Summary of FY 2014 Appropriations Language

Below is a summary of the Treasury 

appropriations language proposed for FY 

2014.

Departmental Offices

Federal Funds

Salaries and Expenses

For necessary expenses of the Departmental 

Offices including operation and 

maintenance of the Treasury Building and 

Annex; hire of passenger motor vehicles; 

maintenance, repairs, and improvements of, 

and purchase of commercial insurance 

policies for, real properties leased or owned 

overseas, when necessary for the 

performance of official business; terrorism 

and financial intelligence activities; 

executive direction program activities; 

international affairs and economic policy 

activities; domestic finance and tax policy 

activities; and Treasury-wide management 

policies and programs activities, 

$311,775,000: Provided, That of the amount 

appropriated under this heading, not to 

exceed $3,000,000, to remain available until

September 30, 2015, is for information 

technology modernization requirements; not 

to exceed $350,000 is for official reception 

and representation expenses; and not to 

exceed $258,000 is for unforeseen 

emergencies of a confidential nature, to be 

allocated and expended under the direction 

of the Secretary of the Treasury and to be 

accounted for solely on his certificate:

Provided further, That of the amount 

appropriated under this heading, 

$8,287,000, to remain available until 

September 30, 2015, is for the

Treasury-wide Financial Statement Audit 

and Internal Control Program: Provided 

further, That of the amount appropriated 

under this heading, $500,000, to remain 

available until September 30, 2015, is for 

secure space requirements: Provided 

further, That of the amount appropriated 

under this heading, up to $2,000,000, to 

remain available until September 30, 2015, 

is for State Small Business Credit Initiative 

technical assistance and shall be in addition 

to any other amounts available for this 

purpose: Provided further, That of the 

amount appropriated under this heading, up 

to $7,400,000, to remain available until 

September 30, 2015, is for audit, oversight, 

and administration of the Gulf Coast 

Restoration Trust Fund: Provided further, 

That of the amount appropriated under this 

heading, up to $3,400,000, to remain 

available until September 30, 2016, is to 

develop and implement programs within the 

Office of Critical Infrastructure Protection 

and Compliance Policy, including entering 

into cooperative agreements: Provided 

further, That notwithstanding any other 

provision of law, of the amount 

appropriated under this heading, up to

$1,000,000 may be contributed to the 

Organization for Economic Cooperation 

and Development for the Department's 

participation in programs related to global 

tax administration.

Department-Wide Systems and Capital 

Investments Programs

For development and acquisition of 

automatic data processing equipment, 

software, and services and for repairs and 

renovations to buildings owned by the 

Department of the Treasury, $2,725,000, to 

remain available until September 30, 2016: 

Provided, That funds shall be transferred to 

accounts and in amounts as necessary to 

satisfy the requirements of the Department's 

offices, bureaus, and other organizations: 

Provided further, That this transfer 

authority shall be in addition to any other 

transfer authority provided in this Act.
Office of Inspector General

Salaries and Expenses

For necessary expenses of the Office of 

Inspector General in carrying out the 

provisions of the Inspector General Act of 

1978, as amended, including hire of 

passenger motor vehicles, $31,351,000; of 

which not to exceed $100,000 shall be 

available for unforeseen emergencies of a 

confidential nature, to be allocated and 

expended under the direction of the 

Inspector General of the Treasury.

Treasury Inspector General for Tax 

Administration

Salaries and Expenses

For necessary expenses of the Treasury 

Inspector General for Tax Administration in 

carrying out the Inspector General Act of 

1978, as amended, including purchase (not 

to exceed 150 for replacement only for 

police-type use) and hire of passenger motor 

vehicles (31 U.S.C. 1343(b)); services 

authorized by 5 U.S.C. 3109, at such rates 

as may be determined by the Inspector 

General for Tax Administration; 

$149,538,000, of which not to exceed 

$6,000,000 shall be available for official 

travel expenses; of which not to exceed 

$500,000 shall be available for unforeseen 

emergencies of a confidential nature, to be 

allocated and expended under the direction 

of the Inspector General for Tax 

Administration.

Treasury Forfeiture Fund

(Cancellation)

Of the unobligated balances available under 

this heading, $950,000,000, are hereby 

permanently cancelled.

Community Development Financial

Institutions Fund Program Account

To carry out the Community Development 

Banking and Financial Institutions Act of 

1994 (Public Law 103–325), including 

services authorized by 5 U.S.C. 3109, but at 

rates for individuals not to exceed the per 

diem rate equivalent to the rate for EX-3, 

$224,936,000, to remain available until 

September 30, 2015; of which $12,000,000 

shall be for financial assistance, technical 

assistance, training and outreach programs, 

designed to benefit Native American, Native 

Hawaiian, and Alaskan Native communities 

and provided primarily through qualified 

community development lender 

organizations with experience and expertise 

in community development banking and 

lending in Indian country, Native American 

organizations, tribes and tribal 

organizations and other suitable providers; 

of which, notwithstanding section 108(d) of 

such Act, up to $35,000,000 shall be for a 

Healthy Food Financing Initiative to 

provide financial assistance, technical 

assistance, training, and outreach to 

community development financial 

institutions for the purpose of offering 

affordable financing and technical 

assistance to expand the availability of 

healthy food options in distressed 

communities; of which $10,000,000 shall be 

for the Bank Enterprise Awards program; 

and of which up to $23,636,000 may be used 

for administrative expenses, including 

administration of the New Markets Tax 

Credit Program and the CDFI Bond 

Guarantee Program, and up to $300,000 for 

administrative expenses to carry out the 

direct loan program; and of which up to 

$2,222,500 may be used for the cost of 

direct loans: Provided, That the cost of 

direct and guaranteed loans, including the 

cost of modifying such loans, shall be as 

defined in section 502 of the Congressional 

Budget Act of 1974: Provided further, That 

these funds are available to subsidize gross 

obligations for the principal amount of 

direct loans not to exceed $25,000,000: 

Provided further, That up to $10,000,000 of 

the amounts provided under this heading 
shall be available for the cost of guarantees 

pursuant to and as authorized by section 

114A of the Riegle Community Development 

and Regulatory Improvement Act of 1994 

(12 U.S.C. 4701 et seq.): Provided further, 

That funds for the cost of guarantees are 

available to subsidize total loan principal 

not to exceed $1,000,000,000: Provided 

further, That, pursuant to such section 114A, 

up to $1,000,000 collected from 

administration fees may be used for 

administrative expenses of the CDFI Bond 

Guarantee Program, and shall be in 

addition to funds otherwise provided for 

administrative expenses of the CDFI Bond 

Guarantee Program.

Special Inspector General for the 

Troubled Asset Relief Program

Salaries and Expenses

For necessary expenses of the Office of the 

Special Inspector General in carrying out 

the provisions of the Emergency Economic 

Stabilization Act of 2008 (Public Law 110–

343), $34,923,000.

Financial Crimes Enforcement Network

Federal Funds

Salaries and Expenses

For necessary expenses of the Financial 

Crimes Enforcement Network, including 

hire of passenger motor vehicles; travel and 

training expenses of non-Federal and 

foreign government personnel to attend 

meetings and training concerned with 

domestic and foreign financial intelligence 

activities, law enforcement, and financial 

regulation; not to exceed $14,000 for 

official reception and representation 

expenses; and for assistance to Federal law 

enforcement agencies, with or without 

reimbursement, $103,909,000, of which not 

to exceed $34,335,000 shall remain 

available until September 30, 2016: 

Provided, That funds appropriated in this 

account may be used to procure personal 

services contracts.

Fiscal Service

Federal Funds

Salaries and Expenses

For necessary expenses of operations of the 

Bureau of the Fiscal Service, $360,165,000; 

of which not to exceed $4,210,000, to 

remain available until September 30, 2016, 

is for information systems modernization 

initiatives; and of which $8,740,000 shall 

remain available until September 30, 2016 

for expenses related to the consolidation of 

Financial Management Service and the 

Bureau of the Public Debt; and of which 

$5,000 shall be available for official 

reception and representation expenses. In 

addition, $165,000, to be derived from the 

Oil Spill Liability Trust Fund to reimburse 

administrative and personnel expenses for 

financial management of the Fund, as 

authorized by section 1012 of Public Law 

101–380.

Alcohol and Tobacco Tax and Trade 

Bureau

Federal Funds

Salaries and Expenses

For necessary expenses of carrying out 

section 1111 of the Homeland Security Act 

of 2002, including hire of passenger motor 

vehicles, $96,211,000; of which not to 

exceed $6,000 for official reception and 

representation expenses; not to exceed 

$50,000 for cooperative research and 

development programs for laboratory 

services; and provision of laboratory 

assistance to State and local agencies with 

or without reimbursement: Provided, That, 

of the amounts provided under this heading, 

such sums as are necessary shall be 

available to fully support tax enforcement 

and compliance activities including tax 

compliance to address the Federal tax gap, 

as specified for purposes of Section 

251(b)(2) of the Balanced Budget and 
Emergency Deficit Control Act of 1985, as 

amended.

United States Mint

Federal Funds

Public Enterprise Fund

Pursuant to section 5136 of title 31, United 

States Code, the United States Mint is 

provided funding through the United States 

Mint Public Enterprise Fund for costs 

associated with the production of circulating 

coins, numismatic coins, and protective 

services, including both operating expenses 

and capital investments: Provided, That the 

aggregate amount of new liabilities and 

obligations incurred during fiscal year 2014 

under such section 5136 for circulating 

coinage and protective service capital 

investments of the United States Mint shall 

not exceed $19,000,000.

Internal Revenue Service

Federal Funds

Taxpayer Services

For necessary expenses of the Internal 

Revenue Service to provide taxpayer 

services, including pre-filing assistance and 

education, filing and account services, 

taxpayer advocacy services, and other 

services as authorized by 5 U.S.C. 3109, at 

such rates as may be determined by the 

Commissioner, and to administer the tax 

credit in title II of division A of the Trade 

Act of 2002 (Public Law 107 

210),$2,412,576,000, of which not less than 

$5,600,000 shall be for the Tax Counseling 

for the Elderly Program, of which not less 

than $9,750,000 shall be available for lowincome taxpayer clinic grants, of which not 

less than $18,000,000, to remain available 

until September 30, 2015, shall be available 

for a Community Volunteer Income Tax 

Assistance matching grants program for tax 

return preparation assistance.

Enforcement

For necessary expenses for tax enforcement 

activities of the Internal Revenue Service to 

determine and collect owed taxes, to provide 

legal and litigation support, to conduct 

criminal investigations, to enforce criminal 

statutes related to violations of internal 

revenue laws and other financial crimes, to 

purchase (for police-type use, not to exceed 

850) and hire passenger motor vehicles (31 

U.S.C. 1343(b)), and to provide other 

services as authorized by 5 U.S.C. 3109, at 

such rates as may be determined by the 

Commissioner, $5,666,787,000, of which not 

less than $60,257,000 shall be for the 

Interagency Crime and Drug Enforcement 

program: Provided, That, of the amounts 

provided under this heading, not less than 

$245,904,000, of which $5,000,000 shall be 

transferred to the Alcohol and Tobacco Tax 

and Trade Bureau, shall be for an additional

appropriation for tax activities, including 

tax compliance to address the Federal tax 

gap, as specified for purposes of Section 

251(b)(2) of the Balanced Budget and 

Emergency Deficit Control Act of 1985, as 

amended.

Operations Support

For necessary expenses of the Internal 

Revenue Service to support taxpayer 

services and enforcement programs, 

including rent payments; facilities services; 

printing; postage; physical security; 

headquarters and other IRS-wide 

administration activities; research and 

statistics of income; telecommunications; 

information technology development, 

enhancement, operations, maintenance, and 

security; the hire of passenger motor 

vehicles (31 U.S.C. 1343(b)); and other 

services as authorized by 5 U.S.C. 3109, at 

such rates as may be determined by the 

Commissioner, $4,480,843,000, of which up 

to $250,000,000 shall remain available until 

September 30, 2015, for information 
technology support; of which up to 

$65,000,000 shall remain available until 

expended for acquisition of real property, 

equipment, construction and renovation of 

facilities; of which not to exceed $1,000,000 

shall remain available until September 30, 

2016, for research; of which not less than 

$2,000,000 shall be for the Internal Revenue 

Service Oversight Board; of which not to 

exceed $25,000 shall be for official 

reception and representation expenses: 

Provided, That not later than 30 days after 

the end of each quarter of each fiscal year, 

the Internal Revenue Service shall submit a 

report to the House and Senate Committees 

on Appropriations and the Comptroller 

General of the United States detailing the 

cost and schedule performance for its major 

information technology investments, 

including the purpose and life-cycle stages 

of the investments; the reasons for any cost 

and schedule variances; the risks of such 

investments and strategies the Internal 

Revenue Service is using to mitigate such 

risks; and the expected developmental 

milestones to be achieved and costs to be 

incurred in the next quarter: Provided 

further, That the Internal Revenue Service 

shall include, in its budget justification for 

fiscal year 2015, a summary of cost and 

schedule performance information for its 

major information technology systems: 

Provided, That, of the amounts provided 

under this heading, such sums as are 

necessary shall be available to fully support 

tax enforcement and compliance activities, 

including not less than $166,086,000 for an 

additional appropriation for tax activities, 

including tax compliance to address the 

Federal tax gap, as specified for purposes of 

Section 251(b)(2) of the Balanced Budget 

and Emergency Deficit Control Act of 1985, 

as amended.

Business Systems Modernization

For necessary expenses of the Internal 

Revenue Service's business systems 

modernization program, $300,827,000, to 

remain available until September 30, 2016, 

for the capital asset acquisition of 

information technology systems, including 

management and related contractual costs 

of said acquisitions, including related 

Internal Revenue Service labor costs, and 

contractual costs associated with operations 

authorized by 5 U.S.C. 3109: Provided, That 

not later than 30 days after the end of each 

quarter of each fiscal year, the Internal 

Revenue Service shall submit a report to the 

House and Senate Committees on 

Appropriations and the Comptroller 

General of the United States detailing the 

cost and schedule performance for CADE 2 

and Modernized e-File information 

technology investments, including the 

purposes and life-cycle stages of the 

investments; the reasons for any cost and 

schedule variances; the risks of such 

investments and the strategies the Internal 

Revenue Service is using to mitigate such 

risks; and the expected developmental 

milestones to be achieved and costs to be 

incurred in the next quarter.

Administrative Provisions-Internal

Revenue Service

(Including Transfer of Funds)

SEC. 101. Not to exceed 5 percent of any 

appropriation made available in this Act to 

the Internal Revenue Service or not to 

exceed 3 percent of appropriations under 

the heading "Enforcement'' may be 

transferred to any other Internal Revenue 

Service appropriation upon the advance 

notification of the Committees on 

Appropriations.

SEC. 102. The Internal Revenue Service 

shall maintain a training program to ensure 

that Internal Revenue Service employees are 
trained in taxpayers' rights, in dealing 

courteously with taxpayers, and in 

crosscultural relations.

SEC. 103. The Internal Revenue Service 

shall institute and enforce policies and 

procedures that will safeguard the 

confidentiality of taxpayer information and 

protect taxpayers against identity theft.

SEC. 104. Funds made available by this or 

any other Act to the Internal Revenue 

Service shall be available for improved 

facilities and increased staffing to provide 

sufficient and effective 1–800 help line 

service for taxpayers. The Commissioner 

shall continue to make the improvement of 

the Internal Revenue Service 1–800 help line 

service a priority and allocate resources 

necessary to improve the Internal Revenue 

Service 1–800 help line service.

SEC. 105. Section 9503(a) of title 5, United 

States Code, is amended by striking "before 

July 23, 2013" and inserting "before 

September 30, 2018".

SEC. 106. Section 9503(a)(5) of title 5, 

United States Code, is amended by inserting 

before the semicolon the following: 

"renewable for an additional two years, 

based on a critical organizational need".

SEC. 107. Section 9505(a) of title 5, United 

States Code, is amended by striking "Before 

July 23, 2013" and inserting "Before 

September 30, 2018".

Administrative Provisions—Department 

of the Treasury

(Including Transfer of Funds)

SEC. 108. Appropriations to the Department 

of the Treasury in this Act shall be available 

for uniforms or allowances therefor, as 

authorized by law (5 U.S.C. 5901), including 

maintenance, repairs, and cleaning; 

purchase of insurance for official motor 

vehicles operated in foreign countries; 

purchase of motor vehicles without regard 

to the general purchase price limitations for 

vehicles purchased and used overseas for 

the current fiscal year; entering into 

contracts with the Department of State for 

the furnishing of health and medical services 

to employees and their dependents serving 

in foreign countries; and services authorized 

by 5 U.S.C. 3109.

SEC. 109. Not to exceed 2 percent of any 

appropriations in this Act made available 

within the headings – Departmental

Offices—Salaries and Expenses, Office of 

Inspector General, Special Inspector 

General for the Troubled Asset Relief 

Program, the Bureau of the Fiscal Service, 

Alcohol and Tobacco Tax and Trade 

Bureau, and Financial Crimes Enforcement

Network, may be transferred between 

appropriations upon the advance 

notification of the Committees on 

Appropriations: Provided, That no transfer 

may increase or decrease any such 

appropriation by more than 2 percent.

SEC. 110. Not to exceed 2 percent of any 

appropriation made available in this Act to 

the Internal Revenue Service may be 

transferred to the Treasury Inspector 

General for Tax Administration's 

appropriation upon the advance notification 

of the Committees on Appropriations: 

Provided, That no transfer may increase or

decrease any such appropriation by more 

than 2 percent.

SEC. 111. Of the funds available for the 

purchase of law enforcement vehicles, no 

funds may be obligated until the Secretary of 

the Treasury certifies that the purchase by 

the respective Treasury bureau is consistent 

with departmental vehicle management

principles: Provided, That the Secretary 
may delegate this authority to the Assistant 

Secretary for Management.

SEC. 112. None of the funds appropriated in 

this Act or otherwise available to the 

Department of the Treasury or the Bureau of 

Engraving and Printing may be used to 

redesign the $1 Federal Reserve note.

SEC. 113. The Secretary of the Treasury 

may transfer funds from the Bureau of the 

Fiscal Service, Salaries and Expenses to the 

Debt Collection Fund as necessary to cover 

the costs of debt collection: Provided, That 

such amounts shall be reimbursed to such 

salaries and expenses account from debt 

collections received in the Debt Collection 

Fund.

SEC. 114. Funds appropriated by this or 

any other Act under the heading "Alcohol 

and Tobacco Tax and Trade Bureau—

Salaries and Expenses" shall be available 

for retention pay for any employee who 

would otherwise be subject to a reduction in 

pay upon the termination of the Bureau's

Personnel Management Demonstration 

Project (as transferred to the Secretary of 

the Treasury by section 1115 of the 

Homeland Security Act of 2002, Public Law 

107–296 (28 U.S.C. 599B)). Such retention 

pay shall comply with section 5363 of title 5, 

United States Code, and related Office of 

Personnel Management regulations, except 

as provided in this section. Such retention 

pay shall be paid at the employee's rate of 

pay immediately prior to the termination of 

the demonstration project and shall not be 

subject to the limitation set forth in section 

5304(g)(1) of title 5, United States Code, 

and related regulations. The rate of pay of 

any employee receiving retention pay 

pursuant to this provision shall be increased 

at the time of any increase in the maximum 

rate of basic pay payable for the grade of 

the employee's position by 50 percent of the 

dollar amount of each such increase, except 

that an employee's retained rate of basic pay 

shall not be so increased if both (a) the 

employee's retained rate of basic pay 

immediately prior to the time of such 

increase exceeds the limitation set forth in in 

section 5304(g)(1) of title 5, United States 

Code, and related regulations, and (b) the 

employee's increased rate of pay would 

exceed the maximum rate of basic pay 

payable for the employee's position.

Section 114 proposes to grandfather current 

pay demonstration project employees at 

their current salaries. 

SEC. 115. Funds appropriated by this Act, 

or made available by the transfer of funds in 

this Act, for the Department of the 

Treasury's intelligence or intelligence 

related activities are deemed to be 

specifically authorized by the Congress for 

purposes of section 504 of the National 

Security Act of 1947 (50 U.S.C. 414) during 

fiscal year 2014 until the enactment of the 

Intelligence Authorization Act for Fiscal 

Year 2014.

SEC. 116. Not to exceed $5,000 shall be 

made available from the Bureau of 

Engraving and Printing's Industrial 

Revolving Fund for necessary official 

reception and representation expenses.

SEC. 117. The Secretary of the Treasury 

shall submit a Capital Investment Plan to 

the Committees on Appropriations of the 

Senate and the House of Representatives not 

later than 30 days following the submission 

of the annual budget for the Administration 

submitted by the President: Provided, That 

such Capital Investment Plan shall include 

capital investment spending from all 

accounts within the Department of the 

Treasury, including but not limited to the 

Department-wide Systems and Capital 
Investment Programs account, the Working 

Capital Fund account, and the Treasury 

Forfeiture Fund account: Provided further, 

That such Capital Investment Plan shall 

include expenditures occurring in previous 

fiscal years for each capital investment 

project that has not been fully completed.

SEC. 118. Section 1324 of title 31, United 

States Code, is amended by adding at the 

end thereof the following new subsection: 

"(c) Amounts appropriated under subsection 

(a) of this section shall be administered, as 

appropriate, as if they were made available 

through separate appropriations to the 

Secretary of the Treasury, the Secretary of 

Homeland Security, and the Attorney 

General. Funds so appropriated shall be 

available to the Secretary of the Treasury 

for refunds by the Internal Revenue Service

of taxes collected pursuant to the Internal 

Revenue Code and related interest;

separately to the Secretary of the Treasury 

for refunds and drawbacks of alcohol, 

tobacco, firearms and ammunition taxes and 

refunds of other taxes which may arise and 

any interest on such refunds, including 

payment of claims for prior fiscal years; to 

the Secretary of Homeland Security for 

refunds and drawbacks of receipts collected 

pursuant to the customs revenue functions 

administered by the Department of 

Homeland Security pursuant to delegation 

by the Secretary of the Treasury and any 

interest on such refunds, including payment 

of claims for prior fiscal years; and to the 

Attorney General for refunds of firearms 

taxes and refunds of other taxes which may 

arise and any interest on such refunds, 

including payment of claims for prior fiscal 

years."

Section 118 refers to funds appropriated or 

otherwise made available to the Secretary of 

the Treasury, the Secretary of Homeland 

Security, and the Attorney General for 

refunds of taxes and related interest on such 

refunds, drawbacks, and payments of claims 

for prior fiscal years. This provision will 

alleviate the need for the Internal Revenue 

Service to make such refunds, drawbacks 

and payments on behalf of the other federal 

agencies, and will minimize the 

administrative and accounting burdens 

associated with this process. This proposal 

will not create any new spending.

SEC. 119. Section 5318(a)(1) of title 31, 

United States Code (relating to compliance, 

exemptions, and summons authority), is 

amended by - (1) Inserting after 

"appropriate" the following: "federal or (in 

the case of financial institutions without a 

federal supervisor) state"; and (2) Inserting 

after "Service;" the following: "In lieu of

delegating such authority to a state 

supervisory agency, the Secretary is also 

authorized to rely on examinations 

conducted by a state supervisory agency of a 

category of financial institution. The 

Secretary may only rely on such state 

examinations if the Secretary determines 

that under the laws of the state, the category 

of financial institution is required to comply 

with this subchapter and regulations 

prescribed under this subchapter, or the 

state supervisory agency is authorized to 

ensure that the category of financial 

institution complies with this subchapter and 

regulations prescribed under this 

subchapter."

SEC. 120. Public Law 91–508, as amended 

(12 U.S.C. 1958 et seq.) is amended in 

section 128, by (1) Striking "sections 1730d 

(1) and" and inserting in lieu thereof 

"section"; (2) Striking "bank supervisory 

agency, or other"; (3) Inserting after 

"appropriate" the following: "federal or (in 

the case of financial institutions without a 

federal supervisor) state"; and (4) Inserting 

after "agency." the following: "In lieu of 
delegating such responsibility to a state 

supervisory agency, the Secretary is also 

authorized to rely on examinations 

conducted by a state supervisory agency of a 

category of financial institution. The 

Secretary may only rely on such state 

examinations if the Secretary determines 

that under the laws of the state, the category 

of financial institution is required to comply 

with this chapter and section 1829b (and 

regulations prescribed under this chapter 

and section 1829b), or the state supervisory 

agency is authorized to ensure that the 

category of financial institution complies 

with this chapter and section 1829b (and 

regulations prescribed under this chapter 

and section 1829b)."

SEC. 121. Section 310(b)(2)(E) of title 31, 

United States Code (relating to the 

Financial Crimes Enforcement Network), is 

amended by inserting after "Federal" the 

first time that it appears, the following: "and 

foreign".

Section 119, 120, and 121 will provide more 

authority for FinCEN to rely on 

examinations conducted by state supervisory 

agencies for nonbank financial institutions 

and will increase information between 

FinCEN and counterpart anti-money 

laundering/ counter-terrorist financing 

regulators.

SEC. 122. Sections 2 and 3 of Public Law 

111–302 are hereby repealed.

SEC. 123. Section 5112 of title 31, United 

States Code, is amended as follows: (1) 

Subsection (a)(2) is amended by striking 

"and weighs 11.34 grams"; (2) Subsection 

(a)(3) is amended by striking "and weighs 

5.67 grams"; (3) Subsection (a)(4) is 

amended by striking "and weighs 2.268 

grams"; (4) Subsection (a)(5) is amended by

striking "and weighs 5 grams"; (5) 

Subsection (a)(6) is amended by (A) striking 

"except as provided under subsection (c) of 

this section," and (B) striking "and weighs 

3.11 grams"; (6) Subsection (b) is amended 

by striking the first, second, third, fourth, 

sixth, seventh, and eighth sentences, and 

striking "metallic,"; and (7) Subsection (c) is 

amended to read as follows: "The Secretary 

shall prescribe the weight and the 

composition of the dollar, half-dollar, 

quarter-dollar, dime, 5-cent, and one-cent 

coins. In prescribing the weight and the 

composition of the dollar, half-dollar, 

quarter-dollar, dime, 5-cent and onecent 

coins, the Secretary shall consider such 

factors that the Secretary considers, in the 

Secretary's sole discretion, to be 

appropriate." Section 5113(a) of title 31, 

United States Code, is amended by (1) 

striking the word "and" after "quarter 

dollar" and inserting after the word "dime" 

", 5-cent, and one-cent"; and (2) striking the 

second and third sentences.

Section 123 would grant the Secretary the 

same authority he presently possesses with

respect to the $1 coin; the authority to 

prescribe the weights and compositions of 

all circulating coins, and to provide the 

Secretary flexibility to change the 

composition of coins to more cost-effective 

materials.

SEC. 124. Section 5112(r) of title 31, United 

States Code, is amended by inserting "for 

circulation" after both instances of "minted 

and issued".

Section 124 would limit the requirement that 

the number of $1 coins minted and issued in 

a year with the Sacagawea-design on the 

obverse be not less than 20 percent of the 

total number of $1 coins minted and issued 

in a year to $1 coins minted and issued for 

circulation. The limitation of the 20 percent 

requirement to circulating coins avoids the 
need to mint and issue Native American $1 

coins in excess of the amounts that 

numismatic customers demand.

SEC. 125. Of the funds made available by 

this Act to the Internal Revenue Service and 

Alcohol Tobacco Tax and Trade Bureau, not 

less than $9,831,851,000 shall be specified 

to pay for the costs of tax activities, 

including tax compliance to address the 

Federal tax gap, as specified for purposes of 

Section 251(b)(2) of the Balanced Budget 

and Emergency Deficit Control Act of 1985, 

as amended.

SEC. 126. Section 114A of the Riegle 

Community Development and Regulatory 

Improvement Act of 1994 (12 U.S.C. 4713a) 

is amended as follows: (1) by amending 

subsection (h) to read as follows: (h) 

FEDERAL CREDIT REFORM ACT.—The 

provisions of this section satisfy the 

requirements of subsections (b) and (e) of 

section 504 of the Congressional Budget Act 

of 1974.; (2) in subsection (k), by striking 

"2014" and inserting "2015".

Section 126 would clarify that the Riegle 

Community Development and Regulatory 

Improvement Act of 1994 complies with 

requirements under the Federal Credit 

Reform Act and extend the Bond Guarantee 

Program through FY 2015, one year beyond 

its existing sunset date at the end of FY 

2014.