II 

Calendar No. 253 

111TH CONGRESS 

2D SESSION H. R. 4154 

IN THE SENATE OF THE UNITED STATES 

DECEMBER 3, 2009 

Received 

DECEMBER 24, 2009 

Read the first time 

JANUARY 20, 2010 

Read the second time and placed on the calendar 

AN ACT 

To amend the Internal Revenue Code of 1986 to repeal 

the new carryover basis rules in order to prevent tax 

increases and the imposition of compliance burdens on 

many more estates than would benefit from repeal, to 

retain the estate tax with a $3,500,000 exemption, to 

reinstitute and update the Pay-As-You-Go requirement 

of budget neutrality on new tax and mandatory spending 

legislation, enforced by the threat of annual, automatic 

sequestration, and for other purposes. 


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1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 DIVISION A—PERMANENT ES4 TATE TAX RELIEF FOR FAMI5 LIES, FARMERS, AND SMALL 

6 BUSINESSES ACT OF 2009 

7 SECTION 1. SHORT TITLE; TABEL OF CONTENTS. 

8 (a) SHORT TITLE.—This division may be cited as the 

9 ‘‘Permanent Estate Tax Relief for Families, Farmers, and 

10 Small Businesses Act of 2009’’. 

11 (b) TABLE OF CONTENTS.—The table of contents for 

12 this Act is as follows: 

DIVISION A—PERMANENT ESTATE TAX RELIEF FOR FAMILIES, 

FARMERS, AND SMALL BUSINESSES ACT OF 2009 

Sec. 1. Short title; tabel of contents. 

Sec. 2. Retention of estate tax; repeal of carryover basis. 

Sec. 3. Modifications to estate and gift taxes. 

DIVISION B—STATUTORY PAY-AS-YOU-GO ACT OF 2009 

Sec. 101. Short Title. 

Sec. 102. Purpose. 

Sec. 103. Definitions. 

Sec. 104. PAYGO estimates and PAYGO scorecards. 

Sec. 105. Annual report and sequestration order. 

Sec. 106. Calculating a sequestration. 

Sec. 107. Current policy adjustment to the CBO estimates. 

Sec. 108. Application of BBEDCA. 

Sec. 109. Technical corrections. 

Sec. 110. Conforming amendments. 

Sec. 111. Exempt programs and activities. 

13 SEC. 2. RETENTION OF ESTATE TAX; REPEAL OF CARRY14 OVER BASIS. 

15 (a) IN GENERAL.—Subtitles A and E of title V of 

16 the Economic Growth and Tax Relief Reconciliation Act 


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1 of 2001, and the amendments made by such subtitles, are 

2 hereby repealed; and the Internal Revenue Code of 1986 

3 shall be applied as if such subtitles, and amendments, had 

4 never been enacted. 

5 (b) SUNSET NOT TO APPLY.—Section 901 of the 

6 Economic Growth and Tax Relief Reconciliation Act of 

7 2001 shall not apply to title V of such Act. 

8 (c) CONFORMING AMENDMENTS.— 

9 (1) Sections 511(d) and 521(b)(2) of the Eco10 nomic Growth and Tax Relief Reconciliation Act of 

11 2001, and the amendments made by such sections, 

12 are hereby repealed; and the Internal Revenue Code 

13 of 1986 shall be applied as if such sections, and 

14 amendments, had never been enacted. 

15 (2) Subsection (c) of section 2511 of the Inter16 nal Revenue Code of 1986 is hereby repealed. 

17 SEC. 3. MODIFICATIONS TO ESTATE AND GIFT TAXES. 

18 (a) $3,500,000 APPLICABLE EXCLUSION AMOUNT.— 

19 Subsection (c) of section 2010 of the Internal Revenue 

20 Code of 1986 (relating to applicable credit amount) is 

21 amended by striking all that follows ‘‘the applicable exclu22 sion amount’’ and inserting ‘‘. For purposes of the pre23 ceding sentence, the applicable exclusion amount is 

24 $3,500,000.’’. 


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1 (b) FREEZE MAXIMUM ESTATE AND GIFT TAX

2 RATES AT 45 PERCENT.—Subsection (c) of section 2001 

3 of such Code is amended— 

4 (1) by striking paragraph (2); 

5 (2) by striking so much of paragraph (1) as 

6 precedes the table contained therein; and 

7 (3) by striking the last 2 items in the table and 

8 inserting the following new item: 

‘‘Over $1,500,000 ................................ $555,800, plus 45 percent of the excess of such amount over 

$1,500,000.’’. 

9 (c) EFFECTIVE DATE.—The amendments made by 

10 this section shall apply to estates of decedents dying, and 

11 gifts made, after December 31, 2009. 

12 DIVISION B—STATUTORY PAY13 AS-YOU-GO ACT OF 2009 

14 SEC. 101. SHORT TITLE. 

15 This division may be cited as the ‘‘Statutory Pay-As16 You-Go Act of 2009’’. 

17 SEC. 102. PURPOSE. 

18 The purpose of this division is to reestablish a statu19 tory procedure to enforce a rule of budget neutrality on 

20 new revenue and direct spending legislation. 

21 SEC. 103. DEFINITIONS. 

22 As used in this division— 


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1 (1) The term ‘‘BBEDCA’’ means the Balanced 

2 Budget and Emergency Deficit Control Act of 1985. 

3 (2) The definitions set forth in section 3 of the 

4 Congressional Budget and Impoundment Control 

5 Act of 1974 and in section 250 of BBEDCA shall 

6 apply to this division, except to the extent that they 

7 are specifically modified as follows: 

8 (A) The term ‘‘outyear’’ means a fiscal 

9 year that occurs one or more years after the 

10 budget year. 

11 (B) In section 250(c)(8)(C), the reference 

12 to the food stamp program shall be deemed to 

13 be a reference to the Supplemental Nutrition 

14 Assistance Program. 

15 (3) The term ‘‘AMT’’ means the Alternative 

16 Minimum Tax for individuals under sections 55–59 

17 of the Internal Revenue Code of 1986, the term 

18 ‘‘EGTRRA’’ means the Economic Growth and Tax 

19 Relief Reconciliation Act of 2001 (Public Law 107– 

20 16), and the term ‘‘JGTRRA’’ means the Jobs and 

21 Growth Tax Relief and Reconciliation Act of 2003 

22 (Public Law 108–27). 

23 (4)(A) The term ‘‘budgetary effects’’ means the 

24 amounts by which PAYGO legislation changes direct 

25 spending or revenues relative to the baseline and 


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1 shall be determined on the basis of estimates in2 cluded by reference in the PAYGO Act or prepared 

3 under section 104(d)(3), as applicable. Budgetary 

4 effects that increase direct spending or decrease rev5 enues are termed ‘‘costs’’ and budgetary effects that 

6 increase revenues or decrease direct spending are 

7 termed ‘‘savings’’. 

8 (B) For purposes of these definitions, off-budg9 et effects shall be counted as budgetary effects un10 less such changes flow directly from amendments to 

11 title II of the Social Security Act and related provi12 sions of the Internal Revenue Code of 1986 and debt 

13 service effects shall not be counted as budgetary ef14 fects. 

15 (C) Solely for purposes of recording entries on 

16 a PAYGO scorecard, provisions in appropriations 

17 Acts are also considered to be budgetary effects for 

18 purposes of this division if such provisions make out19 year modifications to substantive law, except that 

20 provisions for which the outlay effects net to zero 

21 over a period consisting of the current year, the 

22 budget year, and the 4 subsequent years shall not be 

23 considered budgetary effects. For purposes of this 

24 paragraph, the term, ‘‘modifications to substantive 

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1 ment law or other mandatory spending contained in 

2 appropriations Acts, notwithstanding section 

3 250(c)(8) of BBEDCA. Provisions in appropriations 

4 Acts that are neither outyear modifications to sub5 stantive law nor changes in revenues have no budg6 etary effects for purposes of this division. 

7 (D) If a provision is designated as an emer8 gency requirement under this division and is also 

9 designated as an emergency requirement under the 

10 applicable rules of the House of Representatives, 

11 CBO shall not include the cost of such a provision 

12 in its estimate of the PAYGO legislation’s budgetary 

13 effects. 

14 (5) The term ‘‘debit’’ refers to the net total 

15 amount, when positive, by which costs recorded on 

16 the PAYGO scorecards for a fiscal year exceed sav17 ings recorded on those scorecards for that year. 

18 (6) The term ‘‘entitlement law’’ refers to a sec19 tion of law which provides entitlement authority. 

20 (7) The term ‘‘PAYGO legislation’’ or a 

21 ‘‘PAYGO Act’’ refers to a bill or joint resolution 

22 that affects direct spending or revenue relative to 

23 the baseline. The budgetary effects of changes in 

24 revenues and outyear modifications to substantive 

25 law included in appropriation Acts as defined in 


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1 paragraph (4) shall be treated as if they were con2 tained in PAYGO legislation. 

3 (8) The term ‘‘timing shift’’ refers to a delay of 

4 the date on which direct spending would otherwise 

5 occur from the ninth outyear to the tenth outyear or 

6 an acceleration of the date on which revenues would 

7 otherwise occur from the tenth outyear to the ninth 

8 outyear. 

9 SEC. 104. PAYGO ESTIMATES AND PAYGO SCORECARDS. 

10 (a) PAYGO ESTIMATES.—(1) A PAYGO Act shall in11 clude by reference an estimate of its budgetary effects as 

12 determined under section 308(a)(3) of the Congressional 

13 Budget Act of 1974, if timely submitted for printing in 

14 the Congressional Record by the chairs of the Committees 

15 on the Budget of the House of Representatives and the 

16 Senate, as applicable, before the vote on the PAYGO legis17 lation. The Clerk of the House or the Secretary of the 

18 Senate, as applicable, shall also incorporate by reference 

19 such estimate printed in the relevant portion of the Con20 gressional Record under section 308(a)(3) of the Congres21 sional Budget Act of 1974 into the enrollment of a 

22 PAYGO Act. Budgetary effects that are not so included 

23 shall be determined under section 104(d)(3). 


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1 (2)(A) Section 308(a) of the Congressional Budget 

2 Act of 1974 is amended by adding at the end the following 

3 new paragraph: 

4 ‘‘(3) CBO PAYGO ESTIMATES.—Before a vote in 

5 either House on a PAYGO Act that, if determined 

6 in the affirmative, would clear such Act for enroll7 ment, the chairs of the Committees on the Budget 

8 of the House and Senate, as applicable, shall request 

9 from the Director of the Congressional Budget Of10 fice an estimate of the budgetary effects of such Act 

11 under the Statutory Pay-As-You-Go Act of 2009. If 

12 such an estimate is timely provided, the chairs of the 

13 Committees on the Budget of the House of Rep14 resentatives and the Senate shall post such estimate 

15 on their respective committee websites and cause it 

16 to be printed in the Congressional Record under the 

17 heading ‘PAYGO ESTIMATE’. For purposes of this 

18 section, the Director of the Congressional Budget 

19 Office shall not count timing shifts in his estimates 

20 of the budgetary effects of PAYGO legislation (as 

21 defined in section 103 of the Statutory Pay-As-You22 Go Act of 2009).’’. 

23 (B) The side heading of section 308(a) of the Con24 gressional Budget Act of 1974 is amended by striking 

25 ‘‘REPORTS ON’’. 


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1 (b) Section 308 of the Congressional Budget Act of 

2 1974 is amended by adding at the end the following new 

3 subsection: 

4 ‘‘(d) SCOREKEEPING GUIDELINES.—The Director of 

5 the Congressional Budget Office shall provide estimates 

6 under this section in accordance with the scorekeeping 

7 guidelines determined under section 252(d)(5) of the Bal8 anced Budget and Emergency Deficit Control Act of 1985. 

9 Upon agreement, the chairs of the Committees on the 

10 Budget of the House of Representatives and the Senate 

11 shall submit updates to such guidelines for printing in the 

12 Congressional Record.’’. 

13 (c) CURRENT POLICY ADJUSTMENTS FOR CERTAIN

14 LEGISLATION.—For purposes of calculating budgetary ef15 fects under this division, CBO shall adjust its estimates 

16 as described below for any provision of legislation des17 ignated as meeting the criteria in subsection (b), (c), or 

18 (d) of section 107 and which the chairman of the Com19 mittee on the Budget of the House of Representatives or 

20 the Senate, as applicable, designates as meeting those cri21 teria. A single piece of legislation may contain provisions 

22 designated as meeting criteria in more than one of the 

23 subsections listed above. For appropriately designated pro24 visions, CBO shall exclude from its estimates for purposes 

25 of this division any costs of a provision to the extent that 


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1 those costs, when combined with all other excluded costs 

2 of any other previously designated provisions of enacted 

3 legislation under the same subsection of section 107, do 

4 not exceed the maximum applicable current policy adjust5 ment defined under the applicable subsection of section 

6 107 for the applicable 10-year period, using the most re7 cent baseline estimates supplied by the Congressional 

8 Budget Office consistent with section 257 of the Balanced 

9 Budget and Emergency Deficit Control Act of 1985 used 

10 in considering a concurrent resolution on the budget; or, 

11 after the beginning of a new calendar year and before con12 sideration of a concurrent resolution on the budget, using 

13 the most recent baseline estimates supplied by the Con14 gressional Budget Office consistent with section 257 of the 

15 Balanced Budget and Emergency Deficit Control Act of 

16 1985. CBO estimates of legislation containing a current 

17 policy designation under this subsection shall include a 

18 separate presentation of costs excluded from the calcula19 tion of budgetary effects for the legislation, as well as an 

20 updated total of all excluded costs of provisions within the 

21 same subsection of section 107. 

22 (d) OMB PAYGO SCORECARDS.— 

23 (1) IN GENERAL.—OMB shall maintain and 

24 make publicly available a continuously updated docu25 ment containing two PAYGO scorecards displaying 


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1 the budgetary effects of PAYGO legislation as deter2 mined under section 308 of the Congressional Budg3 et Act of 1974, applying the look-back requirement 

4 in subsection (e) and the averaging requirement in 

5 subsection (f), and a separate addendum displaying 

6 the estimates of the costs of provisions designated in 

7 statute as emergency requirements. 

8 (2) ESTIMATES IN LEGISLATION.—Except as 

9 provided in paragraph (3), in making the calcula10 tions for the PAYGO scorecards, OMB shall use the 

11 budgetary effects included by reference in the appli12 cable legislation. 

13 (3) OMB ESTIMATES.—If legislation does not 

14 contain the estimate of budgetary effects under 

15 paragraph (2), then OMB shall score the budgetary 

16 effects of that legislation upon its enactment, based 

17 on the approaches to scorekeeping set forth in this 

18 division. 

19 (4) 5-YEAR SCORECARD.—The first scorecard 

20 shall display the budgetary effects of PAYGO legis21 lation in each year over the 5-year period beginning 

22 in the budget year. 

23 (5) 10-YEAR SCORECARD.—The second score24 card shall display the budgetary effects of PAYGO 


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1 legislation in each year over the 10-year period be2 ginning in the budget year. 

3 (e) LOOK-BACK TO CAPTURE CURRENT-YEAR EF4 FECTS.—For purposes of this section, OMB shall treat the 

5 budgetary effects of PAYGO legislation enacted during a 

6 session of Congress that occur during the current year as 

7 though they occurred in the budget year. 

8 (f) AVERAGING USED TO MEASURE COMPLIANCE

9 OVER 5-YEAR AND 10-YEAR PERIODS.—OMB shall cumu10 late the budgetary effects of a PAYGO Act over the budg11 et year (which includes any look-back effects under sub12 section (e)) and— 

13 (1) for purposes of the 5-year scorecard re14 ferred to in subsection (d)(4), the four subsequent 

15 outyears, divide that cumulative total by five, and 

16 enter the quotient in the budget-year column and in 

17 each subsequent column of the 5-year PAYGO score18 card; and 

19 (2) for purposes of the 10-year scorecard re20 ferred to in subsection (d)(5), the nine subsequent 

21 outyears, divide that cumulative total by ten, and 

22 enter the quotient in the budget-year column and in 

23 each subsequent column of the 10-year PAYGO 

24 scorecard. 


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1 SEC. 105. ANNUAL REPORT AND SEQUESTRATION ORDER. 

2 (a) ANNUAL REPORT.—Not later than 14 days (ex3 cluding weekends and holidays) after Congress adjourns 

4 to end a session, OMB shall make publicly available and 

5 cause to be printed in the Federal Register an annual 

6 PAYGO report. The report shall include an up-to-date 

7 document containing the PAYGO scorecards, a description 

8 of any current policy adjustments made under section 

9 104(c), information about emergency legislation (if any) 

10 designated under section 103(4)(D), information about 

11 any sequestration if required by subsection (b), and other 

12 data and explanations that enhance public understanding 

13 of this division and actions taken under it. 

14 (b) SEQUESTRATION ORDER.—If the annual report 

15 issued at the end of a session of Congress under sub16 section (a) shows a debit on either PAYGO scorecard for 

17 the budget year, OMB shall prepare and the President 

18 shall issue and include in that report a sequestration order 

19 that, upon issuance, shall reduce budgetary resources of 

20 direct spending programs by enough to offset that debit 

21 as prescribed in section 106. If there is a debit on both 

22 scorecards, the order shall fully offset the larger of the 

23 two debits. OMB shall include that order in the annual 

24 report and transmit it to the House of Representatives 

25 and the Senate. If the President issues a sequestration 

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1 count to be sequestered, estimates of the baseline level of 

2 budgetary resources subject to sequestration, the amount 

3 of budgetary resources to be sequestered, and the outlay 

4 reductions that will occur in the budget year and the sub5 sequent fiscal year because of that sequestration. 

6 SEC. 106. CALCULATING A SEQUESTRATION. 

7 (a) REDUCING NONEXEMPT BUDGETARY RE8 SOURCES BY A UNIFORM PERCENTAGE.—OMB shall cal9 culate the uniform percentage by which the budgetary re10 sources of nonexempt direct spending programs are to be 

11 sequestered such that the outlay savings resulting from 

12 that sequestration, as calculated under subsection (b), 

13 shall offset the budget-year debit, if any on the applicable 

14 PAYGO scorecard. If the uniform percentage calculated 

15 under the prior sentence exceeds 4 percent, the Medicare 

16 programs described in section 256(d) of BBEDCA shall 

17 be reduced by 4 percent and the uniform percentage by 

18 which the budgetary resources of all other nonexempt di19 rect spending programs are to be sequestered shall be in20 creased, as necessary, so that the sequestration of Medi21 care and of all other nonexempt direct spending programs 

22 together produce the required outlay savings. 

23 (b) OUTLAY SAVINGS.—In determining the amount 

24 by which a sequestration offsets a budget-year debit, OMB 

25 shall count— 


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1 (1) the amount by which the sequestration in a 

2 crop year of crop support payments, pursuant to 

3 section 256(j) of BBEDCA, reduces outlays in the 

4 budget year and the subsequent fiscal year; 

5 (2) the amount by which the sequestration of 

6 Medicare payments in the 12-month period following 

7 the sequestration order, pursuant to section 256(d) 

8 of BBEDCA, reduces outlays in the budget year and 

9 the subsequent fiscal year; and 

10 (3) the amount by which the sequestration in 

11 the budget year of the budgetary resources of other 

12 nonexempt mandatory programs reduces outlays in 

13 the budget year and in the subsequent fiscal year. 

14 SEC. 107. CURRENT POLICY ADJUSTMENT TO THE CBO ES15 TIMATES. 

16 (a) PURPOSE.—The purpose of this section is to pro17 vide for adjustments of estimates of budgetary effects of 

18 PAYGO legislation for legislation affecting four areas of 

19 the budget— 

20 (1) payments made under section 1848 of the 

21 Social Security Act (titled Payment for Physicians’ 

22 Services); 

23 (2) the Estate and Gift Tax under subtitle B of 

24 the Internal Revenue Code of 1986; 

25 (3) the AMT; and 


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1 (4) provisions of EGTRRA or JGTRRA that 

2 amended the Internal Revenue Code of 1986 (or 

3 provisions in later statutes further amending the 

4 amendments made by EGTRRA or JGTRRA), other 

5 than— 

6 (A) the provisions of those two Acts that 

7 were made permanent by the Pension Protec8 tion Act of 2006 (Public Law 109–280); 

9 (B) amendments to the estate and gift tax 

10 referred to in paragraph (2); 

11 (C) the AMT referred to in paragraph (3); 

12 (D) the 35 percent bracket and that por13 tion of the 33 percent bracket that applies to 

14 taxable income greater than $200,000 for an 

15 individual and $250,000 for a couple; and 

16 (E) provisions in those two Acts relating to 

17 taxes rates on capital gains and dividends. 

18 (b) MEDICARE PAYMENTS TO PHYSICIANS.— 

19 (1) CRITERIA.—Legislation that includes provi20 sions amending or superseding the system of pay21 ments under section 1848 of the Social Security Act 

22 shall trigger the current policy adjustment required 

23 by this division. 


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1 (2) ADJUSTMENT.—The amount of the max2 imum current policy adjustment shall be the dif3 ference between— 

4 (A) estimated net outlays attributable to 

5 the payments made to physicians under that 

6 section of the Social Security Act (as scheduled 

7 on July 15, 2009, to be in effect); and 

8 (B) what those net outlays would have 

9 been if the nominal payment rates and related 

10 parameters in effect for 2009 had been in effect 

11 thereafter without change. 

12 (c) ESTATE AND GIFT TAX.— 

13 (1) CRITERIA.—Legislation that includes provi14 sions amending the Estate and Gift Tax under sub15 title B of the Internal Revenue Code of 1986 shall 

16 trigger the current policy adjustment required by 

17 this division. 

18 (2) ADJUSTMENT.—The amount of the max19 imum current policy adjustment shall be the dif20 ference between— 

21 (A) total revenues projected to be collected 

22 under the Internal Revenue Code of 1986 (as 

23 scheduled on July 15, 2009, to be in effect); 

24 and 


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1 (B) what those revenue collections would 

2 have been if, on the date of enactment of the 

3 legislation meeting the criteria in paragraph 

4 (1), estate and gift tax law had instead been 

5 amended so that the tax rates, nominal exemp6 tion amounts, and related parameters in effect 

7 for tax year 2009 had remained in effect there8 after without change. 

9 (d) PERMANENT EXTENSION OF MIDDLE-CLASS TAX

10 CUTS AND AMT RELIEF.— 

11 (1) CRITERIA.—Legislation that includes provi12 sions extending middle-class tax cuts or AMT relief 

13 shall trigger the current policy adjustment required 

14 by this division if those provisions extend one or 

15 more of the following provisions— 

16 (A) AMT relief for calendar year 2010 and 

17 subsequent years in such a manner that the 

18 number of AMT taxpayers is not estimated to 

19 exceed the number of AMT taxpayers in tax 

20 year 2008 in any year through the tenth year 

21 after enactment; 

22 (B) the 10 percent bracket as in effect for 

23 tax year 2010, as provided for under section 

24 101(a) of the Economic Growth and Tax Relief 


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1 Reconciliation Act of 2001 and any later 

2 amendments through July 15, 2009; 

3 (C) the child tax credit as in effect for tax 

4 year 2010, as provided for under section 201 of 

5 the Economic Growth and Tax Relief Reconcili6 ation Act and any later amendments through 

7 July 15, 2009; 

8 (D) tax benefits for married couples as in 

9 effect for tax year 2010, as provided for under 

10 title III of the Economic Growth and Tax Relief 

11 Reconciliation Act and any later amendments 

12 through July 15, 2009; 

13 (E) the adoption credit as in effect in tax 

14 year 2010, as provided for under section 202 of 

15 the Economic Growth and Tax Relief Reconcili16 ation Act of 2001 and any later amendments 

17 through July 15, 2009; 

18 (F) the dependent care credit as in effect 

19 in tax year 2010, as provided for under section 

20 204 of the Economic Growth and Tax Relief 

21 Reconciliation Act of 2001 and any later 

22 amendments through July 15, 2009; 

23 (G) the employer-provided child care credit 

24 as in effect in tax year 2010, as provided for 

25 under section 205 of the Economic Growth and 


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1 Tax Relief Reconciliation Act of 2001 and any 

2 later amendments through July 15, 2009; 

3 (H) the education tax benefits as in effect 

4 in tax year 2010, as provided for under title IV 

5 of the Economic Growth and Tax Relief Rec6 onciliation Act of 2001 and any later amend7 ments through July 15, 2009; 

8 (I) the 25 and 28 percent brackets as in 

9 effect for tax year 2010, as provided for under 

10 section 101(a) of the Economic Growth and 

11 Tax Relief Reconciliation Act of 2001 and any 

12 later amendments through July 15, 2009; and 

13 (J) the 33 percent brackets as in effect for 

14 tax year 2010, as provided for under section 

15 101(a) of the Economic Growth and Tax Relief 

16 Reconciliation Act of 2001 and any later 

17 amendment affecting taxpayers with taxable in18 come of $200,000 or less for individuals and 

19 $250,000 or less for couples in calendar year 

20 2010 and increased in each subsequent year by 

21 an amount equal to the cost of living adjust22 ment determined under section 1(f)(3) of the 

23 Internal Revenue Code of 1986 for the calendar 

24 year in which the taxable year begins, deter25 mined by substituting ‘‘calendar year 2008’’ for 


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1 ‘‘calendar year 1992’’ in subparagraph (B) 

2 thereof. 

3 (2) ADJUSTMENT.—The amount of the max4 imum current policy adjustment shall be the dif5 ference between what total revenues would have been 

6 under the Internal Revenue Code of 1986 (as sched7 uled on July 15, 2009, to be in effect) and what rev8 enues would be if legislation— 

9 (A) permanently extending the AMT ex10 emption and brackets in effect in tax year 2009 

11 but increased in tax year 2010 and each subse12 quent tax year as indicated under subsection 

13 (d)(2)(B), along with any additional amount 

14 necessary to prevent the number of taxpayers 

15 who must pay AMT from increasing; and 

16 (B) permanently extending the provisions 

17 identified in paragraph (1), 

18 were enacted on the same day as the legislation re19 ferred to in paragraph (1). 

20 SEC. 108. APPLICATION OF BBEDCA. 

21 For purposes of this division— 

22 (1) notwithstanding section 275 of BBEDCA, 

23 the provisions of sections 255, 256, 257, and 274 of 

24 BBEDCA, as amended by this division, shall apply 

25 to the provisions of this division; 


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1 (2) references in sections 255, 256, 257, and 

2 274 to ‘‘this part’’ or ‘‘this title’’ shall be interpreted 

3 as applying to this division; 

4 (3) references in sections 255, 256, 257, and 

5 274 of BBEDCA to ‘‘section 254’’ shall be inter6 preted as referencing section 105 of this division; 

7 (4) the reference in section 256(b) of BBEDCA 

8 to ‘‘section 252 or 253’’ shall be interpreted as ref9 erencing section 105 of this division; 

10 (5) the reference in section 256(d)(1) of 

11 BBEDCA to ‘‘section 252 or 253’’ shall be inter12 preted as referencing section 106 of this division; 

13 (6) the reference in section 256(d)(4) of 

14 BBEDCA to ‘‘section 252 or 253’’ shall be inter15 preted as referencing section 105 of this division; 

16 (7) section 256(k) of BBEDCA shall apply to 

17 a sequestration, if any, under this division; and 

18 (8) references in section 257(e) of BBEDCA to 

19 ‘‘section 251, 252, or 253’’ shall be interpreted as 

20 referencing section 104 of this division. 

21 SEC. 109. TECHNICAL CORRECTIONS. 

22 (a) Section 250(c)(18) of BBEDCA is amended by 

23 striking ‘‘the expenses the Federal deposit insurance agen24 cies’’ and inserting ‘‘the expenses of the Federal deposit 

25 insurance agencies’’. 


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1 (b) Section 256(k)(1) of BBEDCA is amended by 

2 striking ‘‘in paragraph (5)’’ and inserting ‘‘in paragraph 

3 (6)’’. 

4 SEC. 110. CONFORMING AMENDMENTS. 

5 (a) Section 256(a) of BBEDCA is repealed. 

6 (b) Section 256(b) of BBEDCA is amended by strik7 ing ‘‘origination fees under sections 438(c)(2) and 455(c) 

8 of that Act shall each be increased by 0.50 percentage 

9 point.’’ and inserting in lieu thereof ‘‘origination fees 

10 under sections 438(c)(2) and (6) and 455(c) and loan 

11 processing and issuance fees under section 

12 428(f)(1)(A)(ii) of that Act shall each be increased by the 

13 uniform percentage specified in that sequestration order, 

14 and, for student loans originated during the period of the 

15 sequestration, special allowance payments under section 

16 438(b) of that Act accruing during the period of the se17 questration shall be reduced by the uniform percentage 

18 specified in that sequestration order.’’. 

19 (c) Section 256(c) of BBEDCA is repealed. 

20 (d) Section 256(d) of BBEDCA is amended— 

21 (1) by redesignating paragraphs (2), (3), and 

22 (4) as paragraphs (3), (5), and (6); 

23 (2) by amending paragraph (1) to read as fol24 lows: 


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HR 4154 PCS 

1 ‘‘(1) CALCULATION OF REDUCTION IN PAYMENT

2 AMOUNTS.—To achieve the total percentage reduc3 tion in those programs required by section 252 or 

4 253, subject to paragraph (2), and notwithstanding 

5 section 710 of the Social Security Act, OMB shall 

6 determine, and the applicable Presidential order 

7 under section 254 shall implement, the percentage 

8 reduction that shall apply, with respect to the health 

9 insurance programs under title XVIII of the Social 

10 Security Act— 

11 ‘‘(A) in the case of parts A and B of such 

12 title, to individual payments for services fur13 nished during the one-year period beginning on 

14 the first day of the first month beginning after 

15 the date the order is issued (or, if later, the 

16 date specified in paragraph (4)); and 

17 ‘‘(B) in the case of parts C and D, to 

18 monthly payments under contracts under such 

19 parts for the same one-year period; 

20 such that the reduction made in payments under 

21 that order shall achieve the required total percentage 

22 reduction in those payments for that period.’’; 

23 (3) by inserting after paragraph (1) the fol24 lowing: 


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HR 4154 PCS 

1 ‘‘(2) UNIFORM REDUCTION RATE; MAXIMUM

2 PERMISSIBLE REDUCTION.—Reductions in payments 

3 for programs and activities under such title XVIII 

4 pursuant to a sequestration order under section 254 

5 shall be at a uniform rate, which shall not exceed 4 

6 percent, across all such programs and activities sub7 ject to such order.’’; 

8 (4) by inserting after paragraph (3), as redesig9 nated, the following: 

10 ‘‘(4) TIMING OF SUBSEQUENT SEQUESTRATION

11 ORDER.—A sequestration order required by section 

12 252 or 253 with respect to programs under such 

13 title XVIII shall not take effect until the first month 

14 beginning after the end of the effective period of any 

15 prior sequestration order with respect to such pro16 grams, as determined in accordance with paragraph 

17 (1).’’; 

18 (5) in paragraph (6), as redesignated, to read 

19 as follows: 

20 ‘‘(6) SEQUESTRATION DISREGARDED IN COM21 PUTING PAYMENT AMOUNTS.—The Secretary of 

22 Health and Human Services shall not take into ac23 count any reductions in payment amounts which 

24 have been or may be effected under this part, for 


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HR 4154 PCS 

1 purposes of computing any adjustments to payment 

2 rates under such title XVIII, specifically including— 

3 ‘‘(A) the part C growth percentage under 

4 section 1853(c)(6); 

5 ‘‘(B) the part D annual growth rate under 

6 section 1860D–2(b)(6); and 

7 ‘‘(C) application of risk corridors to part D 

8 payment rates under section 1860D–15(e).’’; 

9 and 

10 (6) by adding after paragraph (6), as redesig11 nated, the following: 

12 ‘‘(7) EXEMPTIONS FROM SEQUESTRATION.—In 

13 addition to the programs and activities specified in 

14 section 255, the following shall be exempt from se15 questration under this part: 

16 ‘‘(A) PART D LOW-INCOME SUBSIDIES.— 

17 Premium and cost-sharing subsidies under sec18 tion 1860D–14 of the Social Security Act. 

19 ‘‘(B) PART D CATASTROPHIC SUBSIDY.— 

20 Payments under section 1860D–15(b) and 

21 (e)(2)(B) of the Social Security Act. 

22 ‘‘(C) QUALIFIED INDIVIDUAL (QI) PRE23 MIUMS.—Payments to States for coverage of 

24 Medicare cost-sharing for certain low-income 


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1 Medicare beneficiaries under section 1933 of 

2 the Social Security Act.’’. 

3 SEC. 111. EXEMPT PROGRAMS AND ACTIVITIES. 

4 (a) DESIGNATIONS.—Section 255 of BBEDCA is 

5 amended by redesignating subsection (i) as (j) and strik6 ing ‘‘1998’’ and inserting in lieu thereof ‘‘2010’’. 

7 (b) SOCIAL SECURITY, VETERANS PROGRAMS, NET

8 INTEREST, AND TAX CREDITS.—Subsections (a) through 

9 (d) of section 255 of BBEDCA are amended to read as 

10 follows: 

11 ‘‘(a) SOCIAL SECURITY BENEFITS AND TIER I RAIL12 ROAD RETIREMENT BENEFITS.—Benefits payable under 

13 the old-age, survivors, and disability insurance program 

14 established under title II of the Social Security Act (42 

15 U.S.C. 401 et seq.), and benefits payable under section 

16 231b(a), 231b(f)(2), 231c(a), and 231c(f) of title 45, 

17 United States Code, shall be exempt from reduction under 

18 any order issued under this part. 

19 ‘‘(b) VETERANS PROGRAMS.—The following program 

20 shall be exempt from reduction under any order issued 

21 under this part— 

22 ‘‘All programs administered by the Department 

23 of Veterans Affairs. 

24 ‘‘Special Benefits for Certain World War II 

25 Veterans (28–0401–0–1–701). 


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1 ‘‘(c) NET INTEREST.—No reduction of payments for 

2 net interest (all of major functional category 900) shall 

3 be made under any order issued under this part. 

4 ‘‘(d) REFUNDABLE INCOME TAX CREDITS.—Pay5 ments to individuals made pursuant to provisions of the 

6 Internal Revenue Code of 1986 establishing refundable 

7 tax credits shall be exempt from reduction under any order 

8 issued under this part.’’. 

9 (c) OTHER PROGRAMS AND ACTIVITIES, LOW-IN10 COME PROGRAMS, AND ECONOMIC RECOVERY PRO11 GRAMS.—Subsections (g) and (h) of section 255 of 

12 BBEDCA are amended to read as follows: 

13 ‘‘(g) OTHER PROGRAMS AND ACTIVITIES.— 

14 ‘‘(1)(A) The following budget accounts and ac15 tivities shall be exempt from reduction under any 

16 order issued under this part: 

17 ‘‘Activities resulting from private dona18 tions, bequests, or voluntary contributions to 

19 the Government. 

20 ‘‘Activities financed by voluntary payments 

21 to the Government for goods or services to be 

22 provided for such payments. 

23 ‘‘Administration of Territories, Northern 

24 Mariana Islands Covenant grants (14–0412–0– 

25 1–808). 


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1 ‘‘Advances to the Unemployment Trust 

2 Fund and Other Funds (16–0327–0–1–600). 

3 ‘‘Black Lung Disability Trust Fund Refi4 nancing (16–0329–0–1–601). 

5 ‘‘Bonneville Power Administration Fund 

6 and borrowing authority established pursuant 

7 to section 13 of Public Law 93–454 (1974), as 

8 amended (89–4045–0–3–271). 

9 ‘‘Claims, Judgments, and Relief Acts (20– 

10 1895–0–1–808). 

11 ‘‘Compact of Free Association (14–0415– 

12 0–1–808). 

13 ‘‘Compensation of the President (11– 

14 0209–01–1–802). 

15 ‘‘Comptroller of the Currency, Assessment 

16 Funds (20–8413–0–8–373). 

17 ‘‘Continuing Fund, Southeastern Power 

18 Administration (89–5653–0–2–271). 

19 ‘‘Continuing Fund, Southwestern Power 

20 Administration (89–5649–0–2–271). 

21 ‘‘Dual Benefits Payments Account (60– 

22 0111–0–1–601). 

23 ‘‘Emergency Fund, Western Area Power 

24 Administration (89–5069–0–2–271). 


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HR 4154 PCS 

1 ‘‘Exchange Stabilization Fund (20–4444– 

2 0–3–155). 

3 ‘‘Federal Deposit Insurance Corporation, 

4 Deposit Insurance Fund (51–4596–4–4–373). 

5 ‘‘Federal Deposit Insurance Corporation, 

6 FSLIC Resolution Fund (51–4065–0–3–373). 

7 ‘‘Federal Deposit Insurance Corporation, 

8 Noninterest Bearing Transaction Account 

9 Guarantee (51–4458–0–3–373). 

10 ‘‘Federal Deposit Insurance Corporation, 

11 Senior Unsecured Debt Guarantee (51–4457– 

12 0–3–373). 

13 ‘‘Federal Housing Finance Agency, Admin14 istrative Expenses (95–5532–0–2–371). 

15 ‘‘Federal Payment to the District of Co16 lumbia Judicial Retirement and Survivors An17 nuity Fund (20–1713–0–1–752). 

18 ‘‘Federal Payment to the District of Co19 lumbia Pension Fund (20–1714–0–1–601). 

20 ‘‘Federal Payments to the Railroad Retire21 ment Accounts (60–0113–0–1–601). 

22 ‘‘Federal Reserve Bank Reimbursement 

23 Fund (20–1884–0–1–803). 

24 ‘‘Financial Agent Services (20–1802–0–1– 

25 803). 


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HR 4154 PCS 

1 ‘‘Foreign Military Sales Trust Fund (11– 

2 8242–0–7–155). 

3 ‘‘Hazardous Waste Management, Con4 servation Reserve Program (12–4336–0–3– 

5 999). 

6 ‘‘Host Nation Support Fund for Relocation 

7 (97–8337–0–7–051). 

8 ‘‘Internal Revenue Collections for Puerto 

9 Rico (20–5737–0–2–806). 

10 ‘‘Intragovernmental funds, including those 

11 from which the outlays are derived primarily 

12 from resources paid in from other government 

13 accounts, except to the extent such funds are 

14 augmented by direct appropriations for the fis15 cal year during which an order is in effect. 

16 ‘‘Medical Facilities Guarantee and Loan 

17 Fund (75–9931–0–3–551). 

18 ‘‘National Credit Union Administration, 

19 Central Liquidity Facility (25–4470–0–3–373). 

20 ‘‘National Credit Union Administration, 

21 Corporate Credit Union Share Guarantee Pro22 gram (25–4476–0–3–376). 

23 ‘‘National Credit Union Administration, 

24 Credit Union Homeowners Affordability Relief 

25 Program (25–4473–0–3–371). 


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HR 4154 PCS 

1 ‘‘National Credit Union Administration, 

2 Credit Union Share Insurance Fund (25–4468– 

3 0–3–373). 

4 ‘‘National Credit Union Administration, 

5 Credit Union System Investment Program (25– 

6 4474–0–3–376). 

7 ‘‘National Credit Union Administration, 

8 Operating fund (25–4056–0–3–373). 

9 ‘‘National Credit Union Administration, 

10 Share Insurance Fund Corporate Debt Guar11 antee Program (25–4469–0–3–376). 

12 ‘‘National Credit Union Administration, 

13 U.S. Central Federal Credit Union Capital Pro14 gram (25–4475–0–3–376). 

15 ‘‘Office of Thrift Supervision (20–4108–0– 

16 3–373). 

17 ‘‘Panama Canal Commission Compensation 

18 Fund (16–5155–0–2–602). 

19 ‘‘Payment of Vietnam and USS Pueblo 

20 prisoner-of-war claims within the Salaries and 

21 Expenses, Foreign Claims Settlement account 

22 (15–0100–0–1–153). 

23 ‘‘Payment to Civil Service Retirement and 

24 Disability Fund (24–0200–0–1–805). 


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HR 4154 PCS 

1 ‘‘Payment to Department of Defense Medi2 care-Eligible Retiree Health Care Fund (97– 

3 0850–0–1–054). 

4 ‘‘Payment to Judiciary Trust Funds (10– 

5 0941–0–1–752). 

6 ‘‘Payment to Military Retirement Fund 

7 (97–0040–0–1–054). 

8 ‘‘Payment to the Foreign Service Retire9 ment and Disability Fund (19–0540–0–1–153). 

10 ‘‘Payments to Copyright Owners (03– 

11 5175–0–2–376). 

12 ‘‘Payments to Health Care Trust Funds 

13 (75–0580–0–1–571). 

14 ‘‘Payment to Radiation Exposure Com15 pensation Trust Fund (15–0333–0–1–054). 

16 ‘‘Payments to Social Security Trust Funds 

17 (28–0404–0–1–651). 

18 ‘‘Payments to the United States Terri19 tories, Fiscal Assistance (14–0418–0–1–806). 

20 ‘‘Payments to trust funds from excise 

21 taxes or other receipts properly creditable to 

22 such trust funds. 

23 ‘‘Payments to widows and heirs of de24 ceased Members of Congress (00–0215–0–1– 

25 801). 


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HR 4154 PCS 

1 ‘‘Postal Service Fund (18–4020–0–3–372). 

2 ‘‘Radiation Exposure Compensation Trust 

3 Fund (15–8116–0–1–054). 

4 ‘‘Reimbursement to Federal Reserve Banks 

5 (20–0562–0–1–803). 

6 ‘‘Salaries of Article III judges. 

7 ‘‘Soldiers and Airmen’s Home, payment of 

8 claims (84–8930–0–7–705). 

9 ‘‘Tennessee Valley Authority Fund, except 

10 nonpower programs and activities (64–4110–0– 

11 3–999). 

12 ‘‘Tribal and Indian trust accounts within 

13 the Department of the Interior which fund 

14 prior legal obligations of the Government or 

15 which are established pursuant to Acts of Con16 gress regarding Federal management of tribal 

17 real property or other fiduciary responsibilities, 

18 including but not limited to Tribal Special 

19 Fund (14–5265–0–2–452), Tribal Trust Fund 

20 (14–8030–0–7–452), White Earth Settlement 

21 (14–2204–0–1–452), and Indian Water Rights 

22 and Habitat Acquisition (14–5505–0–2–303). 

23 ‘‘United Mine Workers of America 1992 

24 Benefit Plan (95–8260–0–7–551). 


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HR 4154 PCS 

1 ‘‘United Mine Workers of America 1993 

2 Benefit Plan (95–8535–0–7–551). 

3 ‘‘United Mine Workers of America Com4 bined Benefit Fund (95–8295–0–7–551). 

5 ‘‘United States Enrichment Corporation 

6 Fund (95–4054–0–3–271). 

7 ‘‘Universal Service Fund (27–5183–0–2– 

8 376). 

9 ‘‘Vaccine Injury Compensation (75–0320– 

10 0–1–551). 

11 ‘‘Vaccine Injury Compensation Program 

12 Trust Fund (20–8175–0–7–551). 

13 ‘‘(B) The following Federal retirement and dis14 ability accounts and activities shall be exempt from 

15 reduction under any order issued under this part: 

16 ‘‘Black Lung Disability Trust Fund (20– 

17 8144–0–7–601). 

18 ‘‘Central Intelligence Agency Retirement 

19 and Disability System Fund (56–3400–0–1– 

20 054). 

21 ‘‘Civil Service Retirement and Disability 

22 Fund (24–8135–0–7–602). 

23 ‘‘Comptrollers general retirement system 

24 (05–0107–0–1–801). 


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HR 4154 PCS 

1 ‘‘Contributions to U.S. Park Police annu2 ity benefits, Other Permanent Appropriations 

3 (14–9924–0–2–303). 

4 ‘‘Court of Appeals for Veterans Claims Re5 tirement Fund (95–8290–0–7–705). 

6 ‘‘Department of Defense Medicare-Eligible 

7 Retiree Health Care Fund (97–5472–0–2–551). 

8 ‘‘District of Columbia Federal Pension 

9 Fund (20–5511–0–2–601). 

10 ‘‘District of Columbia Judicial Retirement 

11 and Survivors Annuity Fund (20–8212–0–7– 

12 602). 

13 ‘‘Energy Employees Occupational Illness 

14 Compensation Fund (16–1523–0–1–053). 

15 ‘‘Foreign National Employees Separation 

16 Pay (97–8165–0–7–051). 

17 ‘‘Foreign Service National Defined Con18 tributions Retirement Fund (19–5497–0–2– 

19 602). 

20 ‘‘Foreign Service National Separation Li21 ability Trust Fund (19–8340–0–7–602). 

22 ‘‘Foreign Service Retirement and Dis23 ability Fund(19–8186–0–7–602). 


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HR 4154 PCS 

1 ‘‘Government Payment for Annuitants, 

2 Employees Health Benefits (24–0206–0–1– 

3 551). 

4 ‘‘Government Payment for Annuitants, 

5 Employee Life Insurance (24–0500–0–1–602). 

6 ‘‘Judicial Officers’ Retirement Fund (10– 

7 8122–0–7–602). 

8 ‘‘Judicial Survivors’ Annuities Fund (10– 

9 8110–0–7–602). 

10 ‘‘Military Retirement Fund (97–8097–0– 

11 7–602). 

12 ‘‘National Railroad Retirement Investment 

13 Trust (60–8118–0–7–601). 

14 ‘‘National Oceanic and Atmospheric Ad15 ministration retirement (13–1450–0–1–306). 

16 ‘‘Pensions for former Presidents (47– 

17 0105–0–1–802). 

18 ‘‘Postal Service Retiree Health Benefits 

19 Fund (24–5391–0–2–551). 

20 ‘‘Public Safety Officer Benefits (15–0403– 

21 0–1–754). 

22 ‘‘Rail Industry Pension Fund (60–8011– 

23 0–7–601). 

24 ‘‘Retired Pay, Coast Guard (70–0602–0– 

25 1–403). 


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HR 4154 PCS 

1 ‘‘Retirement Pay and Medical Benefits for 

2 Commissioned Officers, Public Health Service 

3 (75–0379–0–1–551). 

4 ‘‘Special Benefits for Disabled Coal Miners 

5 (16–0169–0–1–601). 

6 ‘‘Special Benefits, Federal Employees’ 

7 Compensation Act (16–1521–0–1–600). 

8 ‘‘Special Workers Compensation Expenses 

9 (16–9971–0–7–601). 

10 ‘‘Tax Court Judges Survivors Annuity 

11 Fund (23–8115–0–7–602). 

12 ‘‘United States Court of Federal Claims 

13 Judges’ Retirement Fund (10–8124–0–7–602). 

14 ‘‘United States Secret Service, DC Annuity 

15 (70–0400–0–1–751). 

16 ‘‘Voluntary Separation Incentive Fund 

17 (97–8335–0–7–051). 

18 ‘‘(2) Prior legal obligations of the Government 

19 in the following budget accounts and activities shall 

20 be exempt from any order issued under this part: 

21 ‘‘Biomass Energy Development (20–0114– 

22 0–1–271). 

23 ‘‘Check Forgery Insurance Fund (20– 

24 4109–0–3–803). 

25 ‘‘Credit liquidating accounts. 


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HR 4154 PCS 

1 ‘‘Credit reestimates. 

2 ‘‘Employees Life Insurance Fund (24– 

3 8424–0–8–602). 

4 ‘‘Federal Aviation Insurance Revolving 

5 Fund (69–4120–0–3–402). 

6 ‘‘Federal Crop Insurance Corporation 

7 Fund (12–4085–0–3–351). 

8 ‘‘Federal Emergency Management Agency, 

9 National Flood Insurance Fund (58–4236–0– 

10 3–453). 

11 ‘‘Federal Home Loan Mortgage Corpora12 tion (Freddie Mac). 

13 ‘‘Federal National Mortgage Corporation 

14 (Fannie Mae). 

15 ‘‘Geothermal resources development fund 

16 (89–0206–0–1–271). 

17 ‘‘Low-Rent Public Housing—Loans and 

18 Other Expenses (86–4098–0–3–604). 

19 ‘‘Maritime Administration, War Risk In20 surance Revolving Fund (69–4302–0–3–403). 

21 ‘‘Natural Resource Damage Assessment 

22 Fund (14–1618–0–1–302). 

23 ‘‘Overseas Private Investment Corporation, 

24 Noncredit Account (71–4184–0–3–151). 


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HR 4154 PCS 

1 ‘‘Pension Benefit Guaranty Corporation 

2 Fund (16–4204–0–3–601). 

3 ‘‘San Joaquin Restoration Fund (14– 

4 5537–0–2–301). 

5 ‘‘Servicemembers’ Group Life Insurance 

6 Fund (36–4009–0–3–701). 

7 ‘‘Terrorism Insurance Program (20–0123– 

8 0–1–376). 

9 ‘‘(h) LOW-INCOME PROGRAMS.—The following pro10 grams shall be exempt from reduction under any order 

11 issued under this part: 

12 ‘‘Academic Competitiveness/Smart Grant Pro13 gram (91–0205–0–1–502). 

14 ‘‘Child Care Entitlement to States (75–1550– 

15 0–1–609). 

16 ‘‘Child Enrollment Contingency Fund (75– 

17 5551–0–2–551). 

18 ‘‘Child Nutrition Programs (with the exception 

19 of special milk programs) (12–3539–0–1–605). 

20 ‘‘Children’s Health Insurance Fund (75–0515– 

21 0–1–551). 

22 ‘‘Commodity Supplemental Food Program (12– 

23 3507–0–1–605). 

24 ‘‘Contingency Fund (75–1522–0–1–609). 


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HR 4154 PCS 

1 ‘‘Family Support Programs (75–1501–0–1– 

2 609). 

3 ‘‘Federal Pell Grants under section 401 Title 

4 IV of the Higher Education Act. 

5 ‘‘Grants to States for Medicaid (75–0512–0–1– 

6 551). 

7 ‘‘Payments for Foster Care and Permanency 

8 (75–1545–0–1–609). 

9 ‘‘Supplemental Nutrition Assistance Program 

10 (12–3505–0–1–605). 

11 ‘‘Supplemental Security Income Program (28– 

12 0406–0–1–609). 

13 ‘‘Temporary Assistance for Needy Families 

14 (75–1552–0–1–609).’’. 

15 (d) ECONOMIC RECOVERY PROGRAMS.—Section 255 

16 of BBEDCA is amended by adding the following after 

17 subsection (h): 

18 ‘‘(i) ECONOMIC RECOVERY PROGRAMS.—The fol19 lowing programs shall be exempt from reduction under 

20 any order issued under this part: 

21 ‘‘All programs enacted in, or increases in pro22 grams provided by, the American Recovery and Re23 investment Act of 2009. 


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HR 4154 PCS 

1 ‘‘Exchange Stabilization Fund-Money Market 

2 Mutual Fund Guaranty Facility (20–4274–0–3– 

3 376). 

4 ‘‘Financial Stabilization Reserve (20–0131–4– 

5 1–376). 

6 ‘‘GSE Mortgage-Backed Securities Purchase 

7 Program Account (20–0126–0–1–371). 

8 ‘‘GSE Preferred Stock Purchase Agreements 

9 (20–0125–0–1–371). 

10 ‘‘Office of Financial Stability (20–0128–0–1– 

11 376). 

12 ‘‘Special Inspector General for the Troubled 

13 Asset Relief Program (20–0133–0–1–376). 

14 ‘‘Troubled Asset Relief Program Account (20– 

15 0132–0–1–376). 

16 ‘‘Troubled Asset Relief Program Equity Pur17 chase Program (20–0134–0–1–376). 

18 ‘‘Troubled Asset Relief Program, Home Afford19 able Modification Program (20–0136–0–1–604).’’. 

Passed the House of Representatives December 3, 

2009. 

Attest: LORRAINE C. MILLER, 

Clerk. 


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Calendar No. 253 

111TH CONGRESS 

2D SESSION H. R. 4154 

AN ACT 

To amend the Internal Revenue Code of 1986 to 

purposes. annual, automatic sequestration, and for other spending legislation, enforced by the threat of budget neutrality on new tax and mandatory and update the Pay-As-You-Go requirement of tax with a $3,500,000 exemption, to reinstitute would benefit from repeal, to retain the estate pliance burdens on many more estates than prevent tax increases and the imposition of comrepeal the new carryover basis rules in order to 

JANUARY 20, 2010 

Read the second time and placed on the calendar 


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