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(5) The Departments of Labor, Health and
Human Services, and Education, and related agen-
cies.
(6) The Departments of Veterans and Housing
and Urban Development, and sundry independent
agencies, boards, commissions, corporations, and of-
fices.
(7) Energy and water development.
(8) Foreign assistance and related programs.
(9) The Department of the Interior and related
agencies.
(10) Military construction.
(11) The Department of Transportation and re-
lated agencies.
(12) The Treasury Department, the U.S. Postal
Service, the Executive Office of the President, and cer-
tain independent agencies.
(13) The legislative branch.
TITLE VIII—DEPOSITORY INSTITUTION
DISASTER RELIEF
SEC. 801. SHORT TITLE.
This title may be cited as the ‘‘Depository Institution
Disaster Relief Act of 1997’’.
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SEC. 802. TRUTH IN LENDING ACT; EXPEDITED FUNDS
AVAILABILITY ACT.
(a) TRUTH IN LENDING ACT.—During the 180-day pe-
riod beginning on the date of enactment of this Act, the
Board may make exceptions to the Truth in Lending Act
(15 U.S.C. 1601 et seq.) for transactions within an area
in which the President, pursuant to section 401 of the Rob-
ert T. Stafford Disaster Relief and Emergency Assistance
Act (42 U.S.C. 5121 et seq.), has determined that a major
disaster exists, or within an area determined to be eligible
for disaster relief under other Federal law by reason of dam-
age related to the 1997 flooding of the Red River of the
North and its tributaries, if the Board determines that the
exception can reasonably be expected to alleviate hardships
to the public resulting from such disaster that outweigh pos-
sible adverse effects.
(b) EXPEDITED FUNDS AVAILABILITY ACT.—During
the 180-day period beginning on the date of enactment of
this Act, the Board may make exceptions to the Expedited
Funds Availability Act (12 U.S.C. 4001 et seq.) for deposi-
tory institution offices located within any area referred to
in subsection (a) if the Board determines that the exception
can reasonably be expected to alleviate hardships to the pub-
lic resulting from such disaster that outweigh possible ad-
verse effects.
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(c) TIME LIMIT
ON EXCEPTIONS.—Any exception
made under this section shall expire not later than the ear-
lier of—
(1) 1 year after the date of enactment of this Act;
or
(2) 1 year after the date of any determination
referred to in subsection (a).
(d) PUBLICATION REQUIRED.—Not later than 60 days
after the date of a determination under subsection (a), the
Board shall publish in the Federal Register a statement
that—
(1) describes the exception made under this sec-
tion; and
(2) explains how the exception can reasonably be
expected to produce benefits to the public that out-
weigh possible adverse effects.
SEC. 803. DEPOSIT OF INSURANCE PROCEEDS.
The appropriate Federal banking agency may, by
order, permit an insured depository institution, during the
18-month period beginning on the date of enactment of this
Act, to subtract from the institution’s total assets, in cal-
culating compliance with the leverage limit prescribed
under section 38 of the Federal Deposit Insurance Act (12
U.S.C. 1831o), an amount not exceeding the qualifying
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amount attributable to insurance proceeds, if the agency de-
termines that—
(1) the institution—
(A) had its principal place of business with-
in an area in which the President, pursuant to
section 401 of the Robert T. Stafford Disaster
Relief and Emergency Assistance Act, has deter-
mined that a major disaster exists, or within an
area determined to be eligible for disaster relief
under other Federal law by reason of damage re-
lated to the 1997 flooding of the Red River of the
North and its tributaries, on the day before the
date of any such determination;
(B) derives more than 60 percent of its total
deposits from persons who normally reside with-
in, or whose principal place of business is nor-
mally within, areas of intense devastation caused
by the major disaster;
(C) was adequately capitalized (as defined
in section 38 of the Federal Deposit Insurance
Act (12 U.S.C. 1831o)) before the major disaster;
and
(D) has an acceptable plan for managing
the increase in its total assets and total deposits;
and
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(2) the subtraction is consistent with the purpose
of section 38 of the Federal Deposit Insurance Act (12
U.S.C. 1831o).
SEC. 804. BANKING 
AGENCY 
PUBLICATION 
REQUIRE-
MENTS.
(a) IN GENERAL.—During the 180-day period begin-
ning on the date of enactment of this Act, a qualifying regu-
latory agency may take any of the following actions with
respect to depository institutions or other regulated entities
whose principal place of business is within, or with respect
to transactions or activities within, an area in which the
President, pursuant to section 401 of the Robert T. Stafford
Disaster Relief and Emergency Assistance Act, has deter-
mined that a major disaster exists, or within an area deter-
mined to be eligible for disaster relief under other Federal
law by reason of damage related to the 1997 flooding of
the Red River of the North and its tributaries, if the agency
determines that the action would facilitate recovery from
the major disaster:
(1) PROCEDURE.—Exercise the agency’s author-
ity under provisions of law other than this section
without complying with—
(A) any requirement of section 553 of title
5, United States Code; or
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(B) any provision of law that requires no-
tice or opportunity for hearing or sets maximum
or minimum time limits with respect to agency
action.
(2) PUBLICATION REQUIREMENTS.—Make excep-
tions, with respect to institutions or other entities for
which the agency is the primary Federal regulator,
to—
(A) any publication requirement with re-
spect to establishing branches or other deposit-
taking facilities; or
(B) any similar publication requirement.
(b) PUBLICATION REQUIRED.—Not later than 90 days
after the date of an action under this section, a qualifying
regulatory agency shall publish in the Federal Register a
statement that—
(1) describes the action taken under this section;
and
(2) explains the need for the action.
(c) QUALIFYING REGULATORY AGENCY DEFINED.—
For purposes of this section, the term ‘‘qualifying regulatory
agency’’ means—
(1) the Board;
(2) the Office of the Comptroller of the Currency;
(3) the Office of Thrift Supervision;
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(4) the Federal Deposit Insurance Corporation;
(5) the Federal Financial Institutions Examina-
tion Council;
(6) the National Credit Union Administration;
and
(7) with respect to chapter 53 of title 31, United
States Code, the Secretary of the Treasury.
SEC. 805. SENSE OF THE CONGRESS.
It is the sense of the Congress that each Federal finan-
cial institutions regulatory agency should, by regulation or
order, make exceptions to the appraisal standards pre-
scribed by title XI of the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989 (12 U.S.C. 3331
et seq.) for transactions involving institutions for which the
agency is the primary Federal regulator with respect to real
property located within a disaster area pursuant to section
1123 of the Financial Institutions Reform, Recovery, and
Enforcement Act of 1989 (12 U.S.C. 3352), if the agency
determines that the exceptions can reasonably be expected
to alleviate hardships to the public resulting from such dis-
aster that outweigh possible adverse effects.
SEC. 806. OTHER AUTHORITY NOT AFFECTED.
Nothing in this title limits the authority of any de-
partment or agency under any other provision of law.
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SEC. 807. DEFINITIONS.
For purposes of this title, the following definitions
shall apply:
(1) APPROPRIATE FEDERAL BANKING AGENCY.—
The term ‘‘appropriate Federal banking agency’’ has
the same meaning as in section 3 of the Federal De-
posit Insurance Act (12 U.S.C. 1813).
(2) BOARD.—The term ‘‘Board’’ means the
Board of Governors of the Federal Reserve System.
(3) FEDERAL
FINANCIAL
INSTITUTIONS
REGU-
LATORY AGENCY.—The term ‘‘Federal financial insti-
tutions regulatory agency’’ has the same meaning as
in section 1121 of the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989 (12 U.S.C.
3350).
(4) INSURED
DEPOSITORY
INSTITUTION.—The
term ‘‘insured depository institution’’ has the same
meaning as in section 3 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1813).
(5) LEVERAGE
LIMIT.—The term ‘‘leverage
limit’’ has the same meaning as in section 38 of the
Federal Deposit Insurance Act (12 U.S.C. 1831o).
(6) QUALIFYING AMOUNT ATTRIBUTABLE TO IN-
SURANCE PROCEEDS.—The term ‘‘qualifying amount
attributable to insurance proceeds’’ means the amount
(if any) by which the institution’s total assets exceed
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the institution’s average total assets during the cal-
endar quarter ending before the date of any deter-
mination referred to in section 803(1)(A), because of
the deposit of insurance payments or governmental
assistance made with respect to damage caused by, or
other costs resulting from, the major disaster.
TITLE IX—TECHNICAL AMENDMENTS WITH
RESPECT TO EDUCATION
SEC. 901. TECHNICAL AMENDMENTS RELATING TO DISCLO-
SURES REQUIRED WITH RESPECT TO GRAD-
UATION RATES.
(a) AMENDMENTS.—Section 485 of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1092) is amended—
(1) in subsection (a)(3)(B), by striking ‘‘June
30’’ and inserting ‘‘August 31’’; and
(2) in subsection (e)(9), by striking ‘‘August 30’’
and inserting ‘‘August 31’’.
(b) EFFECTIVE DATES.—
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by subsection (a)
are effective upon enactment.
(2) INFORMATION DISSEMINATION.—No institu-
tion shall be required to comply with the amendment
made by subsection (a)(1) before July 1, 1998.
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SEC. 902. DATE EXTENSION.
Section 1501(a)(4) of the Elementary and Secondary
Education Act of 1965 (20 U.S.C. 6491(a)(4)) is amended
by striking ‘‘January 1, 1998’’ and inserting ‘‘January 1,
1999’’.
SEC. 903. TIMELY FILING OF NOTICE.
Notwithstanding any other provision of law, the Sec-
retary of Education shall deem Kansas and New Mexico
to have timely submitted under section 8009(c)(1) of the
Elementary and Secondary Education Act of 1965 (20
U.S.C. 7709(c)(1)) the States’ written notices of intent to
consider payments described in section 8009(b)(1) of the Act
(20 U.S.C. 7709(b)(1)) in providing State aid to local edu-
cational agencies for school year 1997-1998, except that the
Secretary may require the States to submit such additional
information as the Secretary may require, which informa-
tion shall be considered part of the notices.
SEC. 904. HOLD HARMLESS PAYMENTS.
Section 8002(h)(1) of the Elementary and Secondary
Education Act of 1965 (20 U.S.C. 7702(h)(1)) is amend-
ed—
(1) in subparagraph (A), by striking ‘‘or’’ after
the semicolon;
(2) in subparagraph (B), by striking the period
and inserting ‘‘; and’’; and
(3) by adding at the end the following:
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‘‘(C) for fiscal year 1997 and each succeed-
ing fiscal year through fiscal year 2000 shall not
be less than 85 percent of the amount such agen-
cy received for fiscal year 1996 under subsection
(b).’’.
SEC. 905. DATA.
(a) IN GENERAL.—Section 8003(f)(4) of the Elemen-
tary and Secondary Education Act of 1965 (20 U.S.C.
7703(f)(4)) is amended—
(1) in subparagraph (A)—
(A) by inserting ‘‘expenditure,’’ after ‘‘reve-
nue,’’; and
(B) by striking the semicolon and inserting
a period;
(2) by striking ‘‘the Secretary’’ and all that fol-
lows through ‘‘shall use’’ and inserting ‘‘the Secretary
shall use’’; and
(3) by striking subparagraph (B).
(b) EFFECTIVE DATE.—The amendments made by sub-
section (a) shall apply with respect to fiscal years after fis-
cal year 1997.
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TITLE X—FOOD STAMP PROGRAM
STATE OPTION TO ISSUE FOOD STAMP BENEFITS
TO
CERTAIN INDIVIDUALS MADE INELIGIBLE BY WEL-
FARE REFORM
SEC. 1001. Section 7 of the Food Stamp Act of 1977
(7 U.S.C. 2016) is amended by—
(1) inserting in subsection (a) after ‘‘necessary,
and’’, ‘‘except as provided in subsection (j)’’, and
(2) inserting a new subsection (j) as follows:
‘‘(j)(1) A State agency may, with the concurrence of
the Secretary, issue coupons to individuals who are ineli-
gible to participate in the food stamp program solely be-
cause of the provisions of section 6(o)(2) of this Act or sec-
tions 402 and 403 of the Personal Responsibility and Work
Opportunity Act of 1996. A State agency that issues cou-
pons under this subsection shall pay the Secretary the face
value of the coupons issued under this subsection and the
cost of printing, shipping, and redeeming the coupons, as
well as any other Federal costs involved, as determined by
the Secretary. A State agency shall pay the Secretary for
coupons issued under this subsection and for the associated
Federal costs issued under this subsection no later than the
time the State agency issues such coupons to recipients. In
making payments, the State agency shall comply with pro-
cedures developed by the Secretary. Notwithstanding section
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3302(b) of title 31, United States Code, payments received
by the Secretary for such coupons and for the associated
Federal costs shall be credited to the food stamp program
appropriation account or the account from which such asso-
ciated costs were drawn, as appropriate, for the fiscal year
in which the payment is received. The State agency shall
comply with reporting requirements established by the Sec-
retary.
‘‘(2) A State agency that issues coupons under this
subsection shall submit a plan, subject to the approval of
the Secretary, describing the conditions under which cou-
pons will be issued, including, but not limited to, eligibility
standards, benefit levels, and the methodology the State will
use to determine amounts owed the Secretary.
‘‘(3) A State agency shall not issue benefits under this
subsection—
‘‘(A) to individuals who have been made ineli-
gible under any provision of section 6 of this Act
other than section 6(o)(2); or
‘‘(B) in any area of the State where an electronic
benefit transfer system has been implemented.
‘‘(4) The value of coupons provided under this sub-
section shall not be considered income or resources for any
purpose under any Federal laws, including, but not limited
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to, laws relating to taxation, welfare, and public assistance
programs.
‘‘(5) Any sanction, disqualification, fine or other pen-
alty prescribed in Federal law, including, but not limited
to, sections 12 and 15 of this Act, shall apply to violations
in connection with any coupon or coupons issued pursuant
to this subsection.
‘‘(6) Administrative and other costs associated with the
provision of coupons under this subsection shall not be eligi-
ble for reimbursement or any other form of Federal funding
under section 16 or any other provision of this Act.
‘‘(7) That portion of a household’s allotment issued
pursuant to this subsection shall be excluded from any sam-
ple taken for purposes of making any determination under
the system of enhanced payment accuracy established in sec-
tion 16(c).’’.
CONFORMING AMENDMENT
SEC. 1002. Section 17(b)(I)(B)(iv) of the Food Stamp
Act of 1977 is amended by—
(1) striking ‘‘or’’ in subclause (V);
(2) striking the period at the end of subclause
(VI) and inserting ‘‘; or’’; and
(3) inserting a new subclause (VII) as follows—
‘‘(VII) waives a provision of section 7(j).’’.
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This Act may be cited as the ‘‘Supplemental Appro-
priations and Rescissions Act of 1997’’.
Passed the House of Representatives May 15, 1997.
Attest:
ROBIN H. CARLE,
Clerk.
Passed the Senate May 16, 1997.
Attest:
GARY SISCO,
Secretary.