datamatters24/research-document-archive huggingface dataset:
I 
109TH CONGRESS 
2D SESSION 
H. R. 5262 
To amend the Internal Revenue Code of 1986 to provide tax incentives 
for the payment of premiums for high deductible health plans, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 2, 2006 
Mr. CANTOR (for himself, Mr. SAM JOHNSON of Texas, Mr. HERGER, Mrs. 
BLACKBURN, Mr. BURGESS, Mr. PRICE of Georgia, and Mr. CAMP) intro-
duced the following bill; which was referred to the Committee on Ways 
and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
tax incentives for the payment of premiums for high 
deductible health plans, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE, ETC. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Tax Free Health Savings Act of 2006’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title, etc. 
Sec. 2. Deduction of premiums for high deductible health plans. 
VerDate Aug 31 2005 
08:13 May 03, 2006
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6211
E:\BILLS\H5262.IH
H5262
cprice-sewell on PROD1PC66 with BILLS
Sec. 3. Credit for certain employment taxes paid with respect to premiums for 
high deductible health plans and contributions to health sav-
ings accounts. 
Sec. 4. Refundable credit for health insurance coverage under high deductible 
health plan. 
Sec. 5. Advance payment of credit as premium payment for high deductible 
health insurance. 
Sec. 6. Increase in contribution limits for health savings accounts. 
Sec. 7. Health reimbursement arrangements and spending arrangements in 
combination with health savings accounts. 
Sec. 8. Certain expenses treated as qualified medical expenses. 
Sec. 9. Exception to requirement for employers to make comparable health sav-
ings account contributions. 
SEC. 2. DEDUCTION OF PREMIUMS FOR HIGH DEDUCTIBLE 
HEALTH PLANS. 
(a) IN GENERAL.—Part VII of subchapter B of chap-
ter 1 of the Internal Revenue Code of 1986 (relating to 
additional itemized deductions for individuals) is amended 
by redesignating section 224 as section 225 and by insert-
ing after section 223 the following new section: 
‘‘SEC. 224. PREMIUMS FOR HIGH DEDUCTIBLE HEALTH 
PLANS. 
‘‘(a) DEDUCTION ALLOWED.—In the case of an indi-
vidual, there shall be allowed as a deduction for the tax-
able year the aggregate amount paid by the taxpayer as 
premiums under a high deductible health plan with respect 
to months during such year for which such individual is 
an eligible individual with respect to such health plan. 
‘‘(b) DEFINITIONS.—For purposes of this section— 
‘‘(1) ELIGIBLE INDIVIDUAL.—The term ‘eligible 
individual’ means an individual who— 
‘‘(A) is described in section 223(c)(1), and 
VerDate Aug 31 2005 
08:13 May 03, 2006
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5262.IH
H5262
cprice-sewell on PROD1PC66 with BILLS
I 
109TH CONGRESS 
2D SESSION 
H. R. 5024 
To require annual oral testimony before the Financial Services Committee 
of the Chairperson or a designee of the Chairperson of the Securities 
and Exchange Commission, the Financial Accounting Standards Board, 
and the Public Company Accounting Oversight Board, relating to their 
efforts to promote transparency in financial reporting. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 28, 2006 
Mr. DAVIS of Kentucky (for himself, Mr. SCOTT of Georgia, and Mr. ISRAEL) 
introduced the following bill; which was referred to the Committee on Fi-
nancial Services 
A BILL 
To require annual oral testimony before the Financial Serv-
ices Committee of the Chairperson or a designee of the 
Chairperson of the Securities and Exchange Commission, 
the Financial Accounting Standards Board, and the Pub-
lic Company Accounting Oversight Board, relating to 
their efforts to promote transparency in financial report-
ing. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
VerDate Aug 31 2005 
23:56 Mar 29, 2006
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5024.IH
H5024
HMOORE on PROD1PC68 with HMBILLS
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Promoting Trans-
parency in Financial Reporting Act of 2006’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) Transparent and clear financial reporting is 
integral to the continued growth and strength of our 
capital markets and the confidence of investors. 
(2) The increasing detail and volume of ac-
counting, auditing, and reporting guidance pose a 
major challenge to the quality and transparency of 
financial reporting. 
(3) The complexity of accounting and auditing 
standards in the United States has added to the 
costs and effort involved in financial reporting. 
SEC. 3. ANNUAL TESTIMONY ON REDUCING COMPLEXITY IN 
FINANCIAL REPORTING. 
The Securities and Exchange Commission, the Fi-
nancial Accounting Standards Board, and the Public 
Company Accounting Oversight Board shall annually pro-
vide oral testimony by their respective Chairpersons or a 
designee of the Chairperson, beginning in 2007, and for 
5 years thereafter, to the Committee on Financial Services 
of the House of Representatives on their efforts to reduce 
the complexity in financial reporting to provide more accu-
VerDate Aug 31 2005 
23:56 Mar 29, 2006
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5024.IH
H5024
HMOORE on PROD1PC68 with HMBILLS
rate and clear financial information to investors, includ-
ing— 
(1) reassessing complex and outdated account-
ing standards; 
(2) improving the understandability, consist-
ency, and overall usability of the existing accounting 
and auditing literature; 
(3) 
developing 
principles-based 
accounting 
standards; 
(4) encouraging the use and acceptance of 
interactive data; and 
(5) promoting disclosures in ‘‘plain English’’. 
Æ 
VerDate Aug 31 2005 
23:56 Mar 29, 2006
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\H5024.IH
H5024
HMOORE on PROD1PC68 with HMBILLS
IIB 
109TH CONGRESS 
2D SESSION 
H. R. 5024 
IN THE SENATE OF THE UNITED STATES 
JULY 26, 2006 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To require annual oral testimony before the Financial Serv-
ices Committee of the Chairperson or a designee of the 
Chairperson of the Securities and Exchange Commission, 
the Financial Accounting Standards Board, and the Pub-
lic Company Accounting Oversight Board, relating to 
their efforts to promote transparency in financial report-
ing. 
VerDate Aug 31 2005 
01:09 Jul 27, 2006
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H5024.RFS
H5024
jcorcoran on PROD1PC62 with BILLS
HR 5024 RFS 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Promoting Trans-
parency in Financial Reporting Act of 2006’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) Transparent and clear financial reporting is 
integral to the continued growth and strength of our 
capital markets and the confidence of investors. 
(2) The increasing detail and volume of ac-
counting, auditing, and reporting guidance pose a 
major challenge. 
(3) The complexity of accounting and auditing 
standards in the United States has added to the 
costs and effort involved in financial reporting. 
SEC. 3. ANNUAL TESTIMONY ON REDUCING COMPLEXITY IN 
FINANCIAL REPORTING. 
The Securities and Exchange Commission, the Fi-
nancial Accounting Standards Board, and the Public 
Company Accounting Oversight Board shall annually pro-
vide oral testimony by their respective Chairpersons or a 
designee of the Chairperson, beginning in 2007, and for 
5 years thereafter, to the Committee on Financial Services 
of the House of Representatives on their efforts to reduce 
VerDate Aug 31 2005 
01:09 Jul 27, 2006
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5024.RFS
H5024
jcorcoran on PROD1PC62 with BILLS
HR 5024 RFS 
the complexity in financial reporting to provide more accu-
rate and clear financial information to investors, includ-
ing— 
(1) reassessing complex and outdated account-
ing standards; 
(2) improving the understandability, consist-
ency, and overall usability of the existing accounting 
and auditing literature; 
(3) 
developing 
principles-based 
accounting 
standards; 
(4) encouraging the use and acceptance of 
interactive data; and 
(5) promoting disclosures in ‘‘plain English’’. 
Passed the House of Representatives July 25, 2006. 
Attest: 
KAREN L. HAAS, 
Clerk. 
VerDate Aug 31 2005 
01:09 Jul 27, 2006
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5024.RFS
H5024
jcorcoran on PROD1PC62 with BILLS
110TH CONGRESS 
1ST SESSION 
H. R. 342
AN ACT 
To designate the United States courthouse located at 555 
Independence Street in Cape Girardeau, Missouri, as the 
‘‘Rush Hudson Limbaugh, Sr. United States Court-
house’’.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
I 
110TH CONGRESS 
1ST SESSION 
H. R. 342 
To designate the United States courthouse located at 555 Independence 
Street, Cape Girardeau, Missouri, as the ‘‘Rush Hudson Limbaugh, Sr., 
United States Courthouse’’. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 9, 2007 
Mrs. EMERSON (for herself, Mr. AKIN, Mr. BLUNT, Mr. CARNAHAN, Mr. 
CLAY, Mr. CLEAVER, Mr. GRAVES, and Mr. HULSHOF) introduced the 
following bill; which was referred to the Committee on Transportation 
and Infrastructure 
A BILL 
To designate the United States courthouse located at 555 
Independence Street, Cape Girardeau, Missouri, as the 
‘‘Rush Hudson Limbaugh, Sr., United States Court-
house’’. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. RUSH HUDSON LIMBAUGH, SR., FEDERAL 
COURTHOUSE. 
(a) DESIGNATION.—The United States courthouse 
located at 555 Independence Street, Cape Girardeau, Mis-
VerDate Aug 31 2005 
23:41 Jan 12, 2007
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H342.IH
H342
pwalker on PROD1PC71 with BILLS
IB 
Union Calendar No. 578 
110TH CONGRESS 
2D SESSION 
H. R. 6589 
[Report No. 110–896, Part I] 
To provide financial support for the operation of the law library of the 
Library of Congress, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 23, 2008 
Ms. ZOE LOFGREN of California (for herself and Mr. DANIEL E. LUNGREN 
of California) introduced the following bill; which was referred to the 
Committee on House Administration, and in addition to the Committee 
on Transportation and Infrastructure, for a period to be subsequently de-
termined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
SEPTEMBER 27, 2008 
Reported from the Committee on House Administration with an amendment 
[Omit the part struck through and insert the part printed in italic] 
SEPTEMBER 27, 2008 
Committee on Transportation and Infrastructure discharged; committed to the 
Committee of the Whole House on the State of the Union and ordered 
to be printed 
A BILL 
To provide financial support for the operation of the law 
library of the Library of Congress, and for other purposes. 
VerDate Aug 31 2005 
00:37 Sep 28, 2008
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H6589.RH
H6589
rfrederick on PROD1PC67 with BILLS
874 
HR 3221 PCS
and scope of State level data, as well as in exploring ways 
to address data needs and serve data uses. 
(d) ASSESSMENT OF STATE DATA NEEDS.—The Ad-
ministrator shall provide an assessment of these State- 
level data needs to the Congress not later than 1 year after 
the date of enactment of this Act, detailing a plan to ad-
dress the needs identified. 
(e) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Administrator for 
carrying out this section, in addition to any other author-
izations— 
(1) $10,000,000 for fiscal year 2008; 
(2) $10,000,000 for fiscal year 2009; 
(3) $10,000,000 for fiscal year 2010; 
(4) $15,000,000 for fiscal year 2011; 
(5) $20,000,000 for fiscal year 2012; and 
(6) such sums as are necessary for subsequent 
fiscal years. 
Subtitle G—Natural Gas Utilities 
SEC. 9511. NATURAL GAS UTILITIES. 
(a) IN GENERAL.—Section 303(b) of the Public Util-
ity Regulatory Policies Act of 1978 (15 U.S.C. 3203(b)) 
is amended by adding at the end the following: 
‘‘(5) ENERGY EFFICIENCY.—Each natural gas 
utility shall— 
VerDate Aug 31 2005 
04:23 Sep 06, 2007
Jkt 059200
PO 00000
Frm 00874
Fmt 6652
Sfmt 6201
E:\BILLS\H3221.PCS
H3221
bajohnson on PROD1PC77 with BILLS
ing to monthly limitation) is amended to read as fol-
lows: 
‘‘(2) MONTHLY LIMITATION.— 
‘‘(A) IN GENERAL.—In the case of an eligi-
ble individual who has coverage under a high 
deductible health plan, the monthly limitation 
for any month of such coverage is 1⁄12 of the 
lesser of— 
‘‘(i) the sum of the annual deductible 
and the other annual out-of-pocket ex-
penses (other than for premiums) required 
to be paid under the plan by the eligible 
individual for covered benefits, or 
‘‘(ii) in the case of an eligible indi-
vidual with— 
‘‘(I) self-only coverage, the dollar 
amount in effect under subclause (I) 
of subsection (c)(2)(A)(ii), or 
‘‘(II) family coverage, the dollar 
amount in effect under subclause (II) 
of subsection (c)(2)(A)(ii). 
‘‘(B) SPECIAL RULES RELATING TO OUT- 
OF-POCKET EXPENSES.— 
‘‘(i) 
REDUCTION
FOR
SEPARATE 
PLAN.—The annual out-of-pocket expenses 
VerDate Aug 31 2005 
08:13 May 03, 2006
Jkt 049200
PO 00000
Frm 00029
Fmt 6652
Sfmt 6201
E:\BILLS\H5262.IH
H5262
cprice-sewell on PROD1PC66 with BILLS
I 
110TH CONGRESS 
1ST SESSION H. R. 4621 
To extend the temporary suspension of duty on a certain chemical. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 13, 2007 
Mr. ENGLISH of Pennsylvania introduced the following bill; which was referred 
to the Committee on Ways and Means 
A BILL 
To extend the temporary suspension of duty on a certain 
chemical. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. A CERTAIN CHEMICAL. 
(a) IN GENERAL.—Heading 9902.22.11 of the Har-
monized Tariff Schedule of the United States is amended 
by striking ‘‘12/31/2009’’ and inserting ‘‘12/31/2011’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) applies with respect to goods entered, or 
withdrawn from warehouse for consumption, on or after 
the 15th day after the date of the enactment of this Act. 
Æ 
VerDate Aug 31 2005 
22:20 Dec 16, 2007
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6301
E:\BILLS\H4621.IH
H4621
jlentini on PROD1PC65 with BILLS
taken into account under subparagraph 
(A)(i) with respect to any eligible indi-
vidual shall be reduced by any out-of-pock-
et expense payable under a separate plan 
covering the individual. 
‘‘(ii) SECRETARIAL AUTHORITY.—The 
Secretary may by regulations provide that 
annual out-of-pocket expenses will not be 
taken into account under subparagraph 
(A)(i) to the extent that there is only a re-
mote likelihood that such amounts will be 
required to be paid.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 223(b)(3)(A) of such Code is 
amended by striking ‘‘subparagraphs (A) and 
(B) of’’. 
(B) Section 223(d)(1)(A)(ii)(I) of such 
Code is amended by striking ‘‘subsection 
(b)(2)(B)(ii)’’ 
and 
inserting 
‘‘subsection 
(c)(2)(A)(ii)(II)’’. 
(C) Section 223(c)(2)(D)(ii) of such Code 
is amended to read as follows: 
‘‘(ii) CERTAIN
ITEMS
DISREGARDED 
IN
COMPUTING
MONTHLY
LIMITATION.— 
Such plan’s annual deductible, and such 
VerDate Aug 31 2005 
08:13 May 03, 2006
Jkt 049200
PO 00000
Frm 00030
Fmt 6652
Sfmt 6201
E:\BILLS\H5262.IH
H5262
cprice-sewell on PROD1PC66 with BILLS
I 
110TH CONGRESS 
1ST SESSION H. R. 4622 
To extend the temporary suspension of duty on a certain chemical. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 13, 2007 
Mr. ENGLISH of Pennsylvania introduced the following bill; which was referred 
to the Committee on Ways and Means 
A BILL 
To extend the temporary suspension of duty on a certain 
chemical. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. A CERTAIN CHEMICAL. 
(a) IN GENERAL.—Heading 9902.11.79 of the Har-
monized Tariff Schedule of the United States is amended 
by striking ‘‘12/31/2009’’ and inserting ‘‘12/31/2011’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) applies with respect to goods entered, or 
withdrawn from warehouse for consumption, on or after 
the 15th day after the date of the enactment of this Act. 
Æ 
VerDate Aug 31 2005 
22:20 Dec 16, 2007
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6301
E:\BILLS\H4622.IH
H4622
jlentini on PROD1PC65 with BILLS
SEC. 2. SALE OR TRADE OF PRESCRIPTION DRUGS KNOW-
INGLY CAUSED TO BE ADULTERATED OR MIS-
BRANDED; 
MISREPRESENTATION 
AS 
AP-
PROVED DRUGS. 
(a) CRIMINAL PENALTY.—Section 303(a) of the Fed-
eral Food, Drug, and Cosmetic Act (21 U.S.C. 333(a)) 
is amended by adding at the end the following paragraphs: 
‘‘(3) Notwithstanding paragraph (1) or (2), in the 
case of a person who violates section 301(a), 301(b), or 
301(c) with respect to a drug that is subject to section 
503(b)(1)(B), if the person knowingly caused the drug to 
be adulterated or misbranded and sells or trades the drug, 
or the person purchases or trades for the drug knowing 
or having reason to know that the drug was knowingly 
caused to be adulterated or misbranded, the person shall 
be fined in accordance with title 18, United States Code, 
or imprisoned for any term of years or for life, or both. 
‘‘(4) Notwithstanding paragraph (1) or (2), in the 
case of a person who violates section 301(d) with respect 
to a drug, if the person caused the drug to be misrepre-
sented as a drug that is subject to section 503(b)(1)(B) 
and for which an approved application is in effect under 
section 505 and the person sells or trades the drug, or 
the person purchases or trades for the drug knowing or 
having reason to know that the drug was knowingly 
caused to be so misrepresented, the person shall be fined 
VerDate Aug 31 2005 
21:37 Nov 06, 2007
Jkt 069200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H4076.IH
H4076
hsrobinson on PROD1PC76 with BILLS
109TH CONGRESS 
2D SESSION 
H. R. 5026
AN ACT 
To designate the Investigations Building of the Food and 
Drug Administration located at 466 Fernandez Juncos 
Avenue in San Juan, Puerto Rico, as the ‘‘Andres Toro 
Building’’.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. DESIGNATION. 
The Investigations Building of the Food and Drug 
Administration located at 466 Fernandez Juncos Avenue 
in San Juan, Puerto Rico, shall be known and designated 
as the ‘‘Andre´s Toro Building’’. 
SEC. 2. REFERENCES. 
Any reference in a law, map, regulation, document, 
paper, or other record of the United States to the Federal 
building referred to in section 1 shall be deemed to be 
a reference to the ‘‘Andre´s Toro Building’’. 
Passed the House of Representatives September 27, 
2006. 
Attest:
Clerk.
109TH CONGRESS 
2D SESSION 
H. R. 5026
AN ACT 
To designate the Investigations Building of the 
Food and Drug Administration located at 466 
Fernandez Juncos Avenue in San Juan, Puerto 
Rico, as the ‘‘Andres Toro Building’’.
875 
HR 3221 PCS
‘‘(A) integrate energy efficiency resources 
into the plans and planning processes of the 
natural gas utility; and 
‘‘(B) adopt policies that establish energy 
efficiency as a priority resource in the plans 
and planning processes of the natural gas util-
ity. 
For purposes of applying the provisions of this sub-
title to this paragraph, any reference in this subtitle 
to the date of enactment of this Act shall be treated 
as a reference to the date of the enactment of this 
paragraph. 
‘‘(6) RATE
POLICY
MODIFICATIONS
TO
PRO-
MOTE ENERGY EFFICIENCY INVESTMENTS.— 
‘‘(A) IN GENERAL.—The rates allowed to 
be charged by a natural gas utility shall align 
utility incentives with the deployment of cost-ef-
fective energy efficiency. 
‘‘(B) POLICY OPTIONS.—In complying with 
subparagraph (A), each State regulatory au-
thority and each nonregulated utility shall con-
sider— 
‘‘(i) ensuring that utilities’ recovery of 
authorized revenues is independent of the 
VerDate Aug 31 2005 
04:23 Sep 06, 2007
Jkt 059200
PO 00000
Frm 00875
Fmt 6652
Sfmt 6201
E:\BILLS\H3221.PCS
H3221
bajohnson on PROD1PC77 with BILLS
H. R. 5026
One Hundred Ninth Congress
of the
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Tuesday, 
the third day of January, two thousand and six 
An Act 
To designate the Investigations Building of the Food and Drug Administration 
located at 466 Fernandez Juncos Avenue in San Juan, Puerto Rico, as the ‘‘Andres 
Toro Building’’.
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. DESIGNATION. 
The Investigations Building of the Food and Drug Administra-
tion located at 466 Fernandez Juncos Avenue in San Juan, Puerto 
Rico, shall be known and designated as the ‘‘Andre´s Toro Building’’. 
SEC. 2. REFERENCES. 
Any reference in a law, map, regulation, document, paper, 
or other record of the United States to the Federal building referred 
to in section 1 shall be deemed to be a reference to the ‘‘Andre´s 
Toro Building’’.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.
‘‘(A) reasonably expected to incur a higher 
level of medical expenses than the majority of 
the employer’s other employees due to a dis-
ease, illness, or other medical condition, and 
‘‘(B) with respect to whom such elevated 
expenses are reasonably expected to continue 
over a period in excess of 1 year.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2006. 
Æ 
VerDate Aug 31 2005 
08:13 May 03, 2006
Jkt 049200
PO 00000
Frm 00042
Fmt 6652
Sfmt 6301
E:\BILLS\H5262.IH
H5262
cprice-sewell on PROD1PC66 with BILLS
credited to such account and available for in-
vestment (after allowing for administrative ex-
penses)—
‘‘(i) the prescribed equities percentage 
is invested in equities in accordance with 
paragraph (4), and 
‘‘(ii) the prescribed fixed income in-
strument percentage is invested in fixed in-
come instruments in accordance with para-
graph (5). 
‘‘(B) PRESCRIBED
PERCENTAGES.—For 
purposes of subparagraph (A)—
‘‘(i) THE
60/40
MANAGEMENT
AC-
COUNT.—In the case of the 60/40 manage-
ment account—
‘‘(I) the prescribed equities per-
centage is 60 percent, and 
‘‘(II) the prescribed fixed income 
instrument percentage is 40 percent. 
‘‘(ii) 
OTHER
MANAGEMENT
AC-
COUNTS.—In the case of any other man-
agement account—
‘‘(I) the prescribed equities per-
centage is a prescribed percentage not 
in excess of 80 percent, and
‘‘(II) the prescribed fixed income 
instrument percentage is the remain-
ing percentage of the amount invested 
in the management account. 
‘‘(3) ELECTION OF MANAGEMENT ACCOUNTS.—
‘‘(A) DEFAULT MANAGEMENT ACCOUNT.—
Except as provided in an election in effect 
under subparagraph (B), amounts held in the 
Tier II Investment Fund shall be credited to 
the 60/40 management account. 
‘‘(B) ELECTION OF TRANSFERS BETWEEN 
MANAGEMENT
ACCOUNTS.—Pursuant to the 
written election, filed in accordance with regula-
tions of the Board and received by the Sec-
retary of the Treasury during an applicable 
election month by a participant who has an 
amount credited to such participant’s part B 
totalization account invested in any of the man-
agement accounts in the Tier II Investment 
Fund, the Secretary of the Treasury shall 
transfer such amount from such account to any 
of the other management accounts in the Tier 
II Investment Fund (whichever is designated in 
such election).