datamatters24/research-document-archive huggingface dataset:
•HR 3221 EAH2 
powers, and duties with respect to the oversight of the 
housing mission and goals of the enterprises, and 
with respect to oversight of the housing finance and 
community and economic development mission of the 
Federal Home Loan Banks, as the Director shall pre-
scribe. 
‘‘(3) CONSIDERATIONS.—In exercising such func-
tions, powers, and duties, the Deputy Director for 
Housing Mission and Goals shall consider the dif-
ferences between the enterprises and the Federal Home 
Loan Banks, including those described in section 
1313(d). 
‘‘(f) ACTING DIRECTOR.—In the event of the death, res-
ignation, sickness, or absence of the Director, the President 
shall designate either the Deputy Director of the Division 
of Enterprise Regulation, the Deputy Director of the Divi-
sion of Federal Home Loan Bank Regulation, or the Deputy 
Director for Housing Mission and Goals, to serve as acting 
Director until the return of the Director, or the appoint-
ment of a successor pursuant to subsection (b). 
‘‘(g) LIMITATIONS.—The Director and each of the Dep-
uty Directors may not— 
‘‘(1) have any direct or indirect financial inter-
est in any regulated entity or entity-affiliated party;
•HR 3221 EAH2 
‘‘(2) hold any office, position, or employment in 
any regulated entity or entity-affiliated party; or 
‘‘(3) have served as an executive officer or direc-
tor of any regulated entity or entity-affiliated party 
at any time during the 3-year period preceding the 
date of appointment or designation of such individual 
as Director or Deputy Director, as applicable.’’. 
SEC. 1102. DUTIES AND AUTHORITIES OF THE DIRECTOR. 
(a) IN GENERAL.—Section 1313 of the Federal Hous-
ing Enterprises Financial Safety and Soundness Act of 
1992 (12 U.S.C. 4513) is amended to read as follows: 
‘‘SEC. 1313. DUTIES AND AUTHORITIES OF DIRECTOR. 
‘‘(a) DUTIES.— 
‘‘(1) PRINCIPAL DUTIES.—The principal duties 
of the Director shall be— 
‘‘(A) to oversee the prudential operations of 
each regulated entity; and 
‘‘(B) to ensure that— 
‘‘(i) each regulated entity operates in a 
safe and sound manner, including mainte-
nance of adequate capital and internal con-
trols; 
‘‘(ii) the operations and activities of 
each regulated entity foster liquid, efficient, 
competitive, and resilient national housing
109TH CONGRESS
1ST SESSION
H. R. 2107
AN ACT
To amend Public Law 104–329 to modify authori-
ties for the use of the National Law Enforcement
Officers Memorial Maintenance Fund, and for
other purposes.
109TH CONGRESS
1ST SESSION
H. R. 2107
AN ACT
To amend Public Law 104–329 to modify authorities for
the use of the National Law Enforcement Officers Me-
morial Maintenance Fund, 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.
This Act may be cited as the ‘‘National Law Enforce-
ment Officers Memorial Maintenance Fund Act of 2005’’.
SEC. 2. COOPERATIVE AGREEMENT WITH RESPECT TO NA-
TIONAL 
LAW 
ENFORCEMENT 
MEMORIAL
MAINTENANCE FUND.
(a) IN GENERAL.—Section 201 of Public Law 104–
329 is amended by adding at the end the following new
subsection:
‘‘(d) COOPERATIVE AGREEMENT.—
‘‘(1) IN GENERAL.—Effective on and after the
date of the enactment of the National Law Enforce-
ment Memorial Maintenance Fund Act of 2005, the
following applies, notwithstanding other provisions of
this Act:
‘‘(A) The Secretary of the Interior, acting
through the National Park Service, shall enter
into a cooperative agreement with the National
Law Enforcement Officers Memorial Fund,
Inc., a nonprofit corporation incorporated under
the laws of the District of Columbia, to carry
out the purposes of the Fund as described in
subsection (b).
‘‘(B) In accordance with the terms of such
agreement, the Secretary shall transfer all
amounts in the Fund to the Corporation.
‘‘(2) DEFINITIONS.—For purposes of this
subsection—
‘‘(A) the term ‘Corporation’ means the Na-
tional Law Enforcement Officers Memorial
Fund, Inc; and
‘‘(B) the term ‘Secretary’ means the Sec-
retary of the Interior.’’.
(b) PURPOSES OF FUND.—Section 201(b) of Public
Law 104–329 is amended—
(1) in paragraph (3), by inserting ‘‘and’’ after
the semicolon;
(2) by striking paragraphs (4), (6), and (7),
and redesignating paragraph (5) as paragraph (4);
and
(3) in paragraph (4) (as so redesignated), by
striking the semicolon and inserting a period.
Passed the House of Representatives May 16, 2005.
Attest:
Clerk.
‘‘(A) ESTABLISHMENT OF STANDARDS.— 
Each State shall establish standards for the dis-
tribution of voter registration application forms 
for elections for Federal office under which an 
individual shall be prohibited from distributing 
any such form if the individual— 
‘‘(i) has been convicted of a felony 
under any State or Federal law; 
‘‘(ii) does not provide identifying in-
formation (including the individual’s name, 
address, and other appropriate contact in-
formation, including the name and address 
of any organization which pays the indi-
vidual to distribute such forms) to each in-
dividual to whom the individual distributes 
such a form; or 
‘‘(iii) does not meet any other require-
ments imposed by the State. 
‘‘(B) EXCEPTION FOR CERTAIN DISTRIBU-
TIONS.—Subparagraph (A) shall not apply in 
the case of the distribution of a voter registra-
tion application form— 
‘‘(i) by an individual to any member 
of the individual’s immediate family or to
any individual who shares a residence with 
the individual; 
‘‘(ii) by an individual who distributes 
10 or fewer of such forms with respect to 
any election; or 
‘‘(iii) under such other circumstances 
as the State may provide. 
‘‘(2) 
COLLECTION
AND
TRANSMITTAL
OF 
FORMS
FOR
CHIEF
STATE
ELECTION
OFFICIAL.— 
Any individual who collects a voter registration ap-
plication form for elections for Federal office and 
transmits the form to the chief State election official 
for verification by the election official shall include 
with each such form a statement signed by the indi-
vidual under penalty of perjury that the applicant 
presented the individual with a current, valid, gov-
ernment-issued photo identification that matched the 
name and identifying information provided on the 
completed application form.’’. 
(b) PENALTIES.— 
(1) DISTRIBUTION
AND
TRANSMITTAL
OF 
FORMS
BY
INDIVIDUALS
NOT
MEETING
STAND-
ARDS.—Any person who distributes a voter registra-
tion application form for elections for Federal office 
in a State who does not meet the standards estab-
lished by the State for the distribution of such forms 
pursuant to section 303(d) of the Help America 
Vote Act of 2002 (as added by subsection (a)), or 
who collects and transmits a form which does not in-
clude the information required under section 
303(d)(2), shall be guilty of a misdemeanor and 
fined in accordance with title 18, United States 
Code. 
(2) EMPLOYMENT OF INELIGIBLE INDIVIDUAL 
TO DISTRIBUTE FORMS.—Any person who employs 
an individual to distribute voter registration applica-
tion forms for elections for Federal office in a State 
and who knows, or should reasonably be expected to 
know, that the individual does not meet the stand-
ards established by the State for the distribution of 
such forms pursuant to section 303(d) of the Help 
America Vote Act of 2002 shall be guilty of a mis-
demeanor and fined in accordance with title 18, 
United States Code. 
(c) EFFECTIVE DATE.— 
(1) 
ESTABLISHMENT
OF
STANDARDS
BY 
STATES.—Section 303(e) of the Help America Vote 
Act of 2002, as redesignated by subsection (a), is 
amended by adding at the end the following new 
paragraph:
H. R. 2107
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 amend Public Law 104–329 to modify authorities for the use of the National 
Law Enforcement Officers Memorial Maintenance Fund, and for other purposes.
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Law Enforcement Offi-
cers Memorial Maintenance Fund Act of 2005’’. 
SEC. 2. COOPERATIVE AGREEMENT WITH RESPECT TO NATIONAL LAW 
ENFORCEMENT MEMORIAL MAINTENANCE FUND. 
(a) IN
GENERAL.—Section 201 of Public Law 104–329 is 
amended by adding at the end the following new subsection: 
‘‘(d) COOPERATIVE AGREEMENT.—
‘‘(1) IN GENERAL.—Effective on and after the date of the 
enactment of the National Law Enforcement Memorial Mainte-
nance Fund Act of 2005, the following applies, notwithstanding 
other provisions of this Act: 
‘‘(A) The Secretary of the Interior, acting through the 
National Park Service, shall enter into a cooperative agree-
ment with the National Law Enforcement Officers Memo-
rial Fund, Inc., a nonprofit corporation incorporated under 
the laws of the District of Columbia, to carry out the 
purposes of the Fund as described in subsection (b). 
‘‘(B) In accordance with the terms of such agreement, 
the Secretary shall transfer all amounts in the Fund to 
the Corporation. 
‘‘(2) DEFINITIONS.—For purposes of this subsection—
‘‘(A) the term ‘Corporation’ means the National Law 
Enforcement Officers Memorial Fund, Inc.; and 
‘‘(B) the term ‘Secretary’ means the Secretary of the 
Interior.’’. 
(b) PURPOSES OF FUND.—Section 201(b) of Public Law 104–
329 is amended—
(1) in paragraph (3), by inserting ‘‘and’’ after the semicolon; 
(2) by striking paragraphs (4), (6), and (7), and redesig-
nating paragraph (5) as paragraph (4); and
H. R. 2107—2
(3) in paragraph (4) (as so redesignated), by striking the 
semicolon and inserting a period.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.
I 
109TH CONGRESS 
1ST SESSION H. R. 2107 
To amend Public Law 104–329 to modify authorities for the use of the 
National Law Enforcement Officers Memorial Maintenance Fund, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 4, 2005 
Mr. SAXTON (for himself, Mr. KING of New York, and Mr. DUNCAN) intro-
duced the following bill; which was referred to the Committee on Re-
sources 
A BILL 
To amend Public Law 104–329 to modify authorities for 
the use of the National Law Enforcement Officers Me-
morial Maintenance Fund, 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. 
This Act may be cited as the ‘‘National Law Enforce-
ment Officers Memorial Maintenance Fund Act of 2005’’.
SEC. 2. COOPERATIVE AGREEMENT WITH RESPECT TO NA-
TIONAL 
LAW 
ENFORCEMENT 
MEMORIAL 
MAINTENANCE FUND. 
(a) IN GENERAL.—Section 201 of Public Law 104– 
329 is amended by adding at the end the following new 
subsection: 
‘‘(d) COOPERATIVE AGREEMENT.— 
‘‘(1) IN GENERAL.—Effective on and after the 
date of the enactment of the National Law Enforce-
ment Memorial Maintenance Fund Act of 2005, the 
following applies, notwithstanding other provisions of 
this Act: 
‘‘(A) The Secretary of the Interior, acting 
through the National Park Service, shall enter 
into a cooperative agreement with the National 
Law Enforcement Officers Memorial Fund, 
Inc., a nonprofit corporation incorporated under 
the laws of the District of Columbia, to carry 
out the purposes of the Fund as described in 
subsection (b). 
‘‘(B) In accordance with the terms of such 
agreement, the Secretary shall transfer all 
amounts in the Fund to the Corporation. 
‘‘(2) DEFINITIONS.—For purposes of this sub-
section—
‘‘(A) the term ‘Corporation’ means the Na-
tional Law Enforcement Officers Memorial 
Fund, Inc; and 
‘‘(B) the term ‘Secretary’ means the Sec-
retary of the Interior.’’. 
(b) PURPOSES OF FUND.—Section 201(b) of Public 
Law 104–329 is amended— 
(1) in paragraph (3), by inserting ‘‘and’’ after 
the semicolon; 
(2) by striking paragraphs (4), (6), and (7), 
and redesignating paragraph (5) as paragraph (4); 
and 
(3) in paragraph (4) (as so redesignated), by 
striking the semicolon and inserting a period. 
Æ
in the case an applicant who pre-
sents the application in person to 
an election official, including any 
individual deputized by the State 
to accept and process such appli-
cations; or 
‘‘(bb) includes with the ap-
plication a copy of a current, 
valid, government-issued photo 
identification, in the case of any 
other applicant. 
‘‘(II) EXCEPTION.—A State may 
establish exceptions to the require-
ments of subclause (I) in the case of 
individuals who are unable to obtain 
photo identification because of dis-
ability or physical incapacity.’’. 
(b) VOTERS.— 
(1) IN GENERAL.—Section 303(b) of such Act 
(42 U.S.C. 15483(b)) is amended— 
(A) in the heading, by striking ‘‘FOR VOT-
ERS WHO REGISTER BY MAIL’’ and inserting 
‘‘FOR
PROVIDING
PHOTO
IDENTIFICATION’’; 
and
(B) by striking paragraphs (1) through (3) 
and inserting the following: 
‘‘(1) INDIVIDUALS
VOTING
IN
PERSON.—Not-
withstanding any other provision of law, the appro-
priate State or local election official may not provide 
a ballot for an election for Federal office (including 
a provisional ballot under section 302(a)) to an indi-
vidual who desires to vote in person unless the indi-
vidual presents to the official a current, valid, gov-
ernment-issued photo identification. 
‘‘(2) INDIVIDUALS VOTING BY MAIL.—Notwith-
standing any other provision of law, the appropriate 
State or local election official may not accept any 
ballot for an election for Federal office provided by 
an individual who votes by mail unless the individual 
submits with the ballot a copy of a current, valid, 
government-issued photo identification. 
‘‘(3) EXCEPTION.—A State may establish ex-
ceptions to the requirements of paragraphs (1) and 
(2) in the case of individuals who are unable to ob-
tain photo identification because of disability or 
physical incapacity.’’. 
(2) CONFORMING AMENDMENTS.—Section 303 
of such Act (42 U.S.C. 15483) is amended—
(A) in the heading, by striking ‘‘FOR VOT-
ERS WHO REGISTER BY MAIL’’ and inserting 
‘‘FOR
PROVIDING
PHOTO
IDENTIFICA-
TION’’; and 
(B) in subsection (c), by striking ‘‘sub-
sections (a)(5)(A)(i)(II) and (b)(3)(B)(i)(II)’’ 
and inserting ‘‘subsection (a)(5)(A)(i)(II)’’. 
(3) CLERICAL AMENDMENT.—The table of con-
tents of such Act is amended by amending the item 
relating to section 303 to read as follows: 
‘‘Sec. 303. Computerized statewide voter registration list requirements and re-
quirements for providing photo identification.’’. 
(4) EFFECTIVE DATE.—Section 303(d) of such 
Act (42 U.S.C. 15483(d)) is amended to read as fol-
lows: 
‘‘(d) REQUIREMENT TO PROVIDE PHOTO IDENTI-
FICATION.—Subsections (a)(5)(A)(iv) and (b) shall apply 
with respect to the regularly scheduled general election for 
Federal office held in November 2006 and each succeeding 
election for Federal office.’’. 
(c) PROVIDING FINANCIAL ASSISTANCE TO STATES 
TO SUBSIDIZE COSTS
TO INDIVIDUALS
OF REQUIRED 
PHOTO IDENTIFICATION.— 
(1) IN GENERAL.—Subtitle D of title II of such 
Act (42 U.S.C. 15401 et seq.) is amended by adding 
at the end the following new part:
IIB 
109TH CONGRESS 
1ST SESSION H. R. 2107 
IN THE SENATE OF THE UNITED STATES 
MAY 17, 2005 
Received; read twice and referred to the Committee on the Judiciary 
SEPTEMBER 27, 2005 
Committee discharged; referred to the Committee on Energy and Natural 
Resources 
AN ACT 
To amend Public Law 104–329 to modify authorities for 
the use of the National Law Enforcement Officers Me-
morial Maintenance Fund, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
HR 2107 RCS 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Law Enforce-
ment Officers Memorial Maintenance Fund Act of 2005’’. 
SEC. 2. COOPERATIVE AGREEMENT WITH RESPECT TO NA-
TIONAL 
LAW 
ENFORCEMENT 
MEMORIAL 
MAINTENANCE FUND. 
(a) IN GENERAL.—Section 201 of Public Law 104– 
329 is amended by adding at the end the following new 
subsection: 
‘‘(d) COOPERATIVE AGREEMENT.— 
‘‘(1) IN GENERAL.—Effective on and after the 
date of the enactment of the National Law Enforce-
ment Memorial Maintenance Fund Act of 2005, the 
following applies, notwithstanding other provisions of 
this Act: 
‘‘(A) The Secretary of the Interior, acting 
through the National Park Service, shall enter 
into a cooperative agreement with the National 
Law Enforcement Officers Memorial Fund, 
Inc., a nonprofit corporation incorporated under 
the laws of the District of Columbia, to carry 
out the purposes of the Fund as described in 
subsection (b). 
‘‘(B) In accordance with the terms of such 
agreement, the Secretary shall transfer all 
amounts in the Fund to the Corporation.
HR 2107 RCS 
‘‘(2) DEFINITIONS.—For purposes of this sub-
section— 
‘‘(A) the term ‘Corporation’ means the Na-
tional Law Enforcement Officers Memorial 
Fund, Inc; and 
‘‘(B) the term ‘Secretary’ means the Sec-
retary of the Interior.’’. 
(b) PURPOSES OF FUND.—Section 201(b) of Public 
Law 104–329 is amended— 
(1) in paragraph (3), by inserting ‘‘and’’ after 
the semicolon; 
(2) by striking paragraphs (4), (6), and (7), 
and redesignating paragraph (5) as paragraph (4); 
and 
(3) in paragraph (4) (as so redesignated), by 
striking the semicolon and inserting a period. 
Passed the House of Representatives May 16, 2005. 
Attest: 
JEFF TRANDAHL, 
Clerk.
IIB 
109TH CONGRESS 
1ST SESSION H. R. 2107 
IN THE SENATE OF THE UNITED STATES 
MAY 17, 2005 
Received; read twice and referred to the Committee on the Judiciary 
AN ACT 
To amend Public Law 104–329 to modify authorities for 
the use of the National Law Enforcement Officers Me-
morial Maintenance Fund, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
HR 2107 RFS 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Law Enforce-
ment Officers Memorial Maintenance Fund Act of 2005’’. 
SEC. 2. COOPERATIVE AGREEMENT WITH RESPECT TO NA-
TIONAL 
LAW 
ENFORCEMENT 
MEMORIAL 
MAINTENANCE FUND. 
(a) IN GENERAL.—Section 201 of Public Law 104– 
329 is amended by adding at the end the following new 
subsection: 
‘‘(d) COOPERATIVE AGREEMENT.— 
‘‘(1) IN GENERAL.—Effective on and after the 
date of the enactment of the National Law Enforce-
ment Memorial Maintenance Fund Act of 2005, the 
following applies, notwithstanding other provisions of 
this Act: 
‘‘(A) The Secretary of the Interior, acting 
through the National Park Service, shall enter 
into a cooperative agreement with the National 
Law Enforcement Officers Memorial Fund, 
Inc., a nonprofit corporation incorporated under 
the laws of the District of Columbia, to carry 
out the purposes of the Fund as described in 
subsection (b). 
‘‘(B) In accordance with the terms of such 
agreement, the Secretary shall transfer all 
amounts in the Fund to the Corporation.
HR 2107 RFS 
‘‘(2) DEFINITIONS.—For purposes of this sub-
section— 
‘‘(A) the term ‘Corporation’ means the Na-
tional Law Enforcement Officers Memorial 
Fund, Inc; and 
‘‘(B) the term ‘Secretary’ means the Sec-
retary of the Interior.’’. 
(b) PURPOSES OF FUND.—Section 201(b) of Public 
Law 104–329 is amended— 
(1) in paragraph (3), by inserting ‘‘and’’ after 
the semicolon; 
(2) by striking paragraphs (4), (6), and (7), 
and redesignating paragraph (5) as paragraph (4); 
and 
(3) in paragraph (4) (as so redesignated), by 
striking the semicolon and inserting a period. 
Passed the House of Representatives May 16, 2005. 
Attest: 
JEFF TRANDAHL, 
Clerk.
ed by inserting after the item relating to section 303 
the following new item: 
‘‘Sec. 303B. Training programs for poll workers.’’. 
(b) PROVIDING FUNDS TO STATES TO CARRY OUT 
PROGRAMS.—Section 257(a) of such Act (42 U.S.C. 
15407(a)) is amended by adding at the end the following 
new paragraph: 
‘‘(4) For fiscal year 2006 and each succeeding 
fiscal year, such sums as may be necessary, except 
that funds provided pursuant to the authorization 
under this paragraph may be used only for purposes 
of meeting the requirements of section 303B (relat-
ing to training programs for poll workers).’’. 
SEC. 7. MANDATORY AUDIT OF STATE COMPLIANCE WITH 
REQUIREMENTS. 
(a) MANDATORY AUDIT BY COMMISSION.—Title IV 
of the Help America Vote Act of 2002 (42 U.S.C. 15511 
et seq.) is amended by adding at the end the following 
new section: 
‘‘SEC. 403. AUDIT OF STATE COMPLIANCE WITH REQUIRE-
MENTS. 
‘‘(a) AUDIT OF COMPLIANCE OF STATES RECEIVING 
FUNDING.—If a State receives any payment under a pro-
gram under this Act, the Commission may (at such times 
as it considers appropriate) conduct an audit to review the
State’s compliance with the applicable requirements of this 
Act. 
‘‘(b) PENALTY FOR FAILURE TO CURE NONCOMPLI-
ANCE.—If, as a result of an audit conducted under this 
section, the Commission notifies a State that the State 
is not in compliance with any of the applicable require-
ments of this Act and the State does not cure the non-
compliance prior to the expiration of the 60-day period 
which begins on the date the Commission notifies the 
State, the Commission may impose such penalty upon the 
State (including a civil money penalty or a reduction in 
the amount of any payment to the State under a program 
under this Act) as it considers appropriate.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
of such Act is amended by adding at the end of the item 
relating to title IV the following new item: 
‘‘Sec. 403. Audit of State compliance with requirements.’’. 
Æ
I 
109TH CONGRESS 
1ST SESSION H. R. 2251 
To amend the Internal Revenue Code of 1986 to exclude from gross income 
the proceeds from certain company-owned life insurance. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 11, 2005 
Mr. REYNOLDS (for himself, Mr. POMEROY, Mr. SHAW, Mrs. JOHNSON of 
Connecticut, Mr. HERGER, Mr. MCCRERY, Mr. CAMP, Mr. RAMSTAD, Mr. 
NUSSLE, Mr. SAM JOHNSON of Texas, Mr. ENGLISH of Pennsylvania, 
Mr. HAYWORTH, Mr. WELLER, Mr. HULSHOF, Mr. LEWIS of Kentucky, 
Mr. FOLEY, Mr. BRADY of Texas, Mr. RYAN of Wisconsin, Mr. LINDER, 
Mr. BEAUPREZ, Ms. HART, Mr. CHOCOLA, Mr. CARDIN, Mr. NEAL of 
Massachusetts, Mr. MCNULTY, Mr. JEFFERSON, Mr. TANNER, Mr. 
THOMPSON of California, Mr. LARSON of Connecticut, Mr. TERRY, Mr. 
CULBERSON, Mr. GALLEGLY, Mr. DENT, and Mr. PUTNAM) introduced 
the following bill; which was referred to the Committee on Ways and 
Means 
A BILL 
To amend the Internal Revenue Code of 1986 to exclude 
from gross income the proceeds from certain company- 
owned life insurance. 
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 ‘‘COLI Best Practices 
Act of 2005’’.
SEC. 2. TREATMENT OF DEATH BENEFITS FROM COR-
PORATE-OWNED LIFE INSURANCE. 
(a) IN GENERAL.—Section 101 of the Internal Rev-
enue Code of 1986 (relating to certain death benefits) is 
amended by adding at the end the following new sub-
section: 
‘‘(j) TREATMENT OF CERTAIN EMPLOYER-OWNED 
LIFE INSURANCE CONTRACTS.— 
‘‘(1) GENERAL RULE.—In the case of an em-
ployer-owned life insurance contract, the amount ex-
cluded from gross income of an applicable policy-
holder by reason of paragraph (1) of subsection (a) 
shall not exceed an amount equal to the sum of the 
premiums and other amounts paid by the policy-
holder for the contract. 
‘‘(2) EXCEPTIONS.—In the case of an employer- 
owned life insurance contract with respect to which 
the notice and consent requirements of paragraph 
(4) are met, paragraph (1) shall not apply to any of 
the following: 
‘‘(A) EXCEPTIONS
BASED
ON
INSURED’S 
STATUS.—Any amount received by reason of 
the death of an insured who, with respect to an 
applicable policyholder—