117 
has as of the date of the enactment of this section 
received a guarantee under section 306 of the Rural 
Electrification Act and which meets the requirement 
of paragraph (2). 
‘‘(2) USER FEE REQUIREMENT.—The require-
ment of this paragraph is met if the issuer of any 
rural renaissance bond makes grants for qualified 
projects as defined under subsection (d)(2) on a 
semi-annual basis every year that such bond is out-
standing in an annual amount equal to one-half of 
the rate on United States Treasury Bills of the same 
maturity multiplied by the outstanding principal bal-
ance of rural renaissance bonds issued by such 
issuer. 
‘‘(k) SPECIAL RULES RELATING TO POOL BONDS.— 
No portion of a pooled financing bond may be allocable 
to a loan unless the borrower has entered into a written 
loan commitment for such portion prior to the issue date 
of such issue. 
‘‘(l) OTHER DEFINITIONS AND SPECIAL RULES.— 
For purposes of this section— 
‘‘(1) BOND.—The term ‘bond’ includes any ob-
ligation. 
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118 
‘‘(2) POOLED
FINANCING
BOND.—The term 
‘pooled financing bond’ shall have the meaning given 
such term by section 149(f)(4)(A). 
‘‘(3) RURAL
AREA.—The term ‘rural area’ 
means any area other than— 
‘‘(A) a city or town which has a population 
of greater than 50,000 inhabitants, or 
‘‘(B) the urbanized area contiguous and 
adjacent to such a city or town. 
‘‘(4) PARTNERSHIP; 
S
CORPORATION; 
AND 
OTHER PASS-THRU ENTITIES.— 
‘‘(A) IN
GENERAL.—Under regulations 
prescribed by the Secretary, in the case of a 
partnership, trust, S corporation, or other pass- 
thru entity, rules similar to the rules of section 
41(g) shall apply with respect to the credit al-
lowable under subsection (a). 
‘‘(B) NO BASIS ADJUSTMENT.—In the case 
of a bond held by a partnership or an S cor-
poration, rules similar to the rules under sec-
tion 1397E(l) shall apply. 
‘‘(5) BONDS
HELD
BY
REGULATED
INVEST-
MENT COMPANIES.—If any rural renaissance bond is 
held by a regulated investment company, the credit 
determined under subsection (a) shall be allowed to 
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119 
shareholders of such company under procedures pre-
scribed by the Secretary. 
‘‘(6) REPORTING.—Issuers of rural renaissance 
bonds shall submit reports similar to the reports re-
quired under section 149(e).’’. 
(b) REPORTING.—Subsection (d) of section 6049 (re-
lating to returns regarding payments of interest) is 
amended by adding at the end the following new para-
graph: 
‘‘(9) REPORTING OF CREDIT ON RURAL RENAIS-
SANCE BONDS.— 
‘‘(A) IN GENERAL.—For purposes of sub-
section (a), the term ‘interest’ includes amounts 
includible in gross income under section 54A(f) 
and such amounts shall be treated as paid on 
the credit allowance date (as defined in section 
54A(b)(4)). 
‘‘(B) 
REPORTING
TO
CORPORATIONS, 
ETC.—Except as otherwise provided in regula-
tions, in the case of any interest described in 
subparagraph (A), subsection (b)(4) shall be 
applied without regard to subparagraphs (A), 
(H), (I), (J), (K), and (L)(i) of such subsection. 
‘‘(C) REGULATORY AUTHORITY.—The Sec-
retary may prescribe such regulations as are 
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120 
necessary or appropriate to carry out the pur-
poses of this paragraph, including regulations 
which require more frequent or more detailed 
reporting.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) The table of sections for subpart H of part 
IV of subchapter A of chapter 1 is amended by add-
ing at the end the following new item: 
‘‘Sec. 54A. Credit to holders of rural renaissance bonds.’’. 
(2) Section 54(c)(2) is amended by inserting ‘‘, 
section 54A,’’ after ‘‘subpart C’’. 
(3) Section 1400N(l)(3)(B) is amended by in-
serting ‘‘, section 54A,’’ after ‘‘subpart C’’. 
(d) ISSUANCE OF REGULATIONS.—The Secretary of 
Treasury shall issue regulations required under section 
54A of the Internal Revenue Code of 1986 (as added by 
this section) not later than 120 days after the date of the 
enactment of this Act. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to bonds issued after the date of 
the enactment of this Act and before January 1, 2010. 
SEC. 254. RESTORATION OF DEDUCTION FOR TRAVEL EX-
PENSES OF SPOUSE, ETC. ACCOMPANYING 
TAXPAYER ON BUSINESS TRAVEL. 
(a) IN GENERAL.—Subsection (m) of section 274 (re-
lating to additional limitations on travel expenses) is 
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121 
amended by adding at the end the following new para-
graph: 
‘‘(4) TERMINATION.—Paragraph (3) shall not 
apply to any expense paid or incurred after the date 
of the enactment of this paragraph and before Janu-
ary 1, 2008.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to amounts paid or incurred after 
the date of the enactment of this Act. 
SEC. 255. TECHNICAL CORRECTIONS. 
(a) TECHNICAL CORRECTION RELATING TO LOOK- 
THROUGH TREATMENT
OF PAYMENTS BETWEEN RE-
LATED CONTROLLED FOREIGN CORPORATIONS UNDER 
THE FOREIGN PERSONAL HOLDING COMPANY RULES.— 
(1) IN GENERAL.— 
(A) 
The 
first 
sentence 
of 
section 
954(c)(6)(A), as amended by section 103(b) of 
the Tax Increase Prevention and Reconciliation 
Act of 2005, is amended by striking ‘‘which is 
not subpart F income’’ and inserting ‘‘which is 
neither subpart F income nor income treated as 
effectively connected with the conduct of a 
trade or business in the United States’’. 
(B) Section 954(c)(6)(A), as so amended, 
is amended by striking the last sentence and in-
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122 
serting the following: ‘‘The Secretary shall pre-
scribe such regulations as may be necessary or 
appropriate to carry out this paragraph, includ-
ing such regulations as may be necessary or ap-
propriate to prevent the abuse of the purposes 
of this paragraph.’’ 
(2) EFFECTIVE DATE.—The amendments made 
by this subsection shall take effect as if included in 
section 103(b) of the Tax Increase Prevention and 
Reconciliation Act of 2005. 
(b) TECHNICAL CORRECTION REGARDING AUTHOR-
ITY TO EXERCISE REASONABLE CAUSE AND GOOD FAITH 
EXCEPTION.— 
(1) IN GENERAL.—Section 903(d)(2)(B)(iii) of 
the American Jobs Creation Act of 2004, as amend-
ed by section 303(a) of the Gulf Opportunity Zone 
Act of 2005, is amended by inserting ‘‘or the Sec-
retary’s delegate’’ after ‘‘the Secretary of the Treas-
ury’’. 
(2) EFFECTIVE DATE.—The amendment made 
by this subsection shall take effect as if included in 
the provisions of the American Jobs Creation Act of 
2004 to which it relates. 
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123 
TITLE 
III—SURFACE 
MINING 
CONTROL AND RECLAMATION 
ACT AMENDMENTS OF 2006 
SEC. 301. SHORT TITLE. 
This title may be cited as the ‘‘Surface Mining Con-
trol and Reclamation Act Amendments of 2006’’. 
Subtitle A—MINING CONTROL 
AND RECLAMATION 
SEC. 311. ABANDONED MINE RECLAMATION FUND AND 
PURPOSES. 
(a) IN GENERAL.—Section 401 of the Surface Min-
ing Control and Reclamation Act of 1977 (30 U.S.C. 
1231) is amended— 
(1) in subsection (c)— 
(A) by striking paragraphs (2) and (6); 
and 
(B) by redesignating paragraphs (3), (4), 
and (5) and paragraphs (7) through (13) as 
paragraphs (2) through (11), respectively; 
(2) by striking subsection (d) and inserting the 
following: 
‘‘(d) AVAILABILITY OF MONEYS; NO FISCAL YEAR 
LIMITATION.— 
‘‘(1) IN GENERAL.—Moneys from the fund for 
expenditures under subparagraphs (A) through (D) 
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124 
of section 402(g)(3) shall be available only when ap-
propriated for those subparagraphs. 
‘‘(2) NO FISCAL YEAR LIMITATION.—Appropria-
tions described in paragraph (1) shall be made with-
out fiscal year limitation. 
‘‘(3) OTHER
PURPOSES.—Moneys from the 
fund shall be available for all other purposes of this 
title without prior appropriation as provided in sub-
section (f).’’; 
(3) in subsection (e)— 
(A) in the second sentence, by striking 
‘‘the needs of such fund’’ and inserting ‘‘achiev-
ing the purposes of the transfers under section 
402(h)’’; and 
(B) in the third sentence, by inserting be-
fore the period the following: ‘‘for the purpose 
of the transfers under section 402(h)’’; and 
(4) by adding at the end the following: 
‘‘(f) GENERAL LIMITATION
ON OBLIGATION AU-
THORITY.— 
‘‘(1) IN
GENERAL.—From amounts deposited 
into the fund under subsection (b), the Secretary 
shall distribute during each fiscal year beginning 
after September 30, 2007, an amount determined 
under paragraph (2). 
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