spect to which the Commission has made a negative find-
ing under subsection (a). 
TITLE IV—PROCUREMENT 
SEC. 401. ELIGIBLE PRODUCTS. 
Section 308(4)(A) of the Trade Agreements Act of 
1979 (19 U.S.C. 2518(4)(A)) is amended— 
(1) by striking ‘‘or’’ at the end of clause (vi); 
(2) by striking the period at the end of clause 
(vii) and inserting ‘‘; or’’; and 
(3) by adding at the end the following new 
clause: 
‘‘(viii) a party to the United States– 
Korea Free Trade Agreement, a product or 
service of that country or instrumentality 
which is covered under that agreement for 
procurement by the United States.’’. 
TITLE V—OFFSETS 
SEC. 501. INCREASE IN PENALTY ON PAID PREPARERS WHO 
FAIL TO COMPLY WITH EARNED INCOME TAX 
CREDIT DUE DILIGENCE REQUIREMENTS. 
(a) IN GENERAL.—Section 6695(g) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘$100’’ and 
inserting ‘‘$500’’. 
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(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to returns required to be filed after 
December 31, 2011. 
SEC. 502. REQUIREMENT FOR PRISONS LOCATED IN THE 
UNITED STATES TO PROVIDE INFORMATION 
FOR TAX ADMINISTRATION. 
(a) IN GENERAL.—Subchapter B of chapter 61 of the 
Internal Revenue Code of 1986 is amended by redesig-
nating section 6116 as section 6117 and by inserting after 
section 6115 the following new section: 
‘‘SEC. 6116. REQUIREMENT FOR PRISONS LOCATED IN 
UNITED STATES TO PROVIDE INFORMATION 
FOR TAX ADMINISTRATION. 
‘‘(a) IN GENERAL.—Not later than September 15, 
2012, and annually thereafter, the head of the Federal 
Bureau of Prisons and the head of any State agency 
charged with the responsibility for administration of pris-
ons shall provide to the Secretary in electronic format a 
list with the information described in subsection (b) of all 
the inmates incarcerated within the prison system for any 
part of the prior 2 calendar years or the current calendar 
year through August 31. 
‘‘(b) INFORMATION.—The information with respect 
to each inmate is— 
‘‘(1) first, middle, and last name, 
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‘‘(2) date of birth, 
‘‘(3) institution of current incarceration or, for 
released inmates, most recent incarceration, 
‘‘(4) prison assigned inmate number, 
‘‘(5) the date of incarceration, 
‘‘(6) the date of release or anticipated date of 
release, 
‘‘(7) the date of work release, 
‘‘(8) taxpayer identification number and wheth-
er the prison has verified such number, 
‘‘(9) last known address, and 
‘‘(10) any additional information as the Sec-
retary may request. 
‘‘(c) FORMAT.—The Secretary shall determine the 
electronic format of the information described in sub-
section (b).’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for such subchapter is amended by striking the item relat-
ing to section 6116 and by adding at the end the following 
new items: 
‘‘Sec. 6116. Requirement for prisons located in United States to provide infor-
mation for tax administration. 
‘‘Sec. 6117. Cross reference.’’. 
SEC. 503. RATE FOR MERCHANDISE PROCESSING FEES. 
For the period beginning on December 1, 2015, and 
ending on June 30, 2021, section 13031(a)(9) of the Con-
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solidated Omnibus Budget Reconciliation Act of 1985 (19 
U.S.C. 58c(a)(9)) shall be applied and administered— 
(1) in subparagraph (A), by substituting 
‘‘0.3464’’ for ‘‘0.21’’; and 
(2) in subparagraph (B)(i), by substituting 
‘‘0.3464’’ for ‘‘0.21’’. 
SEC. 504. EXTENSION OF CUSTOMS USER FEES. 
(a) IN GENERAL.—Section 13031(j)(3)(A) of the 
Consolidated Omnibus Budget Reconciliation Act of 1985 
(19 U.S.C. 58c(j)(3)(A)) is amended by striking ‘‘January 
7, 2020’’ and inserting ‘‘August 2, 2021’’. 
(b) OTHER FEES.—Section 13031(j)(3)(B)(i) of the 
Consolidated Omnibus Budget Reconciliation Act of 1985 
(19 U.S.C. 58c(j)(3)(B)(i)) is amended by striking ‘‘Janu-
ary 14, 2020’’ and inserting ‘‘December 8, 2020’’. 
SEC. 505. TIME FOR PAYMENT OF CORPORATE ESTIMATED 
TAXES. 
Notwithstanding section 6655 of the Internal Rev-
enue Code of 1986, in the case of a corporation with assets 
of not less than $1,000,000,000 (determined as of the end 
of the preceding taxable year)— 
(1) the amount of any required installment of 
corporate estimated tax which is otherwise due in 
July, August, or September of 2012 shall be in-
creased by 0.25 percent of such amount (determined 
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without regard to any increase in such amount not 
contained in such Code); 
(2) the amount of any required installment of 
corporate estimated tax which is otherwise due in 
July, August, or September of 2016 shall be in-
creased by 2.75 percent of such amount (determined 
without regard to any increase in such amount not 
contained in such Code); and 
(3) the amount of the next required installment 
after an installment referred to in paragraph (1) or 
(2) shall be appropriately reduced to reflect the 
amount of the increase by reason of such paragraph. 
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Union Calendar No. 158 
112TH CONGRESS 
1ST SESSION 
H. R. 3080 
[Report No. 112–239] 
A BILL 
To implement the United States–Korea Free Trade 
Agreement. 
OCTOBER 6, 2011 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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