I
107TH CONGRESS
1ST SESSION
H. R. 2930
To provide for creation of a Counter-terrorism Trust Fund, to provide for
the issuance of Freedom Bonds, to allow taxpayers to contribute income
tax refunds and other amounts to support counter-terrorism efforts,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
SEPTEMBER 21, 2001
Mr. CRAMER introduced the following bill; which was referred to the Com-
mittee on Ways and Means, and in addition to the Committee on the Ju-
diciary, for a period to be subsequently determined by the Speaker, in
each case for consideration of such provisions as fall within the jurisdic-
tion of the committee concerned
A BILL
To provide for creation of a Counter-terrorism Trust Fund,
to provide for the issuance of Freedom Bonds, to allow
taxpayers to contribute income tax refunds and other
amounts to support counter-terrorism efforts, 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 ‘‘Terrorism Elimination
Act of 2001’’.
SEC. 2. COUNTER-TERRORISM TRUST FUND.
(a) IN GENERAL.—Subchapter A of chapter 98 of the
Internal Revenue Code of 1986 (relating to trust fund
code) is amended by adding at the end the following new
section:
‘‘SEC. 9511. COUNTER-TERRORISM TRUST FUND.
‘‘(a) CREATION OF TRUST FUND.—There is estab-
lished in the Treasury of the United States a trust fund
to be known as the ‘Counter-Terrorism Trust Fund’, con-
sisting of such amounts as may be appropriated or cred-
ited to the Counter-Terrorism Trust Fund as provided in
this section or section 9602(b).
‘‘(b) TRANSFER
TO COUNTER-TERRORISM TRUST
FUND OF AMOUNTS DESIGNATED.—
‘‘(1) IN
GENERAL.—There is hereby appro-
priated to the Counter-Terrorism Trust Fund
amounts equivalent to the amounts designated under
section 6097 and received in the Treasury.
‘‘(2) OTHER CONTRIBUTIONS.—The Secretary
shall prescribe procedures under which persons may
make contributions to the Counter-Terrorism Trust
Fund other than as provided in section 6097.
‘‘(c) EXPENDITURES FROM TRUST FUND.—
‘‘(1) IN GENERAL.—Amounts in the Counter-
Terrorism Trust Fund shall be available, as provided
in appropriation Acts, for purposes of making ex-
penditures for counter-terrorism efforts by the
United States.
‘‘(2) ADMINISTRATIVE EXPENSES.—Amounts in
the Counter-Terrorism Trust Fund shall be available
to pay the administrative expenses of the Depart-
ment of the Treasury directly allocable to—
‘‘(A) modifying the income tax return
forms to carry out section 6097,
‘‘(B) carrying out this chapter with respect
to such Fund, and
‘‘(C) processing amounts received under
section 6097 and transferring such amounts to
such Fund.’’
(b) CLERICAL AMENDMENT.—The table of sections
for such subchapter A is amended by adding at the end
the following new item:
‘‘Sec. 9511. Counter-Terrorism Trust Fund.’’
SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF FREEDOM
BONDS.
Section 3102 of title 31, United States Code, is
amended by adding at the end the following:
‘‘(f) ISSUANCE OF FREEDOM BONDS.—
‘‘(1) IN GENERAL.—The Secretary may issue
bonds under this section, to be known as ‘Freedom
Bonds’, in response to the acts of terrorism per-
petrated against the United States on September 11,
2001.
‘‘(2) USE OF PROCEEDS.—Proceeds from the
issuance of Freedom Bonds shall be used to raise
funds to assist in recovery operations following the
terrorist acts referred to in paragraph (1) and for
efforts to combat terrorism.
‘‘(3) FORM.—The bonds authorized by para-
graph (1) shall be in such form and denominations,
and shall be subject to such terms and conditions of
issue, conversion, redemption, maturation, payment,
and rate of interest as the Secretary may pre-
scribe.’’.
SEC. 4. DESIGNATION OF OVERPAYMENTS AND CONTRIBU-
TIONS FOR COUNTER-TERRORISM EFFORTS.
(a) IN GENERAL.—Subchapter A of chapter 61 of the
Internal Revenue Code of 1986 is amended by adding at
the end the following new part:
‘‘PART 
IX—DESIGNATION 
OF 
OVERPAYMENTS
AND CONTRIBUTIONS FOR COUNTER-TER-
RORISM EFFORTS
‘‘Sec. 6097. Designation.
‘‘SEC. 6097. DESIGNATION.
‘‘(a) IN GENERAL.—With respect to each taxpayer’s
return for the taxable year of the tax imposed by chapter
1, such taxpayer may designate that—
‘‘(1) a specified portion (but not less than $1)
of any overpayment of tax for such taxable year, and
‘‘(2) any cash contribution which the taxpayer
includes with such return,
shall be deposited into the Counter-Terrorism Trust Fund.
‘‘(b) MANNER AND TIME OF DESIGNATION.—A des-
ignation under subsection (a) may be made with respect
to any taxable year only at the time of filing the return
of the tax imposed by chapter 1 for such taxable year.
Such designation shall be made in such manner as the
Secretary prescribes by regulations except that such des-
ignation shall be made either on the first page of the re-
turn or on the page bearing the taxpayer’s signature.
‘‘(c) OVERPAYMENTS TREATED AS REFUNDED.—For
purposes of this title, any portion of an overpayment of
tax designated under subsection (a) shall be treated as
being refunded to the taxpayer as of the last date pre-
scribed for filing the return of tax imposed by chapter 1
(determined without regard to extensions) or, if later, the
date the return is filed.’’
(b) CLERICAL AMENDMENT.—The table of parts for
subchapter A of chapter 61 of such Code is amended by
adding at the end thereof the following new item:
‘‘Part IX. Designation of overpayments and contributions for
counter-terrorism efforts.’’
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
the date of the enactment of this Act.
SEC. 5. VISA APPLICATION SURCHARGE FOR COUNTER-
TERRORISM.
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, in addition to such other fees as are author-
ized to be charged for the consideration or processing of
an application for an immigrant or nonimmigrant visa
under the Immigration and Nationality Act, the Attorney
General shall impose an additional 15 percent surcharge.
(b) DEPOSIT OF SURCHARGE INTO THE COUNTER-
TERRORISM TRUST FUND.—Amounts collected pursuant
to the surcharge under subsection (a) shall be held in a
separate account and transferred to the Counter-Ter-
rorism Trust Fund established under section 9511 of the
Internal Revenue Code of 1986.
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