datamatters24/research-document-archive huggingface dataset:
HR 4070 RFS
U.S.C. 411(a)(5)(A)) is amended by striking ‘‘all of the
gross income’’ and all that follows and inserting ‘‘the gross
income and deductions attributable to such trade or busi-
ness shall be treated as the gross income and deductions
of the spouse carrying on such trade or business or, if
such trade or business is jointly operated, treated as the
gross income and deductions of each spouse on the basis
of their respective distributive share of the gross income
and deductions;’’.
(b) INTERNAL REVENUE CODE OF 1986 AMEND-
MENT.—Section 1402(a)(5)(A) of the Internal Revenue
Code of 1986 is amended by striking ‘‘all of the gross in-
come’’ and all that follows and inserting ‘‘the gross income
and deductions attributable to such trade or business shall
be treated as the gross income and deductions of the
spouse carrying on such trade or business or, if such trade
or business is jointly operated, treated as the gross income
and deductions of each spouse on the basis of their respec-
tive distributive share of the gross income and deductions;
and’’.
Passed the House of Representatives June 26, 2002.
Attest:
JEFF TRANDAHL,
Clerk.
I
107TH CONGRESS
2D SESSION
H. R. 4071
To extend the registration and reporting requirements of the Federal securi-
ties laws to certain housing-related Government-sponsored enterprises,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 2002
Mr. SHAYS (for himself, Mr. MARKEY, and Mr. RYAN of Wisconsin) intro-
duced the following bill; which was referred to the Committee on Finan-
cial Services
A BILL
To extend the registration and reporting requirements of
the Federal securities laws to certain housing-related
Government-sponsored enterprises, and for other pur-
poses.
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 ‘‘Uniform Securities
Disclosure Act’’.
SEC. 2. REGISTRATION OF SECURITIES.
(a) FANNIE MAE.—
(1) MORTGAGE-BACKED
SECURITIES.—Section
304(d) of the Federal National Mortgage Associa-
tion Charter Act (12 U.S.C. 1719(d)) is amended by
striking the fourth sentence and inserting the fol-
lowing new sentence: ‘‘Securities issued by the cor-
poration under this subsection shall not be exempt
securities within the meaning of the laws adminis-
tered by the Securities and Exchange Commission.’’.
(2) 
SUBORDINATE
OBLIGATIONS.—Section
304(e) of the Federal National Mortgage Association
Charter Act (12 U.S.C. 1719(e)) is amended by
striking the fourth sentence and inserting the fol-
lowing new sentence: ‘‘Obligations issued by the cor-
poration under this subsection shall not be exempt
securities within the meaning of the laws adminis-
tered by the Securities and Exchange Commission.’’.
(3) SECURITIES.—Section 311 of the Federal
National Mortgage Association Charter Act (12
U.S.C. 1723c) is amended—
(A) in the second sentence, by inserting
‘‘by the Association’’ after ‘‘issued’’; and
(B) by adding at the end the following new
sentence: ‘‘Any stock, obligations, securities,
participations, or other instruments issued by
the corporation pursuant to this title shall not
be exempt securities within the meaning of the
laws administered by the Securities and Ex-
change Commission.’’.
(b) FREDDIE MAC.—Subsection (g) of section 306 of
the Federal Home Loan Mortgage Corporation Act (12
U.S.C. 1455(g)) is amended to read as follows:
‘‘(g) Any securities issued or guaranteed by the Cor-
poration shall not be exempt securities within the meaning
of the laws administered by the Securities and Exchange
Commission.’’.
SEC. 3. EFFECTIVE DATE.
The amendments under section 2 shall be made upon
the expiration of the 180-day period beginning on the date
of the enactment of this Act, but shall apply only with
respect to fiscal years of the Federal National Mortgage
Association and the Federal Home Loan Mortgage Cor-
poration that begin after the expiration of such 180-day
period.
Æ
I
107TH CONGRESS
2D SESSION
H. R. 4075
To amend the Internal Revenue Code of 1986 to provide that corporate
tax benefits from stock option compensation expenses are allowed only
to the extent such expenses are included in a corporation’s financial
statements.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 2002
Mr. STARK (for himself, Mr. FRANK, and Ms. RIVERS) 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 provide
that corporate tax benefits from stock option compensa-
tion expenses are allowed only to the extent such ex-
penses are included in a corporation’s financial state-
ments.
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 ‘‘Ending the Double
Standard for Stock Options Act’’.
in this subsection limits any obligation of a
State or Indian tribe under section 303.
‘‘(D) OTHER DEVELOPMENT.—Any devel-
opment of abandoned or inactive mined land
(including 
mineral 
exploration, 
processing,
beneficiation, or mining) not specifically de-
scribed in a permit issued by the Administrator
under this subsection shall be subject to this
Act (other than this subsection). The commin-
gling of any other discharges or waters with the
discharges or waters subject to the remediation
permit cannot limit or reduce the liability of
persons associated with the other waters or dis-
charges.
‘‘(8) LIABILITY OF OTHER PARTIES.—Nothing
in this subsection, including any result caused by
any action taken by the remediating party, limits the
liability of any person other than the remediating
party, under this Act or any other law.
‘‘(9) REGULATIONS.—Not later than 1 year
after the date of enactment of this subsection, the
Administrator, in consultation with State, tribal, and
local officials and after providing the public with no-
tice of, and opportunity for comment and a hearing
on, regulations proposed to be promulgated, shall
SEC. 2. REQUIREMENTS FOR CONSISTENT TREATMENT OF
STOCK OPTIONS BY CORPORATIONS.
(a) CONSISTENT TREATMENT
FOR TAX DEDUC-
TION.—Section 83(h) of the Internal Revenue Code of
1986 (relating to deduction of employer) is amended—
(1) by striking ‘‘In the case of’’ and inserting:
‘‘(1) IN GENERAL.—In the case of’’, and
(2) by adding at the end the following new
paragraph:
‘‘(2) SPECIAL
RULES
FOR
PROPERTY
TRANS-
FERRED PURSUANT TO STOCK OPTIONS.—
‘‘(A) IN GENERAL.—In the case of prop-
erty transferred in connection with a stock op-
tion, the deduction otherwise allowable under
paragraph (1) shall not exceed the amount the
taxpayer has treated as an expense for the pur-
pose of ascertaining income, profit, or loss in a
report or statement to shareholders, partners,
or other proprietors (or to beneficiaries). In no
event shall such deduction be allowed before the
taxable year described in paragraph (1).
‘‘(B) SPECIAL
RULES
FOR
CONTROLLED
GROUPS.—The Secretary shall prescribe rules
for the application of this paragraph in cases
where the stock option is granted by a parent
or subsidiary corporation (within the meaning
of section 424) of the employer corporation.’’.
(b) CONSISTENT TREATMENT FOR RESEARCH TAX
CREDIT.—Section 41(b)(2)(D) of the Internal Revenue
Code of 1986 (defining wages for purposes of credit for
increasing research expenses) is amended by inserting at
the end the following new clause:
‘‘(iv) SPECIAL RULE FOR STOCK OP-
TIONS
AND
STOCK-BASED
PLANS.—The
term ‘wages’ shall not include any amount
of property transferred in connection with
a stock option and required to be included
in a report or statement under section
83(h)(2) until it is so included, and the
portion of such amount which may be
treated as wages for a taxable year shall
not exceed the amount of the deduction al-
lowed under section 83(h) for such taxable
year with respect to such amount.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to property transferred on or after
the date of the enactment of this Act.
Æ
I
107TH CONGRESS
2D SESSION
H. R. 4077
To amend title 49, United States Code, to provide an apportionment to
a primary airport that falls below 10,000 passenger boardings in a
calendar year as a result of the discontinuance of air carrier service
at the airport, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 2002
Mr. STUPAK introduced the following bill; which was referred to the
Committee on Transportation and Infrastructure
A BILL
To amend title 49, United States Code, to provide an appor-
tionment to a primary airport that falls below 10,000
passenger boardings in a calendar year as a result of
the discontinuance of air carrier service at the airport,
and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
That section 47114(c)(1) of title 49, United States Code,
is amended by adding at the end the following:
‘‘(F) GRANDFATHER
CLAUSE.—Notwith-
standing subparagraph (A), the Secretary may
apportion to an airport sponsor in a fiscal year
an amount equal to the amount apportioned to
that sponsor in the previous fiscal year if the
Secretary finds that—
‘‘(i) passenger boardings at the air-
port are below 10,000 in the calendar year
used to calculate the apportionment as a
result of the discontinuance of air carrier
service to and from the airport in any of
the 3 calendar years preceding the cal-
endar year used for such calculation; and
‘‘(ii) the airport had at least 10,000
passenger boardings in any of such 3 pre-
ceding calendar years.’’.
Æ
‘‘SEC. 303M. CONTRACTOR REQUIREMENT FOR SATISFAC-
TORY RECORD OF INTEGRITY AND BUSINESS
ETHICS.
‘‘(a) IN GENERAL.—No prospective contractor may
be awarded a contract with an agency unless the con-
tracting officer for the contract determines that such pro-
spective contractor has a satisfactory record of integrity
and business ethics, including a record of satisfactory
compliance with the law (including tax, labor and employ-
ment, environmental, antitrust, and consumer protection
laws).
‘‘(b) INFORMATION TO BE CONSIDERED.—In mak-
ing a determination as to whether a prospective contractor
has a satisfactory record of integrity and business ethics,
a contracting officer—
‘‘(1) shall consider all relevant credible informa-
tion, but shall give the greatest weight to any viola-
tions of law that have been adjudicated during the
3-year period preceding the offer by the prospective
contractor;
‘‘(2) shall consider any administrative agree-
ments entered into with the prospective contractor if
the prospective contractor has taken corrective ac-
tion after disclosing a violation of law, and may con-
sider such a contractor to be a responsible con-
I
107TH CONGRESS
2D SESSION
H. R. 4079
To amend the National Foundation on the Arts and the Humanities Act
of 1965 to make available additional funds to increase access to the
arts through the support of education.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 2002
Mrs. WILSON of New Mexico introduced the following bill; which was referred
to the Committee on Education and the Workforce
A BILL
To amend the National Foundation on the Arts and the
Humanities Act of 1965 to make available additional
funds to increase access to the arts through the support
of education.
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 ‘‘Arts Education Ad-
vancement Act of 2002’’.
SEC. 2. AMENDMENTS.
(a) USE OF FUNDS FOR ELEMENTARY AND SEC-
ONDARY EDUCATION.—Section 5A(b) of the National
Foundation on the Arts and the Humanities Act of 1965
(20 U.S.C. 954a(b)) is amended—
(1) in paragraph (8) by striking ‘‘and’’ at the
end,
(2) in paragraph (9) by striking the period at
the end and inserting ‘‘; and’’, and
(3) by adding at the end the following:
‘‘(10) increase accessibility to the arts through
art education in formal systems of elementary and
secondary education.’’.
(b) AVAILABILITY OF FUNDS.—Section 11(f)(1) of
the National Foundation on the Arts and the Humanities
Act of 1965 (20 U.S.C. 960(f)(1)) is amended—
(1) by striking ‘‘$175,000,000, 50 percent’’ and
inserting ‘‘$98,000,000, 100 percent’’, and
(2) by adding at the end the following ‘‘Of the
aggregate amount made available to carry out sec-
tion 5A in any fiscal year, 50 percent shall be made
available for the use specified in section 5A(b)(10).’’.
SEC. 3. EFFECTIVE DATE.
This Act and the amendments made by this Act shall
take effect on the 1st day of the 1st fiscal year that begins
after the date of the enactment of this Act.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 407
Concerning denial of passports to noncustodial parents subject to State arrest
warrants in cases of nonpayment of child support.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 6, 2001
Mr. ANDREWS introduced the following bill; which was referred to the
Committee on International Relations
A BILL
Concerning denial of passports to noncustodial parents sub-
ject to State arrest warrants in cases of nonpayment
of child support.
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 ‘‘Denial of Passports
to Noncustodial Parents in Cases of Nonpayment of Child
Support’’.
SEC. 2. DENIAL OF PASSPORTS TO NONCUSTODIAL PAR-
ENTS SUBJECT TO STATE ARREST WARRANTS
IN CASES OF NONPAYMENT OF CHILD SUP-
PORT.
The Secretary of State is authorized to refuse a pass-
port or revoke, restrict, or limit a passport in any case
in which the Secretary of State determines or is informed
by competent authority that the applicant or passport
holder is a noncustodial parent who is the subject of an
outstanding State warrant of arrest for nonpayment of
child support, where the amount in controversy is not less
than $10,000.
Æ
I
107TH CONGRESS
2D SESSION
H. R. 4080
To improve mathematics and science instruction in elementary and secondary
schools by authorizing the Secretary of Education to make grants for
regional workshops designed to permit educators to share successful
strategies for such instruction.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 2002
Mrs. WILSON of New Mexico introduced the following bill; which was referred
to the Committee on Education and the Workforce
A BILL
To improve mathematics and science instruction in elemen-
tary and secondary schools by authorizing the Secretary
of Education to make grants for regional workshops de-
signed to permit educators to share successful strategies
for such instruction.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. GRANTS FOR MATHEMATICS AND SCIENCE
INSTRUCTION REGIONAL WORKING GROUPS.
(a) IN GENERAL.—The Secretary of Education may
make one-year grants to eligible partnerships described in
section 2201(b)(1) of the Elementary and Secondary Edu-
ment, tax evasion, or receiving stolen prop-
erty.
‘‘(B) Indictments for the offenses de-
scribed in subparagraph (A).
‘‘(C) With respect to tax, labor, employ-
ment, environmental, antitrust, or consumer
protection laws—
‘‘(i) Federal or State felony convic-
tions;
‘‘(ii) adverse Federal court judgments
in civil cases brought by the United States;
‘‘(iii) adverse decisions by a Federal
administrative law judge, board, or com-
mission indicating violations of law; and
‘‘(iv) Federal or State felony indict-
ments.’’.
(2) The table of sections at the beginning of such
chapter is amended by inserting after the item relating
to section 2305a the following new item:
‘‘2305b. Contractor requirement for satisfactory record of integrity and business
ethics.’’.
(b) OTHER CONTRACTORS.—(1) Title III of the Fed-
eral Property and Administrative Services Act of 1949 (41
U.S.C. 251 et seq.) is amended by inserting after section
303L the following new section:
cation Act of 1965 (20 U.S.C. 6661(b)(1)) (as amended
by the No Child left Behind Act of 2001) to permit such
partnerships to conduct regional workshops, including fol-
low-up training, designed to permit educators, administra-
tors responsible for professional development or cur-
riculum development, and faculty of teacher training de-
partments of institutions of higher education, to share
successful strategies for—
(1) carrying out the activities described in sec-
tion 2202(c) of the Elementary and Secondary Edu-
cation Act of 1965 (20 U.S.C. 6662(c)) (as amended
by the No Child left Behind Act of 2001); and
(2) otherwise improving mathematics and
science instruction in elementary and secondary
schools.
(b) APPLICATION REQUIREMENTS.—
(1) IN GENERAL.—Each eligible partnership de-
siring a grant under this section shall submit an ap-
plication to the Secretary of Education, at such
time, in such manner, and accompanied by such in-
formation as such Secretary may require.
(2) CONTENTS.—Each application submitted
pursuant to paragraph (1) shall include—
(A) a plan for establishing a regional work-
ing group that shall conduct a series of regional
workshops to share information and approaches
to improving the achievement of students in
mathematics and science;
(B) a description of how the activities to
be carried out by the applicant will assist teach-
ers and local educational agencies—
(i) in meeting challenging State aca-
demic 
content 
and 
student 
academic
achievement standards in mathematics and
science; and
(ii) in carrying out other educational
reform activities that promote student aca-
demic achievement in mathematics and
science;
(C) a description of how the activities to be
carried out by the applicant will be based on a
review of scientifically based research, and an
explanation of how the activities are expected to
improve student academic achievement and
strengthen the quality of mathematics and
science instruction;
(D) a description of an evaluation and ac-
countability plan for activities assisted under
this section that includes rigorous objectives
that measure the impact of such activities and
an assurance that the applicant will report to
the Secretary of Education regarding the appli-
cant’s progress in meeting such objectives; and
(E) a description of the categories, and ge-
ographic locations, of participants who will be
invited to participate in the regional workshops
in order that each such workshop include as
participants, at a minimum, individuals rep-
resenting multiple States, local educational
agencies, 
and 
elementary 
and 
secondary
schools.
Æ
V
107TH CONGRESS
2D SESSION
H. R. 4082
For the relief of Germalyn Selga Salto and Carl Gino Selga Salto.
IN THE HOUSE OF REPRESENTATIVES
MARCH 20, 2002
Mr. WYNN introduced the following bill; which was referred to the Committee
on the Judiciary
A BILL
For the relief of Germalyn Selga Salto and Carl Gino Selga
Salto.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 
1. 
PERMANENT 
RESIDENT 
STATUS 
FOR
GERMALYN SELGA SALTO AND CARL GINO
SELGA SALTO.
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, for the purposes of the Immigration and Na-
tionality Act (8 U.S.C. 1101 et seq.), Germalyn Selga
Salto and Carl Gino Selga Salto shall be held and consid-
ered to have been lawfully admitted to the United States
for permanent residence as of the date of enactment of
this Act.
(b) REDUCTION OF IMMIGRANT VISA NUMBERS.—
Upon the granting of permanent residence to Germalyn
Selga Salto and Carl Gino Selga Salto, the Secretary of
State shall instruct the proper officer to reduce the num-
ber of immigrant visas that are made available to natives
of the country of the alien’s birth under section 203(a)
of the Immigration and Nationality Act (8 U.S.C.
1153(a)) or, if applicable, the total number of immigrant
visas that are made available to natives of the country of
the alien’s birth under section 202(e) of such Act (8
U.S.C. 1152(e)).
Æ
I
107TH CONGRESS
2D SESSION
H. R. 4084
To amend the Securities Exchange Act of 1934 to prohibit certain employees
and shareholders from obtaining special loans, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
APRIL 9, 2002
Ms. RIVERS introduced the following bill; which was referred to the Committee
on Financial Services
A BILL
To amend the Securities Exchange Act of 1934 to prohibit
certain employees and shareholders from obtaining spe-
cial loans, 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 ‘‘Corporate Asset Pro-
tection Act of 2002’’.
SEC. 2. PROHIBITION ON SPECIAL EMPLOYEE OR SHARE-
HOLDER LOANS BY PUBLICLY TRADED COM-
PANIES.
(a) IN GENERAL.—The Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) is amended by inserting after
section 21E the following new section:
‘‘SEC. 21F. PROHIBITION ON INSIDER LOANS.
‘‘(a) OFFERING OR PROVIDING LOANS.—A reporting
issuer may not offer or provide a loan to an insider and
no insider may accept such a loan, unless the issuer is
a financial institution and the loan is not substantially
more advantageous for the insider than for an individual
who is not an insider.
‘‘(b) CIVIL PENALTY.—The following persons shall
each be liable to the United States for a civil penalty, not
to exceed the greater of three times the amount of the
loan that violates this section or $100,000, imposed in an
action brought by the Commission:
‘‘(1) A reporting issuer that offers or provides
a loan in violation of subsection (a).
‘‘(2) An official who has exercised decision-
making authority on behalf of a reporting issuer
with respect to a loan that violates subsection (a).
‘‘(3) An insider who obtains a loan in knowing
violation of subsection (a).
‘‘(c) DEFINITIONS.—In this section:
‘‘(1) The term ‘reporting issuer’ means any reg-
istrant under section 12 or any other issuer required
to file periodic reports under section 13 or 15, or an
affiliate (including a wholly owned subsidiary) of
such registrant or issuer.
‘‘(2) The term ‘insider’ means an individual
who is an employee, officer, board member, share-
holder, consultant, or independent contractor of a
reporting issuer, or any entity in which such an indi-
vidual has an ownership interest greater than 1 per-
cent (in accordance with regulations of the Commis-
sion to determine such ownership interest).
‘‘(3) The term ‘financial institution’ has the
meaning given that term in section 509 of the
Gramm-Leach-Bliley Act (15 U.S.C. 6809).
‘‘(d) RULEMAKING.—The Commission may prescribe
regulations to carry out this section.’’.
(b) CONFORMING AMENDMENT.—Section 32(a) of
such Act (15 U.S.C. 78ff(a)) is amended by inserting ‘‘or
section 21F’’ after ‘‘other than section 30A’’.
Æ
187
HR 4775 EAS
the requirements of subsection (g)(1) that do not otherwise
qualify for tender under subsection (h) or (i).
‘‘(2) If no carrier qualifies under this subsection with
respect to a city pair route, the 10 percent of nonpriority
bypass mail allocated under paragraph (1) shall be divided
evenly between the pools described under subsections (h) and
(i) to be equitably tendered among qualified carriers under
such subsections, such that—
‘‘(A) the amount of nonpriority bypass mail
available for tender among qualified carriers under
subsection (h) shall be 75 percent; and
‘‘(B) the amount of nonpriority bypass mail
available for tender among qualified carriers under
subsection (i) shall be 25 percent.
‘‘(3)(A) Except as provided by subparagraph (B), the
percentage rate under paragraph (1) shall be 0 percent 3
years and 3 months after the date of enactment of the Rural
Service Improvement Act of 2002.
‘‘(B) The percentage rate under paragraph (1) shall
remain 10 percent for equitable tender for 6 years and 3
months after the date of enactment of the Rural Service Im-
provement Act of 2002 for a nonpriority bypass mail car-
rier on bush routes originating from the main hub of the
carrier designated under subparagraph (C), if the carrier
seeking the tender of such mail—