datamatters24/research-document-archive huggingface dataset:
I
107TH CONGRESS
1ST SESSION
H. R. 1296
To amend chapter 1 of title 9, United States Code, to provide for greater
fairness in the arbitration process relating to motor vehicle franchise
contracts.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mrs. BONO (for herself, Mr. GRAHAM, Mr. DELAHUNT, Mr. SENSENBRENNER,
Mr. BRADY of Texas, Mr. TERRY, Mr. SHADEGG, Mr. BUYER, Mr. ABER-
CROMBIE, Mr. HUTCHINSON, Mr. BALDACCI, Mr. HASTINGS of Florida,
Mr. SHERMAN, Mr. SHIMKUS, Ms. PRYCE of Ohio, Mr. DOOLITTLE, Mr.
UDALL of New Mexico, Mr. ISAKSON, Mr. GREEN of Wisconsin, Mr.
GALLEGLY, Mr. CUNNINGHAM, Mr. ENGLISH, Mr. PETERSON of Pennsyl-
vania, Mr. DIAZ-BALART, Mr. CALVERT, Mr. ALLEN, Mr. CHABOT, Mr.
CHAMBLISS, Mr. GARY G. MILLER of California, Ms. NORTON, Mr. SIMP-
SON, Mr. SHERWOOD, Mr. MICA, and Ms. DELAURO) introduced the fol-
lowing bill; which was referred to the Committee on the Judiciary
A BILL
To amend chapter 1 of title 9, United States Code, to provide
for greater fairness in the arbitration process relating
to motor vehicle franchise contracts.
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 ‘‘Motor Vehicle Fran-
chise Contract Arbitration Fairness Act of 2001’’.
SEC. 2. ELECTION OF ARBITRATION.
(a) MOTOR VEHICLE FRANCHISE CONTRACTS.—
Chapter 1 of title 9, United States Code, is amended by
adding at the end the following:
‘‘§ 17. Motor vehicle franchise contracts
‘‘(a) For purposes of this section, the term—
‘‘(1) ‘motor vehicle’ has the meaning given such
term under section 30102(6) of title 49; and
‘‘(2) ‘motor vehicle franchise contract’ means a
contract under which a motor vehicle manufacturer,
importer, or distributor sells motor vehicles to any
other person for resale to an ultimate purchaser and
authorizes such other person to repair and service
the manufacturer’s motor vehicles.
‘‘(b) Whenever a motor vehicle franchise contract
provides for the use of arbitration to resolve a controversy
arising out of or relating to the contract, arbitration may
be used to settle such controversy only if after such con-
troversy arises both parties consent in writing to use arbi-
tration to settle such controversy.
‘‘(c) Whenever arbitration is elected to settle a dis-
pute under a motor vehicle franchise contract, the arbi-
trator shall provide the parties to the contract with a writ-
ten explanation of the factual and legal basis for the
award.’’.
(b) TECHNICAL AND CONFORMING AMENDMENT.—
The table of sections for chapter 1 of title 9, United States
Code, is amended by adding at the end the following:
‘‘17. Motor vehicle franchise contracts.’’.
SEC. 3. EFFECTIVE DATE.
The amendments made by section 2 shall apply to
contracts entered into, amended, altered, modified, re-
newed, or extended after the date of the enactment of this
Act.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1298
To provide for the expansion of human clinical trials qualifying for the
orphan drug credit.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mr. BRADY of Texas (for himself and Mrs. JOHNSON of Connecticut) intro-
duced the following bill; which was referred to the Committee on Ways
and Means
A BILL
To provide for the expansion of human clinical trials
qualifying for the orphan drug credit.
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 ‘‘Orphan Drug Tax
Credit Act of 2001’’.
SEC. 2. EXPANSION OF HUMAN CLINICAL TRIALS QUALI-
FYING FOR ORPHAN DRUG CREDIT.
(a) 
IN
GENERAL.—Subclause 
(I) 
of 
section
45C(b)(2)(A)(ii) of the Internal Revenue Code of 1986 is
amended to read as follows:
‘‘(I) after the date that the appli-
cation is filed for designation under
such section 526, and’’.
(b) CONFORMING AMENDMENT.—Clause (i) of sec-
tion 45C(b)(2)(A) of such Code is amended by inserting
‘‘which is’’ before ‘‘being’’ and by inserting before the
comma at the end ‘‘and which is designated under section
526 of such Act’’.
(c) EFFECTIVE DATE.—The amendments made by
this Act shall apply to amounts paid or incurred after the
date of the enactment of this Act.
Æ
(11) Fatherhood programs should promote and
provide support services for—
(A) loving and healthy relationships be-
tween parents and children; and
(B) cooperative parenting.
(12) There is a social need to reconnect chil-
dren and fathers.
(13) The promotion of responsible fatherhood
and encouragement of married 2-parent families
should not—
(A) denigrate the standing or parenting ef-
forts of single mothers or other caregivers;
(B) lessen the protection of children from
abusive parents; or
(C) compromise the safety or health of the
custodial parent;
but should increase the chance that children will
have two caring parents to help them grow up
healthy and secure.
(14) The promotion of responsible fatherhood
must always recognize and promote the values of
nonviolence.
(15) For the future of the United States and
the future of our children, Congress, States, and
I
107TH CONGRESS
1ST SESSION
H. R. 1300
To amend part D of title IV of the Social Security Act to provide grants
to States to encourage media campaigns to promote responsible father-
hood skills, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Ms. CARSON of Indiana (for herself, Ms. NORTON, Mr. JEFFERSON, Mr.
HASTINGS of Florida, Mr. HILLIARD, Ms. EDDIE BERNICE JOHNSON of
Texas, Mr. WATT of North Carolina, Mrs. CHRISTENSEN, Mrs. JONES of
Ohio, Mr. DAVIS of Illinois, Mr. MEEKS of New York, Mr. CLYBURN, Mr.
TOWNS, Mr. CLAY, Ms. MCKINNEY, Mr. BISHOP, Ms. BROWN of Florida,
Mr. OWENS, Mr. THOMPSON of Mississippi, Ms. JACKSON-LEE of Texas,
Mr. JACKSON of Illinois, Mr. WYNN, Mr. FORD, Mr. RUSH, Mr. FATTAH,
and Ms. MILLENDER-MCDONALD) introduced the following bill; which
was referred to the Committee on Ways and Means
A BILL
To amend part D of title IV of the Social Security Act
to provide grants to States to encourage media cam-
paigns to promote responsible fatherhood skills, 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 ‘‘Responsible Father-
hood Act of 2001’’.
SEC. 2. FINDINGS.
Congress makes the following findings:
(1) Nearly 25,000,000 children in the United
States, or 36 percent of all such children, live apart
from their biological father.
(2) Sixty percent of couples who divorce have at
least 1 child.
(3) The number of children living with only a
mother increased from just over 5,000,000 in 1960,
to 17,000,000 in 1999, and between 1981 and 1991
the percentage of children living with only 1 parent
increased from 19 percent to 25 percent.
(4) Forty percent of children who live in house-
holds without a father have not seen their father in
at least 1 year and 50 percent of such children have
never visited their father’s home.
(5) The most important factor in a child’s up-
bringing is whether the child is brought up in a lov-
ing, healthy, supportive environment.
(6) Children who live without contact with their
biological father are, in comparison to children who
have such contact—
(A) 5 times more likely to live in poverty;
(B) more likely to bring weapons and
drugs into the classroom;
(C) twice as likely to commit crime;
I
107TH CONGRESS
1ST SESSION
H. R. 1301
To amend the Internal Revenue Code of 1986 to apply the capital gains
tax rates to capital gains earned by designated settlement funds.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mr. CRANE 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 apply
the capital gains tax rates to capital gains earned by
designated settlement funds.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. CAPITAL GAINS TAX RATES APPLIED TO CAP-
ITAL GAINS OF DESIGNATED SETTLEMENT
FUNDS.
(a) IN GENERAL.—Paragraph (1) of section 468B(b)
of the Internal Revenue Code of 1986 (relating to taxation
of designated settlement funds) is amended by inserting
‘‘(subject to section 1(h))’’ after ‘‘maximum rate’’.
I
107TH CONGRESS
1ST SESSION
H. R. 1303
To amend the Internal Revenue Code of 1986 to clarify the rules relating
to lessee construction allowances and to contributions to the capital
of retailers.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Ms. DUNN 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 clarify
the rules relating to lessee construction allowances and
to contributions to the capital of retailers.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. EXCLUSION FROM GROSS INCOME OF QUALI-
FIED LESSEE CONSTRUCTION ALLOWANCES
NOT LIMITED TO SHORT-TERM LEASES.
(a) IN GENERAL.—Subsection (a) of section 110 of
the Internal Revenue Code of 1986 (relating to qualified
lessee construction allowances for short term leases) is
amended by striking the period at the end and inserting
(b) EFFECTIVE DATE.—The amendment made by
this section shall apply to taxable years beginning after
December 31, 2001.
Æ
ner as he shall by regulation pre-
scribe.
‘‘(iii) TREATMENT OF PARTNERSHIPS
AND S CORPORATIONS.—In the case of a
partnership, the dollar limitation in clause
(i) shall apply with respect to the partner-
ship and with respect to each partner. A
similar rule shall apply in the case of an
S corporation and its shareholders.
‘‘(iv) 
CONTROLLED
GROUP
DE-
FINED.—For purposes of clause (ii), the
term ‘controlled group’ has the meaning
given such term by section 1563(a), except
that ‘more than 50 percent’ shall be sub-
stituted for ‘at least 80 percent’ each place
it appears in section 1563(a)(1).
‘‘(3) CERTAIN PROGRESS EXPENDITURE RULES
MADE APPLICABLE.—Rules similar to the rules of
subsections (c)(4) and (d) of section 46 (as in effect
on the day before the date of the enactment of the
Revenue Reconciliation Act of 1990) shall apply for
purposes of this subsection.
‘‘(4) DEFINITIONS.—For purposes of this
subsection—
the abuse of the purposes of the subsection, includ-
ing regulations which allocate income and deductions
(or adjust the amount excludable under this sub-
section) in cases in which—
‘‘(A) payments in excess of fair market
value are paid to the contributor by the tax-
payer, or
‘‘(B) the contributor and the taxpayer are
related parties.’’.
(b) CONFORMING AMENDMENT.—Subsection (e) of
section 118 of such Code (as redesignated by subsection
(a)) is amended by adding at the end the following flush
sentence:
‘‘Rules similar to the rules of the preceding sentence shall
apply to any amount treated as a contribution to the cap-
ital of the taxpayer under subsection (d).’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to amounts received after the date
of the enactment of this Act.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1305
To amend the Internal Revenue Code of 1986 to reduce the tax on beer
to its pre-1991 level.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mr. ENGLISH (for himself, Mr. POMEROY, Mr. ARMEY, Mr. BARCIA, Mr. BE-
REUTER, Mr. BOEHNER, Mr. BONILLA, Mr. BONIOR, Mrs. BONO, Mr.
CHAMBLISS, Mr. COOKSEY, Mr. COX, Mr. CUNNINGHAM, Ms. DUNN, Mr.
EHRLICH, Mr. FOLEY, Mr. FROST, Ms. GRANGER, Mr. HEFLEY, Mr.
HINOJOSA, Mr. HOLDEN, Mr. ISAKSON, Mr. JEFFERSON, Mr. JOHN, Mr.
SAM JOHNSON of Texas, Mrs. KELLY, Mr. KING, Mr. KNOLLENBERG,
Mr. KOLBE, Mr. MCCRERY, Mr. MCINNIS, Mr. GARY G. MILLER of Cali-
fornia, Mr. NETHERCUTT, Mr. NEY, Mr. OTTER, Mr. POMBO, Ms. PRYCE
of Ohio, Mr. RAHALL, Mr. REYNOLDS, Mr. ROHRABACHER, Mr.
SANDLIN, Mr. SAXTON, Mr. SCHAFFER, Mr. SENSENBRENNER, Mr. SES-
SIONS, Mr. SHOWS, Mr. SCHROCK, Mr. SIMMONS, Mr. SIMPSON, Mr.
SMITH of New Jersey, Mr. TANCREDO, Mr. TERRY, Mr. THORNBERRY,
Mr. TOOMEY, Mr. WALSH, and Mr. QUINN) 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 reduce
the tax on beer to its pre-1991 level.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. REPEAL OF 1990 TAX INCREASE ON BEER.
(a) IN GENERAL.—Paragraph (1) of section 5051(a)
of the Internal Revenue Code of 1986 (relating to imposi-
tion and rate of tax on beer) is amended by striking ‘‘$18’’
and inserting ‘‘$9’’.
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) shall take effect on the date of the enact-
ment of this Act.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1307
To amend chapter 89 of title 5, United States Code, to increase the
Government contribution for Federal employee health insurance.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mr. HOYER (for himself and Mr. WYNN) introduced the following bill; which
was referred to the Committee on Government Reform
A BILL
To amend chapter 89 of title 5, United States Code, to
increase the Government contribution for Federal em-
ployee health insurance.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. INCREASE IN GOVERNMENT CONTRIBUTION
FOR FEDERAL EMPLOYEE HEALTH INSUR-
ANCE.
(a) INCREASE
IN
THE MAXIMUM CONTRIBUTION
PAYABLE BY THE GOVERNMENT (EXPRESSED AS A PER-
CENTAGE
OF
GOVERNMENTWIDE
WEIGHTED
AVER-
AGES).—Section 8906(b)(1) of title 5, United States Code,
is amended by striking ‘‘72’’ and inserting ‘‘80’’.
(b) INCREASE IN THE MAXIMUM PERCENTAGE OF AN
ENROLLEE’S ACTUAL SUBSCRIPTION CHARGES PAYABLE
BY THE GOVERNMENT.—Section 8906(b)(2) of title 5,
United States Code, is amended by striking ‘‘75’’ and in-
serting ‘‘83’’.
(c) EFFECTIVE DATE.—This Act shall take effect on
the first day of the first contract year beginning after the
date of the enactment of this Act.
Æ
pose of the easement, shall be deemed
to be de minimis use.
‘‘(II) 
PRE-EFFECTIVE
DATE
EASEMENTS.—Easements 
otherwise
qualifying under the provisions of this
subsection that were donated on or
before the date of the enactment of
this subclause, shall be deemed to
allow no more than de minimis use for
a commercial recreational activity un-
less by their terms they expressly pro-
vide for commercial recreational activ-
ity in excess of that otherwise allowed
by this subparagraph.
‘‘(III) AUTHORITY
TO
EXTIN-
GUISH RIGHT OF COMMERCIAL RECRE-
ATION
ACTIVITY.—For purposes of
this section, if the executor of an es-
tate and every person in being who
has an interest in the land execute an
agreement to amend or extinguish any
right under the easement of commer-
cial recreation activity in the land so
as to ensure that such land is used for
no more than de minimis commercial
I
107TH CONGRESS
1ST SESSION
H. R. 130
To amend the Internal Revenue Code of 1986 to repeal the estate and
gift taxes.
IN THE HOUSE OF REPRESENTATIVES
JANUARY 3, 2001
Mr. MCINNIS 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 repeal
the estate and gift taxes.
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 ‘‘Death Tax Termi-
nation Act of 2001’’.
SEC. 2. REPEAL OF ESTATE AND GIFT TAXES.
(a) GENERAL RULE.—Subtitle B of the Internal Rev-
enue Code of 1986 (relating to estate, gift, and genera-
tion-skipping taxes) is hereby repealed.
(b) EFFECTIVE DATE.—The repeal made by sub-
section (a) shall apply to the estates of decedents dying,
and gifts and generation-skipping transfers made, after
December 31, 2000.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1312
To amend the Family and Medical Leave Act of 1993 to permit leave
after the death of a spouse for widows and widowers with minor children.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mr. LATOURETTE introduced the following bill; which was referred to the
Committee on Education and the Workforce, and in addition to the Com-
mittees on Government Reform, and House Administration, for a period
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee
concerned
A BILL
To amend the Family and Medical Leave Act of 1993 to
permit leave after the death of a spouse for widows
and widowers with minor children.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
That section 102(a)(1) of the Family and Medical Leave
Act of 1993 (29 U.S.C. 2612(a)(1)) is amended by adding
at the end the following:
‘‘(E) Because of the death of the spouse,
in order to care for a son or daughter.’’.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1313
To provide grants to local educational agencies that agree to begin school
for secondary students after 9:00 in the morning.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Ms. LOFGREN introduced the following bill; which was referred to the
Committee on Education and the Workforce
A BILL
To provide grants to local educational agencies that agree
to begin school for secondary students after 9:00 in
the morning.
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 ‘‘Z’s to A’s Act’’.
SEC. 2. PROGRAM AUTHORIZATION.
(a) IN GENERAL.—The Secretary of Education is au-
thorized to provide a grant of not more than $25,000 to
each local educational agency that agrees to begin school
for secondary students after 9:00 in the morning.
(b) ELIGIBILITY.—To be eligible to receive a grant
under this section, a local educational agency shall submit
an application to the Secretary providing assurances
that—
(1) at the time of the application, secondary
schools served by the local educational agency begin
school before 9:00 in the morning; and
(2) not later than 2 years after the date of sub-
mission of the application, secondary schools served
by such agency shall begin classes after 9:00 in the
morning.
(c) USES OF FUNDS.—A local educational agency
that receives a grant under this Act may use such grant
funds to pay for the administrative and operating costs
associated in changing the hours of operation of secondary
schools served by such agency.
(d) DEFINITIONS.—For purposes of this Act—
(1) the term ‘‘secondary school’’ has the same
meaning given such term in section 14101(25) of
the Elementary and Secondary Education Act of
1965 (20 U.S.C. 8801(25)); and
(2) the term ‘‘Secretary’’ means the Secretary
of Education.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1314
To provide an enhanced penalty for threatening to kill, injure, or intimidate
an individual, or to cause property damage, by means of fire or an
explosive on school property.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mrs. LOWEY (for herself, Mr. ENGEL, Mr. GILMAN, and Mrs. KELLY) intro-
duced the following bill; which was referred to the Committee on the
Judiciary
A BILL
To provide an enhanced penalty for threatening to kill, in-
jure, or intimidate an individual, or to cause property
damage, by means of fire or an explosive on school
property.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
•HR 1314
SECTION 1. ENHANCED PENALTY FOR THREATENING TO
KILL, INJURE, OR INTIMIDATE AN INDI-
VIDUAL, OR TO CAUSE PROPERTY DAMAGE,
BY MEANS OF FIRE OR AN EXPLOSIVE ON
SCHOOL PROPERTY.
Section 844(e) of title 18, United States Code, is
amended by adding at the end the following: ‘‘If the threat
or conveying of false information referred to in the pre-
ceding sentence concerns conduct on the grounds of a
school which provides elementary or secondary education
(as determined under State law), the maximum term of
imprisonment under this subsection shall be 20 years.’’.
Æ
I
107TH CONGRESS
1ST SESSION
H. R. 1315
To extend the deadline for commencement of construction of certain
hydroelectric projects located in the State of West Virginia.
IN THE HOUSE OF REPRESENTATIVES
MARCH 29, 2001
Mr. MOLLOHAN introduced the following bill; which was referred to the
Committee on Energy and Commerce
A BILL
To extend the deadline for commencement of construction
of certain hydroelectric projects located in the State of
West Virginia.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. EXTENSION OF TIME FOR FEDERAL ENERGY
REGULATORY COMMISSION PROJECTS.
(a) IN GENERAL.—Notwithstanding the time period
specified in section 13 of the Federal Power Act (16
U.S.C. 806) that would otherwise apply to Federal Energy
Regulatory Commission projects numbered 6901, 6902,
and 7307, the Commission may, at the request of the
project licensee, and after reasonable notice, in accordance
with the good faith, due diligence, and public interest re-
quirements of that section and the Commission’s proce-
dures under that section, extend the time period required
for commencement of construction of the project con-
cerned for 3 consecutive 2-year periods.
(b) EFFECTIVE DATE.—Each extension under sub-
section (a) shall take on the date of the expiration of the
extension issued by the Commission under section 13 of
the Federal Power Act (16 U.S.C. 806) of the period re-
quired for commencement of construction of the project
concerned.
(c) REINSTATEMENT OF EXPIRED LICENSE.—If the
period required for commencement of construction of a
project described in subsection (a) has expired before the
date of the enactment of this Act, the Commission shall
reinstate the license for that project effective as of the
date of its expiration and the first extension authorized
under subsection (a) for that project shall take effect on
the date of such expiration.
Æ
carry out the purposes of such statute, investigate
and enforce compliance with the statute and such
regulations, handle complaints, suspend or revoke li-
censes issued to payday lenders and impose civil
money penalties for violations of such statute or reg-
ulations, and make public the results of any such in-
vestigations or enforcement actions and the records
of any complaints.
(5) REPORTS
AND
RECORDS.—A requirement
that licensed payday lenders—
(A) maintain such records as the appro-
priate State agency determines are necessary to
enforce compliance with the statute; and
(B) submit annual reports to the appro-
priate State agency containing such information
as the agency determines to be appropriate to
allow the agency to enforce compliance with the
statute and regulations prescribed by the agen-
cy under the statute, including a copy of all
loan documents used by the payday lender in
connection with deferred deposit loans and a fee
schedule.
(6) PROHIBITIONS.—A prohibition on—
(A) the initiation of any criminal action or
any civil proceeding, or use of any threat of ini-
•HR 1316
(e) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 2001.
Æ
credit needs of, the community in which such
business is conducted;
(D) the applicant and licensed payday
lender meet such surety bond requirements and
minimum asset requirements as may be estab-
lished and maintained by the appropriate State
agency; and
(E) in order for an applicant to meet the
requirements of subparagraph (D)—
(i) the applicant maintain a minimum
of $50,000 of surety bond coverage for
each business location maintained by the
applicant; and
(ii) the proceeds of any such surety
bond coverage be available to pay any con-
sumer for any violation of any Federal or
State law relating to deferred deposit
loans.
(3) PUBLIC
HEARINGS.—A requirement that
any application for a payday lender license be the
subject of a public hearing before any final deter-
mination is made with regard to such application by
the appropriate State agency.
(4) ADMINISTRATIVE
ACTION.—Authority for
the appropriate State agency to issue regulations to