(13) TEMPORARY SUSPENSION OF LIMITATIONS 
ON
CHARITABLE
CONTRIBUTIONS.—Section 
1400S(a), by substituting the following paragraph 
for paragraph (4) thereof: 
‘‘(4) QUALIFIED CONTRIBUTIONS.— 
‘‘(A) IN GENERAL.—For purposes of this 
subsection, the term ‘qualified contribution’ 
means any charitable contribution (as defined 
in section 170(c)) if— 
‘‘(i) such contribution— 
‘‘(I) is paid during the period be-
ginning on the earliest applicable dis-
aster date for all States and ending 
on December 31, 2011, in cash to an 
organization 
described 
in 
section 
170(b)(1)(A), and 
‘‘(II) is made for relief efforts in 
1 or more Southeastern disaster 
areas, 
‘‘(ii) the taxpayer obtains from such 
organization contemporaneous written ac-
knowledgment (within the meaning of sec-
tion 170(f)(8)) that such contribution was 
used (or is to be used) for relief efforts in 
1 or more Southeastern disaster areas, and 
VerDate Mar 15 2010 
03:21 Jun 29, 2011
Jkt 099200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\H2321.IH
H2321
tjames on DSKG8SOYB1PROD with BILLS
‘‘(iii) the taxpayer has elected the ap-
plication of this subsection with respect to 
such contribution. 
‘‘(B) EXCEPTION.—Such term shall not in-
clude a contribution by a donor if the contribu-
tion is— 
‘‘(i) to an organization described in 
section 509(a)(3), or 
‘‘(ii) for establishment of a new, or 
maintenance of an existing, donor advised 
fund (as defined in section 4966(d)(2)). 
‘‘(C) APPLICATION OF ELECTION TO PART-
NERSHIPS AND S CORPORATIONS.—In the case 
of a partnership or S corporation, the election 
under subparagraph (A)(iii) shall be made sepa-
rately by each partner or shareholder.’’. 
(14) SUSPENSION OF CERTAIN LIMITATIONS ON 
PERSONAL
CASUALTY
LOSSES.—Section 
1400S(b)(1), by substituting ‘‘the applicable disaster 
date’’ for ‘‘August 25, 2005’’. 
(15) 
SPECIAL
RULE
FOR
DETERMINING 
EARNED INCOME.—Section 1400S(d)— 
(A) by treating an individual as a qualified 
individual if such individual’s principal place of 
VerDate Mar 15 2010 
03:21 Jun 29, 2011
Jkt 099200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\H2321.IH
H2321
tjames on DSKG8SOYB1PROD with BILLS
abode on the applicable disaster date was lo-
cated in a Southeastern disaster area, 
(B) by treating the applicable disaster date 
with respect to any such individual as the appli-
cable date for purposes of such subsection, and 
(C) by treating an area as described in 
paragraph (2)(B)(ii) thereof if the area is a 
Southeastern disaster area only by reason of 
subsection (b)(2) of this section (relating to 
areas eligible only for public assistance). 
(16) ADJUSTMENTS REGARDING TAXPAYER AND 
DEPENDENCY STATUS.—Section 1400S(e), by sub-
stituting ‘‘2011 or 2012’’ for ‘‘2005 or 2006’’. 
(17) SPECIAL RULES FOR MORTGAGE REVENUE 
BONDS.—Section 1400T, by substituting ‘‘2016’’ for 
‘‘2010’’. 
(e) MODIFICATIONS TO KATRINA EMERGENCY TAX 
RELIEF ACT OF 2005.—The following provisions of the 
Katrina Emergency Tax Relief Act of 2005 shall be ap-
plied with the following modifications: 
(1) ADDITIONAL EXEMPTION FOR HOUSING DIS-
PLACED INDIVIDUAL.—Section 302— 
(A) by substituting ‘‘2011 or 2012’’ for 
‘‘2005 or 2006’’ in subsection (a) thereof, 
VerDate Mar 15 2010 
03:21 Jun 29, 2011
Jkt 099200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H2321.IH
H2321
tjames on DSKG8SOYB1PROD with BILLS
(B) by substituting ‘‘Southeastern dis-
placed individual’’ for ‘‘Hurricane Katrina dis-
placed individual’’ each place it appears, and 
(C) by treating an area as a core disaster 
area for purposes of applying subsection (c) 
thereof if the area is a Southeastern disaster 
area without regard to subsection (b)(2) of this 
section (relating to areas eligible only for public 
assistance). 
(2) EXCLUSION OF CERTAIN CANCELLATION OF 
INDEBTEDNESS INCOME.—Section 401— 
(A) by treating an individual whose prin-
cipal place of abode on the applicable disaster 
date was in a Southeastern disaster area (deter-
mined without regard to subsection (b)(2) of 
this section) as an individual described in sub-
section (b)(1) thereof, and by treating an indi-
vidual whose principal place of abode on the ap-
plicable disaster date was in a Southeastern dis-
aster area solely by reason of subsection (b)(2) 
of this section as an individual described in sub-
section (b)(2) thereof, 
(B) by substituting ‘‘the applicable disaster 
date’’ for ‘‘August 28, 2005’’ both places it ap-
pears, and 
VerDate Mar 15 2010 
03:21 Jun 29, 2011
Jkt 099200
PO 00000
Frm 00019
Fmt 6652
Sfmt 6201
E:\BILLS\H2321.IH
H2321
tjames on DSKG8SOYB1PROD with BILLS
(C) by substituting ‘‘January 1, 2013’’ for 
‘‘January 1, 2007’’ in subsection (e). 
(3) EXTENSION OF REPLACEMENT PERIOD FOR 
NONRECOGNITION OF GAIN.—Section 405, by sub-
stituting ‘‘on or after the applicable disaster date’’ 
for ‘‘on or after August 25, 2005’’. 
SEC. 3. RESCISSION OF UNSPENT AND UNCOMMITTED FED-
ERAL FUNDS. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, of all available unobligated Federal funds, 
$12,000,000,000 in appropriated discretionary unexpired 
funds are rescinded. 
(b) IMPLEMENTATION.—Not later than 60 days after 
the date of enactment of this Act, the Director of the Of-
fice of Management and Budget shall— 
(1) identify the accounts and amounts rescinded 
to implement subsection (a); and 
(2) submit a report to the Secretary of the 
Treasury and Congress of the accounts and amounts 
identified under paragraph (1) for rescission. 
(c) EXCEPTION.—This section shall not apply to the 
unobligated Federal funds of the Department of Defense 
or the Department of Veterans Affairs. 
Æ 
VerDate Mar 15 2010 
03:21 Jun 29, 2011
Jkt 099200
PO 00000
Frm 00020
Fmt 6652
Sfmt 6301
E:\BILLS\H2321.IH
H2321
tjames on DSKG8SOYB1PROD with BILLS