106
(2) Subparagraph (A) of section 220(j)(4) is
amended by striking ‘‘and 2001’’ and inserting
‘‘2001, and 2002’’.
(c) EFFECTIVE DATE.—The amendments made by this
section shall take effect on January 1, 2002.
SEC. 613. INCENTIVES FOR INDIAN EMPLOYMENT AND
PROPERTY ON INDIAN RESERVATIONS.
(a) EMPLOYMENT.—Subsection (f) of section 45A is
amended by striking ‘‘December 31, 2003’’ and inserting
‘‘December 31, 2004’’.
(b) PROPERTY.—Paragraph (8) of section 168(j) is
amended by striking ‘‘December 31, 2003’’ and inserting
‘‘December 31, 2004’’.
SEC. 614. SUBPART F EXEMPTION FOR ACTIVE FINANCING.
(a) IN GENERAL.—
(1) Section 953(e)(10) is amended—
(A) by striking ‘‘January 1, 2002’’ and in-
serting ‘‘January 1, 2007’’, and
(B) by striking ‘‘December 31, 2001’’ and
inserting ‘‘December 31, 2006’’.
(2) Section 954(h)(9) is amended by striking
‘‘January 1, 2002’’ and inserting ‘‘January 1, 2007’’.
(b) LIFE INSURANCE AND ANNUITY CONTRACTS.—
(1) IN GENERAL.—Subparagraph (B) of section
954(i)(4) is amended to read as follows:
107
‘‘(B) LIFE INSURANCE AND ANNUITY CON-
TRACTS.—
‘‘(i) IN GENERAL.—Except as provided
in clause (ii), the amount of the reserve of
a qualifying insurance company or quali-
fying insurance company branch for any
life insurance or annuity contract shall be
equal to the greater of—
‘‘(I) the net surrender value of
such contract (as defined in section
807(e)(1)(A)), or
‘‘(II) the reserve determined under
paragraph (5).
‘‘(ii) RULING
REQUEST, 
ETC.—The
amount of the reserve under clause (i) shall
be the foreign statement reserve for the con-
tract (less any catastrophe, deficiency,
equalization, or similar reserves), if, pursu-
ant to a ruling request submitted by the
taxpayer or as provided in published guid-
ance, the Secretary determines that the fac-
tors taken into account in determining the
foreign statement reserve provide an appro-
priate means of measuring income.’’.
108
(c) EFFECTIVE DATE.—The amendments made by this
section shall apply to taxable years beginning after Decem-
ber 31, 2001.
SEC. 615. REPEAL OF REQUIREMENT FOR APPROVED DIE-
SEL OR KEROSENE TERMINALS.
(a) IN GENERAL.—Subsection (e) of section 4101 is
hereby repealed.
(b) EFFECTIVE DATE.—The amendment made by sub-
section (a) shall take effect on January 1, 2002.
SEC. 616. REAUTHORIZATION OF TANF SUPPLEMENTAL
GRANTS FOR POPULATION INCREASES FOR
FISCAL YEAR 2002.
Section 403(a)(3) of the Social Security Act (42 U.S.C.
603(a)(3)) is amended by adding at the end the following:
‘‘(H) REAUTHORIZATION
OF
GRANTS
FOR
FISCAL YEAR 2002.—Notwithstanding any other
provision of this paragraph—
‘‘(i) any State that was a qualifying
State under this paragraph for fiscal year
2001 or any prior fiscal year shall be enti-
tled to receive from the Secretary for fiscal
year 2002 a grant in an amount equal to
the amount required to be paid to the State
under this paragraph for the most recent
109
fiscal year in which the State was a quali-
fying State;
‘‘(ii) subparagraph (G) shall be ap-
plied as if ‘2002’ were substituted for
‘2001’; and
‘‘(iii) out of any money in the Treas-
ury of the United States not otherwise ap-
propriated, there are appropriated for fiscal
year 2002 such sums as are necessary for
grants under this subparagraph.’’.
SEC. 617. 1-YEAR EXTENSION OF CONTINGENCY FUND
UNDER THE TANF PROGRAM.
Section 403(b) of the Social Security Act (42 U.S.C.
603(b)) is amended—
(1) in paragraph (2), by striking ‘‘and 2001’’
and inserting ‘‘2001, and 2002’’; and
(2) in paragraph (3)(C)(ii), by striking ‘‘2001’’
and inserting ‘‘2002’’.
Attest:
Clerk.
107TH CONGRESS
2D SESSION
H.R. 3090
HOUSE AMENDMENT TO
SENATE AMENDMENT