I 
113TH CONGRESS 
2D SESSION 
H. R. 4 
To make revisions to Federal law to improve the conditions necessary for 
economic growth and job creation, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 15, 2014 
Mr. CAMP (for himself, Mr. HASTINGS of Washington, Mr. ISSA, Mr. GOOD-
LATTE, and Mr. HENSARLING) introduced the following bill; which was 
referred to the Committee on Ways and Means, and in addition to the 
Committees on the Budget, Oversight and Government Reform, Rules, 
the Judiciary, Financial Services, Agriculture, Natural Resources, and 
Small Business, for a period to be subsequently determined by the Speak-
er, in each case for consideration of such provisions as fall within the ju-
risdiction of the committee concerned 
A BILL 
To make revisions to Federal law to improve the conditions 
necessary for economic growth and job creation, 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 ‘‘Jobs for America Act’’. 
SEC. 2. TABLE OF CONTENTS. 
The table of contents for this Act is as follows: 
Sec. 1. Short title. 
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Sec. 2. Table of contents. 
Sec. 3. PAYGO scorecard. 
DIVISION I—WAYS AND MEANS 
TITLE I—SAVE AMERICAN WORKERS 
Sec. 101. Short title. 
Sec. 102. Repeal of 30-hour threshold for classification as full-time employee 
for purposes of the employer mandate in the Patient Protection 
and Affordable Care Act and replacement with 40 hours. 
TITLE II—HIRE MORE HEROES 
Sec. 201. Short title. 
Sec. 202. Employees with health coverage under TRICARE or the Veterans 
Administration may be exempted from employer mandate 
under Patient Protection and Affordable Care Act. 
TITLE III—AMERICAN RESEARCH AND COMPETITIVENESS 
Sec. 301. Short title. 
Sec. 302. Research credit simplified and made permanent. 
Sec. 303. PAYGO Scorecard. 
TITLE IV—AMERICA’S SMALL BUSINESS TAX RELIEF 
Sec. 401. Short title. 
Sec. 402. Expensing certain depreciable business assets for small business. 
Sec. 403. Budgetary effects. 
TITLE V—S CORPORATION PERMANENT TAX RELIEF 
Sec. 501. Short title. 
Sec. 502. Reduced recognition period for built-in gains of S corporations made 
permanent. 
Sec. 503. Permanent rule regarding basis adjustment to stock of S corporations 
making charitable contributions of property. 
Sec. 504. Budgetary effects. 
TITLE VI—BONUS DEPRECIATION MODIFIED AND MADE 
PERMANENT 
Sec. 601. Bonus depreciation modified and made permanent. 
Sec. 602. Budgetary effects. 
TITLE VII—REPEAL OF MEDICAL DEVICE EXCISE TAX 
Sec. 701. Repeal of medical device excise tax. 
Sec. 702. Budgetary effects. 
DIVISION II—FINANCIAL SERVICES 
TITLE I—SMALL BUSINESS CAPITAL ACCESS AND JOB 
PRESERVATION 
Sec. 101. Short title. 
Sec. 102. Registration and reporting exemptions relating to private equity 
funds advisors. 
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TITLE II—SMALL BUSINESS MERGERS, ACQUISITIONS, SALES, 
AND BROKERAGE SIMPLIFICATION 
Sec. 201. Short title. 
Sec. 202. Registration exemption for merger and acquisition brokers. 
Sec. 203. Effective date. 
DIVISION III—OVERSIGHT 
SUBDIVISION A—UNFUNDED MANDATES INFORMATION AND TRANSPARENCY 
Sec. 101. Short title. 
Sec. 102. Purpose. 
Sec. 103. Providing for Congressional Budget Office studies on policies involv-
ing changes in conditions of grant aid. 
Sec. 104. Clarifying the definition of direct costs to reflect Congressional Budg-
et Office practice. 
Sec. 105. Expanding the scope of reporting requirements to include regulations 
imposed by independent regulatory agencies. 
Sec. 106. Amendments to replace Office of Management and Budget with Of-
fice of Information and Regulatory Affairs. 
Sec. 107. Applying substantive point of order to private sector mandates. 
Sec. 108. Regulatory process and principles. 
Sec. 109. Expanding the scope of statements to accompany significant regu-
latory actions. 
Sec. 110. Enhanced stakeholder consultation. 
Sec. 111. New authorities and responsibilities for Office of Information and 
Regulatory Affairs. 
Sec. 112. Retrospective analysis of existing Federal regulations. 
Sec. 113. Expansion of judicial review. 
SUBDIVISION B—ACHIEVING LESS EXCESS IN REGULATION AND REQUIRING 
TRANSPARENCY 
Sec. 100. Short title; table of contents. 
TITLE I—ALL ECONOMIC REGULATIONS ARE TRANSPARENT ACT 
Sec. 101. Short title. 
Sec. 102. Office of Information and Regulatory Affairs publication of informa-
tion relating to rules. 
TITLE II—REGULATORY ACCOUNTABILITY ACT 
Sec. 201. Short title. 
Sec. 202. Definitions. 
Sec. 203. Rule making. 
Sec. 204. Agency guidance; procedures to issue major guidance; presidential au-
thority to issue guidelines for issuance of guidance. 
Sec. 205. Hearings; presiding employees; powers and duties; burden of proof; 
evidence; record as basis of decision. 
Sec. 206. Actions reviewable. 
Sec. 207. Scope of review. 
Sec. 208. Added definition. 
Sec. 209. Effective date. 
TITLE III—REGULATORY FLEXIBILITY IMPROVEMENTS ACT 
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Sec. 301. Short title. 
Sec. 302. Clarification and expansion of rules covered by the Regulatory Flexi-
bility Act. 
Sec. 303. Expansion of report of regulatory agenda. 
Sec. 304. Requirements providing for more detailed analyses. 
Sec. 305. Repeal of waiver and delay authority; additional powers of the Chief 
Counsel for Advocacy. 
Sec. 306. Procedures for gathering comments. 
Sec. 307. Periodic review of rules. 
Sec. 308. Judicial review of compliance with the requirements of the Regulatory 
Flexibility Act available after publication of the final rule. 
Sec. 309. Jurisdiction of court of appeals over rules implementing the Regu-
latory Flexibility Act. 
Sec. 310. Establishment and approval of small business concern size standards 
by Chief Counsel for Advocacy. 
Sec. 311. Clerical amendments. 
Sec. 312. Agency preparation of guides. 
Sec. 313. Comptroller General report. 
TITLE IV—SUNSHINE FOR REGULATORY DECREES AND 
SETTLEMENTS ACT 
Sec. 401. Short title. 
Sec. 402. Definitions. 
Sec. 403. Consent decree and settlement reform. 
Sec. 404. Motions to modify consent decrees. 
Sec. 405. Effective date. 
DIVISION IV—JUDICIARY 
TITLE I—REGULATIONS FROM THE EXECUTIVE IN NEED OF 
SCRUTINY 
Sec. 101. Short title. 
Sec. 102. Purpose. 
Sec. 103. Congressional review of agency rulemaking. 
Sec. 104. Budgetary effects of rules subject to section 802 of title 5, United 
States Code. 
Sec. 105. Government Accountability Office study of rules. 
TITLE II—PERMANENT INTERNET TAX FREEDOM 
Sec. 201. Short title. 
Sec. 202. Permanent moratorium on Internet access taxes and multiple and 
discriminatory taxes on electronic commerce. 
DIVISION V—NATURAL RESOURCES 
SUBDIVISION A—RESTORING HEALTHY FORESTS FOR HEALTHY 
COMMUNITIES 
Sec. 100. Short title. 
TITLE I—RESTORING THE COMMITMENT TO RURAL COUNTIES 
AND SCHOOLS 
Sec. 101. Purposes. 
Sec. 102. Definitions. 
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Sec. 103. Establishment of Forest Reserve Revenue Areas and annual volume 
requirements. 
Sec. 104. Management of Forest Reserve Revenue Areas. 
Sec. 105. Distribution of forest reserve revenues. 
Sec. 106. Annual report. 
TITLE II—HEALTHY FOREST MANAGEMENT AND CATASTROPHIC 
WILDFIRE PREVENTION 
Sec. 201. Purposes. 
Sec. 202. Definitions. 
Sec. 203. Hazardous fuel reduction projects and forest health projects in at-risk 
forests. 
Sec. 204. Environmental analysis. 
Sec. 205. State designation of high-risk areas of National Forest System and 
public lands. 
Sec. 206. Use of hazardous fuels reduction or forest health projects for high- 
risk areas. 
Sec. 207. Moratorium on use of prescribed fire in Mark Twain National Forest, 
Missouri, pending report. 
TITLE III—OREGON AND CALIFORNIA RAILROAD GRANT LANDS 
TRUST, CONSERVATION, AND JOBS 
Sec. 301. Short title. 
Sec. 302. Definitions. 
Subtitle A—Trust, Conservation, and Jobs 
CHAPTER 1—CREATION AND TERMS OF O&C TRUST 
Sec. 311. Creation of O&C Trust and designation of O&C Trust lands. 
Sec. 312. Legal effect of O&C Trust and judicial review. 
Sec. 313. Board of Trustees. 
Sec. 314. Management of O&C Trust lands. 
Sec. 315. Distribution of revenues from O&C Trust lands. 
Sec. 316. Land exchange authority. 
Sec. 317. Payments to the United States Treasury. 
CHAPTER 2—TRANSFER OF CERTAIN LANDS TO FOREST SERVICE 
Sec. 321. Transfer of certain Oregon and California Railroad Grant lands to 
Forest Service. 
Sec. 322. Management of transferred lands by Forest Service. 
Sec. 323. Management efficiencies and expedited land exchanges. 
Sec. 324. Review panel and old growth protection. 
Sec. 325. Uniqueness of old growth protection on Oregon and California Rail-
road Grant lands. 
CHAPTER 3—TRANSITION 
Sec. 331. Transition period and operations. 
Sec. 332. O&C Trust management capitalization. 
Sec. 333. Existing Bureau of Land Management and Forest Service contracts. 
Sec. 334. Protection of valid existing rights and access to non-Federal land. 
Sec. 335. Repeal of superseded law relating to Oregon and California Railroad 
Grant lands. 
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Subtitle B—Coos Bay Wagon Roads 
Sec. 341. Transfer of management authority over certain Coos Bay Wagon 
Road Grant lands to Coos County, Oregon. 
Sec. 342. Transfer of certain Coos Bay Wagon Road Grant lands to Forest 
Service. 
Sec. 343. Land exchange authority. 
Subtitle C—Oregon Treasures 
CHAPTER 1—WILDERNESS AREAS 
Sec. 351. Designation of Devil’s Staircase Wilderness. 
Sec. 352. Expansion of Wild Rogue Wilderness Area. 
CHAPTER 2—WILD AND SCENIC RIVER DESIGNATED AND RELATED 
PROTECTIONS 
Sec. 361. Wild and scenic river designations, Molalla River. 
Sec. 362. Wild and Scenic Rivers Act technical corrections related to Chetco 
River. 
Sec. 363. Wild and scenic river designations, Wasson Creek and Franklin 
Creek. 
Sec. 364. Wild and scenic river designations, Rogue River area. 
Sec. 365. Additional protections for Rogue River tributaries. 
CHAPTER 3—ADDITIONAL PROTECTIONS 
Sec. 371. Limitations on land acquisition. 
Sec. 372. Overflights. 
Sec. 373. Buffer zones. 
Sec. 374. Prevention of wildfires. 
Sec. 375. Limitation on designation of certain lands in Oregon. 
CHAPTER 4—EFFECTIVE DATE 
Sec. 381. Effective date. 
Subtitle D—Tribal Trust Lands 
PART 1—COUNCIL CREEK LAND CONVEYANCE 
Sec. 391. Definitions. 
Sec. 392. Conveyance. 
Sec. 393. Map and legal description. 
Sec. 394. Administration. 
PART 2—OREGON COASTAL LAND CONVEYANCE 
Sec. 395. Definitions. 
Sec. 396. Conveyance. 
Sec. 397. Map and legal description. 
Sec. 398. Administration. 
TITLE IV—COMMUNITY FOREST MANAGEMENT DEMONSTRATION 
Sec. 401. Purpose and definitions. 
Sec. 402. Establishment of community forest demonstration areas. 
Sec. 403. Advisory committee. 
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Sec. 404. Management of community forest demonstration areas. 
Sec. 405. Distribution of funds from community forest demonstration area. 
Sec. 406. Initial funding authority. 
Sec. 407. Payments to United States Treasury. 
Sec. 408. Termination of community forest demonstration area. 
TITLE V—REAUTHORIZATION AND AMENDMENT OF EXISTING 
AUTHORITIES AND OTHER MATTERS 
Sec. 501. Extension of Secure Rural Schools and Community Self-Determina-
tion Act of 2000 pending full operation of Forest Reserve Rev-
enue Areas. 
Sec. 502. Restoring original calculation method for 25-percent payments. 
Sec. 503. Forest Service and Bureau of Land Management good-neighbor co-
operation with States to reduce wildfire risks. 
Sec. 504. Treatment as supplemental funding. 
Sec. 505. Definition of fire suppression to include certain related activities. 
Sec. 506. Prohibition on certain actions regarding Forest Service roads and 
trails. 
SUBDIVISION B—NATIONAL STRATEGIC AND CRITICAL MINERALS 
PRODUCTION 
Sec. 100. Short title. 
Sec. 100A. Findings. 
Sec. 100B. Definitions. 
TITLE I—DEVELOPMENT OF DOMESTIC SOURCES OF STRATEGIC 
AND CRITICAL MINERALS 
Sec. 101. Improving development of strategic and critical minerals. 
Sec. 102. Responsibilities of the lead agency. 
Sec. 103. Conservation of the resource. 
Sec. 104. Federal register process for mineral exploration and mining projects. 
TITLE II—JUDICIAL REVIEW OF AGENCY ACTIONS RELATING TO 
EXPLORATION AND MINE PERMITS 
Sec. 201. Definitions for title. 
Sec. 202. Timely filings. 
Sec. 203. Right to intervene. 
Sec. 204. Expedition in hearing and determining the action. 
Sec. 205. Limitation on prospective relief. 
Sec. 206. Limitation on attorneys’ fees. 
TITLE III—MISCELLANEOUS PROVISIONS 
Sec. 301. Secretarial order not affected. 
SEC. 3. PAYGO SCORECARD. 
The budgetary effects of this Act shall not be entered 
on either PAYGO scorecard maintained pursuant to sec-
tion 4(d) of the Statutory Pay-As-You-Go Act of 2010. 
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DIVISION I—WAYS AND MEANS 
TITLE I—SAVE AMERICAN 
WORKERS 
SEC. 101. SHORT TITLE. 
This title may be cited as the ‘‘Save American Work-
ers Act of 2014’’. 
SEC. 102. REPEAL OF 30-HOUR THRESHOLD FOR CLASSI-
FICATION AS FULL-TIME EMPLOYEE FOR 
PURPOSES OF THE EMPLOYER MANDATE IN 
THE PATIENT PROTECTION AND AFFORD-
ABLE CARE ACT AND REPLACEMENT WITH 40 
HOURS. 
(a) FULL-TIME EQUIVALENTS.—Paragraph (2) of 
section 4980H(c) of the Internal Revenue Code of 1986 
is amended— 
(1) by repealing subparagraph (E), and 
(2) by inserting after subparagraph (D) the fol-
lowing new subparagraph: 
‘‘(E) FULL-TIME EQUIVALENTS TREATED 
AS
FULL-TIME
EMPLOYEES.—Solely for pur-
poses of determining whether an employer is an 
applicable large employer under this paragraph, 
an employer shall, in addition to the number of 
full-time employees for any month otherwise de-
termined, include for such month a number of 
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full-time employees determined by dividing the 
aggregate number of hours of service of employ-
ees who are not full-time employees for the 
month by 174.’’. 
(b) FULL-TIME EMPLOYEES.—Paragraph (4) of sec-
tion 4980H(c) of the Internal Revenue Code of 1986 is 
amended— 
(1) by repealing subparagraph (A), and 
(2) by inserting before subparagraph (B) the 
following new subparagraph: 
‘‘(A) IN
GENERAL.—The term ‘full-time 
employee’ means, with respect to any month, an 
employee who is employed on average at least 
40 hours of service per week.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to months beginning after Decem-
ber 31, 2013. 
TITLE II—HIRE MORE HEROES 
SEC. 201. SHORT TITLE. 
This title may be cited as the ‘‘Hire More Heroes Act 
of 2014’’. 
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SEC. 202. EMPLOYEES WITH HEALTH COVERAGE UNDER 
TRICARE OR THE VETERANS ADMINISTRA-
TION MAY BE EXEMPTED FROM EMPLOYER 
MANDATE UNDER PATIENT PROTECTION AND 
AFFORDABLE CARE ACT. 
(a) IN GENERAL.—Section 4980H(c)(2) of the Inter-
nal Revenue Code of 1986 is amended by adding at the 
end the following: 
‘‘(F) EXEMPTION FOR HEALTH COVERAGE 
UNDER TRICARE OR THE VETERANS ADMINIS-
TRATION.—Solely for purposes of determining 
whether an employer is an applicable large em-
ployer under this paragraph for any month, an 
employer may elect not to take into account for 
a month as an employee any individual who, for 
such month, has medical coverage under— 
‘‘(i) chapter 55 of title 10, United 
States Code, including coverage under the 
TRICARE program, or 
‘‘(ii) under a health care program 
under chapter 17 or 18 of title 38, United 
States Code, as determined by the Sec-
retary of Veterans Affairs, in coordination 
with the Secretary of Health and Human 
Services and the Secretary.’’. 
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(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to months beginning after De-
cember 31, 2013. 
TITLE 
III—AMERICAN 
RE-
SEARCH AND COMPETITIVE-
NESS 
SEC. 301. SHORT TITLE. 
This title may be cited as the ‘‘American Research 
and Competitiveness Act of 2014’’. 
SEC. 302. RESEARCH CREDIT SIMPLIFIED AND MADE PER-
MANENT. 
(a) IN GENERAL.—Subsection (a) of section 41 of the 
Internal Revenue Code of 1986 is amended to read as fol-
lows: 
‘‘(a) IN GENERAL.—For purposes of section 38, the 
research credit determined under this section for the tax-
able year shall be an amount equal to the sum of— 
‘‘(1) 20 percent of so much of the qualified re-
search expenses for the taxable year as exceeds 50 
percent of the average qualified research expenses 
for the 3 taxable years preceding the taxable year 
for which the credit is being determined, 
‘‘(2) 20 percent of so much of the basic re-
search payments for the taxable year as exceeds 50 
percent of the average basic research payments for 
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the 3 taxable years preceding the taxable year for 
which the credit is being determined, plus 
‘‘(3) 20 percent of the amounts paid or in-
curred by the taxpayer in carrying on any trade or 
business of the taxpayer during the taxable year (in-
cluding as contributions) to an energy research con-
sortium for energy research.’’. 
(b) REPEAL OF TERMINATION.—Section 41 of such 
Code is amended by striking subsection (h). 
(c) CONFORMING AMENDMENTS.— 
(1) Subsection (c) of section 41 of such Code 
is amended to read as follows: 
‘‘(c) DETERMINATION OF AVERAGE RESEARCH EX-
PENSES FOR PRIOR YEARS.— 
‘‘(1) SPECIAL RULE IN CASE OF NO QUALIFIED 
RESEARCH EXPENDITURES IN ANY OF 3 PRECEDING 
TAXABLE YEARS.—In any case in which the taxpayer 
has no qualified research expenses in any one of the 
3 taxable years preceding the taxable year for which 
the credit is being determined, the amount deter-
mined under subsection (a)(1) for such taxable year 
shall be equal to 10 percent of the qualified research 
expenses for the taxable year. 
‘‘(2) 
CONSISTENT
TREATMENT
OF
EX-
PENSES.— 
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‘‘(A) 
IN
GENERAL.—Notwithstanding 
whether the period for filing a claim for credit 
or refund has expired for any taxable year 
taken into account in determining the average 
qualified research expenses, or average basic re-
search payments, taken into account under sub-
section (a), the qualified research expenses and 
basic research payments taken into account in 
determining such averages shall be determined 
on a basis consistent with the determination of 
qualified research expenses and basic research 
payments, respectively, for the credit year. 
‘‘(B) PREVENTION OF DISTORTIONS.—The 
Secretary may prescribe regulations to prevent 
distortions in calculating a taxpayer’s qualified 
research expenses or basic research payments 
caused by a change in accounting methods used 
by such taxpayer between the current year and 
a year taken into account in determining the 
average qualified research expenses or average 
basic research payments taken into account 
under subsection (a).’’. 
(2) Section 41(e) of such Code is amended— 
(A) by striking all that precedes paragraph 
(6) and inserting the following: 
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‘‘(e) BASIC RESEARCH PAYMENTS.—For purposes of 
this section— 
‘‘(1) IN GENERAL.—The term ‘basic research 
payment’ means, with respect to any taxable year, 
any amount paid in cash during such taxable year 
by a corporation to any qualified organization for 
basic research but only if— 
‘‘(A) such payment is pursuant to a writ-
ten agreement between such corporation and 
such qualified organization, and 
‘‘(B) such basic research is to be per-
formed by such qualified organization. 
‘‘(2) EXCEPTION TO REQUIREMENT THAT RE-
SEARCH BE PERFORMED BY THE ORGANIZATION.— 
In the case of a qualified organization described in 
subparagraph (C) or (D) of paragraph (3), subpara-
graph (B) of paragraph (1) shall not apply.’’, 
(B) by redesignating paragraphs (6) and 
(7) as paragraphs (3) and (4), respectively, and 
(C) in paragraph (4) as so redesignated, 
by striking subparagraphs (B) and (C) and by 
redesignating subparagraphs (D) and (E) as 
subparagraphs (B) and (C), respectively. 
(3) Section 41(f)(3) of such Code is amended— 
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