datamatters24/research-document-archive huggingface dataset:
IB
Union Calendar No. 289
106TH CONGRESS
2D SESSION
H. R. 3845
[Report No. 106–520]
To make corrections to the Small Business Investment Act of 1958, and
for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. TALENT (for himself and Ms. VELA´ZQUEZ) introduced the following bill;
which was referred to the Committee on Small Business
MARCH 14, 2000
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
A BILL
To make corrections to the Small Business Investment Act
of 1958, 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 ‘‘Small Business Invest-
ment Corrections Act of 2000’’.
SEC. 2. DEFINITIONS.
(a) 
SMALL
BUSINESS
CONCERN.—Section
103(5)(A)(i) of the Small Business Investment Act of
1958 (15 U.S.C. 662(5)(A)(i)) is amended by inserting
‘‘regardless of the allocation of control during the invest-
ment period under any investment agreement between the
business concern and the entity making the investment’’
before the semicolon at the end.
(b) LONG TERM.—Section 103 of the Small Business
Investment Act of 1958 (15 U.S.C. 662) is amended—
(1) in paragraph (15), by striking ‘‘and’’ at the
end;
(2) in paragraph (16), by striking the period at
the end and inserting ‘‘; and’’; and
(3) by adding at the end the following new
paragraph:
‘‘(17) the term ‘long term’, when used in con-
nection with equity capital or loan funds invested in
any small business concern or smaller enterprise,
means any period of time not less than 1 year.’’.
SEC. 3. SUBSIDY FEES.
(a) DEBENTURES.—Section 303(b) of the Small
Business Investment Act of 1958 (15 U.S.C. 683(b)) is
amended by striking ‘‘plus an additional charge of 1 per-
cent per annum which shall be paid to and retained by
the Administration’’ and inserting ‘‘plus an additional
‘‘(ii) in addition to the employee’s
base compensation, compensation based
upon each sale attributable to the em-
ployee;
‘‘(F) the employee’s aggregate compensa-
tion based upon sales attributable to the em-
ployee is not less than 40 percent of one and
one-half times the minimum wage multiplied by
2,080;
‘‘(G) the employee receives a rate of com-
pensation based upon each sale attributable to
the employee which is beyond sales required to
reach the compensation required by subpara-
graph (F) which rate is not less than the rate
on which the compensation required by sub-
paragraph (F) is determined; and
‘‘(H) the rate of annual compensation or
base compensation for any employee who did
not work for an employer for an entire calendar
year is prorated to reflect annual compensation
which would have been earned if the employee
had been compensated at the same rate for the
entire calendar year;’’.
charge, in an amount established annually by the Adminis-
tration, of not more than 1 percent per year as necessary
to reduce to zero the cost (as defined in section 502 of
the Federal Credit Reform Act of 1990 (2 U.S.C. 661a))
to the Administration of purchasing and guaranteeing de-
bentures under this Act, which shall be paid to and re-
tained by the Administration’’.
(b) PARTICIPATING SECURITIES.—Section 303(g)(2)
of the Small Business Investment Act of 1958 (15 U.S.C.
683(g)(2)) is amended by striking ‘‘plus an additional
charge of 1 percent per annum which shall be paid to and
retained by the Administration’’ and inserting ‘‘plus an
additional charge, in an amount established annually by
the Administration, of not more than 1 percent per year
as necessary to reduce to zero the cost (as defined in sec-
tion 502 of the Federal Credit Reform Act of 1990 (2
U.S.C. 661a)) to the Administration of purchasing and
guaranteeing participating securities under this Act, which
shall be paid to and retained by the Administration’’.
SEC. 4. DISTRIBUTIONS.
Section 303(g)(8) of the Small Business Investment
Act of 1958 (15 U.S.C. 683(g)(8)) is amended—
(1) by striking ‘‘subchapter s corporation’’ and
inserting ‘‘subchapter S corporation’’;
(2) by striking ‘‘the end of any calendar quarter
based on a quarterly’’ and inserting ‘‘any time dur-
ing any calendar quarter based on an’’; and
(3) by striking ‘‘quarterly distributions for a
calendar year,’’ and inserting ‘‘interim distributions
for a calendar year,’’.
SEC. 5. CONFORMING AMENDMENT.
Section 310(c)(4) of the Small Business Investment
Act of 1958 (15 U.S.C. 687b(c)(4)) is amended by strik-
ing ‘‘five years’’ and inserting ‘‘1 year’’.
Union Calendar No. 289
106TH CONGRESS
2D SESSION
H. R. 3845
[Report No. 106–520]
A BILL
To make corrections to the Small Business
Investment Act of 1958, and for other purposes.
MARCH 14, 2000
Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
I
106TH CONGRESS
2D SESSION
H. R. 3846
To amend the Fair Labor Standards Act of 1938 to increase the minimum
wage, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. SHIMKUS introduced the following bill; which was referred to the
Committee on Education and the Workforce
A BILL
To amend the Fair Labor Standards Act of 1938 to increase
the minimum wage, 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. MINIMUM WAGE.
Section 6(a)(1) of the Fair Labor Standards Act of
1938 (29 U.S.C. 206(a)(1)) is amended to read as follows:
‘‘(1) except as otherwise provided in this sec-
tion, not less than—
‘‘(A) $5.15 an hour beginning September
1, 1997,
‘‘(B) $5.48 an hour during the year begin-
ning April 1, 2000,
‘‘(C) $5.81 an hour during the year begin-
ning April 1, 2001, and
‘‘(D) $6.15 an hour beginning April 1,
2002;’’.
SEC. 2. EXEMPTION FOR COMPUTER PROFESSIONALS.
Section 13(a) of the Fair Labor Standards Act of
1938 (29 U.S.C. 213(a)) is amended by amending para-
graph (17) to read as follows:
‘‘(17) any employee who is a computer systems,
network, or database analyst, designer, developer,
programmer, software engineer, or other similarly
skilled worker—
‘‘(A) whose primary duty is—
‘‘(i) the application of systems or net-
work or database analysis techniques and
procedures, 
including 
consulting 
with
users, to determine hardware, software,
systems, network, or database specifica-
tions (including functional specifications);
‘‘(ii) the design, configuration, devel-
opment, integration, documentation, anal-
ysis, creation, testing, securing, or modi-
fication of, or problem resolution for, com-
puter systems, networks, databases, or pro-
grams, including prototypes, based on and
related to user, system, network, or data-
base specifications, including design speci-
fications and machine operating systems;
‘‘(iii) the management or training of
employees performing duties described in
clause (i) or (ii); or
‘‘(iv) a combination of duties de-
scribed in clauses (i), (ii), or (iii) the per-
formance of which requires the same level
of skills; and
‘‘(B) who, in the case of an employee who
is compensated on an hourly basis, is com-
pensated at a rate of not less than $27.63 an
hour.
For purposes of paragraph (17), the term ‘network’
includes the Internet and intranet networks and the
world wide web. An employee who meets the exemp-
tion provided by paragraph (17) shall be considered
an employee in a professional capacity pursuant to
paragraph (1);’’.
SEC. 3. EXEMPTION FOR CERTAIN SALES EMPLOYEES.
(a) AMENDMENT.—Section 13(a) of the Fair Labor
Standards Act of 1938 (29 U.S.C. 213(a)), as amended
would otherwise be covered by the minimum wage
rate prescribed by subsection (a)(1).’’.
Æ
I
106TH CONGRESS
2D SESSION
H. R. 3848
To direct the Secretary of Transportation to enter into an arrangement
with Temple University to conduct a study on the impact on highway
safety of distractions to drivers operating motor vehicles in the United
States.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. BRADY of Pennsylvania introduced the following bill; which was referred
to the Committee on Transportation and Infrastructure
A BILL
To direct the Secretary of Transportation to enter into an
arrangement with Temple University to conduct a study
on the impact on highway safety of distractions to drivers
operating motor vehicles in the United States.
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 ‘‘Driver Distraction Pre-
vention Act of 2000’’.
SEC. 2. STUDY.
(a) IN GENERAL.—Not later than 90 days after the
date of enactment of this Act, the Secretary of Transpor-
tation shall enter into an arrangement with Temple Uni-
versity’s Institute for Survey Research, located in Phila-
delphia, Pennsylvania, to conduct a study on the impact
on highway safety of distractions to drivers operating
motor vehicles in the United States.
(b) CONTENTS.—The study conducted under sub-
section (a) shall include each of the following:
(1) An analysis of the impact on highway safety
of the use of communications and entertainment
technologies by drivers, including the use of—
(A) wireless telephones;
(B) pagers;
(C) facsimile machines;
(D) locator and global positioning devices;
(E) AM/FM radios;
(F) citizen band radios;
(G) dispatch radios;
(H) compact disc players;
(I) audio cassette players; and
(J) televisions and other video players.
(2) An analysis of any other distractions to
drivers, if such distractions substantially impact
highway safety.
(3) A review and analysis of any other studies
of the impact on highway safety of distractions to
drivers.
(4) An analysis of any technologies, existing or
proposed, that reduce distractions to drivers.
(5) Recommendations for any public or private
strategies, including any proposals for legislative or
regulatory action, to reduce the negative impacts on
highway safety of distractions to drivers.
(c) TRANSMITTAL.—The Secretary shall require
under any arrangement entered into under subsection (a)
that, not later than 1 year after the date on which the
Secretary entered into such arrangement, Temple Univer-
sity’s Institute for Survey Research transmit copies of the
study conducted under this Act to the Secretary and to
Congress.
SEC. 3. AUTHORIZATION OF APPROPRIATIONS.
There is authorized to be appropriated to carry out
this Act $1,000,000 for fiscal year 2001.
Æ
and the greater burden such rules impose on such carriers
and their customers.
‘‘(b) EFFECT OF RECONSIDERATION OR WAIVER.—
If the Commission adopts a rule that applies to incumbent
local exchange carriers and does not adopt such separate
and less burdensome regulatory, compliance, or reporting
requirements, or exemptions from such requirements, for
two percent carriers and if a two percent carrier or car-
riers seek a waiver or reconsideration of the rule as adopt-
ed in accordance with the Commission’s rules, the Com-
mission shall not enforce the rule against such carrier or
carriers unless and until the Commission adopts separate
and less burdensome requirements or exemptions in ac-
cordance with subsection (a).
‘‘(c) ADDITIONAL REGULATION NOT REQUIRED.—
Nothing in this section shall be construed to require the
Commission to adopt regulatory, compliance, or reporting
requirements of any kind for two percent carriers where
none currently exist. Nothing in this section shall be con-
strued to require any additional regulation to be imposed
on commercial mobile radio service.
‘‘(d) SAVINGS CLAUSE.—Nothing in this section shall
be construed to prohibit any size-based differentiation
among carriers mandated by this Act, the Regulatory
if they had been filed on the date of the enactment of this
Act.
Passed the House of Representatives October 3,
2000.
Attest:
Clerk.
(1) TRANSFERS TO PARTNERSHIP.—In the case
of transfers by a qualified electing S corporation to
a partnership in connection with an eligible cor-
porate conversion, no gain or loss shall be recognized
by shareholders of such corporation with respect to
money or property received by the partnership.
(2) OTHER
TRANSFERS.—All other distribu-
tions of money or property by the qualified electing
S corporation shall be treated as a distribution in
part or full payment in exchange for the stock of
such corporation.
(c) QUALIFIED ELECTING S CORPORATION.—For
purposes of this section, the term ‘‘qualified electing S cor-
poration’’ means a domestic corporation which—
(A) has had a valid S election continuously
in effect for all taxable years of the corporation
beginning on or after January 1, 1990, and
(B) has never made an election under this
section.
(d) ELIGIBLE CORPORATE CONVERSION.—For pur-
poses of this section—
(1) IN GENERAL.—The term ‘‘eligible corporate
conversion’’ means (however effected)—
(A) a transfer by a qualified electing S cor-
poration of substantially all of its assets to a
partnership (as defined in section 7701(a)(2) of
the Internal Revenue Code of 1986) for not less
than 80 percent of the capital and profits of the
partnership in any taxable year of the corpora-
tion ending on or before December 31, 2005,
(B) the meeting of the requirement de-
scribed in paragraph (2) by the partnership,
and
(C) the subsequent liquidation and dissolu-
tion of the qualified S corporation within the
same taxable year as the transfer.
(2) 
CONTINUITY
OF
BUSINESS
REQUIRE-
MENT.—
(A) IN
GENERAL.—The requirement de-
scribed in this paragraph is met if the partner-
ship described in paragraph (1)(A) either—
(i) maintains the continuity of the
qualified electing S corporation’s business
for 5 consecutive taxable years following
the year in which the corporate conversion
occurs, or
(ii) pays a corporate conversion recap-
ture tax in the taxable year in which the
failure to maintain such continuity first oc-
curs.
I
106TH CONGRESS
2D SESSION
H. R. 3851
To provide an election for a special tax treatment of certain S corporation
conversions.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mrs. CUBIN introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To provide an election for a special tax treatment of certain
S corporation conversions.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. ELECTION FOR SPECIAL TAX TREATMENT OF
CERTAIN S CORPORATION CONVERSIONS.
(a) IN GENERAL.—A qualified electing S corporation
may elect the special tax treatment provided in subsection
(b) for an eligible corporate conversion in the manner set
forth in subsection (e).
(b) SPECIAL TAX TREATMENT.—
(B) CONTINUITY
OF
THE
QUALIFIED
ELECTING
S
CORPORATION’S
BUSINESS.—For
purposes of subparagraph (A)(i), the term
‘‘continuity of the qualified electing S corpora-
tion’s business’’ means, under all the facts and
circumstances, either—
(i) the continuation of 1 or more of
the S corporation’s historic lines of busi-
ness, or
(ii) the use of a significant portion of
the S corporation’s historic business assets,
whether or not such assets have a taxable
basis, in the conduct of an active trade or
business.
(C) CORPORATE CONVERSION RECAPTURE
TAX.—For purposes of subparagraph (A)(ii),
the term ‘‘corporate conversion recapture tax’’
means—
(i) a recomputation of the tax under
subtitle A of the Internal Revenue Code of
1986 of the partnership and the partners
as if—
(I) the partnership were an S
corporation,
(II) the stock of such S corpora-
tion was owned in the same manner
as the capital of the partnership, and
(III) the S corporation were dis-
solved and its assets distributed to its
shareholders in complete liquidation
on the last day of the taxable year,
multiplied by
(ii) a fraction—
(I) the numerator of which is the
excess (if any) of 5 over the number
of complete taxable years in which the
partnership maintains continuity of
the qualified electing S corporation’s
business, and
(II) the denominator of which is
5.
(d) BASIS RULES.—In the case of an eligible cor-
porate conversion, property in the hands of the partner-
ship shall have the same basis as in the hands of the quali-
fied electing S corporation immediately prior to the eligible
corporate conversion.
(e) METHOD OF MAKING ELECTION.—In order to
elect the special tax treatment provided in subsection (b)
for an eligible corporate conversion, the qualified electing
S corporation shall file a written election claiming such
treatment with the timely-filed information return of the
S corporation for the taxable year in which the eligible
corporate conversion occurs.
Æ
I
106TH CONGRESS
2D SESSION
H. R. 3852
To extend the deadline for commencement of construction of a hydroelectric
project in the State of Alabama.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. DEMINT introduced the following bill; which was referred to the
Committee on Commerce
A BILL
To extend the deadline for commencement of construction
of a hydroelectric project in the State of Alabama.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. EXTENSION OF DEADLINE AND REINSTATE-
MENT OF LICENSE.
(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 the Federal En-
ergy Regulatory Commission project numbered 7115, the
Commission shall, at the request of the licensee for the
project, in accordance with the good faith, due diligence,
and public interest requirements of that section and the
Commission’s procedures under that section, extend for 3
consecutive 2-year periods, the time period during which
the licensee is required to commence construction of the
project.
(b) APPLICABILITY.—Subsection (a) shall take effect
on the expiration of the period required for commencement
of construction of the project described in subsection (a).
(c) REINSTATEMENT OF EXPIRED LICENSE.—If the
license for the project described in subsection (a) has ex-
pired prior to the date of enactment of this Act, the Com-
mission shall reinstate the license effective as of the date
of its expiration and extend the time required for com-
mencement of construction of the project for not more
than 3 consecutive 2-year periods, the first of which shall
commence on the date of expiration of the license.
Æ
‘‘§ 1100. Protection of social security surpluses
‘‘The budget of the United States Government sub-
mitted by the President under this chapter shall not rec-
ommend an on-budget deficit for any fiscal year covered
by that budget unless it includes proposed legislative lan-
guage for social security reform legislation as defined by
section 7(1) of the Social Security and Medicare Lock-box
Act of 2000.’’.
(2) The chapter analysis for chapter 11 of title 31,
United States Code, is amended by inserting before the
item relating to section 1101 the following:
‘‘1100. Protection of Social Security Surpluses.’’.
(b) MEDICARE.—(1) Chapter 11 of subtitle II of title
31, United States Code, is amended by adding after sec-
tion 1100 the following:
‘‘§ 1100A. Protection of medicare surpluses
‘‘The budget of the United States Government sub-
mitted by the President under this chapter shall not rec-
ommend an on-budget surplus for any fiscal year that is
less than the projected surplus of the Federal Hospital
Insurance Trust Fund for that fiscal year unless it in-
cludes proposed legislative language for medicare reform
legislation as defined by section 7(2) of the Social Security
and Medicare Lock-box Act of 2000 or social security re-
form legislation as defined by section 7(1) of that Act.’’.
IB
Union Calendar No. 344
106TH CONGRESS
2D SESSION
H. R. 3852
[Report No. 106–629]
To extend the deadline for commencement of construction of a hydroelectric
project in the State of Alabama.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. DEMINT introduced the following bill; which was referred to the
Committee on Commerce
MAY 19, 2000
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
A BILL
To extend the deadline for commencement of construction
of a hydroelectric project in the State of Alabama.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. EXTENSION OF DEADLINE AND REINSTATE-
MENT OF LICENSE.
(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 the Federal En-
ergy Regulatory Commission project numbered 7115, the
Commission shall, at the request of the licensee for the
project, in accordance with the good faith, due diligence,
and public interest requirements of that section and the
Commission’s procedures under that section, extend for 3
consecutive 2-year periods, the time period during which
the licensee is required to commence construction of the
project.
(b) APPLICABILITY.—Subsection (a) shall take effect
on the expiration of the period required for commencement
of construction of the project described in subsection (a).
(c) REINSTATEMENT OF EXPIRED LICENSE.—If the
license for the project described in subsection (a) has ex-
pired prior to the date of enactment of this Act, the Com-
mission shall reinstate the license effective as of the date
of its expiration and extend the time required for com-
mencement of construction of the project for not more
than 3 consecutive 2-year periods, the first of which shall
commence on the date of expiration of the license.
Calendar No. 344
106TH CONGRESS
2D SESSION
H. R. 3852
[Report No. 106–629]
A BILL
To extend the deadline for commencement of con-
struction of a hydroelectric project in the State
of Alabama.
MAY 19, 2000
Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
I
106TH CONGRESS
2D SESSION
H. R. 3853
To reduce temporarily the duty on Mesamoll.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. DEMINT introduced the following bill; which was referred to the
Committee on Ways and Means
A BILL
To reduce temporarily the duty on Mesamoll.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. REDUCTION OF DUTY ON MESAMOLL.
(a) IN GENERAL.—Subchapter II of chapter 99 of
the Harmonized Tariff Schedule of the United States is
amended by inserting in numerical sequence the following
new subheading:
‘‘
9902.38.14
A certain
Alkylsulfonic
Acid Ester of
Phenol (CAS No.
70775–94–9)
(provided for in
subheading
3812.20.10) .......
Free
No change
No change
On or before
12/31/2002
’’.
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) applies to goods entered, or withdrawn from
warehouse for consumption, on or after the 15th day after
the date of the enactment of this Act.
Æ
(2) CHAPTER ANALYSIS.—The chapter analysis for
chapter 11 of title 31, United States Code, is amended
by inserting after the item relating to section 1100 the
following:
‘‘1100A. Protection of Medicare Surpluses.’’.
SEC. 7. DEFINITIONS.
As used in this Act:
(1) SOCIAL SECURITY REFORM LEGISLATION.—
The term ‘‘social security reform legislation’’ means
a bill or a joint resolution to save social security and
includes a provision stating the following: ‘‘For pur-
poses of the Social Security and Medicare Lock-box
Act of 2000, this Act constitutes social security re-
form legislation to save social security.’’.
(2) MEDICARE
REFORM
LEGISLATION.—The
term ‘‘medicare reform legislation’’ means a bill or
a joint resolution to save Medicare and includes a
provision stating the following: ‘‘For purposes of the
Social Security and Medicare Lock-box Act of 2000,
this Act constitutes medicare reform legislation to
save medicare.’’.
SEC. 8. EFFECTIVE DATE.
(a) IN GENERAL.—This Act shall take effect upon
the date of its enactment and the amendments made by
this Act shall apply to fiscal year 2001 and subsequent
fiscal years.