136 
(1) by striking ‘‘OWNERSHIP.—In determining’’ 
and inserting the following: ‘‘OWNERSHIP.— 
‘‘(i) IN GENERAL.—In determining’’; 
and 
(2) by adding at the end the following new 
clauses: 
‘‘(ii) SPECIAL RULES FOR APPLYING 
FAMILY
ATTRIBUTION.—For purposes of 
applying the attribution rules under section 
318 with respect to clause (i), the following 
rules apply: 
‘‘(I) Community property laws 
shall be disregarded for purposes of 
determining ownership. 
‘‘(II) Except as provided by the 
Secretary, stock of an individual not 
attributed 
under 
section 
318(a)(1)(A)(i) to such individual’s 
spouse shall not be attributed by rea-
son of section 318(a)(1)(A)(ii) to such 
spouse from a child who has not at-
tained the age of 21 years. 
‘‘(III) Except as provided by the 
Secretary, in the case of stock in dif-
ferent corporations that is attributed 
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under section 318(a)(1)(A)(ii) to a 
child who has not attained the age of 
21 years from each parent, and is not 
attributed to such parents as spouses 
under section 318(a)(1)(A)(i), such 
attribution to the child shall not by 
itself result in such corporations being 
members of the same affiliated service 
group. 
‘‘(iii) PLAN SHALL NOT FAIL TO BE 
TREATED AS SATISFYING THIS SECTION.— 
If the application of clause (ii) causes two 
or more entities to be an affiliated service 
group, or to no longer be in an affiliated 
service group, such change shall be treated 
as 
a 
transaction 
to 
which 
section 
410(b)(6)(C) applies.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years beginning on or after 
the date of the enactment of this Act. 
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138 
SEC. 441. AMENDMENTS TO INCREASE BENEFIT ACCRUALS 
UNDER PLAN FOR PREVIOUS PLAN YEAR AL-
LOWED UNTIL EMPLOYER TAX RETURN DUE 
DATE. 
(a) IN GENERAL.—Section 401(b) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new paragraph: 
‘‘(3) RETROACTIVE PLAN AMENDMENTS THAT 
INCREASE BENEFIT ACCRUALS.—If— 
‘‘(A) an employer amends a stock bonus, 
pension, profit-sharing, or annuity plan to in-
crease benefits accrued under the plan effective 
for the preceding plan year (other than increas-
ing the amount of matching contributions (as 
defined in subsection (m)(4)(A))), 
‘‘(B) such amendment would not otherwise 
cause the plan to fail to meet any of the re-
quirements of this subchapter, and 
‘‘(C) such amendment is adopted before 
the time prescribed by law for filing the return 
of the employer for a taxable year (including 
extensions thereof) during which such amend-
ment is effective, 
the employer may elect to treat such amendment as 
having been adopted as of the last day of the plan 
year in which the amendment is effective.’’. 
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139 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years beginning after De-
cember 31, 2025. 
SEC. 442. RETROACTIVE FIRST YEAR ELECTIVE DEFER-
RALS FOR SOLE PROPRIETORS. 
(a) IN GENERAL.—Section 401(b)(2) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following: ‘‘In the case of an individual who owns the 
entire interest in an unincorporated trade or business, and 
who is the only employee of such trade or business, any 
elective deferrals (as defined in section 402(g)(3)) under 
a qualified cash or deferred arrangement to which the pre-
ceding sentence applies, which are made by such individual 
before the time for filing the return of such individual for 
the taxable year (determined without regard to any exten-
sions) ending after or with the end of the plan’s first plan 
year, shall be treated as having been made before the end 
of such first plan year.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to plan years beginning after the 
date of the enactment of this Act. 
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140 
SEC. 443. LIMITING CESSATION OF IRA TREATMENT TO 
PORTION OF ACCOUNT INVOLVED IN A PRO-
HIBITED TRANSACTION. 
(a) IN GENERAL.—Section 408(e)(2)(A) of the Inter-
nal Revenue Code of 1986 is amended by striking ‘‘such 
account ceases to be an individual retirement account’’ 
and inserting the following: ‘‘the amount involved (as de-
fined in section 4975(f)(4)) in such transaction shall be 
treated as distributed to the individual’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 408(e)(2)(B) of such Code is 
amended to read as follows: 
‘‘(B) ACCOUNT TREATED AS DISTRIBUTING 
POTION
OF
ASSETS
USED
IN
PROHIBITED 
TRANSACTION.—In any case in which a portion 
of an individual retirement account is treated as 
distributed under subparagraph (A) as of the 
first day of any taxable year, paragraph (1) of 
subsection (d) applies as if there were a dis-
tribution on such first day in an amount equal 
to the fair market value of such portion, deter-
mined as of the date on which the transaction 
prohibited by section 4975 occurs.’’. 
(A) by striking ‘‘ALL ITS ASSETS.—In any 
case’’ and all that follows through ‘‘by reason 
of subparagraph (A)’’ and inserting the fol-
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141 
lowing: ‘‘PORTION OF ASSETS USED IN PROHIB-
ITED TRANSACTION.—In any case in which a 
portion of an individual retirement account is 
treated as distributed under subparagraph 
(A)’’; and 
(B) by striking ‘‘all assets in the account’’ 
and inserting ‘‘such portion’’. 
(2) Section 4975(c)(3) of such Code is amended 
by striking ‘‘the account ceases’’ and all that follows 
and inserting the following: ‘‘the portion of the ac-
count used in the transaction is treated as distrib-
uted under paragraph (2)(A) or (4) of section 
408(e).’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 444. REVIEW OF PENSION RISK TRANSFER INTERPRE-
TIVE BULLETIN. 
Not later than 1 year after the date of enactment 
of this Act, the Secretary of Labor shall— 
(1) review section 2509.95–1 of title 29, Code 
of Federal Regulations (relating to the fiduciary 
standards under the Employee Retirement Income 
Security Act of 1974 when selecting an annuity pro-
vider for a defined benefit pension plan) to deter-
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142 
mine whether amendments to such section are war-
ranted; and 
(2) report to Congress on the findings of such 
review, including an assessment of any risk to par-
ticipants. 
SEC. 445. AMENDMENTS RELATING TO SETTING EVERY 
COMMUNITY UP FOR RETIREMENT ENHANCE-
MENT ACT OF 2019. 
(a) TECHNICAL AMENDMENTS.— 
(1) AMENDMENTS
RELATING
TO
SECTION 
103.— 
(A) Section 401(k)(12)(G) of the Internal 
Revenue Code of 1986 is amended by striking 
‘‘the requirements under subparagraph (A)(i)’’ 
and inserting ‘‘the contribution requirements 
under subparagraph (B) or (C)’’. 
(B) Section 401(k)(13)(D)(iv) of such 
Code is amended by striking ‘‘and (F)’’ and in-
serting ‘‘and (G)’’. 
(C) Section 401(m)(12) of such Code is 
amended by striking ‘‘and’’ at the end of sub-
paragraph (A), by redesignating subparagraph 
(B) as subparagraph (C), and by inserting after 
subparagraph (A) (as so amended) the fol-
lowing new subparagraph: 
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143 
‘‘(B) meets the notice requirements of sub-
section (k)(13)(E), and’’. 
(2) AMENDMENT RELATING TO SECTION 112.— 
Section 401(k)(15)(B)(i)(II) of such Code is amend-
ed by striking ‘‘subsection (m)(2)’’ and inserting 
‘‘paragraphs (2), (11), and (12) of subsection (m)’’. 
(3) AMENDMENT RELATING TO SECTION 114.— 
Section 401(a)(9)(C)(iii) of such Code is amended 
by striking ‘‘employee to whom clause (i)(II) ap-
plies’’ and inserting ‘‘employee (other than an em-
ployee to whom clause (i)(II) does not apply by rea-
son of clause (ii))’’. 
(4) AMENDMENT RELATING TO SECTION 116.— 
Section 4973(b) of such Code is amended by adding 
at the end of the flush matter the following: ‘‘Such 
term shall not include any designated nondeductible 
contribution (as defined in subparagraph (C) of sec-
tion 408(o)(2)) which does not exceed the non-
deductible limit under subparagraph (B) thereof by 
reason of an election under section 408(o)(5).’’. 
(5) EFFECTIVE DATE.—The amendments made 
by this subsection shall take effect as if included in 
the section of the Setting Every Community Up for 
Retirement Enhancement Act of 2019 to which the 
amendment relates. 
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144 
(b) CLERICAL AMENDMENTS.— 
(1) Section 408(o)(5)(A) of such Code is 
amended by striking ‘‘subsection (b)’’ and inserting 
‘‘section 219(b)’’. 
(2) Section 72(t)(2)(H)(vi)(IV) of such Code is 
amended by striking ‘‘403(b)(7)(A)(ii)’’ and insert-
ing ‘‘ 403(b)(7)(A)(i)’’. 
SEC. 446. PROVISIONS RELATING TO PLAN AMENDMENTS. 
(a) IN GENERAL.—If this section applies to any re-
tirement plan or contract amendment— 
(1) such retirement plan or contract shall be 
treated as being operated in accordance with the 
terms of the plan during the period described in sub-
section (b)(2)(A); and 
(2) except as provided by the Secretary of the 
Treasury (or the Secretary’s delegate), such retire-
ment plan shall not fail to meet the requirements of 
section 411(d)(6) of the Internal Revenue Code of 
1986 and section 204(g) of the Employee Retire-
ment Income Security Act of 1974 by reason of such 
amendment. 
(b) AMENDMENTS TO WHICH SECTION APPLIES.— 
(1) IN GENERAL.—This section shall apply to 
any amendment to any retirement plan or annuity 
contract which is made— 
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145 
(A) pursuant to any amendment made by 
this Act or pursuant to any regulation issued by 
the Secretary of the Treasury or the Secretary 
of Labor (or a delegate of either such Sec-
retary) under this Act; and 
(B) on or before the last day of the first 
plan year beginning on or after January 1, 
2026, or such later date as the Secretary of the 
Treasury may prescribe. 
In the case of a governmental plan (as defined in 
section 414(d) of the Internal Revenue Code of 
1986), or an applicable collectively bargained plan, 
this paragraph shall be applied by substituting 
‘‘2028’’ for ‘‘2026’’. For purposes of the preceding 
sentence, the term ‘‘applicable collectively bargained 
plan’’ means a plan maintained pursuant to 1 or 
more collective bargaining agreements between em-
ployee representatives and 1 or more employers rati-
fied before the date of enactment of this Act. 
(2) CONDITIONS.—This section shall not apply 
to any amendment unless— 
(A) during the period— 
(i) beginning on the date the legisla-
tive or regulatory amendment described in 
paragraph (1)(A) takes effect (or in the 
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146 
case of a plan or contract amendment not 
required by such legislative or regulatory 
amendment, the effective date specified by 
the plan); and 
(ii) ending on the date described in 
paragraph (1)(B) (as modified by the sec-
ond sentence of paragraph (1)) (or, if ear-
lier, the date the plan or contract amend-
ment is adopted), 
the plan or contract is operated as if such plan 
or contract amendment were in effect; and 
(B) such plan or contract amendment ap-
plies retroactively for such period. 
(c) COORDINATION WITH OTHER PROVISIONS RE-
LATING TO PLAN AMENDMENTS.— 
(1) SECURE
ACT.—Section 601(b)(1) of the 
Setting Every Community Up for Retirement En-
hancement Act of 2019 is amended— 
(A) by striking ‘‘January 1, 2022’’ in sub-
paragraph (B) and inserting ‘‘January 1, 
2024’’, and 
(B) by striking ‘‘substituting ‘2024’ for 
‘2022’.’’ in the flush matter at the end and in-
serting ‘‘substituting ‘2026’ for ‘2024’.’’. 
(2) CARES ACT.— 
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148 
SEC. 447. SIMPLE AND SEP ROTH IRAS. 
(a) IN GENERAL.—Section 408A of the Internal Rev-
enue Code of 1986 is amended by striking subsection (f). 
(b) RULES RELATING TO SIMPLIFIED EMPLOYEE 
PENSIONS.— 
(1) CONTRIBUTIONS.—Section 402(h)(1) of 
such Code is amended by striking ‘‘and’’ at the end 
of subparagraph (A), by striking the period at the 
end of subparagraph (B) and inserting ‘‘, and’’, and 
by adding at the end the following new subpara-
graph: 
‘‘(C) in the case of any contributions pur-
suant to a simplified employer pension which 
are made to an individual retirement plan des-
ignated as a Roth IRA, such contribution shall 
not be excludable from gross income.’’. 
(2) DISTRIBUTIONS.—Section 402(h)(3) of such 
Code is amended by inserting ‘‘, or section 408A(d) 
in the case of an individual retirement plan des-
ignated as a Roth IRA’’ before the period at the 
end. 
(3) ELECTION REQUIRED.—Section 408(k) of 
such Code is amended by redesignating paragraphs 
(7), (8), and (9) as paragraphs (8), (9), and (10), 
respectively, and by inserting the after paragraph 
(6) the following new paragraph: 
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150 
with respect to which an election has been made 
under section 408(p)(11) and to which 72(t)(6) ap-
plies, the term ‘qualified rollover contribution’ shall 
not include any payment or distribution paid into an 
account other than another simple retirement ac-
count (as so defined).’’. 
(d) COORDINATION WITH ROTH CONTRIBUTION LIM-
ITATION.—Section 408A(c) of such Code is amended by 
adding at the end the following new paragraph: 
‘‘(7) COORDINATION
WITH
LIMITATION
FOR 
SIMPLE RETIREMENT PLANS AND SEPS.—In the case 
of an individual on whose behalf contributions are 
made to a simple retirement account or a simplified 
employee pension, the amount described in para-
graph (2)(A) shall be increased by an amount equal 
to the contributions made on the individual’s behalf 
to such account or pension for the taxable year, but 
only to the extent such contributions— 
‘‘(A) in the case of a simplified retirement 
account— 
‘‘(i) do not exceed the sum of the dol-
lar amount in effect for the taxable year 
under section 408(p)(2)(A)(ii) and the em-
ployer contribution required under sub-
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151 
paragraph (A)(iii) or (B)(i), as the case 
may be, of section 408(p)(2), and 
‘‘(ii) do not cause the elective defer-
rals (as defined in section 402(g)(3)) on 
behalf of such individual to exceed the lim-
itation under section 402(g)(1) (taking 
into account any additional elective defer-
rals permitted under section 414(v)), or 
‘‘(B) in the case of a simplified employee 
pension, do not exceed the limitation in effect 
under section 408(j).’’. 
(e) 
CONFORMING
AMENDMENT.—Section 
408A(d)(2)(B) of such Code is amended by inserting ‘‘, 
or employer in the case of a simple retirement account 
(as defined in section 408(p)) or simplified employee pen-
sion (as defined in section 408(k)),’’ after ‘‘individual’s 
spouse’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2024. 
SEC. 448. HARDSHIP WITHDRAWAL RULES FOR 403(B) 
PLANS. 
(a) IN GENERAL.—Section 403(b) of the Internal 
Revenue Code of 1986, as amended by the preceding pro-
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152 
visions of this Act, is amended by adding at the end the 
following new paragraph: 
‘‘(16) SPECIAL RULES RELATING TO HARDSHIP 
WITHDRAWALS.—For purposes of paragraphs (7) 
and (11)— 
‘‘(A) AMOUNTS
WHICH
MAY
BE
WITH-
DRAWN.—The following amounts may be dis-
tributed upon hardship of the employee: 
‘‘(i) Contributions made pursuant to a 
salary reduction agreement (within the 
meaning of section 3121(a)(5)(D)). 
‘‘(ii) Qualified nonelective contribu-
tions (as defined in section 401(m)(4)(C)). 
‘‘(iii) Qualified matching contributions 
described in section 401(k)(3)(D)(ii)(I). 
‘‘(iv) Earnings on any contributions 
described in clause (i), (ii), or (iii). 
‘‘(B) NO REQUIREMENT TO TAKE AVAIL-
ABLE LOAN.—A distribution shall not be treat-
ed as failing to be made upon the hardship of 
an employee solely because the employee does 
not take any available loan under the plan.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 403(b)(7)(A)(i)(V) of such Code is 
amended by striking ‘‘in the case of contributions 
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153 
made pursuant to a salary reduction agreement 
(within the meaning of section 3121(a)(5)(D))’’ and 
inserting ‘‘subject to the provisions of paragraph 
(16)’’. 
(2) Paragraph (11) of section 403(b) of such 
Code, as amended by the preceding provisions of this 
Act, is amended— 
(A) by striking ‘‘in’’ in subparagraph (B) 
and inserting ‘‘subject to the provisions of para-
graph (16), in’’, and 
(B) by striking the penultimate sentence. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years beginning after De-
cember 31, 2024. 
SEC. 449. ELECTIVE DEFERRALS GENERALLY LIMITED TO 
REGULAR CONTRIBUTION LIMIT. 
(a) 
APPLICABLE
EMPLOYER
PLANS.—Section 
414(v)(1) of the Internal Revenue Code of 1986 is amend-
ed by adding at the end the following: ‘‘Except in the case 
of an applicable employer plan described in paragraph 
(6)(A)(iv), the preceding sentence shall only apply if con-
tributions are designated Roth contributions (as defined 
in section 402A(c)(1)).’’. 
(b) CONFORMING AMENDMENTS.— 
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154 
(1) Section 402(g)(1) of such Code is amended 
by striking subparagraph (C). 
(2) Section 457(e)(18)(A)(ii) of such Code is 
amended by inserting ‘‘the lesser of any designated 
Roth contributions made by the participant to the 
plan or’’ before ‘‘the applicable dollar amount’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2024. 
SEC. 450. OPTIONAL TREATMENT OF EMPLOYER MATCHING 
CONTRIBUTIONS AS ROTH CONTRIBUTIONS. 
(a) IN GENERAL.—Section 402A(a) of the Internal 
Revenue Code of 1986 is amended by redesignating para-
graph (2) as paragraph (3), by striking ‘‘and’’ at the end 
of paragraph (1), and by inserting after paragraph (1) the 
following new paragraph: 
‘‘(2) any designated Roth contribution which is 
made by the employer to the program on the em-
ployee’s behalf, and on account of the employee’s 
contribution, elective deferral, or (subject to the re-
quirements of section 401(m)(13)) qualified student 
loan payment, shall be treated as a matching con-
tribution for purposes of this chapter, except that 
such contribution shall not be excludable from gross 
income, and’’. 
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155 
(b) MATCHING INCLUDED IN QUALIFIED ROTH CON-
TRIBUTION PROGRAM.—Section 402A(b)(1) of such Code 
is amended— 
(1) by inserting ‘‘, or to have made on the em-
ployee’s behalf,’’ after ‘‘elect to make’’, and 
(2) by inserting ‘‘, or of matching contributions 
which may otherwise be made on the employee’s be-
half,’’ after ‘‘otherwise eligible to make’’. 
(c) DESIGNATED
ROTH
MATCHING
CONTRIBU-
TIONS.—Section 402A(c)(1) of such Code is amended by 
inserting ‘‘or matching contribution’’ after ‘‘elective defer-
ral’’. 
(d) MATCHING CONTRIBUTION DEFINED.—Section 
402A(e) of such Code is amended by adding at the end 
the following: 
‘‘(3) MATCHING
CONTRIBUTION.—The term 
‘matching contribution’ means— 
‘‘(A) any matching contribution described 
in section 401(m)(4)(A), and 
‘‘(B) any contribution to an eligible de-
ferred compensation plan (as defined in section 
457(b)) by an eligible employer described in 
section 457(e)(1)(A) on behalf of an employee 
and on account of such employee’s elective de-
ferral under such plan.’’. 
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156 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to contributions made after the 
date of the enactment of this Act. 
TITLE V 
SEC. 501. BOOTS TO BUSINESS PROGRAM. 
Section 32 of the Small Business Act (15 U.S.C. 
657b) is amended by adding at the end the following: 
‘‘(h) BOOTS TO BUSINESS PROGRAM.— 
‘‘(1) COVERED INDIVIDUAL DEFINED.—In this 
subsection, the term ‘covered individual’ means— 
‘‘(A) a member of the Armed Forces, in-
cluding the National Guard or Reserves; 
‘‘(B) an individual who is participating in 
the Transition Assistance Program established 
under section 1144 of title 10, United States 
Code; 
‘‘(C) an individual who— 
‘‘(i) served on active duty in any 
branch of the Armed Forces, including the 
National Guard or Reserves; and 
‘‘(ii) was discharged or released from 
such service under conditions other than 
dishonorable; and 
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157 
‘‘(D) a spouse or dependent of an indi-
vidual described in subparagraph (A), (B), or 
(C). 
‘‘(2) ESTABLISHMENT.—During the period be-
ginning on the date of enactment of this subsection 
and ending on September 30, 2028, the Adminis-
trator shall carry out a program to be known as the 
‘Boots to Business Program’ to provide entrepre-
neurship training to covered individuals. 
‘‘(3) GOALS.—The goals of the Boots to Busi-
ness Program are to— 
‘‘(A) provide assistance and in-depth train-
ing to covered individuals interested in business 
ownership; and 
‘‘(B) provide covered individuals with the 
tools, skills, and knowledge necessary to identify 
a business opportunity, draft a business plan, 
identify sources of capital, connect with local 
resources for small business concerns, and start 
up a small business concern. 
‘‘(4) PROGRAM COMPONENTS.— 
‘‘(A) IN GENERAL.—The Boots to Busi-
ness Program may include— 
‘‘(i) a presentation providing exposure 
to the considerations involved in self-em-
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158 
ployment and ownership of a small busi-
ness concern; 
‘‘(ii) an online, self-study course fo-
cused on the basic skills of entrepreneur-
ship, the language of business, and the 
considerations involved in self-employment 
and ownership of a small business concern; 
‘‘(iii) an in-person classroom instruc-
tion component providing an introduction 
to the foundations of self employment and 
ownership of a small business concern; and 
‘‘(iv) 
in-depth 
training 
delivered 
through online instruction, including an 
online course that leads to the creation of 
a business plan. 
‘‘(B) 
COLLABORATION.—The 
Adminis-
trator may— 
‘‘(i) collaborate with public and pri-
vate entities to develop course curricula for 
the Boots to Business Program; and 
‘‘(ii) modify program components in 
coordination with entities participating in a 
Warriors in Transition program, as defined 
in section 738(e) of the National Defense 
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Authorization Act for Fiscal Year 2013 
(10 U.S.C. 1071 note). 
‘‘(C) USE OF RESOURCE PARTNERS AND 
DISTRICT OFFICES.— 
‘‘(i) IN GENERAL.—The Administrator 
shall— 
‘‘(I) ensure that Veteran Busi-
ness Outreach Centers regularly par-
ticipate, on a nationwide basis, in the 
Boots to Business Program; and 
‘‘(II) to the maximum extent 
practicable, use district offices of the 
Administration and a variety of other 
resource partners and entities in ad-
ministering the Boots to Business 
Program. 
‘‘(ii) GRANT AUTHORITY.—In carrying 
out clause (i), the Administrator may make 
grants, subject to the availability of appro-
priations in advance, to Veteran Business 
Outreach Centers, other resource partners, 
or other entities to carry out components 
of the Boots to Business Program. 
‘‘(D) AVAILABILITY TO DEPARTMENT OF 
DEFENSE AND THE DEPARTMENT OF LABOR.— 
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The Administrator shall make available to the 
Secretary of Defense and the Secretary of 
Labor information regarding the Boots to Busi-
ness Program, including all course materials 
and outreach materials related to the Boots to 
Business Program, for inclusion on the websites 
of the Department of Defense and the Depart-
ment of Labor relating to the Transition Assist-
ance Program, in the Transition Assistance 
Program manual, and in other relevant mate-
rials available for distribution from the Sec-
retary of Defense and the Secretary of Labor. 
‘‘(E) AVAILABILITY TO DEPARTMENT OF 
VETERANS AFFAIRS.—In consultation with the 
Secretary of Veterans Affairs, the Adminis-
trator shall make available for distribution and 
display on the website of the Department of 
Veterans Affairs and at local facilities of the 
Department of Veterans Affairs outreach mate-
rials regarding the Boots to Business Program, 
which shall, at a minimum— 
‘‘(i) describe the Boots to Business 
Program and the services provided; and 
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‘‘(ii) include eligibility requirements 
for participating in the Boots to Business 
Program. 
‘‘(F) AVAILABILITY
TO
OTHER
PARTICI-
PATING
AGENCIES.—The Administrator shall 
ensure information regarding the Boots to 
Business program, including all course mate-
rials and outreach materials related to the 
Boots to Business Program, is made available 
to other participating agencies in the Transition 
Assistance Program and upon request of other 
agencies. 
‘‘(5) COMPETITIVE
BIDDING
PROCEDURES.— 
The Administration shall use relevant competitive 
bidding procedures with respect to any contract or 
cooperative agreement executed by the Administra-
tion under the Boots to Business Program. 
‘‘(6) PUBLICATION OF NOTICE OF FUNDING OP-
PORTUNITY.—Not later than 30 days before the 
deadline for submitting applications for any funding 
opportunity under the Boots to Business Program, 
the Administration shall publish a notice of the 
funding opportunity. 
‘‘(7) REPORT.—Not later than 180 days after 
the date of enactment of this subsection, and not 
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less frequently than annually thereafter, the Admin-
istrator shall submit to the Committee on Small 
Business and Entrepreneurship of the Senate and 
the Committee on Small Business of the House of 
Representatives a report on the performance and ef-
fectiveness of the Boots to Business Program, 
which— 
‘‘(A) may be included as part of another 
report submitted to such committees by the Ad-
ministrator related to the Office of Veterans 
Business Development; and 
‘‘(B) shall summarize available information 
relating to— 
‘‘(i) grants awarded under paragraph 
(4)(C); 
‘‘(ii) the total cost of the Boots to 
Business Program; 
‘‘(iii) the number of program partici-
pants using each component of the Boots 
to Business Program; 
‘‘(iv) the completion rates for each 
component of the Boots to Business Pro-
gram; 
‘‘(v) to the extent possible— 
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‘‘(I) the demographics of pro-
gram participants, to include gender, 
age, race, ethnicity, and relationship 
to military; 
‘‘(II) the number of program 
participants that connect with a dis-
trict office of the Administration, a 
Veteran Business Outreach Center, or 
another resource partner of the Ad-
ministration; 
‘‘(III) the number of program 
participants that start a small busi-
ness concern; 
‘‘(IV) the results of the Boots to 
Business and Boots to Business 
Reboot course quality surveys con-
ducted by the Office of Veterans Busi-
ness Development before and after at-
tending each of those courses, includ-
ing a summary of any comments re-
ceived from program participants; 
‘‘(V) the results of the Boots to 
Business Program outcome surveys 
conducted by the Office of Veterans 
Business Development, including a 
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summary of any comments received 
from program participants; and 
‘‘(VI) the results of other ger-
mane participant satisfaction surveys; 
‘‘(C) an evaluation of the overall effective-
ness of the Boots to Business Program based 
on each geographic region covered by the Ad-
ministration during the most recent fiscal year; 
‘‘(D) an assessment of additional perform-
ance outcome measures for the Boots to Busi-
ness Program, as identified by the Adminis-
trator; 
‘‘(E) any recommendations of the Adminis-
trator for improvement of the Boots to Busi-
ness Program, which may include expansion of 
the types of individuals who are covered individ-
uals; 
‘‘(F) an explanation of how the Boots to 
Business Program has been integrated with 
other transition programs and related resources 
of the Administration and other Federal agen-
cies; and 
‘‘(G) any additional information the Ad-
ministrator determines necessary.’’. 
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TITLE VI 
SEC. 601. INCREASED PUNISHMENT FOR HUMAN TRAF-
FICKING IN SCHOOL ZONES. 
Section 1591 of title 18, United States Code, is 
amended— 
(1) by redesignating subsection (e) as sub-
section (f); and 
(2) by inserting after subsection (d) the fol-
lowing: 
‘‘(e)(1) Whoever violates subsection (a) in a school 
zone, or on, or within 1,000 feet of, a premises on which 
a school-sponsored activity is taking place, or on, or within 
1,000 feet of a premises owned by an institution of higher 
education, shall, in addition to the punishment otherwise 
provided under this section, be imprisoned for not more 
than 5 years. 
‘‘(2) In this subsection: 
‘‘(A) The term ‘school zone’ has the meaning 
given such term in section 921. 
‘‘(B) The term ‘school-sponsored activity’ 
means any activity that is produced, financed, ar-
ranged, supervised, or coordinated by a school or a 
State educational agency or local educational agency 
or is under the jurisdiction of a State educational 
agency or local educational agency. 
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‘‘(C) The terms ‘State educational agency’ and 
‘local educational agency’ have the meanings given 
those terms under section 8101 of the Elementary 
and Secondary Education Act of 1965. 
‘‘(D) The term ‘institution of higher education’ 
has the meaning given such term in section 101 of 
the Higher Education Act of 1965 (20 U.S.C. 
1001).’’. 
SEC. 602. INCREASED PUNISHMENT FOR COERCION AND 
ENTICEMENT IN SCHOOL ZONES. 
Section 2422 of title 18, United States Code, is 
amended— 
(1) in subsection (b), by striking ‘‘individual 
who has not attained the age of 18 years’’ and in-
serting ‘‘minor’’; and 
(2) by adding at the end the following: 
‘‘(c)(1) Whoever violates subsection (a) or (b) know-
ing, or having reasonable cause to believe, that the viola-
tion is committed against a minor who is enrolled in school 
and is, at the time of the violation, in a school zone or 
on, or within 1,000 feet of, a premises on which a school- 
sponsored activity is taking place, or against a person who 
is enrolled in an institution of higher education and is, 
at the time of the violation on or within 1,000 feet of a 
premises owned by the institution of higher education, 
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shall, in addition to the punishment otherwise provided 
under this section, be imprisoned for not more than 5 
years. 
‘‘(2) Paragraph (1) shall not apply in a case in which 
a minor’s presence on, or within 1,000 feet of, the prem-
ises on which a school-sponsored activity is taking place 
is not related to such school-sponsored activity, or the per-
son’s presence on or within 1,000 feet of the premises 
owned by the institution of higher education is not related 
to their enrollment at such institution. 
‘‘(d) In this section: 
‘‘(1) The term ‘minor’ means an individual who 
has not attained 18 years of age. 
‘‘(2) The term ‘school’ means a public, paro-
chial, or private school that provides elementary or 
secondary education. 
‘‘(3) The term ‘school zone’ has the meaning 
given such term in section 921. 
‘‘(4) The term ‘school-sponsored activity’ means 
any activity that is produced, financed, arranged, su-
pervised, or coordinated by a school or a State edu-
cational agency or local educational agency or is 
under the jurisdiction of a State educational agency 
or local educational agency. 
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(c) QUALIFICATIONS.—Members of the Commission 
shall be appointed to the Commission from among individ-
uals, or representatives of institutions or entities, who pos-
sess— 
(1)(A) a demonstrated commitment to the re-
search, study, or promotion of Asian Pacific Amer-
ican history, art, political or economic status, or cul-
ture; and 
(B)(i) expertise in museum administration; 
(ii) expertise in fundraising for nonprofit 
or cultural institutions; 
(iii) experience in the study and teaching 
of Asian Pacific American history; 
(iv) experience in studying the issue of the 
representation of Asian Pacific Americans in 
art, life, history, and culture at the Smithsonian 
Institution; or 
(v) extensive experience in public or elected 
service; 
(2) experience in the administration of, or the 
planning for, the establishment of, museums; or 
(3) experience in the planning, design, or con-
struction of museum facilities. 
(d) DEADLINE
FOR INITIAL APPOINTMENT.—The 
initial members of the Commission shall be appointed not 
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later than the date that is 90 days after the date of enact-
ment of this Act. 
(e) VACANCIES.—A vacancy in the Commission— 
(1) shall not affect the powers of the Commis-
sion; and 
(2) shall be filled in the same manner as the 
original appointment was made. 
(f) CHAIRPERSON.—The Commission shall, by major-
ity vote of all of the members, select 1 member of the 
Commission to serve as the Chairperson of the Commis-
sion. 
(g) PROHIBITION.—No employee of the Federal Gov-
ernment may serve as a member of the Commission. 
SEC. 702. DUTIES OF THE COMMISSION. 
(a) REPORTS.— 
(1) PLAN OF ACTION.—The Commission shall 
submit to the President and Congress a report con-
taining the recommendations of the Commission 
with respect to a plan of action regarding the feasi-
bility of establishing and maintaining a National 
Museum of Asian Pacific American History and Cul-
ture in Washington, DC, and its environs (hereafter 
in this Act referred to as the ‘‘Museum’’). 
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(2) REPORT ON ISSUES.—The Commission shall 
submit to the President and Congress a report that 
addresses the following issues: 
(A) The availability and cost of collections 
to be acquired and housed in the Museum. 
(B) The impact of the Museum on existing 
Asian Pacific American history-related muse-
ums. 
(C) In consultation with the Smithsonian 
Institution, develop criteria for evaluating pos-
sible locations for the Museum in Washington, 
DC, and its environs. 
(D) The feasibility of the Museum becom-
ing part of the Smithsonian Institution, taking 
into account the Museum’s potential impact on 
the Smithsonian’s existing facilities mainte-
nance backlog, collections storage needs, and 
identified construction or renovation costs for 
new or existing museums. 
(E) The governance and organizational 
structure from which the Museum should oper-
ate. 
(F) Best practices for engaging Asian Pa-
cific Americans in the development and design 
of the Museum. 
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(G) The cost of constructing, operating, 
and maintaining the Museum. 
(3) DEADLINE.—The reports required under 
paragraphs (1) and (2) shall be submitted not later 
than the date that is 18 months after the date of 
the first meeting of the Commission. 
(b) FUNDRAISING PLAN.— 
(1) IN GENERAL.—The Commission shall de-
velop a fundraising plan that will address the ability 
to support the establishment, operation, and mainte-
nance of the Museum through contributions from 
the public. 
(2) CONSIDERATIONS.—In developing the fund-
raising plan under paragraph (1), the Commission 
shall consider issues relating to funding the oper-
ations and maintenance of the Museum in perpetuity 
without reliance on appropriations of Federal funds. 
(3) INDEPENDENT REVIEW.—The Commission 
shall obtain an independent review of the viability of 
the plan developed under paragraph (1) and such re-
view shall include an analysis as to whether the plan 
is able to achieve the level of resources necessary to 
fund the construction of the Museum and the oper-
ations and maintenance of the Museum in perpetuity 
without reliance on appropriations of Federal funds. 
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(4) SUBMISSION.—The Commission shall sub-
mit the plan developed under paragraph (1) and the 
review conducted under paragraph (3) to the Com-
mittees on House Administration, Natural Re-
sources, and Appropriations of the House of Rep-
resentatives and the Committees on Rules and Ad-
ministration, Energy and Natural Resources, and 
Appropriations of the Senate. 
(c) LEGISLATION TO CARRY OUT PLAN
OF AC-
TION.—Based on the recommendations contained in the 
report submitted under paragraphs (1) and (2) of sub-
section (a), the Commission shall submit for consideration 
to the Committees on House Administration, Natural Re-
sources, and Appropriations of the House of Representa-
tives and the Committees on Rules and Administration, 
Energy and Natural Resources, and Appropriations of the 
Senate recommendations for a legislative plan of action 
on the feasibility of establishing and constructing the Mu-
seum. 
(d) NATIONAL CONFERENCE.—Not later than 18 
months after the date on which the initial members of the 
Commission are appointed under section 2, the Commis-
sion may, in carrying out the duties of the Commission 
under this section, convene a national conference relating 
to the Museum, to be comprised of individuals committed 
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to the advancement of the life, art, history, and culture 
of Asian Pacific Americans. 
SEC. 703. ADMINISTRATIVE PROVISIONS. 
(a) COMPENSATION.— 
(1) IN GENERAL.—A member of the Commis-
sion— 
(A) shall not be considered to be a Federal 
employee for any purpose by reason of service 
on the Commission; and 
(B) shall serve without pay. 
(2) TRAVEL
EXPENSES.—A member of the 
Commission shall be allowed a per diem allowance 
for travel expenses, at rates consistent with those 
authorized under subchapter I of chapter 57 of title 
5, United States Code. 
(3) GIFTS, BEQUESTS, AND
DEVISES.—The 
Commission may solicit, accept, use, and dispose of 
gifts, bequests, or devises of money, services, or real 
or personal property for the purpose of aiding or fa-
cilitating the work of the Commission. 
(4) FEDERAL ADVISORY COMMITTEE ACT.—The 
Commission shall not be subject to the Federal Advi-
sory Committee Act (5 U.S.C. App.). 
(b) TERMINATION.—The Commission shall terminate 
on the date that is 30 days after the date on which the 
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final versions of the reports required under section 3 are 
submitted. 
(c) FUNDING.— 
(1) IN
GENERAL.—The Commission shall be 
solely responsible for acceptance of contributions for, 
and payment of the expenses of, the Commission. 
(2) PROHIBITION.—No Federal funds may be 
obligated to carry out this Act. 
(d) DIRECTOR AND STAFF OF COMMISSION.— 
(1) DIRECTOR AND STAFF.— 
(A) IN GENERAL.—The Commission may 
employ and compensate an executive director 
and any other additional personnel that are 
necessary to enable the Commission to perform 
the duties of the Commission. 
(B) RATES OF PAY.—Rates of pay for per-
sons employed under subparagraph (A) shall be 
consistent with the rates of pay allowed for em-
ployees of a temporary organization under sec-
tion 3161 of title 5, United States Code. 
(2) NOT
FEDERAL
EMPLOYMENT.—Any indi-
vidual employed under this section shall not be con-
sidered a Federal employee for the purpose of any 
law governing Federal employment. 
(3) TECHNICAL ASSISTANCE.— 
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(A) IN
GENERAL.—Subject to subpara-
graph (B), on request of the Commission, the 
head of a Federal agency may provide technical 
assistance to the Commission. 
(B) PROHIBITION.—No Federal employees 
may be detailed to the Commission. 
TITLE VIII 
SEC. 801. SELECTUSA DEFINED. 
In this Act, the term ‘‘SelectUSA’’ means the 
SelectUSA program of the Department of Commerce es-
tablished by Executive Order No. 13577 (76 Fed. Reg. 
35715). 
SEC. 802. FINDINGS. 
Congress makes the following findings: 
(1) Semiconductors underpin the United States 
and global economies, including manufacturing sec-
tors. Semiconductors are also essential to the na-
tional security of the United States. 
(2) A shortage of semiconductors, brought 
about by the COVID–19 pandemic and other com-
plex factors impacting the overall supply chain, has 
threatened the economic recovery of the United 
States and industries that employ millions of United 
States citizens. 
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(3) Addressing current challenges and building 
resilience against future risks requires ensuring a se-
cure and stable supply chain for semiconductors that 
will support the economic and national security 
needs of the United States and its allies. 
(4) The supply chain for semiconductors is 
complex and global. While the United States plays 
a leading role in certain segments of the semicon-
ductor industry, securing the supply chain requires 
onshoring, reshoring, or diversifying vulnerable seg-
ments, such as for— 
(A) fabrication; 
(B) advanced packaging; and 
(C) materials and equipment used to man-
ufacture semiconductor products. 
(5) The Federal Government can leverage for-
eign direct investment and private dollars to grow 
the domestic manufacturing and production capacity 
of the United States for vulnerable segments of the 
semiconductor supply chain. 
(6) The SelectUSA program of the Department 
of Commerce, in coordination with other Federal 
agencies and State-level economic development orga-
nizations, is positioned to boost foreign direct invest-
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ment in domestic manufacturing and to help secure 
the semiconductor supply chain of the United States. 
SEC. 803. COORDINATION WITH STATE-LEVEL ECONOMIC 
DEVELOPMENT ORGANIZATIONS. 
Not later than 180 days after the date of the enact-
ment of this Act, the Executive Director of SelectUSA 
shall solicit comments from State-level economic develop-
ment organizations— 
(1) to review— 
(A) what efforts the Federal Government 
can take to support increased foreign direct in-
vestment in any segment of semiconductor-re-
lated production; 
(B) what barriers to such investment may 
exist and how to amplify State efforts to attract 
such investment; 
(C) public opportunities those organiza-
tions have identified to attract foreign direct in-
vestment to help increase investment described 
in subparagraph (A); 
(D) resource gaps or other challenges that 
prevent those organizations from increasing 
such investment; and 
(2) to develop recommendations for— 
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(A) how SelectUSA can increase such in-
vestment independently or through partnership 
with those organizations; and 
(B) working with countries that are allies 
or partners of the United States to ensure that 
foreign adversaries (as defined in section 
8(c)(2) of the Secure and Trusted Communica-
tions Networks Act of 2019 (47 U.S.C. 
1607(c)(2))) do not benefit from United States 
efforts to increase such investment. 
SEC. 804. REPORT ON INCREASING FOREIGN DIRECT IN-
VESTMENT 
IN 
SEMICONDUCTOR-RELATED 
MANUFACTURING AND PRODUCTION. 
Not later than 2 years after the date of the enact-
ment of this Act, the Executive Director of SelectUSA, 
in coordination with the Federal Interagency Investment 
Working Group established by Executive Order No. 13577 
(76 Fed. Reg. 35,715; relating to establishment of the 
SelectUSA Initiative), shall submit to the Committee on 
Commerce, Science, and Transportation of the Senate and 
the Committee on Energy and Commerce of the House 
of Representatives a report that includes— 
(1) a review of the comments SelectUSA re-
ceived from State-level economic development organi-
zations under section 803; 
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(2) a description of activities SelectUSA is en-
gaged in to increase foreign direct investment in 
semiconductor-related manufacturing and produc-
tion; and 
(3) an assessment of strategies SelectUSA may 
implement to achieve an increase in such investment 
and to help secure the United States supply chain 
for semiconductors, including by— 
(A) working with other relevant Federal 
agencies; and 
(B) working with State-level economic de-
velopment organizations and implementing any 
strategies or recommendations SelectUSA re-
ceived from those organizations. 
TITLE IX 
SEC. 901. APPROVAL OF CERTAIN EQUIPMENT. 
(a) IN GENERAL.—Section 2008 of the Homeland 
Security Act of 2002 (6 U.S.C. 609) is amended— 
(1) in subsection (f)— 
(A) by striking ‘‘If an applicant’’ and in-
serting the following: 
‘‘(1) APPLICATION REQUIREMENT.—If an appli-
cant’’; and 
(B) by adding at the end the following new 
paragraphs: 
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‘‘(2) REVIEW
PROCESS.—The Administrator 
shall implement a uniform process for reviewing ap-
plications that, in accordance with paragraph (1), 
contain explanations to use grants provided under 
section 2003 or 2004 to purchase equipment or sys-
tems that do not meet or exceed any applicable na-
tional voluntary consensus standards developed 
under section 647 of the Post-Katrina Emergency 
Management Reform Act of 2006 (6 U.S.C. 747). 
‘‘(3) FACTORS.—In carrying out the review 
process under paragraph (2), the Administrator 
shall consider the following: 
‘‘(A) Current or past use of proposed 
equipment or systems by Federal agencies or 
the Armed Forces. 
‘‘(B) The absence of a national voluntary 
consensus standard for such equipment or sys-
tems. 
‘‘(C) The existence of an international con-
sensus standard for such equipment or systems, 
and whether such equipment or systems meets 
such standard. 
‘‘(D) The nature of the capability gap 
identified by the applicant and how such equip-
ment or systems will address such gap. 
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‘‘(E) The degree to which such equipment 
or systems will serve the needs of the applicant 
better than equipment or systems that meet or 
exceed existing consensus standards. 
‘‘(F) Any other factor determined appro-
priate by the Administrator.’’; and 
(2) by adding at the end the following new sub-
section: 
‘‘(g) REVIEW PROCESS.—The Administrator shall 
implement a uniform process for reviewing applications to 
use grants provided under section 2003 or 2004 to pur-
chase equipment or systems not included on the Author-
ized Equipment List maintained by the Administrator.’’. 
(b) INSPECTOR GENERAL REPORT.—Not later than 
three years after the date of the enactment of this Act, 
the Inspector General of the Department of Homeland Se-
curity shall submit to the Committee on Homeland Secu-
rity of the House of Representatives and the Committee 
on Homeland Security and Governmental Affairs of the 
Senate a report assessing the implementation of the review 
process established under paragraph (2) of subsection (f) 
of section 2008 of the Homeland Security Act of 2002 
(as added by subsection (a) of this section), including in-
formation on the following: 
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(1) The number of requests to purchase equip-
ment or systems that do not meet or exceed any ap-
plicable consensus standard evaluated under such re-
view process. 
(2) The capability gaps identified by applicants 
and the number of such requests granted or denied. 
(3) The processing time for the review of such 
requests. 
TITLE X 
SEC. 1001. FINDINGS. 
Congress finds the following: 
(1) NASA uses enhanced use leasing to enter 
into agreements with private sector entities, State 
and local governments, academic institutions, and 
other Federal agencies for lease of non-excess, un-
derutilized NASA properties and facilities. 
(2) NASA uses enhanced use leasing authority 
to support responsible management of its real prop-
erty, including to improve the use of underutilized 
property for activities that are compatible with 
NASA’s mission and to reduce facility operating and 
maintenance costs. 
(3) In fiscal year 2019, under its enhanced use 
lease authority, NASA leased 65 real properties. 
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(4) In fiscal year 2019, NASA’s use of en-
hanced use leasing resulted in the collection of 
$10,843,025.77 in net revenue. 
(5) In fiscal year 2019, NASA used a portion 
of its enhanced use leasing revenues for repairs of 
facility control systems such as lighting and heating, 
ventilation, and air conditioning. 
(6) NASA’s use of enhanced use leasing author-
ity can contribute to reducing the rate of increase of 
the Agency’s overall deferred maintenance cost. 
SEC. 1002. EXTENSION OF AUTHORITY TO ENTER INTO 
LEASES OF NON-EXCESS PROPERTY OF THE 
NATIONAL AERONAUTICS AND SPACE ADMIN-
ISTRATION. 
Section 20145(h) of title 51, United States Code, is 
amended by striking ‘‘December 31, 2032’’ and inserting 
‘‘December 31, 2033’’. 
TITLE XI 
SEC. 1101. HEARINGS. 
(a) IN GENERAL.—Each standing committee of the 
House of Representatives shall hold a hearing on the im-
plementation of this Act within one year of enactment. 
(b) EXERCISE OF RULEMAKING AUTHORITY.—Sub-
section (a) is enacted— 
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(1) as an exercise of rulemaking power of the 
House of Representatives, and, as such, shall be con-
sidered as part of the rules of the House, and such 
rules shall supersede any other rule of the House 
only to the extent that rule is inconsistent therewith; 
and 
(2) with full recognition of the constitutional 
right of either House to change such rules (so far 
as relating to the procedure in such House) at any 
time, in the same manner, and to the same extent 
as in the case of any other rule of the House. 
TITLE XII 
SEC. 1201. CODE OF OFFICIAL CONDUCT. 
In rule XXIII of the Rules of the House of Rep-
resentatives, strike clause 21 and insert the following: 
‘‘21.(a) Except as provided in paragraphs (b) and (c), 
a Member, Delegate, Resident Commissioner, officer, or 
employee of the House shall not knowingly and willfully 
disclose publicly the identity of, or personally identifiable 
information about, any individual who has reported allega-
tions of possible wrongdoing, including retaliation, under 
processes and protections provided by the Civil Service Re-
form Act of 1978, the Whistleblower Protection Act of 
1989, the Intelligence Community Whistleblower Protec-
tion Act of 1998, or any other Federal law that establishes 
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