I
104TH CONGRESS
1ST SESSION
H. R. 805
To provide for the creation of jobs in America, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 2, 1995
Mr. OWENS (for himself, Mr. SANDERS, Mr. BROWN of California, Mr. CON-
YERS, Mr. DELLUMS, Mr. HASTINGS of Florida, Mr. HINCHEY, Mrs.
MINK of Hawaii, and Mr. WATT of North Carolina) introduced the fol-
lowing bill; which was referred to the Committee on Ways and Means
and, in addition, to the Committees on Transportation and Infrastruc-
ture, Banking and Financial Services, Economic and Educational Oppor-
tunities, Commerce, and Appropriations, for a period to be subsequently
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned
A BILL
To provide for the creation of jobs in America, 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.
(a) SHORT TITLE.—This Act may be cited as the
‘‘Job Creation and Invest in America Act of 1995’’.
(b) TABLE OF CONTENTS.—
Sec. 1. Short title.
TITLE I—PHYSICAL CAPITAL INVESTMENT
Subtitle A—Highways and Mass Transit
Sec. 1001. Highway programs.
Sec. 1002. Federal Transit Act programs.
Subtitle B—Airports
Sec. 1101. Airport improvement program.
Subtitle C—Railroads
Sec. 1201. Local rail freight assistance.
Subtitle D—Water and Sewage Treatment Facilities
Sec. 1301. State water pollution control revolving funds.
Subtitle E—Environmental Restoration
Sec. 1401. Environmental restoration at facilities of the Department of Defense
and Department of Energy.
Subtitle F—Community Development Assistance
CHAPTER 1—COMMUNITY DEVELOPMENT BLOCK GRANTS
Sec. 1501. Authorization of appropriations.
CHAPTER 2—COMMUNITY BANKING AND ECONOMIC EMPOWERMENT ACT
Sec. 1511. Short title.
Sec. 1512. Authority of secretary.
Sec. 1513. Eligible community development lenders.
Sec. 1514. Capital and operating assistance for community development lend-
ers.
Sec. 1515. Requirements of assisted community development lenders.
Sec. 1516. Application and approval for assistance.
Sec. 1517. Assistance agreements.
Sec. 1518. Books, records, and audits.
Sec. 1519. Technical assistance for organizing and operating community devel-
opment lenders.
Sec. 1520. Relationship to Community Reinvestment Act of 1977.
Sec. 1521. Reports to Congress.
Sec. 1522. Regulations.
Sec. 1523. Definitions.
Sec. 1524. Authorization of appropriations.
Subtitle G—Education Infrastructure
Sec. 1601. Short title.
Sec. 1602. Findings.
Sec. 1603. Purpose.
Sec. 1604. Definitions.
Sec. 1605. Improvement of public elementary and secondary education facilities
program authorized.
Sec. 1606. Applications.
Sec. 1607. Authorized activities.
Sec. 1608. Requirements.
Sec. 1609. Contracts.
Sec. 1610. Technical assistance.
Sec. 1611. Federal assessment.
Subtitle H—Renewable Energy and Energy Efficiency
Sec. 1701. Renewable energy.
Sec. 1702. Energy efficiency.
TITLE II—HUMAN CAPITAL INVESTMENT
Subtitle A—Job Training
Sec. 2001. Human capital investments in job training.
Subtitle B—Education
Sec. 2101. Educational personnel.
Subtitle C—Head Start
Sec. 2201. Amendments to the Head Start Act.
Subtitle D—Programs Under Public Health Service Act
CHAPTER 1—FUNDING INITIATIVE FOR PROGRAMS PROVIDING HEALTH
SERVICES
Sec. 2301. Funding initiative.
CHAPTER 2—COMMUNITY HEALTH ADVISOR PROGRAM
Sec. 2311. Short title.
Sec. 2312. Findings.
Sec. 2313. Formula grants regarding community health advisor programs.
Sec. 2314. Requirements regarding community health advisor programs.
Sec. 2315. Additional agreements.
Sec. 2316. Application for assistance; State plan.
Sec. 2317. Determination of amount of allotment.
Sec. 2318. Quality assurance; cost-effectiveness.
Sec. 2319. Evaluations; technical assistance.
Sec. 2320. Rule of construction regarding programs of indian health service.
Sec. 2321. Definitions.
Sec. 2322. Funding.
TITLE III—AMENDMENTS OF INTERNAL REVENUE CODE OF 1986
Subtitle A—Reduction in Employee Payroll Taxes; Credit for First-Time
Homebuyers
Sec. 3001. Credit for portion of social security taxes.
Sec. 3002. Credit for purchase of principal residence by first-time homebuyer.
Subtitle B—Revenue Increases
Sec. 3101. Stock transfer excise tax.
Sec. 3102. Repeal of preferential rate of tax on capital gains.
Sec. 3103. Repeal of credit for foreign taxes.
Sec. 3104. Repeal of deferral of income of controlled foreign corporations.
Sec. 3105. Use of formulaic approach under section 482.