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SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Cat Island National Wildlife Refuge 
Establishment Act''.

SEC. 2. FINDINGS.

    The Congress finds that--
        (1) as the southernmost unleveed portion of the Mississippi 
    River, Cat Island, Louisiana, is one of the last remaining tracts 
    in the lower Mississippi Valley that is still influenced by the 
    natural dynamics of the river;
        (2) Cat Island supports one of the highest densities of virgin 
    bald cypress trees in the entire Mississippi River Valley, 
    including the Nation's champion cypress tree which is 17 feet wide 
    and has a circumference of 53 feet;
        (3) Cat Island is important habitat for several declining 
    species of forest songbirds and supports thousands of wintering 
    waterfowl;
        (4) Cat Island supports high populations of deer, turkey, and 
    furbearers, such as mink and bobcats;
        (5) conservation and enhancement of this area through inclusion 
    in the National Wildlife Refuge System would help meet the habitat 
    conservation goals of the North American Waterfowl Management Plan;
        (6) these forested wetlands represent one of the most valuable 
    and productive wildlife habitat types in the United States, and 
    have extremely high recreational value for hunters, anglers, 
    birdwatchers, nature photographers, and others; and
        (7) the Cat Island area is deserving of inclusion in the 
    National Wildlife Refuge System.

SEC. 3. DEFINITIONS.

    For purposes of this Act--
        (1) the term ``Refuge'' means the Cat Island National Wildlife 
    Refuge; and
        (2) the term ``Secretary'' means the Secretary of the Interior.

SEC. 4. PURPOSES.

    The purposes for which the Refuge is established and shall be 
managed are--
        (1) to conserve, restore, and manage habitats as necessary to 
    contribute to the migratory bird population goals and habitat 
    objective as established through the Lower Mississippi Valley Joint 
    Venture;
        (2) to conserve, restore, and manage the significant aquatic 
    resource values associated with the area's forested wetlands and to 
    achieve the habitat objectives of the ``Mississippi River Aquatic 
    Resources Management Plan'';
        (3) to conserve, enhance, and restore the historic native 
    bottomland community characteristics of the lower Mississippi 
    alluvial valley and its associated fish, wildlife, and plant 
    species;
        (4) to conserve, enhance, and restore habitat to maintain and 
    assist in the recovery of endangered, and threatened plants and 
    animals; and
        (5) to encourage the use of volunteers and facilitate 
    partnerships among the United States Fish and Wildlife Service, 
    local communities, conservation organizations, and other non-
    Federal entities to promote public awareness of the resources of 
    the Refuge and the National Wildlife Refuge System and public 
    participation in the conservation of those resources.

SEC. 5. ESTABLISHMENT OF REFUGE.

    (a) Acquisition Boundary.--The Secretary is authorized to establish 
the Cat Island National Wildlife Refuge, consisting of approximately 
36,500 acres of land and water, as depicted upon a map entitled ``Cat 
Island National Wildlife Refuge-Proposed'', dated February 8, 2000, and 
available for inspection in appropriate offices of the United States 
Fish and Wildlife Service.
    (b) Boundary Revisions.--The Secretary may make such minor 
revisions of the boundary designated under this section as may be 
appropriate to carry out the purposes of the Refuge or to facilitate 
the acquisition of property within the Refuge.
    (c) Acquisition.--The Secretary is authorized to acquire the lands 
and waters, or interests therein, within the acquisition boundary 
described in subsection (a) of this section.
    (d) Establishment.--The Secretary shall establish the Refuge by 
publication of a notice to that effect in the Federal Register and 
publications of local circulation whenever sufficient property has been 
acquired to constitute an area that can be efficiently managed as a 
National Wildlife Refuge.

SEC. 6. ADMINISTRATION.

    (a) In General.--The Secretary shall administer all lands, waters, 
and interests therein acquired under this Act in accordance with the 
National Wildlife Refuge System Administration Act (16 U.S.C. 668dd et 
seq.). The Secretary may use such additional statutory authority as may 
be available for the conservation of fish and wildlife, and the 
provision of fish- and wildlife-oriented recreational opportunities as 
the Secretary considers appropriate to carry out the purposes of this 
Act.
    (b) Priority Uses.--In providing opportunities for compatible fish- 
and wildlife-oriented recreation, the Secretary, in accordance with 
paragraphs (3) and (4) of section 4(a) of the National Wildlife Refuge 
System Administration Act of 1966 (16 U.S.C. 668dd(a)), shall ensure 
that hunting, fishing, wildlife observation and photography, and 
environmental education and interpretation are the priority public uses 
of the Refuge.

SEC. 7. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated to the Department of the 
Interior--
        (1) such funds as may be necessary for the acquisition of lands 
    and waters designated in section 5(c); and
        (2) such funds as may be necessary for the development, 
    operation, and maintenance of the Refuge.

SEC. 8. DESIGNATION OF HERBERT H. BATEMAN EDUCATION AND ADMINISTRATIVE 
              CENTER.

    (a) In General.--A building proposed to be located within the 
boundaries of the Chincoteague National Wildlife Refuge, on Assateague 
Island, Virginia, shall be known and designated as the ``Herbert H. 
Bateman Education and Administrative Center''.
    (b) References.--Any reference in a law, map, regulation, document, 
paper, or other record of the United States to the building referred to 
in subsection (a) shall be deemed to be a reference to the Herbert H. 
Bateman Education and Administrative Center.

SEC. 9. TECHNICAL CORRECTIONS.

    (a) Effective on the day after the date of the enactment of the Act 
entitled, ``An Act to reauthorize the Junior Duck Stamp Conservation 
and Design Program Act of 1994'' (106th Congress), section 6 of the 
Junior Duck Stamp Conservation and Design Program Act of 1994 (16 
U.S.C. 668dd note; Public Law 103-340), relating to an environmental 
education center and refuge, is redesignated as section 7.
    (b) Effective on the day after the date of the enactment of the 
Cahaba River National Wildlife Refuge Establishment Act (106th 
Congress), section 6 of that Act is amended--
        (1) in paragraph (2), by striking ``the Endangered Species Act 
    of 1973 (16 U.S.C. 1331 et seq.)'' and inserting ``the Endangered 
    Species Act of 1973 (16 U.S.C. 1531 et seq.)''; and
        (2) in paragraph (3), by striking ``section 4(a)(3) and (4) of 
    the National Wildlife Refuge System Administration Act of 1966 (16 
    U.S.C. 668ee(a)(3), (4))'' and inserting ``paragraphs (3) and (4) 
    of section 4(a) of the National Wildlife Refuge System 
    Administration Act of 1966 (16 U.S.C. 668dd(a))''.
    (c) Effective on the day after the date of the enactment of the Red 
River National Wildlife Refuge Act (106th Congress), section 4(b)(2)(D) 
of that Act is amended by striking ``section 4(a)(3) and (4) of the 
National Wildlife Refuge System Administration Act of 1966 (16 U.S.C. 
668ee(a)(3), (4))'' and inserting ``paragraphs (3) and (4) of section 
4(a) of the National Wildlife Refuge System Administration Act of 1966 
(16 U.S.C. 668dd(a))''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
Directs the Secretary, in providing opportunities for compatible fish- and wildlife-oriented recreation on the Refuge, to ensure that hunting, fishing, wildlife observation and photography, and environmental education and interpretation are the priority public uses of the Refuge.
Authorizes appropriations.
Designates a building proposed to be located within the Chincoteague National Wildlife Refuge on Assateague Island, Virginia, as the Herbert H. Bateman Education And Administrative Center.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Mortgage Fairness Act''.

SEC. 2. COMMUNITY SUPPORT OBLIGATIONS OF MORTGAGE BANKS.

    (a) In General.--Each mortgage bank shall have an ongoing 
responsibility to meet the credit needs of all the communities in which 
such bank makes a significant number of extensions of credit or extends 
a significant amount of credit, including extensions of credit in low- 
and moderate-income neighborhoods of such communities.
    (b) Definitions.--For purposes of this Act, the following 
definitions shall apply:
            (1) Mortgage bank.--The term ``mortgage bank'' means any 
        lender who does not accept deposits and originates housing 
        related loans.
            (2) Office.--The term ``Office'' means the Office of 
        Mortgage Bank and Insurance Supervision established by the 
        Secretary of Housing and Urban Development pursuant to section 
        3.
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of Housing and Urban Development.

SEC. 3. ESTABLISHMENT OF OFFICE OF MORTGAGE BANK AND INSURANCE 
              SUPERVISION.

    The Secretary of Housing and Urban Development shall establish 
within the Department of Housing and Urban Development an office to be 
known as the Office of Mortgage Bank and Insurance Supervision to 
evaluate the community support performance of mortgage banks and 
mortgage insurance companies.

SEC. 4. MORTGAGE BANK COMMUNITY SUPPORT STATEMENTS.

    (a) In General.--The Office shall, on a biennial basis, require 
each mortgage bank to submit to the Office a community support 
statement, detailing the efforts of such bank at meeting the housing 
credit needs of each community in which the bank makes a significant 
number of extensions of credit or extends a significant amount of 
credit, including extensions of credit in low- and moderate-income 
neighborhoods of such communities.
    (b) Contents.--The statement submitted by each mortgage bank under 
subsection (a) shall include--
            (1) the data required to be maintained and disclosed by the 
        lender under the Home Mortgage Disclosure Act of 1975 for the 
        previous 2 years, in a format which the Office shall establish;
            (2) underwriting criteria employed by the bank for all of 
        the bank's housing loan products;
            (3) descriptions of any activity the bank has undertaken 
        over the period under review to ascertain and meet identified 
        credit needs in low- and moderate-income neighborhoods within 
        communities in which the bank makes a significant number of 
        extensions of credit or extends a significant amount of credit, 
        including any partnerships formed with community-based 
        organizations, nonprofit developers of affordable housing, or 
        agencies of State or local government;
            (4) details of any findings of technical or substantive 
        violations of the Equal Credit Opportunity Act or the Fair 
        Housing Act, and any settlements or judgments arising from any 
        such findings; and
            (5) any other information the Office may require.

SEC. 5. MORTGAGE BANK COMMUNITY SUPPORT EVALUATION.

    The Office shall determine whether a mortgage bank is maintaining 
an adequate community support performance, based on--
            (1) community support performance statements received from 
        mortgage banks;
            (2) an analysis of the data required to be maintained and 
        disclosed by the lender under the Home Mortgage Disclosure Act 
        of 1975 for the previous 2 years with respect to metropolitan 
        statistical areas in which the bank originates a significant 
        number of home loans, which shall emphasize--
                    (A) the institution's market share in neighborhoods 
                of different racial and income characteristics;
                    (B) the number of applications received from 
                minorities and low- and moderate-income persons; and
                    (C) the rate at which the institutions rejects 
                applications from minority and white applicants;
            (3) any evidence of illegal discriminatory credit 
        practices, including prescreening, or offering less favorable 
        loan products to applicants of different racial backgrounds; 
        and
            (4) public comment, which shall be received by the agency 
        for not less than 90 days after the Office actively solicits 
        comment solicitations of comment through notice in the Federal 
        Register and regular communications with community based 
        organizations.

SEC. 6. PENALTIES FOR FINDING OF INADEQUATE COMMUNITY SUPPORT 
              PERFORMANCE BY MORTGAGE BANKS.

    (a) Remedial Action.--If the Secretary finds that a mortgage bank 
is maintaining an inadequate level of community support, the Secretary 
may issue an order--
            (1) requiring the bank to file a community support action 
        plan with the Office not more than 90 days after the finding, 
        which shall include concrete goals and timetables for 
        correcting identified deficiencies; and
            (2) prohibiting the bank from using any program or product 
        administered by the Secretary until all identified deficiencies 
        are met.
    (b) Cease and Desist Orders.--
            (1) Issuance of order.--
                    (A) In general.--If the Secretary determines that 
                there is reasonable cause to believe that a mortgage 
                bank is violating, has violated, or is about to violate 
                an order under subsection (a) or a community support 
                action plan filed pursuant to such an order, the 
                Secretary may issue an order requiring the mortgage 
                bank to--
                            (i) cease and desist from any such 
                        violation; and
                            (ii) take such affirmative action to 
                        prevent the occurrence or the continuance of 
                        such violation as the Secretary determines to 
                        be appropriate.
                    (B) Notice of charges.--An order issued under this 
                paragraph shall include a notice of the charges on 
                which the order is based and a statement of the facts 
                constituting the alleged violation.
                    (C) Effective period.--An order issued under this 
                paragraph shall--
                            (i) become effective upon service to the 
                        mortgagee; and
                            (ii) remain effective and enforceable 
                        pursuant to the terms of the order unless 
                        modified or rescinded by the Secretary or 
                        pursuant to an order of a court under paragraph 
                        (3) or in connection with the court's review of 
                        any administrative proceedings with respect to 
                        the order issued under this subsection.
            (2) Hearing.--Any mortgage bank which receives an order 
        under paragraph (1) shall be afforded an opportunity for a 
        hearing on the record by the Secretary as soon as practicable 
        but not later than 20 days after the order has been served.
            (3) Judicial hearing.--Within 10 days after a mortgage bank 
        has been served with a cease-and-desist order under this 
        subsection, the bank may apply to the United States district 
        court for the judicial district in which the home office of the 
        bank is located, or the United States District Court for the 
        District of Columbia, for an injunction setting aside, 
        limiting, or suspending the enforcement, operation, or 
        effectiveness of such order pending the completion of the 
        administrative proceedings pursuant to the notice of charges 
        served upon the bank, and such court shall have jurisdiction to 
        issue such injunction.
            (4) Judicial enforcement.--The Secretary may apply to the 
        United States district court, or the United States court of any 
        territory, within the jurisdiction of which the home office of 
        the mortgagee is located, for an injunction to enforce any 
        effective and outstanding order issued under this subsection 
        and, if the court determines that there has been a violation or 
        threatened violation of such order, the court shall issue such 
        injunction.
    (c) Civil Money Penalty.--
            (1) Imposition of penalty.--
                    (A) In general.--The Secretary may impose a civil 
                money penalty on any mortgage bank, and any director, 
                officer or employee of a mortgage bank, who violates 
                any order issued under subsection (a) or (b).
                    (B) Amount of penalty.--The amount of the penalty, 
                as determined by the Secretary, may not exceed--
                            (i) in the case of a violation of an order 
                        issued under subsection (a), $10,000 for each 
                        month during which such violation occurs; and
                            (ii) in the case of a violation of an order 
                        issued under subsection (b), $10,000 for each 
                        day during which such violation continues.
                    (C) Notification to attorney general.--Before 
                taking action to impose a civil money penalty for a 
                violation under subparagraph (A), the Secretary shall 
                inform the Attorney General of the United States.
            (2) Assessment.--
                    (A) Written notice.--Any penalty imposed under 
                paragraph (1) may be assessed and collected by the 
                Secretary by written notice.
                    (B) Finality of assessment.--If, with respect to 
                any assessment under subparagraph (A), a hearing is not 
                requested pursuant to paragraph (5) within the period 
                of time allowed under such paragraph, the assessment 
                shall constitute a final and unappealable order.
            (3) Authority to modify or remit penalty.--The Secretary 
        may compromise, modify, or remit any penalty which the 
        Secretary may assess or already has assessed under paragraph 
        (1).
            (4) Mitigating factors.--In determining the amount of a 
        penalty under paragraph (1) with respect to any person, the 
        Secretary shall take into account the appropriateness of the 
        penalty with respect to--
                    (A) the gravity of the offense;
                    (B) any history of previous violations by the 
                person;
                    (C) the ability of the person to pay the penalty;
                    (D) injury to the public;
                    (E) benefits received by the person as a result of 
                the violation;
                    (F) the deterrent effect of the penalty on future 
                violations by such person and other persons; and
                    (G) such other factors as the Secretary may 
                determine in regulations to be appropriate.
            (5) Hearing.--The person against whom a civil money penalty 
        is assessed under paragraph (1) shall be afforded an 
        opportunity for a hearing on the record, if such person submits 
        a request for such hearing within 20 days after the issuance of 
        the notice of the assessment.
            (6) Collection.--
                    (A) Referral.--If any person fails to pay an 
                assessment after any penalty assessed under this 
                subsection has become final, the Secretary shall notify 
                the Attorney General who shall recover the amount 
                assessed in the appropriate United States district 
                court.
                    (B) Appropriateness of penalty not reviewable.--In 
                any civil action under subparagraph (A), the validity 
                and appropriateness of the penalty shall not be subject 
                to review.
            (7) Disbursement.--All penalties collected pursuant to this 
        subsection shall be deposited into the Treasury of the United 
        States.
            (8) Agency procedures--The Secretary shall, by regulation, 
        establish standards and procedures for carrying out this 
        subsection.

SEC. 7. COMMUNITY SUPPORT REQUIREMENTS FOR MORTGAGE INSURANCE 
              COMPANIES.

    (a) In General.--Each mortgage insurance company shall--
            (1) report to the Office the number and total dollar amount 
        of each mortgage insurance policy written by the company, by 
        census tract, the race, gender, and income of applicants for 
        mortgage insurance, and the disposition of each application for 
        mortgage insurance;
            (2) demonstrate to the Secretary adequate support for 
        community credit needs; and
            (3) make public to any person the underwriting criteria for 
        any mortgage insurance the company offers.
    (b) 2-Year Reporting Requirement.--At least once during each 2-year 
period beginning after the date of enactment of this Act, each mortgage 
insurance company shall submit a report to the Office containing the 
following information:
            (1) Adequacy of availability of mortgage insurance.--The 
        extent to which adequate mortgage insurance is available in 
        low- and moderate-income and minority neighborhoods within 
        areas in which the company writes a significant number of 
        mortgage insurance policies.
            (2) Underwriting guidelines.--The extent to which 
        underwriting guidelines used by the company do not unreasonably 
        restrict access to low- and moderate-income families within 
        areas in which the company writes a significant number of 
        mortgage insurance policies.
    (c) Duties of the Office.--The Office shall conduct biennial 
community support reviews of mortgage insurance companies including 
analysis of the following:
            (1) The data collected by the Agency on the distribution of 
        the mortgage insurance company's policies by census tract and 
        data on the disparate treatment of applicants for mortgage 
        insurance based on the applicants' race, gender, and income.
            (2) The underwriting criteria employed by the company and 
        the extent to which such criteria do not unreasonably restrict 
        access to credit for low- and moderate-income and minority 
        persons or neighborhoods.
            (3) Community support statements received from the mortgage 
        insurance company.
            (4) Any other information the Secretary may require 
        mortgage insurance companies to submit.
            (5) Any comments received from the public on the community 
        support performance of the mortgage insurance company during 
        the period covered by the review under this paragraph.
    (d) Duties of the Secretary.--The Secretary shall--
            (1) solicit and accept public comment for no fewer than 90 
        days before issuing a finding in connection with the review of 
        a mortgage insurance company under subsection (c)(2); and
            (2) review the community support performance of each 
        mortgage insurance company and determine whether the company is 
        providing an adequate level of community support in the areas 
        in which such company writes a significant number of mortgage 
        insurance policies.
    (e) Performance Statement.--If, after reviewing any evidence, the 
Secretary concludes that a mortgage insurance company is not meeting 
the requirements of this section, the Secretary may require such 
company to submit a statement indicating how the company expects to 
improve its record of providing community support.
Mortgage Fairness Act - Requires each mortgage bank to meet the credit needs of all communities in which it makes a significant number of extensions of credit or extends a significant amount of credit, including extensions of credit in low- and moderate-income communities. 
(Sec. 3) Directs the Secretary of Housing and Urban Development (HUD) to establish within HUD the Office of Mortgage Bank and Insurance Supervision. 
(Sec. 4) Directs the Office, on a biennial basis, to require each mortgage bank to submit to it a community support statement detailing the bank's efforts at meeting the housing credit needs of the above- referenced communities. 
(Sec. 5) Directs the Office to determine whether a mortgage bank is maintaining an adequate community support performance based on specified criteria. 
(Sec. 6) Sets forth certain penalties against a mortgage bank that has been found to be maintaining an inadequate level of community support. 
(Sec. 7) Requires each mortgage insurance company to: (1) report to the Office the total number and total dollar amount of each mortgage insurance policy written by it, by census tract, the race, gender, and income of applicants for mortgage insurance, and the disposition of each application for such insurance; (2) demonstrate to the Secretary adequate support for community credit needs; and (3) make public to any person the underwriting criteria for any mortgage insurance the company offers. 
Requires the Office to conduct biennial community support reviews of mortgage insurance companies.  Authorizes the Secretary to require a mortgage insurance company to submit a statement indicating how it expects to improve its record of providing community support whenever the Secretary concludes that such company is not meeting the requirements of this section.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``State High Risk Pool Funding 
Extension Act of 2006''.

SEC. 2. EXTENSION OF FUNDING FOR OPERATION OF STATE HIGH RISK HEALTH 
              INSURANCE POOLS.

    Section 2745 of the Public Health Service Act (42 U.S.C. 300gg-45) 
is amended to read as follows:

``SEC. 2745. RELIEF FOR HIGH RISK POOLS.

    ``(a) Seed Grants to States.--The Secretary shall provide from the 
funds appropriated under subsection (d)(1)(A) a grant of up to 
$1,000,000 to each State that has not created a qualified high risk 
pool as of the date of enactment of the State High Risk Pool Funding 
Extension Act of 2006 for the State's costs of creation and initial 
operation of such a pool.
    ``(b) Grants for Operational Losses.--
        ``(1) In general.--In the case of a State that has established 
    a qualified high risk pool that--
            ``(A) restricts premiums charged under the pool to no more 
        than 200 percent of the premium for applicable standard risk 
        rates;
            ``(B) offers a choice of two or more coverage options 
        through the pool; and
            ``(C) has in effect a mechanism reasonably designed to 
        ensure continued funding of losses incurred by the State in 
        connection with operation of the pool after the end of the last 
        fiscal year for which a grant is provided under this paragraph;
    the Secretary shall provide, from the funds appropriated under 
    paragraphs (1)(B)(i) and (2)(A) of subsection (d) and allotted to 
    the State under paragraph (2), a grant for the losses incurred by 
    the State in connection with the operation of the pool.
        ``(2) Allotment.--Subject to paragraph (4), the amounts 
    appropriated under paragraphs (1)(B)(i) and (2)(A) of subsection 
    (d) for a fiscal year shall be allotted and made available to the 
    States (or the entities that operate the high risk pool under 
    applicable State law) that qualify for a grant under paragraph (1) 
    as follows:
            ``(A) An amount equal to 40 percent of such appropriated 
        amount for the fiscal year shall be allotted in equal amounts 
        to each qualifying State that is one of the 50 States or the 
        District of Columbia and that applies for a grant under this 
        subsection.
            ``(B) An amount equal to 30 percent of such appropriated 
        amount for the fiscal year shall be allotted among qualifying 
        States that apply for such a grant so that the amount allotted 
        to such a State bears the same ratio to such appropriated 
        amount as the number of uninsured individuals in the State 
        bears to the total number of uninsured individuals (as 
        determined by the Secretary) in all qualifying States that so 
        apply.
            ``(C) An amount equal to 30 percent of such appropriated 
        amount for the fiscal year shall be allotted among qualifying 
        States that apply for such a grant so that the amount allotted 
        to a State bears the same ratio to such appropriated amount as 
        the number of individuals enrolled in health care coverage 
        through the qualified high risk pool of the State bears to the 
        total number of individuals so enrolled through qualified high 
        risk pools (as determined by the Secretary) in all qualifying 
        States that so apply.
        ``(3) Special rule for pools charging higher premiums.--In the 
    case of a qualified high risk pool of a State which charges 
    premiums that exceed 150 percent of the premium for applicable 
    standard risks, the State shall use at least 50 percent of the 
    amount of the grant provided to the State to carry out this 
    subsection to reduce premiums for enrollees.
        ``(4) Limitation for territories.--In no case shall the 
    aggregate amount allotted and made available under paragraph (2) 
    for a fiscal year to States that are not the 50 States or the 
    District of Columbia exceed $1,000,000.
    ``(c) Bonus Grants for Supplemental Consumer Benefits.--
        ``(1) In general.--In the case of a State that is one of the 50 
    States or the District of Columbia, that has established a 
    qualified high risk pool, and that is receiving a grant under 
    subsection (b)(1), the Secretary shall provide, from the funds 
    appropriated under paragraphs (1)(B)(ii) and (2)(B) of subsection 
    (d) and allotted to the State under paragraph (3), a grant to be 
    used to provide supplemental consumer benefits to enrollees or 
    potential enrollees (or defined subsets of such enrollees or 
    potential enrollees) in qualified high risk pools.
        ``(2) Benefits.--A State shall use amounts received under a 
    grant under this subsection to provide one or more of the following 
    benefits:
            ``(A) Low-income premium subsidies.
            ``(B) A reduction in premium trends, actual premiums, or 
        other cost-sharing requirements.
            ``(C) An expansion or broadening of the pool of individuals 
        eligible for coverage, such as through eliminating waiting 
        lists, increasing enrollment caps, or providing flexibility in 
        enrollment rules.
            ``(D) Less stringent rules, or additional waiver authority, 
        with respect to coverage of pre-existing conditions.
            ``(E) Increased benefits.
            ``(F) The establishment of disease management programs.
        ``(3) Allotment; limitation.--The Secretary shall allot funds 
    appropriated under paragraphs (1)(B)(ii) and (2)(B) of subsection 
    (d) among States qualifying for a grant under paragraph (1) in a 
    manner specified by the Secretary, but in no case shall the amount 
    so allotted to a State for a fiscal year exceed 10 percent of the 
    funds so appropriated for the fiscal year.
        ``(4) Rule of construction.--Nothing in this subsection shall 
    be construed to prohibit a State that, on the date of the enactment 
    of the State High Risk Pool Funding Extension Act of 2006, is in 
    the process of implementing a program to provide benefits of the 
    type described in paragraph (2), from being eligible for a grant 
    under this subsection.
    ``(d) Funding.--
        ``(1) Appropriation for fiscal year 2006.--There are authorized 
    to be appropriated for fiscal year 2006--
            ``(A) $15,000,000 to carry out subsection (a); and
            ``(B) $75,000,000, of which, subject to paragraph (4)--
                ``(i) two-thirds of the amount appropriated shall be 
            made available for allotments under subsection (b)(2); and
                ``(ii) one-third of the amount appropriated shall be 
            made available for allotments under subsection (c)(3).
        ``(2) Authorization of appropriations for fiscal years 2007 
    through 2010.--There are authorized to be appropriated $75,000,000 
    for each of fiscal years 2007 through 2010, of which, subject to 
    paragraph (4)--
            ``(A) two-thirds of the amount appropriated for a fiscal 
        year shall be made available for allotments under subsection 
        (b)(2); and
            ``(B) one-third of the amount appropriated for a fiscal 
        year shall be made available for allotments under subsection 
        (c)(3).
        ``(3) Availability.--Funds appropriated for purposes of 
    carrying out this section for a fiscal year shall remain available 
    for obligation through the end of the following fiscal year.
        ``(4) Reallotment.--If, on June 30 of each fiscal year for 
    which funds are appropriated under paragraph (1)(B) or (2), the 
    Secretary determines that all the amounts so appropriated are not 
    allotted or otherwise made available to States, such remaining 
    amounts shall be allotted and made available under subsection (b) 
    among States receiving grants under subsection (b) for the fiscal 
    year based upon the allotment formula specified in such subsection.
        ``(5) No entitlement.--Nothing in this section shall be 
    construed as providing a State with an entitlement to a grant under 
    this section.
    ``(e) Applications.--To be eligible for a grant under this section, 
a State shall submit to the Secretary an application at such time, in 
such manner, and containing such information as the Secretary may 
require.
    ``(f) Annual Report.--The Secretary shall submit to Congress an 
annual report on grants provided under this section. Each such report 
shall include information on the distribution of such grants among 
States and the use of grant funds by States.
    ``(g) Definitions.--In this section:
        ``(1) Qualified high risk pool.--
            ``(A) In general.--The term `qualified high risk pool' has 
        the meaning given such term in section 2744(c)(2), except that 
        a State may elect to meet the requirement of subparagraph (A) 
        of such section (insofar as it requires the provision of 
        coverage to all eligible individuals) through providing for the 
        enrollment of eligible individuals through an acceptable 
        alternative mechanism (as defined for purposes of section 2744) 
        that includes a high risk pool as a component.
        ``(2) Standard risk rate.--The term `standard risk rate' means 
    a rate--
            ``(A) determined under the State high risk pool by 
        considering the premium rates charged by other health insurers 
        offering health insurance coverage to individuals in the 
        insurance market served;
            ``(B) that is established using reasonable actuarial 
        techniques; and
            ``(C) that reflects anticipated claims experience and 
        expenses for the coverage involved.
        ``(3) State.--The term `State' means any of the 50 States and 
    the District of Columbia and includes Puerto Rico, the Virgin 
    Islands, Guam, American Samoa, and the Northern Mariana Islands.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

State High Risk Pool Funding Extension Act of 2006 - (Sec. 2) Amends the Public Health Service Act to reauthorize funds for grants to each state that has not created a qualified high risk pool for the state's cost to create and initially operate such a pool.

Increases the maximum allowable premium charged under a qualified high risk pool to 200% of the premium for applicable standard risk rates. Defines "standard risk rate" as a rate that: (1) is determined under the state high risk pool by considering the premiums charged by other health insurers in the same market; (2) is established using reasonable actuarial techniques; and (3) reflects anticipated claims experience and expenses.

Permits grants awarded by the Secretary of Health and Human Services to states with existing qualified high risk pools to cover losses incurred by a state in connection with the operation of such a pool to be made to entities that operate such a pool under applicable state law. Changes the allocation of such grants to give 40% to eligible states equally, 30% based on the number of uninsured individuals in a state relative to all states, and 30% based on the number of enrollees in a state's qualified high risk pool relative to all states. (Currently, all funds are allotted based solely on the number of uninsured individuals in the state.)

 Requires a state which charges premiums that exceed 150% of the premium for applicable standard risks to use at least 50% of the grant amount to reduce premiums for enrollees.

Limits the maximum grant amount allotted to territories.

Requires the Secretary to award grants to states with qualified high risk pools for the provision of supplemental consumer benefits, which must include one or more of the following benefits: (1) low-income premium subsidies; (2) a reduction in premium trends, actual premiums, or other cost-sharing requirements; (3) an expansion or broadening of the pool of individuals eligible for coverage; (4) less stringent rules or additional waiver authority with respect to coverage of preexisting conditions; (5) increased benefits; or (6) establishment of disease management programs. Limits to 10% of appropriated funds the amount that any state may be allotted.

Authorizes appropriations for FY2006-FY2010.

Sets forth reporting requirements.

Revises the definition of "qualified high risk pool" to allow a state to elect to meet the requirement to provide all eligible individuals with health insurance coverage by utilizing an acceptable alternative mechanism that includes a high risk pool as a component.