In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Significant Regulation Oversight Act 
of 2001''.

SEC. 2. FINDING AND PURPOSE.

    (a) Finding.--The Congress finds that oversight of significant 
rules will be enhanced if they are subject to congressional review and 
approval after being proposed by an agency.
    (b) Purpose.--The purpose of this Act is to ensure that before a 
significant rule takes effect--
            (1) Congress is given an adequate opportunity to review the 
        rule and ensure that it is in accordance with the intent of 
        Congress in enacting the law under which the rule is proposed; 
        and
            (2) Congress approves the rule in accordance with the 
        procedures established by this Act.

SEC. 3. REVIEW OF SIGNIFICANT RULES BY CONGRESS.

    (a) Congressional Approval of Significant Rules Required.--A 
significant rule shall not take effect before the date of the enactment 
of a joint resolution described in section 4(a) comprised solely of the 
text of the significant rule.
    (b) Reporting and Review of Significant Rules.--(1) Before a 
proposed significant rule would take effect as a final rule, the agency 
proposing the rule shall submit to each House of Congress a report 
containing the following:
            (A) A copy of the proposed significant rule.
            (B) A concise summary of the proposed significant rule, its 
        purpose, and anticipated effects.
            (C) A complete copy of any cost-benefit analysis report 
        that has been prepared by the agency with respect to the 
        proposed significant rule.
            (D) An explanation of the specific statutory interpretation 
        under which a rule is proposed, including an explanation of--
                    (i) whether the interpretation is expressly 
                required by the text of the statute; or
                    (ii) if the interpretation is not expressly 
                required by the text of the statute, an explanation 
                that the interpretation is within the range of 
                permissible interpretations of the statute as 
                identified by the agency, and an explanation why the 
                interpretation selected by the agency is the agency's 
                preferred interpretation.
            (E) Any other relevant information or requirements under 
        any other Act and any relevant Executive order.
    (2) Upon receipt of a report under paragraph (1), each House of 
Congress shall provide a copy of the report to the Chairman and ranking 
minority party member of each committee with jurisdiction over the 
subject matter of the report.
    (c) No Inference To Be Drawn Where Congress Fails To Approve.--If 
Congress fails to enact a joint resolution approving a proposed 
significant rule, no court or agency may infer any intent of Congress 
from any action or inaction of Congress with regard to such rule or any 
related statute.

SEC. 4. CONGRESSIONAL APPROVAL PROCEDURE FOR SIGNIFICANT RULES.

    (a) Introduction.--The majority leader of each House of the 
Congress shall introduce (by request) a joint resolution comprised 
solely of the text of a proposed significant rule not later than 3 
session days in the Senate or 3 legislative days in the House of 
Representatives after the date on which an agency submits a report 
under section 3(b) containing the text of the proposed significant 
rule. If the joint resolution is not introduced in either House as 
provided in the preceding sentence, then any Member of that House may 
introduce the joint resolution.
    (b) Referral and Consideration.--(1) The joint resolution shall be 
referred to the appropriate committee of the House in which it is 
introduced. The committee may report the joint resolution without 
substantive revision and with or without recommendation or with an 
adverse recommendation, or the committee may vote not to report the 
joint resolution. If the committee votes to order the joint resolution 
reported, it shall be reported not later than the end of the period 
(not to exceed 45 session days in the Senate or 45 legislative days in 
the House of Representatives) established for consideration of the 
joint resolution by the Speaker of the House of Representatives or the 
majority leader of the Senate, as the case may be. Except in the case 
of a joint resolution which a committee votes not to report, a 
committee failing to report a joint resolution within such period shall 
be automatically discharged from consideration of the joint resolution, 
and it shall be placed on the appropriate calendar.
    (2) A vote on final passage of the joint resolution shall be taken 
in that House on or before the close of the 90th session day in the 
Senate or 90th legislative day in the House of Representatives after 
the date of the introduction of the joint resolution in that House.
    (3)(A) A motion in the House of Representatives to proceed to the 
consideration of a joint resolution under this section shall be highly 
privileged and not debatable. An amendment to the motion shall not be 
in order, nor shall it be in order to move to reconsider the vote by 
which the motion is agreed to or disagreed to.
    (B) Debate in the House of Representatives on a joint resolution 
under this section shall be limited to not more than 4 hours, which 
shall be divided equally between those favoring and those opposing the 
joint resolution. A motion further to limit debate shall not be 
debatable. It shall not be in order to move to recommit a joint 
resolution under this section or to move to reconsider the vote by 
which the joint resolution is agreed to or disagreed to.
    (C) All appeals from the decisions of the chair relating to the 
application of the Rules of the House of Representatives to the 
procedure relating to a joint resolution under this section shall be 
decided without debate.
    (D) Except to the extent specifically provided in the preceding 
provisions of this subsection, consideration of a joint resolution 
under this section shall be governed by the Rules of the House of 
Representatives applicable to other joint resolutions in similar 
circumstances.
    (4)(A) A motion in the Senate to proceed to the consideration of a 
joint resolution under this section shall be privileged and not 
debatable. An amendment to the motion shall not be in order, nor shall 
it be in order to move to reconsider the vote by which the motion is 
agreed to or disagreed to.
    (B) Debate in the Senate on a joint resolution under this section, 
and all debatable motions and appeals in connection therewith, shall be 
limited to not more than 10 hours. The time shall be equally divided 
between, and controlled by, the majority leader and the minority leader 
or their designees.
    (C) Debate in the Senate on any debatable motion or appeal in 
connection with a joint resolution under this section shall be limited 
to not more than 1 hour, to be equally divided between, and controlled 
by, the mover and the manager of the joint resolution, except that in 
the event the manager of the joint resolution is in favor of any such 
motion or appeal, the time in opposition thereto, shall be controlled 
by the minority leader or his designee. Such leaders, or either of 
them, may, from time under their control on the passage of a joint 
resolution, allot additional time to any Senator during the 
consideration of any debatable motion or appeal.
    (D) A motion in the Senate to further limit debate on a joint 
resolution under this section is not debatable. A motion to recommit a 
joint resolution under this section is not in order.
    (c) Amendments Prohibited.--No amendment to a joint resolution 
considered under this section shall be in order in either the House of 
Representatives or the Senate. No motion to suspend the application of 
this subsection shall be in order in either House, nor shall it be in 
order in either House for the presiding officer to entertain a request 
to suspend the application of this subsection by unanimous consent.
    (d) Treatment if the Other House Has Acted.--If, before the passage 
by one House of a joint resolution of that House described in 
subsection (a), that House receives from the other House a joint 
resolution described in subsection (a) comprised of the same text, 
then--
            (1) the procedure in that House shall be the same as if no 
        joint resolution had been received from the other House, and
            (2) the vote on final passage shall be on the joint 
        resolution of the other House.
    (e) Constitutional Authority.--This section is enacted by 
Congress--
            (1) as an exercise of the rulemaking power of the Senate 
        and the House of Representatives, respectively, and as such it 
        is deemed a part of the rules of each House, respectively, but 
        applicable only with respect to the procedure to be followed in 
        that House in the case of a joint resolution described in 
        subsection (a), and it supersedes other rules only to the 
        extent that it is inconsistent with such rules; and
            (2) with full recognition of the constitutional right of 
        either House to change the rules (so far as  relating to the 
procedure of that House) at any time, in the same manner, and to the 
same extent as in the case of any other rule of that House.

SEC. 5. EXISTING RULES.

    (a) In General.--Any existing rule may be revised or revoked in 
accordance with this section if a petition for review so requests.
    (b) Introduction.--If a petition for review is filed with the Clerk 
of the House of Representatives or the Secretary of the Senate, the 
Clerk or the Secretary shall determine whether the petition meets the 
requirements of subsection (d). If the Clerk or the Secretary 
determines that a petition meets those requirements, he or she shall 
notify the majority leader of that House. The majority leader so 
notified shall, within 3 session days in the Senate or 3 legislative 
days in the House of Representatives, introduce a joint resolution (by 
request) that makes the revision or revocation of existing rules 
proposed by the petition upon the enactment of that joint resolution. 
If the joint resolution is not introduced as provided in the preceding 
sentence, then any Member of that House may introduce the joint 
resolution.
    (c) Procedures for Consideration in the House of Representatives 
and the Senate.--Any joint resolution introduced under subsection (b) 
shall be considered in the House of Representatives and the Senate in 
accordance with the procedures respecting a joint resolution set forth 
in section 4.
    (d) Petitions for Review.--A petition for review under subsection 
(a) shall contain the following:
            (1) Any rule affected by the petition and the contents of 
        that rule as it would exist if a joint resolution revising or 
        revoking that rule pursuant to the petition were enacted.
            (2) For a petition in the Senate, the signatures of 30 
        Senators, or for a petition in the House of Representatives, 
        the signatures of 120 Members.

SEC. 6. DEFINITIONS.

    For purposes of this Act:
            (1) Agency.--The term ``agency'' has the meaning given that 
        term in section 551 of title 5, United States Code (relating to 
        administrative procedure).
            (2) Session day and legislative day.--The terms ``session 
        day'' and ``legislative day'' do not include, with respect to a 
        House of the Congress, any day throughout which that House is 
        not in session.
            (3) Rule.--(A) The term ``rule'' has the meaning given such 
        term by section 551 of title 5, United States Code, except that 
        such term does not include--
                    (i) any rule of particular applicability including 
                a rule that approves or prescribes--
                            (I) future rates, wages, prices, services, 
                        or allowances therefor,
                            (II) corporate or financial structures, 
                        reorganizations, mergers, or acquisitions 
                        thereof, or
                            (III) accounting practices or disclosures 
                        bearing on any of the foregoing, or
                    (ii) any rule of agency organization, personnel, 
                procedure, practice, or any routine matter.
            (B) The term ``final rule'' means any final rule or interim 
        final rule.
            (4) Significant rule.--The term ``significant rule'' means 
        any rule proposed by an agency that is specified or described 
        as such in the Act that authorizes the rule.

SEC. 7. EXEMPTION FOR MONETARY POLICY.

    Nothing in this Act applies to any rule concerning monetary policy 
proposed or implemented by the Board of Governors of the Federal 
Reserve System or the Federal Open Market Committee.
[A]: Significant Regulation Oversight Act of 2001 - Prohibits a significant rule from taking effect before the enactment of a joint resolution described in this Act comprising solely of the text of such rule. Calls for congressional reporting and review of significant rules before they take effect as final rules.Provides that, if Congress fails to enact a joint resolution approving the proposed rule, no court or agency may infer any intent of Congress from any action or inaction with regard to such rule or any related statute.Sets forth: (1) the congressional approval procedure for significant rules; and (2) provisions with respect to revising or revoking an existing rule.Exempts from this Act rules concerning monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Residential Energy Savings Act of 
2013''.

SEC. 2. STATE RESIDENTIAL BUILDING ENERGY EFFICIENCY UPGRADES LOAN 
              PILOT PROGRAM.

    (a) Loans for Residential Building Energy Efficiency Upgrades.--
Part D of title III of the Energy Policy and Conservation Act (42 
U.S.C. 6321 et seq.) is amended by adding at the end the following:

``SEC. 367. LOANS FOR RESIDENTIAL BUILDING ENERGY EFFICIENCY UPGRADES.

    ``(a) Definitions.--In this section:
            ``(1) Consumer-friendly loan repayment approach.--The term 
        `consumer-friendly loan repayment approach' means a loan 
        repayment method that--
                    ``(A) emphasizes convenience for customers;
                    ``(B) is of low cost to consumers; and
                    ``(C) may tie loan repayment to an existing bill of 
                the consumer.
            ``(2) Eligible entity.--The term `eligible entity' means--
                    ``(A) a State or territory of the United States; 
                and
                    ``(B) an Indian tribal government.
            ``(3) Energy advisor program.--
                    ``(A) In general.--The term `energy advisor 
                program' means any program to provide to homeowners or 
                residents advice, information, and support in the 
                identification, prioritization, and implementation of 
                energy efficiency and energy savings measures.
                    ``(B) Inclusions.--The term `energy advisor 
                program' includes a program that provides--
                            ``(i) interpretation of energy audit 
                        reports;
                            ``(ii) assistance in the prioritization of 
                        improvements;
                            ``(iii) assistance in finding qualified 
                        contractors;
                            ``(iv) assistance in contractor bid 
                        reviews;
                            ``(v) education on energy conservation, 
                        renewable energy, and energy efficiency;
                            ``(vi) explanations of available incentives 
                        and tax credits;
                            ``(vii) assistance in completion of rebate 
                        and incentive paperwork; and
                            ``(viii) any other similar type of support.
            ``(4) Energy efficiency.--The term `energy efficiency' 
        means a reduction in energy use, including thermal energy for 
        heating.
            ``(5) Energy efficiency upgrade.--
                    ``(A) In general.--The term `energy efficiency 
                upgrade' means any project or activity carried out on a 
                residential building to increase energy efficiency.
                    ``(B) Inclusions.--The term `energy efficiency 
                upgrade' includes the installation or improvement of 
                renewable energy for heating or electricity generation 
                serving a residential building carried out in 
                conjunction with an energy efficiency project or 
                activity.
            ``(6) Residential building.--
                    ``(A) In general.--The term `residential building' 
                means a building used for residential purposes.
                    ``(B) Inclusions.--The term `residential building' 
                includes--
                            ``(i) a single-family residence;
                            ``(ii) a multifamily residence composed not 
                        more than 4 units; and
                            ``(iii) a mixed-use building that includes 
                        not more than 4 residential units.
    ``(b) Establishment of Program.--
            ``(1) In general.--The Secretary shall establish a program 
        under this part under which the Secretary shall make available 
        to eligible entities loans for the purpose of establishing or 
        expanding programs that provide to residential property owners 
        or tenants financing for energy efficiency upgrades of 
        residential buildings.
            ``(2) No requirement to participate.--No eligible entity 
        shall be required to participate in any manner in the program 
        established under paragraph (1).
    ``(c) Applications.--
            ``(1) In general.--To be eligible to receive a loan under 
        this section, an eligible entity shall submit to the Secretary 
        an application at such time, in such manner, and containing 
        such information as the Secretary may require.
            ``(2) Selection.--In selecting eligible entities to receive 
        loans under this section, the Secretary shall--
                    ``(A) to the maximum extent practicable, ensure--
                            ``(i) that both innovative and established 
                        approaches to the challenges of financing 
                        energy efficiency upgrades are supported;
                            ``(ii) regional diversity among recipients, 
                        including participation by rural States and 
                        small States; and
                            ``(iii) significant participation by low- 
                        and medium-income families;
                    ``(B) evaluate applications based primarily on--
                            ``(i) the projected reduction in energy 
                        use;
                            ``(ii) the extent to which Federal funds 
                        are used to leverage additional funding from 
                        State, local, philanthropic, private sector, 
                        and other sources;
                            ``(iii) the creditworthiness of the 
                        eligible entity; and
                            ``(iv) the incorporation of measures, such 
                        as on-bill repayment, for making the loan 
                        repayment system for recipients of financing as 
                        consumer-friendly as practicable; and
                    ``(C) evaluate applications based secondarily on--
                            ``(i) the extent to which the proposed 
                        financing program of the eligible entity 
                        incorporates best practices for such a program, 
                        as determined by the Secretary;
                            ``(ii) whether the eligible entity has 
                        created a plan for evaluating the effectiveness 
                        of the proposed financing program;
                            ``(iii) the extent to which the proposed 
                        financing program incorporates energy advisor 
                        programs and support programs designed to 
                        increase the effectiveness of the program;
                            ``(iv) the projected quantity of renewable 
                        energy to be generated, to the extent that 
                        renewable energy generation will be included;
                            ``(v) the extent to which the proposed 
                        financing program will be coordinated and 
                        marketed with other existing or planned energy 
                        efficiency programs administered by--
                                    ``(I) utilities;
                                    ``(II) State, tribal, territorial, 
                                or local governments; or
                                    ``(III) community development 
                                financial institutions; and
                            ``(vi) such other factors as the Secretary 
                        determines to be appropriate.
    ``(d) Term; Interest.--
            ``(1) In general.--The Secretary shall establish terms and 
        interest rates for loans provided to eligible entities under 
        this section in a manner that--
                    ``(A) provides for a high degree of cost recovery; 
                and
                    ``(B) ensures that the loans are competitive with, 
                or superior to, other forms of financing for similar 
                purposes.
            ``(2) Performance incentive.--The Secretary shall establish 
        a performance incentive providing a repayment discount for 
        eligible entities in an amount equal to not more than the value 
        of the interest accrued on the loan provided to the applicable 
        eligible entity under this section, based on performance as 
        evaluated in accordance with the factors described in 
        subparagraphs (B) and (C) of subsection (c)(2).
    ``(e) Use of Funds.--
            ``(1) In general.--An eligible entity shall use a loan 
        provided under this section to establish or expand a financing 
        program--
                    ``(A) the purpose of which is to enable residential 
                building owners or tenants to conduct energy efficiency 
                upgrades of residential buildings;
                    ``(B) that may not require any initial capital, 
                excluding fees; and
                    ``(C) that incorporates a consumer-friendly loan 
                repayment approach.
            ``(2) Structure of financing program.--The financing 
        program of an eligible entity may--
                    ``(A) consist--
                            ``(i) primarily or entirely of a financing 
                        program administered by--
                                    ``(I) the applicable State; or
                                    ``(II) a local government, utility, 
                                or other entity; or
                            ``(ii) of a combination of programs 
                        described in clause (i); and
                    ``(B) rely on financing provided by--
                            ``(i) the eligible entity; or
                            ``(ii) a third party, acting through the 
                        eligible entity.
            ``(3) Form of assistance.--Assistance provided by an 
        eligible entity under this subsection may be in the form of--
                    ``(A) a revolving loan fund;
                    ``(B) a credit enhancement structure designed to 
                mitigate the effects of default; or
                    ``(C) a program that--
                            ``(i) adopts any other approach for 
                        providing financing for energy efficiency 
                        upgrades producing significant energy 
                        efficiency gains;
                            ``(ii) produces a high-leverage ratio of 
                        non-Federal funds; and
                            ``(iii) incorporates measures for making 
                        the loan repayment system for recipients of 
                        financing as consumer-friendly as practicable.
            ``(4) Scope of assistance.--Assistance provided by an 
        eligible entity under this subsection may be used to pay for 
        costs associated with carrying out an energy efficiency 
        upgrade, including materials and labor.
    ``(f) Repayment.--An eligible entity shall repay to the Secretary 
the amount of a loan provided under this section, together with--
            ``(1) interest accrued on that amount; and
            ``(2) such fees as the Secretary determines to be necessary 
        to recover any portion of the costs of the program under this 
        section.
    ``(g) Reports.--
            ``(1) Eligible entities.--
                    ``(A) In general.--Not later than 2 years after the 
                date of receipt of the loan, and annually thereafter 
                for the term of the loan, an eligible entity that 
                receives a loan under this section shall submit to the 
                Secretary a report describing the performance of each 
                program and activity carried out using the loan, 
                including anonymized loan performance data.
                    ``(B) Requirements.--The Secretary, in consultation 
                with eligible entities and other stakeholders (such as 
                lending institutions and the real estate industry), 
                shall establish such requirements for the reports under 
                this paragraph as the Secretary determines to be 
                appropriate--
                            ``(i) to ensure that the reports are clear, 
                        consistent, and straightforward; and
                            ``(ii) taking into account the reporting 
                        requirements for similar programs in which the 
                        eligible entities are participating, if any.
            ``(2) Secretary.--The Secretary shall submit to Congress 
        and make available to the public--
                    ``(A) not less frequently than once each year, a 
                report describing the performance of the program under 
                this section, including a synthesis and analysis of the 
                information provided in the reports submitted to the 
                Secretary under paragraph (1)(A); and
                    ``(B) on termination of the program under this 
                section, an assessment of the success of, and education 
                provided by, the measures carried out by eligible 
                entities during the term of the program.
    ``(h) Maximum Amount.--The Secretary may provide to eligible 
entities a total of not more than $2,000,000,000 in loans under this 
section for the costs of activities described in subsection (e).''.
    (b) Reorganization.--
            (1) In general.--Part D of title III of the Energy Policy 
        and Conservation Act (42 U.S.C. 6321 et seq.) is amended--
                    (A) by redesignating sections 362, 363, 364, 365, 
                and 366 as sections 364, 365, 366, 363, and 362, 
                respectively, and moving the sections so as to appear 
                in numerical order;
                    (B) in section 362 (as so redesignated)--
                            (i) in paragraph (3)(B)(i), by striking 
                        ``section 367, and'' and inserting ``section 
                        367 (as in effect on the day before the date of 
                        enactment of the State Energy Efficiency 
                        Programs Improvement Act of 1990 (42 U.S.C. 
                        6201 note; Public Law 101-440)); and''; and
                            (ii) in each of paragraphs (4) and (6), by 
                        striking ``section 365(e)(1)'' each place it 
                        appears and inserting ``section 363(e)(1)'';
                    (C) in section 363 (as so redesignated)--
                            (i) in subsection (b), by striking ``the 
                        provisions of sections 362 and 364 and 
                        subsection (a) of section 363'' and inserting 
                        ``sections 364, 365(a), and 366''; and
                            (ii) in subsection (g)(1)(A), in the second 
                        sentence, by striking ``section 362'' and 
                        inserting ``section 364''; and
                    (D) in section 365 (as so redesignated)--
                            (i) in subsection (a)--
                                    (I) in paragraph (1), by striking 
                                ``section 362,'' and inserting 
                                ``section 364;''; and
                                    (II) in paragraph (2), by striking 
                                ``section 362(b) or (e)'' and inserting 
                                ``subsection (b) or (e) of section 
                                364''; and
                            (ii) in subsection (b)(2), in the matter 
                        preceding subparagraph (A), by striking 
                        ``section 362(b) or (e)'' and inserting 
                        ``subsection (b) or (e) of section 364''.
            (2) Conforming amendments.--Section 391 of the Energy 
        Policy and Conservation Act (42 U.S.C. 6371) is amended--
                    (A) in paragraph (2)(M), by striking ``section 
                365(e)(2)'' and inserting ``section 363(e)(2)''; and
                    (B) in paragraph (10), by striking ``section 362 of 
                this Act'' and inserting ``section 364''.
            (3) Clerical amendment.--The table of contents of the 
        Energy Policy and Conservation Act (42 U.S.C. 6201 note; Public 
        Law 94-163) is amended by striking the items relating to part D 
        of title III and inserting the following:

              ``Part D--State Energy Conservation Programs

``Sec. 361. Findings and purpose.
``Sec. 362. Definitions.
``Sec. 363. General provisions.
``Sec. 364. State energy conservation plans.
``Sec. 365. Federal assistance to States.
``Sec. 366. State energy efficiency goals.
``Sec. 367. Loans for residential building energy efficiency 
                            upgrades.''.

SEC. 3. FUNDING.

    (a) Budgetary Effects.--The budgetary effects of this Act, for the 
purpose of complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement titled 
``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for 
printing in the Congressional Record by the Chairman of the Senate 
Budget Committee, provided that such statement has been submitted prior 
to the vote on passage.
    (b) Advance Appropriations Required.--An authorization of 
appropriations under this Act or an amendment made by this Act shall be 
effective for a fiscal year only to the extent and in the amounts 
provided in advance in appropriations Acts.
[A]: Residential Energy Savings Act of 2013 - Amends the Energy Policy and Conservation Act to require the Secretary of Energy (DOE) to establish a voluntary loan program to provide support to states, U.S. territories, and Indian tribal governments (eligible entities) in establishing or expanding programs that provide to residential property owners or tenants financing for energy efficiency upgrades of residential buildings. Authorizes assistance provided by eligible entities to be in the form of a: (1) revolving loan fund; (2) credit enhancement structure designed to mitigate the effects of default; or (3) program that adopts other approaches for providing financing for upgrades producing significant energy efficiency gains, produces a high-leverage ratio of non-federal funds, and incorporates measures for making the loan repayment system for recipients of financing consumer-friendly. Requires the Secretary to establish a performance incentive providing a repayment discount in an amount equal to no more than the value of the interest accrued on the loan provided, based on performance as evaluated in accordance with specified factors. Makes an authorization of appropriations under this Act effective for a fiscal year only to the extent and in the amounts provided in advance in appropriations Acts.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Date Certain Tax Code Replacement 
Act''.

SEC. 2. PURPOSE.

    The purpose of this Act is to set a date certain for replacing the 
Internal Revenue Code of 1986 with a simple and fair alternative.

SEC. 3. TERMINATION OF INTERNAL REVENUE CODE OF 1986.

    (a) In General.--No tax shall be imposed by the Internal Revenue 
Code of 1986--
            (1) for any taxable year beginning after December 31, 2008; 
        and
            (2) in the case of any tax not imposed on the basis of a 
        taxable year, on any taxable event or for any period after 
        December 31, 2008.
    (b) Exception.--Subsection (a) shall not apply to taxes imposed 
by--
            (1) chapter 2 of such Code (relating to tax on self-
        employment income);
            (2) chapter 21 of such Code (relating to Federal Insurance 
        Contributions Act); and
            (3) chapter 22 of such Code (relating to Railroad 
        Retirement Tax Act).

SEC. 4. NATIONAL COMMISSION ON TAX REFORM AND SIMPLIFICATION.

    (a) Findings.--The Congress finds the following:
            (1) The Internal Revenue Code of 1986 is overly complex, 
        imposes significant burdens on individuals and businesses and 
        the economy, is extremely difficult for the Internal Revenue 
        Service to administer, and is in need of fundamental reform and 
        simplification.
            (2) Many of the problems encountered by taxpayers in 
        dealing with the Internal Revenue Service could be eliminated 
        or alleviated by fundamental reform and simplification.
            (3) Recent efforts to simplify or reform the tax laws have 
        not been successful due in part to the difficulty of developing 
        broad-based, nonpartisan support for proposals to make such 
        changes.
            (4) Many of the problems with the Internal Revenue Service 
        stem from the overly complex tax code the agency is asked to 
        administer.
    (b) Establishment.--
            (1) In general.--To carry out the purposes of this section, 
        there is established within the legislative branch a National 
        Commission on Tax Reform and Simplification (in this section 
        referred to as the ``Commission'').
            (2) Composition.--The Commission shall be composed of 15 
        members (of which not less than 2 members are from small 
        businesses with less than 50 employees), as follows:
                    (A) Three members appointed by the President, two 
                from the executive branch of the Government and one 
                from the private sector.
                    (B) Four members appointed by the majority leader 
                of the Senate, one from Members of the Senate and three 
                from the private sector.
                    (C) Two members appointed by the minority leader of 
                the Senate, one from Members of the Senate and one from 
                the private sector.
                    (D) Four members appointed by the Speaker of the 
                House of Representatives, one from Members of the House 
                and three from the private sector.
                    (E) Two members appointed by the minority leader of 
                the House of Representatives, one from Members of the 
                House and one from the private sector.
            (3) Chair.--The Commission shall elect a Chair (or two Co-
        Chairs) from among its members.
            (4) Meetings, quorums, vacancies.--After its initial 
        meeting, the Commission shall meet upon the call of the Chair 
        (Co-Chairs, if elected) or a majority of its members. Nine 
        members of the Commission shall constitute a quorum. Any 
        vacancy in the Commission shall not affect its powers, but 
        shall be filled in the same manner in which the original 
        appointment was made. Any meeting of the Commission or any 
        subcommittee thereof may be held in executive session to the 
        extent that the Chair (Co-Chairs, if elected) or a majority of 
        the members of the Commission or subcommittee determine 
        appropriate.
            (5) Continuation of membership.--If--
                    (A) any individual who appointed a member to the 
                Commission by virtue of holding a position described in 
                paragraph (2) ceases to hold such position before the 
                report of the Commission is submitted under subsection 
                (g); or
                    (B) a member was appointed to the Commission as a 
                Member of Congress and the member ceases to be a Member 
                of Congress, or was appointed to the Commission because 
                the member was not an officer or employee of any 
                government and later becomes an officer or employee of 
                a government,
        that member may continue as a member for not longer than the 
        30-day period beginning on the date that such individual ceases 
        to hold such position or such member ceases to be a Member of 
        Congress or becomes such an officer or employee, as the case 
        may be.
            (6) Appointment; initial meeting.--
                    (A) Appointment.--It is the sense of the Congress 
                that members of the Commission should be appointed not 
                more than 60 days after the date of the enactment of 
                this Act.
                    (B) Initial meeting.--If, after 60 days from the 
                date of the enactment of this Act, eight or more 
                members of the Commission have been appointed, members 
                who have been appointed may meet and select the Chair 
                (or Co-Chairs) who thereafter shall have the authority 
                to begin the operations of the Commission, including 
                the hiring of staff.
    (c) Functions of the Commission.--
            (1) In general.--The functions of the Commission shall be--
                    (A) to conduct, for a period not to exceed 18 
                months from the date of its first meeting, the review 
                described in paragraph (2); and
                    (B) to submit to the Congress a report of the 
                results of such review, including recommendations for 
                fundamental reform and simplification of the Internal 
                Revenue Code of 1986, as described in subsection (g).
            (2) Review.--The Commission shall review--
                    (A) the present structure and provisions of the 
                Internal Revenue Code of 1986, especially with respect 
                to--
                            (i) its impact on the economy (including 
                        the impact on savings, capital formation and 
                        capital investment);
                            (ii) its impact on families and the 
                        workforce (including issues relating to 
                        distribution of tax burden);
                            (iii) the compliance cost to taxpayers, 
                        including small businesses and corporations; 
                        and
                            (iv) the ability of the Internal Revenue 
                        Service to administer such provisions;
                    (B) whether tax systems imposed under the laws of 
                other countries could provide more efficient and fair 
                methods of funding the revenue requirements of the 
                government;
                    (C) whether the present income tax system should be 
                replaced with a flat tax, a national sales tax, or any 
                other specified tax system;
                    (D) whether the Internal Revenue Code of 1986 can 
                be simplified, absent wholesale restructuring or 
                replacement thereof; and
                    (E) the transition costs (including the length of 
                time recommended for a smooth transition) associated 
                with any changes to the present Federal tax system 
                (both real and implied) which would be imposed on 
                citizens, businesses, and the Government.
    (d) Powers of the Commission.--
            (1) In general.--The Commission or, on the authorization of 
        the Commission, any subcommittee or member thereof, may, for 
        the purpose of carrying out the provisions of this section, 
        hold such hearings and sit and act at such times and places, 
        take such testimony, receive such evidence, and administer such 
        oaths, as the Commission or such designated subcommittee or 
        designated member may deem advisable.
            (2) Contracting.--The Commission may, to such extent and in 
        such amounts as are provided in appropriation Acts, enter into 
        contracts to enable the Commission to discharge its duties 
        under this section.
            (3) Assistance from federal agencies and offices.--
                    (A) Information.--The Commission is authorized to 
                secure directly from any executive department, bureau, 
                agency, board, commission, office, independent 
                establishment, or instrumentality of the Government, as 
                well as from any committee or other office of the 
                legislative branch, such information, suggestions, 
                estimates, and statistics as it requires for the 
                purposes of its review and report. Each such 
                department, bureau, agency, board, commission, office, 
                establishment, instrumentality, or committee shall, to 
                the extent not prohibited by law, furnish such 
                information, suggestions, estimates, and statistics 
                directly to the Commission, upon request made by the 
                Chair (Co-Chairs, if elected).
                    (B) Treasury department.--The Secretary of the 
                Treasury is authorized on a nonreimbursable basis to 
                provide the Commission with administrative services, 
                funds, facilities, staff, and other support services 
                for the performance of the Commission's functions.
                    (C) General services administration.--The 
                Administrator of General Services shall provide to the 
                Commission on a nonreimbursable basis such 
                administrative support services as the Commission may 
                request.
                    (D) Joint committee on taxation.--The staff of the 
                Joint Committee on Taxation is authorized on a 
                nonreimbursable basis to provide the Commission with 
                such legal, economic, or policy analysis, including 
                revenue estimates, as the Commission may request.
                    (E) Other assistance.--In addition to the 
                assistance set forth in subparagraphs (A), (B), (C), 
                and (D), departments and agencies of the United States 
                are authorized to provide to the Commission such 
                services, funds, facilities, staff, and other support 
                services as they may deem advisable and as may be 
                authorized by law.
            (4) Postal services.--The Commission may use the United 
        States mails in the same manner and under the same conditions 
        as departments and agencies of the United States.
            (5) Gifts.--The Commission may accept, use, and dispose of 
        gifts or donations of services or property in carrying out its 
        duties under this section.
    (e) Staff of the Commission.--
            (1) In general.--The Chair (Co-Chairs, if elected), in 
        accordance with rules agreed upon by the Commission, may 
        appoint and fix the compensation of a staff director and such 
        other personnel as may be necessary to enable the Commission to 
        carry out its functions without regard to the provisions of 
        title 5, United States Code, governing appointments in the 
        competitive service, and without regard to the provisions of 
        chapter 51 and subchapter III or chapter 53 of such title 
        relating to classification and General Schedule pay rates, 
        except that no rate of pay fixed under this subsection may 
        exceed the equivalent of that payable to a person occupying a 
        position at level V of the Executive Schedule under section 
        5316 of title 5, United States Code. Any Federal Government 
        employee may be detailed to the Commission without 
        reimbursement from the Commission, and such detailee shall 
        retain the rights, status, and privileges of his or her regular 
        employment without interruption.
            (2) Consultant services.--The Commission is authorized to 
        procure the services of experts and consultants in accordance 
        with section 3109 of title 5, United States Code, but at rates 
        not to exceed the daily rate paid a person occupying a position 
        at level IV of the Executive Schedule under section 5315 of 
        title 5, United States Code.
    (f) Compensation and Travel Expenses.--
            (1) Compensation.--
                    (A) In general.--Except as provided in subparagraph 
                (B), each member of the Commission may be compensated 
                at not to exceed the daily equivalent of the annual 
                rate of basic pay in effect for a position at level IV 
                of the Executive Schedule under section 5315 of title 
                5, United States Code, for each day during which that 
                member is engaged in the actual performance of the 
                duties of the Commission.
                    (B) Exception.--Members of the Commission who are 
                officers or employees of the United States or Members 
                of Congress shall receive no additional pay on account 
                of their service on the Commission.
            (2) Travel expenses.--While away from their homes or 
        regular places of business in the performance of services for 
        the Commission, members of the Commission shall be allowed 
        travel expenses, including per diem in lieu of subsistence, in 
        the same manner as persons employed intermittently in the 
        Government service are allowed expenses under section 5703(b) 
        of title 5, United States Code.
    (g) Report of the Commission; Termination.--
            (1) Report.--Not later than 18 months after the date of the 
        first meeting of the Commission, the Commission shall submit a 
        report to the Committee on Ways and Means of the House of 
        Representatives and the Committee on Finance of the Senate. The 
        report of the Commission shall describe the results of its 
        review (as described in subsection (c)(2)), shall make such 
        recommendations for fundamental reform and simplification of 
        the Internal Revenue Code of 1986 as the Commission considers 
        appropriate, and shall describe the expected impact of such 
        recommendations on the economy. The measurement of such impact 
        shall be made using both static and dynamic scoring models.
            (2) Termination.--
                    (A) In general.--The Commission, and all the 
                authorities of this section, shall terminate on the 
                date which is 90 days after the date on which the 
                report is required to be submitted under paragraph (1).
                    (B) Concluding activities.--The Commission may use 
                the 90-day period referred to in subparagraph (A) for 
                the purposes of concluding its activities, including 
                providing testimony to committees of Congress 
                concerning its report and disseminating that report.
    (h) Authorization of Appropriations.--There is authorized to be 
appropriated such sums as may be necessary for the activities of the 
Commission. Until such time as funds are specifically appropriated for 
such activities, $2,000,000 shall be available from fiscal year 2006 
funds appropriated to the Treasury Department, ``Departmental Offices'' 
account, for the activities of the Commission, to remain available 
until expended.

SEC. 5. TIMING OF IMPLEMENTATION.

    In order to ensure an easy transition and effective implementation, 
the Congress hereby declares that any new Federal tax system shall be 
approved by Congress in its final form no later than July 4, 2008. If a 
new Federal tax system is not so approved by July 4, 2008, then 
Congress shall be required to vote to reauthorize the Internal Revenue 
Code of 1986.
[A]:
Date Certain Tax Code Replacement Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2008, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income).

Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system can be replaced by more a more efficient and fair system of taxation; and (3) submit a report to Congress on the results of its review with recommendations for fundamental reform and simplification of the Code.

Requires congressional approval of a new federal tax system no later than July 4, 2008, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.