instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Drug Trafficking Vessel Interdiction 
Act of 2008''.

                     TITLE I--CRIMINAL PROHIBITION

SEC. 101. FINDINGS AND DECLARATIONS.

    Congress finds and declares that operating or embarking in a 
submersible vessel or semi-submersible vessel without nationality and 
on an international voyage is a serious international problem, 
facilitates transnational crime, including drug trafficking, and 
terrorism, and presents a specific threat to the safety of maritime 
navigation and the security of the United States.

SEC. 102. OPERATION OF SUBMERSIBLE VESSEL OR SEMI-SUBMERSIBLE VESSEL 
              WITHOUT NATIONALITY.

    (a) In General.--Chapter 111 of title 18, United States Code, is 
amended by adding at the end the following new section:
``Sec. 2285. Operation of submersible vessel or semi-submersible vessel 
              without nationality
    ``(a) Offense.--Whoever knowingly operates, or attempts or 
conspires to operate, by any means, or embarks in any submersible 
vessel or semi-submersible vessel that is without nationality and that 
is navigating or has navigated into, through, or from waters beyond the 
outer limit of the territorial sea of a single country or a lateral 
limit of that country's territorial sea with an adjacent country, with 
the intent to evade detection, shall be fined under this title, 
imprisoned not more than 15 years, or both.
    ``(b) Evidence of Intent To Evade Detection.--For purposes of 
subsection (a), the presence of any of the indicia described in 
paragraph (1)(A), (E), (F), or (G), or in paragraph (4), (5), or (6), 
of section 70507(b) of title 46 may be considered, in the totality of 
the circumstances, to be prima facie evidence of intent to evade 
detection.
    ``(c) Extraterritorial Jurisdiction.--There is extraterritorial 
Federal jurisdiction over an offense under this section, including an 
attempt or conspiracy to commit such an offense.
    ``(d) Claim of Nationality or Registry.--A claim of nationality or 
registry under this section includes only--
            ``(1) possession on board the vessel and production of 
        documents evidencing the vessel's nationality as provided in 
        article 5 of the 1958 Convention on the High Seas;
            ``(2) flying its nation's ensign or flag; or
            ``(3) a verbal claim of nationality or registry by the 
        master or individual in charge of the vessel.
    ``(e) Affirmative Defenses.--
            ``(1) In general.--It is an affirmative defense to a 
        prosecution for a violation of subsection (a), which the 
        defendant has the burden to prove by a preponderance of the 
        evidence, that the submersible vessel or semi-submersible 
        vessel involved was, at the time of the offense--
                    ``(A) a vessel of the United States or lawfully 
                registered in a foreign nation as claimed by the master 
                or individual in charge of the vessel when requested to 
                make a claim by an officer of the United States 
                authorized to enforce applicable provisions of United 
                States law;
                    ``(B) classed by and designed in accordance with 
                the rules of a classification society;
                    ``(C) lawfully operated in government-regulated or 
                licensed activity, including commerce, research, or 
                exploration; or
                    ``(D) equipped with and using an operable automatic 
                identification system, vessel monitoring system, or 
                long range identification and tracking system.
            ``(2) Production of documents.--The affirmative defenses 
        provided by this subsection are proved conclusively by the 
        production of--
                    ``(A) government documents evidencing the vessel's 
                nationality at the time of the offense, as provided in 
                article 5 of the 1958 Convention on the High Seas;
                    ``(B) a certificate of classification issued by the 
                vessel's classification society upon completion of 
                relevant classification surveys and valid at the time 
                of the offense; or
                    ``(C) government documents evidencing licensure, 
                regulation, or registration for commerce, research, or 
                exploration.
    ``(f) Federal Activities Excepted.--Nothing in this section applies 
to lawfully authorized activities carried out by or at the direction of 
the United States Government.
    ``(g) Applicability of Other Provisions.--Sections 70504 and 70505 
of title 46 apply to offenses under this section in the same manner as 
they apply to offenses under section 70503 of such title.
    ``(h) Definitions.--In this section, the terms `submersible 
vessel', `semi-submersible vessel', `vessel of the United States', and 
`vessel without nationality' have the meaning given those terms in 
section 70502 of title 46.''.
    (b) Clerical Amendment.--The chapter analysis for chapter 111 of 
title 18, United States Code, is amended by inserting after the item 
relating to section 2284 the following:

``2285. Operation of submersible vessel or semi-submersible vessel 
                            without nationality.''.

SEC. 103. SENTENCING GUIDELINES.

    (a) In General.--Pursuant to its authority under section 994(p) of 
title 28, United States Code, and in accordance with this section, the 
United States Sentencing Commission shall promulgate sentencing 
guidelines (including policy statements) or amend existing sentencing 
guidelines (including policy statements) to provide adequate penalties 
for persons convicted of knowingly operating by any means or embarking 
in any submersible vessel or semi-submersible vessel in violation of 
section 2285 of title 18, United States Code.
    (b) Requirements.--In carrying out this section, the United States 
Sentencing Commission shall--
            (1) ensure that the sentencing guidelines and policy 
        statements reflect the serious nature of the offense described 
        in section 2285 of title 18, United States Code, and the need 
        for deterrence to prevent such offenses;
            (2) account for any aggravating or mitigating circumstances 
        that might justify exceptions, including--
                    (A) the use of a submersible vessel or semi-
                submersible vessel described in section 2285 of title 
                18, United States Code, to facilitate other felonies;
                    (B) the repeated use of a submersible vessel or 
                semi-submersible vessel described in section 2285 of 
                title 18, United States Code, to facilitate other 
                felonies, including whether such use is part of an 
                ongoing criminal organization or enterprise;
                    (C) whether the use of such a vessel involves a 
                pattern of continued and flagrant violations of section 
                2285 of title 18, United States Code;
                    (D) whether the persons operating or embarking in a 
                submersible vessel or semi-submersible vessel willfully 
                caused, attempted to cause, or permitted the 
                destruction or damage of such vessel or failed to heave 
                to when directed by law enforcement officers; and
                    (E) circumstances for which the sentencing 
                guidelines (and policy statements) provide sentencing 
                enhancements;
            (3) ensure reasonable consistency with other relevant 
        directives, other sentencing guidelines and policy statements, 
        and statutory provisions;
            (4) make any necessary and conforming changes to the 
        sentencing guidelines and policy statements; and
            (5) ensure that the sentencing guidelines and policy 
        statements adequately meet the purposes of sentencing set forth 
        in section 3553(a)(2) of title 18, United States Code.

                      TITLE II--CIVIL PROHIBITION

SEC. 201. OPERATION OF SUBMERSIBLE VESSEL OR SEMI-SUBMERSIBLE VESSEL 
              WITHOUT NATIONALITY.

    (a) Finding and Declaration.--Section 70501 of title 46, United 
States Code, is amended--
            (1) by inserting ``(1)'' after ``that''; and
            (2) by striking ``States.'' and inserting ``States and (2) 
        operating or embarking in a submersible vessel or semi-
        submersible vessel without nationality and on an international 
        voyage is a serious international problem, facilitates 
        transnational crime, including drug trafficking, and terrorism, 
        and presents a specific threat to the safety of maritime 
        navigation and the security of the United States.''.

SEC. 202. OPERATION PROHIBITED.

    (a) In General.--Chapter 705 of title 46, United States Code, is 
amended by adding at the end thereof the following:
``Sec. 70508. Operation of submersible vessel or semi-submersible 
              vessel without nationality
    ``(a) In General.--An individual may not operate by any means or 
embark in any submersible vessel or semi-submersible vessel that is 
without nationality and that is navigating or has navigated into, 
through, or from waters beyond the outer limit of the territorial sea 
of a single country or a lateral limit of that country's territorial 
sea with an adjacent country, with the intent to evade detection
    ``(b) Evidence of Intent To Evade Detection.--In any civil 
enforcement proceeding for a violation of subsection (a), the presence 
of any of the indicia described in paragraph (1)(A), (E), (F), or (G), 
or in paragraph (4), (5), or (6), of section 70507(b) may be 
considered, in the totality of the circumstances, to be prima facie 
evidence of intent to evade detection.
    ``(c) Defenses.--
            ``(1) In general.--It is a defense in any civil enforcement 
        proceeding for a violation of subsection (a) that the 
        submersible vessel or semi-submersible vessel involved was, at 
        the time of the violation--
                    ``(A) a vessel of the United States or lawfully 
                registered in a foreign nation as claimed by the master 
                or individual in charge of the vessel when requested to 
                make a claim by an officer of the United States 
                authorized to enforce applicable provisions of United 
                States law;
                    ``(B) classed by and designed in accordance with 
                the rules of a classification society;
                    ``(C) lawfully operated in government-regulated or 
                licensed activity, including commerce, research, or 
                exploration; or
                    ``(D) equipped with and using an operable automatic 
                identification system, vessel monitoring system, or 
                long range identification and tracking system.
            ``(2) Production of documents.--The defenses provided by 
        this subsection are proved conclusively by the production of--
                    ``(A) government documents evidencing the vessel's 
                nationality at the time of the offense, as provided in 
                article 5 of the 1958 Convention on the High Seas;
                    ``(B) a certificate of classification issued by the 
                vessel's classification society upon completion of 
                relevant classification surveys and valid at the time 
                of the offense; or
                    ``(C) government documents evidencing licensure, 
                regulation, or registration for research or 
                exploration.
    ``(d) Civil Penalty.--A person violating this section shall be 
liable to the United States for a civil penalty of not more than 
$1,000,000.''
    (b) Conforming Amendments.--
            (1) The chapter analysis for chapter 705 of title 46, 
        United States Code, is amended by inserting after the item 
        relating to section 70507 the following:

``70508. Operation of submersible vessel or semi-submersible vessel 
                            without nationality.''.
            (2) Section 70504(b) of title 46, United States Code, is 
        amended by inserting ``or 70508'' after ``70503''.
            (3) Section 70505 of title 46, United States Code, is 
        amended by striking ``this title'' and inserting ``this title, 
        or against whom a civil enforcement proceeding is brought under 
        section 70508,''.

SEC. 203. SUBMERSIBLE VESSEL AND SEMI-SUBMERSIBLE VESSEL DEFINED.

    Section 70502 of title 46, United States Code, is amended by adding 
at the end thereof the following:
    ``(f) Semi-Submersible Vessel; Submersible Vessel.--In this 
chapter:
            ``(1) Semi-submersible vessel.--The term `semi-submersible 
        vessel' means any watercraft constructed or adapted to be 
        capable of operating with most of its hull and bulk under the 
        surface of the water, including both manned and unmanned 
        watercraft.
            ``(2) Submersible vessel.--The term `submersible vessel' 
        means a vessel that is capable of operating completely below 
        the surface of the water, including both manned and unmanned 
        watercraft.''.
answer:
Drug Trafficking Vessel Interdiction Act of 2008 - Amends the federal criminal code to impose a fine and/or prison term of up to 15 years for knowingly operating or attempting or conspiring to operate by any means, or for embarking in, any submersible or semi-submersible vessel that is without nationality and that is navigating or has navigated into, through, or from waters beyond the outer limit of the territorial sea of a single country or a lateral limit of that country's territorial sea with an adjacent country, with the intent to avoid detection. Imposes an additional civil fine of up to $1 million for violations.


question:
SECTION 1. PURPOSES.

    The purposes of this Act are--
            (1) to enhance the appeal of service in the law enforcement 
        agencies of the United States Department of Justice;
            (2) to extend benefits of a higher education to qualified 
        and deserving young persons who by virtue of the death of or 
        total disability of an eligible officer are not otherwise able 
        to afford the same; and
            (3) to allow such family members to attain the vocational 
        and educational status which such individual might normally 
        have aspired to and obtained had a parent not been killed or 
        disabled in the service of the country.

SEC. 2. BASIC ENTITLEMENT.

    (a) Benefits.--(1) Except as provided in subsection (b), an 
eligible dependent shall be entitled to educational assistance under 
this subpart for a period of one month for each month or fraction 
thereof of the eligible officer's service in a Federal law enforcement 
agency.
    (2) Such educational assistance shall consist of direct payments 
to--
            (A) an educational institution or institution of higher 
        learning for an eligible dependent's tuition, room, board, and 
        other charges imposed by such institution; and
            (B) the eligible dependent for an educational assistance 
        allowances to meet, in part, the cost of fees, supplies, books, 
        equipment and other educational costs, which allowances shall 
        be computed on the same basis set forth in title 38, subchapter 
        IV of the United States Code.
    (b) Benefits for Dependents of Officers Killed.--For each eligible 
dependent of an eligible officer who is killed in the line of duty, 
criteria established in subsection (a) shall not apply. Such eligible 
dependents shall be eligible to receive the benefits provided by this 
subpart for the maximum period of eligibility set forth in subsection 
(e).
    (c) Maximum Benefits.--No eligible dependent shall receive 
educational assistance under this subpart for a period in excess of 
forty-five months.

SEC. 3. TIME LIMITATIONS FOR COMPLETING A PROGRAM OF EDUCATION.

    No educational assistance shall be paid to or for an eligible 
dependent after--
            (1) ten years after the date on which the eligible officer 
        was killed or permanently and totally disabled; or
            (2) the eligible dependent's twenty-seventh birthday, 
        whichever occurs later.
SEC. 4. EDUCATIONAL AND VOCATIONAL COUNSELING.

    (a) Counseling Services.--The Attorney General shall make available 
to an eligible dependent upon such person's request, counseling 
services, including such educational and vocational counseling and 
guidance, testing, and other assistance as the Attorney General deems 
necessary to aid such person in selecting--
            (1) an educational or training objective and an educational 
        institution or training establishment appropriate for the 
        attainment of such objective; or
            (2) an employment objective that would be likely to provide 
        such eligible dependent with satisfactory employment 
        opportunities in light of such person's personal circumstances.
    (b) Notification.--The Attorney General shall take appropriate 
steps (including individual notification where feasible) to acquaint 
all eligible persons with the availability and advantages of such 
counseling services.
    (c) Service Providers.--For purposes of this subpart, the Attorney 
General may provide by interagency agreement with Federal, or State 
agency to provide the services specified.

SEC. 5. APPLICATIONS; APPROVAL.

    (a) Application.--Any eligible dependent who desires to initiate a 
program of education under this subpart shall submit an application to 
the Attorney General in such form and containing such information as 
the Attorney General may reasonably require.
    (b) Approval.--The Attorney General shall approve such application 
unless the Attorney General finds that--
            (1) such dependent is not eligible or is not longer 
        eligible for or entitled to the educational assistance for 
        which application is made;
            (2) the eligible dependent selected educational institution 
        or training establishment fails to meet any requirement of this 
        subpart;
            (3) the eligible dependent's enrollment in, or pursuit of, 
        the program of education selected would violate a provision of 
        this subpart; or
            (4) the eligible dependent is already qualified by reason 
        of previous education or training, for the educational, 
        professional, or vocational objective for which the program of 
        education is offered.
    (c) Acceptance.--The Attorney General shall notify an eligible 
dependent of approval or disapproval of such dependent's application.

SEC. 6. STANDARDS.

    The Attorney General shall promulgate rules and regulations 
regarding unacceptable courses or programs of study for which funding 
will not be provided under this subpart.

SEC. 7. DISCONTINUANCE FOR UNSATISFACTORY CONDUCT OR PROGRESS.

    (a) Discontinuation.--The Attorney General shall discontinue the 
direct payment to an educational institution or institution of higher 
education and educational assistance allowance of an eligible dependent 
if, at any time, the Attorney General finds that according to the 
regularly prescribed standards and practices of the educational 
institution, the dependent's conduct or progress is unsatisfactory.
    (b) Renewal.--The Attorney General may review the payment of the 
educational assistance allowance if the Attorney General finds that--
            (1) the cause of the unsatisfactory conduct or progress of 
        the eligible dependent has been removed; and
            (2) the program which the eligible dependent now proposes 
        to pursue (whether the same or revised) is suitable to the 
        eligible dependent's interests, and abilities.

SEC. 8. SPECIAL RULE.

    Notwithstanding any other provisions of law and any other general 
or special law to the contrary, the Attorney General is authorized and 
directed to reimburse or pay each eligible dependent of an eligible 
officer who was killed in the performance of duties on or after July 1, 
1992, but before the effective date of this statute, an amount 
equivalent to--
            (1) the full cost of tuition, room and board, and other 
        charges paid or for the eligible dependent to, and imposed on, 
        an eligible dependent by an educational institution or 
        institution of higher education; and
            (2) a retroactive educational assistance allowance for each 
        month in which the eligible dependent attended an educational 
        institution or institution of higher education, up to the date 
        of the payment. Following this initial payment, further 
        benefits will be paid to or for the benefit of such eligible 
        dependents in accordance with this chapter.
SEC. 9. DEFINITIONS.

    For purposes of this Act:
            (1) The term ``Federal law enforcement agency'' means the 
        Federal Bureau of Investigation, the Bureau of Alcohol, Tobacco 
        and Firearms, the Drug Enforcement Administration, the United 
        States Marshals Service, and any other federal agency directly 
        engaged in the enforcement of the criminal laws of the United 
        States, or the apprehension of individuals subject to criminal 
        prosecution by the United States.
            (2) The term ``eligible officer'' means any agent, special 
        agent, marshal, deputy, or assistant marshal or other similar 
        field officer by whatever name or title such officer is known 
        in a Federal law enforcement agency who has served at least one 
        hundred and eighty days and who is either killed in the 
        performance of duties or suffers injuries that are totally and 
        permanently disabling while performing such duties.
            (3) The term ``eligible dependent'' means the child of any 
        eligible officer who is a ``dependent'' (as defined in section 
        152 of the Internal Revenue Code) or spouse of an eligible 
        officer at the time of such officer's death or on the date of 
        total and disabling injury.
            (4) The term ``program of education'' shall mean any 
        curriculum or any combination of unit courses or subjects 
        pursued at an educational institution which is generally 
        accepted as necessary to fulfill requirements for the 
        attainment of a pre- determined and identified educational, 
        professional, or vocational objective. Such term also means any 
        curriculum of unit course or subjects pursued at an educational 
        institution which fulfill requirements for the attainment of 
        more than one predetermined and identified educational, 
        professional, or vocational objective if all the objectives 
        pursued as generally recognized as being reasonably related to 
        a single career field. To pursue any other course of study, an 
        eligible dependent shall apply to the AG for approval.
            (5) The term ``educational institution'' means any public 
        or private elementary school, secondary school, vocational 
        school, correspondence school, business school, junior college, 
        teachers' college, college, normal school, professional school, 
        university, or scientific or technical institutions, or other 
        accredited institutions furnishing education for adults.
            (6) The term ``institution of higher learning'' means a 
        college, university, or similar institution, including a 
        technical or business school, offering postsecondary level 
        academic instruction that leads to an associate or higher 
        degree if the school is empowered by the appropriate State 
        educational authority under State law to grant an associate or 
        higher degree. When there is no State law to authorize the 
        granting of a degree, the school may be recognized as an 
        institution of higher learning if it is accredited for degree 
        programs by a recognized accrediting agency. Such term shall 
        also include a hospital offering educational programs at the 
        post-secondary level without regard to whether the hospital 
        grants a postsecondary degree. Such term shall also include an 
        educational institution which is not located in a State, which 
        offers a course leading to a standard college degree, or the 
        equivalent, and which is recognized as such by the Secretary of 
        Education (or comparable official) of the country or other 
        jurisdiction in which the institution is located.
            (7) The term ``standard college degree'' means an associate 
        or higher degree awarded by--
                    (A) an institution of higher learning that is 
                accredited as a collegiate institution by a recognized 
                regional or national accrediting agency;
                    (B) an institution of higher learning that is a 
                ``candidate'' for accreditation as that term is used by 
                the regional or national accrediting agencies; or
                    (C) an institution of higher learning upon 
                completion of a course which is accredited by an agency 
                recognized to accredit specialized degree-level 
                programs. For the purpose of this section, the 
                accrediting agency must be one recognized by the 
                Secretary of Education under the provisions of section 
                1775 of this title 38.
answer:
Provides for educational assistance for eligible dependents of Federal law enforcement officers who are killed or disabled in the performance of their duties. 
Entitles such dependents to such assistance for:  (1) one month for each month (or fraction) of the disabled officer's service, up to a maximum of 45 months; and (2) the maximum 45 months, if the officer has been killed. 
Limits the period for using such assistance to before the later of: (1) ten years after the officer was killed or permanently and totally disabled; or (2) the dependent's 27th birthday. 
Directs the Attorney General to make certain counseling services available, upon the dependent's request, and to publicize the availability of such services. 
Provides for such assistance program applications and their approval, standards, discontinuance for unsatisfactory progress or conduct, and a special rule for retroactive assistance.


question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Fuels Tax Suspension Act of 
2000''.

SEC. 2. TEMPORARY REDUCTION IN FUEL TAXES ON GASOLINE, DIESEL FUEL, 
              KEROSENE, AND SPECIAL FUELS TO ZERO.

    (a) In General.--Section 4081 of the Internal Revenue Code of 1986 
(relating to imposition of tax on gasoline, diesel fuel, and kerosene) 
is amended by adding at the end the following new subsection:
    ``(f) Temporary Reduction in Taxes on Gasoline, Diesel Fuel, 
Kerosene, and Special Fuels.--
            ``(1) In general.--During the applicable period, each rate 
        of tax referred to in paragraph (2) shall be reduced to zero.
            ``(2) Rates of tax.--The rates of tax referred to in this 
        paragraph are the rates of tax otherwise applicable under--
                    ``(A) clauses (i) and (iii) of subsection (a)(2)(A) 
                (relating to gasoline, diesel fuel, and kerosene), and
                    ``(B) paragraphs (1), (2), and (3) of section 
                4041(a) (relating to diesel fuel and special fuels) and 
                section 4041(m) (relating to certain alcohol fuels) 
                with respect to fuel sold for use or used in a highway 
                vehicle.
            ``(3) Special reduction rules.--In the case of a reduction 
        under paragraph (1)--
                    ``(A) subsection (c) shall be applied without 
                regard to paragraph (6) thereof,
                    ``(B) section 40(e)(1) shall be applied without 
                regard to subparagraph (B) thereof,
                    ``(C) section 4041(d)(1) shall be applied by 
                disregarding `if tax is imposed by subsection (a)(1) or 
                (2) on such sale or use', and
                    ``(D) section 6427(b) shall be applied without 
                regard to paragraph (2) thereof.
            ``(4) Protecting social security trust fund.--If the 
        Secretary, after consultation with the Director of the Office 
        of Management and Budget, determines that such reduction would 
        result in an aggregate reduction in revenues to the Treasury 
        exceeding the Federal on-budget surplus during the remainder of 
        the applicable period, the Secretary shall modify such 
        reduction such that each rate of tax referred to in paragraph 
        (2) is reduced in a pro rata manner and such aggregate 
        reduction does not exceed such surplus.
            ``(5) Maintenance of trust fund deposits.--In determining 
        the amounts to be appropriated to the Highway Trust Fund under 
        section 9503 an amount equal to the reduction in revenues to 
        the Treasury by reason of this subsection shall be treated as 
        taxes received in the Treasury under this section.
            ``(6) Applicable period.--For purposes of this subsection, 
        the term `applicable period' means the period beginning after 
        June 25, 2000, and ending before September 5, 2000.''
    (b) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. FLOOR STOCK REFUNDS.

    (a) In General.--If--
            (1) before the tax reduction date, tax has been imposed 
        under section 4081 of the Internal Revenue Code of 1986 on any 
        liquid, and
            (2) on such date such liquid is held by a dealer and has 
        not been used and is intended for sale,
there shall be credited or refunded (without interest) to the person 
who paid such tax (hereafter in this section referred to as the 
``taxpayer'') an amount equal to the excess of the tax paid by the 
taxpayer over the amount of such tax which would be imposed on such 
liquid had the taxable event occurred on the tax reduction date.
    (b) Time for Filing Claims.--No credit or refund shall be allowed 
or made under this section unless--
            (1) claim therefor is filed with the Secretary of the 
        Treasury before the date which is 6 months after the tax 
        reduction date, and
            (2) in any case where liquid is held by a dealer (other 
        than the taxpayer) on the tax reduction date--
                    (A) the dealer submits a request for refund or 
                credit to the taxpayer before the date which is 3 
                months after the tax reduction date, and
                    (B) the taxpayer has repaid or agreed to repay the 
                amount so claimed to such dealer or has obtained the 
                written consent of such dealer to the allowance of the 
                credit or the making of the refund.
    (c) Exception for Fuel Held in Retail Stocks.--No credit or refund 
shall be allowed under this section with respect to any liquid in 
retail stocks held at the place where intended to be sold at retail.
    (d) Definitions.--For purposes of this section--
            (1) the terms ``dealer'' and ``held by a dealer'' have the 
        respective meanings given to such terms by section 6412 of such 
        Code; except that the term ``dealer'' includes a producer, and
            (2) the term ``tax reduction date'' means June 26, 2000.
    (e) Certain Rules To Apply.--Rules similar to the rules of 
subsections (b) and (c) of section 6412 of such Code shall apply for 
purposes of this section.

SEC. 4. FLOOR STOCKS TAX.

    (a) Imposition of Tax.--In the case of any liquid on which tax 
would have been imposed under section 4081 of the Internal Revenue Code 
of 1986 during the applicable period but for the amendments made by 
this Act, and which is held on the floor stocks tax date by any person, 
there is hereby imposed a floor stocks tax in an amount equal to the 
tax which would be imposed on such liquid had the taxable event 
occurred on the floor stocks tax date.
    (b) Liability for Tax and Method of Payment.--
            (1) Liability for tax.--A person holding a liquid on the 
        floor stocks tax date to which the tax imposed by subsection 
        (a) applies shall be liable for such tax.
            (2) Method of payment.--The tax imposed by subsection (a) 
        shall be paid in such manner as the Secretary of the Treasury 
        shall prescribe.
            (3) Time for payment.--The tax imposed by subsection (a) 
        shall be paid on or before the date which is 6 months after the 
        floor stocks tax date.
    (c) Definitions.--For purposes of this section--
            (1) Held by a person.--A liquid shall be considered as 
        ``held by a person'' if title thereto has passed to such person 
        (whether or not delivery to the person has been made).
            (2) Floor stocks tax date.--The term ``floor stocks tax 
        date'' means September 5, 2000.
            (3) Applicable period.--The term ``applicable period'' 
        means the period beginning after June 25, 2000, and ending 
        before September 5, 2000.
    (d) Exception for Exempt Uses.--The tax imposed by subsection (a) 
shall not apply to any liquid held by any person exclusively for any 
use to the extent a credit or refund of the tax imposed by section 4081 
of such Code is allowable for such use.
    (e) Exception for Fuel Held in Vehicle Tank.--No tax shall be 
imposed by subsection (a) on any liquid held in the tank of a motor 
vehicle.
    (f) Exception for Certain Amounts of Fuel.--
            (1) In general.--No tax shall be imposed by subsection 
        (a)--
                    (A) on gasoline (as defined in section 4083 of such 
                Code) held on the floor stocks tax date by any person 
                if the aggregate amount of gasoline held by such person 
                on such date does not exceed 4,000 gallons, and
                    (B) on diesel fuel or kerosene (as so defined) held 
                on such date by any person if the aggregate amount of 
                diesel fuel or kerosene held by such person on such 
                date does not exceed 2,000 gallons.
        The preceding sentence shall apply only if such person submits 
        to the Secretary (at the time and in the manner required by the 
        Secretary) such information as the Secretary shall require for 
        purposes of this paragraph.
            (2) Exempt fuel.--For purposes of paragraph (1), there 
        shall not be taken into account fuel held by any person which 
        is exempt from the tax imposed by subsection (a) by reason of 
        subsection (d) or (e).
            (3) Controlled groups.--For purposes of this subsection--
                    (A) Corporations.--
                            (i) In general.--All persons treated as a 
                        controlled group shall be treated as 1 person.
                            (ii) Controlled group.--The term 
                        ``controlled group'' has the meaning given to 
                        such term by subsection (a) of section 1563 of 
                        such Code; except that for such purposes the 
                        phrase ``more than 50 percent'' shall be 
                        substituted for the phrase ``at least 80 
                        percent'' each place it appears in such 
                        subsection.
                    (B) Nonincorporated persons under common control.--
                Under regulations prescribed by the Secretary, 
                principles similar to the principles of subparagraph 
                (A) shall apply to a group of persons under common 
                control where 1 or more of such persons is not a 
                corporation.
    (g) Other Law Applicable.--All provisions of law, including 
penalties, applicable with respect to the taxes imposed by section 4081 
of such Code shall, insofar as applicable and not inconsistent with the 
provisions of this subsection, apply with respect to the floor stock 
taxes imposed by subsection (a) to the same extent as if such taxes 
were imposed by such section 4081.

SEC. 5. BENEFITS OF TAX REDUCTION SHOULD BE PASSED ON TO CONSUMERS.

    (a) Passthrough to Consumers.--
            (1) Sense of congress.--It is the sense of Congress that--
                    (A) consumers immediately receive the benefit of 
                the reduction in taxes under this Act, and
                    (B) transportation motor fuels producers and other 
                dealers take such actions as necessary to reduce 
                transportation motor fuels prices to reflect such 
                reduction, including immediate credits to customer 
                accounts representing tax refunds allowed as credits 
                against excise tax deposit payments under the floor 
                stocks refund provisions of this Act.
            (2) Study.--
                    (A) In general.--The Comptroller General of the 
                United States shall conduct a study of the reduction of 
                taxes under this Act to determine whether there has 
                been a passthrough of such reduction.
                    (B) Report.--Not later than September 30, 2000, the 
                Comptroller General of the United States shall report 
                to the Committee on Finance of the Senate and the 
                Committee on Ways and Means of the House of 
                Representatives the results of the study conducted 
                under subparagraph (A).
answer:

Expresses the sense of the Congress that the benefits of the tax reduction should be passed on to consumers. Requires a study and report.