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

Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Disability Equity Act''.

SEC. 2. ELIMINATION OF 5-MONTH WAITING PERIOD FOR BENEFITS BASED ON 
              DISABILITY.

    (a) Disability Insurance Benefits.--
            (1) In general.--The first sentence of section 223(a)(1) of 
        the Social Security Act (42 U.S.C. 423(a)(1)) is amended by 
        striking ``(i) for each month'' and all that follows through 
        ``the first month in which he is under such disability'' and 
        inserting the following: ``for each month beginning with the 
        first month during all of which such individual is under a 
        disability and in which such individual becomes so entitled to 
        such insurance benefits''.
            (2) Waiting period eliminated from determination of benefit 
        amount.--
                    (A) In general.--The first sentence of section 
                223(a)(2) of such Act (42 U.S.C. 423(a)(2)) is amended 
                by striking ``in--'' and all that follows through ``and 
                as though'' and inserting the following: ``in the first 
                month for which such individual becomes entitled to 
                such disability insurance benefits, and as though''.
                    (B) Conforming amendment.--The second sentence of 
                section 223(a)(2) of such Act (42 U.S.C. 423(a)(2)) is 
                amended by striking ``subparagraph (A) or (B) of such 
                sentence, as the case may be'' and inserting ``such 
                sentence''.
            (3) Elimination of defined term.--
                    (A) In general.--Section 223(c)(2) of such Act is 
                repealed.
                    (B) Conforming amendments.--
                            (i) The heading of section 223(c) of such 
                        Act (42 U.S.C. 423(c)) is amended to read as 
                        follows: ``Definition of Insured Status''.
                            (ii) Section 223(c)(1) of such Act (42 
                        U.S.C. 423(c)(1)) is amended by striking ``For 
                        purposes of subparagraph (B) of this paragraph, 
                        when the number of quarters'' in the last 
                        sentence and inserting the following:
            ``(2) In applying paragraph (1)(B), when the number of 
        quarters''.
    (b) Widow's Insurance Benefits Based on Disability.--
            (1) In general.--Section 202(e)(1)(F) of such Act (42 
        U.S.C. 402(e)(1)(F)) is amended to read as follows:
            ``(F) if she satisfies subparagraph (B) by reason of clause 
        (ii) thereof, the first month during all of which she is under 
        a disability and in which she becomes so entitled to such 
        insurance benefits,''.
            (2) Elimination of defined term.--Section 202(e) of such 
        Act (42 U.S.C. 402(e)) is amended--
                    (A) by striking paragraph (5); and
                    (B) by redesignating paragraphs (6), (7), and (8) 
                as paragraphs (5), (6), and (7), respectively.
    (c) Widower's Insurance Benefits Based on Disability.--
            (1) In general.--Section 202(f)(1)(F) of such Act (42 
        U.S.C. 402(f)(1)(F)) is amended to read as follows:
            ``(F) if he satisfies subparagraph (B) by reason of clause 
        (ii) thereof, the first month during all of which he is under a 
        disability and in which he becomes so entitled to such 
        insurance benefits,''.
            (2) Elimination of defined term.--Section 202(f) of such 
        Act (42 U.S.C. 402(f)) is amended--
                    (A) by striking paragraph (5); and
                    (B) by redesignating paragraphs (6), (7), and (8) 
                as paragraphs (5), (6), and (7), respectively.
    (d) Elimination of Waiting Period for Commencement of Periods of 
Disability.--Section 216(i)(2)(A) of such Act (42 U.S.C. 416(i)(2)(A)) 
is amended by striking ``, but only'' and all that follows and 
inserting a period.
    (e) Effective Dates.--The amendments made by subsection (a) shall 
apply with respect to benefits under section 223 of the Social Security 
Act, or under section 202 of such Act on the basis of the wages and 
self-employment income of an individual entitled to benefits under such 
section 223, for months following the month in which this Act is 
enacted. The amendments made by subsections (b) and (c) shall apply 
with respect to benefits based on disability under subsection (e) or 
(f) of section 202 of the Social Security Act (42 U.S.C. 402) for 
months following the month in which this Act is enacted. The amendment 
made by subsection (d) shall apply only with respect to applications 
for disability determinations filed under title II of the Social 
Security Act on or after the date of the enactment of this Act.

SEC. 3. ELIMINATION OF WAITING PERIOD FOR MEDICARE DISABILITY BENEFITS.

    (a) In General.--Section 226(b) of the Social Security Act (42 
U.S.C. 426(b)) is amended--
            (1) in paragraph (2)(A), by striking ``, and has for 24 
        calendar months been entitled to,'';
            (2) in paragraph (2)(B), by striking ``, and has been for 
        not less than 24 months,'';
            (3) in paragraph (2)(C)(ii), by striking ``, including the 
        requirement that he has been entitled to the specified benefits 
        for 24 months,''; and
            (4) in the flush matter following paragraph 
        (2)(C)(ii)(II)--
                    (A) in the matter before the first complete 
                sentence, by striking ``for each month beginning with 
                the later of (I) July 1973 or (II) the twenty-fifth 
                month of his'' and inserting ``for each month beginning 
                with the first month of the individual's'';
                    (B) in the first complete sentence, by striking 
                ``the `twenty-fifth month of his entitlement' refers to 
                the first month after the twenty-fourth month of 
                entitlement to specified benefits referred to in 
                paragraph (2)(C) and'' and inserting ``the `first month 
                of the individual's entitlement' refers to the first 
                month of entitlement to specified benefits referred to 
                in paragraph (2)(C) and''; and
                    (C) in the second complete sentence, by striking 
                ``, but not in excess of 78 such months''.
    (b) Conforming Amendments.--
            (1) Subsections (f) and (h) of section 226 of the Social 
        Security Act (42 U.S.C. 426) are repealed.
            (2) Section 1811(2) of such Act (42 U.S.C. 1395c(2)) is 
        amended by striking ``who have been entitled for not less than 
        24 months'' and inserting ``who are entitled''.
            (3) Section 1837(g)(1) of such Act (42 U.S.C. 1395p(g)(1)) 
        is amended by striking ``of the later of (A) April 1973 or (B) 
        the third month before the 25th month of such entitlement'' and 
        inserting ``of the first month of such entitlement''.
            (4) Section 7(d)(2)(ii) of the Railroad Retirement Act of 
        1974 (45 U.S.C. 231f(d)(2)(ii)) is amended--
                    (A) by striking ``, for not less than 24 months''; 
                and
                    (B) by striking ``could have been entitled for 24 
                calendar months, and could currently be entitled,'' and 
                inserting ``could currently be entitled''.
    (c) Effective Date.--The amendments made by this section shall 
apply to insurance benefits under title XVIII of the Social Security 
Act with respect to items and services furnished in months beginning 
after the date of the enactment of this Act.

Ex Output:
Disability Equity Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to eliminate: (1) the five-month waiting period for an individual (including a disabled widow or widower) to be eligible for benefits based on disability; and (2) the waiting period for benefits under SSA title XVIII (Medicare).


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Commercial Mortgage Capital 
Availability Act of 1993''.

SEC. 2. INSURED DEPOSITORY INSTITUTION CAPITAL REQUIREMENTS FOR 
              TRANSFERS OF MORTGAGE LOANS.

    (a) Accounting Principles.--The accounting principles applicable to 
the transfer of a mortgage loan with recourse contained in reports or 
statements required to be filed with Federal banking agencies by a 
qualified insured depository institution shall be consistent with 
generally accepted accounting principles.
    (b) Capital and Reserve Requirements.--With respect to the transfer 
of a mortgage loan with recourse that is a sale under generally 
accepted accounting principles, each qualified insured depository 
institution shall--
            (1) establish and maintain a reserve equal to an amount 
        sufficient to meet the reasonable estimated liability of the 
        institution under the recourse arrangement; and
            (2) treat as an asset (for purposes of applicable capital 
        standards and other capital measures, including risk-based 
        capital requirements) only the maximum amount at risk under the 
        recourse arrangement.
    (c) Qualified Institutions Defined.--An insured depository 
institution is a qualified insured depository institution for purposes 
of this section if, without regard to the accounting principles or 
capital requirements referred to in subsections (a) and (b), the 
institution is--
            (1) well capitalized; or
            (2) with the approval, by regulation or order, of the 
        appropriate Federal banking agency, adequately capitalized.
    (d) Aggregate Amount of Recourse.--The total outstanding amount at 
risk with respect to transfers of mortgage loans under subsections (a) 
and (b) (together with the amount at risk under any provisions of law 
substantially similar to subsections (a) and (b)) shall not exceed--
            (1) the amount which is equal to 15 percent of the risk-
        based capital of the institution; or
            (2) such greater amount, as established by the appropriate 
        Federal banking agency by regulation or order.
    (e) Institutions That Cease To Be Qualified or Exceed Aggregate 
Limits.--If an insured depository institution ceases to be a qualified 
insured depository institution or exceeds the limits under subsection 
(d), this section shall remain applicable to any transfer of mortgage 
loans that occurred at a time when the institution was qualified and 
had not exceeded such limit.
    (f) Prompt Corrective Action not Affected.--The capital of an 
insured depository institution shall be computed without regard to this 
section in determining whether the institution is less than well 
capitalized.
    (g) Regulations Required.--Before the end of the 180-day period 
beginning on the date of the enactment of this Act, each appropriate 
Federal banking agency shall prescribe final regulations implementing 
this section.
    (h) Alternative System Permitted.--
            (1) In general.--At the discretion of the appropriate 
        Federal banking agency, this section shall not apply if the 
        regulations of the agency provide that the aggregate amount of 
        capital and reserves required with respect to the transfer of 
        mortgage loans with recourse does not exceed the aggregate 
        amount of capital and reserves that would be required under 
        subsection (b).
            (2) Existing transactions not affected.--Notwithstanding 
        paragraph (1), this section shall remain in effect with respect 
        to transfers of mortgage loans with recourse by qualified 
        insured depository institutions occurring before the effective 
        date of regulations referred to in paragraph (1).
    (i) Definitions.--The following definitions apply for purposes of 
this section:
            (1) Adequately capitalized.--The term ``adequately 
        capitalized'' has the same meaning as in section 38(b) of the 
        Federal Deposit Insurance Act.
            (2) Appropriate federal banking agency.--The term 
        ``appropriate Federal banking agency'' has the same meaning as 
        in section 3 of the Federal Deposit Insurance Act.
            (3) Capital standards.--The term ``capital standards'' has 
        the same meaning as in section 38(c) of the Federal Deposit 
        Insurance Act.
            (4) Federal banking agencies.--The term ``Federal banking 
        agencies'' has the same meaning as in section 3 of the Federal 
        Deposit Insurance Act.
            (5) Insured depository institution.--The term ``insured 
        depository institution'' has the same meaning as in section 3 
        of the Federal Deposit Insurance Act.
            (6) Other capital measures.--The term ``other capital 
        measures'' has the same meaning as in section 38(c) of the 
        Federal Deposit Insurance Act.
            (7) Recourse.--The term ``recourse'' has the meaning given 
        to such term under generally accepted accounting principles.
            (8) Mortgage loan.--The term ``mortgage loan'' means any--
                    (A) note or certificate of interest or 
                participation in a note (including any rights designed 
                to assure servicing of, or the timeliness of receipt by 
                the holders of such notes, certificates, or 
                participation of amounts payable under such notes, 
                certificates or participation) that is principally 
                secured by an interest in real property; or
                    (B) any security (within the meaning of section 8 
                of the Securities Exchange Act of 1934) that is secured 
                by one or more notes described in subparagraph (A) or 
                certificates of interest or participation in such notes 
                (with or without recourse to issuers thereof) and that, 
                by its terms, provides for payments of principal in 
                relation to payments, or reasonable projections of 
                payments, on notes described in subparagraph (A) or 
                certificates of interest or participation in such 
                notes.
            (9) Well capitalized.--The term ``well capitalized'' has 
        the same meaning as in section 38(b) of the Federal Deposit 
        Insurance Act.

SEC. 3. AMENDMENT TO DEFINITION OF MORTGAGE RELATED SECURITY.

    Section 3(a)(41)(A)(i) of the Securities Exchange Act of 1934 (15 
U.S.C. 78c(a)(41)(A)(i)) is amended by inserting before the semicolon 
``, or on 1 or more parcels of real estate upon which is located one or 
more commercial structures''.

SEC. 4. AUTHORITY TO EXEMPT COMMERCIAL MORTGAGE RELATED SECURITIES 
              TRANSACTIONS FROM PROHIBITED TRANSACTION RULES.

    The Secretary of Labor, in consultation with the Secretary of the 
Treasury, shall exempt, either unconditionally or on stated terms and 
conditions, transactions involving commercial mortgage related 
securities (as such term is defined in section 3(a)(41) of the 
Securities Exchange Act of 1934, as amended by section 3 of this Act) 
from--
            (1) the restrictions of sections 406(a) and 407(a) of the 
        Employee Retirement Income Security Act of 1974; and
            (2) the taxes imposed under section 4975 of the Internal 
        Revenue Code of 1986.

SEC. 5. PROVISIONS TO SAFEGUARD THE INTEGRITY OF THE SECURITIZATION 
              PROCESS, AND THE SAFETY AND SOUNDNESS OF FEDERALLY 
              INSURED INSTITUTIONS.

    (a) Compliance With Securities Regulations.--Any security relying 
on the provisions of this Act shall comply with all rules and 
regulations of Federal securities laws applicable thereto, as 
determined taking into account the provisions of this Act, including 
all provisions relating to required disclosure to investors, 
registrations, reporting and compliance, and all anti-fraud provisions.
    (b) Treatment of Bank Issued or Purchased Mortgage Backed 
Securities for Purposes of Minimum Capital Requirements.--
            (1) Mortgages held by bank to back securities.--If an issue 
        of securities backed by mortgage loans represents a liability 
        on the balance sheet of an insured depository institution and 
        the assets backing such obligation represent assets on the 
        balance sheet of such institution, the institution shall 
        maintain minimum adequate capital with regard to such assets as 
        prescribed by all applicable rules and regulations of the 
        banking agencies with supervisory and examination authority 
        over such institution, as determined taking into account the 
        provisions of this Act.
            (2) Securities held by bank.--If an insured depository 
        institution purchases a mortgage-related security to which the 
        provisions of this Act apply, the institution shall maintain 
        minimum adequate capital with respect to such security and all 
        other assets as prescribed by all applicable rules and 
        regulations of the banking agencies with supervisory and 
        examination authority over such institution, as determined 
        taking into account the provisions of this Act.

Ex Output:
Commercial Mortgage Capital Availability Act of 1993 - Sets forth a regulatory scheme under which qualified insured depository institutions meeting prescribed reserve and capital requirements may execute mortgage loan transfers with a recourse arrangement. 
Amends the Securities Exchange Act of 1934 to modify the definition of "mortgage related security" to include notes directly secured by a first lien on real estate with commercial structures located upon it (thus bringing such securities within the purview of the Act). 
Directs the Secretary of Labor to exempt commercial mortgage related securities transactions from:  (1) certain restrictions of the Employee Retirement Income Security Act of 1974; and (2) certain taxes imposed under the Internal Revenue Code. 
Mandates that securities relying on the provisions of this Act comply with all Federal securities laws relating to disclosure to investors, registrations, reporting and anti-fraud provisions. 
Requires insured depository institutions to maintain the minimum adequate capital prescribed by regulatory banking agencies when executing mortgage backed securities transactions.


Ex Input:
SECTION 1. TAX CREDIT FOR HIRING LONG-TERM UNEMPLOYED DEFENSE AND 
              SHIPBUILDING INDUSTRY WORKERS.

    (a) Allowance of Credit.--Paragraph (1) of section 51(d) of the 
Internal Revenue Code of 1986 (defining members of targeted groups) is 
amended by striking ``or'' at the end of subparagraph (I), by striking 
the period at the end of subparagraph (J) and inserting ``, or'', and 
by adding at the end the following new subparagraph:
            ``(K) a long-term unemployed defense or shipbuilding 
        industry worker.''
    (b) Long-Term Unemployed Defense or Shipbuilding Industry Worker.--
Section 51(d) of such Code is amended by adding at the end thereof the 
following new paragraph:
            ``(17) Long-term unemployed defense or shipbuilding 
        industry worker.--
                    ``(A) In general.--The term `long-term unemployed 
                defense or shipbuilding industry worker' means an 
                individual certified by the designated local agency as 
                having been employed in the defense or shipbuilding 
                industry and--
                            ``(i) who has been receiving unemployment 
                        compensation at all times during the 6-month 
                        period ending with the last day of the month 
                        preceding the hiring date, or
                            ``(ii) who--
                                    ``(I) was receiving unemployment 
                                compensation but exhausted all rights 
                                to such compensation, and
                                    ``(II) has remained unemployed 
                                during the period beginning on the date 
                                such rights were exhausted and ending 
                                on the day before the hiring date.
                    ``(B) Employment in defense or shipbuilding 
                industry.--For purposes of subparagraph (A), an 
                individual shall be treated as employed--
                            ``(i) in the defense industry if such 
                        individual's services were performed pursuant 
                        to any defense contract (as defined in section 
                        48(c)(4)), and
                            ``(ii) in the shipbuilding industry if such 
                        individual's services were performed pursuant 
                        to any contract for the construction or 
                        reconstruction of any ship or any subcontract 
                        in connection with such construction or 
                        reconstruction.
                    ``(C) Unemployment compensation.--For purposes of 
                this paragraph, the term `unemployment compensation' 
                has the meaning given such term by section 85(b).''
    (c) Certain Individuals Not Eligible.--Section 51(i) of such Code 
(relating to certain individuals ineligible) is amended by adding at 
the end the following new paragraph:
            ``(4) Special rules for long-term unemployed defense and 
        shipbuilding industry workers.--No wages shall be taken into 
        account under subsection (a) with respect to any long-term 
        unemployed defense or shipbuilding industry worker (as defined 
        in subsection (d)(17)) unless--
                    ``(A) notwithstanding paragraph (3), the individual 
                is employed by the employer at least 120 days, and
                    ``(B) the employer certifies on the return of tax 
                for the taxable year for which credit is claimed that--
                            ``(i) the individual was hired after the 
                        employer took reasonable actions to 
                        specifically recruit long-term unemployed 
                        defense or shipbuilding industry workers, and
                            ``(ii) the individual was not hired to 
                        replace an employee who was involuntarily 
                        separated from employment by the employer 
                        without cause.''
    (d) Credit for Hiring Long-Term Unemployed Defense or Shipbuilding 
Industry Workers Made Permanent.--Paragraph (4) of section 51(c) of 
such Code is amended by adding at the end thereof the following new 
sentence: ``The preceding sentence shall not apply to wages paid or 
incurred to any long-term unemployed defense or shipbuilding industry 
worker (as defined in subsection (d)(17)).''
    (e) Effective Date.--The amendments made by this section shall 
apply to individuals hired on and after the date of the enactment of 
this Act.

SEC. 2. TECHNOLOGY TRANSFER TAX CREDIT.

    (a) Allowance of Credit.--Section 46 of the Internal Revenue Code 
of 1986 (relating to amount of investment credit) is amended by 
striking ``and'' at the end of paragraph (2), by striking the period at 
the end of paragraph (3) and inserting ``, and'', and by adding at the 
end thereof the following new paragraph:
            ``(4) in the case of an eligible taxpayer (as defined in 
        section 48(c)), the nondefense production and manufacturing 
        equipment credit.''
    (b) Amount of Credit.--Section 48 of such Code is amended by adding 
at the end thereof the following new subsection:
    ``(c) Nondefense Production and Manufacturing Equipment Credit.--
            ``(1) In general.--For purposes of section 46, in the case 
        of an eligible taxpayer, the nondefense production and 
        manufacturing equipment credit for any taxable year is an 
        amount equal to 10 percent of the qualified investment for such 
        taxable year.
            ``(2) Qualified investment.--
                    ``(A) In general.--For purposes of paragraph (1), 
                the qualified investment for any taxable year is the 
                aggregate of--
                            ``(i) the applicable percentage of the 
                        basis of each new qualified nondefense 
                        production and manufacturing equipment property 
                        placed in service by the taxpayer during such 
                        taxable year, plus
                            ``(ii) the applicable percentage of the 
                        cost of each used qualified nondefense 
                        production and manufacturing equipment property 
                        placed in service by the taxpayer during such 
                        taxable year.
                    ``(B) Applicable percentage.--For purposes of 
                subparagraph (A), the applicable percentage for any 
                property shall be determined under paragraphs (2) and 
                (7) of section 46(c) (as in effect on the day before 
                the date of the enactment of the Revenue Reconciliation 
                Act of 1990).
                    ``(C) Certain rules made applicable.--The 
                provisions of subsections (b) and (c) of section 48 (as 
                in effect on the day before the date of the enactment 
                of the Revenue Reconciliation Act of 1990) shall apply 
                for purposes of this paragraph.
            ``(3) Qualified nondefense production and manufacturing 
        equipment property.--For purposes of this subsection, the term 
        `qualified nondefense production and manufacturing equipment 
        property' means any property--
                    ``(A) which is used as an integral part of the 
                manufacture or production of nondefense tangible 
                personal property,
                    ``(B) which is tangible property to which section 
                168 applies, and
                    ``(C) which is section 1245 property (as defined in 
                section 1245(a)(3)).
            ``(4) Eligible taxpayer.--
                    ``(A) In general.--A taxpayer is an eligible 
                taxpayer for purposes of this subsection if more than 
                50 percent of the gross revenues of such taxpayer for 
                the taxable year are attributable to defense contracts.
                    ``(B) Defense contract.--For purposes of this 
                paragraph, the term `defense contract' means any 
                contract or subcontract entered into between the 
                taxpayer and a defense agency to provide material or 
                defense related operations.
                    ``(C) Defense agency.--For purposes of this 
                paragraph, the term `defense agency' means the 
                Department of Defense, the nuclear weapons division of 
                the Department of Energy, the National Aeronautics and 
                Space Administration, the Coast Guard, and any other 
                agency of the Government to the extent such agency 
                conducts military or other defense related operations.
            ``(5) Coordination with other credits.--This subsection 
        shall not apply to any property to which the energy credit or 
        rehabilitation credit would apply unless the taxpayer elects to 
        waive the application of such credit to such property.
            ``(6) Certain progress expenditure rules made applicable.--
        Rules similar to rules of subsection (c)(4) and (d) of section 
        46 (as in effect on the day before the date of the enactment of 
        the Revenue Reconciliation Act of 1990) shall apply for 
        purposes of this subsection.''
    (c) Technical Amendments.--
            (1) Clause (ii) of section 49(a)(1)(C) of such Code is 
        amended by inserting ``or qualified nondefense production and 
        manufacturing equipment property'' after ``energy property''.
            (2) Subparagraph (E) of section 50(a)(2) of such Code is 
        amended by inserting ``or 48(c)(4)'' before the period at the 
        end thereof.
            (3) Paragraph (5) of section 50(a) of such Code is amended 
        by adding at the end thereof the following new subparagraph.
                    ``(D) Special rules for certain property.--In the 
                case of any qualified nondefense production and 
                manufacturing equipment property which is 3-year 
                property (within the meaning of section 168(e))--
                            ``(i) the percentage set forth in clause 
                        (ii) of the table contained in paragraph (1)(B) 
                        shall be 66 percent,
                            ``(ii) the percentage set forth in clause 
                        (iii) of such table shall be 33 percent, and
                            ``(iii) clauses (iv) and (v) of such table 
                        shall not apply.''
            (4)(A) The section heading for section 48 of such Code is 
        amended to read as follows:

``SEC. 48. OTHER CREDITS.''

            (B) The table of sections for subpart E of part IV of 
        subchapter A of chapter 1 is amended by striking the item 
        relating to section 48 and inserting the following:

                              ``Sec. 48. Other credits.''
    (d) Effective Date.--The amendments made by this section shall 
apply to periods after December 31, 1992, under rules similar to the 
rules of section 48(m) of the Internal Revenue Code of 1986 (as in 
effect on the day before the date of the enactment of the Revenue 
Reconciliation Act of 1990).

Ex Output:

Allows the use of the targeted jobs credit for hiring a long-term unemployed defense or shipbuilding industry worker.  Describes such worker as an individual certified by the designated local agency as having been unemployed in such industry who:  (1) has been receiving unemployment compensation at all times during the six-month period prior to the hiring date; or (2) has been receiving unemployment compensation but has exhausted all rights to such compensation and has remained unemployed beginning on the date such rights were exhausted and ending on the date before the hiring date. 
Requires the individual to be employed by the employer for at least 120 days and the employer to certify that:  (1) the individual was hired after the employer took reasonable actions to specifically recruit such workers; and (2) the individual was not hired to replace an employee who was involuntarily separated from employment by the employer without cause. 
Makes such credit permanent law. 
Allows an investment tax credit for nondefense production and manufacturing equipment of ten percent of the aggregate bases of such properties placed in service during the taxable year.