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

    This Act may be cited as the ``Small Business Health Tax Credit 
Act''.

SEC. 2. SMALL BUSINESS TAX CREDIT FOR 50 PERCENT OF HEALTH PREMIUMS.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business-related 
credits) is amended by adding at the end the following:

``SEC. 45G. EMPLOYEE HEALTH INSURANCE EXPENSES.

    ``(a) General Rule.--For purposes of section 38, in the case of a 
qualified small employer, the employee health insurance expenses credit 
determined under this section is an amount equal to the applicable 
percentage of the amount paid by the taxpayer during the taxable year 
for qualified employee health insurance expenses.
    ``(b) Applicable Percentage.--For purposes of subsection (a), the 
applicable percentage is equal to--
            ``(1) 50 percent in the case of an employer with less than 
        26 qualified employees,
            ``(2) 40 percent in the case of an employer with more than 
        25 but less than 36 qualified employees, and
            ``(3) 30 percent in the case of an employer with more than 
        35 but less than 51 qualified employees.
    ``(c) Per Employee Dollar Limitation.--The amount of qualified 
employee health insurance expenses taken into account under subsection 
(a) with respect to any qualified employee for any taxable year shall 
not exceed the maximum employer contribution for self-only coverage or 
family coverage (as applicable) determined under section 8906(a) of 
title 5, United States Code, for the calendar year in which such 
taxable year begins.
    ``(d) Definitions and Special Rules.--For purposes of this 
section--
            ``(1) Qualified small employer.--
                    ``(A) In general.--The term `qualified small 
                employer' means any small employer which provides 
                eligibility for health insurance coverage (after any 
                waiting period (as defined in section 9801(b)(4))) to 
                all qualified employees of the employer.
                    ``(B) Small employer.--
                            ``(i) In general.--For purposes of this 
                        paragraph, the term `small employer' means, 
                        with respect to any calendar year, any employer 
                        if such employer employed an average of not 
                        less than 2 and not more than 50 qualified 
                        employees on business days during either of the 
                        2 preceding calendar years. For purposes of the 
                        preceding sentence, a preceding calendar year 
                        may be taken into account only if the employer 
                        was in existence throughout such year.
                            ``(ii) Employers not in existence in 
                        preceding year.--In the case of an employer 
                        which was not in existence throughout the 1st 
                        preceding calendar year, the determination 
                        under clause (i) shall be based on the average 
                        number of qualified employees that it is 
                        reasonably expected such employer will employ 
                        on business days in the current calendar year.
            ``(2) Qualified employee health insurance expenses.--
                    ``(A) In general.--The term `qualified employee 
                health insurance expenses' means any amount paid by an 
                employer for health insurance coverage to the extent 
                such amount is attributable to coverage provided to any 
                employee while such employee is a qualified employee.
                    ``(B) Exception for amounts paid under salary 
                reduction arrangements.--No amount paid or incurred for 
                health insurance coverage pursuant to a salary 
                reduction arrangement shall be taken into account under 
                subparagraph (A).
                    ``(C) Health insurance coverage.--The term `health 
                insurance coverage' has the meaning given such term by 
                paragraph (1) of section 9832(b) (determined by 
                disregarding the last sentence of paragraph (2) of such 
                section).
            ``(3) Qualified employee.--The term `qualified employee' 
        means an employee of an employer who, with respect to any 
period, is not provided health insurance coverage under--
                    ``(A) a health plan of the employee's spouse,
                    ``(B) title XVIII, XIX, or XXI of the Social 
                Security Act,
                    ``(C) chapter 17 of title 38, United States Code,
                    ``(D) chapter 55 of title 10, United States Code,
                    ``(E) chapter 89 of title 5, United States Code, or
                    ``(F) any other provision of law.
            ``(4) Employee--The term `employee'--
                    ``(A) means any individual, with respect to any 
                calendar year, who is reasonably expected to receive at 
                least $5,000 of compensation from the employer during 
                such year,
                    ``(B) does not include an employee within the 
                meaning of section 401(c)(1), and
                    ``(C) includes a leased employee within the meaning 
                of section 414(n).
            ``(5) Compensation.--The term `compensation' means amounts 
        described in section 6051(a)(3).
    ``(e) Certain Rules Made Applicable.--For purposes of this section, 
rules similar to the rules of section 52 shall apply.
    ``(f) Denial of Double Benefit.--No deduction or credit under any 
other provision of this chapter shall be allowed with respect to 
qualified employee health insurance expenses taken into account under 
subsection (a).''.
    (b) Credit To Be Part of General Business Credit.--Section 38(b) of 
the Internal Revenue Code of 1986 (relating to current year business 
credit) is amended by striking ``plus'' at the end of paragraph (14), 
by striking the period at the end of paragraph (15) and inserting ``, 
plus'', and by adding at the end the following:
            ``(16) the employee health insurance expenses credit 
        determined under section 45G.''.
    (c) Credit Allowed Against Minimum Tax.--
            (1) In general.--Subsection (c) of section 38 of the 
        Internal Revenue Code of 1986 (relating to limitation based on 
        amount of tax) is amended by redesignating paragraph (4) as 
        paragraph (5) and by inserting after paragraph (3) the 
        following new paragraph:
            ``(4) Special rules for employee health insurance credit.--
                    ``(A) In general.--In the case of the employee 
                health insurance credit--
                            ``(i) this section and section 39 shall be 
                        applied separately with respect to the credit, 
                        and
                            ``(ii) in applying paragraph (1) to the 
                        credit--
                                    ``(I) the amounts in subparagraphs 
                                (A) and (B) thereof shall be treated as 
                                being zero, and
                                    ``(II) the limitation under 
                                paragraph (1) (as modified by subclause 
                                (I)) shall be reduced by the credit 
                                allowed under subsection (a) for the 
                                taxable year (other than the employee 
                                health insurance credit).
                    ``(B) Employee health insurance credit.--For 
                purposes of this subsection, the term `employee health 
                insurance credit' means the credit allowable under 
                subsection (a) by reason of section 45G(a).''.
            (2) Conforming amendments.--
                    (A) Subclause (II) of section 38(c)(2)(A)(ii) of 
                such Code is amended by inserting ``or the employee 
                health insurance credit'' after ``employee credit''.
                    (B) Subclause (II) of section 38(c)(3)(A)(ii) of 
                such Code is amended by inserting ``or the employee 
                health insurance credit'' after ``employee credit''.
    (d) No Carrybacks.--Subsection (d) of section 39 of the Internal 
Revenue Code of 1986 (relating to carryback and carryforward of unused 
credits) is amended by adding at the end the following:
            ``(11) No carryback of section 45g credit before effective 
        date.--No portion of the unused business credit for any taxable 
        year which is attributable to the employee health insurance 
        expenses credit determined under section 45G may be carried 
        back to a taxable year ending before the date of the enactment 
        of section 45G.''.
    (e) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following:

                              ``Sec. 45G. Employee health insurance 
                                        expenses.''.
    (f) Employer Outreach.--The Internal Revenue Service shall, in 
conjunction with the Small Business Administration, develop materials 
and implement an educational program to ensure that business personnel 
are aware of--
            (1) the eligibility criteria for the tax credit provided 
        under section 45G of the Internal Revenue Code of 1986 (as 
        added by this section),
            (2) the methods to be used in calculating such credit,
            (3) the documentation needed in order to claim such credit, 
        and
            (4) any available health plan purchasing alliances 
        established under title II,
so that the maximum number of eligible businesses may claim the tax 
credit.
    (g) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred in taxable years beginning after the 
date of the enactment of this Act.

SOLUTION: Small Business Health Tax Credit Act - Amends the Internal Revenue Code to allow small business employers (employers with between two and 50 employees) an income tax credit of between 30 to 50 percent (depending upon the number of employees) of the amount paid for employee health insurance, subject to a dollar limitation for each employee. Allows the employer to apply such credit against its minimum tax liability. Directs the Internal Revenue Service, in conjunction with the Small Business Administration, to educate small business personnel about this tax credit.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bankruptcy Amendments of 1993''.

SEC. 2. AMENDMENTS.

    (a) Who May Be a Debtor Under Chapter 13.--Section 109(e) of title 
11, United States Code, is amended--
            (1) by striking ``, unsecured debts of less than $100,000 
        and noncontingent, liquidated, secured debts of less than 
        $350,000'' and inserting ``debts of less than $1,000,000'', and
            (2) by striking ``, unsecured debts that aggregate less 
        than $100,000 and noncontingent, liquidated, secured debts of 
        less than $350,000'' and inserting ``debts of less than 
        $1,000,000''.
    (b) Automatic Stay.--The last sentence of section 362(e) of title 
11, United States Code, is amended--
            (1) by striking ``commenced'' and inserting ``concluded'', 
        and
            (2) by inserting before the period at the end the 
        following:
``unless the 30-day period is extended with the consent of the parties 
in interest or for a specific time that the court finds is required by 
compelling circumstances''.
    (c) Exemptions.--(1) Section 522(a) of title 11, United States 
Code, is amended--
            (A) in paragraph (1) by striking ``and'' at the end,
            (B) by redesignating paragraph (2) as paragraph (3), and
            (C) by inserting after paragraph (1) the following:
            ``(2) `household goods' means furnishings, appliances, 
        linens, china, cookery, kitchenware, and personal effects, but 
        does not include--
                    ``(A) works of art;
                    ``(B) electronic entertainment equipment other than 
                one television and one radio;
                    ``(C) jewelry (other than wedding and engagement 
                rings); and
                    ``(D) antiques purchased by the debtor; and''.
    (2) Section 522(d)(3) of title 11, United States Code, is amended--
            (A) by striking ``household furnishings,'', and
            (B) by striking ``appliances,''.
    (3) Section 522(f)(2) of title 11, United States Code, is amended--
            (A) by striking ``household furnishings,'', and
            (B) by striking ``appliances,''.
    (d) Exceptions to Discharge.--Section 523(a) of title 11, United 
States Code, is amended--
            (1) in paragraph (2)--
                    (A) by amending subparagraph (A) to read as 
                follows:
                    ``(A) actual fraud, use of a credit card or other 
                access device to a revolving line of credit without the 
                intent to repay, or false pretenses or false 
                representations made or published with reckless 
                disregard for their truth or accuracy;''
                    (B) in subparagraph (B)(iv) by striking ``intent to 
                deceive'' and inserting ``reckless disregard for its 
                truth or accuracy'', and
                    (C) in subparagraph (C)--
                            (i) by striking ``$500'' and inserting 
                        ``$100'', and
                            (ii) by striking ``forty days'' and 
                        inserting ``60 days'', and
            (2) by amending paragraph (6) to read as follows:
            ``(6) for injury to another entity or property of another 
        entity resulting from the debtor's reckless disregard of such 
        entity's right or property interests;''.
    (e) Effect of Discharge.--The third sentence of section 524(d) of 
title 11, United States Code, is amended in the matter preceding 
paragraph (1) by inserting ``and was not represented by an attorney 
during the course of negotiating such agreement'' after ``this 
section''.
    (f) Preferences.--Section 547(c)(3)(B) of title 11, United States 
Code, is amended by striking ``10'' and inserting ``20''.
    (g) Contents of Plan.--Section 1322(b)(2) of title 11, United 
States Code, is amended to read as follows:
            ``(2) modify the rights of the holders of secured claims, 
        but the plan may not modify a claim pursuant to section 506 of 
        a person holding a senior or a junior security interest in real 
        property that is the debtor's principal residence, except that 
        the plan may modify the claim of a person holding such a junior 
        security interest that was undersecured at the time the 
        interest attached to the extent that the interest remains 
        undersecured;''.
    (h) Contents of Plan.--(1) Section 1322(c) of title 11, United 
States Code, is amended to read as follows:
    ``(c) The plan may not provide for payments over a period that is 
longer than 5 years.''.
    (2) Section 1325(b)(1)(B) of title 11, United States Code, is 
amended by striking ``three-year'' and inserting ``5-year''.
    (3) Section 1329(c) of title 11, United States Code, is amended to 
read as follows:
    ``(c) A plan modified under this section may not provide for 
payments over a period that expires more than 5 years after the date 
that the first payment under the original confirmed plan was due.''.
    (i) Confirmation Hearing.--Section 1324 of title 11, United States 
Code, is amended--
            (1) by striking ``After'' and inserting ``(a) Except as 
        provided in subsection (b) and after'', and
            (2) by adding at the end the following:
    ``(b) If a creditor objects not later than 5 days after receiving 
notice of a hearing on confirmation of the plan, the hearing on 
confirmation of the plan may be held only after the expiration of the 
10-day period beginning on the date of the first meeting of creditors 
under section 341(a).''.
    (j) Payments.--Section 1326(c) of title 11, United States Code, is 
amended by inserting ``timely'' after ``payments''.

SEC. 3. ANNUAL COMPILATION OF STATISTICAL INFORMATION REGARDING 
              BANKRUPTCY CASES.

    Not later than June 30 of each year, the Administrative Office of 
the United States Courts shall compile and make available to the public 
statistical information with respect to cases in which a discharge is 
entered under title 11 of the United States Code in the preceding 
calendar year. Such information shall include--
            (1) the liabilities and value of assets of the debtors in 
        such cases as of the order for relief,
            (2) the monthly income and living expenses of such debtors, 
        as estimated by such debtors,
            (3) the aggregate amount of debts discharged, and the 
        aggregate payments made to creditors, as of the date of 
        discharge, and
            (4) the time elapsed between the filing of such cases and 
        the date of the first payment to a creditor under a plan 
        confirmed in such cases.

SEC. 4. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.

    (a) Effective Date.--Except as provided in subsection (b), this Act 
and the amendments made by this Act shall take effect on the date of 
the enactment of this Act.
    (b) Application of Amendments.--The amendments made by this Act 
shall not apply with respect to cases commenced under title 11 of the 
United States Code before the date of the enactment of this Act.

SOLUTION: Bankruptcy Amendments of 1993 - Amends Federal bankruptcy law to raise to $1 million the ceiling on debts for eligibility to file as a chapter 13 debtor (bankrupt consumer repayment of debt under court supervision).  (Currently the ceiling is $100,000 for unsecured debts, or $350,000 for certain secured debts.)  Modifies the guidelines for:  (1) chapter 13 bankruptcies; (2) automatic stays; (3) exemptions; (4) discharges; and (5) preferences. 
Directs the Administrative Office of the United States Courts to compile and make available to the public statistical information regarding bankruptcy cases.

PROBLEM: SECTION 1. FINDINGS.

    Congress makes the following findings:
            (1) Shimon Peres was born in Poland in 1923.
            (2) The Peres family emigrated to Tel Aviv in 1934, and all 
        of the family members of Shimon Peres who remained in Poland 
        were murdered during the Holocaust.
            (3) Before Israel gained independence, Shimon Peres earned 
        the respect of senior leaders in the independence movement in 
        Israel, most notably David Ben-Gurion.
            (4) The founding generation of Israel was central to the 
        development of Israel, and Shimon Peres is the only surviving 
        member of that founding generation.
            (5) Shimon Peres has served in numerous high-level cabinet 
        positions and ministerial posts in Israel, including head of 
        the Israeli Navy, Minister of Defense, Foreign Minister, Prime 
        Minister, and President, among many others.
            (6) Shimon Peres has honorably served Israel for over 70 
        years, during which he has significantly contributed to United 
        States interests and has played a pivotal role in forging the 
        strong and unbreakable bond between the United States and 
        Israel.
            (7) By presenting the Congressional Gold Medal to Shimon 
        Peres, the first to be awarded to a sitting President of 
        Israel, Congress proclaims its unbreakable bond with Israel and 
        reaffirms its continual support for Israel as we commemorate 
        the 65th anniversary of the independence of Israel and the 90th 
        birthday of Shimon Peres, which are both significant milestones 
        in Israeli history.
            (8) Maintaining strong bilateral relations between the 
        United States and Israel has been a priority of Shimon Peres 
        since he began working with the United States in the days of 
        John F. Kennedy. The strong bond is exemplified by the 
        following:
                    (A) President Reagan said to Shimon Peres upon his 
                visit to the United States, ``Mr. Prime Minister, I 
                thank you very much for your visit. It's been an 
                occasion to renew a friendship and to review and 
                enhance the strength of our unique bilateral 
                relationship.''
                    (B) At another point President Reagan said of 
                Shimon Peres, ``His vision, his statesmanship and his 
                tenacity are greatly appreciated here.''
                    (C) While visiting with Shimon Peres at the 
                Residence of the President in Jerusalem, President 
                Obama described Shimon Peres as ``. . . a son of Israel 
                who's devoted his life to keeping Israel strong and 
                sustaining the bonds between our two nations''.
                    (D) On March 20, 2013, Shimon Peres reaffirmed his 
                belief in the relationship between the United States 
                and Israel, stating, ``America stood by our side from 
                the very beginning. You support us as we rebuild our 
                ancient homeland and as we defend our land. From 
                Holocaust to redemption.''
                    (E) On March 21, 2013, Shimon Peres stated, ``. . . 
                America is so great and we are so small. But I learned 
                that you don't measure us by size, but by values. When 
                it comes to values, we are you and you are us. . . . As 
                I look back, I feel that the Israel of today has 
                exceeded the vision we had 65 years ago. Reality has 
                surpassed our dreams. The United States of America 
                helped us to make this possible.''

SEC. 2. CONGRESSIONAL GOLD MEDAL.

    (a) Award Authorized.--The President pro tempore of the Senate and 
the Speaker of the House of Representatives shall make appropriate 
arrangements for the award, on behalf of Congress, of a single gold 
medal of appropriate design to President Shimon Peres.
    (b) Design and Striking.--For the purpose of the award referred to 
in subsection (a), the Secretary of the Treasury shall strike a gold 
medal with suitable emblems, devices, and inscriptions to be determined 
by the Secretary.

SEC. 3. DUPLICATE MEDALS.

    Under such regulations as the Secretary of the Treasury may 
prescribe, the Secretary may strike duplicate medals in bronze of the 
gold medal struck pursuant to section 2 and sell such duplicate medals 
at a price sufficient to cover the costs of the medals, including 
labor, materials, dies, use of machinery, and overhead expenses.

SEC. 4. NATIONAL MEDALS.

    Medals struck pursuant to this Act are national medals for purposes 
of chapter 51 of title 31, United States Code.

SEC. 5. AUTHORITY TO USE FUND AMOUNTS; PROCEEDS OF SALE.

    (a) Authorization of Charges.--There is authorized to be charged 
against the United States Mint Public Enterprise Fund, such amounts as 
may be necessary to pay for the costs of the medals struck pursuant to 
this Act.
    (b) Proceeds of Sale.--Amounts received from the sale of duplicate 
bronze medals under section 3 shall be deposited in the United States 
Mint Public Enterprise Fund.

            Passed the Senate March 13, 2014.

            Attest:

                                                             Secretary.
113th CONGRESS

  2d Session

                                S. 1456

_______________________________________________________________________

                                 AN ACT

         To award the Congressional Gold Medal to Shimon Peres.

SOLUTION:
.  Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to arrange for the presentation of a congressional gold medal in honor of President Shimon Peres of Israel.