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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pullman National Historical Park 
Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) in 1970, the Secretary of the Interior designated the 
        Pullman Historic District as a National Historic Landmark 
        District in 1970 because of--
                    (A) the significance of the District to the labor 
                history, social history, architecture, and urban 
                planning of the United States; and
                    (B) the pivotal role of events in the District in 
                creating the first national Labor Day holiday in the 
                world;
            (2) between 1880 and 1884 George M. Pullman, owner of the 
        Pullman Palace Car Company, built the Pullman community, which 
        was envisioned by Pullman as an industrial town that would 
        provide employees with--
                    (A) a model community; and
                    (B) suitable living conditions;
            (3) the town developed by George M. Pullman, which 
        consisted of over 1,000 buildings and homes, was awarded ``The 
        World's Most Perfect Town'' at the International Hygienic and 
        Pharmaceutical Exposition in 1896;
            (4) the Pullman factory site is a true symbol of the 
        historic struggle in the United States to achieve fair labor 
        practices for the working class, with the original factory 
        serving as the catalyst for the first industry-wide strike in 
        the United States;
            (5) in the midst of economic depression in 1894, to protest 
        unsafe conditions and reductions in pay, Pullman factory 
        workers initiated a strike that--
                    (A) when taken up as a cause by the American 
                Railway Union, crippled the entire rail industry;
                    (B) continued even in the face of a Federal 
                injunction and a showdown between laborers and Federal 
                troops that turned violent and deadly; and
                    (C) set a national example for the ability of 
                working people in the United States to change the 
                existing system in favor of more just practices for 
                protecting workers rights and safety;
            (6) following the deaths of a number of workers at the 
        hands of the United States military and United States Marshals 
        during the 1894 strike, Congress unanimously voted to approve 
        rush legislation that created a national Labor Day holiday, 
        which was signed into law by President Grover Cleveland 6 days 
        after the end of the strike;
            (7) the Pullman Palace Car Company also played an important 
        role in African-American and early civil rights history through 
        the legacy of the Pullman porters, many of whom were ex-slaves 
        were employed in a heavily discriminatory environment 
        immediately following the Civil War;
            (8) the Pullman porters, who served diligently between the 
        1870s and the 1960s, have been commended for--
                    (A) the level of service and attention to detail of 
                the Pullman porters; and
                    (B) the contributions of the Pullman porters to the 
                development of the African-American middle class;
            (9) the information, ideas, and commerce the Pullman 
        porters carried across the country while traveling on trains 
        helped to bring education and wealth to African-American 
        communities throughout the United States;
            (10) the positive role of the Pullman porters in the 
        historical image of the first-class service that was made 
        available on Pullman cars is unmistakable;
            (11) the Pullman community was the seminal home to the 
        Brotherhood of Sleeping Car Porters, which--
                    (A) was the first African-American labor union with 
                a collective bargaining agreement;
                    (B) was founded by civil rights pioneer A. Philip 
                Randolph in 1925;
                    (C) fought against discrimination and in support of 
                just labor practices; and
                    (D) helped lay the groundwork for what became the 
                great Civil Rights Movement of the 20th Century;
            (12) the Pullman community is--
                    (A) a paramount illustration of the work of 
                architect Solon Spencer Beman;
                    (B) a well-preserved example of 19th Century 
                community planning, architecture, and landscape design; 
                and
                    (C) comprised of a number of historic structures, 
                including the Administration Clock Tower Building, 
                Hotel Florence, Greenstone Church, Market Square, and 
                hundreds of units of rowhouses built for Pullman 
                workers;
            (13) the preservation of the Pullman site has been 
        threatened by--
                    (A) plans for demolition in 1960; and
                    (B) a fire in 1998, which damaged the iconic clock 
                tower and the rear erecting shops;
            (14) the diligent efforts of community organizations, 
        foundations, nonprofits, residents, the State, and units of 
        local government in the restoration and preservation of the 
        District after the 1998 fire were vital to the protection of 
        the Pullman site;
            (15) due to the historic and architectural significance of 
        the District, the District is designated as--
                    (A) a registered National Historic Landmark 
                District;
                    (B) an Illinois State Landmark; and
                    (C) a City of Chicago Landmark District; and
            (16) the preservation, enhancement, economic, and tourism 
        potential and management of the important historic and 
        architectural resources of the Park requires cooperation and 
        partnerships from among local property owners, the Federal 
        Government, the State, units of local government, the private 
        and nonprofit sectors, and the more than 100 civic 
        organizations who have expressed support for community 
        preservation through the establishment of the Pullman National 
        Historical Park.

SEC. 3. DEFINITIONS.

    In this Act:
            (1) Park.--The term ``Park'' means the Pullman National 
        Historical Park established by section 4(a).
            (2) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.
            (3) State.--The term ``State'' means the State of Illinois.

SEC. 4. ESTABLISHMENT OF THE PULLMAN NATIONAL HISTORICAL PARK.

    (a) Establishment and Purpose.--There is established in the State a 
unit of the National Park System, to be known as the ``Pullman National 
Historical Park''--
            (1) to preserve and interpret for the benefit of future 
        generations--
                    (A) the significant labor, industrial, civil 
                rights, and social history of the Park;
                    (B) the significant architectural structures in the 
                Park; and
                    (C) the role of the Pullman community in the 
                creation of the first national Labor Day holiday in the 
                world;
            (2) to coordinate preservation, protection, and 
        interpretation efforts of the Park by the Federal Government, 
        the State, units of local government, and private and nonprofit 
        organizations; and
            (3) to coordinate appropriate management options necessary 
        to ensure the protection, preservation, and interpretation of 
        the many significant aspects of the Park.
    (b) Park Boundary.--The boundary of the Park shall be established 
by the Secretary, but shall not exceed the boundary of the 
approximately 300-acre Pullman Historic District in Chicago, which is 
between 103rd Street on the north, 115th Street on the south, Cottage 
Grove Avenue on the west, and the Norfolk & Western Rail Line on the 
east.
    (c) Inclusion of Historic Sites.--On conveyance by the State to the 
Secretary, the Park shall include--
            (1) the Pullman Factory Complex, including the Clock Tower 
        Building and rear erecting shops; and
            (2) the approximately 13 acres of land on which the 
        structures described in paragraph (1) are located.

SEC. 5. ADMINISTRATION.

    (a) In General.--The Secretary shall administer land within the 
boundary of the Park in accordance with--
            (1) this Act; and
            (2) the laws generally applicable to units of the National 
        Park System, including--
                    (A) the National Park Service Organic Act (16 
                U.S.C. 1 et seq.); and
                    (B) the Act of August 21, 1935 (16 U.S.C. 461 et 
                seq.).
    (b) Cooperative Agreements.--The Secretary may enter into 
cooperative agreements with the State or other public and nonpublic 
entities, under which the Secretary may identify, interpret, and 
provide assistance for the preservation of non-Federal land within the 
boundaries of the Park and at sites in close proximity to the Park but 
located outside the boundaries of the Park, including providing for 
placement of directional and interpretive signage, exhibits, and 
technology-based interpretive devices.
    (c) Acquisition of Land.--The Secretary may acquire for inclusion 
in the Park any land (including interests in land), buildings, or 
structures owned by the State or any other political, private, or 
nonprofit entity by donation, transfer, exchange, or purchase from a 
willing seller.
    (d) Management Plan.--Not later than 3 fiscal years after the date 
on which funds are first made available to carry out this Act, the 
Secretary, in consultation with the State, shall complete a general 
management plan for the Park in accordance with--
            (1) section 12(b) of the National Park System General 
        Authorities Act (16 U.S.C. 1a-7(b)); and
            (2) any other applicable laws.
    (e) Effect.--Nothing in this Act modifies any authority of the 
Federal Government to carry out Federal laws on Federal land located in 
the Park.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated such sums as are necessary 
to carry out this Act.
Pullman National Historical Park Act - Establishes the Pullman National Historical Park in Illinois as a unit of the National Park System to: (1) preserve and interpret for the benefit of future generations the significant labor, industrial, civil rights, and social history of the Park, the significant architectural structures in the Park, and the role of the Pullman community in the creation of the first national Labor Day holiday in the world; (2) coordinate preservation, protection, and interpretation efforts of the Park by the federal government, the state of Illinois, units of local government, and private and nonprofit organizations; and (3) coordinate appropriate management options necessary to ensure the protection, preservation, and interpretation of the many significant aspects of the Park.  Requires the Park to include: (1) the Pullman Factory Complex, including the Clock Tower Building and rear erecting shops; and (2) the approximately 13 acres of land upon which such structures are located.  Requires the Secretary of the Interior to complete a general management plan for the Park. 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Healthy Local Policies for Schools 
Act of 2010'' or the ``HELP Schools Act of 2010''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) childhood obesity increased threefold among children 
        and adolescents in the 30 years preceding the date of enactment 
        of this Act;
            (2) about 12,000,000 children and adolescents ages 2 to 19 
        are considered obese;
            (3) obesity-related diseases cost the United States economy 
        more than $147,000,000,000 every year;
            (4) both low levels of physical activity and an increase in 
        caloric intake have contributed to the unprecedented epidemic 
        of childhood obesity;
            (5) overweight adolescents have a 70 to 80 percent chance 
        of becoming overweight adults, increasing the risk for chronic 
        disease, disability, and death;
            (6) children and adolescents are--
                    (A) not meeting dietary recommendations;
                    (B) underconsuming important food groups and 
                nutrients needed for growth and development; and
                    (C) overconsuming saturated fat, trans fat, sodium, 
                and added sugars;
            (7) nutrition education and promotion helps foster a school 
        environment that--
                    (A) supports healthy eating;
                    (B) helps initiate and sustain healthy eating 
                behaviors;
                    (C) increases acceptance and consumption of healthy 
                school meals;
                    (D) increases participation in school meal 
                programs;
                    (E) enhances school meal quality; and
                    (F) supports development and implementation of 
                local wellness policies;
            (8) nutrition education and promotion is a critical 
        component of most major health promotion and disease prevention 
        programs;
            (9) research shows that school-based nutrition programs and 
        services both improve health and contribute to the academic 
        achievement of school children;
            (10) research shows that fit children achieve more 
        academically and have better school attendance and fewer 
        disciplinary problems;
            (11) a comprehensive study of local wellness policies 
        across the United States found that--
                    (A) many policies were underdeveloped and 
                fragmented; and
                    (B) the vast majority of students were enrolled in 
                a school district that did not--
                            (i) require evaluation of the 
                        implementation or effectiveness of the wellness 
                        policy of the district; or
                            (ii) include any provisions for reviewing 
                        and revising the wellness policy;
            (12) the same study reported that between 5 and 6 percent 
        of students were enrolled in a school district that had 
        identified a potential source of funding to support 
        implementation of the wellness policy of the district;
            (13) the nutrition education and promotion initiatives for 
        school children in effect as of the date of enactment of this 
        Act lack coordination, funding, and sustainability;
            (14) the Physical Activity Guidelines for Americans of the 
        Department of Health and Human Services recommend that children 
        engage in at least 60 minutes of physical activity on most, and 
        preferably all, days of the week;
            (15) children spend many waking hours at school and 
        therefore need to be active during the school day to meet the 
        recommendations of the Physical Activity Guidelines for 
        Americans; and
            (16) as of the date of enactment of this Act--
                    (A) only 3.8 percent of elementary schools, 7.9 
                percent of middle schools, and 2.1 percent of high 
                schools provide daily physical education or the 
                equivalent for the entire school year; and
                    (B) 22 percent of schools do not require students 
                to take any physical education at all.

SEC. 3. LOCAL WELLNESS POLICIES.

    Section 5 of the Richard B. Russell National School Lunch Act (42 
U.S.C. 1754) is amended to read as follows:

``SEC. 5. LOCAL WELLNESS POLICIES.

    ``(a) Definitions.--In this section:
            ``(1) Extended school day.--The term `extended school day' 
        means--
                    ``(A) the official school day; and
                    ``(B) the time before and after the official school 
                day during which events or activities are primarily 
                under the control of the school or a third party on 
                behalf of the school.
            ``(2) Local wellness policy.--The term `local wellness 
        policy' means a nutrition and physical activity wellness policy 
        of a local educational agency established under section 204 of 
        the Child Nutrition and WIC Reauthorization Act of 2004 (42 
        U.S.C. 1751 note; Public Law 108-265).
    ``(b) Requirements.--Not later than the first day of the school 
year beginning 1 year after the date of enactment of the HELP Schools 
Act of 2010, each local educational agency participating in a program 
authorized by this Act or the Child Nutrition Act of 1966 (42 U.S.C. 
1771 et seq.) shall strengthen the local school wellness policy of the 
local educational agency by ensuring, at a minimum, that the policy--
            ``(1) includes goals for nutrition promotion and education, 
        physical education, physical activity, food marketing and 
        advertising on the school campus, and other school-based 
        activities designed to promote participation in child nutrition 
        programs and student wellness through the extended school day, 
        in a manner that the local educational agency determines to be 
        appropriate;
            ``(2) includes an implementation plan to achieve the goals 
        of the local wellness policy;
            ``(3) ensures that guidelines for reimbursable school meals 
        are not less restrictive than regulations and guidance issued 
        by the Secretary pursuant to subsections (a) and (b) of section 
        10 of the Child Nutrition Act of 1966 (42 U.S.C. 1779) and 
        sections 9(f)(1) and 17(a) of this Act, as those regulations 
        and guidance apply to schools;
            ``(4) ensures that nutritional guidelines for foods and 
        beverages sold in schools that are not part of reimbursable 
        school meals are in compliance with the standards established 
        by the Secretary; and
            ``(5) includes a plan for measuring implementation of the 
        local wellness policy, including the designation of a local 
        wellness policy committee under subsection (d).
    ``(c) Transparency.--
            ``(1) In general.--In carrying out this section, each local 
        educational agency shall make readily available and widely 
        disseminate to relevant stakeholders--
                    ``(A) the local wellness policy of the local 
                education agency, including the implementation plan 
                described in subsection (b)(5);
                    ``(B) any assessments of the implementation of the 
                local wellness policy;
                    ``(C) any updates to the local wellness policy; and
                    ``(D) appropriate local and State contact 
                information.
            ``(2) Availability requirement.--Not later than the first 
        day of the school year following the date of enactment of the 
        HELP Schools Act of 2010, each local educational agency shall 
        make readily available the policy and plan described in 
        paragraph (1)(A).
            ``(3) Assessment of implementation.--
                    ``(A) Assessment of implementation.--Not later than 
                2 years after the date of enactment of the HELP Schools 
                Act of 2010, and every 3 years thereafter, each local 
                educational agency shall complete and make readily 
                available the results of an assessment of the 
                implementation of the local wellness policy of the 
                local educational agency that includes--
                            ``(i) the extent to which schools under the 
                        jurisdiction of the local educational agency 
                        are in compliance with the local wellness 
                        policy of the agency;
                            ``(ii) the extent to which the local 
                        wellness policy of the local educational agency 
                        compares with model local wellness policies 
                        recommended under subsection (e)(2)(A)(ii); and
                            ``(iii)(I) a description of the progress 
                        made in attaining the goals of the local 
                        wellness policy described in subsection (b); 
                        and
                            ``(II) any revisions to the local wellness 
                        policy to more effectively address those goals.
    ``(d) Local Wellness Policy Committee.--
            ``(1) In general.--Not later than 180 days after the date 
        of enactment of the HELP Schools Act of 2010, each local 
        educational agency shall designate a standing Local Wellness 
        Policy Committee (referred to in this subsection as the 
        `Committee').
            ``(2) Representation.--
                    ``(A) Required representatives.--The Committee of 
                each local educational agency shall be comprised of at 
                least 1 representative from the local educational 
                agency from each of the following categories of 
                stakeholders:
                            ``(i) Principals.
                            ``(ii) Teachers.
                            ``(iii) Parents of students.
                            ``(iv) Students.
                            ``(v) The school food authority.
                            ``(vi) The school board of the local 
                        educational agency.
                            ``(vii) The physical education program.
                            ``(viii) School health professionals, such 
                        as school nurses, school counselors, social 
                        workers, or health education teachers.
                    ``(B) Authorized representatives.--A Committee may 
                also include a registered dietitian, pediatrician, 
                dentist, a representative of the local health 
                department, or other representatives of the local 
                community.
            ``(3) Terms and conditions.--Each local educational agency 
        shall determine the terms and conditions under which each 
        member of the Committee of the local educational agency serves.
            ``(4) Duties.--Duties and responsibilities of each 
        Committee shall include--
                    ``(A) ensuring that the local educational agency 
                served by the Committee meets the requirements 
                described in this section;
                    ``(B) fostering integration of the local wellness 
                policy of the local educational agency with existing 
                coordinated school health programs, and other health-
                related activities in the schools and community served 
                by the local educational agency; and
                    ``(C) making Committee proceedings and other 
                pertinent information relating to the activities of the 
                Committee readily available.
    ``(e) Technical Assistance and Outreach.--
            ``(1) In general.--The Secretary, in consultation with the 
        Secretary of Education and the Secretary of Health and Human 
        Services, acting through the Centers for Disease Control and 
        Prevention, shall assist in the adoption of effective local 
        wellness policies by local educational agencies in accordance 
        with this section.
            ``(2) Outreach.--In carrying out paragraph (1), the 
        Secretary shall perform outreach to key State and local 
        stakeholders to promote effective local wellness policies and 
        provide technical assistance that--
                    ``(A) includes--
                            ``(i) a hotline, online resources, and 
                        trainings on designing, implementing, 
                        promoting, disseminating, and evaluating local 
                        wellness policies and overcoming barriers to 
                        the adoption of local wellness policies; and
                            ``(ii) model local wellness policies and 
                        best practices recommended by Federal agencies, 
                        State agencies, and nongovernmental 
                        organizations; and
                    ``(B) is for guidance purposes only and not binding 
                or otherwise designed to be mandate to schools, local 
                educational agencies, school food authorities, or State 
                child nutrition programs.
            ``(3) Funding.--
                    ``(A) In general.--On October 1, 2010, and on each 
                October 1 thereafter through October 1, 2014, out of 
                any funds in the Treasury not otherwise appropriated, 
                the Secretary of the Treasury shall transfer to the 
                Secretary to carry out this paragraph $1,000,000, to 
                remain available until expended.
                    ``(B) Receipt and acceptance.--The Secretary shall 
                be entitled to receive, shall accept, and shall use to 
                carry out this paragraph the funds transferred under 
                subparagraph (A), without further appropriation. 
    ``(f) Study and Report.--
            ``(1) In general.--The Secretary, in conjunction with the 
        Director of the Centers for Disease Control and Prevention, 
        shall prepare a report on the implementation, strength, and 
        effectiveness of the local wellness policies carried out in 
        accordance with this section.
            ``(2) Study of local wellness policies.--The study 
        described in paragraph (1) shall include--
                    ``(A) an analysis of the strengths and weaknesses 
                of local wellness policies and how the policies compare 
                with model local wellness policies recommended under 
                subsection (e)(2)(A)(ii); and
                    ``(B) an assessment of the impact of the local 
                wellness policies in addressing the requirements of 
                subsection (b).
            ``(3) Report.--Not later than January 1, 2014, the 
        Secretary shall submit to the Committee on Agriculture, 
        Nutrition, and Forestry of the Senate and the Committee on 
        Education and Labor of the House of Representatives a report 
        that describes the findings of the study.''.

SEC. 4. REPEAL.

    Section 204 of the Child Nutrition and WIC Reauthorization Act of 
2004 (42 U.S.C. 1751 note; Public Law 108-265) is repealed.

SEC. 5. BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the Senate Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.
Healthy Local Policies for Schools Act of 2010 or HELP Schools Act of 2010 - Amends the Richard B. Russell National School Lunch Act to replace the nutrition promotion program with a program that requires local educational agencies (LEAs) to ensure that their local wellness policies: (1) include goals for nutrition and physical education, physical activity, on-campus food marketing and advertising, and other school-based activities that promote nutrition and wellness throughout the extended school day; (2) include plans for implementing, and measuring the implementation of, such policies; (3) require reimbursable school meals to meet certain nutritional guidelines; and (4) require the nutritional guidelines for nonreimbursable foods and beverages sold in schools to be in compliance with standards established by the Secretary of Agriculture.

Requires each LEA, within two years of this Act's enactment and every three years thereafter, to complete and disseminate an assessment of their local wellness policy.

Directs each LEA to designate a standing Local Wellness Policy Committee made up of education, health, and nutrition stakeholders to foster the integration of a local wellness policy that meets this Act's requirements with other health-related activities in the LEA's schools and community.

Requires the Secretary to: (1) provide technical assistance and outreach to key state and local stakeholders to promote effective local wellness policies; and (2) prepare a report, in conjunction with the Director of the Centers for Disease Control and Prevention (CDC), on the implementation, strength, and effectiveness of local wellness policies.

SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

    (a) Short Title.--This Act may be cited as the ``Coverdell 
Education Savings Accounts Act of 2001''.
    (b) Amendment of 1986 Code.--Except as otherwise expressly 
provided, whenever in this Act an amendment or repeal is expressed in 
terms of an amendment to, or repeal of, a section or other provision, 
the reference shall be considered to be made to a section or other 
provision of the Internal Revenue Code of 1986.

SEC. 2. MODIFICATIONS TO EDUCATION INDIVIDUAL RETIREMENT ACCOUNTS.

    (a) Tax-Free Expenditures for Elementary and Secondary School 
Expenses.--
            (1) In general.--Section 530(b)(2) (defining qualified 
        higher education expenses) is amended to read as follows:
            ``(2) Qualified education expenses.--
                    ``(A) In general.--The term `qualified education 
                expenses' means--
                            ``(i) qualified higher education expenses 
                        (as defined in section 529(e)(3)), and
                            ``(ii) qualified elementary and secondary 
                        education expenses (as defined in paragraph 
                        (4)).
                    ``(B) Qualified state tuition programs.--Such term 
                shall include any contribution to a qualified State 
                tuition program (as defined in section 529(b)) on 
                behalf of the designated beneficiary (as defined in 
                section 529(e)(1)); but there shall be no increase in 
                the investment in the contract for purposes of applying 
                section 72 by reason of any portion of such 
                contribution which is not includible in gross income by 
                reason of subsection (d)(2).''.
            (2) Qualified elementary and secondary education 
        expenses.--Section 530(b) (relating to definitions and special 
        rules) is amended by adding at the end the following new 
        paragraph:
            ``(4) Qualified elementary and secondary education 
        expenses.--
                    ``(A) In general.--The term `qualified elementary 
                and secondary education expenses' means--
                            ``(i) expenses for tuition, fees, academic 
                        tutoring, special needs services, books, 
                        supplies, computer equipment (including related 
                        software and services), and other equipment 
                        which are incurred in connection with the 
                        enrollment or attendance of the designated 
                        beneficiary of the trust as an elementary or 
                        secondary school student at a public, private, 
                        or religious school, and
                            ``(ii) expenses for room and board, 
                        uniforms, transportation, and supplementary 
                        items and services (including extended day 
                        programs) which are required or provided by a 
                        public, private, or religious school in 
                        connection with such enrollment or attendance.
                    ``(B) School.--The term `school' means any school 
                which provides elementary education or secondary 
                education (kindergarten through grade 12), as 
                determined under State law.''.
            (3) Conforming amendments.--Section 530 is amended--
                    (A) by striking ``higher'' each place it appears in 
                subsections (b)(1) and (d)(2), and
                    (B) by striking ``higher'' in the heading for 
                subsection (d)(2).
    (b) Maximum Annual Contributions.--
            (1) In general.--Section 530(b)(1)(A)(iii) (defining 
        education individual retirement account) is amended by striking 
        ``$500'' and inserting ``the applicable dollar amount for the 
        calendar year in which such taxable year begins''.
            (2) Applicable dollar amount.--Section 530(b) is amended by 
        adding at the end the following new paragraph:
            ``(4) Applicable dollar amount.--
                    ``(A) In general.--For purposes of paragraph 
                (1)(A)(iii), the applicable dollar amount is $2,000.
                    ``(B) Inflation adjustment.--
                            ``(i) In general.--In the case of any 
                        taxable year beginning after 2002, the dollar 
                        amount referred to in subparagraph (A) shall be 
                        increased by an amount equal to--
                                    ``(I) such dollar amount, 
                                multiplied by
                                    ``(II) the cost-of-living 
                                adjustment determined under section 
                                (1)(f)(3) for the calendar year in 
                                which the taxable year begins, by 
                                substituting `2001' for `1992'.
                            ``(ii) Rounding.--If any amount as adjusted 
                        under clause (i) is not a multiple of $50, such 
                        amount shall be rounded to the nearest multiple 
                        of $50.''.
            (3) Conforming amendment.--Section 4973(e)(1)(A) is amended 
        by striking ``$500'' and inserting ``the applicable dollar 
        amount for the calendar year in which such taxable year 
        begins''.
            (4) Elimination of the marriage penalty in the reduction in 
        permitted contributions.--Section 530(c)(1) (relating to 
        reduction in permitted contributions based on adjusted gross 
        income) is amended--
                    (A) by striking ``$150,000'' in subparagraph 
                (A)(ii) and inserting ``$190,000'', and
                    (B) by striking ``$10,000'' in subparagraph (B) and 
                inserting ``$30,000''.
    (c) Waiver of Age Limitations for Children With Special Needs.--
Section 530(b)(1) (defining education individual retirement account) is 
amended by adding at the end the following flush sentence:
        ``The age limitations in subparagraphs (A)(ii) and (E) and 
        paragraphs (5) and (6) of subsection (d) shall not apply to any 
        designated beneficiary with special needs (as determined under 
        regulations prescribed by the Secretary).''.
    (d) Entities Permitted To Contribute to Accounts.--Section 
530(c)(1) (relating to reduction in permitted contributions based on 
adjusted gross income) is amended by striking ``The maximum amount 
which a contributor'' and inserting ``In the case of a contributor who 
is an individual, the maximum amount the contributor''.
    (e) Time When Contributions Deemed Made.--
            (1) In general.--Section 530(b) (relating to definitions 
        and special rules), as amended by subsection (b)(2), is amended 
        by adding at the end the following new paragraph:
            ``(5) Time when contributions deemed made.--An individual 
        shall be deemed to have made a contribution to an education 
        individual retirement account on the last day of the preceding 
        taxable year if the contribution is made on account of such 
        taxable year and is made not later than the time prescribed by 
        law for filing the return for such taxable year (not including 
        extensions thereof).''.
            (2) Extension of time to return excess contributions.--
        Subparagraph (C) of section 530(d)(4) (relating to additional 
        tax for distributions not used for educational expenses) is 
        amended--
                    (A) by striking clause (i) and inserting the 
                following new clause:
                            ``(i) such distribution is made before the 
                        1st day of the 6th month of the taxable year 
                        following the taxable year, and'', and
                    (B) by striking ``due date of return'' in the 
                heading and inserting ``certain date''.
    (f) Coordination With Hope and Lifetime Learning Credits and 
Qualified Tuition Programs.--
            (1) In general.--Section 530(d)(2)(C) is amended to read as 
        follows:
                    ``(C) Coordination with hope and lifetime learning 
                credits and qualified tuition programs.--For purposes 
                of subparagraph (A).
                            ``(i) Credit coordination.--The total 
                        amount of qualified higher education expenses 
                        with respect to an individual for the taxable 
                        year shall be reduced--
                                    ``(I) as provided in section 
                                25A(g)(2), and
                                    ``(II) by the amount of such 
                                expenses which were taken into account 
                                in determining the credit allowed to 
                                the taxpayer or any other person under 
                                section 25A.
                            ``(ii) Coordination with qualified tuition 
                        programs.--If, with respect to an individual 
                        for any taxable year--
                                    ``(I) the aggregate distributions 
                                during such year to which subparagraph 
                                (A) and section 529(c)(3)(B) apply, 
                                exceed
                                    ``(II) the total amount of 
                                qualified higher education expenses 
                                (after the application of clause (i)) 
                                for such year,
                        the taxpayer shall allocate such expenses among 
                        such distributions for purposes of determining 
                        the amount of the exclusion under subparagraph 
                        (A) and section 529(c)(3)(B).''.
            (2) Conforming amendments.--
                    (A) Subsection (e) of section 25A is amended to 
                read as follows:
    ``(e) Election Not To Have Section Apply.--A taxpayer may elect not 
to have this section apply with respect to the qualified tuition and 
related expenses of an individual for any taxable year.''.
                    (B) Section 135(d)(2)(A) is amended by striking 
                ``allowable'' and inserting ``allowed''.
                    (C) Section 530(d)(2)(D) is amended--
                            (i) by striking ``or credit'', and
                            (ii) by striking ``credit or'' in the 
                        heading.
                    (D) Section 4973(e)(1) is amended by adding ``and'' 
                at the end of subparagraph (A), by striking 
                subparagraph (B), and by redesignating subparagraph (C) 
                as subparagraph (B).
    (g) Renaming Education Individual Retirement Accounts as Coverdell 
Education Savings Accounts.--
            (1) In general.--
                    (A) Section 530 (as amended by the preceding 
                provisions of this section) is amended by striking ``an 
                education individual retirement account'' each place it 
                appears and inserting ``a Coverdell education savings 
                account''.
                    (B) The heading for paragraph (1) of section 530(b) 
                is amended by striking ``Education individual 
                retirement account'' and inserting ``Coverdell 
                education savings account''.
                    (C) The heading for section 530 is amended to read 
                as follows:

``SEC. 530. COVERDELL EDUCATION SAVINGS ACCOUNTS.''.

                    (D) The item in the table of contents for part VII 
                of subchapter F of chapter 1 relating to section 530 is 
                amended to read as follows:

                              ``Sec. 530. Coverdell education savings 
                                        accounts.''.
            (2) Conforming amendments.--
                    (A) The following provisions are each amended by 
                striking ``an education individual retirement'' each 
                place it appears and inserting ``a Coverdell education 
                savings'':
                            (i) Section 25A(e)(2).
                            (ii) Section 72(e)(9).
                            (iii) Section 135(c)(2)(C).
                            (iv) Section 4973(a).
                            (v) Subsections (c) and (e) of section 
                        4975.
                    (B) The following provisions are each amended by 
                striking ``education individual retirement'' each place 
                it appears and inserting ``Coverdell education 
                savings'':
                            (i) Section 26(b)(2)(E).
                            (ii) Section 4973(e).
                            (iii) Section 6693(a)(2)(D).
                    (C) The headings for each of the following 
                provisions are amended by striking ``education 
                individual retirement accounts'' each place it appears 
                and inserting ``Coverdell education savings accounts''.
                            (i) Section 72(e)(9).
                            (ii) Section 135(c)(2)(C).
                            (iii) Section 4973(e).
                            (iv) Section 4975(c)(5).
    (h) Effective Dates.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall apply to taxable years 
        beginning after December 31, 2001.
            (2) Subsection (g).--The amendments made by subsection (g) 
        shall take effect on the date of the enactment of this Act.

SEC. 3. EXCLUSION FROM INCOME OF CERTAIN AMOUNTS CONTRIBUTED TO 
              COVERDELL EDUCATION SAVINGS ACCOUNTS.

    (a) In General.--Part III of subchapter B or chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by redesignating section 139 as section 
140 and by adding at the end the following:

``SEC. 139. COVERDELL EDUCATION SAVINGS ACCOUNTS.

    ``(a) Exclusion From Gross Income.--Gross income of an employee 
shall not include--
            ``(1) amounts paid or incurred by the employer for a 
        qualified Coverdell education savings account contribution on 
        behalf of the employee or a member of the employee's family, 
        and
            ``(2) any distribution from a Coverdell education savings 
        account of such contribution.
    ``(b) Qualified Coverdell Education Savings Account Contribution.--
For purposes of this section--
            ``(1) In general.--The term `qualified Coverdell education 
        savings account contribution' means an amount contributed, 
        directly or indirectly, as part of an education savings program 
        by an employer to a Coverdell education savings account 
        established and maintained for the benefit of the employee or a 
        member of the employee's family.
            ``(2) Education savings program.--For purposes of paragraph 
        (1), an education savings program is a separate written plan of 
        an employer for the exclusive benefit of such employer's 
        employees--
                    ``(A) under which the employer makes contributions 
                described in paragraph (1), and
                    ``(B) which meets requirements similar to the 
                requirements of paragraphs (2), (3), (5), and (6) of 
                section 127(b).''.
    (b) Conforming Amendment.--The table of sections for part III of 
subchapter B or chapter 1 of the Internal Revenue Code of 1986 is 
amended by striking the item relating to section 139 and by inserting 
the following:

                              ``Sec. 139. Coverdell education savings 
                                        accounts.
                              ``Sec. 140. Cross references to other 
                                        Acts.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to contributions made in taxable years beginning after December 
31, 2001.

Coverdell Education Savings Accounts Act of 2001 - Amends the Internal Revenue Code, with respect to education individual retirement accounts (IRAs), to: (1) permit distributions for qualified elementary and secondary education expenses; (2) increase annual contribution limits from $500 to $2,000, with annual inflation adjustments as of tax year 2003; (3) waive the beneficiary age limitation (18) for contributions on behalf of special needs beneficiaries; (4) permit corporations to contribute to education IRAs; (5) permit annual contributions to be made until the filing date (not including extensions) for a tax year; (6) extend the time for return of excess contributions; and (7) provide for coordination with Hope and lifetime learning credit and qualified tuition program provisions.Renames such educational IRAs as Coverdell education savings accounts.Excludes from gross income: (1) employer contributions to such accounts on behalf of an employee or employee family member; and (2) account distributions.