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Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Equitable Treatment of Investors 
Act''.

SEC. 2. SECURITIES INVESTOR PROTECTION ACT OF 1970 AMENDMENTS.

    (a) Net Equity Based on Last Statement.--Section 16(11) of the 
Securities Investor Protection Act of 1970 (15 U.S.C. 78lll(11)) is 
amended to read as follows:
            ``(11) Net equity.--
                    ``(A) In general.--The term `net equity' means the 
                dollar amount of the account or accounts of a customer, 
                to be determined by--
                            ``(i) calculating the sum which would have 
                        been owed by the debtor to such customer if the 
                        debtor had liquidated, by sale or purchase on 
                        the filing date--
                                    ``(I) all securities positions of 
                                such customer (other than customer name 
                                securities reclaimed by such customer); 
                                and
                                    ``(II) all positions in futures 
                                contracts and options on futures 
                                contracts held in a portfolio margining 
                                account carried as a securities account 
                                pursuant to a portfolio margining 
                                program approved by the Commission, 
                                including all property collateralizing 
                                such positions, to the extent that such 
                                property is not otherwise included 
                                herein; minus
                            ``(ii) any indebtedness of such customer to 
                        the debtor on the filing date; plus
                            ``(iii) any payment by such customer of 
                        such indebtedness to the debtor which is made 
                        with the approval of the trustee and within 
                        such period as the trustee may determine (but 
                        in no event more than sixty days after the 
                        publication of notice under section 8(a)).
                    ``(B) Treatment of certain commodity futures 
                contracts.--A claim for a commodity futures contract 
                received, acquired, or held in a portfolio margining 
                account pursuant to a portfolio margining program 
                approved by the Commission or a claim for a security 
                futures contract, shall be deemed to be a claim with 
                respect to such contract as of the filing date, and 
                such claim shall be treated as a claim for cash.
                    ``(C) Treatment of accounts held by a customer in 
                separate capacities.--In determining net equity under 
                this paragraph, accounts held by a customer in separate 
                capacities shall be deemed to be accounts of separate 
                customers.
                    ``(D) Reliance on final customer statement.--
                            ``(i) In general.--In determining net 
                        equity under this paragraph, the positions, 
                        options, and contracts of a customer held by 
                        the debtor, and any indebtedness of the 
                        customer to the debtor, shall be determined 
                        based on--
                                    ``(I) the information contained in 
                                the last statement received by the 
                                customer from the debtor before the 
                                filing date; and
                                    ``(II) any additional specific 
                                confirmations of the customer's 
                                positions, options, contracts, or 
                                indebtedness received after such last 
                                statement but before the filing date.
                            ``(ii) Fraud exception.--The provisions of 
                        this subparagraph shall not apply to any 
                        customer that--
                                    ``(I) knew the debtor was involved 
                                in fraudulent activity with respect to 
                                any customer of the debtor; or
                                    ``(II) was a person that--
                                            ``(aa) was, or was required 
                                        to be, registered with the 
                                        Securities and Exchange 
                                        Commission under the securities 
                                        laws (as such term is defined 
                                        under section 3(a) of the 
                                        Securities Exchange Act of 1934 
                                        (15 U.S.C. 78c(a)));
                                            ``(bb) knew, or should have 
                                        known, that the debtor was 
                                        involved in fraudulent activity 
                                        with respect to any customer of 
                                        the debtor; and
                                            ``(cc) did not notify SIPC, 
                                        the Commission, or law 
                                        enforcement personnel that the 
                                        debtor was involved in such 
                                        fraudulent activity.''.
    (b) Prohibition on Certain Recoveries.--Section 8 of the Securities 
Investor Protection Act of 1970 (15 U.S.C. 78fff-2) is amended by 
adding at the end the following new subsection:
    ``(g) Prohibition on Certain Recoveries.--Notwithstanding any other 
provision of this Act, a trustee may not recover any property 
transferred by the debtor to a customer before the filing date unless, 
at the time of such transfer, such customer--
            ``(1) knew the debtor was involved in fraudulent activity 
        with respect to any customer of the debtor; or
            ``(2) was a person that--
                    ``(A) was, or was required to be, registered with 
                the Securities and Exchange Commission under the 
                securities laws (as such term is defined under section 
                3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 
                78c(a)));
                    ``(B) knew, or should have known, that the debtor 
                was involved in fraudulent activity with respect to any 
                customer of the debtor; and
                    ``(C) did not notify SIPC, the Commission, or law 
                enforcement personnel that the debtor was involved in 
                such fraudulent activity.''.
    (c) Appointment of Trustees.--
            (1) In general.--Section 5(b)(3) of the Securities Investor 
        Protection Act of 1970 (15 U.S.C. 78eee(b)(3)) is amended to 
        read as follows:
            ``(3) Appointment of trustee and attorney.--
                    ``(A) In general.--If the court issues a protective 
                decree under paragraph (1), such court shall forthwith 
                appoint, as trustee for the liquidation of the business 
                of the debtor and as attorney for the trustee, such 
                persons as the court determines best fit to serve as 
                trustee and as attorney from among the persons selected 
                by the Commission pursuant to subparagraph (B). The 
                persons appointed as trustee and as attorney for the 
                trustee may be associated with the same firm.
                    ``(B) Commission candidates.--With respect to a 
                debtor and upon the court issuing a protective decree 
                under paragraph (1), the Commission shall forthwith 
                provide the court with a list of candidates for the 
                position of trustee and attorney for the trustee for 
                such debtor.
                    ``(C) Disinterest requirement.--No person may be 
                appointed to serve as trustee or attorney for the 
                trustee if such person is not disinterested within the 
                meaning of paragraph (6), except that for any specified 
                purpose other than to represent a trustee in conducting 
                a liquidation proceeding, the trustee may, with the 
                approval of SIPC and the court, employ an attorney who 
                is not disinterested.
                    ``(D) Qualification.--A trustee appointed under 
                this paragraph shall qualify by filing a bond in the 
                manner prescribed by section 322 of title 11, United 
                States Code.''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall take effect with respect to trustees and attorneys 
        appointed after the date of the enactment of this Act.

SEC. 3. EFFECTIVE DATE.

    Except as provided under section 2(c)(2), the amendments made by 
section 2 shall take effect with respect to a liquidation proceeding 
under the Securities Investor Protection Act of 1970 that--
            (1) was in progress on the date of the enactment of this 
        Act; or
            (2) is initiated after the date of the enactment of this 
        Act.

Answer: Equitable Treatment of Investors Act - Amends the Securities Investor Protection Act of 1970 to revise the definition of "net equity."

Declares also that, in determining net equity, the positions, options, and contracts of a customer held by the debtor, and any indebtedness of the customer to the debtor, shall be determined based on: (1) the information contained in the last statement received by the customer from the debtor before the filing date; and (2) any additional specific confirmations of the customer's positions, options, contracts, or indebtedness received after such last statement but before the filing date.

Prohibits reliance on the final statement of the debtor to customer, however, if the customer: (1) knew the debtor was involved in fraudulent activity with respect to any of its customers; or (2) as a registrant under the securities laws, or a person required to be so registered, knew, or should have known, that the debtor was involved in such a fraudulent activity and did not notify the Securities Investor Protection Corporation (SIPC), the Securities Exchange Commission (SEC), or law enforcement personnel that the debtor was so involved.

Prohibits a trustee in a liquidation proceeding from recovering any property transferred by the debtor to a customer before the filing date unless, at the time of such transfer, the customer meets the same critieria.

Transfers from SIPC to the SEC authority to nominate to a court persons for appointment as trustee for the liquidation of a debtor's business and as attorney for the trustee.


Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safe Roads for America Act of 
2011''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) An individual who is 65 years of age needs 4 times the 
        amount of light to see at night as compared to an individual 
        who is 25 years of age.
            (2) The AAA Foundation for Traffic Safety projects that by 
        2030 1 in every 4 drivers will be 65 years of age or older.
            (3) Increasing the retroreflectivity and size of traffic 
        signs provides added decision time for older drivers.
            (4) Increasing the retroreflectivity and size of traffic 
        signs also provides for faster response time by emergency 
        medical technicians and police and fire personnel by increasing 
        their ability to read and understand signs and reduce travel 
        time to a site.
            (5) More than 50 percent of traffic accidents resulting in 
        fatalities occur at night, and increased retroreflectivity of 
        traffic signs addresses this issue.
            (6) In 2007, the following deadlines were established in 
        the Manual on Uniform Traffic Control Devices in response to a 
        statutory requirement from Congress:
                    (A) By January 22, 2012, roadway owners must adopt 
                a plan to ensure that their signs meet minimum levels 
                of retroreflectivity.
                    (B) By January 22, 2015, regulatory and warning 
                signs and post-mounted signs must meet minimum levels 
                of retroreflectivity.
                    (C) By January 22, 2018, overhead and street name 
                signs must meet minimum levels of retroreflectivity.
            (7) The Federal Highway Administration has estimated that 
        the cost for making these retroreflectivity improvements for 
        signage throughout the United States is $37,000,000 over a 10-
        year period.
            (8) At no point must a roadway owner replace a sign that 
        meets the minimum levels of retroreflectivity.
            (9) The United States is currently experiencing the worst 
        economic conditions since the Great Depression.
            (10) As a result, local governments across the United 
        States are experiencing one of the most economically 
        challenging times in history, with available revenues unable to 
        match the costs of services demanded by the public.
            (11) To compensate for depressed revenue collections during 
        the economic downturn, counties and cities are adopting severe 
        cost-cutting measures, such as laying off and furloughing 
        employees (including public safety personnel), cancelling or 
        postponing planned capital improvements, deferring necessary 
        maintenance, cutting equipment inventories, and in some cases 
        declaring bankruptcy.
            (12) The costs of employee benefits continue to rise and 
        local governments have to devote more resources to keep up with 
        inflation.
            (13) States are passing along the costs of services to 
        local governments as a method to balance their budgets.
            (14) The outlook for recovery appears to be at least 5 
        years away given that, even when the economy recovers, local 
        governments experience a delay in increased tax collections due 
        to the nature of property tax collections.

SEC. 3. RETROREFLECTIVITY LEVEL STANDARDS APPLICABLE TO TRAFFIC SIGNS.

    (a) In General.--The Secretary of Transportation shall modify the 
target compliance dates for minimum retroreflectivity level standards 
set forth in section 2A.08 of the Manual on Uniform Traffic Control 
Devices for Streets and Highways, 2009 Edition (incorporated by 
reference in subpart F of part 655 of title 23, Code of Federal 
Regulations) so that the following target compliance dates apply:
            (1) A target compliance date of January 22, 2012, for 
        implementation and continued use of an assessment or management 
        method that is designed to maintain traffic sign 
        retroreflectivity at or above the established minimum levels.
            (2) A target compliance date of January 22, 2018, for 
        replacement of regulatory, warning, and post-mounted guide 
        (except street name) signs that are identified using the 
        assessment or management method as failing to meet the 
        established minimum levels.
            (3) A target compliance date of January 22, 2021, for 
        replacement of street name signs and overhead guide signs that 
        are identified using the assessment or management method as 
        failing to meet the established minimum levels.
    (b) Effect on Proposed Regulations.--The Secretary shall revise the 
notice of proposed amendments published in the Federal Register on 
August 31, 2011 (76 Fed. Reg. 54156), to incorporate the target 
compliance dates specified in subsection (a).
    (c) Funding.--The Secretary may use funds available to the 
Secretary to carry out this section notwithstanding any funding 
limitation enacted before the date of enactment of this Act.

SEC. 4. HIGHWAY SAFETY IMPROVEMENT PROGRAM.

    (a) Highway Signs and Pavement Markings.--Section 148(a)(3)(B)(xi) 
of title 23, United States Code, is amended to read as follows:
                            ``(xi) Installation, replacement, and 
                        upgrade of highway signs and pavement markings, 
                        including any upgrade of materials and the 
                        implementation of any assessment or management 
                        method designed to meet a State-established 
                        performance standard, Federal regulation, or 
                        requirement contained in the Manual on Uniform 
                        Traffic Control Devices relating to minimum 
                        levels of retroreflectivity.''.
    (b) Maintaining Minimum Levels of Retroreflectivity.--
            (1) Definition.--Section 148(a) of such title is amended by 
        adding at the end the following:
            ``(7) Project to maintain minimum levels of 
        retroreflectivity.--The term `project to maintain minimum 
        levels of retroreflectivity' means a project undertaken 
        pursuant to the Manual on Uniform Traffic Control Devices 
        requiring public agencies to use an assessment or management 
        method that is designed to maintain highway sign or pavement 
        marking retroreflectivity at or above prescribed minimum 
        levels.''.
            (2) Eligible projects.--Section 148(d)(1) of such title is 
        amended--
                    (A) by striking ``or'' at the end of subparagraph 
                (A);
                    (B) by redesignating subparagraph (B) as 
                subparagraph (C); and
                    (C) by inserting after subparagraph (A) the 
                following:
                    ``(B) any project to maintain minimum levels of 
                retroreflectivity on a public road, whether or not such 
                project is included in the State strategic highway 
                safety plan; or''.
            (3) Increased federal share.--The first sentence of section 
        120(c)(1) of such title is amended by inserting ``maintaining 
        minimum levels of retroreflectivity of highway signs or 
        pavement markings,'' after ``signalization,''.
    (c) Standards for Projects To Upgrade Highway Signs and Pavement 
Markings.--Section 148 of such title is amended by adding at the end 
the following:
    ``(i) Standards for Projects To Upgrade Highway Signs and Pavement 
Markings.--The Secretary shall issue standards for the use of funds 
apportioned to a State under section 104(b)(5) for highway safety 
improvement projects to upgrade highway signs and pavement markings in 
order to meet or exceed minimum maintained levels of retroreflectivity. 
Such standards shall ensure that the projects are carried out so as to 
meet defined criteria, consistent with other safety upgrades, using a 
systematic approach. Such standards shall permit the use of the funds 
for an initial upgrade of highway signs and pavement markings in the 
State, but shall prohibit the funds from being used for maintenance 
activities.''.

Answer: Safe Roads for America Act of 2011 - Requires the Secretary of Transportation to modify the target compliance dates for the following minimum retroreflectivity level standards: (1) implementation and continued use of an assessment or management method that is designed to maintain traffic sign retroreflectivity at or above the established minimum levels; (2) replacement of regulatory, warning, and post-mounted guide (except street name) signs identified using the assessment or management method as failing to meet the established minimum levels; and (3) replacement of street name signs and overhead guide signs that are identified using the assessment or management method as failing to meet the established minimum levels.

 Requires the Secretary to revise the notice of proposed amendments published in the Federal Register on August 31, 2011, to incorporate the new target compliance dates.

Includes measures designed to meet a state-established performance standard, federal regulation, or requirement contained in the Manual on Uniform Traffic Control Devices relating to minimum levels of retroreflectivity as projects for purposes of the highway safety improvement program.

Allows a maximum 100% federal share of the costs of construction related to maintaining minimum levels of retroreflectivity of highway signs or pavement markings.

Directs the Secretary to issue standards for the use of funds apportioned to a state for highway safety improvement projects to upgrade highway signs and pavement markings in order to meet or exceed minimum maintained levels of retroreflectivity. Requires such standards to prohibit fund use for maintenance activities.


Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Gas Price Spike Act of 2001''.

SEC. 2. WINDFALL PROFITS TAX.

    (a) In General.--Subtitle E of the Internal Revenue Code of 1986 
(relating to alcohol, tobacco, and certain other excise taxes) is 
amended by adding at the end thereof the following new chapter:

 ``CHAPTER 55--WINDFALL PROFIT ON CRUDE OIL, NATURAL GAS, AND PRODUCTS 
                                THEREOF

                              ``Sec. 5886. Imposition of tax.

``SEC. 5886. IMPOSITION OF TAX.

    ``(a) In General.--In addition to any other tax imposed under this 
title, there is hereby imposed an excise tax on the sale in the United 
States of any crude oil, natural gas, or other taxable product a tax 
equal to the applicable percentage of the windfall profit on such sale.
    ``(b) Definitions.--For purposes of this section--
            ``(1) Taxable product.--The term `taxable product' means 
        any fuel which is a product of crude oil or natural gas.
            ``(2) Windfall profit.--The term `windfall profit' means, 
        with respect to any sale, so much of the profit on such sale as 
        exceeds a reasonable profit.
            ``(3) Applicable percentage.--The term `applicable 
        percentage' means--
                    ``(A) 50 percent to the extent that the profit on 
                the sale exceeds 100 percent of the reasonable profit 
                on the sale but does not exceed 102 percent of the 
                reasonable profit on the sale,
                    ``(B) 75 percent to the extent that the profit on 
                the sale exceeds 102 percent of the reasonable profit 
                on the sale but does not exceed 105 percent of the 
                reasonable profit on the sale, and
                    ``(C) 100 percent to the extent that the profit on 
                the sale exceeds 105 percent of the reasonable profit 
                on the sale.
            ``(4) Reasonable profit.--The term `reasonable profit' 
        means the amount determined by the Reasonable Profits Board to 
        be a reasonable profit on the sale.
    ``(c) Liability for Payment of Tax.--The taxes imposed by 
subsection (a) shall be paid by the seller.''
    (b) Clerical Amendment.--The table of chapters for subtitle E of 
such Code is amended by adding at the end the following new item:

                              ``Chapter 55. Windfall profit on crude 
                                        oil and refined petroleum 
                                        products.''
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. CREDIT FOR PURCHASING FUEL EFFICIENT AMERICAN-MADE PASSENGER 
              VEHICLES.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to nonrefundable 
personal credits) is amended by inserting after section 25A the 
following new section:

``SEC. 25B. PURCHASE OF FUEL-EFFICIENT AMERICAN-MADE PASSENGER 
              VEHICLES.

    ``(a) In General.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this chapter for the 
taxable year an amount equal to the cost of any qualified passenger 
vehicle purchased by the taxpayer during the taxable year.
    ``(b) Maximum Credit.--The credit allowed by this section for the 
taxable year shall not exceed--
            ``(1) $3,000 in the case of a qualified passenger vehicle 
        not described in paragraph (2) or (3),
            ``(2) $4,500 in the case of a qualified passenger vehicle 
        the fuel economy of which is--
                    ``(A) in the case a truck or sport utility vehicle, 
                at least 45 miles per gallon but less than 55 miles per 
                gallon, and
                    ``(B) in any other case, at least 55 miles per 
                gallon but less than 65 miles per gallon, and
            ``(3) $6,000 in the case of a qualified passenger vehicle 
        the fuel economy of which is--
                    ``(A) in the case a truck or sport utility vehicle, 
                at least 55 miles per gallon, and
                    ``(B) in any other case, at least 65 miles per 
                gallon.
    ``(c) Qualified Passenger Vehicle.--For purposes of this section--
            ``(1) In general.--The term `qualified automobile' means 
        any automobile (as defined in section 4064(b))--
                    ``(A) which is purchased after the date of the 
                enactment of this section,
                    ``(B) which is assembled in the United States by 
                individuals employed under a collective bargaining 
                agreement,
                    ``(C) the original use of which begins with the 
                taxpayer,
                    ``(D) substantially all of the use of which is for 
                personal, nonbusiness purposes, and
                    ``(E) the fuel economy of such automobile is--
                            ``(i) at least 35 miles per gallon in the 
                        case a truck or sport utility vehicle, and
                            ``(ii) at least 45 miles per gallon in any 
                        other case.
            ``(2) Fuel economy.--Fuel economy shall be determined in 
        accordance with section 4064.
    ``(d) Special Rules.--
            ``(1) Basis reduction.--The basis of any property for which 
        a credit is allowable under subsection (a) shall be reduced by 
        the amount of such credit.
            ``(2) Property used outside united states not qualified.--
        No credit shall be allowed under subsection (a) with respect to 
        any property referred to in section 50(b).''
    (b) Clerical Amendment.--The table of sections for such subpart A 
is amended by inserting after the item relating to section 25A the 
following new item:

                              ``Sec. 25B. Purchase of fuel-efficient 
                                        American-made passenger 
                                        vehicles.''
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.

SEC. 4. MASS TRANSIT FARE REDUCTIONS DURING GAS PRICE SPIKES.

    (a) In General.--The Secretary of Transportation may make grants to 
the operator of a mass transit system to assist the operator in 
reducing fares paid by passengers using the system.
    (b) Use of Grants.--Grants received under the program shall be used 
solely for implementing a fare reduction described in subsection (a) 
that is applied equally to all passengers using the mass transit 
system.
    (c) Mass Transit System Defined.--In this section, the term ``mass 
transit system'' includes bus and commuter rail systems.
    (d) Authorization of Appropriations.--There is authorized to be 
appropriated to carry out this section in a fiscal year amounts 
equivalent to the excess (if any) of--
            (1) the revenues received during the preceding fiscal year 
        pursuant to chapter 55 of the Internal Revenue Code of 1986 
        (relating to windfall profit on crude oil and refined petroleum 
        products), over
            (2) the revenue cost for such fiscal year of section 25B of 
        such Code (relating to purchase of fuel-efficient American-made 
        passenger vehicles).
Amounts authorized under the preceding sentence shall remain available 
until expended.

SEC. 5. REASONABLE PROFITS BOARD.

    (a) Establishment.--There is established an independent board to be 
known as the ``Reasonable Profits Board'' (hereafter in this section 
referred to as the ``Board'').
    (b) Duties.--The Board shall make reasonable profit determinations 
for purposes of applying section 5886 of the Internal Revenue Code of 
1986 (relating to windfall profit on crude oil, natural gas, and 
products thereof).
    (c) Advisory Committee.--The Board shall be considered an advisory 
committee within the meaning of the Federal Advisory Committee Act (5 
U.S.C. App.).
    (d) Appointment.--
            (1) Members.--The Board shall be composed of 3 members 
        appointed by the President of the United States.
            (2) Term.--Members of the Board shall be appointed for a 
        term of 3 years.
            (3) Background.--The members shall have no financial 
        interests in any of the businesses for which reasonable profits 
        are determined by the Board.
    (e) Pay and Travel Expenses.--
            (1) Pay.--Notwithstanding section 7 of the Federal Advisory 
        Committee Act (5 U.S.C. App.), members of the Board shall be 
        paid at a rate equal to the daily equivalent of the minimum 
        annual rate of basic pay for level IV of the Executive Schedule 
        under section 5315 of title 5, United States Code, for each day 
        (including travel time) during which the member is engaged in 
        the actual performance of duties vested in the Board.
            (2) Travel expenses.--Members shall receive travel 
        expenses, including per diem in lieu of subsistence, in 
        accordance with section 5702 and 5703 of title 5, United States 
        Code.
    (f) Director of Staff.--
            (1) Qualifications.--The Board shall appoint a Director who 
        has no financial interests in any of the businesses for which 
        reasonable profits are determined by the Board.
            (2) Pay.--Notwithstanding section 7 of the Federal Advisory 
        Committee Act (5 U.S.C. App.), the Director shall be paid at 
        the rate of basic pay payable for level IV of the Executive 
        Schedule under section 5315 of title 5, United States Code.
    (g) Staff.--
            (1) Additional personnel.--The Director, with the approval 
        of the Board, may appoint and fix the pay of additional 
        personnel.
            (2) Appointments.--The Director may make such appointments 
        without regard to the provisions of title 5, United States 
        Code, governing appointments in the competitive service, and 
        any personnel so appointed may be paid without regard to the 
        provisions of chapter 51 and subchapter III of chapter 53 of 
        that title relating to classification and General Schedule pay 
        rates.
            (3) Detailees.--Upon the request of the Director, the head 
        of any Federal department or agency may detail any of the 
        personnel of that department or agency to the Board to assist 
        the Board in accordance with an agreement entered into with the 
        Board.
            (4) Assistance.--The Comptroller General of the United 
        States may provide assistance, including the detailing of 
        employees, to the Board in accordance with an agreement entered 
        into with the Board.
    (h) Other Authority.--
            (1) Experts and consultants.--The Board may procure by 
        contract, to the extent funds are available, the temporary or 
        intermittent services of experts or consultants pursuant to 
        section 3109 of title 5, United States Code.
            (2) Leasing.--The Board may lease space and acquire 
        personal property to the extent that funds are available.
    (i) Funding.--There are authorized to be appropriated such funds as 
are necessary to carry out this section.

SEC. 6. LOWER GASOLINE PRICES THROUGH TECHNOLOGY ACCESS.

    Section 308 of the Clean Air Act (42 U.S.C. 7608) is amended by 
striking ``or 202'' and inserting ``202, or 211''.

Answer:
Gas Price Spike Act of 2001 - Amends the Internal Revenue Code to impose an excise tax on the sale of any crude oil, natural gas, or products thereof a tax equal to the applicable percentage of the windfall profit on such sale. Defines "applicable percentage."Establishes a credit for the purchase of U.S.- made fuel efficient passenger vehicles.Authorizes the Secretary of Transportation to make grants to the operator of a mass transit system to assist the operator in reducing fares paid by passengers using the system which shall be paid for by revenues from the windfall profits tax.Establishes an independent board to be known as the Reasonable Profits Board to make reasonable profit determinations with respect to the windfall profit tax.