110 HR 1712 IH: Research and Development Tax Credit

U.S. House of Representatives
2007-03-27
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

		I
		110th CONGRESS
		1st Session
		H. R. 1712
		IN THE HOUSE OF REPRESENTATIVES

			March 27, 2007
			Ms. Eddie Bernice Johnson of
			 Texas introduced the following bill; which was referred to the
			 Committee on Ways and
			 Means

		A BILL
		To amend the Internal Revenue Code of 1986 to provide
		  incentives to improve America’s research competitiveness, and for other
		  purposes.

		1.Short titleThis Act may be cited as
			 theResearch and Development Tax Credit
			 Act of 2007.
		2.Simplification of
			 research and development credit
			(a)Simplified
			 Credit for Qualified Research Expenses
				(1)In
			 generalSubsection (a) of section 41 of the Internal Revenue Code
			 of 1986 (relating to credit for increasing research activities) is amended to
			 read as follows:

						(a)Determination of
				Credit
							(1)In
				generalFor purposes of section 38, the research credit
				determined under this section for the taxable year shall be equal to 20 percent
				of so much of the qualified research expenses for such taxable year as exceeds
				50 percent of the average qualified research expenses for the 3 taxable years
				preceding the taxable year for which the credit is being determined.
							(2)Special rule in
				case of no qualified research expenses in any of 3 preceding taxable
				years
								(A)Taxpayers to
				which paragraph appliesThe credit under this section shall be
				determined under this paragraph if the taxpayer has no qualified research
				expenses in at least 1 of the 3 taxable years preceding the taxable year for
				which the credit is being determined.
								(B)Credit
				rateThe credit determined under this paragraph shall be equal to
				10 percent of the qualified research expenses for the taxable
				year.
								.
				(2)Conforming
			 amendmentSection 41 of such Code, as amended by section 104 of
			 division A of the Tax Relief and Health Care Act of 2006, is amended by
			 striking subsection (c).
				(b)Uniform
			 Reimbursement Rates for All Contract Research Expenses Other Than Amounts Paid
			 for Basic Research
				(1)In
			 generalSection 41(b)(3) of the Internal Revenue Code of 1986
			 (relating to contract research expenses) is amended—
					(A)by striking
			 65 percent and inserting 80 percent, and
					(B)by striking
			 subparagraphs (C) and (D).
					(2)Basic research
			 paymentsSection 41(b) of such Code is amended by redesignating
			 paragraph (4) as paragraph (5) and by inserting after paragraph (3) the
			 following new paragraph:

						(4)Basic research
				payments
							(A)In
				generalIn the case of basic research payments by the taxpayer,
				paragraph (3)(A) shall be applied by substituting 100 percent
				for 80 percent.
							(B)Basic research
				payments definedFor purposes of this paragraph—
								(i)In
				generalThe term basic research payment means, with
				respect to any taxable year, any amount paid in cash during such taxable year
				by a corporation to any qualified organization for basic research but only
				if—
									(I)such payment is
				pursuant to a written agreement between such corporation and such qualified
				organization, and
									(II)such basic
				research is to be performed by such qualified organization.
									(ii)Exception to
				requirement that research be performed by the organizationIn the
				case of a qualified organization described in clause (iii) or (iv) of
				subparagraph (C), subclause (II) of clause (i) shall not apply.
								(C)Qualified
				organizationFor purposes of this paragraph, the term
				qualified organization means any of the following
				organizations:
								(i)Educational
				institutionsAny educational organization which—
									(I)is an institution
				of higher education (within the meaning of section 3304(f)), and
									(II)is described in
				section 170(b)(1)(A)(ii).
									(ii)Certain
				scientific research organizationsAny organization not described
				in clause (i) which—
									(I)is described in
				section 501(c)(3) and is exempt from tax under section 501(a),
									(II)is organized and
				operated primarily to conduct scientific research, and
									(III)is not a private
				foundation.
									(iii)Scientific
				tax-exempt organizationsAny organization which—
									(I)is described in
				section 501(c)(3) (other than a private foundation) or section
				501(c)(6),
									(II)is exempt from
				tax under section 501(a),
									(III)is organized and
				operated primarily to promote scientific research by qualified organizations
				described in clause (i) pursuant to written research agreements, and
									(IV)currently expends
				substantially all of its funds or substantially all of the basic research
				payments received by it for grants to, or contracts for basic research with, an
				organization described in clause (i).
									(iv)Certain grant
				organizationsAny organization not described in clause (ii) or
				(iii) which—
									(I)is described in
				section 501(c)(3) and is exempt from tax under section 501(a) (other than a
				private foundation),
									(II)is established
				and maintained by an organization established before July 10, 1981, which meets
				the requirements of subclause (I),
									(III)is organized and
				operated exclusively for the purpose of making grants to organizations
				described in clause (i) pursuant to written research agreements for purposes of
				basic research, and
									(IV)makes an election,
				revocable only with the consent of the Secretary, to be treated as a private
				foundation for purposes of this title (other than section 4940, relating to
				excise tax based on investment income).
									(D)Definitions and
				special rulesFor purposes of this paragraph—
								(i)Basic
				researchThe term basic research means any original
				investigation for the advancement of scientific knowledge not having a specific
				commercial objective, except that such term shall not include—
									(I)basic research
				conducted outside of the United States, and
									(II)basic research in
				the social sciences, arts, or humanities.
									(ii)Trade or
				business qualificationFor purposes of applying paragraph (1) to
				this paragraph, any basic research payments shall be treated as an amount paid
				in carrying on a trade or business of the taxpayer in the taxable year in which
				it is paid (without regard to the provisions of paragraph (3)(B)).
								(iii)Certain
				corporations not eligibleThe term corporation shall
				not include—
									(I)an S
				corporation,
									(II)a personal
				holding company (as defined in section 542), or
									(III)a service
				organization (as defined in section
				414(m)(3)).
									.
				(3)Conforming
			 amendments
					(A)Section 41 of such
			 Code is amended by striking subsection (e).
					(B)Section 41(f) of
			 such Code is amended by striking paragraph (6).
					(c)Permanent
			 Extension of Credit
				(1)In
			 generalSection 41 of the Internal Revenue Code of 1986 is
			 amended by striking subsection (h).
				(2)Conforming
			 amendmentParagraph (1) of section 45C(b) of such Code is amended
			 by striking subparagraph (D).
				(d)Conforming
			 Amendments
				(1)Section 41 of the
			 Internal Revenue Code of 1986 is amended by redesignating subsections (d), (f),
			 and (g) as subsections (c), (d), and (e), respectively.
				(2)Paragraphs (2)(A)
			 and (5) (as redesignated by subsection (b)(2)) of section 41(b) of such Code
			 are each amended by striking subsection (f)(1) and inserting
			 subsection (d)(1).
				(3)Sections
			 45C(d)(3), 45G(e)(2), and 936(h)(5)(C)(i)(IV)(c) of such Code are each amended
			 by striking section 41(f) and inserting section
			 41(d).
				(4)Section
			 54(l)(3)(A) of such Code is amended by striking section 41(g)
			 and inserting section 41(e).
				(5)Section
			 170(e)(4)(B)(i) of such Code is amended by striking subparagraph (A) or
			 subparagraph (B) of section 41(e)(6) and inserting clause (i) or
			 (ii) of section 41(b)(4)(C).
				(6)Sections
			 197(f)(1)(C), 197(f)(9)(C)(i)(II), and 280C(b)(3) of such Code are each amended
			 by striking section 41(f)(1) and inserting section
			 41(d)(1).
				(7)Section 280C(b)(3)
			 of such Code is amended by striking section 41(f)(5) and
			 inserting section 41(d)(5).
				(8)Section 280C(b)(3)
			 of such Code is amended by striking section 41(f)(1)(B) and
			 inserting section 41(d)(1)(B).
				(9)Section 280C(c)(1)
			 of such Code is amended by striking section 41(e)(2) and
			 inserting section 41(b)(4)(B).
				(10)Section
			 280C(c)(2)(A) of such Code is amended by striking section
			 41(a)(1) and inserting section 41(a).
				(11)Sections
			 936(j)(5)(D) and 965(c)(2)(C)(i) of such Code are each amended by striking
			 section 41(f)(3) and inserting section
			 41(d)(3).
				(e)Effective
			 DateThe amendments made by this section shall apply to taxable
			 years beginning after December 31, 2007.
			(f)Study of
			 Compliance With Substantiation RequirementsThe Secretary of the
			 Treasury or his delegate shall, not later than 1 year after the date of the
			 enactment of this Act, conduct a study of taxpayer compliance with the
			 substantiation requirements for claiming the credit allowed under section 41 of
			 the Internal Revenue Code of 1986, including a study of—
				(1)whether taxpayers
			 maintain adequate record keeping to determine eligibility for, and correct
			 amount of, the credit,
				(2)the impact of
			 failure to comply with such requirements on the oversight and enforcement
			 responsibilities of the Internal Revenue Service, and
				(3)the burdens
			 imposed on other taxpayers by failure to comply with such requirements.
				The
			 Secretary shall report the results of such study to the Committee on Ways and
			 Means of the House of Representatives and the Committee on Finance of the
			 Senate, including any recommendations for administrative or legislative actions
			 which could be taken to improve compliance with such requirements.3.Tax credit for
			 investments in small technology innovation companies
			(a)In
			 GeneralSubpart 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 new
			 section:

					45N.Research
				investment tax credit
						(a)Allowance of
				Credit
							(1)In
				generalFor purposes of section 38, in the case of a taxpayer who
				holds a qualified equity investment on a credit allowance date of such
				investment which occurs during the taxable year, the research investment tax
				credit determined under this section for such taxable year is an amount equal
				to the 5 percent of the amount paid to the qualified research entity for such
				investment at its original issue.
							(2)Credit allowance
				dateFor purposes of paragraph (1), the term credit
				allowance date means, with respect to any qualified equity
				investment—
								(A)the date on which
				such investment is initially made, and
								(B)each of the 4
				anniversary dates of such date thereafter.
								(b)Qualified Equity
				InvestmentFor purposes of this section—
							(1)In
				generalThe term qualified equity investment means
				any equity investment in a qualified research entity if—
								(A)such investment is
				acquired by the taxpayer at its original issue (directly or through an
				underwriter) solely in exchange for cash,
								(B)substantially all
				of such cash is used by the qualified research entity to make qualified
				research investments, and
								(C)such investment is
				designated for purposes of this section by the qualified research
				entity.
								Such term
				shall not include any equity investment issued by a qualified research entity
				more than 5 years after the date that such entity receives an allocation under
				subsection (e). Any allocation not used within such 5-year period may be
				reallocated by the Secretary under subsection (e).(2)LimitationThe
				maximum amount of equity investments issued by a qualified research entity
				which may be designated under paragraph (1)(C) by such entity shall not exceed
				the portion of the limitation amount allocated under subsection (f) to such
				entity.
							(3)Safe harbor for
				determining use of cashThe requirement of paragraph (1)(B) shall
				be treated as met if at least 85 percent of the aggregate gross assets of the
				qualified research entity are invested in qualified research
				investments.
							(4)Treatment of
				subsequent purchasersThe term qualified research
				investment includes any equity investment which would (but for paragraph
				(1)(A)) be a qualified equity investment in the hands of the taxpayer if such
				investment was a qualified equity investment in the hands of a prior
				holder.
							(5)RedemptionsA
				rule similar to the rule of section 1202(c)(3) shall apply for purposes of this
				subsection.
							(6)Equity
				investmentThe term equity investment means—
								(A)any stock (other
				than nonqualified preferred stock as defined in section 351(g)(2)) in an entity
				which is a corporation, and
								(B)any capital
				interest in an entity which is a partnership.
								(c)Qualified
				Research EntityFor purposes of this section, the term
				qualified research entity means any domestic corporation or
				partnership if—
							(1)the primary
				mission of the entity is serving, or providing investment capital for,
				qualifying small business innovation companies,
							(2)the entity
				maintains accountability to engineers, scientists, and other research-related
				professionals through their representation on any governing board of the entity
				or on any advisory board to the entity, and
							(3)the entity is
				certified by the Secretary for purposes of this section as being a qualified
				research entity.
							(d)Qualified
				Research InvestmentsFor purposes of this section—
							(1)In
				generalThe term qualified research investment
				means—
								(A)any capital or
				equity investment in, or loan to, any qualifying small business innovation
				company, which when added to any other such investment in or loan to such
				company taken into account for purposes of this section for any taxable year
				does not exceed $10,000,000, and
								(B)the purchase from
				another qualified research entity of any loan made by such entity which is a
				qualified research investment.
								(2)Qualifying small
				business innovation company
								(A)In
				generalFor purposes of paragraph (1), the term qualifying
				small business innovation company means, with respect to any taxable
				year, any corporation (including a nonprofit corporation) or partnership if for
				such year—
									(i)the gross receipts
				of such entity do not exceed $10,000,000,
									(ii)the aggregate
				gross assets of such entity do not exceed $25,000,000, and
									(iii)at least 50
				percent of the gross expenditures of such entity would qualify as research or
				experimental expenditures under section 174.
									All
				persons treated as a single employer under subsection (a) or (b) of section 52
				or subsection (m) or (o) of section 414 shall be treated as one person for
				purposes of this subparagraph.(B)Aggregate gross
				assetsFor purposes of subparagraph (A)(ii), the term
				aggregate gross assets shall have meaning given such term by
				section 1202(d)(2), except such term shall not include intangibles and
				goodwill.
								(e)National
				Limitation on Amount of Investments Designated
							(1)In
				generalThere is a research investment tax credit limitation for
				each calendar year. Such limitation is—
								(A)$500,000,000 for
				2007,
								(B)$750,000,000 for
				2008 and 2009, and
								(C)$1,000,000,000 for
				2010 and 2011.
								(2)Allocation of
				limitationThe limitation under paragraph (1) shall be allocated
				by the Secretary among qualified research entities selected by the Secretary,
				with not more than $25,000,000 allocated to any 1 qualified research entity in
				any calendar year. In making allocations under the preceding sentence, the
				Secretary shall give priority to any entity—
								(A)with a record of
				having successfully provided capital or technical assistance to qualifying
				small business innovation companies, or
								(B)which intends to
				satisfy the requirement under subsection (b)(1)(B) by making qualified research
				investments in 1 or more companies in which persons unrelated to such entity
				(within the meaning of section 267(b) or 707(b)(1)) hold the majority equity
				interest, and
								if more
				than 1 qualified research entity meets subparagraph (A) or (B), the Secretary
				shall give priority to the entity with the earliest investment. If insufficient
				allocations are available for all qualified applicants in any calendar year,
				the priorities established for such applicants without allocations shall be
				carried over to the succeeding calendar year.(3)Carryover of
				unused limitationIf the research investment tax credit
				limitation for any calendar year exceeds the aggregate amount allocated under
				paragraph (2) for such year, such limitation for the succeeding calendar year
				shall be increased by the amount of such excess. No amount may be carried under
				the preceding sentence to any calendar year after 2018.
							(f)Recapture of
				Credit in Certain Cases
							(1)In
				generalIf, at any time during the 7-year period beginning on the
				date of the original issue of a qualified equity investment in a qualified
				research entity, there is a recapture event with respect to such investment,
				then the tax imposed by this chapter for the taxable year in which such event
				occurs shall be increased by the credit recapture amount.
							(2)Credit recapture
				amountFor purposes of paragraph (1), the credit recapture amount
				is an amount equal to the sum of—
								(A)the aggregate
				decrease in the credits allowed to the taxpayer under section 38 for all prior
				taxable years which would have resulted if no credit had been determined under
				this section with respect to such investment, plus
								(B)interest at the
				underpayment rate established under section 6621 on the amount determined under
				subparagraph (A) for each prior taxable year for the period beginning on the
				due date for filing the return for the prior taxable year involved.
								No
				deduction shall be allowed under this chapter for interest described in
				subparagraph (B).(3)Recapture
				eventFor purposes of paragraph (1), there is a recapture event
				with respect to an equity investment in a qualified research entity if—
								(A)such entity ceases
				to be a qualified research entity,
								(B)the proceeds of
				the investment cease to be used as required of subsection (b)(1)(B), or
								(C)such investment is
				redeemed by such entity.
								(4)Special
				rules
								(A)Tax benefit
				ruleThe tax for the taxable year shall be increased under
				paragraph (1) only with respect to credits allowed by reason of this section
				which were used to reduce tax liability. In the case of credits not so used to
				reduce tax liability, the carryforwards and carrybacks under section 39 shall
				be appropriately adjusted.
								(B)No credits
				against taxAny increase in tax under this subsection shall not
				be treated as a tax imposed by this chapter for purposes of determining the
				amount of any credit under this chapter or for purposes of section 55.
								(g)RegulationsThe
				Secretary shall prescribe such regulations as may be appropriate to carry out
				this section, including regulations—
							(1)which prevent the
				abuse of the purposes of this section,
							(2)which provide
				rules for determining whether the requirement of subsection (b)(1)(B) is
				treated as met,
							(3)which impose
				appropriate reporting requirements, and
							(4)which apply the
				provisions of this section to newly formed
				entities.
							.
			(b)Credit Treated
			 as Business CreditSection 38(b) of the Internal Revenue Code of
			 1986 (relating to current year business credit) is amended by striking
			 and at the end of paragraph (29), by striking the period at the
			 end of paragraph (30) and inserting , plus, and by adding at the
			 end the following new paragraph:

					(31)the credit
				determined under section
				45N(a).
					.
			(c)Conforming
			 AmendmentThe 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 new item:

						Sec. 45N. Research investment tax
				credit.

					.
			(d)Effective
			 DateThe amendments made by this section shall apply to
			 investments made after December 31, 2006.
			4.Tax-exempt
			 financing of research park facilities
			(a)In
			 GeneralSubsection (a) of section 142 is amended—
				(1)by striking
			 or at the end of paragraph (14),
				(2)by striking the
			 period at the end of paragraph (15) and inserting , or,
			 and
				(3)by inserting at
			 the end the following new paragraph:

						(16)research park
				facility.
						.
				(b)DefinitionSection
			 142 is amended by inserting at the end the following new subsection:

					(n)Research Park
				FacilityFor purposes of subsection (a)(16), the term
				research park facility means a facility (including buildings,
				land, or other structures) which is used in connection with research and
				experimentation (as defined in section 168(i)(11)). For purposes of the
				preceding sentence, such term includes facilities which are directly related
				and ancillary to a research park facility (determined without regard to this
				sentence) if—
						(1)such facilities
				are located on the same site as the research park facility, and
						(2)not more than 25
				percent of the net proceeds of the issue are used to provide such
				facilities.
						.
			(c)Effective
			 DateThe amendments made by this section shall apply with respect
			 to bonds issued on or after the date of the enactment of this Act.
			5.Clarification of
			 application of private activity bond rules with respect to funding of Federal
			 research agreementsNot later
			 than June 30, 2007, the Secretary of the Treasury shall prescribe guidance
			 identifying the circumstances, if any, in which the rights of the Federal
			 Government granted under chapter 18 of title 35, United States Code (commonly
			 known as the Bayh-Dole Act (Pub. Law No. 96–517)) constitute private business
			 use under the private activity bond rules in section 141 of the Internal
			 Revenue Code of 1986.


110 HR 2159 IH: Rural Health Services Preservation Act

U.S. House of Representatives
2007-05-03
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

		I
		110th CONGRESS
		1st Session
		H. R. 2159
		IN THE HOUSE OF REPRESENTATIVES

			May 3, 2007
			Mr. Kind (for himself
			 and Mrs. McMorris Rodgers) introduced
			 the following bill; which was referred to the
			 Committee on Ways and
			 Means, and in addition to the Committee on
			 Energy and Commerce, for
			 a period to be subsequently determined by the Speaker, in each case for
			 consideration of such provisions as fall within the jurisdiction of the
			 committee concerned

		A BILL
		To amend part C of title XVIII of the Social Security Act
		  to provide for a minimum payment rate by Medicare Advantage organizations for
		  services furnished by a critical access hospital and a rural health clinic
		  under the Medicare Program.

		1.Short titleThis Act may be cited as the
			 Rural Health Services Preservation Act
			 of 2007.
		2.Minimum payment
			 rate by Medicare Advantage organizations for services furnished by a critical
			 access hospital and a rural health clinic
			(a)In
			 generalSection 1857(e) of the Social Security Act (42 U.S.C.
			 1395w–27(e)) is amended by adding at the end the following:

					(4)Minimum payment
				rate for services furnished by a critical access hospital and a rural health
				clinicA contract under this section between an MA organization
				and the Secretary for the offering of an MA plan shall require the organization
				to provide for a payment rate under the plan for inpatient and outpatient
				critical access hospital services and rural health clinic services furnished to
				enrollees of the plan and for extended care services furnished by a critical
				access hospital under an agreement entered into under section 1883 to such
				enrollees (whether or not the services are furnished pursuant to an agreement
				between such organization and a critical access hospital or a rural health
				clinic) that is not less than—
						(A)the applicable
				payment rate established under part A or part B (which includes the payment of
				an interim rate and a subsequent cost reconciliation) with respect to the
				critical access hospital for such inpatient, outpatient, and extended care
				services or the rural health clinic for such rural health clinic services;
				or
						(B)if the critical
				access hospital or the rural health clinic determines appropriate, 103 percent
				of the applicable interim payment rate established under part A or part B with
				respect to the critical access hospital for such inpatient, outpatient, and
				extended care services or the rural health clinic for such rural health clinic
				services.
						.
			(b)Effective
			 dateThe amendments made by
			 this section shall apply to Medicare Advantage contract years beginning on or
			 after January 1, 2008.


110 HR 6315 IH: To authorize United States participation in, and

U.S. House of Representatives
2008-06-19
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

		I
		110th CONGRESS
		2d Session
		H. R. 6315
		IN THE HOUSE OF REPRESENTATIVES

			June 19, 2008
			Ms. Moore of
			 Wisconsin (for herself, Mr.
			 Israel, Mr. Frank of
			 Massachusetts, and Mr.
			 Shays) introduced the following bill; which was referred to the
			 Committee on Financial
			 Services

		A BILL
		To authorize United States participation in, and
		  appropriations for the United States contribution to, an international clean
		  technology fund, and for other purposes.

		1.International clean
			 technology fund
			(a)In
			 generalThe Bretton Woods
			 Agreements Act (22 U.S.C. 286–286oo) is amended by adding at the end the
			 following:

					64.Clean technology
				fund
						(a)Contribution
				authorityThe Secretary of
				the Treasury may contribute on behalf of the United States $400,000,000 to a
				fund which meets the requirements of subsection (b) (in this section referred
				to as the Fund).
						(b)RequirementsThe
				requirements of this subsection are as follows:
							(1)AdministrationThe
				Fund is established and administered by the Bank.
							(2)PurposeThe
				purpose of the Fund is to promote accelerated deployment in developing
				countries of technologies designed to reduce greenhouse gas emissions by
				providing funds, primarily through multilateral development banks to promising
				projects in developing countries.
							(3)Coordination with
				the United Nations Framework on Climate Change
								(A)In
				generalThe Bank is required to operate the Fund in a manner that
				is fully consistent and supportive of the United Nations Framework on Climate
				Change (in this paragraph referred to as the UNFCCC).
								(B)Termination of
				operationsThe Bank is
				required to take necessary steps to conclude the operations of the Fund
				(including by not entering into new agreements for contributions to the Fund)
				on the commencement of operations of an international clean technology fund
				provided for the UNFCCC, unless the UNFCCC provides for continuation of the
				operations.
								(4)Authority to
				hold undisbursed funds in interest-bearing accountsPending
				disbursement from the Fund of amounts provided under this section, the Bank has
				the authority to hold the amounts in interest-bearing accounts of the
				Fund.
							(c)Limitations on
				authorization of appropriationsFor the contribution authorized by
				subsection (a), there are appropriated not more than $400,000,000 for fiscal
				year 2009.
						(d)Support of zero
				carbon and cleaner technologiesThe Secretary of the Treasury
				shall seek to ensure that—
							(1)the priorities of
				the Fund include supporting zero carbon technologies, and
				improvements in energy efficiency in existing infrastructure that demonstrate
				an ability to be transformational in support of a country’s path toward low
				carbon development;
							(2)the disbursement
				of amounts in the Fund demonstrate a preference for zero carbon
				technologies; and
							(3)funding from the
				Fund is provided to close the gap between higher cost, cleaner technologies and
				lower cost technologies.
							(e)Coordination
				with the International Clean Energy FoundationThe Secretary of
				the Treasury shall seek to ensure that the duties and activities of the Fund
				are complementary to the duties and activities of the International Clean
				Energy Foundation as established by the Energy Independence and Security Act of
				2007 (Public Law
				110–140).
						.
			(b)Report to the
			 CongressWithin 180 days
			 after the date of the enactment of this Act, the Secretary of the Treasury
			 shall submit to the Congress a report on the operations of any fund to which
			 amounts made available under section 64 of the Bretton Woods Agreements Act are
			 provided, including a description of—
				(1)any projects for
			 which amounts have been disbursed from the fund;
				(2)the effects
			 expected by the Secretary of each such project on the overall greenhouse gas
			 emissions from the country in which the project is being carried out;
				(3)the criteria and
			 methodology used to determine the eligibility of proposed projects for funding
			 from the fund;
				(4)the progress made
			 in commencing operations of the fund, including any remaining obstacles to the
			 operations; and
				(5)any project for which amounts have been
			 disbursed from the fund which support coal or coal-related technologies, and a
			 justification for support for the project from the fund, including a
			 description of—
					(A)the
			 transformational nature of the project;
					(B)how the project is
			 consistent with the national low carbon strategy of the country
			 involved;
					(C)the degree to
			 which the project reduced GHG emissions; and
					(D)the degree to
			 which the technology was a higher cost technology relative to other available
			 technologies.
					(c)Sense of the
			 CongressIt is the sense of the Congress that small and
			 medium-sized enterprises—
				(1)are an important
			 source of technological innovation and economic development globally;
				(2)can and should
			 play an important role in the dissemination and implementation of innovative
			 clean technologies in developing countries; and
				(3)should be
			 supported through any fund referred to in subsection (b).
				2.Use of greenhouse
			 gas accounting by the multilateral development banksTitle XIII of the International Financial
			 Institutions Act (22 U.S.C. 26m–262m–7) is amended by adding at the end the
			 following:

				1308.Use of
				greenhouse gas accounting by the multilateral development banks
					(a)In
				generalThe Secretary of the
				Treasury shall seek to ensure that each multilateral development bank (as
				defined in section 1701(c)(4)) adopts and implements Greenhouse Gas (GHG)
				accounting in analyzing the benefits and costs of all projects for which
				funding is sought from the bank.
					(b)Sense of the
				CongressIt is the sense of the Congress that adopting and
				implementing GHG accounting includes—
						(1)calculating net
				carbon flows;
						(2)establishing
				uniform calculation techniques, with provision for modification as professional
				standards evolve;
						(3)making public the
				calculation techniques and the calculations;
						(4)adopting and
				making public a uniform carbon charge rate which appropriately reflects the
				global social cost of a unit of carbon emissions; and
						(5)performing carbon
				GHG accounting, including a full carbon charge for each project, defined as the
				net carbon flow multiplied by the carbon charge
				rate.
						.


		III
		112th CONGRESS
		2d Session
		H. R. 306
		IN THE SENATE OF THE UNITED
		  STATES

			February 7, 2012
			Received; read twice and referred to the
			 Committee on Energy and Natural
			 Resources

			March 21, 2012
			Committee discharged; referred to the
			 Committee on Environment and Public
			 Works

		AN ACT
		To direct the Secretary of the Interior to
		  enter into an agreement to provide for management of the free-roaming wild
		  horses in and around the Currituck National Wildlife Refuge.

		1.Short titleThis Act may be cited as the
			 Corolla Wild Horses Protection
			 Act.
		2.Wild horses in and
			 around the Currituck National Wildlife Refuge
			(a)Agreement
			 required
				(1)In
			 generalThe Secretary of the Interior shall enter into an
			 agreement with the Corolla Wild Horse Fund (a nonprofit corporation established
			 under the laws of the State of North Carolina), the County of Currituck, North
			 Carolina, and the State of North Carolina within 180 days after the date of
			 enactment of this Act to provide for management of free-roaming wild horses in
			 and around the Currituck National Wildlife Refuge.
				(2)TermsThe
			 agreement shall—
					(A)allow a herd of
			 not less than 110 and not more than 130 free-roaming wild horses in and around
			 such refuge, with a target population of between 120 and 130 free-roaming wild
			 horses;
					(B)provide for
			 cost-effective management of the horses while ensuring that natural resources
			 within the refuge are not adversely impacted;
					(C)provide for introduction of a small number
			 of free-roaming wild horses from the herd at Cape Lookout National Seashore as
			 is necessary to maintain the genetic viability of the herd in and around the
			 Currituck National Wildlife Refuge; and
					(D)specify that the Corolla Wild Horse Fund
			 shall pay the costs associated with—
						(i)coordinating a
			 periodic census and inspecting the health of the horses;
						(ii)maintaining
			 records of the horses living in the wild and in confinement;
						(iii)coordinating the
			 removal and placement of horses and monitoring of any horses removed from the
			 Currituck County Outer Banks; and
						(iv)administering a
			 viable population control plan for the horses including auctions, adoptions,
			 contraceptive fertility methods, and other viable options.
						(b)Conditions for
			 excluding wild horses from refugeThe Secretary shall not exclude
			 free-roaming wild horses from any portion of the Currituck National Wildlife
			 Refuge unless—
				(1)the Secretary
			 finds that the presence of free-roaming wild horses on a portion of the Refuge
			 threatens the survival of an endangered species for which such land is
			 designated as critical habitat under the Endangered Species Act of 1973 (16
			 U.S.C. 1531 et seq.);
				(2)such finding is
			 based on a credible peer-reviewed scientific assessment; and
				(3)the Secretary
			 provides a period of public notice and comment on that finding.
				(c)Requirements for
			 introduction of horses from Cape Lookout National SeashoreDuring the effective period of the
			 memorandum of understanding between the National Park Service and the
			 Foundation for Shackleford Horses, Inc. (a non-profit corporation organized
			 under the laws of and doing business in the State of North Carolina) signed in
			 2007, no horse may be removed from Cape Lookout National Seashore for
			 introduction at Currituck National Wildlife Refuge except—
				(1)with the approval of the Foundation;
			 and
				(2)consistent with the terms of such
			 memorandum (or any successor agreement) and the Management Plan for the
			 Shackleford Banks Horse Herd signed in January 2006 (or any successor
			 management plan).
				(d)No liability
			 createdNothing in this
			 section shall be construed as creating liability for the United States for any
			 damages caused by the free-roaming wild horses to any person or property
			 located inside or outside the boundaries of the refuge.

			Passed the House of
			 Representatives February 6, 2012.
			Karen L. Haas,
			Clerk.


110 HR 6473 IH: To amend the Energy Policy and Conservation Act to modify the conditions for the release of products from the Northeast Home Heating Oil Reserve Account, and for other purposes.
U.S. House of Representatives
2008-07-10
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I
110th CONGRESS
2d Session
H. R. 6473
IN THE HOUSE OF REPRESENTATIVES

July 10, 2008
Mr. Hodes (for himself, Mr. Michaud, Mr. Allen, Mr. Kanjorski, Mr. Hinchey, Mr. LoBiondo, Mr. McHugh, Mr. Langevin, Mr. Sestak, Mr. Delahunt, and Mr. Welch of Vermont) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL
To amend the Energy Policy and Conservation Act to modify the conditions for the release of products from the Northeast Home Heating Oil Reserve Account, and for other purposes.

1.Release of products from Northeast Home Heating Oil Reserve AccountSection 183 of the Energy Policy and Conservation Act (42 U.S.C. 6250b) is amended by striking subsection (a) and inserting the following:

(a)Findings
(1)Optional releases
(A)In generalSubject to paragraph (2), the Secretary may sell products from the Reserve only on a finding by the President that—
(i)there is a severe energy supply interruption; or
(ii)the price of home heating oil threatens the health and safety of residents of the Northeast.
(B)RequirementThe President may make a finding under subparagraph (A) only if the President determines that—
(i)a dislocation in the heating oil market has resulted from an interruption described in subparagraph (A)(i);
(ii)the price of home heating oil has increased by such an extent that the Northeast is experiencing, or will experience, an emergency situation that threatens the safety and health of residents of the Northeast; or
(iii)
(I)a circumstance (other than a circumstance described in clause (i) or (ii)) exists that constitutes a regional supply shortage of significant scope and duration; and
(II)action taken under this section would assist directly and significantly in reducing the adverse impact of the shortage.
(2)Mandatory releases
(A)In generalFor each fiscal year, the Secretary shall sell—
(i)20 percent of the quantity of products in the Reserve as of November 1 of that fiscal year, on a finding by the President that the average retail price of No. 2 heating oil in the Northeast (as reported in the retail price data of the Energy Information Administration for the Northeast) is equal to or more than $4.00 per gallon on November 1 of that fiscal year;
(ii)20 percent of the quantity of products in the Reserve as of November 1 of that fiscal year, on a finding by the President that the average retail price of No. 2 heating oil in the Northeast (as so reported) is equal to or more than $4.00 per gallon on December 1 of that fiscal year;
(iii)20 percent of the quantity of products in the Reserve as of November 1 of that fiscal year, on a finding by the President that the average retail price of No. 2 heating oil in the Northeast (as so reported) is equal to or more than $4.00 per gallon on January 1 of that fiscal year;
(iv)20 percent of the quantity of products in the Reserve as of November 1 of that fiscal year, on a finding by the President that the average retail price of No. 2 heating oil in the Northeast (as so reported) is equal to or more than $4.00 per gallon on February 1 of that fiscal year; and
(v)20 percent of the quantity of products in the Reserve as of November 1 of that fiscal year, on a finding by the President that the average retail price of No. 2 heating oil in the Northeast (as so reported) is equal to or more than $4.00 per gallon on March 1 of that fiscal year.
(B)Use of revenueThe Secretary shall use any revenue derived from the sale of products in the Reserve under subparagraph (A) as follows:
(i)50 percent shall be used to provide assistance to low-income consumers of heating oil under the Weatherization Assistance Program for Low-Income Persons established under part A of title IV of the Energy Conservation and Production Act (42 U.S.C. 6861 et seq.).
(ii)50 percent shall be used to provide assistance under section 2604(e) of the Low-Income Home Energy Assistance Act of 1981 (42 U.S.C. 8623(e)).
(3)Maintaining levelNotwithstanding paragraphs (1) and (2), the Secretary shall ensure that, as of November 1 of each year, the Reserve contains a sufficient level of petroleum distillate to enable carrying out this part..


115 SJ 41 PCS: Providing for an exception to the limitation on the appointment of certain persons as the United States Trade Representative.
U.S. Senate
2017-04-25
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IIACalendar No. 42115th CONGRESS1st SessionS. J. RES. 41IN THE SENATE OF THE UNITED STATESApril 25, 2017Mr. Hatch, from the Committee on Finance, reported the following original joint resolution; which was read twice and placed on the calendarJOINT RESOLUTIONProviding for an exception to the limitation on the appointment of certain persons as the United
			 States Trade Representative.

		1.Exception to limitation on appointment of certain persons as United States Trade Representative
 (a)In generalThe limitation under section 141(b)(4) of the Trade Act of 1974 (19 U.S.C. 2171(b)(4)) shall not apply to the first person appointed, by and with the advice and consent of the Senate, as the United States Trade Representative after the date of the enactment of this joint resolution, if that person served as a Deputy United States Trade Representative before the date of the enactment of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1601 et seq.).
 (b)Limited exceptionThis section applies only to the first person appointed as United States Trade Representative after the date of the enactment of this joint resolution, and to no other person.April 25, 2017Read twice and placed on the calendar


		I
		111th CONGRESS
		1st Session
		H. R. 2558
		IN THE HOUSE OF REPRESENTATIVES

			May 21, 2009
			Mr. Fattah (for
			 himself and Mr. Camp) introduced the
			 following bill; which was referred to the Committee on Ways and Means

		A BILL
		To amend part A of title IV of the Social Security Act to
		  require the Secretary of Health and Human Services to conduct research on
		  indicators of child well-being.

		1.Short titleThis Act may be cited as the
			 State Child Well-Being Research Act of
			 2009.
		2.FindingsCongress makes the following
			 findings:
			(1)The well-being of
			 children is a paramount concern for our Nation and for every State, and most
			 programs for children and families are managed at the State or local
			 level.
			(2)Child well-being
			 varies over time and across social, economic, and geographic groups, and can be
			 affected by changes in the circumstances of families, by the economy, by the
			 social and cultural environment, and by public policies and programs at the
			 Federal, State, and local level.
			(3)States, including
			 small States, need information about child well-being that is specific to their
			 State and that is up-to-date, cost-effective, and consistent across States and
			 over time.
			(4)Regular collection
			 of child well-being information at the State level is essential so that Federal
			 and State officials can track child well-being over time.
			(5)Information on
			 child well-being is necessary for all States, particularly small States that do
			 not have State-level data in other federally supported databases. Information
			 is needed on the well-being of all children, not just children participating in
			 Federal programs.
			(6)Telephone surveys
			 of parents represent a relatively cost-effective strategy for obtaining
			 information on child well-being at the State level for all States, including
			 small States, and can be conducted alone or in mixed mode strategy with other
			 survey techniques.
			(7)Data from
			 telephone surveys of the population are currently used to monitor progress
			 toward many important national goals, including immunization of preschool
			 children with the National Immunization Survey, and the identification of
			 health care issues of children with special needs with the National Survey of
			 Children with Special Health Care Needs.
			(8)A
			 State-level telephone survey, alone or in combination with other techniques,
			 can provide information on a range of topics, including children’s social and
			 emotional development, education, health, safety, family income, family
			 employment, and child care. Information addressing marriage and family
			 structure can also be obtained for families with children. Information obtained
			 from such a survey would not be available solely for children or families
			 participating in programs but would be representative of the entire State
			 population and consequently, would inform welfare policymaking on a range of
			 important issues, such as income support, child care, child abuse and neglect,
			 child health, family formation, and education.
			3.Research on
			 indicators of child well-beingSection 413 of the
			 Social Security Act (42 U.S.C. 613) is
			 amended by adding at the end the following:

				(k)Indicators of
				child well-being
					(1)Renaming of
				surveyOn and after the date
				of the enactment of this subsection, the National Survey of Children’s Health
				conducted by the Director of the Maternal and Child Health Bureau of the Health
				Resources and Services Administration shall be known as the Survey of
				Children’s Health and Well-Being.
					(2)Modification of
				survey to include matters relating to child well-beingThe Secretary shall modify the survey so
				that it may be used to better assess child well-being, as follows:
						(A)New indicators
				includedThe indicators with respect to which the survey collects
				information shall include measures of child-well-being related to the
				following:
							(i)Education.
							(ii)Social and
				emotional development.
							(iii)Physical and
				mental health and safety.
							(iv)Family
				well-being, such as family structure, income, employment, child care
				arrangements, and family relationships.
							(B)Collection
				requirementsThe data collected with respect to the indicators
				developed under subparagraph (A) shall be—
							(i)statistically
				representative at the State and national level;
							(ii)consistent across
				States, except that data shall be collected in States other than the 50 States
				and the District of Columbia only if technically feasible;
							(iii)collected on an
				annual or ongoing basis;
							(iv)measured with
				reliability;
							(v)current;
							(vi)over-sampled (if
				feasible), with respect to low-income children and families, so that subgroup
				estimates can be produced by a variety of income categories (such as for 50,
				100, and 200 percent of the poverty level, and for children of varied ages,
				such as 0–5, 6–11, 12–17, and (if feasible) 18–21 years of age); and
							(vii)made publicly
				available.
							(C)Other
				requirements
							(i)PublicationThe
				data collected with respect to the indicators developed under subparagraph (A)
				shall be published as absolute numbers and expressed in terms of rates or
				percentages.
							(ii)Availability of
				dataA data file shall be
				made available to the public, subject to confidentiality requirements, that
				includes the indicators, demographic information, and ratios of income to
				poverty.
							(iii)Sample
				sizesSample sizes used for the collected data shall be adequate
				for microdata on the categories included in subparagraph (B)(vi) to be made
				publicly available, subject to confidentiality requirements.
							(D)Consultation
							(i)In
				generalIn developing the indicators under subparagraph (A) and
				the means to collect the data required with respect to the indicators, the
				Secretary shall consult and collaborate with a subcommittee of the Federal
				Interagency Forum on Child and Family Statistics, which shall include
				representatives with expertise on all the domains of child well-being described
				in subparagraph (A). The subcommittee shall have appropriate staff assigned to
				work with the Maternal and Child Health Bureau during the design phase of the
				survey.
							(ii)DutiesThe
				Secretary shall consult with the subcommittee referred to in clause (i) with
				respect to the design, content, and methodology for the development of the
				indicators under subparagraph (A) and the collection of data regarding the
				indicators, and the availability or lack thereof of similar data through other
				Federal data collection efforts.
							(iii)CostsCosts
				incurred by the subcommittee with respect to the development of the indicators
				and the collection of data related to the indicators shall be treated as costs
				of the survey.
							(3)Advisory
				panel
						(A)EstablishmentThe Secretary, in consultation with the
				Federal Interagency Forum on Child and Family Statistics, shall establish an
				advisory panel of experts to make recommendations regarding—
							(i)the additional
				matters to be addressed by the survey by reason of this subsection; and
							(ii)the methods,
				dissemination strategies, and statistical tools necessary to conduct the survey
				as a whole.
							(B)Membership
							(i)In
				generalThe advisory panel established under subparagraph (A) of
				this paragraph shall include experts on each of the domains of child well-being
				described in paragraph (2)(A), experts on child indicators, experts from State
				agencies and from nonprofit organizations that use child indicator data at the
				State level, and experts on survey methodology.
							(ii)DeadlineThe
				members of the advisory panel shall be appointed not later than 2 months after
				the date of the enactment of this subsection.
							(C)MeetingsThe
				advisory panel established under subparagraph (A) shall meet—
							(i)at
				least 3 times during the first year after the date of enactment of this
				subsection; and
							(ii)annually
				thereafter for the 4 succeeding years.
							(4)Authorization of
				appropriationsThere are authorized to be appropriated for each
				of fiscal years 2010 through 2014, $20,000,000 for the purpose of carrying out
				this
				subsection.
					.
		4.GAO report on
			 collection and reporting of data on deaths of children in foster care
			(a)In
			 generalWithin 1 year after
			 the date of the enactment of this Act, the Comptroller General of the United
			 States shall conduct a study to determine, and submit to the Congress a written
			 report on the adequacy of, the methods of collecting and reporting data on
			 deaths of children in the child welfare system.
			(b)Matters To be
			 consideredIn the study, the
			 Comptroller General shall, for each year for which data are available,
			 determine—
				(1)the number of children eligible for
			 services or benefits under part B or E of title IV of the Social Security Act
			 who States reported as having died due to abuse or neglect;
				(2)the number of
			 children so eligible who died due to abuse or neglect but were not accounted
			 for in State reports; and
				(3)the number of
			 children in State child welfare systems who died due to abuse or neglect and
			 whose deaths are not included in the data described in paragraph (1) or
			 (2).
				(c)RecommendationsIn the report, the Comptroller General
			 shall include recommendations on how surveys of children by the Federal
			 Government and by State governments can be improved to better capture all data
			 on the death of children in the child welfare system, so that the Congress can
			 work with the States to develop better policies to improve the well-being of
			 children and reduce child deaths.


117 HR 190 IH: Leave Ethanol Volumes at Existing Levels Act
U.S. House of Representatives
2021-01-05
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS1st SessionH. R. 190IN THE HOUSE OF REPRESENTATIVESJanuary 5, 2021Mr. Burgess introduced the following bill; which was referred to the Committee on Energy and CommerceA BILLTo repeal certain amendments to the Clean Air Act relating to the expansion of the renewable fuel program, and for other purposes.1.Short titleThis Act may be cited as the Leave Ethanol Volumes at Existing Levels Act or the LEVEL Act.2.Repeal of expansion of Renewable Fuel Program(a)DefinitionsSection 211(o)(1) of the Clean Air Act (42 U.S.C. 7545(o)(1)) is amended to read as follows:(1)DefinitionsIn this section:(A)Cellulosic biomass ethanolThe term cellulosic biomass ethanol means ethanol derived from any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis, including—(i)dedicated energy crops and trees;(ii)wood and wood residues;(iii)plants;(iv)grasses;(v)agricultural residues;(vi)fibers;(vii)animal wastes and other waste materials; and(viii)municipal solid waste.The term also includes any ethanol produced in facilities where animal wastes or other waste materials are digested or otherwise used to displace 90 percent or more of the fossil fuel normally used in the production of ethanol. (B)Waste derived ethanolThe term waste derived ethanol means ethanol derived from—(i)animal wastes, including poultry fats and poultry wastes, and other waste materials; or(ii)municipal solid waste.(C)Renewable fuel(i)In generalThe term renewable fuel means motor vehicle fuel that—(I)(aa)is produced from grain, starch, oilseeds, vegetable, animal, or fish materials including fats, greases, and oils, sugarcane, sugar beets, sugar components, tobacco, potatoes, or other biomass; or(bb)is natural gas produced from a biogas source, including a landfill, sewage waste treatment plant, feedlot, or other place where decaying organic material is found; and(II)is used to replace or reduce the quantity of fossil fuel present in a fuel mixture used to operate a motor vehicle.(ii)InclusionThe term renewable fuel includes—(I)cellulosic biomass ethanol and waste derived ethanol; and(II)biodiesel (as defined in section 312(f) of the Energy Policy Act of 1992 (42 U.S.C. 13220(f))) and any blending components derived from renewable fuel (provided that only the renewable fuel portion of any such blending component shall be considered part of the applicable volume under the renewable fuel program established by this subsection).(D)Small refineryThe term small refinery means a refinery for which the average aggregate daily crude oil throughput for a calendar year (as determined by dividing the aggregate throughput for the calendar year by the number of days in the calendar year) does not exceed 75,000 barrels..(b)Renewable fuel programParagraph (2) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(2)) is amended as follows:(1)RegulationsClause (i) of subparagraph (A) is amended by striking the last sentence.(2)Applicable volumes of renewable fuelSubparagraph (B) is amended to read as follows:(B)Applicable volumeFor the purpose of subparagraph (A), the applicable volume of renewable fuel for each calendar year shall be 7,500,000,000 gallons..(c)Applicable percentagesParagraph (3) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(3)) is amended as follows:(1)In subparagraph (A), by striking each of calendar years 2005 through 2021 and inserting each calendar year.(2)In subparagraph (A), by striking transportation fuel, biomass-based diesel, and cellulosic biofuel and inserting gasoline.(3)In subparagraph (B)(i), by striking each of calendar years 2005 through 2021 and inserting each calendar year.(4)In subparagraph (B), by striking transportation fuel and inserting gasoline in clause (ii)(II).(d)Cellulosic biomass ethanol or waste derived ethanolParagraph (4) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(4)) is amended to read as follows:(4)Cellulosic biomass ethanol or waste derived ethanolFor the purpose of paragraph (2), 1 gallon of cellulosic biomass ethanol or waste derived ethanol shall be considered to be the equivalent of 2.5 gallons of renewable fuel..(e)Credit programParagraph (5) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(5)) is amended by striking subparagraph (E).(f)Waivers(1)In generalParagraph (7) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(7)) is amended—(A)in subparagraph (A), by striking , by any person subject to the requirements of this subsection, or by the Administrator on his own motion; and(B)by inserting State before petition for a waiver in subparagraph (B).(2)Cellulosic biofuelParagraph (7) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(7)) is amended by striking subparagraph (D).(3)Biomass-based dieselParagraph (7) of section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)(7)) is amended by striking subparagraphs (E) and (F).(g)Periodic ReviewsSection 211(o) of the Clean Air Act (42 U.S.C. 7545(o)) is amended by striking paragraph (11).(h)Savings clauseSection 211(o) of the Clean Air Act (42 U.S.C. 7545(o)) is amended by striking paragraph (12).(i)RegulationsSection 211 of the Clean Air Act (42 U.S.C. 7545) is amended by striking paragraph (2) of subsection (v).(j)Other provisions(1)Environmental and resource conservation impactsSection 204(b) of the Energy Independence and Security Act of 2007 (Public Law 110–140) is repealed.(2)Effective date, savings provision, and transition rulesSection 210 of the Energy Independence and Security Act of 2007 (Public Law 110–140) is repealed.(k)Effective dateThe amendments made by this section shall take effect on January 1 of the first calendar year following the date of enactment of this Act.(l)Estimates for first calendar yearPrior to January 1 of the first calendar year following the date of enactment of this Act—(1)the Administrator of the Energy Information Administration shall provide to the Administrator of the Environmental Protection Agency an estimate, under section 211(o)(3) of the Clean Air Act, as amended by this Act, with respect to such calendar year, of the volumes of gasoline projected to be sold or introduced into commerce in the United States; and(2)based on the estimate provided under paragraph (1), the Administrator of the Environmental Protection Agency shall determine and publish in the Federal Register, with respect to such calendar year, the renewable fuel obligation for such calendar year under section 211(o)(3) of the Clean Air Act, as amended by this Act.3.Prohibition of authorization of higher ethanol blends(a)ProhibitionNotwithstanding any provision of the Clean Air Act (42 U.S.C. 7401 et seq.), the Administrator of the Environmental Protection Agency may not permit or authorize (including by granting a waiver through the fuels and fuel additives waiver process under section 211(f)(4) of such Act (42 U.S.C. 7545(f)(4))) the introduction into commerce of gasoline that—(1)contains greater than 10-volume-percent ethanol;(2)is intended for general use in conventional gasoline-powered onroad or nonroad vehicles or engines; and(3)is not, on or before the date of enactment of this Act—(A)registered in accordance with section 211(b) of such Act (42 U.S.C. 7545(b)); and(B)lawfully sold in the United States.(b)Repeal of existing waivers(1)In generalAny waiver described in paragraph (2) is repealed and shall have no force or effect.(2)WaiverA waiver described in this paragraph—(A)is a waiver granted pursuant to section 211(f)(4) of the Clean Air Act (42 U.S.C. 7545(f)(4)) prior to the date of enactment of this Act that permits or authorizes the introduction into commerce of gasoline that contains greater than 10-volume-percent ethanol for general use in conventional gasoline-powered onroad or nonroad vehicles or engines; and(B)includes the following:(i)Partial Grant and Partial Denial of Clean Air Act Waiver Application Submitted by Growth Energy To Increase the Allowable Ethanol Content of Gasoline to 15 Percent; Decision of the Administrator published at 75 Fed. Reg. 68094 (November 4, 2010).(ii)Partial Grant of Clean Air Act Waiver Application Submitted by Growth Energy To Increase the Allowable Ethanol Content of Gasoline to 15 Percent; Decision of the Administrator published at 76 Fed. Reg. 4662 (January 26, 2011).(3)ExceptionParagraph (1) shall not apply with respect to a waiver to the extent such waiver permits or authorizes the introduction into commerce of gasoline—(A)that is described in paragraph (2)(A); and(B)that is, on or before the date of enactment of this Act—(i)registered in accordance with section 211(b) of the Clean Air Act (42 U.S.C. 7545(b)); and(ii)lawfully sold in the United States.(c)StudyNot later than 2 years after the date of enactment of this Act, the Administrator of the Environmental Protection Agency shall conduct, and submit to Congress the results of, a comprehensive study on—(1)the effects of the introduction into commerce of an ethanol-gasoline blend described in subsection (b)(2)(A) on consumer products, including—(A)onroad and nonroad vehicles;(B)nonroad engines (such as lawn mowers); and(C)any other applicable gasoline-powered vehicles, engines, and devices;(2)the impact of an ethanol-gasoline blend described in subsection (b)(2)(A) on—(A)engine performance of conventional gasoline-powered onroad and nonroad vehicles and nonroad engines;(B)emissions from the use of the blend; and(C)materials compatibility and consumer safety issues associated with the use of such blend (including the identification of insufficient data or information for some or all of such vehicles and engines with respect to each of the issues described in this subparagraph and subparagraphs (A) and (B)); and(3)the ability of wholesale and retail gasoline distribution infrastructure, including bulk storage, retail storage configurations, and retail equipment (including certification of equipment compatibility by independent organizations), to introduce such an ethanol-gasoline blend into commerce without widespread intentional or unintentional misfueling by consumers.


		I
		112th CONGRESS
		2d Session
		H. R. 5861
		IN THE HOUSE OF REPRESENTATIVES

			May 30, 2012
			Mr. Filner introduced
			 the following bill; which was referred to the
			 Committee on Financial
			 Services, and in addition to the Committee on
			 Veterans’ Affairs, for a
			 period to be subsequently determined by the Speaker, in each case for
			 consideration of such provisions as fall within the jurisdiction of the
			 committee concerned

		A BILL
		To direct the Secretary of Veterans Affairs and the
		  Secretary of Housing and Urban Development to establish a grant pilot program
		  to provide housing to elderly homeless veterans.

		1.Elderly homeless veterans
			 housing grant pilot program
			(a)EstablishmentThe Secretary of Veterans Affairs and the
			 Secretary of Housing and Urban Development shall jointly establish a pilot
			 program to award grants to nonprofit organizations to provide homeless veterans
			 with non-transitional housing.
			(b)Eligible
			 organization
				(1)Nonprofit
			 organizationThe Secretaries
			 may award two grants under this section to nonprofit organizations that provide
			 housing to homeless veterans or assist homeless veterans to find
			 housing.
				(2)LocationsIn
			 selecting the nonprofit organizations under paragraph (1), the Secretaries
			 shall ensure that such organizations operate in separate geographical
			 locations.
				(3)ApplicationTo be eligible for a grant under this
			 section, a nonprofit organization shall submit to the Secretaries an
			 application at such time, in such manner, and containing such information as
			 the Secretaries may require.
				(c)Number and
			 amount of grant
				(1)NumberThe Secretaries—
					(A)may award two
			 grants under this section; and
					(B)may not award more
			 than one grant to a single nonprofit organization.
					(2)AmountA
			 grant awarded under this section may not exceed $25,000,000.
				(d)Use of
			 grant
				(1)In
			 generalA nonprofit
			 organization may use a grant awarded under this section to—
					(A)purchase real property within a single
			 geographical area to be used to provide up to 200 eligible homeless veterans
			 with non-transitional housing; and
					(B)refurbish or
			 renovate such property.
					(2)Eligible
			 homeless veteransA homeless
			 veteran is eligible for housing provided pursuant to this section if the
			 Secretary of Veterans Affairs determines that the homeless veteran—
					(A)has—
						(i)been continuously
			 homeless for a year or more; or
						(ii)during the last three years, had at least
			 four separate, distinct, and sustained periods during which the veteran lived
			 or resided on the streets, in an emergency shelter for homeless persons, or a
			 combination of both;
						(B)has a condition that limits the veteran’s
			 ability to work or perform activities of daily living, including conditions
			 related to—
						(i)a diagnosable substance abuse
			 disorder;
						(ii)a serious mental
			 illness;
						(iii)a developmental disability; or
						(iv)a chronic
			 physical illness or disability; and
						(C)has attained the
			 age of 55.
					(e)Case
			 management
				(1)In
			 generalThe Secretary of Veterans Affairs shall provide case
			 management for homeless veterans who receive housing assistance pursuant to
			 this section. The Secretary shall maintain a sufficient number of caseworkers
			 to ensure that the ratio of such homeless veterans to caseworkers does not
			 exceed 25 to 1.
				(2)ProvisionIn
			 carrying out paragraph (1), the Secretary shall allow the non-profit
			 organization awarded a grant under this section to provide the case management
			 under paragraph (1) if the non-profit organization elects to provide such case
			 management.
				(f)ReportNot later than 180 days after the date on
			 which the pilot grant program terminates pursuant to subsection (i), the
			 Secretaries shall submit to the Committees on Veterans’ Affairs of the Senate
			 and House of Representatives a report on the pilot grant program that
			 includes—
				(1)the number of
			 veterans served under the program;
				(2)the types of
			 services offered under the program to such veterans;
				(3)the amount of
			 money spent under the program on each such veteran;
				(4)a recommendation as to the feasibility and
			 advisability of continuing the program; and
				(5)any other
			 information the Secretaries consider appropriate.
				(g)Authorization of
			 appropriationsThere is
			 authorized to be appropriated to the Secretaries to carry out this section
			 $50,000,000.
			(h)Homeless veteran
			 definedIn this section, the
			 term homeless veteran means a veteran who is homeless (as that
			 term is defined in section 103(a) of the McKinney-Vento Homeless Assistance Act
			 (42 U.S.C. 11302(a))).
			(i)TerminationThe pilot grant program established under
			 subsection (a) shall terminate on the date that is two years after the date on
			 which the Secretaries award a grant under such subsection.


116 SRES 777 IS: Expressing the sense of the Senate on the need for common sense solutions to improve health care delivery and affordability for all people of the United States.
U.S. Senate
2020-11-18
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

III116th CONGRESS2d SessionS. RES. 777IN THE SENATE OF THE UNITED STATESNovember 18, 2020Mr. Perdue (for himself and Mrs. Loeffler) submitted the following resolution; which was referred to the Committee on Health, Education, Labor, and PensionsRESOLUTIONExpressing the sense of the Senate on the need for common sense solutions to improve health care delivery and affordability for all people of the United States.Whereas the public health emergency that the United States is currently facing has highlighted the need for common sense solutions to improve health care delivery and affordability;Whereas Congress has acted quickly to protect health care for the people of the United States in the wake of the COVID–19 pandemic, including expanding access to telehealth, providing coverage for COVID–19 tests and vaccines, and supporting health care providers;Whereas health insurance premiums increased by nearly 105 percent between 2013 and 2017, thereby making health care coverage both unaffordable and inaccessible for many people of the United States; andWhereas nearly 134 rural hospitals have closed their doors since 2010 and the public health emergency has exacerbated the rural health crisis: Now, therefore, be itThat it is the sense of the Senate that all people of the United States should have access to health care coverage with—(1)protections if they have pre-existing medical conditions, including—(A)guarantees that no citizen of the United States can be denied health insurance coverage as a result of a previous illness or health status;(B)guarantees that no citizen of the United States can be charged a higher premium or cost sharing as a result of a previous illness or health status; and(C)access to health care to ensure that the people of the United States with pre-existing medical conditions can afford to receive their care;(2)lower costs of prescription drugs and devices, which can be accomplished by—(A)cutting red tape in the regulatory process to bring new drugs and devices to market more rapidly;(B)lowering prices through enhanced competition by reforming outdated and archaic patent and trademark laws;(C)ensuring transparency in the drug supply chain;(D)incentivizing domestic manufacturing and ending drug shortages; and(E)promoting policies that ensure the people of the United States are not solely responsible for financing the biopharmaceutical innovation that the world depends on;(3)lower insurance premiums through increased choice and competition, including through—(A)the availability of transparent information related to the price of health insurance premiums and health care procedures so patients can make informed decisions about their care;(B)access to association health plans, which have led to average premium decreases of up to 29 percent for small business owners;(C)State flexibility to do what is best for communities in that State, which in some cases has lowered health insurance premiums up to 43 percent;(D)the establishment of tax-free personal health management accounts to empower patients to afford and personalize their own health care arrangements; and(E)expanded access to more doctors and specialists for veterans, those struggling with mental illness, and those who live in rural areas;(4)protections from surprise medical bills, including holding a patient harmless from surprise medical bills and making sure patients receive bills in a timely way; and(5)safeguards from costly defensive medicine in the health care system, that reflect medical malpractice reform that addresses the additional costs in the medical system that do not improve quality of care.


109 HR 3435 IH: Savings for Seniors Act of 2005
U.S. House of Representatives
2005-07-26
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I
109th CONGRESS 1st Session
H. R. 3435
IN THE HOUSE OF REPRESENTATIVES

July 26, 2005
Mrs. Blackburn introduced the following bill; which was referred to the Committee on Ways and Means

A BILL
To amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.

1.Short titleThis Act may be cited as the Savings for Seniors Act of 2005.
2.Interim protections for social security trust fund surplus
(a)In generalSection 201(d) of the Social Security Act (42 U.S.C. 402(d)) is amended—
(1)by striking It shall be the duty and inserting (1) Except as provided in paragraph (2), it shall be the duty; and
(2)by adding at the end the following new paragraph:

(2)
(A)There is established in the Federal Old-Age and Survivors Insurance Trust Fund a Social Security Surplus Protection Account. As soon as practicable after each fiscal year after 2007, the Managing Trustee shall transfer to the Account, from amounts otherwise available in the Trust Fund, amounts equivalent to the social security surplus for such fiscal year. Such amounts shall be transferred from time to time to the Account, such amounts to be determined on the basis of estimates by the Managing Trustee, and proper adjustments shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or were less than the correct amount.
(B)For purposes of subparagraph (A), the term social security surplus means, for any fiscal year, the excess, if any, of—
(i)the sum of—
(I)the taxes imposed for such fiscal year by chapter 21 (other than sections 3101(b) and 3111(b)) of the Internal Revenue Code of 1986 with respect to wages (as defined in section 3121 of such Code) reported to the Secretary of the Treasury or his delegates pursuant to subtitle F of such Code, as determined by the Secretary of the Treasury by applying the applicable rates of tax under such chapter 21 (other than sections 3101(b) and 3111(b)) to such wages, less the amounts specified in clause (1) of subsection (b) of this section for such fiscal year,
(II)the taxes imposed by chapter 2 (other than section 1401(b)) of the Internal Revenue Code of 1986 with respect to self-employment income (as defined in section 1402 of such Code) reported to the Secretary of the Treasury on tax returns under subtitle F of such Code, as determined by the Secretary of the Treasury by applying the applicable rate of tax under such chapter (other than section 1401(b)) to such self-employment income, less the amounts specified in clause (2) of subsection (b) of this section for such fiscal year, and
(III)the amount equivalent to the aggregate increase in tax liabilities under chapter 1 of the Internal Revenue Code of 1986 which is attributable to the application of sections 86 and 871(a)(3) of such Code to payments from the Trust Fund, over
(ii)the sum of—
(I)benefits paid from the Trust Fund during the fiscal year, and
(II)amounts authorized to be made available from the Trust Fund under subsection (g) of this section which are paid from the Trust Fund during such fiscal year.
(C)Notwithstanding paragraph (1), the balance in the Account shall not be available for investment by the Managing Trustee.
(D)
(i)The preceding provisions of this paragraph shall not apply with respect to fiscal years commencing with or after the first fiscal year, after fiscal year 2007, for which a provision of Federal law takes effect and authorizes, for amounts in the Trust Fund, an investment vehicle other than obligations of the United States resulting in the transfer of Trust Fund assets to the general fund of the Treasury.
(ii)A provision of Federal law shall be deemed to meet the requirements of clause (i) if such provision includes the following: This Act shall be considered to be a provision of Federal law meeting the requirements of section 201(d)(2)(D)(i) of the Social Security Act...
3.Social Security Investment Commission
(a)EstablishmentThere is established in the executive branch of the Government a Social Security Investment Commission.
(b)Study and reportAs soon as practicable after the date of the enactment of this Act, the Commission shall conduct a study to ascertain the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund, other than investment in the form of obligations of the United States resulting in the transfer of Trust Fund assets to the general fund of the Treasury. Not later than October 1, 2007, the Commission shall submit a report to the President and to each House of the Congress setting forth its recommendations for such vehicles for investment, together with proposals for such administrative and legislative changes as the Commission determines necessary to authorize and implement such recommendations.
(c)CompositionThe Commission shall be composed of—
(1)3 members appointed by the President, of whom 1 shall be designated by the President as Chairman;
(2)2 members appointed by the Speaker of the House of Representatives;
(3)1 member appointed by the minority leader of the House of Representatives;
(4)2 members appointed by the majority leader of the Senate; and
(5)1 member appointed by the minority leader of the Senate.
(d)Membership requirementsMembers of the Commission shall have substantial experience, training, and expertise in the management of financial investments and pension benefit plans.
(e)Length of appointmentsMembers of the Commission shall serve for the life of the Commission. A vacancy on the Commission shall be filled in the manner in which the original appointment was made and shall be subject to any conditions that applied with respect to the original appointment.
(f)DutiesAs soon as the Commission shall—
(1)administer the program established under this part;
(2)establish policies for the investment and management of the Savings Fund, including the Tier I Investment Fund and the Tier II Investment Fund, and amounts held under Tier III Investment Options, including policies applicable to the asset managers, recordkeepers, and custodians with responsibility for managing the investment of amounts credited to personal social security investment accounts, and for the management and operation of personal social security savings annuities, which shall provide for—
(A)prudent investments suitable for accumulating funds for payment of retirement income;
(B)sound management practices; and
(C)low administrative costs;
(3)review the performance of investments made for the Tier I Investment Fund and the Tier II Investment Fund;
(4)review the performance of investments made under Tier III Investment Options;
(5)review the management and operation of personal social security savings annuities;
(6)review and approve the budget of the Commission; and
(7)comply with the fiduciary requirements of part 4 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 (relating to fiduciary responsibility) in connection with any exercise of discretion in connection with the assets of the Savings Fund.
(g)Administrative provisions
(1)MeetingsThe Commission shall meet—
(A)not less than once during each month; and
(B)at additional times at the call of the Chairman.
(2)Exercise of powers
(A)In generalThe Commission shall perform the functions and exercise the powers of the Commission on a majority vote of a quorum of the Commission. Three members of the Commission shall constitute a quorum for the transaction of business.
(B)VacanciesA vacancy on the Commission shall not impair the authority of a quorum of the Commission to perform the functions and exercise the powers of the Commission.
(h)Compensation
(1)In generalEach member of the Commission who is not an officer or employee of the Federal Government shall be compensated at the daily rate of basic pay for level IV of the Executive Schedule for each day during which such member is engaged in performing a function of the Commission.
(2)ExpensesA member of the Commission shall be paid travel, per diem, and other necessary expenses under subchapter I of chapter 57 of title 5, United States Code, while traveling away from such member's home or regular place of business in the performance of the duties of the Commission.
(i)TerminationThe Commission shall terminate 90 days after the date of the submission of its report pursuant to subsection (b).


116 HR 3781 IH: Improving National Safety by Updating the Required Amount of Insurance Needed by Commercial Motor Vehicles per Event (INSURANCE) Act of 2019
U.S. House of Representatives
2019-07-16
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I116th CONGRESS1st SessionH. R. 3781IN THE HOUSE OF REPRESENTATIVESJuly 16, 2019Mr. García of Illinois (for himself, Mr. Cartwright, Mr. Espaillat, Ms. Meng, Mr. Cohen, Mr. Payne, and Mr. Soto) introduced the following bill; which was referred to the Committee on Transportation and InfrastructureA BILLTo increase the minimum levels of financial responsibility for transporting property, and to index
			 future increases to changes in inflation relating to medical care.

 1.Short titleThis Act may be cited as the Improving National Safety by Updating the Required Amount of Insurance Needed by Commercial Motor Vehicles per Event (INSURANCE) Act of 2019.
 2.FindingsThe Congress finds the following: (1)In passing the Motor Carrier Act of 1980, Public Law 96–296, Congress intended for the minimum insurance levels to maintain safety. According to the House Report No. 96–1069, the action of the Committee in increasing financial responsibility is to encourage the carriers to engage in practices and procedures that will enhance the safety of their equipment so as to afford the best protection to the public..
 (2)The National Transportation Policy Study Commission (which consisted of six Members of the Senate, six Members of the House of Representatives, and seven public members appointed by the President) recommended mandatory minimum insurance requirements of $1,000,000, in its 1979 Final Report to the Congress, National Transportation Policies through the Year 2000. The Report stated: As an example, all certificated motor carriers operating upon the highways should be obligated to carry adequate insurance (or proof of financial responsibility equal to such insurance) to protect the public. The insurance should cover public liability, property, damage, cargo and environmental restoration with a $1 million for single occurrence, or another minimum amount sufficient to require periodic on site inspection by the insurance company, with the minimum to be updated regularly. Non-certificated motor carriers should be subject to similar standards..
 (3)According to the U.S. Bureau of Labor Statistics, the amount of $750,000, set in 1980 (the year of enactment), would have the same purchasing power as $4,923,153.29 in 2019, if the amount was raised to account for medical-cost inflation.
			3.Minimum financial responsibility for transporting property
 (a)In generalSection 31139(b) of title 49, United States Code, is amended— (1)in paragraph (2), by striking $750,000 and inserting $4,923,154; and
 (2)by adding at the end the following:  (3)AdjustmentThe Secretary, in consultation with the Bureau of Labor Statistics, shall adjust the minimum level of financial responsibility under paragraph (2) quinquennially for inflation relating to medical care..
 (b)Effective dateThe amendments made by subsection (a) shall take effect on the date that is 1 year after the date of enactment of this Act.


117 HR 1329 IH: Surface Transportation Investment Act of 2021
U.S. House of Representatives
2021-02-25
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS1st SessionH. R. 1329IN THE HOUSE OF REPRESENTATIVESFebruary 25, 2021Ms. Brownley introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo amend the Internal Revenue Code of 1986 to repeal loopholes for major integrated oil companies, and for other purposes.1.Short title; table of contents(a)Short titleThis Act may be cited as the Surface Transportation Investment Act of 2021.(b)Table of contentsThe table of contents for this Act is as follows:Sec. 1. Short title; table of contents.Title I—Close big oil tax loopholesSec. 2. Modifications of foreign tax credit rules applicable to major integrated oil companies which are dual capacity taxpayers.Sec. 3. Limitation on deduction for intangible drilling and development costs; amortization of disallowed amounts.Sec. 4. Limitation on percentage depletion allowance for oil and gas wells.Sec. 5. Limitation on deduction for tertiary injectants.Sec. 6. Modification of definition of major integrated oil company.Title II—Transportation block grantsSec. 201. Use of revenue for transportation block grants.IClose big oil tax loopholes2.Modifications of foreign tax credit rules applicable to major integrated oil companies which are dual capacity taxpayers(a)In generalSection 901 of the Internal Revenue Code of 1986 is amended by redesignating subsection (n) as subsection (o) and by inserting after subsection (m) the following new subsection:(n)Special rules relating to major integrated oil companies which are dual capacity taxpayers(1)General ruleNotwithstanding any other provision of this chapter, any amount paid or accrued by a dual capacity taxpayer which is a major integrated oil company (within the meaning of section 167(h)(5)) to a foreign country or possession of the United States for any period shall not be considered a tax—(A)if, for such period, the foreign country or possession does not impose a generally applicable income tax, or(B)to the extent such amount exceeds the amount (determined in accordance with regulations) which—(i)is paid by such dual capacity taxpayer pursuant to the generally applicable income tax imposed by the country or possession, or(ii)would be paid if the generally applicable income tax imposed by the country or possession were applicable to such dual capacity taxpayer.Nothing in this paragraph shall be construed to imply the proper treatment of any such amount not in excess of the amount determined under subparagraph (B). (2)Dual capacity taxpayerFor purposes of this subsection, the term dual capacity taxpayer means, with respect to any foreign country or possession of the United States, a person who—(A)is subject to a levy of such country or possession, and(B)receives (or will receive) directly or indirectly a specific economic benefit (as determined in accordance with regulations) from such country or possession.(3)Generally applicable income taxFor purposes of this subsection—(A)In generalThe term generally applicable income tax means an income tax (or a series of income taxes) which is generally imposed under the laws of a foreign country or possession on income derived from the conduct of a trade or business within such country or possession.(B)ExceptionsSuch term shall not include a tax unless it has substantial application, by its terms and in practice, to—(i)persons who are not dual capacity taxpayers, and(ii)persons who are citizens or residents of the foreign country or possession..(b)Effective Date(1)In generalThe amendments made by this section shall apply to taxes paid or accrued in taxable years beginning after the date of the enactment of this Act.(2)Contrary treaty obligations upheldThe amendments made by this section shall not apply to the extent contrary to any treaty obligation of the United States.3.Limitation on deduction for intangible drilling and development costs; amortization of disallowed amounts(a)In generalSection 263(c) of the Internal Revenue Code of 1986 is amended to read as follows:(c)Intangible drilling and development costs in the case of oil and gas wells and geothermal wells(1)In generalNotwithstanding subsection (a), and except as provided in subsection (i), regulations shall be prescribed by the Secretary under this subtitle corresponding to the regulations which granted the option to deduct as expenses intangible drilling and development costs in the case of oil and gas wells and which were recognized and approved by the Congress in House Concurrent Resolution 50, Seventy-ninth Congress. Such regulations shall also grant the option to deduct as expenses intangible drilling and development costs in the case of wells drilled for any geothermal deposit (as defined in section 613(e)(2)) to the same extent and in the same manner as such expenses are deductible in the case of oil and gas wells. This subsection shall not apply with respect to any costs to which any deduction is allowed under section 59(e) or 291.(2)Exclusion(A)In generalThis subsection shall not apply to amounts paid or incurred by a taxpayer in any taxable year in which such taxpayer is a major integrated oil company (within the meaning of section 167(h)(5)).(B)Amortization of amounts not allowable as deductions under subparagraph (A)The amount not allowable as a deduction for any taxable year by reason of subparagraph (A) shall be allowable as a deduction ratably over the 60-month period beginning with the month in which the costs are paid or incurred. For purposes of section 1254, any deduction under this subparagraph shall be treated as a deduction under this subsection..(b)Effective dateThe amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after December 31, 2021.4.Limitation on percentage depletion allowance for oil and gas wells(a)In generalSection 613A of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:(f)Application with respect to major integrated oil companiesIn the case of any taxable year in which the taxpayer is a major integrated oil company (within the meaning of section 167(h)(5)), the allowance for percentage depletion shall be zero..(b)Effective dateThe amendment made by this section shall apply to taxable years beginning after December 31, 2021.5.Limitation on deduction for tertiary injectants(a)In generalSection 193 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:(d)Application with respect to major integrated oil companies(1)In generalThis section shall not apply to amounts paid or incurred by a taxpayer in any taxable year in which such taxpayer is a major integrated oil company (within the meaning of section 167(h)(5)).(2)Amortization of amounts not allowable as deductions under paragraph (1)The amount not allowable as a deduction for any taxable year by reason of paragraph (1) shall be allowable as a deduction ratably over the 60-month period beginning with the month in which the costs are paid or incurred..(b)Effective dateThe amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after December 31, 2021.6.Modification of definition of major integrated oil company(a)In generalSection 167(h)(5) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:(C)Certain successors in interestFor purposes of this paragraph, the term major integrated oil company includes any successor in interest of a company that was described in subparagraph (B) in any taxable year, if such successor controls more than 50 percent of the crude oil production or natural gas production of such company..(b)Conforming amendments(1)In generalSection 167(h)(5)(B) of the Internal Revenue Code of 1986 is amended by inserting except as provided in subparagraph (C),  after For purposes of this paragraph,.(2)Taxable years testedSection 167(h)(5)(B)(iii) of such Code is amended—(A)by striking does not apply by reason of paragraph (4) of section 613A(d) and inserting did not apply by reason of paragraph (4) of section 613A(d) for any taxable year after 2004, and(B)by striking does not apply in subclause (II) and inserting did not apply for the taxable year.(c)Effective dateThe amendments made by this section shall apply to taxable years beginning after December 31, 2021.IITransportation block grants201.Use of revenue for transportation block grants(a)In generalSubchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:9512.Transportation Block Grant Fund(a)EstablishmentThere is established in the Treasury a fund to be known as the Transportation Block Grant Fund consisting of such amounts as may be appropriated or credited to the fund as provided in this section or section 9602(b).(b)Transfer to fundThere is hereby appropriated to the fund such amounts as the Secretary estimates are equivalent to the increase in revenue received in the Treasury by reason of the enactment of title I of the Surface Transportation Investment Act of 2021, and the amendments made thereby.(c)Expenditures from the fundAmounts in the fund shall be available for making grants under the surface transportation block grant program established under section 133 of title 23, United States Code..(b)Clerical amendmentThe table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item:Sec. 9512. Transportation Block Grant Fund..


116 HRES 776 EH: Providing for a committee to notify the President of the assembly of the House of Representatives.
U.S. House of Representatives
2020-01-07
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IV
116th CONGRESS
2d Session
H. RES. 776
In the House of Representatives, U. S.,

January 7, 2020

RESOLUTION
Providing for a committee to notify the President of the assembly of the House of Representatives.

That a committee of two Members be appointed by the Speaker to notify the President of the United States that a quorum of the House has assembled and that the House is ready to receive any communication that he may be pleased to make.  Cheryl L. Johnson,Clerk.