		II
		110th CONGRESS
		1st Session
		S. 1405
		IN THE SENATE OF THE UNITED STATES

			May 16, 2007
			Mr. Brownback (for
			 himself, Mr. Roberts, and
			 Mr. Coburn) introduced the following
			 bill; which was read twice and referred to the
			 Committee on
			 Finance

		A BILL
		To enhance the ability of community banks to foster
		  economic growth and serve their communities, boost small businesses, increase
		  individual savings, and for other purposes.

		1.Short title; table of
			 contents
			(a)Short
			 titleThis Act may be cited
			 as the Community Banks Serving Their
			 Communities First Act or the Communities First Act.
			(b)Table of
			 contentsThe table of contents for this Act is as follows:

					Sec. 1. Short title; table of contents.
					Title I—Targeted Regulatory Relief for Community
				Banks
					Sec. 101. Short form reports of condition for certain community
				banks.
					Sec. 102. Community bank exemption from annual management
				assessment of internal controls requirement of the Sarbanes-Oxley Act of
				2002.
					Sec. 103. Changes required to small bank holding company policy
				statement on assessment of financial and managerial factors.
					Sec. 104. Community bank protection under the Securities
				Investor Protection Act of 1970.
					Sec. 105. Updating the amount of small bank exception for cap
				on aggregate loans to officers.
					Sec. 106. Consideration of community bank impact.
					Sec. 107. Increase in shareholder registration
				threshold.
					Title II—Additional Regulatory Relief for Community Banks and
				their Customers
					Sec. 201. Enhance customer capital access.
					Sec. 202. Seasoned customer CTR exemption.
					Sec. 203. Exception to annual privacy notice requirement under
				the Gramm-Leach-Bliley Act.
					Sec. 204. Privacy protection of consumer reports during loan
				application.
					Sec. 205. Update in the special regulatory lending limit on
				loans to executive officers.
					Sec. 206. Reimbursement for production of mandated
				records.
					Sec. 207. Study by the Comptroller General on implementation of
				commercial real estate guidance.
					Title III—Tax Relief for Bank Depositors, Rural Banks,
				Municipalities, Banks Organized as Limited Liability Companies, Individual
				Savers, and Small Businesses
					Sec. 301. Reduced rate and deferral of income recognition on
				long-term certificates of deposit.
					Sec. 302. Exclusion for interest on loans secured by
				agricultural real property.
					Sec. 303. Update in cap on qualified small issue
				bonds.
					Sec. 304. Limited liability company tax treatment for
				FDIC-insured limited liability companies.
					Sec. 305. Repeal of individual alternative minimum
				tax.
					Sec. 306. Young savers accounts.
					Sec. 307. Section 179 expensing for small business.
					Title IV—Tax Relief for Community Banks and Holding
				Companies
					Sec. 401. Limited tax credit.
					Sec. 402. Community bank relief from minimum tax.
					Title V—Small Business Subchapter S Reforms
					Sec. 501. Increasing Shareholder Limit for Subchapter S to
				150.
					Sec. 502. Treatment of qualifying director shares.
					Sec. 503. Recapture of bad debt reserves.
					Sec. 504. Issuance of preferred stock permitted for subchapter
				S corporations.
					Title VI—Small Business Lending Enhancements
					Sec. 601. Reduced fees for section 7(a) loans.
					Sec. 602. Low documentation loan program made
				mandatory.
					Sec. 603. Effective date.

			ITargeted
			 Regulatory Relief for Community Banks
			101.Short form
			 reports of condition for certain community banks
				(a)In
			 generalSection 7(a) of the
			 Federal Deposit Insurance Act (12 U.S.C. 1817(a)) is amended by
			 adding at the end the following new paragraph:

						(12)Short form
				reports of condition for community banks
							(A)In
				generalWith respect to reports of condition required under
				paragraph (3) for each calendar quarter, an insured depository institution
				described in subparagraphs (A), (B), (C), and (D) of section 10(d)(4) may
				submit a short form of any such report of condition in 2 nonsequential quarters
				of any calendar year.
							(B)Short form
				definedThe term short form, when used in connection
				with any report of condition required under paragraph (3), means a report of
				condition in a format established by the appropriate Federal banking agency,
				after notice and opportunity for comment, that—
								(i)is
				significantly and materially less burdensome for the insured depository
				institution to prepare than the format of the report of condition required
				under paragraph (3); and
								(ii)provides
				sufficient material information for the appropriate Federal banking agency to
				assure the maintenance of the safe and sound condition of the depository
				institution and safe and sound
				practices.
								.
				(b)RegulationsAny
			 regulation required to carry out the amendment made by subsection (a) shall be
			 published in final form before the end of the 6-month period beginning on the
			 date of the enactment of this Act.
				102.Community bank
			 exemption from annual management assessment of internal controls requirement of
			 the Sarbanes-Oxley Act of 2002Section 404 of the Sarbanes-Oxley Act of
			 2002 (15 U.S.C.
			 7262) is amended by adding at the end the following new
			 subsection:

					(c)Community bank
				exemption
						(1)In
				generalThis section shall not apply in any year to any insured
				depository institution which, as of the close of the preceding year, had total
				assets, as determined on a consolidated basis, of $1,000,000,000 or
				less.
						(2)Adjustment of
				amountThe Commission shall annually adjust the dollar amount in
				paragraph (1) by an amount equal to the percentage increase, for the most
				recent year, in total assets held by all depository institutions, as reported
				by the Federal Deposit Insurance
				Corporation.
						.
			103.Changes required to
			 small bank holding company policy statement on assessment of financial and
			 managerial factors
				(a)Small bank
			 holding company policy statement on assessment of financial and managerial
			 factors
					(1)In
			 generalBefore the end of the 6-month period beginning on the
			 date of the enactment of this Act, the Board of Governors of the Federal
			 Reserve System shall publish in the Federal Register proposed revisions to the
			 Small Bank Holding Company Policy Statement on Assessment of Financial and
			 Managerial Factors (12 C.F.R. part 225—appendix C) that provide that the policy
			 shall apply to a bank holding company which has pro forma consolidated assets
			 of less than $1,000,000,000 and that—
						(A)is not engaged in
			 any nonbanking activities involving significant leverage; and
						(B)does not have a significant amount of
			 outstanding debt that is held by the general public.
						(2)Adjustment of
			 amountThe Board of Governors
			 of the Federal Reserve System shall annually adjust the dollar amount referred
			 to in paragraph (1) in the Small Bank Holding Company Policy Statement on
			 Assessment of Financial and Managerial Factors by an amount equal to the
			 percentage increase, for the most recent year, in total assets held by all
			 insured depository institutions, as determined by the Board.
					(b)Increase in
			 debt-to-equity ratio of small bank holding companyBefore
			 the end of the 6-month period beginning on the date of the enactment of this
			 Act, the Board of Governors of the Federal Reserve System shall publish in the
			 Federal Register proposed revisions to the Small Bank Holding Company Policy
			 Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part
			 225—appendix C) such that the debt-to-equity ratio allowable for a small bank
			 holding company in order to remain eligible to pay a corporate dividend and to
			 remain eligible for expedited processing procedures under Regulation Y of the
			 Board of Governors of the Federal Reserve System would increase from 1:1 to
			 3:1.
				104.Community bank
			 protection under the Securities Investor Protection Act of 1970Section 9 of the Securities Investor
			 Protection Act of 1970 (15 U.S.C. 78fff–3) is amended by
			 adding at the end the following new subsection:

					(d)Community bank
				protection
						(1)In
				generalThe prohibition on
				advances in subsection (a)(5) shall not apply to a bank with total assets, on a
				consolidated basis, of less than $1,000,000,000.
						(2)Adjustment of
				amountThe Commission shall
				annually adjust the dollar amount in paragraph (1) by an amount equal to the
				percentage increase, for the most recent year, in total assets held by all
				depository institutions, as reported by the Federal Deposit Insurance
				Corporation.
						.
			105.Updating the
			 amount of small bank exception for cap on aggregate loans to
			 officersSubparagraph (C) of
			 section 22(h)(5) of the Federal Reserve Act (12 U.S.C. 375b(5)(C)) is
			 amended—
				(1)by striking
			 $100,000,000 of deposits and inserting $1,000,000,000 of
			 total assets (on a consolidated basis);
				(2)by
			 striking 2 times and inserting 4 times;
			 and
				(3)by
			 adding at the end the following new sentence: The Board shall annually
			 adjust the dollar amount in the 1st sentence of this subparagraph by an amount
			 equal to the percentage increase, for the most recent year, in total assets
			 held by all depository institutions, as reported by the Federal Deposit
			 Insurance Corporation..
				106.Consideration of
			 community bank impactBefore
			 establishing or making any revision in any regulation, requirement, or
			 guideline applicable to insured depository institutions (as that term is
			 defined in section 3 of the Federal Deposit Insurance Act), the appropriate
			 Federal banking agency (as that term is defined in such section) shall take
			 into account the effect of the establishment of the regulation, requirement, or
			 guideline on community banks and savings associations.
			107.Increase in
			 shareholder registration thresholdSubsection (g) of section 12 of the
			 Securities Exchange Act of 1934 (15 U.S.C. 78l(g)) is amended by
			 striking instrumentality of interstate commerce shall— and all
			 that follows through register such security by filing and
			 inserting instrumentality of interstate commerce and which has total
			 assets exceeding $1,000,000 and a class of equity security (other than an
			 exempted security) held of record by more than 1,000 persons shall register
			 such security by filing.
			IIAdditional
			 Regulatory Relief for Community Banks and their Customers
			201.Enhance customer
			 capital access
				(a)Optional
			 consumer waivers of right of rescissionSection 125(d) of the
			 Truth in Lending Act (15 U.S.C. 1635(d)) is
			 amended—
					(1)by striking
			 The Board may and
			 inserting

							Waivers of rescission
			 rights.—(1)Personal
				financial emergenciesThe Board
				may
							;
				and
					(2)by adding at the
			 end the following new paragraph:

							(2)Waivers when
				creditor is insured depository institutionThe Board shall prescribe regulations
				authorizing a consumer to waive the rights provided under this section when the
				creditor is an insured depository institution (as that term is defined in
				section 3(c)(2) of the Federal Deposit Insurance Act) in such manner and after
				such notice as the Board may
				prescribe.
							.
					(b)Exemption in
			 case of refinancing with no new money regardless of creditorSection 125(e)(2) of the Truth in Lending
			 Act (15 U.S.C.
			 1635(e)(2)) is amended by striking by the same
			 creditor.
				(c)Exempt home
			 equity lines of creditSection 125(e)(4) of the Truth in Lending
			 Act (15 U.S.C.
			 1635(e)(4)) is amended to read as follows:

						(4)advances under an
				open end consumer credit plan which provides for any extension of credit which
				is secured by the consumer’s principal
				dwelling.
						.
				202.Seasoned
			 customer CTR exemption
				(a)Short
			 titleThis section may be cited as the Seasoned Customer
			 CTR Exemption Act of 2007.
				(b)Seasoned Customer
			 ExemptionSection 5313(e) of title 31, United
			 States Code, is amended to read as follows:

						(e)Qualified
				Customer Exemption
							(1)In
				generalBefore the end of the 270-day period beginning on the
				date of the enactment of the Seasoned Customer CTR Exemption Act of 2007, the
				Secretary of the Treasury shall prescribe regulations that exempt any
				depository institution from filing a report pursuant to this section in a
				transaction for the payment, receipt, or transfer of United States coins or
				currency (or other monetary instruments the Secretary of the Treasury
				prescribes) with a qualified customer of the depository institution.
							(2)Qualified
				customer definedFor purposes of this section, the term
				qualified customer, with respect to a depository institution, has
				such meaning as the Secretary of the Treasury shall prescribe, which shall
				include any person that—
								(A)is incorporated or
				organized under the laws of the United States or any State, including a sole
				proprietorship (as defined in 31 C.F.R. 103.22(d)(6)(vii), as in effect on May
				10, 2006), or is registered as, and eligible to do business within, the United
				States or a State;
								(B)has maintained a
				deposit account with the depository institution for at least 12 months;
				and
								(C)has engaged, using
				such account, in multiple currency transactions that are subject to the
				reporting requirements of subsection (a).
								(3)Regulations
								(A)In
				generalThe Secretary of the Treasury shall prescribe regulations
				requiring a depository institution to file a 1-time notice of designation of
				exemption for each qualified customer of the depository institution.
								(B)Form and content
				of exemption noticeThe Secretary shall by regulation prescribe
				the form, manner, content, and timing of the qualified customer exemption
				notice and such notice shall include information sufficient to identify the
				qualified customer and the accounts of the customer.
								(C)Authority of
				secretary
									(i)In
				generalThe Secretary may suspend, reject, or revoke any
				qualified customer exemption notice, in accordance with criteria prescribed by
				the Secretary by regulation.
									(ii)ConditionsThe
				Secretary may establish conditions, in accordance with criteria prescribed by
				regulation, under which exempt qualified customers of an insured depository
				institution that is merged with or acquired by another insured depository
				institution will continue to be treated as designated exempt qualified
				customers of the surviving or acquiring
				institution.
									.
				(c)Periodic review
			 of reporting threshold and adjustment for inflationSection 5318
			 of title 31, United States Code, is amended by adding at the end the following
			 new subsection:

						(o)Periodic review
				of reporting threshold and adjustment for inflation
							(1)In
				generalBefore the end of the 90-day period beginning on the date
				of the enactment of the Seasoned Customer CTR Exemption Act of 2007, and at
				least every 5 years after the end of such period, the Secretary of the Treasury
				shall—
								(A)review the
				continuing appropriateness, relevance, and utility of each threshold amount or
				denomination established by the Secretary, in the Secretary’s discretion, for
				any report required by the Secretary under this subchapter; and
								(B)adjust each such
				amount, at such time and in such manner as the Secretary considers appropriate,
				for any inflation that the Secretary determines has occurred since the date any
				such amount was established or last adjusted, as the case may be.
								(2)ReportBefore
				the end of the 60-day period beginning upon the completion of any review by the
				Secretary of the Treasury under paragraph (1), the Secretary shall submit a
				report to the Congress containing the findings and conclusions of the Secretary
				in connection with such review, together with an explanation for any
				adjustment, or lack of adjustment, of any threshold amount or denomination by
				the Secretary as a result of such review, including the adjustment for
				inflation.
							.
				203.Exception to annual
			 privacy notice requirement under the Gramm-Leach-Bliley ActSection 503 of the Gramm-Leach-Bliley Act
			 (15 U.S.C.
			 6803) is amended by adding the following new
			 subsections:

					(f)Exception to
				annual notice requirementA
				financial institution that—
						(1)provides nonpublic personal information
				only in accordance with the provisions of subsection (b)(2) or (e) of section
				502 or regulations prescribed under section 504(b);
						(2)does not share
				information with affiliates under section 603(d)(2)(A) of the Fair Credit
				Reporting Act; and
						(3)has not changed its policies and practices
				with regard to disclosing nonpublic personal information from the policies and
				practices that were disclosed in the most recent disclosure sent to consumers
				in accordance with this subsection,
						shall not
				be required to provide an annual disclosure under this subsection until such
				time as the financial institution fails to comply with any criteria described
				in paragraph (1), (2), or (3).(g)Exception to
				notice requirementA
				financial institution shall not be required to provide any disclosure under
				this section if—
						(1)the financial institution is licensed by a
				State and is subject to existing regulation of consumer confidentiality that
				prohibits disclosure of nonpublic personal information without knowing and
				expressed consent of the consumer in the form of laws, rules, or regulation of
				professional conduct or ethics promulgated either by the court of highest
				appellate authority or by the principal legislative body or regulatory agency
				or body of any State of the United States, the District of Columbia, any
				territory of the United States, Puerto Rico, Guam, American Samoa, the Trust
				Territory of the Pacific Islands, the Virgin Islands, or the Northern Mariana
				Islands; or
						(2)the financial institution is licensed by a
				State and becomes subject to future regulation of consumer confidentiality that
				prohibits disclosure of nonpublic personal information without knowing and
				expressed consent of the consumer in the form of laws, rules, or regulation of
				professional conduct or ethics promulgated either by the court of highest
				appellate authority or by the principal legislative body or regulatory agency
				or body of any State of the United States, the District of Columbia, any
				territory of the United States, Puerto Rico, Guam, American Samoa, the Trust
				Territory of the Pacific Islands, the Virgin Islands, or the Northern Mariana
				Islands.
						.
			204.Privacy
			 protection of consumer reports during loan applicationSection 604(c) of the Fair Credit Reporting
			 Act (15 U.S.C.
			 1681b(c)) is amended by adding at the end the following new
			 paragraph

					(4)Report prompted
				by a request for a consumer report from another creditor prohibited
						(A)In
				generalA consumer reporting
				agency shall not furnish a consumer report if such action is prompted by a
				request for a consumer report from another creditor unless approved in writing
				by the consumer.
						(B)RegulationsThe Commission shall prescribe regulations
				in final form to enforce this paragraph before the end of the 180-day period
				beginning on the date of the enactment of the Communities First
				Act.
						.
			205.Update in the
			 special regulatory lending limit on loans to executive officersSection 22(g) of the Federal Reserve Act (12
			 U.S.C. 375a) is amended by inserting after paragraph (8) the following new
			 paragraph:

					(9)Limit applicable
				on aggregate amount of certain loans to executive officers of community
				banksNotwithstanding any
				regulation prescribed by the Board under paragraph (4) and subject to other
				conditions imposed under this subsection and subsection (h), the aggregate
				amount of extensions of credit that a member bank may make to an executive
				officer of the bank under paragraph (4) shall not exceed
				$250,000.
					.
			206.Reimbursement
			 for production of mandated records
				(a)Corporate
			 RecordsSection 1101(4) of
			 the Right to Financial Privacy Act of 1978 (12 U.S.C. 3401(4)) is amended by
			 inserting , except that, for purposes of section 1115, such term
			 includes any entity after fewer individuals.
				(b)Clarification of
			 scopeSection 1115(b) of the
			 Right to Financial Privacy Act of 1978 (12 U.S.C. 3415) is amended to read
			 as follows:

						(b)Clarification of
				scopeNotwithstanding the
				introductory clause to the first sentence of subsection (a), this section shall
				apply to all records required to be assembled or provided for any Federal law
				enforcement or investigative
				purpose.
						.
				207.Study by the
			 Comptroller General on implementation of commercial real estate
			 guidanceThe Comptroller
			 General shall conduct a study on the implementation, by any Federal banking
			 agency, of examiner guidance on concentrations in commercial real estate
			 lending, including the impact on—
				(1)local economies;
				(2)the regulatory
			 burden on banks
				(3)community bank
			 portfolios; and
				(4)community banks’
			 market share.
				IIITax
			 Relief for Bank Depositors, Rural Banks, Municipalities, Banks Organized as
			 Limited Liability Companies, Individual Savers, and Small Businesses
			301.Reduced rate and
			 deferral of income recognition on long-term certificates of deposit
				(a)Deferral of
			 income recognitionSection 451 of the Internal Revenue Code of
			 1986 (relating to general rule for taxable year of inclusion) is amended by
			 adding at the end the following new subsection:

						(j)Certificates of
				deposits held by cash basis individualsIn the case of an individual on the cash
				receipts and disbursements method of accounting who holds a nonnegotiable
				certificate of deposit, interest income which is not made available for
				withdrawal before maturity of the certificate without penalty shall not be
				includible in gross income before the certificate is redeemed or
				matures.
						.
				(b)Interest income
			 on long-term certificates of depositSubparagraph (A) of section
			 1(h)(11) of such Code is amended by striking increased by and
			 all that follows and inserting:

						increased by—(i)qualified dividend
				income, and
						(ii)interest income
				on any nonnegotiable certificate of deposit—
							(I)with a fixed
				maturity date which is 1 year or more from the date of issue, and
							(II)the interest on which is not made available
				for withdrawal before maturity without
				penalty.
							.
				(c)Effective
			 dateThe amendments made by this section shall apply to taxable
			 years beginning after the date of the enactment of this Act.
				302.Exclusion for
			 interest on loans secured by agricultural real property
				(a)In
			 generalPart III of
			 subchapter B of
			 chapter
			 1 of the Internal Revenue Code of 1986 (relating to items
			 specifically excluded from gross income) is amended by inserting after section
			 139A the following new section:

						139B.Interest on
				loans secured by agricultural real property
							(a)ExclusionGross income shall not include interest
				received by a qualified lender on any qualified real estate loan.
							(b)DefinitionsFor
				purposes of this section:
								(1)Qualified
				lenderThe term
				qualified lender means any bank or savings association the
				deposits of which are insured under the Federal Deposit Insurance Act (12
				U.S.C. 1811 et seq.).
								(2)Qualified real
				estate loanThe term
				qualified real estate loan means any loan secured by agricultural
				real estate or by a leasehold mortgage (with a status as a lien) on
				agricultural real estate. For purposes of the preceding sentence, the
				determination of whether property securing such loan is agricultural real
				estate shall be made as of the time the interest income on such loan is
				accrued.
								(3)Agricultural
				real estateThe term agricultural real estate
				means—
									(A)real property used for the production of 1
				or more agricultural products, and
									(B)any single family
				residence—
										(i)which is the principal residence (within
				the meaning of section 121) of its occupant,
										(ii)which is located in a rural area (as
				determined by the Secretary of Agriculture), which is not within a Metropolitan
				Statistical Area (as defined by the Office of Management and Budget) and which
				has a population (determined on the basis of the most recent decennial census
				for which data are available) of 2,500 or less, and
										(iii)which is purchased or improved with the
				proceeds of the qualified real estate loan.
										(c)Coordination
				with section 265Qualified
				real estate loans shall be treated as obligations described in section
				265(a)(2) the interest on which is wholly exempt from the taxes imposed by this
				subtitle.
							.
				(b)Clerical
			 amendmentThe table of
			 sections for such part III is amended by inserting after the item relating to
			 section 139A the following new item:

							Sec. 139B. Interest on loans secured by
				agricultural real
				property.

						.
				(c)Effective
			 dateThe amendments made by
			 this section shall apply to taxable years beginning after the date of the
			 enactment of this Act.
				303.Update in cap
			 on qualified small issue bonds
				(a)In
			 generalClause (i) of section
			 144(a)(4)(A) of the Internal Revenue Code of 1986 (relating to general rule for
			 $10,000,000 limit in certain cases) is amended by striking
			 $10,000,000 and inserting $30,000,000.
				(b)Adjustment of
			 cap for inflationSubsection (a) of section 144 of such Code
			 (relating to qualified small issue bond) is amended by redesignating paragraph
			 (12) as paragraph (13) and by inserting after paragraph (11) the following new
			 paragraph:

						(12)Inflation
				adjustmentIn the case of a
				calendar year after 2007, the $30,000,000 amount contained in paragraph
				(4)(A)(i) shall be increased by an amount equal to—
							(A)such dollar amount,
				multiplied by
							(B)the cost-of-living adjustment determined
				under section 1(f)(3) for such calendar year by substituting calendar
				year 2006 for calendar year 1992 in subparagraph (B)
				thereof.
							Any
				increase under the preceding sentence which is not a multiple of $100,000 shall
				be rounded to the next lowest multiple of
				$100,000..
				(c)Conforming
			 amendmentParagraph (4) of section 144(a) of such Code is amended
			 in the heading by striking $10,000,000 and inserting
			 $30,000,000.
				(d)Effective
			 dateThe amendments made by
			 this section shall apply to—
					(1)obligations issued
			 after the date of the enactment of this Act, and
					(2)capital
			 expenditures made after such date with respect to obligations issued on or
			 before such date.
					304.Limited
			 liability company tax treatment for FDIC-insured limited liability
			 companies
				(a)In
			 generalParagraph (2) of
			 section
			 7701(a) of the Internal Revenue Code of 1986 (defining
			 partnership and partner) is amended to read as follows:

						(2)Partner and
				partnership
							(A)In
				generalThe term
				partnership includes a syndicate, group, pool, joint venture, or
				other unincorporated organization, through or by means of which any business,
				financial operation, or venture is carried on, and which is not, within the
				meaning of this title, a trust or estate or a corporation; and the term
				partner includes a member in such a syndicate, group, pool, joint
				venture, or organization.
							(B)Election by
				certain banks to be taxed as partnerships
								(i)In
				generalAn eligible
				corporation may elect to be treated as a partnership for purposes of this
				title.
								(ii)Tax
				treatmentIn the case of an
				eligible corporation making an election under clause (i)—
									(I)no gain or loss
				shall be recognized to the corporation or the shareholders by reason of an
				election under clause (i), and
									(II)section 1374
				shall apply to the entity after such election.
									(iii)Eligible
				corporationThe term
				eligible corporation means any of the following entities which
				would (but for this subparagraph) be treated as a C corporation for purposes of
				this title:
									(I)Any bank (as
				defined in section 581).
									(II)Any bank holding company (as defined in
				section 2(a) of the Bank Holding Company Act of 1956 (12 U.S.C.
				1841(a))).
									(III)Any savings association (as defined in
				section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
				1813)).
									(IV)Any savings and
				loan holding company (as defined in section 10(a)(1)(D) of the Home Owners Loan
				Act).
									.
				(b)Effective
			 dateThe amendment made by this section shall apply to taxable
			 years beginning after the date of the enactment of this Act.
				305.Repeal of
			 individual alternative minimum tax
				(a)In
			 generalSection 55(a) of the Internal Revenue
			 Code of 1986 (relating to alternative minimum tax imposed) is amended by adding
			 at the end the following new flush sentence:

						Except in
				the case of a corporation, no tax shall be imposed by this section for any
				taxable year beginning after December 31, 2007, and the tentative minimum tax
				of any taxpayer other than a corporation for any such taxable year shall be
				zero for purposes of this
				title..
				(b)Modification of limitation on use of credit
			 for prior year minimum tax liabilitySubsection (c) of section 53 of the
			 Internal Revenue Code of 1986 (relating to credit for prior year minimum tax
			 liability) is amended to read as follows:

						(c)Limitation
							(1)In generalExcept as provided in paragraph (2), the
				credit allowable under subsection (a) for any taxable year shall not exceed the
				excess (if any) of—
								(A)the regular tax liability of the taxpayer
				for such taxable year reduced by the sum of the credits allowable under
				subparts A, B, D, E, and F of this part, over
								(B)the tentative minimum tax for the taxable
				year.
								(2)Taxable years beginning after
				2007In the case of any
				taxable year beginning after 2007, the credit allowable under subsection (a) to
				a taxpayer other than a corporation for any taxable year shall not exceed 90
				percent of the regular tax liability of the taxpayer for such taxable year
				reduced by the sum of the credits allowable under subparts A, B, D, E, and F of
				this
				part.
							.
				(c)Effective
			 dateThe amendment made by this section shall apply to taxable
			 years beginning after December 31, 2007.
				306.Young savers
			 accounts
				(a)In
			 generalSection 408A of the Internal
			 Revenue Code of 1986 (relating to Roth IRAs) is amended by adding at the end
			 the following new subsection:

						(g)Special rules for
				Roth IRAs for children
							(1)General
				ruleA Roth IRA maintained
				for the benefit of an individual who has not attained age 25 before the close
				of the taxable year shall be maintained under this section, as modified by this
				subsection.
							(2)Contribution
				limits
								(A)In
				generalFor so long as a Roth
				IRA is subject to this subsection, contributions to such Roth IRA shall be
				subject to this paragraph and not to subsection (c)(2), and subsection (c)(3)
				shall not apply.
								(B)LimitThe
				aggregate amount of contributions for any taxable year to all child Roth IRAs
				maintained for the benefit of an individual under this subsection shall not
				exceed the maximum amount allowable as a deduction under subsection (b)(1) of
				section 219 for such taxable year (computed without regard to subsections
				(b)(1)(B), (d)(1), and (g) of such
				section).
								.
				(b)Enforcement of
			 contribution limitsParagraphs (1)(B) and (2)(B) of section
			 4973(f) of such Code are each amended by striking and (c)(3) and
			 inserting , (c)(3), and (f)(2).
				(c)Effective
			 dateThe amendments made by this section shall apply to taxable
			 years beginning after December 31, 2007.
				307.Section 179
			 expensing for small businessSubsections (b)(1), (b)(2), (b)(5), (c)(2),
			 and (d)(1)(A)(ii) of section 179(b) (relating to election to expense certain
			 depreciable business assets) are each amended by striking and before
			 2010.
			IVTax
			 Relief for Community Banks and Holding Companies
			401.Limited tax
			 credit
				(a)C
			 corporationsSection 11 of the Internal Revenue
			 Code of 1986 (relating to tax imposed) is amended by adding at the end the
			 following new subsection:

						(e)Reduction of tax
				on community banks
							(1)In
				generalIn the case of a C corporation which is a community bank,
				the aggregate tax imposed by this section, section 55, and section 1201 shall
				be 80 percent of the aggregate tax which would (but for this subsection) be
				imposed by such sections.
							(2)Maximum
				reductionThe reduction in tax by reason of this subsection shall
				not exceed $250,000. Corporations treated as 1 corporation under section
				1202(d)(3) shall be so treated under this subsection, and the limitation under
				the preceding sentence shall be allocated among such corporations in such
				manner as the Secretary shall prescribe.
							(3)Increased
				benefit for banks operating in distressed areas, etc
								(A)In
				generalIn the case of a bank operating in an area referred to in
				subparagraph (B)—
									(i)paragraph (1)
				shall be applied by substituting 50 percent for 80
				percent, and
									(ii)paragraph (2) shall be applied by
				substituting $500,000 for $250,000.
									(B)Areas
				describedThe areas referred to in this subparagraph are—
									(i)empowerment zones
				and enterprise communities designated under section 1391,
									(ii)renewal
				communities designated under section 1400E,
									(iii)low-income
				communities (as defined in section 45D(e)), and
									(iv)distressed
				communities (within the meaning of section 233 of the Bank Enterprise Act of
				1991 (12 U.S.C.
				1834a(b)).
									(4)Community
				bankFor purposes of this
				section, the term community bank means any of the following
				entities the gross assets of which (determined under the rules of section
				1202(d)) are $5,000,000,000 or less:
								(A)Any bank (as
				defined in section 581).
								(B)Any bank holding company (as defined in
				section 2(a) of the Bank Holding Company Act of 1956 (12 U.S.C.
				1841(a))).
								(C)Any savings association (as defined in
				section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
				1813)).
								(D)Any savings and loan holding company (as
				defined in section 10(a)(1)(D) of the Home Owners Loan
				Act).
								.
				(b)S
			 corporationsSubsection (a) of section 1366 of such Code is
			 amended by adding at the end the following new paragraph:

						(3)Reduction of tax
				on community banks
							(A)In
				generalIn the case of an S corporation which is a community bank
				(as defined in section 11(e)(4)), the net amount required to be taken into
				account by shareholders (without regard to this paragraph) shall be reduced by
				the lesser of—
								(i)20
				percent of such net amount, or
								(ii)$1,250,000.
								(B)Increased
				benefit for banks operating in distressed areas, etcIn the case
				of a bank operating in an area referred to in section 11(e)(3)(B)—
								(i)subparagraph
				(A)(i) shall be applied by substituting 50 percent for 20
				percent, and
								(ii)subparagraph (A)(ii) shall be applied by
				substituting $2,500,000 for
				$1,250,000.
								.
				(c)Effective
			 dateThe amendments made by this section shall apply to taxable
			 years beginning after the date of the enactment of this Act.
				402.Community bank
			 relief from minimum tax
				(a)In
			 generalSection 55 of the Internal Revenue
			 Code of 1986 (relating to alternative minimum tax imposed) is amended by adding
			 at the end the following new subsection:

						(f)Exemption for
				community banks
							(1)In
				generalThe tentative minimum
				tax of a community bank (as defined in section 11(e)(4)) shall be zero.
							(2)Certain rules to
				applyRules similar to the rules of paragraphs (2) through (5) of
				subsection (e) shall apply for purposes of this
				subsection.
							.
				(b)Effective
			 dateThe amendments made by this section shall apply to taxable
			 years beginning after the date of the enactment of this Act.
				VSmall
			 Business Subchapter S Reforms
			501.Increasing
			 Shareholder Limit for Subchapter S to 150
				(a)In
			 generalSection 1361(b)(1)(A)
			 of the Internal Revenue Code of 1986 (defining small business corporation) is
			 amended by striking 100 and inserting 150.
				(b)Effective
			 dateThe amendment made by
			 this section shall apply to taxable years beginning after December 31,
			 2007.
				502.Issuance of
			 preferred stock permitted for subchapter S corporations
				(a)In
			 generalSection 1361 of such Code (defining S corporation) is
			 amended by adding at the end the following new subsection:

						(f)Treatment of
				qualified preferred stock
							(1)In
				generalFor purposes of this subchapter—
								(A)qualified preferred
				stock shall not be treated as a second class of stock, and
								(B)no person shall be
				treated as a shareholder of the corporation by reason of holding qualified
				preferred stock.
								(2)Qualified
				preferred stock definedFor purposes of this subsection, the term
				qualified preferred stock means stock which meets the requirements
				of subparagraphs (A), (B), and (C) of section 1504(a)(4). Stock shall not fail
				to be treated as qualified preferred stock merely because it is convertible
				into other stock.
							(3)DistributionsA
				distribution (not in part or full payment in exchange for stock) made by the
				corporation with respect to qualified preferred stock shall be includible as
				ordinary income of the holder and deductible to the corporation as an expense
				in computing taxable income under section 1363(b) in the year such distribution
				is
				received.
							.
				(b)Conforming
			 amendments
					(1)Paragraph (1) of
			 section 1361(b) of such Code is amended by inserting , except as
			 provided in subsection (f), before which does
			 not.
					(2)Subsection (a) of
			 section 1366 of such Code is amended by adding at the end the following new
			 paragraph:

							(3)Allocation with
				respect to qualified preferred stockThe holders of qualified
				preferred stock (as defined in section 1361(f)) shall not, with respect to such
				stock, be allocated any of the items described in paragraph
				(1).
							.
					(3)Clause (ii) of
			 section 354(a)(2)(C) of such Code is amended—
						(A)in the header by
			 inserting and S
			 corporations after corporations; and
						(B)by striking
			 subclause (I) and inserting the following:

								(I)In
				generalClause (i) shall not apply in the case of a
				recapitalization under section 368(a)(I)(E) of a family-owned corporation or S
				corporation.
								.
						(4)Subsection (a) of
			 section 1373 of such Code is amended by striking and at the end
			 of paragraph (1), by striking the period at the end of paragraph (2) and
			 inserting , and, and by adding at the end the following new
			 paragraph:

							(3)no amount of an
				expense deductible under this subchapter by reason of section 1361(f)(3) shall
				be apportioned or allocated to such
				income.
							.
					(c)Effective
			 dateThe amendments made by this section shall apply to taxable
			 years beginning after December 31, 2007.
				503.Treatment of
			 qualifying director shares
				(a)In
			 generalSection 1361 of the Internal
			 Revenue Code of 1986 (defining S corporation), as amended by section 502(a), is
			 amended by adding at the end the following new subsection:

						(g)Treatment of
				qualifying director shares
							(1)In
				generalFor purposes of this subchapter—
								(A)qualifying
				director shares shall not be treated as a second class of stock, and
								(B)no person shall be
				treated as a shareholder of the corporation by reason of holding qualifying
				director shares.
								(2)Qualifying
				director shares definedFor purposes of this subsection, the term
				qualifying director shares means any shares of stock in a bank (as
				that term is defined in section 581) or in a bank holding company registered as
				such with the Federal Reserve System—
								(A)which are held by
				an individual solely by reason of status as a director of such bank or company
				or its controlled subsidiary, and
								(B)which are subject
				to an agreement pursuant to which the holder is required to dispose of the
				shares of stock upon termination of the holder’s status as a director at the
				same price as the individual acquired such shares of stock.
								(3)DistributionsA
				distribution (not in part or full payment in exchange for stock) made by the
				corporation with respect to qualifying director shares shall be includible as
				ordinary income of the holder and deductible to the corporation as an expense
				in computing taxable income under section 1363(b) in the year such distribution
				is
				received.
							.
				(b)Conforming
			 amendments
					(1)Section 1361(b)(1)
			 of the Internal Revenue Code of 1986, as amended by section 502(b), is amended
			 by striking subsection (f) and inserting subsections (f)
			 and (g).
					(2)Section 1366(a) of
			 such Code, as amended by section 502(b), is amended by adding at the end the
			 following new paragraph:

							(4)Allocation with
				respect to qualifying director sharesThe holders of qualifying
				director shares (as that term is defined in section 1361(g)) shall not, with
				respect to such shares of stock, be allocated any of the items described in
				paragraph
				(1).
							.
					(3)Section 1373(a) of
			 such Code, as amended by section 502(b), is amended—
						(A)by striking
			 and at the end of paragraph (2);
						(B)by striking the
			 period at the end of paragraph (3) and inserting , and;
						(C)and adding at the
			 end the following new paragraph:

								(4)no amount of an
				expense deductible under this subchapter by reason of section 1361(g)(3) shall
				be apportioned or allocated to such
				income.
								.
						(c)Effective
			 dateThe amendments made by this section shall apply to taxable
			 years beginning after December 31, 2007.
				504.Recapture of bad
			 debt reservesNotwithstanding
			 section
			 481 of the Internal Revenue Code of 1986, with respect to any S
			 corporation election made by any bank in taxable years beginning after December
			 31, 1996, such bank may recognize built-in gains from changing its accounting
			 method for recognizing bad debts from the reserve method under section 585 or
			 593 of such Code to the charge-off method under section 166 of such Code either
			 in the taxable year ending with or beginning with such an election.
			VISmall Business
			 Lending Enhancements
			601.Reduced fees for
			 section 7(a) loansSection 7(a) of the Small Business Act (15
			 U.S.C. 636(a)) is amended—
				(1)in paragraph
			 (23)(C)—
					(A)in the matter
			 preceding clause (i), by striking may be reduced, and all that
			 follows through guarantees— and inserting may be
			 reduced—; and
					(B)in clause (i), by striking , to the
			 maximum extent possible; and
					(2)by adding at the
			 end the following new paragraph:

						(32)Fee
				reductionAmounts
				appropriated or otherwise made available to the Administrator for the purpose
				of fee reduction shall be used by the Administrator to reduce the fee
				percentages in effect under paragraphs (18)(A) and (23)(A), to the maximum
				extent
				possible.
						.
				602.Low
			 documentation loan program made mandatorySection 7(a) of the Small Business Act (15
			 U.S.C. 636(a)) (as amended by section 601 of this title) is amended—
				(1)in paragraph (25),
			 by striking subparagraph (C); and
				(2)by inserting after paragraph (32) (as added
			 by section 601(2) of this title) the following new paragraph:

						(33)Low
				documentation loan program
							(A)In
				generalThe Administrator
				shall carry out a low documentation loan program for loans of $250,000 or less
				only through lenders with significant experience in making small business
				loans.
							(B)RegulationsNot later than 45 days after the date of
				the enactment of this paragraph, the Administrator shall prescribe regulations
				defining the experience necessary for participation as a lender in the low
				documentation loan
				program.
							.
				603.Effective
			 dateThe amendments made by
			 sections 601 and 602 shall apply for fiscal years beginning with fiscal year
			 2008.


109 HR 6003 IH: Psychological Kevlar Act of

U.S. House of Representatives
2006-07-28
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
		2d Session
		H. R. 6003
		IN THE HOUSE OF REPRESENTATIVES

			July 28, 2006
			Mr. Kennedy of Rhode
			 Island introduced the following bill; which was referred to the
			 Committee on Armed
			 Services

		A BILL
		To reduce post traumatic stress disorder and other
		  combat-related stress disorders among military personnel, and for other
		  purposes.

		1.Short titleThis Act may be cited as the
			 Psychological Kevlar Act of
			 2006.
		2.PurposeThe purpose of this Act is to reduce the
			 number of psychological casualties among military personnel by providing
			 members of the Armed Forces entering combat with the training, supports, and
			 other evidence-based measures necessary to improve their psychological
			 resilience and reduce their susceptibility to post-traumatic stress disorder
			 and other stress-related psychopathologies.
		3.Plans for reducing
			 post traumatic stress disorder
			(a)Plan for
			 prevention
				(1)In
			 generalThe Secretary of Defense shall develop and implement a
			 plan to incorporate evidence-based preventive and early-intervention measures,
			 practices, or procedures that reduce the likelihood that personnel in combat
			 will develop post-traumatic stress disorder or other stress-related
			 psychopathologies (including substance use conditions) into—
					(A)basic and
			 pre-deployment training for enlisted members of the Armed Forces,
			 noncommissioned officers, and officers;
					(B)combat theater
			 operations; and
					(C)post-deployment
			 service.
					(2)UpdatesThe
			 Secretary of Defense shall update the plan under paragraph (1) periodically to
			 incorporate, as the Secretary considers appropriate, the results of relevant
			 research, including research conducted pursuant to section 4.
				(b)ResearchSubject
			 to section 4, the Secretary of Defense shall conduct and fund, in consultation
			 with the Department of Veterans Affairs, the National Institutes of Health, and
			 the National Academy of Sciences, such research as is necessary to develop the
			 plan described in subsection (a).
			(c)Outreach and
			 education
				(1)Training program
			 for officersThe Secretary of Defense shall develop and implement
			 a training program to educate and promote understanding and awareness among
			 commissioned officers and non-commissioned officers about the signs and risks
			 of combat stress as well as the signs and risks of stress-related
			 psychopathology (including substance use conditions). Training should include
			 decisions-making tools for making a referral for follow-up care.
				(2)Training program
			 for medical professionalsThe Secretary of Defense shall develop
			 and implement a training program to educate front-line medical professionals
			 and primary care providers about the signs and risks of combat stress as well
			 as the signs and risks of stress-related psychopathology (including substance
			 use conditions).
				(3)Education of
			 members of armed forcesThe Secretary of Defense shall educate
			 members of the Armed Forces and their families to recognize signs of combat
			 stress, provide members pre-deployment combat stress management training, and
			 increase outreach and access to members and their families about programs and
			 treatment options (such as individual and family therapy) that mitigate the
			 negative impact of combat stress on the returning member.
				(4)Information
			 disseminationThe Secretary of Defense shall work with the
			 Department of Veterans Affairs and the National Institutes of Health to
			 research and implement best practices for information dissemination to enlisted
			 personnel, officers, unit commanders, primary care providers and other medical
			 personnel, and families of members of the Armed Forces.
				4.Evidence-based
			 research and training
			(a)Working
			 groupThe Secretary of
			 Defense shall establish, in coordination with the Department of Veterans
			 Affairs, the National Institutes of Health, and the National Academy of
			 Sciences’ Institute of Medicine, a working group tasked with researching and
			 developing evidence-based measures, practices, or procedures that reduce the
			 likelihood that personnel in combat will develop post-traumatic stress disorder
			 or other stress-related psychological pathologies (including substance use
			 conditions). The working group shall include personnel with experience in a
			 combat theater, and behavioral health personnel who have experience providing
			 treatment to individuals with experience in a combat theater.
			(b)Peer-reviewed
			 research programThe Secretary of Defense shall establish a new
			 Peer-Reviewed Research program within the Defense Health Program’s research and
			 development function to research and develop evidence-based preventive and
			 early intervention measures, practices, or procedures that reduce the
			 likelihood that personnel in combat will develop post-traumatic stress disorder
			 or other stress-related psychopathologies (including substance use conditions).
			 There is authorized to be appropriated to carry out this subsection $50,000,000
			 for fiscal year 2007 and such sums as may be necessary thereafter.
			(c)ReportThe
			 Secretary of Defense shall submit to Congress annually a report on the
			 following:
				(1)The status of
			 research conducted under this section.
				(2)The status of the
			 plan required under section 3(a) and the expected timeline for the
			 implementation of the plan.
				(3)After the plan
			 under section 3(a) has been implemented, the status of the implementation,
			 including measures of the plan’s impact on psychological casualty rates.
				(d)FacilitationThe
			 Secretary of Defense shall take such steps as practicable to facilitate the
			 ability of investigators funded under this section to work with active-duty
			 military personnel in the course of their research.


116 SRES 17 ATS: Congratulating the North Dakota State University football team for winning the 2018 National Collegiate Athletic Association Division I Football Championship Subdivision title.
U.S. Senate

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.

		III
		116th CONGRESS
		1st Session
		S. RES. 17
		IN THE SENATE OF THE UNITED STATES

			January 14, 2019
			Mr. Hoeven (for himself and Mr. Cramer) submitted the following resolution; which was considered and agreed to

		RESOLUTION
		Congratulating the North Dakota State University football team for winning the 2018 National
			 Collegiate Athletic Association Division I Football Championship
			 Subdivision title.

 Whereas the North Dakota State University (referred to in this preamble as NDSU) Bison football team won the 2018 National Collegiate Athletic Association (referred to in this preamble as the NCAA) Division I Football Championship Subdivision title game in Frisco, Texas, on January 5, 2019, in a convincing victory over the Eastern Washington University Eagles by a score of 38 to 24;
 Whereas, with the 2018 NCAA Division I Football Championship Subdivision title, NDSU has now won 15 NCAA football championships;
 Whereas NDSU has won 7 of the last 8 NCAA Division I Football Championship Subdivision titles, an exceptional achievement that is unprecedented in modern collegiate football history;
 Whereas the NDSU Bison completed the 2018 NCAA football season with a perfect record of 15 wins and 0 losses, displaying extraordinary resilience and skill;
 Whereas head coach Chris Klieman and the entire coaching staff led the NDSU Bison to an outstanding total of 69 wins and 4 national championships during the 5 seasons that Chris Klieman was head coach at NDSU, instilling character and perseverance in the members of the NDSU football program;
 Whereas an estimated 17,000 NDSU Bison fans attended the championship game, reflecting the tremendous spirit and determination of Bison Nation that has helped propel the success of the team; and
 Whereas the 2018 NCAA Division I Football Championship Subdivision title was a victory not only for the NDSU football team, but also for the entire State of North Dakota: Now, therefore, be it

 That the Senate— (1)congratulates the North Dakota State University Bison football team as the champions of the 2018 National Collegiate Athletic Association Division I Football Championship Subdivision;
 (2)commends the players, coaches, and staff of North Dakota State University for— (A)their hard work and dedication; and
 (B)fostering a continuing tradition of excellence; and (3)recognizes the students, alumni, and loyal fans who supported the North Dakota State University Bison football team during a successful quest to bring home another National Collegiate Athletic Association Division I Football Championship Subdivision trophy for North Dakota State University.


I
One Hundred Twelfth Congress of the United States of America At the Second SessionBegun and held at the City of Washington on Tuesday, the third day of January, two thousand and twelve
H. R. 5837

AN ACT
To designate the facility of the United States Postal Service located at 26 East Genesee Street in Baldwinsville, New York, as the Corporal Kyle Schneider Post Office Building.

1.Corporal Kyle Schneider Post Office Building
(a)DesignationThe facility of the United States Postal Service located at 26 East Genesee Street in Baldwinsville, New York, shall be known and designated as the Corporal Kyle Schneider Post Office Building.
(b)ReferencesAny reference in a law, map, regulation, document, paper, or other record of the United States to the facility referred to in subsection (a) shall be deemed to be a reference to the Corporal Kyle Schneider Post Office Building.
 Speaker of the House of Representatives.Vice President of the United States and President of the Senate.


		I
		111th CONGRESS
		1st Session
		H. R. 4256
		IN THE HOUSE OF REPRESENTATIVES

			December 9, 2009
			Ms. Linda T. Sánchez of
			 California (for herself, Mr.
			 Heller, Ms. Berkley, and
			 Mr. Nunes) 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 the American Recovery and Reinvestment Tax Act
		  of 2009 to allow specified energy property grants to real estate investment
		  trusts without regard to the ratable share income limitations.

		1.Short titleThis Act may be cited as the
			 Sustainable Property Grants Act of
			 2009.
		2.Elimination of
			 REIT ratable share limitation for ARRA grants with respect to specified energy
			 property
			(a)In
			 generalSubsection (f) of
			 section 1603 of the American Recovery and Reinvestment Tax Act of 2009 is
			 amended by inserting after Code of 1986 the following: ,
			 except that subsection (d)(1) thereof shall not apply in the case of a real
			 estate investment trust (as defined in section 856 of such
			 Code).
			(b)Effective
			 dateThe amendment made by this section shall apply to grants
			 made after the date of the enactment of this Act.


117 HR 4891 IH: Net-Negative Carbon Dioxide Baseload Power Act
U.S. House of Representatives
2021-07-30
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
117th CONGRESS1st Session
H. R. 4891
IN THE HOUSE OF REPRESENTATIVES

July 30, 2021
Mr. McKinley introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Science, Space, and Technology, 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 require the Secretary of Energy to establish a net-negative carbon dioxide baseload power development and commercialization program, and for other purposes.

1.Short titleThis Act may be cited as the Net-Negative Carbon Dioxide Baseload Power Act. 2.FindingsCongress finds the following:
(1)Electricity, like air, food, and water, is one of life’s necessities. (2)The Department of Energy properly concluded in its January 2017 report to Congress, titled Valuation of Energy Security for the United States, the following:
(A)Electricity is essential for supporting and sustaining nearly every sector of the modern economy ranging from industrial output and services to national security.. (B)A secure, reliable electric power sector is necessary for economic growth, public safety, societal well-being and proper functioning of critical infrastructure, national security defense, lifeline networks, transportation communications, water and sewer..
(C)Without access to reliable electricity much of the economy and all electricity-enabled critical infrastructure are at risk.. (3)The service and reliability of the electric grid of the United States depends significantly on baseload coal-fueled power plants.
(4)Communities across the Nation are dependent upon, for electricity supply and their economic well-being, coal-fueled power plants and a healthy coal supply chain industry. (5)Power plants, co-fueled by coal and biomass, that incorporate carbon capture, utilization, and storage, have net-negative carbon dioxide emissions.
(6)Baseload power plants, co-fueled by coal and biomass, that incorporate carbon capture can provide a steady supply of carbon dioxide for the manufacture of carbon-based chemicals, carbon-based building materials, and other value-added products which can use carbon dioxide. (7)The Federal Government is likely to adopt climate change policies that abruptly drive reduction in greenhouse gas emissions. As a result, the Federal Government should also incentivize the commercialization of net-negative carbon dioxide power plant technology to achieve emissions reduction targets, improve the reliability of the United States electricity grid, and protect coal communities from devastating economic loss.
(8)The United States should lead the world in developing 21st century net-negative baseload power technologies that will allow developing countries to continue to use their domestic energy resources, meet climate goals, and provide a steady source of carbon dioxide for carbon-based products that contribute to economic growth and social development. 3.Establishment of a net-negative carbon dioxide baseload development and commercialization power program (a)In generalThe Energy Policy Act of 2005 (42 U.S.C. 16291 et seq.) is amended by adding at the end of subtitle F of title IX, the following:

970.Net-negative carbon dioxide baseload power development and commercialization program
(a)Definitions
(1)Construction phaseThe term construction phase means, with respect to an eligible project, the period between a project’s final investment decision and commencement of commercial operations. (2)Eligible projectThe term eligible project means a project to design, develop, construct, and operate a combustion- or gasification-based baseload electricity generating project, which meets the criteria published under subsection (c) and, when operating, has net-negative carbon dioxide emissions.
(3)Final investment decisionThe term final investment decision means, with respect to an eligible project, the time in the project planning process when the decision to make major financial commitments is taken.  (4)Fuel supply chainThe term fuel supply chain means, with respect to an eligible project, the principal industrial activities associated with the production, processing, storage, and transportation of fuel to the eligible project.
(5)Net-negative carbon dioxide emissionsThe term net-negative carbon dioxide emissions means that the annual amount of carbon dioxide emitted by an eligible project, including the project’s fuel supply chain, conversion of fuel to electricity and co-products, carbon capture and storage, and other directly associated onsite activities, less the amount of carbon dioxide permanently stored by the project including the project’s fuel supply chain, conversion of fuel to electricity and co-products, carbon capture and storage, and other directly associated onsite activities, is a negative amount. (6)Non-routine eventThe term non-routine event means, with respect to a coal-fueled power plant, an event, typically not planned, that interrupts routine operation, including equipment failure, fuel supply chain disruption, and pipeline interruption.
(7)Operations phaseThe term operations phase means, with respect to an eligible project, the period between commencement of commercial operations and permanent cessation of commercial operations. (8)Project concept study phaseThe term project concept study phase means, with respect to an eligible project, a study conducted prior to the project development phase, to develop—
(A)the basic project concept; (B)high-level project economics;
(C)a description of the technology or technologies that will be used for the eligible project; (D)a compilation of the required permits and plan for securing them;
(E)project partners; and (F)project plans, including schedules.
(9)Project development phaseThe term project development phase means, with respect to an eligible project, the period between completion of the project concept study and the final investment decision. The project development phase includes, with respect to an eligible project— (A)engineering design work;
(B)legal work; (C)supplemental surface and subsurface rights acquisition;
(D)site-specific geologic characterization work; (E)permitting;
(F)stakeholder engagement; and (G)other activities necessary to support a successful final investment decision on the eligible project.
(10)Routine operationThe term routine operation means, with respect to a coal-fueled power plant, typically expected operation of such coal-fueled power plant, including start-ups, regular operations, planned shutdowns, and maintenance. (b)Establishment (1)In generalThe Secretary shall establish a net-negative carbon dioxide baseload power development and commercialization program to—
(A)facilitate the redevelopment of existing coal-fueled power plant sites with technology that enables baseload coal- and biomass-fueled power generation that has net-negative carbon dioxide emissions; and (B)lessen the negative economic impact from climate change policies on communities dependent upon coal-fueled power plants.
(2)Eligible projectsIn carrying out the program established under paragraph (1), the Secretary shall establish a competitive, merit-reviewed process, with multiple closing dates for applications that are not more than quarterly and not less than semiannually, to provide financial assistance to projects that will redevelop existing coal-fueled power plant sites to supply net-negative baseload power. (c)CriteriaThe Secretary shall publish criteria in the Federal Register for eligible projects, including that—
(1)eligible projects shall— (A)involve redevelopment of existing coal-fueled power plants at the same general site;
(B)incorporate carbon capture, utilization, and storage technology; (C)provide baseload power generation;
(D)use at least 70 percent coal, based on energy content, as fuel during the operations phase; and (E)include meaningful participation by the owner of the existing coal-fueled power plant asset to be redeveloped at the initiation of the concept study phase;
(2)eligible projects may— (A)on an annual basis, use up to 30 percent biomass or other non-coal fuels combined, based on energy content;
(B)buy verifiable carbon dioxide offsets to offset carbon dioxide emissions from non-routine events; (C)permanently store carbon dioxide onsite or offsite;
(D)transport captured carbon dioxide via an onsite or offsite dedicate pipeline, or shared pipeline, to permanent storage; (E)co-produce carbon-free fuel, including hydrogen or ammonia, that is used as fuel onsite or offsite; and
(F)incorporate direct air capture technology, provided that the captured carbon dioxide is combined with the primary stream of carbon dioxide captured at the plant; and (3)eligible projects may not buy carbon dioxide offsets for carbon dioxide emissions from routine operations, other than offsets directly gained through the project’s fuel supply chain.
(d)Program implementationIn implementing the program established under subsection (b), the Secretary shall— (1)make grants for project concept studies;
(2)provide an opportunity for persons who have successfully completed a project concept study using a grant provided pursuant to paragraph (1) to enter into cooperative agreements for continuing Federal financial assistance for the subsequent phases of an eligible project; (3)structure the program to allow grant recipients for eligible projects to move without time lags between the project concept study phase and project development phase;
(4)recognize eligible projects as projects meeting the requirements of section 1703(a)(1); (5)during the project development phase, based on satisfactory progress towards a final investment decision and financial need, make one or more conditional commitments to one or more incentives that will increase the likelihood of commercial financing, construction, and successful operation of the eligible project, including—
(A)construction cost-sharing, including acquisition of additional surface and subsurface rights; (B)start-up cost-sharing;
(C)a financially backed completion guarantee;  (D)a financially backed performance guarantee;
(E)financially backed operating contracts for differences;  (F)a loan guarantee;
(G)indemnification for third-party claims against the eligible project and its asset owners, which are associated with a carbon dioxide storage site that has been certified as safely closed by the State with jurisdiction over the associated injection wells, as long as Federal indemnification does not substitute for indemnification or insurance programs reasonably available from third-party insurers; and (H)financial reserves or fees to support eligible projects acquiring insurance;
(6)ensure close coordination and substantial information sharing between the offices of the Department that are administering such program and title XVII of this Act;  (7)assess the economics, performance, and risks associated with each eligible project to provide reasonable assurances that the sum of incentives provided by the Department—
(A)are adequate to give eligible projects an opportunity to attract commercial financing; and (B)do not over incentivize the eligible project;
(8)establish one or more trust funds to hold the Federal funds associated with the program; and (9)deposit amounts made available to carry out the program into the trust funds established pursuant to paragraph (8) into the program trust within 90 days of receipt.
(e)ExpendituresAmounts in the trust funds established pursuant to subsection (d)(8) shall be available, without further appropriation, to carry out the program established under subsection (b). (f)Cost-Sharing (1)Project concept studiesThe Secretary may provide grants of up to $5,000,000 for project concept studies per eligible project.
(2)Cost sharing for project development phaseThe Secretary shall require successful applicants of eligible projects to provide 10 percent non-Federal cost-share for costs incurred for activities during the project development phase.  (3)Cost sharing for construction phaseThe Secretary shall determine the non-Federal cost-sharing for the construction phase of each eligible project based on project need, and the amount of Federal construction-related incentives provided, under this program and any construction-related Department loan guarantees, shall not exceed the amount specified in section 1702(c).
(4)Loan guarantee program feesFees paid pursuant to section 1702(h) are considered an allowable expense of funds made available for the program established under subsection (b).  (5)Tax creditsFederal tax credits shall not count against the maximum non-Federal cost-sharing provisions of this section.
(g)Authorization of appropriationsThere is authorized to be appropriated to the Secretary for grants for project concept studies, and for administrative expenses for the program established under subsection (b), $300,000,000 to remain available until expended.. (b)Table of contentsThe table of contents for the Energy Policy Act of 2005 is amended by adding after the item relating to section 969D the following:

Sec. 970. Net-negative carbon dioxide baseload power development and commercialization program. .


I
108th CONGRESS
2d Session
H. R. 4404
IN THE HOUSE OF REPRESENTATIVES

May 19, 2004
Mrs. Myrick introduced the following bill; which was referred to the Committee on Ways and Means

A BILL
To suspend temporarily the duty on Benzamide, 3-amino-N-[2-[[2-(sulfooxy)ethyl]sulfonyl]ethyl]-.

1.Temporary suspension of duty
(a)In generalSubchapter II of chapter 99 of the Harmonized Tariff Schedule of the United States is amended by inserting in numerical sequence the following new heading:

9902.01.03Benzamide, 3-amino-N-[2-[[2-(sulfooxy)ethyl]sulfonyl]ethyl]- (CAS No. 121315-20-6) (provided for in subheading 2930.90.29)FreeFreeNo changeOn or before 12/31/07
(b)Effective dateThe amendment made by subsection (a) applies with respect to goods entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment of this Act.


115 HR 4076 IH: Seniors’ Security Act of 2017
U.S. House of Representatives
2017-10-16
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.

I115th CONGRESS1st SessionH. R. 4076IN THE HOUSE OF REPRESENTATIVESOctober 16, 2017Mr. Norcross introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Energy and Commerce, Armed Services, and Oversight and Government Reform, 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 title II of the Social Security Act to provide for cost-of-living adjustments indexed to
			 the Consumer Price Index for the Elderly, and for other purposes.

 1.Short titleThis Act may be cited as the Seniors’ Security Act of 2017. 2.Use of Consumer Price Index for the Elderly for cost-of-living adjustments of social security benefits (a)In generalSection 215(i)(1) of the Social Security Act (42 U.S.C. 415(i)(1)) is amended by adding at the end the following new subparagraph:

 (H)the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor)..
			(b)Application to pre-1979 law
 (1)In generalSection 215(i)(1) of the Social Security Act as in effect in December 1978, and as applied in certain cases under the provisions of such Act as in effect after December 1978, is amended by adding at the end the following new subparagraph:

 (D)the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor)..
 (2)Conforming changeSection 215(i)(4) of the Social Security Act (42 U.S.C. 415(i)(4)) is amended by inserting and by section 2 of the Seniors’ Security Act of 2017 after 1986. (c)Publication of Consumer Price Index for Elderly ConsumersThe Bureau of Labor Statistics of the Department of Labor shall prepare and publish the index authorized by section 191 of the Older Americans Amendments Act of 1987 (29 U.S.C. 2 note) for each calendar month, beginning with July of the calendar year following the calendar year in which this Act is enacted, and such index shall be known as the Consumer Price Index for Elderly Consumers.
 (d)Effective dateThe amendments made by this section shall apply to determinations made with respect to cost-of-living computation quarters (as defined in section 215(i)(1)(B) of the Social Security Act (42 U.S.C. 415(i)(1)(B))) ending on or after September 30 of the second calendar year following the calendar year in which this Act is enacted.
			3.Use of Consumer Price Index for the Elderly for cost-of-living adjustments of Federal annuities
 (a)CSRS and FERSSection 8331(15) of title 5, United States Code, is amended to read as follows:  (15)price index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor);.
 (b)ApplicabilityThe amendments made by this section shall apply to determinations made with respect to cost-of-living computation quarters ending on or after September 30 of the second calendar year following the calendar year in which this Act is enacted.
			4.Use of Consumer Price Index for the Elderly for cost-of-living adjustments of retired pay and
			 retainer pay of members of the Armed Forces
 (a)In generalSection 1401a(g)(1) of title 10, United States Code, is amended by striking Consumer Price Index (all items, United States city average) and inserting Consumer Price Index for the Elderly. (b)Application of amendmentThe amendment made by subsection (a) shall apply only to adjustments of retired and retainer pay of members of the Armed Forces effective after the date of the enactment of this Act.
 5.Limitation on certain increases in Medicare part B premiumsSection 1839(f) of the Social Security Act (42 U.S.C. 1395r(f)) is amended in the first sentence— (1)by striking such increase would reduce and inserting the following:

 such increase—(1)for calendar years beginning before the date of the enactment of section 5 of the Seniors’ Security Act of 2017, would reduce; and (2)by striking the period at the end and inserting the following:

 ; and(2)for calendar years beginning on or after the date of the enactment of section 5 of the Seniors’ Security Act of 2017, would exceed 30 percent of the difference between the amount of benefits payable to that individual for that December and the amount of benefits payable to that individual for that November (both amounts determined before the deduction of a premium under this section)..


109 HR 2972 IH: To suspend temporarily the duty on 2-Naphthalenesulfonic acid, 6-[(2,4-diaminophenyl)azo]-3-[[4-[[4-[[7-[(2,4-diaminophenyl azo]-1-hydroxy-3-sulfo-2-naphthalenyl]azo]phenyl]amino]-3- sulfophenyl]azo]-4-hydroxy-, trisodium salt.
U.S. House of Representatives
2005-06-17
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. 2972
IN THE HOUSE OF REPRESENTATIVES

June 17, 2005
Mrs. Myrick introduced the following bill; which was referred to the Committee on Ways and Means

A BILL
To suspend temporarily the duty on 2-Naphthalenesulfonic acid, 6-[(2,4-diaminophenyl)azo]-3-[[4-[[4-[[7-[(2,4-diaminophenyl azo]-1-hydroxy-3-sulfo-2-naphthalenyl]azo]phenyl]amino]-3- sulfophenyl]azo]-4-hydroxy-, trisodium salt.

1.2-Naphthalenesulfonic acid, 6-[(2,4-diaminophenyl)azo]-3-[[4-[[4-[[7-[(2,4-diaminophenyl)azo]-1-hydroxy-3-sulfo-2-naphthalenyl]azo]phenyl]amino]-3- sulfophenyl]azo]-4-hydroxy-, trisodium salt
(a)In generalSubchapter II of chapter 99 of the Harmonized Tariff Schedule of the United States is amended by inserting in numerical sequence the following new heading:

9902.22.01 2-Naphthalenesulfonic acid, 6-[(2,4-diaminophenyl)azo]-3-[[4-[[4-[[7-[(2,4-diaminophenyl)azo]-1-hydroxy-3-sulfo-2-naphthalenyl]azo]phenyl]amino]-3- sulfophenyl]azo]-4-hydroxy-, trisodium salt (CAS No. 6473-13-8) (provided for in subheading 3204.14.50)FreeNo changeNo changeOn or before 12/31/2008
(b)Effective dateThe amendment made by subsection (a) applies to goods entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of enactment of this Act.


		II
		111th CONGRESS
		1st Session
		S. 1666
		IN THE SENATE OF THE UNITED STATES

			September 14, 2009
			Ms. Collins (for
			 herself, Mr. Cardin,
			 Mr. Whitehouse, and
			 Ms. Landrieu) introduced the following
			 bill; which was read twice and referred to the
			 Committee on Environment and Public
			 Works

		A BILL
		To require the Administrator of the Environmental
		  Protection Agency to satisfy certain conditions before issuing to producers of
		  mid-level ethanol blends a waiver from certain requirements under the Clean Air
		  Act, and for other purposes.

		1.Introduction of higher
			 ethanol blends into commerce
			(a)DefinitionsIn
			 this section:
				(1)AdministratorThe
			 term Administrator means the Administrator of the Environmental
			 Protection Agency.
				(2)Mid-level
			 ethanol blendThe term mid-level ethanol blend means
			 an ethanol-gasoline blend containing greater than 10 percent ethanol by volume
			 that is intended to be used in any conventional gasoline-powered onroad or
			 nonroad vehicle or engine.
				(3)Widespread
			 useThe term widespread use, with respect to the use
			 of a particular fuel, system, or component in an onroad or nonroad vehicle or
			 nonroad engine, has such meaning as is given the term by the Administrator in
			 accordance with the determination of the Administrator under section 202(a)(6)
			 of the Clean Air Act (42 U.S.C. 7521(a)(6)).
				(b)Introduction of
			 higher ethanol blends into commerceNotwithstanding any other provision of law,
			 the Administrator may permit or authorize the introduction into commerce of a
			 mid-level ethanol blend for use in conventional gasoline-powered onroad and
			 nonroad vehicles and nonroad engines only if—
				(1)not later than 1
			 year after the date of enactment of this Act, the Science Advisory Board of the
			 Environmental Protection Agency, after opportunity for public comment and an
			 analysis of available independent scientific evidence, submits to the
			 Administrator, and the Administrator provides for notice and a public comment
			 for a period of not less than 30 days on, a report that describes (and, with
			 respect to the matters described in subparagraph (A), provides recommendations
			 on mitigating)—
					(A)(i)the impact of the
			 mid-level ethanol blend on engine performance of conventional gasoline-powered
			 onroad and nonroad vehicles and nonroad engines;
						(ii)emissions from the use of the
			 blend; and
						(iii)materials compatibility and
			 consumer safety issues associated with the use of those blends (including the
			 identification of insufficient data or information for some or all of those
			 vehicles and engines with respect to each of issues described in this clause
			 and clauses (i) and (ii));
						(B)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 the mid-level ethanol blend into commerce without widespread
			 intentional or unintentional misfueling by consumers; and
					(C)the estimated
			 ability of consumers, determined through separate reviews of populations in
			 rural areas and of areas with populations greater than 50,000 individuals, to
			 purchase gasoline other than that mid-level ethanol blend—
						(i)in
			 metropolitan areas having populations greater than 50,000 individuals
			 throughout the United States; and
						(ii)in
			 all areas of the United States, by the date that is 5 years after the mid-level
			 ethanol blend is introduced into commerce;
						(2)(A)the permit or
			 authorization is granted through the fuels and fuel additives waiver process
			 under section 211(f)(4) of the Clean Air Act (42 U.S.C. 7545(f)(4)) after the
			 close of the public comment period on the report required under paragraph (1);
			 and
					(B)the Administrator formally responds to
			 the recommendations of the Science Advisory Board in the waiver announcement;
			 and
					(3)the mid-level
			 ethanol blend is introduced into commerce for general use in all conventional
			 gasoline-powered onroad and nonroad vehicles and nonroad engines in widespread
			 use as of the date on which the Administrator authorizes that
			 introduction.


117 HR 3104 IH: Get Americans Back To Work Act
U.S. House of Representatives
2021-05-11
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. 3104IN THE HOUSE OF REPRESENTATIVESMay 11, 2021Mr. Johnson of South Dakota (for himself, Mr. Armstrong, Mr. Steube, Mrs. Hinson, Mr. Weber of Texas, Mr. Feenstra, Mrs. Harshbarger, Mr. Burchett, Mr. Williams of Texas, Mr. Hice of Georgia, Mr. Gibbs, and Mr. Rouzer) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo shorten the extension, and the amount, of Federal Pandemic Unemployment Compensation in order to get Americans back to work.1.Short titleThis Act may be cited as the Get Americans Back To Work Act.2.Shortening of the extension, and reducing the amount, of Federal pandemic unemployment compensation(a)In generalSection 2104(e)(2) of the CARES Act (15 U.S.C. 9023(e)(2)) is amended by striking September 6, 2021 and inserting June 30, 2021.(b)AmountSection 2104(b)(3)(A) of such Act (15 U.S.C. 9023(b)(3)(A)) is amended—(1)in clause (ii), by striking September 6, 2021 and inserting May 31, 2021; and(2)by adding at the end the following:(iii)For weeks of unemployment ending after May 31, 2021, and ending on or before June 30, 2021, $150..


		II
		111th CONGRESS
		1st Session
		S. 1144
		IN THE SENATE OF THE UNITED
		  STATES

			May 21, 2009
			Mr. Johnson (for
			 himself, Mr. Tester, and
			 Mr. Crapo) introduced the following bill;
			 which was read twice and referred to the Committee on Commerce, Science, and
			 Transportation

			June 3, 2009
			Committee discharged; referred to the
			 Committee on Banking, Housing, and Urban
			 Affairs

		A BILL
		To improve transit services, including in
		  rural States.

		1.Short titleThis Act may be cited as the
			 Rural Transit Improvement and
			 Flexibility Act of 2009.
		2.Formula grants for other than urbanized
			 areasSection 5311(c)(2) of
			 title 49, United States Code, is amended—
			(1)in subparagraph (A), by striking 20
			 percent and inserting 25 percent; and
			(2)in subparagraph (B), by striking 80
			 percent and inserting 75 percent.
			3.Flexible use of elderly and disabled
			 fundingSection 5310 of title
			 49, United States Code, is amended by—
			(1)in subsection (a), by adding at the end the
			 following:

					(5)Operating costsA State may use not more than 25 percent of
				the amounts apportioned to the State under this section for operating costs of
				equipment and facilities that are or have been funded in whole or part under
				this section.
					;
				and
			(2)in subsection (c)—
				(A)by redesignating paragraphs (2) and (3) as
			 paragraphs (3) and (4), respectively; and
				(B)by inserting after paragraph (1) the
			 following:

						(2)Operating assistance
							(A)In generalExcept as provided in subparagraph (B), a
				grant made under this section for operating assistance may not exceed 50
				percent of the net operating costs of the project, as determined by the
				Secretary.
							(B)ExceptionA State described in section 120(b) of
				title 23 shall receive a Government share of the net operating costs equal to
				62.5 percent of the Government share provided for under paragraph
				(1)(B).
							.
				4.Pilot program for transit centers in
			 smaller cities and towns
			(a)In generalChapter 53 of title 49, United States Code,
			 is amended by inserting after section 5311 the following:

					5311a.Pilot program for transit centers in
				smaller cities and towns
						(a)In generalThe Secretary shall establish a program
				(referred to in this section as the program) of grants to
				eligible States for the purpose of establishing transit centers in urbanized
				areas with a population of less than 200,000 and in areas other than urbanized
				areas. Such transit centers may include multimodal transportation centers that
				include transit centers.
						(b)PurposeThe purpose of the program is to facilitate
				the development of transit service in areas that, historically, may not have
				received adequate attention to the development of transit service by providing
				facilities that have the potential to be transformational with respect to the
				provision of improved transit service in a community.
						(c)DefinitionsIn this section—
							(1)the term eligible State
				means a State with a population density of less than 100 persons per square
				mile of land area, based on the most recent decennial census at the time an
				application is filed; and
							(2)the definitions of recipient
				and subrecipient in section 5311(a) shall apply.
							(d)Procedures
							(1)In generalThe Secretary shall develop administrative
				procedures and requirements for the implementation of this section, including
				any application procedures, and may pattern such procedures and requirements
				after requirements applicable to discretionary bus grants under section 5309,
				but shall streamline such processes and limit requirements to the maximum
				extent possible, to facilitate prompt implementation of the program and to
				minimize the regulatory burden on grant recipients and subrecipients.
							(2)DevelopmentThe Secretary shall develop proposed
				procedures under this subsection and publish them in the Federal Register for
				comment within 60 days of the date of enactment of this section. Final
				procedures shall be adopted within 60 days of the close of said comment
				period.
							(e)DistributionIn distributing funds pursuant to this
				section—
							(1)the Secretary shall, prior to the
				completion of fiscal year 2012, award grants to establish at least one such
				center in each eligible State, provided that satisfactory applications have
				been filed from each eligible State in a timely manner to enable such
				distribution; and
							(2)prior to the completion of fiscal year
				2015, shall award grants to establish at least 2 such centers in each eligible
				State, provided that satisfactory applications have been filed from each
				eligible State in a timely manner to enable such distribution.
							(f)Administration costsA recipient may use not more than 10
				percent of amounts awarded under this section for a project to administer,
				plan, and provide technical assistance for that project funded under this
				section. A recipient may allocate to a subrecipient all or part of the amount
				the recipient may use under this subsection to administer, plan, and provide
				technical assistance for a project.
						(g)Eligible Expenses and Government
				ShareExcept for
				administrative expenses authorized under subsection (f), grants under this
				program shall be only for capital expenses, including buildings, facilities for
				the maintenance and repair of buses and other transit vehicles, off street
				transit vehicle stop space and transit vehicle parking space, passenger seating
				areas, and other capital expenditures as the Secretary may determine
				appropriate. The Government share of capital costs under this section shall be
				100
				percent.
						.
			(b)FundingFrom the Mass Transit Account of the
			 Highway Trust Fund there shall be made available to carry out the program
			 established pursuant to section 5311a of title 49, United States Code,
			 $25,000,000 for fiscal year 2010 and $50,000,000 for each of fiscal years 2011
			 through 2015. All such amounts are to remain available until expended.


114 S785 IS: FRAC Act
U.S. Senate
2015-03-18
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.

II114th CONGRESS1st SessionS. 785IN THE SENATE OF THE UNITED STATESMarch 18, 2015Mr. Casey (for himself, Mr. Durbin, Mr. Whitehouse, Mr. Reed, Mr. Cardin, Mr. Merkley, Mrs. Feinstein, Ms. Mikulski, Mrs. Gillibrand, Mr. Menendez, Ms. Hirono, and Mr. Schumer) introduced the following bill; which was read twice and referred to the Committee on Environment and Public WorksA BILLTo amend the Safe Drinking Water Act to repeal a certain exemption for hydraulic fracturing, and
			 for other purposes.

 1.Short titleThis Act may be cited as the Fracturing Responsibility and Awareness of Chemicals Act or the FRAC Act.
		2.Regulation of
			 hydraulic fracturing
			(a)Underground
 injectionSection 1421(d) of the Safe Drinking Water Act (42 U.S.C. 300h(d)) is amended by striking paragraph (1) and inserting the following:

					(1)Underground
				injection
						(A)In
 generalThe term underground injection means the subsurface emplacement of fluids by well injection.
 (B)InclusionThe term underground injection includes the underground injection of fluids or propping agents pursuant to hydraulic fracturing operations relating to oil or natural gas production activities.
 (C)ExclusionThe term underground injection does not include the underground injection of natural gas for the purpose of storage..
			(b)State primary
 enforcement relating to hydraulic fracturing operationsSection 1422 of the Safe Drinking Water Act (42 U.S.C. 300h–1) is amended by adding at the end the following:

					(f)Hydraulic
				fracturing operations
						(1)In
 generalConsistent with such regulations as the Administrator may prescribe, a State may seek primary enforcement responsibility for hydraulic fracturing operations for oil and natural gas without seeking to assume primary enforcement responsibility for other types of underground injection control wells, including underground injection control wells that inject brine or other fluids that are brought to the surface in connection with oil and natural gas production or any underground injection for the secondary or tertiary recovery of oil or natural gas.
						(2)Administration
							(A)In
 generalParagraph (1) shall not apply until the date that is 1 year after the date on which the Administrator publishes in the Federal Register any regulations promulgated under that paragraph.
							(B)Effect on
 AdministratorNothing in this subsection affects the authority of the Administrator to approve State programs that assume primary enforcement responsibility for only certain types of underground injection control wells..
 (c)DisclosureSection 1421(b) of the Safe Drinking Water Act (42 U.S.C. 300h(b)) is amended by adding at the end the following:

					(4)Disclosures of
				chemical constituents
						(A)In
 generalA person conducting hydraulic fracturing operations shall disclose to the State (or to the Administrator, in any case in which the Administrator has primary enforcement responsibility in a State), by not later than such deadlines as shall be established by the State (or the Administrator)—
 (i)before the commencement of any hydraulic fracturing operations at any lease area or a portion of a lease area, a list of chemicals and proppants intended for use in any underground injection during the operations (including identification of the chemical constituents of mixtures, Chemical Abstracts Service numbers for each chemical and constituent, material safety data sheets if available, and the anticipated amount of each chemical to be used); and
 (ii)after the completion of hydraulic fracturing operations described in clause (i), the list of chemicals and proppants used in each underground injection during the operations (including identification of the chemical constituents of mixtures, Chemical Abstracts Service numbers for each chemical and constituent, material safety data sheets if available, and the amount of each chemical used).
							(B)Public
 availabilityThe State or the Administrator, as applicable, shall—
 (i)ensure the accuracy and completeness of the information required under subparagraph (A); and
 (ii)make available to the public the information contained in each disclosure required under subparagraph (A), including by posting the information on a single, searchable Internet website such that all the information disclosed to the State or Administrator, as applicable, under that subparagraph is contained on the same Internet website.
							(C)Immediate
				disclosure in case of medical need or emergency
							(i)In
 generalSubject to clause (ii), the regulations promulgated pursuant to subsection (a) shall require that, in any case in which the State or the Administrator, as applicable, a first responder, or healthcare practitioner determines that the proprietary chemical formula or specific chemical identity of a trade-secret chemical used in hydraulic fracturing is necessary for medical diagnosis, treatment, or emergency response, the applicable person using hydraulic fracturing shall, upon request, immediately disclose to the State, the Administrator, first responder, or healthcare practitioner the proprietary chemical formula or specific chemical identity of a trade-secret chemical, regardless of the existence of—
 (I)a written statement of need; or
 (II)a confidentiality agreement.
 (ii)RequirementA person using hydraulic fracturing that makes a disclosure required under clause (i) may require the execution of a written statement of need and a confidentiality agreement as soon as practicable after the determination by the State, Administrator, first responder, or healthcare practitioner, as applicable, under that clause.
							(iii)Professional
				necessity
								(I)In
 generalSubject to subclause (II), a first responder or healthcare practitioner may share any information disclosed under clause (i) with other persons if the information is medically necessary.
 (II)RestrictionA first responder or healthcare practitioner described in subclause (I) shall not make publicly available any information disclosed under clause (i).
								(D)No public
 disclosure requiredNothing in subparagraph (A), (B), or (C) authorizes a State or the Administrator to publicly disclose any proprietary chemical formula..


116 HR 1223 IH: Stop the Tax Hike on Charities and Places of Worship Act
U.S. House of Representatives
2019-02-14
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. 1223IN THE HOUSE OF REPRESENTATIVESFebruary 14, 2019Mr. Clyburn (for himself, Ms. Clarke of New York, Mr. Suozzi, Mr. Horsford, Ms. Hill of California, Mrs. Beatty, Mr. Bishop of Georgia, Mr. Brown of Maryland, Ms. Brownley of California, Mr. Butterfield, Mr. Clay, Mr. Cleaver, Mr. Cummings, Mrs. Demings, Ms. Fudge, Mr. Hastings, Ms. Johnson of Texas, Mrs. Lawrence, Ms. Lee of California, Mr. McEachin, Ms. Moore, Ms. Norton, Ms. Plaskett, Mr. Richmond, Mr. Rush, Mr. David Scott of Georgia, Mr. Thompson of Mississippi, Ms. Underwood, Mrs. Watson Coleman, Ms. Wilson of Florida, and Mr. Cohen) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to repeal the increase in unrelated business taxable income by amount of certain fringe benefit expenses.
1.Short titleThis Act may be cited as the Stop the Tax Hike on Charities and Places of Worship Act. 2.Repeal of increase of unrelated business taxable income by amount of certain fringe benefits (a)In generalSection 512(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (7).
(b)Effective dateThe amendment made by this section shall take effect as if included in section 13703 of Public Law 115–97. 3.Increase in tax imposed on corporations (a)In generalSection 11(b) of the Internal Revenue Code of 1986 is amended by striking 21 percent and inserting 21.03 percent.
(b)Effective dateThe amendment made by this section shall apply with respect to taxable years beginning after the date of the enactment of this Act.