		One Hundred Twelfth Congress of the United States of
		  America
		2d SessionBegun and held at the City of Washington on Tuesday, the third
		day of January, two thousand and twelve
		S. 3677
		IN THE SENATE OF THE UNITED
		  STATES
		AN ACT
		To make a technical correction to the Flood
		  Disaster Protection Act of 1973.

		1.Technical correctionSection 102(d)(1)(A) of the Flood Disaster
			 Protection Act of 1973 (42 U.S.C. 4012a(d)(1)(A)) is amended by inserting
			 residential before improved real estate each
			 place that term appears.

			Speaker of the House of Representatives

			Vice President of the United States and President of the
			 Senate


117 HR 3145 IH: Freedom to Work Act
U.S. House of Representatives
2021-05-12
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. 3145IN THE HOUSE OF REPRESENTATIVESMay 12, 2021Mrs. Harshbarger (for herself, Mr. Banks, Mr. Issa, Mr. Jackson, Mr. LaMalfa, Mrs. Lesko, and Mr. Budd) introduced the following bill; which was referred to the Committee on Oversight and Reform, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo require Executive agency review of occupational licensing requirements, and for other purposes.1.Short titleThis Act may be cited as the Freedom to Work Act.2.FindingsCongress finds the following:(1)Occupational licensing has grown exponentially, comprising nearly 25 percent of the United States workforce today, up from 5 percent nearly 60 years ago.(2)According to a 2018 Bureau of Labor Statistics survey, 84.4 percent of employed people with a certification or license responded that their credential was required for their job.(3)Studies show little evidence that licensing improves quality of services and instead costs consumers $203,000,000,000 annually, reduces the number of jobs by 2,850,000, with the most impact on low-income workers seeking to enter occupations for the first time.(4)Occupations experience slower employment growth in States where they are licensed, compared to States where they are not, proving occupational licensing serves as a barrier to employment.(5)Enacted into Federal law in 2014, the stated purpose of the Workforce Innovation and Opportunity Act (29 U.S.C. 3101 et seq.) is to strengthen the United States workforce development system through innovation in, and alignment and improvement of, employment, training, and education programs in the United States, and to promote individual and national economic growth.(6)In fiscal year 2021, Congress appropriated $2,845,332,000 for States to assist Americans in overcoming barriers to employment and help employers hire and retain workers.(7)If States enact unnecessary occupational licensing requirements that create barriers for individual job seekers, when no requirement or a less restrictive alternative may serve the same purpose, States are acting in contradiction to the goals of Workforce Innovation and Opportunity Act (29 U.S.C. 3101 et seq.).(8)On December 14, 2020, the Executive Office of the President published Executive Order 13966, Increasing Economic and Geographic Mobility to establish it as the policy of the United States to alleviate unnecessary regulatory burdens on the American people and require the Federal Government to review and report on authorities, regulations, guidance, and policies to alleviate such occupational licensing burdens.(9)Policymakers at all levels of government should require evidence to determine if there is a demonstrated need to regulate an occupation and should consider a range of less restrictive alternatives such as, quality ratings, voluntary third-party professional certifications, bonding or insurance, or inspection requirements.3.Executive agency review of occupational licensing requirements(a)In generalSubchapter I of chapter 31 of title 5, United States Code, is amended by adding at the end the following:3117.Executive agency review of occupational licensing requirements(a)In generalNot later than 90 days after the date of enactment of the Freedom to Work Act and every 2 years thereafter, the head of each Executive agency shall—(1)review any authority, regulation, or policy of, or Federal law pertaining to, the Executive agency that—(A)imposes an occupational licensing requirement with respect to any position (including any position of a contractor or subcontractor thereof) at the Executive agency; or(B)is causing a State, local, or tribal government to adopt an occupational licensing requirement for public and private sector positions within the State or area encompassing the jurisdiction of the local or tribal government; (2)identify any changes to such an authority, regulation, policy, or law that would result in no requirement or the least restrictive alternative to an occupation licensing requirement with respect to any such position while maintaining protection for consumers and other individuals from significant and demonstrable harm to their health and safety; and(3)submit to the Director of the Office of Management and Budget, the Assistant to the President for Domestic Policy, and the Assistant to the President and Director of Intergovernmental Affairs a report that identifies such changes.(b)Report to President and CongressNot later than 30 days after receiving the report under subsection (a)(3), the Director of the Office of Management and Budget shall—(1)submit to the President and to Congress such report; and(2)publish such report in the Federal Register.(c)Agency implementationEach Executive agency shall implement any changes (excluding any change requiring a change in Federal law) described in a report submitted under subsection (b).(d)DefinitionsIn this section:(1)Occupational licenseThe term occupational license means a license, registration, or certification without which an individual lacks the legal permission of a State, local, or tribal government to perform certain defined services for compensation.(2)StateThe term State has the meaning given the term in section 9101(a)(4). .(b)Clerical amendmentThe table of sections for such subchapter is amended by inserting after the item relating to section 3116 the following:3117. Executive agency review of occupational licensing requirements..4.Unified State PlanSection 102(b)(1)(D) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3112(b)(1)(D)) is amended by adding before the semicolon the following: , and of how the State will reduce occupational licensing barriers to entry in specific occupations or industry sectors and any broader occupational licensing process reforms.


113 HR 4871 RH: TRIA Reform Act of 2014
U.S. House of Representatives
2014-07-16
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IB
Union Calendar No. 391
113th CONGRESS 2d Session
H. R. 4871
[Report No. 113–523]
IN THE HOUSE OF REPRESENTATIVES

June 17, 2014
Mr. Neugebauer (for himself and Mr. Westmoreland) introduced the following bill; which was referred to the Committee on Financial Services

July 16, 2014
Additional sponsors: Mr. Royce, Mr. Bachus, Mr. Mulvaney, Mr. McHenry, Mr. Garrett, Mr. Stivers, Mr. Fincher, Mr. Huizenga of Michigan, Mr. Ross, Ms. Granger, Mr. Olson, Mr. Carter, Mr. Smith of Texas, Mr. Sam Johnson of Texas, Mr. Thornberry, Mr. Culberson, Mr. Sessions, Mr. Conaway, Mr. Weber of Texas, Mr. Stockman, Mr. Hall, Mr. Marchant, Mr. Duffy, Mr. Luetkemeyer, Mr. Hurt, Mr. Rogers of Alabama, and Mr. Jolly

July 16, 2014
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Strike out all after the enacting clause and insert the part printed in italic
For text of introduced bill, see copy of bill as introduced on June 17, 2014

A BILL
To reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes.

1.Short title and table of contents
(a)Short titleThis Act may be cited as the TRIA Reform Act of 2014.
(b)Table of contentsThe table of contents for this Act is as follows:

Sec. 1. Short title and table of contents.
Title I—TRIA reform
Sec. 101. References.
Sec. 102. Extension of program.
Sec. 103. Certification of acts of terrorism.
Sec. 104. Separate treatment of conventional terrorism from NBCR terrorism.
Sec. 105. Availability of coverage.
Sec. 106. Terrorism loss risk-spreading premiums amount.
Sec. 107. Increase of aggregate retention amount; mandatory recoupment.
Sec. 108. Terrorism loss risk-spreading premium.
Sec. 109. Risk-sharing mechanisms.
Sec. 110. Reporting of terrorism insurance data.
Sec. 111. Delivery of notices to policyholders.
Sec. 112. Definition of control.
Sec. 113. Annual study of small insurer market competitiveness.
Sec. 114. CBO and OMB studies regarding budgeting for costs of Federal insurance programs.
Sec. 115. GAO study on upfront premiums and capital reserve fund.
Title II—National Association of Registered Agents and Brokers Reform
Sec. 201. Short title.
Sec. 202. Reestablishment of the National Association of Registered Agents and Brokers.
ITRIA reform
101.ReferencesExcept as otherwise expressly provided, wherever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note).
102.Extension of program
(a)In generalSubsection (a) of section 108 (15 U.S.C. 6701 note) is amended by striking December 31, 2014 and inserting December 31, 2019.
(b)Program yearsSubparagraph (G) of section 102(11) (15 U.S.C. 6701 note) is amended by striking 2014 and inserting 2019.
103.Certification of acts of terrorism
(a)In generalParagraph (1) of section 102 (15 U.S.C. 6701 note) is amended—
(1)in subparagraph (A), in the matter preceding clause (i), by striking concurrence with the Secretary of State and inserting consultation with the Secretary of Homeland Security;
(2)in subparagraph (B)—
(A)in clause (i), by striking ; or and inserting a period;
(B)by striking clause (ii); and
(C)by striking terrorism if— and all that follows through (i) the act and inserting terrorism if the act;
(3)by redesignating subparagraphs (C) and (D) as subparagraphs (E) and (G), respectively;
(4)by inserting after subparagraph (B) the following new subparagraph:

(C)Timing of certification
(i)Preliminary certification noticeThe Secretary shall issue a preliminary certification notice indicating whether an act is expected to be a certified act of terrorism not later than 15 days after—
(I)the date of the occurrence of a potential act of terrorism; or
(II)the receipt of a petition seeking a preliminary certification decision submitted by an insurer having an in-force policy or policies that could be affected by a certification decision.
(ii)Final certification noticeNot later than 90 days after the date of the occurrence of a potential act of terrorism or the receipt of a petition submitted to the Secretary pursuant to clause (i)(II), the Secretary shall issue a final certification notice indicating whether an act is a certified act of terrorism for purposes of this Act.
(iii)Rule of constructionFailure to issue a preliminary certification notice under clause (i) shall not prevent the Secretary from issuing a final certification notice under clause (ii).; and
(5)by inserting before subparagraph (G), as so redesignated by paragraph (3) of this subsection, the following new subparagraph:

(F)Failure to make determinationIf the Secretary does not certify, or make a determination not to certify, an act as an act of terrorism before the expiration of the 90-day period beginning on the occurrence of such act, such act shall be treated for purposes of this Act as having been determined by the Secretary not to be an act of terrorism and such determination shall be final and shall not be subject to judicial review..
(b)ApplicabilityThe amendments made by subsection (a) shall apply to the Program Year for the Terrorism Insurance Program established by title I of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) that begins on January 1, 2015, and Program Years thereafter.
104.Separate treatment of conventional terrorism from NBCR terrorism
(a)Definition
(1)In generalSection 102 (15 U.S.C. 6701 note) is amended—
(A)in paragraph (1), by inserting after subparagraph (C), as added by section 103(a)(4) of this Act, the following new subparagraph:

(D)Act of NBCR terrorismEach certification of an act of terrorism under subparagraph (A) shall include a determination of whether such act involves NBCR terrorism.;
(B)by redesignating paragraphs (9) through (16) as paragraphs (10) through (17), respectively; and
(C)by inserting after paragraph (8) the following new paragraph:

(9)NBCR terrorismNotwithstanding paragraph (1), the term NBCR terrorism means an act of terrorism to the extent that the insured losses involve, regardless of any other cause or event that contributes concurrently or in any sequence to such insurance loss—
(A)an act of terrorism that is carried out by means of the dispersal or application of radioactive material, or through the use of a nuclear weapon or device that involves or produces a nuclear reaction, nuclear radiation, or radioactive contamination;
(B)the release of radioactive material, and it appears that one purpose of the act of terrorism was to release such material;
(C)an act of terrorism that is carried out by means of the dispersal or application of pathogenic or poisonous biological or chemical material; or
(D)the release of pathogenic or poisonous biological or chemical material, and it appears that one purpose of the act of terrorism was to release such material..
(2)ApplicabilityThe amendments made by paragraph (1) shall apply to the Program Year for the Terrorism Insurance Program established by title I of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) that begins on January 1, 2016, and Program Years thereafter.
(b)Federal share of insured loss compensationSubparagraph (A) of section 103(e)(1) (15 U.S.C. 6701 note) is amended—
(1)by striking The Federal share and inserting Subject to subparagraphs (B) and (C), the Federal share;
(2)by striking an insurer during the Transition period and inserting the following:
an insurer—
(i)during the Transition period,;
(3)by inserting through the Program Year ending on December 31, 2015, after each Program Year thereafter;
(4)by striking the period at the end and inserting ; and; and
(5)by adding at the end the following new clause:

(ii)shall be equal to—
(I)except as provided in subclause (II)—
(aa)during the Program Year beginning on January 1, 2016, 84 percent of that portion of the amount of such insured losses that exceeds the applicable insurer deductible required to be paid during such Program Year;
(bb)during the Program Year beginning on January 1, 2017, 83 percent of that portion of the amount of such insured losses that exceeds the applicable insurer deductible required to be paid during such Program Year;
(cc)during the Program Year beginning on January 1, 2018, 82 percent of that portion of the amount of such insured losses that exceeds the applicable insurer deductible required to be paid during such Program Year; and
(dd)during the Program Year beginning on January 1, 2019, 80 percent of that portion of the amount of such insured losses that exceeds the applicable insurer deductible required to be paid during such Program Year; and
(II)in the case of insured losses resulting from acts of NBCR terrorism, during the Program Year beginning on January 1, 2016, and each Program Year thereafter, 85 percent of that portion of the amount of such insured losses that exceeds the applicable insurer deductible required to be paid during such Program Year..
(c)Program triggerSubparagraph (B) of section 103(e)(1) (15 U.S.C. 6701 note) is amended—
(1)in the matter preceding clause (i)—
(A)by striking a certified act and inserting certified acts; and
(B)by striking such certified act and inserting such certified acts;
(2)in clause (i) by striking or at the end;
(3)in clause (ii), by striking the period at the end and inserting the following through the Program Year ending on December 31, 2015; or;
(4)by adding at the end the following:

(iii)
(I)except as provided in subclause (II)—
(aa)$200,000,000, with respect to such insured losses occurring in the Program Year beginning on January 1, 2016;
(bb)$300,000,000, with respect to such insured losses occurring in the Program Year beginning on January 1, 2017;
(cc)$400,000,000, with respect to such insured losses occurring in the Program Year beginning on January 1, 2018; and
(dd)$500,000,000, with respect to such insured losses occurring in the Program Year beginning on January 1, 2019; and
(II)in the case of an act of NBCR terrorism, $100,000,000, with respect to such insured losses occurring in the Program Year beginning on January 1, 2016, or any Program Year thereafter.; and
(5)by adding after and below clause (iii), as added by paragraph (4) of this subsection, the following:

In determining the aggregate industry insured losses resulting from certified acts of terrorism for purposes of this subparagraph, the Secretary shall not consider any act of terrorism resulting, in the aggregate, in less than $50,000,000 in insured losses..
105.Availability of coverageSubsection (c) of section 103 (15 U.S.C. 6701 note) is amended to read as follows:

(c)Mandatory availability
(1)In generalExcept as provided in paragraph (2), during each Program Year, each entity that meets the definition of an insurer under section 102 shall make available—
(A)in all of its property and casualty insurance policies, coverage for insured losses; and
(B)property and casualty insurance coverage for insured losses that does not differ materially from the terms, amounts, and other coverage limitations applicable to losses arising from events other than acts of terrorism.
(2)No mandatory availability for small insurersThe Secretary shall provide, by regulation and in consultation with State insurance regulatory authorities, that paragraph (1) shall not apply for a Program Year with respect to any small insurer (as such term is defined in such regulations by the Secretary) that, at the option of the insurer, makes a request for such inapplicability for such Program Year to the appropriate State insurance regulatory authority for the State in which such insurer is domiciled and is determined by such State insurance regulatory authority to meet such requirements for financial hardship or financial infeasibility of providing coverage for insured losses as the Secretary shall establish in such regulations. The insurer shall provide notice, in a manner satisfactory to the State insurance regulatory authority, informing affected prospective and current policyholders whether such coverage is not provided by the insurer. This paragraph may not be construed to require any State insurance regulatory authority to undertake making determinations under this paragraph..
106.Terrorism loss risk-spreading premiums amount
(a)In generalSubparagraph (C) of section 103(e)(7) (15 U.S.C. 6701 note) is amended—
(1)by striking subparagraphs (A) through (E) and inserting subparagraphs (A) through (F); and
(2)by striking 133 percent and inserting 150 percent.
(b)ApplicabilityThe amendment made by subsection (a) shall apply to the Program Year for the Terrorism Insurance Program established by title I of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) that begins on January 1, 2016, and Program Years thereafter.
107.Increase of aggregate retention amount; mandatory recoupment
(a)In GeneralParagraph (6) of section 103(e) (15 U.S.C. 6701 note) is amended—
(1)in subparagraph (D)(ii), by striking and at the end;
(2)in subparagraph (E)—
(A)in the matter preceding clause (i), by inserting through the Program Year ending on December 31, 2015 before the comma; and
(B)in clause (ii), by striking the period at the end and inserting ; and; and
(3)by adding at the end the following new subparagraph:

(F)for the Program Year beginning January 1, 2016, and each Program Year thereafter, the lesser of—
(i)the amount that is equal to the sum of the insurer deductibles for the Program Year for all insurers participating in the Program; and
(ii)the aggregate amount, for all insurers, of insured losses during such Program Year..
(b)Mandatory recoupment
(1)Amount; timingParagraph (7) of section 103(e) (15 U.S.C. 6701 note) is amended—
(A)by striking subparagraphs (A) and (B) and inserting the following new subparagraph:

(A)Mandatory recoupment amountFor purposes of this paragraph, the mandatory recoupment amount for each of the periods referred to in subparagraphs (A) through (F) of paragraph (6) shall be equal to the lesser of—
(i)the aggregate amount, for all insurers, of insured losses during such period that are compensated by the Federal Government pursuant to paragraph (1); or
(ii)the insurance marketplace aggregate retention amount under paragraph (6) for such period.;
(B)in subparagraph (E)(i)(III), by striking after January 1, 2012 and inserting before December 31, 2014; and
(C)by redesignating subparagraphs (C), (D), (E) (as so amended), and (F) as subparagraphs (B), (C), (D), and (E), respectively.
(2)Conforming amendmentsSection 103(e) (15 U.S.C. 6701 note) is amended in paragraph (7)(D)(i), as so redesignated by paragraph (1)(C) of this subsection, by striking subparagraph (C) and inserting subparagraph (B).
108.Terrorism loss risk-spreading premium
(a)In generalSection 103(e) (15 U.S.C. 6701 note) is amended by striking paragraph (8) and inserting the following new paragraph:

(8)Terrorism loss risk-spreading premiums
(A)EstablishmentAfter an act of terrorism, the Secretary shall, to the extent provided in paragraph (7)(B), and may, to the extent provided in paragraph (7)(C), establish terrorism loss risk-spreading premiums, which shall be imposed as a policyholder premium surcharge on property and casualty insurance policies for all participating insurers in force after the date of such establishment.
(B)CollectionThe Secretary shall provide for insurers to collect terrorism loss risk-spreading premiums and remit such amounts collected to the Secretary.
(C)Determination of premiumsIn determining the method and manner of imposing terrorism loss risk-spreading premiums, including the amount of such premiums, the Secretary shall—
(i)impose such terrorism loss risk-spreading premiums beginning with such period of coverage during the year as the Secretary determines appropriate, but shall commence imposition of such premiums not later than 18 months after the occurrence of the act of terrorism for which such premiums are imposed;
(ii)base any terrorism loss risk-spreading premium on a percentage of the premium amount charged for property and casualty insurance coverage under the policy; and
(iii)take into consideration—
(I)the economic impact on commercial centers of urban areas, including the effect on commercial rents and commercial insurance premiums, particularly rents and premiums charged to small businesses, and the availability of lease space and commercial insurance within urban areas;
(II)the risk factors related to rural areas and smaller commercial centers, including the potential exposure to loss and the likely magnitude of such loss, as well as any resulting cross-subsidization that might result; and
(III)the various exposures to terrorism risk for different lines of insurance.
(D)Percentage limitationA terrorism loss risk-spreading premium collected on a discretionary basis pursuant to paragraph (7)(C) shall not be less than, on an annual basis, the amount equal to 3 percent of the premium charged for property and casualty insurance coverage under the policy.
(E)Timing of premiumsThe Secretary may adjust the timing of terrorism loss risk-spreading premiums to provide for equivalent application of the provisions of this title to policies that are not based on a calendar year, or to apply such provisions on a daily, monthly, or quarterly basis, as appropriate..
(b)ApplicabilityThe amendment made by subsection (a) shall apply to the Program Year for the Terrorism Insurance Program established by title I of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) that begins on January 1, 2016, and Program Years thereafter.
109.Risk-sharing mechanisms
(a)In GeneralSection 103(e) (15 U.S.C. 6701 note) is amended by adding at the end the following new paragraph:

(9)Risk-sharing mechanisms
(A)Finding; rule of constructionThe Congress finds that it is desirable to encourage the growth of nongovernmental, private market reinsurance capacity for protection against losses arising from acts of terrorism. Therefore, nothing in this title shall prohibit insurers from developing risk-sharing mechanisms (including mutual reinsurance facilities and agreements, use of the capital markets, and insurance-linked securities) to voluntarily reinsure terrorism losses between and among themselves that are not subject to reimbursement under this section.
(B)Establishment of advisory committeeThe Secretary shall appoint an Advisory Committee to—
(i)encourage the creation and development of such risk-sharing mechanisms;
(ii)assist the Secretary and be available to administer such risk-sharing mechanisms; and
(iii)develop articles of incorporation, bylaws, and a plan of operation for any long-term reinsurance facility authorized or created in the future.
(C)MembershipThe Advisory Committee shall be composed of nine members who are directors, officers, or other employees of insurers, reinsurers, or capital market participants that are participating or that desire to participate in such mechanisms, and who are representative of the affected sectors of the insurance industry, including commercial property insurance, commercial casualty insurance, reinsurance, and alternative risk transfer industries..
(b)ApplicabilityThe amendment made by subsection (a) shall apply to the Program Year for the Terrorism Insurance Program established by title I of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) that begins on January 1, 2015, and Program Years thereafter.
110.Reporting of terrorism insurance dataSection 104 (15 U.S.C. 6701 note) is amended by adding at the end the following new subsection:

(h) Reporting of terrorism insurance data
(1)AuthorityDuring the Program Year beginning on January 1, 2016, and in each Program Year thereafter, the Secretary shall require insurers participating in the Program to submit to the Secretary such information regarding insurance coverage for terrorism losses of such insurers as the Secretary considers appropriate to analyze the effectiveness of the Program, which shall include information regarding—
(A)lines of insurance with exposure to such losses;
(B)premiums earned on such coverage;
(C)geographical location of exposures;
(D)pricing of such coverage;
(E)the take-up rate for such coverage;
(F)the amount of private reinsurance for acts of terrorism purchased; and
(G)such other matters as the Secretary considers appropriate.
(2)ReportsNot later than 6 months after the termination of the Program Year beginning on January 1, 2016, and not later than 6 months after the termination of each Program Year thereafter, the Secretary shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that includes—
(A)an analysis of the overall effectiveness of the Program;
(B)an evaluation of any changes or trends in the data collected under paragraph (1);
(C)an evaluation of whether any aspects of the Program have the effect of discouraging or impeding insurers from providing commercial property casualty insurance coverage or coverage for acts of terrorism;
(D)an evaluation of the impact of the Program on workers’ compensation insurers;
(E)an evaluation of the impact on availability and affordability of terrorism insurance coverage and fiscal protection of the taxpayers of separate Federal treatment under the Program for nuclear, biological, chemical, and radiological terrorism; and
(F)in the case of the data reported in paragraph (1)(B), an updated estimate of the total amount earned since the commencement of Program Year 1.
(3)Protection of dataTo the extent possible, the Secretary shall contract with an insurance statistical aggregator to collect the information described in paragraph (1), which shall keep any nonpublic information confidential and provide it to the Secretary in an aggregate form or in such other form or manner that does not permit identification of the insurer submitting such information.
(4)Advance coordinationBefore collecting any data or information under paragraph (1) from an insurer, or affiliate of an insurer, the Secretary shall coordinate with the appropriate State insurance regulatory authorities or their representatives and any relevant government agency or publicly available sources to determine if the information to be collected is available from, and may be obtained in a timely manner by, individually or collectively, such entities. If the Secretary determines that such data or information is available, and may be obtained in a timely matter, from such entities, the Secretary shall obtain the data or information from such entities. If the Secretary determines that such data or information is not so available, the Secretary may collect such data or information from an insurer and affiliates.
(5)Confidentiality
(A)Retention of privilegeThe submission of any non-publicly available data and information to the Secretary and the sharing of any non-publicly available data with or by the Secretary among other Federal agencies, the State insurance regulatory authorities and their collective agents, or any other entities under this subsection shall not constitute a waiver of, or otherwise affect, any privilege arising under Federal or State law (including the rules of any Federal or State court) to which the data or information is otherwise subject.
(B)Continued application of prior confidentiality agreementsAny requirement under Federal or State law to the extent otherwise applicable, or any requirement pursuant to a written agreement in effect between the original source of any non-publicly available data or information and the source of such data or information to the Secretary, regarding the privacy or confidentiality of any data or information in the possession of the source to the Secretary, shall continue to apply to such data or information after the data or information has been provided pursuant to this subsection.
(C)Information-sharing agreementAny data or information obtained by the Secretary under this subsection may be made available to State insurance regulatory authorities, individually or collectively through an information-sharing agreement that—
(i)shall comply with applicable Federal law; and
(ii)shall not constitute a waiver of, or otherwise affect, any privilege under Federal or State law (including any privilege referred to in subparagraph (A) and the rules of any Federal or State court) to which the data or information is otherwise subject.
(D)Agency disclosure requirementsSection 552 of title 5, United States Code, including any exceptions thereunder, shall apply to any data or information submitted under this subsection to the Secretary by an insurer or affiliate of an insurer..
111.Delivery of notices to policyholdersSection 103(b)(2) (15 U.S.C. 6701 note) is amended—
(1)in subparagraph (B), by striking , purchase,; and
(2)in subparagraph (C), by striking , purchase,.
112.Definition of controlParagraph (3) of section 102 (15 U.S.C. 6701 note) is amended—
(1)by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively and realigning such clauses, as so redesignated, so as to be indented six ems from the left margin;
(2)in the matter preceding clause (i) (as so redesignated), by striking An entity has and inserting the following:

(A)In generalAn entity has; and
(3)by adding at the end the following new subparagraph:

(B)Rule of constructionAn entity, including any affiliate thereof, does not have control over another entity if, as of the date of the enactment of the TRIA Reform Act of 2014, the entity is acting as an attorney-in-fact, as defined by the Secretary, for the other entity and such other entity is a reciprocal insurer, provided that the entity is not, for reasons other than the attorney-in-fact relationship, defined as having control under subparagraph (A)..
113.Annual study of small insurer market competitivenessSection 108 (15 U.S.C. 6701 note) is amended by adding at the end the following new subsection:

(h)Study of small insurer market competitiveness
(1)In generalThe Secretary shall conduct an annual study of small insurers participating in the Program, and identify any competitive challenges small insurers face in the terrorism risk insurance marketplace, including—
(A)changes to the market share, premium volume, and policyholder surplus of small insurers relative to large insurers;
(B)how the property and casualty insurance market for terrorism risk differs between small and large insurers, and whether such a difference exists within other perils;
(C)the impact of the Program’s mandatory availability requirement under section 103(c) and the voluntary opt-out for small insurers;
(D)the effect of increasing the trigger amount for the Program under section 103(e)(1)(B)(iii)(I) on small insurers;
(E)the availability and cost of private reinsurance for small insurers; and
(F)the impact that State workers compensation laws have on small insurers, particularly the impact of mandatory, non-excludable participation and unlimited financial liability.
(2)Timing and reportThe Secretary shall complete the first study under paragraph (1) and submit a report to the Congress setting forth the findings and conclusions of the study not later than June 30, 2016, and shall complete an annual study under paragraph (1) and submit a report regarding such study to the Congress by June 1 annually thereafter..
114.CBO and OMB studies regarding budgeting for costs of Federal insurance programsNot later than the expiration of the 12-month period beginning on the date of the enactment of this Act, the Director of the Congressional Budget Office and the Director of the Office of Management and Budget shall each—
(1)conduct a study to determine the feasibility of applying accrual accounting concepts to budgeting for the costs of the Terrorism Risk Insurance Program and for the costs of the other Federal insurance programs; and
(2)submit a report regarding such study to the Committees on the Budget of the House of Representatives and the Senate, which shall include a recommendation specifically addressing the feasibility of applying fair value concepts to budgeting for the costs of Federal insurance programs, including the Terrorism Risk Insurance Program.
115.GAO study on upfront premiums and capital reserve fund
(a)StudyNot later than 2 years after the date of the enactment of this Act, the Comptroller General of the United States shall complete a study on the viability of the Federal Government—
(1)assessing and collecting upfront premiums on insurers that participate in the Terrorism Risk Insurance Program established under the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) (in this section referred to as the Program), which shall include a comparison of practices in international markets to assess and collect premiums either before or after terrorism losses are incurred; and
(2)creating a capital reserve fund under the Program and requiring insurers participating in the Program to dedicate capital specifically for terrorism losses before such losses are incurred, which shall include a comparison of practices in international markets to establish reserve funds.
(b)Required contentThe study required under subsection (a) shall examine, but shall not be limited to, the following issues:
(1)Upfront premiumsWith respect to upfront premiums described in subsection (a)(1)—
(A)how the Federal Government could determine the price of such upfront premiums on insurers that participate in the Program;
(B)how the Federal Government could collect such upfront premiums;
(C)how the Federal Government could ensure that such upfront premiums are not spent for purposes other than satisfying claims through the Program;
(D)how the assessment and collection of such upfront premiums could affect take-up rates for terrorism risk coverage in different regions and industries;
(E)the effect of collecting such upfront premiums on the private market for terrorism risk reinsurance; and
(F)the size of the Federal Government subsidy insurers currently receive through their participation in the Program.
(2)Capital reserve fundWith respect to the capital reserve fund described in subsection (a)(2)—
(A)how the creation of a capital reserve fund would affect the Federal Government’s fiscal exposure under the Terrorism Risk Insurance Program and the ability of the Program to meet its statutory purposes;
(B)how a capital reserve fund would impact insurers and reinsurers, including liquidity, insurance pricing, and capacity to provide terrorism risk coverage;
(C)the feasibility of segregating funds attributable to terrorism risk from funds attributable to other insurance lines;
(D)how a capital reserve fund would be viewed and treated under current Financial Accounting Standards Board accounting rules and the tax laws; and
(E)how a capital reserve fund would affect the States’ ability to regulate insurers participating in the Program.
(3)International practicesWith respect to international markets referred to in paragraphs (1) and (2) of subsection (A), how other countries, if any—
(A)have established terrorism insurance structures;
(B)charge premiums or otherwise collect funds to pay for the costs of terrorism insurance structures, including risk and administrative costs; and
(C)have established capital reserve funds to pay for the costs of terrorism insurance structures.
(4)DurationWith respect to the capital reserve fund described in subsection (a)(2), how the duration of the Program would affect the viability of such capital reserve fund.
(c)ReportUpon completion of the study required under subsection (a), the Comptroller General shall submit a report on the results of such study to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.
(d)Public availabilityThe study and report required under this section shall be made available to the public in electronic form and shall be published on the website of the Government Accountability Office.
IINational Association of Registered Agents and Brokers Reform
201.Short titleThis title may be cited as the National Association of Registered Agents and Brokers Reform Act of 2014.
202.Reestablishment of the National Association of Registered Agents and Brokers
(a)In generalSubtitle C of title III of the Gramm-Leach-Bliley Act (15 U.S.C. 6751 et seq.) is amended to read as follows:

CNational Association of Registered Agents and Brokers
321.National Association of Registered Agents and Brokers
(a)EstablishmentThere is established the National Association of Registered Agents and Brokers (referred to in this subtitle as the Association).
(b)StatusThe Association shall—
(1)be a nonprofit corporation;
(2)not be an agent or instrumentality of the Federal Government;
(3)be an independent organization that may not be merged with or into any other private or public entity; and
(4)except as otherwise provided in this subtitle, be subject to, and have all the powers conferred upon, a nonprofit corporation by the District of Columbia Nonprofit Corporation Act (D.C. Code, sec. 29–301.01 et seq.) or any successor thereto.
322.PurposeThe purpose of the Association shall be to provide a mechanism through which licensing, continuing education, and other nonresident insurance producer qualification requirements and conditions may be adopted and applied on a multi-state basis without affecting the laws, rules, and regulations, and preserving the rights of a State, pertaining to—
(1)licensing, continuing education, and other qualification requirements of insurance producers that are not members of the Association;
(2)resident or nonresident insurance producer appointment requirements;
(3)supervising and disciplining resident and nonresident insurance producers;
(4)establishing licensing fees for resident and nonresident insurance producers so that there is no loss of insurance producer licensing revenue to the State; and
(5)prescribing and enforcing laws and regulations regulating the conduct of resident and nonresident insurance producers.
323.Membership
(a)Eligibility
(1)In generalAny insurance producer licensed in its home State shall, subject to paragraphs (2) and (4), be eligible to become a member of the Association.
(2)Ineligibility for suspension or revocation of licenseSubject to paragraph (3), an insurance producer is not eligible to become a member of the Association if a State insurance regulator has suspended or revoked the insurance license of the insurance producer in that State.
(3)Resumption of eligibilityParagraph (2) shall cease to apply to any insurance producer if—
(A)the State insurance regulator reissues or renews the license of the insurance producer in the State in which the license was suspended or revoked, or otherwise terminates or vacates the suspension or revocation; or
(B)the suspension or revocation expires or is subsequently overturned by a court of competent jurisdiction.
(4)Criminal history record check required
(A)In generalAn insurance producer who is an individual shall not be eligible to become a member of the Association unless the insurance producer has undergone a criminal history record check that complies with regulations prescribed by the Attorney General of the United States under subparagraph (K).
(B)Criminal history record check requested by home StateAn insurance producer who is licensed in a State and who has undergone a criminal history record check during the 2-year period preceding the date of submission of an application to become a member of the Association, in compliance with a requirement to undergo such criminal history record check as a condition for such licensure in the State, shall be deemed to have undergone a criminal history record check for purposes of subparagraph (A).
(C)Criminal history record check requested by Association
(i)In generalThe Association shall, upon request by an insurance producer licensed in a State, submit fingerprints or other identification information obtained from the insurance producer, and a request for a criminal history record check of the insurance producer, to the Federal Bureau of Investigation.
(ii)ProceduresThe board of directors of the Association (referred to in this subtitle as the Board) shall prescribe procedures for obtaining and utilizing fingerprints or other identification information and criminal history record information, including the establishment of reasonable fees to defray the expenses of the Association in connection with the performance of a criminal history record check and appropriate safeguards for maintaining confidentiality and security of the information. Any fees charged pursuant to this clause shall be separate and distinct from those charged by the Attorney General pursuant to subparagraph (I).
(D)Form of requestA submission under subparagraph (C)(i) shall include such fingerprints or other identification information as is required by the Attorney General concerning the person about whom the criminal history record check is requested, and a statement signed by the person authorizing the Attorney General to provide the information to the Association and for the Association to receive the information.
(E)Provision of information by Attorney GeneralUpon receiving a submission under subparagraph (C)(i) from the Association, the Attorney General shall search all criminal history records of the Federal Bureau of Investigation, including records of the Criminal Justice Information Services Division of the Federal Bureau of Investigation, that the Attorney General determines appropriate for criminal history records corresponding to the fingerprints or other identification information provided under subparagraph (D) and provide all criminal history record information included in the request to the Association.
(F)Limitation on permissible uses of informationAny information provided to the Association under subparagraph (E) may only—
(i)be used for purposes of determining compliance with membership criteria established by the Association;
(ii)be disclosed to State insurance regulators, or Federal or State law enforcement agencies, in conformance with applicable law; or
(iii)be disclosed, upon request, to the insurance producer to whom the criminal history record information relates.
(G)Penalty for improper use or disclosureWhoever knowingly uses any information provided under subparagraph (E) for a purpose not authorized in subparagraph (F), or discloses any such information to anyone not authorized to receive it, shall be fined not more than $50,000 per violation as determined by a court of competent jurisdiction.
(H)Reliance on informationNeither the Association nor any of its Board members, officers, or employees shall be liable in any action for using information provided under subparagraph (E) as permitted under subparagraph (F) in good faith and in reasonable reliance on its accuracy.
(I)FeesThe Attorney General may charge a reasonable fee for conducting the search and providing the information under subparagraph (E), and any such fee shall be collected and remitted by the Association to the Attorney General.
(J)Rule of constructionNothing in this paragraph shall be construed as—
(i)requiring a State insurance regulator to perform criminal history record checks under this section; or
(ii)limiting any other authority that allows access to criminal history records.
(K)RegulationsThe Attorney General shall prescribe regulations to carry out this paragraph, which shall include—
(i)appropriate protections for ensuring the confidentiality of information provided under subparagraph (E); and
(ii)procedures providing a reasonable opportunity for an insurance producer to contest the accuracy of information regarding the insurance producer provided under subparagraph (E).
(L)Ineligibility for membership
(i)In generalThe Association may, under reasonably consistently applied standards, deny membership to an insurance producer on the basis of criminal history record information provided under subparagraph (E), or where the insurance producer has been subject to disciplinary action, as described in paragraph (2).
(ii)Rights of applicants denied membershipThe Association shall notify any insurance producer who is denied membership on the basis of criminal history record information provided under subparagraph (E) of the right of the insurance producer to—
(I)obtain a copy of all criminal history record information provided to the Association under subparagraph (E) with respect to the insurance producer; and
(II)challenge the denial of membership based on the accuracy and completeness of the information.
(M)DefinitionFor purposes of this paragraph, the term criminal history record check means a national background check of criminal history records of the Federal Bureau of Investigation.
(b)Authority to establish membership criteriaThe Association may establish membership criteria that bear a reasonable relationship to the purposes for which the Association was established.
(c)Establishment of classes and categories of membership
(1)Classes of membershipThe Association may establish separate classes of membership, with separate criteria, if the Association reasonably determines that performance of different duties requires different levels of education, training, experience, or other qualifications.
(2)Business entitiesThe Association shall establish a class of membership and membership criteria for business entities. A business entity that applies for membership shall be required to designate an individual Association member responsible for the compliance of the business entity with Association standards and the insurance laws, standards, and regulations of any State in which the business entity seeks to do business on the basis of Association membership.
(3)Categories
(A)Separate categories for insurance producers permittedThe Association may establish separate categories of membership for insurance producers and for other persons or entities within each class, based on the types of licensing categories that exist under State laws.
(B)Separate treatment for depository institutions prohibitedNo special categories of membership, and no distinct membership criteria, shall be established for members that are depository institutions or for employees, agents, or affiliates of depository institutions.
(d)Membership criteria
(1)In generalThe Association may establish criteria for membership which shall include standards for personal qualifications, education, training, and experience. The Association shall not establish criteria that unfairly limit the ability of a small insurance producer to become a member of the Association, including imposing discriminatory membership fees.
(2)QualificationsIn establishing criteria under paragraph (1), the Association shall not adopt any qualification less protective to the public than that contained in the National Association of Insurance Commissioners (referred to in this subtitle as the NAIC) Producer Licensing Model Act in effect as of the date of enactment of the National Association of Registered Agents and Brokers Reform Act of 2013, and shall consider the highest levels of insurance producer qualifications established under the licensing laws of the States.
(3)Assistance from States
(A)In generalThe Association may request a State to provide assistance in investigating and evaluating the eligibility of a prospective member for membership in the Association.
(B)Authorization of information sharingA submission under subsection (a)(4)(C)(i) made by an insurance producer licensed in a State shall include a statement signed by the person about whom the assistance is requested authorizing—
(i)the State to share information with the Association; and
(ii)the Association to receive the information.
(C)Rule of constructionSubparagraph (A) shall not be construed as requiring or authorizing any State to adopt new or additional requirements concerning the licensing or evaluation of insurance producers.
(4)Denial of membershipThe Association may, based on reasonably consistently applied standards, deny membership to any State-licensed insurance producer for failure to meet the membership criteria established by the Association.
(e)Effect of membership
(1)Authority of association membersMembership in the Association shall—
(A)authorize an insurance producer to sell, solicit, or negotiate insurance in any State for which the member pays the licensing fee set by the State for any line or lines of insurance specified in the home State license of the insurance producer, and exercise all such incidental powers as shall be necessary to carry out such activities, including claims adjustments and settlement to the extent permissible under the laws of the State, risk management, employee benefits advice, retirement planning, and any other insurance-related consulting activities;
(B)be the equivalent of a nonresident insurance producer license for purposes of authorizing the insurance producer to engage in the activities described in subparagraph (A) in any State where the member pays the licensing fee; and
(C)be the equivalent of a nonresident insurance producer license for the purpose of subjecting an insurance producer to all laws, regulations, provisions or other action of any State concerning revocation, suspension, or other enforcement action related to the ability of a member to engage in any activity within the scope of authority granted under this subsection and to all State laws, regulations, provisions, and actions preserved under paragraph (5).
(2)Violent Crime Control and Law Enforcement Act of 1994Nothing in this subtitle shall be construed to alter, modify, or supercede any requirement established by section 1033 of title 18, United States Code.
(3)Agent for remitting feesThe Association shall act as an agent for any member for purposes of remitting licensing fees to any State pursuant to paragraph (1).
(4)Notification of action
(A)In generalThe Association shall notify the States (including State insurance regulators) and the NAIC when an insurance producer has satisfied the membership criteria of this section. The States (including State insurance regulators) shall have 10 business days after the date of the notification in order to provide the Association with evidence that the insurance producer does not satisfy the criteria for membership in the Association.
(B)Ongoing disclosures requiredOn an ongoing basis, the Association shall disclose to the States (including State insurance regulators) and the NAIC a list of the States in which each member is authorized to operate. The Association shall immediately notify the States (including State insurance regulators) and the NAIC when a member is newly authorized to operate in one or more States, or is no longer authorized to operate in one or more States on the basis of Association membership.
(5)Preservation of consumer protection and market conduct regulation
(A)In generalNo provision of this section shall be construed as altering or affecting the applicability or continuing effectiveness of any law, regulation, provision, or other action of any State, including those described in subparagraph (B), to the extent that the State law, regulation, provision, or other action is not inconsistent with the provisions of this subtitle related to market entry for nonresident insurance producers, and then only to the extent of the inconsistency.
(B)Preserved regulationsThe laws, regulations, provisions, or other actions of any State referred to in subparagraph (A) include laws, regulations, provisions, or other actions that—
(i)regulate market conduct, insurance producer conduct, or unfair trade practices;
(ii)establish consumer protections; or
(iii)require insurance producers to be appointed by a licensed or authorized insurer.
(f)Biennial renewalMembership in the Association shall be renewed on a biennial basis.
(g)Continuing education
(1)In generalThe Association shall establish, as a condition of membership, continuing education requirements which shall be comparable to the continuing education requirements under the licensing laws of a majority of the States.
(2)State continuing education requirementsA member may not be required to satisfy continuing education requirements imposed under the laws, regulations, provisions, or actions of any State other than the home State of the member.
(3)ReciprocityThe Association shall not require a member to satisfy continuing education requirements that are equivalent to any continuing education requirements of the home State of the member that have been satisfied by the member during the applicable licensing period.
(4)Limitation on the AssociationThe Association shall not directly or indirectly offer any continuing education courses for insurance producers.
(h)Probation, suspension and revocation
(1)Disciplinary actionThe Association may place an insurance producer that is a member of the Association on probation or suspend or revoke the membership of the insurance producer in the Association, or assess monetary fines or penalties, as the Association determines to be appropriate, if—
(A)the insurance producer fails to meet the applicable membership criteria or other standards established by the Association;
(B)the insurance producer has been subject to disciplinary action pursuant to a final adjudicatory proceeding under the jurisdiction of a State insurance regulator;
(C)an insurance license held by the insurance producer has been suspended or revoked by a State insurance regulator; or
(D)the insurance producer has been convicted of a crime that would have resulted in the denial of membership pursuant to subsection (a)(4)(L)(i) at the time of application, and the Association has received a copy of the final disposition from a court of competent jurisdiction.
(2)Violations of Association standardsThe Association shall have the power to investigate alleged violations of Association standards.
(3)ReportingThe Association shall immediately notify the States (including State insurance regulators) and the NAIC when the membership of an insurance producer has been placed on probation or has been suspended, revoked, or otherwise terminated, or when the Association has assessed monetary fines or penalties.
(i)Consumer complaints
(1)In generalThe Association shall—
(A)refer any complaint against a member of the Association from a consumer relating to alleged misconduct or violations of State insurance laws to the State insurance regulator where the consumer resides and, when appropriate, to any additional State insurance regulator, as determined by standards adopted by the Association; and
(B)make any related records and information available to each State insurance regulator to whom the complaint is forwarded.
(2)Telephone and other accessThe Association shall maintain a toll-free number for purposes of this subsection and, as practicable, other alternative means of communication with consumers, such as an Internet webpage.
(3)Final disposition of investigationState insurance regulators shall provide the Association with information regarding the final disposition of a complaint referred pursuant to paragraph (1)(A), but nothing shall be construed to compel a State to release confidential investigation reports or other information protected by State law to the Association.
(j)Information sharingThe Association may—
(1)share documents, materials, or other information, including confidential and privileged documents, with a State, Federal, or international governmental entity or with the NAIC or other appropriate entity referred to paragraphs (3) and (4), provided that the recipient has the authority and agrees to maintain the confidentiality or privileged status of the document, material, or other information;
(2)limit the sharing of information as required under this subtitle with the NAIC or any other non-governmental entity, in circumstances under which the Association determines that the sharing of such information is unnecessary to further the purposes of this subtitle;
(3)establish a central clearinghouse, or utilize the NAIC or another appropriate entity, as determined by the Association, as a central clearinghouse, for use by the Association and the States (including State insurance regulators), through which members of the Association may disclose their intent to operate in 1 or more States and pay the licensing fees to the appropriate States; and
(4)establish a database, or utilize the NAIC or another appropriate entity, as determined by the Association, as a database, for use by the Association and the States (including State insurance regulators) for the collection of regulatory information concerning the activities of insurance producers.
(k)Effective DateThe provisions of this section shall take effect on the later of—
(1)the expiration of the 2-year period beginning on the date of enactment of the National Association of Registered Agents and Brokers Reform Act of 2013; and
(2)the date of incorporation of the Association.
324.Board of directors
(a)EstablishmentThere is established a board of directors of the Association, which shall have authority to govern and supervise all activities of the Association.
(b)PowersThe Board shall have such of the powers and authority of the Association as may be specified in the bylaws of the Association.
(c)Composition
(1)In generalThe Board shall consist of 13 members who shall be appointed by the President, by and with the advice and consent of the Senate, in accordance with the procedures established under Senate Resolution 116 of the 112th Congress, of whom—
(A)8 shall be State insurance commissioners appointed in the manner provided in paragraph (2), 1 of whom shall be designated by the President to serve as the chairperson of the Board until the Board elects one such State insurance commissioner Board member to serve as the chairperson of the Board;
(B)3 shall have demonstrated expertise and experience with property and casualty insurance producer licensing; and
(C)2 shall have demonstrated expertise and experience with life or health insurance producer licensing.
(2)State insurance regulator representatives
(A)RecommendationsBefore making any appointments pursuant to paragraph (1)(A), the President shall request a list of recommended candidates from the States through the NAIC, which shall not be binding on the President. If the NAIC fails to submit a list of recommendations not later than 15 business days after the date of the request, the President may make the requisite appointments without considering the views of the NAIC.
(B)Political affiliationNot more than 4 Board members appointed under paragraph (1)(A) shall belong to the same political party.
(C)Former State insurance commissioners
(i)In generalIf, after offering each currently serving State insurance commissioner an appointment to the Board, fewer than 8 State insurance commissioners have accepted appointment to the Board, the President may appoint the remaining State insurance commissioner Board members, as required under paragraph (1)(A), of the appropriate political party as required under subparagraph (B), from among individuals who are former State insurance commissioners.
(ii)LimitationA former State insurance commissioner appointed as described in clause (i) may not be employed by or have any present direct or indirect financial interest in any insurer, insurance producer, or other entity in the insurance industry, other than direct or indirect ownership of, or beneficial interest in, an insurance policy or annuity contract written or sold by an insurer.
(D)Service through termIf a Board member appointed under paragraph (1)(A) ceases to be a State insurance commissioner during the term of the Board member, the Board member shall cease to be a Board member.
(3)Private sector representativesIn making any appointment pursuant to subparagraph (B) or (C) of paragraph (1), the President may seek recommendations for candidates from groups representing the category of individuals described, which shall not be binding on the President.
(4)State insurance commissioner definedFor purposes of this subsection, the term State insurance commissioner means a person who serves in the position in State government, or on the board, commission, or other body that is the primary insurance regulatory authority for the State.
(d)Terms
(1)In generalExcept as provided under paragraph (2), the term of service for each Board member shall be 2 years.
(2)Exceptions
(A)1-year termsThe term of service shall be 1 year, as designated by the President at the time of the nomination of the subject Board members for—
(i)4 of the State insurance commissioner Board members initially appointed under paragraph (1)(A), of whom not more than 2 shall belong to the same political party;
(ii)1 of the Board members initially appointed under paragraph (1)(B); and
(iii)1 of the Board members initially appointed under paragraph (1)(C).
(B)Expiration of TermA Board member may continue to serve after the expiration of the term to which the Board member was appointed for the earlier of 2 years or until a successor is appointed.
(C)Mid-term appointmentsA Board member appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of the Board member was appointed shall be appointed only for the remainder of that term.
(3)Successive termsBoard members may be reappointed to successive terms.
(e)Initial appointmentsThe appointment of initial Board members shall be made no later than 90 days after the date of enactment of the National Association of Registered Agents and Brokers Reform Act of 2014.
(f)Meetings
(1)In generalThe Board shall meet—
(A)at the call of the chairperson;
(B)as requested in writing to the chairperson by not fewer than 5 Board members; or
(C)as otherwise provided by the bylaws of the Association.
(2)Quorum requiredA majority of all Board members shall constitute a quorum.
(3)VotingDecisions of the Board shall require the approval of a majority of all Board members present at a meeting, a quorum being present.
(4)Initial meetingThe Board shall hold its first meeting not later than 45 days after the date on which all initial Board members have been appointed.
(g)Restriction on confidential informationBoard members appointed pursuant to subparagraphs (B) and (C) of subsection (c)(1) shall not have access to confidential information received by the Association in connection with complaints, investigations, or disciplinary proceedings involving insurance producers.
(h)Ethics and conflicts of interestThe Board shall issue and enforce an ethical conduct code to address permissible and prohibited activities of Board members and Association officers, employees, agents, or consultants. The code shall, at a minimum, include provisions that prohibit any Board member or Association officer, employee, agent or consultant from—
(1)engaging in unethical conduct in the course of performing Association duties;
(2)participating in the making or influencing the making of any Association decision, the outcome of which the Board member, officer, employee, agent, or consultant knows or had reason to know would have a reasonably foreseeable material financial effect, distinguishable from its effect on the public generally, on the person or a member of the immediate family of the person;
(3)accepting any gift from any person or entity other than the Association that is given because of the position held by the person in the Association;
(4)making political contributions to any person or entity on behalf of the Association; and
(5)lobbying or paying a person to lobby on behalf of the Association.
(i)Compensation
(1)In generalExcept as provided in paragraph (2), no Board member may receive any compensation from the Association or any other person or entity on account of Board membership.
(2)Travel expenses and per diemBoard members may be reimbursed only by the Association for travel expenses, including per diem in lieu of subsistence, at rates consistent with rates authorized for employees of Federal agencies under subchapter I of chapter 57 of title 5, United States Code, while away from home or regular places of business in performance of services for the Association.
325.Bylaws, standards, and disciplinary actions
(a)Adoption and amendment of bylaws and standards
(1)ProceduresThe Association shall adopt procedures for the adoption of bylaws and standards that are similar to procedures under subchapter II of chapter 5 of title 5, United States Code (commonly known as the Administrative Procedure Act).
(2)Copy required to be filedThe Board shall submit to the President, through the Department of the Treasury, and the States (including State insurance regulators), and shall publish on the website of the Association, all proposed bylaws and standards of the Association, or any proposed amendment to the bylaws or standards of the Association, accompanied by a concise general statement of the basis and purpose of such proposal.
(3)Effective dateAny proposed bylaw or standard of the Association, and any proposed amendment to the bylaws or standards of the Association, shall take effect, after notice under paragraph (2) and opportunity for public comment, on such date as the Association may designate, unless suspended under section 329(c).
(4)Rule of constructionNothing in this section shall be construed to subject the Board or the Association to the requirements of subchapter II of chapter 5 of title 5, United States Code (commonly known as the Administrative Procedure Act).
(b)Disciplinary action by the Association
(1)Specification of chargesIn any proceeding to determine whether membership shall be denied, suspended, revoked, or not renewed, or to determine whether a member of the Association should be placed on probation (referred to in this section as a disciplinary action) or whether to assess fines or monetary penalties, the Association shall bring specific charges, notify the member of the charges, give the member an opportunity to defend against the charges, and keep a record.
(2)Supporting statementA determination to take disciplinary action shall be supported by a statement setting forth—
(A)any act or practice in which the member has been found to have been engaged;
(B)the specific provision of this subtitle or standard of the Association that any such act or practice is deemed to violate; and
(C)the sanction imposed and the reason for the sanction.
(3)Ineligibility of private sector representativesBoard members appointed pursuant to section 324(c)(3) may not—
(A)participate in any disciplinary action or be counted toward establishing a quorum during a disciplinary action; and
(B)have access to confidential information concerning any disciplinary action.
326.PowersIn addition to all the powers conferred upon a nonprofit corporation by the District of Columbia Nonprofit Corporation Act, the Association shall have the power to—
(1)establish and collect such membership fees as the Association finds necessary to impose to cover the costs of its operations;
(2)adopt, amend, and repeal bylaws, procedures, or standards governing the conduct of Association business and performance of its duties;
(3)establish procedures for providing notice and opportunity for comment pursuant to section 325(a);
(4)enter into and perform such agreements as necessary to carry out the duties of the Association;
(5)hire employees, professionals, or specialists, and elect or appoint officers, and to fix their compensation, define their duties and give them appropriate authority to carry out the purposes of this subtitle, and determine their qualification;
(6)establish personnel policies of the Association and programs relating to, among other things, conflicts of interest, rates of compensation, where applicable, and qualifications of personnel;
(7)borrow money; and
(8)secure funding for such amounts as the Association determines to be necessary and appropriate to organize and begin operations of the Association, which shall be treated as loans to be repaid by the Association with interest at market rate.
327.Report by the Association
(a)In generalAs soon as practicable after the close of each fiscal year, the Association shall submit to the President, through the Department of the Treasury, and the States (including State insurance regulators), and shall publish on the website of the Association, a written report regarding the conduct of its business, and the exercise of the other rights and powers granted by this subtitle, during such fiscal year.
(b)Financial statementsEach report submitted under subsection (a) with respect to any fiscal year shall include audited financial statements setting forth the financial position of the Association at the end of such fiscal year and the results of its operations (including the source and application of its funds) for such fiscal year.
328.Liability of the Association and the Board members, officers, and employees of the Association
(a)In generalThe Association shall not be deemed to be an insurer or insurance producer within the meaning of any State law, rule, regulation, or order regulating or taxing insurers, insurance producers, or other entities engaged in the business of insurance, including provisions imposing premium taxes, regulating insurer solvency or financial condition, establishing guaranty funds and levying assessments, or requiring claims settlement practices.
(b)Liability of Board members, officers, and employeesNo Board member, officer, or employee of the Association shall be personally liable to any person for any action taken or omitted in good faith in any matter within the scope of their responsibilities in connection with the Association.
329.Presidential oversight
(a)Removal of BoardIf the President determines that the Association is acting in a manner contrary to the interests of the public or the purposes of this subtitle or has failed to perform its duties under this subtitle, the President may remove the entire existing Board for the remainder of the term to which the Board members were appointed and appoint, in accordance with section 324 and with the advice and consent of the Senate, in accordance with the procedures established under Senate Resolution 116 of the 112th Congress, new Board members to fill the vacancies on the Board for the remainder of the terms.
(b)Removal of Board memberThe President may remove a Board member only for neglect of duty or malfeasance in office.
(c)Suspension of bylaws and standards and prohibition of actionsFollowing notice to the Board, the President, or a person designated by the President for such purpose, may suspend the effectiveness of any bylaw or standard, or prohibit any action, of the Association that the President or the designee determines is contrary to the purposes of this subtitle.
330.Relationship to State law
(a)Preemption of State lawsState laws, regulations, provisions, or other actions purporting to regulate insurance producers shall be preempted to the extent provided in subsection (b).
(b)Prohibited actions
(1)In generalNo State shall—
(A)impede the activities of, take any action against, or apply any provision of law or regulation arbitrarily or discriminatorily to, any insurance producer because that insurance producer or any affiliate plans to become, has applied to become, or is a member of the Association;
(B)impose any requirement upon a member of the Association that it pay fees different from those required to be paid to that State were it not a member of the Association; or
(C)impose any continuing education requirements on any nonresident insurance producer that is a member of the Association.
(2)States other than a home StateNo State, other than the home State of a member of the Association, shall—
(A)impose any licensing, personal or corporate qualifications, education, training, experience, residency, continuing education, or bonding requirement upon a member of the Association that is different from the criteria for membership in the Association or renewal of such membership;
(B)impose any requirement upon a member of the Association that it be licensed, registered, or otherwise qualified to do business or remain in good standing in the State, including any requirement that the insurance producer register as a foreign company with the secretary of state or equivalent State official;
(C)require that a member of the Association submit to a criminal history record check as a condition of doing business in the State; or
(D)impose any licensing, registration, or appointment requirements upon a member of the Association, or require a member of the Association to be authorized to operate as an insurance producer, in order to sell, solicit, or negotiate insurance for commercial property and casualty risks to an insured with risks located in more than one State, if the member is licensed or otherwise authorized to operate in the State where the insured maintains its principal place of business and the contract of insurance insures risks located in that State.
(3)Preservation of State disciplinary authorityNothing in this section may be construed to prohibit a State from investigating and taking appropriate disciplinary action, including suspension or revocation of authority of an insurance producer to do business in a State, in accordance with State law and that is not inconsistent with the provisions of this section, against a member of the Association as a result of a complaint or for any alleged activity, regardless of whether the activity occurred before or after the insurance producer commenced doing business in the State pursuant to Association membership.
331.Coordination with Financial Industry Regulatory AuthorityThe Association shall coordinate with the Financial Industry Regulatory Authority in order to ease any administrative burdens that fall on members of the Association that are subject to regulation by the Financial Industry Regulatory Authority, consistent with the requirements of this subtitle and the Federal securities laws.
332.Right of action
(a)Right of actionAny person aggrieved by a decision or action of the Association may, after reasonably exhausting available avenues for resolution within the Association, commence a civil action in an appropriate United States district court, and obtain all appropriate relief.
(b)Association interpretationsIn any action under subsection (a), the court shall give appropriate weight to the interpretation of the Association of its bylaws and standards and this subtitle.
333.Federal funding prohibitedThe Association may not receive, accept, or borrow any amounts from the Federal Government to pay for, or reimburse, the Association for, the costs of establishing or operating the Association.
334.DefinitionsFor purposes of this subtitle, the following definitions shall apply:
(1)Business entityThe term business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity.
(2)Depository institutionThe term depository institution has the meaning as in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(3)Home StateThe term home State means the State in which the insurance producer maintains its principal place of residence or business and is licensed to act as an insurance producer.
(4)InsuranceThe term insurance means any product, other than title insurance or bail bonds, defined or regulated as insurance by the appropriate State insurance regulatory authority.
(5)Insurance producerThe term insurance producer means any insurance agent or broker, excess or surplus lines broker or agent, insurance consultant, limited insurance representative, and any other individual or entity that sells, solicits, or negotiates policies of insurance or offers advice, counsel, opinions or services related to insurance.
(6)InsurerThe term insurer has the meaning as in section 313(e)(2)(B) of title 31, United States Code.
(7)Principal place of businessThe term principal place of business means the State in which an insurance producer maintains the headquarters of the insurance producer and, in the case of a business entity, where high-level officers of the entity direct, control, and coordinate the business activities of the business entity.
(8)Principal place of residenceThe term principal place of residence means the State in which an insurance producer resides for the greatest number of days during a calendar year.
(9)StateThe term State includes any State, the District of Columbia, any territory of the United States, and Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands.
(10)State law
(A)In generalThe term State law includes all laws, decisions, rules, regulations, or other State action having the effect of law, of any State.
(B)Laws applicable in the District of ColumbiaA law of the United States applicable only to or within the District of Columbia shall be treated as a State law rather than a law of the United States..
(b)Technical amendmentThe table of contents for the Gramm-Leach-Bliley Act is amended by striking the items relating to subtitle C of title III and inserting the following new items:

Subtitle C—National Association of Registered Agents and Brokers
Sec. 321. National Association of Registered Agents and Brokers.
Sec. 322. Purpose.
Sec. 323. Membership.
Sec. 324. Board of directors.
Sec. 325. Bylaws, standards, and disciplinary actions.
Sec. 326. Powers.
Sec. 327. Report by the Association.
Sec. 328. Liability of the Association and the Board members, officers, and employees of the Association.
Sec. 329. Presidential oversight.
Sec. 330. Relationship to State law.
Sec. 331. Coordination with financial industry regulatory authority.
Sec. 332. Right of action.
Sec. 333. Federal funding prohibited.
Sec. 334. Definitions..

July 16, 2014
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed


115 HR 6785 IH: Economic Development Act for Distressed Zones of 2018
U.S. House of Representatives
2018-09-12
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 CONGRESS2d SessionH. R. 6785IN THE HOUSE OF REPRESENTATIVESSeptember 12, 2018Miss González-Colón of Puerto Rico (for herself and Mr. Thompson of Mississippi) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo provide tax incentives to promote economic development in Economically Distressed Zones.

 1.Short titleThis Act may be cited as the Economic Development Act for Distressed Zones of 2018. 2.Economically distressed zones (a)In generalChapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter:

					AAEconomically Distressed Zones

							Sec. 1400AA–1. Economically Distressed Zones.
							Sec. 1400AA–2. Designation of economically distressed zones.
						1400AA–1.Economically Distressed Zone credit
 (a)Allowance of creditThere shall be allowed as a credit against the tax imposed by subtitle A for the taxable year an amount equal to sum of—
 (1)an amount equal to 40 percent of the sum of— (A)the aggregate amount of the taxpayer’s economically distressed zone wages for such taxable year, plus
 (B)the allocable employee fringe benefit expenses of the taxpayer for such taxable year, (2)an amount equal to 40 percent of the depreciation and amortization allowances for the taxable year with respect to property of the taxpayer which are located and used in the active conduct of a trade or business within an economically distressed zone, and
 (3)an amount equal to 30 percent of the payments made by the taxpayer in course of a trade or business for purchases of services or tangible property from an unrelated person (40 percent in the case of such a purchase from an unrelated minority business) located within an economically distressed zone.
 (b)Denial of double benefitAny wages or other expenses taken into account in determining the credit under this section may not be taken into account in determining the credit under sections 41, and any other provision determined by the Secretary to be substantially similar.
 (c)Definitions and special rulesFor purposes of this section— (1)Qualified economically distressed zone wages (A)In generalThe term qualified economically distressed zone wages means amounts paid or incurred by the taxpayer for the taxable year which are—
 (i)in connection with the active conduct of a trade or business of the taxpayer within an economically distressed zone, and
 (ii)for wages of an employee for services provided, and the principal place of employment of whom is, in such economically distressed zone.
										(B)Limitation on amount of wages taken into account
 (i)In generalThe amount of wages which may be taken into account under subparagraph (A) with respect to any employee for any taxable year shall not exceed the contribution and benefit base determined under section 230 of the Social Security Act for the calendar year in which such taxable year begins.
 (ii)Treatment of part-time employees, etcIf— (I)any employee is not employed by the taxpayer on a substantially full-time basis at all times during the taxable year, or
 (II)the principal place of employment of any employee is not within an economically distressed zone at all times during the taxable year,
											the limitation applicable under clause (i) with respect to such employee shall be the appropriate
			 portion (as determined by the Secretary) of the limitation which would
 otherwise be in effect under clause (i).(C)Treatment of certain employeesThe term qualified economically distressed zone wages shall not include any wages paid to employees who are assigned by the employer to perform services for another person, unless the principal trade or business of the employer is to make employees available for temporary periods to other persons in return for compensation.
									(2)Allocable employee fringe benefit expenses
 (A)In generalThe term allocable employee fringe benefit expenses means the aggregate amount allowable as a deduction under this chapter to the taxpayer for the taxable year for the following amounts which are allocable to employment in an economically distressed zone:
 (i)Employer contributions under a stock bonus, pension, profit-sharing, or annuity plan. (ii)Employer-provided coverage under any accident or health plan for employees.
 (iii)The cost of life or disability insurance provided to employees. (B)AllocationFor purposes of subparagraph (A), an amount shall be treated as allocable to an economically distressed zone only if such amount is with respect to employment of an individual for services provided, and the principal place of employment of whom is, in such zone.
									(3)Minority business
 (A)In generalThe term minority business means— (i)a sole proprietorship carried on by a qualified individual, or
 (ii)a corporation or partnership— (I)at least 50 percent of the ownership interests in which are held by one or more qualified individuals, and
 (II)of which a qualified individual is the president or chief executive officer (or a substantially equivalent position).
 (B)Qualified individualThe term qualified individual means any individual who— (i)is of Asian-Indian, Asian-Pacific, Black, Hispanic or native American origin or descent, and
 (ii)is a United States citizen or legal resident of the United States or any of its territories or possessions.
										(4)Aggregation rules
 (A)In generalMembers of an affiliated group shall be treated as a single taxpayer. (B)Affiliated groupThe term qualified group means an affiliated group (as defined in section 1504(a), determined without regard to section 1504(b)(3)) one or more members of which are engaged in the active conduct of a trade or business within an economically distressed zone.
 (C)Related personsPersons shall be treated as related to each other if such persons would be treated as a single employer under the regulations prescribed under section 52(b).
									1400AA–2.Designation of economically distressed zones
 (a)In generalFor purposes of this subchapter, the term economically distressed zone means any population census tract which— (1)has pervasive poverty, unemployment, low labor force participation, and general distress measured as a prolonged period of economic decline measured by real gross national product,
 (2)has a poverty rate of not less than 35 percent, and (3)has been designated as such by the Secretary and the Secretary of Commerce pursuant to an application under subsection (b).
								(b)Application for designation
 (1)In generalAn application for designation as an economically distressed zone may be filed by a State or local government in which the population census tract to which the application applies is located.
 (2)RequirementsSuch application shall include— (A)a Fiscal Plan submitted pursuant to section 201 of the Puerto Rico Oversight, Management, and Economic Stability Act, or
 (B)a strategic plan for accomplishing the purposes of this subchapter, which— (i)describes the coordinated economic, human, community, and physical development plan and related activities proposed for the nominated area,
 (ii)describes the process by which the affected community is a full partner in the process of developing and implementing the plan and the extent to which local institutions and organizations have contributed to the planning process,
 (iii)identifies the amount of State, local, and private resources that will be available in the nominated area and the private/public partnerships to be used, which may include participation by, and cooperation with, universities, medical centers, and other private and public entities,
 (iv)identifies the funding requested under any Federal program in support of the proposed economic, human, community, and physical development and related activities,
 (v)identifies baselines, methods, and benchmarks for measuring the success of carrying out the strategic plan, including the extent to which poor persons and families will be empowered to become economically self-sufficient, and
 (vi)does not include any action to assist any establishment in relocating from one area outside the nominated area to the nominated area, except that assistance for the expansion of an existing business entity through the establishment of a new branch, affiliate, or subsidiary is permitted if—
 (I)the establishment of the new branch, affiliate, or subsidiary will not result in a decrease in employment in the area of original location or in any other area where the existing business entity conducts business operations, and
 (II)there is no reason to believe that the new branch, affiliate, or subsidiary is being established with the intention of closing down the operations of the existing business entity in the area of its original location or in any other area where the existing business entity conducts business operation, and
 (III)includes such other information as may be required by the Secretary and the Secretary of Commerce. (c)Period for which designations in effectDesignation as an economically distressed zone may be made at any time during the 10-year period beginning on the date of the enactment of this section, and shall remain in effect with respect to such zone during the 15-year period beginning on the date of such designation.
 (d)Territories and possessionsThe term State includes territories and possessions of the United States. . (b)Effective dateThe amendments made by this section shall apply to taxable years beginning after December 31, 2017.


116 S2092 IS: Modernizing the Pittman-Robertson Fund for Tomorrow’s Needs Act
U.S. Senate
2019-07-11
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.

II116th CONGRESS1st SessionS. 2092IN THE SENATE OF THE UNITED STATESJuly 11, 2019Mr. Risch (for himself, Mr. Jones, Mr. Cotton, Mr. Heinrich, Mr. Alexander, Mr. Manchin, Mrs. Fischer, Mr. King, and Mr. Boozman) introduced the following bill; which was read twice and referred to the Committee on Environment and Public WorksA BILLTo amend the Pittman-Robertson Wildlife Restoration Act to modernize the funding of wildlife
			 conservation, and for other purposes.

 1.Short titleThis Act may be cited as the Modernizing the Pittman-Robertson Fund for Tomorrow’s Needs Act. 2.PurposeThe first section of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669) is amended by adding at the end the following: One of the purposes of this Act is to provide financial and technical assistance to the States for the promotion of hunting and recreational shooting..
 3.DefinitionsSection 2 of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669a) is amended— (1)by redesignating paragraphs (2) through (9) as paragraphs (4) through (11), respectively; and
 (2)by inserting after paragraph (1) the following:  (2)for the purposes of determining the number of paid hunting-license holders in a State, the term fiscal year means the fiscal year or license year of the State;
 (3)the term hunter recruitment and recreational shooter recruitment means any activity or project to recruit or retain hunters and recreational shooters, including by—
 (A)outreach and communications as a means— (i)to improve communications with hunters, recreational shooters, and the general public with respect to hunting and recreational shooting opportunities;
 (ii)to reduce barriers to participation in these activities; (iii)to advance the adoption of sound hunting and recreational shooting practices;
 (iv)to promote conservation and the responsible use of the wildlife resources of the United States; and (v)to further safety in hunting and recreational shooting;
 (B)providing education, mentoring, and field demonstrations; (C)enhancing access for hunting and recreational shooting, including through range construction; and
 (D)providing education to the public about the role of hunting and recreational shooting in funding wildlife conservation;.
			4.Apportionment of available amounts
 (a)Apportionment of certain taxesThe first subsection (c) of section 4 of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669c) is amended—
 (1)by inserting Apportionment of revenues from pistols, revolvers, bows, and arrows.— after the enumerator; (2)by striking One-half and inserting the following:

 (1)In generalSubject to paragraph (2), ½; (3)by striking : Provided, That and inserting a period;
 (4)by striking each State shall be apportioned not more than 3 per centum and not less than 1 per centum of such revenues and inserting the following:

 (2)ConditionThe amount apportioned to each State under paragraph (1) shall be not greater than 3 percent and not less than 1 percent of the revenues described in that paragraph;
 (5)in paragraph (2) (as so designated), by striking one-sixth of 1 per centum of such revenues and inserting 1/6 of 1 percent of those revenues; (6)by striking For the purpose and inserting the following:

 (3)Population determinationFor the purpose; and (7)by adding at the end the following:

 (4)Use of fundsIn addition to other uses authorized under this Act, amounts apportioned under this subsection may be used for hunter recruitment and recreational shooter recruitment..
 (b)Technical correctionSection 4 of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669c) is amended by redesignating the second subsection (c) and subsection (d) as subsections (d) and (e), respectively.
 5.Expenditures for management of wildlife areas and resourcesSection 8 of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669g) is amended— (1)in subsection (a), in the third sentence, by striking and public relations; and
 (2)in subsection (b)(1), by striking , as a part of such program. 6.Firearm and bow hunter education and safety program grantsSection 10(a)(1)(A) of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669h–1(a)(1)(A)) is amended—
 (1)in clause (iii), by striking and at the end; and (2)by adding at the end the following:

 (v)the enhancement of hunter recruitment and recreational shooter recruitment; and. 7.Multistate conservation grant program (a)In generalSection 11 of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669h–2) is amended—
 (1)in subsection (a)(1)— (A)by striking Not more than and inserting the following:

 (A)In generalNot more than; and (B)by adding at the end the following:

 (B)Availability for hunter and recreational shooter grantsNot more than $5,000,000 of the revenues covered into the fund from any tax imposed under section 4161(b) of the Internal Revenue Code of 1986 for a fiscal year shall be available to the Secretary exclusively for making hunter recruitment and recreational shooter recruitment grants that promote a national hunting and shooting sport recruitment program, including related communication and outreach activities.;
 (2)in subsection (b)(3), in the matter preceding subparagraph (A), by striking International; (3)in subsection (c)(2)(A)—
 (A)in the matter preceding clause (i), by striking International; and (B)in clause (i), by inserting or to recreational shooting activities after wildlife; and
 (4)in subsection (d), by inserting or to recreational shooting activities after wildlife. (b)StudyNot later than 10 years after the date of enactment of this Act, the Secretary of the Interior, acting through the Director of the United States Fish and Wildlife Service, shall—
 (1)review and evaluate the effects of the funds made available under subparagraph (B) of section 11(a)(1) of the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669h–2(a)(1)) on funds available for wildlife conservation; and
 (2)submit a report describing the results of the review and evaluation under paragraph (1) to— (A)the Committee on Environment and Public Works of the Senate; and
 (B)the Committee on Natural Resources of the House of Representatives.