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SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) Short Title.--This Act may be cited as the ''Charitable Giving
Protection Act of 1995''.
(b) Table of Contents.--The table of contents for this Act is as
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Findings.
TITLE I--AMENDMENTS TO THE SECURITIES LAWS

Sec. 101. Amendment to the Investment Company Act of 1940.
Sec. 102. Amendment to the Securities Act of 1933.
Sec. 103. Amendments to the Securities Exchange Act of 1934.
Sec. 104. Amendment of the Investment Advisers Act of 1940.
Sec. 105. Effective dates and applicability.
TITLE II--CLARIFICATION OF ANTITRUST LAWS

Sec. 201. Exemption from antitrust laws.
Sec. 202. Effective date and applicability.
SEC. 2. FINDINGS.

The Congress finds that--
(1) charities have served a unique and essential role in
meeting the needs of the American people;
(2) charities have healed the sick, fed the hungry,
sheltered the needy, and educated our children;
(3) in order to ensure that charities can continue to meet
the needs of the American people, the Federal Government should
do everything possible to encourage charitable giving;
(4) charities should be able to raise funds and invest
funds, both on their own and collectively with other charities,
without excessive Government intervention or unnecessary legal
or regulatory requirements;
(5) the Congress, in passing the Technical Corrections Act
of 1988, differentiated between charitable gift annuities and
annuities issued by commercial organizations for profit; and
(6) unlike commercial annuities, charitable gift annuities
are not issued for profit, and their issuance, maintenance, and
investment by charities is not subject to the anticompetitive
prohibitions of the Federal antitrust laws.

TITLE I--AMENDMENTS TO THE SECURITIES LAWS

SEC. 101. AMENDMENT TO THE INVESTMENT COMPANY ACT OF 1940.

Section 3(c) of the Investment Company Act of 1940 (15 U.S.C. 80a-
3(c)) is amended by inserting after paragraph (6) the following new
paragraph:
''(7)(A) Subject to subparagraph (B), a pooled income fund,
or any collective trust fund, collective investment fund, or
similar fund maintained by a charitable organization
exclusively for the collective investment and reinvestment of--
''(i) the general endowment fund or other funds of
one or more charitable organizations;
''(ii) assets of a pooled income fund;
''(iii) assets contributed to a charitable
organization in exchange for the issuance of charitable
gift annuities;
''(iv) assets of a charitable remainder trust or of
any other trust, the remainder interests of which are
irrevocably dedicated to any charitable organization;
''(v) assets of a charitable lead trust; or
''(vi) assets of a trust not described in clauses
(i) through (v), the remainder interests of which are
revocably dedicated to a charitable organization.
''(B) A fund described in subparagraph (A), and any
charitable organization that maintains such a fund, shall be
excluded from treatment as an investment company in accordance
with this subsection only if--
''(i) each contributor to a pooled income fund and
each settlor of a trust described in clause (iv), (v),
or (vi) of subparagraph (A) is provided with written
information describing the material terms of the
instruments governing the operation of the pooled
income fund, in the case of a contributor to such fund,
or of the fund in which any assets of such pooled
income fund or such a trust are invested, by the later
of June 30, 1996, or the date of investment in such
fund; and
''(ii) each person soliciting gifts, as described
in subparagraph (A), that will be administered in any
collective trust fund, collective investment fund, or
similar fund maintained by a charitable organization is
either a volunteer or is employed in the overall
fundraising activities of a charitable organization and
receives no commissions or other special compensation
based on the amount of gifts transferred to such fund.
''(C) The exemption provided by subparagraph (A)(vi) shall
terminate on December 31, 1998.
''(D) For purposes of this paragraph--
''(i) a trust or fund is 'maintained' by a
charitable organization that serves as a trustee or
administrator of the trust or fund or that has the
power to remove the trustees or administrators of the
trust or fund and to designate new trustees or
administrators;
''(ii) the term 'pooled income fund' has the same
meaning as in section 642(c)(5) of the Internal Revenue
Code of 1986;
''(iii) the term 'charitable organization' means an
organization described in paragraphs (1) through (5) of
section 170(c) or section 501(c)(3) of the Internal
Revenue Code of 1986;
''(iv) the term 'charitable lead trust' means a
trust described in section 170(f)(2)(B), 2055(e)(2)(B),
or 2522(c)(2)(B) of the Internal Revenue Code of 1986;
''(v) the term 'charitable remainder trust' means a
charitable remainder annuity trust or a charitable
remainder unitrust, as those terms are defined in
section 664(d) of the Internal Revenue Code of 1986;
and
''(vi) the term 'charitable gift annuity' means an
annuity issued by a charitable organization that is
described in section 501(m)(5) of the Internal Revenue
Code of 1986.''.

SEC. 102. AMENDMENT TO THE SECURITIES ACT OF 1933.

Section 3(a) of the Securities Act of 1933 (15 U.S.C. 77c(a)) is
amended by adding at the end the following new paragraph:
''(13) Any security issued by or any interest or
participation in any pooled income fund, collective trust fund,
collective investment fund, or similar fund that is deemed not
to be an investment company under section 3(c)(7) of the
Investment Company Act of 1940.''.
SEC. 103. AMENDMENTS TO THE SECURITIES EXCHANGE ACT OF 1934.

(a) Exempted Securities.--Section 3(a)(12)(A) of the Securities
Exchange Act of 1934 (15 U.S.C. 78c(a)(12)(A)) is amended--
(1) in clause (iv) by striking ''and'' at the end;
(2) by redesignating clause (v) as clause (vi); and
(3) by inserting after clause (iv) the following new
clause:
''(v) any security issued by or any
interest or participation in any pooled income
fund, collective trust fund, collective
investment fund, or similar fund that is deemed
not to be an investment company under section
3(c)(7) of the Investment Company Act of 1940;
and''.
(b) Exemption From Broker-Dealer Provisions.--Section 3(a) of the
Securities Exchange Act of 1934 (15 U.S.C. 78c(c)) is amended by adding
at the end the following new paragraph:
''(54) Charitable organizations.--Notwithstanding any other
provision of this title, a charitable organization, as defined
in section 3(c)(7) of the Investment Company Act of 1940, or
any trust-
ee, director, officer, employee, or volunteer of such a
charitable organization acting within the scope of such
person's employment or duties, shall not be deemed to be a
'broker', 'dealer', 'municipal securities broker', 'municipal
securities dealer', 'government securities broker', or
'government securities dealer' for purposes of this title
solely because such organization or person buys, holds, sells,
or trades in securities for its own account in its capacity as
trustee or administrator of, or otherwise on behalf of or for
the account of--
''(A) such a charitable organization;
''(B) a fund that is exempt from the provisions of
the Investment Company Act of 1940 under section
3(c)(7) of that Act; or
''(C) a trust or other donative instrument, the
assets of which may be contributed to or invested in
such funds in accordance with section 3(c)(7) of the
Investment Company Act of 1940, or the settlors (or
potential settlors) or beneficiaries of any such trust
or other instrument.''.

SEC. 104. AMENDMENT OF THE INVESTMENT ADVISERS ACT OF 1940.

Section 202(a)(11) of the Investment Advisers Act of 1940 (15
U.S.C. 80b-2(a)(11)) is amended--
(1) by striking ''does not include (A) a bank'' and
inserting ''does not include--
''(A) a bank'';
(2) by striking ''(B) any lawyer'' and inserting the
following:
''(B) any lawyer'';
(3) by striking ''(C) any broker'' and inserting the
following:
''(C) any broker'';
(4) by striking ''(D) the publisher'' and inserting the
following:
''(D) the publisher'';
(5) by striking ''(E) any person'' and inserting the
following:
''(E) any person'';
(6) by striking ''or (F) such other'' and inserting the
following:
''(G) such other''; and
(7) by inserting after subparagraph (E) the following new
subparagraph:
''(F) any charitable organization, as defined in
section 3(c)(7) of the Investment Company Act of 1940,
or any trustee, director, officer, employee, or
volunteer of such a charitable organization acting
within the scope of the employment or duties of such
person, whose advice, analyses, or reports are provided
only to--
''(i) any such charitable organization;
''(ii) a fund that is exempt from the
Investment Company Act of 1940 under section
3(c)(7) of that Act, or the trustees or
administrators of such fund; or
''(iii) a trust or other donative
instrument, the assets of which may be
contributed to or invested in such fund in
accordance with section 3(c)(7) of the
Investment Company Act of 1940, or the
trustees, administrators, settlors (or
potential settlors), or beneficiaries of any
such trust or other instrument; or''.

SEC. 105. EFFECTIVE DATES AND APPLICABILITY.

This title and the amendments made by this title shall apply in all
administrative and judicial actions pending on or commenced after the
date of enactment of this Act, as a defense to any claim that any
person, security, interest, or participation of the type described in
this title and the amendments made by this title is subject to the
provisions of the Securities Act of 1933, the Securities Exchange Act
of 1934, the Investment Company Act of 1940, or the Investment Advisers
Act of 1940, except as otherwise specifically provided in those Acts.

SEC. 106. PREEMPTION OF STATE LAW.

(a) Registration Requirements.--A security issued by or any
interest or participation in any pooled income fund, collective trust
fund, collective investment fund, or similar fund that is exempt from
the Investment Company Act of 1940 under section 3(c)(7) of that Act,
and the offer or sale thereof, shall be exempt from any law of a State
that requires registration or qualification of securities.
(b) Treatment of Charitable Organizations.--No charitable
organization, or any trustee, director, officer, employee, or volunteer
of a charitable organization acting within the scope of such person's
employment or duties, shall be required to register as, or be subject
to regulation as, a dealer, broker, agent, or investment adviser under
the laws of any State solely because such organization or person buys,
holds, sells, or trades in securities for its own account in its
capacity as trustee or administrator of, or otherwise on behalf of or
for the account of--
(1) a charitable organization;
(2) a fund that is exempt from the Investment Company Act
of 1940 under section 3(c)(7) of that Act; or
(3) a trust or other donative instrument, the assets of
which may be contributed to or invested in such funds in
accordance with section 3(c)(7) of the Investment Company Act
of 1940, or the settlors (or potential settlors) or
beneficiaries of any such trusts or other instruments.
(c) State Action.--Notwithstanding subsections (a) and (b), during
the 3-year period beginning on the date of enactment of this Act, a
State may enact a statute that specifically refers to this section and
provides prospectively that this section shall not preempt the laws of
that State referred to in this section.
(d) Definitions.--For purposes of this section--
(1) the term ''charitable organization'' means an
organization described in paragraphs (1) through (5) of section
170(c) or section 501(c)(3) of the Internal Revenue Code of
1986;
(2) the term ''security'' has the same meaning as in
section 3 of the Securities Exchange Act of 1934; and
(3) the term ''State'' means each of the several States of
the United States, the District of Columbia, the Commonwealth
of Puerto Rico, the Virgin Islands, Guam, American Samoa, and
the Commonwealth of the Northern Mariana Islands.

TITLE II--CLARIFICATION OF ANTITRUST LAWS

SEC. 201. EXEMPTION FROM ANTITRUST LAWS.

(a) In General.--The activities of a charitable organization
relating to the issuance, maintenance, or investment of a charitable
gift annuity are exempt from the application of the antitrust laws.
(b) Definitions.--For purposes of this section--
(1) the term ''antitrust laws'' means--
(A) the Sherman Act (15 U.S.C. 1 et seq.);
(B) the Clayton Act (15 U.S.C. 12 et seq.);
(C) the Federal Trade Commission Act (15 U.S.C. 41
et seq.); and
(D) any State law that is similar to the Acts
referred to in subparagraphs (A) through (C).
(2) the term ''charitable organization'' means an
organization described in paragraphs (1) through (5) of section
170(c) or section 501(c)(3) of the Internal Revenue Code of
1986;
(3) the term ''charitable gift annuity'' means an annuity
issued by a charitable organization that is described in
section 501(m)(5) of the Internal Revenue Code of 1986; and
(4) the term ''State'' means each of the several States of
the United States, the District of Columbia, the Commonwealth
of Puerto Rico, the Virgin Islands, Guam, American Samoa, and
the Commonwealth of the Northern Mariana Islands.
(c) State Action.--Notwithstanding subsections (a) and (b), during
the 3-year period beginning on the date of enactment of this Act, a
State may enact a statute that specifically refers to this section and
provides prospectively that this section shall not preempt the laws of
that State referred to in this section.

SEC. 202. EFFECTIVE DATE AND APPLICABILITY.

The exemption provided for in section 201 shall apply in any
judicial or administrative action pending on or commenced after the
date of enactment of this Act and shall serve as a defense to any claim
that the sale or issuance of a charitable gift annuity is subject to
any provision of antitrust laws.
TABLE OF CONTENTS:
Title I: Amendments to the Securities Laws
Title II: Clarification of Antitrust Laws
Charitable Giving Protection Act of 1995 -
Title I: Amendments to the Securities Laws
- Exempts from the jurisdiction of the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Advisers Act of 1940 any security issued by or any interest or participation in any pooled income fund, collective trust fund, collective investment fund, or similar fund deemed not to be an investment company under the Investment Company Act of 1940 (charitable gift annuities).
Preempts State law to extend the charitable gift annuities exemption from its jurisdiction over: (1) securities registration or qualification requirements; and (2) any charitable organization regulation.
Permits a State to enact a statute that specifically refers to this Act and provides prospectively that it does not preempt its laws.
Title II: Clarification of Antitrust Laws
- Exempts charitable gift annuities from application of the antitrust laws.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Route 66 Centennial Commission
Act''.

SEC. 2. FINDINGS.

Congress makes the following findings:
(1) Route 66 was the Nation's first all-paved highway under
the U.S. Highway System connecting the Midwest to California
and has played a major role in the history of the United
States.
(2) Route 66 was the symbol of opportunity to hundreds of
thousands of people seeking escape from the Dust Bowl in the
1930s, serving as a ''road to opportunity'' in the West and
providing employment during the Great Depression, as thousands
were put to work on road crews to pave the road.
(3) Route 66 was invaluable in transporting troops,
equipment, and supplies across the country to the West, where
the government established multiple industries and armed force
bases during World War II. Upon the conclusion of the war in
1945, Route 66 was a key route taken by thousands of troops as
they returned home.
(4) Route 66 symbolized the Nation's positive outlook
during the postwar economic recovery in the 1950s and 1960s,
serving as an icon of free-spirited independence and linking
people across the United States. During this period, the
tourist industry along Route 66 grew tremendously, giving rise
to countless tourist courts, motels, service stations, garages,
and diners.
(5) Since June 27, 1985, when Route 66 was decommissioned
as a Federal highway, the popularity and mythical stature of
Route 66 has grown domestically and internationally, as the
road has experienced a rebirth of interest and support.
(6) The year 2026 will be the centennial anniversary of
Route 66, and a commission should be established to study and
recommend to Congress activities that are fitting and proper to
celebrate that anniversary in a manner that appropriately
honors America's Mother Road.

SEC. 3. ESTABLISHMENT.

There is established a commission to be known as the Route 66
Centennial Commission (referred to in this Act as the ''Commission'').

SEC. 4. DUTIES.

The Commission shall have the following duties:
(1) To study activities that may be carried out by the
Federal Government to determine whether the activities are
fitting and proper to honor Route 66 on the occasion of its
centennial anniversary, including any of the activities
described under section 8(b)(2)(B).
(2) To recommend to Congress the activities the Commission
considers most fitting and proper to honor Route 66 on such
occasion, to be carried out by the Department of Transportation
and any other entity or entities within the Federal Government
that the Commission considers most appropriate to carry out
such activities.
(3) To plan and host, in cooperation with such partners, a
conference on the U.S. Numbered Highway System, and assist in
the activities of such a conference.

SEC. 5. MEMBERSHIP.

(a) Number and Appointment.--The Commission shall be composed of 19
members appointed as follows:
(1) Three members, each of whom shall be a qualified
citizen described in subsection (b), appointed by the
President.
(2) Two members, each of whom shall be a qualified citizen
described in subsection (b), appointed by the President on the
recommendation of the Secretary of Transportation.
(3) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of Illinois.
(4) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of Missouri.
(5) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of Kansas.
(6) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of Oklahoma.
(7) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of Texas.
(8) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of New Mexico.
(9) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of Arizona.
(10) One member, who shall be a qualified citizen described
in subsection (b), appointed by the President on the
recommendation of the Governor of California.
(11) Three members, each of whom shall be a qualified
citizen described in subsection (b), appointed by the President
on the recommendation of the Speaker of the House of
Representatives, in consultation with the minority leader of
the House of Representatives.
(12) Three members, each of whom shall be a qualified
citizen described in subsection (b), appointed by the President
on the recommendation of the majority leader of the Senate, in
consultation with the minority leader of the Senate.
(b) Qualified Citizen.--A qualified citizen described in this
subsection is a private citizen of the United States with--
(1) a demonstrated dedication to educating others about the
importance of historical figures and events; and
(2) substantial knowledge and appreciation of Route 66.
(c) Time of Appointment.--Each initial appointment of a member of
the Commission shall be made before the expiration of the 120-day
period beginning on the date of the enactment of this Act.
(d) Continuation of Membership.--If a member of the Commission was
appointed to the Commission as a Member of Congress, and ceases to be a
Member of Congress, that member may continue to serve on the Commission
for not longer than the 30-day period beginning on the date that member
ceases to be a Member of Congress.
(e) Terms.--Each member shall be appointed for the life of the
Commission.
(f) Vacancies.--A vacancy in the Commission shall not affect the
powers of the Commission but shall be filled in the manner in which the
original appointment was made.
(g) Basic Pay.--Members shall serve on the Commission without pay.
(h) Travel Expenses.--Each member shall receive travel expenses,
including per diem in lieu of subsistence, in accordance with sections
5702 and 5703 of title 5, United States Code.
(i) Quorum.--Seven members of the Commission shall constitute a
quorum but a lesser number may hold hearings.
(j) Chair.--The President, in consultation with the Secretary of
Transportation, shall designate one member of the Commission as Chair.
(k) Meetings.--The Commission shall meet at the call of the Chair.

SEC. 6. DIRECTOR AND STAFF.

(a) Director.--The Commission may appoint and fix the pay of a
Director and such additional personnel as the Commission considers to
be appropriate.
(b) Applicability of Certain Civil Service Laws.--
(1) Director.--The Director of the Commission may be
appointed without regard to the provisions of title 5, United
States Code, governing appointments in the competitive service,
and may be paid without regard to the provisions of chapter 51
and subchapter III of chapter 53 of that title relating to
classification and General Schedule pay rates.
(2) Staff.--The staff of the Commission shall be appointed
subject to the provisions of title 5, United States Code,
governing appointments in the competitive service, and shall be
paid in accordance with the provisions of chapter 51 and
subchapter III of chapter 53 of that title relating to
classification and General Schedule pay rates.

SEC. 7. POWERS.

(a) Hearings and Sessions.--The Commission may, for the purpose of
carrying out this Act, hold such hearings, sit and act at such times
and places, take such testimony, and receive such evidence as the
Commission considers to be appropriate.
(b) Powers of Members and Agents.--Any member or agent of the
Commission may, if authorized by the Commission, take any action that
the Commission is authorized to take by this Act.
(c) Obtaining Official Data.--The Commission may secure directly
from any department or agency of the United States information
necessary to enable the Commission to carry out this Act. Upon request
of the Chair of the Commission, the head of that department or agency
shall furnish that information to the Commission.
(d) Mails.--The Commission may use the United States mails in the
same manner and under the same conditions as other departments and
agencies of the United States.
(e) Administrative Support Services.--Upon the request of the
Commission, the Administrator of General Services shall provide to the
Commission, on a reimbursable basis, the administrative support
services necessary for the Commission to carry out its responsibilities
under this Act.

SEC. 8. REPORTS.

(a) Interim Reports.--The Commission may submit to Congress such
interim reports as the Commission considers to be appropriate.
(b) Comprehensive Report.--
(1) In general.--Not later than 5 years after the date of
enactment of this Act, the Commission shall submit to the
President and Congress a report incorporating specific
recommendations for the commemoration of the centennial of
Route 66 and related events.
(2) Contents of report.--The report under paragraph (1)--
(A) shall include recommendations for the
allocation of financial and administrative
responsibility among the public and private authorities
and organizations recommended for participation by the
Commission; and
(B) may recommend activities such as--
(i) the production, publication, and
distribution of books, pamphlets, films,
electronic publications, and other educational
materials focusing on the history and impact of
Route 66 on the United States and the world;
(ii) bibliographical and documentary
projects, publications, and electronic
resources;
(iii) conferences, convocations, lectures,
seminars, and other programs;
(iv) the development of programs by and for
libraries, museums, parks, and historic sites,
including national traveling exhibitions;
(v) ceremonies and celebrations
commemorating specific events;
(vi) the production, distribution, and
performance of artistic works, and of programs
and activities, focusing on the national and
international significance of Route 66; and
(vii) the issuance of commemorative coins,
medals, certificates of recognition, and
postage stamps.
(c) Final Report.--The Commission shall submit to the President and
Congress a final report not later than 90 days before the termination
of the Commission provided in section 10.

SEC. 9. PLAN ON PRESERVATION NEEDS OF ROUTE 66.

(a) In General.--The Secretary of Transportation, in consultation
with the Governors referred to in section 5(a), shall prepare a plan on
the preservation needs of Route 66.
(b) Report to Congress.--Not later than 3 years after the date of
enactment of this Act, the Secretary shall submit to the Committee on
Transportation and Infrastructure of the House of Representatives, the
Committee on Environment and Public Works of the Senate, and the
President a report containing the plan prepared under subsection (a).

SEC. 10. TERMINATION.

The Commission shall terminate not later than June 30, 2027.

SEC. 11. CLARIFICATION REGARDING FUNDING.

No additional funds are authorized to carry out the requirements of
this Act. Such requirements may be carried out using amounts otherwise
authorized or made available for the Department of Transportation,
except for amounts authorized from the Highway Trust Fund.

Passed the House of Representatives July 16, 2018.

Attest:

KAREN L. HAAS,

Clerk.
Route 66 Centennial Commission Act (Sec. 3) This bill establishes the Route 66 Centennial Commission to honor highway Route 66 on the occasion of its centennial anniversary. (Sec. 4) The bill sets forth the duties of the commission, its membership, powers, and reporting requirements. (Sec. 9) The Department of Transportation shall prepare a plan on the preservation needs of Route 66. (Sec. 10) The commission shall terminate not later than June 30, 2027.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''National Monument Designation
Transparency Act''.

SEC. 2. LIMITATION ON DESIGNATION OF NATIONAL MONUMENTS.

Section 320301 of title 54, United States Code, is amended--
(1) in subsection (a), by striking ''The President may''
and inserting ''Subject to the requirements of this section,
the President may'';
(2) in subsection (b), by striking ''compatible with'' and
inserting ''essential to ensure''; and
(3) by adding at the end the following:
''(e) National Monument Designation Procedures.--
''(1) Precondition to proclamation.--The President may not
issue a proclamation under subsection (a) before the last day
of the 30-day period beginning on the date on which the
President provides the language of the proposed proclamation to
Congress and to the Governor of each State, the chief elected
official of each unit of local government, and the governing
entity of each tribal government with jurisdiction over parcels
of land located within the boundaries of the proposed national
monument.
''(2) Public participation.--
''(A) Public hearing requirement.--
''(i) In general.--Subject to clause (iv),
not later than 90 days after the date on which
the President issues a proclamation under
subsection (a), the Secretary of the Interior
shall hold not fewer than one public hearing
within a county (or comparable unit of local
government) located wholly or in part within
the boundaries of the national monument. The
Secretary shall ensure that all interested
individuals are afforded an opportunity to
participate in a hearing held under this
subparagraph.
''(ii) Comments.--The Secretary of the
Interior shall solicit comments from the public
at a hearing held under clause (i), and shall
enter all comments received at or related to
such hearing into the record of the hearing.
''(iii) Availability of record.--The
Secretary of the Interior shall promptly make
the record of a hearing held under clause (i),
including a transcript of the hearing,
available to the public on the Internet or by
other electronic means. The Secretary shall
ensure that any components of the record that
are completed before the entire record is
finalized are made available upon their
completion.
''(iv) Waiver.--The Secretary of the
Interior may decline to hold a public hearing
under clause (i) if each unit of local and
tribal government located wholly or in part
within the boundaries of the national monument
expressly waives the right to such hearing.
''(B) Notice and comment period requirement.--Not
later than 30 days after the date on which the
President issues a proclamation under subsection (a),
the Secretary of the Interior shall initiate a notice
and comment period to receive comments from the public
regarding the proclamation.
''(C) Report.--
''(i) Contents.--Not later than one year
after issuing a proclamation under subsection
(a), the President shall submit to Congress a
report containing the following:
''(I) An analysis of the economic
impact of the designation on the
communities within the boundaries of
the monument, including an estimate of
the tax revenues that will be lost to,
or gained for, the Federal, State, and
local governments as a result of the
designation.
''(II) An analysis of the impact
the designation will have on the
Nation's energy security, including the
effects of the loss of sites to produce
wind, geothermal, or solar energy, and
the number of barrels of oil, tons of
coal, or cubic feet of natural gas that
will become unavailable as a result of
the proclamation.
''(III) The projected impact of the
designation on interests, rights, and
uses associated with the parcels of
land within the boundaries of the
monument, including water rights,
hunting, recreational shooting,
grazing, timber production, vegetation
manipulation to maintain forest health,
off-road vehicle use, hiking, horseback
riding, and mineral and energy leases,
claims, and permits.
''(IV) The record of any hearings
held under subparagraph (A).
''(V) Any written comments received
during the notice and comment period
conducted under subparagraph (B).
''(ii) Publication.--The President shall
ensure that a report submitted to Congress
under clause (i) is published on the White
House Internet website upon completion. The
President shall further ensure that any
components of the report that are completed
before the entire report is finalized and
submitted to Congress are published on the
White House Internet website upon their
completion.
''(D) Implementation guidelines.--The Secretary of
the Interior, in cooperation with the States, shall
develop and publish guidelines to provide for the
implementation of this paragraph.
''(3) Congressional approval of proclamation.--
''(A) Approval required.--A proclamation issued
under subsection (a) shall cease to be effective
following the last day of the 2-year period beginning
on the date on which the President issued the
proclamation, unless the proclamation is approved by an
Act of Congress on or before that last day.
''(B) Management of land before approval.--During
the period between the issuance of a proclamation under
subsection (a) and the approval of the proclamation
under subparagraph (A), the President shall ensure that
any restriction placed on land and interests, rights,
or uses associated with the parcels of land designated
as a national monument, including water rights,
hunting, recreational shooting, grazing, timber
production, vegetation manipulation to maintain forest
health, off-road vehicle use, hiking, horseback riding,
and mineral and energy leases, claims, and permits, is
narrowly tailored and essential to the proper care and
management of the objects to be protected.
''(C) Effect of nonapproval.--If Congress does not
approve a proclamation to designate a national monument
under subparagraph (A), any reservation of land made by
such proclamation, and any restriction imposed as a
result of such proclamation on interests, rights, or
uses associated with the parcels of land, shall cease
to be effective following the last day of the 2-year
period referred to in subparagraph (A).
''(D) Prohibition on repeat proclamations.--The
President may not issue a proclamation that is
substantially similar to a proclamation previously
issued under subsection (a) that Congress has not
approved under subparagraph (A).
''(f) Limitation on Restrictions.--The President shall ensure that
any restriction placed on land and interests, rights, or uses
associated with the parcels of land designated as a national monument
by a proclamation issued under this section is narrowly tailored and
essential to the proper care and management of the objects to be
protected.''.
National Monument Designation Transparency Act Requires land reserved as part of a national monument to be confined to the smallest area essential to ensure the proper care and management of the objects of historic or scientific interest protected by the monument. Sets forth additional procedures for the designation of national monuments.