In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Input: Consider Input: SECTION 1. ENERGY ASSISTANCE FUND.

(a) Definitions.--In this section:
(1) Fund.--The term ''Fund'' means the Energy Assistance
Fund established by subsection (b).
(2) Secretary concerned.--The term ''Secretary concerned''
means, with respect to programs carried out by each Secretary--
(A) the Secretary of Agriculture;
(B) the Secretary of Energy;
(C) the Secretary of Housing and Urban Development;
(D) the Secretary of Transportation; and
(E) the Administrator of the Small Business
Administration.
(b) Establishment.--There is established in the Treasury of the
United States a revolving fund, to be known as the ''Energy Assistance
Fund'', consisting of such amounts as are appropriated to the Fund
under subsection (h)(1).
(c) Expenditures From Fund.--
(1) In general.--Subject to paragraph (2), on request by
the Secretary concerned, the Secretary of the Treasury shall
transfer from the Fund to the Secretary concerned such amounts
as the Secretary concerned determines are necessary to provide
to carry out 1 or more qualified purposes described in
subsections (d), (e), and (f).
(2) Administrative expenses.--An amount not exceeding 10
percent of the amounts in the Fund shall be available for each
fiscal year to pay the administrative expenses necessary to
carry out this section.
(d) Low-Interest Loan Guarantees for Purchase and Installation of
Qualifying Energy Efficient Property.--
(1) In general.--To the extent that the Secretary concerned
has authority under other law to make or guarantee loans or
grants to persons to purchase and install qualifying property,
the Secretary concerned may guarantee loans made to eligible
United States persons for the purchase and installation of
qualifying property.
(2) Qualifying property.--For the purpose of paragraph (1),
qualifying property means--
(A) any component which constitutes a qualified
energy efficiency improvement (as defined in section
25C(c) of the Internal Revenue Code of 1986);
(B) property to heat water for use in a dwelling
unit located in the United States and used a residence
by the person if at least half of the energy used by
such property for such purpose is derived from the sun;
(C) property which uses solar energy to generate
electricity for use in a dwelling unit located in the
United States and used by the person (in the case of an
individual) as a residence;
(D) qualified fuel cell property (as defined in
section 48(c)(1) of that Code) installed on or in
connection with a dwelling unit located in the United
States and used as a principal residence (within the
meaning of section 121 of that Code) by the person (in
the case of an individual); or
(E) a compliant stove (as defined in section
25E(c)(2) of that Code) which--
(i) is installed in a dwelling unit located
in the United States; and
(ii) replaces a noncompliant stove (as
defined in section 25E(c)(3) of that Code) used
in such dwelling unit.
(3) Eligibility.--To be eligible to receive a loan
guarantee under this subsection, a person that is an individual
shall have a household income of not to exceed 115 percent of
the national median household income, as determined by the
Secretary concerned.
(4) Use of loan.--The recipient of a loan guaranteed under
this subsection may use the loan only to fund improvements to
property owned by, and for the benefit of, the recipient.
(5) Amount.--The amount of a loan made to a person that is
guaranteed under this subsection shall equal the lesser of--
(A) 90 percent of the difference between--
(i) the cost incurred by the person for the
purchase and installation of the qualifying
property, as approved by the Secretary; and
(ii) the amount of any credit allowable to
the person with respect to such property under
section 25C, 25D, or 25E, of the Internal
Revenue Code of 1986; or
(B) $30,000.
(6) Term of loans.--A loan guaranteed under this subsection
shall have a term of not to exceed 15 years.
(e) Low-Interest Loan Guarantees for Purchase and Installation of
Idling Reduction and Advanced Insulation for Heavy Trucks.--
(1) In general.--To the extent that the Secretary concerned
has authority under other law to make or guarantee loans or
grants to persons to purchase and install idling reduction
devices described in section 4053(9) of the Internal Revenue
Code of 1986 or advanced insulation described in section
4053(10) of such Code, the Secretary concerned may guarantee
loans made to United States persons for the purchase and
installation of such idling reduction devices and advanced
insulation.
(2) Use of loan.--The recipient of a loan guaranteed under
this subsection may use the loan only to fund improvements to
property owned by, and for the benefit of, the recipient.
(3) Amount.--
(A) In general.--The amount of a loan made to a
person that is guaranteed under this subsection shall
equal 90 percent of the difference between--
(i) the cost incurred by the person for the
purchase and installation of the idling
reduction devices and advanced insulation
described in subsection (a), as approved by the
Secretary concerned; and
(ii) 12 percent of the amount for which the
idling reduction devices or advanced insulation
was sold.
(B) Special rules.--In the case of any property
described in paragraphs (2), (3), or (4) of section
4051(a) of the Internal Revenue Code of 1986, the
amount determined under subparagraph (A) shall be zero.
(C) Determination of price.--Rules similar to the
rules of section 4052(b) of the Internal Revenue Code
of 1986 shall apply for purposes of subparagraph (B).
(4) Loan terms.--The Secretary concerned shall establish
terms for loans guaranteed under this subsection, as determined
by the Secretary concerned.
(f) Low-Interest Loan Guarantees for Purchase and Installation of
Alternative Refueling Stations.--
(1) In general.--To the extent that the Secretary concerned
has authority under other law to make or guarantee loans or
grants to persons for the purchase and installation of any
qualified alternative fuel vehicle refueling property (as
defined in section 30C(c) of the Internal Revenue Code of
1986), the Secretary concerned may guarantee loans made to
United States persons for the purchase and installation of any
such qualified alternative fuel vehicle refueling property
placed in service by the person during a taxable year.
(2) Use of loan.--The recipient of a loan guaranteed under
this subsection may use the loan only to fund improvements to
property owned by, and for the benefit of, the recipient.
(3) Amount.--The amount of a loan made to a person that is
guaranteed under this subsection shall equal 90 percent of the
difference between--
(A) the cost incurred by the person for the
purchase and installation of the qualified alternative
fuel vehicle refueling property described in paragraph
(1), as approved by the Secretary concerned; and
(B) the amount of any credit allowable to the
person under section 30C of the Internal Revenue Code
of 1986.
(4) Loan terms.--The Secretary concerned shall establish
terms for loans guaranteed under this subsection, as determined
by the Secretary concerned.
(g) Transfers of Amounts.--
(1) In general.--The amounts required to be transferred to
the Fund under this section shall be transferred at least
monthly from the general fund of the Treasury to the Fund on
the basis of estimates made by the Secretary of the Treasury.
(2) Adjustments.--Proper adjustment shall be made in
amounts subsequently transferred to the extent prior estimates
were in excess of or less than the amounts required to be
transferred.
(h) Funding.--
(1) Mandatory funding.--
(A) In general.--Notwithstanding any other
provision of law, on October 1, 2009, out of any funds
in the Treasury not otherwise appropriated, the
Secretary of the Treasury shall transfer to the Fund
for the cost of loans to carry out the purposes of the
Fund $1,000,000,000, to remain available until
expended.
(B) Receipt and acceptance.--The Fund shall be
entitled to receive, shall accept, and shall use to
carry out the purposes of the Fund the funds
transferred under subparagraph (A), without further
appropriation.
(2) Authorization of appropriations.--
(A) In general.--In addition to the amount made
available under paragraph (1), there are authorized to
be appropriated to the Fund such sums as are necessary
to carry out the purposes of the Fund.
(B) Additional funding.--To the extent that a
Secretary described in subsection (a) has authority
under other law to make or guarantee loans or grants
described in subsection (d)(1), (e)(1), or (f)(1), in
addition to any other funds made available to carry out
that authority under any other provision of law, there
are authorized to be appropriated to the Secretary such
sums as are necessary for the Secretary to provide
additional loans, loan guarantees, or grants under that
authority.

Output: Establishes in the Treasury the Energy Assistance Fund.

Directs the Secretary of the Treasury, upon request of the Secretary concerned, to transfer amounts from the Fund to that Secretary to make or guarantee low-interest loans or grants to U.S. persons to purchase and install: (1) qualifying energy efficient property in their principal dwelling (i.e., solar powered property to heat water or generate electricity, fuel cells, or compliant stoves); (2) idling reduction devices or advanced insulation in heavy trucks; and (3) qualified alternative fuel vehicle refueling property at a station.

Input: Consider Input: SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

(a) Short Title.--This Act may be cited as the ''California Forest
Ecosystems Health Act''.
(b) Table of Contents.--The table of contents for this Act is as
follows:

Sec. 1. Short title and table of contents.
Sec. 2. Findings.
Sec. 3. Definitions.
Sec. 4. Ecosystem management plans for National Forest System lands in
California.
Sec. 5. Process for full implementation of ecosystem management plans.
Sec. 6. Research and monitoring program.
Sec. 7. Miscellaneous requirements.

SEC. 2. FINDINGS.

The Congress finds the following:
(1) Although people have had an active part in the
development and maintenance of forest structure and the
condition of the National Forest System lands in the State of
California for many years, recent forest management policies
have often resulted in a degeneration of the forest structure
and a loss of forest health and vigor.
(2) The Forest Service, through the judicious use of
ecosystem management, has an opportunity to reverse these
forest management policies and restore the health and vigor of
National Forest System lands in California.
(3) Ecosystems are dynamic and in a state of constant
change, and it is not possible to preserve a given ecosystem
condition in a static state over a period of time.
(4) The many and varied resources and uses of National
Forest System lands provide both tangible and intangible
benefits to the people of the United States.
(5) Although management of National Forest System lands in
California has traditionally placed first priority on the need
to produce maximum volumes of timber, the other multiple forest
resources and services are equally important to the people of
California and the United States.
(6) Ecosystem management must balance the needs of outdoor
recreation, range, timber, watershed, fish, and wildlife, as
required by the Multiple-Use Sustained-Yield Act of 1960 (16
U.S.C. 528 et seq.), as well as protect soil and air quality
and provide for forest research.
(7) National Forest System lands in California include some
of the most unique forest ecosystems in the world, including
giant sequoias, coastal redwoods, and bristlecone pines.
(8) Destructive forest fires classified by the Forest
Service as ''intense'' have occurred in unprecedented numbers
and size on the National Forest System lands in California in
recent years, and these fires pose a threat to the very health
of the forests and present a danger to human life and property.
(9) The Forest Service, through the judicious use of
ecosystem management, has an opportunity to reduce the
likelihood that fires classified as ''intense'' will occur with
such frequency and, at the same time, to improve forest vigor
and visitor safety.
(10) Ecosystem management that considers the needs of all
species and their ability to interact with the presence of
humans can integrate both the conservation needs of the many
species of the ecosystems and the multiple use activities of
humans.
(11) Identification of sound management options is both a
biological issue and a social issue, and the resulting
management policies must be socially acceptable, ecologically
sustainable, scientifically sound, legally responsible, and
economically viable.
(12) The results of management practices in local
ecosystems can have a profound effect on the levels of demand
for commodity outputs from other ecosystems around the world.

SEC. 3. DEFINITIONS.

For purposes of this Act:
(1) Adaptive management.--The term ''adaptive management''
means the experimental and monitored application of
scientifically derived management decisions to gain knowledge
that is then used to improve subsequent management decisions.
(2) Ecosystem.--The term ''ecosystem'' means a community of
organisms and its environment that functions as a unit.
(3) Ecosystem management.--The term ''ecosystem
management'' means the integration of ecological, economic, and
social factors to meet the biological needs of all associated
organisms and human needs through diverse, healthy, and
productive ecosystems, addressing resource supply,
conservation, and demand as opposed to a strategy for managing
individual species.
(4) Ecosystem management plans.--The terms ''ecosystem
management plans'' and ''plans'' mean the ecosystem management
plans for National Forest System lands in the State of
California required to be developed by section 4(a).
(5) National forest system.--The term ''National Forest
System'' has the meaning given that term in section 11(a) of
the Forest and Rangeland Renewable Resources Planning Act of
1974 (16 U.S.C. 1609(a)).
(6) Seral stages.--The term ''seral stages'' means the
various age or life stages of a vegetative community as it
progresses from initial establishment toward a climax stage or
equilibrium.
(7) Secretary.--The term ''Secretary'' means the Secretary
of Agriculture.
(8) Stand.--The term ''stand'' means an area within a
forest where the trees have similar characteristics with
respect to species composition, size, condition, and age.
(9) Vigor.--The term ''vigor'', with respect to forest
ecosystems, means the relative health of stands of trees and
related vegetation, including their actual growth rates as
compared with potential growth rates and their ability to
protect themselves naturally from forest pests, diseases, and
the effects of natural disaster.

SEC. 4. ECOSYSTEM MANAGEMENT PLANS FOR NATIONAL FOREST SYSTEM LANDS IN
CALIFORNIA.

(a) Plans Required.--Notwithstanding the planning provisions of
section 6 of the Forest and Rangeland Renewable Resources Planning Act
of 1974 (16 U.S.C. 1604), the Secretary of Agriculture shall develop
and implement ecosystem management plans pursuant to this Act to
develop and demonstrate ecosystem management, including adaptive
management techniques, for National Forest System lands described in
subsection (b).
(b) Federal Lands Covered by Plans.--The ecosystem management plans
required by subsection (a) shall apply to all management units of the
National Forest System located in the State of California. In the case
of National Forest System lands in California that have been designated
by law for special management before the date of the enactment of this
Act, the Secretary shall incorporate into the ecosystem management
plans applicable to those lands any statutory provisions that are in
effect on such date and applicable to those lands.
(c) Principles of Plans.--Ecosystem management plans shall embody
the following principles:
(1) Application of management techniques that will enhance
the health and vigor of the renewable natural resources on the
National Forest System lands covered by the plans and provide
for the continued protection of the soil, air, and water
resources of these lands.
(2) Improvement of the forest ecosystems on these lands
toward desired forest conditions that--
(A) provide a mosaic of forest seral stages--
(i) representing a range of wildlife
habitats necessary to meet the needs of the
species indigenous to the ecosystem being
managed; and
(ii) designed in such a way as to obviate
the need for corridors or special management
areas to meet the needs of given species or
situations;
(B) minimize the danger of stand-destroying
uncontrolled wildfire;
(C) increase or maintain the health and vigor of
stands at a level that will permit the stands to resist
naturally, to the greatest degree practicable, insect
and disease attacks and the effects of other natural
disasters while incorporating the concern that some
level of dead-wood, both standing and down, is
desirable in healthy ecosystems;
(D) maintain the sustainable economic well-being
and stability of communities in areas dependent upon
national forest resources; and
(E) are developed, to the extent possible, with
consideration of the conditions that are known to have
existed on these lands or on similar lands before the
impacts of European settlement.
(3) Concentration of management activities on the condition
of the renewable resources of an ecosystem rather than on
producing targeted outputs, with projected outputs based upon
attainment of specific stand conditions.
(4) Emphasis on tangible management results rather than on
procedural standards and guidelines, but with development of
scientifically credible monitoring standards and guidelines to
assess both short- and long-term management results.
(5) Except for any statutory provisions incorporated under
subsection (b) with respect to specific lands, prohibition on
requiring the allocation or categorization of tracts of land
for specific preselected ecosystem management emphases.
(6) Consideration of the habitat needs of all species
across a broad landscape using management indicator species
whose presence will reflect a suitable amount and distribution
of particular habitat elements, rather than concentrating on
the needs of single species in a limited area.
(7) Application across the entire unreserved land base in
such a manner as to harmonize the various multiple uses.
(8) Incorporation of maximum flexibility in resource
decisionmaking through the use of adaptive management.
(d) Management to Promote Desired Forest Conditions.--
(1) In general.--Ecosystem management under the ecosystem
management plans shall be planned and practiced in a manner
that--
(A) considers the entire landscape in a management
unit of the National Forest System covered by a plan;
and
(B) benefits, to the extent practicable, all
renewable resources and the human resource in or
dependent upon the management unit.
(2) Individual projects.--Individual management projects in
a management unit of the National Forest System covered by the
ecosystem management plans shall be designed to provide
multiresource benefits, promote the desired forest conditions
described in subsection (c)(2), and achieve maximum project
operating efficiency.
(e) Selection of Acres for Ecosystem Management Activities.--
(1) Minimum acres.--Ecosystem management plans shall
specify the minimum number of acres on which ecosystem
management activities will be applied annually in any
management unit of the National Forest System covered by the
plans. Such acreage shall be determined on the basis of the
total number of acres in the management unit, the work to be
performed across the unit as a whole during the plan period,
and the pro rata annual acreage on which ecosystem management
activities must be applied in order to establish and maintain
the desired forest condition during the specified plan period.
(2) Effect of natural disasters.--In case of natural
disasters, such as wildfire, flood, windthrow, insect or
disease attack, a revision of the schedule of acres to be
treated may be granted by the Secretary in order to conduct
restoration and rehabilitation activities on the acres affected
by the natural disaster.
(f) Participation in Development.--To ensure that the ecosystem
management plans are economically, scientifically, and socially
acceptable, the Secretary shall develop the plans through the use of
public involvement programs that emphasize input from residents of
local communities to be affected by the plans. The Secretary shall
continue to consult with all interested persons in evaluating or
modifying the plans.

SEC. 5. PROCESS FOR FULL IMPLEMENTATION OF ECOSYSTEM MANAGEMENT PLANS.

(a) Implementation.--Beginning not later than January 1, 1995, the
Secretary shall begin to implement the ecosystem management plans. The
Secretary shall develop and implement the plans progressively over a
five-year period to ensure full application of all plans not later than
January 1, 2000, to all National Forest System lands described in
section 4(b). Upon implementation of an ecosystem management plan for
any portion of the lands described in such section, the plan shall
replace and supersede any land and resource management plan (or portion
of such a plan) then in effect for such lands.
(b) Yearly Expansion.--During each year of the period specified in
subsection (a), the Secretary shall expand application of the ecosystem
management plans to contiguous areas required to be covered by such
plans, as described in section 4(b). To the extent the Secretary
considers it to be necessary, the Secretary may modify the ecosystem
management plans for each new addition in order to incorporate the
lessons gained from experience. Adaptive management shall be used to
evaluate management decisions and to develop new information to be used
to keep the plans and subsequent management decisions up-to-date.
(c) Modification of Ecosystem Management Plans.--The Secretary
shall modify the ecosystem management plans to incorporate findings
from research, adaptive management projects, or monitoring to the
extent such findings indicate changes in the plans are necessary or
appropriate to achieve the principles described in section 4(c). Before
the end of the first two years of the period specified in subsection
(a), the Secretary shall issue regulations that set forth the process
to be used for any modification of the ecosystem management plans.
(d) Consistency.--Resource plans and permits and other instruments
for the use and occupancy of National Forest System lands covered by an
ecosystem management plan that are executed subsequent to the
implementation date of the plan with respect to such lands shall be
consistent with the plan. If the ecosystem management plan is modified,
resource plans and permits and other instruments that are executed
subsequent to the date of the modification shall be consistent with the
modified plan. Appropriate supplemental documents under the National
Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) shall be
prepared for those resource plans and permits, contracts, and other
instruments in existence upon adoption of the ecosystem management plan
or any modification of the plan. Any revisions in existing resource
plans and permits, contracts, and other instruments shall be consistent
with the supplemental document findings and subject to the agreement of
all contractual parties. Any revision in present or future permits,
contracts, and other instruments made pursuant to this subsection shall
be subject to valid existing rights.

SEC. 6. RESEARCH AND MONITORING PROGRAM.

The Secretary shall describe in detail in the ecosystem management
plans and implement as part of the plans a targeted program of research
and monitoring aimed at measuring the effects of the management regimes
adopted under the plans. The Secretary shall ensure that monitoring is
sufficient to measure the responses of the various resources to
management practices and to provide a basis for adjustments of
subsequent management decisions.

SEC. 7. MISCELLANEOUS REQUIREMENTS.

(a) Increased Use of Certified Professional Practitioners.--With
respect to National Forest System lands covered by the ecosystem
management plans, the Secretary shall endeavor to increase the amount
of field work to be done by professional practitioners certified by the
Forest Service.
(b) Accountability Procedures.--The Secretary shall develop
accountability procedures to annually measure and inform the Congress
concerning the work (as described in section 4(e)) achieved through the
use of funds appropriated each year for National Forest System lands
covered by the ecosystem management plans. The selection of acres upon
which such work will be performed shall be controlled through the
planning process. The accountability procedures required by this
subsection shall be established and in operation before the end of the
first two years of the period specified in section 5(a) and shall be
designed to ensure the accomplishment of the work in accordance with
plan direction.
(c) Budgetary Considerations.--The Secretary shall develop budgets
for each management unit of the National Forest System covered by
ecosystem management plans on the basis of estimated benefits to the
various resources affected by the ecosystem management activities, and
such budgets will be justified on such basis. The Secretary shall
provide the managers of these units the flexibility to accomplish over-
all objectives within over-all budgets in lieu of requiring and
preparing detailed line-item budgets for each unit of work, except that
accountability procedures developed under subsection (b) shall include
requirements for detailed explanations of expenditures and estimates of
benefits for each resource.

Output: California Forest Ecosystems Health Act - Directs the Secretary of Agriculture to develop and implement ecosystem management plans for National Forest System lands in California.

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Federal Fuels Tax Suspension Act of
2000''.

SEC. 2. TEMPORARY REDUCTION IN FUEL TAXES ON GASOLINE, DIESEL FUEL,
KEROSENE, AND SPECIAL FUELS TO ZERO.

(a) In General.--Section 4081 of the Internal Revenue Code of 1986
(relating to imposition of tax on gasoline, diesel fuel, and kerosene)
is amended by adding at the end the following new subsection:
''(f) Temporary Reduction in Taxes on Gasoline, Diesel Fuel,
Kerosene, and Special Fuels.--
''(1) In general.--During the applicable period, each rate
of tax referred to in paragraph (2) shall be reduced to zero.
''(2) Rates of tax.--The rates of tax referred to in this
paragraph are the rates of tax otherwise applicable under--
''(A) clauses (i) and (iii) of subsection (a)(2)(A)
(relating to gasoline, diesel fuel, and kerosene), and
''(B) paragraphs (1), (2), and (3) of section
4041(a) (relating to diesel fuel and special fuels) and
section 4041(m) (relating to certain alcohol fuels)
with respect to fuel sold for use or used in a highway
vehicle.
''(3) Special reduction rules.--In the case of a reduction
under paragraph (1)--
''(A) subsection (c) shall be applied without
regard to paragraph (6) thereof,
''(B) section 40(e)(1) shall be applied without
regard to subparagraph (B) thereof,
''(C) section 4041(d)(1) shall be applied by
disregarding 'if tax is imposed by subsection (a)(1) or
(2) on such sale or use', and
''(D) section 6427(b) shall be applied without
regard to paragraph (2) thereof.
''(4) Protecting social security trust fund.--If the
Secretary, after consultation with the Director of the Office
of Management and Budget, determines that such reduction would
result in an aggregate reduction in revenues to the Treasury
exceeding the Federal on-budget surplus during the remainder of
the applicable period, the Secretary shall modify such
reduction such that each rate of tax referred to in paragraph
(2) is reduced in a pro rata manner and such aggregate
reduction does not exceed such surplus.
''(5) Maintenance of trust fund deposits.--In determining
the amounts to be appropriated to the Highway Trust Fund under
section 9503 an amount equal to the reduction in revenues to
the Treasury by reason of this subsection shall be treated as
taxes received in the Treasury under this section.
''(6) Applicable period.--For purposes of this subsection,
the term 'applicable period' means the period beginning after
June 25, 2000, and ending before September 5, 2000.''
(b) Effective Date.--The amendments made by this section shall take
effect on the date of the enactment of this Act.

SEC. 3. FLOOR STOCK REFUNDS.

(a) In General.--If--
(1) before the tax reduction date, tax has been imposed
under section 4081 of the Internal Revenue Code of 1986 on any
liquid, and
(2) on such date such liquid is held by a dealer and has
not been used and is intended for sale,
there shall be credited or refunded (without interest) to the person
who paid such tax (hereafter in this section referred to as the
''taxpayer'') an amount equal to the excess of the tax paid by the
taxpayer over the amount of such tax which would be imposed on such
liquid had the taxable event occurred on the tax reduction date.
(b) Time for Filing Claims.--No credit or refund shall be allowed
or made under this section unless--
(1) claim therefor is filed with the Secretary of the
Treasury before the date which is 6 months after the tax
reduction date, and
(2) in any case where liquid is held by a dealer (other
than the taxpayer) on the tax reduction date--
(A) the dealer submits a request for refund or
credit to the taxpayer before the date which is 3
months after the tax reduction date, and
(B) the taxpayer has repaid or agreed to repay the
amount so claimed to such dealer or has obtained the
written consent of such dealer to the allowance of the
credit or the making of the refund.
(c) Exception for Fuel Held in Retail Stocks.--No credit or refund
shall be allowed under this section with respect to any liquid in
retail stocks held at the place where intended to be sold at retail.
(d) Definitions.--For purposes of this section--
(1) the terms ''dealer'' and ''held by a dealer'' have the
respective meanings given to such terms by section 6412 of such
Code; except that the term ''dealer'' includes a producer, and
(2) the term ''tax reduction date'' means June 26, 2000.
(e) Certain Rules To Apply.--Rules similar to the rules of
subsections (b) and (c) of section 6412 of such Code shall apply for
purposes of this section.

SEC. 4. FLOOR STOCKS TAX.

(a) Imposition of Tax.--In the case of any liquid on which tax
would have been imposed under section 4081 of the Internal Revenue Code
of 1986 during the applicable period but for the amendments made by
this Act, and which is held on the floor stocks tax date by any person,
there is hereby imposed a floor stocks tax in an amount equal to the
tax which would be imposed on such liquid had the taxable event
occurred on the floor stocks tax date.
(b) Liability for Tax and Method of Payment.--
(1) Liability for tax.--A person holding a liquid on the
floor stocks tax date to which the tax imposed by subsection
(a) applies shall be liable for such tax.
(2) Method of payment.--The tax imposed by subsection (a)
shall be paid in such manner as the Secretary of the Treasury
shall prescribe.
(3) Time for payment.--The tax imposed by subsection (a)
shall be paid on or before the date which is 6 months after the
floor stocks tax date.
(c) Definitions.--For purposes of this section--
(1) Held by a person.--A liquid shall be considered as
''held by a person'' if title thereto has passed to such person
(whether or not delivery to the person has been made).
(2) Floor stocks tax date.--The term ''floor stocks tax
date'' means September 5, 2000.
(3) Applicable period.--The term ''applicable period''
means the period beginning after June 25, 2000, and ending
before September 5, 2000.
(d) Exception for Exempt Uses.--The tax imposed by subsection (a)
shall not apply to any liquid held by any person exclusively for any
use to the extent a credit or refund of the tax imposed by section 4081
of such Code is allowable for such use.
(e) Exception for Fuel Held in Vehicle Tank.--No tax shall be
imposed by subsection (a) on any liquid held in the tank of a motor
vehicle.
(f) Exception for Certain Amounts of Fuel.--
(1) In general.--No tax shall be imposed by subsection
(a)--
(A) on gasoline (as defined in section 4083 of such
Code) held on the floor stocks tax date by any person
if the aggregate amount of gasoline held by such person
on such date does not exceed 4,000 gallons, and
(B) on diesel fuel or kerosene (as so defined) held
on such date by any person if the aggregate amount of
diesel fuel or kerosene held by such person on such
date does not exceed 2,000 gallons.
The preceding sentence shall apply only if such person submits
to the Secretary (at the time and in the manner required by the
Secretary) such information as the Secretary shall require for
purposes of this paragraph.
(2) Exempt fuel.--For purposes of paragraph (1), there
shall not be taken into account fuel held by any person which
is exempt from the tax imposed by subsection (a) by reason of
subsection (d) or (e).
(3) Controlled groups.--For purposes of this subsection--
(A) Corporations.--
(i) In general.--All persons treated as a
controlled group shall be treated as 1 person.
(ii) Controlled group.--The term
''controlled group'' has the meaning given to
such term by subsection (a) of section 1563 of
such Code; except that for such purposes the
phrase ''more than 50 percent'' shall be
substituted for the phrase ''at least 80
percent'' each place it appears in such
subsection.
(B) Nonincorporated persons under common control.--
Under regulations prescribed by the Secretary,
principles similar to the principles of subparagraph
(A) shall apply to a group of persons under common
control where 1 or more of such persons is not a
corporation.
(g) Other Law Applicable.--All provisions of law, including
penalties, applicable with respect to the taxes imposed by section 4081
of such Code shall, insofar as applicable and not inconsistent with the
provisions of this subsection, apply with respect to the floor stock
taxes imposed by subsection (a) to the same extent as if such taxes
were imposed by such section 4081.

SEC. 5. BENEFITS OF TAX REDUCTION SHOULD BE PASSED ON TO CONSUMERS.

(a) Passthrough to Consumers.--
(1) Sense of congress.--It is the sense of Congress that--
(A) consumers immediately receive the benefit of
the reduction in taxes under this Act, and
(B) transportation motor fuels producers and other
dealers take such actions as necessary to reduce
transportation motor fuels prices to reflect such
reduction, including immediate credits to customer
accounts representing tax refunds allowed as credits
against excise tax deposit payments under the floor
stocks refund provisions of this Act.
(2) Study.--
(A) In general.--The Comptroller General of the
United States shall conduct a study of the reduction of
taxes under this Act to determine whether there has
been a passthrough of such reduction.
(B) Report.--Not later than September 30, 2000, the
Comptroller General of the United States shall report
to the Committee on Finance of the Senate and the
Committee on Ways and Means of the House of
Representatives the results of the study conducted
under subparagraph (A).
Output: Expresses the sense of the Congress that the benefits of the tax reduction should be passed on to consumers. Requires a study and report.