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[Q]: SECTION 1. CREDIT FOR CERTAIN HOME PURCHASES.

(a) Allowance of Credit.--Subpart A of part IV of subchapter A of
chapter 1 of the Internal Revenue Code of 1986 (relating to refundable
credits) is amended by inserting after section 25D the following new
section:

''SEC. 25E. CREDIT FOR CERTAIN HOME PURCHASES.

''(a) Allowance of Credit.--In the case of an individual who
purchases a principal residence in the United States during the 12-
month period beginning on the date of the enactment of this section,
there shall be allowed to the taxpayer as a credit against the tax
imposed by this chapter for the taxable year an amount equal to 10
percent of the purchase price of the residence.
''(b) Limitations.--
''(1) Dollar limitation.--The credit allowed under
subsection (a) shall not exceed $10,000.
''(2) Denial of credit for residences acquired with
nonconforming loans.--No credit shall be allowed under
subsection (a) with respect to the purchase of any residence if
the aggregate acquisition indebtedness (as defined in section
163(h)(3)(B)) with respect to such residence exceeds the
limitation on the maximum original principal obligation of a
mortgage that may be purchased by the Federal Home Loan
Mortgage Corporation (as such limitation is in effect at the
time of such purchase).
''(3) Limitation based on amount of tax.--In the case of a
taxable year to which section 26(a)(2) does not apply, the
credit allowed under subsection (a) for any taxable year shall
not exceed the excess of--
''(A) the sum of the regular tax liability (as
defined in section 26(b)) plus the tax imposed by
section 55, over
''(B) the sum of the credits allowable under this
subpart (other than this section) for the taxable year.
''(4) One-time only.--
''(A) In general.--If a credit is allowed under
this section in the case of any individual (and such
individual's spouse, if married) with respect to the
purchase of any principal residence, no credit shall be
allowed under this section in any taxable year with
respect to the purchase of any other principal
residence by such individual or a spouse of such
individual.
''(B) Joint purchase.--In the case of a purchase of
a principal residence by 2 or more unmarried
individuals or by 2 married individuals filing
separately, no credit shall be allowed under this
section if a credit under this section has been allowed
to any of such individuals in any taxable year with
respect to the purchase of any other principal
residence.
''(c) Carryforward of Unused Credit.--
''(1) Rule for years in which all personal credits allowed
against regular and alternative minimum tax.--In the case of a
taxable year to which section 26(a)(2) applies, if the credit
allowable under subsection (a) exceeds the limitation imposed
by section 26(a)(2) for such taxable year reduced by the sum of
the credits allowable under this subpart (other than this
section), such excess shall be carried to the succeeding
taxable year and added to the credit allowable under subsection
(a) for such succeeding taxable year.
''(2) Rule for other years.--In the case of a taxable year
to which section 26(a)(2) does not apply, if the credit
allowable under subsection (a) exceeds the limitation imposed
by subsection (b)(3) for such taxable year, such excess shall
be carried to the succeeding taxable year and added to the
credit allowable under subsection (a) for such succeeding
taxable year.
''(3) Limitation.--No credit may be carried forward under
this subsection to any taxable year following the first taxable
year after the taxable year in which the credit arose.
''(d) Definitions and Special Rules.--For purposes of this
section--
''(1) Allocation of dollar limit.--
''(A) Married individuals filing separately.--In
the case of a married individual filing a separate
return, subsection (b)(1) shall be applied by
substituting '$5,000' for '$10,000'.
''(B) Other individuals.--If two or more
individuals who are not married purchase a principal
residence, the amount of the credit allowed under
subsection (a) shall be allocated among such
individuals in such manner as the Secretary may
prescribe, except that the total amount of the credits
allowed to all such individuals shall not exceed
$10,000.
''(2) Principal residence.--The term 'principal residence'
has the same meaning as when used in section 121.
''(3) Purchase.--
''(A) In general.--The term 'purchase' means any
acquisition, but only if--
''(i) the property is not acquired from a
person related to the person acquiring it, and
''(ii) the basis of the property in the
hands of the person acquiring it is not
determined--
''(I) in whole or in part by
reference to the adjusted basis of such
property in the hands of the person
from whom acquired, or
''(II) under section 1014(a)
(relating to property acquired from a
decedent).
''(B) Construction.--A residence which is
constructed by the taxpayer shall be treated as
purchased by the taxpayer on the date the taxpayer
first occupies such residence.
''(4) Purchase price.--The term 'purchase price' means the
adjusted basis of the principal residence on the date such
residence is purchased.
''(5) Related persons.--A person shall be treated as
related to another person if the relationship between such
persons would result in the disallowance of losses under
section 267 or 707(b) (but, in applying section 267(b) and (c)
for purposes of this section, paragraph (4) of section 267(c)
shall be treated as providing that the family of an individual
shall include only his spouse, ancestors, and lineal
descendants).
''(e) Exceptions.--No credit under subsection (a) shall be allowed
to any taxpayer for any taxable year with respect to the purchase of a
residence if--
''(1) a credit under section 1400C (relating to first-time
homebuyer in the District of Columbia) is allowable to the
taxpayer (or the taxpayer's spouse) for such taxable year or
any prior taxable year,
''(2) the taxpayer is a nonresident alien, or
''(3) the taxpayer disposes of such residence (or such
residence ceases to be the principal residence of the taxpayer
(and, if married, the taxpayer's spouse)) before the close of
such taxable year.
''(f) Reporting Requirement.--Rules similar to the rules of section
1400C(f) (as so in effect) shall apply.
''(g) Basis Adjustment.--For purposes of this subtitle, if a credit
is allowed under this section with respect to the purchase of any
residence, the basis of such residence shall be reduced by the amount
of the credit so allowed.
''(h) Application.--This section shall not apply to any taxable
year beginning after December 31, 2009.''.
(b) Conforming Amendments.--
(1) Section 23(c)(1) of such Code is amended by striking
''25D and 1400C'' and inserting ''25D, 25E, and 1400C''.
(2) Section 25D(c)(2) of such Code is amended by striking
''and 25B'' and inserting ''25B, and 25E''.
(3) Section 1400C(d)(1) of such Code is amended by striking
''section 25D'' and inserting ''sections 25D and 25E''.
(c) Clerical Amendment.--The table of sections for subpart A of
part IV of subchapter A of chapter 1 of the Internal Revenue Code of
1986 is amended by inserting after the item relating to section 25D the
following new item:

''Sec. 25E. Credit for certain home purchases.''.
(d) Effective Date.--The amendments made by this section shall
apply with respect to residences purchased after the date of the
enactment of this Act in taxable years ending after such date.
[A]: Amends the Internal Revenue Code to allow individual taxpayers a one-time refundable tax credit for up to 10% of the purchase price of a principal residence purchased in the United States within the 12-month period beginning on the date of enactment of this Act. Limits the dollar amount of such credit to $10,000. Terminates such credit after 2009.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''American Fisheries Advisory
Committee Act''.

SEC. 2. AMERICAN FISHERIES ADVISORY COMMITTEE.

(a) Establishment.--Section 2 of the Act of August 11, 1939 (15
U.S.C. 713c-3), is amended by adding at the end the following:
''(f) American Fisheries Advisory Committee.--
''(1) Definitions.--In this subsection:
''(A) Committee.--The term 'Committee' means the
American Fisheries Advisory Committee established under
paragraph (2).
''(B) Marketing and promotion.--The term 'marketing
and promotion' means an activity aimed at encouraging
the consumption of seafood or expanding or maintaining
commercial markets for seafood.
''(C) Processor.--The term 'processor' means any
person in the business of preparing or packaging
seafood (including seafood of the processor's own
harvesting) for sale.
''(D) Seafood.--The term 'seafood' means farm-
raised and wild-caught fish or shellfish harvested in
the United States or by a United States flagged vessel
for human consumption.
''(E) Seafood industry.--The term 'seafood
industry' means harvesters, marketers, growers,
processors, and persons providing them with goods and
services.
''(2) Establishment.--Not later than 90 days after the date
of the enactment of the American Fisheries Advisory Committee
Act, the Secretary shall establish five regions within the
American Fisheries Advisory Committee as follows:
''(A) Region 1 shall consist of Alaska, Hawaii, the
Commonwealth of the Northern Mariana Islands, and the
territories of Guam and American Samoa.
''(B) Region 2 shall consist of Maine, New
Hampshire, Massachusetts, Rhode Island, Connecticut,
New York, Michigan, Minnesota, Wisconsin, Illinois,
Indiana, Ohio, and Pennsylvania.
''(C) Region 3 shall consist of Texas, Alabama,
Louisiana, Mississippi, Florida, Puerto Rico, and the
territory of the Virgin Islands.
''(D) Region 4 shall consist of California,
Washington, Oregon, and Idaho.
''(E) Region 5 shall consist of New Jersey,
Delaware, Maryland, Virginia, North Carolina, South
Carolina, and Georgia.
''(3) Membership.--The Committee shall be composed of the
following members:
''(A) Regional representation.--Each of the regions
listed in subparagraphs (A) through (E) of paragraph
(2) shall be represented on the Committee by two
members--
''(i) who are appointed by the Secretary;
''(ii) who reside in a State or territory
in the region that the member will represent;
''(iii) of which--
''(I) one shall have experience as
a seafood harvester; and
''(II) one shall have experience as
a processor; and
''(iv) that are selected so that the
members of the Committee have experience or
expertise with as many seafood species as
practicable.
''(B) At-large members.--The Secretary shall
appoint to the Committee at-large members to ensure
that the Committee fairly reflects the expertise and
interest of the seafood industry located in each
region, as follows:
''(i) One individual with experience in
mass market food distribution.
''(ii) One individual with experience in
mass market food retail or food service.
''(iii) One individual with experience in
the marketing of seafood.
''(iv) One individual with experience in
growing seafood.
''(v) One individual who is an employee of
the National Marine Fisheries Service with
expertise in fisheries research.
''(4) Member terms.--The term for a member of the Committee
shall be three years, except that the Secretary shall designate
staggered terms for the members initially appointed to the
Committee.
''(5) Responsibilities.--The Committee shall be responsible
for--
''(A) identifying needs of the seafood industry
that may be addressed by a project funded with a grant
under subsection (c);
''(B) developing the request for proposals for such
grants;
''(C) reviewing applications for such grants; and
''(D) selecting applications for approval under
subsection (c)(2)(B).
''(6) Chair.--The Committee shall elect a chair by a
majority of those voting, if a quorum is present.
''(7) Quorum.--A simple majority of members of the
Committee shall constitute a quorum, but a lesser number may
hold hearings.
''(8) Meetings.--
''(A) Frequency.--The Committee shall meet not more
than two times each year.
''(B) Location.--The meetings of the Committee
shall rotate between the geographic regions described
under paragraph (2).
''(C) Federal advisory committee act.--The Federal
Advisory Committee Act (5 U.S.C. App.) shall not apply
to the Committee.
''(9) Staff.--The Committee may employ staff as necessary
without regard to the provisions of title 5, United States
Code.
''(10) Per diem and expenses and funding.--
''(A) In general.--A member of the Committee shall
serve without compensation, but shall be reimbursed in
accordance with section 5703 of title 5, United States
Code, for reasonable travel costs and expenses incurred
in performing duties as a member of the Committee.
''(B) Funding.--The reimbursements made under
subparagraph (A) shall be paid with the funds made
available for grants under subsection (c).
''(11) Conflict of interest.--The conflict of interest and
recusal provisions set out in section 302(j) of the Magnuson-
Stevens Fishery Conservation and Management Act (16 U.S.C.
1852(j)) shall apply to any decision by the Committee and to
all members of the Committee as if each member of the Committee
is an affected individual within the meaning of such section
302(j), except that in addition to the disclosure requirements
of section 302(j)(2)(C) of such Act (16 U.S.C. 1852(j)(2)(C)),
each member of the Committee shall disclose any financial
interest or relationship in an organization or with an
individual that is applying for a grant under subsection (c)
held by the member of the Committee, including an interest as
an officer, director, trustee, partner, employee, contractor,
agent, or other representative.''.
(b) Role in Approval of Grants.--Section 2(c)(3) of the Act of
August 11, 1939 (15 U.S.C. 713c-3(c)(3)), is amended to read as
follows:
''(3) No application for a grant under this subsection may be
approved unless--
''(A) the Secretary is satisfied that the applicant has the
requisite technical and financial capability to carry out the
project; and
''(B) the application is selected for funding by the
American Fisheries Advisory Committee under subsection (f).''.
[A]: American Fisheries Advisory Committee Act This bill amends the Saltonstall-Kennedy Act to direct the National Oceanic and Atmospheric Administration (NOAA)to establish the American Fisheries Advisory Committee. NOAA must establish five regions within the committee.The committee must consist of members chosen regionally and across all sectors of the fishing industry.Additionally, the committee must: (1)identify the needs of the fishing industry, (2)develop grant proposals to fund projects that address the industry needs, (3)review grant applications, and (4)provide NOAA with grant applicants for approval. NOAA must not approve a grant application unless the application is selected for funding by the committee.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Environmentally Advanced
Technologies Research and Development Act''.

SECTION 2. FINANCIAL ASSISTANCE FOR TECHNOLOGY ADAPTATION TO
PROMOTE EXPORTS.

(a) Establishment.--There is established a revolving fund to be
known as the Environmental Technology Export Revolving Fund for the
purpose of providing financial assistance for the adaptation and
demonstration of United States environmental technologies to enhance
exports to major international markets.
(b) Forms of Financial Assistance.--To carry out this section, the
Secretary of Commerce may, to the extent provided in appropriations
Acts, use the Fund for the purpose of making loans, loan guarantees, or
other forms of financial assistance to United States companies,
independent research centers, institutions of higher education, and
other organizations the Secretary considers appropriate.
(c) Priorities.--In providing financial assistance under this
section, the Secretary of Commerce shall give priority to environmental
technologies--
(1) that require modifications through further research and
development to enable commercialization in international
markets;
(2) that have substantial potential for use in export
markets; and
(3) for which substantial manufacture will remain in the
United States.
(d) Operating Plan.--Not later than January 1, 1995, the Secretary
of Commerce shall submit to the Congress an operating plan to carry out
this section. The plan shall contain a description of coordination
efforts with other sources of export finance assistance, including the
Agency for International Development and the Overseas Private
Investment Corporation, and an evaluation of alternative approaches to
carrying out this section (including priorities referred to in
subsection (c)). The Secretary shall develop recommendations, as
appropriate, to carry out this section in the most effective and
efficient manner achievable. The recommendations shall include a
description of the system of evaluation used under this subsection.
(e) Terms and Conditions for Financial Assistance.--
(1) Limitation on project amount.--Loans, loan guarantees,
and other forms of financial assistance made under this section
shall be in such form and under such terms and conditions as
the Secretary of Commerce may prescribe by regulation. The
amount of assistance provided under this section for a project
may not exceed 50 percent of the total eligible project costs.
The term ''total eligible project costs'' shall be defined by
the Secretary of Commerce by regulation.
(2) Limitation on total cost.--Financial assistance under
this section shall be made under such terms and conditions as
are necessary to ensure that the cost of carrying out this
section shall not exceed 15 percent of the corresponding credit
authority to carry out this section. For purposes of this
paragraph--
(A) the term ''cost'' has the meaning given such
term in section 502(5) of the Federal Credit Reform Act
of 1990 (2 U.S.C. 661a); and
(B) the term ''credit authority'' has the meaning
given such term in section 3(10) of the Congressional
Budget Act of 1974 (2 U.S.C. 622(10)).
(f) Repayment.--Repayment on loans made under this section and the
proceeds from any other agreement entered into by the Secretary of
Commerce under this section shall be credited to the Fund. A loan or
loan guarantee agreement under this section may, at the discretion of
the Secretary of Commerce, include a requirement--
(1) that a portion of any royalties received in connection
with a technology developed with financial assistance under
this section be paid to the United States; and
(2) in any case in which the technology is used by the
recipient of such financial assistance for the production and
sale of goods, that a payment equal to the amount paid under
paragraph (1) in connection with the technology be paid to the
United States.
(g) Interest.--Interest on a loan, or portion of a loan, awarded or
guaranteed by the Federal Government under this section shall be at a
rate determined by the Secretary of the Treasury, at the time such loan
is made, to equal the then current average market yield on outstanding
debt obligations of the United States with remaining periods to
maturity comparable to the maturity of such loan, plus an additional
charge of up to 1 percent applied by the Secretary of Commerce to cover
expected defaults and reasonable administrative costs of carrying out
this section. For purposes of this section, the term ''default'' shall
be defined by the Secretary of Commerce by regulation.
(h) Management of the Fund.--The Secretary of Commerce shall manage
the Fund and shall annually submit to the Congress a report on the
financial condition and the results of operation of the Fund during the
preceding fiscal year.
(i) Technical Assistance.--The Secretary of Commerce shall, upon
request, provide technical assistance and services, as appropriate and
needed, to awardees under this section and shall ensure that awardees
have ready access to such assistance. The Secretary may charge fees for
technical assistance and services. The Secretary may waive such fees on
a case-by-case basis. Fees paid to the United States under this section
shall be deposited in the revolving fund.
(j) Coordination With Other Federal Activities.--The Secretary of
Commerce shall, to the maximum extent practicable, coordinate the
activities under this section with similar Federal activities to avoid
unnecessary duplication of effort.
(k) Outreach to Economically Depressed Areas.--The Secretary of
Commerce shall seek to ensure that qualified business concerns located
in areas determined by the Secretary to have a depressed economy, or a
significant concentration of defense-related industries, or chronically
high unemployment, are notified of the availability of financial
assistance under this section and, to the extent practicable, to
encourage and facilitate the participation of such qualified business
concerns in activities for which financial assistance in provided under
this section.
[A]:
Environmentally Advanced Technologies Research and Development Act - Establishes the Environmental Technology Export Revolving Fund to provide financial assistance for the adaptation and demonstration of U.S. environmental technologies to enhance exports to major international markets.