An amendment numbered 21 printed in the Congressional Record to raise the countercyclical target price for peanuts from $480 to $500 per ton.
United States · United States Congress
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1,868 records where Rep. Etheridge, Bob [D-NC-2] is listed as a sponsor, author, or other actor. Search with topics and years
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United States · United States Congress · 1 December 2010
Congratulates Gerda Weissmann Klein on being selected to receive the Presidential Medal of Freedom.
United States · United States Congress · 29 September 2010
Amends the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and the Federal Water Pollution Control Act (commonly known as the Clean Water Act) to prohibit the Administrator of the Environmental Protection Agency (EPA) from requiring a national pollutant discharge elimination system permit under the Clean Water Act, or directly or indirectly requiring any state to require a permit, for the application of any pesticide subject to FIFRA if the pesticide is applied in conformance with FIFRA.
United States · United States Congress · 29 September 2010
Used Oil Re-Refining Tax Credit Act of 2010 - Amends the Internal Revenue Code to allow a tax credit for 30% of the investment in a project to process qualifying re-refined lubricating oil from used oil. Defines "qualifying re-refined lubricating oil" as a base oil which meets the American Society of Testing and Materials standard for hydrocarbon lubricating base oil (ASTM D6074) and which is manufactured from used lubricating oil. Directs the Secretary of the Treasury, in consultation with the Secretary of Energy, to establish a qualifying used oil re-refining project program for the deployment of used oil re-refining technologies.
United States · United States Congress · 29 September 2010
Recognizes the AbilityOne Base Supply Centers (supplying military products made by employees who are blind or severely disabled) for 15 years of service on military installations and in federal buildings across the United States. Commends U.S. military installations and federal buildings for their commitment to the AbilityOne Program and their success at eliminating barriers to employment and independence for blind or severely disabled Americans. Honors National Industries for the Blind and NISH as nonprofit agencies providing critically important employment opportunities, training, and mission critical support services to the U.S. military through the AbilityOne Base Supply Center Program.
United States · United States Congress · 22 September 2010
Celebrates the 60th anniversary of the enactment of the Impact Aid program (which compensates local educational agencies for the financial burden of federal activities affecting their areas) as Impact Aid Recognition Day. Recognizes the importance of the program in ensuring that federally connected children receive a high-quality public education.
United States · United States Congress · 22 September 2010
Recognizes the shootings that occurred at Fort Hood, Texas, on November 5, 2009, as a tragic event in the history of the Army and the United States. Extends the deepest sympathies of Congress to the families and friends of the shooting victims. Honors the civilian law enforcement personnel of the Department of Defense (DOD) for implementing their training to eliminate the threat promptly, thereby limiting additional loss of life or injury. Commends the Fort Hood command team for its timely response and situational control. Expresses gratitude to the Fort Hood communities, military personnel stationed at Fort Hood, military service organizations, and the American people for promptly extending comfort and assistance to the victims of the shootings and their families.
United States · United States Congress · 15 September 2010
Strengthening Medicare Anti-Fraud Measures Act of 2010 - Amends title XI of the Social Security Act to authorize the Secretary of Health and Human Services (HHS) to exclude from participation in any federal health care program entities affiliated with a sanctioned entity, as well as any officer or managing employee of an affiliated entity (currently, only individuals with an ownership or control interest in a sanctioned entity), if the affiliated entity was so affiliated at the time of any of the conduct forming the basis for the conviction or exclusion of the sanctioned entity.
United States · United States Congress · 14 September 2010
McKinney National Fish Hatchery Conveyance Act - Directs the Secretary of the Interior to convey the McKinney Lake National Fish Hatchery in Richmond County, North Carolina, to the state of North Carolina to be used by the North Carolina Wildlife Resources Commission as a component of the fish and wildlife management program of the state. Requires the state to allow the United States Fish and Wildlife Service (USFWS) to use such property for the propagation of any critically important aquatic resource held in public trust to address the specific restoration or recovery needs of such resource. Requires the Secretary to reimburse the Commission for any costs incurred for the use of such property.
United States · United States Congress · 14 September 2010
Expresses support for Constitution Day.
United States · United States Congress · 10 August 2010
HIRE Now Tax Cut Extension Act of 2010 - Amends the Internal Revenue Code to extend until June 30, 2011, the exemption from payment of employment taxes for individuals who begin employment after July 22, 2010.
United States · United States Congress · 30 July 2010
Congratulates the the American Volunteer Group, known as the Flying Tigers, and the 23rd Fighter Group for their contributions to the nation's defense. Celebrates the 69th anniversary of the first combat action of the Flying Tigers.
United States · United States Congress · 30 July 2010
Recognizes the 50th anniversary of the passage of the legislation that created real estate investment trusts (REITs) and the enhanced opportunities for investment and retirement security that have been afforded to Americans as a result of this landmark legislation.
United States · United States Congress · 30 July 2010
Expresses support for designation of National Craniofacial Acceptance Month.
United States · United States Congress · 28 July 2010
Investing in American Jobs and Closing Tax Loopholes Act of 2010 - Amends the Internal Revenue Code to: (1) extend through 2012 the period for issuing Build America Bonds and for making payments to issuers of such bonds; (2) allow financing of levees and other flood control projects with such Bonds; (3) exempt private activity bonds for sewage and water supply facilities from otherwise applicable state volume caps and allow Indian tribal governments to issue tax-exempt private activity bonds to provide water or sewage facilities; (4) extend through 2011 the exemption of interest on tax-exempt bonds from the alternative minimum tax (AMT); (5) extend through 2011 the period for issuing recovery zone economic development bonds and recovery zone bonds; (6) allow a full offset against the AMT for new market tax credit amounts attributable to qualified equity investments initially made before January 1, 2012; and (7) extend through 2011 the tax exemption allowed for interest on bonds guaranteed by a federal home loan bank and small issuer rules for the allocation of tax-exempt interest expense by financial institutions. Amends title IV, part A (Block Grants to States for Temporary Assistance for Needy Families) of the Social Security Act to: (1) rename the Emergency Contingency Fund for State Temporary Assistance for Needy Family Programs as the Emergency Fund for Job Creation and Assistance; and (2) extend appropriations for such Fund through FY2011. Amends the Internal Revenue Code, with respect to the taxation of foreign income and the foreign tax credit, to: (1) suspend the recognition of foreign tax credits until the related foreign income is taken into account for U.S. tax purposes; (2) deny a foreign tax credit for foreign income not subject to U.S. taxation due to a covered asset acquisition (defined as an acquisition that results in an increase in tax basis for U.S. tax purposes but not for foreign tax purposes); (3) apply a separate foreign tax credit limitation for each item of income that would be treated as derived from sources within the United States and that would be treated as arising from sources outside the United States under a treaty obligation (if the taxpayer chooses the benefits of such treaty); (4) limit the amount of foreign tax credits that may be claimed by a U.S. domestic corporation with respect to a deemed dividend paid by a foreign subsidiary; (5) prevent a reduction in earnings in profits of a foreign corporation in an acquisition if more than 50% of the dividends arising from such acquisition would not be subject to U.S. taxation or would be includible in the earnings and profits of a controlled foreign corporation; (6) treat a foreign corporation as a member of an affiliated group for interest allocation and apportionment purposes if more than 50% of its gross income is effectively connected with a U.S. trade or business and at least 80% of either the vote or value of its outstanding stock is owned directly or indirectly by members of the affiliated group; (7) repeal tax rules exempting foreign source income attributable to the active conduct of a foreign trade or business from withholding of tax requirements; (8) treat as income received in the United States amounts received from noncorporate residents or domestic corporations with respect to guarantees and amounts paid by any foreign person if such amounts are connected with income that is effectively connected with the conduct of a trade or business in the United States; and (9) provide that the statute of limitations for assessing any tax on certain foreign transactions shall apply only to items related to a failure to provide information to the Internal Revenue Service (IRS) due to reasonable cause and not willful neglect. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010. Increases by 3% the estimated tax payment of corporations with assets of not less than $1 billion in the third quarter of 2015.
United States · United States Congress · 28 July 2010
Designates the facility of the United States Postal Service located at 204 South Main Street in Seaboard, North Carolina, as the "Louise Lassiter Post Office."
United States · United States Congress · 22 July 2010
World War II Merchant Mariner Service Act - Directs the Secretary of Defense (DOD) to consider certain methods for verifying that an individual performed honorable service as a member of the merchant marine during the period beginning on December 7, 1941, and ending on December 31, 1946, for purposes of eligibility for veterans' benefits under the GI Bill Improvement Act of 1977. Requires such methods to include Social Security Administration (SSA) records and validated testimony in the case of the absence of Coast Guard shipping or discharge forms, ship logbooks, or other official employment records. Requires the Secretary to recognize masters of seagoing vessels or other command officers who were authorized to document an individual for purposes of hiring for the merchant marine or discharge therefrom, when determining whether to recognize service allegedly performed during such period.
United States · United States Congress · 20 July 2010
Supports the designation of National Postdoc Appreciation Week. Recognizes the contributions postdoctoral scholars (postdocs) make in this country and around the world. Recognizes the career development and other professional needs of postdocs. Encourages the improvement of training and career opportunities in research.
United States · United States Congress · 15 July 2010
Expresses support for the designation of, and the goals and ideals of, World Veterinary Year.
United States · United States Congress · 15 July 2010
Recognizes the historic milestone of the 50th anniversary of the publication of "To Kill a Mockingbird." Honors Nelle Harper Lee for her outstanding achievement in the field of American literature in authoring "To Kill a Mockingbird."
United States · United States Congress · 1 July 2010
Honors Dr. Robert Campbell for his lifelong devotion to children's health care. Congratulates Dr. Campbell and his colleagues on their extraordinary achievement in pediatric and orthopedic innovation. Recognizes the Vertical Expandable Prosthetic Titanium Rib device which has saved the lives of many infants and children. Calls on the Food and Drug Administration (FDA) to continue to support and incentivize other medical advances to save children's lives threatened by rare disorders.
United States · United States Congress · 29 June 2010
Expresses support for the designation National Minority Golf Awareness Day. Urges public and private sector efforts to encourage minority participation in golf.
United States · United States Congress · 24 June 2010
Congratulates Tarboro, North Carolina, on its 250th anniversary.
United States · United States Congress · 17 June 2010
Firearms Excise Tax Improvement Act of 2010 - Amends the Internal Revenue Code to require: (1) excise taxes on recreational equipment to be due and payable on the date for filing the return for such taxes (i.e., quarterly); and (2) the Secretary of the Treasury to assess and collect, in the same manner as delinquent taxes are assessed and collected, mandatory orders of restitution for victims of crime.
United States · United States Congress · 14 June 2010
Expresses the appreciation of Congress to the members of the U.S. Army for 235 years of dedicated service. Honors the valor, commitment, and sacrifice that members of the U.S. Army, their families, and Army civilians have displayed throughout the history of the Army.
United States · United States Congress · 9 June 2010
Celebrates the U.S. flag. Expresses support for the goals and ideals of Flag Day.
United States · United States Congress · 25 May 2010
Textile Enforcement and Security Act of 2010 - Requires the seizure and forfeiture of an imported textile or apparel article for which a trade preference has been claimed in cases where the importer: (1) has either misdescribed or not verified the article's country of origin; or (2) provides false information as to his or her address or does not meet certain documentation or informational requirements upon entry of an article. Requires the Secretary of Homeland Security (Secretary) or the Secretary of the Treasury to use amounts from fines, penalties, and forfeitures of articles due to violations of the U.S. customs laws to pay for expenses related to the investigation and enforcement of such violations. Authorizes also the use of such amounts to pay for a reward of the lesser of at least 20% of that amount or $20,000 to any person who furnishes information that leads to an arrest, conviction, civil penalty assessment, or forfeiture of articles due to violations enforced by the Secretary. Directs the Commissioner of the U.S. Customs and Border Protection (CBP) to ensure specified staffing of the Textile Operations Branch of the Textile and Apparel Policy and Programs (TAPP) division of the Office of International Trade within CBP and of the Textile/Apparel Policy Branch of TAPP. Requires the Commissioner to allocate, to the 15 largest U.S. ports of entry for textile or apparel articles, a certain number of Import Specialists trained in preventing textile or apparel importer fraud. Amends the Tariff Act of 1930 to require certain documentation or information from an importer upon the entry of textile or apparel articles to include an affidavit with specified information that may be electronically filed with CBP. Prescribes additional bonding requirements for the importation of textile or apparel articles. Specifies producers, manufacturers, suppliers, sellers, importers, exporters subject to certain prohibitions against fraud, gross negligence, or negligence in the documentation of imported merchandise. Requires the Secretary of the Treasury (who is now merely authorized) to publish in the Federal Register: (1) the names of persons located outside of the U.S. customs territories against whom the CBP has issued a penalty claim for violating U.S. customs laws; and (2) a list of high risk countries involved in the transshipment of textile or apparel products. Requires the President, acting through the CBP Commissioner and in coordination with the head of the Office of Textiles and Apparel of the Department of Commerce, to establish an electronic verification system for tracking textile or apparel articles imported or exported under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR), the North American Free Trade Agreement (NAFTA), or any other free trade agreement to which the United States is a party to ensure compliance with such agreements. Requires the President to establish a nonresident importer declaration program for the import of textile or apparel articles. Directs the Attorney General to establish within the Department of Justice (DOJ) the Office of Textile and Apparel Trade Enforcement.
United States · United States Congress · 18 May 2010
Commends the National Rifle Association for developing the Eddie Eagle GunSafe Program to teach firearm safety to children and supports the goals and objectives of such program. Encourages: (1) educators to incorporate gun education programs in elementary school curricula; and (2) civic and community organizations to support funding for the Eddie Eagle GunSafe Program.
United States · United States Congress · 18 May 2010
Expresses condolences to the North Carolina court system, Chatham County, and the town of Pittsboro for the tragic loss of the Chatham County Courthouse. Commends the heroic actions of the Chatham County firefighters and first responders who worked tirelessly to combat the Courthouse fire, minimize the damage to the Courthouse and the historic materials contained therein, and protect the public. Recognizes the community significance of the Courthouse as both the most significant historic landmark and the cornerstone of justice and the rule of law in Chatham County. recognizes the impact that more than a century of landmark court decisions has made on the judicial system of the Town of Pittsboro, Chatham County, and North Carolina. Recognizes the impact that more than a century of landmark court decisions has made on the judicial system of the town of Pittsboro, Chatham County, and North Carolina.
United States · United States Congress · 13 May 2010
State Small Business Credit Initiative Act of 2010 - Establishes a seven-year State Small Business Credit Initiative (Initiative), administered by the Secretary of the Interior to allocate federal funds to participating states with capital access programs. Prescribes eligibility criteria for state capital access programs providing portfolio insurance for business loans. Requires the portfolio insurance to be based on a separate loan-loss reserve fund for each financial institution, with: (1) premiums paid by the financial institution lenders and by the business borrowers to the reserve fund to have their loans enrolled in it; and (2) state contributions to the reserve fund in amounts equal to such premium charges. Limits portfolio insurance to loans of up to $5 million to borrowers with 500 employees or fewer at the time that the loan is enrolled in the program. Requires the Secretary to approve for federal contributions any state capital access program meeting specified minimum requirements. Authorizes a participating state that establishes a new, or has an existing, eligible credit support program to apply for the Secretary's approval of a state other credit support program [ sic ] for federal contributions to, or for the account of, the state program. Requires a state other credit support program, among other eligibility criteria, to demonstrate that one dollar of public investment by the state program will cause and result in one dollar of new private credit, with a reasonable expectation that, when considered with all other state programs, they together have the ability to use new federal contributions to cause and result in amounts of new small business lending at least 10 times the new federal contribution amount. Requires such a program to extend credit support to borrowers with an average size of 500 or fewer employees, but in no event to borrowers with more than 750 employees. Requires such credit support to target loans with an average principal amount of $5 million or less, but in no event more than $20 million. Authorizes the reduction of federal allocations to the state or termination of further allocation transfers to the state upon its termination of participation in the program, or failure to submit timely and complete reports, or its noncompliance with the terms of the allocation agreement. Directs the Secretary to: (1) establish minimum national standards for approved state programs; and (2) provide states with technical assistance for starting programs and generally disseminating best practices.
United States · United States Congress · 13 May 2010
Honors the memory of Dr. James E. Shepard for his role in founding North Carolina Central University in Durham, North Carolina. Celebrates the school's 100th anniversary and recognizes its accomplishments over the past century. Encourages North Carolina's citizens to participate in activities marking this historic occasion.
United States · United States Congress · 12 May 2010
Supports the goals of Taiwanese American Heritage Week. Recognizes the contributions of Taiwanese Americans and the important role that Taiwanese Americans play in strengthening U.S. society. Remains committed to enhancing peace, stability, and prosperity in Taiwan and across the Taiwan Strait.
United States · United States Congress · 11 May 2010
Support Working Parents Act of 2010 - Amends the Internal Revenue Code to repeal the phaseout of the tax credit for dependent care services for taxpayers whose adjusted gross incomes exceed $15,000.
United States · United States Congress · 6 May 2010
Capital Access for Main Street Act of 2010 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to: (1) a loan secured by commercial real estate; or (2) other real estate owned.
United States · United States Congress · 6 May 2010
Supports the designation of the week beginning on the second Sunday of September as Arts in Education Week.
United States · United States Congress · 5 May 2010
Family Engagement in Education Act of 2010 - Amends title I (Improving the Academic Achievement of the Disadvantaged) of the Elementary and Secondary Education Act of 1965 (ESEA) to allocate funds to states and, through them, local educational agencies (LEAs) to develop certain policies and practices to strengthen family engagement in their children's education. Requires states and correctional facilities to work with family members and aftercare providers in developing educational services and transition plans for youth following their stay in state and local institutions for neglected or delinquent youth. Requires states to use part of their grant under part A (Teacher and Principal Training and Recruiting Fund) of title II of the ESEA to train teachers and principals to effectively engage families in their children's education. Establishes a new part E (Family Engagement in Education Programs) under title V of the ESEA requiring the Secretary of Education to provide funding to each state to establish a State Family Engagement Coordinating Council to assure coordination and integration of family engagement activities across the education spectrum. Authorizes the Secretary to award grants to: (1) statewide nonprofit organizations to establish Statewide Family Engagement Centers to provide comprehensive training, technical assistance, and capacity building to states, LEAs, schools, and organizations that support family-school partnerships to assist parents in participating effectively in their children's education; and (2) local nonprofit parent organizations to create Local Family Engagement Centers which are to be assessed on their ability to assist parents in overcoming barriers to engaging in their children's education. Directs the Secretary to issue rules that specify research-based metrics on family engagement in education for entities receiving this Act's funding. Requires that there be established in the Department of Education dedicated staff, including a Director, for family and community engagement within the Office of Elementary and Secondary Education.
United States · United States Congress · 29 April 2010
Democracy is Strengthened by Casting Light on Spending in Elections Act or DISCLOSE Act - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit: (1) independent expenditures and payments for electioneering communications by government contractors if the value of the contract is at least $50,000; and (2) recipients of assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) from making any contribution to any political party, committee, or candidate for public office, or to any person for any political purpose or use, or from making any independent expenditure or disbursing any funds for an electioneering communication. Applies the ban on contributions and expenditures by foreign nationals to foreign-controlled domestic corporations. Treats as contributions: (1) any payments by any person (except a candidate, a candidate's authorized committee, or a political committee of a political party) for coordinated communications; and (2) political party communications made on behalf of candidates if made under the control or direction of a candidate or a candidate's authorized committee. Revises the definition of independent expenditure to mean, in part, an expenditure that, when taken as a whole, expressly advocates the election or defeat of a clearly identified candidate, or is the functional equivalent of express advocacy. Requires any person making independent expenditures exceeding $10,000 to file a report within 24 hours. Increases the period before a general election during which a communication shall be considered an electioneering communication. Requires corporations, labor organizations, and other covered organizations to include specified additional information in reports on independent expenditures of at least $10,000. Sets forth special rules for the use of general treasury funds by covered organizations for campaign-related activity. Authorizes covered organizations to make optional use of a separate Campaign-Related Activity Account for making disbursements for campaign-related activity. Prescribes additional information to be included in certain radio or television communications by persons (including significant funders of campaign-related communications of a covered organization) other than a candidate, a candidate's authorized committee, or a political committee of a political party. Amends the Lobbying Disclosure Act of 1995 to require registered lobbyists to report information on independent expenditures or electioneering communications of at least $1,000 to the Secretary of the Senate and the Clerk of the House of Representatives. Requires certain covered organizations to disclose to shareholders, members, or donors information on disbursements for campaign-related activity. Authorizes judicial review of the provisions of this Act.
United States · United States Congress · 26 April 2010
Girls Protection Act of 2010 - Amends the federal criminal code to impose a fine or five-year prison term, or both, on any U.S. citizen or alien admitted for permanent residence who knowingly transports in foreign commerce a girl under the age of 18 for the purposes of female genital mutilation.
United States · United States Congress · 26 April 2010
Grow a Renewable Energy Economy Now--Jumpstart Other Biofuels Act of 2010 - Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for investments in qualified cellulosic and algae-based biofuel facilities; (2) extend through 2016 the special depreciation allowance for qualified cellulosic biofuel plant property; (3) include algae-based biofuel within the definition of cellulosic biofuel for purposes of the cellulosic biofuel producer tax credit; (4) exclude from the definition of cellulosic biofuel any processed fuel with an acid number greater than 25; (5) extend through 2016 the cellulosic biofuel producer tax credit; and (6) allow a direct payment of 30% of the basis of cellulosic and algae-based biofuel facility property.
United States · United States Congress · 21 April 2010
Celebrates the life of Dr. Dorothy Irene Height and recognizes her lifelong dedication and leadership in the struggle for civil rights for all people.
United States · United States Congress · 20 April 2010
Expresses condolences to the North Carolina court system, Chatham County, and the town of Pittsboro for the tragic loss of the Chatham County Courthouse. Commends the heroic actions of the Chatham County firefighters and first responders who worked tirelessly to combat the Courthouse fire, minimize the damage to the Courthouse and the historic materials contained therein, and protect the public. Recognizes the community significance of the Courthouse as both the most significant historic landmark and the cornerstone of justice and the rule of law in Chatham County.
United States · United States Congress · 15 April 2010
Expresses support for: (1) the goals and ideals of National Nurses Week; and (2) the nurse capacity initiatives for institutions of higher education included in the Higher Education Opportunity Act. Acknowledges the importance of quality higher education in nursing to meet the needs of one of the nation's fastest growing fields.
United States · United States Congress · 13 April 2010
Home Health Care Planning Improvement Act of 2010 - Amends title XVIII (Medicare) of the Social Security Act to revise conditions of and limitations on payment for home health care services. Allows payment for home health services to Medicare beneficiaries by: (1) a nurse practitioner; (2) a clinical nurse specialist working in collaboration with a physician in accordance with state law; (3) a certified nurse-midwife; or (4) a physician assistant under a physician's supervision.
United States · United States Congress · 13 April 2010
Congratulates the Duke University Blue Devils for winning the 2010 National Collegiate Athletic Association Division I Men's Basketball Tournament.
United States · United States Congress · 25 March 2010
Expresses the sense of the House of Representatives that: (1) the current policy that prohibits sending a presidential letter of condolence to the family of a member of the Armed Forces who has died by suicide only serves to perpetuate the stigma of mental illness that pervades the Armed Forces; and (2) the President, as Commander-in-Chief, should overturn the policy and treat all military families equally.
United States · United States Congress · 17 March 2010
Commends Lance Mackey on his record-breaking fourth consecutive Iditarod victory during the 2010 Iditarod Trail Sled Dog Race. Applauds each musher who was courageous enough to compete in the 2010 Iditarod Trail Sled Dog Race. Expresses appreciation to all volunteers and staff who help make this Alaskan race possible every year.
United States · United States Congress · 16 March 2010
Small Business and Infrastructure Jobs Tax Act of 2010 - Amends the Internal Revenue Code to: (1) allow a 100% exclusion from gross income of gain from the sale of qualified small business stock acquired after March 15, 2010, and before January 1, 2012; (2) limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction; (3) revise the definition of "qualified nonrecourse financing" to include qualified nonrecourse real property or Small Business Investment Company financing as amounts at risk for purposes of determining the deductibility of losses from certain investment activities, including farming, leasing, and energy exploration; (4) increase in 2010 and 2011 the tax deduction for business start-up expenditures; (5) extend through June 30, 2013, the period for issuing Build America Bonds; (6) exempt private activity bonds for sewage and water supply facilities from the state volume caps applicable to such bonds; (7) extend through 2011 the exemption from alternative minimum tax (AMT) treatment of interest on certain tax-exempt bonds; (8) allow elective payments in lieu of low-income housing tax credits for low-income buildings financed by tax-exempt bonds; (9) extend through 2011 the period for issuing recovery zone bonds; and (10) allow an full offset against the AMT for new market tax credit amounts. Sets forth revenue-raising provisions, including: (1) a prohibition of any reduction of tax withholding for payments made by a U.S. subsidiary of a foreign parent corporation to a related subsidiary in any country that has a tax treaty with the United States, except for payments made directly to the foreign parent corporation; (2) recognition of gain from the transfer of securities of a controlled corporation in a reorganization; (3) the repeal of tax treatment as foreign source income of interest and dividends paid by certain resident alien individuals and U.S. corporations; (4) treating rental income from real estate as a trade or business activity for tax reporting purposes; (5) expanding the continuous tax levy on payments to vendors for good and services to include payments for all property, goods, or services and for delinquent employment taxes owed by such vendors; (6) revising requirements for grantor retained annuity trusts to require a minimum 10-year period for payments from such trusts; and (7) increasing tax penalties for failure to file correct information returns and for the intentional disregard of reporting requirements. Requires the Commissioner of Internal Revenue to report by December 31, 2010, and then annually to the House Committee on Ways and Means and the Senate Committee on Finance on penalties relating to tax shelters and reportable transactions.