United States · United States Congress · 3 April 2001
Military Overseas Voter Empowerment Act of 2001 - Amends the Soldiers' and Sailors' Civil Relief Act of 1940 to provide that, for purposes of voting for a Federal or State office, a person who is absent from a State in compliance with military or naval orders shall not, solely by reason of that absence be deemed to have: (1) lost a residence or domicile in that State, without regard to whether or not the person intends to return to that State; (2) acquired a residence or domicile in any other State; or (3) become a resident in or a resident of any other State. Amends the Uniformed and Overseas Citizens Absentee Voting Act to provide for: (1) extension of registration and balloting rights for absent uniformed services voters to State and local elections; (2) treatment of applications and absentee ballots submitted by absent uniformed services voters; and (3) coverage of recently separated uniformed services voters as absent uniformed services voters. Directs the Secretary of Defense to carry out a demonstration project under which absent uniformed services voters are permitted to cast ballots in the regularly scheduled general election for Federal office for November 2002 through an electronic voting system.
United States · United States Congress · 3 April 2001
Insulin-Free World Medicare Pancreas Transplantation Coverage Act of 2001 - Requires any medically necessary pancreas transplantation procedure to be a covered benefit under title XVIII (Medicare) of the Social Security Act, whether or not such procedure is done in conjunction with another organ transplantation procedure that is a covered Medicare benefit.
United States · United States Congress · 3 April 2001
Fair Care for the Uninsured Act of 2001- Amends the Internal Revenue Code to allow an individual a tax credit in an amount equal to the amount paid for qualified health insurance, subject to stated limitations. Directs the Secretary of the Treasury to make payments to the provider of an individual's qualified health insurance equal to such individual's qualified health insurance credit advance amount (the Secretary's estimate of the amount of credit allowable) with respect to such provider. Requires each health insurer, health maintenance organization, and health service organization to participate in a health insurance safety net which shall assure the availability of health insurance to uninsurable individuals. Funds such safety nets through assessments against such insurers and organizations. Permits such insurers and organizations to add the costs of such assessments to the costs of its insurance or coverage. Amends the Public Health Service Act to allow health benefits coverage through individual membership associations (IMAs). Sets forth IMA requirements, including that the IMA be an organization operated under the direction of an association and that IMA health benefits coverage only be provided through contracts with health insurance issuers. Requires IMAs to include a minimum of two health insurance coverage options.
United States · United States Congress · 30 March 2001
Medicare Mammogram Access Protection Act of 2001 - Amends Federal law commonly known as the Benefits Improvement and Protection Act to provide for a one-year delay of inclusion of payment for screening mammography in the Medicare (title XVIII of the Social Security Act (SSA)) physician fee schedule. Amends SSA title XVIII to provide for a change in reimbursement under the Medicare program for screening mammographies furnished in 2002. Directs the Medicare Payment Advisory Commission to study and report to Congress on the relative value units established by the Secretary of Health and Human Services under the Medicare physician fee schedule for screening services that are reimbursed under such fee schedule.
United States · United States Congress · 29 March 2001
Amends the Family and Medical Leave Act of 1993 to entitle an eligible employee to take leave because of the death of a spouse, in order to care for a child.
United States · United States Congress · 29 March 2001
Motor Vehicle Franchise Contract Arbitration Fairness Act of 2001 - Provides that whenever a motor vehicle franchise contract provides for the use of arbitration to resolve a controversy arising out of or relating to the contract, arbitration may be used to settle the controversy only if both parties consent in writing after such controversy arises. Requires the arbitrator to provide the parties with a written explanation of the factual and legal basis for the award.
United States · United States Congress · 29 March 2001
Deposit Insurance Stabilization Act - Amends the Deposit Insurance Funds Act of 1996 to make the effective date for the merger of the Bank Insurance Fund with the Savings Association Insurance Fund 60 days after the date of enactment of this Act. Amends the Federal Deposit Insurance Act to authorize the Board of Directors of the Federal Deposit Insurance Corporation to impose a fee upon an uninsured depository institution that experiences a net increase in new insured deposits in excess of a percentage the Corporation determines appropriate. Repeals the minimum assessment requirements for semiannual assessments under the risk-based assessment system for any depository insurance fund.
United States · United States Congress · 29 March 2001
Resource Efficient Appliance Incentives Act - Amends the Internal Revenue Code to establish a limited credit, for a limited time period, for producers of qualified energy efficient clothes washers and energy efficient refrigerators.
United States · United States Congress · 29 March 2001
Military Tax Credit Act of 2001 - Amends the Internal Revenue Code to provide that, in the case of an individual who is on active duty in the armed forces at any time during a taxable year, there shall be allowed a refundable tax credit of up to $4,000 (for a joint return). Provides for prorating such credit if such duty is less than a full year.
United States · United States Congress · 27 March 2001
Young Witness Assistance Act of 2001 - Authorizes the Director of the Bureau of Justice Assistance to make grants to State and local prosecutors and law enforcement agencies in support of juvenile (17 years of age or younger) and young adult (between 18 and 21 years of age) witness assistance programs. Authorizes grant funds to be used, among other things, for: (1) counseling services to young witnesses of a violent crime; and (2) protective services for young witnesses and their families when a serious threat of harm is made from perpetrators or their associates.
United States · United States Congress · 22 March 2001
Justice for United States Prisoners of War Act of 2001 - Requires any Federal court in which an action is brought against a Japanese national by a member of the U.S. armed forces seeking compensation for mistreatment or failure to pay wages in connection with labor performed in Japan for such national as a prisoner of war during World War II to: (1) apply the applicable statute of limitations of the State in which the action is pending; and (2) not construe a specified provision of the Treaty of Peace With Japan as a waiver by the United States of such claims. States that it is U.S. policy to ensure that any war claims settlement terms between Japan and any other country that are more beneficial than terms extended to the United States under the above Treaty are extended to the United States with respect to claims under this Act. Authorizes the Secretary of Veterans Affairs to secure information relating to chemical or biological tests conducted by Japan on members of the U.S. armed forces held as prisoners of war during World War II.
United States · United States Congress · 22 March 2001
Harold Hughes-Bill Emerson Substance Abuse Treatment Parity Act of 2001 - Amends the Public Health Service Act, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code to provide for parity in the application of treatment limitations and financial requirements to substance abuse treatment benefits under group health plans and individual health insurance coverage.
United States · United States Congress · 22 March 2001
Providing Annual Pap Tests to Save Women's Lives Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act, as amended by the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000, to extend coverage of screening pap smears and screening pelvic exams to annual examinations regardless of whether a woman is of childbearing age or at high-risk.
United States · United States Congress · 22 March 2001
Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to limit the late enrollment penalty to a ten percent increase in the monthly part B premium due over a period equal to twice the number of years that the part B beneficiary could have been but was not enrolled under Medicare part B.
United States · United States Congress · 22 March 2001
Dr. Martin Luther King, Jr., Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins emblematic of the life and works of Dr. Martin Luther King, Jr.
United States · United States Congress · 22 March 2001
No Child Left Behind Act of 2001 - Amends the Elementary and Secondary Education Act of 1965 (ESEA) to revise title I as Improving the Academic Performance of the Disadvantaged (currently Helping Disadvantaged Children Meet High Standards). Revises title I part A with respect to: (1) yearly testing and assessments of student performance; (2) Adequate Yearly Progress (AYP) standards; (3) identification of schools for improvement and corrective actions; (4) supplemental education services, or public (or private) school choice options under certain conditions, if a school fails repeatedly; (5) reporting to parents and the public on school performance and teacher quality; (6) State reservation of funds for school improvement; (7) formulas relating to Basic, Concentration, Targeted, and Education Finance Incentive Grants; and (8) eligibility requirements for schoolwide programs. Revises and reauthorizes title I provisions for: (1) the William F. Goodling Even Start Family Literacy Program; (2) Education of Migratory Children; (3) Neglected or Delinquent Youth; and (4) Federal evaluations and demonstrations. Establishes title I programs for: (1) Reading First and Early Reading First initiatives; and (2) Comprehensive School Reform. Rural Education Initiative Act - Revises, reauthorizes, and transfers to title I part G Rural Education Flexibility and Assistance, ESEA provisions for a Rural Education Initiative, with State formula grants for: (1) flexibility for small rural schools; and (2) assistance for low-income and rural schools. Revises ESEA title II as Preparing, Training, and Recruiting Quality Teachers to: (1) replace the current Eisenhower Professional Development and Class-Size Reduction programs; and (2) establish a teacher quality training and recruiting fund as a State formula grant program, with subgrants to LEAs, to support various similar and additional activities to improve elementary and secondary school teaching. Establishes a Mathematics and Science Partnerships subgrants program involving SEAs, higher education mathematics or science departments, and LEAs. Includes among authorized national teacher activities, administered by the Secretary, support for: (1) the Troops-to-Teachers program recruiting military retirees into teaching; and (2) innovative preretirement teacher certification programs for members of the Armed Forces. Eliminates an authorization for the Eisenhower National Clearinghouse for Math and Science Education. Sets forth title II part B, Teacher Liability Protection, to provisions to exempt teachers, administrators, and school board members from certain liability for actions taken in official capacity to maintain school discipline. Revises ESEA title III as Education of Limited English Proficient Children; Indian and Alaska Native Education (consolidating current title VII and title IX parts A and C). (Current title III Technology for Education programs are eliminated, but some similar activities are consolidated under the new title V part B.) English Language Proficiency and Academic Achievement Act - Sets forth a title III part A, Education of Limited English Proficient Children. Replaces the Bilingual Education Act programs, Foreign Language Assistance Program, and Emergency Immigrant Education Program with this program of formula grants to States for education of limited English proficient (LEP) children. Requires students who have been in U.S. schools for at least three years to be tested for reading in English. Sets forth certain language program exceptions for programs that serve Native American and Native Pacific Island children and children in the Commonwealth of Puerto Rico. Amends the Department of Education Organization Act to rename the Office of Bilingual Education and Minority Languages Affairs as the Office of Educational Services for Limited English Proficient Children. Reauthorizes and revises ESEA provisions for Indian and Alaska Native Education (currently under ESEA title IX parts A and C, but eliminates current title IX part B provisions for education of Native Hawaiians), under the new title III part B. Alaska Native Educational Equity Support and Assistance Act - Revises the Alaska Native Educational Equity Support and Assistance Act (currently under ESEA title IX part C). Amends the Education Amendments of 1978 to revise provisions for Bureau of Indian Affairs programs. Revises ESEA title IV as Promoting Informed Parental Choice and Innovative Programs. (Transfers parts of the current title IV to title V.) Revises and reauthorizes: (1) part A Innovative Programs (currently under title VI Innovative Education Program Strategies); (2) part B Public Charter Schools (currently under title X part C); and (3) part D Magnet Schools Assistance (currently under title V part A). Allows Innovative Program funds to be used for public (or private) school choice, under certain conditions, for disadvantaged students in failing schools. Establishes a part C Educational Opportunity Fund for competitive awards to eligible entities for school choice research and demonstration projects concerning the effectiveness of school choice programs in improving the academic performance of low-income students. Revises ESEA title V as Safe Schools for the 21st Century. (Eliminates current title V parts B and C provisions for Women's Educational Equity and for Assistance to Address School Dropout Problems.) Safe Schools for the 21st Century Act of 2001- Revises and reauthorizes title V part A, Supporting Drug and Violence Prevention and Education for Students and Communities (currently under title IV, Safe and Drug-Free Schools and Communities). Revises: (1) school safety programs; (2) national activities; and (3) gun-free school requirements (currently under title IX part F of ESEA, also known as the Gun-Free Schools Act). Requires drug and violence prevention programs to be consistent with certain principles of effectiveness. Requires States to establish policies providing public school choice (and private school choice if a safe public school cannot accommodate them) to students who attend persistently dangerous schools or who are victims of violent crimes in school or on school grounds. Allows States to carry out programs through grants and contracts with charitable, religious, and other private organizations, in addition to LEAs. Enhancing Education Through Technology Act of 2001 - Sets forth title V part B, Enhancing Education Through Technology which revises and reauthorizes some programs currently under title III Education for Technology and title X part I 21st Century Community Learning Centers. Consolidates such program activities for telecommunications and technology access into a formula grant program for State and local technology for success programs, and authorizes certain national technology initiatives. Sets forth title V part C Character Education programs (revises and expands a pilot project currently under title X part A). Revises and reauthorizes the Impact Aid Program as ESEA title VI (currently title VIII). Revises ESEA title VII as Flexibility and Accountability. Sets forth part A, State Accountability for Improving Academic Achievement. Authorizes various education performance awards for States and schools. Penalizes States that fail to achieve progress in certain educational assessments by reducing administrative funds under ESEA formula grant programs. Directs the Secretary to make: (1) awards to States for costs of developing certain additional required assessments and standards, administration of assessments and other accountability activities; and (2) bonus payments for development of such assessments ahead of deadline. Academic Achievement for All Act (Straight A's Act) - Sets forth ESEA title VII part B, Performance Agreements. Allows States a certain type of flexibility in consolidating and using specified formula program funds for State education priorities and programs, in exchange for being held accountable for meeting, in a five-year period, certain performance goals which they propose. State and Local Transferability Act - Sets forth ESEA title VII part C, Transferability of Funds. Authorizes State and LEA transfers of funds: (1) among specified ESEA formula grant programs; and (2) from such programs to their allocations for ESEA title I but does not allow transfer of title I funds to other programs. Revises as ESEA title VIII General Provisions (current title IX), including flexibility in the use of administrative and other funds, coordination of programs, consolidated plans and applications, waivers, uniform provisions, and evaluations. Sets forth the sense of the Congress regarding: (1) paperwork reduction; and (2) memorials. Prohibits: (1) use of Federal funds or sanctions for mandatory national certification of teachers and paraprofessionals; and (2) use of ESEA funds for federally-sponsored national testing, unless specifically authorized by law. Redesignates as ESEA title VIII parts H, I, J, and K, current ESEA title XIII provisions for: (1) Comprehensive Regional Assistance Centers; (2) National Diffusion Network; (3) Eisenhower Regional Mathematics and Science Education Consortia; and (4) Technology-Based Technical Assistance. Amends the National Education Statistics Act of 1994 with respect to State assessments. McKinney-Vento Homeless Education Assistance Improvement Act of 2001 - Amends the McKinney-Vento Homeless Assistance Act to revise and reauthorize provisions for education for homeless children and youth. Repeals provisions under the Goals 2000: Educate America Act for: (1) the National Education Goals Panel and the National Education Standards and Improvement Council; and (2) an International Education Program. Repeals the Troops-to-Teachers Program Act of 1999. Repeals the following ESEA provisions: (1) part B of title IX, education of Native Hawaiians; (2) title X, Programs of National Significance, including the Fund for the Improvement of Education and programs for gifted and talented children, arts in education, inexpensive book distribution, civic education, Ellender fellowships, urban and rural education assistance, and the national writing project; (3) title XI, Coordinated Services; and (4) title XII, School Facilities Infrastructure Improvement, a program of grants for school construction and renovation.
United States · United States Congress · 22 March 2001
Constitutional Amendment - Requires that any bill, resolution, or other legislative measure changing the internal revenue laws shall require for final adoption in each House the concurrence of two-thirds of the Members of that House voting and present, unless the bill is determined at the time of adoption, in a reasonable manner prescribed by law, not to increase the internal revenue by more than a de minimis amount. States that for purposes of determining any increase, there shall be excluded any increase resulting from the lowering of an effective rate of any tax. Requires journal entry of any vote. Permits the waiver of such requirement, for up to two years, if there is a declaration of war or if the United States is engaged in a military conflict which causes an imminent and serious threat to national security and is so declared by a joint resolution which becomes law.
United States · United States Congress · 22 March 2001
Urges Lebanon, Syria, and Iran to call upon Hezbollah to allow representatives of the International Committee of the Red Cross to visit four abducted Israelis, Adi Avitan, Binyamin Avraham, Omar Souad, and Elchanan Tannenbaum, presently held by Hezbollah forces in Lebanon.
United States · United States Congress · 21 March 2001
Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system. Establishes a Railroad Retirement Trust Fund and a Railroad Retirement Investment Trust to manage and invest Fund assets. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for transfer to the Fund of certain portions of the Railroad Retirement Account and of Social Security Equivalent Benefit account funds. Transfers to the disbursing agent from the Dual Benefits Payments Account the amount necessary to make dual benefit payments. Requires the Railroad Retirement Board (RRB) to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees. Amends the Internal Revenue Code to exempt the Fund from taxation. Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees. Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.
United States · United States Congress · 21 March 2001
Amends the Animal Welfare Act to eliminate the provision permitting interstate movement of live fighting birds if the fighting venture is to take place in a State allowing such fights.
United States · United States Congress · 21 March 2001
Declares Stefan Zajak and Teresa Bartoszewska-Zajak to be eligible for immigrant visas or adjustment of status to lawful permanent resident of the United States under the Immigration and Nationality Act.
United States · United States Congress · 21 March 2001
Supports the open letter released by Chinese dissidents and families of political prisoners stating that the release of China's political prisoners would improve Beijing's stature in its bid to host the 2008 Olympic Games. Expresses the view that the International Olympic Committee should not award the 2008 Olympics to Beijing unless the Government of the People's Republic of China releases all political prisoners, ratifies the International Covenant on Civil and Political Rights (ICCPR), implements the International Covenant on Economic, Social and Cultural Rights, and observes internationally recognized human rights. Calls for the creation of an international Beijing Olympic Games Human Rights Campaign in the event that Beijing receives the Olympics to focus international pressure on China to grant amnesty to all political prisoners before the Olympics commence. Requests the President, during the Asia-Pacific Economic Cooperation Leaders Summit, to call for the release of all Chinese political prisoners and Chinese ratification of the ICCPR. Recommends that the Congressional-Executive Commission on the People's Republic of China devote significant resources to monitoring any violations of the rights of political dissidents and prisoners or other increased human rights abuses in preparation for and during the 2008 Olympic Games.
United States · United States Congress · 21 March 2001
Authorizes the John F. Kennedy Center for the Performing Arts to sponsor free public performances on the East Front of the Capitol grounds at such dates and times as the Speaker of the House of Representatives and the Senate Committee on Rules and Administration jointly approve.
United States · United States Congress · 21 March 2001
Permits the National Fraternal Order of Police and its auxiliary to sponsor a free public event, the 20th annual National Peace Officers' Memorial Service, on the Capitol grounds on May 15, 2001.
United States · United States Congress · 21 March 2001
Calls for the Citizens' Stamp Advisory Committee of the U.S. Postal Service to recommend and the Postmaster General to issue a postage stamp to honor Hiram Bingham IV.
United States · United States Congress · 20 March 2001
FDA Tobacco Authority Amendments Act - Amends the Federal Food, Drug, and Cosmetic Act to, among other things: (1) include "nicotine in a tobacco product" in the definition of the term "drug" and to include "a tobacco product" in the definition of the term "device;" and (2) set forth provisions for tobacco products concerning special standards for such products, warnings regarding such products, and a rule of construction regarding farmers and related entities.
United States · United States Congress · 20 March 2001
Country of Origin Meat Labeling Act of 2001 - Amends the Agricultural Marketing Act of 1946 to require country of origin information to be provided by retailers of beef, pork, and lamb to consumers at the final point of sale. Exempts food service establishments from such requirement. States that U.S. designation of origin may only be used if the article is exclusively from an animal born raised, and slaughtered in the United States.
United States · United States Congress · 20 March 2001
Former Insurance Agents Tax Equity Act of 2001 - Amends the Internal Revenue Code and the Social Security Act with respect to the exemption from the self-employment tax for certain termination payments received by former insurance salesmen. Repeals the requirement that the amount of such a payment not depend to any extent on length of service or overall earnings from services performed for the former insurance company.
United States · United States Congress · 20 March 2001
Expresses the sense of Congress that: (1) the Government of the People's Republic of China should stop persecution of all religious practitioners and safeguard fundamental human rights; and (2) the U.S. Government should continue to insist that China adhere to such rights. Urges the Chinese Government to: (1) release from detention all religious practitioners, Falun Gong members, and prisoners of conscience and end torture and other cruel, inhuman, and degrading treatment; (2) allow the Chinese people to pursue their personal beliefs; and (3) adhere to the International Covenants on Civil and Political Rights and on Economic, Social, and Cultural Rights.
United States · United States Congress · 19 March 2001
Investor and Capital Markets Fee Relief Act - Amends the Securities Exchange Act of 1934 to reduce mandatory transaction fees pertaining to: (1) exchange-traded securities; (2) off-exchange trades of exchange-registered and last-sale-reported securities; (3) stock repurchase statements; and (4) proxy solicitations and statements in corporate control transactions. Replaces the fee structure for off-exchange trades of last-sale-reported securities with a fee structure for off-exchange trades of exchange-registered and last-sale-reported securities. Provides that the fees so collected shall: (1) be deposited and credited as offsetting collections to the account providing appropriations to the Securities and Exchange Commission (SEC); and (2) not be deposited and credited as general revenue of the Treasury. Amends the Securities Act of 1933 to: (1) reduce registration fees; and (2) reflect the provisions of this Act. Amends the Trust Indenture Act of 1939 to terminate the mandatory application filing fee. Sets forth requirements for pay parity for SEC employees.
United States · United States Congress · 19 March 2001
Assistant United States Attorneys Retirement Benefit Equity Act of 2001 - Makes applicable to Assistant United States Attorneys the provisions of the Civil Service Retirement System and the Federal Employees Retirement System that apply to Federal law enforcement officers. Directs the Department of Justice to provide notice to incumbent Assistant U.S. Attorneys as to their election rights under this Act and the effects of making or not making a timely election under this Act. Allows such incumbents to elect the option to be treated either: (1) in accordance with the amendments made by this Act; or (2) as if this Act had never been enacted.
United States · United States Congress · 19 March 2001
Access to Innovation for Medicare Patients Act of 2001- Amends title XVIII (Medicare) of the Social Security Act, as amended by the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000, to provide for Medicare coverage of self-injected biologicals approved by the Food and Drug Administration that are prescribed as a complete replacement for a drug or biological that otherwise cannot be self-administered.
United States · United States Congress · 15 March 2001
Great Lakes Legacy Act of 2001 - Amends the Federal Water Pollution Control Act to authorize the Administrator of the Environmental Protection Agency, acting through the Great Lakes National Program Office, to make grants for projects that: (1) monitor or evaluate contaminated sediment; (2) remediate contaminated sediment; or (3) prevent further or renewed contamination of sediment. Authorizes the Administrator to conduct research on innovative approaches, technologies, and techniques for the remediation of sediment contamination in areas of concern in the Great Lakes.
United States · United States Congress · 15 March 2001
Accountability for Presidential Gifts Act - Directs the Archivist of the United States to maintain a current inventory of all presidential gifts. Requires the head of a Federal office or agency to report any information regarding a presidential gift to the Archivist. Requires the Archivist to: (1) make inventory information available to the public; and (2) report to specified congressional committees on each proposed disposition of a presidential gift other than a gift from a relative or a gift having a value of less than $250.
United States · United States Congress · 15 March 2001
America's Better Classroom Act of 2001 - Amends the Internal Revenue Code to establish a limited credit for qualified public school modernization bonds (qualified school construction bonds and qualified zone academy bonds). Amends the General Education Provisions Act to provide for the application of certain labor standards to projects financed under this Act. Amends the Workforce Investment Act of 1998 to establish provisions concerning employment and training activities related to the construction or reconstruction of public school facilities.
United States · United States Congress · 15 March 2001
Marriage Tax Elimination Act of 2001 - Amends the Internal Revenue Code (IRC) to provide that the basic standard deduction on a joint return shall be equal to 200 percent of the dollar amount of an individual who is not married. Provides a schedule for making, by 2005, the maximum taxable income in the lowest married bracket equal to double the maximum taxable income in the lowest single filer bracket. Increases the earned income credit phaseout amount on a joint return by $2,000. Revises IRC provisions relating to limitation based on tax liability and the definition of such liability to provide that the aggregate amount of credits allowed as nonrefundable personal credits shall not exceed the sum of: (1) the taxpayer's regular tax liability for the taxable year reduced by the foreign tax credit; and (2) the tax imposed by the alternative minimum tax.
United States · United States Congress · 14 March 2001
Railroad Track Modernization Act of 2001 - Amends Federal rail transportation law to direct the Secretary of Transportation to establish a program of capital grants to Class II and Class III railroads to rehabilitate, preserve, or improve railroad track (including roadbed, bridges, and related track structures) used primarily for freight transportation to a standard to accommodate 286,000 pound rail cars in a safe and efficient manner. Authorizes the Secretary to also make grants to supplement direct loans or loan guarantees (including for paying credit risk premiums, lowering rates of interest, or providing for a holiday on principal payments) for projects primarily benefitting non-Class I freight railroad carriers. Sets forth certain prevailing wage requirements with respect to projects financed by such grants.
United States · United States Congress · 14 March 2001
Prohibits any drilling activity (including any slant or directional drilling) to extract oil or gas from submerged lands in any of the Great Lakes. Authorizes the Attorney General to enforce such prohibition.
United States · United States Congress · 14 March 2001
Voting Equipment Modernization Act of 2001 - Amends the Internal Revenue Code to permit, for a two year period, taxpayers to check-off one dollar to be paid into the Election Administration Improvement Fund (established by this Act) which shall provide funding to States for carrying out activities to improve the administration of elections for Federal office, including the purchase and maintenance of improved voting equipment and technology.
United States · United States Congress · 14 March 2001
Conduit Contribution Prevention Act of 2001 - Amends the Federal Election Campaign Act of 1971 to increase civil money and criminal penalties for knowing and willful violations of the prohibition against making or accepting contributions in the name of another. Sets both civil and criminal fines at not less than 300 percent of the amount involved in the violation and not more than the greater of $50,000 or 1,000 percent of such amount. Mandates a criminal fine or two years' imprisonment, or both. Limits criminal penalties to violations involving an amount aggregating $1,000 or more during a calendar year. Changes from discretionary to mandatory the authority of the Federal Election Commission to refer to the Attorney General any instance of probable cause that a violation of such prohibition has occurred. Revises the current ban on contributions by foreign nationals to encompass all disbursements by foreign nationals, including any disbursement to a political committee of a political party and any disbursement for an independent expenditure.
United States · United States Congress · 14 March 2001
Quality Cheese Act of 2001 - Amends the Federal Food, Drug, and Cosmetic Act to prohibit: (1) using Federal funds to amend specified regulations to include dry ultra-filtered milk, milk protein concentrates, or casein in the definition of "milk" or "nonfat milk" as specified in the domestic natural standards for cheese and cheese products; and (2) amending such regulations and definitions to include wet ultra-filtered milk until 60 days after submission of the study required by this Act. Requires a study of the impact of wet ultra-filtered milk's use on dairy farmers.
United States · United States Congress · 14 March 2001
Comprehensive Retirement Security and Pension Reform Act of 2001 - Amends the Internal Revenue Code (the Code) with respect to pensions. (All the following are amendments to the Code, except where the Employee Retirement Income Security Act of 1974, ERISA, is mentioned.) Increases: (1) annual dollar Individual Retirement Account (IRA) contribution limits; and (2) benefit and contribution limits, with indexes for inflation. Revises requirements relating to: (1) plan loans for subchapter S owners, partners, and sole proprietors; and (2) specified top-heavy rules. Provides that elective deferrals shall not be taken into account for purposes of limits on certain plan contributions. Repeals specified coordination requirements for deferred compensation plans of State and local governments and tax-exempt organizations. Revises certain deduction limits for stock bonus and profit sharing trusts and for defined contribution plans. Provides for optional treatment of elective deferrals as after-tax contributions. Allows individuals age 50 or older to make additional contributions to an applicable employer plan (section 401(k) or similar plan). Sets forth requirements relating to equitable treatment for contributions of employees to defined contribution plans. Provides for faster vesting of certain employer matching contributions under the Code and ERISA. Revises: (1) minimum distribution rules; (2) requirements relating to tax treatment of division of section 457 plan benefits upon divorce; and (3) provisions for safe harbor relief for hardship withdrawals from 401(k) plans. Permits, under certain conditions, rollovers: (1) from and to various types of plans; (2) of IRAs into workplace retirement plans; and (3) of after-tax contributions in an exempt trust. Sets forth a hardship exception to the 60-day rule. Sets forth requirements for treatment of forms of distribution available under transferor and transferee plans under the Code and ERISA. Revises restrictions on distributions, including the same desk exception. Allows trustee-to-trustee transfers to purchase permissive service credit with respect to governmental defined benefit plans. Allows employers to disregard rollovers for purposes of cash-out amounts, under retirement plan provisions of the Code. Revises minimum distribution and inclusion requirements for section 457 plans. Repeals, for plan years beginning in 2004 and following years, the current liability full funding limit under the Code and ERISA. Revises maximum contribution deduction rules, and applies them to all defined benefit plans. Allows an employer, in determining the amount of nondeductible contributions for any taxable year, to elect not to take into account any contributions to a defined benefit plan except to the extent they exceed the full-funding limitation. Establishes an excise tax for the failure of a defined benefit plan or an individual account plan (except governmental, church, and other specified plans) subject to minimum funding standards to meet specified notice requirements, under the Code and ERISA, for plan amendments which significantly reduce benefit accruals. Makes certain compensation limitations for defined benefit plans inapplicable to governmental and multiemployer plans. Prohibits combining or aggregating a multiemployer plan with any other plan maintained by the employer for the purpose of applying such limitations. Amends the Taxpayer Relief Act of 1997 to protect the investment of employee contributions to 401(k) plans by providing that specified requirements apply to elective deferrals for plan years beginning after December 31, 1998. Requires that pension benefit statements be furnished annually (once every three years for defined benefit plans) or on request. Establishes an excise tax for certain prohibited allocations of stock in an S corporation ESOP. Revises Code and ERISA requirements relating to timing of plan valuations. Allows applicable dividends of ESOPs to be reinvested without loss of dividend deduction. Repeals a transition rule relating to certain highly compensated employees under the Tax Reform Act of 1986. Directs the Secretary to modify specified regulations with respect to certain plan participation by employees of tax-exempt entities. Treats the provision of certain retirement planning services by an employer for an employee as a de minimis fringe benefit to the extent it is not treated as a working condition fringe. Directs the Secretary of the Treasury to provide simplified annual filing requirements for retirement plans with assets below a specified amount, if they cover: (1) one participant (an owner and spouse); or (2) fewer than 25 employees. Directs the Secretary to continue to update and improve the Employee Plans Compliance Resolution System, or any successor program. Repeals a multiple use test. Allows certain alternative ways of satisfying nondiscrimination, coverage, and line of business rules. Exempts plans maintained by any governmental entity from certain nondiscrimination rules. Directs the Secretary to modify specified regulations relating to the notice and consent period regarding distributions. Revises ERISA provisions relating to: (1) annual report dissemination; (2) the National Summit on Retirement Savings; (3) missing participants; (4) Pension Benefit Guaranty Corporation (PBGC) reduction of premiums for new plans of small employers and of additional premiums for new and small plans; (5) PBGC authority to pay interest on premium overpayment refunds; (6) substantial owner benefits in terminated plans; (7) civil penalties for breach of fiduciary responsibility; and (8) benefit suspension notices. Prescribes time requirements for plan amendments or annuity contract amendments.
United States · United States Congress · 14 March 2001
Death Tax Elimination Act - Repeals the estate tax, gift tax, and the tax on generation-skipping transfers, effective January 1, 2011. Provides for annual reductions of the tax until such date. Increases the unified estate and gift tax credit to $1.3 million. Repeals the estate and gift tax provisions applicable to family-owned businesses. Amends provisions concerning the special rules for allocation of the generation-skipping tax (GST) exemption to provide, as a general rule, that: (1) if any individual makes an indirect skip during such individual's lifetime, any unused portion of such individual's GST exemption shall be allocated to the property transferred to the extent necessary to make the inclusion ratio for such property zero; and (2) if the amount of the indirect skip exceeds such unused portion, the entire unused portion shall be allocated to the property transferred. Declares that, if a trust is severed in a qualified severance, the trusts resulting from such severance shall be treated as separate trusts thereafter. Revises valuation rules for gifts for which a gift tax return was filed or deemed allocation made. Provides that, if an allocation of the GST exemption to any transfers of property is deemed to have been made at the close of an estate tax inclusion period, the value of the property shall be its value at such time. Directs the Secretary of the Treasury to prescribe circumstances and procedures under which extensions of time will be granted to make an allocation of GST exemption or an election not to apply specified allocation requirements to certain lifetime direct skips, indirect skips, or transfers to a particular trust. Increases the permissible number of partners or shareholders in a closely held business for purposes of eligibility for an extension of estate tax payments.
United States · United States Congress · 13 March 2001
Budget Responsibility and Efficiency Act of 2001 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget processes by establishing a two-year budgeting and appropriations cycle and timetable. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Conforms provisions of the Rules of the House of Representatives, provisions governing the President's budget, and requirements for certain strategic and performance plans and reports to the biennial framework. Provides a point of order against any measure that contains a specific authorization of appropriations unless such authorization is for each fiscal year in a biennium. Requires the President's budget submission for FY 2004 to identify budget accounts for which an appropriation should be made for each fiscal year of the FY 2004-2005 biennium. Directs congressional committees, during the 108th Congress, to work with the Comptroller General to develop plans to transition program authorizations to a multi-year schedule. Sets forth additional transition requirements. Makes this Act applicable to budget resolutions and appropriations for the biennium beginning with FY 2006.
United States · United States Congress · 13 March 2001
Small Business and Farm Energy Emergency Relief Act of 2001 - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make disaster loans to assist small businesses that have suffered or are likely to suffer substantial economic injury as the result of a sharp and significant increase in the price of heating fuel or electricity. Prohibits any such loan from being made if the total amount outstanding and committed to the borrower would exceed $1.5 million, unless the applicant is a major source of employment in its surrounding area. Requires, for such assistance: (1) a declaration of a disaster by the President or the SBA Administrator; or (2) a certification from the Governor of the State that its small businesses have suffered such economic injury and are in need of assistance which is not otherwise available. Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans to farm operations that qualify as a small business and have or are likely to suffer substantial economic injury from a sharp and significant increase in energy costs or input costs from energy sources occurring after June 1, 2000, in connection with an energy emergency declared by the President or the Secretary.
United States · United States Congress · 13 March 2001
Good Samaritan Hunger Relief Tax Incentive Act - Amends the Internal Revenue Code to set forth a special rule allowing a charitable deduction for contributions of food inventory.