United States · United States Congress · 3 October 2001
Adoption Information Act - Amends the Public Health Service Act to limit grants or contracts for family planning service projects or programs to projects or program that will provide a pamphlet containing a comprehensive list of adoption centers in that State.
United States · United States Congress · 2 October 2001
Price-Anderson Reauthorization Act of 2001 - Amends the Atomic Energy Act of 1954 to extend from 2002 to 2017 the indemnification authority of the Nuclear Regulatory Commission (NRC) and the Secretary of Energy with respect to certain licensees, Department of Energy (DOE) contractors, and nonprofit educational institutions, respectively. Increases the maximum amount of standard deferred premium that may be charged a licensee following a nuclear incident. Specifies the aggregate amount by which the Secretary must indemnify DOE contractors above the amount of financial protection required for each nuclear incident. Increases the indemnification limits for incidents outside the United States. Revises inflation adjustment provisions. Instructs the NRC to consider a combination of modular reactors at a single site, each of which has between 100,000 and 300,000 electrical kilowatts (but a combined rated capacity of no more than 950,000 kilowatts), as a single facility having a rated capacity of 100,000 electrical kilowatts or more.
United States · United States Congress · 25 September 2001
Aviation Security Act - Amends Federal transportation law to establish within the Federal Aviation Administration (FAA) a Deputy Administrator for Aviation Security who shall be responsible for aviation-related security at all U.S. airports and air navigation facilities involved in interstate or intrastate air transportation by civil aircraft. Establishes the Aviation Security Coordination Council, which shall, among other things, coordinate intelligence, security, and criminal enforcement activities affecting the safety and security of aviation at all U.S. airports and air navigation facilities involved in interstate or intrastate air transportation by public aircraft. Sets forth requirements to: (1) prohibit access to the flight deck (cockpit) of commercial aircraft by any person other than a flight deck crew member; (2) require the strengthening of the cockpit door and locks to prevent entry into such area by non-flight deck crew members (including requiring commuter aircraft that do not have doors to get doors to prevent public access to the cockpit area); (3) provide for random deployment of Federal marshals on domestic commercial air passenger flights and all international flights on U.S. carriers into or out of the United States (including requirements for background and fitness checks and training); (4) federalize airport security operations by deploying law enforcement personnel at each airport (including armed personnel at airport security screening locations of the 100 largest airports); (5) train flight crews in anti-hijacking procedures; (6) make the FAA responsible for screening of air passengers and property boarding each aircraft; (7) establish a program to hire and train airport security screening personnel; (8) require criminal background checks of heavy plane flight training applicants; and (9) collect a $1 per-one-way revenue passenger user (security) fee from commercial air carriers.
United States · United States Congress · 25 September 2001
Prohibits cargo transported by commercial motor vehicle (including cargo transported by vessel) from entering the United States from Canada or Mexico unless the Customs Service or other appropriate U.S. officer or employee has inspected such cargo to ensure that it complies with U.S. laws.
United States · United States Congress · 21 September 2001
Amends the Internal Revenue Code to deny tax exempt status to an organization if: (1) a substantial part of the activities of such organization consists of carrying on propaganda, or otherwise attempting, to influence legislation, but only if such organization normally makes lobbying expenditures in excess of an amount equal to 20 percent of such organization's annual gross revenues; (2) the organization participates in, or intervenes in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office, but only if such organization normally makes expenditures for such purpose in excess of an amount equal to 5 percent of such organization's annual gross revenues; or (3) the aggregate of the expenditures described above in clause (1) and the expenditures described in clause (2) which such organization normally makes exceeds an amount equal to 20 percent of such organization's annual gross revenues.
United States · United States Congress · 20 September 2001
Authorizes the President to award posthumously the Congressional Gold Medal to the people aboard United Airlines Flight 93 who helped resist the hijackers and caused their plane to crash prematurely on September 11, 2001.
United States · United States Congress · 20 September 2001
September 11th Families Stamp Act - Directs the U.S. Postal Service to issue a semipostal (first-class postage stamp sold at a premium) with the proceeds from its sale going to the September 11th Families Fund to provide assistance, through the Office for Victims of Crime, Department of Justice, to the families of individuals who were killed in the terrorist attacks against the United States on September 11, 2001. Establishes the September 11th Families Fund.
United States · United States Congress · 2 August 2001
Sound Science for Endangered Species Act Planning Act of 2001 - Amends the Endangered Species Act of 1973 to direct the Secretary of the Interior to: (1) give greater weight to scientific and commercial data that is empirical or that has been field-tested or peer-reviewed in determining that a species is an endangered or threatened species; and (2) promulgate regulations that establish criteria for data to be used as the basis of such a determination. Prohibits the Secretary from determining that a species is endangered or threatened unless the determination is supported by data obtained by observation of the species in the field. Requires the Secretary to accept, acknowledge receipt of, and include in the rulemaking record of such a determination data collected by landowners through observation of the species on the land. Requires the Secretary to publish with the notice of a proposed regulation a description of additional scientific and commercial data that would assist in the preparation of a recovery plan, invite any person to submit such data, and describe the steps for acquiring additional data. Directs the Secretary: (1) to solicit recommendations from the National Academy of Sciences and develop a list of qualified reviewers to participate in independent scientific review actions; (2) before any proposed action becomes final, to appoint from such list three individuals who shall report on the scientific information and analyses on which such action is based; and (3) to include such report in the official record of the proposed action. Requires the Secretary, in consulting with each Federal agency and the affected States to insure that any agency action is not likely to jeopardize any endangered or threatened species or destroy the species' habitat, to: (1) consider information provided by such States; and (2) provide any person who has sought authorization or funding from a Federal agency for an action the opportunity to submit, discuss, and receive information relevant to the draft biological opinion.
United States · United States Congress · 2 August 2001
Medicare Medical Savings Account (MSA) Expansion Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to repeal the sunset date for, and numerical limitation on, Medicare participation in Medicare+Choice medical savings account (MSA) plans under Medicare part C (Medicare+Choice). (Thus terminates the demonstration basis for MSA plans, makes authority for them permanent, and the number of enrollees without a ceiling.)
United States · United States Congress · 2 August 2001
Post-Abortion Depression Research and Care Act - Requires the Secretary of Health and Human Services, acting through the Director of the National Institutes of Health and the Director of the National Institute of Mental Health, to expand and intensify research and related activities of the Institute with respect to post-abortion depression and post-abortion psychosis. Requires the Director of the National Institute of Mental Health to: (1) conduct or support research to expand the understanding of the causes of, and to find a cure for, post-abortion conditions; and (2) conduct a national longitudinal study to determine the incidence and prevalence of cases of post-abortion conditions, and the symptoms, severity, and duration of such cases, toward the goal of more fully identifying the characteristics of such cases and developing diagnostic techniques. Requires the Secretary to make grants of up to $100,000 per fiscal year, under specified conditions, to provide for projects for the establishment, operation, and coordination of effective and cost-efficient systems for the delivery of essential services to individuals with post-abortion depression or post-abortion psychosis.
United States · United States Congress · 2 August 2001
Date Certain Tax Code Replacement Act - Prohibits the imposition of any tax by the Internal Revenue Code: (1) for any taxable year beginning after December 31, 2005; and (2) in the case of any tax not imposed on the basis of a taxable year, on any taxable event or for any period after December 31, 2005. Excepts the: (1) tax on self-employment income (chapter 2 of the Code); (2) Federal Insurance Contributions Act (chapter 21 of the Code); and (3) Railroad Retirement Tax Act (chapter 22 of the Code). Establishes the National Commission on Tax Reform and Simplification to review: (1) the present structure and provisions of the Code; (2) whether the tax systems of other countries could provide more efficient and fair methods of funding government revenue requirements; (3) whether the income tax should be replaced with a tax imposed in a different manner or on a different base; and (4) whether the Code can be simplified, absent wholesale restructuring or replacement. Requires a Commission report to Congress on review results, with recommendations for Code reform and simplification. Terminates the Commission 90 days after such report. Authorizes appropriations (with interim funding). Declares that any new Federal tax system should be approved by Congress in its final form before July 4, 2005, and, if not, Congress should be required to vote to reauthorize the Code.
United States · United States Congress · 1 August 2001
Military Retiree Veterans Health Care Eligibility Act - Directs the Secretary of Veterans Affairs to furnish hospital care and medical services, and authorizes the Secretary to provide nursing home care, to military retirees on the same basis as such services are provided to former prisoners of war.
United States · United States Congress · 1 August 2001
Mass Immigration Reduction Act of 2001 - Provides that during a specified immigration moratorium period: (1) employment-based immigrant visas shall be reduced, and family-sponsored and diversity immigrant visas shall be eliminated; (2) immigrant status shall be granted only to children and spouses of U.S. citizens or priority workers; (3) refugee admissions and asylee adjustments shall be limited to 25,000 per year; and (4) an alien shall be required to renounce citizenship or nationality of any other country in order to be naturalized as a U.S. citizen.
United States · United States Congress · 26 July 2001
National Uniformity for Food Act of 2001 - Amends the Federal Food, Drug, and Cosmetic Act (FDCA) to prohibit any State or political subdivision from establishing or continuing in effect as to any food in interstate commerce any requirement for food that is not identical to specified FDCA provisions. Prohibits any State or political subdivision from establishing or continuing in effect any notification requirement for a food that provides for a warning concerning the food's safety that is not identical to FDCA provisions. Allows current State notification or food safety requirements to continue for 180 days after the enactment of this Act, during which such State may petition for an exemption or a new national standard. Allows a State to petition for an exemption and for a national standard regarding any requirement under the FDCA, as amended by this Act, or the Fair Packaging and Labeling Act relating to food regulation. Allows a State to establish a requirement that would otherwise violate FDCA provisions relating to national uniform nutrition labeling or this paragraph if the requirement is needed to address an imminent hazard to health that is likely to result in serious adverse health consequences and if other requirements are met.
United States · United States Congress · 24 July 2001
Patient Privacy Act of 2001 - Amends part C (Administrative Simplification) of title XI of the Social Security Act (SSA) to repeal: (1) the requirement of unique health identifiers for each individual, employer, health plan, and health care provider; and (2) penalties for wrongful disclosure of unique health identifiers. Prohibits the expenditure of Federal funds to develop or implement any database or other system of records containing personal medical information of any U.S. citizen, or to collect medical records for the purpose of storing them in a database or other system of records, with specified exceptions including part A (Hospital Insurance) or part B (Supplementary Medical Insurance) of the Medicare program under SSA title XVIII and the Medicaid program under SSA title XIX.
United States · United States Congress · 24 July 2001
Amends the Trade Act of 1974 to extend for an additional 26 weeks (130 weeks in total) the permissible maximum period for payment of trade adjustment assistance to adversely affected workers who require a program of remedial education to complete their job training.
United States · United States Congress · 19 July 2001
Bipartisan Patient Protection Act - Amends the Public Health Service Act, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code with respect to health care coverage. Requires group health plans and health insurance issuers providing health insurance coverage to have approved utilization review programs, claims procedures, and appeal procedures concerning claims denials. Sets forth provisions concerning group health plans and health insurers and the provision of certain advice and care, including: (1) emergency care; (2) obstetric and gynecological care; (3) specialists care; (4) prescription drugs; (5) participation in approved clinical trials; and (6) health plan information. Restricts interference by health plans and insurers with the doctor-patient relationship. Prohibits health plans and insurers from discriminating against a licensed health care professional with respect to participation or indemnification. Extends and expands provisions of the medical savings account program. Provides for: (1) the deduction of 100 percent of the health insurance costs of the self-employed; and (2) a credit for the health insurance expenses of small businesses.
United States · United States Congress · 18 July 2001
Expresses the sense of Congress that the Government of the People's Republic of China should cease its persecution of Falun Gong practitioners. Calls for the U.S. Government to urge the Chinese Government to: (1) release from detention all Falun Gong practitioners and end the torture and other cruel, inhumane, and degrading treatment of such practitioners and other prisoners of conscience; and (2) abide by the International Covenant on Civil and Political Rights and the Universal Declaration of Human Rights by allowing Falun Gong practitioners to pursue their personal beliefs.
United States · United States Congress · 17 July 2001
Training for Closed Captioners Act of 2001 - Directs the Secretary of Labor to provide grants to no more than 20 eligible entities (approved and accredited court reporting programs) to promote the training of students to become realtime closed captioners. Limits to $1 million the amount of a grant provided to an entity in a fiscal year.
United States · United States Congress · 11 July 2001
Wage Equity Act of 2001 - Amends the Immigration and Nationality Act to include among the conditions of approval of an H-2A (visa) temporary agricultural worker petition the requirement that an employer may not be required to pay workers more than the greater of: (1) the prevailing wage for seasonal agricultural workers in the occupation in the area of intended employment; or (2) the greater of Federal or State minimum wage.
United States · United States Congress · 28 June 2001
Houses of Worship Political Speech Protection Act - Amends the Internal Revenue Code to permit a church to participate or intervene in a political campaign and maintain its tax-exempt status as long as such participation is not a substantial part of its activities.
United States · United States Congress · 28 June 2001
Amends the Energy Policy Act of 1992 to authorize increased appropriations for reimbursement of thorium licensees. Amends the Atomic Energy Act of 1954 to mandate increased deposits for the Uranium Enrichment Decontamination and Decommissioning Fund.
United States · United States Congress · 28 June 2001
Campaign Reform and Citizen Participation Act of 2001 - Amends the Federal Election Campaign Act of 1971 to: (1) establish specified restrictions on soft money of national political parties, including a $75,000 per donor annual limit; (2) increase specified contribution limits and related indexing; (3) extend to national committees of a political party the current exemption of State and local political party committee costs of volunteer campaign materials from treatment as contributions and expenditures; and (4) require disclosure of information on certain communications broadcast prior to election, and on targeted mass communications.
United States · United States Congress · 28 June 2001
Expresses the sense of Congress that there should be established a National Community Health Center Week to raise awareness of health services provided by community, migrant, public housing, and homeless health centers.
United States · United States Congress · 27 June 2001
High-Speed Rail Investment Act of 2000 - Amends the Internal Revenue Code to allow a limited tax credit to holders of qualified Amtrak bonds. Sets forth definitions, State contribution requirements, and other rules. Requires approval, by the Secretary of Transportation, of qualified Amtrak projects funded by such bonds.
United States · United States Congress · 27 June 2001
Amends the Internal Revenue Code to permit rural mail carriers to treat qualified vehicle expenses in excess of reimbursements as miscellaneous itemized deductions.
United States · United States Congress · 19 June 2001
Models of Safety and Health Excellence Act of 2001 - Directs the Secretary of Labor to establish voluntary protection programs to promote and recognize the achievement of worksites that demonstrate excellence in workplace health and safety. Authorizes the Secretary, in limited situations, to alter program application requirements to include nonstandard worksites such as short-term construction sites and mobile worksites. Directs the Secretary to encourage: (1) program participants to share occupational safety and health expertise with other employers; (2) the participation of small business in the programs, through outreach and assistance initiatives and program requirements that address the needs of small businesses. Authorizes the Secretary to provide for development of equivalent programs in State-plan States under the Occupational Safety and Health Act of 1970 (OSHA). Sets forth program requirements for applications, on-site evaluations, information, and reevaluations. Exempts worksites participating in the program from inspections or investigations under OSHA, except inspections or investigations arising from employee complaints, fatalities, catastrophes, or significant toxic releases. Requires decisions regarding acceptance into, and continued participation in, the program to be based on the applicant's superior safety and health performance, as determined by, and in the sole discretion of, the Secretary or the Secretary's authorized representatives.
United States · United States Congress · 19 June 2001
Medicare Dialysis Benefit Improvement Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act to provide for: (1) payment under the Medicare Program for four hemodialysis treatments per week for specified patients; and (2) an increased update in the composite payment rate for renal dialysis treatments for FY 2002. Amends the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 to restore a specified exception to renal dialysis composite rate under rate update provisions.
United States · United States Congress · 14 June 2001
Born-Alive Infants Protection Act of 2001 - Directs that in determining the meaning of any Act of Congress or of any ruling, regulation, or interpretation of the various U.S. administrative bureaus and agencies, the words "person," "human being," "child," and "individual" shall include every infant member of the species homo sapiens who is born alive (as defined in this Act) at any stage of development.
United States · United States Congress · 14 June 2001
Softwood Lumber Fair Competition Act - Directs the President to impose quotas, tariff surcharges, negotiated enforceable voluntary export restraint agreements, or other measures on imports of Canadian softwood lumber products to ensure that the volume of such products during any month does not exceed the average volume of such import that was imported monthly during the 24-month period preceding December 1995. Directs the Secretary of the Treasury and the Secretary of Commerce to implement a program for administering and enforcing such import restrictions. Authorizes the President to waive such restrictions provided certain conditions have been met.
United States · United States Congress · 14 June 2001
Recognizes, on the occasion of the fifth anniversary of the terrorist bombing of the Khobar Towers in Saudi Arabia, the sacrifice of the 19 servicemen who died in that attack. Calls upon every American to pause and pay tribute to these brave soldiers and to remain ever vigilant for signs which may warn of a terrorist attack.
United States · United States Congress · 12 June 2001
Amends the Internal Revenue Code to permit: (1) Federal civilian and military retirees to pay Federal Employees Health Benefits Program and TRICARE supplemental premiums on a pretax basis; and (2) a deduction (available to itemizers and nonitemizers) for TRICARE supplemental premiums and enrollment fees.
United States · United States Congress · 7 June 2001
Medicare Medical Nutrition Therapy Amendment 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 coverage of medical nutrition therapy services for certain Medicare beneficiaries with cardiovascular diseases.
United States · United States Congress · 7 June 2001
Responsible Stem Cell Research Act of 2001- Directs the Secretary of Health and Human Services to establish by contract a National Stem Cell Donor Bank to preserve qualifying human stem cells and make such cells available for biomedical research and therapeutic purposes. Authorizes the Secretary, through the National Institutes of Health, to conduct and support human stem cell research.
United States · United States Congress · 7 June 2001
Honors the: (1) service and commitment of the citizen-soldiers of the Army National Guard units deployed in support of Army operations in Bosnia; and (2) sacrifices made by families and employers of members of such units. Recognizes the importance of: (1) the deployment of the 48th Infantry Brigade in March 2001; and (2) the National Guard and Reserve to U.S. security. Expresses support for providing the necessary resources to ensure the continued readiness of the National Guard and Reserve.
United States · United States Congress · 6 June 2001
Sales Incentive Compensation Act - Amends the Fair Labor Standards Act of 1938 to exempt from minimum wage recordkeeping and overtime compensation requirements any employee in a sales position, if the employee has: (1) specialized or technical knowledge related to products or services being sold; (2) sales which are predominantly made to persons to whom any employee in the sales position has made previous sales, or without the employee's having initiated the sales contact; (3) a detailed understanding of customers' needs, and discretion in offering a variety of products and services; and (4) a certain minimum rate of base compensation, and certain levels of additional compensation based on sales attributable to the employee. Makes this Act inapplicable to individuals employed as route sales drivers.
United States · United States Congress · 6 June 2001
The TRICARE Retirees Opportunity Act of 2001 - Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to: (1) waive the Medicare part B late enrollment penalty for military retirees who enroll by December 31, 2002; and (2) direct the Secretary of Health and Human Services to provide for a special enrollment period in the case of any such individual eligible to enroll, but who is not enrolled, under Medicare part B with such period to end on December 31, 2002.
United States · United States Congress · 5 June 2001
Government Neutrality in Contracting Act - Directs the head of any Federal agency that awards or obligates funds for any construction contract, or that awards grants, provides financial assistance, or enters into cooperative agreements for construction projects, to ensure that bid specifications, project agreements, or other controlling documents do not: (1) require or prohibit a bidder, offeror, contractor, or subcontractor from entering into, or adhering to, agreements with labor organization, with respect to that construction project or another related construction project; or (2) otherwise discriminate against such a party because it did or did not become a signatory or otherwise adhere to such an agreement. Allows exemptions to avert an imminent threat to public health or safety or to serve national security. Allows additional exemptions for certain projects. Directs the Federal Acquisition Regulatory Council to amend the Federal Acquisition Regulation to implement this Act with respect to the applicable Federal contracts.
United States · United States Congress · 25 May 2001
Protection of Lawful Commerce in Arms Act - Amends the Organic Act to direct the Secretary of Commerce to establish and maintain a list of each person that notifies the Secretary that it is a manufacturer or seller that is: (1) licensed to engage in interstate or foreign commerce of a firearm or ammunition product; or (2) is a trade association representing such manufacturers or sellers. Declares that any lawful conduct carried out by a manufacturer or seller in interstate or foreign commerce of a firearm or ammunition product, or lawful conduct carried out by a trade association in the course of representing such manufacturers or sellers, shall not be the basis for imposing a restriction on such commerce (the award of civil damages, equitable relief, or any other specified limitation) as a result of harm caused by the criminal or other unlawful misuse of such firearm or ammunition product by any other person.
United States · United States Congress · 24 May 2001
Internet Equity and Education Act of 2001 - Amends the Higher Education Act of 1965 (HEA) to exempt courses offered through telecommunications from certain limitations on student financial assistance with respect to correspondence courses. Allows such exemption if the institution offering such course through telecommunications: (1) is participating in the guaranteed or the direct student loan program; and (2) has a cohort default rate of less than ten percent for each of the most recent fiscal years for which data are available. Defines a week of instruction as one in which at least one day of instruction, examination preparation, or examination occurs, for purposes of determining an academic year for HEA student aid programs. Prohibits higher education institutions participating in HEA student assistance programs from making any incentive, non-salary payment, based directly on success in securing enrollments or financial aid, to any person or entity directly engaged in student recruiting or admission activities, or making decisions regarding the award of student financial assistance. Exempts from such prohibition recruitment of foreign students not eligible to receive Federal student assistance.
United States · United States Congress · 24 May 2001
English Language Unity Act of 2001 - Amends specified Federal law to declare English to be the official language of the United States. Requires the official functions of the United States (meaning, in this case, the States and the District of Columbia) to be conducted in English. Requires a uniform English language rule for U.S. naturalization, and all naturalization ceremonies to be conducted in English. Sets forth exceptions to and rules of construction for such requirements. Amends specified Federal law to declare, as a general rule of construction, that English language requirements and workplace policies, whether in the public or private sector, shall be presumptively consistent with the Laws of the United States. Requires the Department of Justice to issue for public notice and comment a proposed rule for uniform testing of English language ability of candidates for naturalization, based upon the principles that: (1) all citizens should be able to read and understand generally the English language text of the Declaration of Independence, the Constitution, and the Laws of the United States; and (2) any exceptions to this standard should be limited to extraordinary circumstances, such as asylum.
United States · United States Congress · 24 May 2001
Working Families Flexibility Act of 2001 - Amends the Fair Labor Standards Act of 1938 to provide for compensatory time for all employees. Allows an employee to receive, in lieu of monetary overtime compensation, compensatory time off at a rate not less than one and one-half hours for each hour of employment for which overtime compensation is required under the Act.
United States · United States Congress · 24 May 2001
Uniformed Services Former Spouses Equity Act of 2001 - Requires payment from the monthly disposable retired pay of a member to his or her former spouse in compliance with court orders (division of property) to terminate upon the remarriage of that spouse, effective as of the last day of the month in which the remarriage occurs. Provides that, in the case of a member to whom a final decree of divorce, dissolution, annulment, or legal separation is issued before the member begins to receive retired pay, the disposable retired pay of such member, for purposes of such monthly payments, shall be computed based on the pay grade and length of service of the member while married. Increases such amount concurrently with retired pay increases. Requires a member's spouse or former spouse to obtain a court order for reapportionment of a member's monthly disposable retired pay by the later of the following dates: (1) two years of the date of the final decree of divorce, dissolution, annulment, or legal separation; or (2) six months after the enactment of this Act. Prohibits the court from treating as part of a member's disposable retired pay amounts which have been waived from such pay in order to receive veterans' disability compensation.
United States · United States Congress · 24 May 2001
Domestic Spirits Tax Equity Act of 2001 - Amends the Internal Revenue Code to allow a distilled spirits wholesaler a distilled spirits wholesalers credit equal to the product of: (1) the number of cases of bottled distilled spirits which were bottled in the United States and which are purchased by such wholesaler during the taxable year directly from the distiller or importer of such spirits; and (2) the average tax-financing cost per case for the most recent calendar year ending before the beginning of such taxable year.
United States · United States Congress · 24 May 2001
Municipal Utility Natural Gas Supply Act of 2001 - Amends the Internal Revenue Code to exclude from the definition of the term "investment property," as such term is used in defining "higher yield investments," any prepayment on a supply contract for the purpose of obtaining a supply of natural gas reasonably expected to be used by a utility which is owned and operated by a State or local government, or any State or local government political subdivision or instrumentality (thus permitting municipal gas systems to use their tax-exempt borrowing authority to fund the purchase of long-term, prepaid supplies of natural gas).