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![Official portrait of Rep. Rohrabacher, Dana [R-CA-48]](https://www.congress.gov/img/member/r000409_200.jpg)
United States · Official source
4,112 records where Rep. Rohrabacher, Dana [R-CA-48] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 22 May 2001
Korea Defense Service Medal Act - Directs the Secretary of the military department concerned to issue a campaign medal, to be known as the Korea Defense Service Medal, to each member who served in the Republic of Korea or its adjacent waters after July 27, 1954.
United States · United States Congress · 22 May 2001
Spaceport Equality Act - Amends the Internal Revenue Code to provide the same treatment for spaceports as is provided for airports under the exempt facility bond rules.
United States · United States Congress · 21 May 2001
Congratulates the Republic of Armenia on the occasion of the 1700th anniversary of the acceptance of Christianity in Armenia. Welcomes His Holiness Karekin II, Supreme Patriarch and Catholicos of All Armenians, on his visit to the United States. Joins with the people of Armenia, the Armenian Church in America, and His Holiness Karekin II in celebrating the ideals and values they share with the people of the United States.
United States · United States Congress · 16 May 2001
Permits a State Governor, to ensure the individual's or business' economic stability, to authorize any individual or business located in a State experiencing a power emergency on any given day to operate any type of power generation available using any fuel available. Prohibits additional emissions attributable to generation permitted solely because of such power emergency from being taken into account for purposes of determining the attainment or nonattainment status of an area under the Clean Air Act. Prohibits the Administrator of the Environmental Protection Agency from disapproving the State implementation plan, or promulgating a Federal implementation plan for the State, if the applicable plan for such State would not have been disapproved, and no Federal implementation plan promulgations would have been made, in the absence of such additional emissions. Prohibits any judicial stay or injunctions against the Administrator or the State of California regarding any additional emissions attributable to electric power generation permitted solely by reason of this Act.
United States · United States Congress · 15 May 2001
Amends the Admiral James W. Nance and Meg Donovan Foreign Relations Authorization Act, Fiscal Years 2000 and 2001, as enacted into law by Public Law 106-113, to extend eligibility for refugee status for the unmarried sons and daughters of certain Vietnamese refugees.
United States · United States Congress · 15 May 2001
Welcomes President Chen Shui-bian of Taiwan upon his visit to the United States. Requests that he communicate to the Taiwanese people the support of Congress and the people of the United States. Recognizes his visit as a significant step toward broadening and deepening the friendship and cooperation between the United States and Taiwan.
United States · United States Congress · 10 May 2001
Veterans Housing Fairness Act of 2001 - Authorizes the use of veterans' housing loan benefits to purchase stock or membership in a development, project, or structure (structure) of a cooperative housing corporation as long as such structure: (1) complies with criteria prescribed by the Secretary of Veterans Affairs; and (2) is a one-family residential unit.
United States · United States Congress · 9 May 2001
Prohibits the Secretary of the Army from contracting for the purchase of berets, authorizing or requiring the wearing of berets, or issuing a beret for use as standard army headgear until the Secretary certifies that any shortfall of army ammunition has been eliminated. Makes the prohibition inapplicable to army specialized units for which the wearing of berets is specifically authorized.
United States · United States Congress · 9 May 2001
Tibetan Policy Act of 2001 - Sets forth congressional declarations, including that it: (1) reaffirms that Tibet is an occupied country under the established principles of international law; (2) commends the Republic of India and the kingdom of Nepal for providing asylum and humanitarian care to the Dalai Lama and Tibetans in exile; (3) expresses concern over incidents of ill treatment of transiting Tibetans in border areas; and (4) urges continued cooperation with the Office of the United Nations High Commissioner for Refugees in Kathmandu. Expresses the sense of Congress that the President and the Secretary of State (as well as U.S. and European parliamentarians in the United States-European Interparliamentary Group) should initiate steps to encourage the Government of the People's Republic of China to enter into negotiations with the Dalai Lama or his representatives leading to an agreement on Tibet. Establishes within the Department of State a United States Special Coordinator for Tibetan Issues who shall promote substantive dialogue between the Government of China and the Dalai Lama or his representatives. Directs the U.S. executive director of each international financial institution, including the Export-Import Bank of the United States, the Overseas Private Investment Corporation, and the Trade and Development Agency, to support projects in Tibet consistent with specified principles. Sets forth provisions with respect to: (1) the release of, and access by humanitarian organizations to, Tibetan prisoners detained in China because of their political or religious beliefs; (2) the establishment of a U.S. branch office in Lhasa, Tibet; (3) Tibetan language training to U.S. foreign service officers assigned to the consulate in China; (4) U.S. promotion of economic development, cultural preservation, health care, and education and environmental sustainability for Tibetans inside Tibet; (5) Tibet considerations at the United Nations; and (6) the end of religious persecution in Tibet.
United States · United States Congress · 8 May 2001
Expresses the sense of Congress that the President and the Secretary of State should take all necessary steps to suspend the participation of the Russian Federation in the Group of Eight until such Federation demonstrates its commitment to the existence of a free, unfettered, and independent media, the free exchange of ideas and views, and other norms and standards of democracy.
United States · United States Congress · 7 May 2001
Declares that the immediate and unconditional release from prison in Turkey of the Kurdish Democracy Party parliamentarians Leyla Zana, Hatip Dicle, Orhan Dogan, and Selim Sadak is a vital step in upholding due process in Turkey and facilitating Turkey's integration into the European Union.
United States · United States Congress · 3 May 2001
Satellite Trade and Security Act of 2001 - Requires all satellites and related items that were on the Commerce Control List of dual-use items (which can be used for civilian or military purposes) in certain Export Administration Regulations on October 16, 1998, and any other dual-use communications satellites and related items, to be controlled under the Export Administration Act of 1979 (in effect or as continued in effect under the International Emergency Economic Powers Act) or by the Secretary of Commerce under any successor Act to the Export Administration Act of 1979 (effectively giving the Secretary of Commerce (currently, the Secretary of State) jurisdiction over the export of commercial satellites and related items). Sets forth certain license procedure requirements with respect to the export of commercial satellites and related items to foreign countries. Imposes certain national security controls and requirements on the export of commercial satellites or related items for launch in, or by nationals of, any foreign country that is not a member of the North Atlantic Treaty Organization (NATO) or a major non-NATO ally of the United States. Amends specified Federal laws to make conforming amendments with respect to this Act.
United States · United States Congress · 3 May 2001
Amends the Internal Revenue Code to reduce by 4.3 cents the tax on non-aviation gasoline, diesel fuel, and kerosene.
United States · United States Congress · 2 May 2001
Internet Tax Nondiscrimination Act - Amends the Internet Tax Freedom Act to prohibit a State or political subdivision from imposing: (1) taxes on Internet access; and (2) multiple or discriminatory taxes on electronic commerce.
United States · United States Congress · 2 May 2001
Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to use the U.S. voice, vote, and influence to oppose any new IMF loan to any country which the Secretary of Energy determines is a member of the Organization of Petroleum Exporting Countries (OPEC) and is acting to restrict oil production to the detriment of the U.S. economy, or is acting in concert with OPEC to do so, unless the provision of the loan is necessary to address a systemic risk to the international financial system.
United States · United States Congress · 26 April 2001
Repeals the Military Selective Service Act. Prohibits the Office of Selective Service Records from being reestablished upon such repeal. Transfers the assets, property, and records held by the Selective Service System (SSS), as well as unexpended balances, to the Administrator of General Services. Requires the Director of the Office of Personnel Management to assist officers and employees of the SSS to transfer to other positions in the executive branch. Prohibits any person from being denied a right, privilege, benefit, or employment position under Federal law on the grounds that the person failed to register under the Military Selective Service Act before its repeal.
United States · United States Congress · 25 April 2001
Recognizes and acknowledges the 50th anniversary of the National Science Foundation (NSF) and its achievement and service to the United States. Reaffirms commitment for the next 50 years to support research, education, and technological advancement and discovery through the NSF, the premier scientific agency in the Federal Government.
United States · United States Congress · 24 April 2001
Internet Tax Nondiscrimination Act - Amends the Internet Tax Freedom Act to prohibit a State or political subdivision from imposing: (1) taxes on Internet access; and (2) during the period beginning on October 1, 1998, and ending on December 31, 2006, multiple or discriminatory taxes on electronic commerce.
United States · United States Congress · 24 April 2001
Expresses condolences to the families of the 42 people killed in the March 6, 2001, explosion at the Fanglin elementary school in the Jianxi province of the People's Republic of China, including the parents and families of the 37 young children who lost their lives as a result of this dangerous and forced child labor. Expresses gratitude to the Chinese and international journalists who reported the true cause of the explosion in response to the Chinese Communist Party's original attempts to put forward an authorized, but false, version of the events. Expresses support for international trade agreements and policies that will enforce the International Labor Organization's core labor standards, which include prohibition of child labor and forced labor.
United States · United States Congress · 4 April 2001
Citizen Legislature and Political Freedom Act - Amends the Federal Election Campaign Act of 1971(FECA) to terminate limitations on Federal election campaign contributions after 2002. Amends the Internal Revenue Code to terminate after December 31, 2001, the designation of income tax payments to the Presidential Election Campaign Fund. Terminates the Fund itself and the Presidential Primary Matching Payment Account after December 31, 2002, and transfers any amounts remaining in the Fund to the general fund of the Treasury. Amends FECA, in the case of a political committee of a national political party, to require reports of all funds transferred to any political committee of a State or local political party, without regard to whether or not the funds are otherwise treated as contributions or expenditures under such Act (soft money). Requires any political committee of a State or local political party to file with the Federal Election Commission (FEC) a copy of any report on disbursements it is required under a State or local law, rule, or regulation to submit to the State or local government. Revises current deadlines for notification of contributions by a campaign committee. Declares that the "best efforts" exception to noncompliance with FECA shall not apply with respect to information regarding the identification of any contributor of more than $200 in the aggregate during a calendar year (thus requiring strict observance of reporting deadlines for all such contributions). Provides that, except with the separate, prior, written, voluntary authorization of each individual involved, it shall be unlawful for described labor organizations to collect from or to assess its members or nonmembers any dues, initiation fee, or other payment if any part of it will be used for political activity in which the labor organization is engaged. Changes the name of the FEC to the Federal Campaign Regulation Commission.
United States · United States Congress · 4 April 2001
Minimum Wage State Flexibility Act of 2001 - Amends the Fair Labor Standards Act of 1938 to allow a State to preempt the Federal minimum wage if the State: (1) sets a minimum wage rate or rates that are not less than $5.15 per hour; and (2) applies that rate or those rates to as many workers in the State as would otherwise be covered by the Federal minimum wage rate.
United States · United States Congress · 4 April 2001
Amends the Energy Policy and Conservation Act to repeal authority to regulate certain plumbing products and appliances, including showerheads, faucets, water closets, and urinals.
United States · United States Congress · 4 April 2001
Withdraws the extension of nondiscriminatory treatment (normal trade relations) from the products of the People's Republic of China.
United States · United States Congress · 4 April 2001
Amends the Internal Revenue Code to repeal the provision providing for the alternative minimum tax treatment of the transfer of incentive stock options (thereby changing the taxable event from the exercise of a stock option to the sale of stock).
United States · United States Congress · 4 April 2001
Expresses the sense of Congress that: (1) the International Committee of the Red Cross should immediately recognize the Magen David Adom Society; (2) the Federation of Red Cross and Red Crescent Societies should grant full membership to that Society immediately following such recognition; (3) the Red Shield of David should be accorded the same protections under international law as the Red Cross and the Red Crescent; and (4) the United States should continue to press for full membership for the Magen David Adom in the International Red Cross Movement.
United States · United States Congress · 4 April 2001
Calls upon the Citizens' Stamp Advisory Committee to recommend and the Postal Service to issue a postage stamp commemorating the members of the armed forces who have been awarded the Purple Heart.
United States · United States Congress · 3 April 2001
Designates the U.S. Post Office building located at 3101 West Sunflower Avenue in Santa Ana, California, as the Hector G. Godinez Post Office Building.
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
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
Amends the Internal Revenue Code to make permanent the tax credit for increasing research activities.
United States · United States Congress · 29 March 2001
Amends the Internal Revenue Code to reduce from $18 to $9 (its pre-1991 level) the per-barrel tax on beer.
United States · United States Congress · 28 March 2001
Realistic Tests for Realistic Threats National Security Act of 2001 - Requires the Director of the Ballistic Missile Defense Organization of the Department of Defense to: (1) conduct at least one interceptor test of the Navy Theater-Wide system or the Theater High Altitude Area Defense system, or both, against a target missile with the flight characteristics of the Taepo Dong I missile of North Korea; and (2) modify plans for managing the development of either or both of such systems to conduct such testing. Urges the Director to review changes in the configuration of the system chosen to: (1) increase the interceptor missile speed of that system to well in excess of three kilometers-per-second; and (2) allow such interceptor missile to receive and use targeting data provided by a variety of external sensors.
United States · United States Congress · 28 March 2001
Cuban Internal Opposition Assistance Act of 2001 - Instructs the President to: (1) use specified funds to implement assistance for victims of the most extreme political repression and to assist independent nongovernmental opposition organizations inside Cuba; (2) ensure that such funds reach their destination; and (3) authorize issuance of licenses to independent nongovernmental organizations to send monetary remittances to independent nongovernmental opposition organizations to implement specified activities under the Cuban Liberty and Democratic Solidarity Act of 1996.
United States · United States Congress · 28 March 2001
Welcomes the safe return of Arnie Alford, Steve Derry, Jason Weber, and David Bradley from captivity by terrorists in Ecuador and congratulates them for their perseverance in the face of adversity. Extends sympathy to the family of Ron Sander, who was killed by terrorists, and salutes his courage. Supports the U.S. commitment to bringing the killers and the kidnappers to justice. Expresses the sense of Congress that the United States must redouble its efforts to prevent future kidnappings.
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
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
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 · 20 March 2001
Amends the Endangered Species Act of 1973 to exempt from provisions requiring consultation and conferencing with the Secretary of the Interior any agency action that consists of: (1) reconstruction or repair of a Federal or non-Federal levee to address a critical, imminent threat to public health or safety or to address a catastrophic natural event; or (2) maintaining the structural integrity of such a levee. Provides that any activity by a Federal or non-Federal person that consists of such an action is not a taking of a species for purposes of the Act.
United States · United States Congress · 20 March 2001
Expresses the sense of Congress that: (1) the United States should reaffirm its commitment to the Taiwan Relations Act and the specific guarantees for the provision of legitimate defense articles to Taiwan; (2) the President should seek from the leaders of the People's Republic of China a public renunciation of any use of force, or threat to use force, against Taiwan; and (3) the executive branch should recognize Taiwan's significant defense needs and approve the sale to Taiwan of advanced weapons systems that are legitimately needed for defensive purposes.
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 · 20 March 2001
Expresses the sense of Congress that employers of members of the military reserve components should: (1) be commended for their commitment to such employees; and (2) continue to support the mission of such components by strictly adhering to Federal provisions which prohibit adverse employment actions against such employees which are motivated by such reserve involvement.
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
Condemns the repressive and totalitarian actions of the Cuban Government against the Cuban people. Expresses the sense of the House of Representatives that the President should: (1) have an action-oriented policy of directly assisting the Cuban people and independent organizations to strengthen the forces of change and to improve human rights within Cuba; and (2) make all efforts necessary at the meeting of the United Nations Human Rights Commission in Geneva in 2001 to obtain passage of a resolution condemning the Government of Cuba for its human rights abuses and to secure the appointment of a Special Rapporteur for Cuba.
United States · United States Congress · 15 March 2001
Permits an individual or business located in a State experiencing a power emergency on any given day to operate any type of power generation available using any fuel available, to ensure the individual's or business' economic stability. Requires any person or State official, upon the request of either the Secretary of Energy or the Federal Energy Regulatory Commission, to share information regarding the available supply of or the projected demand for electricity. Prohibits emissions attributable to generation permitted solely because of such power emergency from being taken into account for purposes of determining the attainment or nonattainment status of an area under the Clean Air Act.
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
Economic Recovery and Growth Act of 2001 - Amends the Internal Revenue Code with respect to reducing or repealing, among other things: (1) tax rates for individuals; (2) alternative minimum tax; (3) capital gains; (4) estate and gift tax; (5) marriage penalty; (6) Federal communications excise tax; (7) taxes for farmers, ranchers, fishermen; and (8) occupational taxes relating to alcoholic beverages. Increases, extends, or expands tax benefits with respect to, among other things: (1) pensions and individual retirement accounts (IRAs); (2) child tax credit; (3) education IRAs and qualified tuition programs; (4) adoption expenses credit; (5) charitable contributions; (6) social security benefits; (7) expense treatment for small businesses; (8) self-employed health insurance cost deduction; and (9) research credit.
United States · United States Congress · 14 March 2001
Amends the Internal Revenue Code to classify qualified leasehold improvement property (defined as certain improvements made to an interior portion of nonresidential real property) as ten-year property for depreciation purposes under the Accelerated Cost Recovery System.
United States · United States Congress · 14 March 2001
Increased Individual Retirement Accounts for All Act of 2001 - Amends the Internal Revenue Code to: (1) increase the annual limitation on deductible contributions to individual retirement accounts (IRAs) to $5,000 and provide a cost-of-living adjustment to such amount; (2) provide for increased "catch-up" contributions for individuals aged 50 or older; and (3) until December 31, 2005, allow a nonrefundable credit to certain individuals for elective deferrals and IRA contributions.
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.