Housing

To amend the Internal Revenue Code of 1986 to provide tax incentives with respect to enterprise zones and areas affected by military base closings or reductions in military base employment.

United States · United States Congress · 4 May 1993

TABLE OF CONTENTS: Title I: Provisions Relating to Distressed Urban and Rural Areas Subtitle A: Designation and Tax Incentives Subtitle B: Redevelopment Bonds for Tax Enterprise Zones Title II: Areas Affected by Military Base Closings or Reductions in Military Base Employment Treated as Enterprise Zones Title I: Provisions Relating to Distressed Urban and Rural Areas - Declares it to be the purpose of this title to establish a demonstration program of providing incentives for the creation of tax enterprise zones in order to: (1) revitalize economically and physically distressed areas; (2) promote meaningful employment for zone residents; and (3) encourage individuals to reside in the zones in which they are employed. Subtitle A: Designation and Tax Incentives - Amends the Internal Revenue Code to provide for the designation of tax enterprise zones during calendar years after 1991 and before 1997: (1) by the Secretary of Housing and Urban Development, in the case of an urban tax enterprise zone; and (2) by the Secretary of Agriculture, in the case of a rural development investment zone. Sets forth the eligibility criteria for such designation for urban tax enterprise zones and for rural development investment zones. Makes areas within Indian reservations ineligible for such designations. Allows an enterprise zone employment credit as a general business credit of 15 percent of the qualified zone wages. Allows a deduction for the purchase of enterprise zone stock paid in cash. Excludes from gross income 50 percent of qualified capital gain recognized on the sale or exchange of a new qualified zone asset held for more than five years. Subtitle B: Redevelopment Bonds for Tax Enterprise Zones - Sets forth special rules for tax-exempt redevelopment bonds which provide financing for tax enterprise zones for the first 60-month period after a zone is so designated. Title II: Areas Affected by Military Base Closings or Reductions in Military Base Employment Treated as Enterprise Zones - Treats the following as tax enterprise zones for purposes of tax incentives set forth in this Act: (1) military installations selected for closure or substantial realignment under a base closure law; and (2) so much of the area around such installations as the Secretary of Commerce determines is adversely affected by closure or realignment. Provides that such zones shall be in addition to those designated under title I.

Revenue Reconciliation Act of 1993

United States · United States Congress · 4 May 1993

TABLE OF CONTENTS: Title I: Training and Investment Incentives Subtitle A: Provisions Relating to Education and Training Subtitle B: Investment Incentives Subtitle C: Tax-Exempt Bond Provisions Subtitle D: Expansion and Simplification of Earned Income Tax Credit Subtitle E: Incentives for Investment in Real Estate Subtitle F: Other Changes Title II: Revenue Increases Subtitle A: Provisions Affecting Individuals Subtitle B: Provisions Affecting Businesses Subtitle C: Foreign Tax Provisions Subtitle D: Energy Tax Provisions Subtitle E: Compliance Provisions Subtitle F: Miscellaneous Provisions Title III: Empowerment Zones and Enterprise Communities Revenue Reconciliation Act of 1993 - Title I: Training and Investment Incentives - Subtitle A: Provisions Relating to Education and Training - Amends the Internal Revenue Code to make permanent after June 30, 1992: (1) the tax exclusion of employer-provided educational assistance; and (2) the targeted jobs credit. Allows the use of the targeted jobs credit, with limitations, for the hiring of a qualified participant in an approved school-to-work program. Subtitle B: Investment Incentives - Part I: Investment Tax Credit - Allows a small business regular tax credit for eligible small businesses of five percent of their qualified investment in depreciable property. Allows such credit to offset a percentage of the minimum tax. Increases the investment tax credit for 1993 and 1994 for qualified investments. Provides for ratably including the current year business credit in gross income. Part II: Research Credit - Makes permanent the credit for increasing research activities. Modifies the fixed base percentage of such credit for startup companies for taxable years after 1993. Part III: Incentive For Investment in Small Business Stock - Allows a taxpayer other than a corporation to exclude from gross income 50 percent of gain from the sale or exchange of qualified small business stock held for more than five years. Sets forth rules and limitations for such exclusion. Treats one-half of such exclusion as an item of tax preference for minimum tax purposes. Part IV: Modifications to Minimum Tax Depreciation Rules - Modifies the method of determining the depreciation deduction for certain personal property placed in service after 1993. Eliminates the depreciation adjustment for computing adjusted current earnings for such property. Subtitle C: Tax-Exempt Bond Provisions - Provides a complete tax exemption (currently a 75 percent tax exemption) for bonds used to finance high-speed intercity rail facilities. Permanently extends the authority to issue qualified small issue bonds to finance manufacturing facilities and farm property. Subtitle D: Expansion and Simplification of Earned Income Tax Credit - Repeals certain interaction rules with respect to the medical expense deduction, the deduction for health insurance, and the dependent care credit. Revises credit and phaseout percentages for 1994. Subtitle E: Incentives for Investment in Real Estate - Part I: Extension of Qualified Mortgage Bonds and Low-Income Housing Credits - Makes permanent: (1) the authority to issue qualified mortgage bonds and qualified mortgage credit certificates; and (2) the low-income housing credit. Part II: Modification of Passive Loss Rules - Provides for the treatment of rental real estate activities under the limitations on losses from passive activities. Part III: Provisions Relating to Real Estate Investments by Pension Funds - Modifies exceptions to the exclusion of real property acquired by a qualified organization from the meaning of acquisition indebtedness. Makes certain exceptions inapplicable to sales out of foreclosure by a financial institution. Repeals the special rule for publicly traded partnerships with respect to the treatment of unrelated business taxable income. Permits a tax-exempt title-holding company to receive unrelated business taxable income if the unrelated income is incidentally derived from the holding of real property. Excludes from unrelated business taxable income: (1) gains from the sale, exchange or other disposition of real property acquired from financial institutions that are in conservatorship or receivership; and (2) loan commitment fees and certain option premiums. Part IV: Increase in Recovery Period for Nonresidential Real Property - Increases the depreciation recovery period for nonresidential real property. Subtitle F: Other Changes - Repeals the tax preference for the appreciated property charitable deduction. Disallows an adjustment related to the earnings and profits effects of any charitable contribution from being made in computing adjusted current earnings. Amends the Railroad Retirement Solvency Act of 1983 to make permanent the treatment of certain railroad retirement benefits as received under employer plans. Provides for the temporary extension of the deduction of health insurance costs of self-employed individuals. Title II: Revenue Increases - Subtitle A: Provisions Affecting Individuals - Part I: Rate Increases - Lowers the tax rates for certain taxpayers and increases the tax rate for certain higher incomes. Imposes a surtax on certain higher incomes. Increases the tentative minimum tax for taxpayers other than corporations. Makes permanent the overall limitation on itemized deductions and the phaseout of personal exemptions for high-income taxpayers. Sets forth provisions to prevent the conversion of ordinary income to capital gain in certain financial transactions. Repeals certain exceptions to market discount rules. Provides for the treatment of purchases of stripped preferred stock after April 30, 1993. Revises the methods of: (1) computing the limitation on the deductibility of investment interest; and (2) determining substantial appreciation of partnership inventory items. Part II: Other Provisions - Repeals the limitation on the amount of wages and subject to the health insurance employment tax. Increases and makes permanent the highest estate and gift tax rate. Reduces the deduction for business meals and entertainment expenses. Disallows a tax deduction for social club membership dues, except for employee recreational expenses. Disallows a deduction as a trade or business expense remuneration to certain employees in excess of $1 million. Reduces the compensation taken into account in determining contributions and benefits under qualified retirement plans. Removes qualified residence sales, purchases, or leases and meals from the deduction for moving expenses. Subtitle B: Provisions Affecting Businesses - Increases the tax rate for corporate income in excess of $10 million and the tax rate on personal service corporations. Denies a tax deduction for lobbying expenses. Subjects lobbying organizations to special reporting requirements. Requires any security which is inventory in the hands of the dealer to be included in inventory at its fair market value. Requires any dealer in securities that holds any security which is not in inventory at the close of any taxable year to: (1) recognize gain or loss as if the security were sold on the last business day of the taxable year; and (2) take into account any such gain or loss for such year (the mark-to-market requirement). Requires taking into account, for certain tax purposes: (1) certain Federal Savings and Loan Insurance Corporation (FSLIC) assistance as compensation for loss; and (2) any FSLIC assistance for any debt for determining whether such debt is worthless and in determining the amount of any addition to a reserve for bad debts arising from such worthlessness or partial worthlessness. Increases the required annual payment for corporations that fail to pay estimated income tax. Limits the Puerto Rico and possession tax credit to 60 percent of the possession corporation's qualified possession wages. Modifies the limitation on corporate deductions for interest paid to related persons to take into account disqualified guarantees of indebtedness and the imposition of a gross basis tax. Subtitle C: Foreign Tax Provisions - Part I: Current Taxation of Certain Earnings of Controlled Foreign Corporations - Requires U.S. shareholders of controlled foreign corporations to include in gross income a pro rata share of the corporations' excess passive assets. Sets forth rules for determining such amounts. Modifies the rule on taxation of investment in United States property and takes into account excessive passive assets. Excepts from foreign personal holding income dividends attributable to earnings and profits of the distributing corporation accumulated during any period during which the person receiving such dividend did not hold such stock. Requires the establishment of an excess limitation account by taxpayers who receive foreign tax credits in a year they receive previously taxed earnings and profits. Part II: Allocation of Research and Experimental Expenditures; Treatment of Certain Royalties - Requires a complete allocation and apportionment of research and experimental expenditures from sources within the United States and bases such expenditures attributable to activities conducted outside the United States on gross sales. Treats royalties as passive income for purposes of the foreign tax credit. Part III: Other Provisions - Excludes passive dividends or interest income from foreign oil and gas income. Modifies accuracy-related penalties for tax underpayments. Denies the inclusion of certain contingent interest in the exemption for portfolio interest for nonresident aliens. Authorizes the Secretary of the Treasury to prescribe regulations recharacterizing any multiple-party financing transaction as a transaction directly among any two or more of such parties where appropriate to prevent any tax avoidance. Subtitle D: Energy Tax Provision - Imposes an excise tax on the following energy products: (1) taxable refined petroleum products removed from a U.S. refinery or entered into the United States for consumption, use, or warehousing; (2) natural gas removed in the United States from any pipeline (not part of a local distribution system) for transmission to ultimate users through a local distribution system or for use prior to entry into a local distribution system; (3) coal received at any facility for use as a fuel at such facility; and (4) certain electricity generated in or outside the U.S. Bases the rate of tax on such products on the applicable Btu factor. Declares that no tax is imposed on any taxable energy source which is exported by the person otherwise liable for such tax. Provides for refunds to: (1) ultimate vendors of home heating oil and international commercial transportation; (2) ultimate users in cases of exempt petroleum products; and (3) certain users of methane recovered from biomass or coal mining. Imposes a tax on the use of any fossil fuel (other than coal): (1) in the manufacture or production of a fuel other than at a U.S. refinery; or (2) as a fuel. Specifies the application of such tax and exceptions. Imposes a tax on floor stock of taxable fuels held on the date of the tax increase. Allows a credit against such tax. Provides for such tax increases to begin July 1, 1994. Increases the tax on gasoline and diesel fuels for purposes of the Highway Trust Fund financing rate. Increases the amount to be transferred to the Mass Transit Account from such Fund. Subtitle E: Compliance Provisions - Requires information reporting on payments to corporations for services. Modifies provisions concerning substantial understatement and return-preparer penalties to allow reasonable cause exceptions. Subtitle F: Miscellaneous Provisions - Establishes substantiation requirements for charitable contributions of $750 or more. Sets forth disclosure requirements for an organization that receives a quid pro quo contribution (payment made partly as a contribution and partly in consideration for goods or services provided to the payor by the donee organization). Imposes a penalty for failure to make such disclosure. Expands the 45-day interest-free period for refunding tax overpayments to all returns, as well as to amended returns and claims for refunds. Provides that if interest is not refunded within 45 days after the taxpayer files an amended return or claim for refund, interest will be paid only for periods after the date on which the return or claim is filed. Denies the business travel expense deduction for spouses, dependents, or others. Increases the withholding rate for supplemental wage payments. Title III: Empowerment Zones and Enterprise Communities - Provides for the designation of 100 tax enterprise communities and ten empowerment zones during calendar years after 1993 and before 1996: (1) by the Secretary of Housing and Urban Development, in the case of an urban area; (2) by the Secretary of Agriculture in the case of a rural area; and (3) the Secretary of the Interior for an Indian reservation. Sets forth the eligibility criteria for such designations. Allows a zone resident empowerment savings credit to employers as a general business credit of 50 percent of the qualified savings contributions made to a defined contribution plan on behalf of an employee. Limits the amounts of such contributions. Makes buildings in such communities or zones eligible for the low-income housing credit applicable to buildings in high-cost areas. Provides for the issuance of enterprise zone facility bonds in enterprise communities and empowerment zones in a manner similar to exempt facility bonds. Excludes enterprise zone facility bonds from the interest deduction limitations on financial institutions. Allows an empowerment zone employment credit to employers for a percentage of qualified zone wages paid during calendar years 1994 through 2004. Limits the amount of such credit. Increases the limitation on expensing certain depreciable business assets. Increases the volume cap applicable to enterprise zone facility bonds if the business owners meet specified ownership requirements with regard to abiding in such zones. Allows the use of the targeted jobs credit for hiring empowerment zone residents.

Community Policing Assistance Act of 1993

United States · United States Congress · 30 April 1993

Community Policing Assistance Act of 1993 - Amends the Omnibus Crime Control and Safe Streets Act of 1968 to authorize the Director of the Bureau of Justice Assistance to make grants to units of local government and community groups in economically distressed central cities to establish or expand cooperative efforts between police and community for purposes of increasing police presence in the community. Requires the Director to develop a written model that informs community members regarding: (1) how to identify the existence of a drug or gang house; (2) what civil remedies, such as public nuisance violations and civil suits in small claims court, are available; and (3) what mediation techniques are available between community members and individuals who have established a drug or gang house in such community. Sets forth provisions regarding: (1) grant application requirements; (2) allocation of funds and grant renewal; (3) criteria for awarding grants; and (4) reporting requirements. Directs the Secretary of Housing and Urban Development to determine the need adjusted per capita income for certain economically distressed central cities, based on a specified formula. Authorizes appropriations.

Community Capital Partnership Act of 1993

United States · United States Congress · 30 April 1993

Community Capital Partnership Act of 1993 - Amends the Housing and Community Development Act of 1992 to make eligible for community investment corporation demonstration grants: (1) Federal and State credit unions; (2) certain nonprofit organizations; and (3) certain depository institutions. Increases the grant amounts available for capital assistance, development services, technical assistance, and training programs. Amends the Federal Credit Union Act to: (1) increase the appropriations authorized for the Community Development Revolving Loan Fund (the Fund); and (2) authorize the National Credit Union Administration Board to invest idle Fund moneys in U.S. Treasury securities, and to exercise the authority granted it by the Community Development Credit Union Revolving Loan Fund Transfer Act. Directs the Secretary of Housing and Urban Development (the Secretary) to provide operating and capital assistance to existing community development banks, financial institutions, and corporations. Authorizes the Secretary to provide transition assistance to designated community development entities. Authorizes appropriations. Authorizes the Secretary to make grants to eligible nonprofit community development loan and investment funds. Authorizes appropriations.

Joseph Shuldiner, of California, to be an Assistant Secretary of Housing and Urban Development, vice Joseph G. Schiff, resigned.

United States · United States Senate · 29 April 1993

Marilyn A. Davis, of New York, to be an Assistant Secretary of Housing and Urban Development, vice Jim E. Tarro, resigned.

United States · United States Senate · 29 April 1993

Aida Alvarez, of California, to be Director of the Office of Federal Housing Enterprise Oversight, Department of Housing and Urban Development, for a term of five years. (New Position)

United States · United States Senate · 29 April 1993

A bill to amend title 38, United States Code, to provide for the payment to States of per diem for veterans who receive adult day health care through State homes, and to authorize the provision of assistance to States for the construction of adult day health care facilities at State homes.

United States · United States Congress · 29 April 1993

Authorizes the Secretary of Veterans Affairs to pay each State a per diem rate for each veteran receiving adult day health care in a State home. Includes the construction of adult day health care facilities in the authorized use of funds under a program authorizing the Secretary to provide grants to States for the construction of State veterans' nursing home or hospital care facilities.

A bill making an emergency supplemental appropriations for the fiscal year ending September 30, 1993, and for other purposes.

United States · United States Congress · 29 April 1993

Title I: Emergency Supplemental Appropriations - Makes additional appropriations available to the Small Business Administration for the business loans program account. Makes additional amounts available to the: (1) Department of Labor for the Employment and Training Administration; (2) Department of Health and Human Services for the Office of the Assistant Secretary for Health; (3) Department of Education for compensatory education for the disadvantaged; (4) Department of Transportation for the Federal Highway Administration and the Federal Transit Administration; and (5) Department of Housing and Urban Development for community development grants.

Fairness for Adopted Children Act

United States · United States Congress · 29 April 1993

Fairness for Adopted Children Act - Establishes the National Advisory Council on Adoption (the Council), to be appointed by the Secretary of Health and Human Services (HHS). Authorizes appropriations for FY 1993 through 1995. Terminates such Council after three years. Directs the Secretary of HHS to: (1) report to the Congress, within 30 days, on the status of the implementation of the adoption data collection system required under specified provisions of the Social Security Act; (2) report monthly to the Congress on the progress made in implementing such system; and (3) consult with the Council in developing regulations to carry out such reporting requirements. Amends the Public Health Service Act to require the Secretary to award grants to States to enable them to establish programs to provide maternal health certificates to eligible pregnant women who are residents of a maternity home, or on a waiting list or receiving out-patient services from a maternity home. Limits such women's income to 175 percent of the State poverty level, not including support received from parents, guardians, or the father of the child. Sets forth eligibility requirements for the maternity home, including that it have the capability to serve at least four pregnant women concurrently. Requires the use of certificates to pay the reasonable costs associated with residence in, or services of, the maternity home. Allows the use of certificates to cover expenses incurred during a period that ends not later than one month after the birth of the child. Authorizes appropriations for FY 1993 through 1995. Amends the Higher Education Act of 1965 (HEA) to establish a program of fellowships for graduate study in social work, in innovative programs concerning the effects of adoption on the adopted children, their adoptive families, and their biological parents who make an adoption plan. Authorizes of appropriations for FY 1993 through 1995. Directs the Secretary of Education, within one year after enactment of this Act, to make grants to States to carry out adoption education programs. Authorizes appropriations for FY 1993 through 1995. Amends the Employee Retirement Income Security Act of 1974 to prohibit discrimination by insurance companies in the writing or executing of insurance policies on the basis of whether a child is adopted. Makes it an unlawful employment practice for an employer to discriminate against an employee with respect to a term or condition of any leave benefit on the basis of the fact that a child of an employee is not a biological child. Amends the Social Security Act to provide payments to States for expenses incurred in placing a child with special needs in adoptive homes if the child is placed within three months of becoming available for adoption. Expresses the sense of the Congress that each State should adopt and enforce specified types of adoption laws, rules, or regulations.

Family and Economic Recovery Act

United States · United States Congress · 29 April 1993

TABLE OF CONTENTS: Title I: Tax Relief for Families Title II: Family Savings Incentives Subtitle A: Increase in Income Limitations for Deductible IRA Contributions; Increase in IRA Contribution Limits; Penalty-Free Withdrawals for Home Ownership, Education, and Medical Expenses Subtitle B: Exclusion for Employer-Provided Educational Assistance to Include Educational Assistance for Spouse and Dependents of Employee Title III: Medical Care Savings Accounts; Health Care Cost Controls; Deduction for Health Insurance Costs of Self-Employed Individuals Title IV: Educational Choice Programs Title V: Grants to Encourage Employers to Adopt Flexible Work and Family Policies Title VI: Reducing the Cost of Capital by Reducing Capital Gains Tax Rates, Indexing the Basis of Certain Assets, and Excluding Gain from Sales of Principal Residences Title VII: Enterprise Zones Subtitle A: Designation of Enterprise Zones Subtitle B: Federal Income Tax Incentives Subtitle C: Regulatory Flexibility Subtitle D: Establishment of Foreign-Trade Zones in Enterprise Zones Family and Economic Recovery Act - Title I: Tax Relief for Families - Amends the Internal Revenue Code to allow taxpayers a credit for each child who has not attained the age of 19. Allows a credit for qualified adoption expenses. Disallows the use of such credits together with other credits or deductions. Title II: Family Savings Incentives - Subtitle A: Increase in Income Limitations for Deductible IRA Contributions; Increase in IRA Contribution Limits; Penalty-Free Withdrawals for Home Ownership, Education, and Medical Expenses - Increases the income limitations on retirement savings deductions and provides a cost-of-living adjustment after 1994 for such limitations. Provides a cost-of-living adjustment for deductible retirement amounts after 1993. Allows distributions from certain retirement plans without penalty to purchase first homes, pay higher education expenses and financially devastating medical expenses, and assist certain unemployed individuals. Treats certain disaster victims as first-time homebuyers. Subtitle B: Exclusion for Employer-Provided Educational Assistance to Include Educational Assistance for Spouse and Dependents of Employee - Excludes from gross income employer-provided educational assistance to spouses and dependents of employees. Makes such exclusion permanent. Title III: Medical Care Savings Accounts; Health Care Cost Controls; Deduction for Health Insurance Costs of Self-Employed Individuals - Excludes from gross income medical care savings benefits. Describes such benefits as a health plan which provides that all or part of the premium differential realized by instituting a qualified higher deductible health plan is credited to participating employees to pay for medical care for a plan year. Requires amounts remaining at the end of such plan year to be deposited into a tax exempt medical care savings account (subject to rules similar to those for retirement plans) for use by the participant for medical expenses. Increases the deduction for health insurance costs of self-employed individuals to 100 percent (50 percent for 1995 and 1996) and makes such deduction permanent. Preempts State laws: (1) requiring the offering of health plans providing certain services; and (2) prohibiting employer groups from purchasing health insurance. Title IV: Educational Choice Programs - Educational Choice Programs Act - Authorizes appropriations for FY 1993 through 2000 for grants and scholarship awards to parents of elementary or secondary school children that may be redeemed at a variety of public and private schools, including religious schools. Sets forth administrative details for such program. Title V: Grants to Encourage Employers to Adopt Flexible Work and Family Policies - Authorizes appropriations for FY 1993 to provide start-up grants to businesses to explore, initiate, or expand flexible work policies in an effort to ease work and family demands on employees. Includes as examples flexitime, part-time, job sharing, telecommuting, flexiplace, or compressed work weeks. Title VI: Reducing the Cost of Capital by Reducing Capital Gains Tax Rates, Indexing the Basis of Certain Assets, and Excluding Gain from Sales of Principal Residences - Reduces the individual and corporate capital gains rate from 34 percent to 15 percent. Reduces such tax to 7.5 percent for low- and middle-income taxpayers. Provides for the phaseout of personal exemptions and the overall limitation on itemized deductions to take into account adjusted gross income which has been reduced by net capital gain. Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Provides for indexing the limitation of capital losses of noncorporate taxpayers. Excludes from gross income the sale or exchange of property that has been owned and used by the taxpayer as the taxpayer's principal residence. Terminates provisions relating to the rollover of gain on the sale of a principal residence. Title VII: Enterprise Zones - Subtitle A: Designation of Enterprise Zones - Authorizes the Secretary of Housing and Urban Development to designate enterprise zones for purposes of providing tax and regulatory relief and improving local services. Limits choices to areas nominated by States and local governments. Limits the total number of areas that may be designated, and the time period of the designation. Authorizes the Secretary to designate a zone only if the area meets certain locational, demographic, unemployment, and poverty criteria. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action that may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, and providing job training to area residents. Describes areas to which the Secretary must give preference in selecting areas for designation. Requires the Secretary to report to the Congress every two years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. Subtitle B: Federal Income Tax Incentives - Allows a nonrefundable income tax credit to enterprise zone employees for five percent of any qualified wages earned as do not exceed a specified amount. Phases out such credit as total wages increase over $20,000. Provides for the nonrecognition of capital gain on the sale of enterprise zone property. Allows a taxpayer a deduction on the aggregate amount paid for the purchase of enterprise stock on its original issue by a qualified issuer. Requires any gain from the disposition of the stock to be treated as ordinary income. Excludes enterprise zone capital gains from income computation of alternative minimum taxes. Subtitle C: Regulatory Flexibility - Amends Federal law to revise the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified business, government, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations pertaining to the implementation of projects or activities within an enterprise zone. Requires agencies to approve the request if the resulting benefits of job creation, community development, or economical revitalization outweigh the public interest in retaining the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement or present a danger to the public health and safety. Subtitle D: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis, and to expedite the processing of, applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to, and expedite applications for, the establishment of ports of entry necessary to establish such zones.

To amend the Job Training Partnership Act to establish a program to assist discharged members of the Armed Forces to obtain training and employment as managers and employees with public housing authorities and management companies.

United States · United States Congress · 28 April 1993

Amends the Job Training Partnership Act to direct the Secretary of Labor to enter into a cooperative agreement with the National Center for Housing Management to provide for a training program to assist recently discharged members of the armed forces to obtain training and employment as managers and employees with public housing authorities and management companies. Authorizes appropriations.

To amend the Internal Revenue Code of 1986 to modify the tax treatment of cooperative housing corporations.

United States · United States Congress · 28 April 1993

Amends the Internal Revenue Code to exclude certain cooperative housing corporations from the rule allowing limited deductions incurred by certain membership organizations in transactions with their members. Prohibits such corporations from using patronage losses to offset earnings which are not patronage earnings.

Homeless Children's Immunization Assistance Act

United States · United States Congress · 28 April 1993

Homeless Children's Immunization Assistance Act - Amends the Stewart B. McKinney Homeless Assistance Act to require operators of specified emergency shelters and transitional housing to determine the immunization status of children under the age of six years old occupying such housing.

Michael A. Stegman, of North Carolina, to be an Assistant Secretary of Housing and Urban Development, vice John C. Weicher, resigned.

United States · United States Senate · 23 April 1993

Housing for Older Persons Act of 1993

United States · United States Congress · 22 April 1993

Housing for Older Persons Act of 1993 - Amends the Fair Housing Act to revise the definition of housing for elder persons (thus modifying the exemption from certain familial status discrimination prohibitions). Makes a good faith attempt at compliance a defense against civil money damages.

To amend the Internal Revenue Code of 1986 to provide that low-income housing shall not be ineligible for the larger low-income housing credit by reason of assistance provided under the HOME Investment Partnerships Act, and for other purposes.

United States · United States Congress · 22 April 1993

Amends the Internal Revenue Code to provide that low-income housing shall not be ineligible for the larger low-income housing credit by reason of assistance under the HOME Investment Partnerships Act. Provides for the tax treatment of partnership investment expenses in computing the alternative minimum tax. Applies the special rule for the rental use of a dwelling for less than 15 days per year to certain rental use where the community holding the event cannot provide sufficient commercial accommodations.

Nicolas P. Retsinas, of Rhode Island, to be an Assistant Secretary of Housing and Urban Development, vice Arthur J. Hill, resigned.

United States · United States Senate · 21 April 1993

Deficit Reduction Act of 1993

United States · United States Congress · 21 April 1993

Deficit Reduction Act of 1993 - Prohibits the annual travel budget for each non-defense executive branch agency (excluding the Postal Service) for FY 1994 from exceeding 90 percent of the budget level available to such agency for FY 1993. Abolishes the Interstate Commerce Commission. Transfers its functions, powers, and duties to the Department of Transportation. Limits the outlays for the legislative branch for FY 1994 to 85 percent of such outlays for FY 1993. Directs the Secretary of the Interior to sell to one or more joint ventures all right, title, and interest of the United States in and to the helium reserves established pursuant to the Helium Act, including facilities and accessories. Limits the administrative and overhead budget (excluding travel expenses) for non-defense executive branch agencies (excluding the Postal Service) for FY 1995 to 99 percent of the budget level available for FY 1994. Repeals the Davis-Bacon Act (an Act which requires that the locally prevailing wage rate be paid to various classes of laborers and mechanics working under federally-financed or federally-assisted contracts for construction, alteration, and repair of public buildings or public works). Eliminates the honey price support and wool and mohair price support programs. Increases rental voucher authority and terminates loan authority for public housing construction. Prohibits the Secretary of Housing and Urban Development from expending or obligating any budget authority for certain special projects. Rescinds such amounts remaining for FY 1993. Amends the United States Housing Act of 1937 to require competitive bidding for public housing modernization activities. Amends the Internal Revenue Code to require the disclosure of tenant income in information returns under housing assistance programs for income-based rent subsidies. Reduces Government contributions to the Thrift Savings Plan. Amends the Communications Act of 1934 to require competitive bidding for the radio spectrum for awarding initial licenses or new construction permits, with exceptions. Authorizes the Federal Communications Commission to consider relative economic values and other public interest benefits in making spectrum allocation decisions among services that are subject to competitive bidding.

Single Room Occupancy Housing Fire Safety Enhancement Act

United States · United States Congress · 20 April 1993

Single Room Occupancy Housing Fire Safety Enhancement Act - Amends the Cranston-Gonzalez National Affordable Housing Act to reserve specified funds to provide fire safety devices in affordable single-room occupancy housing.

Community Reinvestment Act Reform Act of 1993

United States · United States Congress · 5 April 1993

TABLE OF CONTENTS: Title I: Community Credit Availability Improvements Title II: Community Support Requirements Title III: Pattern or Practice Community Reinvestment Act Reform Act of 1993 - Title I Community Credit Availability Improvements - (Sec. 101) Amends the Community Reinvestment Act of 1977 (CRA) to direct the appropriate Federal financial supervisory agencies to jointly develop a format for collecting data from regulated financial institutions in connection with examinations of their record of meeting the credit needs of their local communities, including low- and moderate-income neighborhoods. Includes the following among the data required: (1) home mortgage lending; (2) small business lending; (3) community development; (4) consumer loans; and (5) branch closures. (Sec. 102) Prescribes guidelines under which the appropriate Federal financial supervisory agencies, as part of their written evaluations of the institutions under their purview, must actively solicit comments from affected community members, with particular emphasis upon low- and moderate-income and minority residents. (Sec. 103) Amends the Home Mortgage Disclosure Act of 1975 to include among the required public disclosures of depository institutions located in specified metropolitan statistical areas the number and total dollar amount by census tract of small business loans and of personal loans to consumers. (Sec. 104) Amends the CRA to require financial institutions to be rated on the adequacy of their record of meeting community credit needs. Precludes such institutions from receiving a rating unless they have actually extended significant amounts of credit in low-income neighborhoods, and not merely been in compliance with a plan for extending such credit in the future. Sets forth a "prompt corrective action" implementation and enforcement scheme. Title II: Community Support Requirements - (Secs. 201-205) Prescribes community support obligations of mortgage banks. Directs the Secretary of Housing and Urban Development (the Secretary) to establish the Office of Mortgage Bank and Insurance Supervision (the Office) to evaluate the community performance of mortgage banks and mortgage insurance companies. Requires such Office to: (1) require each mortgage bank to submit a biennial community support statement, detailing its efforts at meeting the housing credit needs of each community in which it conducts significant credit transactions; and (2) evaluate a mortgage bank's community support performance. Sets forth a penalty and enforcement scheme. (Sec. 206) Sets forth certain community support requirements for mortgage insurance companies, including a biennial report to the Secretary on the availability of, and underwriting guidelines for, mortgage insurance policies for low- and moderate-income families within those areas in which the companies write a significant number of mortgage insurance policies. Directs the Office to conduct biennial community support reviews of private mortgage insurance companies. Title III: Pattern or Practice - (Secs. 301-304) Amends the CRA, the Bank Holding Company Act of 1956, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to require the appropriate Federal financial supervisory agencies to deny an application for a deposit facility by a regulated financial institution if the institution has exhibited a pattern or practice of opening or closing branches in a way that tends to exclude low- and moderate-income or minority communities.

Community Banking and Economic Empowerment Act

United States · United States Congress · 5 April 1993

Community Banking and Economic Empowerment Act - Directs the Secretary of Housing and Urban Development (the Secretary) to provide capital, operating, and technical assistance to community development lenders and certain eligible entities in order to: (1) make credit-related services available to low-income persons inadequately served by traditional lending institutions; and (2) promote development and revitalization of low-income neighborhoods. Delineates the purposes for which the Secretary may provide assistance to community development lenders and to the eligible entities establishing those lenders. Prescribes guidelines for assisted community development lenders, including assistance agreements, auditing procedures, and educational programs. Directs the Board of Governors of the Federal Reserve System to ensure the availability of funds for community development banks and to submit to the Congress recommendations for increased liquidity lending to such banks by the Federal reserve banks. Amends the Community Reinvestment Act to preclude a regulated financial institution from receiving either an "outstanding" or a "satisfactory" rating for meeting community credit needs solely on the basis of its loans or investments in community development lenders.

To establish in the Department of the Interior the Essex Heritage District Commission, and for other purposes.

United States · United States Congress · 2 April 1993

Amends the Internal Revenue Code to exclude any employer-provided housing from the gross income of employees of academic health centers. Defines an "academic health center" as an organization which: (1) is a tax-exempt charitable organization providing medical care, hospital care, medical education, or medical research; (2) receives payments under the Social Security Act for either direct or indirect costs of graduate medical education; and (3) has as one of its principal functions the providing and teaching of basic and clinical medical science and research with the organization's own faculty.

To provide for line item veto; capital gains tax reduction; enterprise zones; raising the social security earnings limit workfare.

United States · United States Congress · 1 April 1993

TABLE OF CONTENTS: Title I: Line-Item Veto Title II: Capital Gains Title III: Social Security Earnings Test Title IV: Urban Tax Enterprise Zones and Rural Development Investment Zones Subtitle A: Designation and Tax Incentives Subtitle B: Redevelopment Bonds for Tax Enterprise Zones Subtitle C: Credit for Contributions to Certain Community Development Corporations Subtitle D: Indian Employment and Investment Subtitle E: Study Title V: Workfare Title I: Line Item Veto - Amends the Congressional Budget and Impoundment Control Act of 1974 to grant the President legislative line item veto rescission authority. Authorizes the President to rescind all or part of any budget authority if the President determines that such rescission: (1) would help balance the Federal budget, reduce the Federal budget deficit, or reduce the public debt; (2) will not impair any essential Government functions; and (3) will not harm the national interest. Requires the President to notify the Congress of such a rescission by special message. Makes such a rescission effective unless the Congress, during a review period of 20 calendar days, enacts a rescission disapproval bill. Describes: (1) information to be included in the President's message; and (2) procedures to govern consideration of rescission disapproval legislation in the Senate and the House of Representatives. Title II: Capital Gains - Amends the Internal Revenue Code to set forth a formula for the determination of a deduction for gain on investments in new small business stock (seed capital) held for at least five years. Establishes special rules for such investments. Provides for determining the maximum capital gains rate for small business net capital gain or seed capital gain. Treats capital gains on the sale of such stock as a preference item for purposes of the minimum tax. Title III: Social Security Earnings Test - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to increase the retirement test exempt amount and lower the reduction factor with respect to certain earnings. Title IV: Urban Tax Enterprise Zones and Rural Development Investment Zones - Declares it to be the purpose of this title to establish a demonstration program of providing incentives for the creation of tax enterprise zones in order to: (1) revitalize economically and physically distressed areas; (2) promote meaningful employment for zone residents; and (3) encourage individuals to reside in the zones in which they are employed. Subtitle A: Designation and Tax Incentives - Amends the Internal Revenue Code to provide for the designation of tax enterprise zones during calendar years after 1992 and before 1998: (1) by the Secretary of Housing and Urban Development, in the case of an urban tax enterprise zone; and (2) by the Secretary of Agriculture, in consultation with the Secretary of Commerce, in the case of a rural development investment zone. Sets forth the eligibility criteria for such designation for urban tax enterprise zones and for rural development investment zones. Allows an enterprise zone employment credit to small employers as a general business credit of 15 percent of the qualified zone wages. Allows a deduction for the purchase of enterprise zone stock paid in cash. Excludes from gross income 50 percent of qualified capital gain recognized on the sale or exchange of a new qualified zone asset held for more than five years. Subtitle B: Redevelopment Bonds for Tax Enterprise Zones - Sets forth special rules for tax-exempt redevelopment bonds which provide financing for tax enterprise zones for the first 60-month period after a zone is so designated. Subtitle C: Credit for Contributions to Certain Community Development Corporations - Allows a general business tax credit for contributions to selected community development corporations to provide employment of, and business opportunities for, low-income individuals who are residents of the operational areas of the community. Subtitle D: Indian Employment and Investment - Amends the Internal Revenue Code to establish an Indian reservation credit as a tax credit for investment in qualified Indian reservation property. Allows businesses an employment credit of ten percent (30 percent in the case of an employer with at least 85 percent Indian employees) of the sum of the qualified wages and qualified employee health insurance costs paid or incurred during a taxable year. Subtitle E: Study - Requires the Secretary of the Treasury, in consultation with the appropriate Secretary, to contract with the National Academy of Sciences to report to the House Committee on Ways and Means and the Senate Committee on Finance on the effectiveness of the incentives provided by this subtitle in achieving its purposes. Title V: Workfare - Requires the Secretary of Labor to report to the Congress on a comprehensive legislative proposal which would require adults receiving aid to families with dependent children under the Social Security Act to enter the workforce within two years of receiving such aid.

Public Housing Rehabilitation Equity Act

United States · United States Congress · 1 April 1993

Public Housing Rehabilitation Equity Act - Amends the Internal Revenue Code to make the low-income housing credit permanent. Makes such housing credit available for rehabilitation of public housing.

Roberta Achtenberg, of California, to be an Assistant Secretary of Housing and Urban Development, vice Gordon H. Mansfield, resigned.

United States · United States Senate · 30 March 1993

Fair Housing Rights Amendments Act of 1994

United States · United States Congress · 29 March 1993

Fair Housing Rights Amendments Act of 1993 - Amends the Civil Rights Act of 1968 to increase the penalties for violating the fair housing provisions of such Act. Sets forth specific penalties for fair housing violations that result in property damage exceeding $100, involve the use or attempted use of fire, or are committed with the use of, or while the perpetrator is carrying, a firearm.

Indoor Radon Abatement Reauthorization Act of 1993

United States · United States Congress · 25 March 1993

Indoor Radon Abatement Reauthorization Act of 1993 - Amends the Toxic Substances Control Act to direct the Administrator of the Environmental Protection Agency (EPA) to designate areas in which the average radon level is likely to exceed the national average by more than a de minimis amount as priority radon areas. Requires the Administrator to make available to the public final radon control standards and techniques for residential dwellings, multiunit residential structures, and schools. Directs the appropriate Federal official, before providing any direct Federal financial assistance, to require residential dwellings or multiunit residential structures constructed in a priority radon area later than two years after the establishment of new construction standards, the date of enactment of this Act, or the designation of such area as a priority radon area, whichever is later, to be constructed in accordance with radon control standards. Requires the Administrator to establish a radon design awards program to provide for awards for the best residential design incorporating radon control or mitigation standards. Makes specified activities eligible for grant assistance for radon programs. Requires local educational agencies located in priority radon areas to conduct radon tests in school buildings. Directs the Administrator to submit to the Congress a plan describing activities to be undertaken by Federal agencies to assess and mitigate radon in Federal buildings. Requires the Administrator and the Secretary of Housing and Urban Development to promulgate regulations for the disclosure of radon hazards in housing offered for sale or lease. Directs the Administrator to develop a written document containing radon-related information. Requires housing contracts to contain radon warning statements and affords potential purchasers the right to conduct a test and access to radon-related information. Prohibits persons from offering radon measurement devices or measurement or mitigation services unless they have completed the EPA radon proficiency program. Requires the Administrator to implement an outreach program to provide information about radon to the medical community. Directs Federal agencies to assure that new Federal buildings or schools constructed with Federal funds in priority radon areas conform to model construction standards for controlling radon levels. Requires the Secretary to disseminate information on health threats posed by radon and radon testing and mitigation methods to federally assisted housing in priority radon areas. Provides for testing of federally owned housing in such areas prior to the signing of a sales contract. Directs the Secretary to undertake a radon research program. Requires the Director of the National Institute for Occupational Safety and Health to study and report to the Congress on the extent of radon contamination in work places. Authorizes appropriations. Extends the authorization of appropriations for technical assistance, grants to States for radon programs, and regional radon training centers. Earmarks funds for radon remediation measures for local educational agencies and for grants to such agencies for reducing radon levels. Directs the Administrator to: (1) evaluate existing efforts to promote radon testing in homes and methods to increase such testing; and (2) report to the Congress on the effectiveness of alternative strategies to promote such testing. Requires the Administrator to conduct a program to reassess the human health risks associated with radon exposure.

To amend the Housing Act of 1949 to decrease the number of loans made under section 502 of such Act and increase the regular payments made by borrowers under such loans.

United States · United States Congress · 25 March 1993

Amends the Housing Act of 1949 to establish annual loan authority limits and minimum payments for specified rural housing loans.

To amend the Appalachian Regional Development Act of 1965 to include Montgomery, Roanoke, and Rockbridge Counties, Virginia, as part of the Appalachian region.

United States · United States Congress · 24 March 1993

Amends the Appalachian Regional Development Act of 1965 to include Montgomery, Roanoke, and Rockbridge Counties, Virginia, as part of the Appalachian region.

To amend section 203 of the National Housing Act to reduce the minimum downpayment required for a mortgage on a 1- to 4-family residence located in Alaska, Guam, Hawaii, or the Virgin Islands to be eligible for mortgage insurance under such Act.

United States · United States Congress · 24 March 1993

Amends the National Housing Act to reduce the minimum mortgage downpayment necessary to qualify for mortgage insurance in Alaska, Guam, Hawaii, or the Virgin Islands.

To amend the Internal Revenue Code of 1986 to provide that the treatment of tenant-stockholders in cooperative housing corporations also shall apply to stockholders of corporations that only own the land on which the residences are located.

United States · United States Congress · 18 March 1993

Amends the Internal Revenue Code to provide that the treatment of tenant-stockholders in cooperative housing corporations also shall apply to stockholders of corporations that only own the land on which the residences (except mobile homes) are located.

To authorize research and evaluation programs for monitoring, detecting, and abating lead based paint and other lead exposure hazards in housing, and for other purposes.

United States · United States Congress · 18 March 1993

Requires the Administrator of the Environmental Protection Agency to: (1) develop evaluation methods for lead detection products and techniques; (2) conduct long-term research to establish the sources of children's lead exposure; and (3) sponsor related public education and outreach efforts, including telephone hotline and clearinghouse systems. Requires the Director of the National Institute of Standards and Technology to conduct research on: (1) effective practices, techniques, and new technologies to reduce human exposure to lead; and (2) safety and effectiveness of lead removal and containment products. Authorizes State grants for compilation of lead exposure data.

To amend title 38, United States Code, to revise the formula for payments to States for care furnished to veterans in State homes.

United States · United States Congress · 18 March 1993

Revises the formula for payments made by the Secretary of Veterans Affairs to States for nursing home, domiciliary, and hospital care furnished to veterans who are eligible to receive such care in a facility of the Department of Veterans Affairs, but who instead receive such care in a State home.

Jesse Gray Housing Act

United States · United States Congress · 17 March 1993

Jesse Gray Housing Act - Amends the United States Housing Act of 1937 to direct the Secretary of Housing and Urban Development to carry out a program to construct new public housing units. Requires the Secretary to make financial assistance available for public housing projects, especially those likely to be disposed of or demolished. Prohibits the Secretary from approving a project demolition application. Requires public housing agencies to carry out job training and employment programs in connection with certain housing construction and revitalization projects. Reduces lower income rent contribution amounts under the National Housing Act, the United States Housing Act of 1937, the Housing Act of 1949, the Housing and Urban Development Act of 1965, and the Housing and Urban-Rural Recovery Act of 1983. Excludes welfare or social security cost-of-living adjustments from such adjusted income determinations.

Spending Priority Reform Act of 1993

United States · United States Congress · 17 March 1993

TABLE OF CONTENTS: Title I: Agriculture Appropriations Title II: Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Subtitle A: Department of Commerce Subtitle B: Related Agencies Subtitle C: Department of State Title III: Defense Appropriations Subtitle A: Research, Development, Test and Evaluation Subtitle B: Other Department of Defense Programs Subtitle C: Operations and Maintenance Title IV: Energy and Water Appropriations Subtitle A: Corps of Engineers Subtitle B: Department of Energy Title V: Interior Appropriations Title VI: Transportation Appropriations Title VII: Treasury, Postal Service, and General Government Appropriations Title VIII: Veterans Affairs, Housing and Urban Development, and Independent Agencies Appropriations Subtitle A: Department of Veterans Affairs Subtitle B: Independent Agencies Subtitle C: Department of Housing and Urban Development Title IX: Blue Smoke and Mirrors Spending Priority Reform Act of 1993 - Expresses the sense of the Congress that any money returned to the Treasury as a result of this Act should be deposited in the General Fund to be applied against the Federal budget deficit. Title I: Agriculture Appropriations - Rescinds FY 1993 appropriations to the Department of Agriculture for certain special research grants and for the construction of buildings and facilities of the Cooperative State Research Service which were not authorized, not awarded on a competitive basis, or not subjected to congressional hearings ("unauthorized"). Title II: Commerce, Justice, and State, the Judiciary and Related Agencies Appropriations - Subtitle A: Department of Commerce - Rescinds FY 1993 specified appropriations to: (1) the National Oceanic and Atmospheric Administration; and (2) the International Trade Administration. Subtitle B: Related Agencies - Rescinds FY 1993 appropriations to the Small Business Administration for unauthorized grants for specified miscellaneous projects. Subtitle C: Department of State - Rescinds FY 1993 appropriations to the Department of State for an unauthorized grant for the North/South Center at the University of Miami, Miami, Florida, and certain educational and cultural exchange programs. Title III: Defense Appropriations - Subtitle A: Research, Development, Test and Evaluation - Rescinds unauthorized FY 1993 appropriations made to the Department of Defense for: (1) university grants; (2) electrical vehicle demonstration projects; (3) Army industrial preparedness and manufacturing technology development programs; (4) medical research; (5) naval research, development, testing, and evaluation; and (5) the Space Surveillance Network Improvement Program. Subtitle B: Other Department of Defense Programs - Rescinds FY 1993 appropriations for efforts to prevent brown tree snakes from entering Hawaii from Guam. Subtitle C: Operations and Maintenance - Rescinds FY 1993 appropriations for the following projects: (1) self-powered locks; (2) grants for World University and 1996 Summer Olympics games and World Cup 1994; (3) Army procurement of extended cold weather clothing systems; (4) study of nuclear disposal by the former Soviet Union and for Project Peace; and (5) the Hawaiian Volcano Observatory. Title IV: Energy and Water Appropriations - Subtitle A: Corps of Engineers - Rescinds unauthorized FY 1993 appropriations for funding of surveys and planning activities and construction of water resource projects. Subtitle B: Department of Energy - Rescinds unauthorized FY 1993 appropriations made under the Energy and Water Development Appropriations Act, 1993, for funding certain energy supply, research, and development activities. Title V: Interior Appropriations - Rescinds FY 1993 appropriations for unauthorized funding of: (1) certain National Park System projects; (2) certain construction projects of the U.S. Fish and Wildlife Service; and (3) certain National Forest Service projects. Title VI: Transportation Appropriations - Rescinds FY 1993 appropriations to the Department of Transportation for unauthorized funding of: (1) certain airway science programs; (2) a certain highway research, development, and technology project; (3) certain construction and maintenance projects; (4) certain Federal Highway Administration demonstration projects; and (5) transit planning and research. Title VII: Treasury, Postal Service and General Government Appropriations - Rescinds FY 1993 appropriations to the General Services Administration for certain unauthorized grants for projects funded through the Federal Buildings Fund. Rescinds FY 1993 appropriations to the Office of Personnel Management for the establishment of health promotion and disease prevention programs. Title VIII: Veterans Affairs, Housing and Urban Development, and Independent Agencies Appropriations - Subtitle A: Department of Veterans Affairs - Rescinds FY 1993 appropriations to be Department of Veterans Affairs for unauthorized construction projects. Subtitle B: Independent Agencies - Rescinds 1993 appropriations to: (1) the Environmental Protection Agency for certain unauthorized projects; (2) the Consortium for International Earth Science Information Network; and (3) the National Aeronautics and Space Administration for certain unauthorized research and development projects and construction projects. Subtitle C: Department of Housing and Urban Development - Rescinds FY 1993 appropriations to the Department of Housing and Urban Development for unauthorized funding of certain housing projects and assistance programs. Title IX: Blue Smoke and Mirrors - Expresses the sense of the Congress that, with regard to the appropriations process, "forward funding" tactics should no longer be utilized and Congress should operate within the funding limits prescribed for each fiscal year.

Family Preservation and Child Protection Reform Act

United States · United States Congress · 16 March 1993

Family Preservation and Child Protection Reform Act - (Sec. 3) Amends part B (Child Welfare Services) of title IV of the Social Security Act to convert the Child Welfare program from an authorization to a capped innovative family services entitlement program. Requires maintenance of State effort under such program. Sets forth a new formula for allotments to States under such program. Requires States to use funds to provide respite care to any family operating a foster family home for one or more foster children with special needs. Requires the use of entitlement grants to develop or expand specialized child welfare services programs for families in crisis due to substance abuse. (Sec. 4) Reserves funds for grants to State court systems to assess and improve procedures in child welfare cases. (Sec. 5) Requires each State to periodically compile a detailed directory of programs designed to keep families together or reunify them or place children permanently, identifying which of such programs provides specialized child welfare services to families in crisis due to substance abuse. (Sec. 6) Requires States to inventory all children placed in foster care and determine the appropriate action in each case. Requires States to set up information and case review systems for each child receiving foster care, as well as specified service programs for all such children. (Sec. 7) Requires States to report on measures taken to comply with the Indian Child Welfare Act. (Sec. 9) Allows the involvement of private parties in the development of State plans. (Sec. 10) Amends title IV of the Social Security Act to add a new part C, Comprehensive Service Projects to grant States flexibility and resources to develop comprehensive and coordinated services. Authorizes demonstration projects for the coordination of child and family services. (Sec. 11) Makes children whose adoption has been set aside by a court eligible for discretionary foster care maintenance payments. Makes eligible for adoption assistance payments the adoptive parents of any such child with respect to whom foster care maintenance payments may be made. (Sec. 12) Expands the definition of children with special needs, for purposes of the adoption assistance program. (Sec. 13) Directs the Secretary of Health and Human Services (HHS) to establish an Advisory Committee on Foster Care Placement to study and report to the Secretary and the Congress on reasonable State efforts to prevent or eliminate the need for removal of children from their homes and to make it possible for foster children to return home. (Sec. 14) Amends the Internal Revenue Code to allow an individual a deduction for adoption expenses paid for a child with special needs. (Sec. 15) Requires the State plan to provide for a periodic reevaluation of foster care maintenance payments. (Sec. 16) Revises requirements for dispositional hearings to determine the final status of a foster child, in part to accelerate such hearings. (Sec. 18) Revises certain case plan requirements for placement of children in out-of-State foster care, including special State reports on such placements. (Sec. 19) Revises certain requirements for the treatment of assets of youth participating in the independent living program. (Sec. 20) Eliminates the ceilings on Federal foster care payments to States and the States' authority to transfer unused foster care funds to the Child Welfare Services program. (Sec. 21) Directs the Secretary of HHS to: (1) establish an advisory committee; and (2) issue final regulations for training of staff of agencies responsible for administering foster care and adoption assistance programs and for training of foster and adoptive parents. Requires the Secretary to publish a model staff recruitment, training, and staff retention program for State and local child welfare agencies. (Sec. 23) Provides for grants for child welfare traineeships. (Sec. 25) Amends title IV of the Social Security Act to add a new part G, Child Welfare Review System. Directs the Secretary of HHS to establish such system to: (1) review each State child welfare program to assess whether the requirements of such Act are being carried out; (2) impose financial penalties in cases of substantial failure to comply; and (3) provide technical assistance to any such program. (Sec. 26) Requires the Secretary to establish a work group to advise on the planning and implementation of the system to be used for the collection of data relating to adoption and foster care. (Sec. 27) Requires the Secretary to conduct, through contracts with independent research organizations, the following research and evaluation projects; (1) foster care evaluations; (2) longitudinal child welfare data bases; and (3) studies of child welfare population dynamics. Requires the Secretary to study child separation practices in at least three States and develop appropriate separation guidelines. (Secs. 28-30) Directs the Secretary of HHS to conduct certain demonstration projects with respect to child welfare, independent living services for young adults, and home rebuilding for children released from foster care. Directs the Secretary to appoint a Commission on the Evaluation of Disability in Children. (Sec. 32) Amends part A of title XI of the Social Security Act to overturn certain limitations in Suter v. Artist M. on private enforceability of State plan requirements.

To amend the Internal Revenue Code of 1986 to permit penalty-free withdrawals from individual retirement accounts to purchase first homes or pay higher education expenses.

United States · United States Congress · 16 March 1993

Amends the Internal Revenue Code to allow penalty-free distributions from eligible individual retirement plans for qualified first-time home purchases or qualified higher education expenses.

Enterprise Zone and Model Neighborhood Aid Act of 1993

United States · United States Congress · 15 March 1993

TABLE OF CONTENTS: Title I: Urban Tax Enterprise Zones and Rural Development Investment Zones Subtitle A: Designation and Tax Incentives Subtitle B: Redevelopment Bonds for Tax Enterprise Zones Subtitle C: Expansion of Targeted Jobs Credit Subtitle D: Credit for Contributions to Certain Community Development Corporations Subtitle E: Authority for National Banks To To Deal in Securities of Corporations Located in Tax Enterprise Zones Subtitle F: Report on Number of Areas Meeting Enterprise Zone Criteria Title II: Additional Assistance to Enterprise Zones and Other Distressed Communities Subtitle A: National Public-Private Partnership Program Subtitle B: Coordinated and Comprehensive Neighborhood Aid for Tax Enterprise Zones and Other Communities Subtitle C: Community Development Block Grant Program Subtitle D: Young Adult Employment Demonstration Program Subtitle E: National Community Economic Partnership Subtitle F: Miscellaneous Programs Enterprise Zone and Model Neighborhood Aid Act of 1993 - Title I: Urban Tax Enterprise Zones and Rural Development Investment Zones - Declares it to be the purpose of this Act to establish a demonstration program of providing incentives for the creation of tax enterprise zones in order to: (1) revitalize economically and physically distressed areas; (2) promote meaningful employment for zone residents; and (3) encourage individuals to reside in the zones in which they are employed. Subtitle A: Designation and Tax Incentives - Amends the Internal Revenue Code to provide for the designation of tax enterprise zones during calendar years after 1992 and before 1997: (1) by the Secretary of Housing and Urban Development (HUD), in the case of an urban tax enterprise zone; and (2) by the Secretary of Agriculture, in consultation with the Secretary of Commerce, in the case of a rural development investment zone. Sets forth the eligibility criteria for such designation for urban tax enterprise zones and for rural development investment zones. Allows an enterprise zone employment credit to small employers and tax-exempt organizations as a general business credit of 15 percent of the qualified zone wages. Allows such credit for the first five years of the employee's employment. Allows a deduction for the purchase of enterprise zone stock of 50 percent of the amount paid in cash. Provides a formula for the nonrecognition of certain gain on the sale or exchange of a new qualified zone asset held for more than ten years. Subtitle B: Redevelopment Bonds for Tax Enterprise Zones - Sets forth special rules for tax-exempt redevelopment bonds which provide financing for tax enterprise zones for the first 60-month period after a zone is so designated. Subtitle C: Expansion of Targeted Jobs Credit - Includes economically disadvantaged zone residents as members of a targeted group. Subtitle D: Credit for Contributions to Certain Community Development Corporations - Allows a general business tax credit for five percent of contributions to selected community development corporations to provide employment of, and business opportunities for, low-income individuals who are residents of the operational area of the community. Subtitle E: Authority for National Banks to Deal in Securities of Corporations Located in Tax Enterprise Zones - Authorizes national banks which meet minimum capital requirements and are located in tax enterprise zones to deal in securities of corporations located in such zones. Subtitle F: Report on Number of Areas Meeting Enterprise Zone Criteria - Directs the Secretary of the Treasury to report to the Congress on the number of areas which satisfy the tax enterprise zone eligibility criteria and the estimated cost to the Government if all such areas were designated as tax enterprise zones. Title II: Additional Assistance to Enterprise Zones And Other Distressed Communities - Subtitle A: National Public-Private Partnership Programs - Expresses the sense of the Congress that public-private partnerships between government and community-based organizations offer an opportunity to empower residents of low-income distressed communities and to forge innovative solutions to the challenges confronting these communities, and that increased resources should be invested in such partnerships. Authorizes appropriations to promote certain national public-private partnerships for FY 1993 through 2002. Specifies amounts to be available only for projects or activities that directly and principally benefit the residents of tax enterprise zones. Subtitle B: Coordinated and Comprehensive Neighborhood Aid for Tax Enterprise Zones and Other Communities - Chapter 1: Enterprise Community Block Grant Demonstration Program - Authorizes appropriations for FY 1993 through 2002 for the Interagency Council for Neighborhood Aid to carry out the Enterprise Community Block Grant Demonstration Program. Requires such program to provide assistance on behalf of each tax enterprise zone which has a neighborhood aid plan. Provides for the allocation and use of such amounts for carrying out selected programs within such zones. Chapter 2: Model Neighborhood Aid Program - Requires the Interagency Council to carry out a program to provide assistance to local governments to fund and implement eligible programs. Chapter 3: Eligible Programs and Interagency Council for Neighborhood Aid - Specifies the eligible programs in the areas of: (1) crime and criminal justice; (2) job training; (3) education; (4) health, nutrition and family assistance; and (5) housing and community development. Sets forth requirements for applying for funding. Establishes the Interagency Council for Neighborhood Aid to provide administrative assistance for functions under this title. Requires the Council, one year after enactment of this Act, to report to the Congress on: (1) any alternative methods or systems for allocation of amounts made available for enterprise zones; and (2) any problems experienced in the implementation and administration of this subtitle. Subtitle C: Community Development Block Grant Program - Amends the Housing and Community Development Act of 1974 to raise the cap on assistance under the community development block grant program for units of general local government located within or containing an urban tax enterprise zone. Authorizes the Secretary of HUD to make loan guarantees for such units of local government for development activities. Subtitle D: Young Adult Employment Demonstration Program - Amends the Job Training Partnership Act to establish the young adult employment demonstration program to assist young adults with education, job training, and employment services in tax enterprise zones. Subtitle E: National Community Economic Partnership - National Community Economic Partnership Act of 1993 - Authorizes the Secretary of Health and Human Services to provide assistance to States to carry out State plans for assistance to community development corporations. Describes the assistance available through nonrefundable lines of credit or grants. Subtitle F: Miscellaneous Programs - Enterprise Capital Access Fund Demonstration Program - Establishes a demonstration program to provide loans and technical assistance grants to nonprofit financial intermediaries in order to finance business and employment opportunities, low-income housing opportunities, and neighborhood revitalization projects. Directs the Secretary of Labor, in consultation with the Secretary of Transportation, to establish a Reverse Commuting Demonstration Program to test the effects of assisting residents of poor inner-city areas to commute to job sites in other areas of the city or surrounding suburbs.

Emergency Supplemental Appropriations Act of 1993

United States · United States Congress · 15 March 1993

TABLE OF CONTENTS: Title I: Emergency Supplemental Appropriations Title II: General Provisions Emergency Supplemental Appropriations Act of 1993 - Makes emergency supplemental appropriations for FY 1993. Title I: Emergency Supplemental Appropriations - Makes additional appropriations available to the Department of Agriculture, the Food and Drug Administration, and related agencies for: (1) the Agricultural Research Service; (2) the Food Safety and Inspection Service; (3) the Soil Conservation Service; (4) the Farmers Home Administration; (5) the Rural Development Administration; and (6) the Food and Nutrition Service. Makes additional funds available to the Department of Commerce for the Economic Development Administration, the Minority Business Development Agency, and the National Oceanic and Atmospheric Administration, the National Institute of Standards and Technology, and the National Telecommunications and Information Administration. Makes additional funds available for the Equal Employment Opportunity Commission and the Small Business Administration. Makes additional funds available for the Federal payment to the District of Columbia. Makes additional funds available to the Army Corps of Engineers-Civil for general construction, flood control for the Mississippi River and tributaries, Arkansas, Illinois, Kentucky, Louisiana, Mississippi, Missouri, and Tennessee, and general operation and maintenance. Makes additional funds available to the Department of Energy for energy supply, research, and development activities. Makes additional appropriations available to the Department of the Interior for the Bureau of Land Management, the United States Fish and Wildlife Service, the National Park Service, and the Bureau of Indian Affairs. Makes additional funds available to the Department of Agriculture for the National Forest System and the Department of Energy for energy conservation. Makes additional funds available to: (1) the Department of Labor for the Employment and Training Administration; (2) the Department of Health and Human Services for the Health Resources and Services Administration, the National Institutes of Health, the Social Security Administration, and the Administration for Children and Families; and (3) the Department of Education. Makes additional funds available to the Department of Transportation for the Federal Aviation Administration, the Federal Highway Administration, Federal Railroad Administration, and the Federal Transit Administration. Makes supplemental funds available to: (1) the Department of the Treasury for the Internal Revenue Service; and (2) the General Services Administration for the Federal Buildings Fund. Makes additional amounts available to: (1) Department of Veterans Affairs for the Veterans Health Administration and departmental administration; (2) the Department of Housing and Urban Development; and (3) the Commission on National and Community Service; (4) the Environmental Protection Agency; (5) the National Aeronautics and Space Administration; and (6) the National Science Foundation. Title II: General Provisions - Designates funds under this Act as emergency requirements for all purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

To provide demonstration grants to secondary schools for the purpose of extending the length of the academic year at such schools.

United States · United States Congress · 15 March 1993

Directs the Secretary of Education to provide demonstration grants to secondary schools to extend the length of the academic year for three consecutive years at such schools to at least 200 academic days, with each such day consisting of at least seven hours of actual instruction. Requires selection, to the extent practicable, of schools that: (1) have a high percentage of students from single-parent homes or homes where both parents work; (2) are located in economically depressed communities with high percentages of individuals with alcohol and other drug abuse problems and individuals involved in gang activities; and (3) are equitably distributed among various regions and among rural and urban areas. Directs the Secretary to study and report on the effects of such academic year extension. Authorizes appropriations.

Telemarketing and Consumer Fraud and Abuse Prevention Act

United States · United States Congress · 11 March 1993

Telemarketing and Consumer Fraud and Abuse Prevention Act - Requires the Federal Trade Commission (FTC) to prescribe rules regarding telemarketing activities and prohibiting fraudulent telemarketing acts or practices. Sets forth provisions concerning actions by States and by private persons to enforce compliance with such regulations. Provides for the establishment of a clearinghouse for inquiries made to Federal agencies concerning telemarketing. Amends the Right to Financial Privacy Act of 1978 to permit a financial institution, upon application of a Government authority, to delay notifying a customer of the release of a customer's records if, by court order, it is found that notifying the customer will result in the dissipation or destruction of assets subject to seizure under any U.S. law by reason of having been obtained in violation of law. Amends the Federal Trade Commission Act to authorize the FTC to bring a criminal contempt action for violations of orders obtained in false advertising cases under such Act. Directs the FTC to conduct a study of unfair or deceptive acts or practices engaged in by life care homes.

To designate military installations selected for closure or realignment under a base closure law, and the communities within which such military installations are located, as enterprise zones for purposes of title VII of the Housing and Community Development Act of 1987 and as redevelopment areas for purposes of the Public Works and Economic Development Act of 1965.

United States · United States Congress · 10 March 1993

Requires each military installation selected for closure or substantial realignment under a base closure law to be designated as: (1) an enterprise zone for purposes of title VII of the Housing and Community Development Act of 1987; and (2) a redevelopment area for purposes of title IV of the Public Works and Economic Development Act of 1965 (making the local community of such military installation eligible for certain developmental financial and other assistance). Requires such designations to be made within 60 days after the recommendation for installation closure or realignment. Amends the Stewart B. McKinney Homeless Assistance Act to prohibit the Secretary of Housing and Urban Development, in the case of each military installation designated as either an enterprise zone or a redevelopment area, from identifying buildings or other properties at such installation as suitable for housing for the homeless until: (1) such Secretary certifies to the Congress that such buildings or properties are no longer being considered for commercial uses as an enterprise zone; and (2) the Secretary of Commerce makes the same certification with respect to such use as a redevelopment area.

To amend section 203 of the National Housing Act to reduce the minimum downpayment required for a mortgage on a 1- to 4-family residence located in Alaska, Guam, Hawaii, or the Virgin Islands to be eligible for mortgage insurance under such Act.

United States · United States Congress · 9 March 1993

Amends the National Housing Act to reduce the minimum mortgage downpayment necessary to qualify for mortgage insurance in Alaska, Guam, Hawaii, or the Virgin Islands.

Jean Nolan, of Maryland, to be an Assistant Secretary of Housing and Urban Development, vice Mary Shannon Brunette.

United States · United States Senate · 8 March 1993

Terrence R. Duvernay, Sr., of Georgia, to be Deputy Secretary of Housing and Urban Development, vice Alfred A. DelliBovi, resigned.

United States · United States Senate · 5 March 1993

Enterprise Zone Environmental Restoration Act of 1993

United States · United States Congress · 5 March 1993

Enterprise Zone Environmental Restoration Act of 1993 - Directs the Administrator of the Environmental Protection Agency to establish a program to award grants for environmental testing and characterization on land owned by political subdivisions of States to political subdivisions that submit approved applications for such activities on impacted sites. Defines an "impacted site" as an area designated as an enterprise zone pursuant to the Housing and Community Development Act of 1987 or that receives a similar designation under other Federal law. Permits the Administrator to authorize State Governors to carry out State grant programs to carry out this Act. Sets forth conditions for the receipt of grants. Authorizes appropriations.

A bill to amend the Internal Revenue Code of 1986 to permanently extend and modify the low-income housing tax credit.

United States · United States Congress · 3 March 1993

Amends the Internal Revenue Code to make the low-income housing credit permanent. Modifies provisions concerning unused housing credit carryovers by States to allow States to carry over more unused credits from year to year. Provides that a unit shall not fail to be treated as low-income because it is occupied by students or persons enrolled in job training programs under the Job Training Partnership Act. Authorizes the Secretary of the Treasury to waive: (1) any recapture of credit (required to be included in tax) in the case of any de minimis error in complying with tests for qualified low-income housing projects; or (2) any annual recertification of tenant income if the entire building is occupied by low-income tenants. Determines the adjusted basis of any building (for purposes of the low-income housing credit) by taking into account the adjusted basis of the property used in community activity facilities if: (1) such facilities are designed to serve individuals meeting income requirements for the housing project; and (2) not more than 20 percent of the aggregate eligible basis of all buildings in the project is attributable to the aggregate basis of such facilities. Applies at-risk rules to low-income housing credit property that also qualifies for the historic site rehabilitation credit and to qualified lenders. Adds conditions prohibiting discrimination against Section 8 tenants for purposes of meeting extended low-income housing commitments required to receive credits.

National Voluntary Service and Educational Opportunity Act of 1993

United States · United States Congress · 3 March 1993

TABLE OF CONTENTS: Title I: Establishment of the Citizens Corps Title II: Administration of the Citizens Corps Subtitle A: Administration of the Civilian Service and Senior Service Subtitle B: Provision of National Service Positions for Members of the Civilian Service and Senior Service Subtitle C: Deferred Placement of Members of the Civilian Service Subtitle D: Administration of the Citizens Corps With Regard to Service in the Armed Forces Title III: Benefits for Participating in the Citizens Corps Title IV: Miscellaneous Provisions National Voluntary Service and Educational Opportunity Act of 1993 - Title I: Establishment of the Citizens Corps - Establishes a Citizens Corps to provide the following voluntary national service options: (1) Civilian Service; (2) Service in the Armed Forces; and (3) Senior Service. Sets forth requirements for individual eligibility, terms of service, types of national and community service, applications, and placements. Title II: Administration of the Citizens Corps - Subtitle A: Administration of the Civilian Service and Senior Service - Makes the Commission on National and Community Service responsible for administering the Civilian Service and Senior Service of the Citizen Corps. Directs the Commission to make general grants to States for: (1) paying stipends and wages for Civilian and Senior Services members; (2) providing and administering national service opportunities in each State for such members; and (3) making grants to national service councils in each State. Authorizes supplemental grants to a State or to a Federal agency under certain conditions. Subtitle B: Provision of National Service Positions for Members of the Civilian Service and Senior Service - Directs each State Governor to prepare a national service plan specifying priorities in the State for providing national service opportunities for Civilian and Senior Services members. Requires designation, and allows redesignation after the first two years, of volunteer service areas for the State. Requires establishment of a national service council for each volunteer service area. Requires each council to: (1) recruit and place volunteers; (2) prepare and implement a volunteer recruitment and placement plan (subject to public review and the Governor's approval); (3) select service sponsors (public agencies or public or nonprofit organizations); and (4) prevent displacement of workers. Requires each State to establish a grievance procedure for resolving complaints of worker displacement by Corps members. Authorizes the Commission to require a private nonprofit organization to pay a limited amount for each Corps member placed in a national service position with that organization. Subtitle C: Deferred Placement of Members of the Civilian Service - Provides for a deferred placement program under which individuals eligible to serve in the Civilian Service may receive financial assistance for an education or training program at an educational institution or training establishment, if they have received a high school diploma or equivalent and are accepted or enrolled as a full-time student. Makes the Government's financial obligation (and any participant obligation conditioned thereon) contingent upon appropriations for assistance under this subtitle. Subtitle D: Administration of the Citizen Corps with Regard to Service in the Armed Forces - Makes the Secretary of Defense responsible for administering Citizens Corps members' service in the Armed Forces. Provides for a deferred enlistment program under which a certain number of individuals eligible to enlist for service in the Armed Forces as Citizens Corps members may receive financial assistance for an education or training program at an educational institution or training establishment. Directs the Secretary concerned to expand the Senior Reserve Officers' Training Corps program to accommodate such number of individuals. Title III: Benefits for Participating in the Citizens Corps - Requires the State (or the Federal agency where a member is placed) to provide specified weekly stipends to Civilian Service members and hourly wages to Senior Service members. Requires the Commission to provide other assistance for Civilian and Senior Services members, as well as health insurance for each Civilian Service member. Sets compensation for Citizens Corps members serving in the Armed Forces at 66 percent of the basic rates for other comparable members of the Armed Forces. Makes such Citizen Corps members ineligible for specified benefits. Provides for the following educational or housing benefits, as the participant elects, for the following types of Citizens Corps service: (1) up to $10,000 for each year of Civilian Service; (2) up to $24,000 for two years of active duty in the Armed Forces; and (3) up to $12,000 for one year of service in a Selected Reserve of the Armed Forces. Allows a prorated benefit in certain cases of partial service. Directs the Commission and the Secretary of Veterans Affairs, as appropriate, to administer such financial assistance. Sets a ten-year limit on use of such assistance, with exceptions. Excludes such assistance from gross income for Internal Revenue Code purposes. Includes such assistance in determination of family contribution for student assistance need analysis under the Higher Education Act of 1965. Title IV: Miscellaneous Provisions - Entitles Peace Corps and VISTA volunteers who successfully complete their service after the effective date of this Act to the same education or housing assistance benefits as Civilian Service members, but reduces such benefits to reflect any compensation that is more than the Civilian Service stipend. Authorizes appropriations.

Small Business Capital Enhancement Act of 1993

United States · United States Congress · 2 March 1993

Small Business Capital Enhancement Act of 1993 - Establishes the Small Business Capital Enhancement Program to enhance the availability of financing for small business concerns. Authorizes any State to apply to the Secretary of Housing and Urban Development for approval as a participating State eligible for reimbursement. Sets forth application approval criteria. Provides that a non-participating State that has its own capital access program providing portfolio insurance for business loans (based on a separate loss reserve fund for each financial institution) may apply to be approved as a participating State. Specifies that: (1) if a State is approved, each financial institution with a particular agreement in effect with the State shall immediately be considered a participating financial institution; (2) reimbursements may be made in connection with all contributions to the reserve funds by the State with respect to lending that occurs after the Secretary approves the State; (3) if an amended participation agreement is required to secure participation approval, contributions subject to reimbursement shall include only those contributions made to a reserve fund with respect to loans enrolled after an amended participation agreement becomes effective; and (4) a State with an existing program that is approved may continue to implement the program utilizing the reserve funds accumulated under the State program. Prohibits the Secretary from approving a State until at least $50 million has been appropriated for reimbursements. Requires an approved State that wishes to amend its form of participation agreement and continue as a participating State to submit such amendment for review by the Secretary. Provides that any such amendment shall become effective only after approval. Establishes requirements with respect to the terms of participation agreements. Sets forth reporting requirements. Provides for reimbursement by the Secretary of participating States, based on specified formulas. Requires a participating State that withdraws funds from a reserve fund pursuant to terms of the participation agreement to reimburse the Secretary according to a specified formula. Authorizes appropriations.