Taxation

Small Business Tax Extenders Act of 2012

United States · United States Congress · 31 January 2012

Small Business Tax Extenders Act of 2012 - Amends the Internal Revenue Code to extend through 2012: (1) the 100% exclusion from gross income of gain from the sale or exchange of certain small business stock; (2) the five-year carryback of the general business tax credits of eligible small businesses; (3) the offset against the alternative minimum tax (AMT) of general business tax credits; (4) the reduction (from seven to five years) in the recognition period for the built-in gains of S corporations; (5) the increased expensing allowance for depreciable business assets, including computer software; (6) the special tax rule for long-term contract accounting; (7) the increased tax deduction for small business start-up expenditures; and (8) the tax deduction for health insurance premiums in computing self-employment taxable income.

A bill to amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes.

United States · United States Congress · 31 January 2012

Amends the Internal Revenue Code, with respect to the tax treatment of certain life insurance contract transactions, to require reporting to the Internal Revenue Service (IRS) of: (1) information identifying persons who acquire a life insurance contract, or any interest therein, in a reportable policy sale; (2) information identifying a seller who transfers an interest in a life insurance contract and the seller's investment in the contract; and (3) reportable death benefit payments. Requires a basis adjustment for mortality, expense, or other reasonable charges incurred under an annuity or life insurance contract. Exempts from rules limiting the exclusion from gross income of life insurance death benefit amounts any amounts realized from the transfer of a life insurance contract, or any interest therein, that is a reportable policy sale.  Defines "reportable policy sale" as the acquisition of an interest in a life insurance contract, directly or indirectly, if the acquirer has no substantial family, business, or financial relationship with the insured apart from the acquirer's interest in such life insurance contract.

Government Efficiency through Small Business Contracting Act of 2012

United States · United States Congress · 31 January 2012

Government Efficiency through Small Business Contracting Act of 2012 - Amends the Small Business Act to raise from 23% to 25% the governmentwide prime contract award goal for participation by small business concerns and to make the governmentwide subcontract participation award goal 40% for such businesses. Revises percentage goals for awards to small businesses owned and controlled by service-disabled veterans, qualified HUBZone (historically underutilized business zone) small businesses, small businesses owned by socially and economically disadvantaged individuals, and small businesses owned by women (small business categories). Requires the small business procurement goals established by the head of each federal agency participating in federal procurement contracts to: (1) be in the same format as the goals established by the President; (2) address both prime contract and subcontract awards; and (3) meet or exceed the government-wide goals for each small business category. Requires each agency head to: (1) consult with the Administrator of the Small Business Administration (SBA) in establishing agency goals, and (2) develop a plan for achieving agency goals. Revises requirements concerning information required to be included in annual reports from: (1) agency heads to the Administrator concerning the extent of small business participation in that agency's procurement contracts; and (2) the Administrator to the President and Congress on whether individual agency goals were achieved, as well as reasons for any failure to achieve such goals. Requires, in the latter reports, information concerning the number and dollar amounts of prime contracts awarded to small businesses owned by an Alaska Native Corporation. Requires training programs established for the development of federal senior executives to include training with respect to federal procurement requirements, including those under the Small Business Act. Prohibits the granting of sabbaticals or incentive awards to a senior executive whose agency did not achieve its small business procurement contracting and subcontracting goals in the preceding fiscal year.

To amend the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to provide for the imposition of sanctions with respect to the National Iranian Oil Company and the National Iranian Tanker Company.

United States · United States Congress · 31 January 2012

Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to direct the Secretary of the Treasury to determine whether the National Iranian Oil Company (NIOC) or the National Iranian Tanker Company (NITC) is an agent or affiliate of Iran's Islamic Revolutionary Guard Corps (IRGC) and submit such determination to Congress. Applies, 180 days after the enactment of the National Defense Authorization Act for Fiscal Year 2012 (P.L. 112-81), specified prohibitions and conditions on U.S. correspondent or payable-through accounts of foreign financial institutions that engage in petroleum or petroleum product transactions with, or provide related financial services to, the NIOC or NITC if the President determines that there is a sufficient supply of non-Iranian petroleum and petroleum product sources to permit purchasers of Iranian petroleum and petroleum products to reduce significantly their purchases from Iran. Exempts from such provision foreign financial institutions from a country that has significantly reduced its crude oil purchases from Iran.

Honest Budget Act of 2012

United States · United States Congress · 31 January 2012

Honest Budget Act of 2012 - Amends procedures in the Congressional Budget Act of 1974 that make it out of order in the Senate to consider appropriations legislation until the Senate agrees to a concurrent resolution on the budget. Permits waivers or suspension of such requirements, or successful appeals from a ruling of the Chair, by an affirmative vote of three-fifths (60) of the Senate. Makes it out of order in either chamber to consider certain bills, joint resolutions, or conference reports that designate as: (1) an emergency requirement any provision that creates discretionary or direct spending or decreases revenues, or (2) being for disaster relief. Requires an affirmative vote of three-fifths of the Members to successfully appeal a ruling of the Chair on a point of order against such a measure. Establishes a procedure for emergency designations by amendment. Makes it out of order in the House of Representatives to consider a rule or order that waives the application of such prohibitions against consideration of such measures or amendments. Amends the Federal Credit Reform Act of 1990 (FCRA) to revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis (currently, a FCRA accrual basis). Expands such new budgetary treatment to financial investments beginning in FY2015. Defines "financial investment" as a federal government investment in any securities (debt or equity) or futures, swaps, or other derivatives, issued by a non-federal entity, regardless of whether the issuances are federally guaranteed, or issued by a federal entity if the issuance consists of marketable securities. Requires the President's budget: (1) from FY1992 on to reflect the Treasury discounting component of direct loan and loan guarantee programs; and (2) from FY2015 on to reflect the costs of direct loan, loan guarantee, and financial investment programs. Defines "Treasury discounting component" as the estimated long-term cost to the federal government of a direct loan, loan guarantee, or financial investment calculated on a net present value basis, excluding administrative costs and any incidental effects on governmental receipts or outlays. Revises other requirements for the President's budget including conditions for new direct loan obligations incurred and loan guarantee commitments made for FY1992 and thereafter, and new financial investment commitments for FY2015 and thereafter. Requires new budget authority for such loans or loan guarantee or financial investment commitments to be provided in advance in an appropriations Act. Exempts a direct loan or loan guarantee program that constitutes an entitlement (such as the guaranteed student loan program or the veteran's home loan guaranty program) as well as all existing credit programs of the Commodity Credit Corporation (CCC) from: (1) the above requirement; and (2) the prohibition against modification of an outstanding direct loan, loan guarantee, or financial investment in a manner that increases its costs unless budget authority for the additional cost has been provided in advance in an appropriations Act. Revises requirements for Treasury transactions with financing accounts (nonbudget accounts associated with each program account which holds balances, receives the cost payment from the program account, and also includes all other cash flows to and from the federal government resulting from such obligations or commitments made on or after October 1, 1991). Limits the availability of amounts in liquidating accounts to specified payments resulting from direct loan obligations or loan guarantee commitments made before October 1, 1991. Prescribes requirements for consideration of legislation in both chambers after agreement on a budget resolution (in effect, extending a point of order against certain changes in mandatory programs to all such programs in appropriations bills). Prohibits the congressional budget committees from counting rescissions of budget authority that do not result in outlay savings over the period covered by a budget resolution when determining the levels of new budget authority, outlays, direct spending, new entitlement authority, and revenues for a fiscal year. Suspends within-grade step increases in the compensation of certain federal employees from the date of enactment of this Act until December 31, 2012. Makes it out of order in both chambers to consider any legislation that would provide an advance appropriation, except for specified programs or activities, including the Employment and Training Administration, education for the disadvantaged, Head Start, rental assistance, the Corporation for Public Broadcasting, and veterans' medical services. Allows: (1) waiver of this rule in either chamber by an affirmative vote of three-fifths of the Members; and (2) successful appeals in the Senate from the ruling of the Chair, only by an affirmative vote of three-fifths (60). Makes it out of order in the House, notwithstanding the allowance of such a waiver by the vote of a super-majority, to consider a rule or order that waives the application of such prohibition. Prohibits shifts in outlays or revenues from one year to another by a date change to act as an offset for other provisions that increase the deficit for a time period. Makes it out of order in the House to consider a rule or order that waives the application of such prohibition. Prescribes a budget scoring rule for transfers from the Treasury General Fund to the Highway Trust Fund that increase the level of indebtedness subject to the current applicable statutory public debt limit. Makes it out of order in the House to consider a rule or order that waives the application of such requirement.

To amend the Internal Revenue Code of 1986 to disallow a deduction for amounts paid or incurred by a responsible party relating to a discharge of oil.

United States · United States Congress · 31 January 2012

Amends the Internal Revenue Code to deny a tax deduction for business-related expenses paid or incurred by a responsible party relating to an incident resulting in the discharge of oil into the navigable waters, other than an incident caused by an act of God or an act of war.

Narrowing Exceptions for Withholding Taxes Act of 2012

United States · United States Congress · 31 January 2012

Narrowing Exceptions for Withholding Taxes Act of 2012 - Amends the Internal Revenue Code and title II (Old-Age, Survivors, and Disability Insurance Benefits) of the Social Security Act to require a shareholder of a subchapter S corporation engaged in a professional service business to include all items of income or loss attributable to such business in determining such shareholder's net earnings from self-employment for purposes of computing employment tax liability. Defines a "professional service business" as any trade or business substantially all of the activities of which involve providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services.

American Energy and Infrastructure Jobs Act of 2012

United States · United States Congress · 31 January 2012

American Energy and Infrastructure Jobs Act of 2012 - Authorizes appropriations out of the Highway Trust Fund (HTF) (other than the Alternative Transportation Account) equal to current federal highway funding levels for FY2013-FY2016 for: (1) certain core federal-aid highway programs, and (2) Federal Highway Administration (FHWA) administrative expenses. Authorizes appropriations out of the HTF Alternative Transportation Account equal to such levels for FY2013-FY2016 for certain other core federal-aid highway programs. Prescribes ceiling obligations for: (1) federal-aid highway and highway safety construction programs, and (2) the Alternative Transportation Account. Directs the Secretary of Transportation of the U.S. Department of Transportation (DOT) to apportion the remainder of federal-aid highway funds to the states for the National Highway System (NHS), the congestion mitigation and air quality improvement (CMAQ), the surface transportation, and the highway safety improvement programs. Directs the Secretary to identify deficient highway bridges in each state and determine their replacement and rehabilitation costs. Requires states to develop and implement a risk-based state asset management plan identifying actions for the maintenance, repair, and rehabilitation of NHS infrastructure and that lead to the achievement of the national goals for infrastructure condition and performance. Replaces the interstate maintenance program with the NHS program. Revises NHS program, surface transportation program, and CMAQ eligibility requirements. Revises formulae for the state apportionment of federal-aid highway funds in urbanized areas with populations over 200,000 as well as in other areas. Authorizes a state to obligate the apportionment of CMAQ funds for projects: (1) resulting in new capacity for single occupant vehicles only if it will contribute to the mitigation of congestion or improvement of air quality, and (2) for PM-10 nonattainment areas. Revises the equity bonus program. Requires the Secretary to ensure that a state's apportionment of funds for specified federal-aid highway programs is at least 94% (currently, 92%) of the amount obtained from a specified formula involving estimated highway use taxes paid into the HTF by a state. Reauthorizes and revises the emergency relief fund program. Revises program eligibility requirements to include the costs of debris removal as an eligible disaster project cost only in certain cases. Authorizes the Secretary to obligate fund amounts for the repair or reconstruction of disaster-affected tribal roads, federal lands highways, and other federally-owned roads open to public travel, whether or not they are federal-aid highways. Revises the apportionment of funds to states for the construction of ferry boats and ferry terminal facilities (excluding ferry maintenance facilities). Revises the highway bridge program. Directs the Secretary to: (1) inventory all highway bridges and tunnels, (2) identify structurally deficient or functionally obsolete bridges or tunnels, (3) assign a risk-based priority for replacement or rehabilitation of each structurally deficient bridge or tunnel, (3) establish national inspection standards for evaluating all highway bridges and tunnels, and (4) establish a training program for highway bridge and tunnel inspectors. Makes 10% of a state's apportionment of certain federal-aid highway funds available only for National Highway System (NHS) bridge replacement projects. Amends the federal-aid highway program to modify the minimum penalties states are required to impose on motorists convicted multiple times for driving while intoxicated or under the influence of alcohol. Requires repeat offenders to have: (1) all their driving privileges (currently, only a driver's license) suspended for at least one year; or (2) their unlimited driving privileges suspended for one year, with limited driving privileges permitted, if an ignition interlock device is installed for at least one year on each of the motor vehicles they own or operate. Amends the the Transportation Infrastructure Finance and Innovation Act (TIFIA) to revise DOT's TIFIA program of direct loans, loan guarantees, and credit for surface transportation projects. Makes eligible for TIFIA program assistance: (1) a program of related transportation projects coordinated to achieve a common transportation goal and meet certain other requirements; and (2) a highway, transit, or pedestrian project that improves mobility within the station area of a transit, passenger rail, or intercity bus station. Authorizes a state, local government, state or local government agency, or public authority to apply to the Secretary for assistance under a master credit agreement. Requires the Secretary to establish procedures for processing such applications. Increases from 33% to 49% the maximum amount of direct loans, loan guarantees, and credit for project costs. Revises the state infrastructure bank program. Revises the toll roads, bridges, tunnels, and ferries program. Allows a state, interstate compact of states, or public entity to: (1) reconstruct, restore, or rehabilitate a Interstate System (IS) high occupancy vehicle (HOV) highway, bridge, or tunnel toll facility over which it has jurisdiction provided certain requirements are met, and (2) levy tolls on vehicles (excluding HOVs). Requires all federal-aid highway toll facilities to implement technologies or business practices that provide for the interoperability of electronic toll collection programs. Revises the highway safety improvement program. Requires state strategic highway safety plans to be updated biannually and meet certain requirements. Prohibits a state from obligating highway safety improvement program funds to purchase, operate, or maintain an automated traffic enforcement system. Requires states to report to the Secretary on: (1) the 10 railway-highway crossings with the greatest need for safety improvement; and (2) an action plan that identifies projects to improve safety at those railway-highway crossings. Directs the Secretary to develop a five-year National Freight Policy for the expansion and improvement of freight transportation infrastructure in the United States. Requires the Secretary to encourage states to develop freight plans. Prescribes certain federal weight limitations requirements for trucks operating on the IS. Authorizes tribal transportation and federal lands transportation programs for various transportation planning and highway improvement projects. Repeals specified federal-aid highway programs. Authorizes the governor of a state to use the state's apportionment of federal-aid highway funds for the repair or replacement of transportation facilities in the event of an emergency. Directs the Secretary to conduct a survey to evaluate the capacity of each state to provide adequate parking and rest facilities for commercial motor vehicles. Encourages the Secretaries of Labor and of Education to use funds to develop training and employment education programs for transportation-related careers and trades. Public Transportation Act of 2012 - Revises capital investment grant requirements for new fixed-guideway capital projects. Requires the Secretary to enter into full funding grant agreements for new fixed-guideway capital projects under the Federal Transit Administration (FTA) New Starts and Small Starts programs. Authorizes the Secretary to make bus and bus facilities formula grants to assist states and local governments in financing capital projects to: (1) replace, rehabilitate, and purchase buses and related equipment; and (2) construct bus-related facilities. Directs the Secretary to apportion a specified percentage of rural area formula grants to states to develop and support public transportation and intercity bus transportation in rural areas. Authorizes the Secretary to make competitive coordinated access and mobility program formula grants to states, local governments, nonprofits organizations, or private operators of public transportation services for: (1) public transportation projects to meet the special needs of elderly individuals and individuals with disabilities; (2) job access and reverse commute projects to transport welfare recipients and eligible low-income individuals to and from jobs; and (3) new public transportation services and public transportation alternatives for individuals with disabilities. Authorizes the Secretary to undertake, or make grants and contracts for, programs that provide training and technical assistance to providers of public transportation services. Authorizes the Secretary to award grants or enter into contracts with a public university to establish a National Transit Institute to support training and educational programs for federal, state, and local transportation employees engaged in government-aid public transportation work. Revises the apportionment of appropriations for job access and reverse commute formula grants for certain urbanized areas with populations less than 200,000. Reauthorizes and revises the fixed guideway modernization program. Authorizes appropriations for: (1) formula and bus grants; (2) capital investment grants; (3) transit research, training and outreach, and technical assistance activities; and (4) administration. Prescribes procedures for expediting the environmental review of surface transportation projects. Revises and makes permanent the surface transportation project delivery pilot program. Requires the Secretary to establish an alternative relocation payment process for the payment of relocation assistance to persons displaced by federally-assisted programs and projects. Amends the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 to provide increases in payments made by a displacing agency for: (1) relocation expenses for displaced farms, nonprofit organizations, or small businesses; and (2) replacement housing for displaced homeowners and certain other tenants. Revises metropolitan transportation planning requirements. Requires the designation of a Metropolitan Planning Organization (MPO) for an urbanized area with a population of more than 100,000 individuals. Requires MPOs, in cooperation with state and public transportation operators, to develop metropolitan long-range transportation plans and transportation improvement programs (TIPs) that provide for the development and operation of transportation systems and facilities (including environmental mitigation activities) for metropolitan planning areas (i.e. urbanized areas and nonattainment areas for ozone or carbon monoxide). Requires the Secretary to identify as a transportation management area each urbanized area with a population over 200,000 individuals. Requires the selection of congestion mitigation projects for a metropolitan planning area serving a transportation management area from an approved metropolitan long-range transportation plan and TIP. Requires states to develop statewide strategic long-range transportation plans and statewide TIPs. Directs the Secretary to develop a national strategic transportation plan for transportation projects (including major roadways, public transportation facilities, intercity bus facilities, multimodal and intermodal facilities, and intermodal connectors) that facilitate the development of: (1) a national transportation system, and (2) an integrated regional transportation system. Directs the Secretary to establish: (1) a national performance management system, and (2) certain core performance measures. Authorizes appropriations for NHTSA for: (1) highway safety programs, (2) the National Driver Register, and (3) administrative expenses. Revises highway safety program requirements. Revises the formula for the apportionment to states of highway safety funds to require specified percentages of funds going only to states that have enacted and are enforcing: (1) a primary safety belt use law, (2) an ignition interlock law, and (3) a graduated drivers licensing law. Directs the Secretary to require the governor of each state to develop for DOT approval a highway safety plan that includes: (1) certain quantifiable performance targets for traffic crashes and resulting fatalities and serious injuries; and (2) the state's strategy for using its funds apportionment for projects and activities that will allow the state to meet those performance targets. Repeals specified highway safety programs. Motor Carrier Safety, Efficiency, and Accountability Act of 2012 - Authorizes appropriations from the HTF (other than the Alternative Transportation Account) for FY2013-FY2016 for the Secretary to: (1) make grants to states for the development of commercial motor vehicle safety programs, and (2) pay administrative expense of the Federal Motor Carrier Safety Administration (FMCSA). Authorizes appropriations for: (1) the commercial driver's license (CDL) improvement grant program, and (2) the commercial vehicle information systems and networks deployment grant program. Revises commercial motor vehicle registration requirements. Requires the Secretary to issue a distinctive registration number to persons registered to provide transportation or service as a motor carrier, freight forwarder, or broker. Requires the Secretary to register a person to provide motor carrier services if, in addition to meeting other criteria, that person has also: (1) completed a DOT proficiency examination demonstrating knowledge of motor carrier safety regulations and requirements; (2) disclosed any relationship involving common stock, common ownership, common control, common management, or common familial relationship between the carrier and any other motor carrier in the three-years preceding the filing of an application for registration; and (3) been issued a DOT number. Authorizes the Secretary to register a person to provide transportation of household goods as a household goods motor carrier only after that person demonstrates: (1) the ability to comply with the DOT household goods consumer protection rules, and (2) knowledge of household goods motor carrier safety regulations and requirements through completion of a DOT proficiency examination. Requires the Secretary to register a person to provide service as a freight forwarder or to be a broker for transportation of property if that person is qualified by experience to act as one. Revises requirements for the registration as a motor carrier of freight forwarders and brokers. Authorizes the Secretary to deny, suspend, amend, or revoke the registration of a motor carrier, broker, or freight forwarder for failure to disclose in its application a material fact with respect to its ability to comply with federal law, regulations, or a registration condition. Prohibits two or more employers from using common ownership, common management, common control, or common familial relationship to avoid compliance, or conceal noncompliance or a history of noncompliance with commercial motor vehicle safety regulations or a DOT order. Revises financial security requirements for brokers and freight forwarders. Authorizes the Secretary to register a person as a broker or freight forwarder only if that person files with the Secretary a surety bond, proof of trust fund, or other financial security (or combination of them) to ensure financial responsibility of $100,000. Prohibits certain persons, including certain ocean freight forwarders, customs brokers, or indirect air carriers holding an approved Standard Security Program from providing interstate brokerage services unless the person: (1) is registered and in compliance with federal broker registration requirements, and (2) has satisfied federal financial security requirements. Authorizes an employer (or employee) to operate a commercial motor vehicle only if that employer is registered by the Secretary and receives a DOT number. Requires the Secretary to administer a motor carrier safety assistance program to make grants to states to develop motor carrier safety improvement programs and enforce federal and state commercial motor vehicle safety and hazardous materials transportation safety regulations, standards, and orders. Requires state plans to establish performance targets for enforcement activities and other benchmarks to reduce commercial motor vehicle fatalities and crashes. Requires the Secretary to carry out a performance and registration information systems management program to link federal motor carrier safety information systems with state commercial vehicle registration and licensing systems. Revises commercial motor vehicle driver safety fitness requirements. Directs the Secretary to require a safety review of newly registered commercial motor vehicle owners or operators that: (1) transport hazardous materials (hazmat) within 9 months after the beginning of operations, and (2) transport passengers within 90 days after the beginning of operations. Requires the Secretary to: (1) determine the safety fitness and assign a rating for each registered motorcoach owner and operator; and (2) establish a process for monitoring regularly the safety performance of each owner or operator following the assignment of a rating. Revises medical examiner requirements. Requires the Secretary to establish a national registry of medical examiners. Requires a medical examiner to pass an examination developed by the Secretary in order to be listed in the national registry. Directs the Secretary to issue safety standards for new motorcoaches with respect to: (1) occupant protection systems (including seatbelts) to protect against collisions and rollovers, (2) roof strength, (3) fire prevention and mitigation, and (4) emergency passenger evacuation. Directs the Secretary to revise window glazing standards for new motorcoaches to prevent passenger ejection. Directs the Secretary to establish a national clearinghouse for verified positive alcohol and controlled substance test results and test refusals or failures to comply with testing program requirements. Prohibits an employer from hiring an individual to operate a commercial motor vehicle or perform any other safety sensitive function unless the employer requests information from the clearinghouse that indicates, during the preceding three-year period, the individual: (1) did not violate testing program requirements; or (2) is eligible to return to safety sensitive duties, pursuant to an established return-to-duty process, after violating such requirements. Prescribes new and revises current penalties for violations of certain commercial motor vehicle drug and alcohol prohibitions and specified other requirements. Directs the Secretary to issue final regulations establishing minimum training requirements for commercial motor vehicle operators. Requires states to request information from the CDL information system concerning a CDL applicant from the drug and alcohol clearinghouse before renewing or issuing a CDL. Requires states to submit plans for complying with specified CDL program requirements to avoid the withholding of the state's apportionment of certain federal-aid highway funds. Requires states to have approved CDL program plans to receive a CDL program improvement grant. Prohibits the Secretary from requiring individuals with class A CDLs to obtain a hazmat endorsement to operate a truck carrying diesel fuel of 1,000 gallons or less if: (1) the fuel tank is clearly marked with a placard reading "Diesel Fuel," and (2) the individual is acting within the scope of employment as an employee of certain farm-related service industries. Directs the Secretary to establish accelerated licensing procedures to assist veterans to acquire CDLs. Directs the Secretary to conduct a field study of the efficacy of FMCSA's 2011 restart rule (the 34-hours of service [HOS] restart rule) with respect to commercial motor vehicle operators subject to federal maximum driving time requirements. Requires any regulations the Secretary issues regarding electronic logging devices to monitor compliance with HOS requirements to include specified performance standards. Amends the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) to extend through FY2017 FMCSA's Motor Carrier Safety Advisory Committee. Amends the Motor Carrier Safety Improvement Act of 1999 to revise exemptions from federal maximum driving and on-duty time motor carrier regulations for drivers transporting agricultural commodities and farm supplies during planting and harvest periods. Extends such exemptions to drivers transporting agricultural farm supplies between specified points within a 150-mile radius. Extends these exemptions also to drivers transporting grapes: (1) during a harvest period, and (2) to an area within 175 air-miles radius from the location where the grapes are picked or distributed. Exempts certain covered farm vehicles from commercial motor vehicle safety requirements relating to CDLs, drug testing, medical certificates, and HOS. Requires the Comptroller General to study the impact of federal motor carrier safety regulations on small trucking companies. Directs the Secretary to issue a rule to improve the daytime and nighttime visibility of agricultural equipment that may be operated on a public road. Prohibits the transportation of horses in a motor vehicle containing two or more levels stacked on top of each other. Authorizes appropriations for FY2013 and FY2016 for specified transportation research and education programs. Replaces the Surface Transportation Research Program with the Surface Transportation Research, Development, and Technology Program. Replaces the National Technology Deployment Program with the Research and Development Program. Authorizes the Secretary to establish centers for surface transportation excellence. Directs the Secretary to carry out a technology and innovation deployment program. Revises the intelligent transportation system (ITS) program. Directs the Secretary to carry out an ITS program to research and develop intelligent vehicles and intelligent infrastructure systems for application to U.S. surface transportation systems. Repeals the national university transportation centers grant program, as well as grants to specified Tier II centers. Extends the regional university transportation research center grant program through FY2013-FY2016. Repeals or revises certain intercity passenger rail capital grant programs. Amends the Passenger Rail Investment and Improvement Act of 2008 to authorize appropriations for FY2012-FY2013 for National Railroad Passenger Corporation (Amtrak) operations. Prohibits Amtrak from using federal funds to hire or contract with any outside legal professional to pursue any cause of action in federal or state court against a passenger rail service provider, including any action against a provider arising from a competitive bid process in which Amtrak and the provider participated. Allows Amtrak to provide food and beverage service on its trains only if the Federal Railroad Administration (FRA) selects a qualified bidder whose bid would result in the lowest cost, or the greatest source of revenue, to Amtrak. (Under current law, Amtrak may provide such services on its trains only if revenues from the services each year at least equal the cost of providing them.) Authorizes the FRA to exempt Amtrak from such requirement if no qualified bidder responds to FRA requests for proposals. Prescribes an environmental review process for freight or intercity passenger rail capital project development decisionmaking. Authorizes the federal lead agency (DOT), at project sponsor request, to adopt and use a planning product (decisionmaking process) that integrates the planning and environmental review process of a rail project in National Environmental Policy Act (NEPA) proceedings. Directs the Secretary to establish a program to eliminate duplicative state and federal environmental reviews and approvals of rail projects. Directs the Secretary to treat a rail project as a class of action categorically excluded (because not involving significant environmental impact) from environmental review requirements promulgated by the Council on Environmental Quality, if specified circumstances apply. Directs the Secretary to carry out a rail project delivery program. Makes high-speed rail facilities eligible for railroad rehabilitation and improvement direct loans and loan guarantees. Requires the Secretary to give priority to projects that enhance the installation of positive train control systems. Revises the railroad safety risk reduction program. Extends from December 31, 2015, to December 31, 2020, the deadline for submission to DOT by each Class I railroad carrier and each entity providing regularly scheduled intercity or commuter rail passenger transportation of a plan for implementing a positive train control system on certain of its tracks. Authorizes such plans, in lieu of installing positive train control, to provide an alternative risk reduction strategy that would reduce the risk of release of poison- or toxic-by-inhalation hazmat to the same extent such risk of release would be reduced if positive train control were installed. Prescribes requirements for improving regulations issued by Federal Railroad Administration (FRA). Hazardous Material Transportation Safety, Efficiency, and Accountability Act of 2012 - Revises hazmat transportation safety requirements. Eliminates training grants for training instructors to train hazmat employees in the safe loading, unloading, handling, storing, and transporting of hazmat. Directs the Secretary to review implementation of the hazmat safety permit program. Authorizes the Secretary to make hazmat planning and training grants to states or Indian tribes in a fiscal year only if they certify that they are in compliance with certain fairness requirements for fees charged to transport hazmat. Prohibits the Secretary from denying an application for a modification or renewal of a special permit granting a variance from regulations for the safe transport of hazmat, or an application for party status to an existing special permit, for the sole reason that the applicant has a greater than national average hazmat out-of-service percentage. Directs the Secretary to issue regulations to implement the Uniform Motor Carrier Permit Program. Authorizes a designated DOT officer, employee, or agent to inspect a package for transportation if the officer, employee, or agent reasonably believes that the package may contain an undeclared hazmat and the inspection takes place at a properly equipped DOT-designated facility. Authorizes appropriations for FY2012-FY2016 for specified hazmat transportation safety programs. Directs the Secretary to establish pilot projects to evaluate the feasibility and cost effectiveness of electronic shipping paper systems. Requires DOT studies: (1) of the transportation of flammable liquids in the external product piping of cargo tank motor vehicles (wetlines); and (2) on whether it is necessary to continue to designate any amount or form of finished pharmaceutical, finished cosmetic, or similar product containing ethyl alcohol as a hazmat. Expresses the sense of Congress that: (1) the Harbor Maintenance Trust Fund is not being used for its intended purpose, (2) the Administration should request full use of the Fund for operating and maintaining the nation's navigation system, and (3) Congress should fully expend amounts in the Fund to operate and maintain such system. Sportfishing and Recreational Boating Safety Act of 2012 - Amends the Dingell-Johnson Sport Fish Restoration Act to continue through FY2016 the authorized distribution of funds under such Act for coastal wetlands, recreational boating safety, projects under the Clean Vessel Act of 19921, boating infrastructure projects, and the National Outreach and Communications Program. Extends the set-aside for administrative expenses for carrying out such projects. Earmarks amounts allocated to the Secretary for recreational boating safety programs for: (1) payment of expenses of the Coast Guard for personnel and related activities, and (2) National Boating Safety Advisory Council activities. Amends the Internal Revenue Code to extend through FY2016 authority for expenditures from the Sport Fish Restoration and Boating Trust Fund. Surface Transportation Extension Act of 2012 - Amends the Surface Transportation Extension Act of 2011, Part II to continue through FY2012, and authorizes appropriations through that date for, specified federal-aid highway programs under SAFETEA-LU, the SAFETEA-LU Technical Corrections Act of 2008, the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA), and the Transportation Equity Act for the 21st Century. Includes among extended funds those for: (1) the surface transportation research, development, and deployment program; (2) training and education; (3) the Bureau of Transportation Statistics; (4) university transportation research; and (5) intelligent transportation systems (ITS) research. Subjects funding for such programs generally to the same manner of distribution, administration, limitation, and availability for obligation as funds authorized to be appropriated for such programs and activities out of the Highway Trust Fund (HTF) for FY2011. Subjects contract authority for such programs, however, to the same limitation on obligations included in any Act making appropriations for FY2012 or a portion of that fiscal year. Waives this obligation limitation, though, for emergency relief and for the equity bonus program. Extends the allocation of certain transportation program funds to: (1) states for specific programs, including the Interstate and National Highway System program, the Congestion Mitigation and Air Quality Improvement program, the highway safety improvement program, the Surface Transportation program, and the Highway Bridge program; and (2) the territories and Puerto Rico. Authorizes appropriations for administrative expenses of the federal-aid highway program through FY2012. Amends SAFETEA-LU to extend through that date the authorization of appropriations for specified NHTSA safety programs and FMCSA programs (including NHTSA and FMCSA administrative expenses). Extends through FY2012 the funding for hazmat research projects. Amends the Dingell-Johnson Sport Fish Restoration Act to continue through that date the authorized distribution of funds under such Act for coastal wetlands, recreational boating safety, projects under the Clean Vessel Act of 19921, boating infrastructure projects, and the National Outreach and Communications Program. Extends the set-aside for administrative expenses for carrying out such projects. Extends through FY2012 the allocation of capital investment grant funds for federal transit programs, including the metropolitan planning program and the state planning and research program. Extends the special rule authority of the Secretary to award urbanized area formula grants to finance the operating cost of equipment and facilities for use in public transportation in an urbanized area with a population of at least 200,000. Allocates through FY2012 certain amounts for formula and bus grants and capital investment grants for: (1) certain new fixed guideway capital projects; (2) new fixed guideway ferry systems and extension projects in Alaska and Hawaii; (3) payments to the Denali Commission for docks, waterfront development projects, and related transportation infrastructure; (4) ferry boats or ferry terminal facilities; (5) a set-aside for the national fuel cell bus technology development program; (6) projects in nonurbanized areas; (7) intermodal terminal projects; and (8) bus testing. Extends the apportionment of nonurbanized area formula grants for public transportation on Indian reservations. Eliminates the special rule for the apportionment for October 1, 2011, through June 30, 2012, of capital investment grant funds for certain fixed guideway modernization projects. Extends through FY2012 the authorization appropriations from the HTF Mass Transit Account for: (1) formula and bus grant projects, (2) capital investment grants, (3) transit research, and (4) administration expenses. Extends through FY2012 certain SAFETEA-LU programs, including: (1) the contracted paratransit pilot program, (2) the public-private partnership pilot program, (3) project authorizations for final design and construction and preliminary engineering of specified fixed guideway projects, and (4) the elderly individuals and individuals with disabilities pilot program. Extends certain allocations for national research and technology programs.

A bill to reinstate the reporting provision relating to fees and expenses awarded to prevailing parties in civil actions involving the United States.

United States · United States Congress · 30 January 2012

Amends the federal judicial code to require the Attorney General to submit to Congress and make publicly available online an annual report regarding the amount of attorney's fees, expenses for expert witnesses, and other fees and expenses awarded during the preceding fiscal year to certain prevailing parties other than the United States in civil actions (other than tort cases) brought by or against the United States.

CONCURRENT RESOLUTION ON THE BUDGET FISCAL YEAR 2013

United States · United States Senate · 26 January 2012

Budget Before Borrowing Act of 2012

United States · United States Congress · 26 January 2012

Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to increase or modify the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered. Permits: (1) waiver or suspension of such prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.

LNG Excise Tax Equalization Act of 2012

United States · United States Congress · 25 January 2012

LNG Excise Tax Equalization Act of 2012 - Amends the Internal Revenue Code to adjust the excise tax on liquefied natural gas to 24.3 cents per energy equivalent of a gallon of diesel.

ARMS Act

United States · United States Congress · 24 January 2012

Adjusted Residency for Military Service Act or the ARMS Act - Authorizes the Secretary of Homeland Security (DHS) to cancel the removal of, and adjust to conditional nonimmigrant status, an alien who: (1) entered the United States before his or her 16th birthday and has been present in the United States for at least five years immediately preceding this Act's enactment; (2) is a person of good moral character; (3) is not inadmissible or deportable under specified grounds of the Immigration and Nationality Act; (4) has not participated in the persecution of any person on account of race, religion, nationality, membership in a particular social group, or political opinion; (5) has not been convicted of certain offenses under federal or state law; (6) has been admitted to an institution of higher education or has earned a high school diploma or general education development certificate in the United States; (7) has never been under a final order of exclusion, deportation, or removal unless the alien has remained in the United States under color of law after such order's issuance, or received the order before attaining the age of 16; and (8) was under age 30 on the date of this Act's enactment. Authorizes the Secretary to waive specified grounds of inadmissibility or deportability for humanitarian, family unity, or public interest purposes. Provides for a $525 application surcharge (in addition to other applicable application fees). Requires an alien to apply for cancellation of removal and conditional nonimmigrant status within one year after the later of: (1) earning a high school diploma or general education development certificate in the United States, or (2) the effective date of related interim regulations. Requires prior to cancellation of removal or granting of conditional nonimmigrant status: (1) an alien to submit biometric and biographic data, and (2) completion of security and law enforcement background checks. Requires an alien applying for relief to: (1) register under the Military Selective Service Act if so required, and (2) undergo a medical examination. Prohibits the Secretary from removing an alien with a pending application who establishes prima facie eligibility for cancellation of removal and conditional nonimmigrant status. Establishes an initial five-year period of conditional nonimmigrant status which shall include employment and military enlistment authorization. Terminates such status if the alien: (1) fails to be accepted for enlistment within nine months of receiving conditional nonimmigrant status; (2) becomes a public charge; (3) receives a dishonorable or other than honorable military discharge; or (4) ceases to be a person of good moral character, becomes inadmissible or deportable under specified grounds, has participated in racial, religious, social, or political persecution, or has been convicted of certain federal or state offenses. Extends such conditional status for an additional five-year period if the alien: (1) has demonstrated good moral character; (2) is not inadmissible or deportable under specified grounds, has not participated in racial, religious, social, or political persecution, and has not been convicted of certain federal or state offenses; (3) has not abandoned U.S. residency; and (4) has served as a member of a regular or reserve component of the Armed Forces on active duty for at least two years or as a member of a reserve component in active status for at least four years, and, if discharged, received an honorable discharge. Provides for a $2,000 extension application surcharge (in addition to other applicable application fees). Authorizes a conditional nonimmigrant to file an application to adjust his or her status to that of an alien lawfully admitted for permanent residence. Requires such application to be filed during the period beginning on the date of extension and ending on either the date that is 10 years after the date of the granting of initial conditional nonimmigrant status or any other expiration date as extended by the Secretary. Requires such application to show that the alien: (1) has demonstrated good moral character; (2) is not inadmissible or deportable under specified grounds, has not participated in racial, religious, social, or political persecution, and has not been convicted of certain federal or state offenses; (3) has not abandoned U.S. residency; and (4) if granted a hardship exception with respect to extension of conditional status, has subsequently complied with the appropriate requirements. Requires an alien, prior to adjusting from conditional to permanent resident status, to: (1) satisfy citizenship and federal tax requirements, (2) submit biometric and biographic data, and (3) have had security and law enforcement background checks completed. Authorizes an alien who adjusts to permanent resident status (and meets other specified requirements) to apply after three years in such status for naturalization. Authorizes: (1) the Secretary to cancel removal and grant conditional nonimmigrant status to an alien who has satisfied the conditional status requirements prior to enactment of this Act, and (2) an alien who has met the appropriate requirements during the entire period of conditional nonimmigrant status to apply for permanent resident status. Sets forth provisions regarding: (1) jurisdiction of the Secretary and the Attorney General (DOJ), (2) penalties for false application statements, (3) confidentiality of information, (4) military enlistment, and (5) a Government Accountability Office (GAO) report respecting the number of aliens adjusted under this Act.

Elder Care Tax Credit Act of 2012

United States · United States Congress · 24 January 2012

Elder Care Tax Credit Act of 2012 - Amends the Internal Revenue Code to allow the tax credit for dependent care expenses for parents (or ancestors of such parents) of the taxpayer who are physically or mentally incapable of self-care, regardless of whether such a parent has the same principal place of abode as the taxpayer for more than one-half of the taxable year.

Health Freedom for Seniors Act

United States · United States Congress · 24 January 2012

Health Freedom for Seniors Act - Amends the Internal Revenue Code to allow tax-free transfers of required distributions after age 70 1/2 from an individual retirement account (IRA) and other tax-exempt retirement accounts to a health savings account.  Exempts such transfers from the excise tax on excess contributions to tax-favored accounts and annuities.

Closing the Derivatives Blended Rate Loophole Act

United States · United States Congress · 23 January 2012

Closing the Derivatives Blended Rate Loophole Act - Amends the Internal Revenue Code to treat all gain or loss with respect to a section 1256 contract (i.e., any regulated futures contract, foreign currency contract, nonequity option, dealer equity option, and dealer securities future contract) as short-term capital gain or loss (currently, 60% of such gain or loss is treated as long-term capital gain or loss and is thus taxed at lower marginal rates).

Guaranteed Energy Assistance Act of 2011

United States · United States Congress · 23 January 2012

Guaranteed Energy Assistance Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on each barrel of oil extracted pursuant to any lease of federal onshore lands under the Mineral Leasing Act, the Mineral Leasing Act for Acquired Lands, or any other federal law, or any lease under the Outer Continental Shelf Lands Act. Establishes the amount of such tax at the lesser of 50 cents per barrel or such amount as the Secretary of the Treasury estimates would result in aggregate revenue for a fiscal year equal to the excess of $5.1 billion over the amount appropriated for such fiscal year for providing assistance under the Low-Income Home Energy Assistance Act of 1981. Establishes in the Treasury the Low-Income Home Energy Assistance Program Trust Fund (LIHEAP Trust Fund) to provide assistance under the Low-Income Home Energy Assistance Act of 1981. Limits the amount of such assistance to $5.1 billion in any fiscal year. Dedicates revenues from the tax on oil under this Act to such Fund.

American Opportunity and Freedom Act of 2012

United States · United States Congress · 23 January 2012

American Opportunity and Freedom Act of 2012 - Repeals the terminating date (i.e., December 31, 2012) of: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, thus making such Act permanent; and (2) provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 reducing tax rates on dividends and capital gains. Repeals the estate and generation-skipping transfer taxes for decedents dying and transfers made after December 31, 2010. Repeals the alternative minimum tax (AMT) for individuals for taxable years beginning after 2010. Repeals: (1) the increase in the excise tax rate on tobacco products, and (2) revenue offset provisions of the Patient Protection and Affordable Care Act (PPACA) and other tax provisions relating to the individual and employer mandate requiring the purchase of health insurance under PPACA.

Airport and Airway Extension Act of 2012

United States · United States Congress · 23 January 2012

Airport and Airway Extension Act of 2012 - Amends the Internal Revenue Code to extend through February 17, 2012, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Airport and Airway Trust Fund. Extends through February 17, 2012: (1) the authorization of appropriations for airport planning and development and noise compatibility planning projects (known as airport improvement projects [AIPs]), and (2) the authority of the Secretary of Transportation (DOT) to make new AIP grants. Extends through February 17, 2012: (1) the pilot program for passenger facility fee authorizations at non-hub airports, and (2) disclosure requirements for large and medium hub airports applying for AIP grants. Authorizes appropriations to the Secretary through February 17, 2012, to make agreements to provide small community air service assistance to underserved airports. Directs the Secretary to extend through February 17, 2012, the termination date of insurance coverage for domestic or foreign-flag aircraft. Grants the Secretary discretionary authority to further extend such coverage through May 17, 2012. Extends through May 17, 2012, the authority of the Secretary to limit air carrier liability for claims arising out of acts of terrorism. Extends through February 17, 2012: (1) grant eligibility for airports located in the Marshall Islands, Micronesia, and Palau; (2) grants to state and local governments for land use compatibility AIPs; and (3) authority for approving an application of the Metropolitan Washington Airports Authority for an airport development grant or for permission to impose a passenger facility fee. Amends the Vision 100-Century of Aviation Reauthorization Act to extend through February 17, 2012: (1) the temporary increase to 95% of the federal government's share of certain AIP costs, (2) funding for airport development at Midway Island Airport, and (3) the effective period of final orders of the Secretary regarding the eligibility of small communities for essential air service subsidies. Authorizes appropriations to the Federal Aviation Administration (FAA) for the period from October 1, 2011, through February 17, 2012, for: (1) FAA operations; (2) air navigation facilities and equipment; and (3) civil aviation research, engineering, and development. Authorizes appropriations out of the Airport and Airway Trust Fund for the period from October 1, 2011, through February 17, 2012, for the essential air service (EAS) program.

Do Your Job Act

United States · United States Congress · 23 January 2012

Do Your Job Act - Prohibits the disbursement of funds for salaries and expenses for specified congressional offices and committees, if on or before May 15 of any year Congress does not adopt a budget resolution for the fiscal year that begins on October 1 of that year. Requires the Secretary of the Treasury to deposit all payments otherwise required to be made for Members' compensation in an escrow account to be released to the Members only upon the adoption of such a resolution.

E911 Surcharge Fairness Act of 2011

United States · United States Congress · 18 January 2012

E911 Surcharge Fairness Act of 2011 - Prohibits any state or local government from: (1) imposing a new unfair or inequitable E911 fee, tax, or surcharge with respect to any prepaid mobile service, provider, or customer; or (2) enforcing a new or existing E911 fee in an unfair or inequitable manner. Defines "E911 fee" as any 911 or E911 fee, tax, or surcharge specifically imposed or designated by a state or local government for the support of 911 or E911 communications systems and related public safety purposes. Defines as "unfair or inequitable" any E911 fee that: (1) cannot be collected from end-users who are the intended payors of the fees under the existing wireless business model of the prepaid mobile service provider, or (2) is enforced in a manner that imposes strict liability on a prepaid mobile service provider for its inability to collect such fee as so prescribed. Defines an "unfair or inequitable manner" as: (1) the imposition against a prepaid mobile service provider or seller of any E911 fee that the provider cannot collect from its end-user customers who are the intended payors of the fees under its existing wireless business model, (2) the enforcement of an E911 fee against a prepaid mobile service provider in a manner that creates strict liability for the provider or seller for its inability to collect as so prescribed, or (3) the imposition of a E911 fee in a manner that results in the fee being subject to other state or local taxes when such taxes are not equally imposed on the E911 fees paid by postpaid mobile service customers.

Gas Price Spike Act of 2012

United States · United States Congress · 18 January 2012

Gas Price Spike Act of 2012 - Amends the Internal Revenue Code to: (1) impose an excise tax on the windfall profit from the sale of any crude oil, natural gas, or fuel which is the product of crude oil or natural gas; and (2) allow a tax credit for the purchase of certain fuel-efficient automobiles assembled in the United States by individuals employed under a collective bargaining agreement. Defines "windfall profit" as so much of the profit from sales of oil and natural gas as exceeds a reasonable profit. Establishes a Reasonable Profits Board to make reasonable profit determinations for purposes of applying the windfall profit tax. Authorizes the Secretary of Transportation to make grants to mass transit systems, including bus and commuter rail systems, for reducing passenger fares.

Jobs Score Act of 2012

United States · United States Congress · 18 January 2012

Jobs Score Act of 2012 - Amends the Congressional Budget Act of 1974 to require a Congressional Budget Office (CBO) analysis of any public bill or resolution reported from a congressional committee (except on Appropriations of each chamber) to estimate the number of jobs which would be created, sustained, or lost in carrying out such measure in the fiscal year in which it is to become effective and in each of the four ensuing fiscal years, together with the basis for each such estimate. Requires such analysis, to the extent practicable, to include regional and state-level estimates of such jobs.

To repeal section 1021 of the National Defense Authorization Act for Fiscal Year 2012.

United States · United States Congress · 18 January 2012

Repeals the affirmation in the National Defense Authorization Act for Fiscal Year 2012 that the President's authority under the Authorization for Use of Military Force (P.L. 107-40) includes the authority for the U.S. Armed Forces, pending disposition under the law of war, to detain persons who: (1) planned, authorized, committed, or aided the terrorist attacks that occurred on September 11, 2001, or harbored those responsible for those attacks; or (2) were a part of or substantially supported al-Qaeda, the Taliban, or associated forces engaged in hostilities against the United States or its coalition partners, including any person who has committed a belligerent act or has directly supported such hostilities in aid of such enemy forces.

To amend the Internal Revenue Code of 1986 to allow an ordinary and necessary business expense deduction for contributions to regional infrastructure improvement zones, and for other purposes.

United States · United States Congress · 18 January 2012

Amends the Internal Revenue Code to allow a taxpayer to elect, during the five-year period after the enactment of this Act, to treat any contribution to a qualified regional infrastructure improvement zone as a tax deductible ordinary and necessary business expense. Defines "qualified regional infrastructure improvement zone" as any zone created and designated by a multi-jurisdictional regional planning organization to undertake public infrastructure improvement projects.

Small Business Growth and Federal Accountability Act of 2012

United States · United States Congress · 18 January 2012

Small Business Growth and Federal Accountability Act of 2012 - Prohibits a federal department or agency not meeting its fiscal year goal for awarding procurement contracts to small businesses from expending, for procurement, more than 90% of the amount expended in the fiscal year with respect to which that department or agency did not meet the goal. Allows such a department or agency, in attempting to meet such goal, to give procurement preference to a small business.

Budget Before Borrowing Act of 2012

United States · United States Congress · 18 January 2012

Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to extend the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered. Permits: (1) waiver or suspension of this prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.

Expressing the sense of the House of Representatives that the passage of a fiscal year 2013 Federal budget is of national importance.

United States · United States Congress · 18 January 2012

Expresses the sense of the House of Representatives that the passage of a FY2013 federal budget is of national importance.

Irene and Lee Tax Relief Storm Recovery Act

United States · United States Congress · 10 January 2012

Irene and Lee Tax Relief Storm Recovery Act - Amends the Internal Revenue Code to allow an increase in 2012, 2013, and 2014 of the amount of the low-income housing tax credit that may be allocated in states containing counties covered by the natural disaster declaration of the Secretary of Agriculture in 2011 due to damage from Hurricane Irene or Tropical Storm Lee.