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Bill· HRH.R. 1025 (107th)referred
United States · United States Congress · 14 March 2001
Voting Equipment Modernization Act of 2001 - Amends the Internal Revenue Code to permit, for a two year period, taxpayers to check-off one dollar to be paid into the Election Administration Improvement Fund (established by this Act) which shall provide funding to States for carrying out activities to improve the administration of elections for Federal office, including the purchase and maintenance of improved voting equipment and technology.
Bill· HRH.R. 1029 (107th)referred
United States · United States Congress · 14 March 2001
Leave No Child Behind Tax Credit Act of 2001 - Amends the Internal Revenue Code to allow a maximum $250 ($500 for joint filers) annual credit for contributions to charitable organizations that provide elementary and secondary student scholarships.
Bill· HRH.R. 1026 (107th)referred
United States · United States Congress · 14 March 2001
Increased Individual Retirement Accounts for All Act of 2001 - Amends the Internal Revenue Code to: (1) increase the annual limitation on deductible contributions to individual retirement accounts (IRAs) to $5,000 and provide a cost-of-living adjustment to such amount; (2) provide for increased "catch-up" contributions for individuals aged 50 or older; and (3) until December 31, 2005, allow a nonrefundable credit to certain individuals for elective deferrals and IRA contributions.
Law· HRH.R. 10 (107th)enacted
United States · United States Congress · 14 March 2001
Comprehensive Retirement Security and Pension Reform Act of 2001 - Amends the Internal Revenue Code (the Code) with respect to pensions. (All the following are amendments to the Code, except where the Employee Retirement Income Security Act of 1974, ERISA, is mentioned.) Increases: (1) annual dollar Individual Retirement Account (IRA) contribution limits; and (2) benefit and contribution limits, with indexes for inflation. Revises requirements relating to: (1) plan loans for subchapter S owners, partners, and sole proprietors; and (2) specified top-heavy rules. Provides that elective deferrals shall not be taken into account for purposes of limits on certain plan contributions. Repeals specified coordination requirements for deferred compensation plans of State and local governments and tax-exempt organizations. Revises certain deduction limits for stock bonus and profit sharing trusts and for defined contribution plans. Provides for optional treatment of elective deferrals as after-tax contributions. Allows individuals age 50 or older to make additional contributions to an applicable employer plan (section 401(k) or similar plan). Sets forth requirements relating to equitable treatment for contributions of employees to defined contribution plans. Provides for faster vesting of certain employer matching contributions under the Code and ERISA. Revises: (1) minimum distribution rules; (2) requirements relating to tax treatment of division of section 457 plan benefits upon divorce; and (3) provisions for safe harbor relief for hardship withdrawals from 401(k) plans. Permits, under certain conditions, rollovers: (1) from and to various types of plans; (2) of IRAs into workplace retirement plans; and (3) of after-tax contributions in an exempt trust. Sets forth a hardship exception to the 60-day rule. Sets forth requirements for treatment of forms of distribution available under transferor and transferee plans under the Code and ERISA. Revises restrictions on distributions, including the same desk exception. Allows trustee-to-trustee transfers to purchase permissive service credit with respect to governmental defined benefit plans. Allows employers to disregard rollovers for purposes of cash-out amounts, under retirement plan provisions of the Code. Revises minimum distribution and inclusion requirements for section 457 plans. Repeals, for plan years beginning in 2004 and following years, the current liability full funding limit under the Code and ERISA. Revises maximum contribution deduction rules, and applies them to all defined benefit plans. Allows an employer, in determining the amount of nondeductible contributions for any taxable year, to elect not to take into account any contributions to a defined benefit plan except to the extent they exceed the full-funding limitation. Establishes an excise tax for the failure of a defined benefit plan or an individual account plan (except governmental, church, and other specified plans) subject to minimum funding standards to meet specified notice requirements, under the Code and ERISA, for plan amendments which significantly reduce benefit accruals. Makes certain compensation limitations for defined benefit plans inapplicable to governmental and multiemployer plans. Prohibits combining or aggregating a multiemployer plan with any other plan maintained by the employer for the purpose of applying such limitations. Amends the Taxpayer Relief Act of 1997 to protect the investment of employee contributions to 401(k) plans by providing that specified requirements apply to elective deferrals for plan years beginning after December 31, 1998. Requires that pension benefit statements be furnished annually (once every three years for defined benefit plans) or on request. Establishes an excise tax for certain prohibited allocations of stock in an S corporation ESOP. Revises Code and ERISA requirements relating to timing of plan valuations. Allows applicable dividends of ESOPs to be reinvested without loss of dividend deduction. Repeals a transition rule relating to certain highly compensated employees under the Tax Reform Act of 1986. Directs the Secretary to modify specified regulations with respect to certain plan participation by employees of tax-exempt entities. Treats the provision of certain retirement planning services by an employer for an employee as a de minimis fringe benefit to the extent it is not treated as a working condition fringe. Directs the Secretary of the Treasury to provide simplified annual filing requirements for retirement plans with assets below a specified amount, if they cover: (1) one participant (an owner and spouse); or (2) fewer than 25 employees. Directs the Secretary to continue to update and improve the Employee Plans Compliance Resolution System, or any successor program. Repeals a multiple use test. Allows certain alternative ways of satisfying nondiscrimination, coverage, and line of business rules. Exempts plans maintained by any governmental entity from certain nondiscrimination rules. Directs the Secretary to modify specified regulations relating to the notice and consent period regarding distributions. Revises ERISA provisions relating to: (1) annual report dissemination; (2) the National Summit on Retirement Savings; (3) missing participants; (4) Pension Benefit Guaranty Corporation (PBGC) reduction of premiums for new plans of small employers and of additional premiums for new and small plans; (5) PBGC authority to pay interest on premium overpayment refunds; (6) substantial owner benefits in terminated plans; (7) civil penalties for breach of fiduciary responsibility; and (8) benefit suspension notices. Prescribes time requirements for plan amendments or annuity contract amendments.
Bill· HRH.R. 8 (107th)open
United States · United States Congress · 14 March 2001
Death Tax Elimination Act - Repeals the estate tax, gift tax, and the tax on generation-skipping transfers, effective January 1, 2011. Provides for annual reductions of the tax until such date. Increases the unified estate and gift tax credit to $1.3 million. Repeals the estate and gift tax provisions applicable to family-owned businesses. Amends provisions concerning the special rules for allocation of the generation-skipping tax (GST) exemption to provide, as a general rule, that: (1) if any individual makes an indirect skip during such individual's lifetime, any unused portion of such individual's GST exemption shall be allocated to the property transferred to the extent necessary to make the inclusion ratio for such property zero; and (2) if the amount of the indirect skip exceeds such unused portion, the entire unused portion shall be allocated to the property transferred. Declares that, if a trust is severed in a qualified severance, the trusts resulting from such severance shall be treated as separate trusts thereafter. Revises valuation rules for gifts for which a gift tax return was filed or deemed allocation made. Provides that, if an allocation of the GST exemption to any transfers of property is deemed to have been made at the close of an estate tax inclusion period, the value of the property shall be its value at such time. Directs the Secretary of the Treasury to prescribe circumstances and procedures under which extensions of time will be granted to make an allocation of GST exemption or an election not to apply specified allocation requirements to certain lifetime direct skips, indirect skips, or transfers to a particular trust. Increases the permissible number of partners or shareholders in a closely held business for purposes of eligibility for an extension of estate tax payments.
Bill· SS. 521 (107th)referred
United States · United States Congress · 13 March 2001
Telework Tax Incentive Act - Amends the Internal Revenue Code to allow a tax credit of up to $500 annually for "qualified teleworking expenses." Defines such expenses.
Bill· SS. 519 (107th)referred
United States · United States Congress · 13 March 2001
Tax Fairness for Supporters of the Permanently Disabled Act - Amends the Internal Revenue Code to tax eligible trusts established for the benefit of disabled individuals at the same rate as unmarried individuals.
Bill· HRH.R. 981 (107th)open
United States · United States Congress · 13 March 2001
Budget Responsibility and Efficiency Act of 2001 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget processes by establishing a two-year budgeting and appropriations cycle and timetable. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Conforms provisions of the Rules of the House of Representatives, provisions governing the President's budget, and requirements for certain strategic and performance plans and reports to the biennial framework. Provides a point of order against any measure that contains a specific authorization of appropriations unless such authorization is for each fiscal year in a biennium. Requires the President's budget submission for FY 2004 to identify budget accounts for which an appropriation should be made for each fiscal year of the FY 2004-2005 biennium. Directs congressional committees, during the 108th Congress, to work with the Comptroller General to develop plans to transition program authorizations to a multi-year schedule. Sets forth additional transition requirements. Makes this Act applicable to budget resolutions and appropriations for the biennium beginning with FY 2006.
Bill· HRH.R. 997 (107th)open
United States · United States Congress · 13 March 2001
Amends title XVIII (Medicare) of the Social Security Act to waive the Medicare part B (Supplementary Medical Insurance) late enrollment penalty for individuals entitled to health benefits under the TRICARE program (a managed health care program of the armed forces) as a member or former member of the uniformed services, or dependent of such a member or former member. Amends Federal law, as amended by the Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001, to waive the TRICARE requirement for enrollment in Medicare part B in the case of individuals enrolled under the Federal Employees Health Benefits Program.
Bill· HRH.R. 1012 (107th)referred
United States · United States Congress · 13 March 2001
Telework Tax Incentive Act - Amends the Internal Revenue Code to allow a tax credit of up to $500 annually for "qualified teleworking expenses." Defines such expenses.
Bill· HRH.R. 991 (107th)referred
United States · United States Congress · 13 March 2001
Amends Internal Revenue Code maximum capital gains rate provisions to eliminate the exception for gold, silver, and platinum coins.
Bill· HRH.R. 984 (107th)referred
United States · United States Congress · 13 March 2001
Amends the Internal Revenue Code to repeal specified occupational taxes relating to distilled spirits, wine, and beer. Revises recordkeeping requirements for wholesale and retail liquor dealers. Makes it unlawful for any liquor dealer (except one selling beer exclusively) to purchase distilled spirits from any person other than a specified wholesale liquor dealer.
Bill· HRH.R. 1003 (107th)referred
United States · United States Congress · 13 March 2001
Tax Fairness for Agricultural Employers Act - Amends the Internal Revenue Code to: (1) increase (from $20,000 to $50,000) the maximum amount of wages that a farmer can pay for agricultural labor without being subject to the Federal unemployment tax on that labor; and (2) provide for an annual inflation adjustment to such maximum amount of wages.
Bill· HRH.R. 990 (107th)referred
United States · United States Congress · 13 March 2001
Good Samaritan Hunger Relief Tax Incentive Act - Amends the Internal Revenue Code to set forth a special rule allowing a charitable deduction for contributions of food inventory.
Bill· HRH.R. 978 (107th)referred
United States · United States Congress · 13 March 2001
Small Business Pollution Prevention and Opportunity Act of 2001 - Amends the Internal Revenue Code to establish a dry or wet cleaning equipment credit for any taxable year equivalent to 20 percent of the basis of each qualified dry or wet cleaning property placed in service during the year (40 percent of such basis in the case of such property placed in service in an empowerment zone, enterprise community, or renewal community) which is designed primarily to clean textiles if: (1) such equipment does not use any hazardous solvent as the primary process solvent; (2) the original use of such property commences with the taxpayer; and (3) with respect to which depreciation (or amortization in lieu of depreciation) is allowable.
Bill· HRH.R. 985 (107th)referred
United States · United States Congress · 13 March 2001
Amends the Internal Revenue Code to repeal the $7,000 dollar limitation on contributions to funeral trusts.
Bill· HRH.R. 986 (107th)referred
United States · United States Congress · 13 March 2001
Tax Fairness for County Fairs Act of 2001 - Amends the Internal Revenue Code to provide that long-term vehicle storage by tax-exempt organizations which conduct county and similar fairs shall not be treated as an unrelated trade or business.
Resolution· HRESH.Res. 87 (107th)referred
United States · United States Congress · 13 March 2001
Resolution to Expand Access to Community Health Centers (REACH) Initiative - Expresses the sense of the House of Representatives that appropriations for consolidated health centers under the Public Health Service Act should be increased by 100 percent over the next five fiscal years in order to double the number of individuals who receive health care services at community, migrant, homeless, and public housing health centers.
Bill· SS. 517 (107th)open
United States · United States Congress · 12 March 2001
National Laboratories Partnership Improvement Act of 2001 - Instructs the Secretary of Energy to: (1) establish a Technology Infrastructure Pilot Program to improve the ability of the National Laboratories to support department missions; (2) provide specified maximum funding among up to ten National Laboratories selected to conduct those Programs; and (3) require the Director of each National Laboratory to establish a small business advocacy and assistance program, including a technology partnership ombudsman. Requires the Secretary to direct the Laboratory Operations Board to conduct studies related to improving mission effectiveness, partnerships, and technology transfer at National Laboratories. Amends the Department of Energy Organization Act to authorize the Secretary to enter into transactions with public and private entities for research projects. Mandates that, with respect to National Laboratories and National Nuclear Security Administration (NNSA) facilities, all actions taken by the Secretary in implementing this Act shall be through the Administrator for Nuclear Security in conformance with the National Defense Authorization Act for Fiscal Year 2000. Amends the Stevenson-Wydler Technology Innovation Act of 1980 to reflect the provisions of this Act with respect to strategic plans, experimental Federal waivers, and time required for approval. Requires the Director of NNSA to obligate funds in certain percentage amounts each fiscal year for cooperative research and development agreements, or similar cooperative, cost-shared research partnerships with non-Federal organizations.
Bill· SS. 516 (107th)referred
United States · United States Congress · 12 March 2001
Student Debt Relief Act - Amends the Internal Revenue Code to allow a limited credit for the interest paid during the first 60 months on any qualified higher education loan.
Bill· SS. 515 (107th)referred
United States · United States Congress · 12 March 2001
Private Sector Research and Development Investment Act of 2001 - Amends the Internal Revenue Code to permanently extend and modify the research credit. Directs the Secretary of the Treasury to assist small and start-up businesses in complying with the requirements of such credit.
Bill· SS. 512 (107th)open
United States · United States Congress · 9 March 2001
Internet Tax Moratorium and Equity Act - Amends the Internet Tax Freedom Act to extend, until December 31, 2005, provisions which prohibit a State or political subdivision from imposing: (1) taxes on Internet access, unless such tax was generally imposed and actually enforced prior to October 1, 1998; and (2) multiple or discriminatory taxes on electronic commerce. Expresses the sense of Congress that: (1) States and localities should work together to develop a uniform streamlined sales and use tax system that addresses remote sales; and (2) a joint comprehensive study should be undertaken to determine the cost of collecting and remitting State and local sales and use taxes under such system. Authorizes States to enter into an Interstate Sales and Use Tax Compact which shall describe a uniform, streamlined sales and use tax system consistent with such system.
Resolution· SRESS.Res. 57 (107th)referred
United States · United States Congress · 9 March 2001
Resolution to Expand Access to Community Health Centers (REACH) Initiative - Expresses the sense of the Senate that appropriations for consolidated health centers under the Public Health Service Act should be increased by 100 percent over the next five fiscal years in order to double the number of individuals who receive health care services at community, migrant, homeless, and public housing health centers.
Bill· SS. 488 (107th)open
United States · United States Congress · 8 March 2001
Education Opportunity Tax Credit Act - Amends the Internal Revenue Code to allow a taxpayer an annual tax credit for tutoring and computer technology or equipment expenses paid on behalf of a dependent elementary or secondary school student (up to $1,000 per student, $2,000 maximum).
Bill· SS. 501 (107th)referred
United States · United States Congress · 8 March 2001
Social Services Block Grant Restoration Act of 2001 - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSA) to restore the authority of States to transfer up to ten percent of TANF funds to carry out State programs pursuant to SSA title XX (Block Grants to States for Social Services). Amends SSA title XX to: (1) restore funds to States and territories for FY 2001 and 2002 and each fiscal year thereafter; and (2) require the Secretary of Health and Human Services to compile information on State activities carried out under SSA title XX and report it annually to Congress.
Bill· SS. 492 (107th)referred
United States · United States Congress · 8 March 2001
Amends the Internal Revenue Code to repeal the alternative minimum tax on individuals.
Bill· SS. 497 (107th)referred
United States · United States Congress · 8 March 2001
Landmine Elimination and Victim Assistance Act of 2001 - Expresses the sense of Congress that: (1) the Department of Defense should field currently available weapons, other technologies, tactics, and operational concepts that provide suitable alternatives to anti-personnel mines and mixed anti-tank mine systems; and (2) the United States should end its use of such mines and join the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on Their Destruction. Amends the National Defense Authorization Act for Fiscal Year 1993 to make permanent (currently terminates on October 23, 2003) the prohibition on the transfer of anti-personnel landmines. Directs the President to establish an interagency working group to develop a comprehensive plan for expanded mine action programs, including victim rehabilitation, social support, and economic reintegration.
Bill· SS. 495 (107th)referred
United States · United States Congress · 8 March 2001
Tax Equity for School Teachers Act of 2001 - Amends the Internal Revenue Code to allow as a deduction against gross income certain professional development expenses of, and classroom supplies provided by, eligible kindergarten, elementary, and secondary school teachers, instructors, aides, counselors, and principals.(Such expenses to be allowed whether or not the taxpayer itemizes, and not subject to the two percent miscellaneous deduction rule.)
Bill· HRH.R. 942 (107th)open
United States · United States Congress · 8 March 2001
Individual Income Tax Rate Reduction Act of 2001 - Amends the Internal Revenue Code to establish new, lower tax rates for individuals. Increases the standard deduction and provides that such deduction on a joint return shall be twice the amount of a single return.
Bill· HRH.R. 956 (107th)referred
United States · United States Congress · 8 March 2001
Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSA) to restore the authority of States to transfer up to ten percent of TANF funds to carry out State programs pursuant to SSA title XX (Block Grants to States for Social Services) for FY 2002. Amends SSA title XX to: (1) restore funds to States and territories for FY 2001 and 2002; and (2) require the Secretary of Health and Human Services to compile information on State activities carried out under SSA title XX and report it annually to Congress.
Bill· HRH.R. 948 (107th)open
United States · United States Congress · 8 March 2001
Landmine Elimination and Victim Assistance Act of 2001 - Expresses the sense of Congress that: (1) the Department of Defense should field currently available weapons and other technologies, and use tactics and operational concepts, that provide suitable alternatives to anti-personnel mines and mixed anti-tank mine systems; and (2) the United States should end its use of such mines and join the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on Their Destruction. Amends the National Defense Authorization Act for Fiscal Year 1993 to make permanent (currently terminates on October 23, 2003) the prohibition on the transfer of anti-personnel landmines. Directs the President to establish an interagency working group to develop a comprehensive plan for expanded mine action programs, including victim rehabilitation, social support, and economic reintegration.
Bill· HRH.R. 951 (107th)referred
United States · United States Congress · 8 March 2001
Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
Bill· HRH.R. 968 (107th)referred
United States · United States Congress · 8 March 2001
Reservists Tax Relief Act of 2001 - Amends the Internal Revenue Code to allow the deduction, as a trade or business expense, of certain expenses of members of a reserve component of the U.S. armed forces incurred in connection with such service.
Bill· HRH.R. 960 (107th)referred
United States · United States Congress · 8 March 2001
Conservation Tax Incentive Act of 2001 - Amends the Internal Revenue Code to exclude from gross income 50 percent of any gain from the sale of land or an interest in land or water to an eligible entity if: (1) such land or interest in land or water was owned by the taxpayer or a member of the taxpayer's family at all times during the 3-year period ending on the date of the sale; and (2) such land or interest in land or water is being acquired by an eligible conservation entity which provides the taxpayer, at the time of acquisition, a written letter of intent stating that the purchaser's intent in making the acquisition will serve specified conservation purposes. Revises the definition of land subject to a qualified conservation easement to mean land located in the United States or any U.S. possession for purposes of expanding the estate tax exclusion for such land.
Bill· HRH.R. 947 (107th)referred
United States · United States Congress · 8 March 2001
Amends the Internal Revenue Code to allow individual retirement accounts to exclude from unrelated business taxable income certain debt-financed real property.
Bill· HRH.R. 959 (107th)referred
United States · United States Congress · 8 March 2001
Veterans American Dream Homeownership Assistance Act of 2001 - Amends the Internal Revenue Code concerning the eligibility of veterans for State-financed veterans' home mortgages.
Bill· HRH.R. 946 (107th)referred
United States · United States Congress · 8 March 2001
North American Prescription Price Equity Act of 2001 - Amends the Internal Revenue Code to allow drug manufacturers a limited tax credit if they certify that the wholesale price of a drug in the United States market is not greater than its wholesale price in the Canadian or Mexican market.
Bill· SS. 472 (107th)open
United States · United States Congress · 7 March 2001
Nuclear Energy Electricity Supply Assurance Act of 2001 - Price-Anderson Amendments Act of 2001 - Amends the Atomic Energy Act of 1954 to extend the indemnification authority of the Nuclear Regulatory Commission (NRC) with respect to licensees and nonprofit educational institutions. Makes such authority permanent with respect to Department of Energy (DOE) contractors. Revises guidelines pertaining to: (1) licensee insurance premiums; and (2) liability and indemnification limits. Limits any civil penalty for a tax-exempt nonprofit contractor, subcontractor, or supplier to the amount of the performance fee paid by the Secretary. Amends the Department of Energy Organization Act to add two Assistant Secretaries of Energy to serve, respectively, as Director of: (1) the Office of Science; and (2) the Office of Nuclear Energy, Science, and Technology. Instructs the Secretary of Energy to establish or continue programs administered by the Office of Nuclear Energy, Science, and Technology, including: (1) specified nuclear energy research and technology programs; (2) investments to increase electricity capacity at commercial nuclear plants; (3) continued domestic capability for uranium mining, conversion, and enrichment industries; and (4) university nuclear engineering education research and infrastructure. Amends the USEC Privatization Act to prohibit the Secretary from selling surplus natural uranium and conversion services through 2006. Requires the sale of uranium hexaflouride. Authorizes the Secretary to proceed to place the Portsmouth gaseous diffusion plant into cold standby condition for a five-year period. Mandates a program to: (1) demonstrate the NRC Early Site Permit process; (2) evaluate opportunities for completion of partially constructed nuclear plants; (3) assess opportunities for Generation IV reactors; and (4) research potential licensing issues associated with new reactor technologies and designs. Declares electricity generated by a nuclear plant to be an environmentally preferable product. Conditions Federal funding for a domestic or international organization that supports electricity production facilities upon inclusion of emission-free electricity production facility projects that use nuclear fuel. Establishes the Office of Spent Nuclear Fuel Research to implement a research and development program pertaining to treatment, recycling, and disposal of high-level nuclear radioactive waste and spent nuclear fuel. Directs the Secretary to: (1) conduct an advanced fuel recycling technology research and development program to further the availability of electrometallurgical technology as a proliferation-resistant alternative to aqueous reprocessing in support of evaluation of alternative national strategies for spent nuclear fuel and Generation IV advanced reactor concepts; and (2) establish the Advanced Accelerator Applications Program. Amends the Atomic Energy Act of 1954 to: (1) revise certain commercial license requirements; (2) repeal restrictions pertaining to foreign ownership of commercial licensees; and (3) grant firearms and arrest authority to employees of NRC licensees.
Bill· SS. 481 (107th)referred
United States · United States Congress · 7 March 2001
Economic Insurance Tax Cut of 2001 - Amends the Internal Revenue Code to add a 10-percent income tax rate bracket.
Bill· SS. 477 (107th)referred
United States · United States Congress · 7 March 2001
Amends the Internal Revenue Code to exclude from gross income any qualified national service educational award.
Resolution· SCONRESS.Con.Res. 21 (107th)referred
United States · United States Congress · 7 March 2001
Expresses the sense of Congress that any long-term Federal surplus-reducing actions adopted by the 107th Congress shall include a legislative "trigger" mechanism that: (1) links the phase in of such actions to actual budgetary outcomes over the next ten fiscal years; and (2) outlines specific action that shall be taken should specified levels of Federal debt reduction or on-budget surpluses not be realized, in order to maintain fiscal discipline and continue reduction of the national debt.
Bill· HRH.R. 917 (107th)referred
United States · United States Congress · 7 March 2001
Federal Living Wage Responsibility Act - Requires the Federal government and any employer under a Federal contract or subcontract exceeding $10,000 to pay each of their respective workers: (1) an hourly wage (or salary equivalent) necessary for such employee to earn, while working 40 hours a week on a full-time basis, the amount of the Federal poverty level for a family of four; and (2) an additional amount, based on the locality in which a worker resides, sufficient to cover the costs to such worker to obtain any fringe benefits not provided by the worker's employer. Exempts employers that are: (1) small business concerns; or (2) nonprofit, tax-exempt organizations, if the ratio of the total compensation of the chief executive officer to that of the full-time equivalent of their lowest-paid employee is not greater than 25 to 1. Directs the Secretary of Labor to enforce this Act. Makes Federal contractors that are part of a pattern or practice of violations of such wage requirements subject to Federal contract suspension, a five-year ineligibility period, and liability for Government costs of obtaining a replacement contractor. Provides for judicial review of the Secretary's determinations, and authorizes the President to suspend the provisions of this Act in times of emergency. Allows an aggrieved worker to bring a civil action against an employer for appropriate relief for a violation of this Act, if the employer has not paid or reinstated the worker as a result of the administrative action.
Bill· HRH.R. 930 (107th)referred
United States · United States Congress · 7 March 2001
Social Security Right To Know Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require a certain annual report by the Board of Trustees of the Federal Old-Age and Survivors and Disability Insurance Trust Funds on the operation and status of such Funds to include information on: (1) the unfunded long-term projected liability of the Social Security system and any change in such amount from the preceding year as well as the deficit or surplus that the system will run in the last year of the long-term projection period, with any aggregate assets or liabilities held by the Trust Funds in that final projected year; and (2) the economic model and relevant data used to make such projections. Requires Social Security account statements to contain: (1) a comparison of the annual Social Security tax inflows to the amount paid annually in benefits; and (2) a statement of whether the ratio will result in a cash flow deficit, what year such deficit will commence as well as the first year in which funds in the Trust Funds will cease to be sufficient to cover the deficit, and the percentage of benefits due at that time that could be paid from annual tax inflows. Requires account statements also to explain the average rate of return that a taxpayer can expect to receive on old- age insurance benefits as compared to the total amount of Social Security taxes a taxpayer expects to pay. Makes Social Security Administration Continuous Work History Sample data publicly available for statistical research purposes subject to certain limitations.
Bill· HRH.R. 924 (107th)referred
United States · United States Congress · 7 March 2001
Amends the Internal Revenue Code to exclude from gross income certain stipends paid as part of a State program under which individuals 60 years or older perform qualifying volunteer services.
Bill· HRH.R. 921 (107th)referred
United States · United States Congress · 7 March 2001
Vaccinate America's Children Now Act - Amends the Internal Revenue Code to reduce from 75 cents to 25 cents per dose the tax on taxable vaccines.
Bill· HRH.R. 922 (107th)referred
United States · United States Congress · 7 March 2001
Amends the Internal Revenue Code to reduce to 21 years old the minimum age for a person without children to qualify for the earned income credit.
Bill· HRH.R. 928 (107th)referred
United States · United States Congress · 7 March 2001
Amends the Internal Revenue Code, with respect to Hope and Lifetime Learning credits and the interest deduction on education loans, to increase the income limitations for heads of households.
Bill· HRH.R. 927 (107th)referred
United States · United States Congress · 7 March 2001
Standby Authority to Fight Economic Recession Tax Cut Act of 2001 - Authorizes the President, upon a determination of low economic growth or unemployment by the Director of the Office of Management and Budget, to declare a temporary tax reduction.
Bill· HRH.R. 923 (107th)referred
United States · United States Congress · 7 March 2001
Amends the Internal Revenue Code to exclude from self-employment net income certain conservation reserve program payments. Amends the Social Security Act to exclude such payments from the definition of "net earnings from self-employment."
Bill· HRH.R. 925 (107th)referred
United States · United States Congress · 7 March 2001
Amends the Internal Revenue Code to exclude ($500 maximum) from gross income the value of certain real property tax reduction vouchers received by persons 65 years or older who provide qualifying volunteer services.
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