Taxation

FULL COMMITTEE HEARING ON THE SMALL BUSINESS ADMINISTRATION'S BUDGET FOR FISCAL YEAR 2008

United States · United States House of Representatives · 8 February 2007

THE U.S. DEPARTMENT OF VETERANS AFFAIRS BUDGET REQUEST FOR FISCAL YEAR 2008

United States · United States House of Representatives · 8 February 2007

THE FISCAL YEAR 2008 BUDGET REQUEST FOR THE U.S. DEPARTMENT OF ENERGY

United States · United States House of Representatives · 8 February 2007

HEARING ON THE PRESIDENT'S FISCAL YEAR 2008 BUDGET FOR THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES

United States · United States House of Representatives · 8 February 2007

TRANSPORTATION AND HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 8 February 2007

Work, Hope, and Opportunity for the Disaster Area Today Act

United States · United States Congress · 8 February 2007

Work, Hope, and Opportunity for the Disaster Area Today Act - Allows small business employers (employers of not more than 100 full time employees) in specified areas of the Gulf Opportunity (GO) Zone to claim a credit against the employment tax liabilities of their GO Zone employees. Limits to $15,000 per employee the amount of wages eligible for such credit in any calendar quarter. Amends the Internal Revenue Code to allow a full tax deduction for business meal and entertainment expenses (normally, only 50% of such expenses are deductible) incurred in specified areas of the GO Zone prior to January 1, 2010. Extends through 2009: (1) the increased expensing allowance for GO Zone investment property; and (2) the work opportunity tax credit for hiring Hurricane Katrina employees. Extends through 2008 provisions allowing accelerated depreciation of qualified leasehold, restaurant, and retail improvement property located in specified areas of the GO Zone.

Nuclear Family Priority Act

United States · United States Congress · 8 February 2007

Nuclear Family Priority Act - Amends the Immigration and Nationality Act to replace existing family-sponsored immigrant categories with a single preference allocation for spouses and children of permanent resident aliens. Reduces the number of, and revises the calculation for, fiscal year family-sponsored immigrant entrants.

To amend the Indian Financing Act of 1974 to provide for sale and assignment of loans and underlying security, and for other purposes.

United States · United States Congress · 8 February 2007

Amends the Indian Financing Act of 1974 with respect to loan guaranty and insurance to: (1) authorize the Secretary of the Interior to guarantee or insure loans to both for-profit and nonprofit borrowers; and (2) allow all or any portion of a guaranteed or insured loan, including its security, to be transferred by the lender by sale or assignment to any person, and be retransferred by the transferee. Allows a fiscal transfer agent to be compensated through any of the fees assessed and any interest earned on any funds or fees the agent has collected while the funds or fees are in the agent's control and before the time at which the agent is contractually required to transfer such funds to the Secretary or to transferees or other holders. Makes loans made by an eligible Community Development Finance Institution eligible for guaranty or insurance. Increases from $500 million to $1.5 billion the amount of loans the Bureau of Indian Affairs can have outstanding. .

Hurricane and Tornado Mitigation Investment Act of 2007

United States · United States Congress · 8 February 2007

Hurricane and Tornado Mitigation Investment Act of 2007 - Amends the Internal Revenue Code to allow individual and business taxpayers in certain states a tax credit for 25% of their qualified hurricane and tornado mitigation property expenditures up to $5,000 for any taxable year. Defines such expenditures as expenditures in a dwelling unit to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, brace gable-end walls, reinforce the connections between a roof and supporting wall, protect against windborne debris, or protect exterior doors and garages.

Forgotten Military Widows Annuity Act of 2007

United States · United States Congress · 8 February 2007

Forgotten Military Widows Annuity Act of 2007 - Amends the National Defense Authorization Act for Fiscal Year 1998 to make eligible under a Department of Defense (DOD) survivor annuity program that currently allows a survivor annuity to be paid to the unremarried surviving spouses of certain members of the Armed Forces who died before October 1, 1978, those surviving spouses who: (1) remarried after age 55; or (2) remarried at any age, but whose subsequent marriage was terminated due to death, annulment, or divorce.

Charity Care for the Uninsured Act of 2007

United States · United States Congress · 8 February 2007

Charity Care for the Uninsured Act of 2007 - Amends the Internal Revenue Code to allow physicians a tax credit for providing charity medical care. Provides for a credit amount of between $1,000 and $2,000, depending upon the hours of charity care provided.

Volunteer Responder Incentive Protection Act of 2007

United States · United States Congress · 8 February 2007

Volunteer Responder Incentive Protection Act of 2007 - Amends the Internal Revenue Code to exclude from gross income and to exempt from social security, unemployment taxes, and withholding of tax requirements rebates of real or personal property taxes or any other benefit provided by a State or local government to a member of a volunteer emergency response organization providing firefighting or emergency medical services.

Flood Insurance Community Outreach Grant Program Act of 2007

United States · United States Congress · 8 February 2007

Flood Insurance Community Outreach Grant Program Act of 2007 - Amends the National Flood Insurance Act of 1968 to authorize the Director of the Federal Emergency Management Agency (FEMA) to make grants to local governmental agencies responsible for floodplain management activities in communities that participate in the national flood insurance program for: (1) outreach activities to encourage and facilitate the purchase of flood insurance protection by owners and renters of properties in such communities; and (2) educational activities that increase awareness of flood risk reduction. Permits grant funds to be used to: (1) identify such property owners and renters; (2) notify them when their properties become included in, or are excluded from, an area having special flood hazards about the effect of such inclusion or exclusion on the applicability of the mandatory flood insurance purchase requirement; (3) educate them regarding the flood risk and reduction of risk in their community and regarding the benefits and costs of flood insurance; and (4) encourage them to maintain or acquire coverage. Sets forth requirements regarding cost-sharing and limits on administrative costs. Requires the Director to provide for such agencies to submit applications for grants and for competitive selection, based on criteria established by the Director. Lists selection considerations. Authorizes the Director to use up to 50% of amounts available for grants in each fiscal year in areas determined to have the most immediate need for such activities.

THREAT Act

United States · United States Congress · 8 February 2007

Targeting Homeland Security Resources Effectively Against Terrorism Act of 2007 or the THREAT Act - Directs the Secretary of Homeland Security to carry out a program of discretionary grants for use in high-threat, high-density urban areas. Directs the Secretary to make grants to not more than 15 areas in a fiscal year after considering the population, presence of critical infrastructure, and credibility of the terrorism-related threat for an area. Requires amounts awarded to be disbursed directly to local governments.

American Competitiveness and Adjustment Act

United States · United States Congress · 8 February 2007

American Competitiveness and Adjustment Act - Amends the Trade Act of 1974 with respect to: (1) trade adjustment assistance; (2) data collection; (3) industry-wide certifications; (4) trade adjustment assistance for farmers; (5) trade adjustment assistance for firms; and (6) trade adjustment assistance for service workers and firms and industries. Amends the Internal Revenue Code to revise and increase the health care tax credit. Establishes in the International Trade Administration of the Department of Commerce an Office of Trade Adjustment Assistance. Extends the trade adjustment assistance program through FY2012.

Tax Equity and Affordability Act of 2007

United States · United States Congress · 8 February 2007

Tax Equity and Affordability Act of 2007 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents; (2) require business taxpayers who receive payments for certain employee health insurance coverage to file informational returns; (3) direct the Secretary of the Treasury to make advance payments of health insurance tax credit amounts to health insurance providers; and (4) limit the tax exclusion for employer-provided health care coverage.

To amend the Internal Revenue Code of 1986 to increase the credit for biodiesel used as a fuel.

United States · United States Congress · 8 February 2007

Amends the Internal Revenue Code to increase the amount of the income and excise tax credits for biodiesel used as fuel.

To amend the Internal Revenue Code of 1986 to suspend the running of periods of limitation for credit or refund of overpayment of Federal income tax by veterans while their service-connected compensation determinations are pending with the Secretary of Veterans Affairs.

United States · United States Congress · 8 February 2007

Amends the Internal Revenue Code to suspend the limitation period for filing refund claims for overpayments of tax for any veteran whose overpayment relates to a determination by the Secretary of Veterans Affairs that such veteran was entitled to service-connected disability compensation. Provides that the suspension period begins on the date a veteran submits a claim for compensation and ends on the date the Secretary makes a determination. Permits a veteran to file a refund claim for overpayment of tax (relating to benefit determinations made by the Secretary of Veterans Affairs after 1995) even if the claim is barred by law, if the claim is filed before the end of one year after enactment of this Act.

Heritage Homes Tax Incentive Act of 2007

United States · United States Congress · 8 February 2007

Heritage Homes Tax Incentive Act of 2007 - Amends the Internal Revenue Code to grant a tax deduction (whether or not the taxpayer itemizes deductions) for 125 percent of residence interest paid or accrued on acquisition indebtedness for heritage homes. Defines a "heritage home" as a taxpayer's principal residence that is at least 50 years old and a certified historic structure in a registered historic district.

[H.A.S.C. No. 110-13]NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2008 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TENTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 7 February 2007

TREASURY DEPARTMENT FISCAL YEAR 2008 BUDGET

United States · United States House of Representatives · 7 February 2007

PROPOSED BUDGET FOR FISCAL YEAR 2008 FOR THE DEPARTMENT OF ENERGY

United States · United States Senate · 7 February 2007

TRAC Act

United States · United States Congress · 7 February 2007

Tax Relief for Americans in Combat Act or the TRAC Act - Amends the Internal Revenue Code to make permanent the taxpayer election to treat combat zone compensation (otherwise excludable from gross income) as earned income for purposes of computing the allowable earned income tax credit.

A bill to amend title 10, United States Code, to revive previous authority on the use of the Armed Forces and the militia to address interference with State or Federal law, and for other purposes.

United States · United States Congress · 7 February 2007

Amends the John Warner National Defense Authorization Act for Fiscal Year 2007 to repeal provisions authorizing the President to: (1) employ the Armed Forces to restore public order and enforce the law in major public emergencies; and (2) provide supplies, services, and equipment to persons affected by the situation. Restores previous authority of the President to use the Armed Forces to suppress situations which interfere with state or federal law.

Veterans Employment and Respect Act of 2007

United States · United States Congress · 7 February 2007

Veterans Employment and Respect Act of 2007 - Amends the Internal Revenue Code to allow employers a work opportunity tax credit for hiring veterans of Afghanistan or Iraq who served after October 6, 2001, in the Operation Iraqi Freedom Area or the Operation Enduring Freedom Area.

Simplification Through Additional Reporting Tax Act of 2007

United States · United States Congress · 7 February 2007

Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.

Family Small Business Tax Fairness Act of 2007

United States · United States Congress · 7 February 2007

Family Small Business Tax Fairness Act of 2007 - Amends the Internal Revenue Code to allow a married couple filing a joint tax return an election to conduct a trade or business as a qualified joint venture for purposes of determining separate net employment income. Defines "qualified joint venture" as an entity that is not treated as a partnership and that allows spouses to: (1) treat items of income and expense in accordance with their respective interests in the venture; and (2) conduct their business activities as sole proprietors.

To amend title 10, United States Code, to revive previous authority on the use of the Armed Forces and the militia to address interference with State or Federal law, and for other purposes.

United States · United States Congress · 7 February 2007

Amends the John Warner National Defense Authorization Act for Fiscal Year 2007 to repeal provisions authorizing the President to: (1) employ the Armed Forces to restore public order and enforce the law in major public emergencies; and (2) provide supplies, services, and equipment to persons affected by the situation. Restores previous authority of the President to use the Armed Forces to suppress situations which interfere with state or federal law.

Commission on Unfair Tax Breaks and Subsidies (or "CUTS") Act of 2007

United States · United States Congress · 7 February 2007

Commission on Unfair Tax Breaks and Subsidies, or CUTS Act of 2007 - Establishes the Commission on Unfair Tax Breaks and Subsidies to: (1) examine federal programs and tax laws and identify which ones provide inequitable federal subsidies; (2) review such subsidies; and (3) report to Congress. States that this Act is not intended to result in the creation of new programs or taxes. Requires the Commission to limit: (1) its activities to reviewing programs or tax laws as of the enactment of this Act with the goal of ensuring fairness and equity in its operation and application; and (2) its recommendations to the termination or reduction of payments, benefits, services, or tax advantages, rather than the termination of federal agencies or departments.

Guardsmen & Reservists' Tax Fairness Act of 2007

United States · United States Congress · 7 February 2007

Guardsmen & Reservists' Tax Fairness Act of 2007 - Amends the Internal Revenue Code to make permanent the exemption from tax penalties for premature distributions from retirement plans by members of the National Guard or Ready Reserve called to active duty.

Savings for Working Families Act of 2007

United States · United States Congress · 7 February 2007

Savings for Working Families Act of 2007 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified expenses, but requires IDA beneficiaries to complete one or more financial education courses prior to making an IDA withdrawal. Allows certain financial institutions, tax-exempt organizations, and Indian tribes to sponsor and administer IDAs. Amends the Internal Revenue Code to allow such entities a business-related tax credit for the cost of administering IDAs and for making matching contributions to IDAs in parallel accounts. Provides that IDA amounts shall be disregarded for purposes of determining eligibility for assistance under certain means-tested federal programs.

Proposing an amendment the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

United States · United States Congress · 7 February 2007

Constitutional Amendment - Prohibits the U.S. government from engaging in any business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution. Prohibits the constitution or laws of any state, or the laws of the United States, from being subject to the terms of any foreign or domestic agreement which would abrogate this amendment. Requires any activities of the U.S. government which violate the intent and purposes of this amendment to be liquidated and the properties and facilities affected to be sold within three years from the date of ratification of this amendment. Repeals the Sixteenth Amendment to the Constitution three years after ratification of this amendment and thereafter prohibits Congress from levying taxes on personal incomes, estates, and gifts.

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 6 February 2007

THE PRESIDENT'S FISCAL YEAR 2008 BUDGET

United States · United States House of Representatives · 6 February 2007

PRESIDENT'S FISCAL YEAR 2008 BUDGET WITH U.S. DEPARTMENT OF THE TREASURY SECRETARY HENRY PAULSON

United States · United States House of Representatives · 6 February 2007

REVIEW OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES' FISCAL YEAR 2008 BUDGET

United States · United States House of Representatives · 6 February 2007

Long-Term Care Trust Account Act of 2007

United States · United States Congress · 6 February 2007

Long-Term Care Trust Account Act of 2007 - Amends the Internal Revenue Code to: (1) establish tax-exempt long-term care trust accounts; (2) allow cash contributions to such accounts up to $5,000 annually; (3) allow an exclusion from gross income for certain distributions, including for long-term care services for chronically-ill individuals; (4) impose penalties for excess contributions to such accounts and for failure to provide required reports on such accounts; and (5) allow a refundable tax credit for 10% of the annual contributions to such accounts.

A bill to amend the Internal Revenue Code of 1986 to allow section 1031 treatment for exchanges involving certain mutual ditch, reservoir, or irrigation company stock.

United States · United States Congress · 6 February 2007

Amends the Internal Revenue Code to allow tax-free exchanges of shares in certain mutual ditch, reservoir, or irrigation companies.

Teacher Tax Relief Act of 2007

United States · United States Congress · 6 February 2007

Teacher Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) increase the allowable tax deduction for the expenses of elementary and secondary school teachers to $400; (2) allow the deduction of professional development expenses; and (3) make such deduction permanent.

A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates.

United States · United States Congress · 6 February 2007

Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 for provisions reducing individual tax rates on capital gains and dividend income.

Wellness and Prevention Act of 2007

United States · United States Congress · 6 February 2007

Wellness and Prevention Act of 2007 - Authorizes the Secretary of Health and Human Services to pay up to a specified amount of the medical education loans incurred by any physician who receives board certification in preventive medicine from FY2008-FY2012. Amends the Internal Revenue Code to provide for a wellness program tax credit for employers that develop and implement a program that: (1) conducts health risk assessments for each program participant; (2) offers annually at least two preventive health screenings; (3) offers annual counseling sessions on at least three preventive health topics; and (4) includes as participants not less than 50% of full-time employees. Provides a tax credit for qualified employees that participate in their employer's qualified wellness program.

Stop the Misuse of ITINs Act of 2007

United States · United States Congress · 6 February 2007

Stop the Misuse of ITINs Act of 2007 - Amends the Internal Revenue Code to require the Secretary of the Treasury to: (1) notify the Secretary of Homeland Security of any employer tax return which shows wages paid to an employee who is not authorized to be employed in the United States; and (2) provide a written notice to the employer and employee involved that such employment is illegal and must be terminated within 30 days after the date of said notice. Allows any employee who receives a notice to contest such notice and provide documentation substantiating such employee's claimed authorization to work in the United States.

To amend the Internal Revenue Code of 1986 to provide to employers a tax credit for compensation paid during the period employees are performing service as members of the Ready Reserve or the National Guard.

United States · United States Congress · 6 February 2007

Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the actual compensation paid to employees who were members of the Ready Reserve or National Guard and who were absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee.

Rural Communities Investment Act of 2007

United States · United States Congress · 6 February 2007

Rural Communities Investment Act of 2007 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association insured under the Federal Deposit Insurance Act on a loan acquired to purchase or improve rural housing and secured by rural housing or by a leasehold mortgage on such housing. Defines "rural housing" as any single family principal residence located in a rural area.

To amend the Internal Revenue Code of 1986 to provide a tax credit to employers for the value of the service not performed during the period employees are performing service as members of the Ready Reserve or the National Guard.

United States · United States Congress · 6 February 2007

Amends the Internal Revenue Code to provide employers a business tax credit for up to ten percent of compensation not paid to their employees who were members of the Ready Reserve or National Guard absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee per year.

Marriage Tax Penalty Permanent Elimination Act of 2007

United States · United States Congress · 6 February 2007

Marriage Tax Penalty Permanent Elimination Act of 2007 - Makes provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 that eliminate the marriage penalty in the standard deduction, the 15-percent tax bracket, and the earned income tax credit, permanent.

Healthcare Disclosure Act of 2007

United States · United States Congress · 6 February 2007

Healthcare Disclosure Act of 2007 - Amends the Internal Revenue Code to require employers to include in employee wage statements (i.e., W-2 forms) the total amount paid for coverage under an accident or health plan which is excludable from gross income.

IRS Illegal Immigrant Information Act of 2007

United States · United States Congress · 6 February 2007

IRS Illegal Immigrant Information Act of 2007 - Amends the Internal Revenue Code to require: (1) the Secretary of Homeland Security to request from the Secretary of the Treasury information (including mailing address, amount of wages earned, and identity of employer) about alien workers who are no longer authorized to work in the United States; (2) the Secretary of the Treasury to provide the requested information to the Department of Homeland Security; and (3) the Secretary of Homeland Security to notify the alien worker and and the worker's employer that such employment is illegal and must be terminated within 30 days of such notice. Allows any worker who receives a notice to contest such notice and to provide documentation substantiating such worker's authorization to be employed in the United States.

CLEAR Act of 2007

United States · United States Congress · 6 February 2007

Clear Law Enforcement for Criminal Alien Removal Act of 2007 or CLEAR Act of 2007 - States that: (1) state and local law enforcement personnel, in the course of their routine duties, have the inherent authority to investigate, apprehend, or transfer to federal custody aliens in the United States (including interstate transportation of such aliens to detention centers) in order to assist in the enforcement of U.S. immigration laws; and (2) effective two years after enactment of this Act, a state that has in effect a statute, policy, or practice prohibiting such law enforcement assistance shall not receive certain federal incarceration assistance. Amends the Immigration and Nationality Act with respect to illegal aliens to: (1) establish criminal penalties for aliens unlawfully present in the United States; (2) increase specified criminal penalties for illegal entry and failure to depart violations; and (3) expand the scope of, and increase, civil penalties for improper entry or failure to depart. Provides for the listing of immigration violators in the National Crime Information Center database. Encourages states and localities to provide the Department of Homeland Security with specified information about apprehended illegal aliens. Provides federal reimbursement for related State and local costs. (States that such provision shall not require state or local enforcement officials to provide the Department with information related to a victim of a crime or witness to a criminal offense.) Directs the Secretary of Homeland Security to make grants to states and political subdivisions that enforce immigration laws in the course of their routine law enforcement duties for special equipment and facilities related to arresting, detaining, or transporting illegal aliens. Directs the Secretary to: (1) construct or acquire 20 additional detention facilities for aliens detained pending removal (or a decision on removal); and (2) consider the transfer of military installations under base closure laws for such purposes. Amends the Immigration and Nationality Act with respect to illegal aliens apprehended by state or local authorities to provide for: (1) federal custody upon state or local request; and (2) state or local compensation for related incarceration and transportation costs. States with respect to an alien subject to removal that the Attorney General or Secretary shall ensure such alien's detention in an adequate (as defined by this Act) state or local prison, detention center, or other comparable facility prior to his or her removal examination. Directs the Secretary to establish immigration-related training for state and local personnel. Provides: (1) personal liability immunity to the same extent as corresponding federal immunity for state or local personnel enforcing immigration laws within the scope of their duties under this Act; and (2) civil rights money damage immunity for state or local agencies enforcing immigration laws unless their personnel violated criminal law in such enforcement. States that the Department shall continue to operate the institutional removal program (IRP), which shall be expanded to all states. Authorizes state or local detention of an illegal alien after completion of such alien's prison sentence for: (1) up to 14 days to facilitate federal transfer; or (2) until transfer to the U.S. Immigration and Customs Enforcement. Amends the Immigration and Nationality Act to authorize appropriations at a specified level for FY2012 and subsequent fiscal years for the state criminal alien assistance program (SCAAP).

Department of Homeland Security Procurement Improvement Act of 2007

United States · United States Congress · 5 February 2007

Department of Homeland Security Procurement Improvement Act of 2007 - Amends the Homeland Security Act of 2002 to require: (1) the Chief Procurement Officer to provide homeland security procurement training to acquisition employees, including establishing training objectives, standards, requirements, and courses; and (2) the Secretary of Homeland Security to establish a Council on Procurement Training to make policy and training curriculum recommendations. Directs the Secretary to require any offeror for a contract to provide goods or services to the Department of Homeland Security (DHS) to submit, as part of the offeror's bid: (1) an attestation disclosing any substantial role the offeror, the offeror's employees, or any corporate parent or subsidiary may have played in creating a solicitation, request for proposal, or statement of work or objectives for DHS; (2) a description of safeguards used to prevent the offeror from receiving information through such role that could provide an undue advantage in submission of a contract offer; and (3) a written certification indicating whether the offeror is in default or delinquent on any tax payment to the federal government. Requires the Secretary to: (1) consider the contractor's past performance based on a review of information submitted regarding performance of government and private sector contracts; and (2) contact the relevant official who administered each such contract performed during the five-year period preceding the review. Requires the Secretary to review, strengthen, and issue DHS-wide guidance on the policy governing the use of DHS purchase cards by employees to conduct official business. Directs the Comptroller General to report to Congress on DHS contracting processes.