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United States · Bill · HR

H.R. 3501 (107th)

Economic Recovery Act of 2001

referredUnited States· United States Congress· EN

Introduced

13 December 2001

Last action

5 April 2002 · Referred

Status

Referred to the Subcommittee on 21st Century Competitiveness.

Sponsors

Rep. Smith, Adam [D-WA-9], Rep. Dooley, Calvin M. [D-CA-20], Rep. Moran, James P. [D-VA-8], Rep. Harman, Jane [D-CA-36], Rep. Maloney, James H. [D-CT-5], Rep. Inslee, Jay [D-WA-1], Rep. Eshoo, Anna G. [D-CA-18], Rep. Wu, David [D-OR-1]

Subjects

Taxation, Budget

Source updated

23 March 2026

Taxation · Budget

Official sourceDownload fileView documentsShare

Summary

Economic Recovery Act of 2001 - Amends the Internal Revenue Code to allow an additional first year 30 percent depreciation allowance for property which has a recovery period of 20 years or less, is water utility property, or computer software and which was acquired after September 10, 2001, and before September 11, 2004, and is placed in service before January 1, 2005. Provides for a supplemental rebate for individuals who, before October 16, 2001, filed tax returns for 2000. Provides for a program of temporary emergency unemployment compensation. Directs the Secretary of Labor to establish an emergency health coverage assistance program to provide a limited period of health insurance premium assistance for certain qualified individuals for Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) continuation coverage. Allows a State to elect to provide temporary Medicaid coverage for certain uninsured individuals: (1) eligible for unemployment benefits; (2) not eligible for COBRA continuation coverage; and (3) with assets and resources below certain levels. Provides for a revenue offset by increasing the 35 percent highest marginal tax rate to 37.6 percent (effective in 2006). Amends the Workforce Investment Act of 1998 to provide additional funding for national emergency grants.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 December 2001

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 13 December 2001

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 13 December 2001

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 13 December 2001

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 28 December 2001

    Referred

    Referred to the Subcommittee on Health, for a period to be subsequently determined by the Chairman.

    Source: Committee

  6. 5 April 2002

    Referred

    Referred to the Subcommittee on Employer-Employee Relations.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 13 December 2001

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 13 December 2001

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 December 2001

    Open at official source

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Sponsors

Related records

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Sources

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