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108hr5306ih | (c) Conditions
A designation of a drug under subsection (b) shall be subject to the condition that— (1) after an application is approved for the drug under section 505(b) or a license is issued for the drug under section 351 of the Public Health Service Act, the manufacturer of the drug will notify the Secretary of an... |
108hr5306ih | the sponsor of the drug will notify the Secretary of any decision to discontinue active pursuit of approval of an application under section 505(b) or approval of a license under section 351 of the Public Health Service Act. (d) Public availability of notice
Notice respecting the designation of a drug under subsection ... |
108hr5306ih | if the Secretary approves an application filed pursuant to section 505 for a drug designated under section 576 as a cancer drug, or if the Secretary issues a license under section 351 of the Public Health Service Act for such a drug, the Secretary may not approve another application under section 505 or issue another l... |
108hr5306ih | Section 505(c)(2) does not apply to the refusal to approve an application under the preceding sentence. (b) Exception
If an application filed pursuant to section 505 is approved for a drug designated under section 576 as a cancer drug or if a license is issued under section 351 of the Public Health Service Act for suc... |
108hr5306ih | approve another application under section 505 or issue a license under section 351 of the Public Health Service Act for such drug for cancer for a person who is not the holder of such approved application or of such license if— (1) the Secretary finds, after providing the holder notice and opportunity for the submissio... |
108hr5306ih | or (2) such holder provides the Secretary in writing the consent of such holder for the approval of other applications or the issuance of other licenses before the expiration of such seven-year period. 578. |
108hr5306ih | Open protocols for investigations of cancer drugs
If a drug is designated under section 576 as a cancer drug and if notice of a claimed exemption under section 505(i) or regulations issued thereunder is filed for such drug, the Secretary shall encourage the sponsor of such drug to design protocols for the drug which i... |
108hr5306ih | Recommendations for investigations of cancer drugs
(a) Request for recommendations
The sponsor of a drug intended for use for cancer (referred to in this subchapter as a cancer drug ) may request the Secretary to provide written recommendations for the nonclinical and clinical investigations which must be conducted w... |
108hr5306ih | (b) Recommendations
If the Secretary has reason to believe that a drug for which a request is made under subsection (a) is a cancer drug, the Secretary shall provide the person making the request written recommendations for the nonclinical and clinical investigations which the Secretary believes, on the basis of infor... |
108hr5306ih | (c) Regulations
The Secretary shall by regulation promulgate procedures for the implementation of subsections (a) and (b). 576. Designation of cancer drugs
(a) Request for designation
The sponsor of a drug may request the Secretary to designate the drug as a cancer drug. A request for designation of a drug shall be ... |
108hr5306ih | Such a request shall contain the consent of the applicant to notice being given by the Secretary under subsection (c) respecting the designation of the drug. (b) Designation
In the case of a drug for which a request is submitted under subsection (a), the Secretary shall designate the drug as a cancer drug if the Secre... |
108hr5306ih | (c) Conditions
A designation of a drug under subsection (b) shall be subject to the condition that— (1) after an application is approved for the drug under section 505(b) or a license is issued for the drug under section 351 of the Public Health Service Act, the manufacturer of the drug will notify the Secretary of an... |
108hr5306ih | the sponsor of the drug will notify the Secretary of any decision to discontinue active pursuit of approval of an application under section 505(b) or approval of a license under section 351 of the Public Health Service Act. (d) Public availability of notice
Notice respecting the designation of a drug under subsection ... |
108hr5306ih | if the Secretary approves an application filed pursuant to section 505 for a drug designated under section 576 as a cancer drug, or if the Secretary issues a license under section 351 of the Public Health Service Act for such a drug, the Secretary may not approve another application under section 505 or issue another l... |
108hr5306ih | Section 505(c)(2) does not apply to the refusal to approve an application under the preceding sentence. (b) Exception
If an application filed pursuant to section 505 is approved for a drug designated under section 576 as a cancer drug or if a license is issued under section 351 of the Public Health Service Act for suc... |
108hr5306ih | approve another application under section 505 or issue a license under section 351 of the Public Health Service Act for such drug for cancer for a person who is not the holder of such approved application or of such license if— (1) the Secretary finds, after providing the holder notice and opportunity for the submissio... |
108hr5306ih | or (2) such holder provides the Secretary in writing the consent of such holder for the approval of other applications or the issuance of other licenses before the expiration of such seven-year period. 578. |
108hr5306ih | Open protocols for investigations of cancer drugs
If a drug is designated under section 576 as a cancer drug and if notice of a claimed exemption under section 505(i) or regulations issued thereunder is filed for such drug, the Secretary shall encourage the sponsor of such drug to design protocols for the drug which i... |
108hr5306ih | Abbreviated applications for new drugs; nonpatent market exclusivity for cancer drugs
Section 505(j)(5)(F)(ii) of the Federal Food, Drug, and Cosmetic Act ( 21 U.S.C. 355(j)(5)(F)(ii) ) is amended— (1) by striking (ii) and inserting (ii)(I) ; and (2) by adding at the end the following subclause: (II) With respect to a... |
108hr5306ih | the reference in such subclause to five years is deemed to be ten years, the reference to four years is deemed to be eight years, the reference to forty-eight months is deemed to be ninety-six months, and the reference to seven and one-half years is deemed to be twelve and one-half years. 4. Extension of Patent Term on... |
108hr4327ih | 1. Vitilas Veto Reid Post Office Building
(a) Designation
The facility of the United States Postal Service located at 7450 Natural Bridge Road in St. Louis, Missouri, shall be known and designated as the Vitilas Veto Reid Post Office Building. (b) References
Any reference in a law, map, regulation, document, paper, ... |
108hr5085ih | 1. Suspension of duty on Cobaltate(1-), bis[3-[[1-(3-chlorophenyl)-4,5-dihydro-3-methyl-5-(oxo- kO)-1H-pyrazol-4-yl]azo-kN1]-4-(hydroxy- kO)benzenesulfonamidato(2-)]-, sodium
(a) In general
Subchapter II of chapter 99 of the Harmonized Tariff Schedule of the United States is amended by inserting in numerical sequence... |
108hr5085ih | 13 Cobaltate(1-), bis[3-[[1-(3-chlorophenyl)-4,5-dihydro-3-methyl-5-(oxo- kO)-1H-pyrazol-4-yl]azo-kN1]-4-(hydroxy- kO)benzenesulfonamidato(2-)]-, sodium (CAS No. 73612-40-5) (provided for in subheading 3204.12.45) Free No Change No Change On or Before 12/31/2007. |
108hr5085ih | (b) Effective date
The amendment made by subsection (a) applies to articles entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment of this Act. |
108hr5272ih | 1. Short Title
This Act may be cited as the United States Boxing Commission Act. 2. Establishment of United States Boxing Commission
(a) In general
The United States Boxing Commission is established as a commission within the Department of Commerce. (b) Members
(1) In general
The Commission shall consist of 3 memb... |
108hr5272ih | (2) Qualifications
No member of the Commission may, while serving as a member of the Commission— (A) be engaged as a professional boxer, boxing promoter, agent, fight manager, matchmaker, referee, judge, or in any other capacity in the conduct of the business of professional boxing; (B) have any pecuniary interest in ... |
108hr5272ih | (4) Geographic balance
Not more than 2 members of the Commission may be residents of the same geographic region of the United States when appointed to the Commission. For purposes of the preceding sentence, the area of the United States east of the Mississippi River is a geographic region, and the area of the United S... |
108hr5272ih | (B) Midterm vacancies
A member of the Commission appointed to fill a vacancy in the Commission occurring before the expiration of the term for which the member’s predecessor was appointed shall be appointed for the remainder of that unexpired term. (C) Continuation pending replacement
A member of the Commission may s... |
108hr5272ih | (c) Executive Director
(1) In general
The Commission shall employ an Executive Director to perform the administrative functions of the Commission under this Act, and such other functions and duties of the Commission as the Commission shall specify. (2) Discharge of functions
Subject to the authority, direction, and ... |
108hr5272ih | (d) General Counsel
The Commission shall employ a General Counsel to provide legal counsel and advice to the Executive Director and the Commission in the performance of its functions under this Act, and to carry out such other functions and duties as the Commission shall specify. (e) Staff
The Commission shall employ... |
108hr5272ih | (g) Compensation
(1) Members of Commission
(A) In general
Each member of the Commission shall be compensated at a rate equal to the daily equivalent of the annual rate of basic pay prescribed for level IV of the Executive Schedule under section 5315 of title 5, United States Code, for each day (including travel time... |
108hr5272ih | (B) Travel expenses
The members of the Commission shall be allowed travel expenses, including per diem in lieu of subsistence, at rates authorized for employees of agencies under subchapter I of chapter 57 of title 5, United States Code, while away from their homes or regular places of business in the performance of s... |
108hr5272ih | The rate of pay for the Executive Director, the General Counsel, and other personnel may not exceed the rate payable for level V of the Executive Schedule under section 5316 of title 5, United States Code. 3. Functions
(a) Primary functions
The primary functions of the Commission are— (1) to protect the general inter... |
108hr5272ih | (b) Specific functions
The Commission shall— (1) promulgate uniform standards for professional boxing in consultation with the Association of Boxing Commissions; (2) except as otherwise determined by the Commission, oversee all professional boxing matches in the United States; (3) work with the boxing commissions of t... |
108hr5272ih | and local government, that Federal and State laws applicable to professional boxing matches in the United States are vigorously, effectively, and fairly enforced; (5) review State boxing commission regulations for professional boxing and provide assistance to such authorities in meeting minimum standards prescribed by ... |
108hr5272ih | (c) Prohibitions
The Commission may not— (1) promote boxing events or rank professional boxers; or (2) provide technical assistance to, or authorize the use of the name of the Commission by, boxing commissions that do not comply with requirements of the Commission. 4. Licensing and registration of boxing personnel
(a... |
108hr5272ih | (2) Application and term
(A) In general
The Commission shall— (i) establish application procedures, forms, and fees; (ii) establish and publish appropriate standards for licenses granted under this section; and (iii) issue a license to any person who, as determined by the Commission, meets the standards established b... |
108hr5272ih | (C) Procedure
The Commission may issue a license under this paragraph through boxing commissions or in a manner determined by the Commission. (b) Licensing fees
(1) Authority
The Commission may prescribe and charge reasonable fees for the licensing of persons under this Act. The Commission may set, charge, and adjus... |
108hr5272ih | (2) Limitations
In setting and charging fees under paragraph (1), the Commission shall ensure that, to the maximum extent practicable— (A) club boxing is not adversely effected; (B) sanctioning organizations and promoters pay comparatively the largest portion of the fees; and (C) boxers pay as small a portion of the f... |
108hr5272ih | National registry of boxing personnel
The Commission shall establish and maintain (or authorize a third party to establish and maintain) a unified national computerized registry for the collection, storage, and retrieval of such information as the Commission shall prescribe by rule related to the performance of its du... |
108hr5272ih | Misconduct
(a) Suspension and revocation of license or registration
(1) Authority
The Commission may, after notice and opportunity for a hearing, suspend or revoke any license issued under this Act if the Commission finds that— (A) the license holder has violated any provision of this Act; (B) there are reasonable g... |
108hr5272ih | or (C) the suspension or revocation in the public interest. (2) Period of suspension
A suspension of a license under this section shall be effective for a period determined appropriate by the Commission. (3) Period of revocation
In the case of a revocation of the license of a boxer, the revocation shall be for a peri... |
108hr5272ih | any provision of this Act or any regulation prescribed under this Act; (B) require or permit any person to file with it a statement in writing, under oath or otherwise as the Commission shall determine, as to all the facts and circumstances concerning the matter to be investigated; (C) in its discretion, publish inform... |
108hr5272ih | (2) Powers
(A) In general
For the purpose of any investigation under paragraph (1) or any other proceeding under this Act— (i) any officer designated by the Commission may administer oaths and affirmations, subpoena or otherwise compel the attendance of witnesses, take evidence, and require the production of any book... |
108hr5272ih | (B) Witnesses and evidence
The attendance of witnesses and the production of any documents under subparagraph (A) may be required from any place in the United States, including Indian land, at any designated place of hearing. |
108hr5272ih | (3) Enforcement of subpoenas
(A) Civil action
In case of contumacy by, or refusal to obey a subpoena issued to, any person, the Commission may file an action in any district court of the United States within the jurisdiction of which an investigation or proceeding is carried out, or where that person resides or carri... |
108hr5272ih | The court may issue an order requiring the person to appear before the Commission to produce records, if so ordered, or to give testimony concerning the matter under investigation or in question. (B) Failure to obey
Any failure to obey an order issued by a court under subparagraph (A) may be punished as contempt of th... |
108hr5272ih | (4) Evidence of criminal misconduct
No person may be excused from attending and testifying or from producing books, papers, contracts, agreements, and other records and documents before the Commission, in obedience to the subpoena of the Commission, or in any cause or proceeding instituted by the Commission, on the gr... |
108hr5272ih | (5) Injunctive relief
If the Commission determines that any person is engaged or about to engage in any act or practice that constitutes a violation of any provision of this Act, or of any regulation prescribed under this Act, the Commission may bring an action in the appropriate district court of the United States, t... |
108hr5272ih | (6) Mandamus
Upon application of the Commission, the district courts of the United States, the United States District Court for the District of Columbia, and the United States courts of any territory or other place subject to the jurisdiction of the United States, shall have jurisdiction to issue writs of mandamus com... |
108hr5272ih | (c) Intervention in civil Actions
(1) In general
The Commission, on behalf of the public interest, may intervene of right as provided under rule 24(a) of the Federal Rules of Civil Procedure in any civil action relating to professional boxing filed in a district court of the United States. (2) Amicus filing
The Comm... |
108hr5272ih | (d) Hearings by Commission
Hearings conducted by the Commission under this Act shall be public and may be held before any officer of the Commission. The Commission shall keep appropriate records of the hearings. 8. Noninterference with boxing Commissions
(a) Noninterference
Nothing in this Act prohibits any boxing c... |
108hr5272ih | (b) Minimum standards
Nothing in this Act prohibits any boxing commission from enforcing local standards or requirements that exceed the minimum standards or requirements promulgated by the Commission under this Act. 9. Assistance from other agencies
Any employee of any executive department, agency, bureau, board, co... |
108hr5272ih | While so detailed, an employee shall continue to receive the compensation provided pursuant to law for the employee’s regular position of employment and shall retain, without interruption, the rights and privileges of that employment. 10. Study
(a) Study
The Commission shall conduct a study on the health and safety a... |
108hr5272ih | (b) Report
Not later than 1 year after the date of enactment of this Act, the Commission shall submit a report on the study required by this section to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Energy and Commerce of the House of Representatives, including recommendation... |
108hr5272ih | Reports
(a) Annual report
Not later than 2 years after the date of enactment of this Act, and each year thereafter, the Commission shall submit a report on its activities to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Energy and Commerce of the House of Representatives. T... |
108hr5272ih | (b) Public report
The Commission shall annually issue and publicize a report of the Commission on the progress made at Federal and State levels and on Indian lands in the reform of professional boxing, which shall include comments on issues of continuing concern to the Commission. 12. |
108hr5272ih | Initial implementation
(a) Temporary exemption
The requirements for licensing under this Act do not apply to a person for the performance of an activity as a boxer, boxing judge, or referee, or the performance of any other professional activity in relation to a professional boxing match, if the person is licensed by ... |
108hr5272ih | (b) Expiration
The exemption under subsection (a) with respect to a license issued by a boxing commission expires on the earlier of— (1) the date on which the license expires; or (2) the date that is 2 years after the date of the enactment of this Act. 13. Sunset Provision
This Act shall cease to have effect 6 years ... |
108hr5272ih | Authorization of appropriations
(a) In general
There are authorized to be appropriated for the Commission for each fiscal year such sums as may be necessary for the Commission to perform its functions for that fiscal year. |
108hr5272ih | (b) Receipts credited as offsetting collections
Notwithstanding section 3302 of title 31, United States Code, any fee collected under this Act— (1) shall be credited as offsetting collections to the account that finances the activities and services for which the fee is imposed; (2) shall be available for expenditure o... |
108hr5369ih | 1. Short title
This Act may be cited as the Delaware Water Gap National Recreation Area Natural Gas Pipeline Enlargement Act. 2. Definitions
In this Act: (1) Corporation
The term Corporation means the Columbia Gas Transmission Corporation. (2) Pipeline
The term pipeline means that portion of the pipeline of the Cor... |
108hr5369ih | (3) Recreation area
The term Recreation Area means the Delaware Water Gap National Recreation Area in the Commonwealth of Pennsylvania. (4) Secretary
The term Secretary means the Secretary of the Interior. (5) Superintendent
The term Superintendent means the Superintendent of the Recreation Area. 3. Easement for exp... |
108hr5369ih | (b) Terms and conditions
The easement authorized under subsection (a) shall— (1) be consistent with— (A) the recreational values of the Recreation Area; and (B) protection of the resources of the Recreation Area; (2) include provisions for the protection of resources in the Recreation Area that ensure that only the mi... |
108hr5369ih | and (4) be subject to any other terms and conditions that the Secretary determines to be necessary. (c) Permits
(1) In general
The Superintendent may issue a permit to the Corporation for the use of the Recreation Area in accordance with subsection (b) for the temporary construction and staging areas required for the... |
108hr5369ih | (B) identify natural and cultural resources of the Recreation Area that may be damaged or lost because of the clearing or construction; and (C) submit to the Superintendent for approval a restoration and mitigation plan that— (i) describes how the land subject to the easement will be maintained; and (ii) includes a sch... |
108hr5369ih | (d) Pipeline replacement requirements
The enlargement of the pipeline authorized under subsection (a) shall be considered to meet the pipeline replacement requirements required by the Research and Special Programs Administration of the Department of Transportation (CPF No. 1–2002–1004–H). (e) FERC consultation
The Co... |
108hr5369ih | (f) Limitation
The Secretary shall not grant any additional increases in the diameter of, or easements for, the pipeline within the boundary of the Recreation Area after the date of enactment of this Act. (g) Effect on right-of-way easement
Nothing in this Act increases the 50-foot right-of-way easement for the pipel... |
108hr5369ih | or any other applicable law if— (1) the Corporation— (A) violates a provision of— (i) an easement authorized under subsection (a); or (ii) a permit issued under subsection (c); or (B) fails to submit or timely implement a restoration and mitigation plan approved under subsection (c)(3); and (2) the violation or failure... |
108hr4001ih | 1. Agricultural Research Service research on interspecies transfer of proteinaceous infectious particles causing transmissible spongiform encephalopathies
(a) Research program authorized
The Secretary of Agriculture make establish a research program under which the Agricultural Research Service will conduct research ... |
108hr4001ih | In carrying out the research program, the Agricultural Research Service shall specifically study the risks associated with feeding livestock by-products to other animals, such as chickens, turkeys, and hogs, which are subsequently slaughtered and the by-products of which are feed to livestock or whose offspring are sla... |
108hr4001ih | (b) Authorization of appropriations
There is authorized to be appropriated to the Secretary of Agriculture to carry out the research program $15,000,000 for fiscal year 2005, $20,000,000 for fiscal year 2006, and $25,000,000 for fiscal year 2007. |
108hr5036ih | 1. Extension of patent
The Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office shall, when patent numbered RE 38,014 (BIEBERSTEIN) (relating to the Maglite flashlight) expires, extend such patent for 2 years, with all the rights pertaining to such patent. |
108hr4895ih | 1. Short title and table of contents
(a) Short title
This Act may be cited as the Individual Social Security Investment Program Act of 2004. (b) Table of contents
The table of contents is as follows: Sec. 1. Short title and table of contents Sec. 2. Establishment of Individual Social Security Investment Program Part... |
108hr4895ih | Tier II Investment Fund Sec. 255. Tier III investment accounts Sec. 256. Retirement distributions Sec. 257. Recognition bonds Sec. 258. Supplemental minimum benefit payments Sec. 259. Election for participation Sec. 260. Early distribution and termination of participation in program Sec. 261. Individual Investment Boar... |
108hr4895ih | CPI-indexed benefits for Part A beneficiaries other than disability beneficiaries Sec. 6. Maintenance of adequate balances in the Social Security Trust Funds 2. Establishment of Individual Social Security Investment Program
(a) In general
Title II of the Social Security Act is amended— (1) by inserting before section... |
108hr4895ih | Definitions
For purposes of this part— (1) Participant
The term participant means— (A) any individual who is born on or after January 1, 1983, and— (i) receives wages in any calendar year after December 31, 2004, on which there is imposed a tax under section 3101(a) of the Internal Revenue Code of 1986, or (ii) deriv... |
108hr4895ih | and (B) any individual who is born on or after January 1, 1950, and before January 1, 1983, and— (i) (I) receives wages in any calendar year ending before January 1, 2004, on which there is imposed a tax under section 3101(a) of the Internal Revenue Code of 1986, or (II) derives self-employment income for a taxable yea... |
108hr4895ih | and (ii) has filed an election for participation in accordance with section 259. (2) Board
The term Board means the Individual Investment Board established under section 261. (3) Executive Director
The term Executive Director means the Executive Director appointed under section 262. (4) Part B totalization account
T... |
108hr4895ih | (6) Tier II Investment Fund
The term Tier II Investment Fund means the trust fund created under section 254. (7) Tier III investment account
The term Tier III investment account means a trust established pursuant to section 255. 252. |
108hr4895ih | Individual investment of social security contributions; part B totalization accounts
(a) Payments into Tier I Investment Fund
(1) In general
During each calendar year, the Secretary of the Treasury shall deposit into the Tier I Investment Fund (established under section 253), from amounts held in the Federal Old-Age... |
108hr4895ih | (2) Redirected social security contributions
For purposes of paragraph (1) the term redirected social security contributions of a participant for a calendar year means the product derived by multiplying— (A) the sum of the total wages paid to, and self-employment income derived by, the participant during such calendar... |
108hr4895ih | (3) Transfers based on estimates
The amounts deposited pursuant to paragraph (1) shall be transferred in at least monthly payments from the Federal Old-Age and Survivors Insurance Trust Fund to the Tier I Investment Fund, such amounts to be determined on the basis of estimates, by the Commissioner of Social Security a... |
108hr4895ih | (4) Separate accounting and crediting
(A) In general
Subject to this paragraph, the Board shall provide, after the close of each calendar year, for prompt accounting of the amounts deposited in the Tier I Investment Fund with respect to each participant during such calendar year to such individual’s part B totalizati... |
108hr4895ih | For purposes of determining such increases and decreases in such amounts for each calendar year, the amounts deposited into the Fund in connection with any participant during such calendar year shall be deemed to have been deposited on June 30 of such year. (B) Crediting
Under such accounting, amounts deposited into t... |
108hr4895ih | (b) Transfers into Tier II Investment Fund
(1) In general
Upon the crediting to a participant’s part B totalization account of any amount held in the Tier I Investment Fund for any calendar year, the Board shall (except as provided in section 260(a)(2)) transfer the amount so credited to such account from the Tier I ... |
108hr4895ih | (2) Separate accounting and crediting
Subject to this paragraph, the Board shall provide for ongoing separate accounting in the participant’s part B totalization account of the amounts deposited in the Tier II Investment Fund with respect to such participant during each calendar year, together with any increases or de... |
108hr4895ih | (c) Deposits to Tier III investment accounts
(1) In general
In any case in which, as of the end of any calendar year, the total balance in the Tier II Investment Fund credited to the participant’s part B totalization account exceeds for the first time the minimum deposit balance, the Board shall, by regulation, provi... |
108hr4895ih | Such election may be in lieu of or in addition to investment in any option available with respect to the Tier II Investment Fund. (2) Minimum deposit balance
(A) In general
Subject to subparagraph (B), the term `minimum deposit balance' means an amount equal to $10,000. |
108hr4895ih | (B) Adjustments
The Board shall adjust annually (effective for years after December 2005) the dollar amount set forth in subparagraph (A) under procedures providing for adjustments in the same manner and to the same extent as adjustments are provided for under the procedures used to adjust benefit amounts under sectio... |
108hr4895ih | (3) Subsequent investment
At any time after a participant’s first election of a Tier III investment account pursuant to paragraph (1), the participant may invest any portion of the balance credited to the participant’s part B totalization account in a Tier III investment account, the Tier II Investment Fund, or any co... |
108hr4895ih | (d) Accounting for total invested amounts by means of part B totalization accounts
(1) Establishment of accounts
As soon as practicable after the later of January 1, 2005, or the date on which an individual becomes a participant under this part, the Executive Director shall establish and maintain a part B totalizatio... |
108hr4895ih | The part B totalization account of a participant shall be identified to such participant by means of the participant’s social security account number. (2) Account balance
The balance in a participant’s part B totalization account at any time is the sum of— (A) any balance in the Tier I Investment Fund credited to such... |
108hr4895ih | plus (B) the excess of— (i) all deposits in the Tier II Investment Fund credited to such participant’s part B totalization account under subsection (a) (including the proceeds of any sale by such participant, as provided in section 257(e), of any recognition bond issued in the name of the participant under section 257(... |
108hr4895ih | over (ii) amounts credited to such participant’s part B totalization account under subsection (a) paid out of the Tier II Investment Fund under this part; plus (C) the excess of— (i) the deposits to any Tier III investment account of such participant, subject to such increases and reductions as may result from allocati... |
108hr4895ih | (3) Allocation of earnings and losses
Pursuant to regulations which shall be prescribed by the Board, the Executive Director shall allocate to the part B totalization account of each participant an amount equal to the net earnings and net losses from each investment of sums— (A) in the Tier II Investment Fund which ar... |
108hr4895ih | (e) Treatment of transfers
Transfers from the Federal Old-Age and Survivors Insurance Trust Fund to the Tier I Investment Fund and transfers among the Tier I Investment Fund, Tier II Investment Fund, and Tier III investment accounts under this part shall not be included in the totals of the budget of the United States... |
108hr4895ih | Tier I Investment Fund
(a) Establishment of Tier I Investment Fund
There is established in the Treasury of the United States a trust fund to be known as the Tier I Investment Fund. The Board shall serve as trustees of such Fund. The Fund consists of all amounts derived from payments into the Fund under section 252(a)... |
108hr4895ih | The amounts held in the Fund are appropriated and shall remain available without fiscal year limitation— (1) to be held for investment on behalf of participants under subsection (b), (2) to pay the administrative expenses related to the Fund and to investment under subsection (b), (3) to make transfers to the Tier II I... |
108hr4895ih | (b) Investment of Fund balance
For purposes of investment of the Tier I Investment Fund, the Board shall contract with appropriate professional asset managers selected for investment of amounts held in the Fund, so as to provide for investment of the balance of the Fund, in a manner providing broad diversification in ... |
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