SECTION 1. SHORT TITLE.

    This Act may be cited as the ``TANF Recipients' Lifeline Act''.

SEC. 2. REPEAL OF 5-YEAR LIMIT ON BENEFITS.

    (a) In General.--Section 408(a) of the Social Security Act (42
U.S.C. 608(a)) is amended by striking paragraph (7).
    (b) Conforming Amendment.--Section 409(a) of such Act (42 U.S.C.
609(a)) is amended by striking paragraph (9).

SEC. 3. EXCEPTION FOR TANF TO 5-YEAR BAN ON BENEFITS FOR QUALIFIED
              ALIENS.

    (a) In General.--Section 403(c)(2) of the Personal Responsibility
and Work Opportunity Reconciliation Act of 1996 (8 U.S.C. 1613(c)(2))
is amended by adding at the end the following:
                    ``(L) Benefits under the Temporary Assistance for
                Needy Families program described in section
                402(b)(3)(A).''.
    (b) Conforming Amendments.--Section 402(b)(2) of the Personal
Responsibility and Work Opportunity Reconciliation Act of 1996 (8
U.S.C. 1612(b)(2)) is amended--
            (1) in subparagraph (A)(ii) by striking ``subparagraph
        (C))'' and inserting ``subparagraphs (A) and (C))''; and
            (2) by striking subparagraph (B).

SEC. 4. REQUIREMENT TO PROVIDE TRANSLATION SERVICES FOR NON-ENGLISH
              SPEAKERS.

    (a) Requirement.--Section 408(a) of the Social Security Act (42
U.S.C. 608(a)) is amended by adding at the end the following:
            ``(12) Use of bilingual personnel and printed material.--A
        State to which a grant is made under section 403 shall use
        appropriate bilingual personnel and printed material in the
        administration of the State program funded under this part in
        those portions of the political subdivisions in the State in
        which a substantial number of recipients of assistance under
        the State program speak a language other than English.''.
    (b) Penalty.--Section 409(a) of such Act (42 U.S.C. 609(a)) is
amended by adding at the end the following:
            ``(15) Failure to use bilingual personnel and printed
        material.--If the Secretary determines that a State to which a
        grant is made under section 403 for a fiscal year has violated
        section 408(a)(12) during the fiscal year, the Secretary shall
        reduce the grant payable to the State under section 403(a)(1)
        for the immediately succeeding fiscal year by an amount equal
        to 2 percent of the State family assistance grant.''.

SEC. 5. INFLATION ADJUSTMENT OF BLOCK GRANT.

    (a) Extension of Block Grant.--Section 403(a)(1)(A) of the Social
Security Act (42 U.S.C. 603(a)(1)(A)) is amended by striking ``1996''
and all that follows through ``2002'' and inserting ``2002 through
2005''.
    (b) Inflation Adjustment.--Section 403(a)(1) of such Act (42 U.S.C.
603(a)(1)) is amended--
            (1) in subparagraph (B)--
                    (A) by striking ``means the greatest of--'' and
                inserting ``means, with respect to a fiscal year
                specified in subparagraph (A)--
                            ``(i) the greatest of--'';
                    (B) by redesignating each of clauses (i), (ii)(I),
                (ii)(II), and (iii) as subclauses (I), (II)(aa),
                (II)(bb), and (III), respectively;
                    (C) by indenting each of the provisions specified
                in subparagraph (B) of this paragraph 2 additional ems
                to the right;
                    (D) by striking the period and inserting ``;
                mulitplied by''; and
                    (E) by adding at the end the following:
                            ``(ii) if the fiscal year specified in
                        subparagraph (A) is--
                                    ``(I) fiscal year 2002 or 2003,
                                1.00; or
                                    ``(II) fiscal year 2004 or 2005,
                                1.00 plus the inflation percentage (as
                                defined in subparagraph (F) of this
                                paragraph) in effect for the fiscal
                                year specified in subparagraph (A).'';
                                and
            (2) by adding at the end the following:
                    ``(F) Inflation percentage.--For purposes of
                subparagraph (B) of this paragraph, the inflation
                percentage applicable to a fiscal year is the
                percentage (if any) by which--
                            ``(i) the average of the Consumer Price
                        Index (as defined in section 1(f)(5) of the
                        Internal Revenue Code of 1986) for the 12-month
                        period ending on September 30 of the
                        immediately preceding fiscal year; exceeds
                            ``(ii) the average of the Consumer Price
                        Index (as so defined) for the 12-month period
                        ending on September 30, 2002.''.

SEC. 6. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on October 1,
2002.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Taking Account of Institutions with
Low Operation Risk Act of 2015'' or the ``TAILOR Act of 2015''.

SEC. 2. REGULATIONS APPROPRIATE TO BUSINESS MODELS.

    (a) In General.--For any regulatory action occurring subsequent to
enactment of this section, and notwithstanding any other provision of
law, the Federal financial institutions regulatory agencies shall--
            (1) take into consideration the risk profile and business
        models of the various institutions or classes of institutions
        subject to the regulatory action;
            (2) determine the necessity, appropriateness, and impact of
        applying such regulatory action to such institutions or classes
        of institutions; and
            (3) tailor such regulatory action applicable to such
        institutions or class of institutions in a manner that limits
        the regulatory compliance impact, cost, liability risk, and
        other burdens as is appropriate for the risk profile and
        business model involved.
    (b) Other Considerations.--In satisfying the requirements of
subsection (a) and when implementing such regulatory action, the
Federal financial institutions regulatory agencies shall also
consider--
            (1) the impact that such regulatory action, both by itself
        and in conjunction with the aggregate effect of other
        regulations, has on the ability of the institution or class of
        institutions to flexibly serve evolving and diverse customer
        needs;
            (2) the potential unintended impact of examination manuals
        or other regulatory directives that work in conflict with the
        tailoring of such regulatory action described in subsection
        (a)(3); and
            (3) the underlying policy objectives of the regulatory
        action and statutory scheme involved.
    (c) Notice of Proposed and Final Rulemaking.--The Federal financial
institutions regulatory agencies shall disclose in every notice of
proposed rulemaking and in any final rulemaking for a regulatory action
how the agency has applied subsections (a) and (b).
    (d) Reports to Congress.--
            (1) Individual agency reports.--
                    (A) In general.--The Federal financial institutions
                regulatory agencies shall individually report to the
                Committee on Financial Services of the House of
                Representatives and the Committee on Banking, Housing,
                and Urban Affairs of the Senate, within twelve months
                of enactment of this section and annually thereafter,
                on the specific actions taken to tailor the agency's
                regulatory actions pursuant to the requirements of this
                section.
                    (B) Appearance before the committees.--The head of
                each Federal financial institution regulatory agency
                shall appear before the Committee on Financial Services
                of the House of Representatives and the Committee on
                Banking, Housing, and Urban Affairs of the Senate after
                each report is made pursuant to subparagraph (A), to
                testify on the contents of such report.
            (2) FIEC reports.--
                    (A) In general.--The Financial Institutions
                Examination Council shall report to the Committee on
                Financial Services of the House of Representatives and
                the Committee on Banking, Housing, and Urban Affairs of
                the Senate, within three months after the reports
                required under paragraph (1)--
                            (i) on the extent to which regulatory
                        actions tailored pursuant to this section
                        result in differential regulation of similarly-
                        situated institutions of diverse charter types
                        with respect to comparable regulations; and
                            (ii) the reasons for such differential
                        treatment.
                    (B) Appearance before the committees.--The Chairman
                of the Financial Institutions Examination Council shall
                appear before the Committee on Financial Services of
                the House of Representatives and the Committee on
                Banking, Housing, and Urban Affairs of the Senate after
                each report is made pursuant to subparagraph (A), to
                testify on the contents of such report.
    (e) Limited Look-Back Application.--The Federal financial
institutions regulatory agencies shall conduct a review of all
regulations adopted during the period beginning on the date that is
five years before the date of the introduction of this Act in the House
of Representatives and ending on the date of the enactment of this Act
and apply the requirements of this section to such regulations. If the
application of the requirements of this section to any such regulation
requires such regulation to be revised, the agency shall revise such
regulation within three years of the enactment of this section.
    (f) Definitions.--For purposes of this section, the following
definitions shall apply:
            (1) Federal financial institutions regulatory agencies.--
        The term ``Federal financial institutions regulatory agencies''
        means the Office of the Comptroller of the Currency, the Board
        of Governors of the Federal Reserve System, the Federal Deposit
        Insurance Corporation, the National Credit Union
        Administration, and the Bureau of Consumer Financial
        Protection.
            (2) Regulatory action.--The term ``regulatory action''
        means any proposed, interim, or final rule or regulation,
        guidance, or published interpretation.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Equity Act of 1993''.

SEC. 2. REGIONAL COST-OF-LIVING ADJUSTMENTS IN INDIVIDUAL INCOME TAX
              RATES.

    (a) General Rule.--Subsection (f) of section 1 of the Internal
Revenue Code of 1986 (relating to adjustments in tax tables so that
inflation will not result in tax increases) is amended by adding at the
end thereof the following new paragraphs:
            ``(8) Regional cost-of-living adjustments.--
                    ``(A) In general.--In the case of an individual,
                the rate table otherwise in effect under this section
                for any taxable year (determined after the application
                of paragraph (1)) shall be further adjusted as provided
                in subparagraph (B).
                    ``(B) Method of making regional adjustment.--The
                rate table otherwise in effect under this section with
                respect to any individual for any taxable year shall be
                adjusted as follows:
                            ``(i) The minimum and maximum dollar
                        amounts otherwise in effect for each rate
                        bracket shall be multiplied by the applicable
                        multiplier (for the calendar year in which the
                        taxable year begins) which applies to the
                        statistical area in which the individual's
                        primary place of abode during the taxable year
                        is located.
                            ``(ii) The rate applicable to any rate
                        bracket (as adjusted by clause (i)) shall not
                        be changed.
                            ``(iii) The amount setting forth the tax
                        shall be adjusted to the extent necessary to
                        reflect the adjustments in the rate brackets.
                If any amount determined under clause (i) is not a
                multiple of $50, such amount shall be rounded to the
                nearest multiple of $50.
            ``(9) Determination of multipliers.--
                    ``(A) In general.--Not later than December 15 of
                each calendar year, the Secretary shall prescribe an
                applicable multiplier for each statistical area of the
                United States which shall apply to taxable years
                beginning during the succeeding calendar year.
                    ``(B) Determination of multipliers.--
                            ``(i) For each statistical area where the
                        cost-of-living differential for any calendar
                        year is greater than 125 percent, the
                        applicable multiplier for such calendar year is
                        90 percent of such differential.
                            ``(ii) For each statistical area where the
                        cost-of-living differential for any calendar
                        year exceeds 97 percent but does not exceed 125
                        percent, the applicable multiplier for such
                        calendar year is 1.05.
                            (iii) For each statistical area not
                        described in clause (i) or (ii), the applicable
                        multiplier is the cost-of-living differential
                        for the calendar year.
                    ``(C) Cost-of-living differential.--The cost-of-
                living differential for any statistical area for any
                calendar year is the percentage determined by
                dividing--
                            ``(i) the cost-of-living for such area for
                        the preceding calendar year; by
                            ``(ii) the average cost-of-living for the
                        United States for the preceding calendar year.
                    ``(D) Cost-of-living for area.--
                            ``(i) In general.--For each calendar year
                        beginning after 1993, the Secretary of Labor
                        shall determine and publish a cost-of-living
                        index for each statistical area.
                            ``(ii) Methodology.--The cost-of-living
                        index determined under clause (i) for any
                        statistical area for any calendar year shall be
                        based on average market prices for the area for
                        the 12-month period ending on August 31 of such
                        calendar year. The market prices taken into
                        account under the preceding sentence shall be
                        selected and used under the same methodology as
                        is used by the Secretary of Labor in developing
                        the Consumer Price Index for All Urban
                        Consumers.
                    ``(E) Statistical area.--For purposes of this
                subsection the term `statistical area' means
                            ``(i) any metropolitan statistical area as
                        defined by the Secretary of Commerce, and
                            ``(ii) the portion of any State not within
                        a metropolitan statistical area as so defined.
            ``(10) Areas outside the united states.--The area
        applicable multiplier for any area outside the United States
        shall be 1.''
    (b) Effective Date.--
            (1) In general.--The amendment made by this section shall
        apply to taxable years beginning after December 31, 1993.
            (2) Transition rule.--Notwithstanding section 1(f)(9)(A) of
        the Internal Revenue Code (as added by this section), the date
        for prescribing applicable multipliers for taxable years
        beginning in calendar year 1994 shall be the date 1 year after
        the date of the enactment of this Act.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Reduction and Economic Growth
Act of 1995''.

SEC. 2. TAX REDUCTION IN THE EVENT OF LOW GROWTH.

    (a) Low-Growth Report.--
            (1) In general.--At any time, the Director of the Office of
        Management and Budget (hereafter in this section referred to as
        the ``Director'') shall notify the President and the Congress
        if the Director has determined that for any of the periods
        described in paragraph (2)--
                    (A) economic growth as measured by the change in
                real Gross Domestic Product (GDP) at an annual rate is
                estimated to be less than 1.5 percent, and
                    (B) the rate of national unemployment (seasonally
                adjusted) is estimated to be greater than 6.5 percent.
            (2) Testing periods.--For purposes of paragraph (1), the
        periods described in this paragraph are--
                    (A) the period consisting of the quarter during
                which the notification is given and the quarter
                preceding such notification,
                    (B) the period consisting of the preceding 4
                quarters, and
                    (C) the period consisting of the 2 quarters
                following such notification.
    (b) Presidential Authorization of Temporary Tax Reductions.--
            (1) Presidential declaration.--After notification under
        subsection (a), the President may issue a declaration that
        temporary income tax reductions are required for a specified
        calendar year to provide a quick and necessary fiscal stimulus
        to the economy. Any such declaration shall be transmitted to
        the Congress.
            (2) Temporary tax modifications.--If the President
        transmits a declaration under paragraph (1) to the Congress--
                    (A) Temporary tax reductions.--
                            (i) In general.--Effective for taxable
                        years beginning in the calendar year specified
                        in such declaration--
                                    (I) the rates applicable to the
                                first income bracket in the tax tables
                                contained in section 1 of the Internal
                                Revenue Code of 1986 shall be reduced
                                by a percentage (not to exceed 3
                                percent) specified in such declaration,
                                and
                                    (II) the amounts set fourth as tax
                                in such tables shall be adjusted to
                                reflect such rate reduction.
                            (ii) Withholding adjustments.--The
                        withholding tables or procedures prescribed by
                        the Secretary of the Treasury or his delegate
                        under section 3402(a) of such
                         Code shall be modified so that, to the maximum
extent possible, the full calendar year effect of such reduction is
reflected through withholding reductions during the portion of the
calendar year after such declaration.
                    (B) Temporary surtax where economic growth
                requirements subsequently satisfied.--
                            (i) In general.--Effective for taxable
                        years beginning in the first subsequent
                        calendar year for which the economic growth
                        requirements of paragraph (3) are satisfied--
                                    (I) each rate of tax in the tax
                                tables contained in section 1 of the
                                Internal Revenue Code of 1986 shall be
                                increased by the percentage determined
                                under paragraph (4) for such year,
                                except the tax rate for individuals
                                with Adjusted Gross Income of less than
                                $50,000 and taxpayers filing jointly
                                with Adjusted Gross Income of less than
                                $75,000 shall not exceed the rates
                                established in the year prior to the
                                temporary tax reduction, and
                                    (II) the amounts set forth as tax
                                in such tables shall be adjusted to
                                reflect such rate increases.
                            (ii) Withholding adjustments.--Effective
                        for such subsequent calendar year, the
                        withholding tables or procedures prescribed by
                        the Secretary of the Treasury or his delegate
                        under section 3402(a) of such Code shall be
                        modified to reflect the increase in tax rates
                        under clause (i).
            (3) Economic growth requirements.--The economic growth
        requirements of this paragraph are satisfied for any calendar
        year if, before the beginning of such calendar year, the
        President determines (and publishes such determination in the
        Federal Register) that for such calendar year and the
        immediately preceding calendar year--
                    (A) economic growth as measured by the change in
                the real Gross Domestic Product (GDP) is estimated to
                be greater than 4.5 percent, and
                    (B) the rate of national unemployment (seasonally
                adjusted) is estimated to be less than 5.5 percent.
            (4) Rate increase percentage.--The percentage determined
        under this paragraph is the percentage increase in the tax
        rates contained in section 1 of the Internal Revenue Code of
        1986 which the President estimates will result in an aggregate
        increase in receipts under chapter 1 of such Code equal to the
        aggregate decrease in receipts under such Code by reason of
        subparagraph (A) of paragraph (2) without increasing the tax
        rate for individuals with Adjusted Gross Income of less than
        $50,000 and taxpayers filing jointly with Adjusted Gross Income
        of less than $75,000 above the rates established in the year
        prior to the temporary tax reduction. Such percentage shall be
        published in the Federal Register before the beginning of the
        calendar year for which the economic requirements of paragraph
        (2) are satisfied.

SEC. 3. TREATMENT UNDER PAY-AS-YOU-GO PROCEDURES.

    Any reduction or increase in receipts resulting from section 2 of
this Act shall not be considered for any purpose under the Balanced
Budget and Emergency Deficit Control Act of 1985.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Teachers For Tomorrow Act of 2001''.

SEC. 2. REVISION OF TEACHER LOAN FORGIVENESS PROGRAMS.

    (a) Guaranteed Student Loans.--Part B of title IV of the Higher
Education Act of 1965 is amended by--
            (1) redesignating section 428K (20 U.S.C. 1078-11) as
        section 428L; and
            (2) by inserting after section 428J the following new
        section:

``SEC. 428K. EXPANDED LOAN FORGIVENESS FOR TEACHERS.

    ``(a) Purpose.--It is the purpose of this section to expand,
subject to the availability of appropriations therefor, the eligibility
of individuals to qualify for loan forgiveness for teachers beyond that
available under section 428J, in order to provide additional incentives
for such individuals to enter and continue in the teaching profession.
    ``(b) Program Authorized.--
            ``(1) In general.--From the sums appropriated pursuant to
        subsection (i), the Secretary shall carry out a program,
        through the holder of the loan, of assuming the obligation to
        repay a qualified loan amount for a loan made under section 428
        or 428H, in accordance with subsection (c), for any new
        borrower on or after October 1, 1998, who is not eligible for
        loan forgiveness under section 428J, but who--
                    ``(A) is employed as a full-time teacher--
                            ``(i) in a public elementary or secondary
                        school;
                            ``(ii) if employed as a secondary school
                        teacher, is teaching a subject area that is
                        relevant to the borrower's academic major as
                        certified by the chief administrative officer
                        of the public secondary school in which the
                        borrower is employed; and
                            ``(iii) if employed as an elementary school
                        teacher, has demonstrated, as certified by the
                        chief administrative officer of the public
                        elementary school in which the borrower is
                        employed, knowledge and teaching skills in
                        reading, writing, mathematics, or other areas
                        of the elementary school curriculum;
                    ``(B) has a State certification (which may include
                certification obtained through alternative means) or a
                State license to teach, and has not failed to comply
                with State or local accountability standards; and
                    ``(C) is not in default on a loan for which the
                borrower seeks forgiveness.
            ``(2) Selection of recipients.--The Secretary shall by
        regulations, establish a formula that ensures fairness and
        equality for applicants in the selection of borrowers for loan
        repayment under this section, based on the amount available
        pursuant to subsection (i).
    ``(c) Qualified Loans Amount.--
            ``(1) In general.--The Secretary shall repay not more than
        the percentage specified in paragraph (2) of the loan
        obligation on a loan made under section 428 or 428H that is
        outstanding after the completion of each complete school year
        of teaching described in subsection (b)(1). No borrower may
        receive a reduction of loan obligations under both this section
        and section 460.
            ``(2) Percentage eligible.--The percent of the loan
        obligation which the Secretary shall repay under paragraph (1)
        of this subsection is--
                    ``(A) in the case of teaching in a school that
                qualifies under section 465(a)(2)(A) for loan
                cancellation for Perkins loan recipients who teach in
                such schools, 25 percent for the first or second year
of such service, and 50 percent for the third year of such service; or
                    ``(B) in the case of any other public elementary or
                secondary school, 15 percent for the first or second
                year of such service, 20 percent for the third or
                fourth year of such service, and 30 percent for the
                fifth year of such service.
            ``(3) Treatment of consolidation loans.--A loan amount for
        a loan made under section 428C may be a qualified loan amount
        for the purposes of this subsection only to the extent that
        such loan amount was used to repay a Federal Direct Stafford
        Loan, a Federal Direct Unsubsidized Stafford Loan, or a loan
        made under section 428 or 428H for a borrower who meets the
        requirements of subsection (b), as determined in accordance
        with regulations prescribed by the Secretary.
            ``(4) Treatment of years of service for continuing
        education loans.--For purposes of paragraph (2), the year of
        service is determined on the basis of the academic year that
        the borrower began the service as a full-time teacher, except
        that in the case of a borrower who incurs a loan obligation for
        continuing education expenses while teaching, the year of
        service is determined on the basis of the academic year
        following the academic year for which the loan obligation was
        incurred.
    ``(d) Regulations.--The Secretary is authorized to issue such
regulations as may be necessary to carry out the provisions of this
section.
    ``(e) Construction.--Nothing in this section shall be construed to
authorize any refunding of any repayment of a loan.
    ``(f) List.--If the list of schools in which a teacher may perform
service pursuant to subsection (c)(2)(A) is not available before May 1
of any year, the Secretary may use the list for the year preceding the
year for which the determination is made to make such service
determination.
    ``(g) Additional Eligibility Provisions.--
            ``(1) Continued eligibility.--Any teacher who performs
        service in a school that--
                    ``(A) meets the requirements of subsection
                (b)(1)(A) in any year during such service; and
                    ``(B) in a subsequent year fails to meet the
                requirements of such subsection,
        may continue to teach in such school and shall be eligible for
        loan forgiveness pursuant to subsection (b).
            ``(2) Prevention of double benefits.--No borrower may, for
        the same service, receive a benefit under both this section and
        subtitle D of title I of the National and Community Service Act
        of 1990 (42 U.S.C. 12571 et seq.).
    ``(h) Definition.--For purposes of this section, the term `year',
where applied to service as a teacher, means an academic year as
defined by the Secretary.
    ``(i) Authorization of Appropriations.--There are authorized to be
appropriated to carry out this section such sums as may be necessary
for fiscal year 2002 and each of the 5 succeeding fiscal years.''.
    (b) Direct Student Loans.--Part D of title IV of the Higher
Education Act of 1965 is amended by inserting after section 460 the
following new section:

``SEC. 460A. EXPANDED LOAN FORGIVENESS FOR TEACHERS.

    ``(a) Purpose.--It is the purpose of this section to expand,
subject to the availability of appropriations therefor, the eligibility
of individuals to qualify for loan forgiveness for teachers beyond that
available under section 460, in order to provide additional incentives
for such individuals to enter and continue in the teaching profession.
    ``(b) Program Authorized.--
            ``(1) In general.--From the sums appropriated pursuant to
        subsection (i), the Secretary shall carry out canceling the
        obligation to repay a qualified loan amount in accordance with
        subsection (c) for Federal Direct Stafford Loans and Federal
        Direct Unsubsidized Stafford Loans made under this part for any
        new borrower on or after October 1, 1998, who is not eligible
        for loan forgiveness under section 460, but who--
                    ``(A) is employed as a full-time teacher--
                            ``(i) in a public elementary or secondary
                        school;
                            ``(ii) if employed as a secondary school
                        teacher, is teaching a subject area that is
                        relevant to the borrower's academic major as
                        certified by the chief administrative officer
                        of the public secondary school in which the
                        borrower is employed; and
                            ``(iii) if employed as an elementary school
                        teacher, has demonstrated, as certified by the
                        chief administrative officer of the public
                        elementary school in which the borrower is
                        employed, knowledge and teaching skills in
                        reading, writing, mathematics, or other areas
                        of the elementary school curriculum;
                    ``(B) has a State certification (which may include
                certification obtained through alternative means) or a
                State license to teach, and has not failed to comply
                with State or local accountability standards; and
                    ``(C) is not in default on a loan for which the
                borrower seeks forgiveness.
            ``(2) Selection of recipients.--The Secretary shall by
        regulations, establish a formula that ensures fairness and
        equality for applicants in the selection of borrowers for loan
        repayment under this section, based on the amount available
        pursuant to subsection (i).
    ``(c) Qualified Loans Amount.--
            ``(1) In general.--The Secretary shall cancel not more than
        the percentage specified in paragraph (2) of the loan
        obligation on a loan made under this part that is outstanding
        after the completion of each complete school year of teaching
        described in subsection (b)(1). No borrower may receive a
        reduction of loan obligations under both this section and
        section 428J.
            ``(2) Percentage eligible.--The percent of the loan
        obligation which the Secretary shall cancel under paragraph (1)
        of this subsection is--
                    ``(A) in the case of teaching in a school that
                qualifies under section 465(a)(2)(A) for loan
cancellation for Perkins loan recipients who teach in such schools, 25
percent for the first or second year of such service, and 50 percent
for the third year of such service; or
                    ``(B) in the case of any other public elementary or
                secondary school, 15 percent for the first or second
                year of such service, 20 percent for the third or
                fourth year of such service, and 30 percent for the
                fifth year of such service.
            ``(3) Treatment of consolidation loans.--A loan amount for
        a Federal Direct Consolidation Loan may be a qualified loan
        amount for the purposes of this subsection only to the extent
        that such loan amount was used to repay a Federal Direct
        Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, or
        a loan made under section 428 or 428H for a borrower who meets
        the requirements of subsection (b), as determined in accordance
        with regulations prescribed by the Secretary.
            ``(4) Treatment of years of service for continuing
        education loans.--For purposes of paragraph (2), the year of
        service is determined on the basis of the academic year that
        the borrower began the service as a full-time teacher, except
        that in the case of a borrower who incurs a loan obligation for
        continuing education expenses while teaching, the year of
        service is determined on the basis of the academic year
        following the academic year for which the loan obligation was
        incurred.
    ``(d) Regulations.--The Secretary is authorized to issue such
regulations as may be necessary to carry out the provisions of this
section.
    ``(e) Construction.--Nothing in this section shall be construed to
authorize any refunding of any repayment of a loan.
    ``(f) List.--If the list of schools in which a teacher may perform
service pursuant to subsection (c)(2)(A) is not available before May 1
of any year, the Secretary may use the list for the year preceding the
year for which the determination is made to make such service
determination.
    ``(g) Additional Eligibility Provisions.--
            ``(1) Continued eligibility.--Any teacher who performs
        service in a school that--
                    ``(A) meets the requirements of subsection
                (b)(1)(A) in any year during such service; and
                    ``(B) in a subsequent year fails to meet the
                requirements of such subsection,
        may continue to teach in such school and shall be eligible for
        loan forgiveness pursuant to subsection (b).
            ``(2) Prevention of double benefits.--No borrower may, for
        the same service, receive a benefit under both this section and
        subtitle D of title I of the National and Community Service Act
        of 1990 (42 U.S.C. 12571 et seq.).
    ``(h) Definition.--For purposes of this section, the term `year',
where applied to service as a teacher, means an academic year as
defined by the Secretary.
    ``(i) Authorization of Appropriations.--There are authorized to be
appropriated to carry out this section such sums as may be necessary
for fiscal year 2002 and each of the 5 succeeding fiscal years.''.

SEC. 3. NO INCOME TAX BY REASON OF LOAN FORGIVENESS.

    Subsection (f) of section 108 of the Internal Revenue Code of 1986
is amended by adding at the end the following new paragraph:
            ``(4) Loan forgiveness for teachers.--In the case of an
        individual, gross income does not include any amount which (but
        for this paragraph) would be includible in gross income by
        reason of the discharge (in whole or in part) of any loan if
        such discharge was pursuant to section 428J, 428K, 460, or 460A
        of the Higher Education Act of 1965 (20 U.S.C. 1078-10), as in
        effect on the date of the enactment of this paragraph.''


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Teaching Children to Save Lives Act
of 2011''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Heart disease is the leading cause of death in the
        United States.
            (2) Sudden cardiac arrest is the leading cause of death in
        young athletes.
            (3) Sudden cardiac arrest kills an estimated 5,000 to 7,000
        children and young people per year--nearly 20 per day.
            (4) The American Heart Association estimates that the lives
        of 40,000 cardiac arrest victims could be saved each year
        through initiating a course of action known as the chain of
        survival.
            (5) The chain of survival includes prompt notification of
        emergency services and early cardiopulmonary resuscitation
        (hereinafter referred to as ``CPR''), defibrillation, and
        advanced cardiac life support.
            (6) Only 36 States have a law or curriculum standard
        encouraging CPR or automated external defibrillator
        (hereinafter referred to as ``AED'') training in schools.
            (7) A person experiencing sudden cardiac arrest has a 90
        percent chance of survival if CPR and an AED is used within the
        first minute after collapse.
            (8) Over 64 percent of young athletes and others have
        survived sudden cardiac arrest that occurred in a high school
        with an AED program.
            (9) An important part of school children's education is
        learning healthy behaviors, including proper nutrition and
        physical activity. This health education should also include
        basic emergency life-saving skills.
            (10) Teaching school children to perform the life-saving
        skill of CPR, identify and respond to choking victims, and
        recognize the signs of stroke and heart attack can improve
        their confidence in responding to an emergency and encourage
        continued efforts to update these skills after graduation,
        thereby potentially reducing the rate of death from sudden
        cardiac arrest, choking, and stroke.

SEC. 3. GRANTS FOR CPR TRAINING IN PUBLIC SCHOOLS.

    (a) Grants Authorized.--The Secretary of Education shall carry out
a program under which the Secretary is authorized to award grants to
eligible local educational agencies or targeted schools for
implementing nationally recognized CPR and AED training courses.
    (b) Use of Funds.--A local educational agency or targeted school
under this Act may use the grant for--
            (1) training individuals in CPR and AED skills and
        instruction;
            (2) obtaining printed informational or instructional
        materials;
            (3) obtaining manikins;
            (4) obtaining AED training devices; and
            (5) obtaining other equipment as determined appropriate by
        the Secretary.
    (c) Grant Eligibility.--
            (1) Application.--To be eligible to receive a grant under
        this section, a local educational agency or targeted school
        shall submit an application to the Secretary at such time, in
        such manner, and containing such information and certifications
        as the Secretary may reasonably require.
            (2) AED training devices.--To be eligible to use the grant
        to obtain an AED training device, a local agency or targeted
        school shall demonstrate to the Secretary that such agency or
        school has implemented or intends to implement an AED training
        program in conjunction with a CPR training program as of the
        date of the submission of the application for the grant.
    (d) Priority of Award.--In awarding grants under this section, the
Secretary shall award such grants based on 1 or more of following
priorities:
            (1) Demonstrated need for initiating a CPR or AED training
        program in a targeted school or community served by targeted
        schools.
            (2) Demonstrated need for continued support of an existing
        CPR or AED training programs in targeted schools or communities
        served by targeted schools.
            (3) Demonstrated need for expanding an existing CPR or AED
        training program by adding training in the use of an AED.
            (4) Opportunities to encourage and foster partnerships with
        and among community organizations, including emergency medical
        service providers, fire and police departments, nonprofit
        organizations, public health organizations, and parent-teacher
        associations to aid in providing CPR or AED training.
            (5) Options to maximize the use of funds provided under
        this section.
    (e) Report Required.--Not later than 1 year after the date on which
funds are first appropriated to carry out the program, the Secretary
shall submit a report to Congress describing--
            (1) grant amounts and recipients;
            (2) how the funds were used; and
            (3) the impact of the funds on the development of CPR and
        AED training programs in schools implementing the grants.
    (f) Definitions.--In this section:
            (1) Targeted school.--The term ``targeted school'' means a
        public elementary school or secondary school that provides
        education to students in any of grades 6 through 12.
            (2) Local educational agency.--The term ``local educational
        agency'' has the meaning given such term in section 9101 of the
        Elementary and Secondary Education Act of 1965 (20 U.S.C.
        7801).

SEC. 4. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated to carry out this Act
$25,000,000 for each of the fiscal years 2012 through 2017.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Technology Investment Incentive Act
of 2003''.

SEC. 2. EXPENSING OF SOFTWARE AND QUALIFIED TECHNOLOGICAL EQUIPMENT.

    (a) In General.--Part VI of subchapter B of chapter 1 of the
Internal Revenue Code of 1986 is amended by inserting after section
179A the following new section:

``SEC. 179B. EXPENSING OF SOFTWARE AND QUALIFIED TECHNOLOGICAL
              EQUIPMENT.

    ``(a) Treatment as Expenses.--A taxpayer may elect to treat the
cost of any section 179B property as an expense which is not chargeable
to capital account. Any cost so treated shall be allowed as a deduction
for the taxable year in which the section 179B property is placed in
service.
    ``(b) Section 179B Property.--For purposes of this section--
            ``(1) In general.--The term `section 179B property' means
        property--
                    ``(A)(i) which is qualified technological equipment
                (as defined in section 168(i)(2)) to which section 168
                applies, or
                    ``(ii) which is qualified computer software to
                which section 167 applies,
                    ``(B) which is section 1245 property (as defined in
                section 1245(a)(3)),
                    ``(C) which is acquired by purchase (as defined in
                section 179(b)(2)) after the date of the enactment of
                this section and before September 11, 2004, for use in
                the active conduct of a trade or business, and
                    ``(D) which is placed in service on or before
                September 11, 2004.
            ``(2) Qualified computer software.--The term `qualified
        computer software' means computer software (as defined in
        section 197(e)(3)(B)) which is described in section
        197(e)(3)(A)(i).
    ``(c) Property Used Outside the United States Not Qualified.--No
deduction shall be allowed under subsection (a) with respect to
property which is used predominantly outside the United States or with
respect to the portion of the cost of any property taken into account
under section 179.
    ``(d) Basis Reduction.--
            ``(1) In general.--For purposes of this title, the basis of
        any property shall be reduced by the amount of the deduction
        with respect to such property which is allowed by subsection
        (a).
            ``(2) Ordinary income recapture.--For purposes of section
        1245, the amount of the deduction allowable under subsection
        (a) with respect to any property that is of a character subject
        to the allowance for depreciation shall be treated as a
        deduction allowed for depreciation under section 167.''.
    (b) Conforming Amendments.--
            (1) Section 263(a)(1) of such Code is amended by striking
        ``or'' at the end of subparagraph (G), by striking the period
        at the end of subparagraph (H) and inserting ``, or'', and by
        inserting after subparagraph (H) the following new
        subparagraph:
                    ``(I) expenditures for which a deduction is allowed
                under section 179B.''.
            (2) Section 312(k)(3)(B) of such Code is amended by
        striking ``or 179A'' each place it appears in the heading and
        text and inserting ``, 179A, or 179B''.
            (3) Section 1016(a) of such Code is amended by striking
        ``and'' at the end of paragraph (29), by striking the period at
        the end of paragraph (30) and inserting ``, and'', and by
        inserting after paragraph (30) the following new paragraph:
            ``(31) to the extent provided in section 179B(d)(1),''.
            (4) Section 1245(a) of such Code is amended by inserting
        ``179B,'' after ``179A,'' both places it appears in paragraphs
        (2)(C) and (3)(C).
            (5) The table of contents for subpart B of part IV of
        subchapter A of chapter 1 of such Code is amended by inserting
        after the item relating to section 179A the following new item:

                              ``Sec. 179B. Expensing of software and
                                        qualified technological
                                        equipment.''.
    (c) Effective Date.--The amendments made by this section shall
apply to taxable years ending after the date of the enactment of this
Act.

SEC. 3. 3-YEAR DEPRECIATION OF WIRELESS TELECOMMUNICATIONS EQUIPMENT,
              ADVANCED SERVICES EQUIPMENT, NETWORK OR NETWORK SYSTEM
              EQUIPMENT, AND RESEARCH EXPENSES FOR SOFTWARE
              DEVELOPMENT.

    (a) In General.--Subsection (e) of section 168 of the Internal
Revenue Code of 1986 (relating to classification of property) is
amended by adding after paragraph (5) the following new paragraph:
            ``(6) Certain property treated as 3-year property.--
                    ``(A) In general.--The term `3-year property'
                includes property--
                            ``(i) described in subparagraph (B), (C),
                        or (D),
                            ``(ii) acquired by purchase (as defined in
                        section 179(b)(2)) after the date of the
                        enactment of this paragraph and on or before
                        September 11, 2004, and
                            ``(iii) placed in service on or before
                        September 11, 2004.
                    ``(B) Wireless telecommunications equipment.--
                Property is described in this subparagraph if such
                property is equipment used in the transmission,
                reception, coordination, or switching of wireless
                telecommunications service.
                    ``(C) Advanced services equipment.--Property is
                described in this subparagraph if such property is
                equipment (excluding cabling) used in the provision of
                Internet or electronic communications access services
                or support, or which supports access to electronic
                media and data and associated communications support,
                provided that such services or support, constitute or
                directly contribute to the provisions of advanced
                telecommunications capability.
                    ``(D) Network or network system equipment.--
                Property is described in this subparagraph if such
                property is information technology equipment, including
                computer servers, hubs, bridges, switches and routers,
                which are interconnected so as to enable computers and
                peripherals to communicate with each other either
                individually or as a single unit.
                    ``(E) Treatment under alternative system.--Property
                treated as 3-year property by this paragraph shall be
                treated as having a class life of 3 years for purposes
                of subsection (g).''
    (b) Research Expenses for Software Development.--Subsection (b) of
section 174 of such Code is amended by adding at the end the following
new paragraph:
            ``(3) Expenditures for software development.--Paragraph (1)
        shall be applied by substituting `36 months' for `60 months' in
        the case of expenditures for software development which are
        made after the date of the enactment of this paragraph and
        before September 11, 2004.''
    (c) Effective Date.--The amendments made by this section shall
apply to taxable years ending after the date of the enactment of this
Act.


SECTION 1. INCREASED EXCLUSION AND OTHER MODIFICATIONS APPLICABLE TO
              QUALIFIED SMALL BUSINESS STOCK.

    (a) Increased Exclusion.--
            (1) In general.--Subsection (a) of section 1202 of the
        Internal Revenue Code of 1986 (50-percent exclusion for gain
        from certain small business stock) is amended--
                    (A) by striking ``50 percent'' and inserting ``75
                percent'', and
                    (B) by striking ``50-Percent'' in the heading and
                inserting ``75-Percent''.
            (2) Conforming amendments.--
                    (A) Paragraph (8) of section 1(h) of such Code is
                amended to read as follows:
            ``(8) Section 1202 gain.--For purposes of this subsection,
        the term `section 1202 gain' means an amount equal to 25
        percent of the gain which would be excluded from gross income
        under section 1202(a) without regard to the 75 percent
        limitation in such section.''
                    (B) The heading for section 1202 of such Code is
                amended by striking ``50-percent'' and inserting ``75-
                percent''.
                    (C) The table of sections for part I of subchapter
                P of chapter 1 of such Code is amended by striking
                ``50-percent'' in the item relating to section 1202 and
                inserting ``75-percent''.
    (b) Reduction in Holding Period.--
            (1) In general.--Subsection (a) of section 1202 of such
        Code is amended by striking ``5 years'' and inserting ``3
        years''.
            (2) Conforming amendment.--Subsections (g)(2)(A) and
        (j)(1)(A) of section 1202 of such Code are each amended by
        striking ``5 years'' and inserting ``3 years''.
    (c) Exclusion Available to Corporations.--
            (1) In general.--Subsection (a) of section 1202 of such
        Code is amended by striking ``other than a corporation''.
            (2) Technical amendment.--Subsection (c) of section 1202 of
        such Code is amended by adding at the end the following new
        paragraph:
            ``(4) Stock held among members of controlled group not
        eligible.--Stock of a member of a parent-subsidiary controlled
        group (as defined in subsection (d)(3)) shall not be treated as
        qualified small business stock while held by another member of
        such group.''
    (d) Repeal of Minimum Tax Preference.--
            (1) In general.--Subsection (a) of section 57 of such Code
        (relating to items of tax preference) is amended by striking
        paragraph (7).
            (2) Technical amendment.--Subclause (II) of section
        53(d)(1)(B)(ii) of such Code is amended by striking ``, (5),
        and (7)'' and inserting ``and (5)''.
    (e) Stock of Larger Businesses Eligible for Exclusion.--
            (1) In general.--Paragraph (1) of section 1202(d) of such
        Code (defining qualified small business) is amended by striking
        ``$50,000,000'' each place it appears and inserting
        ``$300,000,000''.
            (2) Inflation adjustment.--Section 1202(d) of such Code is
        amended by adding at the end the following:
            ``(4) Inflation adjustment of asset limitation.--In the
        case of stock issued in any calendar year after 1999, the
        $300,000,000 amount contained in paragraph (1) shall be
        increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined
                under section 1(f)(3) for the calendar year in which
                the taxable year begins, determined by substituting
                `calendar year 1998' for `calendar year 1992' in
                subparagraph (B) thereof.
        If any amount as adjusted under the preceding sentence is not a
        multiple of $10,000, such amount shall be rounded to the
        nearest multiple of $10,000.''
    (f) Repeal of Per-Issuer Limitation.--Section 1202 of such Code is
amended by striking subsection (b).
    (g) Other Modifications.--
            (1) Repeal of working capital limitation.--Section
        1202(e)(6) of such Code (relating to working capital) is
        amended--
                    (A) in subparagraph (B), by striking ``2 years''
                and inserting ``5 years''; and
                    (B) by striking the last sentence.
            (2) Exception from redemption rules where business
        purpose.--Section 1202(c)(3) of such Code (relating to certain
        purchases by corporation of its own stock) is amended by adding
        at the end the following:
                    ``(D) Waiver where business purpose.--A purchase of
                stock by the issuing corporation shall be disregarded
                for purposes of subparagraph (B) if the issuing
                corporation establishes that there was a business
                purpose for such purchase and one of the principal
                purposes of the purchase was not to avoid the
                limitations of this section.''
    (h) Qualified Trade or Business.--Section 1202(e)(3) of such Code
(defining qualified trade or business) is amended by inserting ``and''
at the end of subparagraph (C), by striking ``, and'' at the end of
subparagraph (D) and inserting a period, and by striking subparagraph
(E).
    (i) Effective Dates.--
            (1) In general.--Except as provided in paragraph (2), the
        amendments made by this section apply to stock issued after the
        date of enactment of this Act.
            (2) Special rule.--The amendments made by subsections (a),
        (c), (e), (f), and (g)(1) apply to stock issued after August
        10, 1993.

SEC. 2. INCREASED EXCLUSION FOR INCENTIVE STOCK OPTIONS; EXCEPTION FROM
              ALTERNATIVE MINIMUM TAX.

    (a) Increased Exclusion.--Subsection (d) of section 422 of the
Internal Revenue Code of 1986 (relating to $100,000 per year
limitation) is amended by striking ``$100,000'' each place it appears
and inserting ``$200,000''.
    (b) Exception From Alternative Minimum Tax.--Subsection (b) of
section 56 of such Code is amended by striking paragraph (3).
    (c) Effective Date.--The amendments made by this section shall
apply to options exercised in calendar years beginning after the date
of the enactment of this Act.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Telemarketer Identification Act of
2001''.

SEC. 2. PROHIBITION ON INTERFERENCE WITH CALLER IDENTIFICATION
              SERVICES.

    (a) In General.--Section 227 of the Communications Act of 1934 (47
U.S.C. 227) is amended--
            (1) by redesignating subsections (e) and (f) as subsections
        (f) and (g), respectively; and
            (2) by inserting after subsection (d) the following new
        subsection (e):
    ``(e) Prohibition on Interference With Caller Identification
Services.--
            ``(1) In general.--It shall be unlawful for any person or
        entity within the United States, in making any commercial
        telephone solicitation, to interfere with or circumvent the
        ability of a caller identification service to access or provide
        to the recipient of the call the information about the call (as
        required under the regulations issued under paragraph (2)) that
        such service is capable of providing.
            ``(2) Regulations.--Not later than 18 months after the date
        of the enactment of the Telemarketer Identification Act of
        2001, the Commission shall prescribe regulations to implement
        this subsection. The regulations shall--
                    ``(A) require any person or entity making a
                commercial telephone solicitation to make such
                solicitation in a manner such that a recipient of such
                solicitation having a caller identification service
                capable of providing such information will be provided
                by such service with--
                            ``(i) the name of the person or entity on
                        whose behalf such solicitation is being made,
                        or the name of the person or entity making the
                        solicitation; and
                            ``(ii) a valid and working telephone number
                        at which the person or entity making such
                        solicitation or the person or entity on whose
                        behalf such solicitation was made may be
                        reached during regular business hours for the
                        purpose of requesting that the recipient of
                        such solicitation be placed on the do-not-call
                        list required under section 64.1200 of the
                        Commission's regulations (47 C.F.R. 64.1200) to
                        be maintained by the person making such
                        solicitation; and
                    ``(B) provide that any person or entity who
                receives a request from a person to be placed on such
                do-not-call list may not use such person's name and
                telephone number for any other telemarketing purpose
                (including transfer or sale to any other entity for
                telemarketing use) other than enforcement of such list.
            ``(3) Private right of action.--A person or entity may, if
        otherwise permitted by the laws or rules of court of a State,
        bring in an appropriate court of that State--
                    ``(A) an action based on a violation of this
                subsection or the regulations prescribed under this
                subsection to enjoin such violation;
                    ``(B) an action to recover for actual monetary loss
                from such a violation, or to receive $500 in damages
                for each such violation, whichever is greater; or
                    ``(C) both such actions.
        If the court finds that the defendant willfully or knowingly
        violated this subsection or the regulations prescribed under
        this subsection, the court may, in its discretion, increase the
        amount of the award to an amount equal to not more than 3 times
        the amount available under subparagraph (B).
            ``(4) Definitions.--In this subsection:
                    ``(A) Caller identification service.--The term
                `caller identification service' means any service or
                device designed to provide the user of the service or
                device with the telephone number of an incoming
                telephone call.
                    ``(B) Telephone call.--The term `telephone call'
                means any telephone call or other transmission which is
                made to or received at a telephone number of any type
of telephone service. Such term includes calls made by an automatic
telephone dialing system, an integrated services digital network, and a
commercial mobile radio source.''.
    (b) Delayed Effective Date.--
            (1) In general.--The regulations prescribed by the Federal
        Communications Commission under subsection (e) of section 227
        of the Communications Act of 1934, as added by subsection (a),
        shall take effect on the date that is two years after the date
        of the enactment of this Act.
            (2) Additional delay for good cause shown.--The Commission
        may grant a wavier from compliance with the regulations
        referred to in paragraph (1) for a period of not more than 24
        months upon application (made at such time, in such form, and
        containing such information as the Commission may require), and
        after notice to the public and an opportunity for comment, to
        any person who demonstrates to the satisfaction of the
        Commission that--
                    (A) it will comply with the regulations before the
                expiration of the period of time for which the waiver
                is requested;
                    (B) without the requested waiver, timely compliance
                with the regulations would be technically infeasible
                because of technical problems associated with the
                telecommunications equipment used by the applicant; and
                    (C) replacement or upgrading of the
                telecommunications equipment used by the applicant in
                order to comply with the regulations in a timely manner
                without the waiver--
                            (i) would impose an unduly onerous
                        financial burden on the applicant;
                            (ii) is not feasible because the equipment,
                        software, or technical assistance necessary for
                        the replacement or upgrade is not available; or
                            (iii) cannot be completed before the
                        effective date of the regulations.

SEC. 3. EFFECT ON STATE LAW AND STATE ACTIONS.

    (a) Effect on State Law.--Subsection (f)(1) of section 227 of the
Communications Act of 1934 (47 U.S.C. 227), as redesignated by section
2 of this Act, is further amended--
            (1) in subparagraph (C), by striking ``or'' at the end;
            (2) in subparagraph (D), by striking the period and
        inserting ``; or''; and
            (3) by adding at the end the following new subparagraph:
                    ``(E) interfering with or circumventing caller
                identification services.''.
    (b) Actions by States.--The first sentence of subsection (g)(1) of
such section 227, as so redesignated, is further amended by inserting
after ``this section,'' the following: ``or has engaged or is engaging
in a pattern or practice of interfering with or circumventing caller
identification services of residents of that State in violation of
subsection (e) or the regulations prescribed under such subsection,''.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Telework Tax Incentive Act''.

SEC. 2. FINDINGS.

    The Congress finds as follows:
            (1) Federal, State, and local governments spend billions of
        dollars annually on the Nation's transportation needs.
            (2) Congestion on the Nation's roads costs over
        $74,000,000,000 annually in lost work time, fuel consumption,
        and costs of infrastructure and equipment repair.
            (3) On average on-road-vehicles contribute 30 percent of
        nitrogen oxides emissions.
            (4) It is estimated that staying at home to work requires 3
        times less energy consumption than commuting to work.
            (5) It was recently reported that if an identified 10 to 20
        percent of commuters switched to teleworking, 1,800,000 tons of
        regulated pollutants would be eliminated, 3,500,000,000 gallons
        of gas would be saved, 3,100,000,000 hours of personal time
        would be freed up, and maintenance and infrastructure costs
        would decrease by $500,000,000 annually because of reduced
        congestion and reduced vehicle miles traveled.
            (6) The average American daily commute is 62 minutes for a
        44-mile round-trip (a total of 6 days per year and 5,808 miles
        per year).
            (7) The increase in work from 1969 to 1996, the increase in
        hours mothers spend in paid work, combined with a shift toward
        single-parent families resulted in families on average
        experiencing a decrease of 22 hours a week (14 percent) in
        parental time available outside of paid work they could spend
        with their children.
            (8) Companies with teleworking programs have found that
        teleworking can boost employee productivity 5 percent to 20
        percent.
            (9) Today 60 percent of the workforce is involved in
        information work (an increase of 43 percent since 1990)
        allowing and encouraging decentralization of paid work to
        occur.
            (10) In recent years, studies performed in the United
        States have shown a marked expansion of teleworking, with an
        estimate of 19,000,000 Americans teleworking by the year 2002,
        5 times the amount in 1990.

SEC. 3. CREDIT FOR TELEWORKING.

    (a) In General.--Subpart B of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to foreign tax credit,
etc.) is amended by adding at the end the following new section:

``SEC. 30B. TELEWORKING CREDIT.

    ``(a) Allowance of Credit.--In the case of an eligible taxpayer,
there shall be allowed as a credit against the tax imposed by this
chapter for the taxable year an amount equal to the qualified
teleworking expenses paid or incurred by the taxpayer during such year.
    ``(b) Maximum Credit.--
            ``(1) Per teleworker limitation.--The credit allowed by
        subsection (a) for a taxable year with respect to qualified
        teleworking expenses paid or incurred by or on behalf of an
        individual teleworker shall not exceed $500.
            ``(2) Reduction for teleworking less than full year.--In
        the case of an individual who is in a teleworking arrangement
        for less than a full taxable year, the amount referred to
        paragraph (1) shall be reduced by an amount which bears the
        same ratio to $500 as the number of months in which such
        individual is not in a teleworking arrangement bears to 12. For
        purposes of the preceding sentence, an individual shall be
        treated as being in a teleworking arrangement for a month if
        the individual is subject to such arrangement for any day of
        such month.
    ``(c) Definitions.--For purposes of this section--
            ``(1) Eligible taxpayer.--The term `eligible taxpayer'
        means--
                    ``(A) in the case of an individual, an individual
                who performs services for an employer under a
                teleworking arrangement, and
                    ``(B) in the case of an employer, an employer for
                whom employees perform services under a teleworking
                arrangement.
            ``(2) Teleworking arrangement.--The term `teleworking
        arrangement' means an arrangement under which an employee
        teleworks for an employer not less than 75 days per year.
            ``(3) Qualified teleworking expenses.--The term `qualified
        teleworking expenses' means expenses paid or incurred under a
        teleworking arrangement for furnishings and electronic
        information equipment which are used to enable an individual to
        telework.
            ``(4) Telework.--The term `telework' means to perform work
        functions, using electronic information and communication
        technologies, thereby reducing or eliminating the physical
        commute to and from the traditional worksite.
    ``(d) Limitation Based on Amount of Tax.--
            ``(1) Liability for tax.--The credit allowable under
        subsection (a) for any taxable year shall not exceed the excess
        (if any) of--
                    ``(A) the regular tax for the taxable year, reduced
                by the sum of the credits allowable under subpart A and
                the preceding sections of this subpart, over
                    ``(B) the tentative minimum tax for the taxable
                year.
            ``(2) Carryforward of unused credit.--If the amount of the
        credit allowable under subsection (a) for any taxable year
        exceeds the limitation under paragraph (1) for the taxable
        year, the excess shall be carried to the succeeding taxable
        year and added to the amount allowable as a credit under
        subsection (a) for such succeeding taxable year.
    ``(e) Special Rules.--
            ``(1) Basis reduction.--The basis of any property for which
        a credit is allowable under subsection (a) shall be reduced by
        the amount of such credit (determined without regard to
        subsection (d)).
            ``(2) Recapture.--The Secretary shall, by regulations,
        provide for recapturing the benefit of any credit allowable
        under subsection (a) with respect to any property which ceases
        to be property eligible for such credit.
            ``(3) Property used outside united states, etc., not
        qualified.--No credit shall be allowed under subsection (a)
        with respect to any property referred to in section 50(b) or
        with respect to the portion of the cost of any property taken
        into account under section 179.
            ``(4) Election to not take credit.--No credit shall be
        allowed under subsection (a) for any expense if the taxpayer
        elects to not have this section apply with respect to such
        expense.
            ``(5) Denial of double benefit.--No deduction or credit
        (other than under this section) shall be allowed under this
        chapter with respect to any expense which is taken into account
        in determining the credit under this section.''.
    (b) Technical Amendment.--Subsection (a) of section 1016 of the
Internal Revenue Code of 1986 is amended by striking ``and'' at the end
of paragraph (26), by striking the period at the end of paragraph (27)
and inserting ``; and'', and by adding at the end the following new
paragraph:
            ``(28) to the extent provided in section 30B(e), in the
        case of amounts with respect to which a credit has been allowed
        under section 30B.''.
    (c) Clerical Amendment.--The table of sections for subpart B of
part IV of subchapter A of chapter 1 of the Internal Revenue Code of
1986 is amended by adding at the end the following new item:

                              ``Sec. 30B. Teleworking credit.''.
    (d) Effective Date.--The amendments made by this section shall
apply to amounts paid or incurred after the date of the enactment of
this Act, in taxable years ending after such date.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Territorial Economic Growth and
Recovery Act of 2016''.

SEC. 2. REPEAL OF LIMITATION ON COVER OVER OF DISTILLED SPIRITS TAXES.

    (a) In General.--Section 7652(f) of the Internal Revenue Code of
1986 is repealed.
    (b) Effective Date.--The amendment made by this section shall apply
to distilled spirits brought into the United States after December 31,
2015.

SEC. 3. PAYMENTS TO UNITED STATES TERRITORIES AND POSSESSIONS.

    (a) Earned Income Credit.--Section 32 of the Internal Revenue Code
of 1986 is amended by adding at the end the following:
    ``(n) Treatment of Possessions.--
            ``(1) Payments to possessions.--
                    ``(A) Mirror code possession.--The Secretary of the
                Treasury shall periodically (but not less frequently
                than annually) pay to each possession of the United
                States with a mirror code tax system amounts equal to
                the loss to that possession by reason of the
                application of this section (determined without regard
                to paragraph (2)) with respect to taxable years
                beginning after December 31, 2015. Such amounts shall
                be determined by the Secretary of the Treasury based on
                information provided by the government of the
                respective possession.
                    ``(B) Other possessions.--The Secretary of the
                Treasury shall periodically (but no less frequently
                than annually) pay to each possession of the United
                States which does not have a mirror code tax system
                amounts estimated by the Secretary of the Treasury as
                being equal to the aggregate benefits that would have
                been provided to residents of such possession by reason
                of the application of this section for taxable years
                beginning after December 31, 2015, if a mirror code tax
                system had been in effect in such possession. The
                preceding sentence shall not apply with respect to any
                possession of the United States unless such possession
                has a plan, which has been approved by the Secretary of
                the Treasury, under which such possession will promptly
                distribute such payments to the residents of such
                possession.
            ``(2) Coordination with credit allowed against united
        states income taxes.--No credit shall be allowed under this
        section for any taxable year to any person--
                    ``(A) to whom a credit is allowed against taxes
                imposed by the possession by reason of this section
                (determined without regard to this paragraph) for such
                taxable year, or
                    ``(B) who is eligible for a payment under a plan
                described in paragraph (1)(B) with respect to such
                taxable year.
            ``(3) Definitions and special rules.--
                    ``(A) Possession of the united states.--For
                purposes of this subsection, the term `possession of
                the United States' includes the Commonwealth of Puerto
                Rico and the Commonwealth of the Northern Mariana
                Islands.
                    ``(B) Mirror code tax system.--For purposes of this
                subsection, the term `mirror code tax system' means,
                with respect to any possession of the United States,
                the income tax system of such possession if the income
                tax liability of the residents of such possession under
                such system is determined by reference to the income
                tax laws of the United States as if such possession
                were the United States, and such system includes a tax
                credit substantially identical to the credit allowed
                under this section.
                    ``(C) Treatment of payments.--For purposes of
                section 1324(b)(2) of title 31, United States Code, or
                any similar rule of law, any payment made under this
                subsection shall be treated in the same manner as a
                refund due from the credit allowed under this
                section.''.
    (b) Child Tax Credit.--Section 24 of such Code is amended by adding
at the end the following:
    ``(h) Payments to Virgin Islands and Guam for Lost Revenue.--The
Secretary shall make annual payments to the Virgin Islands and to Guam
in amounts equal to the aggregate loss to the Virgin Islands or Guam,
as the case may be, by reason of the application of this section with
respect to taxable years beginning after 2015. Such amounts shall be
determined by the Secretary based on information provided by the Virgin
Islands and Guam. For purposes of section 1324(b)(2) of title 31,
United States Code, the payments under this subsection shall be treated
in the same manner as a refund due from the credit allowed under this
section.''.
    (c) Effective Date.--The amendments made by this section shall
apply with respect to taxable years beginning after December 31, 2015.

SEC. 4. STUDY AND REPORT REGARDING VIRGIN ISLANDS PUBLIC PENSION PLANS.

    Not later than 6 months after the date of the enactment of this
Act, the Joint Board for the Enrollment of Actuaries established under
section 3041 of the Employee Retirement Income Security Act of 1974 (29
U.S.C. 1241) shall report to the Office of Domestic Finance of the
Department of the Treasury on recommendations on actions that would be
necessary to ensure that the public pension plans of the Virgin Islands
can be sustainably maintained and funded by the government of the
Virgin Islands for the next 20 years.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Theodore Roosevelt Wildlife Legacy
Act of 1997''.

SEC. 2. MISSION AND PURPOSES OF THE SYSTEM.

    (a) Mission.--The overall mission of the National Wildlife Refuge
System (in this Act referred to as the ``System'') is to preserve a
network of lands and waters for the conservation and management of
fish, wildlife, and plants of the United States for the benefit of
present and future generations.
    (b) Purposes.--The purposes of the System are--
            (1) to conserve, manage, and where appropriate, restore
        fish and wildlife habitats so as to provide, in perpetuity, for
        the diversity of fish, wildlife, and plants and the ecological
        processes that sustain them;
            (2) to provide a diverse national network of lands and
        waters designed to conserve and manage, in perpetuity, fish,
        wildlife, and plants of the United States, and their habitats;
            (3) to conserve and manage migratory birds, endangered
        species, anadromous or interjurisdictional fish species, marine
        mammals, and other fish, wildlife, and plants; and
            (4) to fulfill international treaty obligations of the
        United States with respect to fish, wildlife, and plants, and
        their habitats.

SEC. 3. PRIORITY USES.

    The priority public uses of the System are wildlife observation and
photography, hunting, fishing, and environmental education and
interpretation.

SEC. 4. ADMINISTRATION OF THE SYSTEM.

    In administering the System, the Secretary of the Interior shall--
            (1) ensure that the mission and purposes of the System
        described in section 2 and the purposes of each refuge are
        carried out, except that if a conflict exists between the
        primary purpose of a National Wildlife Refuge and any purpose
        of the System, the conflict shall be resolved in a manner that
        first fulfills the primary purpose of the refuge, and, to the
        extent practicable, also achieves the purposes of the System;
            (2) ensure that opportunities for the uses described in
        section 3 receive priority attention in planning and management
        within the System, consistent with the mission and purposes of
        the System described in sections 2(a) and (b);
            (3) plan, propose, and direct expansion of the System--
                    (A) to accomplish the mission and purposes of the
                System and the purposes of each National Wildlife
                Refuge; and
                    (B) to contribute to the conservation of the
                ecosystems of the United States; and
            (4) inventory and monitor the status and trends of fish,
        wildlife, and plants in each National Wildlife Refuge.

SEC. 5. COMPATIBILITY STANDARDS AND PROCEDURES.

    (a) General Rule.--Except as provided in subsection (b), effective
beginning on the date that is 3 years after the date of enactment of
this Act, the Secretary shall not initiate or permit a new use of a
National Wildlife Refuge or expand, renew, or extend an existing
allowed use unless the Secretary determines that the use is compatible
with the primary purposes of the refuge and the mission and purposes of
the System specified in section 2 of this Act. Such determinations
shall--
            (1) be made in writing, be based on the best available
        scientific information, and represent the best professional
        judgment of the refuge officer involved;
            (2) be made after an opportunity has been provided for the
        public to review and comment on the evaluations;
            (3) where appropriate, be made concurrently with the
        development of a conservation plan for the refuge under section
        6; and
            (4) be reevaluated when conditions under which the use is
        permitted change significantly or when there is significant new
        information regarding the effects of the use, but not less
        frequently than every 10 years.
    (b) Prior Identification for New Acquisitions.--On lands added to
the System after the date of enactment of this Act, the Secretary shall
identify, prior to acquisition, existing compatible priority public
uses (as described in section 3) that shall be permitted to continue on
an interim basis pending completion of comprehensive planning.

SEC. 6. REFUGE CONSERVATION PLANNING PROGRAM.

    (a) General Rule.--Except with respect to National Wildlife Refuge
lands in Alaska (which shall be governed by the refuge planning
provision of the Alaska National Interest Lands Conservation Act (16
U.S.C. 3101 et seq.)), the Secretary shall--
            (1) propose a comprehensive conservation plan for each
        refuge or ecologically related complex of refuges consistent
        with section 2 of this Act within 15 years after the date of
        enactment of this Act and revise such plans not less frequently
        than every 15 years thereafter;
            (2) develop and implement a process to ensure an
        opportunity for active public involvement in the preparation
        and revision of conservation plans; and
            (3) manage each refuge in a manner consistent with the
        conservation plan for the refuge.
    (b) New Refuges.--With respect to any refuge established after the
date of enactment of this Act, the Secretary shall prepare a
conservation plan for the refuge not later than 2 years after the
Secretary has determined that sufficient land has been acquired to
warrant comprehensive planning.


SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tobacco Program Administrative
Reform Act of 1998''.

SEC. 2. ASSESSMENT UPON TOBACCO PRODUCT MANUFACTURERS AND IMPORTERS TO
              COVER DEPARTMENT OF AGRICULTURE COSTS ASSOCIATED WITH
              TOBACCO PROGRAMS.

    (a) Covered Department Costs.--Not later than September 30 of each
fiscal year, the Secretary of Agriculture shall estimate the costs to
be incurred by the Department of Agriculture during the next fiscal
year--
            (1) to administer the tobacco quota program under subtitle
        B of title III of the Agricultural Adjustment Act of 1938 (7
        U.S.C. 1311 et seq.);
            (2) to administer the tobacco price support program under
        sections 106, 106A, and 106B of the Agricultural Act of 1949 (7
        U.S.C. 1445, 1445-1, 1445-2);
            (3) to carrying out crop insurance programs for tobacco,
        including the costs to be incurred by the Federal Crop
        Insurance Corporation under section 508(e) of the Federal Crop
        Insurance Act (7 U.S.C. 1508(e)) to pay the premium for
        catastrophic risk protection for tobacco crops and the Federal
        portion of the premium for various additional coverages
        available for tobacco crops; and
            (4) to extension services related to tobacco production and
        marketing.
    (b) Adjustment of Estimate.--If the estimate prepared for a fiscal
year under subsection (a) proves to be insufficient to cover the actual
costs described in such subsection that were incurred by the Department
during that fiscal year, the Secretary shall adjust the estimate for
the next fiscal year to recoup the additional costs incurred by
Department and paid out of Department funds.
    (c) Market Share and Assessment Determinations.--As soon as
possible after preparing the estimate for a fiscal year under
subsection (a), the Secretary shall determine the market share of each
tobacco product manufacturer and each tobacco product importer during
the most recent calendar year and the amount of the assessment payable
by the tobacco product manufacturer or tobacco product importer for
that fiscal year.
    (d) Individual Amount of Assessments.--The amount of an assessment
payable by each tobacco product manufacturer and tobacco product
importer under this section for a fiscal year shall be equal to the
product obtained by multiplying--
            (1) the total amount of costs estimated by the Secretary
        under subsection (a), as adjusted under subsection (b), for
        that fiscal year; by
            (2) the market share of the tobacco product manufacturer or
        tobacco product importer during the most recent calendar year
        determined under subsection (d).
    (e) Collection, Deposit, and Availability of Assessments.--
            (1) Collection.--At such time each fiscal year and in such
        manner as the Secretary may prescribe, each tobacco product
        manufacturer and tobacco product importer shall remit to the
        Secretary a nonrefundable assessment in the amount determined
        for that tobacco product manufacturer or tobacco product
        importer for that year under subsection (d). The Secretary may
        enforce the collection of assessments under this paragraph in
        the courts of the United States.
            (2) Tobacco assessment fund.--There is established in the
        Treasury of the United States a fund to be known as the
        ``Tobacco Assessment Fund'', which shall consist of all
        assessments collected under paragraph (1).
            (3) Authorized uses of fund.--Amounts in the Tobacco
        Assessment Fund shall be available to the Secretary, without
        further appropriation, to cover the Department costs described
        in subsection (a).
            (4) Refunds.--If the Secretary determines that amounts
        collected under paragraph (1) for a fiscal year and deposited
        in the Tobacco Assessment Fund exceed the amounts required to
        cover anticipated Department costs under subsection (a) for
        that fiscal year, plus a reasonable reserve, the Secretary
        shall refund the excess amounts to tobacco product
        manufacturers and tobacco product importers using the same
        proportion for each tobacco product manufacturer and tobacco
        product importer as used in the original assessment.
    (f) Effect on Crop Insurance Premiums; Existing Assessments.--(1)
Amounts made available to the Secretary under this section may not be
used to change the crop insurance premiums assessed to tobacco
producers under the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.)
relative to other crops.
    (2) Nothing in this section shall be construed to alter the
assessments imposed and collected--
            (A) for deficit reduction purposes under section 106(g) of
        the Agricultural Act of 1949 (7 U.S.C. 1445(g)); or
            (B) to finance operations of No Net Cost Tobacco Funds
        under section 106A of such Act (7 U.S.C. 1445-1) and No Net
        Cost Tobacco Accounts under section 106B of such Act (7 U.S.C.
        1445-2).
    (g) Definitions.--For purposes of this section:
            (1) Tobacco product importer.--The term ``tobacco product
        importer'' has the meaning given the term ``importer'' in
        section 5702 of the Internal Revenue Code of 1986 (26 U.S.C.
        5702).
            (2) Tobacco product manufacturer.--The term ``tobacco
        product manufacturer'' has the meaning given the term
        ``manufacturer of tobacco products'' in section 5702 of the
        Internal Revenue Code of 1986 (26 U.S.C. 5702); except that the
        term does not include a person that only manufactures cigars or
        pipe tobacco.
            (3) Market share.--The term ``market share'' means the
        ratio of--
                    (A) the tax liability of a tobacco product
                manufacturer or tobacco product importer for a calendar
                year under section 5703 of the Internal Revenue Code of
                1986 (26 U.S.C. 5703); to
                    (B) the tax liability of all tobacco product
                manufacturers and tobacco product importers for that
                calendar year under such section.
            (4) Secretary.--The term ``Secretary'' means the Secretary
        of Agriculture.
            (5) Department.--The term ``Department'' means the
        Department of Agriculture.