[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1 Enrolled Bill (ENR)]

        H.R.1

                     One Hundred Nineteenth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

           Begun and held at the City of Washington on Friday,
         the third day of January, two thousand and twenty-five


                                 An Act


 
 To provide for reconciliation pursuant to title II of H. Con. Res. 14.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. TABLE OF CONTENTS.
    The table of contents of this Act is as follows:
Sec. 1. Table of contents.

       TITLE I--COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY

                          Subtitle A--Nutrition

Sec. 10101. Re-evaluation of thrifty food plan.
Sec. 10102. Modifications to SNAP work requirements for able-bodied 
          adults.
Sec. 10103. Availability of standard utility allowances based on receipt 
          of energy assistance.
Sec. 10104. Restrictions on internet expenses.
Sec. 10105. Matching funds requirements.
Sec. 10106. Administrative cost sharing.
Sec. 10107. National education and obesity prevention grant program.
Sec. 10108. Alien SNAP eligibility.

                          Subtitle B--Forestry

Sec. 10201. Rescission of amounts for forestry.

                         Subtitle C--Commodities

Sec. 10301. Effective reference price; reference price.
Sec. 10302. Base acres.
Sec. 10303. Producer election.
Sec. 10304. Price loss coverage.
Sec. 10305. Agriculture risk coverage.
Sec. 10306. Equitable treatment of certain entities.
Sec. 10307. Payment limitations.
Sec. 10308. Adjusted gross income limitation.
Sec. 10309. Marketing loans.
Sec. 10310. Repayment of marketing loans.
Sec. 10311. Economic adjustment assistance for textile mills.
Sec. 10312. Sugar program updates.
Sec. 10313. Dairy policy updates.
Sec. 10314. Implementation.

                Subtitle D--Disaster Assistance Programs

Sec. 10401. Supplemental agricultural disaster assistance.

                       Subtitle E--Crop Insurance

Sec. 10501. Beginning farmer and rancher benefit.
Sec. 10502. Area-based crop insurance coverage and affordability.
Sec. 10503. Administrative and operating expense adjustments.
Sec. 10504. Premium support.
Sec. 10505. Program compliance and integrity.
Sec. 10506. Reviews, compliance, and integrity.
Sec. 10507. Poultry insurance pilot program.

           Subtitle F--Additional Investments in Rural America

Sec. 10601. Conservation.
Sec. 10602. Supplemental agricultural trade promotion program.
Sec. 10603. Nutrition.
Sec. 10604. Research.
Sec. 10605. Energy.
Sec. 10606. Horticulture.
Sec. 10607. Miscellaneous.

                  TITLE II--COMMITTEE ON ARMED SERVICES

Sec. 20001. Enhancement of Department of Defense resources for improving 
          the quality of life for military personnel.
Sec. 20002. Enhancement of Department of Defense resources for 
          shipbuilding.
Sec. 20003. Enhancement of Department of Defense resources for 
          integrated air and missile defense.
Sec. 20004. Enhancement of Department of Defense resources for munitions 
          and defense supply chain resiliency.
Sec. 20005. Enhancement of Department of Defense resources for scaling 
          low-cost weapons into production.
Sec. 20006. Enhancement of Department of Defense resources for improving 
          the efficiency and cybersecurity of the Department of Defense.
Sec. 20007. Enhancement of Department of Defense resources for air 
          superiority.
Sec. 20008. Enhancement of resources for nuclear forces.
Sec. 20009. Enhancement of Department of Defense resources to improve 
          capabilities of United States Indo-Pacific Command.
Sec. 20010. Enhancement of Department of Defense resources for improving 
          the readiness of the Department of Defense.
Sec. 20011. Improving Department of Defense border support and counter-
          drug missions.
Sec. 20012. Department of Defense oversight.
Sec. 20013. Military construction projects authorized.

       TITLE III--COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

Sec. 30001. Funding cap for the Bureau of Consumer Financial Protection.
Sec. 30002. Rescission of funds for Green and Resilient Retrofit Program 
          for Multifamily Housing.
Sec. 30003. Securities and Exchange Commission Reserve Fund.
Sec. 30004. Appropriations for Defense Production Act.

      TITLE IV--COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION

Sec. 40001. Coast Guard mission readiness.
Sec. 40002. Spectrum auctions.
Sec. 40003. Air traffic control improvements.
Sec. 40004. Space launch and reentry licensing and permitting user fees.
Sec. 40005. Mars missions, Artemis missions, and Moon to Mars program.
Sec. 40006. Corporate average fuel economy civil penalties.
Sec. 40007. Payments for lease of Metropolitan Washington Airports.
Sec. 40008. Rescission of certain amounts for the National Oceanic and 
          Atmospheric Administration.
Sec. 40009. Reduction in annual transfers to Travel Promotion Fund.
Sec. 40010. Treatment of unobligated funds for alternative fuel and low-
          emission aviation technology.
Sec. 40011. Rescission of amounts appropriated to Public Wireless Supply 
          Chain Innovation Fund.

           TITLE V--COMMITTEE ON ENERGY AND NATURAL RESOURCES

                     Subtitle A--Oil and Gas Leasing

Sec. 50101. Onshore oil and gas leasing.
Sec. 50102. Offshore oil and gas leasing.
Sec. 50103. Royalties on extracted methane.
Sec. 50104. Alaska oil and gas leasing.
Sec. 50105. National Petroleum Reserve-Alaska.

                           Subtitle B--Mining

Sec. 50201. Coal leasing.
Sec. 50202. Coal royalty.
Sec. 50203. Leases for known recoverable coal resources.
Sec. 50204. Authorization to mine Federal coal.

                            Subtitle C--Lands

Sec. 50301. Timber sales and long-term contracting for the Forest 
          Service and the Bureau of Land Management.
Sec. 50302. Renewable energy fees on Federal land.
Sec. 50303. Renewable energy revenue sharing.
Sec. 50304. Rescission of National Park Service and Bureau of Land 
          Management funds.
Sec. 50305. Celebrating America's 250th anniversary.

                           Subtitle D--Energy

Sec. 50401. Strategic Petroleum Reserve.
Sec. 50402. Repeals; rescissions.
Sec. 50403. Energy dominance financing.
Sec. 50404. Transformational artificial intelligence models.

                            Subtitle E--Water

Sec. 50501. Water conveyance and surface water storage enhancement.

           TITLE VI--COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS

Sec. 60001. Rescission of funding for clean heavy-duty vehicles.
Sec. 60002. Repeal of Greenhouse Gas Reduction Fund.
Sec. 60003. Rescission of funding for diesel emissions reductions.
Sec. 60004. Rescission of funding to address air pollution.
Sec. 60005. Rescission of funding to address air pollution at schools.
Sec. 60006. Rescission of funding for the low emissions electricity 
          program.
Sec. 60007. Rescission of funding for section 211(o) of the Clean Air 
          Act.
Sec. 60008. Rescission of funding for implementation of the American 
          Innovation and Manufacturing Act.
Sec. 60009. Rescission of funding for enforcement technology and public 
          information.
Sec. 60010. Rescission of funding for greenhouse gas corporate 
          reporting.
Sec. 60011. Rescission of funding for environmental product declaration 
          assistance.
Sec. 60012. Rescission of funding for methane emissions and waste 
          reduction incentive program for petroleum and natural gas 
          systems.
Sec. 60013. Rescission of funding for greenhouse gas air pollution plans 
          and implementation grants.
Sec. 60014. Rescission of funding for environmental protection agency 
          efficient, accurate, and timely reviews.
Sec. 60015. Rescission of funding for low-embodied carbon labeling for 
          construction materials.
Sec. 60016. Rescission of funding for environmental and climate justice 
          block grants.
Sec. 60017. Rescission of funding for ESA recovery plans.
Sec. 60018. Rescission of funding for environmental and climate data 
          collection.
Sec. 60019. Rescission of neighborhood access and equity grant program.
Sec. 60020. Rescission of funding for Federal building assistance.
Sec. 60021. Rescission of funding for low-carbon materials for Federal 
          buildings.
Sec. 60022. Rescission of funding for GSA emerging and sustainable 
          technologies.
Sec. 60023. Rescission of environmental review implementation funds.
Sec. 60024. Rescission of low-carbon transportation materials grants.
Sec. 60025. John F. Kennedy Center for the Performing Arts.
Sec. 60026. Project sponsor opt-in fees for environmental reviews.

                           TITLE VII--FINANCE

                             Subtitle A--Tax

Sec. 70001. References to the Internal Revenue Code of 1986, etc.

Chapter 1--Providing Permanent Tax Relief for Middle-class Families and 
                                 Workers

Sec. 70101. Extension and enhancement of reduced rates.
Sec. 70102. Extension and enhancement of increased standard deduction.
Sec. 70103. Termination of deduction for personal exemptions other than 
          temporary senior deduction.
Sec. 70104. Extension and enhancement of increased child tax credit.
Sec. 70105. Extension and enhancement of deduction for qualified 
          business income.
Sec. 70106. Extension and enhancement of increased estate and gift tax 
          exemption amounts.
Sec. 70107. Extension of increased alternative minimum tax exemption 
          amounts and modification of phaseout thresholds.
Sec. 70108. Extension and modification of limitation on deduction for 
          qualified residence interest.
Sec. 70109. Extension and modification of limitation on casualty loss 
          deduction.
Sec. 70110. Termination of miscellaneous itemized deductions other than 
          educator expenses.
Sec. 70111. Limitation on tax benefit of itemized deductions.
Sec. 70112. Extension and modification of qualified transportation 
          fringe benefits.
Sec. 70113. Extension and modification of limitation on deduction and 
          exclusion for moving expenses.
Sec. 70114. Extension and modification of limitation on wagering losses.
Sec. 70115. Extension and enhancement of increased limitation on 
          contributions to ABLE accounts.
Sec. 70116. Extension and enhancement of savers credit allowed for ABLE 
          contributions.
Sec. 70117. Extension of rollovers from qualified tuition programs to 
          ABLE accounts permitted.
Sec. 70118. Extension of treatment of certain individuals performing 
          services in the Sinai Peninsula and enhancement to include 
          additional areas.
Sec. 70119. Extension and modification of exclusion from gross income of 
          student loans discharged on account of death or disability.
Sec. 70120. Limitation on individual deductions for certain state and 
          local taxes, etc.

 Chapter 2--Delivering on Presidential Priorities to Provide New Middle-
                            class Tax Relief

Sec. 70201. No tax on tips.
Sec. 70202. No tax on overtime.
Sec. 70203. No tax on car loan interest.
Sec. 70204. Trump accounts and contribution pilot program.

 Chapter 3--Establishing Certainty and Competitiveness for American Job 
                                Creators

 subchapter a--permanent u.s. business tax reform and boosting domestic 
                               investment

Sec. 70301. Full expensing for certain business property.
Sec. 70302. Full expensing of domestic research and experimental 
          expenditures.
Sec. 70303. Modification of limitation on business interest.
Sec. 70304. Extension and enhancement of paid family and medical leave 
          credit.
Sec. 70305. Exceptions from limitations on deduction for business meals.
Sec. 70306. Increased dollar limitations for expensing of certain 
          depreciable business assets.
Sec. 70307. Special depreciation allowance for qualified production 
          property.
Sec. 70308. Enhancement of advanced manufacturing investment credit.
Sec. 70309. Spaceports are treated like airports under exempt facility 
          bond rules.

     subchapter b--permanent america-first international tax reforms

                       PART I--Foreign Tax Credit

Sec. 70311. Modifications related to foreign tax credit limitation.
Sec. 70312. Modifications to determination of deemed paid credit for 
          taxes properly attributable to tested income.
Sec. 70313. Sourcing certain income from the sale of inventory produced 
          in the United States.

 PART II--Foreign-derived Deduction Eligible Income and Net CFC Tested 
                                 Income

Sec. 70321. Modification of deduction for foreign-derived deduction 
          eligible income and net CFC tested income.
Sec. 70322. Determination of deduction eligible income.
Sec. 70323. Rules related to deemed intangible income.

                   PART III--Base Erosion Minimum Tax

Sec. 70331. Extension and modification of base erosion minimum tax 
          amount.

                  PART IV--Business Interest Limitation

Sec. 70341. Coordination of business interest limitation with interest 
          capitalization provisions.
Sec. 70342. Definition of adjusted taxable income for business interest 
          limitation.

                 PART V--Other International Tax Reforms

Sec. 70351. Permanent extension of look-thru rule for related controlled 
          foreign corporations.
Sec. 70352. Repeal of election for 1-month deferral in determination of 
          taxable year of specified foreign corporations.
Sec. 70353. Restoration of limitation on downward attribution of stock 
          ownership in applying constructive ownership rules.
Sec. 70354. Modifications to pro rata share rules.

   Chapter 4--Investing in American Families, Communities, and Small 
                               Businesses

      subchapter a--permanent investments in families and children

Sec. 70401. Enhancement of employer-provided child care credit.
Sec. 70402. Enhancement of adoption credit.
Sec. 70403. Recognizing Indian tribal governments for purposes of 
          determining whether a child has special needs for purposes of 
          the adoption credit.
Sec. 70404. Enhancement of the dependent care assistance program.
Sec. 70405. Enhancement of child and dependent care tax credit.

   subchapter b--permanent investments in students and reforms to tax-
                           exempt institutions

Sec. 70411. Tax credit for contributions of individuals to scholarship 
          granting organizations.
Sec. 70412. Exclusion for employer payments of student loans.
Sec. 70413. Additional expenses treated as qualified higher education 
          expenses for purposes of 529 accounts.
Sec. 70414. Certain postsecondary credentialing expenses treated as 
          qualified higher education expenses for purposes of 529 
          accounts.
Sec. 70415. Modification of excise tax on investment income of certain 
          private colleges and universities.
Sec. 70416. Expanding application of tax on excess compensation within 
          tax-exempt organizations.

      subchapter c--permanent investments in community development

Sec. 70421. Permanent renewal and enhancement of opportunity zones.
Sec. 70422. Permanent enhancement of low-income housing tax credit.
Sec. 70423. Permanent extension of new markets tax credit.
Sec. 70424. Permanent and expanded reinstatement of partial deduction 
          for charitable contributions of individuals who do not elect 
          to itemize.
Sec. 70425. 0.5 percent floor on deduction of contributions made by 
          individuals.
Sec. 70426. 1-percent floor on deduction of charitable contributions 
          made by corporations.
Sec. 70427. Permanent increase in limitation on cover over of tax on 
          distilled spirits.
Sec. 70428. Nonprofit community development activities in remote native 
          villages.
Sec. 70429. Adjustment of charitable deduction for certain expenses 
          incurred in support of Native Alaskan subsistence whaling.
Sec. 70430. Exception to percentage of completion method of accounting 
          for certain residential construction contracts.

 subchapter d--permanent investments in small business and rural america

Sec. 70431. Expansion of qualified small business stock gain exclusion.
Sec. 70432. Repeal of revision to de minimis rules for third party 
          network transactions.
Sec. 70433. Increase in threshold for requiring information reporting 
          with respect to certain payees.
Sec. 70434. Treatment of certain qualified sound recording productions.
Sec. 70435. Exclusion of interest on loans secured by rural or 
          agricultural real property.
Sec. 70436. Reduction of transfer and manufacturing taxes for certain 
          devices.
Sec. 70437. Treatment of capital gains from the sale of certain farmland 
          property.
Sec. 70438. Extension of rules for treatment of certain disaster-related 
          personal casualty losses.
Sec. 70439. Restoration of taxable REIT subsidiary asset test.

   Chapter 5--Ending Green New Deal Spending, Promoting America-first 
                        Energy, and Other Reforms

          subchapter a--termination of green new deal subsidies

Sec. 70501. Termination of previously-owned clean vehicle credit.
Sec. 70502. Termination of clean vehicle credit.
Sec. 70503. Termination of qualified commercial clean vehicles credit.
Sec. 70504. Termination of alternative fuel vehicle refueling property 
          credit.
Sec. 70505. Termination of energy efficient home improvement credit.
Sec. 70506. Termination of residential clean energy credit.
Sec. 70507. Termination of energy efficient commercial buildings 
          deduction.
Sec. 70508. Termination of new energy efficient home credit.
Sec. 70509. Termination of cost recovery for energy property.
Sec. 70510. Modifications of zero-emission nuclear power production 
          credit.
Sec. 70511. Termination of clean hydrogen production credit.
Sec. 70512. Termination and restrictions on clean electricity production 
          credit.
Sec. 70513. Termination and restrictions on clean electricity investment 
          credit.
Sec. 70514. Phase-out and restrictions on advanced manufacturing 
          production credit.
Sec. 70515. Restriction on the extension of advanced energy project 
          credit program.

        subchapter b--enhancement of america-first energy policy

Sec. 70521. Extension and modification of clean fuel production credit.
Sec. 70522. Restrictions on carbon oxide sequestration credit.
Sec. 70523. Intangible drilling and development costs taken into account 
          for purposes of computing adjusted financial statement income.
Sec. 70524. Income from hydrogen storage, carbon capture, advanced 
          nuclear, hydropower, and geothermal energy added to qualifying 
          income of certain publicly traded partnerships.
Sec. 70525. Allow for payments to certain individuals who dye fuel.

                       subchapter c--other reforms

Sec. 70531. Modifications to de minimis entry privilege for commercial 
          shipments.

  Chapter 6--Enhancing Deduction and Income Tax Credit Guardrails, and 
                              Other Reforms

Sec. 70601. Modification and extension of limitation on excess business 
          losses of noncorporate taxpayers.
Sec. 70602. Treatment of payments from partnerships to partners for 
          property or services.
Sec. 70603. Excessive employee remuneration from controlled group 
          members and allocation of deduction.
Sec. 70604. Excise tax on certain remittance transfers.
Sec. 70605. Enforcement provisions with respect to COVID-related 
          employee retention credits.
Sec. 70606. Social security number requirement for American Opportunity 
          and Lifetime Learning credits.
Sec. 70607. Task force on the replacement of Direct File.

                           Subtitle B--Health

                           Chapter 1--Medicaid

     subchapter a--reducing fraud and improving enrollment processes

Sec. 71101. Moratorium on implementation of rule relating to eligibility 
          and enrollment in Medicare Savings Programs.
Sec. 71102. Moratorium on implementation of rule relating to eligibility 
          and enrollment for Medicaid, CHIP, and the Basic Health 
          Program.
Sec. 71103. Reducing duplicate enrollment under the Medicaid and CHIP 
          programs.
Sec. 71104. Ensuring deceased individuals do not remain enrolled.
Sec. 71105. Ensuring deceased providers do not remain enrolled.
Sec. 71106. Payment reduction related to certain erroneous excess 
          payments under Medicaid.
Sec. 71107. Eligibility redeterminations.
Sec. 71108. Revising home equity limit for determining eligibility for 
          long-term care services under the Medicaid program.
Sec. 71109. Alien Medicaid eligibility.
Sec. 71110. Expansion FMAP for emergency Medicaid.

               subchapter b--preventing wasteful spending

Sec. 71111. Moratorium on implementation of rule relating to staffing 
          standards for long-term care facilities under the Medicare and 
          Medicaid programs.
Sec. 71112. Reducing State Medicaid costs.
Sec. 71113. Federal payments to prohibited entities.

           subchapter c--stopping abusive financing practices

Sec. 71114. Sunsetting increased FMAP incentive.
Sec. 71115. Provider taxes.
Sec. 71116. State directed payments.
Sec. 71117. Requirements regarding waiver of uniform tax requirement for 
          Medicaid provider tax.
Sec. 71118. Requiring budget neutrality for Medicaid demonstration 
          projects under section 1115.

            subchapter d--increasing personal accountability

Sec. 71119. Requirement for States to establish Medicaid community 
          engagement requirements for certain individuals.
Sec. 71120. Modifying cost sharing requirements for certain expansion 
          individuals under the Medicaid program.

                 subchapter e--expanding access to care

Sec. 71121. Making certain adjustments to coverage of home or community-
          based services under Medicaid.

                           Chapter 2--Medicare

          subchapter a--strengthening eligibility requirements

Sec. 71201. Limiting Medicare coverage of certain individuals.

              subchapter b--improving services for seniors

Sec. 71202. Temporary payment increase under the medicare physician fee 
          schedule to account for exceptional circumstances.
Sec. 71203. Expanding and clarifying the exclusion for orphan drugs 
          under the Drug Price Negotiation Program.

                          Chapter 3--Health Tax

              subchapter a--improving eligibility criteria

Sec. 71301. Permitting premium tax credit only for certain individuals.
Sec. 71302. Disallowing premium tax credit during periods of medicaid 
          ineligibility due to alien status.

            subchapter b--preventing waste, fraud, and abuse

Sec. 71303. Requiring verification of eligibility for premium tax 
          credit.
Sec. 71304. Disallowing premium tax credit in case of certain coverage 
          enrolled in during special enrollment period.
Sec. 71305. Eliminating limitation on recapture of advance payment of 
          premium tax credit.

               subchapter c--enhancing choice for patients

Sec. 71306. Permanent extension of safe harbor for absence of deductible 
          for telehealth services.
Sec. 71307. Allowance of bronze and catastrophic plans in connection 
          with health savings accounts.
Sec. 71308. Treatment of direct primary care service arrangements.

           Chapter 4--Protecting Rural Hospitals and Providers

Sec. 71401. Rural Health Transformation Program.

                   Subtitle C--Increase in Debt Limit

Sec. 72001. Modification of limitation on the public debt.

                        Subtitle D--Unemployment

Sec. 73001. Ending unemployment payments to jobless millionaires.

     TITLE VIII--COMMITTEE ON HEALTH, EDUCATION, LABOR, AND PENSIONS

                 Subtitle A--Exemption of Certain Assets

Sec. 80001. Exemption of certain assets.

                         Subtitle B--Loan Limits

Sec. 81001. Establishment of loan limits for graduate and professional 
          students and parent borrowers; termination of graduate and 
          professional PLUS loans.

                       Subtitle C--Loan Repayment

Sec. 82001. Loan repayment.
Sec. 82002. Deferment; forbearance.
Sec. 82003. Loan rehabilitation.
Sec. 82004. Public service loan forgiveness.
Sec. 82005. Student loan servicing.

                         Subtitle D--Pell Grants

Sec. 83001. Eligibility.
Sec. 83002. Workforce Pell Grants.
Sec. 83003. Pell shortfall.
Sec. 83004. Federal Pell Grant exclusion relating to other grant aid.

                       Subtitle E--Accountability

Sec. 84001. Ineligibility based on low earning outcomes.

                      Subtitle F--Regulatory Relief

Sec. 85001. Delay of rule relating to borrower defense to repayment.
Sec. 85002. Delay of rule relating to closed school discharges.

                      Subtitle G--Garden of Heroes

Sec. 86001. Garden of Heroes.

               Subtitle H--Office of Refugee Resettlement

Sec. 87001. Potential sponsor vetting for unaccompanied alien children 
          appropriation.

    TITLE IX--COMMITTEE ON HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS

                Subtitle A--Homeland Security Provisions

Sec. 90001. Border infrastructure and wall system.
Sec. 90002. U.S. Customs and Border Protection personnel, fleet 
          vehicles, and facilities.
Sec. 90003. Detention capacity.
Sec. 90004. Border security, technology, and screening.
Sec. 90005. State and local assistance.
Sec. 90006. Presidential residence protection.
Sec. 90007. Department of Homeland Security appropriations for border 
          support.

               Subtitle B--Governmental Affairs Provisions

Sec. 90101. FEHB improvements.
Sec. 90102. Pandemic Response Accountability Committee.
Sec. 90103. Appropriation for the Office of Management and Budget.

                   TITLE X--COMMITTEE ON THE JUDICIARY

           Subtitle A--Immigration and Law Enforcement Matters

                        PART I--Immigration Fees

Sec. 100001. Applicability of the immigration laws.
Sec. 100002. Asylum fee.
Sec. 100003. Employment authorization document fees.
Sec. 100004. Immigration parole fee.
Sec. 100005. Special immigrant juvenile fee.
Sec. 100006. Temporary protected status fee.
Sec. 100007. Visa integrity fee.
Sec. 100008. Form I-94 fee.
Sec. 100009. Annual asylum fee.
Sec. 100010. Fee relating to renewal and extension of employment 
          authorization for parolees.
Sec. 100011. Fee relating to renewal or extension of employment 
          authorization for asylum applicants.
Sec. 100012. Fee relating to renewal and extension of employment 
          authorization for aliens granted temporary protected status.
Sec. 100013. Fees relating to applications for adjustment of status.
Sec. 100014. Electronic System for Travel Authorization fee.
Sec. 100015. Electronic Visa Update System fee.
Sec. 100016. Fee for aliens ordered removed in absentia.
Sec. 100017. Inadmissible alien apprehension fee.
Sec. 100018. Amendment to authority to apply for asylum.

            PART II--Immigration and Law Enforcement Funding

Sec. 100051. Appropriation for the Department of Homeland Security.
Sec. 100052. Appropriation for U.S. Immigration and Customs Enforcement.
Sec. 100053. Appropriation for Federal Law Enforcement Training Centers.
Sec. 100054. Appropriation for the Department of Justice.
Sec. 100055. Bridging Immigration-related Deficits Experienced 
          Nationwide Reimbursement Fund.
Sec. 100056. Appropriation for the Bureau of Prisons.
Sec. 100057. Appropriation for the United States Secret Service.

                      Subtitle B--Judiciary Matters

Sec. 100101. Appropriation to the Administrative Office of the United 
          States Courts.
Sec. 100102. Appropriation to the Federal Judicial Center.

           Subtitle C--Radiation Exposure Compensation Matters

Sec. 100201. Extension of fund.
Sec. 100202. Claims relating to atmospheric testing.
Sec. 100203. Claims relating to uranium mining.
Sec. 100204. Claims relating to Manhattan Project waste.
Sec. 100205. Limitations on claims.

       TITLE I--COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY
                         Subtitle A--Nutrition

SEC. 10101. RE-EVALUATION OF THRIFTY FOOD PLAN.
    (a) In General.--Section 3 of the Food and Nutrition Act of 2008 (7 
U.S.C. 2012) is amended by striking subsection (u) and inserting the 
following:
    ``(u) Thrifty Food Plan.--
        ``(1) In general.--The term `thrifty food plan' means the diet 
    required to feed a family of 4 persons consisting of a man and a 
    woman ages 20 through 50, a child ages 6 through 8, and a child 
    ages 9 through 11 using the items and quantities of food described 
    in the report of the Department of Agriculture entitled `Thrifty 
    Food Plan, 2021', and each successor report updated pursuant to 
    this subsection, subject to the conditions that--
            ``(A) the relevant market baskets of the thrifty food plan 
        shall only be changed pursuant to paragraph (4);
            ``(B) the cost of the thrifty food plan shall be the basis 
        for uniform allotments for all households, regardless of the 
        actual composition of the household; and
            ``(C) the cost of the thrifty food plan may only be 
        adjusted in accordance with this subsection.
        ``(2) Household adjustments.--The Secretary shall make 
    household adjustments using the following ratios of household size 
    as a percentage of the maximum 4-person allotment:
            ``(A) For a 1-person household, 30 percent.
            ``(B) For a 2-person household, 55 percent.
            ``(C) For a 3-person household, 79 percent.
            ``(D) For a 4-person household, 100 percent.
            ``(E) For a 5-person household, 119 percent.
            ``(F) For a 6-person household, 143 percent.
            ``(G) For a 7-person household, 158 percent.
            ``(H) For an 8-person household, 180 percent.
            ``(I) For a household of 9 persons or more, an additional 
        22 percent per person, which additional percentage shall not 
        total more than 200 percent.
        ``(3) Allowable cost adjustments.--The Secretary shall--
            ``(A) make cost adjustments in the thrifty food plan for 
        Hawaii and the urban and rural parts of Alaska to reflect the 
        cost of food in Hawaii and urban and rural Alaska;
            ``(B) make cost adjustments in the separate thrifty food 
        plans for Guam and the Virgin Islands of the United States to 
        reflect the cost of food in those States, but not to exceed the 
        cost of food in the 50 States and the District of Columbia; and
            ``(C) on October 1, 2025, and on each October 1 thereafter, 
        adjust the cost of the thrifty food plan to reflect changes in 
        the Consumer Price Index for All Urban Consumers, published by 
        the Bureau of Labor Statistics of the Department of Labor, for 
        the most recent 12-month period ending in June.
        ``(4) Re-evaluation of market baskets.--
            ``(A) Re-evaluation.--Not earlier than October 1, 2027, the 
        Secretary may re-evaluate the market baskets of the thrifty 
        food plan based on current food prices, food composition data, 
        consumption patterns, and dietary guidance.
            ``(B) Cost neutrality.--The Secretary shall not increase 
        the cost of the thrifty food plan based on a re-evaluation 
        under this paragraph.''.
    (b) Conforming Amendments.--
        (1) Section 16(c)(1)(A)(ii)(II) of the Food and Nutrition Act 
    of 2008 (7 U.S.C. 2025(c)(1)(A)(ii)(II)) is amended by striking 
    ``section 3(u)(4)'' and inserting ``section 3(u)(3)''.
        (2) Section 19(a)(2)(A)(ii) of the Food and Nutrition Act of 
    2008 (7 U.S.C. 2028(a)(2)(A)(ii)) is amended by striking ``section 
    3(u)(4)'' and inserting ``section 3(u)(3)''.
        (3) Section 27(a)(2) of the Food and Nutrition Act of 2008 (7 
    U.S.C. 2036(a)(2))) is amended by striking ``section 3(u)(4)'' each 
    place it appears and inserting ``section 3(u)(3)''.
SEC. 10102. MODIFICATIONS TO SNAP WORK REQUIREMENTS FOR ABLE-BODIED 
ADULTS.
    (a) Exceptions.--Section 6(o) of the Food and Nutrition Act of 2008 
(7 U.S.C. 2015(o)) is amended by striking paragraph (3) and inserting 
the following:
        ``(3) Exceptions.--Paragraph (2) shall not apply to an 
    individual if the individual is--
            ``(A) under 18, or over 65, years of age;
            ``(B) medically certified as physically or mentally unfit 
        for employment;
            ``(C) a parent or other member of a household with 
        responsibility for a dependent child under 14 years of age;
            ``(D) otherwise exempt under subsection (d)(2);
            ``(E) a pregnant woman;
            ``(F) an Indian or an Urban Indian (as such terms are 
        defined in paragraphs (13) and (28) of section 4 of the Indian 
        Health Care Improvement Act); or
            ``(G) a California Indian described in section 809(a) of 
        the Indian Health Care Improvement Act.''.
    (b) Standardizing Enforcement.--Section 6(o)(4) of the Food and 
Nutrition Act of 2008 (7 U.S.C. 2015(o)(4)) is amended--
        (1) in subparagraph (A), by striking clause (ii) and inserting 
    the following:
                ``(ii) is in a noncontiguous State and has an 
            unemployment rate that is at or above 1.5 times the 
            national unemployment rate.''; and
        (2) by adding at the end the following:
            ``(C) Definition of noncontiguous state.--
                ``(i) In general.--In this paragraph, the term 
            `noncontiguous State' means a State that is not 1 of the 
            contiguous 48 States or the District of Columbia.
                ``(ii) Exclusions.--The term `noncontiguous State' does 
            not include Guam or the Virgin Islands of the United 
            States.''.
    (c) Waiver for Noncontiguous States.--Section 6(o) of the Food and 
Nutrition Act of 2008 (7 U.S.C. 2015(o)) is amended--
        (1) by redesignating paragraph (7) as paragraph (8); and
        (2) by inserting after paragraph (6) the following:
        ``(7) Exemption for noncontiguous states.--
            ``(A) Definition of noncontiguous state.--
                ``(i) In general.--In this paragraph, the term 
            `noncontiguous State' means a State that is not 1 of the 
            contiguous 48 States or the District of Columbia.
                ``(ii) Exclusions.--In this paragraph, the term 
            `noncontiguous State' does not include Guam or the Virgin 
            Islands of the United States.
            ``(B) Exemption.--Subject to subparagraph (D), the 
        Secretary may exempt individuals in a noncontiguous State from 
        compliance with the requirements of paragraph (2) if--
                ``(i) the State agency submits to the Secretary a 
            request for that exemption, made in such form and at such 
            time as the Secretary may require, and including the 
            information described in subparagraph (C); and
                ``(ii) the Secretary determines that based on that 
            request, the State agency is demonstrating a good faith 
            effort to comply with the requirements of paragraph (2).
            ``(C) Good faith effort determination.--In determining 
        whether a State agency is demonstrating a good faith effort for 
        purposes of subparagraph (B)(ii), the Secretary shall 
        consider--
                ``(i) any actions taken by the State agency toward 
            compliance with the requirements of paragraph (2);
                ``(ii) any significant barriers to or challenges in 
            meeting those requirements, including barriers or 
            challenges relating to funding, design, development, 
            procurement, or installation of necessary systems or 
            resources;
                ``(iii) the detailed plan and timeline of the State 
            agency for achieving full compliance with those 
            requirements, including any milestones (as defined by the 
            Secretary); and
                ``(iv) any other criteria determined appropriate by the 
            Secretary.
            ``(D) Duration of exemption.--
                ``(i) In general.--An exemption granted under 
            subparagraph (B) shall expire not later than December 31, 
            2028, and may not be renewed beyond that date.
                ``(ii) Early termination.--The Secretary may terminate 
            an exemption granted under subparagraph (B) prior to the 
            expiration date of that exemption if the Secretary 
            determines that the State agency--

                    ``(I) has failed to comply with the reporting 
                requirements described in subparagraph (E); or
                    ``(II) based on the information provided pursuant 
                to subparagraph (E), failed to make continued good 
                faith efforts toward compliance with the requirements 
                of this subsection.

            ``(E) Reporting requirements.--A State agency granted an 
        exemption under subparagraph (B) shall submit to the 
        Secretary--
                ``(i) quarterly progress reports on the status of the 
            State agency in achieving the milestones toward full 
            compliance described in subparagraph (C)(iii); and
                ``(ii) information on specific risks or newly 
            identified barriers or challenges to full compliance, 
            including the plan of the State agency to mitigate those 
            risks, barriers, or challenges.''.
SEC. 10103. AVAILABILITY OF STANDARD UTILITY ALLOWANCES BASED ON 
RECEIPT OF ENERGY ASSISTANCE.
    (a) Standard Utility Allowance.--Section 5(e)(6)(C)(iv)(I) of the 
Food and Nutrition Act of 2008 (7 U.S.C. 2014(e)(6)(C)(iv)(I)) is 
amended by inserting ``with an elderly or disabled member'' after 
``households''.
    (b) Third-party Energy Assistance Payments.--Section 5(k)(4) of the 
Food and Nutrition Act of 2008 (7 U.S.C. 2014(k)(4)) is amended--
        (1) in subparagraph (A), by inserting ``without an elderly or 
    disabled member'' before ``shall be''; and
        (2) in subparagraph (B), by inserting ``with an elderly or 
    disabled member'' before ``under a State law''.
SEC. 10104. RESTRICTIONS ON INTERNET EXPENSES.
    Section 5(e)(6) of the Food and Nutrition Act of 2008 (7 U.S.C. 
2014(e)(6)) is amended by adding at the end the following:
            ``(E) Restrictions on internet expenses.--Any service fee 
        associated with internet connection shall not be used in 
        computing the excess shelter expense deduction under this 
        paragraph.''.
SEC. 10105. MATCHING FUNDS REQUIREMENTS.
    (a) In General.--Section 4(a) of the Food and Nutrition Act of 2008 
(7 U.S.C. 2013(a)) is amended--
        (1) by striking ``(a) Subject to'' and inserting the following:
    ``(a) Program.--
        ``(1) Establishment.--Subject to''; and
        (2) by adding at the end the following:
        ``(2) State quality control incentive.--
            ``(A) Definition of payment error rate.--In this paragraph, 
        the term `payment error rate' has the meaning given the term in 
        section 16(c)(2).
            ``(B) State cost share.--
                ``(i) In general.--Subject to clause (iii), beginning 
            in fiscal year 2028, if the payment error rate of a State 
            as determined under clause (ii) is--

                    ``(I) less than 6 percent, the Federal share of the 
                cost of the allotment described in paragraph (1) for 
                that State in a fiscal year shall be 100 percent, and 
                the State share shall be 0 percent;
                    ``(II) equal to or greater than 6 percent but less 
                than 8 percent, the Federal share of the cost of the 
                allotment described in paragraph (1) for that State in 
                a fiscal year shall be 95 percent, and the State share 
                shall be 5 percent;
                    ``(III) equal to or greater than 8 percent but less 
                than 10 percent, the Federal share of the cost of the 
                allotment described in paragraph (1) for that State in 
                a fiscal year shall be 90 percent, and the State share 
                shall be 10 percent; and
                    ``(IV) equal to or greater than 10 percent, the 
                Federal share of the cost of the allotment described in 
                paragraph (1) for that State in a fiscal year shall be 
                85 percent, and the State share shall be 15 percent.

                ``(ii) Elections.--

                    ``(I) Fiscal year 2028.--For fiscal year 2028, to 
                calculate the applicable State share under clause (i), 
                a State may elect to use the payment error rate of the 
                State from fiscal year 2025 or 2026.
                    ``(II) Fiscal year 2029 and thereafter.--For fiscal 
                year 2029 and each fiscal year thereafter, to calculate 
                the applicable State share under clause (i), the 
                Secretary shall use the payment error rate of the State 
                for the third fiscal year preceding the fiscal year for 
                which the State share is being calculated.

                ``(iii) Delayed implementation.--

                    ``(I) Fiscal year 2025.--If, for fiscal year 2025, 
                the payment error rate of a State multiplied by 1.5 is 
                equal to or above 20 percent, the implementation date 
                under clause (i) for that State shall be fiscal year 
                2029.
                    ``(II) Fiscal year 2026.--If, for fiscal year 2026, 
                the payment error rate of a State multiplied by 1.5 is 
                equal to or above 20 percent, the implementation date 
                under clause (i) for that State shall be fiscal year 
                2030.

        ``(3) Maximum federal payment.--The Secretary may not pay 
    towards the cost of an allotment described in paragraph (1) an 
    amount that is greater than the applicable Federal share under 
    paragraph (2).''.
    (b) Limitation on Authority.--Section 13(a)(1) of the Food and 
Nutrition Act of 2008 (7 U.S.C. 2022(a)(1)) is amended in the first 
sentence by inserting ``or the payment or disposition of a State share 
under section 4(a)(2)'' after ``16(c)(1)(D)(i)(II)''.
SEC. 10106. ADMINISTRATIVE COST SHARING.
    Section 16(a) of the Food and Nutrition Act of 2008 (7 U.S.C. 
2025(a)) is amended in the matter preceding paragraph (1) by striking 
``agency an amount equal to 50 per centum'' and inserting ``agency, 
through fiscal year 2026, 50 percent, and for fiscal year 2027 and each 
fiscal year thereafter, 25 percent,''.
SEC. 10107. NATIONAL EDUCATION AND OBESITY PREVENTION GRANT PROGRAM.
    Section 28(d)(1)(F) of the Food and Nutrition Act of 2008 (7 U.S.C. 
2036a(d)(1)(F)) is amended by striking ``for fiscal year 2016 and each 
subsequent fiscal year'' and inserting ``for each of fiscal years 2016 
through 2025''.
SEC. 10108. ALIEN SNAP ELIGIBILITY.
    Section 6(f) of the Food and Nutrition Act of 2008 (7 U.S.C. 
2015(f)) is amended to read as follows:
    ``(f) No individual who is a member of a household otherwise 
eligible to participate in the supplemental nutrition assistance 
program under this section shall be eligible to participate in the 
supplemental nutrition assistance program as a member of that or any 
other household unless he or she is--
        ``(1) a resident of the United States; and
        ``(2) either--
            ``(A) a citizen or national of the United States;
            ``(B) an alien lawfully admitted for permanent residence as 
        an immigrant as defined by sections 101(a)(15) and 101(a)(20) 
        of the Immigration and Nationality Act, excluding, among 
        others, alien visitors, tourists, diplomats, and students who 
        enter the United States temporarily with no intention of 
        abandoning their residence in a foreign country;
            ``(C) an alien who has been granted the status of Cuban and 
        Haitian entrant, as defined in section 501(e) of the Refugee 
        Education Assistance Act of 1980 (Public Law 96-422); or
            ``(D) an individual who lawfully resides in the United 
        States in accordance with a Compact of Free Association 
        referred to in section 402(b)(2)(G) of the Personal 
        Responsibility and Work Opportunity Reconciliation Act of 1996.
    The income (less, at State option, a pro rata share) and financial 
    resources of the individual rendered ineligible to participate in 
    the supplemental nutrition assistance program under this subsection 
    shall be considered in determining the eligibility and the value of 
    the allotment of the household of which such individual is a 
    member.''.

                          Subtitle B--Forestry

SEC. 10201. RESCISSION OF AMOUNTS FOR FORESTRY.
    The unobligated balances of amounts appropriated by the following 
provisions of Public Law 117-169 are rescinded:
        (1) Paragraphs (3) and (4) of section 23001(a) (136 Stat. 
    2023).
        (2) Paragraphs (1) through (4) of section 23002(a) (136 Stat. 
    2025).
        (3) Section 23003(a)(2) (136 Stat. 2026).
        (4) Section 23005 (136 Stat. 2027).

                        Subtitle C--Commodities

SEC. 10301. EFFECTIVE REFERENCE PRICE; REFERENCE PRICE.
    (a) Effective Reference Price.--Section 1111(8)(B)(ii) of the 
Agricultural Act of 2014 (7 U.S.C. 9011(8)(B)(ii)) is amended by 
striking ``85'' and inserting ``beginning with the crop year 2025, 
88''.
    (b) Reference Price.--Section 1111 of the Agricultural Act of 2014 
(7 U.S.C. 9011) is amended by striking paragraph (19) and inserting the 
following:
        ``(19) Reference price.--
            ``(A) In general.--Effective beginning with the 2025 crop 
        year, subject to subparagraphs (B) and (C), the term `reference 
        price', with respect to a covered commodity for a crop year, 
        means the following:
                ``(i) For wheat, $6.35 per bushel.
                ``(ii) For corn, $4.10 per bushel.
                ``(iii) For grain sorghum, $4.40 per bushel.
                ``(iv) For barley, $5.45 per bushel.
                ``(v) For oats, $2.65 per bushel.
                ``(vi) For long grain rice, $16.90 per hundredweight.
                ``(vii) For medium grain rice, $16.90 per 
            hundredweight.
                ``(viii) For soybeans, $10.00 per bushel.
                ``(ix) For other oilseeds, $23.75 per hundredweight.
                ``(x) For peanuts, $630.00 per ton.
                ``(xi) For dry peas, $13.10 per hundredweight.
                ``(xii) For lentils, $23.75 per hundredweight.
                ``(xiii) For small chickpeas, $22.65 per hundredweight.
                ``(xiv) For large chickpeas, $25.65 per hundredweight.
                ``(xv) For seed cotton, $0.42 per pound.
            ``(B) Effectiveness.--Effective beginning with the 2031 
        crop year, the reference prices defined in subparagraph (A) 
        with respect to a covered commodity shall equal the reference 
        price in the previous crop year multiplied by 1.005.
            ``(C) Limitation.--In no case shall a reference price for a 
        covered commodity exceed 113 percent of the reference price for 
        such covered commodity listed in subparagraph (A).''.
SEC. 10302. BASE ACRES.
    Section 1112 of the Agricultural Act of 2014 (7 U.S.C. 9012) is 
amended--
        (1) in subsection (d)(3)(A), by striking ``2023'' and inserting 
    ``2031''; and
        (2) by adding at the end the following:
    ``(e) Additional Base Acres.--
        ``(1) In general.--As soon as practicable after the date of 
    enactment of this subsection, and notwithstanding subsection (a), 
    the Secretary shall provide notice to owners of eligible farms 
    pursuant to paragraph (3) and allocate to those eligible farms a 
    total of not more than an additional 30,000,000 base acres in the 
    manner provided in this subsection. An owner of a farm that is 
    eligible to receive an allocation of base acres may elect to not 
    receive that allocation by notifying the Secretary not later than 
    90 days after receipt of the notice provided by the Secretary under 
    this paragraph.
        ``(2) Content of notice.--The notice under paragraph (1) shall 
    include the following:
            ``(A) Information that the allocation is occurring.
            ``(B) Information regarding the eligibility of the farm for 
        an allocation of base acres under paragraph (3).
            ``(C) Information regarding how an owner may appeal a 
        determination of ineligibility for an allocation of base acres 
        under paragraph (3) through an appeals process established by 
        the Secretary.
        ``(3) Eligibility.--
            ``(A) In general.--Subject to subparagraph (D), effective 
        beginning with the 2026 crop year, a farm is eligible to 
        receive an allocation of base acres if, with respect to the 
        farm, the amount described in subparagraph (B) exceeds the 
        amount described in subparagraph (C).
            ``(B) 5-year average sum.--The amount described in this 
        subparagraph, with respect to a farm, is the sum of--
                ``(i) the 5-year average of--

                    ``(I) the acreage planted on the farm to all 
                covered commodities for harvest, grazing, haying, 
                silage or other similar purposes for the 2019 through 
                2023 crop years; and
                    ``(II) any acreage on the farm that the producers 
                were prevented from planting during the 2019 through 
                2023 crop years to covered commodities because of 
                drought, flood, or other natural disaster, or other 
                condition beyond the control of the producers, as 
                determined by the Secretary; plus

                ``(ii) the lesser of--

                    ``(I) 15 percent of the total acres on the farm; 
                and
                    ``(II) the 5-year average of--

                        ``(aa) the acreage planted on the farm to 
                    eligible noncovered commodities for harvest, 
                    grazing, haying, silage, or other similar purposes 
                    for the 2019 through 2023 crop years; and
                        ``(bb) any acreage on the farm that the 
                    producers were prevented from planting during the 
                    2019 through 2023 crop years to eligible noncovered 
                    commodities because of drought, flood, or other 
                    natural disaster, or other condition beyond the 
                    control of the producers, as determined by the 
                    Secretary.
            ``(C) Total number of base acres for covered commodities.--
        The amount described in this subparagraph, with respect to a 
        farm, is the total number of base acres for covered commodities 
        on the farm (excluding unassigned crop base), as in effect on 
        September 30, 2024.
            ``(D) Effect of no recent plantings of covered 
        commodities.--In the case of a farm for which the amount 
        determined under clause (i) of subparagraph (B) is equal to 
        zero, that farm shall be ineligible to receive an allocation of 
        base acres under this subsection.
            ``(E) Acreage planted on the farm to eligible noncovered 
        commodities defined.--In this paragraph, the term `acreage 
        planted on the farm to eligible noncovered commodities' means 
        acreage planted on a farm to commodities other than covered 
        commodities, trees, bushes, vines, grass, or pasture (including 
        cropland that was idle or fallow), as determined by the 
        Secretary.
        ``(4) Number of base acres.--Subject to paragraphs (3) and (8), 
    the number of base acres allocated to an eligible farm shall--
            ``(A) be equal to the difference obtained by subtracting 
        the amount determined under subparagraph (C) of paragraph (3) 
        from the amount determined under subparagraph (B) of that 
        paragraph; and
            ``(B) include unassigned crop base.
        ``(5) Allocation of acres.--
            ``(A) Allocation.--The Secretary shall allocate the number 
        of base acres under paragraph (4) among those covered 
        commodities planted on the farm at any time during the 2019 
        through 2023 crop years.
            ``(B) Allocation formula.--The allocation of additional 
        base acres for covered commodities shall be in proportion to 
        the ratio of--
                ``(i) the 5-year average of--

                    ``(I) the acreage planted on the farm to each 
                covered commodity for harvest, grazing, haying, silage, 
                or other similar purposes for the 2019 through 2023 
                crop years; and
                    ``(II) any acreage on the farm that the producers 
                were prevented from planting during the 2019 through 
                2023 crop years to that covered commodity because of 
                drought, flood, or other natural disaster, or other 
                condition beyond the control of the producers, as 
                determined by the Secretary; to

                ``(ii) the 5-year average determined under paragraph 
            (3)(B)(i).
            ``(C) Inclusion of all 5 years in average.--For the purpose 
        of determining a 5-year acreage average under subparagraph (B) 
        for a farm, the Secretary shall not exclude any crop year in 
        which a covered commodity was not planted.
            ``(D) Treatment of multiple planting or prevented 
        planting.--For the purpose of determining under subparagraph 
        (B) the acreage on a farm that producers planted or were 
        prevented from planting during the 2019 through 2023 crop years 
        to covered commodities, if the acreage that was planted or 
        prevented from being planted was devoted to another covered 
        commodity in the same crop year (other than a covered commodity 
        produced under an established practice of double cropping), the 
        owner may elect the covered commodity to be used for that crop 
        year in determining the 5-year average, but may not include 
        both the initial covered commodity and the subsequent covered 
        commodity.
            ``(E) Limitation.--The allocation of additional base acres 
        among covered commodities on a farm under this paragraph may 
        not result in a total number of base acres for the farm in 
        excess of the total number of acres on the farm.
        ``(6) Reduction by the secretary.--In carrying out this 
    subsection, if the total number of eligible acres allocated to base 
    acres across all farms in the United States under this subsection 
    would exceed 30,000,000 acres, the Secretary shall apply an across-
    the-board, pro-rata reduction to the number of eligible acres to 
    ensure the number of allocated base acres under this subsection is 
    equal to 30,000,000 acres.
        ``(7) Payment yield.--Beginning with crop year 2026, for the 
    purpose of making price loss coverage payments under section 1116, 
    the Secretary shall establish payment yields to base acres 
    allocated under this subsection equal to--
            ``(A) the payment yield established on the farm for the 
        applicable covered commodity; and
            ``(B) if no such payment yield for the applicable covered 
        commodity exists, a payment yield--
                ``(i) equal to the average payment yield for the 
            covered commodity for the county in which the farm is 
            situated; or
                ``(ii) determined pursuant to section 1113(c).
        ``(8) Treatment of new owners.--In the case of a farm for which 
    the owner on the date of enactment of this subsection was not the 
    owner for the 2019 through 2023 crop years, the Secretary shall use 
    the planting history of the prior owner or owners of that farm for 
    purposes of determining--
            ``(A) eligibility under paragraph (3);
            ``(B) eligible acres under paragraph (4); and
            ``(C) the allocation of acres under paragraph (5).''.
SEC. 10303. PRODUCER ELECTION.
    (a) In General.--Section 1115 of the Agricultural Act of 2014 (7 
U.S.C. 9015) is amended--
        (1) in subsection (a), in the matter preceding paragraph (1), 
    by striking ``2023'' and inserting ``2031'';
        (2) in subsection (c)--
            (A) in the matter preceding paragraph (1)--
                (i) by striking ``crop year or'' and inserting ``crop 
            year,''; and
                (ii) by inserting ``or the 2026 crop year,'' after 
            ``2019 crop year,'';
            (B) in paragraph (1)--
                (i) by striking ``crop year or'' and inserting ``crop 
            year,''; and
                (ii) by inserting ``or the 2026 crop year,'' after 
            ``2019 crop year,''; and
            (C) in paragraph (2)--
                (i) in subparagraph (A), by striking ``and'' at the 
            end;
                (ii) in subparagraph (B), by striking the period at the 
            end and inserting ``; and''; and
                (iii) by adding at the end the following:
            ``(C) the same coverage for each covered commodity on the 
        farm for the 2027 through 2031 crop years as was applicable for 
        the 2025 crop year.''; and
        (3) by adding at the end the following:
    ``(i) Higher of Price Loss Coverage Payments and Agriculture Risk 
Coverage Payments.--For the 2025 crop year, the Secretary shall, on a 
covered commodity-by-covered commodity basis, make the higher of price 
loss coverage payments under section 1116 and agriculture risk coverage 
county coverage payments under section 1117 to the producers on a farm 
for the payment acres for each covered commodity on the farm.''.
    (b) Federal Crop Insurance Supplemental Coverage Option.--Section 
508(c)(4)(C)(iv) of the Federal Crop Insurance Act (7 U.S.C. 
1508(c)(4)(C)(iv)) is amended by striking ``Crops for which the 
producer has elected under section 1116 of the Agricultural Act of 2014 
to receive agriculture risk coverage and acres'' and inserting 
``Acres''.
SEC. 10304. PRICE LOSS COVERAGE.
    Section 1116 of the Agricultural Act of 2014 (7 U.S.C. 9016) is 
amended--
        (1) in subsection (a)(2), in the matter preceding subparagraph 
    (A), by striking ``2023'' and inserting ``2031'';
        (2) in subsection (c)(1)(B)--
            (A) in the subparagraph heading, by striking ``2023'' and 
        inserting ``2031''; and
            (B) in the matter preceding clause (i), by striking 
        ``2023'' and inserting ``2031'';
        (3) in subsection (d), in the matter preceding paragraph (1), 
    by striking ``2025'' and inserting ``2031''; and
        (4) in subsection (g)--
            (A) by striking ``subparagraph (F) of section 1111(19)'' 
        and inserting ``paragraph (19)(A)(vi) of section 1111''; and
            (B) by striking ``2012 through 2016'' each place it appears 
        and inserting ``2017 through 2021''.
SEC. 10305. AGRICULTURE RISK COVERAGE.
    Section 1117 of the Agricultural Act of 2014 (7 U.S.C. 9017) is 
amended--
        (1) in subsection (a), in the matter preceding paragraph (1), 
    by striking ``2023'' and inserting ``2031'';
        (2) in subsection (c)--
            (A) in paragraph (1), by inserting ``for each of the 2014 
        through 2024 crop years and 90 percent of the benchmark revenue 
        for each of the 2025 through 2031 crop years'' before the 
        period at the end;
            (B) by striking ``2023'' each place it appears and 
        inserting ``2031''; and
            (C) in paragraph (4)(B), in the subparagraph heading, by 
        striking ``2023'' and inserting ``2031'';
        (3) in subsection (d)(1), by striking subparagraph (B) and 
    inserting the following:
            ``(B)(i) for each of the 2014 through 2024 crop years, 10 
        percent of the benchmark revenue for the crop year applicable 
        under subsection (c); and
            ``(ii) for each of the 2025 through 2031 crop years, 12 
        percent of the benchmark revenue for the crop year applicable 
        under subsection (c).''; and
        (4) in subsections (e), (g)(5), and (i)(5), by striking 
    ``2023'' each place it appears and inserting ``2031''.
SEC. 10306. EQUITABLE TREATMENT OF CERTAIN ENTITIES.
    (a) In General.--Section 1001 of the Food Security Act of 1985 (7 
U.S.C. 1308) is amended--
        (1) in subsection (a)--
            (A) by redesignating paragraph (5) as paragraph (6); and
            (B) by inserting after paragraph (4) the following:
        ``(5) Qualified pass-through entity.--The term `qualified pass-
    through entity' means--
            ``(A) a partnership (within the meaning of subchapter K of 
        chapter 1 of the Internal Revenue Code of 1986);
            ``(B) an S corporation (as defined in section 1361 of that 
        Code);
            ``(C) a limited liability company that does not 
        affirmatively elect to be treated as a corporation; and
            ``(D) a joint venture or general partnership.'';
        (2) in subsections (b) and (c), by striking ``except a joint 
    venture or general partnership'' each place it appears and 
    inserting ``except a qualified pass-through entity''; and
        (3) in subsection (d), by striking ``subtitle B of title I of 
    the Agricultural Act of 2014 or''.
    (b) Attribution of Payments.--Section 1001(e)(3)(B)(ii) of the Food 
Security Act of 1985 (7 U.S.C. 1308(e)(3)(B)(ii)) is amended--
        (1) in the clause heading, by striking ``joint ventures and 
    general partnerships'' and inserting ``qualified pass-through 
    entities'';
        (2) by striking ``a joint venture or a general partnership'' 
    and inserting ``a qualified pass-through entity'';
        (3) by striking ``joint ventures and general partnerships'' and 
    inserting ``qualified pass-through entities''; and
        (4) by striking ``the joint venture or general partnership'' 
    and inserting ``the qualified pass-through entity''.
    (c) Persons Actively Engaged in Farming.--Section 1001A(b)(2) of 
the Food Security Act of 1985 (7 U.S.C. 1308-1(b)(2)) is amended--
        (1) subparagraphs (A) and (B), by striking ``a general 
    partnership, a participant in a joint venture'' each place it 
    appears and inserting ``a qualified pass-through entity''; and
        (2) in subparagraph (C), by striking ``a general partnership, 
    joint venture, or similar entity'' and inserting ``a qualified 
    pass-through entity or a similar entity''.
    (d) Joint and Several Liability.--Section 1001B(d) of the Food 
Security Act of 1985 (7 U.S.C. 1308-2(d)) is amended by striking 
``partnerships and joint ventures'' and inserting ``qualified pass-
through entities''.
    (e) Exclusion From AGI Calculation.--Section 1001D(d) of the Food 
Security Act of 1985 (7 U.S.C. 1308-3a(d)) is amended by striking ``, 
general partnership, or joint venture'' each place it appears.
SEC. 10307. PAYMENT LIMITATIONS.
    Section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) is 
amended--
        (1) in subsection (b)--
            (A) by striking ``The'' and inserting ``Subject to 
        subsection (i), the''; and
            (B) by striking ``$125,000'' and inserting ``$155,000'';
        (2) in subsection (c)--
            (A) by striking ``The'' and inserting ``Subject to 
        subsection (i), the''; and
            (B) by striking ``$125,000'' and inserting ``$155,000''; 
        and
        (3) by adding at the end the following:
    ``(i) Adjustment.--For the 2025 crop year and each crop year 
thereafter, the Secretary shall annually adjust the amounts described 
in subsections (b) and (c) for inflation based on the Consumer Price 
Index for All Urban Consumers published by the Bureau of Labor 
Statistics of the Department of Labor.''.
SEC. 10308. ADJUSTED GROSS INCOME LIMITATION.
    Section 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308-
3a(b)) is amended--
        (1) in paragraph (1), by striking ``paragraph (3)'' and 
    inserting ``paragraphs (3) and (4)''; and
        (2) by adding at the end the following:
        ``(4) Exception for certain operations.--
            ``(A) Definitions.--In this paragraph:
                ``(i) Excepted payment or benefit.--The term `excepted 
            payment or benefit' means--

                    ``(I) a payment or benefit under subtitle E of 
                title I of the Agricultural Act of 2014 (7 U.S.C. 9081 
                et seq.);
                    ``(II) a payment or benefit under section 196 of 
                the Federal Agriculture Improvement and Reform Act of 
                1996 (7 U.S.C. 7333); and
                    ``(III) a payment or benefit described in paragraph 
                (2)(C) received on or after October 1, 2024.

                ``(ii) Farming, ranching, or silviculture activities.--
            The term `farming, ranching, or silviculture activities' 
            includes agri-tourism, direct-to-consumer marketing of 
            agricultural products, the sale of agricultural equipment 
            owned by the person or legal entity, and other agriculture-
            related activities, as determined by the Secretary.
            ``(B) Exception.--In the case of an excepted payment or 
        benefit, the limitation established by paragraph (1) shall not 
        apply to a person or legal entity during a crop, fiscal, or 
        program year, as appropriate, if greater than or equal to 75 
        percent of the average gross income of the person or legal 
        entity derives from farming, ranching, or silviculture 
        activities.''.
SEC. 10309. MARKETING LOANS.
    (a) Availability of Nonrecourse Marketing Assistance Loans for Loan 
Commodities.--Section 1201(b)(1) of the Agricultural Act of 2014 (7 
U.S.C. 9031(b)(1)) is amended by striking ``2023'' and inserting 
``2031''.
    (b) Loan Rates for Nonrecourse Marketing Assistance Loans.--Section 
1202 of the Agricultural Act of 2014 (7 U.S.C. 9032) is amended--
        (1) in subsection (b)--
            (A) in the subsection heading, by striking ``2023'' and 
        inserting ``2025''; and
            (B) in the matter preceding paragraph (1), by striking 
        ``2023'' and inserting ``2025'';
        (2) by redesignating subsections (c) and (d) as subsections (d) 
    and (e), respectively;
        (3) by inserting after subsection (b) the following:
    ``(c) 2026 Through 2031 Crop Years.--For purposes of each of the 
2026 through 2031 crop years, the loan rate for a marketing assistance 
loan under section 1201 for a loan commodity shall be equal to the 
following:
        ``(1) In the case of wheat, $3.72 per bushel.
        ``(2) In the case of corn, $2.42 per bushel.
        ``(3) In the case of grain sorghum, $2.42 per bushel.
        ``(4) In the case of barley, $2.75 per bushel.
        ``(5) In the case of oats, $2.20 per bushel.
        ``(6) In the case of upland cotton, $0.55 per pound.
        ``(7) In the case of extra long staple cotton, $1.00 per pound.
        ``(8) In the case of long grain rice, $7.70 per hundredweight.
        ``(9) In the case of medium grain rice, $7.70 per 
    hundredweight.
        ``(10) In the case of soybeans, $6.82 per bushel.
        ``(11) In the case of other oilseeds, $11.10 per hundredweight 
    for each of the following kinds of oilseeds:
            ``(A) Sunflower seed.
            ``(B) Rapeseed.
            ``(C) Canola.
            ``(D) Safflower.
            ``(E) Flaxseed.
            ``(F) Mustard seed.
            ``(G) Crambe.
            ``(H) Sesame seed.
            ``(I) Other oilseeds designated by the Secretary.
        ``(12) In the case of dry peas, $6.87 per hundredweight.
        ``(13) In the case of lentils, $14.30 per hundredweight.
        ``(14) In the case of small chickpeas, $11.00 per 
    hundredweight.
        ``(15) In the case of large chickpeas, $15.40 per 
    hundredweight.
        ``(16) In the case of graded wool, $1.60 per pound.
        ``(17) In the case of nongraded wool, $0.55 per pound.
        ``(18) In the case of mohair, $5.00 per pound.
        ``(19) In the case of honey, $1.50 per pound.
        ``(20) In the case of peanuts, $390 per ton.'';
        (4) in subsection (d) (as so redesignated), by striking 
    ``(a)(11) and (b)(11)'' and inserting ``(a)(11), (b)(11), and 
    (c)(11)''; and
        (5) in subsection (e) (as so redesignated), in paragraph (1), 
    by striking ``$0.25'' and inserting ``$0.30''.
    (c) Payment of Cotton Storage Costs.--Section 1204(g) of the 
Agricultural Act of 2014 (7 U.S.C. 9034(g)) is amended--
        (1) by striking ``Effective'' and inserting the following:
        ``(1) Crop years 2014 through 2025.--Effective'';
        (2) in paragraph (1) (as so designated), by striking ``2023'' 
    and inserting ``2025''; and
        (3) by adding at the end the following:
        ``(2) Payment of cotton storage costs.--Effective for each of 
    the 2026 through 2031 crop years, the Secretary shall make cotton 
    storage payments for upland cotton and extra long staple cotton 
    available in the same manner as the Secretary provided storage 
    payments for the 2006 crop of upland cotton, except that the 
    payment rate shall be equal to the lesser of--
            ``(A) the submitted storage charge for the current 
        marketing year; and
            ``(B) in the case of storage in--
                ``(i) California or Arizona, a payment rate of $4.90; 
            and
                ``(ii) any other State, a payment rate of $3.00.''.
    (d) Loan Deficiency Payments.--
        (1) Continuation.--Section 1205(a)(2)(B) of the Agricultural 
    Act of 2014 (7 U.S.C. 9035(a)(2)(B)) is amended by striking 
    ``2023'' and inserting ``2031''.
        (2) Payments in lieu of ldps.--Section 1206 of the Agricultural 
    Act of 2014 (7 U.S.C. 9036) is amended, in subsections (a) and (d), 
    by striking ``2023'' each place it appears and inserting ``2031''.
    (e) Special Competitive Provisions for Extra Long Staple Cotton.--
Section 1208(a) of the Agricultural Act of 2014 (7 U.S.C. 9038(a)) is 
amended, in the matter preceding paragraph (1), by striking ``2026'' 
and inserting ``2032''.
    (f) Availability of Recourse Loans.--Section 1209 of the 
Agricultural Act of 2014 (7 U.S.C. 9039) is amended, in subsections 
(a)(2), (b), and (c), by striking ``2023'' each place it appears and 
inserting ``2031''.
SEC. 10310. REPAYMENT OF MARKETING LOANS.
    Section 1204 of the Agricultural Act of 2014 (7 U.S.C. 9034) is 
amended--
        (1) in subsection (b)--
            (A) by redesignating paragraph (1) as subparagraph (A) and 
        indenting appropriately;
            (B) in the matter preceding subparagraph (A) (as so 
        redesignated), by striking ``The Secretary'' and inserting the 
        following:
        ``(1) In general.--The Secretary''; and
            (C) by striking paragraph (2) and inserting the following:
            ``(B)(i) in the case of long grain rice and medium grain 
        rice, the prevailing world market price for the commodity, as 
        determined and adjusted by the Secretary in accordance with 
        this section; or
            ``(ii) in the case of upland cotton, the prevailing world 
        market price for the commodity, as determined and adjusted by 
        the Secretary in accordance with this section.
        ``(2) Refund for upland cotton.--In the case of a repayment for 
    a marketing assistance loan for upland cotton at a rate described 
    in paragraph (1)(B)(ii), the Secretary shall provide to the 
    producer a refund (if any) in an amount equal to the difference 
    between the lowest prevailing world market price, as determined and 
    adjusted by the Secretary in accordance with this section, during 
    the 30-day period following the date on which the producer repays 
    the marketing assistance loan and the repayment rate.'';
        (2) in subsection (c)--
            (A) by striking the period at the end and inserting ``; 
        and'';
            (B) by striking ``at the loan rate'' and inserting the 
        following: "at a rate that is the lesser of-- ``
        ``(1) the loan rate''; and
            (C) by adding at the end the following:
        ``(2) the prevailing world market price for the commodity, as 
    determined and adjusted by the Secretary in accordance with this 
    section.'';
        (3) in subsection (d)--
            (A) in paragraph (1), by striking ``and medium grain rice'' 
        and inserting ``medium grain rice, and extra long staple 
        cotton'';
            (B) by redesignating paragraphs (1) and (2) as 
        subparagraphs (A) and (B), respectively, and indenting 
        appropriately;
            (C) in the matter preceding subparagraph (A) (as so 
        redesignated), by striking ``For purposes'' and inserting the 
        following:
        ``(1) In general.--For purposes''; and
            (D) by adding at the end the following:
        ``(2) Upland cotton.--In the case of upland cotton, for any 
    period when price quotations for Middling (M) 1\3/32\-inch cotton 
    are available, the formula under paragraph (1)(A) shall be based on 
    the average of the 3 lowest-priced growths that are quoted.''; and
        (4) in subsection (e)--
            (A) in the subsection heading, by inserting ``Extra Long 
        Staple Cotton,'' after ``Upland Cotton,'';
            (B) in paragraph (2)--
                (i) in the paragraph heading, by inserting ``Upland'' 
            before ``Cotton''; and
                (ii) in subparagraph (B), in the matter preceding 
            clause (i), by striking ``2024'' and inserting ``2032'';
            (C) by redesignating paragraph (3) as paragraph (4); and
            (D) by inserting after paragraph (2) the following:
        ``(3) Extra long staple cotton.--The prevailing world market 
    price for extra long staple cotton determined under subsection 
    (d)--
            ``(A) shall be adjusted to United States quality and 
        location, with the adjustment to include the average costs to 
        market the commodity, including average transportation costs, 
        as determined by the Secretary; and
            ``(B) may be further adjusted, during the period beginning 
        on the date of enactment of the Act entitled `An Act to provide 
        for reconciliation pursuant to title II of H. Con. Res. 14' 
        (119th Congress) and ending on July 31, 2032, if the Secretary 
        determines the adjustment is necessary--
                ``(i) to minimize potential loan forfeitures;
                ``(ii) to minimize the accumulation of stocks of extra 
            long staple cotton by the Federal Government;
                ``(iii) to ensure that extra long staple cotton 
            produced in the United States can be marketed freely and 
            competitively; and
                ``(iv) to ensure an appropriate transition between 
            current-crop and forward-crop price quotations, except that 
            the Secretary may use forward-crop price quotations prior 
            to July 31 of a marketing year only if--

                    ``(I) there are insufficient current-crop price 
                quotations; and
                    ``(II) the forward-crop price quotation is the 
                lowest such quotation available.''.

SEC. 10311. ECONOMIC ADJUSTMENT ASSISTANCE FOR TEXTILE MILLS.
    Section 1207(c) of the Agricultural Act of 2014 (7 U.S.C. 9037(c)) 
is amended by striking paragraph (2) and inserting the following:
        ``(2) Value of assistance.--The value of the assistance 
    provided under paragraph (1) shall be--
            ``(A) for the period beginning on August 1, 2013, and 
        ending on July 31, 2025, 3 cents per pound; and
            ``(B) beginning on August 1, 2025, 5 cents per pound.''.
SEC. 10312. SUGAR PROGRAM UPDATES.
    (a) Loan Rate Modifications.--Section 156 of the Federal 
Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is 
amended--
        (1) in subsection (a)--
            (A) in paragraph (4), by striking ``and'' at the end;
            (B) in paragraph (5), by striking ``2023 crop years.'' and 
        inserting ``2024 crop years; and''; and
            (C) by adding at the end the following:
        ``(6) 24.00 cents per pound for raw cane sugar for each of the 
    2025 through 2031 crop years.'';
        (2) in subsection (b)--
            (A) in paragraph (1), by striking ``and'' at the end;
            (B) in paragraph (2), by striking ``2023 crop years.'' and 
        inserting ``2024 crop years; and''; and
            (C) by adding at the end the following:
        ``(3) a rate that is equal to 136.55 percent of the loan rate 
    per pound of raw cane sugar under subsection (a)(6) for each of the 
    2025 through 2031 crop years.''; and
        (3) in subsection (i), by striking ``2023'' and inserting 
    ``2031''.
    (b) Adjustments to Commodity Credit Corporation Storage Rates.--
Section 167 of the Federal Agriculture Improvement and Reform Act of 
1996 (7 U.S.C. 7287) is amended--
        (1) by striking subsection (a) and inserting the following:
    ``(a) In General.--For the 2025 crop year and each subsequent crop 
year, the Commodity Credit Corporation shall establish rates for the 
storage of forfeited sugar in an amount that is not less than--
        ``(1) in the case of refined sugar, 34 cents per hundredweight 
    per month; and
        ``(2) in the case of raw cane sugar, 27 cents per hundredweight 
    per month.''; and
        (2) in subsection (b)--
            (A) in the subsection heading, by striking ``Subsequent'' 
        and inserting ``Prior''; and
            (B) by striking ``and subsequent'' and inserting ``through 
        2024''.
    (c) Modernizing Beet Sugar Allotments.--
        (1) Sugar estimates.--Section 359b(a)(1) of the Agricultural 
    Adjustment Act of 1938 (7 U.S.C. 1359bb(a)(1)) is amended by 
    striking ``2023'' and inserting ``2031''.
        (2) Allocation to processors.--Section 359c(g)(2) of the 
    Agricultural Adjustment Act of 1938 (7 U.S.C. 1359cc(g)(2)) is 
    amended--
            (A) by striking ``In the case'' and inserting the 
        following:
            ``(A) In general.--Except as provided in subparagraph (B), 
        in the case''; and
            (B) by adding at the end the following:
            ``(B) Exception.--If the Secretary makes an upward 
        adjustment under paragraph (1)(A), in adjusting allocations 
        among beet sugar processors, the Secretary shall give priority 
        to beet sugar processors with available sugar.''.
        (3) Timing of reassignment.--Section 359e(b)(2) of the 
    Agricultural Adjustment Act of 1938 (7 U.S.C. 1359ee(b)(2)) is 
    amended--
            (A) by redesignating subparagraphs (A) through (C) as 
        clauses (i) through (iii), respectively, and indenting 
        appropriately;
            (B) in the matter preceding clause (i) (as so 
        redesignated), by striking ``If the Secretary'' and inserting 
        the following:
            ``(A) In general.--If the Secretary''; and
            (C) by adding at the end the following:
            ``(B) Timing.--In carrying out subparagraph (A), the 
        Secretary shall--
                ``(i) make an initial determination based on the World 
            Agricultural Supply and Demand Estimates approved by the 
            World Agricultural Outlook Board for January that shall be 
            applicable to the crop year for which allotments are 
            required; and
                ``(ii) provide for an initial reassignment under 
            subparagraph (A)(i) not later than 30 days after the date 
            on which the World Agricultural Supply and Demand Estimates 
            described in clause (i) is released.''.
    (d) Reallocations of Tariff-rate Quota Shortfall.--Section 359k of 
the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359kk) is amended by 
adding at the end the following:
    ``(c) Reallocation.--
        ``(1) Initial reallocation.--Subject to paragraph (3), 
    following the establishment of the tariff-rate quotas under 
    subsection (a) for a quota year, the Secretary shall--
            ``(A) determine which countries do not intend to fulfill 
        their allocation for the quota year; and
            ``(B) reallocate any forecasted shortfall in the 
        fulfillment of the tariff-rate quotas as soon as practicable.
        ``(2) Subsequent reallocation.--Subject to paragraph (3), not 
    later than March 1 of a quota year, the Secretary shall reallocate 
    any additional forecasted shortfall in the fulfillment of the 
    tariff-rate quotas for raw cane sugar established under subsection 
    (a)(1) for that quota year.
        ``(3) Cessation of effectiveness.--Paragraphs (1) and (2) shall 
    cease to be in effect if--
            ``(A) the Agreement Suspending the Countervailing Duty 
        Investigation on Sugar from Mexico, signed December 19, 2014, 
        is terminated; and
            ``(B) no countervailing duty order under subtitle A of 
        title VII of the Tariff Act of 1930 (19 U.S.C. 1671 et seq.) is 
        in effect with respect to sugar from Mexico.
    ``(d) Refined Sugar.--
        ``(1) Definition of domestic sugar industry.--In this 
    subsection, the term `domestic sugar industry' means domestic--
            ``(A) sugar beet producers and processors;
            ``(B) producers and processors of sugar cane; and
            ``(C) refiners of raw cane sugar.
        ``(2) Study required.--
            ``(A) In general.--Not later than 180 days after the date 
        of enactment of this subsection, the Secretary shall conduct a 
        study on whether the establishment of additional terms and 
        conditions with respect to refined sugar imports is necessary 
        and appropriate.
            ``(B) Elements.--In conducting the study under subparagraph 
        (A), the Secretary shall examine the following:
                ``(i) The need for--

                    ``(I) defining `refined sugar' as having a minimum 
                polarization of 99.8 degrees or higher;
                    ``(II) establishing a standard for color- or 
                reflectance-based units for refined sugar such as those 
                utilized by the International Commission of Uniform 
                Methods of Sugar Analysis;
                    ``(III) prescribing specifications for packaging 
                type for refined sugar;
                    ``(IV) prescribing specifications for 
                transportation modes for refined sugar;
                    ``(V) requiring evidence that sugar imported as 
                refined sugar will not undergo further refining in the 
                United States;
                    ``(VI) prescribing appropriate terms and conditions 
                to avoid unlawful sugar imports; and
                    ``(VII) establishing other definitions, terms and 
                conditions, or other requirements.

                ``(ii) The potential impact of modifications described 
            in each of subclauses (I) through (VII) of clause (i) on 
            the domestic sugar industry.
                ``(iii) Whether, based on the needs described in clause 
            (i) and the impact described in clause (ii), the 
            establishment of additional terms and conditions is 
            appropriate.
            ``(C) Consultation.--In conducting the study under 
        subparagraph (A), the Secretary shall consult with 
        representatives of the domestic sugar industry and users of 
        refined sugar.
            ``(D) Report.--Not later than 1 year after the date of 
        enactment of this subsection, the Secretary shall submit to the 
        Committee on Agriculture of the House of Representatives and 
        the Committee on Agriculture, Nutrition, and Forestry of the 
        Senate a report that describes the findings of the study 
        conducted under subparagraph (A).
        ``(3) Establishment of additional terms and conditions 
    permitted.--
            ``(A) In general.--Based on the findings in the report 
        submitted under paragraph (2)(D), and after providing notice to 
        the Committee on Agriculture of the House of Representatives 
        and the Committee on Agriculture, Nutrition, and Forestry of 
        the Senate, the Secretary may issue regulations in accordance 
        with subparagraph (B) to establish additional terms and 
        conditions with respect to refined sugar imports that are 
        necessary and appropriate.
            ``(B) Promulgation of regulations.--The Secretary may issue 
        regulations under subparagraph (A) if the regulations--
                ``(i) do not have an adverse impact on the domestic 
            sugar industry; and
                ``(ii) are consistent with the requirements of this 
            part, section 156 of the Federal Agriculture Improvement 
            and Reform Act of 1996 (7 U.S.C. 7272), and obligations 
            under international trade agreements that have been 
            approved by Congress.''.
    (e) Clarification of Tariff-rate Quota Adjustments.--Section 
359k(b)(1) of the Agricultural Adjustment Act of 1938 (7 U.S.C. 
1359kk(b)(1)) is amended, in the matter preceding subparagraph (A), by 
striking ``if there is an'' and inserting ``for the sole purpose of 
responding directly to an''.
    (f) Period of Effectiveness.--Section 359l(a) of the Agricultural 
Adjustment Act of 1938 (7 U.S.C. 1359ll(a)) is amended by striking 
``2023'' and inserting ``2031''.
SEC. 10313. DAIRY POLICY UPDATES.
    (a) Dairy Margin Coverage Production History.--
        (1) Definition.--Section 1401(8) of the Agricultural Act of 
    2014 (7 U.S.C. 9051(8)) is amended by striking ``when the 
    participating dairy operation first registers to participate in 
    dairy margin coverage''.
        (2) Production history of participating dairy operations.--
    Section 1405 of the Agricultural Act of 2014 (7 U.S.C. 9055) is 
    amended by striking subsections (a) and (b) and inserting the 
    following:
    ``(a) Production History.--Except as provided in subsection (b), 
the production history of a dairy operation for dairy margin coverage 
is equal to the highest annual milk marketings of the participating 
dairy operation during any 1 of the 2021, 2022, or 2023 calendar years.
    ``(b) Election by New Dairy Operations.--In the case of a 
participating dairy operation that has been in operation for less than 
a year, the participating dairy operation shall elect 1 of the 
following methods for the Secretary to determine the production history 
of the participating dairy operation:
        ``(1) The volume of the actual milk marketings for the months 
    the participating dairy operation has been in operation 
    extrapolated to a yearly amount.
        ``(2) An estimate of the actual milk marketings of the 
    participating dairy operation based on the herd size of the 
    participating dairy operation relative to the national rolling herd 
    average data published by the Secretary.''.
    (b) Dairy Margin Coverage Payments.--Section 1406(a)(1)(C) of the 
Agricultural Act of 2014 (7 U.S.C. 9056(a)(1)(C)) is amended by 
striking ``5,000,000'' each place it appears and inserting 
``6,000,000''.
    (c) Premiums for Dairy Margins.--
        (1) Tier i.--Section 1407(b) of the Agricultural Act of 2014 (7 
    U.S.C. 9057(b)) is amended--
            (A) in the subsection heading, by striking ``5,000,000'' 
        and inserting ``6,000,000''; and
            (B) in paragraph (1), by striking ``5,000,000'' and 
        inserting ``6,000,000''.
        (2) Tier ii.--Section 1407(c) of the Agricultural Act of 2014 
    (7 U.S.C. 9057(c)) is amended--
            (A) in the subsection heading, by striking ``5,000,000'' 
        and inserting ``6,000,000''; and
            (B) in paragraph (1), by striking ``5,000,000'' and 
        inserting ``6,000,000''.
        (3) Premium discounts.--Section 1407(g) of the Agricultural Act 
    of 2014 (7 U.S.C. 9057(g)) is amended--
            (A) in paragraph (1)--
                (i) by striking ``2019 through 2023'' and inserting 
            ``2026 through 2031''; and
                (ii) by striking ``January 2019'' and inserting 
            ``January 2026''; and
            (B) in paragraph (2), by striking ``2023'' each place it 
        appears and inserting ``2031''.
    (d) Duration.--Section 1409 of the Agricultural Act of 2014 (7 
U.S.C. 9059) is amended by striking ``2025'' and inserting ``2031''.
SEC. 10314. IMPLEMENTATION.
    Section 1614(c) of the Agricultural Act of 2014 (7 U.S.C. 9097(c)) 
is amended by adding at the end the following:
        ``(5) Further funding.--The Secretary shall make available to 
    carry out subtitle C of title I of the Act entitled `An Act to 
    provide for reconciliation pursuant to title II of H. Con. Res. 14' 
    (119th Congress) and the amendments made by that subtitle 
    $50,000,000, to remain available until expended, of which--
            ``(A) not less than $5,000,000 shall be used to carry out 
        paragraphs (3) and (4) of subsection (b);
            ``(B) $3,000,000 shall be used for activities described in 
        paragraph (3)(A);
            ``(C) $3,000,000 shall be used for activities described in 
        paragraph (3)(B);
            ``(D) $9,000,000 shall be used--
                ``(i) to carry out mandatory surveys of dairy 
            production cost and product yield information to be 
            reported by manufacturers required to report under section 
            273 of the Agricultural Marketing Act of 1946 (7 U.S.C. 
            1637b), for all products processed in the same facility or 
            facilities; and
                ``(ii) to publish the results of such surveys 
            biennially; and
            ``(E) $1,000,000 shall be used to conduct the study under 
        subsection (d) of section 359k of the Agricultural Adjustment 
        Act of 1938 (7 U.S.C. 1359kk).''.

                Subtitle D--Disaster Assistance Programs

SEC. 10401. SUPPLEMENTAL AGRICULTURAL DISASTER ASSISTANCE.
    (a) Livestock Indemnity Payments.--Section 1501(b) of the 
Agricultural Act of 2014 (7 U.S.C. 9081(b)) is amended--
        (1) by striking paragraph (2) and inserting the following:
        ``(2) Payment rates.--
            ``(A) Losses due to predation.--Indemnity payments to an 
        eligible producer on a farm under paragraph (1)(A) shall be 
        made at a rate of 100 percent of the market value of the 
        affected livestock on the applicable date, as determined by the 
        Secretary.
            ``(B) Losses due to adverse weather or disease.--Indemnity 
        payments to an eligible producer on a farm under subparagraph 
        (B) or (C) of paragraph (1) shall be made at a rate of 75 
        percent of the market value of the affected livestock on the 
        applicable date, as determined by the Secretary.
            ``(C) Determination of market value.--In determining the 
        market value described in subparagraphs (A) and (B), the 
        Secretary may consider the ability of eligible producers to 
        document regional price premiums for affected livestock that 
        exceed the national average market price for those livestock.
            ``(D) Applicable date defined.--In this paragraph, the term 
        `applicable date' means, with respect to livestock, as 
        applicable--
                ``(i) the day before the date of death of the 
            livestock; or
                ``(ii) the day before the date of the event that caused 
            the harm to the livestock that resulted in a reduced sale 
            price.''; and
        (2) by adding at the end the following:
        ``(5) Additional payment for unborn livestock.--
            ``(A) In general.--In the case of unborn livestock death 
        losses incurred on or after January 1, 2024, the Secretary 
        shall make an additional payment to eligible producers on farms 
        that have incurred such losses in excess of the normal 
        mortality due to a condition specified in paragraph (1).
            ``(B) Payment rate.--Additional payments under subparagraph 
        (A) shall be made at a rate--
                ``(i) determined by the Secretary; and
                ``(ii) less than or equal to 85 percent of the payment 
            rate established with respect to the lowest weight class of 
            the livestock, as determined by the Secretary, acting 
            through the Administrator of the Farm Service Agency.
            ``(C) Payment amount.--The amount of a payment to an 
        eligible producer that has incurred unborn livestock death 
        losses shall be equal to the payment rate determined under 
        subparagraph (B) multiplied, in the case of livestock described 
        in--
                ``(i) subparagraph (A), (B), or (F) of subsection 
            (a)(4), by 1;
                ``(ii) subparagraph (D) of such subsection, by 2;
                ``(iii) subparagraph (E) of such subsection, by 12; and
                ``(iv) subparagraph (G) of such subsection, by the 
            average number of birthed animals (for one gestation cycle) 
            for the species of each such livestock, as determined by 
            the Secretary.
            ``(D) Unborn livestock death losses defined.--In this 
        paragraph, the term `unborn livestock death losses' means 
        losses of any livestock described in subparagraph (A), (B), 
        (D), (E), (F), or (G) of subsection (a)(4) that was gestating 
        on the date of the death of the livestock.''.
    (b) Livestock Forage Disaster Program.--Section 
1501(c)(3)(D)(ii)(I) of the Agricultural Act of 2014 (7 U.S.C. 
9081(c)(3)(D)(ii)(I)) is amended--
        (1) by striking ``1 monthly payment'' and inserting ``2 monthly 
    payments''; and
        (2) by striking ``county for at least 8 consecutive'' and 
    inserting the following: "county for not less than-- ``
                        ``(aa) 4 consecutive weeks during the normal 
                    grazing period for the county, as determined by the 
                    Secretary, shall be eligible to receive assistance 
                    under this paragraph in an amount equal to 1 
                    monthly payment using the monthly payment rate 
                    determined under subparagraph (B); or
                        ``(bb) 7 of the previous 8 consecutive''.
    (c) Emergency Assistance for Livestock, Honey Bees, and Farm-raised 
Fish.--
        (1) In general.--Section 1501(d) of the Agricultural Act of 
    2014 (7 U.S.C. 9081(d)) is amended by adding at the end the 
    following:
        ``(5) Assistance for losses due to bird depredation.--
            ``(A) Definition of farm-raised fish.--In this paragraph, 
        the term `farm-raised fish' means fish propagated and reared in 
        a controlled fresh water environment.
            ``(B) Payments.--Eligible producers of farm-raised fish, 
        including fish grown as food for human consumption, shall be 
        eligible to receive payments under this subsection to aid in 
        the reduction of losses due to piscivorous birds.
            ``(C) Payment rate.--
                ``(i) In general.--The payment rate for payments under 
            subparagraph (B) shall be determined by the Secretary, 
            taking into account--

                    ``(I) costs associated with the deterrence of 
                piscivorous birds;
                    ``(II) the value of lost fish and revenue due to 
                bird depredation; and
                    ``(III) costs associated with disease loss from 
                bird depredation.

                ``(ii) Minimum rate.--The payment rate for payments 
            under subparagraph (B) shall be not less than $600 per acre 
            of farm-raised fish.
            ``(D) Payment amount.--The amount of a payment under 
        subparagraph (B) shall be the product obtained by multiplying--
                ``(i) the applicable payment rate under subparagraph 
            (C); and
                ``(ii) 85 percent of the total number of acres of farm-
            raised fish farms that the eligible producer has in 
            production for the calendar year.''.
        (2) Emergency assistance for honeybees.--In determining 
    honeybee colony losses eligible for assistance under section 
    1501(d) of the Agricultural Act of 2014 (7 U.S.C. 9081(d)), the 
    Secretary shall utilize a normal mortality rate of 15 percent.
    (d) Tree Assistance Program.--Section 1501(e) of the Agricultural 
Act of 2014 (7 U.S.C. 9081(e)) is amended--
        (1) in paragraph (2)(B), by striking ``15 percent (adjusted for 
    normal mortality)'' and inserting ``normal mortality''; and
        (2) in paragraph (3)--
            (A) in subparagraph (A)(i), by striking ``15 percent 
        mortality (adjusted for normal mortality)'' and inserting 
        ``normal mortality''; and
            (B) in subparagraph (B)--
                (i) by striking ``50'' and inserting ``65''; and
                (ii) by striking ``15 percent damage or mortality 
            (adjusted for normal tree damage and mortality)'' and 
            inserting ``normal tree damage or mortality''.

                       Subtitle E--Crop Insurance

SEC. 10501. BEGINNING FARMER AND RANCHER BENEFIT.
    (a) Definitions.--
        (1) In general.--Section 502(b)(3) of the Federal Crop 
    Insurance Act (7 U.S.C. 1502(b)(3)) is amended by striking ``5'' 
    and inserting ``10''.
        (2) Conforming amendment.--Section 522(c)(7) of the Federal 
    Crop Insurance Act (7 U.S.C. 1522(c)(7)) is amended by striking 
    subparagraph (F).
    (b) Increase in Assistance.--Section 508(e) of the Federal Crop 
Insurance Act (7 U.S.C. 1508(e)) is amended by adding at the end the 
following:
        ``(9) Additional support.--
            ``(A) In general.--In addition to any other provision of 
        this subsection (except paragraph (2)(A)) regarding payment of 
        a portion of premiums, a beginning farmer or rancher shall 
        receive additional premium assistance that is the number of 
        percentage points specified in subparagraph (B) greater than 
        the premium assistance that would otherwise be available for 
        the applicable policy, plan of insurance, and coverage level 
        selected by the beginning farmer or rancher.
            ``(B) Percentage points adjustments.--The percentage points 
        referred to in subparagraph (A) are the following:
                ``(i) For each of the first and second reinsurance 
            years that a beginning farmer or rancher participates as a 
            beginning farmer or rancher in the applicable policy or 
            plan of insurance, 5 percentage points.
                ``(ii) For the third reinsurance year that a beginning 
            farmer or rancher participates as a beginning farmer or 
            rancher in the applicable policy or plan of insurance, 3 
            percentage points.
                ``(iii) For the fourth reinsurance year that a 
            beginning farmer or rancher participates as a beginning 
            farmer or rancher in the applicable policy or plan of 
            insurance, 1 percentage point.''.
SEC. 10502. AREA-BASED CROP INSURANCE COVERAGE AND AFFORDABILITY.
    (a) Coverage Level.--Section 508(c)(4) of the Federal Crop 
Insurance Act (7 U.S.C. 1508(c)(4)) is amended--
        (1) in subparagraph (A), by striking clause (ii) and inserting 
    the following:
                ``(ii) may be purchased at any level not to exceed--

                    ``(I) in the case of the individual yield or 
                revenue coverage, 85 percent;
                    ``(II) in the case of individual yield or revenue 
                coverage aggregated across multiple commodities, 90 
                percent; and
                    ``(III) in the case of area yield or revenue 
                coverage (as determined by the Corporation), 95 
                percent.''; and

        (2) in subparagraph (C)--
            (A) in clause (ii), by striking ``14'' and inserting 
        ``10''; and
            (B) in clause (iii)(I), by striking ``86'' and inserting 
        ``90''.
    (b) Premium Subsidy.--Section 508(e)(2)(H)(i) of the Federal Crop 
Insurance Act (7 U.S.C. 1508(e)(2)(H)(i)) is amended by striking ``65'' 
and inserting ``80''.
SEC. 10503. ADMINISTRATIVE AND OPERATING EXPENSE ADJUSTMENTS.
    Section 508(k) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)) 
is amended by adding at the end the following:
        ``(10) Additional expenses.--
            ``(A) In general.--Beginning with the 2026 reinsurance 
        year, and for each reinsurance year thereafter, in addition to 
        the terms and conditions of the Standard Reinsurance Agreement, 
        to cover additional expenses for loss adjustment procedures, 
        the Corporation shall pay an additional administrative and 
        operating expense subsidy to approved insurance providers for 
        eligible contracts.
            ``(B) Payment amount.--In the case of an eligible contract, 
        the payment to an approved insurance provider required under 
        subparagraph (A) shall be the amount equal to 6 percent of the 
        net book premium.
            ``(C) Definitions.--In this paragraph:
                ``(i) Eligible contract.--The term `eligible 
            contract'--

                    ``(I) means a crop insurance contract entered into 
                by an approved insurance provider in an eligible State; 
                and
                    ``(II) does not include a contract for--

                        ``(aa) catastrophic risk protection under 
                    subsection (b);
                        ``(bb) an area-based plan of insurance or 
                    similar plan of insurance, as determined by the 
                    Corporation; or
                        ``(cc) a policy under which an approved 
                    insurance provider does not incur loss adjustment 
                    expenses, as determined by the Corporation.
                ``(ii) Eligible state.--The term `eligible State' means 
            a State in which, with respect to an insurance year, the 
            loss ratio for eligible contracts is greater than 120 
            percent of the total net book premium written by all 
            approved insurance providers.
        ``(11) Specialty crops.--
            ``(A) Minimum reimbursement.--Beginning with the 2026 
        reinsurance year, and for each reinsurance year thereafter, the 
        rate of reimbursement to approved insurance providers and 
        agents for administrative and operating expenses with respect 
        to crop insurance contracts covering agricultural commodities 
        described in section 101 of the Specialty Crops Competitiveness 
        Act of 2004 (7 U.S.C. 1621 note; Public Law 108-465) shall be 
        equal to or greater than the percentage that is the greater of 
        the following:
                ``(i) 17 percent of the premium used to define loss 
            ratio.
                ``(ii) The percent of the premium used to define loss 
            ratio that is otherwise applicable for the reinsurance year 
            under the terms of the Standard Reinsurance Agreement in 
            effect for the reinsurance year.
            ``(B) Other contracts.--In carrying out subparagraph (A), 
        the Corporation shall not reduce, with respect to any 
        reinsurance year, the amount or the rate of reimbursement to 
        approved insurance providers and agents under the Standard 
        Reinsurance Agreement described in clause (ii) of such 
        subparagraph for administrative and operating expenses with 
        respect to contracts covering agricultural commodities that are 
        not subject to such subparagraph.
            ``(C) Administration.--The requirements of this paragraph 
        and the adjustments made pursuant to this paragraph shall not 
        be considered a renegotiation under paragraph (8)(A).
        ``(12) A&O inflation adjustment.--
            ``(A) In general.--Subject to subparagraph (B), beginning 
        with the 2026 reinsurance year, and for each reinsurance year 
        thereafter, the Corporation shall increase the total 
        administrative and operating expense reimbursements otherwise 
        required under the Standard Reinsurance Agreement in effect for 
        the reinsurance year in order to account for inflation, in a 
        manner consistent with the increases provided with respect to 
        the 2011 through 2015 reinsurance years under the enclosure 
        included in Risk Management Agency Bulletin numbered MGR-10-007 
        and dated June 30, 2010.
            ``(B) Special rule for 2026 reinsurance year.--The increase 
        under subparagraph (A) for the 2026 reinsurance year shall not 
        exceed the percentage change for the preceding reinsurance year 
        included in the Consumer Price Index for All Urban Consumers 
        published by the Bureau of Labor Statistics of the Department 
        of Labor.
            ``(C) Administration.--An increase under subparagraph (A)--
                ``(i) shall apply with respect to all contracts 
            covering agricultural commodities that were subject to an 
            increase during the period of the 2011 through 2015 
            reinsurance years under the enclosure referred to in that 
            subparagraph; and
                ``(ii) shall not be considered a renegotiation under 
            paragraph (8)(A).''.
SEC. 10504. PREMIUM SUPPORT.
    Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 
1508(e)(2)) is amended--
        (1) in subparagraph (C)(i), by striking ``64'' and inserting 
    ``69'';
        (2) in subparagraph (D)(i), by striking ``59'' and inserting 
    ``64'';
        (3) in subparagraph (E)(i), by striking ``55'' and inserting 
    ``60'';
        (4) in subparagraph (F)(i), by striking ``48'' and inserting 
    ``51''; and
        (5) in subparagraph (G)(i), by striking ``38'' and inserting 
    ``41''.
SEC. 10505. PROGRAM COMPLIANCE AND INTEGRITY.
    Section 515(l)(2) of the Federal Crop Insurance Act (7 U.S.C. 
1515(l)(2)) is amended by striking ``than'' and all that follows 
through the period at the end and inserting the following: ``than--
            ``(A) $4,000,000 for each of fiscal years 2009 through 
        2025; and
            ``(B) $6,000,000 for fiscal year 2026 and each subsequent 
        fiscal year.''.
SEC. 10506. REVIEWS, COMPLIANCE, AND INTEGRITY.
    Section 516(b)(2)(C)(i) of the Federal Crop Insurance Act (7 U.S.C. 
1516(b)(2)(C)(i)) is amended, in the matter preceding subclause (I), by 
striking ``for each fiscal year'' and inserting ``for each of fiscal 
years 2014 through 2025 and $10,000,000 for fiscal year 2026 and each 
fiscal year thereafter''.
SEC. 10507. POULTRY INSURANCE PILOT PROGRAM.
    Section 523 of the Federal Crop Insurance Act (7 U.S.C. 1523) is 
amended by adding at the end the following:
    ``(j) Poultry Insurance Pilot Program.--
        ``(1) In general.--Notwithstanding subsection (a)(2), the 
    Corporation shall establish a pilot program under which contract 
    poultry growers, including growers of broilers and laying hens, may 
    elect to receive index-based insurance from extreme weather-related 
    risk resulting in increased utility costs (including costs of 
    natural gas, propane, electricity, water, and other appropriate 
    costs, as determined by the Corporation) associated with poultry 
    production.
        ``(2) Stakeholder engagement.--The Corporation shall engage 
    with poultry industry stakeholders in establishing the pilot 
    program under paragraph (1).
        ``(3) Location.--The pilot program established under paragraph 
    (1) shall be conducted in a sufficient number of counties to 
    provide a comprehensive evaluation of the feasibility, 
    effectiveness, and demand among producers in the top poultry 
    producing States, as determined by the Corporation.
        ``(4) Approval of policy or plan.--Notwithstanding section 
    508(l), the Board shall approve a policy or plan of insurance based 
    on the pilot program under paragraph (1)--
            ``(A) in accordance with section 508(h); and
            ``(B) not later than 2 years after the date of enactment of 
        this subsection.''.

          Subtitle F--Additional Investments in Rural America

SEC. 10601. CONSERVATION.
    (a) In General.--Section 1241(a) of the Food Security Act of 1985 
(16 U.S.C. 3841(a)) is amended--
        (1) in paragraph (2), by striking subparagraphs (A) through (F) 
    and inserting the following:
            ``(A) $625,000,000 for fiscal year 2026;
            ``(B) $650,000,000 for fiscal year 2027;
            ``(C) $675,000,000 for fiscal year 2028;
            ``(D) $700,000,000 for fiscal year 2029;
            ``(E) $700,000,000 for fiscal year 2030; and
            ``(F) $700,000,000 for fiscal year 2031.''; and
        (2) in paragraph (3)--
            (A) in subparagraph (A), by striking clauses (i) through 
        (v) and inserting the following:
                ``(i) $2,655,000,000 for fiscal year 2026;
                ``(ii) $2,855,000,000 for fiscal year 2027;
                ``(iii) $3,255,000,000 for fiscal year 2028;
                ``(iv) $3,255,000,000 for fiscal year 2029;
                ``(v) $3,255,000,000 for fiscal year 2030; and
                ``(vi) $3,255,000,000 for fiscal year 2031; and''; and
            (B) in subparagraph (B), by striking clauses (i) through 
        (v) and inserting the following:
                ``(i) $1,300,000,000 for fiscal year 2026;
                ``(ii) $1,325,000,000 for fiscal year 2027;
                ``(iii) $1,350,000,000 for fiscal year 2028;
                ``(iv) $1,375,000,000 for fiscal year 2029;
                ``(v) $1,375,000,000 for fiscal year 2030; and
                ``(vi) $1,375,000,000 for fiscal year 2031.''.
    (b) Regional Conservation Partnership Program.--Section 1271D of 
the Food Security Act of 1985 (16 U.S.C. 3871d) is amended by striking 
subsection (a) and inserting the following:
    ``(a) Availability of Funding.--Of the funds of the Commodity 
Credit Corporation, the Secretary shall use to carry out the program, 
to the maximum extent practicable--
        ``(1) $425,000,000 for fiscal year 2026;
        ``(2) $450,000,000 for fiscal year 2027;
        ``(3) $450,000,000 for fiscal year 2028;
        ``(4) $450,000,000 for fiscal year 2029;
        ``(5) $450,000,000 for fiscal year 2030; and
        ``(6) $450,000,000 for fiscal year 2031.''.
    (c) Grassroots Source Water Protection Program.--Section 1240O(b) 
of the Food Security Act of 1985 (16 U.S.C. 3839bb-2(b)) is amended--
        (1) in paragraph (1), by striking ``2023'' and inserting 
    ``2031''; and
        (2) in paragraph (3)--
            (A) in subparagraph (A), by striking ``and'' at the end;
            (B) in subparagraph (B), by striking the period at the end 
        and inserting ``; and''; and
            (C) by adding at the end the following:
            ``(C) $1,000,000 beginning in fiscal year 2026, to remain 
        available until expended.''.
    (d) Voluntary Public Access and Habitat Incentive Program.--Section 
1240R(f)(1) of the Food Security Act of 1985 (16 U.S.C. 3839bb-5(f)(1)) 
is amended--
        (1) by striking ``2023, and'' and inserting ``2023,''; and
        (2) by inserting ``, and $70,000,000 for the period of fiscal 
    years 2025 through 2031'' before the period at the end.
    (e) Watershed Protection and Flood Prevention.--Section 15 of the 
Watershed Protection and Flood Prevention Act (16 U.S.C. 1012a) is 
amended by striking ``$50,000,000 for fiscal year 2019 and each fiscal 
year thereafter'' and inserting ``$150,000,000 for fiscal year 2026 and 
each fiscal year thereafter, to remain available until expended''.
    (f) Feral Swine Eradication and Control Pilot Program.--Section 
2408(g)(1) of the Agriculture Improvement Act of 2018 (7 U.S.C. 8351 
note; Public Law 115-334) is amended--
        (1) by striking ``2023 and'' and inserting ``2023,''; and
        (2) by inserting ``, and $105,000,000 for the period of fiscal 
    years 2025 through 2031'' before the period at the end.
    (g) Rescission.--The unobligated balances of amounts appropriated 
by section 21001(a) of Public Law 117-169 (136 Stat. 2015) are 
rescinded.
SEC. 10602. SUPPLEMENTAL AGRICULTURAL TRADE PROMOTION PROGRAM.
    (a) In General.--The Secretary of Agriculture shall carry out a 
program to encourage the accessibility, development, maintenance, and 
expansion of commercial export markets for United States agricultural 
commodities.
    (b) Funding.--Of the funds of the Commodity Credit Corporation, the 
Secretary of Agriculture shall make available to carry out this section 
$285,000,000 for fiscal year 2027 and each fiscal year thereafter.
SEC. 10603. NUTRITION.
    Section 203D(d)(5) of the Emergency Food Assistance Act of 1983 (7 
U.S.C. 7507(d)(5)) is amended by striking ``2024'' and inserting 
``2031''.
SEC. 10604. RESEARCH.
    (a) Urban, Indoor, and Other Emerging Agricultural Production 
Research, Education, and Extension Initiative.--Section 1672E(d)(1)(B) 
of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 
5925g(d)(1)(B)) is amended by striking ``fiscal year 2024, to remain 
available until expended'' and inserting ``each of fiscal years 2024 
through 2031''.
    (b) Foundation for Food and Agriculture Research.--Section 
7601(g)(1)(A) of the Agricultural Act of 2014 (7 U.S.C. 5939(g)(1)(A)) 
is amended by adding at the end the following:
                ``(iv) Further funding.--Not later than 30 days after 
            the date of enactment of this clause, of the funds of the 
            Commodity Credit Corporation, the Secretary shall transfer 
            to the Foundation to carry out this section $37,000,000, to 
            remain available until expended.''.
    (c) Scholarships for Students at 1890 Institutions.--Section 
1446(b)(1) of the National Agricultural Research, Extension, and 
Teaching Policy Act of 1977 (7 U.S.C. 3222a(b)(1)) is amended by adding 
at the end the following:
            ``(C) Further funding.--Of the funds of the Commodity 
        Credit Corporation, the Secretary shall make available to carry 
        out this section $60,000,000 for fiscal year 2026, to remain 
        available until expended.''.
    (d) Assistive Technology Program for Farmers With Disabilities.--
Section 1680 of the Food, Agriculture, Conservation, and Trade Act of 
1990 (7 U.S.C. 5933) is amended--
        (1) in subsection (c)(2), by inserting ``and subsection (d)'' 
    after ``paragraph (1)''; and
        (2) by adding at the end the following:
    ``(d) Mandatory Funding.--Subject to subsection (c)(2), of the 
funds of the Commodity Credit Corporation, the Secretary shall use to 
carry out this section $8,000,000 for fiscal year 2026, to remain 
available until expended.''.
    (e) Specialty Crop Research Initiative.--Section 412(k)(1)(B) of 
the Agricultural Research, Extension, and Education Reform Act of 1998 
(7 U.S.C. 7632(k)(1)(B)) is amended by striking ``section $80,000,000 
for fiscal year 2014'' and inserting the following: ``section--
                ``(i) $80,000,000 for each of fiscal years 2014 through 
            2025; and
                ``(ii) $175,000,000 for fiscal year 2026''.
    (f) Research Facilities Act.--Section 6 of the Research Facilities 
Act (7 U.S.C. 390d) is amended--
        (1) in subsection (c), by striking ``subsection (a)'' and 
    inserting ``subsections (a) and (e)''; and
        (2) by adding at the end the following:
    ``(e) Mandatory Funding.--Subject to subsections (b), (c), and (d), 
of the funds of the Commodity Credit Corporation, the Secretary shall 
make available to carry out the competitive grant program under section 
4 $125,000,000 for fiscal year 2026 and each fiscal year thereafter.''.
SEC. 10605. ENERGY.
    Section 9005(g)(1)(F) of the Farm Security and Rural Investment Act 
of 2002 (7 U.S.C. 8105(g)(1)(F)) is amended by striking ``2024'' and 
inserting ``2031''.
SEC. 10606. HORTICULTURE.
    (a) Plant Pest and Disease Management and Disaster Prevention.--
Section 420(f) of the Plant Protection Act (7 U.S.C. 7721(f)) is 
amended--
        (1) in paragraph (5), by striking ``and'' at the end;
        (2) by redesignating paragraph (6) as paragraph (7);
        (3) by inserting after paragraph (5) the following:
        ``(6) $75,000,000 for each of fiscal years 2018 through 2025; 
    and''; and
        (4) in paragraph (7) (as so redesignated), by striking 
    ``$75,000,000 for fiscal year 2018'' and inserting ``$90,000,000 
    for fiscal year 2026''.
    (b) Specialty Crop Block Grants.--Section 101(l)(1) of the 
Specialty Crops Competitiveness Act of 2004 (7 U.S.C. 1621 note; Public 
Law 108-465) is amended--
        (1) in subparagraph (D), by striking ``and'' at the end;
        (2) by redesignating subparagraph (E) as subparagraph (F);
        (3) by inserting after subparagraph (D) the following:
            ``(E) $85,000,000 for each of fiscal years 2018 through 
        2025; and''; and
        (4) in subparagraph (F) (as so redesignated), by striking 
    ``$85,000,000 for fiscal year 2018'' and inserting ``$100,000,000 
    for fiscal year 2026''.
    (c) Organic Production and Market Data Initiative.--Section 
7407(d)(1) of the Farm Security and Rural Investment Act of 2002 (7 
U.S.C. 5925c(d)(1)) is amended--
        (1) in subparagraph (B), by striking ``and'' at the end;
        (2) in subparagraph (C), by striking the period at the end and 
    inserting ``; and''; and
        (3) by adding at the end the following:
            ``(D) $10,000,000 for the period of fiscal years 2026 
        through 2031.''.
    (d) Modernization and Improvement of International Trade Technology 
Systems and Data Collection.--Section 2123(c)(4) of the Organic Foods 
Production Act of 1990 (7 U.S.C. 6522(c)(4)) is amended, in the matter 
preceding subparagraph (A), by striking ``and $1,000,000 for fiscal 
year 2024'' and inserting ``, $1,000,000 for fiscal years 2024 and 
2025, and $5,000,000 for fiscal year 2026''.
    (e) National Organic Certification Cost-share Program.--Section 
10606(d)(1)(C) of the Farm Security and Rural Investment Act of 2002 (7 
U.S.C. 6523(d)(1)(C)) is amended by striking ``2024'' and inserting 
``2031''.
    (f) Multiple Crop and Pesticide Use Survey.--Section 10109(c) of 
the Agriculture Improvement Act of 2018 (Public Law 115-334; 132 Stat. 
4907) is amended by adding at the end the following:
        ``(3) Further mandatory funding.--Of the funds of the Commodity 
    Credit Corporation, the Secretary shall use to carry out this 
    section $5,000,000 for fiscal year 2026, to remain available until 
    expended.''.
SEC. 10607. MISCELLANEOUS.
    (a) Animal Disease Prevention and Management.--Section 10409A(d)(1) 
of the Animal Health Protection Act (7 U.S.C. 8308a(d)(1)) is amended--
        (1) in subparagraph (B)--
            (A) in the heading, by striking ``Subsequent fiscal years'' 
        and inserting ``Fiscal years 2023 through 2025''; and
            (B) by striking ``fiscal year 2023 and each fiscal year 
        thereafter'' and inserting ``each of fiscal years 2023 through 
        2025''; and
        (2) by adding at the end the following:
            ``(C) Fiscal years 2026 through 2030.--Of the funds of the 
        Commodity Credit Corporation, the Secretary shall make 
        available to carry out this section $233,000,000 for each of 
        fiscal years 2026 through 2030, of which--
                ``(i) not less than $10,000,000 shall be made available 
            for each such fiscal year to carry out subsection (a);
                ``(ii) not less than $70,000,000 shall be made 
            available for each such fiscal year to carry out subsection 
            (b); and
                ``(iii) not less than $153,000,000 shall be made 
            available for each such fiscal year to carry out subsection 
            (c).
            ``(D) Subsequent fiscal years.--Of the funds of the 
        Commodity Credit Corporation, the Secretary shall make 
        available to carry out this section $75,000,000 for fiscal year 
        2031 and each fiscal year thereafter, of which not less than 
        $45,000,000 shall be made available for each of those fiscal 
        years to carry out subsection (b).''.
    (b) Sheep Production and Marketing Grant Program.--Section 209(c) 
of the Agricultural Marketing Act of 1946 (7 U.S.C. 1627a(c)) is 
amended--
        (1) by striking ``2019, and'' and inserting ``2019,''; and
        (2) by inserting ``and $3,000,000 for fiscal year 2026,'' after 
    ``fiscal year 2024,''
    (c) Pima Agriculture Cotton Trust Fund.--Section 12314 of the 
Agricultural Act of 2014 (7 U.S.C. 2101 note; Public Law 113-79) is 
amended--
        (1) in subsection (b), in the matter preceding paragraph (1), 
    by striking ``2024'' and inserting ``2031''; and
        (2) in subsection (h), by striking ``2024''and inserting 
    ``2031''.
    (d) Agriculture Wool Apparel Manufacturers Trust Fund.--Section 
12315 of the Agricultural Act of 2014 (7 U.S.C. 7101 note; Public Law 
113-79) is amended by striking ``2024'' each place it appears and 
inserting ``2031''.
    (e) Wool Research and Promotion.--Section 12316(a) of the 
Agricultural Act of 2014 (7 U.S.C. 7101 note; Public Law 113-79) is 
amended by striking ``2024'' and inserting ``2031''.
    (f) Emergency Citrus Disease Research and Development Trust Fund.--
Section 12605(d) of the Agriculture Improvement Act of 2018 (7 U.S.C. 
7632 note; Public Law 115-334) is amended by striking ``2024'' and 
inserting ``2031''.

                 TITLE II--COMMITTEE ON ARMED SERVICES

SEC. 20001. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR 
IMPROVING THE QUALITY OF LIFE FOR MILITARY PERSONNEL.
    (a) Appropriations.--In addition to amounts otherwise available, 
there are appropriated to the Secretary of Defense for fiscal year 
2025, out of any money in the Treasury not otherwise appropriated, to 
remain available until September 30, 2029--
        (1) $230,480,000 for restoration and modernization costs under 
    the Marine Corps Barracks 2030 initiative;
        (2) $119,000,000 for base operating support costs under the 
    Marine Corps;
        (3) $1,000,000,000 for Army, Navy, Air Force, and Space Force 
    sustainment, restoration, and modernization of military 
    unaccompanied housing;
        (4) $2,000,000,000 for the Defense Health Program;
        (5) $2,900,000,000 to supplement the basic allowance for 
    housing payable to members of the Army, Air Force, Navy, Marine 
    Corps, and Space Force , notwithstanding section 403 of title 37, 
    United States Code;
        (6) $50,000,000 for bonuses, special pays, and incentive pays 
    for members of the Army, Air Force, Navy, Marine Corps, and Space 
    Force pursuant to titles 10 and 37, United States Code;
        (7) $10,000,000 for the Defense Activity for Non-Traditional 
    Education Support's Online Academic Skills Course program for 
    members of the Army, Air Force, Navy, Marine Corps, and Space 
    Force;
        (8) $100,000,000 for tuition assistance for members of the 
    Army, Air Force, Navy, Marine Corps, and Space Force pursuant to 
    title 10, United States Code;
        (9) $100,000,000 for child care fee assistance for members of 
    the Army, Air Force, Navy, Marine Corps, and Space Force under part 
    II of chapter 88 of title 10, United States Code;
        (10) $590,000,000 to increase the Temporary Lodging Expense 
    Allowance under chapter 8 of title 37, United States Code, to 21 
    days;
        (11) $100,000,000 for Department of Defense Impact Aid payments 
    to local educational agencies under section 2008 of title 10, 
    United States Code;
        (12) $10,000,000 for military spouse professional licensure 
    under section 1784 of title 10, United States Code;
        (13) $6,000,000 for Armed Forces Retirement Home facilities;
        (14) $100,000,000 for the Defense Community Infrastructure 
    Program;
        (15) $100,000,000 for Defense Advanced Research Projects Agency 
    (DARPA) casualty care research; and
        (16) $62,000,000 for modernization of Department of Defense 
    childcare center staffing.
    (b) Temporary Increase in Percentage of Value of Authorized 
Investment in Certain Privatized Military Housing Projects.--
        (1) In general.--During the period beginning on the date of the 
    enactment of this section and ending on September 30, 2029, the 
    Secretary concerned shall apply--
            (A) paragraph (1) of subsection (c) of section 2875 of 
        title 10, United States Code, by substituting ``60 percent'' 
        for ``33 \1/3\ percent''; and
            (B) paragraph (2) of such subsection by substituting ``60 
        percent'' for ``45 percent''.
        (2) Secretary concerned defined.--In this subsection, the term 
    ``Secretary concerned'' has the meaning given such term in section 
    101 of title 10, United States Code.
    (c) Temporary Authority for Acquisition or Construction of 
Privatized Military Unaccompanied Housing.--Section 2881a of title 10, 
United States Code, is amended--
        (1) by striking the heading and inserting ``Temporary authority 
    for acquisition or construction of privatized military 
    unaccompanied housing'';
        (2) by striking ``Secretary of the Navy'' each place it appears 
    and inserting ``Secretary concerned'';
        (3) by striking ``under the pilot projects'' each place it 
    appears and inserting ``pursuant to this section'';
        (4) in subsection (a)--
            (A) by striking the heading and inserting ``In General''; 
        and
            (B) by striking ``carry out not more than three pilot 
        projects under the authority of this section or another 
        provision of this subchapter to use the private sector'' and 
        inserting ``use the authority under this subchapter to enter 
        into contracts with appropriate private sector entities'';
        (5) in subsection (c), by striking ``privatized housing'' and 
    inserting ``privatized housing units'';
        (6) by redesignating subsection (f) as subsection (e); and
        (7) in subsection (e) (as so redesignated)--
            (A) by striking ``under the pilot programs'' and inserting 
        ``under this section''; and
            (B) by striking ``September 30, 2009'' and inserting 
        ``September 30, 2029''.
SEC. 20002. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR 
SHIPBUILDING.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Defense for fiscal year 2025, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $250,000,000 for the expansion of accelerated Training in 
    Defense Manufacturing program;
        (2) $250,000,000 for United States production of turbine 
    generators for shipbuilding industrial base;
        (3) $450,000,000 for United States additive manufacturing for 
    wire production and machining capacity for shipbuilding industrial 
    base;
        (4) $492,000,000 for next-generation shipbuilding techniques;
        (5) $85,000,000 for United States-made steel plate for 
    shipbuilding industrial base;
        (6) $50,000,000 for machining capacity for naval propellers for 
    shipbuilding industrial base;
        (7) $110,000,000 for rolled steel and fabrication facility for 
    shipbuilding industrial base;
        (8) $400,000,000 for expansion of collaborative campus for 
    naval shipbuilding;
        (9) $450,000,000 for application of autonomy and artificial 
    intelligence to naval shipbuilding;
        (10) $500,000,000 for the adoption of advanced manufacturing 
    techniques in the shipbuilding industrial base;
        (11) $500,000,000 for additional dry-dock capability;
        (12) $50,000,000 for the expansion of cold spray repair 
    technologies;
        (13) $450,000,000 for additional maritime industrial workforce 
    development programs;
        (14) $750,000,000 for additional supplier development across 
    the naval shipbuilding industrial base;
        (15) $250,000,000 for additional advanced manufacturing 
    processes across the naval shipbuilding industrial base;
        (16) $4,600,000,000 for a second Virginia-class submarine in 
    fiscal year 2026;
        (17) $5,400,000,000 for two additional Guided Missile Destroyer 
    (DDG) ships;
        (18) $160,000,000 for advanced procurement for Landing Ship 
    Medium;
        (19) $1,803,941,000 for procurement of Landing Ship Medium;
        (20) $295,000,000 for development of a second Landing Craft 
    Utility shipyard and production of additional Landing Craft 
    Utility;
        (21) $100,000,000 for advanced procurement for light 
    replenishment oiler program;
        (22) $600,000,000 for the lease or purchase of new ships 
    through the National Defense Sealift Fund;
        (23) $2,725,000,000 for the procurement of T-AO oilers;
        (24) $500,000,000 for cost-to-complete for rescue and salvage 
    ships;
        (25) $300,000,000 for production of ship-to-shore connectors;
        (26) $1,470,000,000 for the implementation of a multi-ship 
    amphibious warship contract;
        (27) $80,000,000 for accelerated development of vertical launch 
    system reloading at sea;
        (28) $250,000,000 for expansion of Navy corrosion control 
    programs;
        (29) $159,000,000 for leasing of ships for Marine Corps 
    operations;
        (30) $1,534,000,000 for expansion of small unmanned surface 
    vessel production;
        (31) $2,100,000,000 for development, procurement, and 
    integration of purpose-built medium unmanned surface vessels;
        (32) $1,300,000,000 for expansion of unmanned underwater 
    vehicle production;
        (33) $188,360,000 for the development and testing of maritime 
    robotic autonomous systems and enabling technologies;
        (34) $174,000,000 for the development of a Test Resource 
    Management Center robotic autonomous systems proving ground;
        (35) $250,000,000 for the development, production, and 
    integration of wave-powered unmanned underwater vehicles; and
        (36) $150,000,000 for retention of inactive reserve fleet 
    ships.
SEC. 20003. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR 
INTEGRATED AIR AND MISSILE DEFENSE.
    (a) Next Generation Missile Defense Technologies.--In addition to 
amounts otherwise available, there are appropriated to the Secretary of 
Defense for fiscal year 2025, out of any money in the Treasury not 
otherwise appropriated, to remain available until September 30, 2029--
        (1) $250,000,000 for development and testing of directed energy 
    capabilities by the Under Secretary for Research and Engineering;
        (2) $500,000,000 for national security space launch 
    infrastructure;
        (3) $2,000,000,000 for air moving target indicator military 
    satellites;
        (4) $400,000,000 for expansion of Multi-Service Advanced 
    Capability Hypersonic Test Bed program;
        (5) $5,600,000,000 for development of space-based and boost 
    phase intercept capabilities;
        (6) $7,200,000,000 for the development, procurement, and 
    integration of military space-based sensors; and
        (7) $2,550,000,000 for the development, procurement, and 
    integration of military missile defense capabilities.
    (b) Layered Homeland Defense.--In addition to amounts otherwise 
available, there are appropriated to the Secretary of Defense for 
fiscal year 2025, out of any money in the Treasury not otherwise 
appropriated, to remain available until September 30, 2029--
        (1) $2,200,000,000 for acceleration of hypersonic defense 
    systems;
        (2) $800,000,000 for accelerated development and deployment of 
    next-generation intercontinental ballistic missile defense systems;
        (3) $408,000,000 for Army space and strategic missile test 
    range infrastructure restoration and modernization in the United 
    States Indo-Pacific Command area of operations west of the 
    international dateline;
        (4) $1,975,000,000 for improved ground-based missile defense 
    radars; and
        (5) $530,000,000 for the design and construction of Missile 
    Defense Agency missile instrumentation range safety ship.
SEC. 20004. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR 
MUNITIONS AND DEFENSE SUPPLY CHAIN RESILIENCY.
    (a) Appropriations.--In addition to amounts otherwise available, 
there are appropriated to the Secretary of Defense for fiscal year 
2025, out of any money in the Treasury not otherwise appropriated, to 
remain available until September 30, 2029--
        (1) $400,000,000 for the development, production, and 
    integration of Navy and Air Force long-range anti-ship missiles;
        (2) $380,000,000 for production capacity expansion for Navy and 
    Air Force long-range anti-ship missiles;
        (3) $490,000,000 for the development, production, and 
    integration of Navy and Air Force long-range air-to-surface 
    missiles;
        (4) $94,000,000 for the development, production, and 
    integration of alternative Navy and Air Force long-range air-to-
    surface missiles;
        (5) $630,000,000 for the development, production, and 
    integration of long-range Navy air defense and anti-ship missiles;
        (6) $688,000,000 for the development, production, and 
    integration of long-range multi-service cruise missiles;
        (7) $250,000,000 for production capacity expansion and supplier 
    base strengthening of long-range multi-service cruise missiles;
        (8) $70,000,000 for the development, production, and 
    integration of short-range Navy and Marine Corps anti-ship 
    missiles;
        (9) $100,000,000 for the development of an anti-ship seeker for 
    short-range Army ballistic missiles;
        (10) $175,000,000 for production capacity expansion for next-
    generation Army medium-range ballistic missiles;
        (11) $50,000,000 for the mitigation of diminishing 
    manufacturing sources for medium-range air-to-air missiles;
        (12) $250,000,000 for the procurement of medium-range air-to-
    air missiles;
        (13) $225,000,000 for the expansion of production capacity for 
    medium-range air-to-air missiles;
        (14) $50,000,000 for the development of second sources for 
    components of short-range air-to-air missiles;
        (15) $325,000,000 for production capacity improvements for air-
    launched anti-radiation missiles;
        (16) $50,000,000 for the accelerated development of Army next-
    generation medium-range anti-ship ballistic missiles;
        (17) $114,000,000 for the production of Army next-generation 
    medium-range ballistic missiles;
        (18) $300,000,000 for the production of Army medium-range 
    ballistic missiles;
        (19) $85,000,000 for the accelerated development of Army long-
    range ballistic missiles;
        (20) $400,000,000 for the production of heavyweight torpedoes;
        (21) $200,000,000 for the development, procurement, and 
    integration of mass-producible autonomous underwater munitions;
        (22) $70,000,000 for the improvement of heavyweight torpedo 
    maintenance activities;
        (23) $200,000,000 for the production of lightweight torpedoes;
        (24) $500,000,000 for the development, procurement, and 
    integration of maritime mines;
        (25) $50,000,000 for the development, procurement, and 
    integration of new underwater explosives;
        (26) $55,000,000 for the development, procurement, and 
    integration of lightweight multi-mission torpedoes;
        (27) $80,000,000 for the production of sonobuoys;
        (28) $150,000,000 for the development, procurement, and 
    integration of air-delivered long-range maritime mines;
        (29) $61,000,000 for the acceleration of Navy expeditionary 
    loitering munitions deployment;
        (30) $50,000,000 for the acceleration of one-way attack 
    unmanned aerial systems with advanced autonomy;
        (31) $1,000,000,000 for the expansion of the one-way attack 
    unmanned aerial systems industrial base;
        (32) $200,000,000 for investments in solid rocket motor 
    industrial base through the Industrial Base Fund established under 
    section 4817 of title 10, United States Code;
        (33) $400,000,000 for investments in the emerging solid rocket 
    motor industrial base through the Industrial Base Fund established 
    under section 4817 of title 10, United States Code;
        (34) $42,000,000 for investments in second sources for large-
    diameter solid rocket motors for hypersonic missiles;
        (35) $1,000,000,000 for the creation of next-generation 
    automated munitions production factories;
        (36) $170,000,000 for the development of advanced radar depot 
    for repair, testing, and production of radar and electronic warfare 
    systems;
        (37) $25,000,000 for the expansion of the Department of Defense 
    industrial base policy analysis workforce;
        (38) $30,300,000 for the repair of Army missiles;
        (39) $100,000,000 for the production of small and medium 
    ammunition;
        (40) $2,000,000,000 for additional activities to improve the 
    United States stockpile of critical minerals through the National 
    Defense Stockpile Transaction Fund, authorized by subchapter III of 
    chapter 5 of title 50, United States Code;
        (41) $10,000,000 for the expansion of the Department of Defense 
    armaments cooperation workforce;
        (42) $500,000,000 for the expansion of the Defense 
    Exportability Features program;
        (43) $350,000,000 for production of Navy long-range air and 
    missile defense interceptors;
        (44) $93,000,000 for replacement of Navy long-range air and 
    missile defense interceptors;
        (45) $100,000,000 for development of a second solid rocket 
    motor source for Navy air defense and anti ship missiles;
        (46) $65,000,000 for expansion of production capacity of 
    Missile Defense Agency long-range anti-ballistic missiles;
        (47) $225,000,000 for expansion of production capacity for Navy 
    air defense and anti-ship missiles;
        (48) $103,300,000 for expansion of depot level maintenance 
    facility for Navy long-range air and missile defense interceptors;
        (49) $18,000,000 for creation of domestic source for guidance 
    section of Navy short-range air defense missiles;
        (50) $65,000,000 for integration of Army medium-range air and 
    missile defense interceptor with Navy ships;
        (51) $176,100,000 for production of Army long-range movable 
    missile defense radar;
        (52) $167,000,000 for accelerated fielding of Army short-range 
    gun-based air and missile defense system;
        (53) $40,000,000 for development of low-cost alternatives to 
    air and missile defense interceptors;
        (54) $50,000,000 for acceleration of Army next-generation 
    shoulder-fired air defense system;
        (55) $91,000,000 for production of Army next-generation 
    shoulder-fired air defense system;
        (56) $500,000,000 for development, production, and integration 
    of counter-unmanned aerial systems programs;
        (57) $350,000,000 for development, production, and integration 
    of non-kinetic counter-unmanned aerial systems programs;
        (58) $250,000,000 for development, production, and integration 
    of land-based counter-unmanned aerial systems programs;
        (59) $200,000,000 for development, production, and integration 
    of ship-based counter-unmanned aerial systems programs;
        (60) $400,000,000 for acceleration of hypersonic strike 
    programs;
        (61) $167,000,000 for procurement of additional launchers for 
    Army medium-range air and missile defense interceptors;
        (62) $500,000,000 for expansion of defense advanced 
    manufacturing techniques;
        (63) $1,000,000 for establishment of the Joint Energetics 
    Transition Office;
        (64) $200,000,000 for acceleration of Army medium-range air and 
    missile defense interceptors;
        (65) $150,000,000 for additive manufacturing for propellant;
        (66) $250,000,000 for expansion and acceleration of penetrating 
    munitions production; and
        (67) $50,000,000 for development, procurement, and integration 
    of precision extended-range artillery.
    (b) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Secretary of Defense for fiscal year 2025, 
out of any money in the Treasury not otherwise appropriated, to remain 
available until September 30, 2029, $3,300,000,000 for grants and 
purchase commitments made pursuant to the Industrial Base Fund 
established under section 4817 of title 10, United States Code.
    (c) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Secretary of Defense for fiscal year 2025, 
out of any money in the Treasury not otherwise appropriated, to remain 
available until September 30, 2029, $5,000,000,000 for investments in 
critical minerals supply chains made pursuant to the Industrial Base 
Fund established under section 4817 of title 10, United States Code.
    (d) Appropriations.--In addition to amounts otherwise available, 
there is appropriated to the Secretary of Defense, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029, $500,000,000 to the ``Department of Defense Credit 
Program Account'' to carry out the capital assistance program, 
including loans, loan guarantees, and technical assistance, established 
under section 149(e) of title 10, United States Code, for critical 
minerals and related industries and projects, including related Covered 
Technology Categories: Provided, That--
        (1) such amounts are available to subsidize gross obligations 
    for the principal amount of direct loans, and total loan principal, 
    any part of which is to be guaranteed, not to exceed 
    $100,000,000,000; and
        (2) such amounts are available to cover all costs and 
    expenditures as provided under section 149(e)(5)(B) of title 10, 
    United States Code.
SEC. 20005. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR SCALING 
LOW-COST WEAPONS INTO PRODUCTION.
    (a) Appropriations.--In addition to amounts otherwise available, 
there are appropriated to the Secretary of Defense for fiscal year 
2025, out of any money in the Treasury not otherwise appropriated, to 
remain available until September 30, 2029--
        (1) $25,000,000 for the Office of Strategic Capital Global 
    Technology Scout program;
        (2) $1,400,000,000 for the expansion of the small unmanned 
    aerial system industrial base;
        (3) $400,000,000 for the development and deployment of the 
    Joint Fires Network and associated joint battle management 
    capabilities;
        (4) $400,000,000 for the expansion of advanced command-and-
    control tools to combatant commands and military departments;
        (5) $100,000,000 for the development of shared secure 
    facilities for the defense industrial base;
        (6) $50,000,000 for the creation of additional Defense 
    Innovation Unit OnRamp Hubs;
        (7) $600,000,000 for the acceleration of Strategic Capabilities 
    Office programs;
        (8) $650,000,000 for the expansion of Mission Capabilities 
    office joint prototyping and experimentation activities for 
    military innovation;
        (9) $500,000,000 for the accelerated development and 
    integration of advanced 5G/6G technologies for military use;
        (10) $25,000,000 for testing of simultaneous transmit and 
    receive technology for military spectrum agility;
        (11) $50,000,000 for the development, procurement, and 
    integration of high-altitude stratospheric balloons for military 
    use;
        (12) $120,000,000 for the development, procurement, and 
    integration of long-endurance unmanned aerial systems for 
    surveillance;
        (13) $40,000,000 for the development, procurement, and 
    integration of alternative positioning and navigation technology to 
    enable military operations in contested electromagnetic 
    environments;
        (14) $750,000,000 for the acceleration of innovative military 
    logistics and energy capability development and deployment;
        (15) $125,000,000 for the acceleration of development of small, 
    portable modular nuclear reactors for military use;
        (16) $1,000,000,000 for the expansion of programs to accelerate 
    the procurement and fielding of innovative technologies;
        (17) $90,000,000 for the development of reusable hypersonic 
    technology for military strikes;
        (18) $2,000,000,000 for the expansion of Defense Innovation 
    Unit scaling of commercial technology for military use;
        (19) $500,000,000 to prevent delays in delivery of attritable 
    autonomous military capabilities;
        (20) $1,500,000,000 for the development, procurement, and 
    integration of low-cost cruise missiles;
        (21) $124,000,000 for improvements to Test Resource Management 
    Center artificial intelligence capabilities;
        (22) $145,000,000 for the development of artificial 
    intelligence to enable one-way attack unmanned aerial systems and 
    naval systems;
        (23) $250,000,000 for the development of the Test Resource 
    Management Center digital test environment;
        (24) $250,000,000 for the advancement of the artificial 
    intelligence ecosystem;
        (25) $250,000,000 for the expansion of Cyber Command artificial 
    intelligence lines of effort;
        (26) $250,000,000 for the acceleration of the Quantum 
    Benchmarking Initiative;
        (27) $1,000,000,000 for the expansion and acceleration of 
    qualification activities and technical data management to enhance 
    competition in defense industrial base;
        (28) $400,000,000 for the expansion of the defense 
    manufacturing technology program;
        (29) $1,685,000,000 for military cryptographic modernization 
    activities;
        (30) $90,000,000 for APEX Accelerators, the Mentor-Protege 
    Program, and cybersecurity support to small non-traditional 
    contractors;
        (31) $250,000,000 for the development, procurement, and 
    integration of Air Force low-cost counter-air capabilities;
        (32) $10,000,000 for additional Air Force wargaming activities; 
    and
        (33) $20,000,000 for the Office of Strategic Capital workforce.
    (b) Appropriations.--In addition to amounts otherwise available, 
there are appropriated to the Secretary of Defense, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029, $1,000,000,000 to the ``Department of Defense 
Credit Program Account'' to carry out the capital assistance program, 
including loans, loan guarantees, and technical assistance, established 
under section 149(e) of title 10, United States Code: Provided, That--
        (1) such amounts are available to subsidize gross obligations 
    for the principal amount of direct loans, and total loan principal, 
    any part of which is to be guaranteed, not to exceed 
    $100,000,000,000; and
        (2) such amounts are available to cover all costs and 
    expenditures as provided under section 149(e)(5)(B) of title 10, 
    United States Code.
SEC. 20006. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR 
IMPROVING THE EFFICIENCY AND CYBERSECURITY OF THE DEPARTMENT OF 
DEFENSE.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Defense for fiscal year 2025, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $150,000,000 for business systems replacement to accelerate 
    the audits of the financial statements of the Department of Defense 
    pursuant to chapter 9A and section 2222 of title 10, United States 
    Code;
        (2) $200,000,000 for the deployment of automation and 
    artificial intelligence to accelerate the audits of the financial 
    statements of the Department of Defense pursuant to chapter 9A and 
    section 2222 of title 10, United States Code;
        (3) $10,000,000 for the improvement of the budgetary and 
    programmatic infrastructure of the Office of the Secretary of 
    Defense; and
        (4) $20,000,000 for defense cybersecurity programs of the 
    Defense Advanced Research Projects Agency.
SEC. 20007. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR AIR 
SUPERIORITY.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Defense for fiscal year 2025, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $3,150,000,000 to increase F-15EX aircraft production;
        (2) $361,220,000 to prevent the retirement of F-22 aircraft;
        (3) $127,460,000 to prevent the retirement of F-15E aircraft;
        (4) $187,000,000 to accelerate installation of F-16 electronic 
    warfare capability;
        (5) $116,000,000 for C-17A Mobility Aircraft Connectivity;
        (6) $84,000,000 for KC-135 Mobility Aircraft Connectivity;
        (7) $440,000,000 to increase C-130J production;
        (8) $474,000,000 to increase EA-37B production;
        (9) $678,000,000 to accelerate the Collaborative Combat 
    Aircraft program;
        (10) $400,000,000 to accelerate production of the F-47 
    aircraft;
        (11) $750,000,000 accelerate the FA/XX aircraft;
        (12) $100,000,000 for production of Advanced Aerial Sensors;
        (13) $160,000,000 to accelerate V-22 nacelle and reliability 
    and safety improvements;
        (14) $100,000,000 to accelerate production of MQ-25 aircraft;
        (15) $270,000,000 for development, procurement, and integration 
    of Marine Corps unmanned combat aircraft;
        (16) $96,000,000 for the procurement and integration of 
    infrared search and track pods;
        (17) $50,000,000 for the procurement and integration of 
    additional F-15EX conformal fuel tanks;
        (18) $600,000,000 for the development, procurement, and 
    integration of Air Force long-range strike aircraft; and
        (19) $500,000,000 for the development, procurement, and 
    integration of Navy long-range strike aircraft.
SEC. 20008. ENHANCEMENT OF RESOURCES FOR NUCLEAR FORCES.
    (a) DOD Appropriations.--In addition to amounts otherwise 
available, there are appropriated to the Secretary of Defense for 
fiscal year 2025, out of any money in the Treasury not otherwise 
appropriated, to remain available until September 30, 2029--
        (1) $2,500,000,000 for risk reduction activities for the 
    Sentinel intercontinental ballistic missile program;
        (2) $4,500,000,000 only for expansion of production capacity of 
    B-21 long-range bomber aircraft and the purchase of aircraft only 
    available through the expansion of production capacity;
        (3) $500,000,000 for improvements to the Minuteman III 
    intercontinental ballistic missile system;
        (4) $100,000,000 for capability enhancements to 
    intercontinental ballistic missile reentry vehicles;
        (5) $148,000,000 for the expansion of D5 missile motor 
    production;
        (6) $400,000,000 to accelerate the development of Trident D5LE2 
    submarine-launched ballistic missiles;
        (7) $2,000,000,000 to accelerate the development, procurement, 
    and integration of the nuclear-armed sea-launched cruise missile;
        (8) $62,000,000 to convert Ohio-class submarine tubes to accept 
    additional missiles, not to be obligated before March 1, 2026;
        (9) $168,000,000 to accelerate the production of the Survivable 
    Airborne Operations Center program;
        (10) $65,000,000 to accelerate the modernization of nuclear 
    command, control, and communications;
        (11) $210,300,000 for the increased production of MH-139 
    helicopters; and
        (12) $150,000,000 to accelerate the development, procurement, 
    and integration of military nuclear weapons delivery programs.
    (b) NNSA Appropriations.--In addition to amounts otherwise 
available, there are appropriated to the Administrator of the National 
Nuclear Security Administration for fiscal year 2025, out of any money 
in the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $200,000,000 to perform National Nuclear Security 
    Administration Phase 1 studies pursuant to section 3211 of the 
    National Nuclear Security Administration Act (50 U.S.C. 2401);
        (2) $540,000,000 to address deferred maintenance and repair 
    needs of the National Nuclear Security Administration pursuant to 
    section 3211 of the National Nuclear Security Administration Act 
    (50 U.S.C. 2401);
        (3) $1,000,000,000 to accelerate the construction of National 
    Nuclear Security Administration facilities pursuant to section 3211 
    of the National Nuclear Security Administration Act (50 U.S.C. 
    2401);
        (4) $400,000,000 to accelerate the development, procurement, 
    and integration of the warhead for the nuclear-armed sea-launched 
    cruise missile pursuant to section 3211 of the National Nuclear 
    Security Administration Act (50 U.S.C. 2401);
        (5) $750,000,000 to accelerate primary capability modernization 
    pursuant to section 3211 of the National Nuclear Security 
    Administration Act (50 U.S.C. 2401);
        (6) $750,000,000 to accelerate secondary capability 
    modernization pursuant to section 3211 of the National Nuclear 
    Security Administration Act (50 U.S.C. 2401);
        (7) $120,000,000 to accelerate domestic uranium enrichment 
    centrifuge deployment for defense purposes pursuant to section 3211 
    of the National Nuclear Security Administration Act (50 U.S.C. 
    2401);
        (8) $10,000,000 for National Nuclear Security Administration 
    evaluation of spent fuel reprocessing technology; and
        (9) $115,000,000 for accelerating nuclear national security 
    missions through artificial intelligence.
SEC. 20009. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES TO IMPROVE 
CAPABILITIES OF UNITED STATES INDO-PACIFIC COMMAND.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Defense for fiscal year 2025, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $365,000,000 for Army exercises and operations in the 
    Western Pacific area of operations;
        (2) $53,000,000 for Special Operations Command exercises and 
    operations in the Western Pacific area of operations;
        (3) $47,000,000 for Marine Corps exercises and operations in 
    Western Pacific area of operations;
        (4) $90,000,000 for Air Force exercises and operations in 
    Western Pacific area of operations;
        (5) $532,600,000 for the Pacific Air Force biennial large-scale 
    exercise;
        (6) $19,000,000 for the development of naval small craft 
    capabilities;
        (7) $35,000,000 for military additive manufacturing 
    capabilities in the United States Indo-Pacific Command area of 
    operations west of the international dateline;
        (8) $450,000,000 for the development of airfields within the 
    area of operations of United States Indo-Pacific Command;
        (9) $1,100,000,000 for development of infrastructure within the 
    area of operations of United States Indo-Pacific Command;
        (10) $124,000,000 for mission networks for United States Indo-
    Pacific Command;
        (11) $100,000,000 for Air Force regionally based cluster pre-
    position base kits;
        (12) $115,000,000 for exploration and development of existing 
    Arctic infrastructure;
        (13) $90,000,000 for the accelerated development of non-kinetic 
    capabilities;
        (14) $20,000,000 for United States Indo-Pacific Command 
    military exercises;
        (15) $143,000,000 for anti-submarine sonar arrays;
        (16) $30,000,000 for surveillance and reconnaissance 
    capabilities for United States Africa Command;
        (17) $30,000,000 for surveillance and reconnaissance 
    capabilities for United States Indo-Pacific Command;
        (18) $500,000,000 for the development, coordination, and 
    deployment of economic competition effects within the Department of 
    Defense;
        (19) $10,000,000 for the expansion of Department of Defense 
    workforce for economic competition;
        (20) $1,000,000,000 for offensive cyber operations;
        (21) $500,000,000 for personnel and operations costs associated 
    with forces assigned to United States Indo-Pacific Command;
        (22) $300,000,000 for the procurement of mesh network 
    communications capabilities for Special Operations Command Pacific;
        (23) $850,000,000 for the replenishment of military articles;
        (24) $200,000,000 for acceleration of Guam Defense System 
    program;
        (25) $68,000,000 for Space Force facilities improvements;
        (26) $150,000,000 for ground moving target indicator military 
    satellites;
        (27) $528,000,000 for DARC and SILENTBARKER military space 
    situational awareness programs;
        (28) $80,000,000 for Navy Operational Support Division;
        (29) $1,000,000,000 for the X-37B military spacecraft program;
        (30) $3,650,000,000 for the development, procurement, and 
    integration of United States military satellites and the protection 
    of United States military satellites.
        (31) $125,000,000 for the development, procurement, and 
    integration of military space communications.
        (32) $350,000,000 for the development, procurement, and 
    integration of military space command and control systems.
SEC. 20010. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR 
IMPROVING THE READINESS OF THE DEPARTMENT OF DEFENSE.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Defense for fiscal year 2025, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $1,400,000,000 for a pilot program on OPN-8 maritime spares 
    and repair rotable pool;
        (2) $700,000,000 for a pilot program on OPN-8 maritime spares 
    and repair rotable pool for amphibious ships;
        (3) $2,118,000,000 for spares and repairs to keep Air Force 
    aircraft mission capable;
        (4) $1,500,000,000 for Army depot modernization and capacity 
    enhancement;
        (5) $2,000,000,000 for Navy depot and shipyard modernization 
    and capacity enhancement;
        (6) $250,000,000 for Air Force depot modernization and capacity 
    enhancement;
        (7) $1,640,000,000 for Special Operations Command equipment, 
    readiness, and operations;
        (8) $500,000,000 for National Guard unit readiness;
        (9) $400,000,000 for Marine Corps readiness and capabilities;
        (10) $20,000,000 for upgrades to Marine Corps utility 
    helicopters;
        (11) $310,000,000 for next-generation vertical lift, assault, 
    and intra-theater aeromedical evacuation aircraft;
        (12) $75,000,000 for the procurement of anti-lock braking 
    systems for Army wheeled transport vehicles;
        (13) $230,000,000 for the procurement of Army wheeled combat 
    vehicles;
        (14) $63,000,000 for the development of advanced rotary-wing 
    engines;
        (15) $241,000,000 for the development, procurement, and 
    integration of Marine Corps amphibious vehicles;
        (16) $250,000,000 for the procurement of Army tracked combat 
    transport vehicles;
        (17) $98,000,000 for additional Army light rotary-wing 
    capabilities;
        (18) $1,500,000,000 for increased depot maintenance and 
    shipyard maintenance activities;
        (19) $2,500,000,000 for Air Force facilities sustainment, 
    restoration, and modernization;
        (20) $92,500,000 for the completion of Robotic Combat Vehicle 
    prototyping;
        (21) $125,000,000 for Army operations;
        (22) $10,000,000 for the Air Force Concepts, Development, and 
    Management Office; and
        (23) $320,000,000 for Joint Special Operations Command.
SEC. 20011. IMPROVING DEPARTMENT OF DEFENSE BORDER SUPPORT AND COUNTER-
DRUG MISSIONS.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Defense for fiscal year 2025, out of any money in 
the Treasury not otherwise appropriated, to remain available until 
September 30, 2029, $1,000,000,000 for the deployment of military 
personnel in support of border operations, operations and maintenance 
activities in support of border operations, counter-narcotics and 
counter-transnational criminal organization mission support, the 
operation of national defense areas and construction in national 
defense areas, and the temporary detention of migrants on Department of 
Defense installations, in accordance with chapter 15 of title 10, 
United States Code.
SEC. 20012. DEPARTMENT OF DEFENSE OVERSIGHT.
    In addition to amounts otherwise available, there is appropriated 
to the Inspector General of the Department of Defense for fiscal year 
2025, out of any money in the Treasury not otherwise appropriated, 
$10,000,000, to remain available through September 30, 2029, to monitor 
Department of Defense activities for which funding is appropriated in 
this title, including--
        (1) programs with mutual technological dependencies;
        (2) programs with related data management and data ownership 
    considerations; and
        (3) programs particularly vulnerable to supply chain 
    disruptions and long lead time components.
SEC. 20013. MILITARY CONSTRUCTION PROJECTS AUTHORIZED.
    (a) Authorization of Appropriations.--Funds are hereby authorized 
to be appropriated for military construction, land acquisition, and 
military family housing functions of each military department (as 
defined in section 101(a) of title 10, United States Code) as specified 
in this title.
    (b) Spending Plan.--Not later than 30 days after the date of the 
enactment of this title, the Secretary of each military department 
shall submit to the Committees on Armed Services of the Senate and 
House of Representatives a detailed spending plan by project for all 
funds made available by this title to be expended on military 
construction projects.

      TITLE III--COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

SEC. 30001. FUNDING CAP FOR THE BUREAU OF CONSUMER FINANCIAL 
PROTECTION.
    Section 1017(a)(2)(A)(iii) of the Consumer Financial Protection Act 
of 2010 (12 U.S.C. 5497(a)(2)(A)(iii)) is amended by striking ``12'' 
and inserting ``6.5''.
SEC. 30002. RESCISSION OF FUNDS FOR GREEN AND RESILIENT RETROFIT 
PROGRAM FOR MULTIFAMILY HOUSING.
    The unobligated balances of amounts made available under section 
30002(a) of the Act entitled ``An Act to provide for reconciliation 
pursuant to title II of S. Con. Res. 14'', approved August 16, 2022 
(Public Law 117-169; 136 Stat. 2027) are rescinded.
SEC. 30003. SECURITIES AND EXCHANGE COMMISSION RESERVE FUND.
    (a) In General.--Section 4 of the Securities Exchange Act of 1934 
(15 U.S.C. 78d) is amended--
        (1) by striking subsection (i); and
        (2) by redesignating subsections (j) and (k) as subsections (i) 
    and (j), respectively.
    (b) Technical and Conforming Amendment.--Section 21F(g)(2) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78u-6(g)(2)) is amended to 
read as follows:
    ``(a) Use of Fund.--The Fund shall be available to the Commission, 
without further appropriation or fiscal year limitation, for paying 
awards to whistleblowers as provided in subsection (b).''.
    (c) Transition Provision.--During the period beginning on the date 
of enactment of this Act and ending on October 1, 2025, the Securities 
and Exchange Commission may expend amounts in the Securities and 
Exchange Commission Reserve Fund that were obligated before the date of 
enactment of this Act for any program, project, or activity that is 
ongoing (as of the day before the date of enactment of this Act) in 
accordance with subsection (i) of section 4 of the Securities Exchange 
Act of 1934 (15 U.S.C. 78d), as in effect on the day before the date of 
enactment of this Act.
    (d) Transfer of Remaining Amounts.--Effective on October 1, 2025, 
the obligated and unobligated balances of amounts in the Securities and 
Exchange Commission Reserve Fund shall be transferred to the general 
fund of the Treasury.
    (e) Closing of Account.--For the purposes of section 1555 of title 
31, United States Code, the Securities and Exchange Commission Reserve 
Fund shall be considered closed, and thereafter shall not be available 
for obligation or expenditure for any purpose, upon execution of the 
transfer required under subsection (d).
SEC. 30004. APPROPRIATIONS FOR DEFENSE PRODUCTION ACT.
    In addition to amounts otherwise available, there is appropriated 
for fiscal year 2025, out of amounts not otherwise appropriated, 
$1,000,000,000, to remain available until September 30, 2027, to carry 
out the Defense Production Act (50 U.S.C. 4501 et seq.).

      TITLE IV--COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION

SEC. 40001. COAST GUARD MISSION READINESS.
    (a) In General.--Chapter 11 of title 14, United States Code, is 
amended by adding at the end the following:

             ``Subchapter V--Coast Guard Mission Readiness

``Sec. 1181. Special appropriations
    ``In addition to amounts otherwise available, there is appropriated 
to the Coast Guard for fiscal year 2025, out of any money in the 
Treasury not otherwise appropriated, $24,593,500,000, to remain 
available until September 30, 2029, notwithstanding paragraphs (1) and 
(2) of section 1105(a) and sections 1131, 1132, 1133, and 1156, to use 
expedited processes to procure or acquire new operational assets and 
systems, to maintain existing assets and systems, to design, construct, 
plan, engineer, and improve necessary shore infrastructure, and to 
enhance operational resilience for monitoring, search and rescue, 
interdiction, hardening of maritime approaches, and navigational 
safety, of which--
        ``(1) $1,142,500,000 is provided for procurement and 
    acquisition of fixed-wing aircraft, equipment related to such 
    aircraft and training simulators and program management for such 
    aircraft, to provide for security of the maritime border;
        ``(2) $2,283,000,000 is provided for procurement and 
    acquisition of rotary-wing aircraft, equipment related to such 
    aircraft and training simulators and program management for such 
    aircraft, to provide for security of the maritime border;
        ``(3) $266,000,000 is provided for procurement and acquisition 
    of long-range unmanned aircraft and base stations, equipment 
    related to such aircraft and base stations, and program management 
    for such aircraft and base stations, to provide for security of the 
    maritime border;
        ``(4) $4,300,000,000 is provided for procurement of Offshore 
    Patrol Cutters, equipment related to such cutters, and program 
    management for such cutters, to provide operational presence and 
    security of the maritime border and for interdiction of persons and 
    controlled substances;
        ``(5) $1,000,000,000 is provided for procurement of Fast 
    Response Cutters, equipment related to such cutters, and program 
    management for such cutters, to provide operational presence and 
    security of the maritime border and for interdiction of persons and 
    controlled substances;
        ``(6) $4,300,000,000 is provided for procurement of Polar 
    Security Cutters, equipment related to such cutters, and program 
    management for such cutters, to ensure timely presence of the Coast 
    Guard in the Arctic and Antarctic regions;
        ``(7) $3,500,000,000 is provided for procurement of Arctic 
    Security Cutters, equipment related to such cutters, and program 
    management for such cutters, to ensure timely presence of the Coast 
    Guard in the Arctic and Antarctic regions;
        ``(8) $816,000,000 is provided for procurement of light and 
    medium icebreaking cutters, and equipment relating to such cutters, 
    from shipyards that have demonstrated success in the cost-effective 
    application of design standards and in delivering, on schedule and 
    within budget, vessels of a size and tonnage that are not less than 
    the size and tonnage of the cutters described in this paragraph, 
    and for program management for such cutters, to expand domestic 
    icebreaking capacity;
        ``(9) $162,000,000 is provided for procurement of Waterways 
    Commerce Cutters, equipment related to such cutters, and program 
    management for such cutters, to support aids to navigation, 
    waterways and coastal security, and search and rescue in inland 
    waterways;
        ``(10) $4,379,000,000 is provided for design, planning, 
    engineering, recapitalization, construction, rebuilding, and 
    improvement of, and program management for, shore facilities, of 
    which--
            ``(A) $425,000,000 is provided for design, planning, 
        engineering, construction of, and program management for--
                ``(i) the enlisted boot camp barracks and multi-use 
            training center; and
                ``(ii) other related facilities at the enlisted boot 
            camp;
            ``(B) $500,000,000 is provided for--
                ``(i) construction, improvement, and dredging at the 
            Coast Guard Yard; and
                ``(ii) acquisition of a floating drydock for the Coast 
            Guard Yard;
            ``(C) not more than $2,729,500,000 is provided for 
        homeports and hangars for cutters and aircraft for which funds 
        are appropriated under paragraph (1) through (9); and
            ``(D) $300,000,000 is provided for homeporting of the 
        existing polar icebreaker commissioned into service in 2025;
        ``(11) $2,200,000,000 is provided for aviation, cutter, and 
    shore facility depot maintenance and maintenance of command, 
    control, communication, computer, and cyber assets;
        ``(12) $170,000,000 is provided for improving maritime domain 
    awareness on the maritime border, at United States ports, at land-
    based facilities and in the cyber domain; and
        ``(13) $75,000,000 is provided to contract the services of, 
    acquire, or procure autonomous maritime systems.''.
    (b) Technical and Conforming Amendment.--The analysis for chapter 
11 of title 14, United States Code, is amended by adding at the end the 
following:

              ``subchapter v--coast guard mission readiness

``1181. Special appropriations.''.
SEC. 40002. SPECTRUM AUCTIONS.
    (a) Definitions.--In this section:
        (1) Assistant secretary.--The term ``Assistant Secretary'' 
    means the Assistant Secretary of Commerce for Communications and 
    Information.
        (2) Commission.--The term ``Commission'' means the Federal 
    Communications Commission.
        (3) Covered band.--The term ``covered band''--
            (A) except as provided in subparagraph (B), means the band 
        of frequencies between 1.3 gigahertz and 10.5 gigahertz; and
            (B) does not include--
                (i) the band of frequencies between 3.1 gigahertz and 
            3.45 gigahertz for purposes of auction, reallocation, 
            modification, or withdrawal; or
                (ii) the band of frequencies between 7.4 gigahertz and 
            8.4 gigahertz for purposes of auction, reallocation, 
            modification, or withdrawal.
        (4) Full-power commercial licensed use cases.--The term ``full-
    power commercial licensed use cases'' means flexible use wireless 
    broadband services with base station power levels sufficient for 
    high-power, high-density, and wide-area commercial mobile services, 
    consistent with the service rules under part 27 of title 47, Code 
    of Federal Regulations, or any successor regulations, for wireless 
    broadband deployments throughout the covered band.
    (b) General Auction Authority.--
        (1) Amendment.--Section 309(j)(11) of the Communications Act of 
    1934 (47 U.S.C. 309(j)(11)) is amended by striking ``grant a 
    license or permit under this subsection shall expire March 9, 
    2023'' and all that follows and inserting the following: "complete 
    a system of competitive bidding under this subsection shall expire 
    September 30, 2034, except that, with respect to the 
    electromagnetic spectrum-- ``
            ``(A) between the frequencies of 3.1 gigahertz and 3.45 
        gigahertz, such authority shall not apply; and
            ``(B) between the frequencies of 7.4 gigahertz and 8.4 
        gigahertz, such authority shall not apply.''.
        (2) Spectrum auctions.--The Commission shall grant licenses 
    through systems of competitive bidding, before the expiration of 
    the general auction authority of the Commission under section 
    309(j)(11) of the Communications Act of 1934 (47 U.S.C. 
    309(j)(11)), as amended by paragraph (1) of this subsection, for 
    not less than 300 megahertz, including by completing a system of 
    competitive bidding not later than 2 years after the date of 
    enactment of this Act for not less than 100 megahertz in the band 
    between 3.98 gigahertz and 4.2 gigahertz.
    (c) Identification for Reallocation.--
        (1) In general.--The Assistant Secretary, in consultation with 
    the Commission, shall identify 500 megahertz of frequencies in the 
    covered band for reallocation to non-Federal use, shared Federal 
    and non-Federal use, or a combination thereof, for full-power 
    commercial licensed use cases, that--
            (A) as of the date of enactment of this Act, are allocated 
        for Federal use; and
            (B) shall be in addition to the 300 megahertz of 
        frequencies for which the Commission grants licenses under 
        subsection (b)(2).
        (2) Schedule.--The Assistant Secretary shall identify the 
    frequencies under paragraph (1) according to the following 
    schedule:
            (A) Not later than 2 years after the date of enactment of 
        this Act, the Assistant Secretary shall identify not less than 
        200 megahertz of frequencies within the covered band.
            (B) Not later than 4 years after the date of enactment of 
        this Act, the Assistant Secretary shall identify any remaining 
        bandwidth required to be identified under paragraph (1).
        (3) Required analysis.--
            (A) In general.--In determining under paragraph (1) which 
        specific frequencies within the covered band to reallocate, the 
        Assistant Secretary shall determine the feasibility of the 
        reallocation of frequencies.
            (B) Requirements.--In conducting the analysis under 
        subparagraph (A), the Assistant Secretary shall assess net 
        revenue potential, relocation or sharing costs, as applicable, 
        and the feasibility of reallocating specific frequencies, with 
        the goal of identifying the best approach to maximize net 
        proceeds of systems of competitive bidding for the Treasury, 
        consistent with section 309(j) of the Communications Act of 
        1934 (47 U.S.C. 309(j)).
    (d) Auctions.--The Commission shall grant licenses for the 
frequencies identified for reallocation under subsection (c) through 
systems of competitive bidding in accordance with the following 
schedule:
        (1) Not later than 4 years after the date of enactment of this 
    Act, the Commission shall, after notifying the Assistant Secretary, 
    complete 1 or more systems of competitive bidding for not less than 
    200 megahertz of the frequencies.
        (2) Not later than 8 years after the date of enactment of this 
    Act, the Commission shall, after notifying the Assistant Secretary, 
    complete 1 or more systems of competitive bidding for any 
    frequencies identified under subsection (c) that remain to be 
    auctioned after compliance with paragraph (1) of this subsection.
    (e) Limitation.--The President shall modify or withdraw any 
frequency proposed for reallocation under this section not later than 
60 days before the commencement of a system of competitive bidding 
scheduled by the Commission with respect to that frequency, if the 
President determines that such modification or withdrawal is necessary 
to protect the national security of the United States.
    (f) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Department of Commerce for fiscal year 
2025, out of any money in the Treasury not otherwise appropriated, 
$50,000,000, to remain available through September 30, 2034, to provide 
additional support to the Assistant Secretary to--
        (1) conduct a timely spectrum analysis of the bands of 
    frequencies--
            (A) between 2.7 gigahertz and 2.9 gigahertz;
            (B) between 4.4 gigahertz and 4.9 gigahertz; and
            (C) between 7.25 gigahertz and 7.4 gigahertz; and
        (2) publish a biennial report, with the last report to be 
    published not later than June 30, 2034, on the value of all 
    spectrum used by Federal entities (as defined in section 113(l) of 
    the National Telecommunications and Information Administration 
    Organization Act (47 U.S.C. 923(l))), that assesses the value of 
    bands of frequencies in increments of not more than 100 megahertz.
SEC. 40003. AIR TRAFFIC CONTROL IMPROVEMENTS.
    (a) In General.--For the purpose of the acquisition, construction, 
sustainment, and improvement of facilities and equipment necessary to 
improve or maintain aviation safety, in addition to amounts otherwise 
made available, there is appropriated to the Administrator of the 
Federal Aviation Administration for fiscal year 2025, out of any money 
in the Treasury not otherwise appropriated, to remain available until 
September 30, 2029--
        (1) $4,750,000,000 for telecommunications infrastructure 
    modernization and systems upgrades;
        (2) $3,000,000,000 for radar systems replacement;
        (3) $500,000,000 for runway safety technologies, runway 
    lighting systems, airport surface surveillance technologies, and to 
    carry out section 347 of the FAA Reauthorization Act of 2024;
        (4) $300,000,000 for Enterprise Information Display Systems;
        (5) $80,000,000 to acquire and install not less than 50 
    Automated Weather Observing Systems, to acquire and install not 
    less than 60 Visual Weather Observing Systems, to acquire and 
    install not less than 64 weather camera sites, and to acquire and 
    install weather stations;
        (6) $40,000,000 to carry out section 44745 of title 49, United 
    States Code, (except for activities described in paragraph (5));
        (7) $1,900,000,000 for necessary actions to construct a new air 
    route traffic control center (in this subsection referred to as 
    ``ARTCC''):  Provided, That not more than 2 percent of such amount 
    is used for planning or administrative purposes:  Provided further, 
    That at least 3 existing ARTCCs are divested and integrated into 
    the newly constructed ARTCC;
        (8) $100,000,000 to conduct an ARTCC Realignment and 
    Consolidation Effort under which at least 10 existing ARTCCs are 
    closed or consolidated to facilitate recapitalization of ARTCC 
    facilities owned and operated by the Federal Aviation 
    Administration;
        (9) $1,000,000,000 to support recapitalization and 
    consolidation of terminal radar approach control facilities (in 
    this subsection referred to as ``TRACONs''), the analysis and 
    identification of TRACONs for divestment, consolidation, or 
    integration, planning, site selection, facility acquisition, and 
    transition activities and other appropriate activities for carrying 
    out such divestment, consolidation, or integration, and the 
    establishment of brand new TRACONs;
        (10) $350,000,000 for unstaffed infrastructure sustainment and 
    replacement;
        (11) $50,000,000 to carry out section 961 of the FAA 
    Reauthorization Act of 2024;
        (12) $300,000,000 to carry out section 619 of the FAA 
    Reauthorization Act of 2024;
        (13) $50,000,000 to carry out section 621 of the FAA 
    Reauthorization Act of 2024 and to deploy remote tower technology 
    at untowered airports; and
        (14) $100,000,000 for air traffic controller advanced training 
    technologies.
    (b) Quarterly Reporting.--Not later than 180 days after the date of 
enactment of this Act, and every 90 days thereafter, the Administrator 
of the Federal Aviation Administration shall submit to Congress a 
report that describes any expenditures under this section.
SEC. 40004. SPACE LAUNCH AND REENTRY LICENSING AND PERMITTING USER 
FEES.
    (a) In General.--Chapter 509 of title 51, United States Code, is 
amended by adding at the end the following new section:
``Sec. 50924. Space launch and reentry licensing and permitting user 
     fees
    ``(a) Fees.--
        ``(1) In general.--The Secretary of Transportation shall impose 
    a fee, which shall be deposited in the account established under 
    subsection (b), on each launch or reentry carried out under a 
    license or permit issued under section 50904 during 2026 or a 
    subsequent year, in an amount equal to the lesser of--
            ``(A) the amount specified in paragraph (2) for the year 
        involved per pound of the weight of the payload; or
            ``(B) the amount specified in paragraph (3) for the year 
        involved.
        ``(2) Paragraph (2) specified amount.--The amount specified in 
    this paragraph is--
            ``(A) for 2026, $0.25;
            ``(B) for 2027, $0.35;
            ``(C) for 2028, $0.50;
            ``(D) for 2029, $0.60;
            ``(E) for 2030, $0.75;
            ``(F) for 2031, $1;
            ``(G) for 2032, $1.25;
            ``(H) for 2033, $1.50; and
            ``(I) for 2034 and each subsequent year, the amount 
        specified in this paragraph for the previous year increased by 
        the percentage increase in the consumer price index for all 
        urban consumers (all items; United States city average) over 
        the previous year.
        ``(3) Paragraph (3) specified amount.--The amount specified in 
    this paragraph is--
            ``(A) for 2026, $30,000;
            ``(B) for 2027, $40,000;
            ``(C) for 2028, $50,000;
            ``(D) for 2029, $75,000;
            ``(E) for 2030, $100,000;
            ``(F) for 2031, $125,000;
            ``(G) for 2032, $170,000;
            ``(H) for 2033, $200,000; and
            ``(I) for 2034 and each subsequent year, the amount 
        specified in this paragraph for the previous year increased by 
        the percentage increase in the consumer price index for all 
        urban consumers (all items; United States city average) over 
        the previous year.
    ``(b) Office of Commercial Space Transportation Launch and Reentry 
Licensing and Permitting Fund.--There is established in the Treasury of 
the United States a separate account, which shall be known as the 
`Office of Commercial Space Transportation Launch and Reentry Licensing 
and Permitting Fund', for the purposes of expenses of the Office of 
Commercial Space Transportation of the Federal Aviation Administration 
and to carry out section 630(b) of the FAA Reauthorization Act of 2024. 
70 percent of the amounts deposited into the fund shall be available 
for such purposes and shall be available without further appropriation 
and without fiscal year limitation.''.
    (b) Clerical Amendment.--The table of sections for chapter 509 of 
title 51, United States Code, is amended by inserting after the item 
relating to section 50923 the following:
``50924. Space launch and reentry licensing and permitting user fees.''.
SEC. 40005. MARS MISSIONS, ARTEMIS MISSIONS, AND MOON TO MARS PROGRAM.
    (a) In General.--Chapter 203 of title 51, United States Code, is 
amended by adding at the end the following:
``Sec. 20306. Special appropriations for Mars missions, Artemis 
     missions, and Moon to Mars program
    ``(a) In General.--In addition to amounts otherwise available, 
there is appropriated to the Administration for fiscal year 2025, out 
of any money in the Treasury not otherwise appropriated, 
$9,995,000,000, to remain available until September 30, 2032, to use as 
follows:
        ``(1) $700,000,000, to be obligated not later than fiscal year 
    2026, for the procurement, using a competitively bid, firm fixed-
    price contract with a United States commercial provider (as defined 
    in section 50101(7)), of a high-performance Mars telecommunications 
    orbiter--
            ``(A) that--
                ``(i) is capable of providing robust, continuous 
            communications for--

                    ``(I) a Mars sample return mission, as described in 
                section 432(3)(C) of the National Aeronautics and Space 
                Administration Transition Authorization Act of 2017 (51 
                U.S.C. 20302 note; Public Law 115-10); and
                    ``(II) future Mars surface, orbital, and human 
                exploration missions;

                ``(ii) supports autonomous operations, onboard 
            processing, and extended mission duration capabilities; and
                ``(iii) is selected from among the commercial proposals 
            that--

                    ``(I) received funding from the Administration in 
                fiscal year 2024 or 2025 for commercial design studies 
                for Mars Sample Return; and
                    ``(II) proposed a separate, independently launched 
                Mars telecommunication orbiter supporting an end-to-end 
                Mars sample return mission; and

            ``(B) which shall be delivered to the Administration not 
        later than December 31, 2028.
        ``(2) $2,600,000,000 to meet the requirements of section 
    20302(a) using the program of record known, as of the date of the 
    enactment of this section, as `Gateway', and as described in 
    section 10811(b)(2)(B)(iv) of the National Aeronautics and Space 
    Administration Authorization Act of 2022 (51 U.S.C. 20302 note; 
    Public Law 117-167), of which not less than $750,000,000 shall be 
    obligated for each of fiscal years 2026, 2027, and 2028.
        ``(3) $4,100,000,000 for expenses related to meeting the 
    requirements of section 10812 of the National Aeronautics and Space 
    Administration Authorization Act of 2022 (51 U.S.C. 20301; Public 
    Law 117-167) for the procurement, transportation, integration, 
    operation, and other necessary expenses of the Space Launch System 
    for Artemis Missions IV and V, of which not less than 
    $1,025,000,000 shall be obligated for each of fiscal years 2026, 
    2027, 2028, and 2029.
        ``(4) $20,000,000 for expenses related to the continued 
    procurement of the multi-purpose crew vehicle described in section 
    303 of the National Aeronautics and Space Administration 
    Authorization Act of 2010 (42 U.S.C. 18323), known as the `Orion', 
    for use with the Space Launch System on the Artemis IV Mission and 
    reuse in subsequent Artemis Missions, of which not less than 
    $20,000,000 shall be obligated not later than fiscal year 2026.
        ``(5) $1,250,000,000 for expenses related to the operation of 
    the International Space Station and for the purpose of meeting the 
    requirement under section 503(a) of the National Aeronautics and 
    Space Administration Authorization Act of 2010 (42 U.S.C. 
    18353(a)), of which not less than $250,000,000 shall be obligated 
    for such expenses for each of fiscal years 2025, 2026, 2027, 2028, 
    and 2029.
        ``(6) $1,000,000,000 for infrastructure improvements at the 
    manned spaceflight centers of the Administration, of which not less 
    than--
            ``(A) $120,000,000 shall be obligated not later than fiscal 
        year 2026 for construction, revitalization, recapitalization, 
        or other infrastructure projects and improvements at the center 
        described in Executive Order 12641 (53 Fed. Reg. 18816; 
        relating to designating certain facilities of the National 
        Aeronautics and Space Administration in the State of 
        Mississippi as the John C. Stennis Space Center);
            ``(B) $250,000,000 shall be obligated not later than fiscal 
        year 2026 for construction, revitalization, recapitalization, 
        or other infrastructure projects and improvements at the center 
        described in Executive Order 11129 (28 Fed. Reg. 12787; 
        relating to designating certain facilities of the National 
        Aeronautics and Space Administration and of the Department of 
        Defense, in the State of Florida, as the John F. Kennedy Space 
        Center);
            ``(C) $300,000,000 shall be obligated not later than fiscal 
        year 2026 for construction, revitalization, recapitalization, 
        or other infrastructure projects and improvements at the center 
        described in the Joint Resolution entitled `Joint Resolution to 
        designate the Manned Spacecraft Center in Houston, Texas, as 
        the ``Lyndon B. Johnson Space Center'' in honor of the late 
        President', approved February 17, 1973 (Public Law 93-8; 87 
        Stat. 7);
            ``(D) $100,000,000 shall be obligated not later than fiscal 
        year 2026 for construction, revitalization, recapitalization, 
        or other infrastructure projects and improvements at the center 
        described in Executive Order 10870 (25 Fed. Reg. 2197; relating 
        to designating the facilities of the National Aeronautics and 
        Space Administration at Huntsville, Alabama, as the George C. 
        Marshall Space Flight Center);
            ``(E) $30,000,000 shall be obligated not later than fiscal 
        year 2026 for construction, revitalization, recapitalization, 
        or other infrastructure projects and improvements at the 
        Michoud Assembly Facility in New Orleans, Louisiana; and
            ``(F) $85,000,000 shall be obligated to carry out 
        subsection (b), of which not less than $5,000,000 shall be 
        obligated for the transportation of the space vehicle described 
        in that subsection, with the remainder transferred not later 
        than the date that is 18 months after the date of the enactment 
        of this section to the entity designated under that subsection, 
        for the purpose of construction of a facility to house the 
        space vehicle referred to in that subsection.
        ``(7) $325,000,000 to fulfill contract number 80JSC024CA002 
    issued by the National Aeronautics and Space Administration on June 
    26, 2024.
    ``(b) Space Vehicle Transfer.--
        ``(1) In general.--Not later than 30 days after the date of the 
    enactment of this section, the Administrator shall identify a space 
    vehicle described in paragraph (2) to be--
            ``(A) transferred to a field center of the Administration 
        that is involved in the administration of the Commercial Crew 
        Program (as described in section 302 of the National 
        Aeronautics and Space Administration Transition Authorization 
        Act of 2017 (51 U.S.C. 50111 note; Public Law 115-10)); and
            ``(B) placed on public exhibition at an entity within the 
        Metropolitan Statistical Area where such center is located.
        ``(2) Space vehicle described.--A space vehicle described in 
    this paragraph is a vessel that--
            ``(A) has flown into space;
            ``(B) has carried astronauts; and
            ``(C) is selected with the concurrence of an entity 
        designated by the Administrator.
        ``(3) Transfer.--Not later than 18 months after the date of the 
    enactment of this section, the space vehicle identified under 
    paragraph (1) shall be transferred to an entity designated by the 
    Administrator.
    ``(c) Obligation of Funds.--Funds appropriated under subsection (a) 
shall be obligated as follows:
        ``(1) Not less than 50 percent of the total funds in subsection 
    (a) shall be obligated not later than September 30, 2028.
        ``(2) 100 percent of funds shall be obligated not later than 
    September 30, 2029.
        ``(3) All associated outlays shall occur not later than 
    September 30, 2034.''.
    (b) Clerical Amendment.--The table of sections for chapter 203 of 
title 51, United States Code, is amended by adding at the end the 
following:
``20306. Special appropriations for Mars missions, Artemis missions, and 
          Moon to Mars program.''.
SEC. 40006. CORPORATE AVERAGE FUEL ECONOMY CIVIL PENALTIES.
    (a) In General.--Section 32912 of title 49, United States Code, is 
amended--
        (1) in subsection (b), in the matter preceding paragraph (1), 
    by striking ``$5'' and inserting ``$0.00''; and
        (2) in subsection (c)(1)(B), by striking ``$10'' and inserting 
    ``$0.00''.
    (b) Effect; Applicability.--The amendments made by subsection (a) 
shall--
        (1) take effect on the date of enactment of this section; and
        (2) apply to all model years of a manufacturer for which the 
    Secretary of Transportation has not provided a notification 
    pursuant to section 32903(b)(2)(B) of title 49, United States Code, 
    specifying the penalty due for the average fuel economy of that 
    manufacturer being less than the applicable standard prescribed 
    under section 32902 of that title.
SEC. 40007. PAYMENTS FOR LEASE OF METROPOLITAN WASHINGTON AIRPORTS.
    Section 49104(b) of title 49, United States Code, is amended to 
read as follows:
    ``(b) Payments.--
        ``(1) In general.--Subject to paragraph (2), under the lease, 
    the Airports Authority must pay to the general fund of the Treasury 
    annually an amount, computed using the GNP Price Deflator--
            ``(A) during the period from 1987 to 2026, equal to 
        $3,000,000 in 1987 dollars; and
            ``(B) for 2027 and subsequent years, equal to $15,000,000 
        in 2027 dollars.
        ``(2) Renegotiation.--The Secretary and the Airports Authority 
    shall renegotiate the level of lease payments at least once every 
    10 years to ensure that in no year the amount specified in 
    paragraph (1)(B) is less than $15,000,000 in 2027 dollars.''.
SEC. 40008. RESCISSION OF CERTAIN AMOUNTS FOR THE NATIONAL OCEANIC AND 
ATMOSPHERIC ADMINISTRATION.
    Any unobligated balances of amounts appropriated or otherwise made 
available by sections 40001, 40002, 40003, and 40004 of Public Law 117-
169 (136 Stat. 2028) are hereby rescinded.
SEC. 40009. REDUCTION IN ANNUAL TRANSFERS TO TRAVEL PROMOTION FUND.
    Subsection (d)(2)(B) of the Travel Promotion Act of 2009 (22 U.S.C. 
2131(d)(2)(B)) is amended by striking ``$100,000,000'' and inserting 
``$20,000,000''.
SEC. 40010. TREATMENT OF UNOBLIGATED FUNDS FOR ALTERNATIVE FUEL AND 
LOW-EMISSION AVIATION TECHNOLOGY.
    Out of the amounts made available by section 40007(a) of title IV 
of Public Law 117-169 (49 U.S.C. 44504 note), any unobligated balances 
of such amounts are hereby rescinded.
SEC. 40011. RESCISSION OF AMOUNTS APPROPRIATED TO PUBLIC WIRELESS 
SUPPLY CHAIN INNOVATION FUND.
    Of the unobligated balances of amounts made available under section 
106(a) of the CHIPS Act of 2022 (Public Law 117-167; 136 Stat. 1392), 
$850,000,000 are permanently rescinded.

           TITLE V--COMMITTEE ON ENERGY AND NATURAL RESOURCES
                    Subtitle A--Oil and Gas Leasing

SEC. 50101. ONSHORE OIL AND GAS LEASING.
    (a) Repeal of Inflation Reduction Act Provisions.--
        (1) Onshore oil and gas royalty rates.--Subsection (a) of 
    section 50262 of Public Law 117-169 (136 Stat. 2056) is repealed, 
    and any provision of law amended or repealed by that subsection is 
    restored or revived as if that subsection had not been enacted into 
    law.
        (2) Noncompetitive leasing.--Subsection (e) of section 50262 of 
    Public Law 117-169 (136 Stat. 2057) is repealed, and any provision 
    of law amended or repealed by that subsection is restored or 
    revived as if that subsection had not been enacted into law.
    (b) Requirement to Immediately Resume Onshore Oil and Gas Lease 
Sales.--
        (1) In general.--The Secretary of the Interior shall 
    immediately resume quarterly onshore oil and gas lease sales in 
    compliance with the Mineral Leasing Act (30 U.S.C. 181 et seq.).
        (2) Requirement.--The Secretary of the Interior shall ensure--
            (A) that any oil and gas lease sale required under 
        paragraph (1) is conducted immediately on completion of all 
        applicable scoping, public comment, and environmental analysis 
        requirements under the Mineral Leasing Act (30 U.S.C. 181 et 
        seq.) and the National Environmental Policy Act of 1969 (42 
        U.S.C. 4321 et seq.); and
            (B) that the processes described in subparagraph (A) are 
        conducted in a timely manner to ensure compliance with 
        subsection (b)(1).
        (3) Lease of oil and gas lands.--Section 17(b)(1)(A) of the 
    Mineral Leasing Act (30 U.S.C. 226(b)(1)(A)), as amended by 
    subsection (a), is amended by inserting ``For purposes of the 
    previous sentence, the term `eligible lands' means all lands that 
    are subject to leasing under this Act and are not excluded from 
    leasing by a statutory prohibition, and the term `available', with 
    respect to eligible lands, means those lands that have been 
    designated as open for leasing under a land use plan developed 
    under section 202 of the Federal Land Policy and Management Act of 
    1976 (43 U.S.C. 1712) and that have been nominated for leasing 
    through the submission of an expression of interest, are subject to 
    drainage in the absence of leasing, or are otherwise designated as 
    available pursuant to regulations adopted by the Secretary.'' after 
    ``sales are necessary.''.
    (c) Quarterly Lease Sales.--
        (1) In general.--In accordance with the Mineral Leasing Act (30 
    U.S.C. 181 et seq.), each fiscal year, the Secretary of the 
    Interior shall conduct a minimum of 4 oil and gas lease sales of 
    available land in each of the following States:
            (A) Wyoming.
            (B) New Mexico.
            (C) Colorado.
            (D) Utah.
            (E) Montana.
            (F) North Dakota.
            (G) Oklahoma.
            (H) Nevada.
            (I) Alaska.
        (2) Requirement.--In conducting a lease sale under paragraph 
    (1) in a State described in that paragraph, the Secretary of the 
    Interior--
            (A) shall offer not less than 50 percent of available 
        parcels nominated for oil and gas development under the 
        applicable resource management plan in effect for relevant 
        Bureau of Land Management resource management areas within the 
        applicable State; and
            (B) shall not restrict the parcels offered to 1 Bureau of 
        Land Management field office within the applicable State unless 
        all nominated parcels are located within the same Bureau of 
        Land Management field office.
        (3) Replacement sales.--The Secretary of the Interior shall 
    conduct a replacement sale during the same fiscal year if--
            (A) a lease sale under paragraph (1) is canceled, delayed, 
        or deferred, including for a lack of eligible parcels; or
            (B) during a lease sale under paragraph (1) the percentage 
        of acreage that does not receive a bid is equal to or greater 
        than 25 percent of the acreage offered.
    (d) Mineral Leasing Act Reforms.--Section 17 of the Mineral Leasing 
Act (30 U.S.C. 226), as amended by subsection (a), is amended--
        (1) by striking the section designation and all that follows 
    through the end of subsection (a) and inserting the following:
  ``SEC. 17. LEASING OF OIL AND GAS PARCELS.
    ``(a) Leasing Authorized.--
        ``(1) In general.--Any parcel of land subject to disposition 
    under this Act that is known or believed to contain oil or gas 
    deposits shall be made available for leasing, subject to paragraph 
    (2), by the Secretary of the Interior, not later than 18 months 
    after the date of receipt by the Secretary of an expression of 
    interest in leasing the applicable parcel of land available for 
    disposition under this section, if the Secretary determines that 
    the parcel of land is open to oil or gas leasing under the approved 
    resource management plan applicable to the planning area in which 
    the parcel of land is located that is in effect on the date on 
    which the expression of interest was submitted to the Secretary 
    (referred to in this subsection as the `approved resource 
    management plan').
        ``(2) Resource management plans.--
            ``(A) Lease terms and conditions.--A lease issued by the 
        Secretary under this section with respect to an applicable 
        parcel of land made available for leasing under paragraph (1)--
                ``(i) shall be subject to the terms and conditions of 
            the approved resource management plan; and
                ``(ii) may not require any stipulations or mitigation 
            requirements not included in the approved resource 
            management plan.
            ``(B) Effect of amendment.--The initiation of an amendment 
        to an approved resource management plan shall not prevent or 
        delay the Secretary from making the applicable parcel of land 
        available for leasing in accordance with that approved resource 
        management plan if the other requirements of this section have 
        been met, as determined by the Secretary.'';
        (2) in subsection (p), by adding at the end the following:
        ``(4) Term.--A permit to drill approved under this subsection 
    shall be valid for a single, non-renewable 4-year period beginning 
    on the date that the permit to drill is approved.''; and
        (3) by striking subsection (q) and inserting the following:
    ``(q) Commingling of Production.--The Secretary of the Interior 
shall approve applications allowing for the commingling of production 
from 2 or more sources (including the area of an oil and gas lease, the 
area included in a drilling spacing unit, a unit participating area, a 
communitized area, or non-Federal property) before production reaches 
the point of royalty measurement regardless of ownership, the royalty 
rates, and the number or percentage of acres for each source if the 
applicant agrees to install measurement devices for each source, 
utilize an allocation method that achieves volume measurement 
uncertainty levels within plus or minus 2 percent during the production 
phase reported on a monthly basis, or utilize an approved periodic well 
testing methodology. Production from multiple oil and gas leases, 
drilling spacing units, communitized areas, or participating areas from 
a single wellbore shall be considered a single source. Nothing in this 
subsection shall prevent the Secretary of the Interior from continuing 
the current practice of exercising discretion to authorize higher 
percentage volume measurement uncertainty levels if appropriate 
technical and economic justifications have been provided.''.
SEC. 50102. OFFSHORE OIL AND GAS LEASING.
    (a) Lease Sales.--
        (1) Gulf of america region.--
            (A) In general.--Notwithstanding the 2024-2029 National 
        Outer Continental Shelf Oil and Gas Leasing Program (and any 
        successor leasing program that does not satisfy the 
        requirements of this section), in addition to lease sales which 
        may be held under that program, and except within areas subject 
        to existing oil and gas leasing moratoria, the Secretary of the 
        Interior shall conduct a minimum of 30 region-wide oil and gas 
        lease sales, in a manner consistent with the schedule described 
        in subparagraph (B), in the region identified in the map 
        depicting lease terms and economic conditions accompanying the 
        final notice of sale of the Bureau of Ocean Energy Management 
        entitled ``Gulf of Mexico Outer Continental Shelf Region-Wide 
        Oil and Gas Lease Sale 254'' (85 Fed. Reg. 8010 (February 12, 
        2020)).
            (B) Timing requirement.--Of the not fewer than 30 region-
        wide lease sales required under this paragraph, the Secretary 
        of the Interior shall--
                (i) hold not fewer than 1 lease sale in the region 
            described in subparagraph (A) by December 15, 2025;
                (ii) hold not fewer than 2 lease sales in that region 
            in each of calendar years 2026 through 2039, 1 of which 
            shall be held by March 15 of the applicable calendar year 
            and 1 of which shall be held after March 15 but not later 
            than August 15 of the applicable calendar year; and
                (iii) hold not fewer than 1 lease sale in that region 
            in calendar year 2040, which shall be held by March 15, 
            2040.
        (2) Alaska region.--
            (A) In general.--The Secretary of the Interior shall 
        conduct a minimum of 6 offshore lease sales, in a manner 
        consistent with the schedule described in subparagraph (B), in 
        the Cook Inlet Planning Area as identified in the 2017-2022 
        Outer Continental Shelf Oil and Gas Leasing Proposed Final 
        Program published on November 18, 2016, by the Bureau of Ocean 
        Energy Management (as announced in the notice of availability 
        of the Bureau of Ocean Energy Management entitled ``Notice of 
        Availability of the 2017-2022 Outer Continental Shelf Oil and 
        Gas Leasing Proposed Final Program'' (81 Fed. Reg. 84612 
        (November 23, 2016))).
            (B) Timing requirement.--Of the not fewer than 6 lease 
        sales required under this paragraph, the Secretary of the 
        Interior shall hold not fewer than 1 lease sale in the area 
        described in subparagraph (A) in each of calendar years 2026 
        through 2028, and in each of calendar years 2030 through 2032, 
        by March 15 of the applicable calendar year.
    (b) Requirements.--
        (1) Terms and stipulations for gulf of america sales.--In 
    conducting lease sales under subsection (a)(1), the Secretary of 
    the Interior--
            (A) shall, subject to subparagraph (C), offer the same 
        lease form, lease terms, economic conditions, and lease 
        stipulations 4 through 9 as contained in the final notice of 
        sale of the Bureau of Ocean Energy Management entitled ``Gulf 
        of Mexico Outer Continental Shelf Region-Wide Oil and Gas Lease 
        Sale 254'' (85 Fed. Reg. 8010 (February 12, 2020));
            (B) may update lease stipulations 1 through 3 and 10 
        described in that final notice of sale to reflect current 
        conditions for lease sales conducted under subsection (a)(1);
            (C) shall set the royalty rate at not less than 12\1/2\ 
        percent but not greater than 16\2/3\ percent; and
            (D) shall, for a lease in water depths of 800 meters or 
        deeper issued as a result of a sale, set the primary term for 
        10 years.
        (2) Terms and stipulations for alaska region sales.--
            (A) In general.--In conducting lease sales under subsection 
        (a)(2), the Secretary of the Interior shall offer the same 
        lease form, lease terms, economic conditions, and stipulations 
        as contained in the final notice of sale of the Bureau of Ocean 
        Energy Management entitled ``Cook Inlet Planning Area Outer 
        Continental Shelf Oil and Gas Lease Sale 244'' (82 Fed. Reg. 
        23291 (May 22, 2017)).
            (B) Revenue sharing.--Notwithstanding section 8(g) and 
        section 9 of the Outer Continental Shelf Lands Act (43 U.S.C. 
        1337(g), 1338), and beginning in fiscal year 2034, of the 
        bonuses, rents, royalties, and other revenues derived from 
        lease sales conducted under subsection (a)(2)--
                (i) 70 percent shall be paid to the State of Alaska; 
            and
                (ii) 30 percent shall be deposited in the Treasury and 
            credited to miscellaneous receipts.
        (3) Area offered for lease.--
            (A) Gulf of america region.--For each offshore lease sale 
        conducted under subsection (a)(1), the Secretary of the 
        Interior shall--
                (i) offer not fewer than 80,000,000 acres; or
                (ii) if there are fewer than 80,000,000 acres that are 
            unleased and available, offer all unleased and available 
            acres.
            (B) Alaska region.--For each offshore lease sale conducted 
        under subsection (a)(2), the Secretary of the Interior shall--
                (i) offer not fewer than 1,000,000 acres; or
                (ii) if there are fewer than 1,000,000 acres that are 
            unleased and available, offer all unleased and available 
            acres.
    (c) Offshore Commingling.--The Secretary of the Interior shall 
approve a request of an operator to commingle oil or gas production 
from multiple reservoirs within a single wellbore completed on the 
outer Continental Shelf in the Gulf of America Region unless the 
Secretary of the Interior determines that conclusive evidence 
establishes that the commingling--
        (1) could not be conducted by the operator in a safe manner; or
        (2) would result in an ultimate recovery from the applicable 
    reservoirs to be reduced in comparison to the expected recovery of 
    those reservoirs if they had not been commingled.
    (d) Offshore Oil and Gas Royalty Rate.--
        (1) Repeal.--Section 50261 of Public Law 117-169 (136 Stat. 
    2056) is repealed, and any provision of law amended or repealed by 
    that section is restored or revived as if that section had not been 
    enacted into law.
        (2) Royalty rate.--Section 8(a)(1) of the Outer Continental 
    Shelf Lands Act (43 U.S.C. 1337(a)(1)) (as amended by paragraph 
    (1)) is amended--
            (A) in subparagraph (A), by striking ``not less than 12\1/
        2\ per centum'' and inserting ``not less than 12\1/2\ percent, 
        but not more than 16\2/3\ percent,'';
            (B) in subparagraph (C), by striking ``not less than 12\1/
        2\ per centum'' and inserting ``not less than 12\1/2\ percent, 
        but not more than 16\2/3\ percent,'';
            (C) in subparagraph (F), by striking ``no less than 12\1/2\ 
        per centum'' and inserting ``not less than 12\1/2\ percent, but 
        not more than 16\2/3\ percent,''; and
            (D) in subparagraph (H), by striking ``no less than 12 and 
        \1/2\ per centum'' and inserting ``not less than 12\1/2\ 
        percent, but not more than 16\2/3\ percent,''.
    (e) Limitations on Amount of Distributed Qualified Outer 
Continental Shelf Revenues.--Section 105(f)(1) of the Gulf of Mexico 
Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109-432) 
is amended--
        (1) in subparagraph (B), by striking ``and'' at the end;
        (2) in subparagraph (C), by striking ``2055.'' and inserting 
    ``2024;''; and
        (3) by adding at the end the following:
            ``(D) $650,000,000 for each of fiscal years 2025 through 
        2034; and
            ``(E) $500,000,000 for each of fiscal years 2035 through 
        2055.''.
SEC. 50103. ROYALTIES ON EXTRACTED METHANE.
    Section 50263 of Public Law 117-169 (30 U.S.C. 1727) is repealed.
SEC. 50104. ALASKA OIL AND GAS LEASING.
    (a) Definitions.--In this section:
        (1) Coastal plain.--The term ``Coastal Plain'' has the meaning 
    given the term in section 20001(a) of Public Law 115-97 (16 U.S.C. 
    3143 note).
        (2) Oil and gas program.--The term ``oil and gas program'' 
    means the oil and gas program established under section 20001(b)(2) 
    of Public Law 115-97 (16 U.S.C. 3143 note).
        (3) Secretary.--The term ``Secretary'' means the Secretary of 
    the Interior, acting through the Bureau of Land Management.
    (b) Lease Sales Required.--
        (1) In general.--Subject to paragraph (3), in addition to the 
    lease sales required under section 20001(c)(1)(A) of Public Law 
    115-97 (16 U.S.C. 3143 note), the Secretary shall conduct not fewer 
    than 4 lease sales area-wide under the oil and gas program by not 
    later than 10 years after the date of enactment of this Act.
        (2) Terms and conditions.--In conducting lease sales under 
    paragraph (1), the Secretary shall offer the same terms and 
    conditions as contained in the record of decision described in the 
    notice of availability of the Bureau of Land Management entitled 
    ``Notice of Availability of the Record of Decision for the Final 
    Environmental Impact Statement for the Coastal Plain Oil and Gas 
    Leasing Program, Alaska'' (85 Fed. Reg. 51754 (August 21, 2020)).
        (3) Sale acreages; schedule.--
            (A) Acreages.--In conducting the lease sales required under 
        paragraph (1), the Secretary shall offer for lease under the 
        oil and gas program--
                (i) not fewer than 400,000 acres area-wide in each 
            lease sale; and
                (ii) those areas that have the highest potential for 
            the discovery of hydrocarbons.
            (B) Schedule.--The Secretary shall offer--
                (i) the initial lease sale under paragraph (1) not 
            later than 1 year after the date of enactment of this Act;
                (ii) a second lease sale under paragraph (1) not later 
            than 3 years after the date of enactment of this Act;
                (iii) a third lease sale under paragraph (1) not later 
            than 5 years after the date of enactment of this Act; and
                (iv) a fourth lease sale under paragraph (1) not later 
            than 7 years after the date of enactment of this Act.
        (4) Rights-of-way.--Section 20001(c)(2) of Public Law 115-97 
    (16 U.S.C. 3143 note) shall apply to leases awarded under this 
    subsection.
        (5) Surface development.--Section 20001(c)(3) of Public Law 
    115-97 (16 U.S.C. 3143 note) shall apply to leases awarded under 
    this subsection.
    (c) Receipts.--Notwithstanding section 35 of the Mineral Leasing 
Act (30 U.S.C. 191) and section 20001(b)(5) of Public Law 115-97 (16 
U.S.C. 3143 note), of the amount of adjusted bonus, rental, and royalty 
receipts derived from the oil and gas program and operations on the 
Coastal Plain pursuant to this section--
        (1)(A) for each of fiscal years 2025 through 2033, 50 percent 
    shall be paid to the State of Alaska; and
        (B) for fiscal year 2034 and each fiscal year thereafter, 70 
    percent shall be paid to the State of Alaska; and
        (2) the balance shall be deposited into the Treasury as 
    miscellaneous receipts.
SEC. 50105. NATIONAL PETROLEUM RESERVE-ALASKA.
    (a) Definitions.--In this section:
        (1) NPR-A final environmental impact statement.--The term 
    ``NPR-A final environmental impact statement'' means the final 
    environmental impact statement published by the Bureau of Land 
    Management entitled ``National Petroleum Reserve in Alaska 
    Integrated Activity Plan Final Environmental Impact Statement'' and 
    dated June 2020, including the errata sheet dated October 6, 2020, 
    and excluding the errata sheet dated September 20, 2022.
        (2) NPR-A record of decision.--The term ``NPR-A record of 
    decision'' means the record of decision published by the Bureau of 
    Land Management entitled ``National Petroleum Reserve in Alaska 
    Integrated Activity Plan Record of Decision'' and dated December 
    2020.
        (3) Program.--The term ``Program'' means the competitive oil 
    and gas leasing, exploration, development, and production program 
    established under section 107 of the Naval Petroleum Reserves 
    Production Act of 1976 (42 U.S.C. 6506a).
        (4) Secretary.--The term ``Secretary'' means the Secretary of 
    the Interior.
    (b) Restoration of NPR-A Oil and Gas Leasing Program.--Effective 
beginning on the date of enactment of this Act, the Secretary shall 
expeditiously restore and resume oil and gas lease sales under the 
Program for domestic energy production and Federal revenue in the areas 
designated for oil and gas leasing as described in the NPR-A final 
environmental impact statement and the NPR-A record of decision.
    (c) Resumption of NPR-A Lease Sales.--
        (1) In general.--Subject to paragraph (2), the Secretary shall 
    conduct not fewer than 5 lease sales under the Program by not later 
    than 10 years after the date of enactment of this Act.
        (2) Sales acreages; schedule.--
            (A) Acreages.--In conducting the lease sales required under 
        paragraph (1), the Secretary shall offer not fewer than 
        4,000,000 acres in each lease sale.
            (B) Schedule.--The Secretary shall offer--
                (i) an initial lease sale under paragraph (1) not later 
            than 1 year after the date of enactment of this Act; and
                (ii) an additional lease sale under paragraph (1) not 
            later than every 2 years after the date of enactment of 
            this Act.
    (d) Terms and Stipulations for NPR-A Lease Sales.--In conducting 
lease sales under subsection (c), the Secretary shall offer the same 
lease form, lease terms, economic conditions, and stipulations as 
described in the NPR-A final environmental impact statement and the 
NPR-A record of decision.
    (e) Receipts.--Section 107(l) of the Naval Petroleum Reserves 
Production Act of 1976 (42 U.S.C. 6506a(l)) is amended--
        (1) by striking ``All receipts from'' and inserting the 
    following:
        ``(1) In general.--Except as provided in paragraph (2), all 
    receipts from''; and
        (2) by adding at the end the following:
        ``(2) Percent share for fiscal year 2034 and thereafter.--
    Beginning in fiscal year 2034, of the receipts from sales, rentals, 
    bonuses, and royalties on leases issued pursuant to this section 
    after the date of enactment of the Act entitled `An Act to provide 
    for reconciliation pursuant to title II of H. Con. Res. 14' (119th 
    Congress)--
            ``(A) 70 percent shall be paid to the State of Alaska; and
            ``(B) 30 percent shall be paid into the Treasury of the 
        United States.''.

                           Subtitle B--Mining

SEC. 50201. COAL LEASING.
    (a) Definitions.--In this section:
        (1) Coal lease.--The term ``coal lease'' means a lease entered 
    into by the United States as lessor, through the Bureau of Land 
    Management, and an applicant on Bureau of Land Management Form 
    3400-012 (or a successor form that contains the terms of a coal 
    lease).
        (2) Qualified application.--The term ``qualified application'' 
    means an application for a coal lease pending as of the date of 
    enactment of this Act or submitted within 90 days thereafter under 
    the lease by application program administered by the Bureau of Land 
    Management pursuant to the Mineral Leasing Act (30 U.S.C. 181 et 
    seq.) for which any required environmental review has commenced or 
    the Director of the Bureau of Land Management determines can 
    commence within 90 days after receiving the application.
    (b) Coal Leasing Activities.--Not later than 90 days after the date 
of enactment of this Act, the Secretary of the Interior--
        (1) shall--
            (A) with respect to each qualified application--
                (i) if not previously published for public comment, 
            publish any required environmental review;
                (ii) establish the fair market value of the applicable 
            coal tract;
                (iii) hold a lease sale with respect to the applicable 
            coal tract; and
                (iv) identify the highest bidder at or above the fair 
            market value and take all other intermediate actions 
            necessary to identify the winning bidder and grant the 
            qualified application; and
        (2) may--
            (A) with respect to a previously issued coal lease, grant 
        any additional approvals of the Department of the Interior 
        required for mining activities to commence; and
            (B) after completing the actions required by clauses (i) 
        through (iv) of paragraph (1)(A), grant the qualified 
        application and issue the applicable lease to the person that 
        submitted the qualified application if that person submitted 
        the winning bid in the lease sale held under clause (iii) of 
        paragraph (1)(A).
SEC. 50202. COAL ROYALTY.
    (a) Rate.--Section 7(a) of the Mineral Leasing Act (30 U.S.C. 
207(a)) is amended, in the fourth sentence, by striking ``12\1/2\ per 
centum'' and inserting ``12\1/2\ percent, except such amount shall be 
not more than 7 percent during the period that begins on the date of 
enactment of the Act entitled `An Act to provide for reconciliation 
pursuant to title II of H. Con. Res. 14' (119th Congress) and ends 
September 30, 2034,''.
    (b) Applicability to Existing Leases.--The amendment made by 
subsection (a) shall apply to a coal lease--
        (1) issued under section 2 of the Mineral Leasing Act (30 
    U.S.C. 201) before, on, or after the date of the enactment of this 
    Act; and
        (2) that has not been terminated.
    (c) Advance Royalties.--With respect to a lease issued under 
section 2 of the Mineral Leasing Act (30 U.S.C. 201) for which the 
lessee has paid advance royalties under section 7(b) of that Act (30 
U.S.C. 207(b)), the Secretary of the Interior shall provide to the 
lessee a credit for the difference between the amount paid by the 
lessee in advance royalties for the lease before the date of the 
enactment of this Act and the amount the lessee would have been 
required to pay if the amendment made by subsection (a) had been made 
before the lessee paid advance royalties for the lease.
SEC. 50203. LEASES FOR KNOWN RECOVERABLE COAL RESOURCES.
    Notwithstanding section 2(a)(3)(A) of the Mineral Leasing Act (30 
U.S.C. 201(a)(3)(A)) and section 202(a) of the Federal Land Policy and 
Management Act of 1976 (43 U.S.C. 1712(a)), not later than 90 days 
after the date of enactment of this Act, the Secretary of the Interior 
shall make available for lease known recoverable coal resources of not 
less than 4,000,000 additional acres on Federal land located in the 48 
contiguous States and Alaska subject to the jurisdiction of the 
Secretary, but which shall not include any Federal land within--
        (1) a National Monument;
        (2) a National Recreation Area;
        (3) a component of the National Wilderness Preservation System;
        (4) a component of the National Wild and Scenic Rivers System;
        (5) a component of the National Trails System;
        (6) a National Conservation Area;
        (7) a unit of the National Wildlife Refuge System;
        (8) a unit of the National Fish Hatchery System; or
        (9) a unit of the National Park System.
SEC. 50204. AUTHORIZATION TO MINE FEDERAL COAL.
    (a) Authorization.--In order to provide access to coal reserves in 
adjacent State or private land that without an authorization could not 
be mined economically, Federal coal reserves located in Federal land 
subject to a mining plan previously approved by the Secretary of the 
Interior as of the date of enactment of this Act and adjacent to coal 
reserves in adjacent State or private land are authorized to be mined.
    (b) Requirement.--Not later than 90 days after the date of 
enactment of this Act, the Secretary of the Interior shall, without 
substantial modification, take such steps as are necessary to authorize 
the mining of Federal land described in subsection (a).
    (c) NEPA.--Nothing in this section shall prevent a review under the 
National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.).

                           Subtitle C--Lands

SEC. 50301. TIMBER SALES AND LONG-TERM CONTRACTING FOR THE FOREST 
SERVICE AND THE BUREAU OF LAND MANAGEMENT.
    (a) Forest Service.--
        (1) Definitions.--In this subsection:
            (A) Forest plan.--The term ``forest plan'' means a land and 
        resource management plan prepared by the Secretary for a unit 
        of the National Forest System pursuant to section 6 of the 
        Forest and Rangeland Renewable Resources Planning Act of 1974 
        (16 U.S.C. 1604).
            (B) National forest system.--
                (i) In general.--The term ``National Forest System'' 
            means land of the National Forest System (as defined in 
            section 11(a) of the Forest and Rangeland Renewable 
            Resources Planning Act of 1974 (16 U.S.C. 1609(a))) 
            administered by the Secretary.
                (ii) Exclusions.--The term ``National Forest System'' 
            does not include any forest reserve not created from the 
            public domain.
            (C) Secretary.--The term ``Secretary'' means the Secretary 
        of Agriculture, acting through the Chief of the Forest Service.
        (2) Timber sales on public domain forest reserves.--
            (A) In general.--For each of fiscal years 2026 through 
        2034, the Secretary shall sell timber annually on National 
        Forest System land in a total quantity that is not less than 
        250,000,000 board-feet greater than the quantity of board-feet 
        sold in the previous fiscal year.
            (B) Limitation.--The timber sales under subparagraph (A) 
        shall be subject to the maximum allowable sale quantity of 
        timber or the projected timber sale quantity under the 
        applicable forest plan in effect on the date of enactment of 
        this Act.
        (3) Long-term contracting for the forest service.--
            (A) Long-term contracting.--For the period of fiscal years 
        2025 through 2034, the Secretary shall enter into not fewer 
        than 40 long-term timber sale contracts with private persons or 
        other public or private entities under subsection (a) of 
        section 14 of the National Forest Management Act of 1976 (16 
        U.S.C. 472a) for the sale of national forest materials (as 
        defined in subsection (e)(1) of that section) in the National 
        Forest System.
            (B) Contract length.--The period of a timber sale contract 
        entered into to meet the requirement under subparagraph (A) 
        shall be not less than 20 years, with options for extensions or 
        renewals, as determined by the Secretary.
            (C) Receipts.--Any monies derived from a timber sale 
        contract entered into to meet the requirements under 
        subparagraphs (A) and (B) shall be deposited in the general 
        fund of the Treasury.
    (b) Bureau of Land Management.--
        (1) Definitions.--In this subsection:
            (A) Public lands.--The term ``public lands'' has the 
        meaning given the term in section 103 of the Federal Land 
        Policy and Management Act of 1976 (43 U.S.C. 1702).
            (B) Resource management plan.--The term ``resource 
        management plan'' means a land use plan prepared for public 
        lands under section 202 of the Federal Land Policy and 
        Management Act of 1976 (43 U.S.C. 1712).
            (C) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior, acting through the Director of the Bureau of 
        Land Management.
        (2) Timber sales on public lands.--
            (A) In general.--For each of fiscal years 2026 through 
        2034, the Secretary shall sell timber annually on public lands 
        in a total quantity that is not less than 20,000,000 board-feet 
        greater than the quantity of board-feet sold in the previous 
        fiscal year.
            (B) Limitation.--The timber sales under subparagraph (A) 
        shall be subject to the applicable resource management plan in 
        effect on the date of enactment of this Act.
        (3) Long-term contracting for the bureau of land management.--
            (A) Long-term contracting.--For the period of fiscal years 
        2025 through 2034, the Secretary shall enter into not fewer 
        than 5 long-term contracts with private persons or other public 
        or private entities under section 1 of the Act of July 31, 1947 
        (commonly known as the ``Materials Act of 1947'') (61 Stat. 
        681, chapter 406; 30 U.S.C. 601), for the disposal of 
        vegetative materials described in that section on public lands.
            (B) Contract length.--The period of a contract entered into 
        to meet the requirement under subparagraph (A) shall be not 
        less than 20 years, with options for extensions or renewals, as 
        determined by the Secretary.
            (C) Receipts.--Any monies derived from a contract entered 
        into to meet the requirements under subparagraphs (A) and (B) 
        shall be deposited in the general fund of the Treasury.
SEC. 50302. RENEWABLE ENERGY FEES ON FEDERAL LAND.
    (a) Definitions.--In this section:
        (1) Annual adjustment factor.--The term ``Annual Adjustment 
    Factor'' means 3 percent.
        (2) Encumbrance factor.--The term ``Encumbrance Factor'' 
    means--
            (A) 100 percent for a solar energy generation facility; and
            (B) an amount determined by the Secretary, but not less 
        than 10 percent for a wind energy generation facility.
        (3) National forest system.--
            (A) In general.--The term ``National Forest System'' means 
        land of the National Forest System (as defined in section 11(a) 
        of the Forest and Rangeland Renewable Resources Planning Act of 
        1974 (16 U.S.C. 1609(a))) administered by the Secretary of 
        Agriculture.
            (B) Exclusion.--The term ``National Forest System'' does 
        not include any forest reserve not created from the public 
        domain.
        (4) Per-acre rate.--The term ``Per-Acre Rate'', with respect to 
    a right-of-way, means the average of the per-acre pastureland 
    rental rates published in the Cash Rents Survey by the National 
    Agricultural Statistics Service for the State in which the right-
    of-way is located over the 5 calendar-year period preceding the 
    issuance or renewal of the right-of-way.
        (5) Project.--The term ``project'' means a system described in 
    section 2801.9(a)(4) of title 43, Code of Federal Regulations (as 
    in effect on the date of enactment of this Act).
        (6) Public land.--The term ``public land'' means--
            (A) public lands (as defined in section 103 of the Federal 
        Land Policy and Management Act of 1976 (43 U.S.C. 1702)); and
            (B) National Forest System land.
        (7) Renewable energy project.--The term ``renewable energy 
    project'' means a project located on public land that uses wind or 
    solar energy to generate energy.
        (8) Right-of-way.--The term ``right-of-way'' has the meaning 
    given the term in section 103 of the Federal Land Policy and 
    Management Act of 1976 (43 U.S.C. 1702).
        (9) Secretary.--The term ``Secretary'' means--
            (A) the Secretary of the Interior, with respect to land 
        controlled or administered by the Secretary of the Interior; 
        and
            (B) the Secretary of Agriculture, with respect to National 
        Forest System land.
    (b) Acreage Rent for Wind and Solar Rights-of-way.--
        (1) In general.--Pursuant to section 504(g) of the Federal Land 
    Policy and Management Act of 1976 (43 U.S.C. 1764(g)), the 
    Secretary shall, subject to paragraph (3) and not later than 
    January 1 of each calendar year, collect from the holder of a 
    right-of-way for a renewable energy project an acreage rent in an 
    amount determined by the equation described in paragraph (2).
        (2) Calculation of acreage rent rate.--
            (A) Equation.--The amount of an acreage rent collected 
        under paragraph (1) shall be determined using the following 
        equation: Acreage rent = A <greek-e> B <greek-e> ((1 + C)\D\)).
            (B) Definitions.--For purposes of the equation described in 
        subparagraph (A):
                (i) The letter ``A'' means the Per-Acre Rate.
                (ii) The letter ``B'' means the Encumbrance Factor.
                (iii) The letter ``C'' means the Annual Adjustment 
            Factor.
                (iv) The letter ``D'' means the year in the term of the 
            right-of-way.
        (3) Payment until production.--The holder of a right-of-way for 
    a renewable energy project shall pay an acreage rent collected 
    under paragraph (1) until the date on which energy generation 
    begins.
    (c) Capacity Fees.--
        (1) In general.--The Secretary shall, subject to paragraph (3), 
    annually collect a capacity fee from the holder of a right-of-way 
    for a renewable energy project based on the amount described in 
    paragraph (2).
        (2) Calculation of capacity fee.--The amount of a capacity fee 
    collected under paragraph (1) shall be equal to the greater of--
            (A) an amount equal to the acreage rent described in 
        subsection (b); and
            (B) 3.9 percent of the gross proceeds from the sale of 
        electricity produced by the renewable energy project.
        (3) Multiple-use reduction factor.--
            (A) Application.--The holder of a right-of-way for a wind 
        energy generation project may request that the Secretary apply 
        a multiple-use reduction factor of 10-percent to the amount of 
        a capacity fee determined under paragraph (2) by submitting to 
        the Secretary an application at such time, in such manner, and 
        containing such information as the Secretary may require.
            (B) Approval.--The Secretary may approve an application 
        submitted under subparagraph (A) only if not less than 25 
        percent of the land within the area of the right-of-way is 
        authorized for use, occupancy, or development with respect to 
        an activity other than the generation of wind energy for the 
        entirety of the year in which the capacity fee is collected.
            (C) Late determination.--
                (i) In general.--If the Secretary approves an 
            application under subparagraph (B) for a wind energy 
            generation project after the date on which the holder of 
            the right-of-way for the project begins paying a capacity 
            fee, the Secretary shall apply the multiple-use reduction 
            factor described in subparagraph (A) to the capacity fee 
            for the first year beginning after the date of approval and 
            each year thereafter for the period during which the right-
            of-way remains in effect.
                (ii) Refund.--The Secretary may not refund the holder 
            of a right-of-way for the difference in the amount of a 
            capacity fee paid in a previous year.
    (d) Late Payment Fee; Termination.--
        (1) In general.--The Secretary may charge the holder of a 
    right-of-way for a renewable energy project a late payment fee if 
    the Secretary does not receive payment for the acreage rent under 
    subsection (b) or the capacity fee under subsection (c) by the date 
    that is 15 days after the date on which the payment was due.
        (2) Termination of right-of-way.--The Secretary may terminate a 
    right-of-way for a renewable energy project if the Secretary does 
    not receive payment for the acreage rent under subsection (b) or 
    the capacity fee under subsection (c) by the date that is 90 days 
    after the date on which the payment was due.
SEC. 50303. RENEWABLE ENERGY REVENUE SHARING.
    (a) Definitions.--In this section:
        (1) County.--The term ``county'' includes a parish, township, 
    borough, and any other similar, independent unit of local 
    government.
        (2) Covered land.--The term ``covered land'' means land that 
    is--
            (A) public land administered by the Secretary; and
            (B) not excluded from the development of solar or wind 
        energy under--
                (i) a land use plan; or
                (ii) other Federal law.
        (3) National forest system.--
            (A) In general.--The term ``National Forest System'' means 
        land of the National Forest System (as defined in section 11(a) 
        of the Forest and Rangeland Renewable Resources Planning Act of 
        1974 (16 U.S.C. 1609(a))) administered by the Secretary of 
        Agriculture.
            (B) Exclusion.--The term ``National Forest System'' does 
        not include any forest reserve not created from the public 
        domain.
        (4) Public land.--The term ``public land'' means--
            (A) public lands (as defined in section 103 of the Federal 
        Land Policy and Management Act of 1976 (43 U.S.C. 1702)); and
            (B) National Forest System land.
        (5) Renewable energy project.--The term ``renewable energy 
    project'' means a system described in section 2801.9(a)(4) of title 
    43, Code of Federal Regulations (as in effect on the date of 
    enactment of this Act), located on covered land that uses wind or 
    solar energy to generate energy.
        (6) Secretary.--The term ``Secretary'' means--
            (A) the Secretary of the Interior, with respect to land 
        controlled or administered by the Secretary of the Interior; 
        and
            (B) the Secretary of Agriculture, with respect to National 
        Forest System land.
    (b) Disposition of Revenue.--
        (1) Disposition of revenues.--Beginning on January 1, 2026, the 
    amounts collected from a renewable energy project as bonus bids, 
    rentals, fees, or other payments under a right-of-way, permit, 
    lease, or other authorization shall--
            (A) be deposited in the general fund of the Treasury; and
            (B) without further appropriation or fiscal year 
        limitation, be allocated as follows:
                (i) 25 percent shall be paid from amounts in the 
            general fund of the Treasury to the State within the 
            boundaries of which the revenue is derived.
                (ii) 25 percent shall be paid from amounts in the 
            general fund of the Treasury to each county in a State 
            within the boundaries of which the revenue is derived, to 
            be allocated among each applicable county based on the 
            percentage of county land from which the revenue is 
            derived.
        (2) Payments to states and counties.--
            (A) In general.--Amounts paid to States and counties under 
        paragraph (1) shall be used in accordance with the requirements 
        of section 35 of the Mineral Leasing Act (30 U.S.C. 191).
            (B) Payments in lieu of taxes.--A payment to a county under 
        paragraph (1) shall be in addition to a payment in lieu of 
        taxes received by the county under chapter 69 of title 31, 
        United States Code.
            (C) Timing.--The amounts required to be paid under 
        paragraph (1)(B) for an applicable fiscal year shall be made 
        available in the fiscal year that immediately follows the 
        fiscal year for which the amounts were collected.
SEC. 50304. RESCISSION OF NATIONAL PARK SERVICE AND BUREAU OF LAND 
MANAGEMENT FUNDS.
    There are rescinded the unobligated balances of amounts made 
available by the following sections of Public Law 117-169 (commonly 
known as the ``Inflation Reduction Act of 2022'') (136 Stat. 1818):
        (1) Section 50221 (136 Stat. 2052).
        (2) Section 50222 (136 Stat. 2052).
        (3) Section 50223 (136 Stat. 2052).
SEC. 50305. CELEBRATING AMERICA'S 250TH ANNIVERSARY.
    In addition to amounts otherwise available, there is appropriated 
to the Secretary of the Interior (acting through the Director of the 
National Park Service) for fiscal year 2025, out of any money in the 
Treasury not otherwise appropriated, $150,000,000 for events, 
celebrations, and activities surrounding the observance and 
commemoration of the 250th anniversary of the founding of the United 
States, to remain available through fiscal year 2028.

                           Subtitle D--Energy

SEC. 50401. STRATEGIC PETROLEUM RESERVE.
    (a) Energy Policy and Conservation Act Definitions.--In this 
section, the terms ``related facility'', ``storage facility'', and 
``Strategic Petroleum Reserve'' have the meanings given those terms in 
section 152 of the Energy Policy and Conservation Act (42 U.S.C. 6232).
    (b) Appropriations.--In addition to amounts otherwise available, 
there is appropriated to the Department of Energy for fiscal year 2025, 
out of any money in the Treasury not otherwise appropriated, to remain 
available until September 30, 2029--
        (1) $218,000,000 for maintenance of, including repairs to, 
    storage facilities and related facilities of the Strategic 
    Petroleum Reserve; and
        (2) $171,000,000 to acquire, by purchase, petroleum products 
    for storage in the Strategic Petroleum Reserve.
    (c) Repeal of Strategic Petroleum Reserve Drawdown and Sale 
Mandate.--Section 20003 of Public Law 115-97 (42 U.S.C. 6241 note) is 
repealed.
SEC. 50402. REPEALS; RESCISSIONS.
    (a) Repeal and Rescission.--Section 50142 of Public Law 117-169 
(136 Stat. 2044) (commonly known as the ``Inflation Reduction Act of 
2022'') is repealed and the unobligated balance of amounts made 
available under that section (as in effect on the day before the date 
of enactment of this Act) is rescinded.
    (b) Rescissions.--
        (1) In general.--The unobligated balances of amounts made 
    available under the sections described in paragraph (2) are 
    rescinded.
        (2) Sections described.--The sections referred to in paragraph 
    (1) are the following sections of Public Law 117-169 (commonly 
    known as the ``Inflation Reduction Act of 2022''):
            (A) Section 50123 (42 U.S.C. 18795b).
            (B) Section 50141 (136 Stat. 2042).
            (C) Section 50144 (136 Stat. 2044).
            (D) Section 50145 (136 Stat. 2045).
            (E) Section 50151 (42 U.S.C. 18715).
            (F) Section 50152 (42 U.S.C. 18715a).
            (G) Section 50153 (42 U.S.C. 18715b).
            (H) Section 50161 (42 U.S.C. 17113b).
SEC. 50403. ENERGY DOMINANCE FINANCING.
    (a) In General.--Section 1706 of the Energy Policy Act of 2005 (42 
U.S.C. 16517) is amended--
        (1) in subsection (a)--
            (A) in paragraph (1), by striking ``or'' at the end;
            (B) in paragraph (2), by striking ``avoid'' and all that 
        follows through the period at the end and inserting ``increase 
        capacity or output; or''; and
            (C) by adding at the end the following:
        ``(3) support or enable the provision of known or forecastable 
    electric supply at time intervals necessary to maintain or enhance 
    grid reliability or other system adequacy needs.'';
        (2) by striking subsection (c);
        (3) by redesignating subsections (d) through (f) as subsections 
    (c) through (e), respectively;
        (4) in subsection (c) (as so redesignated)--
            (A) in paragraph (1), by adding ``and'' at the end;
            (B) by striking paragraph (2); and
            (C) by redesignating paragraph (3) as paragraph (2);
        (5) in subsection (e) (as so redesignated), by striking ``for--
    '' in the matter preceding paragraph (1) and all that follows 
    through the period at the end of paragraph (2) and inserting ``for 
    enabling the identification, leasing, development, production, 
    processing, transportation, transmission, refining, and generation 
    needed for energy and critical minerals.''; and
        (6) by adding at the end the following:
    ``(f) Funding.--
        ``(1) In general.--In addition to amounts otherwise available, 
    there is appropriated to the Secretary for fiscal year 2025, out of 
    any money in the Treasury not otherwise appropriated, 
    $1,000,000,000, to remain available through September 30, 2028, to 
    carry out activities under this section.
        ``(2) Administrative costs.--Of the amount made available under 
    paragraph (1), the Secretary shall use not more than 3 percent for 
    administrative expenses.''.
    (b) Commitment Authority.--Section 50144(b) of Public Law 117-169 
(commonly known as the ``Inflation Reduction Act of 2022'') (136 Stat. 
2045) is amended by striking ``2026'' and inserting ``2028''.
SEC. 50404. TRANSFORMATIONAL ARTIFICIAL INTELLIGENCE MODELS.
    (a) Definitions.--In this section:
        (1) American science cloud.--The term ``American science 
    cloud'' means a system of United States government, academic, and 
    private sector programs and infrastructures utilizing cloud 
    computing technologies to facilitate and support scientific 
    research, data sharing, and computational analysis across various 
    disciplines while ensuring compliance with applicable legal, 
    regulatory, and privacy standards.
        (2) Artificial intelligence.--The term ``artificial 
    intelligence'' has the meaning given the term in section 5002 of 
    the National Artificial Intelligence Initiative Act of 2020 (15 
    U.S.C. 9401).
    (b) Transformational Models.--The Secretary of Energy shall--
        (1) mobilize National Laboratories to partner with industry 
    sectors within the United States to curate the scientific data of 
    the Department of Energy across the National Laboratory complex so 
    that the data is structured, cleaned, and preprocessed in a way 
    that makes it suitable for use in artificial intelligence and 
    machine learning models; and
        (2) initiate seed efforts for self-improving artificial 
    intelligence models for science and engineering powered by the data 
    described in paragraph (1).
    (c) Uses.--
        (1) Microelectronics.--The curated data described in subsection 
    (b)(1) may be used to rapidly develop next-generation 
    microelectronics that have greater capabilities beyond Moore's law 
    while requiring lower energy consumption.
        (2) New energy technologies.--The artificial intelligence 
    models developed under subsection (b)(2) shall be provided to the 
    scientific community through the American science cloud to 
    accelerate innovation in discovery science and engineering for new 
    energy technologies.
    (d) Appropriations.--There is appropriated, out of any funds in the 
Treasury not otherwise appropriated, $150,000,000, to remain available 
through September 30, 2026, to carry out this section.

                           Subtitle E--Water

SEC. 50501. WATER CONVEYANCE AND SURFACE WATER STORAGE ENHANCEMENT.
    In addition to amounts otherwise available, there is appropriated 
to the Secretary of the Interior, acting through the Commissioner of 
Reclamation, for fiscal year 2025, out of any funds in the Treasury not 
otherwise appropriated, $1,000,000,000, to remain available through 
September 30, 2034, for construction and associated activities that 
restore or increase the capacity or use of existing conveyance 
facilities constructed by the Bureau of Reclamation or for construction 
and associated activities that increase the capacity of existing Bureau 
of Reclamation surface water storage facilities, in a manner as 
determined by the Secretary of the Interior, acting through the 
Commissioner of Reclamation:  Provided, That, for the purposes of 
section 203 of the Reclamation Reform Act of 1982 (43 U.S.C. 390cc) or 
section 3404(a) of the Reclamation Projects Authorization and 
Adjustment Act of 1992 (Public Law 102-575; 106 Stat. 4708), a contract 
or agreement entered into pursuant to this section shall not be treated 
as a new or amended contract:  Provided further, That none of the funds 
provided under this section shall be reimbursable or subject to 
matching or cost-sharing requirements.

          TITLE VI--COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS

SEC. 60001. RESCISSION OF FUNDING FOR CLEAN HEAVY-DUTY VEHICLES.
    The unobligated balances of amounts made available to carry out 
section 132 of the Clean Air Act (42 U.S.C. 7432) are rescinded.
SEC. 60002. REPEAL OF GREENHOUSE GAS REDUCTION FUND.
    Section 134 of the Clean Air Act (42 U.S.C. 7434) is repealed and 
the unobligated balances of amounts made available to carry out that 
section (as in effect on the day before the date of enactment of this 
Act) are rescinded.
SEC. 60003. RESCISSION OF FUNDING FOR DIESEL EMISSIONS REDUCTIONS.
    The unobligated balances of amounts made available to carry out 
section 60104 of Public Law 117-169 (136 Stat. 2067) are rescinded.
SEC. 60004. RESCISSION OF FUNDING TO ADDRESS AIR POLLUTION.
    The unobligated balances of amounts made available to carry out 
section 60105 of Public Law 117-169 (136 Stat. 2067) are rescinded.
SEC. 60005. RESCISSION OF FUNDING TO ADDRESS AIR POLLUTION AT SCHOOLS.
    The unobligated balances of amounts made available to carry out 
section 60106 of Public Law 117-169 (136 Stat. 2069) are rescinded.
SEC. 60006. RESCISSION OF FUNDING FOR THE LOW EMISSIONS ELECTRICITY 
PROGRAM.
    The unobligated balances of amounts made available to carry out 
section 135 of the Clean Air Act (42 U.S.C. 7435) are rescinded.
SEC. 60007. RESCISSION OF FUNDING FOR SECTION 211(O) OF THE CLEAN AIR 
ACT.
    The unobligated balances of amounts made available to carry out 
section 60108 of Public Law 117-169 (136 Stat. 2070) are rescinded.
SEC. 60008. RESCISSION OF FUNDING FOR IMPLEMENTATION OF THE AMERICAN 
INNOVATION AND MANUFACTURING ACT.
    The unobligated balances of amounts made available to carry out 
section 60109 of Public Law 117-169 (136 Stat. 2071) are rescinded.
SEC. 60009. RESCISSION OF FUNDING FOR ENFORCEMENT TECHNOLOGY AND PUBLIC 
INFORMATION.
    The unobligated balances of amounts made available to carry out 
section 60110 of Public Law 117-169 (136 Stat. 2071) are rescinded.
SEC. 60010. RESCISSION OF FUNDING FOR GREENHOUSE GAS CORPORATE 
REPORTING.
    The unobligated balances of amounts made available to carry out 
section 60111 of Public Law 117-169 (136 Stat. 2072) are rescinded.
SEC. 60011. RESCISSION OF FUNDING FOR ENVIRONMENTAL PRODUCT DECLARATION 
ASSISTANCE.
    The unobligated balances of amounts made available to carry out 
section 60112 of Public Law 117-169 (42 U.S.C. 4321 note; 136 Stat. 
2072) are rescinded.
SEC. 60012. RESCISSION OF FUNDING FOR METHANE EMISSIONS AND WASTE 
REDUCTION INCENTIVE PROGRAM FOR PETROLEUM AND NATURAL GAS SYSTEMS.
    (a) Rescission.--The unobligated balances of amounts made available 
to carry out subsections (a) and (b) of section 136 of the Clean Air 
Act (42 U.S.C. 7436) are rescinded.
    (b) Period.--Section 136(g) of the Clean Air Act (42 U.S.C. 
7436(g)) is amended by striking ``calendar year 2024'' and inserting 
``calendar year 2034''.
SEC. 60013. RESCISSION OF FUNDING FOR GREENHOUSE GAS AIR POLLUTION 
PLANS AND IMPLEMENTATION GRANTS.
    The unobligated balances of amounts made available to carry out 
section 137 of the Clean Air Act (42 U.S.C. 7437) are rescinded.
SEC. 60014. RESCISSION OF FUNDING FOR ENVIRONMENTAL PROTECTION AGENCY 
EFFICIENT, ACCURATE, AND TIMELY REVIEWS.
    The unobligated balances of amounts made available to carry out 
section 60115 of Public Law 117-169 (136 Stat. 2077) are rescinded.
SEC. 60015. RESCISSION OF FUNDING FOR LOW-EMBODIED CARBON LABELING FOR 
CONSTRUCTION MATERIALS.
    The unobligated balances of amounts made available to carry out 
section 60116 of Public Law 117-169 (42 U.S.C. 4321 note; 136 Stat. 
2077) are rescinded.
SEC. 60016. RESCISSION OF FUNDING FOR ENVIRONMENTAL AND CLIMATE JUSTICE 
BLOCK GRANTS.
    The unobligated balances of amounts made available to carry out 
section 138 of the Clean Air Act (42 U.S.C. 7438) are rescinded.
SEC. 60017. RESCISSION OF FUNDING FOR ESA RECOVERY PLANS.
    The unobligated balances of amounts made available to carry out 
section 60301 of Public Law 117-169 (136 Stat. 2079) are rescinded.
SEC. 60018. RESCISSION OF FUNDING FOR ENVIRONMENTAL AND CLIMATE DATA 
COLLECTION.
    The unobligated balances of amounts made available to carry out 
section 60401 of Public Law 117-169 (136 Stat. 2079) are rescinded.
SEC. 60019. RESCISSION OF NEIGHBORHOOD ACCESS AND EQUITY GRANT PROGRAM.
    The unobligated balances of amounts made available to carry out 
section 177 of title 23, United States Code, are rescinded.
SEC. 60020. RESCISSION OF FUNDING FOR FEDERAL BUILDING ASSISTANCE.
    The unobligated balances of amounts made available to carry out 
section 60502 of Public Law 117-169 (136 Stat. 2083) are rescinded.
SEC. 60021. RESCISSION OF FUNDING FOR LOW-CARBON MATERIALS FOR FEDERAL 
BUILDINGS.
    The unobligated balances of amounts made available to carry out 
section 60503 of Public Law 117-169 (136 Stat. 2083) are rescinded.
SEC. 60022. RESCISSION OF FUNDING FOR GSA EMERGING AND SUSTAINABLE 
TECHNOLOGIES.
    The unobligated balances of amounts made available to carry out 
section 60504 of Public Law 117-169 (136 Stat. 2083) are rescinded.
SEC. 60023. RESCISSION OF ENVIRONMENTAL REVIEW IMPLEMENTATION FUNDS.
    The unobligated balances of amounts made available to carry out 
section 178 of title 23, United States Code, are rescinded.
SEC. 60024. RESCISSION OF LOW-CARBON TRANSPORTATION MATERIALS GRANTS.
    The unobligated balances of amounts made available to carry out 
section 179 of title 23, United States Code, are rescinded.
SEC. 60025. JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS.
    (a) In General.--In addition to amounts otherwise available, there 
is appropriated for fiscal year 2025, out of any money in the Treasury 
not otherwise appropriated, $256,657,000, to remain available until 
September 30, 2029, for necessary expenses for capital repair, 
restoration, maintenance backlog, and security structures of the 
building and site of the John F. Kennedy Center for the Performing 
Arts.
    (b) Administrative Costs.--Of the amounts made available under 
subsection (a), not more than 3 percent may be used for administrative 
costs necessary to carry out this section.
SEC. 60026. PROJECT SPONSOR OPT-IN FEES FOR ENVIRONMENTAL REVIEWS.
    Title I of the National Environmental Policy Act of 1969 (42 U.S.C. 
4331 et seq.) is amended by adding at the end the following:
    ``SEC. 112. PROJECT SPONSOR OPT-IN FEES FOR ENVIRONMENTAL REVIEWS.
    ``(a) Process.--
        ``(1) Project sponsor.--A project sponsor that intends to pay a 
    fee under this section for the preparation, or supervision of the 
    preparation, of an environmental assessment or environmental impact 
    statement for a project shall submit to the Council--
            ``(A) a description of the project; and
            ``(B) a declaration of whether the project sponsor intends 
        to prepare the environmental assessment or environmental impact 
        statement under section 107(f).
        ``(2) Council on environmental quality.--Not later than 15 days 
    after the date on which the Council receives information described 
    in paragraph (1) from a project sponsor, the Council shall provide 
    to the project sponsor notice of the amount of the fee to be paid 
    under this section, as determined under subsection (b).
        ``(3) Payment of fee.--A project sponsor may pay a fee under 
    this section after receipt of the notice described in paragraph 
    (2).
        ``(4) Deadline for environmental reviews for which a fee is 
    paid.--Notwithstanding section 107(g)(1)--
            ``(A) an environmental assessment for which a fee is paid 
        under this section shall be completed not later than 180 days 
        after the date on which the fee is paid; and
            ``(B) an environmental impact statement for which a fee is 
        paid under this section shall be completed not later than 1 
        year after the date of publication of the notice of intent to 
        prepare the environmental impact statement.
    ``(b) Fee Amount.--The amount of a fee under this section shall 
be--
        ``(1) 125 percent of the anticipated costs to prepare the 
    environmental assessment or environmental impact statement; and
        ``(2) in the case of an environmental assessment or 
    environmental impact statement to be prepared in whole or in part 
    by a project sponsor under section 107(f), 125 percent of the 
    anticipated costs to supervise preparation of, and, as applicable, 
    prepare, the environmental assessment or environmental impact 
    statement.''.

                           TITLE VII--FINANCE
                            Subtitle A--Tax

SEC. 70001. REFERENCES TO THE INTERNAL REVENUE CODE OF 1986, ETC.
    (a) References.--Except as otherwise expressly provided, whenever 
in this title, an amendment or repeal is expressed in terms of an 
amendment to, or repeal of, a section or other provision, the reference 
shall be considered to be made to a section or other provision of the 
Internal Revenue Code of 1986.
    (b) Certain Rules Regarding Effect of Rate Changes Not 
Applicable.--Section 15 of the Internal Revenue Code of 1986 shall not 
apply to any change in rate of tax by reason of any provision of, or 
amendment made by, this title.

CHAPTER 1--PROVIDING PERMANENT TAX RELIEF FOR MIDDLE-CLASS FAMILIES AND 
                                WORKERS

SEC. 70101. EXTENSION AND ENHANCEMENT OF REDUCED RATES.
    (a) In General.--Section 1(j) is amended--
        (1) in paragraph (1), by striking ``, and before January 1, 
    2026'', and
        (2) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Inflation Adjustment.--Section 1(j)(3)(B)(i) is amended by 
inserting ``solely for purposes of determining the dollar amounts at 
which any rate bracket higher than 12 percent ends and at which any 
rate bracket higher than 22 percent begins,'' before ``subsection 
(f)(3)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70102. EXTENSION AND ENHANCEMENT OF INCREASED STANDARD DEDUCTION.
    (a) In General.--Section 63(c)(7) is amended--
        (1) by striking ``, and before January 1, 2026'' in the matter 
    preceding subparagraph (A), and
        (2) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Additional Increase in Standard Deduction.--Paragraph (7) of 
section 63(c) is amended--
        (1) by striking ``$18,000'' both places it appears in 
    subparagraphs (A)(i) and (B)(ii) and inserting ``$23,625'',
        (2) by striking ``$12,000'' both places it appears in 
    subparagraphs (A)(ii) and (B)(ii) and inserting ``$15,750'',
        (3) by striking ``2018'' in subparagraph (B)(ii) and inserting 
    ``2025'', and
        (4) by striking ``2017'' in subparagraph (B)(ii)(II) and 
    inserting ``2024''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
SEC. 70103. TERMINATION OF DEDUCTION FOR PERSONAL EXEMPTIONS OTHER THAN 
TEMPORARY SENIOR DEDUCTION.
    (a) In General.--Section 151(d)(5) is amended--
        (1) by striking ``2018 through 2025'' in the heading and 
    inserting ``beginning after 2017'',
        (2) by striking ``, and before January 1, 2026'', and
        (3) by adding at the end the following new subparagraph:
            ``(C) Deduction for seniors.--
                ``(i) In general.--In the case of a taxable year 
            beginning before January 1, 2029, there shall be allowed a 
            deduction in an amount equal to $6,000 for each qualified 
            individual with respect to the taxpayer.
                ``(ii) Qualified individual.--For purposes of clause 
            (i), the term `qualified individual' means--

                    ``(I) the taxpayer, if the taxpayer has attained 
                age 65 before the close of the taxable year, and
                    ``(II) in the case of a joint return, the 
                taxpayer's spouse, if such spouse has attained age 65 
                before the close of the taxable year.

                ``(iii) Limitation based on modified adjusted gross 
            income.--

                    ``(I) In general.--In the case of any taxpayer for 
                any taxable year, the $6,000 amount in clause (i) shall 
                be reduced (but not below zero) by 6 percent of so much 
                of the taxpayer's modified adjusted gross income as 
                exceeds $75,000 ($150,000 in the case of a joint 
                return).
                    ``(II) Modified adjusted gross income.--For 
                purposes of this clause, the term `modified adjusted 
                gross income' means the adjusted gross income of the 
                taxpayer for the taxable year increased by any amount 
                excluded from gross income under section 911, 931, or 
                933.

                ``(iv) Social security number required.--

                    ``(I) In general.--Clause (i) shall not apply with 
                respect to a qualified individual unless the taxpayer 
                includes such qualified individual's social security 
                number on the return of tax for the taxable year.
                    ``(II) Social security number.--For purposes of 
                subclause (I), the term `social security number' has 
                the meaning given such term in section 24(h)(7).

                ``(v) Married individuals.--If the taxpayer is a 
            married individual (within the meaning of section 7703), 
            this subparagraph shall apply only if the taxpayer and the 
            taxpayer's spouse file a joint return for the taxable 
            year.''.
    (b) Omission of Correct Social Security Number Treated as 
Mathematical or Clerical Error.--Section 6213(g)(2) is amended by 
striking ``and'' at the end of subparagraph (U), by striking the period 
at the end of subparagraph (V) and inserting ``, and'', and by 
inserting after subparagraph (V) the following new subparagraph:
            ``(W) an omission of a correct social security number 
        required under section 151(d)(5)(C) (relating to deduction for 
        seniors).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
SEC. 70104. EXTENSION AND ENHANCEMENT OF INCREASED CHILD TAX CREDIT.
    (a) Extension and Increase of Expanded Child Tax Credit.--Section 
24(h) is amended--
        (1) in paragraph (1), by striking ``, and before January 1, 
    2026'',
        (2) in paragraph (2), by striking ``$2,000'' and inserting 
    ``$2,200'', and
        (3) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Social Security Number Required.--Section 24(h)(7) is amended 
to read as follows:
        ``(7) Social security number required.--
            ``(A) In general.--No credit shall be allowed under this 
        section to a taxpayer with respect to any qualifying child 
        unless the taxpayer includes on the return of tax for the 
        taxable year--
                ``(i) the taxpayer's social security number (or, in the 
            case of a joint return, the social security number of at 
            least 1 spouse), and
                ``(ii) the social security number of such qualifying 
            child.
            ``(B) Social security number.--For purposes of this 
        paragraph, the term `social security number' means a social 
        security number issued to an individual by the Social Security 
        Administration, but only if the social security number is 
        issued--
                ``(i) to a citizen of the United States or pursuant to 
            subclause (I) (or that portion of subclause (III) that 
            relates to subclause (I)) of section 205(c)(2)(B)(i) of the 
            Social Security Act, and
                ``(ii) before the due date for such return.''.
    (c) Inflation Adjustments.--Section 24(i) is amended to read as 
follows:
    ``(i) Inflation Adjustments.--
        ``(1) Maximum amount of refundable credit.--In the case of a 
    taxable year beginning after 2024, the $1,400 amount in subsection 
    (h)(5) 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 `2017' for `2016' in 
        subparagraph (A)(ii) thereof.
        ``(2) Special rule for adjustment of credit amount.--In the 
    case of a taxable year beginning after 2025, the $2,200 amount in 
    subsection (h)(2) 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 `2024' for `2016' in 
        subparagraph (A)(ii) thereof.
        ``(3) Rounding.--If any increase under this subsection is not a 
    multiple of $100, such increase shall be rounded to the next lowest 
    multiple of $100.''.
    (d) Conforming Amendment.--Section 24(h)(5) is amended to read as 
follows:
        ``(5) Maximum amount of refundable credit.--The amount 
    determined under subsection (d)(1)(A) with respect to any 
    qualifying child shall not exceed $1,400, and such subsection shall 
    be applied without regard to paragraph (4) of this subsection.''.
    (e) Omission of Correct Social Security Number Treated as 
Mathematical or Clerical Error.--Section 6213(g)(2)(I) is amended by 
striking ``section 24(e)'' and inserting ``section 24''.
    (f) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
SEC. 70105. EXTENSION AND ENHANCEMENT OF DEDUCTION FOR QUALIFIED 
BUSINESS INCOME.
    (a) Increase in Taxable Income Limitation Phase-in Amounts.--
        (1) In general.--Subparagraph (B) of section 199A(b)(3) is 
    amended by striking ``$50,000 ($100,000 in the case of a joint 
    return)'' each place it appears and inserting ``$75,000 ($150,000 
    in the case of a joint return)''.
        (2) Conforming amendment.--Paragraph (3) of section 199A(d) is 
    amended by striking ``$50,000 ($100,000 in the case of a joint 
    return)'' each place it appears and inserting ``$75,000 ($150,000 
    in the case of a joint return)''.
    (b) Minimum Deduction for Active Qualified Business Income.--
        (1) In general.--Subsection (i) of section 199A is amended to 
    read as follows:
    ``(i) Minimum Deduction for Active Qualified Business Income.--
        ``(1) In general.--In the case of an applicable taxpayer for 
    any taxable year, the deduction allowed under subsection (a) for 
    the taxable year shall be equal to the greater of--
            ``(A) the amount of such deduction determined without 
        regard to this subsection, or
            ``(B) $400.
        ``(2) Applicable taxpayer.--For purposes of this subsection--
            ``(A) In general.--The term `applicable taxpayer' means, 
        with respect to any taxable year, a taxpayer whose aggregate 
        qualified business income with respect to all active qualified 
        trades or businesses of the taxpayer for such taxable year is 
        at least $1,000.
            ``(B) Active qualified trade or business.--The term `active 
        qualified trade or business' means, with respect to any 
        taxpayer for any taxable year, any qualified trade or business 
        of the taxpayer in which the taxpayer materially participates 
        (within the meaning of section 469(h)).
        ``(3) Inflation adjustment.--In the case of any taxable year 
    beginning after 2026, the $400 amount in paragraph (1)(B) and the 
    $1,000 amount in paragraph (2)(A) shall each 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 2025' for 
        `calendar year 2016' in subparagraph (A)(ii) thereof.
    If any increase under this paragraph is not a multiple of $5, such 
    increase shall be rounded to the nearest multiple of $5.''.
        (2) Conforming amendment.--Section 199A(a) is amended by 
    inserting ``except as provided in subsection (i),'' before 
    ``there''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70106. EXTENSION AND ENHANCEMENT OF INCREASED ESTATE AND GIFT TAX 
EXEMPTION AMOUNTS.
    (a) In General.--Section 2010(c)(3) is amended--
        (1) in subparagraph (A) by striking ``$5,000,000'' and 
    inserting ``$15,000,000'',
        (2) in subparagraph (B)--
            (A) in the matter preceding clause (i), by striking 
        ``2011'' and inserting ``2026'', and
            (B) in clause (ii), by striking ``calendar year 2010'' and 
        inserting ``calendar year 2025'', and
        (3) by striking subparagraph (C).
    (b) Effective Date.--The amendments made by this section shall 
apply to estates of decedents dying and gifts made after December 31, 
2025.
SEC. 70107. EXTENSION OF INCREASED ALTERNATIVE MINIMUM TAX EXEMPTION 
AMOUNTS AND MODIFICATION OF PHASEOUT THRESHOLDS.
    (a) In General.--Section 55(d)(4) is amended--
        (1) in subparagraph (A), by striking ``, and before January 1, 
    2026'', and
        (2) by striking ``and Before 2026'' in the heading.
    (b) Modification of Inflation Adjustment.--Section 55(d)(4)(B) is 
amended--
        (1) by striking ``2018'' and inserting ``2018 (2026, in the 
    case of the $1,000,000 amount in subparagraph (A)(ii)(I))'', and
        (2) by striking ``determined by substituting `calendar year 
    2017' for `calendar year 2016' in subparagraph (A)(ii) thereof.'' 
    and inserting ``determined by substituting for `calendar year 2016' 
    in subparagraph (A)(ii) thereof--
        ``(1) `calendar year 2017', in the case of the $109,400 amount 
    in subparagraph (A)(i)(I) and the $70,300 amount in subparagraph 
    (A)(i)(II), and
        ``(2) `calendar year 2025', in the case of the $1,000,000 
    amount in subparagraph (A)(ii)(I).''.
    (c) Modification of Phaseout Amount.--Section 55(d)(4)(A)(ii) is 
amended by striking ``and'' at the end of subclause (II), and by adding 
at the end the following new subclause:

                    ``(IV) by substituting `50 percent' for `25 
                percent', and''.

    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70108. EXTENSION AND MODIFICATION OF LIMITATION ON DEDUCTION FOR 
QUALIFIED RESIDENCE INTEREST.
    (a) In General.--Section 163(h)(3)(F) is amended--
        (1) in clause (i)--
            (A) by striking ``, and before January 1, 2026'',
            (B) by redesignating subclauses (III) and (IV) as 
        subclauses (IV) and (V), respectively,
            (C) by striking ``subclause (III)'' in subclause (V), as so 
        redesignated, and inserting ``subclause (IV)'', and
            (D) by inserting after subclause (II) the following new 
        subclause:

                    ``(III) Mortgage insurance premiums treated as 
                interest.--Clause (iv) of subparagraph (E) shall not 
                apply.'',

        (2) by striking clause (ii) and redesignating clauses (iii) and 
    (iv) as clauses (ii) and (iii), respectively, and
        (3) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70109. EXTENSION AND MODIFICATION OF LIMITATION ON CASUALTY LOSS 
DEDUCTION.
    (a) In General.--Section 165(h)(5) is amended--
        (1) in subparagraph (A), by striking ``, and before January 1, 
    2026'', and
        (2) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Extension to State Declared Disasters.--
        (1) In general.--Subparagraph (A) of section 165(h)(5), as 
    amended by subsection (a), is further amended by striking 
    ``(i)(5))'' and inserting ``(i)(5)) or a State declared disaster''.
        (2) Exception related to personal casualty gains.--Clause (i) 
    of section 165(h)(5)(B) is amended by striking ``(as so defined)'' 
    and inserting ``(as so defined) or a State declared disaster''.
        (3) State declared disaster.--Paragraph (5) of section 165(h) 
    is amended by adding at the end the following new subparagraph:
            ``(C) State declared disaster.--For purposes of this 
        paragraph--
                ``(i) In general.--The term `State declared disaster' 
            means, with respect to any State, any natural catastrophe 
            (including any hurricane, tornado, storm, high water, wind-
            driven water, tidal wave, tsunami, earthquake, volcanic 
            eruption, landslide, mudslide, snowstorm, or drought), or, 
            regardless of cause, any fire, flood, or explosion, in any 
            part of the State, which in the determination of the 
            Governor of such State (or the Mayor, in the case of the 
            District of Columbia) and the Secretary causes damage of 
            sufficient severity and magnitude to warrant the 
            application of the rules of this section.
                ``(ii) State.--The term `State' includes the District 
            of Columbia, the Commonwealth of Puerto Rico, the Virgin 
            Islands, Guam, American Samoa, and the Commonwealth of the 
            Northern Mariana Islands.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70110. TERMINATION OF MISCELLANEOUS ITEMIZED DEDUCTIONS OTHER THAN 
EDUCATOR EXPENSES.
    (a) In General.--Section 67(g) is amended--
        (1) by striking ``, and before January 1, 2026'', and
        (2) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Deduction for Educator Expenses.--
        (1) In general.--Section 67(b) is amended by striking ``and'' 
    at the end of paragraph (11), by striking the period at the end of 
    paragraph (12) and inserting ``, and'', and by adding at the end 
    the following new paragraph:
        ``(13) the deductions allowed by section 162 for educator 
    expenses (as defined in subsection (g)).''.
        (2) Inclusion of coaches and certain nonathletic instructional 
    equipment.--Section 67 is amended by redesignating subsection (g), 
    as amended by this section, as subsection (h), and by inserting 
    after subsection (f) the following new section:
    ``(g) Educator Expenses.--For purposes of subsection (b)(13), the 
term `educator expenses' means expenses of a type which would be 
described in section 62(a)(2)(D) if--
        ``(1) such section were applied--
            ``(A) without regard to the dollar limitation,
            ``(B) without regard to `(other than nonathletic supplies 
        for courses of instruction in health or physical education)' in 
        clause (ii) thereof, and
            ``(C) by substituting `as part of instructional activity' 
        for `in the classroom' in clause (ii) thereof, and
        ``(2) section 62(d)(1)(A) were applied by inserting `, 
    interscholastic sports administrator or coach,' after 
    `counselor'.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70111. LIMITATION ON TAX BENEFIT OF ITEMIZED DEDUCTIONS.
    (a) In General.--Section 68 is amended to read as follows:
    ``(a) In General.--In the case of an individual, the amount of the 
itemized deductions otherwise allowable for the taxable year 
(determined without regard to this section) shall be reduced by \2/37\ 
of the lesser of--
        ``(1) such amount of itemized deductions, or
        ``(2) so much of the taxable income of the taxpayer for the 
    taxable year (determined without regard to this section and 
    increased by such amount of itemized deductions) as exceeds the 
    dollar amount at which the 37 percent rate bracket under section 1 
    begins with respect to the taxpayer.
    ``(b) Coordination With Other Limitations.--This section shall be 
applied after the application of any other limitation on the allowance 
of any itemized deduction.''.
    (b) Limitation Not Applicable to Determination of Deduction for 
Qualified Business Income.--
        (1) In general.--Section 199A(e)(1) is amended by inserting 
    ``without regard to section 68 and'' after ``shall be computed''.
        (2) Patrons of specified agricultural and horticultural 
    cooperatives.--Section 199A(g)(2)(B) is amended by inserting 
    ``section 68 or'' after ``without regard to''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70112. EXTENSION AND MODIFICATION OF QUALIFIED TRANSPORTATION 
FRINGE BENEFITS.
    (a) In General.--Section 132(f) is amended--
        (1) by striking subparagraph (D) of paragraph (1),
        (2) in paragraph (2), by inserting ``and'' at the end of 
    subparagraph (A), by striking ``, and'' at the end of subparagraph 
    (B) and inserting a period, and by striking subparagraph (C),
        (3) by striking ``(other than a qualified bicycle commuting 
    reimbursement)'' in paragraph (4),
        (4) by striking subparagraph (F) of paragraph (5), and
        (5) by striking paragraph (8).
    (b) Inflation Adjustment.--Clause (ii) of section 132(f)(6)(A) is 
amended by striking ``1998'' in clause (ii) and inserting ``1997''.
    (c) Coordination With Disallowance of Certain Expenses.--Subsection 
(l) of section 274 is amended--
        (1) by striking ``Benefits.--'' and all that follows through 
    ``No deduction'' and inserting ``Benefits.--No deduction'', and
        (2) by striking paragraph (2).
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70113. EXTENSION AND MODIFICATION OF LIMITATION ON DEDUCTION AND 
EXCLUSION FOR MOVING EXPENSES.
    (a) Extension of Limitation on Deduction.--Section 217(k) is 
amended--
        (1) by striking ``, and before January 1, 2026'', and
        (2) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (b) Allowance of Deduction for Members of the Intelligence 
Community.--Section 217(k), as amended by subsection (a), is further 
amended--
        (1) by striking ``2017.--Except in the case'' and inserting 
    ``2017.--
        ``(1) In general.--Except in the case'', and
        (2) by adding at the end the following new paragraph:
        ``(2) Members of the intelligence community.--An employee or 
    new appointee of the intelligence community (as defined in section 
    3 of the National Security Act of 1947 (50 U.S.C. 3003)) (other 
    than a member of the Armed Forces of the United States) who moves 
    pursuant to a change in assignment which requires relocation shall 
    be treated for purposes of this section in the same manner as an 
    individual to whom subsection (g) applies.''.
    (c) Extension of Limitation on Exclusion.--Section 132(g)(2) is 
amended--
        (1) by striking ``, and before January 1, 2026'', and
        (2) by striking ``2018 Through 2025'' in the heading and 
    inserting ``Beginning After 2017''.
    (d) Allowance of Exclusion for Members of the Intelligence 
Community.--Section 132(g)(2) of the Internal Revenue Code of 1986 is 
amended by inserting ``, or an employee or new appointee of the 
intelligence community (as defined in section 3 of the National 
Security Act of 1947 (50 U.S.C. 3003)) (other than a member of the 
Armed Forces of the United States) who moves pursuant to a change in 
assignment that requires relocation'' after ``change of station''.
    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70114. EXTENSION AND MODIFICATION OF LIMITATION ON WAGERING 
LOSSES.
    (a) In General.--Section 165 is amended by striking subsection (d) 
and inserting the following:
    ``(d) Wagering Losses.--
        ``(1) In general.--For purposes of losses from wagering 
    transactions, the amount allowed as a deduction for any taxable 
    year--
            ``(A) shall be equal to 90 percent of the amount of such 
        losses during such taxable year, and
            ``(B) shall be allowed only to the extent of the gains from 
        such transactions during such taxable year.
        ``(2) Special rule.--For purposes of paragraph (1), the term 
    `losses from wagering transactions' includes any deduction 
    otherwise allowable under this chapter incurred in carrying on any 
    wagering transaction.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
SEC. 70115. EXTENSION AND ENHANCEMENT OF INCREASED LIMITATION ON 
CONTRIBUTIONS TO ABLE ACCOUNTS.
    (a) In General.--Section 529A(b)(2)(B) is amended--
        (1) in clause (i), by inserting ``(determined by substituting 
    `1996' for `1997' in paragraph (2)(B) thereof)'' after ``section 
    2503(b)'', and
        (2) in clause (ii), by striking ``before January 1, 2026''.
    (b) Effective Dates.--
        (1) In general.--Except as otherwise provided in this 
    subsection, the amendments made by this section shall apply to 
    contributions made after December 31, 2025.
        (2) Modified inflation adjustment.--The amendment made by 
    subsection (a)(1) shall apply to taxable years beginning after 
    December 31, 2025.
SEC. 70116. EXTENSION AND ENHANCEMENT OF SAVERS CREDIT ALLOWED FOR ABLE 
CONTRIBUTIONS.
    (a) Extension.--
        (1) In general.--Section 25B(d)(1) is amended to read as 
    follows:
        ``(1) In general.--The term `qualified retirement savings 
    contributions' means, with respect to any taxable year, the sum 
    of--
            ``(A) the amount of contributions made by the eligible 
        individual during such taxable year to the ABLE account (within 
        the meaning of section 529A) of which such individual is the 
        designated beneficiary, and
            ``(B) in the case of any taxable year beginning before 
        January 1, 2027--
                ``(i) the amount of the qualified retirement 
            contributions (as defined in section 219(e)) made by the 
            eligible individual,
                ``(ii) the amount of--

                    ``(I) any elective deferrals (as defined in section 
                402(g)(3)) of such individual, and
                    ``(II) any elective deferral of compensation by 
                such individual under an eligible deferred compensation 
                plan (as defined in section 457(b)) of an eligible 
                employer described in section 457(e)(1)(A), and

                ``(iii) the amount of voluntary employee contributions 
            by such individual to any qualified retirement plan (as 
            defined in section 4974(c)).''.
        (2) Coordination with secure 2.0 act of 2022 amendment.--
    Paragraph (1) of section 103(e) of the SECURE 2.0 Act of 2022 is 
    repealed, and the Internal Revenue Code of 1986 shall be applied 
    and administered as though such paragraph were never enacted.
        (3) Effective date.--The amendments and repeal made by this 
    subsection shall apply to taxable years ending after December 31, 
    2025.
    (b) Increase of Credit Amount.--
        (1) In general.--Section 25B(a) is amended by striking 
    ``$2,000'' and inserting ``$2,100''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to taxable years beginning after December 31, 2026.
SEC. 70117. EXTENSION OF ROLLOVERS FROM QUALIFIED TUITION PROGRAMS TO 
ABLE ACCOUNTS PERMITTED.
    (a) In General.--Section 529(c)(3)(C)(i)(III) is amended by 
striking ``before January 1, 2026,''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
SEC. 70118. EXTENSION OF TREATMENT OF CERTAIN INDIVIDUALS PERFORMING 
SERVICES IN THE SINAI PENINSULA AND ENHANCEMENT TO INCLUDE ADDITIONAL 
AREAS.
    (a) Treatment Made Permanent.--Section 11026(a) of Public Law 115-
97 is amended by striking ``, with respect to the applicable period''.
    (b) Kenya, Mali, Burkina Faso, and Chad Included as Hazardous Duty 
Areas.--Section 11026(b) of Public Law 115-97 is amended to read as 
follows:
    ``(b) Qualified Hazardous Duty Area.--For purposes of this section, 
the term `qualified hazardous duty area' means each of the following 
locations, but only during the period for which any member of the Armed 
Forces of the United States is entitled to special pay under section 
310 of title 37, United States Code (relating to special pay; duty 
subject to hostile fire or imminent danger), for services performed in 
such location:
        ``(1) the Sinai Peninsula of Egypt.
        ``(2) Kenya.
        ``(3) Mali.
        ``(4) Burkina Faso.
        ``(5) Chad.''.
    (c) Conforming Amendment.--Section 11026 of Public Law 115-97 is 
amended by striking subsections (c) and (d).
    (d) Effective Date.--The amendments made by this section shall take 
effect on January 1, 2026.
SEC. 70119. EXTENSION AND MODIFICATION OF EXCLUSION FROM GROSS INCOME 
OF STUDENT LOANS DISCHARGED ON ACCOUNT OF DEATH OR DISABILITY.
    (a) In General.--Section 108(f)(5) is amended to read as follows:
        ``(5) Discharges on account of death or disability.--
            ``(A) In general.--In the case of an individual, gross 
        income does not include any amount which (but for this 
        subsection) would be includible in gross income for such 
        taxable year by reason of the discharge (in whole or in part) 
        of any loan described in subparagraph (B), if such discharge 
        was--
                ``(i) pursuant to subsection (a) or (d) of section 437 
            of the Higher Education Act of 1965 or the parallel benefit 
            under part D of title IV of such Act (relating to the 
            repayment of loan liability),
                ``(ii) pursuant to section 464(c)(1)(F) of such Act, or
                ``(iii) otherwise discharged on account of death or 
            total and permanent disability of the student.
            ``(B) Loans discharged.--A loan is described in this 
        subparagraph if such loan is--
                ``(i) a student loan (as defined in paragraph (2)), or
                ``(ii) a private education loan (as defined in section 
            140(a) of the Consumer Credit Protection Act (15 U.S.C. 
            1650(a)).
            ``(C) Social security number requirement.--
                ``(i) In general.--Subparagraph (A) shall not apply 
            with respect to any discharge during any taxable year 
            unless the taxpayer includes the taxpayer's social security 
            number on the return of tax for such taxable year.
                ``(ii) Social security number.--For purposes of this 
            subparagraph, the term `social security number' has the 
            meaning given such term in section 24(h)(7).''.
    (b) Omission of Correct Social Security Number Treated as 
Mathematical or Clerical Error.--Section 6213(g)(2), as amended by this 
Act, is further amended by striking ``and'' at the end of subparagraph 
(V), by striking the period at the end of subparagraph (W) and 
inserting ``, and'', and by inserting after subparagraph (W) the 
following new subparagraph:
            ``(X) an omission of a correct social security number 
        required under section 108(f)(5)(C) (relating to discharges on 
        account of death or disability).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to discharges after December 31, 2025.
SEC. 70120. LIMITATION ON INDIVIDUAL DEDUCTIONS FOR CERTAIN STATE AND 
LOCAL TAXES, ETC.
    (a) In General.--Section 164(b)(6) is amended--
        (1) by striking ``and before January 1, 2026'', and
        (2) by striking ``$10,000 ($5,000 in the case of a married 
    individual filing a separate return)'' and inserting ``the 
    applicable limitation amount (half the applicable limitation amount 
    in the case of a married individual filing a separate return)''.
    (b) Applicable Limitation Amount.--Section 164(b) is amended by 
adding at the end the following new paragraph:
        ``(7) Applicable limitation amount.--
            ``(A) In general.--For purposes of paragraph (6), the term 
        `applicable limitation amount' means--
                ``(i) in the case of any taxable year beginning in 
            calendar year 2025, $40,000,
                ``(ii) in the case of any taxable year beginning in 
            calendar year 2026, $40,400,
                ``(iii) in the case of any taxable year beginning after 
            calendar year 2026 and before 2030, 101 percent of the 
            dollar amount in effect under this subparagraph for taxable 
            years beginning in the preceding calendar year, and
                ``(iv) in the case of any taxable year beginning after 
            calendar year 2029, $10,000.
            ``(B) Phasedown based on modified adjusted gross income.--
                ``(i) In general.--Except as provided in clause (iii), 
            in the case of any taxable year beginning before January 1, 
            2030, the applicable limitation amount shall be reduced by 
            30 percent of the excess (if any) of the taxpayer's 
            modified adjusted gross income over the threshold amount 
            (half the threshold amount in the case of a married 
            individual filing a separate return).
                ``(ii) Threshold amount.--For purposes of this 
            subparagraph, the term `threshold amount' means--

                    ``(I) in the case of any taxable year beginning in 
                calendar year 2025, $500,000,
                    ``(II) in the case of any taxable year beginning in 
                calendar year 2026, $505,000, and
                    ``(III) in the case of any taxable year beginning 
                after calendar year 2026, 101 percent of the dollar 
                amount in effect under this subparagraph for taxable 
                years beginning in the preceding calendar year.

                ``(iii) Limitation on reduction.--The reduction under 
            clause (i) shall not result in the applicable limitation 
            amount being less than $10,000.
                ``(iv) Modified adjusted gross income.--For purposes of 
            this paragraph, the term `modified adjusted gross income' 
            means adjusted gross income increased by any amount 
            excluded from gross income under section 911, 931, or 
            933.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.

CHAPTER 2--DELIVERING ON PRESIDENTIAL PRIORITIES TO PROVIDE NEW MIDDLE-
                            CLASS TAX RELIEF

SEC. 70201. NO TAX ON TIPS.
    (a) Deduction Allowed.--Part VII of subchapter B of chapter 1 is 
amended by redesignating section 224 as section 225 and by inserting 
after section 223 the following new section:
    ``SEC. 224. QUALIFIED TIPS.
    ``(a) In General.--There shall be allowed as a deduction an amount 
equal to the qualified tips received during the taxable year that are 
included on statements furnished to the individual pursuant to section 
6041(d)(3), 6041A(e)(3), 6050W(f)(2), or 6051(a)(18), or reported by 
the taxpayer on Form 4137 (or successor).
    ``(b) Limitation.--
        ``(1) In general.--The amount allowed as a deduction under this 
    section for any taxable year shall not exceed $25,000.
        ``(2) Limitation based on adjusted gross income.--
            ``(A) In general.--The amount allowable as a deduction 
        under subsection (a) (after application of paragraph (1)) shall 
        be reduced (but not below zero) by $100 for each $1,000 by 
        which the taxpayer's modified adjusted gross income exceeds 
        $150,000 ($300,000 in the case of a joint return).
            ``(B) Modified adjusted gross income.--For purposes of this 
        paragraph, the term `modified adjusted gross income' means the 
        adjusted gross income of the taxpayer for the taxable year 
        increased by any amount excluded from gross income under 
        section 911, 931, or 933.
    ``(c) Tips Received in Course of Trade or Business.--In the case of 
qualified tips received by an individual during any taxable year in the 
course of a trade or business (other than the trade or business of 
performing services as an employee) of such individual, such qualified 
tips shall be taken into account under subsection (a) only to the 
extent that the gross income for the taxpayer from such trade or 
business for such taxable year (including such qualified tips) exceeds 
the sum of the deductions (other than the deduction allowed under this 
section) allocable to the trade or business in which such qualified 
tips are received by the individual for such taxable year.
    ``(d) Qualified Tips.--For purposes of this section--
        ``(1) In general.--The term `qualified tips' means cash tips 
    received by an individual in an occupation which customarily and 
    regularly received tips on or before December 31, 2024, as provided 
    by the Secretary.
        ``(2) Exclusions.--Such term shall not include any amount 
    received by an individual unless--
            ``(A) such amount is paid voluntarily without any 
        consequence in the event of nonpayment, is not the subject of 
        negotiation, and is determined by the payor,
            ``(B) the trade or business in the course of which the 
        individual receives such amount is not a specified service 
        trade or business (as defined in section 199A(d)(2)), and
            ``(C) such other requirements as may be established by the 
        Secretary in regulations or other guidance are satisfied.
    For purposes of subparagraph (B), in the case of an individual 
    receiving tips in the trade or business of performing services as 
    an employee, such individual shall be treated as receiving tips in 
    the course of a trade or business which is a specified service 
    trade or business if the trade or business of the employer is a 
    specified service trade or business.
        ``(3) Cash tips.--For purposes of paragraph (1), the term `cash 
    tips' includes tips received from customers that are paid in cash 
    or charged and, in the case of an employee, tips received under any 
    tip-sharing arrangement.
    ``(e) Social Security Number Required.--
        ``(1) In general.--No deduction shall be allowed under this 
    section unless the taxpayer includes on the return of tax for the 
    taxable year such individual's social security number.
        ``(2) Social security number defined.--For purposes of 
    paragraph (1), the term `social security number' shall have the 
    meaning given such term in section 24(h)(7).
    ``(f) Married Individuals.--If the taxpayer is a married individual 
(within the meaning of section 7703), this section shall apply only if 
the taxpayer and the taxpayer's spouse file a joint return for the 
taxable year.
    ``(g) Regulations.--The Secretary shall prescribe such regulations 
or other guidance as may be necessary to prevent reclassification of 
income as qualified tips, including regulations or other guidance to 
prevent abuse of the deduction allowed by this section.
    ``(h) Termination.--No deduction shall be allowed under this 
section for any taxable year beginning after December 31, 2028.''.
    (b) Deduction Allowed to Non-itemizers.--Section 63(b) is amended 
by striking ``and'' at the end of paragraph (3), by striking the period 
at the end of paragraph (4) and inserting ``, and'', and by adding at 
the end the following new paragraph:
        ``(5) the deduction provided in section 224.''.
    (c) Omission of Correct Social Security Number Treated as 
Mathematical or Clerical Error.--Section 6213(g)(2), as amended by the 
preceding provisions of this Act, is amended by striking ``and'' at the 
end of subparagraph (W), by striking the period at the end of 
subparagraph (X) and inserting ``, and'', and by inserting after 
subparagraph (X) the following new subparagraph:
            ``(Y) an omission of a correct social security number 
        required under section 224(e) (relating to deduction for 
        qualified tips).''.
    (d) Exclusion From Qualified Business Income.--Section 199A(c)(4) 
is amended by striking ``and'' at the end of subparagraph (B), by 
striking the period at the end of subparagraph (C) and inserting ``, 
and'', and by adding at the end the following new subparagraph:
            ``(D) any amount with respect to which a deduction is 
        allowable to the taxpayer under section 224(a) for the taxable 
        year.''.
    (e) Extension of Tip Credit to Beauty Service Business.--
        (1) In general.--Section 45B(b)(2) is amended to read as 
    follows:
        ``(2) Application only to certain lines of business.--In 
    applying paragraph (1) there shall be taken into account only tips 
    received from customers or clients in connection with the following 
    services:
            ``(A) The providing, delivering, or serving of food or 
        beverages for consumption, if the tipping of employees 
        delivering or serving food or beverages by customers is 
        customary.
            ``(B) The providing of any of the following services to a 
        customer or client if the tipping of employees providing such 
        services is customary:
                ``(i) Barbering and hair care.
                ``(ii) Nail care.
                ``(iii) Esthetics.
                ``(iv) Body and spa treatments.''.
        (2) Credit determined with respect to minimum wage in effect.--
    Section 45B(b)(1)(B) is amended--
            (A) by striking ``as in effect on January 1, 2007, and'', 
        and
            (B) by inserting ``, and in the case of food or beverage 
        establishments, as in effect on January 1, 2007'' after 
        ``without regard to section 3(m) of such Act''.
    (f) Reporting Requirements.--
        (1) Returns for payments made in the course of a trade or 
    business.--
            (A) Statement furnished to secretary.--Section 6041(a) is 
        amended by inserting ``(including a separate accounting of any 
        such amounts reasonably designated as cash tips and the 
        occupation described in section 224(d)(1) of the person 
        receiving such tips)'' after ``such gains, profits, and 
        income''.
            (B) Statement furnished to payee.--Section 6041(d) is 
        amended by striking ``and'' at the end of paragraph (1), by 
        striking the period at the end of paragraph (2) and inserting 
        ``, and'', and by inserting after paragraph (2) the following 
        new paragraph:
        ``(3) in the case of compensation to non-employees, the portion 
    of payments that have been reasonably designated as cash tips and 
    the occupation described in section 224(d)(1) of the person 
    receiving such tips.''.
        (2) Returns for payments made for services and direct sales.--
            (A) Statement furnished to secretary.--Section 6041A(a) is 
        amended by inserting ``(including a separate accounting of any 
        such amounts reasonably designated as cash tips and the 
        occupation described in section 224(d)(1) of the person 
        receiving such tips)'' after ``amount of such payments''.
            (B) Statement furnished to payee.--Section 6041A(e) is 
        amended by striking ``and'' at the end of paragraph (1), by 
        striking the period at the end of paragraph (2) and inserting 
        ``, and'', and by inserting after paragraph (2) the following 
        new paragraph:
        ``(3) in the case of subsection (a), the portion of payments 
    that have been reasonably designated as cash tips and the 
    occupation described in section 224(d)(1) of the person receiving 
    such tips.''.
        (3) Returns relating to third party settlement organizations.--
            (A) Statement furnished to secretary.--Section 6050W(a) is 
        amended by striking ``and'' at the end of paragraph (1), by 
        striking the period at the end of paragraph (2) and inserting 
        ``and'', and by adding at the end the following new paragraph:
        ``(3) in the case of a third party settlement organization, the 
    portion of reportable payment transactions that have been 
    reasonably designated by payors as cash tips and the occupation 
    described in section 224(d)(1) of the person receiving such 
    tips.''.
            (B) Statement furnished to payee.--Section 6050W(f)(2) is 
        amended by inserting ``(including a separate accounting of any 
        such amounts that have been reasonably designated by payors as 
        cash tips and the occupation described in section 224(d)(1) of 
        the person receiving such tips)'' after ``reportable payment 
        transactions''.
        (4) Returns related to wages.--Section 6051(a) is amended by 
    striking ``and'' at the end of paragraph (16), by striking the 
    period at the end of paragraph (17) and inserting ``, and'', and by 
    inserting after paragraph (17) the following new paragraph:
        ``(18) the total amount of cash tips reported by the employee 
    under section 6053(a) and the occupation described in section 
    224(d)(1) such person.''.
    (g) Clerical Amendment.--The table of sections for part VII of 
subchapter B of chapter 1 is amended by redesignating the item relating 
to section 224 as relating to section 225 and by inserting after the 
item relating to section 223 the following new item:
``Sec. 224. Qualified tips.''.

    (h) Published List of Occupations Traditionally Receiving Tips.--
Not later than 90 days after the date of the enactment of this Act, the 
Secretary of the Treasury (or the Secretary's delegate) shall publish a 
list of occupations which customarily and regularly received tips on or 
before December 31, 2024, for purposes of section 224(d)(1) of the 
Internal Revenue Code of 1986 (as added by subsection (a)).
    (i) Withholding.--The Secretary of the Treasury (or the Secretary's 
delegate) shall modify the procedures prescribed under section 3402(a) 
of the Internal Revenue Code of 1986 for taxable years beginning after 
December 31, 2025, to take into account the deduction allowed under 
section 224 of such Code (as added by this Act).
    (j) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
    (k) Transition Rule.--In the case of any cash tips required to be 
reported for periods before January 1, 2026, persons required to file 
returns or statements under section 6041(a), 6041(d)(3), 6041A(a), 
6041A(e)(3), 6050W(a), or 6050W(f)(2) of the Internal Revenue Code of 
1986 (as amended by this section) may approximate a separate accounting 
of amounts designated as cash tips by any reasonable method specified 
by the Secretary.
SEC. 70202. NO TAX ON OVERTIME.
    (a) Deduction Allowed.--Part VII of subchapter B of chapter 1, as 
amended by the preceding provisions of this Act, is amended by 
redesignating section 225 as section 226 and by inserting after section 
224 the following new section:
    ``SEC. 225. QUALIFIED OVERTIME COMPENSATION.
    ``(a) In General.--There shall be allowed as a deduction an amount 
equal to the qualified overtime compensation received during the 
taxable year and included on statements furnished to the individual 
pursuant to section 6041(d)(4) or 6051(a)(19).
    ``(b) Limitation.--
        ``(1) In general.--The amount allowed as a deduction under this 
    section for any taxable year shall not exceed $12,500 ($25,000 in 
    the case of a joint return).
        ``(2) Limitation based on adjusted gross income.--
            ``(A) In general.--The amount allowable as a deduction 
        under subsection (a) (after application of paragraph (1)) shall 
        be reduced (but not below zero) by $100 for each $1,000 by 
        which the taxpayer's modified adjusted gross income exceeds 
        $150,000 ($300,000 in the case of a joint return).
            ``(B) Modified adjusted gross income.--For purposes of this 
        paragraph, the term `modified adjusted gross income' means the 
        adjusted gross income of the taxpayer for the taxable year 
        increased by any amount excluded from gross income under 
        section 911, 931, or 933.
    ``(c) Qualified Overtime Compensation.--
        ``(1) In general.--For purposes of this section, the term 
    `qualified overtime compensation' means overtime compensation paid 
    to an individual required under section 7 of the Fair Labor 
    Standards Act of 1938 that is in excess of the regular rate (as 
    used in such section) at which such individual is employed.
        ``(2) Exclusions.--Such term shall not include any qualified 
    tip (as defined in section 224(d)).
    ``(d) Social Security Number Required.--
        ``(1) In general.--No deduction shall be allowed under this 
    section unless the taxpayer includes on the return of tax for the 
    taxable year such individual's social security number.
        ``(2) Social security number defined.--For purposes of 
    paragraph (1), the term `social security number' shall have the 
    meaning given such term in section 24(h)(7).
    ``(e) Married Individuals.--If the taxpayer is a married individual 
(within the meaning of section 7703), this section shall apply only if 
the taxpayer and the taxpayer's spouse file a joint return for the 
taxable year.
    ``(f) Regulations.--The Secretary shall issue such regulations or 
other guidance as may be necessary or appropriate to carry out the 
purposes of this section, including regulations or other guidance to 
prevent abuse of the deduction allowed by this section.
    ``(g) Termination.--No deduction shall be allowed under this 
section for any taxable year beginning after December 31, 2028.''.
    (b) Deduction Allowed to Non-itemizers.--Section 63(b), as amended 
by the preceding provisions of this Act, is amended by striking ``and'' 
at the end of paragraph (4), by striking the period at the end of 
paragraph (5) and inserting ``, and'', and by adding at the end the 
following new paragraph:
        ``(6) the deduction provided in section 225.''.
    (c) Reporting.--
        (1) Requirement to include overtime compensation on w-2.--
    Section 6051(a), as amended by the preceding provision of this Act, 
    is amended by striking ``and'' at the end of paragraph (17), by 
    striking the period at the end of paragraph (18) and inserting ``, 
    and'', and by inserting after paragraph (18) the following new 
    paragraph:
        ``(19) the total amount of qualified overtime compensation (as 
    defined in section 225(c)).''.
        (2) Payments to persons not treated as employees under tax 
    laws.--
            (A) Statement furnished to secretary.--Section 6041(a), as 
        amended by section 70201(e)(1)(A), is amended by inserting 
        ``and a separate accounting of any amount of qualified overtime 
        compensation (as defined in section 225(c))'' after 
        ``occupation of the person receiving such tips''.
            (B) Statement furnished to payee.--Section 6041(d), as 
        amended by section 70201(e)(1)(B), is amended by striking 
        ``and'' at the end of paragraph (2), by striking the period at 
        the end of paragraph (3) and inserting ``, and'', and by 
        inserting after paragraph (3) the following new paragraph:
        ``(4) the portion of payments that are qualified overtime 
    compensation (as defined in section 225(c)).''.
    (d) Omission of Correct Social Security Number Treated as 
Mathematical or Clerical Error.--Section 6213(g)(2), as amended by the 
preceding provisions of this Act, is amended by striking ``and'' at the 
end of subparagraph (X), by striking the period at the end of 
subparagraph (Y) and inserting ``, and'', and by inserting after 
subparagraph (Y) the following new subparagraph:
            ``(Z) an omission of a correct social security number 
        required under section 225(d) (relating to deduction for 
        qualified overtime).''.
    (e) Clerical Amendment.--The table of sections for part VII of 
subchapter B of chapter 1, as amended by the preceding provisions of 
this Act, is amended by redesignating the item relating to section 225 
as an item relating to section 226 and by inserting after the item 
relating to section 224 the following new item:
``Sec. 225. Qualified overtime compensation.''.

    (f) Withholding.--The Secretary of the Treasury (or the Secretary's 
delegate) shall modify the procedures prescribed under section 3402(a) 
of the Internal Revenue Code of 1986 for taxable years beginning after 
December 31, 2025, to take into account the deduction allowed under 
section 225 of such Code (as added by this Act).
    (g) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
    (h) Transition Rule.--In the case of qualified overtime 
compensation required to be reported for periods before January 1, 
2026, persons required to file returns or statements under section 
6051(a)(19), 6041(a), or 6041(d)(4) of the Internal Revenue Code of 
1986 (as amended by this section) may approximate a separate accounting 
of amounts designated as qualified overtime compensation by any 
reasonable method specified by the Secretary.
SEC. 70203. NO TAX ON CAR LOAN INTEREST.
    (a) In General.--Section 163(h) is amended by redesignating 
paragraph (4) as paragraph (5) and by inserting after paragraph (3) the 
following new paragraph:
        ``(4) Special rules for taxable years 2025 through 2028 
    relating to qualified passenger vehicle loan interest.--
            ``(A) In general.--In the case of taxable years beginning 
        after December 31, 2024, and before January 1, 2029, for 
        purposes of this subsection the term `personal interest' shall 
        not include qualified passenger vehicle loan interest.
            ``(B) Qualified passenger vehicle loan interest defined.--
                ``(i) In general.--For purposes of this paragraph, the 
            term `qualified passenger vehicle loan interest' means any 
            interest which is paid or accrued during the taxable year 
            on indebtedness incurred by the taxpayer after December 31, 
            2024, for the purchase of, and that is secured by a first 
            lien on, an applicable passenger vehicle for personal use.
                ``(ii) Exceptions.--Such term shall not include any 
            amount paid or incurred on any of the following:

                    ``(I) A loan to finance fleet sales.
                    ``(II) A loan incurred for the purchase of a 
                commercial vehicle that is not used for personal 
                purposes.
                    ``(III) Any lease financing.
                    ``(IV) A loan to finance the purchase of a vehicle 
                with a salvage title.
                    ``(V) A loan to finance the purchase of a vehicle 
                intended to be used for scrap or parts.

                ``(iii) VIN requirement.--Interest shall not be treated 
            as qualified passenger vehicle loan interest under this 
            paragraph unless the taxpayer includes the vehicle 
            identification number of the applicable passenger vehicle 
            described in clause (i) on the return of tax for the 
            taxable year.
            ``(C) Limitations.--
                ``(i) Dollar limit.--The amount of interest taken into 
            account by a taxpayer under subparagraph (B) for any 
            taxable year shall not exceed $10,000.
                ``(ii) Limitation based on modified adjusted gross 
            income.--

                    ``(I) In general.--The amount which is otherwise 
                allowable as a deduction under subsection (a) as 
                qualified passenger vehicle loan interest (determined 
                without regard to this clause and after the application 
                of clause (i)) shall be reduced (but not below zero) by 
                $200 for each $1,000 (or portion thereof) by which the 
                modified adjusted gross income of the taxpayer for the 
                taxable year exceeds $100,000 ($200,000 in the case of 
                a joint return).
                    ``(II) Modified adjusted gross income.--For 
                purposes of this clause, the term `modified adjusted 
                gross income' means the adjusted gross income of the 
                taxpayer for the taxable year increased by any amount 
                excluded from gross income under section 911, 931, or 
                933.

            ``(D) Applicable passenger vehicle.--The term `applicable 
        passenger vehicle' means any vehicle--
                ``(i) the original use of which commences with the 
            taxpayer,
                ``(ii) which is manufactured primarily for use on 
            public streets, roads, and highways (not including a 
            vehicle operated exclusively on a rail or rails),
                ``(iii) which has at least 2 wheels,
                ``(iv) which is a car, minivan, van, sport utility 
            vehicle, pickup truck, or motorcycle,
                ``(v) which is treated as a motor vehicle for purposes 
            of title II of the Clean Air Act, and
                ``(vi) which has a gross vehicle weight rating of less 
            than 14,000 pounds.
        Such term shall not include any vehicle the final assembly of 
        which did not occur within the United States.
            ``(E) Other definitions and special rules.--For purposes of 
        this paragraph--
                ``(i) Final assembly.--For purposes of subparagraph 
            (D), the term `final assembly' means the process by which a 
            manufacturer produces a vehicle at, or through the use of, 
            a plant, factory, or other place from which the vehicle is 
            delivered to a dealer with all component parts necessary 
            for the mechanical operation of the vehicle included with 
            the vehicle, whether or not the component parts are 
            permanently installed in or on the vehicle.
                ``(ii) Treatment of refinancing.--Indebtedness 
            described in subparagraph (B) shall include indebtedness 
            that results from refinancing any indebtedness described in 
            such subparagraph, and that is secured by a first lien on 
            the applicable passenger vehicle with respect to which the 
            refinanced indebtedness was incurred, but only to the 
            extent the amount of such resulting indebtedness does not 
            exceed the amount of such refinanced indebtedness.
                ``(iii) Related parties.--Indebtedness described in 
            subparagraph (B) shall not include any indebtedness owed to 
            a person who is related (within the meaning of section 
            267(b) or 707(b)(1)) to the taxpayer.''.
    (b) Deduction Allowed to Non-itemizers.--Section 63(b), as amended 
by the preceding provisions of this Act, is amended by striking ``and'' 
at the end of paragraph (5), by striking the period at the end of 
paragraph (6) and inserting ``and'', and by adding at the end the 
following new paragraph:
        ``(7) so much of the deduction allowed by section 163(a) as is 
    attributable to the exception under section 163(h)(4)(A).''.
    (c) Reporting.--
        (1) In general.--Subpart B of part III of subchapter A of 
    chapter 61 is amended by adding at the end the following new 
    section:
``SEC. 6050AA. RETURNS RELATING TO APPLICABLE PASSENGER VEHICLE LOAN 
INTEREST RECEIVED IN TRADE OR BUSINESS FROM INDIVIDUALS.
    ``(a) In General.--Any person--
        ``(1) who is engaged in a trade or business, and
        ``(2) who, in the course of such trade or business, receives 
    from any individual interest aggregating $600 or more for any 
    calendar year on a specified passenger vehicle loan,
shall make the return described in subsection (b) with respect to each 
individual from whom such interest was received at such time as the 
Secretary may provide.
    ``(b) Form and Manner of Returns.--A return is described in this 
subsection if such return--
        ``(1) is in such form as the Secretary may prescribe, and
        ``(2) contains--
            ``(A) the name and address of the individual from whom the 
        interest described in subsection (a)(2) was received,
            ``(B) the amount of such interest received for the calendar 
        year,
            ``(C) the amount of outstanding principal on the specified 
        passenger vehicle loan as of the beginning of such calendar 
        year,
            ``(D) the date of the origination of such loan,
            ``(E) the year, make, model, and vehicle identification 
        number of the applicable passenger vehicle which secures such 
        loan (or such other description of such vehicle as the 
        Secretary may prescribe), and
            ``(F) such other information as the Secretary may 
        prescribe.
    ``(c) Statements to Be Furnished to Individuals With Respect to 
Whom Information Is Required.--Every person required to make a return 
under subsection (a) shall furnish to each individual whose name is 
required to be set forth in such return a written statement showing--
        ``(1) the name, address, and phone number of the information 
    contact of the person required to make such return, and
        ``(2) the information described in subparagraphs (B), (C), (D), 
    and (E) of subsection (b)(2) with respect to such individual (and 
    such information as is described in subsection (b)(2)(F) with 
    respect to such individual as the Secretary may provide for 
    purposes of this subsection).
The written statement required under the preceding sentence shall be 
furnished on or before January 31 of the year following the calendar 
year for which the return under subsection (a) was required to be made.
    ``(d) Definitions.--For purposes of this section--
        ``(1) In general.--Terms used in this section which are also 
    used in paragraph (4) of section 163(h) shall have the same meaning 
    as when used in such paragraph.
        ``(2) Specified passenger vehicle loan.--The term `specified 
    passenger vehicle loan' means the indebtedness described in section 
    163(h)(4)(B) with respect to any applicable passenger vehicle.
    ``(e) Regulations.--The Secretary shall issue such regulations or 
other guidance as may be necessary or appropriate to carry out the 
purposes of this section, including regulations or other guidance to 
prevent the duplicate reporting of information under this section.
    ``(f) Applicability.--No return shall be required under this 
section for any period to which section 163(h)(4) does not apply.''.
        (2) Penalties.--Section 6724(d) is amended--
            (A) in paragraph (1)(B), by striking ``or'' at the end of 
        clause (xxvii), by striking ``and'' at the end of clause 
        (xxviii) and inserting ``or'', and by adding at the end the 
        following new clause:
                ``(xxix) section 6050AA(a) (relating to returns 
            relating to applicable passenger vehicle loan interest 
            received in trade or business from individuals),'', and
            (B) in paragraph (2), by striking ``or'' at the end of 
        subparagraph (KK), by striking the period at the end of 
        subparagraph (LL) and inserting ``, or'', and by inserting 
        after subparagraph (LL) the following new subparagraph:
            ``(MM) section 6050AA(c) (relating to statements relating 
        to applicable passenger vehicle loan interest received in trade 
        or business from individuals).''.
    (d) Conforming Amendments.--
        (1) Section 56(e)(1)(B) is amended by striking ``section 
    163(h)(4)'' and inserting ``section 163(h)(5)''.
        (2) The table of sections for subpart B of part III of 
    subchapter A of chapter 61 is amended by adding at the end the 
    following new item:
``Sec. 6050AA. Returns relating to applicable passenger vehicle loan 
          interest received in trade or business from individuals.''.

    (e) Effective Date.--The amendments made by this section shall 
apply to indebtedness incurred after December 31, 2024.
SEC. 70204. TRUMP ACCOUNTS AND CONTRIBUTION PILOT PROGRAM.
    (a) Trump Accounts.--
        (1) In general.--Subchapter F of chapter 1 is amended by adding 
    at the end the following new part:

                       ``PART IX--TRUMP ACCOUNTS

``Sec. 530A. Trump accounts.

``SEC. 530A. TRUMP ACCOUNTS.
    ``(a) General Rule.--Except as provided in this section or under 
regulations or guidance established by the Secretary, a Trump account 
shall be treated for purposes of this title in the same manner as an 
individual retirement account under section 408(a).
    ``(b) Trump Account.--For purposes of this section--
        ``(1) In general.--The term `Trump account' means an individual 
    retirement account (as defined in section 408(a)) which is not 
    designated as a Roth IRA and which meets the following 
    requirements:
            ``(A) The account--
                ``(i) is created or organized by the Secretary for the 
            exclusive benefit of an eligible individual or such 
            eligible individual's beneficiaries, or
                ``(ii) is--

                    ``(I) created or organized in the United States for 
                the exclusive benefit of an individual who has not 
                attained the age of 18 before the end of the calendar 
                year, or such individual's beneficiaries, and
                    ``(II) funded by a qualified rollover contribution.

            ``(B) The account is designated (in such manner as the 
        Secretary shall prescribe) at the time of the establishment of 
        the account as a Trump account.
            ``(C) The written governing instrument creating the account 
        meets the following requirements:
                ``(i) No contribution will be accepted--

                    ``(I) before the date that is 12 months after the 
                date of the enactment of this section, or
                    ``(II) in the case of a contribution made in any 
                calendar year before the calendar year in which the 
                account beneficiary attains age 18, if such 
                contribution would result in aggregate contributions 
                (other than exempt contributions) for such calendar 
                year in excess of the contribution limit specified in 
                subsection (c)(2)(A).

                ``(ii) Except as provided in subsection (d), no 
            distribution will be allowed before the first day of the 
            calendar year in which the account beneficiary attains age 
            18.
                ``(iii) No part of the account funds will be invested 
            in any asset other than an eligible investment during any 
            period before the first day of the calendar year in which 
            the account beneficiary attains age 18.
        ``(2) Eligible individual.--The term `eligible individual' 
    means any individual--
            ``(A) who has not attained the age of 18 before the close 
        of the calendar year in which the election under subparagraph 
        (C) is made,
            ``(B) for whom a social security number (within the meaning 
        of section 24(h)(7)) has been issued before the date on which 
        an election under subsection (C) is made, and
            ``(C) for whom--
                ``(i) an election is made under this subparagraph by 
            the Secretary if the Secretary determines (based on 
            information available to the Secretary from tax returns or 
            otherwise) that such individual meets the requirements of 
            subparagraphs (A) and (B) and no prior election has been 
            made for such individual under clause (ii), or
                ``(ii) an election is made under this subparagraph by a 
            person other than the Secretary (at such time and in such 
            manner as the Secretary may prescribe) for the 
            establishment of a Trump account if no prior election has 
            been made for such individual under clause (i).
        ``(3) Eligible investment.--
            ``(A) In general.--The term `eligible investment' means any 
        mutual fund or exchange traded fund which--
                ``(i) tracks the returns of a qualified index,
                ``(ii) does not use leverage,
                ``(iii) does not have annual fees and expenses of more 
            than 0.1 percent of the balance of the investment in the 
            fund, and
                ``(iv) meets such other criteria as the Secretary 
            determines appropriate for purposes of this section.
            ``(B) Qualified index.--The term `qualified index' means--
                ``(i) the Standard and Poor's 500 stock market index, 
            or
                ``(ii) any other index--

                    ``(I) which is comprised of equity investments in 
                primarily United States companies, and
                    ``(II) for which regulated futures contracts (as 
                defined in section 1256(g)(1)) are traded on a 
                qualified board or exchange (as defined in section 
                1256(g)(7)).

            Such term shall not include any industry or sector-specific 
            index, but may include an index based on market 
            capitalization.
        ``(4) Account beneficiary.--The term `account beneficiary' 
    means the individual on whose behalf the Trump account was 
    established.
    ``(c) Treatment of Contributions.--
        ``(1) No deduction allowed.--No deduction shall be allowed 
    under section 219 for any contribution which is made before the 
    first day of the calendar year in which the account beneficiary 
    attains age 18.
        ``(2) Contribution limit.--In the case of any contribution made 
    before the calendar year in which the account beneficiary attains 
    age 18--
            ``(A) In general.--The aggregate amount of contributions 
        (other than exempt contributions) for such calendar year shall 
        not exceed $5,000.
            ``(B) Exempt contribution.--For purposes of this paragraph, 
        the term `exempt contribution' means--
                ``(i) a qualified rollover contribution,
                ``(ii) any qualified general contribution, or
                ``(iii) any contribution provided under section 6434.
            ``(C) Cost-of-living adjustment.--
                ``(i) In general.--In the case of any taxable year 
            after 2027, the $5,000 amount under subparagraph (A) shall 
            be increased by an amount equal to--

                    ``(I) such dollar amount, multiplied by
                    ``(II) 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 2026' for `calendar year 2016' in 
                subparagraph (A)(ii) thereof.

                ``(ii) Rounding.--If any increase under this 
            subparagraph is not a multiple of $100, such amount shall 
            be rounded to the next lowest multiple of $100.
        ``(3) Timing of contributions.--Section 219(f)(3) shall not 
    apply to any contribution made to a Trump account for any taxable 
    year ending before the calendar year in which the account 
    beneficiary attains age 18.
    ``(d) Distributions.--
        ``(1) In general.--Except as otherwise provided in this 
    subsection, no distribution shall be allowed before the first day 
    of the calendar year in which the account beneficiary attains age 
    18.
        ``(2) Tax treatment of allowable distributions.--For purposes 
    of applying section 72 to any amount distributed from a Trump 
    account, the investment in the contract shall not include--
            ``(A) any qualified general contribution,
            ``(B) any contribution provided under section 6434, and
            ``(C) the amount of any contribution which is excluded from 
        gross income under section 128.
        ``(3) Qualified rollover contributions.--Paragraph (1) shall 
    not apply to any distribution which is a qualified rollover 
    contribution and the amount of such distribution shall not be 
    included in the gross income of the beneficiary.
        ``(4) Qualified able rollover contributions.--
            ``(A) In general.--Paragraph (1) shall not apply to any 
        distribution which is a qualified ABLE rollover contribution 
        and the amount of such distribution shall not be included in 
        the gross income of the beneficiary.
            ``(B) Qualified able rollover contribution.--For purposes 
        of this section, the term `qualified ABLE rollover 
        contribution' means an amount which is paid during the calendar 
        year in which the account beneficiary attains age 17 in a 
        direct trustee-to-trustee transfer from a Trump account 
        maintained for the benefit of the account beneficiary to an 
        ABLE account (as defined in section 529A(e)(6)) for the benefit 
        of the such account beneficiary, but only if the amount of such 
        payment is equal to the entire balance of the Trump account 
        from which the payment is made.
        ``(5) Distributions of excess contributions.--In the case of 
    any contribution which is made before the calendar year in which 
    the account beneficiary attains age 18 and which is in excess of 
    the limitation in effect under subsection (c)(2)(A) for the 
    calendar year--
            ``(A) paragraph (1) shall not apply to the distribution of 
        such excess,
            ``(B) the amount of such distribution shall not be included 
        in gross income of the account beneficiary, and
            ``(C) the tax imposed by this chapter on the distributee 
        for the taxable year in which the distribution is made shall be 
        increased by 100 percent of the amount of net income 
        attributable to such excess (determined without regard to 
        subparagraph (B)).
        ``(6) Treatment of death of account beneficiary.--If, by reason 
    of the death of the account beneficiary before the first day of the 
    calendar year in which the account beneficiary attains age 18, any 
    person acquires the account beneficiary's interest in the Trump 
    account--
            ``(A) paragraph (1) shall not apply,
            ``(B) such account shall cease to be a Trump account as of 
        the date of death, and
            ``(C) an amount equal to the fair market value of the 
        assets (reduced by the investment in the contract) in such 
        account on such date shall--
                ``(i) if such person is not the estate of such 
            beneficiary, be includible in such person's gross income 
            for the taxable year which includes such date, or
                ``(ii) if such person is the estate of such 
            beneficiary, be includible in such beneficiary's gross 
            income for the last taxable year of such beneficiary.
    ``(e) Qualified Rollover Contribution.--For purposes of this 
section, the term `qualified rollover contribution' means an amount 
which is paid in a direct trustee-to-trustee transfer from a Trump 
account maintained for the benefit of the account beneficiary to a 
Trump account maintained for such beneficiary, but only if the amount 
of such payment is equal to the entire balance of the Trump account 
from which the payment is made.
    ``(f) Qualified General Contribution.--For purposes of this 
section--
        ``(1) In general.--The term `qualified general contribution' 
    means any contribution which--
            ``(A) is made by the Secretary pursuant to a general 
        funding contribution,
            ``(B) is made to the Trump account of an account 
        beneficiary in the qualified class of account beneficiaries 
        specified in the general funding contribution, and
            ``(C) is in an amount which is equal to the ratio of--
                ``(i) the amount of such general funding contribution, 
            to
                ``(ii) the number of account beneficiaries in such 
            qualified class.
        ``(2) General funding contribution.--The term `general funding 
    contribution' means a contribution which--
            ``(A) is made by--
                ``(i) an entity described in section 170(c)(1) (other 
            than a possession of the United States or a political 
            subdivision thereof) or an Indian tribal government, or
                ``(ii) an organization described in section 501(c)(3) 
            and exempt from tax under section 501(a), and
            ``(B) which specifies a qualified class of account 
        beneficiaries to whom such contribution is to be distributed.
        ``(3) Qualified class.--
            ``(A) In general.--The term `qualified class' means any of 
        the following:
                ``(i) All account beneficiaries who have not attained 
            the age of 18 before the close of the calendar year in 
            which the contribution is made.
                ``(ii) All account beneficiaries who have not attained 
            the age of 18 before the close of the calendar year in 
            which the contribution is made and who reside in one or 
            more States or other qualified geographic areas specified 
            by the terms of the general funding contribution.
                ``(iii) All account beneficiaries who have not attained 
            the age of 18 before the close of the calendar year in 
            which the contribution is made and who were born in one or 
            more calendar years specified by the terms of the general 
            funding contribution.
            ``(B) Qualified geographic area.--The term `qualified 
        geographic area' means any geographic area in which not less 
        than 5,000 account beneficiaries reside and which is designated 
        by the Secretary as a qualified geographic area under this 
        subparagraph.
    ``(g) Trustee Selection.--In the case of any Trump account created 
or organized by the Secretary, the Secretary shall take into account 
the following criteria in selecting the trustee:
        ``(1) The history of reliability and regulatory compliance of 
    the trustee.
        ``(2) The customer service experience of the trustee.
        ``(3) The costs imposed by the trustee on the account or the 
    account beneficiary.
    ``(h) Other Special Rules and Coordination With Individual 
Retirement Account Rules.--
        ``(1) In general.--The rules of subsections (k) and (p) of 
    section 408 shall not apply to a Trump account, and the rules of 
    subsections (d) and (i) of section 408 shall not apply to a Trump 
    account for any taxable year beginning before the calendar year in 
    which the account beneficiary attains age 18.
        ``(2) Custodial accounts.--In the case of a Trump account, 
    section 408(h) shall be applied by substituting `a Trump account 
    described in section 530A(b)(1)' for `an individual retirement 
    account described in subsection (a)'.
        ``(3) Contributions.--In the case of any taxable year beginning 
    before the first day of the calendar year in which the account 
    beneficiary attains age 18, a contribution to a Trump account shall 
    not be taken into account in applying any contribution limit to any 
    individual retirement plan other than a Trump account.
        ``(4) Distributions.--Section 408(d)(2) shall be applied 
    separately with respect to Trump Accounts and other individual 
    retirement plans.
        ``(5) Excess contributions.--For purposes of applying section 
    4973(b) to a Trump account for any taxable year beginning before 
    the first day of the calendar year in which the account beneficiary 
    attains age 18, the term `excess contributions' means the sum of--
            ``(A) the amount by which the amount contributed to the 
        account for the calendar year in which taxable year begins 
        exceeds the amount permitted to be contributed to the account 
        under subsection (c)(2), and
            ``(B) the amount determined under this paragraph for the 
        preceding taxable year.
    For purposes of this paragraph, the excess contributions for a 
    taxable year are reduced by the distributions to which subsection 
    (d)(5) applies that are made during the taxable year or by the date 
    prescribed by law (including extensions of time) for filing the 
    account beneficiary's return for the taxable year.
    ``(i) Reports.--
        ``(1) In general.--The trustee of a Trump account shall make 
    such reports regarding such account to the Secretary and to the 
    beneficiary of the account at such time and in such manner as may 
    be required by the Secretary. Such reports shall include 
    information with respect to--
            ``(A) contributions (including the amount and source of any 
        contribution in excess of $25 made from a person other than the 
        Secretary, the account beneficiary, or the parent or legal 
        guardian of the account beneficiary),
            ``(B) distributions (including distributions which are 
        qualified rollover contributions),
            ``(C) the fair market value of the account,
            ``(D) the investment in the contract with respect to such 
        account, and
            ``(E) such other matters as the Secretary may require.
        ``(2) Qualified rollover contributions.--Not later than 30 days 
    after the date of any qualified rollover contribution, the trustee 
    of the Trump account to which the contribution was made shall make 
    a report to the Secretary. Such report shall include--
            ``(A) the name, address, and social security number of the 
        account beneficiary,
            ``(B) the name and address of such trustee,
            ``(C) the account number,
            ``(D) the routing number of the trustee, and
            ``(E) such other information as the Secretary may require.
        ``(3) Period of reporting.--This subsection shall not apply to 
    any period after the calendar year in which the beneficiary attains 
    age 17.''.
        (2) Qualified able rollover contributions exempt from able 
    contribution limitation.--
            (A) In general.--Section 529A(b)(2)(B) is amended by 
        inserting ``or received in a qualified ABLE rollover 
        contribution described in section 530A(d)(4)(B)'' after 
        ``except as provided in the case of contributions under 
        subsection (c)(1)(C)''.
            (B) Prohibition on excess contributions.--The second 
        sentence of section 529A(b)(6) is amended by inserting ``but do 
        not include any contributions received in a qualified ABLE 
        rollover contribution described in section 530A(d)(4)(B)'' 
        before the period at the end.
            (C) Conforming amendment.--Section 4973(h)(1) is amended by 
        inserting ``or contributions received in a qualified ABLE 
        rollover contribution described in section 530A(d)(4)(B)'' 
        after ``other than contributions under section 529A(c)(1)(C)''.
        (3) Failure to provide reports on trump accounts.--Section 
    6693(a)(2) is amended by striking ``and'' at the end of 
    subparagraph (E), by striking the period at the end of subparagraph 
    (F) and inserting ``, and'', and by inserting after subparagraph 
    (F) the following new subparagraph:
            ``(G) section 530A(i) (relating to Trump accounts).''.
        (4) Clerical amendment.--
            (A) The table of parts for subchapter F of chapter 1 is 
        amended by adding at the end the following new item:

                      ``PART IX--Trump Accounts''.

    (b) Employer Contributions.--
        (1) In general.--Part III of subchapter B of chapter 1 is 
    amended by inserting after section 127 the following new section:
    ``SEC. 128. EMPLOYER CONTRIBUTIONS TO TRUMP ACCOUNTS.
    ``(a) In General.--Gross income of an employee does not include 
amounts paid by the employer as a contribution to the Trump account of 
such employee or of any dependent of such employee if the amounts are 
paid or incurred pursuant to a program which is described in subsection 
(c).
    ``(b) Limitation.--
        ``(1) In general.--The amount which may be excluded under 
    subsection (a) with respect to any employee shall not exceed 
    $2,500.
        ``(2) Inflation adjustment.--
            ``(A) In general.--In the case of any taxable year 
        beginning after 2027, the $2,500 amount in paragraph (1) shall 
        be increased by an amount equal to--
                ``(i) such dollar amount, multiplied by
                ``(ii) the cost-of-living adjustment determined under 
            section 1(f)(3) for the calendar year in which the taxable 
            year begins by substituting `calendar year 2026' for 
            `calendar year 2016' in subparagraph (A)(ii) thereof.
            ``(B) Rounding.--If any increase determined under 
        subparagraph (A) is not a multiple of $100, such increase shall 
        be rounded to the next lowest multiple of $100.
    ``(c) Trump Account Contribution Program.--For purposes of this 
section, a Trump account contribution program is a separate written 
plan of an employer for the exclusive benefit of his employees to 
provide contributions to the Trump accounts of such employees or 
dependents of such employees which meets requirements similar to the 
requirements of paragraphs (2), (3), (6), (7), and (8) of section 
129(d).''.
        (2) Clerical amendment.--The table of sections for part III of 
    subchapter B of chapter 1 is amended by inserting after the item 
    relating to section 127 the following new item:
``Sec. 128. Employer contributions to Trump accounts.''.

    (c) Certain Contributions Excluded From Gross Income.--
        (1) In general.--Part III of subchapter B of chapter 1 is 
    amended by inserting before section 140 the following new section:
``SEC. 139J. CERTAIN CONTRIBUTIONS TO TRUMP ACCOUNTS.
    ``(a) In General.--Gross income of an account beneficiary shall not 
include any qualified general contribution to a Trump account of the 
account beneficiary.
    ``(b) Definitions.--Any term used in this section which is used in 
section 530A shall have the meaning given such term under section 
530A.''.
        (2) Clerical amendment.--The table of sections for part III of 
    subchapter B is amended by inserting before the item relating to 
    section 140 the following new item:
``Sec. 139J. Certain contributions to Trump accounts.''.

    (d) Trump Accounts Contribution Pilot Program.--
        (1) In general.--Subchapter B of chapter 65 is amended by 
    adding at the end the following new section:
``SEC. 6434. TRUMP ACCOUNTS CONTRIBUTION PILOT PROGRAM.
    ``(a) In General.--In the case of an individual who makes an 
election under this section with respect to an eligible child of the 
individual, such eligible child shall be treated as making a payment 
against the tax imposed by subtitle A (for the taxable year for which 
the election was made) in an amount equal to $1,000.
    ``(b) Refund of Payment.--The amount treated as a payment under 
subsection (a) shall be paid by the Secretary to the Trump account with 
respect to which such eligible child is the account beneficiary.
    ``(c) Eligible Child.--For purposes of this section, the term 
`eligible child' means a qualifying child (as defined in section 
152(c))--
        ``(1) who is born after December 31, 2024, and before January 
    1, 2029,
        ``(2) with respect to whom no prior election has been made 
    under this section by such individual or any other individual, and
        ``(3) who is a United States citizen.
    ``(d) Election.--An election under this section shall be made at 
such time and in such manner as the Secretary shall provide.
    ``(e) Social Security Number Required.--
        ``(1) In general.--This section shall not apply to any taxpayer 
    unless such individual includes with the election made under this 
    section the social security number of the eligible child with 
    respect to whom the election is made.
        ``(2) Social security number defined.--For purposes of 
    paragraph (1), the term `social security number' shall have the 
    meaning given such term in section 24(h)(7), determined by 
    substituting `before the date of the election made under section 
    6434' for `before the due date of such return' in subparagraph (B) 
    thereof.
    ``(f) Exception From Reduction or Offset.--Any payment made to any 
individual under this section shall not be--
        ``(1) subject to reduction or offset pursuant to subsection 
    (c), (d), (e), or (f) of section 6402 or any similar authority 
    permitting offset, or
        ``(2) reduced or offset by other assessed Federal taxes that 
    would otherwise be subject to levy or collection.
    ``(g) Special Rule Regarding Interest.--The period determined under 
section 6611(a) with respect to any payment under this section shall 
not begin before January 1, 2028.
    ``(h) Mirror Code Possessions.--In the case of any possession of 
the United States with a mirror code tax system (as defined in section 
24(k)), this section shall not be treated as part of the income tax 
laws of the United States for purposes of determining the income tax 
law of such possession unless such possession elects to have this 
section be so treated.
    ``(i) Definitions.--For purposes of this section, the terms `Trump 
account' and `account beneficiary' have the meaning given such terms in 
section 530A(b).''.
        (2) Penalty for negligent claim or fraudulent claim.--Part I of 
    subchapter A of chapter 68 is amended by adding at the end the 
    following new section:
``SEC. 6659. IMPROPER CLAIM FOR TRUMP ACCOUNT CONTRIBUTION PILOT 
PROGRAM CREDIT.
    ``(a) In General.--In the case of any individual who makes an 
election under section 6434 with respect to an individual who is not an 
eligible child of the taxpayer--
        ``(1) if such election was made due to negligence or disregard 
    of the rules or regulations, there shall be imposed a penalty of 
    $500, or
        ``(2) if such election was made due to fraud, there shall be 
    imposed a penalty of $1,000.
    ``(b) Definitions.--
        ``(1) Eligible child.--The term `eligible child' has the 
    meaning given such term under section 6434.
        ``(2) Negligence; disregard.--The terms `negligence' and 
    `disregard' have the same meaning as when such terms are used in 
    section 6662.''.
        (3) Omission of correct social security number treated as 
    mathematical or clerical error.--Section 6213(g)(2), as amended by 
    the preceding provisions of this Act, is amended by striking 
    ``and'' at the end of subparagraph (Y), by striking the period at 
    the end of subparagraph (Z) and inserting ``, and'', and by 
    inserting after subparagraph (Z) the following new subparagraph:
            ``(AA) an omission of a correct social security number 
        required under section 6434(e)(1) (relating to the Trump 
        accounts contribution pilot program).''.
        (4) Conforming amendments.--
            (A) The table of sections for subchapter B of chapter 65 is 
        amended by adding at the end the following new item:
``Sec. 6434. Trump accounts contribution pilot program.''.

            (B) The table of sections for part I of subchapter A of 
        chapter 68 is amended by inserting after the item relating to 
        section 6658 the following new item:
``Sec. 6659. Improper claim for Trump account contribution pilot program 
          credit.''.

    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
    (f) Funding.--In addition to amounts otherwise available, there is 
appropriated to the Department of the Treasury, out of any money in the 
Treasury not otherwise appropriated, $410,000,000, to remain available 
until September 30, 2034, to carry out the amendments made by this 
section.

CHAPTER 3--ESTABLISHING CERTAINTY AND COMPETITIVENESS FOR AMERICAN JOB 
                                CREATORS

Subchapter A--Permanent U.S. Business Tax Reform and Boosting Domestic 
                               Investment

SEC. 70301. FULL EXPENSING FOR CERTAIN BUSINESS PROPERTY.
    (a) Made Permanent.--
        (1) In general.--Section 168(k)(2)(A) is amended by adding 
    ``and'' at the end of clause (i), by striking ``, and'' at the end 
    of clause (ii) and inserting a period, and by striking clause 
    (iii).
        (2) Property with longer production periods.--Section 
    168(k)(2)(B) is amended--
            (A) in clause (i), by striking subclauses (II) and (III) 
        and redesignating subclauses (IV), (V), and (VI), as subclauses 
        (II), (III), and (IV), respectively, and
            (B) by striking clause (ii) and redesignating clauses (iii) 
        and (iv) as clauses (ii) and (iii), respectively.
        (3) Self-constructed property.--Section 168(k)(2)(E) is amended 
    by striking clause (i) and redesignating clauses (ii) and (iii) as 
    clauses (i) and (ii), respectively.
        (4) Certain plants.--Section 168(k)(5)(A) is amended by 
    striking ``planted before January 1, 2027, or is grafted before 
    such date to a plant that has already been planted,'' in the matter 
    preceding clause (i) and inserting ``planted or grafted''.
        (5) Conforming amendments.--
            (A) Section 168(k)(2)(A)(ii) is amended by striking 
        ``clause (ii) of subparagraph (E)'' and inserting ``clause (i) 
        of subparagraph (E)''.
            (B) Section 168(k)(2)(C)(i) is amended by striking ``and 
        subclauses (II) and (III) of subparagraph (B)(i)''.
            (C) Section 168(k)(2)(C)(ii) is amended by striking 
        ``subparagraph (B)(iii)'' and inserting ``subparagraph 
        (B)(ii)''.
            (D) Section 460(c)(6)(B) is amended by striking ``which'' 
        and all that follows through the period and inserting ``which 
        has a recovery period of 7 years or less.''.
    (b) 100 Percent Expensing.--
        (1) In general.--Section 168(k) is amended--
            (A) in paragraph (1)(A), by striking ``the applicable 
        percentage'' and inserting ``100 percent'', and
            (B) by striking paragraphs (6) and (8).
        (2) Certain plants.--Section 168(k)(5)(A)(i) is amended by 
    striking ``the applicable percentage'' and inserting ``100 
    percent''.
        (3) Transitional election of reduced percentage.--Section 
    168(k)(10) is amended by striking subparagraph (A), by 
    redesignating subparagraph (B) as subparagraph (C), and by 
    inserting before subparagraph (C) (as so redesignated) the 
    following new subparagraphs:
            ``(A) In general.--In the case of qualified property placed 
        in service by the taxpayer during the first taxable year ending 
        after January 19, 2025, if the taxpayer elects to have this 
        paragraph apply for such taxable year, paragraph (1)(A) shall 
        be applied--
                ``(i) in the case of property which is not described in 
            clause (ii), by substituting `40 percent' for `100 
            percent', or
                ``(ii) in the case of property which is described in 
            subparagraph (B) or (C) of paragraph (2), by substituting 
            `60 percent' for `100 percent'.
            ``(B) Specified plants.--In the case of any specified plant 
        planted or grafted by the taxpayer during the first taxable 
        year ending after January 19, 2025, if the taxpayer elects to 
        have this paragraph apply for such taxable year, paragraph 
        (5)(A)(i) shall be applied by substituting `40 percent' for 
        `100 percent'.''.
    (c) Effective Date.--
        (1) In general.--Except as otherwise provided in this 
    subsection, the amendments made by this section shall apply to 
    property acquired after January 19, 2025.
        (2) Specified plants.--Except as provided in paragraph (3), in 
    the case of any specified plant (as defined in section 168(k)(5)(B) 
    of the Internal Revenue Code of 1986, as amended by this section), 
    the amendments made by this section shall apply to such plants 
    which are planted or grafted after January 19, 2025.
        (3) Transitional election of reduced percentage.--The amendment 
    made by subsection (b)(3) shall apply to taxable years ending after 
    January 19, 2025.
        (4) Acquisition date determination.--For purposes of paragraph 
    (1), property shall not be treated as acquired after the date on 
    which a written binding contract is entered into for such 
    acquisition.
SEC. 70302. FULL EXPENSING OF DOMESTIC RESEARCH AND EXPERIMENTAL 
EXPENDITURES.
    (a) In General.--Part VI of subchapter B of chapter 1 is amended by 
inserting after section 174 the following new section:
``SEC. 174A. DOMESTIC RESEARCH OR EXPERIMENTAL EXPENDITURES.
    ``(a) Treatment as Expenses.--Notwithstanding section 263, there 
shall be allowed as a deduction any domestic research or experimental 
expenditures which are paid or incurred by the taxpayer during the 
taxable year.
    ``(b) Domestic Research or Experimental Expenditures.--For purposes 
of this section, the term `domestic research or experimental 
expenditures' means research or experimental expenditures paid or 
incurred by the taxpayer in connection with the taxpayer's trade or 
business other than such expenditures which are attributable to foreign 
research (within the meaning of section 41(d)(4)(F)).
    ``(c) Amortization of Certain Domestic Research or Experimental 
Expenditures.--
        ``(1) In general.--At the election of the taxpayer, made in 
    accordance with regulations or other guidance provided by the 
    Secretary, in the case of domestic research or experimental 
    expenditures which would (but for subsection (a)) be chargeable to 
    capital account but not chargeable to property of a character which 
    is subject to the allowance under section 167 (relating to 
    allowance for depreciation, etc.) or section 611 (relating to 
    allowance for depletion), subsection (a) shall not apply and the 
    taxpayer shall--
            ``(A) charge such expenditures to capital account, and
            ``(B) be allowed an amortization deduction of such 
        expenditures ratably over such period of not less than 60 
        months as may be selected by the taxpayer (beginning with the 
        month in which the taxpayer first realizes benefits from such 
        expenditures).
        ``(2) Time for and scope of election.--The election provided by 
    paragraph (1) may be made for any taxable year, but only if made 
    not later than the time prescribed by law for filing the return for 
    such taxable year (including extensions thereof). The method so 
    elected, and the period selected by the taxpayer, shall be adhered 
    to in computing taxable income for the taxable year for which the 
    election is made and for all subsequent taxable years unless, with 
    the approval of the Secretary, a change to a different method (or 
    to a different period) is authorized with respect to part or all of 
    such expenditures. The election shall not apply to any expenditure 
    paid or incurred during any taxable year before the taxable year 
    for which the taxpayer makes the election.
    ``(d) Special Rules.--
        ``(1) Land and other property.--This section shall not apply to 
    any expenditure for the acquisition or improvement of land, or for 
    the acquisition or improvement of property to be used in connection 
    with the research or experimentation and of a character which is 
    subject to the allowance under section 167 (relating to allowance 
    for depreciation, etc.) or section 611 (relating to allowance for 
    depletion); but for purposes of this section allowances under 
    section 167, and allowances under section 611, shall be considered 
    as expenditures.
        ``(2) Exploration expenditures.--This section shall not apply 
    to any expenditure paid or incurred for the purpose of ascertaining 
    the existence, location, extent, or quality of any deposit of ore 
    or other mineral (including oil and gas).
        ``(3) Software development.--For purposes of this section, any 
    amount paid or incurred in connection with the development of any 
    software shall be treated as a research or experimental 
    expenditure.''.
    (b) Coordination With Certain Other Provisions.--
        (1) Foreign research expenses.--Section 174 is amended--
            (A) in subsection (a)--
                (i) by striking ``a taxpayer's specified research or 
            experimental expenditures'' and inserting ``a taxpayer's 
            foreign research or experimental expenditures'', and
                (ii) by striking ``over the 5-year period (15-year 
            period in the case of any specified research or 
            experimental expenditures which are attributable to foreign 
            research (within the meaning of section 41(d)(4)(F)))'' in 
            paragraph (2)(B) and inserting ``over the 15-year period'',
            (B) in subsection (b)--
                (i) by striking ``specified research'' and inserting 
            ``foreign research'',
                (ii) by inserting ``and which are attributable to 
            foreign research (within the meaning of section 
            41(d)(4)(F))'' before the period at the end, and
                (iii) by striking ``Specified'' in the heading thereof 
            and inserting ``Foreign'', and
            (C) in subsection (d)--
                (i) by striking ``specified research or experimental 
            expenditures'' and inserting ``foreign research or 
            experimental expenditures'', and
                (ii) by inserting ``or reduction to amount realized'' 
            after ``no deduction''.
        (2) Research credit.--
            (A) Section 41(d)(1)(A) is amended to read as follows:
            ``(A) with respect to which expenditures are treated as 
        domestic research or experimental expenditures under section 
        174A,''.
            (B) Section 280C(c)(1) is amended to read as follows:
        ``(1) In general.--The domestic research or experimental 
    expenditures (as defined in section 174A(b)) otherwise taken into 
    account as a deduction or charged to capital account under this 
    chapter shall be reduced by the amount of the credit allowed under 
    section 41(a).''.
        (3) AMT adjustment.--Section 56(b)(2) is amended--
            (A) in subparagraph (A)--
                (i) by striking ``or 174(a)'' in the matter preceding 
            clause (i) and inserting ``, 174(a), or 174A(a)'', and
                (ii) by striking ``research and experimental 
            expenditures described in section 174(a)'' in clause (ii) 
            thereof and inserting ``foreign research or experimental 
            expenditures described in section 174(a) and domestic 
            research or experimental expenditures in section 174A(a)'', 
            and
            (B) in subparagraph (C), by inserting ``or 174A(a)'' after 
        ``174(a)''.
        (4) Optional 10-year writeoff.--Section 59(e)(2)(B) is amended 
    by striking ``section 174(a) (relating to research and experimental 
    expenditures)'' and inserting ``section 174A(a) (relating to 
    domestic research or experimental expenditures)''.
        (5) Qualified small issue bonds.--Section 144(a)(4)(C)(iv) is 
    amended by striking ``174(a)'' and inserting ``174A(a)''.
        (6) Start-up expenditures.--Section 195(c)(1) is amended by 
    striking ``or 174'' in the last sentence and inserting ``174, or 
    174A''.
        (7) Capital expenditures.--
            (A) Section 263(a)(1)(B) is amended by inserting ``or 
        174A'' after ``174''.
            (B) Section 263A(c)(2) is amended by inserting ``or 174A'' 
        after ``174''.
        (8) Active business computer software royalties.--Section 
    543(d)(4)(A)(i) is amended by inserting ``174A,'' after ``174,''.
        (9) Source rules.--Section 864(g)(2) is amended--
            (A) by striking ``research and experimental expenditures 
        within the meaning of section 174'' in the first sentence and 
        inserting ``foreign research or experimental expenditures 
        within the meaning of section 174 or domestic research or 
        experimental expenditures within the meaning of section 174A'', 
        and
            (B) in the last sentence--
                (i) by striking ``treated as deferred expenses under 
            subsection (b) of section 174'' and inserting ``allowed as 
            an amortization deduction under section 174(a) or section 
            174A(c),'', and
                (ii) by striking ``such subsection'' and inserting 
            ``such section (as the case may be)''.
        (10) Basis adjustment.--Section 1016(a)(14) is amended by 
    striking ``deductions as deferred expenses under section 174(b)(1) 
    (relating to research and experimental expenditures)'' and 
    inserting ``deductions under section 174 or 174A(c)''.
        (11) Small business stock.--Section 1202(e)(2)(B) is amended by 
    striking ``which may be treated as research and experimental 
    expenditures under section 174'' and inserting ``which are treated 
    as foreign research or experimental expenditures under section 174 
    or domestic research or experimental expenditures under section 
    174A''.
    (c) Change in Method of Accounting.--
        (1) In general.--The amendments made by subsection (a) shall be 
    treated as a change in method of accounting for purposes of section 
    481 of the Internal Revenue Code of 1986 and--
            (A) such change shall be treated as initiated by the 
        taxpayer,
            (B) such change shall be treated as made with the consent 
        of the Secretary, and
            (C) such change shall be applied only on a cut-off basis 
        for any domestic research or experimental expenditures (as 
        defined in section 174A(b) of such Code (as added by this 
        section) and determined by applying the rules of section 
        174A(d) of such Code) paid or incurred in taxable years 
        beginning after December 31, 2024, and no adjustments under 
        section 481(a) shall be made.
        (2) Special rules.--In the case of a taxable year which begins 
    after December 31, 2024, and ends before the date of the enactment 
    of this Act--
            (A) paragraph (1)(C) shall not apply, and
            (B) the change in method of accounting under paragraph (1) 
        shall be applied on a modified cut-off basis, taking into 
        account for purposes of section 481(a) of such Code only the 
        domestic research or experimental expenditures (as defined in 
        section 174A(b) of such Code (as added by this section) and 
        determined by applying the rules of section 174A(d) of such 
        Code) paid or incurred in such taxable year but not allowed as 
        a deduction in such taxable year.
    (d) Clerical Amendment.--The table of sections for part VI of 
subchapter B of chapter 1 is amended by inserting after the item 
relating to section 174 the following new item:
``Sec. 174A. Domestic research or experimental expenditures.''.

    (e) Effective Date.--
        (1) In general.--Except as otherwise provided in this 
    subsection or subsection (f)(1), the amendments made by this 
    section shall apply to amounts paid or incurred in taxable years 
    beginning after December 31, 2024.
        (2) Treatment of foreign research or experimental expenditures 
    upon disposition.--
            (A) In general.--The amendment by subsection (b)(1)(C)(ii) 
        shall apply to property disposed, retired, or abandoned after 
        May 12, 2025.
            (B) No inference.--The amendment made by subsection 
        (b)(1)(C)(ii) shall not be construed to create any inference 
        with respect to the proper application of section 174(d) of the 
        Internal Revenue Code of 1986 with respect to taxable years 
        beginning before May 13, 2025.
        (3) Coordination with research credit.--The amendment made by 
    subsection (b)(2)(B) shall apply to taxable years beginning after 
    December 31, 2024.
        (4) No inference with respect to coordination with research 
    credit for prior periods.--The amendment made by subsection 
    (b)(2)(B) shall not be construed to create any inference with 
    respect to the proper application of section 280C(c) of the 
    Internal Revenue Code of 1986 with respect to taxable years 
    beginning before January 1, 2025.
    (f) Transition Rules.--
        (1) Election for retroactive application by certain small 
    businesses.--
            (A) In general.--At the election of an eligible taxpayer, 
        paragraphs (1) and (3) of subsection (e) shall each be applied 
        by substituting ``December 31, 2021'' for ``December 31, 
        2024''. An election made under this subparagraph shall be made 
        in such manner as the Secretary may provide and not later than 
        the date that is 1 year after the date of the enactment of this 
        Act. The taxpayer shall file an amended return for each taxable 
        year affected by such election.
            (B) Eligible taxpayer.--For purposes of this paragraph, the 
        term ``eligible taxpayer'' means any taxpayer (other than a tax 
        shelter prohibited from using the cash receipts and 
        disbursements method of accounting under section 448(a)(3)) 
        which meets the gross receipts test of section 448(c) for the 
        first taxable year beginning after December 31, 2024.
            (C) Election treated as change in method of accounting.--In 
        the case of any taxpayer which elects the application of 
        subparagraph (A)--
                (i) such election may be treated as a change in method 
            of accounting for purposes of section 481 of such Code for 
            the taxpayer's first taxable year affected by such 
            election,
                (ii) such change shall be treated as initiated by the 
            taxpayer for such taxable year,
                (iii) such change shall be treated as made with the 
            consent of the Secretary, and
                (iv) subsection (c) shall not apply to such taxpayer.
            (D) Election regarding coordination with research credit.--
        An election under section 280C(c)(2) of the Internal Revenue 
        Code of 1986 (or revocation of such election) for any taxable 
        year beginning after December 31, 2021, by an eligible taxpayer 
        making an election under subparagraph (A) shall not fail to be 
        treated as timely made (or as made on the return) if made 
        during the 1-year period beginning on the date of the enactment 
        of this Act on an amended return for such taxable year.
        (2) Election to deduct certain unamortized amounts paid or 
    incurred in taxable years beginning before january 1, 2025.--
            (A) In general.--In the case of any domestic research or 
        experimental expenditures (as defined in section 174A, as added 
        by subsection (a)) which are paid or incurred in taxable years 
        beginning after December 31, 2021, and before January 1, 2025, 
        and which was charged to capital account, a taxpayer may 
        elect--
                (i) to deduct any remaining unamortized amount with 
            respect to such expenditures in the first taxable year 
            beginning after December 31, 2024, or
                (ii) to deduct such remaining unamortized amount with 
            respect to such expenditures ratably over the 2-taxable 
            year period beginning with the first taxable year beginning 
            after December 31, 2024.
            (B) Change in method of accounting.--In the case of a 
        taxpayer who makes an election under this paragraph--
                (i) such taxpayer shall be treated as initiating a 
            change in method of accounting for purposes of section 481 
            of the Internal Revenue Code of 1986 with respect to the 
            expenditures to which the election applies,
                (ii) such change shall be treated as made with the 
            consent of the Secretary, and
                (iii) such change shall be applied only on a cut-off 
            basis for such expenditures and no adjustments under 
            section 481(a) shall be made.
            (C) Regulations.--The Secretary of the Treasury (or the 
        Secretary's delegate) shall publish such guidance or 
        regulations as may be necessary to carry out the purposes of 
        this paragraph, including regulations or guidance allowing for 
        the deduction allowed under subparagraph (A) in the case of 
        taxpayers with taxable years beginning after December 31, 2024, 
        and ending before the date of the enactment of this Act.
SEC. 70303. MODIFICATION OF LIMITATION ON BUSINESS INTEREST.
    (a) In General.--Section 163(j)(8)(A)(v) is amended by striking 
``in the case of taxable years beginning before January 1, 2022,''.
    (b) Floor Plan Financing Applicable to Certain Trailers and 
Campers.--Section 163(j)(9)(C) is amended by adding at the end the 
following new flush sentence:
        ``Such term shall also include any trailer or camper which is 
        designed to provide temporary living quarters for recreational, 
        camping, or seasonal use and is designed to be towed by, or 
        affixed to, a motor vehicle.''.
    (c) Effective Date and Special Rule.--
        (1) In general.--The amendments made by this section shall 
    apply to taxable years beginning after December 31, 2024.
        (2) Special rule for short taxable years.--The Secretary of the 
    Treasury (or the Secretary's delegate) may prescribe such rules as 
    are necessary or appropriate to provide for the application of the 
    amendments made by this section in the case of any taxable year of 
    less than 12 months that begins after December 31, 2024, and ends 
    before the date of the enactment of this Act.
SEC. 70304. EXTENSION AND ENHANCEMENT OF PAID FAMILY AND MEDICAL LEAVE 
CREDIT.
    (a) In General.--Section 45S is amended--
        (1) in subsection (a)--
            (A) by striking paragraph (1) and inserting the following:
        ``(1) In general.--For purposes of section 38, in the case of 
    an eligible employer, the paid family and medical leave credit is 
    an amount equal to either of the following (as elected by such 
    employer):
            ``(A) The applicable percentage of the amount of wages paid 
        to qualifying employees with respect to any period in which 
        such employees are on family and medical leave.
            ``(B) If such employer has an insurance policy with regards 
        to the provision of paid family and medical leave which is in 
        force during the taxable year, the applicable percentage of the 
        total amount of premiums paid or incurred by such employer 
        during such taxable year with respect to such insurance 
        policy.'', and
            (B) by adding at the end the following:
        ``(3) Rate of payment determined without regard to whether 
    leave is taken.--For purposes of determining the applicable 
    percentage with respect to paragraph (1)(B), the rate of payment 
    under the insurance policy shall be determined without regard to 
    whether any qualifying employees were on family and medical leave 
    during the taxable year.'',
        (2) in subsection (b)(1), by striking ``credit allowed'' and 
    inserting ``wages taken into account'',
        (3) in subsection (c), by striking paragraphs (3) and (4) and 
    inserting the following:
        ``(3) Aggregation rule.--
            ``(A) In general.--Except as provided in subparagraph (B), 
        all persons which are treated as a single employer under 
        subsections (b) and (c) of section 414 shall be treated as a 
        single employer.
            ``(B) Exception.--
                ``(i) In general.--Subparagraph (A) shall not apply to 
            any person who establishes to the satisfaction of the 
            Secretary that such person has a substantial and legitimate 
            business reason for failing to provide a written policy 
            described in paragraph (1) or (2).
                ``(ii) Substantial and legitimate business reason.--For 
            purposes of clause (i), the term `substantial and 
            legitimate business reason' shall not include the operation 
            of a separate line of business, the rate of wages or 
            category of jobs for employees (or any similar basis), or 
            the application of State or local laws relating to family 
            and medical leave, but may include the grouping of 
            employees of a common law employer.
        ``(4) Treatment of benefits mandated or paid for by state or 
    local governments.--For purposes of this section, any leave which 
    is paid by a State or local government or required by State or 
    local law--
            ``(A) except as provided in subparagraph (B), shall be 
        taken into account in determining the amount of paid family and 
        medical leave provided by the employer, and
            ``(B) shall not be taken into account in determining the 
        amount of the paid family and medical leave credit under 
        subsection (a).'',
        (4) in subsection (d)--
            (A) in paragraph (1), by inserting ``(or, at the election 
        of the employer, for not less than 6 months)'' after ``1 year 
        or more'',
            (B) in paragraph (2)--
                (i) by inserting ``, as determined on an annualized 
            basis (pro-rata for part-time employees),'' after 
            ``compensation'', and
                (ii) by striking the period at the end and inserting 
            ``, and'', and
            (C) by adding at the end the following:
        ``(3) is customarily employed for not less than 20 hours per 
    week.'', and
        (5) by striking subsection (i).
    (b) No Double Benefit.--Section 280C(a) is amended--
        (1) by striking ``45S(a)'' and inserting ``45S(a)(1)(A)'', and
        (2) by inserting after the first sentence the following: ``No 
    deduction shall be allowed for that portion of the premiums paid or 
    incurred for the taxable year which is equal to that portion of the 
    paid family and medical leave credit which is determined for the 
    taxable year under section 45S(a)(1)(B).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70305. EXCEPTIONS FROM LIMITATIONS ON DEDUCTION FOR BUSINESS 
MEALS.
    (a) Exception to Denial of Deduction for Business Meals.--Section 
274(o), as added by section 13304 of Public Law 115-97, is amended by 
striking ``No deduction'' and inserting ``Except in the case of an 
expense described in subsection (e)(8) or (n)(2)(C), no deduction''.
    (b) Meals Provided on Certain Fishing Boats and at Certain Fish 
Processing Facilities Not Subject to 50 Percent Limitation.--Section 
274(n)(2)(C) of the Internal Revenue Code of 1986 is amended by 
striking ``or'' at the end of clause (iii) and by adding at the end the 
following new clause:
                ``(v) provided--

                    ``(I) on a fishing vessel, fish processing vessel, 
                or fish tender vessel (as such terms are defined in 
                section 2101 of title 46, United States Code), or
                    ``(II) at a facility for the processing of fish for 
                commercial use or consumption which--

                        ``(aa) is located in the United States north of 
                    50 degrees north latitude, and
                        ``(bb) is not located in a metropolitan 
                    statistical area (within the meaning of section 
                    143(k)(2)(B)), or''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after December 31, 2025.
SEC. 70306. INCREASED DOLLAR LIMITATIONS FOR EXPENSING OF CERTAIN 
DEPRECIABLE BUSINESS ASSETS.
    (a) In General.--Section 179(b) is amended--
        (1) in paragraph (1), by striking ``$1,000,000'' and inserting 
    ``$2,500,000'', and
        (2) in paragraph (2), by striking ``$2,500,000'' and inserting 
    ``$4,000,000''.
    (b) Conforming Amendments.--Section 179(b)(6)(A) is amended--
        (1) by inserting ``(2025 in the case of the dollar amounts in 
    paragraphs (1) and (2))'' after ``In the case of any taxable year 
    beginning after 2018'', and
        (2) in clause (ii), by striking ``determined by substituting 
    `calendar year 2017' for `calendar year 2016' in subparagraph 
    (A)(ii) thereof.'' and inserting "determined by substituting in 
    subparagraph (A)(ii) thereof-- ``

                    ``(I) in the case of amounts in paragraphs (1) and 
                (2), `calendar year 2024' for `calendar year 2016', and
                    ``(II) in the case of the amount in paragraph 
                (5)(A), `calendar year 2017' for `calendar year 
                2016'.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service in taxable years beginning after 
December 31, 2024.
SEC. 70307. SPECIAL DEPRECIATION ALLOWANCE FOR QUALIFIED PRODUCTION 
PROPERTY.
    (a) In General.--Section 168 is amended by adding at the end the 
following new subsection:
    ``(n) Special Allowance for Qualified Production Property.--
        ``(1) In general.--In the case of any qualified production 
    property of a taxpayer making an election under this subsection--
            ``(A) the depreciation deduction provided by section 167(a) 
        for the taxable year in which such property is placed in 
        service shall include an allowance equal to 100 percent of the 
        adjusted basis of the qualified production property, and
            ``(B) the adjusted basis of the qualified production 
        property shall be reduced by the amount of such deduction 
        before computing the amount otherwise allowable as a 
        depreciation deduction under this chapter for such taxable year 
        and any subsequent taxable year.
        ``(2) Qualified production property.--For purposes of this 
    subsection--
            ``(A) In general.--The term `qualified production property' 
        means that portion of any nonresidential real property--
                ``(i) to which this section applies,
                ``(ii) which is used by the taxpayer as an integral 
            part of a qualified production activity,
                ``(iii) which is placed in service in the United States 
            or any possession of the United States,
                ``(iv) the original use of which commences with the 
            taxpayer,
                ``(v) the construction of which begins after January 
            19, 2025, and before January 1, 2029,
                ``(vi) which is designated by the taxpayer in the 
            election made under this subsection, and
                ``(vii) which is placed in service before January 1, 
            2031.
        For purposes of clause (ii), in the case of property with 
        respect to which the taxpayer is a lessor, property used by a 
        lessee shall not be considered to be used by the taxpayer as 
        part of a qualified production activity.
            ``(B) Special rule for certain property not previously used 
        in qualified production activities.--
                ``(i) In general.--In the case of property acquired by 
            the taxpayer during the period described in subparagraph 
            (A)(v), the requirements of clauses (iv) and (v) of 
            subparagraph (A) shall be treated as satisfied if--

                    ``(I) such property was not used in a qualified 
                production activity (determined without regard to the 
                second sentence of subparagraph (D)) by any person at 
                any time during the period beginning on January 1, 
                2021, and ending on May 12, 2025,
                    ``(II) such property was not used by the taxpayer 
                at any time prior to such acquisition, and
                    ``(III) the acquisition of such property meets the 
                requirements of paragraphs (2)(A), (2)(B), (2)(C), and 
                (3) of section 179(d).

                ``(ii) Written binding contracts.--For purposes of 
            determining under clause (i)--

                    ``(I) whether such property is acquired before the 
                period described in subparagraph (A)(v), such property 
                shall be treated as acquired not later than the date on 
                which the taxpayer enters into a written binding 
                contract for such acquisition, and
                    ``(II) whether such property is acquired after such 
                period, such property shall be treated as acquired not 
                earlier than such date.

            ``(C) Exclusion of office space, etc.--The term `qualified 
        production property' shall not include that portion of any 
        nonresidential real property which is used for offices, 
        administrative services, lodging, parking, sales activities, 
        research activities, software development or engineering 
        activities, or other functions unrelated to the manufacturing, 
        production, or refining of tangible personal property.
            ``(D) Qualified production activity.--The term `qualified 
        production activity' means the manufacturing, production, or 
        refining of a qualified product. The activities of any taxpayer 
        do not constitute manufacturing, production, or refining of a 
        qualified product unless the activities of such taxpayer result 
        in a substantial transformation of the property comprising the 
        product.
            ``(E) Production.--The term `production' shall not include 
        activities other than agricultural production and chemical 
        production.
            ``(F) Qualified product.--The term `qualified product' 
        means any tangible personal property if such property is not a 
        food or beverage prepared in the same building as a retail 
        establishment in which such property is sold.
            ``(G) Syndication.--For purposes of subparagraph (A)(iv), 
        rules similar to the rules of subsection (k)(2)(E)(iii) shall 
        apply.
            ``(H) Extension of placed in service date under certain 
        circumstances.--The Secretary may extend the date under 
        subparagraph (A)(vii) with respect to any property that meets 
        the requirements of clauses (i) through (vi) of subparagraph 
        (A) if the Secretary determines that an act of God (as defined 
        in section 101(1) of the Comprehensive Environmental Response, 
        Compensation, and Liability Act of 1980) prevents the taxpayer 
        from placing such property in service before such date.
        ``(3) Deduction allowed in computing minimum tax.--For purposes 
    of determining alternative minimum taxable income under section 55, 
    the deduction under section 167 for qualified production property 
    shall be determined under this section without regard to any 
    adjustment under section 56.
        ``(4) Coordination with certain other provisions.--
            ``(A) Other special depreciation allowances.--For purposes 
        of subsections (k)(7), (l)(3)(D), and (m)(2)(B)(iii)--
                ``(i) qualified production property shall be treated as 
            a separate class of property, and
                ``(ii) the taxpayer shall be treated as having made an 
            election under such subsections with respect to such class.
            ``(B) Alternative depreciation property.--The term 
        `qualified production property' shall not include any property 
        to which the alternative depreciation system under subsection 
        (g) applies. For purposes of subsection (g)(7)(A), qualified 
        production property to which this subsection applies shall be 
        treated as separate nonresidential real property.
        ``(5) Recapture.--If, at any time during the 10-year period 
    beginning on the date that any qualified production property is 
    placed in service by the taxpayer, such property ceases to be used 
    as described in paragraph (2)(A)(ii) and is used by the taxpayer in 
    a productive use not described in paragraph (2)(A)(ii)--
            ``(A) section 1245 shall be applied--
                ``(i) by treating such property as having been disposed 
            of by the taxpayer as of the first time such property is so 
            used in a productive use not described in paragraph 
            (2)(A)(ii), and
                ``(ii) by treating the amount described in subparagraph 
            (B) of section 1245(a)(1) with respect to such disposition 
            as being not less than the amount described in subparagraph 
            (A) of such section, and
            ``(B) the basis of the taxpayer in such property, and the 
        taxpayer's allowance for depreciation with respect to such 
        property, shall be appropriately adjusted to take into account 
        amounts recognized by reason of subparagraph (A).
        ``(6) Election.--
            ``(A) In general.--An election under this subsection for 
        any taxable year shall--
                ``(i) specify the nonresidential real property subject 
            to the election and the portion of such property designated 
            under paragraph (2)(A)(vi), and
                ``(ii) except as otherwise provided by the Secretary, 
            be made on the taxpayer's return of the tax imposed by this 
            chapter for the taxable year.
        Such election shall be made in such manner as the Secretary may 
        prescribe by regulations or other guidance.
            ``(B) Election.--Any election made under this subsection, 
        and any specification contained in any such election, may not 
        be revoked except with the consent of the Secretary (and the 
        Secretary shall provide such consent only in extraordinary 
        circumstances).
        ``(7) Regulations.--The Secretary shall issue such regulations 
    or other guidance as may be necessary or appropriate to carry out 
    the purposes of this subsection, including regulations or other 
    guidance--
            ``(A) providing rules for regarding what constitutes 
        substantial transformation of property which are consistent 
        with guidance provided under section 954(d), and
            ``(B) providing for the application of paragraph (5) with 
        respect to a change in use described in such paragraph by a 
        transferee following a fully or partially tax free transfer of 
        qualified production property.''.
    (b) Treatment of Qualified Production Property as Section 1245 
Property.--Section 1245(a)(3) is amended by striking ``or'' at the end 
of subparagraph (E), by striking the period at the end of subparagraph 
(F) and inserting ``, or'', and by adding at the end the following new 
subparagraph:
            ``(G) any qualified production property (as defined in 
        section 168(n)(2)).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.
SEC. 70308. ENHANCEMENT OF ADVANCED MANUFACTURING INVESTMENT CREDIT.
    (a) In General.--Section 48D(a) is amended by striking ``25 
percent'' and inserting ``35 percent''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2025.
SEC. 70309. SPACEPORTS ARE TREATED LIKE AIRPORTS UNDER EXEMPT FACILITY 
BOND RULES.
    (a) In General.--Section 142(a)(1) is amended to read as follows:
        ``(1) airports and spaceports,''.
    (b) Treatment of Ground Leases.--Section 142(b)(1) is amended by 
adding at the end the following new subparagraph:
            ``(C) Special rule for spaceport ground leases.--For 
        purposes of subparagraph (A), spaceport property located on 
        land leased by a governmental unit from the United States shall 
        not fail to be treated as owned by a governmental unit if the 
        requirements of this paragraph are met by the lease and any 
        subleases of the property.''.
    (c) Definition of Spaceport.--Section 142 is amended by adding at 
the end the following new subsection:
    ``(p) Spaceport.--
        ``(1) In general.--For purposes of subsection (a)(1), the term 
    `spaceport' means any facility located at or in close proximity to 
    a launch site or reentry site used for--
            ``(A) manufacturing, assembling, or repairing spacecraft, 
        space cargo, other facilities described in this paragraph, or 
        any component of the foregoing,
            ``(B) flight control operations,
            ``(C) providing launch services and reentry services, or
            ``(D) transferring crew, spaceflight participants, or space 
        cargo to or from spacecraft.
        ``(2) Additional terms.--For purposes of paragraph (1)--
            ``(A) Space cargo.--The term `space cargo' includes 
        satellites, scientific experiments, other property transported 
        into space, and any other type of payload, whether or not such 
        property returns from space.
            ``(B) Spacecraft.--The term `spacecraft' means a launch 
        vehicle or a reentry vehicle.
            ``(C) Other terms.--The terms `launch site', `crew', `space 
        flight participant', `launch services', `launch vehicle', 
        `payload', `reentry services', `reentry site', a `reentry 
        vehicle' shall have the respective meanings given to such terms 
        by section 50902 of title 51, United States Code (as in effect 
        on the date of enactment of this subsection).
        ``(3) Public use requirement.--A facility shall not be required 
    to be available for use by the general public to be treated as a 
    spaceport for purposes of this section.
        ``(4) Manufacturing facilities and industrial parks allowed.--
    With respect to spaceports, subsection (c)(2)(E) shall not apply to 
    spaceport property described in paragraph (1)(A).''.
    (d) Exception From Federally Guaranteed Bond Prohibition.--Section 
149(b)(3) is amended by adding at the end the following new 
subparagraph:
            ``(F) Exception for spaceports.--A bond shall not be 
        treated as federally guaranteed merely because of the payment 
        of rent, user fees, or other charges by the United States (or 
        any agency or instrumentality thereof) in exchange for the use 
        of the spaceport by the United States (or any agency or 
        instrumentality thereof).''.
    (e) Conforming Amendment.--The heading for section 142(c) is 
amended by inserting ``Spaceports,'' after ``Airports,''.
    (f) Effective Date.--The amendments made by this section shall 
apply to obligations issued after the date of the enactment of this 
Act.

    Subchapter B--Permanent America-first International Tax Reforms

                       PART I--FOREIGN TAX CREDIT

SEC. 70311. MODIFICATIONS RELATED TO FOREIGN TAX CREDIT LIMITATION.
    (a) Rules for Allocation of Certain Deductions to Foreign Source 
Net CFC Tested Income for Purposes of Foreign Tax Credit Limitation.--
Section 904(b) is amended by adding at the end the following new 
paragraph:
        ``(5) Deductions treated as allocable to foreign source net cfc 
    tested income.--Solely for purposes of the application of 
    subsection (a) with respect to amounts described in subsection 
    (d)(1)(A), the taxpayer's taxable income from sources without the 
    United States shall be determined by allocating and apportioning--
            ``(A) any deduction allowed under section 250(a)(1)(B) (and 
        any deduction allowed under section 164(a)(3) for taxes imposed 
        on amounts described in section 250(a)(1)(B)) to such income,
            ``(B) no amount of interest expense or research and 
        experimental expenditures to such income, and
            ``(C) any other deduction to such income only if such 
        deduction is directly allocable to such income.
    Any amount or deduction which would (but for subparagraphs (B) and 
    (C)) have been allocated or apportioned to such income shall only 
    be allocated or apportioned to income which is from sources within 
    the United States.''.
    (b) Other Modifications.--
        (1) Section 904(d)(2)(H)(i) is amended by striking ``paragraph 
    (1)(B)'' and inserting ``paragraph (1)(D)''.
        (2) Section 904(d)(4)(C)(ii) is amended by striking ``paragraph 
    (1)(A)'' and inserting ``paragraph (1)(C)''.
        (3) Section 951A(f)(1)(A) is amended by striking ``904(h)(1)'' 
    and inserting ``904(h)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70312. MODIFICATIONS TO DETERMINATION OF DEEMED PAID CREDIT FOR 
TAXES PROPERLY ATTRIBUTABLE TO TESTED INCOME.
    (a) Increase in Deemed Paid Credit.--
        (1) In general.--Section 960(d)(1) is amended by striking ``80 
    percent'' and inserting ``90 percent''.
        (2) Gross up for deemed paid foreign tax credit.--Section 78 is 
    amended--
            (A) by striking ``subsections (a), (b), and (d)'' and 
        inserting ``subsections (a) and (d)'', and
            (B) by striking ``80 percent'' and inserting ``90 
        percent''.
    (b) Disallowance of Foreign Tax Credit With Respect to 
Distributions of Previously Taxed Net CFC Tested Income.--Section 
960(d) is amended by adding at the end the following new paragraph:
        ``(4) Disallowance of foreign tax credit with respect to 
    distributions of previously taxed net cfc tested income.--No credit 
    shall be allowed under section 901 for 10 percent of any foreign 
    income taxes paid or accrued (or deemed paid under subsection 
    (b)(1)) with respect to any amount excluded from gross income under 
    section 959(a) by reason of an inclusion in gross income under 
    section 951A(a).''.
    (c) Effective Dates.--
        (1) In general.--The amendments made by subsection (a) shall 
    apply to taxable years beginning after December 31, 2025.
        (2) Disallowance.--The amendment made by subsection (b) shall 
    apply to foreign income taxes paid or accrued (or deemed paid under 
    section 960(b)(1) of the Internal Revenue Code of 1986) with 
    respect to any amount excluded from gross income under section 
    959(a) of such Code by reason of an inclusion in gross income under 
    section 951A(a) of such Code after June 28, 2025.
SEC. 70313. SOURCING CERTAIN INCOME FROM THE SALE OF INVENTORY PRODUCED 
IN THE UNITED STATES.
    (a) In General.--Section 904(b), as amended by section 70311, is 
amended by adding at the end the following new paragraph:
        ``(6) Source rules for certain inventory produced in the united 
    states and sold through foreign branches.--For purposes of this 
    section, if a United States person maintains an office or other 
    fixed place of business in a foreign country (determined under 
    rules similar to the rules of section 864(c)(5)), the portion of 
    income which--
            ``(A) is from the sale or exchange outside the United 
        States of inventory property (within the meaning of section 
        865(i)(1))--
                ``(i) which is produced in the United States,
                ``(ii) which is for use outside the United States, and
                ``(iii) to which the third sentence of section 863(b) 
            applies, and
            ``(B) is attributable (determined under rules similar to 
        the rules of section 864(c)(5)) to such office or other fixed 
        place of business,
    shall be treated as from sources without the United States, except 
    that the amount so treated shall not exceed 50 percent of the 
    income from the sale or exchange of such inventory property.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.

 PART II--FOREIGN-DERIVED DEDUCTION ELIGIBLE INCOME AND NET CFC TESTED 
                                 INCOME

SEC. 70321. MODIFICATION OF DEDUCTION FOR FOREIGN-DERIVED DEDUCTION 
ELIGIBLE INCOME AND NET CFC TESTED INCOME.
    (a) In General.--Section 250(a) is amended--
        (1) by striking ``37.5 percent'' in paragraph (1)(A) and 
    inserting ``33.34 percent'',
        (2) by striking ``50 percent'' in paragraph (1)(B) and 
    inserting ``40 percent'', and
        (3) by striking paragraph (3).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70322. DETERMINATION OF DEDUCTION ELIGIBLE INCOME.
    (a) Sales or Other Dispositions of Certain Property.--
        (1) In general.--Section 250(b)(3)(A)(i) is amended--
            (A) by striking ``and'' at the end of subclause (V),
            (B) by striking ``over'' at the end of subclause (VI) and 
        inserting ``and'', and
            (C) by adding at the end the following new subclause:

                    ``(VII) except as otherwise provided by the 
                Secretary, any income and gain from the sale or other 
                disposition (including pursuant to the deemed sale or 
                other deemed disposition or a transaction subject to 
                section 367(d)) of--

                        ``(aa) intangible property (as defined in 
                    section 367(d)(4)), and
                        ``(bb) any other property of a type that is 
                    subject to depreciation, amortization, or depletion 
                    by the seller, over''.
        (2) Conforming amendment.--Section 250(b)(5)(E) is amended by 
    inserting ``(other than paragraph (3)(A)(i)(VII))'' after ``For 
    purposes of this subsection''.
        (3) Effective date.--The amendments made by this subsection 
    shall apply to sales or other dispositions (including pursuant to 
    deemed sales or other deemed dispositions or a transaction subject 
    to section 367(d) of the Internal Revenue Code of 1986) occurring 
    after June 16, 2025.
    (b) Expense Apportionment Limited to Properly Allocable Expenses.--
        (1) In general.--Section 250(b)(3)(A)(ii) is amended to read as 
    follows:
                ``(ii) expenses and deductions (including taxes), other 
            than interest expense and research or experimental 
            expenditures, properly allocable to such gross income.''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to taxable years beginning after December 31, 2025.
SEC. 70323. RULES RELATED TO DEEMED INTANGIBLE INCOME.
    (a) Taxation of Net CFC Tested Income.--
        (1) In general.--Section 951A(a) is amended by striking 
    ``global intangible low-taxed income'' and inserting ``net CFC 
    tested income''.
        (2) Repeal of tax-free deemed return on foreign investments.--
    Section 951A, as amended by the preceding provisions of this Act, 
    is amended by striking subsections (b) and (d) and by redesignating 
    subsections (c), (e), and (f) as subsections (b), (c), and (d), 
    respectively.
        (3) Conforming amendments.--
            (A)(i) Section 250 is amended by striking ``global 
        intangible low-taxed income'' each place it appears in 
        subsections (a)(1)(B)(i), (a)(2), and (b)(3)(A)(i)(II) and 
        inserting ``net CFC tested income''.
            (ii) The heading for section 250 of such Code is amended by 
        striking ``global intangible low-taxed income'' and inserting 
        ``net cfc tested income''.
            (iii) The item relating to section 250 in the table of 
        sections for part VII of subchapter B of chapter 1 of such Code 
        is amended by striking ``global intangible low-taxed income'' 
        and inserting ``net CFC tested income''.
            (B) Section 951A(c)(1), as redesignated by paragraph (2), 
        is amended by striking ``subsections (b), (c)(1)(A), and 
        (c)(1)(B)'' and inserting ``subsections (b)(1)(A) and 
        (b)(1)(B)''.
            (C) Section 951A(d), as redesignated by paragraph (2), is 
        amended--
                (i) by striking ``global intangible low-taxed income'' 
            each place it appears and inserting ``net CFC tested 
            income'', and
                (ii) by striking ``subsection (c)(1)(A)'' in paragraph 
            (2)(B)(ii) and inserting ``subsection (b)(1)(A)''.
            (D) Section 960(d)(2) is amended--
                (i) by striking ``global intangible low-taxed income'' 
            in subparagraph (A) and inserting ``net CFC tested 
            income'', and
                (ii) by striking ``section 951A(c)(1)(A)'' in 
            subparagraph (B) and inserting ``section 951A(b)(1)(A)''.
            (E)(i) The heading for section 951A is amended by striking 
        ``global intangible low-taxed income'' and inserting ``net cfc 
        tested income''.
            (ii) The item relating to section 951A in the table of 
        sections for subpart F of part III of subchapter N of chapter 1 
        is amended by striking ``Global intangible low-taxed income'' 
        and inserting ``Net CFC tested income''.
    (b) Deduction for Foreign-derived Deduction Eligible Income.--
        (1) In general.--Section 250(a)(1)(A) is amended by striking 
    ``foreign-derived intangible income'' and inserting ``foreign-
    derived deduction eligible income''.
        (2) Conforming amendments.--
            (A) Section 250(a)(2) is amended by striking ``foreign-
        derived intangible income'' each place it appears and inserting 
        ``foreign-derived deduction eligible income''.
            (B) Section 250(b), as amended by subsection (a), is 
        amended--
                (i) by striking paragraphs (1) and (2),
                (ii) by redesignating paragraphs (4) and (5) as 
            paragraphs (1) and (2), respectively, and by moving such 
            paragraphs before paragraph (3),
                (iii) in paragraph (2)(B)(ii), as so redesignated, by 
            striking ``paragraph (4)(B)'' and inserting ``paragraph 
            (1)(B)'', and
                (iv) by striking ``Intangible'' in the heading thereof 
            and inserting ``Deduction Eligible''.
            (C)(i) The heading for section 250 is amended by striking 
        ``intangible'' in the heading thereof and inserting ``deduction 
        eligible''.
            (ii) The heading for section 172(d)(9) is amended by 
        striking ``intangible'' and inserting ``deduction eligible''.
            (iii) The item relating to section 250 in the table of 
        sections for part VIII of subchapter B of chapter 1 is amended 
        by striking ``intangible'' and inserting ``deduction 
        eligible''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.

                   PART III--BASE EROSION MINIMUM TAX

SEC. 70331. EXTENSION AND MODIFICATION OF BASE EROSION MINIMUM TAX 
AMOUNT.
    (a) In General.--Section 59A(b) is amended--
        (1) by striking ``10 percent'' in paragraph (1) and inserting 
    ``10.5 percent'', and
        (2) by striking paragraph (2) and by redesignating paragraphs 
    (3) and (4) as paragraphs (2) and (3), respectively.
    (b) Conforming Amendments.--
        (1) Section 59A(b)(1) is amended by striking ``Except as 
    provided in paragraphs (2) and (3)'' and inserting ``Except as 
    provided in paragraph (2)''.
        (2) Section 59A(b)(2), as redesignated by subsection (a)(2), is 
    amended by striking ``the percentage otherwise in effect under 
    paragraphs (1)(A) and (2)(A) shall each be increased'' and 
    inserting ``the percentages otherwise in effect under paragraph 
    (1)(A) shall be increased''.
        (3) Section 59A(e)(1)(C) is amended by striking ``in the case 
    of a taxpayer described in subsection (b)(3)(B)'' and inserting 
    ``in the case of a taxpayer described in subsection (b)(2)(B)''.
    (c) Other Modifications.--
        (1) Section 59A(b)(2)(B)(ii), as redesignated by subsection 
    (a)(2), is amended by striking ``registered securities dealer'' and 
    inserting ``securities dealer registered''.
        (2) Section 59A(h)(2)(B) is amended by striking ``section 
    6038B(b)(2)'' and inserting ``section 6038A(b)(2)''.
        (3) Section 59A(i)(2) is amended--
            (A) by striking ``subsection (g)'' and inserting 
        ``subsection (h)'', and
            (B) by striking ``subsection (g)(3)'' and inserting 
        ``subsection (h)(3)''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.

                 PART IV--BUSINESS INTEREST LIMITATION

SEC. 70341. COORDINATION OF BUSINESS INTEREST LIMITATION WITH INTEREST 
CAPITALIZATION PROVISIONS.
    (a) In General.--Section 163(j) is amended by redesignating 
paragraphs (10) and (11) as paragraphs (11) and (12) and by inserting 
after paragraph (9) the following:
        ``(10) Coordination with interest capitalization provisions.--
            ``(A) In general.--In applying this subsection--
                ``(i) the limitation under paragraph (1) shall apply to 
            business interest without regard to whether the taxpayer 
            would otherwise deduct such business interest or capitalize 
            such business interest under an interest capitalization 
            provision, and
                ``(ii) any reference in this subsection to a deduction 
            for business interest shall be treated as including a 
            reference to the capitalization of business interest.
            ``(B) Amount allowed applied first to capitalized 
        interest.--The amount allowed after taking into account the 
        limitation described in paragraph (1)--
                ``(i) shall be applied first to the aggregate amount of 
            business interest which would otherwise be capitalized, and
                ``(ii) the remainder (if any) shall be applied to the 
            aggregate amount of business interest which would be 
            deducted.
            ``(C) Treatment of disallowed interest carried forward.--No 
        portion of any business interest carried forward under 
        paragraph (2) from any taxable year to any succeeding taxable 
        year shall, for purposes of this title (including any interest 
        capitalization provision which previously applied to such 
        portion) be treated as interest to which an interest 
        capitalization provision applies.
            ``(D) Interest capitalization provision.--For purposes of 
        this section, the term `interest capitalization provision' 
        means any provision of this subtitle under which interest--
                ``(i) is required to be charged to capital account, or
                ``(ii) may be deducted or charged to capital 
            account.''.
    (b) Certain Capitalized Interest Not Treated as Business 
Interest.--Section 163(j)(5) is amended by adding at the end the 
following new sentence: ``Such term shall not include any interest 
which is capitalized under section 263(g) or 263A(f).''.
    (c) Regulatory Authority.--Section 163(j), as amended by subsection 
(a), is amended by redesignating paragraphs (11) and (12) as paragraphs 
(12) and (13) and by inserting after paragraph (10) the following:
        ``(11) Regulatory authority.--The Secretary shall issue such 
    regulations or guidance as may be necessary or appropriate to carry 
    out the purposes of this subsection, including regulations or 
    guidance to determine which business interest is taken into account 
    under this subsection and section 59A(c)(3).''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70342. DEFINITION OF ADJUSTED TAXABLE INCOME FOR BUSINESS INTEREST 
LIMITATION.
    (a) In General.--Subparagraph (A) of section 163(j)(8) is amended--
        (1) by striking ``and'' at the end of clause (iv), and
        (2) by adding at the end the following new clause:
                ``(vi) the amounts included in gross income under 
            sections 951(a), 951A(a), and 78 (and the portion of the 
            deductions allowed under sections 245A(a) (by reason of 
            section 964(e)(4)) and 250(a)(1)(B) by reason of such 
            inclusions), and''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.

                PART V--OTHER INTERNATIONAL TAX REFORMS

SEC. 70351. PERMANENT EXTENSION OF LOOK-THRU RULE FOR RELATED 
CONTROLLED FOREIGN CORPORATIONS.
    (a) In General.--Section 954(c)(6)(C) is amended by striking ``and 
before January 1, 2026,''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years of foreign corporations beginning after December 31, 
2025.
SEC. 70352. REPEAL OF ELECTION FOR 1-MONTH DEFERRAL IN DETERMINATION OF 
TAXABLE YEAR OF SPECIFIED FOREIGN CORPORATIONS.
    (a) In General.--Section 898(c) is amended by striking paragraph 
(2) and redesignating paragraph (3) as paragraph (2).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years of specified foreign corporations beginning 
after November 30, 2025.
    (c) Transition Rule.--
        (1) In general.--In the case of a corporation that is a 
    specified foreign corporation as of November 30, 2025, such 
    corporation's first taxable year beginning after such date shall 
    end at the same time as the first required year (within the meaning 
    of section 898(c)(1) of the Internal Revenue Code of 1986) ending 
    after such date. If any specified foreign corporation is required 
    by the amendments made by this section to change its taxable year 
    for its first taxable year beginning after November 30, 2025--
            (A) such change shall be treated as initiated by such 
        corporation,
            (B) such change shall be treated as having been made with 
        the consent of the Secretary, and
            (C) the Secretary shall issue regulations or other guidance 
        for allocating foreign taxes that are paid or accrued in such 
        first taxable year and the succeeding taxable year among such 
        taxable years in the manner the Secretary determines 
        appropriate to carry out the purposes of this section.
        (2) Secretary.--For purposes of this subsection, the term 
    ``Secretary'' means the Secretary of the Treasury or the 
    Secretary's delegate.
SEC. 70353. RESTORATION OF LIMITATION ON DOWNWARD ATTRIBUTION OF STOCK 
OWNERSHIP IN APPLYING CONSTRUCTIVE OWNERSHIP RULES.
    (a) In General.--Section 958(b) is amended--
        (1) by inserting after paragraph (3) the following:
        ``(4) Subparagraphs (A), (B), and (C) of section 318(a)(3) 
    shall not be applied so as to consider a United States person as 
    owning stock which is owned by a person who is not a United States 
    person.'', and
        (2) by striking ``Paragraph (1)'' in the last sentence and 
    inserting ``Paragraphs (1) and (4)''.
    (b) Foreign Controlled United States Shareholders.--Subpart F of 
part III of subchapter N of chapter 1 is amended by inserting after 
section 951A the following new section:
``SEC. 951B. AMOUNTS INCLUDED IN GROSS INCOME OF FOREIGN CONTROLLED 
UNITED STATES SHAREHOLDERS.
    ``(a) In General.--In the case of any foreign controlled United 
States shareholder of a foreign controlled foreign corporation--
        ``(1) this subpart (other than sections 951A, 951(b), and 957) 
    shall be applied with respect to such shareholder (separately from, 
    and in addition to, the application of this subpart without regard 
    to this section)--
            ``(A) by substituting `foreign controlled United States 
        shareholder' for `United States shareholder' each place it 
        appears therein, and
            ``(B) by substituting `foreign controlled foreign 
        corporation' for `controlled foreign corporation' each place it 
        appears therein, and
        ``(2) section 951A (and such other provisions of this subpart 
    as provided by the Secretary) shall be applied with respect to such 
    shareholder--
            ``(A) by treating each reference to `United States 
        shareholder' in such section as including a reference to such 
        shareholder, and
            ``(B) by treating each reference to `controlled foreign 
        corporation' in such section as including a reference to such 
        foreign controlled foreign corporation.
    ``(b) Foreign Controlled United States Shareholder.--For purposes 
of this section, the term `foreign controlled United States 
shareholder' means, with respect to any foreign corporation, any United 
States person which would be a United States shareholder with respect 
to such foreign corporation if--
        ``(1) section 951(b) were applied by substituting `more than 50 
    percent' for `10 percent or more', and
        ``(2) section 958(b) were applied without regard to paragraph 
    (4) thereof.
    ``(c) Foreign Controlled Foreign Corporation.--For purposes of this 
section, the term `foreign controlled foreign corporation' means a 
foreign corporation, other than a controlled foreign corporation, which 
would be a controlled foreign corporation if section 957(a) were 
applied--
        ``(1) by substituting `foreign controlled United States 
    shareholders' for `United States shareholders', and
        ``(2) by substituting `section 958(b) (other than paragraph (4) 
    thereof)' for `section 958(b)'.
    ``(d) Regulations.--The Secretary shall prescribe such regulations 
or other guidance as may be necessary or appropriate to carry out the 
purposes of this section, including regulations or other guidance--
        ``(1) to treat a foreign controlled United States shareholder 
    or a foreign controlled foreign corporation as a United States 
    shareholder or as a controlled foreign corporation, respectively, 
    for purposes of provisions of this title other than this subpart 
    (including any reporting requirement), and
        ``(2) with respect to the treatment of foreign controlled 
    foreign corporations that are passive foreign investment companies 
    (as defined in section 1297).''.
    (c) Clerical Amendment.--The table of sections for subpart F of 
part III of subchapter N of chapter 1 is amended by inserting after the 
item relating to section 951A the following new item:
``Sec. 951B. Amounts included in gross income of foreign controlled 
          United States shareholders.''.

    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years of foreign corporations beginning after December 
31, 2025.
    (e) Special Rule.--
        (1) In general.--Except to the extent provided by the Secretary 
    of the Treasury (or the Secretary's delegate), the effective date 
    of any amendment to the Internal Revenue Code of 1986 shall be 
    applied by treating references to United States shareholders as 
    including references to foreign controlled United States 
    shareholders, and by treating references to controlled foreign 
    corporations as including references to foreign controlled foreign 
    corporations.
        (2) Definitions.--Any term used in paragraph (1) which is used 
    in subpart F of part III of subchapter N of chapter 1 of the 
    Internal Revenue Code of 1986 (as amended by this section) shall 
    have the meaning given such term in such subpart.
    (f) No Inference.--The amendments made by this section shall not be 
construed to create any inference with respect to the proper 
application of any provision of the Internal Revenue Code of 1986 with 
respect to taxable years beginning before the taxable years to which 
such amendments apply.
SEC. 70354. MODIFICATIONS TO PRO RATA SHARE RULES.
    (a) In General.--Subsection (a) of section 951 is amended to read 
as follows:
    ``(a) Amounts Included.--
        ``(1) In general.--If a foreign corporation is a controlled 
    foreign corporation at any time during a taxable year of the 
    foreign corporation (in this subsection referred to as the `CFC 
    year')--
            ``(A) each United States shareholder which owns (within the 
        meaning of section 958(a)) stock in such corporation on any day 
        during the CFC year shall include in gross income such 
        shareholder's pro rata share (determined under paragraph (2)) 
        of the corporation's subpart F income for the CFC year, and
            ``(B) each United States shareholder which owns (within the 
        meaning of section 958(a)) stock in such corporation on the 
        last day, in the CFC year, on which such corporation is a 
        controlled foreign corporation shall include in gross income 
        the amount determined under section 956 with respect to such 
        shareholder for the CFC year (but only to the extent not 
        excluded from gross income under section 959(a)(2)).
        ``(2) Pro rata share of subpart f income.--A United States 
    shareholder's pro rata share of a controlled foreign corporation's 
    subpart F income for a CFC year shall be the portion of such income 
    which is attributable to--
            ``(A) the stock of such corporation owned (within the 
        meaning of section 958(a)) by such shareholder, and
            ``(B) any period of the CFC year during which--
                ``(i) such shareholder owned (within the meaning of 
            section 958(a)) such stock,
                ``(ii) such shareholder was a United States shareholder 
            of such corporation, and
                ``(iii) such corporation was a controlled foreign 
            corporation.
        ``(3) Taxable year of inclusion.--Any amount required to be 
    included in gross income by a United States shareholder under 
    paragraph (1) with respect to a CFC year shall be included in gross 
    income for the shareholder's taxable year which includes the last 
    day on which the shareholder owns (within the meaning of section 
    958(a)) stock in the controlled foreign corporation during such CFC 
    year.
        ``(4) Regulatory authority.--The Secretary shall prescribe such 
    regulations or other guidance as may be necessary or appropriate to 
    carry out the purposes of this subsection, including regulations or 
    other guidance allowing taxpayers to elect, or requiring taxpayers, 
    to close the taxable year of a controlled foreign corporation upon 
    a direct or indirect disposition of stock of such corporation.''.
    (b) Coordination With Section 951A.--
        (1) Tested income.--Section 951A(b), as redesignated by section 
    70323(a)(2), is amended--
            (A) in paragraph (1)(A), by striking ``(determined for each 
        taxable year of such controlled foreign corporation which ends 
        in or with such taxable year of such United States 
        shareholder)'', and
            (B) in paragraph (1)(B), by striking ``(determined for each 
        taxable year of such controlled foreign corporation which ends 
        in or with such taxable year of such United States 
        shareholder)''.
        (2) Pro rata share.--Section 951A(c), as redesignated by 
    section 70323(a)(2), is amended--
            (A) in paragraph (1), by striking ``in which or with which 
        the taxable year of the controlled foreign corporation ends'' 
        and inserting ``determined under section 951(a)(3)'', and
            (B) in paragraph (2), by striking ``the last day in the 
        taxable year of such foreign corporation on which such foreign 
        corporation is a controlled foreign corporation'' and inserting 
        ``any day in such taxable year''.
    (c) Effective Dates.--
        (1) In general.--The amendments made by this section shall 
    apply to taxable years of foreign corporations beginning after 
    December 31, 2025.
        (2) Transition rule for dividends.--Except to the extent 
    provided by the Secretary of the Treasury (or the Secretary's 
    delegate), a dividend paid (or deemed paid) by a controlled foreign 
    corporation shall not be treated as a dividend for purposes of 
    applying section 951(a)(2)(B) of the Internal Revenue Code of 1986 
    (as in effect before the amendments made by this section) if--
            (A) such dividend--
                (i) was paid (or deemed paid) on or before June 28, 
            2025, during the taxable year of such controlled foreign 
            corporation which includes such date and the United States 
            shareholder described in section 951(a)(1) of such Code (as 
            so in effect) did not own (within the meaning of section 
            958(a) of such Code) the stock of such controlled foreign 
            corporation during the portion of such taxable year on or 
            before June 28, 2025, or
                (ii) was paid (or deemed paid) after June 28, 2025, and 
            before such controlled foreign corporation's first taxable 
            year beginning after December 31, 2025, and
            (B) such dividend does not increase the taxable income of a 
        United States person that is subject to Federal income tax for 
        the taxable year (including by reason of a dividends received 
        deduction, an exclusion from gross income, or an exclusion from 
        subpart F income).

   CHAPTER 4--INVESTING IN AMERICAN FAMILIES, COMMUNITIES, AND SMALL 
                               BUSINESSES

      Subchapter A--Permanent Investments in Families and Children

SEC. 70401. ENHANCEMENT OF EMPLOYER-PROVIDED CHILD CARE CREDIT.
    (a) Increase of Amount of Qualified Child Care Expenditures Taken 
Into Account.--Section 45F(a)(1) is amended by striking ``25 percent'' 
and inserting ``40 percent (50 percent in the case of an eligible small 
business)''.
    (b) Increase of Maximum Credit Amount.--Subsection (b) of section 
45F is amended to read as follows:
    ``(b) Dollar Limitation.--
        ``(1) In general.--The credit allowable under subsection (a) 
    for any taxable year shall not exceed $500,000 ($600,000 in the 
    case of an eligible small business).
        ``(2) Inflation adjustment.--In the case of any taxable year 
    beginning after 2026, the $500,000 and $600,000 amounts in 
    paragraph (1) shall each 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 2025' for 
        `calendar year 2016' in subparagraph (A)(ii) thereof.''.
    (c) Eligible Small Business.--Section 45F(c) is amended by adding 
at the end the following new paragraph:
        ``(4) Eligible small business.--The term `eligible small 
    business' means a business that meets the gross receipts test of 
    section 448(c), determined--
            ``(A) by substituting `5-taxable-year' for `3-taxable-year' 
        in paragraph (1) thereof, and
            ``(B) by substituting `5-year' for `3-year' in paragraph 
        (3)(A) thereof.''.
    (d) Credit Allowed for Third-party Intermediaries.--Section 
45F(c)(1)(A)(iii) is amended by inserting ``, or under a contract with 
an intermediate entity that contracts with one or more qualified child 
care facilities to provide such child care services'' before the period 
at the end.
    (e) Treatment of Jointly Owned or Operated Child Care Facility.--
Section 45F(c)(2) is amended by adding at the end the following new 
subparagraph:
            ``(C) Treatment of jointly owned or operated child care 
        facility.--A facility shall not fail to be treated as a 
        qualified child care facility of the taxpayer merely because 
        such facility is jointly owned or operated by the taxpayer and 
        other persons.''.
    (f) Regulations and Guidance.--Section 45F is amended by adding at 
the end the following new subsection:
    ``(g) Regulations and Guidance.--The Secretary shall issue such 
regulations or other guidance as may be necessary to carry out the 
purposes of this section, including guidance to carry out the purposes 
of paragraphs (1)(A)(iii) and (2)(C) of subsection (c).''.
    (g) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after December 31, 2025.
SEC. 70402. ENHANCEMENT OF ADOPTION CREDIT.
    (a) In General.--Section 23(a) is amended by adding at the end the 
following new paragraph:
        ``(4) Portion of credit refundable.--So much of the credit 
    allowed under paragraph (1) as does not exceed $5,000 shall be 
    treated as a credit allowed under subpart C and not as a credit 
    allowed under this subpart.''.
    (b) Adjustments for Inflation.--Section 23(h) is amended to read as 
follows:
    ``(h) Adjustments for Inflation.--
        ``(1) In general.--In the case of a taxable year beginning 
    after December 31, 2002, each of the dollar amounts in paragraphs 
    (3) and (4) of subsection (a) and paragraphs (1) and (2)(A)(i) of 
    subsection (b) 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 2001' for 
        `calendar year 2016' in subparagraph (A)(ii) thereof.
        ``(2) Rounding.--If any amount as increased under paragraph (1) 
    is not a multiple of $10, such amount shall be rounded to the 
    nearest multiple of $10.
        ``(3) Special rule for refundable portion.--In the case of the 
    dollar amount in subsection (a)(4), paragraph (1) shall be 
    applied--
            ``(A) by substituting `2025' for `2002' in the matter 
        preceding subparagraph (A), and
            ``(B) by substituting `calendar year 2024' for `calendar 
        year 2001' in subparagraph (B) thereof.''.
    (c) Exclusion of Refundable Portion of Credit From Carryforward.--
Section 23(c)(1) is amended by striking ``credit allowable under 
subsection (a)'' and inserting ``portion of the credit allowable under 
subsection (a) which is allowed under this subpart''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
SEC. 70403. RECOGNIZING INDIAN TRIBAL GOVERNMENTS FOR PURPOSES OF 
DETERMINING WHETHER A CHILD HAS SPECIAL NEEDS FOR PURPOSES OF THE 
ADOPTION CREDIT.
    (a) In General.--Section 23(d)(3) is amended--
        (1) in subparagraph (A), by inserting ``or Indian tribal 
    government'' after ``a State'', and
        (2) in subparagraph (B), by inserting ``or Indian tribal 
    government'' after ``such State''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2024.
SEC. 70404. ENHANCEMENT OF THE DEPENDENT CARE ASSISTANCE PROGRAM.
    (a) In General.--Section 129(a)(2)(A) is amended by striking 
``$5,000 ($2,500'' and inserting ``$7,500 ($3,750''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
SEC. 70405. ENHANCEMENT OF CHILD AND DEPENDENT CARE TAX CREDIT.
    (a) In General.--Paragraph (2) of section 21(a) is amended to read 
as follows:
        ``(2) Applicable percentage defined.--For purposes of paragraph 
    (1), the term `applicable percentage' means 50 percent--
            ``(A) reduced (but not below 35 percent) by 1 percentage 
        point for each $2,000 or fraction thereof by which the 
        taxpayer's adjusted gross income for the taxable year exceeds 
        $15,000, and
            ``(B) further reduced (but not below 20 percent) by 1 
        percentage point for each $2,000 ($4,000 in the case of a joint 
        return) or fraction thereof by which the taxpayer's adjusted 
        gross income for the taxable year exceeds $75,000 ($150,000 in 
        the case of a joint return).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.

  Subchapter B--Permanent Investments in Students and Reforms to Tax-
                          exempt Institutions

SEC. 70411. TAX CREDIT FOR CONTRIBUTIONS OF INDIVIDUALS TO SCHOLARSHIP 
GRANTING ORGANIZATIONS.
    (a) Allowance of Credit for Contributions of Individuals to 
Scholarship Granting Organizations.--
        (1) In general.--Subpart A of part IV of subchapter A of 
    chapter 1 is amended by inserting after section 25E the following 
    new section:
    ``SEC. 25F. QUALIFIED ELEMENTARY AND SECONDARY EDUCATION 
      SCHOLARSHIPS.
    ``(a) Allowance of Credit.--In the case of an individual who is a 
citizen or resident of the United States (within the meaning of section 
7701(a)(9)), there shall be allowed as a credit against the tax imposed 
by this chapter for the taxable year an amount equal to the aggregate 
amount of qualified contributions made by the taxpayer during the 
taxable year.
    ``(b) Limitations.--
        ``(1) In general.--The credit allowed under subsection (a) to 
    any taxpayer for any taxable year shall not exceed $1,700.
        ``(2) Reduction based on state credit.--The amount allowed as a 
    credit under subsection (a) for a taxable year shall be reduced by 
    the amount allowed as a credit on any State tax return of the 
    taxpayer for qualified contributions made by the taxpayer during 
    the taxable year.
    ``(c) Definitions.--For purposes of this section--
        ``(1) Covered state.--The term `covered State' means one of the 
    States, or the District of Columbia, that, for a calendar year, 
    voluntarily elects to participate under this section and to 
    identify scholarship granting organizations in the State, in 
    accordance with subsection (g).
        ``(2) Eligible student.--The term `eligible student' means an 
    individual who--
            ``(A) is a member of a household with an income which, for 
        the calendar year prior to the date of the application for a 
        scholarship, is not greater than 300 percent of the area median 
        gross income (as such term is used in section 42), and
            ``(B) is eligible to enroll in a public elementary or 
        secondary school.
        ``(3) Qualified contribution.--The term `qualified 
    contribution' means a charitable contribution of cash to a 
    scholarship granting organization that uses the contribution to 
    fund scholarships for eligible students solely within the State in 
    which the organization is listed pursuant to subsection (g).
        ``(4) Qualified elementary or secondary education expense.--The 
    term `qualified elementary or secondary education expense' means 
    any expense of an eligible student which is described in section 
    530(b)(3)(A).
        ``(5) Scholarship granting organization.--The term `scholarship 
    granting organization' means any organization--
            ``(A) which--
                ``(i) is described in section 501(c)(3) and exempt from 
            tax under section 501(a), and
                ``(ii) is not a private foundation,
            ``(B) which prevents the co-mingling of qualified 
        contributions with other amounts by maintaining one or more 
        separate accounts exclusively for qualified contributions,
            ``(C) which satisfies the requirements of subsection (d), 
        and
            ``(D) which is included on the list submitted for the 
        applicable covered State under subsection (g) for the 
        applicable year.
    ``(d) Requirements for Scholarship Granting Organizations.--
        ``(1) In general.--An organization meets the requirements of 
    this subsection if--
            ``(A) such organization provides scholarships to 10 or more 
        students who do not all attend the same school,
            ``(B) such organization spends not less than 90 percent of 
        the income of the organization on scholarships for eligible 
        students,
            ``(C) such organization does not provide scholarships for 
        any expenses other than qualified elementary or secondary 
        education expenses,
            ``(D) such organization provides a scholarship to eligible 
        students with a priority for--
                ``(i) students awarded a scholarship the previous 
            school year, and
                ``(ii) after application of clause (i), any eligible 
            students who have a sibling who was awarded a scholarship 
            from such organization,
            ``(E) such organization does not earmark or set aside 
        contributions for scholarships on behalf of any particular 
        student, and
            ``(F) such organization--
                ``(i) verifies the annual household income and family 
            size of eligible students who apply for scholarships to 
            ensure such students meet the requirement of subsection 
            (c)(2)(A), and
                ``(ii) limits the awarding of scholarships to eligible 
            students who are a member of a household for which the 
            income does not exceed the amount established under 
            subsection (c)(2)(A).
        ``(2) Prohibition on self-dealing.--
            ``(A) In general.--A scholarship granting organization may 
        not award a scholarship to any disqualified person.
            ``(B) Disqualified person.--For purposes of this paragraph, 
        a disqualified person shall be determined pursuant to rules 
        similar to the rules of section 4946.
    ``(e) Denial of Double Benefit.--Any qualified contribution for 
which a credit is allowed under this section shall not be taken into 
account as a charitable contribution for purposes of section 170.
    ``(f) Carryforward of Unused Credit.--
        ``(1) In general.--If the credit allowable under subsection (a) 
    for any taxable year exceeds the limitation imposed by section 
    26(a) for such taxable year reduced by the sum of the credits 
    allowable under this subpart (other than this section, section 23, 
    and section 25D), such excess shall be carried to the succeeding 
    taxable year and added to the credit allowable under subsection (a) 
    for such taxable year.
        ``(2) Limitation.--No credit may be carried forward under this 
    subsection to any taxable year following the fifth taxable year 
    after the taxable year in which the credit arose. For purposes of 
    the preceding sentence, credits shall be treated as used on a 
    first-in first-out basis.
    ``(g) State List of Scholarship Granting Organizations.--
        ``(1) List.--
            ``(A) In general.--Not later than January 1 of each 
        calendar year (or, with respect to the first calendar year for 
        which this section applies, as early as practicable), a State 
        that voluntarily elects to participate under this section shall 
        provide to the Secretary a list of the scholarship granting 
        organizations that meet the requirements described in 
        subsection (c)(5) and are located in the State.
            ``(B) Process.--The election under this paragraph shall be 
        made by the Governor of the State or by such other individual, 
        agency, or entity as is designated under State law to make such 
        elections on behalf of the State with respect to Federal tax 
        benefits.
        ``(2) Certification.--Each list submitted under paragraph (1) 
    shall include a certification that the individual, agency, or 
    entity submitting such list on behalf of the State has the 
    authority to perform this function.
    ``(h) Regulations and Guidance.--The Secretary shall issue such 
regulations or other guidance as the Secretary determines necessary to 
carry out the purposes of this section, including regulations or other 
guidance--
        ``(1) providing for enforcement of the requirements under 
    subsections (d) and (g), and
        ``(2) with respect to recordkeeping or information reporting 
    for purposes of administering the requirements of this section.''.
        (2) Conforming amendments.--
            (A) Section 25(e)(1)(C) is amended by striking ``and 25D'' 
        and inserting ``25D, and 25F''.
            (B) The table of sections for subpart A of part IV of 
        subchapter A of chapter 1 is amended by inserting after the 
        item relating to section 25E the following new item:
``Sec. 25F. Qualified elementary and secondary education 
          scholarships.''.

    (b) Exclusion From Gross Income for Scholarships for Qualified 
Elementary or Secondary Education Expenses of Eligible Students.--
        (1) In general.--Part III of subchapter B of chapter 1 is 
    amended by inserting before section 140 the following new section:
``SEC. 139K. SCHOLARSHIPS FOR QUALIFIED ELEMENTARY OR SECONDARY 
EDUCATION EXPENSES OF ELIGIBLE STUDENTS.
    ``(a) In General.--In the case of an individual, gross income shall 
not include any amounts provided to such individual or any dependent of 
such individual pursuant to a scholarship for qualified elementary or 
secondary education expenses of an eligible student which is provided 
by a scholarship granting organization.
    ``(b) Definitions.--In this section, the terms `qualified 
elementary or secondary education expense', `eligible student', and 
`scholarship granting organization' have the same meaning given such 
terms under section 25F(c).''.
        (2) Conforming amendment.--The table of sections for part III 
    of subchapter B of chapter 1 is amended by inserting before the 
    item relating to section 140 the following new item:
``Sec. 139K. Scholarships for qualified elementary or secondary 
          education expenses of eligible students.''.

    (c) Effective Date.--
        (1) In general.--Except as otherwise provided in this 
    subsection, the amendments made by this section shall apply to 
    taxable years ending after December 31, 2026.
        (2) Exclusion from gross income.--The amendments made by 
    subsection (b) shall apply to amounts received after December 31, 
    2026, in taxable years ending after such date.
SEC. 70412. EXCLUSION FOR EMPLOYER PAYMENTS OF STUDENT LOANS.
    (a) In General.--Section 127(c)(1)(B) is amended by striking ``in 
the case of payments made before January 1, 2026,''.
    (b) Inflation Adjustment.--Section 127 is amended--
        (1) by redesignating subsection (d) as subsection (e), and
        (2) by inserting after subsection (c) the following new 
    subsection:
    ``(d) Inflation Adjustment.--
        ``(1) In general.--In the case of any taxable year beginning 
    after 2026, both of the $5,250 amounts in subsection (a)(2) shall 
    each 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 2025' for 
        `calendar year 2016' in subparagraph (A)(ii) thereof.
        ``(2) Rounding.--If any increase under paragraph (1) is not a 
    multiple of $50, such increase shall be rounded to the nearest 
    multiple of $50.''.
    (c) Effective Date.--The amendment made by this section shall apply 
to payments made after December 31, 2025.
SEC. 70413. ADDITIONAL EXPENSES TREATED AS QUALIFIED HIGHER EDUCATION 
EXPENSES FOR PURPOSES OF 529 ACCOUNTS.
    (a) In General.--
        (1) In general.--Section 529(c)(7) is amended to read as 
    follows:
        ``(7) Treatment of elementary and secondary tuition.--Any 
    reference in this section to the term `qualified higher education 
    expense' shall include a reference to the following expenses in 
    connection with enrollment or attendance at, or for students 
    enrolled at or attending, an elementary or secondary public, 
    private, or religious school:
            ``(A) Tuition.
            ``(B) Curriculum and curricular materials.
            ``(C) Books or other instructional materials.
            ``(D) Online educational materials.
            ``(E) Tuition for tutoring or educational classes outside 
        of the home, including at a tutoring facility, but only if the 
        tutor or instructor is not related to the student and--
                ``(i) is licensed as a teacher in any State,
                ``(ii) has taught at an eligible educational 
            institution, or
                ``(iii) is a subject matter expert in the relevant 
            subject.
            ``(F) Fees for a nationally standardized norm-referenced 
        achievement test, an advanced placement examination, or any 
        examinations related to college or university admission.
            ``(G) Fees for dual enrollment in an institution of higher 
        education.
            ``(H) Educational therapies for students with disabilities 
        provided by a licensed or accredited practitioner or provider, 
        including occupational, behavioral, physical, and speech-
        language therapies.''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to distributions made after the date of the enactment 
    of this Act.
    (b) Increase in Limitation.--
        (1) In general.--The last sentence of section 529(e)(3) is 
    amended by striking ``$10,000'' and inserting ``$20,000''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to taxable years beginning after December 31, 2025.
SEC. 70414. CERTAIN POSTSECONDARY CREDENTIALING EXPENSES TREATED AS 
QUALIFIED HIGHER EDUCATION EXPENSES FOR PURPOSES OF 529 ACCOUNTS.
    (a) In General.--Section 529(e)(3) is amended by adding at the end 
the following new subparagraph:
            ``(C) Certain postsecondary credentialing expenses.--The 
        term `qualified higher education expenses' includes qualified 
        postsecondary credentialing expenses (as defined in subsection 
        (f)).''.
    (b) Qualified Postsecondary Credentialing Expenses.--Section 529 is 
amended by redesignating subsection (f) as subsection (g) and by 
inserting after subsection (e) the following new subsection:
    ``(f) Qualified Postsecondary Credentialing Expenses.--For purposes 
of this section--
        ``(1) In general.--The term `qualified postsecondary 
    credentialing expenses' means--
            ``(A) tuition, fees, books, supplies, and equipment 
        required for the enrollment or attendance of a designated 
        beneficiary in a recognized postsecondary credential program, 
        or any other expense incurred in connection with enrollment in 
        or attendance at a recognized postsecondary credential program 
        if such expense would, if incurred in connection with 
        enrollment or attendance at an eligible educational 
        institution, be covered under subsection (e)(3)(A),
            ``(B) fees for testing if such testing is required to 
        obtain or maintain a recognized postsecondary credential, and
            ``(C) fees for continuing education if such education is 
        required to maintain a recognized postsecondary credential.
        ``(2) Recognized postsecondary credential program.--The term 
    `recognized postsecondary credential program' means any program to 
    obtain a recognized postsecondary credential if--
            ``(A) such program is included on a State list prepared 
        under section 122(d) of the Workforce Innovation and 
        Opportunity Act (29 U.S.C. 3152(d)),
            ``(B) such program is listed in the public directory of the 
        Web Enabled Approval Management System (WEAMS) of the Veterans 
        Benefits Administration, or successor directory such program,
            ``(C) an examination (developed or administered by an 
        organization widely recognized as providing reputable 
        credentials in the occupation) is required to obtain or 
        maintain such credential and such organization recognizes such 
        program as providing training or education which prepares 
        individuals to take such examination, or
            ``(D) such program is identified by the Secretary, after 
        consultation with the Secretary of Labor, as being a reputable 
        program for obtaining a recognized postsecondary credential for 
        purposes of this subparagraph.
        ``(3) Recognized postsecondary credential.--The term 
    `recognized postsecondary credential' means--
            ``(A) any postsecondary employment credential that is 
        industry recognized and is--
                ``(i) any postsecondary employment credential issued by 
            a program that is accredited by the Institute for 
            Credentialing Excellence, the National Commission on 
            Certifying Agencies, or the American National Standards 
            Institute,
                ``(ii) any postsecondary employment credential that is 
            included in the Credentialing Opportunities On-Line (COOL) 
            directory of credentialing programs (or successor 
            directory) maintained by the Department of Defense or by 
            any branch of the Armed Forces, or
                ``(iii) any postsecondary employment credential 
            identified for purposes of this clause by the Secretary, 
            after consultation with the Secretary of Labor, as being 
            industry recognized,
            ``(B) any certificate of completion of an apprenticeship 
        that is registered and certified with the Secretary of Labor 
        under the Act of August 16, 1937 (commonly known as the 
        `National Apprenticeship Act'; 50 Stat. 664, chapter 663; 29 
        U.S.C. 50 et seq.),
            ``(C) any occupational or professional license issued or 
        recognized by a State or the Federal Government (and any 
        certification that satisfies a condition for obtaining such a 
        license), and
            ``(D) any recognized postsecondary credential as defined in 
        section 3(52) of the Workforce Innovation and Opportunity Act 
        (29 U.S.C. 3102(52)), provided through a program described in 
        paragraph (2)(A).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to distributions made after the date of the enactment of this 
Act.
SEC. 70415. MODIFICATION OF EXCISE TAX ON INVESTMENT INCOME OF CERTAIN 
PRIVATE COLLEGES AND UNIVERSITIES.
    (a) In General.--Section 4968 is amended to read as follows:
``SEC. 4968. EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE COLLEGES 
AND UNIVERSITIES.
    ``(a) Tax Imposed.--There is hereby imposed on each applicable 
educational institution for the taxable year a tax equal to the 
applicable percentage of the net investment income of such institution 
for the taxable year.
    ``(b) Applicable Percentage.--For purposes of this section, the 
term `applicable percentage' means--
        ``(1) 1.4 percent in the case of an institution with a student 
    adjusted endowment of at least $500,000, and not in excess of 
    $750,000,
        ``(2) 4 percent in the case of an institution with a student 
    adjusted endowment in excess of $750,000, and not in excess of 
    $2,000,000, and
        ``(3) 8 percent in the case of an institution with a student 
    adjusted endowment in excess of $2,000,000.
    ``(c) Applicable Educational Institution.--For purposes of this 
subchapter, the term `applicable educational institution' means an 
eligible educational institution (as defined in section 25A(f)(2))--
        ``(1) which had at least 3,000 tuition-paying students during 
    the preceding taxable year,
        ``(2) more than 50 percent of the tuition-paying students of 
    which are located in the United States,
        ``(3) the student adjusted endowment of which is at least 
    $500,000, and
        ``(4) which is not described in the first sentence of section 
    511(a)(2)(B) (relating to State colleges and universities).
    ``(d) Student Adjusted Endowment.--For purposes of this section, 
the term `student adjusted endowment' means, with respect to any 
institution for any taxable year--
        ``(1) the aggregate fair market value of the assets of such 
    institution (determined as of the end of the preceding taxable 
    year), other than those assets which are used directly in carrying 
    out the institution's exempt purpose, divided by
        ``(2) the number of students of such institution.
    ``(e) Determination of Number of Students.--For purposes of 
subsections (c) and (d), the number of students of an institution 
(including for purposes of determining the number of students at a 
particular location) shall be based on the daily average number of 
full-time students attending such institution (with part-time students 
taken into account on a full-time student equivalent basis).
    ``(f) Net Investment Income.--For purposes of this section--
        ``(1) In general.--Net investment income shall be determined 
    under rules similar to the rules of section 4940(c).
        ``(2) Override of certain regulatory exceptions.--
            ``(A) Student loan interest.--Net investment income shall 
        be determined by taking into account any interest income from a 
        student loan made by the applicable educational institution (or 
        any related organization) as gross investment income.
            ``(B) Federally-subsidized royalty income.--
                ``(i) In general.--Net investment income shall be 
            determined by taking into account any Federally-subsidized 
            royalty income as gross investment income.
                ``(ii) Federally-subsidized royalty income.--For 
            purposes of this subparagraph--

                    ``(I) In general.--The term `Federally-subsidized 
                royalty income' means any otherwise-regulatory-exempt 
                royalty income if any Federal funds were used in the 
                research, development, or creation of the patent, 
                copyright, or other intellectual or intangible property 
                from which such royalty income is derived.
                    ``(II) Otherwise-regulatory-exempt royalty 
                income.--For purposes of this subparagraph, the term 
                `otherwise-regulatory-exempt royalty income' means 
                royalty income which (but for this subparagraph) would 
                not be taken into account as gross investment income by 
                reason of being derived from patents, copyrights, or 
                other intellectual or intangible property which 
                resulted from the work of students or faculty members 
                in their capacities as such with the applicable 
                educational institution.
                    ``(III) Federal funds.--The term `Federal funds' 
                includes any grant made by, and any payment made under 
                any contract with, any Federal agency to the applicable 
                educational institution, any related organization, or 
                any student or faculty member referred to in subclause 
                (II).

    ``(g) Assets and Net Investment Income of Related Organizations.--
        ``(1) In general.--For purposes of subsections (d) and (f), 
    assets and net investment income of any related organization with 
    respect to an educational institution shall be treated as assets 
    and net investment income, respectively, of the educational 
    institution, except that--
            ``(A) no such amount shall be taken into account with 
        respect to more than 1 educational institution, and
            ``(B) unless such organization is controlled by such 
        institution or is described in section 509(a)(3) with respect 
        to such institution for the taxable year, assets and net 
        investment income which are not intended or available for the 
        use or benefit of the educational institution shall not be 
        taken into account.
        ``(2) Related organization.--For purposes of this subsection, 
    the term `related organization' means, with respect to an 
    educational institution, any organization which--
            ``(A) controls, or is controlled by, such institution,
            ``(B) is controlled by 1 or more persons which also control 
        such institution, or
            ``(C) is a supported organization (as defined in section 
        509(f)(3)), or an organization described in section 509(a)(3), 
        during the taxable year with respect to such institution.
    ``(h) Regulations.--The Secretary shall prescribe such regulations 
or other guidance as may be necessary to prevent avoidance of the tax 
under this section, including regulations or other guidance to prevent 
avoidance of such tax through the restructuring of endowment funds or 
other arrangements designed to reduce or eliminate the value of net 
investment income or assets subject to the tax imposed by this 
section.''.
    (b) Requirement to Report Certain Information With Respect to 
Application of Excise Tax Based on Investment Income of Private 
Colleges and Universities.--Section 6033 is amended by redesignating 
subsection (o) as subsection (p) and by inserting after subsection (n) 
the following new subsection:
    ``(o) Requirement to Report Certain Information With Respect to 
Excise Tax Based on Investment Income of Private Colleges and 
Universities.--Each applicable educational institution described in 
section 4968(c) which is subject to the requirements of subsection (a) 
shall include on the return required under subsection (a)--
        ``(1) the number of tuition-paying students taken into account 
    under section 4968(c), and
        ``(2) the number of students of such institution (determined 
    under the rules of section 4968(e)).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70416. EXPANDING APPLICATION OF TAX ON EXCESS COMPENSATION WITHIN 
TAX-EXEMPT ORGANIZATIONS.
    (a) In General.--Section 4960(c)(2) is amended to read as follows:
        ``(2) Covered employee.--For purposes of this section, the term 
    `covered employee' means any employee of an applicable tax-exempt 
    organization (or any predecessor of such an organization) and any 
    former employee of such an organization (or predecessor) who was 
    such an employee during any taxable year beginning after December 
    31, 2016.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2025.

      Subchapter C--Permanent Investments in Community Development

SEC. 70421. PERMANENT RENEWAL AND ENHANCEMENT OF OPPORTUNITY ZONES.
    (a) Decennial Designations.--
        (1) Determination period.--Section 1400Z-1(c)(2)(B) is amended 
    by striking ``beginning on the date of the enactment of the Tax 
    Cuts and Jobs Act'' and inserting ``beginning on the decennial 
    determination date''.
        (2) Decennial determination date.--Section 1400Z-1(c)(2) is 
    amended by adding at the end the following new subparagraph:
            ``(C) Decennial determination date.--The term `decennial 
        determination date' means--
                ``(i) July 1, 2026, and
                ``(ii) each July 1 of the year that is 10 years after 
            the preceding decennial determination date under this 
            subparagraph.''.
        (3) Repeal of special rule for puerto rico.--Section 1400Z-1(b) 
    is amended by striking paragraph (3).
        (4) Limitation on number of designations.--Section 1400Z-
    1(d)(1) is amended--
            (A) in paragraph (1)--
                (i) by striking ``and subsection (b)(3)'', and
                (ii) by inserting ``during any period'' after ``the 
            number of population census tracts in a State that may be 
            designated as qualified opportunity zones under this 
            section'', and
            (B) in paragraph (2), by inserting ``during any period'' 
        before the period at the end.
        (5) Effective dates.--
            (A) In general.--Except as provided in subparagraph (B), 
        the amendments made by this subsection shall take effect on the 
        date of the enactment of this Act.
            (B) Puerto rico.--The amendment made by paragraph (3) shall 
        take effect on December 31, 2026.
    (b) Qualification for Designations.--
        (1) Determination of low-income communities.--Section 1400Z-
    1(c) is amended by striking all that precedes paragraph (2) and 
    inserting the following:
    ``(c) Other Definitions.--For purposes of this section--
        ``(1) Low-income communities.--The term `low-income community' 
    means any population census tract if--
            ``(A) such population census tract has a median family 
        income that--
                ``(i) in the case of a population census tract not 
            located within a metropolitan area, does not exceed 70 
            percent of the statewide median family income, or
                ``(ii) in the case of a population census tract located 
            within a metropolitan area, does not exceed 70 percent of 
            the metropolitan area median family income, or
            ``(B) such population census tract--
                ``(i) has a poverty rate of at least 20 percent, and
                ``(ii) has a median family income that--

                    ``(I) in the case of a population census tract not 
                located within a metropolitan area, does not exceed 125 
                percent of the statewide median family income, or
                    ``(II) in the case of a population census tract 
                located within a metropolitan area, does not exceed 125 
                percent of the metropolitan area median family 
                income.''.

        (2) Repeal of rule for contiguous census tracts.--Section 
    1400Z-1 is amended by striking subsection (e) and by redesignating 
    subsection (f) as subsection (e).
        (3) Period for which designation is in effect.--Section 1400Z-
    1(e), as redesignated by paragraph (2), is amended to read as 
    follows:
    ``(e) Period for Which Designation Is in Effect.--
        ``(1) In general.--A designation as a qualified opportunity 
    zone shall remain in effect for the period beginning on the 
    applicable start date and ending on the day before the date that is 
    10 years after the applicable start date.
        ``(2) Applicable start date.--For purposes of this section, the 
    term `applicable start date' means, with respect to any qualified 
    opportunity zone designated under this section, the January 1 
    following the date on which such qualified opportunity zone was 
    certified and designated by the Secretary under subsection 
    (b)(1)(B).''.
        (4) Effective date.--The amendments made by this subsection 
    shall apply to areas designated under section 1400Z-1 of the 
    Internal Revenue Code of 1986 after the date of the enactment of 
    this Act.
    (c) Application of Special Rules for Capital Gains.--
        (1) Repeal of sunset on election.--Section 1400Z-2(a)(2) is 
    amended to read as follows:
        ``(2) Election.--No election may be made under paragraph (1) 
    with respect to a sale or exchange if an election previously made 
    with respect to such sale or exchange is in effect.''.
        (2) Modification of rules for deferral of gain.--Section 1400Z-
    2(b) is amended to read as follows:
    ``(b) Deferral of Gain Invested in Opportunity Zone Property.--
        ``(1) Year of inclusion.--Gain to which subsection (a)(1)(B) 
    applies shall be included in gross income in the taxable year which 
    includes the earlier of--
            ``(A) the date on which such investment is sold or 
        exchanged, or
            ``(B) the date which is 5 years after the date the 
        investment in the qualified opportunity fund was made.
        ``(2) Amount includible.--
            ``(A) In general.--The amount of gain included in gross 
        income under subsection (a)(1)(B) shall be the excess of--
                ``(i) the lesser of the amount of gain excluded under 
            subsection (a)(1)(A) or the fair market value of the 
            investment as determined as of the date described in 
            paragraph (1), over
                ``(ii) the taxpayer's basis in the investment.
            ``(B) Determination of basis.--
                ``(i) In general.--Except as otherwise provided in this 
            subparagraph or subsection (c), the taxpayer's basis in the 
            investment shall be zero.
                ``(ii) Increase for gain recognized under subsection 
            (a)(1)(B).--The basis in the investment shall be increased 
            by the amount of gain recognized by reason of subsection 
            (a)(1)(B) with respect to such investment.
                ``(iii) Investments held for 5 years.--

                    ``(I) In general.--In the case of any investment 
                held for at least 5 years, the basis of such investment 
                shall be increased by an amount equal to 10 percent (30 
                percent in the case of any investment in a qualified 
                rural opportunity fund) of the amount of gain deferred 
                by reason of subsection (a)(1)(A).
                    ``(II) Application of increase.--For purposes of 
                this subsection, any increase in basis under this 
                clause shall be treated as occurring before the date 
                described in paragraph (1)(B).

            ``(C) Qualified rural opportunity fund.--For purposes of 
        subparagraph (B)(iii)--
                ``(i) Qualified rural opportunity fund.--The term 
            `qualified rural opportunity fund' means a qualified 
            opportunity fund that holds at least 90 percent of its 
            assets in qualified opportunity zone property which--

                    ``(I) is qualified opportunity zone business 
                property substantially all of the use of which, during 
                substantially all of the fund's holding period for such 
                property, was in a qualified opportunity zone comprised 
                entirely of a rural area, or
                    ``(II) is qualified opportunity zone stock, or a 
                qualified opportunity zone partnership interest, in a 
                qualified opportunity zone business in which 
                substantially all of the tangible property owned or 
                leased is qualified opportunity zone business property 
                described in subsection (d)(3)(A)(i) and substantially 
                all the use of which is in a qualified opportunity zone 
                comprised entirely of a rural area.

            For purposes of the preceding sentence, property held in 
            the fund shall be measured under rules similar to the rules 
            of subsection (d)(1).
                ``(ii) Rural area.--The term `rural area' means any 
            area other than--

                    ``(I) a city or town that has a population of 
                greater than 50,000 inhabitants, and
                    ``(II) any urbanized area contiguous and adjacent 
                to a city or town described in subclause (I).''.

        (3) Special rule for investments held at least 10 years.--
    Section 1400Z-2(c) is amended by striking ``makes an election under 
    this clause'' and all that follows and inserting ``makes an 
    election under this subsection, the basis of such investment shall 
    be equal to--
            ``(A) in the case of an investment sold before the date 
        that is 30 years after the date of the investment, the fair 
        market value of such investment on the date such investment is 
        sold or exchanged, or
            ``(B) in any other case, the fair market value of such 
        investment on the date that is 30 years after the date of the 
        investment.''.
        (4) Determination of qualified opportunity zone property.--
            (A) Qualified opportunity zone business property.--Section 
        1400Z-2(d)(2)(D)(i)(I) is amended by striking ``December 31, 
        2017'' and inserting ``the applicable start date (as defined in 
        section 1400Z-1(e)(2)) with respect to the qualified 
        opportunity zone described in subclause (III)''.
            (B) Qualified opportunity zone stock and partnership 
        interests.--Section 1400Z-2(d)(2) is amended--
                (i) by striking ``December 31, 2017,'' each place it 
            appears in subparagraphs (B)(i)(I) and (C)(i) and inserting 
            ``the applicable date'', and
                (ii) by adding at the end the following new 
            subparagraph:
            ``(E) Applicable date.--For purposes of this subparagraph, 
        the term `applicable date' means, with respect to any 
        corporation or partnership which is a qualified opportunity 
        zone business, the earliest date described in subparagraph 
        (D)(i)(I) with respect to the qualified opportunity zone 
        business property held by such qualified opportunity zone 
        business.''.
            (C) Special rule for improvement of existing structures in 
        rural areas.--Section 1400Z-2(d)(2)(D)(ii) is amended by 
        inserting ``(50 percent of such adjusted basis in the case of 
        property in a qualified opportunity zone comprised entirely of 
        a rural area (as defined in subsection (b)(2)(C)(ii))'' after 
        ``the adjusted basis of such property''.
        (5) Effective dates.--
            (A) In general.--Except as otherwise provided in this 
        paragraph, the amendments made by this subsection shall apply 
        to amounts invested in qualified opportunity funds after 
        December 31, 2026.
            (B) Acquisition of qualified opportunity zone property.--
        The amendments made by subparagraphs (A) and (B) of paragraph 
        (4) shall apply to property acquired after December 31, 2026.
            (C) Substantial improvement.--The amendment made by 
        paragraph (4)(C) shall take effect on the date of the enactment 
        of this Act.
    (d) Information Reporting on Qualified Opportunity Funds and 
Qualified Rural Opportunity Funds.--
        (1) Filing requirements for funds and investors.--Subpart A of 
    part III of subchapter A of chapter 61 is amended by inserting 
    after section 6039J the following new sections:
``SEC. 6039K. RETURNS WITH RESPECT TO QUALIFIED OPPORTUNITY FUNDS AND 
QUALIFIED RURAL OPPORTUNITY FUNDS.
    ``(a) In General.--Every qualified opportunity fund shall file an 
annual return (at such time and in such manner as the Secretary may 
prescribe) containing the information described in subsection (b).
    ``(b) Information From Qualified Opportunity Funds.--The 
information described in this subsection is--
        ``(1) the name, address, and taxpayer identification number of 
    the qualified opportunity fund,
        ``(2) whether the qualified opportunity fund is organized as a 
    corporation or a partnership,
        ``(3) the value of the total assets held by the qualified 
    opportunity fund as of each date described in section 1400Z-
    2(d)(1),
        ``(4) the value of all qualified opportunity zone property held 
    by the qualified opportunity fund on each such date,
        ``(5) with respect to each investment held by the qualified 
    opportunity fund in qualified opportunity zone stock or a qualified 
    opportunity zone partnership interest--
            ``(A) the name, address, and taxpayer identification number 
        of the corporation in which such stock is held or the 
        partnership in which such interest is held, as the case may be,
            ``(B) each North American Industry Classification System 
        (NAICS) code that applies to the trades or businesses conducted 
        by such corporation or partnership,
            ``(C) the population census tract or population census 
        tracts in which the qualified opportunity zone business 
        property of such corporation or partnership is located,
            ``(D) the amount of the investment in such stock or 
        partnership interest as of each date described in section 
        1400Z-2(d)(1),
            ``(E) the value of tangible property held by such 
        corporation or partnership on each such date which is owned by 
        such corporation or partnership,
            ``(F) the value of tangible property held by such 
        corporation or partnership on each such date which is leased by 
        such corporation or partnership,
            ``(G) the approximate number of residential units (if any) 
        for any real property held by such corporation or partnership, 
        and
            ``(H) the approximate average monthly number of full-time 
        equivalent employees of such corporation or partnership for the 
        year (within numerical ranges identified by the Secretary) or 
        such other indication of the employment impact of such 
        corporation or partnership as determined appropriate by the 
        Secretary,
        ``(6) with respect to the items of qualified opportunity zone 
    business property held by the qualified opportunity fund--
            ``(A) the North American Industry Classification System 
        (NAICS) code that applies to the trades or businesses in which 
        such property is held,
            ``(B) the population census tract in which the property is 
        located,
            ``(C) whether the property is owned or leased,
            ``(D) the aggregate value of the items of qualified 
        opportunity zone property held by the qualified opportunity 
        fund as of each date described in section 1400Z-2(d)(1), and
            ``(E) in the case of real property, the number of 
        residential units (if any),
        ``(7) the approximate average monthly number of full-time 
    equivalent employees for the year of the trades or businesses of 
    the qualified opportunity fund in which qualified opportunity zone 
    business property is held (within numerical ranges identified by 
    the Secretary) or such other indication of the employment impact of 
    such trades or businesses as determined appropriate by the 
    Secretary,
        ``(8) with respect to each person who disposed of an investment 
    in the qualified opportunity fund during the year--
            ``(A) the name, address, and taxpayer identification number 
        of such person,
            ``(B) the date or dates on which the investment disposed 
        was acquired, and
            ``(C) the date or dates on which any such investment was 
        disposed and the amount of the investment disposed, and
        ``(9) such other information as the Secretary may require.
    ``(c) Statement Required to Be Furnished to Investors.--Every 
person required to make a return under subsection (a) shall furnish to 
each person whose name is required to be set forth in such return by 
reason of subsection (b)(8) (at such time and in such manner as the 
Secretary may prescribe) a written statement showing--
        ``(1) the name, address, and phone number of the information 
    contact of the person required to make such return, and
        ``(2) the information required to be shown on such return by 
    reason of subsection (b)(8) with respect to the person whose name 
    is required to be so set forth.
    ``(d) Definitions.--For purposes of this section--
        ``(1) In general.--Any term used in this section which is also 
    used in subchapter Z of chapter 1 shall have the meaning given such 
    term under such subchapter.
        ``(2) Full-time equivalent employees.--The term `full-time 
    equivalent employees' means, with respect to any month, the sum 
    of--
            ``(A) the number of full-time employees (as defined in 
        section 4980H(c)(4)) for the month, plus
            ``(B) the number of employees determined (under rules 
        similar to the rules of section 4980H(c)(2)(E)) by dividing the 
        aggregate number of hours of service of employees who are not 
        full-time employees for the month by 120.
    ``(e) Application to Qualified Rural Opportunity Funds.--Every 
qualified rural opportunity fund (as defined in section 1400Z-
2(b)(2)(C)) shall file the annual return required under subsection (a), 
and the statements required under subsection (c), applied--
        ``(1) by substituting `qualified rural opportunity' for 
    `qualified opportunity' each place it appears,
        ``(2) by substituting `section 1400Z-2(b)(2)(C)' for `section 
    1400Z-2(d)(1)' each place it appears, and
        ``(3) by treating any reference (after the application of 
    paragraph (1)) to qualified rural opportunity zone stock, a 
    qualified rural opportunity zone partnership interest, a qualified 
    rural opportunity zone business, or qualified opportunity zone 
    business property as stock, an interest, a business, or property, 
    respectively, described in subclause (I) or (II), as the case may 
    be, of section 1400Z-2(b)(2)(C)(i).
``SEC. 6039L. INFORMATION REQUIRED FROM QUALIFIED OPPORTUNITY ZONE 
BUSINESSES AND QUALIFIED RURAL OPPORTUNITY ZONE BUSINESSES.
    ``(a) In General.--Every applicable qualified opportunity zone 
business shall furnish to the qualified opportunity fund described in 
subsection (b) a written statement at such time, in such manner, and 
setting forth such information as the Secretary may by regulations 
prescribe for purposes of enabling such qualified opportunity fund to 
meet the requirements of section 6039K(b)(5).
    ``(b) Applicable Qualified Opportunity Zone Business.--For purposes 
of subsection (a), the term `applicable qualified opportunity zone 
business' means any qualified opportunity zone business--
        ``(1) which is a trade or business of a qualified opportunity 
    fund,
        ``(2) in which a qualified opportunity fund holds qualified 
    opportunity zone stock, or
        ``(3) in which a qualified opportunity fund holds a qualified 
    opportunity zone partnership interest.
    ``(c) Other Terms.--Any term used in this section which is also 
used in subchapter Z of chapter 1 shall have the meaning given such 
term under such subchapter.
    ``(d) Application to Qualified Rural Opportunity Businesses.--Every 
applicable qualified rural opportunity zone business (as defined in 
subsection (b) determined after application of the substitutions 
described in this sentence) shall furnish the written statement 
required under subsection (a), applied--
        ``(1) by substituting `qualified rural opportunity' for 
    `qualified opportunity' each place it appears, and
        ``(2) by treating any reference (after the application of 
    paragraph (1)) to qualified rural opportunity zone stock, a 
    qualified rural opportunity zone partnership interest, or a 
    qualified rural opportunity zone business as stock, an interest, or 
    a business, respectively, described in subclause (I) or (II), as 
    the case may be, of section 1400Z-2(b)(2)(C)(i).''.
        (2) Penalties.--
            (A) In general.--Part II of subchapter B of chapter 68 is 
        amended by inserting after section 6725 the following new 
        section:
``SEC. 6726. FAILURE TO COMPLY WITH INFORMATION REPORTING REQUIREMENTS 
RELATING TO QUALIFIED OPPORTUNITY FUNDS AND QUALIFIED RURAL OPPORTUNITY 
FUNDS.
    ``(a) In General.--If any person required to file a return under 
section 6039K fails to file a complete and correct return under such 
section in the time and in the manner prescribed therefor, such person 
shall pay a penalty of $500 for each day during which such failure 
continues.
    ``(b) Limitation.--
        ``(1) In general.--The maximum penalty under this section on 
    failures with respect to any 1 return shall not exceed $10,000.
        ``(2) Large qualified opportunity funds.--In the case of any 
    failure described in subsection (a) with respect to a fund the 
    gross assets of which (determined on the last day of the taxable 
    year) are in excess of $10,000,000, paragraph (1) shall be applied 
    by substituting `$50,000' for `$10,000'.
    ``(c) Penalty in Cases of Intentional Disregard.--If a failure 
described in subsection (a) is due to intentional disregard, then--
        ``(1) subsection (a) shall be applied by substituting `$2,500' 
    for `$500',
        ``(2) subsection (b)(1) shall be applied by substituting 
    `$50,000' for `$10,000', and
        ``(3) subsection (b)(2) shall be applied by substituting 
    `$250,000' for `$50,000'.
    ``(d) Inflation Adjustment.--
        ``(1) In general.--In the case of any failure relating to a 
    return required to be filed in a calendar year beginning after 
    2025, each of the dollar amounts in subsections (a), (b), and (c) 
    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 determined by 
        substituting `calendar year 2024' for `calendar year 2016' in 
        subparagraph (A)(ii) thereof.
        ``(2) Rounding.--
            ``(A) In general.--If the $500 dollar amount in subsection 
        (a) and (c)(1) or the $2,500 amount in subsection (c)(1), after 
        being increased under paragraph (1), is not a multiple of $10, 
        such dollar amount shall be rounded to the next lowest multiple 
        of $10.
            ``(B) Asset threshold.--If the $10,000,000 dollar amount in 
        subsection (b)(2), after being increased under paragraph (1), 
        is not a multiple of $10,000, such dollar amount shall be 
        rounded to the next lowest multiple of $10,000.
            ``(C) Other dollar amounts.--If any dollar amount in 
        subsection (b) or (c) (other than any amount to which 
        subparagraph (A) or (B) applies), after being increased under 
        paragraph (1), is not a multiple of $1,000, such dollar amount 
        shall be rounded to the next lowest multiple of $1,000.''.
            (B) Information required to be sent to other taxpayers.--
        Section 6724(d)(2), as amended by the preceding provisions of 
        this Act, is amended--
                (i) by striking ``or'' at the end of subparagraph (LL),
                (ii) by striking the period at the end of subparagraph 
            (MM) and inserting a comma, and
                (iii) by inserting after subparagraph (MM) the 
            following new subparagraphs:
            ``(NN) section 6039K(c) (relating to disposition of 
        qualified opportunity fund investments), or
            ``(OO) section 6039L (relating to information required from 
        certain qualified opportunity zone businesses and qualified 
        rural opportunity zone businesses).''.
        (3) Electronic filing.--Section 6011(e) is amended by adding at 
    the end the following new paragraph:
        ``(8) Qualified opportunity funds and qualified rural 
    opportunity funds.--Notwithstanding paragraphs (1) and (2), any 
    return filed by a qualified opportunity fund or qualified rural 
    opportunity fund under section 6039K shall be filed on magnetic 
    media or other machine-readable form.''.
        (4) Clerical amendments.--
            (A) The table of sections for subpart A of part III of 
        subchapter A of chapter 61 is amended by inserting after the 
        item relating to section 6039J the following new items:
``Sec. 6039K. Returns with respect to qualified opportunity funds and 
          qualified rural opportunity funds.
``Sec. 6039L. Information required from qualified opportunity zone 
          businesses and qualified rural opportunity zone businesses.''.

            (B) The table of sections for part II of subchapter B of 
        chapter 68 is amended by inserting after the item relating to 
        section 6725 the following new item:
``Sec. 6726. Failure to comply with information reporting requirements 
          relating to qualified opportunity funds and qualified rural 
          opportunity funds.''.

        (5) Effective date.--The amendments made by this subsection 
    shall apply to taxable years beginning after the date of the 
    enactment of this Act.
    (e) Secretary Reporting of Data on Opportunity Zone and Rural 
Opportunity Zone Tax Incentives.--
        (1) In general.--In addition to amounts otherwise available, 
    there is appropriated, out of any money in the Treasury not 
    otherwise appropriated, $15,000,000, to remain available until 
    September 30, 2028, for necessary expenses of the Internal Revenue 
    Service to make the reports described in paragraph (2).
        (2) Reports.--As soon as practical after the date of the 
    enactment of this Act, and annually thereafter, the Secretary of 
    the Treasury, or the Secretary's delegate (referred to in this 
    section as the ``Secretary'') shall make publicly available a 
    report on qualified opportunity funds.
        (3) Information included.--The report required under paragraph 
    (2) shall include, to the extent available, the following 
    information:
            (A) The number of qualified opportunity funds.
            (B) The aggregate dollar amount of assets held in qualified 
        opportunity funds.
            (C) The aggregate dollar amount of investments made by 
        qualified opportunity funds in qualified opportunity fund 
        property, stated separately for each North American Industry 
        Classification System (NAICS) code.
            (D) The percentage of population census tracts designated 
        as qualified opportunity zones that have received qualified 
        opportunity fund investments.
            (E) For each population census tract designated as a 
        qualified opportunity zone, the approximate average monthly 
        number of full-time equivalent employees of the qualified 
        opportunity zone businesses in such qualified opportunity zone 
        for the preceding 12-month period (within numerical ranges 
        identified by the Secretary) or such other indication of the 
        employment impact of such qualified opportunity fund businesses 
        as determined appropriate by the Secretary.
            (F) The percentage of the total amount of investments made 
        by qualified opportunity funds in--
                (i) qualified opportunity zone property which is real 
            property; and
                (ii) other qualified opportunity zone property.
            (G) For each population census tract, the aggregate 
        approximate number of residential units resulting from 
        investments made by qualified opportunity funds in real 
        property.
            (H) The aggregate dollar amount of investments made by 
        qualified opportunity funds in each population census tract.
        (4) Additional information.--
            (A) In general.--Beginning with the report submitted under 
        paragraph (2) for the 6th year after the date of the enactment 
        of this Act, the Secretary shall include in such report the 
        impacts and outcomes of a designation of a population census 
        tract as a qualified opportunity zone as measured by economic 
        indicators, such as job creation, poverty reduction, new 
        business starts, and other metrics as determined by the 
        Secretary.
            (B) Semi-decennial information.--
                (i) In general.--In the case of any report submitted 
            under paragraph (2) in the 6th year or the 11th year after 
            the date of the enactment of this Act, the Secretary shall 
            include the following information:

                    (I) For population census tracts designated as a 
                qualified opportunity zone, a comparison (based on 
                aggregate information) of the factors listed in clause 
                (iii) between the 5-year period ending on the date of 
                the enactment of Public Law 115-97 and the most recent 
                5-year period for which data is available.
                    (II) For population census tracts designated as a 
                qualified opportunity zone, a comparison (based on 
                aggregate information) of the factors listed in clause 
                (iii) for the most recent 5-year period for which data 
                is available between such population census tracts and 
                similar population census tracts that were not 
                designated as a qualified opportunity zone.

                (ii) Control groups.--For purposes of clause (i), the 
            Secretary may combine population census tracts into such 
            groups as the Secretary determines appropriate for purposes 
            of making comparisons.
                (iii) Factors listed.--The factors listed in this 
            clause are the following:

                    (I) The unemployment rate.
                    (II) The number of persons working in the 
                population census tract, including the percentage of 
                such persons who were not residents in the population 
                census tract in the preceding year.
                    (III) Individual, family, and household poverty 
                rates.
                    (IV) Median family income of residents of the 
                population census tract.
                    (V) Demographic information on residents of the 
                population census tract, including age, income, 
                education, race, and employment.
                    (VI) The average percentage of income of residents 
                of the population census tract spent on rent annually.
                    (VII) The number of residences in the population 
                census tract.
                    (VIII) The rate of home ownership in the population 
                census tract.
                    (IX) The average value of residential property in 
                the population census tract.
                    (X) The number of affordable housing units in the 
                population census tract.
                    (XI) The number of new business starts in the 
                population census tract.
                    (XII) The distribution of employees in the 
                population census tract by North American Industry 
                Classification System (NAICS) code.

        (5) Protection of identifiable return information.--In making 
    reports required under this subsection, the Secretary--
            (A) shall establish appropriate procedures to ensure that 
        any amounts reported do not disclose taxpayer return 
        information that can be associated with any particular taxpayer 
        or competitive or proprietary information, and
            (B) if necessary to protect taxpayer return information, 
        may combine information required with respect to individual 
        population census tracts into larger geographic areas.
        (6) Definitions.--Any term used in this subsection which is 
    also used in subchapter Z of chapter 1 of the Internal Revenue Code 
    of 1986 shall have the meaning given such term under such 
    subchapter.
        (7) Reports on qualified rural opportunity funds.--The 
    Secretary shall make publicly available, with respect to qualified 
    rural opportunity funds, separate reports as required under this 
    subsection, applied--
            (A) by substituting ``qualified rural opportunity'' for 
        ``qualified opportunity'' each place it appears,
            (B) by substituting a reference to this Act for ``Public 
        Law 115-97'', and
            (C) by treating any reference (after the application of 
        subparagraph (A)) to qualified rural opportunity zone stock, 
        qualified rural opportunity zone partnership interest, 
        qualified rural opportunity zone business, or qualified 
        opportunity zone business property as stock, interest, 
        business, or property, respectively, described in subclause (I) 
        or (II), as the case may be, of section 1400Z-2(b)(2)(C)(i) of 
        the Internal Revenue Code of 1986.
SEC. 70422. PERMANENT ENHANCEMENT OF LOW-INCOME HOUSING TAX CREDIT.
    (a) Permanent State Housing Credit Ceiling Increase for Low-income 
Housing Credit.--
        (1) In general.--Section 42(h)(3)(I) is amended--
            (A) by striking ``2018, 2019, 2020, and 2021,'' and 
        inserting ``beginning after December 31, 2025,'',
            (B) by striking ``1.125'' and inserting ``1.12'', and
            (C) by striking ``2018, 2019, 2020, and 2021'' in the 
        heading and inserting ``calendar years after 2025''.
        (2) Effective date.--The amendments made by this subsection 
    shall apply to calendar years beginning after December 31, 2025.
    (b) Tax-exempt Bond Financing Requirement.--
        (1) In general.--Section 42(h)(4) is amended by striking 
    subparagraph (B) and inserting the following:
            ``(B) Special rule where minimum percent of buildings is 
        financed with tax-exempt bonds subject to volume cap.--For 
        purposes of subparagraph (A), paragraph (1) shall not apply to 
        any portion of the credit allowable under subsection (a) with 
        respect to a building if--
                ``(i) 50 percent or more of the aggregate basis of such 
            building and the land on which the building is located is 
            financed by 1 or more obligations described in subparagraph 
            (A), or
                ``(ii)(I) 25 percent or more of the aggregate basis of 
            such building and the land on which the building is located 
            is financed by 1 or more obligations described in 
            subparagraph (A), and
                ``(II) 1 or more of such obligations--

                    ``(aa) are part of an issue the issue date of which 
                is after December 31, 2025, and
                    ``(bb) provide the financing for not less than 5 
                percent of the aggregate basis of such building and the 
                land on which the building is located.''.

        (2) Effective date.--
            (A) In general.--The amendment made by this subsection 
        shall apply to buildings placed in service in taxable years 
        beginning after December 31, 2025.
            (B) Rehabilitation expenditures treated as separate new 
        building.--In the case of any building with respect to which 
        any expenditures are treated as a separate new building under 
        section 42(e) of the Internal Revenue Code of 1986, for 
        purposes of subparagraph (A), both the existing building and 
        the separate new building shall be treated as having been 
        placed in service on the date such expenditures are treated as 
        placed in service under section 42(e)(4) of such Code.
SEC. 70423. PERMANENT EXTENSION OF NEW MARKETS TAX CREDIT.
    (a) In General.--Section 45D(f)(1)(H) is amended by striking ``for 
for each of calendar years 2020 through 2025'' and inserting `` for 
each calendar year after 2019''.
    (b) Carryover of Unused Limitation.--Section 45D(f)(3) is amended--
        (1) by striking ``If the'' and inserting the following:
            ``(A) In general.--If the'', and
        (2) by striking the second sentence and inserting the 
    following:
            ``(B) Limitation.--No amount may be carried under 
        subparagraph (A) to any calendar year afer the fifth calendar 
        year after the calendar year in which the excess described in 
        such subparagraph occurred. For purposes of this subparagraph, 
        any excess described in subparagraph (A) with respect to any 
        calendar year before 2026 shall be treated as occurring in 
        calendar year 2025.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to calendar years beginning after December 31, 2025.
SEC. 70424. PERMANENT AND EXPANDED REINSTATEMENT OF PARTIAL DEDUCTION 
FOR CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO 
ITEMIZE.
    (a) In General.--Section 170(p) is amended--
        (1) by striking ``$300 ($600'' and inserting ``$1,000 
    ($2,000'', and
        (2) by striking ``beginning in 2021''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70425. 0.5 PERCENT FLOOR ON DEDUCTION OF CONTRIBUTIONS MADE BY 
INDIVIDUALS.
    (a) In General.--
        (1) In general.--Paragraph (1) of section 170(b) is amended by 
    adding at the end the following new subparagraph:
            ``(I) 0.5-percent floor.--Any charitable contribution 
        otherwise allowable (without regard to this subparagraph) as a 
        deduction under this section shall be allowed only to the 
        extent that the aggregate of such contributions exceeds 0.5 
        percent of the taxpayer's contribution base for the taxable 
        year. The preceding sentence shall be applied--
                ``(i) first, by taking into account charitable 
            contributions to which subparagraph (D) applies to the 
            extent thereof,
                ``(ii) second, by taking into account charitable 
            contributions to which subparagraph (C) applies to the 
            extent thereof,
                ``(iii) third, by taking into account charitable 
            contributions to which subparagraph (B) applies to the 
            extent thereof,
                ``(iv) fourth, by taking into account charitable 
            contributions to which subparagraph (E) applies to the 
            extent thereof,
                ``(v) fifth, by taking into account charitable 
            contributions to which subparagraph (A) applies to the 
            extent thereof, and
                ``(vi) sixth, by taking into account charitable 
            contributions to which subparagraph (G) applies to the 
            extent thereof.''.
        (2) Application of carryforward.--Paragraph (1) of section 
    170(d) is amended by adding at the end the following new 
    subparagraph:
            ``(C) Contributions disallowed by 0.5-percent floor carried 
        forward only from years in which limitation is exceeded.--
                ``(i) In general.--In the case of any taxable year from 
            which an excess is carried forward (determined without 
            regard to this subparagraph) under any carryover rule, the 
            applicable carryover rule shall be applied by increasing 
            the excess determined under such applicable carryover rule 
            for the contribution year (before the application of 
            subparagraph (B)) by the amount attributable to the 
            charitable contributions to which such rule applies which 
            is not allowed as a deduction for the contribution year by 
            reason of subsection (b)(1)(I).
                ``(ii) Carryover rule.--For purposes of this 
            subparagraph, the term `carryover rule' means--

                    ``(I) subparagraph (A) of this paragraph,
                    ``(II) subparagraphs (C)(ii), (D)(ii), (E)(ii), and 
                (G)(ii) of subsection (b)(1), and
                    ``(III) the second sentence of subsection 
                (b)(1)(B).

                ``(iii) Applicable carryover rule.--For purposes of 
            this subparagraph, the term `applicable carryover rule' 
            means any carryover rule applicable to charitable 
            contributions which were (in whole or in part) not allowed 
            as a deduction for the contribution year by reason of 
            subsection (b)(1)(I).''.
        (3) Coordination with deduction for nonitemizers.--Section 
    170(p), as amended by this Act, is further amended by inserting ``, 
    (b)(1)(I),'' after ``subsections (b)(1)(G)(ii)''.
    (b) Modification of Limitation for Cash Contributions.--
        (1) In general.--Clause (i) of section 170(b)(1)(G) is amended 
    to read as follows:
                ``(i) In general.--For taxable years beginning after 
            December 31, 2017, any contribution of cash to an 
            organization described in subparagraph (A) shall be allowed 
            as a deduction under subsection (a) to the extent that the 
            aggregate of such contributions does not exceed the excess 
            of--

                    ``(I) 60 percent of the taxpayer's contribution 
                base for the taxable year, over
                    ``(II) the aggregate amount of contributions taken 
                into account under subparagraph (A) for such taxable 
                year.''.

        (2) Coordination with other limitations.--
            (A) In general.--Clause (iii) of section 170(b)(1)(G) is 
        amended--
                (i) by striking ``subparagraphs (a) and (b)'' in the 
            heading and inserting ``subparagraph (a)'', and
                (ii) in subclause (II), by striking ``, and 
            subparagraph (B)'' and all that follows through ``this 
            subparagraph''.
            (B) Other contributions.--Subparagraph (B) of section 
        170(b)(1) is amended--
                (i) by striking ``to which subparagraph (A)'' both 
            places it appears and inserting ``to which subparagraph (A) 
            or (G)'', and
                (ii) in clause (ii), by striking ``over the amount'' 
            and all that follows through ``subparagraph (C)).'' and 
            inserting ``over--

                    ``(I) the amount of charitable contributions 
                allowable under subparagraph (A) (determined without 
                regard to subparagraph (C)) and subparagraph (G), 
                reduced by
                    ``(II) so much of the contributions taken into 
                account under subparagraph (G) as does not exceed 10 
                percent of the taxpayer's contribution base.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70426. 1-PERCENT FLOOR ON DEDUCTION OF CHARITABLE CONTRIBUTIONS 
MADE BY CORPORATIONS.
    (a) In General.--Section 170(b)(2)(A) is amended to read as 
follows:
            ``(A) In general.--Any charitable contribution otherwise 
        allowable (without regard to this subparagraph) as a deduction 
        under this section for any taxable year, other than any 
        contribution to which subparagraph (B) or (C) applies, shall be 
        allowed only to the extent that the aggregate of such 
        contributions--
                ``(i) exceeds 1 percent of the taxpayer's taxable 
            income for the taxable year, and
                ``(ii) does not exceed 10 percent of the taxpayer's 
            taxable income for the taxable year.''.
    (b) Application of Carryforward.--Section 170(d)(2) is amended to 
read as follows:
        ``(2) Corporations.--
            ``(A) In general.--Any charitable contribution taken into 
        account under subsection (b)(2)(A) for any taxable year which 
        is not allowed as a deduction by reason of clause (ii) thereof 
        shall be taken into account as a charitable contribution for 
        the succeeding taxable year, except that, for purposes of 
        determining under this subparagraph whether such contribution 
        is allowed in such succeeding taxable year, contributions in 
        such succeeding taxable year (determined without regard to this 
        paragraph) shall be taken into account under subsection 
        (b)(2)(A) before any contribution taken into account by reason 
        of this paragraph.
            ``(B) 5-year carryforward.--No charitable contribution may 
        be carried forward under subparagraph (A) to any taxable year 
        following the fifth taxable year after the taxable year in 
        which the charitable contribution was first taken into account. 
        For purposes of the preceding sentence, contributions shall be 
        treated as allowed on a first-in first-out basis.
            ``(C) Contributions disallowed by 1-percent floor carried 
        forward only from years in which 10 percent limitation is 
        exceeded.--In the case of any taxable year from which a 
        charitable contribution is carried forward under subparagraph 
        (A) (determined without regard this subparagraph), subparagraph 
        (A) shall be applied by substituting `clause (i) or (ii)' for 
        `clause (ii)'.
            ``(D) Special rule for net operating loss carryovers.--The 
        amount of charitable contributions carried forward under 
        subparagraph (A) shall be reduced to the extent that such 
        carryfoward would (but for this subparagraph) reduce taxable 
        income (as computed for purposes of the second sentence of 
        section 172(b)(2)) and increase a net operating loss carryover 
        under section 172 to a succeeding taxable year.''.
    (c) Conforming Amendments.--Subparagraphs (B)(ii) and (C)(ii) of 
section 170(b)(2) are each amended by inserting ``other than 
subparagraph (C) thereof'' after ``subsection (d)(2)''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70427. PERMANENT INCREASE IN LIMITATION ON COVER OVER OF TAX ON 
DISTILLED SPIRITS.
    (a) In General.--Paragraph (1) of section 7652(f) is amended to 
read as follows:
        ``(1) $13.25, or''.
    (b) Effective Date.--The amendment made by this section shall apply 
to distilled spirits brought into the United States after December 31, 
2025.
SEC. 70428. NONPROFIT COMMUNITY DEVELOPMENT ACTIVITIES IN REMOTE NATIVE 
VILLAGES.
    (a) In General.--For purposes of subchapter F of chapter 1 of the 
Internal Revenue Code of 1986, any activity substantially related to 
participation or investment in fisheries in the Bering Sea and Aleutian 
Islands statistical and reporting areas (as described in Figure 1 of 
section 679 of title 50, Code of Federal Regulations) carried on by an 
entity identified in section 305(i)(1)(D) of the Magnuson-Stevens 
Fishery Conservation and Management Act (16 U.S.C. 1855(i)(1)(D)) (as 
in effect on the date of enactment of this section) shall be considered 
substantially related to the exercise or performance of the purpose 
constituting the basis of such entity's exemption under section 501(a) 
of such Code if the conduct of such activity is in furtherance of 1 or 
more of the purposes specified in section 305(i)(1)(A) of such Act (as 
so in effect). For purposes of this paragraph, activities substantially 
related to participation or investment in fisheries include the 
harvesting, processing, transportation, sales, and marketing of fish 
and fish products of the Bering Sea and Aleutian Islands statistical 
and reporting areas.
    (b) Application to Certain Wholly Owned Subsidiaries.--If the 
assets of a trade or business relating to an activity described in 
subsection (a) of any subsidiary wholly owned by an entity identified 
in section 305(i)(1)(D) of the Magnuson-Stevens Fishery Conservation 
and Management Act (16 U.S.C. 1855(i)(1)(D)) (as in effect on the date 
of enactment of this section) are transferred to such entity (including 
in liquidation of such subsidiary) not later than 18 months after the 
date of the enactment of this Act--
        (1) no gain or income resulting from such transfer shall be 
    recognized to either such subsidiary or such entity under such 
    Code, and
        (2) all income derived from such subsidiary from such 
    transferred trade or business shall be exempt from taxation under 
    such Code.
    (c) Effective Date.--This section shall take effect on the date of 
the enactment of this Act and shall remain effective during the 
existence of the western Alaska community development quota program 
established by Section 305(i)(1) of the Magnuson-Stevens Fishery 
Conservation and Management Act (16 U.S.C. 1855(i)(1)), as amended.
SEC. 70429. ADJUSTMENT OF CHARITABLE DEDUCTION FOR CERTAIN EXPENSES 
INCURRED IN SUPPORT OF NATIVE ALASKAN SUBSISTENCE WHALING.
    (a) In General.--Section 170(n)(1) of the Internal Revenue Code of 
1986 is amended by striking ``$10,000'' and inserting ``$50,000''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70430. EXCEPTION TO PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING 
FOR CERTAIN RESIDENTIAL CONSTRUCTION CONTRACTS.
    (a) In General.--Section 460(e) is amended--
        (1) in paragraph (1)--
            (A) by striking ``home construction contract'' both places 
        it appears and inserting ``residential construction contract'', 
        and
            (B) by inserting ``(determined by substituting `3-year' for 
        `2-year' in subparagraph (B)(i) for any residential 
        construction contract which is not a home construction 
        contract)'' after ``the requirements of clauses (i) and (ii) of 
        subparagraph (B)'',
        (2) by striking paragraph (4) and redesignating paragraph (5) 
    as paragraph (4), and
        (3) in subparagraph (A) of paragraph (4), as so redesignated, 
    by striking ``paragraph (4)'' and inserting ``paragraph (3)''.
    (b) Application of Exception for Purposes of Alternative Minimum 
Tax.--Section 56(a)(3) is amended by striking ``any home construction 
contract (as defined in section 460(e)(6))'' and inserting ``any 
residential construction contract (as defined in section 460(e)(4))''.
    (c) Effective Date.--The amendments made by this section shall 
apply to contracts entered into in taxable years beginning after the 
date of the enactment of this Act.

Subchapter D--Permanent Investments in Small Business and Rural America

SEC. 70431. EXPANSION OF QUALIFIED SMALL BUSINESS STOCK GAIN EXCLUSION.
    (a) Phased Increase in Exclusion for Gain From Qualified Small 
Business Stock.--
        (1) In general.--Section 1202(a)(1) is amended to read as 
    follows:
        ``(1) In general.-- In the case of a taxpayer other than a 
    corporation, gross income shall not include--
            ``(A) except as provided in paragraphs (3) and (4), 50 
        percent of any gain from the sale or exchange of qualified 
        small business stock acquired on or before the applicable date 
        and held for more than 5 years, and
            ``(B) the applicable percentage of any gain from the sale 
        or exchange of qualified small business stock acquired after 
        the applicable date and held for at least 3 years.''.
        (2) Applicable percentage.--Section 1202(a) is amended by 
    adding at the end the following new paragraph:
        ``(5) Applicable percentage.--The applicable percentage under 
    paragraph (1) shall be determined under the following table:


 
                                                            Applicable
                  ``Years stock held:                      percentage:
 
3 years................................................              50%
4 years................................................              75%
5 years or more........................................          100%''.
 


    ''.    (3) Applicable date; acquisition date.--Section 1202(a), as 
    amended by paragraph (2), is amended by adding at the end the 
    following new paragraph:
        ``(6) Applicable date; acquisition date.--For purposes of this 
    section--
            ``(A) Applicable date.--The term `applicable date' means 
        the date of the enactment of this paragraph.
            ``(B) Acquisition date.--In the case of any stock which 
        would (but for this paragraph) be treated as having been 
        acquired before, on, or after the applicable date, whichever is 
        applicable, the acquisition date for purposes of this section 
        shall be the first day on which such stock was held by the 
        taxpayer determined after the application of section 1223.''.
        (4) Continued treatment as not item of tax preference.--
            (A) In general.--Section 57(a)(7) is amended by striking 
        ``An amount'' and inserting ``In the case of stock acquired on 
        or before the date of the enactment of the Creating Small 
        Business Jobs Act of 2010, an amount''.
            (B) Conforming amendment.--Section 1202(a)(4) is amended--
                (i) by striking ``, and'' at the end of subparagraph 
            (B) and inserting a period, and
                (ii) by striking subparagraph (C).
        (5) Other conforming amendments.--
            (A) Paragraphs (3)(A) and (4)(A) of section 1202(a) are 
        each amended by striking ``paragraph (1)'' and inserting 
        ``paragraph (1)(A)''.
            (B) Paragraph (4)(A) of section 1202(a) is amended by 
        inserting ``and on or before the applicable date'' after 
        ``2010''.
            (C) Sections 1202(b)(2), 1202(g)(2)(A), and 1202(j)(1)(A) 
        are each amended by striking ``more than 5 years'' and 
        inserting ``at least 3 years (more than 5 years in the case of 
        stock acquired on or before the applicable date)''.
        (6) Effective dates.--
            (A) In general.--Except as provided in subparagraph (B), 
        the amendments made by this subsection shall apply to taxable 
        years beginning after the date of the enactment of this Act.
            (B) Continued treatment as not item of tax preference.--The 
        amendments made by paragraph (4) shall take effect as if 
        included in the enactment of section 2011 of the Creating Small 
        Business Jobs Act of 2010.
    (b) Increase in Per Issuer Limitation.--
        (1) In general.--Subparagraph (A) of section 1202(b)(1) is 
    amended to read as follows:
            ``(A) the applicable dollar limit for the taxable year, 
        or''.
        (2) Applicable dollar limit.--Section 1202 (b) is amended by 
    adding at the end the following:
        ``(4) Applicable dollar limit.--For purposes of paragraph 
    (1)(A), the applicable dollar limit for any taxable year with 
    respect to eligible gain from 1 or more dispositions by a taxpayer 
    of qualified business stock of a corporation is--
            ``(A) if such stock was acquired by the taxpayer on or 
        before the applicable date, $10,000,000, reduced by the 
        aggregate amount of eligible gain taken into account by the 
        taxpayer under subsection (a) for prior taxable years and 
        attributable to dispositions of stock issued by such 
        corporation and acquired by the taxpayer before, on, or after 
        the applicable date, and
            ``(B) if such stock was acquired by the taxpayer after the 
        applicable date, $15,000,000, reduced by the sum of--
                ``(i) the aggregate amount of eligible gain taken into 
            account by the taxpayer under subsection (a) for prior 
            taxable years and attributable to dispositions of stock 
            issued by such corporation and acquired by the taxpayer 
            before, on, or after the applicable date, plus
                ``(ii) the aggregate amount of eligible gain taken into 
            account by the taxpayer under subsection (a) for the 
            taxable year and attributable to dispositions of stock 
            issued by such corporation and acquired by the taxpayer on 
            or before the applicable date.
        ``(5) Inflation adjustment.--
            ``(A) In general.--In the case of any taxable year 
        beginning after 2026, the $15,000,000 amount in paragraph 
        (4)(B) shall be increased by an amount equal to --
                ``(i) such dollar amount, multiplied by
                ``(ii) 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 
            2025' for `calendar year 2016' in subparagraph (A)(ii) 
            thereof.
        If any increase under this subparagraph is not a multiple of 
        $10,000, such increase shall be rounded to the nearest multiple 
        of $10,000.
            ``(B) No increase once limit reached.--If, for any taxable 
        year, the eligible gain attributable to dispositions of stock 
        issued by a corporation and acquired by the taxpayer after the 
        applicable date exceeds the applicable dollar limit, then 
        notwithstanding any increase under subparagraph (A) for any 
        subsequent taxable year, the applicable dollar limit for such 
        subsequent taxable year shall be zero.''.
        (3) Separate returns.--Subparagraph (A) of section 1202(b)(3) 
    is amended to read as follows:
            ``(A) Separate returns.--In the case of a separate return 
        by a married individual for any taxable year--
                ``(i) paragraph (4)(A) shall be applied by substituting 
            `$5,000,000' for `$10,000,000', and
                ``(ii) paragraph (4)(B) shall be applied by 
            substituting one-half of the dollar amount in effect under 
            such paragraph for the taxable year for the amount so in 
            effect.''.
        (4) Effective date.--The amendments made by this subsection 
    shall apply to taxable years beginning after the date of the 
    enactment of this Act.
    (c) Increase in Limit in Aggregate Gross Assets.--
        (1) In general.--Subparagraphs (A) and (B) of section 
    1202(d)(1) are each amended by striking ``$50,000,000'' and 
    inserting ``$75,000,000''.
        (2) Inflation adjustment.--Section 1202(b) is amended by adding 
    at the end the following:
        ``(4) Inflation adjustment.--In the case of any taxable year 
    beginning after 2026, the $75,000,000 amounts in paragraphs (1)(A) 
    and (1)(B) shall each 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 2025' for 
        `calendar year 2016' in subparagraph (A)(ii) thereof.
    If any increase under this paragraph is not a multiple of $10,000, 
    such increase shall be rounded to the nearest multiple of 
    $10,000.''.
        (3) Effective date.--The amendments made by this subsection 
    shall apply to stock issued after the date of the enactment of this 
    Act.
SEC. 70432. REPEAL OF REVISION TO DE MINIMIS RULES FOR THIRD PARTY 
NETWORK TRANSACTIONS.
    (a) Reinstatement of Exception for De Minimis Payments as in Effect 
Prior to Enactment of American Rescue Plan Act of 2021.--
        (1) In general.--Section 6050W(e) is amended to read as 
    follows:
    ``(e) Exception for De Minimis Payments by Third Party Settlement 
Organizations.--A third party settlement organization shall be required 
to report any information under subsection (a) with respect to third 
party network transactions of any participating payee only if--
        ``(1) the amount which would otherwise be reported under 
    subsection (a)(2) with respect to such transactions exceeds 
    $20,000, and
        ``(2) the aggregate number of such transactions exceeds 200.''.
        (2) Effective date.--The amendment made by this subsection 
    shall take effect as if included in section 9674 of the American 
    Rescue Plan Act.
    (b) Application of De Minimis Rule for Third Party Network 
Transactions to Backup Withholding.--
        (1) In general.--Section 3406(b) is amended by adding at the 
    end the following new paragraph:
        ``(8) Other reportable payments include payments in settlement 
    of third party network transactions only where aggregate 
    transactions exceed reporting threshold for the calendar year.--
            ``(A) In general.--Any payment in settlement of a third 
        party network transaction required to be shown on a return 
        required under section 6050W which is made during any calendar 
        year shall be treated as a reportable payment only if--
                ``(i) the aggregate number of transactions with respect 
            to the participating payee during such calendar year 
            exceeds the number of transactions specified in section 
            6050W(e)(2), and
                ``(ii) the aggregate amount of transactions with 
            respect to the participating payee during such calendar 
            year exceeds the dollar amount specified in section 
            6050W(e)(1) at the time of such payment.
            ``(B) Exception if third party network transactions made in 
        prior year were reportable.--Subparagraph (A) shall not apply 
        with respect to payments to any participating payee during any 
        calendar year if one or more payments in settlement of third 
        party network transactions made by the payor to the 
        participating payee during the preceding calendar year were 
        reportable payments.''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to calendar years beginning after December 31, 2024.
SEC. 70433. INCREASE IN THRESHOLD FOR REQUIRING INFORMATION REPORTING 
WITH RESPECT TO CERTAIN PAYEES.
    (a) In General.--Section 6041(a) is amended by striking ``$600'' 
and inserting ``$2,000''.
    (b) Inflation Adjustment.--Section 6041 is amended by adding at the 
end the following new subsection:
    ``(h) Inflation Adjustment.--In the case of any calendar year after 
2026, the dollar amount in subsection (a) shall be increased by an 
amount equal to--
        ``(1) such dollar amount, multiplied by
        ``(2) the cost-of-living adjustment determined under section 
    1(f)(3) for such calendar year, determined by substituting 
    `calendar year 2025' for `calendar year 2016' in subparagraph 
    (A)(ii) thereof.
If any increase under the preceding sentence is not a multiple of $100, 
such increase shall be rounded to the nearest multiple of $100.''.
    (c) Application to Reporting on Remuneration for Services.--Section 
6041A(a)(2) is amended by striking ``is $600 or more'' and inserting 
``equals or exceeds the dollar amount in effect for such calendar year 
under section 6041(a)''.
    (d) Application to Backup Withholding.--Section 3406(b)(6) is 
amended--
        (1) by striking ``$600'' in subparagraph (A) and inserting 
    ``the dollar amount in effect for such calendar year under section 
    6041(a)'', and
        (2) by striking ``Only Where Aggregate for Calendar Year Is 
    $600 or More'' in the heading and inserting ``Only Where in Excess 
    of Threshold''.
    (e) Conforming Amendments.--
        (1) The heading of section 6041(a) is amended by striking ``of 
    $600 or More'' and inserting ``Exceeding Threshold''.
        (2) Section 6041(a) is amended by striking ``taxable year'' and 
    inserting ``calendar year''.
    (f) Effective Date.--The amendments made by this section shall 
apply with respect to payments made after December 31, 2025.
SEC. 70434. TREATMENT OF CERTAIN QUALIFIED SOUND RECORDING PRODUCTIONS.
    (a) Election to Treat Costs as Expenses.--Section 181(a)(1) is 
amended by striking ``qualified film or television production, and any 
qualified live theatrical production,'' and inserting ``qualified film 
or television production, any qualified live theatrical production, and 
any qualified sound recording production''.
    (b) Dollar Limitation.--Section 181(a)(2) is amended by adding at 
the end the following new subparagraph:
            ``(C) Qualified sound recording production.--Paragraph (1) 
        shall not apply to so much of the aggregate cost of any 
        qualified sound recording production, or to so much of the 
        aggregate, cumulative cost of all such qualified sound 
        recording productions in the taxable year, as exceeds 
        $150,000.''.
    (c) No Other Deduction or Amortization Deduction Allowable.--
Section 181(b) is amended by striking ``qualified film or television 
production or any qualified live theatrical production'' and inserting 
``qualified film or television production, any qualified live 
theatrical production, or any qualified sound recording production''.
    (d) Election.--Section 181(c)(1) is amended by striking ``qualified 
film or television production or any qualified live theatrical 
production'' and inserting ``qualified film or television production, 
any qualified live theatrical production, or any qualified sound 
recording production''.
    (e) Qualified Sound Recording Production Defined.--Section 181 is 
amended by redesignating subsections (f) and (g) as subsections (g) and 
(h), respectively, and by inserting after subsection (e) the following 
new subsection:
    ``(f) Qualified Sound Recording Production.--For purposes of this 
section, the term `qualified sound recording production' means a sound 
recording (as defined in section 101 of title 17, United States Code) 
produced and recorded in the United States.''.
    (f) Application of Termination.--Section 181(h), as redesignated by 
subsection (e), is amended by striking ``qualified film and television 
productions or qualified live theatrical productions'' and inserting 
``qualified film and television productions, qualified live theatrical 
productions, or qualified sound recording productions''.
    (g) Bonus Depreciation.--
        (1) Qualified sound recording production as qualified 
    property.--Section 168(k)(2)(A)(i) is amended--
            (A) by striking ``or'' at the end of subclause (IV), by 
        inserting ``or'' at the end of subclause (V), and by inserting 
        after subclause (V) the following:

                    ``(VI) which is a qualified sound recording 
                production (as defined in subsection (f) of section 
                181) for which a deduction would have been allowable 
                under section 181 without regard to subsections (a)(2) 
                and (h) of such section or this subsection, and'', and

            (B) in subclauses (IV) and (V) (as so amended) by striking 
        ``without regard to subsections (a)(2) and (g)'' both places it 
        appears and inserting ``without regard to subsections (a)(2) 
        and (h)''.
        (2) Production placed in service.--Section 168(k)(2)(H) is 
    amended by striking ``and'' at the end of clause (i), by striking 
    the period at the end of clause (ii) and inserting ``, and'', and 
    by adding after clause (ii) the following:
                ``(iii) a qualified sound recording production shall be 
            considered to be placed in service at the time of initial 
            release or broadcast.''.
    (h) Conforming Amendments.--
        (1) The heading for section 181 is amended to read as follows: 
    ``treatment of certain qualified productions.''.
        (2) The table of sections for part VI of subchapter B of 
    chapter 1 is amended by striking the item relating to section 181 
    and inserting the following new item:
``Sec. 181. Treatment of certain qualified productions.''.

    (i) Effective Date.--The amendments made by this section shall 
apply to productions commencing in taxable years ending after the date 
of the enactment of this Act.
SEC. 70435. EXCLUSION OF INTEREST ON LOANS SECURED BY RURAL OR 
AGRICULTURAL REAL PROPERTY.
    (a) In General.--Part III of subchapter B of chapter 1, as amended 
by the preceding provisions of this Act, is amended by inserting after 
section 139K the following new section:
``SEC. 139L. INTEREST ON LOANS SECURED BY RURAL OR AGRICULTURAL REAL 
PROPERTY.
    ``(a) In General.--Gross income shall not include 25 percent of the 
interest received by a qualified lender on any qualified real estate 
loan.
    ``(b) Qualified Lender.--For purposes of this section, the term 
`qualified lender' means--
        ``(1) any bank or savings association the deposits of which are 
    insured under the Federal Deposit Insurance Act (12 U.S.C. 1811 et 
    seq.),
        ``(2) any State- or federally-regulated insurance company,
        ``(3) any entity wholly owned, directly or indirectly, by a 
    company that is treated as a bank holding company for purposes of 
    section 8 of the International Banking Act of 1978 (12 U.S.C. 3106) 
    if--
            ``(A) such entity is organized, incorporated, or 
        established under the laws of the United States or any State, 
        and
            ``(B) the principal place of business of such entity is in 
        the United States (including any territory of the United 
        States),
        ``(4) any entity wholly owned, directly or indirectly, by a 
    company that is considered an insurance holding company under the 
    laws of any State if such entity satisfies the requirements 
    described in subparagraphs (A) and (B) of paragraph (3), and
        ``(5) with respect to interest received on a qualified real 
    estate loan secured by real estate described in subsection 
    (c)(3)(A), any federally chartered instrumentality of the United 
    States established under section 8.1(a) of the Farm Credit Act of 
    1971 (12 U.S.C. 2279aa-1(a)).
    ``(c) Qualified Real Estate Loan.--For purposes of this section--
        ``(1) In general.--The term `qualified real estate loan' means 
    any loan--
            ``(A) secured by--
                ``(i) rural or agricultural real estate, or
                ``(ii) a leasehold mortgage (with a status as a lien) 
            on rural or agricultural real estate,
            ``(B) made to a person other than a specified foreign 
        entity (as defined in section 7701(a)(51)), and
            ``(C) made after the date of the enactment of this section.
    For purposes of the preceding sentence, the determination of 
    whether property securing such loan is rural or agricultural real 
    estate shall be made as of the time the interest income on such 
    loan is accrued.
        ``(2) Refinancings.--For purposes of subparagraphs (A) and (C) 
    of paragraph (1), a loan shall not be treated as made after the 
    date of the enactment of this section to the extent that the 
    proceeds of such loan are used to refinance a loan which was made 
    on or before the date of the enactment of this section (or, in the 
    case of any series of refinancings, the original loan was made on 
    or before such date).
        ``(3) Rural or agricultural real estate.--The term `rural or 
    agricultural real estate' means--
            ``(A) any real property which is substantially used for the 
        production of one or more agricultural products,
            ``(B) any real property which is substantially used in the 
        trade or business of fishing or seafood processing, and
            ``(C) any aquaculture facility.
    Such term shall not include any property which is not located in a 
    State or a possession of the United States.
        ``(4) Aquaculture facility.--The term `aquaculture facility' 
    means any land, structure, or other appurtenance that is used for 
    aquaculture (including any hatchery, rearing pond, raceway, pen, or 
    incubator).
    ``(d) Coordination With Section 265.--In the case of any qualified 
real estate loan, section 265 shall be applied--
        ``(1) by treating any qualified real estate loan for purposes 
    of subsection (a)(2) thereof as an obligation the interest on which 
    is wholly exempt from the taxes imposed by this subtitle,
        ``(2) by substituting `25 percent of the interest on 
    indebtedness' for `Interest on indebtedness' in such subsection 
    (a)(2),
        ``(3) by treating 25 percent of the adjusted basis of any 
    qualified real estate loan as adjusted basis of a tax-exempt 
    obligation described in subsection (b)(4)(B) thereof, and
        ``(4) by substituting `25 percent of the amount of such 
    indebtedness' for `the amount of such indebtedness' in subsection 
    (b)(6)(A)(a)(ii) thereof.''.
    (b) Clerical Amendment.--The table of sections for part III of 
subchapter B of chapter 1, as amended by the preceding provisions of 
this Act, is amended by inserting after the item relating to section 
139K the following new item:
``Sec. 139L. Interest on loans secured by rural or agricultural real 
          property.''.

    (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. 70436. REDUCTION OF TRANSFER AND MANUFACTURING TAXES FOR CERTAIN 
DEVICES.
    (a) Transfer Tax.--Section 5811(a) is amended to read as follows:
    ``(a) Rate.--There shall be levied, collected, and paid on firearms 
transferred a tax at the rate of--
        ``(1) $200 for each firearm transferred in the case of a 
    machinegun or a destructive device, and
        ``(2) $0 for any firearm transferred which is not described in 
    paragraph (1).''.
    (b) Making Tax.--Section 5821(a) is amended to read as follows:
    ``(a) Rate.--There shall be levied, collected, and paid upon the 
making of a firearm a tax at the rate of--
        ``(1) $200 for each firearm made in the case of a machinegun or 
    a destructive device, and
        ``(2) $0 for any firearm made which is not described in 
    paragraph (1).''.
    (c) Conforming Amendment.--Section 4182(a) is amended by adding at 
the end the following: ``For purposes of the preceding sentence, any 
firearm described in section 5811(a)(2) shall be deemed to be a firearm 
on which the tax provided by section 5811 has been paid.''
    (d) Effective Date.--The amendments made by this section shall 
apply to calendar quarters beginning more than 90 days after the date 
of the enactment of this Act.
SEC. 70437. TREATMENT OF CAPITAL GAINS FROM THE SALE OF CERTAIN 
FARMLAND PROPERTY.
    (a) In General.--Part IV of subchapter O of chapter 1 is amended by 
redesignating section 1062 as section 1063 and by inserting after 
section 1061 the following new section:
``SEC. 1062. GAIN FROM THE SALE OR EXCHANGE OF QUALIFIED FARMLAND 
PROPERTY TO QUALIFIED FARMERS.
    ``(a) Election to Pay Tax in Installments.--In the case of gain 
from the sale or exchange of qualified farmland property to a qualified 
farmer, at the election of the taxpayer, the portion of the net income 
tax of such taxpayer for the taxable year of the sale or exchange which 
is equal to the applicable net tax liability shall be paid in 4 equal 
installments.
    ``(b) Rules Relating to Installment Payments.--
        ``(1) Date for payment of installments.--If an election is made 
    under subsection (a), the first installment shall be paid on the 
    due date (determined without regard to any extension of time for 
    filing the return) for the return of tax for the taxable year in 
    which the sale or exchange occurs and each succeeding installment 
    shall be paid on the due date (as so determined) for the return of 
    tax for the taxable year following the taxable year with respect to 
    which the preceding installment was made.
        ``(2) Acceleration of payment.--
            ``(A) In general.--If there is an addition to tax for 
        failure to timely pay any installment required under this 
        section, then the unpaid portion of all remaining installments 
        shall be due on the date of such failure.
            ``(B) Individuals.--In the case of an individual, if the 
        individual dies, then the unpaid portion of all remaining 
        installment shall be paid on the due date for the return of tax 
        for the taxable year in which the taxpayer dies.
            ``(C) C corporations.--In the case of a taxpayer which is a 
        C corporation, trust, or estate, if there is a liquidation or 
        sale of substantially all the assets of the taxpayer (including 
        in a title 11 or similar case), a cessation of business by the 
        taxpayer (in the case of a C corporation), or any similar 
        circumstance, then the unpaid portion of all remaining 
        installments shall be due on the date of such event (or in the 
        case of a title 11 or similar case, the day before the petition 
        is filed). The preceding sentence shall not apply to the sale 
        of substantially all the assets of a taxpayer to a buyer if 
        such buyer enters into an agreement with the Secretary under 
        which such buyer is liable for the remaining installments due 
        under this subsection in the same manner as if such buyer were 
        the taxpayer.
        ``(3) Proration of deficiency to installments.--If an election 
    is made under subsection (a) to pay the applicable net tax 
    liability in installments and a deficiency has been assessed with 
    respect to such applicable net tax liability, the deficiency shall 
    be prorated to the installments payable under subsection (a). The 
    part of the deficiency so prorated to any installment the date for 
    payment of which has not arrived shall be collected at the same 
    time as, and as a part of, such installment. The part of the 
    deficiency so prorated to any installment the date for payment of 
    which has arrived shall be paid upon notice and demand from the 
    Secretary. This section shall not apply if the deficiency is due to 
    negligence, to intentional disregard of rules and regulations, or 
    to fraud with intent to evade tax.
    ``(c) Election.--
        ``(1) In general.--Any election under subsection (a) shall be 
    made not later than the due date for the return of tax for the 
    taxable year described in subsection (a).
        ``(2) Partnerships and s corporations.--In the case of a sale 
    or exchange described in subsection (a) by a partnership or S 
    corporation, the election under subsection (a) shall be made at the 
    partner or shareholder level. The Secretary may prescribe such 
    regulations or other guidance as necessary to carry out the 
    purposes of this paragraph.
    ``(d) Definitions.--For purposes of this section--
        ``(1) Applicable net tax liability.--
            ``(A) In general.--The applicable net tax liability with 
        respect to the sale or exchange of any property described in 
        subsection (a) is the excess (if any) of--
                ``(i) such taxpayer's net income tax for the taxable 
            year, over
                ``(ii) such taxpayer's net income tax for such taxable 
            year determined without regard to any gain recognized from 
            the sale or exchange of such property.
            ``(B) Net income tax.--The term `net income tax' means the 
        regular tax liability reduced by the credits allowed under 
        subparts A, B, and D of part IV of subchapter A.
        ``(2) Qualified farmland property.--
            ``(A) In general.--The term `qualified farmland property' 
        means real property located in the United States--
                ``(i) which--

                    ``(I) has been used by the taxpayer as a farm for 
                farming purposes, or
                    ``(II) leased by the taxpayer to a qualified farmer 
                for farming purposes,

            during substantially all of the 10-year period ending on 
            the date of the qualified sale or exchange, and
                ``(ii) which is subject to a covenant or other legally 
            enforceable restriction which prohibits the use of such 
            property other than as a farm for farming purposes for any 
            period before the date that is 10 years after the date of 
            the sale or exchange described in subsection (a).
        For purposes of clause (i), property which is used or leased by 
        a partnership or S corporation in a manner described in such 
        clause shall be treated as used or leased in such manner by 
        each person who holds a direct or indirect interest in such 
        partnership or S corporation.
            ``(B) Farm; farming purposes.--The terms `farm' and 
        `farming purposes' have the respective meanings given such 
        terms under section 2032A(e).
        ``(3) Qualified farmer.--The term `qualified farmer' means any 
    individual who is actively engaged in farming (within the meaning 
    of subsections (b) and (c) of section 1001 of the Food Security Act 
    of 1986 (7 U.S.C. 1308-1(b) and (c))).
    ``(e) Return Requirement.--A taxpayer making an election under 
subsection (a) shall include with the return for the taxable year of 
the sale or exchange described in subsection (a) a copy of the covenant 
or other legally enforceable restriction described in subsection 
(d)(2)(A)(ii).''.
    (b) Clerical Amendment.--The table of sections for part IV of 
subchapter O of chapter 1 is amended by redesignating the item relating 
to section 1062 as relating to section 1063 and by inserting after the 
item relating to section 1061 the following new item:
``Sec. 1062. Gain from the sale or exchange of qualified farmland 
          property to qualified farmers.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to sales or exchanges in taxable years beginning after the date 
of the enactment of this Act.
SEC. 70438. EXTENSION OF RULES FOR TREATMENT OF CERTAIN DISASTER-
RELATED PERSONAL CASUALTY LOSSES.
    For purposes of applying section 304(b) of the Taxpayer Certainty 
and Disaster Tax Relief Act of 2020 (division EE of Public Law 116-
260), section 301 of such Act shall be applied by substituting the date 
of the enactment of this section for ``the date of the enactment of 
this Act'' each place it appears.
SEC. 70439. RESTORATION OF TAXABLE REIT SUBSIDIARY ASSET TEST.
    (a) In General.--Section 856(c)(4)(B)(ii) is amended by striking 
``20 percent'' and inserting ``25 percent''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.

  CHAPTER 5--ENDING GREEN NEW DEAL SPENDING, PROMOTING AMERICA-FIRST 
                       ENERGY, AND OTHER REFORMS

         Subchapter A--Termination of Green New Deal Subsidies

SEC. 70501. TERMINATION OF PREVIOUSLY-OWNED CLEAN VEHICLE CREDIT.
    Section 25E(g) is amended by striking ``December 31, 2032'' and 
inserting ``September 30, 2025''.
SEC. 70502. TERMINATION OF CLEAN VEHICLE CREDIT.
    (a) In General.--Section 30D(h) is amended by striking ``placed in 
service after December 31, 2032'' and inserting ``acquired after 
September 30, 2025''.
    (b) Conforming Amendments.--Section 30D(e) is amended--
        (1) in paragraph (1)(B)--
            (A) in clause (iii), by inserting ``and'' after the comma 
        at the end,
            (B) in clause (iv), by striking ``, and'' and inserting a 
        period, and
            (C) by striking clause (v), and
        (2) in paragraph (2)(B)--
            (A) in clause (ii), by inserting ``and'' after the comma at 
        the end,
            (B) in clause (iii), by striking the comma at the end and 
        inserting a period, and
            (C) by striking clauses (iv) through (vi).
SEC. 70503. TERMINATION OF QUALIFIED COMMERCIAL CLEAN VEHICLES CREDIT.
    Section 45W(g) is amended by striking ``December 31, 2032'' and 
inserting ``September 30, 2025''.
SEC. 70504. TERMINATION OF ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY 
CREDIT.
    Section 30C(i) is amended by striking ``December 31, 2032'' and 
inserting ``June 30, 2026''.
SEC. 70505. TERMINATION OF ENERGY EFFICIENT HOME IMPROVEMENT CREDIT.
    (a) In General.--Section 25C(h) is amended by striking ``placed in 
service'' and all that follows through ``December 31, 2032'' and 
inserting ``placed in service after December 31, 2025''.
    (b) Conforming Amendment.--Section 25C(d)(2)(C) is amended to read 
as follows:
            ``(C) Any oil furnace or hot water boiler which--
                ``(i) meets or exceeds 2021 Energy Star efficiency 
            criteria, and
                ``(ii) is rated by the manufacturer for use with fuel 
            blends at least 20 percent of the volume of which consists 
            of an eligible fuel.''.
SEC. 70506. TERMINATION OF RESIDENTIAL CLEAN ENERGY CREDIT.
    (a) In General.--Section 25D(h) is amended by striking ``to 
property placed in service after December 31, 2034'' and inserting 
``with respect to any expenditures made after December 31, 2025''.
    (b) Conforming Amendments.--Section 25D(g) is amended--
        (1) in paragraph (2), by inserting ``and'' after the comma at 
    the end,
        (2) in paragraph (3), by striking `` and before January 1, 
    2033, 30 percent,'' and inserting ``30 percent.'', and
        (3) by striking paragraphs (4) and (5).
SEC. 70507. TERMINATION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS 
DEDUCTION.
    Section 179D is amended by adding at the end the following new 
subsection:
    ``(i) Termination.--This section shall not apply with respect to 
property the construction of which begins after June 30, 2026.''.
SEC. 70508. TERMINATION OF NEW ENERGY EFFICIENT HOME CREDIT.
    Section 45L(h) is amended by striking ``December 31, 2032'' and 
inserting ``June 30, 2026''.
SEC. 70509. TERMINATION OF COST RECOVERY FOR ENERGY PROPERTY.
    (a) Energy Property.--Section 168(e)(3)(B)(vi), as amended by 
section 13703 of Public Law 117-169, is amended--
        (1) by striking subclause (I), and
        (2) by redesignating subclauses (II) and (III) as subclauses 
    (I) and (II), respectively.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to property the construction of which begins after December 31, 
2024.
SEC. 70510. MODIFICATIONS OF ZERO-EMISSION NUCLEAR POWER PRODUCTION 
CREDIT.
    (a) Restrictions Relating to Prohibited Foreign Entities.--Section 
45U(c) is amended by adding at the end the following new paragraph:
        ``(3) Restrictions relating to prohibited foreign entities.--
            ``(A) In general.--No credit shall be determined under 
        subsection (a) for any taxable year beginning after the date of 
        enactment of this paragraph if the taxpayer is a specified 
        foreign entity (as defined in section 7701(a)(51)(B)).
            ``(B) Other prohibited foreign entities.--No credit shall 
        be determined under subsection (a) for any taxable year 
        beginning after the date which is 2 years after the date of 
        enactment of this paragraph if the taxpayer is a foreign-
        influenced entity (as defined in section 7701(a)(51)(D), 
        without regard to clause (i)(II) thereof).''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of enactment of this 
Act.
SEC. 70511. TERMINATION OF CLEAN HYDROGEN PRODUCTION CREDIT.
    Section 45V(c)(3)(C) is amended by striking ``January 1, 2033'' and 
inserting ``January 1, 2028''.
SEC. 70512. TERMINATION AND RESTRICTIONS ON CLEAN ELECTRICITY 
PRODUCTION CREDIT.
    (a) Termination for Wind and Solar Facilities.--Section 45Y(d) is 
amended--
        (1) in paragraph (1), by striking ``The amount of'' and 
    inserting ``Subject to paragraph (4), the amount of'', and
        (2) by striking paragraph (3) and inserting the following new 
    paragraphs:
        ``(3) Applicable year.--For purposes of this subsection, the 
    term `applicable year' means calendar year 2032.
        ``(4) Termination for wind and solar facilities.--
            ``(A) In general.--This section shall not apply with 
        respect to any applicable facility placed in service after 
        December 31, 2027.
            ``(B) Applicable facility.--For purposes of this paragraph, 
        the term `applicable facility' means a qualified facility 
        which--
                ``(i) uses wind to produce electricity (within the 
            meaning of such term as used in section 45(d)(1), as 
            determined without regard to any requirement under such 
            section with respect to the date on which construction of 
            property begins), or
                ``(ii) uses solar energy to produce electricity (within 
            the meaning of such term as used in section 45(d)(4), as 
            determined without regard to any requirement under such 
            section with respect to the date on which construction of 
            property begins).''.
    (b) Restrictions Relating to Prohibited Foreign Entities.--Section 
45Y is amended--
        (1) in subsection (b)(1), by adding at the end the following 
    new subparagraph:
            ``(E) Material assistance from prohibited foreign 
        entities.--The term `qualified facility' shall not include any 
        facility for which construction begins after December 31, 2025, 
        if the construction of such facility includes any material 
        assistance from a prohibited foreign entity (as defined in 
        section 7701(a)(52)).'', and
        (2) in subsection (g), by adding at the end the following new 
    paragraph:
        ``(13) Restrictions relating to prohibited foreign entities.--
            ``(A) In general.--No credit shall be determined under 
        subsection (a) for any taxable year if the taxpayer is--
                ``(i) a specified foreign entity (as defined in section 
            7701(a)(51)(B)), or
                ``(ii) a foreign-influenced entity (as defined in 
            section 7701(a)(51)(D), without regard to clause (i)(II) 
            thereof).
            ``(B) Effective control.--In the case of a taxpayer for 
        which section 7701(a)(51)(D)(i)(II) is determined to apply for 
        any taxable year, no credit shall be determined under 
        subsection (a) for such taxable year if such determination 
        relates to a qualified facility described in subsection 
        (b)(1).''.
    (c) Definitions Relating to Prohibited Foreign Entities.--Section 
7701(a) is amended by adding at the end the following new paragraphs:
        ``(51) Prohibited foreign entity.--
            ``(A) In general.--
                ``(i) Definition.--The term `prohibited foreign entity' 
            means a specified foreign entity or a foreign-influenced 
            entity.
                ``(ii) Determination.--

                    ``(I) In general.--Subject to subclause (II), for 
                any taxable year, the determination as to whether an 
                entity is a specified foreign entity or foreign-
                influenced entity shall be made as of the last day of 
                such taxable year.
                    ``(II) Initial taxable year.--For purposes of the 
                first taxable year beginning after the date of 
                enactment of this paragraph, the determination as to 
                whether an entity is a specified foreign entity 
                described in clauses (i) through (iv) of subparagraph 
                (B) shall be made as of the first day of such taxable 
                year.

            ``(B) Specified foreign entity.--For purposes of this 
        paragraph, the term `specified foreign entity' means--
                ``(i) a foreign entity of concern described in 
            subparagraph (A), (B), (D), or (E) of section 9901(8) of 
            the William M. (Mac) Thornberry National Defense 
            Authorization Act for Fiscal Year 2021 (Public Law 116-283; 
            15 U.S.C. 4651),
                ``(ii) an entity identified as a Chinese military 
            company operating in the United States in accordance with 
            section 1260H of the William M. (Mac) Thornberry National 
            Defense Authorization Act for Fiscal Year 2021 (Public Law 
            116-283; 10 U.S.C. 113 note),
                ``(iii) an entity included on a list required by clause 
            (i), (ii), (iv), or (v) of section 2(d)(2)(B) of Public Law 
            117-78 (135 Stat. 1527),
                ``(iv) an entity specified under section 154(b) of the 
            National Defense Authorization Act for Fiscal Year 2024 
            (Public Law 118-31; 10 U.S.C. note prec. 4651), or
                ``(v) a foreign-controlled entity.
            ``(C) Foreign-controlled entity.--For purposes of 
        subparagraph (B), the term `foreign-controlled entity' means--
                ``(i) the government (including any level of government 
            below the national level) of a covered nation,
                ``(ii) an agency or instrumentality of a government 
            described in clause (i),
                ``(iii) a person who is a citizen or national of a 
            covered nation, provided that such person is not an 
            individual who is a citizen, national, or lawful permanent 
            resident of the United States,
                ``(iv) an entity or a qualified business unit (as 
            defined in section 989(a)) incorporated or organized under 
            the laws of, or having its principal place of business in, 
            a covered nation, or
                ``(v) an entity (including subsidiary entities) 
            controlled (as determined under subparagraph (G)) by an 
            entity described in clause (i), (ii), (iii), or (iv).
            ``(D) Foreign-influenced entity.--
                ``(i) In general.--For purposes of subparagraph (A), 
            the term `foreign-influenced entity' means an entity--

                    ``(I) with respect to which, during the taxable 
                year--

                        ``(aa) a specified foreign entity has the 
                    direct authority to appoint a covered officer of 
                    such entity,
                        ``(bb) a single specified foreign entity owns 
                    at least 25 percent of such entity,
                        ``(cc) one or more specified foreign entities 
                    own in the aggregate at least 40 percent of such 
                    entity, or
                        ``(dd) at least 15 percent of the debt of such 
                    entity has been issued, in the aggregate, to 1 or 
                    more specified foreign entities, or

                    ``(II) which, during the previous taxable year, 
                made a payment to a specified foreign entity pursuant 
                to a contract, agreement, or other arrangement which 
                entitles such specified foreign entity (or an entity 
                related to such specified foreign entity) to exercise 
                effective control over--

                        ``(aa) any qualified facility or energy storage 
                    technology of the taxpayer (or any person related 
                    to the taxpayer), or
                        ``(bb) with respect to any eligible component 
                    produced by the taxpayer (or any person related to 
                    the taxpayer)--
                            ``(AA) the extraction, processing, or 
                        recycling of any applicable critical mineral, 
                        or
                            ``(BB) the production of an eligible 
                        component which is not an applicable critical 
                        mineral.
                ``(ii) Effective control.--

                    ``(I) In general.--

                        ``(aa) General rule.--Subject to subclause 
                    (II), for purposes of clause (i)(II), the term 
                    `effective control' means 1 or more agreements or 
                    arrangements similar to those described in 
                    subclauses (II) and (III) which provide 1 or more 
                    contractual counterparties of a taxpayer with 
                    specific authority over key aspects of the 
                    production of eligible components, energy 
                    generation in a qualified facility, or energy 
                    storage which are not included in the measures of 
                    control through authority, ownership, or debt held 
                    which are described in clause (i)(I).
                        ``(bb) Guidance.--The Secretary shall issue 
                    such guidance as is necessary to carry out the 
                    purposes of this clause, including the 
                    establishment of rules to prevent entities from 
                    evading, circumventing, or abusing the application 
                    of the restrictions described subparagraph (C) and 
                    subclauses (II) and (III) of this clause through a 
                    contract, agreement, or other arrangement.

                    ``(II) Application of rules prior to issuance of 
                guidance.--During any period prior to the date that the 
                guidance described in subclause (I)(bb) is issued by 
                the Secretary, for purposes of clause (i)(II), the term 
                `effective control' means the unrestricted contractual 
                right of a contractual counterparty to--

                        ``(aa) determine the quantity or timing of 
                    production of an eligible component produced by the 
                    taxpayer,
                        ``(bb) determine the amount or timing of 
                    activities related to the production of electricity 
                    undertaken at a qualified facility of the taxpayer 
                    or the storage of electrical energy in energy 
                    storage technology of the taxpayer,
                        ``(cc) determine which entity may purchase or 
                    use the output of a production unit of the taxpayer 
                    that produces eligible components,
                        ``(dd) determine which entity may purchase or 
                    use the output of a qualified facility of the 
                    taxpayer,
                        ``(ee) restrict access to data critical to 
                    production or storage of energy undertaken at a 
                    qualified facility of the taxpayer, or to the site 
                    of production or any part of a qualified facility 
                    or energy storage technology of the taxpayer, to 
                    the personnel or agents of such contractual 
                    counterparty, or
                        ``(ff) on an exclusive basis, maintain, repair, 
                    or operate any plant or equipment which is 
                    necessary to the production by the taxpayer of 
                    eligible components or electricity.

                    ``(III) Licensing and other agreements.--

                        ``(aa) In general.--In addition to subclause 
                    (II), for purposes of clause (i)(II), the term 
                    `effective control' means, with respect to a 
                    licensing agreement for the provision of 
                    intellectual property (or any other contract, 
                    agreement or other arrangement entered into with a 
                    contractual counterparty related to such licensing 
                    agreement) with respect to a qualified facility, 
                    energy storage technology, or the production of an 
                    eligible component, any of the following:
                            ``(AA) A contractual right retained by the 
                        contractual counterparty to specify or 
                        otherwise direct 1 or more sources of 
                        components, subcomponents, or applicable 
                        critical minerals utilized in a qualified 
                        facility, energy storage technology, or in the 
                        production of an eligible component.
                            ``(BB) A contractual right retained by the 
                        contractual counterparty to direct the 
                        operation of any qualified facility, any energy 
                        storage technology, or any production unit that 
                        produces an eligible component.
                            ``(CC) A contractual right retained by the 
                        contractual counterparty to limit the 
                        taxpayer's utilization of intellectual property 
                        related to the operation of a qualified 
                        facility or energy storage technology, or in 
                        the production of an eligible component.
                            ``(DD) A contractual right retained by the 
                        contractual counterparty to receive royalties 
                        under the licensing agreement or any similar 
                        agreement (or payments under any related 
                        agreement) beyond the 10th year of the 
                        agreement (including modifications or 
                        extensions thereof).
                            ``(EE) A contractual right retained by the 
                        contractual counterparty to direct or otherwise 
                        require the taxpayer to enter into an agreement 
                        for the provision of services for a duration 
                        longer than 2 years (including any 
                        modifications or extensions thereof).
                            ``(FF) Such contract, agreement, or other 
                        arrangement does not provide the licensee with 
                        all the technical data, information, and know-
                        how necessary to enable the licensee to produce 
                        the eligible component or components subject to 
                        the contract, agreement, or other arrangement 
                        without further involvement from the 
                        contractual counterparty or a specified foreign 
                        entity.
                            ``(GG) Such contract, agreement, or other 
                        arrangement was entered into (or modified) on 
                        or after the date of enactment of this 
                        paragraph.
                        ``(bb) Exception.--
                            ``(AA) In general.--Item (aa) shall not 
                        apply in the case of a bona fide purchase or 
                        sale of intellectual property.
                            ``(BB) Bona fide purchase or sale.--For 
                        purposes of item (aa), any purchase or sale of 
                        intellectual property where the agreement 
                        provides that ownership of the intellectual 
                        property reverts to the contractual 
                        counterparty after a period of time shall not 
                        be considered a bona-fide purchase or sale.

                    ``(IV) Persons related to the taxpayer.--For 
                purposes of subclauses (I), (II), and (III), the term 
                `taxpayer' shall include any person related to the 
                taxpayer.
                    ``(V) Contractual counterparty.--For purposes of 
                this clause, the term `contractual counterparty' means 
                an entity with which the taxpayer has entered into a 
                contract, agreement, or other arrangement.

                ``(iii) Guidance.--Not later than December 31, 2026, 
            the Secretary shall issue such guidance as is necessary to 
            carry out the purposes of this subparagraph, including 
            establishment of rules to prevent entities from evading, 
            circumventing, or abusing the application of the 
            restrictions against impermissible technology licensing 
            arrangements with specified foreign entities, such as 
            through temporary transfers of intellectual property, 
            retention by a specified foreign entity of a reversionary 
            interest in transferred intellectual property, or 
            otherwise.
            ``(E) Publicly traded entities.--
                ``(i) In general.--

                    ``(I) Nonapplication of certain foreign-controlled 
                entity rules.--Subparagraph (C)(v) shall not apply in 
                the case of any entity the securities of which are 
                regularly traded on--

                        ``(aa) a national securities exchange which is 
                    registered with the Securities and Exchange 
                    Commission,
                        ``(bb) the national market system established 
                    pursuant to section 11A of the Securities and 
                    Exchange Act of 1934, or
                        ``(cc) any other exchange or other market which 
                    the Secretary has determined in guidance issued 
                    under section 1296(e)(1)(A)(ii) has rules adequate 
                    to carry out the purposes of part VI of subchapter 
                    P of chapter 1 of subtitle A.

                    ``(II) Nonapplication of certain foreign-influenced 
                entity rules.--Subparagraph (D)(i)(I) shall not apply 
                in the case of any entity--

                        ``(aa) the securities of which are regularly 
                    traded in a manner described in subclause (I), or
                        ``(bb) for which not less than 80 percent of 
                    the equity securities of such entity are owned 
                    directly or indirectly by an entity which is 
                    described in item (aa).

                    ``(III) Exclusion of exchanges or markets in 
                covered nations.--Subclause (I)(cc) shall not apply 
                with respect to any exchange or market which--

                        ``(aa) is incorporated or organized under the 
                    laws of a covered nation, or
                        ``(bb) has its principal place of business in a 
                    covered nation.
                ``(ii) Additional foreign-controlled entity 
            requirements for publicly traded companies.--In the case of 
            an entity described in clause (i)(I), such entity shall be 
            deemed to be a foreign-controlled entity under subparagraph 
            (C)(v) if such entity is controlled (as determined under 
            subparagraph (G)) by--

                    ``(I) 1 or more specified foreign entities (as 
                determined without regard to subparagraph (B)(v)) that 
                are each required to report their beneficial ownership 
                pursuant to a rule described in clause (iii)(I)(bb), or
                    ``(II) 1 or more foreign-controlled entities (as 
                determined without regard to subparagraph (C)(v)) that 
                are each required to report their beneficial ownership 
                pursuant to a rule described in such clause.

                ``(iii) Additional foreign-influenced entity 
            requirements for publicly traded companies.--In the case of 
            an entity described in clause (i)(II), such entity shall be 
            deemed to be a foreign-influenced entity under subparagraph 
            (D)(i)(I) if--

                    ``(I) during the taxable year--

                        ``(aa) a specified foreign entity has the 
                    authority to appoint a covered officer of such 
                    entity,
                        ``(bb) a single specified foreign entity 
                    required to report its beneficial ownership under 
                    Rule 13d-3 of the Securities and Exchange Act of 
                    1934 (or, in the case of an exchange or market 
                    described in clause (i)(I)(cc), an equivalent rule) 
                    owns not less than 25 percent of such entity, or
                        ``(cc) 1 or more specified foreign entities 
                    that are each required to report their beneficial 
                    ownership under Rule 13d-3 of the Securities and 
                    Exchange Act of 1934 own, in the aggregate, not 
                    less than 40 percent of such entity, or

                    ``(II) such entity has issued debt, as part of an 
                original issuance, in excess of 15 percent of its 
                publicly-traded debt to 1 or more specified foreign 
                entities.

            ``(F) Covered officer.--For purposes of this paragraph, the 
        term `covered officer' means, with respect to an entity--
                ``(i) a member of the board of directors, board of 
            supervisors, or equivalent governing body,
                ``(ii) an executive-level officer, including the 
            president, chief executive officer, chief operating 
            officer, chief financial officer, general counsel, or 
            senior vice president, or
                ``(iii) an individual having powers or responsibilities 
            similar to those of officers or members described in clause 
            (i) or (ii).
            ``(G) Determination of control.--For purposes of 
        subparagraph (C)(v), the term `control' means--
                ``(i) in the case of a corporation, ownership (by vote 
            or value) of more than 50 percent of the stock in such 
            corporation,
                ``(ii) in the case of a partnership, ownership of more 
            than 50 percent of the profits interests or capital 
            interests in such partnership, or
                ``(iii) in any other case, ownership of more than 50 
            percent of the beneficial interests in the entity.
            ``(H) Determination of ownership.--For purposes of this 
        paragraph, section 318(a)(2) shall apply for purposes of 
        determining ownership of stock in a corporation. Similar 
        principles shall apply for purposes of determining ownership of 
        interests in any other entity.
            ``(I) Other definitions.--For purposes of this paragraph--
                ``(i) Applicable critical mineral.--The term 
            `applicable critical mineral' has the same meaning given 
            such term under section 45X(c)(6).
                ``(ii) Covered nation.--The term `covered nation' has 
            the same meaning given such term under section 4872(f)(2) 
            of title 10, United States Code.
                ``(iii) Eligible component.--The term `eligible 
            component' has the same meaning given such term under 
            section 45X(c)(1).
                ``(iv) Energy storage technology.--The term `energy 
            storage technology' has the same meaning given such term 
            under section 48E(c)(2).
                ``(v) Qualified facility.--The term `qualified 
            facility' means--

                    ``(I) a qualified facility, as defined in section 
                45Y(b)(1), and
                    ``(II) a qualified facility, as defined in section 
                48E(b)(3).

                ``(vi) Related.--The term `related' shall have the same 
            meaning given such term under sections 267(b) and 707(b).
            ``(J) Beginning of construction.--For purposes of applying 
        any provision under this paragraph, the beginning of 
        construction with respect to any property shall be determined 
        pursuant to rules similar to the rules under Internal Revenue 
        Service Notice 2013-29 and Internal Revenue Service Notice 
        2018-59 (as well as any subsequently issued guidance 
        clarifying, modifying, or updating either such Notice), as in 
        effect on January 1, 2025.
            ``(K) Regulations and guidance.--The Secretary may 
        prescribe such regulations and guidance as may be necessary or 
        appropriate to carry out the provisions of this paragraph, 
        including rules to prevent the circumvention of any rules or 
        restrictions with respect to prohibited foreign entities.
        ``(52) Material assistance from a prohibited foreign entity.--
            ``(A) In general.--The term `material assistance from a 
        prohibited foreign entity' means--
                ``(i) with respect to any qualified facility or energy 
            storage technology, a material assistance cost ratio which 
            is less than the threshold percentage applicable under 
            subparagraph (B), or
                ``(ii) with respect to any facility which produces 
            eligible components, a material assistance cost ratio which 
            is less than the threshold percentage applicable under 
            subparagraph (C).
            ``(B) Threshold percentage for qualified facilities and 
        energy storage technology.--For purposes of subparagraph 
        (A)(i), the threshold percentage shall be--
                ``(i) in the case of a qualified facility the 
            construction of which begins--

                    ``(I) during calendar year 2026, 40 percent,
                    ``(II) during calendar year 2027, 45 percent,
                    ``(III) during calendar year 2028, 50 percent,
                    ``(IV) during calendar year 2029, 55 percent, and
                    ``(V) after December 31, 2029, 60 percent, and

                ``(ii) in the case of energy storage technology the 
            construction of which begins--

                    ``(I) during calendar year 2026, 55 percent,
                    ``(II) during calendar year 2027, 60 percent,
                    ``(III) during calendar year 2028, 65 percent,
                    ``(IV) during calendar year 2029, 70 percent, and
                    ``(V) after December 31, 2029, 75 percent.

            ``(C) Threshold percentage for eligible components.--
                ``(i) In general.--For purposes of subparagraph 
            (A)(ii), the threshold percentage shall be--

                    ``(I) in the case of any solar energy component (as 
                such term is defined in section 45X(c)(3)(A)) which is 
                sold--

                        ``(aa) during calendar year 2026, 50 percent,
                        ``(bb) during calendar year 2027, 60 percent,
                        ``(cc) during calendar year 2028, 70 percent,
                        ``(dd) during calendar year 2029, 80 percent, 
                    and
                        ``(ee) after December 31, 2029, 85 percent,

                    ``(II) in the case of any wind energy component (as 
                such term is defined in section 45X(c)(4)(A)) which is 
                sold--

                        ``(aa) during calendar year 2026, 85 percent, 
                    and
                        ``(bb) during calendar year 2027, 90 percent,

                    ``(III) in the case of any inverter described in 
                subparagraphs (B) through (G) of section 45X(c)(2) 
                which is sold--

                        ``(aa) during calendar year 2026, 50 percent,
                        ``(bb) during calendar year 2027, 55 percent,
                        ``(cc) during calendar year 2028, 60 percent,
                        ``(dd) during calendar year 2029, 65 percent, 
                    and
                        ``(ee) after December 31, 2029, 70 percent,

                    ``(IV) in the case of any qualifying battery 
                component (as such term is defined in section 
                45X(c)(5)(A)) which is sold--

                        ``(aa) during calendar year 2026, 60 percent,
                        ``(bb) during calendar year 2027, 65 percent,
                        ``(cc) during calendar year 2028, 70 percent,
                        ``(dd) during calendar year 2029, 80 percent, 
                    and
                        ``(ee) after December 31, 2029, 85 percent, and

                    ``(V) subject to clause (ii), in the case of any 
                applicable critical mineral (as such term is defined in 
                section 45X(c)(6)) which is sold--

                        ``(aa) after December 31, 2025, and before 
                    January 1, 2030, 0 percent,
                        ``(bb) during calendar year 2030, 25 percent,
                        ``(cc) during calendar year 2031, 30 percent,
                        ``(dd) during calendar year 2032, 40 percent, 
                    and
                        ``(ee) after December 31, 2032, 50 percent.
                ``(ii) Adjusted threshold percentage for applicable 
            critical minerals.--Not later than December 31, 2027, the 
            Secretary shall issue threshold percentages for each of the 
            applicable critical minerals described in section 
            45X(c)(6)), which shall--

                    ``(I) apply in lieu of the threshold percentage 
                determined under clause (i)(V) for each calendar year, 
                and
                    ``(II) equal or exceed the threshold percentage 
                which would otherwise apply with respect to such 
                applicable critical mineral under such clause for such 
                calendar year, taking into account--

                        ``(aa) domestic geographic availability,
                        ``(bb) supply chain constraints,
                        ``(cc) domestic processing capacity needs, and
                        ``(dd) national security concerns.
            ``(D) Material assistance cost ratio.--
                ``(i) Qualified facilities and energy storage 
            technology.--For purposes of subparagraph (A)(i), the term 
            `material assistance cost ratio' means the amount 
            (expressed as a percentage) equal to the quotient of--

                    ``(I) an amount equal to--

                        ``(aa) the total direct costs to the taxpayer 
                    attributable to all manufactured products 
                    (including components) which are incorporated into 
                    the qualified facility or energy storage technology 
                    upon completion of construction, minus
                        ``(bb) the total direct costs to the taxpayer 
                    attributable to all manufactured products 
                    (including components) which are--
                            ``(AA) incorporated into the qualified 
                        facility or energy storage technology upon 
                        completion of construction, and
                            ``(BB) mined, produced, or manufactured by 
                        a prohibited foreign entity, divided by

                    ``(II) the amount described in subclause (I)(aa).

                ``(ii) Eligible components.--For purposes of 
            subparagraph (A)(ii), the term `material assistance cost 
            ratio' means the amount (expressed as a percentage) equal 
            to the quotient of--

                    ``(I) an amount equal to--

                        ``(aa) with respect to an eligible component, 
                    the total direct material costs that are paid or 
                    incurred (within the meaning of section 461 and any 
                    regulations issued under section 263A) by the 
                    taxpayer for production of such eligible component, 
                    minus
                        ``(bb) with respect to an eligible component, 
                    the total direct material costs that are paid or 
                    incurred (within the meaning of section 461 and any 
                    regulations issued under section 263A) by the 
                    taxpayer for production of such eligible component 
                    that are mined, produced, or manufactured by a 
                    prohibited foreign entity, divided by

                    ``(II) the amount described in subclause (I)(aa).

                ``(iii) Safe harbor tables.--

                    ``(I) In general.--Not later than December 31, 
                2026, the Secretary shall issue safe harbor tables (and 
                such other guidance as deemed necessary) to--

                        ``(aa) identify the percentage of total direct 
                    costs of any manufactured product which is 
                    attributable to a prohibited foreign entity,
                        ``(bb) identify the percentage of total direct 
                    material costs of any eligible component which is 
                    attributable to a prohibited foreign entity, and
                        ``(cc) provide all rules necessary to determine 
                    the amount of a taxpayer's material assistance from 
                    a prohibited foreign entity within the meaning of 
                    this paragraph.

                    ``(II) Safe harbors prior to issuance.--For 
                purposes of this paragraph, prior to the date on which 
                the Secretary issues the safe harbor tables described 
                in subclause (I), and for construction of a qualified 
                facility or energy storage technology which begins on 
                or before the date which is 60 days after the date of 
                issuance of such tables, a taxpayer may--

                        ``(aa) use the tables included in Internal 
                    Revenue Service Notice 2025-08 to establish the 
                    percentage of the total direct costs of any listed 
                    eligible component and any manufactured product, 
                    and
                        ``(bb) rely on a certification by the supplier 
                    of the manufactured product, eligible component, or 
                    constituent element, material, or subcomponent of 
                    an eligible component--
                            ``(AA) of the total direct costs or the 
                        total direct material costs, as applicable, of 
                        such product or component that was not produced 
                        or manufactured by a prohibited foreign entity, 
                        or
                            ``(BB) that such product or component was 
                        not produced or manufactured by a prohibited 
                        foreign entity.

                    ``(III) Exception.--Notwithstanding subclauses (I) 
                and (II)--

                        ``(aa) if the taxpayer knows (or has reason to 
                    know) that a manufactured product or eligible 
                    component was produced or manufactured by a 
                    prohibited foreign entity, the taxpayer shall treat 
                    all direct costs with respect to such manufactured 
                    product, or all direct material costs with respect 
                    to such eligible component, as attributable to a 
                    prohibited foreign entity, and
                        ``(bb) if the taxpayer knows (or has reason to 
                    know) that the certification referred to in 
                    subclause (II)(bb) pertaining to a manufactured 
                    product or eligible component is inaccurate, the 
                    taxpayer may not rely on such certification.

                    ``(IV) Certification requirement.--In a manner 
                consistent with Treasury Regulation section 1.45X-
                4(c)(4)(i) (as in effect on the date of enactment of 
                this paragraph), the certification referred to in 
                subclause (II)(bb) shall--

                        ``(aa) include--
                            ``(AA) the supplier's employer 
                        identification number, or
                            ``(BB) any such similar identification 
                        number issued by a foreign government,
                        ``(bb) be signed under penalties of perjury,
                        ``(cc) be retained by the supplier and the 
                    taxpayer for a period of not less than 6 years and 
                    shall be provided to the Secretary upon request, 
                    and
                        ``(dd) be from the supplier from which the 
                    taxpayer purchased any manufactured product, 
                    eligible component, or constituent elements, 
                    materials, or subcomponents of an eligible 
                    component, stating--
                            ``(AA) that such property was not produced 
                        or manufactured by a prohibited foreign entity 
                        and that the supplier does not know (or have 
                        reason to know) that any prior supplier in the 
                        chain of production of that property is a 
                        prohibited foreign entity,
                            ``(BB) for purposes of section 45X, the 
                        total direct material costs for each component, 
                        constituent element, material, or subcomponent 
                        that were not produced or manufactured by a 
                        prohibited foreign entity, or
                            ``(CC) for purposes of section 45Y or 
                        section 48E, the total direct costs 
                        attributable to all manufactured products that 
                        were not produced or manufactured by a 
                        prohibited foreign entity.
                ``(iv) Existing contract.--Upon the election of the 
            taxpayer (in such form and manner as the Secretary shall 
            designate), in the case of any manufactured product, 
            eligible component, or constituent element, material, or 
            subcomponent of an eligible component which is--

                    ``(I) acquired by the taxpayer, or manufactured or 
                assembled by or for the taxpayer, pursuant to a binding 
                written contract which was entered into prior to June 
                16, 2025, and
                    ``(II)(aa) placed into service before January 1, 
                2030 (or, in the case of an applicable facility, as 
                defined in section 45Y(d)(4)(B), before January 1, 
                2028) in a facility the construction of which began 
                before August 1, 2025, or
                    ``(bb) in the case of a constituent element, 
                material, or subcomponent, used in a product sold 
                before January 1, 2030,

            the cost to the taxpayer with respect to such product, 
            component, element, material, or subcomponent shall not be 
            included for purposes of determining the material 
            assistance cost ratio under this subparagraph.
                ``(v) Anti-circumvention rules.--The Secretary shall 
            prescribe such regulations and guidance as may be necessary 
            or appropriate to prevent circumvention of the rules under 
            this subparagraph, including prevention of--

                    ``(I) any abuse of the exception provided under 
                clause (iv) through the stockpiling of any manufactured 
                product, eligible component, or constituent element, 
                material, or subcomponent of an eligible component 
                during any period prior to the application of the 
                requirements under this paragraph, or
                    ``(II) any evasion with respect to the requirements 
                of this subparagraph where the facts and circumstances 
                demonstrate that the beginning of construction of a 
                qualified facility or energy storage technology has not 
                in fact occurred.

            ``(E) Other definitions.--For purposes of this paragraph--
                ``(i) Eligible component.--The term `eligible 
            component' means--

                    ``(I) any property described in section 45X(c)(1), 
                or
                    ``(II) any component which is identified by the 
                Secretary pursuant to regulations or guidance issued 
                under subparagraph (G).

                ``(ii) Energy storage technology.--The term `energy 
            storage technology' has the same meaning given such term 
            under section 48E(c)(2).
                ``(iii) Manufactured product.--The term `manufactured 
            product' means--

                    ``(I) a manufactured product which is a component 
                of a qualified facility, as described in section 
                45Y(g)(11)(B) and any guidance issued thereunder, or
                    ``(II) any product which is identified by the 
                Secretary pursuant to regulations or guidance issued 
                under subparagraph (G).

                ``(iv) Qualified facility.--The term `qualified 
            facility' means--

                    ``(I) a qualified facility, as defined in section 
                45Y(b)(1),
                    ``(II) a qualified facility, as defined in section 
                48E(b)(3), and
                    ``(III) any qualified interconnection property (as 
                defined in section 48E(b)(4)) which is part of the 
                qualified investment with respect to a qualified 
                facility (as described in section 48E(b)(1)).

            ``(F) Determination of ownership; beginning of 
        construction.--Rules similar to the rules under subparagraphs 
        (H) and (J) of paragraph (51) shall apply for purposes of this 
        paragraph.
            ``(G) Regulations and guidance.--The Secretary may 
        prescribe such regulations and guidance as may be necessary or 
        appropriate to carry out the provisions of this paragraph, 
        including--
                ``(i) identification of components or products for 
            purposes of clauses (i) and (iii) of subparagraph (E), and
                ``(ii) for purposes of subparagraph (A)(ii), rules to 
            address facilities which produce more than one eligible 
            component.''.
    (d) Denial of Credit for Certain Wind and Solar Leasing 
Arrangements.--Section 45Y is amended by adding at the end the 
following new subsection:
    ``(h) Denial of Credit for Wind and Solar Leasing Arrangements.--No 
credit shall be determined under this section with respect to any 
production of electricity during the taxable year with respect to 
property described in paragraph (1) or (4) of section 25D(d) (as 
applied by substituting `lessee' for `taxpayer') if the taxpayer rents 
or leases such property to a third party during such taxable year.''.
    (e) Emissions Rates Tables.--Section 45Y(b)(2)(C) is amended by 
adding at the end the following new clause:
                ``(iii) Existing studies.--For purposes of clause (i), 
            in determining greenhouse gas emissions rates for types or 
            categories of facilities for the purpose of determining 
            whether a facility satisfies the requirements under 
            paragraph (1), the Secretary shall consider studies 
            published on or before the date of enactment of this clause 
            which demonstrate a net lifecycle greenhouse gas emissions 
            rate which is not greater than zero using widely accepted 
            lifecycle assessment concepts, such as concepts described 
            in standards developed by the International Organization 
            for Standardization.''.
    (f) Nuclear Energy Communities.--
        (1) In general.--Section 45(b)(11) is amended--
            (A) in subparagraph (B)--
                (i) in clause (ii)(II), by striking ``or'' at the end,
                (ii) in clause (iii)(II), by striking the period at the 
            end and inserting ``, or'', and
                (iii) by adding at the end the following new clause:
                ``(iv) for purposes of any qualified facility which is 
            an advanced nuclear facility, a metropolitan statistical 
            area which has (or, at any time during the period beginning 
            after December 31, 2009, had) 0.17 percent or greater 
            direct employment related to the advancement of nuclear 
            power, including employment related to--

                    ``(I) an advanced nuclear facility,
                    ``(II) advanced nuclear power research and 
                development,
                    ``(III) nuclear fuel cycle research, development, 
                or production, including mining, enrichment, 
                manufacture, storage, disposal, or recycling of nuclear 
                fuel, and
                    ``(IV) the manufacturing or assembly of components 
                used in an advanced nuclear facility.'', and

            (B) by adding at the end the following new subparagraph:
            ``(C) Advanced nuclear facilities.--
                ``(i) In general.--Subject to clause (ii), for purposes 
            of subparagraph (B)(iv), the term `advanced nuclear 
            facility' means any nuclear facility the reactor design for 
            which is approved in the manner described in section 
            45J(d)(2).
                ``(ii) Special rule.--For purposes of clause (i), a 
            facility shall be deemed to have a reactor design which is 
            approved in the manner described in section 45J(d)(2) if 
            the Nuclear Regulatory Commission has authorized 
            construction and issued a site-specific construction permit 
            or combined license with respect to such facility (without 
            regard to whether the reactor design was approved after 
            December 31, 1993).''.
        (2) Nonapplication for clean electricity investment credit.--
    Section 48E(a)(3)(A)(i) is amended by inserting ``, as applied 
    without regard to clause (iv) thereof'' after ``section 
    45(b)(11)(B)''.
    (g) Conforming Amendments.--Section 45Y(b)(1) is amended--
        (1) by redesignating subparagraph (D) as subparagraph (E), and
        (2) by inserting after subparagraph (C) the following new 
    subparagraph:
            ``(D) Determination of capacity.--For purposes of 
        subparagraph (C), additions of capacity of a facility shall be 
        determined in any reasonable manner, including based on--
                ``(i) determinations by, or reports to, the Federal 
            Energy Regulatory Commission (including interconnection 
            agreements), the Nuclear Regulatory Commission, or any 
            similar entity, reflecting additions of capacity,
                ``(ii) determinations or reports reflecting additions 
            of capacity made by an independent professional engineer,
                ``(iii) reports to, or issued by, regional transmission 
            organizations or independent system operators reflecting 
            additions of capacity, or
                ``(iv) any other method or manner provided by the 
            Secretary.''.
    (h) Prohibition on Transfer of Credits to Specified Foreign 
Entities.--Section 6418(g) is amended by adding at the end the 
following new paragraph:
        ``(5) Prohibition on transfer of credits to specified foreign 
    entities.--With respect to any eligible credit described in clause 
    (iii), (iv), (vi), (vii), (viii), or (xi) of subsection (f)(1)(A), 
    an eligible taxpayer may not elect to transfer any portion of such 
    credit to a taxpayer that is a specified foreign entity (as defined 
    in section 7701(a)(51)(B)).''.
    (i) Extension of Period of Limitations for Errors Relating to 
Determining of Material Assistance From a Prohibited Foreign Entity.--
Section 6501 is amended--
        (1) by redesignating subsection (o) as subsection (p), and
        (2) by inserting after subsection (n) the following new 
    subsection:
    ``(o) Material Assistance From a Prohibited Foreign Entity.--In the 
case of a deficiency attributable to an error with respect to the 
determination under section 7701(a)(52) for any taxable year, such 
deficiency may be assessed at any time within 6 years after the return 
for such year was filed.''.
    (j) Imposition of Accuracy-related Penalties.--
        (1) In general.--Section 6662 is amended by adding at the end 
    the following new subsection:
    ``(m) Substantial Understatement of Income Tax Due to Disallowance 
of Applicable Energy Credits.--
        ``(1) In general.--In the case of a taxpayer for which there is 
    a disallowance of an applicable energy credit for any taxable year, 
    for purposes of determining whether there is a substantial 
    understatement of income tax for such taxable year, subsection 
    (d)(1) shall be applied--
            ``(A) in subparagraphs (A) and (B), by substituting `1 
        percent' for `10 percent' each place it appears, and
            ``(B) without regard to subparagraph (C).
        ``(2) Disallowance of an applicable energy credit.--For 
    purposes of this subsection, the term `disallowance of an 
    applicable energy credit' means the disallowance of a credit under 
    section 45X, 45Y, or 48E by reason of overstating the material 
    assistance cost ratio (as determined under section 7701(a)(52)) 
    with respect to any qualified facility, energy storage technology, 
    or facility which produces eligible components.''.
        (2) Conforming amendment.--Section 6417(d)(6) is amended by 
    adding at the end the following new subparagraph:
            ``(D) Disallowance of an applicable energy credit.--In the 
        case of an applicable entity which made an election under 
        subsection (a) with respect to an applicable credit for which 
        there is a disallowance described in section 6662(m)(2), 
        subparagraph (A) shall apply with respect to any excessive 
        payment resulting from such disallowance.''.
    (k) Penalty for Substantial Misstatements on Certification Provided 
by Supplier.--
        (1) In general.--Part I of subchapter B of chapter 68 is 
    amended by inserting after section 6695A the following new section:
``SEC. 6695B. PENALTY FOR SUBSTANTIAL MISSTATEMENTS ON CERTIFICATION 
PROVIDED BY SUPPLIER.
    ``(a) Imposition of Penalty.--If--
        ``(1) a person--
            ``(A) provides a certification described in clause 
        (iii)(II)(bb) of section 7701(a)(52)(D) with respect to any 
        manufactured product, eligible component, or constituent 
        element, material, or subcomponent of an eligible component, 
        and
            ``(B) knows, or reasonably should have known, that the 
        certification would be used in connection with a determination 
        under such section,
        ``(2) such person knows, or reasonably should have known, that 
    such certification is inaccurate or false with respect to--
            ``(A) whether such property was produced or manufactured by 
        a prohibited foreign entity, or
            ``(B) the total direct costs or total direct material costs 
        of such property that was not produced or manufactured by a 
        prohibited foreign entity that were provided on such 
        certification, and
        ``(3) the inaccuracy or falsity described in paragraph (2) 
    resulted in the disallowance of an applicable energy credit (as 
    defined in section 6662(m)(2)) and an understatement of income tax 
    (within the meaning of section 6662(d)(2)) for the taxable year in 
    an amount which exceeds the lesser of--
            ``(A) 5 percent of the tax required to be shown on the 
        return for the taxable year, or
            ``(B) $100,000,
    then such person shall pay a penalty in the amount determined under 
    subsection (b).
    ``(b) Amount of Penalty.--The amount of the penalty imposed under 
subsection (a) on any person with respect to a certification shall be 
equal to the greater of--
        ``(1) 10 percent of the amount of the underpayment (as defined 
    in section 6664(a)) solely attributable to the inaccuracy or 
    falsity described in subsection (a)(2), or
        ``(2) $5,000.
    ``(c) Exception.--No penalty shall be imposed under subsection (a) 
if the person establishes to the satisfaction of the Secretary that any 
inaccuracy or falsity described in subsection (a)(2) is due to a 
reasonable cause and not willful neglect.
    ``(d) Definitions.--Any term used in this section which is also 
used in section 7701(a)(52) shall have the meaning given such term in 
such section.''.
        (2) Clerical amendments.--
            (A) Section 6696 is amended--
                (i) in the heading, by striking ``and 6695a'' and 
            inserting ``6695a, and 6695b'',
                (ii) in subsections (a), (b), and (e), by striking 
            ``and 6695A'' each place it appears and inserting ``6695A, 
            and 6695B'',
                (iii) in subsection (c), by striking ``or 6695A'' and 
            inserting ``6695A, or 6695B'', and
                (iv) in subsection (d)--

                    (I) in paragraph (1), by inserting ``(or, in the 
                case of any penalty under section 6695B, 6 years)'' 
                after ``assessed within 3 years'', and
                    (II) in paragraph (2), by inserting ``(or, in the 
                case of any claim for refund of an overpayment of any 
                penalty assessed under section 6695B, 6 years)'' after 
                ``filed within 3 years''.

            (B) The table of sections for part I of subchapter B of 
        chapter 68 is amended by inserting after item relating to 
        section 6695A the following new item:
``Sec. 6695B. Penalty for substantial misstatements on certification 
          provided by supplier.''.

    (l) Effective Dates.--
        (1) In general.--Except as provided in paragraphs (2), (3), and 
    (4), the amendments made by this section shall apply to taxable 
    years beginning after the date of enactment of this Act.
        (2) Material assistance from prohibited foreign entities.--The 
    amendments made by subsection (b)(1) shall apply to facilities for 
    which construction begins after December 31, 2025.
        (3) Penalty for substantial misstatements on certification 
    provided by supplier.--The amendments made by subsection (k) shall 
    apply to certifications provided after December 31, 2025.
        (4) Termination for wind and solar facilities.--The amendments 
    made by subsection (a) shall apply to facilities the construction 
    of which begins after the date which is 12 months after the date of 
    enactment of this Act.
SEC. 70513. TERMINATION AND RESTRICTIONS ON CLEAN ELECTRICITY 
INVESTMENT CREDIT.
    (a) Termination for Wind and Solar Facilities.--Section 48E(e) is 
amended--
        (1) in paragraph (1), by striking ``The amount of'' and 
    inserting ``Subject to paragraph (4), the amount of'', and
        (2) by adding at the end the following new paragraph:
        ``(4) Termination for wind and solar facilities.--
            ``(A) In general.--This section shall not apply to any 
        qualified property placed in service by the taxpayer after 
        December 31, 2027, which is part of an applicable facility.
            ``(B) Applicable facility.--For purposes of this paragraph, 
        the term `applicable facility' means a qualified facility 
        which--
                ``(i) uses wind to produce electricity (within the 
            meaning of such term as used in section 45(d)(1), as 
            determined without regard to any requirement under such 
            section with respect to the date on which construction of 
            property begins), or
                ``(ii) uses solar energy to produce electricity (within 
            the meaning of such term as used in section 45(d)(4), as 
            determined without regard to any requirement under such 
            section with respect to the date on which construction of 
            property begins).
            ``(C) Exception.--This paragraph shall not apply with 
        respect to any energy storage technology which is placed in 
        service at any applicable facility.''.
    (b) Restrictions Relating to Prohibited Foreign Entities.--
        (1) In general.--Section 48E is amended--
            (A) in subsection (b)--
                (i) by redesignating paragraph (6) as paragraph (7), 
            and
                (ii) by inserting after paragraph (5) the following new 
            paragraph:
        ``(6) Material assistance from prohibited foreign entities.--
    The terms `qualified facility' and `qualified interconnection 
    property' shall not include any facility or property the 
    construction, reconstruction, or erection of which begins after 
    December 31, 2025, if the construction, reconstruction, or erection 
    of such facility or property includes any material assistance from 
    a prohibited foreign entity (as defined in section 7701(a)(52)).'', 
    and
            (B) in subsection (c), by adding at the end the following 
        new paragraph:
        ``(3) Material assistance from prohibited foreign entities.--
    The term `energy storage technology' shall not include any property 
    the construction of which begins after December 31, 2025, if the 
    construction of such property includes any material assistance from 
    a prohibited foreign entity (as defined in section 7701(a)(52)).''.
        (2) Additional restrictions.--Section 48E(d) is amended by 
    adding at the end the following new paragraph:
        ``(6) Restrictions relating to prohibited foreign entities.--
            ``(A) In general.--No credit shall be determined under 
        subsection (a) for any taxable year if the taxpayer is--
                ``(i) a specified foreign entity (as defined in section 
            7701(a)(51)(B)), or
                ``(ii) a foreign-influenced entity (as defined in 
            section 7701(a)(51)(D), without regard to clause (i)(II) 
            thereof).
            ``(B) Effective control.--In the case of a taxpayer for 
        which section 7701(a)(51)(D)(i)(II) is determined to apply for 
        any taxable year, no credit shall be determined under 
        subsection (a) for such taxable year if such determination 
        relates to a qualified facility described in subsection (b)(3) 
        or energy storage technology described in subsection (c)(2).''.
        (3) Recapture.--
            (A) In general.--Section 50(a) is amended--
                (i) by redesignating paragraphs (4) through (6) as 
            paragraphs (5) through (7), respectively,
                (ii) by inserting after paragraph (3) the following new 
            paragraph:
        ``(4) Payments to prohibited foreign entities.--
            ``(A) In general.--If there is an applicable payment made 
        by a specified taxpayer before the close of the 10-year period 
        beginning on the date such taxpayer placed in service 
        investment credit property which is eligible for the clean 
        electricity investment credit under section 48E(a), then the 
        tax under this chapter for the taxable year in which such 
        applicable payment occurs shall be increased by 100 percent of 
        the aggregate decrease in the credits allowed under section 38 
        for all prior taxable years which would have resulted solely 
        from reducing to zero any credit determined under section 46 
        which is attributable to the clean electricity investment 
        credit under section 48E(a) with respect to such property.
            ``(B) Applicable payment.--For purposes of this paragraph, 
        the term `applicable payment' means, with respect to any 
        taxable year, a payment or payments described in section 
        7701(a)(51)(D)(i)(II).
            ``(C) Specified taxpayer.--For purposes of this paragraph, 
        the term `specified taxpayer' means any taxpayer who has been 
        allowed a credit under section 48E(a) for any taxable year 
        beginning after the date which is 2 years after the date of 
        enactment of this paragraph.'',
                (iii) in paragraph (5), as redesignated by clause (i), 
            by striking ``or any applicable transaction to which 
            paragraph (3)(A) applies,'' and inserting ``any applicable 
            transaction to which paragraph (3)(A) applies, or any 
            applicable payment to which paragraph (4)(A) applies,'', 
            and
                (iv) in paragraph (7), as redesignated by clause (i), 
            by striking ``or (3)'' and inserting ``(3), or (4)''.
            (B) Conforming amendments.--
                (i) Section 1371(d)(1) is amended by striking ``section 
            50(a)(5)'' and inserting ``section 50(a)(6)''.
                (ii) Section 6418(g)(3) is amended by striking 
            ``subsection (a)(5)'' each place it appears and inserting 
            ``subsection (a)(7)''.
    (c) Denial of Credit for Expenditures for Certain Wind and Solar 
Leasing Arrangements.--
        (1) In general.--Section 48E is amended--
            (A) by redesignating subsection (i) as subsection (j), and
            (B) by inserting after subsection (h) the following new 
        subsection:
    ``(i) Denial of Credit for Expenditures for Wind and Solar Leasing 
Arrangements.--No credit shall be determined under this section for any 
qualified investment during the taxable year with respect to property 
described in paragraph (1) or (4) of section 25D(d) (as applied by 
substituting `lessee' for `taxpayer') if the taxpayer rents or leases 
such property to a third party during such taxable year.''.
        (2) Conforming rules.--Section 50 is amended by adding at the 
    end the following new subsection:
    ``(e) Rules for Geothermal Heat Pumps.--For purposes of this 
section and section 168, the ownership of energy property described in 
section 48(a)(3)(A)(vii) shall be determined without regard to whether 
such property is readily usable by a person other than the lessee or 
service recipient.''.
    (d) Domestic Content Rules.--Subparagraph (B) of section 48E(a)(3) 
is amended to read as follows:
            ``(B) Domestic content.--Rules similar to the rules of 
        section 48(a)(12) shall apply, except that, for purposes of 
        subparagraph (B) of such section and the application of rules 
        similar to the rules of section 45(b)(9)(B), the adjusted 
        percentage (as determined under section 45(b)(9)(C)) shall be 
        determined as follows:
                ``(i) In the case of any qualified investment with 
            respect to any qualified facility or energy storage 
            technology the construction of which begins before June 16, 
            2025, 40 percent (or, in the case of a qualified facility 
            which is an offshore wind facility, 20 percent).
                ``(ii) In the case of any qualified investment with 
            respect to any qualified facility or energy storage 
            technology the construction of which begins on or after 
            June 16, 2025, and before January 1, 2026, 45 percent (or, 
            in the case of a qualified facility which is an offshore 
            wind facility, 27.5 percent).
                ``(iii) In the case of any qualified investment with 
            respect to any qualified facility or energy storage 
            technology the construction of which begins during calendar 
            year 2026, 50 percent (or, in the case of a qualified 
            facility which is an offshore wind facility, 35 percent).
                ``(iv) In the case of any qualified investment with 
            respect to any qualified facility or energy storage 
            technology the construction of which begins after December 
            31, 2026, 55 percent.''.
    (e) Elimination of Energy Credit for Certain Energy Property.--
Section 48(a)(2) is amended--
        (1) in subparagraph (A)(ii), by striking ``2 percent'' and 
    inserting ``0 percent'', and
        (2) by adding at the end the following new subparagraph:
            ``(C) Nonapplication of increases to energy percentage.--
        For purposes of energy property described in subparagraph 
        (A)(ii), the energy percentage applicable to such property 
        pursuant to such subparagraph shall not be increased or 
        otherwise adjusted by any provision of this section.''.
    (f) Application of Clean Electricity Investment Credit to Qualified 
Fuel Cell Property.--Section 48E, as amended by subsection (c), is 
amended--
        (1) by redesignating subsection (j) as subsection (k), and
        (2) by inserting after subsection (i) the following new 
    subsection:
    ``(j) Application to Qualified Fuel Cell Property.--For purposes of 
this section, in the case of any qualified fuel cell property (as 
defined in section 48(c)(1), as applied without regard to subparagraph 
(E) thereof)--
        ``(1) subsection (b)(3)(A) shall be applied without regard to 
    clause (iii) thereof,
        ``(2) for purposes of subsection (a)(1), the applicable 
    percentage shall be 30 percent and such percentage shall not be 
    increased or otherwise adjusted by any other provision of this 
    section, and
        ``(3) subsection (g) shall not apply.''.
    (g) Effective Dates.--
        (1) In general.--Except as provided in paragraphs (2), (3), 
    (4), and (5), the amendments made by this section shall apply to 
    taxable years beginning after the date of enactment of this Act.
        (2) Domestic content rules.--The amendment made by subsection 
    (d) shall apply on or after June 16, 2025.
        (3) Elimination of energy credit for certain energy property.--
    The amendments made by subsection (e) shall apply to property the 
    construction of which begins on or after June 16, 2025.
        (4) Application of clean electricity investment credit to 
    qualified fuel cell property.--The amendments made by subsection 
    (f) shall apply to property the construction of which begins after 
    December 31, 2025.
        (5) Termination for wind and solar facilities.--The amendments 
    made by subsection (a) shall apply to facilities the construction 
    of which begins after the date which is 12 months after the date of 
    enactment of this Act.
SEC. 70514. PHASE-OUT AND RESTRICTIONS ON ADVANCED MANUFACTURING 
PRODUCTION CREDIT.
    (a) Modification of Provision Relating to Sale of Integrated 
Components.--Paragraph (4) of section 45X(d) is amended to read as 
follows:
        ``(4) Sale of integrated components.--
            ``(A) In general.--For purposes of this section, a person 
        shall be treated as having sold an eligible component to an 
        unrelated person if--
                ``(i) such component (referred to in this paragraph as 
            the `primary component') is integrated, incorporated, or 
            assembled into another eligible component (referred to in 
            this paragraph as the `secondary component') produced 
            within the same manufacturing facility as the primary 
            component, and
                ``(ii) the secondary component is sold to an unrelated 
            person.
            ``(B) Additional requirements.--Subparagraph (A) shall only 
        apply with respect to a secondary component for which not less 
        than 65 percent of the total direct material costs which are 
        paid or incurred (within the meaning of section 461 and any 
        regulations issued under section 263A) by the taxpayer to 
        produce such secondary component are attributable to primary 
        components which are mined, produced, or manufactured in the 
        United States.''.
    (b) Phase Out and Termination.--Section 45X(b)(3) is amended--
        (1) in the heading, by inserting ``and termination'' after 
    ``Phase out'',
        (2) in subparagraph (A), in the matter preceding clause (i), by 
    striking ``subparagraph (C)'' and inserting ``subparagraphs (C) and 
    (D)'', and
        (3) by striking subparagraph (C) and inserting the following:
            ``(C) Phase out for applicable critical minerals other than 
        metallurgical coal.--
                ``(i) In general.--In the case of any applicable 
            critical mineral (other than metallurgical coal) produced 
            after December 31, 2030, the amount determined under this 
            subsection with respect to such mineral shall be equal to 
            the product of--

                    ``(I) the amount determined under paragraph (1) 
                with respect to such mineral, as determined without 
                regard to this subparagraph, multiplied by
                    ``(II) the phase out percentage under clause (ii).

                ``(ii) Phase out percentage for applicable critical 
            minerals other than metallurgical coal.--The phase out 
            percentage under this clause is equal to--

                    ``(I) in the case of any applicable critical 
                mineral produced during calendar year 2031, 75 percent,
                    ``(II) in the case of any applicable critical 
                mineral produced during calendar year 2032, 50 percent,
                    ``(III) in the case of any applicable critical 
                mineral produced during calendar year 2033, 25 percent, 
                and
                    ``(IV) in the case of any applicable critical 
                mineral produced after December 31, 2033, 0 percent.

            ``(D) Termination for wind energy components.--This section 
        shall not apply to any wind energy component produced and sold 
        after December 31, 2027.
            ``(E) Termination for metallurgical coal.--This section 
        shall not apply to any metallurgical coal produced after 
        December 31, 2029.''.
    (c) Restrictions Relating to Prohibited Foreign Entities.--Section 
45X is amended--
        (1) in subsection (c)(1), by adding at the end the following 
    new subparagraph:
            ``(C) Material assistance from prohibited foreign 
        entities.--In the case of taxable years beginning after the 
        date of enactment of this subparagraph, the term `eligible 
        component' shall not include any property which includes any 
        material assistance from a prohibited foreign entity (as 
        defined in section 7701(a)(52), as applied by substituting 
        `used in a product sold before January 1, 2027' for `used in a 
        product sold before January 1, 2030' in subparagraph 
        (D)(iv)(II)(bb) thereof).'', and
        (2) in subsection (d), as amended by subsection (a) of this 
    section, by adding at the end the following new paragraph:
        ``(4) Restrictions relating to prohibited foreign entities.--
            ``(A) In general.--No credit shall be determined under 
        subsection (a) for any taxable year if the taxpayer is--
                ``(i) a specified foreign entity (as defined in section 
            7701(a)(51)(B)), or
                ``(ii) a foreign-influenced entity (as defined in 
            section 7701(a)(51)(D), without regard to clause (i)(II) 
            thereof).
            ``(B) Effective control.--In the case of a taxpayer for 
        which section 7701(a)(51)(D)(i)(II) is determined to apply for 
        any taxable year, no credit shall be determined under 
        subsection (a) for such taxable year if such determination 
        relates to an eligible component described in subsection 
        (c)(1).''.
    (d) Modification of Definition of Battery Module.--Section 
45X(c)(5)(B)(iii) is amended--
        (1) in subclause (I)(bb), by striking ``and'' at the end,
        (2) in subclause (II), by striking the period at the end and 
    inserting ``, and'', and
        (3) by adding at the end the following new subclause:

                    ``(III) which is comprised of all other essential 
                equipment needed for battery functionality, such as 
                current collector assemblies and voltage sense 
                harnesses, or any other essential energy collection 
                equipment.''.

    (e) Inclusion of Metallurgical Coal as an Applicable Critical 
Mineral for Purposes of the Advanced Manufacturing Production Credit.--
        (1) In general.--Section 45X(c)(6) is amended--
            (A) by redesignating subparagraphs (R) through (Z) as 
        subparagraphs (S) through (AA), respectively, and
            (B) by inserting after subparagraph (Q) the following new 
        subparagraph:
            ``(R) Metallurgical coal.--Metallurgical coal which is 
        suitable for use in the production of steel (within the meaning 
        of the notice published by the Department of Energy entitled 
        `Critical Material List; Addition of Metallurgical Coal Used 
        for Steelmaking' (90 Fed. Reg. 22711 (May 29, 2025))), 
        regardless of whether such production occurs inside or outside 
        of the United States.''.
        (2) Credit amount.--Section 45X(b)(1)(M) is amended by 
    inserting ``(2.5 percent in the case of metallurgical coal)'' after 
    ``10 percent''.
    (f) Effective Dates.--
        (1) In general.--Except as provided in paragraph (2), the 
    amendments made by this section shall apply to taxable years 
    beginning after the date of enactment of this Act.
        (2) Modification of provision relating to sale of integrated 
    components.--The amendment made by subsection (a) shall apply to 
    components sold during taxable years beginning after December 31, 
    2026.
SEC. 70515. RESTRICTION ON THE EXTENSION OF ADVANCED ENERGY PROJECT 
CREDIT PROGRAM.
    (a) In General.--Section 48C(e)(3)(C) is amended by striking 
``shall be increased'' and inserting ``shall not be increased''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of enactment of this Act.

        Subchapter B--Enhancement of America-first Energy Policy

SEC. 70521. EXTENSION AND MODIFICATION OF CLEAN FUEL PRODUCTION CREDIT.
    (a) Prohibition on Foreign Feedstocks.--
        (1) In general.--Section 45Z(f)(1)(A) is amended--
            (A) in clause (i)(II)(bb), by striking ``and'' at the end,
            (B) in clause (ii), by striking the period at the end and 
        inserting ``, and'', and
            (C) by adding at the end the following new clause:
                ``(iii) such fuel is exclusively derived from a 
            feedstock which was produced or grown in the United States, 
            Mexico, or Canada.''.
        (2) Effective date.--The amendments made by this subsection 
    shall apply to transportation fuel produced after December 31, 
    2025.
    (b) Prohibition on Negative Emission Rates.--
        (1) In general.--Section 45Z(b)(1) is amended--
            (A) by striking subparagraph (C) and inserting the 
        following:
            ``(C) Rounding of emissions rate.--The Secretary may round 
        the emissions rates under subparagraph (B) to the nearest 
        multiple of 5 kilograms of CO2e per mmBTU.'', and
            (B) by adding at the end the following new subparagraph:
            ``(E) Prohibition on negative emission rates.--For purposes 
        of this section, the emissions rate for a transportation fuel 
        may not be less than zero.''.
        (2) Effective date.--The amendments made by this subsection 
    shall apply to emissions rates published for transportation fuel 
    produced after December 31, 2025.
    (c) Determination of Emissions Rate.--
        (1) In general.--Section 45Z(b)(1)(B) is amended by adding at 
    the end the following new clauses:
                ``(iv) Exclusion of indirect land use changes.--
            Notwithstanding clauses (i), (ii), and (iii), the emissions 
            rate shall be adjusted as necessary to exclude any 
            emissions attributed to indirect land use change. Any such 
            adjustment shall be based on regulations or methodologies 
            determined by the Secretary.
                ``(v) Animal manures.--With respect to any 
            transportation fuel which is derived from animal manure, 
            the Secretary--

                    ``(I) shall provide a distinct emissions rate with 
                respect to such fuel based on the specific animal 
                manure feedstock, which may include dairy manure, swine 
                manure, poultry manure, or any other sources as are 
                determined appropriate by the Secretary, and
                    ``(II) notwithstanding subparagraph (E), may 
                provide an emissions rate that is less than zero.''.

        (2) Conforming amendment.--Section 45Z(b)(1)(B)(i) is amended 
    by striking ``clauses (ii) and (iii)'' and inserting ``clauses 
    (ii), (iii), (iv), and (v)''.
        (3) Effective date.--The amendments made by this subsection 
    shall apply to emissions rates published for transportation fuel 
    produced after December 31, 2025.
    (d) Extension of Clean Fuel Production Credit.--Section 45Z(g) is 
amended by striking ``December 31, 2027'' and inserting ``December 31, 
2029''.
    (e) Preventing Double Credit.--Section 45Z(d)(5) is amended--
        (1) in subparagraph (A)--
            (A) in clause (ii), by striking ``and'' at the end,
            (B) in clause (iii), by striking the period at the end and 
        inserting ``, and'', and
            (C) by adding at the end the following new clause:
                ``(iv) is not produced from a fuel for which a credit 
            under this section is allowable.'', and
        (2) by adding at the end the following new subparagraph:
            ``(C) Regulations and guidance.--The Secretary shall issue 
        such regulations or other guidance as the Secretary determines 
        necessary to carry out the purposes of subparagraph (A)(iv).''.
    (f) Sales to Unrelated Persons.--Section 45Z(f)(3) is amended by 
adding at the end the following: ``The Secretary may prescribe 
additional related person rules similar to the rule described in the 
preceding sentence for entities which are not described in such 
sentence, including rules for related persons with respect to which the 
taxpayer has reason to believe will sell fuel to an unrelated person in 
a manner described in subsection (a)(4).''.
    (g) Treatment of Sustainable Aviation Fuel.--
        (1) Coordination of credits.--
            (A) In general.--Section 6426(k) is amended by adding at 
        the end the following new paragraph:
        ``(4) Coordination of credits.--With respect to any gallon of 
    sustainable aviation fuel in a qualified mixture, this subsection 
    shall not apply to any such gallon for which a credit under section 
    45Z is allowable (as determined without regard to subsection 
    (a)(1)(A) of such section).''.
            (B) Effective date.--The amendment made by this paragraph 
        shall apply to--
                (i) fuel sold or used on or after the date of the 
            enactment of this Act, and
                (ii) fuel sold or used before the date of enactment of 
            this Act, but only to the extent that claims for the credit 
            under section 6426(k) of the Internal Revenue Code of 1986 
            with respect to such sale or use have not been paid or 
            allowed as of such date.
        (2) Elimination of special rate.--
            (A) In general.--Paragraph (3) of section 45Z(a) is amended 
        to read as follows:
        ``(3) Definition of sustainable aviation fuel.--For purposes of 
    this section, the term `sustainable aviation fuel' means liquid 
    fuel, the portion of which is not kerosene, which is sold for use 
    in an aircraft and which--
            ``(A) meets the requirements of--
                ``(i) ASTM International Standard D7566, or
                ``(ii) the Fischer Tropsch provisions of ASTM 
            International Standard D1655, Annex A1, and
            ``(B) is not derived from palm fatty acid distillates or 
        petroleum.''.
            (B) Conforming amendment.--Section 45Z(c)(1) is amended by 
        striking ``, the $1.00 amount in subsection (a)(2)(B), the 35 
        cent amount in subsection (a)(3)(A)(i), and the $1.75 amount in 
        subsection (a)(3)(A)(ii)'' and inserting ``and the $1.00 amount 
        in subsection (a)(2)(B)''.
            (C) Effective date.--The amendments made by this paragraph 
        shall apply to fuel produced after December 31, 2025.
    (h) Sustainable Aviation Fuel Credit.--Section 6426(k), as amended 
by the preceding provisions of this Act, is amended by adding at the 
end the following new paragraph:
        ``(5) Termination.--This subsection shall not apply to any sale 
    or use for any period after September 30, 2025.''.
    (i) Registration of Producers of Fuel Eligible for Clean Fuel 
Production Credit.--
        (1) In general.--Section 13704(b)(5) of Public Law 117-169 is 
    amended by striking ``after `section 6426(k)(3)),''' and inserting 
    ``after `section 40B),'''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to transportation fuel produced after December 31, 
    2024.
    (j) Extension and Modification of Small Agri-biodiesel Producer 
Credit.--
        (1) In general.--Section 40A is amended--
            (A) in subsection (b)(4)--
                (i) in subparagraph (A), by striking ``10 cents'' and 
            inserting ``20 cents'',
                (ii) in subparagraph (B), by inserting ``in a manner 
            which complies with the requirements under section 
            45Z(f)(1)(A)(iii)'' after ``produced by an eligible small 
            agri-biodiesel producer'', and
                (iii) by adding at the end the following new 
            subparagraph:
            ``(D) Coordination with clean fuel production credit.--The 
        credit determined under this paragraph with respect to any 
        gallon of fuel shall be in addition to any credit determined 
        under section 45Z with respect to such gallon of fuel.'', and
            (B) in subsection (g), by inserting ``(or, in the case of 
        the small agri-biodiesel producer credit, any sale or use after 
        December 31, 2026)'' after ``December 31, 2024''.
        (2) Transfer of credit.--Section 6418(f)(1)(A) is amended by 
    adding at the end the following new clause:
                ``(xii) So much of the biodiesel fuels credit 
            determined under section 40A which consists of the small 
            agri-biodiesel producer credit determined under subsection 
            (b)(4) of such section.''.
        (3) Effective date.--The amendments made by this subsection 
    shall apply to fuel sold or used after June 30, 2025.
    (k) Restrictions Relating to Prohibited Foreign Entities.--
        (1) In general.--Section 45Z(f) is amended by adding at the end 
    the following new paragraph:
        ``(8) Restrictions relating to prohibited foreign entities.--
            ``(A) In general.--No credit shall be determined under 
        subsection (a) for any taxable year beginning after the date of 
        enactment of this paragraph if the taxpayer is a specified 
        foreign entity (as defined in section 7701(a)(51)(B)).
            ``(B) Other prohibited foreign entities.--No credit shall 
        be determined under subsection (a) for any taxable year 
        beginning after the date which is 2 years after the date of 
        enactment of this paragraph if the taxpayer is a foreign-
        influenced entity (as defined in section 7701(a)(51)(D), 
        without regard to clause (i)(II) thereof).''.
        (2) Effective date.--The amendment made by this subsection 
    shall apply to taxable years beginning after the date of enactment 
    of this Act.
SEC. 70522. RESTRICTIONS ON CARBON OXIDE SEQUESTRATION CREDIT.
    (a) Restrictions Relating to Prohibited Foreign Entities.--Section 
45Q(f) is amended by adding at the end the following new paragraph:
        ``(10) Restrictions relating to prohibited foreign entities.--
    No credit shall be determined under subsection (a) for any taxable 
    year beginning after the date of enactment of this paragraph if the 
    taxpayer is--
            ``(A) a specified foreign entity (as defined in section 
        7701(a)(51)(B)), or
            ``(B) a foreign-influenced entity (as defined in section 
        7701(a)(51)(D), determined without regard to clause (i)(II) 
        thereof).''.
    (b) Parity for Different Uses and Utilizations of Qualified Carbon 
Oxide.--Section 45Q is amended--
        (1) in subsection (a)--
            (A) in paragraph (2)(B)(ii), by adding ``and'' at the end,
            (B) in paragraph (3), by striking subparagraph (B) and 
        inserting the following:
            ``(B)(i) disposed of by the taxpayer in secure geological 
        storage and not used by the taxpayer as described in clause 
        (ii) or (iii),
            ``(ii) used by the taxpayer as a tertiary injectant in a 
        qualified enhanced oil or natural gas recovery project and 
        disposed of by the taxpayer in secure geological storage, or
            ``(iii) utilized by the taxpayer in a manner described in 
        subsection (f)(5).'', and
            (C) by striking paragraph (4),
        (2) in subsection (b)--
            (A) in paragraph (1)--
                (i) by striking subparagraph (A) and inserting the 
            following:
            ``(A) In general.--Except as provided in subparagraph (B) 
        or (C), the applicable dollar amount shall be an amount equal 
        to--
                ``(i) for any taxable year beginning in a calendar year 
            after 2024 and before 2027, $17, and
                ``(ii) for any taxable year beginning in a calendar 
            year after 2026, an amount equal to the product of $17 and 
            the inflation adjustment factor for such calendar year 
            determined under section 43(b)(3)(B) for such calendar 
            year, determined by substituting `2025' for `1990'.'', and
                (ii) in subparagraph (B), by striking ``shall be 
            applied'' and all that follows through the period and 
            inserting ``shall be applied by substituting `$36' for 
            `$17' each place it appears.'',
            (B) in paragraph (2)(B), by striking ``paragraphs (3)(A) 
        and (4)(A)'' and inserting ``paragraph (3)(A)'', and
            (C) in paragraph (3), by striking ``the dollar amounts 
        applicable under paragraph (3) or (4)'' and inserting ``the 
        dollar amount applicable under paragraph (3)'',
        (3) in subsection (f)--
            (A) in paragraph (5)(B)(i), by striking ``(4)(B)(ii)'' and 
        inserting ``(3)(B)(iii)'', and
            (B) in paragraph (9), by striking ``paragraphs (3) and (4) 
        of subsection (a)'' and inserting ``subsection (a)(3)'', and
        (4) in subsection (h)(3)(A)(ii), by striking ``paragraph (3)(A) 
    or (4)(A) of subsection (a)'' and inserting ``subsection 
    (a)(3)(A)''.
    (c) Conforming Amendment.--Section 6417(d)(3)(C)(i)(II)(bb) is 
amended by striking ``paragraph (3)(A) or (4)(A) of section 45Q(a)'' 
and inserting ``section 45Q(a)(3)(A)''.
    (d) Effective Dates.--
        (1) Restrictions relating to prohibited foreign entities.--The 
    amendment made by subsection (a) shall apply to taxable years 
    beginning after the date of enactment of this Act.
        (2) Parity for different uses and utilizations of qualified 
    carbon oxide.--The amendments made subsections (b) and (c) shall 
    apply to facilities or equipment placed in service after the date 
    of enactment of this Act.
SEC. 70523. INTANGIBLE DRILLING AND DEVELOPMENT COSTS TAKEN INTO 
ACCOUNT FOR PURPOSES OF COMPUTING ADJUSTED FINANCIAL STATEMENT INCOME.
    (a) In General.--Section 56A(c)(13) is amended--
        (1) by striking subparagraph (A) and inserting the following:
            ``(A) reduced by--
                ``(i) depreciation deductions allowed under section 167 
            with respect to property to which section 168 applies to 
            the extent of the amount allowed as deductions in computing 
            taxable income for the year, and
                ``(ii) any deduction allowed for expenses under section 
            263(c) (including any deduction for such expenses under 
            section 59(e) or 291(b)(2)) with respect to property 
            described therein to the extent of the amount allowed as 
            deductions in computing taxable income for the year, and'', 
            and
        (2) by striking subparagraph (B)(i) and inserting the 
    following:
                ``(i) to disregard any amount of--

                    ``(I) depreciation expense that is taken into 
                account on the taxpayer's applicable financial 
                statement with respect to such property, and
                    ``(II) depletion expense that is taken into account 
                on the taxpayer's applicable financial statement with 
                respect to the intangible drilling and development 
                costs of such property, and''.

    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70524. INCOME FROM HYDROGEN STORAGE, CARBON CAPTURE, ADVANCED 
NUCLEAR, HYDROPOWER, AND GEOTHERMAL ENERGY ADDED TO QUALIFYING INCOME 
OF CERTAIN PUBLICLY TRADED PARTNERSHIPS.
    (a) In General.--Section 7704(d)(1)(E) is amended--
        (1) by striking ``income and gains derived from the 
    exploration'' and inserting the following: ``income and gains 
    derived from--
                ``(i) the exploration''.
        (2) by inserting ``or'' before ``industrial source'', and
        (3) by striking ``or the transportation or storage'' and all 
    that follows and inserting the following:
                ``(ii) the transportation or storage of--

                    ``(I) any fuel described in subsection (b), (c), 
                (d), (e), or (k) of section 6426, or any alcohol fuel 
                defined in section 6426(b)(4)(A) or any biodiesel fuel 
                as defined in section 40A(d)(1) or sustainable aviation 
                fuel as defined in section 40B(d)(1), or
                    ``(II) liquified hydrogen or compressed hydrogen,

                ``(iii) in the case of a qualified facility (as defined 
            in section 45Q(d), without regard to any date by which 
            construction of the facility or equipment is required to 
            begin) not less than 50 percent of the total carbon oxide 
            production of which is qualified carbon oxide (as defined 
            in section 45Q(c))--

                    ``(I) the generation, availability for such 
                generation, or storage of electric power at such 
                facility, or
                    ``(II) the capture of carbon dioxide by such 
                facility,

                ``(iv) the production of electricity from any advanced 
            nuclear facility (as defined in section 45J(d)(2)),
                ``(v) the production of electricity or thermal energy 
            exclusively using a qualified energy resource described in 
            subparagraph (D) or (H) of section 45(c)(1), or
                ``(vi) the operation of energy property described in 
            clause (iii) or (vii) of section 48(a)(3)(A) (determined 
            without regard to any requirement under such section with 
            respect to the date on which construction of property 
            begins).''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70525. ALLOW FOR PAYMENTS TO CERTAIN INDIVIDUALS WHO DYE FUEL.
    (a) In General.--Subchapter B of chapter 65, as amended by the 
preceding provisions of this Act, is amended by adding at the end the 
following new section:
``SEC. 6435. DYED FUEL.
    ``(a) In General.--If a person establishes to the satisfaction of 
the Secretary that such person meets the requirements of subsection (b) 
with respect to diesel fuel or kerosene, then the Secretary shall pay 
to such person an amount (without interest) equal to the tax described 
in subsection (b)(2)(A) with respect to such diesel fuel or kerosene.
    ``(b) Requirements.--
        ``(1) In general.--A person meets the requirements of this 
    subsection with respect to diesel fuel or kerosene if such person 
    removes from a terminal eligible indelibly dyed diesel fuel or 
    kerosene.
        ``(2) Eligible indelibly dyed diesel fuel or kerosene 
    defined.--The term `eligible indelibly dyed diesel fuel or 
    kerosene' means diesel fuel or kerosene--
            ``(A) with respect to which a tax under section 4081 was 
        previously paid (and not credited or refunded), and
            ``(B) which is exempt from taxation under section 4082(a).
    ``(c) Cross Reference.--For civil penalty for excessive claims 
under this section, see section 6675.''.
    (b) Conforming Amendments.--
        (1) Section 6206 is amended--
            (A) by striking ``or 6427'' each place it appears and 
        inserting ``6427, or 6435'', and
            (B) by striking ``6420 and 6421'' and inserting ``6420, 
        6421, and 6435''.
        (2) Section 6430 is amended--
            (A) by striking ``or'' at the end of paragraph (2), by 
        striking the period at the end of paragraph (3) and inserting 
        ``, or'', and by adding at the end the following new paragraph:
        ``(4) which are removed as eligible indelibly dyed diesel fuel 
    or kerosene under section 6435.''.
        (3) Section 6675 is amended--
            (A) in subsection (a), by striking ``or 6427 (relating to 
        fuels not used for taxable purposes)'' and inserting ``6427 
        (relating to fuels not used for taxable purposes), or 6435 
        (relating to eligible indelibly dyed fuel)'', and
            (B) in subsection (b)(1), by striking ``6421, or 6427,'' 
        and inserting ``6421, 6427, or 6435,''.
        (4) The table of sections for subchapter B of chapter 65, as 
    amended by the preceding provisions of this Act, is amended by 
    adding at the end the following new item:
``Sec. 6435. Dyed fuel.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to eligible indelibly dyed diesel fuel or kerosene removed on or 
after the date that is 180 days after the date of the enactment of this 
section.

                      Subchapter C--Other Reforms

SEC. 70531. MODIFICATIONS TO DE MINIMIS ENTRY PRIVILEGE FOR COMMERCIAL 
SHIPMENTS.
    (a) Civil Penalty.--
        (1) Additional penalty imposed.--Section 321 of the Tariff Act 
    of 1930 (19 U.S.C. 1321) is amended by adding at the end the 
    following new subsection:
    ``(c) Any person who enters, introduces, facilitates, or attempts 
to introduce an article into the United States using the privilege of 
this section, the importation of which violates any other provision of 
United States customs law, shall be assessed, in addition to any other 
penalty permitted by law, a civil penalty of up to $5,000 for the first 
violation and up to $10,000 for each subsequent violation.''.
        (2) Effective date.--The amendment made by paragraph (1) shall 
    take effect 30 days after the date of the enactment of this Act.
    (b) Repeal of Commercial Shipment Exception.--
        (1) Repeal.--Section 321(a)(2) of such Act (19 U.S.C. 
    1321(a)(2)) is amended by striking ``of this Act, or'' and all that 
    follows through ``subdivision (2); and'' and inserting ``of this 
    Act; and''.
        (2) Conforming repeal.--Subsection (c) of such section 321, as 
    added by subsection (a) of this section, is repealed.
        (3) Effective date.--The amendments made by this subsection 
    shall take effect on July 1, 2027.

 CHAPTER 6--ENHANCING DEDUCTION AND INCOME TAX CREDIT GUARDRAILS, AND 
                             OTHER REFORMS

SEC. 70601. MODIFICATION AND EXTENSION OF LIMITATION ON EXCESS BUSINESS 
LOSSES OF NONCORPORATE TAXPAYERS.
    (a) Rule Made Permanent.--Section 461(l)(1) is amended by striking 
``and before January 1, 2029,'' each place it appears.
    (b) Adjustment of Amounts for Calculation of Excess Business 
Loss.--Section 461(l)(3)(C) is amended--
        (1) in the matter preceding clause (i), by striking ``December 
    31, 2018'' and inserting ``December 31, 2025'', and
        (2) in clause (ii), by striking ``2017'' and inserting 
    ``2024''.
    (c) Effective Dates.--
        (1) Rule made permanent.--The amendments made by subsection (a) 
    shall apply to taxable years beginning after December 31, 2026.
        (2) Adjustment of amounts for calculation of excess business 
    loss.--The amendments made by subsection (b) shall apply to taxable 
    years beginning after December 31, 2025.
SEC. 70602. TREATMENT OF PAYMENTS FROM PARTNERSHIPS TO PARTNERS FOR 
PROPERTY OR SERVICES.
    (a) In General.--Section 707(a)(2) is amended by striking ``Under 
regulations prescribed'' and inserting ``Except as provided''.
    (b) Effective Date.--The amendment made by this section shall apply 
to services performed, and property transferred, after the date of the 
enactment of this Act.
    (c) Rule of Construction.--Nothing in this section, or the 
amendments made by this section, shall be construed to create any 
inference with respect to the proper treatment under section 707(a) of 
the Internal Revenue Code of 1986 with respect to payments from a 
partnership to a partner for services performed, or property 
transferred, on or before the date of the enactment of this Act.
SEC. 70603. EXCESSIVE EMPLOYEE REMUNERATION FROM CONTROLLED GROUP 
MEMBERS AND ALLOCATION OF DEDUCTION.
    (a) Application of Aggregation Rules.--Section 162(m) is amended by 
adding at the end the following new paragraph:
        ``(7) Remuneration from controlled group members.--
            ``(A) In general.--In the case of any publicly held 
        corporation which is a member of a controlled group--
                ``(i) paragraph (1) shall be applied by substituting 
            `specified covered employee' for `covered employee', and
                ``(ii) if any person which is a member of such 
            controlled group (other than such publicly held 
            corporation) provides applicable employee remuneration to 
            an individual who is a specified covered employee of such 
            controlled group and the aggregate amount described in 
            subparagraph (B)(ii) with respect to such specified covered 
            employee exceeds $1,000,000--

                    ``(I) paragraph (1) shall apply to such person with 
                respect to such remuneration, and
                    ``(II) paragraph (1) shall apply to such publicly 
                held corporation and to each such related person by 
                substituting `the allocable limitation amount' for 
                `$1,000,000'.

            ``(B) Allocable limitation amount.--For purposes of this 
        paragraph, the term `allocable limitation amount' means, with 
        respect to any member of the controlled group referred to in 
        subparagraph (A) with respect to any specified covered employee 
        of such controlled group, the amount which bears the same ratio 
        to $1,000,000 as--
                ``(i) the amount of applicable employee remuneration 
            provided by such member with respect to such specified 
            covered employee, bears to
                ``(ii) the aggregate amount of applicable employee 
            remuneration provided by all such members with respect to 
            such specified covered employee.
            ``(C) Specified covered employee.--For purposes of this 
        paragraph, the term `specified covered employee' means, with 
        respect to any controlled group--
                ``(i) any employee described in subparagraph (A), (B), 
            or (D) of paragraph (3), with respect to the publicly held 
            corporation which is a member of such controlled group, and
                ``(ii) any employee who would be described in 
            subparagraph (C) of paragraph (3) if such subparagraph were 
            applied by taking into account the employees of all members 
            of the controlled group.
            ``(D) Controlled group.--For purposes of this paragraph, 
        the term `controlled group' means any group treated as a single 
        employer under subsection (b), (c), (m), or (o) of section 
        414.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
SEC. 70604. EXCISE TAX ON CERTAIN REMITTANCE TRANSFERS.
    (a) In General.--Chapter 36 is amended by inserting after 
subchapter B the following new subchapter:

                  ``Subchapter C--Remittance Transfers

``Sec. 4475. Imposition of tax.

``SEC. 4475. IMPOSITION OF TAX.
    ``(a) In General.--There is hereby imposed on any remittance 
transfer a tax equal to 1 percent of the amount of such transfer.
    ``(b) Payment of Tax.--
        ``(1) In general.--The tax imposed by this section with respect 
    to any remittance transfer shall be paid by the sender with respect 
    to such transfer.
        ``(2) Collection of tax.--The remittance transfer provider with 
    respect to any remittance transfer shall collect the amount of the 
    tax imposed under subsection (a) with respect to such transfer from 
    the sender and remit such tax quarterly to the Secretary at such 
    time and in such manner as provided by the Secretary,
        ``(3) Secondary liability.--Where any tax imposed by subsection 
    (a) is not paid at the time the transfer is made, then to the 
    extent that such tax is not collected, such tax shall be paid by 
    the remittance transfer provider.
    ``(c) Tax Limited to Cash and Similar Instruments.--The tax imposed 
under subsection (a) shall apply only to any remittance transfer for 
which the sender provides cash, a money order, a cashier's check, or 
any other similar physical instrument (as determined by the Secretary) 
to the remittance transfer provider.
    ``(d) Nonapplication to Certain Noncash Remittance Transfers.--
Subsection (a) shall not apply to any remittance transfer for which the 
funds being transferred are--
        ``(1) withdrawn from an account held in or by a financial 
    institution--
            ``(A) which is described in subparagraphs (A) through (H) 
        of section 5312(a)(2) of title 31, United States Code, and
            ``(B) that is subject to the requirements under subchapter 
        II of chapter 53 of such title, or
        ``(2) funded with a debit card or a credit card which is issued 
    in the United States.
    ``(e) Definitions.--For purposes of this section--
        ``(1) In general.--The terms `remittance transfer', `remittance 
    transfer provider', and `sender' shall each have the respective 
    meanings given such terms by section 919(g) of the Electronic Fund 
    Transfer Act (15 U.S.C. 1693o-1(g)).
        ``(2) Credit card.--The term `credit card' has the same meaning 
    given such term under section 920(c)(3) of the Electronic Fund 
    Transfer Act (15 U.S.C. 1693o-2(c)(3)).
        ``(3) Debit card.--The term `debit card' has the same meaning 
    given such term under section 920(c)(2) of the Electronic Fund 
    Transfer Act (15 U.S.C. 1693o-2(c)(2)), without regard to 
    subparagraph (B) of such section.
    ``(f) Application of Anti-conduit Rules.--For purposes of section 
7701(l), with respect to any multiple-party arrangements involving the 
sender, a remittance transfer shall be treated as a financing 
transaction.''.
    (b) Conforming Amendment.--The table of subchapters for chapter 36 
is amended by inserting after the item relating to subchapter B the 
following new item:

                 ``subchapter c--remittance transfers''.

    (c) Effective Date.--The amendments made by this section shall 
apply to transfers made after December 31, 2025.
SEC. 70605. ENFORCEMENT PROVISIONS WITH RESPECT TO COVID-RELATED 
EMPLOYEE RETENTION CREDITS.
    (a) Assessable Penalty for Failure to Comply With Due Diligence 
Requirements.--
        (1) In general.--Any COVID-ERTC promoter which provides aid, 
    assistance, or advice with respect to any COVID-ERTC document and 
    which fails to comply with due diligence requirements imposed by 
    the Secretary with respect to determining eligibility for, or the 
    amount of, any credit or advance payment of a credit under section 
    3134 of the Internal Revenue Code of 1986, shall pay a penalty of 
    $1,000 for each such failure.
        (2) Due diligence requirements.--The due diligence requirements 
    referred to in paragraph (1) shall be similar to the due diligence 
    requirements imposed under section 6695(g) of the Internal Revenue 
    Code of 1986.
        (3) Restriction to documents used in connection with returns or 
    claims for refund.--Paragraph (1) shall not apply with respect to 
    any COVID-ERTC document unless such document constitutes, or 
    relates to, a return or claim for refund.
        (4) Treatment as assessable penalty, etc.--For purposes of the 
    Internal Revenue Code of 1986, the penalty imposed under paragraph 
    (1) shall be treated as a penalty which is imposed under section 
    6695(g) of such Code and assessed under section 6201 of such Code.
        (5) Secretary.--For purposes of this subsection, the term 
    ``Secretary'' means the Secretary of the Treasury or the 
    Secretary's delegate.
    (b) COVID-ERTC Promoter.--For purposes of this section--
        (1) In general.--The term ``COVID-ERTC promoter'' means, with 
    respect to any COVID-ERTC document, any person which provides aid, 
    assistance, or advice with respect to such document if--
            (A) such person charges or receives a fee for such aid, 
        assistance, or advice which is based on the amount of the 
        refund or credit with respect to such document and, with 
        respect to such person's taxable year in which such person 
        provided such assistance or the preceding taxable year, the 
        aggregate of the gross receipts of such person for aid, 
        assistance, and advice with respect to all COVID-ERTC documents 
        exceeds 20 percent of the gross receipts of such person for 
        such taxable year, or
            (B) with respect to such person's taxable year in which 
        such person provided such assistance or the preceding taxable 
        year--
                (i) the aggregate of the gross receipts of such person 
            for aid, assistance, and advice with respect to all COVID-
            ERTC documents exceeds 50 percent of the gross receipts of 
            such person for such taxable year, or
                (ii) both--

                    (I) such aggregate gross receipts exceed 20 percent 
                of the gross receipts of such person for such taxable 
                year, and
                    (II) the aggregate of the gross receipts of such 
                person for aid, assistance, and advice with respect to 
                all COVID-ERTC documents (determined after application 
                of paragraph (3)) exceeds $500,000.

        (2) Exception for certified professional employer 
    organizations.--The term ``COVID-ERTC promoter'' shall not include 
    a certified professional employer organization (as defined in 
    section 7705 of the Internal Revenue Code of 1986).
        (3) Aggregation rule.--For purposes of paragraph (1), all 
    persons treated as a single employer under subsection (a) or (b) of 
    section 52 of the Internal Revenue Code of 1986, or subsection (m) 
    or (o) of section 414 of such Code, shall be treated as 1 person.
        (4) Short taxable years.--In the case of any taxable year of 
    less than 12 months, a person shall be treated as a COVID-ERTC 
    promoter if such person is described in paragraph (1) either with 
    respect to such taxable year or by treating any reference to such 
    taxable year as a reference to the calendar year in which such 
    taxable year begins.
    (c) COVID-ERTC Document.--For purposes of this section, the term 
``COVID-ERTC document'' means any return, affidavit, claim, or other 
document related to any credit or advance payment of a credit under 
section 3134 of the Internal Revenue Code of 1986, including any 
document related to eligibility for, or the calculation or 
determination of any amount directly related to, any such credit or 
advance payment.
    (d) Limitation on Credits and Refunds.--Notwithstanding section 
6511 of the Internal Revenue Code of 1986, no credit under section 3134 
of the Internal Revenue Code of 1986 shall be allowed, and no refund 
with respect to any such credit shall be made, after the date of the 
enactment of this Act, unless a claim for such credit or refund was 
filed by the taxpayer on or before January 31, 2024.
    (e) Extension of Limitation on Assessment.--Section 3134(l) is 
amended to read as follows:
    ``(l) Extension of Limitation on Assessment.--
        ``(1) In general.--Notwithstanding section 6501, the limitation 
    on the time period for the assessment of any amount attributable to 
    a credit claimed under this section shall not expire before the 
    date that is 6 years after the latest of--
            ``(A) the date on which the original return which includes 
        the calendar quarter with respect to which such credit is 
        determined is filed,
            ``(B) the date on which such return is treated as filed 
        under section 6501(b)(2), or
            ``(C) the date on which the claim for credit or refund with 
        respect to such credit is made.
        ``(2) Deduction for wages taken into account in determining 
    improperly claimed credit.--
            ``(A) In general.--Notwithstanding section 6511, in the 
        case of an assessment attributable to a credit claimed under 
        this section, the limitation on the time period for credit or 
        refund of any amount attributable to a deduction for improperly 
        claimed ERTC wages shall not expire before the time period for 
        such assessment expires under paragraph (1).
            ``(B) Improperly claimed ertc wages.--For purposes of this 
        paragraph, the term `improperly claimed ERTC wages' means, with 
        respect to an assessment attributable to a credit claimed under 
        this section, the wages with respect to which a deduction would 
        not have been allowed if the portion of the credit to which 
        such assessment relates had been properly claimed.''.
    (f) Amendment to Penalty for Erroneous Claim for Refund or 
Credit.--Section 6676(a) is amended by striking ``income tax'' and 
inserting ``income or employment tax''.
    (g) Effective Dates.--
        (1) In general.--The provisions of this section shall apply to 
    aid, assistance, and advice provided after the date of the 
    enactment of this Act.
        (2) Limitation on credits and refunds.--Subsection (d) shall 
    apply to credits and refunds allowed or made after the date of the 
    enactment of this Act.
        (3) Extension of limitation on assessment.--The amendment made 
    by subsection (e) shall apply to assessments made after the date of 
    the enactment of this Act.
        (4) Amendment to penalty for erroneous claim for refund or 
    credit.--The amendment made by subsection (f) shall apply to claims 
    for credit or refund after the date of the enactment of this Act.
    (h) Regulations.--The Secretary (as defined in subsection (a)(5)) 
shall issue such regulations or other guidance as may be necessary or 
appropriate to carry out the purposes of this section (and the 
amendments made by this section).
SEC. 70606. SOCIAL SECURITY NUMBER REQUIREMENT FOR AMERICAN OPPORTUNITY 
AND LIFETIME LEARNING CREDITS.
    (a) Social Security Number of Taxpayer Required.--Section 25A(g)(1) 
is amended to read as follows:
        ``(1) Identification requirement.--
            ``(A) Social security number requirement.--No credit shall 
        be allowed under subsection (a) to an individual unless the 
        individual includes on the return of tax for the taxable year--
                ``(i) such individual's social security number, and
                ``(ii) in the case of a credit with respect to the 
            qualified tuition and related expenses of an individual 
            other than the taxpayer or the taxpayer's spouse, the name 
            and social security number of such individual.
            ``(B) Institution.--No American Opportunity Tax Credit 
        shall be allowed under this section unless the taxpayer 
        includes the employer identification number of any institution 
        to which the taxpayer paid qualified tuition and related 
        expenses taken into account under this section on the return of 
        tax for the taxable year.
            ``(C) Social security number defined.--For purposes of this 
        paragraph, the term `social security number' shall have the 
        meaning given such term in section 24(h)(7).''.
    (b) Omission Treated as Mathematical or Clerical Error.--Section 
6213(g)(2)(J) is amended by striking ``TIN'' and inserting ``social 
security number or employer identification number''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
SEC. 70607. TASK FORCE ON THE REPLACEMENT OF DIRECT FILE.
    Out of any money in the Treasury not otherwise appropriated, there 
is hereby appropriated for the fiscal year ending September 30, 2026, 
$15,000,000, to remain available until September 30, 2026, for 
necessary expenses of the Department of the Treasury to deliver to 
Congress, within 90 days following the date of the enactment of this 
Act, a report on--
        (1) the cost of enhancing and establishing public-private 
    partnerships which provide for free tax filing for up to 70 percent 
    of all taxpayers calculated by adjusted gross income, and to 
    replace any direct e-file programs run by the Internal Revenue 
    Service;
        (2) taxpayer opinions and preferences regarding a taxpayer-
    funded, government-run service or a free service provided by the 
    private sector;
        (3) assessment of the feasibility of a new approach, how to 
    make the options consistent and simple for taxpayers across all 
    participating providers, and how to provide features to address 
    taxpayer needs; and
        (4) the cost (including options for differential coverage based 
    on taxpayer adjusted gross income and return complexity) of 
    developing and running a free direct e-file tax return system, 
    including costs to build and administer each release.

                           Subtitle B--Health

                          CHAPTER 1--MEDICAID

    Subchapter A--Reducing Fraud and Improving Enrollment Processes

SEC. 71101. MORATORIUM ON IMPLEMENTATION OF RULE RELATING TO 
ELIGIBILITY AND ENROLLMENT IN MEDICARE SAVINGS PROGRAMS.
    (a) In General.--The Secretary of Health and Human Services shall 
not, during the period beginning on the date of the enactment of this 
section and ending September 30, 2034, implement, administer, or 
enforce the amendments made by the provisions of the final rule 
published by the Centers for Medicare & Medicaid Services on September 
21, 2023, and titled ``Streamlining Medicaid; Medicare Savings Program 
Eligibility Determination and Enrollment'' (88 Fed. Reg. 65230) to the 
following sections of title 42, Code of Federal Regulations:
        (1) Section 406.21(c).
        (2) Section 435.4.
        (3) Section 435.601.
        (4) Section 435.911.
        (5) Section 435.952.
    (b) Implementation Funding.--For the purposes of carrying out the 
provisions of this section and section 71102, there are appropriated, 
out of any monies in the Treasury not otherwise appropriated, to the 
Administrator of the Centers for Medicare & Medicaid Services, 
$1,000,000 for fiscal year 2026, to remain available until expended.
SEC. 71102. MORATORIUM ON IMPLEMENTATION OF RULE RELATING TO 
ELIGIBILITY AND ENROLLMENT FOR MEDICAID, CHIP, AND THE BASIC HEALTH 
PROGRAM.
    The Secretary of Health and Human Services shall not, during the 
period beginning on the date of the enactment of this section and 
ending September 30, 2034, implement, administer, or enforce the 
amendments made by the provisions of the final rule published by the 
Centers for Medicare & Medicaid Services on April 2, 2024, and titled 
``Medicaid Program; Streamlining the Medicaid, Children's Health 
Insurance Program, and Basic Health Program Application, Eligibility 
Determination, Enrollment, and Renewal Processes'' (89 Fed. Reg. 22780) 
to the following sections of title 42, Code of Federal Regulations:
        (1) Part 431.--
            (A) Section 431.213(d).
        (2) Part 435.--
            (A) Section 435.222.
            (B) Section 435.407.
            (C) Section 435.907.
            (D) Section 435.911(c).
            (E) Section 435.912.
            (F) Section 435.916.
            (G) Section 435.919.
            (H) Section 435.1200(b)(3)(i)-(v).
            (I) Section 435.1200(e )(1)(ii).
            (J) Section 435.1200(h)(1).
        (3) Part 447.--Section 447.56(a)(1)(v).
        (4) Part 457.--
            (A) Section 457.344.
            (B) Section 457.960.
            (C) Section 457.1140(d)(4).
            (D) Section 457.1170.
            (E) Section 457.1180.
SEC. 71103. REDUCING DUPLICATE ENROLLMENT UNDER THE MEDICAID AND CHIP 
PROGRAMS.
    (a) Medicaid.--
        (1) In general.--Section 1902 of the Social Security Act (42 
    U.S.C. 1396a) is amended--
            (A) in subsection (a)--
                (i) in paragraph (86), by striking ``and'' at the end;
                (ii) in paragraph (87), by striking the period and 
            inserting ``; and''; and
                (iii) by inserting after paragraph (87) the following 
            new paragraph:
        ``(88) provide--
            ``(A) beginning not later than January 1, 2027, in the case 
        of 1 of the 50 States and the District of Columbia, for a 
        process to regularly obtain address information for individuals 
        enrolled under such plan (or a waiver of such plan) in 
        accordance with subsection (vv); and
            ``(B) beginning not later than October 1, 2029--
                ``(i) for the State to submit to the system established 
            by the Secretary under subsection (uu), with respect to an 
            individual enrolled or seeking to enroll under such plan, 
            not less frequently than once each month and during each 
            determination or redetermination of the eligibility of such 
            individual for medical assistance under such plan (or 
            waiver of such plan)--

                    ``(I) the social security number of such 
                individual, if such individual has a social security 
                number and is required to provide such number to enroll 
                under such plan (or waiver); and
                    ``(II) such other information with respect to such 
                individual as determined necessary by the Secretary for 
                purposes of preventing individuals from simultaneously 
                being enrolled under State plans (or waivers of such 
                plans) of multiple States;

                ``(ii) for the use of such system to prevent such 
            simultaneous enrollment; and
                ``(iii) in the case that such system indicates that an 
            individual enrolled or seeking to enroll under such plan 
            (or waiver of such plan) is enrolled under a State plan (or 
            waiver of such a plan) of another State, for the taking of 
            appropriate action (as determined by the Secretary) to 
            identify whether such an individual resides in the State 
            and disenroll an individual from the State plan of such 
            State if such individual does not reside in such State 
            (unless such individual meets such an exception as the 
            Secretary may specify).''; and
            (B) by adding at the end the following new subsections:
    ``(uu) Prevention of Enrollment Under Multiple State Plans.--
        ``(1) In general.--Not later than October 1, 2029, the 
    Secretary shall establish a system to be utilized by the Secretary 
    and States to prevent an individual from being simultaneously 
    enrolled under the State plans (or waivers of such plans) of 
    multiple States. Such system shall--
            ``(A) provide for the receipt of information submitted by a 
        State under subsection (a)(88)(B)(i); and
            ``(B) not less than once each month, transmit information 
        to a State (or allow the Secretary to transmit information to a 
        State) regarding whether an individual enrolled or seeking to 
        enroll under the State plan of such State (or waiver of such 
        plan) is enrolled under the State plan (or waiver of such plan) 
        of another State.
        ``(2) Standards.--The Secretary shall establish such standards 
    as determined necessary by the Secretary to limit and protect 
    information submitted under such system and ensure the privacy of 
    such information, consistent with subsection (a)(7).
        ``(3) Implementation funding.--There are appropriated to the 
    Administrator of the Centers for Medicare & Medicaid Services, out 
    of amounts in the Treasury not otherwise appropriated, in addition 
    to amounts otherwise available--
            ``(A) for fiscal year 2026, $10,000,000 for purposes of 
        establishing the system and standards required under this 
        subsection, to remain available until expended; and
            ``(B) for fiscal year 2029, $20,000,000 for purposes of 
        maintaining such system, to remain available until expended.
    ``(vv) Process to Obtain Enrollee Address Information.--
        ``(1) In general.--For purposes of subsection (a)(88)(A), a 
    process to regularly obtain address information for individuals 
    enrolled under a State plan (or a waiver of such plan) shall obtain 
    address information from reliable data sources described in 
    paragraph (2) and take such actions as the Secretary shall specify 
    with respect to any changes to such address based on such 
    information.
        ``(2) Reliable data sources described.--For purposes of 
    paragraph (1), the reliable data sources described in this 
    paragraph are the following:
            ``(A) Mail returned to the State by the United States 
        Postal Service with a forwarding address.
            ``(B) The National Change of Address Database maintained by 
        the United States Postal Service.
            ``(C) A managed care entity (as defined in section 
        1932(a)(1)(B)) or prepaid inpatient health plan or prepaid 
        ambulatory health plan (as such terms are defined in section 
        1903(m)(9)(D)) that has a contract under the State plan if the 
        address information is provided to such entity or plan directly 
        from, or verified by such entity or plan directly with, such 
        individual.
            ``(D) Other data sources as identified by the State and 
        approved by the Secretary.''.
        (2) Conforming amendments.--
            (A) PARIS.--Section 1903(r)(3) of the Social Security Act 
        (42 U.S.C. 1396b(r)(3)) is amended--
                (i) by striking ``In order'' and inserting ``(A) In 
            order'';
                (ii) by striking ``through the Public'' and inserting 
            ``through--
            ``(i) the Public'';
                (iii) by striking the period at the end and inserting 
            ``; and
            ``(ii) beginning October 1, 2029, the system established by 
        the Secretary under section 1902(uu).''; and
                (iv) by adding at the end the following new 
            subparagraph:
        ``(B) Beginning October 1, 2029, the Secretary may determine 
    that a State is not required to have in operation an eligibility 
    determination system which provides for data matching (for purposes 
    of address verification under section 1902(vv)) through the system 
    described in subparagraph (A)(i) to meet the requirements of this 
    paragraph.''.
            (B) Managed care.--Section 1932 of the Social Security Act 
        (42 U.S.C. 1396u-2) is amended by adding at the end the 
        following new subsection:
    ``(j) Transmission of Address Information.--Beginning January 1, 
2027, each contract under a State plan with a managed care entity (as 
defined in section 1932(a)(1)(B)) or with a prepaid inpatient health 
plan or prepaid ambulatory health plan (as such terms are defined in 
section 1903(m)(9)(D)), shall provide that such entity or plan shall 
promptly transmit to the State any address information for an 
individual enrolled with such entity or plan that is provided to such 
entity or plan directly from, or verified by such entity or plan 
directly with, such individual.''.
    (b) CHIP.--
        (1) In general.--Section 2107(e)(1) of the Social Security Act 
    (42 U.S.C. 1397gg(e)(1)) is amended--
            (A) by redesignating subparagraphs (H) through (U) as 
        subparagraphs (I) through (V), respectively; and
            (B) by inserting after subparagraph (G) the following new 
        subparagraph:
            ``(H) Section 1902(a)(88) (relating to address information 
        for enrollees and prevention of simultaneous enrollments).''.
        (2) Managed care.--Section 2103(f)(3) of the Social Security 
    Act (42 U.S.C. 1397cc(f)(3)) is amended by striking ``and (e)'' and 
    inserting ``(e), and (j)''.
SEC. 71104. ENSURING DECEASED INDIVIDUALS DO NOT REMAIN ENROLLED.
    Section 1902 of the Social Security Act (42 U.S.C. 1396a), as 
amended by section 71103, is further amended--
        (1) in subsection (a)--
            (A) in paragraph (87), by striking ``; and'' and inserting 
        a semicolon;
            (B) in paragraph (88), by striking the period at the end 
        and inserting ``; and''; and
            (C) by inserting after paragraph (88) the following new 
        paragraph:
        ``(89) provide that the State shall comply with the eligibility 
    verification requirements under subsection (ww), except that this 
    paragraph shall apply only in the case of the 50 States and the 
    District of Columbia.''; and
        (2) by adding at the end the following new subsection:
    ``(ww) Verification of Certain Eligibility Criteria.--
        ``(1) In general.--For purposes of subsection (a)(89), the 
    eligibility verification requirements, beginning January 1, 2027, 
    are as follows:
            ``(A) Quarterly screening to verify enrollee status.--The 
        State shall, not less frequently than quarterly, review the 
        Death Master File (as such term is defined in section 203(d) of 
        the Bipartisan Budget Act of 2013) or a successor system that 
        provides such information needed to determine whether any 
        individuals enrolled for medical assistance under the State 
        plan (or waiver of such plan) are deceased.
            ``(B) Disenrollment under state plan.--If the State 
        determines, based on information obtained from the Death Master 
        File, that an individual enrolled for medical assistance under 
        the State plan (or waiver of such plan) is deceased, the State 
        shall--
                ``(i) treat such information as factual information 
            confirming the death of a beneficiary;
                ``(ii) disenroll such individual from the State plan 
            (or waiver of such plan) in accordance with subsection 
            (a)(3); and
                ``(iii) discontinue any payments for medical assistance 
            under this title made on behalf of such individual (other 
            than payments for any items or services furnished to such 
            individual prior to the death of such individual).
            ``(C) Reinstatement of coverage in the event of error.--If 
        a State determines that an individual was misidentified as 
        deceased based on information obtained from the Death Master 
        File and was erroneously disenrolled from medical assistance 
        under the State plan (or waiver of such plan) based on such 
        misidentification, the State shall immediately re-enroll such 
        individual under the State plan (or waiver of such plan), 
        retroactive to the date of such disenrollment.
        ``(2) Rule of construction.--Nothing under this subsection 
    shall be construed to preclude the ability of a State to use other 
    electronic data sources to timely identify potentially deceased 
    beneficiaries, so long as the State is also in compliance with the 
    requirements of this subsection (and all other requirements under 
    this title relating to Medicaid eligibility determination and 
    redetermination).''.
SEC. 71105. ENSURING DECEASED PROVIDERS DO NOT REMAIN ENROLLED.
    Section 1902(kk)(1) of the Social Security Act (42 U.S.C. 
1396a(kk)(1)) is amended--
        (1) by striking ``The State'' and inserting:
            ``(A) In general.--The State''; and
        (2) by adding at the end the following new subparagraph:
            ``(B) Provider screening against death master file.--
        Beginning January 1, 2028, as part of the enrollment (or 
        reenrollment or revalidation of enrollment) of a provider or 
        supplier under this title, and not less frequently than 
        quarterly during the period that such provider or supplier is 
        so enrolled, the State conducts a check of the Death Master 
        File (as such term is defined in section 203(d) of the 
        Bipartisan Budget Act of 2013) to determine whether such 
        provider or supplier is deceased.''.
SEC. 71106. PAYMENT REDUCTION RELATED TO CERTAIN ERRONEOUS EXCESS 
PAYMENTS UNDER MEDICAID.
    (a) In General.--Section 1903(u)(1) of the Social Security Act (42 
U.S.C. 1396b(u)(1)) is amended--
        (1) in subparagraph (A)--
            (A) by inserting ``for audits conducted by the Secretary, 
        or, at the option of the Secretary, audits conducted by the 
        State'' after ``exceeds 0.03''; and
            (B) by inserting ``, to the extent practicable'' before the 
        period at the end;
        (2) in subparagraph (B)--
            (A) by striking ``The Secretary'' and inserting ``(i) 
        Subject to clause (ii), the Secretary''; and
            (B) by adding at the end the following new clause:
        ``(ii) The amount waived under clause (i) for a fiscal year may 
    not exceed an amount equal to the erroneous excess payments for 
    medical assistance described in subparagraph (D)(i)(II) made for 
    such fiscal year that exceed the allowable error rate of 0.03.''.
        (3) in subparagraph (C), by striking ``he'' in each place it 
    appears and inserting ``the Secretary'' in each such place; and
        (4) in subparagraph (D)(i)--
            (A) in subclause (I), by striking ``and'' at the end;
            (B) in subclause (II), by striking the period at the end 
        and inserting ``, or payments where insufficient information is 
        available to confirm eligibility, and''; and
            (C) by adding at the end the following new subclause:
        ``(III) payments (other than payments described in subclause 
    (I)) for items and services furnished to an individual who is not 
    eligible for medical assistance under the State plan (or a waiver 
    of such plan) with respect to such items and services, or payments 
    where insufficient information is available to confirm 
    eligibility.''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply beginning with respect to fiscal year 2030.
SEC. 71107. ELIGIBILITY REDETERMINATIONS.
    (a) In General.--Section 1902(e)(14) of the Social Security Act (42 
U.S.C. 1396a(e)(14)) is amended by adding at the end the following new 
subparagraph:
            ``(L) Frequency of eligibility redeterminations for certain 
        individuals.--
                ``(i) In general.--Subject to clause (ii), with respect 
            to redeterminations of eligibility for medical assistance 
            under a State plan (or waiver of such plan) scheduled on or 
            after the first day of the first quarter that begins after 
            December 31, 2026, a State shall make such a 
            redetermination once every 6 months for the following 
            individuals:

                    ``(I) Individuals enrolled under subsection 
                (a)(10)(A)(i)(VIII).
                    ``(II) Individuals described in such subsection who 
                are otherwise enrolled under a waiver of such plan that 
                provides coverage that is equivalent to minimum 
                essential coverage (as described in section 
                5000A(f)(1)(A) of the Internal Revenue Code of 1986 and 
                determined in accordance with standards prescribed by 
                the Secretary in regulations) to all individuals 
                described in subsection (a)(10)(A)(i)(VIII).

                ``(ii) Exemption.--The requirements described in clause 
            (i) shall not apply to any individual described in 
            subsection (xx)(9)(A)(ii)(II).
                ``(iii) State defined.--For purposes of this 
            subparagraph, the term `State' means 1 of the 50 States or 
            the District of Columbia.''.
    (b) Guidance.--Not later than 180 days after the date of enactment 
of this section, the Secretary of Health and Human Services, acting 
through the Administrator of the Centers for Medicare & Medicaid 
Services, shall issue guidance relating to the implementation of the 
amendments made by this section.
    (c) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $75,000,000 for fiscal year 2026, to remain 
available until expended.
SEC. 71108. REVISING HOME EQUITY LIMIT FOR DETERMINING ELIGIBILITY FOR 
LONG-TERM CARE SERVICES UNDER THE MEDICAID PROGRAM.
    (a) Revising Home Equity Limit.--Section 1917(f)(1) of the Social 
Security Act (42 U.S.C. 1396p(f)(1)) is amended--
        (1) in subparagraph (B)--
            (A) by striking ``A State'' and inserting ``(i) A State'';
            (B) in clause (i), as inserted by subparagraph (A)--
                (i) by striking ```$500,000''' and inserting ``the 
            amount specified in subparagraph (A)''; and
                (ii) by inserting ``, in the case of an individual's 
            home that is located on a lot that is zoned for 
            agricultural use,'' after ``apply subparagraph (A)''; and
            (C) by adding at the end the following new clause:
        ``(ii) A State may elect, without regard to the requirements of 
    section 1902(a)(1) (relating to statewideness) and section 
    1902(a)(10)(B) (relating to comparability), to apply subparagraph 
    (A), in the case of an individual's home that is not described in 
    clause (i), by substituting for the amount specified in such 
    subparagraph, an amount that exceeds such amount, but does not 
    exceed $1,000,000.''; and
        (2) in subparagraph (C)--
            (A) by inserting ``(other than the amount specified in 
        subparagraph (B)(ii) (relating to certain non-agricultural 
        homes))'' after ``specified in this paragraph''; and
            (B) by adding at the end the following new sentence: ``In 
        the case that application of the preceding sentence would 
        result in a dollar amount (other than the amount specified in 
        subparagraph (B)(i) (relating to certain agricultural homes)) 
        exceeding $1,000,000, such amount shall be deemed to be equal 
        to $1,000,000.''.
    (b) Clarification.--Section 1902 of the Social Security Act (42 
U.S.C. 1396a) is amended--
        (1) in subsection (r)(2), by adding at the end the following 
    new subparagraph:
    ``(C) This paragraph shall not be construed as permitting a State 
to determine the eligibility of an individual for medical assistance 
with respect to nursing facility services or other long-term care 
services without application of the limit under section 1917(f)(1).''; 
and
        (2) in subsection (e)(14)(D)(iv)--
            (A) by striking ``Subparagraphs'' and inserting

                    ``(I) In general.--Subparagraphs''; and

            (B) by adding at the end the following new subclause:

                    ``(II) Application of home equity interest limit.--
                Section 1917(f) shall apply for purposes of determining 
                the eligibility of an individual for medical assistance 
                with respect to nursing facility services or other 
                long-term care services.''.

    (c) Effective Date.--The amendments made by subsection (a) shall 
apply beginning on January 1, 2028.
SEC. 71109. ALIEN MEDICAID ELIGIBILITY.
    (a) Medicaid.--Section 1903(v) of the Social Security Act (42 
U.S.C. 1396b(v)) is amended--
        (1) in paragraph (1), by striking ``and (4)''and inserting ``, 
    (4), and (5)''; and
        (2) by adding at the end the following new paragraph:
    ``(5) Notwithstanding the preceding paragraphs of this subsection, 
beginning on October 1, 2026, except as provided in paragraphs (2) and 
(4), in no event shall payment be made to a State under this section 
for medical assistance furnished to an individual unless such 
individual is--
        ``(A) a resident of 1 of the 50 States, the District of 
    Columbia, or a territory of the United States; and
        ``(B) either--
            ``(i) a citizen or national of the United States;
            ``(ii) an alien lawfully admitted for permanent residence 
        as an immigrant as defined by sections 101(a)(15) and 
        101(a)(20) of the Immigration and Nationality Act, excluding, 
        among others, alien visitors, tourists, diplomats, and students 
        who enter the United States temporarily with no intention of 
        abandoning their residence in a foreign country;
            ``(iii) an alien who has been granted the status of Cuban 
        and Haitian entrant, as defined in section 501(e) of the 
        Refugee Education Assistance Act of 1980 (Public Law 96-422); 
        or
            ``(iv) an individual who lawfully resides in the United 
        States in accordance with a Compact of Free Association 
        referred to in section 402(b)(2)(G) of the Personal 
        Responsibility and Work Opportunity Reconciliation Act of 
        1996.''.
    (b) CHIP.--Section 2107(e)(1) of the Social Security Act, as 
amended by section 71103(b), is further amended--
        (1) by redesignating subparagraphs (R) through (V) as 
    paragraphs (S) through (W), respectively; and
        (2) by inserting after paragraph (Q) the following:
            ``(R) Section 1903(v)(5) (relating to payments for medical 
        assistance furnished to aliens), except in relation to payments 
        for services provided under section 2105(a)(1)(D)(ii).''.
    (c) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $15,000,000 for fiscal year 2026, to remain 
available until expended.
SEC. 71110. EXPANSION FMAP FOR EMERGENCY MEDICAID.
    (a) In General.--Section 1905 of the Social Security Act (42 U.S.C. 
1396d) is amended by adding at the end the following new subsection:
    ``(kk) FMAP for Treatment of an Emergency Medical Condition.--
Notwithstanding subsection (y) and (z), beginning on October 1, 2026, 
the Federal medical assistance percentage for payments for care and 
services described in paragraph (2) of subsection 1903(v) furnished to 
an alien described in paragraph (1) of such subsection shall not exceed 
the Federal medical assistance percentage determined under subsection 
(b) for such State.''.
    (b) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $1,000,000 for fiscal year 2026, to remain available 
until expended.

               Subchapter B--Preventing Wasteful Spending

SEC. 71111. MORATORIUM ON IMPLEMENTATION OF RULE RELATING TO STAFFING 
STANDARDS FOR LONG-TERM CARE FACILITIES UNDER THE MEDICARE AND MEDICAID 
PROGRAMS.
    The Secretary of Health and Human Services shall not, during the 
period beginning on the date of the enactment of this section and 
ending September 30, 2034, implement, administer, or enforce the 
amendments made by the provisions of the final rule published by the 
Centers for Medicare & Medicaid Services on May 10, 2024, and titled 
``Medicare and Medicaid Programs; Minimum Staffing Standards for Long-
Term Care Facilities and Medicaid Institutional Payment Transparency 
Reporting'' (89 Fed. Reg. 40876) to the following sections of part 483 
of title 42, Code of Federal Regulations:
        (1) Section 483.5.
        (2) Section 483.35.
SEC. 71112. REDUCING STATE MEDICAID COSTS.
    (a) In General.--Section 1902(a)(34) of the Social Security Act (42 
U.S.C. 1396a(a)(34)) is amended to read as follows:
        ``(34) provide that in the case of any individual who has been 
    determined to be eligible for medical assistance under the plan 
    and--
            ``(A) is enrolled under paragraph (10)(A)(i)(VIII), such 
        assistance will be made available to the individual for care 
        and services included under the plan and furnished in or after 
        the month before the month in which the individual made 
        application (or application was made on the individual's behalf 
        in the case of a deceased individual) for such assistance if 
        such individual was (or upon application would have been) 
        eligible for such assistance at the time such care and services 
        were furnished; or
            ``(B) is not described in subparagraph (A), such assistance 
        will be made available to the individual for care and services 
        included under the plan and furnished in or after the second 
        month before the month in which the individual made application 
        (or application was made on the individual's behalf in the case 
        of a deceased individual) for such assistance if such 
        individual was (or upon application would have been) eligible 
        for such assistance at the time such care and services were 
        furnished;''.
    (b) Definition of Medical Assistance.--Section 1905(a) of the 
Social Security Act (42 U.S.C. 1396d(a)) is amended by striking ``in or 
after the third month before the month in which the recipient makes 
application for assistance'' and inserting ``, with respect to an 
individual described in section 1902(a)(34)(A), in or after the month 
before the month in which the recipient makes application for 
assistance, and with respect to an individual described in section 
1902(a)(34)(B), in or after the second month before the month in which 
the recipient makes application for assistance''.
    (c) CHIP.--Section 2102(b)(1)(B) of the Social Security Act (42 
U.S.C. 1397bb(b)(1)(B)) is amended--
        (1) in clause (iv), by striking ``and'' at the end;
        (2) in clause (v), by striking the period and inserting ``; 
    and''; and
        (3) by adding at the end the following new clause:
                ``(vi) shall, in the case that the State elects to 
            provide child health or pregnancy-related assistance to an 
            individual for any period prior to the month in which the 
            individual made application for such assistance (or 
            application was made on behalf of the individual), provide 
            that such assistance is not made available to such 
            individual for items and services included under the State 
            child health plan (or waiver of such plan) that are 
            furnished before the second month preceding the month in 
            which such individual made application (or application was 
            made on behalf of such individual) for assistance.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to medical assistance, child health assistance, and pregnancy-
related assistance with respect to individuals whose eligibility for 
such medical assistance, child health assistance, or pregnancy-related 
assistance is based on an application made on or after the first day of 
the first quarter that begins after December 31, 2026.
    (e) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $10,000,000 for fiscal year 2026, to remain 
available until expended.
SEC. 71113. FEDERAL PAYMENTS TO PROHIBITED ENTITIES.
    (a) In General.--No Federal funds that are considered direct 
spending and provided to carry out a State plan under title XIX of the 
Social Security Act or a waiver of such a plan shall be used to make 
payments to a prohibited entity for items and services furnished during 
the 1-year period beginning on the date of the enactment of this Act, 
including any payments made directly to the prohibited entity or under 
a contract or other arrangement between a State and a covered 
organization.
    (b) Definitions.--In this section:
        (1) Prohibited entity.--The term ``prohibited entity'' means an 
    entity, including its affiliates, subsidiaries, successors, and 
    clinics--
            (A) that, as of the first day of the first quarter 
        beginning after the date of enactment of this Act--
                (i) is an organization described in section 501(c)(3) 
            of the Internal Revenue Code of 1986 and exempt from tax 
            under section 501(a) of such Code;
                (ii) is an essential community provider described in 
            section 156.235 of title 45, Code of Federal Regulations 
            (as in effect on the date of enactment of this Act), that 
            is primarily engaged in family planning services, 
            reproductive health, and related medical care; and
                (iii) provides for abortions, other than an abortion--

                    (I) if the pregnancy is the result of an act of 
                rape or incest; or
                    (II) in the case where a woman suffers from a 
                physical disorder, physical injury, or physical 
                illness, including a life-endangering physical 
                condition caused by or arising from the pregnancy 
                itself, that would, as certified by a physician, place 
                the woman in danger of death unless an abortion is 
                performed; and

            (B) for which the total amount of Federal and State 
        expenditures under the Medicaid program under title XIX of the 
        Social Security Act for medical assistance furnished in fiscal 
        year 2023 made directly, or by a covered organization, to the 
        entity or to any affiliates, subsidiaries, successors, or 
        clinics of the entity, or made to the entity or to any 
        affiliates, subsidiaries, successors, or clinics of the entity 
        as part of a nationwide health care provider network, exceeded 
        $800,000.
        (2) Direct spending.--The term ``direct spending'' has the 
    meaning given that term under section 250(c) of the Balanced Budget 
    and Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c)).
        (3) Covered organization.--The term ``covered organization'' 
    means a managed care entity (as defined in section 1932(a)(1)(B) of 
    the Social Security Act (42 U.S.C. 1396u-2(a)(1)(B))) or a prepaid 
    inpatient health plan or prepaid ambulatory health plan (as such 
    terms are defined in section 1903(m)(9)(D) of such Act (42 U.S.C. 
    1396b(m)(9)(D))).
        (4) State.--The term ``State'' has the meaning given such term 
    in section 1101 of the Social Security Act (42 U.S.C. 1301).
    (c) Implementation Funding.--For the purposes of carrying out this 
section, there are appropriated, out of any monies in the Treasury not 
otherwise appropriated, to the Administrator of the Centers for 
Medicare & Medicaid Services, $1,000,000 for fiscal year 2026, to 
remain available until expended.

           Subchapter C--Stopping Abusive Financing Practices

SEC. 71114. SUNSETTING INCREASED FMAP INCENTIVE.
    Section 1905(ii)(3) of the Social Security Act (42 U.S.C. 
1396d(ii)(3)) is amended--
        (1) by striking ``which has not'' and inserting the following: 
    ``which--
            ``(A) has not'';
        (2) in subparagraph (A), as so inserted, by striking the period 
    at the end and inserting ``; and''; and
        (3) by adding at the end the following new subparagraph:
            ``(B) begins to expend amounts for all such individuals 
        prior to January 1, 2026.''.
SEC. 71115. PROVIDER TAXES.
    (a) Change in Threshold for Hold Harmless Provision of Broad-based 
Health Care Related Taxes.--Section 1903(w)(4) of the Social Security 
Act (42 U.S.C. 1396b(w)(4)) is amended--
        (1) in subparagraph (C)(ii), by inserting ``, and for fiscal 
    years beginning on or after October 1, 2026, the applicable percent 
    determined under subparagraph (D) shall be substituted for `6 
    percent' each place it appears'' after ``each place it appears''; 
    and
        (2) by inserting after subparagraph (C)(ii), the following new 
    subparagraph:
        ``(D)(i) For purposes of subparagraph (C)(ii), the applicable 
    percent determined under this subparagraph is--
            ``(I) in the case of a non-expansion State or unit of local 
        government in such State and a class of health care items or 
        services described in section 433.56(a) of title 42, Code of 
        Federal Regulations (as in effect on May 1, 2025)--
                ``(aa) if, on the date of enactment of this 
            subparagraph, the non-expansion State or unit of local 
            government in such State has enacted a tax and imposes such 
            tax on such class and the Secretary determines that the tax 
            is within the hold harmless threshold as of that date, the 
            applicable percent of net patient revenue attributable to 
            such class that has been so determined; and
                ``(bb) if, on the date of enactment of this 
            subparagraph, the non-expansion State or unit of local 
            government in such State has not enacted or does not impose 
            a tax with respect to such class, 0 percent; and
            ``(II) in the case of an expansion State or unit of local 
        government in such State and a class of health care items or 
        services described in section 433.56(a) of title 42, Code of 
        Federal Regulations (as in effect on May 1, 2025), subject to 
        clause (iv)--
                ``(aa) if, on the date of enactment of this 
            subparagraph, the expansion State or unit of local 
            government in such State has enacted a tax and imposes such 
            tax on such class and the Secretary determines that the tax 
            is within the hold harmless threshold as of that date, the 
            lower of--

                    ``(AA) the applicable percent of net patient 
                revenue attributable to such class that has been so 
                determined; and
                    ``(BB) the applicable percent specified in clause 
                (ii) for the fiscal year; and

                ``(bb) if, on the date of enactment of this 
            subparagraph, the expansion State or unit of local 
            government in such State has not enacted or does not impose 
            a tax with respect to such class, 0 percent.
            ``(ii) For purposes of clause (i)(II)(aa)(BB), the 
        applicable percent is--
                ``(I) for fiscal year 2028, 5.5 percent;
                ``(II) for fiscal year 2029, 5 percent;
                ``(III) for fiscal year 2030, 4.5 percent;
                ``(IV) for fiscal year 2031, 4 percent; and
                ``(V) for fiscal year 2032 and each subsequent fiscal 
            year, 3.5 percent.
            ``(iii) For purposes of clause (i):
                ``(I) Expansion state.--The term `expansion State' 
            means a State that, beginning on January 1, 2014, or on any 
            date thereafter, elects to provide medical assistance to 
            all individuals described in section 
            1902(a)(10)(A)(i)(VIII) under the State plan under this 
            title or under a waiver of such plan.
                ``(II) Non-expansion state.--The term `non-expansion 
            State' means a State that is not an expansion State.
            ``(iv) In the case of a tax of an expansion State or unit 
        of local government in such State in effect on the date of 
        enactment of this clause, that applies to a class of health 
        care items or services that is described in paragraph (3) or 
        (4) of section 433.56(a) of title 42, Code of Federal 
        Regulations (as in effect on May 1, 2025), and for which, on 
        such date of enactment, is within the hold harmless threshold 
        (as determined by the Secretary), the applicable percent of net 
        patient revenue attributable to such class that has been so 
        determined shall apply for a fiscal year instead of the 
        applicable percent specified in clause (ii) for the fiscal 
        year.''.
    (b) Non-application to Territories.--The amendments made by this 
section shall only apply with respect to a State that is 1 of the 50 
States or the District of Columbia.
    (c) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $20,000,000 for fiscal year 2026, to remain 
available until expended.
SEC. 71116. STATE DIRECTED PAYMENTS.
    (a) In General.--Subject to subsection (b), the Secretary of Health 
and Human Services (in this section referred to as the Secretary) shall 
revise section 438.6(c)(2)(iii) of title 42, Code of Federal 
Regulations (or a successor regulation) such that, with respect to a 
payment described in such section made for a service furnished during a 
rating period beginning on or after the date of the enactment of this 
Act, the total payment rate for such service is limited to--
        (1) in the case of a State that provides coverage to all 
    individuals described in section 1902(a)(10)(A)(i)(VIII) of the 
    Social Security Act (42 U.S.C. 1396a(a)(10)(A)(i)(VIII)) that is 
    equivalent to minimum essential coverage (as described in section 
    5000A(f)(1)(A) of the Internal Revenue Code of 1986 and determined 
    in accordance with standards prescribed by the Secretary in 
    regulations) under the State plan (or waiver of such plan) of such 
    State under title XIX of such Act, 100 percent of the specified 
    total published Medicare payment rate (or, in the absence of a 
    specified total published Medicare payment rate, the payment rate 
    under a Medicaid State plan (or under a waiver of such plan)); or
        (2) in the case of a State other than a State described in 
    paragraph (1), 110 percent of the specified total published 
    Medicare payment rate (or, in the absence of a specified total 
    published Medicare payment rate, the payment rate under a Medicaid 
    State plan (or under a waiver of such plan)).
    (b) Grandfathering Certain Payments.--In the case of a payment 
described in section 438.6(c)(2)(iii) of title 42, Code of Federal 
Regulations (or a successor regulation) for which written prior 
approval (or a good faith effort to receive such approval, as 
determined by the Secretary) was made before May 1, 2025, or a payment 
described in such section for a rural hospital (as defined in 
subsection (d)(2)) for which written prior approval (or a good faith 
effort to receive such approval, as determined by the Secretary) was 
made by the date of enactment of this Act, for the rating period 
occurring within 180 days of the date of the enactment of this Act, or 
a payment so described for such rating period for which a completed 
preprint was submitted to the Secretary prior to the date of enactment 
of this Act, beginning with the rating period on or after January 1, 
2028, the total amount of such payment shall be reduced by 10 
percentage points each year until the total payment rate for such 
service is equal to the rate for such service specified in subsection 
(a).
    (c) Treatment of Expansion States.--The revisions described in 
subsection (a) shall provide that, with respect to a State that begins 
providing the coverage described in paragraph (1) of such subsection on 
or after the date of the enactment of this Act, the limitation 
described in such paragraph shall apply to such State with respect to a 
payment described in section 438.6(c)(2)(iii) of title 42, Code of 
Federal Regulations (or a successor regulation) for a service furnished 
during a rating period beginning on or after the date of enactment of 
this Act.
    (d) Definitions.--In this section:
        (1) Rating period.--The term ``rating period'' has the meaning 
    given such term in section 438.2 of title 42, Code of Federal 
    Regulations (or a successor regulation).
        (2) Rural hospital.--The term ``rural hospital'' means the 
    following:
            (A) A subsection (d) hospital (as defined in paragraph 
        (1)(B) of section 1886(d) of the Social Security Act (42 U.S.C. 
        1395ww(d))) that--
                (i) is located in a rural area (as defined in paragraph 
            (2)(D) of such section);
                (ii) is treated as being located in a rural area 
            pursuant to paragraph (8)(E) of such section; or
                (iii) is located in a rural census tract of a 
            metropolitan statistical area (as determined under the most 
            recent modification of the Goldsmith Modification, 
            originally published in the Federal Register on February 
            27, 1992 (57 Fed. Reg. 6725)).
            (B) A critical access hospital (as defined in section 
        1861(mm)(1) of such Act (42 U.S.C. 1395x(mm)(1))).
            (C) A sole community hospital (as defined in section 
        1886(d)(5)(D)(iii) of such Act (42 U.S.C. 
        1395ww(d)(5)(D)(iii))).
            (D) A Medicare-dependent, small rural hospital (as defined 
        in section 1886(d)(5)(G)(iv) of such Act (42 U.S.C. 
        1395ww(d)(5)(G)(iv))).
            (E) A low-volume hospital (as defined in section 
        1886(d)(12)(C) of such Act (42 U.S.C. 1395ww(d)(12)(C))).
            (F) A rural emergency hospital (as defined in section 
        1861(kkk)(2) of such Act (42 U.S.C. 1395x(kkk)(2))).
        (3) State.--The term ``State'' means 1 of the 50 States or the 
    District of Columbia.
        (4) Total published medicare payment rate.--The term ``total 
    published Medicare payment rate'' has the meaning given to such 
    term in section 438.6(a) of title 42, Code of Federal Regulations 
    (or a successor regulation).
        (5) Written prior approval.--The term ``written prior 
    approval'' has the meaning given to such term in section 
    438.6(c)(2)(i) of title 42, Code of Federal Regulations (or a 
    successor regulation).
    (e) Funding.--There are appropriated out of any monies in the 
Treasury not otherwise appropriated $7,000,000 for each of fiscal years 
2026 through 2033 for purposes of carrying out this section, to remain 
available until expended.
SEC. 71117. REQUIREMENTS REGARDING WAIVER OF UNIFORM TAX REQUIREMENT 
FOR MEDICAID PROVIDER TAX.
    (a) In General.--Section 1903(w) of the Social Security Act (42 
U.S.C. 1396b(w)) is amended--
        (1) in paragraph (3)(E), by inserting after clause (ii)(II) the 
    following new clause:
    ``(iii) For purposes of clause (ii)(I), a tax is not considered to 
be generally redistributive if any of the following conditions apply:
        ``(I) Within a permissible class, the tax rate imposed on any 
    taxpayer or tax rate group (as defined in paragraph (7)(J)) 
    explicitly defined by its relatively lower volume or percentage of 
    Medicaid taxable units (as defined in paragraph (7)(H)) is lower 
    than the tax rate imposed on any other taxpayer or tax rate group 
    explicitly defined by its relatively higher volume or percentage of 
    Medicaid taxable units.
        ``(II) Within a permissible class, the tax rate imposed on any 
    taxpayer or tax rate group (as so defined) based upon its Medicaid 
    taxable units (as so defined) is higher than the tax rate imposed 
    on any taxpayer or tax rate group based upon its non-Medicaid 
    taxable unit (as defined in paragraph (7)(I)).
        ``(III) The tax excludes or imposes a lower tax rate on a 
    taxpayer or tax rate group (as so defined) based on or defined by 
    any description that results in the same effect as described in 
    subclause (I) or (II) for a taxpayer or tax rate group. 
    Characteristics that may indicate such type of exclusion include 
    the use of terminology to establish a tax rate group--
            ``(aa) based on payments or expenditures made under the 
        program under this title without mentioning the term `Medicaid' 
        (or any similar term) to accomplish the same effect as 
        described in subclause (I) or (II); or
            ``(bb) that closely approximates a taxpayer or tax rate 
        group under the program under this title, to the same effect as 
        described in subclause (I) or (II).''; and
        (2) in paragraph (7), by adding at the end the following new 
    subparagraphs:
        ``(H) The term `Medicaid taxable unit' means a unit that is 
    being taxed within a health care related tax that is applicable to 
    the program under this title. Such term includes a unit that is 
    used as the basis for--
            ``(i) payment under the program under this title (such as 
        Medicaid bed days);
            ``(ii) Medicaid revenue;
            ``(iii) costs associated with the program under this title 
        (such as Medicaid charges, claims, or expenditures); and
            ``(iv) other units associated with the program under this 
        title, as determined by the Secretary.
        ``(I) The term `non-Medicaid taxable unit' means a unit that is 
    being taxed within a health care related tax that is not applicable 
    to the program under this title. Such term includes a unit that is 
    used as the basis for--
            ``(i) payment by non-Medicaid payers (such as non-Medicaid 
        bed days);
            ``(ii) non-Medicaid revenue;
            ``(iii) costs that are not associated with the program 
        under this title (such as non-Medicaid charges, non-Medicaid 
        claims, or non-Medicaid expenditures); and
            ``(iv) other units not associated with the program under 
        this title, as determined by the Secretary.
        ``(J) The term `tax rate group' means a group of entities 
    contained within a permissible class of a health care related tax 
    that are taxed at the same rate.''.
    (b) Non-application to Territories.--The amendments made by this 
section shall only apply with respect to a State that is 1 of the 50 
States or the District of Columbia.
    (c) Effective Date.--The amendments made by this section shall take 
effect upon the date of enactment of this Act, subject to any 
applicable transition period determined appropriate by the Secretary of 
Health and Human Services, not to exceed 3 fiscal years.
SEC. 71118. REQUIRING BUDGET NEUTRALITY FOR MEDICAID DEMONSTRATION 
PROJECTS UNDER SECTION 1115.
    (a) In General.--Section 1115 of the Social Security Act (42 U.S.C. 
1315) is amended by adding at the end the following new subsection:
    ``(g) Requirement of Budget Neutrality for Medicaid Demonstration 
Projects.--
        ``(1) In general.--Beginning January 1 2027, the Secretary may 
    not approve an application for (or renewal or amendment of) an 
    experimental, pilot, or demonstration project undertaken under 
    subsection (a) to promote the objectives of title XIX in a State 
    (in this subsection referred to as a `Medicaid demonstration 
    project') unless the Chief Actuary for the Centers for Medicare & 
    Medicaid Services certifies that such project, or, in the case of a 
    renewal, the duration of the preceding waiver, is not expected to 
    result in an increase in the amount of Federal expenditures 
    compared to the amount that such expenditures would otherwise be in 
    the absence of such project. For purposes of this subsection, 
    expenditures for the coverage of populations and services that the 
    State could have otherwise provided through its Medicaid State plan 
    or other authority under title XIX, including expenditures that 
    could be made under such authority but for the provision of such 
    services at a different site of service than authorized under such 
    State plan or other authority, shall be considered expenditures in 
    the absence of such a project.
        ``(2) Treatment of savings.--In the event that expenditures 
    with respect to a State under a Medicaid demonstration project are, 
    during an approval period for such project, less than the amount of 
    such expenditures that would have otherwise been made in the 
    absence of such project, the Secretary shall specify the 
    methodology to be used with respect to the subsequent approval 
    period for such project for purposes of taking the difference 
    between such expenditures into account.''.
    (b) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $5,000,000 for each of fiscal years 2026 and 2027, 
to remain available until expended.

            Subchapter D--Increasing Personal Accountability

SEC. 71119. REQUIREMENT FOR STATES TO ESTABLISH MEDICAID COMMUNITY 
ENGAGEMENT REQUIREMENTS FOR CERTAIN INDIVIDUALS.
    (a) In General.--Section 1902 of the Social Security Act (42 U.S.C. 
1396a), as amended by sections 71103 and 71104, is further amended by 
adding at the end the following new subsection:
    ``(xx) Community Engagement Requirement for Applicable 
Individuals.--
        ``(1) In general.--Except as provided in paragraph (11), 
    beginning not later than the first day of the first quarter that 
    begins after December 31, 2026, or, at the option of the State 
    under a waiver or demonstration project under section 1115 or the 
    State plan, such earlier date as the State may specify, subject to 
    the succeeding provisions of this subsection, a State shall 
    provide, as a condition of eligibility for medical assistance for 
    an applicable individual, that such individual is required to 
    demonstrate community engagement under paragraph (2)--
            ``(A) in the case of an applicable individual who has filed 
        an application for medical assistance under a State plan (or a 
        waiver of such plan) under this title, for 1 or more but not 
        more than 3 (as specified by the State) consecutive months 
        immediately preceding the month during which such individual 
        applies for such medical assistance; and
            ``(B) in the case of an applicable individual enrolled and 
        receiving medical assistance under a State plan (or under a 
        waiver of such plan) under this title, for 1 or more (as 
        specified by the State) months, whether or not consecutive--
                ``(i) during the period between such individual's most 
            recent determination (or redetermination, as applicable) of 
            eligibility and such individual's next regularly scheduled 
            redetermination of eligibility (as verified by the State as 
            part of such regularly scheduled redetermination of 
            eligibility); or
                ``(ii) in the case of a State that has elected under 
            paragraph (4) to conduct more frequent verifications of 
            compliance with the requirement to demonstrate community 
            engagement, during the period between the most recent and 
            next such verification with respect to such individual.
        ``(2) Community engagement compliance described.--Subject to 
    paragraph (3), an applicable individual demonstrates community 
    engagement under this paragraph for a month if such individual 
    meets 1 or more of the following conditions with respect to such 
    month, as determined in accordance with criteria established by the 
    Secretary through regulation:
            ``(A) The individual works not less than 80 hours.
            ``(B) The individual completes not less than 80 hours of 
        community service.
            ``(C) The individual participates in a work program for not 
        less than 80 hours.
            ``(D) The individual is enrolled in an educational program 
        at least half-time.
            ``(E) The individual engages in any combination of the 
        activities described in subparagraphs (A) through (D), for a 
        total of not less than 80 hours.
            ``(F) The individual has a monthly income that is not less 
        than the applicable minimum wage requirement under section 6 of 
        the Fair Labor Standards Act of 1938, multiplied by 80 hours.
            ``(G) The individual had an average monthly income over the 
        preceding 6 months that is not less than the applicable minimum 
        wage requirement under section 6 of the Fair Labor Standards 
        Act of 1938 multiplied by 80 hours, and is a seasonal worker, 
        as described in section 45R(d)(5)(B) of the Internal Revenue 
        Code of 1986 .
        ``(3) Exceptions.--
            ``(A) Mandatory exception for certain individuals.--The 
        State shall deem an applicable individual to have demonstrated 
        community engagement under paragraph (2) for a month, and may 
        elect to not require an individual to verify information 
        resulting in such deeming, if--
                ``(i) for part or all of such month, the individual--

                    ``(I) was a specified excluded individual (as 
                defined in paragraph (9)(A)(ii)); or
                    ``(II) was--

                        ``(aa) under the age of 19;
                        ``(bb) entitled to, or enrolled for, benefits 
                    under part A of title XVIII, or enrolled for 
                    benefits under part B of title XVIII; or
                        ``(cc) described in any of subclauses (I) 
                    through (VII) of subsection (a)(10)(A)(i); or
                ``(ii) at any point during the 3-month period ending on 
            the first day of such month, the individual was an inmate 
            of a public institution.
            ``(B) Optional exception for short-term hardship events.--
                ``(i) In general.--The State plan (or waiver of such 
            plan) may provide, in the case of an applicable individual 
            who experiences a short-term hardship event during a month, 
            that the State shall, under procedures established by the 
            State (in accordance with standards specified by the 
            Secretary), in the case of a short-term hardship event 
            described in clause (ii)(II) and, upon the request of such 
            individual, a short-term hardship event described in 
            subclause (I) or (III) of clause (ii), deem such individual 
            to have demonstrated community engagement under paragraph 
            (2) for such month.
                ``(ii) Short-term hardship event defined.--For purposes 
            of this subparagraph, an applicable individual experiences 
            a short-term hardship event during a month if, for part or 
            all of such month--

                    ``(I) such individual receives inpatient hospital 
                services, nursing facility services, services in an 
                intermediate care facility for individuals with 
                intellectual disabilities, inpatient psychiatric 
                hospital services, or such other services of similar 
                acuity (including outpatient care relating to other 
                services specified in this subclause) as the Secretary 
                determines appropriate;
                    ``(II) such individual resides in a county (or 
                equivalent unit of local government)--

                        ``(aa) in which there exists an emergency or 
                    disaster declared by the President pursuant to the 
                    National Emergencies Act or the Robert T. Stafford 
                    Disaster Relief and Emergency Assistance Act; or
                        ``(bb) that, subject to a request from the 
                    State to the Secretary, made in such form, at such 
                    time, and containing such information as the 
                    Secretary may require, has an unemployment rate 
                    that is at or above the lesser of--
                            ``(AA) 8 percent; or
                            ``(BB) 1.5 times the national unemployment 
                        rate; or

                    ``(III) such individual or their dependent must 
                travel outside of their community for an extended 
                period of time to receive medical services necessary to 
                treat a serious or complex medical condition (as 
                described in paragraph (9)(A)(ii)(V)(ee)) that are not 
                available within their community of residence.

        ``(4) Option to conduct more frequent compliance 
    verifications.--With respect to an applicable individual enrolled 
    and receiving medical assistance under a State plan (or a waiver of 
    such plan) under this title, the State shall verify (in accordance 
    with procedures specified by the Secretary) that each such 
    individual has met the requirement to demonstrate community 
    engagement under paragraph (1) during each such individual's 
    regularly scheduled redetermination of eligibility, except that a 
    State may provide for such verifications more frequently.
        ``(5) Ex parte verifications.--For purposes of verifying that 
    an applicable individual has met the requirement to demonstrate 
    community engagement under paragraph (1), or determining such 
    individual to be deemed to have demonstrated community engagement 
    under paragraph (3), or that an individual is a specified excluded 
    individual under paragraph (9)(A)(ii), the State shall, in 
    accordance with standards established by the Secretary, establish 
    processes and use reliable information available to the State (such 
    as payroll data or payments or encounter data under this title for 
    individuals and data on payments to such individuals for the 
    provision of services covered under this title) without requiring, 
    where possible, the applicable individual to submit additional 
    information.
        ``(6) Procedure in the case of noncompliance.--
            ``(A) In general.--If a State is unable to verify that an 
        applicable individual has met the requirement to demonstrate 
        community engagement under paragraph (1) (including, if 
        applicable, by verifying that such individual was deemed to 
        have demonstrated community engagement under paragraph (3)) the 
        State shall (in accordance with standards specified by the 
        Secretary)--
                ``(i) provide such individual with the notice of 
            noncompliance described in subparagraph (B);
                ``(ii)(I) provide such individual with a period of 30 
            calendar days, beginning on the date on which such notice 
            of noncompliance is received by the individual, to--

                    ``(aa) make a satisfactory showing to the State of 
                compliance with such requirement (including, if 
                applicable, by showing that such individual was or 
                should be deemed to have demonstrated community 
                engagement under paragraph (3)); or
                    ``(bb) make a satisfactory showing to the State 
                that such requirement does not apply to such individual 
                on the basis that such individual does not meet the 
                definition of applicable individual under paragraph 
                (9)(A); and

                ``(II) if such individual is enrolled under the State 
            plan (or a waiver of such plan) under this title, continue 
            to provide such individual with medical assistance during 
            such 30-calendar-day period; and
                ``(iii) if no such satisfactory showing is made and the 
            individual is not a specified excluded individual described 
            in paragraph (9)(A)(ii), deny such individual's application 
            for medical assistance under the State plan (or waiver of 
            such plan) or, as applicable, disenroll such individual 
            from the plan (or waiver of such plan) not later than the 
            end of the month following the month in which such 30-
            calendar-day period ends, provided that--

                    ``(I) the State first determines whether, with 
                respect to the individual, there is any other basis for 
                eligibility for medical assistance under the State plan 
                (or waiver of such plan) or for another insurance 
                affordability program; and
                    ``(II) the individual is provided written notice 
                and granted an opportunity for a fair hearing in 
                accordance with subsection (a)(3).

            ``(B) Notice.--The notice of noncompliance provided to an 
        applicable individual under subparagraph (A)(i) shall include 
        information (in accordance with standards specified by the 
        Secretary) on--
                ``(i) how such individual may make a satisfactory 
            showing of compliance with such requirement (as described 
            in subparagraph (A)(ii)) or make a satisfactory showing 
            that such requirement does not apply to such individual on 
            the basis that such individual does not meet the definition 
            of applicable individual under paragraph (9)(A); and
                ``(ii) how such individual may reapply for medical 
            assistance under the State plan (or a waiver of such plan) 
            under this title in the case that such individuals' 
            application is denied or, as applicable, in the case that 
            such individual is disenrolled from the plan (or waiver).
        ``(7) Treatment of noncompliant individuals in relation to 
    certain other provisions.--
            ``(A) Certain fmap increases.--A State shall not be treated 
        as not providing medical assistance to all individuals 
        described in section 1902(a)(10)(A)(i)(VIII), or as not 
        expending amounts for all such individuals under the State plan 
        (or waiver of such plan), solely because such an individual is 
        determined ineligible for medical assistance under the State 
        plan (or waiver) on the basis of a failure to meet the 
        requirement to demonstrate community engagement under paragraph 
        (1).
            ``(B) Other provisions.--For purposes of section 
        36B(c)(2)(B) of the Internal Revenue Code of 1986, an 
        individual shall be deemed to be eligible for minimum essential 
        coverage described in section 5000A(f)(1)(A)(ii) of such Code 
        for a month if such individual would have been eligible for 
        medical assistance under a State plan (or a waiver of such 
        plan) under this title but for a failure to meet the 
        requirement to demonstrate community engagement under paragraph 
        (1).
        ``(8) Outreach.--
            ``(A) In general.--In accordance with standards specified 
        by the Secretary, beginning not later than the date that 
        precedes December 31, 2026 (or, if the State elects under 
        paragraph (1) to specify an earlier date, such earlier date) by 
        the number of months specified by the State under paragraph 
        (1)(A) plus 3 months, and periodically thereafter, the State 
        shall notify applicable individuals enrolled under a State plan 
        (or waiver) under this title of the requirement to demonstrate 
        community engagement under this subsection. Such notice shall 
        include information on--
                ``(i) how to comply with such requirement, including an 
            explanation of the exceptions to such requirement under 
            paragraph (3) and the definition of the term `applicable 
            individual' under paragraph (9)(A);
                ``(ii) the consequences of noncompliance with such 
            requirement; and
                ``(iii) how to report to the State any change in the 
            individual's status that could result in--

                    ``(I) the applicability of an exception under 
                paragraph (3) (or the end of the applicability of such 
                an exception); or
                    ``(II) the individual qualifying as a specified 
                excluded individual under paragraph (9)(A)(ii).

            ``(B) Form of outreach notice.--A notice required under 
        subparagraph (A) shall be delivered--
                ``(i) by regular mail (or, if elected by the 
            individual, in an electronic format); and
                ``(ii) in 1 or more additional forms, which may include 
            telephone, text message, an internet website, other 
            commonly available electronic means, and such other forms 
            as the Secretary determines appropriate.
        ``(9) Definitions.--In this subsection:
            ``(A) Applicable individual.--
                ``(i) In general.--The term `applicable individual' 
            means an individual (other than a specified excluded 
            individual (as defined in clause (ii)))--

                    ``(I) who is eligible to enroll (or is enrolled) 
                under the State plan under subsection 
                (a)(10)(A)(i)(VIII); or
                    ``(II) who--

                        ``(aa) is otherwise eligible to enroll (or is 
                    enrolled) under a waiver of such plan that provides 
                    coverage that is equivalent to minimum essential 
                    coverage (as described in section 5000A(f)(1)(A) of 
                    the Internal Revenue Code of 1986 and as determined 
                    in accordance with standards prescribed by the 
                    Secretary in regulations); and
                        ``(bb) has attained the age of 19 and is under 
                    65 years of age, is not pregnant, is not entitled 
                    to, or enrolled for, benefits under part A of title 
                    XVIII, or enrolled for benefits under part B of 
                    title XVIII, and is not otherwise eligible to 
                    enroll under such plan.
                ``(ii) Specified excluded individual.--For purposes of 
            clause (i), the term `specified excluded individual' means 
            an individual, as determined by the State (in accordance 
            with standards specified by the Secretary)--

                    ``(I) who is described in subsection 
                (a)(10)(A)(i)(IX);
                    ``(II) who--

                        ``(aa) is an Indian or an Urban Indian (as such 
                    terms are defined in paragraphs (13) and (28) of 
                    section 4 of the Indian Health Care Improvement 
                    Act);
                        ``(bb) is a California Indian described in 
                    section 809(a) of such Act; or
                        ``(cc) has otherwise been determined eligible 
                    as an Indian for the Indian Health Service under 
                    regulations promulgated by the Secretary;

                    ``(III) who is the parent, guardian, caretaker 
                relative, or family caregiver (as defined in section 2 
                of the RAISE Family Caregivers Act) of a dependent 
                child 13 years of age and under or a disabled 
                individual;
                    ``(IV) who is a veteran with a disability rated as 
                total under section 1155 of title 38, United States 
                Code;
                    ``(V) who is medically frail or otherwise has 
                special medical needs (as defined by the Secretary), 
                including an individual--

                        ``(aa) who is blind or disabled (as defined in 
                    section 1614);
                        ``(bb) with a substance use disorder;
                        ``(cc) with a disabling mental disorder;
                        ``(dd) with a physical, intellectual or 
                    developmental disability that significantly impairs 
                    their ability to perform 1 or more activities of 
                    daily living; or
                        ``(ee) with a serious or complex medical 
                    condition;

                    ``(VI) who--

                        ``(aa) is in compliance with any requirements 
                    imposed by the State pursuant to section 407; or
                        ``(bb) is a member of a household that receives 
                    supplemental nutrition assistance program benefits 
                    under the Food and Nutrition Act of 2008 and is not 
                    exempt from a work requirement under such Act;

                    ``(VII) who is participating in a drug addiction or 
                alcoholic treatment and rehabilitation program (as 
                defined in section 3(h) of the Food and Nutrition Act 
                of 2008);
                    ``(VIII) who is an inmate of a public institution; 
                or
                    ``(IX) who is pregnant or entitled to postpartum 
                medical assistance under paragraph (5) or (16) of 
                subsection (e).

            ``(B) Educational program.--The term `educational program' 
        includes--
                ``(i) an institution of higher education (as defined in 
            section 101 of the Higher Education Act of 1965); and
                ``(ii) a program of career and technical education (as 
            defined in section 3 of the Carl D. Perkins Career and 
            Technical Education Act of 2006).
            ``(C) State.--The term `State' means 1 of the 50 States or 
        the District of Columbia.
            ``(D) Work program.--The term `work program' has the 
        meaning given such term in section 6(o)(1) of the Food and 
        Nutrition Act of 2008.
        ``(10) Prohibiting waiver of community engagement 
    requirements.--Notwithstanding section 1115(a), the provisions of 
    this subsection may not be waived.
        ``(11) Special implementation rule.--
            ``(A) In general.--Subject to subparagraph (C), the 
        Secretary may exempt a State from compliance with the 
        requirements of this subsection if--
                ``(i) the State submits to the Secretary a request for 
            such exemption, made in such form and at such time as the 
            Secretary may require, and including the information 
            specified in subparagraph (B); and
                ``(ii) the Secretary determines that based on such 
            request, the State is demonstrating a good faith effort to 
            comply with the requirements of this subsection.
            ``(B) Good faith effort determination.--In determining 
        whether a State is demonstrating a good faith effort for 
        purposes of subparagraph (A)(ii), the Secretary shall 
        consider--
                ``(i) any actions taken by the State toward compliance 
            with the requirements of this subsection;
                ``(ii) any significant barriers to or challenges in 
            meeting such requirements, including related to funding, 
            design, development, procurement, or installation of 
            necessary systems or resources;
                ``(iii) the State's detailed plan and timeline for 
            achieving full compliance with such requirements, including 
            any milestones of such plan (as defined by the Secretary); 
            and
                ``(iv) any other criteria determined appropriate by the 
            Secretary.
            ``(C) Duration of exemption.--
                ``(i) In general.--An exemption granted under 
            subparagraph (A) shall expire not later than December 31, 
            2028, and may not be renewed beyond such date.
                ``(ii) Early termination.--The Secretary may terminate 
            an exemption granted under subparagraph (A) prior to the 
            expiration date of such exemption if the Secretary 
            determined that the State has--

                    ``(I) failed to comply with the reporting 
                requirements described in subparagraph (D); or
                    ``(II) based on the information provided pursuant 
                to subparagraph (D), failed to make continued good 
                faith efforts toward compliance with the requirements 
                of this subsection.

            ``(D) Reporting requirements.--A State granted an exemption 
        under subparagraph (A) shall submit to the Secretary--
                ``(i) quarterly progress reports on the State's status 
            in achieving the milestones toward full compliance 
            described in subparagraph (B)(iii); and
                ``(ii) information on specific risks or newly 
            identified barriers or challenges to full compliance, 
            including the State's plan to mitigate such risks, 
            barriers, or challenges.''.
    (b) Conforming Amendment.--Section 1902(a)(10)(A)(i)(VIII) of the 
Social Security Act (42 U.S.C. 1396a(a)(10)(A)(i)(VIII)) is amended by 
striking ``subject to subsection (k)'' and inserting ``subject to 
subsections (k) and (xx)''.
    (c) Prohibiting Conflicts of Interest.--A State shall not use a 
Medicaid managed care entity or other specified entity (as such terms 
are defined in section 1903(m)(9)(D)), or other contractor to determine 
beneficiary compliance under such section unless the contractor has no 
direct or indirect financial relationship with any Medicaid managed 
care entity or other specified entity that is responsible for providing 
or arranging for coverage of medical assistance for individuals 
enrolled with the entity pursuant to a contract with such State.
    (d) Interim Final Rulemaking.--Not later than June 1, 2026, the 
Secretary of Health and Human Services shall promulgate an interim 
final rule for purposes of implementing the provisions of, and the 
amendments made by, this section. Any action taken to implement the 
provisions of, and the amendments made by, this section shall not be 
subject to the provisions of section 553 of title 5, United States 
Code.
    (e) Development of Government Efficiency Grants to States.--
        (1) In general.--In order for States to establish systems 
    necessary to carry out the provisions of, and amendments made by, 
    this section or other sections of this chapter that pertain to 
    conducting eligibility determinations or redeterminations, the 
    Secretary of Health and Human Services shall--
            (A) out of amounts appropriated under paragraph (3)(A), 
        award to each State a grant equal to the amount specified in 
        paragraph (2) for such State; and
            (B) out of amounts appropriated under paragraph (3)(B), 
        distribute an equal amount among such States.
        (2) Amount specified.--For purposes of paragraph (1)(A), the 
    amount specified in this paragraph is an amount that bears the same 
    ratio to the amount appropriated under paragraph (3)(A) as the 
    number of applicable individuals (as defined in section 1902(xx) of 
    the Social Security Act, as added by subsection (a)) residing in 
    such State bears to the total number of such individuals residing 
    in all States, as of March 31, 2025.
        (3) Funding.--There are appropriated, out of any monies in the 
    Treasury not otherwise appropriated--
            (A) $100,000,000 for fiscal year 2026 for purposes of 
        awarding grants under paragraph (1)(A), to remain available 
        until expended; and
            (B) $100,000,000 for fiscal year 2026 for purposes of award 
        grants under paragraph (1)(B), to remain available until 
        expended.
        (4) Definition.--In this subsection, the term ``State'' means 1 
    of the 50 States and the District of Columbia.
    (f) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $200,000,000 for fiscal year 2026, to remain 
available until expended.
SEC. 71120. MODIFYING COST SHARING REQUIREMENTS FOR CERTAIN EXPANSION 
INDIVIDUALS UNDER THE MEDICAID PROGRAM.
    (a) In General.--Section 1916 of the Social Security Act (42 U.S.C. 
1396o) is amended--
        (1) in subsection (a), in the matter preceding paragraph (1), 
    by inserting ``(other than, beginning October 1, 2028, specified 
    individuals (as defined in subsection (k)(3)))'' after 
    ``individuals''; and
        (2) by adding at the end the following new subsection:
    ``(k) Special Rules for Certain Expansion Individuals.--
        ``(1) Premiums.--Beginning October 1, 2028, the State plan 
    shall provide that in the case of a specified individual (as 
    defined in paragraph (3)) who is eligible under the plan, no 
    enrollment fee, premium, or similar charge will be imposed under 
    the plan.
        ``(2) Required imposition of cost sharing.--
            ``(A) In general.--Subject to subparagraph (B) and 
        subsection (j), in the case of a specified individual, the 
        State plan shall, beginning October 1, 2028, provide for the 
        imposition of such deductions, cost sharing, or similar charges 
        determined appropriate by the State (in an amount greater than 
        $0) with respect to certain care, items, or services furnished 
        to such an individual, as determined by the State.
            ``(B) Limitations.--
                ``(i) Exclusion of certain services.--In no case may a 
            deduction, cost sharing, or similar charge be imposed under 
            the State plan with respect to care, items, or services 
            described in any of subparagraphs (B) through (J) of 
            subsection (a)(2), or any primary care services, mental 
            health care services, substance use disorder services, or 
            services provided by a Federally qualified health center 
            (as defined in 1905(l)(2)), certified community behavioral 
            health clinic (as defined in section 1905(jj)(2)), or rural 
            health clinic (as defined in 1905(l)(1)), furnished to a 
            specified individual.
                ``(ii) Item and service limitation.--

                    ``(I) In general.--Except as provided in subclause 
                (II), in no case may a deduction, cost sharing, or 
                similar charge imposed under the State plan with 
                respect to care or an item or service furnished to a 
                specified individual exceed $35.
                    ``(II) Special rules for prescription drugs.--In no 
                case may a deduction, cost sharing, or similar charge 
                imposed under the State plan with respect to a 
                prescription drug furnished to a specified individual 
                exceed the limit that would be applicable under 
                paragraph (2)(A)(i) or (2)(B) of section 1916A(c) with 
                respect to such drug and individual if such drug so 
                furnished were subject to cost sharing under such 
                section.

                ``(iii) Maximum limit on cost sharing.--The total 
            aggregate amount of deductions, cost sharing, or similar 
            charges imposed under the State plan for all individuals in 
            the family may not exceed 5 percent of the family income of 
            the family involved, as applied on a quarterly or monthly 
            basis (as specified by the State).
            ``(C) Cases of nonpayment.--Notwithstanding subsection (e), 
        a State may permit a provider participating under the State 
        plan to require, as a condition for the provision of care, 
        items, or services to a specified individual entitled to 
        medical assistance under this title for such care, items, or 
        services, the payment of any deductions, cost sharing, or 
        similar charges authorized to be imposed with respect to such 
        care, items, or services. Nothing in this subparagraph shall be 
        construed as preventing a provider from reducing or waiving the 
        application of such deductions, cost sharing, or similar 
        charges on a case-by-case basis.
        ``(3) Specified individual defined.--For purposes of this 
    subsection, the term `specified individual' means an individual who 
    has a family income (as determined in accordance with section 
    1902(e)(14)) that exceeds the poverty line (as defined in section 
    2110(c)(5)) applicable to a family of the size involved and--
            ``(A) is enrolled under section 1902(a)(10)(A)(i)(VIII); or
            ``(B) is described in such subsection and otherwise 
        enrolled under a waiver of the State plan that provides 
        coverage that is equivalent to minimum essential coverage (as 
        described in section 5000A(f)(1)(A) of the Internal Revenue 
        Code of 1986 and determined in accordance with standards 
        prescribed by the Secretary in regulations) to all individuals 
        described in section 1902(a)(10)(A)(i)(VIII).
        ``(4) State defined.--For purposes of this subsection, the term 
    `State' means 1 of the 50 States or the District of Columbia.''.
    (b) Conforming Amendments.--
        (1) Required application.--Section 1902(a)(14) of the Social 
    Security Act (42 U.S.C. 1396a(a)(14)) is amended by inserting ``and 
    provide for imposition of such deductions, cost sharing, or similar 
    charges for care, items, or services furnished to specified 
    individuals (as defined in paragraph (3) of section 1916(k)) in 
    accordance with paragraph (2) of such section'' after ``section 
    1916''.
        (2) Nonapplicability of alternative cost sharing.--Section 
    1916A(a)(1) of the Social Security Act (42 U.S.C. 1396o-1(a)(1)) is 
    amended, in the second sentence, by striking ``or (j)'' and 
    inserting ``(j), or (k)''.
    (c) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $15,000,000 for fiscal year 2026, to remain 
available until expended.

                 Subchapter E--Expanding Access to Care

SEC. 71121. MAKING CERTAIN ADJUSTMENTS TO COVERAGE OF HOME OR 
COMMUNITY-BASED SERVICES UNDER MEDICAID.
    (a) Expanding HCBS Coverage Under Section 1915(c) Waivers.--Section 
1915(c) of the Social Security Act (42 U.S.C. 1396n(c)) is amended--
        (1) in paragraph (3), by inserting ``paragraph (11) or'' before 
    ``subsection (h)(2)''; and
        (2) by adding at the end the following new paragraph:
    ``(11) Expanding Coverage for Home or Community-based Services.--
        ``(A) In general.--Beginning July 1, 2028, notwithstanding 
    paragraph (1), the Secretary may approve a waiver that is 
    standalone from any other waiver approved under this subsection to 
    include as medical assistance under the State plan of such State 
    payment for part or all of the cost of home or community-based 
    services (other than room and board (as described in paragraph 
    (1))) approved by the Secretary which are provided pursuant to a 
    written plan of care to individuals described in subparagraph 
    (B)(iii). A waiver approved under this paragraph shall be for an 
    initial term of 3 years and, upon the request of the State, shall 
    be extended for additional 5-year periods unless the Secretary 
    determines that for the previous waiver period the requirements 
    specified under this subsection (excluding those excepted under 
    subparagraph (B)) have not been met.
        ``(B) State requirements.--In addition to the requirements 
    specified under this subsection (except for the requirements 
    described in subparagraphs (C) and (D) of paragraph (2) and any 
    other requirement specified under this subsection that the 
    Secretary determines to be inapplicable in the context of a waiver 
    that does not require individuals to have a determination described 
    in paragraph (1)), a State shall meet the following requirements as 
    a condition of waiver approval:
            ``(i) As of the date that such State requests a waiver 
        under this subsection to provide home or community-based 
        services to individuals described in clause (iii), all other 
        waivers (if any) granted under this subsection to such State 
        meet the requirements of this subsection.
            ``(ii) The State demonstrates to the Secretary that 
        approval of a waiver under this subsection with respect to 
        individuals described in clause (iii) will not result in a 
        material increase of the average amount of time that 
        individuals with respect to whom a determination described in 
        paragraph (1) has been made will need to wait to receive home 
        or community-based services under any other waiver granted 
        under this subsection, as determined by the Secretary.
            ``(iii) The State establishes needs-based criteria, subject 
        to the approval of the Secretary, regarding who will be 
        eligible for home or community-based services under a waiver 
        approved under this paragraph without requiring such 
        individuals to have a determination described in paragraph (1), 
        and specifies the home or community-based services such 
        individuals so eligible will receive.
            ``(iv) The State establishes needs-based criteria for 
        determining whether an individual described in clause (iii) 
        requires the level of care provided in a hospital, nursing 
        facility, or an intermediate care facility for individuals with 
        developmental disabilities under the State plan or under any 
        waiver of such plan that are more stringent than the needs-
        based criteria established under clause (iii) for determining 
        eligibility for home or community-based services.
            ``(v) The State attests that the State's average per capita 
        expenditure for medical assistance under the State plan (or 
        waiver of such plan) provided with respect to such individuals 
        enrolled in a waiver under this paragraph will not exceed the 
        State's average per capita expenditure for medical assistance 
        for individuals receiving institutional care under the State 
        plan (or waiver of such plan) for the duration that the waiver 
        under this paragraph is in effect.
            ``(vi) The State provides to the Secretary data (in such 
        form and manner as the Secretary may specify) regarding the 
        number of individuals described in clause (iii) with respect to 
        a State seeking approval of a waiver under this subsection, to 
        whom the State will make such services available under such 
        waiver.
            ``(vii) The State agrees to provide to the Secretary, not 
        less frequently than annually, data for purposes of paragraph 
        (2)(E) (in such form and manner as the Secretary may specify) 
        regarding, with respect to each preceding year in which a 
        waiver under this subsection to provide home or community-based 
        services to individuals described in clause (iii) was in 
        effect--
                ``(I) the cost (as such term is defined by the 
            Secretary) of such services furnished to individuals 
            described in clause (iii), broken down by type of service;
                ``(II) with respect to each type of home or community-
            based service provided under the waiver, the length of time 
            that such individuals have received such service;
                ``(III) a comparison between the data described in 
            subclause (I) and any comparable data available with 
            respect to individuals with respect to whom a determination 
            described in paragraph (1) has been made and with respect 
            to individuals receiving institutional care under this 
            title; and
                ``(IV) the number of individuals who have received home 
            or community-based services under the waiver during the 
            preceding year.
        ``(C) Limitation on payments.--No payments made to carry out 
    this paragraph shall be used by a State to make payments to a third 
    party on behalf of an individual practitioner for benefits such as 
    health insurance, skills training, and other benefits customary for 
    employees, in the case of a class of practitioners for which the 
    program established under this title is the primary source of 
    revenue.''.
    (b) Implementation Funding.--
        (1) In general.--There are appropriated, out of any monies in 
    the Treasury not otherwise appropriated, to the Administrator of 
    the Centers for Medicare & Medicaid Services--
            (A) for fiscal year 2026, $50,000,000 for purposes of 
        carrying out the provisions of, and the amendments made by, 
        this section, to remain available until expended; and
            (B) for fiscal year 2027, $100,000,000 for purposes of 
        making payments to States, subject to paragraph (2), to support 
        State systems to deliver home or community-based services under 
        section 1915(c) of the Social Security Act (42 U.S.C. 1396n(c)) 
        (as amended by this section) or under section 1115 of such Act 
        (42 U.S.C. 1315), to remain available until expended.
        (2) Payments based on state hcbs eligible population.--Payments 
    to States from amounts made available by paragraph (1)(B) shall be 
    made, with respect to a State, on the basis of the proportion of 
    the population of the State that is receiving home or community-
    based services under section1915(c) of the Social Security Act (42 
    U.S.C. 1396n(c)) (as amended by this section) or under section 1115 
    of such Act (42 U.S.C. 1315), as compared to all States.

                          CHAPTER 2--MEDICARE

          Subchapter A--Strengthening Eligibility Requirements

SEC. 71201. LIMITING MEDICARE COVERAGE OF CERTAIN INDIVIDUALS.
    Title XVIII of the Social Security Act (42 U.S.C. 1395 et seq.) is 
amended by adding at the end the following new section:
``SEC. 1899C. LIMITING MEDICARE COVERAGE OF CERTAIN INDIVIDUALS.
    ``(a) In General.--Subject to subsection (b), an individual may be 
entitled to, or enrolled for, benefits under this title only if the 
individual is--
        ``(1) a citizen or national of the United States;
        ``(2) an alien who is lawfully admitted for permanent residence 
    under the Immigration and Nationality Act;
        ``(3) an alien who has been granted the status of Cuban and 
    Haitian entrant, as defined in section 501(e) of the Refugee 
    Education Assistance Act of 1980 (Public Law 96-422); or
        ``(4) an individual who lawfully resides in the United States 
    in accordance with a Compact of Free Association referred to in 
    section 402(b)(2)(G) of the Personal Responsibility and Work 
    Opportunity Reconciliation Act of 1996.
    ``(b) Application to Individuals Currently Entitled to or Enrolled 
for Benefits.--
        ``(1) In general.--In the case of an individual who is entitled 
    to, or enrolled for, benefits under this title as of the date of 
    the enactment of this section, subsection (a) shall apply beginning 
    on the date that is 18 months after such date of enactment.
        ``(2) Review by commissioner of social security.--
            ``(A) In general.--Not later than 1 year after the date of 
        the enactment of this section, the Commissioner of Social 
        Security shall complete a review of individuals entitled to, or 
        enrolled for, benefits under this title as of such date of 
        enactment for purposes of identifying individuals not described 
        in any of paragraphs (1) through (4) of subsection (a).
            ``(B) Notice.--The Commissioner of Social Security shall 
        notify each individual identified under the review conducted 
        under subparagraph (A) that such individual's entitlement to, 
        or enrollment for, benefits under this title will be terminated 
        as of the date that is 18 months after the date of the 
        enactment of this section. Such notification shall be made as 
        soon as practicable after such identification and in a manner 
        designed to ensure such individual's comprehension of such 
        notification.''.

              Subchapter B--Improving Services for Seniors

SEC. 71202. TEMPORARY PAYMENT INCREASE UNDER THE MEDICARE PHYSICIAN FEE 
SCHEDULE TO ACCOUNT FOR EXCEPTIONAL CIRCUMSTANCES.
    (a) In General.--Section 1848(t) of the Social Security Act (42 
U.S.C. 1395w-4(t)) is amended--
        (1) in the subsection heading, by striking ``During 2021 
    Through 2024'';
        (2) in paragraph (1)--
            (A) in the matter preceding subparagraph (A), by striking 
        ``and 2024'' and inserting ``2024, and 2026'';
            (B) in subparagraph (D), by striking ``and'' at the end;
            (C) in subparagraph (E), by striking the period at the end 
        and inserting ``; and''; and
            (D) by adding at the end the following new subparagraph:
            ``(F) such services furnished on or after January 1, 2026, 
        and before January 1, 2027, by 2.5 percent.''; and
        (3) in paragraph (2)(C)--
            (A) in the subparagraph heading, by inserting ``and 2026'' 
        after ``2024''; and
            (B) by striking ``or 2024'' each place it appears and 
        inserting ``2024, or 2026''.
    (b) Conforming Amendment.--Section 1848(c)(2)(B)(iv)(V) of the 
Social Security Act (42 U.S.C. 1395w-4(c)(2)(B)(iv)(V)) is amended by 
striking ``or 2024'' and inserting ``2024, or 2026''.
SEC. 71203. EXPANDING AND CLARIFYING THE EXCLUSION FOR ORPHAN DRUGS 
UNDER THE DRUG PRICE NEGOTIATION PROGRAM.
    (a) In General.--Section 1192(e) of the Social Security Act (42 
U.S.C. 1320f-1(e)) is amended--
        (1) in paragraph (1), in the matter preceding subparagraph (A), 
    by striking ``and (3)'' and inserting ``through (4)'';
        (2) in paragraph (3)(A)--
            (A) by striking ``only one rare disease or condition'' and 
        inserting ``one or more rare diseases or conditions''; and
            (B) by striking ``such disease or condition'' and inserting 
        ``one or more such rare diseases or conditions (as such term is 
        defined in section 526(a)(2) of the Federal Food, Drug, and 
        Cosmetic Act)''; and
        (3) by adding at the end the following new paragraph:
        ``(4) Treatment of former orphan drugs.--In the case of a drug 
    or biological product that, as of the date of the approval or 
    licensure of such drug or biological product, is a drug or 
    biological product described in paragraph (3)(A), paragraph 
    (1)(A)(ii) or (1)(B)(ii) (as applicable) shall apply as if the 
    reference to `the date of such approval' or `the date of such 
    licensure', respectively, were instead a reference to `the first 
    day after the date of such approval for which such drug is not a 
    drug described in paragraph (3)(A)' or `the first day after the 
    date of such licensure for which such biological product is not a 
    biological product described in paragraph (3)(A)', respectively.''.
    (b) Application.--The amendments made by subsection (a) shall apply 
with respect to initial price applicability years (as defined in 
section 1191(b) of the Social Security Act (42 U.S.C. 1320f(b))) 
beginning on or after January 1, 2028.

                         CHAPTER 3--HEALTH TAX

              Subchapter A--Improving Eligibility Criteria

SEC. 71301. PERMITTING PREMIUM TAX CREDIT ONLY FOR CERTAIN INDIVIDUALS.
    (a) In General.--Section 36B(e)(1) is amended by inserting ``or, in 
the case of aliens who are lawfully present, are not eligible aliens'' 
after ``individuals who are not lawfully present''.
    (b) Eligible Aliens.--Section 36B(e)(2) is amended--
        (1) by striking ``For purposes of this section, an individual'' 
    and inserting ``For purposes of this section--
            ``(A) In general.--An individual'', and
        (2) by adding at the end the following new subparagraph:
            ``(B) Eligible aliens.--An individual who is an alien and 
        lawfully present shall be treated as an eligible alien if such 
        individual is, and is reasonably expected to be for the entire 
        period of enrollment for which the credit under this section is 
        being claimed--
                ``(i) an alien who is lawfully admitted for permanent 
            residence under the Immigration and Nationality Act (8 
            U.S.C. 1101 et seq.),
                ``(ii) an alien who has been granted the status of 
            Cuban and Haitian entrant, as defined in section 501(e) of 
            the Refugee Education Assistance Act of 1980 (Public Law 
            96-422); or
                ``(iii) an individual who lawfully resides in the 
            United States in accordance with a Compact of Free 
            Association referred to in section 402(b)(2)(G) of the 
            Personal Responsibility and Work Opportunity Reconciliation 
            Act of 1996 (8 U.S.C. 1612(b)(2)(G)).''.
    (c) Conforming Amendments.--
        (1) Verification of information.--Section 1411 of the Patient 
    Protection and Affordable Care Act (42 U.S.C. 18081) is amended--
            (A) in subsection (a)--
                (i) in paragraph (1), by striking ``and section 36B(e) 
            of the Internal Revenue Code of 1986''; and
                (ii) in paragraph (2)--

                    (I) in subparagraph (A), by striking ``and'' at the 
                end;
                    (II) in subparagraph (B), by adding ``and'' at the 
                end; and
                    (III) by adding at the end the following new 
                subparagraph:

            ``(C) in the case such individual is an alien lawfully 
        present in the United States, whether such individual is an 
        eligible alien (within the meaning of section 36B(e)(2) of such 
        Code);'';
            (B) in subsection (b)(3), by adding at the end the 
        following new subparagraph:
            ``(D) Immigration status.--In the case the individual's 
        eligibility is based on an attestation of the enrollee's 
        immigration status, an attestation that such individual is an 
        eligible alien (within the meaning of 36B(e)(2) of the Internal 
        Revenue Code of 1986).''; and
            (C) in subsection (c)(2)(B)(ii), by adding at the end the 
        following new subclause:

                    ``(III) In the case of an individual described in 
                clause (i)(I) with respect to whom a premium tax credit 
                under section 36B of the Internal Revenue Code of 1986 
                is being claimed, the attestation that the individual 
                is an eligible alien (within the meaning of section 
                36B(e)(2) of such Code).''.

        (2) Advance determinations.--Section 1412(d) of the Patient 
    Protection and Affordable Care Act (42 U.S.C. 18082(d)) is amended 
    by inserting before the period at the end the following: ``, or 
    credits under section 36B of the Internal Revenue Code of 1986 for 
    aliens who are not eligible aliens (within the meaning of section 
    36B(e)(2) of such Code)''.
        (3) Effective date.--The amendments made by this subsection 
    shall apply with respect to plan years beginning on or after 
    January 1, 2027.
    (d) Requirement to Maintain Minimum Essential Coverage.--Section 
5000A(d)(3) is amended by striking ``an alien lawfully present in the 
United States'' and inserting ``an eligible alien (within the meaning 
of section 36B(e)(2))''.
    (e) Effective Date.--The amendments made by this section (other 
than the amendments made by subsection (c)) shall apply to taxable 
years beginning after December 31, 2026.
SEC. 71302. DISALLOWING PREMIUM TAX CREDIT DURING PERIODS OF MEDICAID 
INELIGIBILITY DUE TO ALIEN STATUS.
    (a) In General.--Section 36B(c)(1) is amended by striking 
subparagraph (B).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.

            Subchapter B--Preventing Waste, Fraud, and Abuse

SEC. 71303. REQUIRING VERIFICATION OF ELIGIBILITY FOR PREMIUM TAX 
CREDIT.
    (a) In General.--Section 36B(c) is amended by adding at the end the 
following new paragraphs:
        ``(5) Exchange enrollment verification requirement.--
            ``(A) In general.--The term `coverage month' shall not 
        include, with respect to any individual covered by a qualified 
        health plan enrolled in through an Exchange, any month 
        beginning before the Exchange verifies, using applicable 
        enrollment information that shall be provided or verified by 
        the applicant, such individual's eligibility--
                ``(i) to enroll in the plan through the Exchange, and
                ``(ii) for any advance payment under section 1412 of 
            the Patient Protection and Affordable Care Act of the 
            credit allowed under this section.
            ``(B) Applicable enrollment information.--For purposes of 
        subparagraph (A), applicable enrollment information shall 
        include affirmation of at least the following information (to 
        the extent relevant in determining eligibility described in 
        subparagraph (A)):
                ``(i) Household income and family size.
                ``(ii) Whether the individual is an eligible alien.
                ``(iii) Any health coverage status or eligibility for 
            coverage.
                ``(iv) Place of residence.
                ``(v) Such other information as may be determined by 
            the Secretary (in consultation with the Secretary of Health 
            and Human Services) as necessary to the verification 
            prescribed under subparagraph (A).
            ``(C) Verification of past months.--In the case of a month 
        that begins before verification prescribed by subparagraph (A), 
        such month shall be treated as a coverage month if the Exchange 
        verifies for such month (using applicable enrollment 
        information that shall be provided or verified by the 
        applicant) such individual's eligibility to have so enrolled 
        and for any such advance payment.
            ``(D) Exchange participation; coordination with other 
        procedures for determining eligibility.--An individual shall 
        not, solely by reason of failing to meet the requirements of 
        this paragraph with respect to a month, be treated for such 
        month as ineligible to enroll in a qualified health plan 
        through an Exchange.
            ``(E) Waiver for certain special enrollment periods.--The 
        Secretary may waive the application of subparagraph (A) in the 
        case of an individual who enrolls in a qualified health plan 
        through an Exchange for 1 or more months of the taxable year 
        during a special enrollment period provided by the Exchange on 
        the basis of a change in the family size of the individual.
            ``(F) Information and reliance on third-party sources.--An 
        Exchange shall be permitted to use any data available to the 
        Exchange and any reliable third-party sources in collecting 
        information for verification by the applicant.
        ``(6) Exchange compliance with filing requirements.--The term 
    `coverage month' shall not include, with respect to any individual 
    covered by a qualified health plan enrolled in through an Exchange, 
    any month for which the Exchange does not meet the requirements of 
    section 155.305(f)(4)(iii) of title 45, Code of Federal Regulations 
    (as published in the Federal Register on June 25, 2025 (90 Fed. 
    Reg. 27074), applied as though it applied to all plan years after 
    2025), with respect to the individual.''.
    (b) Pre-enrollment Verification Process Required.--Section 
36B(c)(3)(A) is amended--
        (1) by striking ``health plan.--The term'' and inserting 
    ``health plan.-- ``
                ``(i) In general.--The term'', and
        (2) by adding at the end the following new clause:
                ``(ii) Pre-enrollment verification process required.--
            Such term shall not include any plan enrolled in through an 
            Exchange, unless such Exchange provides a process for pre-
            enrollment verification through which any applicant may, 
            beginning not later than August 1, verify with the Exchange 
            the applicant's household income and eligibility for 
            enrollment in such plan for plan years beginning in the 
            subsequent year.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2027.
SEC. 71304. DISALLOWING PREMIUM TAX CREDIT IN CASE OF CERTAIN COVERAGE 
ENROLLED IN DURING SPECIAL ENROLLMENT PERIOD.
    (a) In General.--Section 36B(c)(3)(A), as amended by the preceding 
provisions of this Act, is amended by adding at the end the following 
new clause:
                ``(iii) Exception in case of certain special enrollment 
            periods.--Such term shall not include any plan enrolled in 
            during a special enrollment period provided for by an 
            Exchange--

                    ``(I) on the basis of the relationship of the 
                individual's expected household income to such a 
                percentage of the poverty line (or such other amount) 
                as is prescribed by the Secretary of Health and Human 
                Services for purposes of such period, and
                    ``(II) not in connection with the occurrence of an 
                event or change in circumstances specified by the 
                Secretary of Health and Human Services for such 
                purposes.''.

    (b) Effective Date.--The amendments made by this section shall 
apply with respect to plan years beginning after December 31, 2025.
SEC. 71305. ELIMINATING LIMITATION ON RECAPTURE OF ADVANCE PAYMENT OF 
PREMIUM TAX CREDIT.
    (a) In General.--Section 36B(f)(2) is amended by striking 
subparagraph (B).
    (b) Conforming Amendments.--
        (1) Section 36B(f)(2) is amended by striking ``advance 
    payments.--'' and all that follows through ``If the advance 
    payments'' and inserting the following: ``advance payments.--If the 
    advance payments''.
        (2) Section 35(g)(12)(B)(ii) is amended by striking ``then 
    section 36B(f)(2)(B) shall be applied by substituting the amount 
    determined under clause (i) for the amount determined under section 
    36B(f)(2)(A)'' and inserting ``then the amount determined under 
    clause (i) shall be substituted for the amount determined under 
    section 36B(f)(2)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.

              Subchapter C--Enhancing Choice for Patients

SEC. 71306. PERMANENT EXTENSION OF SAFE HARBOR FOR ABSENCE OF 
DEDUCTIBLE FOR TELEHEALTH SERVICES.
    (a) In General.--Subparagraph (E) of section 223(c)(2) is amended 
to read as follows:
            ``(E) Safe harbor for absence of deductible for 
        telehealth.--A plan shall not fail to be treated as a high 
        deductible health plan by reason of failing to have a 
        deductible for telehealth and other remote care services.''.
    (b) Certain Coverage Disregarded.--Clause (ii) of section 
223(c)(1)(B) is amended by striking ``(in the case of months or plan 
years to which paragraph (2)(E) applies)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to plan years beginning after December 31, 2024.
SEC. 71307. ALLOWANCE OF BRONZE AND CATASTROPHIC PLANS IN CONNECTION 
WITH HEALTH SAVINGS ACCOUNTS.
    (a) In General.--Section 223(c)(2) is amended by adding at the end 
the following new subparagraph:
            ``(H) Bronze and catastrophic plans treated as high 
        deductible health plans.--The term `high deductible health 
        plan' shall include any plan which is--
                ``(i) available as individual coverage through an 
            Exchange established under section 1311 or 1321 of the 
            Patient Protection and Affordable Care Act, and
                ``(ii) described in subsection (d)(1)(A) or (e) of 
            section 1302 of such Act.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to months beginning after December 31, 2025.
SEC. 71308. TREATMENT OF DIRECT PRIMARY CARE SERVICE ARRANGEMENTS.
    (a) In General.--Section 223(c)(1) is amended by adding at the end 
the following new subparagraph:
            ``(E) Treatment of direct primary care service 
        arrangements.--
                ``(i) In general.--A direct primary care service 
            arrangement shall not be treated as a health plan for 
            purposes of subparagraph (A)(ii).
                ``(ii) Direct primary care service arrangement.--For 
            purposes of this subparagraph--

                    ``(I) In general.--The term `direct primary care 
                service arrangement' means, with respect to any 
                individual, an arrangement under which such individual 
                is provided medical care (as defined in section 213(d)) 
                consisting solely of primary care services provided by 
                primary care practitioners (as defined in section 
                1833(x)(2)(A) of the Social Security Act, determined 
                without regard to clause (ii) thereof), if the sole 
                compensation for such care is a fixed periodic fee.
                    ``(II) Limitation.--With respect to any individual 
                for any month, such term shall not include any 
                arrangement if the aggregate fees for all direct 
                primary care service arrangements (determined without 
                regard to this subclause) with respect to such 
                individual for such month exceed $150 (twice such 
                dollar amount in the case of an individual with any 
                direct primary care service arrangement (as so 
                determined) that covers more than one individual).

                ``(iii) Certain services specifically excluded from 
            treatment as primary care services.--For purposes of this 
            subparagraph, the term `primary care services' shall not 
            include--

                    ``(I) procedures that require the use of general 
                anesthesia,
                    ``(II) prescription drugs (other than vaccines), 
                and
                    ``(III) laboratory services not typically 
                administered in an ambulatory primary care setting.

            The Secretary, after consultation with the Secretary of 
            Health and Human Services, shall issue regulations or other 
            guidance regarding the application of this clause.''.
    (b) Direct Primary Care Service Arrangement Fees Treated as Medical 
Expenses.--Section 223(d)(2)(C) is amended by striking ``or'' at the 
end of clause (iii), by striking the period at the end of clause (iv) 
and inserting ``, or'', and by adding at the end the following new 
clause:
                ``(v) any direct primary care service arrangement.''.
    (c) Inflation Adjustment.--Section 223(g)(1) is amended--
        (1) by striking ``in subsections (b)(2) and (c)(2)(A)'' and 
    inserting ``in subsections (b)(2), (c)(2)(A), and in the case of 
    taxable years beginning after 2026, (c)(1)(E)(ii)(II)'',
        (2) in subparagraph (B), by striking ``clause (ii)'' in clause 
    (i) and inserting ``clauses (ii) and (iii)'', by striking ``and'' 
    at the end of clause (i), by striking the period at the end of 
    clause (ii) and inserting ``, and'', and by inserting after clause 
    (ii) the following new clause:
                ``(iii) in the case of the dollar amount in subsection 
            (c)(1)(E)(ii)(II), `calendar year 2025'.'', and
        (3) by inserting ``, (c)(1)(E)(ii)(II),'' after ``(b)(2)'' in 
    the last sentence.
    (d) Effective Date.--The amendments made by this section shall 
apply to months beginning after December 31, 2025.

          CHAPTER 4--PROTECTING RURAL HOSPITALS AND PROVIDERS

SEC. 71401. RURAL HEALTH TRANSFORMATION PROGRAM.
    (a) In General.--Section 2105 of the Social Security Act (42 U.S.C. 
1397ee) is amended by adding at the end the following new subsection:
    ``(h) Rural Health Transformation Program.--
        ``(1) Appropriation.--
            ``(A) In general.--There are appropriated, out of any money 
        in the Treasury not otherwise appropriated, to the 
        Administrator of the Centers for Medicare & Medicaid Services 
        (in this subsection referred to as the `Administrator'), to 
        provide allotments to States for purposes of carrying out the 
        activities described in paragraph (6)--
                ``(i) $10,000,000,000 for fiscal year 2026;
                ``(ii) $10,000,000,000 for fiscal year 2027;
                ``(iii) $10,000,000,000 for fiscal year 2028;
                ``(iv) $10,000,000,000 for fiscal year 2029; and
                ``(v) $10,000,000,000 for fiscal year 2030.
            ``(B) Unexpended or unobligated funds.--
                ``(i) In general.--Any amounts appropriated under 
            subparagraph (A) that are unexpended or unobligated as of 
            October 1, 2032, shall be returned to the Treasury of the 
            United States.
                ``(ii) Redistribution of unexpended or unobligated 
            funds.--In carrying out subparagraph (A), the Administrator 
            shall, not later than March 31, 2028, and annually 
            thereafter through March 31, 2032, determine the amount of 
            funds, if any, that are available under such subparagraph 
            for a previous fiscal year, are unexpended or unobligated 
            with respect to such fiscal year, and will not be available 
            to a State in the current fiscal year, pursuant to clause 
            (iii).
                ``(iii) Availability of funds.--

                    ``(I) In general.--Amounts allotted to a State 
                under this subsection for a year shall be available for 
                expenditure by the State through the end of the fiscal 
                year following the fiscal year in which such amounts 
                are allotted.
                    ``(II) Availability of amounts redistributed.--
                Amounts redistributed to a State under clause (ii) with 
                respect to a fiscal year shall be available for 
                expenditure by the State through the end of the fiscal 
                year following the fiscal year in which such amounts 
                are redistributed (except in the case of amounts 
                redistributed in fiscal year 2032 which shall only be 
                available for expenditure through September 30, 2032).

                ``(iv) Misuse of funds.--If the Administrator 
            determines that a State is not using amounts allotted or 
            redistributed to the State under this subsection in a 
            manner consistent with the description provided by the 
            State in its application approved under paragraph (2), the 
            Administrator may withhold payments to, or reduce payments 
            to, or recover previous payments from, the State under this 
            subsection as the Administrator deems appropriate, and any 
            amounts so withheld, or that remain after any such 
            reduction, or so recovered, shall be returned to the 
            Treasury of the United States.
        ``(2) Application.--
            ``(A) In general.--To be eligible for an allotment under 
        this subsection, a State shall submit to the Administrator 
        during an application submission period to be specified by the 
        Administrator (but that ends not later than December 31, 2025) 
        an application in such form and manner as the Administrator may 
        specify, that includes--
                ``(i) a detailed rural health transformation plan--

                    ``(I) to improve access to hospitals, other health 
                care providers, and health care items and services 
                furnished to rural residents of the State;
                    ``(II) to improve health care outcomes of rural 
                residents of the State;
                    ``(III) to prioritize the use of new and emerging 
                technologies that emphasize prevention and chronic 
                disease management;
                    ``(IV) to initiate, foster, and strengthen local 
                and regional strategic partnerships between rural 
                hospitals and other health care providers in order to 
                promote measurable quality improvement, increase 
                financial stability, maximize economies of scale, and 
                share best practices in care delivery;
                    ``(V) to enhance economic opportunity for, and the 
                supply of, health care clinicians through enhanced 
                recruitment and training;
                    ``(VI) to prioritize data and technology driven 
                solutions that help rural hospitals and other rural 
                health care providers furnish high-quality health care 
                services as close to a patient's home as is possible;
                    ``(VII) that outlines strategies to manage long-
                term financial solvency and operating models of rural 
                hospitals in the State; and
                    ``(VIII) that identifies specific causes driving 
                the accelerating rate of stand-alone rural hospitals 
                becoming at risk of closure, conversion, or service 
                reduction;

                ``(ii) a certification that none of the amounts 
            provided under this subsection shall be used by the State 
            for an expenditure that is attributable to an 
            intergovernmental transfer, certified public expenditure, 
            or any other expenditure to finance the non-Federal share 
            of expenditures required under any provision of law, 
            including under the State plan established under this 
            title, the State plan established under title XIX, or under 
            a waiver of such plans; and
                ``(iii) such other information as the Administrator may 
            require.
            ``(B) Deadline for approval.--Not later than December 31, 
        2025, the Administrator shall approve or deny all applications 
        submitted for an allotment under this subsection.
            ``(C) One-time application.--If an application of a State 
        for an allotment under this subsection is approved by the 
        Administrator, the State shall be eligible for an allotment 
        under this subsection for each of fiscal years 2026 through 
        2030, except as provided in paragraph (1)(B)(iv).
            ``(D) Eligibility.--Only the 50 States shall be eligible 
        for an allotment under this subsection and all references in 
        this subsection to a State shall be treated as only referring 
        to the 50 States.
        ``(3) Allotments.--
            ``(A) In general.--For each of fiscal years 2026 through 
        2030, the Administrator shall determine under subparagraph (B) 
        the amount of the allotment for such fiscal year for each State 
        with an approved application under this subsection.
            ``(B) Amount determined.--Subject to subparagraph (C), from 
        the amounts appropriated under paragraph (1)(A) for each of 
        fiscal years 2026 through 2030, the Administrator shall allot--
                ``(i) 50 percent of the amounts appropriated for each 
            such fiscal year equally among all States with an approved 
            application under this subsection; and
                ``(ii) 50 percent of the amounts appropriated for each 
            such fiscal year among all such States in an amount to be 
            determined by the Administrator in accordance with 
            subparagraph (C).
            ``(C) Requirements.--In determining the amount to be 
        allotted to a State under clause (ii) of subparagraph (B) for a 
        fiscal year, the Administrator shall--
                ``(i) ensure that not less than \1/4\ of the States 
            with an approved application under this subsection for a 
            fiscal year are allotted funds from amounts that are to be 
            allotted under clause (ii) of such subparagraph; and
                ``(ii) consider--

                    ``(I) the percentage of the State population that 
                is located in a rural census tract of a metropolitan 
                statistical area (as determined under the most recent 
                modification of the Goldsmith Modification, originally 
                published in the Federal Register on February 27, 1992 
                (57 Fed. Reg. 6725));
                    ``(II) the proportion of rural health facilities 
                (as defined in subparagraph (D)) in the State relative 
                to the number of rural health facilities nationwide;
                    ``(III) the situation of hospitals in the State, as 
                described in section 1902(a)(13)(A)(iv); and
                    ``(IV) any other factors that the Administrator 
                determines appropriate.

            ``(D) Rural health facility defined.--For the purposes of 
        subparagraph (C)(ii), the term `rural health facility' means 
        the following:
                ``(i) A subsection (d) hospital (as defined in 
            paragraph (1)(B) of section 1886(d)) that--

                    ``(I) is located in a rural area (as defined in 
                paragraph (2)(D) of such section);
                    ``(II) is treated as being located in a rural area 
                pursuant to paragraph (8)(E) of such section; or
                    ``(III) is located in a rural census tract of a 
                metropolitan statistical area (as determined under the 
                most recent modification of the Goldsmith Modification, 
                originally published in the Federal Register on 
                February 27, 1992 (57 Fed. Reg. 6725)).

                ``(ii) A critical access hospital (as defined in 
            section 1861(mm)(1)).
                ``(iii) A sole community hospital (as defined in 
            section 1886(d)(5)(D)(iii)).
                ``(iv) A Medicare-dependent, small rural hospital (as 
            defined in section 1886(d)(5)(G)(iv)).
                ``(v) A low-volume hospital (as defined in section 
            1886(d)(12)(C)).
                ``(vi) A rural emergency hospital (as defined in 
            section 1861(kkk)(2)).
                ``(vii) A rural health clinic (as defined in section 
            1861(aa)(2)).
                ``(viii) A Federally qualified health center (as 
            defined in section 1861(aa)(4)).
                ``(ix) A community mental health center (as defined in 
            section 1861(ff)(3)(B)).
                ``(x) A health center that is receiving a grant under 
            section 330 of the Public Health Service Act.
                ``(xi) An opioid treatment program (as defined in 
            section 1861(jjj)(2)) that is located in a rural census 
            tract of a metropolitan statistical area (as determined 
            under the most recent modification of the Goldsmith 
            Modification, originally published in the Federal Register 
            on February 27, 1992 (57 Fed. Reg. 6725)).
                ``(xii) A certified community behavioral health clinic 
            (as defined in section 1905(jj)(2)) that is located in a 
            rural census tract of a metropolitan statistical area (as 
            determined under the most recent modification of the 
            Goldsmith Modification, originally published in the Federal 
            Register on February 27, 1992 (57 Fed. Reg. 6725)).
        ``(4) No matching payment.--A State approved for an allotment 
    under this subsection for a fiscal year shall not be required to 
    provide any matching funds as a condition for receiving payments 
    from the allotment.
        ``(5) Terms and conditions.--The Administrator shall specify 
    such terms and conditions for allotments to States provided under 
    this subsection as the Administrator deems appropriate, including 
    the following:
            ``(A) Each State shall submit to the Administrator (at a 
        time, and in a form and manner, specified by the 
        Administrator)--
                ``(i) a plan for the State to use its allotment to 
            carry out 3 or more of the activities described in 
            paragraph (6); and
                ``(ii) annual reports on the use of allotments, 
            including such additional information as the Administrator 
            determines appropriate.
            ``(B) Not more than 10 percent of the amount allotted to a 
        State for a fiscal year may be used by the State for 
        administrative expenses.
        ``(6) Use of funds.--Amounts allotted to a State under this 
    subsection shall be used for 3 or more of the following health-
    related activities:
            ``(A) Promoting evidence-based, measurable interventions to 
        improve prevention and chronic disease management.
            ``(B) Providing payments to health care providers for the 
        provision of health care items or services, as specified by the 
        Administrator.
            ``(C) Promoting consumer-facing, technology-driven 
        solutions for the prevention and management of chronic 
        diseases.
            ``(D) Providing training and technical assistance for the 
        development and adoption of technology-enabled solutions that 
        improve care delivery in rural hospitals, including remote 
        monitoring, robotics, artificial intelligence, and other 
        advanced technologies.
            ``(E) Recruiting and retaining clinical workforce talent to 
        rural areas, with commitments to serve rural communities for a 
        minimum of 5 years.
            ``(F) Providing technical assistance, software, and 
        hardware for significant information technology advances 
        designed to improve efficiency, enhance cybersecurity 
        capability development, and improve patient health outcomes.
            ``(G) Assisting rural communities to right size their 
        health care delivery systems by identifying needed 
        preventative, ambulatory, pre-hospital, emergency, acute 
        inpatient care, outpatient care, and post-acute care service 
        lines.
            ``(H) Supporting access to opioid use disorder treatment 
        services (as defined in section 1861(jjj)(1)), other substance 
        use disorder treatment services, and mental health services.
            ``(I) Developing projects that support innovative models of 
        care that include value-based care arrangements and alternative 
        payment models, as appropriate.
            ``(J) Additional uses designed to promote sustainable 
        access to high quality rural health care services, as 
        determined by the Administrator.
        ``(7) Exemptions.--Paragraphs (2), (3), (5), (6), (8), (10), 
    (11), and (12) of subsection (c) do not apply to payments under 
    this subsection.
        ``(8) Review.--There shall be no administrative or judicial 
    review under section 1116 or otherwise of amounts allotted or 
    redistributed to States under this subsection, payments to States 
    withheld or reduced under this subsection, or previous payments 
    recovered from States under this subsection.
        ``(9) Health care provider defined.--For purposes of this 
    subsection, the term `health care provider' means a provider of 
    services or supplier who is enrolled under this title, title XVIII, 
    or title XIX.''.
    (b) Conforming Amendments.--Title XXI of the Social Security Act 
(42 U.S.C. 1397aa) is amended--
        (1) in section 2101--
            (A) in subsection (a), in the matter preceding paragraph 
        (1), by striking ``The purpose'' and inserting ``Except with 
        respect to the rural health transformation program established 
        in section 2105(h), the purpose''; and
            (B) in subsection (b), in the matter preceding paragraph 
        (1), by inserting ``subsection (a) or (g) of'' before ``section 
        2105'';
        (2) in section 2105(c)(1), by striking ``and may not include'' 
    and inserting ``or to carry out the rural health transformation 
    program established in subsection (h) and, except in the case of 
    amounts made available under subsection (h), may not include''; and
        (3) in section 2106(a)(1), by inserting ``subsection (a) or (g) 
    of'' before ``section 2105''.
    (c) Implementation.--The Administrator of the Centers for Medicare 
& Medicaid Services shall implement this section, including the 
amendments made by this section, by program instruction or other forms 
of program guidance.
    (d) Implementation Funding.--For the purposes of carrying out the 
provisions of, and the amendments made by, this section, there are 
appropriated, out of any monies in the Treasury not otherwise 
appropriated, to the Administrator of the Centers for Medicare & 
Medicaid Services, $200,000,000 for fiscal year 2025, to remain 
available until expended.

                   Subtitle C--Increase in Debt Limit

SEC. 72001. MODIFICATION OF LIMITATION ON THE PUBLIC DEBT.
    The limitation under section 3101(b) of title 31, United States 
Code, as most recently increased by section 401(b) of Public Law 118-5 
(31 U.S.C. 3101 note), is increased by $5,000,000,000,000.

                        Subtitle D--Unemployment

SEC. 73001. ENDING UNEMPLOYMENT PAYMENTS TO JOBLESS MILLIONAIRES.
    (a) Prohibition on Use of Federal Funds.--
        (1) In general.--No Federal funds may be used--
            (A) to make payments of unemployment compensation benefits 
        under an unemployment compensation program of the United States 
        in a year to an individual whose wages during the individual's 
        base period are equal to or exceed $1,000,000; or
            (B) for any administrative costs associated with making 
        payments described in subparagraph (A).
        (2) Compliance.--
            (A) Self-certification.--Any application for unemployment 
        compensation under an unemployment compensation program of the 
        United States shall include a form or procedure for an 
        individual applicant to certify that such individual's wages 
        during the individual's base period do not equal or exceed 
        $1,000,000.
            (B) Verification.--Each State agency that is responsible 
        for administering any unemployment compensation program of the 
        United States shall utilize available systems to verify wage 
        eligibility by assessing claimant income to the degree 
        possible.
        (3) Recovery of overpayments.--Each State agency that is 
    responsible for administering any unemployment compensation program 
    of the United States shall require individuals who have received 
    amounts of unemployment compensation under such a program to which 
    they were not entitled to repay such amounts.
        (4) Effective date.--The prohibition under paragraph (1) shall 
    apply to weeks of unemployment beginning on or after the date of 
    the enactment of this Act.
    (b) Unemployment Compensation Program of the United States 
Defined.--In this section, the term ``unemployment compensation program 
of the United States'' means--
        (1) unemployment compensation for Federal civilian employees 
    under subchapter I of chapter 85 of title 5, United States Code;
        (2) unemployment compensation for ex-servicemembers under 
    subchapter II of chapter 85 of title 5, United States Code;
        (3) extended benefits under the Federal-State Extended 
    Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note);
        (4) any Federal temporary extension of unemployment 
    compensation;
        (5) any Federal program that increases the weekly amount of 
    unemployment compensation payable to individuals; and
        (6) any other Federal program providing for the payment of 
    unemployment compensation, as determined by the Secretary of Labor.

    TITLE VIII--COMMITTEE ON HEALTH, EDUCATION, LABOR, AND PENSIONS
                Subtitle A--Exemption of Certain Assets

SEC. 80001. EXEMPTION OF CERTAIN ASSETS.
    (a) Exemption of Certain Assets.--Section 480(f)(2) of the Higher 
Education Act of 1965 (20 U.S.C. 1087vv(f)(2)) is amended--
        (1) by striking ``net value of the'' and inserting the 
    following: ``net value of--
            ``(A) the'';
        (2) by striking the period at the end and inserting a 
    semicolon; and
        (3) by adding at the end the following:
            ``(B) a family farm on which the family resides;
            ``(C) a small business with not more than 100 full-time or 
        full-time equivalent employees (or any part of such a small 
        business) that is owned and controlled by the family; or
            ``(D) a commercial fishing business and related expenses, 
        including fishing vessels and permits owned and controlled by 
        the family.''.
    (b) Effective Date and Application.--The amendments made by 
subsection (a) shall take effect on July 1, 2026, and shall apply with 
respect to award year 2026-2027 and each subsequent award year, as 
determined under the Higher Education Act of 1965 (20 U.S.C. 1001 et 
seq.).

                        Subtitle B--Loan Limits

SEC. 81001. ESTABLISHMENT OF LOAN LIMITS FOR GRADUATE AND PROFESSIONAL 
STUDENTS AND PARENT BORROWERS; TERMINATION OF GRADUATE AND PROFESSIONAL 
PLUS LOANS.
    Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(a)) is amended--
        (1) in paragraph (3)--
            (A) in the paragraph heading, by inserting ``and federal 
        direct plus loans'' after ``loans'';
            (B) by striking subparagraph (A) and inserting the 
        following:
            ``(A) Termination of authority to make interest subsidized 
        loans to graduate and professional students.--Subject to 
        subparagraph (B), and notwithstanding any provision of this 
        part or part B--
                ``(i) for any period of instruction beginning on or 
            after July 1, 2012, a graduate or professional student 
            shall not be eligible to receive a Federal Direct Stafford 
            loan under this part; and
                ``(ii) for any period of instruction beginning on July 
            1, 2012, and ending on June 30, 2026, the maximum annual 
            amount of Federal Direct Unsubsidized Stafford loans such a 
            student may borrow in any academic year (as defined in 
            section 481(a)(2)) or its equivalent shall be the maximum 
            annual amount for such student determined under section 
            428H, plus an amount equal to the amount of Federal Direct 
            Stafford loans the student would have received in the 
            absence of this subparagraph.''; and
            (C) by adding at the end the following:
            ``(C) Termination of authority to make federal direct plus 
        loans to graduate and professional students.--Subject to 
        paragraph (8) and notwithstanding any provision of this part or 
        part B, for any period of instruction beginning on or after 
        July 1, 2026, a graduate or professional student shall not be 
        eligible to receive a Federal Direct PLUS Loan under this 
        part.''; and
        (2) by adding at the end the following:
        ``(4) Graduate and professional annual and aggregate limits for 
    federal direct unsubsidized stafford loans beginning july 1, 
    2026.--
            ``(A) Annual limits beginning july 1, 2026.--Subject to 
        paragraphs (7)(A) and (8), beginning on July 1, 2026, the 
        maximum annual amount of Federal Direct Unsubsidized Stafford 
        loans--
                ``(i) a graduate student, who is not a professional 
            student, may borrow in any academic year or its equivalent 
            shall be $20,500; and
                ``(ii) a professional student may borrow in any 
            academic year or its equivalent shall be $50,000.
            ``(B) Aggregate limits.--Subject to paragraphs (6), (7)(A), 
        and (8), beginning on July 1, 2026, the maximum aggregate 
        amount of Federal Direct Unsubsidized Stafford loans, in 
        addition to the amount borrowed for undergraduate education, 
        that--
                ``(i) a graduate student--

                    ``(I) who is not (and has not been) a professional 
                student, may borrow for programs of study described in 
                subparagraph (C)(i) shall be $100,000; or
                    ``(II) who is (or has been) a professional student, 
                may borrow for programs of study described in 
                subparagraph (C)(i) shall be an amount equal to--

                        ``(aa) $200,000; minus
                        ``(bb) the amount such student borrowed for 
                    programs of study described in subparagraph 
                    (C)(ii); and
                ``(ii) a professional student--

                    ``(I) who is not (and has not been) a graduate 
                student, may borrow for programs of study described in 
                subparagraph (C)(ii) shall be $200,000; or
                    ``(II) who is (or has been) a graduate student, may 
                borrow for programs of study described in subparagraph 
                (C)(ii) shall be an amount equal to--

                        ``(aa) $200,000; minus
                        ``(bb) the amount such student borrowed for 
                    programs of study described in subparagraph (C)(i).
            ``(C) Definitions.--
                ``(i) Graduate student.--The term `graduate student' 
            means a student enrolled in a program of study that awards 
            a graduate credential (other than a professional degree) 
            upon completion of the program.
                ``(ii) Professional student.--In this paragraph, the 
            term `professional student' means a student enrolled in a 
            program of study that awards a professional degree, as 
            defined under section 668.2 of title 34, Code of Federal 
            Regulations (as in effect on the date of enactment of this 
            paragraph), upon completion of the program.
        ``(5) Parent borrower annual and aggregate limits for federal 
    direct plus loans beginning july 1, 2026.--
            ``(A) Annual limits.--Subject to paragraph (8) and 
        notwithstanding any provision of this part or part B, beginning 
        on July 1, 2026, for each dependent student, the total maximum 
        annual amount of Federal Direct PLUS loans that may be borrowed 
        on behalf of that dependent student by all parents of that 
        dependent student shall be $20,000.
            ``(B) Aggregate limits.--Subject to paragraph (8) and 
        notwithstanding any provision of this part or part B, beginning 
        on July 1, 2026, for each dependent student, the total maximum 
        aggregate amount of Federal Direct PLUS loans that may be 
        borrowed on behalf of that dependent student by all parents of 
        that dependent student shall be $65,000, without regard to any 
        amounts repaid, forgiven, canceled, or otherwise discharged on 
        any such loan.
        ``(6) Lifetime maximum aggregate amount for all students.--
    Subject to paragraph (8) and notwithstanding any provision of this 
    part or part B, beginning on July 1, 2026, the maximum aggregate 
    amount of loans made, insured, or guaranteed under this title that 
    a student may borrow (other than a Federal Direct PLUS loan, or 
    loan under section 428B, made to the student as a parent borrower 
    on behalf of a dependent student) shall be $257,500, without regard 
    to any amounts repaid, forgiven, canceled, or otherwise discharged 
    on any such loan.
        ``(7) Additional rules regarding annual loan limits.--
            ``(A) Less than full-time enrollment.--Notwithstanding any 
        provision of this part or part B, in any case in which a 
        student is enrolled in a program of study of an institution of 
        higher education on less than a full-time basis during any 
        academic year, the amount of a loan that student may borrow for 
        an academic year or its equivalent shall be reduced in direct 
        proportion to the degree to which that student is not so 
        enrolled on a full-time basis, rounded to the nearest whole 
        percentage point, as provided in a schedule of reductions 
        published by the Secretary computed for purposes of this 
        subparagraph.
            ``(B) Institutionally determined limits.--Notwithstanding 
        the annual loan limits established under this section and, for 
        undergraduate students, under this part and part B, beginning 
        on July 1, 2026, an institution of higher education (at the 
        discretion of a financial aid administrator at the institution) 
        may limit the total amount of loans made under this part for a 
        program of study for an academic year that a student may 
        borrow, and that a parent may borrow on behalf of such student, 
        as long as any such limit is applied consistently to all 
        students enrolled in such program of study.
        ``(8) Interim exception for certain students.--
            ``(A) Application of prior limits.--Paragraphs (3)(C), (4), 
        (5), and (6) shall not apply, and paragraph (3)(A)(ii) shall 
        apply as such paragraph was in effect for periods of 
        instruction ending before June 30, 2026, during the expected 
        time to credential described in subparagraph (B), with respect 
        to an individual who, as of June 30, 2026--
                ``(i) is enrolled in a program of study at an 
            institution of higher education; and
                ``(ii) has received a loan (or on whose behalf a loan 
            was made) under this part for such program of study.
            ``(B) Expected time to credential.--For purposes of this 
        paragraph, the expected time to credential of an individual 
        shall be equal to the lesser of--
                ``(i) three academic years; or
                ``(ii) the period determined by calculating the 
            difference between--

                    ``(I) the program length for the program of study 
                in which the individual is enrolled; and
                    ``(II) the period of such program of study that 
                such individual has completed as of the date of the 
                determination under this subparagraph.

            ``(C) Definition of program length.--In this paragraph, the 
        term `program length' means the minimum amount of time in 
        weeks, months, or years that is specified in the catalog, 
        marketing materials, or other official publications of an 
        institution of higher education for a full-time student to 
        complete the requirements for a specific program of study.''.

                       Subtitle C--Loan Repayment

SEC. 82001. LOAN REPAYMENT.
    (a) Transition to Income-based Repayment Plans.--
        (1) Selection.--The Secretary of Education shall take such 
    steps as may be necessary to ensure that before July 1, 2028, each 
    borrower who has one or more loans that are in a repayment status 
    in accordance with, or an administrative forbearance associated 
    with, an income contingent repayment plan authorized under section 
    455(e) of the Higher Education Act of 1965 (referred to in this 
    subsection as ``covered income contingent loans'') selects one of 
    the following income-based repayment plans that is otherwise 
    applicable, and for which that borrower is otherwise eligible, for 
    the repayment of the covered income contingent loans of the 
    borrower:
            (A) The Repayment Assistance Plan under section 455(q) of 
        the Higher Education Act of 1965.
            (B) The income-based repayment plan under section 493C of 
        the Higher Education Act of 1965.
            (C) Any other repayment plan as authorized under section 
        455(d)(1) of the Higher Education Act of 1965.
        (2) Commencement of new repayment plan.--Beginning on July 1, 
    2028, a borrower described in paragraph (1) shall begin repaying 
    the covered income contingent loans of the borrower in accordance 
    with the repayment plan selected under paragraph (1), unless the 
    borrower chooses to begin repaying in accordance with the repayment 
    plan selected under paragraph (1) before such date.
        (3) Failure to select.--In the case of a borrower described in 
    paragraph (1) who fails to select a repayment plan in accordance 
    with such paragraph, the Secretary of Education shall--
            (A) enroll the covered income contingent loans of such 
        borrower in--
                (i) the Repayment Assistance Plan under section 455(q) 
            of the Higher Education Act of 1965 with respect to loans 
            that are eligible for the Repayment Assistance Plan under 
            such subsection; or
                (ii) the income-based repayment plan under section 493C 
            of such Act, with respect to loans that are not eligible 
            for the Repayment Assistance Plan; and
            (B) require the borrower to begin repaying covered income 
        contingent loans according to the plans under subparagraph (A) 
        on July 1, 2028.
    (b) Repayment Plans.--Section 455(d) of the Higher Education Act of 
1965 (20 U.S.C. 1087e(d)) is amended--
        (1) in paragraph (1)--
            (A) in the matter preceding subparagraph (A), by inserting 
        ``before July 1, 2026, who has not received a loan made under 
        this part on or after July 1, 2026,'' after ``made under this 
        part'';
            (B) in subparagraph (D)--
                (i) by inserting ``before June 30, 2028,'' before ``an 
            income contingent repayment plan''; and
                (ii) by striking ``and'' after the semicolon;
            (C) in subparagraph (E)--
                (i) by striking ``that enables borrowers who have a 
            partial financial hardship to make a lower monthly 
            payment'';
                (ii) by striking ``a Federal Direct Consolidation Loan, 
            if the proceeds of such loan were used to discharge the 
            liability on such Federal Direct PLUS Loan or a loan under 
            section 428B made on behalf of a dependent student'' and 
            inserting ``an excepted Consolidation Loan (as defined in 
            section 493C(a)(2))''; and
                (iii) by striking the period at the end and inserting 
            ``; and''; and
            (D) by adding at the end the following:
            ``(F) beginning on July 1, 2026, the income-based Repayment 
        Assistance Plan under subsection (q), provided that--
                ``(i) such Plan shall not be available for the 
            repayment of excepted loans (as defined in paragraph 
            (7)(E)); and
                ``(ii) the borrower is required to pay each outstanding 
            loan of the borrower made under this part under such 
            Repayment Assistance Plan, except that a borrower of an 
            excepted loan (as defined in paragraph (7)(E)) may repay 
            the excepted loan separately from other loans under this 
            part obtained by the borrower.'';
        (2) in paragraph (5), by amending subparagraph (B) to read as 
    follows:
            ``(B) repay the loan pursuant to an income-based repayment 
        plan under subsection (q) or section 493C, as applicable.''; 
        and
        (3) by adding at the end the following:
        ``(6) Termination and limitation of repayment authority.--
            ``(A) Sunset of repayment plans available before july 1, 
        2026.--Paragraphs (1) through (4) of this subsection shall only 
        apply to loans made under this part before July 1, 2026.
            ``(B) Prohibitions.--The Secretary may not, for any loan 
        made under this part on or after July 1, 2026--
                ``(i) authorize a borrower of such a loan to repay such 
            loan pursuant to a repayment plan that is not described in 
            paragraph (7)(A); or
                ``(ii) carry out or modify a repayment plan that is not 
            described in such paragraph.
        ``(7) Repayment plans for loans made on or after july 1, 
    2026.--
            ``(A) Design and selection.--Beginning on July 1, 2026, the 
        Secretary shall offer a borrower of a loan made under this part 
        on or after such date (including such a borrower who also has a 
        loan made under this part before such date) two plans for 
        repayment of the borrower's loans under this part, including 
        principal and interest on such loans. The borrower shall be 
        entitled to accelerate, without penalty, repayment on such 
        loans. The borrower may choose--
                ``(i) a standard repayment plan--

                    ``(I) with a fixed monthly repayment amount paid 
                over a fixed period of time equal to the applicable 
                period determined under subclause (II); and
                    ``(II) with the applicable period of time for 
                repayment determined based on the total outstanding 
                principal of all loans of the borrower made under this 
                part before, on, or after July 1, 2026, at the time the 
                borrower is entering repayment under such plan, as 
                follows--

                        ``(aa) for a borrower with total outstanding 
                    principal of less than $25,000, a period of 10 
                    years;
                        ``(bb) for a borrower with total outstanding 
                    principal of not less than $25,000 and less than 
                    $50,000, a period of 15 years;
                        ``(cc) for a borrower with total outstanding 
                    principal of not less than $50,000 and less than 
                    $100,000, a period of 20 years; and
                        ``(dd) for a borrower with total outstanding 
                    principal of $100,000 or more, a period of 25 
                    years; or
                ``(ii) the income-based Repayment Assistance Plan under 
            subsection (q).
            ``(B) Selection by secretary.--If a borrower of a loan made 
        under this part on or after July 1, 2026, does not select a 
        repayment plan described in subparagraph (A), the Secretary 
        shall provide the borrower with the standard repayment plan 
        described in subparagraph (A)(i).
            ``(C) Selection applies to all outstanding loans.--A 
        borrower is required to pay each outstanding loan of the 
        borrower made under this part under the same selected repayment 
        plan, except that a borrower who selects the Repayment 
        Assistance Plan and also has an excepted loan that is not 
        eligible for repayment under such Repayment Assistance Plan 
        shall repay the excepted loan separately from other loans under 
        this part obtained by the borrower.
            ``(D) Changes of repayment plan.--A borrower may change the 
        borrower's selection of--
                ``(i) the standard repayment plan under subparagraph 
            (A)(i), or the Secretary's selection of such plan for the 
            borrower under subparagraph (B), as the case may be, to the 
            Repayment Assistance Plan under subparagraph (A)(ii) at any 
            time; and
                ``(ii) the Repayment Assistance Plan under subparagraph 
            (A)(ii) to the standard repayment plan under subparagraph 
            (A)(i) at any time.
            ``(E) Repayment for borrowers with excepted loans made on 
        or after july 1, 2026.--
                ``(i) Standard repayment plan required.--
            Notwithstanding subparagraphs (A) through (D), beginning on 
            July 1, 2026, the Secretary shall require a borrower who 
            has received an excepted loan made on or after such date 
            (including such a borrower who also has an excepted loan 
            made before such date) to repay each excepted loan, 
            including principal and interest on those excepted loans, 
            under the standard repayment plan under subparagraph 
            (A)(i). The borrower shall be entitled to accelerate, 
            without penalty, repayment on such loans.
                ``(ii) Excepted loan defined.--For the purposes of this 
            paragraph, the term `excepted loan' means a loan with an 
            outstanding balance that is--

                    ``(I) a Federal Direct PLUS Loan that is made on 
                behalf of a dependent student; or
                    ``(II) a Federal Direct Consolidation Loan, if the 
                proceeds of such loan were used to discharge the 
                liability on--

                        ``(aa) an excepted PLUS loan, as defined in 
                    section 493C(a)(1); or
                        ``(bb) an excepted consolidation loan (as such 
                    term is defined in section 493C(a)(2)(A), 
                    notwithstanding subparagraph (B) of such 
                    section).''.
    (c) Elimination of Authority to Provide Income Contingent Repayment 
Plans.--
        (1) Repeal.--Subsection (e) of section 455 of the Higher 
    Education Act of 1965 (20 U.S.C. 1087e(e)) is repealed.
        (2) Further amendments to eliminate income contingent 
    repayment.--
            (A) Section 428 of the Higher Education Act of 1965 (20 
        U.S.C. 1078) is amended--
                (i) in subsection (b)(1)(D), by striking ``be subject 
            to income contingent repayment in accordance with 
            subsection (m)'' and inserting ``be subject to income-based 
            repayment in accordance with subsection (m)''; and
                (ii) in subsection (m)--

                    (I) in the subsection heading, by striking ``Income 
                Contingent and'';
                    (II) by amending paragraph (1) to read as follows:

        ``(1) Authority of secretary to require.--The Secretary may 
    require borrowers who have defaulted on loans made under this part 
    that are assigned to the Secretary under subsection (c)(8) to repay 
    those loans pursuant to an income-based repayment plan under 
    section 493C.''; and

                    (III) in the heading of paragraph (2), by striking 
                ``income contingent or''.

            (B) Section 428C of the Higher Education Act of 1965 (20 
        U.S.C. 1078-3) is amended--
                (i) in subsection (a)(3)(B)(i)(V)(aa), by striking 
            ``for the purposes of obtaining income contingent repayment 
            or income-based repayment'' and inserting ``for the 
            purposes of qualifying for an income-based repayment plan 
            under section 455(q) or section 493C, as applicable'';
                (ii) in subsection (b)(5), by striking ``be repaid 
            either pursuant to income contingent repayment under part D 
            of this title, pursuant to income-based repayment under 
            section 493C, or pursuant to any other repayment provision 
            under this section'' and inserting ``be repaid pursuant to 
            an income-based repayment plan under section 493C or any 
            other repayment provision under this section''; and
                (iii) in subsection (c)--

                    (I) in paragraph (2)(A), by striking ``or by the 
                terms of repayment pursuant to income contingent 
                repayment offered by the Secretary under subsection 
                (b)(5)'' and inserting ``or by the terms of repayment 
                pursuant to an income-based repayment plan under 
                section 493C''; and
                    (II) in paragraph (3)(B), by striking ``except as 
                required by the terms of repayment pursuant to income 
                contingent repayment offered by the Secretary under 
                subsection (b)(5)'' and inserting ``except as required 
                by the terms of repayment pursuant to an income-based 
                repayment plan under section 493C''.

            (C) Section 485(d)(1) of the Higher Education Act of 1965 
        (20 U.S.C. 1092(d)(1)) is amended by striking ``income-
        contingent and''.
            (D) Section 494(a)(2) of the Higher Education Act of 1965 
        (20 U.S.C. 1098h(a)(2)) is amended--
                (i) in the paragraph heading, by striking ``Income-
            contingent and income-based'' and inserting ``Income-
            based''; and
                (ii) in subparagraph (A)--

                    (I) in the matter preceding clause (i), by striking 
                ``income-contingent or''; and
                    (II) in clause (ii)(I), by striking ``section 
                455(e)(8) or the equivalent procedures established 
                under section 493C(c)(2)(B), as applicable'' and 
                inserting ``section 493C(c)(2)''.

        (3) Effective date.--The amendments made by this subsection 
    shall take effect on July 1, 2028.
    (d) Repayment Assistance Plan.--Section 455 of the Higher Education 
Act of 1965 (20 U.S.C. 1087e) is amended by adding at the end the 
following new subsection:
    ``(q) Repayment Assistance Plan.--
        ``(1) In general.--Notwithstanding any other provision of this 
    Act, beginning on July 1, 2026, the Secretary shall carry out an 
    income-based repayment plan (to be known as the `Repayment 
    Assistance Plan'), that shall have the following terms and 
    conditions:
            ``(A) The total monthly repayment amount owed by a borrower 
        for all of the loans of the borrower that are repaid pursuant 
        to the Repayment Assistance Plan shall be equal to the 
        applicable monthly payment of a borrower calculated under 
        paragraph (4)(B), except that the borrower may not be precluded 
        from repaying an amount that exceeds such amount for any month.
            ``(B) The Secretary shall apply the borrower's applicable 
        monthly payment under this paragraph first toward interest due 
        on each such loan, next toward any fees due on each loan, and 
        then toward the principal of each loan.
            ``(C) Any principal due and not paid under subparagraph (B) 
        or paragraph (2)(B) shall be deferred.
            ``(D) A borrower who is not in a period of deferment or 
        forbearance shall make an applicable monthly payment for each 
        month until the earlier of--
                ``(i) the date on which the outstanding balance of 
            principal and interest due on all of the loans of the 
            borrower that are repaid pursuant to the Repayment 
            Assistance Plan is $0; or
                ``(ii) the date on which the borrower has made 360 
            qualifying monthly payments.
            ``(E) The Secretary shall cancel any outstanding balance of 
        principal and interest due on a loan made under this part to a 
        borrower--
                ``(i) who, for any period of time, participated in the 
            Repayment Assistance Plan under this subsection;
                ``(ii) whose most recent payment for such loan prior to 
            the loan cancellation under this subparagraph was made 
            under such Repayment Assistance Plan; and
                ``(iii) who has made 360 qualifying monthly payments on 
            such loan.
            ``(F) For the purposes of this subsection, the term 
        `qualifying monthly payment' means any of the following:
                ``(i) An on-time applicable monthly payment under this 
            subsection.
                ``(ii) An on-time monthly payment under the standard 
            repayment plan under subsection (d)(7)(A)(i) of not less 
            than the monthly payment required under such plan.
                ``(iii) A monthly payment under any repayment plan 
            (excluding the Repayment Assistance Plan under this 
            subsection) of not less than the monthly payment that would 
            be required under a standard repayment plan under section 
            455(d)(1)(A) with a repayment period of 10 years.
                ``(iv) A monthly payment under section 493C of not less 
            than the monthly payment required under such section, 
            including a monthly payment equal to the minimum payment 
            amount permitted under such section.
                ``(v) A monthly payment made before July 1, 2028, under 
            an income contingent repayment plan carried out under 
            section 455(d)(1)(D) (or under an alternative repayment 
            plan in lieu of repayment under such an income contingent 
            repayment plan, if placed in such an alternative repayment 
            plan by the Secretary) of not less than the monthly payment 
            required under such a plan, including a monthly payment 
            equal to the minimum payment amount permitted under such a 
            plan.
                ``(vi) A month when the borrower did not make a payment 
            because the borrower was in deferment under subsection 
            (f)(2)(B) or due to an economic hardship described in 
            subsection (f)(2)(D).
                ``(vii) A month that ended before the date of enactment 
            of this subsection when the borrower did not make a payment 
            because the borrower was in a period of deferment or 
            forbearance described in section 685.209(k)(4)(iv) of title 
            34, Code of Federal Regulations (as in effect on the date 
            of enactment of this subsection).
            ``(G) The procedures established by the Secretary under 
        section 493C(c) shall apply for annually determining the 
        borrower's eligibility for the Repayment Assistance Plan, 
        including verification of a borrower's annual income and the 
        annual amount due on the total amount of loans eligible to be 
        repaid under this subsection, and such other procedures as are 
        necessary to effectively implement income-based repayment under 
        this subsection. With respect to carrying out section 494(a)(2) 
        for the Repayment Assistance Plan, an individual may elect to 
        opt out of the disclosures required under section 
        494(a)(2)(A)(ii) in accordance with the procedures established 
        under section 493C(c)(2).
        ``(2) Balance assistance for distressed borrowers.--
            ``(A) Interest subsidy.--With respect to a borrower of a 
        loan made under this part, for each month for which such a 
        borrower makes an on-time applicable monthly payment required 
        under paragraph (1)(A) and such monthly payment is insufficient 
        to pay the total amount of interest that accrues for the month 
        on all loans of the borrower repaid pursuant to the Repayment 
        Assistance Plan under this subsection, the amount of interest 
        accrued and not paid for the month shall not be charged to the 
        borrower.
            ``(B) Matching principal payment.--With respect to a 
        borrower of a loan made under this part and not in a period of 
        deferment or forbearance, for each month for which a borrower 
        makes an on-time applicable monthly payment required under 
        paragraph (1)(A) and such monthly payment reduces the total 
        outstanding principal balance of all loans of the borrower 
        repaid pursuant to the Repayment Assistance Plan under this 
        subsection by less than $50, the Secretary shall reduce such 
        total outstanding principal balance of the borrower by an 
        amount that is equal to--
                ``(i) the amount that is the lesser of--

                    ``(I) $50; or
                    ``(II) the total amount paid by the borrower for 
                such month pursuant to paragraph (1)(A); minus

                ``(ii) the total amount paid by the borrower for such 
            month pursuant to paragraph (1)(A) that is applied to such 
            total outstanding principal balance.
        ``(3) Additional documents.--A borrower who chooses, or is 
    required, to repay a loan under this subsection, and for whom 
    adjusted gross income is unavailable or does not reasonably reflect 
    the borrower's current income, shall provide to the Secretary other 
    documentation of income satisfactory to the Secretary, which 
    documentation the Secretary may use to determine repayment under 
    this subsection.
        ``(4) Definitions.--In this subsection:
            ``(A) Adjusted gross income.--The term `adjusted gross 
        income', when used with respect to a borrower, means the 
        adjusted gross income (as such term is defined in section 62 of 
        the Internal Revenue Code of 1986) of the borrower (and the 
        borrower's spouse, as applicable) for the most recent taxable 
        year, except that, in the case of a married borrower who files 
        a separate Federal income tax return, the term does not include 
        the adjusted gross income of the borrower's spouse.
            ``(B) Applicable monthly payment.--
                ``(i) In general.--Except as provided in clause (ii), 
            (iii), or (vi), the term `applicable monthly payment' 
            means, when used with respect to a borrower, the amount 
            equal to--

                    ``(I) the applicable base payment of the borrower, 
                divided by 12; minus
                    ``(II) $50 for each dependent of the borrower 
                (which, in the case of a married borrower filing a 
                separate Federal income tax return, shall include only 
                each dependent that the borrower claims on that 
                return).

                ``(ii) Minimum amount.--In the case of a borrower with 
            an applicable monthly payment amount calculated under 
            clause (i) that is less than $10, the applicable monthly 
            payment of the borrower shall be $10.
                ``(iii) Final payment.--In the case of a borrower whose 
            total outstanding balance of principal and interest on all 
            of the loans of the borrower that are repaid pursuant to 
            the Repayment Assistance Plan is less than the applicable 
            monthly payment calculated pursuant to clause (i) or (ii), 
            as applicable, then the applicable monthly payment of the 
            borrower shall be the total outstanding balance of 
            principal and interest on all such loans.
                ``(iv) Base payment.--The amount of the applicable base 
            payment for a borrower with an adjusted gross income of--

                    ``(I) not more than $10,000, is $120;
                    ``(II) more than $10,000 and not more than $20,000, 
                is 1 percent of such adjusted gross income;
                    ``(III) more than $20,000 and not more than 
                $30,000, is 2 percent of such adjusted gross income;
                    ``(IV) more than $30,000 and not more than $40,000, 
                is 3 percent of such adjusted gross income;
                    ``(V) more than $40,000 and not more than $50,000, 
                is 4 percent of such adjusted gross income;
                    ``(VI) more than $50,000 and not more than $60,000, 
                is 5 percent of such adjusted gross income;
                    ``(VII) more than $60,000 and not more than 
                $70,000, is 6 percent of such adjusted gross income;
                    ``(VIII) more than $70,000 and not more than 
                $80,000, is 7 percent of such adjusted gross income;
                    ``(IX) more than $80,000 and not more than $90,000, 
                is 8 percent of such adjusted gross income;
                    ``(X) more than $90,000 and not more than $100,000, 
                is 9 percent of such adjusted gross income; and
                    ``(XI) more than $100,000, is 10 percent of such 
                adjusted gross income.

                ``(v) Dependent.--For the purposes of this paragraph, 
            the term `dependent' means an individual who is a dependent 
            under section 152 of the Internal Revenue Code of 1986.
                ``(vi) Special rule.--In the case of a borrower who is 
            required by the Secretary to provide information to the 
            Secretary to determine the applicable monthly payment of 
            the borrower under this subparagraph, and who does not 
            comply with such requirement, the applicable monthly 
            payment of the borrower shall be--

                    ``(I) the sum of the monthly payment amounts the 
                borrower would have paid for each of the borrower's 
                loans made under this part under a standard repayment 
                plan with a fixed monthly repayment amount, paid over a 
                period of 10 years, based on the outstanding principal 
                due on such loan when such loan entered repayment; and
                    ``(II) determined pursuant to this clause until the 
                date on which the borrower provides such information to 
                the Secretary.''.

    (e) Federal Consolidation Loans.--Section 455(g) of the Higher 
Education Act of 1965 (20 U.S.C. 1087e(g)) is amended by adding at the 
end the following new paragraph:
        ``(3) Consolidation loans made on or after july 1, 2026.--A 
    Federal Direct Consolidation Loan offered to a borrower under this 
    part on or after July 1, 2026, may only be repaid pursuant to a 
    repayment plan described in clause (i) or (ii) of subsection 
    (d)(7)(A) of this section, as applicable, and the repayment 
    schedule of such a Consolidation Loan shall be determined in 
    accordance with such repayment plan.''.
    (f) Income-Based Repayment.--
        (1) Amendments.--
            (A) Excepted consolidation loan defined.--Section 
        493C(a)(2) of the Higher Education Act of 1965 (20 U.S.C. 
        1098e(a)(2)) is amended to read as follows:
        ``(2) Excepted consolidation loan.--
            ``(A) In general.--The term `excepted consolidation loan' 
        means--
                ``(i) a consolidation loan under section 428C, or a 
            Federal Direct Consolidation Loan, if the proceeds of such 
            loan were used to discharge the liability on an excepted 
            PLUS loan; or
                ``(ii) a consolidation loan under section 428C, or a 
            Federal Direct Consolidation Loan, if the proceeds of such 
            loan were used to discharge the liability on a 
            consolidation loan under section 428C, or a Federal Direct 
            Consolidation Loan described in clause (i).
            ``(B) Exclusion.--The term `excepted consolidation loan' 
        does not include a Federal Direct Consolidation Loan described 
        in subparagraph (A) that, on any date during the period 
        beginning on the date of enactment of this subparagraph and 
        ending on June 30, 2028, was being repaid--
                ``(i) pursuant to the Income Contingent Repayment (ICR) 
            plan in accordance with section 685.209(b) of title 34, 
            Code of Federal Regulations (as in effect on June 30, 
            2023); or
                ``(ii) pursuant to another income driven repayment 
            plan.''.
            (B) Termination of partial financial hardship 
        eligibility.--Section 493C(a)(3) of the Higher Education Act of 
        1965 (20 U.S.C. 1098e(a)(3)) is amended to read as follows:
        ``(3) Applicable amount.--The term `applicable amount' means 15 
    percent of the result obtained by calculating, on at least an 
    annual basis, the amount by which--
            ``(A) the borrower's, and the borrower's spouse's (if 
        applicable), adjusted gross income; exceeds
            ``(B) 150 percent of the poverty line applicable to the 
        borrower's family size as determined under section 673(2) of 
        the Community Services Block Grant Act (42 U.S.C. 9902(2)).''.
            (C) Terms of income-based repayment.--Section 493C(b) of 
        the Higher Education Act of 1965 (20 U.S.C. 1098e(b)) is 
        amended--
                (i) by amending paragraph (1) to read as follows:
        ``(1) a borrower of any loan made, insured, or guaranteed under 
    part B or D (other than an excepted PLUS loan or excepted 
    consolidation loan), may elect to have the borrower's aggregate 
    monthly payment for all such loans not exceed the applicable amount 
    divided by 12;'';
                (ii) by striking paragraph (6) and inserting the 
            following:
        ``(6) if the monthly payment amount calculated under this 
    section for all loans made to the borrower under part B or D (other 
    than an excepted PLUS loan or excepted consolidation loan) exceeds 
    the monthly amount calculated under section 428(b)(9)(A)(i) or 
    455(d)(1)(A), based on a 10-year repayment period, when the 
    borrower first made the election described in this subsection 
    (referred to in this paragraph as the `standard monthly repayment 
    amount'), or if the borrower no longer wishes to continue the 
    election under this subsection, then--
            ``(A) the maximum monthly payment required to be paid for 
        all loans made to the borrower under part B or D (other than an 
        excepted PLUS loan or excepted consolidation loan) shall be the 
        standard monthly repayment amount; and
            ``(B) the amount of time the borrower is permitted to repay 
        such loans may exceed 10 years;'';
                (iii) in paragraph (7)(B)(iv), by inserting ``(as such 
            section was in effect on the day before the date of the 
            repeal of section 455(e)'' after ``section 455(d)(1)(D)''; 
            and
                (iv) in paragraph (8), by inserting ``or the Repayment 
            Assistance Program under section 455(q)'' after ``standard 
            repayment plan''.
            (D) Eligibility determinations.--Section 493C(c) of the 
        Higher Education Act of 1965 (20 U.S.C. 1098e(c)) is amended to 
        read as follows:
    ``(c) Eligibility Determinations; Automatic Recertification.--
        ``(1) In general.--The Secretary shall establish procedures for 
    annually determining, in accordance with paragraph (2), the 
    borrower's eligibility for income-based repayment, including the 
    verification of a borrower's annual income and the annual amount 
    due on the total amount of loans made, insured, or guaranteed under 
    part B or D (other than an excepted PLUS loan or excepted 
    consolidation loan), and such other procedures as are necessary to 
    effectively implement income-based repayment under this section. 
    The Secretary shall consider, but is not limited to, the procedures 
    established in accordance with section 455(e)(1) (as in effect on 
    the day before the date of repeal of subsection (e) of section 455) 
    or in connection with income sensitive repayment schedules under 
    section 428(b)(9)(A)(iii) or 428C(b)(1)(E).
        ``(2) Automatic recertification.--
            ``(A) In general.--The Secretary shall establish and 
        implement, with respect to any borrower enrolled in an income-
        based repayment program under this section or under section 
        455(q), procedures to--
                ``(i) use return information disclosed under section 
            6103(l)(13) of the Internal Revenue Code of 1986, pursuant 
            to approval provided under section 494, to determine the 
            repayment obligation of the borrower without further action 
            by the borrower;
                ``(ii) allow the borrower (or the spouse of the 
            borrower), at any time, to opt out of disclosure under such 
            section 6103(l)(13) and instead provide such information as 
            the Secretary may require to determine the repayment 
            obligation of the borrower (or withdraw from the repayment 
            plan under this section or under section 455(q), as the 
            case may be); and
                ``(iii) provide the borrower with an opportunity to 
            update the return information so disclosed before the 
            determination of the repayment obligation of the borrower.
            ``(B) Applicability.--Subparagraph (A) shall apply to each 
        borrower of a loan eligible to be repaid under this section or 
        under section 455(q), who, on or after the date on which the 
        Secretary establishes procedures under such subparagraph (A)--
                ``(i) selects, or is required to repay such loan 
            pursuant to, an income-based repayment plan under this 
            section or under section 455(q); or
                ``(ii) recertifies income or family size under such 
            plan.''.
            (E) Special terms for new borrowers on and after july 1, 
        2014.--Section 493C(e) of the Higher Education Act of 1965 (20 
        U.S.C. 1098e(e)) is amended--
                (i) in the subsection heading, by inserting ``and 
            Before July 1, 2026'' after ``After July 1, 2014''; and
                (ii) by inserting ``and before July 1, 2026'' after 
            ``after July 1, 2014''.
        (2) Effective date and application.--The amendments made by 
    this subsection shall take effect on the date of enactment of this 
    title, and shall apply with respect to any borrower who is in 
    repayment before, on, or after the date of enactment of this title.
    (g) FFEL Adjustment.--Section 428(b)(9)(A)(v) of the Higher 
Education Act of 1965 (20 U.S.C. 1078(b)(9)(A)(v)) is amended by 
striking ``who has a partial financial hardship''.
SEC. 82002. DEFERMENT; FORBEARANCE.
    (a) Sunset of Economic Hardship and Unemployment Deferments.--
Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f)) 
is amended--
        (1) by striking the subsection heading and inserting the 
    following: ``Deferment; Forbearance'';
        (2) in paragraph (2)--
            (A) in subparagraph (B), by striking ``not in'' and 
        inserting ``subject to paragraph (7), not in''; and
            (B) in subparagraph (D), by striking ``not in'' and 
        inserting ``subject to paragraph (7), not in''; and
        (3) by adding at the end the following:
        ``(7) Sunset of unemployment and economic hardship 
    deferments.--A borrower who receives a loan made under this part on 
    or after July 1, 2027, shall not be eligible to defer such loan 
    under subparagraph (B) or (D) of paragraph (2).''.
    (b) Forbearance on Loans Made Under This Part on or After July 1, 
2027.--Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(f)) is amended by adding at the end the following:
        ``(8) Forbearance on loans made under this part on or after 
    july 1, 2027.--A borrower who receives a loan made under this part 
    on or after July 1, 2027, may only be eligible for a forbearance on 
    such loan pursuant to section 428(c)(3)(B) that does not exceed 9 
    months during any 24-month period.''.
SEC. 82003. LOAN REHABILITATION.
    (a) Updating Loan Rehabilitation Limits.--
        (1) FFEL and direct loans.--Section 428F(a)(5) of the Higher 
    Education Act of 1965 (20 U.S.C. 1078-6(a)(5)) is amended by 
    striking ``one time'' and inserting ``two times''.
        (2) Perkins loans.--Section 464(h)(1)(D) of the Higher 
    Education Act of 1965 (20 U.S.C. 1087dd(h)(1)(D)) is amended by 
    striking ``once'' and inserting ``twice''.
        (3) Effective date.--The amendments made by this subsection 
    shall take effect beginning on July 1, 2027, and shall apply with 
    respect to any loan made, insured, or guaranteed under title IV of 
    the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.).
    (b) Minimum Monthly Payment Amount.--Section 428F(a)(1)(B) of the 
Higher Education Act of 1965 (20 U.S.C. 1078-6(a)(1)(B)) is amended by 
adding at the end the following: ``With respect to a borrower who has 1 
or more loans made under part D on or after July 1, 2027 that are 
described in subparagraph (A), the total monthly payment of the 
borrower for all such loans shall not be less than $10.''.
SEC. 82004. PUBLIC SERVICE LOAN FORGIVENESS.
    Section 455(m)(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(m)(1)(A)) is amended--
        (1) in clause (iii), by striking ``; or'' and inserting a 
    semicolon;
        (2) in clause (iv), by striking ``; and'' and inserting ``(as 
    in effect on the day before the date of the repeal of subsection 
    (e) of this section); or''; and
        (3) by adding at the end the following new clause:
                ``(v) on-time payments under the Repayment Assistance 
            Plan under subsection (q); and''.
SEC. 82005. STUDENT LOAN SERVICING.
    Paragraph (1) of section 458(a) of the Higher Education Act of 1965 
(20 U.S.C. 1087h(a)(1)) is amended to read as follows:
        ``(1) Additional mandatory funds for servicing.--There shall be 
    available to the Secretary (in addition to any other amounts 
    appropriated under any appropriations Act for administrative costs 
    under this part and part B and out of any money in the Treasury not 
    otherwise appropriated) $1,000,000,000 to be obligated for 
    administrative costs under this part and part B, including the 
    costs of servicing the direct student loan programs under this 
    part, which shall remain available until expended.''.

                        Subtitle D--Pell Grants

SEC. 83001. ELIGIBILITY.
    (a) Foreign Income and Federal Pell Grant Eligibility.--
        (1) Adjusted gross income defined.--Section 401(a)(2)(A) of the 
    Higher Education Act of 1965 (20 U.S.C. 1070a(a)(2)(A)) is amended 
    to read as follows:
            ``(A) the term `adjusted gross income' means--
                ``(i) in the case of a dependent student, for the 
            second tax year preceding the academic year--

                    ``(I) the adjusted gross income (as defined in 
                section 62 of the Internal Revenue Code of 1986) of the 
                student's parents; plus
                    ``(II) for Federal Pell Grant determinations made 
                for academic years beginning on or after July 1, 2026, 
                the foreign income (as described in section 480(b)(5)) 
                of the student's parents; and

                ``(ii) in the case of an independent student, for the 
            second tax year preceding the academic year--

                    ``(I) the adjusted gross income (as defined in 
                section 62 of the Internal Revenue Code of 1986) of the 
                student (and the student's spouse, if applicable); plus
                    ``(II) for Federal Pell Grant determinations made 
                for academic years beginning on or after July 1, 2026, 
                the foreign income (as described in section 480(b)(5)) 
                of the student (and the student's spouse, if 
                applicable);''.

        (2) Sunset.--Section 401(b)(1)(D) of the Higher Education Act 
    of 1965 (20 U.S.C. 1070a(b)(1)(D)) is amended--
            (A) by striking ``A student'' and inserting ``For each 
        academic year beginning before July 1, 2026, a student''; and
            (B) by inserting ``, as in effect for such academic year,'' 
        after ``section 479A(b)(1)(B)(v)''.
        (3) Conforming amendments.--
            (A) In general.--Section 479A(b)(1)(B) of the Higher 
        Education Act of 1965 (20 U.S.C. 1087tt(b)(1)(B)) is amended--
                (i) by striking clause (v); and
                (ii) by redesignating clauses (vi) and (vii) as clauses 
            (v) and (vi), respectively.
            (B) Effective date.--The amendment made by subparagraph (A) 
        shall take effect on July 1, 2026.
    (b) Federal Pell Grant Ineligibility Due to a High Student Aid 
Index.--
        (1) In general.--Section 401(b)(1) of the Higher Education Act 
    of 1965 (20 U.S.C. 1070a(b)(1)) is amended by adding at the end the 
    following:
            ``(F) Ineligibility of students with a high student aid 
        index.--Notwithstanding subparagraphs (A) through (E), a 
        student shall not be eligible for a Federal Pell Grant under 
        this subsection for an academic year in which the student has a 
        student aid index that equals or exceeds twice the amount of 
        the total maximum Federal Pell Grant for such academic year.''.
        (2) Effective date.--The amendment made by paragraph (1) shall 
    take effect on July 1, 2026.
SEC. 83002. WORKFORCE PELL GRANTS.
    (a) In General.--Section 401 of the Higher Education Act of 1965 
(20 U.S.C. 1070a) is amended by adding at the end the following:
    ``(k) Workforce Pell Grant Program.--
        ``(1) In general.--For the award year beginning on July 1, 
    2026, and each subsequent award year, the Secretary shall award 
    grants (to be known as `Workforce Pell Grants') to eligible 
    students under paragraph (2) in accordance with this subsection.
        ``(2) Eligible students.--To be eligible to receive a Workforce 
    Pell Grant under this subsection for any period of enrollment, a 
    student shall meet the eligibility requirements for a Federal Pell 
    Grant under this section, except that the student--
            ``(A) shall be enrolled, or accepted for enrollment, in an 
        eligible program under section 481(b)(3) (hereinafter referred 
        to as an `eligible workforce program'); and
            ``(B) may not--
                ``(i) be enrolled, or accepted for enrollment, in a 
            program of study that leads to a graduate credential; or
                ``(ii) have attained such a credential.
        ``(3) Terms and conditions of awards.--The Secretary shall 
    award Workforce Pell Grants under this subsection in the same 
    manner and with the same terms and conditions as the Secretary 
    awards Federal Pell Grants under this section, except that--
            ``(A) each use of the term `eligible program' (except in 
        subsection (b)(9)(A)) shall be substituted by `eligible 
        workforce program under section 481(b)(3)';
            ``(B) the provisions of subsection (d)(2) shall not be 
        applicable to eligible workforce programs; and
            ``(C) a student who is eligible for a grant equal to less 
        than the amount of the minimum Federal Pell Grant because the 
        eligible workforce program in which the student is enrolled or 
        accepted for enrollment is less than an academic year (in hours 
        of instruction or weeks of duration) may still be eligible for 
        a Workforce Pell Grant in an amount that is prorated based on 
        the length of the program.
        ``(4) Prevention of double benefits.--No eligible student 
    described in paragraph (2) may concurrently receive a grant under 
    both this subsection and--
            ``(A) subsection (b); or
            ``(B) subsection (c).
        ``(5) Duration limit.--Any period of study covered by a 
    Workforce Pell Grant awarded under this subsection shall be 
    included in determining a student's duration limit under subsection 
    (d)(5).''.
    (b) Program Eligibility for Workforce Pell Grants.--Section 481(b) 
of the Higher Education Act of 1965 (20 U.S.C. 1088(b)) is amended--
        (1) by redesignating paragraphs (3) and (4) as paragraphs (4) 
    and (5), respectively; and
        (2) by inserting after paragraph (2) the following:
        ``(3)(A) A program is an eligible program for purposes of the 
    Workforce Pell Grant program under section 401(k) only if--
            ``(i) it is a program of at least 150 clock hours of 
        instruction, but less than 600 clock hours of instruction, or 
        an equivalent number of credit hours, offered by an eligible 
        institution during a minimum of 8 weeks, but less than 15 
        weeks;
            ``(ii) it is not offered as a correspondence course, as 
        defined in 600.2 of title 34, Code of Federal Regulations (as 
        in effect on July 1, 2021);
            ``(iii) the Governor of a State, after consultation with 
        the State board, determines that the program--
                ``(I) provides an education aligned with the 
            requirements of high-skill, high-wage (as identified by the 
            State pursuant to section 122 of the Carl D. Perkins Career 
            and Technical Education Act (20 U.S.C. 2342)), or in-demand 
            industry sectors or occupations;
                ``(II) meets the hiring requirements of potential 
            employers in the sectors or occupations described in 
            subclause (I);
                ``(III) either--

                    ``(aa) leads to a recognized postsecondary 
                credential that is stackable and portable across more 
                than one employer; or
                    ``(bb) with respect to students enrolled in the 
                program--

                        ``(AA) prepares such students for employment in 
                    an occupation for which there is only one 
                    recognized postsecondary credential; and
                        ``(BB) provides such students with such a 
                    credential upon completion of such program; and
                ``(IV) prepares students to pursue 1 or more 
            certificate or degree programs at 1 or more institutions of 
            higher education (which may include the eligible 
            institution providing the program), including by ensuring--

                    ``(aa) that a student, upon completion of the 
                program and enrollment in such a related certificate or 
                degree program, will receive academic credit for the 
                Workforce Pell program that will be accepted toward 
                meeting such certificate or degree program 
                requirements; and
                    ``(bb) the acceptability of such credit toward 
                meeting such certificate or degree program 
                requirements; and

            ``(iv) after the Governor of such State makes the 
        determination that the program meets the requirements under 
        clause (iii), the Secretary determines that--
                ``(I) the program has been offered by the eligible 
            institution for not less than 1 year prior to the date on 
            which the Secretary makes a determination under this 
            clause;
                ``(II) for each award year, the program has a verified 
            completion rate of at least 70 percent, within 150 percent 
            of the normal time for completion;
                ``(III) for each award year, the program has a verified 
            job placement rate of at least 70 percent, measured 180 
            days after completion; and
                ``(IV) for each award year, the total amount of the 
            published tuition and fees of the program for such year is 
            an amount that does not exceed the value-added earnings of 
            students who received Federal financial aid under this 
            title and who completed the program 3 years prior to the 
            award year, as such earnings are determined by calculating 
            the difference between--

                    ``(aa) the median earnings of such students, as 
                adjusted by the State and metropolitan area regional 
                price parities of the Bureau of Economic Analysis based 
                on the location of such program; and
                    ``(bb) 150 percent of the poverty line applicable 
                to a single individual as determined under section 
                673(2) of the Community Services Block Grant Act (42 
                U.S.C. 9902(2)) for such year.

        ``(B) In this paragraph:
            ``(i) The term `eligible institution' means an eligible 
        institution for purposes of section 401.
            ``(ii) The term `Governor' means the chief executive of a 
        State.
            ``(iii) The terms `in-demand industry sector or 
        occupation', `recognized postsecondary credential', and `State 
        board' have the meanings given such terms in section 3 of the 
        Workforce Innovation and Opportunity Act.''.
    (c) Effective Date; Applicability.--The amendments made by this 
section shall take effect on July 1, 2026, and shall apply with respect 
to award year 2026-2027 and each succeeding award year.
SEC. 83003. PELL SHORTFALL.
    Section 401(b)(7)(A)(iii) of the Higher Education Act of 1965 (20 
U.S.C. 1070a(b)(7)(A)(iii)) is amended by striking ``$2,170,000,000'' 
and inserting ``$12,670,000,000''.
SEC. 83004. FEDERAL PELL GRANT EXCLUSION RELATING TO OTHER GRANT AID.
    Section 401(d) of the Higher Education Act of 1965 (20 U.S.C. 
1070a(d)) is amended by adding at the end the following:
        ``(6) Exclusion.--Beginning on July 1, 2026, and 
    notwithstanding this subsection or subsection (b), a student shall 
    not be eligible for a Federal Pell Grant under subsection (b) 
    during any period for which the student receives grant aid from 
    non-Federal sources, including States, institutions of higher 
    education, or private sources, in an amount that equals or exceeds 
    the student's cost of attendance for such period.''.

                       Subtitle E--Accountability

SEC. 84001. INELIGIBILITY BASED ON LOW EARNING OUTCOMES.
    Section 454 of the Higher Education Act of 1965 (20 U.S.C. 1087d) 
is amended--
        (1) in subsection (a)--
            (A) in paragraph (5), by striking ``and'' after the 
        semicolon;
            (B) by redesignating paragraph (6) as paragraph (7); and
            (C) by inserting after paragraph (5) the following:
        ``(6) provide assurances that, beginning July 1, 2026, the 
    institution will comply with all requirements of subsection (c); 
    and'';
        (2) in subsection (b)(2), by striking ``and (6)'' and inserting 
    ``(6), and (7)'';
        (3) by redesignating subsection (c) as subsection (d); and
        (4) by inserting after subsection (b) the following:
    ``(c) Ineligibility for Certain Programs Based on Low Earning 
Outcomes.--
        ``(1) In general.--Notwithstanding section 481(b), an 
    institution of higher education subject to this subsection shall 
    not use funds under this part for student enrollment in an 
    educational program offered by the institution that is described in 
    paragraph (2).
        ``(2) Low-earning outcome programs described.--An educational 
    program at an institution is described in this paragraph if the 
    program awards an undergraduate degree, graduate or professional 
    degree, or graduate certificate, for which the median earnings (as 
    determined by the Secretary) of the programmatic cohort of students 
    who received funds under this title for enrollment in such program, 
    who completed such program during the academic year that is 4 years 
    before the year of the determination, who are not enrolled in any 
    institution of higher education, and who are working, are, for not 
    less than 2 of the 3 years immediately preceding the date of the 
    determination, less than the median earnings of a working adult 
    described in paragraph (3) for the corresponding year.
        ``(3) Calculation of median earnings.--
            ``(A) Working adult.--For purposes of applying paragraph 
        (2) to an educational program at an institution, a working 
        adult described in this paragraph is a working adult who, for 
        the corresponding year--
                ``(i) is aged 25 to 34;
                ``(ii) is not enrolled in an institution of higher 
            education; and
                ``(iii)(I) in the case of a determination made for an 
            educational program that awards a baccalaureate or lesser 
            degree, has only a high school diploma or its recognized 
            equivalent; or
                ``(II) in the case of a determination made for a 
            graduate or professional program, has only a baccalaureate 
            degree.
            ``(B) Source of data.--For purposes of applying paragraph 
        (2) to an educational program at an institution, the median 
        earnings of a working adult, as described in subparagraph (A), 
        shall be based on data from the Bureau of the Census--
                ``(i) with respect to an educational program that 
            awards a baccalaureate or lesser degree--

                    ``(I) for the State in which the institution is 
                located; or
                    ``(II) if fewer than 50 percent of the students 
                enrolled in the institution reside in the State where 
                the institution is located, for the entire United 
                States; and

                ``(ii) with respect to an educational program that is a 
            graduate or professional program--

                    ``(I) for the lowest median earnings of--

                        ``(aa) a working adult in the State in which 
                    the institution is located;
                        ``(bb) a working adult in the same field of 
                    study (as determined by the Secretary, such as by 
                    using the 2-digit CIP code) in the State in which 
                    the institution is located; and
                        ``(cc) a working adult in the same field of 
                    study (as so determined) in the entire United 
                    States; or

                    ``(II) if fewer than 50 percent of the students 
                enrolled in the institution reside in the State where 
                the institution is located, for the lower median 
                earnings of--

                        ``(aa) a working adult in the entire United 
                    States; or
                        ``(bb) a working adult in the same field of 
                    study (as so determined) in the entire United 
                    States.
        ``(4) Small programmatic cohorts.--For any year for which the 
    programmatic cohort described in paragraph (2) for an educational 
    program of an institution is fewer than 30 individuals, the 
    Secretary shall--
            ``(A) first, aggregate additional years of programmatic 
        data in order to achieve a cohort of at least 30 individuals; 
        and
            ``(B) second, in cases in which the cohort (including the 
        individuals added under subparagraph (A)) is still fewer than 
        30 individuals, aggregate additional cohort years of 
        programmatic data for educational programs of equivalent length 
        in order to achieve a cohort of at least 30 individuals.
        ``(5) Appeals process.--An educational program shall not lose 
    eligibility under this subsection unless the institution has had 
    the opportunity to appeal the programmatic median earnings of 
    students working and not enrolled determination under paragraph 
    (2), through a process established by the Secretary. During such 
    appeal, the Secretary may permit the educational program to 
    continue to participate in the program under this part.
        ``(6) Notice to students.--
            ``(A) In general.--If an educational program of an 
        institution of higher education subject to this subsection does 
        not meet the cohort median earning requirements, as described 
        in paragraph (2), for one year during the applicable covered 
        period but has not yet failed to meet such requirements for 2 
        years during such covered period, the institution shall 
        promptly inform each student enrolled in the educational 
        program of the eligible program's low cohort median earnings 
        and that the educational program is at risk of losing its 
        eligibility for funds under this part.
            ``(B) Covered period.--In this paragraph, the term `covered 
        period' means the period of the 3 years immediately preceding 
        the date of a determination made under paragraph (2).
        ``(7) Regaining programmatic eligibility.--The Secretary shall 
    establish a process by which an institution of higher education 
    that has an educational program that has lost eligibility under 
    this subsection may, after a period of not less than 2 years of 
    such program's ineligibility, apply to regain such eligibility, 
    subject to the requirements established by the Secretary that 
    further the purpose of this subsection.''.

                     Subtitle F--Regulatory Relief

SEC. 85001. DELAY OF RULE RELATING TO BORROWER DEFENSE TO REPAYMENT.
    (a) Delay.--Beginning on the date of enactment of this section, for 
loans that first originate before July 1, 2035, the provisions of 
subpart D of part 685 of title 34, Code of Federal Regulations 
(relating to borrower defense to repayment), as added or amended by the 
final regulations published by the Department of Education on November 
1, 2022, and titled ``Institutional Eligibility Under the Higher 
Education Act of 1965, as Amended; Student Assistance General 
Provisions; Federal Perkins Loan Program; Federal Family Education Loan 
Program; and William D. Ford Federal Direct Loan Program'' (87 Fed. 
Reg. 65904) shall not be in effect.
    (b) Effect.--Beginning on the date of enactment of this section, 
with respect to loans that first originate before July 1, 2035, any 
regulations relating to borrower defense to repayment that took effect 
on July 1, 2020, are restored and revived as such regulations were in 
effect on such date.
SEC. 85002. DELAY OF RULE RELATING TO CLOSED SCHOOL DISCHARGES.
    (a) Delay.--Beginning on the date of enactment of this section, for 
loans that first originate before July 1, 2035, the provisions of 
sections 674.33(g), 682.402(d), and 685.214 of title 34, Code of 
Federal Regulations (relating to closed school discharges), as added or 
amended by the final regulations published by the Department of 
Education on November 1, 2022, and titled ``Institutional Eligibility 
Under the Higher Education Act of 1965, as Amended; Student Assistance 
General Provisions; Federal Perkins Loan Program; Federal Family 
Education Loan Program; and William D. Ford Federal Direct Loan 
Program'' (87 Fed. Reg. 65904), shall not be in effect.
    (b) Effect.--Beginning on the date of enactment of this section, 
with respect to loans that first originate before July 1, 2035, the 
portions of the Code of Federal Regulations described in subsection (a) 
and amended by the final regulations described in subsection (a) shall 
be in effect as if the amendments made by such final regulations had 
not been made.

                      Subtitle G--Garden of Heroes

SEC. 86001. GARDEN OF HEROES.
    In addition to amounts otherwise available, there are appropriated 
to the National Endowment for the Humanities for fiscal year 2025, out 
of any money in the Treasury not otherwise appropriated, to remain 
available through fiscal year 2028, $40,000,000 for the procurement of 
statues as described in Executive Order 13934 (85 Fed. Reg. 41165; 
relating to building and rebuilding monuments to American heroes), 
Executive Order 13978 (86 Fed. Reg. 6809; relating to building the 
National Garden of American Heroes), and Executive Order 14189 (90 Fed. 
Reg. 8849; relating to celebrating America's birthday).

               Subtitle H--Office of Refugee Resettlement

SEC. 87001. POTENTIAL SPONSOR VETTING FOR UNACCOMPANIED ALIEN CHILDREN 
APPROPRIATION.
    (a) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Office of Refugee Resettlement for fiscal 
year 2025, out of any money in the Treasury not otherwise appropriated, 
$300,000,000, to remain available until September 30, 2028, for the 
purposes described in subsection (b).
    (b) Use of Funds.--The funds made available under subsection (a) 
may only be used for the Office of Refugee Resettlement to support 
costs associated with--
        (1) background checks on potential sponsors, which shall 
    include--
            (A) the name of the potential sponsor and of all adult 
        residents of the potential sponsor's household;
            (B) the social security number or tax payer identification 
        number of the potential sponsor and of all adult residents of 
        the potential sponsor's household;
            (C) the date of birth of the potential sponsor and of all 
        adult residents of the potential sponsor's household;
            (D) the validated location of the residence at which the 
        unaccompanied alien child will be placed;
            (E) an in-person or virtual interview with, and suitability 
        study concerning, the potential sponsor and all adult residents 
        of the potential sponsor's household;
            (F) contact information for the potential sponsor and for 
        all adult residents of the potential sponsor's household; and
            (G) the results of all background and criminal records 
        checks for the potential sponsor and for all adult residents of 
        the potential sponsor's household, which shall include, at a 
        minimum, an investigation of the public records sex offender 
        registry, a public records background check, and a national 
        criminal history check based on fingerprints;
        (2) home studies of potential sponsors of unaccompanied alien 
    children;
        (3) determining whether an unaccompanied alien child poses a 
    danger to self or others by conducting an examination of the 
    unaccompanied alien child for gang-related tattoos and other gang-
    related markings and covering such tattoos or markings while the 
    child is in the care of the Office of Refugee Resettlement;
        (4) data systems improvement and sharing that supports the 
    health, safety, and well being of unaccompanied alien children by 
    determining the appropriateness of potential sponsors of 
    unaccompanied alien children and of adults residing in the 
    household of the potential sponsor and by assisting with the 
    identification and investigation of child labor exploitation and 
    child trafficking; and
        (5) coordinating and communicating with State child welfare 
    agencies regarding the placement of unaccompanied alien children in 
    such States by the Office of Refugee Resettlement.
    (c) Definitions.--In this section:
        (1) Potential sponsor.--The term ``potential sponsor'' means an 
    individual or entity who applies for the custody of an 
    unaccompanied alien child.
        (2) Unaccompanied alien child.--The term ``unaccompanied alien 
    child'' has the meaning given such term in section 462(g) of the 
    Homeland Security Act of 2002 (6 U.S.C. 279(g)).

   TITLE IX--COMMITTEE ON HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS
                Subtitle A--Homeland Security Provisions

SEC. 90001. BORDER INFRASTRUCTURE AND WALL SYSTEM.
    In addition to amounts otherwise available, there is appropriated 
to the Commissioner of U.S. Customs and Border Protection for fiscal 
year 2025, out of any money in the Treasury not otherwise appropriated, 
to remain available until September 30, 2029, $46,550,000,000 for 
necessary expenses relating to the following elements of the border 
infrastructure and wall system:
        (1) Construction, installation, or improvement of new or 
    replacement primary, waterborne, and secondary barriers.
        (2) Access roads.
        (3) Barrier system attributes, including cameras, lights, 
    sensors, and other detection technology.
        (4) Any work necessary to prepare the ground at or near the 
    border to allow U.S. Customs and Border Protection to conduct its 
    operations, including the construction and maintenance of the 
    barrier system.
SEC. 90002. U.S. CUSTOMS AND BORDER PROTECTION PERSONNEL, FLEET 
VEHICLES, AND FACILITIES.
    (a) In General.--In addition to amounts otherwise available, there 
is appropriated to the Commissioner of U.S. Customs and Border 
Protection for fiscal year 2025, out of any money in the Treasury not 
otherwise appropriated, the following:
        (1) Personnel.--$4,100,000,000, to remain available until 
    September 30, 2029, to hire and train additional Border Patrol 
    agents, Office of Field Operations officers, Air and Marine agents, 
    rehired annuitants, and U.S. Customs and Border Protection field 
    support personnel.
        (2) Retention, hiring, and performance bonuses.--
    $2,052,630,000, to remain available until September 30, 2029, to 
    provide recruitment bonuses, performance awards, or annual 
    retention bonuses to eligible Border Patrol agents, Office of Field 
    Operations officers, and Air and Marine agents.
        (3) Vehicles.--$855,000,000, to remain available until 
    September 30, 2029, for the repair of existing patrol units and the 
    lease or acquisition of additional patrol units.
        (4) Facilities.--$5,000,000,000 for necessary expenses relating 
    to lease, acquisition, construction, design, or improvement of 
    facilities and checkpoints owned, leased, or operated by U.S. 
    Customs and Border Protection.
    (b) Restriction.--None of the funds made available by subsection 
(a) may be used to recruit, hire, or train personnel for the duties of 
processing coordinators after October 31, 2028.
SEC. 90003. DETENTION CAPACITY.
    (a) In General.--In addition to any amounts otherwise appropriated, 
there is appropriated to U.S. Immigration and Customs Enforcement for 
fiscal year 2025, out of any money in the Treasury not otherwise 
appropriated, to remain available until September 30, 2029, 
$45,000,000,000, for single adult alien detention capacity and family 
residential center capacity.
    (b) Duration and Standards.--Aliens may be detained at family 
residential centers, as described in subsection (a), pending a 
decision, under the Immigration and Nationality Act (8 U.S.C. 1101 et 
seq.), on whether the aliens are to be removed from the United States 
and, if such aliens are ordered removed from the United States, until 
such aliens are removed. The detention standards for the single adult 
detention capacity described in subsection (a) shall be set in the 
discretion of the Secretary of Homeland Security, consistent with 
applicable law.
    (c) Definition of Family Residential Center.--In this section, the 
term ``family residential center'' means a facility used by the 
Department of Homeland Security to detain family units of aliens 
(including alien children who are not unaccompanied alien children (as 
defined in section 462(g) of the Homeland Security Act of 2002 (6 
U.S.C. 279(g)))) who are encountered or apprehended by the Department 
of Homeland Security.
SEC. 90004. BORDER SECURITY, TECHNOLOGY, AND SCREENING.
    (a) In General.--In addition to amounts otherwise available, there 
is appropriated to the Commissioner of U.S. Customs and Border 
Protection for fiscal year 2025, out of any money in the Treasury not 
otherwise appropriated, to remain available until September 30, 2029, 
$6,168,000,000 for the following:
        (1) Procurement and integration of new nonintrusive inspection 
    equipment and associated civil works, including artificial 
    intelligence, machine learning, and other innovative technologies, 
    as well as other mission support, to combat the entry or exit of 
    illicit narcotics at ports of entry and along the southwest, 
    northern, and maritime borders.
        (2) Air and Marine operations' upgrading and procurement of new 
    platforms for rapid air and marine response capabilities.
        (3) Upgrades and procurement of border surveillance 
    technologies along the southwest, northern, and maritime borders.
        (4) Necessary expenses, including the deployment of technology, 
    relating to the biometric entry and exit system under section 7208 
    of the Intelligence Reform and Terrorism Prevention Act of 2004 (8 
    U.S.C. 1365b).
        (5) Screening persons entering or exiting the United States.
        (6) Initial screenings of unaccompanied alien children (as 
    defined in section 462(g) of the Homeland Security Act of 2002 (6 
    U.S.C. 279(g))), consistent with the William Wilberforce 
    Trafficking Victims Protection Reauthorization Act of 2008 (Public 
    Law 110-457; 122 Stat. 5044).
        (7) Enhancing border security by combating drug trafficking, 
    including fentanyl and its precursor chemicals, at the southwest, 
    northern, and maritime borders.
        (8) Commemorating efforts and events related to border 
    security.
    (b) Restrictions.--None of the funds made available under 
subsection (a) may be used for the procurement or deployment of 
surveillance towers along the southwest border and northern border that 
have not been tested and accepted by U.S. Customs and Border Protection 
to deliver autonomous capabilities.
    (c) Definition of Autonomous.--In this section, with respect to 
capabilities, the term ``autonomous'' means a system designed to apply 
artificial intelligence, machine learning, computer vision, or other 
algorithms to accurately detect, identify, classify, and track items of 
interest in real time such that the system can make operational 
adjustments without the active engagement of personnel or continuous 
human command or control.
SEC. 90005. STATE AND LOCAL ASSISTANCE.
    (a) State Homeland Security Grant Programs.--
        (1) In general.--In addition to amounts otherwise available, 
    there is appropriated to the Administrator of the Federal Emergency 
    Management Agency for fiscal year 2025, out of any money in the 
    Treasury not otherwise appropriated, to remain available until 
    September 30, 2029, to be administered under the State Homeland 
    Security Grant Program authorized under section 2004 of the 
    Homeland Security Act of 2002 (6 U.S.C. 605), to enhance State, 
    local, and Tribal security through grants, contracts, cooperative 
    agreements, and other activities--
            (A) $500,000,000 for State and local capabilities to 
        detect, identify, track, or monitor threats from unmanned 
        aircraft systems (as such term is defined in section 44801 of 
        title 49, United States Code), consistent with titles 18 and 49 
        of the United States Code;
            (B) $625,000,000 for security and other costs related to 
        the 2026 FIFA World Cup;
            (C) $1,000,000,000 for security, planning, and other costs 
        related to the 2028 Olympics; and
            (D) $450,000,000 for the Operation Stonegarden Grant 
        Program.
        (2) Terms and conditions.--None of the funds made available 
    under subparagraph (B) or (C) of paragraph (1) shall be subject to 
    the requirements of section 2004(e)(1) or section 2008(a)(12) of 
    the Homeland Security Act of 2002 (6 U.S.C. 605(e)(1), 609(a)(12)).
    (b) State Border Security Reinforcement Fund.--
        (1) Establishment.--There is established, in the Department of 
    Homeland Security, a fund to be known as the ``State Border 
    Security Reinforcement Fund.''
        (2) Purposes.--The Secretary of Homeland Security shall use 
    amounts appropriated or otherwise made available for the Fund for 
    grants to eligible States and units of local government for any of 
    the following purposes:
            (A) Construction or installation of a border wall, border 
        fencing or other barrier, or buoys along the southern border of 
        the United States, which may include planning, procurement of 
        materials, and personnel costs related to such construction or 
        installation.
            (B) Any work necessary to prepare the ground at or near 
        land borders to allow construction and maintenance of a border 
        wall or other barrier fencing.
            (C) Detection and interdiction of illicit substances and 
        aliens who have unlawfully entered the United States and have 
        committed a crime under Federal, State, or local law, and 
        transfer or referral of such aliens to the Department of 
        Homeland Security as provided by law.
            (D) Relocation of aliens who are unlawfully present in the 
        United States from small population centers to other domestic 
        locations.
        (3) Appropriation.--In addition to amounts otherwise available 
    for the purposes described in paragraph (2), there is appropriated 
    for fiscal year 2025, out of any money in the Treasury not 
    otherwise appropriated, to the Department of Homeland Security for 
    the State Border Security Reinforcement Fund established by 
    paragraph (1), $10,000,000,000, to remain available until September 
    30, 2034, for qualified expenses for such purposes.
        (4) Eligibility.--The Secretary of Homeland Security may 
    provide grants from the fund established by paragraph (1) to State 
    agencies and units of local governments for expenditures made for 
    completed, ongoing, or new activities, in accordance with law, that 
    occurred on or after January 20, 2021.
        (5) Application.--Each State desiring to apply for a grant 
    under this subsection shall submit an application to the Secretary 
    containing such information in support of the application as the 
    Secretary may require. The Secretary shall require that each State 
    include in its application the purposes for which the State seeks 
    the funds and a description of how the State plans to allocate the 
    funds. The Secretary shall begin to accept applications not later 
    than 90 days after the date of the enactment of this Act.
        (6) Terms and conditions.--Nothing in this subsection shall 
    authorize any State or local government to exercise immigration or 
    border security authorities reserved exclusively to the Federal 
    Government under the Immigration and Nationality Act (8 U.S.C. 1101 
    et seq.) or the Homeland Security Act of 2002 (6 U.S.C. 101 et 
    seq.). The Federal Emergency Management Agency may use not more 
    than 1 percent of the funds made available under this subsection 
    for the purpose of administering grants provided for in this 
    section.
SEC. 90006. PRESIDENTIAL RESIDENCE PROTECTION.
    (a) In General.--In addition to amounts otherwise available, there 
is appropriated to the Administrator of the Federal Emergency 
Management Agency for fiscal year 2025, out of any money in the 
Treasury not otherwise appropriated, $300,000,000, to remain available 
until September 30, 2029, for the reimbursement of extraordinary law 
enforcement personnel costs for protection activities directly and 
demonstrably associated with any residence of the President designated 
pursuant to section 3 or 4 of the Presidential Protection Assistance 
Act of 1976 (Public Law 94-524; 18 U.S.C. 3056 note) to be secured by 
the United States Secret Service.
    (b) Availability.--Funds appropriated under this section shall be 
available only for costs that a State or local agency--
        (1) incurred or incurs on or after July 1, 2024;
        (2) demonstrates to the Administrator of the Federal Emergency 
    Management Agency as being--
            (A) in excess of typical law enforcement operation costs;
            (B) directly attributable to the provision of protection 
        described in this section; and
            (C) associated with a nongovernmental property designated 
        pursuant to section 3 or 4 of the Presidential Protection 
        Assistance Act of 1976 (Public Law 94-524; 18 U.S.C. 3056 note) 
        to be secured by the United States Secret Service; and
        (3) certifies to the Administrator as compensating protection 
    activities requested by the United States Secret Service.
    (c) Terms and Conditions.--The Federal Emergency Management Agency 
may use not more than 3 percent of the funds made available under this 
section for the purpose of administering grants provided for in this 
section.
SEC. 90007. DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR BORDER 
SUPPORT.
    In addition to amounts otherwise available, there are appropriated 
to the Secretary of Homeland Security for fiscal year 2025, out of any 
money in the Treasury not otherwise appropriated, $10,000,000,000, to 
remain available until September 30, 2029, for reimbursement of costs 
incurred in undertaking activities in support of the Department of 
Homeland Security's mission to safeguard the borders of the United 
States.

              Subtitle B--Governmental Affairs Provisions

SEC. 90101. FEHB IMPROVEMENTS.
    (a) Short Title.--This section may be cited as the ``FEHB 
Protection Act of 2025''.
    (b) Definitions.--In this section:
        (1) Director.--The term ``Director'' means the Director of the 
    Office of Personnel Management.
        (2) Health benefits plan; member of family.--The terms ``health 
    benefits plan'' and ``member of family'' have the meanings given 
    those terms in section 8901 of title 5, United States Code.
        (3) Open season.--The term ``open season'' means an open season 
    described in section 890.301(f) of title 5, Code of Federal 
    Regulations, or any successor regulation.
        (4) Program.--The term ``Program'' means the health insurance 
    programs carried out under chapter 89 of title 5, United States 
    Code, including the program carried out under section 8903c of that 
    title.
        (5) Qualifying life event.--The term ``qualifying life event'' 
    has the meaning given the term in section 892.101 of title 5, Code 
    of Federal Regulations, or any successor regulation.
    (c) Verification Requirements.--Not later than 1 year after the 
date of enactment of this Act, the Director shall issue regulations and 
implement a process to verify--
        (1) the veracity of any qualifying life event through which an 
    enrollee in the Program seeks to add a member of family with 
    respect to the enrollee to a health benefits plan under the 
    Program; and
        (2) that, when an enrollee in the Program seeks to add a member 
    of family with respect to the enrollee to the health benefits plan 
    of the enrollee under the Program, including during any open 
    season, the individual so added is a qualifying member of family 
    with respect to the enrollee.
    (d) Fraud Risk Assessment.--In any fraud risk assessment conducted 
with respect to the Program on or after the date of enactment of this 
Act, the Director shall include an assessment of individuals who are 
enrolled in, or covered under, a health benefits plan under the Program 
even though those individuals are not eligible to be so enrolled or 
covered.
    (e) Family Member Eligibility Verification Audit.--
        (1) In general.--During the 3-year period beginning on the date 
    that is 1 year after the date of enactment of this Act, the 
    Director shall carry out a comprehensive audit regarding members of 
    family who are covered under an enrollment in a health benefits 
    plan under the Program.
        (2) Contents.--With respect to the audit carried out under 
    paragraph (1), the Director shall review marriage certificates, 
    birth certificates, and other appropriate documents that are 
    necessary to determine eligibility to enroll in a health benefits 
    plan under the Program.
    (f) Disenrollment or Removal.--Not later than 180 days after the 
date of enactment of this Act, the Director shall develop a process by 
which any individual enrolled in, or covered under, a health benefits 
plan under the Program who is not eligible to be so enrolled or covered 
shall be disenrolled or removed from enrollment in, or coverage under, 
that health benefits plan.
    (g) Earned Benefits and Health Care Administrative Services 
Associated Oversight and Audit Funding.--Section 8909 of title 5, 
United States Code, is amended--
        (1) in subsection (a)(2), by inserting before the period at the 
    end the following: ``, except that the amounts required to be set 
    aside under subsection (b)(2) shall not be subject to the 
    limitations that may be specified annually by Congress''; and
        (2) in subsection (b)--
            (A) by redesignating paragraph (2) as paragraph (3); and
            (B) by inserting after paragraph (1) the following:
        ``(2) In fiscal year 2026, $66,000,000, to be derived from all 
    contributions, and to remain available until the end of fiscal year 
    2035, for the Director of the Office to carry out subsections (c) 
    through (f) of the FEHB Protection Act of 2025.''.
SEC. 90102. PANDEMIC RESPONSE ACCOUNTABILITY COMMITTEE.
    (a) Pandemic Response Accountability Committee Funding 
Availability.--In addition to amounts otherwise available, there is 
appropriated for fiscal year 2026, out of any money in the Treasury not 
otherwise appropriated, $88,000,000, to remain available until 
expended, for the Pandemic Response Accountability Committee to support 
oversight of the Coronavirus response and of funds provided in this Act 
or any other Act pertaining to the Coronavirus pandemic.
    (b) CARES Act.--Section 15010 of the CARES Act (Public Law 116-136; 
134 Stat. 533) is amended--
        (1) in subsection (a)(6)--
            (A) in subparagraph (E), by striking ``or'' at the end;
            (B) in subparagraph (F), by striking ``and'' at the end and 
        inserting ``or''; and
            (C) by adding at the end the following:
            ``(G) the Act titled `An Act to provide for reconciliation 
        pursuant to title II of H. Con. Res. 14'; and''; and
        (2) in subsection (k), by striking ``2025'' and inserting 
    ``2034''.
SEC. 90103. APPROPRIATION FOR THE OFFICE OF MANAGEMENT AND BUDGET.
    In addition to amounts otherwise available, there is appropriated 
to the Office of Management and Budget for fiscal year 2025, out of any 
money in the Treasury not otherwise appropriated, $100,000,000, to 
remain available until September 30, 2029, for purposes of finding 
budget and accounting efficiencies in the executive branch.

                  TITLE X--COMMITTEE ON THE JUDICIARY
          Subtitle A--Immigration and Law Enforcement Matters

                        PART I--IMMIGRATION FEES

SEC. 100001. APPLICABILITY OF THE IMMIGRATION LAWS.
    (a) Applicability.--The fees under this subtitle shall apply to 
aliens in the circumstances described in this subtitle.
    (b) Terms.--The terms used under this subtitle shall have the 
meanings given such terms in section 101 of the Immigration and 
Nationality Act (8 U.S.C. 1101).
    (c) References to Immigration and Nationality Act.--Except as 
otherwise expressly provided, any reference in this subtitle to a 
section or other provision shall be considered to be to a section or 
other provision of the Immigration and Nationality Act (8 U.S.C. 1101 
et seq.).
SEC. 100002. ASYLUM FEE.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security or the Attorney General, as 
applicable, shall require the payment of a fee, equal to the amount 
specified in this section, by any alien who files an application for 
asylum under section 208 (8 U.S.C. 1158) at the time such application 
is filed.
    (b) Initial Amount.--During fiscal year 2025, the amount specified 
in this section shall be the greater of--
        (1) $100; or
        (2) such amount as the Secretary or the Attorney General, as 
    applicable, may establish, by rule.
    (c) Annual Adjustments for Inflation.--During fiscal year 2026, and 
during each subsequent fiscal year, the amount specified in this 
section shall be equal to the sum of--
        (1) the amount of the fee required under this section for the 
    most recently concluded fiscal year; and
        (2) the product resulting from the multiplication of the amount 
    referred to in paragraph (1) by the percentage (if any) by which 
    the Consumer Price Index for All Urban Consumers for the month of 
    July preceding the date on which such adjustment takes effect 
    exceeds the Consumer Price Index for All Urban Consumers for the 
    same month of the preceding calendar year, rounded to the next 
    lowest multiple of $10.
    (d) Disposition of Asylum Fee Proceeds.--During each fiscal year--
        (1) 50 percent of the fees received from aliens filing 
    applications with the Attorney General--
            (A) shall be credited to the Executive Office for 
        Immigration Review; and
            (B) may be retained and expended without further 
        appropriation;
        (2) 50 percent of fees received from aliens filing applications 
    with the Secretary of Homeland Security--
            (A) shall be credited to U.S. Citizenship and Immigration 
        Services;
            (B) shall be deposited into the Immigration Examinations 
        Fee Account established under section 286(m) (8 U.S.C. 
        1356(m)); and
            (C) may be retained and expended without further 
        appropriation; and
        (3) any amounts received in fees required under this section 
    that were not credited to the Executive Office for Immigration 
    Review pursuant to paragraph (1) or to U.S. Citizenship and 
    Immigration Services pursuant to paragraph (2) shall be deposited 
    into the general fund of the Treasury.
    (e) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100003. EMPLOYMENT AUTHORIZATION DOCUMENT FEES.
    (a) Asylum Applicants.--
        (1) In general.--In addition to any other fee authorized by 
    law, the Secretary of Homeland Security shall require the payment 
    of a fee, equal to the amount specified in this subsection, by any 
    alien who files an initial application for employment authorization 
    under section 208(d)(2) (8 U.S.C. 1158(d)(2)) at the time such 
    initial employment authorization application is filed.
        (2) Initial amount.--During fiscal year 2025, the amount 
    specified in this subsection shall be the greater of--
            (A) $550; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (3) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this section for 
        the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
        (4) Disposition of employment authorization document fees.--
    During each fiscal year--
            (A) 25 percent of the fees collected pursuant to this 
        subsection--
                (i) shall be credited to U.S. Citizenship and 
            Immigration Services;
                (ii) shall be deposited into the Immigration 
            Examinations Fee Account established under section 286(m) 
            (8 U.S.C. 1356(m)); and
                (iii) may be retained and expended by U.S. Citizenship 
            and Immigration Services without further appropriation, 
            provided that not less than 50 percent is used to detect 
            and prevent immigration benefit fraud; and
            (B) any amounts collected pursuant to this subsection that 
        are not credited to U.S. Citizenship and Immigration Services 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
        (5) No fee waiver.--Fees required to be paid under this 
    subsection shall not be waived or reduced.
    (b) Parolees.--
        (1) In general.--In addition to any other fee authorized by 
    law, the Secretary of Homeland Security shall require the payment 
    of a fee, equal to the amount specified in this subsection, by any 
    alien paroled into the United States for any initial application 
    for employment authorization at the time such initial application 
    is filed. Each initial employment authorization shall be valid for 
    a period of 1 year or for the duration of the alien's parole, 
    whichever is shorter.
        (2) Initial amount.--During fiscal year 2025, the amount 
    specified in this subsection shall be the greater of--
            (A) $550; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (3) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this subsection shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
        (4) Disposition of parolee employment authorization application 
    fees.--All of the fees collected pursuant to this subsection shall 
    be deposited into the general fund of the Treasury.
        (5) No fee waiver.--Fees required to be paid under this 
    subsection shall not be waived or reduced.
    (c) Temporary Protected Status.--
        (1) In general.--In addition to any other fee authorized by 
    law, the Secretary of Homeland Security shall require the payment 
    of a fee, equal to the amount specified in this subsection, by any 
    alien who files an initial application for employment authorization 
    under section 244(a)(1)(B) (8 U.S.C. 1254a(a)(1)(B)) at the time 
    such initial application is filed. Each initial employment 
    authorization shall be valid for a period of 1 year, or for the 
    duration of the alien's temporary protected status, whichever is 
    shorter.
        (2) Initial amount.--During fiscal year 2025, the amount 
    specified in this subsection shall be the greater of--
            (A) $550; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (3) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this subsection shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
        (4) Disposition of employment authorization application fees 
    collected from aliens granted temporary protected status.--All of 
    the fees collected pursuant to this subsection shall be deposited 
    into the general fund of the Treasury.
        (5) No fee waiver.--Fees required to be paid under this 
    subsection shall not be waived or reduced.
SEC. 100004. IMMIGRATION PAROLE FEE.
    (a) In General.--Except as provided under subsection (b), the 
Secretary of Homeland Security shall require the payment of a fee, 
equal to the amount specified in this section and in addition to any 
other fee authorized by law, by any alien who is paroled into the 
United States.
    (b) Exceptions.--An alien shall not be subject to the fee otherwise 
required under subsection (a) if the alien establishes, to the 
satisfaction of the Secretary of Homeland Security, on an individual, 
case-by-case basis, that the alien is being paroled because--
        (1)(A) the alien has a medical emergency; and
        (B)(i) the alien cannot obtain necessary treatment in the 
    foreign state in which the alien is residing; or
        (ii) the medical emergency is life-threatening and there is 
    insufficient time for the alien to be admitted to the United States 
    through the normal visa process;
        (2)(A) the alien is the parent or legal guardian of an alien 
    described in paragraph (1); and
        (B) the alien described in paragraph (1) is a minor;
        (3)(A) the alien is needed in the United States to donate an 
    organ or other tissue for transplant; and
        (B) there is insufficient time for the alien to be admitted to 
    the United States through the normal visa process;
        (4)(A) the alien has a close family member in the United States 
    whose death is imminent; and
        (B) the alien could not arrive in the United States in time to 
    see such family member alive if the alien were to be admitted to 
    the United States through the normal visa process;
        (5)(A) the alien is seeking to attend the funeral of a close 
    family member; and
        (B) the alien could not arrive in the United States in time to 
    attend such funeral if the alien were to be admitted to the United 
    States through the normal visa process;
        (6) the alien is an adopted child--
            (A) who has an urgent medical condition;
            (B) who is in the legal custody of the petitioner for a 
        final adoption-related visa; and
            (C) whose medical treatment is required before the expected 
        award of a final adoption-related visa;
        (7) the alien--
            (A) is a lawful applicant for adjustment of status under 
        section 245 (8 U.S.C. 1255); and
            (B) is returning to the United States after temporary 
        travel abroad;
        (8) the alien--
            (A) has been returned to a contiguous country pursuant to 
        section 235(b)(2)(C) (8 U.S.C. 1225(b)(2)(C)); and
            (B) is being paroled into the United States to allow the 
        alien to attend the alien's immigration hearing;
        (9) the alien has been granted the status of Cuban and Haitian 
    entrant (as defined in section 501(e) of the Refugee Education 
    Assistance Act of 1980 (Public Law 96-422; 8 U.S.C. 1522 note); or
        (10) the Secretary of Homeland Security determines that a 
    significant public benefit has resulted or will result from the 
    parole of an alien--
            (A) who has assisted or will assist the United States 
        Government in a law enforcement matter;
            (B) whose presence is required by the United States 
        Government in furtherance of such law enforcement matter; and
            (C)(i) who is inadmissible or does not satisfy the 
        eligibility requirements for admission as a nonimmigrant; or
            (ii) for which there is insufficient time for the alien to 
        be admitted to the United States through the normal visa 
        process.
    (c) Initial Amount.--For fiscal year 2025, the amount specified in 
this section shall be the greater of--
        (1) $1,000; or
        (2) such amount as the Secretary of Homeland Security may 
    establish, by rule.
    (d) Annual Adjustments for Inflation.--During fiscal year 2026, and 
during each subsequent fiscal year, the amount specified in this 
section shall be equal to the sum of--
        (1) the amount of the fee required under this subsection for 
    the most recently concluded fiscal year; and
        (2) the product resulting from the multiplication of the amount 
    referred to in paragraph (1) by the percentage (if any) by which 
    the Consumer Price Index for All Urban Consumers for the month of 
    July preceding the date on which such adjustment takes effect 
    exceeds the Consumer Price Index for All Urban Consumers for the 
    same month of the preceding calendar year, rounded to the next 
    lowest multiple of $10.
    (e) Disposition of Fees Collected From Aliens Granted Parole.--All 
of the fees collected pursuant to this section shall be deposited into 
the general fund of the Treasury.
    (f) No Fee Waiver.--Except as provided in subsection (b), fees 
required to be paid under this section shall not be waived or reduced.
SEC. 100005. SPECIAL IMMIGRANT JUVENILE FEE.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security shall require the payment of a fee, 
equal to the amount specified in this section, by any alien, parent, or 
legal guardian of an alien applying for special immigrant juvenile 
status under section 101(a)(27)(J) (8 U.S.C. 1101(a)(27)(J)).
    (b) Initial Amount.--For fiscal year 2025, the amount specified in 
this section shall be the greater of--
        (1) $250; or
        (2) such amount as the Secretary of Homeland Security may 
    establish, by rule.
    (c) Annual Adjustments for Inflation.--During fiscal year 2026, and 
during each subsequent fiscal year, the amount specified in this 
section shall be equal to the sum of--
        (1) the amount of the fee required under this subsection for 
    the most recently concluded fiscal year; and
        (2) the product resulting from the multiplication of the amount 
    referred to in paragraph (1) by the percentage (if any) by which 
    the Consumer Price Index for All Urban Consumers for the month of 
    July preceding the date on which such adjustment takes effect 
    exceeds the Consumer Price Index for All Urban Consumers for the 
    same month of the preceding calendar year, rounded to the next 
    lowest multiple of $10.
    (d) Disposition of Special Immigrant Juvenile Fees.--All of the 
fees collected pursuant to this section shall be deposited into the 
general fund of the Treasury.
SEC. 100006. TEMPORARY PROTECTED STATUS FEE.
    Section 244(c)(1)(B) of the Immigration and Nationality Act (8 
U.S.C. 1254a(c)(1)(B)) is amended--
        (1) by striking ``The Attorney General'' and inserting the 
    following:
                ``(i) In general.--The Attorney General'';
        (2) in clause (i), as redesignated, by striking ``$50'' and 
    inserting ``$500, subject to the adjustments required under clause 
    (ii)''; and
        (3) by adding at the end the following:
                ``(ii) Annual adjustments for inflation.--During fiscal 
            year 2026, and during each subsequent fiscal year, the 
            maximum amount of the fee authorized under clause (i) shall 
            be equal to the sum of--

                    ``(I) the maximum amount of the fee authorized 
                under this subparagraph for the most recently concluded 
                fiscal year; and
                    ``(II) the product resulting from the 
                multiplication of the amount referred to in subclause 
                (I) by the percentage (if any) by which the Consumer 
                Price Index for All Urban Consumers for the month of 
                July preceding the date on which such adjustment takes 
                effect exceeds the Consumer Price Index for All Urban 
                Consumers for the same month of the preceding calendar 
                year, rounded to the next lowest multiple of $10.

                ``(iii) Disposition of temporary protected status 
            fees.--All of the fees collected pursuant to this 
            subparagraph shall be deposited into the general fund of 
            the Treasury.
                ``(iv) No fee waiver.--Fees required to be paid under 
            this subparagraph shall not be waived or reduced.''.
SEC. 100007. VISA INTEGRITY FEE.
    (a) Visa Integrity Fee.--
        (1) In general.--In addition to any other fee authorized by 
    law, the Secretary of Homeland Security shall require the payment 
    of a fee, equal to the amount specified in this subsection, by any 
    alien issued a nonimmigrant visa at the time of such issuance.
        (2) Initial amount.--For fiscal year 2025, the amount specified 
    in this section shall be the greater of--
            (A) $250; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (3) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded down to the nearest dollar.
        (4) Disposition of visa integrity fees.--All of the fees 
    collected pursuant to this section that are not reimbursed pursuant 
    to subsection (b) shall be deposited into the general fund of the 
    Treasury.
        (5) No fee waiver.--Fees required to be paid under this 
    subsection shall not be waived or reduced.
    (b) Fee Reimbursement.--The Secretary of Homeland Security may 
provide a reimbursement to an alien of the fee required under 
subsection (a) for the issuance of a nonimmigrant visa after the 
expiration of such nonimmigrant visa's period of validity if such alien 
demonstrates that he or she--
        (1) after admission to the United States pursuant to such 
    nonimmigrant visa, complied with all conditions of such 
    nonimmigrant visa, including the condition that an alien shall not 
    accept unauthorized employment; and
        (2)(A) has not sought to extend his or her period of admission 
    during such period of validity and departed the United States not 
    later than 5 days after the last day of such period; or
        (B) during such period of validity, was granted an extension of 
    such nonimmigrant status or an adjustment to the status of a lawful 
    permanent resident.
SEC. 100008. FORM I-94 FEE.
    (a) Fee Authorized.--In addition to any other fee authorized by 
law, the Secretary of Homeland Security shall require the payment of a 
fee, equal to the amount specified in subsection (b), by any alien who 
submits an application for a Form I-94 Arrival/Departure Record.
    (b) Amount Specified.--
        (1) Initial amount.--For fiscal year 2025, the amount specified 
    in this section shall be the greater of--
            (A) $24; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded down to the nearest dollar.
    (c) Disposition of Form I-94 Fees.--During each fiscal year--
        (1) 20 percent of the fees collected pursuant to this section--
            (A) shall be deposited into the Land Border Inspection Fee 
        Account in accordance with section 286(q)(2) (8 U.S.C. 
        1356(q)(2)); and
            (B) shall be made available to U.S. Customs and Border 
        Protection to retain and spend without further appropriation 
        for the purpose of processing Form I-94; and
        (2) any amounts not deposited into the Land Border Inspection 
    Fee Account pursuant to paragraph (1)(A) shall be deposited in the 
    general fund of the Treasury.
    (d) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100009. ANNUAL ASYLUM FEE.
    (a) Fee Authorized.--In addition to any other fee authorized by 
law, for each calendar year that an alien's application for asylum 
remains pending, the Secretary of Homeland Security or the Attorney 
General, as applicable, shall require the payment of a fee, equal to 
the amount specified in subsection (b), by such alien.
    (b) Amount Specified.--
        (1) Initial amount.--For fiscal year 2025, the amount specified 
    in this section shall be the greater of--
            (A) $100; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded down to the nearest dollar.
    (c) Disposition of Annual Asylum Fees.--All of the fees collected 
pursuant to this section shall be deposited into the general fund of 
the Treasury.
    (d) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100010. FEE RELATING TO RENEWAL AND EXTENSION OF EMPLOYMENT 
AUTHORIZATION FOR PAROLEES.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security shall require the payment of a fee, 
equal to the amount specified in subsection (b), for any parolee who 
seeks a renewal or extension of employment authorization based on a 
grant of parole. The employment authorization for each alien paroled 
into the United States, or any renewal or extension of such parole, 
shall be valid for a period of 1 year or for the duration of the 
alien's parole, whichever is shorter.
    (b) Amount Specified.--
        (1) Initial amount.--For fiscal year 2025, the amount specified 
    in this subsection shall be the greater of--
            (A) $275; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
    (c) Disposition of Fees Relating to Renewal and Extension of 
Employment Authorization for Parolees.--During each fiscal year--
        (1) 25 percent of the fees collected pursuant to this section--
            (A) shall be credited to U.S. Citizenship and Immigration 
        Services;
            (B) shall be deposited into the Immigration Examinations 
        Fee Account established under section 286(m) (8 U.S.C. 
        1356(m)); and
            (C) may be retained and expended by U.S. Citizenship and 
        Immigration Services without further appropriation; and
        (2) any amounts collected pursuant to this section that are not 
    credited to U.S. Citizenship and Immigration Services pursuant to 
    subparagraph (A) shall be deposited into the general fund of the 
    Treasury.
    (d) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100011. FEE RELATING TO RENEWAL OR EXTENSION OF EMPLOYMENT 
AUTHORIZATION FOR ASYLUM APPLICANTS.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security shall require the payment of a fee 
of not less than $275 by any alien who has applied for asylum for each 
renewal or extension of employment authorization based on such 
application.
    (b) Termination.--Each initial employment authorization, or renewal 
or extension of such authorization, shall terminate--
        (1) immediately following the denial of an asylum application 
    by an asylum officer, unless the case is referred to an immigration 
    judge;
        (2) on the date that is 30 days after the date on which an 
    immigration judge denies an asylum application, unless the alien 
    makes a timely appeal to the Board of Immigration Appeals; or
        (3) immediately following the denial by the Board of 
    Immigration Appeals of an appeal of a denial of an asylum 
    application.
    (c) Disposition of Fees Relating to Renewal and Extension of 
Employment Authorization for Asylum Applicants.--During each fiscal 
year--
        (1) 25 percent of the fees collected pursuant to this section--
            (A) shall be credited to U.S. Citizenship and Immigration 
        Services;
            (B) shall be deposited into the Immigration Examinations 
        Fee Account established under section 286(m) (8 U.S.C. 
        1356(m)); and
            (C) may be retained and expended by U.S. Citizenship and 
        Immigration Services without further appropriation; and
        (2) any amounts collected pursuant to this section that are not 
    credited to U.S. Citizenship and Immigration Services pursuant to 
    subparagraph (A) shall be deposited into the general fund of the 
    Treasury.
    (d) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100012. FEE RELATING TO RENEWAL AND EXTENSION OF EMPLOYMENT 
AUTHORIZATION FOR ALIENS GRANTED TEMPORARY PROTECTED STATUS.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security shall require the payment of a fee, 
equal to the amount specified in subsection (b), by any alien at the 
time such alien seeks a renewal or extension of employment 
authorization based on a grant of temporary protected status. Any 
employment authorization for an alien granted temporary protected 
status, or any renewal or extension of such employment authorization, 
shall be valid for a period of 1 year or for the duration of the 
designation of temporary protected status, whichever is shorter.
    (b) Amount Specified.--
        (1) Initial amount.--For fiscal year 2025, the amount specified 
    in this subsection shall be the greater of--
            (A) $275; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
    (c) Disposition of Fees Relating to Renewal and Extension of 
Employment Authorization for Temporary Protected Status Applicants.--
During each fiscal year--
        (1) 25 percent of the fees collected pursuant to this section--
            (A) shall be credited to U.S. Citizenship and Immigration 
        Services;
            (B) shall be deposited into the Immigration Examinations 
        Fee Account established under section 286(m) (8 U.S.C. 
        1356(m)); and
            (C) may be retained and expended by U.S. Citizenship and 
        Immigration Services without further appropriation; and
        (2) any amounts collected pursuant to this section that are not 
    credited to U.S. Citizenship and Immigration Services pursuant to 
    subparagraph (A) shall be deposited into the general fund of the 
    Treasury.
    (d) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100013. FEES RELATING TO APPLICATIONS FOR ADJUSTMENT OF STATUS.
    (a) Fee for Filing an Application to Adjust Status to That of a 
Lawful Permanent Resident.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien who files an 
    application with an immigration court to adjust the alien's status 
    to that of a lawful permanent resident, or whose application to 
    adjust his or her status to that of a lawful permanent resident is 
    adjudicated in immigration court. Such fee shall be paid at the 
    time such application is filed or before such application is 
    adjudicated by the immigration court.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $1,500; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of adjustment of status application fees.--
    During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (b) Fee for Filing Application for Waiver of Grounds of 
Inadmissibility.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien at the time 
    such alien files an application with an immigration court for a 
    waiver of a ground of inadmissibility, or before such application 
    is adjudicated by the immigration court.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $1,050; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of waiver of ground of admissibility 
    application fees.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (c) Fee for Filing an Application for Temporary Protected Status.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien at the time 
    such alien files an application with an immigration court for 
    temporary protected status, or before such application is 
    adjudicated by the immigration court.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $500; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of temporary protected status application 
    fees.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (d) Fee for Filing an Appeal of a Decision of an Immigration 
Judge.--
        (1) In general.--Except as provided in paragraph (3), the 
    Attorney General shall require, in addition to any other fees 
    authorized by law, the payment of a fee, equal to the amount 
    specified in paragraph (2), by any alien at the time such alien 
    files an appeal from a decision of an immigration judge.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $900; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Exception.--The fee required under paragraph (1) shall not 
    apply to the appeal of a bond decision.
        (4) Disposition of fees for appealing immigration judge 
    decisions.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (e) Fee for Filing an Appeal From a Decision of an Officer of the 
Department of Homeland Security.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien at the time 
    such alien files an appeal of a decision of an officer of the 
    Department of Homeland Security.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $900; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of fees for appealing department of homeland 
    security officer decisions.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (f) Fee for Filing an Appeal From a Decision of an Adjudicating 
Official in a Practitioner Disciplinary Case.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any practitioner at 
    the time such practitioner files an appeal from a decision of an 
    adjudicating official in a practitioner disciplinary case.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $1,325; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of fees for appealing department of homeland 
    security officer decisions.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (g) Fee for Filing a Motion to Reopen or a Motion to Reconsider.--
        (1) In general.--Except as provided in paragraph (3), in 
    addition to any other fees authorized by law, the Attorney General 
    shall require the payment of a fee, equal to the amount specified 
    in paragraph (2), by any alien at the time such alien files a 
    motion to reopen or motion to reconsider a decision of an 
    immigration judge or the Board of Immigration Appeals.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $900; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Exceptions.--The fee required under paragraph (1) shall not 
    apply to--
            (A) a motion to reopen a removal order entered in absentia 
        if such motion is filed in accordance with section 
        240(b)(5)(C)(ii) (8 U.S.C. 1229a(b)(5)(C)(ii)); or
            (B) a motion to reopen a deportation order entered in 
        absentia if such motion is filed in accordance with section 
        242B(c)(3)(B) prior to April 1, 1997.
        (4) Disposition of fees for filing certain motions.--During 
    each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (h) Fee for Filing Application for Suspension of Deportation.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien at the time 
    such alien files an application with an immigration court for 
    suspension of deportation.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $600; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of fees for filing application for suspension 
    of deportation.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (i) Fee for Filing Application for Cancellation of Removal for 
Certain Permanent Residents.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien at the time 
    such alien files an application with an immigration court an 
    application for cancellation of removal for an alien who is a 
    lawful permanent resident.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $600; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of fees for filing application for cancellation 
    of removal.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (j) Fee for Filing an Application for Cancellation of Removal and 
Adjustment of Status for Certain Nonpermanent Residents.--
        (1) In general.--In addition to any other fees authorized by 
    law, the Attorney General shall require the payment of a fee, equal 
    to the amount specified in paragraph (2), by any alien who is not a 
    lawful permanent resident at the time such alien files an 
    application with an immigration court for cancellation of removal 
    and adjustment of status for any alien.
        (2) Amount specified.--
            (A) Initial amount.--For fiscal year 2025, the amount 
        specified in this paragraph shall be the greater of--
                (i) $1,500; or
                (ii) such amount as the Attorney General may establish, 
            by rule.
            (B) Annual adjustments for inflation.--During fiscal year 
        2026, and during each subsequent fiscal year, the amount 
        specified in this paragraph shall be equal to the sum of--
                (i) the amount of the fee required under this 
            subsection for the most recently concluded fiscal year; and
                (ii) the product resulting from the multiplication of 
            the amount referred to in clause (i) by the percentage (if 
            any) by which the Consumer Price Index for All Urban 
            Consumers for the month of July preceding the date on which 
            such adjustment takes effect exceeds the Consumer Price 
            Index for All Urban Consumers for the same month of the 
            preceding calendar year, rounded to the next lowest 
            multiple of $10.
        (3) Disposition of fees for filing application for cancellation 
    of removal.--During each fiscal year--
            (A) not more than 25 percent of the fees collected pursuant 
        to this subsection--
                (i) shall be derived by transfer from the Immigration 
            Examinations Fee Account under section 286(n) (8 U.S.C. 
            1356(n)); and
                (ii) shall be credited to the Executive Office for 
            Immigration Review to retain and spend without further 
            appropriation; and
            (B) any amounts not derived by transfer and credited 
        pursuant to subparagraph (A) shall be deposited into the 
        general fund of the Treasury.
    (k) Limitation on Use of Funds.--No fees collected pursuant to this 
section may be expended by the Executive Office for Immigration Review 
for the Legal Orientation Program, or for any successor program.
SEC. 100014. ELECTRONIC SYSTEM FOR TRAVEL AUTHORIZATION FEE.
    Section 217(h)(3)(B) (8 U.S.C. 1187(h)(3)(B)) is amended--
        (1) in clause (i)--
            (A) in subclause (I), by striking ``and'' at the end;
            (B) in subclause (II)--
                (i) by inserting ``of not less than $10'' after ``an 
            amount''; and
                (ii) by striking the period at the end and inserting 
            ``; and''; and
            (C) by adding at the end the following:

                    ``(III) not less than $13 per travel 
                authorization.'';

        (2) in clause (iii), by striking ``October 31, 2028'' and 
    inserting ``October 31, 2034''; and
        (3) by adding at the end the following:
                ``(iv) Subsequent adjustment.--During fiscal year 2026 
            and each subsequent fiscal year, the amount specified in 
            clause (i)(II) for a fiscal year shall be equal to the sum 
            of--

                    ``(I) the amount of the fee required under this 
                subparagraph during the most recently concluded fiscal 
                year; and
                    ``(II) the product of the amount referred to in 
                subclause (I) multiplied by the percentage (if any) by 
                which the Consumer Price Index for All Urban Consumers 
                for the month of July preceding the date on which such 
                adjustment takes effect exceeds the Consumer Price 
                Index for All Urban Consumers for the same month of the 
                preceding calendar year.''.

SEC. 100015. ELECTRONIC VISA UPDATE SYSTEM FEE.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security shall require the payment of a fee, 
in the amount specified in subsection (b), by any alien subject to the 
Electronic Visa Update System at the time of such alien's enrollment in 
such system.
    (b) Amount Specified.--
        (1) In general.--For fiscal year 2025, the amount specified in 
    this subsection shall be the greater of--
            (A) $30; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026 
    and each subsequent fiscal year, the amount specified in this 
    subsection shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        during the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $0.25.
    (c) Disposition of Electronic Visa Update System Fees.--
        (1) In general.--Section 286 (8 U.S.C. 1356) is amended by 
    adding at the end the following:
    ``(w) CBP Electronic Visa Update System Account.--
        ``(1) Establishment.--There is established in the general fund 
    of the Treasury a separate account, which shall be known as the 
    `CBP Electronic Visa Update System Account' (referred to in this 
    subsection as the `Account').
        ``(2) Deposits.--There shall be deposited into the Account an 
    amount equal to the difference between--
            ``(A) all of the fees received pursuant to section 100015 
        of the Act entitled `An Act to provide for reconciliation 
        pursuant to title II of H. Con. Res. 14' (119th Congress); and
            ``(B) an amount equal to $5 multiplied by the number of 
        payments collected pursuant to such section.
        ``(3) Appropriation.--Amounts deposited in the Account--
            ``(A) are hereby appropriated to make payments and offset 
        program costs in accordance with section 100015 of the Act 
        entitled `An Act to provide for reconciliation pursuant to 
        title II of H. Con. Res. 14' (119th Congress), without further 
        appropriation; and
            ``(B) shall remain available until expended for any U.S. 
        Customs and Border Protection costs associated with 
        administering the CBP Electronic Visa Update System.''.
        (2) Remaining fees.--Of the fees collected pursuant to this 
    section, an amount equal to $5 multiplied by the number of payments 
    collected pursuant to this section shall be deposited to the 
    general fund of the Treasury.
    (d) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100016. FEE FOR ALIENS ORDERED REMOVED IN ABSENTIA.
    (a) In General.--As partial reimbursement for the cost of arresting 
an alien described in this section, the Secretary of Homeland Security, 
except as provided in subsection (c), shall require the payment of a 
fee, equal to the amount specified in subsection (b) on any alien who--
        (1) is ordered removed in absentia pursuant to section 
    240(b)(5) (8 U.S.C. 1229a(b)(5)); and
        (2) is subsequently arrested by U.S. Immigration and Customs 
    Enforcement.
    (b) Amount Specified.--
        (1) Initial amount.--For fiscal year 2025, the amount specified 
    in this section shall be the greater of--
            (A) $5,000; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
    (c) Exception.--The fee described in this section shall not apply 
to any alien who was ordered removed in absentia if such order was 
rescinded pursuant to section 240(b)(5)(C) (8 U.S.C. 1229a(b)(5)(C)).
    (d) Disposition of Removal in Absentia Fees.--During each fiscal 
year--
        (1) 50 percent of the fees collected pursuant to this section--
            (A) shall be credited to U.S. Immigration and Customs 
        Enforcement;
            (B) shall be deposited into the Detention and Removal 
        Office Fee Account; and
            (C) may be retained and expended by U.S. Immigration and 
        Customs Enforcement without further appropriation; and
        (2) any amounts collected pursuant to this section that are not 
    credited to U.S. Immigration and Customs Enforcement pursuant to 
    paragraph (1) shall be deposited into the general fund of the 
    Treasury.
    (e) No Fee Waiver.--Fees required to be paid under this section 
shall not be waived or reduced.
SEC. 100017. INADMISSIBLE ALIEN APPREHENSION FEE.
    (a) In General.--In addition to any other fee authorized by law, 
the Secretary of Homeland Security shall require the payment of a fee, 
equal to the amount specified in subsection (b), by any inadmissible 
alien at the time such alien is apprehended between ports of entry.
    (b) Amount Specified.--
        (1) Initial amount.--For fiscal year 2025, the amount specified 
    in this section shall be the greater of--
            (A) $5,000; or
            (B) such amount as the Secretary of Homeland Security may 
        establish, by rule.
        (2) Annual adjustments for inflation.--During fiscal year 2026, 
    and during each subsequent fiscal year, the amount specified in 
    this section shall be equal to the sum of--
            (A) the amount of the fee required under this subsection 
        for the most recently concluded fiscal year; and
            (B) the product resulting from the multiplication of the 
        amount referred to in subparagraph (A) by the percentage (if 
        any) by which the Consumer Price Index for All Urban Consumers 
        for the month of July preceding the date on which such 
        adjustment takes effect exceeds the Consumer Price Index for 
        All Urban Consumers for the same month of the preceding 
        calendar year, rounded to the next lowest multiple of $10.
    (c) Disposition of Inadmissible Alien Apprehension Fees.--During 
each fiscal year--
        (1) 50 percent of the fees collected pursuant to this section--
            (A) shall be credited to U.S. Immigration and Customs 
        Enforcement;
            (B) shall be deposited into the Detention and Removal 
        Office Fee Account; and
            (C) may be retained and expended by U.S. Immigration and 
        Customs Enforcement without further appropriation; and
        (2) any amounts collected pursuant to this section that are not 
    credited to U.S. Immigration and Customs Enforcement pursuant to 
    paragraph (1) shall be deposited into the general fund of the 
    Treasury.
    (d) Disposition of Inadmissible Alien Apprehension Fees.--All of 
the fees collected pursuant to this section shall be deposited into the 
general fund of the Treasury.
SEC. 100018. AMENDMENT TO AUTHORITY TO APPLY FOR ASYLUM.
    Section 208(d)(3) (8 U.S.C. 1158(d)(3)) is amended--
        (1) in the first sentence, by striking ``may'' and inserting 
    ``shall'';
        (2) by striking ``Such fees shall not exceed'' and all that 
    follows and inserting the following: ``Nothing in this paragraph 
    may be construed to limit the authority of the Attorney General to 
    set additional adjudication and naturalization fees in accordance 
    with section 286(m).''.

            PART II--IMMIGRATION AND LAW ENFORCEMENT FUNDING

SEC. 100051. APPROPRIATION FOR THE DEPARTMENT OF HOMELAND SECURITY.
    In addition to amounts otherwise available, there is appropriated 
to the Secretary of Homeland Security for fiscal year 2025, out of any 
money in the Treasury not otherwise appropriated, $2,055,000,000, to 
remain available through September 30, 2029, for the following 
purposes:
        (1) Immigration and enforcement activities.--Hiring and 
    training of additional U.S. Customs and Border Protection agents, 
    and the necessary support staff, to carry out immigration 
    enforcement activities.
        (2) Departures and removals.--Funding for transportation costs 
    and related costs associated with the departure or removal of 
    aliens.
        (3) Personnel assignments.--Funding for the assignment of 
    Department of Homeland Security employees and State officers to 
    carry out immigration enforcement activities pursuant to sections 
    103(a) and 287(g) of the Immigration and Nationality Act (8 U.S.C. 
    1103(a) and 1357(g)).
        (4) Background checks.--Hiring additional staff and investing 
    the necessary resources to enhance screening and vetting of all 
    aliens seeking entry into United States, consistent with section 
    212 of such Act (8 U.S.C. 1182), or intending to remain in the 
    United States, consistent with section 237 of such Act (8 U.S.C. 
    1227).
        (5) Protecting alien children from exploitation.--In instances 
    of aliens and alien children entering the United States without a 
    valid visa, funding is provided for the purposes of--
            (A) collecting fingerprints, in accordance with section 262 
        of the Immigration and Nationality Act (8 U.S.C. 1302) and 
        subsections (a)(3) and (b) of section 235 of such Act (8 U.S.C. 
        1225); and
            (B) collecting DNA, in accordance with sections 235(d) and 
        287(b) of the Immigration and Nationality Act (8 U.S.C. 1225(d) 
        and 1357(b)).
        (6) Transporting and return of aliens from contiguous 
    territory.--Transporting and facilitating the return, pursuant to 
    section 235(b)(2)(C) of the Immigration and Nationality Act (8 
    U.S.C. 1225(b)(2)(C)), of aliens arriving from contiguous 
    territory.
        (7) State and local participation.--Funding for State and local 
    participation in homeland security efforts for purposes of--
            (A) ending the presence of criminal gangs and criminal 
        organizations throughout the United States;
            (B) addressing crime and public safety threats;
            (C) combating human smuggling and trafficking networks 
        throughout the United States;
            (D) supporting immigration enforcement activities; and
            (E) providing reimbursement for State and local 
        participation in such efforts.
        (8) Removal of specified unaccompanied alien children.--
            (A) In general.--Funding removal operations for specified 
        unaccompanied alien children.
            (B) Use of funds.--Amounts made available under this 
        paragraph shall only be used for permitting a specified 
        unaccompanied alien child to withdraw the application for 
        admission of the child pursuant to section 235(a)(4) of the 
        Immigration and Nationality Act (8 U.S.C. 1225(a)(4)).
            (C) Definitions.--In this paragraph:
                (i) Specified unaccompanied alien child.--The term 
            ``specified unaccompanied alien child'' means an 
            unaccompanied alien child (as defined in section 462(g) of 
            the Homeland Security Act of 2002 (6 U.S.C. 279(g))) who 
            the Secretary of Homeland Security determines on a case-by-
            case basis--

                    (I) has been found by an immigration officer at a 
                land border or port of entry of the United States and 
                is inadmissible under the Immigration and Nationality 
                Act (8 U.S.C. 1101 et seq.);
                    (II) has not been a victim of severe forms of 
                trafficking in persons, and there is no credible 
                evidence that such child is at risk of being trafficked 
                upon return of the child to the child's country of 
                nationality or country of last habitual residence; and
                    (III) does not have a fear of returning to the 
                child's country of nationality or country of last 
                habitual residence owing to a credible fear of 
                persecution.

                (ii) Severe forms of trafficking in persons.--The term 
            ``severe forms of trafficking in persons'' has the meaning 
            given such term in section 103 of the Trafficking Victims 
            Protection Act of 2000 (22 U.S.C. 7102).
        (9) Expedited removal of criminal aliens.--Funding for the 
    expedited removal of criminal aliens, in accordance with the 
    provisions of section 235(b)(1) of the Immigration and Nationality 
    Act (8 U.S.C. 1225(b)(1)).
        (10) Removal of certain criminal aliens without further 
    hearings.--Funding for the removal of certain criminal aliens 
    without further hearings, in accordance with the provisions of 
    section 235(c) of the Immigration and Nationality Act (8 U.S.C. 
    1225(c)).
        (11) Criminal and gang checks for unaccompanied alien 
    children.--Funding for criminal and gang checks of unaccompanied 
    alien children (as defined in section 462(g) of the Homeland 
    Security Act of 2002 (6 U.S.C. 279(g))) who are 12 years of age and 
    older, including the examination of such unaccompanied alien 
    children for gang-related tattoos and other gang-related markings.
        (12) Information technology.--Information technology 
    investments to support immigration purposes, including improvements 
    to fee and revenue collections.
SEC. 100052. APPROPRIATION FOR U.S. IMMIGRATION AND CUSTOMS 
ENFORCEMENT.
    In addition to amounts otherwise available, there is appropriated 
to the Secretary of Homeland Security for U.S. Immigration and Customs 
Enforcement for fiscal year 2025, out of any money in the Treasury not 
otherwise appropriated, $29,850,000,000, to remain available through 
September 30, 2029, for the following purposes:
        (1) Hiring and training.--Hiring and training additional U.S. 
    Immigration and Customs Enforcement personnel, including officers, 
    agents, investigators, and support staff, to carry out immigration 
    enforcement activities and prioritizing and streamlining the hiring 
    of retired U.S. Immigration and Customs Enforcement personnel.
        (2) Performance, retention, and signing bonuses.--
            (A) In general.--Providing performance, retention, and 
        signing bonuses for qualified U.S. Immigration and Customs 
        Enforcement personnel in accordance with this subsection.
            (B) Performance bonuses.--The Director of U.S. Immigration 
        and Customs Enforcement, at the Director's discretion, may 
        provide performance bonuses to any U.S. Immigration and Customs 
        Enforcement agent, officer, or attorney who demonstrates 
        exemplary service.
            (C) Retention bonuses.--The Director of U.S. Immigration 
        and Customs Enforcement may provide retention bonuses to any 
        U.S. Immigration and Customs Enforcement agent, officer, or 
        attorney who commits to 2 years of additional service with U.S. 
        Immigration and Customs Enforcement to carry out immigration 
        enforcement activities.
            (D) Signing bonuses.--The Director of U.S. Immigration and 
        Customs Enforcement may provide a signing bonus to any U.S. 
        Immigration and Customs Enforcement agent, officer, or attorney 
        who--
                (i) is hired on or after the date of the enactment of 
            this Act; and
                (ii) who commits to 5 years of service with U.S. 
            Immigration and Customs Enforcement to carry out 
            immigration enforcement activities.
            (E) Service agreement.--In providing a retention or signing 
        bonus under this paragraph, the Director of U.S. Immigration 
        and Customs Enforcement shall provide each qualifying 
        individual with a written service agreement that includes--
                (i) the commencement and termination dates of the 
            required service period (or provisions for the 
            determination of such dates);
                (ii) the amount of the bonus; and
                (iii) any other term or condition under which the bonus 
            is payable, subject to the requirements of this paragraph, 
            including--

                    (I) the conditions under which the agreement may be 
                terminated before the agreed-upon service period has 
                been completed; and
                    (II) the effect of a termination described in 
                subclause (I).

        (3) Recruitment, hiring, and onboarding.--Facilitating the 
    recruitment, hiring, and onboarding of additional U.S. Immigration 
    and Customs Enforcement personnel to carry out immigration 
    enforcement activities, including by--
            (A) investing in information technology, recruitment, and 
        marketing; and
            (B) hiring staff necessary to carry out information 
        technology, recruitment, and marketing activities.
        (4) Transportation.--Funding for transportation costs and 
    related costs associated with alien departure or removal 
    operations.
        (5) Information technology.--Funding for information technology 
    investments to support enforcement and removal operations, 
    including improvements to fee collections.
        (6) Facility upgrades.--Funding for facility upgrades to 
    support enforcement and removal operations.
        (7) Fleet modernization.--Funding for fleet modernization to 
    support enforcement and removal operations.
        (8) Family unity.--Promoting family unity by--
            (A) maintaining the care and custody, during the period in 
        which a charge described in clause (i) is pending, in 
        accordance with applicable laws, of an alien who--
                (i) is charged only with a misdemeanor offense under 
            section 275(a) of the Immigration and Nationality Act (8 
            U.S.C. 1325(a)); and
                (ii) entered the United States with the alien's child 
            who has not attained 18 years of age; and
            (B) detaining such an alien with the alien's child.
        (9) 287(g) agreements.--Expanding, facilitating, and 
    implementing agreements under section 287(g) of the Immigration and 
    Nationality Act (8 U.S.C. 1357(g)).
        (10) Victims of immigration crime engagement office.--Hiring 
    and training additional staff to carry out the mission of the 
    Victims of Immigration Crime Engagement Office and for providing 
    nonfinancial assistance to the victims of crimes perpetrated by 
    aliens who are present in the United States without authorization.
        (11) Office of the principal legal advisor.--Hiring additional 
    attorneys and the necessary support staff within the Office of the 
    Principal Legal Advisor to represent the Department of Homeland 
    Security in immigration enforcement and removal proceedings.
SEC. 100053. APPROPRIATION FOR FEDERAL LAW ENFORCEMENT TRAINING 
CENTERS.
    (a) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Secretary of Homeland Security for the 
Federal Law Enforcement Training Centers for fiscal year 2025, out of 
any money in the Treasury not otherwise appropriated, $750,000,000, to 
remain available until September 30, 2029, for the purposes described 
in subsections (b) and (c).
    (b) Training.--Not less than $285,000,000 of the amounts available 
under subsection (a) shall be for supporting the training of newly 
hired Federal law enforcement personnel employed by the Department of 
Homeland Security and State and local law enforcement agencies 
operating in support of the Department of Homeland Security.
    (c) Facilities.--Not more than $465,000,000 of the amounts 
available under subsection (a) shall be for procurement, construction 
and maintenance of, improvements to, training equipment for, and 
related expenses, of facilities of the Federal Law Enforcement Training 
Centers.
SEC. 100054. APPROPRIATION FOR THE DEPARTMENT OF JUSTICE.
    In addition to amounts otherwise available, there is appropriated 
to the Attorney General for the Department of Justice for fiscal year 
2025, out of any money in the Treasury not otherwise appropriated, 
$3,330,000,000, to remain available through September 30, 2029, for the 
following purposes:
        (1) Executive office for immigration review.--
            (A) In general.--Hiring immigration judges and necessary 
        support staff for the Executive Office for Immigration Review 
        to address the backlog of petitions, cases, and removals.
            (B) Staffing level.--Effective November 1, 2028, the 
        Executive Office for Immigration Review shall be comprised of 
        not more than 800 immigration judges, along with the necessary 
        support staff.
        (2) Combating drug trafficking.--Funding efforts to combat drug 
    trafficking (including trafficking of fentanyl and its precursor 
    chemicals) and illegal drug use.
        (3) Prosecution of immigration matters.--Funding efforts to 
    investigate and prosecute immigration matters, gang-related crimes 
    involving aliens, child trafficking and smuggling involving aliens 
    within the United States, unlawful voting by aliens, violations of 
    the Alien Registration Act, 1940 (54 Stat., chapter 439), and 
    violations of or fraud relating to title IV of the Personal 
    Responsibility and Work Opportunity Act of 1996 (Public Law 104-
    193; 110 Stat. 2277), including hiring additional Department of 
    Justice personnel to investigate and prosecute such matters.
        (4) Nonparty or other injunctive relief.--Hiring additional 
    attorneys and necessary support staff for the purpose of continuing 
    implementation of assignments by the Attorney General pursuant to 
    sections 516, 517, and 518 of title 28, United States Code, to 
    conduct litigation and attend to the interests of the United States 
    in suits pending in a court of the United States or in a court of a 
    State in suits seeking nonparty or other injunctive relief against 
    the Federal Government.
        (5) Edward byrne memorial justice assistance grant program and 
    office of community oriented policing.--
            (A) In general.--Increasing funding for the Edward Byrne 
        Memorial Justice Assistance Grant Program and the Office of 
        Community Oriented Policing for initiatives associated with--
                (i) investigating and prosecuting violent crime;
                (ii) criminal enforcement initiatives; and
                (iii) immigration enforcement and removal efforts.
            (B) Limitations.--No funds made available under this 
        subsection shall be made available to community violence 
        intervention and prevention initiative programs.
            (C) Eligibility.--To be eligible to receive funds made 
        available under this subsection, a State or local government 
        shall be in full compliance, as determined by the Attorney 
        General, with section 642 of the Illegal Immigration Reform and 
        Immigrant Responsibility Act of 1996 (8 U.S.C. 1373).
        (6) Fiscally responsible lawsuit settlements.--Hiring 
    additional attorneys and necessary support staff for the purpose of 
    maximizing lawsuit settlements that require the payment of fines 
    and penalties to the Treasury of the United States in lieu of 
    providing for the payment to any person or entity other than the 
    United States, other than a payment that provides restitution or 
    otherwise directly remedies actual harm directly and proximately 
    caused by the party making the payment, or constitutes payment for 
    services rendered in connection with the case.
        (7) Compensation for incarceration of criminal aliens.--
            (A) In general.--Providing compensation to a State or 
        political subdivision of a State for the incarceration of 
        criminal aliens.
            (B) Use of funds.--The amounts made available under 
        subparagraph (A) shall only be used to compensate a State or 
        political subdivision of a State, as appropriate, with respect 
        to the incarceration of an alien who--
                (i) has been convicted of a felony or 2 or more 
            misdemeanors; and
                (ii)(I) entered the United States without inspection or 
            at any time or place other than as designated by the 
            Secretary of Homeland Security;
                (II) was the subject of removal proceedings at the time 
            the alien was taken into custody by the State or a 
            political subdivision of the State; or
                (III) was admitted as a nonimmigrant and, at the time 
            the alien was taken into custody by the State or a 
            political subdivision of the State, has failed to maintain 
            the nonimmigrant status in which the alien was admitted, or 
            to which it was changed, or to comply with the conditions 
            of any such status.
            (C) Limitation.--Amounts made available under this 
        subsection shall be distributed to more than 1 State. The 
        amounts made available under subparagraph (A) may not be used 
        to compensate any State or political subdivision of a State if 
        the State or political subdivision of the State prohibits or in 
        any way restricts a Federal, State, or local government entity, 
        official, or other personnel from doing any of the following:
                (i) Complying with the immigration laws (as defined in 
            section 101(a)(17) of the Immigration and Nationality Act 
            (8 U.S.C. 1101(a)(17))).
                (ii) Assisting or cooperating with Federal law 
            enforcement entities, officials, or other personnel 
            regarding the enforcement of the immigration laws.
                (iii) Undertaking any of the following law enforcement 
            activities as such activities relate to information 
            regarding the citizenship or immigration status, lawful or 
            unlawful, the inadmissibility or deportability, and the 
            custody status, of any individual:

                    (I) Making inquiries to any individual to obtain 
                such information regarding such individual or any other 
                individuals.
                    (II) Notifying the Federal Government regarding the 
                presence of individuals who are encountered by law 
                enforcement officials or other personnel of a State or 
                political subdivision of a State.
                    (III) Complying with requests for such information 
                from Federal law enforcement entities, officials, or 
                other personnel.

SEC. 100055. BRIDGING IMMIGRATION-RELATED DEFICITS EXPERIENCED 
NATIONWIDE REIMBURSEMENT FUND.
    (a) Establishment.--There is established within the Department of 
Justice a fund, to be known as the ``Bridging Immigration-related 
Deficits Experienced Nationwide (BIDEN) Reimbursement Fund'' (referred 
to in this section as the ``Fund'').
    (b) Use of Funds.--The Attorney General shall use amounts 
appropriated or otherwise made available for the Fund for grants to 
eligible States, State agencies, and units of local government, 
pursuant to their existing statutory authorities, for any of the 
following purposes:
        (1) Locating and apprehending aliens who have committed a crime 
    under Federal, State, or local law, in addition to being unlawfully 
    present in the United States.
        (2) Collection and analysis of law enforcement investigative 
    information within the United States to counter gang or other 
    criminal activity.
        (3) Investigating and prosecuting--
            (A) crimes committed by aliens within the United States; 
        and
            (B) drug and human trafficking crimes committed within the 
        United States.
        (4) Court operations related to the prosecution of--
            (A) crimes committed by aliens; and
            (B) drug and human trafficking crimes.
        (5) Temporary criminal detention of aliens.
        (6) Transporting aliens described in paragraph (1) within the 
    United States to locations related to the apprehension, detention, 
    and prosecution of such aliens.
        (7) Vehicle maintenance, logistics, transportation, and other 
    support provided to law enforcement agencies by a State agency to 
    enhance the ability to locate and apprehend aliens who have 
    committed crimes under Federal, State, or local law, in addition to 
    being unlawfully present in the United States.
    (c) Appropriation.--In addition to amounts otherwise available for 
the purposes described in subsection (b), there is appropriated to the 
Attorney General for fiscal year 2025, out of any money in the Treasury 
not otherwise appropriated, not to exceed $3,500,000,000, to remain 
available until September 30, 2028, for the Fund for qualified and 
documented expenses that achieve any such purpose.
    (d) Grant Eligibility of Completed, Ongoing, or New Activities.--
The Attorney General may provide grants under this section to State 
agencies and units of local government for expenditures made by State 
agencies or units of local government for completed, ongoing, or new 
activities determined to be eligible for such grant funding that 
occurred on or after January 20, 2021. Amounts made available under 
this section shall be distributed to more than 1 State.
SEC. 100056. APPROPRIATION FOR THE BUREAU OF PRISONS.
    (a) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Director of the Bureau of Prisons for 
fiscal year 2025, out of any money in the Treasury not otherwise 
appropriated, $5,000,000,000, to remain available through September 30, 
2029, for the purposes described in subsections (b) and (c).
    (b) Salaries and Benefits.--Not less than $3,000,000,000 of the 
amounts made available under subsection (a) shall be for hiring and 
training of new employees, including correctional officers, medical 
professionals, and facilities and maintenance employees, the necessary 
support staff, and for additional funding for salaries and benefits for 
the current workforce of the Bureau of Prisons.
    (c) Facilities.--Not more than $2,000,000,000 of the amounts made 
available under subsection (a) shall be for addressing maintenance and 
repairs to facilities maintained or operated by the Bureau of Prisons.
SEC. 100057. APPROPRIATION FOR THE UNITED STATES SECRET SERVICE.
    (a) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Director of the United States Secret 
Service (referred to in this section as the ``Director'') for fiscal 
year 2025, out of any money in the Treasury not otherwise appropriated, 
$1,170,000,000, to remain available through September 30, 2029, for the 
purposes described in subsection (b).
    (b) Use of Funds.--Amounts made available under subsection (a) may 
only be used for--
        (1) additional United States Secret Service resources, 
    including personnel, training facilities, programming, and 
    technology; and
        (2) performance, retention, and signing bonuses for qualified 
    United States Secret Service personnel in accordance with 
    subsection (c).
    (c) Performance, Retention, and Signing Bonuses.--
        (1) Performance bonuses.--The Director, at the Director's 
    discretion, may provide performance bonuses to any Secret Service 
    agent, officer, or analyst who demonstrates exemplary service.
        (2) Retention bonuses.--The Director may provide retention 
    bonuses to any Secret Service agent, officer, or analyst who 
    commits to 2 years of additional service with the Secret Service.
        (3) Signing bonuses.--The Director may provide a signing bonus 
    to any Secret Service agent, officer, or analyst who--
            (A) is hired on or after the date of the enactment of this 
        Act; and
            (B) commits to 5 years of service with the United States 
        Secret Service.
        (4) Service agreement.--In providing a retention or signing 
    bonus under this subsection, the Director shall provide each 
    qualifying individual with a written service agreement that 
    includes--
            (A) the commencement and termination dates of the required 
        service period (or provisions for the determination of such 
        dates);
            (B) the amount of the bonus; and
            (C) any other term or condition under which the bonus is 
        payable, subject to the requirements under this subsection, 
        including--
                (i) the conditions under which the agreement may be 
            terminated before the agreed-upon service period has been 
            completed; and
                (ii) the effect of a termination described in clause 
            (i).

                     Subtitle B--Judiciary Matters

SEC. 100101. APPROPRIATION TO THE ADMINISTRATIVE OFFICE OF THE UNITED 
STATES COURTS.
    In addition to amounts otherwise available, there is appropriated 
to the Director of the Administrative Office of the United States 
Courts, out of amounts in the Treasury not otherwise appropriated, 
$1,250,000 for each of fiscal years 2025 through 2028, for the purpose 
of continuing analyses and reporting pursuant to section 604(a)(2) of 
title 28, United States Code, to examine the state of the dockets of 
the courts and to prepare and transmit statistical data and reports as 
to the business of the courts, including an assessment of the number, 
frequency, and related metrics of judicial orders issuing non-party 
relief against the Federal Government and their aggregate cost impact 
on the taxpayers of the United States, as determined by each court when 
imposing securities for the issuance of preliminary injunctions or 
temporary restraining orders against the Federal Government pursuant to 
rule 65(c) of the Federal Rules of Civil Procedure.
SEC. 100102. APPROPRIATION TO THE FEDERAL JUDICIAL CENTER.
    (a) Appropriation.--In addition to amounts otherwise available, 
there is appropriated to the Director of the Federal Judicial Center, 
out of amounts in the Treasury not otherwise appropriated, $1,000,000 
for each of fiscal years 2025 through 2028, for the purpose described 
in subsection (b).
    (b) Use of Funds.--The Federal Judicial Center shall use the 
amounts appropriated under subsection (a) for the continued 
implementation of programs pursuant to section 620(b)(3) of title 28, 
United States Code, to stimulate, create, develop, and conduct programs 
of continuing education and training for personnel of the judicial 
branch, including training on the absence of constitutional and 
statutory authority supporting legal claims that seek non-party relief 
against the Federal Government, and strategic approaches for mitigating 
the aggregate cost impact of such legal claims on the taxpayers of the 
United States.

          Subtitle C--Radiation Exposure Compensation Matters

SEC. 100201. EXTENSION OF FUND.
    Section 3(d) of the Radiation Exposure Compensation Act (Public Law 
101-426; 42 U.S.C. 2210 note) is amended--
        (1) by striking the first sentence and inserting ``The Fund 
    shall terminate on December 31, 2028.''; and
        (2) by striking ``the end of that 2-year period'' and inserting 
    ``such date''.
SEC. 100202. CLAIMS RELATING TO ATMOSPHERIC TESTING.
    (a) Leukemia Claims Relating to Trinity Test in New Mexico and 
Tests at the Nevada Site.--Section 4(a)(1)(A) of the Radiation Exposure 
Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is amended--
        (1) in clause (i)--
            (A) in subclause (I), by striking ``October 31, 1958'' and 
        inserting ``November 6, 1962'';
            (B) in subclause (II)--
                (i) by striking ``in the affected area'' and inserting 
            ``in an affected area''; and
                (ii) by striking ``or'' after the semicolon;
            (C) by redesignating subclause (III) as subclause (IV); and
            (D) by inserting after subclause (II) the following:

                    ``(III) was physically present in an affected area 
                for a period of at least 1 year during the period 
                beginning on September 24, 1944, and ending on November 
                6, 1962; or''; and

        (2) in clause (ii)(I), by striking ``physical presence 
    described in subclause (I) or (II) of clause (i) or onsite 
    participation described in clause (i)(III)'' and inserting 
    ``physical presence described in subclause (I), (II), or (III) of 
    clause (i) or onsite participation described in clause (i)(IV)''.
    (b) Amounts for Claims Related to Leukemia.--Section 4(a)(1) of the 
Radiation Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 
note) is amended--
        (1) in subparagraph (A), by striking ``an amount'' and 
    inserting ``the amount'';
        (2) by striking subparagraph (B) and inserting the following:
            ``(B) Amount.--If the conditions described in subparagraph 
        (C) are met, an individual who is described in subparagraph (A) 
        shall receive $100,000.''; and
        (3) in subparagraph (C), by adding at the end the following:
                ``(iv) No payment under this paragraph previously has 
            been made to the individual, on behalf of the individual, 
            or to a survivor of the individual.''.
    (c) Conditions for Claims Related to Leukemia.--Section 4(a)(1)(C) 
of the Radiation Exposure Compensation Act (Public Law 101-426; 42 
U.S.C. 2210 note) is amended--
        (1) by striking clause (i); and
        (2) by redesignating clauses (ii) and (iii) as clauses (i) and 
    (ii), respectively.
    (d) Specified Diseases Claims Relating to Trinity Test in New 
Mexico and Tests at the Nevada Site.--Section 4(a)(2) of the Radiation 
Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is 
amended--
        (1) in subparagraph (A)--
            (A) by striking ``in the affected area'' and inserting ``in 
        an affected area'';
            (B) by striking ``2 years'' and inserting ``1 year''; and
            (C) by striking ``October 31, 1958,'' and inserting 
        ``November 6, 1962;'';
        (2) in subparagraph (B)--
            (A) by striking ``in the affected area'' and inserting ``in 
        an affected area''; and
            (B) by striking ``, or'' at the end and inserting a 
        semicolon;
        (3) by redesignating subparagraph (C) as subparagraph (D); and
        (4) by inserting after subparagraph (B) the following:
            ``(C) was physically present in an affected area for a 
        period of at least 1 year during the period beginning on 
        September 24, 1944, and ending on November 6, 1962; or''.
    (e) Amounts for Claims Related to Specified Diseases.--Section 
4(a)(2) of the Radiation Exposure Compensation Act (Public Law 101-426; 
42 U.S.C. 2210 note) is amended in the matter following subparagraph 
(D) (as redesignated by subsection (d) of this section)--
        (1) by striking ``$50,000 (in the case of an individual 
    described in subparagraph (A) or (B)) or $75,000 (in the case of an 
    individual described in subparagraph (C)),'' and inserting 
    ``$100,000'';
        (2) in clause (i), by striking ``, and'' and inserting a 
    semicolon;
        (3) in clause (ii), by striking the period at the end and 
    inserting ``; and''; and
        (4) by adding at the end the following:
                ``(iii) no payment under this paragraph previously has 
            been made to the individual, on behalf of the individual, 
            or to a survivor of the individual.''.
    (f) Downwind States.--Section 4(b)(1) of the Radiation Exposure 
Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is amended 
to read as follows:
        ``(1) `affected area' means--
            ``(A) except as provided under subparagraph (B)--
                ``(i) the States of New Mexico, Utah, and Idaho;
                ``(ii) in the State of Nevada, the counties of White 
            Pine, Nye, Lander, Lincoln, Eureka, and that portion of 
            Clark County that consists of townships 13 through 16 at 
            ranges 63 through 71; and
                ``(iii) in the State of Arizona, the counties of 
            Coconino, Yavapai, Navajo, Apache, and Gila, and Mohave; 
            and
            ``(B) with respect to a claim by an individual under 
        subsection (a)(1)(A)(i)(III) or subsection (a)(2)(C), only New 
        Mexico; and''.
SEC. 100203. CLAIMS RELATING TO URANIUM MINING.
    (a) Employees of Mines and Mills.--Section 5(a)(1)(A)(i) of the 
Radiation Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 
note) is amended to read as follows:
                ``(i)(I) was employed in a uranium mine or uranium mill 
            (including any individual who was employed in the transport 
            of uranium ore or vanadium-uranium ore from such mine or 
            mill) located in Colorado, New Mexico, Arizona, Wyoming, 
            South Dakota, Washington, Utah, Idaho, North Dakota, 
            Oregon, or Texas at any time during the period beginning on 
            January 1, 1942, and ending on December 31, 1990; or
                ``(II) was employed as a core driller in a State 
            referred to in subclause (I) during the period described in 
            such subclause; and''.
    (b) Miners.--Section 5(a)(1)(A)(ii)(I) of the Radiation Exposure 
Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is amended 
by inserting ``or renal cancer or any other chronic renal disease, 
including nephritis and kidney tubal tissue injury'' after 
``nonmalignant respiratory disease''.
    (c) Millers, Core Drillers, and Ore Transporters.--Section 
5(a)(1)(A)(ii)(II) of the Radiation Exposure Compensation Act (Public 
Law 101-426; 42 U.S.C. 2210 note) is amended--
        (1) by inserting ``, core driller,'' after ``was a miller'';
        (2) by inserting ``, or was involved in remediation efforts at 
    such a uranium mine or uranium mill,'' after ``ore transporter'';
        (3) by inserting ``(I)'' after ``clause (i)''; and
        (4) by striking ``or renal cancers'' and all that follows and 
    inserting ``or renal cancer or any other chronic renal disease, 
    including nephritis and kidney tubal tissue injury; or''.
    (d) Combined Work Histories.--Section 5(a)(1)(A)(ii) of the 
Radiation Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 
note), as amended by subsection (c), is further amended--
        (1) in subclause (I), by striking ``or'' at the end; and
        (2) by adding at the end the following:

                    ``(III)(aa) does not meet the conditions of 
                subclause (I) or (II);
                    ``(bb) worked, during the period described in 
                clause (i)(I), in 2 or more of the following positions: 
                miner, miller, core driller, and ore transporter;
                    ``(cc) meets the requirements under paragraph (4) 
                or (5); and
                    ``(dd) submits written medical documentation that 
                the individual developed lung cancer, a nonmalignant 
                respiratory disease, renal cancer, or any other chronic 
                renal disease, including nephritis and kidney tubal 
                tissue injury after exposure to radiation through work 
                in one or more of the positions referred to in item 
                (bb);''.

    (e) Special Rules Relating to Combined Work Histories.--Section 
5(a) of the Radiation Exposure Compensation Act (Public Law 101-426; 42 
U.S.C. 2210 note) is amended by adding at the end the following:
        ``(4) Special rule relating to combined work histories for 
    individuals with at least one year of experience.--An individual 
    meets the requirements under this paragraph if the individual 
    worked in one or more of the positions referred to in paragraph 
    (1)(A)(ii)(III)(bb) for a period of at least one year during the 
    period described in paragraph (1)(A)(i)(I).
        ``(5) Special rule relating to combined work histories for 
    miners.--An individual meets the requirements of this paragraph if 
    the individual, during the period described in paragraph 
    (1)(A)(i)(I), worked as a miner and was exposed to such number of 
    working level months that the Attorney General determines, when 
    combined with the exposure of such individual to radiation through 
    work as a miller, core driller, or ore transporter during the 
    period described in paragraph (1)(A)(i)(I), results in such 
    individual being exposed to a total level of radiation that is 
    greater or equal to the level of exposure of an individual 
    described in paragraph (4).''.
    (f) Definition of Core Driller.--Section 5(b) of the Radiation 
Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is 
amended--
        (1) in paragraph (7), by striking ``and'' at the end;
        (2) in paragraph (8), by striking the period at the end and 
    inserting ``; and''; and
        (3) by adding at the end the following:
        ``(9) the term `core driller' means any individual employed to 
    engage in the act or process of obtaining cylindrical rock samples 
    of uranium or vanadium by means of a borehole drilling machine for 
    the purpose of mining uranium or vanadium.''.
SEC. 100204. CLAIMS RELATING TO MANHATTAN PROJECT WASTE.
    The Radiation Exposure Compensation Act (Public Law 101-426; 42 
U.S.C. 2210 note) is amended by inserting after section 5 the 
following:
  ``SEC. 5A. CLAIMS RELATING TO MANHATTAN PROJECT WASTE.
    ``(a) In General.--A claimant shall receive compensation for a 
claim made under this Act, as described in subsection (b) or (c), if--
        ``(1) a claim for compensation is filed with the Attorney 
    General--
            ``(A) by an individual described in paragraph (2); or
            ``(B) on behalf of that individual by an authorized agent 
        of that individual, if the individual is deceased or 
        incapacitated, such as--
                ``(i) an executor of estate of that individual; or
                ``(ii) a legal guardian or conservator of that 
            individual;
        ``(2) that individual, or if applicable, an authorized agent of 
    that individual, demonstrates that such individual--
            ``(A) was physically present in an affected area for a 
        period of at least 2 years after January 1, 1949; and
            ``(B) contracted a specified disease after such period of 
        physical presence;
        ``(3) the Attorney General certifies that the identity of that 
    individual, and if applicable, the authorized agent of that 
    individual, is not fraudulent or otherwise misrepresented; and
        ``(4) the Attorney General determines that the claimant has 
    satisfied the applicable requirements of this Act.
    ``(b) Losses Available to Living Affected Individuals.--
        ``(1) In general.--In the event of a claim qualifying for 
    compensation under subsection (a) that is submitted to the Attorney 
    General to be eligible for compensation under this section at a 
    time when the individual described in subsection (a)(2) is living, 
    the amount of compensation under this section shall be in an amount 
    that is the greater of $50,000 or the total amount of compensation 
    for which the individual is eligible under paragraph (2).
        ``(2) Losses due to medical expenses.--A claimant described in 
    paragraph (1) shall be eligible to receive, upon submission of 
    contemporaneous written medical records, reports, or billing 
    statements created by or at the direction of a licensed medical 
    professional who provided contemporaneous medical care to the 
    claimant, additional compensation in the amount of all documented 
    out-of-pocket medical expenses incurred as a result of the 
    specified disease suffered by that claimant, such as any medical 
    expenses not covered, paid for, or reimbursed through--
            ``(A) any public or private health insurance;
            ``(B) any employee health insurance;
            ``(C) any workers' compensation program; or
            ``(D) any other public, private, or employee health program 
        or benefit.
        ``(3) Limitation.--No claimant is eligible to receive 
    compensation under this subsection with respect to medical expenses 
    unless the submissions described in paragraph (2) with respect to 
    such expenses are submitted on or before December 31, 2028.
    ``(c) Payments to Beneficiaries of Deceased Individuals.--In the 
event that an individual described in subsection (a)(2) who qualifies 
for compensation under subsection (a) is deceased at the time of 
submission of the claim--
        ``(1) a surviving spouse may, upon submission of a claim and 
    records sufficient to satisfy the requirements of subsection (a) 
    with respect to the deceased individual, receive compensation in 
    the amount of $25,000; or
        ``(2) in the event that there is no surviving spouse, the 
    surviving children, minor or otherwise, of the deceased individual 
    may, upon submission of a claim and records sufficient to satisfy 
    the requirements of subsection (a) with respect to the deceased 
    individual, receive compensation in the total amount of $25,000, 
    paid in equal shares to each surviving child.
    ``(d) Affected Areas.--For purposes of this section, the term 
`affected area' means--
        ``(1) in the State of Missouri, the ZIP Codes of 63031, 63033, 
    63034, 63042, 63045, 63074, 63114, 63135, 63138, 63044, 63121, 
    63140, 63145, 63147, 63102, 63304, 63134, 63043, 63341, 63368, and 
    63367;
        ``(2) in the State of Tennessee, the ZIP Codes of 37716, 37840, 
    37719, 37748, 37763, 37828, 37769, 37710, 37845, 37887, 37829, 
    37854, 37830, and 37831;
        ``(3) in the State of Alaska, the ZIP Codes of 99546 and 99547; 
    and
        ``(4) in the State of Kentucky, the ZIP Codes of 42001, 42003, 
    and 42086.
    ``(e) Specified Disease.--For purposes of this section, the term 
`specified disease' means any of the following:
        ``(1) Any leukemia, provided that the initial exposure occurred 
    after 20 years of age and the onset of the disease was at least 2 
    years after first exposure.
        ``(2) Any of the following diseases, provided that the onset 
    was at least 2 years after the initial exposure:
            ``(A) Multiple myeloma.
            ``(B) Lymphoma, other than Hodgkin's disease.
            ``(C) Primary cancer of the--
                ``(i) thyroid;
                ``(ii) male or female breast;
                ``(iii) esophagus;
                ``(iv) stomach;
                ``(v) pharynx;
                ``(vi) small intestine;
                ``(vii) pancreas;
                ``(viii) bile ducts;
                ``(ix) gall bladder;
                ``(x) salivary gland;
                ``(xi) urinary bladder;
                ``(xii) brain;
                ``(xiii) colon;
                ``(xiv) ovary;
                ``(xv) bone;
                ``(xvi) renal;
                ``(xvii) liver, except if cirrhosis or hepatitis B is 
            indicated; or
                ``(xviii) lung.
    ``(f) Physical Presence.--
        ``(1) In general.--For purposes of this section, the Attorney 
    General may not determine that a claimant has satisfied the 
    requirements under subsection (a) unless demonstrated by submission 
    of--
            ``(A) contemporaneous written residential documentation or 
        at least 1 additional employer-issued or government-issued 
        document or record that the claimant, for at least 2 years 
        after January 1, 1949, was physically present in an affected 
        area; or
            ``(B) other documentation determined by the Attorney 
        General to demonstrate that the claimant, for at least 2 years 
        after January 1, 1949, was physically present in an affected 
        area.
        ``(2) Types of physical presence.--For purposes of determining 
    physical presence under this section, a claimant shall be 
    considered to have been physically present in an affected area if--
            ``(A) the claimant's primary residence was in the affected 
        area;
            ``(B) the claimant's place of employment was in the 
        affected area; or
            ``(C) the claimant attended school in the affected area.
    ``(g) Disease Contraction in Affected Areas.--For purposes of this 
section, the Attorney General may not determine that a claimant has 
satisfied the requirements under subsection (a) unless the claimant 
submits--
        ``(1) written medical records or reports created by or at the 
    direction of a licensed medical professional, created 
    contemporaneously with the provision of medical care to the 
    claimant, that the claimant, after a period of physical presence in 
    an affected area, contracted a specified disease; or
        ``(2) other documentation determined by the Attorney General to 
    demonstrate that the claimant contracted a specified disease after 
    a period of physical presence in an affected area.''.
SEC. 100205. LIMITATIONS ON CLAIMS.
    Section 8(a) of the Radiation Exposure Compensation Act (Public Law 
101-426; 42 U.S.C. 2210 note) is amended by striking ``2 years after 
the date of enactment of the RECA Extension Act of 2022'' and inserting 
``December 31, 2027''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.