H.R.2903 - Balanced Budget Act of 1995 for Economic Growth and Fairness104th Congress (1995-1996)
|Sponsor:||Rep. Kasich, John R. [R-OH-12] (Introduced 01/26/1996)(by request)|
|Committees:||House - Budget; Ways and Means; Commerce; Banking and Financial Services; Judiciary; Agriculture; Economic and Educational; Government Reform; House Oversight; National Security; Veterans' Affairs; Resources; International Relations; Rules|
|Latest Action:||House - 02/09/1996 Referred to the Subcommittee on Commerce, Trade, and Hazardous Materials, for a period to be subsequently determined by the Chairman. (All Actions)|
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Summary: H.R.2903 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in House (01/26/1996)
TABLE OF CONTENTS:
Title I: Banking, Housing, and Related Provisions
Title II: Spectrum Allocation Provisions
Title III: Medicaid
Title IV: Medicare
Title V: Welfare Reform
Title VI: Federal Retirement Provisions
Title VII: Veterans and Related Provisions
Title VIII: Assets Sales, User Fees, and other Mandatory
Title IX: Revenues
Title X: Budget Enforcement
Balanced Budget Act of 1995 for Economic Growth and Fairness - Title I: Banking, Housing, and Related Provisions - Subtitle A: Financial Institutions - Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) to impose a special assessment on the Savings Association Insurance Fund (SAIF)-assessable deposits of each insured depository institution at a rate applicable to all such institutions that the Board, in its sole discretion, determines will cause the SAIF to achieve the designated reserve ratio on the first business day of January 1996. Allows the Board to exempt weak institutions from such assessment. Mandates exemption from such assessment for certain newly chartered and other specified institutions, but requires such institutions to pay semiannual assessments at certain former rates during calendar years 1996 through 1999.
(Sec. 2011) (sic) Authorizes certain institutions facing hardship as a result of the special assessment to elect to pay it in two assessments, plus a third supplemental special assessment, determined according to specified formulae.
Prescribes adjustments of the special assessment for Bank Insurance Fund (BIF) member banks and certain savings associations.
(Sec. 2012) Amends the Federal Home Loan Bank Act (FHLBA) and the Federal Deposit Insurance Act (FDIA) to revise the assessment authority of the Financing Corporation (FICO), extending FICO assessments to all depository institutions insured by the Federal Deposit Insurance Corporation (FDIC) instead of SAIF members only. Repeals specified limits on the amount that may be assessed.
(Sec. 2013) Declares that the SAIF and the BIF shall be merged into the Deposit Insurance Fund, which shall have a Special Reserve for any excess of the SAIF reserve ratio over the designated reserve ratio. Makes conforming amendments to FHLBA and FDIA.
(Sec. 2015) Prescribes procedural guidelines with respect to the refund of assessed payments in a deposit insurance fund in excess of the designated reserve amount.
(Sec. 2016) Amends the FDIA to declare that assessment rates for SAIF members may not be less than assessment rates for BIF members.
(Sec. 2017) Prohibits the FDIC Board of Directors from setting semi-annual assessments in excess of the amount needed to maintain or achieve the designated reserve ratio of a deposit insurance fund.
(Sec. 2018) Terminates as of December 31, 1995, the authority of the Thrift Depositor Protection Oversight Board to establish positions for and pay compensation and benefits to officers and employees, except for 18 individuals to carry out Board functions through May 1, 1996.
Subtitle B: Housing - Amends the United States Housing Act of 1937 with respect to section 8 low-income housing rental increases (including considerations of operating costs, certificate program participation, and same-family occupancy).
(Sec. 2052) Amends the National Housing Act to authorize: (1) insurance benefits to mortgagees for foreclosure avoidance activities; and (2) mortgagor assistance activities (mortgage payments or mortgage assignment to the Secretary of Housing and Human Development).
Title II: Communications and Spectrum Allocation Provisions - Amends the Communications Act of 1934 (the Act) to state that certain competitive bidding requirements shall not apply to licenses or construction permits issued by the Federal Communications Commission (FCC): (1) that, as the result of the FCC carrying out specified obligations, are not mutually exclusive; (2) for public safety radio services, including Government uses that protect the safety of life, health, and property and that are not made commercially available to the public; or (3) for initial licenses or construction permits for new terrestrial broadcast digital television (TV) services assigned by the FCC to existing terrestrial broadcast licensees to replace their current TV licenses, unless specified conditions are met. Prohibits the FCC from assigning initial licenses or construction permits to terrestrial commercial TV broadcast licensees to replace their existing broadcast licenses before November 15, 1996, except as provided pursuant to this Act. Extends through FY 2002 the authority of the FCC to grant such licenses or permits.
(Sec. 3001) (sic) Requires the FCC to complete all actions necessary to permit the assignment, by September 30, 2002, by competitive bidding of licenses for the use of bands of frequencies that: (1) individually span not less than 25 megahertz (mhz.), unless a combination of smaller bands can reasonably be expected to product greater receipts; (2) in the aggregate span not less than 100 mhz.; (3) are located below three gigahertz (ghz.); and (4) as of this Act's enactment date have not been designated by FCC regulation for assignment, identified by the Secretary of Commerce pursuant to provisions of the National Telecommunications and Information Administration Organization Act (NTIAO), or reserved for Government use pursuant to the Act. Directs the FCC to conduct competitive bidding for not less than one-half of such aggregate spectrum by September 30, 2000.
Requires the FCC, in making available bands of frequencies for competitive bidding, to: (1) promote the most efficient use of the spectrum; (2) take into account the cost to incumbent licensees of relocating existing uses to other bands of frequencies or other means of communication and the needs of public safety radio services; (3) comply with the requirements of international agreements concerning spectrum allocations; and (4) take into account the costs to satellite service providers that could result from multiple auctions of like spectrum internationally for global satellite systems.
Directs the FCC to notify the Secretary if the FCC: (1) is unable to provide for the effective relocation of incumbent licensees to frequencies available for assignment; and (2) has identified bands of frequencies that are suitable for the relocation of such licensees and that are allocated for Government use but that could be reallocated pursuant to the NTIAO Act.
Amends the NTIAO Act to require the Secretary, upon receiving a notice from the FCC pursuant to this Act, to prepare and submit to the President and the Congress a report recommending for reallocation for use other than by Government stations of bands of frequencies that are suitable for the uses identified in the FCC's notice.
Authorizes any Federal entity which operates a Government station to accept payment in advance or in-kind reimbursement of costs, or a combination thereof, from any person to defray entirely the expenses of relocating the Federal entity's operations from one or more radio spectrum frequencies to other frequencies. Directs that any such payment be deposited in the account of such Federal entity in the Treasury.
Authorizes any person seeking to relocate a Government station that has been assigned a frequency within a band allocated for mixed Federal and non-Federal use to submit a petition for such relocation to the National Telecommunications and Information Administration (NTIA). Directs NTIA to limit or terminate the Government station's operating license when certain requirements are met. Specifies that if, within one year after the relocation, the Government station demonstrates to the FCC that the new facilities or spectrum are not comparable to those from which the Government station was relocated, the person seeking such relocation must take reasonable steps to remedy any defects or pay the Federal entity for the costs of returning the Government station to the spectrum from which such station was relocated.
Sets forth provisions regarding: (1) Federal action to expedite spectrum transfer; (2) identification and reallocation of auctionable frequencies; and (3) allocation and assignment of frequencies identified in the second reallocation report.
(Sec. 3002) Prohibits any analog TV license from being renewed for a period that extends beyond the earlier of December 31, 2005, or one year after the FCC finds, based on annual surveys, that at least 95 percent of households in the United States have the capability to receive and display TV signals, other than TV signals transmitted pursuant to an analog TV license. Requires that, following such date, only advanced TV licenses be issued.
Requires the Department of Commerce, for each calendar year from 1998 to 2005, to conduct a survey to estimate the percentage of U.S. households that have the capability to receive and display TV signals other than those transmitted pursuant to an analog TV license.
Directs that licensees for new services be selected by competitive bidding. Requires the FCC to: (1) ensure that, as analog TV licenses expire, spectrum previously used for the broadcast of analog TV is reclaimed and organized in such manner as to maximize the deployment of new and existing services; and (2) complete the competitive bidding procedure by March 1, 2002.
Requires the FCC to establish procedures to ensure that, within the year prior to the reversion date, the advanced TV licensees provide each requesting household without the capability to receive and display TV signals other than those transmitted pursuant to an analog TV license with the capability to receive and display advanced TV service.
Mandates that each advanced TV service licensee provide, each day for the duration of its license, at least one non-subscription TV service that meets or exceeds minimum technical and other standards established by the FCC, as well as any other regulations pursuant to the Act and the Children's TV Act of 1990. Directs the FCC: (1) in setting such minimum technical standards, to ensure that picture and audio quality are at least as good as provided to recipients under current FCC rules for National Television Systems Committee signals and to adopt other requirements to assure the quality of the signal used to provide advanced TV services; and (2) revoke the license of any advanced TV licensee who fails to meet this condition of the license.
Requires the FCC to promulgate regulations to assure the dissemination of converter boxes or devices necessary to ensure access to digital TV to all households that desire such access at a reasonable cost.
Title III: Medicaid - Amends title XIX (Medicaid) of the Social Security Act (SSA) for the following purposes.
(Sec. 201) (sic) Sets a prescribed limit on the total amount of payments in grant awards to a State under Medicaid for FY 1997 through 2002 for each separate group of listed Medicaid beneficiaries in the State based on the total net matchable Medicaid expenditures for the State for the fiscal year, with certain exceptions for States providing medical assistance pursuant to an approved waiver and for certain Medicare cost-sharing, information system, Indian health and other specified expenditures. Declares that such limitation shall not be construed as applying to payments for the purchase and delivery of qualified pediatric vaccines.
Details enforcement-related provisions for assuring actual payments to States consistent with such limitation. Provides for application of enhanced matching under State payment provisions for development of certain information reporting systems.
Title IV: Medicare Savings - Amends SSA title XVIII (Medicare) part A to outline various specified changes related to the Hospital Insurance program under it that are designed to achieve Medicare savings through such measures involving, among other things: (1) adjustments for estimated case mix increase when recalibrating diagnosis-related group (DRG) prospective payment system (PPS) rates for inpatient hospital services; (2) temporary additional reduction in PPS capital and hospital-specific rates; (3) reductions in adjustments for disproportionate share hospitals (DSH) and indirect medical education (IME); (4) elimination of DSH and IME payments attributable to outlier payments; (5) reductions to capital payments for PPS-exempt hospitals; (6) basing updates to per diem cost limits effective for FY 1996 for skilled nursing facilities on limits for FY 1993, with payment for such facilities made on an interim prospective basis until FY 1999 when a full PPS is to be implemented; (7) salary equivalency guidelines for various specified therapy services; (8) removal of graduate medical education (GME), IME, and DSH payments from the calculation of the adjusted average per capita cost; (9) additional payments to hospitals for managed care enrollees; (10) rebasing the target amount and eliminating the volume adjustment for sole community hospitals; (11) expanding the essential access community hospitals (EACH) program (renamed the rural primary care hospital program) to all States with an end to new EACH designations, a limitation on length of inpatient stays, and certain payment-related changes; and (12) changes in the treatment of certain transfer cases.
(Sec. 11105) (sic) Establishes within the Department of Health and Human Services (HHS) the National Commission on Medical Education and Workforce Priorities to develop and recommend to the HHS Secretary specific policies concerning health centers and the health care workforce. Authorizes appropriations.
(Sec. 11118) Outlines various specified changes in certain provisions related to Medicare's Supplementary Medical Insurance program under SSA title XVIII part B that are designed to achieve Medicare savings and provide for coverage of additional benefits through such measures involving, among other things: (1) limited program coverage of respite services (the temporary care provided to individuals for the purpose of ensuring periodic time-off for co-resident primary informal caregivers); (2) new updates for physician services; (3) incentives to control high volume for in-hospital physicians' services; (4) reduced payment increases for ambulatory surgical center services for FY 1996 through 2002; (5) reductions in monthly payment amounts for oxygen and oxygen equipment; (6) payment limits for health maintenance organizations (HMOs) and competitive medical plans (CMPs); and (7) program coverage of annual screening mammography for women over age 49, and of colorectal screening.
(Sec. 11128) Waives cost-sharing for mammography.
(Sec. 11131) Establishes set payment amounts for certain vaccines and ties annual increases in them to increases in the yearly update for physicians' services for the particular year involved. Eliminates coinsurance and deductible for hepatitis B vaccine.
(Sec. 11141) Directs the HHS Secretary to use a competitive process to contract with centers of excellence for cataract surgery, coronary artery by-pass surgery, and such other services as the Secretary determines to be appropriate, with payment for such services to be made on the basis of specified negotiated or all-inclusive rates. Requires the amount of payment made by the HHS Secretary to the center for covered services to be less than the aggregate amount of payments that would have otherwise been made to it had not such process been in effect. Requires that a portion of such savings be rebated to each individual to whom such services are furnished.
(Sec. 11142) Restructures payment policy for home health services, among other things: (1) temporarily basing updates to per visit cost limits on pre-July 1, 1994 levels; (2) providing interim reduced cost limits for FY 1997 through 1999; (3) directing the HHS Secretary, for cost reporting periods beginning on or after FY 2000, to provide for payments for the services in accordance with a PPS which pays home health agencies on a per episode basis; (4) basing payment on the location where they are furnished; and (5) establishing a post-hospital home health benefit under Medicare part A while transferring other home health services to Medicare part B.
(Sec. 11148) Provides for permanent extension of certain secondary payer provisions under Medicare, including those for the working disabled.
(Sec. 11161) Modifies Medicare part B premium provisions, directing the HHS Secretary, during each September, to determine and promulgate a monthly premium rate for the succeeding calendar year equal to 50 percent of the monthly actuarial rate for enrollees age 65 and over for that succeeding calendar year.
Subtitle B: Expanded Medicare Choice - Gives Medicare a managed care component under a new part C (Managed Care Organizations) under which every individual entitled to benefits under Medicare part A and enrolled under Medicare part B (or enrolled under part B only) shall be eligible to enroll with any eligible organization contracting with the HHS Secretary to serve the geographic area in which the individual resides. Extends to such individuals a broader choice of managed care coverage through qualified HMOs, CMPs, preferred provider organizations, or provider sponsored organizations (PSOs). Delineates the types of benefits offered by each managed care organization or plan, requiring certain minimum services, with supplemental benefits subject to the Secretary's approval and provided at the enrollees' option. Outlines other program particulars regarding internal quality assurance, payment for services, and sanctions for noncompliance with program requirements.
(Sec. 11203) Directs the HHS Secretary to develop standards for fiscal soundness and requirements against the risk of insolvency for PSOs that have entered into contracts under Medicare part C.
(Sec. 11204) Provides for the applicability of Medicare rates to enrollees who use an out-of-plan provider of services.
(Sec. 11205) Directs the HHS Secretary to provide for regulations requiring the collection, analysis, and reporting of data that will permit measurement of outcomes and other indices of the quality of managed care plans under contract with the Secretary.
(Sec. 11206) Allows the HHS Secretary to waive certain HMO- and CMP-related requirements under Medicare with regard to certain described experiments and demonstration projects under provisions for economy while maintaining or improving quality in health services (competitive pricing demonstrations). Requires the HHS Secretary to report to the Congress specific recommendations for a new payment methodology for eligible organizations, with contracts under Medicare part C to be based on the results of such demonstrations.
(Sec. 11207) Eliminates the health care prepayment plan option for entities eligible to participate under Medicare part C.
(Sec. 11208) Provides various specified changes under the Medicare supplemental policy (Medigap) program, including uniform enrollment periods and community-rated premiums.
(Sec. 11209) Directs the HHS Secretary to develop a standard package of benefits (in addition to those already covered under Medicare) that may be offered by eligible organizations under Medicare part C.
Requires the HHS Secretary to request the National Association of Insurance Commissioners to examine the standard benefit packages for Medigap policies and recommend any restructuring needed in order to facilitate to the maximum extent feasible comparison across such policies and benefits offered by eligible organizations. Requires the HHS Secretary, after taking into account any such recommendations, to restructure such packages as needed.
Provides during FY 1996 through 2000 for Medicaid payments to certain States with large populations of illegal immigrants to pay health care providers for services to such populations.
(Sec. 11303) Revises Medicaid provisions regarding a State's erroneous excess payments for medical assistance, replacing references to such payments with references to erroneous enrollments, among other changes.
(Sec. 11311) Gives States the option of making medical assistance under Medicaid available to certain groups of individuals who would otherwise be ineligible for such assistance. Provides for the disregard of such additional enrollees in calculating the Federal payment limit.
(Sec. 11312) Places restrictions on certain authority under SSA title XI for new Medicaid eligibility expansion demonstrations.
(Sec. 11313) Provides for an upper income limit on "less restrictive" eligibility methodologies.
(Sec. 11321) Includes the provision of Medicaid items and services through a primary care case management system as a State Medicaid plan option.
(Sec. 11322) Allows States to require Medicaid-eligible individuals to enroll with an HMO or a primary care case manager provided certain guidelines are followed.
(Sec. 11323) Eliminates certain Medicaid restrictions on risk contracts.
(Sec. 11324) Provides six-month guaranteed eligibility for all individuals enrolled in Medicaid managed care.
(Sec. 11325) Requires State Medicaid plan requirements to ensure quality of and access to care under managed care plans.
(Sec. 11331) Provides for home- and community-based services as a State option under Medicaid without need for a waiver.
(Sec. 11332) Repeals Medicaid provisions for the enrollment of individuals under group health plans.
Gives States the option of purchasing health insurance, or paying the costs of health insurance, for enrollees in providing medical assistance under the Medicaid program.
(Sec. 11333) Modifies provisions for an extension of eligibility for medical assistance under Medicaid that concern the State "wrap-around" option, in which a State may pay a family's expenses for premiums, deductibles, coinsurance, and similar costs for health insurance or other health coverage offered by an employer of the caretaker relative or by an employer of the absent parent of a dependent child. Provides that, in the case of such coverage offered by an employer of the caretaker relative, the State may limit the amount of any deductible or copayment for any health care item or service to the applicable portion of the amount the State would pay if such item or service had been furnished by a provider participating in the program under the State Medicaid plan.
Eliminates the premium limit under provisions allowing a State to impose a premium for a family for additional extended coverage.
Makes reporting requirements under provisions concerning an additional six-month extension optional.
Gives States the option to terminate the benefits under such extension for a failure to report pursuant to such requirements.
(Sec. 11341) Requires with respect to State Medicaid plans a public process for determining the rates of payment for nursing facility services and services of intermediate care facilities for the mentally retarded.
Requires the HHS Secretary to study and report to the Congress with regard to such rate setting and other specified matters.
(Sec. 11343) Repeals Medicaid provisions for assuring certain payment levels for obstetrical and pediatric services.
(Sec. 11351) Modifies Medicaid mechanized claims processing and information retrieval system requirements.
(Sec. 11352) Eliminates certain personnel requirements under State Medicaid plan administrative provisions.
(Sec. 11353) Repeals requirements under such provisions for cooperative arrangements with State health and vocational rehabilitation services agencies.
(Sec. 11355) Requires appropriate State review of mentally ill or mentally retarded nursing facility residents under Medicaid upon a significant change in the resident's physical or mental condition.
(Sec. 11356) Modifies certain provisions for approving nurse aide training and competency evaluation programs.
(Sec. 11357) Allows a State to submit to the HHS Secretary for approval a single State plan to carry out: (1) the long-term care grant program established by subtitle E (sic); (2) the program of health insurance for the temporarily unemployed established by subtitle G (sic); and (3) the Medicaid program.
(Sec. 11358) Requires State Medicaid plans to provide for a public process for developing State plan amendments.
Subtitle D (sic): Fraud and Abuse - Federal Health Care Payment Integrity Act of 1995 - Amends SSA title XI civil monetary penalty provisions, with changes: (1) extending the applicability of such provisions to any Federal health care program; (2) outlining additional instances in which the HHS Secretary may impose civil money penalties, including for offering inducements to individuals enrolled under Federal health programs; and (3) modifying the amounts of various penalties and assessments.
(Sec. 11403) Modifies provisions for the exclusion of certain individuals and entities from participation in Medicare and State health care programs, establishing certain minimum periods of exclusion for certain individuals and entities subject to permissive exclusion from Medicare and State health care programs, among other changes.
(Sec. 11404) Amends Federal criminal laws to cover illegal remuneration with respect to health care benefit programs.
(Sec. 11405) Repeals the prerequisite that a health care practitioner or person be determined "unwilling or unable" to comply substantially with a corrective action plan before sanctions may be imposed (thus permitting the HHS Secretary to exclude such practitioner or person from eligibility to provide services for failure to comply with a corrective action plan, regardless of circumstances).
(Sec. 11406) Directs the HHS Secretary to establish a national health care fraud and abuse data collection program for the reporting of final adverse actions against health care providers, suppliers, or practitioners by government agencies and Federal health care programs. Provides that the information in the program database shall be available to Federal and State government agencies, health plans, and the public pursuant to procedures that the HHS Secretary shall provide, with certain fees allowed for disclosure.
(Sec. 11407) Expands the various authorities of State Medicaid fraud control units, including to allow them to investigate and prosecute patient abuse in non-Medicaid board and care facilities.
(Sec. 11408) Provides for the recovery of Medicare overpayments from bankrupt providers.
(Sec. 11409) Authorizes the HHS Secretary to make grants to States for the revocation of licenses of unqualified providers.
(Sec. 11410) Amends Federal criminal laws to provide for the authorization of interception of wire, oral, or electronic communications in connection with health care fraud.
(Sec. 11421) Establishes under SSA title XI the new Medicare Anti-Fraud and Abuse Program to provide funding out of the Medicare trust funds for the activities of the HHS Inspector General related to preventing and detecting fraud and abuse in the programs under SSA title XVIII and determining the accuracy and appropriateness of expenditures under such programs.
(Sec. 11422) Establishes the Medicare beneficiary integrity system for the review of the activities of service providers, audits, and education of service providers and others with respect to payment issues under Medicare.
(Sec. 11423) Establishes the Health Care Fraud and Abuse Control Account for covering the costs of activities designed to prevent and detect health care fraud and abuse and to promote economy and efficiency in Federal health care programs.
(Sec. 11431) Makes various specified criminal law amendments covering matters relating to health care fraud through allowing fines or imprisonment for health care fraud violations, property forfeitures for certain Federal health care offenses, and certain sanctions for false statements relating to health care matters. Authorizes investigative demand procedures under certain conditions.
(Sec. 11441) Provides for certain technical changes for coordinating Medicare benefits with those under primary plans, addressing such matters as when to file a claim and associated time limitations as well as claims between parties other than the United States.
Revises Medicare secondary payer provisions concerning actions by the United States for double damages to condition such damages upon the entity's failure to demonstrate that it did not know, and could not have known, of its obligation to pay with respect to an item or service under a primary plan.
(Sec. 11445) Repeals the excise tax under the Internal Revenue Code.
(Sec. 11446) Mandates the provision by group health plans of certain information to HHS with respect to covered individuals entitled to Medicare benefits. Outlines similar requirements with respect to employers and employee organizations.
(Sec. 11447) Makes certain technical changes under Medicare concerning minimum sizes of group health plans.
(Sec. 11451) Provides for increased flexibility in contracting for Medicare claims processing by, among other means: (1) allowing carriers to include entities that are not insurance companies; (2) repealing cost reimbursement requirements; and (3) permitting initial contracts to be entered into without regard to any competition requirements.
(Sec. 11461) Replaces the reasonable charge methodology under Medicare part B with fee schedules.
(Sec. 11462) Provides, under Medicare part B, for the application of: (1) inherent reasonableness to surgical dressings; and (2) the competitive acquisition process to certain items and services, including laboratory services.
(Sec. 11465) Makes certain changes in payments for clinical laboratory tests under Medicare part B.
(Sec. 11471) Amends SSA title XI to authorize the HHS Secretary to require disclosing Medicare part A and B providers to provide the Secretary with their taxpayer identification numbers and other information for verification by the Secretary of the Treasury.
(Sec. 11472) Amends SSA title XVIII to provide for the use of a wage index for an area in which home health services are furnished.
Allows an individual to purchase or rent from a supplier an item of upgraded durable medical equipment for which payment would be made if the item was a standard one.
Title V: Welfare Reform - Subtitle A: Temporary Employment Assistance - Replaces the current Aid to Families with Dependent Children (AFDC) program under SSA title IV part A with the Temporary Employment Assistance (TEA) program for the purpose of providing assistance to families with needy children and assisting parents of such children to obtain and retain private sector work to the extent possible, and public sector or volunteer work if necessary, through the Work First Employment Block Grant (WORK FIRST) program established below. Authorizes appropriations.
(Sec. 9101) Sets forth the elements for State TEA plans to be approved by the HHS Secretary, and effective in all political subdivisions in the State, including limits on the length of time for cash assistance, with specified exceptions for teen parents and individuals exempt from certain work requirements under this title because of illness or other specified reasons. Includes among such elements requirements for the State to: (1) assess the skills, prior work experience, and employability of each applicant for, or recipient of, TEA assistance who is age 18 or without a high school education and is not attending secondary school; (2) develop an individual responsibility plan (IRP) setting forth their job search, work, and educational obligations (including, at State option, appropriate substance abuse treatment) in order to receive the full amount of program assistance, with assistance denied after the third act of noncompliance with the plan; (3) place recipients of TEA assistance who have not become employed in the private sector within one year after signing an IRP in the first available slot in the State WORK FIRST program with certain exceptions for recipients who are ill, incapacitated, or of advanced age or who are enrolled in school or in educational or training programs that will lead to private sector employment; (4) require all applicants for, and recipients of, TEA assistance to cooperate in the establishment and enforcement of paternity and child support obligations; and (5) promote family preservation and stability.
Denies TEA assistance for: (1) ten years to a person found to have fraudulently misrepresented residence in order to obtain assistance in two or more States; and (2) fugitive felons and probation and parole violators.
Provides for the exchange of certain State TEA plan information with law enforcement agencies for the purpose of locating or apprehending such individuals.
Outlines State TEA plan administrative elements, including requirements for a quality assurance system making use of a data collection and reporting system to promote accountability, continuous improvement, and integrity in State TEA and WORK FIRST programs.
(Sec. 9201) Extends the applicability of Medicare eligibility for medical assistance to families that cease to be eligible for aid under SSA title IV part A after FY 2002.
(Sec. 9202) Requires the applicable State agency to provide notice of the availability of the earned income tax credit to applicants and former recipients of TEA assistance, food stamps, and Medicaid.
(Sec. 9203) Amends the Omnibus Budget Reconciliation Act of 1990 to require inclusion on the W-4 form of a notice of availability of earned income tax and dependent care tax credit.
(Sec. 9204) Provides for advance payment of the earned income tax credit through certain State demonstration programs under which participating residents shall receive advance earned income payments from a responsible State agency pursuant to a State Advance Payment Program in lieu of receiving earned income advance amounts from an employer. Authorizes appropriations.
(Sec. 9205) Amends the Child Care and Development Block Grant Act of 1990 to make various specified changes, including provisions to: (1) reauthorize the child care and development block grant program through FY 2002; (2) give priority in the use of funds under such program to families with an individual receiving TEA assistance while participating in education-, job-, or work-related programs under such program, and to families no longer qualifying for other child care because their TEA assistance was terminated because of increased income from employment; (3) authorize separate appropriations of Federal matching funds for child care services for eligible children out of which the State will be entitled to payments under a grant determined according to a specified formula; (4) decrease certain set-asides for improving the quality of child care and increasing the availability of early childhood development and before- and after-school care services, while repealing other related set-asides for conducting or expanding such services; and (5) direct the Secretary to establish a child care quality improvement incentive initiative to make funds available to States which have enhanced child care quality standards and licensing procedures or have progressed in implementing innovative teacher training programs.
Eliminates State dependent care grants under the Omnibus Budget Reconciliation Act of 1981.
Repeals the Child Development Associate Scholarship Assistance Act of 1985.
(Sec. 9206) Amends the Internal Revenue Code to include as gross income Supplemental Security Income (SSI) benefits received by taxpayers under SSA title XVI, and make such benefits reportable. Provides that SSI benefits will not be taken into account for purposes of the earned income tax credit, and that adjusted gross income shall be determined without regard to any amount includable in gross income solely by reason of this paragraph.
(Sec. 9207) Makes the dependent care credit refundable and phases it out for certain higher income taxpayers.
Subtitle C: Work First (sic) - Replaces the current Job Opportunities and Basic Skills Training Program (JOBS) under SSA title IV part F with the WORK FIRST program (the Work First Employment Block Grant program) under which States have the option of providing a wide variety of time-limited work-related assistance, pursuant to an approved State plan, to TEA recipients through certain minimum hours of participation in any of various specified program components ranging from microenterprise initiatives to separate workfare and job placement voucher programs established by the State under new SSA title IV parts G and H (but not both), with the goal of enabling the participant to find and hold a full-time unsubsidized position, preferably in the private sector, in a cost-effective fashion.
(Sec. 9301) Outlines in detail WORK FIRST program components, including community service and subsidized private sector job initiatives under the workfare program for helping participants move into the private labor market, and job placement voucher programs' funding of subsidized temporary jobs out of the funds that would otherwise be used to provide individuals with TEA assistance or food stamps. Requires participating States to achieve certain outlined participation rates over a specified fiscal year period through 2003 and later.
Expresses the sense of the Congress that States should target individuals who have not attained age 25 for participation in the WORK FIRST program in order to break the cycle of welfare dependency.
Subtitle D: Family Responsibility and Improved Child Support Enforcement - Amends SSA title IV part D (Child Support and Establishment of Paternity) with regard to eligibility and other matters concerning part D program clients, and includes among the changes made the following.
(Sec. 9401) Requires each State to have in effect laws requiring procedures under which every child support order established or modified in the State on or after October 1, 1998, is recorded in a single centralized automated case registry established pursuant to this subtitle for the collection from income withholding, and prompt disbursement (including interstate collection and disbursement), of amounts payable as support under orders in all cases being enforced by the State unless the parties to the order opt out of such payment arrangement. Provides for such system to be coordinated with the automated data system established above.
(Sec. 9402) Establishes procedures governing the distribution of child support payments where the family is, and is not, on TEA assistance, with certain alternative distributions provided for.
(Sec. 9403) Adds State child and spousal support plan requirements for due process rights and privacy safeguards for affected parties in child support and paternity establishment cases.
(Sec. 9411) Amends SSA title IV part D with regard to program administration and funding, and includes among the changes made: (1) an increased Federal matching rate for the total amounts expended by the State per quarter for operation of its part D plan; (2) new performance-based incentive adjustments to such rate as well as new penalties in the form of reduced State payments for, among other reasons, States failing to achieve the paternity establishment percentage or the appropriate level of overall performance in child support enforcement; (3) new Federal and State reviews and audits of State child support and paternity establishment program accomplishments with respect to applicable performance indicators; (4) the establishment of procedures to be followed by States for collecting and reporting information required to be provided under SSA title IV part D as well as uniform definitions to be applied in following such procedures; and (5) requirements for appropriate State agencies to have in operation a single statewide automated data processing and information retrieval system for use in program management.
(Sec. 9416) Requires the HHS Secretary to study and report to the Congress on the staffing of each State child support enforcement program to examine staffing practices used by the States.
(Sec. 9417) Provides certain funding for secretarial assistance to State child support enforcement programs.
(Sec. 9421) Makes various specified changes under SSA title IV part D with regard to locate and case tracking through the newly provided for central case registry, including exchanges of data with an expanded Federal Parent Locator Service (FPLS) (containing among other things a directory of information supplied by employers on newly hired individuals) and State agencies administering TEA and Medicaid programs.
(Sec. 9423) Revises income withholding, providing that all child support orders issued (or modified) before October 1, 1996, which are not otherwise subject to withholding, shall become subject to withholding from wages if arrearages occur without the need for a judicial or administrative hearing.
(Sec. 9425) Provides for an expanded FPLS, including an automated Data Bank of Child Support Orders and an automated Directory of New Hires.
(Sec. 9426) Adds State law requirements for procedures requiring the recording of social security numbers of both parents on marriage licenses and divorce decrees and on birth records and child support and paternity orders.
(Sec. 9431) Requires State adoption, with certain modifications and additions, of the Uniform Interstate Family Support Act, as approved by the National Conference of Commissioners on Uniform State Laws in August, 1992, for use in the State on and after January 1, 1997.
(Sec. 9432) Modifies the Federal judicial code with respect to full faith and credit for child support orders, among other changes specifying rules for courts to follow if one or more child support orders have been issued in the State (or another State) with regard to an obligor and a child in determining which order to recognize for purposes of continuing, exclusive jurisdiction and enforcement.
(Sec. 9433) Adds State law requirements for expedited procedures for ordering genetic testing, entering default orders, and other specified purposes connected with paternity establishment and the establishment or modification of support obligations.
(Sec. 9441) Expresses the sense of the Congress that social services should be provided in hospitals to women who have become pregnant as a result of rape or incest.
(Sec. 9442) Makes various specified changes with regard to paternity establishment, making it a requirement under the State plan for outreach activities aimed at voluntary paternity establishment, and providing for an increased base matching rate for payments to the States, among other changes.
Modifies the cooperation requirement and good cause exception.
(Sec. 9451) Establishes the National Child Support Guidelines Commission to develop a national child support guideline for congressional consideration that is based on a study of various guideline models.
(Sec. 9452) Restructures procedures for the review and adjustment of child support orders.
(Sec. 9461) Makes a variety of changes under SSA title IV part D for the enforcement (including international enforcement) of child support orders, including: (1) elimination of disparities in the treatment of assigned and non-assigned arrearages under SSA title IV part D provisions for the collection of past-due support from Federal tax refunds; (2) certain actions by the State, such as the placement of liens on motor vehicle titles of individuals owing arrears of child support, voiding of fraudulent transfers by individuals to avoid payment to a child support creditor, and withholding or suspension of driver's and professional and occupational licenses of individuals owing overdue child support, in order to ensure compliance with support orders; (3) an extended statute of limitations for collection of support arrearages as well as the imposition of charges for such arrearages; (4) action by the Department of State denying or otherwise restricting passports for individuals with an arrearage of child support in excess of $5,000; (5) treatment by the State of international child support cases as interstate cases; and (6) making grandparents liable for the financial support of the children of their minor children.
Revises and consolidates the authorities under SSA title IV part D for collecting support from Federal employees, and outlines the framework for a centralized personnel locator service for the Department of Defense for enforcement of the child support obligations of members of the armed forces.
(Sec. 9468) Revises procedures for State reporting of support arrearages to credit bureaus.
(Sec. 9472) Expresses the sense of the Congress that: (1) the United States should ratify the United Nations Convention of 1956; and (2) the States should develop programs, such as the State of Wisconsin's Children's First Program, designed to work with noncustodial parents who are unable to meet their child support obligations.
(Sec. 9481) Amends the Employee Retirement Income Security Act of 1974 (ERISA) to include within the definition of "medical child support order" an order issued through a State administrative process.
(Sec. 9491) Amends the Food Stamp Act of 1977 to: (1) give the applicable State administrative agencies the option of requiring the cooperation of custodial and non-custodial parents with child support agencies in establishing paternity or providing support, except for certain good cause reasons, before they can participate in the food stamp program; and (2) provide States with a similar option with regard to individual family members delinquent in making any monthly child support payment.
Subtitle E: Teen Pregnancy and Family Stability - Gives States the option of denying TEA assistance to families having additional children (other than as a result of rape or incest) while being a recipient of such aid or during the six month period ending with the date the family applied for such aid.
(Sec. 9502) Requires State TEA plans to require any unmarried individual under age 18 who is pregnant or has a needy child in his or her care to reside in an adult-supervised living arrangement in order to receive TEA assistance (such aid to be provided to the parent, legal guardian, or other adult relative on behalf of such individual and child) unless the State agency determines that the individual's current living arrangement is appropriate for an individual with no parent or legal guardian of his or her own who is living and whose whereabouts are known.
(Sec. 9503) Amends title XX (Block Grants to States for Social Services) to require the Secretaries of Education and of HHS and the Chief Executive Officer of the Corporation for National and Community Service to establish the National Clearinghouse on Adolescent Pregnancy Prevention Programs to serve as a national information and data clearinghouse and as a training, technical assistance, and material development source for adolescent pregnancy prevention programs.
(Sec. 9504) Requires completion of high school or other educational training for teen parents required under the TEA program to participate in the WORK FIRST program. Gives the States the option of providing additional incentives and penalties to encourage teen parents to complete high school and participate in parenting activities.
(Sec. 9505) Denies Federal housing benefits to minor heads of household who bear children out-of-wedlock until they attain age 18 unless: (1) after the birth of the child the individual marries the child's biological father, or, if the biological parent has legal custody of the child, an individual who legally adopts the child; (2) the individual is a biological and custodial parent of another child who was not born out-of-wedlock; (3) eligibility for such Federal housing assistance is based in whole or in part on any disability or handicap of a member of the household; or (4) the State deems it necessary.
(Sec. 9506) Gives States the option to deny TEA assistance to minor parents, while still preserving each family member's Medicaid eligibility, and allowing the State to provide the family with vouchers, in amounts not exceeding the value of any such reduction in assistance, that may be used only to pay for goods and services suitable for the care of the child and the costs of the adult-supervised supportive living arrangement in which the parent and child live.
Subtitle F: SSI Reform - Revises the eligibility rules for children, with corresponding changes to childhood SSI regulations: (1) modifying the medical criteria for evaluation of mental and emotional disorders by eliminating references to maladaptive behavior in the domain of personal-behavioral function; and (2) discontinuing the use of individualized functional assessments for children. Requires the Commissioner of Social Security to redetermine the eligibility of any individual under age 18 who is receiving SSI benefits based on a disability as of the date of the enactment of this Act, and whose eligibility for such benefits may terminate by reason of this subtitle.
(Sec. 9602) Provides that at least every three years the Commissioner shall review the continued SSI eligibility of each individual who has not attained age 18 and is eligible for such benefits by reason of an impairment (or combination of impairments) which may improve (or, if the Commissioner chooses, which is unlikely to improve). Requires a parent or guardian of a recipient whose case is so reviewed to present, at the time of review, evidence demonstrating that the recipient is, and has been, receiving treatment, to the extent considered medically necessary and available, of the condition which was the basis for providing benefits under the SSI program.
Provides that, if an individual is eligible for SSI benefits by reason of disability for the month preceding the month in which the individual attains age 18, the Commissioner shall redetermine such eligibility: (1) during the one year period beginning on the individual's 18th birthday; and (2) by applying the criteria used in determining the initial eligibility for applicants who have attained age 18.
Outlines specific requirements governing: (1) continuing disability reviews for low birth weight babies; and (2) benefit payments through representative payees to eligible individuals and their spouses.
(Sec. 9604) Amends SSA title XVI to provide for the denial of SSI benefits for drug addicts and alcoholics whose alcoholism or drug addiction would be a contributing factor towards the individual's disability.
Directs the Secretary of the Treasury to provide funding to the Director of the National Institute on Drug Abuse to expand the availability of drug treatment and for expenditure on the medication development project to improve drug abuse and drug treatment research.
(Sec. 9605) Denies SSI benefits for: (1) ten years to individuals found to have fraudulently misrepresented residence in order to obtain benefits simultaneously in two or more States; and (2) fugitive felons and probation and parole violators. Provides for the exchange of certain SSI information with law enforcement agencies for locating or apprehending recipients who are fugitive felons or probation and parole violators.
Subtitle D (sic): Supplemental Security Income - Provides that if the Commissioner determines that an individual, age 18 or older, is eligible to receive SSI benefits as a result of a disability, the Commissioner shall, at the time of the determination, either exempt the individual from an eligibility review or establish a schedule for reviewing the individual's continuing eligibility in accordance with specified guidelines.
(Sec. 9607) Allows the Commissioner to revise such a determination and schedule a review if he or she obtains credible evidence that an individual may no longer be eligible for benefits or the Commissioner determines that a review is necessary to maintain the integrity of the SSI program. Provides that such reviews may be conducted by the applicable State agency or the Commissioner, whichever is appropriate.
Subtitle H (sic): Treatment of Aliens - Extends the period of sponsor attribution of income and resources (to an alien) under the statewide TEA, SSI, and food stamp programs through the date (if any) of such alien's citizenship. Sets forth exceptions based upon age, military or veteran status, family status, domestic violence, or taxpayer status. (Permits Medicaid eligibility.)
Amends the Social Security Act to set forth TEA rules regarding income and resource attribution.
(Sec. 9802) Amends the Immigration and Nationality Act to set forth rules for sponsor affidavits of support.
(Sec. 9803) Extends affidavit of support requirements to family-related and diversity immigrants.
(Sec. 6102) (sic) Amends the Social Security Act to extend (and reduce from current levels) appropriations for State block grants for social services.
(Sec. 120011) The Food Stamp Act Amendments of 1995 - Amends the Food Stamp Act of 1997 to treat children who are at least 18 years old and are themselves parents living with their children or married and living with their spouse as part of an existing household rather than as a separate household.
(Sec. 12012) (sic) Revises thrifty food plan provisions.
(Sec. 12013) Reduces the age for excluding student earnings from food stamp program (program) household income determinations. Includes energy assistance payments in household income determinations.
(Sec. 12015) Revises and extends on a declining scale standard deduction provisions.
(Sec. 12016) Authorizes States to make standard utility allowances mandatory.
(Sec. 12017) Eliminates the October 1, 1996, specified auto asset increase.
(Sec. 12018) Authorizes States to require cooperation with child support enforcement agencies as a prerequisite for program participation.
(Sec. 12020) Eliminates the minimum allotment annual adjustment provision.
(Sec. 12022) Prohibits allotment increases based upon household income reductions resulting from public assistance program penalties.
(Sec. 12023) Permits States to use income and eligibility verification systems other than specified methods under the Social Security Act.
(Sec. 12024) Expands claims collection methods.
(Sec. 12031) Amends the National School Lunch Act to revise day care reimbursement provisions, including sponsor payments.
(Sec. 12032) Revises reimbursement rate adjustment provisions for: (1) commodities; (2) special assistance funds; (3) the summer food service program; (4) family or group day care sponsors; (5) the special milk program; and (6) the breakfast program.
(Sec. 12033) Amends the Child Nutrition Act to eliminate start-up and expansion grants.
(Sec. 12034) Authorizes appropriations through FY 2002 for nutrition education and training. (Current authorization is permanent.)
(Sec. 12035) Amends the National School Lunch Act to reduce the minimum amount of commodity assistance.
Title X (sic): Food Stamps and Commodity Distribution - Food Stamp Reform and Commodity Distribution Act of 1995 - Subtitle A: Food Stamp Program - Amends the Food Stamp Act of 1977 to establish a program certification period of up to 24 months for households whose adult members are elderly or disabled.
(Sec. 1012) (sic) Expands the definition of "coupon".
(Sec. 1016) Revises the definition of "homeless individual" to limit the length of time a person may temporarily live in another person's residence.
(Sec. 1023) Increases penalties for certain program violations.
(Sec. 1024) Disqualifies permanently an individual convicted of specified coupon violations.
(Sec. 1027) Revises employment and training provisions. Extends funding authorizations.
(Sec. 1030) Disqualifies a fleeing felon from program participation.
(Sec. 1034) Directs (with a waiver for unusual difficulties) States to implement electronic benefit transfer systems.
(Sec. 1035) Eliminates the minimum allotment annual adjustment provision.
(Sec. 1037) Authorizes an optional combined allotment for expedited households.
(Sec. 1038) Prohibits allotment increases based upon household income reductions resulting from means-tested public assistance program penalties.
(Sec. 1039) Authorizes benefits for households residing in drug or alcohol treatment centers.
(Sec. 1046) Authorizes program information to be shared with law enforcement agencies under specified circumstances.
(Sec. 1047) Revises expedited coupon service provisions.
(Sec. 1048) Authorizes a family to withdraw a fair hearing request.
(Sec. 1049) Permits States to use income, eligibility, and immigration status verification systems other than a specified method under the Social Security Act.
(Sec. 1059) Extends pilot program authority.
Subtitle B: Commodity Distribution Programs - Amends the Agriculture and Consumer Protection Act of 1973 to extend the commodity distribution and commodity supplemental food programs, including cheese and nonfat dry milk provisions.
(Sec. 1073) Amends the Charitable Assistance and Food Bank Act of 1987 to repeal the food bank demonstration project.
(Sec. 1074) Amends the Hunger Prevention Act of 1988 to eliminate provisions regarding: (1) soup kitchens and other emergency food aid; (2) food processing and distribution; and (3) food bank demonstration projects.
Title VI (sic): Federal Retirement and Related Provisions - Subtitle A: Civil Service and Postal Service Provisions - Amends the Omnibus Budget Reconciliation Act of 1993 to extend the delay in cost-of-living adjustments in Federal employee retirement benefits through FY 2002.
(Sec. 6002) Revises Federal civil service law with respect to the Civil Service (CSRS) and Federal Employees (FERS) Retirement Systems regarding deductions, contributions, and deposits, increasing agency contributions under CSRS during calendar years 1996 through 2002, and providing for a phased-in increase under both systems of the amounts of individual deductions, deposits, and withholdings until 2003 when, in certain cases, the percentage of basic pay subject to such withholding reverts back to the current 1995 rate.
(Sec. 6003) Makes additional retirement-related changes under both systems with regard to Members of Congress and congressional employees and their years of service for purposes of computing an annuity.
(Sec. 6004) Provides under CSRS for treatment similar to that of congressional service with respect to accrual rates relating to certain Federal judges and other judicial personnel.
(Sec. 6005) Amends Federal postal law to repeal the authorization of transitional appropriations for the U.S. Postal Service and make certain other changes to provide that liabilities formerly paid pursuant to such repealed authorization remain payable by the Postal Service.
(Sec. 13103) (sic) Requires each Federal executive agency, the receipts and disbursements of which are not generally included in the totals of the Federal budget submitted by the President, to prepay the Government contributions which are or will be required in connection with providing health-benefits coverage for annuitants of such agency.
Title VII: Veterans and Related Provisions - Veterans Reconciliation Act of 1995 - Subtitle A: Extension of Temporary Authorities - Extends through FY 2002: (1) the requirement that non-service disabled veterans having incomes above a specified level make copayments in exchange for hospital and medical care received through the Department of Veterans Affairs (Department, for purposes of this title); (2) the authority for collection of a $2 copayment from veterans earning above a minimum income level for prescription medication furnished for outpatient treatment of a nonservice-connected condition; (3) certain Department authority for veterans' medical care cost recovery; (4) the authority under Federal veterans' benefits provisions and the Internal Revenue Code to verify a veteran's income for purposes of eligibility for needs-based benefits; (5) a pension payment limitation of $90 monthly to Medicaid-eligible veterans and surviving spouses who have no dependents and who are in Medicaid-participating nursing homes; (6) the authority of the Secretary of Veterans Affairs to charge and collect a home loan fee for housing loans guaranteed by the Department; (7) the procedures applicable upon the default of such guaranteed loans; and (8) the authority of the Secretary to issue and guarantee the timely payment of certificates evidencing an interest in a pool of mortgage loans made in connection with the sale of defaulted properties.
Subtitle B: Other Matters - Directs the Secretary, as of December 1, 1995, to round down to the next lower whole dollar any cost-of-living adjustments in veterans' disability compensation and dependency and indemnity compensation rates. Prohibits any such rates from being increased during FY 1997 through 2002 by a percentage which is more than the percentage increase for benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act.
(Sec. 10023) (sic) Revises the Government's liability standard for injuries or death resulting from Department treatment to allow compensation to be awarded for the additional disability in the same manner as if the disability or death were service-connected. Provides proximate cause requirements. Makes such revision effective for claims received by the Secretary on or after October 1, 1995.
(Sec. 10024) Prohibits the withholding of any payments normally made to a veteran or their survivor because of any liability to the Secretary arising out of any loan made to, or insured or guaranteed on account of, such veteran unless the Secretary provides written notice through certified mail of the authority to waive the payment of the indebtedness. Outlines procedures to be followed when the Secretary does not waive the entire amount of such indebtedness.
Subtitle C: Educational Benefits - Provides that the cost-of-living adjustments in the rates of veterans' educational assistance payments through FY 2002 shall be 50 percent of the amount by which such payments would have been increased otherwise.
Title VIII: Asset Sales; User Fees and Other Mandatory Programs - Subtitle A: United States Enrichment Corporation - USEC Privatization Act - Directs the Board of Directors of the United States Enrichment Corporation (USEC) to transfer USEC ownership to a private corporation established under this Act. Mandates the inclusion of sale proceeds in the budget baseline required by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), and its inclusion as an offset to direct spending.
(Sec. 3005) (sic) Requires USEC directors to establish a private for-profit corporation under the laws of a State for the purpose of receiving the assets and obligations of USEC at privatization and continuing USEC business operations following privatization.
(Sec. 3007) Directs USEC to transfer the lease of gaseous diffusion plants and related property at Paducah, Kentucky, and Piketon, Ohio, to the private corporation concurrent with such privatization. Prohibits the Secretary of Energy (the Secretary) from leasing to the private corporation facilities necessary for the production of highly enriched uranium.
(Sec. 3008) Prescribes procedural guidelines for: (1) transfer of contracts to the private corporation, including the right to purchase power from the Secretary under previous power purchase contracts for the gaseous diffusion plants; (2) retention by the United States of pre-privatization liabilities; (3) pension, post-retirement health benefit, and collective bargaining agreement protections for contractor employees at the two gaseous diffusion plants; and (4) retention of Federal retirement and health benefits by former Federal employees.
(Sec. 3011) Prohibits USEC directors, officers, or employees from acquiring any securities (or rights to acquire any securities) of the private corporation on terms more favorable than those offered to the general public in specified circumstances.
(Sec. 3012) Requires the U.S. Executive Agent under the Russian HEU Agreement to transfer to the Secretary without charge title to an amount of uranium hexafluoride (based on a tails assay of 0.30 U235) equivalent to the natural uranium component of low-enriched uranium derived from at least 18 metric tons of highly enriched uranium purchased from the Russian Executive Agent under such Agreement. Deems such uranium hexafluoride to be of Russian origin. Requires the Secretary to sell, and receive payment for, the transferred uranium hexafluoride for: (1) overfeeding in the operations of enrichment facilities in the United States; (2) end use outside the United States; or (3) consumption by end users in the United States during calendar year 2001, according to a specified schedule beginning in 1998. Requires the U.S. Executive Agent, upon request of the Russian Executive Agent, to deliver concurrently to such Agent, an amount of uranium hexafluoride equivalent to the natural uranium component of such low-enriched uranium.
Provides for auction of such uranium hexafluoride, or U308 (in the event that the conversion component of such hexafluoride has previously been sold), if the Russian Executive Agent does not exercise its right to agree to take delivery of the natural uranium component of any low-enriched uranium within 90 days after delivery of such low-enriched uranium to the U.S. Executive Agent.
Grants the Secretary of Commerce responsibility for administration and enforcement of the limitations set forth in this section.
Exempts from certain provisions of the Tariff Act of 1930 highly enriched uranium and low-enriched uranium derived from highly enriched uranium (including the natural uranium component and any uranium products delivered pursuant to enrichment contracts affected by such imports), if the President determines that a waiver with respect to the importation of such uranium, which is derived from highly enriched uranium extracted from nuclear weapons dismantled in the Russian Federation and purchased from the Russian Federation under a government-to-government agreement, is in the U.S. national security interest.
Requires the Secretary of Energy to transfer to USEC without charge up to 50 metric tons of enriched uranium and up to 7,000 metric tons of natural uranium from the Department of Energy (DOE) stockpile. Prohibits USEC from delivering for commercial end use in the United States: (1) any of such uranium before January 1, 1998; (2) more than ten percent of such uranium or more than 4 million pounds, whichever is less, in any calendar year after 1997; or (3) more than 800,000 separative work units contained in low-enriched uranium transferred in any calendar year.
Authorizes the Secretary to sell, from time to time, natural and low-enriched uranium from the DOE stockpile, subject to specified conditions. Permits DOE transfer or sale of enriched uranium to: (1) Federal agencies; (2) any person for national security purposes; or (3) any State or local agency or non-profit, charitable, or educational institution for use other than the commercial generation of electricity.
(Sec. 3013) Prescribes guidelines under which the Secretary shall accept low-level radioactive waste (including depleted uranium if ultimately determined to be such waste) for disposal at the request and expense (by reimbursement) of the generator.
(Sec. 3014) Grants USEC exclusive commercial rights to deploy and use any federally owned or controlled Atomic Vapor Laser Isotope Separation (AVLIS) patents, processes and technical information, upon completion of a royalty agreement with the Secretary.
Instructs the President to transfer related AVLIS property (except those related to the gaseous diffusion, gas centrifuge, and uranium enrichment programs) to USEC upon its request.
(Sec. 3017) Amends the Atomic Energy Act of 1954 to: (1) repeal the mandate and authority of USEC as of the privatization date; and (2) exclude from the definition of "production facility" the construction and operation of a uranium enrichment facility using AVLIS technology, and make such a facility eligible for one-step licensing.
Prohibits issuance of any license or certificate of compliance to USEC or its successor if its issuance would, in the opinion of the Nuclear Regulatory Commission (NRC), be inimical to: (1) the common defense and security of the United State; or (2) maintenance of a reliable and economical domestic source of enrichment services because of the nature and extent of USEC ownership, control or domination by a foreign corporation or government or any other relevant factors or circumstances.
Provides for periodic application of USEC for NRC certification at least once every five years (instead of annually). Revises the purview of judicial review of NRC actions to include: (1) any final order establishing standards to govern DOE gaseous diffusion uranium enrichment facilities, including facilities leased to a corporation established under this Act; and (2) any final determination relating to whether such facilities comply with such standards.
Provides for civil money penalties for violations of licensing or certification requirements.
Subtitle B: Naval Petroleum Reserves Privatization - Naval Petroleum Reserves Privatization Act - Sets a deadline for the Secretary of Energy (the Secretary) to prepare, and submit for the President's approval, a plan for selling Naval Petroleum Reserve Numbered 1 (NPR 1), and for selling or leasing the remaining Reserves out of Federal ownership in FY 2002. Directs the President to approve the plan with or without modifications by a specified date.
(Sec. 4121) Delineates guidelines within which: (1) the Secretary shall finalize equity interests of the known oil and gas zones in NPR 1; and (2) the Secretary of the Treasury shall pay to the State of California (to be credited by the State to the Supplemental Benefits Maintenance Account within the Teachers' Retirement Fund) seven percent of proceeds from the NPR 1 sale.
Instructs the Secretary to exercise certain termination procedures so that specified contracts with Bechtel Petroleum Operations, Inc., and Chevron U.S.A, respectively, terminate not later than the closing date of the sale of such Reserve.
Authorizes the Secretary to transfer to the purchaser of NPR 1 the incidental take permit regarding the reserve issued to the Secretary by the U.S. Fish and Wildlife Service.
(Sec. 4122) States that if the President so designates, the net proceeds from privatizing the Reserves shall be included in the budget baseline required by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings), and counted as an offset to direct spending.
(Sec. 4123) Reduces, upon sale of NPR 1, certain discretionary spending limits set forth in the Congressional Budget Act of 1974.
(Sec. 4131) Transfers to the Secretary of the Interior the functions vested in the Secretary of Energy with regard to Oil Shale Reserve Numbered 2 (located in Utah).
(Sec. 4132) Instructs the Secretary of the Interior to study and report to the President on the appropriateness of including the Green River area within the national wild and scenic rivers system.
(Sec. 4133) States that nothing in this subtitle affects any interest in, or right or obligation respecting, the Uintah and Ouray Indian Reservation.
(Sec. 4151) Amends Federal law governing Naval Petroleum Reserves to revise jurisdictional, administrative, and product disposition guidelines in order to reflect the privatization of such Reserves under this Act.
Repeals the requirement for the Secretary to obtain the President's approval before: (1) executing land purchases and condemnation proceedings; (2) entering into agreements with private interests; (3) changing the rate of prospecting and development.
Eliminates the statutory guidelines governing the Secretary's authority to contract with private interests for exploration, prospecting and development of NPR 1.
Restricts the amount of funds collected under the Emergency Petroleum Allocation Act of 1973 that may be used to enhance production from the Reserves for FY 1996.
Authorizes the Secretary to mine and remove oil shale or oil shale products from Oil Shale Reserves for national defense or research.
(Sec. 5221) Instructs the Secretary of Energy (the Secretary) to: (1) conduct an asset management and disposition program that will result in specified receipts and savings by the end of FY 2000; and (2) draw down and sell 32 million barrels of oil contained in the Weeks Island (Louisiana) Strategic Petroleum Reserve Facility.
(Sec. 5223) Amends the Energy Policy and Conservation Act to authorize the Secretary to store petroleum product owned by a foreign government in underutilized Strategic Petroleum Reserve facilities. Permits exportation of such product without license.
Subtitle C: Natural Resources - Helium Act of 1995 - Amends the Helium Act to authorize the Secretary of the Interior to: (1) enter into agreements with private parties for the recovery and disposal of helium on Federal lands; (2) grant leasehold rights to such helium; (3) store, transport, and sell crude helium; and (4) maintain and operate existing crude helium storage facilities at the Bureau of Mines Cliffside Field.
(Sec. 5313) Directs the Secretary to: (1) cease producing, refining, and marketing refined helium; and (2) dispose of all facilities, equipment, and Federal property interests relating to refined helium activities.
Requires the Secretary to impose fees for helium storage, withdrawal, or transportation services.
(Sec. 5314) Prescribes guidelines for: (1) the purchase of helium by Federal agencies from certain private persons; and (2) the sale of crude helium by the Secretary. Requires the Secretary to make crude helium sales in amounts necessary to carry out this Act with minimum market disruption. Mandates that proceeds from helium sales be paid to the Treasury.
(Sec. 5315) Instructs the Secretary to eliminate helium stockpiles by a certain deadline. Repeals the Secretary's authority to borrow under the Helium Act.
(Sec. 5317) Directs the Secretary of the Interior to convey to the Texas Plains Girl Scout Council for consideration of one dollar specified lands in Potter County, Texas, reserving easements to the United States for pipeline rights-of-way.
(Sec. 5421) Outer Continental Shelf Deep Water Royalty Relief Act - Amends the Outer Continental Shelf Lands Act to authorize the Secretary of the Interior to reduce or eliminate any royalty or net profit share set forth in existing leases for oil or gas resources in certain areas of deep water on the Outer Continental Shelf in the Gulf of Mexico.
(Sec. 5422) Declares that, with specified exceptions, no royalty payments shall be due on new production from any lease or unit located in specified water depths in the Western and Central Planning Areas of the Gulf until certain volumes of oil equivalent are produced.
(Sec. 5423) Provides for new leases and lease sales on the basis of a cash bonus bid meeting certain criteria.
(Sec. 5424) Suspends royalties for a seven-year period for new leases in specified water depths in the Gulf. Subjects sales of such leases to such cash bonus bidding system.
Subtitle C (sic): GSA Property Sales - Instructs the Administrator of General Services (the Administrator) to sell: (1) all Federal interests in and to Governors Island, New York, granting rights of first refusal to the State and the City of New York, respectively; and (2) the air rights adjacent to the Washington Union Station.
(Sec.6022) Directs Amtrak to convey specified air rights to the Administrator as a condition of future Federal financial assistance. Prohibits Amtrak from obligating Federal funds for failure to comply.
Title V: Energy and Natural Resources Provisions - Subtitle A: Nuclear Regulatory Commission Annual Charges - Amends the Omnibus Budget Reconciliation Act of 1990 to extend from September 30, 1998, to September 30, 2002, the authority of the Nuclear Regulatory Commission to assess and collect annual user fees and charges.
Subtitle B: Department of Energy Assets - Amends specified Federal law to increase the annual charge to San Francisco and other municipalities or water districts granted water rights-of-way from the Hetch Hetchy Dam. Makes annual operation of Yosemite National Park (currently, the building and maintenance of roads and trails in Yosemite and other California national parks) the highest priority use of the proceeds from such charges, with the remainder of any funds to be used for operations of the other California national parks.
(Sec. 5402) Prescribes guidelines under which the Administrator of the Bonneville Power Administration (BPA) shall refinance a certain appropriated debt by determining with the approval of the Secretary of the Treasury: (1) a new principal amount for such debt; (2) a new interest rate for such debt based on the Treasury rate for the old capital investment; and (3) a $100 million limit on prepayments of old capital investments before a certain date.
(Sec. 5406) Prescribes guidelines for interest rates for new capital investments.
(Sec. 5408) Amends the Confederated Tribes of the Colville Reservation Grand Coulee Dam Settlement Act to credit specified amounts to the Administrator in certain fiscal years so long as the Administrator makes annual payments to the Tribes under a certain settlement agreement.
(Sec. 5409) Directs the Administrator to offer to include provisions in future electric power service contracts that preclude further increases in the principal amount or interest rate obligations to the Government.
(Sec. 5411) Alaska Power Administration Asset Sale and Termination Act - Sets forth definitions. (No further text provided in bill.)
(Sec. 5451) Amends the Land and Water Conservation Fund Act of 1965 (the Act) to revise admission guidelines, and increase special recreation use fees for the National Park System (NPS), and National Recreation Areas, respectively. Restricts lifetime admission permits to U.S. citizens, or persons permanently domiciled in the United States, who are permanently disabled (currently, blind or permanently disabled).
Repeals the proscription against admission fees for the following NPS units: (1) U.S.S. Arizona Memorial; (2) Independence National Historical Park; (3) District of Columbia NPS units; (4) Arlington House-Robert E. Lee National Memorial; (5) San Juan National Historic Site; and (6) Canaveral National Seashore. Repeals the limitation imposed upon single-visit permit fees for the Yellowstone, Grand Teton, and Grand Canyon National Parks.
Revises guidelines governing recreation use fees. Removes the maximum statutory fine for violations. Revises guidelines governing covering of fees collected into a special NPS account.
Revises commercial tour use fee guidelines to instruct the Secretary of the Interior to establish a commercial tour use fee in lieu of a per person admission fee imposed on each commercial tour vehicle.
(Sec. 5452) Covers increased fees into special accounts for FY 1997 through 2005, specifying four percent annual increases thereafter.
(Sec. 5453) Provides for allocation and use of receipts in each agency's special account.
Subtitle F: National Defense Stockpile - Requires the President to dispose of all cobalt and specified materials listed in a certain National Defense Stockpile disposal schedule.
(Sec. 9002) Amends the Act of August 5, 1909 to extend higher vessel tonnage duties through FY 2002.
(Sec. 9003) Authorizes the Director of the Federal Emergency Management Agency (FEMA) to assess and collect fees applicable to persons subject to radiological emergency preparedness regulations.
(Sec. 6011 (sic)) Amends the Omnibus Budget Reconciliation Act of 1990 to extend Patent and Trademark Office surcharges through FY 2002.
(Sec. 11161) (sic) Amends the Internal Revenue Code to extend through FY 2002 the mandatory disclosure of return information to governmental agencies administering certain veterans programs.
Subtitle F (sic): Taxpayer Bill of Rights 2 Provisions - Amends the Internal Revenue Code to limit the Secretary of the Treasury's authority to abate interest attributable to error by Internal Revenue Service (IRS) personnel to unreasonable error only.
(Sec. 6105) Amends Federal civil service law to redefine Federal service in the armed forces or the commissioned corps of the National Oceanic and Atmospheric Administration with respect to the denial of unemployment insurance to individuals who voluntarily leave military service.
Title IX: Limitations on Corporate Welfare and Other Revenue Provisions - Subtitle A: Expatriation - Amends the Internal Revenue Code to provide that if a U.S. citizen relinquishes citizenship, all property held by such citizen at the time immediately before relinquishment shall be treated as sold at such time for its fair market value and any gain or loss shall be subject to U.S. income tax.
(Sec. 101) (sic) Permits an expatriate to elect to continue to be taxed as a United States citizen, in which case the provisions applicable to other expatriates will not apply.
Excludes $600,000 in gain from taxation, except for allocable gain from interest in a beneficiary's qualified trust.
Allows an expatriate to elect to have property made subject to tax in the same manner as if the individual were a U.S. citizen if the individual: (1) provides security for payment of tax; (2) consents to waiver of treaty rights that would preclude tax assessment or collection; and (3) complies with other requirements prescribed by the Secretary of the Treasury. Conditions that the election shall apply to all of the expatriate's property and shall be irrevocable.
Directs that if an election is made to defer tax: (1) no amount shall be required to be includible in gross income; and (2) the expatriate's tax for the taxable year in which such property is disposed of, shall be increased by the deferred tax amount, regardless of whether gain or loss is recognized in whole or in part.
States that these provisions apply to: (1) any interest in property held on the expatriation date the gain from which would be includible in gross income if sold for fair market value on such date; and (2) any other interest to which special rules applicable to beneficiaries' interests in trust apply. Excepts certain interests in U.S. real property interests and retirement plans. Prescribes such special rules applicable to beneficiaries' interests in trust.
Terminates, on the date on which property held by an individual is treated as sold under this Act, any deferral of recognition of income or gain and any extension of time for payment of tax.
Imposes a tentative tax, immediately before the expatriation date, on income required to be included equal to the amount that would be imposed if the taxable year were a short taxable year ending on the expatriation date.
Disallows the exclusion from gross income of the value of any property acquired as a gift, bequest, devise, or inheritance received from a covered expatriate after the expatriation date.
(Sec. 102) Requires the filing of certain information by expatriates.
Subtitle B: Corporate Reforms - Provides, with respect to a corporate shareholder's basis in stock reduced by the nontaxed portion of extraordinary dividends, that if the nontaxed portion of such dividend exceeds such basis, such excess shall be treated as gain from the sale or exchange of such stock for the taxable year in which the extraordinary dividend is received.
(Sec. 202) Requires the organizer of a corporate tax shelter to register the shelter. Sets forth penalties for failure to file.
(Sec. 203) Prohibits a deduction for interest paid on life insurance policies or annuities which cover a company officer or employee.
(Sec. 205) Revises the Puerto Rico and possession tax credit for years beginning after December 31, 1995. Provides for a five-year phasedown with respect to such credit.
(Sec. 206) Directs that personal property used predominately within the U.S. exchanged and held for productive use or investment not be treated like personal property used predominately outside the U.S.
(Sec. 207) Repeals the transition rule for a financial corporation with respect to rules allocating interest to foreign source income.
(Sec. 208) Treats the conversion of a large corporations into an S corporation as a complete liquidation.
(Sec. 209) Modifies the number of taxable years to which the net operating loss deduction may be carried.
(Sec. 210) Treats an appreciated financial position as sold for its fair market value on the date of its constructive sale (and any gain for the taxable year which includes such date) if there is a constructive sale of such a position.
(Sec. 211) Modifies the rules for allocating interest expense to tax-exempt interest. Makes such rules applicable to corporations (currently, financial institutions).
(Sec. 212) Reduces the 70 percent dividends reduction to 50 percent.
(Sec. 213) Modifies the holding period applicable to the dividends received deduction.
(Sec. 214) Treats certain nonqualified preferred stock as boot (not as stock or securities) for the purposes of property transfers to a corporation controlled by the transferor.
(Sec. 215) Disallows the deduction for any interest paid or accrued on certain debt instruments of a corporation.
(Sec. 216) Defers the interest deduction on convertible indebtedness of a corporation until the taxable year in which it is paid.
Subtitle C: Foreign Provisions - Amends the Internal Revenue Code to revise the requirements regarding information that must be reported regarding certain foreign trusts.
(Sec. 302) Modifies the circumstances (with regard to foreign trusts having one or more U.S. beneficiaries) in which a transferor is treated as the owner.
(Sec. 303) Replaces provisions setting forth a special rule applicable to foreign grantors with provisions declaring that provisions relating to treating grantors and others as substantial owners shall apply only when that application results in an amount being currently taken into account in computing the income of a U.S. citizen or resident or a domestic corporation.
(Sec. 304) Requires a United States person to report information regarding foreign gifts or bequests when the gifts' aggregate value during a taxable year exceeds $10,000.
(Sec. 305) Modifies requirements regarding the interest charge on accumulation distributions from foreign trusts.
(Sec. 306) Changes the circumstances in which an estate or trust is included in the definition of "United States person." Modifies the definition of "foreign estate" and "foreign trust." Requires (for provisions relating to the imposition of a tax on transfers to avoid income tax) treating a trust which is not a foreign trust and which becomes a foreign trust as having transferred, immediately before becoming a foreign trust, all of its assets to a foreign trust.
(Sec. 311) Amends the Internal Revenue Code to modify the definition of "foreign personal holding company income" to include income from a notional principal contract entered into for the purposes of hedging certain transactions and income.
(Sec. 312) Disallows the foreign tax credit to any country for foreign oil and gas extraction income and eliminates the deferral for all foreign oil and gas extraction income with respect to foreign base company oil related income.
(Sec. 313) Limits the exclusion on foreign earned income of U.S. citizens or residents living abroad for any taxable year at the lowest tax rate.
Subtitle D: Accounting Provisions - Amends the Internal Revenue Code to repeal the reserve method of accounting for determining deductions for bad debts by thrift institutions, effective for taxable years beginning after 1995. Repeals, with respect to thrift institutions to which such accounting method applied, provisions relating to: (1) the denial of a portion of certain tax credits to a thrift institution; (2) special rules regarding the foreclosure of property securing loans of a thrift institution; (3) the reduction in the dividends received deduction of a thrift institution; and (4) the ability of a thrift institution to use a net operating loss to offset its income from a residential interest in a real estate mortgage investment conduit. Provides rules to implement the change in the method of accounting required by the repeal.
(Sec. 401) Defines applicable excess reserves. Sets forth provisions for thrifts which become small banks.
Provides for the suspension of recapture if the taxpayer meets the residential loan requirement. Defines the term residential loan requirement. Allows in cases where the taxpayer is not a large bank, for the purposes of determining the net amounts of adjustments, that only the excess of the reserve for bad debts as of the close of the last taxable year before the disqualification year over the balance of reserves shall be taken into account. Provides for the treatment of reserves for bad debts under the elective cut-off method. Prohibits the inclusion of a portion of reserve in gross income under the elective cut-off method. Provides for continued application of provisions respecting distributions to stockholders, but the amount of the reserve accounted for by the taxpayer shall be the balance of the amount of the applicable excess reserves. Provides for the treatment of the balance of the applicable excess reserves and the balance of reserves accounted for by a taxpayer as carryovers in certain corporate acquisitions.
(Sec. 402) Revises provisions concerning the income forecast method of determining depreciation deductions.
(Sec. 403) Repeals the lower-of-cost-or-market method of accounting for inventories.
Subtitle E: Administrative Provisions - Repeals the credit for purchasers of diesel-powered automobiles and light trucks.
(Sec. 502) Increases the amount of penalty for any failure to file information returns if less than 97 percent of the aggregate amount of items are reported correctly.
Subtitle F: Casualty and Involuntary Conversion Provisions - Revises provisions concerning the involuntary conversion of property into either similar property or money.
Subtitle G: Excise Tax on Amounts of Private Excess Benefits - Amends the Internal Revenue Code to impose a 25 percent tax (which shall be paid by the disqualified person) on any transaction from which an economic benefit is provided by a tax-exempt organization directly or indirectly to a disqualified person, if the value of the benefit provided exceeds the value of the consideration. Sets forth additional reporting requirements for 501(c)(3) organizations. Requires any solicitation of an organization that refers to itself as nonprofit, when it is not exempt from tax, to contain an express statement that it is not exempt from tax. Imposes a penalty for failure to disclose.
Subtitle H: Extension of Certain Taxes - Extends: (1) the environmental tax until January 1, 1997; (2) the Hazardous Superfund Financing rate until October 1, 1996; (3) the Oil Spill Liability Trust Fund financing rate until October 1, 2002; and (4) the Federal unemployment tax at the present rates through 2002 and 2003, respectively.
Subtitle I: Provisions Relating to Individuals - Prohibits the nonrecognition of gain on the sale of a principal residence which is attributable to depreciation adjustments.
(Sec. 852) Requires withholding from winnings of more than $5,000 from bingo or keno.
(Sec. 853) Repeals the provision which provides for the exclusion from income of rent from the rental of a vacation home for less than 15 days.
Subtitle J: Reform of the Earned Income Credit - Denies the earned income credit to individuals not authorized to be employed in the U.S.
(Sec. 902) Modifies the definition of "disqualified income" to include capital gain net income for purposes of the denial of the earned income credit for individuals having excessive income.
Title IX: Middle Class Bill of Rights - Middle Class Bill of Rights Tax Relief Act of 1996 - Subtitle A: Middle Class Tax Relief - Amends the Internal Revenue Code to allow individuals a tax credit of $300 per eligible child under the age of 13 years. Increases such credit to $500 per eligible child after December 31, 1998. Reduces such credit for incomes of $60,000 or more. Provides an inflation adjustment for such amounts beginning in 1999.
(Sec. 2) (sic) Allows individuals a tax deduction for the qualified higher education expenses of the taxpayer and the taxpayer's spouse and dependents. Limits such deduction to $10,000 ($5,000 for years 1996, 1997, and 1998). Reduces such limitation for modified adjusted gross incomes of $70,000 or more ($100,000 for a joint return). Allows such deduction in computing adjusted gross income.
Subtitle B: Provisions Relating to Individual Retirement Plans - Increases the income limitations on retirement savings deductions and provides a cost-of-living adjustment after 1994 for such limitations.
(Sec. 12) Provides a cost-of-living adjustment for deductible retirement amounts after 1995.
(Sec. 13) Coordinates the limit on such deduction with the elective deferral limit under other pension provisions.
(Sec. 21) Establishes special individual retirement accounts that are nondeductible. Makes such accounts nontaxable if earnings on contributions are held for at least five years. Applies the early withdrawal penalty to distributions made before the end of the five-year period.
(Sec. 21) (sic) Allows distributions from certain retirement plans without penalty to purchase first homes, pay higher education expenses and financially devastating medical expenses (including qualified long-term care services), and assist certain unemployed individuals.
(Sec. 22) Requires contributions to such plans to be held for at least five years prior to such distributions.
Subtitle C: Increase in Deduction for Health Care Costs of Self-Employed Individuals - Increases the deduction for health insurance costs of self-employed individuals by specified applicable percentages for taxable years beginning in 1996.
Title X (sic): Budget Enforcement - Specifies discretionary spending limits for new budget authority and outlays for FY 1996 through 2002. Limits the amount of funding available for the Internal Revenue Service compliance initiative in any fiscal year not to exceed $405 billion each for additional new budget authority and in outlays.
(Sec. 10003) (sic) Continues the enforcement of the pay-as-you-go provisions.
(Sec. 10004) Defines the term "fiscal dividend " to mean the amount by which the deficit target exceeds the actual deficit. Provides for the use of the fiscal dividend in the congressional budget process for the current fiscal year.