Input:
SECTION 1. PROTECTION OF HEALTH AND SAFETY DURING DISASTERS.

    (a) Definitions.--In this section:
            (1) Certified monitoring program.--The term ``certified
        monitoring program'' means a medical monitoring program--
                    (A) in which a participating responder is a
                participant as a condition of the employment of such
                participating responder; and
                    (B) that the Secretary of Health and Human Services
                certifies includes an adequate baseline medical
                screening.
            (2) Disaster area.--The term ``disaster area'' means an
        area in which the President has declared a major disaster (as
        that term is defined in section 102 of the Robert T. Stafford
        Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122)),
        during the period of such declaration.
            (3) High exposure level.--The term ``high exposure level''
        means a level of exposure to a substance of concern that is for
        such a duration, or of such a magnitude, that adverse effects
        on human health can be reasonably expected to occur, as
        determined by the President, acting through the Secretary of
        Health and Human Services, in accordance with human monitoring
        or environmental or other appropriate indicators.
            (4) Individual.--The term ``individual'' includes--
                    (A) a worker or volunteer who responds to a
                disaster, either natural or manmade, involving any mode
                of transportation in the United States or disrupting
                the transportation system of the United States,
                including--
                            (i) a police officer;
                            (ii) a firefighter;
                            (iii) an emergency medical technician;
                            (iv) any participating member of an urban
                        search and rescue team; and
                            (v) any other relief or rescue worker or
                        volunteer that the President, acting through
                        the Secretary of Health and Human Services,
                        determines to be appropriate;
                    (B) a worker who responds to a disaster, either
                natural or manmade, involving any mode of
                transportation in the United States or disrupting the
                transportation system of the United States, by
                assisting in the cleanup or restoration of critical
                infrastructure in and around a disaster area;
                    (C) a person whose place of residence is in a
                disaster area, caused by either a natural or manmade
                disaster involving any mode of transportation in the
                United States or disrupting the transportation system
                of the United States;
                    (D) a person who is employed in or attends school,
                child care, or adult day care in a building located in
                a disaster area, caused by either a natural or manmade
                disaster involving any mode of transportation in the
                United States or disrupting the transportation system
                of the United States, of the United States; and
                    (E) any other person that the President, acting
                through the Secretary of Health and Human Services,
                determines to be appropriate.
            (5) Participating responder.--The term ``participating
        responder'' means an individual described in paragraph (4)(A).
            (6) Program.--The term ``program'' means a program
        described in subsection (b) that is carried out for a disaster
        area.
            (7) Substance of concern.--The term ``substance of
        concern'' means a chemical or other substance that is
        associated with potential acute or chronic human health
        effects, the risk of exposure to which could potentially be
        increased as the result of a disaster, as determined by the
        President, acting through the Secretary of Health and Human
        Services, and in coordination with the Agency for Toxic
        Substances and Disease Registry, the Environmental Protection
        Agency, the Centers for Disease Control and Prevention, the
        National Institutes of Health, the Federal Emergency Management
        Agency, the Occupational Health and Safety Administration, and
        other agencies.
    (b) Program.--
            (1) In general.--If the President, acting through the
        Secretary of Health and Human Services, determines that 1 or
        more substances of concern are being, or have been, released in
        an area declared to be a disaster area and disrupts the
        transportation system of the United States, the President,
        acting through the Secretary of Health and Human Services, may
        carry out a program for the coordination, protection,
        assessment, monitoring, and study of the health and safety of
        individuals with high exposure levels to ensure that--
                    (A) the individuals are adequately informed about
                and protected against potential health impacts of any
                substance of concern in a timely manner;
                    (B) the individuals are monitored and studied over
                time, including through baseline and followup clinical
                health examinations, for--
                            (i) any short- and long-term health impacts
                        of any substance of concern; and
                            (ii) any mental health impacts;
                    (C) the individuals receive health care referrals
                as needed and appropriate; and
                    (D) information from any such monitoring and
                studies is used to prevent or protect against similar
                health impacts from future disasters.
            (2) Activities.--A program under paragraph (1) may include
        such activities as--
                    (A) collecting and analyzing environmental exposure
                data;
                    (B) developing and disseminating information and
                educational materials;
                    (C) performing baseline and followup clinical
                health and mental health examinations and taking
                biological samples;
                    (D) establishing and maintaining an exposure
                registry;
                    (E) studying the short- and long-term human health
                impacts of any exposures through epidemiological and
                other health studies; and
                    (F) providing assistance to individuals in
                determining eligibility for health coverage and
                identifying appropriate health services.
            (3) Timing.--To the maximum extent practicable, activities
        under any program carried out under paragraph (1) (including
        baseline health examinations) shall be commenced in a timely
        manner that will ensure the highest level of public health
        protection and effective monitoring.
            (4) Participation in registries and studies.--
                    (A) In general.--Participation in any registry or
                study that is part of a program carried out under
                paragraph (1) shall be voluntary.
                    (B) Protection of privacy.--The President, acting
                through the Secretary of Health and Human Services,
                shall take appropriate measures to protect the privacy
                of any participant in a registry or study described in
                subparagraph (A).
                    (C) Priority.--
                            (i) In general.--Except as provided in
                        clause (ii), the President, acting through the
                        Secretary of Health and Human Services, shall
                        give priority in any registry or study
                        described in subparagraph (A) to the
                        protection, monitoring and study of the health
                        and safety of individuals with the highest
                        level of exposure to a substance of concern.
                            (ii) Modifications.--Notwithstanding clause
                        (i), the President, acting through the
                        Secretary of Health and Human Services, may
                        modify the priority of a registry or study
                        described in subparagraph (A), if the
                        President, acting through the Secretary of
                        Health and Human Services, determines such
                        modification to be appropriate.
            (5) Cooperative agreements.--
                    (A) In general.--The President, acting through the
                Secretary of Health and Human Services, may carry out a
                program under paragraph (1) through a cooperative
                agreement with a medical institution, including a local
                health department, or a consortium of medical
                institutions.
                    (B) Selection criteria.--To the maximum extent
                practicable, the President, acting through the
                Secretary of Health and Human Services, shall select,
                to carry out a program under paragraph (1), a medical
                institution or a consortium of medical institutions
                that--
                            (i) is located near--
                                    (I) the disaster area with respect
                                to which the program is carried out;
                                and
                                    (II) any other area in which there
                                reside groups of individuals that
                                worked or volunteered in response to
                                the disaster; and
                            (ii) has appropriate experience in the
                        areas of environmental or occupational health,
                        toxicology, and safety, including experience
                        in--
                                    (I) developing clinical protocols
                                and conducting clinical health
                                examinations, including mental health
                                assessments;
                                    (II) conducting long-term health
                                monitoring and epidemiological studies;
                                    (III) conducting long-term mental
                                health studies; and
                                    (IV) establishing and maintaining
                                medical surveillance programs and
                                environmental exposure or disease
                                registries.
            (6) Involvement.--
                    (A) In general.--In carrying out a program under
                paragraph (1), the President, acting through the
                Secretary of Health and Human Services, shall involve
                interested and affected parties, as appropriate,
                including representatives of--
                            (i) Federal, State, and local government
                        agencies;
                            (ii) groups of individuals that worked or
                        volunteered in response to the disaster in the
                        disaster area;
                            (iii) local residents, businesses, and
                        schools (including parents and teachers);
                            (iv) health care providers;
                            (v) faith based organizations; and
                            (vi) other organizations and persons.
                    (B) Committees.--Involvement under subparagraph (A)
                may be provided through the establishment of an
                advisory or oversight committee or board.
            (7) Privacy.--The President, acting through the Secretary
        of Health and Human Services, shall carry out each program
        under paragraph (1) in accordance with regulations relating to
        privacy promulgated under section 264(c) of the Health
        Insurance Portability and Accountability Act of 1996 (42 U.S.C.
        1320d-2 note; Public Law 104-191).
            (8) Existing programs.--In carrying out a program under
        paragraph (1), the President, acting through the Secretary of
        Health and Human Services, may--
                    (A) include the baseline clinical health
                examination of a participating responder under a
                certified monitoring programs; and
                    (B) substitute the baseline clinical health
                examination of a participating responder under a
                certified monitoring program for a baseline clinical
                health examination under paragraph (1).
    (c) Reports.--Not later than 1 year after the establishment of a
program under subsection (b)(1), and every 5 years thereafter, the
President, acting through the Secretary of Health and Human Services,
or the medical institution or consortium of such institutions having
entered into a cooperative agreement under subsection (b)(5), may
submit a report to the Secretary of Homeland Security, the Secretary of
Labor, the Administrator of the Environmental Protection Agency, and
appropriate committees of Congress describing the programs and studies
carried out under the program.
    (d) National Academy of Sciences Report on Disaster Area Health and
Environmental Protection and Monitoring.--
            (1) In general.--The Secretary of Health and Human
        Services, the Secretary of Homeland Security, and the
        Administrator of the Environmental Protection Agency shall
        jointly enter into a contract with the National Academy of
        Sciences to conduct a study and prepare a report on disaster
        area health and environmental protection and monitoring.
            (2) Participation of experts.--The report under paragraph
        (1) shall be prepared with the participation of individuals who
        have expertise in--
                    (A) environmental health, safety, and medicine;
                    (B) occupational health, safety, and medicine;
                    (C) clinical medicine, including pediatrics;
                    (D) environmental toxicology;
                    (E) epidemiology;
                    (F) mental health;
                    (G) medical monitoring and surveillance;
                    (H) environmental monitoring and surveillance;
                    (I) environmental and industrial hygiene;
                    (J) emergency planning and preparedness;
                    (K) public outreach and education;
                    (L) State and local health departments;
                    (M) State and local environmental protection
                departments;
                    (N) functions of workers that respond to disasters,
                including first responders;
                    (O) public health; and
                    (P) family services, such as counseling and other
                disaster-related services provided to families.
            (3) Contents.--The report under paragraph (1) shall provide
        advice and recommendations regarding protecting and monitoring
        the health and safety of individuals potentially exposed to any
        chemical or other substance associated with potential acute or
        chronic human health effects as the result of a disaster,
        including advice and recommendations regarding--
                    (A) the establishment of protocols for monitoring
                and responding to chemical or substance releases in a
                disaster area to protect public health and safety,
                including--
                            (i) chemicals or other substances for which
                        samples should be collected in the event of a
                        disaster, including a terrorist attack;
                            (ii) chemical- or substance-specific
                        methods of sample collection, including
                        sampling methodologies and locations;
                            (iii) chemical- or substance-specific
                        methods of sample analysis;
                            (iv) health-based threshold levels to be
                        used and response actions to be taken in the
                        event that thresholds are exceeded for
                        individual chemicals or other substances;
                            (v) procedures for providing monitoring
                        results to--
                                    (I) appropriate Federal, State, and
                                local government agencies;
                                    (II) appropriate response
                                personnel; and
                                    (III) the public;
                            (vi) responsibilities of Federal, State,
                        and local agencies for--
                                    (I) collecting and analyzing
                                samples;
                                    (II) reporting results; and
                                    (III) taking appropriate response
                                actions; and
                            (vii) capabilities and capacity within the
                        Federal Government to conduct appropriate
                        environmental monitoring and response in the
                        event of a disaster, including a terrorist
                        attack; and
                    (B) other issues specified by the Secretary of
                Health and Human Services, the Secretary of Homeland
                Security, and the Administrator of the Environmental
                Protection Agency.
            (4) Authorization of appropriations.--There are authorized
        to be appropriated such sums as are necessary to carry out this
        subsection.

Output:
Authorizes the President (acting through the Secretary of Health and Human Substances), upon determining that a substance of concern has been released in an area declared to be a disaster area and has disrupted the transportation system of the United States, to carry out a program for the coordination, protection, assessment, monitoring and study of the health and safety of responding or affected individuals with high exposure levels. Requires that such a program: (1) apply to workers or volunteers, clean up workers, residents of the area, and persons who are employed in or who attend school in the area; (2) ensure that such individuals are informed about and protected against potential health impacts of any such substance in a timely manner, are monitored and studied for any health impacts, and receive health care referrals; and (3) ensure that information from any such monitoring and studies is used to prevent or protect against similar health impacts.

Requires the President to take appropriate measures to protect the privacy of any participant in a registry or study. Gives priority in any registry or study to the protection, monitoring, and study of the heath and safety of individuals with the highest level of exposure to a substance of concern.

 Allows the President to carry out such a program through a cooperative agreement with a medical institution.

Requires the Secretary, the Secretary of Homeland Security, and the Administrator of the Environmental Protection Agency (EPA) to jointly enter into a contract with the National Academy of Sciences to study disaster area health and environmental protection and monitoring.


Input:
SECTION 1. ENERGY SECURITY FUND AND ALTERNATIVE FUEL GRANT PROGRAM.

    (a) Establishment of Fund.--
            (1) In general.--There is established in the Treasury a
        fund, to be known as the ``Energy Security Fund'' (referred to
        in this section as the ``Fund''), consisting of--
                    (A) amounts transferred to the Fund under paragraph
                (2); and
                    (B) amounts credited to the Fund under paragraph
                (3)(C).
            (2) Transfers to fund.--For fiscal year 2008 and each
        fiscal year thereafter, the Secretary of the Treasury, subject
        to the availability of appropriations, shall transfer to the
        Fund an amount determined by the Secretary of the Treasury to
        be equal to 50 percent of the total amount deposited in the
        general fund of the Treasury during the preceding fiscal year
        from fines, penalties, and other funds obtained through
        enforcement actions conducted pursuant to section 32912 of
        title 49, United States Code (including funds obtained under
        consent decrees).
            (3) Investment of amounts.--
                    (A) In general.--The Secretary of the Treasury
                shall invest in interest-bearing obligations of the
                United States such portion of the Fund as is not, in
                the judgment of the Secretary of the Treasury, required
                to meet current withdrawals.
                    (B) Sale of obligations.--Any obligation acquired
                by the Fund may be sold by the Secretary of the
                Treasury at the market price.
                    (C) Credits to fund.--The interest on, and the
                proceeds from the sale or redemption of, any
                obligations held in the Fund shall be credited to, and
                form a part of, the Fund in accordance with section
                9602 of the Internal Revenue Code of 1986.
            (4) Use of amounts in fund.--Amounts in the Fund shall be
        made available to the Secretary of Energy, subject to the
        availability of appropriations, to carry out the grant program
        under subsection (b).
    (b) Alternative Fuels Grant Program.--
            (1) In general.--Not later than 90 days after the date of
        enactment of this Act, the Secretary of Energy, acting through
        the Clean Cities Program of the Department of Energy, shall
        establish and carry out a program under which the Secretary
        shall provide grants to expand the availability to consumers of
        alternative fuels (as defined in section 32901(a) of title 49,
        United States Code).
            (2) Eligibility.--
                    (A) In general.--Except as provided in subparagraph
                (B), any entity that is eligible to receive assistance
                under the Clean Cities Program shall be eligible to
                receive a grant under this subsection.
                    (B) Exceptions.--
                            (i) Certain oil companies.--A large,
                        vertically-integrated oil company shall not be
                        eligible to receive a grant under this
                        subsection.
                            (ii) Prohibition of dual benefits.--An
                        entity that receives any other Federal funds
                        for the construction or expansion of
                        alternative refueling infrastructure shall not
                        be eligible to receive a grant under this
                        subsection for the construction or expansion of
                        the same alternative refueling infrastructure.
                    (C) Ensuring compliance.--Not later than 30 days
                after the date of enactment of this Act, the Secretary
                of Energy shall promulgate regulations to ensure that,
                before receiving a grant under this subsection, an
                eligible entity meets applicable standards relating to
                the installation, construction, and expansion of
                infrastructure necessary to increase the availability
                to consumers of alternative fuels (as defined in
                section 32901(a) of title 49, United States Code).
            (3) Maximum amount.--
                    (A) Grants.--The amount of a grant provided under
                this subsection shall not exceed $30,000.
                    (B) Amount per station.--An eligible entity shall
                receive not more than $90,000 under this subsection for
                any station of the eligible entity during a fiscal
                year.
            (4) Use of funds.--
                    (A) In general.--A grant provided under this
                subsection shall be used for the construction or
                expansion of alternative fueling infrastructure.
                    (B) Administrative expenses.--Not more than 3
                percent of the amount of a grant provided under this
                subsection shall be used for administrative expenses.

Output:
Establishes the Energy Security Fund, to be funded by proceeds deposited in the general fund of the Treasury from fines, penalties, and other funds obtained through enforcement actions for violations of automobile fuel economy standards.

Directs the Secretary of Energy, acting through the Clean Cities Program of the Department of Energy, to establish a program of grants to expand the availability of alternative fuels to consumers. Makes amounts in the Fund available to the Secretary for such grants.

Declares eligible for assistance any entity that is eligible for assistance under the Clean Cities Program.

Bars from such assistance: (1) large, vertically-integrated oil companies; and (2) any entity that receives other federal funds for the construction or expansion of the same alternative refueling infrastructure.

Sets forth a maximum ceiling for grants and for stations.

Limits the use of such funds to construction or expansion of alternative fueling infrastructure.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Library of Congress Bicentennial
Commemorative Coin Act of 1996''.

SEC. 2. COIN SPECIFICATIONS.

    (a) Denominations.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue the
following coins:
            (1) $1 silver coins.--Not more than 500,000 $1 coins, each
        of which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent
                copper.
            (2) Half dollar clad coins.--Not more than 500,000 half
        dollar coins, each of which shall--
                    (A) weigh 11.34 grams;
                    (B) have a diameter of 1.205 inches; and
                    (C) be minted to the specifications for half dollar
                coins contained in section 5112(b) of title 31, United
                States Code.
    (b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of section 5134 of title 31,
United States Code, all coins minted under this Act shall be considered
to be numismatic items.

SEC. 3. SOURCES OF BULLION.

    The Secretary shall obtain silver for minting coins under this Act
only from stockpiles established under the Strategic and Critical
Materials Stock Piling Act.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this
        Act shall be emblematic of the Library of Congress.
            (2) Designation and inscriptions.--On each coin minted
        under this Act there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the year ``2000''; and
                    (C) inscriptions of the words ``Liberty'', ``In God
                We Trust'', ``United States of America'', and ``E
                Pluribus Unum''.
    (b) Selection.--The design for the coins minted under this Act
shall be--
            (1) selected by the Secretary after consultation with the
        Library of Congress and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin Advisory
        Committee.

SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
    (b) Mint Facility.--Only 1 facility of the United States Mint may
be used to strike any particular combination of denomination and
quality of the coins minted under this Act.
    (c) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the period beginning on January 1, 2000, and
ending on December 31, 2000.
    (d) Promotion Consultation.--The Secretary shall--
            (1) consult with the Library of Congress in order to
        establish a role for the Library of Congress in the promotion,
        advertising, and marketing of the coins minted under this Act;
        and
            (2) if the Secretary determines that such action would be
        beneficial to the sale of coins minted under this Act, enter
        into a contract with the Library of Congress to carry out the
        role established under paragraph (1).

SEC. 6. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by
the Secretary at a price equal to the sum of--
            (1) the face value of the coins;
            (2) the surcharge provided in subsection (d) with respect
        to such coins; and
            (3) the cost of designing and issuing the coins (including
        labor, materials, dies, use of machinery, overhead expenses,
        marketing, and shipping).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders
        for the coins minted under this Act before the issuance of such
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders
        under paragraph (1) shall be at a reasonable discount.
    (d) Surcharges.--All sales shall include a surcharge established by
the Secretary, in an amount equal to not more than--
            (1) $15 per coin for the $1 coin; and
            (2) $8 per coin for the half dollar coin.

SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision
of law governing procurement or public contracts shall be applicable to
the procurement of goods and services necessary for carrying out the
provisions of this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this Act
from complying with any law relating to equal employment opportunity.

SEC. 8. DISTRIBUTION OF SURCHARGES.

    (a) In General.--All surcharges received by the Secretary from the
sale of coins issued under this Act shall be promptly paid by the
Secretary to the Library of Congress Trust Fund Board, to be used for
the purpose of supporting bicentennial programs, educational outreach
activities (including schools and libraries), and other activities of
the Library of Congress.
    (b) Audits.--The Comptroller General of the United States shall
have the right to examine such books, records, documents, and other
data of the Library of Congress Trust Fund Board as may be related to
the expenditures of amounts paid under subsection (a).

SEC. 9. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such
actions as may be necessary to ensure that minting and issuing coins
under this Act will not result in any net cost to the United States
Government.
    (b) Payment for Coins.--A coin shall not be issued under this Act
unless the Secretary has received--
            (1) full payment for the coin;
            (2) security satisfactory to the Secretary to indemnify the
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the
        Secretary from a depository institution whose deposits are
        insured by the Federal Deposit Insurance Corporation or the
        National Credit Union Administration Board.

Output:
Library of Congress Bicentennial Commemorative Coin Act of 1996 - Directs the Secretary of the Treasury to mint and issue one-dollar silver coins and half-dollar clad coins emblematic of the Library of Congress.
Requires payment of coin sale surcharges to the Library of Congress Trust Fund Board to support Library activities.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Equal Access Improvement Act''.

SEC. 2. EQUAL ACCESS TO EXPENSE REIMBURSEMENT.

    (a) In General.--Section 802 of The Equal Access Act (20 U.S.C.
4071) is amended--
            (1) by redesignating subsections (d) through (f) as
        subsections (g) through (i), respectively; and
            (2) by inserting after subsection (c), the following:
    ``(d)(1) Subject to subsection (i), it shall be unlawful for any
public intermediate school or secondary school that--
            ``(A) receives Federal financial assistance;
            ``(B) maintains a limited open forum as described in
        subsection (b); and
            ``(C) provides for the reimbursement of the expenses of one
        or more noncurriculum-related student groups or students
        pursuing noncurriculum-related activities;
to deny equal treatment, to any student group or student, respectively,
seeking reimbursement for similar expenses, on the basis of the
religious, political, philosophical, or other content of the speech or
activity engaged in by such student group or student, respectively.
    ``(2) Nothing in this subsection shall be construed to prevent a
public intermediate school or secondary school from granting or denying
a reimbursement request pursuant to a neutral policy administered
without regard to the religious, political, philosophical, or other
content of the speech or activity engaged in by the student group or
student seeking the reimbursement.''.
    (b) Construction.--Subsection (g) of section 802 of The Equal
Access Act (20 U.S.C. 4071), as amended in subsection (a), is further
amended--
            (1) in paragraph (3), by inserting after ``beyond'' the
        following: ``the reimbursement of expenses on a
        nondiscriminatory basis as provided for in subsection (d), and
        payment of'';
            (2) in paragraph (4), by inserting ``or activity'' after
        ``meeting'' each place it appears; and
            (3) in paragraph (5), by inserting ``or activities'' after
        ``meetings''.

SEC. 3. EQUAL ACCESS FOR DISTRIBUTION OF MATERIALS.

    Section 802 of The Equal Access Act (20 U.S.C. 4071) is amended by
inserting after subsection (d), as added by section 2, the following:
    ``(e)(1) Subject to subsection (i), it shall be unlawful for any
public intermediate school or secondary school that--
            ``(A) receives Federal financial assistance;
            ``(B) maintains a limited open forum as described in
        subsection (b); and
            ``(C) permits one or more noncurriculum-related student
        groups or students pursuing noncurriculum-related activities to
        distribute newsletters or other written materials;
to deny equal treatment, to any student group or student, respectively,
seeking a similar opportunity to distribute newsletters or other
written materials, on the basis of the religious, political,
philosophical, or other content of the speech or activity engaged in by
such student group or student, respectively.
    ``(2) Nothing in this subsection shall be construed to prevent a
public intermediate school or secondary school from granting or denying
a request to distribute newsletters or other written materials pursuant
to a neutral policy that--
            ``(A) is administered without regard to the religious,
        political, philosophical, or other content of the speech or
        activity engaged in by the student group or student making the
        request; and
            ``(B) imposes reasonable time, place, and manner
        restrictions on the distribution of newsletters or other
        written materials consistent with the first and 14th amendments
        to the Constitution.''.

SEC. 4. EQUAL ACCESS FOR COMMUNITY GROUPS.

    (a) In General.--Section 802 of The Equal Access Act (20 U.S.C.
4071) is amended by inserting after subsection (e), as added by section
3, the following:
    ``(f)(1) Subject to subsection (i), it shall be unlawful for any
public elementary school, intermediate school, or secondary school
that--
            ``(A) receives Federal financial assistance; and
            ``(B) has a limited community forum with respect to
        noncurriculum-related community groups or individuals from the
        community pursuing noncurriculum-related activities as
        described in paragraph (2);
to deny equal access to, or discriminate against, any community group
or any individual from the community, respectively, who desires to
conduct a meeting, or otherwise use school facilities, within that
limited community forum, on the basis of the religious, political,
philosophical, or other content of the speech or activity engaged in by
such community group or individual, respectively.
    ``(2) In this subsection, a public elementary school, intermediate
school, or secondary school has a limited community forum if such
school grants an offering to or opportunity for one or more
noncurriculum-related community groups or individuals from the
community pursuing noncurriculum-related activities to meet on school
premises or otherwise use school facilities during noninstructional
time.
    ``(3) Nothing in this subsection shall be construed to prevent a
public elementary school, intermediate school, or secondary school from
granting or denying a request by a community group or individual from a
community to meet on school premises or otherwise use school facilities
pursuant to a neutral policy administered without regard to the
religious, political, philosophical, or other content of the speech or
activities engaged in by the community group or individual.
    ``(4) In this subsection, the term `elementary school' means a
school that provides elementary education, as defined by State law.''.
    (b) Construction.--Subsection (g) of section 802 of The Equal
Access Act (20 U.S.C. 4071), as amended in section 2, is further
amended--
            (1) in paragraph (3), by inserting ``or meetings initiated
        by a community group or individual from a community'' after
        ``student-initiated meetings''; and
            (2) in paragraph (6), by inserting ``or community groups''
        after ``groups of students''.

SEC. 5. EXTENSION OF EQUAL ACCESS GUARANTEES TO PUBLIC INTERMEDIATE
              SCHOOLS.

    (a) In General.--Section 802 of The Equal Access Act (20 U.S.C.
4071) is amended by striking subsections (a) through (c) and inserting
the following:
    ``(a) Subject to subsection (i), it shall be unlawful for any
public intermediate school or secondary school that receives Federal
financial assistance and that has a limited open forum with respect to
noncurriculum-related student groups or students pursuing
noncurriculum-related activities to deny equal access or a fair
opportunity to, or discriminate against, any student group or student,
respectively, who wishes to conduct a meeting, or otherwise use school
facilities, within that limited open forum, on the basis of the
religious, political, philosophical, or other content of the speech or
activity at such meetings.
    ``(b) In this subsection, a public intermediate school or secondary
school has a limited open forum if such school grants an offering to or
opportunity for one or more noncurriculum-related student groups or
students pursuing noncurriculum-related activities to meet on school
premises or otherwise use school facilities during noninstructional
time.
    ``(c) Schools shall be deemed to offer a fair opportunity to
student groups and students who wish to conduct a meeting, or otherwise
use school facilities, within its limited open forum if such school
uniformly provides that--
            ``(1) the meeting or use of facilities is voluntary and
        student-initiated;
            ``(2) there is no sponsorship of the meeting or use of
        facilities by the school, the government, or its agents or
        employees;
            ``(3) employees or agents of the school or government are
        present at religious meetings or activities involving the use
        of facilities only in a nonparticipatory capacity;
            ``(4) the meeting or use of facilities does not materially
        and substantially interfere with the orderly conduct of
        educational activities within the school; and
            ``(5) nonschool persons may not direct, conduct, control,
        or regularly attend activities of student groups or
        students.''.
    (b) Definitions.--Section 803 of the The Equal Access Act (20
U.S.C. 4072) is amended by adding at the end the following:
            ``(5) The term `intermediate school' means a public school
        that provides education to students in grade 6 or higher and
        that does not provide education to students in grade 5 or
        lower.''.

Output:
Equal Access Improvement Act - Amends the Equal Access Act to require public schools which receive Federal assistance to grant equal access to students, student groups, and community groups, regardless of the religious, political, philosophical, or other content of speech or activity they engage in.
Requires such equal access for public intermediate and secondary noncurriculum-related school groups, or students pursuing noncurriculum-related activities, to:  (1) expense reimbursement; and (2) opportunity to distribute materials.
Requires such equal access for community groups to meeting space or other use of facilities at public elementary, intermediate, and secondary schools with a limited community forum.
Extends current equal access guarantees for public secondary noncurriculum-related school groups and students pursuing noncurriculum-related activities during non-instructional time, to such groups and students in public intermediate schools, with respect to access to meeting space or other use of school facilities in such a limited open forum.


Input:
SECTION 1. SHORT TITLE.

     This Act may be cited as the ``New Automobile Add-On Disclosure
and Consumer Protection Act''.

SEC. 2. DISCLOSURES FOR PURCHASERS OF NEW AUTOMOBILES.

     In accordance with regulations prescribed by the Federal Trade
Commission under section 5, a dealer shall provide, to each consumer
that purchases a new automobile from the dealer the following (with
respect to each automobile):
            (1) Dealer add-on invoice.--With respect to the particular
        new automobile purchased by a consumer from the new car dealer,
        an invoice (separate from any other document) that contains the
        following:
                    (A) A description of any add-on included with (or
                included in the total price of) the new automobile.
                    (B) The consumer's request, consent, or agreement
                for provision by the dealer of any add-ons itemized
                under subparagraph (A).
                    (C) With respect to any add-ons itemized under
                subparagraph (A), the following itemized:
                            (i) The cost to the dealer of each add-on
                        and the total cost to the dealer for all add-
                        ons.
                            (ii) The cost to the consumer of each add-
                        on and the total cost to the consumer for all
                        add-ons, excluding any applicable taxes.
                            (iii) Any applicable taxes imposed on the
                        consumer for each add-on and the total amount
                        of such taxes for all add-ons.
            (2) Dealer add-on warranty statement.--With respect to the
        particular new automobile purchased by a consumer from the new
        car dealer, a warranty statement (separate from any other
        document) that contains the following:
                    (A) A description of any written warranty or
                service contract provided by a warrantor, the dealer,
                or a third party with respect to any add-on itemized
                under paragraph (1)(A).
                    (B) A description of any effect on a written
                warranty or service contract described under
                subparagraph (A) that results from the installation,
                modification, or provision of an add-on, including by a
                third party.
                    (C) A description of any effect an add-on itemized
                under paragraph (1)(A) has on a written warranty of the
                new automobile as originally manufactured, including--
                            (i) the extent of such effect; and
                            (ii) the extent to which (and manner in
                        which) the dealer will cover any disparity
                        between any written warranty for the automobile
                        as originally manufactured and the written
                        warranty for the automobile as affected by any
                        add-ons.
                    (D) Information (including separate documentation,
                if applicable) sufficient for the consumer to utilize
                or otherwise take advantage of any warranty described
                under subparagraphs (A) through (C).
                    (E) A statement of the extent to which (and manner
                in which) the dealer will cover any disparity between
                any warranty for an add-on, or for the automobile as
                originally manufactured, and any such warranty actually
                provided to the customer.
            (3) Timing of disclosure.--The invoice required by
        paragraph (1) and warranty statement required by paragraph (2)
        shall be provided to the consumer--
                    (A) for any add-ons included with the automobile up
                to the time in which the sale of the automobile is
                finalized, at the time in which the sale is finalized;
                and
                    (B) for any add-ons included with the automobile
                after the time the sale is finalized and up to the time
                in which the automobile is delivered to the consumer,
                at the time in which the automobile is delivered to the
                consumer.

SEC. 3. ENFORCEMENT.

    (a) Civil Penalty.--A dealer that violates section 2 shall be
liable to the United States for a civil penalty of not more than
$10,000 or the total cost of the new automobile involved (including
add-ons, taxes, and any other fees charged to the customer by the
dealer), whichever is greater. The Federal Trade Commission may enforce
a civil penalty under this subsection in a civil action in an
appropriate district court of the United States.
    (b) Private Right of Action.--A consumer aggrieved by a violation
of this Act may bring in an appropriate district court of the United
States or, if otherwise permitted by the laws or rules of court of a
State, in an appropriate court of that State--
            (1) a civil action to enjoin a violation of this Act;
            (2) a civil action to recover--
                    (A) the greater of actual monetary loss or $10,000
                in damages for each such violation;
                    (B) up to three times the amount described in
                subparagraph (A), to be determined in the discretion of
                the court, if the court finds that the defendant
                willfully or knowingly committed such violation; and
                    (C) a reasonable attorney fee and the costs of the
                action; or
            (3) both such actions.
    (c) Limitation.--Nothing in this Act shall prohibit the enforcement
of any State laws or regulations relating to the sale of automobiles,
or requiring the disclosure of information regarding automobiles to the
consumer.

SEC. 4. DEFINITIONS.

     In this Act:
            (1) The term ``add-on'' means, with respect to a new
        automobile purchased from a dealer by a consumer--
                    (A) any motor vehicle equipment (as such term is
                used in section 30102(a) of title 49, United States
                Code) that is--
                            (i) not a system, part, or component of the
                        new automobile as originally manufactured; and
                            (ii) not itemized on the label required
                        under section 3 of the Automobile Information
                        Disclosure Act (15 U.S.C. 1232);
                    (B) any modification of the new automobile, or of
                any motor vehicle equipment provided as a system, part,
                or component of the new automobile as originally
                manufactured, that is performed by, or on behalf of,
                the dealer;
                    (C) any written warranty or service contract
                provided by a warrantor, the dealer, or a third party
                (other than the manufacturer); or
                    (D) any service provided by, or on behalf of, the
                dealer to the consumer that is--
                            (i) related to any equipment described in
                        subparagraph (A) (including installation) or to
                        a modification described in subparagraph (B);
                            (ii) not included in the cost of such
                        equipment or modification; and
                            (iii) not a financial service.
            (2) The term ``consumer'' has the meaning given the term
        ``ultimate purchaser'' in section 2 of the Automobile
        Information Disclosure Act (15 U.S.C. 1231).
            (3) The term ``dealer'' has the meaning given that term in
        section 30102(a) of title 49, United States Code.
            (4) The terms ``manufacturer'' and ``new automobile'' have
        the meanings given those terms in section 2 of the Automobile
        Information Disclosure Act (15 U.S.C. 1231).
            (5) The terms ``service contract'', ``warranty'', and
        ``warrantor'' have the meanings give those terms in section 101
        of the Magnuson-Moss Warranty--Federal Trade Commission
        Improvement Act (15 U.S.C. 2301), except that any reference to
        a consumer product shall be deemed to be a reference to a new
        automobile or an add-on.

SEC. 5. RULEMAKING.

    Within 180 days following the enactment of this Act, the Federal
Trade Commission shall prescribe regulations to carry out this Act,
including guidelines setting forth a uniform method by which a dealer
may provide the disclosures required by section 2.

SEC. 6. EFFECTIVE DATE.

     This Act shall take effect 30 days following the issuance of a
final rule by the Federal Trade Commission pursuant to section 5.

Output:
New Automobile Add-On Disclosure and Consumer Protection Act - Requires each dealer to disclose to each consumer that purchases a new automobile: (1) a dealer add-on invoice; and (2) a dealer add-on warranty statement.

Specifies the timing of such disclosures.

States that dealer violation of this Act results in liability to the United States for a civil penalty of not more than $10,000 or the total cost of the new automobile involved (including add-ons, taxes, and any other fees charged to the customer by the dealer), whichever is greater.

Permits a private right of action by a consumer aggrieved by a violation of this Act.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Improving Opportunities for Service-
Disabled Veteran-Owned Small Businesses Act of 2015''.

SEC. 2. IMPROVING CONTRACTING OPPORTUNITIES FOR CERTAIN VETERAN-OWNED
              SMALL BUSINESSES.

    (a) Definition of Small Business Concern Consolidated.--Section
3(q) of the Small Business Act (15 U.S.C. 632(q)) is amended--
            (1) by amending paragraph (2) to read as follows:
            ``(2) Small business concern owned and controlled by
        service-disabled veterans.--The term `small business concern
        owned and controlled by service-disabled veterans' means any of
        the following:
                    ``(A) A small business concern--
                            ``(i) not less than 51 percent of which is
                        owned by one or more service-disabled veterans
                        or, in the case of any publicly owned business,
                        not less than 51 percent of the stock (not
                        including any stock owned by an ESOP) of which
                        is owned by one or more service-disabled
                        veterans; and
                            ``(ii) the management and daily business
                        operations of which are controlled by one or
                        more service-disabled veterans or, in the case
                        of a veteran with permanent and severe
                        disability, the spouse or permanent caregiver
                        of such veteran.
                    ``(B) A small business concern--
                            ``(i) not less than 51 percent of which is
                        owned by one or more service-disabled veterans
                        with a disability that is rated by the
                        Secretary of Veterans Affairs as a permanent
                        and total disability who are unable to manage
                        the daily business operations of such concern;
                        or
                            ``(ii) in the case of a publicly owned
                        business, not less than 51 percent of the stock
                        (not including any stock owned by an ESOP) of
                        which is owned by one or more such veterans.
                    ``(C)(i) During the time period described in clause
                (ii), a small business concern that was a small
                business concern described in subparagraph (A) or (B)
                immediately prior to the death of a service-disabled
                veteran who was the owner of the concern, the death of
                whom causes the concern to be less than 51 percent
                owned by one or more service-disabled veterans, if--
                            ``(I) the surviving spouse of the deceased
                        veteran acquires such veteran's ownership
                        interest in such concern;
                            ``(II) such veteran had a service-connected
                        disability (as defined in section 101(16) of
                        title 38, United States Code) rated as 100-
                        percent disabling under the laws administered
                        by the Secretary of Veterans Affairs or such
                        veteran died as a result of a service-connected
                        disability; and
                            ``(III) immediately prior to the death of
                        such veteran, and during the period described
                        in clause (ii), the small business concern is
                        included in the database described in section
                        8127(f) of title 38, United States Code.
                    ``(ii) The time period described in this clause is
                the time period beginning on the date of the veteran's
                death and ending on the earlier of--
                            ``(I) the date on which the surviving
                        spouse remarries;
                            ``(II) the date on which the surviving
                        spouse relinquishes an ownership interest in
                        the small business concern; or
                            ``(III) the date that is 10 years after the
                        date of the death of the veteran.''; and
            (2) by adding at the end the following new paragraphs:
            ``(6) ESOP.--The term `ESOP' has the meaning given the term
        `employee stock ownership plan' in section 4975(e)(7) of the
        Internal Revenue Code of 1986 (26 U.S.C. 4975(e)(7)).
            ``(7) Surviving spouse.--The term `surviving spouse' has
        the meaning given such term in section 101(3) of title 38,
        United States Code.''.
    (b) Veterans Affairs Definition of Small Business Concern
Consolidated.--
            (1) In general.--Section 8127 of title 38, United States
        Code, is amended--
                    (A) by striking subsection (h) and redesignating
                subsections (i) through (l) as subsections (h) through
                (k), respectively; and
                    (B) in subsection (k), as so redesignated--
                            (i) by amending paragraph (2) to read as
                        follows:
            ``(2) The term `small business concern owned and controlled
        by veterans' has the meaning given that term under section
        3(q)(3) of the Small Business Act (15 U.S.C. 632(q)(3)).''; and
                            (ii) by adding at the end the following new
                        paragraph:
            ``(3) The term `small business concern owned and controlled
        by veterans with service-connected disabilities' has the
        meaning given the term `small business concern owned and
        controlled by service-disabled veterans' under section 3(q)(2)
        of the Small Business Act (15 U.S.C. 632(q)(2)).''.
            (2) Conforming amendments.--Such section is further
        amended--
                    (A) in subsection (b), by inserting ``or a small
                business concern owned and controlled by veterans with
                service-connected disabilities'' after ``a small
                business concern owned and controlled by veterans'';
                    (B) in subsection (c), by inserting ``or a small
                business concern owned and controlled by veterans with
                service-connected disabilities'' after ``a small
                business concern owned and controlled by veterans'';
                    (C) in subsection (d) by inserting ``or small
                business concerns owned and controlled by veterans with
                service-connected disabilities'' after ``small business
                concerns owned and controlled by veterans'' both places
                it appears; and
                    (D) in subsection (f)(1), by inserting ``, small
                business concerns owned and controlled by veterans with
                service-connected disabilities,'' after ``small
                business concerns owned and controlled by veterans''.
    (c) Technical Correction.--Section 8(d)(3) of the Small Business
Act (15 U.S.C. 637(d)(3)), is amended by adding at the end the
following new subparagraph:
            ``(H) In this contract, the term `small business concern
        owned and controlled by service-disabled veterans' has the
        meaning given that term in section 3(q).''.

SEC. 3. REGULATIONS RELATING TO DATABASE OF THE SECRETARY OF VETERANS
              AFFAIRS.

    (a) Requirement To Use Certain Small Business Administration
Regulations.--Section 8127(f)(4) of title 38, United States Code, is
amended by striking ``verified'' and inserting ``verified, using
regulations issued by the Administrator of the Small Business
Administration with respect to the status of the concern as a small
business concern and the ownership and control of such concern,''.
    (b) Prohibition on Secretary of Veterans Affairs Issuing Certain
Regulations.--Section 8127(f) of title 38, United States Code, is
amended by adding at the end the following new paragraph:
    ``(7) The Secretary may not issue regulations related to the status
of a concern as a small business concern and the ownership and control
of such small business concern.''.
    (c) Delayed Effective Date.--The amendments made by this section
and section 2 shall take effect on the date on which the Administrator
of the Small Business Administration and the Secretary of Veterans
Affairs jointly issue regulations implementing such sections. Such date
shall be not later than 18 months after the date of enactment of this
Act.

SEC. 4. APPEALS OF INCLUSION IN DATABASE.

    (a) In General.--Section 8127(f) of title 38, United States Code,
as amended by section 3, is further amended by adding at the end the
following new paragraph:
    ``(8)(A) If the Secretary does not verify a concern for inclusion
in the database under this subsection based on the status of the
concern as a small business concern or the ownership or control of the
concern, the concern may appeal the denial of verification to the
Office of Hearings and Appeals of the Small Business Administration (as
established under part 134 of title 13, Code of Federal Regulations, or
any successor administrative appellate entity created with the Small
Business Administration). The decision of the Office of Hearings and
Appeals shall be considered a final agency action.
    ``(B)(i) If an interested party challenges the inclusion in the
database of a small business concern owned and controlled by veterans
or a small business concern owned and controlled by veterans with
service-connected disabilities based on the status of the concern as a
small business concern or the ownership or control of the concern, the
challenge shall be heard by the Office of Hearings and Appeals of the
Small Business Administration as described in subparagraph (A). The
decision of the Office of Hearings and Appeals shall be considered
final agency action.
    ``(ii) In this subparagraph, the term `interested party' means--
            ``(I) the Secretary; and
            ``(II) in the case of a small business concern that is
        awarded a contract, the contracting officer of the Department
        or another small business concern that submitted an offer for
        the contract that was awarded to the small business concern
        that submitted an offer under clause (i).
    ``(C) For each fiscal year, the Secretary shall reimburse the
Administrator of the Small Business Administration in an amount
necessary to cover any cost incurred by the Office of Hearings and
Appeals of the Small Business Administration for actions taken by the
Office under this paragraph. The amount of any such reimbursement shall
be determined jointly by the Secretary and the Administrator and shall
be provided from fees collected by the Secretary under multiple-award
schedule contracts. Any disagreement about the amount shall be resolved
by the Director of the Office of Management and Budget.''.
    (b) Effective Date.--Paragraph (8) of subsection (f) of title 38,
United States Code, as added by subsection (a), shall apply with
respect to a verification decision made by the Secretary of Veterans
Affairs on or after the date of the enactment of this Act.

Output: Improving Opportunities for Service-Disabled Veteran-Owned Small Businesses Act of 2015  This bill amends the Small Business Act to expand the definition of "small business concern owned and controlled by service-disabled veterans" for purposes of federal agencies awarding small business contracts pursuant to Small Business Administration (SBA) programs to include:   a small business concern not less than 51% of which is owned by one or more veterans with service-connected disabilities that are permanent and total who are unable to manage the daily business operations of such concern; or  in the case of a publicly owned business, a small business concern not less than 51% of the stock of which is owned by one or more such veterans. (Currently, such veterans with permanent and total disabilities are provided for in a separate small business program under veterans' benefits laws carried out by the Department of Veterans Affairs [VA].)    The VA definition of "small business concern owned and controlled by veterans" is revised to be the same as the SBA definition of such term, thereby making the eligibility requirements for participation in veteran-owned small business contracting programs consistent for both SBA programs and VA programs.   The VA, when listing small businesses in the database of small business concerns owned and controlled by veterans and the veteran owners of such business concerns, must use SBA regulations with respect to a concern's small business status and the ownership and control of it.   If the VA does not verify a concern for inclusion in its database based on its status as a small business or its ownership or control, the concern may appeal the denial to the SBA Office of Hearings and Appeals, whose decision shall be considered a final agency action.   The VA shall reimburse the SBA for fiscal year costs incurred by the Office of Hearings and Appeals for actions taken pursuant to this Act.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Minority Equity Capital Formation
Act of 1993''.

SEC. 2. FINDINGS AND PURPOSES.

    (a) Findings.--The Congress finds that--
            (1) there is a severe shortage of capital available and
        targeted for investment in the United States minority business
        marketplace and that such shortage constitutes a ``capital
        gap'';
            (2) the capital gap is a significant barrier to increased
        minority entrepreneurship, employment, and economic
        development;
            (3) the development of targeted venture capital resources
        is an important and needed stimulus for economic development,
        employment growth, and wealth creation;
            (4) existing Federal incentives are inadequate to address
        the capital gap;
            (5) the existing system of federally regulated specialized
        small business investment companies (and similar public and
        private entities who support and invest in the minority small
        business marketplace) should be fully utilized to aggregate and
        efficiently deploy new capital investments; and
            (6) it is essential, and should be a high priority of the
        United States Government, to pursue a broad array of Federal
        tax and other domestic policies that will serve as a catalyst
        for the creation of capital pools for investment in the
        minority enterprise marketplace.
    (b) Purposes.--The purposes of this Act are to--
            (1) authorize a Federal tax credit for investment in
        qualified minority fund interests;
            (2) increase the availability of venture capital for
        minority small business;
            (3) strengthen existing public and private minority venture
        capital financial institutions (as well as to encourage the
        formation of such new institutions); and
            (4) through these actions, support minority enterprise and
        economic development, increase minority entrepreneurship and
        employment, and to enhance the opportunities for minority
        persons to participate fully in the free enterprise system.

SEC. 3. INCENTIVES FOR INVESTMENTS IN MINORITY VENTURE CAPITAL FUNDS.

    (a) General Rule.--Part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to credits against tax) is
amended by adding at the end thereof the following new subpart:

  ``Subpart H--Incentives for Investments in Minority Venture Capital
                                 Funds

                              ``Sec. 54. Credit for investment in
                                        minority venture capital funds.
                              ``Sec. 54A. Recapture provisions.
                              ``Sec. 54B. Definitions and special
                                        rules.

``SEC. 54. CREDIT FOR INVESTMENT IN MINORITY VENTURE CAPITAL FUNDS.

    ``(a) General Rule.--For purposes of section 38, the minority
venture capital fund credit determined under this section is an amount
equal to 20 percent of the aggregate bases of qualified minority fund
interests which are acquired by the taxpayer during the taxable year at
their original issuance (directly or through an underwriter) and which
are held by the taxpayer at the end of the taxable year.
    ``(b) Limitations.--The credit determined under paragraph (1) for
any taxable year shall not exceed the lesser of--
            ``(1) $250,000 ($125,000 in the case of a separate return
        by a married individual), or
            ``(2) $7,000,000, ($3,500,000 in the case of a separate
        return by a married individual), reduced by the amount of the
        credit allowed under paragraph (1) for all preceding taxable
        years.

``SEC. 54A. RECAPTURE PROVISIONS.

    ``(a) Basis Reduction.--
            ``(1) In general.--If a credit is determined under section
        54(a) with respect to any qualified minority fund interest, the
        basis of such qualified minority fund interest shall be reduced
        by the credit so determined.
            ``(2) Certain dispositions.--If during any taxable year
        there is a recapture under subsection (c) with respect to any
        qualified minority fund interest, the basis of such interest
        (immediately before the event resulting in such recapture)
        shall be increased by an amount equal to the recapture amount.
        For purposes of the preceding sentence, the term `recapture
        amount' means any increase in tax under subsection (c) (or
        adjustment in carrybacks or carryovers under subsection (c)) to
        the extent attributable to the amount referred to in subsection
        (c)(1)(A).
    ``(b) Tax Credit Recaptured as Ordinary Income.--
            ``(1) In general.--For purposes of section 1245--
                    ``(A) any property the basis of which is reduced
                under subsection (a) (and any other property the basis
                of which is determined in whole or in part by reference
                to the adjusted basis of such property) shall be
                treated as section 1245 property, and
                    ``(B) any reduction under subsection (a) shall be
                treated as a deduction allowed for depreciation.
        If an exchange of any stock or partnership interest the basis
        of which is reduced under subsection (a) qualifies under
        section 351(a), 354(a), 355(a), or 356(a), the amount of gain
        recognized under section 1245 by reason of this paragraph shall
        not exceed the amount of gain recognized in the exchange
        (determined without regard to this paragraph).
            ``(2) Certain events treated as dispositions.--For purposes
        of this subsection and subsection (c), if a credit was
        determined under section 54 with respect to any stock in a
        corporation or interest in a partnership and such stock or
        partnership interest, as the case may be, ceases to be a
        qualified minority fund interest, the taxpayer shall be treated
        as having disposed of such property (as of the time of such
        cessation) for an amount equal to its fair market value.
    ``(c) Increase in Tax if Disposition Within 5 Years.--
            ``(1) In general.--If a taxpayer disposes of any qualified
        minority fund interest before the close of the fifth taxable
        year after the taxable year in which such interest was acquired
        by the taxpayer, the tax imposed by this chapter for the
        taxable year in which such disposition occurs shall be
        increased by the sum of--
                    ``(A) the recapture percentage of the aggregate
                decrease in the credits allowed under section 38 for
                all prior taxable years which would have resulted
                solely from reducing to zero any credit determined
                under this subpart with respect to such interest, and
                    ``(B) the interest amount determined under
                paragraph (3).
            ``(2) Recapture percentage.--For purposes of paragraph (1),
        the recapture percentage is--
                    ``(A) 100 percent if the disposition occurs during
                the first, second, or third taxable year after the
                taxable year in which the qualified minority fund
                interest was acquired, and
                    ``(B) 50 percent if the disposition occurs in the
                fourth or fifth taxable year after the taxable year in
                which such interest was acquired.
            ``(3) Interest amount.--For purposes of paragraph (1), the
        interest amount determined under this paragraph is interest
        determined at the overpayment rate established under section
        662(a)(2) (without regard to section 6621(c))--
                    ``(A) on the recapture percentage of each decrease
                in credit referred to in paragraph (1)(A) for any prior
                taxable year,
                    ``(B) for the period beginning on the due date for
                such prior taxable year and ending on the due date for
                the taxable year in which the disposition occurs.
        For purposes of the preceding sentence, the term `due date'
        means the due date (determined without regard to extensions)
        for filing the return of the tax imposed by this chapter.
            ``(4) Carrybacks and carryovers adjusted.--In the case of
        any disposition described in paragraph (1), the carrybacks and
        carryovers under section 39 shall be adjusted by reason of such
        disposition.
            ``(5) Coordination with other credits, etc.--Any increase
        in tax under paragraph (1) shall not be treated as a tax
        imposed by this chapter for purposes of determining the amount
        of--
                    ``(A) any credit allowable under subpart A, B, D,
                or G, and
                    ``(B) the minimum tax imposed by section 55.
            ``(6) Special rules.--For purposes of this subsection--
                    ``(A) Mere change in form.--A taxpayer shall not be
                treated as disposing of any qualified minority fund
                interest by reason of a mere change in the form of the
                taxpayer, the entity which issued such interest or any
                qualified minority business.
                    ``(B) Exception for certain transfers.--Paragraph
                (1) shall not apply to any transfer by reason of death
                or in a transaction to which section 381(a) applies.

``SEC. 54B. DEFINITIONS AND SPECIAL RULES.

    ``(a) Qualified Minority Business Defined.--For purposes of this
subpart--
            ``(1) General rule.--The term `qualified minority business'
        means any domestic business if--
                    ``(A) 50 percent or more of the total value of the
                ownership interests in such business are held (directly
                or indirectly) by individuals who are members of a
                minority,
                    ``(B) throughout the 5-year period ending on the
                date as of which the determination is being made (or,
                if shorter, throughout the period such business was in
                existence), such business has been engaged in the
                active conduct of a trade or business or in startup
                activities relating to a trade or business, and
                    ``(C) substantially all of the assets of such
                business are being used in the active conduct of a
                trade or business or in startup activities related to a
                trade or business.
            ``(2) Domestic business.--For purposes of paragraph (1),
        the term `domestic business' means--
                    ``(A) any domestic corporation or domestic
                partnership, and
                    ``(B) any trade or business conducted in the United
                States as a sole proprietorship.
    ``(b) Qualified Minority Fund Interest Defined.--For purposes of
this subpart, the term `qualified minority fund interest' means any
stock in a domestic corporation or partnership interest in a domestic
partnership if--
            ``(1) such stock or partnership interest (as the case may
        be) is issued after the date of the enactment of this subpart
        solely in exchange for money,
            ``(2) such corporation or partnership (as the case may be)
        was formed exclusively for purposes of--
                    ``(A) acquiring at original issuance (directly or
                through an underwriter) owner interests in qualified
                minority businesses, or
                    ``(B) making loans to such businesses, and
            ``(3) at least 80 percent of the total bases of its assets
        is represented by--
                    ``(A) investments referred to in paragraph (2), and
                    ``(B) cash and cash equivalents.
    ``(c) Minority Individuals.--For purposes of this subpart,
individuals are members of a minority if the participation of such
individuals in the free enterprise system is hampered because of social
disadvantage within the meaning of section 301(d) of the Small Business
Investment Act of 1958.
    ``(d) Controlled Group Rules.--
            ``(1) In general.--All corporations which are members of
        the same controlled groups shall be treated as 1 corporation
        for purposes of this subpart.
            ``(2) Controlled group.--For purposes of paragraph (1), the
        term `controlled group' has the meaning given such term by
        section 179(d)(7).''
    (b) Credit Made Part of General Business Credit.--Subsection (b) of
section 38 of such Code is amended by striking ``plus'' at the end of
paragraph (7), by striking the period at the end of paragraph (8) and
inserting ``, plus'', and by adding at the end thereof the following
new paragraph:
            ``(9) the minority venture capital fund credit determined
        under section 54.''
    (c) Credit May Offset 25 Percent of Minimum Tax.--Subsection (c) of
section 38 of such Code is amended by redesignating paragraph (2) as
paragraph (3) and by inserting after paragraph (1) the following new
paragraph:
            ``(2) Credit for investments in minority venture capital
        funds may offset 25 percent of minimum tax.--
                    ``(A) In general.--In the case of a C corporation,
                the amount determined under paragraph (1)(A) shall be
                reduced by the lesser of--
                            ``(i) the portion of the credit under
                        section 54 not used against the normal
                        limitation, or
                            ``(ii) 25 percent of the taxpayer's
                        tentative minimum tax for the taxable year.
                    ``(B) Portion of the credit under section 54 not
                used against normal limit.--For purposes of
                subparagraph (A), the portion of the credit under
                section 54 for any taxable year not used against the
                normal limitation is the excess (if any) of--
                            ``(i) the portion of the credit under
                        subsection (a) which is attributable to the
                        credit under section 54, over
                            ``(ii) the limitation of paragraph (1)
                        (without regard to this paragraph) reduced by
                        the portion of the credit under subsection (a)
                        which is not so attributable.
                    ``(C) Limitation.--In no event shall this paragraph
                permit the allowance of a credit which would result in
                a net chapter 1 tax less than an amount equal to 10
                percent of the amount determined under section
                55(b)(1)(A) without regard to the alternative tax net
                operating loss deduction. For purposes of the preceding
                sentence, the term `net chapter 1 tax' means the sum of
                the regular tax liability for the taxable year and the
                tax imposed by section 55 for the taxable year, reduced
                by the sum of the credits allowable under this part for
                the taxable year (other than under section 34).''
    (d) Clerical Amendment.--The table of subparts for part IV
subchapter A of chapter 1 of such Code is amended by adding at the end
thereof the following item:

                              ``Subpart H. Incentives for investments
                                        in enterprises owned by
                                        disadvantaged individuals.''
    (e) Effective Date.--The amendments made by this section shall
apply to taxable years ending after the date of the enactment of this
Act.

Output: Minority Equity Capital Formation Act of 1993 - Amends the Internal Revenue Code to allow a minority venture capital fund credit of 20 percent of the aggregate bases of qualified minority fund interests, with limitations.  Sets forth recapture provisions for such stock.  Makes such credit a part of the general business credit and allows it to offset a portion of the tentative minimum tax.