Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Corporate Executive Accountability
Act of 2010''.

SEC. 2. SHAREHOLDER VOTES ON EXECUTIVE PAY.

    (a) Shareholder Votes on Executive Pay.--Section 14 of the
Securities Exchange Act of 1934 (15 U.S.C. 78n) is amended by adding at
the end the following new subsection:
    ``(i) Annual Shareholder Approval of Executive Compensation.--
            ``(1) Annual vote.--Any proxy or consent or authorization
        (the solicitation of which is subject to the rules of the
        Commission pursuant to subsection (a)) for an annual meeting of
        the shareholders to elect directors (or a special meeting in
        lieu of such meeting) where proxies are solicited in respect of
        any security registered under section 12 occurring on or after
        the date that is 6 months after the date on which final rules
        are issued under paragraph (4), shall provide for a separate
        shareholder vote to approve the compensation of executives as
        disclosed pursuant to the Commission's compensation disclosure
        rules for named executive officers (which disclosure shall
        include the compensation committee report, the compensation
        discussion and analysis, the compensation tables, and any
        related materials, to the extent required by such rules). The
        shareholder vote shall not be binding on the issuer or the
        board of directors and shall not be construed as overruling a
        decision by such board, nor to create or imply any additional
        fiduciary duty by such board, nor shall such vote be construed
        to restrict or limit the ability of shareholders to make
        proposals for inclusion in such proxy materials related to
        executive compensation.
            ``(2) Shareholder approval of golden parachute
        compensation.--
                    ``(A) Disclosure.--In any proxy or consent
                solicitation material (the solicitation of which is
                subject to the rules of the Commission pursuant to
                subsection (a)) for a meeting of the shareholders
                occurring on or after the date that is 6 months after
                the date on which final rules are issued under
                paragraph (4), at which shareholders are asked to
                approve an acquisition, merger, consolidation, or
                proposed sale or other disposition of all or
                substantially all the assets of an issuer, the person
                making such solicitation shall disclose in the proxy or
                consent solicitation material, in a clear and simple
                form in accordance with regulations to be promulgated
                by the Commission, any agreements or understandings
                that such person has with any named executive officers
                of such issuer (or of the acquiring issuer, if such
                issuer is not the acquiring issuer) concerning any type
                of compensation (whether present, deferred, or
                contingent) that is based on or otherwise relates to
                the acquisition, merger, consolidation, sale, or other
                disposition of all or substantially all of the assets
                of the issuer and the aggregate total of all such
                compensation that may (and the conditions upon which it
                may) be paid or become payable to or on behalf of such
                executive officer.
                    ``(B) Shareholder approval.--Any proxy or consent
                or authorization relating to the proxy or consent
                solicitation material containing the disclosure
                required by subparagraph (A) shall provide for a
                separate shareholder vote to approve such agreements or
                understandings and compensation as disclosed, unless
                such agreements or understandings have been subject to
                a shareholder vote under paragraph (1). A vote by the
                shareholders shall not be binding on the issuer or the
                board of directors of the issuer or the person making
                the solicitation and shall not be construed as
                overruling a decision by any such person or issuer, nor
                to create or imply any additional fiduciary duty by any
                such person or issuer.
            ``(3) Disclosure of votes.--Every institutional investment
        manager subject to section 13(f) shall report at least annually
        how it voted on any shareholder vote pursuant to paragraph (1)
        or (2) of this section, unless such vote is otherwise required
        to be reported publicly by rule or regulation of the
        Commission.
            ``(4) Rulemaking.--Not later than 6 months after the date
        of enactment of this Act, the Commission shall issue final
        rules to implement this subsection.''.
    (b) Disclosure Requirements.--
            (1) In general.--The Commission shall amend section 229.402
        of title 17, Code of Federal Regulations, to require each
        issuer to disclose in any filing of the issuer described in
        section 229.10(a) of title 17, Code of Federal Regulations (or
        any successor thereto)--
                    (A) the median of the annual total compensation of
                all employees of the issuer, except the chief executive
                officer (or any equivalent position) of the issuer;
                    (B) the annual total compensation of the chief
                executive officer (or any equivalent position) of the
                issuer; and
                    (C) the ratio of the amount described in paragraph
                (1) to the amount described in paragraph (2).
            (2) Total compensation.--For purposes of this subsection,
        the total compensation of an employee of an issuer shall be
        determined in accordance with section 229.402(c)(2)(x) of title
        17, Code of Federal Regulations, as in effect on the day before
        the date of enactment of this Act.

SEC. 3. EXECUTIVE ACCOUNTABILITY FOR FAILURE OR FRAUD.

    (a) Clawback.--
            (1) Securities exchange act of 1934.--Section 16 of the
        Securities Exchange Act of 1934 (15 U.S.C. 78p) is amended by
        adding at the end the following:
    ``(h) Clawback Policy.--
            ``(1) Listing standards.--The Commission shall, by rule,
        direct the national securities exchanges and national
        securities associations to prohibit the listing of any security
        of an issuer that does not comply with the requirements of this
        subsection.
            ``(2) Recovery of funds.--The rules of the Commission under
        paragraph (1) shall require each issuer to develop and
        implement a policy providing that, in the event that the issuer
        is required to prepare an accounting restatement due to the
        material noncompliance of the issuer with any financial
        reporting requirement under the securities laws, the issuer
        shall--
                    ``(A) recover from any current or former employee
                of the issuer who received incentive-based compensation
                (including stock options awarded as compensation) based
                on the erroneous data, an amount equal to the
                difference between the amount actually paid to the
                employee and the amount that would have been paid to
                the employee under the accounting restatement; and
                    ``(B) disclose, together with the accounting
                restatement--
                            ``(i) a list of any bonuses or stock sales
                        by the employees of the issuer that are
                        affected by the accounting restatement,
                        including the amounts of such bonuses or stock
                        sales; and
                            ``(ii) the extent to which the employees of
                        the issuer have repaid any amounts under
                        subparagraph (A).''.
            (2) Sarbanes-oxley act of 2002.--Section 304 of the
        Sarbanes-Oxley Act of 2002 (15 U.S.C. 7243) is amended--
                    (A) in subsection (a)--
                            (i) in the matter preceding paragraph (1),
                        by striking ``, as a result of misconduct,'';
                            (ii) in paragraph (1), by striking ``12-
                        month'' and inserting ``2-year''; and
                            (iii) in paragraph (2), by striking ``12-
                        month'' and inserting ``2-year''; and
                    (B) by adding at the end the following:
    ``(c) Commencement of Action by Commission.--If the chief executive
officer or the chief financial officer of the issuer has not made a
reimbursement required under this section before the expiration of the
90-day period beginning on the date on which the accounting restatement
occurs, the Commission may commence an action on behalf of the issuer
to recover any funds that the chief executive officer or the chief
financial officer is required to reimburse under subsection (a).
    ``(d) Action by Shareholders.--
            ``(1) In general.--A shareholder of an issuer may commence
        an action on behalf of the issuer in any district court of the
        United States to recover any funds the chief executive officer
        or the chief financial officer is required to reimburse under
        subsection (a), if--
                    ``(A) the Commission does not commence an action
                under subsection (c) before the expiration of the 120-
                day period following the date on which the accounting
                restatement occurs; and
                    ``(B) the chief executive officer or the chief
                financial officer of the issuer has not made a
                reimbursement required under this section as of the
                date on which the action is commenced.
            ``(2) Stay of actions.--If more than 1 shareholder of an
        issuer commences an action under this subsection with respect
        to the same accounting restatement, a district court shall stay
        all actions commenced by the shareholders, except for the
        action commenced by the shareholder that owns the greatest
        number of shares of the issuer.''.
    (b) Shareholder Approval of Severance Agreements.--The Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended by inserting
after section 10A the following:

``SEC. 10B. SEVERANCE AGREEMENTS TIED TO PERFORMANCE.

    ``(a) Commission Rules.--
            ``(1) In general.--Not later than 270 days after the date
        of enactment of this subsection, the Commission shall, by rule,
        direct each national securities exchange and national
        securities association to prohibit the listing of any security
        of an issuer that is not in compliance with the requirements of
        any portion of subsection (b).
            ``(2) Opportunity to cure.--The rules issued under
        paragraph (1) shall provide for appropriate procedures for an
        issuer to have an opportunity to cure any defects that would be
        the basis for such a prohibition before the imposition of such
        prohibition.
            ``(3) Considerations.--The rules issued under paragraph (1)
        shall be implemented with due regard for contracts in existence
        on the date of enactment of this subsection.
    ``(b) Severance Agreements Tied to Performance.--The board of
directors of an issuer, or a committee of such board of directors, may
not enter into an agreement providing for severance payments to a
senior executive officer who is terminated for cause, as determined by
the board of directors.
    ``(c) Termination for Cause.--For purposes of this section, the
term `for cause', when used with respect to the termination of a senior
executive officer of an issuer, means termination due to--
            ``(1) the willful and continued failure of the senior
        executive officer to perform substantially the duties of the
        senior executive officer with respect to the issuer, unless
        such failure is due to incapacity resulting from a physical or
        mental illness of the senior executive officer;
            ``(2) the willful unapproved absenteeism of the senior
        executive officer, unless such absenteeism is due to a
        temporary or permanent disability of the senior executive
        officer;
            ``(3) the senior executive officer willfully engaging in
        misconduct that the board of directors of the issuer reasonably
        believes does or may materially adversely affect the business
        or operations of the issuer;
            ``(4) a material breach of an employment agreement by the
        senior executive officer;
            ``(5) misconduct by the senior executive officer that is of
        such a serious or substantial nature that a reasonable
        likelihood exists that the misconduct would materially injure
        the reputation of the issuer or a subsidiary of the issuer if
        the senior executive officer were to remain employed by the
        issuer;
            ``(6) harassment or discrimination by the senior executive
        officer against the employees, customers, or vendors of the
        issuer, in violation of the policies of the issuer;
            ``(7) the misappropriation of funds or assets of the issuer
        by the senior executive officer for personal use;
            ``(8) the willful violation of the policies or standards of
        business conduct of the issuer, as determined in good faith by
        the board of directors of the issuer;
            ``(9) the disclosure of confidential information by the
        senior executive officer in violation of the written policies
        of the issuer that is demonstrably injurious to the issuer;
            ``(10) the conviction of the senior executive officer for,
        or a plea of guilty or nolo contendere made by the senior
        executive officer to, a charge of commission of a felony; or
            ``(11) any other action that the board of directors of the
        issuer determines is detrimental or injurious to the issuer or
        the shareholders of the issuer.''.

SEC. 4. LIMITATIONS ON EQUITY COMPENSATION OF EXECUTIVE OFFICERS.

    Section 16 of the Securities Exchange Act of 1934 (15 U.S.C. 78p)
is amended by adding at the end the following:
    ``(j) Equity Compensation of Executive Officers.--
            ``(1) Definitions.--For purposes of this subsection--
                    ``(A) the term `award of equity compensation' means
                an award of share-based compensation; and
                    ``(B) the term `executive officer' has the same
                meaning as in section 240.3b-7 of title 17, Code of
                Federal Regulations, or any successor thereto.
            ``(2) Listing standards.--The Commission shall, by rule,
        direct each national securities exchange and registered
        securities association to prohibit the listing of any security
        of an issuer that does not comply with the requirements of this
        subsection.
            ``(3) Limitations on equity compensation of executive
        officers.--The rules of the Commission under paragraph (2)
        shall prohibit an executive officer or member of the board of
        directors of an issuer who receives an award of equity
        compensation from selling more than--
                    ``(A) 20 percent of the shares that the executive
                officer or member of the board of directors is entitled
                to receive during the first year following the vesting
                of the award;
                    ``(B) 40 percent of the shares that the executive
                officer or member of the board of directors is entitled
                to receive during the second year following the vesting
                of the award, less any shares sold under subparagraph
                (A);
                    ``(C) 60 percent of the shares that the executive
                officer or member of the board of directors is entitled
                to receive during the third year following the vesting
                of the award, less any shares sold under subparagraphs
                (A) and (B); and
                    ``(D) 80 percent of the shares that the executive
                officer or member of the board of directors is entitled
                to receive during the fourth year following the vesting
                of the award, less any shares sold under subparagraphs
                (A) through (C).
            ``(4) Vesting.--For purposes of this subsection, an award
        of equity compensation vests on the date on which the right of
        the individual who receives the award to receive or retain
        shares under the award is no longer contingent on satisfaction
        of a condition relating to the service or performance of the
        individual.''.

Output:
Corporate Executive Accountability Act of 2010 - Amends the Securities Exchange Act of 1934 to require that any proxy or consent or authorization for an annual shareholders meeting provide for a separate non-binding shareholder vote to approve executive compensation for named executive officers.

Requires solicitations seeking shareholder approval of an acquisition, merger, consolidation, or proposed sale or other disposition of all (or substantially all) of the assets of an issuer to disclose any agreements with named executive officers of the disposing or the acquiring issuer regarding related compensation (golden parachute compensation).

Requires separate non-binding shareholder approval of disclosed golden parachute agreements and compensation, unless they have already been subject to a shareholder vote at an annual shareholders' meeting.

Directs the Securities and Exchange Commission (SEC) by rule to require: (1) each issuer to disclose in certain filings the ratio between the median of the annual total compensation of its employees and the annual total compensation of its chief executive officer; (2) the national securities exchanges and national securities associations to prohibit the listing of any security of an issuer who does not comply with this Act; and (3) each issuer to develop a policy for recovery (clawback) of incentive-based compensation from a current or former employee if the issuer is required to prepare an accounting restatement because of material noncompliance with financial reporting requirements under the securities laws.

Amends the Sarbanes-Oxley Act of 2002 to authorize the SEC to commence an action on behalf of the issuer to recover any funds required to be reimbursed by either the chief executive officer or the chief financial officer if such officer has not complied with reimbursement requirements within 90 days after an accounting restatement.

Amends the Securities Exchange Act of 1934 to: (1) prohibit the board of directors of an issuer from entering into an agreement providing for severance payments to a senior executive officer terminated for cause; and (2) direct the SEC to require each national securities exchange and registered securities association to prohibit the listing of any security of an issuer in violation of specified limitations placed upon the equity compensation of executive officers.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Leadership in Energy
Efficient Transportation Act of 2015'' or the ``FLEET Act of 2015''.

SEC. 2. PURPOSES.

    The purposes of this Act are to provide for the upgrade of the
vehicle fleet of the United States Postal Service, to improve mail
delivery services to benefit customers and the environment, to increase
savings by reducing maintenance or other costs, and to set benchmarks
to maximize fuel economy and reduce emissions for the Postal fleet with
the goal of making the Postal Service a national leader in efficiency
and technology innovation.

SEC. 3. AUTHORITY TO ENTER INTO ENERGY SAVINGS PERFORMANCE CONTRACTS.

    Section 804(4) of the National Energy Conservation Policy Act (42
U.S.C. 8287c(4)) is amended--
            (1) in subparagraph (A), by striking ``or'' after the
        semicolon;
            (2) in subparagraph (B), by striking the period at the end
        and inserting ``; or''; and
            (3) by adding at the end the following new subparagraph:
                    ``(C) in the case of a contract in which the United
                States Postal Service is a party--
                            ``(i) the purchase or lease of low emission
                        and fuel efficient vehicles;
                            ``(ii) a measure to upgrade a vehicle
                        owned, operated, leased, or otherwise
                        controlled by or assigned to the United States
                        Postal Service to increase average fuel economy
                        and reduce the emissions of carbon dioxide of
                        such vehicle; or
                            ``(iii) the construction or maintenance of
                        infrastructure, including electric vehicle
                        charging stations, to support vehicles
                        described in clauses (i) and (ii).''.

SEC. 4. AUTHORITY TO ENTER INTO UTILITY ENERGY SERVICE CONTRACTS.

    Section 546 of the National Energy Conservation Policy Act (42
U.S.C. 8256) is amended in subsection (c)(1) by inserting ``(including
measures to support the use of low emission and fuel efficient vehicles
owned, operated, leased, or otherwise controlled by or assigned to the
United States Postal Service and measures to support construction and
maintenance of infrastructure to support such vehicles, including
electric vehicle charging stations)'', after ``demand''.

SEC. 5. UPGRADE OF POSTAL FLEET.

    (a) Postal Fleet Requirements.--
            (1) Motor vehicle standards.--The Postmaster General may
        not award a contract for a contracted vehicle, or purchase or
        lease a motor vehicle for use by the Postal Service, unless, at
        a minimum--
                    (A) in the case of a passenger car, the car meets--
                            (i) with respect to emissions of carbon
                        dioxide, the more stringent of--
                                    (I) the applicable standards
                                developed by the Environmental
                                Protection Agency under title II of the
                                Clean Air Act (42 U.S.C. 7521 et seq.);
                                or
                                    (II) on average, less than 235
                                grams per mile; and
                            (ii) with respect to average fuel economy,
                        the more stringent of--
                                    (I) the applicable average fuel
                                economy standards developed by the
                                National Highway Traffic Safety
                                Administration under chapter 329 of
                                title 49, United States Code; or
                                    (II) 37.8 miles per gallon;
                    (B) in the case of a light truck, the truck meets--
                            (i) with respect to emissions of carbon
                        dioxide, the more stringent of--
                                    (I) the applicable standards
                                developed by the Environmental
                                Protection Agency under title II of the
                                Clean Air Act (42 U.S.C. 7521 et seq.);
                                or
                                    (II) on average, less than 310
                                grams per mile; and
                            (ii) with respect to average fuel economy,
                        the more stringent of--
                                    (I) the applicable average fuel
                                economy standards developed by the
                                National Highway Traffic Safety
                                Administration under chapter 329 of
                                title 49, United States Code; or
                                    (II) 28.8 miles per gallon; and
                    (C) in the case of a medium-duty or heavy-duty
                vehicle, the vehicle complies with applicable
                standards--
                            (i) for emissions of carbon dioxide
                        developed by the Environmental Protection
                        Agency under title II of the Clean Air Act (42
                        U.S.C. 7521 et seq.); and
                            (ii) for average fuel economy developed by
                        the National Highway Traffic Safety
                        Administration under chapter 329 of title 49,
                        United States Code.
            (2) Applicability.--The standards described in paragraph
        (1) shall apply to contracted vehicles and motor vehicles
        purchased or leased for use by the Postal Service after the
        date that is 1 year after the date of enactment of this Act.
            (3) Reduction in consumption of petroleum products.--The
        Postmaster General shall reduce the total consumption of
        petroleum products by motor vehicles in the Postal fleet by a
        minimum of 2 percent annually through the end of fiscal year
        2026, relative to the baseline established for fiscal year
        2005.
    (b) Replacing Vehicles Within the Postal Fleet.--The Postmaster
General shall conduct a cost-benefit analysis of motor vehicles in the
Postal fleet to determine if the cost to maintain any such vehicle
outweighs the benefit or savings of replacing the vehicle.
    (c) Route Requirements.--To inform and prioritize purchases, the
Postmaster General shall review and identify Postal delivery routes,
including geography and types of motor vehicle that could be used on
such routes, to determine if motor vehicles used on such routes can be
replaced with motor vehicles that use technologies that increase
average fuel economy or reduce emissions of carbon dioxide.
    (d) Reporting Requirements.--The Postmaster General shall submit a
report to Congress--
            (1) not later than 1 year after the date of enactment of
        this Act, that contains a plan to achieve the requirements of
        subsection (a) and recommendations for vehicle body design
        specifications for motor vehicles purchased for the Postal
        fleet that would increase average fuel economy and reduce
        emissions of carbon dioxide of any such vehicle; and
            (2) annually, that describes--
                    (A) the progress in meeting the annual target
                described in subsection (a)(3); and
                    (B) any changes to Postal delivery routes or motor
                vehicle purchase strategies made pursuant to subsection
                (c).
    (e) Restrictions.--To meet the requirements of this Act, the
Postmaster General may not--
            (1) reduce the frequency of delivery of mail to fewer than
        6 days each week;
            (2) close post offices or postal distribution facilities;
            (3) take any action that would restrict or diminish a
        collective bargaining agreement or eliminate or reduce any
        employee benefits; or
            (4) enter into a contract with a private company to perform
        duties that, as of the date of enactment of this Act, are
        performed by bargaining unit employees.

SEC. 6. DEFINITIONS.

    In this Act, the following definitions apply:
            (1) Contracted vehicle.--The term ``contracted vehicle''--
                    (A) means any motor vehicle used in carrying out a
                contract for surface mail delivery pursuant to section
                5005(a)(3) of title 39, United States Code; and
                    (B) does not include any motor vehicle used in
                carrying out a contract for surface mail delivery
                pursuant to sections 406 and 407 of such title.
            (2) Motor vehicle.--The term ``motor vehicle'' means any
        self-propelled vehicle designed for transporting persons or
        property on a street or highway.
            (3) Postal delivery route.--The term ``Postal delivery
        route'' means the transportation route for surface mail
        delivery.
            (4) Postal fleet.--The term ``Postal fleet'' means any
        vehicle that is owned, operated, leased, or otherwise
        controlled by or assigned to the Postal Service.
            (5) Postal service.--The term ``Postal Service'' means the
        United States Postal Service.

Output: Federal Leadership in Energy Efficient Transportation Act of 2015 or the FLEET Act of 2015  Amends the National Energy Conservation Policy Act to expand the definition of "energy or water conservation measure" under such Act to include, in the case of a contract in which the U.S. Postal Service (USPS) is a party: (1) the purchase or lease of low emission and fuel efficient vehicles; (2) the upgrade of USPS vehicles to increase average fuel economy and reduce carbon dioxide emissions; or (3) the construction or maintenance of infrastructure to support such vehicles, including electric vehicle charging stations. Expands the program of agency incentives for conserving energy to include in utility incentive programs measures to support the use of low emission and fuel efficient USPS vehicles. Prohibits USPS from awarding a contract for a vehicle, or purchasing or leasing a vehicle for use by USPS, including a passenger car, light truck, or medium or heavy-duty vehicle, unless the vehicle meets certain minimum carbon dioxide emissions standards and average fuel economy standards.  Prohibits USPS from meeting the requirements of this Act by: (1) reducing the frequency of mail delivery, (2) closing post offices or postal distribution facilities, (3) taking any action to restrict or diminish a collective bargaining agreement or eliminate or reduce employee benefits, or (4) entering into a contact with a private company to perform duties that are currently performed by postal employees who are bargaining unit employees.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Community Development Block Grant
Renewal Act''.

SEC. 2. LOW- AND MODERATE-INCOME TARGETING REQUIREMENT.

    (a) Targeting Assistance to Low-Income Families.--
            (1) In general.--Section 101(c) of the Housing and
        Community Development Act of 1974 (42 U.S.C. 5301(c)) is
        amended--
                    (A) by striking ``not less than 70 percent'';
                    (B) by inserting ``80 percent'' after ``section
                108,''; and
                    (C) by striking ``and the Federal assistance'' and
                inserting the following: ``and not less than 40 percent
                of such aggregate assistance and funds shall be used
                for the support of activities that directly benefit
                persons of low income. The Federal assistance''.
            (2) Conforming amendments.--The Housing and Community
        Development Act of 1974 is amended--
                    (A) in section 104 (42 U.S.C. 5304)--
                            (i) in subsection (a)(2)(A), by inserting
                        ``and persons of low income'' after ``moderate
                        income'';
                            (ii) in subsection (b)(3)--
                                    (I) in clause (A), by striking ``70
                                percent of such funds are used for
                                activities that benefit such persons
                                during such period'' and inserting ``80
                                percent of such funds are used for
                                support of activities that benefit
                                persons of low and moderate income
                                during such period, and 40 percent of
                                such funds are used for support of
                                activities that benefit persons of low
                                income during such period''; and
                                    (II) in clause (B), by inserting
                                ``or persons of low income'' after
                                ``moderate income''; and
                            (iii) in the third sentence of subsection
                        (e), by inserting ``and persons of low income''
                        before the period at the end; and
                    (B) in section 106(d)(2)(D) (42 U.S.C.
                5306(d)(2)(D)), by inserting ``and the needs of persons
                of low income'' before the last comma.
    (b) Treatment of Downtown Areas.--Section 105(c)(2)(A) of the
Housing and Community Development Act of 1974 (42 U.S.C.
5305(c)(2)(A)), as amended by the preceding provisions of this Act, is
further amended by adding at the end the following new clause:
    ``(iv) Notwithstanding any other provision of this subparagraph, an
activity that is designed to serve an area generally shall not be
considered to principally benefit persons of low or moderate income, or
to principally benefit persons of low income, if such activity serves
an area that is not primarily residential in character.''.
    (c) Ensuring Direct Benefit.--Section 105(c) of the Housing and
Community Development Act of 1974 (42 U.S.C. 5305(c)) is amended by
adding at the end the following new paragraph:
    ``(5) In determining whether an assisted activity benefits persons
of low and moderate income or persons of low income, for purposes of
compliance with the requirements of section 101(c) and certification of
such compliance in accordance with section 104(b)(3), the grantee shall
consider the full range of direct effects of the assisted activity.''.

SEC. 3. PROPORTIONAL TREATMENT OF BENEFIT FOR LOW- AND MODERATE-INCOME
              FAMILIES.

    (a) Development and Economic Development Activities.--Section
105(c)(1) of the Housing and Community Development Act of 1974 (42
U.S.C. 5305(c)(1)) is amended--
            (1) in the matter preceding subparagraph (A), by inserting
        ``or persons of low income'' before the comma;
            (2) in subparagraph (A), by inserting ``or of low income,
        as applicable,'' after ``moderate income''; and
            (3) in subparagraphs (B) and (C), by inserting ``or of low
        income, as applicable'' after ``moderate income'' each place
        such term appears.
    (b) Area Benefit Activities.--Section 105(c)(2)(A) of the Housing
and Community Development Act of 1974 (42 U.S.C. 5305(c)(2)(A)) is
amended--
            (1) by redesignating clauses (i), (ii), and (iii) as
        subclauses (I), (II), and (III), respectively;
            (2) by inserting ``(i)'' after ``(2)(A)'';
            (3) by inserting ``(but only to the extent provided in
        clause (ii)) only'' after ``principally benefit persons of low
        and moderate income''; and
            (4) by adding at the end the following new clause:
    ``(ii) In the case of any assisted activity that is designed to
serve an area generally and that, pursuant to clause (i), is considered
to principally benefit persons of low and moderate income or persons of
low income, amounts provided under this title and used for such
activity shall be considered, for purposes of compliance with the
requirements of section 101(c), to support an activity that benefits
low and moderate income persons or persons of low income, as
applicable, in the same proportion as the proportion of the population
of such area that is comprised of persons of low and moderate income or
persons of low income, as applicable.''.
    (c) Housing Activities.--Section 105(c)(3) of the Housing and
Community Development Act of 1974 (42 U.S.C. 5305(c)(3)) is amended--
            (1) by striking ``or rehabilitation'' and inserting ``,
        rehabilitation, or new construction''; and
            (2) by striking ``only to the extent'' and all that follows
        and inserting the following: ``or persons of low income, as
        applicable, for purposes of compliance with the requirements of
        section 101(c), in the amount determined by multiplying (A) the
        amount of funds provided under this title that are used for
        such activity, by (B) the percentage of the units in such
        housing that, upon completion, will be occupied by such
        persons.''.
    (d) Job Creation Activities.--Section 105(c) of the Housing and
Community Development Act of 1974 (42 U.S.C. 5305(c)) is amended by
striking paragraph (4) and inserting the following new paragraph:
    ``(4) Any assisted activity described in paragraph (14) or (17) of
subsection (a) that is identified as principally benefiting persons of
low or moderate income or persons of low income, by reason of
compliance with paragraph (1)(C) of this subsection, shall be
considered to benefit such persons, for purposes of compliance with the
requirements of section 101(c), in the amount determined by multiplying
(A) the amount of funds provided under this title that are used for
such activity, by (B) the percentage of employees involved in the
activity that are persons of low and moderate income or persons of low
income, as applicable.''.

SEC. 4. PUBLIC PARTICIPATION.

    Section 104(a) of the Housing and Community Development Act of 1974
(42 U.S.C. 5304(a)) is amended by adding at the end the following new
paragraph:
    ``(4) For purposes of this subsection, the term `public hearing'
means a hearing that is subject to, and held in accordance with, any
State and local laws regarding requirements for public hearings of the
jurisdiction that is the grantee.''.

SEC. 5. PUBLIC MONITORING.

    Section 105(a) of the Housing and Community Development Act of 1974
(42 U.S.C. 5305(a)) is amended--
            (1) in paragraph (22), by striking ``and'' at the end;
            (2) in paragraph (23), by striking the period at the end
        and inserting a semicolon; and
            (3) by inserting after paragraph (23) the following new
        paragraph:
            ``(24) provision of assistance to nonprofit organizations
        representing low- and moderate-income persons for--
                    ``(A) monitoring the use, by recipients, of funds
                provided under this title; or
                    ``(B) promoting or providing for public
                participation required under paragraphs (1) through (3)
                of section 104(a);
        except that assistance under this paragraph shall not be
        considered a planning activity under paragraph (12) of this
        subsection, an administrative cost under paragraph (13), or a
        public service under paragraph (8); and''.

SEC. 6. APPLICABILITY.

    The amendments made by this Act shall apply with respect to fiscal
year 2002 and all fiscal years thereafter and to amounts appropriated
for such fiscal years for community development block grants under
title I of the Housing and Community Development Act of 1974 (42 U.S.C.
5301 et seq.) .

Output: Community Development Block Grant Renewal Act - Amends the Housing and Community Development Act of 1972 to increase the amount of community development assistance targeted to low- and moderate-income families, including job creation and area and economic development activities.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Comprehensive Holocaust
Accountability in Insurance Measure''.

    TITLE I--PROVISIONS APPLICABLE WITH RESPECT TO CERTAIN FOREIGN
                          INSURANCE COMPANIES

SEC. 101. PROHIBITION.

    (a) In General.--Any foreign insurance company listed in subsection
(b) may not conduct any form of business in the United States,
including participating, directly or indirectly, in any aspect of the
payment system within the jurisdiction of the United States (including
any clearing or electronic fund transfer system) or conducting any
business with a United States bank, unless the company discloses to the
Attorney General, in accordance with subsection (c), the name of any
individual with which the company had any financial dealing and which
is on the list of Jewish Holocaust Survivors maintained by the United
States Holocaust Memorial Museum in Washington, D.C., or the list of
individuals who died in the Holocaust maintained by the Yad Veshem of
Jerusalem in its Hall of Names.
    (b) Insurance Companies.--The foreign insurance companies referred
to in subsection (a) are as follows:
            (1) Assicurazioni Generali S.p.A.
            (2) Union Des Assurances de Paris.
            (3) Victoria Lebenversicherungs AG.
            (4) Winterthur Lebensversicherungs Gesellschaft.
            (5) Allianz Lebensversicherungs AG.
            (6) Wiener Allianz Versicherungs AG.
            (7) Riunione Adriatica di Sicurta.
            (8) Vereinte Lebensversicherungs AG.
            (9) Basler Lebens-Versicherungs Gesellschaft.
            (10) Deutscher Ring Lebensversicherungs AG.
            (11) Nordstern Lebensversicherungs AG.
            (12) Gerling Konzern Lebensversicherungs AG.
            (13) Manheimer Lebensversicherung AG.
            (14) Der Anker.
            (15) Allgemeine Versicherungs AG.
            (16) Zuerich Lebensversicherungs Gesellschaft.
            (17) Any other foreign insurance company which was in a
        position to have financial dealings with any individual who was
        subject to the Holocaust.
    (c) Attorney General.--The Attorney General shall designate an
office in the Department of Justice to which disclosures shall be made
in accordance with subsection (a). Such office shall take such action
as may be appropriate to make the disclosures available to the public.

 TITLE II--PROVISIONS APPLICABLE TO UNITED STATES BANKING INSTITUTIONS

SEC. 201. LIMITATION ON INSURED DEPOSITORY INSTITUTIONS.

    (a) In General.--Section 18 of the Federal Deposit Insurance Act
(12 U.S.C. 1828) is amended by adding at the end the following new
subsection:
    ``(t) Prohibition on Transactions With Certain Insurance Companies
or Their Affiliates.--
            ``(1) In general.--No insured depository institution may
        accept any deposit from, maintain any deposit on behalf of,
        offer or provide payment services to or on behalf of,
        participate directly or indirectly in any aspect of the payment
        system (including any clearing or electronic fund transfer
        system) for or on behalf of, hold any credit balance for, make
        any loan or other extension of credit to or for the benefit of,
        or engage in any other financial activity or transaction with
        or on behalf of any foreign insurance company listed in section
        101(b) (including any company the Attorney General determines
        is described in paragraph (17) of such section) or any
        affiliate of such company during the period beginning 15 days
        after the enactment of the Comprehensive Holocaust
        Accountability in Insurance Measure and ending on the date on
        which the Attorney General provides notice through publication
        in the Federal Register that such company has complied with the
        disclosure requirements contained in section 101(a) of such
        Act.
            ``(2) Limited exception for affiliates.--
                    ``(A) In general.--If an insured depository
                institution is itself an affiliate of a foreign
                insurance company described in paragraph (1), paragraph
                (1) shall not apply so as to prohibit--
                            ``(i) the payment of dividends on any
                        shares of stock in such insured depository
                        institution which are held by the foreign
                        insurance company or any affiliate of such
                        company; or
                            ``(ii) the investment of additional capital
                        in such insured depository institution by the
                        foreign insurance company or affiliate.
                    ``(B) Regulations.--Any payment or investment
                described in subparagraph (A) shall be subject to, and
                shall be made in accordance with, such regulations,
                including any limitation, as the Attorney General or
the appropriate Federal banking agency may prescribe.''.

SEC. 202. LIMITATION ON UNINSURED BRANCHES, AGENCIES, AND COMMERCIAL
              LENDING COMPANY AFFILIATES OF FOREIGN BANKS.

    Section 7 of the International Banking Act of 1978 (12 U.S.C. 3105)
is amended by adding at the end the following new subsection:
    ``(t) Prohibition on Transactions With Certain Insurance Companies
or Their Affiliates.--
            ``(1) In general.--No branch, agency, or commercial lending
        company which is controlled by a foreign bank may accept any
        deposit from, maintain any deposit on behalf of, offer or
        provide payment services to, participate directly or indirectly
        in any aspect of the payment system (including any clearing or
        electronic fund transfer system) for or on behalf of, hold any
        credit balance for, make any loan or other extension of credit
        to or for the benefit of, or engage in any other financial
        activity or transaction with or on behalf of any foreign
        insurance company listed in section 101(b) (including any
        company the Attorney General determines is described in
        paragraph (17) of such section) or any affiliate of such
        company during the period beginning 15 days after the enactment
        of the Comprehensive Holocaust Accountability in Insurance
        Measure and ending on the date on which the Attorney General
        provides notice through publication in the Federal Register
        that such company has complied with the disclosure requirements
        contained in section 101(a) of such Act.
            ``(2) Limited exception for affiliates.--
                    ``(A) In general.--If a branch, agency, or
                commercial lending company which is controlled by a
                foreign bank is itself an affiliate of a foreign
                insurance company described in paragraph (1), paragraph
                (1) shall not apply so as to prohibit--
                            ``(i) the payment of dividends on any
                        shares of stock or a similar investment in such
                        branch, agency, or company which are held by
                        the foreign insurance company or any affiliate
                        of such company; or
                            ``(ii) the investment of additional capital
                        in branch, agency, or company by the foreign
                        insurance company or affiliate.
                    ``(B) Regulations.--Any payment or investment
                described in subparagraph (A) shall be subject to, and
                shall be made in accordance with, such regulations,
                including any limitation, as the Attorney General, the
                Board, the Comptroller of the Currency, or the Federal
                Deposit Insurance Corporation may prescribe.''.

Output:
TABLE OF CONTENTS:
     Title I:  Provisions Applicable with Respect to Certain
          Foreign Insurance Companies
     Title II:  Provisions Applicable to United States Banking
          Institutions
Comprehensive Holocaust Accountability in Insurance Measure -
Title I:  Provisions Applicable with Respect To Certain Foreign Insurance Companies
 - Identifies those foreign insurance companies which, as a prerequisite to conducting any form of business in the United States (or with a U.S. bank), must first disclose to the Attorney General the name of any individual with whom such companies had any financial dealing and who is on the list of Jewish Holocaust Survivors maintained by the United States Holocaust Museum in Washington D.C., or the list of individuals who died in the Holocaust maintained by the Yad Veshem of Jerusalem in its Hall of Names.
Directs the Attorney General to designate an office in the Department of Justice:  (1) to which such disclosures shall be made; and (2) which shall make such names public.
    Title II:  Provisions Applicable To United States Banking Institutions
 - Amends the Federal Deposit Insurance Act and the International Banking Act of 1978 to prohibit insured depository institutions and foreign bank-controlled commercial lending companies (with a limited exception for affiliates of foreign insurance companies) from engaging in specified financial transactions with or on behalf of a foreign insurance company listed under title I (including any affiliate) during a specified period until the Attorney General publishes in the Federal Register that such company has complied with the disclosure requirements of this Act.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Clean, Renewable Jet Fuel Act''.

SEC. 2. LOANS FOR QUALIFYING JET FUEL PRODUCTION PROJECTS.

    (a) Definitions.--In this section:
            (1) Direct loan.--The term ``direct loan'' has the meaning
        given the term in section 502(1) of the Federal Credit Reform
        Act of 1990 (2 U.S.C. 661a(1)).
            (2) Lifecycle greenhouse gas emissions.--The term
        ``lifecycle greenhouse gas emissions'' means an amount of
        emissions determined though the same methodology used by the
        Environmental Protection Agency to evaluate lifecycle
        greenhouse gas emissions under section 211(o) of the Clean Air
        Act (42 U.S.C. 7545).
            (3) Market price.--The term ``market price'' means the
        weekly average closing price of the front month contract for
        West Texas Intermediate futures on the New York Mercantile
        Exchange.
            (4) Qualifying jet fuel project.--The term ``qualifying jet
        fuel project'' means a project located in the United States
        that produces at least 25,000,000 gallons per year of liquid
        aviation turbine fuel or blending component that--
                    (A) as produced has at least 50 percent less
                lifecycle greenhouse gas emissions than petroleum;
                    (B) is produced from renewable biomass, as defined
                in section 211(o)(1)(I) of the Clean Air Act (42 U.S.C.
                7545(o)(1)(I)); and
                    (C) meets, or can be blended with other components
                to produce a fuel that meets, an American Society of
                Testing and Materials (ASTM) standard for aviation
                turbine fuels.
            (5) Sales.--The term ``sales'' means the volume of jet fuel
        described in paragraph (4) that has been sold to the open
        market after being produced from a project, as specified in an
        agreement entered into under subsection (b).
            (6) Secretary.--The term ``Secretary'' means the Secretary
        of Agriculture.
            (7) Strike price.--The term ``strike price'' means a
        specified price below which the United States shall make
        payments in the form of a loan to the owner or operator of a
        qualified jet fuel project and above which the owner or
        operator of a qualified jet fuel project shall repay the loan
        under the terms specified by an agreement entered into under
        subsection (b).
    (b) Loans.--
            (1) Loan authority.--The Secretary shall enter into a
        standby loan agreement under this section with the owners or
        operators of not more than 10 qualifying jet fuel projects.
        Such an agreement shall--
                    (A) provide that the Secretary shall make a direct
                loan for the project;
                    (B) define the primary term of the agreement, which
                shall not exceed the lesser of 10 years or 75 percent
                of the projected useful life of the project (as
                determined by the Secretary); and
                    (C) define the full term of the agreement, which
                shall not exceed the lesser of 20 years or 90 percent
                of the project useful life of the project (as
                determined by the Secretary).
            (2) Strike price methodology.--The strike price shall be
        determined by an auction process. The Secretary shall conduct 3
        auctions over a period of 2 years. The 3 auctions shall be
        structured in order to ensure, to the maximum extent possible,
        that number of projects awarded under each auction is the same.
            (3) Loan disbursements.--A loan made under this section
        shall be disbursed during the primary term of the loan
        agreement whenever the market price falls below the strike
        price. The amount of such disbursement shall be equal to the
        excess of the strike price over the market price in each given
        week, times the sales of the project for the following week
        (but not more than a total level of disbursements specified in
        the agreement).
            (4) Loan repayments.--The Secretary shall establish terms
        and conditions, including interest rates and amortization
        schedules, for the repayment of such loan within the full term
        of the loan agreement, subject to the following limitations:
                    (A) In any calendar quarter during the primary term
                of the agreement the loan recipient may elect to defer
                some or all of its repayment obligations due in that
                quarter if any new loan disbursements have been made in
                that quarter. Any unpaid obligations will continue to
                accrue interest.
                    (B) If in any calendar quarter during the primary
                term of the agreement the market price is greater than
                the strike price, the loan recipient shall meet its
                scheduled repayment obligation plus deferred repayment
                obligations, but shall not be required to pay in that
                quarter an amount that is more than the excess of the
                market price over the strike price, times the output of
                the project.
                    (C) Unless the Secretary determines otherwise, at
                the end of the primary term of the agreement, the
                cumulative amount of any remaining repayment
                obligations, together with accrued interest, shall be
                amortized (with interest) over the remainder of the
                full term of the agreement.
    (c) Compliance With Federal Credit Reform Act.--Loans under this
section shall be subject to the requirements of the Federal Credit
Reform Act of 1990.

Output:
Clean, Renewable Jet Fuel Act - Directs the Secretary of Agriculture (USDA) to enter into a standby loan agreement with the owners or operators of not more than 10 qualifying jet fuel projects.

Defines "qualifying jet fuel project" as a project located in the United States that produces at least 25 million gallons per year of liquid aviation turbine fuel or blending component that: (1) has at least 50% less lifecycle greenhouse gas emissions than petroleum; (2) is produced from renewable biomass; and (3) meets, or can be blended to produce a fuel that meets, an American Society of Testing and Materials (ASTM) standard for aviation turbine fuels.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Worker Savings Account Act of
2008''.

SEC. 2. WORKER SAVINGS ACCOUNTS.

    (a) In General.--Subpart A of part I of subchapter D of chapter 1
of the Internal Revenue Code of 1986 (relating to pension, profit-
sharing, stock bonus plans, etc.) is amended by inserting after section
408A the following new section:

``SEC. 408B. WORKER SAVINGS ACCOUNTS.

    ``(a) In General.--
            ``(1) Treated in same manner as ira.--Except as provided in
        this section, a worker savings account shall be treated for
        purposes of this title in the same manner as an individual
        retirement plan.
            ``(2) Separate application of rules.--Rules made applicable
        by reason of this paragraph shall be applied separately with
        respect to worker savings accounts and individual retirement
        plans of the individual.
    ``(b) Worker Savings Account.--For purposes of this title, the term
`worker savings account' means an individual retirement plan (as
defined in section 7701(a)(37)) which is designated (in such manner as
the Secretary may prescribe) at the time of establishment of the plan
as a worker savings account.
    ``(c) Contributions.--
            ``(1) Employer contributions.--For purposes of this
        section, the amount in effect under section 219(b)(5)(A), with
        respect to an individual for a taxable year, shall be increased
        by the lesser of--
                    ``(A) $5,000, or
                    ``(B) the amounts contributed for the taxable year
                to the individual's worker savings account by all
                employers of the individual.
            ``(2) Worker savings account refund payment.--Section
        408(a)(1) shall not apply with respect to a payment under
        section 6431.
            ``(3) Contributions after receipt of social security
        benefits.--Except in the case of a rollover contribution
        described in subsection (e)(1), no contributions may be made to
        an individual's worker savings account during calendar years
        beginning after the first month such individual begins
        receiving amounts by reason of entitlement to a monthly benefit
        under title II of the Social Security Act.
    ``(d) Treatment of Distributions.--
            ``(1) In general.--Any amounts distributed from a worker
        savings account shall be included in gross income, unless such
        amount is a qualified unemployment distribution.
            ``(2) Qualified unemployment distribution.--For purposes of
        this section--
                    ``(A) In general.--The term `qualified unemployment
                distribution' means any amount distributed--
                            ``(i) during a period of unemployment of
                        the account beneficiary which is by reason of
                        termination of employment (other than for gross
                        misconduct of the account beneficiary), or
                            ``(ii) not earlier than the first month the
                        account beneficiary receives an amount by
                        reason of entitlement to a monthly benefit
                        under title II of the Social Security Act.
            ``(3) Disability distribution.--Paragraph (1) shall not
        apply to any amount paid or distributed on or after disability
        (within the meaning of section 72(m)(7)) of the account
        beneficiary.
            ``(4) Other distribution rules.--
                    ``(A) Excess contributions; transfer of account
                incident to divorce.--Rules similar to the rules of
                paragraphs (4) through (6) of section 408(d) shall
                apply for purposes of this section.
                    ``(B) No minimum distribution requirement prior to
                death.--Notwithstanding subsections (a)(6) and (b)(6),
                section 401(a)(9) and the incidental death benefit
                requirement of section 401(a) shall not apply for
                purposes of this subsection.
                    ``(C) Treatment after death of account
                beneficiary.--Rules similar to the rules of paragraph
                (8) of section 223(f) shall apply for purposes of this
                section.
    ``(e) Definitions and Special Rules.--For purposes of this
section--
            ``(1) Rollover contributions.--An amount is described in
        this paragraph as a rollover contribution if it meets the
        requirements of clauses (i) and (ii).
                    ``(A) In general.--Paragraph (1) shall not apply to
                any amount paid or distributed from a worker savings
                account to the account holder to the extent--
                            ``(i) the entire amount received is paid
                        into a worker savings account for the benefit
                        of such holder not later than the 60th day
                        after the day on which the holder receives the
                        payment or distribution, or
                            ``(ii) the entire amount received is paid
                        into an eligible retirement plan (as defined in
                        section 408(d)(3)) for the benefit of such
                        holder not later than the 60th day after the
                        day on which the holder receives the payment or
                        distribution, except that the maximum amount
                        which may be paid into such plan may not exceed
                        the portion of the amount received which is
                        includible in gross income (determined without
                        regard to this paragraph).
                    ``(B) Limitation.--This paragraph shall not apply
                to any amount described in paragraph (A) received by an
                individual from a worker savings account if, at any
                time during the 1-year period ending on the day of such
                receipt, such individual received any other amount
                described in subparagraph (A) from a worker savings
                account which was not includible in the individual's
                gross income because of the application of this
                paragraph.
            ``(2) Account beneficiary.--The term `account beneficiary'
        means the individual on whose behalf the worker savings account
        is established.
    ``(f) Inflation Adjustment.--In the case of any taxable year
beginning in a calendar year after 2009, the dollar amount contained in
subsection (c)(1) shall be increased by an amount equal to--
            ``(1) such dollar amount, multiplied by
            ``(2) the cost-of-living adjustment determined under
        section 1(f)(3) for the calendar year in which the taxable year
        begins, determined by substituting `calendar year 2008' for
        `calendar year 1992' in subparagraph (B) thereof.
Any increase determined under the preceding sentence shall be rounded
to the nearest multiple of $100.''.
    (b) Clerical Amendment.--The table of sections for subpart A of
part I of subchapter D of chapter 1 of such Code is amended by
inserting after the item relating to section 408A the following new
item:

``Sec. 408B. Worker savings accounts.''.
    (c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2008.

SEC. 3. PORTION OF SAVER'S CREDIT REFUNDABLE.

    (a) In General.--Section 25B of such Code (relating to elective
deferrals and IRA contributions by certain individuals) is amended by
adding at the end the following new subsection:
    ``(h) Portion of Credit Refundable.--
            ``(1) In general.--The aggregate credits allowed to a
        taxpayer under subpart C shall be increased by the lesser of--
                    ``(A) $1,000, or
                    ``(B) the amount of the credit attributable to
                qualified retirement savings contributions made by the
                individual to worker savings accounts which would be
                allowed under this section (without regard to this
                subsection and the limitation under section 26(a)(2) or
                subsection (g), as the case may be).
The amount of the credit allowed under this subsection shall not be
treated as a credit allowed under this subpart and shall reduce the
amount of credit otherwise allowable under subsection (a) without
regard to section 26(a)(2) or subsection (g), as the case may be.
            ``(2) Limitation.--The amount of the credit allowed under
        this section for any taxable year shall not exceed an amount
        equal to the excess (if any) of--
                    ``(A) $5,000, over
                    ``(B) the aggregate amount of credits allowed under
                this subsection for all prior taxable years.
            ``(3) Inflation adjustment.--In the case of any taxable
        year beginning in a calendar year after 2009, each of the
        dollar amounts contained in paragraphs (1) and (2) shall be
        increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined
                under section 1(f)(3) for the calendar year in which
                the taxable year begins, determined by substituting
                `calendar year 2008' for `calendar year 1992' in
                subparagraph (B) thereof.
        Any increase determined under the preceding sentence shall be
        rounded to the nearest multiple of $100.''.
    (b) Refund Payable to Worker Savings Account.--
            (1) In general.--Subchapter B of chapter 65 of the Internal
        Revenue Code of 1986 is amended by adding at the end the
        following new section:

``SEC. 6431. WORKER SAVINGS ACCOUNT REFUND PAYMENT.

    ``(a) In General.--In the case of a credit allowed to an individual
which is attributable to an increase under section 25B(h), the
Secretary shall pay the amount of such credit into the designated
retirement account of the individual.
    ``(b) Designated Retirement Account.--The term `designated
retirement account' means any worker savings account of the
individual--
            ``(1) which is designated (in such form and manner as the
        Secretary may provide) on the individual's return of tax for
        the taxable year to receive the payment under subsection (a),
        and
            ``(2) which, under the terms of the account, accepts the
        payment described in paragraph (1).''.
            (2) Clerical amendment.--The table of sections for
        subchapter B of chapter 65 of such Code is amended by adding at
        the end the following new item:

``Sec. 6431. Worker savings account refund payment.''.
    (c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2008.

SEC. 4. NO INFERENCE AS TO STATE AND FEDERAL UNEMPLOYMENT COMPENSATION.

    No provision of this Act (including the amendments made thereby)
shall be construed to--
            (1) diminish an employer's obligation to pay any applicable
        State and Federal unemployment taxes (or any other amount
        required under State or Federal law to be paid into an
        unemployment fund), or
            (2) reduce the amount of unemployment compensation (as
        defined in section 85(b) of the Internal Revenue Code of 1986)
        to which an individual is entitled.

Output:
Worker Savings Account Act of 2008 - Amends the Internal Revenue Code to: (1) establish worker savings accounts to make payments to workers during periods of unemployment; (2) treat such accounts in the same manner as individual retirement accounts (IRAs) for tax purposes; (3) allow employer matching contributions to such accounts; (4) make a portion of the tax credit for contributions to retirement accounts (saver's credit) refundable; and (5) require increases in the saver's credit to be paid into a worker savings account.

Provides that no provision of this Act shall be construed to diminish an employer's obligation to pay federal and state unemployment taxes or to reduce the amount of unemployment compensation to which a worker may be entitled.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Senior Elder Care Relief and
Empowerment (SECURE) Act''.

SEC. 2. CREDIT FOR ELDER CARE.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 is amended by inserting after
section 25B the following new section:

``SEC. 25C. ELDER CARE EXPENSES.

    ``(a) Allowance of Credit.--In the case of an individual, there
shall be allowed as a credit against the tax imposed by this chapter 50
percent of so much of the qualified elder care expenses paid or
incurred by the taxpayer with respect to each qualified senior citizen
as exceeds $1,000.
    ``(b) Qualified Senior Citizen.--For purposes of this section, the
term `qualified senior citizen' means an individual--
            ``(1) who has attained normal retirement age (as determined
        under section 216 of the Social Security Act) before the close
        of the taxable year,
            ``(2) who is a chronically ill individual (within the
        meaning of section 7702B(c)(2)(B)), and
            ``(3) who is--
                    ``(A) the taxpayer,
                    ``(B) a family member (within the meaning of
                section 529(e)(2)) of the taxpayer, or
                    ``(C) a dependent (within the meaning of section
                152) of the taxpayer.
    ``(c) Qualified Elder Care Expenses.--For purposes of this
section--
            ``(1) In general.--The term `qualified elder care expenses'
        means expenses paid or incurred by the taxpayer with respect to
        the qualified senior citizen for--
                    ``(A) qualified long-term care services (as defined
                in section 7702B(c)),
                    ``(B) respite care, or
                    ``(C) adult day care.
            ``(2) Exceptions.--The term `qualified elder care expenses'
        does not include--
                    ``(A) any expense to the extent such expense is
                compensated for by insurance or otherwise, and
                    ``(B) any expense paid to a nursing facility (as
                defined in section 1919 of the Social Security Act).
    ``(d) Other Definitions and Special Rules.--
            ``(1) Adult day care.--The term `adult day care' means care
        provided for a qualified senior citizen through a structured,
        community-based group program which provides health, social,
        and other related support services on a less than 16-hour per
        day basis.
            ``(2) Respite care.--The term `respite care' means planned
        or emergency care provided to a qualified senior citizen in
        order to provide temporary relief to a caregiver of such senior
        citizen.
            ``(3) Married individuals.--Rules similar to the rules of
        paragraphs (2), (3), and (4) of section 21(e) shall apply for
        purposes of this section.
            ``(4) No double benefit.--No deduction or other credit
        under this chapter shall take into account any expense taken
        into account for purposes of determining the credit under this
        section.
            ``(5) Identifying information required with respect to
        service provider.--No credit shall be allowed under subsection
        (a) for any amount paid to any person unless--
                    ``(A) the name, address, and taxpayer
                identification number of such person are included on
                the return claiming the credit, or
                    ``(B) if such person is an organization described
                in section 501(c)(3) and exempt from tax under section
                501(a), the name and address of such person are
                included on the return claiming the credit.
        In the case of a failure to provide the information required
        under the preceding sentence, the preceding sentence shall not
        apply if it is shown that the taxpayer exercised due diligence
        in attempting to provide the information so required.
            ``(6) Identifying information required with respect to
        qualified senior citizens.--No credit shall be allowed under
        this section with respect to any qualified senior citizen
        unless the TIN of such senior citizen is included on the return
        claiming the credit.''.
    (b) Conforming Amendments.--
            (1) Section 6213(g)(2)(H) (relating to mathematical or
        clerical error) is amended by inserting ``, section 25C
        (relating to elder care expenses),'' after ``employment)''.
            (2) The table of sections for subpart A of part IV of
        subchapter A of chapter 1 of the Internal Revenue Code of 1986
        is amended by inserting after the item relating to section 25B
        the following new item:

``Sec. 25C. Elder care expenses.''.
    (c) Effective Date.--The amendments made by this section shall
apply to expenses incurred in taxable years beginning after December
31, 2003.

Output: Senior Elder Care Relief and Empowerment (SECURE) Act - Amends the Internal Revenue Code to allow a nonrefundable income tax credit for 50 percent of expenses exceeding $1,000 that are incurred for the care of chronically ill individuals who have attained normal retirement age (as determined under the Social Security Act). Allows the credit for certain long-term care services, respite care, or adult day care, but disqualifies expenses that are compensated by insurance or paid to a nursing facility.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Silent Skies Act of 2015''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) aircraft and airport noise is one of the most common
        ``quality of life'' nuisance issues in neighborhoods throughout
        the United States; and
            (2) the chapter 14 aircraft noise certification standard
        (to be known as stage 5) became applicable to new type design
        aircraft in 2014 pursuant to an agreement signed by the
        International Civil Aviation Organization, of which the United
        States is a member.

SEC. 3. AIRCRAFT NOISE REDUCTION TECHNOLOGY RESEARCH, DEVELOPMENT, AND
              IMPLEMENTATION PARTNERSHIP.

    (a) Cooperative Agreement.--Subchapter I of chapter 475 of title
49, United States Code, is amended by adding at the end the following:
``Sec. 47511. Aircraft noise reduction technology research,
              development, and implementation partnership
    ``(a) In General.--The Administrator of the Federal Aviation
Administration shall enter into a cooperative agreement, using a
competitive process, with an institution, entity, or consortium to
carry out a program for the development, maturing, and certification of
aircraft technology that will assist in-service and in-production civil
turbojets that have noise levels greater than the levels specified in
stage 4 noise standards in complying with such noise standards, as
required under subchapter II of this chapter, or more stringent noise
standards.
    ``(b) Terms and Conditions.--The Administrator may include in a
cooperative agreement entered into under this section terms and
conditions requiring a recipient of funds under the cooperative
agreement--
            ``(1) to conduct activities under the cooperative agreement
        on a cost-shared basis, using Federal and non-Federal funds;
        and
            ``(2) to make repayments to the United States of all or a
        portion of the amounts received by the recipient under the
        cooperative agreement, if an aircraft technology developed
        under the cooperative agreement results in revenues for the
        recipient.
    ``(c) Funding.--Of amounts appropriated under section 48102(a), not
more than $10,000,000 for each of fiscal years 2017, 2018, and 2019 may
be used to carry out this section.
    ``(d) Report.--Beginning in fiscal year 2017, the Administrator
shall publish an annual report on the program established under this
section until completion of the program.''.
    (b) Clerical Amendment.--The analysis for such subchapter is
amended by adding at the end the following:

``47511. Aircraft noise reduction technology research, development, and
                            implementation partnership.''.

SEC. 4. PROHIBITION ON OPERATING CERTAIN AIRCRAFT NOT COMPLYING WITH
              STAGE 4 NOISE LEVELS.

    (a) In General.--Subchapter II of chapter 475 of title 49, United
States Code, is amended by adding at the end the following:
``Sec. 47535. Limitation on operating certain aircraft not complying
              with stage 4 noise levels
    ``(a) Regulations.--Not later than December 31, 2016, the Secretary
of Transportation, in consultation with the International Civil
Aviation Organization, shall issue regulations to establish minimum
standards for civil turbojets to comply with stage 4 noise levels.
    ``(b) General Rule.--The Secretary shall issue regulations to
ensure that, except as provided in section 47529--
            ``(1) 25 percent of the civil turbojets with a maximum
        weight of more than 75,000 pounds operating after December 31,
        2022, to or from airports in the United States comply with the
        stage 4 noise levels established under subsection (a);
            ``(2) 50 percent of such turbojets operating after December
        31, 2027, to or from airports in the United States comply with
        the stage 4 noise levels;
            ``(3) 75 percent of such turbojets operating after December
        31, 2032, to or from airports in the United States comply with
        the stage 4 noise levels; and
            ``(4) 100 percent of such turbojets operating after
        December 31, 2037, to or from airports in the United States
        comply with the stage 4 noise levels.
    ``(c) Foreign-Flag Aircraft.--
            ``(1) International standards.--The Secretary shall request
        the International Civil Aviation Organization to add to its
        Work Programme the consideration of international standards for
        the phase-out of aircraft that do not comply with stage 4 noise
        levels.
            ``(2) Enforcement.--The Secretary shall enforce the
        requirements of this section with respect to foreign-flag
        aircraft only to the extent that such enforcement is consistent
        with United States obligations under international agreements.
    ``(d) Annual Report.--Beginning with calendar year 2020--
            ``(1) each air carrier shall submit to the Secretary an
        annual report on the progress the carrier is making toward
        complying with the requirements of this section and regulations
        issued to carry out this section; and
            ``(2) the Secretary shall submit to Congress an annual
        report on the progress being made toward that compliance.
    ``(e) Recertification Not Required.--
            ``(1) Limitation on statutory construction.--Nothing in
        this section may be construed to require the recertification of
        a civil turbojet that has been retrofitted to comply with or
        otherwise already meets the stage 4 noise levels established
        under subsection (a).
            ``(2) Means of demonstrating compliance with stage 4 noise
        levels.--The Secretary shall specify means for demonstrating
        that an aircraft complies with stage 4 noise levels without
        requiring recertification.''.
    (b) Nonaddition Rule.--
            (1) In general.--Section 47529 of such title is amended--
                    (A) in subsection (a)--
                            (i) in the matter preceding paragraph (1)--
                                    (I) by striking ``subsonic''; and
                                    (II) by striking ``November 4,
                                1990'' and inserting ``December 31,
                                2020'';
                            (ii) in paragraph (1) by striking ``stage
                        3'' and inserting ``stage 4''; and
                            (iii) in paragraph (2) by striking
                        ``November 5, 1990'' and inserting ``January 1,
                        2021'';
                    (B) in subsection (b) by striking ``stage 3'' and
                inserting ``stage 4''; and
                    (C) in subsection (c)(1) by striking ``November 5,
                1990'' and inserting ``January 1, 2021''.
            (2) Effective date.--The amendments made by this subsection
        take effect on December 31, 2020.
    (c) Conforming Amendments.--
            (1) In general.--Chapter 475 of such title is amended--
                    (A) in the chapter analysis--
                            (i) by striking the item relating to
                        section 47530 and inserting the following:

``47530. Nonapplication of certain requirements to aircraft outside the
                            48 contiguous States.'';
                        and
                            (ii) by adding at the end the following:

``47535. Limitation on operating certain aircraft not complying with
                            stage 4 noise levels.'';
                    (B) in section 47530--
                            (i) by striking the section designation and
                        heading and inserting the following:
``Sec. 47530. Nonapplication of certain requirements to aircraft
              outside the 48 contiguous States'';
                            (ii) by striking ``and 47529'' and
                        inserting ``, 47529, and 47535'';
                            (iii) by striking ``subsonic'';
                            (iv) by striking ``November 4, 1990'' and
                        inserting ``December 31, 2020''; and
                            (v) by striking ``stage 3'' and inserting
                        ``stage 4''; and
                    (C) in section 47531 by striking ``or 47534'' and
                inserting ``47534, or 47535''.
            (2) Effective date.--The amendments made by clauses (iii),
        (iv), and (v) of paragraph (1)(B) take effect on December 31,
        2020.

SEC. 5. STANDARDS FOR ISSUANCE OF TYPE CERTIFICATES.

    (a) Applicability of Stage 5 Noise Standards to Civil Turbojets
With a Maximum Weight of More Than 75,000 Pounds.--On and after
December 31, 2017, the Secretary of Transportation may not issue a type
certificate for a civil turbojet with a maximum weight of more than
75,000 pounds unless the person applying for the type certificate
demonstrates that the civil turbojet complies with stage 5 noise
levels.
    (b) Applicability of Stage 5 Noise Standards to All Civil
Turbojets.--On and after December 31, 2020, the Secretary may not issue
a type certificate for any civil turbojet unless the person applying
for the type certificate demonstrates that the civil turbojet complies
with stage 5 noise levels.

Output: Silent Skies Act of 2015  This bill directs the Federal Aviation Administration to enter into a competitive cooperative agreement with an institution, entity, or consortium to carry out a program for the development of aircraft technology that will assist in-service and in-production civil turbojets not meeting stage 4 noise standards to comply with those or more stringent standards. The Department of Transportation (DOT) must: (1) issue regulations to establish minimum standards to ensure that graduated percentages of civil turbojets weighing over 75,000 pounds comply with the stage 4 noise levels by specified dates, and (2) report annually on the progress made by air carriers in complying with such standards. 100% of such turbojets operating after December 31, 2037, must comply with stage 4 levels. DOT shall request the International Civil Aviation Organization to add to its Work Programme the consideration of international standards for the phase-out of aircraft that do not comply with stage 4 noise levels. The requirements of this Act shall not apply to civil turbojet aircraft that operate outside of the 48 contiguous states. DOT may not issue a type certificate for: (1) a civil turbojet with a maximum weight of more than 75,000 pounds on and after December 31, 2017, unless the applicant demonstrates that such turbojet complies with stage 5 noise levels; and (2) any civil turbojet on and after December 31, 2020, unless the applicant demonstrates that such turbojet complies with stage 5 noise levels.


Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Diploma and Accreditation Integrity
Protection Act of 2009''.

SEC. 2. PURPOSE; DEFINITIONS.

    (a) Purpose.--The purpose of this Act is to protect institutions of
higher education, businesses and other employers, professional
licensing boards, patients and clients of degree holders, taxpayers,
and other individuals from any person claiming to possess a legitimate
academic degree that in fact was issued by a fraudulent or nonexistent
school, by a non-educational entity posing as a school, or by any
entity in violation of Federal or State law.
    (b) Definitions.--In this Act:
            (1) Accreditation mill.--The term ``accreditation mill''
        means an education or corporate organization that offers a form
        of educational recognition or accreditation, for a fee or free
        of charge, that--
                    (A) extend a permanent recognition or accreditation
                status to an institution with few or no requirements
                for subsequent periodic reviews;
                    (B) publish a list of institutions and programs
                recognized or accredited by such organization that
                includes institutions and programs that did not apply
                for or otherwise request such recognition or
                accreditation by the organization; or
                    (C) lack national recognition by the Secretary of
                Education or the Council for Higher Education
                Accreditation.
            (2) Degree-granting institution.--The term ``degree-
        granting institution'' means any entity that offers or confers
        an academic, professional, or occupational degree, diploma, or
        certificate, if such degree, diploma, or certificate may be
        used to represent to the general public that the individual
        possessing such degree, diploma, or certificate has completed a
        program of education or training beyond secondary education.
            (3) Diploma mill.--The term ``diploma mill'' means any
        entity that--
                    (A) lacks valid accreditation by an agency
                recognized by a Federal agency, a State government, or
                the Council for Higher Education Accreditation as a
                valid accrediting agency of institutions of higher
                education; and
                    (B) offers degrees, diplomas, or certifications,
                for a fee, that may be used to represent to the general
                public that the individual possessing such a degree,
                diploma, or certification has completed a program of
                education or training beyond secondary education, but
                little or no education or course work is required to
                obtain such a degree, diploma, or certification.
            (4) Institution of higher education.--The term
        ``institution of higher education'' has the meaning given such
        term in section 102 of the Higher Education Act of 1965 (20
        U.S.C. 1002).

SEC. 3. ACCREDITING AGENCIES.

    No accrediting agency or association may be considered to be a
reliable authority as to the quality of education or training offered
by a degree-granting institution for any purpose related to
immigration, Federal employment and hiring practices, or for any other
Federal purposes, unless the agency or association is a nationally
recognized accrediting agency or association recognized by the
Secretary of Education pursuant to part H of title IV of the Higher
Education Act of 1965 (20 U.S.C. 1099a et seq.).

SEC. 4. FEDERAL EMPLOYMENT.

    For purposes of applying any civil service law, rule, or regulation
that requires or takes into consideration a degree from an institution
of higher education for purposes of appointment or promotion of, or
improved pay for, a Federal employee, only a degree from a degree-
granting institution that is accredited by a nationally recognized
accrediting agency or association recognized by the Secretary of
Education pursuant to part H of title IV of the Higher Education Act of
1965 (20 U.S.C. 1099a et seq.) shall be acceptable.

SEC. 5. UNFAIR AND DECEPTIVE ACTS AND PRACTICES REGARDING DIPLOMAS AND
              PROFESSIONAL CERTIFICATIONS.

    (a) Conduct Prohibited.--Not later than 180 days after the date of
enactment of this Act, the Federal Trade Commission shall initiate a
rulemaking to define as an unfair and deceptive act or practice under
section 18 of Federal Trade Commission Act (15 U.S.C. 57a) the
following:
            (1) The issuing of a degree, diploma, certificate, or any
        similar document by an entity that is not recognized as a
        legitimate postsecondary degree-granting institution by the
        Secretary of Education, if such degree, diploma, certificate,
        or similar document misrepresents, directly or indirectly, the
        subject matter, substance, or content of the course of study or
        any other material fact concerning the course of study for
        which such degree, diploma, certificate, or similar document
        was awarded.
            (2) The offering or conferring of an academic,
        professional, or occupational degree if the entity offering or
        conferring the degree--
                    (A) is not an institution of higher education; or
                    (B) is not accredited by--
                            (i) a nationally recognized accrediting
                        agency or association recognized by the
                        Secretary of Education pursuant to part H of
                        title IV of the Higher Education Act of 1965
                        (20 U.S.C. 1099a et seq.); or
                            (ii) an accrediting agency or association
                        that is recognized as a legitimate accrediting
                        agency or association for any purpose by any
                        appropriate Federal agency or by the Council
                        for Higher Education Accreditation,
        unless the entity offering or conferring such a degree clearly
        and conspicuously discloses, in all advertising and promotional
        materials that contain a reference to such a degree, that the
        awarding of the degree has not been so authorized or that the
        entity offering or conferring the degree has not been so
        approved or recognized.
            (3) The claiming or asserting in any advertisements or
        promotional material of an entity offering or conferring an
        academic, professional, or occupational degree, that such
        entity has--
                    (A) an accredited status unless it holds
                accreditation from an accrediting agency that is
                recognized by the Secretary of Education or the Council
                for Higher Education Accreditation, or is recognized
                for any purpose by any appropriate Federal agency; or
                    (B) an unaccredited, but approved status that
                misrepresents, directly or indirectly, the nature,
                extent, or credibility of such approval.
            (4) The issuing of any accreditation, including
        institutional, programmatic, or specialized accreditation, to
        any degree-granting institution by any entity that is not
        recognized for accreditation purposes by the Secretary of
        Education, any other appropriate Federal agency, or the Council
        for Higher Education Accreditation.
    (b) Final Rule.--The Commission shall issue final rules under this
section not later than 18 months after the date of enactment of this
Act.
    (c) Reporting Requirement.--
            (1) Federal trade commission.--In administering and
        enforcing the rule required under subsection (a), the Federal
        Trade Commission shall report regularly to the Secretary of
        Education any information regarding entities which the
        Commission knows or suspects to be in violation of such rule.
            (2) Secretary of education.--The Secretary of Education
        shall make available to the general public, in paper and
        electronic forms, the information reported to the Secretary in
        accordance with paragraph (1).

Output:
Diploma and Accreditation Integrity Protection Act of 2009 - Prohibits any accreditor from being considered a reliable authority as to the quality of education or training offered by degree-granting institutions for any purpose related to immigration, federal employment, or any other federal activity, unless the accreditor is recognized by the Secretary of Education.

Considers only a degree from a degree-granting institution that is accredited by such an accreditor to be acceptable in situations when a degree from an institution of higher education (IHE) is required or taken into consideration for the purpose of appointing, promoting, or improving the pay of a federal employee.

Directs the Federal Trade Commission to define as an unfair and deceptive act or practice: (1) certain offerings of academic, professional, or occupational degrees by entities that are not IHEs or are not accredited by an accreditor recognized by the Secretary of Education, any other appropriate federal agency, or the Council for Higher Education Accreditation; or (2) the issuing of any accreditation to a degree-granting institution by an accreditor that lacks such recognition.