THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display   


Final version (Enrolled Bill) as passed by both Houses. There are 5 other versions of this bill.
GPO's PDF DisplayReferences to this bill in the Congressional RecordLink to the Bill Summary & Status file.Printer Friendly Display XML Display
[Help]

H.R.1424

To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy... (Enrolled as Agreed to or Passed by Both House and Senate)

Beginning
DIVISION A--EMERGENCY ECONOMIC STABILIZATION
    SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.
    Sec. 1. Short title and table of contents.
    Sec. 2. Purposes.
    Sec. 3. Definitions.
    Sec. 101. Purchases of troubled assets.
    Sec. 102. Insurance of troubled assets.
    Sec. 103. Considerations.
    Sec. 104. Financial Stability Oversight Board.
    Sec. 105. Reports.
    Sec. 106. Rights; management; sale of troubled assets; revenues and sale proceeds.
    Sec. 107. Contracting procedures.
    Sec. 108. Conflicts of interest.
    Sec. 109. Foreclosure mitigation efforts.
    Sec. 110. Assistance to homeowners.
    Sec. 111. Executive compensation and corporate governance.
    Sec. 112. Coordination with foreign authorities and central banks.
    Sec. 113. Minimization of long-term costs and maximization of benefits for taxpayers.
    Sec. 114. Market transparency.
    Sec. 115. Graduated authorization to purchase.
    Sec. 116. Oversight and audits.
    Sec. 117. Study and report on margin authority.
    Sec. 118. Funding.
    Sec. 119. Judicial review and related matters.
    Sec. 120. Termination of authority.
    Sec. 121. Special Inspector General for the Troubled Asset Relief Program.
    Sec. 122. Increase in statutory limit on the public debt.
    Sec. 123. Credit reform.
    Sec. 124. HOPE for Homeowners amendments.
    Sec. 125. Congressional Oversight Panel.
    Sec. 126. FDIC authority.
    Sec. 127. Cooperation with the FBI.
    Sec. 128. Acceleration of effective date.
    Sec. 129. Disclosures on exercise of loan authority.
    Sec. 130. Technical corrections.
    Sec. 131. Exchange Stabilization Fund reimbursement.
    Sec. 132. Authority to suspend mark-to-market accounting.
    Sec. 133. Study on mark-to-market accounting.
    Sec. 134. Recoupment.
    Sec. 135. Preservation of authority.
    Sec. 136. Temporary increase in deposit and share insurance coverage.
    Sec. 201. Information for congressional support agencies.
    Sec. 202. Reports by the Office of Management and Budget and the Congressional Budget Office.
    Sec. 203. Analysis in President's Budget.
    Sec. 204. Emergency treatment.
    Sec. 301. Gain or loss from sale or exchange of certain preferred stock.
    Sec. 303. Extension of exclusion of income from discharge of qualified principal residence indebtedness.
TITLE I--TROUBLED ASSETS RELIEF PROGRAM
TITLE II--BUDGET-RELATED PROVISIONS
TITLE III--TAX PROVISIONS
DIVISION B--ENERGY IMPROVEMENT AND EXTENSION ACT OF 2008
    Sec. 1. Short title, etc.
    Sec. 101. Renewable energy credit.
    Sec. 102. Production credit for electricity produced from marine renewables.
    Sec. 103. Energy credit.
    Sec. 104. Energy credit for small wind property.
    Sec. 105. Energy credit for geothermal heat pump systems.
    Sec. 106. Credit for residential energy efficient property.
    Sec. 107. New clean renewable energy bonds.
    Sec. 108. Credit for steel industry fuel.
    Sec. 109. Special rule to implement FERC and State electric restructuring policy.
    Sec. 111. Expansion and modification of advanced coal project investment credit.
    Sec. 112. Expansion and modification of coal gasification investment credit.
    Sec. 113. Temporary increase in coal excise tax; funding of Black Lung Disability Trust Fund.
    Sec. 114. Special rules for refund of the coal excise tax to certain coal producers and exporters.
    Sec. 115. Tax credit for carbon dioxide sequestration.
    Sec. 117. Carbon audit of the tax code.
    Sec. 201. Inclusion of cellulosic biofuel in bonus depreciation for biomass ethanol plant property.
    Sec. 202. Credits for biodiesel and renewable diesel.
    Sec. 203. Clarification that credits for fuel are designed to provide an incentive for United States production.
    Sec. 204. Extension and modification of alternative fuel credit.
    Sec. 205. Credit for new qualified plug-in electric drive motor vehicles.
    Sec. 206. Exclusion from heavy truck tax for idling reduction units and advanced insulation.
    Sec. 207. Alternative fuel vehicle refueling property credit.
    Sec. 209. Extension and modification of election to expense certain refineries.
    Sec. 211. Transportation fringe benefit to bicycle commuters.
    Sec. 301. Qualified energy conservation bonds.
    Sec. 302. Credit for nonbusiness energy property.
    Sec. 303. Energy efficient commercial buildings deduction.
    Sec. 304. New energy efficient home credit.
    Sec. 305. Modifications of energy efficient appliance credit for appliances produced after 2007.
    Sec. 306. Accelerated recovery period for depreciation of smart meters and smart grid systems.
    Sec. 307. Qualified green building and sustainable design projects.
    Sec. 308. Special depreciation allowance for certain reuse and recycling property.
    Sec. 401. Limitation of deduction for income attributable to domestic production of oil, gas, or primary products thereof.
    Sec. 403. Broker reporting of customer's basis in securities transactions.
    Sec. 404. 0.2 percent FUTA surtax.
    Sec. 405. Increase and extension of Oil Spill Liability Trust Fund tax.
TITLE I--ENERGY PRODUCTION INCENTIVES
Subtitle A--Renewable Energy Incentives
Subtitle B--Carbon Mitigation and Coal Provisions
TITLE II--TRANSPORTATION AND DOMESTIC FUEL SECURITY PROVISIONS
TITLE III--ENERGY CONSERVATION AND EFFICIENCY PROVISIONS
TITLE IV--REVENUE PROVISIONS
DIVISION C--TAX EXTENDERS AND ALTERNATIVE MINIMUM TAX RELIEF
    Sec. 1. Short title; amendment of 1986 Code; table of contents.
    Sec. 101. Extension of alternative minimum tax relief for nonrefundable personal credits.
    Sec. 102. Extension of increased alternative minimum tax exemption amount.
    Sec. 201. Deduction for State and local sales taxes.
    Sec. 202. Deduction of qualified tuition and related expenses.
    Sec. 203. Deduction for certain expenses of elementary and secondary school teachers.
    Sec. 204. Additional standard deduction for real property taxes for nonitemizers.
    Sec. 205. Tax-free distributions from individual retirement plans for charitable purposes.
    Sec. 206. Treatment of certain dividends of regulated investment companies.
    Sec. 207. Stock in RIC for purposes of determining estates of nonresidents not citizens.
    Sec. 208. Qualified investment entities.
    Sec. 301. Extension and modification of research credit.
    Sec. 302. New markets tax credit.
    Sec. 303. Subpart F exception for active financing income.
    Sec. 304. Extension of look-thru rule for related controlled foreign corporations.
    Sec. 306. Modification of tax treatment of certain payments to controlling exempt organizations.
    Sec. 307. Basis adjustment to stock of S corporations making charitable contributions of property.
    Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
    Sec. 309. Extension of economic development credit for American Samoa.
    Sec. 310. Extension of mine rescue team training credit.
    Sec. 311. Extension of election to expense advanced mine safety equipment.
    Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
    Sec. 313. Qualified zone academy bonds.
    Sec. 314. Indian employment credit.
    Sec. 315. Accelerated depreciation for business property on Indian reservations.
    Sec. 316. Railroad track maintenance.
    Sec. 317. Seven-year cost recovery period for motorsports racing track facility.
    Sec. 318. Expensing of environmental remediation costs.
    Sec. 319. Extension of work opportunity tax credit for Hurricane Katrina employees.
    Sec. 320. Extension of increased rehabilitation credit for structures in the Gulf Opportunity Zone.
    Sec. 321. Enhanced deduction for qualified computer contributions.
    Sec. 322. Tax incentives for investment in the District of Columbia.
    Sec. 323. Enhanced charitable deductions for contributions of food inventory.
    Sec. 324. Extension of enhanced charitable deduction for contributions of book inventory.
    Sec. 325. Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds.
    Sec. 401. Permanent authority for undercover operations.
    Sec. 402. Permanent authority for disclosure of information relating to terrorist activities.
    Sec. 501. $8,500 income threshold used to calculate refundable portion of child tax credit.
    Sec. 502. Provisions related to film and television productions.
    Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children.
    Sec. 504. Income averaging for amounts received in connection with the Exxon Valdez litigation.
    Sec. 505. Certain farming business machinery and equipment treated as 5-year property.
    Sec. 506. Modification of penalty on understatement of taxpayer's liability by tax return preparer.
    Sec. 511. Short title.
    Sec. 512. Mental health parity.
    Sec. 601. Secure rural schools and community self-determination program.
    Sec. 602. Transfer to abandoned mine reclamation fund.
    Sec. 701. Short title.
    Sec. 702. Temporary tax relief for areas damaged by 2008 Midwestern severe storms, tornados, and flooding.
    Sec. 703. Reporting requirements relating to disaster relief contributions.
    Sec. 704. Temporary tax-exempt bond financing and low-income housing tax relief for areas damaged by Hurricane Ike.
    Sec. 706. Losses attributable to federally declared disasters.
    Sec. 707. Expensing of Qualified Disaster Expenses.
    Sec. 708. Net operating losses attributable to federally declared disasters.
    Sec. 709. Waiver of certain mortgage revenue bond requirements following federally declared disasters.
    Sec. 710. Special depreciation allowance for qualified disaster property.
    Sec. 711. Increased expensing for qualified disaster assistance property.
    Sec. 712. Coordination with Heartland disaster relief.
    Sec. 801. Nonqualified deferred compensation from certain tax indifferent parties.
TITLE I--ALTERNATIVE MINIMUM TAX RELIEF
TITLE II--EXTENSION OF INDIVIDUAL TAX PROVISIONS
TITLE III--EXTENSION OF BUSINESS TAX PROVISIONS
TITLE IV--EXTENSION OF TAX ADMINISTRATION PROVISIONS
TITLE V--ADDITIONAL TAX RELIEF AND OTHER TAX PROVISIONS
Subtitle A--General Provisions
Subtitle B--Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008
TITLE VI--OTHER PROVISIONS
`TITLE I--SECURE PAYMENTS FOR STATES AND COUNTIES CONTAINING FEDERAL LAND
`TITLE II--SPECIAL PROJECTS ON FEDERAL LAND
`TITLE III--COUNTY FUNDS
`TITLE IV--MISCELLANEOUS PROVISIONS
TITLE VII--DISASTER RELIEF
Subtitle A--Heartland and Hurricane Ike Disaster Relief
Subtitle B--National Disaster Relief
TITLE VIII--SPENDING REDUCTIONS AND APPROPRIATE REVENUE RAISERS FOR NEW TAX RELIEF POLICY


THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display