The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“TEXT OF AMENDMENTS” mentioning the U.S. Dept of Labor was published in the Senate section on pages S34-S37 on Jan. 23, 2002.
The publication is reproduced in full below:
TEXT OF AMENDMENTS
SA 2698. Mr. DASCHLE (for himself, and Mr. Baucus) proposed an amendment to the bill H.R. 622, to amend the Internal Revenue Code of 1986 to expand the adoption credit, and for other purposes; as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE; ETC.
(a) Short Title.--This Act may be cited as the ``Economic Recovery and Assistance for American Workers Act of 2002''.
(b) References to Internal Revenue Code of 1986.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.
(c) Table of Contents.--
Sec. 1. Short title; etc.
TITLE I--SUPPLEMENTAL REBATE FOR INDIVIDUAL TAXPAYERS
Sec. 101. Supplemental rebate.
TITLE II--TEMPORARY BUSINESS RELIEF
Sec. 201. Special depreciation allowance for certain property.
TITLE III--ASSISTANCE FOR MEDICAID COVERAGE
Sec. 301. Temporary increases of medicaid FMAP.
TITLE IV--TEMPORARY EXTENDED UNEMPLOYMENT BENEFITS
Sec. 401. Short title.
Sec. 402. Federal-State agreements.
Sec. 403. Temporary extended unemployment compensation account.
Sec. 404. Payments to States having agreements under this title.
Sec. 405. Financing provisions.
Sec. 406. Fraud and overpayments.
Sec. 407. Definitions.
Sec. 408. Applicability.
TITLE V--ADDITIONAL PROVISIONS
Sec. 501. No impact on social security trust funds.
Sec. 502. Emergency designation.
TITLE I--SUPPLEMENTAL REBATE FOR INDIVIDUAL TAXPAYERS
SEC. 101. SUPPLEMENTAL REBATE.
(a) In General.--Section 6428 (relating to acceleration of 10 percent income tax rate bracket benefit for 2001) is amended by adding at the end the following new subsection:
``(f) Supplemental Rebate.--
``(1) In general.--Each individual who was an eligible individual for such individual's first taxable year beginning in 2000 and who, before October 16, 2001--
``(A) filed a return of tax imposed by subtitle A for such taxable year, or
``(B) filed a return of income tax with the government of American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, or the Virgin Islands of the United States,shall be treated as having made a payment against the tax imposed by chapter 1 for such first taxable year in an amount equal to the supplemental refund amount for such taxable year.
``(2) Supplemental refund amount.--For purposes of this subsection, the supplemental refund amount is an amount equal to the excess (if any) of--
``(A)(i) $600 in the case of taxpayers to whom section 1(a) applies,
``(ii) $500 in the case of taxpayers to whom section 1(b) applies, and
``(iii) $300 in the case of taxpayers to whom subsections
(c) or (d) of section 1 applies, over
``(B) the amount of any advance refund amount paid to the taxpayer under subsection (e).
``(3) Timing of payments.--In the case of any overpayment attributable to this subsection, the Secretary shall, subject to the provisions of this title, refund or credit such overpayment as rapidly as possible.
``(4) No interest.--No interest shall be allowed on any overpayment attributable to this subsection.
``(5) Special rule for certain nonresidents.--The determination under subsection (c)(2) as to whether an individual who filed a return of tax described in paragraph
(1)(B) is a nonresident alien individual shall, under rules prescribed by the Secretary, be made by reference to the possession or Commonwealth with which the return was filed and not the United States.''.
(b) Technical Correction.--
(1) In general.--Subsection (b) of section 6428 is amended to read as follows:
``(b) Credit Treated as Nonrefundable Personal Credit.--For purposes of this title, the credit allowed under this section shall be treated as a credit allowable under subpart A of part IV of subchapter A of chapter 1.''.
(2) Conforming amendments.--
(A) Subsection (d) of section 6428 is amended to read as follows:
``(d) Coordination with Advance Refunds of Credit.--
``(1) In general.--The amount of credit which would (but for this paragraph) be allowable under this section shall be reduced (but not below zero) by the aggregate refunds and credits made or allowed to the taxpayer under subsection (e). Any failure to so reduce the credit shall be treated as arising out of a mathematical or clerical error and assessed according to section 6213(b)(1).
``(2) Joint returns.--In the case of a refund or credit made or allowed under subsection (e) with respect to a joint return, half of such refund or credit shall be treated as having been made or allowed to each individual filing such return.''.
(B) Paragraph (2) of section 6428(e) is amended to read as follows:
``(2) Advance refund amount.--For purposes of paragraph
(1), the advance refund amount is the amount that would have been allowed as a credit under this section for such first taxable year if--
``(A) this section (other than subsections (b) and (d) and this subsection) had applied to such taxable year, and
``(B) the credit for such taxable year were not allowed to exceed the excess (if any) of--
``(i) the sum of the regular tax liability (as defined in section 26(b)) plus the tax imposed by section 55, over
``(ii) the sum of the credits allowable under part IV of subchapter A of chapter 1 (other than the credits allowable under subpart C thereof, relating to refundable credits).''.
(c) Conforming Amendments.--
(1) Paragraph (1) of section 6428(d), as amended by subsection (b), is amended by striking ``subsection (e)'' and inserting ``subsections (e) and (f)''.
(2) Paragraph (2) of section 6428(d), as amended by subsection (b), is amended by striking ``subsection (e)'' and inserting ``subsection (e) or (f)''.
(3) Paragraph (3) of section 6428(e) is amended by striking
``December 31, 2001'' and inserting ``the date of the enactment of the Economic Recovery and Assistance for American Workers Act of 2001''.
(d) Reporting Requirement.--For purposes of determining the individuals who are eligible for the supplemental rebate under section 6428(f) of the Internal Revenue Code of 1986, the governments of American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the Virgin Islands of the United States shall provide, at such time and in such manner as provided by the Secretary of the Treasury, the names, addresses, and taxpayer identifying numbers (within the meaning of section 6109 of the Internal Revenue Code of 1986) of residents who filed returns of income tax with such governments for 2000.
(e) Effective Dates.--
(1) In general.--Except as provided in paragraph (2), the amendments made by this section shall take effect on the date of the enactment of this Act.
(2) Technicals.--The amendments made by subsection (b) shall take effect as if included in the amendment made by section 101(b)(1) of the Economic Growth and Tax Relief Reconciliation Act of 2001.
TITLE II--TEMPORARY BUSINESS RELIEF PROVISIONS
SEC. 201. SPECIAL DEPRECIATION ALLOWANCE FOR CERTAIN
PROPERTY.
(a) In General.--Section 168 (relating to accelerated cost recovery system) is amended by adding at the end the following new subsection:
``(k) Special Allowance for Certain Property Acquired After September 10, 2001, and Before September 11, 2002.--
``(1) Additional allowance.--In the case of any qualified property--
``(A) the depreciation deduction provided by section 167(a) for the taxable year in which such property is placed in service shall include an allowance equal to 30 percent of the adjusted basis of the qualified property, and
``(B) the adjusted basis of the qualified property shall be reduced by the amount of such deduction before computing the amount otherwise allowable as a depreciation deduction under this chapter for such taxable year and any subsequent taxable year.
``(2) Qualified property.--For purposes of this subsection--
``(A) In general.--The term `qualified property' means property--
``(i)(I) to which this section applies which has an applicable recovery period of 20 years or less or which is water utility property,
``(II) which is computer software (as defined in section 167(f)(1)(B)) for which a deduction is allowable under section 167(a) without regard to this subsection,
``(III) which is qualified leasehold improvement property, or
``(IV) which is eligible for depreciation under section 167(g),
``(ii) the original use of which commences with the taxpayer after September 10, 2001,
``(iii) which is--
``(I) acquired by the taxpayer after September 10, 2001, and before September 11, 2002, but only if no written binding contract for the acquisition was in effect before September 11, 2001, or
``(II) acquired by the taxpayer pursuant to a written binding contract which was entered into after September 10, 2001, and before September 11, 2002, and
``(iv) which is placed in service by the taxpayer before January 1, 2003.
``(B) Exceptions.--
``(i) Alternative depreciation property.--The term
`qualified property' shall not include any property to which the alternative depreciation system under subsection (g) applies, determined--
``(I) without regard to paragraph (7) of subsection (g)
(relating to election to have system apply), and
``(II) after application of section 280F(b) (relating to listed property with limited business use).
``(ii) Election out.--If a taxpayer makes an election under this clause with respect to any class of property for any taxable year, this subsection shall not apply to all property in such class placed in service during such taxable year.
``(C) Special rules.--
``(i) Self-constructed property.--In the case of a taxpayer manufacturing, constructing, or producing property for the taxpayer's own use, the requirements of clause (iii) of subparagraph (A) shall be treated as met if the taxpayer begins manufacturing, constructing, or producing the property after September 10, 2001, and before September 11, 2002.
``(ii) Sale-leasebacks.--For purposes of subparagraph
(A)(ii), if property--
``(I) is originally placed in service after September 10, 2001, by a person, and
``(II) sold and leased back by such person within 3 months after the date such property was originally placed in service,
such property shall be treated as originally placed in service not earlier than the date on which such property is used under the leaseback referred to in subclause (II).
``(D) Coordination with section 280f.--For purposes of section 280F--
``(i) Automobiles.--In the case of a passenger automobile
(as defined in section 280F(d)(5)) which is qualified property, the Secretary shall increase the limitation under section 280F(a)(1)(A)(i) by $1,600.
``(ii) Listed property.--The deduction allowable under paragraph (1) shall be taken into account in computing any recapture amount under section 280F(b)(2).
``(3) Qualified leasehold improvement property.--For purposes of this subsection--
``(A) In general.--The term `qualified leasehold improvement property' means any improvement to an interior portion of a building which is nonresidential real property if--
``(i) such improvement is made under or pursuant to a lease
(as defined in subsection (h)(7))--
``(I) by the lessee (or any sublessee) of such portion, or
``(II) by the lessor of such portion,
``(ii) such portion is to be occupied exclusively by the lessee (or any sublessee) of such portion, and
``(iii) such improvement is placed in service more than 3 years after the date the building was first placed in service.
``(B) Certain improvements not included.--Such term shall not include any improvement for which the expenditure is attributable to--
``(i) the enlargement of the building,
``(ii) any elevator or escalator,
``(iii) any structural component benefiting a common area, and
``(iv) the internal structural framework of the building.
``(C) Definitions and special rules.--For purposes of this paragraph--
``(i) Binding commitment to lease treated as lease.--A binding commitment to enter into a lease shall be treated as a lease, and the parties to such commitment shall be treated as lessor and lessee, respectively.
``(ii) Related persons.--A lease between related persons shall not be considered a lease. For purposes of the preceding sentence, the term `related persons' means--
``(I) members of an affiliated group (as defined in section 1504), and
``(II) persons having a relationship described in subsection (b) of section 267; except that, for purposes of this clause, the phrase `80 percent or more' shall be substituted for the phrase `more than 50 percent' each place it appears in such subsection.
``(D) Improvements made by lessor.--In the case of an improvement made by the person who was the lessor of such improvement when such improvement was placed in service, such improvement shall be qualified leasehold improvement property
(if at all) only so long as such improvement is held by such person. If property ceases to be qualified leasehold improvement property, the remaining basis of such property shall be depreciated under this section over 39 years.''.
(b) Allowance Against Alternative Minimum Tax.--
(1) In general.--Section 56(a)(1)(A) (relating to depreciation adjustment for alternative minimum tax) is amended by adding at the end the following new clause:
``(iii) Additional allowance for certain property acquired after september 10, 2001, and before september 11, 2002.--The deduction under section 168(k) shall be allowed.''.
(2) Conforming amendment.--Clause (i) of section 56(a)(1)(A) is amended by striking ``clause (ii)'' both places it appears and inserting ``clauses (ii) and (iii)''.
(c) Effective Date.--The amendments made by this section shall apply to property placed in service after September 10, 2001, in taxable years ending after such date.
TITLE III--ASSISTANCE FOR MEDICAID COVERAGE
SEC. 301. TEMPORARY INCREASES OF MEDICAID FMAP.
(a) Permitting Maintenance of Fiscal Year 2001 FMAP For Last 3 Calendar Quarters of Fiscal Year 2002.--Notwithstanding any other provision of law, but subject to subsection (e), if the FMAP determined without regard to this section for a State for fiscal year 2002 is less than the FMAP as so determined for fiscal year 2001, the FMAP for the State for fiscal year 2001 shall be substituted for the State's FMAP for the second, third, and fourth calendar quarters in fiscal year 2002, before the application of this section.
(b) Permitting Maintenance of Fiscal Year 2002 FMAP For First Calendar Quarter of Fiscal Year 2003.--Notwithstanding any other provision of law, but subject to subsection (e), if the FMAP determined without regard to this section for a State for fiscal year 2003 is less than the FMAP as so determined for fiscal year 2002, the FMAP for the State for fiscal year 2002 shall be substituted for the State's FMAP for the first calendar quarter in fiscal year 2003, before the application of this section.
(c) General 1.50 Percentage Points Increase for Calendar Year 2002.--Notwithstanding any other provision of law, but subject to subsections (f) and (g), for each State for the second, third, and fourth calendar quarters in fiscal year 2002 and the first calendar quarter of fiscal year 2003, the FMAP (taking into account the application of subsections (a) and (b)) shall be increased by 1.50 percentage points.
(d) Further Increase for States With High Unemployment Rates for Calendar Year 2002.--
(1) In general.--Notwithstanding any other provision of law, but subject to subsections (f) and (g), the FMAP for a high unemployment State for the second, third, and fourth calendar quarters in fiscal year 2002 and the first calendar quarter in fiscal year 2003 (and any subsequent calendar quarter in calendar year 2002 or the first calendar quarter in fiscal year 2003 regardless of whether the State continues to be a high unemployment State for any such calendar quarter) shall be increased (after the application of subsections (a), (b), and (c)) by 1.50 percentage points.
(2) High unemployment state.--
(A) In general.--For purposes of this subsection, a State is a high unemployment State for a calendar quarter if, for any 3 consecutive months beginning on or after June 2001 and ending with the second month before the beginning of the calendar quarter, the State has an average seasonally adjusted unemployment rate that exceeds the average weighted unemployment rate during such period. Such unemployment rates for such months shall be determined based on publications of the Bureau of Labor Statistics of the Department of Labor.
(B) Average weighted unemployment rate defined.--For purposes of subparagraph (A), the ``average weighted unemployment rate'' for a period is--
(i) the sum of the seasonally adjusted number of unemployed civilians in each State and the District of Columbia for the period; divided by
(ii) the sum of the civilian labor force in each State and the District of Columbia for the period.
(e) Increase in Cap on Medicaid Payments To Territories.--Notwithstanding any other provision of law, with respect to the second, third, and fourth calendar quarters fiscal year 2002 and the first calendar quarter in fiscal year 2003, the amounts otherwise determined for Puerto Rico, the Virgin Islands, Guam, the Northern Mariana Islands, and American Samoa under section 1108 of the Social Security Act (42 U.S.C. 1308) shall each be increased by an amount equal to 6 percentage points of such amounts.
(f) Scope of Application.--The increases in the FMAP for a State under this section shall apply only for purposes of title XIX of the Social Security Act and shall not apply with respect to--
(1) disproportionate share hospital payments described in section 1923 of such Act (42 U.S.C. 1396r-4); and
(2) payments under titles IV and XXI of such Act (42 U.S.C. 601 et seq. and 1397aa et seq.).
(g) State Eligibility.--A State is eligible for an increase in its FMAP under subsection (c) or (d) or an increase in a cap amount under subsection (e) only if the eligibility under its State plan under title XIX of the Social Security Act
(including any waiver under such title or under section 1115 of such Act (42 U.S.C. 1315)) is no more restrictive than the eligibility under such plan (or waiver) as in effect on October 1, 2001.
(h) Definitions.--In this section:
(1) FMAP.--The term ``FMAP'' means the Federal medical assistance percentage, as defined in section 1905(b) of the Social Security Act (42 U.S.C. 1396d(b)).
(2) State.--The term ``State'' has the meaning given such term for purposes of title XIX of the Social Security Act (42 U.S.C. 1396 et seq.).
TITLE IV--TEMPORARY EXTENDED UNEMPLOYMENT BENEFITS
SEC. 401. SHORT TITLE.
This title may be cited as the ``Temporary Extended Unemployment Compensation Act of 2002''.
SEC. 402. FEDERAL-STATE AGREEMENTS.
(a) In General.--Any State which desires to do so may enter into and participate in an agreement under this title with the Secretary of Labor (in this title referred to as the
``Secretary''). Any State which is a party to an agreement under this title may, upon providing 30 days written notice to the Secretary, terminate such agreement.
(b) Provisions of Agreement.--Any agreement under subsection (a) shall provide that the State agency of the State will make payments of temporary extended unemployment compensation to individuals--
(1) who--
(A) first exhausted all rights to regular compensation under the State law on or after the first day of the week that includes September 11, 2001; or
(B) have their 26th week of regular compensation under the State law end on or after the first day of the week that includes September 11, 2001;
(2) who do not have any rights to regular compensation under the State law of any other State; and
(3) who are not receiving compensation under the unemployment compensation law of any other country.
(c) Coordination Rules.--
(1) Temporary extended unemployment compensation to serve as second-tier benefits.--Notwithstanding any other provision of law, neither regular compensation, extended compensation, nor additional compensation under any Federal or State law shall be payable to any individual for any week for which temporary extended unemployment compensation is payable to such individual.
(2) Treatment of other unemployment compensation.--After the date on which a State enters into an agreement under this title, any regular compensation in excess of 26 weeks, any extended compensation, and any additional compensation under any Federal or State law shall be payable to an individual in accordance with the State law after such individual has exhausted any rights to temporary extended unemployment compensation under the agreement.
(d) Exhaustion of Benefits.--For purposes of subsection
(b)(1)(A), an individual shall be deemed to have exhausted such individual's rights to regular compensation under a State law when--
(1) no payments of regular compensation can be made under such law because the individual has received all regular compensation available to the individual based on employment or wages during the individual's base period; or
(2) the individual's rights to such compensation have been terminated by reason of the expiration of the benefit year with respect to which such rights existed.
(e) Weekly Benefit Amount, Terms and Conditions, Etc. Relating to Temporary Extended Unemployment Compensation.--For purposes of any agreement under this title--
(1) the amount of temporary extended unemployment compensation which shall be payable to an individual for any week of total unemployment shall be equal to the amount of regular compensation (including dependents' allowances) payable to such individual under the State law for a week for total unemployment during such individual's benefit year;
(2) the terms and conditions of the State law which apply to claims for regular compensation and to the payment thereof shall apply to claims for temporary extended unemployment compensation and the payment thereof, except where inconsistent with the provisions of this title or with the regulations or operating instructions of the Secretary promulgated to carry out this title; and
(3) the maximum amount of temporary extended unemployment compensation payable to any individual for whom a temporary extended unemployment compensation account is established under section 403 shall not exceed the amount established in such account for such individual.
SEC. 403. TEMPORARY EXTENDED UNEMPLOYMENT COMPENSATION
ACCOUNT.
(a) In General.--Any agreement under this title shall provide that the State will establish, for each eligible individual who files an application for temporary extended unemployment compensation, a temporary extended unemployment compensation account.
(b) Amount in Account.--
(1) In general.--The amount established in an account under subsection (a) shall be equal to the greater of--
(A) 50 percent of the total amount of regular compensation
(including dependents' allowances) payable to the individual during the individual's benefit year under such law; or
(B) 13 times the individual's weekly benefit amount.
(2) Weekly benefit amount.--For purposes of paragraph
(1)(B), an individual's weekly benefit amount for any week is an amount equal to the amount of regular compensation
(including dependents' allowances) under the State law payable to the individual for such week for total unemployment.
SEC. 404. PAYMENTS TO STATES HAVING AGREEMENTS UNDER THIS
TITLE.
(a) General Rule.--There shall be paid to each State that has entered into an agreement under this title an amount equal to 100 percent of the temporary extended unemployment compensation paid to individuals by the State pursuant to such agreement.
(b) Determination of Amount.--Sums under subsection (a) payable to any State by reason of such State having an agreement under this title shall be payable, either in advance or by way of reimbursement (as may be determined by the Secretary), in such amounts as the Secretary estimates the State will be entitled to receive under this title for each calendar month, reduced or increased, as the case may be, by any amount by which the Secretary finds that the Secretary's estimates for any prior calendar month were greater or less than the amounts which should have been paid to the State. Such estimates may be made on the basis of such statistical, sampling, or other method as may be agreed upon by the Secretary and the State agency of the State involved.
(c) Administrative Expenses.--There are appropriated out of the employment security administration account (as established by section 901(a) of the Social Security Act (42 U.S.C. 1101(a)) of the Unemployment Trust Fund, without fiscal year limitation, such funds as may be necessary for purposes of assisting States (as provided in title III of the Social Security Act (42 U.S.C. 501 et seq.)) in meeting the costs of administration of agreements under this title.
SEC. 405. FINANCING PROVISIONS.
(a) In General.--Funds in the extended unemployment compensation account (as established by section 905(a) of the Social Security Act (42 U.S.C. 1105(a))), and the Federal unemployment account (as established by section 904(g) of such Act (42 U.S.C. 1104(g))), of the Unemployment Trust Fund
(as established by section 904(a) of such Act (42 U.S.C. 1104(a))) shall be used, in accordance with subsection (b), for the making of payments (described in section 404(a)) to States having agreements entered into under this title.
(b) Certification.--The Secretary shall from time to time certify to the Secretary of the Treasury for payment to each State the sums described in section 404(a) which are payable to such State under this title. The Secretary of the Treasury, prior to audit or settlement by the General Accounting Office, shall make payments to the State in accordance with such certification by transfers from the extended unemployment compensation account, as so established
(or, to the extent that there are insufficient funds in that account, from the Federal unemployment account, as so established) to the account of such State in the Unemployment Trust Fund (as so established).
SEC. 406. FRAUD AND OVERPAYMENTS.
(a) In General.--If an individual knowingly has made, or caused to be made by another, a false statement or representation of a material fact, or knowingly has failed, or caused another to fail, to disclose a material fact, and as a result of such false statement or representation or of such nondisclosure such individual has received any temporary extended unemployment compensation under this title to which such individual was not entitled, such individual--
(1) shall be ineligible for any further benefits under this title in accordance with the provisions of the applicable State unemployment compensation law relating to fraud in connection with a claim for unemployment compensation; and
(2) shall be subject to prosecution under section 1001 of title 18, United States Code.
(b) Repayment.--In the case of individuals who have received any temporary extended unemployment compensation under this title to which such individuals were not entitled, the State shall require such individuals to repay those benefits to the State agency, except that the State agency may waive such repayment if it determines that--
(1) the payment of such benefits was without fault on the part of any such individual; and
(2) such repayment would be contrary to equity and good conscience.
(c) Recovery by State Agency.--
(1) In general.--The State agency may recover the amount to be repaid, or any part thereof, by deductions from any regular compensation or temporary extended unemployment compensation payable to such individual under this title or from any unemployment compensation payable to such individual under any Federal unemployment compensation law administered by the State agency or under any other Federal law administered by the State agency which provides for the payment of any assistance or allowance with respect to any week of unemployment, during the 3-year period after the date such individuals received the payment of the temporary extended unemployment compensation to which such individuals were not entitled, except that no single deduction may exceed 50 percent of the weekly benefit amount from which such deduction is made.
(2) Opportunity for hearing.--No repayment shall be required, and no deduction shall be made, until a determination has been made, notice thereof and an opportunity for a fair hearing has been given to the individual, and the determination has become final.
(d) Review.--Any determination by a State agency under this section shall be subject to review in the same manner and to the same extent as determinations under the State unemployment compensation law, and only in that manner and to that extent.
SEC. 407. DEFINITIONS.
In this title, the terms ``compensation'', ``regular compensation'', ``extended compensation'', ``additional compensation'', ``benefit year'', ``base period'', ``State'',
``State agency'', ``State law'', and ``week'' have the respective meanings given such terms under section 205 of the Federal-State Extended Unemployment Compensation Act of 1970
(26 U.S.C. 3304 note).
SEC. 408. APPLICABILITY.
An agreement entered into under this title shall apply to weeks of unemployment--
(1) beginning after the date on which such agreement is entered into; and
(2) ending before January 6, 2003.
TITLE V--ADDITIONAL PROVISIONS
SEC. 501. NO IMPACT ON SOCIAL SECURITY TRUST FUND.
(a) In General.--Nothing in this Act (or an amendment made by this Act) shall be construed to alter or amend title II of the Social Security Act (or any regulation promulgated under that Act).
(b) Transfers.--
(1) Estimate of secretary.--The Secretary of the Treasury shall annually estimate the impact that the enactment of this Act has on the income and balances of the trust funds established under section 201 of the Social Security Act (42 U.S.C. 401).
(2) Transfer of funds.--If, under paragraph (1), the Secretary of the Treasury estimates that the enactment of this Act has a negative impact on the income and balances of the trust funds established under section 201 of the Social Security Act (42 U.S.C. 401), the Secretary shall transfer, not less frequently than quarterly, from the general revenues of the Federal Government an amount sufficient so as to ensure that the income and balances of such trust funds are not reduced as a result of the enactment of this Act.
SEC. 502. EMERGENCY DESIGNATION.
Congress designates as emergency requirements pursuant to section 252(e) of the Balanced Budget and Emergency Deficit Control Act of 1985 the following amounts:
(1) An amount equal to the amount by which revenues are reduced by this Act below the recommended levels of Federal revenues for fiscal year 2002, the total of fiscal years 2002 through 2006, and the total of fiscal years 2002 through 2011, provided in the conference report accompanying H. Con. Res. 83, the concurrent resolution on the budget for fiscal year 2002.
(2) Amounts equal to the amounts of new budget authority and outlays provided in this Act in excess of the allocations under section 302(a) of the Congressional Budget Act of 1974 to the Committee on Finance of the Senate for fiscal year 2002, the total of fiscal years 2002 through 2006, and the total of fiscal years 2002 through 2011.
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