Here the focus is on Title II which passed the Senate but not the House
Tied to the Title I text which passed both House and Senate.
Many of you have been discussing this so if you don't find it too long... I thought you might like to have the text of the Bill to inform your discussion.
Text: H.R.1314 — 114th Congress (2015-2016)
In the Senate of the United States,
May 22, 2015.
Resolved, That the bill from the House of Representatives (H.R. 1314) entitled “An Act to amend the Internal Revenue Code of 1986 to provide for a right to an administrative appeal relating to adverse determinations of tax-exempt status of certain organizations.”, do pass with the following
AMENDMENT:
Strike all after the enacting clause and insert the following:
SECTION 1. Short title; table of contents.
(a) Short title.—This Act may be cited as the “Trade Act of 2015”.
(b) Table of contents.—The table of contents for this Act is as follows:
The changes from 1974 as in effect on December 31, 2013, are small but important to be aware of, short but not too sweet.
TITLE II—EXTENSION OF TRADE ADJUSTMENT ASSISTANCE
Sec. 201. Short title.
This title may be cited as the
“Trade Adjustment Assistance Reauthorization Act of 2015”.
Sec. 202. Application of provisions relating to trade adjustment assistance.
(a) Repeal of snapback.—Section 233 of the Trade Adjustment Assistance Extension Act of 2011 (Public Law 112–40; 125 Stat. 416) is repealed.
(b) Applicability of certain provisions.—Except as otherwise provided in this title, the provisions of chapters 2 through 6 of title II of the Trade Act of 1974, as in effect on December 31, 2013, and as amended by this title, shall—
(1) take effect on the date of the enactment of this Act; and
(2) apply to petitions for certification filed under chapter 2, 3, or 6 of title II of the Trade Act of 1974 on or after such date of enactment.
(c) References.—Except as otherwise provided in this title, whenever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a provision of chapters 2 through 6 of title II of the Trade Act of 1974, the reference shall be considered to be made to a provision of any such chapter, as in effect on December 31, 2013.
Sec. 203. Extension of trade adjustment assistance program.
(a) Extension of termination provisions.—Section 285 of the Trade Act of 1974 (19 U.S.C. 2271 note) is amended by striking “December 31, 2013” each place it appears and inserting “June 30, 2021”.
(b) Training funds.—Section 236(a)(2)(A) of the Trade Act of 1974 (19 U.S.C. 2296(a)(2)(A)) is amended by striking “shall not exceed” and all that follows and inserting “shall not exceed $450,000,000 for each of fiscal years 2015 through 2021.”.
(c) Reemployment trade adjustment assistance.—Section 246(b)(1) of the Trade Act of 1974 (19 U.S.C. 2318(b)(1)) is amended by striking “December 31, 2013” and inserting “June 30, 2021”.
(d) Authorizations of appropriations.—
(1) TRADE ADJUSTMENT ASSISTANCE FOR WORKERS.—Section 245(a) of the Trade Act of 1974 (19 U.S.C. 2317(a)) is amended by striking “December 31, 2013” and inserting “June 30, 2021”.
(2) TRADE ADJUSTMENT ASSISTANCE FOR FIRMS.—Section 255(a) of the Trade Act of 1974 (19 U.S.C. 2345(a)) is amended by striking “fiscal years 2012 and 2013” and all that follows through “December 31, 2013” and inserting “fiscal years 2015 through 2021”.
(3) TRADE ADJUSTMENT ASSISTANCE FOR FARMERS.—Section 298(a) of the Trade Act of 1974 (19 U.S.C. 2401g(a)) is amended by striking “fiscal years 2012 and 2013” and all that follows through “December 31, 2013” and inserting “fiscal years 2015 through 2021”.
Sec. 204. Performance measurement and reporting.
Sec. 205. Applicability of trade adjustment assistance provisions.
Sec. 206. Sunset provisions.
Sec. 207. Extension and modification of Health Coverage Tax Credit.
Sec. 208. Customs user fees.
(a) In general.—Section 13031(j)(3) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)) is amended—
(1) in subparagraph (B)(i), by striking “September 30, 2024” and inserting “September 30, 2025”; and
(2) by adding at the end the following:
“(D) Fees may be charged under paragraphs (9) and (10) of subsection (a) during the period beginning on July 29, 2025, and ending on September 30, 2025.”.
(b) Rate for merchandise processing fees.—Section 503 of the United States–Korea Free Trade Agreement Implementation Act (Public Law 112–41; 125 Stat. 460) is amended by adding at the end the following:
“(c) Further additional period.—For the period beginning on July 15, 2025, and ending on September 30, 2025, section 13031(a)(9) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(a)(9)) shall be applied and administered—
“(1) in subparagraph (A), by substituting ‘0.3464’ for ‘0.21’; and
“(2) in subparagraph (B)(i), by substituting ‘0.3464’ for ‘0.21’.”.
Sec. 209. Child tax credit not refundable for taxpayers electing to exclude foreign earned income from tax.
(a) In general.—Section 24(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(5) EXCEPTION FOR TAXPAYERS EXCLUDING FOREIGN EARNED INCOME.—Paragraph (1) shall not apply to any taxpayer for any taxable year if such taxpayer elects to exclude any amount from gross income under section 911 for such taxable year.”.
(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2014.
Sec. 210. Time for payment of corporate estimated taxes.
Notwithstanding section 6655 of the Internal Revenue Code of 1986, in the case of a corporation with assets of not less than $1,000,000,000 (determined as of the end of the preceding taxable year)—
(1) the amount of any required installment of corporate estimated tax which is otherwise due in July, August, or September of 2020 shall be increased by 2.75 percent of such amount (determined without regard to any increase in such amount not contained in such Code); and
(2) the amount of the next required installment after an installment referred to in paragraph (1) shall be appropriately reduced to reflect the amount of the increase by reason of such paragraph.
Sec. 211. Coverage and payment for renal dialysis services for individuals with acute kidney injury.
(a) Coverage.—Section 1861(s)(2)(F) of the Social Security Act (42 U.S.C. 1395x(s)(2)(F)) is amended by inserting before the semicolon the following: “, including such renal dialysis services furnished on or after January 1, 2017, by a renal dialysis facility or provider of services paid under section 1881(b)(14) to an individual with acute kidney injury (as defined in section 1834(r)(2))”.
(b) Payment.—Section 1834 of the Social Security Act (42 U.S.C. 1395m) is amended by adding at the end the following new subsection:
“(r) Payment for renal dialysis services for individuals with acute kidney injury.—
“(1) PAYMENT RATE.—In the case of renal dialysis services (as defined in subparagraph (B) of section 1881(b)(14)) furnished under this part by a renal dialysis facility or provider of services paid under such section during a year (beginning with 2017) to an individual with acute kidney injury (as defined in paragraph (2)), the amount of payment under this part for such services shall be the base rate for renal dialysis services determined for such year under such section, as adjusted by any applicable geographic adjustment factor applied under subparagraph (D)(iv)(II) of such section and may be adjusted by the Secretary (on a budget neutral basis for payments under this paragraph) by any other adjustment factor under subparagraph (D) of such section.
“(2) INDIVIDUAL WITH ACUTE KIDNEY INJURY DEFINED.—In this subsection, the term ‘individual with acute kidney injury’ means an individual who has acute loss of renal function and does not receive renal dialysis services for which payment is made under section 1881(b)(14).”. '
Sec. 212. Modification of the Medicare sequester for fiscal year 2024.
Section 251A(6)(D)(ii) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901a(6)(D)(ii)) is amended by striking “0.0 percent” and inserting “0.25 percent”.
Attest:
Secretary
114th CONGRESS
1st Session
H.R. 1314