3.0.0 4321 2022-11-01T13:50:01Z 2022-11-01T13:50:01Z House HR 2019-09-12 116 [Congressional Record Volume 165, Number 146 (Thursday, September 12, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RYAN:H.R. 4321.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8: To make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H7706]]]> hsif00 Energy and Commerce Committee House Standing hsif18 Environment, Manufacturing, and Critical Materials Subcommittee Referred to 2019-09-13T16:11:23Z Referred to 2019-09-12T04:00:10Z hswm00 Ways and Means Committee House Standing Referred to 2019-09-12T04:00:20Z hsba00 Financial Services Committee House Standing Referred to 2019-09-12T04:00:15Z Carried Interest Fairness Act of 2019 116 781 S 2019-03-13 Read twice and referred to the Committee on Finance. Related bill CRS Carried Interest Fairness Act of 2019 116 1735 HR 2019-03-13 Referred to the House Committee on Ways and Means. Related bill CRS 2019-09-13 hsif18 Environment, Manufacturing, and Critical Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Environment and Climate Change. Committee 2019-09-12 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-09-12 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-09-12 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2019-09-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-09-12 Introduced in House IntroReferral 1000 9 Library of Congress R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 N D000482 Rep. Doyle, Michael F. [D-PA-18] MIKE DOYLE D PA 18 2019-10-11 False B001296 Rep. Boyle, Brendan F. [D-PA-2] Brendan Boyle D PA F. 2 2019-10-16 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2019-10-22 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2019-11-12 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2020-01-08 False B001300 Rep. Barragan, Nanette Diaz [D-CA-44] Nanette Barragan D CA Diaz 44 2020-01-13 False E000179 Rep. Engel, Eliot L. [D-NY-16] ELIOT ENGEL D NY L. 16 2020-01-13 False Housing and Community Development Accounting and auditing Administrative law and regulatory procedures Capital gains tax Civil actions and liability Congressional oversight Consumer affairs Department of Housing and Urban Development Environmental Protection Agency (EPA) Environmental assessment, monitoring, research Financial services and investments Government buildings, facilities, and property Government information and archives Government studies and investigations Hazardous wastes and toxic substances Housing and community development funding Housing finance and home ownership Housing industry and standards Income tax rates Infrastructure development Legal fees and court costs Licensing and registrations Low- and moderate-income housing Performance measurement Public housing Public utilities and utility rates Residential rehabilitation and home repair State and local government operations Tax administration and collection, taxpayers User charges and fees Vocational and technical education Water quality Water use and supply Housing and Community Development 00 2019-09-12 Introduced in House 2020-12-31T14:17:58Z Grants for Eliminating the Toxic Hazard of Environmental Lead in Our Towns Act of 2019 or GET THE LEAD OUT Act of 2019

This bill addresses the reduction of lead-based hazards. It also modifies the tax treatment of carried interest (i.e., compensation that is typically received by a partner of a private equity or hedge fund and is based on a share of the fund's profits) and the estate tax.

With respect to lead-based hazards, the bill allows the Department of Housing and Urban Development (HUD) to provide grants to state and local governments to reduce lead-based pipe hazards in housing. Additionally, HUD must require risk assessments, inspections, interim controls, and abatement of these hazards in federally assisted housing.

HUD and the Environmental Protection Agency (EPA) must require the disclosure of such hazards in housing that is for sale or lease. Persons that fail to disclose such hazards are subject to civil penalties from HUD and may be liable to purchasers or lessees for treble damages.

Additionally, the EPA must ensure that individuals who work with lead-based pipes have proper training and certification. States may enforce and administer such training and certification programs upon receiving EPA approval. The EPA must publish an information pamphlet regarding the health risks and best practices for dealing with lead hazards.

The bill also modifies the tax treatment of carried interest by, for example, requiring it to be included in gross income and taxed as ordinary income, with certain exceptions. Under current law, carried interest is taxed as investment income.

In addition, the bill reduces the estate tax exemption level.

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GET THE LEAD OUT Act of 2019 Display Title GET THE LEAD OUT Act of 2019 Official Title as Introduced To eliminate lead-based pipe and tap hazards in housing, and for other purposes. Introduced in House IH Short Title(s) as Introduced GET THE LEAD OUT Act of 2019 Introduced in House IH Short Title(s) as Introduced Grants for Eliminating the Toxic Hazard of Environmental Lead in Our Towns Act of 2019 Introduced in House IH Introduced in House 2019-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4321ih/xml/BILLS-116hr4321ih.xml 2019-09-13 Referred to the Subcommittee on Environment and Climate Change. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.