<?xml version="1.0"?>
<?xml-stylesheet type="text/xsl" href="billres.xsl"?>
<!DOCTYPE bill PUBLIC "-//US Congress//DTDs/bill.dtd//EN" "bill.dtd">
<bill bill-stage="Introduced-in-Senate" public-private="public">
	<form>
		<distribution-code display="yes">II</distribution-code>
		<congress>112th CONGRESS</congress>
		<session>1st Session</session>
		<legis-num>S. 178</legis-num>
		<current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber>
		<action>
			<action-date date="20110125" legis-day="20110105">January 25
			 (legislative day, January 5), 2011</action-date>
			<action-desc><sponsor name-id="S302">Mr. DeMint</sponsor> introduced
			 the following bill; which was read twice and referred to the
			 <committee-name committee-id="SSFI00">Committee on
			 Finance</committee-name></action-desc>
		</action>
		<legis-type>A BILL</legis-type>
		<official-title>To reduce Federal spending by $2.5 trillion through
		  fiscal year 2021.</official-title>
	</form>
	<legis-body id="HA822657ED32441148259D7C24A2185F8" style="OLC">
		<section id="HE76FD5E3ADC2472D98B798EF48FF47CC" section-type="section-one"><enum>1.</enum><header>Short title; table of
			 contents</header>
			<subsection id="H17B1AFAB23424212A25ADCC1C450E4E6"><enum>(a)</enum><header>Short
			 title</header><text display-inline="yes-display-inline">This Act may be cited
			 as the <quote><short-title>Spending Reduction Act of
			 2011</short-title></quote>.</text>
			</subsection><subsection id="H6978516B4CFA482E832DF6F73FBAB1DB"><enum>(b)</enum><header>Table of
			 contents</header><text>The table of contents for this Act is as follows:</text>
				<toc container-level="legis-body-container" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
					<toc-entry idref="HE76FD5E3ADC2472D98B798EF48FF47CC" level="section">Sec. 1. Short title; table of contents.</toc-entry>
					<toc-entry idref="H2D20D1AA9FCC4CBFA80BA23DA44F2CB0" level="title">Title I—Spending reductions under Continuing Appropriations Act,
				2011</toc-entry>
					<toc-entry idref="H30388AAD686E43EE97998100B45DEFC5" level="section">Sec. 101. Reduction of nonsecurity discretionary spending to
				fiscal year 2008 level.</toc-entry>
					<toc-entry idref="HE64242B6549D421BA1AA7892CCB11A68" level="title">Title II—Changes in the baseline; discretionary spending limits
				for nondefense spending</toc-entry>
					<toc-entry idref="H1D12751F2F32491E8038F2B3192C142D" level="subtitle">Subtitle A—Elimination of automatic increases for
				inflation</toc-entry>
					<toc-entry idref="H4E6E65116FDB48D8B0D6957890EC3E12" level="section">Sec. 201. Changes in the baseline.</toc-entry>
					<toc-entry idref="H6BED31193CB74C29BA13E7BEC15E3C08" level="section">Sec. 202. Extension.</toc-entry>
					<toc-entry idref="HBAA38A7C499247D2925794B012BA1FF0" level="subtitle">Subtitle B—Discretionary spending limits for nondefense
				spending</toc-entry>
					<toc-entry idref="H37EF0CB39A1947599C948853E5BEF845" level="section">Sec. 211. Extension of discretionary spending limits for
				nondefense spending.</toc-entry>
					<toc-entry idref="HBB47F675ED904D63862FD423865446A4" level="section">Sec. 212. Enforcement.</toc-entry>
					<toc-entry idref="H0E73B236F59A4EF4BC71686FF825B138" level="section">Sec. 213. Reports.</toc-entry>
					<toc-entry idref="H1D74124E8A514AE1B44A5251FF24E4AD" level="section">Sec. 214. Expiration.</toc-entry>
					<toc-entry idref="H1A31898CDCB24ED9B0FEA3F0104C60D9" level="title">Title III—Rescission of unobligated stimulus funds and repeal of
				certain stimulus provisions</toc-entry>
					<toc-entry idref="HE4F515C8582741CC91988221D54D81E3" level="section">Sec. 301. Rescission of unobligated stimulus funds.</toc-entry>
					<toc-entry idref="H0B819B40BD4B417AAFE379031E4CE39F" level="section">Sec. 302. Repeal of certain stimulus provisions.</toc-entry>
					<toc-entry idref="H83CD749CC7F14175B9A7752D596503CD" level="title">Title IV—Provisions relating to Federal civilian
				workforce</toc-entry>
					<toc-entry idref="H401FF4550E9E41D0A36EDF9AF37183F0" level="section">Sec. 401. Extension of Federal employee pay freeze.</toc-entry>
					<toc-entry idref="H65D469D73EE649C496B82BF5E594C971" level="section">Sec. 402. Limitation on the number of civilian employees in the
				executive branch.</toc-entry>
					<toc-entry idref="H69F0138C8CE14CF989782B53480B4975" level="section">Sec. 403. Ineligibility of persons having seriously delinquent
				tax debts for Federal employment.</toc-entry>
					<toc-entry idref="HCFCCD302D0394CA28D08760C438B4F22" level="section">Sec. 404. Repeal of certain provisions relating to official
				time for Federal employees.</toc-entry>
					<toc-entry idref="H97315655B3B346E8ABB7203F7FE0121C" level="title">Title V—Program eliminations and related provisions</toc-entry>
					<toc-entry idref="HACD448ED532F47509B582C965253C71B" level="subtitle">Subtitle A—Provisions relating to program
				eliminations</toc-entry>
					<toc-entry idref="HD836EEAE785043D9AFFF2BE924083BE4" level="section">Sec. 501. Program eliminations.</toc-entry>
					<toc-entry idref="HC8B41B00F87646FFA0D07EFAA23EF758" level="section">Sec. 502. Repeal of national organic certification cost-share
				program.</toc-entry>
					<toc-entry idref="H0576732066934FC5A3FE596CF1BDBE46" level="section">Sec. 503. Prohibiting unauthorized payments to District of
				Columbia.</toc-entry>
					<toc-entry idref="H1732089F07DD4740876EDBCF1292CE8A" level="section">Sec. 504. Prohibiting payment of gratuities to survivors of
				Members of Congress.</toc-entry>
					<toc-entry idref="H799D1438F77748F29589BABF6EBAD84F" level="section">Sec. 505. Davis-Bacon Repeal Act.</toc-entry>
					<toc-entry idref="H324234224D9E451A8D67FCED3A82675C" level="section">Sec. 506. Priorities in Education Spending Act.</toc-entry>
					<toc-entry idref="H38B8C33BBBDF4F71B561B34EAC434D76" level="section">Sec. 507. Repeal of temporary increase of Medicaid
				FMAP.</toc-entry>
					<toc-entry idref="HF9FBA67CDBCB4D8EA547BB46E8C7E650" level="section">Sec. 508. Moratorium on construction or leasing of new Federal
				buildings in District of Columbia until January 2013.</toc-entry>
					<toc-entry idref="HE3393EDEAFE74B4D9A4431C2E825B013" level="subtitle">Subtitle B—Elimination of Presidential Election Campaign
				Fund</toc-entry>
					<toc-entry idref="H05E3468C273A4E1596B71E856125D5FC" level="section">Sec. 511. Termination of taxpayer financing of Presidential
				election campaigns.</toc-entry>
					<toc-entry idref="H6F452DF6CDA64CD6987627895C62AD7E" level="subtitle">Subtitle C—Repeal of sugar price support and other
				programs</toc-entry>
					<toc-entry idref="H8AF04777B9D6419382BE22B9A1B52207" level="section">Sec. 521. Repeal of sugar price support program and marketing
				allotments for sugar.</toc-entry>
					<toc-entry idref="H8B161184ED314CB7AA38E45C6368E661" level="section">Sec. 522. Repeal of market access program.</toc-entry>
					<toc-entry idref="H206611DA82D9465280C9DA994FC37C5A" level="section">Sec. 523. Termination of availability of marketing assistance
				loans and loan deficiency payments for mohair producers.</toc-entry>
					<toc-entry idref="H37A94DD4AB774193A559FA7BB7C8AEB5" level="subtitle">Subtitle D—Federal Real Property Disposal Pilot
				Program</toc-entry>
					<toc-entry idref="H0D0EBD398E80477084382CA455A8A1B6" level="section">Sec. 531. Federal Real Property Disposal Pilot
				Program.</toc-entry>
					<toc-entry idref="H189540A4114F4B1E8A6E3E6727CC1917" level="title">Title VI—Fannie Mae and Freddie Mac</toc-entry>
					<toc-entry idref="HE47B67608F674DB49C4D6F83A4B522F0" level="section">Sec. 601. Short title.</toc-entry>
					<toc-entry idref="H3AC8BB5B80DB47FCAA1370B794EED8F6" level="section">Sec. 602. Definitions.</toc-entry>
					<toc-entry idref="HA2A0505519004B66B282C07900BC1D11" level="section">Sec. 603. Termination of current conservatorship.</toc-entry>
					<toc-entry idref="H203EA8F67A9D4E468DBA3E24104CE1B1" level="section">Sec. 604. Limitation of enterprise authority upon emergence
				from conservatorship.</toc-entry>
					<toc-entry idref="HC4D1B75E43E14D699983DEAFD0666C21" level="section">Sec. 605. Required wind down of operations and dissolution of
				enterprise.</toc-entry>
					<toc-entry idref="HFA753E9CDA4F42D3AF57559CE5C5530D" level="title">Title VII—Miscellaneous</toc-entry>
					<toc-entry idref="H00A37067DBBA4E97B37473F1835FA6B5" level="section">Sec. 701. Limitation on Government printing costs.</toc-entry>
					<toc-entry idref="H349B7879B33C4E48B9881D1F2F40D148" level="section">Sec. 702. Deposit of IRS user fees as general
				receipts.</toc-entry>
					<toc-entry idref="H3BDE8B59B4754612BCBF24AA2262D89C" level="section">Sec. 703. Limitation of Government travel costs.</toc-entry>
					<toc-entry idref="HBE166649DAD7465AAF6166A7E9B58B75" level="section">Sec. 704. Reduction in Federal vehicle costs.</toc-entry>
					<toc-entry idref="HCA5383013C804DD5B775660E60CD3BC8" level="section">Sec. 705. Repeals of prohibitions on public-private
				competitions for conversion to contractor performance of functions performed by
				Federal employees pursuant to Office of Management and Budget Circular
				A–76.</toc-entry>
					<toc-entry idref="H8B9DB869D3674112A162E451787051A7" level="section">Sec. 706. Deauthorization of appropriations to carry out PPACA
				and HCERA.</toc-entry>
					<toc-entry idref="H2FC25F4C7FD445D28A756D3DABCCF670" level="section">Sec. 707. Rescission of Health Insurance Reform Implementation
				funds.</toc-entry>
					<toc-entry idref="HC6EF1A37A37E4C828F1BB816EE437940" level="section">Sec. 708. Taxpayer-generated deficit reduction.</toc-entry>
					<toc-entry idref="HA2E7438541344A1F840E2CB95F00E8FC" level="section">Sec. 709. Limitation on funds to implement certain health care
				laws.</toc-entry>
				</toc>
			</subsection></section><title id="H2D20D1AA9FCC4CBFA80BA23DA44F2CB0"><enum>I</enum><header>Spending
			 reductions under Continuing Appropriations Act, 2011</header>
			<section id="H30388AAD686E43EE97998100B45DEFC5"><enum>101.</enum><header>Reduction of
			 nonsecurity discretionary spending to fiscal year 2008 level</header>
				<subsection id="HED8DFA61D2B242C8A2876B3CD8E5056B"><enum>(a)</enum><header>In
			 general</header><text display-inline="yes-display-inline">Section 101 of the
			 Continuing Appropriations Act, 2011 (Public Law 111–242) is amended by adding
			 at the end the following:</text>
					<quoted-block display-inline="no-display-inline" id="H1E573E833FD740B7AB5052A910D442BB" style="OLC">
						<subsection id="H653811715F4F4FB59BF7419FE2A47DDA"><enum>(b)</enum><paragraph commented="no" display-inline="yes-display-inline" id="H7F25B1FDBEC9471F887EDC6AF8491DEF"><enum>(1)</enum><text display-inline="yes-display-inline">Such amounts as may be necessary, at a rate
				for operations as provided in the appropriations Acts for fiscal year 2008
				referred to in section 101 of division A of Public Law 110–329 and under the
				authority and conditions provided in such Acts for projects or activities
				(including the costs of direct loans and loan guarantees) that are not
				otherwise provided for, that were conducted in fiscal years 2008 and 2010, and
				for which appropriations, funds, or other authority were made available in such
				Acts.</text>
							</paragraph><paragraph id="HC1799A2633CA4ACC870557875516E29A" indent="up1"><enum>(2)</enum><text display-inline="yes-display-inline">If the amount provided for a project or
				activity by paragraph (1) would be higher than the amount provided in
				appropriations Acts for fiscal year 2010, such project or activity shall be
				funded at the lower such
				amount.</text>
							</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
				</subsection><subsection id="H6831441CB9414A9399D1947DA5345715"><enum>(b)</enum><header>Continuation of
			 Security-Related discretionary spending</header><text>Section 101 of such Act
			 is further amended—</text>
					<paragraph id="H2983070219C14420999EC8EDFD084977"><enum>(1)</enum><text>by inserting
			 <quote>(a)</quote> after the section designation;</text>
					</paragraph><paragraph id="HA7E6F96E0236448387C8ED2319E44DDD"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (a), as so amended, by
			 striking paragraphs (1), (3), (5), (6), (7), (9), and (10);</text>
					</paragraph><paragraph id="H7D2092C25E1A4598976877215EE5DD1C"><enum>(3)</enum><text display-inline="yes-display-inline">in subsection (a), as so amended, by
			 redesignating paragraphs (2), (4), and (8) as paragraphs (1), (2), and (3),
			 respectively; and</text>
					</paragraph><paragraph id="H1647270A49C34B69AE2F5281C8B3D790"><enum>(4)</enum><text>by adding at the
			 end of subsection (a), as amended by paragraphs (1), (2), and (3), the
			 following:</text>
						<quoted-block display-inline="no-display-inline" id="H9124D83C30B94A6EB5D5A71881E47C54" style="OLC">
							<paragraph id="H301D44C226214718AEC89C6A1B5984F1"><enum>(4)</enum><text display-inline="yes-display-inline">Division E of the Consolidated
				Appropriations Act, 2010 (Public Law
				111–117).</text>
							</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
					</paragraph></subsection><subsection id="HCD2A85ACE4A04794810F1637101F940E"><enum>(c)</enum><header>Conforming
			 amendments</header><text>Section 114(2) of such Act is amended—</text>
					<paragraph id="H4183392DD5AA4F2A9436A0D993527EC3"><enum>(1)</enum><text>by striking
			 <quote>(8)</quote> and inserting <quote>(3)</quote>; and</text>
					</paragraph><paragraph id="H50AE06C8C40F4E588E9B545535A68A46"><enum>(2)</enum><text>by inserting
			 <quote>(a)</quote> after <quote>section 101</quote>.</text>
					</paragraph></subsection></section></title><title id="HE64242B6549D421BA1AA7892CCB11A68"><enum>II</enum><header>Changes in the
			 baseline; discretionary spending limits for nondefense spending</header>
			<subtitle id="H1D12751F2F32491E8038F2B3192C142D"><enum>A</enum><header>Elimination of
			 automatic increases for inflation</header>
				<section id="H4E6E65116FDB48D8B0D6957890EC3E12" section-type="subsequent-section"><enum>201.</enum><header>Changes in the
			 baseline</header><text display-inline="no-display-inline">Section 257(c) of the
			 Balanced Budget and Emergency Deficit Control Act of 1985 is amended—</text>
					<paragraph id="HB9862BA1A74C4860937C3CF3F912FF40"><enum>(1)</enum><text>in the second
			 sentence of paragraph (1), by striking everything that follows <quote>current
			 year,</quote> and inserting <quote>excluding resources designated as an
			 emergency requirement and any resources provided in supplemental appropriation
			 laws.</quote>;</text>
					</paragraph><paragraph id="HCAE767BF10B4442BBBBDD5A65417164A"><enum>(2)</enum><text>by striking
			 paragraphs (2), (3), (4), and (5);</text>
					</paragraph><paragraph id="H05FC9068A7764DCCACF50AD914D49CA2"><enum>(3)</enum><text>by redesignating
			 paragraph (6) as paragraph (2); and</text>
					</paragraph><paragraph id="H5E438B6117124D7D89382CF568E464D9"><enum>(4)</enum><text>by inserting after
			 paragraph (2) the following new paragraph:</text>
						<quoted-block display-inline="no-display-inline" id="H750933FD1487459F8C12EB43FE9B21E8" style="OLC">
							<paragraph id="H7B6A0567170741C2B85D88418268C787"><enum>(3)</enum><header>No adjustment
				for inflation</header><text>No adjustment shall be made for inflation or for
				any other
				factor.</text>
							</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
					</paragraph></section><section id="H6BED31193CB74C29BA13E7BEC15E3C08"><enum>202.</enum><header>Extension</header><text display-inline="no-display-inline">The second sentence of section 275(b) of the
			 Balanced Budget and Emergency Deficit Control Act of 1985 is amended by
			 inserting <quote>other than subsections (a) through (d) of section 257</quote>
			 after <quote>title</quote>.</text>
				</section></subtitle><subtitle id="HBAA38A7C499247D2925794B012BA1FF0"><enum>B</enum><header>Discretionary
			 spending limits for nondefense spending</header>
				<section display-inline="no-display-inline" id="H37EF0CB39A1947599C948853E5BEF845"><enum>211.</enum><header>Extension of
			 discretionary spending limits for nondefense spending</header>
					<subsection id="H9BF645FB843F4AC2839391C9ADA1E06F"><enum>(a)</enum><header>In
			 general</header><text>Section 251(c) of the Balanced Budget and Emergency
			 Deficit Control Act of 1985 is amended to read as follows:</text>
						<quoted-block display-inline="no-display-inline" id="H3BDCDF69DC974103B6B18837E364B7D8" style="OLC">
							<subsection id="HC09326E7E97A417391CA5205B3A8981A"><enum>(c)</enum><header>Discretionary
				spending limit</header><text display-inline="yes-display-inline">As used in
				this part, the term <quote>discretionary spending limit</quote> means—</text>
								<paragraph id="HD3C8632809984A82B069D30F1C01C711"><enum>(1)</enum><text>for fiscal year
				2011 for the nondefense category $457,000,000,000 in new budget authority;
				and</text>
								</paragraph><paragraph id="H548CEABC4C4B40B7A6DDDBBDD42A6CBF"><enum>(2)</enum><text>for each of fiscal
				years 2012 through 2021 for the nondefense discretionary category
				$409,000,000,000 in new budget
				authority.</text>
								</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
					</subsection><subsection id="HE3E01529D590409C81816FC89A06289F"><enum>(b)</enum><header>Definitions</header><text display-inline="yes-display-inline">Section 250(c)(4) of the Balanced Budget
			 and Emergency Deficit Control Act of 1985 is amended in subparagraph (C) by
			 inserting <quote>(and successor accounts)</quote> after <quote>budget
			 accounts</quote>.</text>
					</subsection></section><section id="HBB47F675ED904D63862FD423865446A4"><enum>212.</enum><header>Enforcement</header>
					<subsection id="HFF1B9996C0AD4E0C9445AE70BE6E8BF5"><enum>(a)</enum><header>Discretionary
			 Spending Limit Point of Order</header><text display-inline="yes-display-inline">Section 312 of the Congressional Budget Act
			 of 1974 is amended by adding at the end the following new subsection:</text>
						<quoted-block display-inline="no-display-inline" id="H4F03505DF66A4DB2960C8E3CDF9F9879" style="OLC">
							<subsection id="H1F34C0DFF2B443AA9E800810D1CE05A8"><enum>(g)</enum><header>Discretionary
				Spending Limit Point of Order</header><text>It shall not be in order in the
				House of Representatives or the Senate to consider any bill, joint resolution,
				amendment, or conference report that—</text>
								<paragraph id="HF62AEB3FFE5C4C18AB19B1C96001C914"><enum>(1)</enum><text>increases the
				discretionary spending limits for any ensuing fiscal year after the budget
				year; or</text>
								</paragraph><paragraph id="HC66E70819F254E9D924CC1130C6AE9E0"><enum>(2)</enum><text>would cause the
				discretionary spending limits for the budget year to be
				breached.</text>
								</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
					</subsection><subsection id="H4FBFBBA2609A432DBB0FEC2E6DF5D0DD"><enum>(b)</enum><header>Point of order
			 against budget resolution that breaches limits</header><text display-inline="yes-display-inline">It shall not be in order in the House of
			 Representatives or the Senate to consider any concurrent resolution on the
			 budget that would cause the discretionary spending limits for the budget year
			 to be breached.</text>
					</subsection><subsection id="HE7085321FE91475AB89435B51DF58557"><enum>(c)</enum><header>Advance
			 Appropriation Point of Order</header><text>Section 312 of the Congressional
			 Budget Act of 1974 (as amended by this section) is further amended by adding at
			 the end the following new subsection:</text>
						<quoted-block display-inline="no-display-inline" id="H8917A6B978464275B7650DDFF7F10F24" style="OLC">
							<subsection id="HCCA3F9AA2B4D497CB023770B773F0382"><enum>(i)</enum><header>Advance
				appropriation point of order</header><text display-inline="yes-display-inline">It shall not be in order in the House of
				Representatives or the Senate to consider any appropriation bill or joint
				resolution, or amendment thereto or conference report thereon, that provides
				advance discretionary new budget authority that first becomes available for any
				fiscal year after the budget year at an amount for any program, project, or
				activity above the amount of appropriations for fiscal year 2007 for such
				program, project, or
				activity.</text>
							</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
					</subsection></section><section id="H0E73B236F59A4EF4BC71686FF825B138"><enum>213.</enum><header>Reports</header><text display-inline="no-display-inline">Subsections (c)(2) and (f)(2)(A) of section
			 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 are
			 amended by striking <quote>2002</quote> and inserting
			 <quote>2021</quote>.</text>
				</section><section id="H1D74124E8A514AE1B44A5251FF24E4AD"><enum>214.</enum><header>Expiration</header><text display-inline="no-display-inline">Section 275(b) of the Balanced Budget and
			 Emergency Deficit Control Act of 1985 is amended by striking
			 <quote>2002</quote> and inserting <quote>2021</quote>.</text>
				</section></subtitle></title><title id="H1A31898CDCB24ED9B0FEA3F0104C60D9"><enum>III</enum><header>Rescission of
			 unobligated stimulus funds and repeal of certain stimulus provisions</header>
			<section id="HE4F515C8582741CC91988221D54D81E3" section-type="subsequent-section"><enum>301.</enum><header>Rescission of
			 unobligated stimulus funds</header><text display-inline="no-display-inline">Effective on the date of the enactment of
			 this Act, there are rescinded all unobligated balances of the discretionary
			 appropriations made available by division A of the American Recovery and
			 Reinvestment Act of 2009 (Public Law 111–5).</text>
			</section><section id="H0B819B40BD4B417AAFE379031E4CE39F"><enum>302.</enum><header>Repeal of
			 certain stimulus provisions</header><text display-inline="no-display-inline">Effective on the date of the enactment of
			 this Act, subtitles B and C of title II and titles III through VII of division
			 B of the American Recovery and Reinvestment Act of 2009 (Public Law 111–5) are
			 repealed, and the provisions of law amended or repealed by such provisions of
			 division B are restored or revived as if such provisions of division B had not
			 been enacted.</text>
			</section></title><title id="H83CD749CC7F14175B9A7752D596503CD"><enum>IV</enum><header>Provisions
			 relating to Federal civilian workforce</header>
			<section display-inline="no-display-inline" id="H401FF4550E9E41D0A36EDF9AF37183F0" section-type="subsequent-section"><enum>401.</enum><header>Extension of Federal
			 employee pay freeze</header><text display-inline="no-display-inline">Section
			 147 of the Continuing Appropriations Act, 2011 (Public Law 111–242) is
			 amended—</text>
				<paragraph id="H030C1D14879E4B138DBB6A2D45409BDA"><enum>(1)</enum><text>in subsection
			 (b)(1), by striking <quote>2012</quote> and inserting <quote>2015</quote>;
			 and</text>
				</paragraph><paragraph id="HE34FB546EDB340348F23B75E7F3BC6EC"><enum>(2)</enum><text>in subsection (c),
			 by striking <quote>2012</quote> and inserting <quote>2015</quote>.</text>
				</paragraph></section><section id="H65D469D73EE649C496B82BF5E594C971" section-type="subsequent-section"><enum>402.</enum><header>Limitation on the
			 number of civilian employees in the executive branch</header>
				<subsection id="HF8663FC0C0A343368F36D946316F7DB1"><enum>(a)</enum><header>Limitation</header><text display-inline="yes-display-inline">Except as otherwise provided in this
			 section—</text>
					<paragraph id="H5CE8E29DBBD24954946C20F49FD2A7E5"><enum>(1)</enum><text>no person shall be
			 appointed as a full-time civilian employee to a permanent position in the
			 executive branch during any month when the number of such employees is greater
			 than the number equal to 85 percent of the number of such employees on
			 September 30, 2010; and</text>
					</paragraph><paragraph id="H6DE5F3EF4FB74DF38D8B7E32559B23C9"><enum>(2)</enum><text>the number of
			 temporary and part-time employees in any agency in the executive branch during
			 any month shall not be greater than the number of such employees during the
			 corresponding month in fiscal year 2010.</text>
					</paragraph></subsection><subsection id="H7295858E618C47A7B65B38041DDD33E5"><enum>(b)</enum><header>Provisions
			 relating to limitation under subsection
			 <enum-in-header>(a)(1)</enum-in-header></header>
					<paragraph id="HA3D78329A46D4975A0679605F6ED7DC0"><enum>(1)</enum><header>In
			 general</header><text>During any period when appointments are otherwise
			 prohibited under subsection (a)(1), an appointing authority may, except as
			 otherwise provided in this subsection, appoint persons as full-time civilian
			 employees in permanent positions in an agency so long as the total number of
			 persons appointed as full-time civilian employees in permanent positions in
			 such agency (and attributable to such period) does not exceed the number equal
			 to 50 percent of the number of vacancies in such positions which have occurred
			 during such period by reason of resignation, retirement, removal, or
			 death.</text>
					</paragraph><paragraph id="H01081C2B752045CF8697A9AB014C3716"><enum>(2)</enum><header>Small
			 agencies</header><text>For purposes of paragraph (1), all agencies which, on
			 the first day of any period when appointments are otherwise prohibited under
			 subsection (a)(1), have 50 or fewer full-time civilian employees in permanent
			 positions shall be treated as one agency, and the Director of the Office of
			 Management and Budget (hereinafter in this section referred to as the
			 <quote>Director</quote>) shall determine the vacancies in each such agency
			 which may be filled by reason of paragraph (1).</text>
					</paragraph><paragraph id="H788E0818E9A04A948A711062744E0215"><enum>(3)</enum><header>Reassignments</header><text>For
			 purposes of paragraph (1), the Director may reassign vacancies from one agency
			 to another agency when such reassignment is, in the opinion of the Director,
			 necessary or appropriate because of the creation of a new agency, because of a
			 change in functions, or for the more efficient operation of the
			 Government.</text>
					</paragraph><paragraph id="H6BD617D6F19C4C278AB73BF242BF3F6E"><enum>(4)</enum><header>Transfers</header><text>If
			 a full-time civilian employee in a permanent position is transferred from one
			 agency to another agency—</text>
						<subparagraph id="H43B3806FD9564849AEFFAC66D4D2AB79"><enum>(A)</enum><text>such transfer
			 shall be taken into account under paragraph (1) as an appointment by the head
			 of the agency to which such employee transfers; and</text>
						</subparagraph><subparagraph id="H31274EC6BC184B89BEF02ED308EC4E0A"><enum>(B)</enum><text>subsection (a)(1)
			 shall not apply to an appointment to the vacancy in the agency from which such
			 employee transferred and such vacancy shall not be taken into account under
			 paragraph (1).</text>
						</subparagraph></paragraph><paragraph id="HD9110DC4A3F0415B9AA5EA3F1CFC743E"><enum>(5)</enum><header>Exclusion</header><text>Subsection
			 (a)(1) shall not affect appointments to positions within the United States
			 Postal Service or the Postal Regulatory Commission, and no employee of the
			 United States Postal Service or the Postal Regulatory Commission shall be taken
			 into account for purposes of any determination under subsection (a)(1) of the
			 number of full-time civilian employees in permanent positions in the executive
			 branch at any time.</text>
					</paragraph></subsection><subsection id="H5AD1787A07984483BE90071DF6EE8292"><enum>(c)</enum><header>Provisions
			 relating to limitation under subsection
			 <enum-in-header>(a)(2)</enum-in-header></header><text>For purposes of
			 subsection (a)(2), the Director may reassign authorized temporary and part-time
			 employment from one agency to another agency when such reassignment is, in the
			 opinion of the Director, necessary or appropriate because of the creation of a
			 new agency, because of a change in function, or for the more efficient
			 operation of the Government.</text>
				</subsection><subsection id="HA620492B830F429B9924D83BCEC2241A"><enum>(d)</enum><header>Treatment of
			 certain employees; agency defined</header><text>For purposes of this
			 section—</text>
					<paragraph id="H6A9E10A9BCDB4CDA94FFCD8061EF7B73"><enum>(1)</enum><text>there shall not be
			 taken into account—</text>
						<subparagraph id="H4D4E65D464B14EF29E60E5520753FD67"><enum>(A)</enum><text>any position
			 filled by appointment by the President by and with the advice and consent of
			 the Senate, other than for purposes of determining under subsection (a)(1) the
			 number of full-time civilian employees in permanent positions in the executive
			 branch at any time; or</text>
						</subparagraph><subparagraph id="H9851BEAD86814630B9C5662A42816AD3"><enum>(B)</enum><text>casual employees
			 or employees serving without compensation; and</text>
						</subparagraph></paragraph><paragraph id="HA488D8A952C148F0844A00FF16C8C073"><enum>(2)</enum><text>the term
			 <quote>agency</quote> or <quote>agency in the executive branch</quote> means an
			 Executive department, a Government corporation, and an independent
			 establishment (as those terms are defined in chapter 1 of title 5, United
			 States Code), but does not include the Government Accountability Office.</text>
					</paragraph></subsection><subsection id="H73A9BC8FE32049E79DB7D6662185A9AD"><enum>(e)</enum><header>Disposition of
			 savings</header><text>The Director shall maintain a continuous study of all
			 appropriations and contract authorizations in relation to personnel employed
			 and shall reserve from expenditure the savings in salaries and wages resulting
			 from the operation of this section, and any savings in other categories of
			 expense which the Director determines will result from such operation.</text>
				</subsection><subsection id="H10E2E55A2332439D90C63F18C439927F"><enum>(f)</enum><header>Information</header><text>Agencies
			 in the executive branch shall submit to the Director such information as may be
			 necessary to enable the Director to carry out the functions of the Director
			 under this section.</text>
				</subsection><subsection id="HF5EBF520AF564C39AA9BFA28D33A01FE"><enum>(g)</enum><header>Reports</header><text>The
			 Director shall submit to each House of Congress, at the end of each calendar
			 quarter, a report on the operation of this section.</text>
				</subsection><subsection id="H8DAFBFA3D7C548218CDDAB1817464A6F"><enum>(h)</enum><header>Reemployment
			 rights not affected</header><text>Nothing in this section shall supersede or
			 modify the reemployment rights of any person under chapter 43 of title 38,
			 United States Code, or any other provision of law conferring reemployment
			 rights upon persons who have performed service in the uniformed
			 services.</text>
				</subsection><subsection id="H78C3CAD53AD344FA8F6180DA2B92BBB8"><enum>(i)</enum><header>Regulations</header><text>The
			 Director shall prescribe any regulations necessary to carry out the purposes of
			 this section.</text>
				</subsection><subsection id="H842204F925ED435E909FB6C5AEA4643C"><enum>(j)</enum><header>Effective
			 date</header><text>This section (other than subsection (i)) shall take effect
			 on the first day of the first month which begins after the date of the
			 enactment of this Act.</text>
				</subsection></section><section id="H69F0138C8CE14CF989782B53480B4975" section-type="subsequent-section"><enum>403.</enum><header>Ineligibility of
			 persons having seriously delinquent tax debts for Federal employment</header>
				<subsection id="H3AF226233EE14C8285F09AECB67BE079"><enum>(a)</enum><header>In
			 general</header><text display-inline="yes-display-inline">Chapter 73 of title
			 5, United States Code, is amended by adding at the end the following:</text>
					<quoted-block display-inline="no-display-inline" id="H2EAAA56A271C429FADA3E8D4DD2C777A" style="USC">
						<subchapter id="HC630234332634199A714F2834EBEF8DD"><enum>VIII</enum><header>Ineligibility
				of persons having seriously delinquent tax debts for Federal
				employment</header>
							<section id="HDC9511CB1B5E48FDB960F5FCCBF90AEC"><enum>7381.</enum><header>Ineligibility
				of persons having seriously delinquent tax debts for Federal
				employment</header>
								<subsection id="H7FADFD7CC6F441AA9C8FED2DDE8FE944"><enum>(a)</enum><header>Definition</header><text display-inline="yes-display-inline">For purposes of this section—</text>
									<paragraph id="HEE6199744BE14E8EB3308E87E5978110"><enum>(1)</enum><text>the term
				<term>seriously delinquent tax debt</term> means an outstanding debt under the
				Internal Revenue Code of 1986 for which a notice of lien has been filed in
				public records pursuant to section 6323 of such Code, except that such term
				does not include—</text>
										<subparagraph id="H570EFD2EA2004C3BB3A9F8F2C1870F0F"><enum>(A)</enum><text>a debt that is
				being paid in a timely manner pursuant to an agreement under section 6159 or
				section 7122 of such Code; and</text>
										</subparagraph><subparagraph id="H3B0049C29DB64FDB87381F373765C65D"><enum>(B)</enum><text>a debt with
				respect to which a collection due process hearing under section 6330 of such
				Code, or relief under subsection (a), (b), or (f) of section 6015 of such Code,
				is requested or pending; and</text>
										</subparagraph></paragraph><paragraph id="H538F024D13B0497BBC6B955CB977B1E1"><enum>(2)</enum><text>the term
				<term>Federal employee</term> means—</text>
										<subparagraph id="H914ED600C718492DB6898A14E0F6F38C"><enum>(A)</enum><text>an employee, as
				defined by section 2105; and</text>
										</subparagraph><subparagraph commented="no" id="H4A3F4B617CE74BB2A42D0D8D7E479D56"><enum>(B)</enum><text>an employee of the
				United States Postal Service or of the Postal Regulatory Commission.</text>
										</subparagraph></paragraph></subsection><subsection id="H723FC7FC8ABB4783B0CDB7BFC4A8829A"><enum>(b)</enum><header>Ineligibility
				for Federal employment</header><text>An individual who has a seriously
				delinquent tax debt shall be ineligible to be appointed, or to continue
				serving, as a Federal employee.</text>
								</subsection><subsection id="H4328C6E3E24346ACA22E3A0F99E8C8ED"><enum>(c)</enum><header>Exception for
				national security, etc</header><text>Nothing in subsection (b) shall—</text>
									<paragraph id="H021248FFD8414DC7B3A6B6B7379C5DE5"><enum>(1)</enum><text>apply in the case
				of any individual whose services are required for reasons of national security,
				as determined by the President in writing; or</text>
									</paragraph><paragraph commented="no" id="H242B75878FC24F778F1E23AA5E11E8A1"><enum>(2)</enum><text>prevent the
				continued service of any officer whose appointment is required to be made by
				the President, by and with the advice and consent of the Senate.</text>
									</paragraph></subsection><subsection id="HEA572DD5644D45B095A3599FC7771C4F"><enum>(d)</enum><header>Regulations</header><text>The
				Office of Personnel Management shall, for purposes of carrying out this section
				with respect to the executive branch, prescribe any regulations which the
				Office considers
				necessary.</text>
								</subsection></section></subchapter><after-quoted-block>.</after-quoted-block></quoted-block>
				</subsection><subsection id="H17C50E273FEB4D329B3881BA5D45A185"><enum>(b)</enum><header>Clerical
			 amendment</header><text>The analysis for chapter 73 of title 5, United States
			 Code, is amended by adding at the end the following:</text>
					<quoted-block display-inline="no-display-inline" id="H160BBAEC1F7B417BBA4FA87AEE34CC71" style="OLC">
						<toc container-level="quoted-block-container" idref="H2EAAA56A271C429FADA3E8D4DD2C777A" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
							<toc-entry idref="HC630234332634199A714F2834EBEF8DD" level="subchapter">Subchapter VIII—Ineligibility of persons having seriously
				delinquent tax debts for Federal employment</toc-entry>
							<toc-entry idref="HDC9511CB1B5E48FDB960F5FCCBF90AEC" level="section">7381. Ineligibility of persons having seriously delinquent tax
				debts for Federal
				employment.</toc-entry>
						</toc>
						<after-quoted-block>.</after-quoted-block></quoted-block>
				</subsection></section><section id="HCFCCD302D0394CA28D08760C438B4F22" section-type="subsequent-section"><enum>404.</enum><header>Repeal of certain
			 provisions relating to official time for Federal employees</header><text display-inline="no-display-inline">Subsections (a) and (c) of section 7131 of
			 title 5, United States Code, are repealed.</text>
			</section></title><title id="H97315655B3B346E8ABB7203F7FE0121C"><enum>V</enum><header>Program
			 eliminations and related provisions</header>
			<subtitle id="HACD448ED532F47509B582C965253C71B"><enum>A</enum><header>Provisions
			 relating to program eliminations</header>
				<section id="HD836EEAE785043D9AFFF2BE924083BE4"><enum>501.</enum><header>Program
			 eliminations</header>
					<subsection id="HABE71B88F14141F587916400003BACF8"><enum>(a)</enum><header>In
			 general</header><text display-inline="yes-display-inline">No funds appropriated
			 or otherwise available to any Federal department or agency may be obligated or
			 expended for any program or other purpose described in subsection (b).</text>
					</subsection><subsection id="H0C52A2278A254A088654530186E692F9"><enum>(b)</enum><header>Programs and
			 purposes described</header><text>The programs and purposes described in this
			 subsection are as follows:</text>
						<paragraph id="H1A3E311CA7FF4DE9819EF14579924ABA"><enum>(1)</enum><text>The Legal Services
			 Corporation.</text>
						</paragraph><paragraph id="HA92AD1BA4F88481EA0CBBAD66C769EE5"><enum>(2)</enum><text display-inline="yes-display-inline">The Save America’s Treasures
			 program.</text>
						</paragraph><paragraph id="HCAD7FA77D0434E8CA8DEE0F7A2D38D25"><enum>(3)</enum><text display-inline="yes-display-inline">The National Heritage Areas program.</text>
						</paragraph><paragraph id="HF644A1C798DD40FBA9D4620A5BED43C0"><enum>(4)</enum><text display-inline="yes-display-inline">The National Endowment for the Arts.</text>
						</paragraph><paragraph id="HA903ACCC1B38447FB7D4BA44BBE3FD54"><enum>(5)</enum><text>The National
			 Endowment for the Humanities.</text>
						</paragraph><paragraph id="HB89ACD43F03D4322AA1239C84B011AA8"><enum>(6)</enum><text>Subpart 3 of part
			 D of title II of the Elementary and Secondary Education Act of 1965 (20 U.S.C.
			 6775; relating to the Ready-to-Learn Television program).</text>
						</paragraph><paragraph id="H288A98AD48DE46BEA107789577087B92"><enum>(7)</enum><text>Subpart 12 of part
			 D of title V of the Elementary and Secondary Education Act of 1965 (20 U.S.C.
			 7265 et seq.; relating to educational, cultural, apprenticeship, and exchange
			 programs for Alaska Natives, Native Hawaiians, and their historical whaling and
			 trading partners in Massachusetts).</text>
						</paragraph><paragraph id="HBE093CA852504736BF9D50348E8669D9"><enum>(8)</enum><text display-inline="yes-display-inline">The National and Community Service Act of
			 1990 (Public Law 101–610; 42 U.S.C. 12501 et seq.).</text>
						</paragraph><paragraph id="H5913769D98DA4643B3E947E7FA7BC57F"><enum>(9)</enum><text>United States
			 contributions to the International Fund for Ireland.</text>
						</paragraph><paragraph id="H37B1E183E3514738B5B81541FAA00D78"><enum>(10)</enum><text>The Trade and
			 Development Agency.</text>
						</paragraph><paragraph id="H02123D6D7E5A454F986EB75EC4EEC06B"><enum>(11)</enum><text>The Woodrow
			 Wilson Memorial Act of 1968 (82 Stat. 1356).</text>
						</paragraph><paragraph id="H266011BD1BBC4AC3958D71E9772F6D33"><enum>(12)</enum><text>United States
			 economic assistance to Egypt.</text>
						</paragraph><paragraph id="H3C33F40C7FB94B4EBEFFF72B55A049CD"><enum>(13)</enum><text>The United States
			 Agency for International Development.</text>
						</paragraph><paragraph id="HEE2A2E0EB8934A599938CAE06A971456"><enum>(14)</enum><text display-inline="yes-display-inline">United States contributions to the
			 Intergovernmental Panel on Climate Change.</text>
						</paragraph><paragraph id="H487803B0E4804D3598CD66F8A71E169C"><enum>(15)</enum><text>The John C.
			 Stennis Center for Public Service Training and Development.</text>
						</paragraph><paragraph id="H47713F6A09CE454BAB76FFA5FE604762"><enum>(16)</enum><text>The essential air
			 service program of the Federal Aviation Administration authorized by subchapter
			 II of chapter 417 of title 49, United States Code.</text>
						</paragraph><paragraph id="HBFA040BE678C4E83A93AA30C7B232811"><enum>(17)</enum><text>The new starts
			 program of the Federal Transit Administration authorized by section 5309 of
			 title 49, United States Code.</text>
						</paragraph><paragraph id="HDB7179841A094000AACD0ACAE4DFAE0A"><enum>(18)</enum><text>Beach
			 replenishment projects of the Corps of Engineers.</text>
						</paragraph><paragraph id="H4AC7B5811D8B415587EA4B003379E37D"><enum>(19)</enum><text>The Appalachian
			 Regional Commission.</text>
						</paragraph><paragraph id="HE5D3DFF407FD42EA92739456FB463BC2"><enum>(20)</enum><text>The Economic
			 Development Administration.</text>
						</paragraph><paragraph id="H40117F981FBD468CA02D7BA57E2B093E"><enum>(21)</enum><text display-inline="yes-display-inline">Capital and preventive maintenance projects
			 for the Washington Metropolitan Area Transit Authority authorized by title VI
			 of the Passenger Rail Investment and Improvement Act of 2008 (122 Stat.
			 4968).</text>
						</paragraph><paragraph id="HB91FE3443A614A57A2891EB15895489F"><enum>(22)</enum><text>Title X of the
			 Public Health Service Act (42 U.S.C. 300 et seq.; relating to population
			 research and voluntary family planning programs).</text>
						</paragraph><paragraph id="H42ACB431CE5542D58485DD22D88BA609"><enum>(23)</enum><text>The
			 weatherization program authorized by part A of title IV of the Energy
			 Conservation and Production Act (42 U.S.C. 6861 et seq.).</text>
						</paragraph><paragraph id="H49FF8CEA299C40BBB22CA6A2E9DDF721"><enum>(24)</enum><text>The FreedomCAR
			 and Fuel Partnership in the Vehicle Technologies Program of the Department of
			 Energy.</text>
						</paragraph><paragraph id="H22160326E07542C582813098C6ED1D1B"><enum>(25)</enum><text display-inline="yes-display-inline">The Energy Star program authorized by
			 section 324A of the Energy Policy and Conservation Act (42 U.S.C.
			 6294a).</text>
						</paragraph><paragraph id="HC3E4A1608BAE41A482EC586C55C773DC"><enum>(26)</enum><text>The Corporation
			 for Public Broadcasting.</text>
						</paragraph><paragraph id="H70176F18DCF14E19AC4D278078734F09"><enum>(27)</enum><text>Amtrak.</text>
						</paragraph><paragraph id="HD59F7DFA56B948D5B1058B06BD5AC3EB"><enum>(28)</enum><text>Grants supporting
			 intercity rail passenger service and high-speed rail.</text>
						</paragraph><paragraph id="HDC59E7395D1B42DAB811585C5040C1A7"><enum>(29)</enum><text>Applied research
			 sponsored by the Department of Energy.</text>
						</paragraph><paragraph id="H7B44379C29064A479A4FD3338C4D75EA"><enum>(30)</enum><text display-inline="yes-display-inline">The Technology Innovation Program
			 authorized by section 28 of the National Institute of Standards and Technology
			 Act (15 U.S.C. 278n).</text>
						</paragraph><paragraph id="H6AC4609BF0024EC4AE0954B81F3D3EDE"><enum>(31)</enum><text display-inline="yes-display-inline">The Hollings Manufacturing Extension
			 Partnership and all other programs authorized by section 25 of the National
			 Institute of Standards and Technology Act (15 U.S.C. 278k).</text>
						</paragraph><paragraph id="HF4BE8F3AC1BE4374AE19C440E7C03FD9"><enum>(32)</enum><text>The Community
			 Development Fund of the Department of Housing and Urban Development.</text>
						</paragraph><paragraph id="H65F1E35A6E6942E1B3F4B0956A347B27"><enum>(33)</enum><text>The HOPE VI
			 program of the Department of Housing and Urban Development authorized by
			 section 24 of the United States Housing Act of 1937 (42 U.S.C. 1437v).</text>
						</paragraph><paragraph id="H832AEBEB884A4FC4A1FA6658106A0F52"><enum>(34)</enum><text display-inline="yes-display-inline">Grants provided under Edward Byrne Memorial
			 Justice Assistance Grant Program under subpart 1 of part E of title I of the
			 Omnibus Crime Control and Safe Streets Act of 1968 (42 U.S.C. 3750 et seq.)
			 insofar as such grants are for pre-trial bail services.</text>
						</paragraph><paragraph id="H58FD9CEEAAD2442584CA7ADF66BEEC33"><enum>(35)</enum><text display-inline="yes-display-inline">United States contributions to the
			 Organization for Economic Cooperation and Development.</text>
						</paragraph><paragraph id="HDF14D1DD17EF4484B590AB8F6D6899D4"><enum>(36)</enum><text display-inline="yes-display-inline">The U.S. Ambassadors Fund for Cultural
			 Preservation.</text>
						</paragraph><paragraph id="HB45E8478374F4C3E9356CF2433540769"><enum>(37)</enum><text>Doctoral
			 dissertation research grants authorized under title V of the Housing and Urban
			 Development Act of 1970 (12 U.S.C. 1701z–1 et seq.).</text>
						</paragraph></subsection><subsection id="H0EDA9BA0E99947529F2224C1F1FD9DD9"><enum>(c)</enum><header>Technical and
			 conforming changes</header><text>Not later than 6 months after the date of
			 enactment of this Act, the President shall submit to Congress a legislative
			 proposal providing for such technical and conforming changes in the law as are
			 required by the provisions of this section.</text>
					</subsection></section><section id="HC8B41B00F87646FFA0D07EFAA23EF758"><enum>502.</enum><header>Repeal of
			 national organic certification cost-share program</header>
					<subsection id="H0F52820AC2214D9B98D916D04C6233A9"><enum>(a)</enum><header>Repeal of
			 authority for program</header><text>Section 10606 of the Farm Security and
			 Rural Investment Act of 2002 (7 U.S.C. 6523) is repealed.</text>
					</subsection><subsection id="H9E639EBC9A124BFE9945739E936665F3"><enum>(b)</enum><header>Termination of
			 obligations for program</header><text>On and after the date of enactment of
			 this Act, no funds shall be obligated to carry out the national organic
			 certification cost-share program established under section 10606(a) of the Farm
			 Security and Rural Investment Act of 2002 (7 U.S.C. 6523).</text>
					</subsection></section><section id="H0576732066934FC5A3FE596CF1BDBE46" section-type="subsequent-section"><enum>503.</enum><header>Prohibiting
			 unauthorized payments to District of Columbia</header><text display-inline="no-display-inline">No funds appropriated or otherwise available
			 to any Federal department or agency may be obligated or expended for any
			 payment to the District of Columbia unless the payment is authorized by a law
			 other than the law making the appropriation of the funds involved.</text>
				</section><section id="H1732089F07DD4740876EDBCF1292CE8A" section-type="subsequent-section"><enum>504.</enum><header>Prohibiting payment
			 of gratuities to survivors of Members of Congress</header>
					<subsection id="H7292FB896E074EF9864ABBAE7735819D"><enum>(a)</enum><header>Prohibition</header><text>No
			 payment may be made from the applicable accounts of the House of
			 Representatives, the contingent fund of the Senate, or any other appropriated
			 funds for a death gratuity payment to the widow, widower, or heirs-at-law of
			 any Member of Congress who dies after the commencement of the Congress to which
			 the Member has been elected.</text>
					</subsection><subsection id="H4E477059EFE84C198AB0017D18C9FCE8"><enum>(b)</enum><header>No effect on
			 other payments to survivors</header><text>Nothing in subsection (a) shall be
			 construed to prohibit or affect the payment to any individual of any unpaid
			 balance or salary or other sums due to a Member of Congress who dies after the
			 commencement of the Congress to which the Member has been elected.</text>
					</subsection><subsection display-inline="no-display-inline" id="HE76312C571CC4D1484CD4097BA6E411C"><enum>(c)</enum><header>Definition</header><text>For
			 purposes of this section, the term <quote>Member of Congress</quote> means a
			 Senator or a Representative in, or Delegate or Resident Commissioner to, the
			 Congress.</text>
					</subsection></section><section id="H799D1438F77748F29589BABF6EBAD84F"><enum>505.</enum><header>Davis-Bacon
			 Repeal Act</header>
					<subsection id="HA450DFB81D054CD2ADD648A3D4E34817"><enum>(a)</enum><header>Short
			 title</header><text display-inline="yes-display-inline">This section may be
			 cited as the <quote><short-title>Davis-Bacon Repeal
			 Act</short-title></quote>.</text>
					</subsection><subsection id="H014449CD168845DD8CABF9EE96E038A4"><enum>(b)</enum><header>Repeal of
			 Davis-Bacon wage requirements</header><text>Subchapter IV of chapter 31 of
			 title 40, United States Code, is repealed.</text>
					</subsection><subsection id="H38776055729147FE88836B07E4225AEA"><enum>(c)</enum><header>Effective date
			 and limitation</header><text>The amendments made by subsection (b) shall take
			 effect 30 days after the date of the enactment of this Act but shall not affect
			 any contract in existence on such date of enactment or made pursuant to
			 invitation for bids outstanding on such date of enactment.</text>
					</subsection></section><section id="H324234224D9E451A8D67FCED3A82675C" section-type="subsequent-section"><enum>506.</enum><header>Priorities in
			 Education Spending Act</header>
					<subsection id="HC25206BF63814FAE841FD81C123C1C6E"><enum>(a)</enum><header>Short
			 title</header><text display-inline="yes-display-inline">This section may be
			 cited as the <quote><short-title>Priorities in Education
			 Spending Act</short-title></quote>.</text>
					</subsection><subsection id="H37E39BBA3C7E45F6A43F5914C69EF6C6"><enum>(b)</enum><header>Elementary and
			 secondary education programs</header><text>The following provisions of the
			 Elementary and Secondary Education Act of 1965 (20 U.S.C. 6301 et seq.) are
			 hereby repealed:</text>
						<paragraph id="H8DE3E0A151AF45F5BECFA1F60AEBA55F"><enum>(1)</enum><text display-inline="yes-display-inline">Subpart 3 of part B of title I (20 U.S.C.
			 6381 et seq.; relating to the William F. Goodling Even Start Family Literacy
			 programs).</text>
						</paragraph><paragraph id="H2AB73393D3DD4E31B21E39D3321F9F84"><enum>(2)</enum><text display-inline="yes-display-inline">Subpart 4 of part B of title I (20 U.S.C.
			 6383; relating to improving literacy through school libraries).</text>
						</paragraph><paragraph id="H905ED9C189824E7390A1A7BA278D3E69"><enum>(3)</enum><text display-inline="yes-display-inline">Section 1504 of part E of title I (20
			 U.S.C. 6494; relating to the Close Up Fellowship program).</text>
						</paragraph><paragraph id="H01F396738A8C4C1CA000C156DC8ECC84"><enum>(4)</enum><text display-inline="yes-display-inline">Part F of title I (20 U.S.C. 6511 et seq.;
			 relating to comprehensive school reform).</text>
						</paragraph><paragraph commented="no" id="HAF03C9BF2A924DDE8B0B0395AE872042"><enum>(5)</enum><text>Section 2151(b) of
			 subpart 5 of part A of title II (20 U.S.C. 6651(b); relating to school
			 leadership).</text>
						</paragraph><paragraph id="HA1543C6D86964AE88657A0C9B26DACCE"><enum>(6)</enum><text display-inline="yes-display-inline">Section 2151(c) of subpart 5 of part A of
			 title II (20 U.S.C. 6651(c); relating to advanced certification or advanced
			 credentialing).</text>
						</paragraph><paragraph id="H3927B14EFBE24550A96EBDB19E6EE806"><enum>(7)</enum><text display-inline="yes-display-inline">Subpart 2 of part C of title II (20 U.S.C.
			 6701 et seq.; relating to the National Writing Project).</text>
						</paragraph><paragraph id="H36D5BBAAF1D24DA0AA93845FEC48C9C1"><enum>(8)</enum><text>Subpart 4 of part
			 C of title II (20 U.S.C. 6721 et seq.; relating to the teaching of traditional
			 American history).</text>
						</paragraph><paragraph id="H8E546564ABFE488BB98285718224B38E"><enum>(9)</enum><text display-inline="yes-display-inline">Part D of title II (20 U.S.C. 6751 et seq.;
			 relating to enhancing education through technology).</text>
						</paragraph><paragraph id="HB3A91754B79043EDBF152A2EEC954934"><enum>(10)</enum><text display-inline="yes-display-inline">Subpart 4 of part B of title III (20 U.S.C.
			 6961 et seq.; relating to the Emergency Immigrant Education program).</text>
						</paragraph><paragraph id="H5ACF08FE40A0477994E1C2FA65AE37ED"><enum>(11)</enum><text display-inline="yes-display-inline">Section 4129 of subpart 2 of part A of
			 title IV (20 U.S.C. 7139; relating to grants to reduce alcohol abuse).</text>
						</paragraph><paragraph id="H697A5124C42E440D95FAF813C6383453"><enum>(12)</enum><text display-inline="yes-display-inline">Section 4130 of subpart 2 of part A of
			 title IV (20 U.S.C. 7140; relating to mentoring programs).</text>
						</paragraph><paragraph id="HEFE199D16E1D4BC19AA97AF8DDA49074"><enum>(13)</enum><text display-inline="yes-display-inline">Subpart 2 of part D of title V (20 U.S.C.
			 7245; relating to elementary and secondary school counseling programs).</text>
						</paragraph><paragraph commented="no" id="HFFD0AFBFF6AD4CAC8397D579AEBA0A48"><enum>(14)</enum><text display-inline="yes-display-inline">Subpart 4 of part D of title V (20 U.S.C.
			 7249; relating to smaller learning communities).</text>
						</paragraph><paragraph id="HFBBC852BDA504699B26998E13F9F583D"><enum>(15)</enum><text>Subpart 5 of part
			 D of title V (20 U.S.C. 7251; relating to the Reading is
			 Fundamental—Inexpensive Book Distribution program).</text>
						</paragraph><paragraph id="HA78F7547B9F943A6B9600D674F019D17"><enum>(16)</enum><text>Subpart 7 of part
			 D of title V (20 U.S.C. 7255 et seq.; commonly referred to as the <quote>Star
			 Schools Act</quote>).</text>
						</paragraph><paragraph id="H828C8DE2186343B2B27B53C206980B38"><enum>(17)</enum><text>Subpart 8 of part
			 D of title V (20 U.S.C. 7257 et seq.; relating to the Ready to Teach
			 program).</text>
						</paragraph><paragraph id="HD1FC491A1AA84661B6B21CCEA99E9DAC"><enum>(18)</enum><text>Subpart 9 of part
			 D of title V (20 U.S.C. 7259 et seq.; commonly referred to as the
			 <quote>Foreign Language Assistance Act of 2001</quote>).</text>
						</paragraph><paragraph id="HE2BDC44AE3F2419E94A83CB37C97498E"><enum>(19)</enum><text display-inline="yes-display-inline">Subpart 10 of part D of title V (20 U.S.C.
			 7261 et seq.; commonly referred to as the <quote>Carol M. White Physical
			 Education Program</quote>).</text>
						</paragraph><paragraph id="H2B8F806A6EB745258A0290CC02B2C306"><enum>(20)</enum><text>Subpart 11 of
			 part D of title V (20 U.S.C. 7263 et seq.; relating to community technology
			 centers).</text>
						</paragraph><paragraph id="H3FFF71608F274A0794A8C365BEAE494D"><enum>(21)</enum><text>Subpart 12 of
			 part D of title V (20 U.S.C. 7265 et seq.; relating to educational, cultural,
			 apprenticeship, and exchange programs for Alaska Natives, Native Hawaiians, and
			 their historical whaling and trading partners in Massachusetts).</text>
						</paragraph><paragraph id="H8D9CE16A809248C0A4057CF7D9791427"><enum>(22)</enum><text display-inline="yes-display-inline">Subpart 14 of part D of title V (20 U.S.C.
			 7269 et seq.; relating to grants to improve mental health of children).</text>
						</paragraph><paragraph id="H1C0CE75182574588A2A28FF2BECD0513"><enum>(23)</enum><text>Subpart 15 of
			 part D of title V (20 U.S.C. 7271; relating to arts in education).</text>
						</paragraph><paragraph id="H61E594FF434B40B598BA22EA4A1464C8"><enum>(24)</enum><text display-inline="yes-display-inline">Subpart 18 of part D of title V (20 U.S.C.
			 7277 et seq.; relating to healthy, high-performance schools).</text>
						</paragraph><paragraph id="H682D8B747FA447389BF6E5150F011483"><enum>(25)</enum><text display-inline="yes-display-inline">Subpart 20 of part D of title V (20 U.S.C.
			 7281 et seq.; relating to additional assistance for certain local educational
			 agencies impacted by Federal property acquisition).</text>
						</paragraph><paragraph id="H9584E2C35F4D45E5875CC78CF213BEDD"><enum>(26)</enum><text>Subpart 21 of
			 part D of title V (20 U.S.C. 7283 et seq.; commonly referred to as the
			 <quote>Women’s Educational Equity Act of 2001</quote>).</text>
						</paragraph><paragraph id="HC9D633147A114EA8AB20205C61E323C8"><enum>(27)</enum><text display-inline="yes-display-inline">Part B of title VII (20 U.S.C. 7511 et
			 seq.; commonly referred to as the <quote>Native Hawaiian Education
			 Act</quote>).</text>
						</paragraph><paragraph id="HF8FAB3F312A7480AAF098B5CA5F918C4"><enum>(28)</enum><text display-inline="yes-display-inline">Part C of title VII (20 U.S.C. 7541 et
			 seq.; commonly referred to as the <quote>Alaska Native Educational Equity,
			 Support, and Assistance Act</quote>).</text>
						</paragraph></subsection><subsection display-inline="no-display-inline" id="HCEEE4AC0479E4CA4B78E1B9B10D64660"><enum>(c)</enum><header>Early Learning
			 Opportunities Act</header><text>Title VIII of H.R. 5656 of the 106th Congress
			 (20 U.S.C. 9401 et seq.; 114 Stat. 2763, 2763A–77; commonly referred to as the
			 <quote>Early Learning Opportunities Act</quote>), enacted by section 1 of
			 Public Law 106–554, is hereby repealed.</text>
					</subsection><subsection display-inline="no-display-inline" id="H3F3C167F26164D04AEB5C49854B1CE25"><enum>(d)</enum><header>Higher education
			 programs</header>
						<paragraph id="HEF7764238CD54A3EA928473DE6622EC7"><enum>(1)</enum><header>Higher Education
			 Act of 1965</header><text display-inline="yes-display-inline">The following
			 provisions of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.) are
			 hereby repealed:</text>
							<subparagraph id="H5C2B230D1C394D36B25B1E7336876FFE"><enum>(A)</enum><text display-inline="yes-display-inline">Section 317 (20 U.S.C. 1059d; relating to
			 Alaska Native and Native Hawaiian-serving institutions).</text>
							</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H5DA01DFB27E848E8861FC544C12D0B23"><enum>(B)</enum><text display-inline="yes-display-inline">Subpart 6 of part A of title IV (20 U.S.C.
			 1070d–31 et seq.; relating to the Byrd Honors Scholarship Program).</text>
							</subparagraph><subparagraph id="H10B7B0970209451698E76544DF8D5814"><enum>(C)</enum><text>Subpart 9 of part
			 A of title IV (20 U.S.C. 1070g et seq.; relating to TEACH Grants).</text>
							</subparagraph><subparagraph id="HFB7170AA03864B5D855397ED737D9D9C"><enum>(D)</enum><text>Section 428L (20
			 U.S.C. 1078–12; relating to loan repayment for civil legal assistance
			 attorneys).</text>
							</subparagraph><subparagraph id="H5059A676FECD4AC19368CEF61A38C1DF"><enum>(E)</enum><text>Section 432(n) (20
			 U.S.C. 1082(n); relating to default reduction management).</text>
							</subparagraph><subparagraph display-inline="no-display-inline" id="HCB99E1E4DAD14BB38D89C90D97B4CFEC"><enum>(F)</enum><text>Subpart 3 of part
			 A of title VII (20 U.S.C. 1136 et seq.; relating to the Thurgood Marshall Legal
			 Educational Opportunity Program).</text>
							</subparagraph><subparagraph id="HED246709D4FD408997100FD409243659"><enum>(G)</enum><text display-inline="yes-display-inline">Subpart 1 of part D of title VII (20 U.S.C.
			 1140a et seq.; relating to demonstration projects to support postsecondary
			 faculty, staff, and administrators in educating students with
			 disabilities).</text>
							</subparagraph><subparagraph id="H972D4F89E2A548ABBAC6BFE6B2C340DF"><enum>(H)</enum><text display-inline="yes-display-inline">Part E of title VII (20 U.S.C. 1141;
			 relating to the College Access Challenge Grant program).</text>
							</subparagraph><subparagraph id="HFE6DA279BCD64FD0AB4E6E8877F70FF4"><enum>(I)</enum><text>Part C of title
			 VIII (20 U.S.C. 1161c; relating to business workforce partnerships for job
			 skill training in high-growth occupations or industries).</text>
							</subparagraph><subparagraph id="HC50CE63F1D844C79BF91145237877063"><enum>(J)</enum><text>Part G of title
			 VIII (20 U.S.C. 1161h; relating to the Patsy Mink Fellowship program).</text>
							</subparagraph><subparagraph id="H13A5ED90F723483693E57689C0E3D8C7"><enum>(K)</enum><text>Part I of title
			 VIII (20 U.S.C. 1161i et seq.; relating to the Early Childhood Education
			 Professional Development and Career Task Force).</text>
							</subparagraph><subparagraph id="H8ECFED4EE2D5498F94E52AC2A85EA308"><enum>(L)</enum><text>Part J of title
			 VIII (20 U.S.C. 1161j; relating to improving science, technology, engineering,
			 and mathematics education with a focus on Alaska Native and Native Hawaiian
			 students).</text>
							</subparagraph><subparagraph id="H2FFF5442DDCB40AB96E72D8515873C6F"><enum>(M)</enum><text display-inline="yes-display-inline">Part K of title VIII (20 U.S.C. 1161k;
			 relating to pilot programs to increase college persistence and success).</text>
							</subparagraph><subparagraph id="HA5E849C9D2D24D26A2F88428DF277A8F"><enum>(N)</enum><text display-inline="yes-display-inline">Part M of title VIII (20 U.S.C. 1161m;
			 relating to low tuition).</text>
							</subparagraph><subparagraph id="H757C3B4925454F42A166E5B7691F5933"><enum>(O)</enum><text display-inline="yes-display-inline">Part N of title VIII (20 U.S.C. 1161n et
			 seq.; relating to cooperative education).</text>
							</subparagraph><subparagraph id="HE9118C711A824C239FA99402DD66C1AF"><enum>(P)</enum><text display-inline="yes-display-inline">Part P of title VIII (20 U.S.C. 1161p;
			 relating to grants to create bridges from jobs to careers).</text>
							</subparagraph><subparagraph id="H53C06EF6769C49539B1BC06DBFDEA1BB"><enum>(Q)</enum><text display-inline="yes-display-inline">Part Q of title VIII (20 U.S.C. 1161q;
			 relating to rural development grants).</text>
							</subparagraph><subparagraph id="H7F08FC052D6B4EF6B482661321C0936B"><enum>(R)</enum><text display-inline="yes-display-inline">Part S of title VIII (20 U.S.C. 1161s;
			 relating to training for realtime writers).</text>
							</subparagraph><subparagraph id="HA7FCE73E427F4B9D91F41E8DAD976F3B"><enum>(S)</enum><text display-inline="yes-display-inline">Part V of title VIII (20 U.S.C. 1161v;
			 relating to modeling and simulation programs).</text>
							</subparagraph><subparagraph id="H55B00259645249FA817EE96123DBC97B"><enum>(T)</enum><text display-inline="yes-display-inline">Part W of title VIII (20 U.S.C. 1161w;
			 relating to Path to Success).</text>
							</subparagraph><subparagraph id="HC6A0AE12F409422BB85E140F8084F667"><enum>(U)</enum><text>Part X of title
			 VIII (20 U.S.C. 1161x; relating to the School of Veterinary Medicine
			 Competitive Grant Program).</text>
							</subparagraph><subparagraph id="H831C94A5AB4243C08509F355F6465ED2"><enum>(V)</enum><text display-inline="yes-display-inline">Part Z of title VIII (20 U.S.C. 1161z;
			 relating to the Henry Kuualoha Giugni Kupuna Memorial Archives).</text>
							</subparagraph></paragraph><paragraph id="HA5A3AB0986E549DD983DF4953662CAFC"><enum>(2)</enum><header>Higher Education
			 Amendments of 1998</header><text display-inline="yes-display-inline">The
			 following provisions of the Higher Education Amendments of 1998 (Public Law
			 105–244) are hereby repealed:</text>
							<subparagraph commented="no" id="HCDB44D07683B44DEBE7D023C7F0822A5"><enum>(A)</enum><text display-inline="yes-display-inline">Part D of title VIII (20 U.S.C. 1151;
			 relating to the Incarcerated Youth Program).</text>
							</subparagraph><subparagraph id="HD9BB34C8D6B843F79013E6601F2501F4"><enum>(B)</enum><text>Part H of title
			 VIII (20 U.S.C. 1153; relating to the Underground Railroad Educational and
			 Cultural Program).</text>
							</subparagraph></paragraph><paragraph commented="no" id="H00C0C77CDFC4486EB5F05FBCB5BBD90C"><enum>(3)</enum><header>Other higher
			 education laws</header><text>The following provisions of law are hereby
			 repealed:</text>
							<subparagraph commented="no" display-inline="no-display-inline" id="HE6354B3BFF524D9280D170C873E0C0A4"><enum>(A)</enum><text display-inline="yes-display-inline">Section 121 of the Education of the Deaf
			 Act of 1986 (20 U.S.C. 4341; relating to Cultural Experiences Grants).</text>
							</subparagraph><subparagraph commented="no" id="HE70F3E3E55EF4E808BC31BC6AD6399F6"><enum>(B)</enum><text>Section 802 of the
			 Higher Education Opportunity Act (20 U.S.C. 9631; relating to the National
			 Center for Research in Advanced Information and Digital Technologies).</text>
							</subparagraph><subparagraph commented="no" id="H44EBB9E9F6B04F7BBE64633CE3E89DE7"><enum>(C)</enum><text display-inline="yes-display-inline">Section 5(c) of the Stevenson-Wydler
			 Technology Innovation Act of 1980 (15 U.S.C. 3704(c); relating to the Minority
			 Serving Institution Digital and Wireless Technology Opportunity
			 Program).</text>
							</subparagraph><subparagraph commented="no" id="HABCF44FC9933493E9829DF942922B08D"><enum>(D)</enum><text>Part E of title XV
			 of the Higher Education Amendments of 1992 (20 U.S.C. 1070 note; Public Law
			 102–325; relating to B.J. Stupak Olympic Scholarships).</text>
							</subparagraph></paragraph></subsection><subsection id="HDBDD42508D2C422EB447AFF398E9EB05"><enum>(e)</enum><header>Literacy program
			 for prisoners</header><text>Notwithstanding the provisions under the heading
			 <quote>Safe Schools and Citizenship Education</quote> in title III of division
			 F of Public Law 108–447 (118 Stat. 3145), the Secretary may not obligate any
			 funds to carry out section 601 of the National Literacy Act of 1991 (Public Law
			 102–73; 105 Stat. 356; relating to literacy for prisoners).</text>
					</subsection><subsection id="HBB2A995A63914C01B54B5FD91D8B0EBB"><enum>(f)</enum><header>Loan repayment
			 for prosecutors and public defenders</header><text>The first part JJ of title I
			 of the Omnibus Crime Control and Safe Streets Act of 1968 (section 952 of
			 Public Law 110–315; relating to loan repayment for prosecutors and public
			 defenders) is hereby repealed.</text>
					</subsection><subsection commented="no" id="H6F7EF30873B24037AC4EF444FEB136BB"><enum>(g)</enum><header>Career and
			 technical education programs</header><text>Title II of the Carl D. Perkins
			 Career and Technical Education Act of 2006 (20 U.S.C. 2371 et seq.) is hereby
			 repealed.</text>
					</subsection><subsection id="H0603B54B95004F4A98220BACFE7868A1"><enum>(h)</enum><header>Special Olympics
			 Sport and Empowerment Act of 2004 program</header><text>Section 3(a) of the
			 Special Olympics Sport and Empowerment Act of 2004 (42 U.S.C. 15001 note;
			 relating to education activities) is hereby repealed.</text>
					</subsection><subsection id="H4A261FA665CE405AA67B0152874D129D"><enum>(i)</enum><header>Head Start Act
			 program</header><text>Section 657B of the Head Start Act (42 U.S.C. 9852b;
			 relating to Centers of Excellence in Early Childhood) is hereby
			 repealed.</text>
					</subsection><subsection id="H7F5DDCE688DC4701AB80A4C5A034FEE4"><enum>(j)</enum><header>Workforce
			 Investment Act program</header><text>Section 171(e) of the Workforce Investment
			 Act (20 U.S.C. 2916(e); relating to the Energy Efficiency and Renewable Energy
			 Worker Training Program) is hereby repealed.</text>
					</subsection><subsection id="H06ACC7D7F8D141CF8BCF879DC0499BC4"><enum>(k)</enum><header>The National
			 Environmental Education Act</header><text>The National Environmental Education
			 Act (20 U.S.C. 5501 et seq.) is hereby repealed.</text>
					</subsection><subsection id="H40880B37DF3545BC84485D6336AF7272"><enum>(l)</enum><header>America COMPETES
			 Act</header><text display-inline="yes-display-inline">Part I of subtitle A of
			 title VI of the America COMPETES Act (20 U.S.C. 9811 et seq.; relating to
			 Teachers for a Competitive Tomorrow) is hereby repealed.</text>
					</subsection></section><section id="H38B8C33BBBDF4F71B561B34EAC434D76"><enum>507.</enum><header>Repeal of
			 temporary increase of Medicaid FMAP</header><text display-inline="no-display-inline">Effective as of the date of the enactment of
			 this Act, section 5001 of the American Recovery and Reinvestment Act of 2009
			 (42 U.S.C. 1396d note) (relating to the temporary increase of the Medicaid
			 FMAP) is repealed.</text>
				</section><section id="HF9FBA67CDBCB4D8EA547BB46E8C7E650"><enum>508.</enum><header>Moratorium on
			 construction or leasing of new Federal buildings in District of Columbia until
			 January 2013</header>
					<subsection id="HFD263DAEBD944D0A87C8952C6EAC8BA4"><enum>(a)</enum><header>Prohibition</header><text display-inline="yes-display-inline">No funds may be expended for the
			 construction or lease of buildings or space in the District of Columbia for any
			 branch of the United States Government or any entity within such branch unless
			 a contract for the construction or lease was entered into before the date of
			 enactment of this Act.</text>
					</subsection><subsection id="H8FE2FF27CDC645128AF3D045F5044C16"><enum>(b)</enum><header>Exception</header><text>The
			 prohibition contained in subsection (a) does not apply in any case in which the
			 expenditure of funds for the purposes described in subsection (a) is necessary
			 in the interests of national security.</text>
					</subsection><subsection id="HFB41BB11EC464B5C872E603751961E49"><enum>(c)</enum><header>Expiration</header><text>The
			 prohibition contained in subsection (a) shall expire on January 1, 2013.</text>
					</subsection></section></subtitle><subtitle id="HE3393EDEAFE74B4D9A4431C2E825B013"><enum>B</enum><header>Elimination of
			 Presidential Election Campaign Fund</header>
				<section id="H05E3468C273A4E1596B71E856125D5FC" section-type="subsequent-section"><enum>511.</enum><header>Termination of
			 taxpayer financing of Presidential election campaigns</header>
					<subsection id="HE99AF9562B33497090CD796522ADBCFD"><enum>(a)</enum><header>Termination of
			 designation of income tax payments</header><text>Section 6096 of the Internal
			 Revenue Code of 1986 is amended by adding at the end the following new
			 subsection:</text>
						<quoted-block id="H53A892362FE14FBC802E1219051D4883">
							<subsection id="HA421E24026F64ACC9D599F924A41024F"><enum>(d)</enum><header>Termination</header><text>This
				section shall not apply to taxable years beginning after December 31,
				2010.</text>
							</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
					</subsection><subsection id="HE86A87FE45AB4B2BBD500BBCF1E4127B"><enum>(b)</enum><header>Termination of
			 fund and account</header>
						<paragraph id="H1E1501D4E27448D3A88B869CF33789BF"><enum>(1)</enum><header>Termination of
			 presidential election campaign fund</header>
							<subparagraph id="HA785BB4E9C9E438CA88E3FF0E77ED6D5"><enum>(A)</enum><header>In
			 general</header><text>Chapter 95 of subtitle H of such Code is amended by
			 adding at the end the following new section:</text>
								<quoted-block id="HA27154848C0045EDBD2C94A59DDAA9D7">
									<section id="H09155A4B6A174691B19501D51BCA4382"><enum>9014.</enum><header>Termination</header><text display-inline="no-display-inline">The provisions of this chapter shall not
				apply with respect to any Presidential election (or any Presidential nominating
				convention) after December 31, 2010, or to any candidate in such an
				election.</text>
									</section><after-quoted-block>.</after-quoted-block></quoted-block>
							</subparagraph><subparagraph id="H29323DA64D9442EBAA13530A40BD3113"><enum>(B)</enum><header>Transfer of
			 excess funds to general fund</header><text>Section 9006 of such Code is amended
			 by adding at the end the following new subsection:</text>
								<quoted-block id="HA092810B093F45CABA148355D520CAEF">
									<subsection id="H36F6500BFAAF4BE4A4093B12A0DF0D76"><enum>(d)</enum><header>Transfer of
				funds remaining after 2009</header><text>The Secretary shall transfer all
				amounts in the fund after December 31, 2011, to the general fund of the
				Treasury.</text>
									</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
							</subparagraph></paragraph><paragraph id="H30503EE71C2447B181196495752C971A"><enum>(2)</enum><header>Termination of
			 account</header><text>Chapter 96 of subtitle H of such Code is amended by
			 adding at the end the following new section:</text>
							<quoted-block id="HA0FAD58CF9414A8F99896458B16EDE4A">
								<section id="H2158D9E394F44295B4A92C4573031BF9"><enum>9043.</enum><header>Termination</header><text display-inline="no-display-inline">The provisions of this chapter shall not
				apply to any candidate with respect to any Presidential election after December
				31,
				2010.</text>
								</section><after-quoted-block>.</after-quoted-block></quoted-block>
						</paragraph></subsection><subsection display-inline="no-display-inline" id="HB7C339FF22D84E808519D6CE714F59DB"><enum>(c)</enum><header>Clerical
			 amendments</header>
						<paragraph id="H08D86A6F6B1B4FB5BB5DBE3C242B492E"><enum>(1)</enum><text>The table of
			 sections for chapter 95 of subtitle H of such Code is amended by adding at the
			 end the following new item:</text>
							<quoted-block id="HA951CFD43ACE4E308D2441C142E7480B" style="USC">
								<toc regeneration="no-regeneration">
									<toc-entry level="section">Sec. 9014.
				Termination.</toc-entry>
								</toc>
								<after-quoted-block>.</after-quoted-block></quoted-block>
						</paragraph><paragraph id="H2F8FFC3A8D9444F9987C912759931838"><enum>(2)</enum><text>The table of
			 sections for chapter 96 of subtitle H of such Code is amended by adding at the
			 end the following new item:</text>
							<quoted-block id="HBDB18CF70A3A45A582E9C67EE97935E0" style="USC">
								<toc regeneration="no-regeneration">
									<toc-entry level="section">Sec. 9043.
				Termination.</toc-entry>
								</toc>
								<after-quoted-block>.</after-quoted-block></quoted-block>
						</paragraph></subsection></section></subtitle><subtitle id="H6F452DF6CDA64CD6987627895C62AD7E"><enum>C</enum><header>Repeal of sugar
			 price support and other programs</header>
				<section id="H8AF04777B9D6419382BE22B9A1B52207"><enum>521.</enum><header>Repeal of sugar
			 price support program and marketing allotments for sugar</header>
					<subsection id="H154282DA80514D0A9BA9454254BABE72"><enum>(a)</enum><header>Sugar
			 program</header>
						<paragraph id="H05A6D5C8995C4FF4A2978BA1226802D4"><enum>(1)</enum><header>Repeal</header><text display-inline="yes-display-inline">Section 156 of the Federal Agriculture
			 Improvement and Reform Act of 1996 (7 U.S.C. 7272) is repealed.</text>
						</paragraph><paragraph id="H07338FF665474AC4B476643DF935209F"><enum>(2)</enum><header>Related
			 feedstock flexibility program for bioenergy producers</header><text display-inline="yes-display-inline">Section 9010 of the Farm Security and Rural
			 Investment Act of 2002 (7 U.S.C. 8110) is repealed.</text>
						</paragraph></subsection><subsection id="H26159F02A5214832ACCA3D4A1A0A8506"><enum>(b)</enum><header>Marketing
			 allotments for sugar</header>
						<paragraph id="H0571C0E62902476FA36FE7B7AE0D3436"><enum>(1)</enum><header>Repeal</header><text display-inline="yes-display-inline">Part VII of subtitle B of title III of the
			 Agricultural Adjustment Act of 1938 (7 U.S.C. 1359aa–1359ll), except section
			 359k (7 U.S.C. 1359kk), is repealed.</text>
						</paragraph><paragraph id="H00199E108F784196B61148C70E050DB8"><enum>(2)</enum><header>Conforming
			 amendment</header><text display-inline="yes-display-inline">Section 359k of the
			 Agricultural Adjustment Act of 1938 (7 U.S.C. 1359kk) is amended to read as
			 follows:</text>
							<quoted-block display-inline="no-display-inline" id="H8EA1A60DB4A84FB4AFAFEC0A11AA5D6F" style="OLC">
								<section id="H4B52C94976E94AE0BB1084EE6BE2CE91"><enum>359k.</enum><header>Administration
				of tariff rate quotas</header>
									<subsection id="HEBBC7EECCDB64F02B3C957A6705670B8"><enum>(a)</enum><header>Establishment</header><text display-inline="yes-display-inline">Except as provided in subsection (c) and
				notwithstanding any other provision of law, the Secretary shall establish the
				tariff-rate quotas for raw cane sugar and refined sugars for a quota year at
				the level necessary to ensure—</text>
										<paragraph id="HE4AABD40D97347AABC5398D975BB9442"><enum>(1)</enum><text>a robust and
				competitive sugar processing industry in the United States; and</text>
										</paragraph><paragraph id="HB90F63671A034C14A3FD09B3548F144C"><enum>(2)</enum><text>an adequate supply
				of sugar at reasonable prices in the United States.</text>
										</paragraph></subsection><subsection id="HB0ADEA1FF6B7409E9E9C37308AFF21C6"><enum>(b)</enum><header>Factors</header><text display-inline="yes-display-inline">In determining the tariff-rate quotas
				necessary to satisfy the requirements of paragraphs (1) and (2) of subsection
				(a), the Secretary shall consider the following:</text>
										<paragraph id="HE9459C8CB0264385904E27222F931263"><enum>(1)</enum><text>The quantity of
				sugar that will be subject to human consumption in the United States during the
				quota year.</text>
										</paragraph><paragraph id="H3FCD9111072047959F45BE3342FD45E0"><enum>(2)</enum><text>The quantity of
				sugar that will be available from the domestic processing of sugarcane, sugar
				beets, and in-process beet sugar.</text>
										</paragraph><paragraph id="H7DD510AA6551429C9DE562CECEA49E6B"><enum>(3)</enum><text>The quantity of
				sugar that would provide for reasonable carryover stocks.</text>
										</paragraph><paragraph id="HD43A867E50964D669C68F0023BF295E4"><enum>(4)</enum><text>The quantity of
				sugar that will be available from carry-over stocks for human consumption in
				the United States during the quota year.</text>
										</paragraph><paragraph id="H8FB53AF066DD460AA4E498FDCDFBF519"><enum>(5)</enum><text display-inline="yes-display-inline">United States obligations under
				international trade agreements that have been approved by Congress.</text>
										</paragraph></subsection><subsection id="H08D274D34FBF4961BEE75AEA43BA7A19"><enum>(c)</enum><header>Exception</header><text display-inline="yes-display-inline">Subsection (a) shall not apply to specialty
				sugar.</text>
									</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
						</paragraph></subsection><subsection id="HE6BEE3018F3A41D69E21FF40648A680A"><enum>(c)</enum><header>Permanent price
			 support levels for designated nonbasic agricultural commodities</header>
						<paragraph id="H59D4628D3E1E4A49B311B88387D44672"><enum>(1)</enum><header>Repeal</header><text display-inline="yes-display-inline">Section 201(a) of the Agricultural Act of
			 1949 (7 U.S.C. 1446(a)) is amended by striking <quote>milk, sugar beets, and
			 sugarcane</quote> and inserting <quote>and milk</quote>.</text>
						</paragraph><paragraph id="H4150EBF1D73F447283DA09228976D1C7"><enum>(2)</enum><header>Conforming
			 amendment</header><text display-inline="yes-display-inline">Section 301 of the
			 Agricultural Act of 1949 (7 U.S.C. 1447) is amended by inserting <quote>(other
			 than sugar beets and sugarcane)</quote> after <quote>any nonbasic agricultural
			 commodity</quote>.</text>
						</paragraph></subsection><subsection id="HE2794535AD9E49AC9D5DF29CD0257B27"><enum>(d)</enum><header>Storage facility
			 loans</header><text>Section 1402 of the Farm Security and Rural Investment Act
			 of 2002 (7 U.S.C. 7971) is repealed.</text>
					</subsection><subsection id="H9DF1C57DBF0341DEA8C042488C8788BE"><enum>(e)</enum><header>Storage
			 payments</header><text display-inline="yes-display-inline">Section 167 of the
			 Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7287) is
			 repealed.</text>
					</subsection></section><section id="H8B161184ED314CB7AA38E45C6368E661"><enum>522.</enum><header>Repeal of
			 market access program</header>
					<subsection id="HBD42E7D609C74A4181FC767CE728EDCD"><enum>(a)</enum><header>Repeal of
			 program</header><text display-inline="yes-display-inline">Section 203 of the
			 Agricultural Trade Act of 1978 (7 U.S.C. 5623) is repealed.</text>
					</subsection><subsection id="HD6A86A014384412DA15CB8BDAEA52886"><enum>(b)</enum><header>Repeal of
			 funding</header><text display-inline="yes-display-inline">Section 211 of the
			 Agricultural Trade Act of 1978 (7 U.S.C. 5641) is amended by striking
			 subsection (c).</text>
					</subsection></section><section id="H206611DA82D9465280C9DA994FC37C5A" section-type="subsequent-section"><enum>523.</enum><header>Termination of
			 availability of marketing assistance loans and loan deficiency payments for
			 mohair producers</header>
					<subsection id="H6AB1B29CD2244D9CAF5A2195B1739F72"><enum>(a)</enum><header>Removal of
			 mohair from eligible loan commodities</header><text display-inline="yes-display-inline">Section 1001(8) of the Food, Conservation,
			 and Energy Act of 2008 (7 U.S.C. 8702(8)) is amended by striking
			 <quote>mohair,</quote>.</text>
					</subsection><subsection id="HE04E9548EEB84977B678501CEB81C5EA"><enum>(b)</enum><header>Elimination of
			 future loan rates for mohair</header><text>Section 1202(c) of such Act (7
			 U.S.C. 8732(c)) is amended by striking paragraph (18).</text>
					</subsection></section></subtitle><subtitle id="H37A94DD4AB774193A559FA7BB7C8AEB5"><enum>D</enum><header>Federal Real
			 Property Disposal Pilot Program</header>
				<section id="H0D0EBD398E80477084382CA455A8A1B6"><enum>531.</enum><header>Federal Real
			 Property Disposal Pilot Program</header>
					<subsection id="HB2602A93A15A430D92D4017C46151987"><enum>(a)</enum><header>In
			 general</header><text display-inline="yes-display-inline">Chapter 5 of subtitle
			 I of title 40, United States Code, is amended by adding at the end the
			 following:</text>
						<quoted-block display-inline="no-display-inline" id="HC14B5B88DB7740C9B779A3BF75224555" style="USC">
							<subchapter id="H60CE5BE9DA67464DBD3C4EB6D106FA84"><enum>VII</enum><header>Expedited
				Disposal of Real Property</header>
								<section id="HD0940037A80649E69FD7910757DB7D02"><enum>621.</enum><header>Pilot
				program</header>
									<subsection id="HEBC65EAFE0234718A3F2083104E6510C"><enum>(a)</enum><text>The Director of
				the Office of Management and Budget (in this subchapter referred to as the
				<quote>Director</quote>) shall conduct a pilot program, to be known as the
				<quote>Federal Real Property Disposal Pilot Program</quote>, under which real
				property that is not meeting Federal Government needs may be disposed of in
				accordance with this subchapter.</text>
									</subsection><subsection id="HE9EFF95F6A504AE9AA24713EA10991E7"><enum>(b)</enum><text>For purposes of
				this subchapter, the Director shall identify criteria for determining whether
				real property is not meeting Federal Government needs.</text>
									</subsection><subsection id="HE8FD60E623444A52823FFD000F810AFB"><enum>(c)</enum><text display-inline="yes-display-inline">For the fiscal years 2011 through 2020, the
				Director shall dispose of real property generating proceeds of not less
				$19,000,000,000 under the Federal Real Property Disposal Pilot Program.</text>
									</subsection><subsection id="H579D6683607642AC95662B06A53A5637"><enum>(d)</enum><text display-inline="yes-display-inline">The Director shall not include for purposes
				of the Federal Real Property Disposal Pilot Program any parcel of real
				property, building, or other structure located on such real property that is to
				be closed or realigned under the Defense Base Closure and Realignment Act of
				1990 (10 U.S.C. 2687 note).</text>
									</subsection><subsection id="H6428A1FD24CB4F2B9D7A5E8C977B9DBF"><enum>(e)</enum><text>The Federal Real
				Property Disposal Pilot Program shall terminate on September 30, 2020.</text>
									</subsection></section><section id="HB1D50FE8E8F04B3A99015CA00DBEE0CF"><enum>622.</enum><header>Selection of
				real properties</header><text display-inline="no-display-inline">Agencies will
				recommend candidate disposition properties to the Director for participation in
				the pilot program. The Director, with the concurrence of the head of the
				executive agency concerned and consistent with the criteria established in
				section 621, may then select such candidate properties for participation in the
				pilot program and notify the recommending agency accordingly.</text>
								</section><section id="H6D856F6FBD3149409C1D5610DEED6CC9"><enum>623.</enum><header>Expedited
				disposal requirements</header>
									<subsection id="H80EB29199ACE4DC3B3C5440FCE182D62"><enum>(a)</enum><text>For purposes of
				the pilot program, an <term>expedited disposal of a real property</term> is a
				sale of real property for cash that is conducted pursuant to the requirements
				of section 545 of this title.</text>
									</subsection><subsection id="HF5B0A9876B72468BA103F0E4FBBCCBEC"><enum>(b)</enum><text>Real property sold
				under the pilot program must be sold at not less than the fair market value as
				determined by the Director in consultation with the head of the executive
				agency. Costs associated with disposal may not exceed the fair market value of
				the property unless the Director approves incurring such costs.</text>
									</subsection><subsection id="H03A137430D464CE3A3224DCA929EF608"><enum>(c)</enum><text>A real property
				may be sold under the pilot program only if the property will generate monetary
				proceeds to the Federal Government, as provided in subsection (b). A disposal
				of real property under the pilot program may not include any exchange, trade,
				transfer, acquisition of like-kind property, or other noncash transaction as
				part of the disposal.</text>
									</subsection><subsection id="HE3A1269D95EC4387BFE890B63F1CAF7F"><enum>(d)</enum><text>Nothing in this
				subchapter shall be construed as terminating or in any way limiting authorities
				that are otherwise available to agencies under other provisions of law to
				dispose of Federal real property, except as provided in subsection (e).</text>
									</subsection><subsection id="H816FCAE4073C415DA52B193383252450"><enum>(e)</enum><text>Any expedited
				disposal of a real property conducted under this section shall not be subject
				to—</text>
										<paragraph id="H4B5168FDF1BD4D619B959E26CEE63AE4"><enum>(1)</enum><text>subchapter IV of
				this chapter;</text>
										</paragraph><paragraph id="H6F33F8C06AD7437DA8FFAC65E43CEEC3"><enum>(2)</enum><text>sections 550 and
				553 of title 40, United States Code;</text>
										</paragraph><paragraph id="HCDBA6C0FAC0A4F4BB34DE856B569479B"><enum>(3)</enum><text>section 501 of the
				McKinney-Vento Homeless Assistance Act (42 U.S.C. 11411);</text>
										</paragraph><paragraph id="HA13EC1A624C347AEB45040D5E311875A"><enum>(4)</enum><text>any other
				provision of law authorizing the no-cost conveyance of real property owned by
				the Federal Government; or</text>
										</paragraph><paragraph id="H3D27A06CBE3D40F387A4FABCA4393EFA"><enum>(5)</enum><text>any congressional
				notification requirement other than that in section 545 of this title.</text>
										</paragraph></subsection></section><section id="HD693EFC9E83B4EC8A22F9971A5707FC4"><enum>624.</enum><header>Special rules
				for deposit and use of proceeds from expedited disposals</header>
									<subsection id="H917964129F9444DEACCA0A8CE7F345BF"><enum>(a)</enum><text>Agencies that
				conduct expedited disposals of real properties under this subchapter shall be
				reimbursed from the proceeds for the administrative expenses associated with
				the disposal of such properties. Such amounts will be credited as offsetting
				collections to the account that incurred such expenses, to remain available
				until expended without further appropriations.</text>
									</subsection><subsection id="H3C0D4CE272824C0B8A8A62C5E7C3EEEA"><enum>(b)</enum><text>After payment of
				such administrative costs, the balance of the proceeds shall be distributed as
				follows:</text>
										<paragraph id="H3F54909A930C475C93E97BDD3D4676D4"><enum>(1)</enum><text>80 percent shall
				be deposited into the Treasury as miscellaneous receipts.</text>
										</paragraph><paragraph id="H83249F81A72F4A4BBF6EF428C9E357CB"><enum>(2)</enum><text>20 percent shall
				be deposited into the account of the agency that owned the real property and
				initiated the disposal action. Such funds shall be available without further
				appropriation, to remain available for the period of the pilot program, for
				activities related to Federal real property capital improvements and disposal
				activities. Upon termination of the pilot program, any unobligated amounts
				shall be transferred to the general fund of the
				Treasury.</text>
										</paragraph></subsection></section></subchapter><after-quoted-block>.</after-quoted-block></quoted-block>
					</subsection><subsection id="H5B87339020834DC18BFC71C1725B6C28"><enum>(b)</enum><header>Clerical
			 amendment</header><text>The table of sections at the beginning of chapter 5 of
			 subtitle I of title 40, United States Code, is amended by inserting after the
			 item relating to section 611 the following:</text>
						<quoted-block id="H424015AD2B1E4154A41E6BB0F9971C6B" style="USC">
							<toc>
								<toc-entry idref="H60CE5BE9DA67464DBD3C4EB6D106FA84" level="subchapter">SUBCHAPTER VII—Expedited Disposal of Real
				Property</toc-entry>
								<toc-entry idref="HD0940037A80649E69FD7910757DB7D02" level="section">Sec. 621. Pilot program.</toc-entry>
								<toc-entry idref="HB1D50FE8E8F04B3A99015CA00DBEE0CF" level="section">Sec. 622. Selection of real properties.</toc-entry>
								<toc-entry idref="H6D856F6FBD3149409C1D5610DEED6CC9" level="section">Sec. 623. Expedited disposal requirements.</toc-entry>
								<toc-entry idref="HD693EFC9E83B4EC8A22F9971A5707FC4" level="section">Sec. 624. Special rules for deposit and use of proceeds from
				expedited
				disposals.</toc-entry>
							</toc>
							<after-quoted-block>.</after-quoted-block></quoted-block>
					</subsection></section></subtitle></title><title id="H189540A4114F4B1E8A6E3E6727CC1917"><enum>VI</enum><header>Fannie Mae and
			 Freddie Mac</header>
			<section id="HE47B67608F674DB49C4D6F83A4B522F0" section-type="subsequent-section"><enum>601.</enum><header>Short
			 title</header><text display-inline="no-display-inline">This title may be cited
			 as the <quote><short-title>GSE Bailout Elimination and
			 Taxpayer Protection Act</short-title></quote>.</text>
			</section><section id="H3AC8BB5B80DB47FCAA1370B794EED8F6"><enum>602.</enum><header>Definitions</header><text display-inline="no-display-inline">For purposes of this title, the following
			 definitions shall apply:</text>
				<paragraph id="H80A79F86AD644263A20FE5CF82F5AC2C"><enum>(1)</enum><header>Charter</header><text>The
			 term <quote>charter</quote> means—</text>
					<subparagraph id="H1788B13C099649D6A80D945F699959B7"><enum>(A)</enum><text>with respect to
			 the Federal National Mortgage Association, the Federal National Mortgage
			 Association Charter Act (12 U.S.C. 1716 et seq.); and</text>
					</subparagraph><subparagraph id="H27B1E360F2234FAF80BE05C112E5D679"><enum>(B)</enum><text>with respect to
			 the Federal Home Loan Mortgage Corporation, the Federal Home Loan Mortgage
			 Corporation Act (12 U.S.C. 1451 et seq.).</text>
					</subparagraph></paragraph><paragraph id="HDE6902C972A5488DAD23B1AB8A59E126"><enum>(2)</enum><header>Director</header><text display-inline="yes-display-inline">The term <quote>Director</quote> means the
			 Director of the Federal Housing Finance Agency.</text>
				</paragraph><paragraph id="H91CEEE0E61E44CB0A98376C71BB235E1"><enum>(3)</enum><header>Enterprise</header><text>The
			 term <quote>enterprise</quote> means—</text>
					<subparagraph id="HD0ECDF2D327341A5BC6A75930FE5AEE4"><enum>(A)</enum><text>the Federal
			 National Mortgage Association; and</text>
					</subparagraph><subparagraph id="HB6A8E934F6DD4B028D79A6A9AAA8861A"><enum>(B)</enum><text>the Federal Home
			 Loan Mortgage Corporation.</text>
					</subparagraph></paragraph><paragraph id="H8E7A0453D6ED4331946322AEABE8855E"><enum>(4)</enum><header>Guarantee</header><text display-inline="yes-display-inline">The term <quote>guarantee</quote> means,
			 with respect to an enterprise, the credit support of the enterprise that is
			 provided by the Federal Government through its charter as a
			 Government-sponsored enterprise.</text>
				</paragraph></section><section id="HA2A0505519004B66B282C07900BC1D11" section-type="subsequent-section"><enum>603.</enum><header>Termination of
			 current conservatorship</header>
				<subsection id="H69DCFB60F21E4AAAA15CC7E143701CEF"><enum>(a)</enum><header>In
			 general</header><text display-inline="yes-display-inline">Upon the expiration
			 of the period referred to in subsection (b), the Director of the Federal
			 Housing Finance Agency shall determine, with respect to each enterprise, if the
			 enterprise is financially viable at that time and—</text>
					<paragraph id="H12AC80B6F53F46EDB6A4033846E2097A"><enum>(1)</enum><text display-inline="yes-display-inline">if the Director determines that the
			 enterprise is financially viable, immediately take all actions necessary to
			 terminate the conservatorship for the enterprise that is in effect pursuant to
			 section 1367 of the Federal Housing Enterprises Financial Safety and Soundness
			 Act of 1992 (12 U.S.C. 4617); or</text>
					</paragraph><paragraph id="H2CC9E549AAFC47779CDA0BB02A60803B"><enum>(2)</enum><text display-inline="yes-display-inline">if the Director determines that the
			 enterprise is not financially viable, immediately appoint the Federal Housing
			 Finance Agency as receiver under section 1367 of the Federal Housing
			 Enterprises Financial Safety and Soundness Act of 1992 and carry out such
			 receivership under the authority of such section.</text>
					</paragraph></subsection><subsection id="HBC1285D7CBE543BB9F3AEE2C13F6CDCB"><enum>(b)</enum><header>Timing</header><text display-inline="yes-display-inline">The period referred to in this subsection
			 is, with respect to an enterprise—</text>
					<paragraph id="HC7BA5F9DF2D6430D99CABBEA225AECF9"><enum>(1)</enum><text>except as provided
			 in paragraph (2), the 24-month period beginning upon the date of the enactment
			 of this Act; or</text>
					</paragraph><paragraph id="HA93E949279B046D890E68084CC3F19DB"><enum>(2)</enum><text>if the Director
			 determines before the expiration of the period referred to in paragraph (1)
			 that the financial markets would be adversely affected without the extension of
			 such period under this paragraph with respect to that enterprise, and upon
			 making such determination notifies the Congress in writing of such
			 determination, the 30-month period beginning upon the date of the enactment of
			 this Act.</text>
					</paragraph></subsection><subsection commented="no" id="HBF22DAF614AB4FD2AE0D00D08C9FD9E3"><enum>(c)</enum><header>Financial
			 viability</header><text>The Director may not determine that an enterprise is
			 financially viable for purposes of subsection (a) if the Director determines
			 that any of the conditions for receivership set forth in paragraph (3) or (4)
			 of section 1367(a) of the Federal Housing Enterprises Financial Safety and
			 Soundness Act of 1992 (12 U.S.C. 4617(a)) exist at the time with respect to the
			 enterprise.</text>
				</subsection></section><section id="H203EA8F67A9D4E468DBA3E24104CE1B1"><enum>604.</enum><header>Limitation of
			 enterprise authority upon emergence from conservatorship</header>
				<subsection id="HC51A48B0B4F244C78F663C32DA6D6E3B"><enum>(a)</enum><header>Revised
			 authority</header><text>Upon the expiration of the period referred to in
			 section 3(b), if the Director makes the determination under section 3(a)(1),
			 the following provisions shall take effect:</text>
					<paragraph id="HF1FD7CA49CD6413C8AFA83D183551304"><enum>(1)</enum><header>Repeal of
			 housing goals</header>
						<subparagraph id="H2A65F72E6662467893541C0F6AC4CD33"><enum>(A)</enum><header>Repeal</header><text display-inline="yes-display-inline">The Federal Housing Enterprises Financial
			 Safety and Soundness Act of 1992 is amended by striking sections 1331 through
			 1336 (12 U.S.C. 4561–6).</text>
						</subparagraph><subparagraph id="HBB4BD13292504E1395522639EC2875AF"><enum>(B)</enum><header>Conforming
			 amendments</header><text display-inline="yes-display-inline">Federal Housing
			 Enterprises Financial Safety and Soundness Act of 1992 is amended—</text>
							<clause id="HCC94D2C962874F95BF89CF1849C7C614"><enum>(i)</enum><text>in
			 section 1303(28) (12 U.S.C. 4502(28)), by striking <quote>and, for the
			 purposes</quote> and all that follows through <quote>designated disaster
			 areas</quote>;</text>
							</clause><clause id="HF7B1FFBBB6B849929857D031BC1B0E59"><enum>(ii)</enum><text>in
			 section 1324(b)(1)(A) (12 U.S.C. 4544(b)(1)(A))—</text>
								<subclause id="HE80605DB253846FC9E95B249E2632F7E"><enum>(I)</enum><text display-inline="yes-display-inline">by striking clauses (i), (ii), and
			 (iv);</text>
								</subclause><subclause id="HD12655C3A79143C3BCC0ED4A0A7E0F3F"><enum>(II)</enum><text>in clause (iii),
			 by inserting <quote>and</quote> after the semicolon at the end; and</text>
								</subclause><subclause id="HE984400D3D7E477882614AF899D1EE4A"><enum>(III)</enum><text>by redesignating
			 clauses (iii) and (v) as clauses (i) and (ii), respectively;</text>
								</subclause></clause><clause id="H73E6D48109D143D890FEA4CDC715F24D"><enum>(iii)</enum><text>in
			 section 1338(c)(10) (12 U.S.C. 4568(c)(10)), by striking subparagraph
			 (E);</text>
							</clause><clause id="HC6D9E8F7CCB64B0C8E56290CA5354EF5"><enum>(iv)</enum><text>in
			 section 1339(h) (12 U.S.C. 4569), by striking paragraph (7);</text>
							</clause><clause id="HF2D88A5484B74F99B57EB60B11C0D0A2"><enum>(v)</enum><text>in
			 section 1341 (12 U.S.C. 4581)</text>
								<subclause id="H67FD4E75A545449DBED11D3D3E155A10"><enum>(I)</enum><text>in subsection
			 (a)—</text>
									<item id="HC152C524E2254D74B871955E2332B8F8"><enum>(aa)</enum><text>in
			 paragraph (1), by inserting <quote>or</quote> after the semicolon at the
			 end;</text>
									</item><item id="HD6496EE26A2A43E58B112757D2DF140B"><enum>(bb)</enum><text>in
			 paragraph (2), by striking the semicolon at the end and inserting a period;
			 and</text>
									</item><item id="H950A50D7905F4C7AAD2ABFAFB93919A5"><enum>(cc)</enum><text>by
			 striking paragraphs (3) and (4); and</text>
									</item></subclause><subclause id="H4A1F27817D29415EA849F90E51C1CB6F"><enum>(II)</enum><text>in subsection
			 (b)(2)—</text>
									<item id="H4E6A2D3471F645E68CCC035D2D790135"><enum>(aa)</enum><text display-inline="yes-display-inline">in subparagraph (A), by inserting
			 <quote>or</quote> after the semicolon at the end;</text>
									</item><item id="H3653E56E40E447129BE7F368BD9B9F00"><enum>(bb)</enum><text>by
			 striking subparagraphs (B) and (C); and</text>
									</item><item id="H3F1EDA6F428646F1814F5436DD204FC4"><enum>(cc)</enum><text>by
			 redesignating subparagraph (D) as subparagraph (B);</text>
									</item></subclause></clause><clause id="H2E7A4F43701E420E806DB288CCF1DA93"><enum>(vi)</enum><text>in
			 section 1345(a) (12 U.S.C. 4585(a))—</text>
								<subclause id="H5F66A5296AB34A12B386A37D0DFF7D89"><enum>(I)</enum><text>in paragraph (1),
			 by inserting <quote>or</quote> after the semicolon at the end;</text>
								</subclause><subclause id="H1238098C65C54CC68CF56F79DDA41719"><enum>(II)</enum><text>in paragraph (2),
			 by striking the semicolon at the end and inserting a period; and</text>
								</subclause><subclause id="H38A359CC16D14BA3839D9E17E6033BC1"><enum>(III)</enum><text>by striking
			 paragraphs (3) and (4); and</text>
								</subclause></clause><clause id="HF45F5FDDEBF549E287B77C1797CA688E"><enum>(vii)</enum><text>in
			 section 1371(a)(2) (12 U.S.C. 4631(a)(2))—</text>
								<subclause id="H17BA5A68E19147F9A70039FD8370AD8B"><enum>(I)</enum><text>by striking
			 <quote>with any housing goal established under subpart B of part 2 of subtitle
			 A of this title,</quote>; and</text>
								</subclause><subclause id="H84035E8D5E214A1F9FB9AD11BEF5E6EE"><enum>(II)</enum><text>by striking
			 <quote>section 1336 or</quote>.</text>
								</subclause></clause></subparagraph></paragraph><paragraph id="H10E215EED9F746F688FE68A91DE600FD"><enum>(2)</enum><header>Portfolio
			 limitations</header><text display-inline="yes-display-inline">Subtitle B of
			 title XIII of the Housing and Community Development Act of 1992 (12 U.S.C. 4611
			 et seq.) is amended by adding at the end the following new section:</text>
						<quoted-block display-inline="no-display-inline" id="HD7C93D78E60A47888CCB191467A1A7A5" style="OLC">
							<section id="HDD11102BB5784AFB945120958028F824"><enum>1369E.</enum><header>Restriction
				on mortgage assets of enterprises</header>
								<subsection id="H0BDE3AAAEE604DC5A281DAA5AB10ECB5"><enum>(a)</enum><header>Restriction</header><text display-inline="yes-display-inline">No enterprise shall own, as of any
				applicable date in this subsection or thereafter, mortgage assets in excess
				of—</text>
									<paragraph id="HBC11F308F200441EBD5644808DC9304E"><enum>(1)</enum><text>upon the
				expiration of the period referred to in section 3(b) of the
				<short-title>GSE Bailout Elimination and Taxpayer
				Protection Act</short-title> or thereafter, $850,000,000,000;</text>
									</paragraph><paragraph id="H1D1061075A75497CA754EE08C63D78DA"><enum>(2)</enum><text>upon the
				expiration of the 1-year period that begins on the date described in paragraph
				(1) or thereafter, $700,000,000,000;</text>
									</paragraph><paragraph id="HD481D059E04B45B5BCCC264A1A96B9E1"><enum>(3)</enum><text display-inline="yes-display-inline">upon the expiration of the 2-year period
				that begins on the date described in paragraph (1) or thereafter,
				$500,000,000,000; and</text>
									</paragraph><paragraph id="HA1909DB122F4457E8498EB325840B933"><enum>(4)</enum><text display-inline="yes-display-inline">upon the expiration of the 3-year period
				that begins on the date described in paragraph (1), $250,000,000,000.</text>
									</paragraph></subsection><subsection id="HDD697CED325443E78E01EDF366FD3DE5"><enum>(b)</enum><header>Definition of
				mortgage assets</header><text display-inline="yes-display-inline">For purposes
				of this section, the term <quote>mortgage assets</quote> means, with respect to
				an enterprise, assets of such enterprise consisting of mortgages, mortgage
				loans, mortgage-related securities, participation certificates, mortgage-backed
				commercial paper, obligations of real estate mortgage investment conduits and
				similar assets, in each case to the extent such assets would appear on the
				balance sheet of such enterprise in accordance with generally accepted
				accounting principles in effect in the United States as of September 7, 2008
				(as set forth in the opinions and pronouncements of the Accounting Principles
				Board and the American Institute of Certified Public Accountants and statements
				and pronouncements of the Financial Accounting Standards Board from time to
				time; and without giving any effect to any change that may be made after
				September 7, 2008, in respect of Statement of Financial Accounting Standards
				No. 140 or any similar accounting
				standard).</text>
								</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
					</paragraph><paragraph id="HF0C88A47274646CBB1700950FBF90385"><enum>(3)</enum><header>Increase in
			 minimum capital requirement</header><text display-inline="yes-display-inline">Section 1362 of the Federal Housing
			 Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4612), as
			 amended by section 1111 of the Housing and Economic Recovery Act of 2008
			 (Public Law 110–289), is amended—</text>
						<subparagraph id="HE4BD27BD29FC4D7DBCE35A7B88BEE26C"><enum>(A)</enum><text>in subsection (a),
			 by striking <quote>For purposes of this subtitle, the minimum capital level for
			 each enterprise shall be</quote> and inserting <quote>The minimum capital level
			 established under subsection (g) for each enterprise may not be lower
			 than</quote>;</text>
						</subparagraph><subparagraph id="HB27852B1055B429CBA0D95FAC03C50E6"><enum>(B)</enum><text>in subsection
			 (c)—</text>
							<clause id="HD42C429464CB46DDB838255647C6349D"><enum>(i)</enum><text>by
			 striking <quote>subsections (a) and</quote> and inserting
			 <quote>subsection</quote>;</text>
							</clause><clause id="H17548F94168C447DB8EC060CE086916A"><enum>(ii)</enum><text>by
			 striking <quote>regulated entities</quote> the first place such term appears
			 and inserting <quote>Federal Home Loan Banks</quote>;</text>
							</clause><clause id="H1D597E3DDF2B46ECBE6FE907EF8D6DBF"><enum>(iii)</enum><text>by
			 striking <quote>for the enterprises,</quote>;</text>
							</clause><clause id="H296DC9860D424B6286A8004B5CFB4EBF"><enum>(iv)</enum><text>by
			 striking <quote>, or for both the enterprises and the banks,</quote>;</text>
							</clause><clause id="HE7B63BAFEDBF4FBB918E799083A86C21"><enum>(v)</enum><text>by
			 striking <quote>the level specified in subsection (a) for the enterprises
			 or</quote>; and</text>
							</clause><clause id="HCF211A72C4B34B478EA7E1664BD8FD1B"><enum>(vi)</enum><text>by
			 striking <quote>the regulated entities operate</quote> and inserting
			 <quote>such banks operate</quote>;</text>
							</clause></subparagraph><subparagraph id="H583B5C08974646C1AA917C174002239E"><enum>(C)</enum><text>in subsection
			 (d)(1)—</text>
							<clause id="H8F85FFFAFDD644CAB6A9FCDFE0369E45"><enum>(i)</enum><text>by
			 striking <quote>subsections (a) and</quote> and inserting
			 <quote>subsection</quote>; and</text>
							</clause><clause id="H493EA5A69AF0425C8BD53598B217C24A"><enum>(ii)</enum><text>by
			 striking <quote>regulated entity</quote> each place such term appears and
			 inserting <quote>Federal Home Loan Bank</quote>;</text>
							</clause></subparagraph><subparagraph id="HF56496D582D8459D8214BD960291C666"><enum>(D)</enum><text display-inline="yes-display-inline">in subsection (e), by striking
			 <quote>regulated entity</quote> each place such term appears and inserting
			 <quote>Federal Home Loan Bank</quote>;</text>
						</subparagraph><subparagraph id="H1D0265EB925E4568A10932771237436C"><enum>(E)</enum><text>in subsection
			 (f)—</text>
							<clause id="HBE81B467122D4BD98543D19D0588B186"><enum>(i)</enum><text>by
			 striking <quote>the amount of core capital maintained by the
			 enterprises,</quote>; and</text>
							</clause><clause id="H1520B6F9FB2C48749CFBD1822BC17E02"><enum>(ii)</enum><text>by
			 striking <quote>regulated entities</quote> and inserting <quote>banks</quote>;
			 and</text>
							</clause></subparagraph><subparagraph id="H2A27EB08FB56410EAC5732EA27FE1EAD"><enum>(F)</enum><text>by adding at the
			 end the following new subsection:</text>
							<quoted-block display-inline="no-display-inline" id="HAA9F3829A8284805B9481553943DCAD3" style="OLC">
								<subsection id="HACE2D1BA43BB44F0990EBA2361A58BD4"><enum>(g)</enum><header>Establishment of
				revised minimum capital levels</header>
									<paragraph id="HC80DF315697541C68E37589266CC8C61"><enum>(1)</enum><header>In
				general</header><text display-inline="yes-display-inline">The Director shall
				cause the enterprises to achieve and maintain adequate capital by establishing
				minimum levels of capital for such the enterprises and by using such other
				methods as the Director deems appropriate.</text>
									</paragraph><paragraph id="H94C58A7B1C46452BA7D048AF5758DCE4"><enum>(2)</enum><header>Authority</header><text>The
				Director shall have the authority to establish such minimum level of capital
				for an enterprise in excess of the level specified under subsection (a) as the
				Director, in the Director’s discretion, deems to be necessary or appropriate in
				light of the particular circumstances of the enterprise.</text>
									</paragraph></subsection><subsection id="H4250901209BF4610AAD8A9B381D5EDED"><enum>(h)</enum><header>Failure To
				maintain revised minimum capital levels</header>
									<paragraph id="HFD4DF8208A2D4FFAB42BC9E954763067"><enum>(1)</enum><header>Unsafe and
				unsound practice or condition</header><text display-inline="yes-display-inline">Failure of a enterprise to maintain capital
				at or above its minimum level as established pursuant to subsection (g) of this
				section may be deemed by the Director, in his discretion, to constitute an
				unsafe and unsound practice or condition within the meaning of this
				title.</text>
									</paragraph><paragraph id="HD6AEA9D35FE440BEA27F4E49B8CFC5BA"><enum>(2)</enum><header>Directive to
				achieve capital level</header>
										<subparagraph id="HB38A9782059B456C894E8FBE325BA6F5"><enum>(A)</enum><header>Authority</header><text display-inline="yes-display-inline">In addition to, or in lieu of, any other
				action authorized by law, including paragraph (1), the Director may issue a
				directive to an enterprise that fails to maintain capital at or above its
				required level as established pursuant to subsection (g) of this
				section.</text>
										</subparagraph><subparagraph id="H3D649DFF1A62415EB644858DD575AF8E"><enum>(B)</enum><header>Plan</header><text>Such
				directive may require the enterprise to submit and adhere to a plan acceptable
				to the Director describing the means and timing by which the enterprise shall
				achieve its required capital level.</text>
										</subparagraph><subparagraph id="H6D42B7C089754AC19819D7C1C5A71509"><enum>(C)</enum><header>Enforcement</header><text>Any
				such directive issued pursuant to this paragraph, including plans submitted
				pursuant thereto, shall be enforceable under the provisions of subtitle C of
				this title to the same extent as an effective and outstanding order issued
				pursuant to subtitle C of this title which has become final.</text>
										</subparagraph></paragraph><paragraph id="H3B13881590064396A64BFB12C52B2029"><enum>(3)</enum><header>Adherence to
				plan</header>
										<subparagraph id="HB6BB28465B634FCAABF75AAE527BD3DC"><enum>(A)</enum><header>Consideration</header><text display-inline="yes-display-inline">The Director may consider such enterprise’s
				progress in adhering to any plan required under this subsection whenever such
				enterprise seeks the requisite approval of the Director for any proposal which
				would divert earnings, diminish capital, or otherwise impede such enterprise’s
				progress in achieving its minimum capital level.</text>
										</subparagraph><subparagraph id="HCAE686CB72A94351A749D8EE958B07E9"><enum>(B)</enum><header>Denial</header><text>The
				Director may deny such approval where it determines that such proposal would
				adversely affect the ability of the enterprise to comply with such
				plan.</text>
										</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
						</subparagraph></paragraph><paragraph id="H674C8BB584674E359F2CDFEE7E90DB7B"><enum>(4)</enum><header>Repeal of
			 increases to conforming loan limits</header>
						<subparagraph id="H24C03FE10D8542BA9EB6C6939DE77145"><enum>(A)</enum><header>Repeal of
			 temporary increases</header>
							<clause id="HF7691115EF2D485EBAA3985B753F82C8"><enum>(i)</enum><header>Continuing
			 Appropriations Resolution, 2010</header><text display-inline="yes-display-inline">Section 167 of the Continuing
			 Appropriations Resolution, 2010 (as added by section 104 of division B of
			 Public Law 111–88; 123 Stat. 2973) is hereby repealed.</text>
							</clause><clause id="HB90853E5CBE54D639707DDE7A6BA7959"><enum>(ii)</enum><header>American
			 Recovery and Reinvestment Act of 2009</header><text display-inline="yes-display-inline">Section 1203 of division A of the American
			 Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 225) is
			 hereby repealed.</text>
							</clause><clause id="H8D785B6C77DB4C179E6EE4FDE1E853A9"><enum>(iii)</enum><header>Economic
			 Stimulus Act of 2008</header><text display-inline="yes-display-inline">Section
			 201 of the Economic Stimulus Act of 2008 (Public Law 110–185; 122 Stat. 619) is
			 hereby repealed.</text>
							</clause></subparagraph><subparagraph id="HA1939FC0648C43BEA2BB002564EB0B95"><enum>(B)</enum><header>Repeal of
			 general limit and permanent high-cost area increase</header><text>Paragraph (2)
			 of section 302(b) of the Federal National Mortgage Association Charter Act (12
			 U.S.C. 1717(b)(2)) and paragraph (2) of section 305(a) of the Federal Home Loan
			 Mortgage Corporation Act (12 U.S.C. 1454(a)(2)) are each amended to read as
			 such sections were in effect immediately before the enactment of the Housing
			 and Economic Recovery Act of 2008 (Public Law 110–289).</text>
						</subparagraph><subparagraph id="H240D2D94E8964539838BBDE00A788555"><enum>(C)</enum><header>Repeal of new
			 housing price index</header><text display-inline="yes-display-inline">Section
			 1322 of the Federal Housing Enterprises Financial Safety and Soundness Act of
			 1992, as added by section 1124(d) of the Housing and Economic Recovery Act of
			 2008 (Public Law 110–289), is hereby repealed.</text>
						</subparagraph><subparagraph id="HA1B99EDCCDA8437CA192FCFF6844A2B5"><enum>(D)</enum><header>Repeal</header><text display-inline="yes-display-inline">Section 1124 of the Housing and Economic
			 Recovery Act of 2008 (Public Law 110–289) is hereby repealed.</text>
						</subparagraph><subparagraph id="HB2ABB3DE9DA84FA78AA2532D93C177C7"><enum>(E)</enum><header>Establishment of
			 conforming loan limit</header><text display-inline="yes-display-inline">For the
			 year in which the expiration of the period referred to in section 3(b) of this
			 section occurs, the limitations governing the maximum original principal
			 obligation of conventional mortgages that may be purchased by the Federal
			 National Mortgage Association and the Federal Home Loan Mortgage Corporation,
			 referred to in section 302(b)(2) of the Federal National Mortgage Association
			 Charter Act (12 U.S.C. 1717(b)(2)) and section 305(a)(2) of the Federal Home
			 Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)), respectively, shall be
			 considered to be—</text>
							<clause id="H1A6FC31CD9B24E9281C399DCF2058461"><enum>(i)</enum><text display-inline="yes-display-inline">$417,000 for a mortgage secured by a
			 single-family residence,</text>
							</clause><clause id="HFDB9CAAE7FE24C06A2975F0CFBD9F8B1"><enum>(ii)</enum><text>$533,850 for a
			 mortgage secured by a 2-family residence,</text>
							</clause><clause id="HD7BBF4C99E8544AAB409DE913DBEB04F"><enum>(iii)</enum><text>$645,300 for a
			 mortgage secured by a 3-family residence, and</text>
							</clause><clause id="H223B014603A741F08505499AED7A97FA"><enum>(iv)</enum><text>$801,950 for a
			 mortgage secured by a 4-family residence,</text>
							</clause><continuation-text continuation-text-level="subparagraph">and such
			 limits shall be adjusted effective each January 1 thereafter in accordance with
			 such sections 302(b)(2) and 305(a)(2).</continuation-text></subparagraph><subparagraph id="HBF35277C88534C008208C5DDACE2ADA2"><enum>(F)</enum><header>Prohibition of
			 purchase of mortgages exceeding median area home price</header>
							<clause id="HEEFE851338F04888A3C6D2C14D856B62"><enum>(i)</enum><header>Fannie
			 Mae</header><text display-inline="yes-display-inline">Section 302(b)(2) of the
			 Federal National Mortgage Association Charter Act (12 U.S.C. 1717(b)(2)) is
			 amended by adding at the end the following new sentence: <quote>Notwithstanding
			 any other provision of this title, the corporation may not purchase any
			 mortgage for a property having a principal obligation that exceeds the median
			 home price, for properties of the same size, for the area in which such
			 property subject to the mortgage is located.</quote>.</text>
							</clause><clause id="HEBEE9F37D12A469E80BADDBCD88FE5C1"><enum>(ii)</enum><header>Freddie
			 Mac</header><text display-inline="yes-display-inline">Section 305(a)(2) of the
			 Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)) is amended by
			 adding at the end the following new sentence: <quote>Notwithstanding any other
			 provision of this title, the Corporation may not purchase any mortgage for a
			 property having a principal obligation that exceeds the median home price, for
			 properties of the same size, for the area in which such property subject to the
			 mortgage is located.</quote>.</text>
							</clause></subparagraph></paragraph><paragraph id="H893A6B035E17404EAD0BC9CCC45CC169"><enum>(5)</enum><header>Requirement of
			 minimum downpayment for mortgages purchased</header>
						<subparagraph id="HD77CE095A5A844898369A5785C497244"><enum>(A)</enum><header>Fannie
			 Mae</header><text display-inline="yes-display-inline">Subsection (b) of section
			 302 of the Federal National Mortgage Association Charter Act (12 U.S.C.
			 1717(b)) is amended by adding at the end the following new paragraph:</text>
							<quoted-block display-inline="no-display-inline" id="HF5EFA3CEAD694629BA5D9D38977C9AC2" style="OLC">
								<paragraph id="HA044ECF3200545D08BA79779FC71DC4F" indent="up1"><enum>(7)</enum><text display-inline="yes-display-inline">Notwithstanding any other provision of this
				Act, the corporation may not newly purchase any mortgage unless the mortgagor
				has paid, in cash or its equivalent on account of the property securing
				repayment of such mortgage, in accordance with regulations issued by the
				Director of the Federal Housing Finance Agency, not less than—</text>
									<subparagraph id="HA45FC28FACA546FCAC6F782BB7228E1C"><enum>(A)</enum><text>for any mortgage purchased during the
				12-month period beginning upon the expiration of the period referred to in
				section 3(b) of the <short-title>GSE Bailout Elimination
				and Taxpayer Protection Act</short-title>, 5 percent of the appraised value of
				the property;</text>
									</subparagraph><subparagraph id="HC59B07711D8F4F6CB64A626D7D805086"><enum>(B)</enum><text display-inline="yes-display-inline">for any mortgage purchased during the
				12-month period beginning upon the expiration of the 12-month period referred
				to in subparagraph (A) of this paragraph, 7.5 percent of the appraised value of
				the property; and</text>
									</subparagraph><subparagraph id="H0CA87993E63F45018E273E4F5F2AC265"><enum>(C)</enum><text display-inline="yes-display-inline">for any mortgage purchased during the
				12-month period beginning upon the expiration of the 12-month period referred
				to in subparagraph (B) of this paragraph, 10 percent of the appraised value of
				the
				property.</text>
									</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
						</subparagraph><subparagraph id="H419F20F435DC46B5A32E1814866C0FA6"><enum>(B)</enum><header>Freddie
			 Mac</header><text>Subsection (a) of section 305 of the Federal Home Loan
			 Mortgage Corporation Act (12 U.S.C. 1454(a)) is amended by adding at the end
			 the following new paragraph:</text>
							<quoted-block display-inline="no-display-inline" id="HFD2D8591A58F49BB917C32F2A5E63646" style="OLC">
								<paragraph id="HA589B19316AB4C3FB431399BCAA62351" indent="up1"><enum>(6)</enum><text display-inline="yes-display-inline">Notwithstanding any other provision of this
				Act, the Corporation may not newly purchase any mortgage unless the mortgagor
				has paid, in cash or its equivalent on account of the property securing
				repayment of such mortgage, in accordance with regulations issued by the
				Director of the Federal Housing Finance Agency, not less than—</text>
									<subparagraph id="HDD39246B5A1D4CB883E35CD07C6C385A"><enum>(A)</enum><text>for any mortgage purchased during the
				12-month period beginning upon the expiration of the period referred to in
				section 3(b) of the <short-title>GSE Bailout Elimination
				and Taxpayer Protection Act</short-title>, 5 percent of the appraised value of
				the property;</text>
									</subparagraph><subparagraph id="H8E5C6255A8EE4B8B9E9AC81A1E896148"><enum>(B)</enum><text display-inline="yes-display-inline">for any mortgage purchased during the
				12-month period beginning upon the expiration of the 12-month period referred
				to in subparagraph (A) of this paragraph, 7.5 percent of the appraised value of
				the property; and</text>
									</subparagraph><subparagraph id="HA719B6B8081A49AEA5656E9C906F2DDD"><enum>(C)</enum><text display-inline="yes-display-inline">for any mortgage purchased during the
				12-month period beginning upon the expiration of the 12-month period referred
				to in subparagraph (B) of this paragraph, 10 percent of the appraised value of
				the
				property.</text>
									</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
						</subparagraph></paragraph><paragraph id="HD1EA6A76298A4943B854A5C7C1A7D4AA"><enum>(6)</enum><header>Requirement to
			 pay State and local taxes</header>
						<subparagraph id="H76AA63B1E25647838DF78FC51DEB9738"><enum>(A)</enum><header>Fannie
			 Mae</header><text display-inline="yes-display-inline">Paragraph (2) of section
			 309(c) of the Federal National Mortgage Association Charter Act (12 U.S.C.
			 1723a(c)(2)) is amended—</text>
							<clause id="H1589E7E1C97D4DA6B154B782087DD61F"><enum>(i)</enum><text>by
			 striking <quote>shall be exempt from</quote> and inserting <quote>shall be
			 subject to</quote>; and</text>
							</clause><clause id="H1CD709E25F4D42A0803D7C9A2D0F84AF"><enum>(ii)</enum><text>by
			 striking <quote>except that any</quote> and inserting <quote>and
			 any</quote>.</text>
							</clause></subparagraph><subparagraph id="HEF621D2E6F2E49A7AE03F03C53A0371B"><enum>(B)</enum><header>Freddie
			 Mac</header><text display-inline="yes-display-inline">Section 303(e) of the
			 Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1452(e)) is
			 amended—</text>
							<clause id="HA2987564A67E4A928EDB2E384CE0EC9E"><enum>(i)</enum><text>by
			 striking <quote>shall be exempt from</quote> and inserting <quote>shall be
			 subject to</quote>; and</text>
							</clause><clause id="H71659CCF22B14BC3920D0099D3569E1E"><enum>(ii)</enum><text>by
			 striking <quote>except that any</quote> and inserting <quote>and
			 any</quote>.</text>
							</clause></subparagraph></paragraph><paragraph id="H2AF42EB6356D4DC7B4A758FC27562062"><enum>(7)</enum><header>Repeals relating
			 to registration of securities</header>
						<subparagraph id="HAACD76C350E7432E926038E67EC5C118"><enum>(A)</enum><header>Fannie
			 Mae</header>
							<clause id="H3DFB5B980F8C475694734525F11F2086"><enum>(i)</enum><header>Mortgage-backed
			 securities</header><text display-inline="yes-display-inline">Section 304(d) of
			 the Federal National Mortgage Association Charter Act (12 U.S.C. 1719(d)) is
			 amended by striking the fourth sentence.</text>
							</clause><clause id="H2189D7DCDF96496792B204A53B824E52"><enum>(ii)</enum><header>Subordinate
			 obligations</header><text>Section 304(e) of the Federal National Mortgage
			 Association Charter Act (12 U.S.C. 1719(e)) is amended by striking the fourth
			 sentence.</text>
							</clause></subparagraph><subparagraph id="H93ED600F62F341EF8E8AA403DDEEEFB5"><enum>(B)</enum><header>Freddie
			 Mac</header><text display-inline="yes-display-inline">Section 306 of the
			 Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1455) is amended by
			 striking subsection (g).</text>
						</subparagraph></paragraph><paragraph id="HD1BD05868A4145BA99F78011C1B3F9AD"><enum>(8)</enum><header>Recoupment of
			 costs for Federal guarantee</header>
						<subparagraph id="H85F7C7E6A0854F72AC2868CF042F742E"><enum>(A)</enum><header>Assessments</header><text display-inline="yes-display-inline">The Director of the Federal Housing Finance
			 Agency shall establish and collect from each enterprise assessments in the
			 amount determined under subparagraph (B). In determining the method and timing
			 for making such assessments, the Director shall take into consideration the
			 determinations and conclusions of the study under subsection (b) of this
			 section.</text>
						</subparagraph><subparagraph id="H356BA12C2C0F4E3395841B55DA44A9DE"><enum>(B)</enum><header>Determination of
			 costs of guarantee</header><text display-inline="yes-display-inline">Assessments under subparagraph (A) with
			 respect to an enterprise shall be in such amount as the Director determines
			 necessary to recoup to the Federal Government the full value of the benefit the
			 enterprise receives from the guarantee provided by the Federal Government for
			 the obligations and financial viability of the enterprise, based upon the
			 dollar value of such benefit in the market to such enterprise when not
			 operating under conservatorship or receivership. To determine such amount, the
			 Director shall establish a risk-based pricing mechanism as the Director
			 considers appropriate, taking into consideration the determinations and
			 conclusions of the study under subsection (b) of this section.</text>
						</subparagraph><subparagraph id="H98A1F2A8265646C287F066615180AB46"><enum>(C)</enum><header>Treatment of
			 recouped amounts</header><text>The Director shall cover into the general fund
			 of the Treasury any amounts received from assessments made under this
			 paragraph.</text>
						</subparagraph></paragraph></subsection><subsection id="HB81B07E584FC4656ABEEF3A8ABDC0708"><enum>(b)</enum><header>GAO study
			 regarding recoupment of costs for Federal Government
			 guarantee</header><text>The Comptroller General of the United States shall
			 conduct a study to determine a risk-based pricing mechanism to accurately
			 determine the value of the benefit the enterprises receive from the guarantee
			 provided by the Federal Government for the obligations and financial viability
			 of the enterprises. Such study shall establish a dollar value of such benefit
			 in the market to each enterprise when not operating under conservatorship or
			 receivership, shall analyze various methods of the Federal Government assessing
			 a charge for such value received (including methods involving an annual fee or
			 a fee for each mortgage purchased or securitized), and shall make a
			 recommendation of the best such method for assessing such charge. Not later
			 than 12 months after the date of the enactment of this Act, the Comptroller
			 General shall submit to the Congress a report setting forth the determinations
			 and conclusions of such study.</text>
				</subsection></section><section id="HC4D1B75E43E14D699983DEAFD0666C21"><enum>605.</enum><header>Required wind
			 down of operations and dissolution of enterprise</header>
				<subsection id="HDA8C6288826148A08FBC6C8F9B6AD42A"><enum>(a)</enum><header>Applicability</header><text display-inline="yes-display-inline">This section shall apply to an enterprise
			 upon the expiration of the 3-year period that begins upon the expiration of the
			 period referred to in section 603(b).</text>
				</subsection><subsection id="H1D0BC235204C475395DF1A83C8D1E17C"><enum>(b)</enum><header>Repeal of
			 charter</header><text display-inline="yes-display-inline">Upon the
			 applicability of this section to an enterprise, the charter for the enterprise
			 is repealed and the enterprise shall have no authority to conduct new business
			 under such charter, except that the provisions of such charter in effect
			 immediately before such repeal shall continue to apply with respect to the
			 rights and obligations of any holders of outstanding debt obligations and
			 mortgage-backed securities of the enterprise.</text>
				</subsection><subsection id="HA10017BA24114B99A002304747BD33AB"><enum>(c)</enum><header>Wind
			 down</header><text display-inline="yes-display-inline">Upon the applicability
			 of this section to an enterprise, the Director and the Secretary of the
			 Treasury shall jointly take such action, and may prescribe such regulations and
			 procedures, as may be necessary to wind down the operations of an enterprise as
			 an entity chartered by the United States Government over the duration of the
			 10-year period beginning upon the applicability of this section to the
			 enterprise (pursuant to subsection (a)) in an orderly manner consistent with
			 this Act and the ongoing obligations of the enterprise.</text>
				</subsection><subsection id="HCFCFB29A5D0F4B588B54FFA5F550D462"><enum>(d)</enum><header>Division of
			 assets and liabilities; authority To establish holding corporation and
			 dissolution trust fund</header><text>The action and procedures required under
			 subsection (c)—</text>
					<paragraph id="H63A132A199084A89BF9A073F3AFDF409"><enum>(1)</enum><text>shall include the
			 establishment and execution of plans to provide for an equitable division and
			 distribution of assets and liabilities of the enterprise, including any
			 liability of the enterprise to the United States Government or a Federal
			 reserve bank that may continue after the end of the period described in
			 subsection (c); and</text>
					</paragraph><paragraph id="H3BD71E0FA0D54F7DAE034273EB388535"><enum>(2)</enum><text display-inline="yes-display-inline">may provide for establishment of—</text>
						<subparagraph id="H95E59A85CFCA4C6DAB0B8269105D63F1"><enum>(A)</enum><text>a holding
			 corporation organized under the laws of any State of the United States or the
			 District of Columbia for the purposes of the reorganization and restructuring
			 of the enterprise; and</text>
						</subparagraph><subparagraph id="HB8B4ED61A88F481897712CE922FE382C"><enum>(B)</enum><text>one or more trusts
			 to which to transfer—</text>
							<clause id="H46AE1637C6194EDCA257AD3F81027C85"><enum>(i)</enum><text>remaining debt
			 obligations of the enterprise, for the benefit of holders of such remaining
			 obligations; or</text>
							</clause><clause id="H5679454F637F4C54811D6DF7F2BCEF7F"><enum>(ii)</enum><text>remaining
			 mortgages held for the purpose of backing mortgage-backed securities, for the
			 benefit of holders of such remaining securities.</text>
							</clause></subparagraph></paragraph></subsection></section></title><title id="HFA753E9CDA4F42D3AF57559CE5C5530D"><enum>VII</enum><header>Miscellaneous</header>
			<section id="H00A37067DBBA4E97B37473F1835FA6B5"><enum>701.</enum><header>Limitation on
			 Government printing costs</header><text display-inline="no-display-inline">Not
			 later than 180 days after the date of enactment of this Act, the Director of
			 the Office of Management and Budget shall coordinate with the heads of Federal
			 departments and independent agencies to—</text>
				<paragraph id="H943B55B1E08141AA9A22636A0806FDC9"><enum>(1)</enum><text>determine which
			 Government publications could be available on Government Web sites and no
			 longer printed and to devise a strategy to reduce overall Government printing
			 costs over the 10-year period beginning with fiscal year 2012, except that the
			 Director shall ensure that essential printed documents prepared for Social
			 Security recipients, Medicare beneficiaries, and other populations in areas
			 with limited Internet access or use continue to remain available;</text>
				</paragraph><paragraph id="H235FC35A91574957AB41B1C6B437CDD8"><enum>(2)</enum><text>establish
			 Governmentwide Federal guidelines on employee printing;</text>
				</paragraph><paragraph id="H7F8B67E8E0D24E53AAFD337561A3A318"><enum>(3)</enum><text>issue on the
			 Office of Management and Budget’s public Web site the results of a cost-benefit
			 analysis on implementing a digital signature system and on establishing
			 employee printing identification systems, such as the use of individual
			 employee cards or codes, to monitor the amount of printing done by Federal
			 employees; except that the Director of the Office of Management and Budget
			 shall ensure that Federal employee printing costs unrelated to national
			 defense, homeland security, border security, national disasters, and other
			 emergencies do not exceed $860,000,000 annually; and</text>
				</paragraph><paragraph id="HC4FD0F19542C4F1686FAB7B1CD31ED15"><enum>(4)</enum><text>issue guidelines
			 requiring every department, agency, commission, or office to list at a
			 prominent place near the beginning of each publication distributed to the
			 public and issued or paid for by the Federal Government—</text>
					<subparagraph id="H39694D2FD6EA4CF2AF099842D18A2A09"><enum>(A)</enum><text>the name of the
			 issuing agency, department, commission, or office;</text>
					</subparagraph><subparagraph id="H1671320B63B4410AB4988E3CFEC2AA5B"><enum>(B)</enum><text>the total number
			 of copies of the document printed;</text>
					</subparagraph><subparagraph id="H3D878AA3FDA4416AA6E3CD33A5978868"><enum>(C)</enum><text>the collective
			 cost of producing and printing all of the copies of the document; and</text>
					</subparagraph><subparagraph id="H0B6B527FB083471698997822B216D09E"><enum>(D)</enum><text>the name of the
			 firm publishing the document.</text>
					</subparagraph></paragraph></section><section id="H349B7879B33C4E48B9881D1F2F40D148"><enum>702.</enum><header>Deposit of IRS
			 user fees as general receipts</header><text display-inline="no-display-inline">Notwithstanding any other provision of law
			 (including section 3 under the heading <quote>Administrative
			 Provisions—Internal Revenue Service</quote> of title I of Public Law 103–329),
			 any fees for services provided by the Internal Revenue Service shall, unless
			 otherwise provided by an appropriations Act, be deposited in the Treasury as
			 general receipts and shall not be expended by the Internal Revenue
			 Service.</text>
			</section><section id="H3BDE8B59B4754612BCBF24AA2262D89C"><enum>703.</enum><header>Limitation of
			 Government travel costs</header>
				<subsection id="H330DA1EF26B84BC1AD763D709E5A9961"><enum>(a)</enum><header>In
			 general</header><text display-inline="yes-display-inline">Notwithstanding any
			 other provision of law, the total amount which is paid or reimbursed by an
			 agency under subchapter I of chapter 57 of title 5, United States Code
			 (relating to travel and subsistence expenses; mileage allowances for official
			 travel by Federal employees) may not, for any of the next 5 fiscal years
			 beginning after the date of enactment of this Act, exceed 50 percent of the
			 total amount so paid or reimbursed by such agency for the fiscal year in which
			 such date of enactment occurs.</text>
				</subsection><subsection id="H0B2CF1F40911421C96523B69A06D9DD7"><enum>(b)</enum><header>Exceptions</header><text>For
			 purposes of carrying out subsection (a), there shall not be taken into account
			 the amounts paid or reimbursed for—</text>
					<paragraph id="H9238A5F7BFDF4605807FD4D8DCFF526D"><enum>(1)</enum><text>any subsistence or
			 travel expenses for threatened law enforcement personnel, as described in
			 section 5706a of title 5, United States Code; or</text>
					</paragraph><paragraph id="HCC655036205849A2B19A77781E04F0BC"><enum>(2)</enum><text>any other expenses
			 for which an exception is established under subsection (c) for reasons relating
			 to national security or public safety.</text>
					</paragraph></subsection><subsection id="H8E7E0E22499B4243A96777786EB58303"><enum>(c)</enum><header>Regulations</header><text display-inline="yes-display-inline">Any regulations necessary to carry out this
			 section shall, in consultation with the Director of the Office of Management
			 and Budget, be prescribed by the same respective authorities as are responsible
			 for prescribing regulations under section 5707 of title 5, United States
			 Code.</text>
				</subsection></section><section id="HBE166649DAD7465AAF6166A7E9B58B75"><enum>704.</enum><header>Reduction in
			 Federal vehicle costs</header><text display-inline="no-display-inline">Notwithstanding any other provision of
			 law—</text>
				<paragraph id="HBBD5C599B9E24865BF39D183044FAFAD"><enum>(1)</enum><text>of the amounts
			 made available to the General Services Administration for the acquisition of
			 new vehicles for the Federal fleet for fiscal year 2011 and remaining
			 unobligated as of the date of enactment of this Act, an amount equal to 20
			 percent of all such amounts is rescinded;</text>
				</paragraph><paragraph id="H086E06674E614343A810B1F9BD9DA006"><enum>(2)</enum><text>for fiscal year
			 2012 and each fiscal year thereafter—</text>
					<subparagraph id="H2EADA15A7F894658A115B962EFBED8B5"><enum>(A)</enum><text>the amount made
			 available to the General Services Administration for the acquisition of new
			 vehicles for the Federal fleet shall not exceed an amount equal to 80 percent
			 of the amount made available for the acquisition of those vehicles for fiscal
			 year 2011 (before application of subsection (a)); and</text>
					</subparagraph><subparagraph id="H68C677A58CD84CA1929F51C24D39DA4F"><enum>(B)</enum><text>the number of new
			 vehicles acquired by the General Services Administration for the Federal fleet
			 shall not exceed a number equal to 50 percent of the vehicles so acquired for
			 fiscal year 2011; and</text>
					</subparagraph></paragraph><paragraph id="H12832E564C9A492F88657AC488992F0D"><enum>(3)</enum><text>any amounts made
			 available under Public Law 111–5 for the acquisition of new vehicles for the
			 Federal fleet shall be disregarded for purposes of determining the
			 baseline.</text>
				</paragraph></section><section id="HCA5383013C804DD5B775660E60CD3BC8" section-type="subsequent-section"><enum>705.</enum><header>Repeals of
			 prohibitions on public-private competitions for conversion to contractor
			 performance of functions performed by Federal employees pursuant to Office of
			 Management and Budget Circular A–76</header>
				<subsection id="H1E7303E8BB73483BB9E189A94096EBAC"><enum>(a)</enum><header>Repeals in
			 Public Law 111–117</header><text display-inline="yes-display-inline">The
			 following provisions of law are repealed:</text>
					<paragraph id="HEE4E3F3F1F3B423F8013601E25199A81"><enum>(1)</enum><text>Section 735 of the
			 Financial Services and General Government Appropriations Act, 2010 (division C
			 of Public Law 111–117; 123 Stat. 3214).</text>
					</paragraph><paragraph id="H1CA33F9728DA47E8B50B815E3C25DE13"><enum>(2)</enum><text>Section 743(g) of
			 such Act (123 Stat. 3218).</text>
					</paragraph><paragraph id="H7B76F34EF6B745EE92963AD4F2F94AAC"><enum>(3)</enum><text display-inline="yes-display-inline">Section 212 of the Commerce, Justice,
			 Science, and Related Agencies Appropriations Act, 2010 (division B of Public
			 Law 111–117; 123 Stat. 3140).</text>
					</paragraph></subsection><subsection id="HF1C10D39040645B1ACD3988F50083090"><enum>(b)</enum><header>A–76
			 competitions</header><text>Notwithstanding any other provision of law, an
			 executive agency may begin, plan for, announce, continue, finish, or approve a
			 study on public-private competition regarding the conversion to contractor
			 performance of any function performed by Federal employees pursuant to Office
			 of Management and Budget Circular A–76 or any other administrative regulation,
			 directive, or policy.</text>
				</subsection></section><section id="H8B9DB869D3674112A162E451787051A7" section-type="subsequent-section"><enum>706.</enum><header>Deauthorization of
			 appropriations to carry out PPACA and HCERA</header><text display-inline="no-display-inline">Notwithstanding any other provision of law,
			 no funds are authorized to be appropriated to carry out the provisions of the
			 Patient Protection and Affordable Care Act (Public Law 111–148), the Health
			 Care and Education Reconciliation Act of 2010 (Public Law 111–152), and any
			 amendment made by either such Act.</text>
			</section><section id="H2FC25F4C7FD445D28A756D3DABCCF670" section-type="subsequent-section"><enum>707.</enum><header>Rescission of Health
			 Insurance Reform Implementation funds</header><text display-inline="no-display-inline">Of the funds made available by section
			 1005(b) of the Health Care and Education Reconciliation Act of 2010 (Public Law
			 111–152; 42 U.S.C. 18121(b)), the unobligated balance is rescinded.</text>
			</section><section id="HC6EF1A37A37E4C828F1BB816EE437940"><enum>708.</enum><header>Taxpayer-generated
			 deficit reduction</header>
				<subsection id="H7A9F9A30D4BE42179AE857D64AC25BC9"><enum>(a)</enum><header>Designation of
			 income tax payments To reduce the deficit</header>
					<paragraph id="HEDC68D9C360C4E489CCD130C98CE060B"><enum>(1)</enum><header>Designation</header><text display-inline="yes-display-inline">Subchapter A of chapter 61 of the Internal
			 Revenue Code of 1986 (relating to returns and records) is amended by adding at
			 the end the following new part:</text>
						<quoted-block display-inline="no-display-inline" id="H1C70ECAC077649A4AF508E3CF78960F3" style="OLC">
							<part id="H36354C9557E447A985B18CD8996C5085"><enum>IX</enum><header>Designation on
				income tax returns for reduction of deficit</header>
								<toc regeneration="no-regeneration">
									<toc-entry level="section">Sec. 6097. Designation for reduction of
				  the deficit.</toc-entry>
								</toc>
								<section id="HAF5C3F6BD95A4D4686C6EACDC97C17E0"><enum>6097.</enum><header>Designation
				for reduction of the deficit</header>
									<subsection id="HBC9E11B7BA1E43E9ADA13E08AC458DDD"><enum>(a)</enum><header>In
				general</header><text display-inline="yes-display-inline">Every individual,
				regardless of income tax liability for the taxable year, may designate that an
				amount (not less than $1 and not more than $10) shall be paid over for the
				purpose of reducing the deficit of the United States. In the case of a joint
				return of husband and wife, each spouse may so designate an amount.</text>
									</subsection><subsection id="HAC11C374E04B498AA6A273900A4885E3"><enum>(b)</enum><header>Income tax
				liability</header><text display-inline="yes-display-inline">For purposes of
				subsection (a), the income tax liability of an individual for any taxable year
				is the amount of the tax imposed by chapter 1 on such individual for such
				taxable year (as shown on his return), reduced by the sum of the credits (as
				shown in his return) allowable under part IV of subchapter A of chapter 1
				(other than subpart C thereof).</text>
									</subsection><subsection display-inline="no-display-inline" id="H28AEE5819E6440BABC44CFDB87213C3D"><enum>(c)</enum><header>Manner and time
				of designation</header><text display-inline="yes-display-inline">Rules similar
				to the rules of section 6096(c) shall apply for purposes of this section,
				except that the designation shall be accompanied by the following statement:
				<quote>The Federal budget will be reduced by an amount equal to ten times the
				amount you elect in the box.</quote>.</text>
									</subsection><subsection display-inline="no-display-inline" id="HACF938A9CC6B4C68B94ED7773EE04D2F"><enum>(d)</enum><header>Amount
				increase</header><text display-inline="yes-display-inline">In the case of each
				taxable year beginning after 2011, the maximum dollar amount that may be
				designated under subsection (a) shall be increased by $1. In the case of a
				joint return of husband and wife, such amount shall increase by $2 each taxable
				year.</text>
									</subsection></section></part><after-quoted-block>.</after-quoted-block></quoted-block>
					</paragraph><paragraph id="HED4D31C21A7D4D918301E0B4CA92221B"><enum>(2)</enum><header>Clerical
			 amendment</header><text display-inline="yes-display-inline">The table of parts
			 for subchapter A of chapter 61 of such Code is amended by adding at the end the
			 following new item:</text>
						<quoted-block display-inline="no-display-inline" id="H3256678D4D3A45ECB4CDE31FD2FB4CAD" style="OLC">
							<toc regeneration="no-regeneration">
								<toc-entry level="part">Part IX—Designation of income tax payments To
				reduce the
				deficit.</toc-entry>
							</toc>
							<after-quoted-block>.</after-quoted-block></quoted-block>
					</paragraph><paragraph id="HDB2613F706764EE1AA6EF6624C373E4F"><enum>(3)</enum><header>Effective
			 date</header><text display-inline="yes-display-inline">The amendments made by
			 this section shall apply to taxable years beginning after December 31,
			 2010.</text>
					</paragraph></subsection><subsection id="H0E819C74797340CB8E80B6B46FE08BF4"><enum>(b)</enum><header>Taxpayer-Generated
			 sequestration of Federal spending To reduce the deficit</header>
					<paragraph id="H2F6FE029906B4D74B706C0D0CB41FEED"><enum>(1)</enum><header>Sequestration To
			 reduce deficit</header><text display-inline="yes-display-inline">Part C of the
			 Balanced Budget and Emergency Deficit Control Act of 1985 is amended by
			 inserting after section 253 the following new section:</text>
						<quoted-block display-inline="no-display-inline" id="H23B2FB01E2184E5EB63DBB0423F69424" style="OLC">
							<section id="H88738BCE4ECC4821B192B41A7253B2C8"><enum>253A.</enum><header>Sequestration
				to reduce the deficit</header>
								<subsection id="HEAB21B51FAFA4B6B8A243B9FD31FD127"><enum>(a)</enum><header>Sequestration</header>
									<paragraph id="HA0715C3F97474020803153AED0133AE2"><enum>(1)</enum><header>Timing</header><text>Within
				15 calendar days after the date Congress adjourns to end a session, and on the
				same day as sequestration (if any) under sections 251, 252, and 253, but after
				any sequestration required by those sections, there shall be a sequestration to
				eliminate the deficit equivalent to the amount calculated under paragraph
				(2).</text>
									</paragraph><paragraph id="H1BE59FA0B10740BFA971A9F8FA311DD9"><enum>(2)</enum><header>Calculation</header>
										<subparagraph id="H530CDECBCDC94AFA9785862F36A99BDA"><enum>(A)</enum><header>OMB
				Calculation</header><text display-inline="yes-display-inline">Before October
				1st of each calendar year, OMB shall calculate the total amount designated
				under section 6097 of the Internal Revenue Code of 1986.</text>
										</subparagraph><subparagraph id="H5D54C6460C4F4A59A71909D6F9120547"><enum>(B)</enum><header>Federal spending
				reduction</header><text display-inline="yes-display-inline">In accordance with
				the deadline under paragraph (1), OMB shall apply an across the board reduction
				in Federal spending in an amount equal to the product of—</text>
											<clause id="H8E4F719EF86648A3A7237729D6E8B0A3"><enum>(i)</enum><text display-inline="yes-display-inline">the amount calculated under subparagraph
				(A); and</text>
											</clause><clause id="H675EFE597D034C63B56D42276893CE64"><enum>(ii)</enum><text>10.</text>
											</clause></subparagraph></paragraph><paragraph id="H6D066E84EEB245619868866FCAB955FF"><enum>(3)</enum><header>Carryover</header><text display-inline="yes-display-inline">Any amounts not calculated by OMB by the
				October 1st deadline, as set forth in subparagraph (2)(A), shall be applied to
				the following fiscal year Federal spending reduction pursuant to this
				section.</text>
									</paragraph></subsection><subsection id="H4E38B894182F43668986C5B7EE96A380"><enum>(b)</enum><header>Applicability</header>
									<paragraph id="HC876922FA47A485BB9BE0115BFC01324"><enum>(1)</enum><header>In
				general</header><text display-inline="yes-display-inline">Except as provided by
				paragraph (2), each account of the United States shall be reduced by a dollar
				amount calculated by multiplying the level of budgetary resources in that
				account at that time by the uniform percentage necessary to carry out
				subsection (a). All obligational authority so reduced shall be done in a manner
				that makes such reductions permanent.</text>
									</paragraph><paragraph id="HDD771E916D454BA481A92E69C747E46A"><enum>(2)</enum><header>Exempt
				accounts</header><text display-inline="yes-display-inline">The following
				programs shall be exempt from reduction under any order issued under this
				section:</text>
										<subparagraph id="H1D400D0993144EE19C61AD11D06ACB8C"><enum>(A)</enum><text display-inline="yes-display-inline">Benefits payable under the old-age,
				survivors, and disability insurance program established under title II of the
				Social Security Act.</text>
										</subparagraph><subparagraph id="HC366198704734AAFA5998EFA134329BA"><enum>(B)</enum><text>Benefits payable
				under section 3(a), 3(f)(3), 4(a), or 4(f) of the Railroad Retirement Act of
				1974.</text>
										</subparagraph><subparagraph id="H1AAACBD8DBA4417D8BFA8D502BE91C54"><enum>(C)</enum><text display-inline="yes-display-inline">Benefits payable under title 18 of the
				Social Security Act.</text>
										</subparagraph><subparagraph id="H68169260144E4A9A9AE831E483D3C0BB"><enum>(D)</enum><text display-inline="yes-display-inline">The rate of pay of any judge or justice
				appointed pursuant to article III of the Constitution of the United
				States.</text>
										</subparagraph><subparagraph id="HDD3E8F3BD35D4C7880B3D3501A847F30"><enum>(E)</enum><text>Veteran’s benefits
				listed under sections 905(b) and 905(f) of the Balanced Budget and Emergency
				Deficit Control Act of 1985 (2 U.S.C. 905(b), 905(f)).</text>
										</subparagraph></paragraph></subsection><subsection id="H2D3DBAAB127F443080021F8C3DDAF58E"><enum>(c)</enum><header>Effective
				date</header><text>This section shall apply to calender years beginning after
				December 31,
				2010.</text>
								</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
					</paragraph><paragraph display-inline="no-display-inline" id="H96669C64163943BDB86419ED451072BA"><enum>(2)</enum><header>Reports</header><text display-inline="yes-display-inline">Section 254 of the Balanced Budget and
			 Emergency Deficit Control Act of 1985 is amended—</text>
						<subparagraph id="HCF65BE1B84CB42339398F8EE67584223"><enum>(A)</enum><text>in subsection (a),
			 by adding at the end of the table the following new item:</text>
							<quoted-block display-inline="no-display-inline" id="H5D3283FFC6B24D6D9B8CF6602AC77749" style="OLC">
								<table align-to-level="section" blank-lines-before="1" colsep="1" frame="none" line-rules="hor-ver" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Generic: 2 text, 1st shorter" table-type="">
									<tgroup cols="2" grid-typeface="1.1" no-carding="1" rowsep="0" thead-tbody-ldg-size="10.10.12"><colspec coldef="txt" colname="column1" colwidth="108pts" min-data-value="100"></colspec><colspec coldef="txt-no-ldr" colname="column2" colwidth="217pts" min-data-value="200"></colspec>
										<tbody>
											<row><entry align="left" colname="column1" leader-modify="force-ldr" stub-definition="txt-ldr" stub-hierarchy="1">October
						1</entry><entry align="left" colname="column2" leader-modify="clr-ldr">OMB
						report estimating amount of income tax designated pursuant to section 6097 of
						the Internal Revenue Code of 1986.</entry>
											</row>
										</tbody>
									</tgroup></table>
								<after-quoted-block>.</after-quoted-block></quoted-block>
						</subparagraph><subparagraph id="HAD9BE0F319464CFE89DFB7DCED72EC32"><enum>(B)</enum><text display-inline="yes-display-inline">in subsection (c)(1), by inserting <quote>,
			 and sequestration to reduce the deficit,</quote> after
			 <quote>sequestration</quote>;</text>
						</subparagraph><subparagraph id="H00B06AE0C0B94FB1953D08E9C75BB4BA"><enum>(C)</enum><text display-inline="yes-display-inline">in subsection (c), by redesignating
			 paragraph (5) as paragraph (6) and by inserting after paragraph (4) the
			 following new paragraph:</text>
							<quoted-block display-inline="no-display-inline" id="HFC57286A6CA04644A2C20566DC37A3A3" style="OLC">
								<paragraph id="H41492D2AD60F4FE589043699F2B0CD7A"><enum>(5)</enum><header>Reports on
				sequestration to reduce the deficit</header><text display-inline="yes-display-inline">The preview reports shall set forth for the
				budget year estimates for each of the following:</text>
									<subparagraph id="HCB6ECE09721445C2866F8BB26F66D4AF"><enum>(A)</enum><text display-inline="yes-display-inline">The aggregate amount designated under
				section 6097 of the Internal Revenue Code of 1986 for the last calendar year
				ending before the budget year.</text>
									</subparagraph><subparagraph id="H3C5EF99B5D7B4275A458AF4011049BF9"><enum>(B)</enum><text display-inline="yes-display-inline">The amount of reductions required under
				section 253A and the deficit remaining after those reductions have been
				made.</text>
									</subparagraph><subparagraph id="HE4C287663FCF4991A22D9F65CD73568B"><enum>(C)</enum><text display-inline="yes-display-inline">The sequestration percentage necessary to
				achieve the required reduction in accounts under section
				253A(a).</text>
									</subparagraph></paragraph><after-quoted-block>;
				and</after-quoted-block></quoted-block>
						</subparagraph><subparagraph id="HA911DA73A73C49D591F59A0367E74612"><enum>(D)</enum><text display-inline="yes-display-inline">in subsection (f), by redesignating
			 paragraphs (4) and (5) as paragraphs (5) and (6), respectively, and by
			 inserting after paragraph (3) the following new paragraph:</text>
							<quoted-block display-inline="no-display-inline" id="H780AE6A983AB4CE29852173354994297" style="OLC">
								<paragraph id="HE6AC9ACCA1074CD0A364651E289A11F6"><enum>(4)</enum><header>Reports on
				sequestration to reduce the deficit</header><text display-inline="yes-display-inline">The final reports shall contain all of the
				information contained in the deficit taxation designation report required on
				October
				1.</text>
								</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
						</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="H5E9D0CAE07C94F4AAF03F8FA2BCAB2B5"><enum>(3)</enum><header>Effective
			 date</header><text display-inline="yes-display-inline">Notwithstanding section
			 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985, the
			 expiration date set forth in that section shall not apply to the amendments
			 made by this Act. On the date specified in section 253A of the Balanced Budget
			 and Emergency Deficit Control Act of 1985, as amended by this section, the
			 President shall issue an order fully implementing the sequestration required by
			 section 253A of such Act, as amended by this section. This order shall be
			 effective on issuance.</text>
					</paragraph></subsection></section><section id="HA2E7438541344A1F840E2CB95F00E8FC" section-type="subsequent-section"><enum>709.</enum><header>Limitation on funds
			 to implement certain health care laws</header><text display-inline="no-display-inline">The Continuing Appropriations Act, 2011
			 (Public Law 111–242), as amended by section 101, is amended by adding at the
			 end the following:</text>
				<quoted-block display-inline="no-display-inline" id="HE7159520ADFE4257AD958EC1530DC80E" style="appropriations">
					<section id="HDDB7FD986403409EBABBA07F4434C635"><enum>167.</enum><text display-inline="yes-display-inline">No appropriations or funds made available
				or authority granted pursuant to section 101(b)(1) may be used to carry out any
				program under, promulgate any regulation pursuant to, or defend against any
				lawsuit challenging any provision of Public Law 111–148 or Public Law 111–152
				or any amendment made by either such Public
				Law.</text>
					</section><after-quoted-block>.</after-quoted-block></quoted-block>
			</section></title></legis-body>
</bill>
