    [Congressional Bills 119th Congress]
    [From the U.S. Government Publishing Office]
    [H.R. 1 Enrolled Bill (ENR)]

            H.R.1

                         One Hundred Nineteenth Congress

                                     of the

                            United States of America

                              AT THE FIRST SESSION

               Begun and held at the City of Washington on Friday,
             the third day of January, two thousand and twenty-five

                                     An Act

     To provide for reconciliation pursuant to title II of H. Con. Res. 14.

        Be it enacted by the Senate and House of Representatives of the
    United States of America in Congress assembled,
    SECTION 1. TABLE OF CONTENTS.
        The table of contents of this Act is as follows:
    Sec. 1. Table of contents.

           TITLE I--COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY

                              Subtitle A--Nutrition

    Sec. 10101. Re-evaluation of thrifty food plan.
    Sec. 10102. Modifications to SNAP work requirements for able-bodied
              adults.
    Sec. 10103. Availability of standard utility allowances based on receipt
              of energy assistance.
    Sec. 10104. Restrictions on internet expenses.
    Sec. 10105. Matching funds requirements.
    Sec. 10106. Administrative cost sharing.
    Sec. 10107. National education and obesity prevention grant program.
    Sec. 10108. Alien SNAP eligibility.

                              Subtitle B--Forestry

    Sec. 10201. Rescission of amounts for forestry.

                             Subtitle C--Commodities

    Sec. 10301. Effective reference price; reference price.
    Sec. 10302. Base acres.
    Sec. 10303. Producer election.
    Sec. 10304. Price loss coverage.
    Sec. 10305. Agriculture risk coverage.
    Sec. 10306. Equitable treatment of certain entities.
    Sec. 10307. Payment limitations.
    Sec. 10308. Adjusted gross income limitation.
    Sec. 10309. Marketing loans.
    Sec. 10310. Repayment of marketing loans.
    Sec. 10311. Economic adjustment assistance for textile mills.
    Sec. 10312. Sugar program updates.
    Sec. 10313. Dairy policy updates.
    Sec. 10314. Implementation.

                    Subtitle D--Disaster Assistance Programs

    Sec. 10401. Supplemental agricultural disaster assistance.

                           Subtitle E--Crop Insurance

    Sec. 10501. Beginning farmer and rancher benefit.
    Sec. 10502. Area-based crop insurance coverage and affordability.
    Sec. 10503. Administrative and operating expense adjustments.
    Sec. 10504. Premium support.
    Sec. 10505. Program compliance and integrity.
    Sec. 10506. Reviews, compliance, and integrity.
    Sec. 10507. Poultry insurance pilot program.

               Subtitle F--Additional Investments in Rural America

    Sec. 10601. Conservation.
    Sec. 10602. Supplemental agricultural trade promotion program.
    Sec. 10603. Nutrition.
    Sec. 10604. Research.
    Sec. 10605. Energy.
    Sec. 10606. Horticulture.
    Sec. 10607. Miscellaneous.

                      TITLE II--COMMITTEE ON ARMED SERVICES

    Sec. 20001. Enhancement of Department of Defense resources for improving
              the quality of life for military personnel.
    Sec. 20002. Enhancement of Department of Defense resources for
              shipbuilding.
    Sec. 20003. Enhancement of Department of Defense resources for
              integrated air and missile defense.
    Sec. 20004. Enhancement of Department of Defense resources for munitions
              and defense supply chain resiliency.
    Sec. 20005. Enhancement of Department of Defense resources for scaling
              low-cost weapons into production.
    Sec. 20006. Enhancement of Department of Defense resources for improving
              the efficiency and cybersecurity of the Department of Defense.
    Sec. 20007. Enhancement of Department of Defense resources for air
              superiority.
    Sec. 20008. Enhancement of resources for nuclear forces.
    Sec. 20009. Enhancement of Department of Defense resources to improve
              capabilities of United States Indo-Pacific Command.
    Sec. 20010. Enhancement of Department of Defense resources for improving
              the readiness of the Department of Defense.
    Sec. 20011. Improving Department of Defense border support and counter-
              drug missions.
    Sec. 20012. Department of Defense oversight.
    Sec. 20013. Military construction projects authorized.

           TITLE III--COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

    Sec. 30001. Funding cap for the Bureau of Consumer Financial Protection.
    Sec. 30002. Rescission of funds for Green and Resilient Retrofit Program
              for Multifamily Housing.
    Sec. 30003. Securities and Exchange Commission Reserve Fund.
    Sec. 30004. Appropriations for Defense Production Act.

          TITLE IV--COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION

    Sec. 40001. Coast Guard mission readiness.
    Sec. 40002. Spectrum auctions.
    Sec. 40003. Air traffic control improvements.
    Sec. 40004. Space launch and reentry licensing and permitting user fees.
    Sec. 40005. Mars missions, Artemis missions, and Moon to Mars program.
    Sec. 40006. Corporate average fuel economy civil penalties.
    Sec. 40007. Payments for lease of Metropolitan Washington Airports.
    Sec. 40008. Rescission of certain amounts for the National Oceanic and
              Atmospheric Administration.
    Sec. 40009. Reduction in annual transfers to Travel Promotion Fund.
    Sec. 40010. Treatment of unobligated funds for alternative fuel and low-
              emission aviation technology.
    Sec. 40011. Rescission of amounts appropriated to Public Wireless Supply
              Chain Innovation Fund.

               TITLE V--COMMITTEE ON ENERGY AND NATURAL RESOURCES

                         Subtitle A--Oil and Gas Leasing

    Sec. 50101. Onshore oil and gas leasing.
    Sec. 50102. Offshore oil and gas leasing.
    Sec. 50103. Royalties on extracted methane.
    Sec. 50104. Alaska oil and gas leasing.
    Sec. 50105. National Petroleum Reserve-Alaska.

                               Subtitle B--Mining

    Sec. 50201. Coal leasing.
    Sec. 50202. Coal royalty.
    Sec. 50203. Leases for known recoverable coal resources.
    Sec. 50204. Authorization to mine Federal coal.

                                Subtitle C--Lands

    Sec. 50301. Timber sales and long-term contracting for the Forest
              Service and the Bureau of Land Management.
    Sec. 50302. Renewable energy fees on Federal land.
    Sec. 50303. Renewable energy revenue sharing.
    Sec. 50304. Rescission of National Park Service and Bureau of Land
              Management funds.
    Sec. 50305. Celebrating America's 250th anniversary.

                               Subtitle D--Energy

    Sec. 50401. Strategic Petroleum Reserve.
    Sec. 50402. Repeals; rescissions.
    Sec. 50403. Energy dominance financing.
    Sec. 50404. Transformational artificial intelligence models.

                                Subtitle E--Water

    Sec. 50501. Water conveyance and surface water storage enhancement.

               TITLE VI--COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS

    Sec. 60001. Rescission of funding for clean heavy-duty vehicles.
    Sec. 60002. Repeal of Greenhouse Gas Reduction Fund.
    Sec. 60003. Rescission of funding for diesel emissions reductions.
    Sec. 60004. Rescission of funding to address air pollution.
    Sec. 60005. Rescission of funding to address air pollution at schools.
    Sec. 60006. Rescission of funding for the low emissions electricity
              program.
    Sec. 60007. Rescission of funding for section 211(o) of the Clean Air
              Act.
    Sec. 60008. Rescission of funding for implementation of the American
              Innovation and Manufacturing Act.
    Sec. 60009. Rescission of funding for enforcement technology and public
              information.
    Sec. 60010. Rescission of funding for greenhouse gas corporate
              reporting.
    Sec. 60011. Rescission of funding for environmental product declaration
              assistance.
    Sec. 60012. Rescission of funding for methane emissions and waste
              reduction incentive program for petroleum and natural gas
              systems.
    Sec. 60013. Rescission of funding for greenhouse gas air pollution plans
              and implementation grants.
    Sec. 60014. Rescission of funding for environmental protection agency
              efficient, accurate, and timely reviews.
    Sec. 60015. Rescission of funding for low-embodied carbon labeling for
              construction materials.
    Sec. 60016. Rescission of funding for environmental and climate justice
              block grants.
    Sec. 60017. Rescission of funding for ESA recovery plans.
    Sec. 60018. Rescission of funding for environmental and climate data
              collection.
    Sec. 60019. Rescission of neighborhood access and equity grant program.
    Sec. 60020. Rescission of funding for Federal building assistance.
    Sec. 60021. Rescission of funding for low-carbon materials for Federal
              buildings.
    Sec. 60022. Rescission of funding for GSA emerging and sustainable
              technologies.
    Sec. 60023. Rescission of environmental review implementation funds.
    Sec. 60024. Rescission of low-carbon transportation materials grants.
    Sec. 60025. John F. Kennedy Center for the Performing Arts.
    Sec. 60026. Project sponsor opt-in fees for environmental reviews.

                               TITLE VII--FINANCE

                                 Subtitle A--Tax

    Sec. 70001. References to the Internal Revenue Code of 1986, etc.

    Chapter 1--Providing Permanent Tax Relief for Middle-class Families and
                                     Workers

    Sec. 70101. Extension and enhancement of reduced rates.
    Sec. 70102. Extension and enhancement of increased standard deduction.
    Sec. 70103. Termination of deduction for personal exemptions other than
              temporary senior deduction.
    Sec. 70104. Extension and enhancement of increased child tax credit.
    Sec. 70105. Extension and enhancement of deduction for qualified
              business income.
    Sec. 70106. Extension and enhancement of increased estate and gift tax
              exemption amounts.
    Sec. 70107. Extension of increased alternative minimum tax exemption
              amounts and modification of phaseout thresholds.
    Sec. 70108. Extension and modification of limitation on deduction for
              qualified residence interest.
    Sec. 70109. Extension and modification of limitation on casualty loss
              deduction.
    Sec. 70110. Termination of miscellaneous itemized deductions other than
              educator expenses.
    Sec. 70111. Limitation on tax benefit of itemized deductions.
    Sec. 70112. Extension and modification of qualified transportation
              fringe benefits.
    Sec. 70113. Extension and modification of limitation on deduction and
              exclusion for moving expenses.
    Sec. 70114. Extension and modification of limitation on wagering losses.
    Sec. 70115. Extension and enhancement of increased limitation on
              contributions to ABLE accounts.
    Sec. 70116. Extension and enhancement of savers credit allowed for ABLE
              contributions.
    Sec. 70117. Extension of rollovers from qualified tuition programs to
              ABLE accounts permitted.
    Sec. 70118. Extension of treatment of certain individuals performing
              services in the Sinai Peninsula and enhancement to include
              additional areas.
    Sec. 70119. Extension and modification of exclusion from gross income of
              student loans discharged on account of death or disability.
    Sec. 70120. Limitation on individual deductions for certain state and
              local taxes, etc.

     Chapter 2--Delivering on Presidential Priorities to Provide New Middle-
                                class Tax Relief

    Sec. 70201. No tax on tips.
    Sec. 70202. No tax on overtime.
    Sec. 70203. No tax on car loan interest.
    Sec. 70204. Trump accounts and contribution pilot program.

     Chapter 3--Establishing Certainty and Competitiveness for American Job
                                    Creators

     subchapter a--permanent u.s. business tax reform and boosting domestic
                                   investment

    Sec. 70301. Full expensing for certain business property.
    Sec. 70302. Full expensing of domestic research and experimental
              expenditures.
    Sec. 70303. Modification of limitation on business interest.
    Sec. 70304. Extension and enhancement of paid family and medical leave
              credit.
    Sec. 70305. Exceptions from limitations on deduction for business meals.
    Sec. 70306. Increased dollar limitations for expensing of certain
              depreciable business assets.
    Sec. 70307. Special depreciation allowance for qualified production
              property.
    Sec. 70308. Enhancement of advanced manufacturing investment credit.
    Sec. 70309. Spaceports are treated like airports under exempt facility
              bond rules.

         subchapter b--permanent america-first international tax reforms

                           PART I--Foreign Tax Credit

    Sec. 70311. Modifications related to foreign tax credit limitation.
    Sec. 70312. Modifications to determination of deemed paid credit for
              taxes properly attributable to tested income.
    Sec. 70313. Sourcing certain income from the sale of inventory produced
              in the United States.

     PART II--Foreign-derived Deduction Eligible Income and Net CFC Tested
                                     Income

    Sec. 70321. Modification of deduction for foreign-derived deduction
              eligible income and net CFC tested income.
    Sec. 70322. Determination of deduction eligible income.
    Sec. 70323. Rules related to deemed intangible income.

                       PART III--Base Erosion Minimum Tax

    Sec. 70331. Extension and modification of base erosion minimum tax
              amount.

                      PART IV--Business Interest Limitation

    Sec. 70341. Coordination of business interest limitation with interest
              capitalization provisions.
    Sec. 70342. Definition of adjusted taxable income for business interest
              limitation.

                     PART V--Other International Tax Reforms

    Sec. 70351. Permanent extension of look-thru rule for related controlled
              foreign corporations.
    Sec. 70352. Repeal of election for 1-month deferral in determination of
              taxable year of specified foreign corporations.
    Sec. 70353. Restoration of limitation on downward attribution of stock
              ownership in applying constructive ownership rules.
    Sec. 70354. Modifications to pro rata share rules.

       Chapter 4--Investing in American Families, Communities, and Small
                                   Businesses

          subchapter a--permanent investments in families and children

    Sec. 70401. Enhancement of employer-provided child care credit.
    Sec. 70402. Enhancement of adoption credit.
    Sec. 70403. Recognizing Indian tribal governments for purposes of
              determining whether a child has special needs for purposes of
              the adoption credit.
    Sec. 70404. Enhancement of the dependent care assistance program.
    Sec. 70405. Enhancement of child and dependent care tax credit.

       subchapter b--permanent investments in students and reforms to tax-
                               exempt institutions

    Sec. 70411. Tax credit for contributions of individuals to scholarship
              granting organizations.
    Sec. 70412. Exclusion for employer payments of student loans.
    Sec. 70413. Additional expenses treated as qualified higher education
              expenses for purposes of 529 accounts.
    Sec. 70414. Certain postsecondary credentialing expenses treated as
              qualified higher education expenses for purposes of 529
              accounts.
    Sec. 70415. Modification of excise tax on investment income of certain
              private colleges and universities.
    Sec. 70416. Expanding application of tax on excess compensation within
              tax-exempt organizations.

          subchapter c--permanent investments in community development

    Sec. 70421. Permanent renewal and enhancement of opportunity zones.
    Sec. 70422. Permanent enhancement of low-income housing tax credit.
    Sec. 70423. Permanent extension of new markets tax credit.
    Sec. 70424. Permanent and expanded reinstatement of partial deduction
              for charitable contributions of individuals who do not elect
              to itemize.
    Sec. 70425. 0.5 percent floor on deduction of contributions made by
              individuals.
    Sec. 70426. 1-percent floor on deduction of charitable contributions
              made by corporations.
    Sec. 70427. Permanent increase in limitation on cover over of tax on
              distilled spirits.
    Sec. 70428. Nonprofit community development activities in remote native
              villages.
    Sec. 70429. Adjustment of charitable deduction for certain expenses
              incurred in support of Native Alaskan subsistence whaling.
    Sec. 70430. Exception to percentage of completion method of accounting
              for certain residential construction contracts.

     subchapter d--permanent investments in small business and rural america

    Sec. 70431. Expansion of qualified small business stock gain exclusion.
    Sec. 70432. Repeal of revision to de minimis rules for third party
              network transactions.
    Sec. 70433. Increase in threshold for requiring information reporting
              with respect to certain payees.
    Sec. 70434. Treatment of certain qualified sound recording productions.
    Sec. 70435. Exclusion of interest on loans secured by rural or
              agricultural real property.
    Sec. 70436. Reduction of transfer and manufacturing taxes for certain
              devices.
    Sec. 70437. Treatment of capital gains from the sale of certain farmland
              property.
    Sec. 70438. Extension of rules for treatment of certain disaster-related
              personal casualty losses.
    Sec. 70439. Restoration of taxable REIT subsidiary asset test.

       Chapter 5--Ending Green New Deal Spending, Promoting America-first
                            Energy, and Other Reforms

              subchapter a--termination of green new deal subsidies

    Sec. 70501. Termination of previously-owned clean vehicle credit.
    Sec. 70502. Termination of clean vehicle credit.
    Sec. 70503. Termination of qualified commercial clean vehicles credit.
    Sec. 70504. Termination of alternative fuel vehicle refueling property
              credit.
    Sec. 70505. Termination of energy efficient home improvement credit.
    Sec. 70506. Termination of residential clean energy credit.
    Sec. 70507. Termination of energy efficient commercial buildings
              deduction.
    Sec. 70508. Termination of new energy efficient home credit.
    Sec. 70509. Termination of cost recovery for energy property.
    Sec. 70510. Modifications of zero-emission nuclear power production
              credit.
    Sec. 70511. Termination of clean hydrogen production credit.
    Sec. 70512. Termination and restrictions on clean electricity production
              credit.
    Sec. 70513. Termination and restrictions on clean electricity investment
              credit.
    Sec. 70514. Phase-out and restrictions on advanced manufacturing
              production credit.
    Sec. 70515. Restriction on the extension of advanced energy project
              credit program.

            subchapter b--enhancement of america-first energy policy

    Sec. 70521. Extension and modification of clean fuel production credit.
    Sec. 70522. Restrictions on carbon oxide sequestration credit.
    Sec. 70523. Intangible drilling and development costs taken into account
              for purposes of computing adjusted financial statement income.
    Sec. 70524. Income from hydrogen storage, carbon capture, advanced
              nuclear, hydropower, and geothermal energy added to qualifying
              income of certain publicly traded partnerships.
    Sec. 70525. Allow for payments to certain individuals who dye fuel.

                           subchapter c--other reforms

    Sec. 70531. Modifications to de minimis entry privilege for commercial
              shipments.

      Chapter 6--Enhancing Deduction and Income Tax Credit Guardrails, and
                                  Other Reforms

    Sec. 70601. Modification and extension of limitation on excess business
              losses of noncorporate taxpayers.
    Sec. 70602. Treatment of payments from partnerships to partners for
              property or services.
    Sec. 70603. Excessive employee remuneration from controlled group
              members and allocation of deduction.
    Sec. 70604. Excise tax on certain remittance transfers.
    Sec. 70605. Enforcement provisions with respect to COVID-related
              employee retention credits.
    Sec. 70606. Social security number requirement for American Opportunity
              and Lifetime Learning credits.
    Sec. 70607. Task force on the replacement of Direct File.

                               Subtitle B--Health

                               Chapter 1--Medicaid

         subchapter a--reducing fraud and improving enrollment processes

    Sec. 71101. Moratorium on implementation of rule relating to eligibility
              and enrollment in Medicare Savings Programs.
    Sec. 71102. Moratorium on implementation of rule relating to eligibility
              and enrollment for Medicaid, CHIP, and the Basic Health
              Program.
    Sec. 71103. Reducing duplicate enrollment under the Medicaid and CHIP
              programs.
    Sec. 71104. Ensuring deceased individuals do not remain enrolled.
    Sec. 71105. Ensuring deceased providers do not remain enrolled.
    Sec. 71106. Payment reduction related to certain erroneous excess
              payments under Medicaid.
    Sec. 71107. Eligibility redeterminations.
    Sec. 71108. Revising home equity limit for determining eligibility for
              long-term care services under the Medicaid program.
    Sec. 71109. Alien Medicaid eligibility.
    Sec. 71110. Expansion FMAP for emergency Medicaid.

                   subchapter b--preventing wasteful spending

    Sec. 71111. Moratorium on implementation of rule relating to staffing
              standards for long-term care facilities under the Medicare and
              Medicaid programs.
    Sec. 71112. Reducing State Medicaid costs.
    Sec. 71113. Federal payments to prohibited entities.

               subchapter c--stopping abusive financing practices

    Sec. 71114. Sunsetting increased FMAP incentive.
    Sec. 71115. Provider taxes.
    Sec. 71116. State directed payments.
    Sec. 71117. Requirements regarding waiver of uniform tax requirement for
              Medicaid provider tax.
    Sec. 71118. Requiring budget neutrality for Medicaid demonstration
              projects under section 1115.

                subchapter d--increasing personal accountability

    Sec. 71119. Requirement for States to establish Medicaid community
              engagement requirements for certain individuals.
    Sec. 71120. Modifying cost sharing requirements for certain expansion
              individuals under the Medicaid program.

                     subchapter e--expanding access to care

    Sec. 71121. Making certain adjustments to coverage of home or community-
              based services under Medicaid.

                               Chapter 2--Medicare

              subchapter a--strengthening eligibility requirements

    Sec. 71201. Limiting Medicare coverage of certain individuals.

                  subchapter b--improving services for seniors

    Sec. 71202. Temporary payment increase under the medicare physician fee
              schedule to account for exceptional circumstances.
    Sec. 71203. Expanding and clarifying the exclusion for orphan drugs
              under the Drug Price Negotiation Program.

                              Chapter 3--Health Tax

                  subchapter a--improving eligibility criteria

    Sec. 71301. Permitting premium tax credit only for certain individuals.
    Sec. 71302. Disallowing premium tax credit during periods of medicaid
              ineligibility due to alien status.

                subchapter b--preventing waste, fraud, and abuse

    Sec. 71303. Requiring verification of eligibility for premium tax
              credit.
    Sec. 71304. Disallowing premium tax credit in case of certain coverage
              enrolled in during special enrollment period.
    Sec. 71305. Eliminating limitation on recapture of advance payment of
              premium tax credit.

                   subchapter c--enhancing choice for patients

    Sec. 71306. Permanent extension of safe harbor for absence of deductible
              for telehealth services.
    Sec. 71307. Allowance of bronze and catastrophic plans in connection
              with health savings accounts.
    Sec. 71308. Treatment of direct primary care service arrangements.

               Chapter 4--Protecting Rural Hospitals and Providers

    Sec. 71401. Rural Health Transformation Program.

                       Subtitle C--Increase in Debt Limit

    Sec. 72001. Modification of limitation on the public debt.

                            Subtitle D--Unemployment

    Sec. 73001. Ending unemployment payments to jobless millionaires.

         TITLE VIII--COMMITTEE ON HEALTH, EDUCATION, LABOR, AND PENSIONS

                     Subtitle A--Exemption of Certain Assets

    Sec. 80001. Exemption of certain assets.

                             Subtitle B--Loan Limits

    Sec. 81001. Establishment of loan limits for graduate and professional
              students and parent borrowers; termination of graduate and
              professional PLUS loans.

                           Subtitle C--Loan Repayment

    Sec. 82001. Loan repayment.
    Sec. 82002. Deferment; forbearance.
    Sec. 82003. Loan rehabilitation.
    Sec. 82004. Public service loan forgiveness.
    Sec. 82005. Student loan servicing.

                             Subtitle D--Pell Grants

    Sec. 83001. Eligibility.
    Sec. 83002. Workforce Pell Grants.
    Sec. 83003. Pell shortfall.
    Sec. 83004. Federal Pell Grant exclusion relating to other grant aid.

                           Subtitle E--Accountability

    Sec. 84001. Ineligibility based on low earning outcomes.

                          Subtitle F--Regulatory Relief

    Sec. 85001. Delay of rule relating to borrower defense to repayment.
    Sec. 85002. Delay of rule relating to closed school discharges.

                          Subtitle G--Garden of Heroes

    Sec. 86001. Garden of Heroes.

                   Subtitle H--Office of Refugee Resettlement

    Sec. 87001. Potential sponsor vetting for unaccompanied alien children
              appropriation.

        TITLE IX--COMMITTEE ON HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS

                    Subtitle A--Homeland Security Provisions

    Sec. 90001. Border infrastructure and wall system.
    Sec. 90002. U.S. Customs and Border Protection personnel, fleet
              vehicles, and facilities.
    Sec. 90003. Detention capacity.
    Sec. 90004. Border security, technology, and screening.
    Sec. 90005. State and local assistance.
    Sec. 90006. Presidential residence protection.
    Sec. 90007. Department of Homeland Security appropriations for border
              support.

                   Subtitle B--Governmental Affairs Provisions

    Sec. 90101. FEHB improvements.
    Sec. 90102. Pandemic Response Accountability Committee.
    Sec. 90103. Appropriation for the Office of Management and Budget.

                       TITLE X--COMMITTEE ON THE JUDICIARY

               Subtitle A--Immigration and Law Enforcement Matters

                            PART I--Immigration Fees

    Sec. 100001. Applicability of the immigration laws.
    Sec. 100002. Asylum fee.
    Sec. 100003. Employment authorization document fees.
    Sec. 100004. Immigration parole fee.
    Sec. 100005. Special immigrant juvenile fee.
    Sec. 100006. Temporary protected status fee.
    Sec. 100007. Visa integrity fee.
    Sec. 100008. Form I-94 fee.
    Sec. 100009. Annual asylum fee.
    Sec. 100010. Fee relating to renewal and extension of employment
              authorization for parolees.
    Sec. 100011. Fee relating to renewal or extension of employment
              authorization for asylum applicants.
    Sec. 100012. Fee relating to renewal and extension of employment
              authorization for aliens granted temporary protected status.
    Sec. 100013. Fees relating to applications for adjustment of status.
    Sec. 100014. Electronic System for Travel Authorization fee.
    Sec. 100015. Electronic Visa Update System fee.
    Sec. 100016. Fee for aliens ordered removed in absentia.
    Sec. 100017. Inadmissible alien apprehension fee.
    Sec. 100018. Amendment to authority to apply for asylum.

                PART II--Immigration and Law Enforcement Funding

    Sec. 100051. Appropriation for the Department of Homeland Security.
    Sec. 100052. Appropriation for U.S. Immigration and Customs Enforcement.
    Sec. 100053. Appropriation for Federal Law Enforcement Training Centers.
    Sec. 100054. Appropriation for the Department of Justice.
    Sec. 100055. Bridging Immigration-related Deficits Experienced
              Nationwide Reimbursement Fund.
    Sec. 100056. Appropriation for the Bureau of Prisons.
    Sec. 100057. Appropriation for the United States Secret Service.

                          Subtitle B--Judiciary Matters

    Sec. 100101. Appropriation to the Administrative Office of the United
              States Courts.
    Sec. 100102. Appropriation to the Federal Judicial Center.

               Subtitle C--Radiation Exposure Compensation Matters

    Sec. 100201. Extension of fund.
    Sec. 100202. Claims relating to atmospheric testing.
    Sec. 100203. Claims relating to uranium mining.
    Sec. 100204. Claims relating to Manhattan Project waste.
    Sec. 100205. Limitations on claims.

           TITLE I--COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY
                             Subtitle A--Nutrition

    SEC. 10101. RE-EVALUATION OF THRIFTY FOOD PLAN.
        (a) In General.--Section 3 of the Food and Nutrition Act of 2008 (7
    U.S.C. 2012) is amended by striking subsection (u) and inserting the
    following:
        ``(u) Thrifty Food Plan.--
            ``(1) In general.--The term `thrifty food plan' means the diet
        required to feed a family of 4 persons consisting of a man and a
        woman ages 20 through 50, a child ages 6 through 8, and a child
        ages 9 through 11 using the items and quantities of food described
        in the report of the Department of Agriculture entitled `Thrifty
        Food Plan, 2021', and each successor report updated pursuant to
        this subsection, subject to the conditions that--
                ``(A) the relevant market baskets of the thrifty food plan
            shall only be changed pursuant to paragraph (4);
                ``(B) the cost of the thrifty food plan shall be the basis
            for uniform allotments for all households, regardless of the
            actual composition of the household; and
                ``(C) the cost of the thrifty food plan may only be
            adjusted in accordance with this subsection.
            ``(2) Household adjustments.--The Secretary shall make
        household adjustments using the following ratios of household size
        as a percentage of the maximum 4-person allotment:
                ``(A) For a 1-person household, 30 percent.
                ``(B) For a 2-person household, 55 percent.
                ``(C) For a 3-person household, 79 percent.
                ``(D) For a 4-person household, 100 percent.
                ``(E) For a 5-person household, 119 percent.
                ``(F) For a 6-person household, 143 percent.
                ``(G) For a 7-person household, 158 percent.
                ``(H) For an 8-person household, 180 percent.
                ``(I) For a household of 9 persons or more, an additional
            22 percent per person, which additional percentage shall not
            total more than 200 percent.
            ``(3) Allowable cost adjustments.--The Secretary shall--
                ``(A) make cost adjustments in the thrifty food plan for
            Hawaii and the urban and rural parts of Alaska to reflect the
            cost of food in Hawaii and urban and rural Alaska;
                ``(B) make cost adjustments in the separate thrifty food
            plans for Guam and the Virgin Islands of the United States to
            reflect the cost of food in those States, but not to exceed the
            cost of food in the 50 States and the District of Columbia; and
                ``(C) on October 1, 2025, and on each October 1 thereafter,
            adjust the cost of the thrifty food plan to reflect changes in
            the Consumer Price Index for All Urban Consumers, published by
            the Bureau of Labor Statistics of the Department of Labor, for
            the most recent 12-month period ending in June.
            ``(4) Re-evaluation of market baskets.--
                ``(A) Re-evaluation.--Not earlier than October 1, 2027, the
            Secretary may re-evaluate the market baskets of the thrifty
            food plan based on current food prices, food composition data,
            consumption patterns, and dietary guidance.
                ``(B) Cost neutrality.--The Secretary shall not increase
            the cost of the thrifty food plan based on a re-evaluation
            under this paragraph.''.
        (b) Conforming Amendments.--
            (1) Section 16(c)(1)(A)(ii)(II) of the Food and Nutrition Act
        of 2008 (7 U.S.C. 2025(c)(1)(A)(ii)(II)) is amended by striking
        ``section 3(u)(4)'' and inserting ``section 3(u)(3)''.
            (2) Section 19(a)(2)(A)(ii) of the Food and Nutrition Act of
        2008 (7 U.S.C. 2028(a)(2)(A)(ii)) is amended by striking ``section
        3(u)(4)'' and inserting ``section 3(u)(3)''.
            (3) Section 27(a)(2) of the Food and Nutrition Act of 2008 (7
        U.S.C. 2036(a)(2))) is amended by striking ``section 3(u)(4)'' each
        place it appears and inserting ``section 3(u)(3)''.
    SEC. 10102. MODIFICATIONS TO SNAP WORK REQUIREMENTS FOR ABLE-BODIED
    ADULTS.
        (a) Exceptions.--Section 6(o) of the Food and Nutrition Act of 2008
    (7 U.S.C. 2015(o)) is amended by striking paragraph (3) and inserting
    the following:
            ``(3) Exceptions.--Paragraph (2) shall not apply to an
        individual if the individual is--
                ``(A) under 18, or over 65, years of age;
                ``(B) medically certified as physically or mentally unfit
            for employment;
                ``(C) a parent or other member of a household with
            responsibility for a dependent child under 14 years of age;
                ``(D) otherwise exempt under subsection (d)(2);
                ``(E) a pregnant woman;
                ``(F) an Indian or an Urban Indian (as such terms are
            defined in paragraphs (13) and (28) of section 4 of the Indian
            Health Care Improvement Act); or
                ``(G) a California Indian described in section 809(a) of
            the Indian Health Care Improvement Act.''.
        (b) Standardizing Enforcement.--Section 6(o)(4) of the Food and
    Nutrition Act of 2008 (7 U.S.C. 2015(o)(4)) is amended--
            (1) in subparagraph (A), by striking clause (ii) and inserting
        the following:
                    ``(ii) is in a noncontiguous State and has an
                unemployment rate that is at or above 1.5 times the
                national unemployment rate.''; and
            (2) by adding at the end the following:
                ``(C) Definition of noncontiguous state.--
                    ``(i) In general.--In this paragraph, the term
                `noncontiguous State' means a State that is not 1 of the
                contiguous 48 States or the District of Columbia.
                    ``(ii) Exclusions.--The term `noncontiguous State' does
                not include Guam or the Virgin Islands of the United
                States.''.
        (c) Waiver for Noncontiguous States.--Section 6(o) of the Food and
    Nutrition Act of 2008 (7 U.S.C. 2015(o)) is amended--
            (1) by redesignating paragraph (7) as paragraph (8); and
            (2) by inserting after paragraph (6) the following:
            ``(7) Exemption for noncontiguous states.--
                ``(A) Definition of noncontiguous state.--
                    ``(i) In general.--In this paragraph, the term
                `noncontiguous State' means a State that is not 1 of the
                contiguous 48 States or the District of Columbia.
                    ``(ii) Exclusions.--In this paragraph, the term
                `noncontiguous State' does not include Guam or the Virgin
                Islands of the United States.
                ``(B) Exemption.--Subject to subparagraph (D), the
            Secretary may exempt individuals in a noncontiguous State from
            compliance with the requirements of paragraph (2) if--
                    ``(i) the State agency submits to the Secretary a
                request for that exemption, made in such form and at such
                time as the Secretary may require, and including the
                information described in subparagraph (C); and
                    ``(ii) the Secretary determines that based on that
                request, the State agency is demonstrating a good faith
                effort to comply with the requirements of paragraph (2).
                ``(C) Good faith effort determination.--In determining
            whether a State agency is demonstrating a good faith effort for
            purposes of subparagraph (B)(ii), the Secretary shall
            consider--
                    ``(i) any actions taken by the State agency toward
                compliance with the requirements of paragraph (2);
                    ``(ii) any significant barriers to or challenges in
                meeting those requirements, including barriers or
                challenges relating to funding, design, development,
                procurement, or installation of necessary systems or
                resources;
                    ``(iii) the detailed plan and timeline of the State
                agency for achieving full compliance with those
                requirements, including any milestones (as defined by the
                Secretary); and
                    ``(iv) any other criteria determined appropriate by the
                Secretary.
                ``(D) Duration of exemption.--
                    ``(i) In general.--An exemption granted under
                subparagraph (B) shall expire not later than December 31,
                2028, and may not be renewed beyond that date.
                    ``(ii) Early termination.--The Secretary may terminate
                an exemption granted under subparagraph (B) prior to the
                expiration date of that exemption if the Secretary
                determines that the State agency--

                        ``(I) has failed to comply with the reporting
                    requirements described in subparagraph (E); or
                        ``(II) based on the information provided pursuant
                    to subparagraph (E), failed to make continued good
                    faith efforts toward compliance with the requirements
                    of this subsection.

                ``(E) Reporting requirements.--A State agency granted an
            exemption under subparagraph (B) shall submit to the
            Secretary--
                    ``(i) quarterly progress reports on the status of the
                State agency in achieving the milestones toward full
                compliance described in subparagraph (C)(iii); and
                    ``(ii) information on specific risks or newly
                identified barriers or challenges to full compliance,
                including the plan of the State agency to mitigate those
                risks, barriers, or challenges.''.
    SEC. 10103. AVAILABILITY OF STANDARD UTILITY ALLOWANCES BASED ON
    RECEIPT OF ENERGY ASSISTANCE.
        (a) Standard Utility Allowance.--Section 5(e)(6)(C)(iv)(I) of the
    Food and Nutrition Act of 2008 (7 U.S.C. 2014(e)(6)(C)(iv)(I)) is
    amended by inserting ``with an elderly or disabled member'' after
    ``households''.
        (b) Third-party Energy Assistance Payments.--Section 5(k)(4) of the
    Food and Nutrition Act of 2008 (7 U.S.C. 2014(k)(4)) is amended--
            (1) in subparagraph (A), by inserting ``without an elderly or
        disabled member'' before ``shall be''; and
            (2) in subparagraph (B), by inserting ``with an elderly or
        disabled member'' before ``under a State law''.
    SEC. 10104. RESTRICTIONS ON INTERNET EXPENSES.
        Section 5(e)(6) of the Food and Nutrition Act of 2008 (7 U.S.C.
    2014(e)(6)) is amended by adding at the end the following:
                ``(E) Restrictions on internet expenses.--Any service fee
            associated with internet connection shall not be used in
            computing the excess shelter expense deduction under this
            paragraph.''.
    SEC. 10105. MATCHING FUNDS REQUIREMENTS.
        (a) In General.--Section 4(a) of the Food and Nutrition Act of 2008
    (7 U.S.C. 2013(a)) is amended--
            (1) by striking ``(a) Subject to'' and inserting the following:
        ``(a) Program.--
            ``(1) Establishment.--Subject to''; and
            (2) by adding at the end the following:
            ``(2) State quality control incentive.--
                ``(A) Definition of payment error rate.--In this paragraph,
            the term `payment error rate' has the meaning given the term in
            section 16(c)(2).
                ``(B) State cost share.--
                    ``(i) In general.--Subject to clause (iii), beginning
                in fiscal year 2028, if the payment error rate of a State
                as determined under clause (ii) is--

                        ``(I) less than 6 percent, the Federal share of the
                    cost of the allotment described in paragraph (1) for
                    that State in a fiscal year shall be 100 percent, and
                    the State share shall be 0 percent;
                        ``(II) equal to or greater than 6 percent but less
                    than 8 percent, the Federal share of the cost of the
                    allotment described in paragraph (1) for that State in
                    a fiscal year shall be 95 percent, and the State share
                    shall be 5 percent;
                        ``(III) equal to or greater than 8 percent but less
                    than 10 percent, the Federal share of the cost of the
                    allotment described in paragraph (1) for that State in
                    a fiscal year shall be 90 percent, and the State share
                    shall be 10 percent; and
                        ``(IV) equal to or greater than 10 percent, the
                    Federal share of the cost of the allotment described in
                    paragraph (1) for that State in a fiscal year shall be
                    85 percent, and the State share shall be 15 percent.

                    ``(ii) Elections.--

                        ``(I) Fiscal year 2028.--For fiscal year 2028, to
                    calculate the applicable State share under clause (i),
                    a State may elect to use the payment error rate of the
                    State from fiscal year 2025 or 2026.
                        ``(II) Fiscal year 2029 and thereafter.--For fiscal
                    year 2029 and each fiscal year thereafter, to calculate
                    the applicable State share under clause (i), the
                    Secretary shall use the payment error rate of the State
                    for the third fiscal year preceding the fiscal year for
                    which the State share is being calculated.

                    ``(iii) Delayed implementation.--

                        ``(I) Fiscal year 2025.--If, for fiscal year 2025,
                    the payment error rate of a State multiplied by 1.5 is
                    equal to or above 20 percent, the implementation date
                    under clause (i) for that State shall be fiscal year
                    2029.
                        ``(II) Fiscal year 2026.--If, for fiscal year 2026,
                    the payment error rate of a State multiplied by 1.5 is
                    equal to or above 20 percent, the implementation date
                    under clause (i) for that State shall be fiscal year
                    2030.

            ``(3) Maximum federal payment.--The Secretary may not pay
        towards the cost of an allotment described in paragraph (1) an
        amount that is greater than the applicable Federal share under
        paragraph (2).''.
        (b) Limitation on Authority.--Section 13(a)(1) of the Food and
    Nutrition Act of 2008 (7 U.S.C. 2022(a)(1)) is amended in the first
    sentence by inserting ``or the payment or disposition of a State share
    under section 4(a)(2)'' after ``16(c)(1)(D)(i)(II)''.
    SEC. 10106. ADMINISTRATIVE COST SHARING.
        Section 16(a) of the Food and Nutrition Act of 2008 (7 U.S.C.
    2025(a)) is amended in the matter preceding paragraph (1) by striking
    ``agency an amount equal to 50 per centum'' and inserting ``agency,
    through fiscal year 2026, 50 percent, and for fiscal year 2027 and each
    fiscal year thereafter, 25 percent,''.
    SEC. 10107. NATIONAL EDUCATION AND OBESITY PREVENTION GRANT PROGRAM.
        Section 28(d)(1)(F) of the Food and Nutrition Act of 2008 (7 U.S.C.
    2036a(d)(1)(F)) is amended by striking ``for fiscal year 2016 and each
    subsequent fiscal year'' and inserting ``for each of fiscal years 2016
    through 2025''.
    SEC. 10108. ALIEN SNAP ELIGIBILITY.
        Section 6(f) of the Food and Nutrition Act of 2008 (7 U.S.C.
    2015(f)) is amended to read as follows:
        ``(f) No individual who is a member of a household otherwise
    eligible to participate in the supplemental nutrition assistance
    program under this section shall be eligible to participate in the
    supplemental nutrition assistance program as a member of that or any
    other household unless he or she is--
            ``(1) a resident of the United States; and
            ``(2) either--
                ``(A) a citizen or national of the United States;
                ``(B) an alien lawfully admitted for permanent residence as
            an immigrant as defined by sections 101(a)(15) and 101(a)(20)
            of the Immigration and Nationality Act, excluding, among
            others, alien visitors, tourists, diplomats, and students who
            enter the United States temporarily with no intention of
            abandoning their residence in a foreign country;
                ``(C) an alien who has been granted the status of Cuban and
            Haitian entrant, as defined in section 501(e) of the Refugee
            Education Assistance Act of 1980 (Public Law 96-422); or
                ``(D) an individual who lawfully resides in the United
            States in accordance with a Compact of Free Association
            referred to in section 402(b)(2)(G) of the Personal
            Responsibility and Work Opportunity Reconciliation Act of 1996.
        The income (less, at State option, a pro rata share) and financial
        resources of the individual rendered ineligible to participate in
        the supplemental nutrition assistance program under this subsection
        shall be considered in determining the eligibility and the value of
        the allotment of the household of which such individual is a
        member.''.

                              Subtitle B--Forestry

    SEC. 10201. RESCISSION OF AMOUNTS FOR FORESTRY.
        The unobligated balances of amounts appropriated by the following
    provisions of Public Law 117-169 are rescinded:
            (1) Paragraphs (3) and (4) of section 23001(a) (136 Stat.
        2023).
            (2) Paragraphs (1) through (4) of section 23002(a) (136 Stat.
        2025).
            (3) Section 23003(a)(2) (136 Stat. 2026).
            (4) Section 23005 (136 Stat. 2027).

                            Subtitle C--Commodities

    SEC. 10301. EFFECTIVE REFERENCE PRICE; REFERENCE PRICE.
        (a) Effective Reference Price.--Section 1111(8)(B)(ii) of the
    Agricultural Act of 2014 (7 U.S.C. 9011(8)(B)(ii)) is amended by
    striking ``85'' and inserting ``beginning with the crop year 2025,
    88''.
        (b) Reference Price.--Section 1111 of the Agricultural Act of 2014
    (7 U.S.C. 9011) is amended by striking paragraph (19) and inserting the
    following:
            ``(19) Reference price.--
                ``(A) In general.--Effective beginning with the 2025 crop
            year, subject to subparagraphs (B) and (C), the term `reference
            price', with respect to a covered commodity for a crop year,
            means the following:
                    ``(i) For wheat, $6.35 per bushel.
                    ``(ii) For corn, $4.10 per bushel.
                    ``(iii) For grain sorghum, $4.40 per bushel.
                    ``(iv) For barley, $5.45 per bushel.
                    ``(v) For oats, $2.65 per bushel.
                    ``(vi) For long grain rice, $16.90 per hundredweight.
                    ``(vii) For medium grain rice, $16.90 per
                hundredweight.
                    ``(viii) For soybeans, $10.00 per bushel.
                    ``(ix) For other oilseeds, $23.75 per hundredweight.
                    ``(x) For peanuts, $630.00 per ton.
                    ``(xi) For dry peas, $13.10 per hundredweight.
                    ``(xii) For lentils, $23.75 per hundredweight.
                    ``(xiii) For small chickpeas, $22.65 per hundredweight.
                    ``(xiv) For large chickpeas, $25.65 per hundredweight.
                    ``(xv) For seed cotton, $0.42 per pound.
                ``(B) Effectiveness.--Effective beginning with the 2031
            crop year, the reference prices defined in subparagraph (A)
            with respect to a covered commodity shall equal the reference
            price in the previous crop year multiplied by 1.005.
                ``(C) Limitation.--In no case shall a reference price for a
            covered commodity exceed 113 percent of the reference price for
            such covered commodity listed in subparagraph (A).''.
    SEC. 10302. BASE ACRES.
        Section 1112 of the Agricultural Act of 2014 (7 U.S.C. 9012) is
    amended--
            (1) in subsection (d)(3)(A), by striking ``2023'' and inserting
        ``2031''; and
            (2) by adding at the end the following:
        ``(e) Additional Base Acres.--
            ``(1) In general.--As soon as practicable after the date of
        enactment of this subsection, and notwithstanding subsection (a),
        the Secretary shall provide notice to owners of eligible farms
        pursuant to paragraph (3) and allocate to those eligible farms a
        total of not more than an additional 30,000,000 base acres in the
        manner provided in this subsection. An owner of a farm that is
        eligible to receive an allocation of base acres may elect to not
        receive that allocation by notifying the Secretary not later than
        90 days after receipt of the notice provided by the Secretary under
        this paragraph.
            ``(2) Content of notice.--The notice under paragraph (1) shall
        include the following:
                ``(A) Information that the allocation is occurring.
                ``(B) Information regarding the eligibility of the farm for
            an allocation of base acres under paragraph (3).
                ``(C) Information regarding how an owner may appeal a
            determination of ineligibility for an allocation of base acres
            under paragraph (3) through an appeals process established by
            the Secretary.
            ``(3) Eligibility.--
                ``(A) In general.--Subject to subparagraph (D), effective
            beginning with the 2026 crop year, a farm is eligible to
            receive an allocation of base acres if, with respect to the
            farm, the amount described in subparagraph (B) exceeds the
            amount described in subparagraph (C).
                ``(B) 5-year average sum.--The amount described in this
            subparagraph, with respect to a farm, is the sum of--
                    ``(i) the 5-year average of--

                        ``(I) the acreage planted on the farm to all
                    covered commodities for harvest, grazing, haying,
                    silage or other similar purposes for the 2019 through
                    2023 crop years; and
                        ``(II) any acreage on the farm that the producers
                    were prevented from planting during the 2019 through
                    2023 crop years to covered commodities because of
                    drought, flood, or other natural disaster, or other
                    condition beyond the control of the producers, as
                    determined by the Secretary; plus

                    ``(ii) the lesser of--

                        ``(I) 15 percent of the total acres on the farm;
                    and
                        ``(II) the 5-year average of--

                            ``(aa) the acreage planted on the farm to
                        eligible noncovered commodities for harvest,
                        grazing, haying, silage, or other similar purposes
                        for the 2019 through 2023 crop years; and
                            ``(bb) any acreage on the farm that the
                        producers were prevented from planting during the
                        2019 through 2023 crop years to eligible noncovered
                        commodities because of drought, flood, or other
                        natural disaster, or other condition beyond the
                        control of the producers, as determined by the
                        Secretary.
                ``(C) Total number of base acres for covered commodities.--
            The amount described in this subparagraph, with respect to a
            farm, is the total number of base acres for covered commodities
            on the farm (excluding unassigned crop base), as in effect on
            September 30, 2024.
                ``(D) Effect of no recent plantings of covered
            commodities.--In the case of a farm for which the amount
            determined under clause (i) of subparagraph (B) is equal to
            zero, that farm shall be ineligible to receive an allocation of
            base acres under this subsection.
                ``(E) Acreage planted on the farm to eligible noncovered
            commodities defined.--In this paragraph, the term `acreage
            planted on the farm to eligible noncovered commodities' means
            acreage planted on a farm to commodities other than covered
            commodities, trees, bushes, vines, grass, or pasture (including
            cropland that was idle or fallow), as determined by the
            Secretary.
            ``(4) Number of base acres.--Subject to paragraphs (3) and (8),
        the number of base acres allocated to an eligible farm shall--
                ``(A) be equal to the difference obtained by subtracting
            the amount determined under subparagraph (C) of paragraph (3)
            from the amount determined under subparagraph (B) of that
            paragraph; and
                ``(B) include unassigned crop base.
            ``(5) Allocation of acres.--
                ``(A) Allocation.--The Secretary shall allocate the number
            of base acres under paragraph (4) among those covered
            commodities planted on the farm at any time during the 2019
            through 2023 crop years.
                ``(B) Allocation formula.--The allocation of additional
            base acres for covered commodities shall be in proportion to
            the ratio of--
                    ``(i) the 5-year average of--

                        ``(I) the acreage planted on the farm to each
                    covered commodity for harvest, grazing, haying, silage,
                    or other similar purposes for the 2019 through 2023
                    crop years; and
                        ``(II) any acreage on the farm that the producers
                    were prevented from planting during the 2019 through
                    2023 crop years to that covered commodity because of
                    drought, flood, or other natural disaster, or other
                    condition beyond the control of the producers, as
                    determined by the Secretary; to

                    ``(ii) the 5-year average determined under paragraph
                (3)(B)(i).
                ``(C) Inclusion of all 5 years in average.--For the purpose
            of determining a 5-year acreage average under subparagraph (B)
            for a farm, the Secretary shall not exclude any crop year in
            which a covered commodity was not planted.
                ``(D) Treatment of multiple planting or prevented
            planting.--For the purpose of determining under subparagraph
            (B) the acreage on a farm that producers planted or were
            prevented from planting during the 2019 through 2023 crop years
            to covered commodities, if the acreage that was planted or
            prevented from being planted was devoted to another covered
            commodity in the same crop year (other than a covered commodity
            produced under an established practice of double cropping), the
            owner may elect the covered commodity to be used for that crop
            year in determining the 5-year average, but may not include
            both the initial covered commodity and the subsequent covered
            commodity.
                ``(E) Limitation.--The allocation of additional base acres
            among covered commodities on a farm under this paragraph may
            not result in a total number of base acres for the farm in
            excess of the total number of acres on the farm.
            ``(6) Reduction by the secretary.--In carrying out this
        subsection, if the total number of eligible acres allocated to base
        acres across all farms in the United States under this subsection
        would exceed 30,000,000 acres, the Secretary shall apply an across-
        the-board, pro-rata reduction to the number of eligible acres to
        ensure the number of allocated base acres under this subsection is
        equal to 30,000,000 acres.
            ``(7) Payment yield.--Beginning with crop year 2026, for the
        purpose of making price loss coverage payments under section 1116,
        the Secretary shall establish payment yields to base acres
        allocated under this subsection equal to--
                ``(A) the payment yield established on the farm for the
            applicable covered commodity; and
                ``(B) if no such payment yield for the applicable covered
            commodity exists, a payment yield--
                    ``(i) equal to the average payment yield for the
                covered commodity for the county in which the farm is
                situated; or
                    ``(ii) determined pursuant to section 1113(c).
            ``(8) Treatment of new owners.--In the case of a farm for which
        the owner on the date of enactment of this subsection was not the
        owner for the 2019 through 2023 crop years, the Secretary shall use
        the planting history of the prior owner or owners of that farm for
        purposes of determining--
                ``(A) eligibility under paragraph (3);
                ``(B) eligible acres under paragraph (4); and
                ``(C) the allocation of acres under paragraph (5).''.
    SEC. 10303. PRODUCER ELECTION.
        (a) In General.--Section 1115 of the Agricultural Act of 2014 (7
    U.S.C. 9015) is amended--
            (1) in subsection (a), in the matter preceding paragraph (1),
        by striking ``2023'' and inserting ``2031'';
            (2) in subsection (c)--
                (A) in the matter preceding paragraph (1)--
                    (i) by striking ``crop year or'' and inserting ``crop
                year,''; and
                    (ii) by inserting ``or the 2026 crop year,'' after
                ``2019 crop year,'';
                (B) in paragraph (1)--
                    (i) by striking ``crop year or'' and inserting ``crop
                year,''; and
                    (ii) by inserting ``or the 2026 crop year,'' after
                ``2019 crop year,''; and
                (C) in paragraph (2)--
                    (i) in subparagraph (A), by striking ``and'' at the
                end;
                    (ii) in subparagraph (B), by striking the period at the
                end and inserting ``; and''; and
                    (iii) by adding at the end the following:
                ``(C) the same coverage for each covered commodity on the
            farm for the 2027 through 2031 crop years as was applicable for
            the 2025 crop year.''; and
            (3) by adding at the end the following:
        ``(i) Higher of Price Loss Coverage Payments and Agriculture Risk
    Coverage Payments.--For the 2025 crop year, the Secretary shall, on a
    covered commodity-by-covered commodity basis, make the higher of price
    loss coverage payments under section 1116 and agriculture risk coverage
    county coverage payments under section 1117 to the producers on a farm
    for the payment acres for each covered commodity on the farm.''.
        (b) Federal Crop Insurance Supplemental Coverage Option.--Section
    508(c)(4)(C)(iv) of the Federal Crop Insurance Act (7 U.S.C.
    1508(c)(4)(C)(iv)) is amended by striking ``Crops for which the
    producer has elected under section 1116 of the Agricultural Act of 2014
    to receive agriculture risk coverage and acres'' and inserting
    ``Acres''.
    SEC. 10304. PRICE LOSS COVERAGE.
        Section 1116 of the Agricultural Act of 2014 (7 U.S.C. 9016) is
    amended--
            (1) in subsection (a)(2), in the matter preceding subparagraph
        (A), by striking ``2023'' and inserting ``2031'';
            (2) in subsection (c)(1)(B)--
                (A) in the subparagraph heading, by striking ``2023'' and
            inserting ``2031''; and
                (B) in the matter preceding clause (i), by striking
            ``2023'' and inserting ``2031'';
            (3) in subsection (d), in the matter preceding paragraph (1),
        by striking ``2025'' and inserting ``2031''; and
            (4) in subsection (g)--
                (A) by striking ``subparagraph (F) of section 1111(19)''
            and inserting ``paragraph (19)(A)(vi) of section 1111''; and
                (B) by striking ``2012 through 2016'' each place it appears
            and inserting ``2017 through 2021''.
    SEC. 10305. AGRICULTURE RISK COVERAGE.
        Section 1117 of the Agricultural Act of 2014 (7 U.S.C. 9017) is
    amended--
            (1) in subsection (a), in the matter preceding paragraph (1),
        by striking ``2023'' and inserting ``2031'';
            (2) in subsection (c)--
                (A) in paragraph (1), by inserting ``for each of the 2014
            through 2024 crop years and 90 percent of the benchmark revenue
            for each of the 2025 through 2031 crop years'' before the
            period at the end;
                (B) by striking ``2023'' each place it appears and
            inserting ``2031''; and
                (C) in paragraph (4)(B), in the subparagraph heading, by
            striking ``2023'' and inserting ``2031'';
            (3) in subsection (d)(1), by striking subparagraph (B) and
        inserting the following:
                ``(B)(i) for each of the 2014 through 2024 crop years, 10
            percent of the benchmark revenue for the crop year applicable
            under subsection (c); and
                ``(ii) for each of the 2025 through 2031 crop years, 12
            percent of the benchmark revenue for the crop year applicable
            under subsection (c).''; and
            (4) in subsections (e), (g)(5), and (i)(5), by striking
        ``2023'' each place it appears and inserting ``2031''.
    SEC. 10306. EQUITABLE TREATMENT OF CERTAIN ENTITIES.
        (a) In General.--Section 1001 of the Food Security Act of 1985 (7
    U.S.C. 1308) is amended--
            (1) in subsection (a)--
                (A) by redesignating paragraph (5) as paragraph (6); and
                (B) by inserting after paragraph (4) the following:
            ``(5) Qualified pass-through entity.--The term `qualified pass-
        through entity' means--
                ``(A) a partnership (within the meaning of subchapter K of
            chapter 1 of the Internal Revenue Code of 1986);
                ``(B) an S corporation (as defined in section 1361 of that
            Code);
                ``(C) a limited liability company that does not
            affirmatively elect to be treated as a corporation; and
                ``(D) a joint venture or general partnership.'';
            (2) in subsections (b) and (c), by striking ``except a joint
        venture or general partnership'' each place it appears and
        inserting ``except a qualified pass-through entity''; and
            (3) in subsection (d), by striking ``subtitle B of title I of
        the Agricultural Act of 2014 or''.
        (b) Attribution of Payments.--Section 1001(e)(3)(B)(ii) of the Food
    Security Act of 1985 (7 U.S.C. 1308(e)(3)(B)(ii)) is amended--
            (1) in the clause heading, by striking ``joint ventures and
        general partnerships'' and inserting ``qualified pass-through
        entities'';
            (2) by striking ``a joint venture or a general partnership''
        and inserting ``a qualified pass-through entity'';
            (3) by striking ``joint ventures and general partnerships'' and
        inserting ``qualified pass-through entities''; and
            (4) by striking ``the joint venture or general partnership''
        and inserting ``the qualified pass-through entity''.
        (c) Persons Actively Engaged in Farming.--Section 1001A(b)(2) of
    the Food Security Act of 1985 (7 U.S.C. 1308-1(b)(2)) is amended--
            (1) subparagraphs (A) and (B), by striking ``a general
        partnership, a participant in a joint venture'' each place it
        appears and inserting ``a qualified pass-through entity''; and
            (2) in subparagraph (C), by striking ``a general partnership,
        joint venture, or similar entity'' and inserting ``a qualified
        pass-through entity or a similar entity''.
        (d) Joint and Several Liability.--Section 1001B(d) of the Food
    Security Act of 1985 (7 U.S.C. 1308-2(d)) is amended by striking
    ``partnerships and joint ventures'' and inserting ``qualified pass-
    through entities''.
        (e) Exclusion From AGI Calculation.--Section 1001D(d) of the Food
    Security Act of 1985 (7 U.S.C. 1308-3a(d)) is amended by striking ``,
    general partnership, or joint venture'' each place it appears.
    SEC. 10307. PAYMENT LIMITATIONS.
        Section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) is
    amended--
            (1) in subsection (b)--
                (A) by striking ``The'' and inserting ``Subject to
            subsection (i), the''; and
                (B) by striking ``$125,000'' and inserting ``$155,000'';
            (2) in subsection (c)--
                (A) by striking ``The'' and inserting ``Subject to
            subsection (i), the''; and
                (B) by striking ``$125,000'' and inserting ``$155,000'';
            and
            (3) by adding at the end the following:
        ``(i) Adjustment.--For the 2025 crop year and each crop year
    thereafter, the Secretary shall annually adjust the amounts described
    in subsections (b) and (c) for inflation based on the Consumer Price
    Index for All Urban Consumers published by the Bureau of Labor
    Statistics of the Department of Labor.''.
    SEC. 10308. ADJUSTED GROSS INCOME LIMITATION.
        Section 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308-
    3a(b)) is amended--
            (1) in paragraph (1), by striking ``paragraph (3)'' and
        inserting ``paragraphs (3) and (4)''; and
            (2) by adding at the end the following:
            ``(4) Exception for certain operations.--
                ``(A) Definitions.--In this paragraph:
                    ``(i) Excepted payment or benefit.--The term `excepted
                payment or benefit' means--

                        ``(I) a payment or benefit under subtitle E of
                    title I of the Agricultural Act of 2014 (7 U.S.C. 9081
                    et seq.);
                        ``(II) a payment or benefit under section 196 of
                    the Federal Agriculture Improvement and Reform Act of
                    1996 (7 U.S.C. 7333); and
                        ``(III) a payment or benefit described in paragraph
                    (2)(C) received on or after October 1, 2024.

                    ``(ii) Farming, ranching, or silviculture activities.--
                The term `farming, ranching, or silviculture activities'
                includes agri-tourism, direct-to-consumer marketing of
                agricultural products, the sale of agricultural equipment
                owned by the person or legal entity, and other agriculture-
                related activities, as determined by the Secretary.
                ``(B) Exception.--In the case of an excepted payment or
            benefit, the limitation established by paragraph (1) shall not
            apply to a person or legal entity during a crop, fiscal, or
            program year, as appropriate, if greater than or equal to 75
            percent of the average gross income of the person or legal
            entity derives from farming, ranching, or silviculture
            activities.''.
    SEC. 10309. MARKETING LOANS.
        (a) Availability of Nonrecourse Marketing Assistance Loans for Loan
    Commodities.--Section 1201(b)(1) of the Agricultural Act of 2014 (7
    U.S.C. 9031(b)(1)) is amended by striking ``2023'' and inserting
    ``2031''.
        (b) Loan Rates for Nonrecourse Marketing Assistance Loans.--Section
    1202 of the Agricultural Act of 2014 (7 U.S.C. 9032) is amended--
            (1) in subsection (b)--
                (A) in the subsection heading, by striking ``2023'' and
            inserting ``2025''; and
                (B) in the matter preceding paragraph (1), by striking
            ``2023'' and inserting ``2025'';
            (2) by redesignating subsections (c) and (d) as subsections (d)
        and (e), respectively;
            (3) by inserting after subsection (b) the following:
        ``(c) 2026 Through 2031 Crop Years.--For purposes of each of the
    2026 through 2031 crop years, the loan rate for a marketing assistance
    loan under section 1201 for a loan commodity shall be equal to the
    following:
            ``(1) In the case of wheat, $3.72 per bushel.
            ``(2) In the case of corn, $2.42 per bushel.
            ``(3) In the case of grain sorghum, $2.42 per bushel.
            ``(4) In the case of barley, $2.75 per bushel.
            ``(5) In the case of oats, $2.20 per bushel.
            ``(6) In the case of upland cotton, $0.55 per pound.
            ``(7) In the case of extra long staple cotton, $1.00 per pound.
            ``(8) In the case of long grain rice, $7.70 per hundredweight.
            ``(9) In the case of medium grain rice, $7.70 per
        hundredweight.
            ``(10) In the case of soybeans, $6.82 per bushel.
            ``(11) In the case of other oilseeds, $11.10 per hundredweight
        for each of the following kinds of oilseeds:
                ``(A) Sunflower seed.
                ``(B) Rapeseed.
                ``(C) Canola.
                ``(D) Safflower.
                ``(E) Flaxseed.
                ``(F) Mustard seed.
                ``(G) Crambe.
                ``(H) Sesame seed.
                ``(I) Other oilseeds designated by the Secretary.
            ``(12) In the case of dry peas, $6.87 per hundredweight.
            ``(13) In the case of lentils, $14.30 per hundredweight.
            ``(14) In the case of small chickpeas, $11.00 per
        hundredweight.
            ``(15) In the case of large chickpeas, $15.40 per
        hundredweight.
            ``(16) In the case of graded wool, $1.60 per pound.
            ``(17) In the case of nongraded wool, $0.55 per pound.
            ``(18) In the case of mohair, $5.00 per pound.
            ``(19) In the case of honey, $1.50 per pound.
            ``(20) In the case of peanuts, $390 per ton.'';
            (4) in subsection (d) (as so redesignated), by striking
        ``(a)(11) and (b)(11)'' and inserting ``(a)(11), (b)(11), and
        (c)(11)''; and
            (5) in subsection (e) (as so redesignated), in paragraph (1),
        by striking ``$0.25'' and inserting ``$0.30''.
        (c) Payment of Cotton Storage Costs.--Section 1204(g) of the
    Agricultural Act of 2014 (7 U.S.C. 9034(g)) is amended--
            (1) by striking ``Effective'' and inserting the following:
            ``(1) Crop years 2014 through 2025.--Effective'';
            (2) in paragraph (1) (as so designated), by striking ``2023''
        and inserting ``2025''; and
            (3) by adding at the end the following:
            ``(2) Payment of cotton storage costs.--Effective for each of
        the 2026 through 2031 crop years, the Secretary shall make cotton
        storage payments for upland cotton and extra long staple cotton
        available in the same manner as the Secretary provided storage
        payments for the 2006 crop of upland cotton, except that the
        payment rate shall be equal to the lesser of--
                ``(A) the submitted storage charge for the current
            marketing year; and
                ``(B) in the case of storage in--
                    ``(i) California or Arizona, a payment rate of $4.90;
                and
                    ``(ii) any other State, a payment rate of $3.00.''.
        (d) Loan Deficiency Payments.--
            (1) Continuation.--Section 1205(a)(2)(B) of the Agricultural
        Act of 2014 (7 U.S.C. 9035(a)(2)(B)) is amended by striking
        ``2023'' and inserting ``2031''.
            (2) Payments in lieu of ldps.--Section 1206 of the Agricultural
        Act of 2014 (7 U.S.C. 9036) is amended, in subsections (a) and (d),
        by striking ``2023'' each place it appears and inserting ``2031''.
        (e) Special Competitive Provisions for Extra Long Staple Cotton.--
    Section 1208(a) of the Agricultural Act of 2014 (7 U.S.C. 9038(a)) is
    amended, in the matter preceding paragraph (1), by striking ``2026''
    and inserting ``2032''.
        (f) Availability of Recourse Loans.--Section 1209 of the
    Agricultural Act of 2014 (7 U.S.C. 9039) is amended, in subsections
    (a)(2), (b), and (c), by striking ``2023'' each place it appears and
    inserting ``2031''.
    SEC. 10310. REPAYMENT OF MARKETING LOANS.
        Section 1204 of the Agricultural Act of 2014 (7 U.S.C. 9034) is
    amended--
            (1) in subsection (b)--
                (A) by redesignating paragraph (1) as subparagraph (A) and
            indenting appropriately;
                (B) in the matter preceding subparagraph (A) (as so
            redesignated), by striking ``The Secretary'' and inserting the
            following:
            ``(1) In general.--The Secretary''; and
                (C) by striking paragraph (2) and inserting the following:
                ``(B)(i) in the case of long grain rice and medium grain
            rice, the prevailing world market price for the commodity, as
            determined and adjusted by the Secretary in accordance with
            this section; or
                ``(ii) in the case of upland cotton, the prevailing world
            market price for the commodity, as determined and adjusted by
            the Secretary in accordance with this section.
            ``(2) Refund for upland cotton.--In the case of a repayment for
        a marketing assistance loan for upland cotton at a rate described
        in paragraph (1)(B)(ii), the Secretary shall provide to the
        producer a refund (if any) in an amount equal to the difference
        between the lowest prevailing world market price, as determined and
        adjusted by the Secretary in accordance with this section, during
        the 30-day period following the date on which the producer repays
        the marketing assistance loan and the repayment rate.'';
            (2) in subsection (c)--
                (A) by striking the period at the end and inserting ``;
            and'';
                (B) by striking ``at the loan rate'' and inserting the
            following: "at a rate that is the lesser of-- ``
            ``(1) the loan rate''; and
                (C) by adding at the end the following:
            ``(2) the prevailing world market price for the commodity, as
        determined and adjusted by the Secretary in accordance with this
        section.'';
            (3) in subsection (d)--
                (A) in paragraph (1), by striking ``and medium grain rice''
            and inserting ``medium grain rice, and extra long staple
            cotton'';
                (B) by redesignating paragraphs (1) and (2) as
            subparagraphs (A) and (B), respectively, and indenting
            appropriately;
                (C) in the matter preceding subparagraph (A) (as so
            redesignated), by striking ``For purposes'' and inserting the
            following:
            ``(1) In general.--For purposes''; and
                (D) by adding at the end the following:
            ``(2) Upland cotton.--In the case of upland cotton, for any
        period when price quotations for Middling (M) 1\3/32\-inch cotton
        are available, the formula under paragraph (1)(A) shall be based on
        the average of the 3 lowest-priced growths that are quoted.''; and
            (4) in subsection (e)--
                (A) in the subsection heading, by inserting ``Extra Long
            Staple Cotton,'' after ``Upland Cotton,'';
                (B) in paragraph (2)--
                    (i) in the paragraph heading, by inserting ``Upland''
                before ``Cotton''; and
                    (ii) in subparagraph (B), in the matter preceding
                clause (i), by striking ``2024'' and inserting ``2032'';
                (C) by redesignating paragraph (3) as paragraph (4); and
                (D) by inserting after paragraph (2) the following:
            ``(3) Extra long staple cotton.--The prevailing world market
        price for extra long staple cotton determined under subsection
        (d)--
                ``(A) shall be adjusted to United States quality and
            location, with the adjustment to include the average costs to
            market the commodity, including average transportation costs,
            as determined by the Secretary; and
                ``(B) may be further adjusted, during the period beginning
            on the date of enactment of the Act entitled `An Act to provide
            for reconciliation pursuant to title II of H. Con. Res. 14'
            (119th Congress) and ending on July 31, 2032, if the Secretary
            determines the adjustment is necessary--
                    ``(i) to minimize potential loan forfeitures;
                    ``(ii) to minimize the accumulation of stocks of extra
                long staple cotton by the Federal Government;
                    ``(iii) to ensure that extra long staple cotton
                produced in the United States can be marketed freely and
                competitively; and
                    ``(iv) to ensure an appropriate transition between
                current-crop and forward-crop price quotations, except that
                the Secretary may use forward-crop price quotations prior
                to July 31 of a marketing year only if--

                        ``(I) there are insufficient current-crop price
                    quotations; and
                        ``(II) the forward-crop price quotation is the
                    lowest such quotation available.''.

    SEC. 10311. ECONOMIC ADJUSTMENT ASSISTANCE FOR TEXTILE MILLS.
        Section 1207(c) of the Agricultural Act of 2014 (7 U.S.C. 9037(c))
    is amended by striking paragraph (2) and inserting the following:
            ``(2) Value of assistance.--The value of the assistance
        provided under paragraph (1) shall be--
                ``(A) for the period beginning on August 1, 2013, and
            ending on July 31, 2025, 3 cents per pound; and
                ``(B) beginning on August 1, 2025, 5 cents per pound.''.
    SEC. 10312. SUGAR PROGRAM UPDATES.
        (a) Loan Rate Modifications.--Section 156 of the Federal
    Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is
    amended--
            (1) in subsection (a)--
                (A) in paragraph (4), by striking ``and'' at the end;
                (B) in paragraph (5), by striking ``2023 crop years.'' and
            inserting ``2024 crop years; and''; and
                (C) by adding at the end the following:
            ``(6) 24.00 cents per pound for raw cane sugar for each of the
        2025 through 2031 crop years.'';
            (2) in subsection (b)--
                (A) in paragraph (1), by striking ``and'' at the end;
                (B) in paragraph (2), by striking ``2023 crop years.'' and
            inserting ``2024 crop years; and''; and
                (C) by adding at the end the following:
            ``(3) a rate that is equal to 136.55 percent of the loan rate
        per pound of raw cane sugar under subsection (a)(6) for each of the
        2025 through 2031 crop years.''; and
            (3) in subsection (i), by striking ``2023'' and inserting
        ``2031''.
        (b) Adjustments to Commodity Credit Corporation Storage Rates.--
    Section 167 of the Federal Agriculture Improvement and Reform Act of
    1996 (7 U.S.C. 7287) is amended--
            (1) by striking subsection (a) and inserting the following:
        ``(a) In General.--For the 2025 crop year and each subsequent crop
    year, the Commodity Credit Corporation shall establish rates for the
    storage of forfeited sugar in an amount that is not less than--
            ``(1) in the case of refined sugar, 34 cents per hundredweight
        per month; and
            ``(2) in the case of raw cane sugar, 27 cents per hundredweight
        per month.''; and
            (2) in subsection (b)--
                (A) in the subsection heading, by striking ``Subsequent''
            and inserting ``Prior''; and
                (B) by striking ``and subsequent'' and inserting ``through
            2024''.
        (c) Modernizing Beet Sugar Allotments.--
            (1) Sugar estimates.--Section 359b(a)(1) of the Agricultural
        Adjustment Act of 1938 (7 U.S.C. 1359bb(a)(1)) is amended by
        striking ``2023'' and inserting ``2031''.
            (2) Allocation to processors.--Section 359c(g)(2) of the
        Agricultural Adjustment Act of 1938 (7 U.S.C. 1359cc(g)(2)) is
        amended--
                (A) by striking ``In the case'' and inserting the
            following:
                ``(A) In general.--Except as provided in subparagraph (B),
            in the case''; and
                (B) by adding at the end the following:
                ``(B) Exception.--If the Secretary makes an upward
            adjustment under paragraph (1)(A), in adjusting allocations
            among beet sugar processors, the Secretary shall give priority
            to beet sugar processors with available sugar.''.
            (3) Timing of reassignment.--Section 359e(b)(2) of the
        Agricultural Adjustment Act of 1938 (7 U.S.C. 1359ee(b)(2)) is
        amended--
                (A) by redesignating subparagraphs (A) through (C) as
            clauses (i) through (iii), respectively, and indenting
            appropriately;
                (B) in the matter preceding clause (i) (as so
            redesignated), by striking ``If the Secretary'' and inserting
            the following:
                ``(A) In general.--If the Secretary''; and
                (C) by adding at the end the following:
                ``(B) Timing.--In carrying out subparagraph (A), the
            Secretary shall--
                    ``(i) make an initial determination based on the World
                Agricultural Supply and Demand Estimates approved by the
                World Agricultural Outlook Board for January that shall be
                applicable to the crop year for which allotments are
                required; and
                    ``(ii) provide for an initial reassignment under
                subparagraph (A)(i) not later than 30 days after the date
                on which the World Agricultural Supply and Demand Estimates
                described in clause (i) is released.''.
        (d) Reallocations of Tariff-rate Quota Shortfall.--Section 359k of
    the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359kk) is amended by
    adding at the end the following:
        ``(c) Reallocation.--
            ``(1) Initial reallocation.--Subject to paragraph (3),
        following the establishment of the tariff-rate quotas under
        subsection (a) for a quota year, the Secretary shall--
                ``(A) determine which countries do not intend to fulfill
            their allocation for the quota year; and
                ``(B) reallocate any forecasted shortfall in the
            fulfillment of the tariff-rate quotas as soon as practicable.
            ``(2) Subsequent reallocation.--Subject to paragraph (3), not
        later than March 1 of a quota year, the Secretary shall reallocate
        any additional forecasted shortfall in the fulfillment of the
        tariff-rate quotas for raw cane sugar established under subsection
        (a)(1) for that quota year.
            ``(3) Cessation of effectiveness.--Paragraphs (1) and (2) shall
        cease to be in effect if--
                ``(A) the Agreement Suspending the Countervailing Duty
            Investigation on Sugar from Mexico, signed December 19, 2014,
            is terminated; and
                ``(B) no countervailing duty order under subtitle A of
            title VII of the Tariff Act of 1930 (19 U.S.C. 1671 et seq.) is
            in effect with respect to sugar from Mexico.
        ``(d) Refined Sugar.--
            ``(1) Definition of domestic sugar industry.--In this
        subsection, the term `domestic sugar industry' means domestic--
                ``(A) sugar beet producers and processors;
                ``(B) producers and processors of sugar cane; and
                ``(C) refiners of raw cane sugar.
            ``(2) Study required.--
                ``(A) In general.--Not later than 180 days after the date
            of enactment of this subsection, the Secretary shall conduct a
            study on whether the establishment of additional terms and
            conditions with respect to refined sugar imports is necessary
            and appropriate.
                ``(B) Elements.--In conducting the study under subparagraph
            (A), the Secretary shall examine the following:
                    ``(i) The need for--

                        ``(I) defining `refined sugar' as having a minimum
                    polarization of 99.8 degrees or higher;
                        ``(II) establishing a standard for color- or
                    reflectance-based units for refined sugar such as those
                    utilized by the International Commission of Uniform
                    Methods of Sugar Analysis;
                        ``(III) prescribing specifications for packaging
                    type for refined sugar;
                        ``(IV) prescribing specifications for
                    transportation modes for refined sugar;
                        ``(V) requiring evidence that sugar imported as
                    refined sugar will not undergo further refining in the
                    United States;
                        ``(VI) prescribing appropriate terms and conditions
                    to avoid unlawful sugar imports; and
                        ``(VII) establishing other definitions, terms and
                    conditions, or other requirements.

                    ``(ii) The potential impact of modifications described
                in each of subclauses (I) through (VII) of clause (i) on
                the domestic sugar industry.
                    ``(iii) Whether, based on the needs described in clause
                (i) and the impact described in clause (ii), the
                establishment of additional terms and conditions is
                appropriate.
                ``(C) Consultation.--In conducting the study under
            subparagraph (A), the Secretary shall consult with
            representatives of the domestic sugar industry and users of
            refined sugar.
                ``(D) Report.--Not later than 1 year after the date of
            enactment of this subsection, the Secretary shall submit to the
            Committee on Agriculture of the House of Representatives and
            the Committee on Agriculture, Nutrition, and Forestry of the
            Senate a report that describes the findings of the study
            conducted under subparagraph (A).
            ``(3) Establishment of additional terms and conditions
        permitted.--
                ``(A) In general.--Based on the findings in the report
            submitted under paragraph (2)(D), and after providing notice to
            the Committee on Agriculture of the House of Representatives
            and the Committee on Agriculture, Nutrition, and Forestry of
            the Senate, the Secretary may issue regulations in accordance
            with subparagraph (B) to establish additional terms and
            conditions with respect to refined sugar imports that are
            necessary and appropriate.
                ``(B) Promulgation of regulations.--The Secretary may issue
            regulations under subparagraph (A) if the regulations--
                    ``(i) do not have an adverse impact on the domestic
                sugar industry; and
                    ``(ii) are consistent with the requirements of this
                part, section 156 of the Federal Agriculture Improvement
                and Reform Act of 1996 (7 U.S.C. 7272), and obligations
                under international trade agreements that have been
                approved by Congress.''.
        (e) Clarification of Tariff-rate Quota Adjustments.--Section
    359k(b)(1) of the Agricultural Adjustment Act of 1938 (7 U.S.C.
    1359kk(b)(1)) is amended, in the matter preceding subparagraph (A), by
    striking ``if there is an'' and inserting ``for the sole purpose of
    responding directly to an''.
        (f) Period of Effectiveness.--Section 359l(a) of the Agricultural
    Adjustment Act of 1938 (7 U.S.C. 1359ll(a)) is amended by striking
    ``2023'' and inserting ``2031''.
    SEC. 10313. DAIRY POLICY UPDATES.
        (a) Dairy Margin Coverage Production History.--
            (1) Definition.--Section 1401(8) of the Agricultural Act of
        2014 (7 U.S.C. 9051(8)) is amended by striking ``when the
        participating dairy operation first registers to participate in
        dairy margin coverage''.
            (2) Production history of participating dairy operations.--
        Section 1405 of the Agricultural Act of 2014 (7 U.S.C. 9055) is
        amended by striking subsections (a) and (b) and inserting the
        following:
        ``(a) Production History.--Except as provided in subsection (b),
    the production history of a dairy operation for dairy margin coverage
    is equal to the highest annual milk marketings of the participating
    dairy operation during any 1 of the 2021, 2022, or 2023 calendar years.
        ``(b) Election by New Dairy Operations.--In the case of a
    participating dairy operation that has been in operation for less than
    a year, the participating dairy operation shall elect 1 of the
    following methods for the Secretary to determine the production history
    of the participating dairy operation:
            ``(1) The volume of the actual milk marketings for the months
        the participating dairy operation has been in operation
        extrapolated to a yearly amount.
            ``(2) An estimate of the actual milk marketings of the
        participating dairy operation based on the herd size of the
        participating dairy operation relative to the national rolling herd
        average data published by the Secretary.''.
        (b) Dairy Margin Coverage Payments.--Section 1406(a)(1)(C) of the
    Agricultural Act of 2014 (7 U.S.C. 9056(a)(1)(C)) is amended by
    striking ``5,000,000'' each place it appears and inserting
    ``6,000,000''.
        (c) Premiums for Dairy Margins.--
            (1) Tier i.--Section 1407(b) of the Agricultural Act of 2014 (7
        U.S.C. 9057(b)) is amended--
                (A) in the subsection heading, by striking ``5,000,000''
            and inserting ``6,000,000''; and
                (B) in paragraph (1), by striking ``5,000,000'' and
            inserting ``6,000,000''.
            (2) Tier ii.--Section 1407(c) of the Agricultural Act of 2014
        (7 U.S.C. 9057(c)) is amended--
                (A) in the subsection heading, by striking ``5,000,000''
            and inserting ``6,000,000''; and
                (B) in paragraph (1), by striking ``5,000,000'' and
            inserting ``6,000,000''.
            (3) Premium discounts.--Section 1407(g) of the Agricultural Act
        of 2014 (7 U.S.C. 9057(g)) is amended--
                (A) in paragraph (1)--
                    (i) by striking ``2019 through 2023'' and inserting
                ``2026 through 2031''; and
                    (ii) by striking ``January 2019'' and inserting
                ``January 2026''; and
                (B) in paragraph (2), by striking ``2023'' each place it
            appears and inserting ``2031''.
        (d) Duration.--Section 1409 of the Agricultural Act of 2014 (7
    U.S.C. 9059) is amended by striking ``2025'' and inserting ``2031''.
    SEC. 10314. IMPLEMENTATION.
        Section 1614(c) of the Agricultural Act of 2014 (7 U.S.C. 9097(c))
    is amended by adding at the end the following:
            ``(5) Further funding.--The Secretary shall make available to
        carry out subtitle C of title I of the Act entitled `An Act to
        provide for reconciliation pursuant to title II of H. Con. Res. 14'
        (119th Congress) and the amendments made by that subtitle
        $50,000,000, to remain available until expended, of which--
                ``(A) not less than $5,000,000 shall be used to carry out
            paragraphs (3) and (4) of subsection (b);
                ``(B) $3,000,000 shall be used for activities described in
            paragraph (3)(A);
                ``(C) $3,000,000 shall be used for activities described in
            paragraph (3)(B);
                ``(D) $9,000,000 shall be used--
                    ``(i) to carry out mandatory surveys of dairy
                production cost and product yield information to be
                reported by manufacturers required to report under section
                273 of the Agricultural Marketing Act of 1946 (7 U.S.C.
                1637b), for all products processed in the same facility or
                facilities; and
                    ``(ii) to publish the results of such surveys
                biennially; and
                ``(E) $1,000,000 shall be used to conduct the study under
            subsection (d) of section 359k of the Agricultural Adjustment
            Act of 1938 (7 U.S.C. 1359kk).''.

                    Subtitle D--Disaster Assistance Programs

    SEC. 10401. SUPPLEMENTAL AGRICULTURAL DISASTER ASSISTANCE.
        (a) Livestock Indemnity Payments.--Section 1501(b) of the
    Agricultural Act of 2014 (7 U.S.C. 9081(b)) is amended--
            (1) by striking paragraph (2) and inserting the following:
            ``(2) Payment rates.--
                ``(A) Losses due to predation.--Indemnity payments to an
            eligible producer on a farm under paragraph (1)(A) shall be
            made at a rate of 100 percent of the market value of the
            affected livestock on the applicable date, as determined by the
            Secretary.
                ``(B) Losses due to adverse weather or disease.--Indemnity
            payments to an eligible producer on a farm under subparagraph
            (B) or (C) of paragraph (1) shall be made at a rate of 75
            percent of the market value of the affected livestock on the
            applicable date, as determined by the Secretary.
                ``(C) Determination of market value.--In determining the
            market value described in subparagraphs (A) and (B), the
            Secretary may consider the ability of eligible producers to
            document regional price premiums for affected livestock that
            exceed the national average market price for those livestock.
                ``(D) Applicable date defined.--In this paragraph, the term
            `applicable date' means, with respect to livestock, as
            applicable--
                    ``(i) the day before the date of death of the
                livestock; or
                    ``(ii) the day before the date of the event that caused
                the harm to the livestock that resulted in a reduced sale
                price.''; and
            (2) by adding at the end the following:
            ``(5) Additional payment for unborn livestock.--
                ``(A) In general.--In the case of unborn livestock death
            losses incurred on or after January 1, 2024, the Secretary
            shall make an additional payment to eligible producers on farms
            that have incurred such losses in excess of the normal
            mortality due to a condition specified in paragraph (1).
                ``(B) Payment rate.--Additional payments under subparagraph
            (A) shall be made at a rate--
                    ``(i) determined by the Secretary; and
                    ``(ii) less than or equal to 85 percent of the payment
                rate established with respect to the lowest weight class of
                the livestock, as determined by the Secretary, acting
                through the Administrator of the Farm Service Agency.
                ``(C) Payment amount.--The amount of a payment to an
            eligible producer that has incurred unborn livestock death
            losses shall be equal to the payment rate determined under
            subparagraph (B) multiplied, in the case of livestock described
            in--
                    ``(i) subparagraph (A), (B), or (F) of subsection
                (a)(4), by 1;
                    ``(ii) subparagraph (D) of such subsection, by 2;
                    ``(iii) subparagraph (E) of such subsection, by 12; and
                    ``(iv) subparagraph (G) of such subsection, by the
                average number of birthed animals (for one gestation cycle)
                for the species of each such livestock, as determined by
                the Secretary.
                ``(D) Unborn livestock death losses defined.--In this
            paragraph, the term `unborn livestock death losses' means
            losses of any livestock described in subparagraph (A), (B),
            (D), (E), (F), or (G) of subsection (a)(4) that was gestating
            on the date of the death of the livestock.''.
        (b) Livestock Forage Disaster Program.--Section
    1501(c)(3)(D)(ii)(I) of the Agricultural Act of 2014 (7 U.S.C.
    9081(c)(3)(D)(ii)(I)) is amended--
            (1) by striking ``1 monthly payment'' and inserting ``2 monthly
        payments''; and
            (2) by striking ``county for at least 8 consecutive'' and
        inserting the following: "county for not less than-- ``
                            ``(aa) 4 consecutive weeks during the normal
                        grazing period for the county, as determined by the
                        Secretary, shall be eligible to receive assistance
                        under this paragraph in an amount equal to 1
                        monthly payment using the monthly payment rate
                        determined under subparagraph (B); or
                            ``(bb) 7 of the previous 8 consecutive''.
        (c) Emergency Assistance for Livestock, Honey Bees, and Farm-raised
    Fish.--
            (1) In general.--Section 1501(d) of the Agricultural Act of
        2014 (7 U.S.C. 9081(d)) is amended by adding at the end the
        following:
            ``(5) Assistance for losses due to bird depredation.--
                ``(A) Definition of farm-raised fish.--In this paragraph,
            the term `farm-raised fish' means fish propagated and reared in
            a controlled fresh water environment.
                ``(B) Payments.--Eligible producers of farm-raised fish,
            including fish grown as food for human consumption, shall be
            eligible to receive payments under this subsection to aid in
            the reduction of losses due to piscivorous birds.
                ``(C) Payment rate.--
                    ``(i) In general.--The payment rate for payments under
                subparagraph (B) shall be determined by the Secretary,
                taking into account--

                        ``(I) costs associated with the deterrence of
                    piscivorous birds;
                        ``(II) the value of lost fish and revenue due to
                    bird depredation; and
                        ``(III) costs associated with disease loss from
                    bird depredation.

                    ``(ii) Minimum rate.--The payment rate for payments
                under subparagraph (B) shall be not less than $600 per acre
                of farm-raised fish.
                ``(D) Payment amount.--The amount of a payment under
            subparagraph (B) shall be the product obtained by multiplying--
                    ``(i) the applicable payment rate under subparagraph
                (C); and
                    ``(ii) 85 percent of the total number of acres of farm-
                raised fish farms that the eligible producer has in
                production for the calendar year.''.
            (2) Emergency assistance for honeybees.--In determining
        honeybee colony losses eligible for assistance under section
        1501(d) of the Agricultural Act of 2014 (7 U.S.C. 9081(d)), the
        Secretary shall utilize a normal mortality rate of 15 percent.
        (d) Tree Assistance Program.--Section 1501(e) of the Agricultural
    Act of 2014 (7 U.S.C. 9081(e)) is amended--
            (1) in paragraph (2)(B), by striking ``15 percent (adjusted for
        normal mortality)'' and inserting ``normal mortality''; and
            (2) in paragraph (3)--
                (A) in subparagraph (A)(i), by striking ``15 percent
            mortality (adjusted for normal mortality)'' and inserting
            ``normal mortality''; and
                (B) in subparagraph (B)--
                    (i) by striking ``50'' and inserting ``65''; and
                    (ii) by striking ``15 percent damage or mortality
                (adjusted for normal tree damage and mortality)'' and
                inserting ``normal tree damage or mortality''.

                           Subtitle E--Crop Insurance

    SEC. 10501. BEGINNING FARMER AND RANCHER BENEFIT.
        (a) Definitions.--
            (1) In general.--Section 502(b)(3) of the Federal Crop
        Insurance Act (7 U.S.C. 1502(b)(3)) is amended by striking ``5''
        and inserting ``10''.
            (2) Conforming amendment.--Section 522(c)(7) of the Federal
        Crop Insurance Act (7 U.S.C. 1522(c)(7)) is amended by striking
        subparagraph (F).
        (b) Increase in Assistance.--Section 508(e) of the Federal Crop
    Insurance Act (7 U.S.C. 1508(e)) is amended by adding at the end the
    following:
            ``(9) Additional support.--
                ``(A) In general.--In addition to any other provision of
            this subsection (except paragraph (2)(A)) regarding payment of
            a portion of premiums, a beginning farmer or rancher shall
            receive additional premium assistance that is the number of
            percentage points specified in subparagraph (B) greater than
            the premium assistance that would otherwise be available for
            the applicable policy, plan of insurance, and coverage level
            selected by the beginning farmer or rancher.
                ``(B) Percentage points adjustments.--The percentage points
            referred to in subparagraph (A) are the following:
                    ``(i) For each of the first and second reinsurance
                years that a beginning farmer or rancher participates as a
                beginning farmer or rancher in the applicable policy or
                plan of insurance, 5 percentage points.
                    ``(ii) For the third reinsurance year that a beginning
                farmer or rancher participates as a beginning farmer or
                rancher in the applicable policy or plan of insurance, 3
                percentage points.
                    ``(iii) For the fourth reinsurance year that a
                beginning farmer or rancher participates as a beginning
                farmer or rancher in the applicable policy or plan of
                insurance, 1 percentage point.''.
    SEC. 10502. AREA-BASED CROP INSURANCE COVERAGE AND AFFORDABILITY.
        (a) Coverage Level.--Section 508(c)(4) of the Federal Crop
    Insurance Act (7 U.S.C. 1508(c)(4)) is amended--
            (1) in subparagraph (A), by striking clause (ii) and inserting
        the following:
                    ``(ii) may be purchased at any level not to exceed--

                        ``(I) in the case of the individual yield or
                    revenue coverage, 85 percent;
                        ``(II) in the case of individual yield or revenue
                    coverage aggregated across multiple commodities, 90
                    percent; and
                        ``(III) in the case of area yield or revenue
                    coverage (as determined by the Corporation), 95
                    percent.''; and

            (2) in subparagraph (C)--
                (A) in clause (ii), by striking ``14'' and inserting
            ``10''; and
                (B) in clause (iii)(I), by striking ``86'' and inserting
            ``90''.
        (b) Premium Subsidy.--Section 508(e)(2)(H)(i) of the Federal Crop
    Insurance Act (7 U.S.C. 1508(e)(2)(H)(i)) is amended by striking ``65''
    and inserting ``80''.
    SEC. 10503. ADMINISTRATIVE AND OPERATING EXPENSE ADJUSTMENTS.
        Section 508(k) of the Federal Crop Insurance Act (7 U.S.C. 1508(k))
    is amended by adding at the end the following:
            ``(10) Additional expenses.--
                ``(A) In general.--Beginning with the 2026 reinsurance
            year, and for each reinsurance year thereafter, in addition to
            the terms and conditions of the Standard Reinsurance Agreement,
            to cover additional expenses for loss adjustment procedures,
            the Corporation shall pay an additional administrative and
            operating expense subsidy to approved insurance providers for
            eligible contracts.
                ``(B) Payment amount.--In the case of an eligible contract,
            the payment to an approved insurance provider required under
            subparagraph (A) shall be the amount equal to 6 percent of the
            net book premium.
                ``(C) Definitions.--In this paragraph:
                    ``(i) Eligible contract.--The term `eligible
                contract'--

                        ``(I) means a crop insurance contract entered into
                    by an approved insurance provider in an eligible State;
                    and
                        ``(II) does not include a contract for--

                            ``(aa) catastrophic risk protection under
                        subsection (b);
                            ``(bb) an area-based plan of insurance or
                        similar plan of insurance, as determined by the
                        Corporation; or
                            ``(cc) a policy under which an approved
                        insurance provider does not incur loss adjustment
                        expenses, as determined by the Corporation.
                    ``(ii) Eligible state.--The term `eligible State' means
                a State in which, with respect to an insurance year, the
                loss ratio for eligible contracts is greater than 120
                percent of the total net book premium written by all
                approved insurance providers.
            ``(11) Specialty crops.--
                ``(A) Minimum reimbursement.--Beginning with the 2026
            reinsurance year, and for each reinsurance year thereafter, the
            rate of reimbursement to approved insurance providers and
            agents for administrative and operating expenses with respect
            to crop insurance contracts covering agricultural commodities
            described in section 101 of the Specialty Crops Competitiveness
            Act of 2004 (7 U.S.C. 1621 note; Public Law 108-465) shall be
            equal to or greater than the percentage that is the greater of
            the following:
                    ``(i) 17 percent of the premium used to define loss
                ratio.
                    ``(ii) The percent of the premium used to define loss
                ratio that is otherwise applicable for the reinsurance year
                under the terms of the Standard Reinsurance Agreement in
                effect for the reinsurance year.
                ``(B) Other contracts.--In carrying out subparagraph (A),
            the Corporation shall not reduce, with respect to any
            reinsurance year, the amount or the rate of reimbursement to
            approved insurance providers and agents under the Standard
            Reinsurance Agreement described in clause (ii) of such
            subparagraph for administrative and operating expenses with
            respect to contracts covering agricultural commodities that are
            not subject to such subparagraph.
                ``(C) Administration.--The requirements of this paragraph
            and the adjustments made pursuant to this paragraph shall not
            be considered a renegotiation under paragraph (8)(A).
            ``(12) A&O inflation adjustment.--
                ``(A) In general.--Subject to subparagraph (B), beginning
            with the 2026 reinsurance year, and for each reinsurance year
            thereafter, the Corporation shall increase the total
            administrative and operating expense reimbursements otherwise
            required under the Standard Reinsurance Agreement in effect for
            the reinsurance year in order to account for inflation, in a
            manner consistent with the increases provided with respect to
            the 2011 through 2015 reinsurance years under the enclosure
            included in Risk Management Agency Bulletin numbered MGR-10-007
            and dated June 30, 2010.
                ``(B) Special rule for 2026 reinsurance year.--The increase
            under subparagraph (A) for the 2026 reinsurance year shall not
            exceed the percentage change for the preceding reinsurance year
            included in the Consumer Price Index for All Urban Consumers
            published by the Bureau of Labor Statistics of the Department
            of Labor.
                ``(C) Administration.--An increase under subparagraph (A)--
                    ``(i) shall apply with respect to all contracts
                covering agricultural commodities that were subject to an
                increase during the period of the 2011 through 2015
                reinsurance years under the enclosure referred to in that
                subparagraph; and
                    ``(ii) shall not be considered a renegotiation under
                paragraph (8)(A).''.
    SEC. 10504. PREMIUM SUPPORT.
        Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C.
    1508(e)(2)) is amended--
            (1) in subparagraph (C)(i), by striking ``64'' and inserting
        ``69'';
            (2) in subparagraph (D)(i), by striking ``59'' and inserting
        ``64'';
            (3) in subparagraph (E)(i), by striking ``55'' and inserting
        ``60'';
            (4) in subparagraph (F)(i), by striking ``48'' and inserting
        ``51''; and
            (5) in subparagraph (G)(i), by striking ``38'' and inserting
        ``41''.
    SEC. 10505. PROGRAM COMPLIANCE AND INTEGRITY.
        Section 515(l)(2) of the Federal Crop Insurance Act (7 U.S.C.
    1515(l)(2)) is amended by striking ``than'' and all that follows
    through the period at the end and inserting the following: ``than--
                ``(A) $4,000,000 for each of fiscal years 2009 through
            2025; and
                ``(B) $6,000,000 for fiscal year 2026 and each subsequent
            fiscal year.''.
    SEC. 10506. REVIEWS, COMPLIANCE, AND INTEGRITY.
        Section 516(b)(2)(C)(i) of the Federal Crop Insurance Act (7 U.S.C.
    1516(b)(2)(C)(i)) is amended, in the matter preceding subclause (I), by
    striking ``for each fiscal year'' and inserting ``for each of fiscal
    years 2014 through 2025 and $10,000,000 for fiscal year 2026 and each
    fiscal year thereafter''.
    SEC. 10507. POULTRY INSURANCE PILOT PROGRAM.
        Section 523 of the Federal Crop Insurance Act (7 U.S.C. 1523) is
    amended by adding at the end the following:
        ``(j) Poultry Insurance Pilot Program.--
            ``(1) In general.--Notwithstanding subsection (a)(2), the
        Corporation shall establish a pilot program under which contract
        poultry growers, including growers of broilers and laying hens, may
        elect to receive index-based insurance from extreme weather-related
        risk resulting in increased utility costs (including costs of
        natural gas, propane, electricity, water, and other appropriate
        costs, as determined by the Corporation) associated with poultry
        production.
            ``(2) Stakeholder engagement.--The Corporation shall engage
        with poultry industry stakeholders in establishing the pilot
        program under paragraph (1).
            ``(3) Location.--The pilot program established under paragraph
        (1) shall be conducted in a sufficient number of counties to
        provide a comprehensive evaluation of the feasibility,
        effectiveness, and demand among producers in the top poultry
        producing States, as determined by the Corporation.
            ``(4) Approval of policy or plan.--Notwithstanding section
        508(l), the Board shall approve a policy or plan of insurance based
        on the pilot program under paragraph (1)--
                ``(A) in accordance with section 508(h); and
                ``(B) not later than 2 years after the date of enactment of
            this subsection.''.

              Subtitle F--Additional Investments in Rural America

    SEC. 10601. CONSERVATION.
        (a) In General.--Section 1241(a) of the Food Security Act of 1985
    (16 U.S.C. 3841(a)) is amended--
            (1) in paragraph (2), by striking subparagraphs (A) through (F)
        and inserting the following:
                ``(A) $625,000,000 for fiscal year 2026;
                ``(B) $650,000,000 for fiscal year 2027;
                ``(C) $675,000,000 for fiscal year 2028;
                ``(D) $700,000,000 for fiscal year 2029;
                ``(E) $700,000,000 for fiscal year 2030; and
                ``(F) $700,000,000 for fiscal year 2031.''; and
            (2) in paragraph (3)--
                (A) in subparagraph (A), by striking clauses (i) through
            (v) and inserting the following:
                    ``(i) $2,655,000,000 for fiscal year 2026;
                    ``(ii) $2,855,000,000 for fiscal year 2027;
                    ``(iii) $3,255,000,000 for fiscal year 2028;
                    ``(iv) $3,255,000,000 for fiscal year 2029;
                    ``(v) $3,255,000,000 for fiscal year 2030; and
                    ``(vi) $3,255,000,000 for fiscal year 2031; and''; and
                (B) in subparagraph (B), by striking clauses (i) through
            (v) and inserting the following:
                    ``(i) $1,300,000,000 for fiscal year 2026;
                    ``(ii) $1,325,000,000 for fiscal year 2027;
                    ``(iii) $1,350,000,000 for fiscal year 2028;
                    ``(iv) $1,375,000,000 for fiscal year 2029;
                    ``(v) $1,375,000,000 for fiscal year 2030; and
                    ``(vi) $1,375,000,000 for fiscal year 2031.''.
        (b) Regional Conservation Partnership Program.--Section 1271D of
    the Food Security Act of 1985 (16 U.S.C. 3871d) is amended by striking
    subsection (a) and inserting the following:
        ``(a) Availability of Funding.--Of the funds of the Commodity
    Credit Corporation, the Secretary shall use to carry out the program,
    to the maximum extent practicable--
            ``(1) $425,000,000 for fiscal year 2026;
            ``(2) $450,000,000 for fiscal year 2027;
            ``(3) $450,000,000 for fiscal year 2028;
            ``(4) $450,000,000 for fiscal year 2029;
            ``(5) $450,000,000 for fiscal year 2030; and
            ``(6) $450,000,000 for fiscal year 2031.''.
        (c) Grassroots Source Water Protection Program.--Section 1240O(b)
    of the Food Security Act of 1985 (16 U.S.C. 3839bb-2(b)) is amended--
            (1) in paragraph (1), by striking ``2023'' and inserting
        ``2031''; and
            (2) in paragraph (3)--
                (A) in subparagraph (A), by striking ``and'' at the end;
                (B) in subparagraph (B), by striking the period at the end
            and inserting ``; and''; and
                (C) by adding at the end the following:
                ``(C) $1,000,000 beginning in fiscal year 2026, to remain
            available until expended.''.
        (d) Voluntary Public Access and Habitat Incentive Program.--Section
    1240R(f)(1) of the Food Security Act of 1985 (16 U.S.C. 3839bb-5(f)(1))
    is amended--
            (1) by striking ``2023, and'' and inserting ``2023,''; and
            (2) by inserting ``, and $70,000,000 for the period of fiscal
        years 2025 through 2031'' before the period at the end.
        (e) Watershed Protection and Flood Prevention.--Section 15 of the
    Watershed Protection and Flood Prevention Act (16 U.S.C. 1012a) is
    amended by striking ``$50,000,000 for fiscal year 2019 and each fiscal
    year thereafter'' and inserting ``$150,000,000 for fiscal year 2026 and
    each fiscal year thereafter, to remain available until expended''.
        (f) Feral Swine Eradication and Control Pilot Program.--Section
    2408(g)(1) of the Agriculture Improvement Act of 2018 (7 U.S.C. 8351
    note; Public Law 115-334) is amended--
            (1) by striking ``2023 and'' and inserting ``2023,''; and
            (2) by inserting ``, and $105,000,000 for the period of fiscal
        years 2025 through 2031'' before the period at the end.
        (g) Rescission.--The unobligated balances of amounts appropriated
    by section 21001(a) of Public Law 117-169 (136 Stat. 2015) are
    rescinded.
    SEC. 10602. SUPPLEMENTAL AGRICULTURAL TRADE PROMOTION PROGRAM.
        (a) In General.--The Secretary of Agriculture shall carry out a
    program to encourage the accessibility, development, maintenance, and
    expansion of commercial export markets for United States agricultural
    commodities.
        (b) Funding.--Of the funds of the Commodity Credit Corporation, the
    Secretary of Agriculture shall make available to carry out this section
    $285,000,000 for fiscal year 2027 and each fiscal year thereafter.
    SEC. 10603. NUTRITION.
        Section 203D(d)(5) of the Emergency Food Assistance Act of 1983 (7
    U.S.C. 7507(d)(5)) is amended by striking ``2024'' and inserting
    ``2031''.
    SEC. 10604. RESEARCH.
        (a) Urban, Indoor, and Other Emerging Agricultural Production
    Research, Education, and Extension Initiative.--Section 1672E(d)(1)(B)
    of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C.
    5925g(d)(1)(B)) is amended by striking ``fiscal year 2024, to remain
    available until expended'' and inserting ``each of fiscal years 2024
    through 2031''.
        (b) Foundation for Food and Agriculture Research.--Section
    7601(g)(1)(A) of the Agricultural Act of 2014 (7 U.S.C. 5939(g)(1)(A))
    is amended by adding at the end the following:
                    ``(iv) Further funding.--Not later than 30 days after
                the date of enactment of this clause, of the funds of the
                Commodity Credit Corporation, the Secretary shall transfer
                to the Foundation to carry out this section $37,000,000, to
                remain available until expended.''.
        (c) Scholarships for Students at 1890 Institutions.--Section
    1446(b)(1) of the National Agricultural Research, Extension, and
    Teaching Policy Act of 1977 (7 U.S.C. 3222a(b)(1)) is amended by adding
    at the end the following:
                ``(C) Further funding.--Of the funds of the Commodity
            Credit Corporation, the Secretary shall make available to carry
            out this section $60,000,000 for fiscal year 2026, to remain
            available until expended.''.
        (d) Assistive Technology Program for Farmers With Disabilities.--
    Section 1680 of the Food, Agriculture, Conservation, and Trade Act of
    1990 (7 U.S.C. 5933) is amended--
            (1) in subsection (c)(2), by inserting ``and subsection (d)''
        after ``paragraph (1)''; and
            (2) by adding at the end the following:
        ``(d) Mandatory Funding.--Subject to subsection (c)(2), of the
    funds of the Commodity Credit Corporation, the Secretary shall use to
    carry out this section $8,000,000 for fiscal year 2026, to remain
    available until expended.''.
        (e) Specialty Crop Research Initiative.--Section 412(k)(1)(B) of
    the Agricultural Research, Extension, and Education Reform Act of 1998
    (7 U.S.C. 7632(k)(1)(B)) is amended by striking ``section $80,000,000
    for fiscal year 2014'' and inserting the following: ``section--
                    ``(i) $80,000,000 for each of fiscal years 2014 through
                2025; and
                    ``(ii) $175,000,000 for fiscal year 2026''.
        (f) Research Facilities Act.--Section 6 of the Research Facilities
    Act (7 U.S.C. 390d) is amended--
            (1) in subsection (c), by striking ``subsection (a)'' and
        inserting ``subsections (a) and (e)''; and
            (2) by adding at the end the following:
        ``(e) Mandatory Funding.--Subject to subsections (b), (c), and (d),
    of the funds of the Commodity Credit Corporation, the Secretary shall
    make available to carry out the competitive grant program under section
    4 $125,000,000 for fiscal year 2026 and each fiscal year thereafter.''.
    SEC. 10605. ENERGY.
        Section 9005(g)(1)(F) of the Farm Security and Rural Investment Act
    of 2002 (7 U.S.C. 8105(g)(1)(F)) is amended by striking ``2024'' and
    inserting ``2031''.
    SEC. 10606. HORTICULTURE.
        (a) Plant Pest and Disease Management and Disaster Prevention.--
    Section 420(f) of the Plant Protection Act (7 U.S.C. 7721(f)) is
    amended--
            (1) in paragraph (5), by striking ``and'' at the end;
            (2) by redesignating paragraph (6) as paragraph (7);
            (3) by inserting after paragraph (5) the following:
            ``(6) $75,000,000 for each of fiscal years 2018 through 2025;
        and''; and
            (4) in paragraph (7) (as so redesignated), by striking
        ``$75,000,000 for fiscal year 2018'' and inserting ``$90,000,000
        for fiscal year 2026''.
        (b) Specialty Crop Block Grants.--Section 101(l)(1) of the
    Specialty Crops Competitiveness Act of 2004 (7 U.S.C. 1621 note; Public
    Law 108-465) is amended--
            (1) in subparagraph (D), by striking ``and'' at the end;
            (2) by redesignating subparagraph (E) as subparagraph (F);
            (3) by inserting after subparagraph (D) the following:
                ``(E) $85,000,000 for each of fiscal years 2018 through
            2025; and''; and
            (4) in subparagraph (F) (as so redesignated), by striking
        ``$85,000,000 for fiscal year 2018'' and inserting ``$100,000,000
        for fiscal year 2026''.
        (c) Organic Production and Market Data Initiative.--Section
    7407(d)(1) of the Farm Security and Rural Investment Act of 2002 (7
    U.S.C. 5925c(d)(1)) is amended--
            (1) in subparagraph (B), by striking ``and'' at the end;
            (2) in subparagraph (C), by striking the period at the end and
        inserting ``; and''; and
            (3) by adding at the end the following:
                ``(D) $10,000,000 for the period of fiscal years 2026
            through 2031.''.
        (d) Modernization and Improvement of International Trade Technology
    Systems and Data Collection.--Section 2123(c)(4) of the Organic Foods
    Production Act of 1990 (7 U.S.C. 6522(c)(4)) is amended, in the matter
    preceding subparagraph (A), by striking ``and $1,000,000 for fiscal
    year 2024'' and inserting ``, $1,000,000 for fiscal years 2024 and
    2025, and $5,000,000 for fiscal year 2026''.
        (e) National Organic Certification Cost-share Program.--Section
    10606(d)(1)(C) of the Farm Security and Rural Investment Act of 2002 (7
    U.S.C. 6523(d)(1)(C)) is amended by striking ``2024'' and inserting
    ``2031''.
        (f) Multiple Crop and Pesticide Use Survey.--Section 10109(c) of
    the Agriculture Improvement Act of 2018 (Public Law 115-334; 132 Stat.
    4907) is amended by adding at the end the following:
            ``(3) Further mandatory funding.--Of the funds of the Commodity
        Credit Corporation, the Secretary shall use to carry out this
        section $5,000,000 for fiscal year 2026, to remain available until
        expended.''.
    SEC. 10607. MISCELLANEOUS.
        (a) Animal Disease Prevention and Management.--Section 10409A(d)(1)
    of the Animal Health Protection Act (7 U.S.C. 8308a(d)(1)) is amended--
            (1) in subparagraph (B)--
                (A) in the heading, by striking ``Subsequent fiscal years''
            and inserting ``Fiscal years 2023 through 2025''; and
                (B) by striking ``fiscal year 2023 and each fiscal year
            thereafter'' and inserting ``each of fiscal years 2023 through
            2025''; and
            (2) by adding at the end the following:
                ``(C) Fiscal years 2026 through 2030.--Of the funds of the
            Commodity Credit Corporation, the Secretary shall make
            available to carry out this section $233,000,000 for each of
            fiscal years 2026 through 2030, of which--
                    ``(i) not less than $10,000,000 shall be made available
                for each such fiscal year to carry out subsection (a);
                    ``(ii) not less than $70,000,000 shall be made
                available for each such fiscal year to carry out subsection
                (b); and
                    ``(iii) not less than $153,000,000 shall be made
                available for each such fiscal year to carry out subsection
                (c).
                ``(D) Subsequent fiscal years.--Of the funds of the
            Commodity Credit Corporation, the Secretary shall make
            available to carry out this section $75,000,000 for fiscal year
            2031 and each fiscal year thereafter, of which not less than
            $45,000,000 shall be made available for each of those fiscal
            years to carry out subsection (b).''.
        (b) Sheep Production and Marketing Grant Program.--Section 209(c)
    of the Agricultural Marketing Act of 1946 (7 U.S.C. 1627a(c)) is
    amended--
            (1) by striking ``2019, and'' and inserting ``2019,''; and
            (2) by inserting ``and $3,000,000 for fiscal year 2026,'' after
        ``fiscal year 2024,''
        (c) Pima Agriculture Cotton Trust Fund.--Section 12314 of the
    Agricultural Act of 2014 (7 U.S.C. 2101 note; Public Law 113-79) is
    amended--
            (1) in subsection (b), in the matter preceding paragraph (1),
        by striking ``2024'' and inserting ``2031''; and
            (2) in subsection (h), by striking ``2024''and inserting
        ``2031''.
        (d) Agriculture Wool Apparel Manufacturers Trust Fund.--Section
    12315 of the Agricultural Act of 2014 (7 U.S.C. 7101 note; Public Law
    113-79) is amended by striking ``2024'' each place it appears and
    inserting ``2031''.
        (e) Wool Research and Promotion.--Section 12316(a) of the
    Agricultural Act of 2014 (7 U.S.C. 7101 note; Public Law 113-79) is
    amended by striking ``2024'' and inserting ``2031''.
        (f) Emergency Citrus Disease Research and Development Trust Fund.--
    Section 12605(d) of the Agriculture Improvement Act of 2018 (7 U.S.C.
    7632 note; Public Law 115-334) is amended by striking ``2024'' and
    inserting ``2031''.

                     TITLE II--COMMITTEE ON ARMED SERVICES

    SEC. 20001. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR
    IMPROVING THE QUALITY OF LIFE FOR MILITARY PERSONNEL.
        (a) Appropriations.--In addition to amounts otherwise available,
    there are appropriated to the Secretary of Defense for fiscal year
    2025, out of any money in the Treasury not otherwise appropriated, to
    remain available until September 30, 2029--
            (1) $230,480,000 for restoration and modernization costs under
        the Marine Corps Barracks 2030 initiative;
            (2) $119,000,000 for base operating support costs under the
        Marine Corps;
            (3) $1,000,000,000 for Army, Navy, Air Force, and Space Force
        sustainment, restoration, and modernization of military
        unaccompanied housing;
            (4) $2,000,000,000 for the Defense Health Program;
            (5) $2,900,000,000 to supplement the basic allowance for
        housing payable to members of the Army, Air Force, Navy, Marine
        Corps, and Space Force , notwithstanding section 403 of title 37,
        United States Code;
            (6) $50,000,000 for bonuses, special pays, and incentive pays
        for members of the Army, Air Force, Navy, Marine Corps, and Space
        Force pursuant to titles 10 and 37, United States Code;
            (7) $10,000,000 for the Defense Activity for Non-Traditional
        Education Support's Online Academic Skills Course program for
        members of the Army, Air Force, Navy, Marine Corps, and Space
        Force;
            (8) $100,000,000 for tuition assistance for members of the
        Army, Air Force, Navy, Marine Corps, and Space Force pursuant to
        title 10, United States Code;
            (9) $100,000,000 for child care fee assistance for members of
        the Army, Air Force, Navy, Marine Corps, and Space Force under part
        II of chapter 88 of title 10, United States Code;
            (10) $590,000,000 to increase the Temporary Lodging Expense
        Allowance under chapter 8 of title 37, United States Code, to 21
        days;
            (11) $100,000,000 for Department of Defense Impact Aid payments
        to local educational agencies under section 2008 of title 10,
        United States Code;
            (12) $10,000,000 for military spouse professional licensure
        under section 1784 of title 10, United States Code;
            (13) $6,000,000 for Armed Forces Retirement Home facilities;
            (14) $100,000,000 for the Defense Community Infrastructure
        Program;
            (15) $100,000,000 for Defense Advanced Research Projects Agency
        (DARPA) casualty care research; and
            (16) $62,000,000 for modernization of Department of Defense
        childcare center staffing.
        (b) Temporary Increase in Percentage of Value of Authorized
    Investment in Certain Privatized Military Housing Projects.--
            (1) In general.--During the period beginning on the date of the
        enactment of this section and ending on September 30, 2029, the
        Secretary concerned shall apply--
                (A) paragraph (1) of subsection (c) of section 2875 of
            title 10, United States Code, by substituting ``60 percent''
            for ``33 \1/3\ percent''; and
                (B) paragraph (2) of such subsection by substituting ``60
            percent'' for ``45 percent''.
            (2) Secretary concerned defined.--In this subsection, the term
        ``Secretary concerned'' has the meaning given such term in section
        101 of title 10, United States Code.
        (c) Temporary Authority for Acquisition or Construction of
    Privatized Military Unaccompanied Housing.--Section 2881a of title 10,
    United States Code, is amended--
            (1) by striking the heading and inserting ``Temporary authority
        for acquisition or construction of privatized military
        unaccompanied housing'';
            (2) by striking ``Secretary of the Navy'' each place it appears
        and inserting ``Secretary concerned'';
            (3) by striking ``under the pilot projects'' each place it
        appears and inserting ``pursuant to this section'';
            (4) in subsection (a)--
                (A) by striking the heading and inserting ``In General'';
            and
                (B) by striking ``carry out not more than three pilot
            projects under the authority of this section or another
            provision of this subchapter to use the private sector'' and
            inserting ``use the authority under this subchapter to enter
            into contracts with appropriate private sector entities'';
            (5) in subsection (c), by striking ``privatized housing'' and
        inserting ``privatized housing units'';
            (6) by redesignating subsection (f) as subsection (e); and
            (7) in subsection (e) (as so redesignated)--
                (A) by striking ``under the pilot programs'' and inserting
            ``under this section''; and
                (B) by striking ``September 30, 2009'' and inserting
            ``September 30, 2029''.
    SEC. 20002. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR
    SHIPBUILDING.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Defense for fiscal year 2025, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $250,000,000 for the expansion of accelerated Training in
        Defense Manufacturing program;
            (2) $250,000,000 for United States production of turbine
        generators for shipbuilding industrial base;
            (3) $450,000,000 for United States additive manufacturing for
        wire production and machining capacity for shipbuilding industrial
        base;
            (4) $492,000,000 for next-generation shipbuilding techniques;
            (5) $85,000,000 for United States-made steel plate for
        shipbuilding industrial base;
            (6) $50,000,000 for machining capacity for naval propellers for
        shipbuilding industrial base;
            (7) $110,000,000 for rolled steel and fabrication facility for
        shipbuilding industrial base;
            (8) $400,000,000 for expansion of collaborative campus for
        naval shipbuilding;
            (9) $450,000,000 for application of autonomy and artificial
        intelligence to naval shipbuilding;
            (10) $500,000,000 for the adoption of advanced manufacturing
        techniques in the shipbuilding industrial base;
            (11) $500,000,000 for additional dry-dock capability;
            (12) $50,000,000 for the expansion of cold spray repair
        technologies;
            (13) $450,000,000 for additional maritime industrial workforce
        development programs;
            (14) $750,000,000 for additional supplier development across
        the naval shipbuilding industrial base;
            (15) $250,000,000 for additional advanced manufacturing
        processes across the naval shipbuilding industrial base;
            (16) $4,600,000,000 for a second Virginia-class submarine in
        fiscal year 2026;
            (17) $5,400,000,000 for two additional Guided Missile Destroyer
        (DDG) ships;
            (18) $160,000,000 for advanced procurement for Landing Ship
        Medium;
            (19) $1,803,941,000 for procurement of Landing Ship Medium;
            (20) $295,000,000 for development of a second Landing Craft
        Utility shipyard and production of additional Landing Craft
        Utility;
            (21) $100,000,000 for advanced procurement for light
        replenishment oiler program;
            (22) $600,000,000 for the lease or purchase of new ships
        through the National Defense Sealift Fund;
            (23) $2,725,000,000 for the procurement of T-AO oilers;
            (24) $500,000,000 for cost-to-complete for rescue and salvage
        ships;
            (25) $300,000,000 for production of ship-to-shore connectors;
            (26) $1,470,000,000 for the implementation of a multi-ship
        amphibious warship contract;
            (27) $80,000,000 for accelerated development of vertical launch
        system reloading at sea;
            (28) $250,000,000 for expansion of Navy corrosion control
        programs;
            (29) $159,000,000 for leasing of ships for Marine Corps
        operations;
            (30) $1,534,000,000 for expansion of small unmanned surface
        vessel production;
            (31) $2,100,000,000 for development, procurement, and
        integration of purpose-built medium unmanned surface vessels;
            (32) $1,300,000,000 for expansion of unmanned underwater
        vehicle production;
            (33) $188,360,000 for the development and testing of maritime
        robotic autonomous systems and enabling technologies;
            (34) $174,000,000 for the development of a Test Resource
        Management Center robotic autonomous systems proving ground;
            (35) $250,000,000 for the development, production, and
        integration of wave-powered unmanned underwater vehicles; and
            (36) $150,000,000 for retention of inactive reserve fleet
        ships.
    SEC. 20003. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR
    INTEGRATED AIR AND MISSILE DEFENSE.
        (a) Next Generation Missile Defense Technologies.--In addition to
    amounts otherwise available, there are appropriated to the Secretary of
    Defense for fiscal year 2025, out of any money in the Treasury not
    otherwise appropriated, to remain available until September 30, 2029--
            (1) $250,000,000 for development and testing of directed energy
        capabilities by the Under Secretary for Research and Engineering;
            (2) $500,000,000 for national security space launch
        infrastructure;
            (3) $2,000,000,000 for air moving target indicator military
        satellites;
            (4) $400,000,000 for expansion of Multi-Service Advanced
        Capability Hypersonic Test Bed program;
            (5) $5,600,000,000 for development of space-based and boost
        phase intercept capabilities;
            (6) $7,200,000,000 for the development, procurement, and
        integration of military space-based sensors; and
            (7) $2,550,000,000 for the development, procurement, and
        integration of military missile defense capabilities.
        (b) Layered Homeland Defense.--In addition to amounts otherwise
    available, there are appropriated to the Secretary of Defense for
    fiscal year 2025, out of any money in the Treasury not otherwise
    appropriated, to remain available until September 30, 2029--
            (1) $2,200,000,000 for acceleration of hypersonic defense
        systems;
            (2) $800,000,000 for accelerated development and deployment of
        next-generation intercontinental ballistic missile defense systems;
            (3) $408,000,000 for Army space and strategic missile test
        range infrastructure restoration and modernization in the United
        States Indo-Pacific Command area of operations west of the
        international dateline;
            (4) $1,975,000,000 for improved ground-based missile defense
        radars; and
            (5) $530,000,000 for the design and construction of Missile
        Defense Agency missile instrumentation range safety ship.
    SEC. 20004. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR
    MUNITIONS AND DEFENSE SUPPLY CHAIN RESILIENCY.
        (a) Appropriations.--In addition to amounts otherwise available,
    there are appropriated to the Secretary of Defense for fiscal year
    2025, out of any money in the Treasury not otherwise appropriated, to
    remain available until September 30, 2029--
            (1) $400,000,000 for the development, production, and
        integration of Navy and Air Force long-range anti-ship missiles;
            (2) $380,000,000 for production capacity expansion for Navy and
        Air Force long-range anti-ship missiles;
            (3) $490,000,000 for the development, production, and
        integration of Navy and Air Force long-range air-to-surface
        missiles;
            (4) $94,000,000 for the development, production, and
        integration of alternative Navy and Air Force long-range air-to-
        surface missiles;
            (5) $630,000,000 for the development, production, and
        integration of long-range Navy air defense and anti-ship missiles;
            (6) $688,000,000 for the development, production, and
        integration of long-range multi-service cruise missiles;
            (7) $250,000,000 for production capacity expansion and supplier
        base strengthening of long-range multi-service cruise missiles;
            (8) $70,000,000 for the development, production, and
        integration of short-range Navy and Marine Corps anti-ship
        missiles;
            (9) $100,000,000 for the development of an anti-ship seeker for
        short-range Army ballistic missiles;
            (10) $175,000,000 for production capacity expansion for next-
        generation Army medium-range ballistic missiles;
            (11) $50,000,000 for the mitigation of diminishing
        manufacturing sources for medium-range air-to-air missiles;
            (12) $250,000,000 for the procurement of medium-range air-to-
        air missiles;
            (13) $225,000,000 for the expansion of production capacity for
        medium-range air-to-air missiles;
            (14) $50,000,000 for the development of second sources for
        components of short-range air-to-air missiles;
            (15) $325,000,000 for production capacity improvements for air-
        launched anti-radiation missiles;
            (16) $50,000,000 for the accelerated development of Army next-
        generation medium-range anti-ship ballistic missiles;
            (17) $114,000,000 for the production of Army next-generation
        medium-range ballistic missiles;
            (18) $300,000,000 for the production of Army medium-range
        ballistic missiles;
            (19) $85,000,000 for the accelerated development of Army long-
        range ballistic missiles;
            (20) $400,000,000 for the production of heavyweight torpedoes;
            (21) $200,000,000 for the development, procurement, and
        integration of mass-producible autonomous underwater munitions;
            (22) $70,000,000 for the improvement of heavyweight torpedo
        maintenance activities;
            (23) $200,000,000 for the production of lightweight torpedoes;
            (24) $500,000,000 for the development, procurement, and
        integration of maritime mines;
            (25) $50,000,000 for the development, procurement, and
        integration of new underwater explosives;
            (26) $55,000,000 for the development, procurement, and
        integration of lightweight multi-mission torpedoes;
            (27) $80,000,000 for the production of sonobuoys;
            (28) $150,000,000 for the development, procurement, and
        integration of air-delivered long-range maritime mines;
            (29) $61,000,000 for the acceleration of Navy expeditionary
        loitering munitions deployment;
            (30) $50,000,000 for the acceleration of one-way attack
        unmanned aerial systems with advanced autonomy;
            (31) $1,000,000,000 for the expansion of the one-way attack
        unmanned aerial systems industrial base;
            (32) $200,000,000 for investments in solid rocket motor
        industrial base through the Industrial Base Fund established under
        section 4817 of title 10, United States Code;
            (33) $400,000,000 for investments in the emerging solid rocket
        motor industrial base through the Industrial Base Fund established
        under section 4817 of title 10, United States Code;
            (34) $42,000,000 for investments in second sources for large-
        diameter solid rocket motors for hypersonic missiles;
            (35) $1,000,000,000 for the creation of next-generation
        automated munitions production factories;
            (36) $170,000,000 for the development of advanced radar depot
        for repair, testing, and production of radar and electronic warfare
        systems;
            (37) $25,000,000 for the expansion of the Department of Defense
        industrial base policy analysis workforce;
            (38) $30,300,000 for the repair of Army missiles;
            (39) $100,000,000 for the production of small and medium
        ammunition;
            (40) $2,000,000,000 for additional activities to improve the
        United States stockpile of critical minerals through the National
        Defense Stockpile Transaction Fund, authorized by subchapter III of
        chapter 5 of title 50, United States Code;
            (41) $10,000,000 for the expansion of the Department of Defense
        armaments cooperation workforce;
            (42) $500,000,000 for the expansion of the Defense
        Exportability Features program;
            (43) $350,000,000 for production of Navy long-range air and
        missile defense interceptors;
            (44) $93,000,000 for replacement of Navy long-range air and
        missile defense interceptors;
            (45) $100,000,000 for development of a second solid rocket
        motor source for Navy air defense and anti ship missiles;
            (46) $65,000,000 for expansion of production capacity of
        Missile Defense Agency long-range anti-ballistic missiles;
            (47) $225,000,000 for expansion of production capacity for Navy
        air defense and anti-ship missiles;
            (48) $103,300,000 for expansion of depot level maintenance
        facility for Navy long-range air and missile defense interceptors;
            (49) $18,000,000 for creation of domestic source for guidance
        section of Navy short-range air defense missiles;
            (50) $65,000,000 for integration of Army medium-range air and
        missile defense interceptor with Navy ships;
            (51) $176,100,000 for production of Army long-range movable
        missile defense radar;
            (52) $167,000,000 for accelerated fielding of Army short-range
        gun-based air and missile defense system;
            (53) $40,000,000 for development of low-cost alternatives to
        air and missile defense interceptors;
            (54) $50,000,000 for acceleration of Army next-generation
        shoulder-fired air defense system;
            (55) $91,000,000 for production of Army next-generation
        shoulder-fired air defense system;
            (56) $500,000,000 for development, production, and integration
        of counter-unmanned aerial systems programs;
            (57) $350,000,000 for development, production, and integration
        of non-kinetic counter-unmanned aerial systems programs;
            (58) $250,000,000 for development, production, and integration
        of land-based counter-unmanned aerial systems programs;
            (59) $200,000,000 for development, production, and integration
        of ship-based counter-unmanned aerial systems programs;
            (60) $400,000,000 for acceleration of hypersonic strike
        programs;
            (61) $167,000,000 for procurement of additional launchers for
        Army medium-range air and missile defense interceptors;
            (62) $500,000,000 for expansion of defense advanced
        manufacturing techniques;
            (63) $1,000,000 for establishment of the Joint Energetics
        Transition Office;
            (64) $200,000,000 for acceleration of Army medium-range air and
        missile defense interceptors;
            (65) $150,000,000 for additive manufacturing for propellant;
            (66) $250,000,000 for expansion and acceleration of penetrating
        munitions production; and
            (67) $50,000,000 for development, procurement, and integration
        of precision extended-range artillery.
        (b) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Secretary of Defense for fiscal year 2025,
    out of any money in the Treasury not otherwise appropriated, to remain
    available until September 30, 2029, $3,300,000,000 for grants and
    purchase commitments made pursuant to the Industrial Base Fund
    established under section 4817 of title 10, United States Code.
        (c) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Secretary of Defense for fiscal year 2025,
    out of any money in the Treasury not otherwise appropriated, to remain
    available until September 30, 2029, $5,000,000,000 for investments in
    critical minerals supply chains made pursuant to the Industrial Base
    Fund established under section 4817 of title 10, United States Code.
        (d) Appropriations.--In addition to amounts otherwise available,
    there is appropriated to the Secretary of Defense, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029, $500,000,000 to the ``Department of Defense Credit
    Program Account'' to carry out the capital assistance program,
    including loans, loan guarantees, and technical assistance, established
    under section 149(e) of title 10, United States Code, for critical
    minerals and related industries and projects, including related Covered
    Technology Categories: Provided, That--
            (1) such amounts are available to subsidize gross obligations
        for the principal amount of direct loans, and total loan principal,
        any part of which is to be guaranteed, not to exceed
        $100,000,000,000; and
            (2) such amounts are available to cover all costs and
        expenditures as provided under section 149(e)(5)(B) of title 10,
        United States Code.
    SEC. 20005. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR SCALING
    LOW-COST WEAPONS INTO PRODUCTION.
        (a) Appropriations.--In addition to amounts otherwise available,
    there are appropriated to the Secretary of Defense for fiscal year
    2025, out of any money in the Treasury not otherwise appropriated, to
    remain available until September 30, 2029--
            (1) $25,000,000 for the Office of Strategic Capital Global
        Technology Scout program;
            (2) $1,400,000,000 for the expansion of the small unmanned
        aerial system industrial base;
            (3) $400,000,000 for the development and deployment of the
        Joint Fires Network and associated joint battle management
        capabilities;
            (4) $400,000,000 for the expansion of advanced command-and-
        control tools to combatant commands and military departments;
            (5) $100,000,000 for the development of shared secure
        facilities for the defense industrial base;
            (6) $50,000,000 for the creation of additional Defense
        Innovation Unit OnRamp Hubs;
            (7) $600,000,000 for the acceleration of Strategic Capabilities
        Office programs;
            (8) $650,000,000 for the expansion of Mission Capabilities
        office joint prototyping and experimentation activities for
        military innovation;
            (9) $500,000,000 for the accelerated development and
        integration of advanced 5G/6G technologies for military use;
            (10) $25,000,000 for testing of simultaneous transmit and
        receive technology for military spectrum agility;
            (11) $50,000,000 for the development, procurement, and
        integration of high-altitude stratospheric balloons for military
        use;
            (12) $120,000,000 for the development, procurement, and
        integration of long-endurance unmanned aerial systems for
        surveillance;
            (13) $40,000,000 for the development, procurement, and
        integration of alternative positioning and navigation technology to
        enable military operations in contested electromagnetic
        environments;
            (14) $750,000,000 for the acceleration of innovative military
        logistics and energy capability development and deployment;
            (15) $125,000,000 for the acceleration of development of small,
        portable modular nuclear reactors for military use;
            (16) $1,000,000,000 for the expansion of programs to accelerate
        the procurement and fielding of innovative technologies;
            (17) $90,000,000 for the development of reusable hypersonic
        technology for military strikes;
            (18) $2,000,000,000 for the expansion of Defense Innovation
        Unit scaling of commercial technology for military use;
            (19) $500,000,000 to prevent delays in delivery of attritable
        autonomous military capabilities;
            (20) $1,500,000,000 for the development, procurement, and
        integration of low-cost cruise missiles;
            (21) $124,000,000 for improvements to Test Resource Management
        Center artificial intelligence capabilities;
            (22) $145,000,000 for the development of artificial
        intelligence to enable one-way attack unmanned aerial systems and
        naval systems;
            (23) $250,000,000 for the development of the Test Resource
        Management Center digital test environment;
            (24) $250,000,000 for the advancement of the artificial
        intelligence ecosystem;
            (25) $250,000,000 for the expansion of Cyber Command artificial
        intelligence lines of effort;
            (26) $250,000,000 for the acceleration of the Quantum
        Benchmarking Initiative;
            (27) $1,000,000,000 for the expansion and acceleration of
        qualification activities and technical data management to enhance
        competition in defense industrial base;
            (28) $400,000,000 for the expansion of the defense
        manufacturing technology program;
            (29) $1,685,000,000 for military cryptographic modernization
        activities;
            (30) $90,000,000 for APEX Accelerators, the Mentor-Protege
        Program, and cybersecurity support to small non-traditional
        contractors;
            (31) $250,000,000 for the development, procurement, and
        integration of Air Force low-cost counter-air capabilities;
            (32) $10,000,000 for additional Air Force wargaming activities;
        and
            (33) $20,000,000 for the Office of Strategic Capital workforce.
        (b) Appropriations.--In addition to amounts otherwise available,
    there are appropriated to the Secretary of Defense, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029, $1,000,000,000 to the ``Department of Defense
    Credit Program Account'' to carry out the capital assistance program,
    including loans, loan guarantees, and technical assistance, established
    under section 149(e) of title 10, United States Code: Provided, That--
            (1) such amounts are available to subsidize gross obligations
        for the principal amount of direct loans, and total loan principal,
        any part of which is to be guaranteed, not to exceed
        $100,000,000,000; and
            (2) such amounts are available to cover all costs and
        expenditures as provided under section 149(e)(5)(B) of title 10,
        United States Code.
    SEC. 20006. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR
    IMPROVING THE EFFICIENCY AND CYBERSECURITY OF THE DEPARTMENT OF
    DEFENSE.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Defense for fiscal year 2025, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $150,000,000 for business systems replacement to accelerate
        the audits of the financial statements of the Department of Defense
        pursuant to chapter 9A and section 2222 of title 10, United States
        Code;
            (2) $200,000,000 for the deployment of automation and
        artificial intelligence to accelerate the audits of the financial
        statements of the Department of Defense pursuant to chapter 9A and
        section 2222 of title 10, United States Code;
            (3) $10,000,000 for the improvement of the budgetary and
        programmatic infrastructure of the Office of the Secretary of
        Defense; and
            (4) $20,000,000 for defense cybersecurity programs of the
        Defense Advanced Research Projects Agency.
    SEC. 20007. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR AIR
    SUPERIORITY.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Defense for fiscal year 2025, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $3,150,000,000 to increase F-15EX aircraft production;
            (2) $361,220,000 to prevent the retirement of F-22 aircraft;
            (3) $127,460,000 to prevent the retirement of F-15E aircraft;
            (4) $187,000,000 to accelerate installation of F-16 electronic
        warfare capability;
            (5) $116,000,000 for C-17A Mobility Aircraft Connectivity;
            (6) $84,000,000 for KC-135 Mobility Aircraft Connectivity;
            (7) $440,000,000 to increase C-130J production;
            (8) $474,000,000 to increase EA-37B production;
            (9) $678,000,000 to accelerate the Collaborative Combat
        Aircraft program;
            (10) $400,000,000 to accelerate production of the F-47
        aircraft;
            (11) $750,000,000 accelerate the FA/XX aircraft;
            (12) $100,000,000 for production of Advanced Aerial Sensors;
            (13) $160,000,000 to accelerate V-22 nacelle and reliability
        and safety improvements;
            (14) $100,000,000 to accelerate production of MQ-25 aircraft;
            (15) $270,000,000 for development, procurement, and integration
        of Marine Corps unmanned combat aircraft;
            (16) $96,000,000 for the procurement and integration of
        infrared search and track pods;
            (17) $50,000,000 for the procurement and integration of
        additional F-15EX conformal fuel tanks;
            (18) $600,000,000 for the development, procurement, and
        integration of Air Force long-range strike aircraft; and
            (19) $500,000,000 for the development, procurement, and
        integration of Navy long-range strike aircraft.
    SEC. 20008. ENHANCEMENT OF RESOURCES FOR NUCLEAR FORCES.
        (a) DOD Appropriations.--In addition to amounts otherwise
    available, there are appropriated to the Secretary of Defense for
    fiscal year 2025, out of any money in the Treasury not otherwise
    appropriated, to remain available until September 30, 2029--
            (1) $2,500,000,000 for risk reduction activities for the
        Sentinel intercontinental ballistic missile program;
            (2) $4,500,000,000 only for expansion of production capacity of
        B-21 long-range bomber aircraft and the purchase of aircraft only
        available through the expansion of production capacity;
            (3) $500,000,000 for improvements to the Minuteman III
        intercontinental ballistic missile system;
            (4) $100,000,000 for capability enhancements to
        intercontinental ballistic missile reentry vehicles;
            (5) $148,000,000 for the expansion of D5 missile motor
        production;
            (6) $400,000,000 to accelerate the development of Trident D5LE2
        submarine-launched ballistic missiles;
            (7) $2,000,000,000 to accelerate the development, procurement,
        and integration of the nuclear-armed sea-launched cruise missile;
            (8) $62,000,000 to convert Ohio-class submarine tubes to accept
        additional missiles, not to be obligated before March 1, 2026;
            (9) $168,000,000 to accelerate the production of the Survivable
        Airborne Operations Center program;
            (10) $65,000,000 to accelerate the modernization of nuclear
        command, control, and communications;
            (11) $210,300,000 for the increased production of MH-139
        helicopters; and
            (12) $150,000,000 to accelerate the development, procurement,
        and integration of military nuclear weapons delivery programs.
        (b) NNSA Appropriations.--In addition to amounts otherwise
    available, there are appropriated to the Administrator of the National
    Nuclear Security Administration for fiscal year 2025, out of any money
    in the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $200,000,000 to perform National Nuclear Security
        Administration Phase 1 studies pursuant to section 3211 of the
        National Nuclear Security Administration Act (50 U.S.C. 2401);
            (2) $540,000,000 to address deferred maintenance and repair
        needs of the National Nuclear Security Administration pursuant to
        section 3211 of the National Nuclear Security Administration Act
        (50 U.S.C. 2401);
            (3) $1,000,000,000 to accelerate the construction of National
        Nuclear Security Administration facilities pursuant to section 3211
        of the National Nuclear Security Administration Act (50 U.S.C.
        2401);
            (4) $400,000,000 to accelerate the development, procurement,
        and integration of the warhead for the nuclear-armed sea-launched
        cruise missile pursuant to section 3211 of the National Nuclear
        Security Administration Act (50 U.S.C. 2401);
            (5) $750,000,000 to accelerate primary capability modernization
        pursuant to section 3211 of the National Nuclear Security
        Administration Act (50 U.S.C. 2401);
            (6) $750,000,000 to accelerate secondary capability
        modernization pursuant to section 3211 of the National Nuclear
        Security Administration Act (50 U.S.C. 2401);
            (7) $120,000,000 to accelerate domestic uranium enrichment
        centrifuge deployment for defense purposes pursuant to section 3211
        of the National Nuclear Security Administration Act (50 U.S.C.
        2401);
            (8) $10,000,000 for National Nuclear Security Administration
        evaluation of spent fuel reprocessing technology; and
            (9) $115,000,000 for accelerating nuclear national security
        missions through artificial intelligence.
    SEC. 20009. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES TO IMPROVE
    CAPABILITIES OF UNITED STATES INDO-PACIFIC COMMAND.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Defense for fiscal year 2025, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $365,000,000 for Army exercises and operations in the
        Western Pacific area of operations;
            (2) $53,000,000 for Special Operations Command exercises and
        operations in the Western Pacific area of operations;
            (3) $47,000,000 for Marine Corps exercises and operations in
        Western Pacific area of operations;
            (4) $90,000,000 for Air Force exercises and operations in
        Western Pacific area of operations;
            (5) $532,600,000 for the Pacific Air Force biennial large-scale
        exercise;
            (6) $19,000,000 for the development of naval small craft
        capabilities;
            (7) $35,000,000 for military additive manufacturing
        capabilities in the United States Indo-Pacific Command area of
        operations west of the international dateline;
            (8) $450,000,000 for the development of airfields within the
        area of operations of United States Indo-Pacific Command;
            (9) $1,100,000,000 for development of infrastructure within the
        area of operations of United States Indo-Pacific Command;
            (10) $124,000,000 for mission networks for United States Indo-
        Pacific Command;
            (11) $100,000,000 for Air Force regionally based cluster pre-
        position base kits;
            (12) $115,000,000 for exploration and development of existing
        Arctic infrastructure;
            (13) $90,000,000 for the accelerated development of non-kinetic
        capabilities;
            (14) $20,000,000 for United States Indo-Pacific Command
        military exercises;
            (15) $143,000,000 for anti-submarine sonar arrays;
            (16) $30,000,000 for surveillance and reconnaissance
        capabilities for United States Africa Command;
            (17) $30,000,000 for surveillance and reconnaissance
        capabilities for United States Indo-Pacific Command;
            (18) $500,000,000 for the development, coordination, and
        deployment of economic competition effects within the Department of
        Defense;
            (19) $10,000,000 for the expansion of Department of Defense
        workforce for economic competition;
            (20) $1,000,000,000 for offensive cyber operations;
            (21) $500,000,000 for personnel and operations costs associated
        with forces assigned to United States Indo-Pacific Command;
            (22) $300,000,000 for the procurement of mesh network
        communications capabilities for Special Operations Command Pacific;
            (23) $850,000,000 for the replenishment of military articles;
            (24) $200,000,000 for acceleration of Guam Defense System
        program;
            (25) $68,000,000 for Space Force facilities improvements;
            (26) $150,000,000 for ground moving target indicator military
        satellites;
            (27) $528,000,000 for DARC and SILENTBARKER military space
        situational awareness programs;
            (28) $80,000,000 for Navy Operational Support Division;
            (29) $1,000,000,000 for the X-37B military spacecraft program;
            (30) $3,650,000,000 for the development, procurement, and
        integration of United States military satellites and the protection
        of United States military satellites.
            (31) $125,000,000 for the development, procurement, and
        integration of military space communications.
            (32) $350,000,000 for the development, procurement, and
        integration of military space command and control systems.
    SEC. 20010. ENHANCEMENT OF DEPARTMENT OF DEFENSE RESOURCES FOR
    IMPROVING THE READINESS OF THE DEPARTMENT OF DEFENSE.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Defense for fiscal year 2025, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $1,400,000,000 for a pilot program on OPN-8 maritime spares
        and repair rotable pool;
            (2) $700,000,000 for a pilot program on OPN-8 maritime spares
        and repair rotable pool for amphibious ships;
            (3) $2,118,000,000 for spares and repairs to keep Air Force
        aircraft mission capable;
            (4) $1,500,000,000 for Army depot modernization and capacity
        enhancement;
            (5) $2,000,000,000 for Navy depot and shipyard modernization
        and capacity enhancement;
            (6) $250,000,000 for Air Force depot modernization and capacity
        enhancement;
            (7) $1,640,000,000 for Special Operations Command equipment,
        readiness, and operations;
            (8) $500,000,000 for National Guard unit readiness;
            (9) $400,000,000 for Marine Corps readiness and capabilities;
            (10) $20,000,000 for upgrades to Marine Corps utility
        helicopters;
            (11) $310,000,000 for next-generation vertical lift, assault,
        and intra-theater aeromedical evacuation aircraft;
            (12) $75,000,000 for the procurement of anti-lock braking
        systems for Army wheeled transport vehicles;
            (13) $230,000,000 for the procurement of Army wheeled combat
        vehicles;
            (14) $63,000,000 for the development of advanced rotary-wing
        engines;
            (15) $241,000,000 for the development, procurement, and
        integration of Marine Corps amphibious vehicles;
            (16) $250,000,000 for the procurement of Army tracked combat
        transport vehicles;
            (17) $98,000,000 for additional Army light rotary-wing
        capabilities;
            (18) $1,500,000,000 for increased depot maintenance and
        shipyard maintenance activities;
            (19) $2,500,000,000 for Air Force facilities sustainment,
        restoration, and modernization;
            (20) $92,500,000 for the completion of Robotic Combat Vehicle
        prototyping;
            (21) $125,000,000 for Army operations;
            (22) $10,000,000 for the Air Force Concepts, Development, and
        Management Office; and
            (23) $320,000,000 for Joint Special Operations Command.
    SEC. 20011. IMPROVING DEPARTMENT OF DEFENSE BORDER SUPPORT AND COUNTER-
    DRUG MISSIONS.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Defense for fiscal year 2025, out of any money in
    the Treasury not otherwise appropriated, to remain available until
    September 30, 2029, $1,000,000,000 for the deployment of military
    personnel in support of border operations, operations and maintenance
    activities in support of border operations, counter-narcotics and
    counter-transnational criminal organization mission support, the
    operation of national defense areas and construction in national
    defense areas, and the temporary detention of migrants on Department of
    Defense installations, in accordance with chapter 15 of title 10,
    United States Code.
    SEC. 20012. DEPARTMENT OF DEFENSE OVERSIGHT.
        In addition to amounts otherwise available, there is appropriated
    to the Inspector General of the Department of Defense for fiscal year
    2025, out of any money in the Treasury not otherwise appropriated,
    $10,000,000, to remain available through September 30, 2029, to monitor
    Department of Defense activities for which funding is appropriated in
    this title, including--
            (1) programs with mutual technological dependencies;
            (2) programs with related data management and data ownership
        considerations; and
            (3) programs particularly vulnerable to supply chain
        disruptions and long lead time components.
    SEC. 20013. MILITARY CONSTRUCTION PROJECTS AUTHORIZED.
        (a) Authorization of Appropriations.--Funds are hereby authorized
    to be appropriated for military construction, land acquisition, and
    military family housing functions of each military department (as
    defined in section 101(a) of title 10, United States Code) as specified
    in this title.
        (b) Spending Plan.--Not later than 30 days after the date of the
    enactment of this title, the Secretary of each military department
    shall submit to the Committees on Armed Services of the Senate and
    House of Representatives a detailed spending plan by project for all
    funds made available by this title to be expended on military
    construction projects.

          TITLE III--COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

    SEC. 30001. FUNDING CAP FOR THE BUREAU OF CONSUMER FINANCIAL
    PROTECTION.
        Section 1017(a)(2)(A)(iii) of the Consumer Financial Protection Act
    of 2010 (12 U.S.C. 5497(a)(2)(A)(iii)) is amended by striking ``12''
    and inserting ``6.5''.
    SEC. 30002. RESCISSION OF FUNDS FOR GREEN AND RESILIENT RETROFIT
    PROGRAM FOR MULTIFAMILY HOUSING.
        The unobligated balances of amounts made available under section
    30002(a) of the Act entitled ``An Act to provide for reconciliation
    pursuant to title II of S. Con. Res. 14'', approved August 16, 2022
    (Public Law 117-169; 136 Stat. 2027) are rescinded.
    SEC. 30003. SECURITIES AND EXCHANGE COMMISSION RESERVE FUND.
        (a) In General.--Section 4 of the Securities Exchange Act of 1934
    (15 U.S.C. 78d) is amended--
            (1) by striking subsection (i); and
            (2) by redesignating subsections (j) and (k) as subsections (i)
        and (j), respectively.
        (b) Technical and Conforming Amendment.--Section 21F(g)(2) of the
    Securities Exchange Act of 1934 (15 U.S.C. 78u-6(g)(2)) is amended to
    read as follows:
        ``(a) Use of Fund.--The Fund shall be available to the Commission,
    without further appropriation or fiscal year limitation, for paying
    awards to whistleblowers as provided in subsection (b).''.
        (c) Transition Provision.--During the period beginning on the date
    of enactment of this Act and ending on October 1, 2025, the Securities
    and Exchange Commission may expend amounts in the Securities and
    Exchange Commission Reserve Fund that were obligated before the date of
    enactment of this Act for any program, project, or activity that is
    ongoing (as of the day before the date of enactment of this Act) in
    accordance with subsection (i) of section 4 of the Securities Exchange
    Act of 1934 (15 U.S.C. 78d), as in effect on the day before the date of
    enactment of this Act.
        (d) Transfer of Remaining Amounts.--Effective on October 1, 2025,
    the obligated and unobligated balances of amounts in the Securities and
    Exchange Commission Reserve Fund shall be transferred to the general
    fund of the Treasury.
        (e) Closing of Account.--For the purposes of section 1555 of title
    31, United States Code, the Securities and Exchange Commission Reserve
    Fund shall be considered closed, and thereafter shall not be available
    for obligation or expenditure for any purpose, upon execution of the
    transfer required under subsection (d).
    SEC. 30004. APPROPRIATIONS FOR DEFENSE PRODUCTION ACT.
        In addition to amounts otherwise available, there is appropriated
    for fiscal year 2025, out of amounts not otherwise appropriated,
    $1,000,000,000, to remain available until September 30, 2027, to carry
    out the Defense Production Act (50 U.S.C. 4501 et seq.).

          TITLE IV--COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION

    SEC. 40001. COAST GUARD MISSION READINESS.
        (a) In General.--Chapter 11 of title 14, United States Code, is
    amended by adding at the end the following:

                 ``Subchapter V--Coast Guard Mission Readiness

    ``Sec. 1181. Special appropriations
        ``In addition to amounts otherwise available, there is appropriated
    to the Coast Guard for fiscal year 2025, out of any money in the
    Treasury not otherwise appropriated, $24,593,500,000, to remain
    available until September 30, 2029, notwithstanding paragraphs (1) and
    (2) of section 1105(a) and sections 1131, 1132, 1133, and 1156, to use
    expedited processes to procure or acquire new operational assets and
    systems, to maintain existing assets and systems, to design, construct,
    plan, engineer, and improve necessary shore infrastructure, and to
    enhance operational resilience for monitoring, search and rescue,
    interdiction, hardening of maritime approaches, and navigational
    safety, of which--
            ``(1) $1,142,500,000 is provided for procurement and
        acquisition of fixed-wing aircraft, equipment related to such
        aircraft and training simulators and program management for such
        aircraft, to provide for security of the maritime border;
            ``(2) $2,283,000,000 is provided for procurement and
        acquisition of rotary-wing aircraft, equipment related to such
        aircraft and training simulators and program management for such
        aircraft, to provide for security of the maritime border;
            ``(3) $266,000,000 is provided for procurement and acquisition
        of long-range unmanned aircraft and base stations, equipment
        related to such aircraft and base stations, and program management
        for such aircraft and base stations, to provide for security of the
        maritime border;
            ``(4) $4,300,000,000 is provided for procurement of Offshore
        Patrol Cutters, equipment related to such cutters, and program
        management for such cutters, to provide operational presence and
        security of the maritime border and for interdiction of persons and
        controlled substances;
            ``(5) $1,000,000,000 is provided for procurement of Fast
        Response Cutters, equipment related to such cutters, and program
        management for such cutters, to provide operational presence and
        security of the maritime border and for interdiction of persons and
        controlled substances;
            ``(6) $4,300,000,000 is provided for procurement of Polar
        Security Cutters, equipment related to such cutters, and program
        management for such cutters, to ensure timely presence of the Coast
        Guard in the Arctic and Antarctic regions;
            ``(7) $3,500,000,000 is provided for procurement of Arctic
        Security Cutters, equipment related to such cutters, and program
        management for such cutters, to ensure timely presence of the Coast
        Guard in the Arctic and Antarctic regions;
            ``(8) $816,000,000 is provided for procurement of light and
        medium icebreaking cutters, and equipment relating to such cutters,
        from shipyards that have demonstrated success in the cost-effective
        application of design standards and in delivering, on schedule and
        within budget, vessels of a size and tonnage that are not less than
        the size and tonnage of the cutters described in this paragraph,
        and for program management for such cutters, to expand domestic
        icebreaking capacity;
            ``(9) $162,000,000 is provided for procurement of Waterways
        Commerce Cutters, equipment related to such cutters, and program
        management for such cutters, to support aids to navigation,
        waterways and coastal security, and search and rescue in inland
        waterways;
            ``(10) $4,379,000,000 is provided for design, planning,
        engineering, recapitalization, construction, rebuilding, and
        improvement of, and program management for, shore facilities, of
        which--
                ``(A) $425,000,000 is provided for design, planning,
            engineering, construction of, and program management for--
                    ``(i) the enlisted boot camp barracks and multi-use
                training center; and
                    ``(ii) other related facilities at the enlisted boot
                camp;
                ``(B) $500,000,000 is provided for--
                    ``(i) construction, improvement, and dredging at the
                Coast Guard Yard; and
                    ``(ii) acquisition of a floating drydock for the Coast
                Guard Yard;
                ``(C) not more than $2,729,500,000 is provided for
            homeports and hangars for cutters and aircraft for which funds
            are appropriated under paragraph (1) through (9); and
                ``(D) $300,000,000 is provided for homeporting of the
            existing polar icebreaker commissioned into service in 2025;
            ``(11) $2,200,000,000 is provided for aviation, cutter, and
        shore facility depot maintenance and maintenance of command,
        control, communication, computer, and cyber assets;
            ``(12) $170,000,000 is provided for improving maritime domain
        awareness on the maritime border, at United States ports, at land-
        based facilities and in the cyber domain; and
            ``(13) $75,000,000 is provided to contract the services of,
        acquire, or procure autonomous maritime systems.''.
        (b) Technical and Conforming Amendment.--The analysis for chapter
    11 of title 14, United States Code, is amended by adding at the end the
    following:

                  ``subchapter v--coast guard mission readiness

    ``1181. Special appropriations.''.
    SEC. 40002. SPECTRUM AUCTIONS.
        (a) Definitions.--In this section:
            (1) Assistant secretary.--The term ``Assistant Secretary''
        means the Assistant Secretary of Commerce for Communications and
        Information.
            (2) Commission.--The term ``Commission'' means the Federal
        Communications Commission.
            (3) Covered band.--The term ``covered band''--
                (A) except as provided in subparagraph (B), means the band
            of frequencies between 1.3 gigahertz and 10.5 gigahertz; and
                (B) does not include--
                    (i) the band of frequencies between 3.1 gigahertz and
                3.45 gigahertz for purposes of auction, reallocation,
                modification, or withdrawal; or
                    (ii) the band of frequencies between 7.4 gigahertz and
                8.4 gigahertz for purposes of auction, reallocation,
                modification, or withdrawal.
            (4) Full-power commercial licensed use cases.--The term ``full-
        power commercial licensed use cases'' means flexible use wireless
        broadband services with base station power levels sufficient for
        high-power, high-density, and wide-area commercial mobile services,
        consistent with the service rules under part 27 of title 47, Code
        of Federal Regulations, or any successor regulations, for wireless
        broadband deployments throughout the covered band.
        (b) General Auction Authority.--
            (1) Amendment.--Section 309(j)(11) of the Communications Act of
        1934 (47 U.S.C. 309(j)(11)) is amended by striking ``grant a
        license or permit under this subsection shall expire March 9,
        2023'' and all that follows and inserting the following: "complete
        a system of competitive bidding under this subsection shall expire
        September 30, 2034, except that, with respect to the
        electromagnetic spectrum-- ``
                ``(A) between the frequencies of 3.1 gigahertz and 3.45
            gigahertz, such authority shall not apply; and
                ``(B) between the frequencies of 7.4 gigahertz and 8.4
            gigahertz, such authority shall not apply.''.
            (2) Spectrum auctions.--The Commission shall grant licenses
        through systems of competitive bidding, before the expiration of
        the general auction authority of the Commission under section
        309(j)(11) of the Communications Act of 1934 (47 U.S.C.
        309(j)(11)), as amended by paragraph (1) of this subsection, for
        not less than 300 megahertz, including by completing a system of
        competitive bidding not later than 2 years after the date of
        enactment of this Act for not less than 100 megahertz in the band
        between 3.98 gigahertz and 4.2 gigahertz.
        (c) Identification for Reallocation.--
            (1) In general.--The Assistant Secretary, in consultation with
        the Commission, shall identify 500 megahertz of frequencies in the
        covered band for reallocation to non-Federal use, shared Federal
        and non-Federal use, or a combination thereof, for full-power
        commercial licensed use cases, that--
                (A) as of the date of enactment of this Act, are allocated
            for Federal use; and
                (B) shall be in addition to the 300 megahertz of
            frequencies for which the Commission grants licenses under
            subsection (b)(2).
            (2) Schedule.--The Assistant Secretary shall identify the
        frequencies under paragraph (1) according to the following
        schedule:
                (A) Not later than 2 years after the date of enactment of
            this Act, the Assistant Secretary shall identify not less than
            200 megahertz of frequencies within the covered band.
                (B) Not later than 4 years after the date of enactment of
            this Act, the Assistant Secretary shall identify any remaining
            bandwidth required to be identified under paragraph (1).
            (3) Required analysis.--
                (A) In general.--In determining under paragraph (1) which
            specific frequencies within the covered band to reallocate, the
            Assistant Secretary shall determine the feasibility of the
            reallocation of frequencies.
                (B) Requirements.--In conducting the analysis under
            subparagraph (A), the Assistant Secretary shall assess net
            revenue potential, relocation or sharing costs, as applicable,
            and the feasibility of reallocating specific frequencies, with
            the goal of identifying the best approach to maximize net
            proceeds of systems of competitive bidding for the Treasury,
            consistent with section 309(j) of the Communications Act of
            1934 (47 U.S.C. 309(j)).
        (d) Auctions.--The Commission shall grant licenses for the
    frequencies identified for reallocation under subsection (c) through
    systems of competitive bidding in accordance with the following
    schedule:
            (1) Not later than 4 years after the date of enactment of this
        Act, the Commission shall, after notifying the Assistant Secretary,
        complete 1 or more systems of competitive bidding for not less than
        200 megahertz of the frequencies.
            (2) Not later than 8 years after the date of enactment of this
        Act, the Commission shall, after notifying the Assistant Secretary,
        complete 1 or more systems of competitive bidding for any
        frequencies identified under subsection (c) that remain to be
        auctioned after compliance with paragraph (1) of this subsection.
        (e) Limitation.--The President shall modify or withdraw any
    frequency proposed for reallocation under this section not later than
    60 days before the commencement of a system of competitive bidding
    scheduled by the Commission with respect to that frequency, if the
    President determines that such modification or withdrawal is necessary
    to protect the national security of the United States.
        (f) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Department of Commerce for fiscal year
    2025, out of any money in the Treasury not otherwise appropriated,
    $50,000,000, to remain available through September 30, 2034, to provide
    additional support to the Assistant Secretary to--
            (1) conduct a timely spectrum analysis of the bands of
        frequencies--
                (A) between 2.7 gigahertz and 2.9 gigahertz;
                (B) between 4.4 gigahertz and 4.9 gigahertz; and
                (C) between 7.25 gigahertz and 7.4 gigahertz; and
            (2) publish a biennial report, with the last report to be
        published not later than June 30, 2034, on the value of all
        spectrum used by Federal entities (as defined in section 113(l) of
        the National Telecommunications and Information Administration
        Organization Act (47 U.S.C. 923(l))), that assesses the value of
        bands of frequencies in increments of not more than 100 megahertz.
    SEC. 40003. AIR TRAFFIC CONTROL IMPROVEMENTS.
        (a) In General.--For the purpose of the acquisition, construction,
    sustainment, and improvement of facilities and equipment necessary to
    improve or maintain aviation safety, in addition to amounts otherwise
    made available, there is appropriated to the Administrator of the
    Federal Aviation Administration for fiscal year 2025, out of any money
    in the Treasury not otherwise appropriated, to remain available until
    September 30, 2029--
            (1) $4,750,000,000 for telecommunications infrastructure
        modernization and systems upgrades;
            (2) $3,000,000,000 for radar systems replacement;
            (3) $500,000,000 for runway safety technologies, runway
        lighting systems, airport surface surveillance technologies, and to
        carry out section 347 of the FAA Reauthorization Act of 2024;
            (4) $300,000,000 for Enterprise Information Display Systems;
            (5) $80,000,000 to acquire and install not less than 50
        Automated Weather Observing Systems, to acquire and install not
        less than 60 Visual Weather Observing Systems, to acquire and
        install not less than 64 weather camera sites, and to acquire and
        install weather stations;
            (6) $40,000,000 to carry out section 44745 of title 49, United
        States Code, (except for activities described in paragraph (5));
            (7) $1,900,000,000 for necessary actions to construct a new air
        route traffic control center (in this subsection referred to as
        ``ARTCC''):  Provided, That not more than 2 percent of such amount
        is used for planning or administrative purposes:  Provided further,
        That at least 3 existing ARTCCs are divested and integrated into
        the newly constructed ARTCC;
            (8) $100,000,000 to conduct an ARTCC Realignment and
        Consolidation Effort under which at least 10 existing ARTCCs are
        closed or consolidated to facilitate recapitalization of ARTCC
        facilities owned and operated by the Federal Aviation
        Administration;
            (9) $1,000,000,000 to support recapitalization and
        consolidation of terminal radar approach control facilities (in
        this subsection referred to as ``TRACONs''), the analysis and
        identification of TRACONs for divestment, consolidation, or
        integration, planning, site selection, facility acquisition, and
        transition activities and other appropriate activities for carrying
        out such divestment, consolidation, or integration, and the
        establishment of brand new TRACONs;
            (10) $350,000,000 for unstaffed infrastructure sustainment and
        replacement;
            (11) $50,000,000 to carry out section 961 of the FAA
        Reauthorization Act of 2024;
            (12) $300,000,000 to carry out section 619 of the FAA
        Reauthorization Act of 2024;
            (13) $50,000,000 to carry out section 621 of the FAA
        Reauthorization Act of 2024 and to deploy remote tower technology
        at untowered airports; and
            (14) $100,000,000 for air traffic controller advanced training
        technologies.
        (b) Quarterly Reporting.--Not later than 180 days after the date of
    enactment of this Act, and every 90 days thereafter, the Administrator
    of the Federal Aviation Administration shall submit to Congress a
    report that describes any expenditures under this section.
    SEC. 40004. SPACE LAUNCH AND REENTRY LICENSING AND PERMITTING USER
    FEES.
        (a) In General.--Chapter 509 of title 51, United States Code, is
    amended by adding at the end the following new section:
    ``Sec. 50924. Space launch and reentry licensing and permitting user
         fees
        ``(a) Fees.--
            ``(1) In general.--The Secretary of Transportation shall impose
        a fee, which shall be deposited in the account established under
        subsection (b), on each launch or reentry carried out under a
        license or permit issued under section 50904 during 2026 or a
        subsequent year, in an amount equal to the lesser of--
                ``(A) the amount specified in paragraph (2) for the year
            involved per pound of the weight of the payload; or
                ``(B) the amount specified in paragraph (3) for the year
            involved.
            ``(2) Paragraph (2) specified amount.--The amount specified in
        this paragraph is--
                ``(A) for 2026, $0.25;
                ``(B) for 2027, $0.35;
                ``(C) for 2028, $0.50;
                ``(D) for 2029, $0.60;
                ``(E) for 2030, $0.75;
                ``(F) for 2031, $1;
                ``(G) for 2032, $1.25;
                ``(H) for 2033, $1.50; and
                ``(I) for 2034 and each subsequent year, the amount
            specified in this paragraph for the previous year increased by
            the percentage increase in the consumer price index for all
            urban consumers (all items; United States city average) over
            the previous year.
            ``(3) Paragraph (3) specified amount.--The amount specified in
        this paragraph is--
                ``(A) for 2026, $30,000;
                ``(B) for 2027, $40,000;
                ``(C) for 2028, $50,000;
                ``(D) for 2029, $75,000;
                ``(E) for 2030, $100,000;
                ``(F) for 2031, $125,000;
                ``(G) for 2032, $170,000;
                ``(H) for 2033, $200,000; and
                ``(I) for 2034 and each subsequent year, the amount
            specified in this paragraph for the previous year increased by
            the percentage increase in the consumer price index for all
            urban consumers (all items; United States city average) over
            the previous year.
        ``(b) Office of Commercial Space Transportation Launch and Reentry
    Licensing and Permitting Fund.--There is established in the Treasury of
    the United States a separate account, which shall be known as the
    `Office of Commercial Space Transportation Launch and Reentry Licensing
    and Permitting Fund', for the purposes of expenses of the Office of
    Commercial Space Transportation of the Federal Aviation Administration
    and to carry out section 630(b) of the FAA Reauthorization Act of 2024.
    70 percent of the amounts deposited into the fund shall be available
    for such purposes and shall be available without further appropriation
    and without fiscal year limitation.''.
        (b) Clerical Amendment.--The table of sections for chapter 509 of
    title 51, United States Code, is amended by inserting after the item
    relating to section 50923 the following:
    ``50924. Space launch and reentry licensing and permitting user fees.''.
    SEC. 40005. MARS MISSIONS, ARTEMIS MISSIONS, AND MOON TO MARS PROGRAM.
        (a) In General.--Chapter 203 of title 51, United States Code, is
    amended by adding at the end the following:
    ``Sec. 20306. Special appropriations for Mars missions, Artemis
         missions, and Moon to Mars program
        ``(a) In General.--In addition to amounts otherwise available,
    there is appropriated to the Administration for fiscal year 2025, out
    of any money in the Treasury not otherwise appropriated,
    $9,995,000,000, to remain available until September 30, 2032, to use as
    follows:
            ``(1) $700,000,000, to be obligated not later than fiscal year
        2026, for the procurement, using a competitively bid, firm fixed-
        price contract with a United States commercial provider (as defined
        in section 50101(7)), of a high-performance Mars telecommunications
        orbiter--
                ``(A) that--
                    ``(i) is capable of providing robust, continuous
                communications for--

                        ``(I) a Mars sample return mission, as described in
                    section 432(3)(C) of the National Aeronautics and Space
                    Administration Transition Authorization Act of 2017 (51
                    U.S.C. 20302 note; Public Law 115-10); and
                        ``(II) future Mars surface, orbital, and human
                    exploration missions;

                    ``(ii) supports autonomous operations, onboard
                processing, and extended mission duration capabilities; and
                    ``(iii) is selected from among the commercial proposals
                that--

                        ``(I) received funding from the Administration in
                    fiscal year 2024 or 2025 for commercial design studies
                    for Mars Sample Return; and
                        ``(II) proposed a separate, independently launched
                    Mars telecommunication orbiter supporting an end-to-end
                    Mars sample return mission; and

                ``(B) which shall be delivered to the Administration not
            later than December 31, 2028.
            ``(2) $2,600,000,000 to meet the requirements of section
        20302(a) using the program of record known, as of the date of the
        enactment of this section, as `Gateway', and as described in
        section 10811(b)(2)(B)(iv) of the National Aeronautics and Space
        Administration Authorization Act of 2022 (51 U.S.C. 20302 note;
        Public Law 117-167), of which not less than $750,000,000 shall be
        obligated for each of fiscal years 2026, 2027, and 2028.
            ``(3) $4,100,000,000 for expenses related to meeting the
        requirements of section 10812 of the National Aeronautics and Space
        Administration Authorization Act of 2022 (51 U.S.C. 20301; Public
        Law 117-167) for the procurement, transportation, integration,
        operation, and other necessary expenses of the Space Launch System
        for Artemis Missions IV and V, of which not less than
        $1,025,000,000 shall be obligated for each of fiscal years 2026,
        2027, 2028, and 2029.
            ``(4) $20,000,000 for expenses related to the continued
        procurement of the multi-purpose crew vehicle described in section
        303 of the National Aeronautics and Space Administration
        Authorization Act of 2010 (42 U.S.C. 18323), known as the `Orion',
        for use with the Space Launch System on the Artemis IV Mission and
        reuse in subsequent Artemis Missions, of which not less than
        $20,000,000 shall be obligated not later than fiscal year 2026.
            ``(5) $1,250,000,000 for expenses related to the operation of
        the International Space Station and for the purpose of meeting the
        requirement under section 503(a) of the National Aeronautics and
        Space Administration Authorization Act of 2010 (42 U.S.C.
        18353(a)), of which not less than $250,000,000 shall be obligated
        for such expenses for each of fiscal years 2025, 2026, 2027, 2028,
        and 2029.
            ``(6) $1,000,000,000 for infrastructure improvements at the
        manned spaceflight centers of the Administration, of which not less
        than--
                ``(A) $120,000,000 shall be obligated not later than fiscal
            year 2026 for construction, revitalization, recapitalization,
            or other infrastructure projects and improvements at the center
            described in Executive Order 12641 (53 Fed. Reg. 18816;
            relating to designating certain facilities of the National
            Aeronautics and Space Administration in the State of
            Mississippi as the John C. Stennis Space Center);
                ``(B) $250,000,000 shall be obligated not later than fiscal
            year 2026 for construction, revitalization, recapitalization,
            or other infrastructure projects and improvements at the center
            described in Executive Order 11129 (28 Fed. Reg. 12787;
            relating to designating certain facilities of the National
            Aeronautics and Space Administration and of the Department of
            Defense, in the State of Florida, as the John F. Kennedy Space
            Center);
                ``(C) $300,000,000 shall be obligated not later than fiscal
            year 2026 for construction, revitalization, recapitalization,
            or other infrastructure projects and improvements at the center
            described in the Joint Resolution entitled `Joint Resolution to
            designate the Manned Spacecraft Center in Houston, Texas, as
            the ``Lyndon B. Johnson Space Center'' in honor of the late
            President', approved February 17, 1973 (Public Law 93-8; 87
            Stat. 7);
                ``(D) $100,000,000 shall be obligated not later than fiscal
            year 2026 for construction, revitalization, recapitalization,
            or other infrastructure projects and improvements at the center
            described in Executive Order 10870 (25 Fed. Reg. 2197; relating
            to designating the facilities of the National Aeronautics and
            Space Administration at Huntsville, Alabama, as the George C.
            Marshall Space Flight Center);
                ``(E) $30,000,000 shall be obligated not later than fiscal
            year 2026 for construction, revitalization, recapitalization,
            or other infrastructure projects and improvements at the
            Michoud Assembly Facility in New Orleans, Louisiana; and
                ``(F) $85,000,000 shall be obligated to carry out
            subsection (b), of which not less than $5,000,000 shall be
            obligated for the transportation of the space vehicle described
            in that subsection, with the remainder transferred not later
            than the date that is 18 months after the date of the enactment
            of this section to the entity designated under that subsection,
            for the purpose of construction of a facility to house the
            space vehicle referred to in that subsection.
            ``(7) $325,000,000 to fulfill contract number 80JSC024CA002
        issued by the National Aeronautics and Space Administration on June
        26, 2024.
        ``(b) Space Vehicle Transfer.--
            ``(1) In general.--Not later than 30 days after the date of the
        enactment of this section, the Administrator shall identify a space
        vehicle described in paragraph (2) to be--
                ``(A) transferred to a field center of the Administration
            that is involved in the administration of the Commercial Crew
            Program (as described in section 302 of the National
            Aeronautics and Space Administration Transition Authorization
            Act of 2017 (51 U.S.C. 50111 note; Public Law 115-10)); and
                ``(B) placed on public exhibition at an entity within the
            Metropolitan Statistical Area where such center is located.
            ``(2) Space vehicle described.--A space vehicle described in
        this paragraph is a vessel that--
                ``(A) has flown into space;
                ``(B) has carried astronauts; and
                ``(C) is selected with the concurrence of an entity
            designated by the Administrator.
            ``(3) Transfer.--Not later than 18 months after the date of the
        enactment of this section, the space vehicle identified under
        paragraph (1) shall be transferred to an entity designated by the
        Administrator.
        ``(c) Obligation of Funds.--Funds appropriated under subsection (a)
    shall be obligated as follows:
            ``(1) Not less than 50 percent of the total funds in subsection
        (a) shall be obligated not later than September 30, 2028.
            ``(2) 100 percent of funds shall be obligated not later than
        September 30, 2029.
            ``(3) All associated outlays shall occur not later than
        September 30, 2034.''.
        (b) Clerical Amendment.--The table of sections for chapter 203 of
    title 51, United States Code, is amended by adding at the end the
    following:
    ``20306. Special appropriations for Mars missions, Artemis missions, and
              Moon to Mars program.''.
    SEC. 40006. CORPORATE AVERAGE FUEL ECONOMY CIVIL PENALTIES.
        (a) In General.--Section 32912 of title 49, United States Code, is
    amended--
            (1) in subsection (b), in the matter preceding paragraph (1),
        by striking ``$5'' and inserting ``$0.00''; and
            (2) in subsection (c)(1)(B), by striking ``$10'' and inserting
        ``$0.00''.
        (b) Effect; Applicability.--The amendments made by subsection (a)
    shall--
            (1) take effect on the date of enactment of this section; and
            (2) apply to all model years of a manufacturer for which the
        Secretary of Transportation has not provided a notification
        pursuant to section 32903(b)(2)(B) of title 49, United States Code,
        specifying the penalty due for the average fuel economy of that
        manufacturer being less than the applicable standard prescribed
        under section 32902 of that title.
    SEC. 40007. PAYMENTS FOR LEASE OF METROPOLITAN WASHINGTON AIRPORTS.
        Section 49104(b) of title 49, United States Code, is amended to
    read as follows:
        ``(b) Payments.--
            ``(1) In general.--Subject to paragraph (2), under the lease,
        the Airports Authority must pay to the general fund of the Treasury
        annually an amount, computed using the GNP Price Deflator--
                ``(A) during the period from 1987 to 2026, equal to
            $3,000,000 in 1987 dollars; and
                ``(B) for 2027 and subsequent years, equal to $15,000,000
            in 2027 dollars.
            ``(2) Renegotiation.--The Secretary and the Airports Authority
        shall renegotiate the level of lease payments at least once every
        10 years to ensure that in no year the amount specified in
        paragraph (1)(B) is less than $15,000,000 in 2027 dollars.''.
    SEC. 40008. RESCISSION OF CERTAIN AMOUNTS FOR THE NATIONAL OCEANIC AND
    ATMOSPHERIC ADMINISTRATION.
        Any unobligated balances of amounts appropriated or otherwise made
    available by sections 40001, 40002, 40003, and 40004 of Public Law 117-
    169 (136 Stat. 2028) are hereby rescinded.
    SEC. 40009. REDUCTION IN ANNUAL TRANSFERS TO TRAVEL PROMOTION FUND.
        Subsection (d)(2)(B) of the Travel Promotion Act of 2009 (22 U.S.C.
    2131(d)(2)(B)) is amended by striking ``$100,000,000'' and inserting
    ``$20,000,000''.
    SEC. 40010. TREATMENT OF UNOBLIGATED FUNDS FOR ALTERNATIVE FUEL AND
    LOW-EMISSION AVIATION TECHNOLOGY.
        Out of the amounts made available by section 40007(a) of title IV
    of Public Law 117-169 (49 U.S.C. 44504 note), any unobligated balances
    of such amounts are hereby rescinded.
    SEC. 40011. RESCISSION OF AMOUNTS APPROPRIATED TO PUBLIC WIRELESS
    SUPPLY CHAIN INNOVATION FUND.
        Of the unobligated balances of amounts made available under section
    106(a) of the CHIPS Act of 2022 (Public Law 117-167; 136 Stat. 1392),
    $850,000,000 are permanently rescinded.

               TITLE V--COMMITTEE ON ENERGY AND NATURAL RESOURCES
                        Subtitle A--Oil and Gas Leasing

    SEC. 50101. ONSHORE OIL AND GAS LEASING.
        (a) Repeal of Inflation Reduction Act Provisions.--
            (1) Onshore oil and gas royalty rates.--Subsection (a) of
        section 50262 of Public Law 117-169 (136 Stat. 2056) is repealed,
        and any provision of law amended or repealed by that subsection is
        restored or revived as if that subsection had not been enacted into
        law.
            (2) Noncompetitive leasing.--Subsection (e) of section 50262 of
        Public Law 117-169 (136 Stat. 2057) is repealed, and any provision
        of law amended or repealed by that subsection is restored or
        revived as if that subsection had not been enacted into law.
        (b) Requirement to Immediately Resume Onshore Oil and Gas Lease
    Sales.--
            (1) In general.--The Secretary of the Interior shall
        immediately resume quarterly onshore oil and gas lease sales in
        compliance with the Mineral Leasing Act (30 U.S.C. 181 et seq.).
            (2) Requirement.--The Secretary of the Interior shall ensure--
                (A) that any oil and gas lease sale required under
            paragraph (1) is conducted immediately on completion of all
            applicable scoping, public comment, and environmental analysis
            requirements under the Mineral Leasing Act (30 U.S.C. 181 et
            seq.) and the National Environmental Policy Act of 1969 (42
            U.S.C. 4321 et seq.); and
                (B) that the processes described in subparagraph (A) are
            conducted in a timely manner to ensure compliance with
            subsection (b)(1).
            (3) Lease of oil and gas lands.--Section 17(b)(1)(A) of the
        Mineral Leasing Act (30 U.S.C. 226(b)(1)(A)), as amended by
        subsection (a), is amended by inserting ``For purposes of the
        previous sentence, the term `eligible lands' means all lands that
        are subject to leasing under this Act and are not excluded from
        leasing by a statutory prohibition, and the term `available', with
        respect to eligible lands, means those lands that have been
        designated as open for leasing under a land use plan developed
        under section 202 of the Federal Land Policy and Management Act of
        1976 (43 U.S.C. 1712) and that have been nominated for leasing
        through the submission of an expression of interest, are subject to
        drainage in the absence of leasing, or are otherwise designated as
        available pursuant to regulations adopted by the Secretary.'' after
        ``sales are necessary.''.
        (c) Quarterly Lease Sales.--
            (1) In general.--In accordance with the Mineral Leasing Act (30
        U.S.C. 181 et seq.), each fiscal year, the Secretary of the
        Interior shall conduct a minimum of 4 oil and gas lease sales of
        available land in each of the following States:
                (A) Wyoming.
                (B) New Mexico.
                (C) Colorado.
                (D) Utah.
                (E) Montana.
                (F) North Dakota.
                (G) Oklahoma.
                (H) Nevada.
                (I) Alaska.
            (2) Requirement.--In conducting a lease sale under paragraph
        (1) in a State described in that paragraph, the Secretary of the
        Interior--
                (A) shall offer not less than 50 percent of available
            parcels nominated for oil and gas development under the
            applicable resource management plan in effect for relevant
            Bureau of Land Management resource management areas within the
            applicable State; and
                (B) shall not restrict the parcels offered to 1 Bureau of
            Land Management field office within the applicable State unless
            all nominated parcels are located within the same Bureau of
            Land Management field office.
            (3) Replacement sales.--The Secretary of the Interior shall
        conduct a replacement sale during the same fiscal year if--
                (A) a lease sale under paragraph (1) is canceled, delayed,
            or deferred, including for a lack of eligible parcels; or
                (B) during a lease sale under paragraph (1) the percentage
            of acreage that does not receive a bid is equal to or greater
            than 25 percent of the acreage offered.
        (d) Mineral Leasing Act Reforms.--Section 17 of the Mineral Leasing
    Act (30 U.S.C. 226), as amended by subsection (a), is amended--
            (1) by striking the section designation and all that follows
        through the end of subsection (a) and inserting the following:
      ``SEC. 17. LEASING OF OIL AND GAS PARCELS.
        ``(a) Leasing Authorized.--
            ``(1) In general.--Any parcel of land subject to disposition
        under this Act that is known or believed to contain oil or gas
        deposits shall be made available for leasing, subject to paragraph
        (2), by the Secretary of the Interior, not later than 18 months
        after the date of receipt by the Secretary of an expression of
        interest in leasing the applicable parcel of land available for
        disposition under this section, if the Secretary determines that
        the parcel of land is open to oil or gas leasing under the approved
        resource management plan applicable to the planning area in which
        the parcel of land is located that is in effect on the date on
        which the expression of interest was submitted to the Secretary
        (referred to in this subsection as the `approved resource
        management plan').
            ``(2) Resource management plans.--
                ``(A) Lease terms and conditions.--A lease issued by the
            Secretary under this section with respect to an applicable
            parcel of land made available for leasing under paragraph (1)--
                    ``(i) shall be subject to the terms and conditions of
                the approved resource management plan; and
                    ``(ii) may not require any stipulations or mitigation
                requirements not included in the approved resource
                management plan.
                ``(B) Effect of amendment.--The initiation of an amendment
            to an approved resource management plan shall not prevent or
            delay the Secretary from making the applicable parcel of land
            available for leasing in accordance with that approved resource
            management plan if the other requirements of this section have
            been met, as determined by the Secretary.'';
            (2) in subsection (p), by adding at the end the following:
            ``(4) Term.--A permit to drill approved under this subsection
        shall be valid for a single, non-renewable 4-year period beginning
        on the date that the permit to drill is approved.''; and
            (3) by striking subsection (q) and inserting the following:
        ``(q) Commingling of Production.--The Secretary of the Interior
    shall approve applications allowing for the commingling of production
    from 2 or more sources (including the area of an oil and gas lease, the
    area included in a drilling spacing unit, a unit participating area, a
    communitized area, or non-Federal property) before production reaches
    the point of royalty measurement regardless of ownership, the royalty
    rates, and the number or percentage of acres for each source if the
    applicant agrees to install measurement devices for each source,
    utilize an allocation method that achieves volume measurement
    uncertainty levels within plus or minus 2 percent during the production
    phase reported on a monthly basis, or utilize an approved periodic well
    testing methodology. Production from multiple oil and gas leases,
    drilling spacing units, communitized areas, or participating areas from
    a single wellbore shall be considered a single source. Nothing in this
    subsection shall prevent the Secretary of the Interior from continuing
    the current practice of exercising discretion to authorize higher
    percentage volume measurement uncertainty levels if appropriate
    technical and economic justifications have been provided.''.
    SEC. 50102. OFFSHORE OIL AND GAS LEASING.
        (a) Lease Sales.--
            (1) Gulf of america region.--
                (A) In general.--Notwithstanding the 2024-2029 National
            Outer Continental Shelf Oil and Gas Leasing Program (and any
            successor leasing program that does not satisfy the
            requirements of this section), in addition to lease sales which
            may be held under that program, and except within areas subject
            to existing oil and gas leasing moratoria, the Secretary of the
            Interior shall conduct a minimum of 30 region-wide oil and gas
            lease sales, in a manner consistent with the schedule described
            in subparagraph (B), in the region identified in the map
            depicting lease terms and economic conditions accompanying the
            final notice of sale of the Bureau of Ocean Energy Management
            entitled ``Gulf of Mexico Outer Continental Shelf Region-Wide
            Oil and Gas Lease Sale 254'' (85 Fed. Reg. 8010 (February 12,
            2020)).
                (B) Timing requirement.--Of the not fewer than 30 region-
            wide lease sales required under this paragraph, the Secretary
            of the Interior shall--
                    (i) hold not fewer than 1 lease sale in the region
                described in subparagraph (A) by December 15, 2025;
                    (ii) hold not fewer than 2 lease sales in that region
                in each of calendar years 2026 through 2039, 1 of which
                shall be held by March 15 of the applicable calendar year
                and 1 of which shall be held after March 15 but not later
                than August 15 of the applicable calendar year; and
                    (iii) hold not fewer than 1 lease sale in that region
                in calendar year 2040, which shall be held by March 15,
                2040.
            (2) Alaska region.--
                (A) In general.--The Secretary of the Interior shall
            conduct a minimum of 6 offshore lease sales, in a manner
            consistent with the schedule described in subparagraph (B), in
            the Cook Inlet Planning Area as identified in the 2017-2022
            Outer Continental Shelf Oil and Gas Leasing Proposed Final
            Program published on November 18, 2016, by the Bureau of Ocean
            Energy Management (as announced in the notice of availability
            of the Bureau of Ocean Energy Management entitled ``Notice of
            Availability of the 2017-2022 Outer Continental Shelf Oil and
            Gas Leasing Proposed Final Program'' (81 Fed. Reg. 84612
            (November 23, 2016))).
                (B) Timing requirement.--Of the not fewer than 6 lease
            sales required under this paragraph, the Secretary of the
            Interior shall hold not fewer than 1 lease sale in the area
            described in subparagraph (A) in each of calendar years 2026
            through 2028, and in each of calendar years 2030 through 2032,
            by March 15 of the applicable calendar year.
        (b) Requirements.--
            (1) Terms and stipulations for gulf of america sales.--In
        conducting lease sales under subsection (a)(1), the Secretary of
        the Interior--
                (A) shall, subject to subparagraph (C), offer the same
            lease form, lease terms, economic conditions, and lease
            stipulations 4 through 9 as contained in the final notice of
            sale of the Bureau of Ocean Energy Management entitled ``Gulf
            of Mexico Outer Continental Shelf Region-Wide Oil and Gas Lease
            Sale 254'' (85 Fed. Reg. 8010 (February 12, 2020));
                (B) may update lease stipulations 1 through 3 and 10
            described in that final notice of sale to reflect current
            conditions for lease sales conducted under subsection (a)(1);
                (C) shall set the royalty rate at not less than 12\1/2\
            percent but not greater than 16\2/3\ percent; and
                (D) shall, for a lease in water depths of 800 meters or
            deeper issued as a result of a sale, set the primary term for
            10 years.
            (2) Terms and stipulations for alaska region sales.--
                (A) In general.--In conducting lease sales under subsection
            (a)(2), the Secretary of the Interior shall offer the same
            lease form, lease terms, economic conditions, and stipulations
            as contained in the final notice of sale of the Bureau of Ocean
            Energy Management entitled ``Cook Inlet Planning Area Outer
            Continental Shelf Oil and Gas Lease Sale 244'' (82 Fed. Reg.
            23291 (May 22, 2017)).
                (B) Revenue sharing.--Notwithstanding section 8(g) and
            section 9 of the Outer Continental Shelf Lands Act (43 U.S.C.
            1337(g), 1338), and beginning in fiscal year 2034, of the
            bonuses, rents, royalties, and other revenues derived from
            lease sales conducted under subsection (a)(2)--
                    (i) 70 percent shall be paid to the State of Alaska;
                and
                    (ii) 30 percent shall be deposited in the Treasury and
                credited to miscellaneous receipts.
            (3) Area offered for lease.--
                (A) Gulf of america region.--For each offshore lease sale
            conducted under subsection (a)(1), the Secretary of the
            Interior shall--
                    (i) offer not fewer than 80,000,000 acres; or
                    (ii) if there are fewer than 80,000,000 acres that are
                unleased and available, offer all unleased and available
                acres.
                (B) Alaska region.--For each offshore lease sale conducted
            under subsection (a)(2), the Secretary of the Interior shall--
                    (i) offer not fewer than 1,000,000 acres; or
                    (ii) if there are fewer than 1,000,000 acres that are
                unleased and available, offer all unleased and available
                acres.
        (c) Offshore Commingling.--The Secretary of the Interior shall
    approve a request of an operator to commingle oil or gas production
    from multiple reservoirs within a single wellbore completed on the
    outer Continental Shelf in the Gulf of America Region unless the
    Secretary of the Interior determines that conclusive evidence
    establishes that the commingling--
            (1) could not be conducted by the operator in a safe manner; or
            (2) would result in an ultimate recovery from the applicable
        reservoirs to be reduced in comparison to the expected recovery of
        those reservoirs if they had not been commingled.
        (d) Offshore Oil and Gas Royalty Rate.--
            (1) Repeal.--Section 50261 of Public Law 117-169 (136 Stat.
        2056) is repealed, and any provision of law amended or repealed by
        that section is restored or revived as if that section had not been
        enacted into law.
            (2) Royalty rate.--Section 8(a)(1) of the Outer Continental
        Shelf Lands Act (43 U.S.C. 1337(a)(1)) (as amended by paragraph
        (1)) is amended--
                (A) in subparagraph (A), by striking ``not less than 12\1/
            2\ per centum'' and inserting ``not less than 12\1/2\ percent,
            but not more than 16\2/3\ percent,'';
                (B) in subparagraph (C), by striking ``not less than 12\1/
            2\ per centum'' and inserting ``not less than 12\1/2\ percent,
            but not more than 16\2/3\ percent,'';
                (C) in subparagraph (F), by striking ``no less than 12\1/2\
            per centum'' and inserting ``not less than 12\1/2\ percent, but
            not more than 16\2/3\ percent,''; and
                (D) in subparagraph (H), by striking ``no less than 12 and
            \1/2\ per centum'' and inserting ``not less than 12\1/2\
            percent, but not more than 16\2/3\ percent,''.
        (e) Limitations on Amount of Distributed Qualified Outer
    Continental Shelf Revenues.--Section 105(f)(1) of the Gulf of Mexico
    Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109-432)
    is amended--
            (1) in subparagraph (B), by striking ``and'' at the end;
            (2) in subparagraph (C), by striking ``2055.'' and inserting
        ``2024;''; and
            (3) by adding at the end the following:
                ``(D) $650,000,000 for each of fiscal years 2025 through
            2034; and
                ``(E) $500,000,000 for each of fiscal years 2035 through
            2055.''.
    SEC. 50103. ROYALTIES ON EXTRACTED METHANE.
        Section 50263 of Public Law 117-169 (30 U.S.C. 1727) is repealed.
    SEC. 50104. ALASKA OIL AND GAS LEASING.
        (a) Definitions.--In this section:
            (1) Coastal plain.--The term ``Coastal Plain'' has the meaning
        given the term in section 20001(a) of Public Law 115-97 (16 U.S.C.
        3143 note).
            (2) Oil and gas program.--The term ``oil and gas program''
        means the oil and gas program established under section 20001(b)(2)
        of Public Law 115-97 (16 U.S.C. 3143 note).
            (3) Secretary.--The term ``Secretary'' means the Secretary of
        the Interior, acting through the Bureau of Land Management.
        (b) Lease Sales Required.--
            (1) In general.--Subject to paragraph (3), in addition to the
        lease sales required under section 20001(c)(1)(A) of Public Law
        115-97 (16 U.S.C. 3143 note), the Secretary shall conduct not fewer
        than 4 lease sales area-wide under the oil and gas program by not
        later than 10 years after the date of enactment of this Act.
            (2) Terms and conditions.--In conducting lease sales under
        paragraph (1), the Secretary shall offer the same terms and
        conditions as contained in the record of decision described in the
        notice of availability of the Bureau of Land Management entitled
        ``Notice of Availability of the Record of Decision for the Final
        Environmental Impact Statement for the Coastal Plain Oil and Gas
        Leasing Program, Alaska'' (85 Fed. Reg. 51754 (August 21, 2020)).
            (3) Sale acreages; schedule.--
                (A) Acreages.--In conducting the lease sales required under
            paragraph (1), the Secretary shall offer for lease under the
            oil and gas program--
                    (i) not fewer than 400,000 acres area-wide in each
                lease sale; and
                    (ii) those areas that have the highest potential for
                the discovery of hydrocarbons.
                (B) Schedule.--The Secretary shall offer--
                    (i) the initial lease sale under paragraph (1) not
                later than 1 year after the date of enactment of this Act;
                    (ii) a second lease sale under paragraph (1) not later
                than 3 years after the date of enactment of this Act;
                    (iii) a third lease sale under paragraph (1) not later
                than 5 years after the date of enactment of this Act; and
                    (iv) a fourth lease sale under paragraph (1) not later
                than 7 years after the date of enactment of this Act.
            (4) Rights-of-way.--Section 20001(c)(2) of Public Law 115-97
        (16 U.S.C. 3143 note) shall apply to leases awarded under this
        subsection.
            (5) Surface development.--Section 20001(c)(3) of Public Law
        115-97 (16 U.S.C. 3143 note) shall apply to leases awarded under
        this subsection.
        (c) Receipts.--Notwithstanding section 35 of the Mineral Leasing
    Act (30 U.S.C. 191) and section 20001(b)(5) of Public Law 115-97 (16
    U.S.C. 3143 note), of the amount of adjusted bonus, rental, and royalty
    receipts derived from the oil and gas program and operations on the
    Coastal Plain pursuant to this section--
            (1)(A) for each of fiscal years 2025 through 2033, 50 percent
        shall be paid to the State of Alaska; and
            (B) for fiscal year 2034 and each fiscal year thereafter, 70
        percent shall be paid to the State of Alaska; and
            (2) the balance shall be deposited into the Treasury as
        miscellaneous receipts.
    SEC. 50105. NATIONAL PETROLEUM RESERVE-ALASKA.
        (a) Definitions.--In this section:
            (1) NPR-A final environmental impact statement.--The term
        ``NPR-A final environmental impact statement'' means the final
        environmental impact statement published by the Bureau of Land
        Management entitled ``National Petroleum Reserve in Alaska
        Integrated Activity Plan Final Environmental Impact Statement'' and
        dated June 2020, including the errata sheet dated October 6, 2020,
        and excluding the errata sheet dated September 20, 2022.
            (2) NPR-A record of decision.--The term ``NPR-A record of
        decision'' means the record of decision published by the Bureau of
        Land Management entitled ``National Petroleum Reserve in Alaska
        Integrated Activity Plan Record of Decision'' and dated December
        2020.
            (3) Program.--The term ``Program'' means the competitive oil
        and gas leasing, exploration, development, and production program
        established under section 107 of the Naval Petroleum Reserves
        Production Act of 1976 (42 U.S.C. 6506a).
            (4) Secretary.--The term ``Secretary'' means the Secretary of
        the Interior.
        (b) Restoration of NPR-A Oil and Gas Leasing Program.--Effective
    beginning on the date of enactment of this Act, the Secretary shall
    expeditiously restore and resume oil and gas lease sales under the
    Program for domestic energy production and Federal revenue in the areas
    designated for oil and gas leasing as described in the NPR-A final
    environmental impact statement and the NPR-A record of decision.
        (c) Resumption of NPR-A Lease Sales.--
            (1) In general.--Subject to paragraph (2), the Secretary shall
        conduct not fewer than 5 lease sales under the Program by not later
        than 10 years after the date of enactment of this Act.
            (2) Sales acreages; schedule.--
                (A) Acreages.--In conducting the lease sales required under
            paragraph (1), the Secretary shall offer not fewer than
            4,000,000 acres in each lease sale.
                (B) Schedule.--The Secretary shall offer--
                    (i) an initial lease sale under paragraph (1) not later
                than 1 year after the date of enactment of this Act; and
                    (ii) an additional lease sale under paragraph (1) not
                later than every 2 years after the date of enactment of
                this Act.
        (d) Terms and Stipulations for NPR-A Lease Sales.--In conducting
    lease sales under subsection (c), the Secretary shall offer the same
    lease form, lease terms, economic conditions, and stipulations as
    described in the NPR-A final environmental impact statement and the
    NPR-A record of decision.
        (e) Receipts.--Section 107(l) of the Naval Petroleum Reserves
    Production Act of 1976 (42 U.S.C. 6506a(l)) is amended--
            (1) by striking ``All receipts from'' and inserting the
        following:
            ``(1) In general.--Except as provided in paragraph (2), all
        receipts from''; and
            (2) by adding at the end the following:
            ``(2) Percent share for fiscal year 2034 and thereafter.--
        Beginning in fiscal year 2034, of the receipts from sales, rentals,
        bonuses, and royalties on leases issued pursuant to this section
        after the date of enactment of the Act entitled `An Act to provide
        for reconciliation pursuant to title II of H. Con. Res. 14' (119th
        Congress)--
                ``(A) 70 percent shall be paid to the State of Alaska; and
                ``(B) 30 percent shall be paid into the Treasury of the
            United States.''.

                               Subtitle B--Mining

    SEC. 50201. COAL LEASING.
        (a) Definitions.--In this section:
            (1) Coal lease.--The term ``coal lease'' means a lease entered
        into by the United States as lessor, through the Bureau of Land
        Management, and an applicant on Bureau of Land Management Form
        3400-012 (or a successor form that contains the terms of a coal
        lease).
            (2) Qualified application.--The term ``qualified application''
        means an application for a coal lease pending as of the date of
        enactment of this Act or submitted within 90 days thereafter under
        the lease by application program administered by the Bureau of Land
        Management pursuant to the Mineral Leasing Act (30 U.S.C. 181 et
        seq.) for which any required environmental review has commenced or
        the Director of the Bureau of Land Management determines can
        commence within 90 days after receiving the application.
        (b) Coal Leasing Activities.--Not later than 90 days after the date
    of enactment of this Act, the Secretary of the Interior--
            (1) shall--
                (A) with respect to each qualified application--
                    (i) if not previously published for public comment,
                publish any required environmental review;
                    (ii) establish the fair market value of the applicable
                coal tract;
                    (iii) hold a lease sale with respect to the applicable
                coal tract; and
                    (iv) identify the highest bidder at or above the fair
                market value and take all other intermediate actions
                necessary to identify the winning bidder and grant the
                qualified application; and
            (2) may--
                (A) with respect to a previously issued coal lease, grant
            any additional approvals of the Department of the Interior
            required for mining activities to commence; and
                (B) after completing the actions required by clauses (i)
            through (iv) of paragraph (1)(A), grant the qualified
            application and issue the applicable lease to the person that
            submitted the qualified application if that person submitted
            the winning bid in the lease sale held under clause (iii) of
            paragraph (1)(A).
    SEC. 50202. COAL ROYALTY.
        (a) Rate.--Section 7(a) of the Mineral Leasing Act (30 U.S.C.
    207(a)) is amended, in the fourth sentence, by striking ``12\1/2\ per
    centum'' and inserting ``12\1/2\ percent, except such amount shall be
    not more than 7 percent during the period that begins on the date of
    enactment of the Act entitled `An Act to provide for reconciliation
    pursuant to title II of H. Con. Res. 14' (119th Congress) and ends
    September 30, 2034,''.
        (b) Applicability to Existing Leases.--The amendment made by
    subsection (a) shall apply to a coal lease--
            (1) issued under section 2 of the Mineral Leasing Act (30
        U.S.C. 201) before, on, or after the date of the enactment of this
        Act; and
            (2) that has not been terminated.
        (c) Advance Royalties.--With respect to a lease issued under
    section 2 of the Mineral Leasing Act (30 U.S.C. 201) for which the
    lessee has paid advance royalties under section 7(b) of that Act (30
    U.S.C. 207(b)), the Secretary of the Interior shall provide to the
    lessee a credit for the difference between the amount paid by the
    lessee in advance royalties for the lease before the date of the
    enactment of this Act and the amount the lessee would have been
    required to pay if the amendment made by subsection (a) had been made
    before the lessee paid advance royalties for the lease.
    SEC. 50203. LEASES FOR KNOWN RECOVERABLE COAL RESOURCES.
        Notwithstanding section 2(a)(3)(A) of the Mineral Leasing Act (30
    U.S.C. 201(a)(3)(A)) and section 202(a) of the Federal Land Policy and
    Management Act of 1976 (43 U.S.C. 1712(a)), not later than 90 days
    after the date of enactment of this Act, the Secretary of the Interior
    shall make available for lease known recoverable coal resources of not
    less than 4,000,000 additional acres on Federal land located in the 48
    contiguous States and Alaska subject to the jurisdiction of the
    Secretary, but which shall not include any Federal land within--
            (1) a National Monument;
            (2) a National Recreation Area;
            (3) a component of the National Wilderness Preservation System;
            (4) a component of the National Wild and Scenic Rivers System;
            (5) a component of the National Trails System;
            (6) a National Conservation Area;
            (7) a unit of the National Wildlife Refuge System;
            (8) a unit of the National Fish Hatchery System; or
            (9) a unit of the National Park System.
    SEC. 50204. AUTHORIZATION TO MINE FEDERAL COAL.
        (a) Authorization.--In order to provide access to coal reserves in
    adjacent State or private land that without an authorization could not
    be mined economically, Federal coal reserves located in Federal land
    subject to a mining plan previously approved by the Secretary of the
    Interior as of the date of enactment of this Act and adjacent to coal
    reserves in adjacent State or private land are authorized to be mined.
        (b) Requirement.--Not later than 90 days after the date of
    enactment of this Act, the Secretary of the Interior shall, without
    substantial modification, take such steps as are necessary to authorize
    the mining of Federal land described in subsection (a).
        (c) NEPA.--Nothing in this section shall prevent a review under the
    National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.).

                               Subtitle C--Lands

    SEC. 50301. TIMBER SALES AND LONG-TERM CONTRACTING FOR THE FOREST
    SERVICE AND THE BUREAU OF LAND MANAGEMENT.
        (a) Forest Service.--
            (1) Definitions.--In this subsection:
                (A) Forest plan.--The term ``forest plan'' means a land and
            resource management plan prepared by the Secretary for a unit
            of the National Forest System pursuant to section 6 of the
            Forest and Rangeland Renewable Resources Planning Act of 1974
            (16 U.S.C. 1604).
                (B) National forest system.--
                    (i) In general.--The term ``National Forest System''
                means land of the National Forest System (as defined in
                section 11(a) of the Forest and Rangeland Renewable
                Resources Planning Act of 1974 (16 U.S.C. 1609(a)))
                administered by the Secretary.
                    (ii) Exclusions.--The term ``National Forest System''
                does not include any forest reserve not created from the
                public domain.
                (C) Secretary.--The term ``Secretary'' means the Secretary
            of Agriculture, acting through the Chief of the Forest Service.
            (2) Timber sales on public domain forest reserves.--
                (A) In general.--For each of fiscal years 2026 through
            2034, the Secretary shall sell timber annually on National
            Forest System land in a total quantity that is not less than
            250,000,000 board-feet greater than the quantity of board-feet
            sold in the previous fiscal year.
                (B) Limitation.--The timber sales under subparagraph (A)
            shall be subject to the maximum allowable sale quantity of
            timber or the projected timber sale quantity under the
            applicable forest plan in effect on the date of enactment of
            this Act.
            (3) Long-term contracting for the forest service.--
                (A) Long-term contracting.--For the period of fiscal years
            2025 through 2034, the Secretary shall enter into not fewer
            than 40 long-term timber sale contracts with private persons or
            other public or private entities under subsection (a) of
            section 14 of the National Forest Management Act of 1976 (16
            U.S.C. 472a) for the sale of national forest materials (as
            defined in subsection (e)(1) of that section) in the National
            Forest System.
                (B) Contract length.--The period of a timber sale contract
            entered into to meet the requirement under subparagraph (A)
            shall be not less than 20 years, with options for extensions or
            renewals, as determined by the Secretary.
                (C) Receipts.--Any monies derived from a timber sale
            contract entered into to meet the requirements under
            subparagraphs (A) and (B) shall be deposited in the general
            fund of the Treasury.
        (b) Bureau of Land Management.--
            (1) Definitions.--In this subsection:
                (A) Public lands.--The term ``public lands'' has the
            meaning given the term in section 103 of the Federal Land
            Policy and Management Act of 1976 (43 U.S.C. 1702).
                (B) Resource management plan.--The term ``resource
            management plan'' means a land use plan prepared for public
            lands under section 202 of the Federal Land Policy and
            Management Act of 1976 (43 U.S.C. 1712).
                (C) Secretary.--The term ``Secretary'' means the Secretary
            of the Interior, acting through the Director of the Bureau of
            Land Management.
            (2) Timber sales on public lands.--
                (A) In general.--For each of fiscal years 2026 through
            2034, the Secretary shall sell timber annually on public lands
            in a total quantity that is not less than 20,000,000 board-feet
            greater than the quantity of board-feet sold in the previous
            fiscal year.
                (B) Limitation.--The timber sales under subparagraph (A)
            shall be subject to the applicable resource management plan in
            effect on the date of enactment of this Act.
            (3) Long-term contracting for the bureau of land management.--
                (A) Long-term contracting.--For the period of fiscal years
            2025 through 2034, the Secretary shall enter into not fewer
            than 5 long-term contracts with private persons or other public
            or private entities under section 1 of the Act of July 31, 1947
            (commonly known as the ``Materials Act of 1947'') (61 Stat.
            681, chapter 406; 30 U.S.C. 601), for the disposal of
            vegetative materials described in that section on public lands.
                (B) Contract length.--The period of a contract entered into
            to meet the requirement under subparagraph (A) shall be not
            less than 20 years, with options for extensions or renewals, as
            determined by the Secretary.
                (C) Receipts.--Any monies derived from a contract entered
            into to meet the requirements under subparagraphs (A) and (B)
            shall be deposited in the general fund of the Treasury.
    SEC. 50302. RENEWABLE ENERGY FEES ON FEDERAL LAND.
        (a) Definitions.--In this section:
            (1) Annual adjustment factor.--The term ``Annual Adjustment
        Factor'' means 3 percent.
            (2) Encumbrance factor.--The term ``Encumbrance Factor''
        means--
                (A) 100 percent for a solar energy generation facility; and
                (B) an amount determined by the Secretary, but not less
            than 10 percent for a wind energy generation facility.
            (3) National forest system.--
                (A) In general.--The term ``National Forest System'' means
            land of the National Forest System (as defined in section 11(a)
            of the Forest and Rangeland Renewable Resources Planning Act of
            1974 (16 U.S.C. 1609(a))) administered by the Secretary of
            Agriculture.
                (B) Exclusion.--The term ``National Forest System'' does
            not include any forest reserve not created from the public
            domain.
            (4) Per-acre rate.--The term ``Per-Acre Rate'', with respect to
        a right-of-way, means the average of the per-acre pastureland
        rental rates published in the Cash Rents Survey by the National
        Agricultural Statistics Service for the State in which the right-
        of-way is located over the 5 calendar-year period preceding the
        issuance or renewal of the right-of-way.
            (5) Project.--The term ``project'' means a system described in
        section 2801.9(a)(4) of title 43, Code of Federal Regulations (as
        in effect on the date of enactment of this Act).
            (6) Public land.--The term ``public land'' means--
                (A) public lands (as defined in section 103 of the Federal
            Land Policy and Management Act of 1976 (43 U.S.C. 1702)); and
                (B) National Forest System land.
            (7) Renewable energy project.--The term ``renewable energy
        project'' means a project located on public land that uses wind or
        solar energy to generate energy.
            (8) Right-of-way.--The term ``right-of-way'' has the meaning
        given the term in section 103 of the Federal Land Policy and
        Management Act of 1976 (43 U.S.C. 1702).
            (9) Secretary.--The term ``Secretary'' means--
                (A) the Secretary of the Interior, with respect to land
            controlled or administered by the Secretary of the Interior;
            and
                (B) the Secretary of Agriculture, with respect to National
            Forest System land.
        (b) Acreage Rent for Wind and Solar Rights-of-way.--
            (1) In general.--Pursuant to section 504(g) of the Federal Land
        Policy and Management Act of 1976 (43 U.S.C. 1764(g)), the
        Secretary shall, subject to paragraph (3) and not later than
        January 1 of each calendar year, collect from the holder of a
        right-of-way for a renewable energy project an acreage rent in an
        amount determined by the equation described in paragraph (2).
            (2) Calculation of acreage rent rate.--
                (A) Equation.--The amount of an acreage rent collected
            under paragraph (1) shall be determined using the following
            equation: Acreage rent = A <greek-e> B <greek-e> ((1 + C)\D\)).
                (B) Definitions.--For purposes of the equation described in
            subparagraph (A):
                    (i) The letter ``A'' means the Per-Acre Rate.
                    (ii) The letter ``B'' means the Encumbrance Factor.
                    (iii) The letter ``C'' means the Annual Adjustment
                Factor.
                    (iv) The letter ``D'' means the year in the term of the
                right-of-way.
            (3) Payment until production.--The holder of a right-of-way for
        a renewable energy project shall pay an acreage rent collected
        under paragraph (1) until the date on which energy generation
        begins.
        (c) Capacity Fees.--
            (1) In general.--The Secretary shall, subject to paragraph (3),
        annually collect a capacity fee from the holder of a right-of-way
        for a renewable energy project based on the amount described in
        paragraph (2).
            (2) Calculation of capacity fee.--The amount of a capacity fee
        collected under paragraph (1) shall be equal to the greater of--
                (A) an amount equal to the acreage rent described in
            subsection (b); and
                (B) 3.9 percent of the gross proceeds from the sale of
            electricity produced by the renewable energy project.
            (3) Multiple-use reduction factor.--
                (A) Application.--The holder of a right-of-way for a wind
            energy generation project may request that the Secretary apply
            a multiple-use reduction factor of 10-percent to the amount of
            a capacity fee determined under paragraph (2) by submitting to
            the Secretary an application at such time, in such manner, and
            containing such information as the Secretary may require.
                (B) Approval.--The Secretary may approve an application
            submitted under subparagraph (A) only if not less than 25
            percent of the land within the area of the right-of-way is
            authorized for use, occupancy, or development with respect to
            an activity other than the generation of wind energy for the
            entirety of the year in which the capacity fee is collected.
                (C) Late determination.--
                    (i) In general.--If the Secretary approves an
                application under subparagraph (B) for a wind energy
                generation project after the date on which the holder of
                the right-of-way for the project begins paying a capacity
                fee, the Secretary shall apply the multiple-use reduction
                factor described in subparagraph (A) to the capacity fee
                for the first year beginning after the date of approval and
                each year thereafter for the period during which the right-
                of-way remains in effect.
                    (ii) Refund.--The Secretary may not refund the holder
                of a right-of-way for the difference in the amount of a
                capacity fee paid in a previous year.
        (d) Late Payment Fee; Termination.--
            (1) In general.--The Secretary may charge the holder of a
        right-of-way for a renewable energy project a late payment fee if
        the Secretary does not receive payment for the acreage rent under
        subsection (b) or the capacity fee under subsection (c) by the date
        that is 15 days after the date on which the payment was due.
            (2) Termination of right-of-way.--The Secretary may terminate a
        right-of-way for a renewable energy project if the Secretary does
        not receive payment for the acreage rent under subsection (b) or
        the capacity fee under subsection (c) by the date that is 90 days
        after the date on which the payment was due.
    SEC. 50303. RENEWABLE ENERGY REVENUE SHARING.
        (a) Definitions.--In this section:
            (1) County.--The term ``county'' includes a parish, township,
        borough, and any other similar, independent unit of local
        government.
            (2) Covered land.--The term ``covered land'' means land that
        is--
                (A) public land administered by the Secretary; and
                (B) not excluded from the development of solar or wind
            energy under--
                    (i) a land use plan; or
                    (ii) other Federal law.
            (3) National forest system.--
                (A) In general.--The term ``National Forest System'' means
            land of the National Forest System (as defined in section 11(a)
            of the Forest and Rangeland Renewable Resources Planning Act of
            1974 (16 U.S.C. 1609(a))) administered by the Secretary of
            Agriculture.
                (B) Exclusion.--The term ``National Forest System'' does
            not include any forest reserve not created from the public
            domain.
            (4) Public land.--The term ``public land'' means--
                (A) public lands (as defined in section 103 of the Federal
            Land Policy and Management Act of 1976 (43 U.S.C. 1702)); and
                (B) National Forest System land.
            (5) Renewable energy project.--The term ``renewable energy
        project'' means a system described in section 2801.9(a)(4) of title
        43, Code of Federal Regulations (as in effect on the date of
        enactment of this Act), located on covered land that uses wind or
        solar energy to generate energy.
            (6) Secretary.--The term ``Secretary'' means--
                (A) the Secretary of the Interior, with respect to land
            controlled or administered by the Secretary of the Interior;
            and
                (B) the Secretary of Agriculture, with respect to National
            Forest System land.
        (b) Disposition of Revenue.--
            (1) Disposition of revenues.--Beginning on January 1, 2026, the
        amounts collected from a renewable energy project as bonus bids,
        rentals, fees, or other payments under a right-of-way, permit,
        lease, or other authorization shall--
                (A) be deposited in the general fund of the Treasury; and
                (B) without further appropriation or fiscal year
            limitation, be allocated as follows:
                    (i) 25 percent shall be paid from amounts in the
                general fund of the Treasury to the State within the
                boundaries of which the revenue is derived.
                    (ii) 25 percent shall be paid from amounts in the
                general fund of the Treasury to each county in a State
                within the boundaries of which the revenue is derived, to
                be allocated among each applicable county based on the
                percentage of county land from which the revenue is
                derived.
            (2) Payments to states and counties.--
                (A) In general.--Amounts paid to States and counties under
            paragraph (1) shall be used in accordance with the requirements
            of section 35 of the Mineral Leasing Act (30 U.S.C. 191).
                (B) Payments in lieu of taxes.--A payment to a county under
            paragraph (1) shall be in addition to a payment in lieu of
            taxes received by the county under chapter 69 of title 31,
            United States Code.
                (C) Timing.--The amounts required to be paid under
            paragraph (1)(B) for an applicable fiscal year shall be made
            available in the fiscal year that immediately follows the
            fiscal year for which the amounts were collected.
    SEC. 50304. RESCISSION OF NATIONAL PARK SERVICE AND BUREAU OF LAND
    MANAGEMENT FUNDS.
        There are rescinded the unobligated balances of amounts made
    available by the following sections of Public Law 117-169 (commonly
    known as the ``Inflation Reduction Act of 2022'') (136 Stat. 1818):
            (1) Section 50221 (136 Stat. 2052).
            (2) Section 50222 (136 Stat. 2052).
            (3) Section 50223 (136 Stat. 2052).
    SEC. 50305. CELEBRATING AMERICA'S 250TH ANNIVERSARY.
        In addition to amounts otherwise available, there is appropriated
    to the Secretary of the Interior (acting through the Director of the
    National Park Service) for fiscal year 2025, out of any money in the
    Treasury not otherwise appropriated, $150,000,000 for events,
    celebrations, and activities surrounding the observance and
    commemoration of the 250th anniversary of the founding of the United
    States, to remain available through fiscal year 2028.

                               Subtitle D--Energy

    SEC. 50401. STRATEGIC PETROLEUM RESERVE.
        (a) Energy Policy and Conservation Act Definitions.--In this
    section, the terms ``related facility'', ``storage facility'', and
    ``Strategic Petroleum Reserve'' have the meanings given those terms in
    section 152 of the Energy Policy and Conservation Act (42 U.S.C. 6232).
        (b) Appropriations.--In addition to amounts otherwise available,
    there is appropriated to the Department of Energy for fiscal year 2025,
    out of any money in the Treasury not otherwise appropriated, to remain
    available until September 30, 2029--
            (1) $218,000,000 for maintenance of, including repairs to,
        storage facilities and related facilities of the Strategic
        Petroleum Reserve; and
            (2) $171,000,000 to acquire, by purchase, petroleum products
        for storage in the Strategic Petroleum Reserve.
        (c) Repeal of Strategic Petroleum Reserve Drawdown and Sale
    Mandate.--Section 20003 of Public Law 115-97 (42 U.S.C. 6241 note) is
    repealed.
    SEC. 50402. REPEALS; RESCISSIONS.
        (a) Repeal and Rescission.--Section 50142 of Public Law 117-169
    (136 Stat. 2044) (commonly known as the ``Inflation Reduction Act of
    2022'') is repealed and the unobligated balance of amounts made
    available under that section (as in effect on the day before the date
    of enactment of this Act) is rescinded.
        (b) Rescissions.--
            (1) In general.--The unobligated balances of amounts made
        available under the sections described in paragraph (2) are
        rescinded.
            (2) Sections described.--The sections referred to in paragraph
        (1) are the following sections of Public Law 117-169 (commonly
        known as the ``Inflation Reduction Act of 2022''):
                (A) Section 50123 (42 U.S.C. 18795b).
                (B) Section 50141 (136 Stat. 2042).
                (C) Section 50144 (136 Stat. 2044).
                (D) Section 50145 (136 Stat. 2045).
                (E) Section 50151 (42 U.S.C. 18715).
                (F) Section 50152 (42 U.S.C. 18715a).
                (G) Section 50153 (42 U.S.C. 18715b).
                (H) Section 50161 (42 U.S.C. 17113b).
    SEC. 50403. ENERGY DOMINANCE FINANCING.
        (a) In General.--Section 1706 of the Energy Policy Act of 2005 (42
    U.S.C. 16517) is amended--
            (1) in subsection (a)--
                (A) in paragraph (1), by striking ``or'' at the end;
                (B) in paragraph (2), by striking ``avoid'' and all that
            follows through the period at the end and inserting ``increase
            capacity or output; or''; and
                (C) by adding at the end the following:
            ``(3) support or enable the provision of known or forecastable
        electric supply at time intervals necessary to maintain or enhance
        grid reliability or other system adequacy needs.'';
            (2) by striking subsection (c);
            (3) by redesignating subsections (d) through (f) as subsections
        (c) through (e), respectively;
            (4) in subsection (c) (as so redesignated)--
                (A) in paragraph (1), by adding ``and'' at the end;
                (B) by striking paragraph (2); and
                (C) by redesignating paragraph (3) as paragraph (2);
            (5) in subsection (e) (as so redesignated), by striking ``for--
        '' in the matter preceding paragraph (1) and all that follows
        through the period at the end of paragraph (2) and inserting ``for
        enabling the identification, leasing, development, production,
        processing, transportation, transmission, refining, and generation
        needed for energy and critical minerals.''; and
            (6) by adding at the end the following:
        ``(f) Funding.--
            ``(1) In general.--In addition to amounts otherwise available,
        there is appropriated to the Secretary for fiscal year 2025, out of
        any money in the Treasury not otherwise appropriated,
        $1,000,000,000, to remain available through September 30, 2028, to
        carry out activities under this section.
            ``(2) Administrative costs.--Of the amount made available under
        paragraph (1), the Secretary shall use not more than 3 percent for
        administrative expenses.''.
        (b) Commitment Authority.--Section 50144(b) of Public Law 117-169
    (commonly known as the ``Inflation Reduction Act of 2022'') (136 Stat.
    2045) is amended by striking ``2026'' and inserting ``2028''.
    SEC. 50404. TRANSFORMATIONAL ARTIFICIAL INTELLIGENCE MODELS.
        (a) Definitions.--In this section:
            (1) American science cloud.--The term ``American science
        cloud'' means a system of United States government, academic, and
        private sector programs and infrastructures utilizing cloud
        computing technologies to facilitate and support scientific
        research, data sharing, and computational analysis across various
        disciplines while ensuring compliance with applicable legal,
        regulatory, and privacy standards.
            (2) Artificial intelligence.--The term ``artificial
        intelligence'' has the meaning given the term in section 5002 of
        the National Artificial Intelligence Initiative Act of 2020 (15
        U.S.C. 9401).
        (b) Transformational Models.--The Secretary of Energy shall--
            (1) mobilize National Laboratories to partner with industry
        sectors within the United States to curate the scientific data of
        the Department of Energy across the National Laboratory complex so
        that the data is structured, cleaned, and preprocessed in a way
        that makes it suitable for use in artificial intelligence and
        machine learning models; and
            (2) initiate seed efforts for self-improving artificial
        intelligence models for science and engineering powered by the data
        described in paragraph (1).
        (c) Uses.--
            (1) Microelectronics.--The curated data described in subsection
        (b)(1) may be used to rapidly develop next-generation
        microelectronics that have greater capabilities beyond Moore's law
        while requiring lower energy consumption.
            (2) New energy technologies.--The artificial intelligence
        models developed under subsection (b)(2) shall be provided to the
        scientific community through the American science cloud to
        accelerate innovation in discovery science and engineering for new
        energy technologies.
        (d) Appropriations.--There is appropriated, out of any funds in the
    Treasury not otherwise appropriated, $150,000,000, to remain available
    through September 30, 2026, to carry out this section.

                               Subtitle E--Water

    SEC. 50501. WATER CONVEYANCE AND SURFACE WATER STORAGE ENHANCEMENT.
        In addition to amounts otherwise available, there is appropriated
    to the Secretary of the Interior, acting through the Commissioner of
    Reclamation, for fiscal year 2025, out of any funds in the Treasury not
    otherwise appropriated, $1,000,000,000, to remain available through
    September 30, 2034, for construction and associated activities that
    restore or increase the capacity or use of existing conveyance
    facilities constructed by the Bureau of Reclamation or for construction
    and associated activities that increase the capacity of existing Bureau
    of Reclamation surface water storage facilities, in a manner as
    determined by the Secretary of the Interior, acting through the
    Commissioner of Reclamation:  Provided, That, for the purposes of
    section 203 of the Reclamation Reform Act of 1982 (43 U.S.C. 390cc) or
    section 3404(a) of the Reclamation Projects Authorization and
    Adjustment Act of 1992 (Public Law 102-575; 106 Stat. 4708), a contract
    or agreement entered into pursuant to this section shall not be treated
    as a new or amended contract:  Provided further, That none of the funds
    provided under this section shall be reimbursable or subject to
    matching or cost-sharing requirements.

              TITLE VI--COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS

    SEC. 60001. RESCISSION OF FUNDING FOR CLEAN HEAVY-DUTY VEHICLES.
        The unobligated balances of amounts made available to carry out
    section 132 of the Clean Air Act (42 U.S.C. 7432) are rescinded.
    SEC. 60002. REPEAL OF GREENHOUSE GAS REDUCTION FUND.
        Section 134 of the Clean Air Act (42 U.S.C. 7434) is repealed and
    the unobligated balances of amounts made available to carry out that
    section (as in effect on the day before the date of enactment of this
    Act) are rescinded.
    SEC. 60003. RESCISSION OF FUNDING FOR DIESEL EMISSIONS REDUCTIONS.
        The unobligated balances of amounts made available to carry out
    section 60104 of Public Law 117-169 (136 Stat. 2067) are rescinded.
    SEC. 60004. RESCISSION OF FUNDING TO ADDRESS AIR POLLUTION.
        The unobligated balances of amounts made available to carry out
    section 60105 of Public Law 117-169 (136 Stat. 2067) are rescinded.
    SEC. 60005. RESCISSION OF FUNDING TO ADDRESS AIR POLLUTION AT SCHOOLS.
        The unobligated balances of amounts made available to carry out
    section 60106 of Public Law 117-169 (136 Stat. 2069) are rescinded.
    SEC. 60006. RESCISSION OF FUNDING FOR THE LOW EMISSIONS ELECTRICITY
    PROGRAM.
        The unobligated balances of amounts made available to carry out
    section 135 of the Clean Air Act (42 U.S.C. 7435) are rescinded.
    SEC. 60007. RESCISSION OF FUNDING FOR SECTION 211(O) OF THE CLEAN AIR
    ACT.
        The unobligated balances of amounts made available to carry out
    section 60108 of Public Law 117-169 (136 Stat. 2070) are rescinded.
    SEC. 60008. RESCISSION OF FUNDING FOR IMPLEMENTATION OF THE AMERICAN
    INNOVATION AND MANUFACTURING ACT.
        The unobligated balances of amounts made available to carry out
    section 60109 of Public Law 117-169 (136 Stat. 2071) are rescinded.
    SEC. 60009. RESCISSION OF FUNDING FOR ENFORCEMENT TECHNOLOGY AND PUBLIC
    INFORMATION.
        The unobligated balances of amounts made available to carry out
    section 60110 of Public Law 117-169 (136 Stat. 2071) are rescinded.
    SEC. 60010. RESCISSION OF FUNDING FOR GREENHOUSE GAS CORPORATE
    REPORTING.
        The unobligated balances of amounts made available to carry out
    section 60111 of Public Law 117-169 (136 Stat. 2072) are rescinded.
    SEC. 60011. RESCISSION OF FUNDING FOR ENVIRONMENTAL PRODUCT DECLARATION
    ASSISTANCE.
        The unobligated balances of amounts made available to carry out
    section 60112 of Public Law 117-169 (42 U.S.C. 4321 note; 136 Stat.
    2072) are rescinded.
    SEC. 60012. RESCISSION OF FUNDING FOR METHANE EMISSIONS AND WASTE
    REDUCTION INCENTIVE PROGRAM FOR PETROLEUM AND NATURAL GAS SYSTEMS.
        (a) Rescission.--The unobligated balances of amounts made available
    to carry out subsections (a) and (b) of section 136 of the Clean Air
    Act (42 U.S.C. 7436) are rescinded.
        (b) Period.--Section 136(g) of the Clean Air Act (42 U.S.C.
    7436(g)) is amended by striking ``calendar year 2024'' and inserting
    ``calendar year 2034''.
    SEC. 60013. RESCISSION OF FUNDING FOR GREENHOUSE GAS AIR POLLUTION
    PLANS AND IMPLEMENTATION GRANTS.
        The unobligated balances of amounts made available to carry out
    section 137 of the Clean Air Act (42 U.S.C. 7437) are rescinded.
    SEC. 60014. RESCISSION OF FUNDING FOR ENVIRONMENTAL PROTECTION AGENCY
    EFFICIENT, ACCURATE, AND TIMELY REVIEWS.
        The unobligated balances of amounts made available to carry out
    section 60115 of Public Law 117-169 (136 Stat. 2077) are rescinded.
    SEC. 60015. RESCISSION OF FUNDING FOR LOW-EMBODIED CARBON LABELING FOR
    CONSTRUCTION MATERIALS.
        The unobligated balances of amounts made available to carry out
    section 60116 of Public Law 117-169 (42 U.S.C. 4321 note; 136 Stat.
    2077) are rescinded.
    SEC. 60016. RESCISSION OF FUNDING FOR ENVIRONMENTAL AND CLIMATE JUSTICE
    BLOCK GRANTS.
        The unobligated balances of amounts made available to carry out
    section 138 of the Clean Air Act (42 U.S.C. 7438) are rescinded.
    SEC. 60017. RESCISSION OF FUNDING FOR ESA RECOVERY PLANS.
        The unobligated balances of amounts made available to carry out
    section 60301 of Public Law 117-169 (136 Stat. 2079) are rescinded.
    SEC. 60018. RESCISSION OF FUNDING FOR ENVIRONMENTAL AND CLIMATE DATA
    COLLECTION.
        The unobligated balances of amounts made available to carry out
    section 60401 of Public Law 117-169 (136 Stat. 2079) are rescinded.
    SEC. 60019. RESCISSION OF NEIGHBORHOOD ACCESS AND EQUITY GRANT PROGRAM.
        The unobligated balances of amounts made available to carry out
    section 177 of title 23, United States Code, are rescinded.
    SEC. 60020. RESCISSION OF FUNDING FOR FEDERAL BUILDING ASSISTANCE.
        The unobligated balances of amounts made available to carry out
    section 60502 of Public Law 117-169 (136 Stat. 2083) are rescinded.
    SEC. 60021. RESCISSION OF FUNDING FOR LOW-CARBON MATERIALS FOR FEDERAL
    BUILDINGS.
        The unobligated balances of amounts made available to carry out
    section 60503 of Public Law 117-169 (136 Stat. 2083) are rescinded.
    SEC. 60022. RESCISSION OF FUNDING FOR GSA EMERGING AND SUSTAINABLE
    TECHNOLOGIES.
        The unobligated balances of amounts made available to carry out
    section 60504 of Public Law 117-169 (136 Stat. 2083) are rescinded.
    SEC. 60023. RESCISSION OF ENVIRONMENTAL REVIEW IMPLEMENTATION FUNDS.
        The unobligated balances of amounts made available to carry out
    section 178 of title 23, United States Code, are rescinded.
    SEC. 60024. RESCISSION OF LOW-CARBON TRANSPORTATION MATERIALS GRANTS.
        The unobligated balances of amounts made available to carry out
    section 179 of title 23, United States Code, are rescinded.
    SEC. 60025. JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS.
        (a) In General.--In addition to amounts otherwise available, there
    is appropriated for fiscal year 2025, out of any money in the Treasury
    not otherwise appropriated, $256,657,000, to remain available until
    September 30, 2029, for necessary expenses for capital repair,
    restoration, maintenance backlog, and security structures of the
    building and site of the John F. Kennedy Center for the Performing
    Arts.
        (b) Administrative Costs.--Of the amounts made available under
    subsection (a), not more than 3 percent may be used for administrative
    costs necessary to carry out this section.
    SEC. 60026. PROJECT SPONSOR OPT-IN FEES FOR ENVIRONMENTAL REVIEWS.
        Title I of the National Environmental Policy Act of 1969 (42 U.S.C.
    4331 et seq.) is amended by adding at the end the following:
        ``SEC. 112. PROJECT SPONSOR OPT-IN FEES FOR ENVIRONMENTAL REVIEWS.
        ``(a) Process.--
            ``(1) Project sponsor.--A project sponsor that intends to pay a
        fee under this section for the preparation, or supervision of the
        preparation, of an environmental assessment or environmental impact
        statement for a project shall submit to the Council--
                ``(A) a description of the project; and
                ``(B) a declaration of whether the project sponsor intends
            to prepare the environmental assessment or environmental impact
            statement under section 107(f).
            ``(2) Council on environmental quality.--Not later than 15 days
        after the date on which the Council receives information described
        in paragraph (1) from a project sponsor, the Council shall provide
        to the project sponsor notice of the amount of the fee to be paid
        under this section, as determined under subsection (b).
            ``(3) Payment of fee.--A project sponsor may pay a fee under
        this section after receipt of the notice described in paragraph
        (2).
            ``(4) Deadline for environmental reviews for which a fee is
        paid.--Notwithstanding section 107(g)(1)--
                ``(A) an environmental assessment for which a fee is paid
            under this section shall be completed not later than 180 days
            after the date on which the fee is paid; and
                ``(B) an environmental impact statement for which a fee is
            paid under this section shall be completed not later than 1
            year after the date of publication of the notice of intent to
            prepare the environmental impact statement.
        ``(b) Fee Amount.--The amount of a fee under this section shall
    be--
            ``(1) 125 percent of the anticipated costs to prepare the
        environmental assessment or environmental impact statement; and
            ``(2) in the case of an environmental assessment or
        environmental impact statement to be prepared in whole or in part
        by a project sponsor under section 107(f), 125 percent of the
        anticipated costs to supervise preparation of, and, as applicable,
        prepare, the environmental assessment or environmental impact
        statement.''.

                               TITLE VII--FINANCE
                                Subtitle A--Tax

    SEC. 70001. REFERENCES TO THE INTERNAL REVENUE CODE OF 1986, ETC.
        (a) References.--Except as otherwise expressly provided, whenever
    in this title, an amendment or repeal is expressed in terms of an
    amendment to, or repeal of, a section or other provision, the reference
    shall be considered to be made to a section or other provision of the
    Internal Revenue Code of 1986.
        (b) Certain Rules Regarding Effect of Rate Changes Not
    Applicable.--Section 15 of the Internal Revenue Code of 1986 shall not
    apply to any change in rate of tax by reason of any provision of, or
    amendment made by, this title.

    CHAPTER 1--PROVIDING PERMANENT TAX RELIEF FOR MIDDLE-CLASS FAMILIES AND
                                    WORKERS

    SEC. 70101. EXTENSION AND ENHANCEMENT OF REDUCED RATES.
        (a) In General.--Section 1(j) is amended--
            (1) in paragraph (1), by striking ``, and before January 1,
        2026'', and
            (2) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Inflation Adjustment.--Section 1(j)(3)(B)(i) is amended by
    inserting ``solely for purposes of determining the dollar amounts at
    which any rate bracket higher than 12 percent ends and at which any
    rate bracket higher than 22 percent begins,'' before ``subsection
    (f)(3)''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70102. EXTENSION AND ENHANCEMENT OF INCREASED STANDARD DEDUCTION.
        (a) In General.--Section 63(c)(7) is amended--
            (1) by striking ``, and before January 1, 2026'' in the matter
        preceding subparagraph (A), and
            (2) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Additional Increase in Standard Deduction.--Paragraph (7) of
    section 63(c) is amended--
            (1) by striking ``$18,000'' both places it appears in
        subparagraphs (A)(i) and (B)(ii) and inserting ``$23,625'',
            (2) by striking ``$12,000'' both places it appears in
        subparagraphs (A)(ii) and (B)(ii) and inserting ``$15,750'',
            (3) by striking ``2018'' in subparagraph (B)(ii) and inserting
        ``2025'', and
            (4) by striking ``2017'' in subparagraph (B)(ii)(II) and
        inserting ``2024''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
    SEC. 70103. TERMINATION OF DEDUCTION FOR PERSONAL EXEMPTIONS OTHER THAN
    TEMPORARY SENIOR DEDUCTION.
        (a) In General.--Section 151(d)(5) is amended--
            (1) by striking ``2018 through 2025'' in the heading and
        inserting ``beginning after 2017'',
            (2) by striking ``, and before January 1, 2026'', and
            (3) by adding at the end the following new subparagraph:
                ``(C) Deduction for seniors.--
                    ``(i) In general.--In the case of a taxable year
                beginning before January 1, 2029, there shall be allowed a
                deduction in an amount equal to $6,000 for each qualified
                individual with respect to the taxpayer.
                    ``(ii) Qualified individual.--For purposes of clause
                (i), the term `qualified individual' means--

                        ``(I) the taxpayer, if the taxpayer has attained
                    age 65 before the close of the taxable year, and
                        ``(II) in the case of a joint return, the
                    taxpayer's spouse, if such spouse has attained age 65
                    before the close of the taxable year.

                    ``(iii) Limitation based on modified adjusted gross
                income.--

                        ``(I) In general.--In the case of any taxpayer for
                    any taxable year, the $6,000 amount in clause (i) shall
                    be reduced (but not below zero) by 6 percent of so much
                    of the taxpayer's modified adjusted gross income as
                    exceeds $75,000 ($150,000 in the case of a joint
                    return).
                        ``(II) Modified adjusted gross income.--For
                    purposes of this clause, the term `modified adjusted
                    gross income' means the adjusted gross income of the
                    taxpayer for the taxable year increased by any amount
                    excluded from gross income under section 911, 931, or
                    933.

                    ``(iv) Social security number required.--

                        ``(I) In general.--Clause (i) shall not apply with
                    respect to a qualified individual unless the taxpayer
                    includes such qualified individual's social security
                    number on the return of tax for the taxable year.
                        ``(II) Social security number.--For purposes of
                    subclause (I), the term `social security number' has
                    the meaning given such term in section 24(h)(7).

                    ``(v) Married individuals.--If the taxpayer is a
                married individual (within the meaning of section 7703),
                this subparagraph shall apply only if the taxpayer and the
                taxpayer's spouse file a joint return for the taxable
                year.''.
        (b) Omission of Correct Social Security Number Treated as
    Mathematical or Clerical Error.--Section 6213(g)(2) is amended by
    striking ``and'' at the end of subparagraph (U), by striking the period
    at the end of subparagraph (V) and inserting ``, and'', and by
    inserting after subparagraph (V) the following new subparagraph:
                ``(W) an omission of a correct social security number
            required under section 151(d)(5)(C) (relating to deduction for
            seniors).''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
    SEC. 70104. EXTENSION AND ENHANCEMENT OF INCREASED CHILD TAX CREDIT.
        (a) Extension and Increase of Expanded Child Tax Credit.--Section
    24(h) is amended--
            (1) in paragraph (1), by striking ``, and before January 1,
        2026'',
            (2) in paragraph (2), by striking ``$2,000'' and inserting
        ``$2,200'', and
            (3) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Social Security Number Required.--Section 24(h)(7) is amended
    to read as follows:
            ``(7) Social security number required.--
                ``(A) In general.--No credit shall be allowed under this
            section to a taxpayer with respect to any qualifying child
            unless the taxpayer includes on the return of tax for the
            taxable year--
                    ``(i) the taxpayer's social security number (or, in the
                case of a joint return, the social security number of at
                least 1 spouse), and
                    ``(ii) the social security number of such qualifying
                child.
                ``(B) Social security number.--For purposes of this
            paragraph, the term `social security number' means a social
            security number issued to an individual by the Social Security
            Administration, but only if the social security number is
            issued--
                    ``(i) to a citizen of the United States or pursuant to
                subclause (I) (or that portion of subclause (III) that
                relates to subclause (I)) of section 205(c)(2)(B)(i) of the
                Social Security Act, and
                    ``(ii) before the due date for such return.''.
        (c) Inflation Adjustments.--Section 24(i) is amended to read as
    follows:
        ``(i) Inflation Adjustments.--
            ``(1) Maximum amount of refundable credit.--In the case of a
        taxable year beginning after 2024, the $1,400 amount in subsection
        (h)(5) shall be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `2017' for `2016' in
            subparagraph (A)(ii) thereof.
            ``(2) Special rule for adjustment of credit amount.--In the
        case of a taxable year beginning after 2025, the $2,200 amount in
        subsection (h)(2) shall be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `2024' for `2016' in
            subparagraph (A)(ii) thereof.
            ``(3) Rounding.--If any increase under this subsection is not a
        multiple of $100, such increase shall be rounded to the next lowest
        multiple of $100.''.
        (d) Conforming Amendment.--Section 24(h)(5) is amended to read as
    follows:
            ``(5) Maximum amount of refundable credit.--The amount
        determined under subsection (d)(1)(A) with respect to any
        qualifying child shall not exceed $1,400, and such subsection shall
        be applied without regard to paragraph (4) of this subsection.''.
        (e) Omission of Correct Social Security Number Treated as
    Mathematical or Clerical Error.--Section 6213(g)(2)(I) is amended by
    striking ``section 24(e)'' and inserting ``section 24''.
        (f) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
    SEC. 70105. EXTENSION AND ENHANCEMENT OF DEDUCTION FOR QUALIFIED
    BUSINESS INCOME.
        (a) Increase in Taxable Income Limitation Phase-in Amounts.--
            (1) In general.--Subparagraph (B) of section 199A(b)(3) is
        amended by striking ``$50,000 ($100,000 in the case of a joint
        return)'' each place it appears and inserting ``$75,000 ($150,000
        in the case of a joint return)''.
            (2) Conforming amendment.--Paragraph (3) of section 199A(d) is
        amended by striking ``$50,000 ($100,000 in the case of a joint
        return)'' each place it appears and inserting ``$75,000 ($150,000
        in the case of a joint return)''.
        (b) Minimum Deduction for Active Qualified Business Income.--
            (1) In general.--Subsection (i) of section 199A is amended to
        read as follows:
        ``(i) Minimum Deduction for Active Qualified Business Income.--
            ``(1) In general.--In the case of an applicable taxpayer for
        any taxable year, the deduction allowed under subsection (a) for
        the taxable year shall be equal to the greater of--
                ``(A) the amount of such deduction determined without
            regard to this subsection, or
                ``(B) $400.
            ``(2) Applicable taxpayer.--For purposes of this subsection--
                ``(A) In general.--The term `applicable taxpayer' means,
            with respect to any taxable year, a taxpayer whose aggregate
            qualified business income with respect to all active qualified
            trades or businesses of the taxpayer for such taxable year is
            at least $1,000.
                ``(B) Active qualified trade or business.--The term `active
            qualified trade or business' means, with respect to any
            taxpayer for any taxable year, any qualified trade or business
            of the taxpayer in which the taxpayer materially participates
            (within the meaning of section 469(h)).
            ``(3) Inflation adjustment.--In the case of any taxable year
        beginning after 2026, the $400 amount in paragraph (1)(B) and the
        $1,000 amount in paragraph (2)(A) shall each be increased by an
        amount equal to --
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `calendar year 2025' for
            `calendar year 2016' in subparagraph (A)(ii) thereof.
        If any increase under this paragraph is not a multiple of $5, such
        increase shall be rounded to the nearest multiple of $5.''.
            (2) Conforming amendment.--Section 199A(a) is amended by
        inserting ``except as provided in subsection (i),'' before
        ``there''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70106. EXTENSION AND ENHANCEMENT OF INCREASED ESTATE AND GIFT TAX
    EXEMPTION AMOUNTS.
        (a) In General.--Section 2010(c)(3) is amended--
            (1) in subparagraph (A) by striking ``$5,000,000'' and
        inserting ``$15,000,000'',
            (2) in subparagraph (B)--
                (A) in the matter preceding clause (i), by striking
            ``2011'' and inserting ``2026'', and
                (B) in clause (ii), by striking ``calendar year 2010'' and
            inserting ``calendar year 2025'', and
            (3) by striking subparagraph (C).
        (b) Effective Date.--The amendments made by this section shall
    apply to estates of decedents dying and gifts made after December 31,
    2025.
    SEC. 70107. EXTENSION OF INCREASED ALTERNATIVE MINIMUM TAX EXEMPTION
    AMOUNTS AND MODIFICATION OF PHASEOUT THRESHOLDS.
        (a) In General.--Section 55(d)(4) is amended--
            (1) in subparagraph (A), by striking ``, and before January 1,
        2026'', and
            (2) by striking ``and Before 2026'' in the heading.
        (b) Modification of Inflation Adjustment.--Section 55(d)(4)(B) is
    amended--
            (1) by striking ``2018'' and inserting ``2018 (2026, in the
        case of the $1,000,000 amount in subparagraph (A)(ii)(I))'', and
            (2) by striking ``determined by substituting `calendar year
        2017' for `calendar year 2016' in subparagraph (A)(ii) thereof.''
        and inserting ``determined by substituting for `calendar year 2016'
        in subparagraph (A)(ii) thereof--
            ``(1) `calendar year 2017', in the case of the $109,400 amount
        in subparagraph (A)(i)(I) and the $70,300 amount in subparagraph
        (A)(i)(II), and
            ``(2) `calendar year 2025', in the case of the $1,000,000
        amount in subparagraph (A)(ii)(I).''.
        (c) Modification of Phaseout Amount.--Section 55(d)(4)(A)(ii) is
    amended by striking ``and'' at the end of subclause (II), and by adding
    at the end the following new subclause:

                        ``(IV) by substituting `50 percent' for `25
                    percent', and''.

        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70108. EXTENSION AND MODIFICATION OF LIMITATION ON DEDUCTION FOR
    QUALIFIED RESIDENCE INTEREST.
        (a) In General.--Section 163(h)(3)(F) is amended--
            (1) in clause (i)--
                (A) by striking ``, and before January 1, 2026'',
                (B) by redesignating subclauses (III) and (IV) as
            subclauses (IV) and (V), respectively,
                (C) by striking ``subclause (III)'' in subclause (V), as so
            redesignated, and inserting ``subclause (IV)'', and
                (D) by inserting after subclause (II) the following new
            subclause:

                        ``(III) Mortgage insurance premiums treated as
                    interest.--Clause (iv) of subparagraph (E) shall not
                    apply.'',

            (2) by striking clause (ii) and redesignating clauses (iii) and
        (iv) as clauses (ii) and (iii), respectively, and
            (3) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70109. EXTENSION AND MODIFICATION OF LIMITATION ON CASUALTY LOSS
    DEDUCTION.
        (a) In General.--Section 165(h)(5) is amended--
            (1) in subparagraph (A), by striking ``, and before January 1,
        2026'', and
            (2) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Extension to State Declared Disasters.--
            (1) In general.--Subparagraph (A) of section 165(h)(5), as
        amended by subsection (a), is further amended by striking
        ``(i)(5))'' and inserting ``(i)(5)) or a State declared disaster''.
            (2) Exception related to personal casualty gains.--Clause (i)
        of section 165(h)(5)(B) is amended by striking ``(as so defined)''
        and inserting ``(as so defined) or a State declared disaster''.
            (3) State declared disaster.--Paragraph (5) of section 165(h)
        is amended by adding at the end the following new subparagraph:
                ``(C) State declared disaster.--For purposes of this
            paragraph--
                    ``(i) In general.--The term `State declared disaster'
                means, with respect to any State, any natural catastrophe
                (including any hurricane, tornado, storm, high water, wind-
                driven water, tidal wave, tsunami, earthquake, volcanic
                eruption, landslide, mudslide, snowstorm, or drought), or,
                regardless of cause, any fire, flood, or explosion, in any
                part of the State, which in the determination of the
                Governor of such State (or the Mayor, in the case of the
                District of Columbia) and the Secretary causes damage of
                sufficient severity and magnitude to warrant the
                application of the rules of this section.
                    ``(ii) State.--The term `State' includes the District
                of Columbia, the Commonwealth of Puerto Rico, the Virgin
                Islands, Guam, American Samoa, and the Commonwealth of the
                Northern Mariana Islands.''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70110. TERMINATION OF MISCELLANEOUS ITEMIZED DEDUCTIONS OTHER THAN
    EDUCATOR EXPENSES.
        (a) In General.--Section 67(g) is amended--
            (1) by striking ``, and before January 1, 2026'', and
            (2) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Deduction for Educator Expenses.--
            (1) In general.--Section 67(b) is amended by striking ``and''
        at the end of paragraph (11), by striking the period at the end of
        paragraph (12) and inserting ``, and'', and by adding at the end
        the following new paragraph:
            ``(13) the deductions allowed by section 162 for educator
        expenses (as defined in subsection (g)).''.
            (2) Inclusion of coaches and certain nonathletic instructional
        equipment.--Section 67 is amended by redesignating subsection (g),
        as amended by this section, as subsection (h), and by inserting
        after subsection (f) the following new section:
        ``(g) Educator Expenses.--For purposes of subsection (b)(13), the
    term `educator expenses' means expenses of a type which would be
    described in section 62(a)(2)(D) if--
            ``(1) such section were applied--
                ``(A) without regard to the dollar limitation,
                ``(B) without regard to `(other than nonathletic supplies
            for courses of instruction in health or physical education)' in
            clause (ii) thereof, and
                ``(C) by substituting `as part of instructional activity'
            for `in the classroom' in clause (ii) thereof, and
            ``(2) section 62(d)(1)(A) were applied by inserting `,
        interscholastic sports administrator or coach,' after
        `counselor'.''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70111. LIMITATION ON TAX BENEFIT OF ITEMIZED DEDUCTIONS.
        (a) In General.--Section 68 is amended to read as follows:
        ``(a) In General.--In the case of an individual, the amount of the
    itemized deductions otherwise allowable for the taxable year
    (determined without regard to this section) shall be reduced by \2/37\
    of the lesser of--
            ``(1) such amount of itemized deductions, or
            ``(2) so much of the taxable income of the taxpayer for the
        taxable year (determined without regard to this section and
        increased by such amount of itemized deductions) as exceeds the
        dollar amount at which the 37 percent rate bracket under section 1
        begins with respect to the taxpayer.
        ``(b) Coordination With Other Limitations.--This section shall be
    applied after the application of any other limitation on the allowance
    of any itemized deduction.''.
        (b) Limitation Not Applicable to Determination of Deduction for
    Qualified Business Income.--
            (1) In general.--Section 199A(e)(1) is amended by inserting
        ``without regard to section 68 and'' after ``shall be computed''.
            (2) Patrons of specified agricultural and horticultural
        cooperatives.--Section 199A(g)(2)(B) is amended by inserting
        ``section 68 or'' after ``without regard to''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70112. EXTENSION AND MODIFICATION OF QUALIFIED TRANSPORTATION
    FRINGE BENEFITS.
        (a) In General.--Section 132(f) is amended--
            (1) by striking subparagraph (D) of paragraph (1),
            (2) in paragraph (2), by inserting ``and'' at the end of
        subparagraph (A), by striking ``, and'' at the end of subparagraph
        (B) and inserting a period, and by striking subparagraph (C),
            (3) by striking ``(other than a qualified bicycle commuting
        reimbursement)'' in paragraph (4),
            (4) by striking subparagraph (F) of paragraph (5), and
            (5) by striking paragraph (8).
        (b) Inflation Adjustment.--Clause (ii) of section 132(f)(6)(A) is
    amended by striking ``1998'' in clause (ii) and inserting ``1997''.
        (c) Coordination With Disallowance of Certain Expenses.--Subsection
    (l) of section 274 is amended--
            (1) by striking ``Benefits.--'' and all that follows through
        ``No deduction'' and inserting ``Benefits.--No deduction'', and
            (2) by striking paragraph (2).
        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70113. EXTENSION AND MODIFICATION OF LIMITATION ON DEDUCTION AND
    EXCLUSION FOR MOVING EXPENSES.
        (a) Extension of Limitation on Deduction.--Section 217(k) is
    amended--
            (1) by striking ``, and before January 1, 2026'', and
            (2) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (b) Allowance of Deduction for Members of the Intelligence
    Community.--Section 217(k), as amended by subsection (a), is further
    amended--
            (1) by striking ``2017.--Except in the case'' and inserting
        ``2017.--
            ``(1) In general.--Except in the case'', and
            (2) by adding at the end the following new paragraph:
            ``(2) Members of the intelligence community.--An employee or
        new appointee of the intelligence community (as defined in section
        3 of the National Security Act of 1947 (50 U.S.C. 3003)) (other
        than a member of the Armed Forces of the United States) who moves
        pursuant to a change in assignment which requires relocation shall
        be treated for purposes of this section in the same manner as an
        individual to whom subsection (g) applies.''.
        (c) Extension of Limitation on Exclusion.--Section 132(g)(2) is
    amended--
            (1) by striking ``, and before January 1, 2026'', and
            (2) by striking ``2018 Through 2025'' in the heading and
        inserting ``Beginning After 2017''.
        (d) Allowance of Exclusion for Members of the Intelligence
    Community.--Section 132(g)(2) of the Internal Revenue Code of 1986 is
    amended by inserting ``, or an employee or new appointee of the
    intelligence community (as defined in section 3 of the National
    Security Act of 1947 (50 U.S.C. 3003)) (other than a member of the
    Armed Forces of the United States) who moves pursuant to a change in
    assignment that requires relocation'' after ``change of station''.
        (e) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70114. EXTENSION AND MODIFICATION OF LIMITATION ON WAGERING
    LOSSES.
        (a) In General.--Section 165 is amended by striking subsection (d)
    and inserting the following:
        ``(d) Wagering Losses.--
            ``(1) In general.--For purposes of losses from wagering
        transactions, the amount allowed as a deduction for any taxable
        year--
                ``(A) shall be equal to 90 percent of the amount of such
            losses during such taxable year, and
                ``(B) shall be allowed only to the extent of the gains from
            such transactions during such taxable year.
            ``(2) Special rule.--For purposes of paragraph (1), the term
        `losses from wagering transactions' includes any deduction
        otherwise allowable under this chapter incurred in carrying on any
        wagering transaction.''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.
    SEC. 70115. EXTENSION AND ENHANCEMENT OF INCREASED LIMITATION ON
    CONTRIBUTIONS TO ABLE ACCOUNTS.
        (a) In General.--Section 529A(b)(2)(B) is amended--
            (1) in clause (i), by inserting ``(determined by substituting
        `1996' for `1997' in paragraph (2)(B) thereof)'' after ``section
        2503(b)'', and
            (2) in clause (ii), by striking ``before January 1, 2026''.
        (b) Effective Dates.--
            (1) In general.--Except as otherwise provided in this
        subsection, the amendments made by this section shall apply to
        contributions made after December 31, 2025.
            (2) Modified inflation adjustment.--The amendment made by
        subsection (a)(1) shall apply to taxable years beginning after
        December 31, 2025.
    SEC. 70116. EXTENSION AND ENHANCEMENT OF SAVERS CREDIT ALLOWED FOR ABLE
    CONTRIBUTIONS.
        (a) Extension.--
            (1) In general.--Section 25B(d)(1) is amended to read as
        follows:
            ``(1) In general.--The term `qualified retirement savings
        contributions' means, with respect to any taxable year, the sum
        of--
                ``(A) the amount of contributions made by the eligible
            individual during such taxable year to the ABLE account (within
            the meaning of section 529A) of which such individual is the
            designated beneficiary, and
                ``(B) in the case of any taxable year beginning before
            January 1, 2027--
                    ``(i) the amount of the qualified retirement
                contributions (as defined in section 219(e)) made by the
                eligible individual,
                    ``(ii) the amount of--

                        ``(I) any elective deferrals (as defined in section
                    402(g)(3)) of such individual, and
                        ``(II) any elective deferral of compensation by
                    such individual under an eligible deferred compensation
                    plan (as defined in section 457(b)) of an eligible
                    employer described in section 457(e)(1)(A), and

                    ``(iii) the amount of voluntary employee contributions
                by such individual to any qualified retirement plan (as
                defined in section 4974(c)).''.
            (2) Coordination with secure 2.0 act of 2022 amendment.--
        Paragraph (1) of section 103(e) of the SECURE 2.0 Act of 2022 is
        repealed, and the Internal Revenue Code of 1986 shall be applied
        and administered as though such paragraph were never enacted.
            (3) Effective date.--The amendments and repeal made by this
        subsection shall apply to taxable years ending after December 31,
        2025.
        (b) Increase of Credit Amount.--
            (1) In general.--Section 25B(a) is amended by striking
        ``$2,000'' and inserting ``$2,100''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to taxable years beginning after December 31, 2026.
    SEC. 70117. EXTENSION OF ROLLOVERS FROM QUALIFIED TUITION PROGRAMS TO
    ABLE ACCOUNTS PERMITTED.
        (a) In General.--Section 529(c)(3)(C)(i)(III) is amended by
    striking ``before January 1, 2026,''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.
    SEC. 70118. EXTENSION OF TREATMENT OF CERTAIN INDIVIDUALS PERFORMING
    SERVICES IN THE SINAI PENINSULA AND ENHANCEMENT TO INCLUDE ADDITIONAL
    AREAS.
        (a) Treatment Made Permanent.--Section 11026(a) of Public Law 115-
    97 is amended by striking ``, with respect to the applicable period''.
        (b) Kenya, Mali, Burkina Faso, and Chad Included as Hazardous Duty
    Areas.--Section 11026(b) of Public Law 115-97 is amended to read as
    follows:
        ``(b) Qualified Hazardous Duty Area.--For purposes of this section,
    the term `qualified hazardous duty area' means each of the following
    locations, but only during the period for which any member of the Armed
    Forces of the United States is entitled to special pay under section
    310 of title 37, United States Code (relating to special pay; duty
    subject to hostile fire or imminent danger), for services performed in
    such location:
            ``(1) the Sinai Peninsula of Egypt.
            ``(2) Kenya.
            ``(3) Mali.
            ``(4) Burkina Faso.
            ``(5) Chad.''.
        (c) Conforming Amendment.--Section 11026 of Public Law 115-97 is
    amended by striking subsections (c) and (d).
        (d) Effective Date.--The amendments made by this section shall take
    effect on January 1, 2026.
    SEC. 70119. EXTENSION AND MODIFICATION OF EXCLUSION FROM GROSS INCOME
    OF STUDENT LOANS DISCHARGED ON ACCOUNT OF DEATH OR DISABILITY.
        (a) In General.--Section 108(f)(5) is amended to read as follows:
            ``(5) Discharges on account of death or disability.--
                ``(A) In general.--In the case of an individual, gross
            income does not include any amount which (but for this
            subsection) would be includible in gross income for such
            taxable year by reason of the discharge (in whole or in part)
            of any loan described in subparagraph (B), if such discharge
            was--
                    ``(i) pursuant to subsection (a) or (d) of section 437
                of the Higher Education Act of 1965 or the parallel benefit
                under part D of title IV of such Act (relating to the
                repayment of loan liability),
                    ``(ii) pursuant to section 464(c)(1)(F) of such Act, or
                    ``(iii) otherwise discharged on account of death or
                total and permanent disability of the student.
                ``(B) Loans discharged.--A loan is described in this
            subparagraph if such loan is--
                    ``(i) a student loan (as defined in paragraph (2)), or
                    ``(ii) a private education loan (as defined in section
                140(a) of the Consumer Credit Protection Act (15 U.S.C.
                1650(a)).
                ``(C) Social security number requirement.--
                    ``(i) In general.--Subparagraph (A) shall not apply
                with respect to any discharge during any taxable year
                unless the taxpayer includes the taxpayer's social security
                number on the return of tax for such taxable year.
                    ``(ii) Social security number.--For purposes of this
                subparagraph, the term `social security number' has the
                meaning given such term in section 24(h)(7).''.
        (b) Omission of Correct Social Security Number Treated as
    Mathematical or Clerical Error.--Section 6213(g)(2), as amended by this
    Act, is further amended by striking ``and'' at the end of subparagraph
    (V), by striking the period at the end of subparagraph (W) and
    inserting ``, and'', and by inserting after subparagraph (W) the
    following new subparagraph:
                ``(X) an omission of a correct social security number
            required under section 108(f)(5)(C) (relating to discharges on
            account of death or disability).''.
        (c) Effective Date.--The amendments made by this section shall
    apply to discharges after December 31, 2025.
    SEC. 70120. LIMITATION ON INDIVIDUAL DEDUCTIONS FOR CERTAIN STATE AND
    LOCAL TAXES, ETC.
        (a) In General.--Section 164(b)(6) is amended--
            (1) by striking ``and before January 1, 2026'', and
            (2) by striking ``$10,000 ($5,000 in the case of a married
        individual filing a separate return)'' and inserting ``the
        applicable limitation amount (half the applicable limitation amount
        in the case of a married individual filing a separate return)''.
        (b) Applicable Limitation Amount.--Section 164(b) is amended by
    adding at the end the following new paragraph:
            ``(7) Applicable limitation amount.--
                ``(A) In general.--For purposes of paragraph (6), the term
            `applicable limitation amount' means--
                    ``(i) in the case of any taxable year beginning in
                calendar year 2025, $40,000,
                    ``(ii) in the case of any taxable year beginning in
                calendar year 2026, $40,400,
                    ``(iii) in the case of any taxable year beginning after
                calendar year 2026 and before 2030, 101 percent of the
                dollar amount in effect under this subparagraph for taxable
                years beginning in the preceding calendar year, and
                    ``(iv) in the case of any taxable year beginning after
                calendar year 2029, $10,000.
                ``(B) Phasedown based on modified adjusted gross income.--
                    ``(i) In general.--Except as provided in clause (iii),
                in the case of any taxable year beginning before January 1,
                2030, the applicable limitation amount shall be reduced by
                30 percent of the excess (if any) of the taxpayer's
                modified adjusted gross income over the threshold amount
                (half the threshold amount in the case of a married
                individual filing a separate return).
                    ``(ii) Threshold amount.--For purposes of this
                subparagraph, the term `threshold amount' means--

                        ``(I) in the case of any taxable year beginning in
                    calendar year 2025, $500,000,
                        ``(II) in the case of any taxable year beginning in
                    calendar year 2026, $505,000, and
                        ``(III) in the case of any taxable year beginning
                    after calendar year 2026, 101 percent of the dollar
                    amount in effect under this subparagraph for taxable
                    years beginning in the preceding calendar year.

                    ``(iii) Limitation on reduction.--The reduction under
                clause (i) shall not result in the applicable limitation
                amount being less than $10,000.
                    ``(iv) Modified adjusted gross income.--For purposes of
                this paragraph, the term `modified adjusted gross income'
                means adjusted gross income increased by any amount
                excluded from gross income under section 911, 931, or
                933.''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.

    CHAPTER 2--DELIVERING ON PRESIDENTIAL PRIORITIES TO PROVIDE NEW MIDDLE-
                                CLASS TAX RELIEF

    SEC. 70201. NO TAX ON TIPS.
        (a) Deduction Allowed.--Part VII of subchapter B of chapter 1 is
    amended by redesignating section 224 as section 225 and by inserting
    after section 223 the following new section:
        ``SEC. 224. QUALIFIED TIPS.
        ``(a) In General.--There shall be allowed as a deduction an amount
    equal to the qualified tips received during the taxable year that are
    included on statements furnished to the individual pursuant to section
    6041(d)(3), 6041A(e)(3), 6050W(f)(2), or 6051(a)(18), or reported by
    the taxpayer on Form 4137 (or successor).
        ``(b) Limitation.--
            ``(1) In general.--The amount allowed as a deduction under this
        section for any taxable year shall not exceed $25,000.
            ``(2) Limitation based on adjusted gross income.--
                ``(A) In general.--The amount allowable as a deduction
            under subsection (a) (after application of paragraph (1)) shall
            be reduced (but not below zero) by $100 for each $1,000 by
            which the taxpayer's modified adjusted gross income exceeds
            $150,000 ($300,000 in the case of a joint return).
                ``(B) Modified adjusted gross income.--For purposes of this
            paragraph, the term `modified adjusted gross income' means the
            adjusted gross income of the taxpayer for the taxable year
            increased by any amount excluded from gross income under
            section 911, 931, or 933.
        ``(c) Tips Received in Course of Trade or Business.--In the case of
    qualified tips received by an individual during any taxable year in the
    course of a trade or business (other than the trade or business of
    performing services as an employee) of such individual, such qualified
    tips shall be taken into account under subsection (a) only to the
    extent that the gross income for the taxpayer from such trade or
    business for such taxable year (including such qualified tips) exceeds
    the sum of the deductions (other than the deduction allowed under this
    section) allocable to the trade or business in which such qualified
    tips are received by the individual for such taxable year.
        ``(d) Qualified Tips.--For purposes of this section--
            ``(1) In general.--The term `qualified tips' means cash tips
        received by an individual in an occupation which customarily and
        regularly received tips on or before December 31, 2024, as provided
        by the Secretary.
            ``(2) Exclusions.--Such term shall not include any amount
        received by an individual unless--
                ``(A) such amount is paid voluntarily without any
            consequence in the event of nonpayment, is not the subject of
            negotiation, and is determined by the payor,
                ``(B) the trade or business in the course of which the
            individual receives such amount is not a specified service
            trade or business (as defined in section 199A(d)(2)), and
                ``(C) such other requirements as may be established by the
            Secretary in regulations or other guidance are satisfied.
        For purposes of subparagraph (B), in the case of an individual
        receiving tips in the trade or business of performing services as
        an employee, such individual shall be treated as receiving tips in
        the course of a trade or business which is a specified service
        trade or business if the trade or business of the employer is a
        specified service trade or business.
            ``(3) Cash tips.--For purposes of paragraph (1), the term `cash
        tips' includes tips received from customers that are paid in cash
        or charged and, in the case of an employee, tips received under any
        tip-sharing arrangement.
        ``(e) Social Security Number Required.--
            ``(1) In general.--No deduction shall be allowed under this
        section unless the taxpayer includes on the return of tax for the
        taxable year such individual's social security number.
            ``(2) Social security number defined.--For purposes of
        paragraph (1), the term `social security number' shall have the
        meaning given such term in section 24(h)(7).
        ``(f) Married Individuals.--If the taxpayer is a married individual
    (within the meaning of section 7703), this section shall apply only if
    the taxpayer and the taxpayer's spouse file a joint return for the
    taxable year.
        ``(g) Regulations.--The Secretary shall prescribe such regulations
    or other guidance as may be necessary to prevent reclassification of
    income as qualified tips, including regulations or other guidance to
    prevent abuse of the deduction allowed by this section.
        ``(h) Termination.--No deduction shall be allowed under this
    section for any taxable year beginning after December 31, 2028.''.
        (b) Deduction Allowed to Non-itemizers.--Section 63(b) is amended
    by striking ``and'' at the end of paragraph (3), by striking the period
    at the end of paragraph (4) and inserting ``, and'', and by adding at
    the end the following new paragraph:
            ``(5) the deduction provided in section 224.''.
        (c) Omission of Correct Social Security Number Treated as
    Mathematical or Clerical Error.--Section 6213(g)(2), as amended by the
    preceding provisions of this Act, is amended by striking ``and'' at the
    end of subparagraph (W), by striking the period at the end of
    subparagraph (X) and inserting ``, and'', and by inserting after
    subparagraph (X) the following new subparagraph:
                ``(Y) an omission of a correct social security number
            required under section 224(e) (relating to deduction for
            qualified tips).''.
        (d) Exclusion From Qualified Business Income.--Section 199A(c)(4)
    is amended by striking ``and'' at the end of subparagraph (B), by
    striking the period at the end of subparagraph (C) and inserting ``,
    and'', and by adding at the end the following new subparagraph:
                ``(D) any amount with respect to which a deduction is
            allowable to the taxpayer under section 224(a) for the taxable
            year.''.
        (e) Extension of Tip Credit to Beauty Service Business.--
            (1) In general.--Section 45B(b)(2) is amended to read as
        follows:
            ``(2) Application only to certain lines of business.--In
        applying paragraph (1) there shall be taken into account only tips
        received from customers or clients in connection with the following
        services:
                ``(A) The providing, delivering, or serving of food or
            beverages for consumption, if the tipping of employees
            delivering or serving food or beverages by customers is
            customary.
                ``(B) The providing of any of the following services to a
            customer or client if the tipping of employees providing such
            services is customary:
                    ``(i) Barbering and hair care.
                    ``(ii) Nail care.
                    ``(iii) Esthetics.
                    ``(iv) Body and spa treatments.''.
            (2) Credit determined with respect to minimum wage in effect.--
        Section 45B(b)(1)(B) is amended--
                (A) by striking ``as in effect on January 1, 2007, and'',
            and
                (B) by inserting ``, and in the case of food or beverage
            establishments, as in effect on January 1, 2007'' after
            ``without regard to section 3(m) of such Act''.
        (f) Reporting Requirements.--
            (1) Returns for payments made in the course of a trade or
        business.--
                (A) Statement furnished to secretary.--Section 6041(a) is
            amended by inserting ``(including a separate accounting of any
            such amounts reasonably designated as cash tips and the
            occupation described in section 224(d)(1) of the person
            receiving such tips)'' after ``such gains, profits, and
            income''.
                (B) Statement furnished to payee.--Section 6041(d) is
            amended by striking ``and'' at the end of paragraph (1), by
            striking the period at the end of paragraph (2) and inserting
            ``, and'', and by inserting after paragraph (2) the following
            new paragraph:
            ``(3) in the case of compensation to non-employees, the portion
        of payments that have been reasonably designated as cash tips and
        the occupation described in section 224(d)(1) of the person
        receiving such tips.''.
            (2) Returns for payments made for services and direct sales.--
                (A) Statement furnished to secretary.--Section 6041A(a) is
            amended by inserting ``(including a separate accounting of any
            such amounts reasonably designated as cash tips and the
            occupation described in section 224(d)(1) of the person
            receiving such tips)'' after ``amount of such payments''.
                (B) Statement furnished to payee.--Section 6041A(e) is
            amended by striking ``and'' at the end of paragraph (1), by
            striking the period at the end of paragraph (2) and inserting
            ``, and'', and by inserting after paragraph (2) the following
            new paragraph:
            ``(3) in the case of subsection (a), the portion of payments
        that have been reasonably designated as cash tips and the
        occupation described in section 224(d)(1) of the person receiving
        such tips.''.
            (3) Returns relating to third party settlement organizations.--
                (A) Statement furnished to secretary.--Section 6050W(a) is
            amended by striking ``and'' at the end of paragraph (1), by
            striking the period at the end of paragraph (2) and inserting
            ``and'', and by adding at the end the following new paragraph:
            ``(3) in the case of a third party settlement organization, the
        portion of reportable payment transactions that have been
        reasonably designated by payors as cash tips and the occupation
        described in section 224(d)(1) of the person receiving such
        tips.''.
                (B) Statement furnished to payee.--Section 6050W(f)(2) is
            amended by inserting ``(including a separate accounting of any
            such amounts that have been reasonably designated by payors as
            cash tips and the occupation described in section 224(d)(1) of
            the person receiving such tips)'' after ``reportable payment
            transactions''.
            (4) Returns related to wages.--Section 6051(a) is amended by
        striking ``and'' at the end of paragraph (16), by striking the
        period at the end of paragraph (17) and inserting ``, and'', and by
        inserting after paragraph (17) the following new paragraph:
            ``(18) the total amount of cash tips reported by the employee
        under section 6053(a) and the occupation described in section
        224(d)(1) such person.''.
        (g) Clerical Amendment.--The table of sections for part VII of
    subchapter B of chapter 1 is amended by redesignating the item relating
    to section 224 as relating to section 225 and by inserting after the
    item relating to section 223 the following new item:
    ``Sec. 224. Qualified tips.''.

        (h) Published List of Occupations Traditionally Receiving Tips.--
    Not later than 90 days after the date of the enactment of this Act, the
    Secretary of the Treasury (or the Secretary's delegate) shall publish a
    list of occupations which customarily and regularly received tips on or
    before December 31, 2024, for purposes of section 224(d)(1) of the
    Internal Revenue Code of 1986 (as added by subsection (a)).
        (i) Withholding.--The Secretary of the Treasury (or the Secretary's
    delegate) shall modify the procedures prescribed under section 3402(a)
    of the Internal Revenue Code of 1986 for taxable years beginning after
    December 31, 2025, to take into account the deduction allowed under
    section 224 of such Code (as added by this Act).
        (j) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
        (k) Transition Rule.--In the case of any cash tips required to be
    reported for periods before January 1, 2026, persons required to file
    returns or statements under section 6041(a), 6041(d)(3), 6041A(a),
    6041A(e)(3), 6050W(a), or 6050W(f)(2) of the Internal Revenue Code of
    1986 (as amended by this section) may approximate a separate accounting
    of amounts designated as cash tips by any reasonable method specified
    by the Secretary.
    SEC. 70202. NO TAX ON OVERTIME.
        (a) Deduction Allowed.--Part VII of subchapter B of chapter 1, as
    amended by the preceding provisions of this Act, is amended by
    redesignating section 225 as section 226 and by inserting after section
    224 the following new section:
        ``SEC. 225. QUALIFIED OVERTIME COMPENSATION.
        ``(a) In General.--There shall be allowed as a deduction an amount
    equal to the qualified overtime compensation received during the
    taxable year and included on statements furnished to the individual
    pursuant to section 6041(d)(4) or 6051(a)(19).
        ``(b) Limitation.--
            ``(1) In general.--The amount allowed as a deduction under this
        section for any taxable year shall not exceed $12,500 ($25,000 in
        the case of a joint return).
            ``(2) Limitation based on adjusted gross income.--
                ``(A) In general.--The amount allowable as a deduction
            under subsection (a) (after application of paragraph (1)) shall
            be reduced (but not below zero) by $100 for each $1,000 by
            which the taxpayer's modified adjusted gross income exceeds
            $150,000 ($300,000 in the case of a joint return).
                ``(B) Modified adjusted gross income.--For purposes of this
            paragraph, the term `modified adjusted gross income' means the
            adjusted gross income of the taxpayer for the taxable year
            increased by any amount excluded from gross income under
            section 911, 931, or 933.
        ``(c) Qualified Overtime Compensation.--
            ``(1) In general.--For purposes of this section, the term
        `qualified overtime compensation' means overtime compensation paid
        to an individual required under section 7 of the Fair Labor
        Standards Act of 1938 that is in excess of the regular rate (as
        used in such section) at which such individual is employed.
            ``(2) Exclusions.--Such term shall not include any qualified
        tip (as defined in section 224(d)).
        ``(d) Social Security Number Required.--
            ``(1) In general.--No deduction shall be allowed under this
        section unless the taxpayer includes on the return of tax for the
        taxable year such individual's social security number.
            ``(2) Social security number defined.--For purposes of
        paragraph (1), the term `social security number' shall have the
        meaning given such term in section 24(h)(7).
        ``(e) Married Individuals.--If the taxpayer is a married individual
    (within the meaning of section 7703), this section shall apply only if
    the taxpayer and the taxpayer's spouse file a joint return for the
    taxable year.
        ``(f) Regulations.--The Secretary shall issue such regulations or
    other guidance as may be necessary or appropriate to carry out the
    purposes of this section, including regulations or other guidance to
    prevent abuse of the deduction allowed by this section.
        ``(g) Termination.--No deduction shall be allowed under this
    section for any taxable year beginning after December 31, 2028.''.
        (b) Deduction Allowed to Non-itemizers.--Section 63(b), as amended
    by the preceding provisions of this Act, is amended by striking ``and''
    at the end of paragraph (4), by striking the period at the end of
    paragraph (5) and inserting ``, and'', and by adding at the end the
    following new paragraph:
            ``(6) the deduction provided in section 225.''.
        (c) Reporting.--
            (1) Requirement to include overtime compensation on w-2.--
        Section 6051(a), as amended by the preceding provision of this Act,
        is amended by striking ``and'' at the end of paragraph (17), by
        striking the period at the end of paragraph (18) and inserting ``,
        and'', and by inserting after paragraph (18) the following new
        paragraph:
            ``(19) the total amount of qualified overtime compensation (as
        defined in section 225(c)).''.
            (2) Payments to persons not treated as employees under tax
        laws.--
                (A) Statement furnished to secretary.--Section 6041(a), as
            amended by section 70201(e)(1)(A), is amended by inserting
            ``and a separate accounting of any amount of qualified overtime
            compensation (as defined in section 225(c))'' after
            ``occupation of the person receiving such tips''.
                (B) Statement furnished to payee.--Section 6041(d), as
            amended by section 70201(e)(1)(B), is amended by striking
            ``and'' at the end of paragraph (2), by striking the period at
            the end of paragraph (3) and inserting ``, and'', and by
            inserting after paragraph (3) the following new paragraph:
            ``(4) the portion of payments that are qualified overtime
        compensation (as defined in section 225(c)).''.
        (d) Omission of Correct Social Security Number Treated as
    Mathematical or Clerical Error.--Section 6213(g)(2), as amended by the
    preceding provisions of this Act, is amended by striking ``and'' at the
    end of subparagraph (X), by striking the period at the end of
    subparagraph (Y) and inserting ``, and'', and by inserting after
    subparagraph (Y) the following new subparagraph:
                ``(Z) an omission of a correct social security number
            required under section 225(d) (relating to deduction for
            qualified overtime).''.
        (e) Clerical Amendment.--The table of sections for part VII of
    subchapter B of chapter 1, as amended by the preceding provisions of
    this Act, is amended by redesignating the item relating to section 225
    as an item relating to section 226 and by inserting after the item
    relating to section 224 the following new item:
    ``Sec. 225. Qualified overtime compensation.''.

        (f) Withholding.--The Secretary of the Treasury (or the Secretary's
    delegate) shall modify the procedures prescribed under section 3402(a)
    of the Internal Revenue Code of 1986 for taxable years beginning after
    December 31, 2025, to take into account the deduction allowed under
    section 225 of such Code (as added by this Act).
        (g) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
        (h) Transition Rule.--In the case of qualified overtime
    compensation required to be reported for periods before January 1,
    2026, persons required to file returns or statements under section
    6051(a)(19), 6041(a), or 6041(d)(4) of the Internal Revenue Code of
    1986 (as amended by this section) may approximate a separate accounting
    of amounts designated as qualified overtime compensation by any
    reasonable method specified by the Secretary.
    SEC. 70203. NO TAX ON CAR LOAN INTEREST.
        (a) In General.--Section 163(h) is amended by redesignating
    paragraph (4) as paragraph (5) and by inserting after paragraph (3) the
    following new paragraph:
            ``(4) Special rules for taxable years 2025 through 2028
        relating to qualified passenger vehicle loan interest.--
                ``(A) In general.--In the case of taxable years beginning
            after December 31, 2024, and before January 1, 2029, for
            purposes of this subsection the term `personal interest' shall
            not include qualified passenger vehicle loan interest.
                ``(B) Qualified passenger vehicle loan interest defined.--
                    ``(i) In general.--For purposes of this paragraph, the
                term `qualified passenger vehicle loan interest' means any
                interest which is paid or accrued during the taxable year
                on indebtedness incurred by the taxpayer after December 31,
                2024, for the purchase of, and that is secured by a first
                lien on, an applicable passenger vehicle for personal use.
                    ``(ii) Exceptions.--Such term shall not include any
                amount paid or incurred on any of the following:

                        ``(I) A loan to finance fleet sales.
                        ``(II) A loan incurred for the purchase of a
                    commercial vehicle that is not used for personal
                    purposes.
                        ``(III) Any lease financing.
                        ``(IV) A loan to finance the purchase of a vehicle
                    with a salvage title.
                        ``(V) A loan to finance the purchase of a vehicle
                    intended to be used for scrap or parts.

                    ``(iii) VIN requirement.--Interest shall not be treated
                as qualified passenger vehicle loan interest under this
                paragraph unless the taxpayer includes the vehicle
                identification number of the applicable passenger vehicle
                described in clause (i) on the return of tax for the
                taxable year.
                ``(C) Limitations.--
                    ``(i) Dollar limit.--The amount of interest taken into
                account by a taxpayer under subparagraph (B) for any
                taxable year shall not exceed $10,000.
                    ``(ii) Limitation based on modified adjusted gross
                income.--

                        ``(I) In general.--The amount which is otherwise
                    allowable as a deduction under subsection (a) as
                    qualified passenger vehicle loan interest (determined
                    without regard to this clause and after the application
                    of clause (i)) shall be reduced (but not below zero) by
                    $200 for each $1,000 (or portion thereof) by which the
                    modified adjusted gross income of the taxpayer for the
                    taxable year exceeds $100,000 ($200,000 in the case of
                    a joint return).
                        ``(II) Modified adjusted gross income.--For
                    purposes of this clause, the term `modified adjusted
                    gross income' means the adjusted gross income of the
                    taxpayer for the taxable year increased by any amount
                    excluded from gross income under section 911, 931, or
                    933.

                ``(D) Applicable passenger vehicle.--The term `applicable
            passenger vehicle' means any vehicle--
                    ``(i) the original use of which commences with the
                taxpayer,
                    ``(ii) which is manufactured primarily for use on
                public streets, roads, and highways (not including a
                vehicle operated exclusively on a rail or rails),
                    ``(iii) which has at least 2 wheels,
                    ``(iv) which is a car, minivan, van, sport utility
                vehicle, pickup truck, or motorcycle,
                    ``(v) which is treated as a motor vehicle for purposes
                of title II of the Clean Air Act, and
                    ``(vi) which has a gross vehicle weight rating of less
                than 14,000 pounds.
            Such term shall not include any vehicle the final assembly of
            which did not occur within the United States.
                ``(E) Other definitions and special rules.--For purposes of
            this paragraph--
                    ``(i) Final assembly.--For purposes of subparagraph
                (D), the term `final assembly' means the process by which a
                manufacturer produces a vehicle at, or through the use of,
                a plant, factory, or other place from which the vehicle is
                delivered to a dealer with all component parts necessary
                for the mechanical operation of the vehicle included with
                the vehicle, whether or not the component parts are
                permanently installed in or on the vehicle.
                    ``(ii) Treatment of refinancing.--Indebtedness
                described in subparagraph (B) shall include indebtedness
                that results from refinancing any indebtedness described in
                such subparagraph, and that is secured by a first lien on
                the applicable passenger vehicle with respect to which the
                refinanced indebtedness was incurred, but only to the
                extent the amount of such resulting indebtedness does not
                exceed the amount of such refinanced indebtedness.
                    ``(iii) Related parties.--Indebtedness described in
                subparagraph (B) shall not include any indebtedness owed to
                a person who is related (within the meaning of section
                267(b) or 707(b)(1)) to the taxpayer.''.
        (b) Deduction Allowed to Non-itemizers.--Section 63(b), as amended
    by the preceding provisions of this Act, is amended by striking ``and''
    at the end of paragraph (5), by striking the period at the end of
    paragraph (6) and inserting ``and'', and by adding at the end the
    following new paragraph:
            ``(7) so much of the deduction allowed by section 163(a) as is
        attributable to the exception under section 163(h)(4)(A).''.
        (c) Reporting.--
            (1) In general.--Subpart B of part III of subchapter A of
        chapter 61 is amended by adding at the end the following new
        section:
    ``SEC. 6050AA. RETURNS RELATING TO APPLICABLE PASSENGER VEHICLE LOAN
    INTEREST RECEIVED IN TRADE OR BUSINESS FROM INDIVIDUALS.
        ``(a) In General.--Any person--
            ``(1) who is engaged in a trade or business, and
            ``(2) who, in the course of such trade or business, receives
        from any individual interest aggregating $600 or more for any
        calendar year on a specified passenger vehicle loan,
    shall make the return described in subsection (b) with respect to each
    individual from whom such interest was received at such time as the
    Secretary may provide.
        ``(b) Form and Manner of Returns.--A return is described in this
    subsection if such return--
            ``(1) is in such form as the Secretary may prescribe, and
            ``(2) contains--
                ``(A) the name and address of the individual from whom the
            interest described in subsection (a)(2) was received,
                ``(B) the amount of such interest received for the calendar
            year,
                ``(C) the amount of outstanding principal on the specified
            passenger vehicle loan as of the beginning of such calendar
            year,
                ``(D) the date of the origination of such loan,
                ``(E) the year, make, model, and vehicle identification
            number of the applicable passenger vehicle which secures such
            loan (or such other description of such vehicle as the
            Secretary may prescribe), and
                ``(F) such other information as the Secretary may
            prescribe.
        ``(c) Statements to Be Furnished to Individuals With Respect to
    Whom Information Is Required.--Every person required to make a return
    under subsection (a) shall furnish to each individual whose name is
    required to be set forth in such return a written statement showing--
            ``(1) the name, address, and phone number of the information
        contact of the person required to make such return, and
            ``(2) the information described in subparagraphs (B), (C), (D),
        and (E) of subsection (b)(2) with respect to such individual (and
        such information as is described in subsection (b)(2)(F) with
        respect to such individual as the Secretary may provide for
        purposes of this subsection).
    The written statement required under the preceding sentence shall be
    furnished on or before January 31 of the year following the calendar
    year for which the return under subsection (a) was required to be made.
        ``(d) Definitions.--For purposes of this section--
            ``(1) In general.--Terms used in this section which are also
        used in paragraph (4) of section 163(h) shall have the same meaning
        as when used in such paragraph.
            ``(2) Specified passenger vehicle loan.--The term `specified
        passenger vehicle loan' means the indebtedness described in section
        163(h)(4)(B) with respect to any applicable passenger vehicle.
        ``(e) Regulations.--The Secretary shall issue such regulations or
    other guidance as may be necessary or appropriate to carry out the
    purposes of this section, including regulations or other guidance to
    prevent the duplicate reporting of information under this section.
        ``(f) Applicability.--No return shall be required under this
    section for any period to which section 163(h)(4) does not apply.''.
            (2) Penalties.--Section 6724(d) is amended--
                (A) in paragraph (1)(B), by striking ``or'' at the end of
            clause (xxvii), by striking ``and'' at the end of clause
            (xxviii) and inserting ``or'', and by adding at the end the
            following new clause:
                    ``(xxix) section 6050AA(a) (relating to returns
                relating to applicable passenger vehicle loan interest
                received in trade or business from individuals),'', and
                (B) in paragraph (2), by striking ``or'' at the end of
            subparagraph (KK), by striking the period at the end of
            subparagraph (LL) and inserting ``, or'', and by inserting
            after subparagraph (LL) the following new subparagraph:
                ``(MM) section 6050AA(c) (relating to statements relating
            to applicable passenger vehicle loan interest received in trade
            or business from individuals).''.
        (d) Conforming Amendments.--
            (1) Section 56(e)(1)(B) is amended by striking ``section
        163(h)(4)'' and inserting ``section 163(h)(5)''.
            (2) The table of sections for subpart B of part III of
        subchapter A of chapter 61 is amended by adding at the end the
        following new item:
    ``Sec. 6050AA. Returns relating to applicable passenger vehicle loan
              interest received in trade or business from individuals.''.

        (e) Effective Date.--The amendments made by this section shall
    apply to indebtedness incurred after December 31, 2024.
    SEC. 70204. TRUMP ACCOUNTS AND CONTRIBUTION PILOT PROGRAM.
        (a) Trump Accounts.--
            (1) In general.--Subchapter F of chapter 1 is amended by adding
        at the end the following new part:

                           ``PART IX--TRUMP ACCOUNTS

    ``Sec. 530A. Trump accounts.

    ``SEC. 530A. TRUMP ACCOUNTS.
        ``(a) General Rule.--Except as provided in this section or under
    regulations or guidance established by the Secretary, a Trump account
    shall be treated for purposes of this title in the same manner as an
    individual retirement account under section 408(a).
        ``(b) Trump Account.--For purposes of this section--
            ``(1) In general.--The term `Trump account' means an individual
        retirement account (as defined in section 408(a)) which is not
        designated as a Roth IRA and which meets the following
        requirements:
                ``(A) The account--
                    ``(i) is created or organized by the Secretary for the
                exclusive benefit of an eligible individual or such
                eligible individual's beneficiaries, or
                    ``(ii) is--

                        ``(I) created or organized in the United States for
                    the exclusive benefit of an individual who has not
                    attained the age of 18 before the end of the calendar
                    year, or such individual's beneficiaries, and
                        ``(II) funded by a qualified rollover contribution.

                ``(B) The account is designated (in such manner as the
            Secretary shall prescribe) at the time of the establishment of
            the account as a Trump account.
                ``(C) The written governing instrument creating the account
            meets the following requirements:
                    ``(i) No contribution will be accepted--

                        ``(I) before the date that is 12 months after the
                    date of the enactment of this section, or
                        ``(II) in the case of a contribution made in any
                    calendar year before the calendar year in which the
                    account beneficiary attains age 18, if such
                    contribution would result in aggregate contributions
                    (other than exempt contributions) for such calendar
                    year in excess of the contribution limit specified in
                    subsection (c)(2)(A).

                    ``(ii) Except as provided in subsection (d), no
                distribution will be allowed before the first day of the
                calendar year in which the account beneficiary attains age
                18.
                    ``(iii) No part of the account funds will be invested
                in any asset other than an eligible investment during any
                period before the first day of the calendar year in which
                the account beneficiary attains age 18.
            ``(2) Eligible individual.--The term `eligible individual'
        means any individual--
                ``(A) who has not attained the age of 18 before the close
            of the calendar year in which the election under subparagraph
            (C) is made,
                ``(B) for whom a social security number (within the meaning
            of section 24(h)(7)) has been issued before the date on which
            an election under subsection (C) is made, and
                ``(C) for whom--
                    ``(i) an election is made under this subparagraph by
                the Secretary if the Secretary determines (based on
                information available to the Secretary from tax returns or
                otherwise) that such individual meets the requirements of
                subparagraphs (A) and (B) and no prior election has been
                made for such individual under clause (ii), or
                    ``(ii) an election is made under this subparagraph by a
                person other than the Secretary (at such time and in such
                manner as the Secretary may prescribe) for the
                establishment of a Trump account if no prior election has
                been made for such individual under clause (i).
            ``(3) Eligible investment.--
                ``(A) In general.--The term `eligible investment' means any
            mutual fund or exchange traded fund which--
                    ``(i) tracks the returns of a qualified index,
                    ``(ii) does not use leverage,
                    ``(iii) does not have annual fees and expenses of more
                than 0.1 percent of the balance of the investment in the
                fund, and
                    ``(iv) meets such other criteria as the Secretary
                determines appropriate for purposes of this section.
                ``(B) Qualified index.--The term `qualified index' means--
                    ``(i) the Standard and Poor's 500 stock market index,
                or
                    ``(ii) any other index--

                        ``(I) which is comprised of equity investments in
                    primarily United States companies, and
                        ``(II) for which regulated futures contracts (as
                    defined in section 1256(g)(1)) are traded on a
                    qualified board or exchange (as defined in section
                    1256(g)(7)).

                Such term shall not include any industry or sector-specific
                index, but may include an index based on market
                capitalization.
            ``(4) Account beneficiary.--The term `account beneficiary'
        means the individual on whose behalf the Trump account was
        established.
        ``(c) Treatment of Contributions.--
            ``(1) No deduction allowed.--No deduction shall be allowed
        under section 219 for any contribution which is made before the
        first day of the calendar year in which the account beneficiary
        attains age 18.
            ``(2) Contribution limit.--In the case of any contribution made
        before the calendar year in which the account beneficiary attains
        age 18--
                ``(A) In general.--The aggregate amount of contributions
            (other than exempt contributions) for such calendar year shall
            not exceed $5,000.
                ``(B) Exempt contribution.--For purposes of this paragraph,
            the term `exempt contribution' means--
                    ``(i) a qualified rollover contribution,
                    ``(ii) any qualified general contribution, or
                    ``(iii) any contribution provided under section 6434.
                ``(C) Cost-of-living adjustment.--
                    ``(i) In general.--In the case of any taxable year
                after 2027, the $5,000 amount under subparagraph (A) shall
                be increased by an amount equal to--

                        ``(I) such dollar amount, multiplied by
                        ``(II) the cost-of-living adjustment determined
                    under section 1(f)(3) for the calendar year in which
                    the taxable year begins, determined by substituting
                    `calendar year 2026' for `calendar year 2016' in
                    subparagraph (A)(ii) thereof.

                    ``(ii) Rounding.--If any increase under this
                subparagraph is not a multiple of $100, such amount shall
                be rounded to the next lowest multiple of $100.
            ``(3) Timing of contributions.--Section 219(f)(3) shall not
        apply to any contribution made to a Trump account for any taxable
        year ending before the calendar year in which the account
        beneficiary attains age 18.
        ``(d) Distributions.--
            ``(1) In general.--Except as otherwise provided in this
        subsection, no distribution shall be allowed before the first day
        of the calendar year in which the account beneficiary attains age
        18.
            ``(2) Tax treatment of allowable distributions.--For purposes
        of applying section 72 to any amount distributed from a Trump
        account, the investment in the contract shall not include--
                ``(A) any qualified general contribution,
                ``(B) any contribution provided under section 6434, and
                ``(C) the amount of any contribution which is excluded from
            gross income under section 128.
            ``(3) Qualified rollover contributions.--Paragraph (1) shall
        not apply to any distribution which is a qualified rollover
        contribution and the amount of such distribution shall not be
        included in the gross income of the beneficiary.
            ``(4) Qualified able rollover contributions.--
                ``(A) In general.--Paragraph (1) shall not apply to any
            distribution which is a qualified ABLE rollover contribution
            and the amount of such distribution shall not be included in
            the gross income of the beneficiary.
                ``(B) Qualified able rollover contribution.--For purposes
            of this section, the term `qualified ABLE rollover
            contribution' means an amount which is paid during the calendar
            year in which the account beneficiary attains age 17 in a
            direct trustee-to-trustee transfer from a Trump account
            maintained for the benefit of the account beneficiary to an
            ABLE account (as defined in section 529A(e)(6)) for the benefit
            of the such account beneficiary, but only if the amount of such
            payment is equal to the entire balance of the Trump account
            from which the payment is made.
            ``(5) Distributions of excess contributions.--In the case of
        any contribution which is made before the calendar year in which
        the account beneficiary attains age 18 and which is in excess of
        the limitation in effect under subsection (c)(2)(A) for the
        calendar year--
                ``(A) paragraph (1) shall not apply to the distribution of
            such excess,
                ``(B) the amount of such distribution shall not be included
            in gross income of the account beneficiary, and
                ``(C) the tax imposed by this chapter on the distributee
            for the taxable year in which the distribution is made shall be
            increased by 100 percent of the amount of net income
            attributable to such excess (determined without regard to
            subparagraph (B)).
            ``(6) Treatment of death of account beneficiary.--If, by reason
        of the death of the account beneficiary before the first day of the
        calendar year in which the account beneficiary attains age 18, any
        person acquires the account beneficiary's interest in the Trump
        account--
                ``(A) paragraph (1) shall not apply,
                ``(B) such account shall cease to be a Trump account as of
            the date of death, and
                ``(C) an amount equal to the fair market value of the
            assets (reduced by the investment in the contract) in such
            account on such date shall--
                    ``(i) if such person is not the estate of such
                beneficiary, be includible in such person's gross income
                for the taxable year which includes such date, or
                    ``(ii) if such person is the estate of such
                beneficiary, be includible in such beneficiary's gross
                income for the last taxable year of such beneficiary.
        ``(e) Qualified Rollover Contribution.--For purposes of this
    section, the term `qualified rollover contribution' means an amount
    which is paid in a direct trustee-to-trustee transfer from a Trump
    account maintained for the benefit of the account beneficiary to a
    Trump account maintained for such beneficiary, but only if the amount
    of such payment is equal to the entire balance of the Trump account
    from which the payment is made.
        ``(f) Qualified General Contribution.--For purposes of this
    section--
            ``(1) In general.--The term `qualified general contribution'
        means any contribution which--
                ``(A) is made by the Secretary pursuant to a general
            funding contribution,
                ``(B) is made to the Trump account of an account
            beneficiary in the qualified class of account beneficiaries
            specified in the general funding contribution, and
                ``(C) is in an amount which is equal to the ratio of--
                    ``(i) the amount of such general funding contribution,
                to
                    ``(ii) the number of account beneficiaries in such
                qualified class.
            ``(2) General funding contribution.--The term `general funding
        contribution' means a contribution which--
                ``(A) is made by--
                    ``(i) an entity described in section 170(c)(1) (other
                than a possession of the United States or a political
                subdivision thereof) or an Indian tribal government, or
                    ``(ii) an organization described in section 501(c)(3)
                and exempt from tax under section 501(a), and
                ``(B) which specifies a qualified class of account
            beneficiaries to whom such contribution is to be distributed.
            ``(3) Qualified class.--
                ``(A) In general.--The term `qualified class' means any of
            the following:
                    ``(i) All account beneficiaries who have not attained
                the age of 18 before the close of the calendar year in
                which the contribution is made.
                    ``(ii) All account beneficiaries who have not attained
                the age of 18 before the close of the calendar year in
                which the contribution is made and who reside in one or
                more States or other qualified geographic areas specified
                by the terms of the general funding contribution.
                    ``(iii) All account beneficiaries who have not attained
                the age of 18 before the close of the calendar year in
                which the contribution is made and who were born in one or
                more calendar years specified by the terms of the general
                funding contribution.
                ``(B) Qualified geographic area.--The term `qualified
            geographic area' means any geographic area in which not less
            than 5,000 account beneficiaries reside and which is designated
            by the Secretary as a qualified geographic area under this
            subparagraph.
        ``(g) Trustee Selection.--In the case of any Trump account created
    or organized by the Secretary, the Secretary shall take into account
    the following criteria in selecting the trustee:
            ``(1) The history of reliability and regulatory compliance of
        the trustee.
            ``(2) The customer service experience of the trustee.
            ``(3) The costs imposed by the trustee on the account or the
        account beneficiary.
        ``(h) Other Special Rules and Coordination With Individual
    Retirement Account Rules.--
            ``(1) In general.--The rules of subsections (k) and (p) of
        section 408 shall not apply to a Trump account, and the rules of
        subsections (d) and (i) of section 408 shall not apply to a Trump
        account for any taxable year beginning before the calendar year in
        which the account beneficiary attains age 18.
            ``(2) Custodial accounts.--In the case of a Trump account,
        section 408(h) shall be applied by substituting `a Trump account
        described in section 530A(b)(1)' for `an individual retirement
        account described in subsection (a)'.
            ``(3) Contributions.--In the case of any taxable year beginning
        before the first day of the calendar year in which the account
        beneficiary attains age 18, a contribution to a Trump account shall
        not be taken into account in applying any contribution limit to any
        individual retirement plan other than a Trump account.
            ``(4) Distributions.--Section 408(d)(2) shall be applied
        separately with respect to Trump Accounts and other individual
        retirement plans.
            ``(5) Excess contributions.--For purposes of applying section
        4973(b) to a Trump account for any taxable year beginning before
        the first day of the calendar year in which the account beneficiary
        attains age 18, the term `excess contributions' means the sum of--
                ``(A) the amount by which the amount contributed to the
            account for the calendar year in which taxable year begins
            exceeds the amount permitted to be contributed to the account
            under subsection (c)(2), and
                ``(B) the amount determined under this paragraph for the
            preceding taxable year.
        For purposes of this paragraph, the excess contributions for a
        taxable year are reduced by the distributions to which subsection
        (d)(5) applies that are made during the taxable year or by the date
        prescribed by law (including extensions of time) for filing the
        account beneficiary's return for the taxable year.
        ``(i) Reports.--
            ``(1) In general.--The trustee of a Trump account shall make
        such reports regarding such account to the Secretary and to the
        beneficiary of the account at such time and in such manner as may
        be required by the Secretary. Such reports shall include
        information with respect to--
                ``(A) contributions (including the amount and source of any
            contribution in excess of $25 made from a person other than the
            Secretary, the account beneficiary, or the parent or legal
            guardian of the account beneficiary),
                ``(B) distributions (including distributions which are
            qualified rollover contributions),
                ``(C) the fair market value of the account,
                ``(D) the investment in the contract with respect to such
            account, and
                ``(E) such other matters as the Secretary may require.
            ``(2) Qualified rollover contributions.--Not later than 30 days
        after the date of any qualified rollover contribution, the trustee
        of the Trump account to which the contribution was made shall make
        a report to the Secretary. Such report shall include--
                ``(A) the name, address, and social security number of the
            account beneficiary,
                ``(B) the name and address of such trustee,
                ``(C) the account number,
                ``(D) the routing number of the trustee, and
                ``(E) such other information as the Secretary may require.
            ``(3) Period of reporting.--This subsection shall not apply to
        any period after the calendar year in which the beneficiary attains
        age 17.''.
            (2) Qualified able rollover contributions exempt from able
        contribution limitation.--
                (A) In general.--Section 529A(b)(2)(B) is amended by
            inserting ``or received in a qualified ABLE rollover
            contribution described in section 530A(d)(4)(B)'' after
            ``except as provided in the case of contributions under
            subsection (c)(1)(C)''.
                (B) Prohibition on excess contributions.--The second
            sentence of section 529A(b)(6) is amended by inserting ``but do
            not include any contributions received in a qualified ABLE
            rollover contribution described in section 530A(d)(4)(B)''
            before the period at the end.
                (C) Conforming amendment.--Section 4973(h)(1) is amended by
            inserting ``or contributions received in a qualified ABLE
            rollover contribution described in section 530A(d)(4)(B)''
            after ``other than contributions under section 529A(c)(1)(C)''.
            (3) Failure to provide reports on trump accounts.--Section
        6693(a)(2) is amended by striking ``and'' at the end of
        subparagraph (E), by striking the period at the end of subparagraph
        (F) and inserting ``, and'', and by inserting after subparagraph
        (F) the following new subparagraph:
                ``(G) section 530A(i) (relating to Trump accounts).''.
            (4) Clerical amendment.--
                (A) The table of parts for subchapter F of chapter 1 is
            amended by adding at the end the following new item:

                          ``PART IX--Trump Accounts''.

        (b) Employer Contributions.--
            (1) In general.--Part III of subchapter B of chapter 1 is
        amended by inserting after section 127 the following new section:
        ``SEC. 128. EMPLOYER CONTRIBUTIONS TO TRUMP ACCOUNTS.
        ``(a) In General.--Gross income of an employee does not include
    amounts paid by the employer as a contribution to the Trump account of
    such employee or of any dependent of such employee if the amounts are
    paid or incurred pursuant to a program which is described in subsection
    (c).
        ``(b) Limitation.--
            ``(1) In general.--The amount which may be excluded under
        subsection (a) with respect to any employee shall not exceed
        $2,500.
            ``(2) Inflation adjustment.--
                ``(A) In general.--In the case of any taxable year
            beginning after 2027, the $2,500 amount in paragraph (1) shall
            be increased by an amount equal to--
                    ``(i) such dollar amount, multiplied by
                    ``(ii) the cost-of-living adjustment determined under
                section 1(f)(3) for the calendar year in which the taxable
                year begins by substituting `calendar year 2026' for
                `calendar year 2016' in subparagraph (A)(ii) thereof.
                ``(B) Rounding.--If any increase determined under
            subparagraph (A) is not a multiple of $100, such increase shall
            be rounded to the next lowest multiple of $100.
        ``(c) Trump Account Contribution Program.--For purposes of this
    section, a Trump account contribution program is a separate written
    plan of an employer for the exclusive benefit of his employees to
    provide contributions to the Trump accounts of such employees or
    dependents of such employees which meets requirements similar to the
    requirements of paragraphs (2), (3), (6), (7), and (8) of section
    129(d).''.
            (2) Clerical amendment.--The table of sections for part III of
        subchapter B of chapter 1 is amended by inserting after the item
        relating to section 127 the following new item:
    ``Sec. 128. Employer contributions to Trump accounts.''.

        (c) Certain Contributions Excluded From Gross Income.--
            (1) In general.--Part III of subchapter B of chapter 1 is
        amended by inserting before section 140 the following new section:
    ``SEC. 139J. CERTAIN CONTRIBUTIONS TO TRUMP ACCOUNTS.
        ``(a) In General.--Gross income of an account beneficiary shall not
    include any qualified general contribution to a Trump account of the
    account beneficiary.
        ``(b) Definitions.--Any term used in this section which is used in
    section 530A shall have the meaning given such term under section
    530A.''.
            (2) Clerical amendment.--The table of sections for part III of
        subchapter B is amended by inserting before the item relating to
        section 140 the following new item:
    ``Sec. 139J. Certain contributions to Trump accounts.''.

        (d) Trump Accounts Contribution Pilot Program.--
            (1) In general.--Subchapter B of chapter 65 is amended by
        adding at the end the following new section:
    ``SEC. 6434. TRUMP ACCOUNTS CONTRIBUTION PILOT PROGRAM.
        ``(a) In General.--In the case of an individual who makes an
    election under this section with respect to an eligible child of the
    individual, such eligible child shall be treated as making a payment
    against the tax imposed by subtitle A (for the taxable year for which
    the election was made) in an amount equal to $1,000.
        ``(b) Refund of Payment.--The amount treated as a payment under
    subsection (a) shall be paid by the Secretary to the Trump account with
    respect to which such eligible child is the account beneficiary.
        ``(c) Eligible Child.--For purposes of this section, the term
    `eligible child' means a qualifying child (as defined in section
    152(c))--
            ``(1) who is born after December 31, 2024, and before January
        1, 2029,
            ``(2) with respect to whom no prior election has been made
        under this section by such individual or any other individual, and
            ``(3) who is a United States citizen.
        ``(d) Election.--An election under this section shall be made at
    such time and in such manner as the Secretary shall provide.
        ``(e) Social Security Number Required.--
            ``(1) In general.--This section shall not apply to any taxpayer
        unless such individual includes with the election made under this
        section the social security number of the eligible child with
        respect to whom the election is made.
            ``(2) Social security number defined.--For purposes of
        paragraph (1), the term `social security number' shall have the
        meaning given such term in section 24(h)(7), determined by
        substituting `before the date of the election made under section
        6434' for `before the due date of such return' in subparagraph (B)
        thereof.
        ``(f) Exception From Reduction or Offset.--Any payment made to any
    individual under this section shall not be--
            ``(1) subject to reduction or offset pursuant to subsection
        (c), (d), (e), or (f) of section 6402 or any similar authority
        permitting offset, or
            ``(2) reduced or offset by other assessed Federal taxes that
        would otherwise be subject to levy or collection.
        ``(g) Special Rule Regarding Interest.--The period determined under
    section 6611(a) with respect to any payment under this section shall
    not begin before January 1, 2028.
        ``(h) Mirror Code Possessions.--In the case of any possession of
    the United States with a mirror code tax system (as defined in section
    24(k)), this section shall not be treated as part of the income tax
    laws of the United States for purposes of determining the income tax
    law of such possession unless such possession elects to have this
    section be so treated.
        ``(i) Definitions.--For purposes of this section, the terms `Trump
    account' and `account beneficiary' have the meaning given such terms in
    section 530A(b).''.
            (2) Penalty for negligent claim or fraudulent claim.--Part I of
        subchapter A of chapter 68 is amended by adding at the end the
        following new section:
    ``SEC. 6659. IMPROPER CLAIM FOR TRUMP ACCOUNT CONTRIBUTION PILOT
    PROGRAM CREDIT.
        ``(a) In General.--In the case of any individual who makes an
    election under section 6434 with respect to an individual who is not an
    eligible child of the taxpayer--
            ``(1) if such election was made due to negligence or disregard
        of the rules or regulations, there shall be imposed a penalty of
        $500, or
            ``(2) if such election was made due to fraud, there shall be
        imposed a penalty of $1,000.
        ``(b) Definitions.--
            ``(1) Eligible child.--The term `eligible child' has the
        meaning given such term under section 6434.
            ``(2) Negligence; disregard.--The terms `negligence' and
        `disregard' have the same meaning as when such terms are used in
        section 6662.''.
            (3) Omission of correct social security number treated as
        mathematical or clerical error.--Section 6213(g)(2), as amended by
        the preceding provisions of this Act, is amended by striking
        ``and'' at the end of subparagraph (Y), by striking the period at
        the end of subparagraph (Z) and inserting ``, and'', and by
        inserting after subparagraph (Z) the following new subparagraph:
                ``(AA) an omission of a correct social security number
            required under section 6434(e)(1) (relating to the Trump
            accounts contribution pilot program).''.
            (4) Conforming amendments.--
                (A) The table of sections for subchapter B of chapter 65 is
            amended by adding at the end the following new item:
    ``Sec. 6434. Trump accounts contribution pilot program.''.

                (B) The table of sections for part I of subchapter A of
            chapter 68 is amended by inserting after the item relating to
            section 6658 the following new item:
    ``Sec. 6659. Improper claim for Trump account contribution pilot program
              credit.''.

        (e) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
        (f) Funding.--In addition to amounts otherwise available, there is
    appropriated to the Department of the Treasury, out of any money in the
    Treasury not otherwise appropriated, $410,000,000, to remain available
    until September 30, 2034, to carry out the amendments made by this
    section.

    CHAPTER 3--ESTABLISHING CERTAINTY AND COMPETITIVENESS FOR AMERICAN JOB
                                    CREATORS

    Subchapter A--Permanent U.S. Business Tax Reform and Boosting Domestic
                                   Investment

    SEC. 70301. FULL EXPENSING FOR CERTAIN BUSINESS PROPERTY.
        (a) Made Permanent.--
            (1) In general.--Section 168(k)(2)(A) is amended by adding
        ``and'' at the end of clause (i), by striking ``, and'' at the end
        of clause (ii) and inserting a period, and by striking clause
        (iii).
            (2) Property with longer production periods.--Section
        168(k)(2)(B) is amended--
                (A) in clause (i), by striking subclauses (II) and (III)
            and redesignating subclauses (IV), (V), and (VI), as subclauses
            (II), (III), and (IV), respectively, and
                (B) by striking clause (ii) and redesignating clauses (iii)
            and (iv) as clauses (ii) and (iii), respectively.
            (3) Self-constructed property.--Section 168(k)(2)(E) is amended
        by striking clause (i) and redesignating clauses (ii) and (iii) as
        clauses (i) and (ii), respectively.
            (4) Certain plants.--Section 168(k)(5)(A) is amended by
        striking ``planted before January 1, 2027, or is grafted before
        such date to a plant that has already been planted,'' in the matter
        preceding clause (i) and inserting ``planted or grafted''.
            (5) Conforming amendments.--
                (A) Section 168(k)(2)(A)(ii) is amended by striking
            ``clause (ii) of subparagraph (E)'' and inserting ``clause (i)
            of subparagraph (E)''.
                (B) Section 168(k)(2)(C)(i) is amended by striking ``and
            subclauses (II) and (III) of subparagraph (B)(i)''.
                (C) Section 168(k)(2)(C)(ii) is amended by striking
            ``subparagraph (B)(iii)'' and inserting ``subparagraph
            (B)(ii)''.
                (D) Section 460(c)(6)(B) is amended by striking ``which''
            and all that follows through the period and inserting ``which
            has a recovery period of 7 years or less.''.
        (b) 100 Percent Expensing.--
            (1) In general.--Section 168(k) is amended--
                (A) in paragraph (1)(A), by striking ``the applicable
            percentage'' and inserting ``100 percent'', and
                (B) by striking paragraphs (6) and (8).
            (2) Certain plants.--Section 168(k)(5)(A)(i) is amended by
        striking ``the applicable percentage'' and inserting ``100
        percent''.
            (3) Transitional election of reduced percentage.--Section
        168(k)(10) is amended by striking subparagraph (A), by
        redesignating subparagraph (B) as subparagraph (C), and by
        inserting before subparagraph (C) (as so redesignated) the
        following new subparagraphs:
                ``(A) In general.--In the case of qualified property placed
            in service by the taxpayer during the first taxable year ending
            after January 19, 2025, if the taxpayer elects to have this
            paragraph apply for such taxable year, paragraph (1)(A) shall
            be applied--
                    ``(i) in the case of property which is not described in
                clause (ii), by substituting `40 percent' for `100
                percent', or
                    ``(ii) in the case of property which is described in
                subparagraph (B) or (C) of paragraph (2), by substituting
                `60 percent' for `100 percent'.
                ``(B) Specified plants.--In the case of any specified plant
            planted or grafted by the taxpayer during the first taxable
            year ending after January 19, 2025, if the taxpayer elects to
            have this paragraph apply for such taxable year, paragraph
            (5)(A)(i) shall be applied by substituting `40 percent' for
            `100 percent'.''.
        (c) Effective Date.--
            (1) In general.--Except as otherwise provided in this
        subsection, the amendments made by this section shall apply to
        property acquired after January 19, 2025.
            (2) Specified plants.--Except as provided in paragraph (3), in
        the case of any specified plant (as defined in section 168(k)(5)(B)
        of the Internal Revenue Code of 1986, as amended by this section),
        the amendments made by this section shall apply to such plants
        which are planted or grafted after January 19, 2025.
            (3) Transitional election of reduced percentage.--The amendment
        made by subsection (b)(3) shall apply to taxable years ending after
        January 19, 2025.
            (4) Acquisition date determination.--For purposes of paragraph
        (1), property shall not be treated as acquired after the date on
        which a written binding contract is entered into for such
        acquisition.
    SEC. 70302. FULL EXPENSING OF DOMESTIC RESEARCH AND EXPERIMENTAL
    EXPENDITURES.
        (a) In General.--Part VI of subchapter B of chapter 1 is amended by
    inserting after section 174 the following new section:
    ``SEC. 174A. DOMESTIC RESEARCH OR EXPERIMENTAL EXPENDITURES.
        ``(a) Treatment as Expenses.--Notwithstanding section 263, there
    shall be allowed as a deduction any domestic research or experimental
    expenditures which are paid or incurred by the taxpayer during the
    taxable year.
        ``(b) Domestic Research or Experimental Expenditures.--For purposes
    of this section, the term `domestic research or experimental
    expenditures' means research or experimental expenditures paid or
    incurred by the taxpayer in connection with the taxpayer's trade or
    business other than such expenditures which are attributable to foreign
    research (within the meaning of section 41(d)(4)(F)).
        ``(c) Amortization of Certain Domestic Research or Experimental
    Expenditures.--
            ``(1) In general.--At the election of the taxpayer, made in
        accordance with regulations or other guidance provided by the
        Secretary, in the case of domestic research or experimental
        expenditures which would (but for subsection (a)) be chargeable to
        capital account but not chargeable to property of a character which
        is subject to the allowance under section 167 (relating to
        allowance for depreciation, etc.) or section 611 (relating to
        allowance for depletion), subsection (a) shall not apply and the
        taxpayer shall--
                ``(A) charge such expenditures to capital account, and
                ``(B) be allowed an amortization deduction of such
            expenditures ratably over such period of not less than 60
            months as may be selected by the taxpayer (beginning with the
            month in which the taxpayer first realizes benefits from such
            expenditures).
            ``(2) Time for and scope of election.--The election provided by
        paragraph (1) may be made for any taxable year, but only if made
        not later than the time prescribed by law for filing the return for
        such taxable year (including extensions thereof). The method so
        elected, and the period selected by the taxpayer, shall be adhered
        to in computing taxable income for the taxable year for which the
        election is made and for all subsequent taxable years unless, with
        the approval of the Secretary, a change to a different method (or
        to a different period) is authorized with respect to part or all of
        such expenditures. The election shall not apply to any expenditure
        paid or incurred during any taxable year before the taxable year
        for which the taxpayer makes the election.
        ``(d) Special Rules.--
            ``(1) Land and other property.--This section shall not apply to
        any expenditure for the acquisition or improvement of land, or for
        the acquisition or improvement of property to be used in connection
        with the research or experimentation and of a character which is
        subject to the allowance under section 167 (relating to allowance
        for depreciation, etc.) or section 611 (relating to allowance for
        depletion); but for purposes of this section allowances under
        section 167, and allowances under section 611, shall be considered
        as expenditures.
            ``(2) Exploration expenditures.--This section shall not apply
        to any expenditure paid or incurred for the purpose of ascertaining
        the existence, location, extent, or quality of any deposit of ore
        or other mineral (including oil and gas).
            ``(3) Software development.--For purposes of this section, any
        amount paid or incurred in connection with the development of any
        software shall be treated as a research or experimental
        expenditure.''.
        (b) Coordination With Certain Other Provisions.--
            (1) Foreign research expenses.--Section 174 is amended--
                (A) in subsection (a)--
                    (i) by striking ``a taxpayer's specified research or
                experimental expenditures'' and inserting ``a taxpayer's
                foreign research or experimental expenditures'', and
                    (ii) by striking ``over the 5-year period (15-year
                period in the case of any specified research or
                experimental expenditures which are attributable to foreign
                research (within the meaning of section 41(d)(4)(F)))'' in
                paragraph (2)(B) and inserting ``over the 15-year period'',
                (B) in subsection (b)--
                    (i) by striking ``specified research'' and inserting
                ``foreign research'',
                    (ii) by inserting ``and which are attributable to
                foreign research (within the meaning of section
                41(d)(4)(F))'' before the period at the end, and
                    (iii) by striking ``Specified'' in the heading thereof
                and inserting ``Foreign'', and
                (C) in subsection (d)--
                    (i) by striking ``specified research or experimental
                expenditures'' and inserting ``foreign research or
                experimental expenditures'', and
                    (ii) by inserting ``or reduction to amount realized''
                after ``no deduction''.
            (2) Research credit.--
                (A) Section 41(d)(1)(A) is amended to read as follows:
                ``(A) with respect to which expenditures are treated as
            domestic research or experimental expenditures under section
            174A,''.
                (B) Section 280C(c)(1) is amended to read as follows:
            ``(1) In general.--The domestic research or experimental
        expenditures (as defined in section 174A(b)) otherwise taken into
        account as a deduction or charged to capital account under this
        chapter shall be reduced by the amount of the credit allowed under
        section 41(a).''.
            (3) AMT adjustment.--Section 56(b)(2) is amended--
                (A) in subparagraph (A)--
                    (i) by striking ``or 174(a)'' in the matter preceding
                clause (i) and inserting ``, 174(a), or 174A(a)'', and
                    (ii) by striking ``research and experimental
                expenditures described in section 174(a)'' in clause (ii)
                thereof and inserting ``foreign research or experimental
                expenditures described in section 174(a) and domestic
                research or experimental expenditures in section 174A(a)'',
                and
                (B) in subparagraph (C), by inserting ``or 174A(a)'' after
            ``174(a)''.
            (4) Optional 10-year writeoff.--Section 59(e)(2)(B) is amended
        by striking ``section 174(a) (relating to research and experimental
        expenditures)'' and inserting ``section 174A(a) (relating to
        domestic research or experimental expenditures)''.
            (5) Qualified small issue bonds.--Section 144(a)(4)(C)(iv) is
        amended by striking ``174(a)'' and inserting ``174A(a)''.
            (6) Start-up expenditures.--Section 195(c)(1) is amended by
        striking ``or 174'' in the last sentence and inserting ``174, or
        174A''.
            (7) Capital expenditures.--
                (A) Section 263(a)(1)(B) is amended by inserting ``or
            174A'' after ``174''.
                (B) Section 263A(c)(2) is amended by inserting ``or 174A''
            after ``174''.
            (8) Active business computer software royalties.--Section
        543(d)(4)(A)(i) is amended by inserting ``174A,'' after ``174,''.
            (9) Source rules.--Section 864(g)(2) is amended--
                (A) by striking ``research and experimental expenditures
            within the meaning of section 174'' in the first sentence and
            inserting ``foreign research or experimental expenditures
            within the meaning of section 174 or domestic research or
            experimental expenditures within the meaning of section 174A'',
            and
                (B) in the last sentence--
                    (i) by striking ``treated as deferred expenses under
                subsection (b) of section 174'' and inserting ``allowed as
                an amortization deduction under section 174(a) or section
                174A(c),'', and
                    (ii) by striking ``such subsection'' and inserting
                ``such section (as the case may be)''.
            (10) Basis adjustment.--Section 1016(a)(14) is amended by
        striking ``deductions as deferred expenses under section 174(b)(1)
        (relating to research and experimental expenditures)'' and
        inserting ``deductions under section 174 or 174A(c)''.
            (11) Small business stock.--Section 1202(e)(2)(B) is amended by
        striking ``which may be treated as research and experimental
        expenditures under section 174'' and inserting ``which are treated
        as foreign research or experimental expenditures under section 174
        or domestic research or experimental expenditures under section
        174A''.
        (c) Change in Method of Accounting.--
            (1) In general.--The amendments made by subsection (a) shall be
        treated as a change in method of accounting for purposes of section
        481 of the Internal Revenue Code of 1986 and--
                (A) such change shall be treated as initiated by the
            taxpayer,
                (B) such change shall be treated as made with the consent
            of the Secretary, and
                (C) such change shall be applied only on a cut-off basis
            for any domestic research or experimental expenditures (as
            defined in section 174A(b) of such Code (as added by this
            section) and determined by applying the rules of section
            174A(d) of such Code) paid or incurred in taxable years
            beginning after December 31, 2024, and no adjustments under
            section 481(a) shall be made.
            (2) Special rules.--In the case of a taxable year which begins
        after December 31, 2024, and ends before the date of the enactment
        of this Act--
                (A) paragraph (1)(C) shall not apply, and
                (B) the change in method of accounting under paragraph (1)
            shall be applied on a modified cut-off basis, taking into
            account for purposes of section 481(a) of such Code only the
            domestic research or experimental expenditures (as defined in
            section 174A(b) of such Code (as added by this section) and
            determined by applying the rules of section 174A(d) of such
            Code) paid or incurred in such taxable year but not allowed as
            a deduction in such taxable year.
        (d) Clerical Amendment.--The table of sections for part VI of
    subchapter B of chapter 1 is amended by inserting after the item
    relating to section 174 the following new item:
    ``Sec. 174A. Domestic research or experimental expenditures.''.

        (e) Effective Date.--
            (1) In general.--Except as otherwise provided in this
        subsection or subsection (f)(1), the amendments made by this
        section shall apply to amounts paid or incurred in taxable years
        beginning after December 31, 2024.
            (2) Treatment of foreign research or experimental expenditures
        upon disposition.--
                (A) In general.--The amendment by subsection (b)(1)(C)(ii)
            shall apply to property disposed, retired, or abandoned after
            May 12, 2025.
                (B) No inference.--The amendment made by subsection
            (b)(1)(C)(ii) shall not be construed to create any inference
            with respect to the proper application of section 174(d) of the
            Internal Revenue Code of 1986 with respect to taxable years
            beginning before May 13, 2025.
            (3) Coordination with research credit.--The amendment made by
        subsection (b)(2)(B) shall apply to taxable years beginning after
        December 31, 2024.
            (4) No inference with respect to coordination with research
        credit for prior periods.--The amendment made by subsection
        (b)(2)(B) shall not be construed to create any inference with
        respect to the proper application of section 280C(c) of the
        Internal Revenue Code of 1986 with respect to taxable years
        beginning before January 1, 2025.
        (f) Transition Rules.--
            (1) Election for retroactive application by certain small
        businesses.--
                (A) In general.--At the election of an eligible taxpayer,
            paragraphs (1) and (3) of subsection (e) shall each be applied
            by substituting ``December 31, 2021'' for ``December 31,
            2024''. An election made under this subparagraph shall be made
            in such manner as the Secretary may provide and not later than
            the date that is 1 year after the date of the enactment of this
            Act. The taxpayer shall file an amended return for each taxable
            year affected by such election.
                (B) Eligible taxpayer.--For purposes of this paragraph, the
            term ``eligible taxpayer'' means any taxpayer (other than a tax
            shelter prohibited from using the cash receipts and
            disbursements method of accounting under section 448(a)(3))
            which meets the gross receipts test of section 448(c) for the
            first taxable year beginning after December 31, 2024.
                (C) Election treated as change in method of accounting.--In
            the case of any taxpayer which elects the application of
            subparagraph (A)--
                    (i) such election may be treated as a change in method
                of accounting for purposes of section 481 of such Code for
                the taxpayer's first taxable year affected by such
                election,
                    (ii) such change shall be treated as initiated by the
                taxpayer for such taxable year,
                    (iii) such change shall be treated as made with the
                consent of the Secretary, and
                    (iv) subsection (c) shall not apply to such taxpayer.
                (D) Election regarding coordination with research credit.--
            An election under section 280C(c)(2) of the Internal Revenue
            Code of 1986 (or revocation of such election) for any taxable
            year beginning after December 31, 2021, by an eligible taxpayer
            making an election under subparagraph (A) shall not fail to be
            treated as timely made (or as made on the return) if made
            during the 1-year period beginning on the date of the enactment
            of this Act on an amended return for such taxable year.
            (2) Election to deduct certain unamortized amounts paid or
        incurred in taxable years beginning before january 1, 2025.--
                (A) In general.--In the case of any domestic research or
            experimental expenditures (as defined in section 174A, as added
            by subsection (a)) which are paid or incurred in taxable years
            beginning after December 31, 2021, and before January 1, 2025,
            and which was charged to capital account, a taxpayer may
            elect--
                    (i) to deduct any remaining unamortized amount with
                respect to such expenditures in the first taxable year
                beginning after December 31, 2024, or
                    (ii) to deduct such remaining unamortized amount with
                respect to such expenditures ratably over the 2-taxable
                year period beginning with the first taxable year beginning
                after December 31, 2024.
                (B) Change in method of accounting.--In the case of a
            taxpayer who makes an election under this paragraph--
                    (i) such taxpayer shall be treated as initiating a
                change in method of accounting for purposes of section 481
                of the Internal Revenue Code of 1986 with respect to the
                expenditures to which the election applies,
                    (ii) such change shall be treated as made with the
                consent of the Secretary, and
                    (iii) such change shall be applied only on a cut-off
                basis for such expenditures and no adjustments under
                section 481(a) shall be made.
                (C) Regulations.--The Secretary of the Treasury (or the
            Secretary's delegate) shall publish such guidance or
            regulations as may be necessary to carry out the purposes of
            this paragraph, including regulations or guidance allowing for
            the deduction allowed under subparagraph (A) in the case of
            taxpayers with taxable years beginning after December 31, 2024,
            and ending before the date of the enactment of this Act.
    SEC. 70303. MODIFICATION OF LIMITATION ON BUSINESS INTEREST.
        (a) In General.--Section 163(j)(8)(A)(v) is amended by striking
    ``in the case of taxable years beginning before January 1, 2022,''.
        (b) Floor Plan Financing Applicable to Certain Trailers and
    Campers.--Section 163(j)(9)(C) is amended by adding at the end the
    following new flush sentence:
            ``Such term shall also include any trailer or camper which is
            designed to provide temporary living quarters for recreational,
            camping, or seasonal use and is designed to be towed by, or
            affixed to, a motor vehicle.''.
        (c) Effective Date and Special Rule.--
            (1) In general.--The amendments made by this section shall
        apply to taxable years beginning after December 31, 2024.
            (2) Special rule for short taxable years.--The Secretary of the
        Treasury (or the Secretary's delegate) may prescribe such rules as
        are necessary or appropriate to provide for the application of the
        amendments made by this section in the case of any taxable year of
        less than 12 months that begins after December 31, 2024, and ends
        before the date of the enactment of this Act.
    SEC. 70304. EXTENSION AND ENHANCEMENT OF PAID FAMILY AND MEDICAL LEAVE
    CREDIT.
        (a) In General.--Section 45S is amended--
            (1) in subsection (a)--
                (A) by striking paragraph (1) and inserting the following:
            ``(1) In general.--For purposes of section 38, in the case of
        an eligible employer, the paid family and medical leave credit is
        an amount equal to either of the following (as elected by such
        employer):
                ``(A) The applicable percentage of the amount of wages paid
            to qualifying employees with respect to any period in which
            such employees are on family and medical leave.
                ``(B) If such employer has an insurance policy with regards
            to the provision of paid family and medical leave which is in
            force during the taxable year, the applicable percentage of the
            total amount of premiums paid or incurred by such employer
            during such taxable year with respect to such insurance
            policy.'', and
                (B) by adding at the end the following:
            ``(3) Rate of payment determined without regard to whether
        leave is taken.--For purposes of determining the applicable
        percentage with respect to paragraph (1)(B), the rate of payment
        under the insurance policy shall be determined without regard to
        whether any qualifying employees were on family and medical leave
        during the taxable year.'',
            (2) in subsection (b)(1), by striking ``credit allowed'' and
        inserting ``wages taken into account'',
            (3) in subsection (c), by striking paragraphs (3) and (4) and
        inserting the following:
            ``(3) Aggregation rule.--
                ``(A) In general.--Except as provided in subparagraph (B),
            all persons which are treated as a single employer under
            subsections (b) and (c) of section 414 shall be treated as a
            single employer.
                ``(B) Exception.--
                    ``(i) In general.--Subparagraph (A) shall not apply to
                any person who establishes to the satisfaction of the
                Secretary that such person has a substantial and legitimate
                business reason for failing to provide a written policy
                described in paragraph (1) or (2).
                    ``(ii) Substantial and legitimate business reason.--For
                purposes of clause (i), the term `substantial and
                legitimate business reason' shall not include the operation
                of a separate line of business, the rate of wages or
                category of jobs for employees (or any similar basis), or
                the application of State or local laws relating to family
                and medical leave, but may include the grouping of
                employees of a common law employer.
            ``(4) Treatment of benefits mandated or paid for by state or
        local governments.--For purposes of this section, any leave which
        is paid by a State or local government or required by State or
        local law--
                ``(A) except as provided in subparagraph (B), shall be
            taken into account in determining the amount of paid family and
            medical leave provided by the employer, and
                ``(B) shall not be taken into account in determining the
            amount of the paid family and medical leave credit under
            subsection (a).'',
            (4) in subsection (d)--
                (A) in paragraph (1), by inserting ``(or, at the election
            of the employer, for not less than 6 months)'' after ``1 year
            or more'',
                (B) in paragraph (2)--
                    (i) by inserting ``, as determined on an annualized
                basis (pro-rata for part-time employees),'' after
                ``compensation'', and
                    (ii) by striking the period at the end and inserting
                ``, and'', and
                (C) by adding at the end the following:
            ``(3) is customarily employed for not less than 20 hours per
        week.'', and
            (5) by striking subsection (i).
        (b) No Double Benefit.--Section 280C(a) is amended--
            (1) by striking ``45S(a)'' and inserting ``45S(a)(1)(A)'', and
            (2) by inserting after the first sentence the following: ``No
        deduction shall be allowed for that portion of the premiums paid or
        incurred for the taxable year which is equal to that portion of the
        paid family and medical leave credit which is determined for the
        taxable year under section 45S(a)(1)(B).''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70305. EXCEPTIONS FROM LIMITATIONS ON DEDUCTION FOR BUSINESS
    MEALS.
        (a) Exception to Denial of Deduction for Business Meals.--Section
    274(o), as added by section 13304 of Public Law 115-97, is amended by
    striking ``No deduction'' and inserting ``Except in the case of an
    expense described in subsection (e)(8) or (n)(2)(C), no deduction''.
        (b) Meals Provided on Certain Fishing Boats and at Certain Fish
    Processing Facilities Not Subject to 50 Percent Limitation.--Section
    274(n)(2)(C) of the Internal Revenue Code of 1986 is amended by
    striking ``or'' at the end of clause (iii) and by adding at the end the
    following new clause:
                    ``(v) provided--

                        ``(I) on a fishing vessel, fish processing vessel,
                    or fish tender vessel (as such terms are defined in
                    section 2101 of title 46, United States Code), or
                        ``(II) at a facility for the processing of fish for
                    commercial use or consumption which--

                            ``(aa) is located in the United States north of
                        50 degrees north latitude, and
                            ``(bb) is not located in a metropolitan
                        statistical area (within the meaning of section
                        143(k)(2)(B)), or''.
        (c) Effective Date.--The amendments made by this section shall
    apply to amounts paid or incurred after December 31, 2025.
    SEC. 70306. INCREASED DOLLAR LIMITATIONS FOR EXPENSING OF CERTAIN
    DEPRECIABLE BUSINESS ASSETS.
        (a) In General.--Section 179(b) is amended--
            (1) in paragraph (1), by striking ``$1,000,000'' and inserting
        ``$2,500,000'', and
            (2) in paragraph (2), by striking ``$2,500,000'' and inserting
        ``$4,000,000''.
        (b) Conforming Amendments.--Section 179(b)(6)(A) is amended--
            (1) by inserting ``(2025 in the case of the dollar amounts in
        paragraphs (1) and (2))'' after ``In the case of any taxable year
        beginning after 2018'', and
            (2) in clause (ii), by striking ``determined by substituting
        `calendar year 2017' for `calendar year 2016' in subparagraph
        (A)(ii) thereof.'' and inserting "determined by substituting in
        subparagraph (A)(ii) thereof-- ``

                        ``(I) in the case of amounts in paragraphs (1) and
                    (2), `calendar year 2024' for `calendar year 2016', and
                        ``(II) in the case of the amount in paragraph
                    (5)(A), `calendar year 2017' for `calendar year
                    2016'.''.

        (c) Effective Date.--The amendments made by this section shall
    apply to property placed in service in taxable years beginning after
    December 31, 2024.
    SEC. 70307. SPECIAL DEPRECIATION ALLOWANCE FOR QUALIFIED PRODUCTION
    PROPERTY.
        (a) In General.--Section 168 is amended by adding at the end the
    following new subsection:
        ``(n) Special Allowance for Qualified Production Property.--
            ``(1) In general.--In the case of any qualified production
        property of a taxpayer making an election under this subsection--
                ``(A) the depreciation deduction provided by section 167(a)
            for the taxable year in which such property is placed in
            service shall include an allowance equal to 100 percent of the
            adjusted basis of the qualified production property, and
                ``(B) the adjusted basis of the qualified production
            property shall be reduced by the amount of such deduction
            before computing the amount otherwise allowable as a
            depreciation deduction under this chapter for such taxable year
            and any subsequent taxable year.
            ``(2) Qualified production property.--For purposes of this
        subsection--
                ``(A) In general.--The term `qualified production property'
            means that portion of any nonresidential real property--
                    ``(i) to which this section applies,
                    ``(ii) which is used by the taxpayer as an integral
                part of a qualified production activity,
                    ``(iii) which is placed in service in the United States
                or any possession of the United States,
                    ``(iv) the original use of which commences with the
                taxpayer,
                    ``(v) the construction of which begins after January
                19, 2025, and before January 1, 2029,
                    ``(vi) which is designated by the taxpayer in the
                election made under this subsection, and
                    ``(vii) which is placed in service before January 1,
                2031.
            For purposes of clause (ii), in the case of property with
            respect to which the taxpayer is a lessor, property used by a
            lessee shall not be considered to be used by the taxpayer as
            part of a qualified production activity.
                ``(B) Special rule for certain property not previously used
            in qualified production activities.--
                    ``(i) In general.--In the case of property acquired by
                the taxpayer during the period described in subparagraph
                (A)(v), the requirements of clauses (iv) and (v) of
                subparagraph (A) shall be treated as satisfied if--

                        ``(I) such property was not used in a qualified
                    production activity (determined without regard to the
                    second sentence of subparagraph (D)) by any person at
                    any time during the period beginning on January 1,
                    2021, and ending on May 12, 2025,
                        ``(II) such property was not used by the taxpayer
                    at any time prior to such acquisition, and
                        ``(III) the acquisition of such property meets the
                    requirements of paragraphs (2)(A), (2)(B), (2)(C), and
                    (3) of section 179(d).

                    ``(ii) Written binding contracts.--For purposes of
                determining under clause (i)--

                        ``(I) whether such property is acquired before the
                    period described in subparagraph (A)(v), such property
                    shall be treated as acquired not later than the date on
                    which the taxpayer enters into a written binding
                    contract for such acquisition, and
                        ``(II) whether such property is acquired after such
                    period, such property shall be treated as acquired not
                    earlier than such date.

                ``(C) Exclusion of office space, etc.--The term `qualified
            production property' shall not include that portion of any
            nonresidential real property which is used for offices,
            administrative services, lodging, parking, sales activities,
            research activities, software development or engineering
            activities, or other functions unrelated to the manufacturing,
            production, or refining of tangible personal property.
                ``(D) Qualified production activity.--The term `qualified
            production activity' means the manufacturing, production, or
            refining of a qualified product. The activities of any taxpayer
            do not constitute manufacturing, production, or refining of a
            qualified product unless the activities of such taxpayer result
            in a substantial transformation of the property comprising the
            product.
                ``(E) Production.--The term `production' shall not include
            activities other than agricultural production and chemical
            production.
                ``(F) Qualified product.--The term `qualified product'
            means any tangible personal property if such property is not a
            food or beverage prepared in the same building as a retail
            establishment in which such property is sold.
                ``(G) Syndication.--For purposes of subparagraph (A)(iv),
            rules similar to the rules of subsection (k)(2)(E)(iii) shall
            apply.
                ``(H) Extension of placed in service date under certain
            circumstances.--The Secretary may extend the date under
            subparagraph (A)(vii) with respect to any property that meets
            the requirements of clauses (i) through (vi) of subparagraph
            (A) if the Secretary determines that an act of God (as defined
            in section 101(1) of the Comprehensive Environmental Response,
            Compensation, and Liability Act of 1980) prevents the taxpayer
            from placing such property in service before such date.
            ``(3) Deduction allowed in computing minimum tax.--For purposes
        of determining alternative minimum taxable income under section 55,
        the deduction under section 167 for qualified production property
        shall be determined under this section without regard to any
        adjustment under section 56.
            ``(4) Coordination with certain other provisions.--
                ``(A) Other special depreciation allowances.--For purposes
            of subsections (k)(7), (l)(3)(D), and (m)(2)(B)(iii)--
                    ``(i) qualified production property shall be treated as
                a separate class of property, and
                    ``(ii) the taxpayer shall be treated as having made an
                election under such subsections with respect to such class.
                ``(B) Alternative depreciation property.--The term
            `qualified production property' shall not include any property
            to which the alternative depreciation system under subsection
            (g) applies. For purposes of subsection (g)(7)(A), qualified
            production property to which this subsection applies shall be
            treated as separate nonresidential real property.
            ``(5) Recapture.--If, at any time during the 10-year period
        beginning on the date that any qualified production property is
        placed in service by the taxpayer, such property ceases to be used
        as described in paragraph (2)(A)(ii) and is used by the taxpayer in
        a productive use not described in paragraph (2)(A)(ii)--
                ``(A) section 1245 shall be applied--
                    ``(i) by treating such property as having been disposed
                of by the taxpayer as of the first time such property is so
                used in a productive use not described in paragraph
                (2)(A)(ii), and
                    ``(ii) by treating the amount described in subparagraph
                (B) of section 1245(a)(1) with respect to such disposition
                as being not less than the amount described in subparagraph
                (A) of such section, and
                ``(B) the basis of the taxpayer in such property, and the
            taxpayer's allowance for depreciation with respect to such
            property, shall be appropriately adjusted to take into account
            amounts recognized by reason of subparagraph (A).
            ``(6) Election.--
                ``(A) In general.--An election under this subsection for
            any taxable year shall--
                    ``(i) specify the nonresidential real property subject
                to the election and the portion of such property designated
                under paragraph (2)(A)(vi), and
                    ``(ii) except as otherwise provided by the Secretary,
                be made on the taxpayer's return of the tax imposed by this
                chapter for the taxable year.
            Such election shall be made in such manner as the Secretary may
            prescribe by regulations or other guidance.
                ``(B) Election.--Any election made under this subsection,
            and any specification contained in any such election, may not
            be revoked except with the consent of the Secretary (and the
            Secretary shall provide such consent only in extraordinary
            circumstances).
            ``(7) Regulations.--The Secretary shall issue such regulations
        or other guidance as may be necessary or appropriate to carry out
        the purposes of this subsection, including regulations or other
        guidance--
                ``(A) providing rules for regarding what constitutes
            substantial transformation of property which are consistent
            with guidance provided under section 954(d), and
                ``(B) providing for the application of paragraph (5) with
            respect to a change in use described in such paragraph by a
            transferee following a fully or partially tax free transfer of
            qualified production property.''.
        (b) Treatment of Qualified Production Property as Section 1245
    Property.--Section 1245(a)(3) is amended by striking ``or'' at the end
    of subparagraph (E), by striking the period at the end of subparagraph
    (F) and inserting ``, or'', and by adding at the end the following new
    subparagraph:
                ``(G) any qualified production property (as defined in
            section 168(n)(2)).''.
        (c) Effective Date.--The amendments made by this section shall
    apply to property placed in service after the date of the enactment of
    this Act.
    SEC. 70308. ENHANCEMENT OF ADVANCED MANUFACTURING INVESTMENT CREDIT.
        (a) In General.--Section 48D(a) is amended by striking ``25
    percent'' and inserting ``35 percent''.
        (b) Effective Date.--The amendments made by this section shall
    apply to property placed in service after December 31, 2025.
    SEC. 70309. SPACEPORTS ARE TREATED LIKE AIRPORTS UNDER EXEMPT FACILITY
    BOND RULES.
        (a) In General.--Section 142(a)(1) is amended to read as follows:
            ``(1) airports and spaceports,''.
        (b) Treatment of Ground Leases.--Section 142(b)(1) is amended by
    adding at the end the following new subparagraph:
                ``(C) Special rule for spaceport ground leases.--For
            purposes of subparagraph (A), spaceport property located on
            land leased by a governmental unit from the United States shall
            not fail to be treated as owned by a governmental unit if the
            requirements of this paragraph are met by the lease and any
            subleases of the property.''.
        (c) Definition of Spaceport.--Section 142 is amended by adding at
    the end the following new subsection:
        ``(p) Spaceport.--
            ``(1) In general.--For purposes of subsection (a)(1), the term
        `spaceport' means any facility located at or in close proximity to
        a launch site or reentry site used for--
                ``(A) manufacturing, assembling, or repairing spacecraft,
            space cargo, other facilities described in this paragraph, or
            any component of the foregoing,
                ``(B) flight control operations,
                ``(C) providing launch services and reentry services, or
                ``(D) transferring crew, spaceflight participants, or space
            cargo to or from spacecraft.
            ``(2) Additional terms.--For purposes of paragraph (1)--
                ``(A) Space cargo.--The term `space cargo' includes
            satellites, scientific experiments, other property transported
            into space, and any other type of payload, whether or not such
            property returns from space.
                ``(B) Spacecraft.--The term `spacecraft' means a launch
            vehicle or a reentry vehicle.
                ``(C) Other terms.--The terms `launch site', `crew', `space
            flight participant', `launch services', `launch vehicle',
            `payload', `reentry services', `reentry site', a `reentry
            vehicle' shall have the respective meanings given to such terms
            by section 50902 of title 51, United States Code (as in effect
            on the date of enactment of this subsection).
            ``(3) Public use requirement.--A facility shall not be required
        to be available for use by the general public to be treated as a
        spaceport for purposes of this section.
            ``(4) Manufacturing facilities and industrial parks allowed.--
        With respect to spaceports, subsection (c)(2)(E) shall not apply to
        spaceport property described in paragraph (1)(A).''.
        (d) Exception From Federally Guaranteed Bond Prohibition.--Section
    149(b)(3) is amended by adding at the end the following new
    subparagraph:
                ``(F) Exception for spaceports.--A bond shall not be
            treated as federally guaranteed merely because of the payment
            of rent, user fees, or other charges by the United States (or
            any agency or instrumentality thereof) in exchange for the use
            of the spaceport by the United States (or any agency or
            instrumentality thereof).''.
        (e) Conforming Amendment.--The heading for section 142(c) is
    amended by inserting ``Spaceports,'' after ``Airports,''.
        (f) Effective Date.--The amendments made by this section shall
    apply to obligations issued after the date of the enactment of this
    Act.

        Subchapter B--Permanent America-first International Tax Reforms

                           PART I--FOREIGN TAX CREDIT

    SEC. 70311. MODIFICATIONS RELATED TO FOREIGN TAX CREDIT LIMITATION.
        (a) Rules for Allocation of Certain Deductions to Foreign Source
    Net CFC Tested Income for Purposes of Foreign Tax Credit Limitation.--
    Section 904(b) is amended by adding at the end the following new
    paragraph:
            ``(5) Deductions treated as allocable to foreign source net cfc
        tested income.--Solely for purposes of the application of
        subsection (a) with respect to amounts described in subsection
        (d)(1)(A), the taxpayer's taxable income from sources without the
        United States shall be determined by allocating and apportioning--
                ``(A) any deduction allowed under section 250(a)(1)(B) (and
            any deduction allowed under section 164(a)(3) for taxes imposed
            on amounts described in section 250(a)(1)(B)) to such income,
                ``(B) no amount of interest expense or research and
            experimental expenditures to such income, and
                ``(C) any other deduction to such income only if such
            deduction is directly allocable to such income.
        Any amount or deduction which would (but for subparagraphs (B) and
        (C)) have been allocated or apportioned to such income shall only
        be allocated or apportioned to income which is from sources within
        the United States.''.
        (b) Other Modifications.--
            (1) Section 904(d)(2)(H)(i) is amended by striking ``paragraph
        (1)(B)'' and inserting ``paragraph (1)(D)''.
            (2) Section 904(d)(4)(C)(ii) is amended by striking ``paragraph
        (1)(A)'' and inserting ``paragraph (1)(C)''.
            (3) Section 951A(f)(1)(A) is amended by striking ``904(h)(1)''
        and inserting ``904(h)''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70312. MODIFICATIONS TO DETERMINATION OF DEEMED PAID CREDIT FOR
    TAXES PROPERLY ATTRIBUTABLE TO TESTED INCOME.
        (a) Increase in Deemed Paid Credit.--
            (1) In general.--Section 960(d)(1) is amended by striking ``80
        percent'' and inserting ``90 percent''.
            (2) Gross up for deemed paid foreign tax credit.--Section 78 is
        amended--
                (A) by striking ``subsections (a), (b), and (d)'' and
            inserting ``subsections (a) and (d)'', and
                (B) by striking ``80 percent'' and inserting ``90
            percent''.
        (b) Disallowance of Foreign Tax Credit With Respect to
    Distributions of Previously Taxed Net CFC Tested Income.--Section
    960(d) is amended by adding at the end the following new paragraph:
            ``(4) Disallowance of foreign tax credit with respect to
        distributions of previously taxed net cfc tested income.--No credit
        shall be allowed under section 901 for 10 percent of any foreign
        income taxes paid or accrued (or deemed paid under subsection
        (b)(1)) with respect to any amount excluded from gross income under
        section 959(a) by reason of an inclusion in gross income under
        section 951A(a).''.
        (c) Effective Dates.--
            (1) In general.--The amendments made by subsection (a) shall
        apply to taxable years beginning after December 31, 2025.
            (2) Disallowance.--The amendment made by subsection (b) shall
        apply to foreign income taxes paid or accrued (or deemed paid under
        section 960(b)(1) of the Internal Revenue Code of 1986) with
        respect to any amount excluded from gross income under section
        959(a) of such Code by reason of an inclusion in gross income under
        section 951A(a) of such Code after June 28, 2025.
    SEC. 70313. SOURCING CERTAIN INCOME FROM THE SALE OF INVENTORY PRODUCED
    IN THE UNITED STATES.
        (a) In General.--Section 904(b), as amended by section 70311, is
    amended by adding at the end the following new paragraph:
            ``(6) Source rules for certain inventory produced in the united
        states and sold through foreign branches.--For purposes of this
        section, if a United States person maintains an office or other
        fixed place of business in a foreign country (determined under
        rules similar to the rules of section 864(c)(5)), the portion of
        income which--
                ``(A) is from the sale or exchange outside the United
            States of inventory property (within the meaning of section
            865(i)(1))--
                    ``(i) which is produced in the United States,
                    ``(ii) which is for use outside the United States, and
                    ``(iii) to which the third sentence of section 863(b)
                applies, and
                ``(B) is attributable (determined under rules similar to
            the rules of section 864(c)(5)) to such office or other fixed
            place of business,
        shall be treated as from sources without the United States, except
        that the amount so treated shall not exceed 50 percent of the
        income from the sale or exchange of such inventory property.''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.

     PART II--FOREIGN-DERIVED DEDUCTION ELIGIBLE INCOME AND NET CFC TESTED
                                     INCOME

    SEC. 70321. MODIFICATION OF DEDUCTION FOR FOREIGN-DERIVED DEDUCTION
    ELIGIBLE INCOME AND NET CFC TESTED INCOME.
        (a) In General.--Section 250(a) is amended--
            (1) by striking ``37.5 percent'' in paragraph (1)(A) and
        inserting ``33.34 percent'',
            (2) by striking ``50 percent'' in paragraph (1)(B) and
        inserting ``40 percent'', and
            (3) by striking paragraph (3).
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70322. DETERMINATION OF DEDUCTION ELIGIBLE INCOME.
        (a) Sales or Other Dispositions of Certain Property.--
            (1) In general.--Section 250(b)(3)(A)(i) is amended--
                (A) by striking ``and'' at the end of subclause (V),
                (B) by striking ``over'' at the end of subclause (VI) and
            inserting ``and'', and
                (C) by adding at the end the following new subclause:

                        ``(VII) except as otherwise provided by the
                    Secretary, any income and gain from the sale or other
                    disposition (including pursuant to the deemed sale or
                    other deemed disposition or a transaction subject to
                    section 367(d)) of--

                            ``(aa) intangible property (as defined in
                        section 367(d)(4)), and
                            ``(bb) any other property of a type that is
                        subject to depreciation, amortization, or depletion
                        by the seller, over''.
            (2) Conforming amendment.--Section 250(b)(5)(E) is amended by
        inserting ``(other than paragraph (3)(A)(i)(VII))'' after ``For
        purposes of this subsection''.
            (3) Effective date.--The amendments made by this subsection
        shall apply to sales or other dispositions (including pursuant to
        deemed sales or other deemed dispositions or a transaction subject
        to section 367(d) of the Internal Revenue Code of 1986) occurring
        after June 16, 2025.
        (b) Expense Apportionment Limited to Properly Allocable Expenses.--
            (1) In general.--Section 250(b)(3)(A)(ii) is amended to read as
        follows:
                    ``(ii) expenses and deductions (including taxes), other
                than interest expense and research or experimental
                expenditures, properly allocable to such gross income.''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to taxable years beginning after December 31, 2025.
    SEC. 70323. RULES RELATED TO DEEMED INTANGIBLE INCOME.
        (a) Taxation of Net CFC Tested Income.--
            (1) In general.--Section 951A(a) is amended by striking
        ``global intangible low-taxed income'' and inserting ``net CFC
        tested income''.
            (2) Repeal of tax-free deemed return on foreign investments.--
        Section 951A, as amended by the preceding provisions of this Act,
        is amended by striking subsections (b) and (d) and by redesignating
        subsections (c), (e), and (f) as subsections (b), (c), and (d),
        respectively.
            (3) Conforming amendments.--
                (A)(i) Section 250 is amended by striking ``global
            intangible low-taxed income'' each place it appears in
            subsections (a)(1)(B)(i), (a)(2), and (b)(3)(A)(i)(II) and
            inserting ``net CFC tested income''.
                (ii) The heading for section 250 of such Code is amended by
            striking ``global intangible low-taxed income'' and inserting
            ``net cfc tested income''.
                (iii) The item relating to section 250 in the table of
            sections for part VII of subchapter B of chapter 1 of such Code
            is amended by striking ``global intangible low-taxed income''
            and inserting ``net CFC tested income''.
                (B) Section 951A(c)(1), as redesignated by paragraph (2),
            is amended by striking ``subsections (b), (c)(1)(A), and
            (c)(1)(B)'' and inserting ``subsections (b)(1)(A) and
            (b)(1)(B)''.
                (C) Section 951A(d), as redesignated by paragraph (2), is
            amended--
                    (i) by striking ``global intangible low-taxed income''
                each place it appears and inserting ``net CFC tested
                income'', and
                    (ii) by striking ``subsection (c)(1)(A)'' in paragraph
                (2)(B)(ii) and inserting ``subsection (b)(1)(A)''.
                (D) Section 960(d)(2) is amended--
                    (i) by striking ``global intangible low-taxed income''
                in subparagraph (A) and inserting ``net CFC tested
                income'', and
                    (ii) by striking ``section 951A(c)(1)(A)'' in
                subparagraph (B) and inserting ``section 951A(b)(1)(A)''.
                (E)(i) The heading for section 951A is amended by striking
            ``global intangible low-taxed income'' and inserting ``net cfc
            tested income''.
                (ii) The item relating to section 951A in the table of
            sections for subpart F of part III of subchapter N of chapter 1
            is amended by striking ``Global intangible low-taxed income''
            and inserting ``Net CFC tested income''.
        (b) Deduction for Foreign-derived Deduction Eligible Income.--
            (1) In general.--Section 250(a)(1)(A) is amended by striking
        ``foreign-derived intangible income'' and inserting ``foreign-
        derived deduction eligible income''.
            (2) Conforming amendments.--
                (A) Section 250(a)(2) is amended by striking ``foreign-
            derived intangible income'' each place it appears and inserting
            ``foreign-derived deduction eligible income''.
                (B) Section 250(b), as amended by subsection (a), is
            amended--
                    (i) by striking paragraphs (1) and (2),
                    (ii) by redesignating paragraphs (4) and (5) as
                paragraphs (1) and (2), respectively, and by moving such
                paragraphs before paragraph (3),
                    (iii) in paragraph (2)(B)(ii), as so redesignated, by
                striking ``paragraph (4)(B)'' and inserting ``paragraph
                (1)(B)'', and
                    (iv) by striking ``Intangible'' in the heading thereof
                and inserting ``Deduction Eligible''.
                (C)(i) The heading for section 250 is amended by striking
            ``intangible'' in the heading thereof and inserting ``deduction
            eligible''.
                (ii) The heading for section 172(d)(9) is amended by
            striking ``intangible'' and inserting ``deduction eligible''.
                (iii) The item relating to section 250 in the table of
            sections for part VIII of subchapter B of chapter 1 is amended
            by striking ``intangible'' and inserting ``deduction
            eligible''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.

                       PART III--BASE EROSION MINIMUM TAX

    SEC. 70331. EXTENSION AND MODIFICATION OF BASE EROSION MINIMUM TAX
    AMOUNT.
        (a) In General.--Section 59A(b) is amended--
            (1) by striking ``10 percent'' in paragraph (1) and inserting
        ``10.5 percent'', and
            (2) by striking paragraph (2) and by redesignating paragraphs
        (3) and (4) as paragraphs (2) and (3), respectively.
        (b) Conforming Amendments.--
            (1) Section 59A(b)(1) is amended by striking ``Except as
        provided in paragraphs (2) and (3)'' and inserting ``Except as
        provided in paragraph (2)''.
            (2) Section 59A(b)(2), as redesignated by subsection (a)(2), is
        amended by striking ``the percentage otherwise in effect under
        paragraphs (1)(A) and (2)(A) shall each be increased'' and
        inserting ``the percentages otherwise in effect under paragraph
        (1)(A) shall be increased''.
            (3) Section 59A(e)(1)(C) is amended by striking ``in the case
        of a taxpayer described in subsection (b)(3)(B)'' and inserting
        ``in the case of a taxpayer described in subsection (b)(2)(B)''.
        (c) Other Modifications.--
            (1) Section 59A(b)(2)(B)(ii), as redesignated by subsection
        (a)(2), is amended by striking ``registered securities dealer'' and
        inserting ``securities dealer registered''.
            (2) Section 59A(h)(2)(B) is amended by striking ``section
        6038B(b)(2)'' and inserting ``section 6038A(b)(2)''.
            (3) Section 59A(i)(2) is amended--
                (A) by striking ``subsection (g)'' and inserting
            ``subsection (h)'', and
                (B) by striking ``subsection (g)(3)'' and inserting
            ``subsection (h)(3)''.
        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.

                     PART IV--BUSINESS INTEREST LIMITATION

    SEC. 70341. COORDINATION OF BUSINESS INTEREST LIMITATION WITH INTEREST
    CAPITALIZATION PROVISIONS.
        (a) In General.--Section 163(j) is amended by redesignating
    paragraphs (10) and (11) as paragraphs (11) and (12) and by inserting
    after paragraph (9) the following:
            ``(10) Coordination with interest capitalization provisions.--
                ``(A) In general.--In applying this subsection--
                    ``(i) the limitation under paragraph (1) shall apply to
                business interest without regard to whether the taxpayer
                would otherwise deduct such business interest or capitalize
                such business interest under an interest capitalization
                provision, and
                    ``(ii) any reference in this subsection to a deduction
                for business interest shall be treated as including a
                reference to the capitalization of business interest.
                ``(B) Amount allowed applied first to capitalized
            interest.--The amount allowed after taking into account the
            limitation described in paragraph (1)--
                    ``(i) shall be applied first to the aggregate amount of
                business interest which would otherwise be capitalized, and
                    ``(ii) the remainder (if any) shall be applied to the
                aggregate amount of business interest which would be
                deducted.
                ``(C) Treatment of disallowed interest carried forward.--No
            portion of any business interest carried forward under
            paragraph (2) from any taxable year to any succeeding taxable
            year shall, for purposes of this title (including any interest
            capitalization provision which previously applied to such
            portion) be treated as interest to which an interest
            capitalization provision applies.
                ``(D) Interest capitalization provision.--For purposes of
            this section, the term `interest capitalization provision'
            means any provision of this subtitle under which interest--
                    ``(i) is required to be charged to capital account, or
                    ``(ii) may be deducted or charged to capital
                account.''.
        (b) Certain Capitalized Interest Not Treated as Business
    Interest.--Section 163(j)(5) is amended by adding at the end the
    following new sentence: ``Such term shall not include any interest
    which is capitalized under section 263(g) or 263A(f).''.
        (c) Regulatory Authority.--Section 163(j), as amended by subsection
    (a), is amended by redesignating paragraphs (11) and (12) as paragraphs
    (12) and (13) and by inserting after paragraph (10) the following:
            ``(11) Regulatory authority.--The Secretary shall issue such
        regulations or guidance as may be necessary or appropriate to carry
        out the purposes of this subsection, including regulations or
        guidance to determine which business interest is taken into account
        under this subsection and section 59A(c)(3).''.
        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70342. DEFINITION OF ADJUSTED TAXABLE INCOME FOR BUSINESS INTEREST
    LIMITATION.
        (a) In General.--Subparagraph (A) of section 163(j)(8) is amended--
            (1) by striking ``and'' at the end of clause (iv), and
            (2) by adding at the end the following new clause:
                    ``(vi) the amounts included in gross income under
                sections 951(a), 951A(a), and 78 (and the portion of the
                deductions allowed under sections 245A(a) (by reason of
                section 964(e)(4)) and 250(a)(1)(B) by reason of such
                inclusions), and''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.

                    PART V--OTHER INTERNATIONAL TAX REFORMS

    SEC. 70351. PERMANENT EXTENSION OF LOOK-THRU RULE FOR RELATED
    CONTROLLED FOREIGN CORPORATIONS.
        (a) In General.--Section 954(c)(6)(C) is amended by striking ``and
    before January 1, 2026,''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years of foreign corporations beginning after December 31,
    2025.
    SEC. 70352. REPEAL OF ELECTION FOR 1-MONTH DEFERRAL IN DETERMINATION OF
    TAXABLE YEAR OF SPECIFIED FOREIGN CORPORATIONS.
        (a) In General.--Section 898(c) is amended by striking paragraph
    (2) and redesignating paragraph (3) as paragraph (2).
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years of specified foreign corporations beginning
    after November 30, 2025.
        (c) Transition Rule.--
            (1) In general.--In the case of a corporation that is a
        specified foreign corporation as of November 30, 2025, such
        corporation's first taxable year beginning after such date shall
        end at the same time as the first required year (within the meaning
        of section 898(c)(1) of the Internal Revenue Code of 1986) ending
        after such date. If any specified foreign corporation is required
        by the amendments made by this section to change its taxable year
        for its first taxable year beginning after November 30, 2025--
                (A) such change shall be treated as initiated by such
            corporation,
                (B) such change shall be treated as having been made with
            the consent of the Secretary, and
                (C) the Secretary shall issue regulations or other guidance
            for allocating foreign taxes that are paid or accrued in such
            first taxable year and the succeeding taxable year among such
            taxable years in the manner the Secretary determines
            appropriate to carry out the purposes of this section.
            (2) Secretary.--For purposes of this subsection, the term
        ``Secretary'' means the Secretary of the Treasury or the
        Secretary's delegate.
    SEC. 70353. RESTORATION OF LIMITATION ON DOWNWARD ATTRIBUTION OF STOCK
    OWNERSHIP IN APPLYING CONSTRUCTIVE OWNERSHIP RULES.
        (a) In General.--Section 958(b) is amended--
            (1) by inserting after paragraph (3) the following:
            ``(4) Subparagraphs (A), (B), and (C) of section 318(a)(3)
        shall not be applied so as to consider a United States person as
        owning stock which is owned by a person who is not a United States
        person.'', and
            (2) by striking ``Paragraph (1)'' in the last sentence and
        inserting ``Paragraphs (1) and (4)''.
        (b) Foreign Controlled United States Shareholders.--Subpart F of
    part III of subchapter N of chapter 1 is amended by inserting after
    section 951A the following new section:
    ``SEC. 951B. AMOUNTS INCLUDED IN GROSS INCOME OF FOREIGN CONTROLLED
    UNITED STATES SHAREHOLDERS.
        ``(a) In General.--In the case of any foreign controlled United
    States shareholder of a foreign controlled foreign corporation--
            ``(1) this subpart (other than sections 951A, 951(b), and 957)
        shall be applied with respect to such shareholder (separately from,
        and in addition to, the application of this subpart without regard
        to this section)--
                ``(A) by substituting `foreign controlled United States
            shareholder' for `United States shareholder' each place it
            appears therein, and
                ``(B) by substituting `foreign controlled foreign
            corporation' for `controlled foreign corporation' each place it
            appears therein, and
            ``(2) section 951A (and such other provisions of this subpart
        as provided by the Secretary) shall be applied with respect to such
        shareholder--
                ``(A) by treating each reference to `United States
            shareholder' in such section as including a reference to such
            shareholder, and
                ``(B) by treating each reference to `controlled foreign
            corporation' in such section as including a reference to such
            foreign controlled foreign corporation.
        ``(b) Foreign Controlled United States Shareholder.--For purposes
    of this section, the term `foreign controlled United States
    shareholder' means, with respect to any foreign corporation, any United
    States person which would be a United States shareholder with respect
    to such foreign corporation if--
            ``(1) section 951(b) were applied by substituting `more than 50
        percent' for `10 percent or more', and
            ``(2) section 958(b) were applied without regard to paragraph
        (4) thereof.
        ``(c) Foreign Controlled Foreign Corporation.--For purposes of this
    section, the term `foreign controlled foreign corporation' means a
    foreign corporation, other than a controlled foreign corporation, which
    would be a controlled foreign corporation if section 957(a) were
    applied--
            ``(1) by substituting `foreign controlled United States
        shareholders' for `United States shareholders', and
            ``(2) by substituting `section 958(b) (other than paragraph (4)
        thereof)' for `section 958(b)'.
        ``(d) Regulations.--The Secretary shall prescribe such regulations
    or other guidance as may be necessary or appropriate to carry out the
    purposes of this section, including regulations or other guidance--
            ``(1) to treat a foreign controlled United States shareholder
        or a foreign controlled foreign corporation as a United States
        shareholder or as a controlled foreign corporation, respectively,
        for purposes of provisions of this title other than this subpart
        (including any reporting requirement), and
            ``(2) with respect to the treatment of foreign controlled
        foreign corporations that are passive foreign investment companies
        (as defined in section 1297).''.
        (c) Clerical Amendment.--The table of sections for subpart F of
    part III of subchapter N of chapter 1 is amended by inserting after the
    item relating to section 951A the following new item:
    ``Sec. 951B. Amounts included in gross income of foreign controlled
              United States shareholders.''.

        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years of foreign corporations beginning after December
    31, 2025.
        (e) Special Rule.--
            (1) In general.--Except to the extent provided by the Secretary
        of the Treasury (or the Secretary's delegate), the effective date
        of any amendment to the Internal Revenue Code of 1986 shall be
        applied by treating references to United States shareholders as
        including references to foreign controlled United States
        shareholders, and by treating references to controlled foreign
        corporations as including references to foreign controlled foreign
        corporations.
            (2) Definitions.--Any term used in paragraph (1) which is used
        in subpart F of part III of subchapter N of chapter 1 of the
        Internal Revenue Code of 1986 (as amended by this section) shall
        have the meaning given such term in such subpart.
        (f) No Inference.--The amendments made by this section shall not be
    construed to create any inference with respect to the proper
    application of any provision of the Internal Revenue Code of 1986 with
    respect to taxable years beginning before the taxable years to which
    such amendments apply.
    SEC. 70354. MODIFICATIONS TO PRO RATA SHARE RULES.
        (a) In General.--Subsection (a) of section 951 is amended to read
    as follows:
        ``(a) Amounts Included.--
            ``(1) In general.--If a foreign corporation is a controlled
        foreign corporation at any time during a taxable year of the
        foreign corporation (in this subsection referred to as the `CFC
        year')--
                ``(A) each United States shareholder which owns (within the
            meaning of section 958(a)) stock in such corporation on any day
            during the CFC year shall include in gross income such
            shareholder's pro rata share (determined under paragraph (2))
            of the corporation's subpart F income for the CFC year, and
                ``(B) each United States shareholder which owns (within the
            meaning of section 958(a)) stock in such corporation on the
            last day, in the CFC year, on which such corporation is a
            controlled foreign corporation shall include in gross income
            the amount determined under section 956 with respect to such
            shareholder for the CFC year (but only to the extent not
            excluded from gross income under section 959(a)(2)).
            ``(2) Pro rata share of subpart f income.--A United States
        shareholder's pro rata share of a controlled foreign corporation's
        subpart F income for a CFC year shall be the portion of such income
        which is attributable to--
                ``(A) the stock of such corporation owned (within the
            meaning of section 958(a)) by such shareholder, and
                ``(B) any period of the CFC year during which--
                    ``(i) such shareholder owned (within the meaning of
                section 958(a)) such stock,
                    ``(ii) such shareholder was a United States shareholder
                of such corporation, and
                    ``(iii) such corporation was a controlled foreign
                corporation.
            ``(3) Taxable year of inclusion.--Any amount required to be
        included in gross income by a United States shareholder under
        paragraph (1) with respect to a CFC year shall be included in gross
        income for the shareholder's taxable year which includes the last
        day on which the shareholder owns (within the meaning of section
        958(a)) stock in the controlled foreign corporation during such CFC
        year.
            ``(4) Regulatory authority.--The Secretary shall prescribe such
        regulations or other guidance as may be necessary or appropriate to
        carry out the purposes of this subsection, including regulations or
        other guidance allowing taxpayers to elect, or requiring taxpayers,
        to close the taxable year of a controlled foreign corporation upon
        a direct or indirect disposition of stock of such corporation.''.
        (b) Coordination With Section 951A.--
            (1) Tested income.--Section 951A(b), as redesignated by section
        70323(a)(2), is amended--
                (A) in paragraph (1)(A), by striking ``(determined for each
            taxable year of such controlled foreign corporation which ends
            in or with such taxable year of such United States
            shareholder)'', and
                (B) in paragraph (1)(B), by striking ``(determined for each
            taxable year of such controlled foreign corporation which ends
            in or with such taxable year of such United States
            shareholder)''.
            (2) Pro rata share.--Section 951A(c), as redesignated by
        section 70323(a)(2), is amended--
                (A) in paragraph (1), by striking ``in which or with which
            the taxable year of the controlled foreign corporation ends''
            and inserting ``determined under section 951(a)(3)'', and
                (B) in paragraph (2), by striking ``the last day in the
            taxable year of such foreign corporation on which such foreign
            corporation is a controlled foreign corporation'' and inserting
            ``any day in such taxable year''.
        (c) Effective Dates.--
            (1) In general.--The amendments made by this section shall
        apply to taxable years of foreign corporations beginning after
        December 31, 2025.
            (2) Transition rule for dividends.--Except to the extent
        provided by the Secretary of the Treasury (or the Secretary's
        delegate), a dividend paid (or deemed paid) by a controlled foreign
        corporation shall not be treated as a dividend for purposes of
        applying section 951(a)(2)(B) of the Internal Revenue Code of 1986
        (as in effect before the amendments made by this section) if--
                (A) such dividend--
                    (i) was paid (or deemed paid) on or before June 28,
                2025, during the taxable year of such controlled foreign
                corporation which includes such date and the United States
                shareholder described in section 951(a)(1) of such Code (as
                so in effect) did not own (within the meaning of section
                958(a) of such Code) the stock of such controlled foreign
                corporation during the portion of such taxable year on or
                before June 28, 2025, or
                    (ii) was paid (or deemed paid) after June 28, 2025, and
                before such controlled foreign corporation's first taxable
                year beginning after December 31, 2025, and
                (B) such dividend does not increase the taxable income of a
            United States person that is subject to Federal income tax for
            the taxable year (including by reason of a dividends received
            deduction, an exclusion from gross income, or an exclusion from
            subpart F income).

       CHAPTER 4--INVESTING IN AMERICAN FAMILIES, COMMUNITIES, AND SMALL
                                   BUSINESSES

          Subchapter A--Permanent Investments in Families and Children

    SEC. 70401. ENHANCEMENT OF EMPLOYER-PROVIDED CHILD CARE CREDIT.
        (a) Increase of Amount of Qualified Child Care Expenditures Taken
    Into Account.--Section 45F(a)(1) is amended by striking ``25 percent''
    and inserting ``40 percent (50 percent in the case of an eligible small
    business)''.
        (b) Increase of Maximum Credit Amount.--Subsection (b) of section
    45F is amended to read as follows:
        ``(b) Dollar Limitation.--
            ``(1) In general.--The credit allowable under subsection (a)
        for any taxable year shall not exceed $500,000 ($600,000 in the
        case of an eligible small business).
            ``(2) Inflation adjustment.--In the case of any taxable year
        beginning after 2026, the $500,000 and $600,000 amounts in
        paragraph (1) shall each be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `calendar year 2025' for
            `calendar year 2016' in subparagraph (A)(ii) thereof.''.
        (c) Eligible Small Business.--Section 45F(c) is amended by adding
    at the end the following new paragraph:
            ``(4) Eligible small business.--The term `eligible small
        business' means a business that meets the gross receipts test of
        section 448(c), determined--
                ``(A) by substituting `5-taxable-year' for `3-taxable-year'
            in paragraph (1) thereof, and
                ``(B) by substituting `5-year' for `3-year' in paragraph
            (3)(A) thereof.''.
        (d) Credit Allowed for Third-party Intermediaries.--Section
    45F(c)(1)(A)(iii) is amended by inserting ``, or under a contract with
    an intermediate entity that contracts with one or more qualified child
    care facilities to provide such child care services'' before the period
    at the end.
        (e) Treatment of Jointly Owned or Operated Child Care Facility.--
    Section 45F(c)(2) is amended by adding at the end the following new
    subparagraph:
                ``(C) Treatment of jointly owned or operated child care
            facility.--A facility shall not fail to be treated as a
            qualified child care facility of the taxpayer merely because
            such facility is jointly owned or operated by the taxpayer and
            other persons.''.
        (f) Regulations and Guidance.--Section 45F is amended by adding at
    the end the following new subsection:
        ``(g) Regulations and Guidance.--The Secretary shall issue such
    regulations or other guidance as may be necessary to carry out the
    purposes of this section, including guidance to carry out the purposes
    of paragraphs (1)(A)(iii) and (2)(C) of subsection (c).''.
        (g) Effective Date.--The amendments made by this section shall
    apply to amounts paid or incurred after December 31, 2025.
    SEC. 70402. ENHANCEMENT OF ADOPTION CREDIT.
        (a) In General.--Section 23(a) is amended by adding at the end the
    following new paragraph:
            ``(4) Portion of credit refundable.--So much of the credit
        allowed under paragraph (1) as does not exceed $5,000 shall be
        treated as a credit allowed under subpart C and not as a credit
        allowed under this subpart.''.
        (b) Adjustments for Inflation.--Section 23(h) is amended to read as
    follows:
        ``(h) Adjustments for Inflation.--
            ``(1) In general.--In the case of a taxable year beginning
        after December 31, 2002, each of the dollar amounts in paragraphs
        (3) and (4) of subsection (a) and paragraphs (1) and (2)(A)(i) of
        subsection (b) shall be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `calendar year 2001' for
            `calendar year 2016' in subparagraph (A)(ii) thereof.
            ``(2) Rounding.--If any amount as increased under paragraph (1)
        is not a multiple of $10, such amount shall be rounded to the
        nearest multiple of $10.
            ``(3) Special rule for refundable portion.--In the case of the
        dollar amount in subsection (a)(4), paragraph (1) shall be
        applied--
                ``(A) by substituting `2025' for `2002' in the matter
            preceding subparagraph (A), and
                ``(B) by substituting `calendar year 2024' for `calendar
            year 2001' in subparagraph (B) thereof.''.
        (c) Exclusion of Refundable Portion of Credit From Carryforward.--
    Section 23(c)(1) is amended by striking ``credit allowable under
    subsection (a)'' and inserting ``portion of the credit allowable under
    subsection (a) which is allowed under this subpart''.
        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
    SEC. 70403. RECOGNIZING INDIAN TRIBAL GOVERNMENTS FOR PURPOSES OF
    DETERMINING WHETHER A CHILD HAS SPECIAL NEEDS FOR PURPOSES OF THE
    ADOPTION CREDIT.
        (a) In General.--Section 23(d)(3) is amended--
            (1) in subparagraph (A), by inserting ``or Indian tribal
        government'' after ``a State'', and
            (2) in subparagraph (B), by inserting ``or Indian tribal
        government'' after ``such State''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2024.
    SEC. 70404. ENHANCEMENT OF THE DEPENDENT CARE ASSISTANCE PROGRAM.
        (a) In General.--Section 129(a)(2)(A) is amended by striking
    ``$5,000 ($2,500'' and inserting ``$7,500 ($3,750''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.
    SEC. 70405. ENHANCEMENT OF CHILD AND DEPENDENT CARE TAX CREDIT.
        (a) In General.--Paragraph (2) of section 21(a) is amended to read
    as follows:
            ``(2) Applicable percentage defined.--For purposes of paragraph
        (1), the term `applicable percentage' means 50 percent--
                ``(A) reduced (but not below 35 percent) by 1 percentage
            point for each $2,000 or fraction thereof by which the
            taxpayer's adjusted gross income for the taxable year exceeds
            $15,000, and
                ``(B) further reduced (but not below 20 percent) by 1
            percentage point for each $2,000 ($4,000 in the case of a joint
            return) or fraction thereof by which the taxpayer's adjusted
            gross income for the taxable year exceeds $75,000 ($150,000 in
            the case of a joint return).''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.

      Subchapter B--Permanent Investments in Students and Reforms to Tax-
                              exempt Institutions

    SEC. 70411. TAX CREDIT FOR CONTRIBUTIONS OF INDIVIDUALS TO SCHOLARSHIP
    GRANTING ORGANIZATIONS.
        (a) Allowance of Credit for Contributions of Individuals to
    Scholarship Granting Organizations.--
            (1) In general.--Subpart A of part IV of subchapter A of
        chapter 1 is amended by inserting after section 25E the following
        new section:
        ``SEC. 25F. QUALIFIED ELEMENTARY AND SECONDARY EDUCATION
          SCHOLARSHIPS.
        ``(a) Allowance of Credit.--In the case of an individual who is a
    citizen or resident of the United States (within the meaning of section
    7701(a)(9)), there shall be allowed as a credit against the tax imposed
    by this chapter for the taxable year an amount equal to the aggregate
    amount of qualified contributions made by the taxpayer during the
    taxable year.
        ``(b) Limitations.--
            ``(1) In general.--The credit allowed under subsection (a) to
        any taxpayer for any taxable year shall not exceed $1,700.
            ``(2) Reduction based on state credit.--The amount allowed as a
        credit under subsection (a) for a taxable year shall be reduced by
        the amount allowed as a credit on any State tax return of the
        taxpayer for qualified contributions made by the taxpayer during
        the taxable year.
        ``(c) Definitions.--For purposes of this section--
            ``(1) Covered state.--The term `covered State' means one of the
        States, or the District of Columbia, that, for a calendar year,
        voluntarily elects to participate under this section and to
        identify scholarship granting organizations in the State, in
        accordance with subsection (g).
            ``(2) Eligible student.--The term `eligible student' means an
        individual who--
                ``(A) is a member of a household with an income which, for
            the calendar year prior to the date of the application for a
            scholarship, is not greater than 300 percent of the area median
            gross income (as such term is used in section 42), and
                ``(B) is eligible to enroll in a public elementary or
            secondary school.
            ``(3) Qualified contribution.--The term `qualified
        contribution' means a charitable contribution of cash to a
        scholarship granting organization that uses the contribution to
        fund scholarships for eligible students solely within the State in
        which the organization is listed pursuant to subsection (g).
            ``(4) Qualified elementary or secondary education expense.--The
        term `qualified elementary or secondary education expense' means
        any expense of an eligible student which is described in section
        530(b)(3)(A).
            ``(5) Scholarship granting organization.--The term `scholarship
        granting organization' means any organization--
                ``(A) which--
                    ``(i) is described in section 501(c)(3) and exempt from
                tax under section 501(a), and
                    ``(ii) is not a private foundation,
                ``(B) which prevents the co-mingling of qualified
            contributions with other amounts by maintaining one or more
            separate accounts exclusively for qualified contributions,
                ``(C) which satisfies the requirements of subsection (d),
            and
                ``(D) which is included on the list submitted for the
            applicable covered State under subsection (g) for the
            applicable year.
        ``(d) Requirements for Scholarship Granting Organizations.--
            ``(1) In general.--An organization meets the requirements of
        this subsection if--
                ``(A) such organization provides scholarships to 10 or more
            students who do not all attend the same school,
                ``(B) such organization spends not less than 90 percent of
            the income of the organization on scholarships for eligible
            students,
                ``(C) such organization does not provide scholarships for
            any expenses other than qualified elementary or secondary
            education expenses,
                ``(D) such organization provides a scholarship to eligible
            students with a priority for--
                    ``(i) students awarded a scholarship the previous
                school year, and
                    ``(ii) after application of clause (i), any eligible
                students who have a sibling who was awarded a scholarship
                from such organization,
                ``(E) such organization does not earmark or set aside
            contributions for scholarships on behalf of any particular
            student, and
                ``(F) such organization--
                    ``(i) verifies the annual household income and family
                size of eligible students who apply for scholarships to
                ensure such students meet the requirement of subsection
                (c)(2)(A), and
                    ``(ii) limits the awarding of scholarships to eligible
                students who are a member of a household for which the
                income does not exceed the amount established under
                subsection (c)(2)(A).
            ``(2) Prohibition on self-dealing.--
                ``(A) In general.--A scholarship granting organization may
            not award a scholarship to any disqualified person.
                ``(B) Disqualified person.--For purposes of this paragraph,
            a disqualified person shall be determined pursuant to rules
            similar to the rules of section 4946.
        ``(e) Denial of Double Benefit.--Any qualified contribution for
    which a credit is allowed under this section shall not be taken into
    account as a charitable contribution for purposes of section 170.
        ``(f) Carryforward of Unused Credit.--
            ``(1) In general.--If the credit allowable under subsection (a)
        for any taxable year exceeds the limitation imposed by section
        26(a) for such taxable year reduced by the sum of the credits
        allowable under this subpart (other than this section, section 23,
        and section 25D), such excess shall be carried to the succeeding
        taxable year and added to the credit allowable under subsection (a)
        for such taxable year.
            ``(2) Limitation.--No credit may be carried forward under this
        subsection to any taxable year following the fifth taxable year
        after the taxable year in which the credit arose. For purposes of
        the preceding sentence, credits shall be treated as used on a
        first-in first-out basis.
        ``(g) State List of Scholarship Granting Organizations.--
            ``(1) List.--
                ``(A) In general.--Not later than January 1 of each
            calendar year (or, with respect to the first calendar year for
            which this section applies, as early as practicable), a State
            that voluntarily elects to participate under this section shall
            provide to the Secretary a list of the scholarship granting
            organizations that meet the requirements described in
            subsection (c)(5) and are located in the State.
                ``(B) Process.--The election under this paragraph shall be
            made by the Governor of the State or by such other individual,
            agency, or entity as is designated under State law to make such
            elections on behalf of the State with respect to Federal tax
            benefits.
            ``(2) Certification.--Each list submitted under paragraph (1)
        shall include a certification that the individual, agency, or
        entity submitting such list on behalf of the State has the
        authority to perform this function.
        ``(h) Regulations and Guidance.--The Secretary shall issue such
    regulations or other guidance as the Secretary determines necessary to
    carry out the purposes of this section, including regulations or other
    guidance--
            ``(1) providing for enforcement of the requirements under
        subsections (d) and (g), and
            ``(2) with respect to recordkeeping or information reporting
        for purposes of administering the requirements of this section.''.
            (2) Conforming amendments.--
                (A) Section 25(e)(1)(C) is amended by striking ``and 25D''
            and inserting ``25D, and 25F''.
                (B) The table of sections for subpart A of part IV of
            subchapter A of chapter 1 is amended by inserting after the
            item relating to section 25E the following new item:
    ``Sec. 25F. Qualified elementary and secondary education
              scholarships.''.

        (b) Exclusion From Gross Income for Scholarships for Qualified
    Elementary or Secondary Education Expenses of Eligible Students.--
            (1) In general.--Part III of subchapter B of chapter 1 is
        amended by inserting before section 140 the following new section:
    ``SEC. 139K. SCHOLARSHIPS FOR QUALIFIED ELEMENTARY OR SECONDARY
    EDUCATION EXPENSES OF ELIGIBLE STUDENTS.
        ``(a) In General.--In the case of an individual, gross income shall
    not include any amounts provided to such individual or any dependent of
    such individual pursuant to a scholarship for qualified elementary or
    secondary education expenses of an eligible student which is provided
    by a scholarship granting organization.
        ``(b) Definitions.--In this section, the terms `qualified
    elementary or secondary education expense', `eligible student', and
    `scholarship granting organization' have the same meaning given such
    terms under section 25F(c).''.
            (2) Conforming amendment.--The table of sections for part III
        of subchapter B of chapter 1 is amended by inserting before the
        item relating to section 140 the following new item:
    ``Sec. 139K. Scholarships for qualified elementary or secondary
              education expenses of eligible students.''.

        (c) Effective Date.--
            (1) In general.--Except as otherwise provided in this
        subsection, the amendments made by this section shall apply to
        taxable years ending after December 31, 2026.
            (2) Exclusion from gross income.--The amendments made by
        subsection (b) shall apply to amounts received after December 31,
        2026, in taxable years ending after such date.
    SEC. 70412. EXCLUSION FOR EMPLOYER PAYMENTS OF STUDENT LOANS.
        (a) In General.--Section 127(c)(1)(B) is amended by striking ``in
    the case of payments made before January 1, 2026,''.
        (b) Inflation Adjustment.--Section 127 is amended--
            (1) by redesignating subsection (d) as subsection (e), and
            (2) by inserting after subsection (c) the following new
        subsection:
        ``(d) Inflation Adjustment.--
            ``(1) In general.--In the case of any taxable year beginning
        after 2026, both of the $5,250 amounts in subsection (a)(2) shall
        each be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `calendar year 2025' for
            `calendar year 2016' in subparagraph (A)(ii) thereof.
            ``(2) Rounding.--If any increase under paragraph (1) is not a
        multiple of $50, such increase shall be rounded to the nearest
        multiple of $50.''.
        (c) Effective Date.--The amendment made by this section shall apply
    to payments made after December 31, 2025.
    SEC. 70413. ADDITIONAL EXPENSES TREATED AS QUALIFIED HIGHER EDUCATION
    EXPENSES FOR PURPOSES OF 529 ACCOUNTS.
        (a) In General.--
            (1) In general.--Section 529(c)(7) is amended to read as
        follows:
            ``(7) Treatment of elementary and secondary tuition.--Any
        reference in this section to the term `qualified higher education
        expense' shall include a reference to the following expenses in
        connection with enrollment or attendance at, or for students
        enrolled at or attending, an elementary or secondary public,
        private, or religious school:
                ``(A) Tuition.
                ``(B) Curriculum and curricular materials.
                ``(C) Books or other instructional materials.
                ``(D) Online educational materials.
                ``(E) Tuition for tutoring or educational classes outside
            of the home, including at a tutoring facility, but only if the
            tutor or instructor is not related to the student and--
                    ``(i) is licensed as a teacher in any State,
                    ``(ii) has taught at an eligible educational
                institution, or
                    ``(iii) is a subject matter expert in the relevant
                subject.
                ``(F) Fees for a nationally standardized norm-referenced
            achievement test, an advanced placement examination, or any
            examinations related to college or university admission.
                ``(G) Fees for dual enrollment in an institution of higher
            education.
                ``(H) Educational therapies for students with disabilities
            provided by a licensed or accredited practitioner or provider,
            including occupational, behavioral, physical, and speech-
            language therapies.''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to distributions made after the date of the enactment
        of this Act.
        (b) Increase in Limitation.--
            (1) In general.--The last sentence of section 529(e)(3) is
        amended by striking ``$10,000'' and inserting ``$20,000''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to taxable years beginning after December 31, 2025.
    SEC. 70414. CERTAIN POSTSECONDARY CREDENTIALING EXPENSES TREATED AS
    QUALIFIED HIGHER EDUCATION EXPENSES FOR PURPOSES OF 529 ACCOUNTS.
        (a) In General.--Section 529(e)(3) is amended by adding at the end
    the following new subparagraph:
                ``(C) Certain postsecondary credentialing expenses.--The
            term `qualified higher education expenses' includes qualified
            postsecondary credentialing expenses (as defined in subsection
            (f)).''.
        (b) Qualified Postsecondary Credentialing Expenses.--Section 529 is
    amended by redesignating subsection (f) as subsection (g) and by
    inserting after subsection (e) the following new subsection:
        ``(f) Qualified Postsecondary Credentialing Expenses.--For purposes
    of this section--
            ``(1) In general.--The term `qualified postsecondary
        credentialing expenses' means--
                ``(A) tuition, fees, books, supplies, and equipment
            required for the enrollment or attendance of a designated
            beneficiary in a recognized postsecondary credential program,
            or any other expense incurred in connection with enrollment in
            or attendance at a recognized postsecondary credential program
            if such expense would, if incurred in connection with
            enrollment or attendance at an eligible educational
            institution, be covered under subsection (e)(3)(A),
                ``(B) fees for testing if such testing is required to
            obtain or maintain a recognized postsecondary credential, and
                ``(C) fees for continuing education if such education is
            required to maintain a recognized postsecondary credential.
            ``(2) Recognized postsecondary credential program.--The term
        `recognized postsecondary credential program' means any program to
        obtain a recognized postsecondary credential if--
                ``(A) such program is included on a State list prepared
            under section 122(d) of the Workforce Innovation and
            Opportunity Act (29 U.S.C. 3152(d)),
                ``(B) such program is listed in the public directory of the
            Web Enabled Approval Management System (WEAMS) of the Veterans
            Benefits Administration, or successor directory such program,
                ``(C) an examination (developed or administered by an
            organization widely recognized as providing reputable
            credentials in the occupation) is required to obtain or
            maintain such credential and such organization recognizes such
            program as providing training or education which prepares
            individuals to take such examination, or
                ``(D) such program is identified by the Secretary, after
            consultation with the Secretary of Labor, as being a reputable
            program for obtaining a recognized postsecondary credential for
            purposes of this subparagraph.
            ``(3) Recognized postsecondary credential.--The term
        `recognized postsecondary credential' means--
                ``(A) any postsecondary employment credential that is
            industry recognized and is--
                    ``(i) any postsecondary employment credential issued by
                a program that is accredited by the Institute for
                Credentialing Excellence, the National Commission on
                Certifying Agencies, or the American National Standards
                Institute,
                    ``(ii) any postsecondary employment credential that is
                included in the Credentialing Opportunities On-Line (COOL)
                directory of credentialing programs (or successor
                directory) maintained by the Department of Defense or by
                any branch of the Armed Forces, or
                    ``(iii) any postsecondary employment credential
                identified for purposes of this clause by the Secretary,
                after consultation with the Secretary of Labor, as being
                industry recognized,
                ``(B) any certificate of completion of an apprenticeship
            that is registered and certified with the Secretary of Labor
            under the Act of August 16, 1937 (commonly known as the
            `National Apprenticeship Act'; 50 Stat. 664, chapter 663; 29
            U.S.C. 50 et seq.),
                ``(C) any occupational or professional license issued or
            recognized by a State or the Federal Government (and any
            certification that satisfies a condition for obtaining such a
            license), and
                ``(D) any recognized postsecondary credential as defined in
            section 3(52) of the Workforce Innovation and Opportunity Act
            (29 U.S.C. 3102(52)), provided through a program described in
            paragraph (2)(A).''.
        (c) Effective Date.--The amendments made by this section shall
    apply to distributions made after the date of the enactment of this
    Act.
    SEC. 70415. MODIFICATION OF EXCISE TAX ON INVESTMENT INCOME OF CERTAIN
    PRIVATE COLLEGES AND UNIVERSITIES.
        (a) In General.--Section 4968 is amended to read as follows:
    ``SEC. 4968. EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE COLLEGES
    AND UNIVERSITIES.
        ``(a) Tax Imposed.--There is hereby imposed on each applicable
    educational institution for the taxable year a tax equal to the
    applicable percentage of the net investment income of such institution
    for the taxable year.
        ``(b) Applicable Percentage.--For purposes of this section, the
    term `applicable percentage' means--
            ``(1) 1.4 percent in the case of an institution with a student
        adjusted endowment of at least $500,000, and not in excess of
        $750,000,
            ``(2) 4 percent in the case of an institution with a student
        adjusted endowment in excess of $750,000, and not in excess of
        $2,000,000, and
            ``(3) 8 percent in the case of an institution with a student
        adjusted endowment in excess of $2,000,000.
        ``(c) Applicable Educational Institution.--For purposes of this
    subchapter, the term `applicable educational institution' means an
    eligible educational institution (as defined in section 25A(f)(2))--
            ``(1) which had at least 3,000 tuition-paying students during
        the preceding taxable year,
            ``(2) more than 50 percent of the tuition-paying students of
        which are located in the United States,
            ``(3) the student adjusted endowment of which is at least
        $500,000, and
            ``(4) which is not described in the first sentence of section
        511(a)(2)(B) (relating to State colleges and universities).
        ``(d) Student Adjusted Endowment.--For purposes of this section,
    the term `student adjusted endowment' means, with respect to any
    institution for any taxable year--
            ``(1) the aggregate fair market value of the assets of such
        institution (determined as of the end of the preceding taxable
        year), other than those assets which are used directly in carrying
        out the institution's exempt purpose, divided by
            ``(2) the number of students of such institution.
        ``(e) Determination of Number of Students.--For purposes of
    subsections (c) and (d), the number of students of an institution
    (including for purposes of determining the number of students at a
    particular location) shall be based on the daily average number of
    full-time students attending such institution (with part-time students
    taken into account on a full-time student equivalent basis).
        ``(f) Net Investment Income.--For purposes of this section--
            ``(1) In general.--Net investment income shall be determined
        under rules similar to the rules of section 4940(c).
            ``(2) Override of certain regulatory exceptions.--
                ``(A) Student loan interest.--Net investment income shall
            be determined by taking into account any interest income from a
            student loan made by the applicable educational institution (or
            any related organization) as gross investment income.
                ``(B) Federally-subsidized royalty income.--
                    ``(i) In general.--Net investment income shall be
                determined by taking into account any Federally-subsidized
                royalty income as gross investment income.
                    ``(ii) Federally-subsidized royalty income.--For
                purposes of this subparagraph--

                        ``(I) In general.--The term `Federally-subsidized
                    royalty income' means any otherwise-regulatory-exempt
                    royalty income if any Federal funds were used in the
                    research, development, or creation of the patent,
                    copyright, or other intellectual or intangible property
                    from which such royalty income is derived.
                        ``(II) Otherwise-regulatory-exempt royalty
                    income.--For purposes of this subparagraph, the term
                    `otherwise-regulatory-exempt royalty income' means
                    royalty income which (but for this subparagraph) would
                    not be taken into account as gross investment income by
                    reason of being derived from patents, copyrights, or
                    other intellectual or intangible property which
                    resulted from the work of students or faculty members
                    in their capacities as such with the applicable
                    educational institution.
                        ``(III) Federal funds.--The term `Federal funds'
                    includes any grant made by, and any payment made under
                    any contract with, any Federal agency to the applicable
                    educational institution, any related organization, or
                    any student or faculty member referred to in subclause
                    (II).

        ``(g) Assets and Net Investment Income of Related Organizations.--
            ``(1) In general.--For purposes of subsections (d) and (f),
        assets and net investment income of any related organization with
        respect to an educational institution shall be treated as assets
        and net investment income, respectively, of the educational
        institution, except that--
                ``(A) no such amount shall be taken into account with
            respect to more than 1 educational institution, and
                ``(B) unless such organization is controlled by such
            institution or is described in section 509(a)(3) with respect
            to such institution for the taxable year, assets and net
            investment income which are not intended or available for the
            use or benefit of the educational institution shall not be
            taken into account.
            ``(2) Related organization.--For purposes of this subsection,
        the term `related organization' means, with respect to an
        educational institution, any organization which--
                ``(A) controls, or is controlled by, such institution,
                ``(B) is controlled by 1 or more persons which also control
            such institution, or
                ``(C) is a supported organization (as defined in section
            509(f)(3)), or an organization described in section 509(a)(3),
            during the taxable year with respect to such institution.
        ``(h) Regulations.--The Secretary shall prescribe such regulations
    or other guidance as may be necessary to prevent avoidance of the tax
    under this section, including regulations or other guidance to prevent
    avoidance of such tax through the restructuring of endowment funds or
    other arrangements designed to reduce or eliminate the value of net
    investment income or assets subject to the tax imposed by this
    section.''.
        (b) Requirement to Report Certain Information With Respect to
    Application of Excise Tax Based on Investment Income of Private
    Colleges and Universities.--Section 6033 is amended by redesignating
    subsection (o) as subsection (p) and by inserting after subsection (n)
    the following new subsection:
        ``(o) Requirement to Report Certain Information With Respect to
    Excise Tax Based on Investment Income of Private Colleges and
    Universities.--Each applicable educational institution described in
    section 4968(c) which is subject to the requirements of subsection (a)
    shall include on the return required under subsection (a)--
            ``(1) the number of tuition-paying students taken into account
        under section 4968(c), and
            ``(2) the number of students of such institution (determined
        under the rules of section 4968(e)).''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70416. EXPANDING APPLICATION OF TAX ON EXCESS COMPENSATION WITHIN
    TAX-EXEMPT ORGANIZATIONS.
        (a) In General.--Section 4960(c)(2) is amended to read as follows:
            ``(2) Covered employee.--For purposes of this section, the term
        `covered employee' means any employee of an applicable tax-exempt
        organization (or any predecessor of such an organization) and any
        former employee of such an organization (or predecessor) who was
        such an employee during any taxable year beginning after December
        31, 2016.''.
        (b) Effective Date.--The amendment made by subsection (a) shall
    apply to taxable years beginning after December 31, 2025.

          Subchapter C--Permanent Investments in Community Development

    SEC. 70421. PERMANENT RENEWAL AND ENHANCEMENT OF OPPORTUNITY ZONES.
        (a) Decennial Designations.--
            (1) Determination period.--Section 1400Z-1(c)(2)(B) is amended
        by striking ``beginning on the date of the enactment of the Tax
        Cuts and Jobs Act'' and inserting ``beginning on the decennial
        determination date''.
            (2) Decennial determination date.--Section 1400Z-1(c)(2) is
        amended by adding at the end the following new subparagraph:
                ``(C) Decennial determination date.--The term `decennial
            determination date' means--
                    ``(i) July 1, 2026, and
                    ``(ii) each July 1 of the year that is 10 years after
                the preceding decennial determination date under this
                subparagraph.''.
            (3) Repeal of special rule for puerto rico.--Section 1400Z-1(b)
        is amended by striking paragraph (3).
            (4) Limitation on number of designations.--Section 1400Z-
        1(d)(1) is amended--
                (A) in paragraph (1)--
                    (i) by striking ``and subsection (b)(3)'', and
                    (ii) by inserting ``during any period'' after ``the
                number of population census tracts in a State that may be
                designated as qualified opportunity zones under this
                section'', and
                (B) in paragraph (2), by inserting ``during any period''
            before the period at the end.
            (5) Effective dates.--
                (A) In general.--Except as provided in subparagraph (B),
            the amendments made by this subsection shall take effect on the
            date of the enactment of this Act.
                (B) Puerto rico.--The amendment made by paragraph (3) shall
            take effect on December 31, 2026.
        (b) Qualification for Designations.--
            (1) Determination of low-income communities.--Section 1400Z-
        1(c) is amended by striking all that precedes paragraph (2) and
        inserting the following:
        ``(c) Other Definitions.--For purposes of this section--
            ``(1) Low-income communities.--The term `low-income community'
        means any population census tract if--
                ``(A) such population census tract has a median family
            income that--
                    ``(i) in the case of a population census tract not
                located within a metropolitan area, does not exceed 70
                percent of the statewide median family income, or
                    ``(ii) in the case of a population census tract located
                within a metropolitan area, does not exceed 70 percent of
                the metropolitan area median family income, or
                ``(B) such population census tract--
                    ``(i) has a poverty rate of at least 20 percent, and
                    ``(ii) has a median family income that--

                        ``(I) in the case of a population census tract not
                    located within a metropolitan area, does not exceed 125
                    percent of the statewide median family income, or
                        ``(II) in the case of a population census tract
                    located within a metropolitan area, does not exceed 125
                    percent of the metropolitan area median family
                    income.''.

            (2) Repeal of rule for contiguous census tracts.--Section
        1400Z-1 is amended by striking subsection (e) and by redesignating
        subsection (f) as subsection (e).
            (3) Period for which designation is in effect.--Section 1400Z-
        1(e), as redesignated by paragraph (2), is amended to read as
        follows:
        ``(e) Period for Which Designation Is in Effect.--
            ``(1) In general.--A designation as a qualified opportunity
        zone shall remain in effect for the period beginning on the
        applicable start date and ending on the day before the date that is
        10 years after the applicable start date.
            ``(2) Applicable start date.--For purposes of this section, the
        term `applicable start date' means, with respect to any qualified
        opportunity zone designated under this section, the January 1
        following the date on which such qualified opportunity zone was
        certified and designated by the Secretary under subsection
        (b)(1)(B).''.
            (4) Effective date.--The amendments made by this subsection
        shall apply to areas designated under section 1400Z-1 of the
        Internal Revenue Code of 1986 after the date of the enactment of
        this Act.
        (c) Application of Special Rules for Capital Gains.--
            (1) Repeal of sunset on election.--Section 1400Z-2(a)(2) is
        amended to read as follows:
            ``(2) Election.--No election may be made under paragraph (1)
        with respect to a sale or exchange if an election previously made
        with respect to such sale or exchange is in effect.''.
            (2) Modification of rules for deferral of gain.--Section 1400Z-
        2(b) is amended to read as follows:
        ``(b) Deferral of Gain Invested in Opportunity Zone Property.--
            ``(1) Year of inclusion.--Gain to which subsection (a)(1)(B)
        applies shall be included in gross income in the taxable year which
        includes the earlier of--
                ``(A) the date on which such investment is sold or
            exchanged, or
                ``(B) the date which is 5 years after the date the
            investment in the qualified opportunity fund was made.
            ``(2) Amount includible.--
                ``(A) In general.--The amount of gain included in gross
            income under subsection (a)(1)(B) shall be the excess of--
                    ``(i) the lesser of the amount of gain excluded under
                subsection (a)(1)(A) or the fair market value of the
                investment as determined as of the date described in
                paragraph (1), over
                    ``(ii) the taxpayer's basis in the investment.
                ``(B) Determination of basis.--
                    ``(i) In general.--Except as otherwise provided in this
                subparagraph or subsection (c), the taxpayer's basis in the
                investment shall be zero.
                    ``(ii) Increase for gain recognized under subsection
                (a)(1)(B).--The basis in the investment shall be increased
                by the amount of gain recognized by reason of subsection
                (a)(1)(B) with respect to such investment.
                    ``(iii) Investments held for 5 years.--

                        ``(I) In general.--In the case of any investment
                    held for at least 5 years, the basis of such investment
                    shall be increased by an amount equal to 10 percent (30
                    percent in the case of any investment in a qualified
                    rural opportunity fund) of the amount of gain deferred
                    by reason of subsection (a)(1)(A).
                        ``(II) Application of increase.--For purposes of
                    this subsection, any increase in basis under this
                    clause shall be treated as occurring before the date
                    described in paragraph (1)(B).

                ``(C) Qualified rural opportunity fund.--For purposes of
            subparagraph (B)(iii)--
                    ``(i) Qualified rural opportunity fund.--The term
                `qualified rural opportunity fund' means a qualified
                opportunity fund that holds at least 90 percent of its
                assets in qualified opportunity zone property which--

                        ``(I) is qualified opportunity zone business
                    property substantially all of the use of which, during
                    substantially all of the fund's holding period for such
                    property, was in a qualified opportunity zone comprised
                    entirely of a rural area, or
                        ``(II) is qualified opportunity zone stock, or a
                    qualified opportunity zone partnership interest, in a
                    qualified opportunity zone business in which
                    substantially all of the tangible property owned or
                    leased is qualified opportunity zone business property
                    described in subsection (d)(3)(A)(i) and substantially
                    all the use of which is in a qualified opportunity zone
                    comprised entirely of a rural area.

                For purposes of the preceding sentence, property held in
                the fund shall be measured under rules similar to the rules
                of subsection (d)(1).
                    ``(ii) Rural area.--The term `rural area' means any
                area other than--

                        ``(I) a city or town that has a population of
                    greater than 50,000 inhabitants, and
                        ``(II) any urbanized area contiguous and adjacent
                    to a city or town described in subclause (I).''.

            (3) Special rule for investments held at least 10 years.--
        Section 1400Z-2(c) is amended by striking ``makes an election under
        this clause'' and all that follows and inserting ``makes an
        election under this subsection, the basis of such investment shall
        be equal to--
                ``(A) in the case of an investment sold before the date
            that is 30 years after the date of the investment, the fair
            market value of such investment on the date such investment is
            sold or exchanged, or
                ``(B) in any other case, the fair market value of such
            investment on the date that is 30 years after the date of the
            investment.''.
            (4) Determination of qualified opportunity zone property.--
                (A) Qualified opportunity zone business property.--Section
            1400Z-2(d)(2)(D)(i)(I) is amended by striking ``December 31,
            2017'' and inserting ``the applicable start date (as defined in
            section 1400Z-1(e)(2)) with respect to the qualified
            opportunity zone described in subclause (III)''.
                (B) Qualified opportunity zone stock and partnership
            interests.--Section 1400Z-2(d)(2) is amended--
                    (i) by striking ``December 31, 2017,'' each place it
                appears in subparagraphs (B)(i)(I) and (C)(i) and inserting
                ``the applicable date'', and
                    (ii) by adding at the end the following new
                subparagraph:
                ``(E) Applicable date.--For purposes of this subparagraph,
            the term `applicable date' means, with respect to any
            corporation or partnership which is a qualified opportunity
            zone business, the earliest date described in subparagraph
            (D)(i)(I) with respect to the qualified opportunity zone
            business property held by such qualified opportunity zone
            business.''.
                (C) Special rule for improvement of existing structures in
            rural areas.--Section 1400Z-2(d)(2)(D)(ii) is amended by
            inserting ``(50 percent of such adjusted basis in the case of
            property in a qualified opportunity zone comprised entirely of
            a rural area (as defined in subsection (b)(2)(C)(ii))'' after
            ``the adjusted basis of such property''.
            (5) Effective dates.--
                (A) In general.--Except as otherwise provided in this
            paragraph, the amendments made by this subsection shall apply
            to amounts invested in qualified opportunity funds after
            December 31, 2026.
                (B) Acquisition of qualified opportunity zone property.--
            The amendments made by subparagraphs (A) and (B) of paragraph
            (4) shall apply to property acquired after December 31, 2026.
                (C) Substantial improvement.--The amendment made by
            paragraph (4)(C) shall take effect on the date of the enactment
            of this Act.
        (d) Information Reporting on Qualified Opportunity Funds and
    Qualified Rural Opportunity Funds.--
            (1) Filing requirements for funds and investors.--Subpart A of
        part III of subchapter A of chapter 61 is amended by inserting
        after section 6039J the following new sections:
    ``SEC. 6039K. RETURNS WITH RESPECT TO QUALIFIED OPPORTUNITY FUNDS AND
    QUALIFIED RURAL OPPORTUNITY FUNDS.
        ``(a) In General.--Every qualified opportunity fund shall file an
    annual return (at such time and in such manner as the Secretary may
    prescribe) containing the information described in subsection (b).
        ``(b) Information From Qualified Opportunity Funds.--The
    information described in this subsection is--
            ``(1) the name, address, and taxpayer identification number of
        the qualified opportunity fund,
            ``(2) whether the qualified opportunity fund is organized as a
        corporation or a partnership,
            ``(3) the value of the total assets held by the qualified
        opportunity fund as of each date described in section 1400Z-
        2(d)(1),
            ``(4) the value of all qualified opportunity zone property held
        by the qualified opportunity fund on each such date,
            ``(5) with respect to each investment held by the qualified
        opportunity fund in qualified opportunity zone stock or a qualified
        opportunity zone partnership interest--
                ``(A) the name, address, and taxpayer identification number
            of the corporation in which such stock is held or the
            partnership in which such interest is held, as the case may be,
                ``(B) each North American Industry Classification System
            (NAICS) code that applies to the trades or businesses conducted
            by such corporation or partnership,
                ``(C) the population census tract or population census
            tracts in which the qualified opportunity zone business
            property of such corporation or partnership is located,
                ``(D) the amount of the investment in such stock or
            partnership interest as of each date described in section
            1400Z-2(d)(1),
                ``(E) the value of tangible property held by such
            corporation or partnership on each such date which is owned by
            such corporation or partnership,
                ``(F) the value of tangible property held by such
            corporation or partnership on each such date which is leased by
            such corporation or partnership,
                ``(G) the approximate number of residential units (if any)
            for any real property held by such corporation or partnership,
            and
                ``(H) the approximate average monthly number of full-time
            equivalent employees of such corporation or partnership for the
            year (within numerical ranges identified by the Secretary) or
            such other indication of the employment impact of such
            corporation or partnership as determined appropriate by the
            Secretary,
            ``(6) with respect to the items of qualified opportunity zone
        business property held by the qualified opportunity fund--
                ``(A) the North American Industry Classification System
            (NAICS) code that applies to the trades or businesses in which
            such property is held,
                ``(B) the population census tract in which the property is
            located,
                ``(C) whether the property is owned or leased,
                ``(D) the aggregate value of the items of qualified
            opportunity zone property held by the qualified opportunity
            fund as of each date described in section 1400Z-2(d)(1), and
                ``(E) in the case of real property, the number of
            residential units (if any),
            ``(7) the approximate average monthly number of full-time
        equivalent employees for the year of the trades or businesses of
        the qualified opportunity fund in which qualified opportunity zone
        business property is held (within numerical ranges identified by
        the Secretary) or such other indication of the employment impact of
        such trades or businesses as determined appropriate by the
        Secretary,
            ``(8) with respect to each person who disposed of an investment
        in the qualified opportunity fund during the year--
                ``(A) the name, address, and taxpayer identification number
            of such person,
                ``(B) the date or dates on which the investment disposed
            was acquired, and
                ``(C) the date or dates on which any such investment was
            disposed and the amount of the investment disposed, and
            ``(9) such other information as the Secretary may require.
        ``(c) Statement Required to Be Furnished to Investors.--Every
    person required to make a return under subsection (a) shall furnish to
    each person whose name is required to be set forth in such return by
    reason of subsection (b)(8) (at such time and in such manner as the
    Secretary may prescribe) a written statement showing--
            ``(1) the name, address, and phone number of the information
        contact of the person required to make such return, and
            ``(2) the information required to be shown on such return by
        reason of subsection (b)(8) with respect to the person whose name
        is required to be so set forth.
        ``(d) Definitions.--For purposes of this section--
            ``(1) In general.--Any term used in this section which is also
        used in subchapter Z of chapter 1 shall have the meaning given such
        term under such subchapter.
            ``(2) Full-time equivalent employees.--The term `full-time
        equivalent employees' means, with respect to any month, the sum
        of--
                ``(A) the number of full-time employees (as defined in
            section 4980H(c)(4)) for the month, plus
                ``(B) the number of employees determined (under rules
            similar to the rules of section 4980H(c)(2)(E)) by dividing the
            aggregate number of hours of service of employees who are not
            full-time employees for the month by 120.
        ``(e) Application to Qualified Rural Opportunity Funds.--Every
    qualified rural opportunity fund (as defined in section 1400Z-
    2(b)(2)(C)) shall file the annual return required under subsection (a),
    and the statements required under subsection (c), applied--
            ``(1) by substituting `qualified rural opportunity' for
        `qualified opportunity' each place it appears,
            ``(2) by substituting `section 1400Z-2(b)(2)(C)' for `section
        1400Z-2(d)(1)' each place it appears, and
            ``(3) by treating any reference (after the application of
        paragraph (1)) to qualified rural opportunity zone stock, a
        qualified rural opportunity zone partnership interest, a qualified
        rural opportunity zone business, or qualified opportunity zone
        business property as stock, an interest, a business, or property,
        respectively, described in subclause (I) or (II), as the case may
        be, of section 1400Z-2(b)(2)(C)(i).
    ``SEC. 6039L. INFORMATION REQUIRED FROM QUALIFIED OPPORTUNITY ZONE
    BUSINESSES AND QUALIFIED RURAL OPPORTUNITY ZONE BUSINESSES.
        ``(a) In General.--Every applicable qualified opportunity zone
    business shall furnish to the qualified opportunity fund described in
    subsection (b) a written statement at such time, in such manner, and
    setting forth such information as the Secretary may by regulations
    prescribe for purposes of enabling such qualified opportunity fund to
    meet the requirements of section 6039K(b)(5).
        ``(b) Applicable Qualified Opportunity Zone Business.--For purposes
    of subsection (a), the term `applicable qualified opportunity zone
    business' means any qualified opportunity zone business--
            ``(1) which is a trade or business of a qualified opportunity
        fund,
            ``(2) in which a qualified opportunity fund holds qualified
        opportunity zone stock, or
            ``(3) in which a qualified opportunity fund holds a qualified
        opportunity zone partnership interest.
        ``(c) Other Terms.--Any term used in this section which is also
    used in subchapter Z of chapter 1 shall have the meaning given such
    term under such subchapter.
        ``(d) Application to Qualified Rural Opportunity Businesses.--Every
    applicable qualified rural opportunity zone business (as defined in
    subsection (b) determined after application of the substitutions
    described in this sentence) shall furnish the written statement
    required under subsection (a), applied--
            ``(1) by substituting `qualified rural opportunity' for
        `qualified opportunity' each place it appears, and
            ``(2) by treating any reference (after the application of
        paragraph (1)) to qualified rural opportunity zone stock, a
        qualified rural opportunity zone partnership interest, or a
        qualified rural opportunity zone business as stock, an interest, or
        a business, respectively, described in subclause (I) or (II), as
        the case may be, of section 1400Z-2(b)(2)(C)(i).''.
            (2) Penalties.--
                (A) In general.--Part II of subchapter B of chapter 68 is
            amended by inserting after section 6725 the following new
            section:
    ``SEC. 6726. FAILURE TO COMPLY WITH INFORMATION REPORTING REQUIREMENTS
    RELATING TO QUALIFIED OPPORTUNITY FUNDS AND QUALIFIED RURAL OPPORTUNITY
    FUNDS.
        ``(a) In General.--If any person required to file a return under
    section 6039K fails to file a complete and correct return under such
    section in the time and in the manner prescribed therefor, such person
    shall pay a penalty of $500 for each day during which such failure
    continues.
        ``(b) Limitation.--
            ``(1) In general.--The maximum penalty under this section on
        failures with respect to any 1 return shall not exceed $10,000.
            ``(2) Large qualified opportunity funds.--In the case of any
        failure described in subsection (a) with respect to a fund the
        gross assets of which (determined on the last day of the taxable
        year) are in excess of $10,000,000, paragraph (1) shall be applied
        by substituting `$50,000' for `$10,000'.
        ``(c) Penalty in Cases of Intentional Disregard.--If a failure
    described in subsection (a) is due to intentional disregard, then--
            ``(1) subsection (a) shall be applied by substituting `$2,500'
        for `$500',
            ``(2) subsection (b)(1) shall be applied by substituting
        `$50,000' for `$10,000', and
            ``(3) subsection (b)(2) shall be applied by substituting
        `$250,000' for `$50,000'.
        ``(d) Inflation Adjustment.--
            ``(1) In general.--In the case of any failure relating to a
        return required to be filed in a calendar year beginning after
        2025, each of the dollar amounts in subsections (a), (b), and (c)
        shall be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year determined by
            substituting `calendar year 2024' for `calendar year 2016' in
            subparagraph (A)(ii) thereof.
            ``(2) Rounding.--
                ``(A) In general.--If the $500 dollar amount in subsection
            (a) and (c)(1) or the $2,500 amount in subsection (c)(1), after
            being increased under paragraph (1), is not a multiple of $10,
            such dollar amount shall be rounded to the next lowest multiple
            of $10.
                ``(B) Asset threshold.--If the $10,000,000 dollar amount in
            subsection (b)(2), after being increased under paragraph (1),
            is not a multiple of $10,000, such dollar amount shall be
            rounded to the next lowest multiple of $10,000.
                ``(C) Other dollar amounts.--If any dollar amount in
            subsection (b) or (c) (other than any amount to which
            subparagraph (A) or (B) applies), after being increased under
            paragraph (1), is not a multiple of $1,000, such dollar amount
            shall be rounded to the next lowest multiple of $1,000.''.
                (B) Information required to be sent to other taxpayers.--
            Section 6724(d)(2), as amended by the preceding provisions of
            this Act, is amended--
                    (i) by striking ``or'' at the end of subparagraph (LL),
                    (ii) by striking the period at the end of subparagraph
                (MM) and inserting a comma, and
                    (iii) by inserting after subparagraph (MM) the
                following new subparagraphs:
                ``(NN) section 6039K(c) (relating to disposition of
            qualified opportunity fund investments), or
                ``(OO) section 6039L (relating to information required from
            certain qualified opportunity zone businesses and qualified
            rural opportunity zone businesses).''.
            (3) Electronic filing.--Section 6011(e) is amended by adding at
        the end the following new paragraph:
            ``(8) Qualified opportunity funds and qualified rural
        opportunity funds.--Notwithstanding paragraphs (1) and (2), any
        return filed by a qualified opportunity fund or qualified rural
        opportunity fund under section 6039K shall be filed on magnetic
        media or other machine-readable form.''.
            (4) Clerical amendments.--
                (A) The table of sections for subpart A of part III of
            subchapter A of chapter 61 is amended by inserting after the
            item relating to section 6039J the following new items:
    ``Sec. 6039K. Returns with respect to qualified opportunity funds and
              qualified rural opportunity funds.
    ``Sec. 6039L. Information required from qualified opportunity zone
              businesses and qualified rural opportunity zone businesses.''.

                (B) The table of sections for part II of subchapter B of
            chapter 68 is amended by inserting after the item relating to
            section 6725 the following new item:
    ``Sec. 6726. Failure to comply with information reporting requirements
              relating to qualified opportunity funds and qualified rural
              opportunity funds.''.

            (5) Effective date.--The amendments made by this subsection
        shall apply to taxable years beginning after the date of the
        enactment of this Act.
        (e) Secretary Reporting of Data on Opportunity Zone and Rural
    Opportunity Zone Tax Incentives.--
            (1) In general.--In addition to amounts otherwise available,
        there is appropriated, out of any money in the Treasury not
        otherwise appropriated, $15,000,000, to remain available until
        September 30, 2028, for necessary expenses of the Internal Revenue
        Service to make the reports described in paragraph (2).
            (2) Reports.--As soon as practical after the date of the
        enactment of this Act, and annually thereafter, the Secretary of
        the Treasury, or the Secretary's delegate (referred to in this
        section as the ``Secretary'') shall make publicly available a
        report on qualified opportunity funds.
            (3) Information included.--The report required under paragraph
        (2) shall include, to the extent available, the following
        information:
                (A) The number of qualified opportunity funds.
                (B) The aggregate dollar amount of assets held in qualified
            opportunity funds.
                (C) The aggregate dollar amount of investments made by
            qualified opportunity funds in qualified opportunity fund
            property, stated separately for each North American Industry
            Classification System (NAICS) code.
                (D) The percentage of population census tracts designated
            as qualified opportunity zones that have received qualified
            opportunity fund investments.
                (E) For each population census tract designated as a
            qualified opportunity zone, the approximate average monthly
            number of full-time equivalent employees of the qualified
            opportunity zone businesses in such qualified opportunity zone
            for the preceding 12-month period (within numerical ranges
            identified by the Secretary) or such other indication of the
            employment impact of such qualified opportunity fund businesses
            as determined appropriate by the Secretary.
                (F) The percentage of the total amount of investments made
            by qualified opportunity funds in--
                    (i) qualified opportunity zone property which is real
                property; and
                    (ii) other qualified opportunity zone property.
                (G) For each population census tract, the aggregate
            approximate number of residential units resulting from
            investments made by qualified opportunity funds in real
            property.
                (H) The aggregate dollar amount of investments made by
            qualified opportunity funds in each population census tract.
            (4) Additional information.--
                (A) In general.--Beginning with the report submitted under
            paragraph (2) for the 6th year after the date of the enactment
            of this Act, the Secretary shall include in such report the
            impacts and outcomes of a designation of a population census
            tract as a qualified opportunity zone as measured by economic
            indicators, such as job creation, poverty reduction, new
            business starts, and other metrics as determined by the
            Secretary.
                (B) Semi-decennial information.--
                    (i) In general.--In the case of any report submitted
                under paragraph (2) in the 6th year or the 11th year after
                the date of the enactment of this Act, the Secretary shall
                include the following information:

                        (I) For population census tracts designated as a
                    qualified opportunity zone, a comparison (based on
                    aggregate information) of the factors listed in clause
                    (iii) between the 5-year period ending on the date of
                    the enactment of Public Law 115-97 and the most recent
                    5-year period for which data is available.
                        (II) For population census tracts designated as a
                    qualified opportunity zone, a comparison (based on
                    aggregate information) of the factors listed in clause
                    (iii) for the most recent 5-year period for which data
                    is available between such population census tracts and
                    similar population census tracts that were not
                    designated as a qualified opportunity zone.

                    (ii) Control groups.--For purposes of clause (i), the
                Secretary may combine population census tracts into such
                groups as the Secretary determines appropriate for purposes
                of making comparisons.
                    (iii) Factors listed.--The factors listed in this
                clause are the following:

                        (I) The unemployment rate.
                        (II) The number of persons working in the
                    population census tract, including the percentage of
                    such persons who were not residents in the population
                    census tract in the preceding year.
                        (III) Individual, family, and household poverty
                    rates.
                        (IV) Median family income of residents of the
                    population census tract.
                        (V) Demographic information on residents of the
                    population census tract, including age, income,
                    education, race, and employment.
                        (VI) The average percentage of income of residents
                    of the population census tract spent on rent annually.
                        (VII) The number of residences in the population
                    census tract.
                        (VIII) The rate of home ownership in the population
                    census tract.
                        (IX) The average value of residential property in
                    the population census tract.
                        (X) The number of affordable housing units in the
                    population census tract.
                        (XI) The number of new business starts in the
                    population census tract.
                        (XII) The distribution of employees in the
                    population census tract by North American Industry
                    Classification System (NAICS) code.

            (5) Protection of identifiable return information.--In making
        reports required under this subsection, the Secretary--
                (A) shall establish appropriate procedures to ensure that
            any amounts reported do not disclose taxpayer return
            information that can be associated with any particular taxpayer
            or competitive or proprietary information, and
                (B) if necessary to protect taxpayer return information,
            may combine information required with respect to individual
            population census tracts into larger geographic areas.
            (6) Definitions.--Any term used in this subsection which is
        also used in subchapter Z of chapter 1 of the Internal Revenue Code
        of 1986 shall have the meaning given such term under such
        subchapter.
            (7) Reports on qualified rural opportunity funds.--The
        Secretary shall make publicly available, with respect to qualified
        rural opportunity funds, separate reports as required under this
        subsection, applied--
                (A) by substituting ``qualified rural opportunity'' for
            ``qualified opportunity'' each place it appears,
                (B) by substituting a reference to this Act for ``Public
            Law 115-97'', and
                (C) by treating any reference (after the application of
            subparagraph (A)) to qualified rural opportunity zone stock,
            qualified rural opportunity zone partnership interest,
            qualified rural opportunity zone business, or qualified
            opportunity zone business property as stock, interest,
            business, or property, respectively, described in subclause (I)
            or (II), as the case may be, of section 1400Z-2(b)(2)(C)(i) of
            the Internal Revenue Code of 1986.
    SEC. 70422. PERMANENT ENHANCEMENT OF LOW-INCOME HOUSING TAX CREDIT.
        (a) Permanent State Housing Credit Ceiling Increase for Low-income
    Housing Credit.--
            (1) In general.--Section 42(h)(3)(I) is amended--
                (A) by striking ``2018, 2019, 2020, and 2021,'' and
            inserting ``beginning after December 31, 2025,'',
                (B) by striking ``1.125'' and inserting ``1.12'', and
                (C) by striking ``2018, 2019, 2020, and 2021'' in the
            heading and inserting ``calendar years after 2025''.
            (2) Effective date.--The amendments made by this subsection
        shall apply to calendar years beginning after December 31, 2025.
        (b) Tax-exempt Bond Financing Requirement.--
            (1) In general.--Section 42(h)(4) is amended by striking
        subparagraph (B) and inserting the following:
                ``(B) Special rule where minimum percent of buildings is
            financed with tax-exempt bonds subject to volume cap.--For
            purposes of subparagraph (A), paragraph (1) shall not apply to
            any portion of the credit allowable under subsection (a) with
            respect to a building if--
                    ``(i) 50 percent or more of the aggregate basis of such
                building and the land on which the building is located is
                financed by 1 or more obligations described in subparagraph
                (A), or
                    ``(ii)(I) 25 percent or more of the aggregate basis of
                such building and the land on which the building is located
                is financed by 1 or more obligations described in
                subparagraph (A), and
                    ``(II) 1 or more of such obligations--

                        ``(aa) are part of an issue the issue date of which
                    is after December 31, 2025, and
                        ``(bb) provide the financing for not less than 5
                    percent of the aggregate basis of such building and the
                    land on which the building is located.''.

            (2) Effective date.--
                (A) In general.--The amendment made by this subsection
            shall apply to buildings placed in service in taxable years
            beginning after December 31, 2025.
                (B) Rehabilitation expenditures treated as separate new
            building.--In the case of any building with respect to which
            any expenditures are treated as a separate new building under
            section 42(e) of the Internal Revenue Code of 1986, for
            purposes of subparagraph (A), both the existing building and
            the separate new building shall be treated as having been
            placed in service on the date such expenditures are treated as
            placed in service under section 42(e)(4) of such Code.
    SEC. 70423. PERMANENT EXTENSION OF NEW MARKETS TAX CREDIT.
        (a) In General.--Section 45D(f)(1)(H) is amended by striking ``for
    for each of calendar years 2020 through 2025'' and inserting `` for
    each calendar year after 2019''.
        (b) Carryover of Unused Limitation.--Section 45D(f)(3) is amended--
            (1) by striking ``If the'' and inserting the following:
                ``(A) In general.--If the'', and
            (2) by striking the second sentence and inserting the
        following:
                ``(B) Limitation.--No amount may be carried under
            subparagraph (A) to any calendar year afer the fifth calendar
            year after the calendar year in which the excess described in
            such subparagraph occurred. For purposes of this subparagraph,
            any excess described in subparagraph (A) with respect to any
            calendar year before 2026 shall be treated as occurring in
            calendar year 2025.''.
        (c) Effective Date.--The amendments made by this section shall
    apply to calendar years beginning after December 31, 2025.
    SEC. 70424. PERMANENT AND EXPANDED REINSTATEMENT OF PARTIAL DEDUCTION
    FOR CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO
    ITEMIZE.
        (a) In General.--Section 170(p) is amended--
            (1) by striking ``$300 ($600'' and inserting ``$1,000
        ($2,000'', and
            (2) by striking ``beginning in 2021''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70425. 0.5 PERCENT FLOOR ON DEDUCTION OF CONTRIBUTIONS MADE BY
    INDIVIDUALS.
        (a) In General.--
            (1) In general.--Paragraph (1) of section 170(b) is amended by
        adding at the end the following new subparagraph:
                ``(I) 0.5-percent floor.--Any charitable contribution
            otherwise allowable (without regard to this subparagraph) as a
            deduction under this section shall be allowed only to the
            extent that the aggregate of such contributions exceeds 0.5
            percent of the taxpayer's contribution base for the taxable
            year. The preceding sentence shall be applied--
                    ``(i) first, by taking into account charitable
                contributions to which subparagraph (D) applies to the
                extent thereof,
                    ``(ii) second, by taking into account charitable
                contributions to which subparagraph (C) applies to the
                extent thereof,
                    ``(iii) third, by taking into account charitable
                contributions to which subparagraph (B) applies to the
                extent thereof,
                    ``(iv) fourth, by taking into account charitable
                contributions to which subparagraph (E) applies to the
                extent thereof,
                    ``(v) fifth, by taking into account charitable
                contributions to which subparagraph (A) applies to the
                extent thereof, and
                    ``(vi) sixth, by taking into account charitable
                contributions to which subparagraph (G) applies to the
                extent thereof.''.
            (2) Application of carryforward.--Paragraph (1) of section
        170(d) is amended by adding at the end the following new
        subparagraph:
                ``(C) Contributions disallowed by 0.5-percent floor carried
            forward only from years in which limitation is exceeded.--
                    ``(i) In general.--In the case of any taxable year from
                which an excess is carried forward (determined without
                regard to this subparagraph) under any carryover rule, the
                applicable carryover rule shall be applied by increasing
                the excess determined under such applicable carryover rule
                for the contribution year (before the application of
                subparagraph (B)) by the amount attributable to the
                charitable contributions to which such rule applies which
                is not allowed as a deduction for the contribution year by
                reason of subsection (b)(1)(I).
                    ``(ii) Carryover rule.--For purposes of this
                subparagraph, the term `carryover rule' means--

                        ``(I) subparagraph (A) of this paragraph,
                        ``(II) subparagraphs (C)(ii), (D)(ii), (E)(ii), and
                    (G)(ii) of subsection (b)(1), and
                        ``(III) the second sentence of subsection
                    (b)(1)(B).

                    ``(iii) Applicable carryover rule.--For purposes of
                this subparagraph, the term `applicable carryover rule'
                means any carryover rule applicable to charitable
                contributions which were (in whole or in part) not allowed
                as a deduction for the contribution year by reason of
                subsection (b)(1)(I).''.
            (3) Coordination with deduction for nonitemizers.--Section
        170(p), as amended by this Act, is further amended by inserting ``,
        (b)(1)(I),'' after ``subsections (b)(1)(G)(ii)''.
        (b) Modification of Limitation for Cash Contributions.--
            (1) In general.--Clause (i) of section 170(b)(1)(G) is amended
        to read as follows:
                    ``(i) In general.--For taxable years beginning after
                December 31, 2017, any contribution of cash to an
                organization described in subparagraph (A) shall be allowed
                as a deduction under subsection (a) to the extent that the
                aggregate of such contributions does not exceed the excess
                of--

                        ``(I) 60 percent of the taxpayer's contribution
                    base for the taxable year, over
                        ``(II) the aggregate amount of contributions taken
                    into account under subparagraph (A) for such taxable
                    year.''.

            (2) Coordination with other limitations.--
                (A) In general.--Clause (iii) of section 170(b)(1)(G) is
            amended--
                    (i) by striking ``subparagraphs (a) and (b)'' in the
                heading and inserting ``subparagraph (a)'', and
                    (ii) in subclause (II), by striking ``, and
                subparagraph (B)'' and all that follows through ``this
                subparagraph''.
                (B) Other contributions.--Subparagraph (B) of section
            170(b)(1) is amended--
                    (i) by striking ``to which subparagraph (A)'' both
                places it appears and inserting ``to which subparagraph (A)
                or (G)'', and
                    (ii) in clause (ii), by striking ``over the amount''
                and all that follows through ``subparagraph (C)).'' and
                inserting ``over--

                        ``(I) the amount of charitable contributions
                    allowable under subparagraph (A) (determined without
                    regard to subparagraph (C)) and subparagraph (G),
                    reduced by
                        ``(II) so much of the contributions taken into
                    account under subparagraph (G) as does not exceed 10
                    percent of the taxpayer's contribution base.''.

        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70426. 1-PERCENT FLOOR ON DEDUCTION OF CHARITABLE CONTRIBUTIONS
    MADE BY CORPORATIONS.
        (a) In General.--Section 170(b)(2)(A) is amended to read as
    follows:
                ``(A) In general.--Any charitable contribution otherwise
            allowable (without regard to this subparagraph) as a deduction
            under this section for any taxable year, other than any
            contribution to which subparagraph (B) or (C) applies, shall be
            allowed only to the extent that the aggregate of such
            contributions--
                    ``(i) exceeds 1 percent of the taxpayer's taxable
                income for the taxable year, and
                    ``(ii) does not exceed 10 percent of the taxpayer's
                taxable income for the taxable year.''.
        (b) Application of Carryforward.--Section 170(d)(2) is amended to
    read as follows:
            ``(2) Corporations.--
                ``(A) In general.--Any charitable contribution taken into
            account under subsection (b)(2)(A) for any taxable year which
            is not allowed as a deduction by reason of clause (ii) thereof
            shall be taken into account as a charitable contribution for
            the succeeding taxable year, except that, for purposes of
            determining under this subparagraph whether such contribution
            is allowed in such succeeding taxable year, contributions in
            such succeeding taxable year (determined without regard to this
            paragraph) shall be taken into account under subsection
            (b)(2)(A) before any contribution taken into account by reason
            of this paragraph.
                ``(B) 5-year carryforward.--No charitable contribution may
            be carried forward under subparagraph (A) to any taxable year
            following the fifth taxable year after the taxable year in
            which the charitable contribution was first taken into account.
            For purposes of the preceding sentence, contributions shall be
            treated as allowed on a first-in first-out basis.
                ``(C) Contributions disallowed by 1-percent floor carried
            forward only from years in which 10 percent limitation is
            exceeded.--In the case of any taxable year from which a
            charitable contribution is carried forward under subparagraph
            (A) (determined without regard this subparagraph), subparagraph
            (A) shall be applied by substituting `clause (i) or (ii)' for
            `clause (ii)'.
                ``(D) Special rule for net operating loss carryovers.--The
            amount of charitable contributions carried forward under
            subparagraph (A) shall be reduced to the extent that such
            carryfoward would (but for this subparagraph) reduce taxable
            income (as computed for purposes of the second sentence of
            section 172(b)(2)) and increase a net operating loss carryover
            under section 172 to a succeeding taxable year.''.
        (c) Conforming Amendments.--Subparagraphs (B)(ii) and (C)(ii) of
    section 170(b)(2) are each amended by inserting ``other than
    subparagraph (C) thereof'' after ``subsection (d)(2)''.
        (d) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70427. PERMANENT INCREASE IN LIMITATION ON COVER OVER OF TAX ON
    DISTILLED SPIRITS.
        (a) In General.--Paragraph (1) of section 7652(f) is amended to
    read as follows:
            ``(1) $13.25, or''.
        (b) Effective Date.--The amendment made by this section shall apply
    to distilled spirits brought into the United States after December 31,
    2025.
    SEC. 70428. NONPROFIT COMMUNITY DEVELOPMENT ACTIVITIES IN REMOTE NATIVE
    VILLAGES.
        (a) In General.--For purposes of subchapter F of chapter 1 of the
    Internal Revenue Code of 1986, any activity substantially related to
    participation or investment in fisheries in the Bering Sea and Aleutian
    Islands statistical and reporting areas (as described in Figure 1 of
    section 679 of title 50, Code of Federal Regulations) carried on by an
    entity identified in section 305(i)(1)(D) of the Magnuson-Stevens
    Fishery Conservation and Management Act (16 U.S.C. 1855(i)(1)(D)) (as
    in effect on the date of enactment of this section) shall be considered
    substantially related to the exercise or performance of the purpose
    constituting the basis of such entity's exemption under section 501(a)
    of such Code if the conduct of such activity is in furtherance of 1 or
    more of the purposes specified in section 305(i)(1)(A) of such Act (as
    so in effect). For purposes of this paragraph, activities substantially
    related to participation or investment in fisheries include the
    harvesting, processing, transportation, sales, and marketing of fish
    and fish products of the Bering Sea and Aleutian Islands statistical
    and reporting areas.
        (b) Application to Certain Wholly Owned Subsidiaries.--If the
    assets of a trade or business relating to an activity described in
    subsection (a) of any subsidiary wholly owned by an entity identified
    in section 305(i)(1)(D) of the Magnuson-Stevens Fishery Conservation
    and Management Act (16 U.S.C. 1855(i)(1)(D)) (as in effect on the date
    of enactment of this section) are transferred to such entity (including
    in liquidation of such subsidiary) not later than 18 months after the
    date of the enactment of this Act--
            (1) no gain or income resulting from such transfer shall be
        recognized to either such subsidiary or such entity under such
        Code, and
            (2) all income derived from such subsidiary from such
        transferred trade or business shall be exempt from taxation under
        such Code.
        (c) Effective Date.--This section shall take effect on the date of
    the enactment of this Act and shall remain effective during the
    existence of the western Alaska community development quota program
    established by Section 305(i)(1) of the Magnuson-Stevens Fishery
    Conservation and Management Act (16 U.S.C. 1855(i)(1)), as amended.
    SEC. 70429. ADJUSTMENT OF CHARITABLE DEDUCTION FOR CERTAIN EXPENSES
    INCURRED IN SUPPORT OF NATIVE ALASKAN SUBSISTENCE WHALING.
        (a) In General.--Section 170(n)(1) of the Internal Revenue Code of
    1986 is amended by striking ``$10,000'' and inserting ``$50,000''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70430. EXCEPTION TO PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING
    FOR CERTAIN RESIDENTIAL CONSTRUCTION CONTRACTS.
        (a) In General.--Section 460(e) is amended--
            (1) in paragraph (1)--
                (A) by striking ``home construction contract'' both places
            it appears and inserting ``residential construction contract'',
            and
                (B) by inserting ``(determined by substituting `3-year' for
            `2-year' in subparagraph (B)(i) for any residential
            construction contract which is not a home construction
            contract)'' after ``the requirements of clauses (i) and (ii) of
            subparagraph (B)'',
            (2) by striking paragraph (4) and redesignating paragraph (5)
        as paragraph (4), and
            (3) in subparagraph (A) of paragraph (4), as so redesignated,
        by striking ``paragraph (4)'' and inserting ``paragraph (3)''.
        (b) Application of Exception for Purposes of Alternative Minimum
    Tax.--Section 56(a)(3) is amended by striking ``any home construction
    contract (as defined in section 460(e)(6))'' and inserting ``any
    residential construction contract (as defined in section 460(e)(4))''.
        (c) Effective Date.--The amendments made by this section shall
    apply to contracts entered into in taxable years beginning after the
    date of the enactment of this Act.

    Subchapter D--Permanent Investments in Small Business and Rural America

    SEC. 70431. EXPANSION OF QUALIFIED SMALL BUSINESS STOCK GAIN EXCLUSION.
        (a) Phased Increase in Exclusion for Gain From Qualified Small
    Business Stock.--
            (1) In general.--Section 1202(a)(1) is amended to read as
        follows:
            ``(1) In general.-- In the case of a taxpayer other than a
        corporation, gross income shall not include--
                ``(A) except as provided in paragraphs (3) and (4), 50
            percent of any gain from the sale or exchange of qualified
            small business stock acquired on or before the applicable date
            and held for more than 5 years, and
                ``(B) the applicable percentage of any gain from the sale
            or exchange of qualified small business stock acquired after
            the applicable date and held for at least 3 years.''.
            (2) Applicable percentage.--Section 1202(a) is amended by
        adding at the end the following new paragraph:
            ``(5) Applicable percentage.--The applicable percentage under
        paragraph (1) shall be determined under the following table:

                                                                Applicable
                      ``Years stock held:                      percentage:

    3 years................................................              50%
    4 years................................................              75%
    5 years or more........................................          100%''.

        ''.    (3) Applicable date; acquisition date.--Section 1202(a), as
        amended by paragraph (2), is amended by adding at the end the
        following new paragraph:
            ``(6) Applicable date; acquisition date.--For purposes of this
        section--
                ``(A) Applicable date.--The term `applicable date' means
            the date of the enactment of this paragraph.
                ``(B) Acquisition date.--In the case of any stock which
            would (but for this paragraph) be treated as having been
            acquired before, on, or after the applicable date, whichever is
            applicable, the acquisition date for purposes of this section
            shall be the first day on which such stock was held by the
            taxpayer determined after the application of section 1223.''.
            (4) Continued treatment as not item of tax preference.--
                (A) In general.--Section 57(a)(7) is amended by striking
            ``An amount'' and inserting ``In the case of stock acquired on
            or before the date of the enactment of the Creating Small
            Business Jobs Act of 2010, an amount''.
                (B) Conforming amendment.--Section 1202(a)(4) is amended--
                    (i) by striking ``, and'' at the end of subparagraph
                (B) and inserting a period, and
                    (ii) by striking subparagraph (C).
            (5) Other conforming amendments.--
                (A) Paragraphs (3)(A) and (4)(A) of section 1202(a) are
            each amended by striking ``paragraph (1)'' and inserting
            ``paragraph (1)(A)''.
                (B) Paragraph (4)(A) of section 1202(a) is amended by
            inserting ``and on or before the applicable date'' after
            ``2010''.
                (C) Sections 1202(b)(2), 1202(g)(2)(A), and 1202(j)(1)(A)
            are each amended by striking ``more than 5 years'' and
            inserting ``at least 3 years (more than 5 years in the case of
            stock acquired on or before the applicable date)''.
            (6) Effective dates.--
                (A) In general.--Except as provided in subparagraph (B),
            the amendments made by this subsection shall apply to taxable
            years beginning after the date of the enactment of this Act.
                (B) Continued treatment as not item of tax preference.--The
            amendments made by paragraph (4) shall take effect as if
            included in the enactment of section 2011 of the Creating Small
            Business Jobs Act of 2010.
        (b) Increase in Per Issuer Limitation.--
            (1) In general.--Subparagraph (A) of section 1202(b)(1) is
        amended to read as follows:
                ``(A) the applicable dollar limit for the taxable year,
            or''.
            (2) Applicable dollar limit.--Section 1202 (b) is amended by
        adding at the end the following:
            ``(4) Applicable dollar limit.--For purposes of paragraph
        (1)(A), the applicable dollar limit for any taxable year with
        respect to eligible gain from 1 or more dispositions by a taxpayer
        of qualified business stock of a corporation is--
                ``(A) if such stock was acquired by the taxpayer on or
            before the applicable date, $10,000,000, reduced by the
            aggregate amount of eligible gain taken into account by the
            taxpayer under subsection (a) for prior taxable years and
            attributable to dispositions of stock issued by such
            corporation and acquired by the taxpayer before, on, or after
            the applicable date, and
                ``(B) if such stock was acquired by the taxpayer after the
            applicable date, $15,000,000, reduced by the sum of--
                    ``(i) the aggregate amount of eligible gain taken into
                account by the taxpayer under subsection (a) for prior
                taxable years and attributable to dispositions of stock
                issued by such corporation and acquired by the taxpayer
                before, on, or after the applicable date, plus
                    ``(ii) the aggregate amount of eligible gain taken into
                account by the taxpayer under subsection (a) for the
                taxable year and attributable to dispositions of stock
                issued by such corporation and acquired by the taxpayer on
                or before the applicable date.
            ``(5) Inflation adjustment.--
                ``(A) In general.--In the case of any taxable year
            beginning after 2026, the $15,000,000 amount in paragraph
            (4)(B) shall be increased by an amount equal to --
                    ``(i) such dollar amount, multiplied by
                    ``(ii) the cost-of-living adjustment determined under
                section 1(f)(3) for the calendar year in which the taxable
                year begins, determined by substituting `calendar year
                2025' for `calendar year 2016' in subparagraph (A)(ii)
                thereof.
            If any increase under this subparagraph is not a multiple of
            $10,000, such increase shall be rounded to the nearest multiple
            of $10,000.
                ``(B) No increase once limit reached.--If, for any taxable
            year, the eligible gain attributable to dispositions of stock
            issued by a corporation and acquired by the taxpayer after the
            applicable date exceeds the applicable dollar limit, then
            notwithstanding any increase under subparagraph (A) for any
            subsequent taxable year, the applicable dollar limit for such
            subsequent taxable year shall be zero.''.
            (3) Separate returns.--Subparagraph (A) of section 1202(b)(3)
        is amended to read as follows:
                ``(A) Separate returns.--In the case of a separate return
            by a married individual for any taxable year--
                    ``(i) paragraph (4)(A) shall be applied by substituting
                `$5,000,000' for `$10,000,000', and
                    ``(ii) paragraph (4)(B) shall be applied by
                substituting one-half of the dollar amount in effect under
                such paragraph for the taxable year for the amount so in
                effect.''.
            (4) Effective date.--The amendments made by this subsection
        shall apply to taxable years beginning after the date of the
        enactment of this Act.
        (c) Increase in Limit in Aggregate Gross Assets.--
            (1) In general.--Subparagraphs (A) and (B) of section
        1202(d)(1) are each amended by striking ``$50,000,000'' and
        inserting ``$75,000,000''.
            (2) Inflation adjustment.--Section 1202(b) is amended by adding
        at the end the following:
            ``(4) Inflation adjustment.--In the case of any taxable year
        beginning after 2026, the $75,000,000 amounts in paragraphs (1)(A)
        and (1)(B) shall each be increased by an amount equal to--
                ``(A) such dollar amount, multiplied by
                ``(B) the cost-of-living adjustment determined under
            section 1(f)(3) for the calendar year in which the taxable year
            begins, determined by substituting `calendar year 2025' for
            `calendar year 2016' in subparagraph (A)(ii) thereof.
        If any increase under this paragraph is not a multiple of $10,000,
        such increase shall be rounded to the nearest multiple of
        $10,000.''.
            (3) Effective date.--The amendments made by this subsection
        shall apply to stock issued after the date of the enactment of this
        Act.
    SEC. 70432. REPEAL OF REVISION TO DE MINIMIS RULES FOR THIRD PARTY
    NETWORK TRANSACTIONS.
        (a) Reinstatement of Exception for De Minimis Payments as in Effect
    Prior to Enactment of American Rescue Plan Act of 2021.--
            (1) In general.--Section 6050W(e) is amended to read as
        follows:
        ``(e) Exception for De Minimis Payments by Third Party Settlement
    Organizations.--A third party settlement organization shall be required
    to report any information under subsection (a) with respect to third
    party network transactions of any participating payee only if--
            ``(1) the amount which would otherwise be reported under
        subsection (a)(2) with respect to such transactions exceeds
        $20,000, and
            ``(2) the aggregate number of such transactions exceeds 200.''.
            (2) Effective date.--The amendment made by this subsection
        shall take effect as if included in section 9674 of the American
        Rescue Plan Act.
        (b) Application of De Minimis Rule for Third Party Network
    Transactions to Backup Withholding.--
            (1) In general.--Section 3406(b) is amended by adding at the
        end the following new paragraph:
            ``(8) Other reportable payments include payments in settlement
        of third party network transactions only where aggregate
        transactions exceed reporting threshold for the calendar year.--
                ``(A) In general.--Any payment in settlement of a third
            party network transaction required to be shown on a return
            required under section 6050W which is made during any calendar
            year shall be treated as a reportable payment only if--
                    ``(i) the aggregate number of transactions with respect
                to the participating payee during such calendar year
                exceeds the number of transactions specified in section
                6050W(e)(2), and
                    ``(ii) the aggregate amount of transactions with
                respect to the participating payee during such calendar
                year exceeds the dollar amount specified in section
                6050W(e)(1) at the time of such payment.
                ``(B) Exception if third party network transactions made in
            prior year were reportable.--Subparagraph (A) shall not apply
            with respect to payments to any participating payee during any
            calendar year if one or more payments in settlement of third
            party network transactions made by the payor to the
            participating payee during the preceding calendar year were
            reportable payments.''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to calendar years beginning after December 31, 2024.
    SEC. 70433. INCREASE IN THRESHOLD FOR REQUIRING INFORMATION REPORTING
    WITH RESPECT TO CERTAIN PAYEES.
        (a) In General.--Section 6041(a) is amended by striking ``$600''
    and inserting ``$2,000''.
        (b) Inflation Adjustment.--Section 6041 is amended by adding at the
    end the following new subsection:
        ``(h) Inflation Adjustment.--In the case of any calendar year after
    2026, the dollar amount in subsection (a) shall be increased by an
    amount equal to--
            ``(1) such dollar amount, multiplied by
            ``(2) the cost-of-living adjustment determined under section
        1(f)(3) for such calendar year, determined by substituting
        `calendar year 2025' for `calendar year 2016' in subparagraph
        (A)(ii) thereof.
    If any increase under the preceding sentence is not a multiple of $100,
    such increase shall be rounded to the nearest multiple of $100.''.
        (c) Application to Reporting on Remuneration for Services.--Section
    6041A(a)(2) is amended by striking ``is $600 or more'' and inserting
    ``equals or exceeds the dollar amount in effect for such calendar year
    under section 6041(a)''.
        (d) Application to Backup Withholding.--Section 3406(b)(6) is
    amended--
            (1) by striking ``$600'' in subparagraph (A) and inserting
        ``the dollar amount in effect for such calendar year under section
        6041(a)'', and
            (2) by striking ``Only Where Aggregate for Calendar Year Is
        $600 or More'' in the heading and inserting ``Only Where in Excess
        of Threshold''.
        (e) Conforming Amendments.--
            (1) The heading of section 6041(a) is amended by striking ``of
        $600 or More'' and inserting ``Exceeding Threshold''.
            (2) Section 6041(a) is amended by striking ``taxable year'' and
        inserting ``calendar year''.
        (f) Effective Date.--The amendments made by this section shall
    apply with respect to payments made after December 31, 2025.
    SEC. 70434. TREATMENT OF CERTAIN QUALIFIED SOUND RECORDING PRODUCTIONS.
        (a) Election to Treat Costs as Expenses.--Section 181(a)(1) is
    amended by striking ``qualified film or television production, and any
    qualified live theatrical production,'' and inserting ``qualified film
    or television production, any qualified live theatrical production, and
    any qualified sound recording production''.
        (b) Dollar Limitation.--Section 181(a)(2) is amended by adding at
    the end the following new subparagraph:
                ``(C) Qualified sound recording production.--Paragraph (1)
            shall not apply to so much of the aggregate cost of any
            qualified sound recording production, or to so much of the
            aggregate, cumulative cost of all such qualified sound
            recording productions in the taxable year, as exceeds
            $150,000.''.
        (c) No Other Deduction or Amortization Deduction Allowable.--
    Section 181(b) is amended by striking ``qualified film or television
    production or any qualified live theatrical production'' and inserting
    ``qualified film or television production, any qualified live
    theatrical production, or any qualified sound recording production''.
        (d) Election.--Section 181(c)(1) is amended by striking ``qualified
    film or television production or any qualified live theatrical
    production'' and inserting ``qualified film or television production,
    any qualified live theatrical production, or any qualified sound
    recording production''.
        (e) Qualified Sound Recording Production Defined.--Section 181 is
    amended by redesignating subsections (f) and (g) as subsections (g) and
    (h), respectively, and by inserting after subsection (e) the following
    new subsection:
        ``(f) Qualified Sound Recording Production.--For purposes of this
    section, the term `qualified sound recording production' means a sound
    recording (as defined in section 101 of title 17, United States Code)
    produced and recorded in the United States.''.
        (f) Application of Termination.--Section 181(h), as redesignated by
    subsection (e), is amended by striking ``qualified film and television
    productions or qualified live theatrical productions'' and inserting
    ``qualified film and television productions, qualified live theatrical
    productions, or qualified sound recording productions''.
        (g) Bonus Depreciation.--
            (1) Qualified sound recording production as qualified
        property.--Section 168(k)(2)(A)(i) is amended--
                (A) by striking ``or'' at the end of subclause (IV), by
            inserting ``or'' at the end of subclause (V), and by inserting
            after subclause (V) the following:

                        ``(VI) which is a qualified sound recording
                    production (as defined in subsection (f) of section
                    181) for which a deduction would have been allowable
                    under section 181 without regard to subsections (a)(2)
                    and (h) of such section or this subsection, and'', and

                (B) in subclauses (IV) and (V) (as so amended) by striking
            ``without regard to subsections (a)(2) and (g)'' both places it
            appears and inserting ``without regard to subsections (a)(2)
            and (h)''.
            (2) Production placed in service.--Section 168(k)(2)(H) is
        amended by striking ``and'' at the end of clause (i), by striking
        the period at the end of clause (ii) and inserting ``, and'', and
        by adding after clause (ii) the following:
                    ``(iii) a qualified sound recording production shall be
                considered to be placed in service at the time of initial
                release or broadcast.''.
        (h) Conforming Amendments.--
            (1) The heading for section 181 is amended to read as follows:
        ``treatment of certain qualified productions.''.
            (2) The table of sections for part VI of subchapter B of
        chapter 1 is amended by striking the item relating to section 181
        and inserting the following new item:
    ``Sec. 181. Treatment of certain qualified productions.''.

        (i) Effective Date.--The amendments made by this section shall
    apply to productions commencing in taxable years ending after the date
    of the enactment of this Act.
    SEC. 70435. EXCLUSION OF INTEREST ON LOANS SECURED BY RURAL OR
    AGRICULTURAL REAL PROPERTY.
        (a) In General.--Part III of subchapter B of chapter 1, as amended
    by the preceding provisions of this Act, is amended by inserting after
    section 139K the following new section:
    ``SEC. 139L. INTEREST ON LOANS SECURED BY RURAL OR AGRICULTURAL REAL
    PROPERTY.
        ``(a) In General.--Gross income shall not include 25 percent of the
    interest received by a qualified lender on any qualified real estate
    loan.
        ``(b) Qualified Lender.--For purposes of this section, the term
    `qualified lender' means--
            ``(1) any bank or savings association the deposits of which are
        insured under the Federal Deposit Insurance Act (12 U.S.C. 1811 et
        seq.),
            ``(2) any State- or federally-regulated insurance company,
            ``(3) any entity wholly owned, directly or indirectly, by a
        company that is treated as a bank holding company for purposes of
        section 8 of the International Banking Act of 1978 (12 U.S.C. 3106)
        if--
                ``(A) such entity is organized, incorporated, or
            established under the laws of the United States or any State,
            and
                ``(B) the principal place of business of such entity is in
            the United States (including any territory of the United
            States),
            ``(4) any entity wholly owned, directly or indirectly, by a
        company that is considered an insurance holding company under the
        laws of any State if such entity satisfies the requirements
        described in subparagraphs (A) and (B) of paragraph (3), and
            ``(5) with respect to interest received on a qualified real
        estate loan secured by real estate described in subsection
        (c)(3)(A), any federally chartered instrumentality of the United
        States established under section 8.1(a) of the Farm Credit Act of
        1971 (12 U.S.C. 2279aa-1(a)).
        ``(c) Qualified Real Estate Loan.--For purposes of this section--
            ``(1) In general.--The term `qualified real estate loan' means
        any loan--
                ``(A) secured by--
                    ``(i) rural or agricultural real estate, or
                    ``(ii) a leasehold mortgage (with a status as a lien)
                on rural or agricultural real estate,
                ``(B) made to a person other than a specified foreign
            entity (as defined in section 7701(a)(51)), and
                ``(C) made after the date of the enactment of this section.
        For purposes of the preceding sentence, the determination of
        whether property securing such loan is rural or agricultural real
        estate shall be made as of the time the interest income on such
        loan is accrued.
            ``(2) Refinancings.--For purposes of subparagraphs (A) and (C)
        of paragraph (1), a loan shall not be treated as made after the
        date of the enactment of this section to the extent that the
        proceeds of such loan are used to refinance a loan which was made
        on or before the date of the enactment of this section (or, in the
        case of any series of refinancings, the original loan was made on
        or before such date).
            ``(3) Rural or agricultural real estate.--The term `rural or
        agricultural real estate' means--
                ``(A) any real property which is substantially used for the
            production of one or more agricultural products,
                ``(B) any real property which is substantially used in the
            trade or business of fishing or seafood processing, and
                ``(C) any aquaculture facility.
        Such term shall not include any property which is not located in a
        State or a possession of the United States.
            ``(4) Aquaculture facility.--The term `aquaculture facility'
        means any land, structure, or other appurtenance that is used for
        aquaculture (including any hatchery, rearing pond, raceway, pen, or
        incubator).
        ``(d) Coordination With Section 265.--In the case of any qualified
    real estate loan, section 265 shall be applied--
            ``(1) by treating any qualified real estate loan for purposes
        of subsection (a)(2) thereof as an obligation the interest on which
        is wholly exempt from the taxes imposed by this subtitle,
            ``(2) by substituting `25 percent of the interest on
        indebtedness' for `Interest on indebtedness' in such subsection
        (a)(2),
            ``(3) by treating 25 percent of the adjusted basis of any
        qualified real estate loan as adjusted basis of a tax-exempt
        obligation described in subsection (b)(4)(B) thereof, and
            ``(4) by substituting `25 percent of the amount of such
        indebtedness' for `the amount of such indebtedness' in subsection
        (b)(6)(A)(a)(ii) thereof.''.
        (b) Clerical Amendment.--The table of sections for part III of
    subchapter B of chapter 1, as amended by the preceding provisions of
    this Act, is amended by inserting after the item relating to section
    139K the following new item:
    ``Sec. 139L. Interest on loans secured by rural or agricultural real
              property.''.

        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years ending after the date of the enactment of this
    Act.
    SEC. 70436. REDUCTION OF TRANSFER AND MANUFACTURING TAXES FOR CERTAIN
    DEVICES.
        (a) Transfer Tax.--Section 5811(a) is amended to read as follows:
        ``(a) Rate.--There shall be levied, collected, and paid on firearms
    transferred a tax at the rate of--
            ``(1) $200 for each firearm transferred in the case of a
        machinegun or a destructive device, and
            ``(2) $0 for any firearm transferred which is not described in
        paragraph (1).''.
        (b) Making Tax.--Section 5821(a) is amended to read as follows:
        ``(a) Rate.--There shall be levied, collected, and paid upon the
    making of a firearm a tax at the rate of--
            ``(1) $200 for each firearm made in the case of a machinegun or
        a destructive device, and
            ``(2) $0 for any firearm made which is not described in
        paragraph (1).''.
        (c) Conforming Amendment.--Section 4182(a) is amended by adding at
    the end the following: ``For purposes of the preceding sentence, any
    firearm described in section 5811(a)(2) shall be deemed to be a firearm
    on which the tax provided by section 5811 has been paid.''
        (d) Effective Date.--The amendments made by this section shall
    apply to calendar quarters beginning more than 90 days after the date
    of the enactment of this Act.
    SEC. 70437. TREATMENT OF CAPITAL GAINS FROM THE SALE OF CERTAIN
    FARMLAND PROPERTY.
        (a) In General.--Part IV of subchapter O of chapter 1 is amended by
    redesignating section 1062 as section 1063 and by inserting after
    section 1061 the following new section:
    ``SEC. 1062. GAIN FROM THE SALE OR EXCHANGE OF QUALIFIED FARMLAND
    PROPERTY TO QUALIFIED FARMERS.
        ``(a) Election to Pay Tax in Installments.--In the case of gain
    from the sale or exchange of qualified farmland property to a qualified
    farmer, at the election of the taxpayer, the portion of the net income
    tax of such taxpayer for the taxable year of the sale or exchange which
    is equal to the applicable net tax liability shall be paid in 4 equal
    installments.
        ``(b) Rules Relating to Installment Payments.--
            ``(1) Date for payment of installments.--If an election is made
        under subsection (a), the first installment shall be paid on the
        due date (determined without regard to any extension of time for
        filing the return) for the return of tax for the taxable year in
        which the sale or exchange occurs and each succeeding installment
        shall be paid on the due date (as so determined) for the return of
        tax for the taxable year following the taxable year with respect to
        which the preceding installment was made.
            ``(2) Acceleration of payment.--
                ``(A) In general.--If there is an addition to tax for
            failure to timely pay any installment required under this
            section, then the unpaid portion of all remaining installments
            shall be due on the date of such failure.
                ``(B) Individuals.--In the case of an individual, if the
            individual dies, then the unpaid portion of all remaining
            installment shall be paid on the due date for the return of tax
            for the taxable year in which the taxpayer dies.
                ``(C) C corporations.--In the case of a taxpayer which is a
            C corporation, trust, or estate, if there is a liquidation or
            sale of substantially all the assets of the taxpayer (including
            in a title 11 or similar case), a cessation of business by the
            taxpayer (in the case of a C corporation), or any similar
            circumstance, then the unpaid portion of all remaining
            installments shall be due on the date of such event (or in the
            case of a title 11 or similar case, the day before the petition
            is filed). The preceding sentence shall not apply to the sale
            of substantially all the assets of a taxpayer to a buyer if
            such buyer enters into an agreement with the Secretary under
            which such buyer is liable for the remaining installments due
            under this subsection in the same manner as if such buyer were
            the taxpayer.
            ``(3) Proration of deficiency to installments.--If an election
        is made under subsection (a) to pay the applicable net tax
        liability in installments and a deficiency has been assessed with
        respect to such applicable net tax liability, the deficiency shall
        be prorated to the installments payable under subsection (a). The
        part of the deficiency so prorated to any installment the date for
        payment of which has not arrived shall be collected at the same
        time as, and as a part of, such installment. The part of the
        deficiency so prorated to any installment the date for payment of
        which has arrived shall be paid upon notice and demand from the
        Secretary. This section shall not apply if the deficiency is due to
        negligence, to intentional disregard of rules and regulations, or
        to fraud with intent to evade tax.
        ``(c) Election.--
            ``(1) In general.--Any election under subsection (a) shall be
        made not later than the due date for the return of tax for the
        taxable year described in subsection (a).
            ``(2) Partnerships and s corporations.--In the case of a sale
        or exchange described in subsection (a) by a partnership or S
        corporation, the election under subsection (a) shall be made at the
        partner or shareholder level. The Secretary may prescribe such
        regulations or other guidance as necessary to carry out the
        purposes of this paragraph.
        ``(d) Definitions.--For purposes of this section--
            ``(1) Applicable net tax liability.--
                ``(A) In general.--The applicable net tax liability with
            respect to the sale or exchange of any property described in
            subsection (a) is the excess (if any) of--
                    ``(i) such taxpayer's net income tax for the taxable
                year, over
                    ``(ii) such taxpayer's net income tax for such taxable
                year determined without regard to any gain recognized from
                the sale or exchange of such property.
                ``(B) Net income tax.--The term `net income tax' means the
            regular tax liability reduced by the credits allowed under
            subparts A, B, and D of part IV of subchapter A.
            ``(2) Qualified farmland property.--
                ``(A) In general.--The term `qualified farmland property'
            means real property located in the United States--
                    ``(i) which--

                        ``(I) has been used by the taxpayer as a farm for
                    farming purposes, or
                        ``(II) leased by the taxpayer to a qualified farmer
                    for farming purposes,

                during substantially all of the 10-year period ending on
                the date of the qualified sale or exchange, and
                    ``(ii) which is subject to a covenant or other legally
                enforceable restriction which prohibits the use of such
                property other than as a farm for farming purposes for any
                period before the date that is 10 years after the date of
                the sale or exchange described in subsection (a).
            For purposes of clause (i), property which is used or leased by
            a partnership or S corporation in a manner described in such
            clause shall be treated as used or leased in such manner by
            each person who holds a direct or indirect interest in such
            partnership or S corporation.
                ``(B) Farm; farming purposes.--The terms `farm' and
            `farming purposes' have the respective meanings given such
            terms under section 2032A(e).
            ``(3) Qualified farmer.--The term `qualified farmer' means any
        individual who is actively engaged in farming (within the meaning
        of subsections (b) and (c) of section 1001 of the Food Security Act
        of 1986 (7 U.S.C. 1308-1(b) and (c))).
        ``(e) Return Requirement.--A taxpayer making an election under
    subsection (a) shall include with the return for the taxable year of
    the sale or exchange described in subsection (a) a copy of the covenant
    or other legally enforceable restriction described in subsection
    (d)(2)(A)(ii).''.
        (b) Clerical Amendment.--The table of sections for part IV of
    subchapter O of chapter 1 is amended by redesignating the item relating
    to section 1062 as relating to section 1063 and by inserting after the
    item relating to section 1061 the following new item:
    ``Sec. 1062. Gain from the sale or exchange of qualified farmland
              property to qualified farmers.''.

        (c) Effective Date.--The amendments made by this section shall
    apply to sales or exchanges in taxable years beginning after the date
    of the enactment of this Act.
    SEC. 70438. EXTENSION OF RULES FOR TREATMENT OF CERTAIN DISASTER-
    RELATED PERSONAL CASUALTY LOSSES.
        For purposes of applying section 304(b) of the Taxpayer Certainty
    and Disaster Tax Relief Act of 2020 (division EE of Public Law 116-
    260), section 301 of such Act shall be applied by substituting the date
    of the enactment of this section for ``the date of the enactment of
    this Act'' each place it appears.
    SEC. 70439. RESTORATION OF TAXABLE REIT SUBSIDIARY ASSET TEST.
        (a) In General.--Section 856(c)(4)(B)(ii) is amended by striking
    ``20 percent'' and inserting ``25 percent''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.

      CHAPTER 5--ENDING GREEN NEW DEAL SPENDING, PROMOTING AMERICA-FIRST
                           ENERGY, AND OTHER REFORMS

             Subchapter A--Termination of Green New Deal Subsidies

    SEC. 70501. TERMINATION OF PREVIOUSLY-OWNED CLEAN VEHICLE CREDIT.
        Section 25E(g) is amended by striking ``December 31, 2032'' and
    inserting ``September 30, 2025''.
    SEC. 70502. TERMINATION OF CLEAN VEHICLE CREDIT.
        (a) In General.--Section 30D(h) is amended by striking ``placed in
    service after December 31, 2032'' and inserting ``acquired after
    September 30, 2025''.
        (b) Conforming Amendments.--Section 30D(e) is amended--
            (1) in paragraph (1)(B)--
                (A) in clause (iii), by inserting ``and'' after the comma
            at the end,
                (B) in clause (iv), by striking ``, and'' and inserting a
            period, and
                (C) by striking clause (v), and
            (2) in paragraph (2)(B)--
                (A) in clause (ii), by inserting ``and'' after the comma at
            the end,
                (B) in clause (iii), by striking the comma at the end and
            inserting a period, and
                (C) by striking clauses (iv) through (vi).
    SEC. 70503. TERMINATION OF QUALIFIED COMMERCIAL CLEAN VEHICLES CREDIT.
        Section 45W(g) is amended by striking ``December 31, 2032'' and
    inserting ``September 30, 2025''.
    SEC. 70504. TERMINATION OF ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY
    CREDIT.
        Section 30C(i) is amended by striking ``December 31, 2032'' and
    inserting ``June 30, 2026''.
    SEC. 70505. TERMINATION OF ENERGY EFFICIENT HOME IMPROVEMENT CREDIT.
        (a) In General.--Section 25C(h) is amended by striking ``placed in
    service'' and all that follows through ``December 31, 2032'' and
    inserting ``placed in service after December 31, 2025''.
        (b) Conforming Amendment.--Section 25C(d)(2)(C) is amended to read
    as follows:
                ``(C) Any oil furnace or hot water boiler which--
                    ``(i) meets or exceeds 2021 Energy Star efficiency
                criteria, and
                    ``(ii) is rated by the manufacturer for use with fuel
                blends at least 20 percent of the volume of which consists
                of an eligible fuel.''.
    SEC. 70506. TERMINATION OF RESIDENTIAL CLEAN ENERGY CREDIT.
        (a) In General.--Section 25D(h) is amended by striking ``to
    property placed in service after December 31, 2034'' and inserting
    ``with respect to any expenditures made after December 31, 2025''.
        (b) Conforming Amendments.--Section 25D(g) is amended--
            (1) in paragraph (2), by inserting ``and'' after the comma at
        the end,
            (2) in paragraph (3), by striking `` and before January 1,
        2033, 30 percent,'' and inserting ``30 percent.'', and
            (3) by striking paragraphs (4) and (5).
    SEC. 70507. TERMINATION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS
    DEDUCTION.
        Section 179D is amended by adding at the end the following new
    subsection:
        ``(i) Termination.--This section shall not apply with respect to
    property the construction of which begins after June 30, 2026.''.
    SEC. 70508. TERMINATION OF NEW ENERGY EFFICIENT HOME CREDIT.
        Section 45L(h) is amended by striking ``December 31, 2032'' and
    inserting ``June 30, 2026''.
    SEC. 70509. TERMINATION OF COST RECOVERY FOR ENERGY PROPERTY.
        (a) Energy Property.--Section 168(e)(3)(B)(vi), as amended by
    section 13703 of Public Law 117-169, is amended--
            (1) by striking subclause (I), and
            (2) by redesignating subclauses (II) and (III) as subclauses
        (I) and (II), respectively.
        (b) Effective Date.--The amendments made by subsection (a) shall
    apply to property the construction of which begins after December 31,
    2024.
    SEC. 70510. MODIFICATIONS OF ZERO-EMISSION NUCLEAR POWER PRODUCTION
    CREDIT.
        (a) Restrictions Relating to Prohibited Foreign Entities.--Section
    45U(c) is amended by adding at the end the following new paragraph:
            ``(3) Restrictions relating to prohibited foreign entities.--
                ``(A) In general.--No credit shall be determined under
            subsection (a) for any taxable year beginning after the date of
            enactment of this paragraph if the taxpayer is a specified
            foreign entity (as defined in section 7701(a)(51)(B)).
                ``(B) Other prohibited foreign entities.--No credit shall
            be determined under subsection (a) for any taxable year
            beginning after the date which is 2 years after the date of
            enactment of this paragraph if the taxpayer is a foreign-
            influenced entity (as defined in section 7701(a)(51)(D),
            without regard to clause (i)(II) thereof).''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after the date of enactment of this
    Act.
    SEC. 70511. TERMINATION OF CLEAN HYDROGEN PRODUCTION CREDIT.
        Section 45V(c)(3)(C) is amended by striking ``January 1, 2033'' and
    inserting ``January 1, 2028''.
    SEC. 70512. TERMINATION AND RESTRICTIONS ON CLEAN ELECTRICITY
    PRODUCTION CREDIT.
        (a) Termination for Wind and Solar Facilities.--Section 45Y(d) is
    amended--
            (1) in paragraph (1), by striking ``The amount of'' and
        inserting ``Subject to paragraph (4), the amount of'', and
            (2) by striking paragraph (3) and inserting the following new
        paragraphs:
            ``(3) Applicable year.--For purposes of this subsection, the
        term `applicable year' means calendar year 2032.
            ``(4) Termination for wind and solar facilities.--
                ``(A) In general.--This section shall not apply with
            respect to any applicable facility placed in service after
            December 31, 2027.
                ``(B) Applicable facility.--For purposes of this paragraph,
            the term `applicable facility' means a qualified facility
            which--
                    ``(i) uses wind to produce electricity (within the
                meaning of such term as used in section 45(d)(1), as
                determined without regard to any requirement under such
                section with respect to the date on which construction of
                property begins), or
                    ``(ii) uses solar energy to produce electricity (within
                the meaning of such term as used in section 45(d)(4), as
                determined without regard to any requirement under such
                section with respect to the date on which construction of
                property begins).''.
        (b) Restrictions Relating to Prohibited Foreign Entities.--Section
    45Y is amended--
            (1) in subsection (b)(1), by adding at the end the following
        new subparagraph:
                ``(E) Material assistance from prohibited foreign
            entities.--The term `qualified facility' shall not include any
            facility for which construction begins after December 31, 2025,
            if the construction of such facility includes any material
            assistance from a prohibited foreign entity (as defined in
            section 7701(a)(52)).'', and
            (2) in subsection (g), by adding at the end the following new
        paragraph:
            ``(13) Restrictions relating to prohibited foreign entities.--
                ``(A) In general.--No credit shall be determined under
            subsection (a) for any taxable year if the taxpayer is--
                    ``(i) a specified foreign entity (as defined in section
                7701(a)(51)(B)), or
                    ``(ii) a foreign-influenced entity (as defined in
                section 7701(a)(51)(D), without regard to clause (i)(II)
                thereof).
                ``(B) Effective control.--In the case of a taxpayer for
            which section 7701(a)(51)(D)(i)(II) is determined to apply for
            any taxable year, no credit shall be determined under
            subsection (a) for such taxable year if such determination
            relates to a qualified facility described in subsection
            (b)(1).''.
        (c) Definitions Relating to Prohibited Foreign Entities.--Section
    7701(a) is amended by adding at the end the following new paragraphs:
            ``(51) Prohibited foreign entity.--
                ``(A) In general.--
                    ``(i) Definition.--The term `prohibited foreign entity'
                means a specified foreign entity or a foreign-influenced
                entity.
                    ``(ii) Determination.--

                        ``(I) In general.--Subject to subclause (II), for
                    any taxable year, the determination as to whether an
                    entity is a specified foreign entity or foreign-
                    influenced entity shall be made as of the last day of
                    such taxable year.
                        ``(II) Initial taxable year.--For purposes of the
                    first taxable year beginning after the date of
                    enactment of this paragraph, the determination as to
                    whether an entity is a specified foreign entity
                    described in clauses (i) through (iv) of subparagraph
                    (B) shall be made as of the first day of such taxable
                    year.

                ``(B) Specified foreign entity.--For purposes of this
            paragraph, the term `specified foreign entity' means--
                    ``(i) a foreign entity of concern described in
                subparagraph (A), (B), (D), or (E) of section 9901(8) of
                the William M. (Mac) Thornberry National Defense
                Authorization Act for Fiscal Year 2021 (Public Law 116-283;
                15 U.S.C. 4651),
                    ``(ii) an entity identified as a Chinese military
                company operating in the United States in accordance with
                section 1260H of the William M. (Mac) Thornberry National
                Defense Authorization Act for Fiscal Year 2021 (Public Law
                116-283; 10 U.S.C. 113 note),
                    ``(iii) an entity included on a list required by clause
                (i), (ii), (iv), or (v) of section 2(d)(2)(B) of Public Law
                117-78 (135 Stat. 1527),
                    ``(iv) an entity specified under section 154(b) of the
                National Defense Authorization Act for Fiscal Year 2024
                (Public Law 118-31; 10 U.S.C. note prec. 4651), or
                    ``(v) a foreign-controlled entity.
                ``(C) Foreign-controlled entity.--For purposes of
            subparagraph (B), the term `foreign-controlled entity' means--
                    ``(i) the government (including any level of government
                below the national level) of a covered nation,
                    ``(ii) an agency or instrumentality of a government
                described in clause (i),
                    ``(iii) a person who is a citizen or national of a
                covered nation, provided that such person is not an
                individual who is a citizen, national, or lawful permanent
                resident of the United States,
                    ``(iv) an entity or a qualified business unit (as
                defined in section 989(a)) incorporated or organized under
                the laws of, or having its principal place of business in,
                a covered nation, or
                    ``(v) an entity (including subsidiary entities)
                controlled (as determined under subparagraph (G)) by an
                entity described in clause (i), (ii), (iii), or (iv).
                ``(D) Foreign-influenced entity.--
                    ``(i) In general.--For purposes of subparagraph (A),
                the term `foreign-influenced entity' means an entity--

                        ``(I) with respect to which, during the taxable
                    year--

                            ``(aa) a specified foreign entity has the
                        direct authority to appoint a covered officer of
                        such entity,
                            ``(bb) a single specified foreign entity owns
                        at least 25 percent of such entity,
                            ``(cc) one or more specified foreign entities
                        own in the aggregate at least 40 percent of such
                        entity, or
                            ``(dd) at least 15 percent of the debt of such
                        entity has been issued, in the aggregate, to 1 or
                        more specified foreign entities, or

                        ``(II) which, during the previous taxable year,
                    made a payment to a specified foreign entity pursuant
                    to a contract, agreement, or other arrangement which
                    entitles such specified foreign entity (or an entity
                    related to such specified foreign entity) to exercise
                    effective control over--

                            ``(aa) any qualified facility or energy storage
                        technology of the taxpayer (or any person related
                        to the taxpayer), or
                            ``(bb) with respect to any eligible component
                        produced by the taxpayer (or any person related to
                        the taxpayer)--
                                ``(AA) the extraction, processing, or
                            recycling of any applicable critical mineral,
                            or
                                ``(BB) the production of an eligible
                            component which is not an applicable critical
                            mineral.
                    ``(ii) Effective control.--

                        ``(I) In general.--

                            ``(aa) General rule.--Subject to subclause
                        (II), for purposes of clause (i)(II), the term
                        `effective control' means 1 or more agreements or
                        arrangements similar to those described in
                        subclauses (II) and (III) which provide 1 or more
                        contractual counterparties of a taxpayer with
                        specific authority over key aspects of the
                        production of eligible components, energy
                        generation in a qualified facility, or energy
                        storage which are not included in the measures of
                        control through authority, ownership, or debt held
                        which are described in clause (i)(I).
                            ``(bb) Guidance.--The Secretary shall issue
                        such guidance as is necessary to carry out the
                        purposes of this clause, including the
                        establishment of rules to prevent entities from
                        evading, circumventing, or abusing the application
                        of the restrictions described subparagraph (C) and
                        subclauses (II) and (III) of this clause through a
                        contract, agreement, or other arrangement.

                        ``(II) Application of rules prior to issuance of
                    guidance.--During any period prior to the date that the
                    guidance described in subclause (I)(bb) is issued by
                    the Secretary, for purposes of clause (i)(II), the term
                    `effective control' means the unrestricted contractual
                    right of a contractual counterparty to--

                            ``(aa) determine the quantity or timing of
                        production of an eligible component produced by the
                        taxpayer,
                            ``(bb) determine the amount or timing of
                        activities related to the production of electricity
                        undertaken at a qualified facility of the taxpayer
                        or the storage of electrical energy in energy
                        storage technology of the taxpayer,
                            ``(cc) determine which entity may purchase or
                        use the output of a production unit of the taxpayer
                        that produces eligible components,
                            ``(dd) determine which entity may purchase or
                        use the output of a qualified facility of the
                        taxpayer,
                            ``(ee) restrict access to data critical to
                        production or storage of energy undertaken at a
                        qualified facility of the taxpayer, or to the site
                        of production or any part of a qualified facility
                        or energy storage technology of the taxpayer, to
                        the personnel or agents of such contractual
                        counterparty, or
                            ``(ff) on an exclusive basis, maintain, repair,
                        or operate any plant or equipment which is
                        necessary to the production by the taxpayer of
                        eligible components or electricity.

                        ``(III) Licensing and other agreements.--

                            ``(aa) In general.--In addition to subclause
                        (II), for purposes of clause (i)(II), the term
                        `effective control' means, with respect to a
                        licensing agreement for the provision of
                        intellectual property (or any other contract,
                        agreement or other arrangement entered into with a
                        contractual counterparty related to such licensing
                        agreement) with respect to a qualified facility,
                        energy storage technology, or the production of an
                        eligible component, any of the following:
                                ``(AA) A contractual right retained by the
                            contractual counterparty to specify or
                            otherwise direct 1 or more sources of
                            components, subcomponents, or applicable
                            critical minerals utilized in a qualified
                            facility, energy storage technology, or in the
                            production of an eligible component.
                                ``(BB) A contractual right retained by the
                            contractual counterparty to direct the
                            operation of any qualified facility, any energy
                            storage technology, or any production unit that
                            produces an eligible component.
                                ``(CC) A contractual right retained by the
                            contractual counterparty to limit the
                            taxpayer's utilization of intellectual property
                            related to the operation of a qualified
                            facility or energy storage technology, or in
                            the production of an eligible component.
                                ``(DD) A contractual right retained by the
                            contractual counterparty to receive royalties
                            under the licensing agreement or any similar
                            agreement (or payments under any related
                            agreement) beyond the 10th year of the
                            agreement (including modifications or
                            extensions thereof).
                                ``(EE) A contractual right retained by the
                            contractual counterparty to direct or otherwise
                            require the taxpayer to enter into an agreement
                            for the provision of services for a duration
                            longer than 2 years (including any
                            modifications or extensions thereof).
                                ``(FF) Such contract, agreement, or other
                            arrangement does not provide the licensee with
                            all the technical data, information, and know-
                            how necessary to enable the licensee to produce
                            the eligible component or components subject to
                            the contract, agreement, or other arrangement
                            without further involvement from the
                            contractual counterparty or a specified foreign
                            entity.
                                ``(GG) Such contract, agreement, or other
                            arrangement was entered into (or modified) on
                            or after the date of enactment of this
                            paragraph.
                            ``(bb) Exception.--
                                ``(AA) In general.--Item (aa) shall not
                            apply in the case of a bona fide purchase or
                            sale of intellectual property.
                                ``(BB) Bona fide purchase or sale.--For
                            purposes of item (aa), any purchase or sale of
                            intellectual property where the agreement
                            provides that ownership of the intellectual
                            property reverts to the contractual
                            counterparty after a period of time shall not
                            be considered a bona-fide purchase or sale.

                        ``(IV) Persons related to the taxpayer.--For
                    purposes of subclauses (I), (II), and (III), the term
                    `taxpayer' shall include any person related to the
                    taxpayer.
                        ``(V) Contractual counterparty.--For purposes of
                    this clause, the term `contractual counterparty' means
                    an entity with which the taxpayer has entered into a
                    contract, agreement, or other arrangement.

                    ``(iii) Guidance.--Not later than December 31, 2026,
                the Secretary shall issue such guidance as is necessary to
                carry out the purposes of this subparagraph, including
                establishment of rules to prevent entities from evading,
                circumventing, or abusing the application of the
                restrictions against impermissible technology licensing
                arrangements with specified foreign entities, such as
                through temporary transfers of intellectual property,
                retention by a specified foreign entity of a reversionary
                interest in transferred intellectual property, or
                otherwise.
                ``(E) Publicly traded entities.--
                    ``(i) In general.--

                        ``(I) Nonapplication of certain foreign-controlled
                    entity rules.--Subparagraph (C)(v) shall not apply in
                    the case of any entity the securities of which are
                    regularly traded on--

                            ``(aa) a national securities exchange which is
                        registered with the Securities and Exchange
                        Commission,
                            ``(bb) the national market system established
                        pursuant to section 11A of the Securities and
                        Exchange Act of 1934, or
                            ``(cc) any other exchange or other market which
                        the Secretary has determined in guidance issued
                        under section 1296(e)(1)(A)(ii) has rules adequate
                        to carry out the purposes of part VI of subchapter
                        P of chapter 1 of subtitle A.

                        ``(II) Nonapplication of certain foreign-influenced
                    entity rules.--Subparagraph (D)(i)(I) shall not apply
                    in the case of any entity--

                            ``(aa) the securities of which are regularly
                        traded in a manner described in subclause (I), or
                            ``(bb) for which not less than 80 percent of
                        the equity securities of such entity are owned
                        directly or indirectly by an entity which is
                        described in item (aa).

                        ``(III) Exclusion of exchanges or markets in
                    covered nations.--Subclause (I)(cc) shall not apply
                    with respect to any exchange or market which--

                            ``(aa) is incorporated or organized under the
                        laws of a covered nation, or
                            ``(bb) has its principal place of business in a
                        covered nation.
                    ``(ii) Additional foreign-controlled entity
                requirements for publicly traded companies.--In the case of
                an entity described in clause (i)(I), such entity shall be
                deemed to be a foreign-controlled entity under subparagraph
                (C)(v) if such entity is controlled (as determined under
                subparagraph (G)) by--

                        ``(I) 1 or more specified foreign entities (as
                    determined without regard to subparagraph (B)(v)) that
                    are each required to report their beneficial ownership
                    pursuant to a rule described in clause (iii)(I)(bb), or
                        ``(II) 1 or more foreign-controlled entities (as
                    determined without regard to subparagraph (C)(v)) that
                    are each required to report their beneficial ownership
                    pursuant to a rule described in such clause.

                    ``(iii) Additional foreign-influenced entity
                requirements for publicly traded companies.--In the case of
                an entity described in clause (i)(II), such entity shall be
                deemed to be a foreign-influenced entity under subparagraph
                (D)(i)(I) if--

                        ``(I) during the taxable year--

                            ``(aa) a specified foreign entity has the
                        authority to appoint a covered officer of such
                        entity,
                            ``(bb) a single specified foreign entity
                        required to report its beneficial ownership under
                        Rule 13d-3 of the Securities and Exchange Act of
                        1934 (or, in the case of an exchange or market
                        described in clause (i)(I)(cc), an equivalent rule)
                        owns not less than 25 percent of such entity, or
                            ``(cc) 1 or more specified foreign entities
                        that are each required to report their beneficial
                        ownership under Rule 13d-3 of the Securities and
                        Exchange Act of 1934 own, in the aggregate, not
                        less than 40 percent of such entity, or

                        ``(II) such entity has issued debt, as part of an
                    original issuance, in excess of 15 percent of its
                    publicly-traded debt to 1 or more specified foreign
                    entities.

                ``(F) Covered officer.--For purposes of this paragraph, the
            term `covered officer' means, with respect to an entity--
                    ``(i) a member of the board of directors, board of
                supervisors, or equivalent governing body,
                    ``(ii) an executive-level officer, including the
                president, chief executive officer, chief operating
                officer, chief financial officer, general counsel, or
                senior vice president, or
                    ``(iii) an individual having powers or responsibilities
                similar to those of officers or members described in clause
                (i) or (ii).
                ``(G) Determination of control.--For purposes of
            subparagraph (C)(v), the term `control' means--
                    ``(i) in the case of a corporation, ownership (by vote
                or value) of more than 50 percent of the stock in such
                corporation,
                    ``(ii) in the case of a partnership, ownership of more
                than 50 percent of the profits interests or capital
                interests in such partnership, or
                    ``(iii) in any other case, ownership of more than 50
                percent of the beneficial interests in the entity.
                ``(H) Determination of ownership.--For purposes of this
            paragraph, section 318(a)(2) shall apply for purposes of
            determining ownership of stock in a corporation. Similar
            principles shall apply for purposes of determining ownership of
            interests in any other entity.
                ``(I) Other definitions.--For purposes of this paragraph--
                    ``(i) Applicable critical mineral.--The term
                `applicable critical mineral' has the same meaning given
                such term under section 45X(c)(6).
                    ``(ii) Covered nation.--The term `covered nation' has
                the same meaning given such term under section 4872(f)(2)
                of title 10, United States Code.
                    ``(iii) Eligible component.--The term `eligible
                component' has the same meaning given such term under
                section 45X(c)(1).
                    ``(iv) Energy storage technology.--The term `energy
                storage technology' has the same meaning given such term
                under section 48E(c)(2).
                    ``(v) Qualified facility.--The term `qualified
                facility' means--

                        ``(I) a qualified facility, as defined in section
                    45Y(b)(1), and
                        ``(II) a qualified facility, as defined in section
                    48E(b)(3).

                    ``(vi) Related.--The term `related' shall have the same
                meaning given such term under sections 267(b) and 707(b).
                ``(J) Beginning of construction.--For purposes of applying
            any provision under this paragraph, the beginning of
            construction with respect to any property shall be determined
            pursuant to rules similar to the rules under Internal Revenue
            Service Notice 2013-29 and Internal Revenue Service Notice
            2018-59 (as well as any subsequently issued guidance
            clarifying, modifying, or updating either such Notice), as in
            effect on January 1, 2025.
                ``(K) Regulations and guidance.--The Secretary may
            prescribe such regulations and guidance as may be necessary or
            appropriate to carry out the provisions of this paragraph,
            including rules to prevent the circumvention of any rules or
            restrictions with respect to prohibited foreign entities.
            ``(52) Material assistance from a prohibited foreign entity.--
                ``(A) In general.--The term `material assistance from a
            prohibited foreign entity' means--
                    ``(i) with respect to any qualified facility or energy
                storage technology, a material assistance cost ratio which
                is less than the threshold percentage applicable under
                subparagraph (B), or
                    ``(ii) with respect to any facility which produces
                eligible components, a material assistance cost ratio which
                is less than the threshold percentage applicable under
                subparagraph (C).
                ``(B) Threshold percentage for qualified facilities and
            energy storage technology.--For purposes of subparagraph
            (A)(i), the threshold percentage shall be--
                    ``(i) in the case of a qualified facility the
                construction of which begins--

                        ``(I) during calendar year 2026, 40 percent,
                        ``(II) during calendar year 2027, 45 percent,
                        ``(III) during calendar year 2028, 50 percent,
                        ``(IV) during calendar year 2029, 55 percent, and
                        ``(V) after December 31, 2029, 60 percent, and

                    ``(ii) in the case of energy storage technology the
                construction of which begins--

                        ``(I) during calendar year 2026, 55 percent,
                        ``(II) during calendar year 2027, 60 percent,
                        ``(III) during calendar year 2028, 65 percent,
                        ``(IV) during calendar year 2029, 70 percent, and
                        ``(V) after December 31, 2029, 75 percent.

                ``(C) Threshold percentage for eligible components.--
                    ``(i) In general.--For purposes of subparagraph
                (A)(ii), the threshold percentage shall be--

                        ``(I) in the case of any solar energy component (as
                    such term is defined in section 45X(c)(3)(A)) which is
                    sold--

                            ``(aa) during calendar year 2026, 50 percent,
                            ``(bb) during calendar year 2027, 60 percent,
                            ``(cc) during calendar year 2028, 70 percent,
                            ``(dd) during calendar year 2029, 80 percent,
                        and
                            ``(ee) after December 31, 2029, 85 percent,

                        ``(II) in the case of any wind energy component (as
                    such term is defined in section 45X(c)(4)(A)) which is
                    sold--

                            ``(aa) during calendar year 2026, 85 percent,
                        and
                            ``(bb) during calendar year 2027, 90 percent,

                        ``(III) in the case of any inverter described in
                    subparagraphs (B) through (G) of section 45X(c)(2)
                    which is sold--

                            ``(aa) during calendar year 2026, 50 percent,
                            ``(bb) during calendar year 2027, 55 percent,
                            ``(cc) during calendar year 2028, 60 percent,
                            ``(dd) during calendar year 2029, 65 percent,
                        and
                            ``(ee) after December 31, 2029, 70 percent,

                        ``(IV) in the case of any qualifying battery
                    component (as such term is defined in section
                    45X(c)(5)(A)) which is sold--

                            ``(aa) during calendar year 2026, 60 percent,
                            ``(bb) during calendar year 2027, 65 percent,
                            ``(cc) during calendar year 2028, 70 percent,
                            ``(dd) during calendar year 2029, 80 percent,
                        and
                            ``(ee) after December 31, 2029, 85 percent, and

                        ``(V) subject to clause (ii), in the case of any
                    applicable critical mineral (as such term is defined in
                    section 45X(c)(6)) which is sold--

                            ``(aa) after December 31, 2025, and before
                        January 1, 2030, 0 percent,
                            ``(bb) during calendar year 2030, 25 percent,
                            ``(cc) during calendar year 2031, 30 percent,
                            ``(dd) during calendar year 2032, 40 percent,
                        and
                            ``(ee) after December 31, 2032, 50 percent.
                    ``(ii) Adjusted threshold percentage for applicable
                critical minerals.--Not later than December 31, 2027, the
                Secretary shall issue threshold percentages for each of the
                applicable critical minerals described in section
                45X(c)(6)), which shall--

                        ``(I) apply in lieu of the threshold percentage
                    determined under clause (i)(V) for each calendar year,
                    and
                        ``(II) equal or exceed the threshold percentage
                    which would otherwise apply with respect to such
                    applicable critical mineral under such clause for such
                    calendar year, taking into account--

                            ``(aa) domestic geographic availability,
                            ``(bb) supply chain constraints,
                            ``(cc) domestic processing capacity needs, and
                            ``(dd) national security concerns.
                ``(D) Material assistance cost ratio.--
                    ``(i) Qualified facilities and energy storage
                technology.--For purposes of subparagraph (A)(i), the term
                `material assistance cost ratio' means the amount
                (expressed as a percentage) equal to the quotient of--

                        ``(I) an amount equal to--

                            ``(aa) the total direct costs to the taxpayer
                        attributable to all manufactured products
                        (including components) which are incorporated into
                        the qualified facility or energy storage technology
                        upon completion of construction, minus
                            ``(bb) the total direct costs to the taxpayer
                        attributable to all manufactured products
                        (including components) which are--
                                ``(AA) incorporated into the qualified
                            facility or energy storage technology upon
                            completion of construction, and
                                ``(BB) mined, produced, or manufactured by
                            a prohibited foreign entity, divided by

                        ``(II) the amount described in subclause (I)(aa).

                    ``(ii) Eligible components.--For purposes of
                subparagraph (A)(ii), the term `material assistance cost
                ratio' means the amount (expressed as a percentage) equal
                to the quotient of--

                        ``(I) an amount equal to--

                            ``(aa) with respect to an eligible component,
                        the total direct material costs that are paid or
                        incurred (within the meaning of section 461 and any
                        regulations issued under section 263A) by the
                        taxpayer for production of such eligible component,
                        minus
                            ``(bb) with respect to an eligible component,
                        the total direct material costs that are paid or
                        incurred (within the meaning of section 461 and any
                        regulations issued under section 263A) by the
                        taxpayer for production of such eligible component
                        that are mined, produced, or manufactured by a
                        prohibited foreign entity, divided by

                        ``(II) the amount described in subclause (I)(aa).

                    ``(iii) Safe harbor tables.--

                        ``(I) In general.--Not later than December 31,
                    2026, the Secretary shall issue safe harbor tables (and
                    such other guidance as deemed necessary) to--

                            ``(aa) identify the percentage of total direct
                        costs of any manufactured product which is
                        attributable to a prohibited foreign entity,
                            ``(bb) identify the percentage of total direct
                        material costs of any eligible component which is
                        attributable to a prohibited foreign entity, and
                            ``(cc) provide all rules necessary to determine
                        the amount of a taxpayer's material assistance from
                        a prohibited foreign entity within the meaning of
                        this paragraph.

                        ``(II) Safe harbors prior to issuance.--For
                    purposes of this paragraph, prior to the date on which
                    the Secretary issues the safe harbor tables described
                    in subclause (I), and for construction of a qualified
                    facility or energy storage technology which begins on
                    or before the date which is 60 days after the date of
                    issuance of such tables, a taxpayer may--

                            ``(aa) use the tables included in Internal
                        Revenue Service Notice 2025-08 to establish the
                        percentage of the total direct costs of any listed
                        eligible component and any manufactured product,
                        and
                            ``(bb) rely on a certification by the supplier
                        of the manufactured product, eligible component, or
                        constituent element, material, or subcomponent of
                        an eligible component--
                                ``(AA) of the total direct costs or the
                            total direct material costs, as applicable, of
                            such product or component that was not produced
                            or manufactured by a prohibited foreign entity,
                            or
                                ``(BB) that such product or component was
                            not produced or manufactured by a prohibited
                            foreign entity.

                        ``(III) Exception.--Notwithstanding subclauses (I)
                    and (II)--

                            ``(aa) if the taxpayer knows (or has reason to
                        know) that a manufactured product or eligible
                        component was produced or manufactured by a
                        prohibited foreign entity, the taxpayer shall treat
                        all direct costs with respect to such manufactured
                        product, or all direct material costs with respect
                        to such eligible component, as attributable to a
                        prohibited foreign entity, and
                            ``(bb) if the taxpayer knows (or has reason to
                        know) that the certification referred to in
                        subclause (II)(bb) pertaining to a manufactured
                        product or eligible component is inaccurate, the
                        taxpayer may not rely on such certification.

                        ``(IV) Certification requirement.--In a manner
                    consistent with Treasury Regulation section 1.45X-
                    4(c)(4)(i) (as in effect on the date of enactment of
                    this paragraph), the certification referred to in
                    subclause (II)(bb) shall--

                            ``(aa) include--
                                ``(AA) the supplier's employer
                            identification number, or
                                ``(BB) any such similar identification
                            number issued by a foreign government,
                            ``(bb) be signed under penalties of perjury,
                            ``(cc) be retained by the supplier and the
                        taxpayer for a period of not less than 6 years and
                        shall be provided to the Secretary upon request,
                        and
                            ``(dd) be from the supplier from which the
                        taxpayer purchased any manufactured product,
                        eligible component, or constituent elements,
                        materials, or subcomponents of an eligible
                        component, stating--
                                ``(AA) that such property was not produced
                            or manufactured by a prohibited foreign entity
                            and that the supplier does not know (or have
                            reason to know) that any prior supplier in the
                            chain of production of that property is a
                            prohibited foreign entity,
                                ``(BB) for purposes of section 45X, the
                            total direct material costs for each component,
                            constituent element, material, or subcomponent
                            that were not produced or manufactured by a
                            prohibited foreign entity, or
                                ``(CC) for purposes of section 45Y or
                            section 48E, the total direct costs
                            attributable to all manufactured products that
                            were not produced or manufactured by a
                            prohibited foreign entity.
                    ``(iv) Existing contract.--Upon the election of the
                taxpayer (in such form and manner as the Secretary shall
                designate), in the case of any manufactured product,
                eligible component, or constituent element, material, or
                subcomponent of an eligible component which is--

                        ``(I) acquired by the taxpayer, or manufactured or
                    assembled by or for the taxpayer, pursuant to a binding
                    written contract which was entered into prior to June
                    16, 2025, and
                        ``(II)(aa) placed into service before January 1,
                    2030 (or, in the case of an applicable facility, as
                    defined in section 45Y(d)(4)(B), before January 1,
                    2028) in a facility the construction of which began
                    before August 1, 2025, or
                        ``(bb) in the case of a constituent element,
                    material, or subcomponent, used in a product sold
                    before January 1, 2030,

                the cost to the taxpayer with respect to such product,
                component, element, material, or subcomponent shall not be
                included for purposes of determining the material
                assistance cost ratio under this subparagraph.
                    ``(v) Anti-circumvention rules.--The Secretary shall
                prescribe such regulations and guidance as may be necessary
                or appropriate to prevent circumvention of the rules under
                this subparagraph, including prevention of--

                        ``(I) any abuse of the exception provided under
                    clause (iv) through the stockpiling of any manufactured
                    product, eligible component, or constituent element,
                    material, or subcomponent of an eligible component
                    during any period prior to the application of the
                    requirements under this paragraph, or
                        ``(II) any evasion with respect to the requirements
                    of this subparagraph where the facts and circumstances
                    demonstrate that the beginning of construction of a
                    qualified facility or energy storage technology has not
                    in fact occurred.

                ``(E) Other definitions.--For purposes of this paragraph--
                    ``(i) Eligible component.--The term `eligible
                component' means--

                        ``(I) any property described in section 45X(c)(1),
                    or
                        ``(II) any component which is identified by the
                    Secretary pursuant to regulations or guidance issued
                    under subparagraph (G).

                    ``(ii) Energy storage technology.--The term `energy
                storage technology' has the same meaning given such term
                under section 48E(c)(2).
                    ``(iii) Manufactured product.--The term `manufactured
                product' means--

                        ``(I) a manufactured product which is a component
                    of a qualified facility, as described in section
                    45Y(g)(11)(B) and any guidance issued thereunder, or
                        ``(II) any product which is identified by the
                    Secretary pursuant to regulations or guidance issued
                    under subparagraph (G).

                    ``(iv) Qualified facility.--The term `qualified
                facility' means--

                        ``(I) a qualified facility, as defined in section
                    45Y(b)(1),
                        ``(II) a qualified facility, as defined in section
                    48E(b)(3), and
                        ``(III) any qualified interconnection property (as
                    defined in section 48E(b)(4)) which is part of the
                    qualified investment with respect to a qualified
                    facility (as described in section 48E(b)(1)).

                ``(F) Determination of ownership; beginning of
            construction.--Rules similar to the rules under subparagraphs
            (H) and (J) of paragraph (51) shall apply for purposes of this
            paragraph.
                ``(G) Regulations and guidance.--The Secretary may
            prescribe such regulations and guidance as may be necessary or
            appropriate to carry out the provisions of this paragraph,
            including--
                    ``(i) identification of components or products for
                purposes of clauses (i) and (iii) of subparagraph (E), and
                    ``(ii) for purposes of subparagraph (A)(ii), rules to
                address facilities which produce more than one eligible
                component.''.
        (d) Denial of Credit for Certain Wind and Solar Leasing
    Arrangements.--Section 45Y is amended by adding at the end the
    following new subsection:
        ``(h) Denial of Credit for Wind and Solar Leasing Arrangements.--No
    credit shall be determined under this section with respect to any
    production of electricity during the taxable year with respect to
    property described in paragraph (1) or (4) of section 25D(d) (as
    applied by substituting `lessee' for `taxpayer') if the taxpayer rents
    or leases such property to a third party during such taxable year.''.
        (e) Emissions Rates Tables.--Section 45Y(b)(2)(C) is amended by
    adding at the end the following new clause:
                    ``(iii) Existing studies.--For purposes of clause (i),
                in determining greenhouse gas emissions rates for types or
                categories of facilities for the purpose of determining
                whether a facility satisfies the requirements under
                paragraph (1), the Secretary shall consider studies
                published on or before the date of enactment of this clause
                which demonstrate a net lifecycle greenhouse gas emissions
                rate which is not greater than zero using widely accepted
                lifecycle assessment concepts, such as concepts described
                in standards developed by the International Organization
                for Standardization.''.
        (f) Nuclear Energy Communities.--
            (1) In general.--Section 45(b)(11) is amended--
                (A) in subparagraph (B)--
                    (i) in clause (ii)(II), by striking ``or'' at the end,
                    (ii) in clause (iii)(II), by striking the period at the
                end and inserting ``, or'', and
                    (iii) by adding at the end the following new clause:
                    ``(iv) for purposes of any qualified facility which is
                an advanced nuclear facility, a metropolitan statistical
                area which has (or, at any time during the period beginning
                after December 31, 2009, had) 0.17 percent or greater
                direct employment related to the advancement of nuclear
                power, including employment related to--

                        ``(I) an advanced nuclear facility,
                        ``(II) advanced nuclear power research and
                    development,
                        ``(III) nuclear fuel cycle research, development,
                    or production, including mining, enrichment,
                    manufacture, storage, disposal, or recycling of nuclear
                    fuel, and
                        ``(IV) the manufacturing or assembly of components
                    used in an advanced nuclear facility.'', and

                (B) by adding at the end the following new subparagraph:
                ``(C) Advanced nuclear facilities.--
                    ``(i) In general.--Subject to clause (ii), for purposes
                of subparagraph (B)(iv), the term `advanced nuclear
                facility' means any nuclear facility the reactor design for
                which is approved in the manner described in section
                45J(d)(2).
                    ``(ii) Special rule.--For purposes of clause (i), a
                facility shall be deemed to have a reactor design which is
                approved in the manner described in section 45J(d)(2) if
                the Nuclear Regulatory Commission has authorized
                construction and issued a site-specific construction permit
                or combined license with respect to such facility (without
                regard to whether the reactor design was approved after
                December 31, 1993).''.
            (2) Nonapplication for clean electricity investment credit.--
        Section 48E(a)(3)(A)(i) is amended by inserting ``, as applied
        without regard to clause (iv) thereof'' after ``section
        45(b)(11)(B)''.
        (g) Conforming Amendments.--Section 45Y(b)(1) is amended--
            (1) by redesignating subparagraph (D) as subparagraph (E), and
            (2) by inserting after subparagraph (C) the following new
        subparagraph:
                ``(D) Determination of capacity.--For purposes of
            subparagraph (C), additions of capacity of a facility shall be
            determined in any reasonable manner, including based on--
                    ``(i) determinations by, or reports to, the Federal
                Energy Regulatory Commission (including interconnection
                agreements), the Nuclear Regulatory Commission, or any
                similar entity, reflecting additions of capacity,
                    ``(ii) determinations or reports reflecting additions
                of capacity made by an independent professional engineer,
                    ``(iii) reports to, or issued by, regional transmission
                organizations or independent system operators reflecting
                additions of capacity, or
                    ``(iv) any other method or manner provided by the
                Secretary.''.
        (h) Prohibition on Transfer of Credits to Specified Foreign
    Entities.--Section 6418(g) is amended by adding at the end the
    following new paragraph:
            ``(5) Prohibition on transfer of credits to specified foreign
        entities.--With respect to any eligible credit described in clause
        (iii), (iv), (vi), (vii), (viii), or (xi) of subsection (f)(1)(A),
        an eligible taxpayer may not elect to transfer any portion of such
        credit to a taxpayer that is a specified foreign entity (as defined
        in section 7701(a)(51)(B)).''.
        (i) Extension of Period of Limitations for Errors Relating to
    Determining of Material Assistance From a Prohibited Foreign Entity.--
    Section 6501 is amended--
            (1) by redesignating subsection (o) as subsection (p), and
            (2) by inserting after subsection (n) the following new
        subsection:
        ``(o) Material Assistance From a Prohibited Foreign Entity.--In the
    case of a deficiency attributable to an error with respect to the
    determination under section 7701(a)(52) for any taxable year, such
    deficiency may be assessed at any time within 6 years after the return
    for such year was filed.''.
        (j) Imposition of Accuracy-related Penalties.--
            (1) In general.--Section 6662 is amended by adding at the end
        the following new subsection:
        ``(m) Substantial Understatement of Income Tax Due to Disallowance
    of Applicable Energy Credits.--
            ``(1) In general.--In the case of a taxpayer for which there is
        a disallowance of an applicable energy credit for any taxable year,
        for purposes of determining whether there is a substantial
        understatement of income tax for such taxable year, subsection
        (d)(1) shall be applied--
                ``(A) in subparagraphs (A) and (B), by substituting `1
            percent' for `10 percent' each place it appears, and
                ``(B) without regard to subparagraph (C).
            ``(2) Disallowance of an applicable energy credit.--For
        purposes of this subsection, the term `disallowance of an
        applicable energy credit' means the disallowance of a credit under
        section 45X, 45Y, or 48E by reason of overstating the material
        assistance cost ratio (as determined under section 7701(a)(52))
        with respect to any qualified facility, energy storage technology,
        or facility which produces eligible components.''.
            (2) Conforming amendment.--Section 6417(d)(6) is amended by
        adding at the end the following new subparagraph:
                ``(D) Disallowance of an applicable energy credit.--In the
            case of an applicable entity which made an election under
            subsection (a) with respect to an applicable credit for which
            there is a disallowance described in section 6662(m)(2),
            subparagraph (A) shall apply with respect to any excessive
            payment resulting from such disallowance.''.
        (k) Penalty for Substantial Misstatements on Certification Provided
    by Supplier.--
            (1) In general.--Part I of subchapter B of chapter 68 is
        amended by inserting after section 6695A the following new section:
    ``SEC. 6695B. PENALTY FOR SUBSTANTIAL MISSTATEMENTS ON CERTIFICATION
    PROVIDED BY SUPPLIER.
        ``(a) Imposition of Penalty.--If--
            ``(1) a person--
                ``(A) provides a certification described in clause
            (iii)(II)(bb) of section 7701(a)(52)(D) with respect to any
            manufactured product, eligible component, or constituent
            element, material, or subcomponent of an eligible component,
            and
                ``(B) knows, or reasonably should have known, that the
            certification would be used in connection with a determination
            under such section,
            ``(2) such person knows, or reasonably should have known, that
        such certification is inaccurate or false with respect to--
                ``(A) whether such property was produced or manufactured by
            a prohibited foreign entity, or
                ``(B) the total direct costs or total direct material costs
            of such property that was not produced or manufactured by a
            prohibited foreign entity that were provided on such
            certification, and
            ``(3) the inaccuracy or falsity described in paragraph (2)
        resulted in the disallowance of an applicable energy credit (as
        defined in section 6662(m)(2)) and an understatement of income tax
        (within the meaning of section 6662(d)(2)) for the taxable year in
        an amount which exceeds the lesser of--
                ``(A) 5 percent of the tax required to be shown on the
            return for the taxable year, or
                ``(B) $100,000,
        then such person shall pay a penalty in the amount determined under
        subsection (b).
        ``(b) Amount of Penalty.--The amount of the penalty imposed under
    subsection (a) on any person with respect to a certification shall be
    equal to the greater of--
            ``(1) 10 percent of the amount of the underpayment (as defined
        in section 6664(a)) solely attributable to the inaccuracy or
        falsity described in subsection (a)(2), or
            ``(2) $5,000.
        ``(c) Exception.--No penalty shall be imposed under subsection (a)
    if the person establishes to the satisfaction of the Secretary that any
    inaccuracy or falsity described in subsection (a)(2) is due to a
    reasonable cause and not willful neglect.
        ``(d) Definitions.--Any term used in this section which is also
    used in section 7701(a)(52) shall have the meaning given such term in
    such section.''.
            (2) Clerical amendments.--
                (A) Section 6696 is amended--
                    (i) in the heading, by striking ``and 6695a'' and
                inserting ``6695a, and 6695b'',
                    (ii) in subsections (a), (b), and (e), by striking
                ``and 6695A'' each place it appears and inserting ``6695A,
                and 6695B'',
                    (iii) in subsection (c), by striking ``or 6695A'' and
                inserting ``6695A, or 6695B'', and
                    (iv) in subsection (d)--

                        (I) in paragraph (1), by inserting ``(or, in the
                    case of any penalty under section 6695B, 6 years)''
                    after ``assessed within 3 years'', and
                        (II) in paragraph (2), by inserting ``(or, in the
                    case of any claim for refund of an overpayment of any
                    penalty assessed under section 6695B, 6 years)'' after
                    ``filed within 3 years''.

                (B) The table of sections for part I of subchapter B of
            chapter 68 is amended by inserting after item relating to
            section 6695A the following new item:
    ``Sec. 6695B. Penalty for substantial misstatements on certification
              provided by supplier.''.

        (l) Effective Dates.--
            (1) In general.--Except as provided in paragraphs (2), (3), and
        (4), the amendments made by this section shall apply to taxable
        years beginning after the date of enactment of this Act.
            (2) Material assistance from prohibited foreign entities.--The
        amendments made by subsection (b)(1) shall apply to facilities for
        which construction begins after December 31, 2025.
            (3) Penalty for substantial misstatements on certification
        provided by supplier.--The amendments made by subsection (k) shall
        apply to certifications provided after December 31, 2025.
            (4) Termination for wind and solar facilities.--The amendments
        made by subsection (a) shall apply to facilities the construction
        of which begins after the date which is 12 months after the date of
        enactment of this Act.
    SEC. 70513. TERMINATION AND RESTRICTIONS ON CLEAN ELECTRICITY
    INVESTMENT CREDIT.
        (a) Termination for Wind and Solar Facilities.--Section 48E(e) is
    amended--
            (1) in paragraph (1), by striking ``The amount of'' and
        inserting ``Subject to paragraph (4), the amount of'', and
            (2) by adding at the end the following new paragraph:
            ``(4) Termination for wind and solar facilities.--
                ``(A) In general.--This section shall not apply to any
            qualified property placed in service by the taxpayer after
            December 31, 2027, which is part of an applicable facility.
                ``(B) Applicable facility.--For purposes of this paragraph,
            the term `applicable facility' means a qualified facility
            which--
                    ``(i) uses wind to produce electricity (within the
                meaning of such term as used in section 45(d)(1), as
                determined without regard to any requirement under such
                section with respect to the date on which construction of
                property begins), or
                    ``(ii) uses solar energy to produce electricity (within
                the meaning of such term as used in section 45(d)(4), as
                determined without regard to any requirement under such
                section with respect to the date on which construction of
                property begins).
                ``(C) Exception.--This paragraph shall not apply with
            respect to any energy storage technology which is placed in
            service at any applicable facility.''.
        (b) Restrictions Relating to Prohibited Foreign Entities.--
            (1) In general.--Section 48E is amended--
                (A) in subsection (b)--
                    (i) by redesignating paragraph (6) as paragraph (7),
                and
                    (ii) by inserting after paragraph (5) the following new
                paragraph:
            ``(6) Material assistance from prohibited foreign entities.--
        The terms `qualified facility' and `qualified interconnection
        property' shall not include any facility or property the
        construction, reconstruction, or erection of which begins after
        December 31, 2025, if the construction, reconstruction, or erection
        of such facility or property includes any material assistance from
        a prohibited foreign entity (as defined in section 7701(a)(52)).'',
        and
                (B) in subsection (c), by adding at the end the following
            new paragraph:
            ``(3) Material assistance from prohibited foreign entities.--
        The term `energy storage technology' shall not include any property
        the construction of which begins after December 31, 2025, if the
        construction of such property includes any material assistance from
        a prohibited foreign entity (as defined in section 7701(a)(52)).''.
            (2) Additional restrictions.--Section 48E(d) is amended by
        adding at the end the following new paragraph:
            ``(6) Restrictions relating to prohibited foreign entities.--
                ``(A) In general.--No credit shall be determined under
            subsection (a) for any taxable year if the taxpayer is--
                    ``(i) a specified foreign entity (as defined in section
                7701(a)(51)(B)), or
                    ``(ii) a foreign-influenced entity (as defined in
                section 7701(a)(51)(D), without regard to clause (i)(II)
                thereof).
                ``(B) Effective control.--In the case of a taxpayer for
            which section 7701(a)(51)(D)(i)(II) is determined to apply for
            any taxable year, no credit shall be determined under
            subsection (a) for such taxable year if such determination
            relates to a qualified facility described in subsection (b)(3)
            or energy storage technology described in subsection (c)(2).''.
            (3) Recapture.--
                (A) In general.--Section 50(a) is amended--
                    (i) by redesignating paragraphs (4) through (6) as
                paragraphs (5) through (7), respectively,
                    (ii) by inserting after paragraph (3) the following new
                paragraph:
            ``(4) Payments to prohibited foreign entities.--
                ``(A) In general.--If there is an applicable payment made
            by a specified taxpayer before the close of the 10-year period
            beginning on the date such taxpayer placed in service
            investment credit property which is eligible for the clean
            electricity investment credit under section 48E(a), then the
            tax under this chapter for the taxable year in which such
            applicable payment occurs shall be increased by 100 percent of
            the aggregate decrease in the credits allowed under section 38
            for all prior taxable years which would have resulted solely
            from reducing to zero any credit determined under section 46
            which is attributable to the clean electricity investment
            credit under section 48E(a) with respect to such property.
                ``(B) Applicable payment.--For purposes of this paragraph,
            the term `applicable payment' means, with respect to any
            taxable year, a payment or payments described in section
            7701(a)(51)(D)(i)(II).
                ``(C) Specified taxpayer.--For purposes of this paragraph,
            the term `specified taxpayer' means any taxpayer who has been
            allowed a credit under section 48E(a) for any taxable year
            beginning after the date which is 2 years after the date of
            enactment of this paragraph.'',
                    (iii) in paragraph (5), as redesignated by clause (i),
                by striking ``or any applicable transaction to which
                paragraph (3)(A) applies,'' and inserting ``any applicable
                transaction to which paragraph (3)(A) applies, or any
                applicable payment to which paragraph (4)(A) applies,'',
                and
                    (iv) in paragraph (7), as redesignated by clause (i),
                by striking ``or (3)'' and inserting ``(3), or (4)''.
                (B) Conforming amendments.--
                    (i) Section 1371(d)(1) is amended by striking ``section
                50(a)(5)'' and inserting ``section 50(a)(6)''.
                    (ii) Section 6418(g)(3) is amended by striking
                ``subsection (a)(5)'' each place it appears and inserting
                ``subsection (a)(7)''.
        (c) Denial of Credit for Expenditures for Certain Wind and Solar
    Leasing Arrangements.--
            (1) In general.--Section 48E is amended--
                (A) by redesignating subsection (i) as subsection (j), and
                (B) by inserting after subsection (h) the following new
            subsection:
        ``(i) Denial of Credit for Expenditures for Wind and Solar Leasing
    Arrangements.--No credit shall be determined under this section for any
    qualified investment during the taxable year with respect to property
    described in paragraph (1) or (4) of section 25D(d) (as applied by
    substituting `lessee' for `taxpayer') if the taxpayer rents or leases
    such property to a third party during such taxable year.''.
            (2) Conforming rules.--Section 50 is amended by adding at the
        end the following new subsection:
        ``(e) Rules for Geothermal Heat Pumps.--For purposes of this
    section and section 168, the ownership of energy property described in
    section 48(a)(3)(A)(vii) shall be determined without regard to whether
    such property is readily usable by a person other than the lessee or
    service recipient.''.
        (d) Domestic Content Rules.--Subparagraph (B) of section 48E(a)(3)
    is amended to read as follows:
                ``(B) Domestic content.--Rules similar to the rules of
            section 48(a)(12) shall apply, except that, for purposes of
            subparagraph (B) of such section and the application of rules
            similar to the rules of section 45(b)(9)(B), the adjusted
            percentage (as determined under section 45(b)(9)(C)) shall be
            determined as follows:
                    ``(i) In the case of any qualified investment with
                respect to any qualified facility or energy storage
                technology the construction of which begins before June 16,
                2025, 40 percent (or, in the case of a qualified facility
                which is an offshore wind facility, 20 percent).
                    ``(ii) In the case of any qualified investment with
                respect to any qualified facility or energy storage
                technology the construction of which begins on or after
                June 16, 2025, and before January 1, 2026, 45 percent (or,
                in the case of a qualified facility which is an offshore
                wind facility, 27.5 percent).
                    ``(iii) In the case of any qualified investment with
                respect to any qualified facility or energy storage
                technology the construction of which begins during calendar
                year 2026, 50 percent (or, in the case of a qualified
                facility which is an offshore wind facility, 35 percent).
                    ``(iv) In the case of any qualified investment with
                respect to any qualified facility or energy storage
                technology the construction of which begins after December
                31, 2026, 55 percent.''.
        (e) Elimination of Energy Credit for Certain Energy Property.--
    Section 48(a)(2) is amended--
            (1) in subparagraph (A)(ii), by striking ``2 percent'' and
        inserting ``0 percent'', and
            (2) by adding at the end the following new subparagraph:
                ``(C) Nonapplication of increases to energy percentage.--
            For purposes of energy property described in subparagraph
            (A)(ii), the energy percentage applicable to such property
            pursuant to such subparagraph shall not be increased or
            otherwise adjusted by any provision of this section.''.
        (f) Application of Clean Electricity Investment Credit to Qualified
    Fuel Cell Property.--Section 48E, as amended by subsection (c), is
    amended--
            (1) by redesignating subsection (j) as subsection (k), and
            (2) by inserting after subsection (i) the following new
        subsection:
        ``(j) Application to Qualified Fuel Cell Property.--For purposes of
    this section, in the case of any qualified fuel cell property (as
    defined in section 48(c)(1), as applied without regard to subparagraph
    (E) thereof)--
            ``(1) subsection (b)(3)(A) shall be applied without regard to
        clause (iii) thereof,
            ``(2) for purposes of subsection (a)(1), the applicable
        percentage shall be 30 percent and such percentage shall not be
        increased or otherwise adjusted by any other provision of this
        section, and
            ``(3) subsection (g) shall not apply.''.
        (g) Effective Dates.--
            (1) In general.--Except as provided in paragraphs (2), (3),
        (4), and (5), the amendments made by this section shall apply to
        taxable years beginning after the date of enactment of this Act.
            (2) Domestic content rules.--The amendment made by subsection
        (d) shall apply on or after June 16, 2025.
            (3) Elimination of energy credit for certain energy property.--
        The amendments made by subsection (e) shall apply to property the
        construction of which begins on or after June 16, 2025.
            (4) Application of clean electricity investment credit to
        qualified fuel cell property.--The amendments made by subsection
        (f) shall apply to property the construction of which begins after
        December 31, 2025.
            (5) Termination for wind and solar facilities.--The amendments
        made by subsection (a) shall apply to facilities the construction
        of which begins after the date which is 12 months after the date of
        enactment of this Act.
    SEC. 70514. PHASE-OUT AND RESTRICTIONS ON ADVANCED MANUFACTURING
    PRODUCTION CREDIT.
        (a) Modification of Provision Relating to Sale of Integrated
    Components.--Paragraph (4) of section 45X(d) is amended to read as
    follows:
            ``(4) Sale of integrated components.--
                ``(A) In general.--For purposes of this section, a person
            shall be treated as having sold an eligible component to an
            unrelated person if--
                    ``(i) such component (referred to in this paragraph as
                the `primary component') is integrated, incorporated, or
                assembled into another eligible component (referred to in
                this paragraph as the `secondary component') produced
                within the same manufacturing facility as the primary
                component, and
                    ``(ii) the secondary component is sold to an unrelated
                person.
                ``(B) Additional requirements.--Subparagraph (A) shall only
            apply with respect to a secondary component for which not less
            than 65 percent of the total direct material costs which are
            paid or incurred (within the meaning of section 461 and any
            regulations issued under section 263A) by the taxpayer to
            produce such secondary component are attributable to primary
            components which are mined, produced, or manufactured in the
            United States.''.
        (b) Phase Out and Termination.--Section 45X(b)(3) is amended--
            (1) in the heading, by inserting ``and termination'' after
        ``Phase out'',
            (2) in subparagraph (A), in the matter preceding clause (i), by
        striking ``subparagraph (C)'' and inserting ``subparagraphs (C) and
        (D)'', and
            (3) by striking subparagraph (C) and inserting the following:
                ``(C) Phase out for applicable critical minerals other than
            metallurgical coal.--
                    ``(i) In general.--In the case of any applicable
                critical mineral (other than metallurgical coal) produced
                after December 31, 2030, the amount determined under this
                subsection with respect to such mineral shall be equal to
                the product of--

                        ``(I) the amount determined under paragraph (1)
                    with respect to such mineral, as determined without
                    regard to this subparagraph, multiplied by
                        ``(II) the phase out percentage under clause (ii).

                    ``(ii) Phase out percentage for applicable critical
                minerals other than metallurgical coal.--The phase out
                percentage under this clause is equal to--

                        ``(I) in the case of any applicable critical
                    mineral produced during calendar year 2031, 75 percent,
                        ``(II) in the case of any applicable critical
                    mineral produced during calendar year 2032, 50 percent,
                        ``(III) in the case of any applicable critical
                    mineral produced during calendar year 2033, 25 percent,
                    and
                        ``(IV) in the case of any applicable critical
                    mineral produced after December 31, 2033, 0 percent.

                ``(D) Termination for wind energy components.--This section
            shall not apply to any wind energy component produced and sold
            after December 31, 2027.
                ``(E) Termination for metallurgical coal.--This section
            shall not apply to any metallurgical coal produced after
            December 31, 2029.''.
        (c) Restrictions Relating to Prohibited Foreign Entities.--Section
    45X is amended--
            (1) in subsection (c)(1), by adding at the end the following
        new subparagraph:
                ``(C) Material assistance from prohibited foreign
            entities.--In the case of taxable years beginning after the
            date of enactment of this subparagraph, the term `eligible
            component' shall not include any property which includes any
            material assistance from a prohibited foreign entity (as
            defined in section 7701(a)(52), as applied by substituting
            `used in a product sold before January 1, 2027' for `used in a
            product sold before January 1, 2030' in subparagraph
            (D)(iv)(II)(bb) thereof).'', and
            (2) in subsection (d), as amended by subsection (a) of this
        section, by adding at the end the following new paragraph:
            ``(4) Restrictions relating to prohibited foreign entities.--
                ``(A) In general.--No credit shall be determined under
            subsection (a) for any taxable year if the taxpayer is--
                    ``(i) a specified foreign entity (as defined in section
                7701(a)(51)(B)), or
                    ``(ii) a foreign-influenced entity (as defined in
                section 7701(a)(51)(D), without regard to clause (i)(II)
                thereof).
                ``(B) Effective control.--In the case of a taxpayer for
            which section 7701(a)(51)(D)(i)(II) is determined to apply for
            any taxable year, no credit shall be determined under
            subsection (a) for such taxable year if such determination
            relates to an eligible component described in subsection
            (c)(1).''.
        (d) Modification of Definition of Battery Module.--Section
    45X(c)(5)(B)(iii) is amended--
            (1) in subclause (I)(bb), by striking ``and'' at the end,
            (2) in subclause (II), by striking the period at the end and
        inserting ``, and'', and
            (3) by adding at the end the following new subclause:

                        ``(III) which is comprised of all other essential
                    equipment needed for battery functionality, such as
                    current collector assemblies and voltage sense
                    harnesses, or any other essential energy collection
                    equipment.''.

        (e) Inclusion of Metallurgical Coal as an Applicable Critical
    Mineral for Purposes of the Advanced Manufacturing Production Credit.--
            (1) In general.--Section 45X(c)(6) is amended--
                (A) by redesignating subparagraphs (R) through (Z) as
            subparagraphs (S) through (AA), respectively, and
                (B) by inserting after subparagraph (Q) the following new
            subparagraph:
                ``(R) Metallurgical coal.--Metallurgical coal which is
            suitable for use in the production of steel (within the meaning
            of the notice published by the Department of Energy entitled
            `Critical Material List; Addition of Metallurgical Coal Used
            for Steelmaking' (90 Fed. Reg. 22711 (May 29, 2025))),
            regardless of whether such production occurs inside or outside
            of the United States.''.
            (2) Credit amount.--Section 45X(b)(1)(M) is amended by
        inserting ``(2.5 percent in the case of metallurgical coal)'' after
        ``10 percent''.
        (f) Effective Dates.--
            (1) In general.--Except as provided in paragraph (2), the
        amendments made by this section shall apply to taxable years
        beginning after the date of enactment of this Act.
            (2) Modification of provision relating to sale of integrated
        components.--The amendment made by subsection (a) shall apply to
        components sold during taxable years beginning after December 31,
        2026.
    SEC. 70515. RESTRICTION ON THE EXTENSION OF ADVANCED ENERGY PROJECT
    CREDIT PROGRAM.
        (a) In General.--Section 48C(e)(3)(C) is amended by striking
    ``shall be increased'' and inserting ``shall not be increased''.
        (b) Effective Date.--The amendment made by this section shall take
    effect on the date of enactment of this Act.

            Subchapter B--Enhancement of America-first Energy Policy

    SEC. 70521. EXTENSION AND MODIFICATION OF CLEAN FUEL PRODUCTION CREDIT.
        (a) Prohibition on Foreign Feedstocks.--
            (1) In general.--Section 45Z(f)(1)(A) is amended--
                (A) in clause (i)(II)(bb), by striking ``and'' at the end,
                (B) in clause (ii), by striking the period at the end and
            inserting ``, and'', and
                (C) by adding at the end the following new clause:
                    ``(iii) such fuel is exclusively derived from a
                feedstock which was produced or grown in the United States,
                Mexico, or Canada.''.
            (2) Effective date.--The amendments made by this subsection
        shall apply to transportation fuel produced after December 31,
        2025.
        (b) Prohibition on Negative Emission Rates.--
            (1) In general.--Section 45Z(b)(1) is amended--
                (A) by striking subparagraph (C) and inserting the
            following:
                ``(C) Rounding of emissions rate.--The Secretary may round
            the emissions rates under subparagraph (B) to the nearest
            multiple of 5 kilograms of CO2e per mmBTU.'', and
                (B) by adding at the end the following new subparagraph:
                ``(E) Prohibition on negative emission rates.--For purposes
            of this section, the emissions rate for a transportation fuel
            may not be less than zero.''.
            (2) Effective date.--The amendments made by this subsection
        shall apply to emissions rates published for transportation fuel
        produced after December 31, 2025.
        (c) Determination of Emissions Rate.--
            (1) In general.--Section 45Z(b)(1)(B) is amended by adding at
        the end the following new clauses:
                    ``(iv) Exclusion of indirect land use changes.--
                Notwithstanding clauses (i), (ii), and (iii), the emissions
                rate shall be adjusted as necessary to exclude any
                emissions attributed to indirect land use change. Any such
                adjustment shall be based on regulations or methodologies
                determined by the Secretary.
                    ``(v) Animal manures.--With respect to any
                transportation fuel which is derived from animal manure,
                the Secretary--

                        ``(I) shall provide a distinct emissions rate with
                    respect to such fuel based on the specific animal
                    manure feedstock, which may include dairy manure, swine
                    manure, poultry manure, or any other sources as are
                    determined appropriate by the Secretary, and
                        ``(II) notwithstanding subparagraph (E), may
                    provide an emissions rate that is less than zero.''.

            (2) Conforming amendment.--Section 45Z(b)(1)(B)(i) is amended
        by striking ``clauses (ii) and (iii)'' and inserting ``clauses
        (ii), (iii), (iv), and (v)''.
            (3) Effective date.--The amendments made by this subsection
        shall apply to emissions rates published for transportation fuel
        produced after December 31, 2025.
        (d) Extension of Clean Fuel Production Credit.--Section 45Z(g) is
    amended by striking ``December 31, 2027'' and inserting ``December 31,
    2029''.
        (e) Preventing Double Credit.--Section 45Z(d)(5) is amended--
            (1) in subparagraph (A)--
                (A) in clause (ii), by striking ``and'' at the end,
                (B) in clause (iii), by striking the period at the end and
            inserting ``, and'', and
                (C) by adding at the end the following new clause:
                    ``(iv) is not produced from a fuel for which a credit
                under this section is allowable.'', and
            (2) by adding at the end the following new subparagraph:
                ``(C) Regulations and guidance.--The Secretary shall issue
            such regulations or other guidance as the Secretary determines
            necessary to carry out the purposes of subparagraph (A)(iv).''.
        (f) Sales to Unrelated Persons.--Section 45Z(f)(3) is amended by
    adding at the end the following: ``The Secretary may prescribe
    additional related person rules similar to the rule described in the
    preceding sentence for entities which are not described in such
    sentence, including rules for related persons with respect to which the
    taxpayer has reason to believe will sell fuel to an unrelated person in
    a manner described in subsection (a)(4).''.
        (g) Treatment of Sustainable Aviation Fuel.--
            (1) Coordination of credits.--
                (A) In general.--Section 6426(k) is amended by adding at
            the end the following new paragraph:
            ``(4) Coordination of credits.--With respect to any gallon of
        sustainable aviation fuel in a qualified mixture, this subsection
        shall not apply to any such gallon for which a credit under section
        45Z is allowable (as determined without regard to subsection
        (a)(1)(A) of such section).''.
                (B) Effective date.--The amendment made by this paragraph
            shall apply to--
                    (i) fuel sold or used on or after the date of the
                enactment of this Act, and
                    (ii) fuel sold or used before the date of enactment of
                this Act, but only to the extent that claims for the credit
                under section 6426(k) of the Internal Revenue Code of 1986
                with respect to such sale or use have not been paid or
                allowed as of such date.
            (2) Elimination of special rate.--
                (A) In general.--Paragraph (3) of section 45Z(a) is amended
            to read as follows:
            ``(3) Definition of sustainable aviation fuel.--For purposes of
        this section, the term `sustainable aviation fuel' means liquid
        fuel, the portion of which is not kerosene, which is sold for use
        in an aircraft and which--
                ``(A) meets the requirements of--
                    ``(i) ASTM International Standard D7566, or
                    ``(ii) the Fischer Tropsch provisions of ASTM
                International Standard D1655, Annex A1, and
                ``(B) is not derived from palm fatty acid distillates or
            petroleum.''.
                (B) Conforming amendment.--Section 45Z(c)(1) is amended by
            striking ``, the $1.00 amount in subsection (a)(2)(B), the 35
            cent amount in subsection (a)(3)(A)(i), and the $1.75 amount in
            subsection (a)(3)(A)(ii)'' and inserting ``and the $1.00 amount
            in subsection (a)(2)(B)''.
                (C) Effective date.--The amendments made by this paragraph
            shall apply to fuel produced after December 31, 2025.
        (h) Sustainable Aviation Fuel Credit.--Section 6426(k), as amended
    by the preceding provisions of this Act, is amended by adding at the
    end the following new paragraph:
            ``(5) Termination.--This subsection shall not apply to any sale
        or use for any period after September 30, 2025.''.
        (i) Registration of Producers of Fuel Eligible for Clean Fuel
    Production Credit.--
            (1) In general.--Section 13704(b)(5) of Public Law 117-169 is
        amended by striking ``after `section 6426(k)(3)),''' and inserting
        ``after `section 40B),'''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to transportation fuel produced after December 31,
        2024.
        (j) Extension and Modification of Small Agri-biodiesel Producer
    Credit.--
            (1) In general.--Section 40A is amended--
                (A) in subsection (b)(4)--
                    (i) in subparagraph (A), by striking ``10 cents'' and
                inserting ``20 cents'',
                    (ii) in subparagraph (B), by inserting ``in a manner
                which complies with the requirements under section
                45Z(f)(1)(A)(iii)'' after ``produced by an eligible small
                agri-biodiesel producer'', and
                    (iii) by adding at the end the following new
                subparagraph:
                ``(D) Coordination with clean fuel production credit.--The
            credit determined under this paragraph with respect to any
            gallon of fuel shall be in addition to any credit determined
            under section 45Z with respect to such gallon of fuel.'', and
                (B) in subsection (g), by inserting ``(or, in the case of
            the small agri-biodiesel producer credit, any sale or use after
            December 31, 2026)'' after ``December 31, 2024''.
            (2) Transfer of credit.--Section 6418(f)(1)(A) is amended by
        adding at the end the following new clause:
                    ``(xii) So much of the biodiesel fuels credit
                determined under section 40A which consists of the small
                agri-biodiesel producer credit determined under subsection
                (b)(4) of such section.''.
            (3) Effective date.--The amendments made by this subsection
        shall apply to fuel sold or used after June 30, 2025.
        (k) Restrictions Relating to Prohibited Foreign Entities.--
            (1) In general.--Section 45Z(f) is amended by adding at the end
        the following new paragraph:
            ``(8) Restrictions relating to prohibited foreign entities.--
                ``(A) In general.--No credit shall be determined under
            subsection (a) for any taxable year beginning after the date of
            enactment of this paragraph if the taxpayer is a specified
            foreign entity (as defined in section 7701(a)(51)(B)).
                ``(B) Other prohibited foreign entities.--No credit shall
            be determined under subsection (a) for any taxable year
            beginning after the date which is 2 years after the date of
            enactment of this paragraph if the taxpayer is a foreign-
            influenced entity (as defined in section 7701(a)(51)(D),
            without regard to clause (i)(II) thereof).''.
            (2) Effective date.--The amendment made by this subsection
        shall apply to taxable years beginning after the date of enactment
        of this Act.
    SEC. 70522. RESTRICTIONS ON CARBON OXIDE SEQUESTRATION CREDIT.
        (a) Restrictions Relating to Prohibited Foreign Entities.--Section
    45Q(f) is amended by adding at the end the following new paragraph:
            ``(10) Restrictions relating to prohibited foreign entities.--
        No credit shall be determined under subsection (a) for any taxable
        year beginning after the date of enactment of this paragraph if the
        taxpayer is--
                ``(A) a specified foreign entity (as defined in section
            7701(a)(51)(B)), or
                ``(B) a foreign-influenced entity (as defined in section
            7701(a)(51)(D), determined without regard to clause (i)(II)
            thereof).''.
        (b) Parity for Different Uses and Utilizations of Qualified Carbon
    Oxide.--Section 45Q is amended--
            (1) in subsection (a)--
                (A) in paragraph (2)(B)(ii), by adding ``and'' at the end,
                (B) in paragraph (3), by striking subparagraph (B) and
            inserting the following:
                ``(B)(i) disposed of by the taxpayer in secure geological
            storage and not used by the taxpayer as described in clause
            (ii) or (iii),
                ``(ii) used by the taxpayer as a tertiary injectant in a
            qualified enhanced oil or natural gas recovery project and
            disposed of by the taxpayer in secure geological storage, or
                ``(iii) utilized by the taxpayer in a manner described in
            subsection (f)(5).'', and
                (C) by striking paragraph (4),
            (2) in subsection (b)--
                (A) in paragraph (1)--
                    (i) by striking subparagraph (A) and inserting the
                following:
                ``(A) In general.--Except as provided in subparagraph (B)
            or (C), the applicable dollar amount shall be an amount equal
            to--
                    ``(i) for any taxable year beginning in a calendar year
                after 2024 and before 2027, $17, and
                    ``(ii) for any taxable year beginning in a calendar
                year after 2026, an amount equal to the product of $17 and
                the inflation adjustment factor for such calendar year
                determined under section 43(b)(3)(B) for such calendar
                year, determined by substituting `2025' for `1990'.'', and
                    (ii) in subparagraph (B), by striking ``shall be
                applied'' and all that follows through the period and
                inserting ``shall be applied by substituting `$36' for
                `$17' each place it appears.'',
                (B) in paragraph (2)(B), by striking ``paragraphs (3)(A)
            and (4)(A)'' and inserting ``paragraph (3)(A)'', and
                (C) in paragraph (3), by striking ``the dollar amounts
            applicable under paragraph (3) or (4)'' and inserting ``the
            dollar amount applicable under paragraph (3)'',
            (3) in subsection (f)--
                (A) in paragraph (5)(B)(i), by striking ``(4)(B)(ii)'' and
            inserting ``(3)(B)(iii)'', and
                (B) in paragraph (9), by striking ``paragraphs (3) and (4)
            of subsection (a)'' and inserting ``subsection (a)(3)'', and
            (4) in subsection (h)(3)(A)(ii), by striking ``paragraph (3)(A)
        or (4)(A) of subsection (a)'' and inserting ``subsection
        (a)(3)(A)''.
        (c) Conforming Amendment.--Section 6417(d)(3)(C)(i)(II)(bb) is
    amended by striking ``paragraph (3)(A) or (4)(A) of section 45Q(a)''
    and inserting ``section 45Q(a)(3)(A)''.
        (d) Effective Dates.--
            (1) Restrictions relating to prohibited foreign entities.--The
        amendment made by subsection (a) shall apply to taxable years
        beginning after the date of enactment of this Act.
            (2) Parity for different uses and utilizations of qualified
        carbon oxide.--The amendments made subsections (b) and (c) shall
        apply to facilities or equipment placed in service after the date
        of enactment of this Act.
    SEC. 70523. INTANGIBLE DRILLING AND DEVELOPMENT COSTS TAKEN INTO
    ACCOUNT FOR PURPOSES OF COMPUTING ADJUSTED FINANCIAL STATEMENT INCOME.
        (a) In General.--Section 56A(c)(13) is amended--
            (1) by striking subparagraph (A) and inserting the following:
                ``(A) reduced by--
                    ``(i) depreciation deductions allowed under section 167
                with respect to property to which section 168 applies to
                the extent of the amount allowed as deductions in computing
                taxable income for the year, and
                    ``(ii) any deduction allowed for expenses under section
                263(c) (including any deduction for such expenses under
                section 59(e) or 291(b)(2)) with respect to property
                described therein to the extent of the amount allowed as
                deductions in computing taxable income for the year, and'',
                and
            (2) by striking subparagraph (B)(i) and inserting the
        following:
                    ``(i) to disregard any amount of--

                        ``(I) depreciation expense that is taken into
                    account on the taxpayer's applicable financial
                    statement with respect to such property, and
                        ``(II) depletion expense that is taken into account
                    on the taxpayer's applicable financial statement with
                    respect to the intangible drilling and development
                    costs of such property, and''.

        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70524. INCOME FROM HYDROGEN STORAGE, CARBON CAPTURE, ADVANCED
    NUCLEAR, HYDROPOWER, AND GEOTHERMAL ENERGY ADDED TO QUALIFYING INCOME
    OF CERTAIN PUBLICLY TRADED PARTNERSHIPS.
        (a) In General.--Section 7704(d)(1)(E) is amended--
            (1) by striking ``income and gains derived from the
        exploration'' and inserting the following: ``income and gains
        derived from--
                    ``(i) the exploration''.
            (2) by inserting ``or'' before ``industrial source'', and
            (3) by striking ``or the transportation or storage'' and all
        that follows and inserting the following:
                    ``(ii) the transportation or storage of--

                        ``(I) any fuel described in subsection (b), (c),
                    (d), (e), or (k) of section 6426, or any alcohol fuel
                    defined in section 6426(b)(4)(A) or any biodiesel fuel
                    as defined in section 40A(d)(1) or sustainable aviation
                    fuel as defined in section 40B(d)(1), or
                        ``(II) liquified hydrogen or compressed hydrogen,

                    ``(iii) in the case of a qualified facility (as defined
                in section 45Q(d), without regard to any date by which
                construction of the facility or equipment is required to
                begin) not less than 50 percent of the total carbon oxide
                production of which is qualified carbon oxide (as defined
                in section 45Q(c))--

                        ``(I) the generation, availability for such
                    generation, or storage of electric power at such
                    facility, or
                        ``(II) the capture of carbon dioxide by such
                    facility,

                    ``(iv) the production of electricity from any advanced
                nuclear facility (as defined in section 45J(d)(2)),
                    ``(v) the production of electricity or thermal energy
                exclusively using a qualified energy resource described in
                subparagraph (D) or (H) of section 45(c)(1), or
                    ``(vi) the operation of energy property described in
                clause (iii) or (vii) of section 48(a)(3)(A) (determined
                without regard to any requirement under such section with
                respect to the date on which construction of property
                begins).''.
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70525. ALLOW FOR PAYMENTS TO CERTAIN INDIVIDUALS WHO DYE FUEL.
        (a) In General.--Subchapter B of chapter 65, as amended by the
    preceding provisions of this Act, is amended by adding at the end the
    following new section:
    ``SEC. 6435. DYED FUEL.
        ``(a) In General.--If a person establishes to the satisfaction of
    the Secretary that such person meets the requirements of subsection (b)
    with respect to diesel fuel or kerosene, then the Secretary shall pay
    to such person an amount (without interest) equal to the tax described
    in subsection (b)(2)(A) with respect to such diesel fuel or kerosene.
        ``(b) Requirements.--
            ``(1) In general.--A person meets the requirements of this
        subsection with respect to diesel fuel or kerosene if such person
        removes from a terminal eligible indelibly dyed diesel fuel or
        kerosene.
            ``(2) Eligible indelibly dyed diesel fuel or kerosene
        defined.--The term `eligible indelibly dyed diesel fuel or
        kerosene' means diesel fuel or kerosene--
                ``(A) with respect to which a tax under section 4081 was
            previously paid (and not credited or refunded), and
                ``(B) which is exempt from taxation under section 4082(a).
        ``(c) Cross Reference.--For civil penalty for excessive claims
    under this section, see section 6675.''.
        (b) Conforming Amendments.--
            (1) Section 6206 is amended--
                (A) by striking ``or 6427'' each place it appears and
            inserting ``6427, or 6435'', and
                (B) by striking ``6420 and 6421'' and inserting ``6420,
            6421, and 6435''.
            (2) Section 6430 is amended--
                (A) by striking ``or'' at the end of paragraph (2), by
            striking the period at the end of paragraph (3) and inserting
            ``, or'', and by adding at the end the following new paragraph:
            ``(4) which are removed as eligible indelibly dyed diesel fuel
        or kerosene under section 6435.''.
            (3) Section 6675 is amended--
                (A) in subsection (a), by striking ``or 6427 (relating to
            fuels not used for taxable purposes)'' and inserting ``6427
            (relating to fuels not used for taxable purposes), or 6435
            (relating to eligible indelibly dyed fuel)'', and
                (B) in subsection (b)(1), by striking ``6421, or 6427,''
            and inserting ``6421, 6427, or 6435,''.
            (4) The table of sections for subchapter B of chapter 65, as
        amended by the preceding provisions of this Act, is amended by
        adding at the end the following new item:
    ``Sec. 6435. Dyed fuel.''.

        (c) Effective Date.--The amendments made by this section shall
    apply to eligible indelibly dyed diesel fuel or kerosene removed on or
    after the date that is 180 days after the date of the enactment of this
    section.

                          Subchapter C--Other Reforms

    SEC. 70531. MODIFICATIONS TO DE MINIMIS ENTRY PRIVILEGE FOR COMMERCIAL
    SHIPMENTS.
        (a) Civil Penalty.--
            (1) Additional penalty imposed.--Section 321 of the Tariff Act
        of 1930 (19 U.S.C. 1321) is amended by adding at the end the
        following new subsection:
        ``(c) Any person who enters, introduces, facilitates, or attempts
    to introduce an article into the United States using the privilege of
    this section, the importation of which violates any other provision of
    United States customs law, shall be assessed, in addition to any other
    penalty permitted by law, a civil penalty of up to $5,000 for the first
    violation and up to $10,000 for each subsequent violation.''.
            (2) Effective date.--The amendment made by paragraph (1) shall
        take effect 30 days after the date of the enactment of this Act.
        (b) Repeal of Commercial Shipment Exception.--
            (1) Repeal.--Section 321(a)(2) of such Act (19 U.S.C.
        1321(a)(2)) is amended by striking ``of this Act, or'' and all that
        follows through ``subdivision (2); and'' and inserting ``of this
        Act; and''.
            (2) Conforming repeal.--Subsection (c) of such section 321, as
        added by subsection (a) of this section, is repealed.
            (3) Effective date.--The amendments made by this subsection
        shall take effect on July 1, 2027.

     CHAPTER 6--ENHANCING DEDUCTION AND INCOME TAX CREDIT GUARDRAILS, AND
                                 OTHER REFORMS

    SEC. 70601. MODIFICATION AND EXTENSION OF LIMITATION ON EXCESS BUSINESS
    LOSSES OF NONCORPORATE TAXPAYERS.
        (a) Rule Made Permanent.--Section 461(l)(1) is amended by striking
    ``and before January 1, 2029,'' each place it appears.
        (b) Adjustment of Amounts for Calculation of Excess Business
    Loss.--Section 461(l)(3)(C) is amended--
            (1) in the matter preceding clause (i), by striking ``December
        31, 2018'' and inserting ``December 31, 2025'', and
            (2) in clause (ii), by striking ``2017'' and inserting
        ``2024''.
        (c) Effective Dates.--
            (1) Rule made permanent.--The amendments made by subsection (a)
        shall apply to taxable years beginning after December 31, 2026.
            (2) Adjustment of amounts for calculation of excess business
        loss.--The amendments made by subsection (b) shall apply to taxable
        years beginning after December 31, 2025.
    SEC. 70602. TREATMENT OF PAYMENTS FROM PARTNERSHIPS TO PARTNERS FOR
    PROPERTY OR SERVICES.
        (a) In General.--Section 707(a)(2) is amended by striking ``Under
    regulations prescribed'' and inserting ``Except as provided''.
        (b) Effective Date.--The amendment made by this section shall apply
    to services performed, and property transferred, after the date of the
    enactment of this Act.
        (c) Rule of Construction.--Nothing in this section, or the
    amendments made by this section, shall be construed to create any
    inference with respect to the proper treatment under section 707(a) of
    the Internal Revenue Code of 1986 with respect to payments from a
    partnership to a partner for services performed, or property
    transferred, on or before the date of the enactment of this Act.
    SEC. 70603. EXCESSIVE EMPLOYEE REMUNERATION FROM CONTROLLED GROUP
    MEMBERS AND ALLOCATION OF DEDUCTION.
        (a) Application of Aggregation Rules.--Section 162(m) is amended by
    adding at the end the following new paragraph:
            ``(7) Remuneration from controlled group members.--
                ``(A) In general.--In the case of any publicly held
            corporation which is a member of a controlled group--
                    ``(i) paragraph (1) shall be applied by substituting
                `specified covered employee' for `covered employee', and
                    ``(ii) if any person which is a member of such
                controlled group (other than such publicly held
                corporation) provides applicable employee remuneration to
                an individual who is a specified covered employee of such
                controlled group and the aggregate amount described in
                subparagraph (B)(ii) with respect to such specified covered
                employee exceeds $1,000,000--

                        ``(I) paragraph (1) shall apply to such person with
                    respect to such remuneration, and
                        ``(II) paragraph (1) shall apply to such publicly
                    held corporation and to each such related person by
                    substituting `the allocable limitation amount' for
                    `$1,000,000'.

                ``(B) Allocable limitation amount.--For purposes of this
            paragraph, the term `allocable limitation amount' means, with
            respect to any member of the controlled group referred to in
            subparagraph (A) with respect to any specified covered employee
            of such controlled group, the amount which bears the same ratio
            to $1,000,000 as--
                    ``(i) the amount of applicable employee remuneration
                provided by such member with respect to such specified
                covered employee, bears to
                    ``(ii) the aggregate amount of applicable employee
                remuneration provided by all such members with respect to
                such specified covered employee.
                ``(C) Specified covered employee.--For purposes of this
            paragraph, the term `specified covered employee' means, with
            respect to any controlled group--
                    ``(i) any employee described in subparagraph (A), (B),
                or (D) of paragraph (3), with respect to the publicly held
                corporation which is a member of such controlled group, and
                    ``(ii) any employee who would be described in
                subparagraph (C) of paragraph (3) if such subparagraph were
                applied by taking into account the employees of all members
                of the controlled group.
                ``(D) Controlled group.--For purposes of this paragraph,
            the term `controlled group' means any group treated as a single
            employer under subsection (b), (c), (m), or (o) of section
            414.''.
        (b) Effective Date.--The amendment made by this section shall apply
    to taxable years beginning after December 31, 2025.
    SEC. 70604. EXCISE TAX ON CERTAIN REMITTANCE TRANSFERS.
        (a) In General.--Chapter 36 is amended by inserting after
    subchapter B the following new subchapter:

                      ``Subchapter C--Remittance Transfers

    ``Sec. 4475. Imposition of tax.

    ``SEC. 4475. IMPOSITION OF TAX.
        ``(a) In General.--There is hereby imposed on any remittance
    transfer a tax equal to 1 percent of the amount of such transfer.
        ``(b) Payment of Tax.--
            ``(1) In general.--The tax imposed by this section with respect
        to any remittance transfer shall be paid by the sender with respect
        to such transfer.
            ``(2) Collection of tax.--The remittance transfer provider with
        respect to any remittance transfer shall collect the amount of the
        tax imposed under subsection (a) with respect to such transfer from
        the sender and remit such tax quarterly to the Secretary at such
        time and in such manner as provided by the Secretary,
            ``(3) Secondary liability.--Where any tax imposed by subsection
        (a) is not paid at the time the transfer is made, then to the
        extent that such tax is not collected, such tax shall be paid by
        the remittance transfer provider.
        ``(c) Tax Limited to Cash and Similar Instruments.--The tax imposed
    under subsection (a) shall apply only to any remittance transfer for
    which the sender provides cash, a money order, a cashier's check, or
    any other similar physical instrument (as determined by the Secretary)
    to the remittance transfer provider.
        ``(d) Nonapplication to Certain Noncash Remittance Transfers.--
    Subsection (a) shall not apply to any remittance transfer for which the
    funds being transferred are--
            ``(1) withdrawn from an account held in or by a financial
        institution--
                ``(A) which is described in subparagraphs (A) through (H)
            of section 5312(a)(2) of title 31, United States Code, and
                ``(B) that is subject to the requirements under subchapter
            II of chapter 53 of such title, or
            ``(2) funded with a debit card or a credit card which is issued
        in the United States.
        ``(e) Definitions.--For purposes of this section--
            ``(1) In general.--The terms `remittance transfer', `remittance
        transfer provider', and `sender' shall each have the respective
        meanings given such terms by section 919(g) of the Electronic Fund
        Transfer Act (15 U.S.C. 1693o-1(g)).
            ``(2) Credit card.--The term `credit card' has the same meaning
        given such term under section 920(c)(3) of the Electronic Fund
        Transfer Act (15 U.S.C. 1693o-2(c)(3)).
            ``(3) Debit card.--The term `debit card' has the same meaning
        given such term under section 920(c)(2) of the Electronic Fund
        Transfer Act (15 U.S.C. 1693o-2(c)(2)), without regard to
        subparagraph (B) of such section.
        ``(f) Application of Anti-conduit Rules.--For purposes of section
    7701(l), with respect to any multiple-party arrangements involving the
    sender, a remittance transfer shall be treated as a financing
    transaction.''.
        (b) Conforming Amendment.--The table of subchapters for chapter 36
    is amended by inserting after the item relating to subchapter B the
    following new item:

                     ``subchapter c--remittance transfers''.

        (c) Effective Date.--The amendments made by this section shall
    apply to transfers made after December 31, 2025.
    SEC. 70605. ENFORCEMENT PROVISIONS WITH RESPECT TO COVID-RELATED
    EMPLOYEE RETENTION CREDITS.
        (a) Assessable Penalty for Failure to Comply With Due Diligence
    Requirements.--
            (1) In general.--Any COVID-ERTC promoter which provides aid,
        assistance, or advice with respect to any COVID-ERTC document and
        which fails to comply with due diligence requirements imposed by
        the Secretary with respect to determining eligibility for, or the
        amount of, any credit or advance payment of a credit under section
        3134 of the Internal Revenue Code of 1986, shall pay a penalty of
        $1,000 for each such failure.
            (2) Due diligence requirements.--The due diligence requirements
        referred to in paragraph (1) shall be similar to the due diligence
        requirements imposed under section 6695(g) of the Internal Revenue
        Code of 1986.
            (3) Restriction to documents used in connection with returns or
        claims for refund.--Paragraph (1) shall not apply with respect to
        any COVID-ERTC document unless such document constitutes, or
        relates to, a return or claim for refund.
            (4) Treatment as assessable penalty, etc.--For purposes of the
        Internal Revenue Code of 1986, the penalty imposed under paragraph
        (1) shall be treated as a penalty which is imposed under section
        6695(g) of such Code and assessed under section 6201 of such Code.
            (5) Secretary.--For purposes of this subsection, the term
        ``Secretary'' means the Secretary of the Treasury or the
        Secretary's delegate.
        (b) COVID-ERTC Promoter.--For purposes of this section--
            (1) In general.--The term ``COVID-ERTC promoter'' means, with
        respect to any COVID-ERTC document, any person which provides aid,
        assistance, or advice with respect to such document if--
                (A) such person charges or receives a fee for such aid,
            assistance, or advice which is based on the amount of the
            refund or credit with respect to such document and, with
            respect to such person's taxable year in which such person
            provided such assistance or the preceding taxable year, the
            aggregate of the gross receipts of such person for aid,
            assistance, and advice with respect to all COVID-ERTC documents
            exceeds 20 percent of the gross receipts of such person for
            such taxable year, or
                (B) with respect to such person's taxable year in which
            such person provided such assistance or the preceding taxable
            year--
                    (i) the aggregate of the gross receipts of such person
                for aid, assistance, and advice with respect to all COVID-
                ERTC documents exceeds 50 percent of the gross receipts of
                such person for such taxable year, or
                    (ii) both--

                        (I) such aggregate gross receipts exceed 20 percent
                    of the gross receipts of such person for such taxable
                    year, and
                        (II) the aggregate of the gross receipts of such
                    person for aid, assistance, and advice with respect to
                    all COVID-ERTC documents (determined after application
                    of paragraph (3)) exceeds $500,000.

            (2) Exception for certified professional employer
        organizations.--The term ``COVID-ERTC promoter'' shall not include
        a certified professional employer organization (as defined in
        section 7705 of the Internal Revenue Code of 1986).
            (3) Aggregation rule.--For purposes of paragraph (1), all
        persons treated as a single employer under subsection (a) or (b) of
        section 52 of the Internal Revenue Code of 1986, or subsection (m)
        or (o) of section 414 of such Code, shall be treated as 1 person.
            (4) Short taxable years.--In the case of any taxable year of
        less than 12 months, a person shall be treated as a COVID-ERTC
        promoter if such person is described in paragraph (1) either with
        respect to such taxable year or by treating any reference to such
        taxable year as a reference to the calendar year in which such
        taxable year begins.
        (c) COVID-ERTC Document.--For purposes of this section, the term
    ``COVID-ERTC document'' means any return, affidavit, claim, or other
    document related to any credit or advance payment of a credit under
    section 3134 of the Internal Revenue Code of 1986, including any
    document related to eligibility for, or the calculation or
    determination of any amount directly related to, any such credit or
    advance payment.
        (d) Limitation on Credits and Refunds.--Notwithstanding section
    6511 of the Internal Revenue Code of 1986, no credit under section 3134
    of the Internal Revenue Code of 1986 shall be allowed, and no refund
    with respect to any such credit shall be made, after the date of the
    enactment of this Act, unless a claim for such credit or refund was
    filed by the taxpayer on or before January 31, 2024.
        (e) Extension of Limitation on Assessment.--Section 3134(l) is
    amended to read as follows:
        ``(l) Extension of Limitation on Assessment.--
            ``(1) In general.--Notwithstanding section 6501, the limitation
        on the time period for the assessment of any amount attributable to
        a credit claimed under this section shall not expire before the
        date that is 6 years after the latest of--
                ``(A) the date on which the original return which includes
            the calendar quarter with respect to which such credit is
            determined is filed,
                ``(B) the date on which such return is treated as filed
            under section 6501(b)(2), or
                ``(C) the date on which the claim for credit or refund with
            respect to such credit is made.
            ``(2) Deduction for wages taken into account in determining
        improperly claimed credit.--
                ``(A) In general.--Notwithstanding section 6511, in the
            case of an assessment attributable to a credit claimed under
            this section, the limitation on the time period for credit or
            refund of any amount attributable to a deduction for improperly
            claimed ERTC wages shall not expire before the time period for
            such assessment expires under paragraph (1).
                ``(B) Improperly claimed ertc wages.--For purposes of this
            paragraph, the term `improperly claimed ERTC wages' means, with
            respect to an assessment attributable to a credit claimed under
            this section, the wages with respect to which a deduction would
            not have been allowed if the portion of the credit to which
            such assessment relates had been properly claimed.''.
        (f) Amendment to Penalty for Erroneous Claim for Refund or
    Credit.--Section 6676(a) is amended by striking ``income tax'' and
    inserting ``income or employment tax''.
        (g) Effective Dates.--
            (1) In general.--The provisions of this section shall apply to
        aid, assistance, and advice provided after the date of the
        enactment of this Act.
            (2) Limitation on credits and refunds.--Subsection (d) shall
        apply to credits and refunds allowed or made after the date of the
        enactment of this Act.
            (3) Extension of limitation on assessment.--The amendment made
        by subsection (e) shall apply to assessments made after the date of
        the enactment of this Act.
            (4) Amendment to penalty for erroneous claim for refund or
        credit.--The amendment made by subsection (f) shall apply to claims
        for credit or refund after the date of the enactment of this Act.
        (h) Regulations.--The Secretary (as defined in subsection (a)(5))
    shall issue such regulations or other guidance as may be necessary or
    appropriate to carry out the purposes of this section (and the
    amendments made by this section).
    SEC. 70606. SOCIAL SECURITY NUMBER REQUIREMENT FOR AMERICAN OPPORTUNITY
    AND LIFETIME LEARNING CREDITS.
        (a) Social Security Number of Taxpayer Required.--Section 25A(g)(1)
    is amended to read as follows:
            ``(1) Identification requirement.--
                ``(A) Social security number requirement.--No credit shall
            be allowed under subsection (a) to an individual unless the
            individual includes on the return of tax for the taxable year--
                    ``(i) such individual's social security number, and
                    ``(ii) in the case of a credit with respect to the
                qualified tuition and related expenses of an individual
                other than the taxpayer or the taxpayer's spouse, the name
                and social security number of such individual.
                ``(B) Institution.--No American Opportunity Tax Credit
            shall be allowed under this section unless the taxpayer
            includes the employer identification number of any institution
            to which the taxpayer paid qualified tuition and related
            expenses taken into account under this section on the return of
            tax for the taxable year.
                ``(C) Social security number defined.--For purposes of this
            paragraph, the term `social security number' shall have the
            meaning given such term in section 24(h)(7).''.
        (b) Omission Treated as Mathematical or Clerical Error.--Section
    6213(g)(2)(J) is amended by striking ``TIN'' and inserting ``social
    security number or employer identification number''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.
    SEC. 70607. TASK FORCE ON THE REPLACEMENT OF DIRECT FILE.
        Out of any money in the Treasury not otherwise appropriated, there
    is hereby appropriated for the fiscal year ending September 30, 2026,
    $15,000,000, to remain available until September 30, 2026, for
    necessary expenses of the Department of the Treasury to deliver to
    Congress, within 90 days following the date of the enactment of this
    Act, a report on--
            (1) the cost of enhancing and establishing public-private
        partnerships which provide for free tax filing for up to 70 percent
        of all taxpayers calculated by adjusted gross income, and to
        replace any direct e-file programs run by the Internal Revenue
        Service;
            (2) taxpayer opinions and preferences regarding a taxpayer-
        funded, government-run service or a free service provided by the
        private sector;
            (3) assessment of the feasibility of a new approach, how to
        make the options consistent and simple for taxpayers across all
        participating providers, and how to provide features to address
        taxpayer needs; and
            (4) the cost (including options for differential coverage based
        on taxpayer adjusted gross income and return complexity) of
        developing and running a free direct e-file tax return system,
        including costs to build and administer each release.

                               Subtitle B--Health

                              CHAPTER 1--MEDICAID

        Subchapter A--Reducing Fraud and Improving Enrollment Processes

    SEC. 71101. MORATORIUM ON IMPLEMENTATION OF RULE RELATING TO
    ELIGIBILITY AND ENROLLMENT IN MEDICARE SAVINGS PROGRAMS.
        (a) In General.--The Secretary of Health and Human Services shall
    not, during the period beginning on the date of the enactment of this
    section and ending September 30, 2034, implement, administer, or
    enforce the amendments made by the provisions of the final rule
    published by the Centers for Medicare & Medicaid Services on September
    21, 2023, and titled ``Streamlining Medicaid; Medicare Savings Program
    Eligibility Determination and Enrollment'' (88 Fed. Reg. 65230) to the
    following sections of title 42, Code of Federal Regulations:
            (1) Section 406.21(c).
            (2) Section 435.4.
            (3) Section 435.601.
            (4) Section 435.911.
            (5) Section 435.952.
        (b) Implementation Funding.--For the purposes of carrying out the
    provisions of this section and section 71102, there are appropriated,
    out of any monies in the Treasury not otherwise appropriated, to the
    Administrator of the Centers for Medicare & Medicaid Services,
    $1,000,000 for fiscal year 2026, to remain available until expended.
    SEC. 71102. MORATORIUM ON IMPLEMENTATION OF RULE RELATING TO
    ELIGIBILITY AND ENROLLMENT FOR MEDICAID, CHIP, AND THE BASIC HEALTH
    PROGRAM.
        The Secretary of Health and Human Services shall not, during the
    period beginning on the date of the enactment of this section and
    ending September 30, 2034, implement, administer, or enforce the
    amendments made by the provisions of the final rule published by the
    Centers for Medicare & Medicaid Services on April 2, 2024, and titled
    ``Medicaid Program; Streamlining the Medicaid, Children's Health
    Insurance Program, and Basic Health Program Application, Eligibility
    Determination, Enrollment, and Renewal Processes'' (89 Fed. Reg. 22780)
    to the following sections of title 42, Code of Federal Regulations:
            (1) Part 431.--
                (A) Section 431.213(d).
            (2) Part 435.--
                (A) Section 435.222.
                (B) Section 435.407.
                (C) Section 435.907.
                (D) Section 435.911(c).
                (E) Section 435.912.
                (F) Section 435.916.
                (G) Section 435.919.
                (H) Section 435.1200(b)(3)(i)-(v).
                (I) Section 435.1200(e )(1)(ii).
                (J) Section 435.1200(h)(1).
            (3) Part 447.--Section 447.56(a)(1)(v).
            (4) Part 457.--
                (A) Section 457.344.
                (B) Section 457.960.
                (C) Section 457.1140(d)(4).
                (D) Section 457.1170.
                (E) Section 457.1180.
    SEC. 71103. REDUCING DUPLICATE ENROLLMENT UNDER THE MEDICAID AND CHIP
    PROGRAMS.
        (a) Medicaid.--
            (1) In general.--Section 1902 of the Social Security Act (42
        U.S.C. 1396a) is amended--
                (A) in subsection (a)--
                    (i) in paragraph (86), by striking ``and'' at the end;
                    (ii) in paragraph (87), by striking the period and
                inserting ``; and''; and
                    (iii) by inserting after paragraph (87) the following
                new paragraph:
            ``(88) provide--
                ``(A) beginning not later than January 1, 2027, in the case
            of 1 of the 50 States and the District of Columbia, for a
            process to regularly obtain address information for individuals
            enrolled under such plan (or a waiver of such plan) in
            accordance with subsection (vv); and
                ``(B) beginning not later than October 1, 2029--
                    ``(i) for the State to submit to the system established
                by the Secretary under subsection (uu), with respect to an
                individual enrolled or seeking to enroll under such plan,
                not less frequently than once each month and during each
                determination or redetermination of the eligibility of such
                individual for medical assistance under such plan (or
                waiver of such plan)--

                        ``(I) the social security number of such
                    individual, if such individual has a social security
                    number and is required to provide such number to enroll
                    under such plan (or waiver); and
                        ``(II) such other information with respect to such
                    individual as determined necessary by the Secretary for
                    purposes of preventing individuals from simultaneously
                    being enrolled under State plans (or waivers of such
                    plans) of multiple States;

                    ``(ii) for the use of such system to prevent such
                simultaneous enrollment; and
                    ``(iii) in the case that such system indicates that an
                individual enrolled or seeking to enroll under such plan
                (or waiver of such plan) is enrolled under a State plan (or
                waiver of such a plan) of another State, for the taking of
                appropriate action (as determined by the Secretary) to
                identify whether such an individual resides in the State
                and disenroll an individual from the State plan of such
                State if such individual does not reside in such State
                (unless such individual meets such an exception as the
                Secretary may specify).''; and
                (B) by adding at the end the following new subsections:
        ``(uu) Prevention of Enrollment Under Multiple State Plans.--
            ``(1) In general.--Not later than October 1, 2029, the
        Secretary shall establish a system to be utilized by the Secretary
        and States to prevent an individual from being simultaneously
        enrolled under the State plans (or waivers of such plans) of
        multiple States. Such system shall--
                ``(A) provide for the receipt of information submitted by a
            State under subsection (a)(88)(B)(i); and
                ``(B) not less than once each month, transmit information
            to a State (or allow the Secretary to transmit information to a
            State) regarding whether an individual enrolled or seeking to
            enroll under the State plan of such State (or waiver of such
            plan) is enrolled under the State plan (or waiver of such plan)
            of another State.
            ``(2) Standards.--The Secretary shall establish such standards
        as determined necessary by the Secretary to limit and protect
        information submitted under such system and ensure the privacy of
        such information, consistent with subsection (a)(7).
            ``(3) Implementation funding.--There are appropriated to the
        Administrator of the Centers for Medicare & Medicaid Services, out
        of amounts in the Treasury not otherwise appropriated, in addition
        to amounts otherwise available--
                ``(A) for fiscal year 2026, $10,000,000 for purposes of
            establishing the system and standards required under this
            subsection, to remain available until expended; and
                ``(B) for fiscal year 2029, $20,000,000 for purposes of
            maintaining such system, to remain available until expended.
        ``(vv) Process to Obtain Enrollee Address Information.--
            ``(1) In general.--For purposes of subsection (a)(88)(A), a
        process to regularly obtain address information for individuals
        enrolled under a State plan (or a waiver of such plan) shall obtain
        address information from reliable data sources described in
        paragraph (2) and take such actions as the Secretary shall specify
        with respect to any changes to such address based on such
        information.
            ``(2) Reliable data sources described.--For purposes of
        paragraph (1), the reliable data sources described in this
        paragraph are the following:
                ``(A) Mail returned to the State by the United States
            Postal Service with a forwarding address.
                ``(B) The National Change of Address Database maintained by
            the United States Postal Service.
                ``(C) A managed care entity (as defined in section
            1932(a)(1)(B)) or prepaid inpatient health plan or prepaid
            ambulatory health plan (as such terms are defined in section
            1903(m)(9)(D)) that has a contract under the State plan if the
            address information is provided to such entity or plan directly
            from, or verified by such entity or plan directly with, such
            individual.
                ``(D) Other data sources as identified by the State and
            approved by the Secretary.''.
            (2) Conforming amendments.--
                (A) PARIS.--Section 1903(r)(3) of the Social Security Act
            (42 U.S.C. 1396b(r)(3)) is amended--
                    (i) by striking ``In order'' and inserting ``(A) In
                order'';
                    (ii) by striking ``through the Public'' and inserting
                ``through--
                ``(i) the Public'';
                    (iii) by striking the period at the end and inserting
                ``; and
                ``(ii) beginning October 1, 2029, the system established by
            the Secretary under section 1902(uu).''; and
                    (iv) by adding at the end the following new
                subparagraph:
            ``(B) Beginning October 1, 2029, the Secretary may determine
        that a State is not required to have in operation an eligibility
        determination system which provides for data matching (for purposes
        of address verification under section 1902(vv)) through the system
        described in subparagraph (A)(i) to meet the requirements of this
        paragraph.''.
                (B) Managed care.--Section 1932 of the Social Security Act
            (42 U.S.C. 1396u-2) is amended by adding at the end the
            following new subsection:
        ``(j) Transmission of Address Information.--Beginning January 1,
    2027, each contract under a State plan with a managed care entity (as
    defined in section 1932(a)(1)(B)) or with a prepaid inpatient health
    plan or prepaid ambulatory health plan (as such terms are defined in
    section 1903(m)(9)(D)), shall provide that such entity or plan shall
    promptly transmit to the State any address information for an
    individual enrolled with such entity or plan that is provided to such
    entity or plan directly from, or verified by such entity or plan
    directly with, such individual.''.
        (b) CHIP.--
            (1) In general.--Section 2107(e)(1) of the Social Security Act
        (42 U.S.C. 1397gg(e)(1)) is amended--
                (A) by redesignating subparagraphs (H) through (U) as
            subparagraphs (I) through (V), respectively; and
                (B) by inserting after subparagraph (G) the following new
            subparagraph:
                ``(H) Section 1902(a)(88) (relating to address information
            for enrollees and prevention of simultaneous enrollments).''.
            (2) Managed care.--Section 2103(f)(3) of the Social Security
        Act (42 U.S.C. 1397cc(f)(3)) is amended by striking ``and (e)'' and
        inserting ``(e), and (j)''.
    SEC. 71104. ENSURING DECEASED INDIVIDUALS DO NOT REMAIN ENROLLED.
        Section 1902 of the Social Security Act (42 U.S.C. 1396a), as
    amended by section 71103, is further amended--
            (1) in subsection (a)--
                (A) in paragraph (87), by striking ``; and'' and inserting
            a semicolon;
                (B) in paragraph (88), by striking the period at the end
            and inserting ``; and''; and
                (C) by inserting after paragraph (88) the following new
            paragraph:
            ``(89) provide that the State shall comply with the eligibility
        verification requirements under subsection (ww), except that this
        paragraph shall apply only in the case of the 50 States and the
        District of Columbia.''; and
            (2) by adding at the end the following new subsection:
        ``(ww) Verification of Certain Eligibility Criteria.--
            ``(1) In general.--For purposes of subsection (a)(89), the
        eligibility verification requirements, beginning January 1, 2027,
        are as follows:
                ``(A) Quarterly screening to verify enrollee status.--The
            State shall, not less frequently than quarterly, review the
            Death Master File (as such term is defined in section 203(d) of
            the Bipartisan Budget Act of 2013) or a successor system that
            provides such information needed to determine whether any
            individuals enrolled for medical assistance under the State
            plan (or waiver of such plan) are deceased.
                ``(B) Disenrollment under state plan.--If the State
            determines, based on information obtained from the Death Master
            File, that an individual enrolled for medical assistance under
            the State plan (or waiver of such plan) is deceased, the State
            shall--
                    ``(i) treat such information as factual information
                confirming the death of a beneficiary;
                    ``(ii) disenroll such individual from the State plan
                (or waiver of such plan) in accordance with subsection
                (a)(3); and
                    ``(iii) discontinue any payments for medical assistance
                under this title made on behalf of such individual (other
                than payments for any items or services furnished to such
                individual prior to the death of such individual).
                ``(C) Reinstatement of coverage in the event of error.--If
            a State determines that an individual was misidentified as
            deceased based on information obtained from the Death Master
            File and was erroneously disenrolled from medical assistance
            under the State plan (or waiver of such plan) based on such
            misidentification, the State shall immediately re-enroll such
            individual under the State plan (or waiver of such plan),
            retroactive to the date of such disenrollment.
            ``(2) Rule of construction.--Nothing under this subsection
        shall be construed to preclude the ability of a State to use other
        electronic data sources to timely identify potentially deceased
        beneficiaries, so long as the State is also in compliance with the
        requirements of this subsection (and all other requirements under
        this title relating to Medicaid eligibility determination and
        redetermination).''.
    SEC. 71105. ENSURING DECEASED PROVIDERS DO NOT REMAIN ENROLLED.
        Section 1902(kk)(1) of the Social Security Act (42 U.S.C.
    1396a(kk)(1)) is amended--
            (1) by striking ``The State'' and inserting:
                ``(A) In general.--The State''; and
            (2) by adding at the end the following new subparagraph:
                ``(B) Provider screening against death master file.--
            Beginning January 1, 2028, as part of the enrollment (or
            reenrollment or revalidation of enrollment) of a provider or
            supplier under this title, and not less frequently than
            quarterly during the period that such provider or supplier is
            so enrolled, the State conducts a check of the Death Master
            File (as such term is defined in section 203(d) of the
            Bipartisan Budget Act of 2013) to determine whether such
            provider or supplier is deceased.''.
    SEC. 71106. PAYMENT REDUCTION RELATED TO CERTAIN ERRONEOUS EXCESS
    PAYMENTS UNDER MEDICAID.
        (a) In General.--Section 1903(u)(1) of the Social Security Act (42
    U.S.C. 1396b(u)(1)) is amended--
            (1) in subparagraph (A)--
                (A) by inserting ``for audits conducted by the Secretary,
            or, at the option of the Secretary, audits conducted by the
            State'' after ``exceeds 0.03''; and
                (B) by inserting ``, to the extent practicable'' before the
            period at the end;
            (2) in subparagraph (B)--
                (A) by striking ``The Secretary'' and inserting ``(i)
            Subject to clause (ii), the Secretary''; and
                (B) by adding at the end the following new clause:
            ``(ii) The amount waived under clause (i) for a fiscal year may
        not exceed an amount equal to the erroneous excess payments for
        medical assistance described in subparagraph (D)(i)(II) made for
        such fiscal year that exceed the allowable error rate of 0.03.''.
            (3) in subparagraph (C), by striking ``he'' in each place it
        appears and inserting ``the Secretary'' in each such place; and
            (4) in subparagraph (D)(i)--
                (A) in subclause (I), by striking ``and'' at the end;
                (B) in subclause (II), by striking the period at the end
            and inserting ``, or payments where insufficient information is
            available to confirm eligibility, and''; and
                (C) by adding at the end the following new subclause:
            ``(III) payments (other than payments described in subclause
        (I)) for items and services furnished to an individual who is not
        eligible for medical assistance under the State plan (or a waiver
        of such plan) with respect to such items and services, or payments
        where insufficient information is available to confirm
        eligibility.''.
        (b) Effective Date.--The amendments made by subsection (a) shall
    apply beginning with respect to fiscal year 2030.
    SEC. 71107. ELIGIBILITY REDETERMINATIONS.
        (a) In General.--Section 1902(e)(14) of the Social Security Act (42
    U.S.C. 1396a(e)(14)) is amended by adding at the end the following new
    subparagraph:
                ``(L) Frequency of eligibility redeterminations for certain
            individuals.--
                    ``(i) In general.--Subject to clause (ii), with respect
                to redeterminations of eligibility for medical assistance
                under a State plan (or waiver of such plan) scheduled on or
                after the first day of the first quarter that begins after
                December 31, 2026, a State shall make such a
                redetermination once every 6 months for the following
                individuals:

                        ``(I) Individuals enrolled under subsection
                    (a)(10)(A)(i)(VIII).
                        ``(II) Individuals described in such subsection who
                    are otherwise enrolled under a waiver of such plan that
                    provides coverage that is equivalent to minimum
                    essential coverage (as described in section
                    5000A(f)(1)(A) of the Internal Revenue Code of 1986 and
                    determined in accordance with standards prescribed by
                    the Secretary in regulations) to all individuals
                    described in subsection (a)(10)(A)(i)(VIII).

                    ``(ii) Exemption.--The requirements described in clause
                (i) shall not apply to any individual described in
                subsection (xx)(9)(A)(ii)(II).
                    ``(iii) State defined.--For purposes of this
                subparagraph, the term `State' means 1 of the 50 States or
                the District of Columbia.''.
        (b) Guidance.--Not later than 180 days after the date of enactment
    of this section, the Secretary of Health and Human Services, acting
    through the Administrator of the Centers for Medicare & Medicaid
    Services, shall issue guidance relating to the implementation of the
    amendments made by this section.
        (c) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $75,000,000 for fiscal year 2026, to remain
    available until expended.
    SEC. 71108. REVISING HOME EQUITY LIMIT FOR DETERMINING ELIGIBILITY FOR
    LONG-TERM CARE SERVICES UNDER THE MEDICAID PROGRAM.
        (a) Revising Home Equity Limit.--Section 1917(f)(1) of the Social
    Security Act (42 U.S.C. 1396p(f)(1)) is amended--
            (1) in subparagraph (B)--
                (A) by striking ``A State'' and inserting ``(i) A State'';
                (B) in clause (i), as inserted by subparagraph (A)--
                    (i) by striking ```$500,000''' and inserting ``the
                amount specified in subparagraph (A)''; and
                    (ii) by inserting ``, in the case of an individual's
                home that is located on a lot that is zoned for
                agricultural use,'' after ``apply subparagraph (A)''; and
                (C) by adding at the end the following new clause:
            ``(ii) A State may elect, without regard to the requirements of
        section 1902(a)(1) (relating to statewideness) and section
        1902(a)(10)(B) (relating to comparability), to apply subparagraph
        (A), in the case of an individual's home that is not described in
        clause (i), by substituting for the amount specified in such
        subparagraph, an amount that exceeds such amount, but does not
        exceed $1,000,000.''; and
            (2) in subparagraph (C)--
                (A) by inserting ``(other than the amount specified in
            subparagraph (B)(ii) (relating to certain non-agricultural
            homes))'' after ``specified in this paragraph''; and
                (B) by adding at the end the following new sentence: ``In
            the case that application of the preceding sentence would
            result in a dollar amount (other than the amount specified in
            subparagraph (B)(i) (relating to certain agricultural homes))
            exceeding $1,000,000, such amount shall be deemed to be equal
            to $1,000,000.''.
        (b) Clarification.--Section 1902 of the Social Security Act (42
    U.S.C. 1396a) is amended--
            (1) in subsection (r)(2), by adding at the end the following
        new subparagraph:
        ``(C) This paragraph shall not be construed as permitting a State
    to determine the eligibility of an individual for medical assistance
    with respect to nursing facility services or other long-term care
    services without application of the limit under section 1917(f)(1).'';
    and
            (2) in subsection (e)(14)(D)(iv)--
                (A) by striking ``Subparagraphs'' and inserting

                        ``(I) In general.--Subparagraphs''; and

                (B) by adding at the end the following new subclause:

                        ``(II) Application of home equity interest limit.--
                    Section 1917(f) shall apply for purposes of determining
                    the eligibility of an individual for medical assistance
                    with respect to nursing facility services or other
                    long-term care services.''.

        (c) Effective Date.--The amendments made by subsection (a) shall
    apply beginning on January 1, 2028.
    SEC. 71109. ALIEN MEDICAID ELIGIBILITY.
        (a) Medicaid.--Section 1903(v) of the Social Security Act (42
    U.S.C. 1396b(v)) is amended--
            (1) in paragraph (1), by striking ``and (4)''and inserting ``,
        (4), and (5)''; and
            (2) by adding at the end the following new paragraph:
        ``(5) Notwithstanding the preceding paragraphs of this subsection,
    beginning on October 1, 2026, except as provided in paragraphs (2) and
    (4), in no event shall payment be made to a State under this section
    for medical assistance furnished to an individual unless such
    individual is--
            ``(A) a resident of 1 of the 50 States, the District of
        Columbia, or a territory of the United States; and
            ``(B) either--
                ``(i) a citizen or national of the United States;
                ``(ii) an alien lawfully admitted for permanent residence
            as an immigrant as defined by sections 101(a)(15) and
            101(a)(20) of the Immigration and Nationality Act, excluding,
            among others, alien visitors, tourists, diplomats, and students
            who enter the United States temporarily with no intention of
            abandoning their residence in a foreign country;
                ``(iii) an alien who has been granted the status of Cuban
            and Haitian entrant, as defined in section 501(e) of the
            Refugee Education Assistance Act of 1980 (Public Law 96-422);
            or
                ``(iv) an individual who lawfully resides in the United
            States in accordance with a Compact of Free Association
            referred to in section 402(b)(2)(G) of the Personal
            Responsibility and Work Opportunity Reconciliation Act of
            1996.''.
        (b) CHIP.--Section 2107(e)(1) of the Social Security Act, as
    amended by section 71103(b), is further amended--
            (1) by redesignating subparagraphs (R) through (V) as
        paragraphs (S) through (W), respectively; and
            (2) by inserting after paragraph (Q) the following:
                ``(R) Section 1903(v)(5) (relating to payments for medical
            assistance furnished to aliens), except in relation to payments
            for services provided under section 2105(a)(1)(D)(ii).''.
        (c) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $15,000,000 for fiscal year 2026, to remain
    available until expended.
    SEC. 71110. EXPANSION FMAP FOR EMERGENCY MEDICAID.
        (a) In General.--Section 1905 of the Social Security Act (42 U.S.C.
    1396d) is amended by adding at the end the following new subsection:
        ``(kk) FMAP for Treatment of an Emergency Medical Condition.--
    Notwithstanding subsection (y) and (z), beginning on October 1, 2026,
    the Federal medical assistance percentage for payments for care and
    services described in paragraph (2) of subsection 1903(v) furnished to
    an alien described in paragraph (1) of such subsection shall not exceed
    the Federal medical assistance percentage determined under subsection
    (b) for such State.''.
        (b) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $1,000,000 for fiscal year 2026, to remain available
    until expended.

                   Subchapter B--Preventing Wasteful Spending

    SEC. 71111. MORATORIUM ON IMPLEMENTATION OF RULE RELATING TO STAFFING
    STANDARDS FOR LONG-TERM CARE FACILITIES UNDER THE MEDICARE AND MEDICAID
    PROGRAMS.
        The Secretary of Health and Human Services shall not, during the
    period beginning on the date of the enactment of this section and
    ending September 30, 2034, implement, administer, or enforce the
    amendments made by the provisions of the final rule published by the
    Centers for Medicare & Medicaid Services on May 10, 2024, and titled
    ``Medicare and Medicaid Programs; Minimum Staffing Standards for Long-
    Term Care Facilities and Medicaid Institutional Payment Transparency
    Reporting'' (89 Fed. Reg. 40876) to the following sections of part 483
    of title 42, Code of Federal Regulations:
            (1) Section 483.5.
            (2) Section 483.35.
    SEC. 71112. REDUCING STATE MEDICAID COSTS.
        (a) In General.--Section 1902(a)(34) of the Social Security Act (42
    U.S.C. 1396a(a)(34)) is amended to read as follows:
            ``(34) provide that in the case of any individual who has been
        determined to be eligible for medical assistance under the plan
        and--
                ``(A) is enrolled under paragraph (10)(A)(i)(VIII), such
            assistance will be made available to the individual for care
            and services included under the plan and furnished in or after
            the month before the month in which the individual made
            application (or application was made on the individual's behalf
            in the case of a deceased individual) for such assistance if
            such individual was (or upon application would have been)
            eligible for such assistance at the time such care and services
            were furnished; or
                ``(B) is not described in subparagraph (A), such assistance
            will be made available to the individual for care and services
            included under the plan and furnished in or after the second
            month before the month in which the individual made application
            (or application was made on the individual's behalf in the case
            of a deceased individual) for such assistance if such
            individual was (or upon application would have been) eligible
            for such assistance at the time such care and services were
            furnished;''.
        (b) Definition of Medical Assistance.--Section 1905(a) of the
    Social Security Act (42 U.S.C. 1396d(a)) is amended by striking ``in or
    after the third month before the month in which the recipient makes
    application for assistance'' and inserting ``, with respect to an
    individual described in section 1902(a)(34)(A), in or after the month
    before the month in which the recipient makes application for
    assistance, and with respect to an individual described in section
    1902(a)(34)(B), in or after the second month before the month in which
    the recipient makes application for assistance''.
        (c) CHIP.--Section 2102(b)(1)(B) of the Social Security Act (42
    U.S.C. 1397bb(b)(1)(B)) is amended--
            (1) in clause (iv), by striking ``and'' at the end;
            (2) in clause (v), by striking the period and inserting ``;
        and''; and
            (3) by adding at the end the following new clause:
                    ``(vi) shall, in the case that the State elects to
                provide child health or pregnancy-related assistance to an
                individual for any period prior to the month in which the
                individual made application for such assistance (or
                application was made on behalf of the individual), provide
                that such assistance is not made available to such
                individual for items and services included under the State
                child health plan (or waiver of such plan) that are
                furnished before the second month preceding the month in
                which such individual made application (or application was
                made on behalf of such individual) for assistance.''.
        (d) Effective Date.--The amendments made by this section shall
    apply to medical assistance, child health assistance, and pregnancy-
    related assistance with respect to individuals whose eligibility for
    such medical assistance, child health assistance, or pregnancy-related
    assistance is based on an application made on or after the first day of
    the first quarter that begins after December 31, 2026.
        (e) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $10,000,000 for fiscal year 2026, to remain
    available until expended.
    SEC. 71113. FEDERAL PAYMENTS TO PROHIBITED ENTITIES.
        (a) In General.--No Federal funds that are considered direct
    spending and provided to carry out a State plan under title XIX of the
    Social Security Act or a waiver of such a plan shall be used to make
    payments to a prohibited entity for items and services furnished during
    the 1-year period beginning on the date of the enactment of this Act,
    including any payments made directly to the prohibited entity or under
    a contract or other arrangement between a State and a covered
    organization.
        (b) Definitions.--In this section:
            (1) Prohibited entity.--The term ``prohibited entity'' means an
        entity, including its affiliates, subsidiaries, successors, and
        clinics--
                (A) that, as of the first day of the first quarter
            beginning after the date of enactment of this Act--
                    (i) is an organization described in section 501(c)(3)
                of the Internal Revenue Code of 1986 and exempt from tax
                under section 501(a) of such Code;
                    (ii) is an essential community provider described in
                section 156.235 of title 45, Code of Federal Regulations
                (as in effect on the date of enactment of this Act), that
                is primarily engaged in family planning services,
                reproductive health, and related medical care; and
                    (iii) provides for abortions, other than an abortion--

                        (I) if the pregnancy is the result of an act of
                    rape or incest; or
                        (II) in the case where a woman suffers from a
                    physical disorder, physical injury, or physical
                    illness, including a life-endangering physical
                    condition caused by or arising from the pregnancy
                    itself, that would, as certified by a physician, place
                    the woman in danger of death unless an abortion is
                    performed; and

                (B) for which the total amount of Federal and State
            expenditures under the Medicaid program under title XIX of the
            Social Security Act for medical assistance furnished in fiscal
            year 2023 made directly, or by a covered organization, to the
            entity or to any affiliates, subsidiaries, successors, or
            clinics of the entity, or made to the entity or to any
            affiliates, subsidiaries, successors, or clinics of the entity
            as part of a nationwide health care provider network, exceeded
            $800,000.
            (2) Direct spending.--The term ``direct spending'' has the
        meaning given that term under section 250(c) of the Balanced Budget
        and Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c)).
            (3) Covered organization.--The term ``covered organization''
        means a managed care entity (as defined in section 1932(a)(1)(B) of
        the Social Security Act (42 U.S.C. 1396u-2(a)(1)(B))) or a prepaid
        inpatient health plan or prepaid ambulatory health plan (as such
        terms are defined in section 1903(m)(9)(D) of such Act (42 U.S.C.
        1396b(m)(9)(D))).
            (4) State.--The term ``State'' has the meaning given such term
        in section 1101 of the Social Security Act (42 U.S.C. 1301).
        (c) Implementation Funding.--For the purposes of carrying out this
    section, there are appropriated, out of any monies in the Treasury not
    otherwise appropriated, to the Administrator of the Centers for
    Medicare & Medicaid Services, $1,000,000 for fiscal year 2026, to
    remain available until expended.

               Subchapter C--Stopping Abusive Financing Practices

    SEC. 71114. SUNSETTING INCREASED FMAP INCENTIVE.
        Section 1905(ii)(3) of the Social Security Act (42 U.S.C.
    1396d(ii)(3)) is amended--
            (1) by striking ``which has not'' and inserting the following:
        ``which--
                ``(A) has not'';
            (2) in subparagraph (A), as so inserted, by striking the period
        at the end and inserting ``; and''; and
            (3) by adding at the end the following new subparagraph:
                ``(B) begins to expend amounts for all such individuals
            prior to January 1, 2026.''.
    SEC. 71115. PROVIDER TAXES.
        (a) Change in Threshold for Hold Harmless Provision of Broad-based
    Health Care Related Taxes.--Section 1903(w)(4) of the Social Security
    Act (42 U.S.C. 1396b(w)(4)) is amended--
            (1) in subparagraph (C)(ii), by inserting ``, and for fiscal
        years beginning on or after October 1, 2026, the applicable percent
        determined under subparagraph (D) shall be substituted for `6
        percent' each place it appears'' after ``each place it appears'';
        and
            (2) by inserting after subparagraph (C)(ii), the following new
        subparagraph:
            ``(D)(i) For purposes of subparagraph (C)(ii), the applicable
        percent determined under this subparagraph is--
                ``(I) in the case of a non-expansion State or unit of local
            government in such State and a class of health care items or
            services described in section 433.56(a) of title 42, Code of
            Federal Regulations (as in effect on May 1, 2025)--
                    ``(aa) if, on the date of enactment of this
                subparagraph, the non-expansion State or unit of local
                government in such State has enacted a tax and imposes such
                tax on such class and the Secretary determines that the tax
                is within the hold harmless threshold as of that date, the
                applicable percent of net patient revenue attributable to
                such class that has been so determined; and
                    ``(bb) if, on the date of enactment of this
                subparagraph, the non-expansion State or unit of local
                government in such State has not enacted or does not impose
                a tax with respect to such class, 0 percent; and
                ``(II) in the case of an expansion State or unit of local
            government in such State and a class of health care items or
            services described in section 433.56(a) of title 42, Code of
            Federal Regulations (as in effect on May 1, 2025), subject to
            clause (iv)--
                    ``(aa) if, on the date of enactment of this
                subparagraph, the expansion State or unit of local
                government in such State has enacted a tax and imposes such
                tax on such class and the Secretary determines that the tax
                is within the hold harmless threshold as of that date, the
                lower of--

                        ``(AA) the applicable percent of net patient
                    revenue attributable to such class that has been so
                    determined; and
                        ``(BB) the applicable percent specified in clause
                    (ii) for the fiscal year; and

                    ``(bb) if, on the date of enactment of this
                subparagraph, the expansion State or unit of local
                government in such State has not enacted or does not impose
                a tax with respect to such class, 0 percent.
                ``(ii) For purposes of clause (i)(II)(aa)(BB), the
            applicable percent is--
                    ``(I) for fiscal year 2028, 5.5 percent;
                    ``(II) for fiscal year 2029, 5 percent;
                    ``(III) for fiscal year 2030, 4.5 percent;
                    ``(IV) for fiscal year 2031, 4 percent; and
                    ``(V) for fiscal year 2032 and each subsequent fiscal
                year, 3.5 percent.
                ``(iii) For purposes of clause (i):
                    ``(I) Expansion state.--The term `expansion State'
                means a State that, beginning on January 1, 2014, or on any
                date thereafter, elects to provide medical assistance to
                all individuals described in section
                1902(a)(10)(A)(i)(VIII) under the State plan under this
                title or under a waiver of such plan.
                    ``(II) Non-expansion state.--The term `non-expansion
                State' means a State that is not an expansion State.
                ``(iv) In the case of a tax of an expansion State or unit
            of local government in such State in effect on the date of
            enactment of this clause, that applies to a class of health
            care items or services that is described in paragraph (3) or
            (4) of section 433.56(a) of title 42, Code of Federal
            Regulations (as in effect on May 1, 2025), and for which, on
            such date of enactment, is within the hold harmless threshold
            (as determined by the Secretary), the applicable percent of net
            patient revenue attributable to such class that has been so
            determined shall apply for a fiscal year instead of the
            applicable percent specified in clause (ii) for the fiscal
            year.''.
        (b) Non-application to Territories.--The amendments made by this
    section shall only apply with respect to a State that is 1 of the 50
    States or the District of Columbia.
        (c) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $20,000,000 for fiscal year 2026, to remain
    available until expended.
    SEC. 71116. STATE DIRECTED PAYMENTS.
        (a) In General.--Subject to subsection (b), the Secretary of Health
    and Human Services (in this section referred to as the Secretary) shall
    revise section 438.6(c)(2)(iii) of title 42, Code of Federal
    Regulations (or a successor regulation) such that, with respect to a
    payment described in such section made for a service furnished during a
    rating period beginning on or after the date of the enactment of this
    Act, the total payment rate for such service is limited to--
            (1) in the case of a State that provides coverage to all
        individuals described in section 1902(a)(10)(A)(i)(VIII) of the
        Social Security Act (42 U.S.C. 1396a(a)(10)(A)(i)(VIII)) that is
        equivalent to minimum essential coverage (as described in section
        5000A(f)(1)(A) of the Internal Revenue Code of 1986 and determined
        in accordance with standards prescribed by the Secretary in
        regulations) under the State plan (or waiver of such plan) of such
        State under title XIX of such Act, 100 percent of the specified
        total published Medicare payment rate (or, in the absence of a
        specified total published Medicare payment rate, the payment rate
        under a Medicaid State plan (or under a waiver of such plan)); or
            (2) in the case of a State other than a State described in
        paragraph (1), 110 percent of the specified total published
        Medicare payment rate (or, in the absence of a specified total
        published Medicare payment rate, the payment rate under a Medicaid
        State plan (or under a waiver of such plan)).
        (b) Grandfathering Certain Payments.--In the case of a payment
    described in section 438.6(c)(2)(iii) of title 42, Code of Federal
    Regulations (or a successor regulation) for which written prior
    approval (or a good faith effort to receive such approval, as
    determined by the Secretary) was made before May 1, 2025, or a payment
    described in such section for a rural hospital (as defined in
    subsection (d)(2)) for which written prior approval (or a good faith
    effort to receive such approval, as determined by the Secretary) was
    made by the date of enactment of this Act, for the rating period
    occurring within 180 days of the date of the enactment of this Act, or
    a payment so described for such rating period for which a completed
    preprint was submitted to the Secretary prior to the date of enactment
    of this Act, beginning with the rating period on or after January 1,
    2028, the total amount of such payment shall be reduced by 10
    percentage points each year until the total payment rate for such
    service is equal to the rate for such service specified in subsection
    (a).
        (c) Treatment of Expansion States.--The revisions described in
    subsection (a) shall provide that, with respect to a State that begins
    providing the coverage described in paragraph (1) of such subsection on
    or after the date of the enactment of this Act, the limitation
    described in such paragraph shall apply to such State with respect to a
    payment described in section 438.6(c)(2)(iii) of title 42, Code of
    Federal Regulations (or a successor regulation) for a service furnished
    during a rating period beginning on or after the date of enactment of
    this Act.
        (d) Definitions.--In this section:
            (1) Rating period.--The term ``rating period'' has the meaning
        given such term in section 438.2 of title 42, Code of Federal
        Regulations (or a successor regulation).
            (2) Rural hospital.--The term ``rural hospital'' means the
        following:
                (A) A subsection (d) hospital (as defined in paragraph
            (1)(B) of section 1886(d) of the Social Security Act (42 U.S.C.
            1395ww(d))) that--
                    (i) is located in a rural area (as defined in paragraph
                (2)(D) of such section);
                    (ii) is treated as being located in a rural area
                pursuant to paragraph (8)(E) of such section; or
                    (iii) is located in a rural census tract of a
                metropolitan statistical area (as determined under the most
                recent modification of the Goldsmith Modification,
                originally published in the Federal Register on February
                27, 1992 (57 Fed. Reg. 6725)).
                (B) A critical access hospital (as defined in section
            1861(mm)(1) of such Act (42 U.S.C. 1395x(mm)(1))).
                (C) A sole community hospital (as defined in section
            1886(d)(5)(D)(iii) of such Act (42 U.S.C.
            1395ww(d)(5)(D)(iii))).
                (D) A Medicare-dependent, small rural hospital (as defined
            in section 1886(d)(5)(G)(iv) of such Act (42 U.S.C.
            1395ww(d)(5)(G)(iv))).
                (E) A low-volume hospital (as defined in section
            1886(d)(12)(C) of such Act (42 U.S.C. 1395ww(d)(12)(C))).
                (F) A rural emergency hospital (as defined in section
            1861(kkk)(2) of such Act (42 U.S.C. 1395x(kkk)(2))).
            (3) State.--The term ``State'' means 1 of the 50 States or the
        District of Columbia.
            (4) Total published medicare payment rate.--The term ``total
        published Medicare payment rate'' has the meaning given to such
        term in section 438.6(a) of title 42, Code of Federal Regulations
        (or a successor regulation).
            (5) Written prior approval.--The term ``written prior
        approval'' has the meaning given to such term in section
        438.6(c)(2)(i) of title 42, Code of Federal Regulations (or a
        successor regulation).
        (e) Funding.--There are appropriated out of any monies in the
    Treasury not otherwise appropriated $7,000,000 for each of fiscal years
    2026 through 2033 for purposes of carrying out this section, to remain
    available until expended.
    SEC. 71117. REQUIREMENTS REGARDING WAIVER OF UNIFORM TAX REQUIREMENT
    FOR MEDICAID PROVIDER TAX.
        (a) In General.--Section 1903(w) of the Social Security Act (42
    U.S.C. 1396b(w)) is amended--
            (1) in paragraph (3)(E), by inserting after clause (ii)(II) the
        following new clause:
        ``(iii) For purposes of clause (ii)(I), a tax is not considered to
    be generally redistributive if any of the following conditions apply:
            ``(I) Within a permissible class, the tax rate imposed on any
        taxpayer or tax rate group (as defined in paragraph (7)(J))
        explicitly defined by its relatively lower volume or percentage of
        Medicaid taxable units (as defined in paragraph (7)(H)) is lower
        than the tax rate imposed on any other taxpayer or tax rate group
        explicitly defined by its relatively higher volume or percentage of
        Medicaid taxable units.
            ``(II) Within a permissible class, the tax rate imposed on any
        taxpayer or tax rate group (as so defined) based upon its Medicaid
        taxable units (as so defined) is higher than the tax rate imposed
        on any taxpayer or tax rate group based upon its non-Medicaid
        taxable unit (as defined in paragraph (7)(I)).
            ``(III) The tax excludes or imposes a lower tax rate on a
        taxpayer or tax rate group (as so defined) based on or defined by
        any description that results in the same effect as described in
        subclause (I) or (II) for a taxpayer or tax rate group.
        Characteristics that may indicate such type of exclusion include
        the use of terminology to establish a tax rate group--
                ``(aa) based on payments or expenditures made under the
            program under this title without mentioning the term `Medicaid'
            (or any similar term) to accomplish the same effect as
            described in subclause (I) or (II); or
                ``(bb) that closely approximates a taxpayer or tax rate
            group under the program under this title, to the same effect as
            described in subclause (I) or (II).''; and
            (2) in paragraph (7), by adding at the end the following new
        subparagraphs:
            ``(H) The term `Medicaid taxable unit' means a unit that is
        being taxed within a health care related tax that is applicable to
        the program under this title. Such term includes a unit that is
        used as the basis for--
                ``(i) payment under the program under this title (such as
            Medicaid bed days);
                ``(ii) Medicaid revenue;
                ``(iii) costs associated with the program under this title
            (such as Medicaid charges, claims, or expenditures); and
                ``(iv) other units associated with the program under this
            title, as determined by the Secretary.
            ``(I) The term `non-Medicaid taxable unit' means a unit that is
        being taxed within a health care related tax that is not applicable
        to the program under this title. Such term includes a unit that is
        used as the basis for--
                ``(i) payment by non-Medicaid payers (such as non-Medicaid
            bed days);
                ``(ii) non-Medicaid revenue;
                ``(iii) costs that are not associated with the program
            under this title (such as non-Medicaid charges, non-Medicaid
            claims, or non-Medicaid expenditures); and
                ``(iv) other units not associated with the program under
            this title, as determined by the Secretary.
            ``(J) The term `tax rate group' means a group of entities
        contained within a permissible class of a health care related tax
        that are taxed at the same rate.''.
        (b) Non-application to Territories.--The amendments made by this
    section shall only apply with respect to a State that is 1 of the 50
    States or the District of Columbia.
        (c) Effective Date.--The amendments made by this section shall take
    effect upon the date of enactment of this Act, subject to any
    applicable transition period determined appropriate by the Secretary of
    Health and Human Services, not to exceed 3 fiscal years.
    SEC. 71118. REQUIRING BUDGET NEUTRALITY FOR MEDICAID DEMONSTRATION
    PROJECTS UNDER SECTION 1115.
        (a) In General.--Section 1115 of the Social Security Act (42 U.S.C.
    1315) is amended by adding at the end the following new subsection:
        ``(g) Requirement of Budget Neutrality for Medicaid Demonstration
    Projects.--
            ``(1) In general.--Beginning January 1 2027, the Secretary may
        not approve an application for (or renewal or amendment of) an
        experimental, pilot, or demonstration project undertaken under
        subsection (a) to promote the objectives of title XIX in a State
        (in this subsection referred to as a `Medicaid demonstration
        project') unless the Chief Actuary for the Centers for Medicare &
        Medicaid Services certifies that such project, or, in the case of a
        renewal, the duration of the preceding waiver, is not expected to
        result in an increase in the amount of Federal expenditures
        compared to the amount that such expenditures would otherwise be in
        the absence of such project. For purposes of this subsection,
        expenditures for the coverage of populations and services that the
        State could have otherwise provided through its Medicaid State plan
        or other authority under title XIX, including expenditures that
        could be made under such authority but for the provision of such
        services at a different site of service than authorized under such
        State plan or other authority, shall be considered expenditures in
        the absence of such a project.
            ``(2) Treatment of savings.--In the event that expenditures
        with respect to a State under a Medicaid demonstration project are,
        during an approval period for such project, less than the amount of
        such expenditures that would have otherwise been made in the
        absence of such project, the Secretary shall specify the
        methodology to be used with respect to the subsequent approval
        period for such project for purposes of taking the difference
        between such expenditures into account.''.
        (b) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $5,000,000 for each of fiscal years 2026 and 2027,
    to remain available until expended.

                Subchapter D--Increasing Personal Accountability

    SEC. 71119. REQUIREMENT FOR STATES TO ESTABLISH MEDICAID COMMUNITY
    ENGAGEMENT REQUIREMENTS FOR CERTAIN INDIVIDUALS.
        (a) In General.--Section 1902 of the Social Security Act (42 U.S.C.
    1396a), as amended by sections 71103 and 71104, is further amended by
    adding at the end the following new subsection:
        ``(xx) Community Engagement Requirement for Applicable
    Individuals.--
            ``(1) In general.--Except as provided in paragraph (11),
        beginning not later than the first day of the first quarter that
        begins after December 31, 2026, or, at the option of the State
        under a waiver or demonstration project under section 1115 or the
        State plan, such earlier date as the State may specify, subject to
        the succeeding provisions of this subsection, a State shall
        provide, as a condition of eligibility for medical assistance for
        an applicable individual, that such individual is required to
        demonstrate community engagement under paragraph (2)--
                ``(A) in the case of an applicable individual who has filed
            an application for medical assistance under a State plan (or a
            waiver of such plan) under this title, for 1 or more but not
            more than 3 (as specified by the State) consecutive months
            immediately preceding the month during which such individual
            applies for such medical assistance; and
                ``(B) in the case of an applicable individual enrolled and
            receiving medical assistance under a State plan (or under a
            waiver of such plan) under this title, for 1 or more (as
            specified by the State) months, whether or not consecutive--
                    ``(i) during the period between such individual's most
                recent determination (or redetermination, as applicable) of
                eligibility and such individual's next regularly scheduled
                redetermination of eligibility (as verified by the State as
                part of such regularly scheduled redetermination of
                eligibility); or
                    ``(ii) in the case of a State that has elected under
                paragraph (4) to conduct more frequent verifications of
                compliance with the requirement to demonstrate community
                engagement, during the period between the most recent and
                next such verification with respect to such individual.
            ``(2) Community engagement compliance described.--Subject to
        paragraph (3), an applicable individual demonstrates community
        engagement under this paragraph for a month if such individual
        meets 1 or more of the following conditions with respect to such
        month, as determined in accordance with criteria established by the
        Secretary through regulation:
                ``(A) The individual works not less than 80 hours.
                ``(B) The individual completes not less than 80 hours of
            community service.
                ``(C) The individual participates in a work program for not
            less than 80 hours.
                ``(D) The individual is enrolled in an educational program
            at least half-time.
                ``(E) The individual engages in any combination of the
            activities described in subparagraphs (A) through (D), for a
            total of not less than 80 hours.
                ``(F) The individual has a monthly income that is not less
            than the applicable minimum wage requirement under section 6 of
            the Fair Labor Standards Act of 1938, multiplied by 80 hours.
                ``(G) The individual had an average monthly income over the
            preceding 6 months that is not less than the applicable minimum
            wage requirement under section 6 of the Fair Labor Standards
            Act of 1938 multiplied by 80 hours, and is a seasonal worker,
            as described in section 45R(d)(5)(B) of the Internal Revenue
            Code of 1986 .
            ``(3) Exceptions.--
                ``(A) Mandatory exception for certain individuals.--The
            State shall deem an applicable individual to have demonstrated
            community engagement under paragraph (2) for a month, and may
            elect to not require an individual to verify information
            resulting in such deeming, if--
                    ``(i) for part or all of such month, the individual--

                        ``(I) was a specified excluded individual (as
                    defined in paragraph (9)(A)(ii)); or
                        ``(II) was--

                            ``(aa) under the age of 19;
                            ``(bb) entitled to, or enrolled for, benefits
                        under part A of title XVIII, or enrolled for
                        benefits under part B of title XVIII; or
                            ``(cc) described in any of subclauses (I)
                        through (VII) of subsection (a)(10)(A)(i); or
                    ``(ii) at any point during the 3-month period ending on
                the first day of such month, the individual was an inmate
                of a public institution.
                ``(B) Optional exception for short-term hardship events.--
                    ``(i) In general.--The State plan (or waiver of such
                plan) may provide, in the case of an applicable individual
                who experiences a short-term hardship event during a month,
                that the State shall, under procedures established by the
                State (in accordance with standards specified by the
                Secretary), in the case of a short-term hardship event
                described in clause (ii)(II) and, upon the request of such
                individual, a short-term hardship event described in
                subclause (I) or (III) of clause (ii), deem such individual
                to have demonstrated community engagement under paragraph
                (2) for such month.
                    ``(ii) Short-term hardship event defined.--For purposes
                of this subparagraph, an applicable individual experiences
                a short-term hardship event during a month if, for part or
                all of such month--

                        ``(I) such individual receives inpatient hospital
                    services, nursing facility services, services in an
                    intermediate care facility for individuals with
                    intellectual disabilities, inpatient psychiatric
                    hospital services, or such other services of similar
                    acuity (including outpatient care relating to other
                    services specified in this subclause) as the Secretary
                    determines appropriate;
                        ``(II) such individual resides in a county (or
                    equivalent unit of local government)--

                            ``(aa) in which there exists an emergency or
                        disaster declared by the President pursuant to the
                        National Emergencies Act or the Robert T. Stafford
                        Disaster Relief and Emergency Assistance Act; or
                            ``(bb) that, subject to a request from the
                        State to the Secretary, made in such form, at such
                        time, and containing such information as the
                        Secretary may require, has an unemployment rate
                        that is at or above the lesser of--
                                ``(AA) 8 percent; or
                                ``(BB) 1.5 times the national unemployment
                            rate; or

                        ``(III) such individual or their dependent must
                    travel outside of their community for an extended
                    period of time to receive medical services necessary to
                    treat a serious or complex medical condition (as
                    described in paragraph (9)(A)(ii)(V)(ee)) that are not
                    available within their community of residence.

            ``(4) Option to conduct more frequent compliance
        verifications.--With respect to an applicable individual enrolled
        and receiving medical assistance under a State plan (or a waiver of
        such plan) under this title, the State shall verify (in accordance
        with procedures specified by the Secretary) that each such
        individual has met the requirement to demonstrate community
        engagement under paragraph (1) during each such individual's
        regularly scheduled redetermination of eligibility, except that a
        State may provide for such verifications more frequently.
            ``(5) Ex parte verifications.--For purposes of verifying that
        an applicable individual has met the requirement to demonstrate
        community engagement under paragraph (1), or determining such
        individual to be deemed to have demonstrated community engagement
        under paragraph (3), or that an individual is a specified excluded
        individual under paragraph (9)(A)(ii), the State shall, in
        accordance with standards established by the Secretary, establish
        processes and use reliable information available to the State (such
        as payroll data or payments or encounter data under this title for
        individuals and data on payments to such individuals for the
        provision of services covered under this title) without requiring,
        where possible, the applicable individual to submit additional
        information.
            ``(6) Procedure in the case of noncompliance.--
                ``(A) In general.--If a State is unable to verify that an
            applicable individual has met the requirement to demonstrate
            community engagement under paragraph (1) (including, if
            applicable, by verifying that such individual was deemed to
            have demonstrated community engagement under paragraph (3)) the
            State shall (in accordance with standards specified by the
            Secretary)--
                    ``(i) provide such individual with the notice of
                noncompliance described in subparagraph (B);
                    ``(ii)(I) provide such individual with a period of 30
                calendar days, beginning on the date on which such notice
                of noncompliance is received by the individual, to--

                        ``(aa) make a satisfactory showing to the State of
                    compliance with such requirement (including, if
                    applicable, by showing that such individual was or
                    should be deemed to have demonstrated community
                    engagement under paragraph (3)); or
                        ``(bb) make a satisfactory showing to the State
                    that such requirement does not apply to such individual
                    on the basis that such individual does not meet the
                    definition of applicable individual under paragraph
                    (9)(A); and

                    ``(II) if such individual is enrolled under the State
                plan (or a waiver of such plan) under this title, continue
                to provide such individual with medical assistance during
                such 30-calendar-day period; and
                    ``(iii) if no such satisfactory showing is made and the
                individual is not a specified excluded individual described
                in paragraph (9)(A)(ii), deny such individual's application
                for medical assistance under the State plan (or waiver of
                such plan) or, as applicable, disenroll such individual
                from the plan (or waiver of such plan) not later than the
                end of the month following the month in which such 30-
                calendar-day period ends, provided that--

                        ``(I) the State first determines whether, with
                    respect to the individual, there is any other basis for
                    eligibility for medical assistance under the State plan
                    (or waiver of such plan) or for another insurance
                    affordability program; and
                        ``(II) the individual is provided written notice
                    and granted an opportunity for a fair hearing in
                    accordance with subsection (a)(3).

                ``(B) Notice.--The notice of noncompliance provided to an
            applicable individual under subparagraph (A)(i) shall include
            information (in accordance with standards specified by the
            Secretary) on--
                    ``(i) how such individual may make a satisfactory
                showing of compliance with such requirement (as described
                in subparagraph (A)(ii)) or make a satisfactory showing
                that such requirement does not apply to such individual on
                the basis that such individual does not meet the definition
                of applicable individual under paragraph (9)(A); and
                    ``(ii) how such individual may reapply for medical
                assistance under the State plan (or a waiver of such plan)
                under this title in the case that such individuals'
                application is denied or, as applicable, in the case that
                such individual is disenrolled from the plan (or waiver).
            ``(7) Treatment of noncompliant individuals in relation to
        certain other provisions.--
                ``(A) Certain fmap increases.--A State shall not be treated
            as not providing medical assistance to all individuals
            described in section 1902(a)(10)(A)(i)(VIII), or as not
            expending amounts for all such individuals under the State plan
            (or waiver of such plan), solely because such an individual is
            determined ineligible for medical assistance under the State
            plan (or waiver) on the basis of a failure to meet the
            requirement to demonstrate community engagement under paragraph
            (1).
                ``(B) Other provisions.--For purposes of section
            36B(c)(2)(B) of the Internal Revenue Code of 1986, an
            individual shall be deemed to be eligible for minimum essential
            coverage described in section 5000A(f)(1)(A)(ii) of such Code
            for a month if such individual would have been eligible for
            medical assistance under a State plan (or a waiver of such
            plan) under this title but for a failure to meet the
            requirement to demonstrate community engagement under paragraph
            (1).
            ``(8) Outreach.--
                ``(A) In general.--In accordance with standards specified
            by the Secretary, beginning not later than the date that
            precedes December 31, 2026 (or, if the State elects under
            paragraph (1) to specify an earlier date, such earlier date) by
            the number of months specified by the State under paragraph
            (1)(A) plus 3 months, and periodically thereafter, the State
            shall notify applicable individuals enrolled under a State plan
            (or waiver) under this title of the requirement to demonstrate
            community engagement under this subsection. Such notice shall
            include information on--
                    ``(i) how to comply with such requirement, including an
                explanation of the exceptions to such requirement under
                paragraph (3) and the definition of the term `applicable
                individual' under paragraph (9)(A);
                    ``(ii) the consequences of noncompliance with such
                requirement; and
                    ``(iii) how to report to the State any change in the
                individual's status that could result in--

                        ``(I) the applicability of an exception under
                    paragraph (3) (or the end of the applicability of such
                    an exception); or
                        ``(II) the individual qualifying as a specified
                    excluded individual under paragraph (9)(A)(ii).

                ``(B) Form of outreach notice.--A notice required under
            subparagraph (A) shall be delivered--
                    ``(i) by regular mail (or, if elected by the
                individual, in an electronic format); and
                    ``(ii) in 1 or more additional forms, which may include
                telephone, text message, an internet website, other
                commonly available electronic means, and such other forms
                as the Secretary determines appropriate.
            ``(9) Definitions.--In this subsection:
                ``(A) Applicable individual.--
                    ``(i) In general.--The term `applicable individual'
                means an individual (other than a specified excluded
                individual (as defined in clause (ii)))--

                        ``(I) who is eligible to enroll (or is enrolled)
                    under the State plan under subsection
                    (a)(10)(A)(i)(VIII); or
                        ``(II) who--

                            ``(aa) is otherwise eligible to enroll (or is
                        enrolled) under a waiver of such plan that provides
                        coverage that is equivalent to minimum essential
                        coverage (as described in section 5000A(f)(1)(A) of
                        the Internal Revenue Code of 1986 and as determined
                        in accordance with standards prescribed by the
                        Secretary in regulations); and
                            ``(bb) has attained the age of 19 and is under
                        65 years of age, is not pregnant, is not entitled
                        to, or enrolled for, benefits under part A of title
                        XVIII, or enrolled for benefits under part B of
                        title XVIII, and is not otherwise eligible to
                        enroll under such plan.
                    ``(ii) Specified excluded individual.--For purposes of
                clause (i), the term `specified excluded individual' means
                an individual, as determined by the State (in accordance
                with standards specified by the Secretary)--

                        ``(I) who is described in subsection
                    (a)(10)(A)(i)(IX);
                        ``(II) who--

                            ``(aa) is an Indian or an Urban Indian (as such
                        terms are defined in paragraphs (13) and (28) of
                        section 4 of the Indian Health Care Improvement
                        Act);
                            ``(bb) is a California Indian described in
                        section 809(a) of such Act; or
                            ``(cc) has otherwise been determined eligible
                        as an Indian for the Indian Health Service under
                        regulations promulgated by the Secretary;

                        ``(III) who is the parent, guardian, caretaker
                    relative, or family caregiver (as defined in section 2
                    of the RAISE Family Caregivers Act) of a dependent
                    child 13 years of age and under or a disabled
                    individual;
                        ``(IV) who is a veteran with a disability rated as
                    total under section 1155 of title 38, United States
                    Code;
                        ``(V) who is medically frail or otherwise has
                    special medical needs (as defined by the Secretary),
                    including an individual--

                            ``(aa) who is blind or disabled (as defined in
                        section 1614);
                            ``(bb) with a substance use disorder;
                            ``(cc) with a disabling mental disorder;
                            ``(dd) with a physical, intellectual or
                        developmental disability that significantly impairs
                        their ability to perform 1 or more activities of
                        daily living; or
                            ``(ee) with a serious or complex medical
                        condition;

                        ``(VI) who--

                            ``(aa) is in compliance with any requirements
                        imposed by the State pursuant to section 407; or
                            ``(bb) is a member of a household that receives
                        supplemental nutrition assistance program benefits
                        under the Food and Nutrition Act of 2008 and is not
                        exempt from a work requirement under such Act;

                        ``(VII) who is participating in a drug addiction or
                    alcoholic treatment and rehabilitation program (as
                    defined in section 3(h) of the Food and Nutrition Act
                    of 2008);
                        ``(VIII) who is an inmate of a public institution;
                    or
                        ``(IX) who is pregnant or entitled to postpartum
                    medical assistance under paragraph (5) or (16) of
                    subsection (e).

                ``(B) Educational program.--The term `educational program'
            includes--
                    ``(i) an institution of higher education (as defined in
                section 101 of the Higher Education Act of 1965); and
                    ``(ii) a program of career and technical education (as
                defined in section 3 of the Carl D. Perkins Career and
                Technical Education Act of 2006).
                ``(C) State.--The term `State' means 1 of the 50 States or
            the District of Columbia.
                ``(D) Work program.--The term `work program' has the
            meaning given such term in section 6(o)(1) of the Food and
            Nutrition Act of 2008.
            ``(10) Prohibiting waiver of community engagement
        requirements.--Notwithstanding section 1115(a), the provisions of
        this subsection may not be waived.
            ``(11) Special implementation rule.--
                ``(A) In general.--Subject to subparagraph (C), the
            Secretary may exempt a State from compliance with the
            requirements of this subsection if--
                    ``(i) the State submits to the Secretary a request for
                such exemption, made in such form and at such time as the
                Secretary may require, and including the information
                specified in subparagraph (B); and
                    ``(ii) the Secretary determines that based on such
                request, the State is demonstrating a good faith effort to
                comply with the requirements of this subsection.
                ``(B) Good faith effort determination.--In determining
            whether a State is demonstrating a good faith effort for
            purposes of subparagraph (A)(ii), the Secretary shall
            consider--
                    ``(i) any actions taken by the State toward compliance
                with the requirements of this subsection;
                    ``(ii) any significant barriers to or challenges in
                meeting such requirements, including related to funding,
                design, development, procurement, or installation of
                necessary systems or resources;
                    ``(iii) the State's detailed plan and timeline for
                achieving full compliance with such requirements, including
                any milestones of such plan (as defined by the Secretary);
                and
                    ``(iv) any other criteria determined appropriate by the
                Secretary.
                ``(C) Duration of exemption.--
                    ``(i) In general.--An exemption granted under
                subparagraph (A) shall expire not later than December 31,
                2028, and may not be renewed beyond such date.
                    ``(ii) Early termination.--The Secretary may terminate
                an exemption granted under subparagraph (A) prior to the
                expiration date of such exemption if the Secretary
                determined that the State has--

                        ``(I) failed to comply with the reporting
                    requirements described in subparagraph (D); or
                        ``(II) based on the information provided pursuant
                    to subparagraph (D), failed to make continued good
                    faith efforts toward compliance with the requirements
                    of this subsection.

                ``(D) Reporting requirements.--A State granted an exemption
            under subparagraph (A) shall submit to the Secretary--
                    ``(i) quarterly progress reports on the State's status
                in achieving the milestones toward full compliance
                described in subparagraph (B)(iii); and
                    ``(ii) information on specific risks or newly
                identified barriers or challenges to full compliance,
                including the State's plan to mitigate such risks,
                barriers, or challenges.''.
        (b) Conforming Amendment.--Section 1902(a)(10)(A)(i)(VIII) of the
    Social Security Act (42 U.S.C. 1396a(a)(10)(A)(i)(VIII)) is amended by
    striking ``subject to subsection (k)'' and inserting ``subject to
    subsections (k) and (xx)''.
        (c) Prohibiting Conflicts of Interest.--A State shall not use a
    Medicaid managed care entity or other specified entity (as such terms
    are defined in section 1903(m)(9)(D)), or other contractor to determine
    beneficiary compliance under such section unless the contractor has no
    direct or indirect financial relationship with any Medicaid managed
    care entity or other specified entity that is responsible for providing
    or arranging for coverage of medical assistance for individuals
    enrolled with the entity pursuant to a contract with such State.
        (d) Interim Final Rulemaking.--Not later than June 1, 2026, the
    Secretary of Health and Human Services shall promulgate an interim
    final rule for purposes of implementing the provisions of, and the
    amendments made by, this section. Any action taken to implement the
    provisions of, and the amendments made by, this section shall not be
    subject to the provisions of section 553 of title 5, United States
    Code.
        (e) Development of Government Efficiency Grants to States.--
            (1) In general.--In order for States to establish systems
        necessary to carry out the provisions of, and amendments made by,
        this section or other sections of this chapter that pertain to
        conducting eligibility determinations or redeterminations, the
        Secretary of Health and Human Services shall--
                (A) out of amounts appropriated under paragraph (3)(A),
            award to each State a grant equal to the amount specified in
            paragraph (2) for such State; and
                (B) out of amounts appropriated under paragraph (3)(B),
            distribute an equal amount among such States.
            (2) Amount specified.--For purposes of paragraph (1)(A), the
        amount specified in this paragraph is an amount that bears the same
        ratio to the amount appropriated under paragraph (3)(A) as the
        number of applicable individuals (as defined in section 1902(xx) of
        the Social Security Act, as added by subsection (a)) residing in
        such State bears to the total number of such individuals residing
        in all States, as of March 31, 2025.
            (3) Funding.--There are appropriated, out of any monies in the
        Treasury not otherwise appropriated--
                (A) $100,000,000 for fiscal year 2026 for purposes of
            awarding grants under paragraph (1)(A), to remain available
            until expended; and
                (B) $100,000,000 for fiscal year 2026 for purposes of award
            grants under paragraph (1)(B), to remain available until
            expended.
            (4) Definition.--In this subsection, the term ``State'' means 1
        of the 50 States and the District of Columbia.
        (f) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $200,000,000 for fiscal year 2026, to remain
    available until expended.
    SEC. 71120. MODIFYING COST SHARING REQUIREMENTS FOR CERTAIN EXPANSION
    INDIVIDUALS UNDER THE MEDICAID PROGRAM.
        (a) In General.--Section 1916 of the Social Security Act (42 U.S.C.
    1396o) is amended--
            (1) in subsection (a), in the matter preceding paragraph (1),
        by inserting ``(other than, beginning October 1, 2028, specified
        individuals (as defined in subsection (k)(3)))'' after
        ``individuals''; and
            (2) by adding at the end the following new subsection:
        ``(k) Special Rules for Certain Expansion Individuals.--
            ``(1) Premiums.--Beginning October 1, 2028, the State plan
        shall provide that in the case of a specified individual (as
        defined in paragraph (3)) who is eligible under the plan, no
        enrollment fee, premium, or similar charge will be imposed under
        the plan.
            ``(2) Required imposition of cost sharing.--
                ``(A) In general.--Subject to subparagraph (B) and
            subsection (j), in the case of a specified individual, the
            State plan shall, beginning October 1, 2028, provide for the
            imposition of such deductions, cost sharing, or similar charges
            determined appropriate by the State (in an amount greater than
            $0) with respect to certain care, items, or services furnished
            to such an individual, as determined by the State.
                ``(B) Limitations.--
                    ``(i) Exclusion of certain services.--In no case may a
                deduction, cost sharing, or similar charge be imposed under
                the State plan with respect to care, items, or services
                described in any of subparagraphs (B) through (J) of
                subsection (a)(2), or any primary care services, mental
                health care services, substance use disorder services, or
                services provided by a Federally qualified health center
                (as defined in 1905(l)(2)), certified community behavioral
                health clinic (as defined in section 1905(jj)(2)), or rural
                health clinic (as defined in 1905(l)(1)), furnished to a
                specified individual.
                    ``(ii) Item and service limitation.--

                        ``(I) In general.--Except as provided in subclause
                    (II), in no case may a deduction, cost sharing, or
                    similar charge imposed under the State plan with
                    respect to care or an item or service furnished to a
                    specified individual exceed $35.
                        ``(II) Special rules for prescription drugs.--In no
                    case may a deduction, cost sharing, or similar charge
                    imposed under the State plan with respect to a
                    prescription drug furnished to a specified individual
                    exceed the limit that would be applicable under
                    paragraph (2)(A)(i) or (2)(B) of section 1916A(c) with
                    respect to such drug and individual if such drug so
                    furnished were subject to cost sharing under such
                    section.

                    ``(iii) Maximum limit on cost sharing.--The total
                aggregate amount of deductions, cost sharing, or similar
                charges imposed under the State plan for all individuals in
                the family may not exceed 5 percent of the family income of
                the family involved, as applied on a quarterly or monthly
                basis (as specified by the State).
                ``(C) Cases of nonpayment.--Notwithstanding subsection (e),
            a State may permit a provider participating under the State
            plan to require, as a condition for the provision of care,
            items, or services to a specified individual entitled to
            medical assistance under this title for such care, items, or
            services, the payment of any deductions, cost sharing, or
            similar charges authorized to be imposed with respect to such
            care, items, or services. Nothing in this subparagraph shall be
            construed as preventing a provider from reducing or waiving the
            application of such deductions, cost sharing, or similar
            charges on a case-by-case basis.
            ``(3) Specified individual defined.--For purposes of this
        subsection, the term `specified individual' means an individual who
        has a family income (as determined in accordance with section
        1902(e)(14)) that exceeds the poverty line (as defined in section
        2110(c)(5)) applicable to a family of the size involved and--
                ``(A) is enrolled under section 1902(a)(10)(A)(i)(VIII); or
                ``(B) is described in such subsection and otherwise
            enrolled under a waiver of the State plan that provides
            coverage that is equivalent to minimum essential coverage (as
            described in section 5000A(f)(1)(A) of the Internal Revenue
            Code of 1986 and determined in accordance with standards
            prescribed by the Secretary in regulations) to all individuals
            described in section 1902(a)(10)(A)(i)(VIII).
            ``(4) State defined.--For purposes of this subsection, the term
        `State' means 1 of the 50 States or the District of Columbia.''.
        (b) Conforming Amendments.--
            (1) Required application.--Section 1902(a)(14) of the Social
        Security Act (42 U.S.C. 1396a(a)(14)) is amended by inserting ``and
        provide for imposition of such deductions, cost sharing, or similar
        charges for care, items, or services furnished to specified
        individuals (as defined in paragraph (3) of section 1916(k)) in
        accordance with paragraph (2) of such section'' after ``section
        1916''.
            (2) Nonapplicability of alternative cost sharing.--Section
        1916A(a)(1) of the Social Security Act (42 U.S.C. 1396o-1(a)(1)) is
        amended, in the second sentence, by striking ``or (j)'' and
        inserting ``(j), or (k)''.
        (c) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $15,000,000 for fiscal year 2026, to remain
    available until expended.

                     Subchapter E--Expanding Access to Care

    SEC. 71121. MAKING CERTAIN ADJUSTMENTS TO COVERAGE OF HOME OR
    COMMUNITY-BASED SERVICES UNDER MEDICAID.
        (a) Expanding HCBS Coverage Under Section 1915(c) Waivers.--Section
    1915(c) of the Social Security Act (42 U.S.C. 1396n(c)) is amended--
            (1) in paragraph (3), by inserting ``paragraph (11) or'' before
        ``subsection (h)(2)''; and
            (2) by adding at the end the following new paragraph:
        ``(11) Expanding Coverage for Home or Community-based Services.--
            ``(A) In general.--Beginning July 1, 2028, notwithstanding
        paragraph (1), the Secretary may approve a waiver that is
        standalone from any other waiver approved under this subsection to
        include as medical assistance under the State plan of such State
        payment for part or all of the cost of home or community-based
        services (other than room and board (as described in paragraph
        (1))) approved by the Secretary which are provided pursuant to a
        written plan of care to individuals described in subparagraph
        (B)(iii). A waiver approved under this paragraph shall be for an
        initial term of 3 years and, upon the request of the State, shall
        be extended for additional 5-year periods unless the Secretary
        determines that for the previous waiver period the requirements
        specified under this subsection (excluding those excepted under
        subparagraph (B)) have not been met.
            ``(B) State requirements.--In addition to the requirements
        specified under this subsection (except for the requirements
        described in subparagraphs (C) and (D) of paragraph (2) and any
        other requirement specified under this subsection that the
        Secretary determines to be inapplicable in the context of a waiver
        that does not require individuals to have a determination described
        in paragraph (1)), a State shall meet the following requirements as
        a condition of waiver approval:
                ``(i) As of the date that such State requests a waiver
            under this subsection to provide home or community-based
            services to individuals described in clause (iii), all other
            waivers (if any) granted under this subsection to such State
            meet the requirements of this subsection.
                ``(ii) The State demonstrates to the Secretary that
            approval of a waiver under this subsection with respect to
            individuals described in clause (iii) will not result in a
            material increase of the average amount of time that
            individuals with respect to whom a determination described in
            paragraph (1) has been made will need to wait to receive home
            or community-based services under any other waiver granted
            under this subsection, as determined by the Secretary.
                ``(iii) The State establishes needs-based criteria, subject
            to the approval of the Secretary, regarding who will be
            eligible for home or community-based services under a waiver
            approved under this paragraph without requiring such
            individuals to have a determination described in paragraph (1),
            and specifies the home or community-based services such
            individuals so eligible will receive.
                ``(iv) The State establishes needs-based criteria for
            determining whether an individual described in clause (iii)
            requires the level of care provided in a hospital, nursing
            facility, or an intermediate care facility for individuals with
            developmental disabilities under the State plan or under any
            waiver of such plan that are more stringent than the needs-
            based criteria established under clause (iii) for determining
            eligibility for home or community-based services.
                ``(v) The State attests that the State's average per capita
            expenditure for medical assistance under the State plan (or
            waiver of such plan) provided with respect to such individuals
            enrolled in a waiver under this paragraph will not exceed the
            State's average per capita expenditure for medical assistance
            for individuals receiving institutional care under the State
            plan (or waiver of such plan) for the duration that the waiver
            under this paragraph is in effect.
                ``(vi) The State provides to the Secretary data (in such
            form and manner as the Secretary may specify) regarding the
            number of individuals described in clause (iii) with respect to
            a State seeking approval of a waiver under this subsection, to
            whom the State will make such services available under such
            waiver.
                ``(vii) The State agrees to provide to the Secretary, not
            less frequently than annually, data for purposes of paragraph
            (2)(E) (in such form and manner as the Secretary may specify)
            regarding, with respect to each preceding year in which a
            waiver under this subsection to provide home or community-based
            services to individuals described in clause (iii) was in
            effect--
                    ``(I) the cost (as such term is defined by the
                Secretary) of such services furnished to individuals
                described in clause (iii), broken down by type of service;
                    ``(II) with respect to each type of home or community-
                based service provided under the waiver, the length of time
                that such individuals have received such service;
                    ``(III) a comparison between the data described in
                subclause (I) and any comparable data available with
                respect to individuals with respect to whom a determination
                described in paragraph (1) has been made and with respect
                to individuals receiving institutional care under this
                title; and
                    ``(IV) the number of individuals who have received home
                or community-based services under the waiver during the
                preceding year.
            ``(C) Limitation on payments.--No payments made to carry out
        this paragraph shall be used by a State to make payments to a third
        party on behalf of an individual practitioner for benefits such as
        health insurance, skills training, and other benefits customary for
        employees, in the case of a class of practitioners for which the
        program established under this title is the primary source of
        revenue.''.
        (b) Implementation Funding.--
            (1) In general.--There are appropriated, out of any monies in
        the Treasury not otherwise appropriated, to the Administrator of
        the Centers for Medicare & Medicaid Services--
                (A) for fiscal year 2026, $50,000,000 for purposes of
            carrying out the provisions of, and the amendments made by,
            this section, to remain available until expended; and
                (B) for fiscal year 2027, $100,000,000 for purposes of
            making payments to States, subject to paragraph (2), to support
            State systems to deliver home or community-based services under
            section 1915(c) of the Social Security Act (42 U.S.C. 1396n(c))
            (as amended by this section) or under section 1115 of such Act
            (42 U.S.C. 1315), to remain available until expended.
            (2) Payments based on state hcbs eligible population.--Payments
        to States from amounts made available by paragraph (1)(B) shall be
        made, with respect to a State, on the basis of the proportion of
        the population of the State that is receiving home or community-
        based services under section1915(c) of the Social Security Act (42
        U.S.C. 1396n(c)) (as amended by this section) or under section 1115
        of such Act (42 U.S.C. 1315), as compared to all States.

                              CHAPTER 2--MEDICARE

              Subchapter A--Strengthening Eligibility Requirements

    SEC. 71201. LIMITING MEDICARE COVERAGE OF CERTAIN INDIVIDUALS.
        Title XVIII of the Social Security Act (42 U.S.C. 1395 et seq.) is
    amended by adding at the end the following new section:
    ``SEC. 1899C. LIMITING MEDICARE COVERAGE OF CERTAIN INDIVIDUALS.
        ``(a) In General.--Subject to subsection (b), an individual may be
    entitled to, or enrolled for, benefits under this title only if the
    individual is--
            ``(1) a citizen or national of the United States;
            ``(2) an alien who is lawfully admitted for permanent residence
        under the Immigration and Nationality Act;
            ``(3) an alien who has been granted the status of Cuban and
        Haitian entrant, as defined in section 501(e) of the Refugee
        Education Assistance Act of 1980 (Public Law 96-422); or
            ``(4) an individual who lawfully resides in the United States
        in accordance with a Compact of Free Association referred to in
        section 402(b)(2)(G) of the Personal Responsibility and Work
        Opportunity Reconciliation Act of 1996.
        ``(b) Application to Individuals Currently Entitled to or Enrolled
    for Benefits.--
            ``(1) In general.--In the case of an individual who is entitled
        to, or enrolled for, benefits under this title as of the date of
        the enactment of this section, subsection (a) shall apply beginning
        on the date that is 18 months after such date of enactment.
            ``(2) Review by commissioner of social security.--
                ``(A) In general.--Not later than 1 year after the date of
            the enactment of this section, the Commissioner of Social
            Security shall complete a review of individuals entitled to, or
            enrolled for, benefits under this title as of such date of
            enactment for purposes of identifying individuals not described
            in any of paragraphs (1) through (4) of subsection (a).
                ``(B) Notice.--The Commissioner of Social Security shall
            notify each individual identified under the review conducted
            under subparagraph (A) that such individual's entitlement to,
            or enrollment for, benefits under this title will be terminated
            as of the date that is 18 months after the date of the
            enactment of this section. Such notification shall be made as
            soon as practicable after such identification and in a manner
            designed to ensure such individual's comprehension of such
            notification.''.

                  Subchapter B--Improving Services for Seniors

    SEC. 71202. TEMPORARY PAYMENT INCREASE UNDER THE MEDICARE PHYSICIAN FEE
    SCHEDULE TO ACCOUNT FOR EXCEPTIONAL CIRCUMSTANCES.
        (a) In General.--Section 1848(t) of the Social Security Act (42
    U.S.C. 1395w-4(t)) is amended--
            (1) in the subsection heading, by striking ``During 2021
        Through 2024'';
            (2) in paragraph (1)--
                (A) in the matter preceding subparagraph (A), by striking
            ``and 2024'' and inserting ``2024, and 2026'';
                (B) in subparagraph (D), by striking ``and'' at the end;
                (C) in subparagraph (E), by striking the period at the end
            and inserting ``; and''; and
                (D) by adding at the end the following new subparagraph:
                ``(F) such services furnished on or after January 1, 2026,
            and before January 1, 2027, by 2.5 percent.''; and
            (3) in paragraph (2)(C)--
                (A) in the subparagraph heading, by inserting ``and 2026''
            after ``2024''; and
                (B) by striking ``or 2024'' each place it appears and
            inserting ``2024, or 2026''.
        (b) Conforming Amendment.--Section 1848(c)(2)(B)(iv)(V) of the
    Social Security Act (42 U.S.C. 1395w-4(c)(2)(B)(iv)(V)) is amended by
    striking ``or 2024'' and inserting ``2024, or 2026''.
    SEC. 71203. EXPANDING AND CLARIFYING THE EXCLUSION FOR ORPHAN DRUGS
    UNDER THE DRUG PRICE NEGOTIATION PROGRAM.
        (a) In General.--Section 1192(e) of the Social Security Act (42
    U.S.C. 1320f-1(e)) is amended--
            (1) in paragraph (1), in the matter preceding subparagraph (A),
        by striking ``and (3)'' and inserting ``through (4)'';
            (2) in paragraph (3)(A)--
                (A) by striking ``only one rare disease or condition'' and
            inserting ``one or more rare diseases or conditions''; and
                (B) by striking ``such disease or condition'' and inserting
            ``one or more such rare diseases or conditions (as such term is
            defined in section 526(a)(2) of the Federal Food, Drug, and
            Cosmetic Act)''; and
            (3) by adding at the end the following new paragraph:
            ``(4) Treatment of former orphan drugs.--In the case of a drug
        or biological product that, as of the date of the approval or
        licensure of such drug or biological product, is a drug or
        biological product described in paragraph (3)(A), paragraph
        (1)(A)(ii) or (1)(B)(ii) (as applicable) shall apply as if the
        reference to `the date of such approval' or `the date of such
        licensure', respectively, were instead a reference to `the first
        day after the date of such approval for which such drug is not a
        drug described in paragraph (3)(A)' or `the first day after the
        date of such licensure for which such biological product is not a
        biological product described in paragraph (3)(A)', respectively.''.
        (b) Application.--The amendments made by subsection (a) shall apply
    with respect to initial price applicability years (as defined in
    section 1191(b) of the Social Security Act (42 U.S.C. 1320f(b)))
    beginning on or after January 1, 2028.

                             CHAPTER 3--HEALTH TAX

                  Subchapter A--Improving Eligibility Criteria

    SEC. 71301. PERMITTING PREMIUM TAX CREDIT ONLY FOR CERTAIN INDIVIDUALS.
        (a) In General.--Section 36B(e)(1) is amended by inserting ``or, in
    the case of aliens who are lawfully present, are not eligible aliens''
    after ``individuals who are not lawfully present''.
        (b) Eligible Aliens.--Section 36B(e)(2) is amended--
            (1) by striking ``For purposes of this section, an individual''
        and inserting ``For purposes of this section--
                ``(A) In general.--An individual'', and
            (2) by adding at the end the following new subparagraph:
                ``(B) Eligible aliens.--An individual who is an alien and
            lawfully present shall be treated as an eligible alien if such
            individual is, and is reasonably expected to be for the entire
            period of enrollment for which the credit under this section is
            being claimed--
                    ``(i) an alien who is lawfully admitted for permanent
                residence under the Immigration and Nationality Act (8
                U.S.C. 1101 et seq.),
                    ``(ii) an alien who has been granted the status of
                Cuban and Haitian entrant, as defined in section 501(e) of
                the Refugee Education Assistance Act of 1980 (Public Law
                96-422); or
                    ``(iii) an individual who lawfully resides in the
                United States in accordance with a Compact of Free
                Association referred to in section 402(b)(2)(G) of the
                Personal Responsibility and Work Opportunity Reconciliation
                Act of 1996 (8 U.S.C. 1612(b)(2)(G)).''.
        (c) Conforming Amendments.--
            (1) Verification of information.--Section 1411 of the Patient
        Protection and Affordable Care Act (42 U.S.C. 18081) is amended--
                (A) in subsection (a)--
                    (i) in paragraph (1), by striking ``and section 36B(e)
                of the Internal Revenue Code of 1986''; and
                    (ii) in paragraph (2)--

                        (I) in subparagraph (A), by striking ``and'' at the
                    end;
                        (II) in subparagraph (B), by adding ``and'' at the
                    end; and
                        (III) by adding at the end the following new
                    subparagraph:

                ``(C) in the case such individual is an alien lawfully
            present in the United States, whether such individual is an
            eligible alien (within the meaning of section 36B(e)(2) of such
            Code);'';
                (B) in subsection (b)(3), by adding at the end the
            following new subparagraph:
                ``(D) Immigration status.--In the case the individual's
            eligibility is based on an attestation of the enrollee's
            immigration status, an attestation that such individual is an
            eligible alien (within the meaning of 36B(e)(2) of the Internal
            Revenue Code of 1986).''; and
                (C) in subsection (c)(2)(B)(ii), by adding at the end the
            following new subclause:

                        ``(III) In the case of an individual described in
                    clause (i)(I) with respect to whom a premium tax credit
                    under section 36B of the Internal Revenue Code of 1986
                    is being claimed, the attestation that the individual
                    is an eligible alien (within the meaning of section
                    36B(e)(2) of such Code).''.

            (2) Advance determinations.--Section 1412(d) of the Patient
        Protection and Affordable Care Act (42 U.S.C. 18082(d)) is amended
        by inserting before the period at the end the following: ``, or
        credits under section 36B of the Internal Revenue Code of 1986 for
        aliens who are not eligible aliens (within the meaning of section
        36B(e)(2) of such Code)''.
            (3) Effective date.--The amendments made by this subsection
        shall apply with respect to plan years beginning on or after
        January 1, 2027.
        (d) Requirement to Maintain Minimum Essential Coverage.--Section
    5000A(d)(3) is amended by striking ``an alien lawfully present in the
    United States'' and inserting ``an eligible alien (within the meaning
    of section 36B(e)(2))''.
        (e) Effective Date.--The amendments made by this section (other
    than the amendments made by subsection (c)) shall apply to taxable
    years beginning after December 31, 2026.
    SEC. 71302. DISALLOWING PREMIUM TAX CREDIT DURING PERIODS OF MEDICAID
    INELIGIBILITY DUE TO ALIEN STATUS.
        (a) In General.--Section 36B(c)(1) is amended by striking
    subparagraph (B).
        (b) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.

                Subchapter B--Preventing Waste, Fraud, and Abuse

    SEC. 71303. REQUIRING VERIFICATION OF ELIGIBILITY FOR PREMIUM TAX
    CREDIT.
        (a) In General.--Section 36B(c) is amended by adding at the end the
    following new paragraphs:
            ``(5) Exchange enrollment verification requirement.--
                ``(A) In general.--The term `coverage month' shall not
            include, with respect to any individual covered by a qualified
            health plan enrolled in through an Exchange, any month
            beginning before the Exchange verifies, using applicable
            enrollment information that shall be provided or verified by
            the applicant, such individual's eligibility--
                    ``(i) to enroll in the plan through the Exchange, and
                    ``(ii) for any advance payment under section 1412 of
                the Patient Protection and Affordable Care Act of the
                credit allowed under this section.
                ``(B) Applicable enrollment information.--For purposes of
            subparagraph (A), applicable enrollment information shall
            include affirmation of at least the following information (to
            the extent relevant in determining eligibility described in
            subparagraph (A)):
                    ``(i) Household income and family size.
                    ``(ii) Whether the individual is an eligible alien.
                    ``(iii) Any health coverage status or eligibility for
                coverage.
                    ``(iv) Place of residence.
                    ``(v) Such other information as may be determined by
                the Secretary (in consultation with the Secretary of Health
                and Human Services) as necessary to the verification
                prescribed under subparagraph (A).
                ``(C) Verification of past months.--In the case of a month
            that begins before verification prescribed by subparagraph (A),
            such month shall be treated as a coverage month if the Exchange
            verifies for such month (using applicable enrollment
            information that shall be provided or verified by the
            applicant) such individual's eligibility to have so enrolled
            and for any such advance payment.
                ``(D) Exchange participation; coordination with other
            procedures for determining eligibility.--An individual shall
            not, solely by reason of failing to meet the requirements of
            this paragraph with respect to a month, be treated for such
            month as ineligible to enroll in a qualified health plan
            through an Exchange.
                ``(E) Waiver for certain special enrollment periods.--The
            Secretary may waive the application of subparagraph (A) in the
            case of an individual who enrolls in a qualified health plan
            through an Exchange for 1 or more months of the taxable year
            during a special enrollment period provided by the Exchange on
            the basis of a change in the family size of the individual.
                ``(F) Information and reliance on third-party sources.--An
            Exchange shall be permitted to use any data available to the
            Exchange and any reliable third-party sources in collecting
            information for verification by the applicant.
            ``(6) Exchange compliance with filing requirements.--The term
        `coverage month' shall not include, with respect to any individual
        covered by a qualified health plan enrolled in through an Exchange,
        any month for which the Exchange does not meet the requirements of
        section 155.305(f)(4)(iii) of title 45, Code of Federal Regulations
        (as published in the Federal Register on June 25, 2025 (90 Fed.
        Reg. 27074), applied as though it applied to all plan years after
        2025), with respect to the individual.''.
        (b) Pre-enrollment Verification Process Required.--Section
    36B(c)(3)(A) is amended--
            (1) by striking ``health plan.--The term'' and inserting
        ``health plan.-- ``
                    ``(i) In general.--The term'', and
            (2) by adding at the end the following new clause:
                    ``(ii) Pre-enrollment verification process required.--
                Such term shall not include any plan enrolled in through an
                Exchange, unless such Exchange provides a process for pre-
                enrollment verification through which any applicant may,
                beginning not later than August 1, verify with the Exchange
                the applicant's household income and eligibility for
                enrollment in such plan for plan years beginning in the
                subsequent year.''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2027.
    SEC. 71304. DISALLOWING PREMIUM TAX CREDIT IN CASE OF CERTAIN COVERAGE
    ENROLLED IN DURING SPECIAL ENROLLMENT PERIOD.
        (a) In General.--Section 36B(c)(3)(A), as amended by the preceding
    provisions of this Act, is amended by adding at the end the following
    new clause:
                    ``(iii) Exception in case of certain special enrollment
                periods.--Such term shall not include any plan enrolled in
                during a special enrollment period provided for by an
                Exchange--

                        ``(I) on the basis of the relationship of the
                    individual's expected household income to such a
                    percentage of the poverty line (or such other amount)
                    as is prescribed by the Secretary of Health and Human
                    Services for purposes of such period, and
                        ``(II) not in connection with the occurrence of an
                    event or change in circumstances specified by the
                    Secretary of Health and Human Services for such
                    purposes.''.

        (b) Effective Date.--The amendments made by this section shall
    apply with respect to plan years beginning after December 31, 2025.
    SEC. 71305. ELIMINATING LIMITATION ON RECAPTURE OF ADVANCE PAYMENT OF
    PREMIUM TAX CREDIT.
        (a) In General.--Section 36B(f)(2) is amended by striking
    subparagraph (B).
        (b) Conforming Amendments.--
            (1) Section 36B(f)(2) is amended by striking ``advance
        payments.--'' and all that follows through ``If the advance
        payments'' and inserting the following: ``advance payments.--If the
        advance payments''.
            (2) Section 35(g)(12)(B)(ii) is amended by striking ``then
        section 36B(f)(2)(B) shall be applied by substituting the amount
        determined under clause (i) for the amount determined under section
        36B(f)(2)(A)'' and inserting ``then the amount determined under
        clause (i) shall be substituted for the amount determined under
        section 36B(f)(2)''.
        (c) Effective Date.--The amendments made by this section shall
    apply to taxable years beginning after December 31, 2025.

                  Subchapter C--Enhancing Choice for Patients

    SEC. 71306. PERMANENT EXTENSION OF SAFE HARBOR FOR ABSENCE OF
    DEDUCTIBLE FOR TELEHEALTH SERVICES.
        (a) In General.--Subparagraph (E) of section 223(c)(2) is amended
    to read as follows:
                ``(E) Safe harbor for absence of deductible for
            telehealth.--A plan shall not fail to be treated as a high
            deductible health plan by reason of failing to have a
            deductible for telehealth and other remote care services.''.
        (b) Certain Coverage Disregarded.--Clause (ii) of section
    223(c)(1)(B) is amended by striking ``(in the case of months or plan
    years to which paragraph (2)(E) applies)''.
        (c) Effective Date.--The amendments made by this section shall
    apply to plan years beginning after December 31, 2024.
    SEC. 71307. ALLOWANCE OF BRONZE AND CATASTROPHIC PLANS IN CONNECTION
    WITH HEALTH SAVINGS ACCOUNTS.
        (a) In General.--Section 223(c)(2) is amended by adding at the end
    the following new subparagraph:
                ``(H) Bronze and catastrophic plans treated as high
            deductible health plans.--The term `high deductible health
            plan' shall include any plan which is--
                    ``(i) available as individual coverage through an
                Exchange established under section 1311 or 1321 of the
                Patient Protection and Affordable Care Act, and
                    ``(ii) described in subsection (d)(1)(A) or (e) of
                section 1302 of such Act.''.
        (b) Effective Date.--The amendment made by this section shall apply
    to months beginning after December 31, 2025.
    SEC. 71308. TREATMENT OF DIRECT PRIMARY CARE SERVICE ARRANGEMENTS.
        (a) In General.--Section 223(c)(1) is amended by adding at the end
    the following new subparagraph:
                ``(E) Treatment of direct primary care service
            arrangements.--
                    ``(i) In general.--A direct primary care service
                arrangement shall not be treated as a health plan for
                purposes of subparagraph (A)(ii).
                    ``(ii) Direct primary care service arrangement.--For
                purposes of this subparagraph--

                        ``(I) In general.--The term `direct primary care
                    service arrangement' means, with respect to any
                    individual, an arrangement under which such individual
                    is provided medical care (as defined in section 213(d))
                    consisting solely of primary care services provided by
                    primary care practitioners (as defined in section
                    1833(x)(2)(A) of the Social Security Act, determined
                    without regard to clause (ii) thereof), if the sole
                    compensation for such care is a fixed periodic fee.
                        ``(II) Limitation.--With respect to any individual
                    for any month, such term shall not include any
                    arrangement if the aggregate fees for all direct
                    primary care service arrangements (determined without
                    regard to this subclause) with respect to such
                    individual for such month exceed $150 (twice such
                    dollar amount in the case of an individual with any
                    direct primary care service arrangement (as so
                    determined) that covers more than one individual).

                    ``(iii) Certain services specifically excluded from
                treatment as primary care services.--For purposes of this
                subparagraph, the term `primary care services' shall not
                include--

                        ``(I) procedures that require the use of general
                    anesthesia,
                        ``(II) prescription drugs (other than vaccines),
                    and
                        ``(III) laboratory services not typically
                    administered in an ambulatory primary care setting.

                The Secretary, after consultation with the Secretary of
                Health and Human Services, shall issue regulations or other
                guidance regarding the application of this clause.''.
        (b) Direct Primary Care Service Arrangement Fees Treated as Medical
    Expenses.--Section 223(d)(2)(C) is amended by striking ``or'' at the
    end of clause (iii), by striking the period at the end of clause (iv)
    and inserting ``, or'', and by adding at the end the following new
    clause:
                    ``(v) any direct primary care service arrangement.''.
        (c) Inflation Adjustment.--Section 223(g)(1) is amended--
            (1) by striking ``in subsections (b)(2) and (c)(2)(A)'' and
        inserting ``in subsections (b)(2), (c)(2)(A), and in the case of
        taxable years beginning after 2026, (c)(1)(E)(ii)(II)'',
            (2) in subparagraph (B), by striking ``clause (ii)'' in clause
        (i) and inserting ``clauses (ii) and (iii)'', by striking ``and''
        at the end of clause (i), by striking the period at the end of
        clause (ii) and inserting ``, and'', and by inserting after clause
        (ii) the following new clause:
                    ``(iii) in the case of the dollar amount in subsection
                (c)(1)(E)(ii)(II), `calendar year 2025'.'', and
            (3) by inserting ``, (c)(1)(E)(ii)(II),'' after ``(b)(2)'' in
        the last sentence.
        (d) Effective Date.--The amendments made by this section shall
    apply to months beginning after December 31, 2025.

              CHAPTER 4--PROTECTING RURAL HOSPITALS AND PROVIDERS

    SEC. 71401. RURAL HEALTH TRANSFORMATION PROGRAM.
        (a) In General.--Section 2105 of the Social Security Act (42 U.S.C.
    1397ee) is amended by adding at the end the following new subsection:
        ``(h) Rural Health Transformation Program.--
            ``(1) Appropriation.--
                ``(A) In general.--There are appropriated, out of any money
            in the Treasury not otherwise appropriated, to the
            Administrator of the Centers for Medicare & Medicaid Services
            (in this subsection referred to as the `Administrator'), to
            provide allotments to States for purposes of carrying out the
            activities described in paragraph (6)--
                    ``(i) $10,000,000,000 for fiscal year 2026;
                    ``(ii) $10,000,000,000 for fiscal year 2027;
                    ``(iii) $10,000,000,000 for fiscal year 2028;
                    ``(iv) $10,000,000,000 for fiscal year 2029; and
                    ``(v) $10,000,000,000 for fiscal year 2030.
                ``(B) Unexpended or unobligated funds.--
                    ``(i) In general.--Any amounts appropriated under
                subparagraph (A) that are unexpended or unobligated as of
                October 1, 2032, shall be returned to the Treasury of the
                United States.
                    ``(ii) Redistribution of unexpended or unobligated
                funds.--In carrying out subparagraph (A), the Administrator
                shall, not later than March 31, 2028, and annually
                thereafter through March 31, 2032, determine the amount of
                funds, if any, that are available under such subparagraph
                for a previous fiscal year, are unexpended or unobligated
                with respect to such fiscal year, and will not be available
                to a State in the current fiscal year, pursuant to clause
                (iii).
                    ``(iii) Availability of funds.--

                        ``(I) In general.--Amounts allotted to a State
                    under this subsection for a year shall be available for
                    expenditure by the State through the end of the fiscal
                    year following the fiscal year in which such amounts
                    are allotted.
                        ``(II) Availability of amounts redistributed.--
                    Amounts redistributed to a State under clause (ii) with
                    respect to a fiscal year shall be available for
                    expenditure by the State through the end of the fiscal
                    year following the fiscal year in which such amounts
                    are redistributed (except in the case of amounts
                    redistributed in fiscal year 2032 which shall only be
                    available for expenditure through September 30, 2032).

                    ``(iv) Misuse of funds.--If the Administrator
                determines that a State is not using amounts allotted or
                redistributed to the State under this subsection in a
                manner consistent with the description provided by the
                State in its application approved under paragraph (2), the
                Administrator may withhold payments to, or reduce payments
                to, or recover previous payments from, the State under this
                subsection as the Administrator deems appropriate, and any
                amounts so withheld, or that remain after any such
                reduction, or so recovered, shall be returned to the
                Treasury of the United States.
            ``(2) Application.--
                ``(A) In general.--To be eligible for an allotment under
            this subsection, a State shall submit to the Administrator
            during an application submission period to be specified by the
            Administrator (but that ends not later than December 31, 2025)
            an application in such form and manner as the Administrator may
            specify, that includes--
                    ``(i) a detailed rural health transformation plan--

                        ``(I) to improve access to hospitals, other health
                    care providers, and health care items and services
                    furnished to rural residents of the State;
                        ``(II) to improve health care outcomes of rural
                    residents of the State;
                        ``(III) to prioritize the use of new and emerging
                    technologies that emphasize prevention and chronic
                    disease management;
                        ``(IV) to initiate, foster, and strengthen local
                    and regional strategic partnerships between rural
                    hospitals and other health care providers in order to
                    promote measurable quality improvement, increase
                    financial stability, maximize economies of scale, and
                    share best practices in care delivery;
                        ``(V) to enhance economic opportunity for, and the
                    supply of, health care clinicians through enhanced
                    recruitment and training;
                        ``(VI) to prioritize data and technology driven
                    solutions that help rural hospitals and other rural
                    health care providers furnish high-quality health care
                    services as close to a patient's home as is possible;
                        ``(VII) that outlines strategies to manage long-
                    term financial solvency and operating models of rural
                    hospitals in the State; and
                        ``(VIII) that identifies specific causes driving
                    the accelerating rate of stand-alone rural hospitals
                    becoming at risk of closure, conversion, or service
                    reduction;

                    ``(ii) a certification that none of the amounts
                provided under this subsection shall be used by the State
                for an expenditure that is attributable to an
                intergovernmental transfer, certified public expenditure,
                or any other expenditure to finance the non-Federal share
                of expenditures required under any provision of law,
                including under the State plan established under this
                title, the State plan established under title XIX, or under
                a waiver of such plans; and
                    ``(iii) such other information as the Administrator may
                require.
                ``(B) Deadline for approval.--Not later than December 31,
            2025, the Administrator shall approve or deny all applications
            submitted for an allotment under this subsection.
                ``(C) One-time application.--If an application of a State
            for an allotment under this subsection is approved by the
            Administrator, the State shall be eligible for an allotment
            under this subsection for each of fiscal years 2026 through
            2030, except as provided in paragraph (1)(B)(iv).
                ``(D) Eligibility.--Only the 50 States shall be eligible
            for an allotment under this subsection and all references in
            this subsection to a State shall be treated as only referring
            to the 50 States.
            ``(3) Allotments.--
                ``(A) In general.--For each of fiscal years 2026 through
            2030, the Administrator shall determine under subparagraph (B)
            the amount of the allotment for such fiscal year for each State
            with an approved application under this subsection.
                ``(B) Amount determined.--Subject to subparagraph (C), from
            the amounts appropriated under paragraph (1)(A) for each of
            fiscal years 2026 through 2030, the Administrator shall allot--
                    ``(i) 50 percent of the amounts appropriated for each
                such fiscal year equally among all States with an approved
                application under this subsection; and
                    ``(ii) 50 percent of the amounts appropriated for each
                such fiscal year among all such States in an amount to be
                determined by the Administrator in accordance with
                subparagraph (C).
                ``(C) Requirements.--In determining the amount to be
            allotted to a State under clause (ii) of subparagraph (B) for a
            fiscal year, the Administrator shall--
                    ``(i) ensure that not less than \1/4\ of the States
                with an approved application under this subsection for a
                fiscal year are allotted funds from amounts that are to be
                allotted under clause (ii) of such subparagraph; and
                    ``(ii) consider--

                        ``(I) the percentage of the State population that
                    is located in a rural census tract of a metropolitan
                    statistical area (as determined under the most recent
                    modification of the Goldsmith Modification, originally
                    published in the Federal Register on February 27, 1992
                    (57 Fed. Reg. 6725));
                        ``(II) the proportion of rural health facilities
                    (as defined in subparagraph (D)) in the State relative
                    to the number of rural health facilities nationwide;
                        ``(III) the situation of hospitals in the State, as
                    described in section 1902(a)(13)(A)(iv); and
                        ``(IV) any other factors that the Administrator
                    determines appropriate.

                ``(D) Rural health facility defined.--For the purposes of
            subparagraph (C)(ii), the term `rural health facility' means
            the following:
                    ``(i) A subsection (d) hospital (as defined in
                paragraph (1)(B) of section 1886(d)) that--

                        ``(I) is located in a rural area (as defined in
                    paragraph (2)(D) of such section);
                        ``(II) is treated as being located in a rural area
                    pursuant to paragraph (8)(E) of such section; or
                        ``(III) is located in a rural census tract of a
                    metropolitan statistical area (as determined under the
                    most recent modification of the Goldsmith Modification,
                    originally published in the Federal Register on
                    February 27, 1992 (57 Fed. Reg. 6725)).

                    ``(ii) A critical access hospital (as defined in
                section 1861(mm)(1)).
                    ``(iii) A sole community hospital (as defined in
                section 1886(d)(5)(D)(iii)).
                    ``(iv) A Medicare-dependent, small rural hospital (as
                defined in section 1886(d)(5)(G)(iv)).
                    ``(v) A low-volume hospital (as defined in section
                1886(d)(12)(C)).
                    ``(vi) A rural emergency hospital (as defined in
                section 1861(kkk)(2)).
                    ``(vii) A rural health clinic (as defined in section
                1861(aa)(2)).
                    ``(viii) A Federally qualified health center (as
                defined in section 1861(aa)(4)).
                    ``(ix) A community mental health center (as defined in
                section 1861(ff)(3)(B)).
                    ``(x) A health center that is receiving a grant under
                section 330 of the Public Health Service Act.
                    ``(xi) An opioid treatment program (as defined in
                section 1861(jjj)(2)) that is located in a rural census
                tract of a metropolitan statistical area (as determined
                under the most recent modification of the Goldsmith
                Modification, originally published in the Federal Register
                on February 27, 1992 (57 Fed. Reg. 6725)).
                    ``(xii) A certified community behavioral health clinic
                (as defined in section 1905(jj)(2)) that is located in a
                rural census tract of a metropolitan statistical area (as
                determined under the most recent modification of the
                Goldsmith Modification, originally published in the Federal
                Register on February 27, 1992 (57 Fed. Reg. 6725)).
            ``(4) No matching payment.--A State approved for an allotment
        under this subsection for a fiscal year shall not be required to
        provide any matching funds as a condition for receiving payments
        from the allotment.
            ``(5) Terms and conditions.--The Administrator shall specify
        such terms and conditions for allotments to States provided under
        this subsection as the Administrator deems appropriate, including
        the following:
                ``(A) Each State shall submit to the Administrator (at a
            time, and in a form and manner, specified by the
            Administrator)--
                    ``(i) a plan for the State to use its allotment to
                carry out 3 or more of the activities described in
                paragraph (6); and
                    ``(ii) annual reports on the use of allotments,
                including such additional information as the Administrator
                determines appropriate.
                ``(B) Not more than 10 percent of the amount allotted to a
            State for a fiscal year may be used by the State for
            administrative expenses.
            ``(6) Use of funds.--Amounts allotted to a State under this
        subsection shall be used for 3 or more of the following health-
        related activities:
                ``(A) Promoting evidence-based, measurable interventions to
            improve prevention and chronic disease management.
                ``(B) Providing payments to health care providers for the
            provision of health care items or services, as specified by the
            Administrator.
                ``(C) Promoting consumer-facing, technology-driven
            solutions for the prevention and management of chronic
            diseases.
                ``(D) Providing training and technical assistance for the
            development and adoption of technology-enabled solutions that
            improve care delivery in rural hospitals, including remote
            monitoring, robotics, artificial intelligence, and other
            advanced technologies.
                ``(E) Recruiting and retaining clinical workforce talent to
            rural areas, with commitments to serve rural communities for a
            minimum of 5 years.
                ``(F) Providing technical assistance, software, and
            hardware for significant information technology advances
            designed to improve efficiency, enhance cybersecurity
            capability development, and improve patient health outcomes.
                ``(G) Assisting rural communities to right size their
            health care delivery systems by identifying needed
            preventative, ambulatory, pre-hospital, emergency, acute
            inpatient care, outpatient care, and post-acute care service
            lines.
                ``(H) Supporting access to opioid use disorder treatment
            services (as defined in section 1861(jjj)(1)), other substance
            use disorder treatment services, and mental health services.
                ``(I) Developing projects that support innovative models of
            care that include value-based care arrangements and alternative
            payment models, as appropriate.
                ``(J) Additional uses designed to promote sustainable
            access to high quality rural health care services, as
            determined by the Administrator.
            ``(7) Exemptions.--Paragraphs (2), (3), (5), (6), (8), (10),
        (11), and (12) of subsection (c) do not apply to payments under
        this subsection.
            ``(8) Review.--There shall be no administrative or judicial
        review under section 1116 or otherwise of amounts allotted or
        redistributed to States under this subsection, payments to States
        withheld or reduced under this subsection, or previous payments
        recovered from States under this subsection.
            ``(9) Health care provider defined.--For purposes of this
        subsection, the term `health care provider' means a provider of
        services or supplier who is enrolled under this title, title XVIII,
        or title XIX.''.
        (b) Conforming Amendments.--Title XXI of the Social Security Act
    (42 U.S.C. 1397aa) is amended--
            (1) in section 2101--
                (A) in subsection (a), in the matter preceding paragraph
            (1), by striking ``The purpose'' and inserting ``Except with
            respect to the rural health transformation program established
            in section 2105(h), the purpose''; and
                (B) in subsection (b), in the matter preceding paragraph
            (1), by inserting ``subsection (a) or (g) of'' before ``section
            2105'';
            (2) in section 2105(c)(1), by striking ``and may not include''
        and inserting ``or to carry out the rural health transformation
        program established in subsection (h) and, except in the case of
        amounts made available under subsection (h), may not include''; and
            (3) in section 2106(a)(1), by inserting ``subsection (a) or (g)
        of'' before ``section 2105''.
        (c) Implementation.--The Administrator of the Centers for Medicare
    & Medicaid Services shall implement this section, including the
    amendments made by this section, by program instruction or other forms
    of program guidance.
        (d) Implementation Funding.--For the purposes of carrying out the
    provisions of, and the amendments made by, this section, there are
    appropriated, out of any monies in the Treasury not otherwise
    appropriated, to the Administrator of the Centers for Medicare &
    Medicaid Services, $200,000,000 for fiscal year 2025, to remain
    available until expended.

                       Subtitle C--Increase in Debt Limit

    SEC. 72001. MODIFICATION OF LIMITATION ON THE PUBLIC DEBT.
        The limitation under section 3101(b) of title 31, United States
    Code, as most recently increased by section 401(b) of Public Law 118-5
    (31 U.S.C. 3101 note), is increased by $5,000,000,000,000.

                            Subtitle D--Unemployment

    SEC. 73001. ENDING UNEMPLOYMENT PAYMENTS TO JOBLESS MILLIONAIRES.
        (a) Prohibition on Use of Federal Funds.--
            (1) In general.--No Federal funds may be used--
                (A) to make payments of unemployment compensation benefits
            under an unemployment compensation program of the United States
            in a year to an individual whose wages during the individual's
            base period are equal to or exceed $1,000,000; or
                (B) for any administrative costs associated with making
            payments described in subparagraph (A).
            (2) Compliance.--
                (A) Self-certification.--Any application for unemployment
            compensation under an unemployment compensation program of the
            United States shall include a form or procedure for an
            individual applicant to certify that such individual's wages
            during the individual's base period do not equal or exceed
            $1,000,000.
                (B) Verification.--Each State agency that is responsible
            for administering any unemployment compensation program of the
            United States shall utilize available systems to verify wage
            eligibility by assessing claimant income to the degree
            possible.
            (3) Recovery of overpayments.--Each State agency that is
        responsible for administering any unemployment compensation program
        of the United States shall require individuals who have received
        amounts of unemployment compensation under such a program to which
        they were not entitled to repay such amounts.
            (4) Effective date.--The prohibition under paragraph (1) shall
        apply to weeks of unemployment beginning on or after the date of
        the enactment of this Act.
        (b) Unemployment Compensation Program of the United States
    Defined.--In this section, the term ``unemployment compensation program
    of the United States'' means--
            (1) unemployment compensation for Federal civilian employees
        under subchapter I of chapter 85 of title 5, United States Code;
            (2) unemployment compensation for ex-servicemembers under
        subchapter II of chapter 85 of title 5, United States Code;
            (3) extended benefits under the Federal-State Extended
        Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note);
            (4) any Federal temporary extension of unemployment
        compensation;
            (5) any Federal program that increases the weekly amount of
        unemployment compensation payable to individuals; and
            (6) any other Federal program providing for the payment of
        unemployment compensation, as determined by the Secretary of Labor.

        TITLE VIII--COMMITTEE ON HEALTH, EDUCATION, LABOR, AND PENSIONS
                    Subtitle A--Exemption of Certain Assets

    SEC. 80001. EXEMPTION OF CERTAIN ASSETS.
        (a) Exemption of Certain Assets.--Section 480(f)(2) of the Higher
    Education Act of 1965 (20 U.S.C. 1087vv(f)(2)) is amended--
            (1) by striking ``net value of the'' and inserting the
        following: ``net value of--
                ``(A) the'';
            (2) by striking the period at the end and inserting a
        semicolon; and
            (3) by adding at the end the following:
                ``(B) a family farm on which the family resides;
                ``(C) a small business with not more than 100 full-time or
            full-time equivalent employees (or any part of such a small
            business) that is owned and controlled by the family; or
                ``(D) a commercial fishing business and related expenses,
            including fishing vessels and permits owned and controlled by
            the family.''.
        (b) Effective Date and Application.--The amendments made by
    subsection (a) shall take effect on July 1, 2026, and shall apply with
    respect to award year 2026-2027 and each subsequent award year, as
    determined under the Higher Education Act of 1965 (20 U.S.C. 1001 et
    seq.).

                            Subtitle B--Loan Limits

    SEC. 81001. ESTABLISHMENT OF LOAN LIMITS FOR GRADUATE AND PROFESSIONAL
    STUDENTS AND PARENT BORROWERS; TERMINATION OF GRADUATE AND PROFESSIONAL
    PLUS LOANS.
        Section 455(a) of the Higher Education Act of 1965 (20 U.S.C.
    1087e(a)) is amended--
            (1) in paragraph (3)--
                (A) in the paragraph heading, by inserting ``and federal
            direct plus loans'' after ``loans'';
                (B) by striking subparagraph (A) and inserting the
            following:
                ``(A) Termination of authority to make interest subsidized
            loans to graduate and professional students.--Subject to
            subparagraph (B), and notwithstanding any provision of this
            part or part B--
                    ``(i) for any period of instruction beginning on or
                after July 1, 2012, a graduate or professional student
                shall not be eligible to receive a Federal Direct Stafford
                loan under this part; and
                    ``(ii) for any period of instruction beginning on July
                1, 2012, and ending on June 30, 2026, the maximum annual
                amount of Federal Direct Unsubsidized Stafford loans such a
                student may borrow in any academic year (as defined in
                section 481(a)(2)) or its equivalent shall be the maximum
                annual amount for such student determined under section
                428H, plus an amount equal to the amount of Federal Direct
                Stafford loans the student would have received in the
                absence of this subparagraph.''; and
                (C) by adding at the end the following:
                ``(C) Termination of authority to make federal direct plus
            loans to graduate and professional students.--Subject to
            paragraph (8) and notwithstanding any provision of this part or
            part B, for any period of instruction beginning on or after
            July 1, 2026, a graduate or professional student shall not be
            eligible to receive a Federal Direct PLUS Loan under this
            part.''; and
            (2) by adding at the end the following:
            ``(4) Graduate and professional annual and aggregate limits for
        federal direct unsubsidized stafford loans beginning july 1,
        2026.--
                ``(A) Annual limits beginning july 1, 2026.--Subject to
            paragraphs (7)(A) and (8), beginning on July 1, 2026, the
            maximum annual amount of Federal Direct Unsubsidized Stafford
            loans--
                    ``(i) a graduate student, who is not a professional
                student, may borrow in any academic year or its equivalent
                shall be $20,500; and
                    ``(ii) a professional student may borrow in any
                academic year or its equivalent shall be $50,000.
                ``(B) Aggregate limits.--Subject to paragraphs (6), (7)(A),
            and (8), beginning on July 1, 2026, the maximum aggregate
            amount of Federal Direct Unsubsidized Stafford loans, in
            addition to the amount borrowed for undergraduate education,
            that--
                    ``(i) a graduate student--

                        ``(I) who is not (and has not been) a professional
                    student, may borrow for programs of study described in
                    subparagraph (C)(i) shall be $100,000; or
                        ``(II) who is (or has been) a professional student,
                    may borrow for programs of study described in
                    subparagraph (C)(i) shall be an amount equal to--

                            ``(aa) $200,000; minus
                            ``(bb) the amount such student borrowed for
                        programs of study described in subparagraph
                        (C)(ii); and
                    ``(ii) a professional student--

                        ``(I) who is not (and has not been) a graduate
                    student, may borrow for programs of study described in
                    subparagraph (C)(ii) shall be $200,000; or
                        ``(II) who is (or has been) a graduate student, may
                    borrow for programs of study described in subparagraph
                    (C)(ii) shall be an amount equal to--

                            ``(aa) $200,000; minus
                            ``(bb) the amount such student borrowed for
                        programs of study described in subparagraph (C)(i).
                ``(C) Definitions.--
                    ``(i) Graduate student.--The term `graduate student'
                means a student enrolled in a program of study that awards
                a graduate credential (other than a professional degree)
                upon completion of the program.
                    ``(ii) Professional student.--In this paragraph, the
                term `professional student' means a student enrolled in a
                program of study that awards a professional degree, as
                defined under section 668.2 of title 34, Code of Federal
                Regulations (as in effect on the date of enactment of this
                paragraph), upon completion of the program.
            ``(5) Parent borrower annual and aggregate limits for federal
        direct plus loans beginning july 1, 2026.--
                ``(A) Annual limits.--Subject to paragraph (8) and
            notwithstanding any provision of this part or part B, beginning
            on July 1, 2026, for each dependent student, the total maximum
            annual amount of Federal Direct PLUS loans that may be borrowed
            on behalf of that dependent student by all parents of that
            dependent student shall be $20,000.
                ``(B) Aggregate limits.--Subject to paragraph (8) and
            notwithstanding any provision of this part or part B, beginning
            on July 1, 2026, for each dependent student, the total maximum
            aggregate amount of Federal Direct PLUS loans that may be
            borrowed on behalf of that dependent student by all parents of
            that dependent student shall be $65,000, without regard to any
            amounts repaid, forgiven, canceled, or otherwise discharged on
            any such loan.
            ``(6) Lifetime maximum aggregate amount for all students.--
        Subject to paragraph (8) and notwithstanding any provision of this
        part or part B, beginning on July 1, 2026, the maximum aggregate
        amount of loans made, insured, or guaranteed under this title that
        a student may borrow (other than a Federal Direct PLUS loan, or
        loan under section 428B, made to the student as a parent borrower
        on behalf of a dependent student) shall be $257,500, without regard
        to any amounts repaid, forgiven, canceled, or otherwise discharged
        on any such loan.
            ``(7) Additional rules regarding annual loan limits.--
                ``(A) Less than full-time enrollment.--Notwithstanding any
            provision of this part or part B, in any case in which a
            student is enrolled in a program of study of an institution of
            higher education on less than a full-time basis during any
            academic year, the amount of a loan that student may borrow for
            an academic year or its equivalent shall be reduced in direct
            proportion to the degree to which that student is not so
            enrolled on a full-time basis, rounded to the nearest whole
            percentage point, as provided in a schedule of reductions
            published by the Secretary computed for purposes of this
            subparagraph.
                ``(B) Institutionally determined limits.--Notwithstanding
            the annual loan limits established under this section and, for
            undergraduate students, under this part and part B, beginning
            on July 1, 2026, an institution of higher education (at the
            discretion of a financial aid administrator at the institution)
            may limit the total amount of loans made under this part for a
            program of study for an academic year that a student may
            borrow, and that a parent may borrow on behalf of such student,
            as long as any such limit is applied consistently to all
            students enrolled in such program of study.
            ``(8) Interim exception for certain students.--
                ``(A) Application of prior limits.--Paragraphs (3)(C), (4),
            (5), and (6) shall not apply, and paragraph (3)(A)(ii) shall
            apply as such paragraph was in effect for periods of
            instruction ending before June 30, 2026, during the expected
            time to credential described in subparagraph (B), with respect
            to an individual who, as of June 30, 2026--
                    ``(i) is enrolled in a program of study at an
                institution of higher education; and
                    ``(ii) has received a loan (or on whose behalf a loan
                was made) under this part for such program of study.
                ``(B) Expected time to credential.--For purposes of this
            paragraph, the expected time to credential of an individual
            shall be equal to the lesser of--
                    ``(i) three academic years; or
                    ``(ii) the period determined by calculating the
                difference between--

                        ``(I) the program length for the program of study
                    in which the individual is enrolled; and
                        ``(II) the period of such program of study that
                    such individual has completed as of the date of the
                    determination under this subparagraph.

                ``(C) Definition of program length.--In this paragraph, the
            term `program length' means the minimum amount of time in
            weeks, months, or years that is specified in the catalog,
            marketing materials, or other official publications of an
            institution of higher education for a full-time student to
            complete the requirements for a specific program of study.''.

                           Subtitle C--Loan Repayment

    SEC. 82001. LOAN REPAYMENT.
        (a) Transition to Income-based Repayment Plans.--
            (1) Selection.--The Secretary of Education shall take such
        steps as may be necessary to ensure that before July 1, 2028, each
        borrower who has one or more loans that are in a repayment status
        in accordance with, or an administrative forbearance associated
        with, an income contingent repayment plan authorized under section
        455(e) of the Higher Education Act of 1965 (referred to in this
        subsection as ``covered income contingent loans'') selects one of
        the following income-based repayment plans that is otherwise
        applicable, and for which that borrower is otherwise eligible, for
        the repayment of the covered income contingent loans of the
        borrower:
                (A) The Repayment Assistance Plan under section 455(q) of
            the Higher Education Act of 1965.
                (B) The income-based repayment plan under section 493C of
            the Higher Education Act of 1965.
                (C) Any other repayment plan as authorized under section
            455(d)(1) of the Higher Education Act of 1965.
            (2) Commencement of new repayment plan.--Beginning on July 1,
        2028, a borrower described in paragraph (1) shall begin repaying
        the covered income contingent loans of the borrower in accordance
        with the repayment plan selected under paragraph (1), unless the
        borrower chooses to begin repaying in accordance with the repayment
        plan selected under paragraph (1) before such date.
            (3) Failure to select.--In the case of a borrower described in
        paragraph (1) who fails to select a repayment plan in accordance
        with such paragraph, the Secretary of Education shall--
                (A) enroll the covered income contingent loans of such
            borrower in--
                    (i) the Repayment Assistance Plan under section 455(q)
                of the Higher Education Act of 1965 with respect to loans
                that are eligible for the Repayment Assistance Plan under
                such subsection; or
                    (ii) the income-based repayment plan under section 493C
                of such Act, with respect to loans that are not eligible
                for the Repayment Assistance Plan; and
                (B) require the borrower to begin repaying covered income
            contingent loans according to the plans under subparagraph (A)
            on July 1, 2028.
        (b) Repayment Plans.--Section 455(d) of the Higher Education Act of
    1965 (20 U.S.C. 1087e(d)) is amended--
            (1) in paragraph (1)--
                (A) in the matter preceding subparagraph (A), by inserting
            ``before July 1, 2026, who has not received a loan made under
            this part on or after July 1, 2026,'' after ``made under this
            part'';
                (B) in subparagraph (D)--
                    (i) by inserting ``before June 30, 2028,'' before ``an
                income contingent repayment plan''; and
                    (ii) by striking ``and'' after the semicolon;
                (C) in subparagraph (E)--
                    (i) by striking ``that enables borrowers who have a
                partial financial hardship to make a lower monthly
                payment'';
                    (ii) by striking ``a Federal Direct Consolidation Loan,
                if the proceeds of such loan were used to discharge the
                liability on such Federal Direct PLUS Loan or a loan under
                section 428B made on behalf of a dependent student'' and
                inserting ``an excepted Consolidation Loan (as defined in
                section 493C(a)(2))''; and
                    (iii) by striking the period at the end and inserting
                ``; and''; and
                (D) by adding at the end the following:
                ``(F) beginning on July 1, 2026, the income-based Repayment
            Assistance Plan under subsection (q), provided that--
                    ``(i) such Plan shall not be available for the
                repayment of excepted loans (as defined in paragraph
                (7)(E)); and
                    ``(ii) the borrower is required to pay each outstanding
                loan of the borrower made under this part under such
                Repayment Assistance Plan, except that a borrower of an
                excepted loan (as defined in paragraph (7)(E)) may repay
                the excepted loan separately from other loans under this
                part obtained by the borrower.'';
            (2) in paragraph (5), by amending subparagraph (B) to read as
        follows:
                ``(B) repay the loan pursuant to an income-based repayment
            plan under subsection (q) or section 493C, as applicable.'';
            and
            (3) by adding at the end the following:
            ``(6) Termination and limitation of repayment authority.--
                ``(A) Sunset of repayment plans available before july 1,
            2026.--Paragraphs (1) through (4) of this subsection shall only
            apply to loans made under this part before July 1, 2026.
                ``(B) Prohibitions.--The Secretary may not, for any loan
            made under this part on or after July 1, 2026--
                    ``(i) authorize a borrower of such a loan to repay such
                loan pursuant to a repayment plan that is not described in
                paragraph (7)(A); or
                    ``(ii) carry out or modify a repayment plan that is not
                described in such paragraph.
            ``(7) Repayment plans for loans made on or after july 1,
        2026.--
                ``(A) Design and selection.--Beginning on July 1, 2026, the
            Secretary shall offer a borrower of a loan made under this part
            on or after such date (including such a borrower who also has a
            loan made under this part before such date) two plans for
            repayment of the borrower's loans under this part, including
            principal and interest on such loans. The borrower shall be
            entitled to accelerate, without penalty, repayment on such
            loans. The borrower may choose--
                    ``(i) a standard repayment plan--

                        ``(I) with a fixed monthly repayment amount paid
                    over a fixed period of time equal to the applicable
                    period determined under subclause (II); and
                        ``(II) with the applicable period of time for
                    repayment determined based on the total outstanding
                    principal of all loans of the borrower made under this
                    part before, on, or after July 1, 2026, at the time the
                    borrower is entering repayment under such plan, as
                    follows--

                            ``(aa) for a borrower with total outstanding
                        principal of less than $25,000, a period of 10
                        years;
                            ``(bb) for a borrower with total outstanding
                        principal of not less than $25,000 and less than
                        $50,000, a period of 15 years;
                            ``(cc) for a borrower with total outstanding
                        principal of not less than $50,000 and less than
                        $100,000, a period of 20 years; and
                            ``(dd) for a borrower with total outstanding
                        principal of $100,000 or more, a period of 25
                        years; or
                    ``(ii) the income-based Repayment Assistance Plan under
                subsection (q).
                ``(B) Selection by secretary.--If a borrower of a loan made
            under this part on or after July 1, 2026, does not select a
            repayment plan described in subparagraph (A), the Secretary
            shall provide the borrower with the standard repayment plan
            described in subparagraph (A)(i).
                ``(C) Selection applies to all outstanding loans.--A
            borrower is required to pay each outstanding loan of the
            borrower made under this part under the same selected repayment
            plan, except that a borrower who selects the Repayment
            Assistance Plan and also has an excepted loan that is not
            eligible for repayment under such Repayment Assistance Plan
            shall repay the excepted loan separately from other loans under
            this part obtained by the borrower.
                ``(D) Changes of repayment plan.--A borrower may change the
            borrower's selection of--
                    ``(i) the standard repayment plan under subparagraph
                (A)(i), or the Secretary's selection of such plan for the
                borrower under subparagraph (B), as the case may be, to the
                Repayment Assistance Plan under subparagraph (A)(ii) at any
                time; and
                    ``(ii) the Repayment Assistance Plan under subparagraph
                (A)(ii) to the standard repayment plan under subparagraph
                (A)(i) at any time.
                ``(E) Repayment for borrowers with excepted loans made on
            or after july 1, 2026.--
                    ``(i) Standard repayment plan required.--
                Notwithstanding subparagraphs (A) through (D), beginning on
                July 1, 2026, the Secretary shall require a borrower who
                has received an excepted loan made on or after such date
                (including such a borrower who also has an excepted loan
                made before such date) to repay each excepted loan,
                including principal and interest on those excepted loans,
                under the standard repayment plan under subparagraph
                (A)(i). The borrower shall be entitled to accelerate,
                without penalty, repayment on such loans.
                    ``(ii) Excepted loan defined.--For the purposes of this
                paragraph, the term `excepted loan' means a loan with an
                outstanding balance that is--

                        ``(I) a Federal Direct PLUS Loan that is made on
                    behalf of a dependent student; or
                        ``(II) a Federal Direct Consolidation Loan, if the
                    proceeds of such loan were used to discharge the
                    liability on--

                            ``(aa) an excepted PLUS loan, as defined in
                        section 493C(a)(1); or
                            ``(bb) an excepted consolidation loan (as such
                        term is defined in section 493C(a)(2)(A),
                        notwithstanding subparagraph (B) of such
                        section).''.
        (c) Elimination of Authority to Provide Income Contingent Repayment
    Plans.--
            (1) Repeal.--Subsection (e) of section 455 of the Higher
        Education Act of 1965 (20 U.S.C. 1087e(e)) is repealed.
            (2) Further amendments to eliminate income contingent
        repayment.--
                (A) Section 428 of the Higher Education Act of 1965 (20
            U.S.C. 1078) is amended--
                    (i) in subsection (b)(1)(D), by striking ``be subject
                to income contingent repayment in accordance with
                subsection (m)'' and inserting ``be subject to income-based
                repayment in accordance with subsection (m)''; and
                    (ii) in subsection (m)--

                        (I) in the subsection heading, by striking ``Income
                    Contingent and'';
                        (II) by amending paragraph (1) to read as follows:

            ``(1) Authority of secretary to require.--The Secretary may
        require borrowers who have defaulted on loans made under this part
        that are assigned to the Secretary under subsection (c)(8) to repay
        those loans pursuant to an income-based repayment plan under
        section 493C.''; and

                        (III) in the heading of paragraph (2), by striking
                    ``income contingent or''.

                (B) Section 428C of the Higher Education Act of 1965 (20
            U.S.C. 1078-3) is amended--
                    (i) in subsection (a)(3)(B)(i)(V)(aa), by striking
                ``for the purposes of obtaining income contingent repayment
                or income-based repayment'' and inserting ``for the
                purposes of qualifying for an income-based repayment plan
                under section 455(q) or section 493C, as applicable'';
                    (ii) in subsection (b)(5), by striking ``be repaid
                either pursuant to income contingent repayment under part D
                of this title, pursuant to income-based repayment under
                section 493C, or pursuant to any other repayment provision
                under this section'' and inserting ``be repaid pursuant to
                an income-based repayment plan under section 493C or any
                other repayment provision under this section''; and
                    (iii) in subsection (c)--

                        (I) in paragraph (2)(A), by striking ``or by the
                    terms of repayment pursuant to income contingent
                    repayment offered by the Secretary under subsection
                    (b)(5)'' and inserting ``or by the terms of repayment
                    pursuant to an income-based repayment plan under
                    section 493C''; and
                        (II) in paragraph (3)(B), by striking ``except as
                    required by the terms of repayment pursuant to income
                    contingent repayment offered by the Secretary under
                    subsection (b)(5)'' and inserting ``except as required
                    by the terms of repayment pursuant to an income-based
                    repayment plan under section 493C''.

                (C) Section 485(d)(1) of the Higher Education Act of 1965
            (20 U.S.C. 1092(d)(1)) is amended by striking ``income-
            contingent and''.
                (D) Section 494(a)(2) of the Higher Education Act of 1965
            (20 U.S.C. 1098h(a)(2)) is amended--
                    (i) in the paragraph heading, by striking ``Income-
                contingent and income-based'' and inserting ``Income-
                based''; and
                    (ii) in subparagraph (A)--

                        (I) in the matter preceding clause (i), by striking
                    ``income-contingent or''; and
                        (II) in clause (ii)(I), by striking ``section
                    455(e)(8) or the equivalent procedures established
                    under section 493C(c)(2)(B), as applicable'' and
                    inserting ``section 493C(c)(2)''.

            (3) Effective date.--The amendments made by this subsection
        shall take effect on July 1, 2028.
        (d) Repayment Assistance Plan.--Section 455 of the Higher Education
    Act of 1965 (20 U.S.C. 1087e) is amended by adding at the end the
    following new subsection:
        ``(q) Repayment Assistance Plan.--
            ``(1) In general.--Notwithstanding any other provision of this
        Act, beginning on July 1, 2026, the Secretary shall carry out an
        income-based repayment plan (to be known as the `Repayment
        Assistance Plan'), that shall have the following terms and
        conditions:
                ``(A) The total monthly repayment amount owed by a borrower
            for all of the loans of the borrower that are repaid pursuant
            to the Repayment Assistance Plan shall be equal to the
            applicable monthly payment of a borrower calculated under
            paragraph (4)(B), except that the borrower may not be precluded
            from repaying an amount that exceeds such amount for any month.
                ``(B) The Secretary shall apply the borrower's applicable
            monthly payment under this paragraph first toward interest due
            on each such loan, next toward any fees due on each loan, and
            then toward the principal of each loan.
                ``(C) Any principal due and not paid under subparagraph (B)
            or paragraph (2)(B) shall be deferred.
                ``(D) A borrower who is not in a period of deferment or
            forbearance shall make an applicable monthly payment for each
            month until the earlier of--
                    ``(i) the date on which the outstanding balance of
                principal and interest due on all of the loans of the
                borrower that are repaid pursuant to the Repayment
                Assistance Plan is $0; or
                    ``(ii) the date on which the borrower has made 360
                qualifying monthly payments.
                ``(E) The Secretary shall cancel any outstanding balance of
            principal and interest due on a loan made under this part to a
            borrower--
                    ``(i) who, for any period of time, participated in the
                Repayment Assistance Plan under this subsection;
                    ``(ii) whose most recent payment for such loan prior to
                the loan cancellation under this subparagraph was made
                under such Repayment Assistance Plan; and
                    ``(iii) who has made 360 qualifying monthly payments on
                such loan.
                ``(F) For the purposes of this subsection, the term
            `qualifying monthly payment' means any of the following:
                    ``(i) An on-time applicable monthly payment under this
                subsection.
                    ``(ii) An on-time monthly payment under the standard
                repayment plan under subsection (d)(7)(A)(i) of not less
                than the monthly payment required under such plan.
                    ``(iii) A monthly payment under any repayment plan
                (excluding the Repayment Assistance Plan under this
                subsection) of not less than the monthly payment that would
                be required under a standard repayment plan under section
                455(d)(1)(A) with a repayment period of 10 years.
                    ``(iv) A monthly payment under section 493C of not less
                than the monthly payment required under such section,
                including a monthly payment equal to the minimum payment
                amount permitted under such section.
                    ``(v) A monthly payment made before July 1, 2028, under
                an income contingent repayment plan carried out under
                section 455(d)(1)(D) (or under an alternative repayment
                plan in lieu of repayment under such an income contingent
                repayment plan, if placed in such an alternative repayment
                plan by the Secretary) of not less than the monthly payment
                required under such a plan, including a monthly payment
                equal to the minimum payment amount permitted under such a
                plan.
                    ``(vi) A month when the borrower did not make a payment
                because the borrower was in deferment under subsection
                (f)(2)(B) or due to an economic hardship described in
                subsection (f)(2)(D).
                    ``(vii) A month that ended before the date of enactment
                of this subsection when the borrower did not make a payment
                because the borrower was in a period of deferment or
                forbearance described in section 685.209(k)(4)(iv) of title
                34, Code of Federal Regulations (as in effect on the date
                of enactment of this subsection).
                ``(G) The procedures established by the Secretary under
            section 493C(c) shall apply for annually determining the
            borrower's eligibility for the Repayment Assistance Plan,
            including verification of a borrower's annual income and the
            annual amount due on the total amount of loans eligible to be
            repaid under this subsection, and such other procedures as are
            necessary to effectively implement income-based repayment under
            this subsection. With respect to carrying out section 494(a)(2)
            for the Repayment Assistance Plan, an individual may elect to
            opt out of the disclosures required under section
            494(a)(2)(A)(ii) in accordance with the procedures established
            under section 493C(c)(2).
            ``(2) Balance assistance for distressed borrowers.--
                ``(A) Interest subsidy.--With respect to a borrower of a
            loan made under this part, for each month for which such a
            borrower makes an on-time applicable monthly payment required
            under paragraph (1)(A) and such monthly payment is insufficient
            to pay the total amount of interest that accrues for the month
            on all loans of the borrower repaid pursuant to the Repayment
            Assistance Plan under this subsection, the amount of interest
            accrued and not paid for the month shall not be charged to the
            borrower.
                ``(B) Matching principal payment.--With respect to a
            borrower of a loan made under this part and not in a period of
            deferment or forbearance, for each month for which a borrower
            makes an on-time applicable monthly payment required under
            paragraph (1)(A) and such monthly payment reduces the total
            outstanding principal balance of all loans of the borrower
            repaid pursuant to the Repayment Assistance Plan under this
            subsection by less than $50, the Secretary shall reduce such
            total outstanding principal balance of the borrower by an
            amount that is equal to--
                    ``(i) the amount that is the lesser of--

                        ``(I) $50; or
                        ``(II) the total amount paid by the borrower for
                    such month pursuant to paragraph (1)(A); minus

                    ``(ii) the total amount paid by the borrower for such
                month pursuant to paragraph (1)(A) that is applied to such
                total outstanding principal balance.
            ``(3) Additional documents.--A borrower who chooses, or is
        required, to repay a loan under this subsection, and for whom
        adjusted gross income is unavailable or does not reasonably reflect
        the borrower's current income, shall provide to the Secretary other
        documentation of income satisfactory to the Secretary, which
        documentation the Secretary may use to determine repayment under
        this subsection.
            ``(4) Definitions.--In this subsection:
                ``(A) Adjusted gross income.--The term `adjusted gross
            income', when used with respect to a borrower, means the
            adjusted gross income (as such term is defined in section 62 of
            the Internal Revenue Code of 1986) of the borrower (and the
            borrower's spouse, as applicable) for the most recent taxable
            year, except that, in the case of a married borrower who files
            a separate Federal income tax return, the term does not include
            the adjusted gross income of the borrower's spouse.
                ``(B) Applicable monthly payment.--
                    ``(i) In general.--Except as provided in clause (ii),
                (iii), or (vi), the term `applicable monthly payment'
                means, when used with respect to a borrower, the amount
                equal to--

                        ``(I) the applicable base payment of the borrower,
                    divided by 12; minus
                        ``(II) $50 for each dependent of the borrower
                    (which, in the case of a married borrower filing a
                    separate Federal income tax return, shall include only
                    each dependent that the borrower claims on that
                    return).

                    ``(ii) Minimum amount.--In the case of a borrower with
                an applicable monthly payment amount calculated under
                clause (i) that is less than $10, the applicable monthly
                payment of the borrower shall be $10.
                    ``(iii) Final payment.--In the case of a borrower whose
                total outstanding balance of principal and interest on all
                of the loans of the borrower that are repaid pursuant to
                the Repayment Assistance Plan is less than the applicable
                monthly payment calculated pursuant to clause (i) or (ii),
                as applicable, then the applicable monthly payment of the
                borrower shall be the total outstanding balance of
                principal and interest on all such loans.
                    ``(iv) Base payment.--The amount of the applicable base
                payment for a borrower with an adjusted gross income of--

                        ``(I) not more than $10,000, is $120;
                        ``(II) more than $10,000 and not more than $20,000,
                    is 1 percent of such adjusted gross income;
                        ``(III) more than $20,000 and not more than
                    $30,000, is 2 percent of such adjusted gross income;
                        ``(IV) more than $30,000 and not more than $40,000,
                    is 3 percent of such adjusted gross income;
                        ``(V) more than $40,000 and not more than $50,000,
                    is 4 percent of such adjusted gross income;
                        ``(VI) more than $50,000 and not more than $60,000,
                    is 5 percent of such adjusted gross income;
                        ``(VII) more than $60,000 and not more than
                    $70,000, is 6 percent of such adjusted gross income;
                        ``(VIII) more than $70,000 and not more than
                    $80,000, is 7 percent of such adjusted gross income;
                        ``(IX) more than $80,000 and not more than $90,000,
                    is 8 percent of such adjusted gross income;
                        ``(X) more than $90,000 and not more than $100,000,
                    is 9 percent of such adjusted gross income; and
                        ``(XI) more than $100,000, is 10 percent of such
                    adjusted gross income.

                    ``(v) Dependent.--For the purposes of this paragraph,
                the term `dependent' means an individual who is a dependent
                under section 152 of the Internal Revenue Code of 1986.
                    ``(vi) Special rule.--In the case of a borrower who is
                required by the Secretary to provide information to the
                Secretary to determine the applicable monthly payment of
                the borrower under this subparagraph, and who does not
                comply with such requirement, the applicable monthly
                payment of the borrower shall be--

                        ``(I) the sum of the monthly payment amounts the
                    borrower would have paid for each of the borrower's
                    loans made under this part under a standard repayment
                    plan with a fixed monthly repayment amount, paid over a
                    period of 10 years, based on the outstanding principal
                    due on such loan when such loan entered repayment; and
                        ``(II) determined pursuant to this clause until the
                    date on which the borrower provides such information to
                    the Secretary.''.

        (e) Federal Consolidation Loans.--Section 455(g) of the Higher
    Education Act of 1965 (20 U.S.C. 1087e(g)) is amended by adding at the
    end the following new paragraph:
            ``(3) Consolidation loans made on or after july 1, 2026.--A
        Federal Direct Consolidation Loan offered to a borrower under this
        part on or after July 1, 2026, may only be repaid pursuant to a
        repayment plan described in clause (i) or (ii) of subsection
        (d)(7)(A) of this section, as applicable, and the repayment
        schedule of such a Consolidation Loan shall be determined in
        accordance with such repayment plan.''.
        (f) Income-Based Repayment.--
            (1) Amendments.--
                (A) Excepted consolidation loan defined.--Section
            493C(a)(2) of the Higher Education Act of 1965 (20 U.S.C.
            1098e(a)(2)) is amended to read as follows:
            ``(2) Excepted consolidation loan.--
                ``(A) In general.--The term `excepted consolidation loan'
            means--
                    ``(i) a consolidation loan under section 428C, or a
                Federal Direct Consolidation Loan, if the proceeds of such
                loan were used to discharge the liability on an excepted
                PLUS loan; or
                    ``(ii) a consolidation loan under section 428C, or a
                Federal Direct Consolidation Loan, if the proceeds of such
                loan were used to discharge the liability on a
                consolidation loan under section 428C, or a Federal Direct
                Consolidation Loan described in clause (i).
                ``(B) Exclusion.--The term `excepted consolidation loan'
            does not include a Federal Direct Consolidation Loan described
            in subparagraph (A) that, on any date during the period
            beginning on the date of enactment of this subparagraph and
            ending on June 30, 2028, was being repaid--
                    ``(i) pursuant to the Income Contingent Repayment (ICR)
                plan in accordance with section 685.209(b) of title 34,
                Code of Federal Regulations (as in effect on June 30,
                2023); or
                    ``(ii) pursuant to another income driven repayment
                plan.''.
                (B) Termination of partial financial hardship
            eligibility.--Section 493C(a)(3) of the Higher Education Act of
            1965 (20 U.S.C. 1098e(a)(3)) is amended to read as follows:
            ``(3) Applicable amount.--The term `applicable amount' means 15
        percent of the result obtained by calculating, on at least an
        annual basis, the amount by which--
                ``(A) the borrower's, and the borrower's spouse's (if
            applicable), adjusted gross income; exceeds
                ``(B) 150 percent of the poverty line applicable to the
            borrower's family size as determined under section 673(2) of
            the Community Services Block Grant Act (42 U.S.C. 9902(2)).''.
                (C) Terms of income-based repayment.--Section 493C(b) of
            the Higher Education Act of 1965 (20 U.S.C. 1098e(b)) is
            amended--
                    (i) by amending paragraph (1) to read as follows:
            ``(1) a borrower of any loan made, insured, or guaranteed under
        part B or D (other than an excepted PLUS loan or excepted
        consolidation loan), may elect to have the borrower's aggregate
        monthly payment for all such loans not exceed the applicable amount
        divided by 12;'';
                    (ii) by striking paragraph (6) and inserting the
                following:
            ``(6) if the monthly payment amount calculated under this
        section for all loans made to the borrower under part B or D (other
        than an excepted PLUS loan or excepted consolidation loan) exceeds
        the monthly amount calculated under section 428(b)(9)(A)(i) or
        455(d)(1)(A), based on a 10-year repayment period, when the
        borrower first made the election described in this subsection
        (referred to in this paragraph as the `standard monthly repayment
        amount'), or if the borrower no longer wishes to continue the
        election under this subsection, then--
                ``(A) the maximum monthly payment required to be paid for
            all loans made to the borrower under part B or D (other than an
            excepted PLUS loan or excepted consolidation loan) shall be the
            standard monthly repayment amount; and
                ``(B) the amount of time the borrower is permitted to repay
            such loans may exceed 10 years;'';
                    (iii) in paragraph (7)(B)(iv), by inserting ``(as such
                section was in effect on the day before the date of the
                repeal of section 455(e)'' after ``section 455(d)(1)(D)'';
                and
                    (iv) in paragraph (8), by inserting ``or the Repayment
                Assistance Program under section 455(q)'' after ``standard
                repayment plan''.
                (D) Eligibility determinations.--Section 493C(c) of the
            Higher Education Act of 1965 (20 U.S.C. 1098e(c)) is amended to
            read as follows:
        ``(c) Eligibility Determinations; Automatic Recertification.--
            ``(1) In general.--The Secretary shall establish procedures for
        annually determining, in accordance with paragraph (2), the
        borrower's eligibility for income-based repayment, including the
        verification of a borrower's annual income and the annual amount
        due on the total amount of loans made, insured, or guaranteed under
        part B or D (other than an excepted PLUS loan or excepted
        consolidation loan), and such other procedures as are necessary to
        effectively implement income-based repayment under this section.
        The Secretary shall consider, but is not limited to, the procedures
        established in accordance with section 455(e)(1) (as in effect on
        the day before the date of repeal of subsection (e) of section 455)
        or in connection with income sensitive repayment schedules under
        section 428(b)(9)(A)(iii) or 428C(b)(1)(E).
            ``(2) Automatic recertification.--
                ``(A) In general.--The Secretary shall establish and
            implement, with respect to any borrower enrolled in an income-
            based repayment program under this section or under section
            455(q), procedures to--
                    ``(i) use return information disclosed under section
                6103(l)(13) of the Internal Revenue Code of 1986, pursuant
                to approval provided under section 494, to determine the
                repayment obligation of the borrower without further action
                by the borrower;
                    ``(ii) allow the borrower (or the spouse of the
                borrower), at any time, to opt out of disclosure under such
                section 6103(l)(13) and instead provide such information as
                the Secretary may require to determine the repayment
                obligation of the borrower (or withdraw from the repayment
                plan under this section or under section 455(q), as the
                case may be); and
                    ``(iii) provide the borrower with an opportunity to
                update the return information so disclosed before the
                determination of the repayment obligation of the borrower.
                ``(B) Applicability.--Subparagraph (A) shall apply to each
            borrower of a loan eligible to be repaid under this section or
            under section 455(q), who, on or after the date on which the
            Secretary establishes procedures under such subparagraph (A)--
                    ``(i) selects, or is required to repay such loan
                pursuant to, an income-based repayment plan under this
                section or under section 455(q); or
                    ``(ii) recertifies income or family size under such
                plan.''.
                (E) Special terms for new borrowers on and after july 1,
            2014.--Section 493C(e) of the Higher Education Act of 1965 (20
            U.S.C. 1098e(e)) is amended--
                    (i) in the subsection heading, by inserting ``and
                Before July 1, 2026'' after ``After July 1, 2014''; and
                    (ii) by inserting ``and before July 1, 2026'' after
                ``after July 1, 2014''.
            (2) Effective date and application.--The amendments made by
        this subsection shall take effect on the date of enactment of this
        title, and shall apply with respect to any borrower who is in
        repayment before, on, or after the date of enactment of this title.
        (g) FFEL Adjustment.--Section 428(b)(9)(A)(v) of the Higher
    Education Act of 1965 (20 U.S.C. 1078(b)(9)(A)(v)) is amended by
    striking ``who has a partial financial hardship''.
    SEC. 82002. DEFERMENT; FORBEARANCE.
        (a) Sunset of Economic Hardship and Unemployment Deferments.--
    Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f))
    is amended--
            (1) by striking the subsection heading and inserting the
        following: ``Deferment; Forbearance'';
            (2) in paragraph (2)--
                (A) in subparagraph (B), by striking ``not in'' and
            inserting ``subject to paragraph (7), not in''; and
                (B) in subparagraph (D), by striking ``not in'' and
            inserting ``subject to paragraph (7), not in''; and
            (3) by adding at the end the following:
            ``(7) Sunset of unemployment and economic hardship
        deferments.--A borrower who receives a loan made under this part on
        or after July 1, 2027, shall not be eligible to defer such loan
        under subparagraph (B) or (D) of paragraph (2).''.
        (b) Forbearance on Loans Made Under This Part on or After July 1,
    2027.--Section 455(f) of the Higher Education Act of 1965 (20 U.S.C.
    1087e(f)) is amended by adding at the end the following:
            ``(8) Forbearance on loans made under this part on or after
        july 1, 2027.--A borrower who receives a loan made under this part
        on or after July 1, 2027, may only be eligible for a forbearance on
        such loan pursuant to section 428(c)(3)(B) that does not exceed 9
        months during any 24-month period.''.
    SEC. 82003. LOAN REHABILITATION.
        (a) Updating Loan Rehabilitation Limits.--
            (1) FFEL and direct loans.--Section 428F(a)(5) of the Higher
        Education Act of 1965 (20 U.S.C. 1078-6(a)(5)) is amended by
        striking ``one time'' and inserting ``two times''.
            (2) Perkins loans.--Section 464(h)(1)(D) of the Higher
        Education Act of 1965 (20 U.S.C. 1087dd(h)(1)(D)) is amended by
        striking ``once'' and inserting ``twice''.
            (3) Effective date.--The amendments made by this subsection
        shall take effect beginning on July 1, 2027, and shall apply with
        respect to any loan made, insured, or guaranteed under title IV of
        the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.).
        (b) Minimum Monthly Payment Amount.--Section 428F(a)(1)(B) of the
    Higher Education Act of 1965 (20 U.S.C. 1078-6(a)(1)(B)) is amended by
    adding at the end the following: ``With respect to a borrower who has 1
    or more loans made under part D on or after July 1, 2027 that are
    described in subparagraph (A), the total monthly payment of the
    borrower for all such loans shall not be less than $10.''.
    SEC. 82004. PUBLIC SERVICE LOAN FORGIVENESS.
        Section 455(m)(1)(A) of the Higher Education Act of 1965 (20 U.S.C.
    1087e(m)(1)(A)) is amended--
            (1) in clause (iii), by striking ``; or'' and inserting a
        semicolon;
            (2) in clause (iv), by striking ``; and'' and inserting ``(as
        in effect on the day before the date of the repeal of subsection
        (e) of this section); or''; and
            (3) by adding at the end the following new clause:
                    ``(v) on-time payments under the Repayment Assistance
                Plan under subsection (q); and''.
    SEC. 82005. STUDENT LOAN SERVICING.
        Paragraph (1) of section 458(a) of the Higher Education Act of 1965
    (20 U.S.C. 1087h(a)(1)) is amended to read as follows:
            ``(1) Additional mandatory funds for servicing.--There shall be
        available to the Secretary (in addition to any other amounts
        appropriated under any appropriations Act for administrative costs
        under this part and part B and out of any money in the Treasury not
        otherwise appropriated) $1,000,000,000 to be obligated for
        administrative costs under this part and part B, including the
        costs of servicing the direct student loan programs under this
        part, which shall remain available until expended.''.

                            Subtitle D--Pell Grants

    SEC. 83001. ELIGIBILITY.
        (a) Foreign Income and Federal Pell Grant Eligibility.--
            (1) Adjusted gross income defined.--Section 401(a)(2)(A) of the
        Higher Education Act of 1965 (20 U.S.C. 1070a(a)(2)(A)) is amended
        to read as follows:
                ``(A) the term `adjusted gross income' means--
                    ``(i) in the case of a dependent student, for the
                second tax year preceding the academic year--

                        ``(I) the adjusted gross income (as defined in
                    section 62 of the Internal Revenue Code of 1986) of the
                    student's parents; plus
                        ``(II) for Federal Pell Grant determinations made
                    for academic years beginning on or after July 1, 2026,
                    the foreign income (as described in section 480(b)(5))
                    of the student's parents; and

                    ``(ii) in the case of an independent student, for the
                second tax year preceding the academic year--

                        ``(I) the adjusted gross income (as defined in
                    section 62 of the Internal Revenue Code of 1986) of the
                    student (and the student's spouse, if applicable); plus
                        ``(II) for Federal Pell Grant determinations made
                    for academic years beginning on or after July 1, 2026,
                    the foreign income (as described in section 480(b)(5))
                    of the student (and the student's spouse, if
                    applicable);''.

            (2) Sunset.--Section 401(b)(1)(D) of the Higher Education Act
        of 1965 (20 U.S.C. 1070a(b)(1)(D)) is amended--
                (A) by striking ``A student'' and inserting ``For each
            academic year beginning before July 1, 2026, a student''; and
                (B) by inserting ``, as in effect for such academic year,''
            after ``section 479A(b)(1)(B)(v)''.
            (3) Conforming amendments.--
                (A) In general.--Section 479A(b)(1)(B) of the Higher
            Education Act of 1965 (20 U.S.C. 1087tt(b)(1)(B)) is amended--
                    (i) by striking clause (v); and
                    (ii) by redesignating clauses (vi) and (vii) as clauses
                (v) and (vi), respectively.
                (B) Effective date.--The amendment made by subparagraph (A)
            shall take effect on July 1, 2026.
        (b) Federal Pell Grant Ineligibility Due to a High Student Aid
    Index.--
            (1) In general.--Section 401(b)(1) of the Higher Education Act
        of 1965 (20 U.S.C. 1070a(b)(1)) is amended by adding at the end the
        following:
                ``(F) Ineligibility of students with a high student aid
            index.--Notwithstanding subparagraphs (A) through (E), a
            student shall not be eligible for a Federal Pell Grant under
            this subsection for an academic year in which the student has a
            student aid index that equals or exceeds twice the amount of
            the total maximum Federal Pell Grant for such academic year.''.
            (2) Effective date.--The amendment made by paragraph (1) shall
        take effect on July 1, 2026.
    SEC. 83002. WORKFORCE PELL GRANTS.
        (a) In General.--Section 401 of the Higher Education Act of 1965
    (20 U.S.C. 1070a) is amended by adding at the end the following:
        ``(k) Workforce Pell Grant Program.--
            ``(1) In general.--For the award year beginning on July 1,
        2026, and each subsequent award year, the Secretary shall award
        grants (to be known as `Workforce Pell Grants') to eligible
        students under paragraph (2) in accordance with this subsection.
            ``(2) Eligible students.--To be eligible to receive a Workforce
        Pell Grant under this subsection for any period of enrollment, a
        student shall meet the eligibility requirements for a Federal Pell
        Grant under this section, except that the student--
                ``(A) shall be enrolled, or accepted for enrollment, in an
            eligible program under section 481(b)(3) (hereinafter referred
            to as an `eligible workforce program'); and
                ``(B) may not--
                    ``(i) be enrolled, or accepted for enrollment, in a
                program of study that leads to a graduate credential; or
                    ``(ii) have attained such a credential.
            ``(3) Terms and conditions of awards.--The Secretary shall
        award Workforce Pell Grants under this subsection in the same
        manner and with the same terms and conditions as the Secretary
        awards Federal Pell Grants under this section, except that--
                ``(A) each use of the term `eligible program' (except in
            subsection (b)(9)(A)) shall be substituted by `eligible
            workforce program under section 481(b)(3)';
                ``(B) the provisions of subsection (d)(2) shall not be
            applicable to eligible workforce programs; and
                ``(C) a student who is eligible for a grant equal to less
            than the amount of the minimum Federal Pell Grant because the
            eligible workforce program in which the student is enrolled or
            accepted for enrollment is less than an academic year (in hours
            of instruction or weeks of duration) may still be eligible for
            a Workforce Pell Grant in an amount that is prorated based on
            the length of the program.
            ``(4) Prevention of double benefits.--No eligible student
        described in paragraph (2) may concurrently receive a grant under
        both this subsection and--
                ``(A) subsection (b); or
                ``(B) subsection (c).
            ``(5) Duration limit.--Any period of study covered by a
        Workforce Pell Grant awarded under this subsection shall be
        included in determining a student's duration limit under subsection
        (d)(5).''.
        (b) Program Eligibility for Workforce Pell Grants.--Section 481(b)
    of the Higher Education Act of 1965 (20 U.S.C. 1088(b)) is amended--
            (1) by redesignating paragraphs (3) and (4) as paragraphs (4)
        and (5), respectively; and
            (2) by inserting after paragraph (2) the following:
            ``(3)(A) A program is an eligible program for purposes of the
        Workforce Pell Grant program under section 401(k) only if--
                ``(i) it is a program of at least 150 clock hours of
            instruction, but less than 600 clock hours of instruction, or
            an equivalent number of credit hours, offered by an eligible
            institution during a minimum of 8 weeks, but less than 15
            weeks;
                ``(ii) it is not offered as a correspondence course, as
            defined in 600.2 of title 34, Code of Federal Regulations (as
            in effect on July 1, 2021);
                ``(iii) the Governor of a State, after consultation with
            the State board, determines that the program--
                    ``(I) provides an education aligned with the
                requirements of high-skill, high-wage (as identified by the
                State pursuant to section 122 of the Carl D. Perkins Career
                and Technical Education Act (20 U.S.C. 2342)), or in-demand
                industry sectors or occupations;
                    ``(II) meets the hiring requirements of potential
                employers in the sectors or occupations described in
                subclause (I);
                    ``(III) either--

                        ``(aa) leads to a recognized postsecondary
                    credential that is stackable and portable across more
                    than one employer; or
                        ``(bb) with respect to students enrolled in the
                    program--

                            ``(AA) prepares such students for employment in
                        an occupation for which there is only one
                        recognized postsecondary credential; and
                            ``(BB) provides such students with such a
                        credential upon completion of such program; and
                    ``(IV) prepares students to pursue 1 or more
                certificate or degree programs at 1 or more institutions of
                higher education (which may include the eligible
                institution providing the program), including by ensuring--

                        ``(aa) that a student, upon completion of the
                    program and enrollment in such a related certificate or
                    degree program, will receive academic credit for the
                    Workforce Pell program that will be accepted toward
                    meeting such certificate or degree program
                    requirements; and
                        ``(bb) the acceptability of such credit toward
                    meeting such certificate or degree program
                    requirements; and

                ``(iv) after the Governor of such State makes the
            determination that the program meets the requirements under
            clause (iii), the Secretary determines that--
                    ``(I) the program has been offered by the eligible
                institution for not less than 1 year prior to the date on
                which the Secretary makes a determination under this
                clause;
                    ``(II) for each award year, the program has a verified
                completion rate of at least 70 percent, within 150 percent
                of the normal time for completion;
                    ``(III) for each award year, the program has a verified
                job placement rate of at least 70 percent, measured 180
                days after completion; and
                    ``(IV) for each award year, the total amount of the
                published tuition and fees of the program for such year is
                an amount that does not exceed the value-added earnings of
                students who received Federal financial aid under this
                title and who completed the program 3 years prior to the
                award year, as such earnings are determined by calculating
                the difference between--

                        ``(aa) the median earnings of such students, as
                    adjusted by the State and metropolitan area regional
                    price parities of the Bureau of Economic Analysis based
                    on the location of such program; and
                        ``(bb) 150 percent of the poverty line applicable
                    to a single individual as determined under section
                    673(2) of the Community Services Block Grant Act (42
                    U.S.C. 9902(2)) for such year.

            ``(B) In this paragraph:
                ``(i) The term `eligible institution' means an eligible
            institution for purposes of section 401.
                ``(ii) The term `Governor' means the chief executive of a
            State.
                ``(iii) The terms `in-demand industry sector or
            occupation', `recognized postsecondary credential', and `State
            board' have the meanings given such terms in section 3 of the
            Workforce Innovation and Opportunity Act.''.
        (c) Effective Date; Applicability.--The amendments made by this
    section shall take effect on July 1, 2026, and shall apply with respect
    to award year 2026-2027 and each succeeding award year.
    SEC. 83003. PELL SHORTFALL.
        Section 401(b)(7)(A)(iii) of the Higher Education Act of 1965 (20
    U.S.C. 1070a(b)(7)(A)(iii)) is amended by striking ``$2,170,000,000''
    and inserting ``$12,670,000,000''.
    SEC. 83004. FEDERAL PELL GRANT EXCLUSION RELATING TO OTHER GRANT AID.
        Section 401(d) of the Higher Education Act of 1965 (20 U.S.C.
    1070a(d)) is amended by adding at the end the following:
            ``(6) Exclusion.--Beginning on July 1, 2026, and
        notwithstanding this subsection or subsection (b), a student shall
        not be eligible for a Federal Pell Grant under subsection (b)
        during any period for which the student receives grant aid from
        non-Federal sources, including States, institutions of higher
        education, or private sources, in an amount that equals or exceeds
        the student's cost of attendance for such period.''.

                           Subtitle E--Accountability

    SEC. 84001. INELIGIBILITY BASED ON LOW EARNING OUTCOMES.
        Section 454 of the Higher Education Act of 1965 (20 U.S.C. 1087d)
    is amended--
            (1) in subsection (a)--
                (A) in paragraph (5), by striking ``and'' after the
            semicolon;
                (B) by redesignating paragraph (6) as paragraph (7); and
                (C) by inserting after paragraph (5) the following:
            ``(6) provide assurances that, beginning July 1, 2026, the
        institution will comply with all requirements of subsection (c);
        and'';
            (2) in subsection (b)(2), by striking ``and (6)'' and inserting
        ``(6), and (7)'';
            (3) by redesignating subsection (c) as subsection (d); and
            (4) by inserting after subsection (b) the following:
        ``(c) Ineligibility for Certain Programs Based on Low Earning
    Outcomes.--
            ``(1) In general.--Notwithstanding section 481(b), an
        institution of higher education subject to this subsection shall
        not use funds under this part for student enrollment in an
        educational program offered by the institution that is described in
        paragraph (2).
            ``(2) Low-earning outcome programs described.--An educational
        program at an institution is described in this paragraph if the
        program awards an undergraduate degree, graduate or professional
        degree, or graduate certificate, for which the median earnings (as
        determined by the Secretary) of the programmatic cohort of students
        who received funds under this title for enrollment in such program,
        who completed such program during the academic year that is 4 years
        before the year of the determination, who are not enrolled in any
        institution of higher education, and who are working, are, for not
        less than 2 of the 3 years immediately preceding the date of the
        determination, less than the median earnings of a working adult
        described in paragraph (3) for the corresponding year.
            ``(3) Calculation of median earnings.--
                ``(A) Working adult.--For purposes of applying paragraph
            (2) to an educational program at an institution, a working
            adult described in this paragraph is a working adult who, for
            the corresponding year--
                    ``(i) is aged 25 to 34;
                    ``(ii) is not enrolled in an institution of higher
                education; and
                    ``(iii)(I) in the case of a determination made for an
                educational program that awards a baccalaureate or lesser
                degree, has only a high school diploma or its recognized
                equivalent; or
                    ``(II) in the case of a determination made for a
                graduate or professional program, has only a baccalaureate
                degree.
                ``(B) Source of data.--For purposes of applying paragraph
            (2) to an educational program at an institution, the median
            earnings of a working adult, as described in subparagraph (A),
            shall be based on data from the Bureau of the Census--
                    ``(i) with respect to an educational program that
                awards a baccalaureate or lesser degree--

                        ``(I) for the State in which the institution is
                    located; or
                        ``(II) if fewer than 50 percent of the students
                    enrolled in the institution reside in the State where
                    the institution is located, for the entire United
                    States; and

                    ``(ii) with respect to an educational program that is a
                graduate or professional program--

                        ``(I) for the lowest median earnings of--

                            ``(aa) a working adult in the State in which
                        the institution is located;
                            ``(bb) a working adult in the same field of
                        study (as determined by the Secretary, such as by
                        using the 2-digit CIP code) in the State in which
                        the institution is located; and
                            ``(cc) a working adult in the same field of
                        study (as so determined) in the entire United
                        States; or

                        ``(II) if fewer than 50 percent of the students
                    enrolled in the institution reside in the State where
                    the institution is located, for the lower median
                    earnings of--

                            ``(aa) a working adult in the entire United
                        States; or
                            ``(bb) a working adult in the same field of
                        study (as so determined) in the entire United
                        States.
            ``(4) Small programmatic cohorts.--For any year for which the
        programmatic cohort described in paragraph (2) for an educational
        program of an institution is fewer than 30 individuals, the
        Secretary shall--
                ``(A) first, aggregate additional years of programmatic
            data in order to achieve a cohort of at least 30 individuals;
            and
                ``(B) second, in cases in which the cohort (including the
            individuals added under subparagraph (A)) is still fewer than
            30 individuals, aggregate additional cohort years of
            programmatic data for educational programs of equivalent length
            in order to achieve a cohort of at least 30 individuals.
            ``(5) Appeals process.--An educational program shall not lose
        eligibility under this subsection unless the institution has had
        the opportunity to appeal the programmatic median earnings of
        students working and not enrolled determination under paragraph
        (2), through a process established by the Secretary. During such
        appeal, the Secretary may permit the educational program to
        continue to participate in the program under this part.
            ``(6) Notice to students.--
                ``(A) In general.--If an educational program of an
            institution of higher education subject to this subsection does
            not meet the cohort median earning requirements, as described
            in paragraph (2), for one year during the applicable covered
            period but has not yet failed to meet such requirements for 2
            years during such covered period, the institution shall
            promptly inform each student enrolled in the educational
            program of the eligible program's low cohort median earnings
            and that the educational program is at risk of losing its
            eligibility for funds under this part.
                ``(B) Covered period.--In this paragraph, the term `covered
            period' means the period of the 3 years immediately preceding
            the date of a determination made under paragraph (2).
            ``(7) Regaining programmatic eligibility.--The Secretary shall
        establish a process by which an institution of higher education
        that has an educational program that has lost eligibility under
        this subsection may, after a period of not less than 2 years of
        such program's ineligibility, apply to regain such eligibility,
        subject to the requirements established by the Secretary that
        further the purpose of this subsection.''.

                         Subtitle F--Regulatory Relief

    SEC. 85001. DELAY OF RULE RELATING TO BORROWER DEFENSE TO REPAYMENT.
        (a) Delay.--Beginning on the date of enactment of this section, for
    loans that first originate before July 1, 2035, the provisions of
    subpart D of part 685 of title 34, Code of Federal Regulations
    (relating to borrower defense to repayment), as added or amended by the
    final regulations published by the Department of Education on November
    1, 2022, and titled ``Institutional Eligibility Under the Higher
    Education Act of 1965, as Amended; Student Assistance General
    Provisions; Federal Perkins Loan Program; Federal Family Education Loan
    Program; and William D. Ford Federal Direct Loan Program'' (87 Fed.
    Reg. 65904) shall not be in effect.
        (b) Effect.--Beginning on the date of enactment of this section,
    with respect to loans that first originate before July 1, 2035, any
    regulations relating to borrower defense to repayment that took effect
    on July 1, 2020, are restored and revived as such regulations were in
    effect on such date.
    SEC. 85002. DELAY OF RULE RELATING TO CLOSED SCHOOL DISCHARGES.
        (a) Delay.--Beginning on the date of enactment of this section, for
    loans that first originate before July 1, 2035, the provisions of
    sections 674.33(g), 682.402(d), and 685.214 of title 34, Code of
    Federal Regulations (relating to closed school discharges), as added or
    amended by the final regulations published by the Department of
    Education on November 1, 2022, and titled ``Institutional Eligibility
    Under the Higher Education Act of 1965, as Amended; Student Assistance
    General Provisions; Federal Perkins Loan Program; Federal Family
    Education Loan Program; and William D. Ford Federal Direct Loan
    Program'' (87 Fed. Reg. 65904), shall not be in effect.
        (b) Effect.--Beginning on the date of enactment of this section,
    with respect to loans that first originate before July 1, 2035, the
    portions of the Code of Federal Regulations described in subsection (a)
    and amended by the final regulations described in subsection (a) shall
    be in effect as if the amendments made by such final regulations had
    not been made.

                          Subtitle G--Garden of Heroes

    SEC. 86001. GARDEN OF HEROES.
        In addition to amounts otherwise available, there are appropriated
    to the National Endowment for the Humanities for fiscal year 2025, out
    of any money in the Treasury not otherwise appropriated, to remain
    available through fiscal year 2028, $40,000,000 for the procurement of
    statues as described in Executive Order 13934 (85 Fed. Reg. 41165;
    relating to building and rebuilding monuments to American heroes),
    Executive Order 13978 (86 Fed. Reg. 6809; relating to building the
    National Garden of American Heroes), and Executive Order 14189 (90 Fed.
    Reg. 8849; relating to celebrating America's birthday).

                   Subtitle H--Office of Refugee Resettlement

    SEC. 87001. POTENTIAL SPONSOR VETTING FOR UNACCOMPANIED ALIEN CHILDREN
    APPROPRIATION.
        (a) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Office of Refugee Resettlement for fiscal
    year 2025, out of any money in the Treasury not otherwise appropriated,
    $300,000,000, to remain available until September 30, 2028, for the
    purposes described in subsection (b).
        (b) Use of Funds.--The funds made available under subsection (a)
    may only be used for the Office of Refugee Resettlement to support
    costs associated with--
            (1) background checks on potential sponsors, which shall
        include--
                (A) the name of the potential sponsor and of all adult
            residents of the potential sponsor's household;
                (B) the social security number or tax payer identification
            number of the potential sponsor and of all adult residents of
            the potential sponsor's household;
                (C) the date of birth of the potential sponsor and of all
            adult residents of the potential sponsor's household;
                (D) the validated location of the residence at which the
            unaccompanied alien child will be placed;
                (E) an in-person or virtual interview with, and suitability
            study concerning, the potential sponsor and all adult residents
            of the potential sponsor's household;
                (F) contact information for the potential sponsor and for
            all adult residents of the potential sponsor's household; and
                (G) the results of all background and criminal records
            checks for the potential sponsor and for all adult residents of
            the potential sponsor's household, which shall include, at a
            minimum, an investigation of the public records sex offender
            registry, a public records background check, and a national
            criminal history check based on fingerprints;
            (2) home studies of potential sponsors of unaccompanied alien
        children;
            (3) determining whether an unaccompanied alien child poses a
        danger to self or others by conducting an examination of the
        unaccompanied alien child for gang-related tattoos and other gang-
        related markings and covering such tattoos or markings while the
        child is in the care of the Office of Refugee Resettlement;
            (4) data systems improvement and sharing that supports the
        health, safety, and well being of unaccompanied alien children by
        determining the appropriateness of potential sponsors of
        unaccompanied alien children and of adults residing in the
        household of the potential sponsor and by assisting with the
        identification and investigation of child labor exploitation and
        child trafficking; and
            (5) coordinating and communicating with State child welfare
        agencies regarding the placement of unaccompanied alien children in
        such States by the Office of Refugee Resettlement.
        (c) Definitions.--In this section:
            (1) Potential sponsor.--The term ``potential sponsor'' means an
        individual or entity who applies for the custody of an
        unaccompanied alien child.
            (2) Unaccompanied alien child.--The term ``unaccompanied alien
        child'' has the meaning given such term in section 462(g) of the
        Homeland Security Act of 2002 (6 U.S.C. 279(g)).

       TITLE IX--COMMITTEE ON HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS
                    Subtitle A--Homeland Security Provisions

    SEC. 90001. BORDER INFRASTRUCTURE AND WALL SYSTEM.
        In addition to amounts otherwise available, there is appropriated
    to the Commissioner of U.S. Customs and Border Protection for fiscal
    year 2025, out of any money in the Treasury not otherwise appropriated,
    to remain available until September 30, 2029, $46,550,000,000 for
    necessary expenses relating to the following elements of the border
    infrastructure and wall system:
            (1) Construction, installation, or improvement of new or
        replacement primary, waterborne, and secondary barriers.
            (2) Access roads.
            (3) Barrier system attributes, including cameras, lights,
        sensors, and other detection technology.
            (4) Any work necessary to prepare the ground at or near the
        border to allow U.S. Customs and Border Protection to conduct its
        operations, including the construction and maintenance of the
        barrier system.
    SEC. 90002. U.S. CUSTOMS AND BORDER PROTECTION PERSONNEL, FLEET
    VEHICLES, AND FACILITIES.
        (a) In General.--In addition to amounts otherwise available, there
    is appropriated to the Commissioner of U.S. Customs and Border
    Protection for fiscal year 2025, out of any money in the Treasury not
    otherwise appropriated, the following:
            (1) Personnel.--$4,100,000,000, to remain available until
        September 30, 2029, to hire and train additional Border Patrol
        agents, Office of Field Operations officers, Air and Marine agents,
        rehired annuitants, and U.S. Customs and Border Protection field
        support personnel.
            (2) Retention, hiring, and performance bonuses.--
        $2,052,630,000, to remain available until September 30, 2029, to
        provide recruitment bonuses, performance awards, or annual
        retention bonuses to eligible Border Patrol agents, Office of Field
        Operations officers, and Air and Marine agents.
            (3) Vehicles.--$855,000,000, to remain available until
        September 30, 2029, for the repair of existing patrol units and the
        lease or acquisition of additional patrol units.
            (4) Facilities.--$5,000,000,000 for necessary expenses relating
        to lease, acquisition, construction, design, or improvement of
        facilities and checkpoints owned, leased, or operated by U.S.
        Customs and Border Protection.
        (b) Restriction.--None of the funds made available by subsection
    (a) may be used to recruit, hire, or train personnel for the duties of
    processing coordinators after October 31, 2028.
    SEC. 90003. DETENTION CAPACITY.
        (a) In General.--In addition to any amounts otherwise appropriated,
    there is appropriated to U.S. Immigration and Customs Enforcement for
    fiscal year 2025, out of any money in the Treasury not otherwise
    appropriated, to remain available until September 30, 2029,
    $45,000,000,000, for single adult alien detention capacity and family
    residential center capacity.
        (b) Duration and Standards.--Aliens may be detained at family
    residential centers, as described in subsection (a), pending a
    decision, under the Immigration and Nationality Act (8 U.S.C. 1101 et
    seq.), on whether the aliens are to be removed from the United States
    and, if such aliens are ordered removed from the United States, until
    such aliens are removed. The detention standards for the single adult
    detention capacity described in subsection (a) shall be set in the
    discretion of the Secretary of Homeland Security, consistent with
    applicable law.
        (c) Definition of Family Residential Center.--In this section, the
    term ``family residential center'' means a facility used by the
    Department of Homeland Security to detain family units of aliens
    (including alien children who are not unaccompanied alien children (as
    defined in section 462(g) of the Homeland Security Act of 2002 (6
    U.S.C. 279(g)))) who are encountered or apprehended by the Department
    of Homeland Security.
    SEC. 90004. BORDER SECURITY, TECHNOLOGY, AND SCREENING.
        (a) In General.--In addition to amounts otherwise available, there
    is appropriated to the Commissioner of U.S. Customs and Border
    Protection for fiscal year 2025, out of any money in the Treasury not
    otherwise appropriated, to remain available until September 30, 2029,
    $6,168,000,000 for the following:
            (1) Procurement and integration of new nonintrusive inspection
        equipment and associated civil works, including artificial
        intelligence, machine learning, and other innovative technologies,
        as well as other mission support, to combat the entry or exit of
        illicit narcotics at ports of entry and along the southwest,
        northern, and maritime borders.
            (2) Air and Marine operations' upgrading and procurement of new
        platforms for rapid air and marine response capabilities.
            (3) Upgrades and procurement of border surveillance
        technologies along the southwest, northern, and maritime borders.
            (4) Necessary expenses, including the deployment of technology,
        relating to the biometric entry and exit system under section 7208
        of the Intelligence Reform and Terrorism Prevention Act of 2004 (8
        U.S.C. 1365b).
            (5) Screening persons entering or exiting the United States.
            (6) Initial screenings of unaccompanied alien children (as
        defined in section 462(g) of the Homeland Security Act of 2002 (6
        U.S.C. 279(g))), consistent with the William Wilberforce
        Trafficking Victims Protection Reauthorization Act of 2008 (Public
        Law 110-457; 122 Stat. 5044).
            (7) Enhancing border security by combating drug trafficking,
        including fentanyl and its precursor chemicals, at the southwest,
        northern, and maritime borders.
            (8) Commemorating efforts and events related to border
        security.
        (b) Restrictions.--None of the funds made available under
    subsection (a) may be used for the procurement or deployment of
    surveillance towers along the southwest border and northern border that
    have not been tested and accepted by U.S. Customs and Border Protection
    to deliver autonomous capabilities.
        (c) Definition of Autonomous.--In this section, with respect to
    capabilities, the term ``autonomous'' means a system designed to apply
    artificial intelligence, machine learning, computer vision, or other
    algorithms to accurately detect, identify, classify, and track items of
    interest in real time such that the system can make operational
    adjustments without the active engagement of personnel or continuous
    human command or control.
    SEC. 90005. STATE AND LOCAL ASSISTANCE.
        (a) State Homeland Security Grant Programs.--
            (1) In general.--In addition to amounts otherwise available,
        there is appropriated to the Administrator of the Federal Emergency
        Management Agency for fiscal year 2025, out of any money in the
        Treasury not otherwise appropriated, to remain available until
        September 30, 2029, to be administered under the State Homeland
        Security Grant Program authorized under section 2004 of the
        Homeland Security Act of 2002 (6 U.S.C. 605), to enhance State,
        local, and Tribal security through grants, contracts, cooperative
        agreements, and other activities--
                (A) $500,000,000 for State and local capabilities to
            detect, identify, track, or monitor threats from unmanned
            aircraft systems (as such term is defined in section 44801 of
            title 49, United States Code), consistent with titles 18 and 49
            of the United States Code;
                (B) $625,000,000 for security and other costs related to
            the 2026 FIFA World Cup;
                (C) $1,000,000,000 for security, planning, and other costs
            related to the 2028 Olympics; and
                (D) $450,000,000 for the Operation Stonegarden Grant
            Program.
            (2) Terms and conditions.--None of the funds made available
        under subparagraph (B) or (C) of paragraph (1) shall be subject to
        the requirements of section 2004(e)(1) or section 2008(a)(12) of
        the Homeland Security Act of 2002 (6 U.S.C. 605(e)(1), 609(a)(12)).
        (b) State Border Security Reinforcement Fund.--
            (1) Establishment.--There is established, in the Department of
        Homeland Security, a fund to be known as the ``State Border
        Security Reinforcement Fund.''
            (2) Purposes.--The Secretary of Homeland Security shall use
        amounts appropriated or otherwise made available for the Fund for
        grants to eligible States and units of local government for any of
        the following purposes:
                (A) Construction or installation of a border wall, border
            fencing or other barrier, or buoys along the southern border of
            the United States, which may include planning, procurement of
            materials, and personnel costs related to such construction or
            installation.
                (B) Any work necessary to prepare the ground at or near
            land borders to allow construction and maintenance of a border
            wall or other barrier fencing.
                (C) Detection and interdiction of illicit substances and
            aliens who have unlawfully entered the United States and have
            committed a crime under Federal, State, or local law, and
            transfer or referral of such aliens to the Department of
            Homeland Security as provided by law.
                (D) Relocation of aliens who are unlawfully present in the
            United States from small population centers to other domestic
            locations.
            (3) Appropriation.--In addition to amounts otherwise available
        for the purposes described in paragraph (2), there is appropriated
        for fiscal year 2025, out of any money in the Treasury not
        otherwise appropriated, to the Department of Homeland Security for
        the State Border Security Reinforcement Fund established by
        paragraph (1), $10,000,000,000, to remain available until September
        30, 2034, for qualified expenses for such purposes.
            (4) Eligibility.--The Secretary of Homeland Security may
        provide grants from the fund established by paragraph (1) to State
        agencies and units of local governments for expenditures made for
        completed, ongoing, or new activities, in accordance with law, that
        occurred on or after January 20, 2021.
            (5) Application.--Each State desiring to apply for a grant
        under this subsection shall submit an application to the Secretary
        containing such information in support of the application as the
        Secretary may require. The Secretary shall require that each State
        include in its application the purposes for which the State seeks
        the funds and a description of how the State plans to allocate the
        funds. The Secretary shall begin to accept applications not later
        than 90 days after the date of the enactment of this Act.
            (6) Terms and conditions.--Nothing in this subsection shall
        authorize any State or local government to exercise immigration or
        border security authorities reserved exclusively to the Federal
        Government under the Immigration and Nationality Act (8 U.S.C. 1101
        et seq.) or the Homeland Security Act of 2002 (6 U.S.C. 101 et
        seq.). The Federal Emergency Management Agency may use not more
        than 1 percent of the funds made available under this subsection
        for the purpose of administering grants provided for in this
        section.
    SEC. 90006. PRESIDENTIAL RESIDENCE PROTECTION.
        (a) In General.--In addition to amounts otherwise available, there
    is appropriated to the Administrator of the Federal Emergency
    Management Agency for fiscal year 2025, out of any money in the
    Treasury not otherwise appropriated, $300,000,000, to remain available
    until September 30, 2029, for the reimbursement of extraordinary law
    enforcement personnel costs for protection activities directly and
    demonstrably associated with any residence of the President designated
    pursuant to section 3 or 4 of the Presidential Protection Assistance
    Act of 1976 (Public Law 94-524; 18 U.S.C. 3056 note) to be secured by
    the United States Secret Service.
        (b) Availability.--Funds appropriated under this section shall be
    available only for costs that a State or local agency--
            (1) incurred or incurs on or after July 1, 2024;
            (2) demonstrates to the Administrator of the Federal Emergency
        Management Agency as being--
                (A) in excess of typical law enforcement operation costs;
                (B) directly attributable to the provision of protection
            described in this section; and
                (C) associated with a nongovernmental property designated
            pursuant to section 3 or 4 of the Presidential Protection
            Assistance Act of 1976 (Public Law 94-524; 18 U.S.C. 3056 note)
            to be secured by the United States Secret Service; and
            (3) certifies to the Administrator as compensating protection
        activities requested by the United States Secret Service.
        (c) Terms and Conditions.--The Federal Emergency Management Agency
    may use not more than 3 percent of the funds made available under this
    section for the purpose of administering grants provided for in this
    section.
    SEC. 90007. DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR BORDER
    SUPPORT.
        In addition to amounts otherwise available, there are appropriated
    to the Secretary of Homeland Security for fiscal year 2025, out of any
    money in the Treasury not otherwise appropriated, $10,000,000,000, to
    remain available until September 30, 2029, for reimbursement of costs
    incurred in undertaking activities in support of the Department of
    Homeland Security's mission to safeguard the borders of the United
    States.

                  Subtitle B--Governmental Affairs Provisions

    SEC. 90101. FEHB IMPROVEMENTS.
        (a) Short Title.--This section may be cited as the ``FEHB
    Protection Act of 2025''.
        (b) Definitions.--In this section:
            (1) Director.--The term ``Director'' means the Director of the
        Office of Personnel Management.
            (2) Health benefits plan; member of family.--The terms ``health
        benefits plan'' and ``member of family'' have the meanings given
        those terms in section 8901 of title 5, United States Code.
            (3) Open season.--The term ``open season'' means an open season
        described in section 890.301(f) of title 5, Code of Federal
        Regulations, or any successor regulation.
            (4) Program.--The term ``Program'' means the health insurance
        programs carried out under chapter 89 of title 5, United States
        Code, including the program carried out under section 8903c of that
        title.
            (5) Qualifying life event.--The term ``qualifying life event''
        has the meaning given the term in section 892.101 of title 5, Code
        of Federal Regulations, or any successor regulation.
        (c) Verification Requirements.--Not later than 1 year after the
    date of enactment of this Act, the Director shall issue regulations and
    implement a process to verify--
            (1) the veracity of any qualifying life event through which an
        enrollee in the Program seeks to add a member of family with
        respect to the enrollee to a health benefits plan under the
        Program; and
            (2) that, when an enrollee in the Program seeks to add a member
        of family with respect to the enrollee to the health benefits plan
        of the enrollee under the Program, including during any open
        season, the individual so added is a qualifying member of family
        with respect to the enrollee.
        (d) Fraud Risk Assessment.--In any fraud risk assessment conducted
    with respect to the Program on or after the date of enactment of this
    Act, the Director shall include an assessment of individuals who are
    enrolled in, or covered under, a health benefits plan under the Program
    even though those individuals are not eligible to be so enrolled or
    covered.
        (e) Family Member Eligibility Verification Audit.--
            (1) In general.--During the 3-year period beginning on the date
        that is 1 year after the date of enactment of this Act, the
        Director shall carry out a comprehensive audit regarding members of
        family who are covered under an enrollment in a health benefits
        plan under the Program.
            (2) Contents.--With respect to the audit carried out under
        paragraph (1), the Director shall review marriage certificates,
        birth certificates, and other appropriate documents that are
        necessary to determine eligibility to enroll in a health benefits
        plan under the Program.
        (f) Disenrollment or Removal.--Not later than 180 days after the
    date of enactment of this Act, the Director shall develop a process by
    which any individual enrolled in, or covered under, a health benefits
    plan under the Program who is not eligible to be so enrolled or covered
    shall be disenrolled or removed from enrollment in, or coverage under,
    that health benefits plan.
        (g) Earned Benefits and Health Care Administrative Services
    Associated Oversight and Audit Funding.--Section 8909 of title 5,
    United States Code, is amended--
            (1) in subsection (a)(2), by inserting before the period at the
        end the following: ``, except that the amounts required to be set
        aside under subsection (b)(2) shall not be subject to the
        limitations that may be specified annually by Congress''; and
            (2) in subsection (b)--
                (A) by redesignating paragraph (2) as paragraph (3); and
                (B) by inserting after paragraph (1) the following:
            ``(2) In fiscal year 2026, $66,000,000, to be derived from all
        contributions, and to remain available until the end of fiscal year
        2035, for the Director of the Office to carry out subsections (c)
        through (f) of the FEHB Protection Act of 2025.''.
    SEC. 90102. PANDEMIC RESPONSE ACCOUNTABILITY COMMITTEE.
        (a) Pandemic Response Accountability Committee Funding
    Availability.--In addition to amounts otherwise available, there is
    appropriated for fiscal year 2026, out of any money in the Treasury not
    otherwise appropriated, $88,000,000, to remain available until
    expended, for the Pandemic Response Accountability Committee to support
    oversight of the Coronavirus response and of funds provided in this Act
    or any other Act pertaining to the Coronavirus pandemic.
        (b) CARES Act.--Section 15010 of the CARES Act (Public Law 116-136;
    134 Stat. 533) is amended--
            (1) in subsection (a)(6)--
                (A) in subparagraph (E), by striking ``or'' at the end;
                (B) in subparagraph (F), by striking ``and'' at the end and
            inserting ``or''; and
                (C) by adding at the end the following:
                ``(G) the Act titled `An Act to provide for reconciliation
            pursuant to title II of H. Con. Res. 14'; and''; and
            (2) in subsection (k), by striking ``2025'' and inserting
        ``2034''.
    SEC. 90103. APPROPRIATION FOR THE OFFICE OF MANAGEMENT AND BUDGET.
        In addition to amounts otherwise available, there is appropriated
    to the Office of Management and Budget for fiscal year 2025, out of any
    money in the Treasury not otherwise appropriated, $100,000,000, to
    remain available until September 30, 2029, for purposes of finding
    budget and accounting efficiencies in the executive branch.

                      TITLE X--COMMITTEE ON THE JUDICIARY
              Subtitle A--Immigration and Law Enforcement Matters

                            PART I--IMMIGRATION FEES

    SEC. 100001. APPLICABILITY OF THE IMMIGRATION LAWS.
        (a) Applicability.--The fees under this subtitle shall apply to
    aliens in the circumstances described in this subtitle.
        (b) Terms.--The terms used under this subtitle shall have the
    meanings given such terms in section 101 of the Immigration and
    Nationality Act (8 U.S.C. 1101).
        (c) References to Immigration and Nationality Act.--Except as
    otherwise expressly provided, any reference in this subtitle to a
    section or other provision shall be considered to be to a section or
    other provision of the Immigration and Nationality Act (8 U.S.C. 1101
    et seq.).
    SEC. 100002. ASYLUM FEE.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security or the Attorney General, as
    applicable, shall require the payment of a fee, equal to the amount
    specified in this section, by any alien who files an application for
    asylum under section 208 (8 U.S.C. 1158) at the time such application
    is filed.
        (b) Initial Amount.--During fiscal year 2025, the amount specified
    in this section shall be the greater of--
            (1) $100; or
            (2) such amount as the Secretary or the Attorney General, as
        applicable, may establish, by rule.
        (c) Annual Adjustments for Inflation.--During fiscal year 2026, and
    during each subsequent fiscal year, the amount specified in this
    section shall be equal to the sum of--
            (1) the amount of the fee required under this section for the
        most recently concluded fiscal year; and
            (2) the product resulting from the multiplication of the amount
        referred to in paragraph (1) by the percentage (if any) by which
        the Consumer Price Index for All Urban Consumers for the month of
        July preceding the date on which such adjustment takes effect
        exceeds the Consumer Price Index for All Urban Consumers for the
        same month of the preceding calendar year, rounded to the next
        lowest multiple of $10.
        (d) Disposition of Asylum Fee Proceeds.--During each fiscal year--
            (1) 50 percent of the fees received from aliens filing
        applications with the Attorney General--
                (A) shall be credited to the Executive Office for
            Immigration Review; and
                (B) may be retained and expended without further
            appropriation;
            (2) 50 percent of fees received from aliens filing applications
        with the Secretary of Homeland Security--
                (A) shall be credited to U.S. Citizenship and Immigration
            Services;
                (B) shall be deposited into the Immigration Examinations
            Fee Account established under section 286(m) (8 U.S.C.
            1356(m)); and
                (C) may be retained and expended without further
            appropriation; and
            (3) any amounts received in fees required under this section
        that were not credited to the Executive Office for Immigration
        Review pursuant to paragraph (1) or to U.S. Citizenship and
        Immigration Services pursuant to paragraph (2) shall be deposited
        into the general fund of the Treasury.
        (e) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100003. EMPLOYMENT AUTHORIZATION DOCUMENT FEES.
        (a) Asylum Applicants.--
            (1) In general.--In addition to any other fee authorized by
        law, the Secretary of Homeland Security shall require the payment
        of a fee, equal to the amount specified in this subsection, by any
        alien who files an initial application for employment authorization
        under section 208(d)(2) (8 U.S.C. 1158(d)(2)) at the time such
        initial employment authorization application is filed.
            (2) Initial amount.--During fiscal year 2025, the amount
        specified in this subsection shall be the greater of--
                (A) $550; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (3) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this section for
            the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
            (4) Disposition of employment authorization document fees.--
        During each fiscal year--
                (A) 25 percent of the fees collected pursuant to this
            subsection--
                    (i) shall be credited to U.S. Citizenship and
                Immigration Services;
                    (ii) shall be deposited into the Immigration
                Examinations Fee Account established under section 286(m)
                (8 U.S.C. 1356(m)); and
                    (iii) may be retained and expended by U.S. Citizenship
                and Immigration Services without further appropriation,
                provided that not less than 50 percent is used to detect
                and prevent immigration benefit fraud; and
                (B) any amounts collected pursuant to this subsection that
            are not credited to U.S. Citizenship and Immigration Services
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
            (5) No fee waiver.--Fees required to be paid under this
        subsection shall not be waived or reduced.
        (b) Parolees.--
            (1) In general.--In addition to any other fee authorized by
        law, the Secretary of Homeland Security shall require the payment
        of a fee, equal to the amount specified in this subsection, by any
        alien paroled into the United States for any initial application
        for employment authorization at the time such initial application
        is filed. Each initial employment authorization shall be valid for
        a period of 1 year or for the duration of the alien's parole,
        whichever is shorter.
            (2) Initial amount.--During fiscal year 2025, the amount
        specified in this subsection shall be the greater of--
                (A) $550; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (3) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this subsection shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
            (4) Disposition of parolee employment authorization application
        fees.--All of the fees collected pursuant to this subsection shall
        be deposited into the general fund of the Treasury.
            (5) No fee waiver.--Fees required to be paid under this
        subsection shall not be waived or reduced.
        (c) Temporary Protected Status.--
            (1) In general.--In addition to any other fee authorized by
        law, the Secretary of Homeland Security shall require the payment
        of a fee, equal to the amount specified in this subsection, by any
        alien who files an initial application for employment authorization
        under section 244(a)(1)(B) (8 U.S.C. 1254a(a)(1)(B)) at the time
        such initial application is filed. Each initial employment
        authorization shall be valid for a period of 1 year, or for the
        duration of the alien's temporary protected status, whichever is
        shorter.
            (2) Initial amount.--During fiscal year 2025, the amount
        specified in this subsection shall be the greater of--
                (A) $550; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (3) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this subsection shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
            (4) Disposition of employment authorization application fees
        collected from aliens granted temporary protected status.--All of
        the fees collected pursuant to this subsection shall be deposited
        into the general fund of the Treasury.
            (5) No fee waiver.--Fees required to be paid under this
        subsection shall not be waived or reduced.
    SEC. 100004. IMMIGRATION PAROLE FEE.
        (a) In General.--Except as provided under subsection (b), the
    Secretary of Homeland Security shall require the payment of a fee,
    equal to the amount specified in this section and in addition to any
    other fee authorized by law, by any alien who is paroled into the
    United States.
        (b) Exceptions.--An alien shall not be subject to the fee otherwise
    required under subsection (a) if the alien establishes, to the
    satisfaction of the Secretary of Homeland Security, on an individual,
    case-by-case basis, that the alien is being paroled because--
            (1)(A) the alien has a medical emergency; and
            (B)(i) the alien cannot obtain necessary treatment in the
        foreign state in which the alien is residing; or
            (ii) the medical emergency is life-threatening and there is
        insufficient time for the alien to be admitted to the United States
        through the normal visa process;
            (2)(A) the alien is the parent or legal guardian of an alien
        described in paragraph (1); and
            (B) the alien described in paragraph (1) is a minor;
            (3)(A) the alien is needed in the United States to donate an
        organ or other tissue for transplant; and
            (B) there is insufficient time for the alien to be admitted to
        the United States through the normal visa process;
            (4)(A) the alien has a close family member in the United States
        whose death is imminent; and
            (B) the alien could not arrive in the United States in time to
        see such family member alive if the alien were to be admitted to
        the United States through the normal visa process;
            (5)(A) the alien is seeking to attend the funeral of a close
        family member; and
            (B) the alien could not arrive in the United States in time to
        attend such funeral if the alien were to be admitted to the United
        States through the normal visa process;
            (6) the alien is an adopted child--
                (A) who has an urgent medical condition;
                (B) who is in the legal custody of the petitioner for a
            final adoption-related visa; and
                (C) whose medical treatment is required before the expected
            award of a final adoption-related visa;
            (7) the alien--
                (A) is a lawful applicant for adjustment of status under
            section 245 (8 U.S.C. 1255); and
                (B) is returning to the United States after temporary
            travel abroad;
            (8) the alien--
                (A) has been returned to a contiguous country pursuant to
            section 235(b)(2)(C) (8 U.S.C. 1225(b)(2)(C)); and
                (B) is being paroled into the United States to allow the
            alien to attend the alien's immigration hearing;
            (9) the alien has been granted the status of Cuban and Haitian
        entrant (as defined in section 501(e) of the Refugee Education
        Assistance Act of 1980 (Public Law 96-422; 8 U.S.C. 1522 note); or
            (10) the Secretary of Homeland Security determines that a
        significant public benefit has resulted or will result from the
        parole of an alien--
                (A) who has assisted or will assist the United States
            Government in a law enforcement matter;
                (B) whose presence is required by the United States
            Government in furtherance of such law enforcement matter; and
                (C)(i) who is inadmissible or does not satisfy the
            eligibility requirements for admission as a nonimmigrant; or
                (ii) for which there is insufficient time for the alien to
            be admitted to the United States through the normal visa
            process.
        (c) Initial Amount.--For fiscal year 2025, the amount specified in
    this section shall be the greater of--
            (1) $1,000; or
            (2) such amount as the Secretary of Homeland Security may
        establish, by rule.
        (d) Annual Adjustments for Inflation.--During fiscal year 2026, and
    during each subsequent fiscal year, the amount specified in this
    section shall be equal to the sum of--
            (1) the amount of the fee required under this subsection for
        the most recently concluded fiscal year; and
            (2) the product resulting from the multiplication of the amount
        referred to in paragraph (1) by the percentage (if any) by which
        the Consumer Price Index for All Urban Consumers for the month of
        July preceding the date on which such adjustment takes effect
        exceeds the Consumer Price Index for All Urban Consumers for the
        same month of the preceding calendar year, rounded to the next
        lowest multiple of $10.
        (e) Disposition of Fees Collected From Aliens Granted Parole.--All
    of the fees collected pursuant to this section shall be deposited into
    the general fund of the Treasury.
        (f) No Fee Waiver.--Except as provided in subsection (b), fees
    required to be paid under this section shall not be waived or reduced.
    SEC. 100005. SPECIAL IMMIGRANT JUVENILE FEE.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security shall require the payment of a fee,
    equal to the amount specified in this section, by any alien, parent, or
    legal guardian of an alien applying for special immigrant juvenile
    status under section 101(a)(27)(J) (8 U.S.C. 1101(a)(27)(J)).
        (b) Initial Amount.--For fiscal year 2025, the amount specified in
    this section shall be the greater of--
            (1) $250; or
            (2) such amount as the Secretary of Homeland Security may
        establish, by rule.
        (c) Annual Adjustments for Inflation.--During fiscal year 2026, and
    during each subsequent fiscal year, the amount specified in this
    section shall be equal to the sum of--
            (1) the amount of the fee required under this subsection for
        the most recently concluded fiscal year; and
            (2) the product resulting from the multiplication of the amount
        referred to in paragraph (1) by the percentage (if any) by which
        the Consumer Price Index for All Urban Consumers for the month of
        July preceding the date on which such adjustment takes effect
        exceeds the Consumer Price Index for All Urban Consumers for the
        same month of the preceding calendar year, rounded to the next
        lowest multiple of $10.
        (d) Disposition of Special Immigrant Juvenile Fees.--All of the
    fees collected pursuant to this section shall be deposited into the
    general fund of the Treasury.
    SEC. 100006. TEMPORARY PROTECTED STATUS FEE.
        Section 244(c)(1)(B) of the Immigration and Nationality Act (8
    U.S.C. 1254a(c)(1)(B)) is amended--
            (1) by striking ``The Attorney General'' and inserting the
        following:
                    ``(i) In general.--The Attorney General'';
            (2) in clause (i), as redesignated, by striking ``$50'' and
        inserting ``$500, subject to the adjustments required under clause
        (ii)''; and
            (3) by adding at the end the following:
                    ``(ii) Annual adjustments for inflation.--During fiscal
                year 2026, and during each subsequent fiscal year, the
                maximum amount of the fee authorized under clause (i) shall
                be equal to the sum of--

                        ``(I) the maximum amount of the fee authorized
                    under this subparagraph for the most recently concluded
                    fiscal year; and
                        ``(II) the product resulting from the
                    multiplication of the amount referred to in subclause
                    (I) by the percentage (if any) by which the Consumer
                    Price Index for All Urban Consumers for the month of
                    July preceding the date on which such adjustment takes
                    effect exceeds the Consumer Price Index for All Urban
                    Consumers for the same month of the preceding calendar
                    year, rounded to the next lowest multiple of $10.

                    ``(iii) Disposition of temporary protected status
                fees.--All of the fees collected pursuant to this
                subparagraph shall be deposited into the general fund of
                the Treasury.
                    ``(iv) No fee waiver.--Fees required to be paid under
                this subparagraph shall not be waived or reduced.''.
    SEC. 100007. VISA INTEGRITY FEE.
        (a) Visa Integrity Fee.--
            (1) In general.--In addition to any other fee authorized by
        law, the Secretary of Homeland Security shall require the payment
        of a fee, equal to the amount specified in this subsection, by any
        alien issued a nonimmigrant visa at the time of such issuance.
            (2) Initial amount.--For fiscal year 2025, the amount specified
        in this section shall be the greater of--
                (A) $250; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (3) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded down to the nearest dollar.
            (4) Disposition of visa integrity fees.--All of the fees
        collected pursuant to this section that are not reimbursed pursuant
        to subsection (b) shall be deposited into the general fund of the
        Treasury.
            (5) No fee waiver.--Fees required to be paid under this
        subsection shall not be waived or reduced.
        (b) Fee Reimbursement.--The Secretary of Homeland Security may
    provide a reimbursement to an alien of the fee required under
    subsection (a) for the issuance of a nonimmigrant visa after the
    expiration of such nonimmigrant visa's period of validity if such alien
    demonstrates that he or she--
            (1) after admission to the United States pursuant to such
        nonimmigrant visa, complied with all conditions of such
        nonimmigrant visa, including the condition that an alien shall not
        accept unauthorized employment; and
            (2)(A) has not sought to extend his or her period of admission
        during such period of validity and departed the United States not
        later than 5 days after the last day of such period; or
            (B) during such period of validity, was granted an extension of
        such nonimmigrant status or an adjustment to the status of a lawful
        permanent resident.
    SEC. 100008. FORM I-94 FEE.
        (a) Fee Authorized.--In addition to any other fee authorized by
    law, the Secretary of Homeland Security shall require the payment of a
    fee, equal to the amount specified in subsection (b), by any alien who
    submits an application for a Form I-94 Arrival/Departure Record.
        (b) Amount Specified.--
            (1) Initial amount.--For fiscal year 2025, the amount specified
        in this section shall be the greater of--
                (A) $24; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded down to the nearest dollar.
        (c) Disposition of Form I-94 Fees.--During each fiscal year--
            (1) 20 percent of the fees collected pursuant to this section--
                (A) shall be deposited into the Land Border Inspection Fee
            Account in accordance with section 286(q)(2) (8 U.S.C.
            1356(q)(2)); and
                (B) shall be made available to U.S. Customs and Border
            Protection to retain and spend without further appropriation
            for the purpose of processing Form I-94; and
            (2) any amounts not deposited into the Land Border Inspection
        Fee Account pursuant to paragraph (1)(A) shall be deposited in the
        general fund of the Treasury.
        (d) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100009. ANNUAL ASYLUM FEE.
        (a) Fee Authorized.--In addition to any other fee authorized by
    law, for each calendar year that an alien's application for asylum
    remains pending, the Secretary of Homeland Security or the Attorney
    General, as applicable, shall require the payment of a fee, equal to
    the amount specified in subsection (b), by such alien.
        (b) Amount Specified.--
            (1) Initial amount.--For fiscal year 2025, the amount specified
        in this section shall be the greater of--
                (A) $100; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded down to the nearest dollar.
        (c) Disposition of Annual Asylum Fees.--All of the fees collected
    pursuant to this section shall be deposited into the general fund of
    the Treasury.
        (d) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100010. FEE RELATING TO RENEWAL AND EXTENSION OF EMPLOYMENT
    AUTHORIZATION FOR PAROLEES.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security shall require the payment of a fee,
    equal to the amount specified in subsection (b), for any parolee who
    seeks a renewal or extension of employment authorization based on a
    grant of parole. The employment authorization for each alien paroled
    into the United States, or any renewal or extension of such parole,
    shall be valid for a period of 1 year or for the duration of the
    alien's parole, whichever is shorter.
        (b) Amount Specified.--
            (1) Initial amount.--For fiscal year 2025, the amount specified
        in this subsection shall be the greater of--
                (A) $275; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
        (c) Disposition of Fees Relating to Renewal and Extension of
    Employment Authorization for Parolees.--During each fiscal year--
            (1) 25 percent of the fees collected pursuant to this section--
                (A) shall be credited to U.S. Citizenship and Immigration
            Services;
                (B) shall be deposited into the Immigration Examinations
            Fee Account established under section 286(m) (8 U.S.C.
            1356(m)); and
                (C) may be retained and expended by U.S. Citizenship and
            Immigration Services without further appropriation; and
            (2) any amounts collected pursuant to this section that are not
        credited to U.S. Citizenship and Immigration Services pursuant to
        subparagraph (A) shall be deposited into the general fund of the
        Treasury.
        (d) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100011. FEE RELATING TO RENEWAL OR EXTENSION OF EMPLOYMENT
    AUTHORIZATION FOR ASYLUM APPLICANTS.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security shall require the payment of a fee
    of not less than $275 by any alien who has applied for asylum for each
    renewal or extension of employment authorization based on such
    application.
        (b) Termination.--Each initial employment authorization, or renewal
    or extension of such authorization, shall terminate--
            (1) immediately following the denial of an asylum application
        by an asylum officer, unless the case is referred to an immigration
        judge;
            (2) on the date that is 30 days after the date on which an
        immigration judge denies an asylum application, unless the alien
        makes a timely appeal to the Board of Immigration Appeals; or
            (3) immediately following the denial by the Board of
        Immigration Appeals of an appeal of a denial of an asylum
        application.
        (c) Disposition of Fees Relating to Renewal and Extension of
    Employment Authorization for Asylum Applicants.--During each fiscal
    year--
            (1) 25 percent of the fees collected pursuant to this section--
                (A) shall be credited to U.S. Citizenship and Immigration
            Services;
                (B) shall be deposited into the Immigration Examinations
            Fee Account established under section 286(m) (8 U.S.C.
            1356(m)); and
                (C) may be retained and expended by U.S. Citizenship and
            Immigration Services without further appropriation; and
            (2) any amounts collected pursuant to this section that are not
        credited to U.S. Citizenship and Immigration Services pursuant to
        subparagraph (A) shall be deposited into the general fund of the
        Treasury.
        (d) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100012. FEE RELATING TO RENEWAL AND EXTENSION OF EMPLOYMENT
    AUTHORIZATION FOR ALIENS GRANTED TEMPORARY PROTECTED STATUS.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security shall require the payment of a fee,
    equal to the amount specified in subsection (b), by any alien at the
    time such alien seeks a renewal or extension of employment
    authorization based on a grant of temporary protected status. Any
    employment authorization for an alien granted temporary protected
    status, or any renewal or extension of such employment authorization,
    shall be valid for a period of 1 year or for the duration of the
    designation of temporary protected status, whichever is shorter.
        (b) Amount Specified.--
            (1) Initial amount.--For fiscal year 2025, the amount specified
        in this subsection shall be the greater of--
                (A) $275; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
        (c) Disposition of Fees Relating to Renewal and Extension of
    Employment Authorization for Temporary Protected Status Applicants.--
    During each fiscal year--
            (1) 25 percent of the fees collected pursuant to this section--
                (A) shall be credited to U.S. Citizenship and Immigration
            Services;
                (B) shall be deposited into the Immigration Examinations
            Fee Account established under section 286(m) (8 U.S.C.
            1356(m)); and
                (C) may be retained and expended by U.S. Citizenship and
            Immigration Services without further appropriation; and
            (2) any amounts collected pursuant to this section that are not
        credited to U.S. Citizenship and Immigration Services pursuant to
        subparagraph (A) shall be deposited into the general fund of the
        Treasury.
        (d) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100013. FEES RELATING TO APPLICATIONS FOR ADJUSTMENT OF STATUS.
        (a) Fee for Filing an Application to Adjust Status to That of a
    Lawful Permanent Resident.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien who files an
        application with an immigration court to adjust the alien's status
        to that of a lawful permanent resident, or whose application to
        adjust his or her status to that of a lawful permanent resident is
        adjudicated in immigration court. Such fee shall be paid at the
        time such application is filed or before such application is
        adjudicated by the immigration court.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $1,500; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of adjustment of status application fees.--
        During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (b) Fee for Filing Application for Waiver of Grounds of
    Inadmissibility.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien at the time
        such alien files an application with an immigration court for a
        waiver of a ground of inadmissibility, or before such application
        is adjudicated by the immigration court.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $1,050; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of waiver of ground of admissibility
        application fees.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (c) Fee for Filing an Application for Temporary Protected Status.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien at the time
        such alien files an application with an immigration court for
        temporary protected status, or before such application is
        adjudicated by the immigration court.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $500; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of temporary protected status application
        fees.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (d) Fee for Filing an Appeal of a Decision of an Immigration
    Judge.--
            (1) In general.--Except as provided in paragraph (3), the
        Attorney General shall require, in addition to any other fees
        authorized by law, the payment of a fee, equal to the amount
        specified in paragraph (2), by any alien at the time such alien
        files an appeal from a decision of an immigration judge.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $900; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Exception.--The fee required under paragraph (1) shall not
        apply to the appeal of a bond decision.
            (4) Disposition of fees for appealing immigration judge
        decisions.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (e) Fee for Filing an Appeal From a Decision of an Officer of the
    Department of Homeland Security.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien at the time
        such alien files an appeal of a decision of an officer of the
        Department of Homeland Security.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $900; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of fees for appealing department of homeland
        security officer decisions.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (f) Fee for Filing an Appeal From a Decision of an Adjudicating
    Official in a Practitioner Disciplinary Case.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any practitioner at
        the time such practitioner files an appeal from a decision of an
        adjudicating official in a practitioner disciplinary case.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $1,325; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of fees for appealing department of homeland
        security officer decisions.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (g) Fee for Filing a Motion to Reopen or a Motion to Reconsider.--
            (1) In general.--Except as provided in paragraph (3), in
        addition to any other fees authorized by law, the Attorney General
        shall require the payment of a fee, equal to the amount specified
        in paragraph (2), by any alien at the time such alien files a
        motion to reopen or motion to reconsider a decision of an
        immigration judge or the Board of Immigration Appeals.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $900; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Exceptions.--The fee required under paragraph (1) shall not
        apply to--
                (A) a motion to reopen a removal order entered in absentia
            if such motion is filed in accordance with section
            240(b)(5)(C)(ii) (8 U.S.C. 1229a(b)(5)(C)(ii)); or
                (B) a motion to reopen a deportation order entered in
            absentia if such motion is filed in accordance with section
            242B(c)(3)(B) prior to April 1, 1997.
            (4) Disposition of fees for filing certain motions.--During
        each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (h) Fee for Filing Application for Suspension of Deportation.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien at the time
        such alien files an application with an immigration court for
        suspension of deportation.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $600; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of fees for filing application for suspension
        of deportation.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (i) Fee for Filing Application for Cancellation of Removal for
    Certain Permanent Residents.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien at the time
        such alien files an application with an immigration court an
        application for cancellation of removal for an alien who is a
        lawful permanent resident.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $600; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of fees for filing application for cancellation
        of removal.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (j) Fee for Filing an Application for Cancellation of Removal and
    Adjustment of Status for Certain Nonpermanent Residents.--
            (1) In general.--In addition to any other fees authorized by
        law, the Attorney General shall require the payment of a fee, equal
        to the amount specified in paragraph (2), by any alien who is not a
        lawful permanent resident at the time such alien files an
        application with an immigration court for cancellation of removal
        and adjustment of status for any alien.
            (2) Amount specified.--
                (A) Initial amount.--For fiscal year 2025, the amount
            specified in this paragraph shall be the greater of--
                    (i) $1,500; or
                    (ii) such amount as the Attorney General may establish,
                by rule.
                (B) Annual adjustments for inflation.--During fiscal year
            2026, and during each subsequent fiscal year, the amount
            specified in this paragraph shall be equal to the sum of--
                    (i) the amount of the fee required under this
                subsection for the most recently concluded fiscal year; and
                    (ii) the product resulting from the multiplication of
                the amount referred to in clause (i) by the percentage (if
                any) by which the Consumer Price Index for All Urban
                Consumers for the month of July preceding the date on which
                such adjustment takes effect exceeds the Consumer Price
                Index for All Urban Consumers for the same month of the
                preceding calendar year, rounded to the next lowest
                multiple of $10.
            (3) Disposition of fees for filing application for cancellation
        of removal.--During each fiscal year--
                (A) not more than 25 percent of the fees collected pursuant
            to this subsection--
                    (i) shall be derived by transfer from the Immigration
                Examinations Fee Account under section 286(n) (8 U.S.C.
                1356(n)); and
                    (ii) shall be credited to the Executive Office for
                Immigration Review to retain and spend without further
                appropriation; and
                (B) any amounts not derived by transfer and credited
            pursuant to subparagraph (A) shall be deposited into the
            general fund of the Treasury.
        (k) Limitation on Use of Funds.--No fees collected pursuant to this
    section may be expended by the Executive Office for Immigration Review
    for the Legal Orientation Program, or for any successor program.
    SEC. 100014. ELECTRONIC SYSTEM FOR TRAVEL AUTHORIZATION FEE.
        Section 217(h)(3)(B) (8 U.S.C. 1187(h)(3)(B)) is amended--
            (1) in clause (i)--
                (A) in subclause (I), by striking ``and'' at the end;
                (B) in subclause (II)--
                    (i) by inserting ``of not less than $10'' after ``an
                amount''; and
                    (ii) by striking the period at the end and inserting
                ``; and''; and
                (C) by adding at the end the following:

                        ``(III) not less than $13 per travel
                    authorization.'';

            (2) in clause (iii), by striking ``October 31, 2028'' and
        inserting ``October 31, 2034''; and
            (3) by adding at the end the following:
                    ``(iv) Subsequent adjustment.--During fiscal year 2026
                and each subsequent fiscal year, the amount specified in
                clause (i)(II) for a fiscal year shall be equal to the sum
                of--

                        ``(I) the amount of the fee required under this
                    subparagraph during the most recently concluded fiscal
                    year; and
                        ``(II) the product of the amount referred to in
                    subclause (I) multiplied by the percentage (if any) by
                    which the Consumer Price Index for All Urban Consumers
                    for the month of July preceding the date on which such
                    adjustment takes effect exceeds the Consumer Price
                    Index for All Urban Consumers for the same month of the
                    preceding calendar year.''.

    SEC. 100015. ELECTRONIC VISA UPDATE SYSTEM FEE.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security shall require the payment of a fee,
    in the amount specified in subsection (b), by any alien subject to the
    Electronic Visa Update System at the time of such alien's enrollment in
    such system.
        (b) Amount Specified.--
            (1) In general.--For fiscal year 2025, the amount specified in
        this subsection shall be the greater of--
                (A) $30; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026
        and each subsequent fiscal year, the amount specified in this
        subsection shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            during the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $0.25.
        (c) Disposition of Electronic Visa Update System Fees.--
            (1) In general.--Section 286 (8 U.S.C. 1356) is amended by
        adding at the end the following:
        ``(w) CBP Electronic Visa Update System Account.--
            ``(1) Establishment.--There is established in the general fund
        of the Treasury a separate account, which shall be known as the
        `CBP Electronic Visa Update System Account' (referred to in this
        subsection as the `Account').
            ``(2) Deposits.--There shall be deposited into the Account an
        amount equal to the difference between--
                ``(A) all of the fees received pursuant to section 100015
            of the Act entitled `An Act to provide for reconciliation
            pursuant to title II of H. Con. Res. 14' (119th Congress); and
                ``(B) an amount equal to $5 multiplied by the number of
            payments collected pursuant to such section.
            ``(3) Appropriation.--Amounts deposited in the Account--
                ``(A) are hereby appropriated to make payments and offset
            program costs in accordance with section 100015 of the Act
            entitled `An Act to provide for reconciliation pursuant to
            title II of H. Con. Res. 14' (119th Congress), without further
            appropriation; and
                ``(B) shall remain available until expended for any U.S.
            Customs and Border Protection costs associated with
            administering the CBP Electronic Visa Update System.''.
            (2) Remaining fees.--Of the fees collected pursuant to this
        section, an amount equal to $5 multiplied by the number of payments
        collected pursuant to this section shall be deposited to the
        general fund of the Treasury.
        (d) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100016. FEE FOR ALIENS ORDERED REMOVED IN ABSENTIA.
        (a) In General.--As partial reimbursement for the cost of arresting
    an alien described in this section, the Secretary of Homeland Security,
    except as provided in subsection (c), shall require the payment of a
    fee, equal to the amount specified in subsection (b) on any alien who--
            (1) is ordered removed in absentia pursuant to section
        240(b)(5) (8 U.S.C. 1229a(b)(5)); and
            (2) is subsequently arrested by U.S. Immigration and Customs
        Enforcement.
        (b) Amount Specified.--
            (1) Initial amount.--For fiscal year 2025, the amount specified
        in this section shall be the greater of--
                (A) $5,000; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
        (c) Exception.--The fee described in this section shall not apply
    to any alien who was ordered removed in absentia if such order was
    rescinded pursuant to section 240(b)(5)(C) (8 U.S.C. 1229a(b)(5)(C)).
        (d) Disposition of Removal in Absentia Fees.--During each fiscal
    year--
            (1) 50 percent of the fees collected pursuant to this section--
                (A) shall be credited to U.S. Immigration and Customs
            Enforcement;
                (B) shall be deposited into the Detention and Removal
            Office Fee Account; and
                (C) may be retained and expended by U.S. Immigration and
            Customs Enforcement without further appropriation; and
            (2) any amounts collected pursuant to this section that are not
        credited to U.S. Immigration and Customs Enforcement pursuant to
        paragraph (1) shall be deposited into the general fund of the
        Treasury.
        (e) No Fee Waiver.--Fees required to be paid under this section
    shall not be waived or reduced.
    SEC. 100017. INADMISSIBLE ALIEN APPREHENSION FEE.
        (a) In General.--In addition to any other fee authorized by law,
    the Secretary of Homeland Security shall require the payment of a fee,
    equal to the amount specified in subsection (b), by any inadmissible
    alien at the time such alien is apprehended between ports of entry.
        (b) Amount Specified.--
            (1) Initial amount.--For fiscal year 2025, the amount specified
        in this section shall be the greater of--
                (A) $5,000; or
                (B) such amount as the Secretary of Homeland Security may
            establish, by rule.
            (2) Annual adjustments for inflation.--During fiscal year 2026,
        and during each subsequent fiscal year, the amount specified in
        this section shall be equal to the sum of--
                (A) the amount of the fee required under this subsection
            for the most recently concluded fiscal year; and
                (B) the product resulting from the multiplication of the
            amount referred to in subparagraph (A) by the percentage (if
            any) by which the Consumer Price Index for All Urban Consumers
            for the month of July preceding the date on which such
            adjustment takes effect exceeds the Consumer Price Index for
            All Urban Consumers for the same month of the preceding
            calendar year, rounded to the next lowest multiple of $10.
        (c) Disposition of Inadmissible Alien Apprehension Fees.--During
    each fiscal year--
            (1) 50 percent of the fees collected pursuant to this section--
                (A) shall be credited to U.S. Immigration and Customs
            Enforcement;
                (B) shall be deposited into the Detention and Removal
            Office Fee Account; and
                (C) may be retained and expended by U.S. Immigration and
            Customs Enforcement without further appropriation; and
            (2) any amounts collected pursuant to this section that are not
        credited to U.S. Immigration and Customs Enforcement pursuant to
        paragraph (1) shall be deposited into the general fund of the
        Treasury.
        (d) Disposition of Inadmissible Alien Apprehension Fees.--All of
    the fees collected pursuant to this section shall be deposited into the
    general fund of the Treasury.
    SEC. 100018. AMENDMENT TO AUTHORITY TO APPLY FOR ASYLUM.
        Section 208(d)(3) (8 U.S.C. 1158(d)(3)) is amended--
            (1) in the first sentence, by striking ``may'' and inserting
        ``shall'';
            (2) by striking ``Such fees shall not exceed'' and all that
        follows and inserting the following: ``Nothing in this paragraph
        may be construed to limit the authority of the Attorney General to
        set additional adjudication and naturalization fees in accordance
        with section 286(m).''.

                PART II--IMMIGRATION AND LAW ENFORCEMENT FUNDING

    SEC. 100051. APPROPRIATION FOR THE DEPARTMENT OF HOMELAND SECURITY.
        In addition to amounts otherwise available, there is appropriated
    to the Secretary of Homeland Security for fiscal year 2025, out of any
    money in the Treasury not otherwise appropriated, $2,055,000,000, to
    remain available through September 30, 2029, for the following
    purposes:
            (1) Immigration and enforcement activities.--Hiring and
        training of additional U.S. Customs and Border Protection agents,
        and the necessary support staff, to carry out immigration
        enforcement activities.
            (2) Departures and removals.--Funding for transportation costs
        and related costs associated with the departure or removal of
        aliens.
            (3) Personnel assignments.--Funding for the assignment of
        Department of Homeland Security employees and State officers to
        carry out immigration enforcement activities pursuant to sections
        103(a) and 287(g) of the Immigration and Nationality Act (8 U.S.C.
        1103(a) and 1357(g)).
            (4) Background checks.--Hiring additional staff and investing
        the necessary resources to enhance screening and vetting of all
        aliens seeking entry into United States, consistent with section
        212 of such Act (8 U.S.C. 1182), or intending to remain in the
        United States, consistent with section 237 of such Act (8 U.S.C.
        1227).
            (5) Protecting alien children from exploitation.--In instances
        of aliens and alien children entering the United States without a
        valid visa, funding is provided for the purposes of--
                (A) collecting fingerprints, in accordance with section 262
            of the Immigration and Nationality Act (8 U.S.C. 1302) and
            subsections (a)(3) and (b) of section 235 of such Act (8 U.S.C.
            1225); and
                (B) collecting DNA, in accordance with sections 235(d) and
            287(b) of the Immigration and Nationality Act (8 U.S.C. 1225(d)
            and 1357(b)).
            (6) Transporting and return of aliens from contiguous
        territory.--Transporting and facilitating the return, pursuant to
        section 235(b)(2)(C) of the Immigration and Nationality Act (8
        U.S.C. 1225(b)(2)(C)), of aliens arriving from contiguous
        territory.
            (7) State and local participation.--Funding for State and local
        participation in homeland security efforts for purposes of--
                (A) ending the presence of criminal gangs and criminal
            organizations throughout the United States;
                (B) addressing crime and public safety threats;
                (C) combating human smuggling and trafficking networks
            throughout the United States;
                (D) supporting immigration enforcement activities; and
                (E) providing reimbursement for State and local
            participation in such efforts.
            (8) Removal of specified unaccompanied alien children.--
                (A) In general.--Funding removal operations for specified
            unaccompanied alien children.
                (B) Use of funds.--Amounts made available under this
            paragraph shall only be used for permitting a specified
            unaccompanied alien child to withdraw the application for
            admission of the child pursuant to section 235(a)(4) of the
            Immigration and Nationality Act (8 U.S.C. 1225(a)(4)).
                (C) Definitions.--In this paragraph:
                    (i) Specified unaccompanied alien child.--The term
                ``specified unaccompanied alien child'' means an
                unaccompanied alien child (as defined in section 462(g) of
                the Homeland Security Act of 2002 (6 U.S.C. 279(g))) who
                the Secretary of Homeland Security determines on a case-by-
                case basis--

                        (I) has been found by an immigration officer at a
                    land border or port of entry of the United States and
                    is inadmissible under the Immigration and Nationality
                    Act (8 U.S.C. 1101 et seq.);
                        (II) has not been a victim of severe forms of
                    trafficking in persons, and there is no credible
                    evidence that such child is at risk of being trafficked
                    upon return of the child to the child's country of
                    nationality or country of last habitual residence; and
                        (III) does not have a fear of returning to the
                    child's country of nationality or country of last
                    habitual residence owing to a credible fear of
                    persecution.

                    (ii) Severe forms of trafficking in persons.--The term
                ``severe forms of trafficking in persons'' has the meaning
                given such term in section 103 of the Trafficking Victims
                Protection Act of 2000 (22 U.S.C. 7102).
            (9) Expedited removal of criminal aliens.--Funding for the
        expedited removal of criminal aliens, in accordance with the
        provisions of section 235(b)(1) of the Immigration and Nationality
        Act (8 U.S.C. 1225(b)(1)).
            (10) Removal of certain criminal aliens without further
        hearings.--Funding for the removal of certain criminal aliens
        without further hearings, in accordance with the provisions of
        section 235(c) of the Immigration and Nationality Act (8 U.S.C.
        1225(c)).
            (11) Criminal and gang checks for unaccompanied alien
        children.--Funding for criminal and gang checks of unaccompanied
        alien children (as defined in section 462(g) of the Homeland
        Security Act of 2002 (6 U.S.C. 279(g))) who are 12 years of age and
        older, including the examination of such unaccompanied alien
        children for gang-related tattoos and other gang-related markings.
            (12) Information technology.--Information technology
        investments to support immigration purposes, including improvements
        to fee and revenue collections.
    SEC. 100052. APPROPRIATION FOR U.S. IMMIGRATION AND CUSTOMS
    ENFORCEMENT.
        In addition to amounts otherwise available, there is appropriated
    to the Secretary of Homeland Security for U.S. Immigration and Customs
    Enforcement for fiscal year 2025, out of any money in the Treasury not
    otherwise appropriated, $29,850,000,000, to remain available through
    September 30, 2029, for the following purposes:
            (1) Hiring and training.--Hiring and training additional U.S.
        Immigration and Customs Enforcement personnel, including officers,
        agents, investigators, and support staff, to carry out immigration
        enforcement activities and prioritizing and streamlining the hiring
        of retired U.S. Immigration and Customs Enforcement personnel.
            (2) Performance, retention, and signing bonuses.--
                (A) In general.--Providing performance, retention, and
            signing bonuses for qualified U.S. Immigration and Customs
            Enforcement personnel in accordance with this subsection.
                (B) Performance bonuses.--The Director of U.S. Immigration
            and Customs Enforcement, at the Director's discretion, may
            provide performance bonuses to any U.S. Immigration and Customs
            Enforcement agent, officer, or attorney who demonstrates
            exemplary service.
                (C) Retention bonuses.--The Director of U.S. Immigration
            and Customs Enforcement may provide retention bonuses to any
            U.S. Immigration and Customs Enforcement agent, officer, or
            attorney who commits to 2 years of additional service with U.S.
            Immigration and Customs Enforcement to carry out immigration
            enforcement activities.
                (D) Signing bonuses.--The Director of U.S. Immigration and
            Customs Enforcement may provide a signing bonus to any U.S.
            Immigration and Customs Enforcement agent, officer, or attorney
            who--
                    (i) is hired on or after the date of the enactment of
                this Act; and
                    (ii) who commits to 5 years of service with U.S.
                Immigration and Customs Enforcement to carry out
                immigration enforcement activities.
                (E) Service agreement.--In providing a retention or signing
            bonus under this paragraph, the Director of U.S. Immigration
            and Customs Enforcement shall provide each qualifying
            individual with a written service agreement that includes--
                    (i) the commencement and termination dates of the
                required service period (or provisions for the
                determination of such dates);
                    (ii) the amount of the bonus; and
                    (iii) any other term or condition under which the bonus
                is payable, subject to the requirements of this paragraph,
                including--

                        (I) the conditions under which the agreement may be
                    terminated before the agreed-upon service period has
                    been completed; and
                        (II) the effect of a termination described in
                    subclause (I).

            (3) Recruitment, hiring, and onboarding.--Facilitating the
        recruitment, hiring, and onboarding of additional U.S. Immigration
        and Customs Enforcement personnel to carry out immigration
        enforcement activities, including by--
                (A) investing in information technology, recruitment, and
            marketing; and
                (B) hiring staff necessary to carry out information
            technology, recruitment, and marketing activities.
            (4) Transportation.--Funding for transportation costs and
        related costs associated with alien departure or removal
        operations.
            (5) Information technology.--Funding for information technology
        investments to support enforcement and removal operations,
        including improvements to fee collections.
            (6) Facility upgrades.--Funding for facility upgrades to
        support enforcement and removal operations.
            (7) Fleet modernization.--Funding for fleet modernization to
        support enforcement and removal operations.
            (8) Family unity.--Promoting family unity by--
                (A) maintaining the care and custody, during the period in
            which a charge described in clause (i) is pending, in
            accordance with applicable laws, of an alien who--
                    (i) is charged only with a misdemeanor offense under
                section 275(a) of the Immigration and Nationality Act (8
                U.S.C. 1325(a)); and
                    (ii) entered the United States with the alien's child
                who has not attained 18 years of age; and
                (B) detaining such an alien with the alien's child.
            (9) 287(g) agreements.--Expanding, facilitating, and
        implementing agreements under section 287(g) of the Immigration and
        Nationality Act (8 U.S.C. 1357(g)).
            (10) Victims of immigration crime engagement office.--Hiring
        and training additional staff to carry out the mission of the
        Victims of Immigration Crime Engagement Office and for providing
        nonfinancial assistance to the victims of crimes perpetrated by
        aliens who are present in the United States without authorization.
            (11) Office of the principal legal advisor.--Hiring additional
        attorneys and the necessary support staff within the Office of the
        Principal Legal Advisor to represent the Department of Homeland
        Security in immigration enforcement and removal proceedings.
    SEC. 100053. APPROPRIATION FOR FEDERAL LAW ENFORCEMENT TRAINING
    CENTERS.
        (a) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Secretary of Homeland Security for the
    Federal Law Enforcement Training Centers for fiscal year 2025, out of
    any money in the Treasury not otherwise appropriated, $750,000,000, to
    remain available until September 30, 2029, for the purposes described
    in subsections (b) and (c).
        (b) Training.--Not less than $285,000,000 of the amounts available
    under subsection (a) shall be for supporting the training of newly
    hired Federal law enforcement personnel employed by the Department of
    Homeland Security and State and local law enforcement agencies
    operating in support of the Department of Homeland Security.
        (c) Facilities.--Not more than $465,000,000 of the amounts
    available under subsection (a) shall be for procurement, construction
    and maintenance of, improvements to, training equipment for, and
    related expenses, of facilities of the Federal Law Enforcement Training
    Centers.
    SEC. 100054. APPROPRIATION FOR THE DEPARTMENT OF JUSTICE.
        In addition to amounts otherwise available, there is appropriated
    to the Attorney General for the Department of Justice for fiscal year
    2025, out of any money in the Treasury not otherwise appropriated,
    $3,330,000,000, to remain available through September 30, 2029, for the
    following purposes:
            (1) Executive office for immigration review.--
                (A) In general.--Hiring immigration judges and necessary
            support staff for the Executive Office for Immigration Review
            to address the backlog of petitions, cases, and removals.
                (B) Staffing level.--Effective November 1, 2028, the
            Executive Office for Immigration Review shall be comprised of
            not more than 800 immigration judges, along with the necessary
            support staff.
            (2) Combating drug trafficking.--Funding efforts to combat drug
        trafficking (including trafficking of fentanyl and its precursor
        chemicals) and illegal drug use.
            (3) Prosecution of immigration matters.--Funding efforts to
        investigate and prosecute immigration matters, gang-related crimes
        involving aliens, child trafficking and smuggling involving aliens
        within the United States, unlawful voting by aliens, violations of
        the Alien Registration Act, 1940 (54 Stat., chapter 439), and
        violations of or fraud relating to title IV of the Personal
        Responsibility and Work Opportunity Act of 1996 (Public Law 104-
        193; 110 Stat. 2277), including hiring additional Department of
        Justice personnel to investigate and prosecute such matters.
            (4) Nonparty or other injunctive relief.--Hiring additional
        attorneys and necessary support staff for the purpose of continuing
        implementation of assignments by the Attorney General pursuant to
        sections 516, 517, and 518 of title 28, United States Code, to
        conduct litigation and attend to the interests of the United States
        in suits pending in a court of the United States or in a court of a
        State in suits seeking nonparty or other injunctive relief against
        the Federal Government.
            (5) Edward byrne memorial justice assistance grant program and
        office of community oriented policing.--
                (A) In general.--Increasing funding for the Edward Byrne
            Memorial Justice Assistance Grant Program and the Office of
            Community Oriented Policing for initiatives associated with--
                    (i) investigating and prosecuting violent crime;
                    (ii) criminal enforcement initiatives; and
                    (iii) immigration enforcement and removal efforts.
                (B) Limitations.--No funds made available under this
            subsection shall be made available to community violence
            intervention and prevention initiative programs.
                (C) Eligibility.--To be eligible to receive funds made
            available under this subsection, a State or local government
            shall be in full compliance, as determined by the Attorney
            General, with section 642 of the Illegal Immigration Reform and
            Immigrant Responsibility Act of 1996 (8 U.S.C. 1373).
            (6) Fiscally responsible lawsuit settlements.--Hiring
        additional attorneys and necessary support staff for the purpose of
        maximizing lawsuit settlements that require the payment of fines
        and penalties to the Treasury of the United States in lieu of
        providing for the payment to any person or entity other than the
        United States, other than a payment that provides restitution or
        otherwise directly remedies actual harm directly and proximately
        caused by the party making the payment, or constitutes payment for
        services rendered in connection with the case.
            (7) Compensation for incarceration of criminal aliens.--
                (A) In general.--Providing compensation to a State or
            political subdivision of a State for the incarceration of
            criminal aliens.
                (B) Use of funds.--The amounts made available under
            subparagraph (A) shall only be used to compensate a State or
            political subdivision of a State, as appropriate, with respect
            to the incarceration of an alien who--
                    (i) has been convicted of a felony or 2 or more
                misdemeanors; and
                    (ii)(I) entered the United States without inspection or
                at any time or place other than as designated by the
                Secretary of Homeland Security;
                    (II) was the subject of removal proceedings at the time
                the alien was taken into custody by the State or a
                political subdivision of the State; or
                    (III) was admitted as a nonimmigrant and, at the time
                the alien was taken into custody by the State or a
                political subdivision of the State, has failed to maintain
                the nonimmigrant status in which the alien was admitted, or
                to which it was changed, or to comply with the conditions
                of any such status.
                (C) Limitation.--Amounts made available under this
            subsection shall be distributed to more than 1 State. The
            amounts made available under subparagraph (A) may not be used
            to compensate any State or political subdivision of a State if
            the State or political subdivision of the State prohibits or in
            any way restricts a Federal, State, or local government entity,
            official, or other personnel from doing any of the following:
                    (i) Complying with the immigration laws (as defined in
                section 101(a)(17) of the Immigration and Nationality Act
                (8 U.S.C. 1101(a)(17))).
                    (ii) Assisting or cooperating with Federal law
                enforcement entities, officials, or other personnel
                regarding the enforcement of the immigration laws.
                    (iii) Undertaking any of the following law enforcement
                activities as such activities relate to information
                regarding the citizenship or immigration status, lawful or
                unlawful, the inadmissibility or deportability, and the
                custody status, of any individual:

                        (I) Making inquiries to any individual to obtain
                    such information regarding such individual or any other
                    individuals.
                        (II) Notifying the Federal Government regarding the
                    presence of individuals who are encountered by law
                    enforcement officials or other personnel of a State or
                    political subdivision of a State.
                        (III) Complying with requests for such information
                    from Federal law enforcement entities, officials, or
                    other personnel.

    SEC. 100055. BRIDGING IMMIGRATION-RELATED DEFICITS EXPERIENCED
    NATIONWIDE REIMBURSEMENT FUND.
        (a) Establishment.--There is established within the Department of
    Justice a fund, to be known as the ``Bridging Immigration-related
    Deficits Experienced Nationwide (BIDEN) Reimbursement Fund'' (referred
    to in this section as the ``Fund'').
        (b) Use of Funds.--The Attorney General shall use amounts
    appropriated or otherwise made available for the Fund for grants to
    eligible States, State agencies, and units of local government,
    pursuant to their existing statutory authorities, for any of the
    following purposes:
            (1) Locating and apprehending aliens who have committed a crime
        under Federal, State, or local law, in addition to being unlawfully
        present in the United States.
            (2) Collection and analysis of law enforcement investigative
        information within the United States to counter gang or other
        criminal activity.
            (3) Investigating and prosecuting--
                (A) crimes committed by aliens within the United States;
            and
                (B) drug and human trafficking crimes committed within the
            United States.
            (4) Court operations related to the prosecution of--
                (A) crimes committed by aliens; and
                (B) drug and human trafficking crimes.
            (5) Temporary criminal detention of aliens.
            (6) Transporting aliens described in paragraph (1) within the
        United States to locations related to the apprehension, detention,
        and prosecution of such aliens.
            (7) Vehicle maintenance, logistics, transportation, and other
        support provided to law enforcement agencies by a State agency to
        enhance the ability to locate and apprehend aliens who have
        committed crimes under Federal, State, or local law, in addition to
        being unlawfully present in the United States.
        (c) Appropriation.--In addition to amounts otherwise available for
    the purposes described in subsection (b), there is appropriated to the
    Attorney General for fiscal year 2025, out of any money in the Treasury
    not otherwise appropriated, not to exceed $3,500,000,000, to remain
    available until September 30, 2028, for the Fund for qualified and
    documented expenses that achieve any such purpose.
        (d) Grant Eligibility of Completed, Ongoing, or New Activities.--
    The Attorney General may provide grants under this section to State
    agencies and units of local government for expenditures made by State
    agencies or units of local government for completed, ongoing, or new
    activities determined to be eligible for such grant funding that
    occurred on or after January 20, 2021. Amounts made available under
    this section shall be distributed to more than 1 State.
    SEC. 100056. APPROPRIATION FOR THE BUREAU OF PRISONS.
        (a) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Director of the Bureau of Prisons for
    fiscal year 2025, out of any money in the Treasury not otherwise
    appropriated, $5,000,000,000, to remain available through September 30,
    2029, for the purposes described in subsections (b) and (c).
        (b) Salaries and Benefits.--Not less than $3,000,000,000 of the
    amounts made available under subsection (a) shall be for hiring and
    training of new employees, including correctional officers, medical
    professionals, and facilities and maintenance employees, the necessary
    support staff, and for additional funding for salaries and benefits for
    the current workforce of the Bureau of Prisons.
        (c) Facilities.--Not more than $2,000,000,000 of the amounts made
    available under subsection (a) shall be for addressing maintenance and
    repairs to facilities maintained or operated by the Bureau of Prisons.
    SEC. 100057. APPROPRIATION FOR THE UNITED STATES SECRET SERVICE.
        (a) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Director of the United States Secret
    Service (referred to in this section as the ``Director'') for fiscal
    year 2025, out of any money in the Treasury not otherwise appropriated,
    $1,170,000,000, to remain available through September 30, 2029, for the
    purposes described in subsection (b).
        (b) Use of Funds.--Amounts made available under subsection (a) may
    only be used for--
            (1) additional United States Secret Service resources,
        including personnel, training facilities, programming, and
        technology; and
            (2) performance, retention, and signing bonuses for qualified
        United States Secret Service personnel in accordance with
        subsection (c).
        (c) Performance, Retention, and Signing Bonuses.--
            (1) Performance bonuses.--The Director, at the Director's
        discretion, may provide performance bonuses to any Secret Service
        agent, officer, or analyst who demonstrates exemplary service.
            (2) Retention bonuses.--The Director may provide retention
        bonuses to any Secret Service agent, officer, or analyst who
        commits to 2 years of additional service with the Secret Service.
            (3) Signing bonuses.--The Director may provide a signing bonus
        to any Secret Service agent, officer, or analyst who--
                (A) is hired on or after the date of the enactment of this
            Act; and
                (B) commits to 5 years of service with the United States
            Secret Service.
            (4) Service agreement.--In providing a retention or signing
        bonus under this subsection, the Director shall provide each
        qualifying individual with a written service agreement that
        includes--
                (A) the commencement and termination dates of the required
            service period (or provisions for the determination of such
            dates);
                (B) the amount of the bonus; and
                (C) any other term or condition under which the bonus is
            payable, subject to the requirements under this subsection,
            including--
                    (i) the conditions under which the agreement may be
                terminated before the agreed-upon service period has been
                completed; and
                    (ii) the effect of a termination described in clause
                (i).

                         Subtitle B--Judiciary Matters

    SEC. 100101. APPROPRIATION TO THE ADMINISTRATIVE OFFICE OF THE UNITED
    STATES COURTS.
        In addition to amounts otherwise available, there is appropriated
    to the Director of the Administrative Office of the United States
    Courts, out of amounts in the Treasury not otherwise appropriated,
    $1,250,000 for each of fiscal years 2025 through 2028, for the purpose
    of continuing analyses and reporting pursuant to section 604(a)(2) of
    title 28, United States Code, to examine the state of the dockets of
    the courts and to prepare and transmit statistical data and reports as
    to the business of the courts, including an assessment of the number,
    frequency, and related metrics of judicial orders issuing non-party
    relief against the Federal Government and their aggregate cost impact
    on the taxpayers of the United States, as determined by each court when
    imposing securities for the issuance of preliminary injunctions or
    temporary restraining orders against the Federal Government pursuant to
    rule 65(c) of the Federal Rules of Civil Procedure.
    SEC. 100102. APPROPRIATION TO THE FEDERAL JUDICIAL CENTER.
        (a) Appropriation.--In addition to amounts otherwise available,
    there is appropriated to the Director of the Federal Judicial Center,
    out of amounts in the Treasury not otherwise appropriated, $1,000,000
    for each of fiscal years 2025 through 2028, for the purpose described
    in subsection (b).
        (b) Use of Funds.--The Federal Judicial Center shall use the
    amounts appropriated under subsection (a) for the continued
    implementation of programs pursuant to section 620(b)(3) of title 28,
    United States Code, to stimulate, create, develop, and conduct programs
    of continuing education and training for personnel of the judicial
    branch, including training on the absence of constitutional and
    statutory authority supporting legal claims that seek non-party relief
    against the Federal Government, and strategic approaches for mitigating
    the aggregate cost impact of such legal claims on the taxpayers of the
    United States.

              Subtitle C--Radiation Exposure Compensation Matters

    SEC. 100201. EXTENSION OF FUND.
        Section 3(d) of the Radiation Exposure Compensation Act (Public Law
    101-426; 42 U.S.C. 2210 note) is amended--
            (1) by striking the first sentence and inserting ``The Fund
        shall terminate on December 31, 2028.''; and
            (2) by striking ``the end of that 2-year period'' and inserting
        ``such date''.
    SEC. 100202. CLAIMS RELATING TO ATMOSPHERIC TESTING.
        (a) Leukemia Claims Relating to Trinity Test in New Mexico and
    Tests at the Nevada Site.--Section 4(a)(1)(A) of the Radiation Exposure
    Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is amended--
            (1) in clause (i)--
                (A) in subclause (I), by striking ``October 31, 1958'' and
            inserting ``November 6, 1962'';
                (B) in subclause (II)--
                    (i) by striking ``in the affected area'' and inserting
                ``in an affected area''; and
                    (ii) by striking ``or'' after the semicolon;
                (C) by redesignating subclause (III) as subclause (IV); and
                (D) by inserting after subclause (II) the following:

                        ``(III) was physically present in an affected area
                    for a period of at least 1 year during the period
                    beginning on September 24, 1944, and ending on November
                    6, 1962; or''; and

            (2) in clause (ii)(I), by striking ``physical presence
        described in subclause (I) or (II) of clause (i) or onsite
        participation described in clause (i)(III)'' and inserting
        ``physical presence described in subclause (I), (II), or (III) of
        clause (i) or onsite participation described in clause (i)(IV)''.
        (b) Amounts for Claims Related to Leukemia.--Section 4(a)(1) of the
    Radiation Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210
    note) is amended--
            (1) in subparagraph (A), by striking ``an amount'' and
        inserting ``the amount'';
            (2) by striking subparagraph (B) and inserting the following:
                ``(B) Amount.--If the conditions described in subparagraph
            (C) are met, an individual who is described in subparagraph (A)
            shall receive $100,000.''; and
            (3) in subparagraph (C), by adding at the end the following:
                    ``(iv) No payment under this paragraph previously has
                been made to the individual, on behalf of the individual,
                or to a survivor of the individual.''.
        (c) Conditions for Claims Related to Leukemia.--Section 4(a)(1)(C)
    of the Radiation Exposure Compensation Act (Public Law 101-426; 42
    U.S.C. 2210 note) is amended--
            (1) by striking clause (i); and
            (2) by redesignating clauses (ii) and (iii) as clauses (i) and
        (ii), respectively.
        (d) Specified Diseases Claims Relating to Trinity Test in New
    Mexico and Tests at the Nevada Site.--Section 4(a)(2) of the Radiation
    Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is
    amended--
            (1) in subparagraph (A)--
                (A) by striking ``in the affected area'' and inserting ``in
            an affected area'';
                (B) by striking ``2 years'' and inserting ``1 year''; and
                (C) by striking ``October 31, 1958,'' and inserting
            ``November 6, 1962;'';
            (2) in subparagraph (B)--
                (A) by striking ``in the affected area'' and inserting ``in
            an affected area''; and
                (B) by striking ``, or'' at the end and inserting a
            semicolon;
            (3) by redesignating subparagraph (C) as subparagraph (D); and
            (4) by inserting after subparagraph (B) the following:
                ``(C) was physically present in an affected area for a
            period of at least 1 year during the period beginning on
            September 24, 1944, and ending on November 6, 1962; or''.
        (e) Amounts for Claims Related to Specified Diseases.--Section
    4(a)(2) of the Radiation Exposure Compensation Act (Public Law 101-426;
    42 U.S.C. 2210 note) is amended in the matter following subparagraph
    (D) (as redesignated by subsection (d) of this section)--
            (1) by striking ``$50,000 (in the case of an individual
        described in subparagraph (A) or (B)) or $75,000 (in the case of an
        individual described in subparagraph (C)),'' and inserting
        ``$100,000'';
            (2) in clause (i), by striking ``, and'' and inserting a
        semicolon;
            (3) in clause (ii), by striking the period at the end and
        inserting ``; and''; and
            (4) by adding at the end the following:
                    ``(iii) no payment under this paragraph previously has
                been made to the individual, on behalf of the individual,
                or to a survivor of the individual.''.
        (f) Downwind States.--Section 4(b)(1) of the Radiation Exposure
    Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is amended
    to read as follows:
            ``(1) `affected area' means--
                ``(A) except as provided under subparagraph (B)--
                    ``(i) the States of New Mexico, Utah, and Idaho;
                    ``(ii) in the State of Nevada, the counties of White
                Pine, Nye, Lander, Lincoln, Eureka, and that portion of
                Clark County that consists of townships 13 through 16 at
                ranges 63 through 71; and
                    ``(iii) in the State of Arizona, the counties of
                Coconino, Yavapai, Navajo, Apache, and Gila, and Mohave;
                and
                ``(B) with respect to a claim by an individual under
            subsection (a)(1)(A)(i)(III) or subsection (a)(2)(C), only New
            Mexico; and''.
    SEC. 100203. CLAIMS RELATING TO URANIUM MINING.
        (a) Employees of Mines and Mills.--Section 5(a)(1)(A)(i) of the
    Radiation Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210
    note) is amended to read as follows:
                    ``(i)(I) was employed in a uranium mine or uranium mill
                (including any individual who was employed in the transport
                of uranium ore or vanadium-uranium ore from such mine or
                mill) located in Colorado, New Mexico, Arizona, Wyoming,
                South Dakota, Washington, Utah, Idaho, North Dakota,
                Oregon, or Texas at any time during the period beginning on
                January 1, 1942, and ending on December 31, 1990; or
                    ``(II) was employed as a core driller in a State
                referred to in subclause (I) during the period described in
                such subclause; and''.
        (b) Miners.--Section 5(a)(1)(A)(ii)(I) of the Radiation Exposure
    Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is amended
    by inserting ``or renal cancer or any other chronic renal disease,
    including nephritis and kidney tubal tissue injury'' after
    ``nonmalignant respiratory disease''.
        (c) Millers, Core Drillers, and Ore Transporters.--Section
    5(a)(1)(A)(ii)(II) of the Radiation Exposure Compensation Act (Public
    Law 101-426; 42 U.S.C. 2210 note) is amended--
            (1) by inserting ``, core driller,'' after ``was a miller'';
            (2) by inserting ``, or was involved in remediation efforts at
        such a uranium mine or uranium mill,'' after ``ore transporter'';
            (3) by inserting ``(I)'' after ``clause (i)''; and
            (4) by striking ``or renal cancers'' and all that follows and
        inserting ``or renal cancer or any other chronic renal disease,
        including nephritis and kidney tubal tissue injury; or''.
        (d) Combined Work Histories.--Section 5(a)(1)(A)(ii) of the
    Radiation Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210
    note), as amended by subsection (c), is further amended--
            (1) in subclause (I), by striking ``or'' at the end; and
            (2) by adding at the end the following:

                        ``(III)(aa) does not meet the conditions of
                    subclause (I) or (II);
                        ``(bb) worked, during the period described in
                    clause (i)(I), in 2 or more of the following positions:
                    miner, miller, core driller, and ore transporter;
                        ``(cc) meets the requirements under paragraph (4)
                    or (5); and
                        ``(dd) submits written medical documentation that
                    the individual developed lung cancer, a nonmalignant
                    respiratory disease, renal cancer, or any other chronic
                    renal disease, including nephritis and kidney tubal
                    tissue injury after exposure to radiation through work
                    in one or more of the positions referred to in item
                    (bb);''.

        (e) Special Rules Relating to Combined Work Histories.--Section
    5(a) of the Radiation Exposure Compensation Act (Public Law 101-426; 42
    U.S.C. 2210 note) is amended by adding at the end the following:
            ``(4) Special rule relating to combined work histories for
        individuals with at least one year of experience.--An individual
        meets the requirements under this paragraph if the individual
        worked in one or more of the positions referred to in paragraph
        (1)(A)(ii)(III)(bb) for a period of at least one year during the
        period described in paragraph (1)(A)(i)(I).
            ``(5) Special rule relating to combined work histories for
        miners.--An individual meets the requirements of this paragraph if
        the individual, during the period described in paragraph
        (1)(A)(i)(I), worked as a miner and was exposed to such number of
        working level months that the Attorney General determines, when
        combined with the exposure of such individual to radiation through
        work as a miller, core driller, or ore transporter during the
        period described in paragraph (1)(A)(i)(I), results in such
        individual being exposed to a total level of radiation that is
        greater or equal to the level of exposure of an individual
        described in paragraph (4).''.
        (f) Definition of Core Driller.--Section 5(b) of the Radiation
    Exposure Compensation Act (Public Law 101-426; 42 U.S.C. 2210 note) is
    amended--
            (1) in paragraph (7), by striking ``and'' at the end;
            (2) in paragraph (8), by striking the period at the end and
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(9) the term `core driller' means any individual employed to
        engage in the act or process of obtaining cylindrical rock samples
        of uranium or vanadium by means of a borehole drilling machine for
        the purpose of mining uranium or vanadium.''.
    SEC. 100204. CLAIMS RELATING TO MANHATTAN PROJECT WASTE.
        The Radiation Exposure Compensation Act (Public Law 101-426; 42
    U.S.C. 2210 note) is amended by inserting after section 5 the
    following:
      ``SEC. 5A. CLAIMS RELATING TO MANHATTAN PROJECT WASTE.
        ``(a) In General.--A claimant shall receive compensation for a
    claim made under this Act, as described in subsection (b) or (c), if--
            ``(1) a claim for compensation is filed with the Attorney
        General--
                ``(A) by an individual described in paragraph (2); or
                ``(B) on behalf of that individual by an authorized agent
            of that individual, if the individual is deceased or
            incapacitated, such as--
                    ``(i) an executor of estate of that individual; or
                    ``(ii) a legal guardian or conservator of that
                individual;
            ``(2) that individual, or if applicable, an authorized agent of
        that individual, demonstrates that such individual--
                ``(A) was physically present in an affected area for a
            period of at least 2 years after January 1, 1949; and
                ``(B) contracted a specified disease after such period of
            physical presence;
            ``(3) the Attorney General certifies that the identity of that
        individual, and if applicable, the authorized agent of that
        individual, is not fraudulent or otherwise misrepresented; and
            ``(4) the Attorney General determines that the claimant has
        satisfied the applicable requirements of this Act.
        ``(b) Losses Available to Living Affected Individuals.--
            ``(1) In general.--In the event of a claim qualifying for
        compensation under subsection (a) that is submitted to the Attorney
        General to be eligible for compensation under this section at a
        time when the individual described in subsection (a)(2) is living,
        the amount of compensation under this section shall be in an amount
        that is the greater of $50,000 or the total amount of compensation
        for which the individual is eligible under paragraph (2).
            ``(2) Losses due to medical expenses.--A claimant described in
        paragraph (1) shall be eligible to receive, upon submission of
        contemporaneous written medical records, reports, or billing
        statements created by or at the direction of a licensed medical
        professional who provided contemporaneous medical care to the
        claimant, additional compensation in the amount of all documented
        out-of-pocket medical expenses incurred as a result of the
        specified disease suffered by that claimant, such as any medical
        expenses not covered, paid for, or reimbursed through--
                ``(A) any public or private health insurance;
                ``(B) any employee health insurance;
                ``(C) any workers' compensation program; or
                ``(D) any other public, private, or employee health program
            or benefit.
            ``(3) Limitation.--No claimant is eligible to receive
        compensation under this subsection with respect to medical expenses
        unless the submissions described in paragraph (2) with respect to
        such expenses are submitted on or before December 31, 2028.
        ``(c) Payments to Beneficiaries of Deceased Individuals.--In the
    event that an individual described in subsection (a)(2) who qualifies
    for compensation under subsection (a) is deceased at the time of
    submission of the claim--
            ``(1) a surviving spouse may, upon submission of a claim and
        records sufficient to satisfy the requirements of subsection (a)
        with respect to the deceased individual, receive compensation in
        the amount of $25,000; or
            ``(2) in the event that there is no surviving spouse, the
        surviving children, minor or otherwise, of the deceased individual
        may, upon submission of a claim and records sufficient to satisfy
        the requirements of subsection (a) with respect to the deceased
        individual, receive compensation in the total amount of $25,000,
        paid in equal shares to each surviving child.
        ``(d) Affected Areas.--For purposes of this section, the term
    `affected area' means--
            ``(1) in the State of Missouri, the ZIP Codes of 63031, 63033,
        63034, 63042, 63045, 63074, 63114, 63135, 63138, 63044, 63121,
        63140, 63145, 63147, 63102, 63304, 63134, 63043, 63341, 63368, and
        63367;
            ``(2) in the State of Tennessee, the ZIP Codes of 37716, 37840,
        37719, 37748, 37763, 37828, 37769, 37710, 37845, 37887, 37829,
        37854, 37830, and 37831;
            ``(3) in the State of Alaska, the ZIP Codes of 99546 and 99547;
        and
            ``(4) in the State of Kentucky, the ZIP Codes of 42001, 42003,
        and 42086.
        ``(e) Specified Disease.--For purposes of this section, the term
    `specified disease' means any of the following:
            ``(1) Any leukemia, provided that the initial exposure occurred
        after 20 years of age and the onset of the disease was at least 2
        years after first exposure.
            ``(2) Any of the following diseases, provided that the onset
        was at least 2 years after the initial exposure:
                ``(A) Multiple myeloma.
                ``(B) Lymphoma, other than Hodgkin's disease.
                ``(C) Primary cancer of the--
                    ``(i) thyroid;
                    ``(ii) male or female breast;
                    ``(iii) esophagus;
                    ``(iv) stomach;
                    ``(v) pharynx;
                    ``(vi) small intestine;
                    ``(vii) pancreas;
                    ``(viii) bile ducts;
                    ``(ix) gall bladder;
                    ``(x) salivary gland;
                    ``(xi) urinary bladder;
                    ``(xii) brain;
                    ``(xiii) colon;
                    ``(xiv) ovary;
                    ``(xv) bone;
                    ``(xvi) renal;
                    ``(xvii) liver, except if cirrhosis or hepatitis B is
                indicated; or
                    ``(xviii) lung.
        ``(f) Physical Presence.--
            ``(1) In general.--For purposes of this section, the Attorney
        General may not determine that a claimant has satisfied the
        requirements under subsection (a) unless demonstrated by submission
        of--
                ``(A) contemporaneous written residential documentation or
            at least 1 additional employer-issued or government-issued
            document or record that the claimant, for at least 2 years
            after January 1, 1949, was physically present in an affected
            area; or
                ``(B) other documentation determined by the Attorney
            General to demonstrate that the claimant, for at least 2 years
            after January 1, 1949, was physically present in an affected
            area.
            ``(2) Types of physical presence.--For purposes of determining
        physical presence under this section, a claimant shall be
        considered to have been physically present in an affected area if--
                ``(A) the claimant's primary residence was in the affected
            area;
                ``(B) the claimant's place of employment was in the
            affected area; or
                ``(C) the claimant attended school in the affected area.
        ``(g) Disease Contraction in Affected Areas.--For purposes of this
    section, the Attorney General may not determine that a claimant has
    satisfied the requirements under subsection (a) unless the claimant
    submits--
            ``(1) written medical records or reports created by or at the
        direction of a licensed medical professional, created
        contemporaneously with the provision of medical care to the
        claimant, that the claimant, after a period of physical presence in
        an affected area, contracted a specified disease; or
            ``(2) other documentation determined by the Attorney General to
        demonstrate that the claimant contracted a specified disease after
        a period of physical presence in an affected area.''.
    SEC. 100205. LIMITATIONS ON CLAIMS.
        Section 8(a) of the Radiation Exposure Compensation Act (Public Law
    101-426; 42 U.S.C. 2210 note) is amended by striking ``2 years after
    the date of enactment of the RECA Extension Act of 2022'' and inserting
    ``December 31, 2027''.

                                   Speaker of the House of Representatives.

                                Vice President of the United States and
                                                   President of the Senate.