[Congressional Record (Bound Edition), Volume 148 (2002), Part 17]
[Senate]
[Pages 23425-23426]
[From the U.S. Government Publishing Office, www.gpo.gov]




      REPEALING THE SUNSET OF THE ECONOMIC GROWTH AND TAX RELIEF 
                       RECONCILIATION ACT OF 2001

  Mr. FITZGERALD. Mr. President, I ask unanimous consent that the 
Finance Committee be discharged from further consideration of S. 2577 
and that the Senate proceed to the immediate consideration of S. 2577 
and H.R. 4823 en bloc.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will read the bills by title en bloc.
  The legislative clerk read as follows:

       A bill (S. 2577) to repeal the sunset of the Economic 
     Growth and Tax Relief Reconciliation Act of 2001 with respect 
     to the exclusion from Federal income tax for restitution 
     received by victims of the Nazi Regime;
       A bill (H.R. 4823) to repeal the sunset of the Economic 
     Growth and Tax Relief Reconciliation Act of 2001 with respect 
     to the exclusion from Federal income tax for restitution 
     received by victims of the Nazi Regime.

  There being no objection, the Senate proceeded to consider the bills.
  Mr. FITZGERALD. Mr. President, I ask unanimous consent that the bills 
be read a third time and passed, the motion to reconsider be laid upon 
the table en bloc, with no intervening action or debate, that any 
statements related to the bill be printed in the Record, and that the 
consideration of these items appear separately in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 2577) was read the third time and passed, as follows:

                                S. 2577

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Holocaust Restitution Tax 
     Fairness Act of 2002''.

     SEC. 2. REPEAL OF APPLICABILITY OF SUNSET OF THE ECONOMIC 
                   GROWTH AND TAX RELIEF RECONCILIATION ACT OF 
                   2001 WITH RESPECT TO EXCLUSION FROM FEDERAL 
                   INCOME TAX FOR RESTITUTION RECEIVED BY VICTIMS 
                   OF NAZI REGIME.

       Section 901 of the Economic Growth and Tax Relief 
     Reconciliation Act of 2001 is amended by adding at the end 
     the following new subsection:
       ``(c) Exception.--Subsection (a) shall not apply to section 
     803 (relating to no federal income tax on restitution 
     received by victims of the Nazi regime or their heirs or 
     estates).''.

  The bill (H.R. 4823) was read the third time and passed.
  Mr. President, I yield the floor.
  Mr. REID. Mr. President, I congratulate my friend on the passage of 
this

[[Page 23426]]

legislation. I appreciate the Senator's persistence. It is very 
important legislation. There are a lot of happy old people today who 
have been waiting for a continuation of these benefits for a long time. 
So I thank the Senator very much for his work.

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