[Congressional Record (Bound Edition), Volume 155 (2009), Part 2]
[Senate]
[Pages 2360-2362]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 99. Mr. CASEY submitted an amendment intended to be proposed by 
him to the bill H.R. 1, making supplemental appropriations for job 
preservation and creation, infrastructure investment, energy efficiency 
and science, assistance to the unemployed, and State and local fiscal 
stabilization, for fiscal year ending September 30, 2009, and for other 
purposes; which was ordered to lie on the table; as follows;

       At the appropriate place, insert the following:

     SEC. __. JOINT SELECT COMMITTEE ON ECONOMIC RECOVERY.

       (a) Establishment and Composition.--
       (1) In general.--There is established a Joint Select 
     Committee on Economic Recovery (referred to in this section 
     as the ``joint committee'') to be composed of 20 members as 
     follows:
       (A) 10 Members of the House of Representatives, including 
     the Chairman and Ranking Member of the Committee on Ways and 
     Means and the Committee on Appropriations, or their designee, 
     4 members appointed from the majority party by the Speaker of 
     the House, and 2 members from the minority party to be 
     appointed by the minority leader.
       (B) 10 Members of the Senate, including the Chairman and 
     Ranking Member of the Committee on Finance and the Committee 
     on Appropriations, or their designee, 4 members appointed 
     from the majority party by the majority leader of the Senate, 
     and 2 members from the minority party to be appointed by the 
     minority leader.
       (2) Vacancy.--A vacancy in the joint committee shall not 
     affect the power of the remaining members to execute the 
     functions of the joint committee, and shall be filled in the 
     same manner as the original selection.
       (3) Legislative authority.--The joint committee shall not 
     have any legislative authority.
       (b) Oversight.--
       (1) In general.--The joint committee shall conduct 
     continuing oversight over the implementations of this Act 
     with a particular focus on--
       (A) the success of this Act in creating jobs; and
       (B) any instances of waste, fraud, and abuse in programs 
     funded by this Act.
       (2) Reports.--The joint committee shall submit reports to 
     the committees of jurisdiction, the Senate and House of 
     Representatives, and the general public not less than every 3 
     months after the date of enactment of this Act.
       (c) Resources and Dissolution.--
       (1) Resources.--The joint committee may utilize the 
     resources of the House of Representatives and Senate.
       (2) Dissolution.--The joint committee shall cease to exist 
     30 days after September 30, 2010.
                                 ______
                                 
  SA 100. Mr. CASEY (for himself and Mr. Voinovich) submitted an 
amendment intended to be proposed to amendment SA 98 proposed by Mr. 
Inouye (for himself and Mr. Baucus) to the bill H.R. 1, making 
supplemental appropriations for job preservation and creation, 
infrastructure investment, energy efficiency and science, assistance to 
the unemployed, and State and local fiscal stabilization, for fiscal 
year ending September 30, 2009, and for other purposes; which was 
ordered to lie on the table; as follows:

       On page 36, between lines 3 and 4, insert the following:

     SEC. __. ASSISTANCE FOR COSTS OF DISTRIBUTING BONUS 
                   COMMODITIES.

       (a) Purposes.--The purposes of this section are--
       (1) to encourage States and food assistance agencies to 
     accept commodities acquired by the Secretary of Agriculture 
     for farm support and surplus removal activities; and
       (2) to offset the costs of the States and food assistance 
     agencies for the intrastate transportation, storage, and 
     distribution of the commodities.
       (b) Costs of Distributing Bonus Commodities.--Section 202 
     of the Emergency Food Assistance Act of 1983 (7 U.S.C. 7502) 
     is amended by inserting after subsection (a) the following:
       ``(b) Costs of Distributing Bonus Commodities.--
       ``(1) In general.--The Secretary shall use funds made 
     available under section 32 of the Act of August 24, 1935 (7 
     U.S.C. 612c), to provide funding described in paragraph (2) 
     to eligible recipient agencies to offset the costs of the 
     agencies for intrastate transportation, storage, and 
     distribution of commodities described in subsection (a).
       ``(2) Funding.--The Secretary shall provide funding 
     described in paragraph (1) to an eligible recipient agency at 
     a rate equal to the lower of $0.05 per pound or $0.05 per 
     dollar value of commodities described in subsection (a) that 
     are made available under this Act to, and accepted by, the 
     eligible recipient agency.''.
                                 ______
                                 
  SA 101. Mr. SPECTER submitted an amendment intended to be proposed to 
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to 
the bill H.R. 1, making supplemental appropriations for job 
preservation and creation, infrastructure investment, energy efficiency 
and science, assistance to the unemployed, and State and local fiscal 
stabilization, for fiscal year ending September 30, 2009, and for other 
purposes; which was ordered to lie on the table; as follows:

       On page 129, line 10, strike ``$2,700,000,000'' and insert 
     ``$9,200,000,000''.
       On page 129, line 11, strike ``$1,350,000,000'' and insert 
     ``$7,850,000,000''.
                                 ______
                                 
  SA 102. Ms. LANDRIEU (for herself, Mr. Grassley, and Mr. Harkin) 
submitted an amendment intended to be proposed to amendment SA 98 
proposed by Mr. Inouye (for himself and Mr. Baucus) to the bill H.R. 1, 
making supplemental appropriations for job preservation and creation, 
infrastructure investment, energy efficiency and science, assistance to 
the unemployed, and State and local fiscal stabilization, for fiscal 
year ending September 30, 2009, and for other purposes; which was 
ordered to lie on the table; as follows:

       On page 251, lines 13 and 14, strike ``housing:'' and 
     insert the following: ``housing: Provided further, That 
     funding used for section 2301(c)(3)(E) of the Act shall also 
     be available to redevelop demolished, blighted, or vacant 
     properties, including those damaged or destroyed in areas 
     subject to a disaster declaration by the President under 
     title IV of the Robert T. Stafford Disaster Relief and 
     Emergency Assistance Act (42 U.S.C. 5121 et seq.):''
                                 ______
                                 
  SA 103. Ms. LANDRIEU submitted an amendment intended to be proposed 
to amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) 
to the bill H.R. 1, making supplemental appropriations for job 
preservation and

[[Page 2361]]

creation, infrastrucutre investment, energy efficiency and science, 
assistance to the unemployed, and State and local fiscal stabilization, 
for fiscal year ending September 30, 2009, and for other purposes; 
which was ordered to lie on the table; as follows:

       On page 194, beginning on line 22, strike ``$637,875,000'' 
     and all that follows through ``equipment):'' on line 13 and 
     insert: ``$757,875,000, to remain available until September 
     30, 2013, of which $84,100,000 shall be for child development 
     centers; $481,000,000 shall be for warrior transition 
     complexes; $42,400,000 shall be for health and dental clinics 
     (including acquisition, construction, installation, and 
     equipment); and $120,000,000 shall be for the Secretary of 
     the Army to carry out at least three pilot projects to use 
     the private sector for the acquisition or construction of 
     military unaccompanied housing for all ranks and locations in 
     the United States:''.
                                 ______
                                 
  SA 104. Ms. MIKULSKI (for herself and Mr. Brownback) submitted an 
amendment intended to be proposed to amendment SA 98 proposed by Mr. 
Inouye (for himself and Mr. Baucus) to the bill H.R. 1, making 
supplemental appropriations for job preservation and creation, 
infrastructure investment, energy efficiency and science, assistance to 
the unemployed, and State and local fiscal stabilization, for fiscal 
year ending September 30, 2009, and for other purposes; which was order 
to lie on the table; as follows:

       On page 570, after line 8, insert the following:

     SEC. --. ABOVE-THE-LINE DEDUCTION FOR INTEREST ON 
                   INDEBTEDNESS WITH RESPECT TO THE PURCHASE OF 
                   CERTAIN MOTOR VEHICLES.

       (a) In General.--Paragraph (2) of section 163(h) of the 
     Internal Revenue Code of 1986 is amended--
       (1) by striking ``and'' at the end of subparagraph (E),
       (2) by striking the period at the end of subparagraph (F) 
     and inserting ``, and'', and
       (3) by adding at the end the following new subparagraph:
       ``(G) any qualified motor vehicle interest (within the 
     meaning of paragraph (5)).''.
       (b) Qualified Motor Vehicle Interest.--Section 163(h) of 
     the Internal Revenue Code of 1986 is amended by adding at the 
     end the following new paragraph:
       ``(5) Qualified motor vehicle interest.--For purposes of 
     this subsection--
       ``(A) In general.--The term `qualified motor vehicle 
     interest' means any interest which is paid or accrued during 
     the taxable year on any indebtedness which--
       ``(i) is incurred after November 12, 2008, and before 
     January 1, 2010, in acquiring any qualified motor vehicle of 
     the taxpayer, and
       ``(ii) is secured by such qualified motor vehicle.
     Such term also includes any indebtedness secured by such 
     qualified motor vehicle resulting from the refinancing of 
     indebtedness meeting the requirements of the preceding 
     sentence (or this sentence); but only to the extent the 
     amount of the indebtedness resulting from such refinancing 
     does not exceed the amount of the refinanced indebtedness.
       ``(B) Dollar limitation.--The aggregate amount of 
     indebtedness treated as described in subparagraph (A) for any 
     period shall not exceed $49,500 ($24,750 in the case of a 
     separate return by a married individual).
       ``(C) Income limitation.--The amount otherwise treated as 
     interest under subparagraph (A) for any taxable year (after 
     the application of subparagraph (B)) shall be reduced (but 
     not below zero) by the amount which bears the same ratio to 
     the amount which is so treated as--
       ``(i) the excess (if any) of--

       ``(I) the taxpayer's modified adjusted gross income for 
     such taxable year, over
       ``(II) $125,000 ($250,000 in the case of a joint return), 
     bears to

       ``(ii) $10,000.
     For purposes of the preceding sentence, 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) Qualified motor vehicle.--The term `qualified motor 
     vehicle' means a passenger automobile (within the meaning of 
     section 30B(h)(3)) or a light truck (within the meaning of 
     such section)--
       ``(i) which is acquired for use by the taxpayer and not for 
     resale after November 12, 2008, and before January 1, 2010,
       ``(ii) the original use of which commences with the 
     taxpayer, and
       ``(iii) which has a gross vehicle weight rating of not more 
     than 8,500 pounds.''.
       (c) Deduction Allowed Above-the-Line.--Section 62(a) of the 
     Internal Revenue Code of 1986 is amended by inserting after 
     paragraph (21) the following new paragraph:
       ``(22) Qualified motor vehicle interest.--The deduction 
     allowed under section 163 by reason of subsection (h)(2)(G) 
     thereof.''.
       (d) Reporting of Qualified Motor Vehicle Interest.--
       (1) In general.--Subpart B of part III of subchapter A of 
     chapter 61 of the Internal Revenue Code of 1986 is amended by 
     adding at the end the following new section:

     ``SEC. 6050X. RETURNS RELATING TO QUALIFIED MOTOR VEHICLE 
                   INTEREST RECEIVED IN TRADE OR BUSINESS FROM 
                   INDIVIDUALS.

       ``(a) Qualified Motor Vehicle Interest.--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 any indebtedness secured by a 
     qualified motor vehicle (as defined in section 163(h)(5)(D)),

     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 by regulations 
     prescribe.
       ``(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,
       ``(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, and
       ``(C) such other information as the Secretary may 
     prescribe.
       ``(c) Application to Governmental Units.--For purposes of 
     subsection (a)--
       ``(1) Treated as persons.--The term `person' includes any 
     governmental unit (and any agency or instrumentality 
     thereof).
       ``(2) Special rules.--In the case of a governmental unit or 
     any agency or instrumentality thereof--
       ``(A) subsection (a) shall be applied without regard to the 
     trade or business requirement contained therein, and
       ``(B) any return required under subsection (a) shall be 
     made by the officer or employee appropriately designated for 
     the purpose of making such return.
       ``(d) 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 aggregate amount of interest described in 
     subsection (a)(2) received by the person required to make 
     such return from the individual to whom the statement is 
     required to be furnished

     .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.
       ``(e) Returns Which Would Be Required to Be Made by 2 or 
     More Persons.--Except to the extent provided in regulations 
     prescribed by the Secretary, in the case of interest received 
     by any person on behalf of another person, only the person 
     first receiving such interest shall be required to make the 
     return under subsection (a).''.
       (2) Amendments relating to penalties.--
       (A) Section 6721(e)(2)(A) of such Code is amended by 
     striking ``or 6050L'' and inserting ``6050L, or 6050X''.
       (B) Section 6722(c)(1)(A) of such Code is amended by 
     striking ``or 6050L(c)'' and inserting ``6050L(c), or 
     6050X(d)''.
       (C) Subparagraph (B) of section 6724(d)(1) of such Code is 
     amended by redesignating clauses (xvi) through (xxii) as 
     clauses (xvii) through (xxiii), respectively, and by 
     inserting after clause (xii) the following new clause:
       ``(xvi) section 6050X (relating to returns relating to 
     qualified motor vehicle interest received in trade or 
     business from individuals),''.
       (D) Paragraph (2) of section 6724(d) of such Code is 
     amended by striking the period at the end of subparagraph 
     (DD) and inserting ``, or'' and by inserting after 
     subparagraph (DD) the following new subparagraph:
       ``(EE) section 6050X(d) (relating to returns relating to 
     qualified motor vehicle interest received in trade or 
     business from individuals).''.
       (3) Clerical amendment.--The table of sections for subpart 
     B of part III of subchapter A of chapter 61 of such Code is 
     amended by inserting after the item relating to section 6050W 
     the following new item:

``Sec. 6050X. Returns relating to qualified motor vehicle interest 
              received in trade or business from individuals.''.

       (e) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2008.

     SEC. --. ABOVE-THE-LINE DEDUCTION FOR STATE SALES TAX AND 
                   EXCISE TAX ON THE PURCHASE OF CERTAIN MOTOR 
                   VEHICLES.

       (a) In General.--Subsection (a) of section 164 of the 
     Internal Revenue Code of 1986 is amended by inserting after 
     paragraph (5) the following new paragraph:

[[Page 2362]]

       ``(6) Qualified motor vehicle taxes.''.
       (b) Qualified Motor Vehicle Taxes.--Subsection (b) of 
     section 164 of the Internal Revenue Code of 1986 is amended 
     by adding at the end the following new paragraph:
       ``(6) Qualified motor vehicle taxes.--
       ``(A) In general.--For purposes of this section, the term 
     `qualified motor vehicle taxes' means any State or local 
     sales or excise tax imposed on the purchase of a qualified 
     motor vehicle (as defined in section 163(h)(5)(D)).
       ``(B) Dollar limitation.--The amount taken into account 
     under subparagraph (A) for any taxable year shall not exceed 
     $49,500 ($24,750 in the case of a separate return by a 
     married individual).
       ``(C) Income limitation.--The amount otherwise taken into 
     account under subparagraph (A) (after the application of 
     subparagraph (B)) for any taxable year shall be reduced (but 
     not below zero) by the amount which bears the same ratio to 
     the amount which is so treated as--
       ``(i) the excess (if any) of--

       ``(I) the taxpayer's modified adjusted gross income for 
     such taxable year, over
       ``(II) $125,000 ($250,000 in the case of a joint return), 
     bears to

       ``(ii) $10,000.
     For purposes of the preceding sentence, 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) Qualified motor vehicle taxes not included in cost of 
     acquired property.--The last sentence of subsection (a) shall 
     not apply to any qualified motor vehicle taxes.
       ``(E) Coordination with general sales tax.--This paragraph 
     shall not apply in the case of a taxpayer who makes an 
     election under paragraph (5) for the taxable year.''.
       (c) Conforming Amendments.--Paragraph (5) of section 163(h) 
     of the Internal Revenue Code of 1986, as added by section 1, 
     is amended--
       (1) by adding at the end the following new subparagraph:
       ``(E) Exclusion.--If the indebtedness described in 
     subparagraph (A) includes the amounts of any State or local 
     sales or excise taxes paid or accrued by the taxpayer in 
     connection with the acquisition of a qualified motor vehicle, 
     the aggregate amount of such indebtedness taken into account 
     under such subparagraph shall be reduced, but not below zero, 
     by the amount of any such taxes for which a deduction is 
     allowed under section 164(a) by reason of paragraph (6) 
     thereof.'', and
       (2) by inserting ``, after the application of subparagraph 
     (E),'' after ``for any period'' in subparagraph (B).
       (d) Deduction Allowed Above-the-Line.--Section 62(a) of the 
     Internal Revenue Code of 1986, as amended by section 1, is 
     amended by inserting after paragraph (22) the following new 
     paragraph:
       ``(23) Qualified motor vehicle taxes.--The deduction 
     allowed under section 164 by reason of subsection (a)(6) 
     thereof.''.
       (e) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2008.
                                 ______
                                 
  SA 105. Mr. CASEY submitted an amendment intended to be proposed to 
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to 
the bill H.R. 1, making supplemental appropriations for job 
preservation and creation, infrastructure investment, energy efficiency 
and science, assistance to the unemployed, and State and local fiscal 
stabilization, for fiscal year ending September 30, 2009, and for other 
purposes; which was ordered to lie on the table; as follows:

       On page 428, between lines 11 and 12, insert the following:

      Subtitle D--Reports by the Government Accountability Office

     SEC. 1551. REPORTS BY THE GOVERNMENT ACCOUNTABILITY OFFICE.

       (a) Reports by Inspectors General.--The inspector general 
     of each agency that receives funds appropriated under this 
     Act, shall submit reports on the oversight activities of that 
     inspector general with respect to such funds to the 
     Government Accountability Office in a form, containing such 
     information, and at such times as the Comptroller General of 
     the United States may determine to enable the Comptroller 
     General to submit the reports required under subsection (b).
       (b) Reports by the Government Accountability Office.--
       (1) In general.--The Comptroller General of the United 
     States shall submit 3 reports to Congress that contain--
       (A) a summary of the oversight activities of the offices of 
     inspectors general described under subsection (a) relating to 
     funds appropriated under this Act; and
       (B) an evaluation of the effectiveness of this Act.
       (2) Submission dates.--The reports under this subsection 
     shall be submitted not later than--
       (A) 120 days after the date of enactment of this Act;
       (B) 180 days after that date of enactment; and
       (C) 240 days after that date of enactment.

                          ____________________