United States Government Publishing Office publisher pbl distributor dst United States Congress Senate author aut Government Organization text government publication eng CRPT Congressional Committee Materials 104_cong_reports legislative 2010-08-09 U.S. Government Printing Office 1996-06-13 monographic deposited born digital 24 digital object pages Y 1.1/5: https://www.govinfo.gov/app/details/CRPT-104srpt279 P0b002ee180321d7c f:sr279.104.txt DGPO 2010-08-09 2024-11-10 CRPT-104srpt279 machine generated eng fdlp Report to accompany H.R. 3286, The Committee on Finance, to which was referred the bill (H.R. 3286) to help families defray adoption costs, and to promote the adoption of minority children, having considered the same, reports favorably thereon with amendments and recommends that the bill as amended do pass. CONTENTS Page I. LEGISLATIVE BACKGROUND AND SUMMARY...............................1 A. Legislative Background.............................. 1 B. Summary............................................. 2 II. EXPLANATION OF THE BILL..........................................2 A. Tax Credit and Exclusion for Adoption Expenses...... 2 B. Removal of Barriers to interethnic Adoptions........ 5 C. Revenue Offsets..................................... 6 1. Treatment of bad debt deductions of thrift institutions................................... 6 2. Depreciation under the income forecast method... 16 III. BUDGET EFFECTS OF THE BILL......................................20 A. Committee Estimates................................. 20 B. Budget Authority and Tax Expenditures............... 22 C. Consultation with Congressional Budget Office....... 22 IV. VOTE OF THE COMMITTEE...........................................22 V. REGULATORY IMPACT AND OTHER MATTERS.............................22 A. Regulatory Impact................................... 22 B. information Relating to Unfunded Mandates........... 23 VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED...........24 I. LEGISLATIVE BACKGROUND AND SUMMARY A. Legislative Background The Senate Committee on Finance marked up H.R. 3286 (``Adoption Promotion and Stability Act of 1996'') on June 12, 1996. The Committee on Finance amended Titles, I, II, and IV of the bill. H.R. 3286 was passed by the House of Representatives on May 10, 1996. As passed by the House, title I of the bill would provide a tax credit for certain adoption expenses and an exclusion for certain employer-provided adoption expenses; title II of the bill would remove certain barriers to interethnic adoptions; Title III of the bill would modify child custody proceedings affected by the indian Child Welfare Act of 1978; and Title IV of the bill would provide two revenue offsets: (1) remove business exclusion for energy subsidies provided by public utilities, and (2) modify treatment of foreign trusts. The Committee on Finance ordered the bill, as amended, favorably reported by voice vote on June 12, 1996. The bill is to be referred to the Senate Committee on indian Affairs for a period of 10 legislative days for consideration of Title III of the bill. B. Summary SRPT CRPT-104srpt279 SENATE 104 279 2 false true https://www.govinfo.gov/app/details/CRPT-104srpt279 https://www.govinfo.gov/content/pkg/CRPT-104srpt279/html/CRPT-104srpt279.htm https://www.govinfo.gov/content/pkg/CRPT-104srpt279/pdf/CRPT-104srpt279.pdf S. Rept. 104-279 The Committee on Finance, to which was referred the bill (H.R. 3286) to help families defray adoption costs, and to promote the adoption of minority children, having considered the same, reports favorably thereon with amendments and recommends that the bill as amended do pass. ADOPTION PROMOTION AND STABILITY ACT OF 1996;S. Rept. 104-279 Ordered to be printed FIRSTPART CRPT-104srpt279 Ordered to be printed 2 The Committee on Finance, to which was referred the bill (H.R. 3286) to help families defray adoption costs, and to promote the adoption of minority children, having considered the same, reports favorably thereon with amendments and recommends that the bill as amended do pass. Mr. Roth, from the Committee on Finance, submitted the following Committee on Finance Finance Mr. Roth William V. Roth Jr. Roth Jr., William V. William Victor Roth H.R. 3286, 104th William V. Roth Jr. United States Senate sponsor spn United States Congress Member United States Congress Senate Committee on Finance associated name asn Government Organization H.R. 3286 104 OTHER H.R. 3286 104 PRIMARY Public Law 103-382 Public Law No 103-382 Public Law 104-4 Public Law No 104-4