S.Amdt. 2073

1. Adds TITLE II--TRADE ADJUSTMENT ASSISTANCE at the end of the bill

   Adds a title

   Inserted: TITLE II--TRADE ADJUSTMENT ASSISTANCE

   Inserted: Subtitle A--Application of Provisions Relating to Trade Adjustment Assistance SEC. 201. APPLICATION OF PROVISIONS RELATING TO TRADE ADJUSTMENT ASSISTANCE.

   Inserted: (a) Repeal of Snapback.--Section 233 of the Trade Adjustment Assistance Extension Act of 2011 (Public Law 112-40; 125 Stat. 416) is repealed.

   Inserted: (b) Applicability of Certain Provisions.--Except as otherwise provided in this title, the provisions of chapters 2 through 6 of title II of the Trade Act of 1974, as in effect on December 31, 2013, and as amended by this title, shall--

   Inserted: (1) take effect on the date of the enactment of this Act; and

   Inserted: (2) apply to petitions for certification filed under chapter 2, 3, or 6 of title II of the Trade Act of 1974 on or after such date of enactment.

   Inserted: (c) References.--Except as otherwise provided in this title, whenever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a provision of chapters 2 through 6 of title II of the Trade Act of 1974, the reference shall be considered to be made to a provision of any such chapter, as in effect on December 31, 2013.

   Inserted: Subtitle B--Extension of Trade Adjustment Assistance Program SEC. 211. EXTENSION OF TERMINATION PROVISIONS.

   Inserted: Section 285 of the Trade Act of 1974 (19 U.S.C. 2271 note) is amended by striking "2013" each place it appears and inserting "2020".

   Inserted: SEC. 212. TRAINING FUNDS.

   Inserted: Section 236(a)(2)(A) of the Trade Act of 1974 (19 U.S.C. 2296(a)(2)(A)) is amended--

   Inserted: (1) in clause (i), by striking "and 2013" and inserting "through 2020"; and

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   Inserted: (2) in clause (ii), by striking "2013" each place it appears and inserting "2020".

   Inserted: SEC. 213. REEMPLOYMENT TRADE ADJUSTMENT ASSISTANCE.

   Inserted: Section 246(b)(1) of the Trade Act of 1974 (19 U.S.C. 2318(b)(1)) is amended by striking "2013" and inserting "2020".

   Inserted: SEC. 214. AUTHORIZATIONS OF APPROPRIATIONS.

   Inserted: (a) Trade Adjustment Assistance for Workers.--Section 245(a) of the Trade Act of 1974 (19 U.S.C. 2317(a)) is amended by striking "2013" and inserting "2020".

   Inserted: (b) Trade Adjustment Assistance for Firms.--Section 255(a) of the Trade Act of 1974 (19 U.S.C. 2345(a)) is amended--

   Inserted: (1) by striking "$16,000,000" and inserting "$50,000,000";

   Inserted: (2) by striking "and 2013" and inserting "through 2020";

   Inserted: (3) by striking "$4,000,000" and inserting "$6,250,000"; and

   Inserted: (4) by striking "October 1, 2013, and ending on December 31, 2013" and inserting "October 1, 2020, and ending on December 31, 2020".

   Inserted: (c) Trade Adjustment Assistance for Communities.--Section 272(a) of the Trade Act of 1974 (19 U.S.C. 2372(a)) is amended by striking "$40,000,000" and all that follows through "December 31, 2010" and inserting "such sums as may be necessary for each of the fiscal years 2015 through 2020 and for the period beginning October 1, 2020, and ending December 31, 2020".

   Inserted: (d) Trade Adjustment Assistance for Farmers.--Section 298(a) of the Trade Act of 1974 (19 U.S.C. 2401g(a)) is amended--

   Inserted: (1) by striking "and 2013" and inserting "through 2020"; and

   Inserted: (2) by striking "October 1, 2013, and ending on December 31, 2013" and inserting "October 1, 2020, and ending on December 31, 2020".

   Inserted: SEC. 215. EXTENSION OF TRADE ADJUSTMENT ASSISTANCE TO PUBLIC AGENCY WORKERS.

   Inserted: (a) Definitions.--Section 247 of the Trade Act of 1974 (19 U.S.C. 2319) is amended--

   Inserted: (1) in paragraph (3)--

   Inserted: (A) in the matter preceding subparagraph (A), by striking "The" and inserting "Subject to section 222(d)(5), the"; and

   Inserted: (B) in subparagraph (A), by striking "or service sector firm" and inserting ", service sector firm, or public agency"; and

   Inserted: (2) by adding at the end the following:

   Inserted: "(19) The term 'public agency' means a department or agency of a State or local government or of the Federal Government, or a subdivision thereof.".

   Inserted: (b) Group Eligibility Requirements.--Section 222 of the Trade Act of 1974 (19 U.S.C. 2272) is amended--

   Inserted: (1) by redesignating subsections (c), (d), and (e) as subsections (d), (e), and (f), respectively;

   Inserted: (2) by inserting after subsection (b) the following:

   Inserted: "(c) Adversely Affected Workers in Public Agencies.--A group of workers in a public agency shall be certified by the Secretary as eligible to apply for adjustment assistance under this chapter pursuant to a petition filed under section 221 if the Secretary determines that--

   Inserted: "(1) a significant number or proportion of the workers in the public agency have become totally or partially separated, or are threatened to become totally or partially separated;

   Inserted: "(2) the public agency has acquired from a foreign country services like or directly competitive with services which are supplied by such agency; and

   Inserted: "(3) the acquisition of services described in paragraph (2) contributed importantly to such workers' separation or threat of separation.";

   Inserted: (3) in subsection (d) (as redesignated), by adding at the end the following:

   Inserted: "(5) Reference to firm.--For purposes of subsections (a) and (b), the term 'firm' does not include a public agency."; and

   Inserted: (4) in paragraph (2) of subsection (e) (as redesignated), by striking "subsection (a) or (b)" and inserting "subsection (a), (b), or (c)".

   Inserted: SEC. 216. LIMITATIONS ON TRADE READJUSTMENT ALLOWANCES.

   Inserted: (a) Limitations.--Section 233(a)(3) of the Trade Act of 1974 (19 U.S.C. 2293(a)(3)) is amended in the matter preceding subparagraph (A) by striking "65 additional weeks in the 78-week period" and inserting "78 additional weeks in the 91-week period".

   Inserted: (b) Payment of Trade Readjustment Allowances To Complete Training.--Section 233(f) of the Trade Act of 1974 (19 U.S.C. 2293(f)) is amended by striking "13" each place it appears and inserting "26".

   Inserted: SEC. 217. JOB SEARCH AND RELOCATION ALLOWANCES.

   Inserted: (a) Job Search Allowances.--Section 237 of the Trade Act of 1974 (19 U.S.C. 2297) is amended--

   Inserted: (1) in subsection (a)(1)--

   Inserted: (A) by striking "Each State" and all that follows through "an adversely affected worker" and inserting "An adversely affected worker"; and

   Inserted: (B) by striking "to file" and inserting "may file";

   Inserted: (2) in subsection (b)--

   Inserted: (A) in paragraph (1), by striking "not more than 90 percent" and inserting "100 percent"; and

   Inserted: (B) in paragraph (2), by striking "$1,250" and inserting "$1,500"; and

   Inserted: (3) in subsection (c), by striking "a State may" and inserting "the Secretary shall".

   Inserted: (b) Relocation Allowances.--Section 238 of the Trade Act of 1974 (19 U.S.C. 2298) is amended--

   Inserted: (1) in subsection (a)(1)--

   Inserted: (A) by striking "Each State" and all that follows through "an adversely affected worker" and inserting "An adversely affected worker"; and

   Inserted: (B) by striking "to file" and inserting "may file"; and

   Inserted: (2) in subsection (b)--

   Inserted: (A) in paragraph (1), by striking "not more than 90 percent" and inserting "100 percent"; and

   Inserted: (B) in paragraph (2), by striking "$1,250" and inserting "$1,500".

   Inserted: SEC. 218. REEMPLOYMENT TRADE ADJUSTMENT ASSISTANCE PROGRAM.

   Inserted: Section 246(a) of the Trade Act of 1974 (19 U.S.C. 2318(a)) is amended--

   Inserted: (1) in paragraph (3)(B)--

   Inserted: (A) in clause (ii), by striking "$50,000" and inserting "$55,000"; and

   Inserted: (B) in clause (iii)(I), by striking "and is not enrolled" and inserting "whether or not the worker is enrolled"; and

   Inserted: (2) in paragraph (5), by striking "$10,000" each place it appears and inserting "$12,000".

   Inserted: Subtitle C--General Provisions SEC. 221. APPLICABILITY OF TRADE ADJUSTMENT ASSISTANCE PROVISIONS.

   Inserted: (a) Trade Adjustment Assistance for Workers.--

   Inserted: (1) Petitions filed on or after january 1, 2014, and before date of enactment.--

   Inserted: (A) Certifications of workers not certified before date of enactment.--

   Inserted: (i) Criteria if a determination has not been made.--If, as of the date of the enactment of this Act, the Secretary of Labor has not made a determination with respect to whether to certify a group of workers as eligible to apply for adjustment assistance under section 222 of the Trade Act of 1974 pursuant to a petition described in clause (iii), the Secretary shall make that determination based on the requirements of section 222 of the Trade Act of 1974, as in effect on such date of enactment.

   Inserted: (ii) Reconsideration of denials of certifications.--If, before the date of the enactment of this Act, the Secretary made a determination not to certify a group of workers as eligible to apply for adjustment assistance under section 222 of the Trade Act of 1974 pursuant to a petition described in clause (iii), the Secretary shall--

   Inserted: (I) reconsider that determination; and

   Inserted: (II) if the group of workers meets the requirements of section 222 of the Trade Act of 1974, as in effect on such date of enactment, certify the group of workers as eligible to apply for adjustment assistance.

   Inserted: (iii) Petition described.--A petition described in this clause is a petition for a certification of eligibility for a group of workers filed under section 221 of the Trade Act of 1974 on or after January 1, 2014, and before the date of the enactment of this Act.

   Inserted: (B) Eligibility for benefits.--

   Inserted: (i) In general.--Except as provided in clause (ii), a worker certified as eligible to apply for adjustment assistance under section 222 of the Trade Act of 1974 pursuant to a petition described in subparagraph (A)(iii) shall be eligible, on and after the date that is 90 days after the date of the enactment of this Act, to receive benefits only under the provisions of chapter 2 of title II of the Trade Act of 1974, as in effect on such date of enactment.

   Inserted: (ii) Computation of maximum benefits.--Benefits received by a worker described in clause (i) under chapter 2 of title II of the Trade Act of 1974 before the date of the enactment of this Act shall be included in any determination of the maximum benefits for which the worker is eligible under the provisions of chapter 2 of title II of the Trade Act of 1974, as in effect on the date of the enactment of this Act.

   Inserted: (2) Petitions filed before january 1, 2014.--A worker certified as eligible to apply for adjustment assistance pursuant to a petition filed under section 221 of the Trade Act of 1974 on or before December 31, 2013, shall continue to be eligible to apply for and receive benefits under the provisions of chapter 2 of title II of such Act, as in effect on December 31, 2013.

   Inserted: (3) Qualifying separations with respect to petitions filed within 90 days of date of enactment.--Section 223(b) of the Trade Act of 1974, as in effect on the date of the enactment of this Act, shall be applied and administered by substituting "before January 1, 2014" for "more than one year before the date of the petition on which such certification was granted" for purposes of determining whether a worker is eligible to apply for adjustment assistance pursuant to a petition filed under section 221 of the Trade Act of 1974 on or after the date of the enactment of this Act and on or before the date that is 90 days after such date of enactment.

   Inserted: (b) Trade Adjustment Assistance for Firms.--

   Inserted: (1) Certification of firms not certified before date of enactment.--

   Inserted: (A) Criteria if a determination has not been made.--If, as of the date of the enactment of this Act, the Secretary of Commerce has not made a determination with respect to whether to certify a firm as eligible to apply for adjustment assistance under section 251 of the Trade Act of 1974 pursuant to a petition described in subparagraph (C), the Secretary shall make that determination based on the requirements of section 251 of the Trade Act of 1974, as in effect on such date of enactment.

   Inserted: (B) Reconsideration of denial of certain petitions.--If, before the date of the enactment of this Act, the Secretary made a determination not to certify a firm as eligible to apply for adjustment assistance under section 251 of the Trade Act of 1974 pursuant to a petition described in subparagraph (C), the Secretary shall--

   Inserted: (i) reconsider that determination; and

   Inserted: (ii) if the firm meets the requirements of section 251 of the Trade Act of 1974, as in effect on such date of enactment, certify the firm as eligible to apply for adjustment assistance.

   Inserted: (C) Petition described.--A petition described in this subparagraph is a petition for a certification of eligibility filed by a firm or its representative under section 251 of the Trade Act of 1974 on or after January 1, 2014, and before the date of the enactment of this Act.

   Inserted: (2) Certification of firms that did not submit petitions between january 1, 2014, and date of enactment.--

   Inserted: (A) In general.--The Secretary of Commerce shall certify a firm described in subparagraph (B) as eligible to apply for adjustment assistance under section 251 of the Trade Act of 1974, as in effect on the date of the enactment of this Act, if the firm or its representative files a petition for a certification of eligibility under section 251 of the Trade Act of 1974 not later than 90 days after such date of enactment.

   Inserted: (B) Firm described.--A firm described in this subparagraph is a firm that the Secretary determines would have been certified as eligible to apply for adjustment assistance if--

   Inserted: (i) the firm or its representative had filed a petition for a certification of eligibility under section 251 of the Trade Act of 1974 on a date during the period beginning on January 1, 2014, and ending on the day before the date of the enactment of this Act; and

   Inserted: (ii) the provisions of chapter 3 of title II of the Trade Act of 1974, as in effect on such date of enactment, had been in effect on that date during the period described in clause (i).

   Inserted: SEC. 222. SUNSET PROVISIONS.

   Inserted: (a) Application of Prior Law.--Subject to subsection (b), beginning on January 1, 2021, the provisions of chapters 2, 3, 5, and 6 of title II of the Trade Act of 1974 (19 U.S.C. 2271 et seq.), as in effect on January 1, 2014, shall be in effect and apply, except that in applying and administering such chapters--

   Inserted: (1) paragraph (1) of section 231(c) of that Act shall be applied and administered as if subparagraphs (A), (B), and (C) of that paragraph were not in effect;

   Inserted: (2) section 233 of that Act shall be applied and administered--

   Inserted: (A) in subsection (a)--

   Inserted: (i) in paragraph (2), by substituting "104-week period" for "104-week period" and all that follows through "130-week period)"; and

   Inserted: (ii) in paragraph (3)--

   Inserted: (I) in the matter preceding subparagraph (A), by substituting "65" for "52"; and

   Inserted: (II) by substituting "78-week period" for "52-week period" each place it appears; and

   Inserted: (B) by applying and administering subsection (g) as if it read as follows:

   Inserted: "(g) Payment of Trade Readjustment Allowances To Complete Training.--Notwithstanding any other provision of this section, in order to assist an adversely affected worker to complete training approved for the worker under section 236 that leads to the completion of a degree or industry-recognized credential, payments may be made as trade readjustment allowances for not more than 13 weeks within such period of eligibility as the Secretary may prescribe to account for a break in training or for justifiable cause that follows the last week for which the worker is otherwise entitled to a trade readjustment allowance under this chapter if--

   Inserted: "(1) payment of the trade readjustment allowance for not more than 13 weeks is necessary for the worker to complete the training;

   Inserted: "(2) the worker participates in training in each such week; and

   Inserted: "(3) the worker--

   Inserted: "(A) has substantially met the performance benchmarks established as part of the training approved for the worker;

   Inserted: "(B) is expected to continue to make progress toward the completion of the training; and

   Inserted: "(C) will complete the training during that period of eligibility.";

   Inserted: (3) section 234 shall be applied and administered as in effect on December 31, 2013;

   Inserted: (4) section 245(a) of that Act shall be applied and administered by substituting "2021" for "2007";

   Inserted: (5) section 246(b)(1) of that Act shall be applied and administered by substituting "December 31, 2021" for "the date that is 5 years" and all that follows through "State";

   Inserted: (6) section 256(b) of that Act shall be applied and administered by substituting "the 1-year period beginning on January 1, 2021" for "each of fiscal years 2003 through 2007, and $4,000,000 for the 3-month period beginning on October 1, 2007";

   Inserted: (7) section 298(a) of that Act shall be applied and administered by substituting "the 1-year period beginning on January 1, 2021" for "each of the fiscal years" and all that follows through "October 1, 2007"; and

   Inserted: (8) section 285 of that Act shall be applied and administered--

   Inserted: (A) in subsection (a), by substituting "2021" for "2007" each place it appears; and

   Inserted: (B) by applying and administering subsection (b) as if it read as follows:

   Inserted: "(b) Other Assistance.--

   Inserted: "(1) Assistance for firms.--

   Inserted: "(A) In general.--Except as provided in subparagraph (B), assistance may not be provided under chapter 3 after December 31, 2021.

   Inserted: "(B) Exception.--Notwithstanding subparagraph (A), any assistance approved under chapter 3 pursuant to a petition filed under section 251 on or before December 31, 2021, may be provided--

   Inserted: "(i) to the extent funds are available pursuant to such chapter for such purpose; and

   Inserted: "(ii) to the extent the recipient of the assistance is otherwise eligible to receive such assistance.

   Inserted: "(2) Farmers.--

   Inserted: "(A) In general.--Except as provided in subparagraph (B), assistance may not be provided under chapter 6 after December 31, 2021.

   Inserted: "(B) Exception.--Notwithstanding subparagraph (A), any assistance approved under chapter 6 on or before December 31, 2021, may be provided--

   Inserted: "(i) to the extent funds are available pursuant to such chapter for such purpose; and

   Inserted: "(ii) to the extent the recipient of the assistance is otherwise eligible to receive such assistance.".

   Inserted: (b) Exceptions.--The provisions of chapters 2, 3, 5, and 6 of title II of the Trade Act of 1974, as in effect on the date of the enactment of this Act, shall continue to apply on and after January 1, 2021, with respect to--

   Inserted: (1) workers certified as eligible for trade adjustment assistance benefits under chapter 2 of title II of that Act pursuant to petitions filed under section 221 of that Act before January 1, 2021;

   Inserted: (2) firms certified as eligible for technical assistance or grants under chapter 3 of title II of that Act pursuant to petitions filed under section 251 of that Act before January 1, 2021; and

   Inserted: (3) agricultural commodity producers certified as eligible for technical or financial assistance under chapter 6 of title II of that Act pursuant to petitions filed under section 292 of that Act before January 1, 2021.

   Inserted: Subtitle D--Health Coverage Tax Credit SEC. 231. EXTENSION AND MODIFICATION OF HEALTH COVERAGE TAX CREDIT.

   Inserted: (a) Extension.--Subparagraph (B) of section 35(b)(1) of the Internal Revenue Code of 1986 is amended by striking "before January 1, 2014" and inserting "before January 1, 2021".

   Inserted: (b) Increase.--Subsection (a) of section 35 of the Internal Revenue Code of 1986 is amended by striking "72.5 percent" and inserting "80 percent".

   Inserted: (c) Coordination With PPACA Credit for Coverage Under a Qualified Health Plan.--

   Inserted: (1) In general.--Subsection (a) of section 35 of the Internal Revenue Code of 1986 is amended by striking "In the case of an individual," and inserting "In the case of an individual who elects the application of this section for the taxable year,".

   Inserted: (2) Coordination rule.--Subsection (g) of section 35 of such Code is amended by redesignating paragraph (11) as paragraph (12) and by inserting after paragraph (10) the following:

   Inserted: "(11) Coordination with premium tax credit.--

   Inserted: "(A) In general.--In the case of a taxpayer who elects the application of this section for any taxable year, no credit shall be allowed under section 36B with respect to such taxpayer for such taxable year.

   Inserted: "(B) Election.--Any election for this section to apply for a taxable year, once made, shall be irrevocable.".

   Inserted: (3) Advance payment.--Section 7527 of such Code is amended by adding at the end the following new subsection:

   Inserted: "(f) Coordination With Advance Payment of Premium Tax Credit.--No payment shall be made under this section on behalf of any individual with respect to whom any advance payment is made under section 1412 of the Patient Protection and Affordable Care Act for the taxable year.".

   Inserted: (4) Procedures.--The Secretary of the Treasury shall issue such procedures and guidance as may be necessary or appropriate to coordinate, and facilitate taxpayer choices between, advance payments under section 7527 of the Internal Revenue Code of 1986 and section 1412 of the Patient Protection and Affordable Care Act.

   Inserted: (d) Health Plans Offered Through Exchange Treated as Qualified Health Insurance.--Paragraph (1) of section 35(e) of such Code is amended by adding at the end the following new subparagraph:

   Inserted: "(L) Coverage under a qualified health plan which was enrolled in through an Exchange established under title I of the Patient Protection and Affordable Care Act.".

   Inserted: (e) Effective Date.--

   Inserted: (1) In general.--The amendments made by this section shall apply to coverage months beginning after December 31, 2013.

   Inserted: (2) Advance payment provisions.--The amendment made by subsection (c)(3) shall apply to certificates issued after the date of the enactment of this Act.

   Inserted: SEC. 232. TAA PRE-CERTIFICATION RULE FOR PURPOSES OF DETERMINING WHETHER THERE IS A 63-DAY LAPSE IN CREDITABLE COVERAGE.

   Inserted: (a) In General.--The following provisions are each amended by striking "January 1, 2014" and inserting "January 1, 2021":

   Inserted: (1) Section 9801(c)(2)(D).

   Inserted: (2) Section 701(c)(2)(C) of the Employee Retirement Income Security Act of 1974.

   Inserted: (3) Section 2701(c)(2)(C) of the Public Health Service Act (as in effect for plan years beginning before January 1, 2014).

   Inserted: (4) Section 2704(c)(2)(C) of the Public Health Service Act (as in effect for plan years beginning on or after January 1, 2014).

   Inserted: (b) Effective Date.--

   Inserted: (1) In general.--The amendments made by this section shall apply to plan years beginning after December 31, 2013.

   Inserted: (2) Transitional rules.--

   Inserted: (A) Benefit determinations.--Notwithstanding the amendments made by this section (and the provisions of law amended thereby), a plan shall not be required to modify benefit determinations for the period beginning on January 1, 2014, and ending 30 days after the date of the enactment of this Act, but a plan shall not fail to be qualified health insurance within the meaning of section 35(e) of the Internal Revenue Code of 1986 during this period merely due to such failure to modify benefit determinations.

   Inserted: (B) Guidance concerning periods before 30 days after enactment.--Except as provided in subparagraph (A), the Secretary of the Treasury (or his designee), in consultation with the Secretary of Health and Human Services and the Secretary of Labor, may issue regulations or other guidance regarding the scope of the application of the amendments made by this section to periods before the date which is 30 days after the date of the enactment of this Act.

   Inserted: (C) Special rule relating to certain loss of coverage.--In the case of a TAA-related loss of coverage (as defined in section 4980B(f)(5)(C)(iv) of the Internal Revenue Code of 1986) that occurs during the period beginning on January 1, 2014, and ending 30 days after the date of the enactment of this Act, the 7-day period described in section 9801(c)(2)(D) of the Internal Revenue Code of 1986, section 701(c)(2)(C) of the Employee Retirement Income Security Act of 1974, and section 2701(c)(2)(C) of the Public Health Service Act shall be extended until 30 days after such date of enactment.

   Inserted: SEC. 233. EXTENSION OF COBRA BENEFITS FOR CERTAIN TAA-ELIGIBLE INDIVIDUALS AND PBGC RECIPIENTS.

   Inserted: (a) In General.--The following provisions are each amended by striking "January 1, 2014" and inserting "January 1, 2021":

   Inserted: (1) Section 4980B(f)(2)(B)(i)(V).

   Inserted: (2) Section 4980B(f)(2)(B)(i)(VI).

   Inserted: (3) Section 602(2)(A)(v) of the Employee Retirement Income Security Act of 1974.

   Inserted: (4) Section 602(2)(A)(vi) of such Act.

   Inserted: (5) Section 2202(2)(A)(iv) of the Public Health Service Act.

   Inserted: (b) Effective Date.--The amendments made by this section shall apply to periods of coverage which would (without regard to the amendments made by this section) end on or after the date which is 30 days after the date of the enactment of this Act.

   Inserted: Subtitle E--Offsets SEC. 241. ADDITIONAL CUSTOMS USER FEES EXTENSION.

   Inserted: (a) In General.--Section 13031(j)(3) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)) is amended--

   Inserted: (1) in subparagraph (B)(i), by striking "September 30, 2024" and inserting "September 30, 2025"; and

   Inserted: (2) by adding at the end the following:

   Inserted: "(D) Fees may be charged under paragraphs (9) and (10) of subsection (a) during the period beginning on July 29, 2025, and ending on September 30, 2025.".

   Inserted: (b) Rate for Merchandise Processing Fees.--Section 503 of the United States-Korea Free Trade Agreement Implementation Act (Public Law 112-41; 125 Stat. 460) is amended by adding at the end the following:

   Inserted: "(c) Further Additional Period.--For the period beginning on July 15, 2025, and ending on September 30, 2025, section 13031(a)(9) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(a)(9)) shall be applied and administered--

   Inserted: "(1) in subparagraph (A), by substituting '0.3464' for '0.21'; and

   Inserted: "(2) in subparagraph (B)(i), by substituting '0.3464' for '0.21'.".

   Inserted: SEC. 242. TIME FOR PAYMENT OF CORPORATE ESTIMATED TAXES.

   Inserted: Notwithstanding section 6655 of the Internal Revenue Code of 1986, in the case of a corporation with assets of not less than $1,000,000,000 (determined as of the end of the preceding taxable year)--

   Inserted: (1) the amount of any required installment of corporate estimated tax which is otherwise due in July, August, or September of 2020 shall be increased by 8 percent of such amount (determined without regard to any increase in such amount not contained in such Code); and

   Inserted: (2) the amount of the next required installment after an installment referred to in paragraph (1) shall be appropriately reduced to reflect the amount of the increase by reason of such paragraph.

   Inserted: SEC. 243. PAYEE STATEMENT REQUIRED TO CLAIM CERTAIN EDUCATION TAX BENEFITS.

   Inserted: (a) American Opportunity Credit, Hope Scholarship Credit, and Lifetime Learning Credit.--

   Inserted: (1) In general.--Section 25A(g) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

   Inserted: "(8) Payee statement requirement.--Except as otherwise provided by the Secretary, no credit shall be allowed under this section unless the taxpayer receives a statement furnished under section 6050S(d) which contains all of the information required by paragraph (2) thereof.".

   Inserted: (2) Statement received by dependent.--Section 25A(g)(3) of such Code is amended by striking "and" at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting ", and", and by adding at the end the following:

   Inserted: "(C) a statement described in paragraph (8) and received by such individual shall be treated as received by the taxpayer.".

   Inserted: (b) Deduction for Qualified Tuition and Related Expenses.--Section 222(d) of such Code is amended by redesignating paragraph (6) as paragraph (7), and by inserting after paragraph (5) the following new paragraph:

   Inserted: "(6) Payee statement requirement.--

   Inserted: "(A) In general.--Except as otherwise provided by the Secretary, no deduction shall be allowed under subsection (a) unless the taxpayer receives a statement furnished under section 6050S(d) which contains all of the information required by paragraph (2) thereof.

   Inserted: "(B) Statement received by dependent.--The receipt of the statement referred to in subparagraph (A) by an individual described in subsection (c)(3) shall be treated for purposes of subparagraph (A) as received by the taxpayer.".

   Inserted: (c) Information Required To Be Provided on Payee Statement.--Section 6050S(d)(2) of such Code is amended to read as follows:

   Inserted: "(2) the information required by subsection (b)(2).".

   Inserted: (d) Effective Date.--The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

   Inserted: SEC. 244. SPECIAL RULE FOR EDUCATIONAL INSTITUTIONS UNABLE TO COLLECT TINS OF INDIVIDUALS WITH RESPECT TO HIGHER EDUCATION TUITION AND RELATED EXPENSES.

   Inserted: (a) In General.--Section 6724 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

   Inserted: "(f) Special Rule for Returns of Educational Institutions Related to Higher Education Tuition and Related Expenses.--No penalty shall be imposed under section 6721 or 6722 solely by reason of failing to provide the TIN of an individual on a return or statement required by section 6050S(a)(1) if the eligible educational institution required to make such return contemporaneously makes a true and accurate certification under penalty of perjury (and in such form and manner as may be prescribed by the Secretary) that it has complied with standards promulgated by the Secretary for obtaining such individual's TIN.".

   Inserted: (b) Effective Date.--The amendments made by this section shall apply to returns required to be made, and statements required to be furnished, after December 31, 2015.

   Inserted: SEC. 245. PENALTY FOR FAILURE TO FILE CORRECT INFORMATION RETURNS AND PROVIDE PAYEE STATEMENTS.

   Inserted: (a) In General.--Section 6721(a)(1) of the Internal Revenue Code of 1986 is amended--

   Inserted: (1) by striking "$100" and inserting "$250"; and

   Inserted: (2) by striking "$1,500,000" and inserting "$3,000,000".

   Inserted: (b) Reduction Where Correction in Specified Period.--

   Inserted: (1) Correction within 30 days.--Section 6721(b)(1) of such Code is amended--

   Inserted: (A) by striking "$30" and inserting "$50";

   Inserted: (B) by striking "$100" and inserting "$250"; and

   Inserted: (C) by striking "$250,000" and inserting "$500,000".

   Inserted: (2) Failures corrected on or before august 1.--Section 6721(b)(2) of such Code is amended--

   Inserted: (A) by striking "$60" and inserting "$100";

   Inserted: (B) by striking "$100" (prior to amendment by subparagraph (A)) and inserting "$250"; and

   Inserted: (C) by striking "$500,000" and inserting "$1,500,000".

   Inserted: (c) Lower Limitation for Persons With Gross Receipts of Not More Than $5,000,000.--Section 6721(d)(1) of such Code is amended--

   Inserted: (1) in subparagraph (A)--

   Inserted: (A) by striking "$500,000" and inserting "$1,000,000"; and

   Inserted: (B) by striking "$1,500,000" and inserting "$3,000,000";

   Inserted: (2) in subparagraph (B)--

   Inserted: (A) by striking "$75,000" and inserting "$175,000"; and

   Inserted: (B) by striking "$250,000" and inserting "$500,000"; and

   Inserted: (3) in subparagraph (C)--

   Inserted: (A) by striking "$200,000" and inserting "$500,000"; and

   Inserted: (B) by striking "$500,000" (prior to amendment by subparagraph (A)) and inserting "$1,500,000".

   Inserted: (d) Penalty in Case of Intentional Disregard.--Section 6721(e) of such Code is amended--

   Inserted: (1) by striking "$250" in paragraph (2) and inserting "$500"; and

   Inserted: (2) by striking "$1,500,000" in paragraph (3)(A) and inserting "$3,000,000".

   Inserted: (e) Failure To Furnish Correct Payee Statements.--

   Inserted: (1) In general.--Section 6722(a)(1) of such Code is amended--

   Inserted: (A) by striking "$100" and inserting "$250"; and

   Inserted: (B) by striking "$1,500,000" and inserting "$3,000,000".

   Inserted: (2) Reduction where correction in specified period.--

   Inserted: (A) Correction within 30 days.--Section 6722(b)(1) of such Code is amended--

   Inserted: (i) by striking "$30" and inserting "$50";

   Inserted: (ii) by striking "$100" and inserting "$250"; and

   Inserted: (iii) by striking "$250,000" and inserting "$500,000".

   Inserted: (B) Failures corrected on or before august 1.--Section 6722(b)(2) of such Code is amended--

   Inserted: (i) by striking "$60" and inserting "$100";

   Inserted: (ii) by striking "$100" (prior to amendment by clause (i)) and inserting "$250"; and

   Inserted: (iii) by striking "$500,000" and inserting "$1,500,000".

   Inserted: (3) Lower limitation for persons with gross receipts of not more than $5,000,000.--Section 6722(d)(1) of such Code is amended--

   Inserted: (A) in subparagraph (A)--

   Inserted: (i) by striking "$500,000" and inserting "$1,000,000"; and

   Inserted: (ii) by striking "$1,500,000" and inserting "$3,000,000";

   Inserted: (B) in subparagraph (B)--

   Inserted: (i) by striking "$75,000" and inserting "$175,000"; and

   Inserted: (ii) by striking "$250,000" and inserting "$500,000"; and

   Inserted: (C) in subparagraph (C)--

   Inserted: (i) by striking "$200,000" and inserting "$500,000"; and

   Inserted: (ii) by striking "$500,000" (prior to amendment by subparagraph (A)) and inserting "$1,500,000".

   Inserted: (4) Penalty in case of intentional disregard.--Section 6722(e) of such Code is amended--

   Inserted: (A) by striking "$250" in paragraph (2) and inserting "$500"; and

   Inserted: (B) by striking "$1,500,000" in paragraph (3)(A) and inserting "$3,000,000".

   Inserted: (f) Effective Date.--The amendments made by this section shall apply with respect to returns and statements required to be filed after December 31, 2015.

   Inserted: SEC. 246. CHILD TAX CREDIT NOT REFUNDABLE FOR TAXPAYERS ELECTING TO EXCLUDE FOREIGN EARNED INCOME FROM TAX.

   Inserted: (a) In General.--Section 24(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

   Inserted: "(5) Exception for taxpayers excluding foreign earned income.--Paragraph (1) shall not apply to any taxpayer for any taxable year if such taxpayer elects to exclude any amount from gross income under section 911 for such taxable year.".

   Inserted: (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2014.

   Inserted: SEC. 247. COVERAGE AND PAYMENT FOR RENAL DIALYSIS SERVICES FOR INDIVIDUALS WITH ACUTE KIDNEY INJURY.

   Inserted: (a) Coverage.--Section 1861(s)(2)(F) of the Social Security Act (42 U.S.C. 1395x(s)(2)(F)) is amended by inserting before the semicolon the following: ", including such renal dialysis services furnished on or after January 1, 2017, by a renal dialysis facility or provider of services paid under section 1881(b)(14) to an individual with acute kidney injury (as defined in section 1834(r)(2))".

   Inserted: (b) Payment.--Section 1834 of the Social Security Act (42 U.S.C. 1395m) is amended by adding at the end the following new subsection:

   Inserted: "(r) Payment for Renal Dialysis Services for Individuals With Acute Kidney Injury.--

   Inserted: "(1) Payment rate.--In the case of renal dialysis services (as defined in subparagraph (B) of section 1881(b)(14)) furnished under this part by a renal dialysis facility or provider of services paid under such section during a year (beginning with 2017) to an individual with acute kidney injury (as defined in paragraph (2)), the amount of payment under this part for such services shall be the base rate for renal dialysis services determined for such year under such section, as adjusted by any applicable geographic adjustment factor applied under subparagraph (D)(iv)(II) of such section and may be adjusted by the Secretary (on a budget neutral basis for payments under this paragraph) by any other adjustment factor under subparagraph (D) of such section.

   Inserted: "(2) Individual with acute kidney injury defined.--In this subsection, the term 'individual with acute kidney injury' means an individual who has acute loss of renal function and does not receive renal dialysis services for which payment is made under section 1881(b)(14).".

   Inserted: SEC. 248. CLARIFICATION OF 6-YEAR STATUTE OF LIMITATIONS IN CASE OF OVERSTATEMENT OF BASIS.

   Inserted: (a) In General.--Subparagraph (B) of Section 6501(e)(1) of the Internal Revenue Code of 1986 is amended--

   Inserted: (1) by striking "and" at the end of clause (i), by redesignating clause (ii) as clause (iii), and by inserting after clause (i) the following new clause:

   Inserted: "(ii) An understatement of gross income by reason of an overstatement of unrecovered cost or other basis is an omission from gross income;";

   Inserted: (2) by inserting "(other than in the case of an overstatement of unrecovered cost or other basis)" in clause (iii) (as so redesignated) after "In determining the amount omitted from gross income"; and

   Inserted: (3) by inserting "AMOUNT OMITTED FROM" after "DETERMINATION OF" in the heading thereof.

   Inserted: (b) Effective Date.--The amendments made by subsection (a) shall apply to--

   Inserted: (1) returns filed after the date of the enactment of this Act; and

   Inserted: (2) returns filed on or before such date if the period specified in section 6501 of the Internal Revenue Code of 1986 (determined without regard to such amendments for assessment of the taxes with respect to which such return relates has not expired as of such date.

   Original wording

   At the end, add the following:

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As printed