Summary: Job Creation Act of 2011 - Title I: Trade - Expresses the sense of Congress that: (1) Congress should continue to work with the Administration to expand trading markets; (2) the President should pursue quick entry into force of the United States-Colombia Trade Promotion Agreement, the United States-Panama Trade Promotion Agreement, and the United States-Korea Free Trade Agreement; and (3) the future growth of the U.S. economy requires this pro-growth strategy. Expresses the sense of Congress that China's intellectual property rights violations are a problem for the U.S. economy. Title II: Tax Reform - Expresses the sense of Congress that reforming the federal tax code will benefit taxpayers and the U.S. economy. Title III: Balanced Budget Amendment - Expresses the sense of Congress that it needs to pass a balanced budget amendment to the U.S. Constitution and send it to the states for ratification. Title IV: Energy - American Energy Independence and Price Reduction Act - Directs the Secretary of the Interior to implement a competitive leasing program for the exploration, development, and production of the oil and gas resources on the Coastal Plain of Alaska. Amends the Alaska National Interest Lands Conservation Act of 1980 to repeal the prohibition against leasing or other development leading to production of oil and gas from the Arctic National Wildlife Refuge (ANWR). Deems any oil and gas leasing programs and activities authorized by this Act to be in compliance with ANWR purposes. Authorizes the Secretary to designate up to 45,000 acres of the Coastal Plain as a Special Area, after consultation with the state of Alaska, the city of Kaktovik, and the North Slope Borough. Permits directional drilling in the Special Area. Prescribes procedures governing Coastal Plain lease sales, as well as terms and conditions, including: (1) environmental protection; (2) federal and state distribution of revenues; (3) rights-of-way; and (4) local government impact aid and community service assistance. Sets forth: (1) a "no significant adverse effect" standard to govern Coastal Plain activities; and (2) guidelines for expedited judicial review of complaints. Establishes the ANWR Alternative Energy Trust Fund. Title V: Reduction In Federal Workforce - Requires the Office of Management and Budget (OMB) to take appropriate measures to ensure that: (1) the total number of federal employees, beginning in FY2015, does not exceed 90% of the total number of such employees as of September 30, 2011; (2) until the end of FY 2014,agencies do not appoint more than one employee for every three employees retiring or otherwise separating from government service; and (3) there is no increase in the procurement of service contracts due to this Act unless a cost comparison demonstrates that such contracts would be financially advantageous to the federal government. Requires OMB to continuously monitor all agencies and make a determination as to whether the total number of federal employees exceeds the limitation imposed by this Act. Prohibits a federal agency from filling any vacancy unless OMB provides written notice to the President and Congress that the number of federal employees does not exceed the limitation established by this Act. Allows the President to waive the workforce limitations imposed by this Act if the President determines that the existence of a state of war or other national security concern or the existence of an extraordinary emergency threatening life, health, public safety, property, or the environment so requires. Allows the President additional discretion to waive such workforce limitations if the President determines that the efficiency of a federal agency or the performance of its critical mission so requires. Title VI: Repeal of Employer Health Insurance Mandate - Amends the Internal Revenue Code to repeal provisions added by the Patient Protection and Affordable Care Act requiring certain employers who have a workforce of 50 or more full-time employees to provide health insurance coverage for their employees. Title VII: Secret Ballot Protection Act - Secret Ballot Protection Act - Amends the National Labor Relations Act to make it an unfair labor practice for: (1) an employer to recognize or bargain collectively with a labor organization that has not been selected by a majority of the employees in a unit appropriate for such purposes in a secret ballot election conducted by the National Labor Relations Board (NLRB), or (2) a labor organization to cause or attempt to cause an employer to recognize or bargain collectively with a representative that has not been selected in such manner. Title VIII: Federal Rules of Civil Procedure Improvements - Amends Rule 11 of the Federal Rules of Civil Procedure (sanctions for filing a frivolous lawsuit) to: (1) require courts to award reasonable expenses, including attorney's fees, to a prevailing party in a Rule 11 proceeding (currently discretionary); and (2) eliminate the 21-day period allowed for withdrawing or correcting a claim deemed frivolous. Requires state courts to apply Rule 11 to actions in state courts that substantially affect interstate commerce. Limits venue for personal injury claims filed in state or federal courts to the county or district: (1) in which the plaintiff or defendant resides, (2) where the plaintiff resided at the time of the alleged injury, or (3) the district in which the defendant's principal place of business is located. Imposes additional sanctions: (1) on attorneys who are found to violate Rule 11 three or more times, and (2) for willful and intentional destruction of documents relevant to a pending action in federal court. Establishes a rebuttable presumption of a Rule 11 violation if a plaintiff attempts to litigate a claim that has already been litigated and lost on the merits. Prohibits a court in a Rule 11 proceeding from ordering the nondisclosure of the record of the proceeding unless the court makes a specific finding of fact that justifies such an order. Title IX: Regulatory Flexibility Improvements Act of 2011 - Regulatory Flexibility Improvements Act of 2011 - Amends the Regulatory Flexibility Act of 1980 (RFA) to revise the definition of "rule" under such Act to exclude a rule of particular (and not general) applicability relating to rates, wages, and other financial indicators and to define "economic impact" with respect to a proposed or final rule as any direct economic effect on small entities from such rule and any indirect economic effect on small entities that is reasonably foreseeable and that results from such rule. Includes tribal organizations within the definition of "small governmental jurisdictions" for purposes of such Act. Requires initial and final regulatory flexibility analyses to: (1) describe alternatives to a proposed rule that minimize any adverse significant economic impact or maximize the beneficial significant economic impact on small entities, and (2) include revisions or amendments to a land management plan developed by the Secretary of Agriculture or the Secretary of the Interior under specified Acts. Expands elements of initial and final regulatory flexibility analyses under RFA to include estimates and descriptions of the cumulative economic impact of a proposed rule on a small entity. Repeals provisions allowing a waiver or delay of the completion of an initial regulatory flexibility analysis. Requires the Chief Counsel for Advocacy of the Small Business Administration (SBA) to issue rules governing federal agency compliance with RFA requirements. Authorizes the Chief Counsel to modify or amend such rules, to intervene in agency adjudication relating to such rules, and to inform an agency of the impact of its rulemaking on small entities. Revises requirements for agency notification of the SBA Chief Counsel for Advocacy prior to the publication of any proposed rule. Requires agencies to provide the Chief Counsel with: (1) all materials prepared or utilized in making the proposed rule, and (2) information on the potential adverse and beneficial economic impacts of the proposed rule on small entities. Requires each agency to publish in the Federal Register a plan for the periodic review of existing and new rules that have a significant impact on a substantial number of small entities to determine whether such rules should be continued, changed, or rescinded. Provides for judicial review of an agency final rule for compliance with RFA requirements after the publication of such rule. Grants federal courts of appeal jurisdiction to review all final rules issued in accordance with RFA.

job creation act title trade expresses sense congress congress continue work administration expand trading markets president pursue quick entry force united_states colombia trade promotion agreement united_states panama trade promotion agreement united_states korea free trade agreement future growth economy requires pro growth strategy expresses sense congress china intellectual property rights violations problem economy title tax reform expresses sense congress reforming federal tax code benefit taxpayers economy title iii balanced_budget amendment expresses sense congress needs pass balanced_budget amendment constitution send states ratification title energy american_energy_independence price reduction act_-_directs secretary interior implement competitive leasing program exploration development production oil gas resources coastal_plain_of_alaska amends alaska_national_interest_lands_conservation_act repeal prohibition leasing development leading production oil gas arctic_national_wildlife_refuge anwr deems oil gas leasing programs activities authorized act compliance anwr purposes authorizes secretary designate acres coastal_plain special_area consultation state alaska city kaktovik north_slope_borough permits directional drilling special_area prescribes procedures governing coastal_plain lease sales terms conditions including environmental protection federal state distribution revenues rights way local government impact aid community service assistance sets forth significant adverse effect standard govern coastal_plain activities guidelines expedited judicial review complaints establishes anwr_alternative_energy_trust_fund title reduction federal workforce requires office_of_management_and_budget omb appropriate measures ensure total number federal employees beginning fy2015 exceed total number employees september end appoint employee employees retiring separating government service increase procurement service contracts act cost comparison demonstrates contracts financially advantageous federal_government requires omb continuously monitor agencies determination total number federal employees exceeds limitation imposed act prohibits federal agency filling vacancy omb provides written notice president congress number federal employees exceed limitation established act allows president waive workforce limitations imposed act president determines existence state war national security concern existence extraordinary emergency threatening life health public safety property environment requires allows president additional discretion waive workforce limitations president determines efficiency federal agency performance critical mission requires title repeal employer health insurance mandate amends_the_internal_revenue_code repeal provisions added patient_protection affordable care act requiring certain employers workforce time employees provide health insurance coverage employees title vii secret ballot protection act secret ballot protection act_-_amends national_labor_relations_act unfair labor practice employer recognize bargain collectively labor organization selected majority employees unit appropriate purposes secret ballot election conducted national_labor_relations_board nlrb labor organization cause attempt cause employer recognize bargain collectively representative selected manner title viii federal_rules_of_civil_procedure improvements amends rule federal_rules_of_civil_procedure sanctions filing frivolous lawsuit require courts award reasonable expenses including attorney fees prevailing party rule proceeding currently discretionary eliminate day period allowed withdrawing correcting claim deemed frivolous requires state courts apply rule actions state courts substantially affect interstate commerce limits venue personal injury claims filed state federal courts county district plaintiff defendant resides plaintiff resided time alleged injury district defendant principal place business located imposes additional sanctions attorneys found violate rule times willful intentional destruction documents relevant pending action federal court establishes rebuttable presumption rule violation plaintiff attempts litigate claim lost merits prohibits court rule proceeding ordering nondisclosure record proceeding court makes specific finding fact justifies order title regulatory flexibility improvements act regulatory flexibility improvements act amends regulatory flexibility act rfa revise definition rule act exclude rule particular general applicability relating rates wages financial indicators define economic impact respect proposed final rule direct economic effect small entities rule indirect economic effect small entities reasonably foreseeable results rule includes tribal organizations definition small governmental jurisdictions purposes act requires initial final regulatory flexibility analyses describe alternatives proposed rule minimize adverse significant economic impact maximize beneficial significant economic impact small entities include revisions amendments land management plan developed secretary agriculture secretary interior specified acts expands elements initial final regulatory flexibility analyses rfa include estimates descriptions cumulative economic impact proposed rule small entity repeals provisions allowing waiver delay completion initial regulatory flexibility analysis requires chief counsel advocacy small_business_administration sba issue rules governing federal agency compliance rfa requirements authorizes chief counsel modify amend rules intervene agency adjudication relating rules inform agency impact rulemaking small entities revises requirements agency notification sba chief counsel advocacy prior publication proposed rule requires agencies provide chief counsel materials prepared utilized making proposed rule information potential adverse beneficial economic impacts proposed rule small entities requires agency publish federal_register plan periodic review existing new rules significant impact substantial number small entities determine rules continued changed rescinded provides judicial review agency final rule compliance rfa requirements publication rule grants federal courts appeal jurisdiction review final rules issued accordance rfa


Summary: Rebuild America Act - Establishes grant programs for investment in projects to: (1) modernize, renovate, and repair educational facilities; (2) renovate energy systems, including planning and assessment activities and implementation of energy efficiency and renewable energy projects; and (3) rebuild U.S. infrastructure. Directs the President to develop a comprehensive national manufacturing strategy. Authorizes the Secretary of Commerce to award grants to establish sectoral technology and innovation centers to assist small or medium-sized manufacturers to innovate and develop new products. Amends the Internal Revenue Code to: (1) extend through 2016 the tax credit for increasing research activities, and (2) increase the alternative simplified research tax credit. Requires trade-related legislation introduced in Congress after the enactment of this Act to include provisions providing for labor standards, environmental and public safety standards, and foreign investment in the United States. Provides funding for the Interagency Trade Enforcement Center. Amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the United States from foreign countries with fundamentally undervalued currency. Regional Partnerships for High-Quality Jobs Act - Directs the Secretaries of Labor and Education to establish a grant program to educate and train workers for high-quality employment. College and Career Ready Classrooms Act - Authorizes the Secretary of Education to award grants for the development, implementation, and monitoring of comprehensive, statewide professional development to increase the effectiveness of all teachers in the instruction of college and career-ready state standards and the development and use of curriculum that is aligned with such standards. Provides for allotments to states to prevent layoffs of teachers, law enforcement officers, and first responders and to retain, restore, or expand critical services needed by local communities. Authorizes the Secretary of Health and Human Services (HHS) to award grants to states to increase the availability of high-quality childhood care and education programs. Retirement Security Act of 2012 - Establishes a Commission on Retirement Security to review, and identify problems in, the private retirement system and develop recommendations for improving such system. Amends the Internal Revenue Code and title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to increase funding for social security retirement benefits and to increase the cost-of-living adjustment for such benefits. Healthy Families Act - Allows employees to use accrued paid sick leave to: (1) meet their own medical needs; (2) care for the medical needs of certain family members; or (3) seek medical attention, assist a related person, take legal action, or engage in other specified activities relating to domestic violence, sexual assault, or stalking. Amends the Fair Labor Standards Act to: (1) increase the minimum wage, and (2) revise salary thresholds for payment of overtime pay. Allows a work opportunity tax credit for the hiring of workers who receive disability benefits. Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Increases the capital gains tax rate for certain high-income taxpayers. Amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security: (1) if such purchase occurs on a trading facility located in the United States, or (2) the purchaser or seller is a U.S. person. Defines "security" to include: (1) stocks, partnership interests, notes, bonds, debentures, or other evidences of indebtedness; and (2) interests in a derivative financial instrument (i.e., any option, forward contract, futures contract, notional principal contract, or any similar financial instrument). Imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, and (4) the limit on the foreign tax credit for dual capacity taxpayers (taxpayers who are subject to a tax levy by a foreign country or U.S. possession and who receive a specified economic benefit from such country or possession). Amends the Internal Revenue Code to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, and (2) treat as ordinary income the net capital gain with respect to an investment services partnership interest except to the extent such gain is attributable to a partner's qualified capital interest. Pension Guaranty Improvement Act of 2012 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) revise requirements for the composition and duties of members of the board of directors of the Pension Benefit Guaranty Corporation (PBGC), (2) appoint a Participant and Plan Sponsor Advocate, and (3) provide for an increase in multiemployer plan benefit guarantee and annual premium rates. Pension and Participant Protect Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to expand protections for existing defined benefit pension plans. Fair Playing Field Act of 2012 - Amends the Internal Revenue Code to authorize the Secretary of the Treasury to issue regulations and other guidance on workers' employment tax status (i.e., as an employee or as an independent contractor). Establishes in the Treasury the Rebuild America Trust Fund to provide funding for projects to rebuild infrastructure under this Act.

rebuild america act establishes grant programs investment projects modernize renovate repair educational facilities renovate energy systems including planning assessment activities implementation energy efficiency renewable energy projects rebuild infrastructure directs president develop comprehensive national manufacturing strategy authorizes secretary commerce award grants establish technology innovation centers assist small medium sized manufacturers innovate develop new products amends_the_internal_revenue_code extend tax credit increasing research activities increase alternative simplified research tax credit requires trade related legislation introduced congress enactment act include provisions providing labor standards environmental public safety standards foreign investment united_states provides funding interagency trade enforcement center amends tariff act include countervailable subsidy requiring action countervailing duty antidumping duty proceeding benefit conferred merchandise imported united_states foreign countries fundamentally undervalued currency regional partnerships high quality jobs act_-_directs secretaries labor education establish grant program educate train workers high quality employment college career ready classrooms act_-_authorizes secretary education award grants development implementation monitoring comprehensive statewide professional development increase effectiveness teachers instruction college career ready state standards development use curriculum aligned standards provides allotments states prevent layoffs teachers law enforcement officers responders retain restore expand critical services needed local communities authorizes secretary health_and_human_services hhs award grants states increase availability high quality childhood care education programs retirement security act establishes commission retirement security review identify problems private retirement system develop recommendations improving system amends_the_internal_revenue_code title old age survivors disability_insurance social_security_act increase funding social_security retirement benefits increase cost living adjustment benefits healthy_families_act allows employees use accrued paid sick leave meet medical needs care medical needs certain family members seek medical attention assist related person legal action engage specified activities relating domestic violence sexual_assault stalking amends fair labor standards act increase minimum wage revise salary thresholds payment overtime pay allows work opportunity tax credit hiring workers receive disability benefits amends_the_internal_revenue_code require individual taxpayer adjusted gross income exceeds million pay minimum tax rate excess taxpayer adjusted gross income taxpayer modified charitable contribution deduction taxable year tentative fair share tax establishes tax excess tentative fair share tax excess sum taxpayer regular tax liability alternative minimum tax amt payroll tax taxable year certain tax credits increases capital gains tax rate certain high income taxpayers amends_the_internal_revenue_code impose excise tax purchase security purchase occurs trading facility located united_states purchaser seller person defines security include stocks partnership interests notes bonds debentures evidences indebtedness interests derivative financial instrument option forward contract futures contract notional principal contract similar financial instrument imposes new restrictions corporations entities foreign income respect tax deductions allocable deferred foreign income recalculation foreign income taxes intangible property transferred overseas limit foreign tax credit dual capacity taxpayers taxpayers subject tax levy foreign country possession receive specified economic benefit country possession amends_the_internal_revenue_code set forth special rule inclusion gross income partnership interests transferred connection performance services treat ordinary income net capital gain respect investment services partnership interest extent gain attributable partner qualified capital interest pension guaranty improvement act amends employee retirement income security act erisa revise requirements composition duties members board_of_directors pension_benefit_guaranty_corporation pbgc appoint participant plan sponsor advocate provide increase multiemployer plan benefit guarantee annual premium rates pension participant protect act_-_amends employee retirement income security act erisa expand protections existing defined benefit pension plans fair playing field act amends_the_internal_revenue_code authorize secretary treasury issue regulations guidance workers employment tax status employee independent contractor establishes treasury rebuild america trust_fund provide funding projects rebuild infrastructure act


Summary: Middle Class Success Act - Expresses the sense of the Senate that Congress should: (1) support middle class tax relief; (2) help families afford the cost of college and improve opportunities for a secure retirement; (3) invest in infrastructure and other measures to create good, well-paying jobs; (4) help ensure that families have access to affordable child and elder care; (5) preserve and improve affordable health care; (6) ensure that all workers earn enough to meet basic living standards and do not live in poverty; (7) ensure that tax dollars do not support companies that break the law or mistreat their workers; (8) keep Social Security's promise and block proposals to privatize the program; (9) ensure that families have access to a healthy and clean environment, including access to safe drinking water; (10) ensure that workers can secure representation without employer obstruction; (11) ensure that our streets and communities are safe; and (12) address the serious housing problems facing many American families.

middle class success act expresses sense senate congress support middle class tax relief help families afford cost college improve opportunities secure retirement invest infrastructure measures create good paying jobs help ensure families access affordable child elder care preserve improve affordable health_care ensure workers earn meet basic living standards live poverty ensure tax dollars support companies break law workers social_security promise block proposals program ensure families access healthy clean environment including access safe drinking water ensure workers secure representation employer obstruction ensure streets communities safe address housing problems facing american families


Summary: Motorsports Fairness and Permanency Act - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.

motorsports fairness permanency_act amends_the_internal_revenue_code permanent classification depreciation purposes motorsports entertainment complex seven year property


Summary: American Growth, Recovery, Empowerment, and Entrepreneurship Act or the AGREE Act - Amends the Internal Revenue Code to extend certain tax expenditure provisions for business taxpayers, including: (1) bonus depreciation and expensing of business and investment assets, (2) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, and (3) the tax credit for increasing research expenses. Increases to 20% the rate of the alternative simplified research tax credit and makes such credit permanent. Increases the research tax credit for the research expenses of manufacturers whose domestic production gross receipts exceed 50% of their total production gross receipts. Allows a business-related tax credit of up to $100,000 for 25% of the franchise fees paid or incurred by a veteran for the purchase of a franchise. Amends the Sarbanes-Oxley Act of 2002 to exempt certain small issuers of securities from the internal control reporting and assessment requirements of such Act. Amends the Immigration and Nationality Act to: (1) eliminate the per country numerical limitation for employment-based immigrants, and (2) increase the per country numerical limitation for family based immigrants from 7% to 15% of the total number of family-sponsored visas. Amends the Chinese Student Protection Act of 1992 to eliminate the provision requiring the reduction of annual People's Republic of China immigrant visas to offset status adjustments under such Act. Sets forth a transition period for employment-based immigrant visas and per country distribution rules for reserved and unreserved visas. Authorizes the Secretary of Homeland Security (DHS) to share information and provide: (1) unredacted samples of the products, packaging, and labels, or related photos with trademark right holders if United States Customs and Border Protection suspects an import or export violation under specified provisions of the Lanham Act relating to copied or simulated marks or names; and (2) samples to affected parties upon the seizure of material imported in violation of specified federal copyright laws prohibiting the circumvention of technological measures that control access to or protect a copyrighted work.

american growth recovery empowerment entrepreneurship act agree act amends_the_internal_revenue_code extend certain tax expenditure provisions business taxpayers including bonus depreciation expensing business investment assets exclusion gross income gain sale exchange qualified small business stock tax credit increasing research expenses increases rate alternative simplified research tax credit makes credit permanent increases research tax credit research expenses manufacturers domestic production gross receipts exceed total production gross receipts allows business related tax credit franchise fees paid incurred veteran purchase franchise amends sarbanes-oxley_act exempt certain small issuers securities internal control reporting assessment requirements act amends immigration_and_nationality_act eliminate country numerical limitation employment based immigrants increase country numerical limitation family based immigrants total number family sponsored visas amends chinese_student_protection_act eliminate provision requiring reduction annual people republic china immigrant visas offset status adjustments act sets forth transition period employment based immigrant visas country distribution rules reserved unreserved visas authorizes secretary homeland_security dhs share information provide samples products packaging labels related trademark right holders united_states_customs border_protection suspects import export violation specified provisions act relating copied simulated marks names samples affected parties seizure material imported violation specified federal copyright laws prohibiting circumvention technological measures control access protect copyrighted work


Summary: Jobs Creation Act - Title I: Tax Incentives - Subtitle A: Payroll Tax Holiday - Amends the Tax Relief, Unemployment Reauthorization, and Job Creation Act of 2010 to: (1) extend through 2012 the 2% reduction in employment tax rates for employees and self-employed individuals (payroll tax holiday), (2) allow a 2% reduction of the employment tax rate for employers and tax-exempt organizations, and (3) allow an additional 2% reduction in the tax rate for self-employed individuals. Subtitle B: American Opportunity - American Opportunity Act of 2011 - Amends the Internal Revenue Code to allow a tax credit for 25% of a qualified equity investment in a qualified small business entity (angel investment tax credit). Defines "qualified small business entity" as a domestic corporation or partnership that: (1) is a small business headquartered in the United States; (2) is engaged in a high technology trade or business; (3) has been in existence for less than five years as of the date of the qualified equity investment; and (4) employs less than 100 full-time employees, more than 50% of whom perform substantially all of their services in the United States. Limits the dollar amount of such credit to $500 million for each of calendar years 2011 through 2015. Subtitle C: Extension of Expiring Provisions - Amends the Internal Revenue Code to extend for one year: (1) bonus depreciation and the 100% expensing allowance for depreciable business assets; (2) the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; (3) the tax deduction for qualified tuition and related expenses; (4) the tax credit for increasing research activities; (5) accelerated depreciation for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements; (6) the tax deductions for charitable contributions of food inventory and book inventories to public elementary or secondary schools; and (7) the tax deduction for corporate contributions of computer technology or equipment for educational purposes. Title II: Infrastructure Provisions - Revises the state infrastructure bank program to make $10 billion available to the Secretary of Transportation (DOT) to make a special single allocation to each state for deposit into the state infrastructure bank. Authorizes a state to use 20% of allocated funds for: (1) investigating the viability of identifying revenue sources for repayment capital transportation projects, (2) technical assistance, (3) promotion to potential borrowers, and (4) other activities to enhance the project pipeline. Directs the Secretary to make allocations to each state that elects not to establish, or is prohibited by state law from establishing, an infrastructure bank of: (1) 20% of funds that would otherwise be allocated to the state for such activities, or (2) 10% of funds that would otherwise be allocated for other surface transportation projects. Appropriates $25 billion to the Secretary for: (1) certain highway improvement projects (including bridges on public roads), (2) seismic retrofit and painting of bridges, and (3) mitigation costs to address adverse impacts of projects. Prescribes the federal share of project costs at up to 100%. Makes $800 million available to the Administrator of the Environmental Protection Agency (EPA) for state water pollution control revolving funds and state drinking water treatment revolving loan funds. Title III: Regulatory Reform - Subtitle A: Clearing Unnecessary Regulatory Burdens - Clearing Unnecessary Regulatory Burdens Act or the CURB Act - Requires each federal agency to: (1) report to the Office of Information and Regulatory Affairs on the costs and benefits of each significant regulatory action and of identified alternatives; (2) develop or have written procedures for the approval of significant guidance documents; (3) maintain on its website a list of such documents in effect; (4) establish and advertise on its website a means for the public to electronically submit comments on such documents and a request for issuance, reconsideration, modification, or rescission of such documents; and (5) publish a notice in the Federal Register announcing that a draft of an economically significant guidance document is available, make such document publicly available, invite comment on such draft, and respond to such comments. Defines a "significant regulatory action" as any regulatory action that is likely to result in a regulation that may: (1) have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities; (2) create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (3) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof; or (4) raise novel legal or policy issues arising out of legal mandates and the priorities, principles, and provisions of this Act. Authorizes an agency head, in consultation with the Administrator of the Office of Information and Regulatory Affairs, to identify a particular document or category of such documents for which the procedures of this Act are not feasible or appropriate. Allows a reduction or waiver of civil penalties on small entities for failure to comply with collection of information or recordkeeping requirements. Subtitle B: EPA Regulatory Relief - EPA Regulatory Relief Act of 2011 - Provides that the following rules shall have no force or effect and shall be treated as though they had never taken effect: (1) the National Emission Standards for Hazardous Air Pollutants for Major Sources: Industrial, Commercial, and Institutional Boilers and Process Heaters; (2) the National Emission Standards for Hazardous Air Pollutants for Area Sources: Industrial, Commercial, and Institutional Boilers; (3) the Standards of Performance for New Stationary Sources and Emission Guidelines for Existing Sources: Commercial and Industrial Solid Waste Incineration Units; and (4) Identification of Non-Hazardous Secondary Materials That are Solid Waste. Requires the EPA Administrator, in place of such rules, to promulgate within 15 months regulations for industrial, commercial, and institutional boilers and process heaters and commercial and industrial solid waste incinerator units subject to such rules, that: (1) establish maximum achievable control technology standards, performance standards, and other requirements for hazardous air pollutants or solid waste combustion under the Clean Air Act; and (2) identify non-hazardous secondary materials that, when used as fuels or ingredients in combustion units of such boilers, heaters, or incinerator units, are solid waste under the Solid Waste Disposal Act for purposes of determining the extent to which such combustion units are required to meet emission standards for such pollutants under such Act. Requires the Administrator to establish compliance dates for such standards and requirements after considering compliance costs, non-air quality health and environmental impacts and energy requirements, the feasibility of implementation, the availability of equipment, suppliers, and labor, and potential net employment impacts. Sets forth guidelines for such rules and regulations, including requiring the Administrator to: (1) ensure that emissions standards for existing and new sources can be met under actual operating conditions consistently and concurrently with emission standards for all other air pollutants regulated by the rule for the source category, and (2) impose the least burdensome regulatory alternative for each regulation promulgated. Requires the Administrator to publish a list of nonhazardous secondary materials that are not solid waste when combusted in units designed for energy recovery. Specifies material to be included in such list. Title IV: Workforce Development - Subtitle A: Job Training Program Consolidation - Job Training Program Consolidation Act of 2011 - Requires the Director of the Office of Management and Budget (OMB) to study the effectiveness of current federal job training programs and the consolidation of duplicative job training programs. Requires the Director to prepare recommendations for legislation that: (1) reduce the number and costs of job training programs, and (2) consolidate all such programs under a single agency that emphasizes job training that develops skills needed by state or local employers. Prescribes uses of saved funds due to recommended legislation, including: (1) half to increase funds for individual training accounts of adults and dislocated workers, and (2) half for federal debt reduction. Subtitle B: Innovation and Job Creation - National Innovation and Job Creation Act of 2011 - Establishes in the Executive Office of the President the National Innovation Council to: (1) formulate federal innovation policy, and (2) provide financial assistance for state and local innovation initiatives. Transfers to the Council several other specified federal programs. Establishes the National Innovation Council Board. Establishes within the Council the CLUSTER (Competitive Leadership for the United States Through its Economic Regions) Information Center (CLIC). Directs the CLIC to maintain a publicly available registry of CLUSTER Initiatives and CLUSTER Programs. Directs the Council to award grants to eligible entities to operate a CLUSTER Grant Program for the award of grants to CLUSTER Initiatives. Directs the Council to award: (1) competitive National Sector Research grants to eligible companies and joint ventures to encourage innovation through research partnerships between U.S. academic institutions and industry research alliances, (2) Productivity Enhancement Research grants to U.S. academic institutions and to joint ventures composed of academic institutions and private companies to support early-staged research into methods of increasing industry productivity and innovation, (3) State Innovation-Based Economic Development Partnership grants to state economic development entities to spur innovation or productivity activities, and (4) Technology Diffusion grants to manufacturing extension partnership centers to promote the diffusion of existing technological innovations to companies in which such innovations are underutilized. Title V: Offsets - Subtitle A: Surtax on High-income Taxpayers - Amends the Internal Revenue Code to impose an additional 2% tax in taxable years beginning after 2012 and before 2023 on the modified adjusted gross income of any individual taxpayer in excess of $1 million. Subtitle B: Closing Big Oil Tax Loopholes - Close Big Oil Tax Loopholes Act - Amends the Internal Revenue Code to deny to any major integrated oil company (an oil company which had gross receipts in excess of $1 billion for its last taxable year ending during 2005 and an average daily worldwide production of crude oil of at least 500,000 barrels for a taxable year): (1) a foreign tax credit if such company is a dual capacity taxpayer (a person who is subject to a levy of a foreign country or U.S. possession and who receives a specific economic benefit from such country or possession directly or indirectly); (2) the tax deduction for income attributable to domestic production of oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses. Amends the Energy Policy Act of 2005 to repeal the authority of the Secretary of the Interior to grant royalty relief (suspension of royalties) for natural gas production from certain deep wells and deep water oil and natural gas production in the Outer Continental Shelf.

jobs creation act title tax incentives subtitle payroll tax holiday amends tax relief unemployment reauthorization job creation act extend reduction employment tax rates employees self employed individuals payroll tax holiday allow reduction employment tax rate employers tax exempt organizations allow additional reduction tax rate self employed individuals subtitle american_opportunity american_opportunity act amends_the_internal_revenue_code allow tax credit qualified equity investment qualified small business entity investment tax credit defines qualified small business entity domestic corporation partnership small business headquartered united_states engaged high technology trade business existence years date qualified equity investment employs time employees perform substantially services united_states limits dollar credit million calendar years subtitle extension expiring provisions amends_the_internal_revenue_code extend year bonus depreciation expensing allowance depreciable business assets election accelerate alternative minimum tax amt credit lieu bonus depreciation tax deduction qualified tuition related expenses tax credit increasing research activities accelerated depreciation qualified leasehold improvements qualified restaurant buildings improvements qualified retail improvements tax deductions charitable contributions food inventory book inventories public elementary secondary schools tax deduction corporate contributions computer technology equipment educational purposes title infrastructure provisions revises state infrastructure bank program billion available secretary transportation dot special single allocation state deposit state infrastructure bank authorizes state use allocated funds investigating viability identifying revenue sources repayment capital transportation projects technical assistance promotion potential borrowers activities enhance project pipeline directs secretary allocations state elects establish prohibited state law establishing infrastructure bank funds allocated state activities funds allocated surface_transportation projects appropriates billion secretary certain highway improvement projects including bridges public roads seismic retrofit bridges mitigation costs address adverse impacts projects prescribes federal share project costs makes million available administrator environmental_protection_agency epa state water pollution control revolving funds state drinking water treatment revolving loan funds title iii regulatory reform subtitle clearing unnecessary regulatory burdens clearing unnecessary regulatory burdens act curb act_-_requires federal agency report office_of_information_and_regulatory_affairs costs benefits significant regulatory action identified alternatives develop written procedures approval significant guidance documents maintain website list documents effect establish advertise website means public electronically submit comments documents request issuance reconsideration modification rescission documents publish notice federal_register announcing draft economically significant guidance document available document publicly available invite comment draft respond comments defines significant regulatory action regulatory action likely result regulation annual effect economy million adversely affect material way economy sector economy productivity competition jobs environment public health safety state local tribal governments communities create inconsistency interfere action taken planned agency materially alter budgetary impact entitlements grants user fees loan programs rights obligations recipients thereof raise novel legal policy issues arising legal mandates priorities principles provisions act authorizes agency head consultation administrator office_of_information_and_regulatory_affairs identify particular document category documents procedures act feasible appropriate allows reduction waiver civil penalties small entities failure comply collection information recordkeeping requirements subtitle epa regulatory relief epa regulatory relief_act provides following rules shall force effect shall treated taken effect national emission standards hazardous air pollutants major sources industrial commercial institutional boilers process heaters national emission standards hazardous air pollutants area sources industrial commercial institutional boilers standards performance new stationary sources emission guidelines existing sources commercial industrial_solid_waste_incineration_units identification non-hazardous_secondary_materials solid_waste requires epa administrator place rules promulgate months regulations industrial commercial institutional boilers process heaters commercial industrial solid_waste incinerator units subject rules establish maximum achievable control technology standards performance standards requirements hazardous air pollutants solid_waste combustion clean_air act identify non-hazardous_secondary_materials fuels ingredients combustion units boilers heaters incinerator units solid_waste solid_waste disposal act purposes determining extent combustion units required meet emission standards pollutants act requires administrator establish compliance dates standards requirements considering compliance costs non air quality health environmental impacts energy requirements feasibility implementation availability equipment suppliers labor potential net employment impacts sets forth guidelines rules regulations including requiring administrator ensure emissions standards existing new sources met actual operating conditions consistently concurrently emission standards air pollutants regulated rule source category impose burdensome regulatory alternative regulation promulgated requires administrator publish list secondary materials solid_waste units designed energy recovery specifies material included list title workforce development subtitle job training program consolidation job training program consolidation act requires director office_of_management_and_budget omb study effectiveness current federal job training programs consolidation duplicative job training programs requires director prepare recommendations legislation reduce number costs job training programs consolidate programs single agency emphasizes job training develops skills needed state local employers prescribes uses saved funds recommended legislation including half increase funds individual training accounts adults dislocated workers half federal debt reduction subtitle innovation job creation national innovation job creation act establishes executive_office president national innovation council formulate federal innovation policy provide financial assistance state local innovation initiatives transfers council specified federal programs establishes national innovation council board establishes council cluster competitive leadership united_states economic regions information center directs maintain publicly available registry cluster initiatives cluster programs directs council award grants eligible entities operate cluster grant program award grants cluster initiatives directs council award competitive national sector research grants eligible companies joint ventures encourage innovation research partnerships academic institutions industry research alliances productivity enhancement research grants academic institutions joint ventures composed academic institutions private companies support early staged research methods increasing industry productivity innovation state innovation based economic development partnership grants state economic development entities spur innovation productivity activities technology diffusion grants manufacturing extension partnership centers promote diffusion existing technological innovations companies innovations underutilized title offsets subtitle surtax high income taxpayers amends_the_internal_revenue_code impose additional tax taxable years beginning modified adjusted gross income individual taxpayer excess million subtitle closing big oil tax loopholes close big oil tax loopholes_act amends_the_internal_revenue_code deny major integrated oil company oil company gross receipts excess billion taxable year ending average daily worldwide production crude oil barrels taxable year foreign tax credit company dual capacity taxpayer person subject levy foreign country possession receives specific economic benefit country possession directly indirectly tax deduction income attributable domestic production oil natural gas primary products thereof tax deduction intangible drilling development costs percentage depletion allowance oil gas wells tax deduction qualified tertiary injectant expenses amends energy policy act repeal authority secretary interior grant royalty relief suspension royalties natural gas production certain deep wells deep water oil natural gas production outer_continental_shelf


Summary: Grow America Act of 2012 - Directs the House Ways and Means Committee and the Senate Committee on Finance to report tax reform legislation for individual and business taxpayers. Requires such legislation to lower the tax burden on individuals and businesses and to simplify the tax system. Amends the Internal Revenue Code to: (1) allow an inflation adjustment to the basis of assets held for more than three years for purposes of determining gain or loss on the sale or exchange of such assets by an individual taxpayer, (2) increase the dividends received deduction for corporations with foreign earnings, and (3) allow an estate tax exclusion of the value of certain family-owned farms or businesses. Prohibits a federal agency from taking any significant regulatory action until the unemployment rate is 7.7% or less. Provides that every exemption from, or special benefit under, any federal law or regulation which is available to any business with up to 200 employees shall be available to every comparable business with 200 or fewer employees. Revises provisions governing congressional review of agency rulemaking to require congressional approval of major rules before they may take effect (currently, major rules take effect unless Congress passes and the President signs a joint resolution disapproving them). Sets forth House and Senate procedures for joint resolutions approving major rules and disapproving non-major rules. Amends the Regulatory Flexibility Act to revise the regulatory process (rulemaking) with respect to small entities (i.e., small businesses, small organizations, and small governmental jurisdictions). Requires each federal agency to establish a plan for the periodic review (every eight years) of: (1) its rules that have a significant adverse economic impact on small entities, and (2) any small entity compliance guide required to be published by an agency. Sets forth criteria for review of a rule, which shall include the continued need for the rule, the complexity of the rule, and the impact of the rule on small entities. Terminates any rule that is determined to have a significant adverse economic effect on small entities if the issuing agency has failed to complete a required periodic review. Allows a small business concern operating in the United States to elect to be exempt from any federal rule or regulation issued on or after January 1, 2008, except a rule or regulation issued by the Department of Defense (DOD) or the Department of Homeland Security (DHS) that such Department's Secretary determines is necessary for national security. Establishes a deadline for action on certain permit applications under existing Outer Continental Shelf (OCS) leases. Amends the Gulf of Mexico Energy Security Act of 2006 to repeal the moratorium on oil and gas leasing in certain areas of the Gulf of Mexico. Directs the Secretary of the Interior to offer for leasing areas made available as a result of such repeal. Directs the Secretary to: (1) offer specified areas for oil and gas leasing under the 2007-2012 Lease Sale Schedules; (2) conduct OCS lease sales in the Atlantic, Pacific, Alaska, and Gulf of Mexico Planning Areas; (3) share OCS receipts derived from all leases with states and local governments; (4) implement a leasing program for certain land within the Arctic Coastal Plain; and (5) issue rights-of-way and easements across the Coastal Plain for oil and gas transportation. Authorizes the Secretary to designate certain Alaska Coastal Plain lands, including the Sadlerochit Spring area, as special areas requiring special management and regulatory protection. Revokes Secretarial Order No. 3310, dated December 22, 2010, relating to protecting wilderness characteristics on lands managed by the Bureau of Land Management (BLM). Amends the Consolidated Appropriations Act, 2008, to repeal the prohibition on the use of funds for either a commercial oil shale leasing program or for oil shale lease sales. Directs the Secretary to offer leases for oil shale resources. Confers exclusive jurisdiction upon the U.S. District Court for the District of Columbia for covered energy projects under this Act. Defines "covered energy project" as any action or decision by the President or a federal official regarding the leasing of federal lands for the exploration, development, production, processing, or transmission of oil, natural gas, or any other source or form of energy. Establishes the Office of the Federal Oil and Gas Permit Coordinator to coordinate the timely completion of all permitting activities by federal and state agencies. Amends the Clean Air Act to redefine "air pollutant" to exclude carbon dioxide, water vapor, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, or sulfur hexafluoride (greenhouse gases). Declares that nothing in specified statutes addressing pollution control shall be treated as authorizing or requiring the regulation of climate change or global warming. Amends the Energy Independence and Security Act of 2007 to repeal the prohibition against federal procurement of alternative or synthetic fuel. Requires the Administrator of the Environmental Protection Agency (EPA), upon request of the governor of a state or the governing body of an Indian tribe, to enter into a streamlined refinery permitting agreement. Sets forth deadlines for: (1) approval or disapproval of consolidated permits for construction of new, or expansion of existing, refineries; and (2) submission of existing refinery permit applications. Requires the EPA Administrator to conduct a research and demonstration program to evaluate the air quality benefits of ultra-clean Fischer-Tropsch transportation fuel, including diesel and jet fuel. Directs the Secretary of the Interior to extend by one year the term of any lease that was: (1) not producing as of April 30, 2010; or (2) suspended from operations, permit processing, or consideration in accordance with the moratorium set forth in a May 30, 2010, Minerals Management Service Notice or the Secretary's decision memorandum dated July 12, 2010. Authorizes TransCanada Keystone Pipeline, L.P. to construct, connect, operate, and maintain pipeline facilities for the import of crude oil and other hydrocarbons at the United States-Canada border at Phillips County, Montana, in accordance with a certain application filed with the Department of State on September 19, 2008. Declares that no permit pursuant to Executive Order 13337 or any other similar executive order regulating such activities at the U.S. border, and no additional environmental impact statement (EIS), shall be required for such Pipeline. Sets forth conditions governing construction, connection, operation, and maintenance of the cross-border facilities in connection with the Pipeline.

grow america act directs house ways_and_means committee senate_committee_on_finance report tax reform legislation individual business taxpayers requires legislation lower tax burden individuals businesses simplify tax system amends_the_internal_revenue_code allow inflation adjustment basis assets held years purposes determining gain loss sale exchange assets individual taxpayer increase dividends received deduction corporations foreign earnings allow estate tax exclusion value certain family owned farms businesses prohibits federal agency taking significant regulatory action unemployment rate provides exemption special benefit federal law regulation available business employees shall available comparable business fewer employees revises provisions governing congressional review agency rulemaking require congressional approval major rules effect currently major rules effect congress passes president signs joint resolution disapproving sets forth house senate procedures joint resolutions approving major rules disapproving non major rules amends regulatory flexibility act revise regulatory process rulemaking respect small entities small businesses small organizations small governmental jurisdictions requires federal agency establish plan periodic review years rules significant adverse economic impact small entities small entity compliance guide required published agency sets forth criteria review rule shall include continued need rule complexity rule impact rule small entities terminates rule determined significant adverse economic effect small entities issuing agency failed complete required periodic review allows small business concern operating united_states elect exempt federal rule regulation issued january rule regulation issued department_of_defense dod department_of_homeland_security dhs department secretary determines necessary national security establishes deadline action certain permit applications existing outer_continental_shelf ocs leases amends gulf_of_mexico_energy_security_act repeal moratorium oil gas leasing certain areas gulf_of_mexico directs secretary interior offer leasing areas available result repeal directs secretary offer specified areas oil gas leasing lease_sale schedules conduct ocs lease sales atlantic pacific alaska gulf_of_mexico planning areas share ocs receipts derived leases states local governments implement leasing program certain land arctic coastal_plain issue rights way easements coastal_plain oil gas transportation authorizes secretary designate certain alaska coastal_plain lands including sadlerochit_spring area special areas requiring special management regulatory protection revokes secretarial order dated december relating protecting wilderness characteristics lands managed bureau_of_land_management blm amends consolidated_appropriations_act repeal prohibition use funds commercial oil_shale leasing program oil_shale lease sales directs secretary offer leases oil_shale resources confers exclusive jurisdiction district_court district_of_columbia covered energy projects act defines covered energy project action decision president federal official leasing federal lands exploration development production processing transmission oil natural gas source form energy establishes office federal oil gas permit coordinator coordinate timely completion permitting activities federal state agencies amends clean_air act redefine air pollutant exclude carbon dioxide water vapor methane nitrous oxide hydrofluorocarbons perfluorocarbons sulfur hexafluoride greenhouse gases declares specified statutes addressing pollution control shall treated authorizing requiring regulation climate change global warming amends energy_independence_and_security_act repeal prohibition federal procurement alternative synthetic fuel requires administrator environmental_protection_agency epa request governor state governing body indian tribe enter streamlined refinery permitting agreement sets forth deadlines approval disapproval consolidated permits construction new expansion existing refineries submission existing refinery permit applications requires epa administrator conduct research demonstration program evaluate air quality benefits ultra clean fischer-tropsch transportation fuel including diesel jet fuel directs secretary interior extend year term lease producing april suspended operations permit processing consideration accordance moratorium set forth minerals_management_service notice secretary decision memorandum dated july authorizes transcanada keystone pipeline construct connect operate maintain pipeline facilities import crude oil hydrocarbons united_states canada border county montana accordance certain application filed department_of_state september declares permit pursuant executive order similar executive order regulating activities border additional environmental impact statement eis shall required pipeline sets forth conditions governing construction connection operation maintenance cross border facilities connection pipeline


Summary: Anti-Trust Freedom Act of 2012 - Prohibits the Sherman Act, the Clayton Act, and section 5 of the Federal Trade Commission Act from being construed as prohibiting, banning, or otherwise extending to any voluntary economic coordination, cooperation, agreement, or other association, compact, contract, or covenant entered into by or between any individual or group of individuals.

anti trust freedom act prohibits sherman act clayton act section federal_trade_commission_act construed prohibiting banning extending voluntary economic coordination cooperation agreement association compact contract covenant entered individual group individuals


Summary:
(This measure has not been amended since it was introduced. The summary of that version is repeated here; it is based upon text provided by the House Clerk.)

Deficit Reduction and Economic Growth Working Group Act of 2013 - Establishes the Bicameral Working Group on Deficit Reduction and Economic Growth, comprised of 20 Members of Congress, to recommend to the House of Representatives and Senate overall levels of discretionary spending, including for FY2014, changes in the statutory limit on the public debt, and reforms in direct spending programs.

Directs the Speaker of the House of Representatives and the Majority Leader of the Senate to each appoint 10 members of their respective chamber to serve on the Working Group. Designates a co-chair in each chamber and allows the Minority Leaders of the House and Senate to each recommend the appointment of 4 of the 10 members in each chamber.

Requires the Working Group to report its recommendations, including any required legislative language, to the House and Senate within three days after their adoption. Prohibits the Working Group from reporting any recommendation that does not receive the support of a majority of its members.

Requires the termination of the Working Group immediately after the transmission of its recommendations.

measure amended introduced summary version repeated based text provided house clerk deficit reduction economic growth working_group act establishes working_group deficit reduction economic growth comprised members congress recommend house_of_representatives senate overall levels discretionary spending including fy2014 changes statutory limit public debt reforms direct spending programs directs speaker house_of_representatives majority leader senate appoint members respective chamber serve working_group designates chair chamber allows minority leaders house senate recommend appointment members chamber requires working_group report recommendations including required legislative language house senate days adoption prohibits working_group reporting recommendation receive support majority members requires termination working_group immediately transmission recommendations


Summary:
Invest in United States Act of 2014 - Title I: American Infrastructure Financing Authority - Establishes the American Infrastructure Financing Authority (AIFA) as a wholly-owned government corporation that shall provide direct loans and loan guarantees to facilitate the construction, alteration, or repair of transportation, water, and energy infrastructure projects. Requires infrastructure projects assisted under this Act to have costs that are reasonably anticipated to equal or exceed $100 million ($25 million for rural infrastructure projects).

Establishes an Office of the Special Inspector General to conduct, supervise, and coordinate audits and investigations of the business activities of AIFA.

Prohibits financial assistance from AIFA for any private project for which no public benefit is created. Sets forth terms for loans or loan guarantees for eligible infrastructure projects and for the repayment of such loans. Requires an annual independent audit of AIFA finances.

Requires the Chief Executive Officer of AIFA to: (1) establish fees with respect to loans and loan guarantees that are sufficient to cover AIFA's administrative costs; and (2) take actions to make AIFA a self-sustaining entity, with administrative and federal credit subsidy costs fully funded by fees and risk premiums on loans and loan guarantees.

Title II: Tax Credit Extensions - Amends the Internal Revenue Code to make permanent the new markets tax credit.

Build America Bonds Act of 2014 - Makes permanent the tax credit for investment in the Build America Bonds program.

Makes permanent the tax credit for research expenditures. Increases to 17% the rate of the alternative simplified research tax credit.

Exempts bonds for water and sewage facilities from the volume cap on tax-exempt private activity bonds.

Eliminates tax-exempt interest earned on private activity bonds as an item of tax preference for purposes of calculating the alternative minimum tax (AMT).

Title III: Skills Training - Amends the Internal Revenue Code to allow tax credits for: (1) the qualified training expenses of job trainees who have been unemployed for at least 90 days before enrolling in a training program, and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. Defines "qualifying training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study that is reasonably necessary for employment.

Requires the Secretary of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships. Requires the Secretary to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.

Title IV: Trade Provisions - Expresses the sense of Congress with respect to the implementation of a trade and investment agreement with the European Union.

Amends the Trade Act of 1974 to extend through December 31, 2020: (1) the trade adjustment assistance (TAA) program, and (2) the reemployment trade adjustment assistance (RTAA) program.

Makes funds available through FY2020 and for the period beginning October 1-December 31, 2020 (first quarter of FY2021) for training of adversely affected workers, employment and case management services, and job search expenses and relocation expenses.

Reauthorizes appropriations: (1) through December 31, 2020, for the TAA program for workers, and (2) through FY2020 and for the first quarter of FY2021 for the TAA program for firms and farmers.

Amends the Trade Adjustment Assistance Extension Act of 2011 to declare that TAA program requirements in effect as of February 13, 2011, under the Trade Act of 1974 shall apply to petitions for certification to apply for TAA for workers, firms, and farmers that are filed before January 1, 2021.

Title V: Minimum Wage Increase and Business Tax Relief - Amends the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to: (1) $8.20 an hour beginning on the first day of the first month beginning 1 year after the enactment of this Act, (2) $9.15 an hour beginning 1 year after that first day, (3) $10.10 an hour beginning 2 years after that first day, and (4) the amount determined by the Secretary of Labor (based on increases in the Consumer Price Index) beginning 3 years after that first day and annually thereafter.

Increases the federal minimum wage for tipped employees to $3.00 an hour for the 1-year period beginning on the first day of the third month after the enactment of this Act. Provides a formula for subsequent annual adjustments of the wage increase to ensure that it remains equal to 50% of the wage in effect under FLSA for other employees.

Amends the Internal Revenue Code to make permanent: (1) the work opportunity tax credit; (2) the increased expensing allowance for depreciable business assets; and (3) the treatment of qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property as 15-year property for depreciation purposes.

invest united_states act title american infrastructure financing authority establishes american infrastructure financing authority wholly owned government corporation shall provide direct_loans loan guarantees facilitate construction alteration repair transportation water energy infrastructure projects requires infrastructure projects assisted act costs reasonably anticipated equal exceed million million rural infrastructure projects establishes office special inspector_general conduct supervise coordinate audits investigations business activities prohibits financial assistance private project public benefit created sets forth terms loans loan guarantees eligible infrastructure projects repayment loans requires annual independent audit finances requires chief executive officer establish fees respect loans loan guarantees sufficient cover administrative costs actions self sustaining entity administrative federal credit subsidy costs fully funded fees risk premiums loans loan guarantees title tax credit extensions amends_the_internal_revenue_code permanent new markets tax credit build_america bonds act makes permanent tax credit investment build_america bonds program makes permanent tax credit research expenditures increases rate alternative simplified research tax credit exempts bonds water sewage facilities volume cap tax exempt private activity bonds eliminates tax exempt interest earned private activity bonds item tax preference purposes calculating alternative minimum tax amt title iii skills training amends_the_internal_revenue_code allow tax credits qualified training expenses job trainees unemployed days enrolling training program investment qualified job training partnership private business institution higher education labor organization defines qualifying training expenses eligible trainee qualified tuition costs include costs books enrollment training program institution higher education include single course multiple courses combination work training study reasonably necessary employment requires secretary treasury establish qualified job training partnership program consider award certifications qualified investments eligible credits qualified job training partnerships requires secretary grants individuals investment qualified job training partnership lieu tax credit title trade provisions expresses sense congress respect implementation trade investment agreement european_union amends trade act extend december trade adjustment assistance taa program reemployment trade adjustment assistance program makes funds available fy2020 period beginning october december quarter fy2021 training adversely affected workers employment case management services job search expenses relocation expenses reauthorizes appropriations december taa program workers fy2020 quarter fy2021 taa program firms farmers amends trade adjustment assistance extension act declare taa program requirements effect february trade act shall apply petitions certification apply taa workers firms farmers filed january title minimum wage increase business tax relief amends fair labor standards act flsa increase federal minimum wage employees hour beginning day month beginning year enactment act hour beginning year day hour beginning years day determined secretary labor based increases consumer price index beginning years day annually increases federal minimum wage employees hour year period beginning day month enactment act provides formula subsequent annual adjustments wage increase ensure remains equal wage effect flsa employees amends_the_internal_revenue_code permanent work opportunity tax credit increased expensing allowance depreciable business assets treatment qualified leasehold improvement property qualified restaurant property qualified retail improvement property year property depreciation purposes


Summary:
New Skills for New Jobs Act - Directs the Secretary of the Treasury, on a quarterly basis, to make payments to an eligible community college in an amount equal to the aggregate new job tax withholding matches for qualified training provided to job trainees who are U.S. citizens. Defines "qualified training" as education or training to provide an individual with the education or skills necessary to perform the job for which such individual will be employed or with licenses or certificates necessary for such employment. Requires that any job for which a trainee is hired be a new job.

Defines "eligible community college" as a public institution of higher education: (1) at which the majority of degrees awarded are two-year degrees that are acceptable for full credit toward a baccalaureate degree, (2) that is located in a state that has a state new jobs tax credit program in effect, and (3) that participates in such program by having in effect a contract that meets specified requirements of such program.

new skills new jobs act_-_directs secretary treasury quarterly basis payments eligible community college equal aggregate new job tax withholding matches qualified training provided job trainees citizens defines qualified training education training provide individual education skills necessary perform job individual employed licenses certificates necessary employment requires job trainee hired new job defines eligible community college public institution higher education majority degrees awarded year degrees acceptable credit baccalaureate degree located state state new jobs tax credit program effect participates program having effect contract meets specified requirements program


Summary:
Orphan Earmarks Act - Rescinds all unobligated amounts of funds earmarked for the Department of Transportation (DOT) if more than 90% of the dollar amount of that earmark remains available for obligation at the end of the 9th fiscal year after it was first made available. Authorizes the Secretary of Transportation (DOT) to delay any such rescission for one year if an additional obligation of the earmark is likely to occur during the 10th fiscal year after it was first made available.

Requires each agency head to identify and report every project that is an earmark with an unobligated balance at the end of a fiscal year to the Director of the Office of Management and Budget (OMB), who shall report a listing and accounting for such earmarks to Congress and to the public via the OMB website.

orphan earmarks act rescinds unobligated amounts funds earmarked department_of_transportation dot dollar earmark remains available obligation end 9th fiscal year available authorizes secretary transportation dot delay rescission year additional obligation earmark likely occur 10th fiscal year available requires agency head identify report project earmark unobligated balance end fiscal year director office_of_management_and_budget omb shall report listing accounting earmarks congress public omb website


Summary:
Jobs! Jobs! Jobs! Act of 2015

This bill: (1) prohibits the use of funds made available by this Act, with specified exceptions, for a project for the construction, alteration, maintenance, or repair of a public building or public work unless all of the iron, steel, and manufactured goods used in such project are produced in the United States; and (2) requires all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects to be paid wages at locally-prevailing rates.

TITLE I--RELIEF FOR WORKERS AND BUSINESSES

This title amends the Internal Revenue Code to: (1) restore the making work pay tax credit in 2015, and (2) allow 100% bonus depreciation for certain property acquired and placed in service before January 1, 2015.

The title amends the Small Business Investment Act of 1958 to increase to $7.5 million the limit on the guarantee for contract surety bonds and on the liability for bonds obtained by fraud or misrepresentation. This increase expires on September 30, 2016.

TITLE II--PUTTING WORKERS BACK ON THE JOB WHILE REBUILDING AND MODERNIZING AMERICA

This title directs the Departments of Education and the Interior (for schools operated by the Bureau of Indian Education) to reserve through FY2016 appropriated amounts to provide educational assistance to outlying areas based on their respective needs.

The Department of Justice must carry out a competitive grant program for the hiring, rehiring, or retention of career law enforcement officers

The Department of Education must award grants to states to modernize, renovate, or repair early learning or elementary or secondary education facilities and existing facilities at community colleges.

This title makes funds available to the Department of Transportation for: (1) grants-in-aid for airport planning and development and noise compatibility planning projects under the airport improvement program; (2) Federal Aviation Administration Next Generation air traffic control system advancements; (3) highway and bridge restoration, repair, and construction projects and for passenger and freight rail transportation and port infrastructure projects; (4) grants for high-speed rail projects, capital investment grants for intercity passenger rail service, and grants to reduce congestion on intercity rail passenger transportation; (5) capital grants to the National Railroad Passenger Corporation (AMTRAK); (6) transit capital assistance grants; (7) capital projects for existing fixed guideway system modernization, replacement and repair of buses and bus-related equipment, and construction of bus-related facilities; and (8) discretionary capital investment grants for surface transportation infrastructure.

Building and Upgrading Infrastructure for Long-Term Development Act

This bill establishes the American Infrastructure Financing Authority (AIFA) as a wholly-owned government corporation to make direct loans and loan guarantees to facilitate transportation, water, or energy infrastructure projects.

This title: (1) requires infrastructure projects assisted under this Act to have costs that are reasonably anticipated to equal or exceed $100 million ($25 million for rural infrastructure projects), (2) requires the AIFA Chief Lending Officer to establish an Office of Rural Assistance to provide technical assistance in the development and financing of rural infrastructure projects and a Center for Excellence to provide such assistance to public sector borrowers in the development and financing of infrastructure projects, and (3) establishes an Office of Special Inspector General to audit and investigate the business activities of AIFA.

This title amends the Internal Revenue Code to extend through 2018 the exemption from the alternative minimum tax for certain tax-exempt private activity bonds.

This title appropriates funds for assistance to eligible entities, including state and local governments, qualified nonprofit organizations, businesses, or eligible consortia, for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild).

TITLE III--ASSISTANCE FOR THE UNEMPLOYED AND PATHWAYS BACK TO WORK

Supporting Unemployed Workers Act of 2015

This title amends: (1) the Supplemental Appropriations Act, 2008 to extend the emergency unemployment compensation (EUC) program until January 1, 2016; (2) the Assistance for Unemployed Workers and Struggling Families Act to extend through December 31, 2015, requirements that federal payments to states cover 100% of EUC; and (3) the Railroad Unemployment Insurance Act to extend through December 31, 2015, the temporary increase in extended unemployment benefits for employees with 10 or more years of service and for employees with less than 10 years of service.

The title establishes the Reemployment NOW program to facilitate the reemployment of individuals receiving emergency unemployment compensation (EUC claimants).

A state may use its allotted funds to: (1) establish a Bridge to Work program to provide EUC claimants with short-term work experience placements with eligible employers; (2) provide a wage insurance program to pay, for up to two years, an EUC claimant who obtains reemployment up to 50% of the difference between the wages received at the time of work separation and the wages received for reemployment; and (3) provide a program of enhanced reemployment services to EUC claimants, including unemployed individuals who have exhausted their EUC rights.

The Department of Labor must award grants to states for short-time compensation programs and develop model legislative language for use by states in developing, enacting, and implementing such programs.

The work opportunity tax credit is expanded to include the hiring of long-term unemployed individuals (individuals who are unemployed and receiving unemployment compensation for six months or more).

Pathways Back to Work Act of 2015

This bill establishes programs to subsidize employment for unemployed, low-income adults, to provide summer and year-round employment opportunities to low-income youth, and for work-based training.

Fair Employment Opportunity Act of 2015

This bill makes it an unlawful practice for certain employers to: (1) publish a job advertisement or announcement that includes provisions indicating that an individual's status as unemployed disqualifies the individual for employment or that the employer will not consider or hire an individual for employment based on such status, (2) fail or refuse to consider or hire an individual because of such status, or (3) direct or request that an employment agency take an individual's status into account to disqualify an applicant for consideration for employment or when screening or referring employees.

The bill makes it an unlawful practice for an employment agency to commit similar acts, including to: (1) screen, or fail or refuse to consider or refer, an individual for employment because of the individual's unemployed status; or (2) limit, segregate, or classify any such individual in any manner that would limit access to job information or consideration, screening, or referral for jobs.

The bill makes it unlawful for any employer or employment agency to: (1) interfere with, restrain, or deny the exercise of any right provided under this Act; or (2) fail or refuse to hire, discharge, or otherwise discriminate against an employee because such individual opposed any practice made unlawful by this Act or asserted any right under it.

TITLE IV--OFFSETS

This title amends the Internal Revenue Code to provide for offsets against decreases in revenue by: (1) limiting tax deductions and other tax exclusions for taxpayers whose adjusted gross income exceeds $200,000 ($250,000 for married taxpayers filing a joint return), (2) treating income received by a partner from an investment services partnership interest as ordinary income for income tax purposes, (3) treating all general aviation aircraft (including corporate jets) as seven-year property for depreciation purposes; (4) denying the foreign tax credit to dual capacity taxpayers; and (5) increasing the period for amortizing geological and geophysical expenditures.

The title repeals, after 2015, certain tax expenditures for the oil and gas industry, including: (1) the tax deduction for intangible drilling and development costs for oil and gas wells; (2) the tax deduction for tertiary injectant expenditures; (3) percentage depletion for oil and gas wells; (4) the tax deduction for income from activities relating to oil, natural gas, or any primary product thereof; (5) the exemption from limitations on passive activity losses; and (6) the tax credits for enhanced oil recovery and for producing oil and gas from marginal wells.

The title amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), as amended by the Budget Control Act of 2011, to repeal its budget goal enforcement requirements (sequestration mandate).

jobs jobs jobs act bill prohibits use funds available act specified exceptions project construction alteration maintenance repair public building public work iron steel manufactured goods project produced united_states requires laborers mechanics employed contractors subcontractors federally assisted projects paid wages locally prevailing rates title relief workers businesses title amends_the_internal_revenue_code restore making work pay tax credit allow bonus depreciation certain property acquired placed service january title amends small_business_investment_act increase million limit guarantee contract surety bonds liability bonds obtained fraud misrepresentation increase expires september title putting workers job rebuilding modernizing america title directs departments education interior schools operated bureau_of_indian_education reserve fy2016 appropriated amounts provide educational assistance outlying areas based respective needs department_of_justice carry competitive grant program hiring rehiring retention career law enforcement officers department_of_education award grants states modernize renovate repair early learning elementary secondary education facilities existing facilities community colleges title makes funds available department_of_transportation grants aid airport planning development noise compatibility planning projects airport improvement program federal_aviation_administration generation air traffic control system advancements highway bridge restoration repair construction projects passenger freight rail transportation port infrastructure projects grants high speed rail projects capital investment grants intercity passenger rail service grants reduce congestion intercity rail passenger transportation capital grants national_railroad_passenger_corporation amtrak transit capital assistance grants capital projects existing fixed guideway system modernization replacement repair buses bus related equipment construction bus related facilities discretionary capital investment grants surface_transportation infrastructure building upgrading infrastructure long term development act bill establishes american infrastructure financing authority wholly owned government corporation direct_loans loan guarantees facilitate transportation water energy infrastructure projects title requires infrastructure projects assisted act costs reasonably anticipated equal exceed million million rural infrastructure projects requires chief lending officer establish office rural assistance provide technical assistance development financing rural infrastructure projects center excellence provide assistance public sector borrowers development financing infrastructure projects establishes office special inspector_general audit investigate business activities title amends_the_internal_revenue_code extend exemption alternative minimum tax certain tax exempt private activity bonds title appropriates funds assistance eligible entities including state local governments qualified nonprofit organizations businesses eligible consortia redevelopment abandoned foreclosed properties stabilization affected neighborhoods project rebuild title iii assistance unemployed pathways work supporting unemployed workers act title amends supplemental appropriations act extend emergency unemployment compensation euc program january assistance_for_unemployed_workers struggling families act extend december requirements federal payments states cover euc railroad_unemployment_insurance_act extend december temporary increase extended unemployment benefits employees years service employees years service title establishes reemployment program facilitate reemployment individuals receiving emergency unemployment compensation euc claimants state use allotted funds establish bridge work program provide euc claimants short term work experience placements eligible employers provide wage insurance program pay years euc claimant obtains reemployment difference wages received time work separation wages received reemployment provide program enhanced reemployment services euc claimants including unemployed individuals exhausted euc rights department_of_labor award grants states short time compensation programs develop model legislative language use states developing enacting implementing programs work opportunity tax credit expanded include hiring long term unemployed individuals individuals unemployed receiving unemployment compensation months pathways work act bill establishes programs subsidize employment unemployed low income adults provide summer year round employment opportunities low income youth work based training fair employment opportunity act bill makes unlawful practice certain employers publish job advertisement announcement includes provisions indicating individual status unemployed disqualifies individual employment employer consider hire individual employment based status fail refuse consider hire individual status direct request employment agency individual status account disqualify applicant consideration employment screening referring employees bill makes unlawful practice employment agency commit similar acts including screen fail refuse consider refer individual employment individual unemployed status limit classify individual manner limit access job information consideration screening referral jobs bill makes unlawful employer employment agency interfere restrain deny exercise right provided act fail refuse hire discharge discriminate employee individual opposed practice unlawful act asserted right title offsets title amends_the_internal_revenue_code provide offsets decreases revenue limiting tax deductions tax exclusions taxpayers adjusted gross income exceeds married taxpayers filing joint return treating income received partner investment services partnership interest ordinary income income tax purposes treating general aviation aircraft including corporate seven year property depreciation purposes denying foreign tax credit dual capacity taxpayers increasing period amortizing geological geophysical expenditures title repeals certain tax expenditures oil gas industry including tax deduction intangible drilling development costs oil gas wells tax deduction tertiary injectant expenditures percentage depletion oil gas wells tax deduction income activities relating oil natural gas primary product thereof exemption limitations passive activity losses tax credits enhanced oil recovery producing oil gas marginal wells title amends balanced_budget emergency deficit control act gramm rudman hollings act amended budget_control_act repeal budget goal enforcement requirements sequestration mandate


Summary:
Expedite Transit Act of 2015

This bill amends the Moving Ahead for Progress in the 21st Century with respect to the good repair certification requirement for recipients of funding under the pilot program to demonstrate whether innovative project development and delivery methods or innovative financing arrangements can expedite project delivery for certain meritorious new fixed guideway capital projects and core capacity improvement projects.

The Department of Transportation (DOT) may waive the requirement that a recipient desiring to participate in the program certify that its existing public transportation system is in a state of good repair if the recipient seeks to carry out a core capacity improvement project which will allow the recipient to make substantial progress in achieving a state of good repair.

expedite transit act bill amends moving ahead progress 21st century respect good repair certification requirement recipients funding pilot program demonstrate innovative project development delivery methods innovative financing arrangements expedite project delivery certain meritorious new fixed guideway capital projects core capacity improvement projects department_of_transportation dot waive requirement recipient desiring participate program certify existing public transportation system state good repair recipient seeks carry core capacity improvement project allow recipient substantial progress achieving state good repair