,,ii #aad? ,,congress #b;d ,session ,s4 #cbia ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #g1 #bjaf ,mr4 ,kirk introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to e/abli% tax1 regulatory1 & legal /ructure 9 ! ,unit$ ,/ates t enc\rages small bus9esses to exp& & innovate1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,small ,bus9ess ,bill ( ,rights4 7b7 ,table ( cont5ts ,! table ( ! cont5ts ( ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,def9itions4 ,,title ,i--,l[] tax environm5t ,subtitle ,a--,bus9ess fri5dly environm5t = disadvantag$ areas ,sec4 #aja4 ,%ort title4 ,sec4 #ajb4 ,exclusion = income attributable to c]ta9 real prop]ty4 ,subtitle ,b--,capital ,ga9s ,sec4 #aaa4 ,tempor>y r$uction ( capital ga9s tax on qualifi$ small bus9ess /ock4 ,subtitle ,c--,tax b5efits = ,/>t-,ups ,sec4 #aba4 ,increase 9 am\nt all[$ z d$uction = />t-up exp5ditures4 ,subtitle ,d--,miscellane\s ,sec4 #aca4 ,,gao to c]tify no increase 9 unemploym5t4 ,sec4 #acb4 ,exemption f taxes impos$ aft] ! date ( enactm5t ( ?is ,act4 ,,title ,,ii--,limitation on regulations ,sec4 #bja4 ,limitation on regulations4 ,sec4 #bjb4 ,regulatory sunsets4 ,,title ,,iii--,dea? ,tax ,repeal ,sec4 #cja4 ,%ort title4 ,sec4 #cjb4 ,repeal ( e/ate & g5]ation-skipp+ transf] taxes4 ,sec4 #cjc4 ,modifications ( gift tax4 ,,title ,,iv--,heal?c>e3 exp&+ *oice & l[]+ co/s ,sec4 #dja4 ,f9d+s & purpose4 ,sec4 #djb4 ,enc\rag+ spe$y resolution ( claims4 ,sec4 #djc4 ,comp5sat+ pati5t injury4 ,sec4 #djd4 ,maximiz+ pati5t recov]y4 ,sec4 #dje4 ,additional heal? b5efits4 ,sec4 #djf4 ,punitive damages4 ,sec4 #djg4 ,au?orization ( paym5t ( future damages to claimants 9 heal? c>e lawsuits4 ,sec4 #djh4 ,def9itions4 ,sec4 #dji4 ,effect on o!r laws4 ,sec4 #daj4 ,/ate flexibility & protection ( ,/ates' rights4 ,sec4 #daa4 ,applicability2 effective date4 ,sec4 #dab4 ,s5se ( ,congress4 ,sec4 #dac4 ,,seca tax d$uction = heal? insurance co/s4 ,,title ,v--,work=ce ,integrity ,sec4 #eja4 ,v]ification "u ,e-,v]ify ,program by telephone4 ,sec4 #ejb4 ,grace p]iod to correct pap]work4 ,,title ,,vi--,inc5tives = en]gy effici5cy ,sec4 #fja4 ,ext5d ! tax cr$it = resid5tial en]gy-effici5t prop]ty4 ,sec4 #fjb4 ,make p]man5t ! en]gy effici5cy cr$it = exi/+ homes4 ,sec4 #fjc4 ,make p]man5t ! en]gy effici5cy comm]cial build+s d$uction4 ,,title ,,vii--,guidance ab\t new rules ,sec4 #gja4 ,guidance & advice ab\t new rules4 ,,title ,,viii--,small bus9ess provisions ,subtitle ,a--,small ,bus9ess ,g5]al ,provisions ,sec4 #hja4 ,adm9i/ration prohibit$ f capp+ executive comp5sation4 ,sec4 #hjb4 ,r$uction ( regulatory burd54 ,sec4 #hjc4 ,litigation burd5 on small bus9ess conc]ns to be limit$ to curr5t levels4 ,sec4 #hjd4 ,expansion ( volunte] repres5tation & b5*m>k reports4 ,sec4 #hje4 ,m5tor+ & network+4 ,subtitle ,b--,small ,bus9ess ,goals ,sec4 #haa4 ,small bus9ess goals4 ,sec4 #hab4 ,ag5cy goal negotiation4 ,sec4 #hac4 ,proc$ures & me?ods = goal a*ievem5t4 ,sec4 #had4 ,report+ requirem5ts4 ,subtitle ,c--,contract ,bundl+ ,sec4 #hba4 ,def9itions ( bundl+ ( contract requirem5ts4 ,sec4 #hbb4 ,ju/ification4 ,sec4 #hbc4 ,appeals4 ,sec4 #hbd4 ,?ird-p>ty review4 ,subtitle ,d--,small ,bus9ess ,subcontract+ ,sec4 #hca4 ,crim9al violations4 #b4 ,def9itions ,9 ?is ,act-- 7#a7 ! t]ms ,adm9i/ration & ,adm9i/rator mean ! ,small ,bus9ess ,adm9i/ration & ! ,adm9i/rator !re(2 & 7#b7 ! t]m small bus9ess conc]n has ! mean+ giv5 ! t]m 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 ,i ,l[] tax environm5t ,a ,bus9ess fri5dly environm5t = disadvantag$ areas #aja4 ,%ort title ,?is subtitle may be cit$ z ! ,br++ ,bus9ess ,back ,act ( #bjaf4 #ajb4 ,exclusion = income attributable to c]ta9 real prop]ty 7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #aci;,f ! foll[+ new section3 #aci;,g4 ,income attributable to qualifi$ real prop]ty exclud$ f gross income 7a7 ,9 g5]al ,gross income %all n include income or ga9 attributable to qualifi$ real prop]ty = any taxable ye> beg9n+ dur+ ! exclusion p]iod4 7b7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,qualifi$ real prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ real prop]ty means any real prop]ty-- 7i7 :i* is c]tifi$ by ! ,/ate or local zon+ au?ority1 & any economic developm5t bo>d1 ) respect to su* prop]ty z meet+ ! requirem5ts ( subp>agraph 7,b71 & 7ii7 ) respect to :i* an election has be5 made 7at su* "t & 9 su* =m & mann] z ! ,secret>y %all by regulation prescribe7 to h ?is section apply4 7,b7 ,requirem5ts ,prop]ty meets ! requirem5ts ( ?is subp>agraph if su* prop]ty-- 7i7 is zon$ = comm]cial use1 7ii7 has be5 undevelop$ & vacant dur+ ! #b-ye> p]iod end+ on ! date ( c]tification1 & 7iii7 is locat$ )9 a qualifi$ c5sus tract4 7,c7 ,qualifi$ c5sus tract ,! t]m qualifi$ c5sus tract means any c5sus tract :i*-- 7i7 7,i7 has an av]age pov]ty rate exce$+ ! national av]age pov]ty rate1 or 7,,ii7 has an unemploym5t rate above ! national unemploym5t rate1 & 7ii7 exhibits ano!r condition ( di/ress1 su* z det]iorat+ infra/ructure or population decl9e4 ,pov]ty rates %all be det]m9$ by us+ #bjaj c5sus data1 & unemploym5t rates %all be det]m9$ by ref]5ce to ! rate ( unemploym5t ann\nc$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor = ! mon?s 9 ! #b mo/ rec5tly end$ cal5d> qu>t]s4 7,d7 ,economic developm5t bo>d ,! t]m economic developm5t bo>d means1 ) respect to any prop]ty1 any entity e/abli%$ by law to ov]see ! economic developm5t ( an area )9 :i* su* prop]ty is locat$4 7#b7 ,exclusion p]iod ,! t]m exclusion p]iod means1 ) respect to a taxable ye>1 ! #a-taxable-ye> p]iod beg9n+ ) ! fir/ taxable ye> beg9n+ aft] ! date ( ! enactm5t ( ?is section = :i* ! income attributable to ! qualifi$ real prop]ty exce$s ! pre-depreciation exp5ses attributable to su* real prop]ty4 7c7 ,special rules ,= purposes ( ?is section-- 7#a7 ,subsequ5t taxpay]s ,subsection 7a7 %all only apply to a taxpay] :o has an own]%ip int]e/ 9 ! qualifi$ real prop]ty on ! fir/ day ( ! exclusion p]iod ) respect to su* prop]ty4 7#b7 ,limitation on application ( section ,an election to h ?is section apply may only be made once ) respect to any prop]ty4 7#c7 ,tax-exempt use prop]ty ,?is section %all n apply to any prop]ty :i* is tax-exempt use prop]ty 7z def9$ 9 section #afh7;h774 7d7 ,regulations ,! ,secret>y may prescribe su* regulations z may be necess>y or appropriate to c>ry out ! purposes ( ?is section1 includ+ me?ods = allocat+ income & exp5ses to prop]ty & rules to prev5t abuse ( ?is section4 4 7b7 ,cl]ical am5dm5t ,! table ( p>ts = "p ,,iii ( sub*apt] ,b ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #aci;,f ! foll[+ new item3 ,sec4 #aci;,g4 ,income attributable to qualifi$ real prop]ty exclud$ f gross income4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 ,b ,capital ,ga9s #aaa4 ,tempor>y r$uction ( capital ga9s tax on qualifi$ small bus9ess /ock 7a7 ,tempor>y r$uc$ rate = qualifi$ small bus9ess /ock ,subp>agraph 7,a77ii7 ( section #a7;h77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7ii7 9 ! case ( any taxable ye> beg9n+ aft] ,decemb] #ca1 #bjbf1 section #abjb ga91 ov] 4 7b7 ,effective date ,! am5dm5t made by subsection 7a7 %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4 ,c ,tax b5efits = ,/>t-,ups #aba4 ,increase 9 am\nt all[$ z d$uction = />t-up exp5ditures 7a7 ,9 g5]al ,p>agraph 7#c7 ( section #aie7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#c7 ,special rule = taxable ye>s beg9n+ 9 #bjaf1 #bjag1 or #bjah ,9 ! case ( a taxable ye> beg9n+ 9 #bjaf1 #bjag1 or #bjah1 p>agraph 7#a77;,a77ii7 %all be appli$-- 7,a7 by sub/itut+ #bj1jjj = #e1jjj2 & 7,b7 by sub/itut+ #ge1jjj = #ej1jjj4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to am\nts paid or incurr$ 9 taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjae4 ,d ,miscellane\s #aca4 ,,gao to c]tify no increase 9 unemploym5t 7a7 ,9 g5]al ,ea* report ( a committee ( ! ,s5ate on a public bill or a public jo9t resolution %all conta9 a /atem5t by ! ,comptroll] ,g5]al c]tify+ t ! bill or resolution w n cause an increase 9 ! numb] ( unemploy$ individuals 9 ! ,unit$ ,/ates4 7b7 ,en=cem5t ,9 ! ,s5ate1 if ! report to accompany a public bill or a public jo9t resolution does n conta9 ! /atem5t requir$ "u subsection 7a71 or !re is n a report to accompany ! bill or resolution1 ! bill or resolution %all only be agre$ to ^u an affirmative vote ( ?ree-fif?s ( ! ,memb]s vot+1 a quorum be+ pres5t4 7c7 ,ex]cise ( rulemak+ p[]s ,?is section is enact$ by ,congress-- 7#a7 z an ex]cise ( ! rulemak+ p[] ( ! ,s5ate1 & z su* is deem$ a "p ( ! rules ( ! ,s5ate & %all sup]s$e o!r rules only to ! ext5t t x is inconsi/5t ) su* rules2 & 7#b7 ) full recognition ( ! con/itutional "r ( ! ,s5ate to *ange ! rules 7s f> z relat+ to ! proc$ure ( ! ,s5ate7 at any "t1 9 ! same mann]1 & to ! same ext5t z 9 ! case ( any o!r rule ( ! ,s5ate4 #acb4 ,exemption f taxes impos$ aft] ! date ( enactm5t ( ?is ,act ,except z o!rwise expressly provid$1 any am5dm5t to ! ,int]nal ,rev5ue ,code ( #aihf t w\ld 7b = ! application ( ?is section7 result 9 an increase 9 taxes ( a taxpay] :i* is a small bus9ess conc]n %all n apply to su* taxpay]4 ,,ii ,limitation on regulations #bja4 ,limitation on regulations 7a7 ,9 g5]al ,! ,adm9i/rator1 act+ ?r\gh ! ,*ief ,c\nsel ( ! ,(fice ( ,advocacy ( ! ,adm9i/ration1 is au?oriz$ to provide su* support z may be necess>y ) reg>d to any ,f$]al regulation to ensure t a small bus9ess conc]n is n requir$ to exp5d m ?an a total ( #bjj man-h\rs annually on applications1 fil+s1 petitions1 or o!r pap]work submitt$ to ,f$]al dep>tm5ts or ag5cies4 7b7 ,commonly ,requir$ ,in=mation ,=m 7#a7 ,9 g5]al ,support provid$ "u subsection 7a7 %all include ! e/abli%m5t ( a =m on ! website ( ! ,adm9i/ration1 by means ( :i* a small bus9ess conc]n may provide to ! ,adm9i/rator in=mation t ! ,adm9i/rator det]m9es to be frequ5tly requir$ z "p ( any applications1 fil+s1 petitions1 or o!r pap]work describ$ 9 subsection 7a74 7#b7 ,use ( in=mation ,! ,adm9i/rator %all use in=mation provid$ by a small bus9ess conc]n "u p>agraph 7#a7 to assi/ 9 ! exp$it$ completion ( any applications1 fil+s1 petitions1 or o!r pap]work describ$ 9 subsection 7a74 #bjb4 ,regulatory sunsets 7a7 ,def9itions ,9 ?is section3 7#a7 ,ag5cy ,! t]m ag5cy has ! mean+ giv5 ! t]m 9 section #eea ( title #e1 ,unit$ ,/ates ,code4 7#b7 ,cov]$ rule ,! t]m cov]$ rule means any rule or gr\p ( rules-- 7,a7 = :i* an ag5cy is requir$ to prep>e a regulatory flexibility analysis "u section #fjc or #fjd ( title #e1 ,unit$ ,/ates ,code2 & 7,b7 t is a major rule4 7#c7 ,major rule ,! t]m major rule has ! mean+ giv5 ! t]m 9 section #hjd ( title #e1 ,unit$ ,/ates ,code4 7#d7 ,rule ,! t]m rule has ! mean+ giv5 ! t]m 9 section #fja ( title #e1 ,unit$ ,/ates ,code4 7#e7 ,small entity ,! t]m small entity has ! mean+ giv5 ! t]m 9 section #fja ( title #e1 ,unit$ ,/ates ,code4 7b7 ,p]iodic review ( rules ,section #faj ( title #e1 ,unit$ ,/ates ,code1 is am5d$ to read z foll[s3 #faj4 ,p]iodic review ( rules 7a7 7#a7 ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ! ,small ,bus9ess ,bill ( ,rights1 ea* ag5cy %all e/abli% a plan = ! p]iodic review (-- 7,a7 ea* rule issu$ by ! ag5cy t ! head ( ! ag5cy det]m9es has a significant economic impact on a sub/antial numb] ( small entities1 )\t reg>d to :e!r ! ag5cy p]=m$ an analysis "u section #fjd ) respect to ! rule2 & 7,b7 any small entity compliance guide requir$ to be publi%$ by ! ag5cy "u section #bab ( ! ,small ,bus9ess ,regulatory ,en=cem5t ,fairness ,act ( #aiif 7#e ,u4,s4,c4 #fja note74 7#b7 ,9 review+ rules & small entity compliance guides "u p>agraph 7#a71 ! ag5cy %all det]m9e :e!r ! rules & guides %\ld-- 7,a7 be am5d$ or resc9d$1 consi/5t ) ! /at$ objectives ( applicable /atutes1 to m9imize any significant adv]se economic impacts on a sub/antial numb] ( small entities 7includ+ an e/imate ( any adv]se impacts on job creation & employm5t by small entities72 or 7,b7 cont9ue 9 effect )\t *ange4 7#c7 ,ea* ag5cy %all publi% ! plan e/abli%$ "u p>agraph 7#a7 9 ! ,f$]al ,regi/] & on ! ,web site ( ! ag5cy4 7#d7 ,an ag5cy may am5d ! plan e/abli%$ "u p>agraph 7#a7 at any "t by publi%+ ! am5dm5t 9 ! ,f$]al ,regi/] & on ! ,web site ( ! ag5cy4 7b7 ,ea* plan e/abli%$ "u subsection 7a7 %all provide =-- 7#a7 ! review ( ea* rule & small entity compliance guide describ$ 9 subsection 7a77#a7 9 effect on ! date ( enactm5t ( ! ,small ,bus9ess ,bill ( ,rights-- 7,a7 n lat] ?an #i ye>s aft] ! date ( publication ( ! plan 9 ! ,f$]al ,regi/]2 & 7,b7 e #i ye>s !reaft]2 & 7#b7 ! review ( ea* rule adopt$ & small entity compliance guide describ$ 9 subsection 7a77#a7 t is publi%$ aft] ! date ( enactm5t ( ! ,small ,bus9ess ,bill ( ,rights-- 7,a7 n lat] ?an #i ye>s aft] ! date ( publication ( ! f9al rule 9 ! ,f$]al ,regi/]2 & 7,b7 e #i ye>s !reaft]4 7c7 ,9 review+ rules "u ! plan requir$ "u subsection 7a71 ! ag5cy %all consid]-- 7#a7 ! cont9u$ ne$ = ! rule2 7#b7 ! nature ( compla9ts receiv$ by ! ag5cy f small entities conc]n+ ! rule2 7#c7 comm5ts by ! ,regulatory ,en=cem5t ,ombudsman & ! ,*ief ,c\nsel = ,advocacy ( ! ,small ,bus9ess ,adm9i/ration2 7#d7 ! complexity ( ! rule2 7#e7 ! ext5t to :i* ! rule ov]laps1 duplicates1 or conflicts ) o!r ,f$]al rules &1 unless ! head ( ! ag5cy det]m9es x to be infeasible1 ,/ate & local rules2 7#f7 ! contribution ( ! rule to ! cumulative economic impact ( all ,f$]al rules on ! class ( small entities affect$ by ! rule1 unless ! head ( ! ag5cy det]m9es t su* a calculation _c be made2 7#g7 ! l5g? ( "t s9ce ! rule has be5 evaluat$1 or ! degree to :i* te*nology1 economic conditions1 or o!r factors h *ang$ 9 ! area affect$ by ! rule2 & 7#h7 ! economic impact ( ! rule1 includ+-- 7,a7 ! e/imat$ numb] ( small entities to :i* ! rule w apply2 7,b7 ! e/imat$ numb] ( small entity jobs t w be lo/ or creat$ due to ! rule2 & 7,c7 ! project$ report+1 recordkeep+1 & o!r compliance requirem5ts ( ! propos$ rule1 includ+-- 7i7 an e/imate ( ! classes ( small entities t w be subject to ! requirem5t2 & 7ii7 ! type ( pr(essional skills necess>y = prep>ation ( ! report or record4 7d7 7#a7 ,ea* ag5cy %all submit an annual report reg>d+ ! results ( ! review requir$ "u subsection 7a7 to-- 7,a7 ,congress2 & 7,b7 9 ! case ( an ag5cy t is n an indep5d5t regulatory ag5cy 7z def9$ 9 section #cejb7e7 ( title #dd71 ! ,adm9i/rator ( ! ,(fice ( ,in=mation & ,regulatory ,affairs ( ! ,(fice ( ,managem5t & ,budget4 7#b7 ,ea* report requir$ "u p>agraph 7#a7 %all include a description ( any rule or small entity compliance guide ) respect to :i* ! ag5cy made a det]m9ation ( infeasibility "u p>agraph 7#e7 or 7#f7 ( subsection 7c71 toge!r ) a detail$ explanation ( ! reasons = ! det]m9ation4 7e7 ,ea* ag5cy %all publi% 9 ! ,f$]al ,regi/] & on ! ,web site ( ! ag5cy a li/ ( ! rules & small entity compliance guides to be review$ "u ! plan requir$ "u subsection 7a7 t includes-- 7#a7 a brief description ( ea* rule or guide2 7#b7 = ea* rule1 ! reason :y ! head ( ! ag5cy det]m9$ t ! rule has a significant economic impact on a sub/antial numb] ( small entities 7)\t reg>d to :e!r ! ag5cy _h prep>$ a f9al regulatory flexibility analysis = ! rule72 & 7#c7 a reque/ = comm5ts f ! public1 ! ,*ief ,c\nsel = ,advocacy ( ! ,small ,bus9ess ,adm9i/ration1 & ! ,regulatory ,en=cem5t ,ombudsman conc]n+ ! en=cem5t ( ! rules or publication ( ! guides4 7f7 7#a7 ,n lat] ?an #f mon?s aft] ea* date describ$ 9 p>agraphs 7#a7 & 7#b7 ( subsection 7b71 ! ,inspector ,g5]al = ea* ag5cy %all-- 7,a7 det]m9e :e!r ! ag5cy has conduct$ ! review requir$ "u subsection 7b7 appropriately2 & 7,b7 notify ! head ( ! ag5cy (-- 7i7 ! results ( ! det]m9ation "u subp>agraph 7,a72 & 7ii7 any issues prev5t+ ! ,inspector ,g5]al f det]m9+ t ! ag5cy has conduct$ ! review requir$ "u subsection 7b7 appropriately4 7#b7 7,a7 ,n lat] ?an #f mon?s aft] ! date on :i* ! head ( an ag5cy receives a notice "u p>agraph 7#a77;,b7 t ! ag5cy has n conduct$ ! review requir$ "u subsection 7b7 appropriately1 ! ag5cy %all address ! issues id5tifi$ 9 ! notice4 7,b7 ,n lat] ?an #cj days aft] ! la/ day ( ! #f-mon? p]iod describ$ 9 subp>agraph 7,a71 ! ,inspector ,g5]al = an ag5cy t receives a notice describ$ 9 subp>agraph 7,a7 %all-- 7i7 det]m9e :e!r ! ag5cy has address$ ! issues id5tifi$ 9 ! notice2 & 7ii7 notify ,congress if ! ,inspector ,g5]al det]m9es t ! ag5cy has n address$ ! issues id5tifi$ 9 ! notice4 7,c7 ,n lat] ?an #cj days aft] ! date on :i* ! ,inspector ,g5]al = an ag5cy transmits a notice "u subp>agraph 7,b77ii71 an am\nt equal to #a p]c5t ( ! am\nt appropriat$ = ! fiscal ye> to ! appropriations acc\nt ( ! ag5cy t is us$ to pay sal>ies %all be resc9d$4 7,d7 ,no?+ 9 ?is p>agraph may be con/ru$ to prev5t ,congress f act+ to prev5t a rescission "u subp>agraph 7,c74 4 7c7 ,sunset ( new small bus9ess regulations 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b7 & beg9n+ on ! date ( enactm5t ( ?is ,act1 ea* cov]$ rule promulgat$ by an ag5cy %all cease to h effect on ! date t is #g ye>s aft] ! date on :i* ! f9al v]sion ( ! cov]$ rule is publi%$4 7#b7 ,ext5sion ( rule 7,a7 ,9 g5]al ,be=e ! end ( ! #g-ye> p]iod describ$ 9 p>agraph 7#a71 an ag5cy may take action to r5ew a cov]$ rule 9 accordance ) ! process describ$ 9 subp>agraph 7,b7 & if su* action is tak51 ! cov]$ rule %all rema9 9 effect until modifi$ or repeal$ by ! ag5cy action or /atute4 7,b7 ,r5ewal process 7i7 ,9 g5]al ,an ag5cy may r5ew a cov]$ rule by us+ ! notice & comm5t rulemak+ process4 7ii7 ,requirem5ts ,9 conduct+ a rulemak+ to r5ew a cov]$ rule "u clause 7i71 an ag5cy %all-- 7,i7 solicit & respond to public comm5t f entities affect$ by ! cov]$ rule2 7,,ii7 comp>e ! project$ co/s ( ! cov]$ rule to ! actual co/s realiz$ by implem5tation ( ! cov]$ rule & det]m9e :e!r modifications c be made to ! cov]$ rule to l[] ! co/ ( ! cov]$ rule2 7,,iii7 consid] :e!r any regulatory alt]natives exi/ t w\ld accompli% ! same regulatory objective z ! cov]$ rule ) less ( an impact on affect$ small entities2 & 7,,iv7 make modifications to ! cov]$ rule1 if necess>y1 to reflect-- 7aa7 comm5ts solicit$ "u subclause 7,i72 7bb7 modifications describ$ 9 subclause 7,,ii72 & 7cc7 any regulatory alt]natives describ$ 9 subclause 7,,iii74 ,,iii ,dea? ,tax ,repeal #cja4 ,%ort title ,?is title may be cit$ z ! ,dea? ,tax ,repeal ,act ( #bjaf4 #cjb4 ,repeal ( e/ate & g5]ation-skipp+ transf] taxes 7a7 ,e/ate ,tax ,repeal ,sub*apt] ,c ( *apt] #aa ( subtitle ,b ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #bbaj4 ,t]m9ation 7a7 ,9 g5]al ,except z provid$ 9 subsection 7b71 ?is *apt] %all n apply to ! e/ates ( dec$5ts dy+ on or aft] ! date ( ! enactm5t ( ! ,dea? ,tax ,repeal ,act ( #bjaf4 7b7 ,c]ta9 ,di/ributions ,f ,qualifi$ ,dome/ic ,tru/s ,9 apply+ section #bjef;,a ) respect to ! surviv+ sp\se ( a dec$5t dy+ be=e ! date ( ! enactm5t ( ! ,dea? ,tax ,repeal ,act ( #bjaf-- 7#a7 section #bjef;,a7b77#a77;,a7 %all n apply to di/ributions made aft] ! #aj-ye> p]iod beg9n+ on su* date1 & 7#b7 section #bjef;,a7b77#a77;,b7 %all n apply on or aft] su* date4 4 7b7 ,g5]ation-,skipp+ ,transf] ,tax ,repeal ,sub*apt] ,g ( *apt] #ac ( subtitle ,b ( su* ,code is am5d$ by add+ at ! end ! foll[+ new section3 #bffd4 ,t]m9ation ,?is *apt] %all n apply to g5]ation-skipp+ transf]s on or aft] ! date ( ! enactm5t ( ! ,dea? ,tax ,repeal ,act ( #bjaf4 4 7c7 ,con=m+ ,am5dm5ts 7#a7 ,! table ( sections = sub*apt] ,c ( *apt] #aa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #bbaj4 ,t]m9ation4 4 7#b7 ,! table ( sections = sub*apt] ,g ( *apt] #ac ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #bffd4 ,t]m9ation4 4 7d7 ,effective ,date ,! am5dm5ts made by ?is section %all apply to ! e/ates ( dec$5ts dy+1 & g5]ation-skipp+ transf]s1 aft] ! date ( ! enactm5t ( ?is ,act4 #cjc4 ,modifications ( gift tax 7a7 ,computation ( gift tax ,subsection 7a7 ( section #bejb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7a7 ,computation ( tax 7#a7 ,9 g5]al ,! tax impos$ by section #beja = ea* cal5d> ye> %all be an am\nt equal to ! excess (-- 7,a7 a t5tative tax1 comput$ "u p>agraph 7#b71 on ! aggregate sum ( ! taxable gifts = su* cal5d> ye> & = ea* ( ! prec$+ cal5d> p]iods1 ov] 7,b7 a t5tative tax1 comput$ "u p>agraph 7#b71 on ! aggregate sum ( ! taxable gifts = ea* ( ! prec$+ cal5d> p]iods4 7#b7 ,rate s*$ule ,if ! am\nt ) respect to :i* ! t5tative tax to be comput$ is3,! t5tative tax is3,n ov] #aj1jjjah ( su* am\nt4,ov] #aj1jjj b n ov] #bj1jjja1hjj1 plus #bj ( ! excess ov] #aj1jjj4,ov] #bj1jjj b n ov] #dj1jjjc1hjj1 plus #bb ( ! excess ov] #bj1jjj4,ov] #dj1jjj b n ov] #fj1jjjh1bjj1 plus #bd ( ! excess ov] #dj1jjj4,ov] #fj1jjj b n ov] #hj1jjjac1jjj1 plus #bf ( ! excess ov] #fj1jjj4,ov] #hj1jjj b n ov] #ajj1jjjah1bjj1 plus #bh ( ! excess ov] #hj1jjj4,ov] #ajj1jjj b n ov] #aej1jjjbc1hjj1 plus #cj ( ! excess ov] #ajj1jjj4,ov] #aej1jjj b n ov] #bej1jjjch1hjj1 plus #cb ( ! excess ov] #aej1jjj4,ov] #bej1jjj b n ov] #ejj1jjjgj1hjj1 plus #cd ( ! excess ov] #bej1jjj4,ov] #ejj1jjjaee1hjj1 plus #ce ( ! excess ov] #ejj1jjj4 4 7b7 ,treatm5t ( ,c]ta9 ,transf]s 9 ,tru/ ,section #beaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7c7 ,treatm5t ( ,c]ta9 ,transf]s 9 ,tru/ ,not)/&+ any o!r provision ( ?is section & except z provid$ 9 regulations1 a transf] 9 tru/ %all be treat$ z a taxable gift "u section #bejc1 unless ! tru/ is treat$ z :olly own$ by ! donor or ! donor's sp\se "u subp>t ,e ( "p ,i ( sub*apt] ,j ( *apt] #a4 4 7c7 ,lifetime gift exemption 7#a7 ,9 g5]al ,p>agraph 7#a7 ( section #beje7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#a7 ! am\nt ( ! t5tative tax :i* w\ld be det]m9$ "u ! rate s*$ule set =? 9 section #bejb7;a77#b7 if ! am\nt ) respect to :i* su* t5tative tax is to be comput$ 7 #e1jjj1jjj1 r$uc$ by 4 7#b7 ,inflation adju/m5t ,section #beje ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7d7 ,inflation adju/m5t 7#a7 ,9 g5]al ,9 ! case ( any cal5d> ye> aft] #bjaa1 ! doll> am\nt 9 subsection 7a77#a7 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = su* cal5d> ye> by sub/itut+ cal5d> ye> #bjaj = cal5d> ye> #aiib 9 subp>agraph 7,b7 !re(4 7#b7 ,r\nd+ ,if any am\nt z adju/$ "u p>agraph 7#a7 is n a multiple ( #aj1jjj1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #aj1jjj4 4 7d7 ,con=m+ am5dm5ts 7#a7 ,section #beje7;a7 ( su* ,code is am5d$ by /rik+ ! la/ s5t5ce4 7#b7 ,! head+ = section #beje ( su* ,code is am5d$ by /rik+ ,unifi$4 7#c7 ,! item 9 ! table ( sections = sub*apt] ,a ( *apt] #ab ( su* ,code relat+ to section #beje is am5d$ to read z foll[s3 ,sec4 #beje4 ,cr$it aga9/ gift tax4 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to gifts made on or aft] ! date ( ! enactm5t ( ?is ,act4 7f7 ,transition rule 7#a7 ,9 g5]al ,= purposes ( apply+ sections #ajae7;d71 #bejb1 & #beje ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! cal5d> ye> 9 :i* ?is ,act is enact$ %all be treat$ z #b sep>ate cal5d> ye>s "o ( :i* ends on ! day be=e ! date ( ! enactm5t ( ?is ,act & ! o!r ( :i* beg9s on su* date ( enactm5t4 7#b7 ,application ( section #bejd7;b7 ,= purposes ( apply+ section #bejd7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! cal5d> ye> 9 :i* ?is ,act is enact$ %all be treat$ z #a prec$+ cal5d> p]iod4 ,,iv ,heal?c>e3 exp&+ *oice & l[]+ co/s #dja4 ,f9d+s & purpose 7a7 ,f9d+s 7#a7 ,effect on heal? c>e access & co/s ,congress f9ds t ! curr5t civil ju/ice sy/em 9 ! ,unit$ ,/ates is adv]sely affect+ pati5t access to heal? c>e s]vices1 bett] pati5t c>e1 & co/-effici5t heal? c>e1 9 t ! heal? c>e liability sy/em is-- 7,a7 a co/ly & ineffective me*anism = resolv+ claims ( heal? c>e liability & comp5sat+ injur$ pati5ts1 & 7,b7 a det]r5t to ! %>+ ( in=mation among heal? c>e pr(essionals1 :i* imp$es ef=ts to improve pati5t safety & quality ( c>e4 7#b7 ,effect on int]/ate comm]ce ,congress f9ds t ! heal? c>e & insurance indu/ries are indu/ries affect+ int]/ate comm]ce & ! heal? c>e liability litigation sy/ems exi/+ ?r\gh\t ! ,unit$ ,/ates are activities t affect int]/ate comm]ce by contribut+ to ! high co/s ( heal? c>e & premiums = heal? c>e liability insurance pur*as$ by heal? c>e sy/em provid]s4 7#c7 ,effect on f$]al sp5d+ ,congress f9ds t ! heal? c>e liability litigation sy/ems exi/+ ?r\gh\t ! ,unit$ ,/ates h a significant effect on ! am\nt1 di/ribution1 & use ( ,f$]al funds because (-- 7,a7 ! l>ge numb] ( individuals :o receive heal? c>e b5efits "u programs op]at$ or f9anc$ by ! ,f$]al ,gov]nm5t2 7,b7 ! l>ge numb] ( individuals :o b5efit because ( ! exclusion f ,f$]al taxes ( ! am\nts sp5t to provide !m ) heal? insurance b5efits2 & 7,c7 ! l>ge numb] ( heal? c>e provid]s :o provide items or s]vices = :i* ! ,f$]al ,gov]nm5t makes paym5ts4 7b7 ,purpose ,x is ! purpose ( ?is title to implem5t reasonable1 compreh5sive1 & effective heal? c>e liability re=ms design$ to-- 7#a7 improve ! availability ( heal? c>e s]vices 9 cases 9 :i* heal? c>e liability actions h be5 %[n to be a factor 9 ! decreas$ availability ( s]vices2 7#b7 r$uce ! incid5ce ( def5sive m$ic9e & l[] ! co/ ( heal? c>e liability insurance1 all ( :i* contribute to ! escalation ( heal? c>e co/s2 7#c7 ensure t p]sons ) m]itori\s heal? c>e injury claims receive fair & adequate comp5sation1 includ+ reasonable noneconomic damages2 7#d7 improve ! fairness & co/-effectiv5ess ( ! curr5t heal? c>e liability sy/em 9 ! ,unit$ ,/ates to resolve disputes ov]1 & provide comp5sation =1 heal? c>e liability by r$uc+ unc]ta9ty 9 ! am\nt ( comp5sation provid$ to injur$ individuals2 & 7#e7 provide an increas$ %>+ ( in=mation 9 ! heal? c>e sy/em :i* w r$uce un9t5d$ injury & improve pati5t c>e4 #djb4 ,enc\rag+ spe$y resolution ( claims 7a7 ,actions by adults 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 no heal? c>e lawsuit may be comm5c$ aft] ! e>li] (-- 7,a7 ! expiration ( ! #c-ye> p]iod beg9n+ on ! date ( ! manife/ation ( injury2 or 7,b7 ! expiration ( ! #a-ye> p]iod beg9n+ on ! date on :i* ! claimant discov]s1 or ?r\gh ! use ( reasonable dilig5ce %\ld h discov]$1 ! injury4 7#b7 ,exception ,a heal? c>e lawsuit may be comm5c$ aft] ! expiration ( ! #c-ye> p]iod describ$ 9 p>agraph 7#a7 if ! claimant demon/rates-- 7,a7 fraud2 7,b7 int5tional concealm5t2 or 7,c7 ! pres5ce ( a =eign body1 :i* has no !rapeutic or diagno/ic purpose or effect1 9 ! p]son ( ! injur$ p]son4 7b7 ,actions by a m9or 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 a heal? c>e lawsuit by a m9or %all be comm5c$ n lat] ?an #c ye>s aft] ! date ( ! alleg$ manife/ation ( injury except t actions by a m9or "u ! full age ( #f ye>s %all be comm5c$ )9 #c ye>s ( manife/ation ( injury or prior to ! m9or's #h? bir?day1 :i*ev] provides a long] p]iod4 7#b7 ,exception ,! limitation 9 p>agraph 7#a7 %all be toll$ = m9ors = any p]iod dur+ :i* a p>5t or gu>dian & a heal? c>e provid] or heal? c>e organization h committ$ fraud or collusion 9 ! failure to br+ an action on behalf ( ! injur$ m9or4 #djc4 ,comp5sat+ pati5t injury 7a7 ,unlimit$ am\nt ( damages = actual economic losses 9 heal? c>e lawsuits ,not)/&+ ! limitation 9 subsection 7b71 9 any heal? c>e lawsuit1 no?+ 9 ?is title %all limit ! recov]y by a claimant ( ! full am\nt ( ! available economic damages4 7b7 ,additional noneconomic damages ,9 any heal? c>e lawsuit1 ! am\nt ( noneconomic damages1 if available1 may be n m ?an #bej1jjj1 reg>dless ( ! numb] ( p>ties aga9/ :om ! action is br\ght or ! numb] ( sep>ate claims or actions br\ght ) respect to ! same injury4 7c7 ,no disc\nt ( aw>d = noneconomic damages 7#a7 ,9 g5]al ,= purposes ( apply+ ! limitation 9 subsection 7b71 future noneconomic damages %all n be disc\nt$ to pres5t value4 7#b7 ,jury n in=m$ ,! jury %all n be in=m$ ab\t ! maximum aw>d = noneconomic damages4 7#c7 ,r$uction 9 aw>d ,an aw>d = noneconomic damages m ?an #bej1jjj %all be r$uc$ ei!r be=e ! entry ( judgm5t1 or by am5dm5t ( ! judgm5t aft] entry ( judgm5t1 & su* r$uction %all be made be=e acc\nt+ = any o!r r$uction 9 damages requir$ by law4 7#d7 ,sep>ate aw>ds ,if sep>ate aw>ds are r5d]$ = pa/ & future noneconomic damages & ! comb9$ aw>ds are m ?an #bej1jjj1 ! future noneconomic damages %all be r$uc$ fir/4 7d7 ,fair %>e rule 7#a7 ,9 g5]al ,9 any heal? c>e lawsuit1 ea* p>ty %all be liable = t p>ty's sev]al %>e ( any damages only & n = ! %>e ( any o!r p]son4 7#b7 ,proportion to p]c5tage ( responsibility ,ea* p>ty %all be liable only = ! am\nt ( damages allocat$ to su* p>ty 9 direct proportion to su* p>ty's p]c5tage ( responsibility4 7#c7 ,sep>ate judgm5ts ,:5ev] a judgm5t ( liability is r5d]$ z to any p>ty1 a sep>ate judgm5t %all be r5d]$ aga9/ ea* su* p>ty = ! am\nt allocat$ to su* p>ty4 7#d7 ,det]m9ation ,= purposes ( ?is section1 ! tri] ( fact %all det]m9e ! proportion ( responsibility ( ea* p>ty = ! h>m to ! claimant4 #djd4 ,maximiz+ pati5t recov]y 7a7 ,c\rt sup]vision ( %>e ( damages actually paid to claimants 7#a7 ,9 g5]al ,9 any heal? c>e lawsuit1 ! c\rt %all sup]vise ! arrangem5ts = paym5t ( damages to protect aga9/ conflicts ( int]e/ t may h ! effect ( r$uc+ ! am\nt ( damages aw>d$ t are actually paid to claimants4 7#b7 ,cont+5t fees 7,a7 ,9 g5]al ,9 p>ticul>1 9 any heal? c>e lawsuit 9 :i* ! attorney = a p>ty claims a f9ancial /ake 9 ! outcome by virtue ( a cont+5t fee1 ! c\rt %all h ! p[] to re/rict ! paym5t ( a claimant's damage recov]y to su* attorney1 & to r$irect su* damages to ! claimant bas$ ^u ! int]e/s ( ju/ice & pr9ciples ( equity4 7,b7 ,maximum ,9 no ev5t %all ! total ( all cont+5t fees = repres5t+ all claimants 9 a heal? c>e lawsuit exce$ ! foll[+ limits3 7i7 #dj p]c5t ( ! fir/ #ej1jjj recov]$ by all su* claimants4 7ii7 #cca_/c p]c5t ( ! next #ej1jjj recov]$ by all su* claimants4 7iii7 #be p]c5t ( ! next #ejj1jjj recov]$ by all su* claimants4 7iv7 #ae p]c5t ( any am\nt by :i* ! recov]y by all su* claimants is 9 excess ( #fjj1jjj4 7b7 ,applicability 7#a7 ,9 g5]al ,! limitations 9 ?is section %all apply :e!r ! recov]y is by judgm5t1 settlem5t1 m$iation1 arbitration1 or any o!r =m ( alt]native dispute resolution4 7#b7 ,m9or or incompet5t p]sons ,9 a heal? c>e lawsuit involv+ a m9or or incompet5t p]son1 a c\rt reta9s ! au?ority to au?orize or approve a fee t is less ?an ! maximum p]mitt$ "u ?is section4 7#c7 ,c\rt sup]vision ,! requirem5t = c\rt sup]vision 9 p>agraphs 7#a7 & 7#b7 ( subsection 7a7 %all apply only 9 civil actions4 #dje4 ,additional heal? b5efits 7a7 ,9 g5]al ,9 any heal? c>e lawsuit involv+ injury or wrongful dea?1 any p>ty may introduce evid5ce ( collat]al s\rce b5efits4 7b7 ,election ,if a p>ty elects to introduce su* evid5ce1 any oppos+ p>ty may introduce evid5ce ( any am\nt paid or contribut$ or reasonably likely to be paid or contribut$ 9 ! future by or on behalf ( ! oppos+ p>ty to secure ! "r to su* collat]al s\rce b5efits4 7c7 ,provid]s ( collat]al b5efits ,no provid] ( collat]al s\rce b5efits %all recov] any am\nt aga9/ ! claimant or receive any li5 or cr$it aga9/ ! claimant's recov]y or be equitably or legally subrogat$ to ! "r ( ! claimant 9 a heal? c>e lawsuit involv+ injury or wrongful dea?4 7d7 ,application ,?is section-- 7#a7 %all apply to any heal? c>e lawsuit t is settl$ z well z a heal? c>e lawsuit t is resolv$ by a fact f9d]2 & 7#b7 %all n apply to section #ahfb7;b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aciey7b77 or section #aijb7;a77#be7 ( su* ,act 7#db ,u4,s4,c4 #acif;a7a77#be774 #djf4 ,punitive damages 7a7 ,9 g5]al 7#a7 ,malici\s int5t or delib]ate failure ,punitive damages may1 if o!rwise p]mitt$ by applicable ,/ate or ,f$]al law1 be aw>d$ aga9/ any p]son 9 a heal? c>e lawsuit only if x is prov5 by cle> & conv9c+ evid5ce t su* p]son act$ ) malici\s int5t to injure ! claimant1 or t su* p]son delib]ately fail$ to avoid unnecess>y injury t su* p]son knew ! claimant 0 sub/antially c]ta9 to suff]4 7#b7 ,no judgm5t = comp5satory damages ,9 any heal? c>e lawsuit = :i* no judgm5t = comp5satory damages is r5d]$ aga9/ su* p]son1 no punitive damages may be aw>d$ ) respect to ! claim 9 su* lawsuit4 7#c7 ,dem& = punitive damages ,no dem& = punitive damages %all be includ$ 9 a heal? c>e lawsuit z initially fil$4 7#d7 ,am5d$ plead+ ,a c\rt may all[ a claimant to file an am5d$ plead+ = punitive damages only ^u a motion by ! claimant & aft] a f9d+ by ! c\rt1 ^u review ( support+ & oppos+ affidavits or aft] a he>+1 aft] weigh+ ! evid5ce1 t ! claimant has e/abli%$ by a sub/antial probability t ! claimant w prevail on ! claim = punitive damages4 7#e7 ,sep>ate proce$+s 7,a7 ,9 g5]al ,at ! reque/ ( any p>ty 9 a heal? c>e lawsuit1 ! tri] ( fact %all consid] 9 a sep>ate proce$+-- 7i7 :e!r punitive damages are to be aw>d$ & ! am\nt ( su* aw>d2 & 7ii7 ! am\nt ( punitive damages foll[+ a det]m9ation ( punitive liability4 7,b7 ,relevant evid5ce ,if a sep>ate proce$+ is reque/$1 evid5ce relevant only to ! claim = punitive damages1 z det]m9$ by applicable ,/ate law1 %all be inadmissible 9 any proce$+ to det]m9e :e!r comp5satory damages are to be aw>d$4 7b7 ,det]m9+ ,am\nt ( ,punitive ,damages 7#a7 ,factors consid]$ ,9 det]m9+ ! am\nt ( punitive damages1 if aw>d$1 9 a heal? c>e lawsuit1 ! tri] ( fact %all consid] only ! foll[+3 7,a7 ,! sev]ity ( ! h>m caus$ by ! conduct ( su* p>ty4 7,b7 ,! duration ( ! conduct or any concealm5t ( x by su* p>ty4 7,c7 ,! pr(itability ( ! conduct to su* p>ty4 7,d7 ,! numb] ( products sold or m$ical proc$ures r5d]$ = comp5sation1 z ! case may be1 by su* p>ty1 ( ! k9d caus+ ! h>m compla9$ ( by ! claimant4 7,e7 ,any crim9al p5alties impos$ on su* p>ty1 z a result ( ! conduct compla9$ ( by ! claimant4 7,f7 ,! am\nt ( any civil f9es assess$ aga9/ su* p>ty z a result ( ! conduct compla9$ ( by ! claimant4 7#b7 ,maximum aw>d ,! am\nt ( punitive damages1 if aw>d$1 9 a heal? c>e lawsuit may be z mu* z #bej1jjj or z mu* z two times ! am\nt ( economic damages aw>d$1 :i*ev] is great]4 ,! jury %all n be in=m$ ( ?is limitation4 7c7 ,no ,punitive ,damages = ,products ,t ,comply ,) ,,fda ,/&>ds 7#a7 ,liability ( c]ta9 manufactur]s1 di/ributors1 & suppli]s 7,a7 ,9 g5]al ,no punitive damages may be aw>d$ aga9/ ! manufactur] or di/ributor ( a m$ical product1 or a suppli] ( any compon5t or raw mat]ial ( su* m$ical product1 bas$ on a claim t su* product caus$ ! claimant's h>m :]e-- 7i7 7,i7 su* m$ical product 0 subject to prem>ket approval1 cle>ance1 or lic5sure by ! ,food & ,drug ,adm9i/ration ) respect to ! safety ( ! =mulation or p]=mance ( ! aspect ( su* m$ical product :i* caus$ ! claimant's h>m or ! adequacy ( ! packag+ or label+ ( su* m$ical product2 & 7,,ii7 su* m$ical product 0 s approv$1 cle>$1 or lic5s$2 or 7ii7 su* m$ical product is g5]ally recogniz$ among qualifi$ exp]ts z safe & effective pursuant to conditions e/abli%$ by ! ,food & ,drug ,adm9i/ration & applicable ,food & ,drug ,adm9i/ration regulations1 includ+ )\t limitation ^? relat$ to packag+ & label+1 unless ! ,food & ,drug ,adm9i/ration has det]m9$ t su* m$ical product 0 n manufactur$ or di/ribut$ 9 sub/antial compliance ) applicable ,food & ,drug ,adm9i/ration /atutes & regulations4 7,b7 ,rule ( con/ruction ,subp>agraph 7,a7 may n be con/ru$ z e/abli%+ ! obligation ( ! ,food & ,drug ,adm9i/ration to demon/rate affirmatively t a manufactur]1 di/ributor1 or suppli] ref]r$ to 9 su* subp>agraph meets any ( ! conditions describ$ 9 su* subp>agraph4 7#b7 ,liability ( heal? c>e provid]s 7,a7 ,9 g5]al ,a heal? c>e provid] :o prescribes1 or :o disp5ses pursuant to a prescription1 a m$ical product approv$1 lic5s$1 or cle>$ by ! ,food & ,drug ,adm9i/ration %all n be nam$ z a p>ty to a product liability lawsuit involv+ su* product & %all n be liable to a claimant 9 a class action lawsuit aga9/ ! manufactur]1 di/ributor1 or sell] ( su* product4 7,b7 ,consolidation ,no?+ 9 ?is p>agraph prev5ts a c\rt f consolidat+ cases involv+ heal? c>e provid]s & cases involv+ products liability claims aga9/ ! manufactur]1 di/ributor1 or product sell] ( su* m$ical product4 7#c7 ,packag+ ,9 a heal? c>e lawsuit = h>m :i* is alleg$ to relate to ! adequacy ( ! packag+ or label+ ( a drug :i* is requir$ to h tamp]-resi/ant packag+ "u regulations ( ! ,secret>y ( ,heal? & ,human ,s]vices 7includ+ label+ regulations relat$ to su* packag+71 ! manufactur] or product sell] ( ! drug %all n be held liable = punitive damages unless su* packag+ or label+ is f\nd by ! tri] ( fact by cle> & conv9c+ evid5ce to be sub/antially out ( compliance ) su* regulations4 7#d7 ,exception ,p>agraph 7#a7 %all n apply ) respect to any heal? c>e lawsuit 9 :i*-- 7,a7 a p]son1 be=e or aft] prem>ket approval1 cle>ance1 or lic5sure ( su* m$ical product1 kn[+ly misrepres5t$ to or )held f ! ,food & ,drug ,adm9i/ration in=mation t is requir$ to be submitt$ "u ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cja et seq47 or section #cea ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #bfb7 t is mat]ial & is causally relat$ to ! h>m :i* ! claimant alleg$ly suff]$2 or 7,b7 a p]son made an illegal paym5t to an (ficial ( ! ,food & ,drug ,adm9i/ration = ! purpose ( ei!r secur+ or ma9ta9+ approval1 cle>ance1 or lic5sure ( su* m$ical product4 #djg4 ,au?orization ( paym5t ( future damages to claimants 9 heal? c>e lawsuits 7a7 ,9 g5]al ,9 any heal? c>e lawsuit1 if an aw>d ( future damages1 )\t r$uction to pres5t value1 equal+ or exce$+ #ej1jjj is made aga9/ a p>ty ) suffici5t insurance or o!r assets to fund a p]iodic paym5t ( su* a judgm5t1 ! c\rt %all1 at ! reque/ ( any p>ty1 ent] a judgm5t ord]+ t ! future damages be paid by p]iodic paym5ts4 ,9 any heal? c>e lawsuit1 ! c\rt may be guid$ by ! ,uni=m ,p]iodic ,paym5t ( ,judgm5ts ,act promulgat$ by ! ,national ,conf]5ce ( ,commission]s on ,uni=m ,/ate ,laws4 7b7 ,applicability ,?is section applies to all actions :i* h n be5 fir/ set = trial or retrial be=e ! date ( ! enactm5t ( ?is title4 #djh4 ,def9itions ,9 ?is title3 7#a7 ,alt]native dispute resolution sy/em2 ,,adr ,! t]m alt]native dispute resolution sy/em or ,,adr means a sy/em t provides = ! resolution ( heal? c>e lawsuits 9 a mann] o!r ?an ?r\gh a civil action br\ght 9 a ,/ate or ,f$]al c\rt4 7#b7 ,claimant ,! t]m claimant means any p]son :o br+s a heal? c>e lawsuit1 includ+ a p]son :o ass]ts or claims a "r to legal or equitable contribution1 indemnity1 or subrogation1 aris+ out ( a heal? c>e liability claim or action1 & any p]son on ^: behalf su* a claim is ass]t$ or su* an action is br\ght1 :e!r deceas$1 incompet5t1 or a m9or4 7#c7 ,collat]al s\rce b5efits ,! t]m collat]al s\rce b5efits means any am\nt paid or reasonably likely to be paid 9 ! future to1 or on behalf (1 ! claimant1 or any s]vice1 product1 or o!r b5efit provid$ or reasonably likely to be provid$ 9 ! future to1 or on behalf (1 ! claimant1 z a result ( ! injury or wrongful dea?1 pursuant to-- 7,a7 any ,/ate or ,f$]al heal?1 sickness1 income-disability1 accid5t1 or work]s' comp5sation law2 7,b7 any heal?1 sickness1 income-disability1 or accid5t insurance t provides heal? b5efits or income-disability cov]age2 7,c7 any contract or agreem5t ( any gr\p1 organization1 p>tn]%ip1 or corporation to provide1 pay =1 or reimburse ! co/ ( m$ical1 hospital1 d5tal1 or income-disability b5efits2 & 7,d7 any o!r publicly or privately fund$ program4 7#d7 ,comp5satory damages ,! t]m comp5satory damages means objectively v]ifiable monet>y losses incurr$ z a result ( ! provision (1 use (1 or paym5t = 7or failure to provide1 use1 or pay =7 heal? c>e s]vices or m$ical products1 su* z pa/ & future m$ical exp5ses1 loss ( pa/ & future e>n+s1 co/ ( obta9+ dome/ic s]vices1 loss ( employm5t1 & loss ( bus9ess or employm5t opportunities1 damages = physical & emotional pa91 suff]+1 inconv5i5ce1 physical impairm5t1 m5tal angui%1 disfigurem5t1 loss ( enjoym5t ( life1 loss ( society & companion%ip1 loss ( consortium 7o!r ?an loss ( dome/ic s]vice71 h$onic damages1 injury to reputation1 & all o!r nonpecuni>y losses ( any k9d or nature4 ,! t]m comp5satory damages includes economic damages & noneconomic damages1 z su* t]ms are def9$ 9 ?is section4 7#e7 ,cont+5t fee ,! t]m cont+5t fee includes all comp5sation to any p]son or p]sons :i* is payable only if a recov]y is effect$ on behalf ( "o or m claimants4 7#f7 ,economic damages ,! t]m economic damages means objectively v]ifiable monet>y losses incurr$ z a result ( ! provision (1 use (1 or paym5t = 7or failure to provide1 use1 or pay =7 heal? c>e s]vices or m$ical products1 su* z pa/ & future m$ical exp5ses1 loss ( pa/ & future e>n+s1 co/ ( obta9+ dome/ic s]vices1 loss ( employm5t1 & loss ( bus9ess or employm5t opportunities4 7#g7 ,heal? c>e lawsuit ,! t]m heal? c>e lawsuit means any heal? c>e liability claim conc]n+ ! provision ( heal? c>e goods or s]vices or any m$ical product affect+ int]/ate comm]ce1 or any heal? c>e liability action conc]n+ ! provision ( heal? c>e goods or s]vices or any m$ical product affect+ int]/ate comm]ce1 br\ght 9 a ,/ate or ,f$]al c\rt or pursuant to an alt]native dispute resolution sy/em1 aga9/ a heal? c>e provid]1 a heal? c>e organization1 or ! manufactur]1 di/ributor1 suppli]1 m>ket]1 promot]1 or sell] ( a m$ical product1 reg>dless ( ! !ory ( liability on :i* ! claim is bas$1 or ! numb] ( claimants1 pla9tiffs1 def5dants1 or o!r p>ties1 or ! numb] ( claims or causes ( action1 9 :i* ! claimant alleges a heal? c>e liability claim4 ,su* t]m does n include a claim or action :i* is bas$ on crim9al liability2 :i* seeks civil f9es or p5alties paid to ,f$]al1 ,/ate1 or local gov]nm5t2 or :i* is gr\nd$ 9 antitru/4 7#h7 ,heal? c>e liability action ,! t]m heal? c>e liability action means a civil action br\ght 9 a ,/ate or ,f$]al c\rt or pursuant to an alt]native dispute resolution sy/em1 aga9/ a heal? c>e provid]1 a heal? c>e organization1 or ! manufactur]1 di/ributor1 suppli]1 m>ket]1 promot]1 or sell] ( a m$ical product1 reg>dless ( ! !ory ( liability on :i* ! claim is bas$1 or ! numb] ( pla9tiffs1 def5dants1 or o!r p>ties1 or ! numb] ( causes ( action1 9 :i* ! claimant alleges a heal? c>e liability claim4 7#i7 ,heal? c>e liability claim ,! t]m heal? c>e liability claim means a dem& by any p]son1 :e!r or n pursuant to ,,adr1 aga9/ a heal? c>e provid]1 heal? c>e organization1 or ! manufactur]1 di/ributor1 suppli]1 m>ket]1 promot]1 or sell] ( a m$ical product1 includ+1 b n limit$ to1 ?ird-p>ty claims1 cross-claims1 c\nt]-claims1 or contribution claims1 :i* are bas$ ^u ! provision (1 use (1 or paym5t = 7or ! failure to provide1 use1 or pay =7 heal? c>e s]vices or m$ical products1 reg>dless ( ! !ory ( liability on :i* ! claim is bas$1 or ! numb] ( pla9tiffs1 def5dants1 or o!r p>ties1 or ! numb] ( causes ( action4 7#aj7 ,heal? c>e organization ,! t]m heal? c>e organization means any p]son or entity :i* is obligat$ to provide or pay = heal? b5efits "u any heal? plan1 includ+ any p]son or entity act+ "u a contract or arrangem5t ) a heal? c>e organization to provide or adm9i/] any heal? b5efit4 7#aa7 ,heal? c>e provid] ,! t]m heal? c>e provid] means any p]son or entity requir$ by ,/ate or ,f$]al laws or regulations to be lic5s$1 regi/]$1 or c]tifi$ to provide heal? c>e s]vices1 & be+ ei!r s lic5s$1 regi/]$1 or c]tifi$1 or exempt$ f su* requirem5t by o!r /atute or regulation4 7#ab7 ,heal? c>e goods or s]vices ,! t]m heal? c>e goods or s]vices means any goods or s]vices provid$ by a heal? c>e organization1 provid]1 or by any individual work+ "u ! sup]vision ( a heal? c>e provid]1 t relates to ! diagnosis1 prev5tion1 or treatm5t ( any human disease or impairm5t1 or ! assessm5t or c>e ( ! heal? ( human be+s4 7#ac7 ,malici\s int5t to injure ,! t]m malici\s int5t to injure means int5tionally caus+ or attempt+ to cause physical injury o!r ?an provid+ heal? c>e goods or s]vices4 7#ad7 ,m$ical product ,! t]m m$ical product means a drug1 device1 or biological product int5d$ = humans1 & ! t]ms drug1 device1 & biological product h ! mean+s giv5 su* t]ms 9 sections #bja7;g77#a7 & #bja7;h7 ( ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cba7;g77#a7 & 7h77 & section #cea7;a7 ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #bfb7;a771 respectively1 includ+ any compon5t or raw mat]ial us$ !re91 b exclud+ heal? c>e s]vices4 7#ae7 ,noneconomic damages ,! t]m noneconomic damages means damages = physical & emotional pa91 suff]+1 inconv5i5ce1 physical impairm5t1 m5tal angui%1 disfigurem5t1 loss ( enjoym5t ( life1 loss ( society & companion%ip1 loss ( consortium 7o!r ?an loss ( dome/ic s]vice71 h$onic damages1 injury to reputation1 & all o!r nonpecuni>y losses ( any k9d or nature4 7#af7 ,punitive damages ,! t]m punitive damages means damages aw>d$1 = ! purpose ( puni%m5t or det]r5ce1 & n solely = comp5satory purposes1 aga9/ a heal? c>e provid]1 heal? c>e organization1 or a manufactur]1 di/ributor1 or suppli] ( a m$ical product4 ,punitive damages are nei!r economic nor noneconomic damages4 7#ag7 ,recov]y ,! t]m recov]y means ! net sum recov]$ aft] d$uct+ any disbursem5ts or co/s incurr$ 9 connection ) prosecution or settlem5t ( ! claim1 includ+ all co/s paid or advanc$ by any p]son4 ,co/s ( heal? c>e incurr$ by ! pla9tiff & ! attorneys' (fice ov]head co/s or *>ges = legal s]vices are n d$uctible disbursem5ts or co/s = su* purpose4 7#ah7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 ! ,unit$ ,/ates ,virg9 ,isl&s1 ,guam1 ,am]ican ,samoa1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ! ,tru/ ,t]ritory ( ! ,pacific ,isl&s1 & any o!r t]ritory or possession ( ! ,unit$ ,/ates1 or any political subdivision !re(4 #dji4 ,effect on o!r laws 7a7 ,vacc9e ,injury 7#a7 ,to ! ext5t t title ,,xxi ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #cjj;aa-#a et seq47 e/abli%es a ,f$]al rule ( law applicable to a civil action br\ght = a vacc9e-relat$ injury or dea?-- 7,a7 ?is title does n affect ! application ( ! rule ( law applicable to su* an action2 & 7,b7 any rule ( law prescrib$ by ?is title 9 conflict ) a rule ( law ( title ,,xxi ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #cjj;aa-#a et seq47 %all n apply to su* action4 7#b7 ,if !re is an aspect ( a civil action br\ght = a vacc9e-relat$ injury or dea? to :i* a ,f$]al rule ( law "u title ,,xxi ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #cjj;aa-#a et seq47 does n apply1 !n ?is title or o!rwise applicable law 7z det]m9$ "u ?is title7 w apply to su* aspect ( su* action4 7b7 ,o!r ,f$]al law ,except z provid$ 9 ?is section1 no?+ 9 ?is title %all be deem$ to affect any def5se available to a def5dant 9 a heal? c>e lawsuit or action "u any o!r provision ( ,f$]al law4 #daj4 ,/ate flexibility & protection ( ,/ates' rights 7a7 ,heal? c>e lawsuits ,! provisions gov]n+ heal? c>e lawsuits set =? 9 ?is title preempt1 subject to subsections 7b7 & 7c71 ,/ate law to ! ext5t t ,/ate law prev5ts ! application ( any provisions ( law e/abli%$ by or "u ?is title4 ,! provisions gov]n+ heal? c>e lawsuits set =? 9 ?is title sup]s$e *apt] #aga ( title #bh1 ,unit$ ,/ates ,code1 to ! ext5t t su* *apt]-- 7#a7 provides = a great] am\nt ( damages or cont+5t fees1 a long] p]iod 9 :i* a heal? c>e lawsuit may be comm5c$1 or a r$uc$ applicability or scope ( p]iodic paym5t ( future damages1 ?an provid$ 9 ?is title2 or 7#b7 prohibits ! introduction ( evid5ce reg>d+ collat]al s\rce b5efits1 or m&ates or p]mits subrogation or a li5 on collat]al s\rce b5efits4 7b7 ,protection ( ,/ates' rights & o!r laws 7#a7 ,9 g5]al ,any issue t is n gov]n$ by any provision ( law e/abli%$ by or "u ?is title 7includ+ ,/ate /&>ds ( neglig5ce7 %all be gov]n$ by o!rwise applicable ,/ate or ,f$]al law4 7#b7 ,laws t provide great] protections ,?is title %all n preempt or sup]s$e any ,/ate or ,f$]al law t imposes great] proc$ural or sub/antive protections = heal? c>e provid]s & heal? c>e organizations f liability1 loss1 or damages ?an ^? provid$ by ?is title or create a cause ( action4 7c7 ,/ate flexibility ,no provision ( ?is title %all be con/ru$ to preempt-- 7#a7 any ,/ate law 7:e!r effective be=e1 on1 or aft] ! date ( ! enactm5t ( ?is title7 t specifies a p>ticul> monet>y am\nt ( comp5satory or punitive damages 7or ! total am\nt ( damages7 t may be aw>d$ 9 a heal? c>e lawsuit1 reg>dless ( :e!r su* monet>y am\nt is great] or less] ?an is provid$ = "u ?is title1 not)/&+ section #djc7;a72 or 7#b7 any def5se available to a p>ty 9 a heal? c>e lawsuit "u any o!r provision ( ,/ate or ,f$]al law4 #daa4 ,applicability2 effective date ,?is title %all apply to any heal? c>e lawsuit br\ght 9 a ,f$]al or ,/ate c\rt1 or subject to an alt]native dispute resolution sy/em1 t is initiat$ on or aft] ! date ( ! enactm5t ( ?is title1 except t any heal? c>e lawsuit aris+ f an injury occurr+ prior to ! date ( ! enactm5t ( ?is title %all be gov]n$ by ! applicable /atute ( limitations provisions 9 effect at ! "t ! injury occurr$4 #dab4 ,s5se ( ,congress ,x is ! s5se ( ,congress t a heal? insur] %\ld be liable = damages = h>m caus$ :5 x makes a decision z to :at c>e is m$ically necess>y & appropriate4 #dac4 ,,seca tax d$uction = heal? insurance co/s 7a7 ,9 g5]al ,subsection 7l7 ( section #afb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#d7 & by r$esignat+ p>agraph 7#e7 z p>agraph 7#d74 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is title4 ,v ,work=ce ,integrity #eja4 ,v]ification "u ,e-,v]ify ,program by telephone ,section #djd7;d7 ( ! ,illegal ,immigration ,re=m & ,immigrant ,responsibility ,act ( #aiif 7division ,c ( ,public ,law #ajd-bjh2 #h ,u4,s4,c4 #acbd;a note7 is am5d$-- 7#a7 9 p>agraph 7#c71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#d77;,c71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#e7 9 su* a mann] t ! confirmation or nonconfirmation may be provid$ by telephone4 4 #ejb4 ,grace p]iod to correct pap]work ,any small bus9ess conc]n t violates any provision ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaja et seq47 relat+ to ! fil+ ( an application1 petition1 or o!r pap]work1 result+ 9 ! assessm5t ( a f9e or p5alty %all n be subject to t f9e or o!r p5alty if t small bus9ess conc]n rem$ies t violation dur+ ! #cj-;day p]iod beg9n+ on ! date on :i* notice ( ! violation is receiv$ by ! small bus9ess conc]n4 ,,vi ,inc5tives = en]gy effici5cy #fja4 ,ext5d ! tax cr$it = resid5tial en]gy-effici5t prop]ty 7a7 ,ext5sion ( cr$it ,subsection 7h7 ( section #be;,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjaf 7,decemb] #ca1 #bjba1 9 ! case ( any qualifi$ sol> electric prop]ty exp5ditures & qualifi$ sol> wat] heat+ prop]ty exp5ditures7 & ins]t+ ,decemb] #ca1 #bjba4 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect on ,janu>y #a1 #bjag4 #fjb4 ,make p]man5t ! en]gy effici5cy cr$it = exi/+ homes ,section #be;,c ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ subsection 7g74 #fjc4 ,make p]man5t ! en]gy effici5cy comm]cial build+s d$uction ,section #agi;,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ subsection 7h74 ,,vii ,guidance ab\t new rules #gja4 ,guidance & advice ab\t new rules 7a7 ,det]m9ation reg>d+ impact ( new rules 7#a7 ,9 g5]al ,! head ( ea* dep>tm5t or ag5cy ( ! ,f$]al ,gov]nm5t may n issue a rule until t head has conduct$ a /udy to det]m9e :e!r ! rule w h an unduly burd5some effect on small bus9ess conc]ns4 7#b7 ,guidance ,if ! head ( a dep>tm5t or ag5cy ( ! ,f$]al ,gov]nm5t det]m9es t ! effect describ$ 9 p>agraph 7#a7 w\ld occur1 ! head %all1 n lat] ?an ! date t is #c mon?s aft] ! date on :i* ! det]m9ation is made1 submit to ! ,adm9i/rator guidance on h[ t effect may be mitigat$4 7b7 ,advice ,! ,adm9i/rator %all1 on reque/1 provide su* o!r advice to small bus9ess conc]ns ab\t ^? matt]s z ! ,adm9i/rator det]m9es appropriate4 7c7 ,publication ,! ,adm9i/rator %all publi% & ma9ta9 all guidance receiv$ "u subsection 7a7 & all advice provid$ "u subsection 7b7 on ! website ( ! ,adm9i/ration1 9 a mann] t ensures ! cont9u+ availability ( t guidance to small bus9ess conc]ns4 ,,viii ,small bus9ess provisions ,a ,small ,bus9ess ,g5]al ,provisions #hja4 ,adm9i/ration prohibit$ f capp+ executive comp5sation ,9 c>ry+ out any program "u ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 or ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #ffa et seq471 ! ,adm9i/rator may n impose any limit on executive comp5sation by any small bus9ess conc]n4 #hjb4 ,r$uction ( regulatory burd5 7a7 ,,gao ,report ,n lat] ?an #i mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ! ,adm9i/rator ! results ( a /udy ( ea* regulation ( ea* ,f$]al ag5cy or dep>tm5t t det]m9es ! burd5 t ea* su* regulation imposes on small bus9ess conc]ns4 7b7 ,,sba ,recomm5dations ,n lat] ?an #f mon?s aft] receiv+ ! report "u subsection 7a71 ! ,adm9i/rator %all publi% & ma9ta9 on ! public website ( ! ,adm9i/ration recomm5dations on h[ to r$uce ! burd5 impos$ by su* regulations on small bus9ess conc]ns4 7c7 ,r$uction ( pap]work 7#a7 ,9 g5]al ,9 c>ry+ out any program "u ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 or ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #ffa et seq471 ! ,adm9i/rator1 act+ ?r\gh ! ,*ief ,c\nsel ( ! ,(fice ( ,advocacy ( ! ,adm9i/ration1 %all take any actions t ! ,adm9i/rator det]m9es appropriate to r$uce ! am\nt ( pap]work1 includ+ any application1 fil+1 or petition1 t any ,f$]al dep>tm5t or ag5cy may require a small bus9ess conc]n to complete4 7#b7 ,electronic & telephonic fil+ ,! actions tak5 by ! ,adm9i/rator "u p>agraph 7#a7 %all include provid+ = ! replacem5t ( ! pap]work describ$ 9 t p>agraph ) electronic or telephone fil+ or report+4 #hjc4 ,litigation burd5 on small bus9ess conc]ns to be limit$ to curr5t levels ,x is ! s5se ( ,congress t ,congress %\ld n pass legislation am5d+ sub/antive or proc$ural law if ! am5dm5t w\ld cause m small bus9ess conc]ns to be involv$ 9 litigation4 #hjd4 ,expansion ( volunte] repres5tation & b5*m>k reports ,section #h7;b77#a77;,b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b77 is am5d$-- 7#a7 by ins]t+ 7i7 aft] 7,b72 & 7#b7 by add+ at ! end ! foll[+3 7ii7 ,! ,adm9i/rator %all ensure t ! ,s]vice ,corps ( ,retir$ ,executives-- 7,i7 c>ries out a plan to increase ! numb] ( m5tors 9 ! ,s]vice ,corps ( ,retir$ ,executives2 & 7,,ii7 annually reports to ! ,adm9i/rator on ! implem5tation ( ?is subp>agraph4 7iii7 ,! ,adm9i/rator %all ensure t ! ,s]vice ,corps ( ,retir$ ,executives1 :5 evaluat+ ! p]=mance ( ! activities & ! volunte]s ( ! ,s]vice ,corps ( ,retir$ ,executives1 e/abli%es b5*m>ks1 :i* %all include b5*m>ks relat+ to-- 7,i7 ! numb] ( h\rs sp5t m5tor+ by volunte]s2 & 7,,ii7 ! p]=mance ( ! p]sons assi/$ by ! ,s]vice ,corps ( ,retir$ ,executives4 7iv7 ,! ,s]vice ,corps ( ,retir$ ,executives %all annually report to ! ,adm9i/rator on :e!r ! b5*m>ks e/abli%$ "u clause 7iii7 are be+ met4 4 #hje4 ,m5tor+ & network+ ,section #h7;b77#a77;,b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b771 z am5d$ by ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+3 7v7 ,! ,adm9i/rator %all ensure t ! ,s]vice ,corps ( ,retir$ ,executives e/abli%es a m5tor+ program = small bus9ess conc]ns t provides individualiz$ advice to ea* small bus9ess conc]n f a qualifi$ c\nselor4 ,= purposes ( ?is clause1 a qualifi$ c\nselor is a c\nselor ) n few] ?an #aj ye>s ( exp]i5ce 9 ! indu/ry sector or area ( responsibility ( ! small bus9ess conc]n seek+ advice4 7vi7 ,! ,adm9i/rator %all c>ry out a network+ program ?r\gh ! ,s]vice ,corps ( ,retir$ ,executives t provides a small bus9ess conc]n ) ! opportunity to make bus9ess contacts 9 ! indu/ry or geographic region ( ! small bus9ess conc]n4 4 ,b ,small ,bus9ess ,goals #haa4 ,small bus9ess goals ,section #ae7;g7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g77 is am5d$-- 7#a7 9 p>agraph 7#a77;,a77i71 by /rik+ %all be e/abli%$ at n less ?an #bc p]c5t & ins]t+ except z provid$ 9 p>agraph 7#d71 %all be e/abli%$ at n less ?an #cj p]c5t2 & 7#b7 by add+ at ! end ! foll[+3 7#d7 7,a7 ,! ,presid5t may au?orize ! ,national ,a]onautics & ,space ,adm9i/ration & ! ,dep>tm5t ( ,en]gy to treat ! ,gov]nm5twide goal = p>ticipation by small bus9ess conc]ns z ?\gh su* goal 7 #bc p]c5t4 7,b7 ,n lat] ?an #fj days aft] provid+ an au?orization "u subp>agraph 7,a71 ! ,presid5t %all provide notice to ! ,(fice ( ,advocacy4 4 #hab4 ,ag5cy goal negotiation 7a7 ,negotiation ,section #ae7;g77#a77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g77#a77;,a77 is am5d$1 9 ! matt] prec$+ clause 7i71 by /rik+ ,! ,presid5t %all annually e/abli% ,gov]nm5twide goals = procurem5t contracts & ins]t+ ,! ,presid5t %all1 be=e ! end ( ea* fiscal ye>1 e/abli% new ,gov]nm5twide procurem5t goals = ! foll[+ fiscal ye> = procurem5t contracts4 7b7 ,m9imum level ,section #ae7;g77#a77;,b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g77#a77;,b77 is am5d$1 9 ! fir/ s5t5ce1 by ins]t+ 1 :i* %all n be l[] ?an ! ,gov]nm5twide goal1 aft] ,ea* ag5cy %all h an annual goal4 #hac4 ,proc$ures & me?ods = goal a*ievem5t 7a7 ,goal responsibility ,section #ae7;g77#b77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g77#b77;,a77 is am5d$ by ins]t+ ,! goals e/abli%$ by ! head ( ea* ,f$]al ag5cy %all be apportion$ )9 ! ,f$]al ag5cy to #a or m contract+ (fices 7z t t]m is def9$ 9 section #b4aja ( title #dh1 ,code ( ,f$]al ,regulations1 on ! date ( enactm5t ( ! ,small ,bus9ess ,bill ( ,rights7 t reports to a c>e] appo9tee 9 ! ,s5ior ,executive ,s]vice4 aft] ! fir/ s5t5ce4 7b7 ,s5ior ,executive ,s]vice 7#a7 ,purposes ,section #caca ( title #e1 ,unit$ ,/ates ,code1 is am5d$-- 7,a7 9 p>agraph 7#ac7 by /rik+ ! & at ! end2 7,b7 9 p>agraph 7#ad7 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7#ae7 ensure t ! ,gov]nm5t a*ieves ! small bus9ess procurem5t goals "u section #ae7;g7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g774 4 7#b7 ,tra9+ ,section #ccif7;a7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 ,! tra9+ provid$ to s5ior executives %all include ,f$]al procurem5t policy1 includ+ ! procurem5t provisions "u ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq4744 7#c7 ,limitation on sabbaticals ,section #ccif7;c77#b7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$-- 7,a7 9 subp>agraph 7,b77iii7 by /rik+ ! & at ! end2 7,b7 9 subp>agraph 7,c7 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7,c7 by ins]t+ aft] subp>agraph 7,c7 ! foll[+3 7,d7 :o ov]sees a contract+ (fice t did n meet its small bus9ess procurem5t goals e/abli%$ annually 9 accordance ) ! proc$ures "u section #ae7;g77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g77#b774 4 7#d7 ,limitation on inc5tive aw>ds 7,a7 ,9 g5]al ,an employee 9 ! ,s5ior ,executive ,s]vice %all n be eligible = any inc5tive aw>d specifi$ 9 sub*apt] ,i ( *apt] #de ( title #e1 ,unit$ ,/ates ,code1 dur+ a fiscal ye> if ! contract+ (fice :i* reports to t employee fails to meet ! procurem5t goals e/abli%$ = ! previ\s fiscal ye> 9 accordance ) ! proc$ures "u section #ae7;g77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;g77#b774 7,b7 ,sup]visors ,any c>e] or nonc>e] memb] ( ! ,s5ior ,executive ,s]vice to :om an employee :o is n eligible = an inc5tive aw>d = a fiscal ye> "u subp>agraph 7,a7 reports %all n be eligible = any inc5tive aw>d specifi$ 9 sub*apt] ,i ( *apt] #de ( title #e1 ,unit$ ,/ates ,code1 dur+ t fiscal ye>4 #had4 ,report+ requirem5ts ,section #ae7;h7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;h77 is am5d$ by add+ at ! end ! foll[+3 7#d7 ,ag5cy reports to ,congress 7,a7 ,9 g5]al ,n lat] ?an ,novemb] #a ( ea* fiscal ye>1 ! head ( ea* ,f$]al ag5cy %all submit to ,congress a report provid+ ! p]c5tage ( contracts aw>d$ by t ,f$]al ag5cy = ! previ\s fiscal ye> t 7 aw>d$ to small bus9ess conc]ns4 7,b7 ,failure to meet goals ,if ! p]c5tage report$ "u subp>agraph 7,a7 = a fiscal ye> is less ?an ! goal e/abli%$ by ! head ( ! ,f$]al ag5cy "u subsection 7g71 ! head ( ! ,f$]al ag5cy %all include 9 ! report-- 7i7 an explanation ( :y ! ,f$]al ag5cy did n rea* ! goal2 & 7ii7 a discussion ( ! actions ! ,f$]al ag5cy w take to ensure t ! goal = ! foll[+ fiscal ye> w be a*iev$4 4 ,c ,contract ,bundl+ #hba4 ,def9itions ( bundl+ ( contract requirem5ts ,section #c7o7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7o77 is am5d$ to read z foll[s3 7o7 ,def9itions ( ,bundl+ ( ,contract ,requirem5ts & ,relat$ ,t]ms ,9 ?is ,act3 7#a7 ,bundl$ contract 7,a7 ,9 g5]al ,! t]m bundl$ contract means a contract or ord] t is ent]$ into to meet procurem5t requirem5ts t are consolidat$ 9 a bundl+ ( contract requirem5ts1 )\t reg>d to its designation by ! procur+ ag5cy or :e!r a /udy ( ! effects ( ! solicitation on civilian or milit>y p]sonnel has be5 made4 7,b7 ,exceptions ,! t]m bundl$ contract does n include-- 7i7 a contract or ord] ) an aggregate doll> value bel[ ! doll> ?re%old specifi$ 9 p>agraph 7#d72 or 7ii7 a contract or ord] t is ent]$ into to meet procurem5t requirem5ts1 all ( :i* are exempt$ requirem5ts "u p>agraph 7#e74 7#b7 ,bundl+ ( contract requirem5ts 7,a7 ,9 g5]al ,! t]m bundl+ ( contract requirem5ts means ! use ( any bundl+ me?odology to satisfy #b or m procurem5t requirem5ts = new or exi/+ goods or s]vices1 includ+ any con/ruction s]vices1 t is likely to be unsuitable = aw>d to a small bus9ess conc]n due to-- 7i7 ! div]sity1 size1 or specializ$ nature ( ! elem5ts ( ! p]=mance specifi$2 7ii7 ! aggregate doll> value ( ! anticipat$ aw>d2 7iii7 ! geographical disp]sion ( ! contract or ord] p]=mance2 or 7iv7 any comb9ation ( ! factors describ$ 9 clauses 7i71 7ii71 & 7iii74 7,b7 ,exceptions ,! t]m does n include-- 7i7 ! use ( a bundl+ me?odology = an anticipat$ aw>d ) an aggregate doll> value bel[ ! ?re%old specifi$ 9 p>agraph 7#d72 or 7ii7 ! use ( a bundl+ me?odology to meet procurem5t requirem5ts1 all ( :i* are exempt$ "u p>agraph 7#e74 7#c7 ,bundl+ me?odology ,! t]m bundl+ me?odology means-- 7,a7 a solicitation to obta9 (f]s = a s+le contract or ord]1 or a multiple aw>d contract or ord]2 7,b7 a solicitation ( (f]s = ! issuance ( a task or a deliv]y ord] "u an exi/+ s+le or multiple aw>d contract or ord]2 or 7,c7 ! creation ( any new procurem5t requirem5ts t p]mit a consolidation ( contract or ord] requirem5ts4 7#d7 ,doll> ?re%old ,! t]m doll> ?re%old means-- 7,a7 #fe1jjj1jjj if solely = con/ruction s]vices2 & 7,b7 #a1ejj1jjj 9 all o!r cases4 7#e7 ,exempt$ requirem5ts ,! t]m exempt$ requirem5t means #a or m ( ! foll[+3 7,a7 ,a procurem5t requirem5t solely = items t are n comm]cial items 7z ! t]m comm]cial item is def9$ 9 section #d7ab7 ( ! ,(fice ( ,f$]al ,procurem5t ,policy ,act 7#da ,u4,s4,c4 #djc7ab771 except ?is subp>agraph %all n apply to any procurem5t requirem5t = a contract = goods or s]vices provid$ by a bus9ess classifi$ 9 sector #bc ( ! ,nor? ,am]ican ,indu/rial ,classification ,sy/em4 7,b7 ,a procurem5t requirem5t ) respect to :i* a det]m9ation t x is unsuitable = aw>d to a small bus9ess conc]n has previ\sly be5 made by ! ag5cy4 ,! ,adm9i/rator %all h au?ority to review & rev]se su* a det]m9ation = purposes ( ?is p>agraph &1 if ! ,adm9i/rator does rev]se t det]m9ation1 ! t]m exempt$ requirem5t %all n apply to t procurem5t requirem5t4 7#f7 ,procurem5t requirem5t ,! t]m procurem5t requirem5t means a det]m9ation by an ag5cy t a specifi$ good or s]vice is ne$$ to satisfy ! mission ( ! ag5cy4 4 #hbb4 ,ju/ification 7a7 ,/atem5t ( bundl$ contract requirem5ts ,section #ae7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;a77 is am5d$-- 7#a7 by /rik+ is 9 a quantity or e/imat$ doll> value ! magnitude ( :i* r5d]s small bus9ess prime contract p>ticipation unlikely & ins]t+ w\ld n[ be comb9$ ) o!r requirem5ts = goods & s]vices2 7#b7 by /rik+ 7#b7 :y deliv]y s*$ules & ins]t+ 7#b7 ! names1 addresses1 & size ( ! incumb5t contract hold]s1 if applicable2 7#c7 a description ( ! indu/ries t might be int]e/$ 9 bidd+ on ! contract requirem5ts2 7#d7 ! numb] ( small bus9esses li/$ 9 ! indu/ry categories t c\ld be exclud$ f future bidd+ if ! contract is comb9$ or packag$1 includ+ any small bus9ess bidd]s t _h bid on previ\s procurem5t requirem5ts t are includ$ 9 ! bundl+ ( contract requirem5ts2 7#e7 :y deliv]y s*$ules2 7#c7 by /rik+ 7#c7 :y ! propos$ acquisition & ins]t+ 7#f7 :y ! propos$ acquisition2 7#d7 by /rik+ 7#d7 :y con/ruction & ins]t+ 7#g7 :y con/ruction2 7#e7 by /rik+ 7#e7 :y ! ag5cy & ins]t+ 7#h7 :y ! ag5cy2 7#f7 by ins]t+ aft] ju/ifi$4 ! foll[+3 ,! /atem5t also %all set =? ! propos$ procurem5t /rategy requir$ by subsection 7e7 &1 if applicable1 ! specifications requir$ by subsection 7e77#c74 ,concurr5tly1 ! /atem5t %all be made available to ! public1 includ+ ?r\gh dissem9ation 9 ! ,f$]al contract+ opportunities database42 & 7#g7 by ins]t+ aft] prime contract+ opportunities4 ! foll[+3 ,if no notification ( ! procurem5t & accompany+ /atem5t is receiv$1 b ! ,adm9i/rator det]m9es t !re is cause to believe ! contract comb9es requirem5ts or a contract 7s+le or multiple aw>d7 or task or deliv]y ord] = con/ruction s]vices or includes unju/ifi$ bundl+1 ! ,adm9i/rator may dem& t su* a /atem5t ( "w goods or s]vices be complet$ by ! procurem5t activity & s5t to ! ,procurem5t ,c5t] ,repres5tative & ! solicitation process po/pon$ = n less ?an #aj days b n m ?an #cj days to all[ ! ,adm9i/rator to review ! /atem5t & make recomm5dations z describ$ 9 ?is section be=e procurem5t is cont9u$44 7b7 ,sub/antial measurable b5efits ,section #ae7;e77#b77;,c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;e77,c77 is am5d$ by add+ at ! end ! foll[+3 ,co/ sav+s %all n include any r$uction 9 ! use ( milit>y int]dep>tm5tal pur*ase reque/s or any simil> transf] funds among ,f$]al ag5cies = ! use ( a contract issu$ by ano!r ,f$]al ag5cy44 #hbc4 ,appeals ,section #ae7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;a771 z am5d$ by ?is ,act1 is fur!r am5d$-- 7#a7 by /rik+ ,if a propos$ procurem5t includes 9 its /atem5t & ins]t+ ,if a propos$ procurem5t w\ld adv]sely affect #a or m small bus9ess conc]ns1 includ+ ! pot5tial loss ( an exi/+ contract1 or if a propos$ procurem5t includes 9 its /atem5t2 & 7#b7 by ins]t+ be=e ,:5ev] ! ,adm9i/ration & ! contract+ procurem5t ag5cy fail to agree1 ! foll[+3 ,if a small bus9ess conc]n w\ld be adv]sely affect$1 directly or indirectly1 by ! procurem5t z propos$1 & t small bus9ess conc]n or a trade association ( :i* t small bus9ess conc]n is a memb] s reque/s1 ! ,adm9i/rator may take action to fur!r ! int]e/s ( ! small bus9ess conc]n44 #hbd4 ,?ird-p>ty review ,section #gaje7;e7 ( title #da1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,contract bundl+ 7,a7 ,9 g5]al ,:5ev] ! head ( a contract+ ag5cy makes a decision 9 accordance ) section #ae7;a7 ( ! ,small ,bus9ess ,act conc]n+ ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration's *all5ge to a bundl+ ( contract requirem5ts1 ! ,adm9i/rator1 )9 #aj days aft] su* decision1 may file a *all5ge ) ! appropriate ag5cy bo>d ( contract appeals4 7,b7 ,proc$ure ,! bo>d %all provide ! ,adm9i/rator & ! head ( ! contract+ ag5cy ! opportunity to provide _! views on ! disput$ contract4 ,no oral te/imony or oral argum5t %all be p]mitt$4 ,! bo>d %all r5d] its decision n lat] ?an #cj days aft] ! appeal has be5 fil$4 ,! decision ( ! bo>d %all be f9al4 4 ,d ,small ,bus9ess ,subcontract+ #hca4 ,crim9al violations ,section #ajja7;a7 ( title #ah1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ or at ! end2 7#b7 9 p>agraph 7#c71 by add+ or at ! end2 7#c7 by ins]t+ aft] p>agraph 7#c7 ! foll[+3 7#d7 makes 9 writ+ or electronically a false /atem5t conc]n+ /atus z a small bus9ess conc]n 7z def9$ 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb77 or compliance ) ! requirem5ts ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 9 an ef=t to obta91 reta91 or complete a ,f$]al ,gov]nm5t contract2 2 & 7#d7 by add+ at ! end ! foll[+3 ,not)/&+ section #cega7;e71 = a violation ( p>agraph 7#d7 ( ?is subsection1 ! f9e "u ?is title %all be ! total value ( ! contract or #a1jjj1jjj1 :i*ev] is great]44