,,ii #aaf? ,,congress #a/ ,session ,s4 #fhc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #f1 #bjai,mr4 ,br[n 7= himself & ,ms4 ,cortez ,ma/o7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to e/abli% a volunt>y program 9 ! ,national ,highway ,traffic ,safety ,adm9i/ration to enc\rage consum]s to pur*ase or lease new automobiles made 9 ! ,unit$ ,/ates1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,c>s1 ,am]ican ,jobs ,act ( #bjai4 #b4 ,am]ican ,c>s1 ,am]ican ,jobs ,program 7a7 ,def9itions ,9 ?is section3 7#a7 ,automobile ,! t]m automobile has ! mean+ giv5 ! t]m 9 section #cbija7;a7 ( title #di1 ,unit$ ,/ates ,code4 7#b7 ,automobile made 9 ! ,unit$ ,/ates ,! t]m automobile made 9 ! ,unit$ ,/ates means an automobile t meets ! requirem5ts describ$ 9 p>agraph 7#a7 or 7#b7 ( subsection 7c74 7#c7 ,deal] ,! t]m deal] means a p]son lic5s$ by a ,/ate :o engages 9 ! sale ( new automobiles to ultimate pur*as]s4 7#d7 ,program ,! t]m ,program means ! ,am]ican ,c>s1 ,am]ican ,jobs ,program e/abli%$ by subsection 7b74 7#e7 ,qualify+ lease ,! t]m qualify+ lease means a lease ( an automobile = a p]iod ( n less ?an #e ye>s4 7#f7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,transportation1 act+ ?r\gh ! ,adm9i/rator ( ! ,national ,highway ,traffic ,safety ,adm9i/ration4 7#g7 ,ultimate pur*as] ,! t]m ultimate pur*as] means1 ) respect to any new automobile1 ! fir/ p]son :o 9 good fai? pur*ases ! automobile = purposes o!r ?an resale4 7#h7 ,vehicle id5tification numb] ,! t]m vehicle id5tification numb] means ! #ag-;"* numb] us$ by ! automobile indu/ry to id5tify individual automobiles4 7#i7 ,v\*] ,! t]m v\*] means an electronic transf] ( funds to a deal] bas$ on an eligible transaction "u ?is section4 7b7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,national ,highway ,traffic ,safety ,adm9i/ration a volunt>y program1 to be kn[n z ! ,am]ican ,c>s1 ,am]ican ,jobs ,program1 ?r\gh :i* ! ,secret>y1 9 accordance ) ?is section & ! regulations promulgat$ "u subsection 7e71 %all-- 7#a7 au?orize ! issuance ( an electronic v\*]1 subject to ! limitations describ$ 9 subsection 7d71 to (fset ! pur*ase price or lease price = a qualify+ pur*ase or qualify+ lease1 respectively1 ( a new automobile made 9 ! ,unit$ ,/ates2 7#b7 regi/] deal]s = p>ticipation 9 ! ,program & require t all regi/]$ deal]s accept v\*]s z provid$ 9 ?is section z p>tial paym5t or d[n paym5t = ! pur*ase or qualify+ lease ( any new automobile made 9 ! ,unit$ ,/ates (f]$ = sale or lease by t deal]2 7#c7 9 consultation ) ! ,secret>y ( ! ,treasury1 make electronic paym5ts to deal]s = eligible transactions by ! deal]s describ$ 9 p>agraph 7#b71 9 accordance ) ! regulations promulgat$ "u subsection 7e72 & 7#d7 9 consultation ) ! ,secret>y ( ! ,treasury & ! ,inspector ,g5]al ( ! ,dep>tm5t ( ,transportation1 e/abli% & provide = ! en=cem5t ( measures to prev5t & p5alize fraud "u ! ,program4 7c7 ,qualifications = & value ( v\*]s 7#a7 ,v\*] = pass5g] vehicles ,except z provid$ 9 p>agraph 7#b71 a v\*] issu$ "u ! ,program %all h a value ( #c1ejj t may be appli$ to (fset ! pur*ase price or lease price = a pur*ase or qualify+ lease1 respectively1 ( a new automobile made 9 ! ,unit$ ,/ates1 if ! automobile-- 7,a7 = ! mo/ rec5t model ye>1 is det]m9$ by ! ,secret>y to conta9 cont5t ( :i* n less ?an #de p]c5tage 7by value7 is ( ,unit$ ,/ates_/,canadian orig9 7z ^? t]ms are def9$ 9 section #cbcjd7;a7 ( title #di1 ,unit$ ,/ates ,code72 & 7,b7 is assembl$ 9 ! ,unit$ ,/ates4 7#b7 ,v\*] = plug-9 electric drive vehicles ,a v\*] issu$ "u ! ,program %all h a value ( #d1ejj t may be appli$ to (fset ! pur*ase price or lease price = a pur*ase or qualify+ lease1 respectively1 ( a new automobile made 9 ! ,unit$ ,/ates1 if ! automobile-- 7,a7 = ! mo/ rec5t model ye>1 is det]m9$ by ! ,secret>y to conta9 cont5t ( :i* n less ?an #de p]c5tage 7by value7 is ( ,unit$ ,/ates_/,canadian orig9 7z ^? t]ms are def9$ 9 section #cbcjd7;a7 ( title #di1 ,unit$ ,/ates ,code72 7,b7 is assembl$ 9 ! ,unit$ ,/ates2 & 7,c7 is a new qualifi$ plug-9 electric drive motor vehicle 7z def9$ 9 section #cj;,d7d7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 7d7 ,program limitations 7#a7 ,g5]al p]iod ( eligibility ,a v\*] issu$ "u ! ,program %all be us$ only 9 connection ) ! pur*ase or qualify+ lease ( a new automobile made 9 ! ,unit$ ,/ates t occurs dur+ ! p]iod-- 7,a7 beg9n+ on ! date t is #ge days aft] ! date ( enactm5t ( ?is ,act2 & 7,b7 end+ on ! date t is #b ye>s aft] ! date describ$ 9 subp>agraph 7,a74 7#b7 ,numb] ( v\*]s p] p]son & p] trade-9 vehicle ,n m ?an #a v\*] may be issu$ "u ! ,program = a s+le p]son4 7#c7 ,no comb9ation ( v\*]s ,only #a v\*] issu$ "u ! ,program may be appli$ t[>d ! pur*ase or qualify+ lease ( a s+le new automobile made 9 ! ,unit$ ,/ates4 7#d7 ,comb9ation ) o!r inc5tives p]mitt$ ,! availability or use ( a ,f$]al1 ,/ate1 or local inc5tive or a ,/ate-issu$ v\*] = ! pur*ase or lease ( a new automobile made 9 ! ,unit$ ,/ates %all n limit ! value or issuance ( a v\*] "u ! ,program to any p]son o!rwise eligible to receive su* a v\*]4 7#e7 ,no additional fees ,a deal] p>ticipat+ 9 ! ,program may n *>ge a p]son pur*as+ or leas+ a new automobile made 9 ! ,unit$ ,/ates any additional fees associat$ ) ! use ( a v\*] "u ! ,program4 7#f7 ,numb] & am\nt ,! total numb] & value ( v\*]s issu$ "u ! ,program may n exce$ ! am\nts appropriat$ = t purpose4 7e7 ,regulations 7#a7 ,9 g5]al ,not)/&+ section #eec ( title #e1 ,unit$ ,/ates ,code1 n lat] ?an #fj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all promulgate f9al regulations to implem5t ! ,program4 7#b7 ,requirem5ts ,! regulations "u p>agraph 7#a7 %all-- 7,a7 provide = a means ( regi/]+ deal]s = p>ticipation 9 ! ,program2 7,b7 e/abli% proc$ures = ! reimbursem5t ( deal]s p>ticipat+ 9 ! ,program to be made ?r\gh electronic transf] ( funds = ! am\nt ( ! v\*]s z soon z practicable1 b n long] ?an #aj days1 aft] ! date ( submission ( in=mation support+ ! eligible transaction1 z ! ,secret>y det]m9es to be appropriate2 7,c7 require ea* applicable deal] to use a v\*] "u ! ,program 9 addition to any o!r rebate or disc\nt adv]tis$ by ! deal] or (f]$ by ! manufactur] = an applicable new automobile made 9 ! ,unit$ ,/ates2 & 7,d7 prohibit ea* applicable deal] f us+ a v\*] "u ! ,program to (fset any o!r rebate or disc\nt describ$ 9 subp>agraph 7,c74 7f7 ,anti-,fraud provisions 7#a7 ,violation ,x %all be unlawful = any p]son to violate ?is section or any regulations promulgat$ pursuant to subsection 7e7 7o!r ?an by mak+ a cl]ical error74 7#b7 ,p5alties 7,a7 ,9 g5]al ,any p]son :o commits a violation describ$ 9 p>agraph 7#a7 %all be liable to ! ,f$]al ,gov]nm5t = a civil p5alty ( n m ?an #ae1jjj = ea* violation4 7,b7 ,au?ority ( ! ,secret>y ,! ,secret>y may-- 7i7 assess & compromise p5alties "u subp>agraph 7,a72 & 7ii7 require f any p]son ! records & inspections necess>y to en=ce ! ,program4 7,c7 ,det]m9ation ,9 det]m9+ ! am\nt ( a civil p5alty "u ?is p>agraph1 ! sev]ity ( ! applicable violation & ! int5t & hi/ory ( ! p]son committ+ ! violation %all be tak5 into acc\nt4 7g7 ,in=mation to consum]s & deal]s 7#a7 ,9 g5]al ,n lat] ?an #fj days aft] ! date ( enactm5t ( ?is ,act1 & promptly aft] receiv+ any update ( any relevant in=mation1 ! ,secret>y %all make available on an int]net website & ?r\gh o!r means det]m9$ by ! ,secret>y in=mation ab\t ! ,program1 includ+-- 7,a7 h[ to p>ticipate 9 ! ,program1 includ+ h[ to det]m9e p>ticipat+ deal]s2 & 7,b7 a compreh5sive li/1 by make & model1 ( new automobiles made 9 ! ,unit$ ,/ates meet+ ! requirem5ts ( ! ,program4 7#b7 ,public aw>5ess campaign ,once ! in=mation describ$ 9 p>agraph 7#a7 is available1 ! ,secret>y %all conduct a public aw>5ess campaign to in=m consum]s ab\t ! ,program & :]e to obta9 additional in=mation4 7h7 ,recordkeep+ & report 7#a7 ,database ,! ,secret>y %all ma9ta9 a database ( ! vehicle id5tification numb]s ( all new automobiles made 9 ! ,unit$ ,/ates pur*as$ or leas$ "u ! ,program4 7#b7 ,report on efficacy ( ! ,program ,n lat] ?an #fj days aft] ! end ( ! p]iod describ$ 9 subsection 7d77#a71 ! ,secret>y %all submit to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ( ! ,s5ate & ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives a report describ+ ! efficacy ( ! ,program1 includ+-- 7,a7 a description ( ,program results1 includ+-- 7i7 ! total numb] & am\nt ( v\*]s issu$ = pur*ase or qualify+ lease ( new automobiles made 9 ! ,unit$ ,/ates by-- 7,i7 manufactur] 7includ+ aggregate in=mation conc]n+ ! make1 model1 & model ye>72 & 7,,ii7 category ( automobile2 & 7ii7 ! location ( sale or qualify+ lease2 & 7,b7 an e/imate ( ! ov]all economic & employm5t effects ( ! ,program4 7i7 ,exclusion ( v\*]s f income 7#a7 ,= purposes ( all ,f$]al & ,/ate programs ,a v\*] issu$ "u ?is section or any paym5t made = su* a v\*] "u subsection 7b77#c7 %all n be reg>d$ z income & %all n be reg>d$ z a res\rce = ! mon? ( receipt ( ! v\*] & ! foll[+ #ab mon?s1 = purposes ( det]m9+ ! eligibility ( ! recipi5t ( ! v\*] 7or a sp\se or o!r family or h\sehold memb]s ( ! recipi5ts7 = b5efits or assi/ance1 or ! am\nt or ext5t ( b5efits or assi/ance1 "u any ,f$]al or ,/ate program4 7#b7 ,= purposes ( taxation ,a v\*] issu$ "u ?is section or any paym5t made = su* a v\*] "u subsection 7b77#c7 %all be deem$ n to be income ( ! pur*as] ( an automobile = purposes ( ! ,int]nal ,rev5ue ,code ( #aihf4 7j7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re is au?oriz$ to be appropriat$ to ! ,secret>y #c1jjj1jjj1jjj to c>ry out ! ,program1 to rema9 available until exp5d$4 7#b7 ,adm9i/ration ,( ! am\nts appropriat$ "u p>agraph 7#a71 n m ?an #a1jjj1jjj may be made available = ! adm9i/ration ( ! ,program4 #c4 ,disall[ance ( d$uction = global l[-tax$ income = c]ta9 automobile companies 7a7 ,9 g5]al ,section #bej ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by r$esignat+ subsection 7c7 z subsection 7d72 & 7#b7 by ins]t+ aft] subsection 7b7 ! foll[+3 7c7 ,special rule = c]ta9 motor vehicle manufactur]s 7#a7 ,9 g5]al ,! am\nt det]m9$ "u subsection 7a77#a77;,b7 %all be z]o = any taxable ye> ( a dome/ic corporation describ$ 9 p>agraph 7#b7 if ! numb] ( full-"t employees ( su* corporation p]=m+ sub/antially all ( _! s]vices inside ! ,unit$ ,/ates dur+ su* taxable ye> is less ?an ! numb] ( su* employees on ,decemb] #bj1 #bjag4 7#b7 ,dome/ic corporation describ$ ,a dome/ic corporation is describ$ 9 ?is p>agraph ) respect to any taxable ye> if su* dome/ic corporation-- 7,a7 is a manufactur] 7)9 ! mean+ ( section #cj;,b7 ( motor vehicles 7z def9$ 9 section #cj;,b7h77#a771 & 7,b7 is a ,unit$ ,/ates %>ehold] ( a controll$ =eign corporation :i* increases ! numb] ( full-"t employees ( su* controll$ =eign corporation dur+ p]iod compris+ ( ! taxable ye> ( su* dome/ic corporation4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ! date ( enactm5t ( ?is ,act4