H.R. 5421 (ih) To amend the Internal Revenue Code of 1986 to impose an excise tax on persons who acquire structured settlement payments in factoring transactions, and for other purposes. [Introduced in House] ...

	Web GovRecords.org

108th CONGRESS
  2d Session
                                H. R. 5420

To provide that funds received as universal service contributions under 
section 254 of the Communications Act of 1934 and the universal service 
   support programs established pursuant thereto are not subject to 
 certain provisions of title 31, United States Code, commonly known as 
             the Antideficiency Act, for a period of time.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 20, 2004

  Mr. Markey introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
To provide that funds received as universal service contributions under 
section 254 of the Communications Act of 1934 and the universal service 
   support programs established pursuant thereto are not subject to 
 certain provisions of title 31, United States Code, commonly known as 
             the Antideficiency Act, for a period of time.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Universal Service Antideficiency 
Suspension Act''.

SEC. 2. APPLICATION OF CERTAIN TITLE 31 PROVISIONS TO UNIVERSAL SERVICE 
              FUND.

    (a) In General.--During the period beginning on the date of 
enactment of this Act and ending on December 31, 2005, section 1341 and 
subchapter II of chapter 15 of title 31, United States Code, do not 
apply--
            (1) to any amount collected or received as Federal 
        universal service contributions required by section 254 of the 
        Communications Act of 1934 (47 U.S.C. 254), including any 
        interest earned on such contributions; nor
            (2) to the expenditure or obligation of amounts 
        attributable to such contributions for universal service 
        support programs established pursuant to that section.
    (b) Post-2005 Fulfillment of Protected Obligations.--Section 1341 
and subchapter II of chapter 15 of title 31, United States Code, do not 
apply after December 31, 2005, to an expenditure or obligation 
described in subsection (a)(2) made or authorized during the period 
described in subsection (a).
                                 <all>

Other Popular 106th Congressional Bills Documents:

Other Documents:

106th Congressional Bills Records and Documents