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Latest Action: 04/19/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains and to modernize certain provisions applicable to timber real estate investment trusts.

4/19/2007--Introduced.

Timber Revitalization and Economic Enhancement (TREE) Act of 2007 - Amends the Internal Revenue Code to: (1) allow a tax deduction for 60% of qualified timber gains; (2) exempt deductible timber gains from the excise tax on the undistributed income of real estate investment trusts (REITs); (3) provide for the treatment of timber gains as qualifying REIT income and for mineral royalty income as qualifying income for timber REITs; and (4) provide special rules relating to income limitations and prohibited transactions for timber REITs.

Latest Action: 11/05/2007 - Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.

Bill Text
To modify the requirements applicable to locatable minerals on public domain lands, consistent with the principles of self-initiation of mining claims, and for other purposes. 11/1/2007--Passed House amended.    (There are 2 other summaries) Hardrock Mining and Reclamation Act of 2007 - (Sec. 3) States this Act applies to any mining claim, millsite claim, or tunnel site claim: (1) located under the general mining laws before, on, or after the date of enactment of this Act; or (2) used for beneficiation or mineral processing activities, regardless of whether legal and beneficial title to the mineral is held by the United States. Title I: Mineral Exploration and Development - (Sec. 101) Conditions federal issuance of a patent for any mining or millsite claim located under the general mining laws upon specified determinations by the Secretary of the Interior. (Sec. 102) Subjects production of locatable minerals, including mineral concentrates [...]

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Latest Action: 10/25/2007 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 446.

Bill Text
An original bill to amend the Trade Act of 1974 to establish supplemental agricultural disaster assistance and to amend the Internal Revenue Code of 1986 to provide tax incentives for conservation and alternative energy sources and to provide tax relief for farmers, and for other purposes. 10/25/2007--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)Heartland, Habitat, Harvest, and Horticulture Act of 2007 - Title I: Supplemental Agricultural Disaster Assistance from the Agricultural Disaster Relief Trust Fund - (Sec. 101) Amends the Trade Act of 1974 to establish a program of supplemental agricultural disaster assistance. Establishes an Agriculture Disaster Relief Trust Fund to provide payments to farmers and ranchers who suffer losses in areas declared as disaster areas by the [...]

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Latest Action: 08/03/2007 - Reported (Amended) by the Committee on Natural Resources. H. Rept. 110-296, Part I.

Bill Text
To promote energy policy reforms and public accountability, alternative energy and efficiency, and carbon capture and climate change mitigation, and for other purposes. 8/3/2007--Reported to House amended, Part I.    (There is 1 other summary) Energy Policy Reform and Revitalization Act of 2007 - Title I: Energy Policy Act of 2005 Reforms - (Sec. 101) Instructs the Secretary of the Interior (Secretary) to establish a cost recovery fee for applications for a permit to drill for oil and gas on federal lands administered by the Secretary. Sets forth a temporary interim fee of $1,700. Amends the Mineral Leasing Act to repeal the requirement that rentals received from leases be deposited in the Treasury (in the BLM Permit Processing Improvement Fund, thus repealing authority for the Fund). (Sec. 102) Amends the Mineral Leasing Act to extend from 30 days to 90 days the deadline by which the Secretary must either issue or defer a decision [...]

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Latest Action: 06/28/2007 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 240.

Bill Text
Making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2008, and for other purposes. 6/27/2007--Passed House amended.    (There are 2 other summaries) Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008 - Makes appropriations for the Department of the Interior, the Environmental Protection Agency (EPA), and related agencies for FY2008. Title I: Department of the Interior - Makes appropriations for FY2008 to the Bureau of Land Management (BLM) for: (1) land and resource management; (2) construction; (3) land acquisition; (3) Oregon and California grant lands; (4) range improvements; (5) service charges, deposits, and forfeitures with respect to public lands; (6) miscellaneous trust funds; and (7) wildland fire management (including transfer of funds). Appropriates funds for FY2008 to the U.S. Fish and Wildlife Service (FWS) [...]

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Latest Action: 06/26/2007 - Committee on Appropriations. Original measure reported to Senate by Senator Feinstein. With written report No. 110-91.

Bill Text
An original bill making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2008, and for other purposes. 6/26/2007--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008 - Makes appropriations for the Department of the Interior, the Environmental Protection Agency (EPA), and related agencies for FY2008. Title I: Department of the Interior - Makes appropriations for FY2008 to the Bureau of Land Management (BLM) for: (1) land and resource management; (2) wildland fire management (including transfer of funds); (3) construction; (4) land acquisition; (5) Oregon and California grant lands; (5) range improvements; (6) service charges, [...]

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Latest Action: 06/05/2008 - Mr. Spratt brought up conference report H. Rept. 110-659 for consideration under the provisions of H. Res. 1214.

Bill Text
An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013. 5/20/2008--Conference report filed in House.    (There are 4 other summaries) Sets forth the congressional budget for the federal government for FY2009, including the appropriate budgetary levels for FY2008 and FY2010-FY2013. Title I: Recommended Levels and Amounts - (Sec. 101) Lists recommended budgetary levels and amounts, for FY2008-FY2013, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. (Sec. 102) Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security, U.S. Postal Service discretionary administrative expenses, and specified major functional [...]

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Latest Action: 12/05/2007 - Sponsor introductory remarks on measure. (CR S14790-14791)

Bill Text
A bill to amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes. 12/5/2007--Introduced. Presidential Funding Act of 2007 - Amends Internal Revenue Code provisions relating to public financing of presidential election campaigns to: (1) quadruple (1:1 to 4:1) the matching rate for contributions to primary election candidates; (2) lower from $250 to $200 the limit on individual campaign contributions; (3) increase the presidential primary qualifying threshold from $5,000 to $25,000 in 20 states; (4) require presidential candidates to participate in the primary payment system to be eligible for general election payments; (5) move the starting date for payments to primary candidates from January 1 of a presidential election year to six months before the earliest state primary election; (6) allow additional payments and increased expenditure limits for candidates who face opponents who do not participate [...]

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Latest Action: 02/06/2008 - Sponsor introductory remarks on measure. (CR S741)

Bill Text
A bill to amend the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008, to terminate the authority of the Secretary of the Treasury to deduct amounts from certain States.

2/6/2008--Introduced.

Amends the Consolidated Appropriations Act, 2008, to repeal the requirement for a deduction of 2% from the amount payable to a state in FY2008 under the Federal Oil and Gas Royalty Management Act of 1982, and under the provisions of the Mineral Leasing Act and the Geothermal Steam Act of 1970, before disbursing a payment to that state and for the deposit of the amount deducted to miscellaneous receipts.

Latest Action: 02/27/2008 - Read twice and referred to the Committee on Environment and Public Works.

Bill Text
A bill to amend the Pittman-Robertson Wildlife Restoration Act to ensure adequate funding for conservation and restoration of wildlife, and for other purposes.

2/27/2008--Introduced.

Teaming with Wildlife Act of 2008 - Amends the Pittman-Robertson Wildlife Restoration Act to require the Secretary of the Treasury to transfer to the federal aid to wildlife restoration fund for deposit in the Wildlife Conservation and Restoration Account for each of FY2010-FY2015 specified funds from: (1) amounts received from rents, royalties, and other sums paid to the Secretary or the Secretary of the Navy under leases on the outer Continental Shelf; and (2) amounts received from sales, bonuses, and royalties collected under the Federal Oil and Gas Royalty Management Act of 1982 and from rentals of public lands under the Mineral Leasing Act and the Geothermal Steam Act of 1970.

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Latest Action: 03/12/2008 - Sponsor introductory remarks on measure. (CR S2001-2002)

Bill Text
A bill to modify the requirements applicable to locatable minerals on public domain lands, consistent with the principles of self-initiation of mining claims, and for other purposes. 3/12/2008--Introduced. Abandoned Mine Reclamation Act of 2008 - Applies this Act to any mining claim, millsite claim, or tunnel site claim: (1) located under the general mining laws; or (2) used for beneficiation or mineral processing activities, regardless of whether legal and beneficial title to the mineral is held by the United States. Subjects production of locatable minerals from any mining claim, including mineral concentrates or products derived from such minerals, to a royalty of 8% of the gross income from mining. Imposes a 4% royalty upon federal lands subject to an existing operations permit and producing valuable locatable minerals in commercial quantities. Establishes a civil penalty for failure to comply with royalty requirements, including underreporting. [...]

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