Title VII: Spectrum Auction<\/li>\n<\/ul>\nCommunity Renewal and Economic Opportunity Act – Title I: Economic Opportunity – Subtitle A: Tax Incentives<\/b> – Amends the Internal Revenue Code to allow a general ten percent tax credit for qualifying businesses in empowerment zones and enterprise communities.<\/p>\n
(Sec. 102) Permits an enterprise zone business to elect a ten percent flat tax option.<\/p>\n
(Sec. 103) Excludes from gross income capital gains from the sale or exchange of a qualified zone asset (as defined by this Act) held for more than five years.<\/p>\n
(Sec. 104) Increases expensing limits for qualified zone property.<\/p>\n
(Sec. 105) Excludes from gross income dividends received from zone businesses.<\/p>\n
(Sec. 106) Increases the work opportunity tax credit and the categories of eligible individuals.<\/p>\n
Subtitle B: Contracting Set-Aside Reform<\/b> – Amends the Small Business Act to revise the section 8(a) set-aside program to give preference to economically disadvantaged individuals and small business concerns (as defined by this Act).<\/p>\n
(Sec. 112) Makes technical and conforming amendments to: (1) specified Federal law; (2) the Federal Home Loan Bank Act; (3) the Small Business Economic Policy Act of 1980; (4) the Small Business Investment Act of 1958; (5) the Office of Federal Procurement Policy Act; (6) the Energy Policy Act of 1992; and (7) the Defense Production Act of 1950.<\/p>\n
Subtitle C: Small Business Mentor Program<\/b> – Directs the Administrator of the Small Business Administration to establish a small business mentor program to aid businesses owned by economically disadvantaged individuals.<\/p>\n
Title II: Community Infrastructure<\/b> – Exempts construction projects in empowerment zones, enterprise communities, and enterprise zones from Davis-Bacon Act (union) wage requirements.<\/p>\n
(Sec. 202) Amends the Housing and Community Development Act of 1974 to increase community development block grant assistance to low- and moderate-income families. Reduces administrative and planning costs. Requires specified matching funds from wealthy areas.<\/p>\n
Title III: Safe Streets – Subtitle A: Mandatory Restitution<\/b> – Amends Federal criminal law to require mandatory restitution for certain violent crimes. Makes such restitution a condition of probation. Sets forth: (1) an order of restitution for other crimes, including sexual exploitation and other abuse of children, and telemarketing fraud; and (2) a procedure for issuance and enforcement of a restitution order. Directs the United States Sentencing Commission and the Attorney General to promulgate related guidelines.<\/p>\n
(Sec. 310) Amends the Victims of Crime Act of 1984 to prohibit payments to delinquent debtors by State crime victim compensation programs.<\/p>\n
(Sec. 311) Authorizes grants to States for assistance and compensation to victims of terrorism or mass violence.<\/p>\n
Subtitle B: Asset Forfeiture Assistance<\/b> – Amends the Controlled Substances Act and the Tariff Act of 1930 to provide high-crime communities with additional assets from forfeited property.<\/p>\n
Title IV: Educational Opportunity<\/b> – Makes specified funding available for demonstration projects to provide low-income families in high poverty areas with educational certificates.<\/p>\n
Title V: Family Opportunity<\/b> – Prohibits racial, religious, or ethnic adoption placement discrimination. Sets forth penalties. Provides for a private right of action. States that this title shall not effect application of the Indian Child Welfare Act of 1978.<\/p>\n
(Sec. 503) Repeals specified provisions of the Improving America’s Schools Act of 1994.<\/p>\n
Title VI: Volunteer Protection<\/b> – Encourages States to provide volunteers with protection from lawsuits. Limits tort liability for volunteers, with specified exceptions. Increases specified block grant allotments to certifying States with volunteer protections.<\/p>\n
Title VII: Spectrum Auction<\/b> – Amends the Communications Act of 1934 to repeal existing electromagnetic spectrum allocation provisions. Requires competitive bidding for such contracts, with specified exceptions.<\/p>\n","protected":false},"excerpt":{"rendered":"
United States Congress 104th Congress – S. 1533 Bill Summary & Status S.1533 SPONSOR: Sen McCain (introduced 01\/26\/96) Jump to: Titles, Status, Committees, Amendments, Cosponsors, Summary TITLE(S): SHORT TITLE(S) AS INTRODUCED: Community Renewal and...<\/p>\n","protected":false},"author":1,"featured_media":4181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[6,57],"tags":[104],"class_list":["post-3775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","category-legislation","tag-government"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p89tuq-YT","jetpack_featured_media_url":"https:\/\/multiracial.com\/wp-content\/uploads\/2016\/12\/Government-Congress.png","_links":{"self":[{"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/posts\/3775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/comments?post=3775"}],"version-history":[{"count":1,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/posts\/3775\/revisions"}],"predecessor-version":[{"id":3776,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/posts\/3775\/revisions\/3776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/media\/4181"}],"wp:attachment":[{"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/media?parent=3775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/categories?post=3775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multiracial.com\/index.php\/wp-json\/wp\/v2\/tags?post=3775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}