Summary: Jobs, Opportunity, Benefits, and Services Act of 2011 or JOBS Act of 2011 - Title I: Reforms of Unemployment Compensation to Promote Work and Job Creation - (Sec. 101) Amends title III (Grants to States for Unemployment Compensation Administration) of the Social Security Act (SSA) to require state unemployment compensation (UC) laws to require, as a condition of eligibility for regular compensation for any week, that an UC claimant be able to work, available to work, and actively seeking work. (Sec. 102) Requires a claimant to meet minimum educational requirements, that is, to: (1) have earned a high school diploma, (2) have earned the General Educational Development (GED) credential or other state-recognized equivalent (including by meeting recognized alternative standards for individuals with disabilities), or (3) be enrolled and making satisfactory progress in classes leading to satisfaction of the latter requirement. Authorizes waiver of such requirements for an individual by a state agency if they would be unduly burdensome. Amends the Internal Revenue Code to revise the requirement that the Secretary of Labor approve any state law prohibiting denial of compensation to an individual for any week in which the individual is in training with the approval of the state agency (or because of the application, to any such week in training, of state law relating to availability for work, active search for work, or refusal to accept work). Refers instead to any week in which the individual is enrolled and making satisfactory progress in education or, as under current law, training which has been previously approved by the state agency. (Sec. 103) Authorizes the Secretary to enter into agreements with states to allow them to conduct demonstration projects to test and evaluate measures designed to: (1) expedite the reemployment of individuals who establish initial eligibility for UC under state law, or (2) improve the effectiveness of a state in carrying out its state law with respect to reemployment. (Sec. 104) Amends SSA title XII (Repayment by States of Advances to State Unemployment Funds) to repeal the requirement that a state meet certain funding goals if no payment of interest shall be required with respect to any advances made to it out of the federal unemployment account during any calendar year. (Thus repeals the requirement for higher state taxes.) (Sec. 105) Amends the Supplemental Appropriations Act, 2008 (SAA of 2008) to repeal the requirement (nonreduction rule) that makes a federal-state agreement inapplicable for a state upon a determination by the Secretary that the method governing the computation of regular compensation under state law has been modified to make the average weekly UC benefit paid less than what would have been paid before June 2, 2010. (Sec. 106) Amends the SSA title IX (Miscellaneous Provisions Relating to Employment Security) to require the Secretary to designate standard data elements for any category of information required for data matching in the federal-state unemployment insurance system. (Sec. 107) Amends the Internal Revenue Code and SSA title III to require states (which, currently, are merely authorized) to reduce current unemployment benefits to recover prior unemployment benefit overpayments. Title III: Forward Funding of Remaining Federal Unemployment Compensation Funds - (Sec. 201) Amends the SSA to require the Secretary of the Treasury to makes special transfers, in FY2011-FY2012, from the extended unemployment compensation (EUC) account to each state's account in the Unemployment Trust Fund an amount determined by using a specified formula. Requires states to spend these funds: (1) to pay current federal EUC and emergency unemployment benefits; or (2) for regular unemployment benefits, for repaying federal unemployment loans, or for reemployment services, as specified by a state law passed after enactment of this Act. (Sec. 202) Repeals requirements under the SAA of 2008 that federal payments to states cover 100% of EUC for a certain period of time. Amends such Act to require the Secretary of the Treasury to transfer from the general fund of the Treasury to the EUC account any sums the Secretary of Labor estimates to be necessary to make payments to states because of certain amendments made by this Act. (Sec. 203) Amends the Assistance for Unemployed Workers and Struggling Families Act to accelerate from January 4, 2012, to July 6, 2011, termination of the temporary requirement that federal payments to states cover 100% of EUC. Amends the Federal-State Extended Unemployment Compensation Act of 1970 (FSEUCA-1970), as amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to accelerate similarly from December 31, 2011, to June 30, 2011, termination of the period during which a state may determine its "on" and "off" indicators according to specified temporary substitutions in its formula. Declares that, in the case of any state law which, as of the date of enactment of this Act, has been amended in conformance with certain amendments to FSEUCA-1970 made by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 and the Assistance for Unemployed Workers and Struggling Families Act, the acceleration for the termination of the period during which a state may determine its "on" and "off" indicators according to specified temporary substitutions in its formula shall be disregarded for purposes of any state law provision which provides for a state "off" indicator or which otherwise provides for the termination of an extended benefit period because of the cessation of full federal funding of sharable EUC or sharable regular compensation. (Sec. 204) Designates the budgetary effects of this Act as an emergency requirement and necessary to meet emergency needs pursuant to the Statutory Pay-As-You-Go (PAYGO) Act of 2010.

jobs opportunity benefits services act jobs_act title reforms unemployment compensation promote work job creation sec amends title iii grants states unemployment compensation administration social security act ssa require state unemployment compensation laws require condition eligibility regular compensation week claimant able work available work actively seeking work sec requires claimant meet minimum educational requirements earned high school diploma earned credential state recognized equivalent including meeting recognized alternative standards individuals disabilities enrolled making satisfactory progress classes leading satisfaction requirement authorizes waiver requirements individual state agency unduly burdensome amends internal revenue code revise requirement secretary labor approve state law prohibiting denial compensation individual week individual training approval state agency application week training state law relating availability work active search work refusal accept work refers instead week individual enrolled making satisfactory progress education current law training previously approved state agency sec authorizes secretary enter agreements states allow conduct demonstration projects test evaluate measures designed expedite reemployment individuals establish initial eligibility state law improve effectiveness state carrying state law respect reemployment sec amends ssa title repeal requirement state meet certain funding goals payment interest shall required respect advances federal unemployment account calendar year repeals requirement higher state taxes sec amends supplemental appropriations act saa repeal requirement nonreduction rule makes federal state agreement inapplicable state determination secretary method governing computation regular compensation state law modified average weekly benefit paid paid june sec amends ssa title miscellaneous provisions relating employment security require secretary designate standard data elements category information required data matching federal state unemployment insurance system sec amends internal revenue code ssa title iii require states currently merely authorized reduce current unemployment benefits recover prior unemployment benefit overpayments title iii forward funding remaining federal unemployment compensation funds sec amends ssa require secretary treasury makes special transfers fy2011 fy2012 extended unemployment compensation euc account state account unemployment_trust_fund determined specified formula requires states spend funds pay current federal euc emergency unemployment benefits regular unemployment benefits repaying federal unemployment loans reemployment services specified state law passed enactment act sec repeals requirements saa federal payments states cover euc certain period time amends act require secretary treasury transfer general fund treasury euc account sums secretary labor estimates necessary payments states certain amendments act sec amends assistance unemployed workers struggling families act accelerate january july termination temporary requirement federal payments states cover euc amends federal-state_extended_unemployment_compensation_act amended tax relief unemployment insurance reauthorization job creation act accelerate similarly december june termination period state determine indicators according specified temporary substitutions formula declares case state law date enactment act amended conformance certain amendments tax relief unemployment insurance reauthorization job creation act assistance_for_unemployed_workers struggling families act acceleration termination period state determine indicators according specified temporary substitutions formula shall disregarded purposes state law provision provides state indicator provides termination extended benefit period cessation federal funding sharable euc sharable regular compensation sec designates budgetary effects act emergency requirement necessary meet emergency needs pursuant statutory pay paygo act


Summary: Mobile Workforce State Income Tax Simplification Act of 2012 - Prohibits the wages or other remuneration earned by an employee who performs employment duties in more than one state from being subject to income tax in any state other than: (1) the state of the employee's residence, and (2) the state within which the employee is present and performing employment duties for more than 30 days during the calendar year. Exempts employers from withholding of tax and information reporting requirements for employees not subject to income tax under this Act. Allows an employer, for purposes of determining penalties related to employer withholding or reporting requirements, to rely on an employee's annual determination of the time such employee will spend working in a state in the absence of fraud or collusion by such employee. Exempts from the definition of "employee" for purposes of this Act professional athletes, professional entertainers, and public figures who are persons of prominence who perform services for wages or other remuneration on a per-event basis. Makes this Act effective on January 1 of the 2nd year that begins after the enactment of this Act. Renders this Act inapplicable to any tax obligation that accrues before the effective date of this Act.

prohibits wages remuneration earned employee performs employment duties state subject income tax state state employee residence state employee present performing employment duties days calendar year exempts employers withholding tax information reporting requirements employees subject income tax act allows employer purposes determining penalties related employer withholding reporting requirements rely employee annual determination time employee spend working state absence fraud collusion employee exempts definition employee purposes act professional athletes professional entertainers public figures persons prominence perform services wages remuneration event basis makes act effective january 2nd year begins enactment act renders act inapplicable tax obligation accrues effective date act


Summary: Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA), with regard to both single-employer and multiemployer plan guaranteed benefits, to require the Pension Benefit Guaranty Corporation (PBGC) , in the case of commercial airline pilots required by Federal Aviation Administration (FAA) regulation to retire before age 65, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at the required retirement age.

act amends employee retirement income security act erisa regard single employer multiemployer plan guaranteed benefits require pension_benefit_guaranty_corporation pbgc case commercial airline pilots required federal_aviation_administration faa regulation retire age compute actuarial value monthly benefits form life annuity commencing required retirement age


Summary: Healthy Families Act - Requires certain employers, who employ 15 or more employees for each working day during 20 or more workweeks a year, to permit each employee to earn at least one hour of paid sick time for every 30 hours worked. Declares that an employer shall not be required to permit an employee to earn more than 56 hours of paid sick time in a calendar year, unless the employer chooses to set a higher limit. Allows employees to use such time to: (1) meet their own medical needs; (2) care for the medical needs of certain family members; or (3) seek medical attention, assist a related person, take legal action, or engage in other specified activities relating to domestic violence, sexual assault, or stalking. Prohibits an employer from interfering with an employee's exercise of such rights. Directs the Secretary of Labor to exercise certain investigative and enforcement authority for employees covered by the Family and Medical Leave Act of 1993 or the Government Employee Rights Act of 1991. Grants the same authority, for employees under their jurisdiction, to the Librarian of Congress, the Comptroller General, the Board of Directors of the congressional Office of Compliance, and the Merit Systems Protection Board. Authorizes civil actions by employees, individuals, or their representatives for damages or equitable relief against employers who violate this Act. Waives a state's sovereign immunity with respect to a suit brought by an employee of a federally-assisted state program or activity for relief authorized under this Act. Requires the Commissioner of Labor Statistics annually to compile information annually on paid sick time, and the Comptroller General to study related matters. Declares that nothing in this Act shall be construed to discourage employers from adopting or retaining more generous leave policies.

healthy_families_act_-_requires certain employers employ employees working day workweeks year permit employee earn hour paid sick time hours worked declares employer shall required permit employee earn hours paid sick time calendar year employer chooses set higher limit allows employees use time meet medical needs care medical needs certain family members seek medical attention assist related person legal action engage specified activities relating domestic violence sexual assault stalking prohibits employer interfering employee exercise rights directs secretary labor exercise certain investigative enforcement authority employees covered family_and_medical_leave_act government employee rights act grants authority employees jurisdiction librarian congress comptroller_general board_of_directors congressional office_of_compliance merit_systems_protection_board authorizes civil actions employees individuals representatives damages equitable relief employers violate act waives state sovereign immunity respect suit brought employee federally assisted state program activity relief authorized act requires commissioner labor_statistics annually compile information annually paid sick time comptroller general study related matters declares act shall construed discourage employers adopting retaining generous leave policies


Summary: Seniors Financial Security Act of 2011 - Amends the Internal Revenue Code to repeal the inclusion in gross income for income tax purposes of social security and tier 1 railroad retirement benefits.

seniors financial security act amends internal revenue code repeal inclusion gross income income tax purposes social security tier railroad retirement benefits


Summary: Ready Employers Willing to Assist Reservists' Deployment Act of 2011 or the REWARD Act of 2011 - Amends the Internal Revenue Code to allow employers a tax credit for 50% of the wages paid to their employees on active military duty for more than 90 days as Ready Reserve or National Guard and for 50% of the wages paid to temporary replacement employees.

ready employers willing assist reservists deployment act reward act amends internal revenue code allow employers tax credit wages paid employees active military duty days ready_reserve national_guard wages paid temporary replacement employees


Summary: Small Business Tax Equalization and Compliance Act of 2011 - Amends the Internal Revenue Code to extend the tax credit for social security taxes paid for employee cash tips to employers of cosmetologists. Requires employers of cosmetologists to report income and tips of their cosmetologist employees and to provide income and tip information to self-employed cosmetologists to whom they pay more than $600 in the taxable year. Imposes similar reporting requirements upon individuals who rent chairs to cosmetologists. Requires such employers to provide their cosmetologist employees and self-employed cosmetologists with information on the tax and tip reporting obligations of employees and self-employed individuals.

small_business_tax_equalization compliance act amends internal revenue code extend tax credit social security taxes paid employee cash tips employers cosmetologists requires employers cosmetologists report income tips cosmetologist employees provide income tip information self employed cosmetologists pay taxable year imposes similar reporting requirements individuals rent chairs cosmetologists requires employers provide cosmetologist employees self employed cosmetologists information tax tip reporting obligations employees self employed individuals


Summary: Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to authorize the Pension Benefit Guaranty Corporation (PBGC), provided certain conditions are met, to allow the sponsor of an underfunded multiemployer benefit plan to accept from an employer a ratified collective bargaining agreement that provides for a reduction in plan employer contributions as well as appropriate reduction in the level of future benefit accruals for plan participants for up to five years during the plan funding adoption period, funding improvement period, rehabilitation adoption period, and rehabilitation period. Conditions such an allowance upon the PBGC's determination that: (1) the contributing employer will be unable to pay its debts when due and to continue business without a reduction in its contribution rates; (2) the contributing employer's aggregate withdrawal liability with respect to all multiemployer pension plans exceeds $750 million (or an appropriate lower amount as the PBGC may determine); (3) the collectability of the withdrawal liability is very doubtful if the contributing employer were to withdraw from the plan; (4) the reduced contributions are not reasonably expected to have an adverse effect on the PBGC deficit; and (5) other creditors, stakeholders, and parties to which the contributing employer is obligated have accepted comparable reductions.

amends employee retirement income security act erisa internal_revenue_code authorize pension_benefit_guaranty_corporation pbgc provided certain conditions met allow sponsor multiemployer benefit plan accept employer ratified collective bargaining agreement provides reduction plan employer contributions appropriate reduction level future benefit accruals plan participants years plan funding adoption period funding improvement period rehabilitation adoption period rehabilitation period conditions allowance pbgc determination contributing employer unable pay debts continue business reduction contribution rates contributing employer aggregate withdrawal liability respect multiemployer pension plans exceeds million appropriate lower pbgc determine withdrawal liability doubtful contributing employer withdraw plan reduced contributions reasonably expected adverse effect pbgc deficit creditors stakeholders parties contributing employer obligated accepted comparable reductions


Summary: Amends the Internal Revenue Code to deny payment of unemployment compensation to employees who are discharged from employment for: (1) being under the influence of, or consuming or otherwise using, alcohol or any controlled substance while performing services for an employer; (2) possessing any controlled substance on the premises of an employer; (3) refusing a request to take a drug test; or (4) testing positive for illegal use of a controlled substance.

amends internal revenue code deny payment unemployment compensation employees discharged employment influence consuming alcohol controlled substance performing services employer possessing controlled substance premises employer refusing request drug test testing positive illegal use controlled substance


Summary: Mobilizing Against Sanctuary Cities Act of 2011 - Prohibits a state or local government from receiving federal financial assistance for a minimum of one year if such jurisdiction restricts or prohibits a government entity or official from: (1) sending to or receiving from the responsible federal immigration agency information regarding an individual's citizenship or immigration status, or (2) maintaining or exchanging information about an individual's status. Restores assistance eligibility upon a determination by the Attorney General (DOJ) that the jurisdiction no longer restricts or prohibits such actions. Directs the Attorney General to report each year to Congress regarding state or local jurisdictions that restrict or prohibit such actions.

mobilizing sanctuary cities act prohibits state local government receiving federal financial assistance minimum year jurisdiction restricts prohibits government entity official sending receiving responsible federal immigration agency information individual citizenship immigration status maintaining exchanging information individual status restores assistance eligibility determination attorney general doj jurisdiction longer restricts prohibits actions directs attorney general report year congress state local jurisdictions restrict prohibit actions


Summary: Tax Parity for Health Plan Beneficiaries Act of 2011 - Amends the Internal Revenue Code to: (1) exclude from an employee's gross income employer-provided accident and health plan benefits extended to a domestic partner or non-dependent, non-spouse beneficiary eligible to receive such benefits under an employer plan (i.e., "eligible beneficiary"); (2) exempt such benefits paid to eligible beneficiariees from otherwise applicable employment and unemployment taxes; (3) allow self-employed individuals a tax deduction for the health insurance costs of their eligible beneficiaries; (4) allow tax-exempt voluntary employees' beneficiary associations to provide sick and accident benefits to the domestic partners and non-dependent, non-spouse beneficiaries of their members; (5) allow reimbursement of the medical expenses of an eligible beneficiary from a health savings account (HSA); and (6) extend tax-exempt medical benefits to the eligible beneficiaries of retired employees Directs the Secretary of the Treasury to provide guidance relating to reimbursements from a flexible spending arrangement and a health reimbursement arrangement attributable to an eligible beneficiary as defined by this Act.

tax parity health plan beneficiaries act amends internal revenue code exclude employee gross income employer provided accident health plan benefits extended domestic partner non dependent non spouse beneficiary eligible receive benefits employer plan eligible beneficiary exempt benefits paid eligible applicable employment unemployment taxes allow self employed individuals tax deduction health insurance costs eligible beneficiaries allow tax exempt voluntary employees beneficiary associations provide sick accident benefits domestic partners non dependent non spouse beneficiaries members allow reimbursement medical expenses eligible beneficiary health savings account hsa extend tax exempt medical benefits eligible beneficiaries retired employees directs secretary treasury provide guidance relating reimbursements flexible spending arrangement health reimbursement arrangement attributable eligible beneficiary defined act


Summary: SSI Savers Act of 2011 - Amends title XVI (Supplemental Security Income) (SSI) of the Social Security Act to: (1) increase resource limits for aged, blind, or disabled individuals who do not have an eligible spouse; (2) require an inflation adjustment for such individuals, regardless of whether a spouse is eligible; (3) provide a limited exclusion from resources of certain deferred compensation and education savings arrangements; (4) set forth income rules imputing income from certain deferred compensation arrangements; and (5) eliminate the requirement that SSI recipients apply for periodic payments from certain deferred compensation arrangements.

ssi savers act amends title xvi supplemental security income ssi social security act increase resource limits aged blind disabled individuals eligible spouse require inflation adjustment individuals regardless spouse eligible provide limited exclusion resources certain deferred compensation education savings arrangements set forth income rules income certain deferred compensation arrangements eliminate requirement ssi recipients apply periodic payments certain deferred compensation arrangements


Summary: Savings Account for Every American Act of 2011 - Allows employees and self-employed individuals with a Social Security number to elect to participate in a S.A.F.E. account. Defines such an account as a trust created exclusively for the benefit of an individual or his or her beneficiaries. Requires: (1) employers of electing employees to establish a payroll deduction program to make employee contributions (6.2% of wages) to such accounts, and (2) employer matching contributions after a participating employee has maintained an account for 15 years. Imposes penalties on employers who fail to make required payroll deductions or pay deducted wages to S.A.F.E. accounts. Directs the Office of Personnel Management (OPM) to study how to extend S.A.F.E. Accounts to federal civilian and military employees. Amends the Internal Revenue Code to exempt S.A.F.E. Accounts from income taxation. Allows a tax deduction from gross income for cash contributions to such an account. Includes distributions from such an account in employee gross income, with specified exceptions for distributions after the Social Security retirement age or death, for purchase of certain insurance contracts, and for rollovers. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act and the Internal Revenue Code to exempt S.A.F.E. Account participants from Social Security taxes and exclude such participants from OASDI coverage.

savings account american act allows employees self employed individuals social_security number elect participate account defines account trust created exclusively benefit individual beneficiaries requires employers electing employees establish payroll deduction program employee contributions wages accounts employer matching contributions participating employee maintained account years imposes penalties employers fail required payroll deductions pay deducted wages accounts directs study extend federal civilian military employees amends internal revenue code exempt income taxation allows tax deduction gross income cash contributions account includes distributions account employee gross income specified exceptions distributions social_security retirement age death purchase certain insurance contracts rollovers amends title old age survivors disability insurance oasdi social security act internal revenue code exempt account participants social_security taxes exclude participants oasdi coverage


Summary: Amends the Internal Revenue Code to allow employers a work opportunity tax credit for hiring a 99er (defined by this Act as an individual who has exhausted all rights to emergency unemployment compensation under the Supplemental Appropriations Act, 2008 during the period beginning on December 1, 2007, and ending on the individual's hiring date). Reduces the amount of such credit (40% to 25%) for employees who remain employed for 120 hours, but less than 400 hours, and in the second year of employment.

amends internal revenue code allow employers work opportunity tax credit hiring defined act individual exhausted rights emergency unemployment compensation supplemental appropriations act period beginning december ending individual hiring date reduces credit employees remain employed hours hours second year employment


Summary: Empowering More Productive and Lasting Opportunity Act of 2011 - Amends the Internal Revenue Code to allow states, for a five-year period, to implement an employment assistance voucher program, in lieu of paying unemployment compensation directly to employees, under which an individual who is eligible for unemployment compensation and is likely to exhaust such compensation is issued an employment assistance voucher and is hired by a participating employer who receives a subsidy from the state for the wages paid to the employee.

empowering productive lasting opportunity act amends internal revenue code allow states year period implement employment assistance voucher program lieu paying unemployment compensation directly employees individual eligible unemployment compensation likely exhaust compensation issued employment assistance voucher hired participating employer receives subsidy state wages paid employee


Summary: Auto Enroll Repeal Act - Amends the Fair Labor Standards Act of 1938 to repeal provisions requiring employers that have more than 200 full-time employees and that offer employees enrollment in one or more health plans to automatically enroll new full-time employees in a health care plan and provide notice of the opportunity to opt-out of such coverage.

auto enroll repeal act amends fair labor standards act repeal provisions requiring employers time employees offer employees enrollment health plans automatically enroll new time employees health care plan provide notice opportunity opt coverage


Summary: Unemployment Assistance Act of 2011 - Amends the Internal Revenue Code to exclude from gross income amounts distributed from tax-exempt retirement plans, health savings accounts, Roth individual retirement accounts (IRAs), and qualified tuition programs to pay for certain living, health care and education or job training expenses of a taxpayer during a period of unemployment not exceeding two years.

unemployment assistance act amends internal revenue code exclude gross income amounts distributed tax exempt retirement plans health savings accounts roth individual retirement accounts iras qualified tuition programs pay certain living health care education job training expenses taxpayer period unemployment exceeding years


Summary: Unemployed Tax Relief Act of 2011 - Amends the Internal Revenue Code to exclude from the gross income of an employee who is separated from employment due to a reduction in force the last regular payment of wages prior to such separation and any severance pay received in connection with such separation. Exempts such wages and severance pay from employment-related taxation. Requires transfers from the Treasury to employment-related trust funds to compensate for revenues lost by such trust funds due to this Act.

amends internal revenue code exclude gross income employee separated employment reduction force regular payment wages prior separation severance pay received connection separation exempts wages severance pay employment related taxation requires transfers treasury employment related trust funds compensate revenues lost trust funds act


Summary: Layoff Prevention Act of 2011 - Amends the Internal Revenue Code to set forth requirements relating to short-time compensation programs to allow employers to reduce the workweek of their employees in lieu of layoffs. Provides for federal financing of state short-time compensation programs. Requires the Secretary of Labor to: (1) award grants to states that enact such programs; (2) develop model legislative language for use by states in developing, enacting, and implementing such programs; and (3) report to Congress and the President on their implementation.

amends internal revenue code set forth requirements relating short time compensation programs allow employers reduce workweek employees lieu layoffs provides federal financing state short time compensation programs requires secretary labor award grants states enact programs develop model legislative language use states developing enacting implementing programs report congress president implementation


Summary: Public Good IRA Rollover Act of 2011- Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes.

public good ira rollover act amends internal revenue code exclude gross income distributions individual retirement accounts certain charitable purposes


Summary: Amends the Internal Revenue Code to increase from $50,000 to $350,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $350,000 amount for inflation for taxable years beginning after 2012.

amends internal revenue code increase employer provided group term life insurance employee exclude gross income indexes inflation taxable years beginning


Summary: Amends the Internal Revenue Code to waive minimum distribution requirements for tax-exempt retirement plans for calendar years 2011 and 2012.

amends internal revenue code waive minimum distribution requirements tax exempt retirement plans calendar years


Summary: Entrepreneurship Tax Cut Act of 2011 - Amends the Internal Revenue Code to exclude from gross income amounts distributed from tax-exempt retirement plans, health savings accounts, Roth individual retirement accounts (IRAs), and qualified tuition programs to acquire an ownership interest (at least 40%) in an entity in connection with beginning an active trade or business.

entrepreneurship tax cut act amends internal revenue code exclude gross income amounts distributed tax exempt retirement plans health savings accounts roth individual retirement accounts iras qualified tuition programs acquire ownership interest entity connection beginning active trade business


Summary: Pension Technical Modifications Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code with respect to the formula for the target normal plan cost element in the larger formula for determining the minimum required employer contribution for a plan year of a single-employer defined benefit pension plan. Revises the formula for the target normal cost to allow a plan sponsor to elect to exclude plan investment expenses from the amount of plan-related expenses expected to be paid from plan assets during the plan year. Makes technical amendments to ERISA and the Internal Revenue Code, as amended by the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (PACMBPRA), regarding the election to apply specified requirements in an eligible plan year with respect to the shortfall amortization base in minimum funding standards for such plans. Treats a plan as eligible for such an election only if: (1) the plan sponsor is not a debtor in a case under bankruptcy law or similar federal or state law, (2) there are no unpaid minimum required contributions with respect to the plan for purposes of the excise tax when minimum required contributions are not paid when due, (3) there are no outstanding liens in favor of the plan for a person's failure to make required contributions, and (4) the plan sponsor has not initiated a distress termination of the plan. Amends the Pension Protection Act of 2006 (PPA), as amended by PACMBPRA, to allow plan sponsors to elect to treat a certain kind of plan as an eligible charity plan instead of requiring them to, as under current law. Permits such an election to be revoked, however, only with the consent of the Secretary of the Treasury. Postpones to plan years beginning after December 31, 2010, the authorization for such an election. Amends the Worker, Retiree, and Employer Recovery Act of 2008 to extend through plan years beginning during the period October 1, 2008-December 31, 2011, certain funding-based limits on benefit accruals for single-employer plans with severe funding shortfalls. Revises the adjusted funding target attainment percentage factor in such limits for that period. Amends ERISA and the Internal Revenue Code with respect to the allowance of a one-time prohibited payment by a single-employer plan. Declares that payments under a Social Security leveling option shall be treated as not in excess of the monthly amount paid under a single life annuity (plus an amount not in excess of a Social Security supplement). Extends from September 1, 2011, through December 31, 2011, the special rule and ratio for certain years of eligible charity plans which excludes such plans from the authority of a plan sponsor to elect to credit against the minimum required contribution for the current plan year all or a portion of the prefunding balance or the funding standard carryover balance for the year.

pension technical modifications act amends employee retirement income security act erisa internal_revenue_code respect formula target normal plan cost element larger formula determining minimum required employer contribution plan year single employer defined benefit pension plan revises formula target normal cost allow plan sponsor elect exclude plan investment expenses plan related expenses expected paid plan assets plan year makes technical amendments erisa internal revenue code amended election apply specified requirements eligible plan year respect shortfall amortization base minimum funding standards plans treats plan eligible election plan sponsor debtor case bankruptcy law similar federal state law unpaid minimum required contributions respect plan purposes excise tax minimum required contributions paid outstanding liens favor plan person failure required contributions plan sponsor initiated distress termination plan amends pension protection act amended allow plan sponsors elect treat certain kind plan eligible charity plan instead requiring current law permits election revoked consent secretary treasury postpones plan years beginning december authorization election amends worker retiree employer recovery act extend plan years beginning period october december certain funding based limits benefit accruals single employer plans severe funding shortfalls revises adjusted funding target attainment percentage factor limits period amends erisa internal revenue code respect allowance time prohibited payment single employer plan declares payments social_security option shall treated excess monthly paid single life annuity plus excess social_security supplement extends september december special rule ratio certain years eligible charity plans excludes plans authority plan sponsor elect credit minimum required contribution current plan year portion prefunding balance funding standard carryover balance year


Summary: Keeping Social Security Solvent Act of 2011 - Amends the Internal Revenue Code, with respect to the taxes on employment and self-employment compensation, to repeal the limit on the amount of compensation subject to such taxes (i.e., the contribution and benefit base, currently $106,800 in 2011).

amends internal revenue code respect taxes employment self employment compensation repeal limit compensation subject taxes contribution benefit base currently


Summary: HIRE Now Act of 2011 - Amends the Internal Revenue Code to extend until January 1, 2012, the exemption from payment of employment taxes for individuals who begin employment after December 31, 2010.

hire act amends internal revenue code extend january exemption payment employment taxes individuals begin employment december


Summary: Individual Recovery Assistance Act of 2011 - Amends the Internal Revenue Code to: (1) suspend for a one-year period the penalty on premature distributions from tax-exempt pension plans for mortgage payments or as unemployment compensation, and (2) increase from 70-1/2 to 75 the age at which taxpayers must begin taking taxable distributions from their pension plans.

individual recovery assistance act amends internal revenue code suspend year period penalty premature distributions tax exempt pension plans mortgage payments unemployment compensation increase age taxpayers begin taking taxable distributions pension plans


Summary: Amends the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 to extend through FY2013 the special rule relating to eligibility for benefits under title XVI (Supplemental Security Income) (SSI) of the Social Security Act for certain aliens and victims of trafficking.

amends personal_responsibility_and_work_opportunity reconciliation act extend fy2013 special rule relating eligibility benefits title ssi social security act certain aliens victims trafficking


Summary: Small Business Expansion and Hiring Act of 2011 - Amends the Internal Revenue Code to allow nongovernmental employers who employ an average of fewer than 100 employees during a taxable year a retained worker tax credit until December 31, 2012, for the lesser of $4,000 ($6,000 for a long-term unemployed individual) or 6.2% of the wages paid to a retained worker during a period of not less than 52 consecutive weeks of employment.  Limits the amount of such credit with respect to any business location of the employer to $400,000 and provides that the number of retained workers taken into account for such credit shall not exceed the excess of the number of employees of the taxpayer at the end of the taxable year over the number of such employees at the beginning of the taxable year. Defines "retained worker" to mean any qualified individual who was employed on any date during the taxable year for a period of not less than 52 weeks and whose wages during the last 26 weeks of such period equaled at least 80% of such wages for the first 26 weeks of such period.  Defines "qualified individual" as any individual who: (1) begins employment after 2010 and before 2014, (2) certifies by signed affidavit that such individual has not been employed for 40 hours or more per week during the 60-day period ending on the date such individual begins employment, (3) is not replacing another employee, and (4) is not disqualified for such credit by a relationship to the employer.

hiring act amends internal revenue code allow nongovernmental employers employ average fewer employees taxable year retained worker tax credit december lesser long term unemployed individual wages paid retained worker period consecutive weeks employment limits credit respect business location employer provides number retained workers taken account credit shall exceed excess number employees taxpayer end taxable year number employees beginning taxable year defines retained worker mean qualified individual employed date taxable year period weeks wages weeks period wages weeks period defines qualified individual individual begins employment certifies signed affidavit individual employed hours week day period ending date individual begins employment replacing employee disqualified credit relationship employer


Summary: Amends the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS) to exclude Members of Congress, except the Vice President, from further CSRS and FERS retirement coverage. Prohibits further government contributions or deductions from such Member's basic pay for deposit in the Treasury to the credit of the Civil Service Retirement and Disability Fund. States that nothing in this Act shall: (1) be considered to nullify, modify, or otherwise affect any right, entitlement, or benefit under CSRS for any Member covering any period before the enactment of this Act; or (2) affect the eligibility of a Member to participate in the Thrift Savings Plan (TSP) in accordance with otherwise applicable law.

amends civil_service_retirement_system csrs fers exclude members congress vice president csrs fers retirement coverage prohibits government contributions deductions member basic pay deposit treasury credit civil_service_retirement_and_disability_fund states act shall considered modify affect right entitlement benefit csrs member covering period enactment act affect eligibility member participate thrift savings plan tsp accordance applicable law


Summary: Amends the Internal Revenue Code to permit the treatment of certain employer contributions made to public retirement plans as picked up by an employing unit regardless of whether the participating employee is allowed to make an irrevocable election between the application of two alternative benefit formulas involving the same or different levels of employee contributions.

amends internal revenue code permit treatment certain employer contributions public retirement plans employing unit regardless participating employee allowed irrevocable election application alternative benefit formulas involving different levels employee contributions


Summary: Federal Employees Leave Transfer Act of 2011 - Directs the Office of Personnel Management (OPM) to modify by regulation the program for voluntary transfer of unused leave to allow federal employees to transfer unused sick leave and contribute such leave to agency leave banks for the use of other employees, on the same basis as is allowed for annual leave.

directs modify regulation program voluntary transfer unused leave allow federal employees transfer unused sick leave contribute leave agency leave banks use employees basis allowed annual leave


Summary: Retirement Income Protection Act of 2011 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to declare that no person shall be considered a fiduciary to an employee benefit plan (special entity) by reason of that person's performing any service, act, or duty as a swap dealer, major swap participant, security-based swap dealer, or major security-based swap participant with respect to such entity. Amends the Commodity Exchange Act (CEA) and the Securities Exchange Act of 1934 to redefine "special entity" to exclude from its meaning as well as from certain business conduct standards: (1) employee benefit plans, and (2) any collective investment vehicle in which one or more special entities invest. Declares that no swap dealer shall be treated as an advisor to a Special Entity (and thus subject to specified duties and restrictions related to fraudulent, deceptive, or manipulative behavior) if: (1) the Special Entity represents in writing that it will not rely on recommendations of the swap dealer, but will rely on advice from an independent representative; and (2) the swap dealer discloses to the Special Entity that it is not undertaking to act in the Special Entity 's best interests. Declares further that no swap dealer shall be considered to act as an advisor to a Special Entity solely by reason of providing information to an independent representative of a Special Entity. Prescribes criteria for considering a representative of a Special Entity to be independent of a swap dealer.

retirement income protection act amends employee retirement income security act erisa declare person shall considered fiduciary employee benefit plan special entity reason person performing service act duty swap dealer major swap participant security based swap dealer major security based swap participant respect entity amends commodity_exchange_act cea securities_exchange_act redefine special entity exclude meaning certain business conduct standards employee benefit plans collective investment vehicle special entities invest declares swap dealer shall treated advisor special entity subject specified duties restrictions related fraudulent deceptive manipulative behavior special entity represents writing rely recommendations swap dealer rely advice independent representative swap dealer discloses special entity undertaking act best interests declares swap dealer shall considered act advisor special entity solely reason providing information independent representative special entity prescribes criteria considering representative special entity independent swap dealer


Summary: Hardship Outlays to protect Mortgagee Equity Act of 2011 or the HOME Act of 2011 - Amends the Internal Revenue Code to allow taxpayers to withdraw amounts from their tax-exempt pension and retirement plans, without incurring the 10% penalty otherwise imposed on such withdrawals, to make mortgage payments on their principal residences.

hardship outlays protect home act amends internal revenue code allow taxpayers withdraw amounts tax exempt pension retirement plans incurring penalty imposed withdrawals mortgage payments principal residences


Summary: Amends title IV (Temporary Assistance for Needy Families) (TANF) of the Social Security Act to reestablish for FY2012-FY2013 the Emergency Contingency Fund for State Temporary Assistance for Needy Families Programs for the purpose of grants to states by the Secretary of the Treasury related to: (1) increases in TANF caseloads, (2) increased expenditures for non-recurrent short term benefits, and (3) increased expenditures for subsidized employment. Modifies for FY2011-FY2012 the formula for the pro rata reduction credit in the calculation of the minimum participation rate of all families of a state receiving TANF assistance for any reduction in such rate owing to caseload reductions not required by federal law and not resulting from changes in state eligibility criteria.

amends title temporary assistance needy families tanf social security act reestablish fy2012 fy2013 emergency contingency fund state temporary assistance needy families programs purpose grants states secretary treasury related increases tanf increased expenditures non recurrent short term benefits increased expenditures subsidized employment modifies fy2011 fy2012 formula pro rata reduction credit calculation minimum participation rate families state receiving tanf assistance reduction rate owing caseload reductions required federal law resulting changes state eligibility criteria


Summary: Unemployed Worker Assistance Act of 2011 - Amends the Internal Revenue Code to allow unemployed individuals who have exhausted all rights to unemployment compensation under federal or state law to make penalty-free withdrawals from tax-exempt pension and retirement plans.

amends internal revenue code allow unemployed individuals exhausted rights unemployment compensation federal state law penalty free withdrawals tax exempt pension retirement plans


Summary: Amends the Internal Revenue Code, the Employee Retirement and Income Security Act (ERISA), and the Patient Protection and Affordable Care Act to treat certain small employer benefit arrangements (SEBAs) as employers for the purpose of providing qualified retirement and accident and health plans or group-term life insurance. Defines a SEBA as a member owned, democratically controlled cooperative organization that: (1) has at least 21 shareholders of whom 90% percent are in the same or similar line of business; (2) sponsors an accident and health plan for shareholder-members and any of their employees; (3) sponsors a qualified retirement plan meeting specified requirements and available to shareholder-members and their employees; (4) provides employee benefits pursuant to a written agreement; and (5) requires all benefit eligible employees of a shareholder-member to participate according to the same statutory eligibility criteria normally accorded them. Treats the shareholder-members of a SEBA as employers for purposes of administering and allocating items of income, credits, deductions, or exclusions associated with the provision of employee benefits. Prohibits treatment as a SEBA of any organization or related entity that is owned, in whole or in part, or managed or controlled in whole or in part, by any management agreement or certificates of indebtedness, directly or indirectly, or by: (1) any agents, brokers or providers of a health, life, or disability insurer; (2) a retirement plan service provider; (3) claim administrators; or (4) investment advisors. Requires any group health plan established or maintained by a SEBA to be fully insured (thus prohibiting self-insurance).

amends internal revenue code employee retirement income security act erisa patient_protection affordable care act treat certain small employer benefit arrangements employers purpose providing qualified retirement accident health plans group term life insurance defines member owned democratically controlled cooperative organization shareholders percent similar line business sponsors accident health plan shareholder members employees sponsors qualified retirement plan meeting specified requirements available shareholder members employees provides employee benefits pursuant written agreement requires benefit eligible employees shareholder member participate according statutory eligibility criteria normally accorded treats shareholder members employers purposes administering allocating items income credits deductions exclusions associated provision employee benefits prohibits treatment organization related entity owned managed controlled management agreement certificates indebtedness directly indirectly agents brokers providers health life disability insurer retirement plan service provider claim administrators investment advisors requires group health plan established maintained fully insured prohibiting self insurance


Summary: Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Savings Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed. Requires the Secretary of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make additional contributions to a plan during the six month period following a hardship distribution.

alleviating leakage seal internal revenue code respect loans qualified employer plan extend period repayment loans plan terminates plan participant unemployed requires secretary treasury modify regulations governing hardship distributions qualified employer plans allow participants additional contributions plan month period following hardship distribution


Summary: Startup Technical Assistance for Reemployment Training and Unemployment Prevention Act or the STARTUP Act - Amends the Federal-State Extended Unemployment Compensation Act of 1970 to authorize states to establish a self-employment assistance program (a program to provide unemployed individuals with an allowance in lieu of extended unemployment compensation to establish a business and become self-employed). Amends the Supplemental Appropriations Act, 2008 to allow individuals receiving emergency unemployment compensation to participate in a self-employment assistance program. Directs the Secretary of Labor to: (1) award grants to states for self-employment assistance programs; (2) develop model language that may be used by states in enacting such programs and provide technical assistance to states in establishing, improving, and administering such programs; (3) establish reporting requirement for states that have established such programs; and (4) report to Congress on the effectiveness of such programs. Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to repeal the program for investment in microentrepreneurs. Limits and rescinds funding for the Loan Modernization and Accounting System established by the Small Business Administration (SBA). Directs the Administrator of SBA to terminate the Special Purpose Counseling Grant program under the Small Business Act.

startup technical assistance reemployment training unemployment prevention act startup act amends federal-state_extended_unemployment_compensation_act authorize states establish self employment assistance program program provide unemployed individuals allowance lieu extended unemployment compensation establish business self employed amends supplemental appropriations act allow individuals receiving emergency unemployment compensation participate self employment assistance program directs secretary labor award grants states self employment assistance programs develop model language states enacting programs provide technical assistance states establishing improving administering programs establish reporting requirement states established programs report congress effectiveness programs amends riegle_community_development_and_regulatory_improvement_act repeal program investment microentrepreneurs limits rescinds funding established small_business_administration sba directs administrator sba terminate special purpose counseling grant program small business act


Summary: Helping Individuals Return to Employment Act or HIRE Act - Authorizes the Secretary of Labor to award competitive grants to eligible entities to hire unemployed individuals age 16 and older to perform a minimum of 20 hours per week of work to benefit certain communities, including activities such as public works, beautification, historic restoration, tutoring, and adult education. Restricts such grants to eligible entities located in or primarily serving in a community designated either as a renewal community, an empowerment zone, or a historically underutilized business zone (HUBZone), if the unemployment rate in the area is higher than 7% during the 3-month period preceding award of the grant. Requires that priority in the award of grants be given to individuals who have been unemployed for more than a year. Prescribes certain grant limitations.

helping individuals return employment act secretary labor award competitive grants eligible entities hire unemployed individuals age older perform minimum hours week work benefit certain communities including activities public works historic restoration tutoring adult education restricts grants eligible entities located primarily serving community designated renewal community empowerment zone historically underutilized business zone hubzone unemployment rate area higher month period preceding award grant requires priority award grants given individuals unemployed year prescribes certain grant limitations


Summary: Mobilizing Opportunities for Veterans Employment Act of 2011 - Requires recipients of federal assistance for federal-aid highway projects and capital public transportation projects to give preference to the hiring of veterans with the requisite skills and abilities to perform construction work on such projects. Exempts from these requirements federal-aid highway projects on Indian reservation roads in which preference in the hiring of Indians living on or near a reservation on such projects is authorized.

mobilizing opportunities veterans employment act requires recipients federal assistance federal aid highway projects capital public transportation projects preference hiring veterans requisite skills abilities perform construction work projects exempts requirements federal aid highway projects indian reservation roads preference hiring indians living near reservation projects authorized


Summary: End Pensions in Congress Act or EPIC Act - Amends the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS) to exclude Members of Congress, except the Vice President, from further CSRS and FERS retirement coverage. Prohibits further government contributions or deductions from such Member's basic pay for deposit in the Treasury to the credit of the Civil Service Retirement and Disability Fund. States that nothing in this Act shall: (1) be considered to nullify, modify, or otherwise affect any right, entitlement, or benefit under CSRS for any Member covering any period before the enactment of this Act; or (2) affect the eligibility of a Member to participate in the Thrift Savings Plan (TSP) in accordance with otherwise applicable law. Allows Members covered by such exclusion, within 90 days after enactment of this Act, to elect to remain subject to CSRS or FERS, as the case may be.

end pensions act amends civil_service_retirement_system csrs fers exclude members congress vice president csrs fers retirement coverage prohibits government contributions deductions member basic pay deposit treasury credit civil_service_retirement_and_disability_fund states act shall considered modify affect right entitlement benefit csrs member covering period enactment act affect eligibility member participate thrift savings plan tsp accordance applicable law allows members covered exclusion days enactment act elect remain subject csrs fers case


Summary: Small Business Pension Promotion Act of 2011 - Authorizes the Secretary of the Treasury to take steps to address any significant and broadly applicable decrease in the value of investments held by defined contribution plans and individual retirement accounts (IRAs), including by allowing: (1) taxpayers to use a later asset valuation date than otherwise required, and (2) additional time for making distributions from such plans and accounts. Amends the Internal Revenue Code to: (1) allow a deduction in computing the net earnings from self-employment income for pension and IRA contributions, (2) allow a determination of the adjusted funding target attainment percentage for tax-exempt retirement plans without regard to the reduction for credit balances for funding-based limits on benefits under single employer plans, (3) repeal the excise tax on nondeductible contributions to qualified employer plans, and (4) provide a  special rule for determining normal retirement age for certain existing defined benefit plans. Makes conforming amendments to the Employee Retirement Income Security Act (ERISA). Requires the Secretary to revise administrative rules governing interim amendments of qualified pension plans to provide greater flexibility and reduce plan sponsor burden.

authorizes secretary treasury steps address significant broadly applicable decrease value investments held defined contribution plans individual retirement accounts iras including allowing taxpayers use later asset valuation date required additional time making distributions plans accounts amends internal revenue code allow deduction computing net earnings self employment income pension ira contributions allow determination adjusted funding target attainment percentage tax exempt retirement plans regard reduction credit balances funding based limits benefits single employer plans repeal excise tax nondeductible contributions qualified employer plans provide special rule determining normal retirement age certain existing defined benefit plans makes conforming amendments employee retirement income security act erisa requires secretary revise administrative rules governing interim amendments qualified pension plans provide greater flexibility reduce plan sponsor burden


Summary: Retirement Savings Security Act of 2011 - Amends the Internal Revenue Code to provide for a qualified participant loan protection arrangement to allow a participant or beneficiary who receives any amount as a loan from an eligible retirement plan (i.e., a qualified trust, an annuity plan, or an annuity contract) the option to obtain protection against death and disability through: (1) a group insurance policy issued to the plan for the sole purpose of providing participant and beneficiary loan death and disability insurance, or (2) a debt protection product in which debt protection is provided through appropriate commercial contractual liability insurance.

retirement savings security act amends internal revenue code provide qualified participant loan protection arrangement allow participant beneficiary receives loan eligible retirement plan qualified trust annuity plan annuity contract option obtain protection death disability group insurance policy issued plan sole purpose providing participant beneficiary loan death disability insurance debt protection product debt protection provided appropriate commercial contractual liability insurance


Summary: One New Employee Act of 2011 - Amends the Internal Revenue Code to allow certain business entities, including S corporations, partnerships, trusts, estates, tax-exempt cooperatives, or sole proprietorships, a business-related tax credit for hiring individuals who received federal or state unemployment compensation for not less than one week in the one-year period prior to hiring.  Limits the maximum amount of such credit for each entity to $5,000. Terminates such credit after 2016.

new employee act amends internal revenue code allow certain business entities including corporations partnerships trusts estates tax exempt cooperatives sole business related tax credit hiring individuals received federal state unemployment compensation week year period prior hiring limits maximum credit entity terminates credit


Summary: Save Our Small and Seasonal Businesses Act of 2011 - Amends the Immigration and Nationality Act to exempt certain returning H-2B aliens (temporary nonagricultural workers) from annual numerical limitations.

save_our_small seasonal businesses act amends immigration nationality act exempt certain returning h-2b aliens temporary nonagricultural workers annual numerical limitations


Summary: Tax Cuts for the Middle Class Act - Reduces by 2% employment tax rates for employees and self-employment tax rates in calendar year 2012 (payroll tax holiday period). Appropriates funds from the Treasury to the Federal Old-Age and Survivors Trust Fund and the Federal Disability Insurance Trust Fund established by title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act and the Social Security Equivalent Benefit Account established by the Railroad Retirement Act of 1974 to compensate for any revenue loss to such funds resulting from the tax rate reductions of this Act.

tax cuts middle class act reduces employment tax rates employees self employment tax rates calendar year payroll tax holiday period appropriates funds treasury federal_disability_insurance_trust_fund established title old age survivors disability_insurance social security act established railroad retirement act compensate revenue loss funds resulting tax rate reductions act


Summary: (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Temporary Payroll Tax Cut Continuation Act of 2011 - Title I: Temporary Payroll Tax Relief - (Sec. 101) Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend: (1) the reduction in the rate of the self-employment tax on self-employed individuals through 2012; and (2) the reduction in the rate of the employment tax on employees until February 29, 2012. Makes the reduction in the tax rate for self-employed individuals applicable to self-employment income not exceeding the excess of $18,350 over the amount of other wages and compensation received by such self-employed individuals for taxable years beginning in 2012. Title II: Temporary Extension of Unemployment Compensation Provisions - (Sec. 201) Amends the Supplemental Appropriations Act, 2008 with respect to the state-established individual emergency unemployment compensation account (EUCA). Extends the final date for entering a federal-state agreement under the Emergency Unemployment Compensation (EUC) program through March 6, 2012. Postpones the termination of the program until August 15, 2012. Amends the Assistance for Unemployed Workers and Struggling Families Act to extend until March 7, 2012, requirements that federal payments to states cover 100% of EUC. Amends the Unemployment Compensation Extension Act of 2008 to exempt weeks of unemployment between enactment of this Act and August 15, 2012, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 (FSEUCA of 1970) against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law provides for payment of regular compensation to an individual for his or her first week of otherwise compensable unemployment. (Thus allows temporary federal matching for the first week of extended benefits for states with no waiting period.) Amends the FSEUCA of 1970 to postpone similarly from December 31, 2011, to February 29, 2012, termination of the period during which a state may determine its "on" and "off" indicators according to specified temporary substitutions in its formula. (Sec. 202) Amends the Railroad Unemployment Insurance Act, as amended by the American Recovery and Reinvestment Act of 2009, the Worker, Homeownership, and Business Assistance Act of 2009, and the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, to extend through February 29, 2012, the temporary increase in extended unemployment benefits for employees with 10 or more years of service as well as for those with less than 10. Title III: Temporary Extension of Health Provisions - (Sec. 301) Amends title XVIII (Medicare) of the Social Security Act (SSA) to set the update to the single conversion factor in the formula for the physicians' fee schedule for the first two months of 2012 at zero (thus freezing the physician payment update for the first two months of 2012). Requires the conversion factor for the remaining portion of 2012 and subsequent years to be computed as if the zero update for the first two months of 2012 had never applied. (Sec. 302) Amends the Tax Relief and Health Care Act of 2006, as modified by other federal law, to extend section 508 hospital reclassifications for two months through November 30, 2011. ("Section 508" refers to Section 508 of the Medicare Modernization Act of 2003 [MMA], which allows the temporary reclassification of a hospital with a low Medicare area wage index, for reimbursement purposes, to a nearby location with a higher Medicare area wage index, so that the "Section 508 hospital" will receive the higher Medicare reimbursement rate.) (Sec. 303) Extends through February 29, 2012, the 1.0 floor on geographic indexing adjustments to the work portion of the physician fee schedule. (Sec. 304) Extends through February 29, 2012, the process allowing exceptions to limitations on medically necessary therapy caps. (Sec. 305) Amends the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 to extend until February 29, 2012, an exception to a payment rule that permits laboratories to receive direct Medicare reimbursement when providing the technical component of certain physician pathology services that had been outsourced by certain (rural) hospitals. (Sec. 306) Amends SSA title XVIII to extend the bonus and increased payments for ground ambulance services until March 1, 2012. Amends the Medicare Improvements for Patients and Providers Act of 2008 (MIPPA) to extend the payment of certain urban air ambulance services until February 29, 2012. Extends increased payments for super rural ambulance services until March 1, 2012. (Sec. 307) Amends MIPPA to extend the physician fee schedule mental health add-on payment provision through February 29, 2012. (Sec. 308) Extends through February 29, 2012, hold harmless provisions under the prospective payment system (PPS) for hospital outpatient department (OPD) services. (Sec. 309) Extends the minimum payment for bone mass measurement through the first two months of 2012. (Sec. 310) Amends SSA title XIX (Medicaid) to extend the Qualifying Individual (QI) Program through February 29, 2012, at specified allocations. (Sec. 311) Extends the Transitional Medical Assistance (TMA) Program through February 29, 2012. (Sec. 312) Amends part A (Temporary Assistance for Needy Families) (TANF) of SSA title IV to extend the TANF program through February 29, 2012. Title IV: Mortgage Fees and Premiums - (Sec. 401) Amends the Housing and Community Development Act of 1992 to require the Director of the Federal Housing Finance Agency (FHFA) to require each government-sponsored enterprise (GSE) (the Federal National Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation [Freddie Mac]) to charge a guarantee fee in connection with any guarantee of the timely payment of principal and interest on securities, notes, and other obligations based on or backed by mortgages on residential real properties designed principally for the occupancy of from one to four families. Requires the FHFA Director to prohibit a GSE from consummating any offer for a guarantee to a lender for mortgage-backed securities if: (1) the guarantee is inconsistent with the requirements of this Act; or (2) the risk of loss is allowed to increase, through the lowering of the underwriting standards or other means, for the primary purpose of meeting the requirements of this Act. Requires direct deposit into the Treasury of any amounts received from fee increases imposed by this Act that are necessary to comply with the minimum increase required by this Act. Requires the Director to require each GSE, as part of its annual report, to: (1) describe changes made to up-front fees and annual fees as part of the guarantee fees negotiated with lenders, changes to the riskiness of the new borrowers compared to previous origination years or book years, and any adjustments required to improve for future origination years or book years, in order to be in complete compliance with guarantee fee requirements; and (2) assess how the changes in such guarantee fees met the requirements of this title. (Sec. 402) Amends the National Housing Act with respect to requirements for each mortgage secured by a 1- to 4-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund. Directs the Secretary of Housing and Urban Development (HUD), in addition to other required or authorized premiums, to establish and collect through FY2021 annual premium payments of up to 10 basis points of the remaining insured principal balance for any mortgage for which the Secretary collects an annual premium on the remaining insured principal balance. Title V: Other Provisions - Subtitle A: Keystone XL Pipeline - (Sec. 501) Directs the President, acting through the Secretary of State, to grant a permit for the Keystone XL pipeline project application filed on September 19, 2008. Waives such requirement if the President determines that the Keystone XL pipeline would not serve the national interest. Requires the President, in that case, to report to certain congressional committees and officials a justification for his determination, including consideration of economic, employment, energy security, foreign policy, trade, and environmental factors. Declares that a permit for such pipeline shall take effect by operation of law if after 60 days following enactment of this Act the President fails to: (1) determine that the Keystone XL pipeline would not serve the national interest, or (2) grant the permit. Subtitle B: Budgetary Provisions - (Sec. 511) Amends the Congressional Budget Act of 1974 to make it out of order in the Senate to consider a bill, resolution, amendment, motion, or conference report that includes an emergency designation. Permits waiver or suspension of such prohibition, or successful appeals from a ruling of the Chair, only by an affirmative vote of three-fifths (60) of the Senate. (Sec. 512) Prohibits the budgetary effects of this Act from being entered on either PAYGO scorecard maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.

measure amended introduced summary expanded action occurred measure title temporary payroll tax relief sec amends tax relief unemployment insurance reauthorization job creation act extend reduction rate self employment tax self employed individuals reduction rate employment tax employees february makes reduction tax rate self employed individuals applicable self employment income exceeding excess wages compensation received self employed individuals taxable years beginning title temporary extension unemployment compensation provisions sec amends supplemental appropriations act respect state established individual emergency unemployment compensation account euca extends final date entering federal state agreement program march postpones termination program august amends assistance_for_unemployed_workers struggling families act extend march requirements federal payments states cover euc amends unemployment compensation extension act exempt weeks unemployment enactment act august prohibition federal-state_extended_unemployment_compensation_act fseuca federal matching payments state week individual eligibility period extended compensation sharable regular compensation paid state law provides payment regular compensation individual week compensable unemployment allows temporary federal matching week extended benefits states waiting period amends fseuca postpone similarly december february termination period state determine indicators according specified temporary substitutions formula sec amends railroad_unemployment_insurance_act amended american_recovery_and_reinvestment_act worker homeownership business assistance act tax relief unemployment insurance reauthorization job creation act extend february temporary increase extended unemployment benefits employees years service title iii temporary extension health provisions sec amends title xviii medicare social security act ssa set update single conversion factor formula physicians fee schedule months zero freezing physician payment update months requires conversion factor remaining portion subsequent years computed zero update months applied sec amends tax relief health care act modified federal law extend section hospital reclassifications months november section refers section medicare modernization act allows temporary reclassification hospital low medicare area wage index reimbursement purposes nearby location higher medicare area wage index section hospital receive higher medicare reimbursement rate sec extends february floor geographic indexing adjustments work portion physician fee schedule sec extends february process allowing exceptions limitations medically necessary therapy caps sec amends medicare medicaid schip benefits improvement protection act extend february exception payment rule permits laboratories receive direct medicare reimbursement providing technical component certain physician pathology services certain rural hospitals sec amends ssa title xviii extend bonus increased payments ground ambulance services march amends medicare_improvements_for_patients_and_providers_act extend payment certain urban air ambulance services february extends increased payments super rural ambulance services march sec amends extend physician fee schedule mental health add payment provision february sec extends february hold harmless provisions prospective payment system pps hospital outpatient department opd services sec extends minimum payment bone mass measurement months sec amends ssa title xix medicaid extend program february specified allocations sec extends tma program february sec amends temporary assistance needy families tanf ssa title extend tanf program february title mortgage fees sec amends housing_and_community_development_act require director federal_housing_finance_agency fhfa require government sponsored enterprise gse federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac charge guarantee fee connection guarantee timely payment principal interest securities notes obligations based backed mortgages residential real properties designed principally occupancy families requires fhfa director prohibit gse offer guarantee lender mortgage backed securities guarantee inconsistent requirements act risk loss allowed increase lowering underwriting standards means primary purpose meeting requirements act requires direct deposit treasury amounts received fee increases imposed act necessary comply minimum increase required act requires director require gse annual report describe changes fees annual fees guarantee fees negotiated lenders changes new borrowers compared previous origination years book years adjustments required improve future origination years book years order complete compliance guarantee fee requirements assess changes guarantee fees met requirements title sec amends national housing act respect requirements mortgage secured family dwelling obligation mutual_mortgage_insurance_fund directs secretary housing_and_urban_development hud addition required authorized premiums establish collect fy2021 annual premium payments basis points remaining insured principal balance mortgage secretary collects annual premium remaining insured principal balance title provisions subtitle sec directs president acting secretary state grant permit keystone_xl pipeline project application filed september waives requirement president determines keystone pipeline serve national interest requires president case report certain congressional committees officials justification determination including consideration economic employment energy security foreign policy trade environmental factors declares permit pipeline shall effect operation law days following enactment act president fails determine keystone pipeline serve national interest grant permit subtitle budgetary provisions sec amends congressional_budget_act order senate consider bill resolution amendment motion conference report includes emergency designation permits waiver suspension prohibition successful appeals ruling chair affirmative vote fifths senate sec prohibits budgetary effects act entered paygo scorecard maintained pursuant statutory pay act


Summary: Health Freedom for Seniors Act - Amends the Internal Revenue Code to allow tax-free transfers of required distributions after age 70 1/2 from an individual retirement account (IRA) and other tax-exempt retirement accounts to a health savings account.  Exempts such transfers from the excise tax on excess contributions to tax-favored accounts and annuities.

health freedom seniors act amends internal revenue code allow tax free transfers required distributions age individual retirement account ira tax exempt retirement accounts health savings account exempts transfers excise tax excess contributions tax favored accounts annuities


Summary: Allows a current or former employee of a commercial passenger airline who receives a payment of any money or other property payable by an airline pursuant to a court order filed in a bankruptcy case after September 11, 2001, and before January 1, 2007 (airline payment amount), to: (1) make a tax-free rollover of such amount to a traditional individual retirement account (IRA) within 180 days of receipt (or within 180 days of the enactment of this Act, if later); and (2) transfer, without tax penalty, an airline payment amount contributed to a Roth IRA to a traditional IRA if such transfer is made within 180 days after the enactment of this Act. Excludes from the gross income of an airline employee amounts transferred to a traditional IRA under this Act. Imposes a limit on the aggregate amount transferrable to a traditional IRA.

allows current employee commercial passenger airline receives payment money property payable airline pursuant court order filed bankruptcy case september january airline payment tax free rollover traditional individual retirement account ira days receipt days enactment act later transfer tax penalty airline payment contributed roth ira traditional ira transfer days enactment act excludes gross income airline employee amounts transferred traditional ira act imposes limit aggregate traditional ira


Summary: Automatic IRA Act of 2012 - Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation; (2) require the Secretary of the Treasury to provide employers with a model notice for notifying employees of their opportunity to participate in such an arrangement and to provide participants with an annual statement setting forth arrangement payments, earnings, value, and other specified information; (3) impose a penalty on employers who fail to provide eligible employees access to such an arrangement; (4) establish an Automatic IRA Advisory Group to make recommendations regarding investment options; and (5) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing an automatic IRA arrangement. Requires the Secretary and the Secretary of Labor to jointly conduct feasibility studies on extending spousal consent requirements to automatic IRAs, promoting the use of low-cost lifetime income arrangements, and using investment data to notify individuals with multiple small balance retirement accounts of consolidation options.

automatic ira act amends internal revenue code require certain employers maintain qualifying retirement plans arrangements available eligible employees payroll deposit individual retirement account ira arrangement automatic ira arrangement grants employees right opt participation require secretary treasury provide employers model notice notifying employees opportunity participate arrangement provide participants annual statement setting forth arrangement payments earnings value specified information impose penalty employers fail provide eligible employees access arrangement establish automatic ira advisory group recommendations investment options allow employers employees tax credit costs associated establishing automatic ira arrangement requires secretary secretary labor jointly conduct feasibility studies extending spousal consent requirements automatic iras promoting use low cost lifetime income arrangements investment data notify individuals multiple small balance retirement accounts consolidation options


Summary: Retirement Plan Simplification and Enhancement Act of 2012 - Amends the Internal Revenue Code to repeal the 10% cap on the qualified percentage of an employee's compensation as the standard for an employer's contribution to an automatic cash or deferred contribution arrangement under the alternative method for meeting nondiscrimination requirements. Authorizes regulations to increase the qualified percentage. Revises the period of service requirements for a qualified cash or deferred arrangement to cover long-term part-time employees working at least 3 consecutive 12-month periods during each of which the employee has at least 500 hours of service. Requires separate application of the rules for a top-heavy defined benefit plan (whose the present value of the accrued benefits [PVAB] for the highly-paid key employees exceeds 60% of the PVAB for all employees) to any defined contribution plan covering part-time employees who do not meet age and service requirements. Increases from $500 to $1,500 the dollar limitation on the small employer pension plan startup cost tax credit for each of the first three credit years. Directs the Secretaries of the Treasury and of Labor to prescribe administrative guidance establishing conditions allowing the use of a multiple employer plan. Directs the Government Accountability Office (GAO) to study the feasibility and desirability of extending the application of spousal consent requirements to defined contribution plans to which they do not currently apply. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to authorize an employee benefit plan to allow a named fiduciary, or a fiduciary designated by a named fiduciary, to appoint an annuity administrator for an individual account plan. Directs the Secretary of the Treasury to issue final regulations stating that any specified age or service condition (or combination of such conditions) with respect to a lifetime income investment under a defined contribution plan shall be disregarded in determining whether the lifetime income investment is currently available for distribution to the employee. Amends the Code to allow an Individual Retirement Account (IRA) to be invested in a life insurance contract rolled over to an IRA from a qualified retirement plan if the contract provides only incidental death benefits. Declares that a trust forming part of a defined contribution plan shall not be treated as failing to constitute a qualified trust solely by reason of allowing after a certain date as portable lifetime income options: (1) qualified distributions of a lifetime income investment, or (2) distributions of a lifetime income investment in the form of a qualified plan distribution annuity contract. Exempts from mandatory minimum plan distributions an employee whose aggregate retirement savings do not exceed $100,000. Amends ERISA to require the furnishing by paper, website, or other electronic communication of any pension plan documents or materials that must be furnished to a plan participant, beneficiary, or other individual. Directs the Secretary of the Treasury to modify the Employee Plans Compliance Resolution System to correct plan loan, minimum distribution, and other errors. Amends the Code to allow matching contributions or nonelective contributions (safe harbor contributions) to satisfy certain requirements even though they are funded in whole or in part by forfeitures. Amends ERISA to specify the meaning of a substantial cessation of operations by an employer with respect to liability for termination of single-employer plans under a distress termination or a termination by a corporation. Amends the Code to declare that an organization otherwise eligible to participate in a church plan shall not be aggregated with another such organization and treated as a single employer with it unless: (1) one organization provides directly or indirectly at least 80% of the operating funds for the other one during the recipient's preceding tax year, and (2) there is a degree of common management or supervision between the organizations. Revises the prohibition against discrimination in favor of highly compensated employees by contributions or benefits provided under qualified pension, profit-sharing, and stock bonus plans. Extends certain protections to older, longer service participants. Requires the Secretary of Labor, the Secretary of the Treasury, and the Pension Benefit Guaranty Corporation (PBGC) to review and report to the appropriate congressional committees on the reporting and disclosure requirements of ERISA applicable to pension plans and of the Code applicable to qualified retirement plans. Directs the Secretaries of Labor and of the Treasury to adopt final regulations allowing, but not requiring, a plan to consolidate into a single notice two or more of the notices required by ERISA, the Code, and related regulations.

retirement plan simplification enhancement act amends internal revenue code repeal cap qualified percentage employee compensation standard employer contribution automatic cash deferred contribution arrangement alternative method meeting nondiscrimination requirements authorizes regulations increase qualified percentage revises period service requirements qualified cash deferred arrangement cover long term time employees working consecutive month periods employee hours service requires separate application rules heavy defined benefit plan present value accrued benefits highly paid key employees exceeds employees defined contribution plan covering time employees meet age service requirements increases dollar limitation small employer pension plan startup cost tax credit credit years directs secretaries treasury labor prescribe administrative guidance establishing conditions allowing use multiple employer plan directs government_accountability_office gao study feasibility desirability extending application spousal consent requirements defined contribution plans currently apply amends employee retirement income security act erisa authorize employee benefit plan allow named fiduciary fiduciary designated named fiduciary appoint annuity administrator individual account plan directs secretary treasury issue final regulations stating specified age service condition combination conditions respect lifetime income investment defined contribution plan shall disregarded determining lifetime income investment currently available distribution employee amends code allow individual retirement account ira invested life insurance contract rolled ira qualified retirement plan contract provides incidental death benefits declares trust forming defined contribution plan shall treated failing constitute qualified trust solely reason allowing certain date portable lifetime income options qualified distributions lifetime income investment distributions lifetime income investment form qualified plan distribution annuity contract exempts mandatory minimum plan distributions employee aggregate retirement savings exceed amends erisa require furnishing paper website electronic communication pension plan documents materials furnished plan participant beneficiary individual directs secretary treasury modify employee plans compliance resolution system correct plan loan minimum distribution errors amends code allow matching contributions nonelective contributions safe harbor contributions satisfy certain requirements funded forfeitures amends erisa specify meaning substantial cessation operations employer respect liability termination single employer plans distress termination termination corporation amends code declare organization eligible participate church plan shall aggregated organization treated single employer organization provides directly indirectly operating funds recipient preceding tax year degree common management supervision organizations revises prohibition discrimination favor highly compensated employees contributions benefits provided qualified pension profit sharing stock bonus plans extends certain protections older longer service participants requires secretary labor secretary treasury pension_benefit_guaranty_corporation pbgc review report appropriate congressional committees reporting disclosure requirements erisa applicable pension plans code applicable qualified retirement plans directs secretaries labor treasury adopt final regulations allowing requiring plan consolidate single notice notices required erisa code related regulations


Summary: Fair Playing Field Act of 2012 - Amends the Internal Revenue Code, with respect to the classification of workers for employment tax purposes, to: (1) repeal the prohibition against issuance of regulations and guidance by the Secretary of the Treasury on workers' employment tax status (i.e., as an employee or as an independent contractor) enacted by the Revenue Act of 1978; (2) direct the Secretary to issue regulations and other guidance to clarify the proper employment status of workers for employment tax purposes; (3) prohibit a retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, and before a specified reclassification date for worker misclassifications, unless the taxpayer had no reasonable basis for not treating a worker as an employee; (4) require taxpayers who hire independent contractors on a regular and ongoing basis to provide such contractors with notice of their federal tax obligations, the labor and employment law protections that do not apply to them, and their right to seek a status determination from the Internal Revenue Service (IRS); and (5) eliminate reduced penalty provisions for failure to withhold income taxes for taxpayers who lack a reasonable basis for treating a worker as other than an employee (i.e., as an independent contractor). Provides that for purposes of determining whether a registered representative of a securities broker-dealer is an employee for employment tax purposes, no weight shall be given to instructions from a service recipient which are imposed only in compliance with investor protection standards. Makes this rule applicable to services performed by a broker-dealer after December 31, 1997.

fair playing field act amends internal revenue code respect classification workers employment tax purposes repeal prohibition issuance regulations guidance secretary treasury workers employment tax status employee independent contractor enacted revenue act direct secretary issue regulations guidance clarify proper employment status workers employment tax purposes prohibit retroactive assessment employment tax respect certain skilled workers tax periods december specified reclassification date worker misclassifications taxpayer reasonable basis treating worker employee require taxpayers hire independent contractors regular ongoing basis provide contractors notice federal tax obligations labor employment law protections apply right seek status determination internal_revenue_service irs eliminate reduced penalty provisions failure withhold income taxes taxpayers lack reasonable basis treating worker employee independent contractor provides purposes determining registered representative securities broker dealer employee employment tax purposes weight shall given instructions service recipient imposed compliance investor protection standards makes rule applicable services performed broker dealer december