SUMMARY AS OF:
3/28/2001--Introduced.
Comprehensive Fiscal Responsibility and Accountability Act of 2001 - Amends
title XVIII (Medicare) of the Social Security Act (SSA) to provide for increased
medical reviews and anti-fraud activities under the Medicare Integrity Program.
Authorizes appropriations for carrying out, and expanding nationwide, the
Health Care Anti-Fraud, Waste and Abuse Community Volunteer Demonstration
Projects (Medicare Senior Waste Patrol).
Amends the Balanced Budget Act of 1997 and SSA title XVIII with respect to
application of inherent reasonableness to all Medicare part B services other
than physicians' services. Repeals the prohibition against application by the
Secretary of Health and Human Services of factors that would increase or
decrease the payment under Medicare part B during any year for any particular
item or service by more than 15 percent from such payment during the preceding
year.
Directs the Secretary to require Medicare carriers, in processing claims
under Medicare part B, to use commercial claims auditing systems to identify
billing errors and abuses.
Provides for: (1) canceling the F-22 aircraft, Comanche helicopter, Crusader
artillery, and V-22 aircraft programs; (2) limiting the procurement of Virginia
class attack submarines and the appropriation of increased funds for the
National Missile Defense program; (3) terminating production of Trident D5
missiles, procurement of additional C-130 aircraft, and provision of new
assistance under the Foreign Military Financing Program; (4) reducing U.S.
nuclear delivery systems to START II limits, the ratio of enlisted-to-officer
armed forces personnel, and the Central Intelligence Agency budget; and (5)
restricting or suspending selective service requirements.
Prohibits the Department of Energy from obligating further funding for: (1)
the Nuclear Energy Research Initiative; (2) the National Ignition Facility; (3)
Tokamak fusion reactors; and (4) research on diesel engines for cars and light
trucks.
Instructs the Secretary of Energy to adjust the Nuclear Waste Fund fee
annually for inflation.
Mandates a royalty of eight percent of the net smelter return from the
production of locatable minerals.
Prescribes requirements for the issuance of any Federal mining patent or mill
site claim after a certain date.
Mandates an annual claim maintenance fee of $100 per converted claim, and
$200 per located claim, which shall be credited against royalties.
Amends the Internal Revenue Code to: (1) terminate, after December 31, 2001,
the exclusion of extraterritorial income from gross income; (2) prohibit the
deduction of any "excessive compensation" (as defined); (3) prohibit the
deduction of tobacco advertising and promotional expenses; and (4) revise
provisions of Subchapter N (Tax Based On Income From Sources Within Or Without
the United States) concerning the source rules for personal property sales to
provide, as a general rule, for the exception of certain sales of inventory
property from such provisions.
Prohibits the National Aeronautics and Space Administration from obligating
any further funding for the International Space Station.
Prohibits: (1) the Overseas Private Investment Corporation from issuing any
contract of insurance or reinsurance, or any guaranty, or enter into any
agreement to provide financing; and (2) the Export-Import Bank of the United
States from providing any guarantee, insurance, or extension of credit, or
participating in any extension of credit, except pursuant to a commitment made
by it before enactment of this Act.
Abolishes the Trade and Development Agency.
Repeals: (1) the Television Broadcasting to Cuba and the Radio Broadcasting
to Cuba Acts; and (2) the United States International Broadcasting Act of 1994.
Directs the Secretaries of Defense and of Veterans Affairs to: (1) establish
a joint office for the procurement of pharmaceuticals for the Department of
Defense and the Department of Veterans Affairs; and (2) develop and implement
jointly a common clinically-based formulary for their respective pharmaceutical
programs.