PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 107-147.
Congressional Research Service
Version 00 · Introduced in House · Oct 11, 2001
Economic Security and Recovery Act of 2001 - Amends the Internal Revenue Code to provide temporary (extensions for one or two years or provisions applicable only to events occurring after September 10, 2001, and before a certain date) and permanent tax relief for both individuals and businesses, including: (1) allowing additional specified depreciation for qualified property; (2) increased expensing; (3) repealing the alternative minimum tax on corporations; (4) extending the net operating loss carry back period; (5) accelerating the 25 percent individual income tax rate effective date; (6) repealing the five year holding requirement for reduced individual capital gains rates; (7) increasing the deduction for capital losses of individual taxpayers; (8) expanding the penalty free withdrawal exception for IRA distributions used for health insurance of unemployed individuals; (9) extending the period during which nonrefundable personal credits are allowed against regular and alternative minimum tax liability; (10) extending the credits for qualified electric vehicles, electricity produced from renewable resources, work opportunity, and welfare-to-work; and (11) provisions concerning the deduction for clean fuel vehicles and certain refueling property, qualified zone academy bonds, parity in the application of certain limits to mental health benefits, Archer medical savings accounts, and the subpart F (Controlled Foreign Corporations) exemption for active financing.Provides for a supplemental rebate.Provides for the transfer of specified Federal unemployment account amounts to State unemployment accounts.Amends title XX (Block Grants to States for Social Services) of the Social Security Act to increase funding for FY 2002.
People & committees
Rep. Thomas, William M. [R-CA-21] · R–CA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 107-147.
Became Public Law No: 107-147.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Senate agreed to House amendment to Senate amendment by Yea-Nay Vote. 85 - 9. Record Vote Number: 44.
Senate roll call 44 · Individual votesResolving differences -- Senate actions: Senate agreed to House amendment to Senate amendment by Yea-Nay Vote. 85 - 9. Record Vote Number: 44.
Senate roll call 44 · Individual votesConsidered by Senate. (consideration: CR S1689-1692)
Considered by Senate. (consideration: CR S1659-1671)
Message on House action received in Senate and at desk: House amendment to Senate amendment.
Motion to reconsider laid on the table Agreed to without objection.
On motion that the House agree with an amendment to the Senate amendment Agreed to by the Yeas and Nays: 417 - 3 (Roll no. 52). (consideration: CR H744-767; text as House agreed to Senate amendment: CR H744-757)
House roll call 52 · Individual votesResolving differences -- House actions: On motion that the House agree with an amendment to the Senate amendment Agreed to by the Yeas and Nays: 417 - 3 (Roll no. 52).(consideration: CR H744-767; text as House agreed to Senate amendment: CR H744-757)
House roll call 52 · Individual votesThe previous question was ordered pursuant to the rule.
DEBATE - Pursuant to H.Res. 360 the House proceeded with one hour of debate on the motion to agree to the Senate amendment to H.R. 3090 with an amendment.
Pursuant to the provisions of H. Res. 360, the House moved to agree with an amendment to the Senate amendment.
Rule H. Res. 360 passed House.
Rules Committee Resolution H. Res. 360 Reported to House. It shall be in order to take from the Speaker's table the bill H.R. 3090 with the Senate amendment thereto, and to consider in the House a motion to agree to the Senate amendment, with a further amendment. The motion shall be debatable for one hour, equally divided and controlled.
Message on Senate action sent to the House.
Passed Senate with an amendment by Voice Vote.
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Considered by Senate. By Unanimous Consent. (consideration: CR S841-842)
The committee substitute and title amendment were withdrawn by Unanimous Consent.
Considered by Senate. (consideration: CR S11744-11783)
Measure laid before Senate by unanimous consent. (consideration: CR S11678-11708; text of measure as reported in Senate: CR S11678-11696)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.
Committee on Finance. Reported by Senator Baucus with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Committee on Finance. Reported by Senator Baucus with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.
Received in the Senate and Read twice and referred to the Committee on Finance.
On passage Passed by the Yeas and Nays: 216 - 214 (Roll no. 404). (text: CR H7242-7247)
House roll call 404 · Individual votesMotion to reconsider laid on the table Agreed to without objection.
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 216 - 214 (Roll no. 404).(text: CR H7242-7247)
House roll call 404 · Individual votesOn motion to recommit with instructions Failed by recorded vote: 199 - 230 (Roll no. 403). (text: CR H7280)
House roll call 403 · Individual votesThe previous question on the motion to recommit with instructions was ordered without objection.
Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion require that the bill be reported back to the House with amendments that: 1) reduce the tax cut provisions of the bill in an amount equal to the expense of financing short and long-term efforts to combat terrorism; 2) provide that the legislation is temporary and is fully offset in the Internal Revenue Code over the next ten years, such that the long-term deficit and national debt are not increased; and 3) provide assistance to workers who lost their jobs and health insurance coverage, and to businesses affected by the economic circumstances following the occurrences of September 11, 2001.
Mr. Turner moved to recommit with instructions to Ways and Means.
DEBATE - Pursuant to the provisions of H. Res. 270, the House proceeded with one hour of debate on the Rangel amendment in the nature of a substitute.
Rule H. Res. 270 passed House.
DEBATE - The House proceeded with one hour of debate on H.R. 3090.
Rule provides for consideration of H.R. 3090 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. All points of order against the bill, as amended, are waived. Measure will be considered read. A specified amendment is in order.
Considered under the provisions of rule H. Res. 270. (consideration: CR H7236-7283; text as reported in House: CR H7236-7242)
Rules Committee Resolution H. Res. 270 Reported to House. Rule provides for consideration of H.R. 3090 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. All points of order against the bill, as amended, are waived. Measure will be considered read. A specified amendment is in order.
Placed on the Union Calendar, Calendar No. 153.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-251.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-251.
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 14.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Feb 10, 2026. Consult Congress.gov for the current record.
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