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R E P O R T on the Activities Committee on Finance

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R E P O R T on the Activities Committee on Finance 1 108TH CONGRESS REPORT " ! 1st Session SENATE 108–31 R E P O R T ON THE ACTIVITIES OF THE COMMITTEE ON FINANCE OF THE UNITED STATES SENATE DURING THE 107TH CONGRESS PURSUANT TO Rule XXVI of the Standing Rules OF THE UNITED STATES SENATE MARCH 31, 2003.—Ordered to be printed U.S. GOVERNMENT PRINTING OFFICE 19–010—DTP WASHINGTON : 2003 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2250 Mail: Stop SSOP, Washington, DC 20402–0001 VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00001 Fmt 5012 Sfmt 5012 E:\HR\OC\SR031.XXX SR031 e:\seals\congress.#13 [107TH] COMMITTEE ON FINANCE CHARLES E. GRASSLEY, Iowa, Chairman ORRIN G. HATCH, Utah MAX BAUCUS, Montana FRANK H. MURKOWSKI, Alaska JOHN D. ROCKEFELLER IV, West Virginia DON NICKLES, Oklahoma TOM DASCHLE, South Dakota PHIL GRAMM, Texas JOHN BREAUX, Louisiana TRENT LOTT, Mississippi KENT CONRAD, North Dakota JAMES M. JEFFORDS, Vermont BOB GRAHAM, Florida FRED THOMPSON, Tennessee JEFF BINGAMAN, New Mexico OLYMPIA J. SNOWE, Maine JOHN F. KERRY, Massachusetts JON KYL, Arizona ROBERT G. TORRICELLI, New Jersey BLANCHE L. LINCOLN, Arkansas KOLAN DAVIS, Staff Director and Chief Counsel JOHN ANGELL, Democratic Staff Director SUBCOMMITTEE ON TAXATION AND IRS OVERSIGHT DON NICKLES, Oklahoma, Chairman TRENT LOTT, Mississippi KENT CONRAD, North Dakota ORRIN G. HATCH, Utah ROBERT G. TORRICELLI, New Jersey FRED THOMPSON, Tennessee JOHN BREAUX, Louisiana OLYMPIA J. SNOWE, Maine JEFF BINGAMAN, New Mexico FRANK H. MURKOWSKI, Alaska BLANCHE L. LINCOLN, Arkansas MAX BAUCUS, Montana SUBCOMMITTEE ON INTERNATIONAL TRADE ORRIN G. HATCH, Utah, Chairman CHARLES E. GRASSLEY, Iowa MAX BAUCUS, Montana FRED THOMPSON, Tennessee JOHN D. ROCKEFELLER IV, West Virginia FRANK H. MURKOWSKI, Alaska TOM DASCHLE, South Dakota PHIL GRAMM, Texas KENT CONRAD, North Dakota TRENT LOTT, Mississippi JOHN F. KERRY, Massachusetts JAMES M. JEFFORDS, Vermont BLANCHE L. LINCOLN, Arkansas OLYMPIA J. SNOWE, Maine BOB GRAHAM, Florida ROBERT G. TORRICELLI, New Jersey (II) VerDate Dec 13 2002 02:41 Apr 01, 2003 Jkt 019010 PO 00000 Frm 00002 Fmt 6646 Sfmt 6646 E:\HR\OC\SR031.XXX SR031 SUBCOMMITTEE ON SOCIAL SECURITY AND FAMILY POLICY JON KYL, Arizona, Chairman DON NICKLES, Oklahoma JOHN BREAUX, Louisiana TRENT LOTT, Mississippi JOHN D. ROCKEFELLER IV, West Virginia JAMES M. JEFFORDS, Vermont JEFF BINGAMAN, New Mexico PHIL GRAMM, Texas TOM DASCHLE, South Dakota JOHN F. KERRY, Massachusetts SUBCOMMITTEE ON HEALTH CARE OLYMPIA J. SNOWE, Maine, Chairwoman PHIL GRAMM, Texas JOHN D. ROCKEFELLER IV, West Virginia JAMES M. JEFFORDS, Vermont TOM DASCHLE, South Dakota CHARLES E. GRASSLEY, Iowa JEFF BINGAMAN, New Mexico JON KYL, Arizona JOHN F. KERRY, Massachusetts ORRIN G. HATCH, Utah ROBERT G. TORRICELLI, New Jersey DON NICKLES, Oklahoma BLANCHE L. LINCOLN, Arkansas FRED THOMPSON, Tennessee JOHN BREAUX, Louisiana BOB GRAHAM, Florida SUBCOMMITTEE ON LONG-TERM GROWTH AND DEBT REDUCTION FRANK H. MURKOWSKI, Alaska, Chairman CHARLES E. GRASSLEY, Iowa BOB GRAHAM, Florida JON KYL, Arizona MAX BAUCUS, Montana KENT CONRAD, North Dakota (III) VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00003 Fmt 6646 Sfmt 6646 E:\HR\OC\SR031.XXX SR031 [107TH]* COMMITTEE ON FINANCE MAX BAUCUS, Montana, Chairman JOHN D. ROCKEFELLER IV, West Virginia CHARLES E. GRASSLEY, Iowa TOM DASCHLE, South Dakota ORRIN G. HATCH, Utah JOHN BREAUX, Louisiana FRANK H. MURKOWSKI, Alaska KENT CONRAD, North Dakota DON NICKLES, Oklahoma BOB GRAHAM, Florida PHIL GRAMM, Texas JAMES M. JEFFORDS (I), Vermont TRENT LOTT, Mississippi JEFF BINGAMAN, New Mexico FRED THOMPSON, Tennessee JOHN F. KERRY, Massachusetts OLYMPIA J. SNOWE, Maine ROBERT G. TORRICELLI, New Jersey JON KYL, Arizona BLANCHE L. LINCOLN, Arkansas CRAIG THOMAS, Wyoming JOHN ANGELL, Staff Director KOLAN DAVIS, Republican Staff Director and Chief Counsel SUBCOMMITTEE ON TAXATION AND IRS OVERSIGHT KENT CONRAD, North Dakota, Chairman ROBERT G. TORRICELLI, New Jersey DON NICKLES, Oklahoma JOHN BREAUX, Louisiana TRENT LOTT, Mississippi JEFF BINGAMAN, New Mexico ORRIN G. HATCH, Utah BLANCHE L. LINCOLN, Arkansas FRED THOMPSON, Tennessee MAX BAUCUS, Montana OLYMPIA J. SNOWE, Maine JOHN D. ROCKEFELLER IV, West Virginia FRANK H. MURKOWSKI, Alaska SUBCOMMITTEE ON INTERNATIONAL TRADE MAX BAUCUS, Montana, Chairman JOHN D. ROCKEFELLER IV, West Virginia ORRIN G. HATCH, Utah TOM DASCHLE, South Dakota CHARLES E. GRASSLEY, Iowa KENT CONRAD, North Dakota FRED THOMPSON, Tennessee JOHN F. KERRY, Massachusetts FRANK H. MURKOWSKI, Alaska BLANCHE L. LINCOLN, Arkansas PHIL GRAMM, Texas BOB GRAHAM, Florida TRENT LOTT, Mississippi ROBERT G. TORRICELLI, New Jersey OLYMPIA J. SNOWE, Maine JAMES M. JEFFORDS (I), Vermont CRAIG THOMAS, Wyoming —————— * On June 6, 2001, the Democratic party assumed the majority membership of the Senate. The ranking Democrat on the committee, Senator Max Baucus of Montana, assumed the chairman- ship of the committee. (IV) VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00004 Fmt 6646 Sfmt 6621 E:\HR\OC\SR031.XXX SR031 SUBCOMMITTEE ON SOCIAL SECURITY AND FAMILY POLICY JOHN BREAUX, Louisiana, Chairman JOHN D. ROCKEFELLER IV, West Virginia JON KYL, Arizona JEFF BINGAMAN, New Mexico DON NICKLES, Oklahoma TOM DASCHLE, South Dakota TRENT LOTT, Mississippi JOHN F. KERRY, Massachusetts PHIL GRAMM, Texas JAMES M. JEFFORDS (I), Vermont CRAIG THOMAS, Wyoming SUBCOMMITTEE ON HEALTH CARE JOHN D. ROCKEFELLER IV, West Virginia, Chairman TOM DASCHLE, South Dakota OLYMPIA J. SNOWE, Maine JEFF BINGAMAN, New Mexico PHIL GRAMM, Texas JOHN F. KERRY, Massachusetts CHARLES E. GRASSLEY, Iowa ROBERT G. TORRICELLI, New Jersey JON KYL, Arizona BLANCHE L. LINCOLN, Arkansas ORRIN G. HATCH, Utah JOHN BREAUX, Louisiana DON NICKLES, Oklahoma BOB GRAHAM, Florida FRED THOMPSON, Tennessee JAMES M. JEFFORDS (I), Vermont CRAIG THOMAS, Wyoming SUBCOMMITTEE ON LONG-TERM GROWTH AND DEBT REDUCTION BOB GRAHAM, Florida, Chairman MAX BAUCUS, Montana FRANK H. MURKOWSKI, Alaska KENT CONRAD, North Dakota JON KYL, Arizona (V) VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00005 Fmt 6646 Sfmt 6646 E:\HR\OC\SR031.XXX SR031 [108TH] COMMITTEE ON FINANCE CHARLES E. GRASSLEY, Iowa, Chairman ORRIN G. HATCH, Utah MAX BAUCUS, Montana DON NICKLES, Oklahoma JOHN D. ROCKEFELLER IV, West Virginia TRENT LOTT, Mississippi TOM DASCHLE, South Dakota OLYMPIA J. SNOWE, Maine JOHN BREAUX, Louisiana JON KYL, Arizona KENT CONRAD, North Dakota CRAIG THOMAS, Wyoming BOB GRAHAM, Florida RICK SANTORUM, Pennsylvania JAMES M. JEFFORDS (I), Vermont BILL FRIST, Tennessee JEFF BINGAMAN, New Mexico GORDON SMITH, Oregon JOHN F. KERRY, Massachusetts JIM BUNNING, Kentucky BLANCHE L. LINCOLN, Arkansas KOLAN DAVIS, Staff Director and Chief Counsel JEFF FORBES, Democratic Staff Director SUBCOMMITTEE ON TAXATION AND IRS OVERSIGHT DON NICKLES, Oklahoma, Chairman ORRIN G. HATCH, Utah KENT CONRAD, North Dakota TRENT LOTT, Mississippi JEFF BINGAMAN, New Mexico OLYMPIA J. SNOWE, Maine BLANCHE L. LINCOLN, Arkansas CRAIG THOMAS, Wyoming JOHN BREAUX, Louisiana RICK SANTORUM, Pennsylvania MAX BAUCUS, Montana GORDON SMITH, Oregon JAMES M. JEFFORDS (I), Vermont SUBCOMMITTEE ON INTERNATIONAL TRADE CRAIG THOMAS, Wyoming, Chairman ORRIN G. HATCH, Utah MAX BAUCUS, Montana CHARLES E. GRASSLEY, Iowa JOHN D. ROCKEFELLER IV, West Virginia GORDON SMITH, Oregon KENT CONRAD, North Dakota OLYMPIA J. SNOWE, Maine BOB GRAHAM, Florida BILL FRIST, Tennessee JAMES M. JEFFORDS (I), Vermont TRENT LOTT, Mississippi TOM DASCHLE, South Dakota JIM BUNNING, Kentucky JOHN F. KERRY, Massachusetts (VI) VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00006 Fmt 6646 Sfmt 6646 E:\HR\OC\SR031.XXX SR031 SUBCOMMITTEE ON SOCIAL SECURITY AND FAMILY POLICY RICK SANTORUM, Pennsylvania, Chairman CHARLES E. GRASSLEY, Iowa JOHN BREAUX, Louisiana JON KYL, Arizona TOM DASCHLE, South Dakota JIM BUNNING, Kentucky JOHN F. KERRY, Massachusetts DON NICKLES, Oklahoma JOHN D. ROCKEFELLER IV, West Virginia OLYMPIA J. SNOWE, Maine JEFF BINGAMAN, New Mexico BILL FRIST, Tennessee BLANCHE L. LINCOLN, Arkansas SUBCOMMITTEE ON HEALTH CARE JON KYL, Arizona, Chairman OLYMPIA J. SNOWE, Maine JOHN D. ROCKEFELLER IV, West Virginia BILL FRIST, Tennessee TOM DASCHLE, South Dakota JIM BUNNING, Kentucky BOB GRAHAM, Florida DON NICKLES, Oklahoma JAMES M. JEFFORDS (I), Vermont CRAIG THOMAS, Wyoming JEFF BINGAMAN, New Mexico RICK SANTORUM, Pennsylvania JOHN F. KERRY, Massachusetts GORDON SMITH, Oregon BLANCHE L. LINCOLN, Arkansas ORRIN G. HATCH, Utah JOHN BREAUX, Louisiana TRENT LOTT, Mississippi MAX BAUCUS, Montana SUBCOMMITTEE ON LONG-TERM GROWTH AND DEBT REDUCTION GORDON SMITH, Oregon, Chairman TRENT LOTT, Mississippi BOB GRAHAM, Florida JOHN KYL, Arizona KENT CONRAD, North Dakota (VII) VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00007 Fmt 6646 Sfmt 6646 E:\HR\OC\SR031.XXX SR031 LETTER OF TRANSMITTAL U.S. SENATE, COMMITTEE ON FINANCE, Washington, DC, March 31, 2003. Hon. EMILY REYNOLDS, Secretary, U.S. Senate, Washington, DC. DEAR MS. REYNOLDS: In accordance with rule XXVI of the Stand- ing Rules of the United States Senate and the pertinent unanimous consent order pertaining to this rule, I am transmitting herewith a report on the activities of the Committee on Finance of the United States Senate for the 107th Congress. Sincerely, CHARLES E. GRASSLEY, Chairman. (VIII) VerDate Dec 13 2002 23:49 Mar 31, 2003 Jkt 019010 PO 00000 Frm 00008 Fmt 6646 Sfmt 6621 E:\HR\OC\SR031.XXX
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