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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 111TH CONGRESS "!REPORT 1st Session SENATE 111–13 R E P O R T ON THE ACTIVITIES OF THE COMMITTEE ON FINANCE OF THE UNITED STATES SENATE DURING THE 110TH CONGRESS PURSUANT TO Rule XXVI of the Standing Rules OF THE UNITED STATES SENATE MARCH 31, 2009.—Ordered to be printed U.S. GOVERNMENT PRINTING OFFICE 79–010 WASHINGTON : 2009 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) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00001 Fmt 5012 Sfmt 5012 79010.000 SFIN1 PsN: SFIN1 [110TH CONGRESS—COMMITTEE MEMBERSHIP] COMMITTEE ON FINANCE MAX BAUCUS, Montana, Chairman JOHN D. ROCKEFELLER IV, West Virginia CHUCK GRASSLEY, Iowa KENT CONRAD, North Dakota ORRIN G. HATCH, Utah JEFF BINGAMAN, New Mexico TRENT LOTT, Mississippi1 JOHN F. KERRY, Massachusetts OLYMPIA J. SNOWE, Maine BLANCHE L. LINCOLN, Arkansas JON KYL, Arizona RON WYDEN, Oregon CRAIG THOMAS, Wyoming2 CHARLES E. SCHUMER, New York GORDON SMITH, Oregon DEBBIE STABENOW, Michigan JIM BUNNING, Kentucky MARIA CANTWELL, Washington MIKE CRAPO, Idaho KEN SALAZAR, Colorado PAT ROBERTS, Kansas JOHN ENSIGN, Nevada3 JOHN E. SUNUNU, New Hampshire4 RUSSELL SULLIVAN, Staff Director KOLAN DAVIS, Republican Staff Director and Chief Counsel SUBCOMMITTEES HEALTH CARE JOHN D. ROCKEFELLER IV, West Virginia, Chairman JOHN F. KERRY, Massachusetts ORRIN G. HATCH, Utah JEFF BINGAMAN, New Mexico CHUCK GRASSLEY, Iowa BLANCHE L. LINCOLN, Arkansas OLYMPIA J. SNOWE, Maine RON WYDEN, Oregon JON KYL, Arizona DEBBIE STABENOW, Michigan PAT ROBERTS, Kansas MARIA CANTWELL, Washington JIM BUNNING, Kentucky KEN SALAZAR, Colorado JOHN ENSIGN, Nevada3 TAXATION, IRS OVERSIGHT, AND LONG-TERM GROWTH KENT CONRAD, North Dakota, Chairman MAX BAUCUS, Montana JON KYL, Arizona RON WYDEN, Oregon TRENT LOTT, Mississippi1 MARIA CANTWELL, Washington PAT ROBERTS, Kansas CHARLES E. SCHUMER, New York JOHN E. SUNUNU, New Hampshire4 DEBBIE STABENOW, Michigan OLYMPIA J. SNOWE, Maine KEN SALAZAR, Colorado MIKE CRAPO, Idaho ORRIN G. HATCH, Utah (II) VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00002 Fmt 0486 Sfmt 0486 79010.000 SFIN1 PsN: SFIN1 ENERGY, NATURAL RESOURCES, AND INFRASTRUCTURE JEFF BINGAMAN, New Mexico, Chairman KENT CONRAD, North Dakota JIM BUNNING, Kentucky JOHN F. KERRY, Massachusetts GORDON SMITH, Oregon BLANCHE L. LINCOLN, Arkansas ORRIN G. HATCH, Utah RON WYDEN, Oregon TRENT LOTT, Mississippi1 MARIA CANTWELL, Washington MIKE CRAPO, Idaho KEN SALAZAR, Colorado JOHN ENSIGN, Nevada3 JOHN E. SUNUNU, New Hampshire4 SOCIAL SECURITY, PENSIONS, AND FAMILY POLICY JOHN F. KERRY, Massachusetts, Chairman JOHN D. ROCKEFELLER IV, West Virginia JOHN ENSIGN, Nevada3 KENT CONRAD, North Dakota TRENT LOTT, Mississippi1 CHARLES E. SCHUMER, New York JON KYL, Arizona JOHN E. SUNUNU, New Hampshire4 INTERNATIONAL TRADE AND GLOBAL COMPETITIVENESS BLANCHE L. LINCOLN, Arkansas, Chairman MAX BAUCUS, Montana GORDON SMITH, Oregon JOHN D. ROCKEFELLER IV, West Virginia MIKE CRAPO, Idaho JEFF BINGAMAN, New Mexico OLYMPIA J. SNOWE, Maine DEBBIE STABENOW, Michigan PAT ROBERTS, Kansas CHARLES E. SCHUMER, New York JIM BUNNING, Kentucky ————— 1 Resigned from the Senate December 18, 2007. 2 Died June 4, 2007. 3 Joined committee July 10, 2007. 4 Joined committee January 24, 2008. (III) VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00003 Fmt 0486 Sfmt 0486 79010.000 SFIN1 PsN: SFIN1 VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00004 Fmt 0486 Sfmt 0486 79010.000 SFIN1 PsN: SFIN1 LETTER OF TRANSMITTAL U.S. SENATE, COMMITTEE ON FINANCE, Washington, DC, March 31, 2009. Hon. NANCY ERICKSON, Secretary, U.S. Senate, Washington, DC. DEAR MS. ERICKSON: 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 110th Congress. Sincerely, MAX BAUCUS, Chairman. (V) VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00005 Fmt 6601 Sfmt 6621 79010.000 SFIN1 PsN: SFIN1 VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00006 Fmt 6601 Sfmt 6621 79010.000 SFIN1 PsN: SFIN1 C O N T E N T S Page 110th Congress—Committee Membership ............................................................. ii Letter of Transmittal ............................................................................................... v Committee Jurisdiction ........................................................................................... 1 Rules of Procedure ................................................................................................... 2 Tax—Summary of Activities ................................................................................... 5 Committee Hearings and Member Meetings .................................................. 6 Full Committee Executive Meetings ............................................................... 17 Trade—Summary of Activities ................................................................................ 19 Full Committee Hearings ................................................................................ 22 Full Committee Executive Meetings ............................................................... 25 Full Committee Member Meetings ................................................................. 26 Health—Summary of Activities .............................................................................. 29 Hearings and Meetings .................................................................................... 32 Summits and Conferences ............................................................................... 37 Full Committee Field Hearings ....................................................................... 37 Subcommittee on Health Care ........................................................................ 38 Social Security—Summary of Activities ................................................................ 39 Full Committee Hearings ................................................................................ 39 Subcommittee on Social Security and Family Policy ..................................... 41 Oversight and Investigations—Summary of Activities ......................................... 43 Overview ............................................................................................................ 43 Hearings ............................................................................................................ 44 The Cayman Islands and Offshore Tax Issues .............................................. 46 Legislative Action by Senate Finance Committee on Offshore Tax Eva- sion ................................................................................................................. 46 Legislation ......................................................................................................... 47 Active Oversight Initiatives ............................................................................. 50 Special IG for the TARP Program ........................................................... 50 Centers for Disease Control ...................................................................... 51 Centers for Medicare and Medicaid Services .......................................... 51 Department of Health and Human Services ........................................... 55 Federal Bureau of Investigation .............................................................. 56 Food and Drug Administration ................................................................ 60 National Institutes of Health ................................................................... 64 Pharmaceuticals and Devices ................................................................... 65 Miscellaneous ............................................................................................. 67 Monitored Oversight Initiatives ...................................................................... 70 Federal Bureau of Investigation .............................................................. 70 Centers for Medicare and Medicaid Services .......................................... 71 Department of Health and Human Services ........................................... 72 Food and Drug Administration ................................................................ 72 Nominations ............................................................................................................. 75 Bills and Resolutions Referred to the Committee ................................................. 85 Reports, Prints, and Studies ................................................................................... 87 Official Communications ......................................................................................... 89 (VII) VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00007 Fmt 6659 Sfmt 0486 79010.000 SFIN1 PsN: SFIN1 VerDate 11-MAY-2000 09:57 Apr 02, 2009 Jkt 000000 PO 00000 Frm 00008 Fmt 6659 Sfmt 0486 79010.000 SFIN1 PsN: SFIN1 111TH CONGRESS REPORT "! 1st Session SENATE 111–13 REPORT ON THE ACTIVITIES OF THE COMMITTEE ON FINANCE DURING THE 110TH CONGRESS MARCH 31, 2009.—Ordered to be printed Mr. BAUCUS, from the Committee on Finance, submitted the following REPORT This report reviews the legislative
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