중소 기업 어음은 앞으로 움직입니다!

HR 5297는 지난주 상원을 통과시켰습니다. 그것은 집안을 들게 될 것입 뼈도 이번 주 금요일 (9/24/10) 초부터 오바마 대통령에 의해 법률로 서명됩니다.

이것은 빌, 중소 기업을위한 경제 크다 물론 내 사업을하고 아무도 그것을 줍게 보인다.

그것은 정부가 일년 내내 행하신 최고의 선물이 언론에 의해 포착되지 않는 것이 놀랍습니다. 그래서 여기에 슈퍼 빠른 실행이 장점과 그들이 기업에게 어떤 의미 중 일부로 다운 ...

조금은 많아 여기에 말려들지 않을 것이라는 비즈니스 자산 등에 대한 추가 감가 상각에 관한 법률에-아웃을 개척. 모든 혜택의 전체 개요이 문서의 끝에 배치됩니다.

저는 중소 기업청과 상업 대출과 그들이 시장과 경제에 의미에 큰 변화 몇 가지를 확대해 봅니다.

75% ~ 90 %에서 SBA의 7A 대출에 보증의 증가

- 저게 무슨 뜻 : 대출 나쁜되면 정부는 SBA의 7A 대출에 대한 손실의 90 %를 보장합니다.

-이게 중요한 이유는 은행이 SBA의 7A 대출에 돈을 빌려 수 있고 그들의 총 손실 위험이 10 %로 났고요. 이것은 그들이 더 많은 대출을 승인할 가능성이 있습니다. 나 담보의 지원을 백퍼센트였다 예를 들어 시동 프랜차이즈 레스토랑 대출을 가지고 있지만 클라이언트가 전혀 경험이 없기 때문에, 아무도 대출을 바라는 것은 없다. 그들의 위험이 상당히 완화되기 때문에 이러한 변화를 통해, 나의 대출 기관 중 하나는 대출을 할 의향이있었습니다. 이 변경 사항은 자신의 승인이 가능하게하고 그것이 변화없이 오픈하지 않았을 20 이렇게 사람을 고용하는 다른 가게 될 것입니다!

2,000,000달러까지 5 백만 달러에서 7A 대출 및 150 만불에 5,500,000달러에서 504 대출 SBA 대출 제한을 늘립니다.

- 저게 무슨 뜻 : 대출의 크기와 SBA 프로그램을 할 수있는 그들의 수량을 증가. 많은 사람들이 깨닫지 못해요하지만 대부분 은행들은 SBA 융자 프로그램의 모든 밖에서 빌려주지 않습니다. 그러니까 소유자 점유 기업에 돈의 효과 가용성을 변경합니다. 예를 들어, 신용 대출이나 채무 통합 대출의 라인은 거의 SBA의 7A 프로그램에서 수행하지 않는 제외한 모든 가고있다. 프랜차이즈 신생 기업을위한 비즈니스 전용 대출도 마찬가지에요.

-이게 중요한 이유는 정말 크다. 이것은 하나의 변화는 50 억 달러 달러로 대출을 증가시키고 오직 자신의 추정에 의해 정부가 달러 천 6 백만 달러라 비용 추정된다. 그것은 큰 거래를 할 수 있습니다. 그러나 그것은 또한 더 많은 거래를 할 수 있습니다. 504 프로그램에, 그것은 넓은 창고 공간 등 필요한 큰 중소 기업들이 자금 조달에 더 접근할 수있게 할 수 있도록 1000 만달러 달러의 초과 대출을 허용합니다. 기업 전용 대출, SBA의 7A 프로그램에서 수행하지 않는 부동산이 관여하지 않습니다 어디 거의 더 이상 존재하지 않습니다. 한도, 2, 3 점포를 가지고 있지만 7A 대출 한도를 현재 3이나 4 이상을 열 수에 도청되는 성공적인 사업 소유자를 늘리면. 더 많은 상점과 중소 기업 오프닝보다 일자리와 기회를 의미합니다. 경제에 미치는 영향은 여기 엄청난 것입니다.

504 대출에 refinancing 수 있도록 프로그램 - 이것은 게임 체인저입니다.

- 그게 - 단순히 의미 뭐, 그 refinancing는 이제 지금까지 단 구매했던 504 프로그램을 할 수 있습니다

-이게 중요한 이유는 부동산의 조각을 소유하고 사업이 지금은 대출을 갚기 위해 그 건물의 가치의 90 %까지 refinance 수있는 등, 장비에서 부채를 통합 504 프로그램에 대한 혼합 가격에 낮은 5 %의 범위는 지금 - 여기는 등, 고용, 확대, 기업 소유주 그리고 마케팅에 배포할 수 있습니다 현금 흐름에 수천 달러를 무료로 최대 수백 엄청난 될 수 있습니다

SBA 수수료 면제 - 대출 금액의 일반적 2%는 이러한 수수료는 현재 연말까지 면제됩니다. 이것은 저렴이 대출을 할 수있게하고 대출의 수천을 저장합니다. 내 고객 중 하나는 닫는 비용 34,000달러 이상 구할 것이다!

그리고 훨씬 더 많죠. 이 법안은 오랫동안 정치적 파급 효과를 달성했으며 그것의 혜택은 앞으로 수년 동안 느낀 것입니다. 중소 기업이 나라의 중추이며 최대 자유롭게하여 신용 그들이 더 나은 운영하는 기업과 큰 기업이 자본에 액세스할 수있게함으로써, 비용을 통합하고 저장함으로써 그들에게 제공을, 우리는에서 일자리 증가를 볼 수 있습니다 매출하고, 궁극적으로 경제 인치

나로 말하자면 PS 후에 읽어 청구서에 무엇의 전체 레이아웃을 위해 내가 관한이 경제 성장의 엔진이다 이러한 노력하고 소규모 자영업 자에 대해 이러한 대출을 서면으로 정말 바쁘게 가야 해요!

조셉 P. Tufo 대통령

공인 현금 흐름 컨설턴트, 공인 자본 스페셜
현금 흐름 전문가, INC
사서함 844
알라모 CA 94507
925-691-8200 내 책상에 직접
800-669-2700 영업
206-984-2853 팩스
joe@joetufo.com
http://www.workingcapitalfast.com
http://www.joetufo.com/blog
우리는 당신이 재정 걸 도와 줄 게요 :
http://www.bit.ly/82XHOB

네트워킹 / 채팅 연락처 :
링크드 인 : jptufo
스카 이프 : jptufo
Google 토크 : joe@joetufo.com
트위터 : https://twitter.com/joetufo
페이 스북 : http://www.facebook.com/joetufo

Google 프로필 : http://www.google.com/profiles/jptufo

PS 내가 추천 수수료를 지불할 수 알았어? 사람 504 프로그램에 refinance하거나 구매를 돕기 위해 내가 당신에게 추천 당 25 bps를 지불할 수있는 동안 저를 참조하십시오. 그것이 종료되면 전형 $ 1mill 대출 규모에, 그 2,500달러입니다! 이름과 번호를 의뢰 해 주셔서 너무 초라한 안돼! 그들은 좋은 서비스를받을 것이며, 우리는 그들을 폐쇄해라! 그냥 좀 800-669-2700에 전화를 해 봐.

중소 기업 채용 정보 요약 행동

Summary of the Small Business Jobs ActAugust 5, 2010Provisions to Provide Access to Capital100% Exclusion of Small Business Capital Gains. Generally, non-corporate taxpayers may exclude 50 percent of the gain from the sale of certain small business stock acquired at original issue and held for more than five years. For stock acquired after February 17, 2009 and before January 1, 2011, the exclusion is increased to 75 percent. At the time of sale, however, 28% of the excluded gain will be treated as a tax preference item subject to the alternative minimum tax (AMT). Qualifying small business stock is from a C corporation whose gross assets do not exceed $50 million (including the proceeds received from the issuance of the stock) and who meets a specific active business requirement. The amount of gain eligible for the exclusion is limited to the greater of ten times the taxpayer's basis in the stock or $10 million of gain from stock in that corporation. This bill would temporarily increase further the amount of the exclusion to 100 percent of the gain from the sale of qualifying small business stock that is acquired after the date of enactment in 2010 and held for more than five years. Additionally, the bill eliminates the AMT preference item attributable for that sale. This provision is estimated to cost $518 million over ten years.General Business Credit Carried Back Five Years. Under current law, a business' unused general business credit may generally be carried back to offset taxes paid in the previous year, and the remaining amount may be carried forward for 20 years to offset future tax liabilities. This bill extends the one year carryback for general business credits to five years for certain small businesses. This applies to general business credits for those sole proprietorships, partnerships and non-publicly traded corporations with $50 million or less in average annual gross receipts for the prior three years. This provision is estimated to cost $107 million over ten years.General Business Credit Not Subject to AMT. Under the Alternative Minimum Tax (AMT), taxpayers may generally only claim allowable general business credits against their regular tax liability, and only to the extent that their regular tax liability exceeds their AMT liability. A few credits may be used to offset AMT liability, such as the credit for small business employee health insurance expense. This bill allows certain small businesses to use all types of general business credits against their AMT. This applies to general business credits for those sole proprietorships, partnerships and non-publicly traded corporations with $50 million or less in average annual gross receipts for the prior three years. This provision is estimated to cost $977 million over ten years.S Corp Holding Period. Generally, a C corporation converting to an S corporation must hold onto any appreciated assets for 10 years following its conversion or face a business-level tax imposed on the built-in gain at the highest corporate rate of 35 percent. This holding period is reduced where the 7th taxable year in the holding period preceded the taxable year beginning in 2009 or 2010. This bill temporarily shortens the holding period of assets subject to the built-in gains tax to 5 years if the 5th taxable year in the holding period precedes the taxable year beginning in 2011. This provision is estimated to cost $70 million over ten years.Increase Small Business Administration (SBA) Loan Limits. This provision increases 7(a) loan limits from $2 million to $5 million, 504 loans from $1.5 million to $5.5 million, and microloans from $35,000 to $50,000. It also increases the government guarantee on 7(a) loan limits, while providing the elimination of borrower fees on 7(a) and 504 loans through December 31, 2010. It increases the 7(a) Express Loans from $300,000 to $1 million to increase working capital to small businesses. The package also includes Intermediary Lending Pilot program, which allows the SBA to make direct loans to eligible nonprofit lending intermediaries, in turn allowing them to make loans to new or growing small businesses. SBA has estimated that the loan increase would increase lending to small businesses by $5 billion in the first year. This provision is estimated to cost $26 million over two years.Extend Elimination of Small Business Administration (SBA) Loan Fees. This provision extends the American Recovery and Reinvestment Act small business lending program that eliminates the fees normally charged for loans through the SBA 7(a) and 504 loan programs and increases the government guarantees on 7(a) loans from 75% to 90%. Since its creation, the program has supported over $26 billion in small business lending, which has helped to create or retain over 650,000 jobs. This provision was added in the substitute amendment introduced on July 21, 2010. This provision is estimated to cost $505 million over ten years.State Small Business Credit Initiative (SSBCI). The bill provides $1.5 billion in grants to States to support small business lending programs. States will apply for the funds to be used for approved programs that leverage private lenders to extend greater credit to small businesses and manufacturers. The program allows States to build upon successful models for state small business programs, including capital access, loan participation, collateral support, State-run venture capital, and credit guarantee programs. Funds are allocated to the States using formulas based on certain State employment and unemployment rate data. States have nine months to apply for the program. If the state does not apply, the largest municipalities of the states can apply. This provision was increased by $600 million in the substitute amendment introduced on July 21, 2010. This provision is estimated to cost $1.5 billion over ten years.Small Business Lending Fund. The bill authorizes the creation of the Small Business Lending Fund to provide Treasury with the ability to purchase preferred stock and other debt instruments from eligible financial institutions with less than $10 billion in total assets. Eligible institutions include insured depositories, bank and savings and loan holding companies, and certain community development loan funds. Eligible institutions with less than $1 billion in total assets can apply to receive investments of up to five percent of their risk-weighted assets. Eligible institutions between $1 billion and $10 billion in total assets can receive investments of up to three percent of risk-weighted assets. Participating institutions will pay a five percent dividend rate on the preferred stock, but this rate can be reduced to as low as one percent if a bank demonstrates a 10 percent increase in small business lending relative to a baseline set using the four quarters prior to enactment. The dividend rate is increased to seven percent after two years, if the bank does not increase its small business lending. To encourage timely repayment, the rate increases to nine percent after four and a half years. Treasury's authority to make capital investments under the program is terminated one year after the date of enactment. This provision was added in the substitute amendment introduced on July 27, 2010. This provision is estimated to raise $1.1 billion over ten years. Provisions to Encourage InvestmentIncrease of Section 179 Expensing and Expansion to Certain Real Property. Under current law, taxpayers may elect to write-off the costs of certain tangible personal property that is purchased for use in the active conduct of a trade or business in the year of acquisition in lieu of recovering these costs over time through depreciation. For the taxable year beginning in 2010, taxpayers may write-off up to $250,000 of these capital expenditures subject to a phase-out once these capital expenditures exceed $800,000. After 2010, the thresholds revert to $25,000 and $200,000, respectively. This bill would increase the thresholds to $500,000 and $2,000,000 for the taxable years beginning in 2010 and 2011. Within those thresholds, this bill would allow taxpayers to expense up to $250,000 of the cost of qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. This provision is estimated to cost $2.2 billion over ten years.Extension of Bonus Depreciation. Businesses are allowed to recover the cost of capital expenditures over time according to a depreciation schedule. Congress temporarily allowed businesses to recover the costs of certain capital expenditures made in 2008 and 2009 more quickly than under ordinary depreciation schedules by permitting those businesses to immediately write-off 50 percent of the cost of depreciable property placed in service in those years. This bill extends the additional, first-year 50percent depreciation for qualifying property purchased and placed in service in 2010. This provision is estimated to cost $5.5 billion over ten years.Special Rule for Long-Term Contract Accounting. This provision decouples bonus depreciation from allocation of contract costs under the percentage of completion accounting method rules for assets with a depreciable life of seven years or less in order to allow contractors that do not complete contracts within the same year in which they are entered into to benefit from bonus depreciation. This provision was added in the substitute amendment introduced on July 21, 2010. This provision is estimated to have no cost over ten years.Provisions to Promote EntrepreneurshipIncreased Deduction for Start-up Expenditures. Under current law, taxpayers may deduct up to $5,000 in trade or business start-up expenditures. The amount that a business may deduct is reduced by the amount by which start-up expenditures exceed $50,000. Start-up expenditures are defined as expenses paid or incurred in connection with investigating or creating an active trade or business, which would be deductible if paid or incurred in connection with the operation of an existing trade or business. For the taxable year beginning in 2010, this bill would temporarily increase the amount of start-up expenditures that may be deducted to $10,000 subject to a $60,000 phase-out threshold. This provision is estimated to cost $230 million over ten years.Small Business Export Promotion. The Office of the United States Trade Representative (USTR) plays an important role in promoting US exports, and recently increased its focus on small business export promotion in particular. USTR has done so in several respects, including the creation of the position of Assistant USTR for Small Business, Market Access, and Industrial Competitiveness within USTR. This official will help ensure that USTR's trade policy addresses the challenges facing smaller US exporters and promotes global export opportunities for them. The bill authorizes funds for USTR's market access and trade enforcement activities targeted at helping small business increase market access and ensure a level playing field on which to sell their US made goods. This provision has no cost associated with it.Export Promotion Act. The substitute would assist US small and mid-sized businesses that are looking to export their products but do not have the resources or know-how to find new international customers. First, it increases the activities and staffing of the Department of Commerce in carrying out its mission to promote US exports. Second, it authorizes increased funding for export grants available to industry associations and non-profit institutions. Finally, the amendment requires that decisions to fund manufacturing and innovation grants include exporting potential as one of the application considerations. The Department of Commerce's International Trade Administration historically has shown that for every $1 million dollars in appropriated funds, $56.6 million in exports are seen in return. This legislation is projected to support over 40,000 jobs once the funds are appropriated. This provision was added in the substitute amendment introduced on July 27, 2010. This change has no cost associated with it.Enhanced Small Business Trade Opportunities. This provision improves the SBA's trade and export finance programs and elevates the Office of International Trade within the SBA. It adds Export Finance Specialists to the SBA's trade counseling programs. It also establishes the State Export Promotion Grant Program (STEP), which would increase the number of small businesses that export. In addition, it improves coordination between federal and state agencies and SBA resource partners. This leverages more than $1 billion in export capitol for small businesses, which will create or save as many as 40,000 – 50,000 jobs in 2010. This provision is estimated to cost $58 million over two years.Improved Small Business Contracting. Removes the red tape and closes loopholes that too often put government work into the hands of multinational corporations instead of Main Street businesses. Increasing contracts to small businesses by just 2 percent can create more than 60,000 jobs. This legislation also provides for a periodic review of small business size standards to ensure that size indicators are consistent with inflation and industry growth of small businesses. It establishes accountability of large business prime contractors for prompt payment to small business subcontractors. This provision is estimated to cost $142 million over two years.Relief for Community Partners. This provision allows SBA to waive or reduce the non-federal share of its funding requirements for up to one year, through fiscal year 2012. It also gives relief to Women's Business Centers (WBCs) and microloan intermediaries, which provide assistance to underserved communities to start and grow small businesses. The SBA estimates that the microloan program will create or save more than 10,000 jobs in Fiscal Year 2011. This legislation also provides an additional $50 million for the Small Business Development Centers to provide technical assistance to small business owners and entrepreneurs. This provision is estimated to cost $50 million for one year.Provisions to Promote Small Business FairnessModify Section 6707A Penalty. The bill revises section 6707A of the Internal Revenue Code to make the penalty for failing to disclose a reportable transaction proportionate to the underlying tax savings. The penalty for failure to disclose reportable transactions to the IRS would be set at 75 percent of the tax benefit received. Reportable transactions are defined as investments in transactions that the IRS has identified as listed tax shelters or that have characteristics of tax shelters, including large losses or confidentiality agreements. The minimum penalty under this bill is $10,000 for corporations and $5,000 for individuals, and the maximum penalty is $200,000 for corporations and $100,000 for individuals. The bill also requires the IRS to provide an annual report to the Senate Finance Committee and to the House Ways and Means Committee giving an account of certain tax-shelter related penalties asserted during the year. This provision is estimated to cost $176 million over ten years.Deductibility of Health Insurance for the Purposes of Calculating Self-Employment Tax. Under current law, business owners are not permitted to deduct the cost of health insurance for themselves and their family members for purposes of calculating self-employment tax. This provision would allow business owners to deduct the cost of health insurance incurred in 2010 for themselves and their family members in the calculation of their 2010 self-employment tax. This provision is estimated to cost $1.9 billion over ten years.Enhancements to Small Business Contracting Parity Programs. This provision removes the priority one contracting program has over another, making clear that no single restricted competition program has priority over another. It places the small business contracting programs, HUBZone, 8(a), Service-Disabled Veterans and Women-Owned Businesses on a level playing field when competing for Federal contracts. This provision has no cost associated with it.Improvements to Disaster Recovery to Include Aquaculture. Currently, the SBA excludes aquaculture businesses from receiving SBA Economic Injury Disaster Loans (EIDL). This section would allow SBA, provided it does not duplicate other Federal disaster programs for that disaster, to make economic injury disaster loans to these businesses. This provision has no cost associated with it.Require Federal Agencies to Expand Their Assessments of Economic Effects on Small Businesses. This provision strengthens the Regulatory Flexibility Act by requiring agencies to respond to the SBA Chief Counsel of Advocacy's comments in the final rule. It also seeks more independence for the Office of Advocacy by mandating a separate line item in the SBA's annual budget. This provision has no cost associated with it.Remove Cellular Phones from “Listed Property.” This provision would “delist” cell phones so their cost can be deducted or depreciated like other business property, without onerous recordkeeping requirements. This provision was added in the substitute amendment introduced on July 21, 2010. This provision is estimated to cost $410 million over ten years.Offsets – Reducing the Tax GapRequire Information Reporting for Rental Property Expense Payments. The bill requires persons receiving rental income from real property to file information returns to the IRS and to service providers reporting payments of $600 or more during the year for rental property expenses. In general, there is an exception for individuals renting their principal residences, including active members of the military, from the reporting requirements. This provision is estimated to raise $2.5 billion over ten years.Increase Penalties for Failure to File Information Returns. The bill increases penalties for failure to timely file information returns to the IRS. The first-tier penalty is increased from $15 to $30, and the calendar year maximum is increased from $75,000 to $250,000. The second-tier penalty is increased from $30 to $60, and the calendar year maximum is increased from $150,000 to $500,000. The third-tier penalty is increased from $50 to $100, and the calendar year maximum is increased from $250,000 to $1.5 million. For small filers, the calendar year maximum is increased from $25,000 to $75,000 for the first-tier penalty, from $50,000 to $200,000 for the second-tier penalty, and from $100,000 to $500,000 for the third-tier penalty. The minimum penalty for each failure due to intentional disregard is increased from $100 to $250. The penalty amounts are adjusted every five years for inflation. Penalties for failure to file information returns to payees are similarly increased. This provision is estimated to raise $421 million over ten years.Application of Continuous Levy to Tax Liabilities of Certain Federal Contractors. Generally, before the IRS can issue a levy for an unpaid Federal tax liability, it must give the taxpayer an opportunity for a collection due process (CDP) hearing. Prior to the Federal government making disbursements to Federal contractors, an automated check for a Federal tax liability occurs. When such a liability is identified, the IRS issues a CDP notice to the contractor but cannot levy on payments to the contractor until the CDP requirements are complete. The bill allows IRS to issue levies prior to a CDP hearing on Federal tax liabilities of Federal contractors. It also provides the taxpayer with an opportunity for a CDP hearing within a reasonable time after a levy is issued. This provision is estimated to raise $1.1 billion over ten years.Offsets – Promoting Retirement PreparationAllow Participants in Governmental 457 Plans to Treat Elective Deferrals as Roth Contributions. Beginning in 2011, the bill would allow retirement savings plans sponsored by state and local governments (governmental 457(b) plans) to include Roth accounts, which are currently available only in 401(k) and 403(b) plans and will be available in the federal Thrift Savings Plan in 2011. Contributions to Roth accounts are made on an after-tax basis, but distributions of both principal and earnings are generally tax-free. This provision is estimated to raise $506 million over ten years.Allow Rollovers from Elective Deferral Plans to Roth Designated Accounts. The bill would allow 401(k), 403(b), and governmental 457(b) plans to permit participants to roll their pre-tax account balances into a Roth account. The amount of the rollover would be includible in taxable income except to the extent it is the return of after-tax contributions. If the rollover is made in 2010, the participant can elect to pay the tax in 2011 and 2012. Plans would be able to allow these rollovers immediately upon enactment. This provision is estimated to raise $5.1 billion over ten years.Permit Partial Annuitization of a Nonqualified Annuity Contract. The substitute would allow holders of nonqualified annuities (that is, annuity contracts held outside of a tax-qualified retirement plan or IRA) to elect to receive a portion of the contract in the form of a stream of annuity contracts, leaving the remainder of the contract to accumulate income on a tax-deferred basis. This provision was added in the substitute amendment introduced on July 21, 2010. This provision is estimated to raise $956 million over ten years.Offsets – Closing Unintended LoopholesCrude Tall Oil Ineligible for Cellulosic Biofuel Producer Credit. In 2008, Congress enacted a $1.01 per gallon tax credit for the production of biofuel from cellulosic feedstocks in order to encourage the development of new production capacity for biofuels that are not derived from food source materials. Some taxpayers are seeking to claim the cellulosic biofuel tax credit for processed fuels that are highly corrosive, such as crude tall oil (another waste by-product of the paper manufacturing process). The bill limits eligibility for the tax credit to fuels that are not highly corrosive (ie, fuels that could be used in a car engine or in a home heating application). This provision is estimated to raise $1.8 billion over ten years.Source Rules on Guarantees. Under current law, the treatment of guarantee fees under the source rules is unclear. If guarantee fees are sourced like services, they are sourced according to the location in which the services were performed. If the guarantee fees are sourced like interest, they are sourced by reference to the country of residence of the payor. A recent court case determined that guarantee fees should be sourced like services. Sourcing guarantee fees in a manner similar to services would permit US subsidiaries of foreign corporations to engage in earning stripping transactions by making deductible payments to foreign affiliates (thereby reducing their US income tax liability) without the imposition of US withholding tax on the payment. The substitute would provide that amounts received directly or indirectly for guarantees of indebtedness of the payor issued after the date of enactment will be sourced like interest and, as a result, if paid by US taxpayers to foreign persons will generally be subject to withholding tax. No inference is intended with respect to the treatment of guarantees issued before the date of enactment. This provision was added in the substitute amendment introduced on July 21, 2010. This provision is estimated to raise $2 billion over ten years. Other ProvisionsUse of Predictive Modeling and Other Analytics Technologies to Identify and Prevent Waste, Fraud and Abuse in the Medicare Fee-for Service Program. The bill would require the Secretary to contract with private companies to conduct predictive modeling and other analytics technologies to identify and prevent payment of improper claims submitted under Parts A and B of Medicare. The Secretary would be required to identify the ten states that have the highest risk of waste, fraud and abuse in the Medicare program, and for one year, predictive modeling and other analytics technologies would be used to identify and stop fraudulent claims in these states. After this initial year, the Inspector General of the Department of HHS (HHS OIG) would report to Congress on the actual savings to the Medicare fee-for-service during the preceding year, projected future savings to the program as a result of the use of these technologies, and the return on investments as a result of the predictive analytics technologies. The Secretary would be required to report to Congress on the effect, if any, the technologies have on Medicare beneficiaries and providers. If the HHS OIG certifies more than nominal savings from the use of the technology, its use would be expanded to ten additional states for another year. After the second year of use, the Secretary and the HHS OIG, would conduct a second analysis and certification. If this analysis and certification are positive, the technologies would be expanded to the Medicare fee-for-service program in every state for an additional year. Finally, after that additional year, a third analysis would be conducted, and if positive, the Secretary would expand the use of the technologies toMedicaid and the Children's Health Insurance Program (CHIP). If during any evaluation and certification, the HHS OIG does not certify savings, a moratorium would be imposed on the expansion of the technologies for one year. This provision was added in the substitute amendment introduced on July 27, 2010. This change increases the cost of the bill by $930 million over ten years.