; table of contents. Sec. 2. Definitions. TITLE I—Prohibition of Federal Government bailouts Sec. 101. Prohibition of Federal Government bailouts. TITLE II—Designation of Economic Freedom Zones (EFZ) Sec. 201. Eligibility requirements for Economic Freedom Zone status. Sec. 202. Application and duration of designation. TITLE III—Federal tax incentives Sec. 301. Tax incentives related to Economic Freedom Zones. TITLE IV—Federal regulatory reductions Sec. 401. Suspension of certain laws and regulations. TITLE V—Educational enhancements Sec. 501. Educational opportunity tax credit. Sec. 502. School choice through portability. Sec. 503. Special Economic Freedom Zone visas. Sec. 504. Economic Freedom Zone educational savings accounts. TITLE VI—Community assistance and rebuilding Sec. 601. Nonapplication of Davis-Bacon. Sec. 602. Economic Freedom Zone charitable tax credit. 2. Definitions In this Act: (1) City The term city means any unit of general local government that is classified as a municipality by the United States Census Bureau, or is a town or township as determined jointly by the Director of the Office of Management and Budget and the Secretary. (2) County The term county means any unit of local general government that is classified as a county by the United States Census Bureau. (3) Eligible entity The term eligible entity means a municipality or a zip code. (4) Municipality The term municipality has the meaning given that term in section 101(40) of title 11, United States Code. (5) Secretary The term Secretary means the Secretary of the Treasury. (6) Zip code The term zip code means any area or region associated with or covered by a United States Postal zip code of not less than 5 digits. I Prohibition of Federal Government bailouts 101. Prohibition of Federal Government bailouts (a) Definitions In this section— (1) the term credit rating has the meaning given that term in section 3(a)(60) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(60) )