In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Example Input: SECTION 1. CONGRESSIONAL FINDINGS.

    The Congress makes the following findings:
            (1) The People's Liberation Army is the principal 
        instrument of repression within the People's Republic of China, 
        responsible for occupying Tibet since 1950, massacring hundreds 
        of students and demonstrators for democracy in Tiananmen Square 
        on June 4, 1989, and running the Laogai (``reform through 
        labor'') slave labor camps.
            (2) The People's Liberation Army is engaged in a massive 
        military buildup, which has involved a doubling since 1992 of 
        announced official figures for military spending by the 
        People's Republic of China.
            (3) The People's Liberation Army is engaging in a major 
        ballistic missile modernization program which could undermine 
        peace and stability in East Asia, including 2 new 
        intercontinental missile programs, 1 submarine-launched missile 
        program, a new class of compact but long-range cruise missiles, 
        and an upgrading of medium- and short-range ballistic missiles.
            (4) The People's Liberation Army is working to coproduce 
        the SU-27 fighter with Russia, and is in the process of 
        purchasing several substantial weapons systems from Russia, 
        including the 633 model of the Kilo-class submarine and the SS-
        N-22 Sunburn missile system specifically designed to 
        incapacitate United States aircraft carriers and Aegis 
        cruisers.
            (5) The People's Liberation Army has carried out acts of 
        aggression in the South China Sea, including the February 1995 
        seizure of the Mischief Reef in the Spratley Islands, which is 
        claimed by the Philippines.
            (6) In July 1995 and in March 1996, the People's Liberation 
        Army conducted missile tests to intimidate Taiwan when Taiwan 
        held historic free elections, and those tests effectively 
        blockaded Taiwan's 2 principal ports of Keelung and Kaohsiung.
            (7) The People's Liberation Army has contributed to the 
        proliferation of technologies relevant to the refinement of 
        weapons-grade nuclear material, including transferring ring 
        magnets to Pakistan.
            (8) The People's Liberation Army and associated defense 
        companies have provided ballistic missile components, cruise 
        missiles, and chemical weapons ingredients to Iran, a country 
        that the executive branch has repeatedly reported to Congress 
        is the greatest sponsor of terrorism in the world.
            (9) In May 1996, United States authorities caught the 
        People's Liberation Army enterprise Poly Technologies and the 
        civilian defense industrial company Norinco attempting to 
        smuggle 2,000 AK-47s into Oakland, California, and offering to 
        sell urban gangs shoulder-held missile launchers capable of 
        ``taking out a 747'' (which the affidavit of the United States 
        Customs Service of May 21, 1996, indicated that the 
        representative of Poly Technologies and Norinco claimed), and 
        Communist Chinese authorities punished only 4 low-level arms 
        merchants by sentencing them on May 17, 1997, to brief prison 
        terms.
            (10) The People's Liberation Army contributes to the 
        People's Republic of China's failure to meet the standards of 
        the 1995 Memorandum of Understanding with the United States on 
        intellectual property rights by running factories which pirate 
        videos, compact discs, and computer software that are products 
        of the United States.
            (11) The People's Liberation Army contributes to the 
        People's Republic of China's failing to meet the standards of 
        the February 1997 Memorandum of Understanding with the United 
        States on textiles by operating enterprises engaged in the 
        transshipment of textile products to the United States through 
        third countries.
            (12) The estimated $2 billion to $3 billion in annual 
        earnings of People's Liberation Army enterprises subsidize the 
        expansion and activities of the People's Liberation Army 
        described in this subsection.
            (13) The commercial activities of the People's Liberation 
        Army are frequently conducted on noncommercial terms, or for 
        noncommercial purposes such as military or foreign policy 
        considerations.

SEC. 2. APPLICATION OF AUTHORITIES UNDER THE INTERNATIONAL EMERGENCY 
              ECONOMIC POWERS ACT TO CHINESE MILITARY COMPANIES.

    (a) Determination of Communist Chinese Military Companies.--
            (1) In general.--Subject to paragraphs (2) and (3), not 
        later than 90 days after the date of the enactment of this Act, 
        the Secretary of Defense, in consultation with the Attorney 
        General, the Director of Central Intelligence, and the Director 
        of the Federal Bureau of Investigation, shall compile a list of 
        persons who are Communist Chinese military companies and who 
        are operating directly or indirectly in the United States or 
        any of its territories and possessions, and shall publish the 
        list of such persons in the Federal Register. On an ongoing 
        basis, the Secretary of Defense, in consultation with the 
        Attorney General, the Director of Central Intelligence, and the 
        Director of the Federal Bureau of Investigation, shall make 
        additions or deletions to the list based on the latest 
        information available.
            (2) Communist chinese military company.--For purposes of 
        making the determination required by paragraph (1), the term 
        ``Communist Chinese military company''--
                    (A) means a person that is--
                            (i) engaged in providing commercial 
                        services, manufacturing, producing, or 
                        exporting, and
                            (ii) owned or controlled by the People's 
                        Liberation Army, and
                    (B) includes, but is not limited to, any person 
                identified in the United States Defense Intelligence 
                Agency publication numbered VP-1920-271-90, dated 
                September 1990, or PC-1921-57-95, dated October 1995, 
                and any update of such reports for the purposes of this 
                Act.
    (b) Presidential Authority.--
            (1) Authority.--The President may exercise the authorities 
        set forth in section 203(a) of the International Emergency 
        Economic Powers Act (50 U.S.C. 1702(a)) with respect to any 
        commercial activity in the United States by a Communist Chinese 
        military company (except with respect to authorities relating 
        to importation), without regard to section 202 of that Act.
            (2) Penalties.--The penalties set forth in section 206 of 
        the International Emergency Economic Powers Act (50 U.S.C. 
        1705) shall apply to violations of any license, order, or 
        regulation issued under paragraph (1).

SEC. 3. DEFINITION.

    For purposes of this Act, the term ``People's Liberation Army'' 
means the land, naval, and air military services, the police, and the 
intelligence services of the Communist Government of the People's 
Republic of China, and any member of any such service or of such 
police.

            Passed the House of Representatives November 7, 1997.

            Attest:

                                                ROBIN H. CARLE,

                                                                 Clerk.
Example Output: Directs the Secretary of Defense to list, and publish in the Federal Register, persons who are Communist Chinese military companies operating directly or indirectly in the United States or any of its territories and possessions.  Authorizes the President to exercise authorities under the International Emergency Economic Powers Act (except those relating to importation) to regulate, prohibit, or penalize certain transactions involving foreign currency, transfers of credit, or property with respect to any activities of such companies in the United States.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Standardization of Collegiate 
Oversight of Revenues and Expenditures Act'' or ``SCORE Act''.

SEC. 2. REPORTING BY INSTITUTIONS OF HIGHER EDUCATION ON ATHLETIC 
              REVENUE AND EXPENSES.

    Section 485(g) of the Higher Education Act of 1965 (20 U.S.C. 
1092(g)) is amended--
            (1) in paragraph (1), by adding at the end the following:
                    ``(K) The amount of revenue generated by each of 
                the following categories, disaggregated by each sports 
                team, if applicable:
                            ``(i) Ticket sales.
                            ``(ii) Student fees.
                            ``(iii) Distributions from any other 
                        intercollegiate athletic association, 
                        conference, or tournament.
                            ``(iv) Appearance guarantees and options.
                            ``(v) Contributions from alumni and others.
                            ``(vi) Compensation and benefits provided 
                        by third-party support.
                            ``(vii) Concessions, programs, novelties, 
                        and parking.
                            ``(viii) Broadcast and media rights, 
                        reported separately for television, radio, 
                        internet, and print.
                            ``(ix) Royalties, advertising, and 
                        sponsorship.
                            ``(x) Sports camps.
                            ``(xi) Endowment and investment income, 
                        reported separately for each source of such 
                        income.
                            ``(xii) Direct institutional support.
                            ``(xiii) Indirect institutional support for 
                        facilities, services, and administrative 
                        support.
                            ``(xiv) Direct government support, reported 
                        separately by State government, local 
                        government, Federal Government.
                    ``(L) The expenses attributable to each of the 
                following categories, disaggregated by each sports 
                team, as applicable:
                            ``(i) Grants-in-aid.
                            ``(ii) Guarantees and options.
                            ``(iii) Total salaries and benefits, and 
                        salaries and benefits paid by the institution 
                        and by third parties, respectively, to head 
                        coaches, to assistant coaches, and for 
                        administrative salaries.
                            ``(iv) Severance pay.
                            ``(v) Team travel.
                            ``(vi) Recruiting.
                            ``(vii) Equipment, uniforms, and supplies.
                            ``(viii) Fundraising.
                            ``(ix) Marketing and promotion.
                            ``(x) Game expenses.
                            ``(xi) Medical.
                            ``(xii) Membership dues.
                            ``(xiii) Sports camps.
                            ``(xiv) Spirit groups.
                            ``(xv) Transfers to the institution.
                            ``(xvi) Debt service payments.
                            ``(xvii) Athletic facility maintenance and 
                        rental.
                            ``(xviii) Indirect facilities and 
                        administrative support.
                            ``(xix) Education and general expenses of 
                        the institution--
                                    ``(I) including instruction, 
                                research, public service, academic 
                                support, student services, 
                                instructional support, and scholarships 
                                and fellowships; and
                                    ``(II) which do not include 
                                expenses with respect to auxiliary 
                                enterprises, hospitals, or independent 
                                operations.'';
            (2) in paragraph (5)--
                    (A) by striking ``the term'' and inserting the 
                following:
                    ``(A) the term'';
                    (B) by striking the period at the end inserting ``; 
                and''; and
                    (C) by adding at the end the following:
                    ``(B) the terms listed in each of the categories 
                under subparagraphs (K) through (L) of paragraph (1) 
                shall be defined by the Secretary by regulation, 
                developed in consultation with the Secretary of the 
                Treasury and the task force described in paragraph 
                (6)(A), and such definitions shall be updated in 
                accordance with paragraph (6)(B).''; and
            (3) by adding at the end the following:
            ``(6) Task force; definition updates.--
                    ``(A) Task force.--The Secretary shall appoint a 
                task force of nonprofit and higher education accounting 
                experts, professionals, and organizations representing 
                each of the following:
                            ``(i) Institutions of higher education that 
                        are members of division I of National 
                        Collegiate Athletic Association.
                            ``(ii) Institutions of higher education 
                        that are members of division II of National 
                        Collegiate Athletic Association.
                            ``(iii) Institutions of higher education 
                        that are members of division III of National 
                        Collegiate Athletic Association.
                    ``(B) Updating definitions.--The Secretary, on a 
                biannual basis and in consultation with the task force 
                described in subparagraph (A), shall review each 
                definition under paragraph (5)(B) and, if necessary, 
                update such definition in accordance with generally 
                accepted accounting principles or significant changes 
                in the national system of intercollegiate athletics.
            ``(7) Special rule.--An institution of higher education 
        that submits the information described in subparagraphs (K) 
        through (L) of paragraph (1) to an intercollegiate athletic 
        association for an academic year, and such information is 
        verified by an independent audit and certified by chancellor of 
        the institution, may, in lieu of submitting such information 
        under paragraph (1), request such association to directly 
        submit such information to the Secretary on behalf of the 
        institution for such academic year.''.

SEC. 3. PROGRAM REQUIREMENTS.

    Section 487(a) of the Higher Education Act of 1965 (20 U.S.C. 
1094(a)) is amended by adding at the end the following:
            ``(30)(A) An institution will not be a member of any 
        intercollegiate athletic association or participate in any 
        national intercollegiate athletics competition organized by any 
        person, unless such association or person reports, on an annual 
        basis, to the Secretary the following, disaggregated by sport, 
        athletic event, or contract, as applicable:
                            ``(i) Total generated revenue and amount of 
                        revenue generated by each of the following 
                        categories:
                                    ``(I) Total ticket sales.
                                    ``(II) Distributions from other 
                                intercollegiate athletic organization 
                                or person.
                                    ``(III) Cash contributions.
                                    ``(IV) Dues and other assessments 
                                from member institutions of higher 
                                education.
                                    ``(V) Third-party support.
                                    ``(VI) Merchandise.
                                    ``(VII) Concessions, programs, and 
                                novelties.
                                    ``(VIII) Broadcast and media 
                                rights, reported separately for 
                                television, radio, internet, and print.
                                    ``(IX) Endowment and investment 
                                income, reported separately for each 
                                source of such income.
                                    ``(X) Other corporate sponsorship.
                                    ``(XI) Royalties, advertising, and 
                                sponsorship.
                                    ``(XII) Net assets.
                                    ``(XIII) Direct government support, 
                                reported separately by State 
                                government, local government, or 
                                Federal Government.
                                    ``(XIV) Any other category 
                                determined appropriate by the 
                                Secretary.
                            ``(ii) Amount of expenses attributable to 
                        each of the following categories:
                                    ``(I) Disbursements to institutions 
                                of higher educations, athletic 
                                conferences, or other persons.
                                    ``(II) Salaries and benefits.
                                    ``(III) Severance pay.
                                    ``(IV) Equipment, uniforms, and 
                                supplies.
                                    ``(V) Fundraising.
                                    ``(VI) Marketing and promotion.
                                    ``(VII) Game expenses.
                                    ``(VIII) Medical.
                                    ``(IX) Facility construction.
                                    ``(X) Facility maintenance and 
                                rental.
                                    ``(XI) Capital investment.
                                    ``(XII) Debt service payments.
                                    ``(XIII) Charitable donations.
                                    ``(XIV) Any other category 
                                determined appropriate by the 
                                Secretary.
                            ``(iii) Executive compensation schedules.
                    ``(B) The Secretary shall--
                            ``(i) define by regulation, developed in 
                        consultation with the Secretary of the Treasury 
                        and the task force described in section 
                        485(g)(6)(A), the terms listed in each of the 
                        categories under subparagraphs (A); and
                            ``(ii) on a biannual basis and in 
                        consultation with such task force, review each 
                        definition under clause (i) and, if necessary, 
                        update such definition in accordance with 
                        generally accepted accounting principles or 
                        significant changes in the national system of 
                        intercollegiate athletics.''.
Example Output: Standardization of Collegiate Oversight of Revenues and Expenditures Act or the SCORE Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require each coeducational institution of higher education (IHE) that is participating in a title IV program and has an intercollegiate athletic program to include in its annual report on its intercollegiate athletic program: (1) the amount of revenue generated by each item on a list of categorized sources, disaggregated by each sports team; and (2) the expenses attributable to each item on a list of categorized activities or obligations, disaggregated by each sports team. Prohibits an IHE from being a member of any intercollegiate athletic association or participating in any national intercollegiate athletics competition organized by any person, unless such association or person annually reports and disaggregates by sport, athletic event, or contract, as applicable: (1) the total generated revenue and amount of revenue generated by each item on a list of categorized sources, (2) the amount of expenses attributable to each item on a list of categorized activities or obligations, and (3) executive compensation schedules. Directs the Secretary of Education to: (1) define the categories of information that must be reported pursuant to this Act; and (2) biannually review and, as necessary, update each definition in accordance with generally accepted accounting principles or significant changes in the national system of intercollegiate athletics.  Directs the Secretary to appoint a task force, made up of representatives from division I, II, and III schools in the National Collegiate Athletic Association (NCAA), with which the Secretary is to consult in defining or redefining each category.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Research and 
Competitiveness Act of 2015''.

SEC. 2. RESEARCH CREDIT SIMPLIFIED AND MADE PERMANENT.

    (a) In General.--Section 41(a) of the Internal Revenue Code of 1986 
is amended to read as follows:
    ``(a) In General.--For purposes of section 38, the research credit 
determined under this section for the taxable year shall be an amount 
equal to the sum of--
            ``(1) 20 percent of so much of the qualified research 
        expenses for the taxable year as exceeds 50 percent of the 
        average qualified research expenses for the 3 taxable years 
        preceding the taxable year for which the credit is being 
        determined,
            ``(2) 20 percent of so much of the basic research payments 
        for the taxable year as exceeds 50 percent of the average basic 
        research payments for the 3 taxable years preceding the taxable 
        year for which the credit is being determined, plus
            ``(3) 20 percent of the amounts paid or incurred by the 
        taxpayer in carrying on any trade or business of the taxpayer 
        during the taxable year (including as contributions) to an 
        energy research consortium for energy research.''.
    (b) Repeal of Termination.--Section 41 of such Code is amended by 
striking subsection (h).
    (c) Credit Allowed Against Alternative Minimum Tax in Case of 
Eligible Small Business.--Section 38(c)(4)(B) of such Code is amended 
by redesignating clauses (ii) through (ix) as clauses (iii) through 
(x), respectively, and by inserting after clause (i) the following new 
clause:
                            ``(ii) the credit determined under section 
                        41 for the taxable year with respect to an 
                        eligible small business (as defined in 
                        paragraph (5)(C), after application of rules 
                        similar to the rules of paragraph (5)(D)),''.
    (d) Conforming Amendments.--
            (1) Section 41(c) of such Code is amended to read as 
        follows:
    ``(c) Determination of Average Research Expenses for Prior Years.--
            ``(1) Special rule in case of no qualified research 
        expenditures in any of 3 preceding taxable years.--In any case 
        in which the taxpayer has no qualified research expenses in any 
        one of the 3 taxable years preceding the taxable year for which 
        the credit is being determined, the amount determined under 
        subsection (a)(1) for such taxable year shall be equal to 10 
        percent of the qualified research expenses for the taxable 
        year.
            ``(2) Consistent treatment of expenses.--
                    ``(A) In general.--Notwithstanding whether the 
                period for filing a claim for credit or refund has 
                expired for any taxable year taken into account in 
                determining the average qualified research expenses, or 
                average basic research payments, taken into account 
                under subsection (a), the qualified research expenses 
                and basic research payments taken into account in 
                determining such averages shall be determined on a 
                basis consistent with the determination of qualified 
                research expenses and basic research payments, 
                respectively, for the credit year.
                    ``(B) Prevention of distortions.--The Secretary may 
                prescribe regulations to prevent distortions in 
                calculating a taxpayer's qualified research expenses or 
                basic research payments caused by a change in 
                accounting methods used by such taxpayer between the 
                current year and a year taken into account in 
                determining the average qualified research expenses or 
                average basic research payments taken into account 
                under subsection (a).''.
            (2) Section 41(e) of such Code is amended--
                    (A) by striking all that precedes paragraph (6) and 
                inserting the following:
    ``(e) Basic Research Payments.--For purposes of this section--
            ``(1) In general.--The term `basic research payment' means, 
        with respect to any taxable year, any amount paid in cash 
        during such taxable year by a corporation to any qualified 
        organization for basic research but only if--
                    ``(A) such payment is pursuant to a written 
                agreement between such corporation and such qualified 
                organization, and
                    ``(B) such basic research is to be performed by 
                such qualified organization.
            ``(2) Exception to requirement that research be performed 
        by the organization.--In the case of a qualified organization 
        described in subparagraph (C) or (D) of paragraph (3), 
        subparagraph (B) of paragraph (1) shall not apply.'',
                    (B) by redesignating paragraphs (6) and (7) as 
                paragraphs (3) and (4), respectively, and
                    (C) in paragraph (4), as so redesignated, by 
                striking subparagraphs (B) and (C) and by redesignating 
                subparagraphs (D) and (E) as subparagraphs (B) and (C), 
                respectively.
            (3) Section 41(f)(3) of such Code is amended--
                    (A)(i) by striking ``, and the gross receipts'' in 
                subparagraph (A)(i) and all that follows through 
                ``determined under clause (iii)'',
                    (ii) by striking clause (iii) of subparagraph (A) 
                and redesignating clauses (iv), (v), and (vi), thereof, 
                as clauses (iii), (iv), and (v), respectively,
                    (iii) by striking ``and (iv)'' each place it 
                appears in subparagraph (A)(iv) (as so redesignated) 
                and inserting ``and (iii)'',
                    (iv) by striking subclause (IV) of subparagraph 
                (A)(iv) (as so redesignated), by striking ``, and'' at 
                the end of subparagraph (A)(iv)(III) (as so 
                redesignated) and inserting a period, and by adding 
                ``and'' at the end of subparagraph (A)(iv)(II) (as so 
                redesignated),
                    (v) by striking ``(A)(vi)'' in subparagraph (B) and 
                inserting ``(A)(v)'',
                    (vi) by striking ``(A)(iv)(II)'' in subparagraph 
                (B)(i)(II) and inserting ``(A)(iii)(II)'',
                    (B) by striking ``, and the gross receipts of the 
                predecessor,'' in subparagraph (A)(iv)(II) (as so 
                redesignated),
                    (C) by striking ``, and the gross receipts of,'' in 
                subparagraph (B),
                    (D) by striking ``, or gross receipts of,'' in 
                subparagraph (B)(i)(I), and
                    (E) by striking subparagraph (C) and inserting the 
                following new subparagraph:
                    ``(C) Adjustments for basic research payments.--In 
                the case of basic research payments, rules similar to 
                the rules of subparagraph (A) and (B) shall apply.''.
            (4) Section 41(f)(4) of such Code is amended by striking 
        ``and gross receipts'' and inserting ``and basic research 
        payments''.
            (5) Section 45C(b)(1) of such Code is amended by striking 
        subparagraph (D).
            (6) Section 45C(c)(2) of such Code is amended--
                    (A) by striking ``base period research expenses'' 
                and inserting ``average qualified research expenses'', 
                and
                    (B) by striking ``base period research expenses'' 
                in the heading and inserting ``average qualified 
                research expenses''.
            (7) Section 280C(c) of such Code is amended--
                    (A) by striking ``basic research expenses (as 
                defined in section 41(e)(2))'' in paragraph (1) and 
                inserting ``basic research payments (as defined in 
                section 41(e)(1))'', and
                    (B) by striking ``basic research expenses'' in 
                paragraph (2)(B) and inserting ``basic research 
                payments''.
    (e) Effective Date.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall apply to taxable years 
        beginning after December 31, 2014.
            (2) Subsection (b).--The amendment made by subsection (b) 
        shall apply to amounts paid or incurred after December 31, 
        2014.

SEC. 3. BUDGETARY EFFECTS.

    The budgetary effects of this Act shall not be entered on either 
PAYGO scorecard maintained pursuant to section 4(d) of the Statutory 
Pay-As-You-Go Act of 2010.

            Passed the House of Representatives May 20, 2015.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.
Example Output:
American Research and Competitiveness Act of 2015 (Sec. 2) This bill revises and makes permanent after 2014 the research tax credit. The rate of such credit is modified to equal the sum of 20% of so much of the qualified research expenses for the taxable year as exceeds 50% of the average qualified research expenses for the three preceding taxable years, 20% of so much of the basic research payments for the taxable year as exceeds 50% of the average basic research payments for the three preceding taxable years, plus 20% of amounts paid by a business taxpayer to an energy research consortium for energy research. If a taxpayer has no qualified research expenses in any of the three preceding taxable years, the rate of the tax credit is reduced to 10% of current research expenses. The bill also provides that in the case of an eligible small business (i.e., a corporation whose stock is not publicly traded, a partnership, or a sole proprietorship with annual gross receipts not exceeding $50 million in a three-year period), the research credit may offset alternative minimum tax liability. (Sec. 3) The bill prohibits the entry of the budgetary effects of this Act on either PAYCO scorecard under the Statutory Pay-As-You-Go Act of 2010.