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. SHORT TITLE.

    This Act may be cited as the ``Preserving Marginal Lands and 
Protecting Farming Act of 2013''.

SEC. 2. MAXIMUM ENROLLMENT.

    Section 1231(d) of the Food Security Act of 1985 (16 U.S.C. 
3831(d)) is amended to read as follows:
    ``(d) Maximum Enrollment.--The Secretary may maintain in the 
conservation reserve at any 1 time, not more than--
            ``(1) during fiscal year 2013, 29,000,000 acres;
            ``(2) during fiscal year 2014, 26,000,000 acres; and
            ``(3) during each of fiscal years 2015 through 2018, 
        24,000,000 acres.''.

SEC. 3. INELIGIBLE LAND.

    Section 1231 of the Food Security Act of 1985 (16 U.S.C. 3831) is 
amended by adding at the end the following new subsection:
    ``(j) Ineligible Land.--Notwithstanding any other provision of this 
section, after the date of enactment of this subsection, the Secretary 
may not enroll land in the conservation reserve that is classified as 
class I or class II land under the land capability classification 
system published in the National Soil Survey Handbook of the Natural 
Resources Conservation Service, unless such land is enrolled as a 
buffer, filterstrip, or strip adjacent to a riparian area.''.

SEC. 4. CONTRACT REQUIREMENTS.

    (a) Early Termination by Owner or Operator.--Section 1235(e) of the 
Food Security Act of 1985 (16 U.S.C. 3835(e)) is amended--
            (1) in paragraph (1)(A)--
                    (A) by striking ``The Secretary'' and inserting 
                ``During fiscal year 2014, the Secretary''; and
                    (B) by striking ``before January 1, 1995,'';
            (2) in paragraph (2), by striking subparagraph (C) and 
        inserting the following:
                    ``(C) Land devoted to hardwood trees.
                    ``(D) Wildlife habitat, duck nesting habitat, 
                pollinator habitat, upland bird habitat buffer, 
                wildlife food plots, State acres for wildlife 
                enhancement, shallow water areas for wildlife, and rare 
                and declining habitat.
                    ``(E) Farmable wetland and restored wetland.
                    ``(F) Land that contains diversions, erosion 
                control structures, flood control structures, contour 
                grass strips, living snow fences, salinity reducing 
                vegetation, cross wind trap strips, and sediment 
                retention structures.
                    ``(G) Land located within a federally-designated 
                wellhead protection area.
                    ``(H) Land that is covered by an easement under the 
                conservation reserve program.
                    ``(I) Land located within an average width, 
                according to the applicable Natural Resources 
                Conservation Service field office technical guide, of a 
                perennial stream or permanent water body.''; and
            (3) in paragraph (3), by striking ``60 days after the date 
        on which the owner or operator submits the notice required 
        under paragraph (1)(C)'' and inserting ``upon approval by the 
        Secretary''.
    (b) Transition Option for Certain Farmers or Ranchers.--Section 
1235(f) of the Food Security Act of 1985 (16 U.S.C. 3835(f)) is 
amended--
            (1) in paragraph (1)--
                    (A) in the matter preceding subparagraph (A), by 
                striking ``Duties'' and all that follows through ``a 
                beginning farmer'' and inserting ``Transition to 
                covered farmer or rancher.--In the case of a contract 
                modification approved in order to facilitate the 
                transfer of land subject to a contract from a retired 
                farmer or rancher to a beginning farmer'';
                    (B) in subparagraph (A)(i), by inserting ``, 
                including preparing to plant an agricultural crop'' 
                after ``improvements'';
                    (C) in subparagraph (D), by striking ``the farmer 
                or rancher'' and inserting ``the covered farmer or 
                rancher''; and
                    (D) in subparagraph (E), by striking ``section 
                1001A(b)(3)(B)'' and inserting ``section 1001(a)''; and
            (2) in paragraph (2), by striking ``requirement of section 
        1231(h)(4)(B)'' and inserting ``option pursuant to section 
        1231(h)''.
    (c) Final Year Contract.--Section 1235 of the Food Security Act of 
1985 (16 U.S.C. 3835) is amended by adding at the end the following new 
subsection:
    ``(g) Final Year of Contract.--The Secretary shall not consider an 
owner or operator to be in violation of a term or condition of the 
conservation reserve contract if--
            ``(1) during the year prior to expiration of the contract, 
        the land is enrolled in the conservation stewardship program; 
        and
            ``(2) the activity required under the conservation 
        stewardship program pursuant to such enrollment is consistent 
        with this subchapter.''.
Example Output: Preserving Marginal Lands and Protecting Farming Act of 2013 - Amends the Food Security Act of 1985 to set the maximum number of acres that may be enrolled at any one time in the conservation reserve program (CRP) at: (1) 29 million acres for FY2013, (2) 26 million acres for FY2014, and (3) 26 million acres for each of FY2015 through FY2018. Prohibits the enrollment of land in the conservation reserve that is classified as class I or class II land under the National Soil Survey Handbook's land capability classification system unless such land is enrolled as a buffer, filterstrip, or strip adjacent to a riparian area. Directs the Secretary of Agriculture (USDA), during FY2014, to permit a participant that entered into a CRP contract to terminate the contract at any time if the contract has been in effect for at least five years.  Revises the types of land that are not subject to early contract termination.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rural Physicians' Incentives Act of 
1993''.

SEC. 2. DEDUCTION FOR MEDICAL SCHOOL EDUCATION LOAN INTEREST INCURRED 
              BY DOCTORS SERVING IN MEDICALLY UNDERSERVED RURAL AREAS.

    (a) In General.--Paragraph (1) of section 163(h) of the Internal 
Revenue Code of 1986 (relating to disallowance of deduction for 
personal interest) is amended by striking ``and'' at the end of 
subparagraph (D), by redesignating subparagraph (E) as subparagraph 
(F), and by inserting after subparagraph (D) the following new 
subparagraph:
                    ``(E) any qualified medical education loan interest 
                (within the meaning of paragraph (5)), and''.
    (b) Qualified Medical Education Loan Interest Defined.--Subsection 
(h) of section 163 of such Code is amended by redesignating paragraph 
(5) as paragraph (6) and by inserting after paragraph (4) the following 
new paragraph:
            ``(5) Qualified medical education loan interest.--
                    ``(A) In general.--The term `qualified medical 
                education loan interest' means interest--
                            ``(i) which is on a medical education loan 
                        of a physician,
                            ``(ii) which is paid or accrued by such 
                        physician, and
                            ``(iii) which accrues during the period--
                                    ``(I) such physician is providing 
                                primary care (including internal 
                                medicine, pediatrics, obstetrics/
                                gynecology, family medicine, and 
                                osteopathy) to residents of a medically 
                                underserved rural area, and
                                    ``(II) such physician's principal 
                                place of abode is in such area.
                    ``(B) Medical education loan.--The term `medical 
                education loan' means indebtedness incurred to pay the 
                individual's--
                            ``(i) qualified tuition and related 
                        expenses (as defined in section 117(b)) 
                        incurred for the medical education of such 
                        individual, or
                            ``(ii) reasonable living expenses while 
                        away from home in order to attend an 
                        educational institution described in section 
                        170(b)(1)(A)(ii) for the medical education of 
                        such individual.
                    ``(C) Physician.--For purposes of subparagraph (A), 
                the term `physician' has the meaning given such term by 
                section 1861(r)(1) of the Social Security Act.
                    ``(D) Medically underserved rural area.--The term 
                `medically underserved rural area' means any rural area 
                which is a medically underserved area (as defined in 
                section 330(b) or 1302(7) of the Public Health Service 
                Act).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.

SEC. 3. ELIMINATION OF MEDICARE PAYMENT REDUCTIONS FOR NEW DOCTORS FOR 
              SERVICES FURNISHED IN ANY RURAL AREA.

    (a) In General.--Section 1848(a)(4) of the Social Security Act (42 
U.S.C. 1395w-4(a)(4)) is amended--
            (1) by striking ``or services'' and inserting ``, 
        services'', and
            (2) by inserting before the period at the end the 
        following: ``, or services furnished in a rural area (as so 
        defined) by (or under the supervision, or incidental to 
        services, of) a physician described in section 1861(r)(1)''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to services furnished after 1993.

SEC. 4. EXTENSION OF DEFERMENTS.

    (a) Stafford Loans.--
            (1) GSL loans.--Section 428(b)(1)(M) of the Higher 
        Education Act of 1965 (20 U.S.C. 1078(b)(1)(M)) is amended--
                    (A) by striking ``or'' at the end of clause (ii);
                    (B) by inserting ``or'' after the semicolon at the 
                end of clause (iii); and
                    (C) by adding at the end thereof the following new 
                clause:
                            ``(iv) during which the borrower is serving 
                        in an internship or residency program in 
                        preparation for practice in an area of primary 
                        care (including internal medicine, pediatrics, 
                        obstetrics/gynecology, family medicine, and 
                        osteopathy);''.
            (2) FISL loans.--Section 427(a)(2)(C) of such Act (20 
        U.S.C. 1077(a)(2)(C)) is amended--
                    (A) by striking ``or'' at the end of clause (ii);
                    (B) by inserting ``or'' after the semicolon at the 
                end of clause (iii); and
                    (C) by adding at the end thereof the following new 
                clause:
                            ``(iv) during which the borrower is serving 
                        in an internship or residency program in 
                        preparation for practice in an area of primary 
                        care (including internal medicine, pediatrics, 
                        obstetrics/gynecology, family medicine, and 
                        osteopathy);''.
    (b) Perkins Loans.--Section 464(c)(2)(A) of such Act (20 U.S.C. 
1087dd(c)(2)(A)) is amended--
            (1) by striking ``or'' at the end of clause (iii);
            (2) by inserting ``or'' after the semicolon at the end of 
        clause (iv); and
            (3) by adding at the end thereof the following new clause:
                            ``(v) during which the borrower is serving 
                        in an internship or residency program in 
                        preparation for practice in an area of primary 
                        care (including internal medicine, pediatrics, 
                        obstetrics/gynecology, family medicine, and 
                        osteopathy);''.
    (c) Effective Date.--The amendments made by this section shall 
apply to on and after the date of the enactment of this Act with 
respect to loans made under the Higher Education Act of 1965 before, 
on, or after that date.

SEC. 5. CLARIFICATION OF PERMISSIBLE SUBSTITUTE BILLING ARRANGEMENTS 
              FOR PHYSICIANS' SERVICES UNDER THE MEDICARE AND MEDICAID 
              PROGRAMS.

    (a) Medicare Program.--
            (1) In general.--Clause (D) of section 1842(b)(6) of the 
        Social Security Act (42 U.S.C. 1395u(b)(6)) is amended to read 
        as follows: ``(D)(i) payment may be made to a physician for 
        physicians' services (and services incident to such services) 
        to be provided by a second physician on a reciprocal basis to 
        individuals who are patients of the first physician if (I) the 
        first physician is unavailable to provide the services, (II) 
        the services are not provided by the second physician over a 
        continuous period of longer than 60 days, and (III) the claim 
        form submitted to the carrier includes the second physician's 
        unique identifier (provided under the system established under 
        subsection (r)) and indicates that the claim meets the 
        requirements of this clause for payment to the first physician; 
        and (ii) payment may be made to a physician for physicians' 
        services (and services incident to such services) which that 
        physician pays a second physician on a per diem or other fee-
        for-time basis to provide to individuals who are patients of 
        the first physician if (I) the first physician is unavailable 
        to provide the services, (II) the services are not provided by 
        the second physician over a continuous period of longer than 90 
        days (or such longer period as the Secretary may provide), and 
        (III) the claim form submitted to the carrier includes the 
        second physician's unique identifier (provided under the system 
        established under subsection (r)) and indicates that the claim 
        meets the requirements of this clause for payment to the first 
        physician''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to services furnished on or after the first day of 
        the first month beginning more than 60 days after the date of 
        the enactment of this Act.
    (b) Medicaid Program.--
            (1) In general.--Section 1902(a)(32)(C) of the Social 
        Security Act (42 U.S.C. 1396a(a)(32)(C)) is amended to read as 
        follows:
                    ``(C) payment may be made to a physician for 
                services furnished by a substitute physician under the 
                circumstances described in subparagraph (D) of section 
                1842(b)(6), except that, for purposes of this 
                subparagraph, any reference in such subparagraph to `a 
                carrier' or `the system established under subsection 
                (r)' is deemed a reference to the State (or other 
                fiscal agent under the State plan) and to the system 
                established under subsection (x) of this section, 
                respectively.''.
            (2) Effective date.--(A) The amendment made by paragraph 
        (1) shall apply to services furnished on or after the date of 
        the enactment of this Act.
            (B) Until the first day of the first calendar quarter 
        beginning more than 60 days after the date the Secretary of 
        Health and Human Services establishes the physician identifier 
        system under section 1902(x) of the Social Security Act, the 
        requirement under section 1902(a)(32)(C) of such Act that a 
        claim form submitted must include the second physician's unique 
        identifier is deemed to be satisfied if the claim form 
        identifies (in a manner specified by the Secretary of Health 
        and Human Services) the second physician.
Example Output: Rural Physicians' Incentives Act of 1993 - Amends the Internal Revenue Code to allow a deduction on medical education loan interest of a physician which accrues while the physician is living in and providing primary care to residents of a medically underserved rural area. 
Amends title XVIII (Medicare) of the Social Security Act to exempt services furnished in a rural area from a special fee schedule applicable to new physicians. 
Amends the Higher Education Act of 1965 to extend beyond the normal two-year limit, for borrowers serving an internship or residency program in preparation for practice in an area of primary care, the deferral of payments on:  (1) insured student loans (Stafford Loans), including those eligible for interest subsidies; and (2) low-interest student loans (Perkins Loans). 
Amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to modify provisions setting forth requirements concerning billing by one physician for services rendered by another physician in specified circumstances.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Zero Downpayment Act of 2004''.

SEC. 2. INSURANCE FOR ZERO-DOWNPAYMENT MORTGAGES.

    (a) Mortgage Insurance Authority.--Section 203 of the National 
Housing Act (12 U.S.C. 1709) is amended by inserting after subsection 
(k) the following new subsection:
    ``(l) Zero-Downpayment Mortgages.--
            ``(1) Insurance authority.--The Secretary may insure, and 
        commit to insure, under this subsection any mortgage that meets 
        the requirements of this subsection and, except as otherwise 
        specifically provided in this subsection, of subsection (b).
            ``(2) Eligible single family property.--To be eligible for 
        insurance under this subsection, a mortgage shall involve a 
        property upon which there is located a dwelling that is 
        designed principally for a 1- to 3-family residence and that, 
        notwithstanding subsection (g), is to be occupied by the 
        mortgagor as his or her principal residence, which shall 
        include--
                    ``(A) a 1-family dwelling unit in a multifamily 
                project and an undivided interest in the common areas 
                and facilities which serve the project;
                    ``(B) a 1-family dwelling unit of a cooperative 
                housing corporation the permanent occupancy of the 
                dwelling units of which is restricted to members of 
                such corporation and in which the purchase of such 
                stock or membership entitles the purchaser to the 
                permanent occupancy of such dwelling unit; and
                    ``(C) a manufactured home that meets such standards 
                as the Secretary has established for purposes of 
                subsection (b).
            ``(3) Maximum principal obligation.--
                    ``(A) Limitation.--To be eligible for insurance 
                under this subsection, a mortgage shall involve a 
                principal obligation in an amount not in excess of 100 
                percent of the appraised value of the property plus any 
                initial service charges, appraisal, inspection and 
                other fees in connection with the mortgage as approved 
                by the Secretary.
                    ``(B) Inapplicability of other loan-to-value 
                requirements.--A mortgage insured under this subsection 
                shall not be subject to subparagraph (B) of paragraph 
                (2) of subsection (b) or to the matter in such 
                paragraph that follows such subparagraph.
            ``(4) Eligible mortgagors.--The mortgagor under a mortgage 
        insured under this subsection shall meet the following 
        requirements:
                    ``(A) First-time homebuyer.--The mortgagor shall be 
                a first-time homebuyer. The program for mortgage 
                insurance under this subsection shall be considered a 
                Federal program to assist first-time homebuyers for 
                purposes of section 956 of the Cranston-Gonzalez 
                National Affordable Housing Act (42 U.S.C. 12713).
                    ``(B) Counseling.--
                            ``(i) Requirement.--The mortgagor shall 
                        have received counseling, prior to application 
                        for the loan involved in the mortgage, by a 
                        third party (other than the mortgagee) who is 
                        approved by the Secretary, with respect to the 
                        responsibilities and financial management 
                        involved in homeownership. Such counseling 
                        shall be provided to the mortgagor on an 
                        individual basis by a representative of the 
                        approved third party counseling entity, and 
                        shall be provided in person to the maximum 
                        extent practicable.
                            ``(ii) Topics.--Such counseling shall 
                        include providing to, and discussing with, the 
                        mortgagor--
                                    ``(I) information regarding 
                                homeownership options other than a 
                                mortgage insured under this subsection, 
                                other zero- or low-downpayment mortgage 
                                options that are or may become 
                                available to the mortgagor, the 
                                financial implications of entering into 
                                a mortgage (including a mortgage 
                                insured under this subsection), and any 
                                other information that the Secretary 
                                may require; and
                                    ``(II) a document that sets forth 
                                the amount and the percentage by which 
                                a property subject to a mortgage 
                                insured under this subsection must 
                                appreciate for the mortgagor to recover 
                                the principal amount of the mortgage, 
                                the costs financed under the mortgage, 
                                and the estimated costs involved in 
                                selling the property, if the mortgagor 
                                were to sell the property on each of 
                                the second, fifth, and tenth 
                                anniversaries of the mortgage.
                            ``(iii) 2- and 3-family residences.--In the 
                        case of a mortgage involving a 2- or 3-family 
                        residence, such counseling shall include (in 
                        addition to the information required under 
                        clause (ii)) information regarding real estate 
                        property management.
            ``(5) Option for notice of foreclosure prevention 
        counseling availability.--
                    ``(A) Option.--To be eligible for insurance under 
                this subsection, the mortgagee shall provide mortgagor, 
                at the time of the execution of the mortgage, an 
                optional written agreement which, if signed by the 
                mortgagor, allows, but does not require, the mortgagee 
                to provide notice described in subparagraph (B) to a 
                housing counseling entity that has agreed to provide 
                the notice and counseling required under subparagraph 
                (C) and is approved by the Secretary.
                    ``(B) Notice to counseling agency.-- The notice 
                described in this subparagraph, with respect to a 
                mortgage, is notice, provided at the earliest time 
                practicable after the mortgagor becomes 60 days 
                delinquent with respect to any payment due under the 
                mortgage, that the mortgagor is so delinquent and of 
                how to contact the mortgagor. Such notice may only be 
                provided once with respect to each delinquency period 
                for a mortgage.
                    ``(C) Notice to mortgagor.--Upon notice from a 
                mortgagee that a mortgagor is 60 days delinquent with 
                respect to payments due under the mortgage, the housing 
                counseling entity shall at the earliest time 
                practicable notify the mortgagor of such delinquency, 
                that the entity makes available foreclosure prevention 
                counseling that may assist the mortgagor in resolving 
                the delinquency, and of how to contact the entity to 
                arrange for such counseling.
                    ``(D) Ability to cure.--Failure to provide the 
                optional written agreement required under subparagraph 
                (A) may be corrected by sending such agreement to the 
                mortgagor not later than the earliest time practicable 
                after the mortgagor first becomes 60 days delinquent 
                with respect to payments due under the mortgage. 
                Insurance provided under this subsection may not be 
                terminated and penalties for such failure may not be 
                prospectively or retroactively imposed if such failure 
                is corrected in accordance with this subparagraph.
                    ``(E) Penalties for failure to provide agreement.--
                The Secretary may establish and impose appropriate 
                penalties for failure of a mortgagee to provide the 
                optional written agreement required under subparagraph 
                (A).
                    ``(F) Limitation on liability of mortgagee.--A 
                mortgagee shall not incur any liability or penalties 
                for any failure of a housing counseling entity to 
                provide notice under subparagraph (C).
                    ``(G) No private right of action.--This paragraph 
                shall not create any private right of action on behalf 
                of the mortgagor.
                    ``(H) Delinquency period.--For purposes of this 
                paragraph, the term `delinquency period' means, with 
                respect to a mortgage, a period that begins upon the 
                mortgagor becoming delinquent with respect to payments 
                due under the mortgage and ends upon the first 
                subsequent occurrence of such payments under the 
                mortgage becoming current or the property subject to 
                the mortgage being foreclosed or otherwise disposed of.
            ``(6) Inapplicability of downpayment requirement.--A 
        mortgage insured under this subsection shall not be subject to 
        paragraph (9) of subsection (b) or any other requirement to pay 
        on account of the property, in cash or its equivalent, any 
        amount of the cost of acquisition.
            ``(7) MMIF monitoring.--In conjunction with the credit 
        subsidy estimation calculated each year pursuant to the Federal 
        Credit Reform Act of 1990 (2 U.S.C. 661 et seq.), the Secretary 
        shall review the program performance for mortgages insured 
        under this subsection and make any necessary adjustments, which 
        may include altering mortgage insurance premiums subject to 
        subsection (c)(2), adjusting underwriting standards, and 
        limiting the availability of mortgage insurance under this 
        subsection, to ensure that the Mutual Mortgage Insurance Fund 
        shall continue to generate a negative credit subsidy.
            ``(8) Underwriting.--For a mortgage to be eligible for 
        insurance under this subsection:
                    ``(A) In general.--The mortgagor's credit and 
                ability to pay the monthly mortgage payments shall have 
                been evaluated using the Federal Housing 
                Administration's Technology Open To Approved Lenders 
                (TOTAL) Mortgage Scorecard, or a similar standardized 
                credit scoring system approved by the Secretary, and in 
                accordance with procedures established by the 
                Secretary.
                    ``(B) Multi-unit properties.--In the case of a 
                mortgage involving a property upon which there is 
                located a dwelling that is designed principally for a 
                2- or 3-family residence, the mortgagor meets such 
                additional underwriting standards as the Secretary may 
                establish.
            ``(9) Approval of mortgagees.--To be eligible for insurance 
        under this subsection, a mortgage shall have been made to a 
        mortgagee that meets such criteria as the Secretary shall 
        establish to ensure that mortgagees meet appropriate standards 
        for participation in the program authorized under this 
        subsection.
            ``(10) Disclosure of incremental costs.--
                    ``(A) Required disclosure.--For a mortgage to be 
                eligible for insurance under this subsection, the 
                mortgagee shall provide to the mortgagor, at the time 
                of the application for the loan involved in the 
                mortgage, a written disclosure, as the Secretary shall 
                require, that specifies the effective cost to a 
                mortgagor of borrowing the amount by which the maximum 
                amount that could be borrowed under a mortgage insured 
                under this subsection exceeds the maximum amount that 
                could be borrowed under a mortgage insured under 
                subsection (b), based on average closing costs with 
                respect to such amount, as determined by the Secretary. 
                Such cost shall be expressed as an annual interest rate 
                over the first 5 years of a mortgage.
                    ``(B) Coordination.--The disclosure required under 
                this paragraph may be provided in conjunction with the 
                notice required under subsection (f).
            ``(11) Loss mitigation.--
                    ``(A) In general.--Upon the default of any mortgage 
                insured under this subsection, the mortgagee shall 
                engage in loss mitigation actions for the purpose of 
                providing an alternative to foreclosure to the same 
                extent as is required of other mortgages insured under 
                this title pursuant to the regulations issued under 
                section 230(a).
                    ``(B) Annual reporting.--Not later than 90 days 
                after the end of each fiscal year, the Secretary shall 
                submit a report to the Congress that compares the rates 
                of default and foreclosure during such fiscal year for 
                mortgages insured under this subsection, for single-
                family mortgages insured under this title (other than 
                under this subsection), and for mortgages for housing 
                purchased with assistance provided under the 
                downpayment assistance initiative under section 271 of 
                the Cranston-Gonzalez National Affordable Housing Act 
                (42 U.S.C. 12821).
            ``(12) Additional requirements.--The Secretary may 
        establish any additional requirements for mortgage insurance 
        under this subsection as may be necessary or appropriate.
            ``(13) Limitation.--The aggregate number of mortgages 
        insured under this subsection in any fiscal year may not exceed 
        10 percent of the aggregate number of mortgages and loans 
        insured by the Secretary under this title during the preceding 
        fiscal year.
            ``(14) Program suspension.--
                    ``(A) In general.--Subject to subparagraph (C), the 
                authority under paragraph (1) to insure mortgages shall 
                be suspended if at any time the claim rate described in 
                subparagraph (B) exceeds 3.5 percent. A suspension 
                under this subparagraph shall remain in effect until 
                such time as such claim rate is 3.5 percent or less.
                    ``(B) FHA total single-family annual claim rate.--
                The claim rate described in this subparagraph, for any 
                particular time, is the ratio of the number of claims 
                during the 12 months preceding such time on mortgages 
                on 1- to 4-family residences insured pursuant to this 
                title to the number of mortgages on such residences 
                having such insurance in force at that time.
                    ``(C) Applicability.--A suspension under 
                subparagraph (A) shall not preclude the Secretary from 
                endorsing or insuring any mortgage that was duly 
                executed before the date of such suspension.
            ``(15) Sunset.--No mortgage may be insured under this 
        subsection after September 30, 2009, except that the Secretary 
        may endorse or insure any mortgage that was duly executed 
        before such date.
            ``(16) GAO reports.--The Comptroller General of the United 
        States shall submit a report to the Congress not later than 2 
        years after the date of the enactment of this subsection, and 
        annually thereafter, regarding the performance of mortgages 
        insured under this subsection.
            ``(17) Implementation.--The Secretary may implement this 
        subsection on an interim basis by issuing an interim rule, 
        except that the Secretary shall solicit public comments upon 
        publication of such interim rule and shall issue a final rule 
        implementing this subsection after consideration of the 
        comments submitted.''.
    (b) Mortgage Insurance Premiums.--The second sentence of 
subparagraph (A) of section 203(c)(2) of the National Housing Act (12 
U.S.C. 1709(c)(2)(A)) is amended by striking ``In'' and inserting 
``Except with respect to a mortgage insured under subsection (l), in''.
    (c) General Insurance Fund.--Section 519(e) of the National Housing 
Act (12 U.S.C. 1735c(e)) is amended by striking ``and 203(i)'' and 
inserting ``, 203(i), and 203(l)''.
Example Output:
Zero Downpayment Act of 2004 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure first-time homeowner zero-downpayment mortgages for one-family residences, including one- to three-unit dwellings, condominiums, cooperatives, and manufactured housing.

Limits the principal obligation on an insured mortgage to not more than 100 percent of the property's appraised value plus any initial service charges, appraisal, inspection, and other related fees.

Requires: (1) independent mortgagor counseling prior to applying for a loan, including specific counseling regarding real estate property management for mortgagors purchasing dwellings with two to three units; and (2) the mortgagee to provide the mortgagor with an option for notice of foreclosure prevention counseling, which shall become effective 60 days after delinquency.

Requires: (1) the Secretary to monitor and make adjustments (mortgage premiums and availability and underwriting standards) to such program; (2) mortgagor credit evaluation by the Federal Housing Administration's (FHA) TOTAL Mortgage Scorecard or other standardized credit scoring system; (3) additional underwriting standards for borrowers purchasing two- to three-unit dwellings; and (4) written mortgagee disclosure to the mortgagor of incremental costs.

Limits the program to not more than ten percent of the aggregate number of FHA mortgages and loans insured in the preceding fiscal year. Suspends the program if claim rates exceed a certain FHA single-family claim rate.

Requires a Government Accountability Office (GAO) program report within two years of enactment of this Act and annually thereafter.

Sunsets the program after September 30, 2009.