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SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Buyback Our Safety Act''.

SEC. 2. GUN BUYBACK GRANT PROGRAM.

    (a) In General.--The Attorney General, through the Assistant 
Attorney General for the Office of Justice Programs of the Department 
of Justice, shall establish a gun buyback grant program under which the 
Assistant Attorney General may make grants to law enforcement agencies 
of States, units of local government, and Indian tribal governments to 
assist in funding gun buyback programs carried out by such agencies.
    (b) Gun Buyback Program Defined.--For purposes of this section, the 
term ``gun buyback program'' means, with respect to a law enforcement 
agency of a State, unit of local government, or Indian tribal 
government, a program carried out by such agency under which guns are 
purchased or surrendered to such agency.
    (c) Applications.--A law enforcement agency described in subsection 
(a) desiring a grant under this section shall submit to the Assistant 
Attorney General for the Office of Justice Programs an application for 
the grant, in accordance with subsection (d) and which shall be in such 
form and contain such information as the Assistant Attorney General may 
require.
    (d) Requirements.--The Assistant Attorney General may make a grant 
under this section to a law enforcement agency described in subsection 
(a), with respect to a gun buyback program, only if the application 
submitted under subsection (c) by such agency provides assurances 
that--
            (1) the law enforcement agency will adequately advertise 
        such program to the public;
            (2) such program will be administered by law enforcement 
        personnel;
            (3) all guns received through such program will remain in 
        the possession of law enforcement personnel;
            (4) adequate safeguards will be established and followed to 
        prevent the occurrence of fraud in such program;
            (5) the law enforcement agency will have in place a process 
        to test on site a gun purchased from an individual through such 
        program before payment is provided to such individual; and
            (6) an adequate process will be in place to destroy all 
        guns received through such program.
    (e) Matching Requirement.--
            (1) In general.--Subject to paragraph (2), to be eligible 
        for a grant under this section, a law enforcement agency must 
        certify that the law enforcement agency will match all Federal 
        funds provided under such grant with an equal amount of cash or 
        in-kind goods or services from other non-Federal sources.
            (2) Waiver.--The Assistant Attorney General for the Office 
        of Justice Programs may waive, wholly or in part, the matching 
        requirement under paragraph (1) with respect to a grant made 
        under this section to a law enforcement agency for a gun 
        buyback program if such program provides for obtaining only the 
        guns identified by the National Academy of Sciences pursuant to 
        subsection (f).
    (f) National Academy of Sciences Standards.--The Attorney General, 
through the Assistant Attorney General for the Office of Justice 
Programs, shall enter into an arrangement with the National Academy of 
Sciences to develop standards for identifying, and identify, guns that 
are the most likely to be used in violent crimes and establish a 
pricing scale for purchasing guns so identified through gun buyback 
programs receiving grants under this section.
    (g) Reports.--
            (1) Reports required by grantees.--In the case of a law 
        enforcement agency described in subsection (a) receiving a 
        grant under this section with respect to a gun buyback program, 
        such agency shall submit to the Assistant Attorney General for 
        the Office of Justice Programs--
                    (A) not later than 90 days after receipt of such 
                grant and every 90 days thereafter during the period 
                for which the program is carried out, a report 
                including--
                            (i) the number and types of guns collected 
                        and destroyed through such program during such 
                        period; and
                            (ii) recommendations for improving future 
                        gun buyback programs in the jurisdiction of 
                        such agency; and
                    (B) not later than 90 days after the last day of 
                such program, a final report including the information 
                described in each of subclauses (I) and (II) of clause 
                (i) with respect to the duration of the program.
            (2) Reports by the office of justice programs.--Not later 
        than one year after the date of the enactment of this section 
        and annually thereafter, the Assistant Attorney General for the 
        Office of Justice Programs shall submit to Congress a report 
        on--
                    (A) the number of gun buyback programs that 
                received funding under this section;
                    (B) the number of guns received through each such 
                gun buyback program;
                    (C) the total number of guns purchased through all 
                such gun buyback programs; and
                    (D) recommendations on improving the grant program 
                under this section and gun buyback programs.
    (h) Definitions.--For purposes of this section:
            (1) State.--The term ``State'' means each of the 50 States, 
        the District of Columbia, the Commonwealth of Puerto Rico, the 
        United States Virgin Islands, American Samoa, Guam, and the 
        Northern Mariana Islands.
            (2) Unit of local government.--The term ``unit of local 
        government'' means a county, municipality, town, township, 
        village, parish, borough, or other unit of general government 
        below the State level.
            (3) Violent crime.--The term ``violent crime'' means 
        murder, non-negligent manslaughter, forcible rape, robbery, and 
        aggravated assault, as reported by the Federal Bureau of 
        Investigation for purposes of the Uniform Crime Report.
    (i) Authorization of Appropriations.--There are authorized to be 
appropriated to carry out this section $15,000,000 for the period of 
fiscal years 2018 through 2022.
  Buyback Our Safety Act This bill authorizes the Department of Justice's Office of Justice Programs (OJP) to establish a gun buyback grant program for state, local, and tribal law enforcement agencies. The OJP must enter into an arrangement with the National Academy of Sciences to develop standards to identify the guns likely to be used in violent crimes and to establish a pricing scale for guns purchased through a gun buyback program. 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``International Insurance Capital 
Standards Accountability Act of 2015''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the Secretary of the Treasury, Board of Governors of 
        the Federal Reserve System, and Director of the Federal 
        Insurance Office shall support increasing transparency at any 
        global insurance or international standard-setting regulatory 
        or supervisory forum in which they participate, including 
        supporting and advocating for greater public observer access to 
        working groups and committee meetings of the International 
        Association of Insurance Supervisors; and
            (2) to the extent that the Secretary of the Treasury, Board 
        of Governors of the Federal Reserve System, and Director of the 
        Federal Insurance Office take a position or reasonably intend 
        to take a position on an insurance proposal by a global 
        insurance regulatory or supervisory forum, the Secretary of the 
        Treasury, Board of Governors of the Federal Reserve System, and 
        Director of the Federal Insurance Office shall achieve 
        consensus positions with State insurance regulators through the 
        National Association of Insurance Commissioners, when they are 
        United States participants in negotiations on insurance issues 
        before the International Association of Insurance Supervisors, 
        Financial Stability Board, or any other international forum of 
        financial regulators or supervisors that considers such issues.

SEC. 3. INSURANCE POLICY ADVISORY COMMITTEE.

    (a) Establishment.--There is established the Insurance Policy 
Advisory Committee on International Capital Standards and Other 
Insurance Issues at the Board of Governors of the Federal Reserve 
System.
    (b) Membership.--The Commission shall be composed of not more than 
21 members, all of whom represent a diverse set of expert perspectives 
from the various sectors of the United States insurance industry, 
including life insurance, property and casualty insurance and 
reinsurance, agents and brokers, academics, consumer advocates, or 
experts on issues facing underserved insurance communities and 
consumers.

SEC. 4. REPORTS.

    (a) In General.--
            (1) Reports and testimony by secretary of the treasury and 
        chairman of the federal reserve.--
                    (A) In general.--The Secretary of the Treasury and 
                the Chairman of the Federal Reserve, or their designee, 
                shall submit to the Banking, Housing, and Urban Affairs 
                Committee of the Senate, and the Financial Services 
                Committee of the House of Representatives, an annual 
                report and provide annual testimony to the Banking, 
                Housing, and Urban Affairs Committee of the Senate, and 
                the Financial Services Committee of the House of 
                Representatives on the efforts of the Secretary and the 
                Chairman with the National Association of Insurance 
                Commissioners with respect to global insurance 
                regulatory or supervisory forums, including--
                            (i) a description of the insurance 
                        regulatory or supervisory standard-setting 
                        issues under discussion at international 
                        standard-setting bodies, including the 
                        Financial Stability Board and the International 
                        Association of Insurance Supervisors;
                            (ii) a description of the effects that 
                        proposals discussed at international insurance 
                        regulatory or supervisory forums of insurance 
                        could have on consumer and insurance markets in 
                        the United States;
                            (iii) a description of any position taken 
                        by the Secretary of the Treasury, Board of 
                        Governors of the Federal Reserve System, and 
                        Director of the Federal Insurance Office in 
                        international insurance discussions; and
                            (iv) a description of the efforts by the 
                        Secretary of the Treasury, Director of the 
                        Federal Insurance Office, and the Board of 
                        Governors of the Federal Reserve System to 
                        increase transparency at the Financial 
                        Stability Board with respect to insurance 
                        proposals and the International Association of 
                        Insurance Supervisors, including efforts to 
                        provide additional public access to working 
                        groups and committees of the International 
                        Association of Insurance Supervisors.
                    (B) Termination.--This paragraph shall terminate on 
                December 31, 2018.
            (2) Reports and testimony by national association of 
        insurance commissioners.--The National Association of Insurance 
        Commissioners may provide testimony to Congress on the issues 
        described in paragraph (1)(A).
            (3) Joint report by the chairman of the federal reserve and 
        the director of the federal insurance office.--
                    (A) In general.--The Secretary of the Treasury, 
                Chairman of the Federal Reserve, and the Director of 
                the Federal Insurance Office shall, in consultation 
                with the National Association of Insurance 
                Commissioners, complete a study on, and submit to 
                Congress a report on the results of the study, the 
                impact on consumers and markets in the United States 
                before supporting or consenting to the adoption of any 
                key elements in any international insurance proposal or 
                international insurance capital standard.
                    (B) Notice and comment.--
                            (i) Notice.--The Secretary of the Treasury, 
                        Chairman of the Federal Reserve, and the 
                        Director of the Federal Insurance Office shall 
                        provide notice before the date on which 
                        drafting the report is commenced and after the 
                        date on which the draft of the report is 
                        completed.
                            (ii) Opportunity for comment.--There shall 
                        be an opportunity for public comment for a 
                        period beginning on the date on which the 
                        report is submitted under subparagraph (A) and 
                        ending on the date that is 60 days after the 
                        date on which the report is submitted.
                    (C) Review by comptroller general.--The Secretary 
                of the Treasury, Chairman of the Federal Reserve, and 
                the Director of the Federal Insurance Office shall 
                submit to the Comptroller General of the United States 
                the report described in subparagraph (A) for review.
            (4) Report on reduction in transparency.--Not later than 
        180 days after the date of enactment of this Act, the Chairman 
        of the Federal Reserve and the Secretary of the Treasury, or 
        their designees, shall submit to Congress a report and provide 
        testimony to Congress on the efforts of the Chairman and the 
        Secretary to increase transparency at meetings of the 
        International Association of Insurance Supervisors.
International Insurance Capital Standards Accountability Act of 2015 This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers).  The Secretary of the Treasury and the Board Chairman shall report annually to certain congressional committees on their efforts with the National Association of Insurance Commissioners regarding global insurance regulatory or supervisory forums. The Secretary, the Board Chairman, and the Director of the Federal Insurance Office, before supporting or consenting to the adoption of any key element in any international insurance proposal or international insurance capital standard, must study its impact upon U.S. markets and consumers.  The Secretary and the Board Chairman must also report, as well as testify to Congress on their efforts to increase transparency at meetings of the International Association of Insurance Supervisors.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Sierra National Forest Land Exchange 
Act of 2003''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Federal land.--The term ``Federal land'' means the 
        parcels of land and improvements thereon comprising 
        approximately 160 acres and located in township 9 south, range 
        25 east, section 30, E\1/2\SW\1/4\ and W\1/2\ SE\1/4\, Mt. 
        Diablo Meridian, California.
            (2) Non-federal land.--The term ``non-Federal land'' means 
        a parcel of land comprising approximately 80 acres and located 
        in township 8 south, range 26 east, section 29, N\1/2\NW\1/4\, 
        Mt. Diablo Meridian, California.
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of Agriculture.

SEC. 3. LAND EXCHANGE, SIERRA NATIONAL FOREST, CALIFORNIA.

    (a) Exchange Authorized.--
            (1) In general.--If, during the one-year period beginning 
        on the date of enactment of this Act, the owner of the non-
        Federal land offers the United States the exchange of the non-
        Federal land and a cash equalization payment of $50,000, the 
        Secretary shall convey, by quit claim deed, all right, title, 
        and interest of the United States in and to the Federal land. 
        The conveyance of the Federal land shall be subject to valid 
        existing rights and under such terms and conditions as the 
        Secretary may prescribe.
            (2) Acceptable title.--Title to the non-Federal land shall 
        conform with the title approval standards of the Attorney 
        General applicable to Federal land acquisitions and shall be 
        acceptable to the Secretary.
            (3) Correction and modification of legal descriptions.--The 
        Secretary, in consultation with the owner of the non-Federal 
        land, may make corrections to the legal descriptions of the 
        Federal land and non-Federal land. The Secretary and the owner 
        of the non-Federal land may make minor modifications to such 
        descriptions insofar as such modifications do not affect the 
        overall value of the exchange by more than five percent.
    (b) Valuation of Land to Be Conveyed.--For purposes of this 
section, during the period referred to in subsection (a)(1), the value 
of the non-Federal land shall be deemed to be $200,000 and the value of 
the Federal land shall be deemed to be $250,000.
    (c)  Administration of Land Acquired by United States.--Once 
acquired, the Secretary shall manage the non-Federal land in accordance 
with the Act of March 1, 1911 (commonly known as the Weeks Act; 16 
U.S.C. 480 et seq.), and in accordance with the other laws and 
regulations pertaining to National Forest System lands.
    (d) Conditions on Conveyance of Federal Land.--The conveyance by 
the Secretary under subsection (a) shall be subject to the following 
conditions:
            (1) That the recipient of the Federal land convey all 160 
        acres of the Federal land to the Sequoia Council of the Boy 
        Scouts of America not later than four months after the date on 
        which the recipient receives the Federal land from the 
        Secretary under subsection (a).
            (2) That, as described in section 5, the owner of the 
        easement granted in section 4 have the right of first offer 
        regarding any reconveyance of the Federal land by the Sequoia 
        Council of the Boy Scouts of America.
    (e) Disposition and Use of Cash Equalization Funds.--The Secretary 
shall deposit the cash equalization payment received under subsection 
(a) in the fund established by Public Law 90-171 (commonly known as the 
Sisk Act; 16 U.S.C. 484a). The cash equalization payment shall be 
available to the Secretary until expended, without further 
appropriation, for the acquisition of lands and interests in lands for 
the National Forest System in the State of California.
    (f) Cost Collection Funds.--The owner of the non-Federal land shall 
be responsible for all direct costs associated with processing the land 
exchange under this section and shall pay the Secretary the necessary 
funds, which shall be deposited in a cost collection account. Funds so 
deposited shall be available to the Secretary until expended, without 
further appropriation, for the cost associated with the land exchange. 
Any funds remaining after completion of the land exchange, which are 
not needed to cover expenses, shall be refunded to the owner of the 
non-Federal land.

SEC. 4. GRANT OF EASEMENT IN CONNECTION WITH HYDROELECTRIC PROJECT NO. 
              67.

    (a) Purpose.--A hydroelectric project, licensed pursuant to the 
Federal Power Act (16 U.S.C. 791a et seq.) as Project No. 67, is 
located on a majority of the Federal land authorized for exchange under 
section 3. To protect the ability of the owner of Project No. 67 to 
continue to operate and maintain that hydroelectric project under the 
current and all future licenses or authorizations issued pursuant to 
the Federal Power Act or any other applicable law, this section is 
necessary.
    (b) Easement Required.--Before conveying the Federal land under 
section 3, the Secretary shall grant an easement, without 
consideration, to the owner of Project No. 67 for the right to enter, 
occupy, and use for hydroelectric power purposes the Federal land 
currently within the licensed boundary for Project No. 67. The Project 
No. 67 owner shall hold harmless the Secretary for any claims against 
the owner due to the grant of easement.
    (c) Required Terms and Conditions.--The easement granted under this 
section shall provide the following: ``The United States of America, 
hereinafter called `Grantor,' pursuant to a congressional 
authorization, hereby grants, transfers, and conveys unto the [insert 
name of Project No. 67 owner], its successors and assigns, hereinafter 
called `Grantee,' all those certain exclusive easements and rights in, 
on, under, over, along, and across certain real property described in 
Exhibit A, attached hereto [attach description of real property subject 
to the easement] and incorporated herein (the `Property'), for any 
purpose or activity that Grantee deems convenient or necessary to the 
creation, generation, transmission, or distribution of hydropower on 
and off the Property, including, but not limited to, the right to 
inundate the Property with water, reservoir management, and compliance 
with legal obligations in accordance with the applicable Federal Energy 
Regulatory Commission license and those non-exclusive easements and 
rights to use, occupy, and enter the Property, and to allow others to 
use, occupy, and enter the Property, for other purposes related to 
hydropower and reservoir management and use, such as recreation by 
Grantee or the public, and regulation of any activities on the Property 
that may impact such purposes, at any time and from time to time. 
Grantor further grants, transfers, and conveys unto the Grantee the 
right of assignment, in whole or in part, to others, without 
limitation. Grantee shall have the right to take such actions on the 
Property as may be necessary to comply with all applicable laws, rules, 
regulations, ordinances, orders and other governmental, regulatory, and 
administrative authorities and requirements, or that may be necessary 
for the economical entry, occupancy, and use of the Property for 
hydropower purposes. Grantor, its successors and assigns, shall not 
deposit or permit or allow to be deposited, earth, rubbish, debris or 
any other substance or material on the Property, or so near thereto as 
to constitute, in the opinion of Grantee, an interference or 
obstruction to the hydropower and reservoir purposes. No other 
easements, leases, or licenses shall be granted on, under or over the 
Property by Grantor to any person, firm or corporation without the 
previous written consent of Grantee, which consent shall not be 
unreasonably withheld. The terms, covenants and conditions of this 
Grant of Easement shall bind and inure to the benefit of the successors 
and assigns of Grantor and the successors and assigns of Grantee.''.

SEC. 5. RIGHT OF FIRST OFFER FOR SUBSEQUENT CONVEYANCE OF FEDERAL LAND.

    (a) Right of First Offer.--As a condition on the conveyance of the 
Federal land under section 3 and its reconveyance to the Sequoia 
Council of the Boy Scouts of America, as required by section 3(d)(1), 
the Secretary shall require that the Council agree to provide the owner 
of the easement granted under section 4 the right of first offer to 
obtain the Federal land, or any portion thereof, that the Council ever 
proposes to sell, transfer, or otherwise convey.
    (b) Notice and Offer.--If the Council proposes to sell, transfer, 
or otherwise convey the Federal land or a portion thereof, the Council 
shall give the easement owner written notice specifying the terms and 
conditions on which the conveyance is proposed and offering to convey 
to the easement owner, on the same terms and conditions, the Federal 
land or the portion thereof proposed for conveyance.
    (c) Acceptance or Rejection of Offer.--Within 90 days after the 
easement owner receives the notice required by subsection (b) and all 
available documents necessary to perform reasonable due diligence on 
the proposed conveyance, the easement owner shall either accept or 
reject the offer. If the easement owner accepts the offer, the closing 
of the sale shall be governed by the terms of the offer in the notice.
    (d) Effect of Rejection.--If the hydropower easement owner rejects 
an offer under subsection (b) or fails to respond to the offer before 
the expiration of the 90-day period provided in subsection (c), the 
Council may convey the property covered by the notice to any other 
person on the same terms and conditions specified in the notice. If 
those terms and conditions are subsequently altered in any way, then 
the notice and offer shall again be made to the easement owner under 
subsection (b). The rejection by the easement owner of one or more of 
such
offers shall not affect its right of first offer as to any other 
proposed conveyance by the Council.

            Passed the House of Representatives November 18, 2003.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.

Sierra National Forest Land Exchange Act of 2003 - Directs the Secretary of Agriculture to convey specified land in Mt. Diablo Meridian, California, in exchange for certain non-Federal land and a payment of $50,000, if the owner of such land: (1) offers to make such exchange during the year following enactment of this Act; and (2) agrees to convey the Federal land to the Sequoia Council of the Boy Scouts of America within four months of receiving it. Assigns values to the lands to be conveyed.

Directs the Secretary to: (1) manage the non-Federal land received in accordance with the Weeks Act and other laws and regulations pertaining to National Forest System lands; and (2) deposit the cash payment received into the fund established by the Sisk Act, to be expended for the acquisition of lands and interests in lands for the National Forest System in California. Makes the owner of the non-Federal land responsible for all direct costs associated with processing the land exchange. Grants an easement to the owner of a specified hydroelectric project located on Federal land authorized for exchange under this Act. Requires that the easement owner be given the right of first offer for any subsequent conveyance of the Federal land by the Sequoia Council as a condition of the initial conveyance to the Council.