TASK DEFINITION: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
PROBLEM: SECTION 1. SHORT TITLE.
    This Act may be cited as the ``American Innovation $1 Coin Act''.
SEC. 2. AMERICAN INNOVATION $1 COIN PROGRAM.
    Section 5112 of title 31, United States Code, is amended by 
inserting after subsection (v) the following new subsection:
    ``(w) Redesign and Issuance of $1 Coins Honoring Innovation and 
Innovators From Each State, the District of Columbia, and Each 
Territory.--
        ``(1) Redesign beginning in 2019.--
            ``(A) In general.--Notwithstanding subsection (d)(1) and 
        subsection (d)(2) and in accordance with the provisions of this 
        subsection, during the 14-year period beginning on January 1, 
        2019 (or such later date as provided under subparagraph 
        (B)(ii)), the Secretary of the Treasury shall mint and issue $1 
        coins to be known as `American Innovation $1 coins', that--
                ``(i) have designs on the obverse selected in 
            accordance with paragraph (2)(A); and
                ``(ii) have a design on the reverse selected in 
            accordance with paragraph (2)(B).
            ``(B) Continuity provisions.--
                ``(i) In general.--Notwithstanding subparagraph (A), 
            the Secretary shall continue to mint and issue $1 coins 
            honoring Native Americans and their contributions in 
            accordance with subsection (r).
                ``(ii) First coin.--Notwithstanding subparagraph (A), 
            if the Secretary finds that it is feasible and cost-
            effective, the Secretary may mint and issue a $1 coin in 
            2018 to introduce the series of coins described in this 
            subsection, that--

                    ``(I) has the obverse described under paragraph 
                (2)(A);
                    ``(II) has a reverse that bears the inscription 
                `United States of America' and `American Innovators' 
                and a representation of the signature of President 
                George Washington on the first United States patent 
                issued;
                    ``(III) has the edge-incusing described under 
                paragraph (2)(C); and
                    ``(IV) the design for which has reviewed by the 
                Citizens Coinage Advisory Committee.

            ``(C) Definition of territory.--For purposes of this 
        subsection, the term `territory' means the Commonwealth of 
        Puerto Rico, Guam, American Samoa, the United States Virgin 
        Islands, and the Commonwealth of the Northern Mariana Islands.
        ``(2) Design requirements.--Notwithstanding subsection (d)(1) 
    and subsection (d)(2), the $1 coins issued in accordance with 
    paragraph (1)(A) shall meet the following design requirements:
            ``(A) Coin obverse.--The common design on the obverse of 
        each coin issued under this subsection shall contain--
                ``(i) a likeness of the Statue of Liberty extending to 
            the rim of the coin and large enough to provide a dramatic 
            representation of Liberty;
                ``(ii) the inscription `$1'; and
                ``(iii) the inscription `In God We Trust'.
            ``(B) Coin reverse.--The design on the reverse of each coin 
        issued under this subsection shall bear the following:
                ``(i) An image or images emblematic of one of the 
            following from one of the 50 States, the District of 
            Columbia, or the territories of the United States:

                    ``(I) A significant innovation.
                    ``(II) An innovator.
                    ``(III) A group of innovators.

                ``(ii) The name of the State, the District of Columbia, 
            or territory, as applicable.
                ``(iii) The inscription `United States of America'.
            ``(C) Edge-incused inscriptions.--
                ``(i) In general.--The inscription of the year of 
            minting or issuance of the coin, the mint mark, and the 
            inscription `E Pluribus Unum' shall be edge-incused into 
            the coin.
                ``(ii) Preservation of distinctive edge.--The edge-
            incusing of the inscriptions under clause (i) on coins 
            issued under this subsection shall be done in a manner that 
            preserves the distinctive edge of the coin so that the 
            denomination of the coin is readily discernible, including 
            by individuals who are blind or visually impaired.
        ``(3) Issuance of coins commemorating innovation or 
    innovators.--
            ``(A) Order of issuance.--
                ``(i) In general.--The coins issued under this 
            subsection commemorating either an innovation, an 
            individual innovator, or a group of innovators, from each 
            State, the District of Columbia, or a territory shall be 
            issued in the following order:

                    ``(I) State.--With respect to each State, the coins 
                shall be issued in the order in which the States 
                ratified the Constitution of the United States or were 
                admitted into the Union, as the case may be.
                    ``(II) District of columbia and territories.--After 
                all coins are issued under subclause (I), the coins 
                shall be issued for the District of Columbia and the 
                territories in the following order: the District of 
                Columbia, the Commonwealth of Puerto Rico, Guam, 
                American Samoa, the United States Virgin Islands, and 
                the Commonwealth of the Northern Mariana Islands.

                ``(ii) Application in event of the admission of 
            additional states.--Notwithstanding clause (i), if any 
            additional State is admitted into the Union before the end 
            of the 14-year period referred to in paragraph (1), the 
            Secretary of the Treasury may issue a $1 coin with respect 
            to the additional State in accordance with clause (i)(I).
                ``(iii) Application in the event of independence or 
            adding of a territory.--Notwithstanding clause (i)--

                    ``(I) if any territory becomes independent or 
                otherwise ceases to be a territory of the United States 
                before $1 coins are minted pursuant to this subsection, 
                the subsection shall cease to apply with respect to 
                such territory; and
                    ``(II) if any new territory is added to the United 
                States, $1 coins shall be issued for such territories 
                in the order in which the new the territories are 
                added, beginning after the $1 coin is issued for the 
                Commonwealth of the Northern Mariana Islands.

            ``(B) Issuance of coins commemorating four innovations or 
        innovators during each of 14 years.--
                ``(i) In general.--Four $1 coin designs as described in 
            this subsection shall be issued during each year of the 
            period referred to in paragraph (1) until 1 coin featuring 
            1 innovation, an individual innovator, or a group of 
            innovators, from each of the States, the District of 
            Columbia, and territories has been issued.
                ``(ii) Number of coins of each design.--The Secretary 
            shall prescribe, on the basis of such factors as the 
            Secretary determines to be appropriate, the number of $1 
            coins that shall be issued with each of the designs 
            selected for each year of the period referred to in 
            paragraph (1).
        ``(4) Selection of concept and design.--
            ``(A) Concept.--With respect to each State, the District of 
        Columbia, and each territory to be honored with a coin under 
        this subsection, the selection of the significant innovation, 
        innovator, or group of innovators to be borne on the reverse of 
        such coin shall be made by the Secretary of the Treasury, after 
        consultation with the Governor or other chief executive of the 
        State, the District of Columbia, or territory with respect to 
        which a coin is to be issued under this subsection.
            ``(B) Design.--Each of the designs required under this 
        subsection shall be selected by the Secretary after--
                ``(i) consultation with--

                    ``(I) the Governor or other chief executive of the 
                State, the District of Columbia, or territory with 
                respect to which a coin is to be issued under this 
                subsection; and
                    ``(II) the Commission of Fine Arts; and

                ``(ii) review by the Citizens Coinage Advisory 
            Committee.
            ``(C) Selection and approval process.--Proposals for 
        designs for $1 coins under this subsection may be submitted in 
        accordance with the design selection and approval process 
        developed by the Secretary in the sole discretion of the 
        Secretary.
            ``(D) Standards.--Because it is important that the Nation's 
        coinage and currency bear dignified designs of which the 
        citizens of the United States can be proud, the Secretary shall 
        not select any frivolous or inappropriate design for any $1 
        coin minted under this subsection.
            ``(E) Prohibition on certain representations.--No head and 
        shoulders portrait or bust of any person and no portrait of a 
        living person may be included in the design of any coin issued 
        under this subsection.
        ``(5) Treatment as numismatic items.--For purposes of sections 
    5134 and 5136, all $1 coins minted under this subsection shall be 
    considered to be numismatic items.
        ``(6) Issuance of numismatic coins.--The Secretary may mint and 
    issue such number of $1 coins of each design selected under this 
    subsection in uncirculated and proof qualities as the Secretary 
    determines to be appropriate.
        ``(7) Termination of program.--The issuance of coins under this 
    subsection shall terminate when one innovation, an individual 
    innovator, or a group of innovators, from each State, the District 
    of Columbia, and each territory has been honored and may not be 
    resumed except by an Act of Congress.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

SOLUTION: American Innovation $1 Coin Act (Sec. 2) This bill directs the Department of the Treasury, over a 14-year period beginning in 2019, to mint and issue "American Innovation" $1 coins commemorating innovation and innovators from each state, each U.S. territory, and the District of Columbia.  Such coins shall be issued in the order in which the states ratified the Constitution or were admitted into the Union. After all such coins are issued, coins shall be issued for the District of Columbia and the territories.  Treasury shall issue four coins per year until a coin has been issued for each jurisdiction.  Neither the bust of any person nor the portrait of any living person may be included in the design of the coins. The bill instructs Interior to continue to mint and issue $1 coins honoring Native Americans and their contributions. 

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Affordable Mortgage for Homeowners 
Act of 2011''.

SEC. 2. PRINCIPAL REDUCTION OF MORTGAGES OWNED OR GUARANTEED BY FANNIE 
              MAE AND FREDDIE MAC.

    (a) Program Authority.--The Federal National Mortgage Association 
and the Federal Home Loan Mortgage Corporation shall each carry out a 
program under this section to provide for the reduction of the interest 
rates on qualified mortgages on single-family housing owned or 
guaranteed by such enterprises, in accordance with this section and 
policies and procedures that the Director of the Federal Housing 
Finance Agency shall establish.
    (b) Timing.--Each enterprise shall commence the program required 
under subsection (a) upon the expiration of the 90-day period beginning 
upon the date of the enactment of this Act and shall complete all 
reductions of the interest rates of qualified mortgages required under 
the program not later than the expiration of the 12-month period 
beginning upon the commencement of such program.
    (c) Interest Rate Reduction.--In reducing the interest rate on a 
qualified mortgage under a program of an enterprise required under this 
section, the enterprise shall reduce the annual rate of interest 
charged with respect to the outstanding principal obligation of the 
mortgage for the remainder of the term of the mortgage, notwithstanding 
whether the interest rate under the mortgage is otherwise subject to 
adjustment during such mortgage term, to a fixed interest rate that is 
the lesser of--
            (1) 4 percent annually; or
            (2) the rate for a 30-year fixed rate mortgage, as most 
        recently published in the Weekly Primary Mortgage Market Survey 
        of the Federal Home Loan Mortgage Corporation, as of the time 
        of such interest rate reduction for such qualified mortgage.
    (d) Exempt Mortgages.--The Director shall provide that the 
following qualified mortgages shall not be subject to reduction of the 
interest rate under a program under this section:
            (1) Fixed-rate mortgages.--In the case of a qualified 
        mortgage having a rate of interest that is fixed for the entire 
        term of the mortgage, any mortgage having such an interest rate 
        that is a lower than the interest rate determined for the 
        mortgage under subsection (c).
            (2) Adjustable-rate mortgages.--In the case of a mortgage 
        having a rate of interest that is subject to adjustment during 
        the term of the mortgage, any mortgage for which the interest 
        rate cannot, as a result of the terms of the terms and 
        conditions of the mortgage, exceed the interest rate determined 
        for the mortgage under subsection (c) at any time during the 
        term of the mortgage.
    (e) Option to Opt-Out.--Each program of an enterprise required 
under this section shall provide for the enterprise to--
            (1) notify the mortgagor under a qualified mortgage in 
        writing, before the proposed reduction of the interest rate on 
        qualified mortgage of the mortgagor, of--
                    (A) such proposed reduction and the interest rate 
                applicable to the mortgage upon such reduction; and
                    (B) the opportunity, in accordance with paragraph 
                (2), for the mortgagor to request that no such interest 
                rate reduction be applied with respect to such 
                mortgage; and
            (2) forego such interest rate reduction with respect to the 
        qualified mortgage of a mortgagor upon receipt by the 
        enterprise of a request by the mortgagor that no such interest 
        rate reduction be applied with respect to such mortgage.
    (f) Maintenance of Loan Status.--Any reduction of the interest rate 
on a qualified mortgage under a program under this section shall not 
result in the treatment of the modified mortgage as a new mortgage.
    (g) Definitions.--For purposes of this section, the following 
definitions shall apply:
            (1) Director.--The term ``Director'' means the Director of 
        the Federal Housing Finance Agency.
            (2) Enterprise.--The term ``enterprise'' means the Federal 
        National Mortgage Association and the Federal Home Loan 
        Mortgage Corporation.
            (3) Qualified mortgage.--The term ``qualified mortgage'' 
        means a mortgage, without regard to whether the mortgagor is 
        current or in default on payments due under the mortgage, 
        that--
                    (A) is an existing first mortgage that was made for 
                purchase of, or refinancing another first mortgage on, 
                a one- to four-family dwelling, including a condominium 
                or a share in a cooperative ownership housing 
                association, that is occupied by the mortgagor as the 
                principal residence of the mortgagor;
                    (B) is owned or guaranteed by the Federal National 
                Mortgage Association or the Federal Home Loan Mortgage 
                Corporation; and
                    (C) was originated on or before the date of the 
                enactment of this Act.
    (h) Regulations.--The Director shall issue any regulations or 
guidance necessary to carry out the programs required under this 
section not later than the expiration of the 90-day period that begins 
on the date of the enactment of this Act.

SOLUTION: Affordable Mortgage for Homeowners Act of 2011 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) each to carry out a program to provide for the reduction of the interest rates on qualified mortgage mortgages (other than fixed-rate or adjustable-rate mortgages) on single-family housing owned or guaranteed by such enterprises, in accordance with policies and procedures that the Director of the Federal Housing Finance Agency (FHFA) shall establish.

Requires each program to provide a procedure for mortgagors to opt-out of an interest rate reduction.

PROBLEM: SECTION 1. IMPACT AID.

    (a) Hold-Harmless Amounts for Payments Relating to Federal 
Acquisition of Real Property.--Section 8002 of the Elementary and 
Secondary Education Act of 1965 (20 U.S.C. 7702) is amended by adding 
at the end the following new subsections:
    ``(g) Former Districts.--
            ``(1) In general.--Where the school district of any local 
        educational agency described in paragraph (2) is formed at any 
        time after 1938 by the consolidation of two or more former 
        school districts, such agency may elect (at any time such 
        agency files an application under section 8005) for any fiscal 
        year to have (A) the eligibility of such local educational 
        agency, and (B) the amount which such agency shall be eligible 
        to receive, determined under this section only with respect to 
        such of the former school districts comprising such 
        consolidated school districts as such agency shall designate in 
        such election.
            ``(2) Eligible local educational agencies.--A local 
        educational agency referred to in paragraph (1) is any local 
        educational agency that, for fiscal year 1994 or any preceding 
        fiscal year, applied for and was determined eligible under 
        section 2(c) of the Act of September 30, 1950 (Public Law 874, 
        81st Congress) as such section was in effect on September 30, 
        1994.
    ``(h) Hold-Harmless Amounts.--
            ``(1) In general.--Except as provided in paragraph (2)(A), 
        the total amount that the Secretary shall pay a local 
        educational agency under subsection (b)--
                    ``(A) for fiscal year 1995 shall not be less than 
                85 percent of the amount such agency received for 
                fiscal year 1994 under section 2 of the Act of 
                September 30, 1950 (Public Law 874, 81st Congress) as 
                such section was in effect on September 30, 1994; or
                    ``(B) for fiscal year 1996 shall not be less than 
                85 percent of the amount such agency received for 
                fiscal year 1995 under subsection (b).
            ``(2) Ratable reductions.--(A)(i) If necessary in order to 
        make payments to local educational agencies in accordance with 
        paragraph (1) for any fiscal year, the Secretary first shall 
        ratably reduce payments under subsection (b) for such year to 
        local educational agencies that do not receive a payment under 
        this subsection for such year.
            ``(ii) If additional funds become available for making 
        payments under subsection (b) for such year, then payments that 
        were reduced under clause (i) shall be increased on the same 
        basis as such payments were reduced.
            ``(B)(i) If the sums made available under this title for 
        any fiscal year are insufficient to pay the full amounts that 
        all local educational agencies in all States are eligible to 
        receive under paragraph (1) after the application of 
        subparagraph (A) for such year, then the Secretary shall 
        ratably reduce payments under paragraph (1) to all such 
        agencies for such year.
            ``(ii) If additional funds become available for making 
        payments under paragraph (1) for such fiscal year, then 
        payments that were reduced under clause (i) shall be increased 
        on the same basis as such payments were reduced.''.
    (b) Computation of Payment.--Paragraph (3) of section 8003(a) of 
such Act (20 U.S.C. 7703(a)) is amended by striking ``and such'' and 
inserting ``, or such''.
    (c) Payments for Eligible Federally Connected Children.--Subsection 
(f) of section 8003 of such Act (20 U.S.C. 7703) is amended--
            (1) in paragraph (2)--
                    (A) in the matter preceding clause (i) of 
                subparagraph (A), by striking ``only if such agency'' 
                and inserting ``if such agency is eligible for a 
                supplementary payment in accordance with subparagraph 
                (B) or such agency''; and
                    (B) by adding at the end the following new 
                subparagraph:
                    ``(C) A local educational agency shall only be 
                eligible to receive additional assistance under
                 this subsection if the Secretary determines that--
                            ``(i) such agency is exercising due 
                        diligence in availing itself of State and other 
                        financial assistance; and
                            ``(ii) the eligibility of such agency under 
                        State law for State aid with respect to the 
                        free public education of children described in 
                        subsection (a)(1) and the amount of such aid 
                        are determined on a basis no less favorable to 
                        such agency than the basis used in determining 
                        the eligibility of local educational agencies 
                        for State aid, and the amount of such aid, with 
                        respect to the free public education of other 
                        children in the State.''; and
            (2) in paragraph (3)--
                    (A) in subparagraph (A)--
                            (i) in the matter preceding clause (i), by 
                        inserting ``(other than any amount received 
                        under paragraph (2)(B))'' after ``subsection'';
                            (ii) in subclause (I) of clause (i), by 
                        striking ``or the average per-pupil expenditure 
                        of all the States'';
                            (iii) by amending clause (ii) to read as 
                        follows:
                            ``(ii) The Secretary shall next multiply 
                        the amount determined under clause (i) by the 
                        total number of students in average daily 
                        attendance at the schools of the local 
                        educational agency.''; and
                            (iv) by amending clause (iii) to read as 
                        follows:
                            ``(iii) The Secretary shall next subtract 
                        from the amount determined under clause (ii) 
                        all funds available to the local educational 
                        agency for current expenditures, but shall not 
                        so subtract funds provided--
                                    ``(I) under this Act; or
                                    ``(II) by any department or agency 
                                of the Federal Government (other than 
                                the Department) that are used for 
                                capital expenses.''; and
                    (B) by amending subparagraph (B) to read as 
                follows:
                    ``(B) Special rule.--With respect to payments under 
                this subsection for a fiscal year for a local 
                educational agency described in clause (ii) or (iii) of 
                paragraph (2)(A), the maximum amount of payments under 
                this subsection shall be equal to--
                            ``(i) the product of--
                                    ``(I) the average per-pupil 
                                expenditure in all States multiplied by 
                                0.7, except that such amount may not 
                                exceed 125 percent of the average per-
                                pupil expenditure in all local 
                                educational agencies in the State; 
                                multiplied by
                                    ``(II) the number of students 
                                described in subparagraph (A) or (B) of 
                                subsection (a)(1) for such agency; 
                                minus
                            ``(ii) the amount of payments such agency 
                        receives under subsections (b) and (d) for such 
                        year.''.
    (d) Current Year Data.--Paragraph (4) of section 8003(f) of such 
Act (20 U.S.C. 7703(f)) is amended to read as follows:
            ``(4) Current year data.--For purposes of providing 
        assistance under this subsection the Secretary--
                    ``(A) shall use student and revenue data from the 
                fiscal year for which the local educational agency is 
                applying for assistance under this subsection; and
                    ``(B) shall derive the per-pupil expenditure amount 
                for such year for the local educational agency's 
                comparable school districts by increasing or decreasing 
                the per pupil expenditure data for the second fiscal 
                year preceding the fiscal year for which the 
                determination is made by the same percentage increase 
                or decrease reflected between the per pupil expenditure 
                data for the fourth fiscal year preceding the fiscal 
                year for which the determination is made and the per 
                pupil expenditure data for such second year.''.
    (e) Special Rule for 1994 Payments.--The Secretary shall not 
consider any payment to a local educational agency by the Department of 
Defense, that is available to such agency for current expenditures and 
used for capital expenses, as funds available to such agency for 
purposes of making a determination for fiscal year 1994 under section 
3(d)(2)(B)(i) of the Act of September 30, 1950 (Public Law 874, 81st 
Congress) (as such Act was in effect on September 30, 1994).
    (f) Applications for Increased Payments.--
            (1) In general.--Notwithstanding any other provision of 
        law, the Bonesteel-Fairfax School District Number 26-5, South 
        Dakota, and the Wagner Community School District Number 11-4, 
        South Dakota, shall be eligible to apply for payment for fiscal 
        year 1994 under section 3(d)(2)(B) of the Act of September 30, 
        1950 (Public Law 874, 81st Congress) (as such section was in 
        effect on September 30, 1994).
            (2) Application.--In order to be eligible to receive a 
        payment described in subsection (a), a school district 
        described in such subsection shall apply for such payment 
        within 30 days after the date of enactment of this Act.
            (3) Construction.--Nothing in this section shall be 
        construed to require a local educational agency that received a 
        payment under section 3(d)(2)(B) of the Act of September 30, 
        1950 (Public Law 874, 81st Congress) (as such section was in 
        effect on September 30, 1994) for fiscal year 1994 to return 
        such payment or a portion of such payment to the Federal 
        Government.

SOLUTION:
Amends the Elementary and Secondary Education Act of 1965 regarding impact aid payments. 
Provides hold-harmless payment amounts for impact-aid payments relating to Federal acquisition of real property.  Provides that no eligible local educational agency shall receive less than 85 percent of the preceding year's amount in such a payment for any fiscal year. Provides for ratable reductions and increases in certain types of impact-aid payments in specified circumstances. 
Revises provisions which authorize funding for heavily-impacted school districts, with respect to computation of payment, payments for eligible federally-connected children, and current year data.  Directs the Secretary of Education, as a special rule for 1994 supplemental payments, not to consider any payment to a local educational agency by the Department of Defense that is available to such agency for current expenditures and used for capital expenses in determinations under specified Federal impact aid law. 
Allows two specified school districts in South Dakota to claim eligibility as heavily-impacted districts for the current year, by allowing them to amend their applications for increased payments.