instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rural Access to Credit Act of 
2010''.

SEC. 2. BUSINESS AND INDUSTRY DIRECT AND GUARANTEED LOANS.

    (a) Tangible Equity Requirements.--Section 310B(d) of the 
Consolidated Farm and Rural Development Act (7 U.S.C. 1932(d)) is 
amended by striking paragraph (6) and inserting the following:
            ``(6) Equity.--In the case of direct or guaranteed loans 
        under this section, the Secretary shall use commercial lending 
        standards in determining any equity requirement.''.
    (b) General Terms.--Section 310B(g) of the Consolidated Farm and 
Rural Development Act (7 U.S.C. 1932(g)) is amended by adding at the 
end the following:
            ``(10) General terms.--
                    ``(A) Maximum loan guarantee amount.--
                            ``(i) In general.--Notwithstanding any 
                        other provision of this Act, during the period 
                        beginning on the date of enactment of this 
                        paragraph and ending on December 31, 2011, the 
                        Secretary shall guarantee up to 90 percent of a 
                        business and industry loan in an amount of up 
                        to $10,000,000 that is a high priority project, 
                        as determined based on published criteria of 
                        the Secretary that includes rural economic 
                        factors.
                            ``(ii) Subsequent fiscal years.--
                        Notwithstanding any other provision of this 
                        Act, beginning on January 1, 2012, the 
                        Secretary may guarantee up to 80 or 90 percent 
                        (as determined by the Secretary) of a business 
                        and industry loan in an amount of up to 
                        $10,000,000 that is a high priority project, as 
                        determined based on criteria described in 
                        clause (i).
                    ``(B) Line-of-credit loans.--In guaranteeing 
                business and industry loans, the Secretary shall 
                guarantee line-of-credit loans in accordance with 
                section 316(c).
                    ``(C) Refinancing.--
                            ``(i) In general.--A business and industry 
                        loan may be used by a small business to 
                        refinance debt in existence as of the day 
                        before the date on which the loan was made or 
                        guaranteed, if--
                                    ``(I) the project for which the 
                                debt was incurred is viable and will 
                                create or save jobs, as determined by 
                                the Secretary; and
                                    ``(II) as of the date of 
                                application for refinancing--
                                            ``(aa) the underlying loan 
                                        has been current for at least 1 
                                        year; and
                                            ``(bb) the lender is 
                                        providing better rates and 
                                        longer terms than under the 
                                        original loan.
                            ``(ii) Subordinated owner debt.--
                        Subordinated owner debt shall not be eligible 
                        for inclusion in debt described in clause (i).
                    ``(D) Audit standards.--Notwithstanding any other 
                provision of law, the Secretary--
                            ``(i) shall not require audited financial 
                        statements consistent with generally accepted 
                        accounting principles for business and industry 
                        loans of less than $1,000,000; and
                            ``(ii) may waive any requirement for 
                        audited financial statements consistent with 
                        generally accepted accounting principles for 
                        business and industry loans of at least 
                        $1,000,000.
                    ``(E) Calculation of delinquency rates.--To allow 
                accurate comparison of delinquency rates among Federal 
                agencies, in calculating the delinquency rate for 
                business and industry loans, the Secretary shall use 
                the calculation method used by the Administrator of the 
                Small Business Administration.''.
    (c) Sense of Congress Relating to the Rural Microentrepreneur 
Assistance Program.--It is the sense of Congress that in allocating 
discretionary funds of the Secretary of Agriculture, the Secretary of 
Agriculture should give priority to the rural microentrepreneur 
assistance program established under section 379E of the Consolidated 
Farm and Rural Development Act (7 U.S.C. 2008s).
    (d) Budgetary Effects.--The budgetary effects of this Act, for the 
purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, 
shall be determined by reference to the latest statement titled 
``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for 
printing in the Congressional Record by the Chairman of the Senate 
Budget Committee, provided that such statement has been submitted prior 
to the vote on passage.
answer:
Rural Access to Credit Act of 2010 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture (USDA) to use commercial lending standards in determining equity requirements for rural entity direct or guaranteed loans.

Directs the Secretary, through December 31, 2011, to guarantee up to 90% of high priority business and industry loans up to $10 million. Authorizes the Secretary, beginning on January 1, 2012, to guarantee up to 80% or 90% of high priority business and industry loans up to $10 million. Directs the Secretary to guarantee related line-of-credit loans.

Authorizes business and industry loans to be used for refinancing.

Waives audit requirements for business and industry loans under $1 million. Authorizes audit waiver for loans of at least $1 million.

Directs the Secretary to use the Small Business Administration (SBA) calculation method in calculating the delinquency rate for business and industry loans.

Expresses the sense of Congress that in allocating discretionary funds the Secretary should give priority to the rural microentrepreneur assistance program.


question:
SECTION 1. REPORTING OF BUNDLED CONTRIBUTIONS BY PERSONS OTHER THAN 
              REGISTERED LOBBYISTS.

    (a) In General.--Subsection (i) of section 304 of the Federal 
Election Campaign Act of 1971 (2 U.S.C. 434(i)), as added by the Honest 
Leadership and Open Government Act of 2007, is amended--
            (1) in paragraph (1), by striking ``reasonably known by the 
        committee to be a person described in paragraph (7)'';
            (2) in paragraph (2), by striking ``means, with respect to 
        a committee'' and all that follows through ``threshold.'' and 
        inserting the following: ``means--
                    ``(A) with respect to a committee which is an 
                authorized committee of a candidate for the office of 
                President or for nomination to such office--
                            ``(i) the 2-year period preceding the date 
                        of the election for the office of the 
                        President; and
                            ``(ii) any reporting period applicable to 
                        the committee under this section during which 
                        any person provided 2 or more bundled 
                        contributions to the committee in an aggregate 
                        amount greater than the applicable threshold; 
                        and
                    ``(B) with respect to any other committee--
                            ``(i) the period beginning January 1 and 
                        ending June 30 of each year;
                            ``(ii) the period beginning July 1 and 
                        ending December 31 of each year; and
                            ``(iii) any reporting period applicable to 
                        the committee under this section during which 
                        any person provided 2 or more bundled 
                        contributions to the committee in an aggregate 
                        amount greater than the applicable 
                        threshold.'';
            (3) in paragraph (3)--
                    (A) by striking subparagraph (A) and inserting the 
                following:
                    ``(A) In general.--In this subsection, the 
                `applicable threshold' is--
                            ``(i) $50,000 in the case of a committee 
                        which is an authorized committee of a candidate 
                        for the office of President or for nomination 
                        to such office; and
                            ``(ii) $15,000 in the case of any other 
                        committee.
                In determining whether the amount of bundled 
                contributions provided to a committee by a person 
                exceeds the applicable threshold, there shall be 
                excluded any contribution made to the committee by the 
                person or the person's spouse.''; and
                    (B) in subparagraph (B), by striking ``the amount'' 
                each place it appears and inserting ``each amount'';
            (4) in paragraph (5), by striking ``described in paragraph 
        (7)'' each place it appears in subparagraphs (C) and (D);
            (5) by striking paragraph (7) and inserting the following:
            ``(7) Separate reporting for certain persons.--Each 
        committee required to include a schedule under paragraph (1) 
        shall also include a separate schedule setting forth the name, 
        address, and employer of each person listed on the schedule 
        required under paragraph (1) who, at the time a contribution is 
        forwarded to a committee as described in paragraph (8)(A)(i) or 
        is received by a committee as described in paragraph 
        (8)(A)(ii), is--
                    ``(A) a current registrant under section 4(a) of 
                the Lobbying Disclosure Act of 1995;
                    ``(B) an individual who is listed on a current 
                registration filed under section 4(b)(6) of such Act or 
                a current report under section 5(b)(2)(C) of such Act; 
                or
                    ``(C) a political committee established or 
                controlled by such a registrant or individual.
        The schedule required under the preceding sentence shall also 
        include the aggregate amount of bundled contributions provided 
        by each such person during the covered period.''; and
            (6) in paragraph (8)(A)--
                    (A) by striking ``and a person described in 
                paragraph (7)''; and
                    (B) by adding at the end the following flush 
                sentence:
                ``The term `bundled contribution' shall not include any 
                contribution forwarded by or credited to (through 
                records, designations, or other means of recognizing a 
                certain amount of money has been raised) a person who 
                is a regularly paid employee of the committee.''.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in section 204 of the Honest Leadership and Open 
Government Act of 2007.
answer:
Amends the Federal Election Campaign Act of 1971, as amended by the Honest Leadership and Open Government Act of 2007, to revise requirements for disclosure of bundled contributions, particularly by an authorized committee of a candidate for the office of President or for nomination to such office (presidential candidate committee).

Applies such reporting requirements to bundled contributions by persons other than registered lobbyists. Requires reporting of lobbyist contributions on a separate schedule.

Sets the covered period for such reports as the two-year period preceding a presidential election, as well as any applicable reporting period during which any person provided two or more bundled contributions in an aggregate amount greater than the specified applicable amount.

Increases the applicable threshold triggering such reporting requirement from $15,000 (currently applicable to any authorized committee of a candidate, a leadership PAC, or a political party committee) to $50,000 in the case of a presidential candidate committee.

Excludes from the calculation of a bundled contribution any contribution by the candidate or the candidate's spouse.


question:
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Chesapeake Bay Accountability and 
Recovery Act of 2014''.
SEC. 2. DEFINITIONS.
    In this Act:
        (1) Administrator.--The term ``Administrator'' means the 
    Administrator of the Environmental Protection Agency.
        (2) Chesapeake bay state.--The term ``Chesapeake Bay State'' or 
    ``State'' means any of--
            (A) the States of Maryland, West Virginia, Delaware, and 
        New York;
            (B) the Commonwealths of Virginia and Pennsylvania; and
            (C) the District of Columbia.
        (3) Chesapeake bay watershed.--The term ``Chesapeake Bay 
    watershed'' means all tributaries, backwaters, and side channels, 
    including watersheds, draining into the Chesapeake Bay.
        (4) Chesapeake executive council.--The term ``Chesapeake 
    Executive Council'' has the meaning given the term by section 
    117(a) of the Federal Water Pollution Control Act (33 U.S.C. 
    1267(a)).
        (5) Chief executive.--The term ``chief executive'' means, in 
    the case of a State or Commonwealth, the Governor of the State or 
    Commonwealth and, in the case of the District of Columbia, the 
    Mayor of the District of Columbia.
        (6) Director.--The term ``Director'' means the Director of the 
    Office of Management and Budget.
        (7) Federal restoration activity.--
            (A) In general.--The term ``Federal restoration activity'' 
        means a Federal program or project carried out under Federal 
        authority in existence as of the date of enactment of this Act 
        with the express intent to directly protect, conserve, or 
        restore living resources, habitat, water resources, or water 
        quality in the Chesapeake Bay watershed, including programs or 
        projects that provide financial and technical assistance to 
        promote responsible land use, stewardship, and community 
        engagement in the Chesapeake Bay watershed.
            (B) Categorization.--Federal restoration activities may be 
        categorized as follows:
                (i) Physical restoration.
                (ii) Planning.
                (iii) Feasibility studies.
                (iv) Scientific research.
                (v) Monitoring.
                (vi) Education.
                (vii) Infrastructure development.
        (8) State restoration activity.--
            (A) In general.--The term ``State restoration activity'' 
        means any State program or project carried out under State 
        authority that directly or indirectly protect, conserve, or 
        restore living resources, habitat, water resources, or water 
        quality in the Chesapeake Bay watershed, including programs or 
        projects that promote responsible land use, stewardship, and 
        community engagement in the Chesapeake Bay watershed.
            (B) Categorization.--State restoration activities may be 
        categorized as follows:
                (i) Physical restoration.
                (ii) Planning.
                (iii) Feasibility studies.
                (iv) Scientific research.
                (v) Monitoring.
                (vi) Education.
                (vii) Infrastructure development.
SEC. 3. CHESAPEAKE BAY CROSSCUT BUDGET.
    (a) In General.--The Director, in consultation with the Chesapeake 
Executive Council, the chief executive of each Chesapeake Bay State, 
and the Chesapeake Bay Commission, shall submit to Congress a financial 
report containing--
        (1) an interagency crosscut budget that displays, as 
    applicable--
            (A) the proposed funding for any Federal restoration 
        activity to be carried out in the succeeding fiscal year, 
        including any planned interagency or intra-agency transfer, for 
        each of the Federal agencies that carry out restoration 
        activities;
            (B) to the extent that information is available, the 
        estimated funding for any State restoration activity to be 
        carried out in the succeeding fiscal year;
            (C) all expenditures for Federal restoration activities 
        from the preceding 2 fiscal years, the current fiscal year, and 
        the succeeding fiscal year;
            (D) all expenditures, to the extent that information is 
        available, for State restoration activities during the 
        equivalent time period described in subparagraph (C); and
            (E) a section that identifies and evaluates, based on need 
        and appropriateness, specific opportunities to consolidate 
        similar programs and activities within the budget and 
        recommendations to Congress for legislative action to 
        streamline, consolidate, or eliminate similar programs and 
        activities within the budget;
        (2) a detailed accounting of all funds received and obligated 
    by each Federal agency for restoration activities during the 
    current and preceding fiscal years, including the identification of 
    funds that were transferred to a Chesapeake Bay State for 
    restoration activities;
        (3) to the extent that information is available, a detailed 
    accounting from each State of all funds received and obligated from 
    a Federal agency for restoration activities during the current and 
    preceding fiscal years; and
        (4) a description of each of the proposed Federal and State 
    restoration activities to be carried out in the succeeding fiscal 
    year (corresponding to those activities listed in subparagraphs (A) 
    and (B) of paragraph (1)), including--
            (A) the project description;
            (B) the current status of the project;
            (C) the Federal or State statutory or regulatory authority, 
        program, or responsible agency;
            (D) the authorization level for appropriations;
            (E) the project timeline, including benchmarks;
            (F) references to project documents;
            (G) descriptions of risks and uncertainties of project 
        implementation;
            (H) a list of coordinating entities;
            (I) a description of the funding history for the project;
            (J) cost sharing; and
            (K) alignment with the existing Chesapeake Bay Agreement, 
        Chesapeake Executive Council goals and priorities, and Annual 
        Action Plan required by section 205 of Executive Order 13508 
        (33 U.S.C. 1267 note; relating to Chesapeake Bay protection and 
        restoration).
    (b) Minimum Funding Levels.--In describing restoration activities 
in the report required under subsection (a), the Director shall only 
include--
        (1) for the first 3 years that the report is required, 
    descriptions of--
            (A) Federal restoration activities that have funding 
        amounts greater than or equal to $300,000; and
            (B) State restoration activities that have funding amounts 
        greater than or equal to $300,000; and
        (2) for every year thereafter, descriptions of--
            (A) Federal restoration activities that have funding 
        amounts greater than or equal to $100,000; and
            (B) State restoration activities that have funding amounts 
        greater than or equal to $100,000.
    (c) Deadline.--The Director shall submit to Congress the report 
required by subsection (a) not later than September 30 of each year.
    (d) Report.--Copies of the report required by subsection (a) shall 
be submitted to the Committees on Appropriations, Natural Resources, 
Energy and Commerce, and Transportation and Infrastructure of the House 
of Representatives and the Committees on Appropriations, Environment 
and Public Works, and Commerce, Science, and Transportation of the 
Senate.
    (e) Effective Date.--This section shall apply beginning with the 
first fiscal year after the date of enactment of this Act.
SEC. 4. INDEPENDENT EVALUATOR FOR THE CHESAPEAKE BAY PROGRAM.
    (a) In General.--There shall be an Independent Evaluator for 
restoration activities in the Chesapeake Bay watershed, who shall 
review and report on--
        (1) restoration activities; and
        (2) any related topics that are suggested by the Chesapeake 
    Executive Council.
    (b) Appointment.--
        (1) In general.--Not later than 30 days after the date of 
    submission of nominees by the Chesapeake Executive Council, the 
    Independent Evaluator shall be appointed by the Administrator from 
    among nominees submitted by the Chesapeake Executive Council with 
    the consultation of the scientific community.
        (2) Nominations.--The Chesapeake Executive Council may nominate 
    for consideration as Independent Evaluator a science-based 
    institution of higher education.
        (3) Requirements.--The Administrator shall only select as 
    Independent Evaluator a nominee that the Administrator determines 
    demonstrates excellence in marine science, policy evaluation, or 
    other studies relating to complex environmental restoration 
    activities.
    (c) Reports.--Not later than 180 days after the date of appointment 
and once every 2 years thereafter, the Independent Evaluator shall 
submit to Congress a report describing the findings and recommendations 
of reviews conducted under subsection (a).
SEC. 5. PROHIBITION ON NEW FUNDING.
    No additional funds are authorized to be appropriated to carry out 
this Act.

                               Speaker of the House of Representatives.

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

(This measure has not been amended since it was passed by the Senate on December 2, 2014.  Chesapeake Bay Accountability and Recovery Act of 2014 - (Sec. 3) Requires the Office of Management and Budget (OMB) to submit to Congress a financial report on restoration activities in the Chesapeake Bay watershed by September 30 of each year. Requires the report to contain:   an interagency crosscut budget for federal and state restoration activities that protect, conserve, or restore living resources, habitat, water resources, or water quality in the Chesapeake Bay watershed; an accounting of funds received and obligated by each federal agency for restoration activities during the current and preceding fiscal years;  an accounting from Maryland, West Virginia, Delaware, New York, Virginia, Pennsylvania, and the District of Columbia of all funds received and obligated from a federal agency for restoration activities during the current and preceding fiscal years; and a description of each of the proposed federal and state restoration activities to be carried out in the succeeding fiscal year.   Requires the report to describe only restoration activities that have funding amounts of at least $300,000 for the first three years and restoration activities that have funding amounts of at least $100,000 thereafter. (Sec. 4) Establishes an Independent Evaluator for the Chesapeake Bay watershed to review and report to Congress every two years on restoration activities and related topics that are suggested by the Chesapeake Executive Council. Sets forth the process for appointment of the Independent Evaluator and the qualifications for the position.  (Sec. 5) Provides that no additional funds are authorized to be appropriated to carry out this Act.