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

Q: SEC. 1. SHORT TITLE.

    This Act may be cited as the ``Community Partnerships Against Crime 
Act'', or ``COMPAC''.

SEC. 2. COMMUNITY PARTNERSHIPS AGAINST CRIME.

    (a) Conforming Provisions.--(1) Section 5001 of the Anti-Drug Abuse 
Act of 1988 is amended--
            (A) by striking

      ``Chapter 2--Public and Assisted Housing Drug Elimination''

        and inserting in lieu thereof the following:

          ``Chapter 2--Community Partnerships Against Crime'';

            (B) by striking ``Congressional findings.'' and 
            inserting in lieu thereof the following: 
            ``Purposes.''; and
            (C) by adding after

``Sec. 5130. Authorization of appropriations.''
        the following:

``Sec. 5131. Technical assistance.''.
    (2) The heading for chapter 2 of subtitle C of title V of the Anti-
Drug Abuse Act of 1988 is amended to read as follows:

          ``CHAPTER 2--COMMUNITY PARTNERSHIPS AGAINST CRIME''.

    (b) Short Title, Purposes, and Authority To Make Grants.--Sections 
5121, 5122, and 5123 of the Public and Assisted Housing Drug 
Elimination Act of 1990 are amended to read as follows:

``SEC. 5121. SHORT TITLE.

    ``This chapter may be cited as the `Community Partnerships Against 
Crime Act of 1993'.

``SEC. 5122. PURPOSES.

    ``The purposes of this chapter are to--
            ``(1) substantially expand and enhance the Federal 
        Government's commitment to eliminating crime in public housing;
            ``(2) broaden the scope of the Public and Assisted Housing 
        Drug Elimination Act of 1990 to apply to all types of crime, 
        and not simply crime that is drug-related;
            ``(3) target opportunities for long-term commitments of 
        funding primarily to public housing agencies with serious crime 
        problems;
            ``(4) encourage the involvement of a broad range of 
        community-based groups, and residents of neighboring housing 
        that is owned or assisted by the Secretary, in the development 
        and implementation of anti-crime plans;
            ``(5) reduce crime and disorder in and around public 
        housing through the expansion of community-oriented policing 
        activities and problem solving;
            ``(6) provide training, information services, and other 
        technical assistance to program participants; and
            ``(7) establish a standardized assessment system to 
        evaluate need among public housing agencies, and to measure 
        progress in reaching crime reduction goals.

``SEC. 5123. AUTHORITY TO MAKE GRANTS.

    ``The Secretary of Housing and Urban Development, in accordance 
with the provisions of this chapter, may make grants, for use in 
eliminating crime in and around public and other federally assisted 
low-income housing projects (1) to public housing agencies (including 
Indian housing authorities) and (2) using amounts appropriated for 
fiscal year 1994 only, to private, for-profit and nonprofit owners of 
federally assisted low-income housing. In designing the program, the 
Secretary shall consult with the Attorney General.''.
    (c) Eligible Activities.--Section 5124 of such Act is amended--
            (1) by striking ``(a) Public and Assisted Housing.--'';
            (2) by inserting in the introductory material, immediately 
        after ``used in'', the following: ``and around'';
            (3) in paragraph (3), by inserting immediately before the 
        semicolon the following: ``, such as fencing, lighting, 
        locking, and surveillance systems'';
            (4) by striking paragraph (4)(A) and inserting in lieu 
        thereof the following new subparagraph:
                    ``(A) to investigate crime; and'';
            (5) in paragraph (6)--
                    (A) by striking ``in and around public or other 
                federally assisted low-income housing projects''; and
                    (B) by striking ``and'' after the semicolon;
            (6) in paragraph (7)--
                    (A) by striking ``where a public housing agency 
                receives a grant,'';
                    (B) by striking ``drug abuse'' and inserting in 
                lieu thereof ``crime''; and
                    (C) by striking the period at the end and inserting 
                in lieu thereof a colon;
            (7) by adding the following new paragraphs after paragraph 
        (7):
            ``(8) the employment or utilization of one or more 
        individuals, including law enforcement officers, made available 
        by contract or other cooperative arrangement with State or 
        local law enforcement agencies, to engage in community- and 
        problem-oriented policing involving interaction with members of 
        the community on proactive crime control and prevention;
            ``(9) youth initiatives, such as activities involving 
        training, education, after school programs, cultural programs, 
        recreation and sports, career planning, and entrepreneurship 
        and employment; and
            ``(10) resident service programs, such as job training, 
        education programs, and other appropriate social services which 
        address the contributing factors of crime.''; and
            (8) by striking subsection (b).
    (d) Applications.--Section 5125 of such Act is amended--
            (1) in subsection (a)--
                    (A) by adding the paragraph designation ``(1)'' 
                immediately after ``In general.--'';
                    (B) in the first sentence, by striking ``, a public 
                housing resident management corporation,'';
                    (C) in the second sentence, by striking ``drug-
                related crime on the premises of'' and inserting in 
                lieu thereof the following: ``crime in and around''; 
                and
                    (D) by adding the following new paragraphs at the 
                end:
            ``(2) The Secretary shall, by regulation issued after 
        notice and opportunity for public comment, set forth criteria 
        for establishing a class of public housing agencies that have 
        especially severe crime problems. Any public housing agency 
        within this class may submit an application for a one-year 
        grant under this chapter that, subject to the availability of 
        appropriated amounts, shall be renewed for a period not 
        exceeding the four subsequent years: Provided, That the 
        Secretary finds, after an annual or more frequent performance 
        review, that the public housing agency is performing under the 
        terms of the grant and applicable laws in a satisfactory manner 
        and meets such other requirements as the Secretary may 
        prescribe.
            ``(3) Any eligible applicant may submit an application for 
        a grant for a period of up to two years. The Secretary may 
        accord a preference to applications seeking a subsequent grant 
        under this paragraph if the grant is to be used to continue or 
        expand activities assisted under a previous grant under this 
        paragraph and the Secretary finds that the applicant's program 
        under the prior grant is being managed soundly and demonstrates 
        success. Any preferences under the preceding sentence shall not 
        unreasonably prejudice the opportunities of other public 
        housing agencies to be awarded grants under this paragraph.'';
            (2) in subsection (b)--
                    (A) in the introductory material, by striking 
                ``subsections (c) and (d)'' and inserting in lieu 
                thereof ``subsections (a) and (c)'';
                    (B) in paragraph (1), by striking ``drug-related 
                crime problem in'' and inserting in lieu thereof the 
                following: ``crime problem in and around'';
                    (C) in paragraph (2), by inserting immediately 
                after ``crime problem in'' the following: ``and 
                around''; and
                    (D) in paragraph (4), by inserting after ``local 
                government'' the following: ``, local community-based 
                non-profit organizations, local resident organizations 
                that represent the residents of neighboring projects 
                that are owned or assisted by the Secretary,'';
            (3) in subsection (c)(2) by striking ``drug-related'' the 
        two places it appears; and
            (4) by striking subsection (d).
    (e) Definitions.--Section 5126 of such Act is amended by striking 
paragraphs (1) and (2), and renumbering paragraphs (3) and (4) as 
paragraphs (1) and (2), respectively.
    (f) Implementation.--Section 5127 of such Act is amended to read as 
follows:

``SEC 5127. IMPLEMENTATION.

    ``The Secretary shall issue regulations to implement this chapter 
within 180 days of the enactment of the Community Partnerships Against 
Crime Act.''.
    (g) Reports.--Section 5128 of such Act is amended by striking 
``drug-related crime in'' and inserting in lieu thereof the following: 
``crime in and around''.
    (h) Authorization of Appropriations.--Section 5130 of such Act is 
amended--
            (1) in the first sentence of subsection (a), by striking 
        ``$175,000,000 for fiscal year 1993'' and all that follows and 
        inserting in lieu thereof: ``$265,000,000 for fiscal year 1994 
        and $325,000,000 for fiscal year 1995.'';
            (2) in subsection (b)--
                    (A) by striking ``Set-Asides'' and inserting in 
                lieu thereof ``Set-Aside'';
                    (B) by striking the first sentence;
                    (C) by striking ``drug elimination'';
                    (D) by striking ``fiscal years 1993 and 1994''; and
                    (E) by striking ``and 5.0 percent'' and all that 
                follows through the end of the sentence and inserting 
                in lieu thereof a period; and
            (3) by striking subsection (c) and section 520(k) of the 
        Cranston-Gonzalez National Affordable Housing Act.
    (i) Technical Assistance.--Such Act is further amended by adding at 
the end thereof the following new section:

``SEC. 5131. TECHNICAL ASSISTANCE.

    ``Of the amounts appropriated annually for each of fiscal years 
1994 and 1995 to carry out this chapter, the Secretary is authorized to 
use up to $10,000,000, directly or indirectly, under grants, contracts, 
cooperative agreements, or otherwise, to provide training, information 
services, and other technical assistance to public housing agencies and 
other entities with respect to their participation in the program 
authorized by this chapter. Such technical assistance may include the 
establishment and operation of the clearinghouse on drug abuse in 
public housing and the regional training program on drug abuse in 
public housing under sections 5143 and 5144 of this Act. The Secretary 
is also authorized to use the foregoing amounts for obtaining 
assistance in establishing and managing assessment and evaluation 
criteria and specifications, and obtaining the opinions of experts in 
relevant fields.''.

A: Community Partnerships Against Crime Act, or COMPAC - Amends the Public and Assisted Housing Drug Elimination Act of 1990 to expand the use of anti-drug crime public housing grants to all types of crime. 
Makes long-term (one-year initial, five-year total) grants available to public housing authorities with especially severe crime problems.  Makes other applicants eligible for two-year grants, with preference for subsequent funding.
****
Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Family Investment Package''.

SEC. 2. ASSISTANCE FOR LOW-INCOME WORKING FAMILIES.

    (a) Block Grants.--Section 658B of the Child Care Development Block 
Grant Act of 1990 (42 U.S.C. 9858) is amended to read as follows:

``SEC. 658B. FUNDING OF GRANTS.

    ``(a) Authorization of Appropriations.--Except as provided in 
subsection (b), there is authorized to be appropriated to carry out 
this subchapter $2,000,000,000 for each of fiscal years 1997 through 
2002.
    ``(b) Appropriation.--The Secretary shall pay, from funds in the 
Treasury not otherwise appropriated, $1,400,000,000 for fiscal years 
1997 through 2002, through the awarding of grants to States under this 
subchapter for the purpose of providing child care services for 
families who have left the State program of assistance under part A of 
title IV of the Social Security Act because of employment, families 
that are at risk of becoming dependent on such assistance program, and 
low-income working families described in section 658E(c)(3)(D). Funds 
shall be paid under this subsection to the States in the same manner, 
and subject to the same requirements and limitations, as funds are paid 
to the States under section 418 of the Social Security Act (42 U.S.C. 
618).''.
    (b) Grants for Child Care Supply Shortages.--Section 658E(c)(3) of 
the Child Care Development Block Grant Act of 1990 (42 U.S.C. 
9858c(c)(3)) is amended by adding at the end the following:
                    ``(E) Child care supply shortages.--
                            ``(i) In general.--A State shall ensure 
                        that 100 percent of amounts paid to the State 
                        out of funds appropriated under section 
                        658B(a)(2) with respect to each of the fiscal 
                        years 1997 through 2002 shall be used to carry 
                        out child care activities described in clause 
                        (ii) in geographic areas within the State that 
                        have a shortage, as determined by the State, in 
                        consultation with localities, of child care 
                        services.
                            ``(ii) Child care activities described.--
                        The child care activities described in this 
                        clause include the following:
                                    ``(I) Infant care programs.
                                    ``(II) Before- and after-school 
                                child care programs.
                                    ``(III) Resource and referral 
                                programs.
                                    ``(IV) Nontraditional work hours 
                                child care programs.
                                    ``(V) Extending the hours of pre-
                                kindergarten programs to provide full-
                                day services.
                                    ``(VI) Any other child care 
                                programs that the Secretary determines 
                                are appropriate.''.
    (c) Authorization of Appropriations for Low-Income Working 
Families.--
            (1) In general.--Section 658B(a) of the Child Care 
        Development Block Grant Act of 1990 (42 U.S.C. 9858(a)), as 
        amended by subsection (f), is amended--
                    (A) by striking ``Except as provided in'' and 
                inserting the following:
            ``(1) In general.--Except as provided in paragraph (2) 
        and''; and
                    (B) by adding at the end the following:
            ``(2) Child care supply shortages.--There is authorized to 
        be appropriated to carry out section 658E(c)(3)(E), 
        $500,000,000 for each of fiscal years 1997 through 2002.''.
            (2) Conforming amendment.--Section 658(c)(3)(A) of the 
        Child Care Development Block Grant Act of 1990 (42 U.S.C. 
        9858c(c)(3)(A)) is amended by striking ``(D)'' and inserting 
        ``(E)''.
    (d) Report on Access to Child Care by Low-Income Working 
Families.--
            (1) In general.--Section 658K(a)(2) of the Child Care 
        Development Block Grant Act of 1990 (42 U.S.C. 9858i(a)(2)) is 
        amended--
                    (A) in subparagraph (D), by striking ``and'' at the 
                end; and
                    (B) by inserting after subparagraph (E), the 
                following:
                    ``(F) the total number of families described in 
                section 658B(b) that were eligible for but did not 
                receive assistance under this subchapter or under 
                section 418 of the Social Security Act and a 
                description of the obstacles to providing such 
                assistance; and
                    ``(G) the total number of families described in 
                section 658B(b) that received assistance provided under 
                this subchapter or under section 418 of the Social 
                Security Act and a description of the manner in which 
                that assistance was provided;''.
            (2) Secretarial reporting requirement.--Section 658L of the 
        Child Care Development Block Grant Act of 1990 (42 U.S.C. 
        9858j) is amended by inserting ``, with particular emphasis on 
        access of low-income working families,'' after ``public''.
    (e) Effective Date.--The amendments made by this section shall take 
effect as if included in the enactment of the Personal Responsibility 
and Work Opportunity Reconciliation Act of 1996 (Public Law 104-193, 
110 Stat. 2105).

A: Family Investment Package - Amends the Child Care Development Block Grant Act of 1990 to increase the authorization of appropriations for FY 1997 through 2002 for block grants to States for child care assistance for low-income working families. 
Authorizes separate appropriations for such period for grants to States for specified child care activities in geographic areas with child care supply shortages. 
Authorizes appropriations in a specified amount to the Secretary of Health and Human Services for FY 1997 through 2002 to award grants to States for providing child care services for families who have left the State program of assistance under part A (Temporary Assistance for Needy Families) of title IV of the Social Security Act because of employment, families that are at risk of becoming dependent on such assistance program, and low-income working families. 
Requires States and the Secretary to report on access to child care by low-income working families.
****
Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investor, Shareholder, and Employee 
Protection Act of 2002''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) The failure of accounting firms to provide accurate 
        audits of its clients is not a new or isolated problem.
            (2) Accounting firms have been implicated in failed audits 
        that have cost investors billions of dollars when earnings 
        restatements sent stock prices tumbling.
            (3) Auditors have an inherent conflict of interest. They 
        are hired, and fired, by their audit clients.
            (4) This conflict of interest pressures auditors to sign 
        off on substandard financial statements rather than risk losing 
        a large client.
            (5) Auditing a public company for the benefit of small as 
        well as large investors requires independence.
            (6) Therefore the only truly independent audit is one by a 
        governmental agency.
            (7) The Federal Bureau of Audits, closely regulated by the 
        Commission, will provide honest audits of all publicly traded 
        companies.

SEC. 3. ESTABLISHMENT OF BUREAU.

    (a) Establishment.--There is hereby established within the 
Commission an independent regulatory agency to be known as the Federal 
Bureau of Audits.
    (b) Function of the Bureau.--The Bureau shall conduct an annual 
audit of the financial statements that are required to be submitted by 
reporting issuers and to be certified under the securities laws or the 
rules or regulations thereunder.
    (c) Officers.--
            (1) Bureau head.--The head of the Bureau shall be a 
        Director, who shall be appointed by the President, by and with 
        the advice and consent of the Senate.
            (2) Additional officers.--There shall also be in the Bureau 
        a Deputy Director and an Inspector General, each of whom shall 
        be appointed by the President, by and with the advice and 
        consent of the Senate.
            (3) Terms.--The Director, Deputy Director, and Inspector 
        General shall be appointed for terms of 12 years, except that--
                    (A) the first term of office of the Deputy Director 
                shall be eight years; and
                    (B) the first term of office of the Inspector 
                General shall be 4 years.
    (d) Independence.--Except as provided in sections 4 and 5, in the 
performance of their functions, the officers, employees, or other 
personnel of the Bureau shall not be responsible to or subject to the 
supervision or direction of any officer, employee, or agent of any 
other part of the Commission.
    (e) Administrative Support.--The Commission shall provide to the 
Bureau such support and facilities as the Director determines it needs 
to carry out its functions.
    (f) Rules.--The Bureau is authorized to establish such procedural 
and administrative rules as are necessary to the exercise of its 
functions, but the Bureau may not establish any auditing standards 
within the jurisdiction of the Commission under sections 4 and 5.
    (g) Additional Authority.--In carrying out any of its functions, 
the Bureau shall have the power to hold hearings, sign and issue 
subpoenas, administer oaths, examine witnesses, and receive evidence at 
any place in the United States it may designate. The Bureau may, by one 
or more of its officers or by such agents as it may designate, conduct 
any hearing or other inquiry necessary or appropriate to its functions, 
except that nothing in this subsection shall be deemed to supersede the 
provisions of section 556 of title 5, United States Code relating to 
hearing examiners.
    (h) Conflict of Interest Provisions.--A person previously employed 
by the Bureau may not accept employment or compensation from an issuer 
audited by the Bureau or an accountant that provides audit related 
services to an issuer audited by the Bureau for 10 years after the last 
day of employment at the Bureau. Any current employee of the Bureau 
shall be required to place all investments in a blind trust, in 
accordance with regulations prescribed by the Commission. The employees 
of the Bureau who conduct the audits shall be exempt from the civil 
service pay system under section 4802 of title 5, United States Code, 
and shall be paid salaries that are competitive with similar private 
sector employment.
    (i) Legal Representation.--Except as provided in section 518 of 
title 28, United States Code, relating to litigation before the Supreme 
Court, attorneys designated by the Director of the Bureau may appear 
for, and represent the Bureau in, any civil action brought in 
connection with any function carried out by the Bureau pursuant to this 
Act or as otherwise authorized by law.

SEC. 4. ASSUMPTION OF AUTHORITY BY COMMISSION OVER AUDITING STANDARDS.

    (a) Assumption of Authority.--Pursuant to its authority under the 
securities laws to require the certification, in accordance with the 
rules of the Commission, of financial statements and other documents of 
reporting issuers of securities, the Commission shall, by rule, 
establish and revise as necessary auditing standards for audits of such 
financial statements.
    (b) Incorporation of Current Standards.--In adopting auditing 
standards under this section, the Commission shall incorporate 
generally accepted auditing standards in effect on the date of 
enactment of this Act, with such modifications as the Commission 
determines are necessary and appropriate in the public interest and for 
the protection of investors.
    (c) Additional Requirements for Rules.--The rules prescribed by the 
Commission under subsection (a)--
            (1) shall be available for public comment for not less than 
        90 days;
            (2) shall be prescribed not less than 180 days after the 
        date of enactment of this Act; and
            (3) shall be effective on the first January 1 that occurs 
        after the end of such 180 days.

SEC. 5. FEES FOR THE RECOVERY OF COSTS OF OPERATIONS.

    (a) In General.--The Commission shall in accordance with this 
section assess and collect a fee on each reporting issuer whose 
financial statements are audited by the Bureau. This section applies as 
of the first fiscal year that begins after the date of enactment of 
this Act (referred to in this section as the ``first applicable fiscal 
year'').
    (b) Total Fee Revenues; Individual Fee Amounts.--The total fee 
revenues collected under subsection (a) for a fiscal year shall be the 
amounts appropriated under subsection (d)(2) for such fiscal year. 
Individual fees shall be assessed by the Commission on the basis of an 
estimate by the Commission of the amount necessary to ensure that the 
sum of the fees collected for such fiscal year equals the amount so 
appropriated.
    (c) Fee Waiver or Reduction.--The Commission shall grant a waiver 
from or a reduction of a fee assessed under subsection (a) if the 
Commission finds that the fee to be paid will exceed the anticipated 
present and future costs of the operations of the Bureau.
    (d) Crediting and Availability of Fees.--
            (1) In general.--Fees collected for a fiscal year pursuant 
        to subsection (a) shall be credited to the appropriation 
        account for salaries and expenses of the Bureau and shall be 
        available until expended without fiscal year limitation.
            (2) Appropriations.--
                    (A) First fiscal year.--For the first applicable 
                fiscal year, there shall be available for the salaries 
                and expenses of the Bureau $5,150,000,000.
                    (B) Subsequent fiscal years.--For each of the four 
                fiscal years following the first applicable fiscal 
                year, there shall be available for the salaries and 
                expenses of the Bureau an amount equal to the amount 
                made available by paragraph (1) for the first 
                applicable fiscal year, multiplied by the adjustment 
                factor for such fiscal year (as defined in subsection 
                (f)).
    (e) Collection of Unpaid Fees.--In any case where the Commission 
does not receive payment of a fee assessed under subsection (a) within 
30 days after it is due, such fee shall be treated as a claim of the 
United States Government subject to subchapter II of chapter 37 of 
title 31, United States Code.
    (f) Definition of Adjustment Factor.--For purposes of this section, 
the term ``adjustment factor'' applicable to a fiscal year is the lower 
of--
            (1) the Consumer Price Index for all urban consumers (all 
        items; United States city average) for April of the preceding 
        fiscal year divided by such Index for April of the first 
        applicable fiscal year; or
            (2) the total of discretionary budget authority provided 
        for programs in categories other than the defense category for 
        the immediately preceding fiscal year (as reported in the 
        Office of Management and Budget sequestration preview report, 
        if available, required under section 254(c) of the Balanced 
        Budget and Emergency Deficit Control Act of 1985) divided by 
        such budget authority for the first applicable fiscal year (as 
        reported in the Office of Management and Budget final 
        sequestration report submitted for such year).
For purposes of this subsection, the terms ``budget authority'' and 
``category'' have the meaning given such terms in the Balanced Budget 
and Emergency Deficit Control Act of 1985.''.

SEC. 5. DEFINITIONS.

    As used in this Act:
            (1) Commission.--The term ``Commission'' means the 
        Securities and Exchange Commission.
            (2) Securities laws.--The term ``securities laws'' means 
        the Securities Act of 1933 (15 U.S.C. 77a et seq.), the 
        Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.), the 
        Trust Indenture Act of 1939 (15 U.S.C. 77aaa et seq.), the 
        Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.), the 
        Investment Advisers Act of 1940 (15 U.S.C. 80b et seq.), and 
        the Securities Investor Protection Act of 1970 (15 U.S.C. 78aaa 
        et seq.).
            (3) Reporting issuer.--The term ``reporting issuer'' means 
        any registrant under section 12 of the Securities Exchange Act 
        of 1934 (15 U.S.C. 78l) or any other issuer required to file 
        periodic reports under section 13 or 15 of such Act (15 U.S.C. 
        78m, 78o).

A:
Investor, Shareholder, and Employee Protection Act of 2002 - Establishes within the Securities and Exchange Commission (SEC) an independent regulatory agency to be known as the Federal Bureau of Audits, which shall conduct an annual audit of the financial statements submitted to the SEC by reporting issuers. Requires the President to appoint the Director of the Bureau, by and with the advice and consent of the Senate.Declares that officers, employees, and other Bureau personnel shall not be responsible to or subject to the supervision or direction of Commission personnel. Prohibits Bureau employees from receiving employment or compensation from an issuer audited by the Bureau, or any accountant that provides audit-related services to a Bureau-audited issuer, for ten years after employment with the Bureau.Requires the SEC to establish standards for such audits, incorporating generally accepted auditing standards in effect on the enactment of this Act, with any necessary and appropriate modifications.Directs the SEC to assess and collect a fee from each reporting issuer whose financial statements are audited by the Bureau.
****