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]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Medicare Identity Theft Prevention 
Act of 2010''.

SEC. 2. PROHIBITION OF INCLUSION OF SOCIAL SECURITY ACCOUNT NUMBERS ON 
              MEDICARE CARDS.

    (a) In General.--Section 205(c)(2)(C) of the Social Security Act 
(42 U.S.C. 405(c)(2)(C)), as amended by section 1414(a)(2) of the 
Patient Protection and Affordable Care Act (Public Law 111-148), is 
amended by adding at the end the following new clause:
    ``(xi) The Secretary of Health and Human Services, in consultation 
with the Commissioner of Social Security, shall establish cost-
effective procedures to ensure that a social security account number 
(or any derivative thereof) is not displayed, coded, or embedded on the 
Medicare card issued to an individual who is entitled to benefits under 
part A of title XVIII or enrolled under part B of title XVIII and that 
any other identifier displayed on such card is easily identifiable as 
not being the social security account number (or a derivative 
thereof).''.
    (b) Effective Date.--
            (1) In general.--The amendment made by subsection (a) shall 
        apply with respect to Medicare cards issued on and after an 
        effective date specified by the Secretary of Health and Human 
        Services, but in no case shall such effective date be later 
        than the date that is 24 months after the date adequate funding 
        is provided pursuant to subsection (d)(2).
            (2) Reissuance.--Subject to subsection (d)(2), in the case 
        of individuals who have been issued such cards before such 
        date, the Secretary of Health and Human Services--
                    (A) shall provide for the reissuance for such 
                individuals of such a card that complies with such 
                amendment not later than 3 years after the effective 
                date specified under paragraph (1); and
                    (B) may permit such individuals to apply for the 
                reissuance of such a card that complies with such 
                amendment before the date of reissuance otherwise 
                provided under subparagraph (A) in such exceptional 
                circumstances as the Secretary may specify.
    (c) Outreach Program.--Subject to subsection (d)(2), the Secretary 
of Health and Human Services, in consultation with the Commissioner of 
Social Security, shall conduct an outreach program to Medicare 
beneficiaries and providers about the new Medicare card provided under 
this section.
    (d) Report to Congress and Limitations on Effective Date.--
            (1) Report.--Not later than 90 days after the date of the 
        enactment of this Act, the Secretary of Health and Human 
        Services, acting through the Administrator of the Centers for 
        Medicare & Medicaid Services and in consultation with the 
        Commissioner of Social Security, shall submit to Congress a 
        report that includes detailed options regarding the 
        implementation of this section, including line-item estimates 
        of and justifications for the costs associated with such 
        options and estimates of timeframes for each stage of 
        implementation. In recommending such options, the Secretary 
        shall take into consideration, among other factors, cost-
        effectiveness and beneficiary outreach and education.
            (2) Limitation; modification of deadlines.--With respect to 
        the amendment made by subsection (a), and the requirements of 
        subsections (b) and (c)--
                    (A) such amendment and requirements shall not apply 
                until adequate funding is appropriated pursuant to 
                paragraph (3) to implement the provisions of this 
                section, as determined by Congress; and
                    (B) any deadlines otherwise established under this 
                section for such amendment and requirements are 
                contingent upon the receipt of adequate funding (as 
                determined in subparagraph (A)) for such 
                implementation.
        The previous sentence shall not affect the timely submission of 
        the report required under paragraph (1).
            (3) Authorization of appropriations.--
                    (A) In general.--In addition to any amounts made 
                available to the Secretary of Health and Human Services 
                for the Program Management Account of the Centers for 
                Medicare & Medicaid Services for administrative 
                expenses and to the Commissioner of Social Security for 
                administrative expenses, and subject to subparagraph 
                (B), taking into consideration the report submitted 
                under paragraph (1), there are authorized to be 
                appropriated such sums as are necessary to carry out 
                the previous subsections of this section, including 
                section 205(c)(2)(C)(xi) of the Social Security Act, as 
                added by subsection (a), for each of the five fiscal 
                years beginning after the date of submittal of the 
                report under paragraph (1).
                    (B) Limitation.--Such funds are not authorized to 
                be appropriated until after receipt of the report 
                provided under paragraph (1).
[A]: Medicare Identity Theft Prevention Act of 2010 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to direct the Secretary of Health and Human Services (HHS) to establish cost-effective procedures to ensure that: (1) a Social Security account number (or any derivative) is not displayed, coded, or embedded on the Medicare card issued to an individual entitled to benefits under part A (Hospital Insurance) of title XVIII (Medicare) of the Social Security Act or enrolled under Medicare part B (Supplementary Medical Insurance); and (2) any other identifier displayed on such card is easily identifiable as not being the Social Security account number (or a derivative).


[Q]: 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.
[A]: 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.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Transform America Transaction Fee of 
2004''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) An effective stimulus plan meets the criteria of job 
        creation, fiscal responsibility, fairness, targeting of unmet 
        needs, tax reform and revenue sharing.
            (2) Economic viability is inexorably linked to the rate of 
        economic growth.
            (3) The current tax structure creates economic distortions 
        that limit growth and job creation.
            (4) The cost of compliance to taxpayers is five billion 
        hours and approximately $200 billion.
            (5) The tax code produces inefficiency in revenue raising 
        that forces the nation to struggle unnecessarily under the 
        burden of unequal and inadequate systems of public education 
        and health care, a crumbling physical and social services 
        infrastructure, and a crushing national debt.
            (6) Restructuring the tax code would promote economic 
        prosperity.
            (7) Replacing existing Federal taxes with a fee on 
        transactions eliminates systemic inefficiency that plagues the 
        current tax code.
            (8) Implementing a transaction fee would allow businesses 
        to undertake projects that were not profitable in the past and 
        workers would be more willing to supply labor than before.
            (9) Responsible tax reform is necessary for all to enjoy 
        financial security, economic prosperity, educational 
        opportunities, and affordable health care.
            (10) Therefore, it is necessary for the Department of the 
        Treasury to conduct a transaction fee and implementation 
        feasibility study to achieve these stated goals.

SEC. 3. STUDY ON THE IMPLEMENTATION OF A TRANSACTION FEE.

    (a) In General.--The Secretary of the Treasury shall conduct an in-
depth study on the implementation of a transaction tax in the United 
States. In particular, such study shall include a detailed feasibility 
and impact analysis of the proposal outlined in subsection (b) (as well 
as an implementation/action plan) to replace all existing Federal taxes 
with a per transaction fee based on the value of the transaction.
    (b) Transaction Tax Proposal.--
            (1) In general.--The fee under the proposal would apply to 
        all cash and non-cash transactions (including checks, credit 
        cards, transfers of stocks, bonds, and other financial 
        instruments).
            (2) Exclusions.--The fee would not apply to--
                    (A) cash transactions of less than $500, and
                    (B) salaries and wages by employers to employees.
            (3) Cash withdrawals from financial institutions.--The fee 
        under the proposal would apply to cash withdrawals from 
        financial institutions and be set at a rate that is either 
        double or higher than the standard transaction fee.
            (4) Fee rate.--
                    (A) In general.--The fee rate is set at a level 
                sufficient to generate revenues equal to revenues under 
                the Internal Revenue Code of 1986.
                    (B) Other potential uses of fee.--The fee rate 
                could be structured to cover 1 or more of the 
                following:
                            (i) A national debt reduction plan 
                        requiring elimination of the current national 
                        debt of $6.846 trillion over a period of 10 
                        years, with equal annual payments.
                            (ii) A Federal revenue sharing program 
                        providing funding to States to support 50% of 
                        the K-16 education costs of each State which 
                        agrees to adopt an equitable public school 
                        finance system.
                            (iii) A Federal program providing health 
                        care insurance coverage (for the current 
                        estimated 43 million uninsured Americans) which 
                        is comparable to the Federal employee benefit 
                        program or Medicare.
                            (iv) A Federal revenue sharing program 
                        supporting community and economic development 
                        investments in high poverty rural and urban 
                        areas at a level equal to 10% of current 
                        Federal tax revenues.
            (5) Progressivity.--The base standard transaction fee shall 
        not be greater than 1% for all noncash transactions under $500. 
        If more revenues are needed to meet the requirements of 
        paragraph (4), the Secretary of the Treasury would calculate 
        the minimum level of progressivity required to cover these 
        costs. This progressivity factor may include--
                    (A) a higher transaction fee for all transactions 
                above $500, and
                    (B) a progressive schedule of rates to tiered 
                ranges of transactions above $500.
            (6) General provisions.--
                    (A) Liability for fee.--Persons become liable for 
                the fee at the moment the person exercises control over 
                a piece of property or service, regardless of the 
                payment method.
                    (B) Collection.--The fees will be collected by the 
                seller or financial institution servicing the 
                transaction.
    (c) Report of Study.--
            (1) In general.--The results of the study shall be 
        submitted to the Congress by the Secretary of the Treasury in a 
        comprehensive analytical report, detailing--
                    (A) the methodology employed in the calculation of 
                the fee rate,
                    (B) the factors considered in assessing feasibility 
                of the proposed revenue generating system and the 
                weight applied to each, and
                    (C) the portion of the transaction fee attributable 
                to each of the programs identified in paragraph (3)(B) 
                and the methodology used to calculate each.
            (2) Other requirements.--The study shall (in the following 
        order)--
                    (A) compute the fee needed to meet current revenue 
                generation,
                    (B) compute the fee needed to meet revenue 
                neutrality and generate additional revenue to support 
                the program described in paragraph (3)(B)(i) (relating 
                to national debt reduction plan),
                    (C) compute the fee needed to meet revenue 
                neutrality and generate additional revenue to support 
                all the programs described in paragraph (3)(B), and
                    (D) determine the utility of pegging changes in the 
                transaction fee schedule of rates to the rate of 
                inflation.
            (3) Comparative analysis.--The study shall include a 
        comparative analysis of the existing revenue-raising system 
        versus the proposed fee-based system on economic behavior. The 
        study shall include an analysis of effect of the 2 systems on--
                    (A) job creation,
                    (B) economic growth,
                    (C) consumption,
                    (D) investments, and
                    (E) savings levels.
            (4) Types of transactions.--The study shall include a 
        broad-based examination of all types and categories of 
        transactions, including information on frequency and value of 
        transactions in each category.
            (5) Impact of exemptions.--The study shall examine the 
        impact of the transaction fee exemption for all cash 
        transactions under $500.
            (6) Program operations.--The study shall provide 
        instructions on program operations, including--
                    (A) transaction fee collection,
                    (B) transaction fee implementation, and
                    (C) transaction fee compliance, enforcement, and 
                administrative costs.
            (7) Fee as tool of fiscal policy.--The study shall assess 
        the transaction fee as a tool of Federal fiscal policy, 
        including an impact analysis on the elimination or retention of 
        existing tax expenditures, incentives, penalties, and credits. 
        The study should also research and comment on options for 
        rebating citizens currently not subject to Federal income taxes 
        and/or other current aspects of the Federal tax code (i.e. the 
        earned income credit, the alternative minimum tax, and the 
        child tax credit).
            (8) Impact of fee by income levels.--The study shall 
        include an assessment of the impact of the transaction fee by 
        quartile income levels.
            (9) Implementation plan.--The study shall include a 
        detailed action plan on how best to implement a transaction tax 
        in the United States and shall include--
                    (A) information on timeline, agency reform, 
                potential pertinent regulatory issues, and type of 
                congressional action needed, and
                    (B) an examination of the feasibility of modifying 
                the overall mission and jurisdiction of the Internal 
                Revenue Service from one focused on tax law application 
                to one focused on uncovering and eliminating waste, 
                fraud, and abuse throughout the Federal Government.
    (d) Due Date.--The report of the study shall be submitted to the 
Congress not later than 1 year after enactment of this Act.
[A]:
Transform America Transaction Fee of 2004 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction tax in the United States, including a detailed feasibility and impact analysis of, and an implementation/action plan for, a proposal to replace all existing Federal taxes with a per transaction fee based on the value of the transaction.