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

Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Municipal Bond Market Support Act of 
2008''.

SEC. 2. MODIFICATION OF SMALL ISSUER EXCEPTION TO TAX-EXEMPT INTEREST 
              EXPENSE ALLOCATION RULES FOR FINANCIAL INSTITUTIONS.

    (a) Increase in Limitation.--Subparagraphs (C)(i), (D)(i), and 
(D)(iii)(II) of section 265(b)(3) of the Internal Revenue Code of 1986 
are each amended by striking ``$10,000,000'' and inserting 
``$30,000,000''.
    (b) Repeal of Aggregation Rules Applicable to Small Issuer 
Determination.--Paragraph (3) of section 265(b) of such Code is amended 
by striking subparagraphs (E) and (F).
    (c) Election To Apply Limitation at Borrower Level.--Paragraph (3) 
of section 265(b) of such Code, as amended by subsection (b), is 
amended by adding at the end the following new subparagraph:
                    ``(E) Election to apply limitation on amount of 
                obligations at borrower level.--
                            ``(i) In general.--An issuer, the proceeds 
                        of the obligations of which are to be used to 
                        make or finance eligible loans, may elect to 
                        apply subparagraphs (C) and (D) by treating 
                        each borrower as the issuer of a separate 
                        issue.
                            ``(ii) Eligible loan.--For purposes of this 
                        subparagraph--
                                    ``(I) In general.--The term 
                                `eligible loan' means one or more loans 
                                to a qualified borrower the proceeds of 
                                which are used by the borrower and the 
                                outstanding balance of which in the 
                                aggregate does not exceed $30,000,000.
                                    ``(II) Qualified borrower.--The 
                                term `qualified borrower' means a 
                                borrower which is an organization 
                                described in section 501(c)(3) and 
                                exempt from taxation under section 
                                501(a) or a State or political 
                                subdivision thereof.
                            ``(iii) Manner of election.--The election 
                        described in clause (i) may be made by an 
                        issuer for any calendar year at any time prior 
                        to its first issuance during such year of 
                        obligations the proceeds of which will be used 
                        to make or finance one or more eligible 
                        loans.''.
    (d) Inflation Adjustment.--Paragraph (3) of section 265(b) of such 
Code, as amended by subsections (b) and (c), is amended by adding at 
the end the following new subparagraph:
                    ``(F) Inflation adjustment.--In the case of any 
                calendar year after 2009, the $30,000,000 amounts 
                contained in subparagraphs (C)(i), (D)(i), 
                (D)(iii)(II), and (E)(ii)(I) shall each be increased by 
                an amount equal to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for such 
                        calendar year, determined by substituting 
                        `calendar year 2008' `for calendar year 1992' 
                        in subparagraph (B) thereof.
                Any increase determined under the preceding sentence 
                shall be rounded to the nearest multiple of 
                $100,000.''.
    (e) Effective Date.--The amendments made by this section shall 
apply to obligations issued after December 31, 2008.

SEC. 3. DE MINIMIS SAFE HARBOR EXCEPTION FOR TAX-EXEMPT INTEREST 
              EXPENSE OF FINANCIAL INSTITUTIONS AND BROKERS.

    (a) Financial Institutions.--Subsection (b) of section 265 of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new paragraph:
            ``(7) De minimis exception.--Paragraph (1) shall not apply 
        to any financial institution if the portion of the taxpayer's 
        holdings of tax-exempt securities is less than 2 percent of the 
        taxpayer's assets.''.
    (b) Brokers.--Subsection (a) of section 265 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(7) De minimis exception.--Paragraph (2) shall not apply 
        to any broker (as defined in section 6045(c)(1)) if the portion 
        of the taxpayer's holdings of tax-exempt securities is less 
        than 2 percent of the taxpayer's assets.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.

Output: Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.


Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Interstate Transportation of 
Municipal Waste Act of 1993''.

SEC. 2. INTERSTATE TRANSPORTATION OF MUNICIPAL WASTE.

    Subtitle D of the Solid Waste Disposal Act (42 U.S.C. 6941 et seq.) 
is amended by adding at the end the following new section:

             ``interstate transportation of municipal waste

    ``Sec. 4011. (a) Authority To Restrict Out-of-State Municipal Waste 
Imports.--
            ``(1) Authority to prohibit.--(A) Except as provided in 
        subparagraph (B), a Governor may prohibit the disposal of out-
        of-State municipal waste in any landfill or incinerator that is 
        subject to the jurisdiction of the Governor.
            ``(B) The authority to prohibit disposal of out-of-State 
        municipal waste shall not apply to--
                    ``(i) landfills in operation on the date of 
                enactment of this section that--
                            ``(I) received during calendar year 1991 
                        documented shipments of out-of-State municipal 
                        waste; and
                            ``(II) are in compliance with all 
                        applicable Federal and State laws (including 
                        any Federal or State rule or regulation) 
                        relating to design and location standards, 
                        leachate collection, ground water monitoring, 
                        and financial assurance for closure and post-
                        closure and corrective action;
                    ``(ii) proposed landfills that, prior to January 1, 
                1993, received--
                            ``(I) an approval from either the affected 
                        local government or the local solid waste 
                        planning unit to receive municipal waste 
                        generated outside the jurisdiction of the 
                        affected local government, the solid waste 
                        planning unit, or the State in which the 
                        landfill is located; and
                            ``(II) a notice of decision from the State 
                        to grant a construction permit; or
                    ``(iii) incinerators in operation on the date of 
                enactment of this section that--
                            ``(I) received, during calendar year 1991, 
                        documented shipments of out-of-State municipal 
                        waste;
                            ``(II) are in compliance with the 
                        applicable requirements of section 129 of the 
                        Clean Air Act (42 U.S.C. 7429); and
                            ``(III) are in compliance with all 
                        applicable Federal and State laws (including 
                        any Federal or State rule or regulation) 
                        relating to facility design, operations, and 
                        emissions.
            ``(2) Authority to limit.--Beginning with calendar year 
        1993, a Governor may--
                    ``(A) limit the quantity of out-of-State municipal 
                waste received for disposal at each landfill or 
                incinerator in the State to an annual quantity equal to 
                the quantity of out-of-State municipal waste received 
                for disposal at the landfill or incinerator during the 
                calendar year 1991 or 1992, whichever is less; and
                    ``(B) limit the disposal of out-of-State municipal 
                waste at each landfill or incinerator in the State that 
                received, during calendar year 1991 or 1992, documented 
                shipments of more than 50,000 tons of out-of-State 
                municipal waste representing more than 30 percent of 
                all municipal waste received at the landfill or 
                incinerator during the calendar year, by limiting the 
                quantity of out-of-State municipal waste received for 
                disposal at such landfill or incinerator to an annual 
                quantity not greater than 30 percent of all municipal 
                waste received at the landfill or incinerator during 
                calendar year 1991 or 1992, whichever is less;
                    ``(C) prohibit the disposal of out-of-State 
                municipal waste in landfills that do not meet all 
                applicable Federal and State laws (including any 
                Federal or State rule or regulation) relating to design 
                and location standards, leachate collection, ground 
                water monitoring, and financial assurance for closure 
                and post-closure and corrective action; and
                    ``(D) prohibit the disposal of out-of-State 
                municipal waste in incinerators that do not meet all 
                applicable Federal and State laws (including any 
                Federal or State rule or regulation) relating to 
                facility design, operations, and emissions.
            ``(3) Authority to further limit.--Beginning with calendar 
        year 1997, a Governor may further limit the disposal of out-of-
        State municipal waste as provided in paragraph (2)(B) by 
        reducing the 30 percent annual quantity limitation to 20 
        percent in each of calendar years 1998 and 1999, and to 10 
        percent in each succeeding calendar year.
            ``(4) Authority with respect to industrial waste.--A 
        Governor may exercise the authority provided in paragraphs (1), 
        (2), and (3) with respect to any industrial waste that is to be 
        disposed of at a landfill or incinerator that receives 
        municipal solid waste.
            ``(5) Applicability and discrimination provisions.--Any 
        limitation imposed by the Governor under paragraph (2)(A), 
        paragraph (2)(B), or paragraph (3)--
                    ``(A) shall be applicable throughout the State; and
                    ``(B) shall not discriminate against any shipments 
                of out-of-State municipal waste on the basis of State 
                of origin.
            ``(6) Determination of quantity of out-of-state municipal 
        waste received in states exercising authority.--(A) Any 
        Governor who intends to exercise the authority provided in this 
        subsection shall, within 120 days after the date of enactment 
        of this section, submit to the Administrator information 
        documenting the quantity of out-of-State municipal waste 
        received for disposal in the State of the Governor during 
        calendar years 1991 and 1992.
            ``(B) On receipt of the information submitted pursuant to 
        subparagraph (A), the Administrator shall notify the Governor 
        of each State and the public and shall provide a comment period 
        of not less than 30 days.
            ``(C) Not later than 180 days after the date of enactment 
        of this section, the Administrator shall publish a list of the 
        quantity of out-of-State municipal waste that was received 
        during calendar years 1991 and 1992, at each landfill and 
        incinerator in each State in which the Governor intends to 
        exercise the authority provided in this subsection.
    ``(b) Authority To Restrict In-State Municipal Waste Exports.--(1) 
Except as provided in paragraph (2), a Governor of a State may limit or 
prohibit the exportation outside the State of municipal waste generated 
in the State, in accordance with the comprehensive waste management 
plan of the affected local solid waste planning unit, or, if such a 
plan does not exist, in accordance with State law.
    ``(2) A Governor may not limit or prohibit the exportation of 
materials consisting solely of materials that have been separated from 
municipal waste for recycling.
    ``(c) Delegation of Authority to Local Governments.--A Governor may 
delegate authority provided by subsection (a) or (b), or both, to an 
affected local government or to a local solid waste planning unit, if a 
local solid waste planning unit exists under State law.
    ``(d) Designation of Affected Local Government.--Within 90 days 
after the date of the enactment of this section, the Governor shall 
designate which entity listed in subsection (e)(1) shall serve as the 
affected local government for actions taken under subsections (a) and 
(b). If the Governor fails to make a designation, the affected local 
government for actions taken under this section shall be the city, 
town, borough, county, parish, or other political subdivision created 
pursuant to State law with primary jurisdiction over the land or the 
use of the land on which the landfill or incinerator concerned is 
located.
    ``(e) Definitions.--For purposes of this section:
            ``(1) The term `affected local government' means the 
        elected officials of the city, town, borough, county, parish, 
        or other political subdivision in which a landfill or 
        incinerator is located.
            ``(2) The term `affected local solid waste planning unit' 
        means a political subdivision of a State with authority 
        relating to solid waste management planning in accordance with 
        State law.
            ``(3) The term `out-of-State municipal waste' means, with 
        respect to a State, municipal waste generated outside of the 
        State. The term includes municipal waste generated outside of 
        the United States.
            ``(4) The term `municipal waste' means refuse (and refuse-
        derived fuel) generated by the general public or from a 
        residential, commercial, institutional, or industrial source 
        (or any combination thereof), consisting of paper, wood, yard 
        wastes, plastics, leather, rubber, or other combustible or 
        noncombustible materials such as metal or glass (or any 
        combination thereof). The term does not include--
                    ``(A) any solid waste identified or listed as a 
                hazardous waste under section 3001;
                    ``(B) any solid waste, including contaminated soil 
                and debris, resulting from a response action taken 
                under section 104 or 106 of the Comprehensive 
                Environmental Response, Compensation, and Liability Act 
                (42 U.S.C. 9604 or 9606) or a corrective action taken 
                under this Act;
                    ``(C) any metal, pipe, glass, plastic, paper, 
                textile, or other material that has been separated or 
                diverted from municipal waste and has been transported 
                into the State for the purpose of recycling or 
                reclamation;
                    ``(D) any solid or industrial waste that is--
                            ``(i) generated by an industrial facility; 
                        and
                            ``(ii) transported for the purpose of 
                        treatment, storage, or disposal to a facility 
                        that is owned or operated by the generator of 
                        the waste, or is located on property owned by 
                        the generator of a company with which the 
                        generator is affiliated;
                    ``(E) any solid waste generated incident to the 
                provision of service in interstate, intrastate, 
                foreign, or overseas air transportation;
                    ``(F) any medical waste that is segregated from or 
                not mixed with municipal waste; or
                    ``(G) any material or product returned from a 
                dispenser or distributor to the manufacturer for 
                credit, evaluation, or possible reuse.
            ``(5) The term `industrial waste' means waste generated 
        from manufacturing or industrial processing operations that is 
        not identical to municipal waste with respect to the physical 
        and chemical state of the waste and the composition of the 
        waste. The term includes construction and demolition debris.''.

SEC. 3. TABLE OF CONTENTS AMENDMENT.

    The table of contents of the Solid Waste Disposal Act is amended by 
adding at the end of the items relating to subtitle D the following new 
item:

``Sec. 4011. Interstate transportation of municipal waste.''.

Output: Interstate Transportation of Municipal Waste Act of 1993 - Amends the Solid Waste Disposal Act to authorize a State Governor to prohibit the disposal of out-of-State municipal waste in any landfill or incinerator in the State. 
Exempts from a Governor's authority to prohibit the disposal of out-of-State waste:  (1) landfills that received documented shipments of such waste in 1991 and are in compliance with Federal and State laws relating to design and location standards, leachate collection, groundwater monitoring, and financial assurance for closure and post-closure and corrective action; (2) proposed landfills that, prior to January 1, 1993, received an approval from the affected local government or solid waste planning unit to receive municipal waste generated outside the jurisdiction of the local government, planning unit, or State and a State notice of decision to grant a construction permit; or (3) incinerators that received documented shipments of such waste during 1991 and are in compliance with performance standards under the Clean Air Act and Federal and State laws relating to facility design, operations, and emissions. 
Authorizes State Governors, beginning in 1993, to further limit the quantity of out-of-State waste received for disposal, or the disposal of such waste, at specified landfills and incinerators.  Applies the authorities of this Act to industrial waste to be disposed of at landfills or incinerators that receive municipal solid waste. 
Prohibits discrimination against shipments of out-of-State waste on the basis of State of origin. 
Authorizes a State Governor to limit or prohibit the exportation outside the State of municipal waste generated within the State.


Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``FDA Deeming Authority Clarification 
Act of 2017''.

SEC. 2. DATE FOR APPLICATION OF FEDERAL FOOD, DRUG, AND COSMETIC ACT TO 
              DEEMED TOBACCO PRODUCTS.

    Section 901(b) of the Federal Food, Drug, and Cosmetic Act (21 
U.S.C. 387a(b)) is amended--
            (1) by striking ``This chapter shall apply'' and inserting 
        the following:
            ``(1) In general.--This chapter shall apply''; and
            (2) by adding at the end the following new paragraph:
            ``(2) Deemed tobacco products.--For each tobacco product 
        deemed subject to the requirements of this chapter pursuant to 
        paragraph (1), each reference in sections 905(j) and 910(a)--
                    ``(A) to `February 15, 2007', shall be considered 
                to be a reference to `the effective date of the 
                regulation under which a tobacco product is deemed 
                subject to the requirements of this chapter pursuant to 
                section 901(b)'; and
                    ``(B) to `21 months after the date of enactment of 
                the Family Smoking Prevention and Tobacco Control Act', 
                shall be considered to be a reference to the later of--
                            ``(i) `21 months after the date of 
                        enactment of the FDA Deeming Authority 
                        Clarification Act of 2017'; and
                            ``(ii) `21 months after the effective date 
                        of such deeming regulation'.''.

SEC. 3. PRODUCT STANDARDS FOR VAPOR PRODUCT BATTERIES.

    (a) Applicability of Standards.--Section 907 of the Federal Food, 
Drug, and Cosmetic Act (21 U.S.C. 387g) and any related provisions of 
such Act shall apply with respect to a vapor product battery to the 
same extent and in the same manner as such section 907 and related 
provisions apply with respect to a component of a tobacco product.
    (b) Promulgation of Standards.--
            (1) Proposed standards.--Not later than 12 months after the 
        date of enactment of this Act, the Secretary of Health and 
        Human Services shall issue a notice of proposed rulemaking to 
        establish product standards for vapor product batteries 
        pursuant to section 907 of the Federal Food, Drug, and Cosmetic 
        Act (21 U.S.C. 387g).
            (2) Final standards.--Not later than 24 months after the 
        date of enactment of this Act, the Secretary shall promulgate 
        the vapor product battery standards required by this section.
    (c) Compliance With Final Standards.--For any vapor product 
(including those products in test markets) that has a battery and is 
commercially marketed in the United States as of the date by which 
final standards are required to be promulgated under subsection (b)(2), 
the Secretary of Health and Human Services, based on any change to the 
battery for the purpose of conforming to such final standards, shall 
not--
            (1) require the submission of a report under section 905(j) 
        of such Federal Food, Drug, and Cosmetic Act (21 U.S.C. 
        387e(j)); or
            (2) treat such vapor product as a new tobacco product for 
        which an order is required under section 910(c)(1)(A)(i) of 
        such Act (21 U.S.C. 387j(c)(1)(A)(i)).
    (d) Definition.--In this section, the term ``vapor product'' has 
the meaning given to such term in section 921(f) of the Federal Food, 
Drug, and Cosmetic Act, as added by section 4 of this Act.

SEC. 4. REGULATION OF VAPOR PRODUCTS.

    (a) In General.--Chapter IX of the Federal Food, Drug, and Cosmetic 
Act is amended by inserting after section 920 of such Act (21 U.S.C. 
387t) the following:

``SEC. 921. VAPOR PRODUCTS.

    ``(a) Relation to Other Provisions.--The authorities vested in the 
Secretary by this section to regulate vapor products are in addition 
to, not in lieu of, the authorities vested in the Secretary by other 
sections of this Act to regulate vapor products as tobacco products.
    ``(b) Advertising in Print Publications.--
            ``(1) In general.--The manufacturer, distributor, or 
        retailer of a vapor product shall not disseminate or cause to 
        be disseminated advertising or labeling of the vapor product in 
        a newspaper, magazine, periodical or other publication (whether 
        periodic or limited distribution), other than an adult 
        publication.
            ``(2) Definition.--In this subsection, the term `adult 
        publication' means a newspaper, magazine, periodical, or other 
        publication--
                    ``(A) whose readers younger than 18 years of age 
                constitute 15 percent or less of the total readership 
                as measured by competent and reliable survey evidence; 
                and
                    ``(B) that is read by fewer than 2 million persons 
                younger than 18 years of age as measured by competent 
                and reliable survey evidence.
    ``(c) Prohibit Self-Service Displays of Vapor Products.--
            ``(1) In general.--A retailer may sell vapor products only 
        in a direct face-to-face exchange.
            ``(2) Exception.--Paragraph (1) does not apply--
                    ``(A) to mail order sales; or
                    ``(B) to sales by means of a vending machine or 
                self-service display that is located in a facility 
                where the retailer ensures that no person under 18 
                years of age is present or permitted to enter at any 
                time.
            ``(3) Civil penalty.--A violation of this subsection shall 
        be subject to a civil penalty under section 303(f)(9) to the 
        same extent and in the same manner as a violation of any 
        requirement of this Act which relates to a tobacco product.
    ``(d) Labeling.--
            ``(1) In general.--Not later than 12 months after the date 
        of enactment of the FDA Deeming Authority Clarification Act of 
        2017, the Secretary shall promulgate final regulations to 
        require packages of vapor products to bear a label containing--
                    ``(A) the phrase `Keep Out of Reach of Children';
                    ``(B) the phrase `Underage Sale Prohibited'; and
                    ``(C) if the vapor product includes nicotine in a 
                solution or other form at the time of sale, an accurate 
                statement of the nicotine content.
            ``(2) Misbranding.--A vapor product whose label is in 
        violation of paragraph (1) is deemed to be a misbranded tobacco 
        product under section 903.
    ``(e) Annual Registration Requirements for Vapor Product 
Retailers.--
            ``(1) Registration by retailers.--Every person who owns or 
        operates an establishment in any State engaged in the retail 
        sale of a vapor product shall register that establishment with 
        the Secretary by the later of--
                    ``(A) 60 days after the date of the enactment of 
                the FDA Deeming Authority Clarification Act of 2017; 
                and
                    ``(B) 30 days after first engaging in such retail 
                sale.
            ``(2) Exclusion.--The requirements of this subsection do 
        not apply with respect to any establishment subject to an 
        active registration or retail license under--
                    ``(A) any State law relating to tobacco products; 
                or
                    ``(B) section 905.
            ``(3) Public access to registration information.--The 
        Secretary shall make available for inspection, to any person so 
        requesting, any registration filed under this subsection.
    ``(f) Vapor Product Defined.--In this section:
            ``(1) In general.--The term `vapor product'--
                    ``(A) means any noncombustible product that employs 
                a heating element, power source, electronic circuit, or 
                other electronic, chemical, or mechanical means, 
                regardless of shape or size, to produce vapor from 
                nicotine in a solution or other form; and
                    ``(B) includes--
                            ``(i) any electronic cigarette, electronic 
                        cigar, electronic cigarillo, electronic pipe, 
                        or similar product or device that is intended 
                        to produce vapor from nicotine in a solution of 
                        other form; and
                            ``(ii) nicotine in a solution or other 
                        form, whether in a cartridge or container or 
                        otherwise dispensed, that is intended to be 
                        used with or in a product described in clause 
                        (i).
            ``(2) Exclusion.--The term `vapor product' does not include 
        any product regulated as a drug or device under chapter V.''.
    (b) Prohibited Acts.--Section 301 of the Federal Food, Drug, and 
Cosmetic Act (21 U.S.C. 331) is amended by adding at the end the 
following:
    ``(eee) The disseminating or causing to be disseminated, by a 
manufacturer, distributor, or retailer of a vapor product, advertising 
or labeling of the vapor product in violation of section 921(b).
    ``(fff) The failure of a person who owns or operates an 
establishment in any State engaged in the retail sale of a vapor 
product to register as required by section 921(e).''.


Output: FDA Deeming Authority Clarification Act of 2017 This bill amends the Federal Food, Drug, and Cosmetic Act (FFDCA) to: (1) revise premarket review and reporting requirements for products newly deemed by the Food and Drug Administration (FDA) to be tobacco products; and (2) grant the FDA the authority to regulate vapor products, which include products that produce vapor with nicotine (e.g., e-cigarettes) and nicotine intended to be used with such a product (e.g., nicotine cartridges). A product is not subject to premarket review by the FDA if it is marketed before it is deemed a tobacco product. The bill delays deadlines for reports to the FDA on products similar to a marketed product that are introduced to market less than 21 months after that type of product is deemed a tobacco product. The bill grants the FDA regulatory authority over vapor products that is in addition to the FDA's existing authority to regulate vapor products as tobacco products. Provisions of the FFDCA applicable to tobacco product components also apply to vapor product batteries. The FDA must establish standards for vapor product batteries. Vapor products first marketed not later than 24 months after enactment of this bill are not subject to premarket review or reporting requirements based on changes to the product's battery to conform to standards. Vapor products may not be advertised in publications, except publications with adult readership. Vapor products may be sold only face-to-face, through vending machines in facilities where only adults are permitted, or by mail order. Vapor products must be labeled with their nicotine content and specified phrases. Retailers of vapor products must register with the FDA.