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

    This Act may be cited as the ``Transparency and Honesty in Energy 
Regulations Act of 2016''.

SEC. 2. FINDINGS.

    Congress finds the following--
            (1) As a tool to justify Federal actions by the Department 
        of Energy and the Environmental Protection Agency (hereinafter 
        in this section referred to as the ``EPA'') addressing 
        greenhouse gas emissions, including those regulating or 
        prohibiting the exploration, mining, production, and use of 
        coal as well as other fossil fuels as energy sources, the 
        Social Cost of Carbon (hereinafter in this section referred to 
        as the ``SCC'') and the Social Cost of Methane (hereinafter in 
        this section referred to as the ``SCM'') in theory represent 
        the hypothetical cost of an incremental ton of carbon dioxide 
        (CO&lt;INF&gt;2&lt;/INF&gt;) or methane emissions in a given year.
            (2) Office of Management and Budget (hereinafter in this 
        section referred to as the ``OMB'') Circular A-4 guides Federal 
        agencies on the development of regulatory impact analysis 
        required under Executive Order 12866 as well as other 
        authorities, instructing agencies to include discount rates of 
        3 and 7 percent while also evaluating the cost and benefits 
        that accrue to citizens and residents of the United States.
            (3) First developed in 2009 by an interagency working 
        group, including the Department of Energy and the EPA, the SCC 
        estimates fail to comply with OMB Circular A-4 prescribed 
        discount rates of 3 and 7 percent.
            (4) While OMB Circular A-4 specifies that an evaluation of 
        the global effects, when undertaken, is to be reported 
        separately from domestic costs and benefits, the SCC instead 
        calculated the global benefits in lieu of and not in addition 
        to the domestic effects.
            (5) The use of the SCC estimates in Department of Energy 
        and EPA rulemakings prior to any opportunity for public notice 
        and comment violated not only scientific peer-review 
        requirements but also the President's commitment to transparent 
        and open government as outlined in his January 21, 2009, 
        memorandum to the heads of executive departments and agencies.
            (6) In July 2015, as part of a revision of the SCC in 
        response to over 150 substantive comments and in acknowledgment 
        of the faulty process by which the SCC estimates were 
        developed, the OMB requested the National Academies of Science, 
        Engineering and Medicine (hereinafter in this section referred 
        to as the ``NAS'') review and make recommendations for the 
        improvement of the SCC estimates.
            (7) Shortly after the commencement of the NAS review, the 
        EPA, without appropriate peer review and an opportunity for 
        public notice and comment, utilized the EPA-developed SCM 
        estimates in justifying the costs and benefits of the September 
        2015 proposed and recently finalized rules under the Clean Air 
        Act for methane emissions from new, modified, and reconstructed 
        sources in the oil and gas sector.
            (8) Continued use by the Department of Energy and the EPA 
        of the SCC and the SCM ignores sound science in order to 
        eliminate the exploration, mining, production, and use of our 
        abundant domestic sources of fossil fuel energy.
            (9) The Department of Energy and EPA regulations, which are 
        costing American families billions of dollars per year, are 
        being justified in large part by SCC and SCM estimates.

SEC. 3. PROHIBITION ON CONSIDERING THE SOCIAL COST OF CARBON AND THE 
              SOCIAL COST OF METHANE.

    The Secretary of Energy, when acting under any authority, and the 
Administrator of the Environmental Protection Agency, when acting under 
the authority of the Clean Air Act (42 U.S.C. 7401 et seq.), may not 
consider the social cost of carbon or the social cost of methane as 
part of any cost benefit analysis required under law or under Executive 
Order 12866 or 13563, in any rulemaking, in the issuance of any 
guidance, or in taking any other agency action, or as a justification 
for any rulemaking, guidance document, or agency action, unless a 
Federal law is enacted, after the date of enactment of this Act, 
explicitly authorizing such consideration.

SEC. 4. REPORT OF THE ADMINISTRATOR OF THE EPA.

    Not later than 120 days after the date of enactment of this Act, 
the Administrator of the Environmental Protection Agency, in 
coordination and consultation with the Secretary of Energy, the 
Secretary of the Interior, and the Council on Environmental Quality 
shall submit a report to the Committees on Energy and Commerce and on 
Natural Resources of the House of Representatives and the Committees on 
the Environment and Public Works and on Energy and Natural Resources of 
the Senate, detailing the number of proposed and final rulemakings, 
guidance documents, and agency actions since January 2009 that use the 
social cost of carbon or the social cost of methane, including as part 
of any cost benefit analysis required under Executive Order 12866 and 
other relevant authorities.

SEC. 5. DEFINITIONS.

    In this Act:
            (1) The term ``social cost of carbon'' means--
                    (A) the social cost of carbon as described in--
                            (i) the document entitled ``Technical 
                        Support Document: Social Cost of Carbon for 
                        Regulatory Impact Analysis Under Executive 
                        Order 12866'' published by the Interagency 
                        Working Group on Social Cost of Carbon, United 
                        States Government, in February 2010; or
                            (ii) the document entitled ``Technical 
                        Support Document: Technical Update of the 
                        Social Cost of Carbon for Regulatory Impact 
                        Analysis Under Executive Order 12866'' 
                        published by the Interagency Working Group on 
                        Social Cost of Carbon, United States 
                        Government, in May 2013, and revised in 
                        November 2013 and July 2015, or any other 
                        successor or substantially related document; or
                    (B) any other estimate of the monetized damages 
                associated with an incremental increase in carbon 
                dioxide emissions in a given year.
            (2) The term ``social cost of methane'' means the estimate 
        of the social cost of methane--
                    (A) as described in--
                            (i) the proposed rule entitled ``Oil and 
                        Natural Gas Sector: Emission Standards for New 
                        and Modified Sources'' published by the 
                        Environmental Protection Agency in the Federal 
                        Register on September 18, 2015 (80 Fed. Reg. 
                        56593);
                            (ii) the final rule entitled ``Oil and 
                        Natural Gas Sector: Emission Standards for New, 
                        Reconstructed, and Modified Sources'' published 
                        by the Environmental Protection Agency in the 
                        Federal Register on June 3, 2016 (81 Fed. Reg. 
                        35824); or
                            (iii) the ``Regulatory Impact Analysis of 
                        the Final Oil and Natural Gas Sector: Emission 
                        Standards for New, Reconstructed, and Modified 
                        Sources'' prepared by the Environmental 
                        Protection Agency, Office of Air and Radiation, 
                        in May 2016, and identified by docket ID number 
                        EPA-HQ-OAR-2010-0505-7630; or
                    (B) any other successor or substantially related 
                estimate.

Answer: Transparency and Honesty in Energy Regulations Act of 2016 This bill prohibits the Department of Energy and the Environmental Protection Agency (EPA) from considering the social cost of carbon or methane as part of any cost benefit analysis, unless a federal law is enacted authorizing such consideration. The EPA must report on the number of proposed and final rulemakings, guidance documents, and agency actions since January 2009 that use either of those social costs, including as part of any cost benefit analysis required under Executive Order 12866 and other relevant authorities.


Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Saver's Bonus Act of 2007''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) According to the Department of Commerce, Americans are 
        currently saving less than 1 percent of their disposable 
        income.
            (2) According to the Federal Reserve's 2004 Survey of 
        Consumer Finances, 17 percent of all households have zero or 
        negative net worth, while 30 percent have net worth of less 
        than $10,000.
            (3) According to the Federal Reserve's 2004 Survey of 
        Consumer Finances, 11 percent of households do not have a 
        checking account and 9 percent do not have a transaction 
        account of any kind.
            (4) According to the Retirement Security Project, in 2004 
        more than half of all households had zero savings in an 
        employer-based 401(k)-type plan or tax-preferred savings plan 
        account.
            (5) It is in the economic interests of the United States to 
        promote savings among all members of society, regardless of 
        income.

SEC. 3. SAVER'S BONUS.

    (a) In General.--The Secretary of the Treasury shall develop a 
program to match deposits made by qualifying low-income individuals 
into designated savings products.
    (b) Qualifying Low-Income Individuals.--For purposes of this Act, 
the term ``qualifying low-income individual'' means any individual 
determined by the Secretary of the Treasury to be eligible for the 
saver's bonus under this Act.
    (c) Designated Savings Products.--For purposes of this Act, the 
term ``designated savings product'' means any savings product, 
including--
            (1) qualified retirement plans (as defined in section 
        4974(c)) of such Code,
            (2) qualified tuition programs under section 529 of such 
        Code,
            (3) Coverdell education savings accounts under section 530 
        of such Code,
            (4) United States savings bonds,
            (5) certificates of deposits with durations of at least 6 
        months, and
            (6) other types of savings products considered appropriate 
        by the Secretary of the Treasury for the purposes of this Act.
    (d) Saver's Bonus Program.--The program established under 
subsection (a) shall provide that--
            (1) qualifying low-income individuals who direct their 
        Federal income tax refund (in its entirety or a portion 
        thereof) be deposited into any designated savings product shall 
        be eligible for a dollar-for-dollar match or saver's bonus to 
        be deposited directly in any designated savings product,
            (2) qualifying low-income individuals who claim (when 
        filing a Federal income tax return) to have deposited funds 
        into any designated savings product during the course of the 
        tax year shall be eligible for a saver's bonus to be deposited 
        directly into any designated savings product, and
            (3) the saver's bonus--
                    (A) shall equal $500 for qualifying low-income 
                individuals who are eligible for the earned income 
                credit under section 32 of such Code and shall be 
                phased out (but not below zero) for such individuals 
                whose earned income exceeds 120 percent of the earned 
                income threshold at which such eligibility ceases,
                    (B) shall be indexed for inflation every 5 years, 
                and
                    (C) shall be considered a refundable credit for 
                purposes of the Internal Revenue Code of 1986.
    (e) Conforming Amendment Regarding Funding of Saver's Bonus.--
Section 1324(b)(2) of title 31, United States Code, is amended by 
inserting ``or enacted by the Saver's Bonus Act of 2007,''.
    (f) Effective Date.--The program under, and amendment made by, this 
section shall be effective with respect to Federal income tax returns 
for taxable years beginning after December 31, 2008.

SEC. 4. OPENING OF ACCOUNTS ON FEDERAL INCOME TAX RETURNS TO FACILITATE 
              SAVINGS.

    (a) Notification of Option.--
            (1) In general.--The Commissioner of Internal Revenue shall 
        notify qualifying low-income individuals who qualify for a 
        Federal income tax refund but fail to provide an ACH direct 
        deposit number on their Federal income tax return that they 
        have the option of an electronic direct deposit and that they 
        may be eligible for the saver's bonus program under section 3 
        if they deposit a refund or a portion of their refund in any 
        designated savings product.
            (2) Method of notification.--The notification under 
        paragraph (1) shall be made through--
                    (A) a public awareness program undertaken by the 
                Secretary of the Treasury, in concert with the 
                Commissioner of the Internal Revenue and others as 
                necessary, at least 6 months before January 2009, and
                    (B) the inclusion of such a notice in the 
                instruction material for any Federal income tax return.
    (b) Establishment of Designated Account Program.--The Secretary of 
the Treasury shall develop, in consultation with the Federal Management 
System, a program to minimize the delivery of non-electronic Federal 
income tax refunds by depositing refunds electronically to an account 
held by a depository institution. This program shall include--
            (1) provisions for such tax refunds to be deposited into a 
        designated account,
            (2) establishment of account parameters with respect to 
        minimum balance requirements and limitations on overdrafts, 
        overdraft fees, and other requirements,
            (3) establishment of means for the taxpayer to access the 
        account electronically or through a payment card, and
            (4) provisions to allow taxpayers to open an account with 
        their Federal income tax refunds through financial service 
        providers, so long such account is held at a depository 
        institution that is insured under the Federal Deposit Insurance 
        Act (12 U.S.C. 1811 et seq.).
    (c) Effective Date.--The notification under subsection (a) and the 
program under subsection (b) shall be effective with respect to Federal 
income tax returns for taxable years beginning after December 31, 2008.

SEC. 5. PURCHASE OF SAVINGS BONDS ON FEDERAL INCOME TAX RETURNS.

    (a) Notification of Option.--The Commissioner of Internal Revenue 
shall notify individual taxpayers that they have the option of 
purchasing United States savings bonds when they file their Federal 
income tax returns and that they may be eligible for the saver's bonus 
program under section 3. Such notification shall be included in the 
instruction material for any Federal income tax return.
    (b) Establishment of Savings Bond Purchase Program.--The Secretary 
of the Treasury shall develop, in consultation with a task force, a 
program for the purchase by individual taxpayers of United States 
savings bonds on their Federal income tax returns.
    (c) Effective Date.--The notification under subsection (a) and the 
program under subsection (b) shall be effective with respect to Federal 
income tax returns for taxable years beginning after December 31, 2008.

Answer: Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to: (1) match deposits made by low-income individuals into certain savings accounts (saver's bonus); (2) deposit tax refunds electronically into savings accounts; and (3) allow individual taxpayers to purchase U.S. savings bonds on their federal income tax returns.

Requires the Commissioner of the Internal Revenue Service (IRS) to notify low-income taxpayers of their eligibility for the saver's bonus and of their options under this Act.


Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Need-Based Educational Aid Act of 
2001''.

SEC. 2. AMENDMENT.

    Section 568(d) of the Improving America's Schools Act of 1994 (15 
U.S.C. 1 note) is amended by striking ``2001'' and inserting ``2008''.

SEC. 3. GAO STUDY AND REPORT.

    (a) Study.--
        (1) In general.--The Comptroller General shall conduct a study 
    of the effect of the antitrust exemption on institutional student 
    aid under section 568 of the Improving America's Schools Act of 
    1994 (15 U.S.C. 1 note).
        (2) Consultation.--The Comptroller General shall have final 
    authority to determine the content of the study under paragraph 
    (1), but in determining the content of the study, the Comptroller 
    General shall consult with--
            (A) the institutions of higher education participating 
        under the antitrust exemption under section 568 of the 
        Improving America's Schools Act of 1994 (15 U.S.C. 1 note) 
        (referred to in this Act as the ``participating 
        institutions'');
            (B) the Antitrust Division of the Department of Justice; 
        and
            (C) other persons that the Comptroller General determines 
        are appropriate.
        (3) Matters studied.--
            (A) In general.--The study under paragraph (1) shall--
                (i) examine the needs analysis methodologies used by 
            participating institutions;
                (ii) identify trends in undergraduate costs of 
            attendance and institutional undergraduate grant aid among 
            participating institutions, including--

                    (I) the percentage of first-year students receiving 
                institutional grant aid;
                    (II) the mean and median grant eligibility and 
                institutional grant aid to first-year students; and
                    (III) the mean and median parental and student 
                contributions to undergraduate costs of attendance for 
                first year students receiving institutional grant aid;

                (iii) to the extent useful in determining the effect of 
            the antitrust exemption under section 568 of the Improving 
            America's Schools Act of 1994 (15 U.S.C. 1 note), examine--

                    (I) comparison data, identified in clauses (i) and 
                (ii), from institutions of higher education that do not 
                participate under the antitrust exemption under section 
                568 of the Improving America's Schools Act of 1994 (15 
                U.S.C. 1 note); and
                    (II) other baseline trend data from national 
                benchmarks; and

                (iv) examine any other issues that the Comptroller 
            General determines are appropriate, including other types 
            of aid affected by section 568 of the Improving America's 
            Schools Act of 1994 (15 U.S.C. 1 note).
            (B) Assessment.--
                (i) In general.--The study under paragraph (1) shall 
            assess what effect the antitrust exemption on institutional 
            student aid has had on institutional undergraduate grant 
            aid and parental contribution to undergraduate costs of 
            attendance.
                (ii) Changes over time.--The assessment under clause 
            (i) shall consider any changes in institutional 
            undergraduate grant aid and parental contribution to 
            undergraduate costs of attendance over time for 
            institutions of higher education, including consideration 
            of--

                    (I) the time period prior to adoption of the 
                consensus methodologies at participating institutions; 
                and
                    (II) the data examined pursuant to subparagraph 
                (A)(iii).

    (b) Report.--
        (1) In general.--Not later than September 30, 2006, the 
    Comptroller General shall submit a report to the Committee on the 
    Judiciary of the Senate and the Committee on the Judiciary of the 
    House of Representatives that contains the findings and conclusions 
    of the Comptroller General regarding the matters studied under 
    subsection (a).
        (2) Identifying individual institutions.--The Comptroller 
    General shall not identify an individual institution of higher 
    education in information submitted in the report under paragraph 
    (1) unless the information on the institution is available to the 
    public.
    (c) Recordkeeping Requirement.--
        (1) In general.--For the purpose of completing the study under 
    subsection (a)(1), a participating institution shall--
            (A) collect and maintain for each academic year until the 
        study under subsection (a)(1) is completed--
                (i) student-level data that is sufficient, in the 
            judgment of the Comptroller General, to permit the analysis 
            of expected family contributions, identified need, and 
            undergraduate grant aid awards; and
                (ii) information on formulas used by the institution to 
            determine need; and
            (B) submit the data and information under paragraph (1) to 
        the Comptroller General at such time as the Comptroller General 
        may reasonably require.
        (2) Non-participating institutions.--Nothing in this subsection 
    shall be construed to require an institution of higher education 
    that does not participate under the antitrust exemption under 
    section 568 of the Improving America's Schools Act of 1994 (15 
    U.S.C. 1 note) to collect and maintain data under this subsection.

SEC. 4. EFFECTIVE DATE.

    This Act and the amendments made by this Act shall take effect on 
September 30, 2001.

                               Speaker of the House of Representatives.

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

Answer:
Need-Based Educational Aid Act of 2001 - Amends the Improving America's Schools Act of 1994 to extend through FY 2008 the antitrust exemption for the award of need-based educational aid.Directs the Comptroller General to conduct a study of the effect of the exemption, including by examining the needs analysis methodologies used by participating institutions and identifying trends in undergraduate costs of attendance and institutional undergraduate grant aid among participating institutions. Requires that such study assess what effect the exemption has had on institutional undergraduate grant aid and parental contribution to undergraduate costs of attendance, including consideration of any changes in institutional undergraduate grant aid and parental contribution to undergraduate costs of attendance over time for institutions of higher education.Directs: (1) the Comptroller General to report to the House and Senate Judiciary Committees on its findings and conclusions without identifying an individual institution of higher education unless the information on the institution is publicly available; and (2) participating institutions to collect and maintain specified data and information (but does not require non-participating institutions of higher education to collect and maintain data).