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

Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Significant Regulation Oversight Act 
of 2001''.

SEC. 2. FINDING AND PURPOSE.

    (a) Finding.--The Congress finds that oversight of significant 
rules will be enhanced if they are subject to congressional review and 
approval after being proposed by an agency.
    (b) Purpose.--The purpose of this Act is to ensure that before a 
significant rule takes effect--
            (1) Congress is given an adequate opportunity to review the 
        rule and ensure that it is in accordance with the intent of 
        Congress in enacting the law under which the rule is proposed; 
        and
            (2) Congress approves the rule in accordance with the 
        procedures established by this Act.

SEC. 3. REVIEW OF SIGNIFICANT RULES BY CONGRESS.

    (a) Congressional Approval of Significant Rules Required.--A 
significant rule shall not take effect before the date of the enactment 
of a joint resolution described in section 4(a) comprised solely of the 
text of the significant rule.
    (b) Reporting and Review of Significant Rules.--(1) Before a 
proposed significant rule would take effect as a final rule, the agency 
proposing the rule shall submit to each House of Congress a report 
containing the following:
            (A) A copy of the proposed significant rule.
            (B) A concise summary of the proposed significant rule, its 
        purpose, and anticipated effects.
            (C) A complete copy of any cost-benefit analysis report 
        that has been prepared by the agency with respect to the 
        proposed significant rule.
            (D) An explanation of the specific statutory interpretation 
        under which a rule is proposed, including an explanation of--
                    (i) whether the interpretation is expressly 
                required by the text of the statute; or
                    (ii) if the interpretation is not expressly 
                required by the text of the statute, an explanation 
                that the interpretation is within the range of 
                permissible interpretations of the statute as 
                identified by the agency, and an explanation why the 
                interpretation selected by the agency is the agency's 
                preferred interpretation.
            (E) Any other relevant information or requirements under 
        any other Act and any relevant Executive order.
    (2) Upon receipt of a report under paragraph (1), each House of 
Congress shall provide a copy of the report to the Chairman and ranking 
minority party member of each committee with jurisdiction over the 
subject matter of the report.
    (c) No Inference To Be Drawn Where Congress Fails To Approve.--If 
Congress fails to enact a joint resolution approving a proposed 
significant rule, no court or agency may infer any intent of Congress 
from any action or inaction of Congress with regard to such rule or any 
related statute.

SEC. 4. CONGRESSIONAL APPROVAL PROCEDURE FOR SIGNIFICANT RULES.

    (a) Introduction.--The majority leader of each House of the 
Congress shall introduce (by request) a joint resolution comprised 
solely of the text of a proposed significant rule not later than 3 
session days in the Senate or 3 legislative days in the House of 
Representatives after the date on which an agency submits a report 
under section 3(b) containing the text of the proposed significant 
rule. If the joint resolution is not introduced in either House as 
provided in the preceding sentence, then any Member of that House may 
introduce the joint resolution.
    (b) Referral and Consideration.--(1) The joint resolution shall be 
referred to the appropriate committee of the House in which it is 
introduced. The committee may report the joint resolution without 
substantive revision and with or without recommendation or with an 
adverse recommendation, or the committee may vote not to report the 
joint resolution. If the committee votes to order the joint resolution 
reported, it shall be reported not later than the end of the period 
(not to exceed 45 session days in the Senate or 45 legislative days in 
the House of Representatives) established for consideration of the 
joint resolution by the Speaker of the House of Representatives or the 
majority leader of the Senate, as the case may be. Except in the case 
of a joint resolution which a committee votes not to report, a 
committee failing to report a joint resolution within such period shall 
be automatically discharged from consideration of the joint resolution, 
and it shall be placed on the appropriate calendar.
    (2) A vote on final passage of the joint resolution shall be taken 
in that House on or before the close of the 90th session day in the 
Senate or 90th legislative day in the House of Representatives after 
the date of the introduction of the joint resolution in that House.
    (3)(A) A motion in the House of Representatives to proceed to the 
consideration of a joint resolution under this section shall be highly 
privileged and not debatable. An amendment to the motion shall not be 
in order, nor shall it be in order to move to reconsider the vote by 
which the motion is agreed to or disagreed to.
    (B) Debate in the House of Representatives on a joint resolution 
under this section shall be limited to not more than 4 hours, which 
shall be divided equally between those favoring and those opposing the 
joint resolution. A motion further to limit debate shall not be 
debatable. It shall not be in order to move to recommit a joint 
resolution under this section or to move to reconsider the vote by 
which the joint resolution is agreed to or disagreed to.
    (C) All appeals from the decisions of the chair relating to the 
application of the Rules of the House of Representatives to the 
procedure relating to a joint resolution under this section shall be 
decided without debate.
    (D) Except to the extent specifically provided in the preceding 
provisions of this subsection, consideration of a joint resolution 
under this section shall be governed by the Rules of the House of 
Representatives applicable to other joint resolutions in similar 
circumstances.
    (4)(A) A motion in the Senate to proceed to the consideration of a 
joint resolution under this section shall be privileged and not 
debatable. An amendment to the motion shall not be in order, nor shall 
it be in order to move to reconsider the vote by which the motion is 
agreed to or disagreed to.
    (B) Debate in the Senate on a joint resolution under this section, 
and all debatable motions and appeals in connection therewith, shall be 
limited to not more than 10 hours. The time shall be equally divided 
between, and controlled by, the majority leader and the minority leader 
or their designees.
    (C) Debate in the Senate on any debatable motion or appeal in 
connection with a joint resolution under this section shall be limited 
to not more than 1 hour, to be equally divided between, and controlled 
by, the mover and the manager of the joint resolution, except that in 
the event the manager of the joint resolution is in favor of any such 
motion or appeal, the time in opposition thereto, shall be controlled 
by the minority leader or his designee. Such leaders, or either of 
them, may, from time under their control on the passage of a joint 
resolution, allot additional time to any Senator during the 
consideration of any debatable motion or appeal.
    (D) A motion in the Senate to further limit debate on a joint 
resolution under this section is not debatable. A motion to recommit a 
joint resolution under this section is not in order.
    (c) Amendments Prohibited.--No amendment to a joint resolution 
considered under this section shall be in order in either the House of 
Representatives or the Senate. No motion to suspend the application of 
this subsection shall be in order in either House, nor shall it be in 
order in either House for the presiding officer to entertain a request 
to suspend the application of this subsection by unanimous consent.
    (d) Treatment if the Other House Has Acted.--If, before the passage 
by one House of a joint resolution of that House described in 
subsection (a), that House receives from the other House a joint 
resolution described in subsection (a) comprised of the same text, 
then--
            (1) the procedure in that House shall be the same as if no 
        joint resolution had been received from the other House, and
            (2) the vote on final passage shall be on the joint 
        resolution of the other House.
    (e) Constitutional Authority.--This section is enacted by 
Congress--
            (1) as an exercise of the rulemaking power of the Senate 
        and the House of Representatives, respectively, and as such it 
        is deemed a part of the rules of each House, respectively, but 
        applicable only with respect to the procedure to be followed in 
        that House in the case of a joint resolution described in 
        subsection (a), and it supersedes other rules only to the 
        extent that it is inconsistent with such rules; and
            (2) with full recognition of the constitutional right of 
        either House to change the rules (so far as  relating to the 
procedure of that House) at any time, in the same manner, and to the 
same extent as in the case of any other rule of that House.

SEC. 5. EXISTING RULES.

    (a) In General.--Any existing rule may be revised or revoked in 
accordance with this section if a petition for review so requests.
    (b) Introduction.--If a petition for review is filed with the Clerk 
of the House of Representatives or the Secretary of the Senate, the 
Clerk or the Secretary shall determine whether the petition meets the 
requirements of subsection (d). If the Clerk or the Secretary 
determines that a petition meets those requirements, he or she shall 
notify the majority leader of that House. The majority leader so 
notified shall, within 3 session days in the Senate or 3 legislative 
days in the House of Representatives, introduce a joint resolution (by 
request) that makes the revision or revocation of existing rules 
proposed by the petition upon the enactment of that joint resolution. 
If the joint resolution is not introduced as provided in the preceding 
sentence, then any Member of that House may introduce the joint 
resolution.
    (c) Procedures for Consideration in the House of Representatives 
and the Senate.--Any joint resolution introduced under subsection (b) 
shall be considered in the House of Representatives and the Senate in 
accordance with the procedures respecting a joint resolution set forth 
in section 4.
    (d) Petitions for Review.--A petition for review under subsection 
(a) shall contain the following:
            (1) Any rule affected by the petition and the contents of 
        that rule as it would exist if a joint resolution revising or 
        revoking that rule pursuant to the petition were enacted.
            (2) For a petition in the Senate, the signatures of 30 
        Senators, or for a petition in the House of Representatives, 
        the signatures of 120 Members.

SEC. 6. DEFINITIONS.

    For purposes of this Act:
            (1) Agency.--The term ``agency'' has the meaning given that 
        term in section 551 of title 5, United States Code (relating to 
        administrative procedure).
            (2) Session day and legislative day.--The terms ``session 
        day'' and ``legislative day'' do not include, with respect to a 
        House of the Congress, any day throughout which that House is 
        not in session.
            (3) Rule.--(A) The term ``rule'' has the meaning given such 
        term by section 551 of title 5, United States Code, except that 
        such term does not include--
                    (i) any rule of particular applicability including 
                a rule that approves or prescribes--
                            (I) future rates, wages, prices, services, 
                        or allowances therefor,
                            (II) corporate or financial structures, 
                        reorganizations, mergers, or acquisitions 
                        thereof, or
                            (III) accounting practices or disclosures 
                        bearing on any of the foregoing, or
                    (ii) any rule of agency organization, personnel, 
                procedure, practice, or any routine matter.
            (B) The term ``final rule'' means any final rule or interim 
        final rule.
            (4) Significant rule.--The term ``significant rule'' means 
        any rule proposed by an agency that is specified or described 
        as such in the Act that authorizes the rule.

SEC. 7. EXEMPTION FOR MONETARY POLICY.

    Nothing in this Act applies to any rule concerning monetary policy 
proposed or implemented by the Board of Governors of the Federal 
Reserve System or the Federal Open Market Committee.

Ex Output:
Significant Regulation Oversight Act of 2001 - Prohibits a significant rule from taking effect before the enactment of a joint resolution described in this Act comprising solely of the text of such rule. Calls for congressional reporting and review of significant rules before they take effect as final rules.Provides that, if Congress fails to enact a joint resolution approving the proposed rule, no court or agency may infer any intent of Congress from any action or inaction with regard to such rule or any related statute.Sets forth: (1) the congressional approval procedure for significant rules; and (2) provisions with respect to revising or revoking an existing rule.Exempts from this Act rules concerning monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``9/11 Can You Hear Me Now Act''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) After two terrorist attacks it is time to fix the 
        communications system for the New York City Fire Department.
            (2) During its response to the 1993 bombing of the World 
        Trade Center in New York City, the New York City Fire 
        Department's radios did not work in the twin towers of the 
        World Trade Center. The resulting lack of communication 
        complicated operations but did not result in the death of any 
        firefighter.
            (3) Eight years later, on September 11, 2001, the World 
        Trade Center was attacked again and the fire department's radio 
        system failed again.
            (4) Soon before the collapse of Tower One of the World 
        Trade Center, fire department officials tried in vain to radio 
        firefighters to evacuate the building.
            (5) The firefighters' radio system failed the firefighters 
        in Tower One and as a result many were not able to receive this 
        warning. The failure of the radio system was largely 
        responsible for the death of many of the 343 firefighters who 
        died in the collapse of the World Trade Center twin towers.
            (6) Since September 11, 2001, the fire department has taken 
        steps to improve the communications system that failed them. 
        However, many tall buildings in New York City have not 
        installed repeaters that are needed to boost signals, and the 
        signals are often lost in high-rise buildings and underground.
            (7) In August 2003, New York City experienced a blackout. 
        During the blackout the fire department's radio system was 
        again found not to work reliably during emergency situations or 
        in high buildings.
            (8) The dispatch system currently used by the New York City 
        Fire Department was acquired in the early 1970s and hampers the 
        ability of the department to fully communicate with its 
        firefighters and provide appropriate detailed information about 
        the buildings and locations to which they respond.
            (9) Since the terrorist attacks of September 11, 2001, 
        executive branch officials have repeatedly warned that future 
        terror attacks are not a matter of if, but when. The Secretary 
        of Homeland Security has identified New York City as one of the 
        main terrorist targets.
            (10) With New York City remaining a top terrorist target, 
        such communications system should be a national priority.
            (11) A new state-of-the-art communications system and 
        upgrades to the critical information dispatch system for the 
        New York City Fire Department should be--
                    (A) seamless from the receipt of a 911 call to the 
                dispatch of the firefighter; and
                    (B) interoperable with other public safety offices 
                within the City of New York.

SEC. 3. REQUIREMENT TO PROCURE COMMUNICATIONS SYSTEM FOR NEW YORK CITY 
              FIRE DEPARTMENT.

    (a) In General.--The Secretary of Homeland Security shall, by not 
later than 1 year after the date of the enactment of this Act, procure 
development and provision of a communications system for the New York 
City Fire Department, including appropriate radios for the entire 
department and upgrades to the critical information dispatch system of 
the department.
    (b) Requirements.--
            (1) Radios.--Radios procured pursuant to this section must 
        be capable of operating in all locations, and under all 
        conditions, in which firefighters can reasonably be expected to 
        work in responding to an emergency in New York City.
            (2) Supplemental communication device.--Any communications 
        system procured pursuant to this section must include provision 
        to each firefighter of a supplemental radio communication 
        device that--
                    (A) allows the firefighter to transmit audio and 
                radio emergency notification warning signals to other 
                firefighters whenever the firefighter is in distress 
                and in immediate need of assistance; and
                    (B) has the capability to operate automatically in 
                a passive mode by transmitting audio and radio messages 
                that will relay the firefighter's identification and 
                location if the firefighter--
                            (i) becomes incapacitated and motionless; 
                        and
                            (ii) is unable to physically transmit a 
                        call for help.
            (3) Dispatch system.--Upgrades to the critical information 
        dispatch system procured pursuant to this section must--
                    (A) allow the fire department to communicate with 
                firefighters in all locations, and under all 
                conditions, in which firefighters can reasonably be 
                expected to work in responding to an emergency in New 
                York City, including all high-rise buildings and 
                subways;
                    (B) provide useful, detailed data concerning all 
                likely terrorist target locations in the City of New 
                York; and
                    (C) be capable of providing to responding 
                firefighters, instantaneously, details about particular 
                buildings and other locations to assist them in making 
                decisions about how to mitigate a terrorist attack and 
                save lives and property.
    (c) Testing.--Radios, any dispatch system upgrades, and 
supplemental communication devices procured pursuant to this section 
must have been tested to ensure they will operate in all locations and 
under all conditions in which firefighters can reasonably be expected 
to work in responding to an emergency in New York City.
    (d) Coordination.--In carrying out this section the Secretary shall 
coordinate with the City of New York to ensure that the communications 
system procured under this section is--
            (1) compatible with the plans of the City of New York to 
        upgrade its 911 system; and
            (2) interoperable with other public safety communications 
        systems.
    (e) Progress Report.--The Secretary shall submit to the Congress a 
report on progress made in carrying out this section, on--
            (1) February 26, 2008; and
            (2) September 11, 2008.

Ex Output:
9/11 Can You Hear Me Now Act - Directs the Secretary of Homeland Security to procure development and provision of a communications system for the New York City Fire Department, including appropriate radios and upgrades to the Department's critical information dispatch system that allow communication in all locations and under all conditions in which firefighters can reasonably be expected to work, including all high-rise buildings and subways.

Directs that any communications system procured include provision to each firefighter of a supplemental radio communication device that: (1) allows the firefighter to transmit emergency notification warning signals to other firefighters; and (2) has the capability to operate automatically by transmitting messages that will relay an incapacitated firefighter's identification and location.

Requires that upgrades procured: (1) provide useful, detailed data concerning all likely terrorist target locations in the city; and (2) be capable of providing to responding firefighters, instantaneously, details about particular buildings and other locations to assist in making decisions about how to mitigate a terrorist attack.

Requires that: (1) radios, any dispatch system upgrades, and supplemental communication devices procured be tested; and (2) the Secretary coordinate with the city to ensure that the communications system procured is compatible with city plans to upgrade its 911 system and interoperable with other public safety communications systems.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Foreclosure Prevention and 
Homeownership Protection Act''.

SEC. 2. FINDINGS AND PURPOSE.

    (a) Findings.--The Congress makes the following findings:
            (1) The United States is experiencing a wave of 
        foreclosures and mortgage lending problems that has had 
        widespread negative repercussions for world credit markets, the 
        United States economy, and neighborhoods and families in the 
        United States.
            (2) The large number of actors, the complexity of the 
        transactions involved, and the lack of clear lines of 
        accountability have revealed numerous opportunities to improve 
        legislative and regulatory oversight of the industries 
        involved.
            (3) This crisis has caused many Americans to lose their 
        homes, their jobs, and their financial stability.
            (4) The magnitude of this crisis, the likelihood that 
        foreclosure filings will continue to increase, and the 
        widespread effects throughout the world economy make it 
        critically important that a bipartisan commission undertake a 
        comprehensive examination of the causes of this crisis, the 
        solutions to the crisis, and the legislative and regulatory 
        changes that will prevent such a crisis from occurring in the 
        future.
    (b) Purpose.--The purpose of this Act is to establish a Commission 
to perform a detailed and comprehensive examination of the origins and 
causes of the current foreclosure crisis and to issue a report of its 
findings to the President and to the Congress, which shall also 
recommend legislative and regulatory changes that will assist 
homeowners who are currently in danger of losing their homes, stem the 
rising tide of foreclosures, and prevent the occurrence of similar 
crises in the future.

SEC. 3. ESTABLISHMENT.

    There is established a bipartisan commission to be known as the 
Commission to Preserve the American Dream (in this Act referred to as 
the ``Commission'').

SEC. 4. MEMBERSHIP.

    (a) Members.--The Commission shall be composed of the following 
individuals or their designees:
            (1) 1 member shall be appointed by the Speaker of the House 
        of Representatives, in consultation with the majority leader of 
        the Senate, who shall serve as chairperson of the Commission.
            (2) The Secretary of Housing and Urban Development.
            (3) The Chairman of the Board of Governors of the Federal 
        Reserve System.
            (4) The chief executive officer of the Federal National 
        Mortgage Association.
            (5) The chief executive officer of the Federal Home Loan 
        Mortgage Corporation.
            (6) 8 additional members or their designees, appointed in 
        the following manner:
                    (A) 2 members appointed by the Speaker of the House 
                of Representatives.
                    (B) 2 members appointed by the minority leader of 
                the House of Representatives.
                    (C) 2 members appointed by the majority leader of 
                the Senate.
                    (D) 2 members appointed by the minority leader of 
                the Senate.
    (b) Consultation Required.--The Speaker of the House of 
Representatives, the minority leader of the House of Representatives, 
the majority leader of the Senate, and the minority leader of the 
Senate shall consult among themselves prior to the appointment of the 
members of the Commission designated in subsection (a)(6) in order to 
achieve, to the maximum extent possible, fair and equitable 
representation of various points of view with respect to the matters to 
be studied by the Commission.
    (c) Background.--The members of the Commission designated in 
subsection (a)(6) shall have expertise in a broad range of issues, 
including community housing, consumer lending, real estate finance, 
economics, mortgage banking, loan servicing, credit risk assessment, 
and the operation of housing finance agencies at the State government 
level.
    (d) Period of Appointment.--
            (1) In general.--Each member of the Commission shall be 
        appointed for the life of the Commission.
            (2) Vacancies.--A vacancy on the Commission shall not 
        affect its powers, but shall be filled in the same manner as 
        the original appointment was made.
    (e) Quorum.--
            (1) Majority.--A majority of the members of the Commission 
        shall constitute a quorum, but a lesser number may hold 
        hearings.
            (2) Approval actions.--All recommendations and reports of 
        the Commission required by this Act shall be approved only by a 
        majority vote of a quorum of the Commission.
    (f) Meetings.--
            (1) First meeting.--The Speaker of the House shall call the 
        first meeting of the Commission not later than--
                    (A) 60 days after the date of enactment of this 
                Act; or
                    (B) 30 days after the date of the enactment of 
                legislation making appropriations to carry out this 
                Act.
            (2) Subsequent meetings.--Except as provided in paragraph 
        (1), the Commission shall meet at the call of the Chairperson.

SEC. 5. DUTIES AND PURPOSE.

    (a) Assessments.--The Commission shall study and assess--
            (1) the adequacy of the existing legal and regulatory 
        framework to address the current foreclosure and mortgage 
        lending crisis and to prevent similar crises from happening in 
        the future;
            (2) the role of the States versus the role of the Federal 
        Government in ensuring homeowners are protected against 
        unscrupulous lending practices; and
            (3) the effects of this crisis on the domestic and world 
        economies.
    (b) Recommendations.--The Commission shall make recommendations 
of--
            (1) ways to assist homeowners currently in danger of losing 
        their homes;
            (2) ways to encourage lenders and borrowers to work 
        together to prevent foreclosure; and
            (3) legislative and regulatory changes that will provide 
        protection for homeowners against unscrupulous lending 
        practices and strengthen accountability for those involved in 
        the mortgage lending market.

SEC. 6. POWERS.

    (a) Hearings.--The Commission or, at its direction, any 
subcommittee or member of the Commission, may, for the purpose of 
carrying out this Act--
            (1) hold such public hearings in such cities and countries, 
        sit and act at such times and places, take such testimony, 
        receive such evidence, and administer such oaths as the 
        Commission or such subcommittee or member considers advisable; 
        and
            (2) require, by subpoena or otherwise, the attendance and 
        testimony of such witnesses and the production of such books, 
        records, correspondence, memoranda, papers, documents, tapes, 
        and materials as the Commission or such subcommittee or member 
        considers advisable.
    (b) Issuance and Enforcement of Subpoenas.--
            (1) Issuance.--Subpoenas issued under subsection (a) shall 
        bear the signature of the Chairperson of the Commission and 
        shall be served by any person or class of persons designated by 
        the Chairperson for that purpose.
            (2) Enforcement.--In the case of contumacy or failure to 
        obey a subpoena issued under subsection (a), the United States 
        district court for the judicial district in which the 
        subpoenaed person resides, is served, or may be found may issue 
        an order requiring such person to appear at any designated 
        place to testify or to produce documentary or other evidence. 
        Any failure to obey the order of the court may be punished by 
        the court as a contempt of that court.
    (c) Witness Allowances and Fees.--Section 1821 of title 28, United 
States Code, shall apply to witnesses requested or subpoenaed to appear 
at any hearing of the Commission. The per diem and mileage allowances 
for witnesses shall be paid from funds available to pay the expenses of 
the Commission.
    (d) Information From Federal Agencies.--The Commission may secure 
directly from any Federal department or agency such information as the 
Commission considers necessary to perform its duties. Upon request of 
the Chairperson of the Commission, the head of such department or 
agency shall furnish such information to the Commission.
    (e) Postal Services.--The Commission may use the United States 
mails in the same manner and under the same conditions as other 
departments and agencies of the Federal Government.

SEC. 7. PERSONNEL.

    (a) Compensation of Members.--Each member of the Commission who is 
not an officer or employee of the Federal Government shall be 
compensated at a rate equal to the daily equivalent of the annual rate 
of basic pay prescribed for level IV of the Executive Schedule under 
section 5315 of title 5, United States Code, for each day (including 
travel time) during which such member is engaged in the performance of 
the duties of the Commission. All members of the Commission who are 
officers or employees of the United States shall serve without 
compensation in addition to that received for their services as 
officers or employees of the United States.
    (b) Travel Expenses.--The members of the Commission shall be 
allowed travel expenses, including per diem in lieu of subsistence, at 
rates authorized for employees of agencies under subchapter I of 
chapter 57 of title 5, United States Code, while away from their homes 
or regular places of business in the performance of services for the 
Commission.
    (c) Staff.--
            (1) In general.--The Chairperson of the Commission may, 
        without regard to the civil service laws and regulations, 
        appoint and terminate the employment of such personnel as may 
        be necessary to enable the Commission to perform its duties.
            (2) Compensation.--The Chairperson of the Commission may 
        fix the compensation of the personnel without regard to chapter 
        51 and subchapter III of chapter 53 of title 5, United States 
        Code, relating to classification of positions and General 
        Schedule pay rates, except that the rate of pay for the 
        personnel may not exceed the rate payable for level V of the 
        Executive Schedule under section 5316 of such title.
    (d) Detail of Government Employees.--Any Federal Government 
employee may be detailed to the Commission without reimbursement, and 
such detail shall be without interruption or loss of civil service 
status or privilege.
    (e) Procurement of Temporary and Intermittent Services.--The 
Chairperson of the Commission may procure temporary and intermittent 
services under section 3109(b) of title 5, United States Code, at rates 
for individuals that do not exceed the daily equivalent of the annual 
rate of basic pay prescribed for level V of the Executive Schedule 
under section 5316 of such title.
    (f) Other Administrative Matters.--The Commission may--
            (1) enter into agreements with the Administrator of General 
        Services to procure necessary financial and administrative 
        services;
            (2) enter into contracts to procure supplies, services, and 
        property; and
            (3) enter into contracts with Federal, State, or local 
        agencies, or private institutions or organizations, for the 
        conduct of research or surveys, the preparation of reports, and 
        other activities necessary to enable the Commission to perform 
        its duties.

SEC. 8. REPORT.

    (a) In General.--Not later than 180 days after the appointment of 
the Commission members under section 4, the Commission shall submit to 
the President and the Congress a final report containing a detailed 
statement of its findings, together with any recommendations for 
legislation or administrative action that the Commission considers 
appropriate, in accordance with the requirements of section 5.
    (b) Considerations.--In developing any recommendations under 
subsection (a), the Commission shall consider--
            (1) the role of the Federal Government in preventing 
        similar crises in the future and its role in assisting 
        homeowners today;
            (2) ways in which to strengthen accountability of all 
        actors involved, including homeowners, mortgage brokers, 
        lenders, appraisers, State housing agencies, the Federal 
        Housing Administration, Government-sponsored enterprises, 
        credit rating agencies, investors in collateralized debt 
        obligations, the Federal Reserve System, and other Federal 
        agencies with jurisdiction over entities involved with the 
        foreclosure crisis;
            (3) the extent to which predatory and abusive lending 
        practices contributed to the crisis and whether new legislation 
        is required to curb such practices;
            (4) the role of subprime lending practices in precipitating 
        this crisis; and
            (5) ways to prevent blight and whether targeted solutions 
        may be required for neighborhoods that have been particularly 
        hard hit by the crisis.

SEC. 9. TERMINATION.

    The Commission shall terminate upon the expiration of the 90-day 
period beginning upon the date on which the Commission submits its 
report to the Congress under section 8(a).

SEC. 10. AUTHORIZATION OF APPROPRIATIONS.

    (a) In General.--There is authorized to be appropriated $3,000,000 
to carry out this Act.
    (b) Availability.--Any amounts appropriated pursuant to this 
section shall remain available, without fiscal year limitation, until 
expended.

Ex Output:

Foreclosure Prevention and Homeownership Protection Act - Establishes the Commission to Preserve the American Dream (Commission) to study and report to Congress and the President on: (1) the adequacy of the existing legal and regulatory framework to address the current foreclosure and mortgage lending crisis and to prevent similar crises from happening in the future; (2) the role of the states versus the role of the federal government in ensuring homeowners are protected against unscrupulous lending practices; and (3) the effects of this crisis on the domestic and world economies.

Requires the Commission to make recommendations regarding: (1) ways to assist homeowners currently in danger of losing their homes; (2) ways to encourage lenders and borrowers to work together to prevent foreclosure; and (3) legislative and regulatory changes to protect homeowners against unscrupulous lending practices and strengthen accountability for those involved in the mortgage lending market.