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 ``End-User Protection Act of 2014''.

SEC. 2. DEFINITIONS.

    (a) In General.--Section 1a of the Commodity Exchange Act (7 U.S.C. 
1a) is amended--
            (1) by redesignating paragraphs (8) through (51) as 
        paragraphs (9) through (52), respectively;
            (2) by inserting after paragraph (7) the following:
            ``(8) Commercial market participant.--The term `commercial 
        market participant' means any producer, processor, merchant, or 
        commercial user of an exempt or agricultural commodity, or the 
        products or by-products of an exempt or agricultural 
        commodity.'';
            (3) in subparagraph (B) of paragraph (48) (as so 
        redesignated), by striking clause (ii) and inserting the 
        following:
                            ``(ii) any purchase or sale of a 
                        nonfinancial commodity or security for deferred 
                        shipment or delivery, so long as the 
                        transaction is intended to be physically 
                        settled, including any stand-alone or embedded 
                        option for which exercise would result in a 
                        physical delivery obligation;''; and
            (4) in paragraph (50) (as redesignated by paragraph (1)), 
        by striking subparagraph (D) and inserting the following:
                    ``(D) De minimis exception.--
                            ``(i) In general.--The Commission shall 
                        exempt from designation as a swap dealer an 
                        entity that engages in a de minimis quantity of 
                        swap dealing (which shall not be less than 
                        $8,000,000,000) in connection with transactions 
                        with or on behalf of its customers.
                            ``(ii) Regulations.--The Commission shall 
                        promulgate regulations to establish the factors 
                        to be used in a determination under clause (i) 
                        to exempt, including any monetary or other 
                        levels established by the Commission, and those 
                        levels shall only be amended or changed through 
                        an affirmative action of the Commission 
                        undertaken by rule or regulation.''.
    (b) Financial Entity.--Section 2(h)(7)(C) of the Commodity Exchange 
Act (7 U.S.C. 2(h)(7)(C)) is amended--
            (1) in clause (iii)--
                    (A) by striking ``an entity whose'' and inserting 
                the following: ``an entity--
                                    ``(I) whose'';
                    (B) by striking the period at the end and inserting 
                a semicolon; and
                    (C) by adding at the end the following:
                                    ``(II) that is--
                                            ``(aa) a commercial market 
                                        participant;
                                            ``(bb) included in clause 
                                        (i)(VIII); and
                                            ``(cc) not supervised by a 
                                        prudential regulator; or
                                    ``(III) that is included in clause 
                                (i)(VIII) because--
                                            ``(aa) the entity regularly 
                                        enters into foreign exchange or 
                                        derivatives transactions on 
                                        behalf of, or to hedge or 
                                        mitigate, whether directly or 
                                        indirectly, the commercial risk 
                                        of 1 or more entities within 
                                        the same commercial enterprise 
                                        as the entity; or
                                            ``(bb) of the making of 
                                        loans to 1 or more entities 
                                        within the same commercial 
                                        enterprise as the entity.''; 
                                        and
            (2) by adding at the end the following:
                            ``(iv) Same commercial enterprise.--For 
                        purposes of clause (iii)(III), an entity shall 
                        be considered to be within the same commercial 
                        enterprise as another entity if--
                                    ``(I) 1 of the entities owns, 
                                directly or indirectly, at least a 
                                majority ownership interest in the 
                                other entity and reports its financial 
                                statements on a consolidated basis and 
                                the consolidated financial statements 
                                include the financial results of both 
                                entities; or
                                    ``(II) a third party owns at least 
                                a majority ownership interest in both 
                                entities and reports its financial 
                                statements on a consolidated basis and 
                                the financial statements of the third 
                                party include the financial results of 
                                both entities.
                            ``(v) Predominantly engaged.--
                                    ``(I) In general.--Not later than 
                                90 days after the date of enactment of 
                                this clause, the Commission shall 
                                promulgate regulations defining the 
                                term `predominantly engaged' for 
                                purposes of clause (i)(VIII).
                                    ``(II) Minimum revenues.--The 
                                regulations shall provide that an 
                                entity shall not be considered to be 
                                predominantly engaged in activities 
                                that are in the business of banking or 
                                financial in nature if the consolidated 
                                revenues of the entity derived from the 
                                activities constitute less than a 
                                percentage (as specified by the 
                                Commission in the regulations) of the 
                                total consolidated revenues of the 
                                entity.
                                    ``(III) Revenues from banking or 
                                financial activities.--In determining 
                                the percentage of the revenues of an 
                                entity that are derived from activities 
                                that are in the business of banking or 
                                financial in nature, the regulations 
                                shall exclude all revenues that are or 
                                result from foreign exchange or 
                                derivatives transactions used to hedge 
                                or mitigate commercial risk (as defined 
                                by the Commission in the 
                                regulations).''.

SEC. 3. REPORTING OF ILLIQUID SWAPS SO AS TO NOT DISADVANTAGE CERTAIN 
              NON-FINANCIAL END USERS.

    Section 2(a)(13) of the Commodity Exchange Act (7 U.S.C. 2(a)(13)) 
is amended--
            (1) in subparagraph (C), by striking ``The Commission'' and 
        inserting ``Except as provided in subparagraph (D), the 
        Commission'';
            (2) by redesignating subparagraphs (D) through (G) as 
        subparagraphs (E) through (H), respectively; and
            (3) by inserting after subparagraph (C) the following:
                    ``(D) Requirements for swap transactions in 
                illiquid markets.--
                            ``(i) Definition of illiquid markets.--In 
                        this subparagraph, the term `illiquid markets' 
                        means any market in which the volume and 
                        frequency of trading in swaps is at such a 
                        level as to allow identification of individual 
                        market participants.
                            ``(ii) Requirements.--Notwithstanding 
                        subparagraph (C), the Commission shall--
                                    ``(I) provide by rule for the 
                                public reporting of swap transactions, 
                                including price and volume data, in 
                                illiquid markets that are not cleared 
                                and entered into by a nonfinancial 
                                entity that is hedging or mitigating 
                                commercial risk in accordance with 
                                subsection (h)(7)(A); and
                                    ``(II) ensure that the swap 
                                transaction information described in 
                                subclause (I) is available to the 
                                public not sooner than 30 days after 
                                the swap transaction has been executed 
                                or at such later date as the Commission 
                                determines appropriate to protect the 
                                identity of participants and positions 
                                in illiquid markets and to prevent the 
                                elimination or reduction of market 
                                liquidity.''.

SEC. 4. TREATMENT OF AFFILIATES.

    Section 2(h)(7)(D)(i) of the Commodity Exchange Act (7 U.S.C. 
2(h)(7)(D)(i)) is amended--
            (1) by striking ``An affiliate'' and inserting ``A person 
        that is a financial entity and is an affiliate'';
            (2) by striking ``(including affiliate entities 
        predominantly engaged in providing financing for the purchase 
        of the merchandise or manufactured goods of the person)''; and
            (3) by striking ``and as an agent''.

SEC. 5. APPLICABILITY TO BONA FIDE HEDGE TRANSACTIONS OR POSITIONS.

    Section 4a(c) of the Commodity Exchange Act (7 U.S.C. 6a(c)) is 
amended--
            (1) in the second sentence of paragraph (1), by striking 
        ``into the future for which'' and inserting ``in the future, to 
        be determined by the Commission, for which either an 
        appropriate swap is available or''; and
            (2) in paragraph (2)--
                    (A) in the matter preceding subparagraph (A), by 
                striking ``subsection (a)(2)'' and all that follows 
                through ``position that--'' and inserting ``paragraphs 
                (2) and (5) of subsection (a) for swaps, contracts of 
                sale for future delivery, or options on the contracts 
                or commodities, a bona fide hedging transaction or 
                position is a transaction or position that--''; and
                    (B) in subparagraph (A)(ii), by striking ``of 
                risks'' and inserting ``or management of current or 
                anticipated risks''; and
            (3) by adding at the end the following:
            ``(3) Commission definition.--The Commission may further 
        define, by rule or regulation, what constitutes a bona fide 
        hedging transaction or position so long as the rule or 
        regulation is consistent with the requirements of subparagraphs 
        (A) and (B) of paragraph (2).''.

SEC. 6. REPORTING AND RECORDKEEPING.

    Section 4g(f) of the Commodity Exchange Act (7 U.S.C. 6g(f)) is 
amended--
            (1) by striking ``(f) Nothing contained in this section'' 
        and inserting the following:
    ``(f) Authority of Commission To Make Separate Determinations 
Unimpaired.--
            ``(1) In general.--Except as provided in paragraph (2), 
        nothing in this section''; and
            (2) by adding at the end the following:
            ``(2) Exception.--If the Commission imposes any requirement 
        under this section on any person that is not registered, or 
        required to be registered, with the Commission in any capacity, 
        that person shall satisfy the requirements of any rule, order, 
        or regulation under this section by maintaining a written 
        record of each cash or forward transaction related to a 
        reportable or hedging commodity interest transaction, futures 
        contract, option on a futures contract, or swap.
            ``(3) Sufficiency.--A written record described in paragraph 
        (2) shall be sufficient if the written record--
                    ``(A) memorializes the final agreement between the 
                parties, including the material economic terms of the 
                transaction; and
                    ``(B) is identifiable and searchable by 
                transaction.''.

SEC. 7. MARGIN REQUIREMENTS.

    (a) Commodity Exchange Act Amendment.--Section 4s(e) of the 
Commodity Exchange Act (7 U.S.C. 6s(e)) is amended by adding at the end 
the following:
            ``(4) Applicability with respect to counterparties.--The 
        requirements of paragraphs (2)(A)(ii) and (2)(B)(ii), including 
        the initial and variation margin requirements imposed by rules 
        adopted pursuant to paragraphs (2)(A)(ii) and (2)(B)(ii), shall 
        not apply to a swap in which a counterparty qualifies for an 
        exception under section 2(h)(7)(A) or 2(h)(7)(D), or an 
        exemption issued under section 4(c)(1) from the requirements of 
        section 2(h)(1)(A) for cooperative entities as defined in that 
        exemption.''.
    (b) Securities Exchange Act Amendment.--Section 15F(e) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78o-10(e)) is amended by 
adding at the end the following:
            ``(4) Applicability with respect to counterparties.--The 
        requirements of paragraphs (2)(A)(ii) and (2)(B)(ii) shall not 
        apply to a security-based swap in which a counterparty 
        qualifies for an exception under section 3C(g)(1) or satisfies 
        the criteria in section 3C(g)(4).''.
    (c) Implementation.--The amendments made by this section to the 
Commodity Exchange Act (7 U.S.C. 1 et seq.) shall be implemented--
            (1) without regard to--
                    (A) chapter 35 of title 44, United States Code; and
                    (B) the notice and comment provisions of section 
                553 of title 5, United States Code;
            (2) through the promulgation of an interim final rule, 
        pursuant to which public comment is sought before a final rule 
        is issued; and
            (3) such that paragraph (1) shall apply solely to changes 
        to rules and regulations, or proposed rules and regulations, 
        that are limited to and directly a consequence of the 
        amendments.

SEC. 8. ANALYSIS BY THE COMMODITY FUTURES TRADING COMMISSION OF THE 
              COSTS AND BENEFITS OF REGULATIONS AND ORDERS.

    Section 15(a) of the Commodity Exchange Act (7 U.S.C. 19(a)) is 
amended by striking paragraphs (1) and (2) and inserting the following:
            ``(1) In general.--Before promulgating a regulation under 
        this Act or issuing an order (except as provided in paragraph 
        (3)), the Commission, acting through the Office of the Chief 
        Economist, shall--
                    ``(A) state a justification for the regulation or 
                order;
                    ``(B) state the baseline for the cost-benefit 
                analysis and explain how the regulation or order 
                measures costs against the baseline;
                    ``(C) assess the costs and benefits, both 
                qualitative and quantitative, of the intended 
                regulation or order;
                    ``(D) measure, and seek to improve, the actual 
                results of regulatory requirements; and
                    ``(E) propose or adopt a regulation or order only 
                on a reasoned determination that the benefits of the 
                intended regulation or order justify the costs of the 
                intended regulation or order (recognizing that some 
                benefits and costs are difficult to quantify).
            ``(2) Considerations.--In making a reasoned determination 
        of costs and benefits under paragraph (1), the Commission shall 
        consider--
                    ``(A) the protection of market participants and the 
                public;
                    ``(B) the efficiency, competitiveness, and 
                financial integrity of futures and swaps markets;
                    ``(C) the impact on market liquidity in the futures 
                and swaps markets;
                    ``(D) price discovery;
                    ``(E) sound risk management practices;
                    ``(F) the cost of available alternatives to direct 
                regulation;
                    ``(G) the degree and nature of the risks posed by 
                various activities within the scope of the jurisdiction 
                of the Commission;
                    ``(H) whether, consistent with obtaining regulatory 
                objectives, the regulation or order is tailored to 
                impose the least burden on society, including market 
                participants, individuals, businesses of differing 
                sizes, and other entities (including small communities 
                and governmental entities), taking into account, to the 
                extent practicable, the cumulative costs of regulations 
                and orders;
                    ``(I) whether the regulation or order is 
                inconsistent, incompatible, or duplicative of other 
                Federal regulations and orders; and
                    ``(J) whether, in choosing among alternative 
                regulatory approaches, those approaches maximize net 
                benefits (including potential economic, environmental, 
                and other benefits, distributive impacts, and 
                equity).''.

Output: End-User Protection Act of 2014 - Amends the Commodity Exchange Act with respect to exceptions to the requirement that any swap be cleared by a derivatives clearing organization either registered under that Act, or exempted from registration, if the swap is required to be cleared. Revises the definition of a financial entity subject to such requirement to exclude one that: (1) is a commercial market participant predominantly engaged in activities in the business of banking, or in activities that are financial in nature, but is not supervised by a prudential regulator; or (2) is considered as predominantly engaged in activities in the business of banking or in financial activities because it regularly enters into foreign exchange or derivatives transactions on behalf of, or to hedge or mitigate the commercial risk of, one or more other entities within the entity's same commercial enterprise, or because of making loans to one or more of such other entities. Directs the Commodity Futures Trading Commission (CFTC) to provide by rule for the public reporting of swap transactions, including price and volume data, in illiquid markets that are not cleared and entered into by a nonfinancial entity that is hedging or mitigating commercial risk. Defines &quot;illiquid&quot; as any market in which the volume and frequency of trading in swaps is at such a level as to allow identification of individual market participants. Requires the CFTC to ensure that such swap transaction information is not available to the public until 30 days after the transaction has been executed, or at an appropriate later date, in order to: (1) protect the identity of participants and positions in illiquid markets, and (2) prevent the elimination or reduction of market liquidity. Accords financial entities exempt from swap-clearing requirements the same treatment as exempted affiliates. Revises the exemption of bona fide hedge transactions or positions from certain trading limitations to set criteria for CFTC rules or regulations treating swaps, contracts of sale for future delivery, or options on the contracts or commodities as bona fide hedge transactions or positions also exempt from those limitations. Declares that, if the CFTC imposes any reporting and recordkeeping requirement on any person that is not registered, or required to be registered, with the CFTC, that person shall satisfy the requirements of any pertinent rule, order, or regulation by maintaining a written record of each cash or forward transaction related to a reportable or hedging commodity interest transaction, futures contract, option on a futures contract, or swap. Makes such a written record sufficient if it: (1) memorializes the final agreement between the parties, including the transaction's material economic terms; and (2) is identifiable and searchable by transaction. States that certain requirements for adoption of rules governing capital and margin requirements for swap dealers and major swap participants, including the initial and variation margin requirements imposed by rules adopted according to such requirements, shall not apply to a swap in which a counterparty qualifies for specified exceptions or exemptions. Revises requirements for a CFTC cost-benefit analysis made before an order is issued. Requires the CFTC, acting through the Office of the Chief Economist, among other things to:  state a justification for the regulation or order; state the baseline for the cost-benefit analysis and explain how the regulation or order measures costs against the baseline; assess the costs and benefits, both qualitative and quantitative, of the intended regulation or order; measure, and seek to improve, the actual results of regulatory requirements; and propose or adopt a regulation or order only on a reasoned determination that the benefits of the intended regulation or order justify its costs. 


Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safe Roads for America Act of 
2011''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) An individual who is 65 years of age needs 4 times the 
        amount of light to see at night as compared to an individual 
        who is 25 years of age.
            (2) The AAA Foundation for Traffic Safety projects that by 
        2030 1 in every 4 drivers will be 65 years of age or older.
            (3) Increasing the retroreflectivity and size of traffic 
        signs provides added decision time for older drivers.
            (4) Increasing the retroreflectivity and size of traffic 
        signs also provides for faster response time by emergency 
        medical technicians and police and fire personnel by increasing 
        their ability to read and understand signs and reduce travel 
        time to a site.
            (5) More than 50 percent of traffic accidents resulting in 
        fatalities occur at night, and increased retroreflectivity of 
        traffic signs addresses this issue.
            (6) In 2007, the following deadlines were established in 
        the Manual on Uniform Traffic Control Devices in response to a 
        statutory requirement from Congress:
                    (A) By January 22, 2012, roadway owners must adopt 
                a plan to ensure that their signs meet minimum levels 
                of retroreflectivity.
                    (B) By January 22, 2015, regulatory and warning 
                signs and post-mounted signs must meet minimum levels 
                of retroreflectivity.
                    (C) By January 22, 2018, overhead and street name 
                signs must meet minimum levels of retroreflectivity.
            (7) The Federal Highway Administration has estimated that 
        the cost for making these retroreflectivity improvements for 
        signage throughout the United States is $37,000,000 over a 10-
        year period.
            (8) At no point must a roadway owner replace a sign that 
        meets the minimum levels of retroreflectivity.
            (9) The United States is currently experiencing the worst 
        economic conditions since the Great Depression.
            (10) As a result, local governments across the United 
        States are experiencing one of the most economically 
        challenging times in history, with available revenues unable to 
        match the costs of services demanded by the public.
            (11) To compensate for depressed revenue collections during 
        the economic downturn, counties and cities are adopting severe 
        cost-cutting measures, such as laying off and furloughing 
        employees (including public safety personnel), cancelling or 
        postponing planned capital improvements, deferring necessary 
        maintenance, cutting equipment inventories, and in some cases 
        declaring bankruptcy.
            (12) The costs of employee benefits continue to rise and 
        local governments have to devote more resources to keep up with 
        inflation.
            (13) States are passing along the costs of services to 
        local governments as a method to balance their budgets.
            (14) The outlook for recovery appears to be at least 5 
        years away given that, even when the economy recovers, local 
        governments experience a delay in increased tax collections due 
        to the nature of property tax collections.

SEC. 3. RETROREFLECTIVITY LEVEL STANDARDS APPLICABLE TO TRAFFIC SIGNS.

    (a) In General.--The Secretary of Transportation shall modify the 
target compliance dates for minimum retroreflectivity level standards 
set forth in section 2A.08 of the Manual on Uniform Traffic Control 
Devices for Streets and Highways, 2009 Edition (incorporated by 
reference in subpart F of part 655 of title 23, Code of Federal 
Regulations) so that the following target compliance dates apply:
            (1) A target compliance date of January 22, 2012, for 
        implementation and continued use of an assessment or management 
        method that is designed to maintain traffic sign 
        retroreflectivity at or above the established minimum levels.
            (2) A target compliance date of January 22, 2018, for 
        replacement of regulatory, warning, and post-mounted guide 
        (except street name) signs that are identified using the 
        assessment or management method as failing to meet the 
        established minimum levels.
            (3) A target compliance date of January 22, 2021, for 
        replacement of street name signs and overhead guide signs that 
        are identified using the assessment or management method as 
        failing to meet the established minimum levels.
    (b) Effect on Proposed Regulations.--The Secretary shall revise the 
notice of proposed amendments published in the Federal Register on 
August 31, 2011 (76 Fed. Reg. 54156), to incorporate the target 
compliance dates specified in subsection (a).
    (c) Funding.--The Secretary may use funds available to the 
Secretary to carry out this section notwithstanding any funding 
limitation enacted before the date of enactment of this Act.

SEC. 4. HIGHWAY SAFETY IMPROVEMENT PROGRAM.

    (a) Highway Signs and Pavement Markings.--Section 148(a)(3)(B)(xi) 
of title 23, United States Code, is amended to read as follows:
                            ``(xi) Installation, replacement, and 
                        upgrade of highway signs and pavement markings, 
                        including any upgrade of materials and the 
                        implementation of any assessment or management 
                        method designed to meet a State-established 
                        performance standard, Federal regulation, or 
                        requirement contained in the Manual on Uniform 
                        Traffic Control Devices relating to minimum 
                        levels of retroreflectivity.''.
    (b) Maintaining Minimum Levels of Retroreflectivity.--
            (1) Definition.--Section 148(a) of such title is amended by 
        adding at the end the following:
            ``(7) Project to maintain minimum levels of 
        retroreflectivity.--The term `project to maintain minimum 
        levels of retroreflectivity' means a project undertaken 
        pursuant to the Manual on Uniform Traffic Control Devices 
        requiring public agencies to use an assessment or management 
        method that is designed to maintain highway sign or pavement 
        marking retroreflectivity at or above prescribed minimum 
        levels.''.
            (2) Eligible projects.--Section 148(d)(1) of such title is 
        amended--
                    (A) by striking ``or'' at the end of subparagraph 
                (A);
                    (B) by redesignating subparagraph (B) as 
                subparagraph (C); and
                    (C) by inserting after subparagraph (A) the 
                following:
                    ``(B) any project to maintain minimum levels of 
                retroreflectivity on a public road, whether or not such 
                project is included in the State strategic highway 
                safety plan; or''.
            (3) Increased federal share.--The first sentence of section 
        120(c)(1) of such title is amended by inserting ``maintaining 
        minimum levels of retroreflectivity of highway signs or 
        pavement markings,'' after ``signalization,''.
    (c) Standards for Projects To Upgrade Highway Signs and Pavement 
Markings.--Section 148 of such title is amended by adding at the end 
the following:
    ``(i) Standards for Projects To Upgrade Highway Signs and Pavement 
Markings.--The Secretary shall issue standards for the use of funds 
apportioned to a State under section 104(b)(5) for highway safety 
improvement projects to upgrade highway signs and pavement markings in 
order to meet or exceed minimum maintained levels of retroreflectivity. 
Such standards shall ensure that the projects are carried out so as to 
meet defined criteria, consistent with other safety upgrades, using a 
systematic approach. Such standards shall permit the use of the funds 
for an initial upgrade of highway signs and pavement markings in the 
State, but shall prohibit the funds from being used for maintenance 
activities.''.

Output: Safe Roads for America Act of 2011 - Requires the Secretary of Transportation to modify the target compliance dates for the following minimum retroreflectivity level standards: (1) implementation and continued use of an assessment or management method that is designed to maintain traffic sign retroreflectivity at or above the established minimum levels; (2) replacement of regulatory, warning, and post-mounted guide (except street name) signs identified using the assessment or management method as failing to meet the established minimum levels; and (3) replacement of street name signs and overhead guide signs that are identified using the assessment or management method as failing to meet the established minimum levels.

 Requires the Secretary to revise the notice of proposed amendments published in the Federal Register on August 31, 2011, to incorporate the new target compliance dates.

Includes measures designed to meet a state-established performance standard, federal regulation, or requirement contained in the Manual on Uniform Traffic Control Devices relating to minimum levels of retroreflectivity as projects for purposes of the highway safety improvement program.

Allows a maximum 100% federal share of the costs of construction related to maintaining minimum levels of retroreflectivity of highway signs or pavement markings.

Directs the Secretary to issue standards for the use of funds apportioned to a state for highway safety improvement projects to upgrade highway signs and pavement markings in order to meet or exceed minimum maintained levels of retroreflectivity. Requires such standards to prohibit fund use for maintenance activities.


Input: Consider Input: SECTION 1. SHORT TITLE; REFERENCES TO PPACA.

    (a) Short Title.--This Act may be cited as the ``Medicare Firewall 
Act of 2011''.
    (b) References.--In this Act, the term ``PPACA'' means the Patient 
Protection and Affordable Care Act (Public Law 111-148), as amended by 
the Health Care and Education Reconciliation Act of 2010 (Public Law 
111-152).

SEC. 2. DEFUNDING OF CERTAIN PPACA PROVISIONS TO RESTORE FUNDING TO 
              MEDICARE TRUST FUNDS.

    (a) Defunding New Duties for Consensus-Based Entities and Multi-
Stakeholder Group Input (Section 3014(c)).--
            (1) In general.--Section 3014(c) of PPACA is amended--
                    (A) by striking ``through 2014'' and inserting 
                ``through 2011''; and
                    (B) by striking ``shall remain available until 
                expended'' and inserting ``shall remain available 
                through the date of the enactment of the Medicare 
                Firewall Act of 2011''.
            (2) Restoration to medicare trust funds of unobligated 
        amounts that were transferred.--Of the funds transferred under 
        such section on or before the date of the enactment of this 
        Act, the unobligated balance shall be transferred back into the 
        Medicare Trust Fund or Funds from which it was transferred.
    (b) Defunding of Independence at Home Demonstration Program 
(Section 3024).--
            (1) In general.--Subsection (h) of section 1866E of the 
        Social Security Act (42 U.S.C. 1395cc-5), as inserted by 
        section 3024 of PPACA, is amended--
                    (A) by striking ``2015'' and inserting ``2011''; 
                and
                    (B) by striking ``shall be available until 
                expended'' and inserting ``shall be available through 
                the date of the enactment of the Medicare Firewall Act 
                of 2011''.
            (2) Restoration to medicare trust funds of unobligated 
        amounts that were transferred.--Of the funds transferred under 
        such section 1866D(h) on or before the date of the enactment of 
        this Act, the unobligated balance shall be transferred back 
        into the Medicare Trust Fund or Funds from which it was 
        transferred.
    (c) Defunding Community-Based Care Transitions Program (Section 
3026).--
            (1) In general.--Section 3026(f) of PPACA is amended--
                    (A) by striking ```the period of fiscal years 2011 
                through 2015''' and inserting ``fiscal year 2011''; and
                    (B) by striking ``shall remain available until 
                expended'' and inserting ``shall remain available 
                through the date of the enactment of the Medicare 
                Firewall Act of 2011''.
            (2) Rescission of unobligated balance.--Of the funds 
        transferred under such section on or before the date of the 
        enactment of this Act, the unobligated balance shall be 
        transferred back into the Medicare Trust Fund or Funds from 
        which it was transferred.
    (d) Defunding Demonstration Project on Separate Payments for 
Complex Diagnostic Laboratory Tests (Section 3113).--
            (1) In general.--Section 3113(b) of PPACA is amended by 
        inserting after ``July 1, 2011'' the following: ``, except that 
        the Secretary shall terminate such project as soon as possible 
        after the date of the enactment of the Medicare Firewall Act of 
        2011.''.
            (2) Rescission of unobligated balance.--Of the payments 
        made under such section on or before the date of the enactment 
        of this Act, the unobligated balance shall be transferred back 
        into the Medicare Trust Fund or Funds from which it was 
        transferred.
    (e) Defunding Outreach and Assistance for Low-Income Programs 
(Section 3306).--
            (1) In general.--Subsections (a)(1)(B), (b)(1)(B), 
        (c)(1)(B), and (d)(1)(B) of section 119 of the Medicare 
        Improvements for Patients and Providers Act of 2008 (42 U.S.C. 
        1395b-3 note), as amended by section 3306 of PPACA, are each 
        amended--
                    (A) in clause (ii), by striking ``through 2012'' 
                and inserting ``and 2011''; and
                    (B) by striking ``shall remain available until 
                expended'' and inserting ``shall remain available 
                through the date of the enactment of the Medicare 
                Firewall Act of 2011''.
            (2) Rescission of unobligated balance.--Of the amounts 
        transferred under such subsections on or before the date of the 
        enactment of this Act, the unobligated balances shall be 
        transferred back into the Medicare Trust Fund or Funds from 
        which it was transferred.
    (f) Defunding Independent Payment Advisory Board (IPAB) (Section 
3403).--
            (1) In general.--Section 1899A of the Social Security Act 
        (42 U.S.C. 1395kkk), as added by section 3403(a)(1) of PPACA, 
        is repealed.
            (2) Conforming amendments.--
                    (A) Section 1805(b) of such Act (42 U.S.C. 1395b-
                6(b)) is amended by striking paragraph (4).
                    (B) Section 207(c) of title 18, United States Code, 
                is amended by striking paragraph (3).
                    (C) Section 10320 of PPACA is amended by striking 
                subsection (c).
    (g) Defunding Prevention and Wellness Evaluation (Section 
4202(b)).--
            (1) In general.--Section 4202(b)(4) of PPACA (42 U.S.C. 
        300u-14) is amended by striking ``shall remain available until 
        expended'' and inserting ``shall remain available through the 
        date of the enactment of the Medicare Firewall Act of 2011''.
            (2) Rescission of unobligated balance.--Of the amounts 
        transferred under such section on or before the date of the 
        enactment of this Act, the unobligated balance shall be 
        transferred back into the Medicare Trust Fund or Funds from 
        which it was transferred.
    (h) Defunding Pilot Program for Individuals Residing in Emergency 
Declaration Areas (Section 10323(b)).--
            (1) In general.--Section 1881A(b)(7) of the Social Security 
        Act (42 U.S.C. 1395rr-1(b)(7)), as inserted by section 10323(b) 
        of PPACA, is amended by adding at the end the following: ``No 
        such transfer shall be made after the date of the enactment of 
        the Medicare Firewall Act of 2011.''.
            (2) Restoration of unobligated balance.--Of the amounts 
        transferred under such section on or before the date of the 
        enactment of this Act, the unobligated balance shall be 
        transferred back into the Medicare Trust Fund or Funds from 
        which it was transferred.

SEC. 3. ACCOUNTABILITY FOR TRUST FUND DEMONSTRATION PROJECT 
              EXPENDITURES.

    (a) In General.--Not later than 1 year after the date of the 
enactment of this Act, the Secretary of Health and Human Services shall 
submit to the Congress a report that describes covered demonstration 
projects and identifies those projects for which initial period of the 
project has--
            (1) not demonstrated that the project has met the 
        objectives specified for the project; or
            (2) resulted in net expenditures from the Medicare Trust 
        Funds.
    (b) Plan for Termination or Modification.--For those covered 
demonstration projects identified under subsection (a), the Secretary 
shall include the report under such subsection a plan for the 
termination or modification of each such project.
    (c) Covered Demonstration Project.--In this section, the term 
``covered demonstration project'' means a demonstration, pilot, or 
similar project undertaken with some or all funding from any of the 
Medicare Trust Funds.


Output: Medicare Firewall Act of 2011 - Amends the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010, to defund as of the end of FY2011: (1) the convening of multi-stakeholder groups for input into the selection of health care quality measures, (2) the Independence at Home Demonstration Program, (3) the Community-Based Care Transitions Program, (4) the demonstration project on separate payments under title XVIII (Medicare) of the Social Security Act for complex diagnostic laboratory tests, (5) outreach and assistance for specified state and local low-income programs, (6) the Independent Medicare Advisory Board, (7) evaluation of community-based prevention and wellness programs, and (8) the pilot program for care of certain individuals residing in emergency declaration areas.

Restores to the Medicare Trust Funds unobligated amounts that were originally transferred from them for such programs and activities.

Directs the Secretary of Health and Human Services (HHS) to report to Congress on demonstration, pilot, or similar projects undertaken with funding from any of the Medicare Trust Funds, especially those for which the initial period of the project has: (1) not demonstrated that the project has met its objectives, or (2) resulted in net expenditures from the Medicare Trust Funds. Requires the Secretary to include with this report a plan for termination or modification of each such project.