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 ``Saving Family Homes Act of 2008''.

SEC. 2. RIGHT TO RENT HOME SUBJECT TO FORECLOSURE.

    (a) Exercise of Right.--If, at any time after notice under 
subsection (b) for an eligible mortgage is provided to the eligible 
mortgagor and before the commencement of the 7-day period that ends on 
the first date that the foreclosing creditor may first commence or 
execute such foreclosure pursuant to such notice, the eligible 
mortgagor under the eligible mortgage that is subject to such 
foreclosure provides notice in accordance with section 3, 
notwithstanding such foreclosure or any other interests in the 
property, the eligible mortgagor may, at the sole option of the 
eligible mortgagor, continue to occupy the foreclosed property during 
the 20-year period that begins upon the commencement of such occupancy, 
subject to the requirements of subsection (c).
    (b) Limitation on Timing of Foreclosure; Notice of Default and 
Right To Rent.--Notwithstanding any other provision of law or any 
contract, a foreclosure of an eligible mortgage may not be commenced or 
executed before the expiration of the 28-day period beginning upon the 
receipt, by the eligible mortgagor, of written notice provided by the 
foreclosing creditor for the mortgage that--
            (1) clearly states that--
                    (A) the eligible mortgagor is in default on the 
                mortgage; and
                    (B) foreclosure on the mortgage may or will be 
                commenced on account of such default;
            (2) clearly states that the eligible mortgagor has the 
        right, notwithstanding foreclosure, to continue to occupy the 
        foreclosed property in accordance with this Act, and sets forth 
        the terms of such occupancy under subsections (a) and (c); and
            (3) identifies the first date, pursuant to this section and 
        any other provisions of law and contract, that such foreclosure 
        may be commenced.
    (c) Terms of Periodic Tenancy.--Occupancy, by an eligible 
mortgagor, of a foreclosed property pursuant to subsection (a) shall be 
under a periodic month-to-month tenancy under which the owner of the 
property may terminate the tenancy for material breach but shall have 
no authority, at will, to terminate the tenancy during the occupancy 
pursuant to subsection (a) if the mortgagor--
            (1) timely pays to the owner of the foreclosed property 
        rent on a monthly basis in the amount of the fair market rent 
        for the property determined in accordance with section 4; and
            (2) uses property as the principal residence of the 
        mortgagor.

SEC. 3. REQUIRED NOTICE.

    With respect to an eligible mortgage for which notice under 
subsection (b) has been provided, notice in accordance with this 
section is notice that--
            (1) is made in writing;
            (2) is submitted to--
                    (A) the court having jurisdiction and venue to 
                conduct the covered foreclosure proceeding for the 
                eligible mortgage or, in the case of nonjudicial 
                foreclosure, the court in which an action is brought 
                pursuant to section 5; and
                    (B) the foreclosing creditor; and
            (3) states that the eligible mortgagor is exercising the 
        authority under section 2(a) to continue to occupy the 
        foreclosed property.

SEC. 4. DETERMINATION OF FAIR MARKET RENT.

    (a) Initial Determination.--For purposes of this Act, the fair 
market rent for a foreclosed property involved in a covered foreclosure 
proceeding shall be the amount that is determined by an independent 
appraiser who is licensed or certified, as applicable, to conduct 
appraisals in the jurisdiction in which the property is located, who 
shall be appointed for such purpose by the court conducting such 
proceeding or hearing an action pursuant to section 5.
    (b) Periodic Adjustments.--The fair market rent determined under 
subsection (a) for a foreclosed property shall be adjusted annually to 
reflect changes in the owners' equivalent rent of primary residence 
component, for the appropriate city, region, or class of city, as 
available, of the Consumer Price Index for All Urban Consumers of the 
Bureau of Labor Statistics of the Department of Labor.
    (c) Redetermination.--If the owner of a foreclosed property or the 
eligible mortgagor under the eligible mortgage requests the court 
described in subsection (a) to redetermine the fair market rent for a 
foreclosed property determined pursuant to this section (as such amount 
may have been adjusted pursuant to subsection (b)) and agrees to pay 
any costs of such redetermination (including costs of the appraisal 
involved), the court shall provide for redetermination of the fair 
market rent for the foreclosed property in the manner provided under 
subsection (a), except that no such redetermination shall be made 
pursuant to a request under this subsection made before the expiration 
of the 12-month period beginning upon the most recent redetermination 
conducted at the request of the same party.

SEC. 5. NONJUDICIAL FORECLOSURE PROCEEDINGS.

    In the case of any covered foreclosure proceeding that is not 
conducted or administered by a court, the eligible mortgagor may bring 
an action in an appropriate court of the State in which the foreclosed 
property is located for a determination of fair market rent for the 
foreclosed property for purposes of this Act, by filing notice in 
accordance with section 3 with such court and otherwise complying with 
the rules of such court.

SEC. 6. NO BAR TO FORECLOSURE.

    This Act may not be construed to delay, or otherwise modify, 
affect, or alter any right of a creditor under an eligible mortgage to 
foreclose on the mortgage and to sell the foreclosed property in 
connection with such foreclosure, except that the right of any owner of 
the property to possession of the property shall be subject to the 
leasehold interest established pursuant to section 2(c).

SEC. 7. RIGHT TO REINSTATEMENT.

    This Act may not be construed to affect any right of any eligible 
mortgagor to reinstatement of an eligible mortgage, including any right 
established under contract or State law.

SEC. 8. JURISDICTION OF FEDERAL COURTS.

    At the option of the eligible mortgagor, a proceeding under section 
4 or 5 shall be removed to the appropriate district court of the United 
States in accordance with section 1441 of title 28, United States Code.

SEC. 9. EFFECT ON STATE LAW.

    This Act does not annul, alter, affect, or exempt any person 
subject to the provisions of this Act from complying with the laws of 
any State regarding foreclosure on residential properties, except to 
the extent that such laws are inconsistent with any provision of this 
Act, and then only to the extent of such inconsistency.

SEC. 10. DEFINITIONS.

    For purposes of this Act, the following definitions apply:
            (1) Covered foreclosure proceeding.--The term ``covered 
        foreclosure proceeding'' means a foreclosure proceeding with 
        respect to an eligible mortgage, and includes any foreclosure 
        proceeding authorized under the law of the applicable State, 
        including judicial and non-judicial foreclosure proceedings.
            (2) Eligible mortgagor.--The term ``eligible mortgagor'' 
        means a mortgagor under an eligible mortgage.
            (3) Eligible mortgage.--The term ``eligible mortgage'' 
        means a first mortgage--
                    (A) on property that--
                            (i) is a single family property; and
                            (ii) has been used as the principal 
                        residence of the eligible mortgagor for a 
                        period of not less than 2 years immediately 
                        preceding the initiation of the covered 
                        foreclosure proceeding involved;
                    (B) that was made in connection with the purchase 
                of the property by the mortgagor for a purchase price 
                that is less than the median purchase price for 
                residences that are located in--
                            (i) the same metropolitan statistical area; 
                        or
                            (ii) if the property is not located in a 
                        metropolitan statistical area or information 
                        for the area is not available, the same State; 
                        and
                    (C) that was originated before July 1, 2007.
        For purposes of subparagraph (B), the median purchase price of 
        residences located within a metropolitan area or State shall be 
        determined according to information collected and made 
        available by the National Association of Realtors for such area 
        or State for the most recently completed month for which such 
        information is available.
            (4) Foreclosed property.--The term ``foreclosed property'' 
        means, with respect to a covered foreclosure proceeding, the 
        single family property that is subject to the eligible mortgage 
        being foreclosed under the proceeding.
            (5) Foreclosing creditor.--The term ``foreclosing 
        creditor'' means, with respect to a covered foreclosure 
        proceeding, the creditor that is foreclosing the eligible 
        mortgage through such proceeding.
            (6) Owner.--The term ``owner'' means, with respect to a 
        foreclosed property, the person who has title to the property 
        pursuant to the foreclosure proceeding for the property, and 
        any successor or assign of such person.
            (7) Single family property.--The term ``single family 
        property'' means--
                    (A) a structure consisting of 1 to 4 dwelling 
                units;
                    (B) a dwelling unit in a multi-unit condominium 
                property together with an undivided interest in the 
                common areas and facilities serving the property; or
                    (C) a dwelling unit in a multi-unit project for 
                which purchase of stock or a membership interest 
                entitles the purchaser to permanent occupancy of that 
                unit.

SEC. 11. APPLICABILITY AND SUNSET.

    (a) Applicability.--Subject to subsection (b), this Act shall apply 
to any covered foreclosure proceeding that has not been finally 
adjudicated as of the date of the enactment of this Act.
    (b) Sunset.--This Act shall not apply to any foreclosure proceeding 
commenced after the expiration of the 5-year period beginning on the 
date of the enactment of this Act.

Ex Output:
Saving Family Homes Act of 2008 - Grants eligible mortgagors subject to foreclosure proceedings the right to continue to occupy forclosed properties subject to the payment of fair market rent for a period of 20 years that begins upon the commencement of occupancy of such property.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bucket Drowning Prevention Act of 
1993.''

SEC. 2. LABELING STANDARD REQUIREMENTS.

    On October 1, 1994, or 240 days after the date of the enactment of 
this title, whichever first occurs, there is established and effective 
a consumer product safety standard under section 9 of the Consumer 
Product Safety Act (15 U.S.C. 2058), to eliminate or reduce the risk of 
injury or death resulting from infants falling into 4-gallon to 6-
gallon buckets containing liquid. Such standard, when established, 
shall require straight sided or slightly tapered, open head containers 
with a capacity of more than 4 gallons and less than 6 gallons 
(referred to in this Act as a ``bucket''), to bear one warning label in 
English and Spanish. The label shall meet the following requirements:
            (1) The label shall be permanent so that such label cannot 
        be removed, torn or defaced without the aid of tools or 
        solvents.
            (2) The label shall be at least 7 inches in height, and 
        3\1/2\ inches in width, or any larger size as the labeler may 
        choose.
            (3) The label shall be centered on one side of the bucket 
        just below the point where the handle is inserted.
            (4) The label shall have a border or other form of contrast 
        around its edges to delineate it from any other information on 
        the bucket.
            (5) The label shall bear (A) the signal word ``WARNING'' in 
        both English and Spanish, in bold uppercase lettering, and (B) 
        in upper and lower case lettering the words ``Children Can Fall 
        Into Bucket and Drown. Keep Children Away From Buckets With 
        Even a Small Amount of Liquid.'', with an equivalent Spanish 
        translation in at least the same type size as English. The 
        signal word panel shall be preceded by a safety alert symbol 
        consisting of an exclamation mark in a triangle.
            (6) The label shall be clear and conspicuous and in 
        contrasting colors.
            (7) The label shall include a picture of a child falling 
        into a bucket containing liquid. An encircled slash symbol 
        shall be superimposed over, and surround the pictorial. The 
        picture shall be positioned between the signal word panel and 
        the message panel.

SEC. 3. CERTAIN BUCKETS NOT AFFECTED.

    The standard established by section 2 applies only to buckets 
manufactured or imported on or after the effective date of such 
standard, and buckets manufactured or imported before such effective 
date may be sold without the warning label required by section 2 even 
though such sales occur after that date. The Consumer Product Safety 
Commission, by rule, shall prohibit a manufacturer, filler, 
distributor, and retailer from stockpiling buckets to which consumer 
product safety standards established by section 2 of this title would 
have applied but for the preceding sentence. For purposes of this 
section, the term ``stockpiling'' shall have the same meaning as that 
provided by section 9(g)(2) of the Consumer Product Safety Act.

SEC. 4. PROHIBITED ACTS.

    (a) Removal of Label.--Once placed on a bucket pursuant to the 
standard provided by section 2, it shall be a prohibited act under 
section 19 of the Consumer Product Safety Act for any person in the 
chain of distribution of the bucket to intentionally cover, obstruct, 
tear, deface or remove the label.
    (b) Consumer Product Safety Standard.--The standard established by 
section 2 of this title shall be considered a consumer product safety 
standard established under the Consumer Product Safety Act.

SEC. 5. EXISTING LABELS.

    Notwithstanding section 2, any bucket label in use on September 1, 
1993, may, if such label is substantially in conformance with the 
requirements of paragraphs (3), (4), (5), and (6) of section 2, 
continue to be placed on buckets until 12 months after the date of the 
enactment of this title. Notwithstanding the preceding sentence, 
buckets subject to the provisions of this section must bear both an 
English and Spanish language label on and after the effective date of 
the standard established by section 2.

SEC. 6. AMENDMENTS.

    Section 553 of title 5, United States Code, shall apply with 
respect to the Consumer Product Safety Commission's issuance of any 
amendments or changes to the bucket labeling standard established by 
section 2 of this title. Sections 7 and 9 of the Consumer Product 
Safety Act shall not apply to such amendments or changes.

SEC. 7. RESPONSIBILITY FOR LABELING.

    (a) Labeling.--The standard established by section 2 requires the 
labeling of buckets covered by such standard to be the responsibility 
of the manufacturer of any such buckets, unless otherwise specified by 
contract between the manufacturer, and either the filler, distributor, 
or retailer of such buckets. Under no circumstances shall any such 
bucket enter the stream of commerce without such label.
    (b) Time for Placing Labels.--The required label must be on the 
bucket at the time it is sold or delivered to the end user of the 
bucket or its contents or, in the case of a bucket intended to be sold 
to the public in an empty state, at the time it is shipped to a 
retailer for sale to the public.

SEC. 8. PERFORMANCE STANDARD.

    (a) Performance Standard.--Within 30 days following the date of 
enactment of this title, the Consumer Product Safety Commission shall 
commence a proceeding under the Consumer Product Safety Act for the 
issuance of a performance standard for buckets to address the drowning 
hazard associated with this product. Section 553 of title 5, United 
States Code, shall apply with respect to the issuance of such standard. 
Sections 7 and 9 of the Consumer Product Safety Act shall not apply to 
the issuance of such standard. Such standard shall take effect at such 
time as may be prescribed by the Consumer Product Safety Commission, 
but in no event later than 15 months following the date of the 
enactment of this title. The Consumer Product Safety Commission shall 
consider any American Society for Testing and Materials voluntary 
performance standard in existence prior to such date of enactment.
    (b) Labeling Requirements.--The labeling requirements under section 
2 shall not apply to buckets certified by the Consumer Product Safety 
Commission as meeting the performance standard in subsection (a).

SEC. 9. CONSULTATION.

    To avoid duplicative and conflicting labeling, the Consumer Product 
Safety Commission shall complete a consultation with relevant Federal 
agencies within 30 days following the date of enactment of this Act.

SEC. 10. REQUIREMENT FOR CPSC STUDY.

    (a) The Consumer Product Safety Commission shall conduct a study to 
determine:
            (1) consumer use patterns of new and used 4- to 6- gallon 
        steel and metal buckets; and
            (2) the prevalence of incidents of death or injury to 
        children associated with the use of such containers.
The study also shall be designed to identify use patterns that may 
signify that such containers are being used by consumers in and around 
a household, residence, school or otherwise. The study shall be 
completed within 12 months of the date of enactment. The study shall be 
repeated for two consecutive years following completion of the initial 
study. The study shall be repeated if necessary to track any changes in 
use patterns or to identify incidents of death or injury.
    (b) During the pendency of this study and in the absence of any 
regulation of 4- to 6-gallon containers by the Commission thereafter, 
metal containers which would otherwise be required to comply with the 
labeling requirements of section 3 are exempt from such requirements. 
For the purposes of section 26 of the Consumer Product Safety Act, such 
exemption shall be considered a consumer product safety standard. Upon 
review of the results of the study, the CPSC shall decide whether to 
continue this exemption, to require compliance by metal containers, or 
to consider further study in the future.

Ex Output:
Bucket Drowning Prevention Act of 1993 - Establishes a consumer product safety standard requiring four- to six-gallon buckets to bear a warning label that includes a picture of a child falling into a bucket and the words, in English and Spanish:  "WARNING.  Children Can Fall into Bucket and Drown.  Keep Children Away From Buckets With Even a Small Amount of Liquid." 
Exempts buckets manufactured or imported before the effective date of this labeling standard.  Requires the Consumer Product Safety Commission to prohibit a manufacturer, filler, distributor, and retailer from stockpiling such buckets. 
Requires the Commission to conduct a study to determine:  (1) consumer use patterns of new and used four- to six-gallon steel and metal buckets; and (2) the prevalence of incidents of death or injury to children associated with their use.  Exempts metal containers from the labeling requirements of this Act during the pendency of the study and in the absence of any regulation of four- to six-gallon containers by the Commission thereafter. Requires the Commission, upon the review of the results of the study, to decide whether to continue this exemption, to require compliance by metal containers, or to consider a further study.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Trash Reduction Act of 2015''.

SEC. 2. IMPOSITION OF TAX ON CARRYOUT BAGS.

    (a) General Rule.--Chapter 31 of the Internal Revenue Code of 1986 
(relating to retail excise taxes) is amended by inserting after 
subchapter C the following new subchapter:

                     ``Subchapter D--Carryout Bags

``Sec. 4056. Imposition of tax.

``SEC. 4056. IMPOSITION OF TAX.

    ``(a) General Rule.--There is hereby imposed on any retail sale a 
tax on each carryout bag.
    ``(b) Amount of Tax.--The amount of tax imposed by subsection (a) 
shall be $0.10 per carryout bag.
    ``(c) Liability for Tax.--The retailer shall be liable for the tax 
imposed by this section.
    ``(d) Definitions.--For purposes of this section--
            ``(1) Carryout bag.--
                    ``(A) In general.--The term `carryout bag' means a 
                bag of any material, commonly plastic or kraft paper, 
                which is provided to a consumer at the point of sale to 
                carry or cover purchases, merchandise, or other items.
                    ``(B) Exceptions.--Such term does not include--
                            ``(i) any reusable bag that is distributed 
                        to a customer without charge during a limited 
                        duration promotional event,
                            ``(ii) any bag manufactured for use by a 
                        customer inside a store to package bulk items 
                        such as fruit, vegetables, nuts, grains, candy, 
                        or small hardware items, such as nails and 
                        bolts,
                            ``(iii) any bag that contains or wraps 
                        frozen foods, prepared foods, or baked goods 
                        when not prepackaged,
                            ``(iv) any bag manufactured for use by a 
                        pharmacist to contain prescription drugs, and
                            ``(v) any bag manufactured to be sold at 
                        retail in packages containing multiple bags 
                        intended for use as garbage, pet waste, or yard 
                        waste bags.
            ``(2) Reusable bag.--The term `reusable bag' means a bag 
        that is--
                    ``(A)(i) made of cloth or other machine washable 
                fabric, or
                    ``(ii) made of a durable plastic that is at least 
                2.25 millimeters thick, and
                    ``(B) is specifically designed and manufactured for 
                multiple use.
            ``(3) Limited duration promotional event.--A limited 
        duration promotional event shall not be treated as including 
        any day in a calendar year if limited duration promotional 
        events taken into account under paragraph (1)(B)(i) have 
        occurred on 7 or more preceding days during such calendar year.
    ``(e) Special Rules.--
            ``(1) Pass through of tax.--The tax imposed by subsection 
        (a) shall be passed through to the customer and shall be 
        separately stated on the receipt of sale provided to the 
        customer.
            ``(2) 1st retail sale; use treated as sale.--For purposes 
        of this section, rules similar to the rules of subsections (a) 
        and (b) of section 4002 shall apply.''.
    (b) Plastic Carryout Bag Recycling Program.--Subchapter B of 
chapter 65 of such Code is amended by adding at the end the following 
new section:

``SEC. 6433. QUALIFIED PLASTIC CARRYOUT BAG RECYCLING PROGRAM.

    ``(a) Allowance of Credit.--If--
            ``(1) tax has been imposed under section 4056 on any 
        carryout bag,
            ``(2) a retailer provides such bag to a customer in a point 
        of sale transaction,
            ``(3) in the case of a carryout bag made of paper, such 
        paper consists of not less than 40 percent post-consumer 
        recycled content,
            ``(4) such retailer has in effect at the time of such 
        transaction a qualified plastic carryout bag recycling program, 
        and
            ``(5) such retailer has kept and can produce records for 
        purposes of this section and section 4056 that include the 
        total number of carryout bags purchased and the amounts passed 
        through to the customer for such bags pursuant to section 
        4056(e),
the Secretary shall pay (without interest) to such retailer an amount 
equal to the applicable amount for each such bag used by the retailer 
in connection with a point of sale transaction.
    ``(b) Applicable Amount.--For purposes of subsection (a), the 
applicable amount is $0.04.
    ``(c) Qualified Plastic Carryout Bag Recycling Program.--For 
purposes of this section--
            ``(1) In general.--The term `qualified plastic carryout bag 
        recycling program' means a recycling program under which the 
        retailer--
                    ``(A) to the extent the retailer provides carryout 
                bags (as defined in section 4056) made of plastic to 
                customers--
                            ``(i) passes through the tax imposed by 
                        section 4056 and tracks the total number of 
                        bags purchased and amount of tax passed through 
                        pursuant to section 6433(a),
                            ``(ii) has printed or displayed on each 
                        such bag, in a manner clearly visible to a 
                        customer, the words `PLEASE RETURN TO A 
                        PARTICIPATING STORE FOR RECYCLING',
                            ``(iii) uses bags that are 100-percent 
                        recyclable, and
                            ``(iv) uses bags that are made of high-
                        density polyethylene film marked with the SPI 
                        resin identification code 2 or low-density 
                        polyethylene film marked with the SPI resin 
                        identification code 4,
                    ``(B) places at each place of business at which 
                retail operations are conducted one or more plastic 
                carryout bag collection bins which are visible, easily 
                accessible to the customer, and clearly marked as being 
                for the purpose of collecting and recycling plastic 
                carryout bags,
                    ``(C) recycles the plastic carryout bags collected 
                pursuant to subparagraph (B),
                    ``(D) maintains for not less than 3 years records 
                (which shall be available to the Secretary) describing 
                the collection, transport, and recycling of plastic 
                carryout bags collected,
                    ``(E) makes available to customers within the 
                retail establishment reusable bags (as defined in 
                section 4056(c)(2)) which may be purchased and used in 
                lieu of using a single-use carryout bag, and
                    ``(F) meets the definition of section 4056(d)(3).
            ``(2) Recycling program.--The term `recycling program' 
        means a program that processes used materials or waste 
        materials into new products to prevent waste of potentially 
        useful materials; reduce raw materials consumption; reduce 
        energy usage; reduce air, water, or other pollution; or reduce 
        the need for disposal.''.
    (c) Establishment of Trust Fund.--Subchapter A of chapter 98 of 
such Code (relating to trust fund code) is amended by adding at the end 
the following:

``SEC. 9512. CARRYOUT BAG TRUST FUND.

    ``(a) Creation of Trust Fund.--There is established in the Treasury 
of the United States a trust fund to be known as the `Carryout Bag 
Trust Fund' (referred to in this section as the `Trust Fund'), 
consisting of such amounts as may be appropriated or credited to the 
Trust Fund as provided in this section or section 9602(b).
    ``(b) Transfers to Trust Fund.--There is hereby appropriated to the 
Trust Fund an amount equivalent to the amounts received in the Treasury 
pursuant to section 4056.
    ``(c) Expenditures From Trust Fund.--Amounts in the Trust Fund 
shall be available, as provided by appropriation Acts, for making 
payments under section 6433.
    ``(d) Transfer to Land and Water Conservation Fund.--
            ``(1) In general.--The Secretary shall pay from time to 
        time from the Trust Fund into the Land and Water Conservation 
        Fund provided for in title I of the Land and Water Conservation 
        Fund Act of 1965 amounts (as determined by the Secretary) 
        equivalent to the aggregate of the transactions on which tax is 
        imposed under section 4056 aggregate amounts determined on the 
        basis of $0.06.
            ``(2) Special rule regarding amounts transferred.--Amounts 
        transferred to the Land and Water Conservation Fund under 
        paragraph (1) shall not be taken into account for purposes of 
        determining amounts to be appropriated or credited to the fund 
        under section 2(c) of the Land and Water Conservation Fund Act 
        of 1965 (16 U.S.C. 460l-5(c)).''.
    (d) Study.--Not later than December 31, 2017, the Comptroller 
General of the United States shall conduct a study on the effectiveness 
of the provisions of this Act at reducing the use of carryout bags and 
encouraging recycling of such bags. The report shall address--
            (1) measures that the Comptroller General determines may 
        increase the effectiveness of such provisions, including the 
        amount of tax imposed on each carryout bag, and
            (2) any effects, both positive and negative, on any United 
        States businesses.
The Comptroller General shall submit a report of such study to the 
Committee on Ways and Means of the House of Representatives and the 
Committee on Finance of the Senate.
    (e) Clerical Amendments.--
            (1) The table of subchapters for chapter 31 of such Code is 
        amended by inserting after the item relating to subchapter C 
        the following new item:

``Subchapter D. Carryout bags.''.
            (2) The table of sections for subchapter B of chapter 65 of 
        such Code is amended by adding at the end the following new 
        item:

``Sec. 6433. Qualified plastic carryout bag recycling program.''.
            (3) The table of sections for subchapter A of chapter 98 of 
        such Code is amended by adding at the end the following new 
        item:

``Sec. 9512. Carryout bag trust fund.''.
    (f) Effective Date.--The amendments made by this section shall take 
effect on July 1, 2016.

Ex Output:

Trash Reduction Act of 2015  This bill amends the Internal Revenue Code to require retailers to pay a $0.10 excise tax on each carryout bag provided to a consumer. A &quot;carryout bag&quot; means a bag of any material, commonly plastic or kraft paper, which is provided to a consumer at the point of sale to carry or cover purchases, merchandise, or other items. Reusable bags and certain other bags used for specified purposes are exempt from such tax.  The bill allows retailers who establish a qualified plastic carryout bag recycling program a rebate for each recyclable bag used by the retailer. The bill establishes the Carryout Bag Trust Fund to hold tax revenues generated by this Act and directs the Department of the Treasury to make payments from such Trust Fund for the qualified plastic carryout bag recycling program and to the Land and Water Conservation Fund established by the Land and Water Conservation Fund Act of 1965.  The Government Accountability Office must study and report to Congress on the effectiveness of this Act in reducing the use of carryout bags and encouraging recycling of such bags.