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

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Defending Our Great Lakes Act of 
2015''.

SEC. 2. AQUATIC INVASIVE SPECIES CONTROL ZONE AT BRANDON ROAD LOCK AND 
              DAM SITE, JOLIET, ILLINOIS.

    (a) Immediate Actions.--
            (1) In general.--The Secretary of the Army, acting through 
        the Chief of Engineers, the Secretary of the Interior, acting 
        through the Director of the United States Fish and Wildlife 
        Service and the Director of the United States Geological 
        Survey, the Administrator of the Environmental Protection 
        Agency, and any other applicable Federal agency shall take 
        immediate actions to prevent the upstream transfer of aquatic 
        nuisance species from the Mississippi River basin to the Great 
        Lakes basin through the Brandon Road Lock and Dam site.
            (2) Focus.--Actions under paragraph (1) shall place a 
        special focus on Asian carp species and other aquatic nuisance 
        species of concern to the Great Lakes as referenced in the 
        Great Lakes Mississippi River Interbasin Study of the Army 
        Corps of Engineers issued pursuant to section 1538 of Public 
        Law 112-141 (126 Stat. 586).
    (b) Construction.--
            (1) Required measures.--The Chief of Engineers shall 
        implement measures to improve the Brandon Road Lock and Dam 
        site to prevent the upstream transfer of Asian carp and other 
        swimming aquatic nuisance species through the lock and dam, 
        including--
                    (A) constructing an engineered channel in the 
                approach to the site from the Mississippi River 
                direction, as outlined in the report issued pursuant to 
                section 1538 of Public Law 112-141 (126 Stat. 586); and
                    (B) adding technologies and measures necessary for 
                aquatic nuisance species control, while protecting the 
                area's ecosystem to the greatest extent feasible.
            (2) Cost estimate and schedule.--Not later than 180 days 
        after the date of enactment of this Act, the Chief of Engineers 
        shall submit to Congress a cost estimate for, and schedule for 
        completion of, measures to be constructed under this 
        subsection.
    (c) Other Measures.--The Director of the United States Fish and 
Wildlife Service, in consultation with the Director of the United 
States Geological Survey, the Chief of Engineers, the Commandant of the 
United States Coast Guard, the Administrator of the Environmental 
Protection Agency, and the heads of other relevant agencies, shall 
implement all appropriate measures in compliance with applicable State 
and Federal law around the Brandon Road Lock and Dam site on the 
Illinois River to prevent the upstream transfer of swimming and 
floating aquatic nuisance species, with a focus on Asian carp species, 
including--
            (1) implementing existing Asian carp monitoring and control 
        strategies at the Brandon Road site, as applicable, including 
        real-time monitoring for aquatic nuisance species passing 
        through by using relevant technology;
            (2) using the Brandon Road Lock and Dam site to the maximum 
        extent practicable to test new aquatic nuisance species control 
        technologies and measures;
            (3) implementing control strategies identified through that 
        testing necessary to fulfill the objectives of this section, 
        considering those strategies that minimize the negative impact 
        on the river ecosystem and desirable aquatic native species, 
        while maintaining efficient navigation; and
            (4) developing best management practices to mitigate 
        aquatic nuisance species transfer by boat and barge operators 
        on the Illinois River and Chicago Sanitary and Shipping Canal 
        and working with operators to implement the practices.
    (d) Administration.--
            (1) Acquisition of real estate.--The Chief of Engineers may 
        only acquire real estate that is necessary to carry out this 
        section and shall do so pursuant to the laws (including 
        regulations) in existence at the time of the acquisition.
            (2) Cooperation.--In carrying out this section, the Chief 
        of Engineers, the Director of the United States Fish and 
        Wildlife Service, and the Director of the United States 
        Geological Survey shall coordinate with each other and--
                    (A) the Governors of Illinois, Indiana, Michigan, 
                Minnesota, New York, Ohio, Pennsylvania, and Wisconsin;
                    (B) the Chicago Area Waterway System Advisory 
                Committee; and
                    (C) any other applicable State, regional, local, 
                and international government entity.
            (3) Consultation.--In carrying out this section, the Chief 
        of Engineers, the Director of the United States Fish and 
        Wildlife Service, and the Director of the United States 
        Geological Survey shall consult with appropriate entities in 
        the business, commerce, and environmental communities.

SEC. 3. ACTIONS RELATED TO THE LONG-TERM PREVENTION OF AQUATIC NUISANCE 
              SPECIES TRANSFER BETWEEN THE GREAT LAKES BASIN AND 
              MISSISSIPPI RIVER BASIN.

    (a) In General.--The Secretary of the Army, acting through the 
Chief of Engineers, the Secretary of the Interior, acting through the 
Director of the United States Fish and Wildlife Service and the 
Director of the United States Geological Survey, the Administrator of 
the Environmental Protection Agency, and any other applicable Federal 
entity shall take actions for the long-term prevention of aquatic 
nuisance species between the Mississippi River basin and the Great 
Lakes basin, including transfer through the Chicago Area Waterway 
System.
    (b) Construction.--The Chief of Engineers shall coordinate with the 
Governor of Illinois, the City of Chicago, the Metropolitan Water 
Reclamation District of Greater Chicago, and other relevant entities to 
design, engineer, and construct flood mitigation and water quality 
measures on the Chicago Area Waterway System related to the prevention 
of the transfer of aquatic nuisance species between the Mississippi 
River basin and the Great Lakes basin, including transfer through the 
Chicago Area Waterway System.
    (c) Requirements.--In carrying out subsection (b), the Chief of 
Engineers shall--
            (1) coordinate with the City of Chicago and the 
        Metropolitan Water Reclamation District of Greater Chicago to 
        combine infrastructure to the maximum extent practicable with 
        the Tunnel and Reservoir Plan of the Metropolitan Water 
        Reclamation District of Greater Chicago, and other relevant 
        storm and sewer water infrastructure projects;
            (2) ensure flood mitigation in the vicinity of the Chicago 
        Area Waterway System is improved and strengthen protections 
        against flooding for residential and commercial neighborhoods;
            (3) ensure water quality is protected in the Great Lakes, 
        the Chicago Waterway System, and the Mississippi River basin 
        consistent with the Federal Water Pollution Control Act (33 
        U.S.C. 1251 et seq.);
            (4) provide for continued commercial and recreational 
        watercraft traffic on the Chicago Area Waterway System, and 
        maintain efficient navigation; and
            (5) prioritize efforts to prevent the upstream and 
        downstream transfer of aquatic nuisance species.
    (d) Administration.--
            (1) Cooperation.--In carrying out this section, the Chief 
        of Engineers, the Director of the United States Fish and 
        Wildlife Service, and the Director of the United States 
        Geological Survey shall coordinate with each other and--
                    (A) the Governors of Illinois, Indiana, Michigan, 
                Minnesota, New York, Ohio, Pennsylvania, and Wisconsin;
                    (B) the Chicago Area Waterway System Advisory 
                Committee; and
                    (C) any other applicable State, regional, local, 
                and international government entity.
            (2) Consultation.--In carrying out this section, the Chief 
        of Engineers, the Director of the United States Fish and 
        Wildlife Service, and the Director of the United States 
        Geological Survey shall consult with appropriate entities in 
        the business, commerce, and environmental communities.
            (3) Delegation.--In carrying out this section, the Chief of 
        Engineers may delegate parts of the project to non-Federal 
        entities subject to the availability of funding.
            (4) Identification of partners.--In carrying out this 
        section, the Chief of Engineers shall work to identify non-
        Federal cost-share partners when applicable.
            (5) Acquisition of real estate.--The Chief of Engineers may 
        only acquire real estate that is necessary to carry out this 
        section and shall do so pursuant to the laws (including 
        regulations) in existence at the time of the acquisition.
    (e) Report.--
            (1) In general.--Not later than 18 months after the date of 
        enactment of this Act, and each year thereafter, the Chief of 
        Engineers shall submit to the Committee on Environment and 
        Public Works of the Senate and the Committee on Transportation 
        and Infrastructure of the House of Representatives a report 
        describing the progress made, and a plan for further actions to 
        be taken, under this section.
            (2) Public availability.--Reports under paragraph (1) shall 
        be made available to the public through electronic means, 
        including the Internet.

SEC. 4. SENSE OF CONGRESS.

    It is the sense of Congress that there is an ongoing need to 
further examine and protect the tributaries and waterways located in 
other affected areas and States in the Great Lakes region, including at 
a minimum, the St. Croix River, the Minnesota River, the Wisconsin 
River, and the Ohio River, against the transfer of aquatic nuisance 
species.
Example Output: Defending Our Great Lakes Act of 2015 This bill requires federal agencies to take immediate actions to prevent the upstream transfer of aquatic nuisance species from the Mississippi River basin to the Great Lakes basin through the Brandon Road Lock and Dam site. The actions must place a special focus on Asian carp species and other aquatic nuisance species of concern to the Great Lakes referred to in the Great Lakes Mississippi River Interbasin Study conducted by the U.S. Army Corps of Engineers.  The Army Corps must implement measures to improve the site to prevent the upstream transfer of Asian carp and other aquatic nuisance species swimming through the lock and dam, including by constructing an engineered channel in the approach to the site from the Mississippi River direction. The U.S. Fish and Wildlife Service must implement all appropriate measures around the site on the Illinois River to prevent the upstream transfer of swimming and floating aquatic nuisance species, with a focus on Asian carp species.  Federal entities must take actions for the long-term prevention of the transfer of aquatic nuisance species between the Mississippi River and Great Lakes basins, including through the Chicago Area Waterway System. The Army Corps must design, engineer, and construct flood mitigation and water quality measures on the Chicago Area Waterway System related to preventing such transfer.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Film Incentive Reform Act of 2014''.

SEC. 2. MODIFICATION AND EXTENSION OF ELECTION TO EXPENSE THE COST OF 
              QUALIFIED FILM, TELEVISION, AND THEATRICAL PRODUCTIONS.

    (a) Extension.--Section 181(f) of the Internal Revenue Code of 1986 
is amended by striking ``December 31, 2013'' and inserting ``December 
31, 2015''.
    (b) Modification of Qualified Film, Television and Theatrical 
Productions to Which Section Applies.--
            (1) In general.--Section 181(d) of such Code is amended to 
        read as follows:
    ``(d) Qualified Film, Television, or Theatrical Production.--For 
purposes of this section--
            ``(1) In general.--The term `qualified film, television, or 
        theatrical production' means--
                    ``(A) any film or television production if 100 
                percent of the total compensation of the film or 
                television production is compensation for services 
                performed in the United States, and
                    ``(B) any theatrical production if 75 percent of 
                the total compensation of the theatrical production is 
                qualified compensation.
            ``(2) Film or television production.--
                    ``(A) In general.--The term `film or television 
                production' means property described in section 
                168(f)(3).
                    ``(B) Special rule for television series.--In the 
                case of a television series--
                            ``(i) each episode of such series shall be 
                        treated as a separate production, and
                            ``(ii) only the first 44 episodes of such 
                        series shall be taken into account.
            ``(3) Theatrical production.--
                    ``(A) In general.--The term `theatrical production' 
                means a live staged production of a play (with or 
                without music) which is derived from a written book or 
                script and is produced or presented in any venue which 
                has an audience capacity of not more than 3,000 or a 
                series of venues the majority of which have an audience 
                capacity of not more than 3,000.
                    ``(B) Touring companies.--In the case of multiple 
                live staged productions for which an election under 
                this section is made by the same taxpayer and which 
                are--
                            ``(i) separate phases of a production, or
                            ``(ii) separate simultaneous stagings of 
                        the same production in different geographical 
                        locations (not including multiple performance 
                        locations of any one touring production),
                each such live staged production shall be treated as a 
                separate production.
                    ``(C) Phases.--For purposes of subparagraph (B), 
                the term `phase' refers to each of the following (but 
                only if the taxpayer treats each of the following as a 
                separate activity for all purposes of this title):
                            ``(i) The initial staging of the 
                        production.
                            ``(ii) Subsequent additional stagings or 
                        tourings of the production which are produced 
                        by the same producer as the initial staging.
                    ``(D) Qualified compensation.--
                            ``(i) In general.--For purposes of 
                        paragraph (1)(B), the term `qualified 
                        compensation' means compensation for services 
                        performed in the United States by actors, 
                        directors, musicians, producers, and other 
                        production and post-production personnel.
                            ``(ii) Participations and residuals 
                        excluded.--For purposes of paragraph (1)(B) and 
                        clause (i), the term `compensation' does not 
                        include participations and residuals (as 
                        defined in section 167(g)(7)(B)).
            ``(4) Exception.--The term `qualified film, television, or 
        theatrical production' shall not include any production if 
        records are required under section 2257 of title 18, United 
        States Code, to be maintained with respect to any performer in 
        such production.''.
            (2) Conforming amendments.--
                    (A) Subsections (a)(1), (a)(2)(A), (a)(2)(B), (b), 
                and (c)(1) of section 181 of such Code are each amended 
                by striking ``any qualified film or television 
                production'' and inserting ``any qualified film, 
                television, or theatrical production''.
                    (B) Section 181(f) of such Code is amended by 
                striking ``qualified film and television productions'' 
                and inserting ``any qualified film, television, or 
                theatrical production''.
                    (C) The heading of section 181 is amended by 
                striking ``qualified film and television productions'' 
                and inserting ``qualified film, television, and 
                theatrical productions''.
                    (D) The item relating to section 181 in the table 
                of sections for part VI of subchapter B of chapter 1 of 
                such Code is amended to read as follows:

``Sec. 181. Treatment of certain qualified film, television, and 
                            theatrical productions.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to qualified film, television, and theatrical productions 
commencing after December 31, 2013.
Example Output: Film Incentive Reform Act of 2014 - Amends the Internal Revenue Code to: (1) extend through 2015 the election to expense the cost of qualified film, television, and theatrical productions; and (2) include theatrical productions in such expensing allowance. Defines "theatrical production" as a live staged production of a play derived from a written book or script and&nbsp;produced or presented in any venue which has an audience capacity of more than 3,000.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Middle Class Tax Cut Act of 2011''.

SEC. 2. TEMPORARY EXTENSION AND EXPANSION OF EMPLOYEE PAYROLL TAX 
              RELIEF.

    (a) Extension.--Section 601(c) of the Tax Relief, Unemployment 
Insurance Reauthorization, and Job Creation Act of 2010 (26 U.S.C. 1401 
note) is amended by striking ``year 2011'' and inserting ``years 2011 
and 2012''.
    (b) Increased Relief.--
            (1) In general.--Subsection (a) of section 601 of the Tax 
        Relief, Unemployment Insurance Reauthorization, and Job 
        Creation Act of 2010 (26 U.S.C. 1401 note) is amended--
                    (A) by inserting ``(9.3 percent for calendar year 
                2012)'' after ``10.40 percent'' in paragraph (1), and
                    (B) in paragraph (2)--
                            (i) by striking ``(including'' and 
                        inserting ``(3.1 percent in the case of 
                        calendar year 2012), including'' after ``4.2 
                        percent'', and
                            (ii) by striking ``Code)'' and inserting 
                        ``Code''.
            (2) Coordination with individual deduction for employment 
        taxes.--Subparagraph (A) of section 601(b)(2) of such Act is 
        amended by inserting ``(66.67 percent for taxable years which 
        begin in 2012)'' after ``59.6 percent''.
    (c) Technical Amendments.--Paragraph (2) of section 601(b) of the 
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation 
Act of 2010 (26 U.S.C. 1401 note) is amended--
            (1) by inserting ``of such Code'' after ``164(f)'',
            (2) by inserting ``of such Code'' after ``1401(a)'' in 
        subparagraph (A), and
            (3) by inserting ``of such Code'' after ``1401(b)'' in 
        subparagraph (B).

SEC. 3. SURTAX ON MILLIONAIRES.

    (a) In General.--Subchapter A of chapter 1 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new part:

                  ``PART VIII--SURTAX ON MILLIONAIRES

``Sec. 59B. Surtax on millionaires.

``SEC. 59B. SURTAX ON MILLIONAIRES.

    ``(a) General Rule.--In the case of a taxpayer other than a 
corporation for any taxable year beginning after 2012 and before 2022, 
there is hereby imposed (in addition to any other tax imposed by this 
subtitle) a tax equal to 1.9 percent of so much of the modified 
adjusted gross income of the taxpayer for such taxable year as exceeds 
the threshold amount.
    ``(b) Threshold Amount.--For purposes of this section--
            ``(1) In general.--The threshold amount is $1,000,000.
            ``(2) Inflation adjustment.--
                    ``(A) In general.--In the case of any taxable year 
                beginning after 2013, the $1,000,000 amount under 
                paragraph (1) shall be increased by an amount equal 
                to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins, 
                        determined by substituting `calendar year 2011' 
                        for `calendar year 1992' in subparagraph (B) 
                        thereof.
                    ``(B) Rounding.--If any amount as adjusted under 
                paragraph (1) is not a multiple of $10,000, such amount 
                shall be rounded to the next highest multiple of 
                $10,000.
            ``(3) Married filing separately.--In the case of a married 
        individual filing separately for any taxable year, the 
        threshold amount shall be one-half of the amount otherwise in 
        effect under this subsection for the taxable year.
    ``(c) Modified Adjusted Gross Income.--For purposes of this 
section, the term `modified adjusted gross income' means adjusted gross 
income reduced by any deduction (not taken into account in determining 
adjusted gross income) allowed for investment interest (as defined in 
section 163(d)). In the case of an estate or trust, adjusted gross 
income shall be determined as provided in section 67(e).
    ``(d) Special Rules.--
            ``(1) Nonresident alien.--In the case of a nonresident 
        alien individual, only amounts taken into account in connection 
        with the tax imposed under section 871(b) shall be taken into 
        account under this section.
            ``(2) Citizens and residents living abroad.--The dollar 
        amount in effect under subsection (a) shall be decreased by the 
        excess of--
                    ``(A) the amounts excluded from the taxpayer's 
                gross income under section 911, over
                    ``(B) the amounts of any deductions or exclusions 
                disallowed under section 911(d)(6) with respect to the 
                amounts described in subparagraph (A).
            ``(3) Charitable trusts.--Subsection (a) shall not apply to 
        a trust all the unexpired interests in which are devoted to one 
        or more of the purposes described in section 170(c)(2)(B).
            ``(4) Not treated as tax imposed by this chapter for 
        certain purposes.--The tax imposed under this section shall not 
        be treated as tax imposed by this chapter for purposes of 
        determining the amount of any credit under this chapter or for 
        purposes of section 55.''.
    (b) Clerical Amendment.--The table of parts for subchapter A of 
chapter 1 of the Internal Revenue Code of 1986 is amended by adding at 
the end the following new item:

                ``part viii. surtax on millionaires.''.

    (c) Section 15 Not to Apply.--The amendment made by subsection (a) 
shall not be treated as a change in a rate of tax for purposes of 
section 15 of the Internal Revenue Code of 1986.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2012.

SEC. 4. UNWARRANTED UNEMPLOYMENT COMPENSATION.

    (a) In General.--Subtitle E of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new chapter:

          ``CHAPTER 56--UNWARRANTED UNEMPLOYMENT COMPENSATION

``Sec. 5895. Unwarranted unemployment compensation.

``SEC. 5895. UNWARRANTED UNEMPLOYMENT COMPENSATION.

    ``(a) Imposition of Tax.--There is hereby imposed on any taxpayer 
with adjusted gross income (as defined in section 62) for any taxable 
year of at least $1,000,000 ($500,000, in the case of a married 
individual filing a separate return), a tax equal to 50 percent (55 
percent in the case of a taxable year beginning in 2011 or 2012) of any 
unemployment compensation (as defined in section 85(b)) received by 
such taxpayer in such taxable year.
    ``(b) Administrative Provisions.--For purposes of the deficiency 
procedures of subtitle F, any tax imposed by this section shall be 
treated as a tax imposed by subtitle A.''.
    (b) Clerical Amendment.--The table of chapters for subtitle E of 
the Internal Revenue Code of 1986 is amended by adding at the end the 
following new item:

         ``Chapter 56--Unwarranted Unemployment Compensation''.

    (c) Tax Not Deductible.--Section 275(a) of the Internal Revenue 
Code of 1986 is amended by inserting after paragraph (6) the following 
new paragraph:
            ``(7) Tax imposed by section 5895.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2010.

SEC. 5. ENDING SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM BENEFITS FOR 
              MILLIONAIRES.

    (a) In General.--Section 6 of the Food and Nutrition Act of 2008 (7 
U.S.C. 2015) is amended by adding at the end the following:
    ``(r) Disqualification for Receipt of Assets of at Least 
$1,000,000.--Any household in which a member receives income or assets 
with a fair market value of at least $1,000,000 shall, immediately on 
the receipt of the assets, become ineligible for further participation 
in the program until the date on which the household meets the income 
eligibility and allowable financial resources standards under section 
5.''.
    (b) Conforming Amendments.--Section 5(a) of the Food and Nutrition 
Act of 2008 (7 U.S.C. 2014(a)) is amended in the second sentence by 
striking ``sections 6(b), 6(d)(2), and 6(g)'' and inserting 
``subsections (b), (d)(2), (g), and (r) of section 6''.

SEC. 6. GUARANTEE FEES.

    Subpart A of part 2 of subtitle A of title XIII of the Housing and 
Community Development Act of 1992 is amended by adding after section 
1326 (12 U.S.C. 4546) the following new section:

``SEC. 1327. ENTERPRISE GUARANTEE FEES.

    ``(a) Definitions.--For purposes of this section, the following 
definitions shall apply:
            ``(1) Guarantee fee.--The term `guarantee fee'--
                    ``(A) means a fee described in subsection (b); and
                    ``(B) includes--
                            ``(i) the guaranty fee charged by the 
                        Federal National Mortgage Association with 
                        respect to mortgage-backed securities; and
                            ``(ii) the management and guarantee fee 
                        charged by the Federal Home Loan Mortgage 
                        Corporation with respect to participation 
                        certificates.
            ``(2) Average fees.--The term `average fees' means the 
        average contractual fee rate of single-family guaranty 
        arrangements by an enterprise entered into during 2011, plus 
        the recognition of any up-front cash payments over an estimated 
        average life, expressed in terms of basis points. Such 
        definition shall be interpreted in a manner consistent with the 
        annual report on guarantee fees by the Federal Housing Finance 
        Agency.
    ``(b) Increase.--
            ``(1) In general.--
                    ``(A) Phased increase required.--Subject to 
                subsection (c), the Director shall require each 
                enterprise to charge a guarantee fee in connection with 
                any guarantee of the timely payment of principal and 
                interest on securities, notes, and other obligations 
                based on or backed by mortgages on residential real 
                properties designed principally for occupancy of from 1 
                to 4 families, consummated after the date of enactment 
                of this section.
                    ``(B) Amount.--The amount of the increase required 
                under this section shall be determined by the Director 
                to appropriately reflect the risk of loss, as well the 
                cost of capital allocated to similar assets held by 
                other fully private regulated financial institutions, 
                but such amount shall be not less than an average 
                increase of 12.5 basis points for each origination year 
                or book year above the average fees imposed in 2011 for 
                such guarantees. The Director shall prohibit an 
                enterprise from offsetting the cost of the fee to 
                mortgage originators, borrowers, and investors by 
                decreasing other charges, fees, or premiums, or in any 
                other manner.
            ``(2) Authority to limit offer of guarantee.--The Director 
        shall prohibit an enterprise from consummating any offer for a 
        guarantee to a lender for mortgage-backed securities, if--
                    ``(A) the guarantee is inconsistent with the 
                requirements of this section; or
                    ``(B) the risk of loss is allowed to increase, 
                through lowering of the underwriting standards or other 
                means, for the primary purpose of meeting the 
                requirements of this section.
            ``(3) Deposit in treasury.--Amounts received from fee 
        increases imposed under this section shall be deposited 
        directly into the United States Treasury, and shall be 
        available only to the extent provided in subsequent 
        appropriations Acts. The fees charged pursuant to this section 
        shall not be considered a reimbursement to the Federal 
        Government for the costs or subsidy provided to an enterprise.
    ``(c) Phase-in.--
            ``(1) In general.--The Director may provide for compliance 
        with subsection (b) by allowing each enterprise to increase the 
        guarantee fee charged by the enterprise gradually over the 2-
        year period beginning on the date of enactment of this section, 
        in a manner sufficient to comply with this section. In 
        determining a schedule for such increases, the Director shall--
                    ``(A) provide for uniform pricing among lenders;
                    ``(B) provide for adjustments in pricing based on 
                risk levels; and
                    ``(C) take into consideration conditions in 
                financial markets.
            ``(2) Rule of construction.--Nothing in this subsection 
        shall be interpreted to undermine the minimum increase required 
        by subsection (b).
    ``(d) Information Collection and Annual Analysis.--The Director 
shall require each enterprise to provide to the Director, as part of 
its annual report submitted to Congress--
            ``(1) a description of--
                    ``(A) changes made to up-front fees and annual fees 
                as part of the guarantee fees negotiated with lenders;
                    ``(B) changes to the riskiness of the new borrowers 
                compared to previous origination years or book years; 
                and
                    ``(C) any adjustments required to improve for 
                future origination years or book years, in order to be 
                in complete compliance with subsection (b); and
            ``(2) an assessment of how the changes in the guarantee 
        fees described in paragraph (1) met the requirements of 
        subsection (b).
    ``(e) Enforcement.--
            ``(1) Required adjustments.--Based on the information from 
        subsection (d) and any other information the Director deems 
        necessary, the Director shall require an enterprise to make 
        adjustments in its guarantee fee in order to be in compliance 
        with subsection (b).
            ``(2) Noncompliance penalty.--An enterprise that has been 
        found to be out of compliance with subsection (b) for any 2 
        consecutive years shall be precluded from providing any 
        guarantee for a period, determined by rule of the Director, but 
        in no case less than 1 year.
            ``(3) Rule of construction.--Nothing in this subsection 
        shall be interpreted as preventing the Director from initiating 
        and implementing an enforcement action against an enterprise, 
        at a time the Director deems necessary, under other existing 
        enforcement authority.
    ``(f) Expiration.--The provisions of this section shall expire on 
October 1, 2021.''.
Example Output:
Middle Class Tax Cut Act of 2011 - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend through 2012 the reduction in employment taxes for employees and the self-employed. Increases such reduction from 2% to 3.1%

Amends the Internal Revenue Code to impose on individual taxpayers between 2012 and 2022 an additional tax equal to 1.9% of so much of their modified adjusted gross income in excess of $1 million. Provides for an inflation adjustment to the $1 million threshold amount for taxable years beginning after 2013. Defines "modified adjusted gross income" as adjusted gross income reduced by any deduction allowed for investment interest.

Imposes a 50% tax (55% for a taxable year beginning in 2011 or 2012) on any unemployment compensation received by a taxpayer with an adjusted gross income of at least $1 million. Denies a tax deduction for the payment of such tax.

Amends the Food and Nutrition Act of 2008 to render ineligible for the supplemental nutrition assistance program (SNAP), formerly food stamps, any household in which a member receives income or assets with a fair market value of at least $1 million.

Amends the Housing and Community Development Act of 1992 to require until October 1, 2021, a phased increase in the fees charged to mortgage lenders by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to guarantee payment of new mortgage loans.