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 ``Depository Institution Community 
Development Investments Enhancement Act''.

SEC. 2. TECHNICAL CORRECTIONS.

    (a) National Banks.--The first sentence of the paragraph designated 
as the ``Eleventh'' of section 5136 of the Revised Statutes of the 
United States (12 U.S.C. 24) (as amended by section 305(a) of the 
Financial Services Regulatory Relief Act of 2006) is amended by 
striking ``promotes the public welfare by benefitting primarily'' and 
inserting ``is designed primarily to promote the public welfare, 
including the welfare of''.
    (b) State Member Banks.--The first sentence of the 23rd paragraph 
of section 9 of the Federal Reserve Act (12 U.S.C. 338a) is amended by 
striking ``promotes the public welfare by benefiting primarily'' and 
inserting ``is designed primarily to promote the public welfare, 
including the welfare of''.

SEC. 3. INVESTMENTS BY FEDERAL SAVINGS ASSOCIATIONS AUTHORIZED TO 
              PROMOTE THE PUBLIC WELFARE.

    Section 5(c) of the Home Owners' Loan Act (12 U.S.C. 1464) is 
amended--
            (1) in paragraph (3)--
                    (A) by striking subparagraph (A); and
                    (B) by redesignating subparagraphs (B) and (C), as 
                subparagraphs (A) and (B), respectively; and
            (2) in paragraph (4), by adding at the end the following 
        new subparagraph:
                    ``(G) Direct investments to promote the public 
                welfare.--
                            ``(i) In general.--A Federal savings 
                        association may make investments, directly or 
                        indirectly, each of which is designed primarily 
                        to promote the public welfare, including the 
                        welfare of low- and moderate-income communities 
                        or families through the provision of housing, 
                        services, and jobs.
                            ``(ii) Direct investments or acquisition of 
                        interest in other companies.--Investments under 
                        clause (i) may be made directly or by 
                        purchasing interests in an entity primarily 
                        engaged in making such investments.
                            ``(iii) Prohibition on unlimited 
                        liability.--No investment may be made under 
                        this subparagraph which would subject a Federal 
                        savings association to unlimited liability to 
                        any person.
                            ``(iv) Single investment limitation to be 
                        established by director.--Subject to clauses 
                        (v) and (vi), the Director shall establish, by 
                        order or regulation, limits on--
                                    ``(I) the amount that any savings 
                                association may invest in any 1 
                                project; and
                                    ``(II) the aggregate amount of 
                                investment of any savings association 
                                under this subparagraph.
                            ``(v) Flexible aggregate investment 
                        limitation.--The aggregate amount of 
                        investments of any savings association under 
                        this subparagraph may not exceed an amount 
                        equal to the sum of 5 percent of the capital 
                        stock of the savings association actually paid 
                        in and unimpaired and 5 percent of the 
                        unimpaired surplus of the savings association, 
                        unless--
                                    ``(I) the Director determines that 
                                the savings association is adequately 
                                capitalized; and
                                    ``(II) the Director determines, by 
                                order, that the aggregate amount of 
                                investments in a higher amount than the 
                                limit under this clause would pose no 
                                significant risk to the affected 
                                Deposit Insurance Fund.
                            ``(vi) Maximum aggregate investment 
                        limitation.--Notwithstanding clause (v), the 
                        aggregate amount of investments of any savings 
                        association under this subparagraph may not 
                        exceed an amount equal to the sum of 15 percent 
                        of the capital stock of the savings association 
                        actually paid in and unimpaired and 15 percent 
                        of the unimpaired surplus of the savings 
                        association.
                            ``(vii) Investments not subject to other 
                        limitation on quality of investments.--No 
                        obligation that a Federal savings association 
                        acquires or retains under this subparagraph 
                        shall be taken into account for purposes of the 
                        limitation contained in section 28(d) of the 
                        Federal Deposit Insurance Act on the 
                        acquisition and retention of any corporate debt 
                        security not of investment grade.
                            ``(viii) Applicability of standards to each 
                        investment.--The standards and limitations of 
                        this subparagraph shall apply to each 
                        investment under this subparagraph made by a 
                        savings association directly and by its 
                        subsidiaries.''.

Ex Output:
Depository Institution Community Development Investments Enhancement Act - Amends the Home Owners' Loan Act to revise requirements for community development investments by federal savings associations.

Authorizes a federal savings association to make investments, directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments).

Permits such investments to be made directly or by purchase of interests in an entity primarily engaged in making such investments.

Prohibits a federal savings association from making an investment which would subject it to unlimited liability to any person.

Requires the Director of the Office of Thrift Supervision to establish: (1) the amount any savings association may invest in any one project; and (2) the aggregate amount of investment of any savings association.

Restricts the aggregate amount of investment of any savings association, subject to specified determinations made by the Director.

Prohibits the maximum aggregate amount of investments of any savings association from exceeding the same 15% of its capital stock actually paid in and unimpaired and 15% of its unimpaired surplus as imposed by this Act on national banking associations and state member banks.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Workforce Reduction Act of 
2010''.

SEC. 2. REDUCING THE NUMBER OF FEDERAL EMPLOYEES.

    Section 3101 of title 5, United States Code, is amended--
            (1) by striking ``Each Executive agency'' and inserting 
        ``(a) In General.--Subject to subsection (b), each Executive 
        agency''; and
            (2) by adding at the end the following new subsection:
    ``(b) Reduction in Number of Employees.--
            ``(1) Hiring freeze.--Except as provided in paragraph (2), 
        during fiscal year 2011 and each succeeding fiscal year for 
        which the Director of the Office of Management and Budget (in 
        such manner as the Director determines to be appropriate) 
        projects a Federal budget deficit, the head of an Executive 
        agency may not appoint any individual to a position in the 
        agency.
            ``(2) Permitting appointments from federal workforce hiring 
        pool.--
                    ``(A) Establishment of pool.--The President shall 
                establish a Federal workforce hiring pool consisting of 
                positions which may be allocated among all Executive 
                agencies.
                    ``(B) Procedures.--The head of an Executive agency 
                may appoint an individual to a position in the agency 
                if--
                            ``(i) there is a position available in the 
                        Federal workforce hiring pool;
                            ``(ii) the head of the Executive agency 
                        submits a request to the President for the 
                        allocation of a position in the Federal 
                        workforce hiring pool to the agency for 
                        purposes of making an appointment; and
                            ``(iii) the President approves the request.
                    ``(C) Process and criteria for approving 
                requests.--The President shall promulgate regulations--
                            ``(i) setting forth the process by which 
                        the head of an Executive agency may make a 
                        request under this subsection; and
                            ``(ii) setting forth the criteria by which 
                        the President shall determine on a competitive 
                        basis whether to approve a request by the head 
                        of an Executive agency under this subsection.
                    ``(D) Number of positions in pool.--
                            ``(i) Initial number.--As of the first day 
                        of fiscal year 2011, the number of positions in 
                        the Federal workforce hiring pool shall equal 
                        zero.
                            ``(ii) Changes to initial number.--After 
                        the first day of fiscal year 2011, the number 
                        of positions in the Federal workforce hiring 
                        pool--
                                    ``(I) shall increase by .50 for 
                                each full-time-equivalent position in 
                                any Executive agency which subsequently 
                                becomes vacant; and
                                    ``(II) shall decrease by 1.0 for 
                                each request for a full-time equivalent 
                                position which is approved by the 
                                President under this subsection.
            ``(3) Waiver in case of emergency or need to protect 
        national security.--The President may waive this subsection 
        with respect to the hiring of an employee for a position upon a 
        determination by the President that--
                    ``(A) the existence of a state of war or other 
                national security concern so requires; or
                    ``(B) the existence of an extraordinary emergency 
                threatening life, health, safety, or property so 
                requires.
            ``(4) Action through opm.--The President shall carry out 
        this subsection through the Director of the Office of Personnel 
        Management, who shall consult with the Director of the Office 
        of Management and Budget.
            ``(5) Reports to congress.--
                    ``(A) In general.--Not later than 90 days after the 
                end of each quarter of a fiscal year, the President 
                shall provide Congress with a report containing a list 
                of each appointment approved by the President under 
                this subsection during the quarter, broken down by 
                executive agency.
                    ``(B) Information included.--The list contained in 
                a report provided to Congress under subparagraph (A) 
                shall include a description of the position associated 
                with each approved appointment, but shall not provide 
                any information that may be used to identify the 
                individual appointed to the position.
                    ``(C) Public dissemination.--The President shall 
                make each report provided to Congress under 
                subparagraph (A) available to the public by posting the 
                report on the official public website of the Executive 
                Office of the President in a searchable, sortable, and 
                downloadable manner.
            ``(6) Exclusion of certain executive agencies.--This 
        subsection does not apply to--
                    ``(A) the Department of Defense;
                    ``(B) the Department of Homeland Security; or
                    ``(C) the Department of Veterans' Affairs.''.

Ex Output:
Federal Workforce Reduction Act of 2010 - Prohibits the head of an executive agency from appointing any individual to a position in the agency in any fiscal year for which the Director of the Office of Management and Budget (OMB) projects a federal budget deficit. Makes an exception if: (1) there is a position available in the federal workforce hiring pool (to be established by the President); and (2) the President approves an agency head's request for the allocation of a position in the pool to the agency.

Sets the number of positions in the hiring pool at zero as of the first day of FY2011, after which the number shall: (1) increase by .50 for each full time-equivalent position in any agency which subsequently becomes vacant; and (2) decrease by 1.0 for each request for a full time-equivalent position that is approved by the President. Authorizes the President to waive this limitation upon determining that such waiver is required by the existence of a state of war, other national security concern, or an extraordinary emergency threatening life, health, safety, or property.

 Exempts the Department of Defense (DOD), the Department of Homeland Security (DHS), and the Department of Veterans Affairs (VA).


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ethanol Reform and Deficit Reduction 
Act''.

SEC. 2. VARIABLE VEETC RATE BASED ON PRICE OF CRUDE OIL.

    (a) Excise Tax Credit.--
            (1) In general.--Subparagraph (A) of section 6426(b)(2) of 
        the Internal Revenue Code of 1986 is amended--
                    (A) by striking ``and'' at the end of clause (i),
                    (B) by striking ``calendar years beginning after 
                2008, 45 cents.'' in clause (ii) and inserting 
                ``calendar quarters beginning after 2008 and before 
                July 1, 2011, 45 cents, and'', and
                    (C) by adding at the end the following new clause:
                            ``(iii) in the case of calendar quarters 
                        beginning after June 30, 2011, the applicable 
                        rate determined in accordance with the 
                        following table:

``If the average price of crude oil            The applicable rate for 

 during the preceding calendar                 the calendar quarter is:
        quarter is:
        Not more than $50/barrel...........................   30 cents 
        More than $50 but not more than $60/barrel.........   24 cents 
        More than $60 but not more than $70/barrel.........   18 cents 
        More than $70 but not more than $80/barrel.........   12 cents 
        More than $80 but not more than $90/barrel.........    6 cents 
        More than $90/barrel...............................    0 cents.
                        For purposes of the preceding table, the 
                        average price of crude oil for any calendar 
                        quarter shall be the average 3-month futures 
                        price on the New York Mercantile Exchange for 
                        light sweet crude oil for such calendar 
                        quarter. Each applicable rate under the 
                        preceding table shall be reduced by 2 cents for 
                        each calendar year beginning after 2011.''.
            (2) Extension of tax credit or payment.--Sections 
        6426(b)(6) and 6427(e)(6)(A) of such Code are each amended by 
        striking ``2011'' and inserting ``2014''.
    (b) Income Tax Credit.--
            (1) In general.--The table contained in section 40(h)(2) of 
        the Internal Revenue Code of 1986 is amended--
                    (A) by striking ``calendar year'' in the heading 
                for the first column,
                    (B) by inserting ``Calendar year'' before ``2001'',
                    (C) by inserting ``Calendar year'' before ``2003'',
                    (D) by inserting ``Calendar year'' before ``2005'',
                    (E) by inserting ``Calendar years'' before 
                ``2009'',
                    (F) by striking ``2011'' and inserting ``the last 
                calendar quarter beginning before July 1, 2011'',
                    (G) by striking the period at the end of the table, 
                and
                    (H) by adding at the end the following:

 
``Any calendar quarter beginning after              1st   2d applicable rate.''.
 June 30, 2011, and before 2015.             applicable
                                                   rate
 

            (2) Applicable rates.--Paragraph (3) of section 40(h) of 
        such Code is amended to read as follows:
            ``(3) Applicable rates.--For purposes of this subsection, 
        the 1st applicable rate and the 2d applicable rate shall be 
        determined in accordance with the following table:


----------------------------------------------------------------------------------------------------------------
                                                  The 1st
 ``If the average price of crude oil during   applicable rate    The 2d applicable rate for the calendar quarter
     the preceding calendar quarter is:       for the calendar                         is:
                                                quarter is:
----------------------------------------------------------------------------------------------------------------
Not more than $50/barrel...................           30 cents  22.20 cents
More than $50 but not more than $60/barrel.           24 cents  17.76 cents
More than $60 but not more than $70/barrel.           18 cents  13.33 cents
More than $70 but not more than $80/barrel.           12 cents  8.88 cents
More than $80 but not more than $90/barrel.            6 cents  4.44 cents
More than $90/barrel.......................            0 cents  0 cents.
----------------------------------------------------------------------------------------------------------------

        For purposes of the preceding table, the average price of crude 
        oil for any calendar quarter shall be the average 3-month 
        futures price on the New York Mercantile Exchange for light 
        sweet crude oil for such calendar quarter. Each 1st applicable 
        rate under the preceding table shall be reduced by 2 cents for 
        each calendar year beginning after 2011 and each 2d applicable 
        rate under such table shall be reduced by 1.48 cents for each 
        such year.''.
            (3) Extension of tax credit.--Section 40 of such Code is 
        amended--
                    (A) by striking ``2011'' in subsection (e)(1)(A) 
                and inserting ``2014'',
                    (B) by striking ``2012'' in subsection (e)(1)(B) 
                and inserting ``2015'', and
                    (C) by striking ``2011'' in subsection (h)(1) and 
                inserting ``2014''.
    (c) Repeal of Deadwood.--Section 6426(b)(2) of the Internal Revenue 
Code of 1986 is amended by striking subparagraph (C).
    (d) Effective Date.--The amendments made by this section shall 
apply to any sale, use, or removal for any period after June 30, 2011.

SEC. 3. EXTENSION AND MODIFICATION OF ALTERNATIVE FUEL VEHICLE 
              REFUELING PROPERTY CREDIT.

    (a) Extension.--Subsection (g) of section 30C of the Internal 
Revenue Code of 1986 is amended by striking ``placed in service--'' and 
all that follows and inserting ``placed in service after the earlier of 
December 31, 2016, or the date on which the Secretary certifies that at 
least 53,000 qualified alternative fuel refueling properties (other 
than properties described in subsection (c)(2)(C)) have been placed in 
service.''.
    (b) Only Certain Ethanol Blends Eligible for Credit.--Subparagraph 
(A) of section 30C(c)(2) of the Internal Revenue Code of 1986 is 
amended to read as follows:
                    ``(A) Any fuel--
                            ``(i) at least 85 percent of the volume of 
                        which consists of one or more of the following: 
                        natural gas, compressed natural gas, liquified 
                        natural gas, liquefied petroleum gas, or 
                        hydrogen, or
                            ``(ii) at least 85 percent of the volume of 
                        which consists of--
                                    ``(I) ethanol, or
                                    ``(II) ethanol and gasoline or one 
                                or more of the fuels described in 
                                clause (i), but only if at least 15 
                                percent and not more than 85 percent of 
                                the volume of such fuel consists of 
                                ethanol.''.
    (c) Credit for Dual-Use Refueling Property.--Subsection (e) of 
section 30C of the Internal Revenue Code of 1986 is amended by adding 
at the end the following new paragraph:
            ``(6) Dual-use refueling property.--
                    ``(A) In general.--In the case of any dual-use 
                refueling property, 100 percent of the cost of such 
                property shall be treated as qualified alternative fuel 
                refueling property if the taxpayer certifies, in such 
                time and manner as the Secretary shall prescribe, that 
                such property will be used in more than a de minimis 
                capacity for the purposes described in section 
                179A(d)(3)(A) (applied as specified in subsection 
                (c)(2)).
                    ``(B) Recapture.--If at any time within 5 years 
                after the date of the certification under subparagraph 
                (A) the dual-use refueling property ceases to be used 
                as required under such subparagraph, 100 percent of the 
                cost of such property shall be subject to recapture 
                under paragraph (5).
                    ``(C) Dual-use refueling property.--For purposes of 
                this paragraph, the term `dual-use refueling property' 
                means property that is both qualified alternative fuel 
                vehicle refueling property and property used--
                            ``(i) to store or dispense fuels not 
                        described in subsection (c)(2), or
                            ``(ii) to store fuels described in 
                        subsection (c)(2) for any purpose other than 
                        delivery of such fuel into the fuel tank of a 
                        motor vehicle.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after June 30, 2011.

SEC. 4. EXTENSION OF CELLULOSIC BIOFUEL PRODUCER CREDIT THROUGH 2014.

    (a) In General.--Section 40(b)(6) of the Internal Revenue Code of 
1986 is amended by striking subparagraph (H).
    (b) Conforming Amendment.--Section 40(e) of the Internal Revenue 
Code of 1986 is amended by striking paragraph (3).

SEC. 5. EXTENSION OF SPECIAL DEPRECIATION ALLOWANCE FOR CELLULOSIC 
              BIOFUEL PLANT PROPERTY.

    Subparagraph (D) of section 168(l)(2) of the Internal Revenue Code 
of 1986 is amended by striking ``January 1, 2013'' and inserting 
``January 1, 2015''.

SEC. 6. ALGAE TREATED AS A QUALIFIED FEEDSTOCK FOR PURPOSES OF THE 
              CELLULOSIC BIOFUEL PRODUCER CREDIT, ETC.

    (a) In General.--Subclause (I) of section 40(b)(6)(E)(i) of the 
Internal Revenue Code of 1986 is amended to read as follows:
                                    ``(I) is derived solely by, or 
                                from, qualified feedstocks, and''.
    (b) Qualified Feedstock; Special Rules for Algae.--Paragraph (6) of 
section 40(b) of the Internal Revenue Code of 1986, as amended by this 
Act, is amended by redesignating subparagraphs (F) and (G) as 
subparagraphs (H) and (I), respectively, and by inserting after 
subparagraph (E) the following new subparagraphs:
                    ``(F) Qualified feedstock.--For purposes of this 
                paragraph, the term `qualified feedstock' means--
                            ``(i) any lignocellulosic or hemicellulosic 
                        matter that is available on a renewable or 
                        recurring basis, and
                            ``(ii) any cultivated algae, cyanobacteria, 
                        or lemna.
                    ``(G) Special rules for algae.--In the case of fuel 
                which is derived by, or from, feedstock described in 
                subparagraph (F)(ii) and which is sold by the taxpayer 
                to another person for refining by such other person 
                into a fuel which meets the requirements of 
                subparagraph (E)(i)(II)--
                            ``(i) such sale shall be treated as 
                        described in subparagraph (C)(i),
                            ``(ii) such fuel shall be treated as 
                        meeting the requirements of subparagraph 
                        (E)(i)(II) in the hands of such taxpayer, and
                            ``(iii) except as provided in this 
                        subparagraph, such fuel (and any fuel derived 
                        from such fuel) shall not be taken into account 
                        under subparagraph (C) with respect to the 
                        taxpayer or any other person.''.
    (c) Algae Treated as a Qualified Feedstock for Purposes of Bonus 
Depreciation for Biofuel Plant Property.--
            (1) In general.--Subparagraph (A) of section 168(l)(2) of 
        the Internal Revenue Code of 1986 is amended by striking 
        ``solely to produce cellulosic biofuel'' and inserting ``solely 
        to produce second generation biofuel (as defined in section 
        40(b)(6)(E))''.
            (2) Conforming amendments.--Subsection (l) of section 168 
        of such Code, as amended by this Act, is amended--
                    (A) by striking ``cellulosic biofuel'' each place 
                it appears in the text thereof and inserting ``second 
                generation biofuel'',
                    (B) by striking paragraph (3) and redesignating 
                paragraphs (4) through (8) as paragraphs (3) through 
                (7), respectively,
                    (C) by striking ``Cellulosic'' in the heading of 
                such subsection and inserting ``Second Generation'', 
                and
                    (D) by striking ``cellulosic'' in the heading of 
                paragraph (2) and inserting ``second generation''.
    (d) Conforming Amendments.--
            (1) Section 40 of the Internal Revenue Code of 1986, as 
        amended by this Act, is amended--
                    (A) by striking ``cellulosic biofuel'' each place 
                it appears in the text thereof and inserting ``second 
                generation biofuel'',
                    (B) by striking ``Cellulosic'' in the headings of 
                subsections (b)(6), (b)(6)(E), and (d)(3)(D) and 
                inserting ``Second generation'', and
                    (C) by striking ``cellulosic'' in the headings of 
                subsections (b)(6)(C), (b)(6)(D), (b)(6)(H), (d)(6), 
                and (e)(3) and inserting ``second generation''.
            (2) Clause (ii) of section 40(b)(6)(E) of such Code is 
        amended by striking ``Such term shall not'' and inserting ``The 
        term `second generation biofuel' shall not''.
            (3) Paragraph (1) of section 4101(a) of such Code is 
        amended by striking ``cellulosic biofuel'' and inserting 
        ``second generation biofuel''.
    (e) Effective Date.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall apply to fuels sold or 
        used after the date of the enactment of this Act.
            (2) Application to bonus depreciation.--The amendments made 
        by subsection (c) shall apply to property placed in service 
        after the date of the enactment of this Act.

SEC. 7. BUDGETARY EFFECTS.

    (a) PAYGO Scorecard.--The budgetary effects of this Act shall not 
be entered on either PAYGO scorecard maintained pursuant to section 
4(d) of the Statutory Pay-As-You-Go Act of 2010.
    (b) Senate PAYGO Scorecard.--The budgetary effects of this Act 
shall not be recorded on any PAYGO scorecard maintained for purposes of 
section 201 of S. Con. Res. 21 (110th Congress).

Ex Output:

Ethanol Reform and Deficit Reduction Act - Amends the Internal Revenue Code to: (1) link the amount of  the volumetric ethanol excise tax credit (VEETC) for calendar quarters beginning after June 30, 2011, to the average price of crude oil in a calendar quarter, (2) modify the rates of the income tax credit for alcohol used as fuel and extend such credit through 2014, (3) extend the alternative fuel refueling property tax credit and the special depreciation allowance for cellulosic biofuel plant property, and (4) make permanent the cellulosic biofuel producer tax credit.

Modifies the definition of "cellulosic biofuel" for purposes of the cellulosic biofuel producer tax credit and the special depreciation allowance to mean any liquid fuel that is derived solely by or from qualified feedstocks. Defines "qualified feedstocks" as any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and any cultivated algae, cyanobacteria, or lemna.