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 ``Review EPA's Language on Agriculture 
and Thoroughly Engage with the Farm Act of 2013'' or the ``RELATE with 
the Farm Act of 2013''.

SEC. 2. REGULATORY REVIEW BY THE SECRETARY OF AGRICULTURE.

    (a) Review of Regulatory Agenda.--The Secretary of Agriculture 
shall review publications that may give notice that the Environmental 
Protection Agency is preparing or plans to prepare any guidance, 
policy, memorandum, regulation, or statement of general applicability 
and future effect that may have a significant impact on a substantial 
number of agricultural entities, including--
            (1) any regulatory agenda of the Environmental Protection 
        Agency published pursuant to section 602 of title 5, United 
        States Code;
            (2) any regulatory plan or agenda published by the 
        Environmental Protection Agency or the Office of Management and 
        Budget pursuant to an Executive order, including Executive 
        Order 12866; and
            (3) any other publication issued by the Environmental 
        Protection Agency or the Office of Management and Budget that 
        may reasonably be foreseen to contain notice of plans by the 
        Environmental Protection Agency to prepare any guidance, 
        policy, memorandum, regulation, or statement of general 
        applicability and future effect that may have a significant 
        impact on a substantial number of agricultural entities.
    (b) Information Gathering.--For a publication item reviewed under 
subsection (a) that the Secretary determines may have a significant 
impact on a substantial number of agricultural entities, the Secretary 
shall--
            (1) solicit from the Administrator of the Environmental 
        Protection Agency any information the Administrator may provide 
        to facilitate a review of the publication item;
            (2) utilize the Chief Economist of the Department of 
        Agriculture to produce an economic impact statement for the 
        publication item that contains a detailed estimate of potential 
        costs to agricultural entities;
            (3) identify individuals representative of potentially 
        affected agricultural entities for the purpose of obtaining 
        advice and recommendations from such individuals about the 
        potential impacts of the publication item; and
            (4) convene a review panel for analysis of the publication 
        item that includes the Secretary, any full-time Federal 
        employee of the Department of Agriculture appointed to the 
        panel by the Secretary, and any employee of the Environmental 
        Protection Agency or the Office of Information and Regulatory 
        Affairs within the Office of Management and Budget that accepts 
        an invitation from the Secretary to participate in the panel.
    (c) Duties of the Review Panel.--A review panel convened for a 
publication item under subsection (b)(4) shall--
            (1) review any information or material obtained by the 
        Secretary and prepared in connection with the publication item, 
        including any draft proposed guidance, policy, memorandum, 
        regulation, or statement of general applicability and future 
        effect;
            (2) collect advice and recommendations from agricultural 
        entity representatives identified by the Administrator after 
        consultation with the Secretary;
            (3) compile and analyze such advice and recommendations; 
        and
            (4) make recommendations to the Secretary based on the 
        information gathered by the review panel or provided by 
        agricultural entity representatives.
    (d) Comments.--
            (1) In general.--Not later than 60 days after the date the 
        Secretary convenes a review panel pursuant to subsection 
        (b)(4), the Secretary shall submit to the Administrator 
        comments on the planned or proposed guidance, policy, 
        memorandum, regulation, or statement of general applicability 
        and future effect for consideration and inclusion in any 
        related administrative record, including--
                    (A) a report by the Secretary on the concerns of 
                agricultural entities;
                    (B) the findings of the review panel;
                    (C) the findings of the Secretary, including any 
                adopted findings of the review panel; and
                    (D) recommendations of the Secretary.
            (2) Publication.--The Secretary shall publish the comments 
        in the Federal Register and make the comments available to the 
        public on the public Internet website of the Department of 
        Agriculture.
    (e) Waivers.--The Secretary may waive initiation of the review 
panel under subsection (b)(4) as the Secretary determines appropriate.
    (f) Definition of Agricultural Entity.--In this section, the term 
``agricultural entity'' means any entity involved in or related to 
agricultural enterprise, including enterprises that are engaged in the 
business of production of food and fiber, ranching and raising of 
livestock, aquaculture, and all other farming and agricultural related 
industries.
Example Output: Review EPA's Language on Agriculture and Thoroughly Engage with the Farm Act of 2013 or the RELATE with the Farm Act of 2013 - Directs the Secretary of Agriculture (USDA) to review publications that may give notice that the Environmental Protection Agency (EPA) is preparing or plans to prepare any guidance, policy, memorandum, regulation, or statement of general applicability and future effect that may have a significant impact on a substantial number of agricultural entities. Requires the Secretary, for each publication item determined to have a possible significant impact, to: (1) solicit from the EPA Administrator information to facilitate a review of the item, (2) produce an economic impact statement, (3) identify representatives of potentially affected agricultural entities to obtain advice and recommendations about the potential impacts of the item, and (4) convene a review panel that includes the Secretary to analyze the publication item. Provides procedures for submission by the Secretary of comments to the Administrator for inclusion in the administrative record and for waiver of a panel's initiation.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Municipal Bond Market Support Act of 
2008''.

SEC. 2. MODIFICATION OF SMALL ISSUER EXCEPTION TO TAX-EXEMPT INTEREST 
              EXPENSE ALLOCATION RULES FOR FINANCIAL INSTITUTIONS.

    (a) Increase in Limitation.--Subparagraphs (C)(i), (D)(i), and 
(D)(iii)(II) of section 265(b)(3) of the Internal Revenue Code of 1986 
are each amended by striking ``$10,000,000'' and inserting 
``$30,000,000''.
    (b) Repeal of Aggregation Rules Applicable to Small Issuer 
Determination.--Paragraph (3) of section 265(b) of such Code is amended 
by striking subparagraphs (E) and (F).
    (c) Election To Apply Limitation at Borrower Level.--Paragraph (3) 
of section 265(b) of such Code, as amended by subsection (b), is 
amended by adding at the end the following new subparagraph:
                    ``(E) Election to apply limitation on amount of 
                obligations at borrower level.--
                            ``(i) In general.--An issuer, the proceeds 
                        of the obligations of which are to be used to 
                        make or finance eligible loans, may elect to 
                        apply subparagraphs (C) and (D) by treating 
                        each borrower as the issuer of a separate 
                        issue.
                            ``(ii) Eligible loan.--For purposes of this 
                        subparagraph--
                                    ``(I) In general.--The term 
                                `eligible loan' means one or more loans 
                                to a qualified borrower the proceeds of 
                                which are used by the borrower and the 
                                outstanding balance of which in the 
                                aggregate does not exceed $30,000,000.
                                    ``(II) Qualified borrower.--The 
                                term `qualified borrower' means a 
                                borrower which is an organization 
                                described in section 501(c)(3) and 
                                exempt from taxation under section 
                                501(a) or a State or political 
                                subdivision thereof.
                            ``(iii) Manner of election.--The election 
                        described in clause (i) may be made by an 
                        issuer for any calendar year at any time prior 
                        to its first issuance during such year of 
                        obligations the proceeds of which will be used 
                        to make or finance one or more eligible 
                        loans.''.
    (d) Inflation Adjustment.--Paragraph (3) of section 265(b) of such 
Code, as amended by subsections (b) and (c), is amended by adding at 
the end the following new subparagraph:
                    ``(F) Inflation adjustment.--In the case of any 
                calendar year after 2009, the $30,000,000 amounts 
                contained in subparagraphs (C)(i), (D)(i), 
                (D)(iii)(II), and (E)(ii)(I) shall each 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 such 
                        calendar year, determined by substituting 
                        `calendar year 2008' `for calendar year 1992' 
                        in subparagraph (B) thereof.
                Any increase determined under the preceding sentence 
                shall be rounded to the nearest multiple of 
                $100,000.''.
    (e) Effective Date.--The amendments made by this section shall 
apply to obligations issued after December 31, 2008.

SEC. 3. DE MINIMIS SAFE HARBOR EXCEPTION FOR TAX-EXEMPT INTEREST 
              EXPENSE OF FINANCIAL INSTITUTIONS AND BROKERS.

    (a) Financial Institutions.--Subsection (b) of section 265 of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new paragraph:
            ``(7) De minimis exception.--Paragraph (1) shall not apply 
        to any financial institution if the portion of the taxpayer's 
        holdings of tax-exempt securities is less than 2 percent of the 
        taxpayer's assets.''.
    (b) Brokers.--Subsection (a) of section 265 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(7) De minimis exception.--Paragraph (2) shall not apply 
        to any broker (as defined in section 6045(c)(1)) if the portion 
        of the taxpayer's holdings of tax-exempt securities is less 
        than 2 percent of the taxpayer's assets.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
Example Output: Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Henry J. Hyde Scholarships for Haiti 
Act of 2006''.

SEC. 2. STATEMENT OF PURPOSE.

    The purpose of this Act is to establish an undergraduate 
scholarship program which is designed to bring talented students of 
limited financial means from Haiti to the United States for study at 
United States institutions of higher education to--
            (1) improve the diversity and quality of educational 
        opportunities for such students;
            (2) assist the development efforts of Haiti by providing 
        training and educational assistance to persons who can help 
        address the social and economic needs of Haiti;
            (3) build a well-educated middle-class in Haiti which is 
        capable and willing to provide leadership in the public and 
        private sectors to help sustain the political and economic 
        progress that is sorely needed to confront the daunting 
        challenges of that country; and
            (4) promote positive and productive relationships between 
        the United States and Haiti.

SEC. 3. FINDINGS.

    Congress finds the following:
            (1) It is in the national interest of the United States to 
        provide a stable source of financial support to give talented 
        students in Haiti the opportunity to study in the United States 
        in order to improve the range and quality of educational 
        alternatives for these students, further the development of 
        Haiti, and build enduring relationships between the people of 
        the United States and the people of Haiti.
            (2) Providing scholarship to foreign students to study in 
        the United States has proven to be an effective means of 
        creating strong bonds between the United States and the future 
        leadership of developing countries and assisting those 
        countries to substantially further their development 
        objectives.
            (3) Talented students from families of limited financial 
        means in Haiti traditionally have few, if any, opportunities to 
        continue their education in their own country and are less 
        likely to pursue higher education in the United States.
            (4) In 2003, 76 percent of the population in Haiti earned 
        less than the equivalent of $2.00 per day, and 56 percent of 
        the population in the country in the same year earned less than 
        the equivalent of $1.00 per day.
            (5) In 2003, the literacy rate of individuals in Haiti who 
        are older than 15 years of age was less than 52 percent. The 
        net primary school enrollment rate was 68 percent, as compared 
        to the average of approximately 78 percent for other low income 
        countries, such as Afghanistan and Guinea-Bissau.
            (6) Women in Haiti are more likely to be adversely affected 
        by the dire economic and social conditions in Haiti.

SEC. 4. AUTHORIZATION OF ASSISTANCE.

    (a) In General.--The President, acting through the Administrator of 
the United States Agency for International Development, shall provide 
scholarships (including partial assistance) for undergraduate study at 
United States institutions of higher education (as such term is defined 
in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001)) by 
citizens and nationals of Haiti who have completed their secondary 
education with distinction and who would not otherwise have the 
opportunity to study in the United States due to financial constraints.
    (b) Form of Scholarship; Forgiveness of Loan Repayment.--To 
encourage Haitian students to use their training and education for the 
benefit of Haiti, each scholarship that is extended under this Act 
shall be in the form of a loan. All repayment of the loan (including 
principal and accrued interest) shall be forgiven upon the scholarship 
recipient's prompt return to Haiti for a period which is at least one 
year longer than the period spent studying in the United States under 
the scholarship.
    (c) Guidelines.--The scholarship program under this Act shall be 
carried out in accordance with the pertinent guidelines of section 604 
of the Foreign Relations Authorization Act, Fiscal Years 1986 and 1987 
(22 U.S.C. 4704; Public Law 99-93; relating to guidelines for United 
States scholarship program for developing countries).

SEC. 5. SENSE OF CONGRESS REGARDING THE PEACE CORPS.

    It is the sense of Congress that the President, acting through the 
Director of the Peace Corps, should, as soon as practicable, make 
available again to the Government of Haiti qualified Peace Corps 
volunteers who would serve under hardship conditions to--
            (1) assist the people of Haiti to improve literacy rates 
        and meet other basic needs so that they can become economically 
        self-sufficient; and
            (2) promote mutual understanding between the people of the 
        United States and the people of Haiti.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

    (a) In General.--There are authorized to be appropriated $2,500,000 
for each of fiscal years 2007, 2008, and 2009, for the President, 
acting through the Administrator for the United States Agency for 
International Development, to carry out this Act.
    (b) Additional Authorities.--Amounts appropriated pursuant to the 
authorization of appropriations under subsection (a) are--
            (1) authorized to remain available until expended; and
            (2) shall be in addition to funds otherwise available for 
        such purposes.
    (c) Literacy and Other Basic Education Programs.--Of the amounts 
authorized to be appropriated to carry out chapter 1 of part I of the 
Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.; relating to 
development assistance) for each of fiscal years 2007, 2008, and 2009, 
and which are not allocated for assistance for countries in Latin 
America and the Caribbean, not less than $3,000,000 for each such 
fiscal year is authorized to be made available for assistance for 
literacy and other basic education programs in Haiti.

SEC. 7. GENERAL AUTHORITIES.

    (a) Public and Private Sector Contributions.--The public and 
private sectors, particularly the Haitian-American community, in the 
United States and in Haiti shall be encouraged to contribute to the 
costs of the scholarship program financed under this Act. To this end, 
the President, acting through the Administrator for the United Sates 
Agency for International Development, is strongly encouraged to design 
a matching program in which contributions made by the public and 
private sectors of either country are matched by amounts authorized 
under this Act. Not more than twenty-five percent of the amounts 
authorized to be appropriated under this Act may be dedicated to such a 
matching program.
    (b) Utilization of Returning Scholarship Recipients.--The 
President, acting through the Administrator for the United States 
Agency for International Development, shall seek to engage the private 
sector of Haiti and international private enterprises that are 
conducting business in Haiti to maximize the opportunities for 
productive contributions to the development of Haiti by returning 
scholarship recipients.
    (c) Delivery of Assistance Through the Cooperative Association of 
States for Scholarships.--The President, acting through the 
Administrator for the United States Agency for International 
Development, is strongly encouraged to carry out the purposes of this 
Act through existing scholarship programs, such as the Cooperative 
Association of States for Scholarships program.
Example Output:
Henry J. Hyde Scholarships for Haiti Act of 2006 - Directs the President, acting through the Administrator of the United States Agency for International Development, to provide undergraduate scholarships, in the form of student loans followed by loan forgiveness, to needy Haitian students who, upon completion of their studies in the United States, promptly return to Haiti for a period at least one year longer than the duration of such scholarships. Authorizes appropriations for FY2007-FY2009.

Reserves a specified minimum amount of certain authorized development assistance appropriations under the Foreign Assistance Act of 1961 for literacy and basic education programs in Haiti.

Expresses the sense of Congress that the President, acting through the Director of the Peace Corps, should make available again to the Government of Haiti qualified Peace Corps volunteers who would serve under hardship conditions to: (1) assist the people of Haiti to improve literacy rates and meet other basic needs so that they can become economically self-sufficient; and (2) promote mutual understanding between the peoples of the United States and of Haiti.

Urges the President to: (1) design a program to match scholarship contributions from private and public sectors in either country; (2) seek to engage domestic and international businesses in Haiti to maximize the opportunities of returning scholarship recipients for the development of Haiti; and (3) provide the scholarships through existing scholarship programs, such as the Cooperative Association of States for Scholarships program.