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 Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Startup Opportunity Accelerator Act 
of 2014'' or the ``SOAR Act''.

SEC. 2. FUNDING FOR ORGANIZATIONS THAT SUPPORT STARTUP BUSINESSES.

    The Small Business Act (15 U.S.C. 631 et seq.) is amended--
            (1) by redesignating section 47 (15 U.S.C. 631 note) as 
        section 48; and
            (2) by inserting after section 46 the following:

``SEC. 47. FUNDING FOR ORGANIZATIONS THAT SUPPORT STARTUP BUSINESSES.

    ``(a) Definitions.--In this section--
            ``(1) the term `eligible entity' means an organization--
                    ``(A) that is located in the United States; and
                    ``(B) the primary purpose of which is to support 
                new small business concerns;
            ``(2) the term `new small business concern' means a small 
        business concern that has been in operation for not more than 5 
        years; and
            ``(3) the term `State' means any State of the United 
        States, the District of Columbia, the Commonwealth of Puerto 
        Rico, and any territory or possession of the United States.
    ``(b) Funding.--
            ``(1) In general.--Not later than 1 year after the date of 
        enactment of this section, the Administrator shall develop and 
        begin implementing a program to award cash prizes of not more 
        than $50,000 to eligible entities to support new small business 
        concerns.
            ``(2) Use of funds.--A prize under this section--
                    ``(A) may be used for construction costs, space 
                acquisition, and programmatic purposes; and
                    ``(B) may not be used to provide capital or 
                professional services to new small business concerns 
                directly or through the subaward of funds.
    ``(c) Requirement for Applicants.--An eligible entity desiring a 
prize under this section shall demonstrate that the eligible entity 
will use the prize to provide assistance to not less than 10 new small 
business concerns per year.
    ``(d) Criteria.--The Administrator shall establish criteria for 
prizes under this section that shall give priority to eligible entities 
that are providing or plan to provide to new small business concerns--
            ``(1) office, manufacturing, or warehouse space, including 
        appropriate operations infrastructure;
            ``(2) access to capital (either directly from the eligible 
        entity (using amounts other than the amounts provided under the 
        prize) or through guidance and contacts for acquiring capital 
        from outside investors);
            ``(3) access to professional services (either directly from 
        the eligible entity (using amounts other than the amounts 
        provided under the prize) or through guidance and contacts for 
        acquiring professional services), including accounting and 
        legal services; or
            ``(4) a formal structured mentorship or developmental 
        program that assists new small business concerns with building 
        business skills and competencies.
    ``(e) Considerations in Choosing Recipients.--In determining 
whether to award a prize under this section to an eligible entity, the 
Administrator shall take into account--
            ``(1) for eligible entities that have in operation a 
        program to support new small business concerns, the record of 
        the eligible entity in assisting new small business concerns, 
        including, for each of the 3 full years before the date on 
        which the eligible entity applies for a prize under this 
        section--
                    ``(A) the retention rate of new small business 
                concerns in the program of the eligible entity;
                    ``(B) the average period of participation by new 
                small business concerns in the program of the eligible 
                entity;
                    ``(C) the total, average, and median capital raised 
                by new small business concerns participating in the 
                program of the eligible entity; and
                    ``(D) the total, average, and median number of 
                employees of new small business concerns participating 
                in the program of the eligible entity;
            ``(2) for all eligible entities--
                    ``(A) the number of new small business concerns 
                assisted or anticipated to be assisted by the eligible 
                entity;
                    ``(B) the number of new small business concerns 
                applying or anticipated to apply for assistance from 
                the eligible entity;
                    ``(C) whether the program of the eligible entity 
                provides or would provide assistance to individuals in 
                gender, racial, or ethnic groups underrepresented by 
                existing programs to assist new small business 
                concerns; and
                    ``(D) other metrics determined appropriate by the 
                Administrator;
            ``(3) the need in the geographic area to be served by the 
        program to be carried out using the prize for additional 
        assistance for new small business concerns, if the area has 
        sufficient population density, as determined by the 
        Administrator;
            ``(4) the level of experience of the entrepreneurial 
        leadership of the eligible entity; and
            ``(5) the ability of the eligible entity to use and 
        leverage local strengths, including human resources, 
        infrastructure, and educational institutions.
    ``(f) Matching Nonpublic Funding Requirement.--
            ``(1) In general.--An eligible entity receiving a prize 
        under this section shall obtain funds from a private individual 
        or entity (including a for profit or nonprofit entity) that 
        are--
                    ``(A) for the same purposes as a prize may be made 
                under this section;
                    ``(B) used to carry out the program of the eligible 
                entity carried out using the prize under this section; 
                and
                    ``(C) in an amount that is not to be less than 50 
                percent of the amount of the prize under this section.
            ``(2) Form of non-federal share.--Not more than 25 percent 
        of the funds obtained under paragraph (1) may be in the form of 
        in-kind contributions.
    ``(g) Consequences of Failure To Abide by Terms and Conditions of 
Prize or Requirements of This Section.--The Administrator shall notify 
each eligible entity receiving a prize under this section that failure 
to abide by the terms and conditions of the prize or the requirements 
of this section may, in the discretion of the Administrator and in 
addition to any other civil or criminal consequences, result in the 
Administrator ordering the eligible entity to return the prize funds.
    ``(h) Annual Progress Reporting by Recipients of Prize.--Each 
eligible entity receiving a prize under this section shall submit to 
the Administrator an annual report on the progress of the program 
carried out using the amounts received under the prize, including--
            ``(1) the number of new small business concerns 
        participating in the program during each of the previous 3 
        years;
            ``(2) the number of new small business concerns applying to 
        participate in the program during each of the previous 3 years;
            ``(3) the retention rate of new small business concerns in 
        the program;
            ``(4) the average period of participation in the program by 
        new small business concerns;
            ``(5) the total, average, and median capital raised by new 
        small business concerns participating in the program;
            ``(6) the total, average, and median number of employees of 
        new small business concerns participating in the program; and
            ``(7) other metrics determined appropriate by the 
        Administrator.
    ``(i) Report to Congress.--The Administrator shall submit to 
Congress an annual report on the program under this section, which 
shall include an assessment of the effectiveness of the program, 
including an assessment based on the metrics listed in subsection (h).
    ``(j) Coordination With Other Small Business Administration 
Programs.--The Administrator shall take appropriate action to encourage 
eligible entities receiving a prize under this section to use and 
incorporate other programs of the Administration, such as small 
business development centers, small business investment companies, 
loans under section 7(a), and assistance under title V of the Small 
Business Investment Act of 1958 (15 U.S.C. 695 et seq.).
    ``(k) Listing on Website.--The Administrator shall include a list 
of eligible entities receiving a prize under this section on the 
website of the Administration.
    ``(l) Authorization of Appropriation.--There are authorized to be 
appropriated to carry out this section $5,000,000 for each of the first 
5 fiscal years beginning after the date of the enactment of this 
section.''.
[EX A]: Startup Opportunity Accelerator Act of 2014 or the SOAR Act - Amends the Small Business Act to require the Administrator of the Small Business Administration (SBA) to develop a program to award cash prizes of up to $50,000 to organizations in the United States whose primary purpose is to support new small businesses that have been in operation for five years or less. Authorizes the use of a prize for construction costs, space acquisition, and programmatic purposes. Prohibits its use for capital or professional services to new small businesses. Requires a prize recipient to provide assistance to at least 10 new small businesses per year. 

[EX Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Affordable Mortgage for Homeowners 
Act of 2011''.

SEC. 2. PRINCIPAL REDUCTION OF MORTGAGES OWNED OR GUARANTEED BY FANNIE 
              MAE AND FREDDIE MAC.

    (a) Program Authority.--The Federal National Mortgage Association 
and the Federal Home Loan Mortgage Corporation shall each carry out a 
program under this section to provide for the reduction of the interest 
rates on qualified mortgages on single-family housing owned or 
guaranteed by such enterprises, in accordance with this section and 
policies and procedures that the Director of the Federal Housing 
Finance Agency shall establish.
    (b) Timing.--Each enterprise shall commence the program required 
under subsection (a) upon the expiration of the 90-day period beginning 
upon the date of the enactment of this Act and shall complete all 
reductions of the interest rates of qualified mortgages required under 
the program not later than the expiration of the 12-month period 
beginning upon the commencement of such program.
    (c) Interest Rate Reduction.--In reducing the interest rate on a 
qualified mortgage under a program of an enterprise required under this 
section, the enterprise shall reduce the annual rate of interest 
charged with respect to the outstanding principal obligation of the 
mortgage for the remainder of the term of the mortgage, notwithstanding 
whether the interest rate under the mortgage is otherwise subject to 
adjustment during such mortgage term, to a fixed interest rate that is 
the lesser of--
            (1) 4 percent annually; or
            (2) the rate for a 30-year fixed rate mortgage, as most 
        recently published in the Weekly Primary Mortgage Market Survey 
        of the Federal Home Loan Mortgage Corporation, as of the time 
        of such interest rate reduction for such qualified mortgage.
    (d) Exempt Mortgages.--The Director shall provide that the 
following qualified mortgages shall not be subject to reduction of the 
interest rate under a program under this section:
            (1) Fixed-rate mortgages.--In the case of a qualified 
        mortgage having a rate of interest that is fixed for the entire 
        term of the mortgage, any mortgage having such an interest rate 
        that is a lower than the interest rate determined for the 
        mortgage under subsection (c).
            (2) Adjustable-rate mortgages.--In the case of a mortgage 
        having a rate of interest that is subject to adjustment during 
        the term of the mortgage, any mortgage for which the interest 
        rate cannot, as a result of the terms of the terms and 
        conditions of the mortgage, exceed the interest rate determined 
        for the mortgage under subsection (c) at any time during the 
        term of the mortgage.
    (e) Option to Opt-Out.--Each program of an enterprise required 
under this section shall provide for the enterprise to--
            (1) notify the mortgagor under a qualified mortgage in 
        writing, before the proposed reduction of the interest rate on 
        qualified mortgage of the mortgagor, of--
                    (A) such proposed reduction and the interest rate 
                applicable to the mortgage upon such reduction; and
                    (B) the opportunity, in accordance with paragraph 
                (2), for the mortgagor to request that no such interest 
                rate reduction be applied with respect to such 
                mortgage; and
            (2) forego such interest rate reduction with respect to the 
        qualified mortgage of a mortgagor upon receipt by the 
        enterprise of a request by the mortgagor that no such interest 
        rate reduction be applied with respect to such mortgage.
    (f) Maintenance of Loan Status.--Any reduction of the interest rate 
on a qualified mortgage under a program under this section shall not 
result in the treatment of the modified mortgage as a new mortgage.
    (g) Definitions.--For purposes of this section, the following 
definitions shall apply:
            (1) Director.--The term ``Director'' means the Director of 
        the Federal Housing Finance Agency.
            (2) Enterprise.--The term ``enterprise'' means the Federal 
        National Mortgage Association and the Federal Home Loan 
        Mortgage Corporation.
            (3) Qualified mortgage.--The term ``qualified mortgage'' 
        means a mortgage, without regard to whether the mortgagor is 
        current or in default on payments due under the mortgage, 
        that--
                    (A) is an existing first mortgage that was made for 
                purchase of, or refinancing another first mortgage on, 
                a one- to four-family dwelling, including a condominium 
                or a share in a cooperative ownership housing 
                association, that is occupied by the mortgagor as the 
                principal residence of the mortgagor;
                    (B) is owned or guaranteed by the Federal National 
                Mortgage Association or the Federal Home Loan Mortgage 
                Corporation; and
                    (C) was originated on or before the date of the 
                enactment of this Act.
    (h) Regulations.--The Director shall issue any regulations or 
guidance necessary to carry out the programs required under this 
section not later than the expiration of the 90-day period that begins 
on the date of the enactment of this Act.
[EX A]: Affordable Mortgage for Homeowners Act of 2011 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) each to carry out a program to provide for the reduction of the interest rates on qualified mortgage mortgages (other than fixed-rate or adjustable-rate mortgages) on single-family housing owned or guaranteed by such enterprises, in accordance with policies and procedures that the Director of the Federal Housing Finance Agency (FHFA) shall establish.

Requires each program to provide a procedure for mortgagors to opt-out of an interest rate reduction.

[EX Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Governments Regulatory 
Improvement and Innovation Act of 1993''.

SEC. 2. PURPOSES.

    The purposes of this Act are to--
            (1) better determine the cost and other impacts of 
        regulation on small governments;
            (2) encourage the use of more flexible regulatory 
        approaches that lessen compliance burdens on small governments; 
        and
            (3) test innovative methods of regulation.

SEC. 3. DEFINITIONS.

    For the purposes of this Act--
            (1) the term ``small government'' means a small 
        governmental jurisdiction as defined under section 601(5) of 
        title 5, United States Code;
            (2) the term ``agency'' means any agency as defined under 
        section 551(1) of title 5, United States Code;
            (3) the term ``Director'' means the Director of the Office 
        of Management and Budget;
            (4) the term ``Council'' means the Council on Small 
        Governments established under section 8;
            (5) the term ``small entity'' means a small entity as 
        defined under section 601(6) of title 5, United States Code; 
        and
            (6) the term ``Administrator'' means the Administrator of 
        the Small Business Administration.

SEC. 4. AGENCY RESPONSIBILITIES.

    (a) Guidelines.--The head of each agency shall, after opportunity 
for public comment, issue guidelines consistent with section 6(b) of 
this Act to ensure implementation of chapter 6 of title 5, United 
States Code, by the agency.
    (b) Plans.--The head of each agency shall develop a plan to inform, 
educate, and advise small entities on compliance with any rule that has 
a significant impact on small entities. Such plan shall be published in 
the Federal Register in the notice of proposed rulemaking and the final 
rulemaking notice for any such rule, and shall include a listing of--
            (1) local and regional workshops for the purpose of 
        providing and receiving information about the impact of the 
        rule;
            (2) written guidance and other applicable publications and 
        their availability; and
            (3) relevant Federal, State, and local technical assistance 
        programs.
    (c) Reports.--The head of each agency shall report annually to the 
Administrator and to the Director on the agency's implementation of 
this Act and compliance with the provisions of chapter 6 of title 5, 
United States Code.

SEC. 5. SMALL GOVERNMENT COORDINATORS.

    (a) Establishment.--There is established in each agency the 
position of Small Government Coordinator who shall report directly to 
the head of the agency. The Small Government Coordinator shall--
            (1) communicate the small government perspective on agency 
        rules and policies during the development of such rules and 
        policies;
            (2) oversee and report to the agency head on agency efforts 
        to comply with chapter 6 of title 5, United States Code, as 
        such chapter applies to small governmental jurisdictions, 
        including--
                    (A) participation in the development of agency 
                guidelines for the full implementation of chapter 6 of 
                title 5, United States Code, as such chapter applies to 
                small governmental jurisdictions; and
                    (B) the development of alternative regulatory 
                proposals that accomplish the stated objectives of 
                applicable statutes and which minimize the impact of 
                regulations on small governments by working with--
                            (i) agency regulatory policy personnel;
                            (ii) national organizations representing 
                        small governments;
                            (iii) local elected officials;
                            (iv) public policy experts;
                            (v) the Administrator;
                            (vi) the Director; and
                            (vii) the Council;
            (3) advising the agency head on establishing electronic or 
        other means of information collection to gather data on small 
        governments;
            (4) advising the agency head and the Director on the 
        development and implementation of the pilot program established 
        under section 6; and
            (5) providing technical assistance to small governments on 
        compliance with agency regulations.
    (b) Personnel.--To the greatest extent practicable, the head of 
each agency shall designate existing personnel to perform the duties 
described under this section.
    (c) Waiver.--(1) The head of an agency may waive the requirements 
of this section if such agency head--
            (A) in consultation with the Council and in concurrence 
        with the Director, certifies that the agency does not issue a 
        significant number of rules affecting small governments; and
            (B) publishes such certification in the Federal Register.
    (2) Such waiver shall be reviewed annually and such certification 
shall be made annually, if appropriate.

SEC. 6. REGULATORY COORDINATION.

    (a) Office of Information and Regulatory Affairs.--The Director 
shall delegate responsibility for the implementation of all duties of 
the Director under this Act to the Administrator of the Office of 
Information and Regulatory Affairs.
    (b) Guidelines.--The Director, in consultation with the 
Administrator of Small Business, shall issue guidelines to agencies on 
the identification of rules having a significant impact on small 
entities. In issuing the guidelines, the Director shall consider--
            (1) the number of small entities that may be impacted by a 
        rule;
            (2) the economic cost or benefit to small entities from 
        compliance with a rule;
            (3) the effect a rule may have on regional economies; and
            (4) the reporting and paperwork requirements imposed on 
        small entities by a rule.
    (c) Compliance.--The Director, to the extent permitted by law and 
in consultation with the Administrator, shall be responsible for 
monitoring and coordinating agency compliance with the requirements of 
this Act.

SEC. 7. REGULATORY FLEXIBILITY PILOT PROGRAM.

    (a) Establishment.--The Director, in consultation with agencies and 
the Council, shall establish pilot programs in at least 2 agencies to 
test innovative, and more flexible regulatory approaches that--
            (1) reduce reporting and compliance burdens on small 
        entities; and
            (2) meet overall statutory goals and objectives.
    (b) Program Contents.--The pilot programs shall focus on rules in 
effect or proposed rules, or a combination thereof, that have a 
significant impact on small entities, with equal emphasis given to 
rules that impact small governments, small business, and small 
organizations.

SEC. 8. THE SMALL GOVERNMENTS ADVISORY COUNCIL.

    (a) Establishment.--(1) There is established a Small Governments 
Advisory Council composed of 9 representatives from small governments 
appointed by the President, of whom no more than 5 shall be from any 
one political party.
    (2) No later than 6 months after the date of enactment of this Act, 
the President shall make the original appointments to the Council.
    (b) Membership.--No less than 6 members of the Council shall be 
acting small governmental officials. Members of the Council shall--
            (1) have an extensive understanding of and experience with 
        the operations of small governments; and
            (2) represent a balance with respect to the regions, the 
        sizes of small governments, and the occupations represented on 
        the Council.
    (c) Duties.--The duties of the Small Governments Advisory Council 
shall be to--
            (1) serve as a focal point for the receipt of comments 
        concerning the regulatory policies and activities of agencies 
        that affect small governments;
            (2) advise the Small Government Coordinators as to the 
        performance of their duties under section 5;
            (3)(A) develop proposals for changes in the regulatory 
        policies and activities of any agency which shall carry out the 
        purposes of this Act; and
            (B) communicate such proposals to the Director and 
        appropriate agencies;
            (4)(A) monitor the costs and other burdens of Federal 
        regulation on small governments, including the cumulative 
        effect of such regulation; and
            (B) make legislative and nonlegislative proposals for 
        eliminating excessive or unnecessary regulatory burdens placed 
        on small governments;
            (5) advise the Director on the implementation of section 6 
        as such section relates to small governments; and
            (6) report annually to the Administrator and the Director 
        on the actions of the Council under this Act, including--
                    (A) a summary of all proposals offered under 
                subsection (c)(3);
                    (B) a detailed assessment, prepared in consultation 
                with the Small Government Coordinators established 
                under section 5, of the costs and other burdens of 
                government regulation on small governments, including 
                the cumulative effects of such regulation; and
                    (C) an assessment of the effectiveness of the pilot 
                programs established under section 7.
    (d) Chairman.--The Council shall elect a chairman and meet at the 
call of the chairman but no less often than every 6 months.
    (e) Meetings.--The Director shall meet with the Council on a 
regular basis, but no less often than every 6 months.
    (f) Federal Advisory Committee Act.--The Council shall be subject 
to the Federal Advisory Committee Act (5 U.S.C. App.).
    (g) Authorization of Appropriations.--There are authorized to be 
appropriated such sums as necessary to carry out the provisions of this 
section.

SEC. 9. ASSISTANCE OF GOVERNMENT AGENCIES.

    Consistent with applicable law, each department, agency, and 
instrumentality of the Federal Government shall furnish to the Council 
such reports and other information as the Council determines necessary 
to carry out its duties under this Act.

SEC. 10. TECHNICAL AMENDMENTS.

    Chapter 6 of title 5, United States Code, is amended--
            (1) in section 601(5) by inserting ``Indian tribes,'' after 
        ``school districts,'';
            (2) in section 602(b) by inserting ``the Director of the 
        Office of Management and Budget and'' after ``transmitted to''; 
        and
            (3) in section 605(b)--
                    (A) in the first sentence by striking out 
                ``sections 603 and 604 of this title'' and inserting in 
                lieu thereof ``sections 603(c) and 604 of this title''; 
                and
                    (B) in the second sentence--
                            (i) by striking out ``or at the time of 
                        publication of the final rule''; and
                            (ii) by inserting ``the Director of the 
                        Office of Management and Budget and'' after 
                        ``such certification and statement to''.
[EX A]:
Small Governments Regulatory Improvement and Innovation Act of 1993 - Requires agency heads to:  (1) issue guidelines to ensure agency implementation of regulatory function analysis requirements under current Federal law; and (2) develop a plan to inform, educate, and advise small entities on compliance with any rule with a significant impact on them. 
Establishes in each agency the position of Small Government Coordinator to:  (1) communicate the small government perspective on agency rules and policies during their development; (2) oversee and report to the agency head on agency efforts to comply with regulatory function analysis requirements as they apply to small governmental jurisdictions; (3) advise the agency head on establishing electronic or other means of information collection to gather data on small governments; (4) advise the agency head and the OMB Director on the development and implementation of the pilot program established pursuant to such requirements; and (5) provide technical assistance to small governments on compliance with agency regulations. 
Requires the OMB Director to:  (1) delegate responsibility for the implementation of all his or her duties under this Act to the Administrator of the Office of Information and Regulatory Affairs; (2) issue agency guidelines on the identification of rules having a significant impact on small entities; (3) monitor agency compliance with this Act; and (4) establish pilot programs to test innovative, more flexible approaches to reduce burdens on small entities while meeting overall statutory goals and objectives. 
Establishes a Small Governments Advisory Council to perform various specified duties, including developing proposals for :  (1) changes in the regulatory policies and activities of any agency which carries out the purposes of this Act; and (2) eliminating excessive or unnecessary regulatory burdens placed on small governments.  Authorizes appropriations. 
Amends Federal law to include Indian tribes within the purview of regulatory function analysis requirements.