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

[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Children's Firearm Marketing Safety 
Act''.

SEC. 2. PROHIBITION OF MARKETING FIREARMS TO CHILDREN.

    (a) Conduct Prohibited.--Not later than one year after the date of 
the enactment of this Act, the Federal Trade Commission shall 
promulgate rules in accordance with section 553 of title 5, United 
States Code, to prohibit any person from marketing firearms to 
children. Such rules shall include the following:
            (1) A prohibition on the use of cartoon characters to 
        promote firearms and firearm products.
            (2) A prohibition on firearm brand name merchandise 
        marketed for children (such as hats, t-shirts, and stuffed 
        animals).
            (3) A prohibition on the use of firearm marketing campaigns 
        with the specific intent to appeal to children.
            (4) A prohibition on the manufacturing of a gun with colors 
        or designs that are specifically designed with the purpose to 
        appeal to children.
            (5) A prohibition on the manufacturing of a gun intended 
        for use by children that does not clearly and conspicuously 
        note the risk posed by the firearm by labeling somewhere 
        visible on the firearm any of the following:
                    (A) ``Real gun, not a toy.''.
                    (B) ``Actual firearm the use of which may result in 
                death or serious bodily injury.''.
                    (C) ``Dangerous weapon''.
                    (D) Other similar language determined by the 
                Federal Trade Commission.
    (b) Enforcement.--
            (1) Unfair or deceptive acts or practices.--A violation of 
        a rule promulgated under subsection (a) shall be treated as a 
        violation of a regulation under section 18(a)(1)(B) of the 
        Federal Trade Commission Act (15 U.S.C. 57a(a)(1)(B)) regarding 
        unfair or deceptive acts or practices.
            (2) Powers of commission.--The Federal Trade Commission 
        shall enforce this Act in the same manner, by the same means, 
        and with the same jurisdiction as though all applicable terms 
        and provisions of the Federal Trade Commission Act were 
        incorporated into and made a part of this Act. Any person who 
        violates the regulations promulgated under subsection (a) shall 
        be subject to the penalties and entitled to the privileges and 
        immunities provided in the Federal Trade Commission Act.
    (c) Actions by States.--
            (1) In general.--In any case in which the attorney general 
        of a State has reason to believe that an interest of the 
        residents of such State has been or is threatened or adversely 
        affected by an act or practice in violation of a rule 
        promulgated under subsection (a), the State, as parens patriae, 
        may bring a civil action on behalf of the residents of the 
        State in an appropriate State court to--
                    (A) enjoin such act or practice;
                    (B) enforce compliance with such rule;
                    (C) obtain damages, restitution, or other 
                compensation on behalf of residents of the State; or
                    (D) obtain such other legal and equitable relief as 
                the court may consider to be appropriate.
            (2) Notice.--Before filing an action under this subsection, 
        the attorney general, official, or agency of the State involved 
        shall provide to the Federal Trade Commission a written notice 
        of such action and a copy of the complaint for such action. If 
        the attorney general, official, or agency determines that it is 
        not feasible to provide the notice described in this paragraph 
        before the filing of the action, the attorney general, 
        official, or agency shall provide written notice of the action 
        and a copy of the complaint to the Federal Trade Commission 
        immediately upon the filing of the action.
            (3) Authority of federal trade commission.--
                    (A) In general.--On receiving notice under 
                paragraph (2) of an action under this subsection, the 
                Federal Trade Commission shall have the right--
                            (i) to intervene in the action;
                            (ii) upon so intervening, to be heard on 
                        all matters arising therein; and
                            (iii) to file petitions for appeal.
                    (B) Limitation on state action while federal action 
                is pending.--If the Federal Trade Commission or the 
                Attorney General of the United States has instituted a 
                civil action for violation of a rule promulgated under 
                subsection (a) (referred to in this subparagraph as the 
                ``Federal action''), no State attorney general, 
                official, or agency may bring an action under this 
                subsection during the pendency of the Federal action 
                against any defendant named in the complaint in the 
                Federal action for any violation of such rule alleged 
                in such complaint.
            (4) Rule of construction.--For purposes of bringing a civil 
        action under this subsection, nothing in this Act shall be 
        construed to prevent an attorney general, official, or agency 
        of a State from exercising the powers conferred on the attorney 
        general, official, or agency by the laws of such State to 
        conduct investigations, administer oaths and affirmations, or 
        compel the attendance of witnesses or the production of 
        documentary and other evidence.
    (d) Definitions.--In this section:
            (1) Child.--The term ``child'' means an individual that is 
        less than 18 years of age.
            (2) Firearm.--The term ``firearm'' has the meaning given 
        that term in section 921 of title 18, United States Code.
[A]: Children's Firearm Marketing Safety Act - Directs the Federal Trade Commission (FTC) to promulgate rules to prohibit the marketing of firearms to children, including prohibitions against:   the use of cartoon characters to promote firearms and firearm products,  firearm brand name merchandise marketed for children, the use of firearm marketing campaigns with the specific intent to appeal to children, the manufacturing of a gun with colors or designs that are specifically designed to appeal to children, and  the manufacturing of a gun intended for use by children that does not clearly and conspicuously note, by specified warnings on the firearm, the risk posed by the firearm by labeling somewhere visible on the firearm.  Treats violations of such rules as violations of Federal Trade Commission Act regulations regarding unfair or deceptive acts or practices. Provides for enforcement of this Act by the FTC and through civil actions by state attorneys general.


[Q]: SECTION 1. SHORT TITLE.

     This Act may be cited as the ``Zero Gravity, Zero Tax Act of 
2003''.

SEC. 2. EXCLUSION OF SPACE-RELATED INCOME FROM GROSS INCOME.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by redesignating section 140 as section 
140A and inserting after section 139 the following new section:

``SEC. 140. SPACE-RELATED INCOME.

    ``(a) General Rule.--Gross income shall not include space-related 
income.
    ``(b) Space-Related Income.--
            ``(1) In general.--For purposes of this section, the term 
        `space-related income' means--
                    ``(A) income derived from the sale by the taxpayer 
                to an unrelated person of--
                            ``(i) any product or article which is 
                        produced by the taxpayer in outer space, and
                            ``(ii) any service provided by the taxpayer 
                        in or from outer space,
                    ``(B) income of an individual attributable to 
                services performed in or from outer space by such 
                individual in a trade or business, and
                    ``(C) any amount not described in subparagraph (A) 
                or (B) which is interest, rent, royalty, or similar 
                amount received with respect to production or service 
                described in subparagraph (A) or (B).
            ``(2) Exception for telecommunications services, etc.--
        Paragraph (1)(A)(ii) shall not apply to--
                    ``(A) any telecommunications service provided from 
                earth orbit,
                    ``(B) any service provided by a weather or other 
                earth observation satellite, and
                    ``(C) any other service provided on or before the 
                date of the enactment of this section of transporting 
                property to or from outer space.
            ``(3) Exception for wages.--Paragraph (1) shall not apply 
        to wages (as defined in section 3401) received by any employee 
        of an employer.
            ``(4) Proportional allocation between space-based and 
        earth-based activities.--In the case of any product or article 
        which is produced partly in space, space-related income shall 
        be an amount which bears the same ratio to the amount of gross 
        income attributable to the sale of such product or article as 
        the expenses attributable to producing such product or article 
        in space bears to the total expenses incurred in producing such 
        product or article.
            ``(5) Produced.--For purposes of this section, the term 
        `produced' includes created, fabricated, developed, grown, 
        manufactured, extracted, processed, cured, and aged.
    ``(c) Exclusion From Tariffs, Etc.--Any product--
            ``(1) which is manufactured in outer space, and
            ``(2) which was--
                    ``(A) launched from, and returned to Earth, within 
                the United States, or
                    ``(B) Manufactured at a facility in outer space 
                which is owned by 1 or more United States persons, 
                shall be exempt from all Federal excises, imposts, and 
                duties and any other Federal tariffs.
    ``(d) Phaseout of Benefits.--In the case of a taxable year 
beginning after December 31, 2012, the amount excluded under subsection 
(a) shall be reduced (but not below zero) by x/10th's of the amount 
excludable without regard to this subsection, where `x' is the number 
of years such taxable year is after the last taxable year beginning 
before January 1, 2013. A similar rule shall apply to the benefits 
under subsection (c).''.
    (b) Clerical Amendment.--The table of sections for part III of 
subchapter B of chapter 1 of such Code is amended by striking the last 
item and inserting the following new items:

                              ``Sec. 140. Space-related income.
                              ``Sec. 140A. Cross references to other 
                                        Acts.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2003.

SEC. 3. CREDIT FOR PURCHASE OF QUALIFIED SPACE COMPANY STOCK.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by adding at the end the following new section:

``SEC. 45G. SPACE COMPANY INVESTMENT CREDIT.

    ``(a) General Rule.--For purposes of section 38, the space company 
investment credit determined under this section for any taxable year is 
the amount paid in the taxable year for the purchase of qualified stock 
in a qualified space company.
    ``(b) Qualified Space Company.--For purposes of this section--
            ``(1) In general.--The term `qualified space company' means 
        a domestic C corporation if for the 3-taxable-year period 
        ending with the taxable year immediately preceding the taxable 
        year in which qualified stock is purchased--
                    ``(A) the average annual gross receipts of such 
                entity does not exceed $100,000,000, and
                    ``(B) more than 70 percent of such gross receipts 
                are derived from space-based business.
            ``(2) Space-based business.--The term `space-based 
        business' means a business whose gross receipts are 
        substantially space-related income, as defined in section 
        140(b).
            ``(3) Aggregation rules.--Rules similar to the rules of 
        section 1202(d)(3) shall apply.
    ``(c) Qualified Stock.--For purposes of this section--
            ``(1) In general.--Except as otherwise provided in this 
        section, the term `qualified stock' means any stock in a 
        domestic C corporation if--
                    ``(A) as of the date of issuance of such stock, 
                such corporation is a qualified space company, and
                    ``(B) except as provided in subsections (f) and 
                (h), such stock is acquired by the taxpayer at its 
                original issue (directly or through an underwriter)--
                            ``(i) in exchange for money or other 
                        property (not including stock), or
                            ``(ii) as compensation for services 
                        provided to such corporation (other than 
                        services performed as an underwriter of such 
                        stock).
            ``(2) Active business requirement.--Stock in a corporation 
        shall not be treated as qualified stock unless, during 
        substantially all of the taxpayer's holding period for such 
        stock--
                    ``(A) such corporation meets active business 
                requirements substantially similar to the requirements 
                of section 1202(e), determined on the basis that the 
                qualified trade or business is a space-based business, 
                and
                    ``(B) such corporation is a C corporation.
            ``(3) Certain purchase by corporation of its own stock.--
        Rules similar to the rules of section 1202(c)(3) shall apply.
    ``(e) Recapture.--If, during any taxable year ending with or within 
the 10-year period beginning on the date qualified stock was purchased 
by the taxpayer, the issuer of such stock ceases to a qualified space 
company, the tax under this chapter for such taxable year shall be 
increased by the aggregate decrease in the credits allowed under 
section 38 for all prior taxable years which would have resulted solely 
from reducing to zero any credit determined under subsection (a) with 
respect to such stock.
    ``(f) Termination.--This section shall not apply to stock acquired 
after December 31, 2011.''.
    (b) Credit Allowed as Part of General Business Credit.--Section 
38(b) of such Code (defining current year business credit) is amended 
by striking ``plus'' at the end of paragraph (14), by striking the 
period at the end of paragraph (15) and inserting ``, plus'', and by 
adding at the end the following new paragraph:
            ``(16) space company investment credit determined under 
        section 45G(a).''.
    (c) Conforming Amendments.--
            (1) Section 39(d) of such Code is amended by adding at the 
        end the following new paragraph:
            ``(11) No carryback of space company investment credit 
        before january 1, 2004.--No portion of the unused business 
        credit for any taxable year which is attributable to the space 
        company investment credit determined under section 45G may be 
        carried back to a taxable year beginning before January 1, 
        2004.''.
            (2) Subsection (c) of section 196 of such Code is amended 
        by striking ``and'' at the end of paragraph (9), by striking 
        the period at the end of paragraph (10) and inserting ``, 
        and'', and by adding at the end the following new paragraph:
            ``(11) the space company investment credit determined under 
        section 45G(a).''.
            (3) The table of sections for subpart D of part IV of 
        subchapter A of chapter 1 of such Code is amended by adding at 
        the end the following new item:

                              ``Sec. 45G. Space Company Investment 
                                        Credit.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to costs paid or incurred in taxable years beginning after 
December 31, 2003.

SEC. 4. CAPITAL GAINS EXCLUSION.

    (a) In General.--(1) Part I of subchapter P of the Internal Revenue 
Code of 1986 (relating to treatment of capital gains) is amended by 
adding at the end the following new section:

``SEC. 1203. EXCLUSION FOR GAINS FROM SALE OR EXCHANGE OF STOCK OF 
              QUALIFIED SPACE CORPORATIONS.

    ``(a) In General.--Gross income shall not include gain on the sale 
or exchange of any stock of a qualified space corporation.
    ``(b) Qualified Space Corporation.--For purposes of subsection (a), 
the term `qualified space corporation' means, with respect to any 
taxable year, a domestic corporation which is a C corporation if--
            ``(1) such corporation is organized exclusively for 
        providing to unrelated persons--
                    ``(A) any product or article which is produced 
                (within the meaning of section 140(b)(5)) by the 
                corporation in outer space, or
                    ``(B) any service provided by the corporation in or 
                from outer space, and
            ``(2) At least 90 percent of the expenses of such 
        corporation are attributable to the active conduct of a trade 
        or business of providing a product, article, or service 
        described in paragraph (1).
Such term shall not include a corporation providing a service, product, 
or article described in section 140(b)(2).''.
    (2) Clerical Amendment.--The table of sections for part I of 
subchapter P of such Code is amended by adding at the end the following 
new item:

                              ``Sec. 1203. Exclusion for gains from 
                                        sale or exchange of stock of 
                                        qualified space 
                                        corporations.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2003.
[A]: Zero Gravity, Zero Tax Act of 2003 - Amends the Internal Revenue Code to exclude from gross income: (1) space-related income; and (2) gain on the sale or exchange of any stock of a qualified space corporation.Establishes a space company investment credit for the purchase of qualified stock in a qualified space company.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Legislative Line Item Veto Act of 
1995''.

SEC. 2. ENHANCEMENT OF SPENDING CONTROL BY THE PRESIDENT.

    The Impoundment Control Act of 1974 is amended by adding at the end 
thereof the following new title:

      ``TITLE XI--LEGISLATIVE LINE ITEM VETO RESCISSION AUTHORITY

       ``Part A--Legislative Line Item Veto Rescission Authority

                  ``grant of authority and conditions

    ``Sec. 1101. (a) In General.--Notwithstanding the provisions of 
part B of title X and subject to the provisions of part B of this 
title, the President may rescind all or part of any budget authority, 
if the President--
            ``(1) determines that--
                    ``(A) such rescission would help balance the 
                Federal budget, reduce the Federal budget deficit, or 
                reduce the public debt;
                    ``(B) such rescission will not impair any essential 
                Government functions; and
                    ``(C) such rescission will not harm the national 
                interest; and
            ``(2)(A) notifies the Congress of such rescission by a 
        special message not later than 20 calendar days (not including 
        Saturdays, Sundays, or holidays) after the date of enactment of 
        a regular or supplemental appropriations Act or a joint 
        resolution making continuing appropriations providing such 
        budget authority; or
            ``(B) notifies the Congress of such rescission by special 
        message accompanying the submission of the President's budget 
        to Congress and such rescissions have not been proposed 
        previously for that fiscal year.
The President shall submit a separate rescission message for each 
appropriations bill under paragraph (2)(A).
    ``(b) Rescission Effective Unless Disapproved.--(1)(A) Any amount 
of budget authority rescinded under this title as set forth in a 
special message by the President shall be deemed canceled unless during 
the period described in subparagraph (B), a rescission disapproval bill 
making available all of the amount rescinded is enacted into law.
    ``(B) The period referred to in subparagraph (A) is--
            ``(i) a Congressional review period of 20 calendar days of 
        session under part B, during which Congress must complete 
        action on the rescission disapproval bill and present such bill 
        to the President for approval or disapproval;
            ``(ii) after the period provided in clause (i), an 
        additional 10 days (not including Sundays) during which the 
        President may exercise his authority to sign or veto the 
        rescission disapproval bill; and
            ``(iii) if the President vetoes the rescission disapproval 
        bill during the period provided in clause (ii), an additional 5 
        calendar days of session after the date of the veto.
    ``(2) If a special message is transmitted by the President under 
this section during any Congress and the last session of such Congress 
adjourns sine die before the expiration of the period described in 
paragraph (1)(B), the rescission shall not take effect. The message 
shall be deemed to have been retransmitted on the first day of the 
succeeding Congress and the review period referred to in paragraph 
(1)(B) (with respect to such message) shall run beginning after such 
first day.

                             ``definitions

    ``Sec. 1102. For purposes of this title the term `rescission 
disapproval bill' means a bill or joint resolution which only 
disapproves a rescission of budget authority, in whole, rescinded in a 
special message transmitted by the President under section 1101.

  ``Part B--Congressional Consideration of Legislative Line Item Veto 
                              Rescissions

                     ``presidential special message

    ``Sec. 1111. Whenever the President rescinds any budget authority 
as provided in section 1101, the President shall transmit to both 
Houses of Congress a special message specifying--
            ``(1) the amount of budget authority rescinded;
            ``(2) any account, department, or establishment of the 
        Government to which such budget authority is available for 
        obligation, and the specific project or governmental functions 
        involved;
            ``(3) the reasons and justifications for the determination 
        to rescind budget authority pursuant to section 1101(a)(1);
            ``(4) to the maximum extent practicable, the estimated 
        fiscal, economic, and budgetary effect of the rescission; and
            ``(5) all facts, circumstances, and considerations relating 
        to or bearing upon the rescission and the decision to effect 
        the rescission, and to the maximum extent practicable, the 
        estimated effect of the rescission upon the objects, purposes, 
        and programs for which the budget authority is provided.

                ``transmission of messages; publication

    ``Sec. 1112. (a) Delivery to House and Senate.--Each special 
message transmitted under sections 1101 and 1111 shall be transmitted 
to the House of Representatives and the Senate on the same day, and 
shall be delivered to the Clerk of the House of Representatives if the 
House is not in session, and to the Secretary of the Senate if the 
Senate is not in session. Each special message so transmitted shall be 
referred to the appropriate committees of the House of Representatives 
and the Senate. Each such message shall be printed as a document of 
each House.
    ``(b) Printing in Federal Register.--Any special message 
transmitted under sections 1101 and 1111 shall be printed in the first 
issue of the Federal Register published after such transmittal.

                         ``procedure in senate

    ``Sec. 1113. (a) Referral.--(1) Any rescission disapproval bill 
introduced with respect to a special message shall be referred to the 
appropriate committees of the House of Representatives or the Senate, 
as the case may be.
    ``(2) Any rescission disapproval bill received in the Senate from 
the House shall be considered in the Senate pursuant to the provisions 
of this section.
    ``(b) Floor Consideration in the Senate.--
            ``(1) Debate in the Senate on any rescission disapproval 
        bill and debatable motions and appeals in connection therewith, 
        shall be limited to not more than 10 hours. The time shall be 
        equally divided between, and controlled by, the majority leader 
        and the minority leader or their designees.
            ``(2) Debate in the Senate on any debatable motion or 
        appeal in connection with such a bill shall be limited to 1 
        hour, to be equally divided between, and controlled by, the 
        mover and the manager of the bill, except that in the event the 
        manager of the bill is in favor of any such motion or appeal, 
        the time in opposition thereto shall be controlled by the 
        minority leader or his designee. Such leaders, or either of 
        them, may, from the time under their control on the passage of 
        the bill, allot additional time to any Senator during the 
        consideration of any debatable motion or appeal.
            ``(3) A motion to further limit debate is not debatable. A 
        motion to recommit (except a motion to recommit with 
        instructions to report back within a specified number of days, 
        not to exceed 1, not counting any day on which the Senate is 
        not in session) is not in order.
    ``(c) Point of Order.--(1) It shall not be in order in the Senate 
or the House of Representatives to consider any rescission disapproval 
bill that relates to any matter other than the rescission of budget 
authority transmitted by the President under section 1101.
    ``(2) It shall not be in order in the Senate or the House of 
Representatives to consider any amendment to a rescission disapproval 
bill.
    ``(3) Paragraphs (1) and (2) may be waived or suspended in the 
Senate only by a vote of three-fifths of the members duly chosen and 
sworn.''.
[A]:
Legislative Line Item Veto Act of 1995 - Amends the Congressional Budget and Impoundment Control Act of 1974 to grant the President legislative line item veto rescission authority. 
Authorizes the President to rescind all or part of any budget authority, if the President determines that such rescission:  (1) would help balance the Federal budget, reduce the Federal budget deficit, or reduce the public debt; (2) will not impair any essential Government functions; and (3) will not harm the national interest. 
Makes such a rescission effective unless the Congress, during a review period, enacts a rescission disapproval bill.