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. MODIFICATIONS AND INCREASED VOLUME CAP WITH RESPECT TO 
              QUALIFIED MORTGAGE BONDS.

    (a) Use of Qualified Mortgage Bonds Proceeds for Subprime 
Refinancing Loans.--Section 143(k) of the Internal Revenue Code of 1986 
(relating to other definitions and special rules) is amended by adding 
at the end the following new paragraph:
            ``(12) Special rules for subprime refinancings.--
                    ``(A) In general.--In the case of a residence which 
                was originally financed by the mortgagor through a 
                qualified subprime loan, this section shall be applied 
                with the following modifications:
                            ``(i) Subsection (i)(1) (relating to 
                        mortgages must be new mortgages) shall not 
                        apply.
                            ``(ii) Subsection (a)(2)(D)(i) shall be 
                        applied by substituting `12-month period' for 
                        `42-month period' each place it appears.
                            ``(iii) Subsection (d) (relating to 3-year 
                        requirement) shall not apply.
                            ``(iv) Subsection (e) (relating to purchase 
                        price requirement) shall be applied by using 
                        the market value of the residence at the time 
                        of refinancing in lieu of the acquisition cost.
                    ``(B) Qualified subprime loan.--
                            ``(i) In general.--The term `qualified 
                        subprime loan' means an adjustable rate single-
                        family residential mortgage loan originated 
                        after December 31, 2001, and before January 1, 
                        2008, that the bond issuer determines has 
                        characteristics that suggest both a reasonably 
                        foreseeable risk of default and a reasonable 
                        potential to avoid default with the benefit of 
                        a lower cost refinancing.
                            ``(ii) Considerations.--In making the 
                        determination under clause (i), the bond issuer 
                        may consider the following characteristics:
                                    ``(I) Loan payments which are 
                                scheduled to increase by more than 10 
                                percent after December 31, 2007, and 
                                before January 1, 2011.
                                    ``(II) A loan-to-value ratio of 97 
                                percent or greater at the time of the 
                                original mortgage loan or at the time 
                                of the refinancing of such loan after 
                                adjustment for any decline in the fair 
                                market value of the residence.
                                    ``(III) A borrower whose 
                                creditworthiness is relatively low in 
                                comparison to a prime borrower, based 
                                on a lower credit score, such as a Fair 
                                Isaac Credit Organization credit score 
                                at the time of the original subprime 
                                loan of less than 660 and the absence 
                                of an increase in such score by more 
                                than 10 percent since the time of the 
                                original loan.
                                    ``(IV) Whether loan payments on the 
                                original mortgage loan generally have 
                                been made in a current, timely manner, 
                                subject only to isolated late payments.
                    ``(C) Termination.--This paragraph shall not apply 
                to any bonds issued after December 31, 2010.''.
    (b) Increased Volume Cap for Qualified Mortgage Bonds.--
            (1) In general.--Subsection (d) of section 146 of the 
        Internal Revenue Code of 1986 is amended by adding at the end 
        the following new paragraph:
            ``(5) Increase and set aside for qualified mortgage bonds 
        for 2008.--
                    ``(A) In general.--The State ceiling for calendar 
                year 2008 shall be increased by $15,000,000,000.
                    ``(B) Set aside.--
                            ``(i) In general.--Not less than an amount 
                        equal to each State's allocable share of the 
                        increase in the State ceiling under 
                        subparagraph (A) shall be allocated solely for 
                        the purpose of a qualified mortgage issue which 
                        meets the requirement clause (ii).
                            ``(ii) Requirement.--A qualified mortgage 
                        issue meets the requirement of this clause if 
                        such issue meets the requirement of section 
                        143(a)(2)(D)(i) (determined by substituting 
                        `12-month period' for `42-month period' each 
                        place it appears).''.
            (2) Carryforward of unused limitations.--Subsection (f) of 
        section 146 of such Code is amended by adding at the end the 
        following new paragraph:
            ``(6) Special rules for increased volume cap under 
        subsection (d)(5).--No amount which is attributable to the 
        increase under subsection (d)(5) may be used--
                    ``(A) for a carryforward purpose other than issuing 
                qualified mortgage bonds, and
                    ``(B) to issue any bond after calendar year 
                2010.''.
    (c) Alternative Minimum Tax.--
            (1) In general.--Clause (ii) of section 57(a)(5)(C) of the 
        Internal Revenue Code of 1986 is amended by striking ``shall 
        not include'' and all that follows and inserting ``shall not 
        include--
                                    ``(I) any qualified 501(c)(3) bond 
                                (as defined in section 145), or
                                    ``(II) any qualified mortgage bond 
                                (as defined in section 143(a)) or 
                                qualified veterans' mortgage bond (as 
                                defined in section 143(b)) issued after 
                                December 31, 2007, and before January 
                                1, 2011.''.
            (2) Conforming amendment.--The heading for section 
        57(a)(5)(C)(ii) is amended by striking ``qualified 501(c)(3) 
        bonds'' and inserting ``certain bonds''.
    (d) Effective Date.--The amendments made by this section shall 
apply to bonds issued after December 31, 2007.

A: Amends the Internal Revenue Code to: (1) allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans issued between 2002 and 2008; (2) increase in 2008 limitations on issuance amounts for qualified mortgage bonds; and (3) exempt tax-exempt interest on qualified mortgage or veterans' mortgage bonds issued before 2011 from the alternative minimum tax.
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Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tuition Assistance for Families 
Act''.

SEC. 2. EXPANSION OF TUITION TAX DEDUCTION.

    (a) In General.--Subparagraphs (A) and (B) of section 222(b)(2) of 
the Internal Revenue Code of 1986 (relating to dollar limitation) are 
amended to read as follows:
                    ``(A) In general.--The applicable dollar limit 
                shall be equal to--
                            ``(i) in the case of a taxpayer whose 
                        adjusted gross income for the taxable year does 
                        not exceed $65,000 ($130,000 in the case of a 
                        joint return), $12,000,
                            ``(ii) with respect to any taxable year 
                        beginning in 2004 or 2005, in the case of a 
                        taxpayer not described in clause (i) whose 
                        adjusted gross income for the taxable year does 
                        not exceed $80,000 ($160,000 in the case of a 
                        joint return), $2,000, and
                            ``(iii) in the case of any other taxpayer, 
                        zero.
                    ``(B) Inflation adjustment.--
                            ``(i) In general.--In the case of any 
                        taxable year beginning after 2003, each dollar 
                        amount referred to in subparagraph (A)(i) shall 
                        be increased by an amount equal to--
                                    ``(I) such dollar amount, 
                                multiplied by
                                    ``(II) the cost-of-living 
                                adjustment determined under section 
                                (1)(f)(3) for the calendar year in 
                                which the taxable year begins, by 
                                substituting `2002' for `1992'.
                            ``(ii) Rounding.--If any amount as adjusted 
                        under clause (i) is not a multiple of $100, 
                        such amount shall be rounded to the next lowest 
                        multiple of $100.''.
    (b) Permanent Deduction.--Section 222 of the Internal Revenue Code 
of 1986 (relating to qualified tuition and related expenses) is amended 
by striking subsection (e).
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made in taxable years beginning after December 31, 
2002.

SEC. 3. EXPANSION OF LIFETIME LEARNING CREDIT.

    (a) In General.--Section 25A(c)(1) of the Internal Revenue Code of 
1986 (relating to per taxpayer credit) is amended--
            (1) by striking ``20 percent'' and inserting ``25 
        percent'', and
            (2) by striking ``$10,000 ($5,000 in the case of taxable 
        years beginning before January 1, 2003)'' and inserting 
        ``$12,000''.
    (b) Inflation Adjustment.--Section 25A(h) of the Internal Revenue 
Code of 1986 (relating to inflation adjustments) is amended by adding 
at the end the following new paragraph:
            ``(3) Dollar limitation on amount of lifetime learning 
        credit.--
                    ``(A) In general.--In the case of any taxable year 
                beginning after 2003, the dollar amount referred to in 
                subsection (c)(1) shall be increased by an amount equal 
                to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section (1)(f)(3) for the 
                        calendar year in which the taxable year begins, 
                        by substituting `2002' for `1992'.
                    ``(B) Rounding.--If any amount as adjusted under 
                subparagraph (A) is not a multiple of $100, such amount 
                shall be rounded to the next lowest multiple of 
                $100.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made in taxable years beginning after December 31, 
2002.

SEC. 4. INCREASE IN INCOME LIMITS FOR HOPE AND LIFETIME LEARNING 
              CREDITS.

    (a) In General.--Section 25A(d)(2)(A)(ii) of the Internal Revenue 
Code of 1986 (relating to limitation based on modified adjusted gross 
income) is amended by striking ``$40,000 ($80,000'' and inserting 
``$55,000 ($110,000''.
    (b) Conforming Amendments.--Section 25A(h)(2)(A) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``2001'' in the matter preceding clause (i) 
        and inserting ``2003'',
            (2) by striking ``the $40,000 and $80,000 amounts'' in such 
        matter and inserting ``the $55,000 and $110,000 amounts'', and
            (3) by striking ``2000'' in clause (ii) and inserting 
        ``2002''.
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made in taxable years beginning after December 31, 
2002.

SEC. 5. MAXIMUM PELL GRANT AWARDS.

    The Department of Education Appropriations Act, 2002 (Public Law 
107-116) is amended under the heading ``Student Financial Assistance'' 
by striking ``$4,000'' and inserting ``$4,500''.

SEC. 6. ACADEMIC ACHIEVEMENT SCHOLARSHIPS.

    (a) Scholarships.--The Secretary of Education is authorized to 
award a scholarship for academic year 2003-2004 and succeeding academic 
years to each student in a State who graduated in the top 5 percent of 
such student's graduating class from secondary school in academic year 
2002-2003 or a succeeding academic year to enable such student to pay 
the cost of attendance at an institution of higher education.
    (b) Amount.--Each scholarship awarded under this section shall be 
in the amount of $1,000.
    (c) Use.--Each student awarded a scholarship under this section 
shall use the funds to pay the cost of attendance at an institution of 
higher education.
    (d) Construction of Needs Provision.--
            (1) In general.--Except as provided in paragraph (2), 
        nothing in this section, or any other Act, shall be construed 
        to permit the receipt of a scholarship under this section to be 
        counted for any needs test in connection with the awarding of 
        any grant or the making of any loan under the Higher Education 
        Act of 1965 (20 U.S.C. 1001 et seq.) or any other provision of 
        Federal law relating to educational assistance.
            (2) Exception.--In determining the need of a student for 
        Federal financial assistance, an institution of higher 
        education may take into consideration the amount of scholarship 
        assistance received under this section if the total amount of 
        scholarship assistance received under this section plus the 
        amount of other financial assistance available to a student 
        exceeds the student's cost of attendance at the institution.
    (e) Regulations.--The Secretary of Education shall promulgate 
regulations regarding how scholarships awarded under this section will 
be allocated to both public and private school students.
    (f) Definitions.--In this section:
            (1) Cost of attendance.--The term `cost of attendance' has 
        the meaning given the term in section 472 of the Higher 
        Education Act of 1965 (20 U.S.C. 1087ll).
            (2) Institution of higher education.--The term `institution 
        of higher education' has the meaning given the term in section 
        101 of the Higher Education Act of 1965 (20 U.S.C. 1001).

A: Tuition Assistance for Families Act - Amends the Internal Revenue Code to expand the tax deduction for qualified higher education tuition and related expenses. Sets such deduction at: (1) $12,000 for those with incomes up to $65,000 single or $130,000 joint; and (2) $2,000 for those whose incomes are above that level, but not more than $80,000 single or $160,000 joint. Provides inflation adjustment. Makes such tuition deduction permanent.Increases the amount of the Lifetime Learning tax credit percentage from 20 to 25 percent. Increases the amount of education expenses subject to such credit from $10,000 to $12,000 (thus making the maximum allowable credit $3,000, rather than the current $2,000). Provides inflation adjustment.Raises annual income limits for the Hope and Lifetime Learning tax credits to $55,000 single and $110,000 joint.Amends the Department of Education Appropriations Act, 2002 (Public Law 107-116) to increase the maximum Pell Grant award from $4,000 to $4,500.Establishes an academic achievement scholarship program. Authorizes the Secretary of Education to award a $1,000 college scholarship to each student in a State who graduates in the top five percent of his or her secondary school's graduating class.
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Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Morris K. Udall Parkinson's 
Research, Education, and Assistance Act of 1994''.

SEC. 2. FINDINGS AND PURPOSE.

    (a) Findings.--Congress finds the following:
            (1) Parkinson's disease and related disorders (hereafter 
        referred to in this Act as ``Parkinson's'') is a neurological 
        disorder affecting as many as 1,500,000 Americans.
            (2) Approximately 40 percent of persons with Parkinson's 
        are under the age of 60.
            (3) While science has yet to determine what causes the 
        disease, research has found that cells that produce a 
        neurochemical called dopamine inexplicably degenerate, causing 
        uncontrollable tremors, muscle stiffness, and loss of motor 
        function.
            (4) Eventually, Parkinson's renders its victims incapable 
        of caring for themselves. In addition to causing disability and 
        suffering for its victims, Parkinson's places tremendous and 
        prolonged physical, emotional, and financial strain on family 
        and loved ones.
            (5) It is estimated that the disease costs society nearly 
        $6,000,000,000 annually.
            (6) To date, the federally funded research effort has been 
        grossly underfunded. Only $30,000,000 is allocated specifically 
        for research on Parkinson's, or only about one dollar for every 
        $200 in annual societal costs.
            (7) In order to take full advantage of the tremendous 
        potential for finding a cure or effective treatment, the 
        Federal investment in Parkinson's must be expanded, as well as 
        the coordination strengthened among the National Institutes of 
        Health research institutes.
    (b) Purpose.--It is the purpose of this Act to provide for the 
expansion and coordination of research concerning Parkinson's, and to 
improve care and assistance for its victims and their family 
caregivers.

SEC. 3. BIOMEDICAL RESEARCH ON PARKINSON'S DISEASE.

    Part E of title IV of the Public Health Service Act (42 U.S.C. 287 
et seq.) is amended by adding at the end thereof the following new 
subpart:

               ``Subpart 4--Parkinson's Disease Research

``SEC. 485G. PARKINSON'S DISEASE RESEARCH.

    ``(a) Expansion of Biomedical Research.--
            ``(1) Coordination council.--The Director of the National 
        Institutes of Health shall establish a council to coordinate 
        Parkinson's research activities. Members of the council shall 
        include the Director of the National Institutes of Health, the 
        Director of the National Institute of Neurological Disorders 
        and Stroke, the Director of the National Institute on Aging, 
        the Director of the National Institute of Environmental Health 
        Sciences, patient advocates, and representatives of other 
        departments and agencies conducting or supporting research on 
        Parkinson's.
            ``(2) National consensus conference.--The council 
        established under paragraph (1) shall convene a National 
        Consensus Conference on Parkinson's Disease and Related Neuro-
        degenerative Disorders to aid in the development of a broad-
        based strategy for identifying the cause of and treating such 
        disorders.
            ``(3) Research agenda.--Not later than 180 days after the 
        date of enactment of this section, and annually thereafter, the 
        Secretary, in consultation with the council established under 
        paragraph (1), shall develop and submit to the Energy and 
        Commerce Committee and the Appropriations Committee of the 
        House of Representatives and the Labor and Human Resources 
        Committee and the Appropriations Committee of the Senate, a 
        coordinated research agenda.
            ``(4) Research centers.--The Secretary shall provide for 
        the establishment of 10 Parkinson's Research Centers. Such 
        centers shall--
                    ``(A) conduct research into the cause, prevention, 
                treatment, and management of Parkinson's;
                    ``(B) disseminate clinical information concerning 
                Parkinson's and provide patient care services;
                    ``(C) provide training for health care personnel 
                concerning Parkinson's;
                    ``(D) coordinate research with other such Centers 
                and related public and private research institutions;
                    ``(E) develop and maintain, where appropriate, a 
                tissue bank to collect specimens related to the 
                research and treatment of Parkinson's; and
                    ``(F) enhance community awareness concerning 
                Parkinson's and promote the involvement of advocate 
                groups.
    ``(b) Morris K. Udall Feasibility Study Grants.--The Secretary may 
award feasibility study grants under this section to support the 
development of preliminary data sufficient to provide the basis for the 
submission of applications for independent research support grants or 
establishment of a Center under this section.
    ``(c) Morris K. Udall Leadership and Excellence Awards.--The 
Secretary shall establish a grant program to support scientists who 
have distinguished themselves in the field of Parkinson's research. 
Grants under this subsection shall be utilized to enable established 
investigators to devote greater time and resources in laboratories to 
conduct research on Parkinson's and to encourage the development of a 
new generation of investigators, with the support and guidance of the 
most productive and innovative senior researchers.
    ``(d) Patient and Family Registries.--The Secretary shall establish 
a registry for screening and collecting patient and family data that 
may be useful in determining incidence and possible risk factors 
concerning Parkinson's.
    ``(e) Morris K. Udall Health Professions Training Grants.--The 
Secretary may award grants to schools of medicine, nursing, social 
work, and health services administration, and other appropriate 
institutions, for the provision of training and continuing education 
concerning health and long-term care of individuals with Parkinson's. 
In awarding grants under this subsection the Secretary shall ensure 
appropriate geographic coverage.
    ``(f) National Parkinson's Disease Education Program.--The 
Secretary shall establish a national education program that is designed 
to foster a national focus on Parkinson's and the care of those with 
Parkinson's. Activities under such program shall include--
            ``(1) the bringing together of public and private 
        organizations to develop better ways to provide care to 
        individuals with Parkinson's, and assist the families of such 
        individuals;
            ``(2) the provision of technical assistance to public and 
        private organizations that offer support and aid to families 
        caring for individuals with Parkinson's; and
            ``(3) the establishment of a clearinghouse that will 
        disseminate the most up-to-date research, treatment, and 
        training information to families, health professionals, and the 
        general public concerning Parkinson's.
    ``(g) Application.--To be eligible to receive a grant or other 
assistance under this section, an individual or entity shall prepare 
and submit to the Secretary an application at such time, in such 
manner, and containing such information as the Secretary may require.
    ``(h) Authorization of Appropriations.--
            ``(1) In general.--For carrying out the activities 
        described in this section, there are authorized to be 
        appropriated $75,000,000 for fiscal year 1996, $100,000,000 for 
        fiscal year 1997, $200,000,000 for fiscal year 1998, and such 
        sums as may be necessary for each of the fiscal years 1999 and 
        2000. Of amounts so appropriated, the Secretary shall make 
        available--
                    ``(A) $10,000,000 for fiscal year 1996, $20,000,000 
                for fiscal year 1997, $30,000,000 for fiscal year 1998, 
                and such sums as may be necessary for each of the 
                fiscal years 1999 and 2000, for establishing centers 
                under subsection (a)(4); and
                    ``(B) $2,000,000 for fiscal year 1996, $4,000,000 
                for fiscal year 1997, $6,000,000 for fiscal year 1998, 
                and such sums as may be necessary for each of the 
                fiscal years 1999 and 2000 for carrying out feasibility 
                study grants under subsection (b).
            ``(2) Leadership and excellence awards.--For carrying out 
        activities under subsection (c), there are authorized to be 
        appropriated $10,000,000 for fiscal year 1996, $15,000,000 for 
        fiscal year 1997, $20,000,000 for fiscal year 1998, and such 
        sums as may be necessary for each of the fiscal years 1999 and 
        2000.
            ``(3) Patient and family registries.--For carrying out 
        activities under subsection (d), there are authorized to be 
        appropriated $2,000,000 for each of fiscal years 1996, 1997, 
        and 1998, and such sums as may be necessary for each of the 
        fiscal years 1999 and 2000.
            ``(4) Health professions training programs.--For carrying 
        out activities under subsection (e), there are authorized to be 
        appropriated $2,000,000 for fiscal year 1996, $5,000,000 for 
        fiscal year 1997, $8,000,000 for fiscal year 1998, and such 
        sums as may be necessary for each of the fiscal years 1999 and 
        2000.
            ``(5) National Parkinson's Disease Education Program.--For 
        carrying out activities under subsection (f), there are 
        authorized to be appropriated $2,000,000 for fiscal year 1996, 
        $3,000,000 for fiscal year 1997, $4,000,000 for fiscal year 
        1998, and such sums as may be necessary for each of the fiscal 
        years 1999 and 2000.''.

A:
Morris K. Udall Parkinson's Research, Education, and Assistance Act of 1994 - Amends the Public Health Service Act to require the Director of the National Institutes of Health to establish a council to coordinate Parkinson's research activities. 
Directs:  (1) the council to convene a National Consensus Conference on Parkinson's Disease and Related Neuro-degenerative Disorders to aid in the development of a broad-based strategy for identifying the cause of and treating such disorders; and (2) the Secretary of Health and Human Services to develop and annually submit to specified congressional committees a coordinated research agenda and to provide for the establishment of ten Parkinson's Research Centers. 
Authorizes the Secretary to:  (1) award feasibility study grants to support the development of preliminary data sufficient to provide the basis for the submission of applications for independent research support grants or establishment of a Center; and (2) award grants to appropriate institutions for the provision of training and continuing education concerning health and long-term care of individuals with Parkinson's. 
Directs the Secretary to establish:  (1) a grant program to support scientists who have distinguished themselves in the field of Parkinson's research; (2) a registry for screening and collecting patient and family data that may be useful in determining incidence and possible risk factors concerning Parkinson's; and (3) a national education program designed to foster a national focus on Parkinson's and the care of those with Parkinson's. 
Sets forth application requirements.  Authorizes appropriations.
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