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; AMENDMENT REFERENCES.

    (a) Short Title.--This Act may be cited as the ``National Fish and 
Wildlife Foundation Establishment Act Amendments of 1998''.
    (b) Amendment of National Fish and Wildlife Foundation 
Establishment Act.--Except as otherwise expressly provided, whenever in 
this Act an amendment or repeal is expressed in terms of an amendment 
to, or repeal of, a section or other provision, the reference shall be 
considered to be made to a section or other provision of the National 
Fish and Wildlife Foundation Establishment Act (16 U.S.C. 3701 et 
seq.).

SEC. 2. MEMBERSHIP OF BOARD OF DIRECTORS OF THE FOUNDATION.

    (a) Amendments.--Section 3 (16 U.S.C. 3702) is amended--
            (1) in subsection (a)--
                    (A) in the matter preceding paragraph (1), by 
                striking ``15'' and inserting ``22'';
                    (B) in paragraph (1), by striking ``six'' and 
                inserting ``4'', and by striking ``and'' after the 
                semicolon at the end;
                    (C) in paragraph (2) by striking the period at the 
                end and inserting ``; and'';
                    (D) by inserting after paragraph (2) the following:
            ``(3) 4 of whom must be knowledgeable and experienced in 
        ocean and coastal resource conservation.''; and
                    (E) in the material following paragraph (3) (as so 
                added), by striking ``shall be'' and inserting ``and 
                the Under Secretary of Commerce for Oceans and 
                Atmosphere shall each be''; and
            (2) by amending subsection (b) to read as follows:
    ``(b) Appointment and Terms.--
            ``(1) In general.--The Secretary of the Interior (in this 
        Act referred to as the `Secretary') shall appoint the Directors 
        of the Board, after considering recommendations from the Board 
        under paragraph (4). The Secretary of the Interior shall 
        consult with the Under Secretary of Commerce for Oceans and 
        Atmosphere before appointing any Director of the Board.
            ``(2) Terms.--The Directors shall be appointed for terms of 
        6 years; except that the Secretary, in making the initial 
        appointments to the Board, shall appoint 3 Directors to a term 
        of 2 years, 2 Directors to a term of 4 years, and 2 Directors 
        to a term of 6 years. No individual may serve more than 2 
        consecutive full terms as a Director.
            ``(3) Vacancies.--A vacancy on the Board shall be filled 
        within 60 days after the occurrence of the vacancy. Any 
        individual appointed to fill a vacancy occurring prior to the 
        expiration of any term of office shall be appointed for the 
        remainder of that term.
            ``(4) Nomination of appointees.--The Board may recommend to 
        the Secretary individuals to be appointed as Directors of the 
        Board.''.
    (b) Application.--The amendments made by subsection (a) shall apply 
to any appointment of a Director of the Board of the National Fish and 
Wildlife Foundation on or after the date of the enactment of this Act.
    (c) Appointment of Additional Members.--
            (1) Nominations.--The Board of Directors on the National 
        Fish and Wildlife Foundation shall submit any recommendations 
        of individuals for appointment to positions on the Board 
        created by the amendment made by subsection (a)(1) by not later 
        than 60 days after the date of the enactment of this Act.
            (2) Staggered terms.--Of the Directors on the Board of 
        Directors of the National Fish and Wildlife Foundation first 
        appointed pursuant to the amendment made by subsection (a)(1)--
                    (A) 3 shall be appointed to a term that expires 
                December 31, 1999;
                    (B) 2 shall be appointed to a term that expires 
                December 31, 2001; and
                    (C) 2 shall be appointed to a term that expires 
                December 31, 2003,
        as specified by the Secretary of the Interior at the time of 
        appointment.

SEC. 3. RIGHTS AND OBLIGATIONS OF THE FOUNDATION.

    (a) Investment and Deposit of Federal Funds.--Section 4(c) (16 
U.S.C. 3703(c)) is amended--
            (1) by redesignating paragraphs (3) through (7) in order as 
        paragraphs (8) through (12); and
            (2) by inserting after paragraph (2) the following:
            ``(3) to invest any funds provided to the Foundation by the 
        Federal Government in obligations of the United States or in 
        obligations or securities that are guaranteed or insured by the 
        United States;
            ``(4) to deposit any funds provided to the Foundation by 
        the Federal Government into accounts that are insured by an 
        agency or instrumentality of the United States;
            ``(5) to make use of any interest or investment income that 
        accrues as a consequence of actions taken under paragraph (3) 
        or (4) to carry out the purposes of the Foundation;
            ``(6) to provide Federal funds for the purpose of entering 
        into cooperative agreements with willing private landowners for 
        restoration and enhancement of fish, wildlife, and other 
        natural resources on public or private land, or both, if such 
        cooperative agreements--
                    ``(A) provide general conservation benefits; or
                    ``(B) benefit fish, wildlife, or other natural 
                resources on public land;
            ``(7) to accept and manage funds provided by any Federal 
        agency under any other law when it is in the public 
        interest;''.
    (b) Agency Approval of Acquisitions of Property.--Section 4(e) (16 
U.S.C. 3703(e)) is amended--
            (1) by amending paragraph (1)(B) to read as follows:
            ``(B) the Foundation notifies the Federal agency that 
        administers the program under which the funds were provided of 
        the proposed acquisition, and the agency fails to object in 
        writing to the proposed acquisition within 60 days after the 
        date of that notification.''; and
            (2) in paragraph (2), by striking ``the Director'' and 
        inserting ``the head of the Federal agency that administers the 
        program under which the funds were provided''.
    (c) Repeal.--Section 304 of Public Law 102-440 (16 U.S.C. 3703 
note) is repealed.
    (d) Agency Approval of Conveyances and Grants.--Section 
4(e)(3)(B)(ii) (16 U.S.C. 3703(e)(3)(B)(ii)) is amended to read as 
follows:
            ``(ii) the Foundation notifies the Federal agency that 
        administers the Federal program under which the funds were 
        provided of the proposed conveyance or provision of Federal 
        funds, and the head of the agency fails to object in writing to 
        such proposed conveyance or provision of Federal funds within 
        60 days after the date of that notification.''.
    (e) Reconveyance of Real Property.--Section 4(e)(5) (16 U.S.C. 
3703(e)(5)) is amended to read as follows:
    ``(5) The Foundation shall convey at not less than fair market 
value any real property acquired by it in whole or in part with Federal 
funds if the Foundation notifies the Federal agency that administers 
the Federal program under which the funds were provided, and the agency 
fails to disagree within 60 days after the date of that notification, 
that--
            ``(A) the property is no longer valuable for the purposes 
        of fish and wildlife conservation or management; and
            ``(B) the purposes of the Foundation would be better served 
        by the use of the proceeds of the conveyance for authorized 
        activities of the Foundation.''.
    (f) Termination of Condemnation Limitation; Expenditures for 
Printing or Capital Equipment.--Section 4(d) (16 U.S.C. 3703(d)) is 
amended to read as follows:
    ``(d) Expenditures for Printing or Capital Equipment.--The 
Foundation may not make an expenditure of Federal funds for printing or 
capital equipment that is greater than $10,000 unless the expenditure 
is approved by the Federal agency that administers the Federal program 
under which the funds were provided.''.

SEC. 4. MATCHING REQUIREMENT.

    Section 10(b)(1) (16 U.S.C. 3709(b)(1)) is amended by striking 
``matching, in whole or in part,'' and inserting ``matching, on a one-
to-one basis,''.

SEC. 5. RESTRICTIONS ON USE OF GRANTS PROVIDED BY FOUNDATION.

    Section 10(b) (16 U.S.C. 3709(b)) is amended by adding at the end 
the following:
    ``(3)(A) Amounts provided as a grant by the Foundation shall not be 
used for--
            ``(i) expenses related to litigation; or
            ``(ii) any activity the purpose of which is to influence 
        legislation pending before the Congress.
    ``(B) Subparagraph (A)(ii) shall not be considered to prohibit 
officers or employees of the Foundation from communicating to Members 
or staff of Congress requests for legislation that they consider 
necessary for the efficient conduct of the business of the Foundation 
or that relates to the authority of the Foundation, appropriations for 
use by the Foundation, or use of Federal funds by the Foundation.
    ``(4) Amounts provided as a grant by the Foundation shall not be 
used for any activity related to the introduction of wolves or grizzly 
bears in Idaho, Montana, Utah, or Wyoming.''.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

    (a) In General.--Section 10(a) (16 U.S.C. 3709(a)) is amended to 
read as follows:
    ``(a) Authorization.--There are authorized to be appropriated to 
the Secretary of the Interior and the Secretary of Commerce, in the 
aggregate, $25,000,000 for fiscal year 1999.''.
    (b) Repeal.--Section 10(c) (16 U.S.C. 3709(c)) is repealed.
[EX A]: National Fish and Wildlife Foundation Establishment Act Amendments of 1998 - Amends the National Fish and Wildlife Foundation Establishment Act to increase the number of members of the National Fish and Wildlife Foundation's Board of Directors.  Provides for four directors experienced in ocean and coastal resources conservation and adds the Under Secretary for Commerce for Oceans and Atmosphere as a nonvoting member. 
Expands Foundation powers to include the right to:  (1) invest and deposit Federal funds; and (2) provide Federal funds to enter into agreements with private landowners for fish, wildlife, and natural resource restoration and enhancement on public and private lands. 
Revises certain limitations on the use of Federal funds by the Foundation to acquire interests in, convey, or grant such funds to another for, real property to allow such activities if the Foundation notifies the Federal agency that administers the program under which the funds were provided of the proposed activity and the agency fails to object within a certain time period. 
Removes a limitation on the condemnation of Foundation lands by State or local entities.  Prohibits the use of Foundation grants for litigation expenses, activities to influence legislation pending before the Congress, or for activities related to the introduction of wolves or grizzly bears in Idaho, Montana, Utah, or Wyoming. 
Extends the authorization of appropriations for the Foundation through FY 1999. 
Repeals a provision that states that amounts authorized under the Act are in addition to any provided for the Foundation under other Federal laws.

[EX Q]: TITLE I--OVERTIME RIGHTS PROTECTION

SEC. 101. CLARIFICATION OF REGULATIONS RELATING TO OVERTIME 
              COMPENSATION.

    Section 13 of the Fair Labor Standards Act of 1938 (29 U.S.C. 213) 
is amended by adding at the end the following:
    ``(k)(1) Notwithstanding the provisions of subchapter II of chapter 
5 and chapter 7 of title 5, United States Code (commonly referred to as 
the Administrative Procedures Act) or any other provision of law, any 
portion of the final rule promulgated on April 23, 2004, revising part 
541 of title 29, Code of Federal Regulations, that exempts from the 
overtime pay provision of section 7 of this Act any employee who would 
not otherwise be exempt if the regulations in effect on March 31, 2003, 
remained in effect, shall have no force or effect and that portion of 
such regulations (as in effect on March 31, 2003) that would prevent 
such employee from being exempt shall be reinstated.
    ``(2) The Secretary shall adjust the minimum salary level for 
exemption under section 13(a)(1) in the following manner:
            ``(A) Not later than 60 days after the date of enactment of 
        this subsection, the Secretary shall increase the minimum 
        salary level for exemption under subsection (a)(1) for 
        executive, administrative, and managerial occupations from the 
        level of $155 per week in 1975 to $591 per week (an amount 
        equal to the increase in the Employment Cost Index (published 
        by the Bureau of Labor Statistics) for executive, 
        administrative, and managerial occupations between 1975 and 
        2005).
            ``(B) Not later than December 31 of the calendar year 
        following the increase required in subparagraph (A), and each 
        December 31 thereafter, the Secretary shall increase the 
        minimum salary level for exemption under subsection (a)(1) by 
        an amount equal to the increase in the Employment Cost Index 
        for executive, administrative, and managerial occupations for 
        the year involved.''.

                      TITLE II--FAIR MINIMUM WAGE

SEC. 111. MINIMUM WAGE.

    (a) In General.--Section 6(a)(1) of the Fair Labor Standards Act of 
1938 (29 U.S.C. 206(a)(1)) is amended to read as follows:
            ``(1) except as otherwise provided in this section, not 
        less than--
                    ``(A) $5.85 an hour, beginning on the 60th day 
                after the date of enactment of this paragraph;
                    ``(B) $6.55 an hour, beginning 12 months after that 
                60th day; and
                    ``(C) $7.25 an hour, beginning 24 months after that 
                60th day;''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect 60 days after the date of enactment of this Act.

  TITLE III--SENSE OF THE SENATE REGARDING MULTIEMPLOYER PENSION PLANS

SEC. 121. SENSE OF THE SENATE REGARDING MULTIEMPLOYER PENSION PLANS.

    (a) Findings.--The Senate makes the following findings:
            (1) Multiemployer pension plans have been a major force in 
        the delivery of employee benefits to active and retired 
        American workers and their dependents for over half a century.
            (2) There are approximately 1,700 multiemployer defined 
        benefit pension plans in which approximately 9,700,000 workers 
        and retirees participate.
            (3) Three-quarters of the approximately 60,000 to 65,000 
        employers that participate in multiemployer plans have fewer 
        that 100 employees.
            (4) Multiemployer plans allow for greater access and 
        affordability for smaller employers and pension portability for 
        their employees as they move from one job to another, and 
        permit workers to earn a pension where they might otherwise not 
        be able to do so.
            (5) The 2000-2002 drop in the stock market and decline in 
        equity values has affected all investors, including 
        multiemployer plans.
            (6) The decline in value sustained by multiemployer defined 
        benefit pension plans have threatened the stability of this 
        private sector source of secure retirement income.
            (7) Participating employers could face onerous excise taxes 
        and other penalties as a result of the serious, adverse 
        financial impact due to these market losses.
            (8) In 2004, the United States Senate recognized the 
        severity of this situation and passed by an overwhelmingly, 
        large bipartisan margin of 86 to 9 temporary relief provisions 
        for single and multiemployer defined benefit pension plans.
    (b) Sense of the Senate.--It is the sense of the Senate that the 
Senate--
            (1) expresses its strong support for multiemployer defined 
        benefit pension plans;
            (2) recognizes the importance of an environment in which 
        multiemployer plans can continue their vital role in providing 
        benefits to working men and women;
            (3) recognizes that multiemployer pension plan relief must 
        be designed for the multiemployer labor-relations environment 
        that supports the plans; and
            (4) supports legislation to strengthen and protect the 
        viability of multiemployer pension plans for the continued 
        benefit of current and retired members, and their families and 
        survivors, and to strengthen the ability of all plans to 
        address funding problems that occur.
[EX A]: Amends the Fair Labor Standards Act of 1938 (FLSA) to deny any force or effect to any portion of a rule promulgated on April 23, 2004, that has the effect of exempting from FLSA overtime compensation requirements (which limit maximum hours at regular compensation) any employee who would not otherwise be exempted if regulations in effect on March 31, 2003, remained in effect. Reinstates that portion of such regulations that would prevent such an employee from being exempt. Directs the Secretary of Labor to increase, in a specified manner, the minimum salary level for the exemption for executive, administrative, and managerial occupations from FLSA overtime compensation requirements.

Amends the FLSA to increase the Federal minimum wage to: (1) $5.85 an hour, beginning on the 60th day after enactment of this Act; (2) $6.55 an hour, beginning 12 months after that 60th day; and (3) $7.25 an hour, beginning 24 months after that 60th day.

Expresses the sense of the Senate regarding multiemployer pension plans.

[EX Q]: SECTION 1. 100-PERCENT CAPITAL GAIN EXCLUSION FOR INDIVIDUALS.

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

``SEC. 1202. DEDUCTION FOR CAPITAL GAINS.

    ``(a) Allowance of Deduction.--If for any taxable year a taxpayer 
other than a corporation has a net capital gain, 100 percent of the 
amount of the net capital gain shall be a deduction from gross income.
    ``(b) Estates and Trusts.--In the case of an estate or trust, the 
deduction under subsection (a) shall be computed by excluding the 
portion (if any) of the gains for the taxable year from sales or 
exchanges of capital assets which, under sections 652 and 662 (relating 
to inclusions of amounts in gross income of beneficiaries of trusts), 
is includible by the income beneficiaries as gain derived from the sale 
or exchange of capital assets.
    ``(c) Transitional Rule.--
            ``(1) In general.--In the case of a taxable year which 
        includes January 1, 1995--
                    ``(A) the amount taken into account as the net 
                capital gain under subsection (a) shall not exceed the 
                net capital gain determined by only taking into account 
                gains and losses properly taken into account for the 
                portion of the taxable year on or after January 1, 
                1995, and
                    ``(B) if the net capital gain for such year exceeds 
                the amount taken into account under subsection (a), the 
                rate of tax imposed by section 1 on such excess shall 
                not exceed 28 percent.
            ``(2) Special rules for pass-thru entities.--
                    ``(A) In general.--In applying paragraph (1) with 
                respect to any pass-thru entity, the determination of 
                when gains and losses are properly taken into account 
                shall be made at the entity level.
                    ``(B) Pass-thru entity defined.--For purposes of 
                subparagraph (A), the term `pass-thru entity' means--
                            ``(i) a regulated investment company,
                            ``(ii) a real estate investment trust,
                            ``(iii) an S corporation,
                            ``(iv) a partnership,
                            ``(v) an estate or trust, and
                            ``(vi) a common trust fund.''
    (b) Deduction Allowable in Computing Adjusted Gross Income.--
Subsection (a) of section 62 of such Code is amended by inserting after 
paragraph (15) the following new paragraph:
            ``(16) Capital gains of individuals.--The deduction allowed 
        by section 1202.''
    (c) Conforming Amendments.--
            (1) Section 13113 of the Revenue Reconciliation Act of 1993 
        (relating to 50-percent exclusion for gain from certain small 
        business stock), and the amendments made by such section, are 
        hereby repealed; and the Internal Revenue Code of 1986 shall be 
        applied as if such section (and amendments) had never been 
        enacted.
            (2) Subsection (h) of section 1 of such Code is hereby 
        repealed.
            (3)(A) Section 170(e)(1)(B) of such Code is amended by 
        inserting ``by a corporation'' after ``a charitable 
        contribution''.
            (4)(A) Section 172(d)(2) of such Code (relating to 
        modifications with respect to net operating loss deduction) is 
        amended to read as follows:
            ``(2) Capital gains and losses of taxpayers other than 
        corporations.--In the case of a taxpayer other than a 
        corporation--
                    ``(A) the amount deductible on account of losses 
                from sales or exchanges of capital assets shall not 
                exceed the amount includible on account of gains from 
                sales or exchanges of capital assets; and
                    ``(B) the deduction provided by section 1202 shall 
                not be allowed.''
            (B) Subparagraph (B) of section 172(d)(4) of such Code is 
        amended by inserting ``, (2)(B),'' after ``paragraph (1)''.
            (5)(A) Section 221 of such Code (relating to cross 
        reference) is amended to read as follows:

``SEC. 221. CROSS REFERENCES.

                                ``(1) For deduction for net capital 
gain, see section 1202.  
                                ``(2) For deductions in respect of a 
decedent, see section 691.''
            (B) The table of sections for part VII of subchapter B of 
        chapter 1 of such Code is amended by striking ``reference'' in 
        the item relating to section 221 and inserting ``references''.
            (6) Paragraph (4) of section 642(c) of such Code is amended 
        to read as follows:
            ``(4) Adjustments.--To the extent that the amount otherwise 
        allowable as a deduction under this subsection consists of gain 
        from the sale or exchange of capital assets held for more than 
        1 year, proper adjustment shall be made for any deduction 
        allowable to the estate or trust under section 1202 (relating 
        to deduction for net capital gain). In the case of a trust, the 
        deduction allowed by this subsection shall be subject to 
        section 681 (relating to unrelated business income).''
            (7) Paragraph (3) of section 643(a) of such Code is amended 
        by adding at the end thereof the following new sentence: ``The 
        deduction under section 1202 (relating to deduction for net 
        capital gain) shall not be taken into account.''
            (8) Paragraph (6)(C) of section 643(a) of such Code is 
        amended--
                    (A) by inserting ``(i)'' before ``there'', and
                    (B) by inserting ``, and (ii) the deduction under 
                section 1202 (relating to deduction for excess of 
                capital gains over capital losses) shall not be taken 
                into account'' before the period at the end thereof.
            (9) Paragraph (4) of section 691(c) of such Code is amended 
        by striking ``1(h), 1201'' and inserting ``1201, 1202,''.
            (10) The second sentence of paragraph (2) of section 871(a) 
        of such Code is amended by inserting ``such gains and losses 
        shall be determined without regard to section 1202 (relating to 
        deduction for net capital gain) and'' after ``except that''.
            (11)(A) Subparagraph (B) of section 904(b)(2) of such Code 
        is amended by striking so much of such subparagraph as precedes 
        clause (i) and inserting the following:
                    ``(B) Special rules where corporate capital rate 
                gain differential.--In the case of a corporation, for 
                any taxable year for which there is a capital gain rate 
                differential--''.
            (B) Subparagraphs (D) and (E) of section 904(b)(3) are 
        amended to read as follows:
                    ``(D) Capital gain rate differential.--There is a 
                capital gain rate differential for any taxable year if 
                any rate of tax imposed by section 11, 511, or 831(a) 
                or (b) (whichever applies) exceeds the alternative rate 
                of tax under section 1201(a) (determined without regard 
                to the last sentence of section 11(b)(1)).
                    ``(E) Rate differential portion.--The rate 
                differential portion of foreign source net capital 
                gain, net capital, or the excess of net capital gain 
                from sources within the United States over net capital 
                gain, as the case may be, is the same proportion of 
                such amount as--
                            ``(i) the excess of the highest rate of tax 
                        specified in section 11(b)(1) over the 
                        alternative rate of tax under section 1201(a), 
                        bears to
                            ``(ii) the highest rate of tax specified in 
                        section 11(b)(1).''
            (12) Subsection (d) of section 1044 of such Code is amended 
        by striking the last sentence.
            (13) Section 1402(i)(1) of such Code is amended to read as 
        follows:
            ``(1) In general.--In determining the net earnings from 
        self-employment of any options dealer or commodities dealer--
                    ``(A) notwithstanding subsection (a)(3)(A), there 
                shall not be excluded any gain or loss (in the normal 
                course of the taxpayer's activity of dealing in or 
                trading section 1256 contracts) from section 1256 
                contracts or property related to such contracts, and
                    ``(B) the deduction provided by section 1202 shall 
                not apply.''
    (d) Clerical Amendment.--The table of sections for part I of 
subchapter P of chapter 1 of such Code is amended by adding at the end 
thereof the following new item:

                              ``Sec. 1202. Deduction for capital 
                                        gains.''
    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after December 31, 1994.
[EX A]:
Amends the Internal Revenue Code to allow a taxpayer other than a corporation a 100 percent deduction of net capital gain from gross income.  Allows such deduction in computing adjusted gross income.