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 ``State Business Law Conformity Act of 
2004''.

SEC. 2. REFERENCES TO GENERAL PARTNERS.

    (a) Exclusion of Certain Active Businesses From at Risk Rules.--
Subclause (I) of section 465(c)(7)(D)(ii) of the Internal Revenue Code 
of 1986 (defining qualified corporate partner) is amended to read as 
follows:
                                    ``(I) such corporation is not 
                                prohibited or limited under State law 
                                from participation in the management or 
                                business of the partnership.''.
    (b) Payments to Retiring Partners.--Subparagraph (B) of section 
736(b)(3) of such Code (relating to limitation on application of 
paragraph (2)) is amended to read as follows:
                    ``(B) any portion of the retiring or deceased 
                partner's distributive share of partnership income was 
                subject to tax under section 1401.''.
    (c) Foreign Currency Transactions.--Subclause (I) of section 
988(c)(1)(E)(v) of such Code is amended to read as follows:
                                    ``(I) Certain general partners.--
                                The interest of a partner in the 
                                partnership shall not be treated as 
                                failing to meet the 20-percent 
                                ownership requirements of clause 
                                (iii)(I) for any taxable year of the 
                                partnership if for the taxable year of 
                                the partner in which such partnership 
                                taxable year ends--
                                            ``(aa) the partner is not 
                                        limited as to participation in 
                                        the management or activity of 
                                        the qualified fund, and
                                            ``(bb) such partner (and 
                                        each corporation filing a 
                                        consolidated return with such 
                                        partner) had no ordinary income 
                                        or loss from a section 988 
                                        transaction which is foreign 
                                        currency gain or loss (as the 
                                        case may be).''.
    (d) Special Valuation Rules for Generation-Skipping Tax.--Clause 
(ii) of section 2701(b)(2)(B) of such Code (relating to partnerships) 
is amended to read as follows:
                            ``(ii) in the case of a limited 
                        partnership, the holding of any interest as a 
                        partner who is not limited as to participation 
                        in management or activity of the 
                        partnership.''.
    (e) Tax Matters Partner.--Paragraph (7) of section 6231(a) of such 
Code (defining tax matters partner) is amended to read as follows:
            ``(7) Tax matters partner.--
                    ``(A) In general.--The tax matters partner of any 
                partnership is--
                            ``(i) the partner designated as the tax 
                        matters partner as provided in regulations, or
                            ``(ii) if there is no partner who has been 
                        so designated, the partner having the largest 
                        profits interest in the partnership at the 
                        close of the taxable year involved (or, where 
                        there is more than 1 such partner, the 1 of 
                        such partners whose name would appear first in 
                        an alphabetical listing).
                    ``(B) Selection by secretary.--If there is no 
                partner designated under subparagraph (A)(i) and the 
                Secretary determines that it is impracticable to apply 
                subparagraph (A)(ii), the partner selected by the 
                Secretary shall be treated as the tax matters partner. 
                The Secretary shall, within 30 days of selecting a tax 
                matters partner under the preceding sentence, notify 
                all partners required to receive notice under section 
                6223(a) of the name and address of the person selected.
                    ``(C) Restriction on designation of partner.--A 
                partner may not be designated as a tax matters partner 
                under subparagraph (A)(i) unless such partner is not 
                limited as to participation in management or activity 
                of the partnership.''.
    (f) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2004.

SEC. 3. REFERENCES TO LIMITED PARTNERS.

    (a) Limited Entrepreneur.--
            (1) In general.--Subparagraph (A) of section 464(e)(2) of 
        the Internal Revenue Code of 1986 (defining limited 
        entrepreneur) is amended by striking ``other than as a limited 
        partner''.
            (2) Conforming amendments.--
                    (A) Section 464(c) of such Code is amended--
                            (i) by striking ``limited partners or'' in 
                        paragraph (1)(B),
                            (ii) by striking ``a limited partner or'' 
                        in paragraph (2).
                    (B) Section 1256 of such Code is amended--
                            (i) by striking ``limited partners or'' 
                        each place it appears in subsections (e)(3)(B) 
                        and (f)(4),
                            (ii) by striking ``a limited partner or'' 
                        in subsection (e)(3)(C), and
                            (iii) by striking ``limited partner or'' 
                        both places it appears in the heading and text 
                        of subsection (e)(4)(A)(i).
                    (C) Section 1258(d)(5)(C) of such Code is amended--
                            (i) by striking ``limited partner or'' in 
                        the matter preceding subclause (i),
                            (ii) by striking ``limited partner's (or 
                        limited entrepreneur's) in subclause (i) and 
                        inserting ``limited entrepreneur's'', and
                            (iii) by striking ``partners and limited'' 
                        in the heading.
    (b) Passive Loss Rules.--
            (1) Subsection (h) of section 469 of such Code is amended 
        by striking paragraph (2) and by redesignating paragraphs (3), 
        (4), and (5) as paragraphs (2), (3), and (4), respectively.
            (2) Subparagraph (A) of section 469(c)(7) of such Code is 
        amended by striking the last sentence.
            (3) Paragraph (6) of section 469(i) of such Code is amended 
        by striking subparagraph (C) and by redesignating subparagraph 
        (D) as subparagraph (C).
            (4) Subsection (f) of section 772 of such Code (relating to 
        special rules for applying passive loss limitations) is amended 
        to read as follows:
    ``(f) Special Rules for Applying Passive Loss Limitations.--
            ``(1) In general.--If any person holds an interest in an 
        electing large partnership other than as a partner described in 
        paragraph (3)--
                    ``(A) paragraph (2) of subsection (c) shall not 
                apply to such partner, and
                    ``(B) such partner's distributive share of the 
                partnership items allocable to passive loss limitation 
                activities shall be taken into account separately to 
                the extent necessary to comply with the provisions of 
                section 469.
            ``(2) Exception.--Paragraph (1) shall not apply to any 
        items allocable to an interest held as a partner described in 
        paragraph (3).
            ``(3) Partner described.--For purposes of this subsection, 
        a partner is described in this paragraph if the partner is a 
        person whose participation in the management or business 
        activity of the partnership is limited under applicable State 
        law.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2004.

SEC. 4. PARTNERSHIP INCOME ATTRIBUTABLE TO CAPITAL EXCLUDED FROM NET 
              EARNINGS FROM SELF-EMPLOYMENT.

    (a) In General.--Paragraph (13) of section 1402(a) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(13) there shall be excluded the distributive share of 
        net income of a partner attributable to capital;''.
    (b) Partnership Income Attributable to Capital.--Section 1402 of 
such Code is amended by adding at the end the following new subsection:
    ``(l) Partnership Income Attributable to Capital.--
            ``(1) In general.--For purposes of subsection (a)(13), the 
        following amounts shall be treated as income attributable to 
        capital--
                    ``(A) the amount, if any, in excess of what would 
                constitute reasonable compensation for services 
                rendered by such partner to the partnership, and
                    ``(B) an amount equal to a reasonable rate of 
                return on unreturned capital of the partner determined 
                as of the beginning of the taxable year.
            ``(2) Definitions.--For purposes of paragraph (1)--
                    ``(A) Unreturned capital.--The term `unreturned 
                capital' means the excess of the aggregate amount of 
                money and the fair market value as of the date of 
                contribution of other consideration (net of 
                liabilities) contributed by the partner over the 
                aggregate amount of money and the fair market value as 
                of the date of distribution of other consideration (net 
                of liabilities) distributed by the partnership to the 
                partner, increased or decreased for the partner's 
                distributive share of all reportable items as 
                determined in section 702. If the partner acquires a 
                partnership interest and the partnership makes an 
                election under section 754, the partner's unreturned 
                capital shall take into account appropriate adjustments 
                under section 743.
                    ``(B) Reasonable rate of return.--A reasonable rate 
                of return on unreturned capital shall equal 150 percent 
                (or such higher rate as is established in regulations) 
                of the highest applicable Federal rate, as determined 
                under section 1274(d)(1), at the beginning of the 
                partnership's taxable year.
            ``(3) Regulations.--The Secretary shall prescribe such 
        regulations as may be necessary to carry out the purposes of 
        this subsection.''.
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to services performed in taxable years beginning 
after December 31, 2004.

SEC. 5. REPEAL OF ABILITY TO ELECT LARGE PARTNERSHIP REPORTING RULES.

    (a) In General.--Paragraph (2) of section 775(a) of the Internal 
Revenue Code of 1986 (relating to election) is amended by adding at the 
end the following: ``No election under this subsection shall be made 
after December 31, 2004.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to partnership taxable years beginning after December 31, 2004.

A: State Business Law Conformity Act of 2004 - Amends the Internal Revenue Code to: (1) revise certain partnership tax definitions and rules relating to general and limited partners; (2) exclude from net earnings from self-employment partnership income attributable to capital; and (3) repeal, after 2004, the election to apply large partnership (100 partners or more) tax rules.
****
Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Government Accountability Office 
Improvement Act of 2008''.

SEC. 2. AUTHORITY TO OBTAIN RECORDS.

    (a) Authority To Obtain Records.--Section 716 of title 31, United 
States Code, is amended in subsection (a)--
            (1) by striking ``(a)'' and inserting ``(2)''; and
            (2) by inserting after the section heading the following:
    ``(a)(1) The Comptroller General is authorized to obtain such 
agency records as the Comptroller General requires to discharge his 
duties (including audit, evaluation, and investigative duties), 
including through the bringing of civil actions under this section. In 
reviewing a civil action under this section, the court shall recognize 
the continuing force and effect of the authorization in the preceding 
sentence until such time as the authorization is repealed pursuant to 
law.''.
    (b) Interviews.--Section 716(a) of title 31, United States Code, as 
amended by subsection (a), is further amended in the second sentence of 
paragraph (2) by inserting ``and interview agency officers and 
employees'' after ``agency record''.

SEC. 3. ADMINISTERING OATHS.

    Section 711 of title 31, United States Code, is amended by striking 
paragraph (4) and inserting the following:
            ``(4) administer oaths to witnesses, except that, in 
        matters other than auditing and settling accounts, the 
        authority of an officer or employee to administer oaths to 
        witnesses pursuant to a delegation under paragraph (2) shall 
        not be available without the prior express approval of the 
        Comptroller General (or a designee).''.

SEC. 4. ACCESS TO CERTAIN INFORMATION.

    (a) Access to Certain Information.--Subchapter II of chapter 7 of 
title 31, United States Code, is amended by adding at the end the 
following:
``Sec. 721. Access to certain information
    ``(a) No provision of the Social Security Act shall be construed to 
limit, amend, or supersede the authority of the Comptroller General to 
obtain any information, to inspect any record, or to interview any 
officer or employee under section 716 of this title, including with 
respect to any information disclosed to or obtained by the Secretary of 
Health and Human Services under part C or D of title XVIII of the 
Social Security Act.
    ``(b) No provision of the Federal Food, Drug, and Cosmetic Act 
shall be construed to limit, amend, or supersede the authority of the 
Comptroller General to obtain any information, to inspect any record, 
or to interview any officer or employee under section 716 of this 
title, including with respect to any information concerning any method 
or process which as a trade secret is entitled to protection.
    ``(c) No provision of the Hart-Scott-Rodino Antitrust Improvements 
Act of 1976 and the amendments made by that Act shall be construed to 
limit, amend, or supersede the authority of the Comptroller General to 
obtain any information, to inspect any record, or to interview any 
officer or employee under section 716 of this title, including with 
respect to any information disclosed to the Assistant Attorney General 
of the Antitrust Division of the Department of Justice or the Federal 
Trade Commission for purposes of pre-merger review under section 7A of 
the Clayton Act (15 U.S.C. 18a).
    ``(d)(1) The Comptroller General shall prescribe such policies and 
procedures as are necessary to protect from public disclosure 
proprietary or trade secret information obtained consistent with this 
section.
    ``(2) Nothing in this section shall be construed--
            ``(A) to alter or amend the prohibitions against the 
        disclosure of trade secret or other sensitive information 
        prohibited by section 1905 of title 18 and other applicable 
        laws; or
            ``(B) to affect the applicability of section 716(e) of this 
        title, including the protections against unauthorized 
        disclosure contained in that section, to information obtained 
        consistent with this section.''.
    (b) Clerical Amendment.--The analysis for chapter 7 of title 31, 
United States Code, is amended by inserting after the item relating to 
section 720 the following:

``721. Access to certain information.''.

SEC. 5. COMPTROLLER GENERAL REPORTS.

    Section 719 of title 31, United States Code, is amended--
            (1) in subsection (b)(1)(B), by striking ``and'' at the 
        end;
            (2) in subsection (b)(1)(C), by striking the period at the 
        end and inserting ``; and'';
            (3) by adding at the end of subsection (b)(1) the 
        following:
            ``(D) for agencies subject to sections 901 to 903 and other 
        agencies designated by the Comptroller General, an assessment 
        of their overall degree of cooperation in making personnel 
        available for interview, providing written answers to 
        questions, submitting to an oath authorized by the Comptroller 
        General under section 711, granting access to records, 
        providing timely comments to draft reports, adopting 
        recommendations in reports and responding to such other matters 
        as the Comptroller General deems appropriate.'';
            (4) in subsection (c)(2)(B), by striking ``and'' at the 
        end;
            (5) in subsection (c)(3), by striking the period at the end 
        and inserting ``; and'', and
            (6) by adding at the end of subsection (c) the following:
            ``(4) as soon as practicable when an agency does not, 
        within a reasonable time, respond to a request by the 
        Comptroller General regarding any matter described in 
        subsection (b)(1)(D).''.

            Passed the House of Representatives July 29, 2008.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.

A: Government Accountability Office Improvement Act of 2008 - Authorizes the Comptroller General to: (1) obtain federal agency records required to discharge his or her duties, including through bringing civil actions under this Act; (2) interview agency officers and employees to get information about agency duties, powers, activities, organization, and financial transactions; and (3) administer oaths to witnesses (currently, the Comptroller General may administer oaths to witnesses when auditing and settling accounts).

Requires the Comptroller General to prescribe such policies and procedures as are necessary to protect from public disclosure proprietary or trade secret information obtained under this Act.

Declares that no provision of the Social Security Act, the Federal Food, Drug, and Cosmetic Act, or the Hart-Scott-Rodino Antitrust Improvements Act of 1976 shall be construed to limit, amend, or supersede the authority of the Comptroller General to obtain information, inspect records, or interview specified agency officers or employees, including with respect to: (1) information disclosed to or obtained by the Secretary of Health and Human Services under the Social Security Act; (2) information concerning any method or process protected as a trade secret; and (3) information disclosed to the Assistant Attorney General of the Antitrust Division of the Department of Justice (DOJ) or the Federal Trade Commission (FTC) for purposes of pre-merger review under the Clayton Act. Declares that this Act shall not be construed to: (1) alter or amend the prohibitions against the disclosure of trade secret or other sensitive information; and (2) affect the applicability of requirements governing the availability of agency information to information obtained.

Requires the Comptroller General to: (1) report annually on the cooperation of agencies subject to the Chief Financial Officers Act of 1990 and other agencies designated by the Comptroller General in making personnel available for interviews, providing written answers to questions, submitting to an oath authorized by the Comptroller General, granting access to records, providing timely comments to draft reports, adopting report recommendations, and responding to such matters as the Comptroller General deems appropriate; and (2) report to Congress when agencies do not respond to requests regarding such matters.
****
Q: SECTION. 1. LAW ENFORCEMENT AUTHORITY AT BUREAU OF RECLAMATION 
              FACILITIES.

    (a) Public Safety Regulations.--The Secretary of the Interior shall 
issue regulations necessary to maintain law and order and protect 
persons and property within Reclamation projects and on Reclamation 
lands.
    (b) Violations; Criminal Penalties.--Any person who knowingly and 
willfully violates any regulation issued under subsection (a) shall be 
fined under chapter 227, subchapter C of title 18, United States Code, 
imprisoned for not more than 6 months, or both. Any person charged with 
a violation of a regulation issued under subsection (a) may be tried 
and sentenced by any United States magistrate judge designated for that 
purpose by the court by which he was appointed, in the same manner and 
subject to the same conditions and limitations as provided for in 
section 3401 of title 18, United States Code.
    (c) Authorization of Law Enforcement Officers.--The Secretary of 
the Interior may--
        (1) authorize law enforcement personnel from the Department of 
    the Interior to act as law enforcement officers to enforce Federal 
    laws and regulations within a Reclamation project or on Reclamation 
    lands;
        (2) authorize law enforcement personnel of any other Federal 
    agency that has law enforcement authority (with the exception of 
    the Department of Defense) or law enforcement personnel of any 
    State or local government, including an Indian tribe, when deemed 
    economical and in the public interest, through cooperative 
    agreement or contract, to act as law enforcement officers to 
    enforce Federal laws and regulations within a Reclamation project 
    or on Reclamation lands with such enforcement powers as may be so 
    assigned to them by the Secretary;
        (3) cooperate with any State or local government, including an 
    Indian tribe, in the enforcement of the laws or ordinances of that 
    State or local government; and
        (4) provide reimbursement to a State or local government, 
    including an Indian tribe, for expenditures incurred in connection 
    with activities under paragraph (2).
    (d) Powers of Law Enforcement Officers.--A law enforcement officer 
authorized by the Secretary of the Interior under subsection (c) may--
        (1) carry firearms within a Reclamation project or on 
    Reclamation lands;
        (2) make arrests without warrants for--
            (A) any offense against the United States committed in his 
        presence; or
            (B) any felony cognizable under the laws of the United 
        States if he has--
                (i) reasonable grounds to believe that the person to be 
            arrested has committed or is committing such a felony; and
                (ii) such arrest occurs within a Reclamation project or 
            on Reclamation lands or the person to be arrested is 
            fleeing therefrom to avoid arrest;
        (3) execute within a Reclamation project or on Reclamation 
    lands any warrant or other process issued by a court or officer of 
    competent jurisdiction for the enforcement of the provisions of any 
    Federal law or regulation issued pursuant to law for any offense 
    committed within a Reclamation project or on Reclamation lands; and
        (4) conduct investigations within a Reclamation project or on 
    Reclamation lands of offenses against the United States committed 
    within a Reclamation project or on Reclamation lands if the Federal 
    law enforcement agency having investigative jurisdiction over the 
    offense committed declines to investigate the offense.
    (e) Legal Status of State or Local Law Enforcement Officers.--
        (1) State or local officers not federal employees.--Except as 
    otherwise provided in this section, a law enforcement officer of 
    any State or local government, including an Indian tribe, 
    authorized to act as a law enforcement officer under subsection (c) 
    shall not be deemed to be a Federal employee and shall not be 
    subject to the provisions of law relating to Federal employment, 
    including those relating to hours of work, rates of compensation, 
    employment discrimination, leave, unemployment compensation, and 
    Federal benefits.
        (2) Application of federal tort claims act.--For purposes of 
    chapter 171 of title 28, United States Code (commonly known as the 
    Federal Tort Claims Act), a law enforcement officer of any State or 
    local government, including an Indian tribe, shall, when acting as 
    a law enforcement officer under subsection (c) and while under 
    Federal supervision and control, and only when carrying out Federal 
    law enforcement responsibilities, be considered a Federal employee.
        (3) Availability of workers compensation.--For purposes of 
    subchapter I of chapter 81 of title 5, United States Code, relating 
    to compensation to Federal employees for work injuries, a law 
    enforcement officer of any State or local government, including an 
    Indian tribe, shall, when acting as a law enforcement officer under 
    subsection (c) and while under Federal supervision and control, and 
    only when carrying out Federal law enforcement responsibilities, be 
    deemed a civil service employee of the United States within the 
    meaning of the term employee as defined in section 8101 of title 5, 
    and the provisions of that subchapter shall apply. Benefits under 
    such subchapter shall be reduced by the amount of any entitlement 
    to State or local workers compensation benefits arising out of the 
    same injury or death.
    (f) Concurrent Jurisdiction.--Nothing in this section shall be 
construed or applied to limit or restrict the investigative 
jurisdiction of any Federal law enforcement agency, or to affect any 
existing right of a State or local government, including an Indian 
tribe, to exercise civil and criminal jurisdiction within a Reclamation 
project or on Reclamation lands.
    (g) Regulations.--Except for the authority provided in section 
2(c)(1), the law enforcement authorities provided for in this section 
may be exercised only pursuant to regulations issued by the Secretary 
of the Interior and approved by the Attorney General.

SEC. 2. DEFINITIONS.

    In this Act:
        (1) Law enforcement personnel.--The term ``law enforcement 
    personnel'' means an employee of a Federal, State, or local 
    government agency, including an Indian tribal agency, who has 
    successfully completed law enforcement training approved by the 
    Secretary and is authorized to carry firearms, make arrests, and 
    execute service of process to enforce criminal laws of his or her 
    employing jurisdiction.
        (2) Reclamation project; reclamation lands.--The terms 
    ``Reclamation project'' and ``Reclamation lands'' have the meaning 
    given such terms in section 2803 of the Reclamation Projects 
    Authorization and Adjustment Act of 1992 (16 U.S.C. 460l-32).

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

A:
Directs the Secretary of the Interior to issue regulations necessary to maintain law and order and protect persons and property within reclamation projects and on reclamation lands. Prescribes criminal penalties for knowingly and willfully violating such regulations and provides that any person charged with a violation may be tried and sentenced by any U.S. magistrate judge.Authorizes the Secretary of the Interior to: (1) authorize law enforcement personnel of the Department of the Interior, or of any other Federal agency that has law enforcement authority (except the Department of Defense) or of any State or local government, including an Indian tribe, when deemed economical and in the public interest, to enforce Federal laws and regulations on such lands; (2) cooperate with any State or local government in the enforcement of its laws or ordinances; and (3) provide reimbursement to a State or local government for expenditures incurred in enforcing Federal laws and regulations on such lands.Allows such law enforcement officers to carry firearms, make certain arrests without warrants, execute any warrant or other process issued by a court or officer for the enforcement of the provisions of any Federal law or regulation, and conduct investigations on such lands.Provides that State and local officers authorized to act as Federal law enforcement officers under this Act shall not be deemed to be Federal employees, except for purposes of the Federal Tort Claims Act and civil service workers compensation provisions.
****