TASK DEFINITION: In this task, you are given a summary for US Congressional and California state bill, your task is to generate a Title for this bill. The preferred titles are under forty words and mention the purpose of the bill.
PROBLEM: Rare Earths and Critical Materials Revitalization Act of 2010 - Title I: Rare Earth Materials - (Sec. 101) Establishes in the Department of Energy (DOE) a research, development, and commercial application program to assure the long-term, secure, and sustainable supply of specified rare earth materials to satisfy the national security, economic well-being, and industrial production needs of the United States.

Directs the Secretary of Energy (Secretary) to: (1) support new or significantly improved processes and technologies (as compared to those currently in use in the rare earth materials industry); (2) encourage multidisciplinary collaborations and opportunities for students at institutions of higher education; (3) collaborate with relevant agencies of foreign countries with interests relating to rare earth materials; and (4) submit an implementation plan to Congress.

Requires the Secretary to offer to contract with the National Academy of Sciences for an assessment of the program after it has been in operation for four years.

(Sec. 102) Amends the Energy Policy Act of 2005 to authorize the Secretary through FY 2015, only to the extent provided in advance in a subsequent appropriations Act, to make loan guarantee commitments for the commercial application of new or significantly improved technologies for specified categories of projects, including: (1) separation and recovery of rare earth materials from ores or other sources; (2) preparation of rare earth materials in oxide, metal, alloy, or other forms needed for national security, economic well-being, or industrial production purposes; and (3) application of rare earth materials in the production of improved magnets, batteries, refrigeration systems, optical systems, electronics, and catalysis, among other uses.

Directs the Secretary to cooperate with appropriate private sector participants to achieve a complete rare earth materials production capability in the United States within five years after enactment of this Act.

Prohibits the Secretary from awarding a loan guarantee for a project unless the project's proponent provides assurances that the loan or guarantee shall be used to support the separation, recovery, preparation, or manufacturing of rare earth materials in the United States for customers within the United States, unless insufficient domestic demand for such materials results in excess capacity.

Title II: National Materials and Minerals Policy, Research, and Development - (Sec. 201) Amends the National Materials and Minerals Policy, Research and Development Act of 1980 to: (1) instruct the Director of the Office of Science and Technology Policy to coordinate federal materials research and development through the National Science and Technology Council (instead of the Federal Coordinating Council for Science, Engineering, and Technology, which is now defunct); and (2) repeal specified reporting and action requirements for the Secretaries of Defense and of the Interior, respectively.

(Sec. 202) Repeals the National Critical Materials Act of 1984.

SOLUTION: To develop a rare earth materials program, to amend the National Materials and Minerals Policy, Research and Development Act of 1980, and for other purposes.

PROBLEM: Smarter Approach to Nuclear Expenditures Act This bill prohibits the obligation or expenditure of Department of Defense (DOD) funds: (1) for procuring more than eight Columbia-class submarines; (2) to maintain more than 150 deployed intercontinental ballistic missiles; or (3) through FY2024, for the research, development, test, and evaluation (RDT&amp;E) or the procurement of the B-21 long-range penetrating bomber aircraft. The bill prohibits the obligation or expenditure of DOD or Department of Energy (DOE) funds:   to maintain more than 1,000 deployed strategic warheads, as counted under the New START Treaty;   to make the F-35 Joint Strike Fighter aircraft capable of carrying nuclear weapons;  for extending the life of tactical versions of the B61 gravity bomb;  for the RDT&amp;E or procurement of a new air-launched cruise missile or for the W80 warhead life extension program;  for the RDT&amp;E or procurement of the ground-based strategic deterrent or any new intercontinental ballistic missile;  for the IW-1 life extension program;  for the Mixed Oxide Fuel Fabrication Facility project at the Savannah River Site, Aiken, South Carolina; or  for the Uranium Processing Facility located at the Y-12 National Security Complex, Oak Ridge, Tennessee.  DOD and DOE must report to Congress on the plans for, and the estimated cost savings from, carrying out this bill.

SOLUTION: Smarter Approach to Nuclear Expenditures Act

PROBLEM: Small Business Pension Promotion Act of 2011 - Authorizes the Secretary of the Treasury to take steps to address any significant and broadly applicable decrease in the value of investments held by defined contribution plans and individual retirement accounts (IRAs), including by allowing: (1) taxpayers to use a later asset valuation date than otherwise required, and (2) additional time for making distributions from such plans and accounts.

Amends the Internal Revenue Code to: (1) allow a deduction in computing the net earnings from self-employment income for pension and IRA contributions, (2) allow a determination of the adjusted funding target attainment percentage for tax-exempt retirement plans without regard to the reduction for credit balances for funding-based limits on benefits under single employer plans, (3) repeal the excise tax on nondeductible contributions to qualified employer plans, and (4) provide a  special rule for determining normal retirement age for certain existing defined benefit plans. Makes conforming amendments to the Employee Retirement Income Security Act (ERISA).

Requires the Secretary to revise administrative rules governing interim amendments of qualified pension plans to provide greater flexibility and reduce plan sponsor burden.

SOLUTION:
To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to reduce administrative burdens and encourage retirement plan formation and retention.