In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
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Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pay It Back Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the Congressional Budget Office estimates that the 
        deficit for this fiscal year will reach $1.6 trillion or 11 
        percent of the Gross Domestic Product;
            (2) this deficit represents the largest relative deficit 
        since the end of World War II;
            (3) the Congressional Budget Office estimates that the 
        fiscal year 2010 deficit will reach $1.4 trillion; and
            (4) given the choice between forcing our children to pay 
        for the national debt and requiring banks and other 
        beneficiaries of the goodwill of the taxpayer to make a down 
        payment now, we choose to help our kids.

SEC. 3. AMENDMENT TO TARP AUTHORIZATION.

    Section 115(a)(3) of the Emergency Economic Stabilization Act of 
2008 (12 U.S.C. 5225(a)(3)) is amended by striking ``outstanding at any 
one time'' and inserting ``, in the aggregate (or such higher amount, 
in the aggregate, as has been obligated or expended under this Act as 
of the date of enactment of the Pay It Back Act)''.

SEC. 4. REPORT.

    Section 106 of the Emergency Economic Stabilization Act of 2008 (12 
U.S.C. 5216) is amended by inserting at the end the following:
    ``(f) Report.--The Secretary of the Treasury shall report to 
Congress every 6 months on amounts received and transferred to the 
general fund under subsection (d).''.

SEC. 5. AMENDMENTS TO HOUSING AND ECONOMIC RECOVERY ACT OF 2008.

    (a) Sale of Fannie Mae Obligations and Securities by the Treasury; 
Deficit Reduction.--Section 304(g)(2) of the Federal National Mortgage 
Association Charter Act (12 U.S.C. 1719(g)(2)) is amended--
            (1) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) Deficit reduction.--The Secretary of the 
                Treasury shall--
                            ``(i) deposit in the General Fund of the 
                        Treasury any amounts received by the Secretary 
                        for the sale of any obligation or security 
                        acquired by the Secretary under this 
                        subsection; and
                            ``(ii) ensure that such amounts so 
                        deposited--
                                    ``(I) are dedicated for the sole 
                                purpose of deficit reduction; and
                                    ``(II) are prohibited from use as 
                                an offset for other spending increases 
                                or revenue reductions.''.
    (b) Sale of Freddie Mac Obligations and Securities by the Treasury; 
Deficit Reduction.--Section 306(l)(2) of the Federal Home Loan Mortgage 
Corporation Act (12 U.S.C. 1455(l)(2)) is amended--
            (1) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) Deficit reduction.--The Secretary of the 
                Treasury shall--
                            ``(i) deposit in the General Fund of the 
                        Treasury any amounts received by the Secretary 
                        for the sale of any obligation or security 
                        acquired by the Secretary under this 
                        subsection; and
                            ``(ii) ensure that such amounts so 
                        deposited--
                                    ``(I) are dedicated for the sole 
                                purpose of deficit reduction; and
                                    ``(II) are prohibited from use as 
                                an offset for other spending increases 
                                or revenue reductions.''.
    (c) Sale of Federal Home Loan Banks Obligations by the Treasury; 
Deficit Reduction.--Section 11(l)(2) of the Federal Home Loan Bank Act 
(12 U.S.C. 1431(l)(2)) is amended--
            (1) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) Deficit reduction.--The Secretary of the 
                Treasury shall--
                            ``(i) deposit in the General Fund of the 
                        Treasury any amounts received by the Secretary 
                        for the sale of any obligation acquired by the 
                        Secretary under this subsection; and
                            ``(ii) ensure that such amounts so 
                        deposited--
                                    ``(I) are dedicated for the sole 
                                purpose of deficit reduction; and
                                    ``(II) are prohibited from use as 
                                an offset for other spending increases 
                                or revenue reductions.''.
    (d) Repayment of Fees.--Any periodic commitment fee or any other 
fee or assessment paid by the Federal National Mortgage Association or 
Federal Home Loan Mortgage Corporation to the Secretary of the Treasury 
as a result of any preferred stock purchase agreement, mortgage-backed 
security purchase program, or any other program or activity authorized 
or carried out pursuant to the authorities granted to the Secretary of 
the Treasury under the amendments made by section 1117 of the Housing 
and Economic Recovery Act of 2008 (Public Law 110-289; 122 Stat. 2683), 
including any fee agreed to by contract between the Secretary and the 
Association or Corporation, shall be deposited in the General Fund of 
the Treasury where such amounts shall be--
            (1) dedicated for the sole purpose of deficit reduction; 
        and
            (2) prohibited from use as an offset for other spending 
        increases or revenue reductions.

SEC. 6. FEDERAL HOUSING FINANCE AGENCY REPORT.

    The Director of the Federal Housing Finance Agency shall submit to 
Congress a report on the plans of the Agency to continue to support and 
maintain the Nation's vital housing industry, while at the same time 
guaranteeing that the American taxpayer will not suffer unnecessary 
losses.

SEC. 7. REPAYMENT OF UNOBLIGATED ARRA FUNDS.

    (a) Rejection of ARRA Funds by State.--Section 1607 of division A 
of the American Recovery and Reinvestment Act of 2009 (Public Law 111-
5; 123 Stat. 303) is amended by adding at the end the following:
    ``(d) Statewide Rejection of Funds.--If funds provided to any State 
in any division of this Act are not accepted for use by the Governor of 
the State pursuant to subsection (a) or by the State legislature 
pursuant to subsection (b), then all such funds shall be--
            ``(1) rescinded; and
            ``(2) deposited in the General Fund of the Treasury, where 
        such amounts shall be--
                    ``(A) dedicated for the sole purpose of deficit 
                reduction; and
                    ``(B) prohibited from use as an offset for other 
                spending increases or revenue reductions.''.
    (b) Withdrawal or Recapture of Unobligated Funds.--Title XVI of 
division A of the American Recovery and Reinvestment Act of 2009 
(Public Law 111-5; 123 Stat. 302) is amended by adding at the end the 
following:

             ``withdrawal or recapture of unobligated funds

    ``Sec. 1613. Notwithstanding any other provision of this Act, if 
the head of any executive agency withdraws or recaptures for any reason 
funds appropriated or otherwise made available under this division, and 
such funds have not been obligated by a State to a local government or 
for a specific project, such recaptured funds shall be--
            ``(1) rescinded; and
            ``(2) deposited in the General Fund of the Treasury, where 
        such amounts shall be--
                    ``(A) dedicated for the sole purpose of deficit 
                reduction; and
                    ``(B) prohibited from use as an offset for other 
                spending increases or revenue reductions.''.
    (c) Return of Unobligated Funds by End of 2012.--Section 1603 of 
division A of the American Recovery and Reinvestment Act of 2009 
(Public Law 111-5; 123 Stat. 302) is amended--
            (1) by striking ``All funds'' and inserting ``(a) In 
        General.--All funds''; and
            (2) by adding at the end the following:
    ``(b) Repayment of Unobligated Funds.--Any discretionary 
appropriations made available in this division that have not been 
obligated as of December 31, 2012, are hereby rescinded, and such 
amounts shall be deposited in the General Fund of the Treasury, where 
such amounts shall be--
            ``(1) dedicated for the sole purpose of deficit reduction; 
        and
            ``(2) prohibited from use as an offset for other spending 
        increases or revenue reductions.
    ``(c) Presidential Waiver Authority.--
            ``(1) In general.--The President may waive the requirements 
        under subsection (b), if the President determines that it is 
        not in the best interest of the Nation to rescind a specific 
        unobligated amount after December 31, 2012.
            ``(2) Requests.--The head of an executive agency may also 
        apply to the President for a waiver from the requirements under 
        subsection (b).''.

SEC. 8. REDUCTION OF STATUTORY LIMIT ON THE PUBLIC DEBT.

    Section 3101 of title 31, United States Code, is amended--
            (1) in subsection (b), by inserting ``minus the aggregate 
        amounts described in subsection (d)'' before ``, outstanding at 
        one time''; and
            (2) by adding at the end the following:
    ``(d) Amounts described in this subsection are any amounts received 
by the Secretary of the Treasury pursuant to--
            ``(1) section 106(d) of the Emergency Economic 
        Stabilization Act of 2008 before, on, or after the date of 
        enactment of this subsection; and
            ``(2) section 304(g) of the Federal National Mortgage 
        Association Charter Act (12 U.S.C. 1719(g)), section 306(l) of 
        the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 
        1455(l)), section 11(l) of the Federal Home Loan Bank Act (12 
        U.S.C. 1431(l)), section 1607(d) of division A of the American 
        Recovery and Reinvestment Act of 2009 (Public Law 111-5), 
        section 1613 of division A of the American Recovery and 
        Reinvestment Act of 2009 (Public Law 111-5), and sections 5(d) 
        and 7(c) of the Pay It Back Act after the date of enactment of 
        this subsection.''.

Answer: Pay It Back Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to revise the limitation on the authority of the Secretary of the Treasury to purchase troubled assets under the Troubled Asset Relief Program (TARP) to $700 billion outstanding at any one time. Changes the maximum authority to $700 billion, in the aggregate, or such higher amount, in the aggregate, as has been obligated or expended under TARP as of the enactment of this Act.

Requires the Secretary to report to Congress every six months on transfer to the Treasury's General Fund for reduction of the public debt of revenues of, and proceeds from the sale of troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP.

Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Federal Home Loan Bank Act to require the Secretary to deposit in the Treasury solely for debt reduction any amounts received by the Secretary for the sale of any obligation or security acquired from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a Federal Home Loan Bank for secondary market operations. Prohibits the use of any such amounts as an offset for other spending increases or revenue reductions.

Requires deposit in the Treasury solely for debt reduction of any periodic commitment fee or any other fee or assessment paid to the Secretary by Fannie Mae or Freddie Mac as a result of any preferred stock purchase agreement, mortgage-backed security purchase program, or any other program or activity under the Housing and Economic Recovery Act of 2008.

Requires the Director of the Federal Housing Finance Agency (FHFA) to report to Congress on FHFA plans to continue to support and maintain the nation's vital housing industry, while at the same time guaranteeing that the American taxpayer will not suffer unnecessary losses.

Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to require: (1) rescission of any ARRA (stimulus) funds offered to but not accepted by the governor or legislature of a state; and (2) their deposit in the Treasury solely for debt reduction. Requires the same treatment for any funds withdrawn or recaptured by an executive agency head which have not been obligated by a state to a local government or for a specific project.

Rescinds for deposit in the Treasury solely for debt reduction specified discretionary appropriations that have not been obligated as of December 31, 2012.

Lowers the statutory limit on the public debt by the amounts the Secretary receives under this Act for deposit in the Treasury solely for debt reduction.


Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Back to Work Act of 2001''.

SEC. 2. NATIONAL EMERGENCY GRANTS TO RESPOND TO THE TERRORIST ATTACKS 
              OF SEPTEMBER 11, 2001.

    (a) In General.--Section 173(a) of the Workforce Investment Act of 
1998 (29 U.S.C. 2918(a)) is amended--
            (1) in paragraph (2), by striking ``and'' at the end;
            (2) in paragraph (3), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(4) to the Governor of any State who applies for 
        assistance under subsection (f) to provide employment and 
        training assistance to workers affected by major economic 
        dislocations, such as plant closures, mass layoffs, or multiple 
        layoffs, caused by the terrorist attacks of September 11, 
        2001.''.
    (b) Requirements.--Section 173 of the Workforce Investment Act of 
1998 (29 U.S.C. 2918) is amended by adding at the end the following:
    ``(f) Relief for Dislocations Caused by the Terrorist Attacks of 
September 11, 2001.--
            ``(1) Grant recipient eligibility.--To be eligible to 
        receive a grant under subsection (a)(4), a Governor shall 
        submit an application to the Secretary at such time, in such 
        manner, and containing such information as the Secretary may 
        require. Such application shall contain a certification by the 
        Governor that the terrorist attacks of September 11, 2001, 
        contributed importantly to plant closures, mass layoffs of 
        workers, multiple layoffs of workers, or other major economic 
        dislocations in the State.
            ``(2) State administration.--The Governor may designate one 
        or more local workforce investment boards or other entities 
        with the capability to respond to the circumstances relating to 
        the particular closure, layoff, or other dislocation to 
        administer the grant under subsection (a)(4).
            ``(3) Participant eligibility.--
                    ``(A) In general.--An individual shall be eligible 
                to receive assistance described in subparagraph (B) 
                under a grant awarded under subsection (a)(4) if such 
                individual is a dislocated worker and the Governor has 
                certified that the terrorist attacks of September 11, 
                2001, contributed importantly to the dislocation.
                    ``(B) Types of assistance.--Assistance described in 
                this subparagraph is--
                            ``(i) employment and training assistance, 
                        including employment and training activities 
                        described in section 134; and
                            ``(ii) temporary health care coverage 
                        assistance described in paragraph (4).
            ``(4) Temporary health care coverage assistance.--
                    ``(A) In general.--Temporary health care coverage 
                assistance described in this paragraph consists of 
                health care coverage premium assistance provided to 
                qualified individuals under this paragraph.
                    ``(B) Qualified individuals.--For purposes of this 
                paragraph, a qualified individual is an individual 
                who--
                            ``(i) is a dislocated worker referred to in 
                        paragraph (3)(A) with respect to whom the 
                        Governor has made the certification regarding 
                        the dislocation as required under such 
                        paragraph, and
                            ``(ii) has enrolled in a program for health 
                        care coverage premium assistance established by 
                        the Governor for purposes of this paragraph.
                    ``(C) Provision of assistance.--Health care 
                coverage premium assistance provided under the program 
                established by the Governor for purposes of this 
                paragraph--
                            ``(i) shall be not in excess of 75 percent 
                        of the full amount of the premium for the 
                        health care coverage,
                            ``(ii) shall be provided with respect to 
                        not more than the first 10 months of the period 
                        of dislocation of the qualified individual, and
                            ``(iii) shall be credited against the 
                        premium otherwise owed with respect to the 
                        qualified individual.
                    ``(D) Limitation on entitlement.--Nothing in this 
                subsection shall be construed as establishing any 
                entitlement of qualified individuals to premium 
                assistance under this subsection.
                    ``(E) Definitions.--For purposes of this 
                paragraph--
                            ``(i) Health care coverage.--The term 
                        `health care coverage' means health insurance 
                        coverage other than coverage under--
                                    ``(I) title XVIII of the Social 
                                Security Act,
                                    ``(II) title XIX of the Social 
                                Security Act (other than section 1928),
                                    ``(III) title XXI of the Social 
                                Security Act,
                                    ``(IV) chapter 55 of title 10, 
                                United States Code,
                                    ``(V) chapter 17 of title 38, 
                                United States Code,
                                    ``(VI) chapter 89 of title 5, 
                                United States Code (other than coverage 
                                which is comparable to continuation 
                                coverage under section 4980B of the 
                                Internal Revenue Code of 1986), or
                                    ``(VII) the Indian Health Care 
                                Improvement Act.
                        Such term also does not include coverage under 
                        a qualified long-term care insurance contract 
                        and health insurance coverage in the individual 
                        market.
                            ``(ii) Premium.--The term `premium' means, 
                        in connection with health care coverage, the 
                        premium which would (but for this section) be 
                        charged for the cost of coverage.
            ``(5) Authorization of appropriations.--
                    ``(A) In general.--There is authorized to be 
                appropriated $3,000,000,000 for fiscal year 2002 for 
                the award of grants under subsection (a)(4) in 
                accordance with this subsection.
                    ``(B) Availability.--Amounts appropriated pursuant 
                to the authorization of appropriations under 
                subparagraph (A)--
                            ``(i) are in addition to amounts made 
                        available under section 132(a)(2)(A) or any 
                        other provision of law to carry out this 
                        section; and
                            ``(ii) are authorized to remain available 
                        until 18 months after the date of the enactment 
                        of this subsection.''.

SEC. 3. SENSE OF CONGRESS TO PROMOTE SERVICES UNDER THE WORKFORCE 
              INVESTMENT ACT OF 1998.

    (a) Findings.--Congress finds the following:
            (1) In the wake of the terrorist attacks against the United 
        States on September 11, 2001, many workers and their families 
        are dealing with job loss and other effects of an economic 
        slowdown.
            (2) The Workforce Investment Act of 1998 was enacted to 
        create the Nation's coordinated workforce development system, 
        under which assistance is provided for workers who have been 
        laid off, including job training assistance.
            (3) The Workforce Investment Act of 1998 provides services 
        such as--
                    (A) one-stop career centers, which provide 
                integrated resources for job seekers and businesses, 
                including job search, job placement services and job 
                referrals to employers;
                    (B) individual training accounts, which are job 
                training vouchers established by local areas and given 
                to individuals to allow them to choose where they would 
                like to receive their job training; and
                    (C) rapid response services, under which States 
                establish on-site offices at affected businesses to 
                make immediate contact with employees and employers to 
                provide assistance in the areas of job search and 
                training activities.
            (4) The Nation's workforce development system is designed 
        to help individual dislocated workers and provide rapid 
        response services in times of mass layoffs or dislocations.
    (b) Sense of Congress.--It is the sense of Congress that the 
Secretary of Labor should continue efforts to encourage Americans to 
take advantage of existing services under the Workforce Investment Act 
of 1998 in order to assist workers during these times of unemployment.

Answer: Back to Work Act of 2001 - Amends the Workforce Investment Act of 1998 to authorize appropriations to expand the National Emergency Grant program, for an 18-month period, to include grants to States to provide certain employment and training assistance and temporary health care coverage premium assistance for workers affected by major economic dislocations, such as plant closures, mass layoffs, or multiple layoffs, caused by the terrorist attacks of September 11, 2001.Expresses the sense of Congress that the Secretary of Labor should continue efforts to encourage Americans to take advantage of existing services under the Workforce Investment Act of 1998 in order to assist workers during these times of unemployment.


Question: SECTION 1. IMPROVED DISTRIBUTION OF CONSTRUCTION PAYMENTS.

    
            Section 8007(a) of the Elementary and Secondary Education 
        Act of 1965 (20 U.S.C. 7707(a)) is amended--
            (1) in paragraph (1), by striking ``40 percent'' and 
        inserting ``80 percent'';
            (2) in subparagraphs (A) and (B) of paragraph (2), by 
        striking ``50 percent'' each place it appears and inserting 
        ``40 percent'';
            (3) in paragraph (2) by adding at the end the following new 
        subparagraphs:
                    ``(C) The agency is eligible under section 
                8003(b)(2) or is receiving a basic support payment 
                under circumstances described in section 
                8003(b)(2)(B)(ii).
                    ``(D) The agency is eligible under section 
                8003(a)(2)(C).''; and
            (4) by striking paragraph (3) and inserting the following:
            ``(3) Amount of payments.--The amount of a payment to each 
        local educational agency described in this subsection for a 
        fiscal year shall be--
                    ``(A) not less than the greater of the amount 
                appropriated as provided under paragraph (1) for such 
                fiscal year; divided by--
                            ``(i) the number of children determined 
                        under subparagraphs (B), (C), and (D)(i) of 
                        section 8003(a)(1) who were in average daily 
                        attendance for all local educational agencies 
                        described in paragraph (2), including the 
                        number of children attending a school facility 
                        described in section 8008(a) if the Secretary 
                        does not provide assistance for the school 
                        facility under that section for the fiscal 
                        year; multiplied by
                            ``(ii) the number of children determined 
                        for such agency;
                    ``(B) not less than $25,000, except that this 
                subparagraph shall not apply if the amount available to 
                carry out paragraph (1) for such fiscal year is less 
                than $32,000,000; and
                    ``(C) not more than $3,000,000.''.

SEC. 2. COMPETITIVE EMERGENCY AND MODERNIZATION GRANTS.

    Section 8007(b) of the Elementary and Secondary Education Act of 
1965 (20 U.S.C. 7707(b)) is amended--
            (1) in paragraph (1) by striking ``60 percent'' and 
        inserting ``20 percent'';
            (2) in paragraph (3)(A) by inserting after ``an emergency 
        grant under paragraph (2)(A)'' the following: ``if the agency 
        is covered by paragraph (7), or''.
            (3) in paragraph (3)(C)(i)(I) by striking ``the agency 
        meets at least one'' and all that follows, and inserting ``the 
        number of children determined under section 8003(a)(1)(C) for 
        the agency for the preceding school year constituted at least 
        40 percent of the total student enrollment in the schools of 
        the agency during the preceding school year.'';
            (4) by striking paragraph (3)(D)(ii)(II) and inserting the 
        following:
                                    ``(II) The number of children 
                                determined under section 8003(a)(1)(C) 
                                for the school for the preceding school 
                                year constituted at least 40 percent of 
                                the total student enrollment in the 
                                school during the preceding school 
                                year.'';
            (5) in paragraph (4)(C) by striking ``(B), (C), and (D)'' 
        and inserting ``and (C)'';
            (6) by redesignating paragraph (7) as paragraph (8); and
            (7) by inserting after paragraph (6) the following:
            ``(7) Special rule.--Notwithstanding paragraph (3)(C)(i)(I) 
        and (3)(D)(ii)(II), a local educational agency is eligible to 
        receive a grant under this subsection not to exceed $3,000,000 
        in any one fiscal year if such agency--
                    ``(A) was eligible to receive a payment under 
                section 8003 for the fiscal year prior to the year for 
                which the application is made; and
                    ``(B) has had an overall increase in enrollment--
                            ``(i) during the period between the end of 
                        the school year preceding the fiscal year for 
                        which the application is made and the beginning 
                        of the school year immediately preceding that 
                        school year;
                            ``(ii) of which not less than 250, or not 
                        less than 10 percent (whichever is lower), are 
                        children described in--
                                    ``(I) subparagraphs (A), (B), (C), 
                                or (D) of section 8003(a)(1); or
                                    ``(II) subparagraphs (F) or (G) of 
                                section 8003(a)(1), but only to the 
                                extent such children are civilian 
                                dependents of employees of the 
                                Department of Defense; and
                            ``(iii) that is the direct result of one or 
                        more of the following:
                                    ``(I) Base realignment and closure 
                                or global rebasing, as determined by 
                                the Secretary of Defense.
                                    ``(II) Force structure changes or 
                                force relocations.
                                    ``(III) An action initiated by the 
                                Secretary of Interior or other federal 
                                agency.''.

Answer:
Amends the Elementary and Secondary Education Act of 1965 to revise Impact Aid program requirements for distribution of school construction payments, and of school facility emergency and modernization grants, to local educational agencies (LEAs) impacted by military dependent children or by children residing on Indian lands.

Makes LEAs which were eligible for Impact Aid for the preceding fiscal year, and experience an overall increase in student enrollment, eligible for school facility emergency and modernization grants if at least 250 extra children are, or at least 10% of such increase is, the direct result of: (1) base realignment and closure or global rebasing; (2) force structure changes or relocations; or (3) an action initiated by the Secretary of the Interior or other federal agency.