instruction:
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.
question:
American Research and Competitiveness Act of 2015 (Sec. 2) This bill revises and makes permanent after 2014 the research tax credit. The rate of such credit is modified to equal the sum of 20% of so much of the qualified research expenses for the taxable year as exceeds 50% of the average qualified research expenses for the three preceding taxable years, 20% of so much of the basic research payments for the taxable year as exceeds 50% of the average basic research payments for the three preceding taxable years, plus 20% of amounts paid by a business taxpayer to an energy research consortium for energy research. If a taxpayer has no qualified research expenses in any of the three preceding taxable years, the rate of the tax credit is reduced to 10% of current research expenses. The bill also provides that in the case of an eligible small business (i.e., a corporation whose stock is not publicly traded, a partnership, or a sole proprietorship with annual gross receipts not exceeding $50 million in a three-year period), the research credit may offset alternative minimum tax liability. (Sec. 3) The bill prohibits the entry of the budgetary effects of this Act on either PAYCO scorecard under the Statutory Pay-As-You-Go Act of 2010. 
answer:
American Research and Competitiveness Act of 2015


question:
Handgun Registration Act of 1995 - Requires the Attorney General to establish a Federal handgun registration system.   Makes such system applicable, within two years of the enactment of this Act, in all States failing to establish a State handgun registration system that substantially complies with Federal requirements mandating that States:  (1) set registration requirements; (2) impose specified penalties for serious and non-serious registration violations; (3) define "serious violation" based on the number and caliber of unregistered handguns, previous felony or firearms offense convictions, and accessibility of such handguns; and (4) maintain an easily retrievable record of individuals within the State with handguns and of such handguns. 
Imposes penalties (including mandatory imprisonment for not less than 15 years) upon any person possessing handguns in violation of the registration requirement. 
Terminates certain Federal assistance under the Omnibus Crime Control and Safe Streets Act of 1968 to States which do not establish registration systems.
answer:
Handgun Registration Act of 1995


question:
Amends the Healthy Forests Restoration Act of 2003 to direct the Secretary of Agriculture (USDA) and the Secretary of the Interior, as appropriate, to implement procedures to ensure that not less than 600,000 acres of federal land each fiscal year are treated with mechanical treatments intended to produce merchantable wood. Directs the Secretary to: (1) declare that emergency circumstances exist for all federal land affected by a catastrophic event, including federal land outside urban interface areas; and (2) take actions necessary for the rehabilitation or restoration of such federal land, with highest priority given to land impacted by large-scale beetle infestations.  Directs the Secretary to initiate salvage activities on federal land affected by a catastrophic event so as to prevent significant deterioration of timber values, development of significant fire hazard, or other forest mortality that would prevent such land from regenerating to forest within five years.  Excludes from the provisions of this Act: (1) a component of the National Wilderness Preservation System; (2) federal land on which the removal of vegetation is prohibited or restricted by Congress, the President, or a land management plan; or (3) a wilderness study area.
answer:

To amend the Healthy Forests Restoration Act of 2003 to promote timely emergency rehabilitation and restoration of Federal forest land impacted by catastrophic events, to redirect for a 5-year period funding normally made available for land acquisition to mechanical forest treatment and salvage operations due to catastrophic events, and for other purposes.