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.

    This Act may be cited as the ``Saver's Bonus Act of 2007''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) According to the Department of Commerce, Americans are 
        currently saving less than 1 percent of their disposable 
        income.
            (2) According to the Federal Reserve's 2004 Survey of 
        Consumer Finances, 17 percent of all households have zero or 
        negative net worth, while 30 percent have net worth of less 
        than $10,000.
            (3) According to the Federal Reserve's 2004 Survey of 
        Consumer Finances, 11 percent of households do not have a 
        checking account and 9 percent do not have a transaction 
        account of any kind.
            (4) According to the Retirement Security Project, in 2004 
        more than half of all households had zero savings in an 
        employer-based 401(k)-type plan or tax-preferred savings plan 
        account.
            (5) It is in the economic interests of the United States to 
        promote savings among all members of society, regardless of 
        income.

SEC. 3. SAVER'S BONUS.

    (a) In General.--The Secretary of the Treasury shall develop a 
program to match deposits made by qualifying low-income individuals 
into designated savings products.
    (b) Qualifying Low-Income Individuals.--For purposes of this Act, 
the term ``qualifying low-income individual'' means any individual 
determined by the Secretary of the Treasury to be eligible for the 
saver's bonus under this Act.
    (c) Designated Savings Products.--For purposes of this Act, the 
term ``designated savings product'' means any savings product, 
including--
            (1) qualified retirement plans (as defined in section 
        4974(c)) of such Code,
            (2) qualified tuition programs under section 529 of such 
        Code,
            (3) Coverdell education savings accounts under section 530 
        of such Code,
            (4) United States savings bonds,
            (5) certificates of deposits with durations of at least 6 
        months, and
            (6) other types of savings products considered appropriate 
        by the Secretary of the Treasury for the purposes of this Act.
    (d) Saver's Bonus Program.--The program established under 
subsection (a) shall provide that--
            (1) qualifying low-income individuals who direct their 
        Federal income tax refund (in its entirety or a portion 
        thereof) be deposited into any designated savings product shall 
        be eligible for a dollar-for-dollar match or saver's bonus to 
        be deposited directly in any designated savings product,
            (2) qualifying low-income individuals who claim (when 
        filing a Federal income tax return) to have deposited funds 
        into any designated savings product during the course of the 
        tax year shall be eligible for a saver's bonus to be deposited 
        directly into any designated savings product, and
            (3) the saver's bonus--
                    (A) shall equal $500 for qualifying low-income 
                individuals who are eligible for the earned income 
                credit under section 32 of such Code and shall be 
                phased out (but not below zero) for such individuals 
                whose earned income exceeds 120 percent of the earned 
                income threshold at which such eligibility ceases,
                    (B) shall be indexed for inflation every 5 years, 
                and
                    (C) shall be considered a refundable credit for 
                purposes of the Internal Revenue Code of 1986.
    (e) Conforming Amendment Regarding Funding of Saver's Bonus.--
Section 1324(b)(2) of title 31, United States Code, is amended by 
inserting ``or enacted by the Saver's Bonus Act of 2007,''.
    (f) Effective Date.--The program under, and amendment made by, this 
section shall be effective with respect to Federal income tax returns 
for taxable years beginning after December 31, 2008.

SEC. 4. OPENING OF ACCOUNTS ON FEDERAL INCOME TAX RETURNS TO FACILITATE 
              SAVINGS.

    (a) Notification of Option.--
            (1) In general.--The Commissioner of Internal Revenue shall 
        notify qualifying low-income individuals who qualify for a 
        Federal income tax refund but fail to provide an ACH direct 
        deposit number on their Federal income tax return that they 
        have the option of an electronic direct deposit and that they 
        may be eligible for the saver's bonus program under section 3 
        if they deposit a refund or a portion of their refund in any 
        designated savings product.
            (2) Method of notification.--The notification under 
        paragraph (1) shall be made through--
                    (A) a public awareness program undertaken by the 
                Secretary of the Treasury, in concert with the 
                Commissioner of the Internal Revenue and others as 
                necessary, at least 6 months before January 2009, and
                    (B) the inclusion of such a notice in the 
                instruction material for any Federal income tax return.
    (b) Establishment of Designated Account Program.--The Secretary of 
the Treasury shall develop, in consultation with the Federal Management 
System, a program to minimize the delivery of non-electronic Federal 
income tax refunds by depositing refunds electronically to an account 
held by a depository institution. This program shall include--
            (1) provisions for such tax refunds to be deposited into a 
        designated account,
            (2) establishment of account parameters with respect to 
        minimum balance requirements and limitations on overdrafts, 
        overdraft fees, and other requirements,
            (3) establishment of means for the taxpayer to access the 
        account electronically or through a payment card, and
            (4) provisions to allow taxpayers to open an account with 
        their Federal income tax refunds through financial service 
        providers, so long such account is held at a depository 
        institution that is insured under the Federal Deposit Insurance 
        Act (12 U.S.C. 1811 et seq.).
    (c) Effective Date.--The notification under subsection (a) and the 
program under subsection (b) shall be effective with respect to Federal 
income tax returns for taxable years beginning after December 31, 2008.

SEC. 5. PURCHASE OF SAVINGS BONDS ON FEDERAL INCOME TAX RETURNS.

    (a) Notification of Option.--The Commissioner of Internal Revenue 
shall notify individual taxpayers that they have the option of 
purchasing United States savings bonds when they file their Federal 
income tax returns and that they may be eligible for the saver's bonus 
program under section 3. Such notification shall be included in the 
instruction material for any Federal income tax return.
    (b) Establishment of Savings Bond Purchase Program.--The Secretary 
of the Treasury shall develop, in consultation with a task force, a 
program for the purchase by individual taxpayers of United States 
savings bonds on their Federal income tax returns.
    (c) Effective Date.--The notification under subsection (a) and the 
program under subsection (b) shall be effective with respect to Federal 
income tax returns for taxable years beginning after December 31, 2008.
[EX A]: Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to: (1) match deposits made by low-income individuals into certain savings accounts (saver's bonus); (2) deposit tax refunds electronically into savings accounts; and (3) allow individual taxpayers to purchase U.S. savings bonds on their federal income tax returns.

Requires the Commissioner of the Internal Revenue Service (IRS) to notify low-income taxpayers of their eligibility for the saver's bonus and of their options under this Act.

[EX Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Holocaust Victim Insurance Relief 
Act of 1998''.

SEC. 2. FINDINGS.

    Congress makes the following findings:
            (1) During World War II, 6,000,000 victims of the Holocaust 
        lost their lives and property.
            (2) In addition to the many atrocities that befell the 
        victims of the Nazi regime, many of the insurance claims that 
        rightfully should have been paid to the victims and their 
        families were not.
            (3) In many instances, insurance company records are the 
        only proof of the existence of these insurance policies 
        belonging to Holocaust victims.
            (4) Many Holocaust survivors and their descendants have 
        been fighting for 50 years to persuade insurance companies to 
        settle unpaid claims.
            (5) Holocaust survivors and families of victims have asked 
        that insurance companies disclose any information they possess 
        that could show proof of insurance policies held by Holocaust 
        victims and survivors.
            (6) Insurance companies doing business in the United States 
        have a responsibility to ensure that any involvement they or 
        their related companies may have had with insurance policies of 
        Holocaust victims are disclosed to the Federal Government and 
        to ensure the rapid resolution of these questions, eliminating 
        the further victimization of these policyholders and their 
        families.
            (7) The international Jewish community is negotiating with 
        responsible insurance companies to establish an international 
        commission to resolve the issue of outstanding insurance 
        claims.

SEC. 3. ESTABLISHMENT OF HOLOCAUST INSURANCE REGISTRY.

    The Secretary of the Treasury, Secretary of State, and Secretary of 
Commerce shall jointly establish and maintain a central registry 
containing records and information relating to insurance policies of 
victims, living and deceased, of the Holocaust. The registry shall be 
known as the Holocaust Insurance Registry and shall be accessible to 
the public.

SEC. 4. FULL DISCLOSURE BY INSURANCE FIRMS.

    Any insurer currently doing business in the United States that sold 
life, property, liability, health, annuity, dowry, educational, or 
casualty insurance policies, directly or through a related company, to 
persons in Europe, which were in effect between 1920 and 1945, whether 
the sale occurred before or after the insurer and the related company 
became related, shall, within 180 days following the date of the 
enactment of this Act, file or cause to be filed the following 
information with the Departments of the Treasury, State, or Commerce to 
be entered into the Holocaust Insurance Registry:
            (1) The number of such insurance policies.
            (2) The holder, beneficiary, and current status of such 
        policies.
            (3) A comparison of the names of holders and beneficiaries 
        of such policies and the names of the victims of the Holocaust.
The names of victims of the Holocaust shall be provided by the 
Department of State and may additionally be obtained from the Yad 
Vashem repository in Israel.

SEC. 5. CERTIFICATION BY INSURANCE COMPANIES.

    Each insurer subject to section 4 shall certify under penalty of 
perjury to any of the following:
            (1) The proceeds of the policies described in section 4 
        have been paid to the designated beneficiaries or their heirs 
        where that person or persons, after diligent search, could be 
        located and identified.
            (2) The proceeds of the policies where the beneficiaries or 
        heirs could not, after diligent search, be located or 
        identified, have been distributed to Holocaust survivors or to 
        qualified charitable nonprofit organizations for the purpose of 
        assisting Holocaust survivors.
            (3) A court of law has certified in a legal proceeding 
        resolving the rights of unpaid policyholders, their heirs, and 
        beneficiaries, a plan for the distribution of the proceeds.
            (4) The proceeds have not been distributed and the amount 
        of those proceeds.
An insurer currently doing business in the United States that did not 
sell any insurance policies in Europe prior to 1945, shall not be 
subject to this section if a related company, whether or not authorized 
and currently doing business in the United States, has made a filing 
under this section.

SEC. 6. PENALTIES FOR FAILURE TO DISCLOSE INFORMATION.

    (a) In General.--Any insurer that knowingly files information 
required by this Act that is false shall be liable for a civil penalty 
not to exceed $5,000 for each violation, which penalty is hereby 
appropriated to the Departments of Treasury, State, and Commerce to be 
used to aid in the resolution of Holocaust insurance claims.
    (b) Suspension.--Any insurance company that fails to comply with 
the requirements of this Act by the 210th day after the date of the 
enactment of this Act, shall be suspended from practicing in the 
insurance business until the time that the insurer complies with this 
Act.
    (c) Regulation.--The Secretary of the Treasury, Secretary of State, 
and Secretary of Commerce shall jointly adopt regulations to implement 
this Act.

SEC. 7. SENSE OF CONGRESS.

    It is the sense of Congress that outstanding claims under insurance 
policies held by Holocaust victims and survivors be resolved at the 
earliest possible time.

SEC. 8. DEFINITIONS.

    For purposes of this Act:
            (1) The term ``Holocaust victim'' means any person who was 
        persecuted during the period of 1929 to 1945, inclusive, by 
        Nazi Germany, its allies, or sympathizers.
            (2) The term ``related company'' means any parent, 
        subsidiary, reinsurer, successor in interest, managing general 
        agent, or affiliate company of the insurer.
            (3) The term ``proceeds'' means the face value or other 
        payout value of insurance policies and annuities plus 
        reasonable interest to date of payment without diminution for 
        wartime or immediate postwar currency devaluation.
[EX A]: Holocaust Victim Insurance Relief Act of 1998 - Directs the Secretary of the Treasury, the Secretary of State, and the Secretary of Commerce jointly to establish a central public registry containing records and information relating to insurance policies of living and deceased victims of the Holocaust, to be known as the Holocaust Insurance Registry. 
Requires any insurer currently doing business in the United States that sold life, property, liability, health, annuity, dowry, educational, or casualty insurance policies, directly or through a related company, to persons in Europe, which were in effect between 1920 and 1945, to file with the Departments of the Treasury, State, or Commerce for entry into the Registry:  (1) the number of such insurance policies; (2) the holder, beneficiary, and current status of such policies; and (3) a comparison of the names of holders and beneficiaries of such policies and the names of Holocaust victims. 
Requires each such insurer to certify under penalty of perjury to any of the following:  (1) the proceeds of the policies have been paid to the designated beneficiaries or their heirs where that person or persons could be located and identified; (2) the proceeds of the policies, where the beneficiaries or heirs could not be located or identified, have been distributed to Holocaust survivors or to qualified charitable nonprofit organizations for the purpose of assisting Holocaust survivors; (3) a court of law has certified in a legal proceeding resolving the rights of unpaid policyholders, their heirs, and beneficiaries, a plan for the distribution of the proceeds; or (4) the proceeds have not been distributed and the amounts of those proceeds.  Exempts from such filing requirement any insurer currently doing business in the United States that did not sell any insurance policies in Europe before 1945, if a related company, whether or not authorized and currently doing business in the United States, has made such a filing. 
Makes any insurer that knowingly files false information liable for a civil penalty not to exceed $5,000 for each violation, which penalty is appropriated to the Departments of the Treasury, State, and Commerce to be used to aid in the resolution of Holocaust insurance claims.  Declares that any insurance company that fails to comply with the requirements of this Act shall be suspended from practicing in the insurance business until the time that the insurer complies. 
Expresses the sense of the Congress that outstanding claims under insurance policies held by Holocaust victims and survivors be resolved at the earliest possible time.

[EX Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Countering Russian Missiles Act of 
2017''.

SEC. 2. DEFINITIONS.

    (a) Appropriate Congressional Committees.--The term ``appropriate 
congressional committees'' means--
            (1) the Committee on Foreign Relations, the Committee on 
        Armed Services, the Committee on Appropriations, and the Select 
        Committee on Intelligence of the Senate; and
            (2) the Committee on Foreign Affairs, the Committee on 
        Armed Services, the Committee on Appropriations, and the 
        Permanent Select Committee on Intelligence of the House of 
        Representatives.
    (b) INF Treaty.--The term ``INF Treaty'' means the Treaty between 
the United States of America and the Union of Soviet Socialist 
Republics on the Elimination of Their Intermediate-Range and Shorter-
Range Missiles, signed at Washington, DC, December 8, 1987, and entered 
into force June 1, 1988.

SEC. 3. FINDINGS; STATEMENT OF POLICY.

    (a) Findings.--Congress makes the following findings:
            (1) The INF Treaty, which entered into force on June 1, 
        1988, banned the Union of Soviet Socialist Republics (USSR) 
        from possessing ground-launched nuclear and conventional 
        missiles and launchers retaining ranges between 500 and 5,500 
        kilometers (km).
            (2) Implementation of the INF Treaty led to the 
        dismantlement of 2,692 short-, medium-, and intermediate-range 
        missiles between the United States and the USSR, representing a 
        major reduction in both nuclear arsenals and evidencing key 
        efforts to safeguard the United States and its allies from 
        nuclear weapons.
            (3) Since concerns regarding a noncompliant ground-launched 
        cruise missile (GLCM) were first raised in 2008, the Russian 
        Federation has developed and tested a GLCM (currently 
        designated ``SSC-8'') that has a range violating the 
        fundamental stipulations of the INF Treaty.
            (4) In 2014, the United States labeled the Russian 
        Federation to be ``in violation'' of the INF Treaty in the 
        Department of State Report entitled, ``Adherence to and 
        Compliance with Arms Control, Nonproliferation, and Disarmament 
        Agreements and Commitments'', and has maintained Russia's 
        noncompliant status in each subsequent report due to the 
        development and testing of the SSC-8.
            (5) During a March 2017 hearing at the Committee on Armed 
        Services of the House of Representatives, the Vice Chairman of 
        the Joint Chiefs of Staff, General Paul Selva, asserted that 
        ``we believe that the Russians have deployed a land-based 
        cruise missile that violates the spirit and intent of the 
        Intermediate Nuclear Forces Treaty'' and that such a system 
        poses ``a threat to NATO and to facilities within the NATO area 
        of responsibility.''
            (6) When examining the response options at the United 
        States disposal, the Department of Defense stated in its 2016 
        Plan for Military Response Options to Russian Federation 
        Violations of the Intermediate-range Nuclear Forces (INF) 
        Treaty that ``Russia's return to compliance with its 
        obligations under the INF Treaty remains the preferable 
        outcome.''
            (7) United States allies in Europe do not currently have 
        sufficient defensive articles and material to properly defend 
        against the Russian Federation's new GLCM.
    (b) Statement of Policy.--It is the policy of the United States 
to--
            (1) protect the United States interests and assets abroad 
        and our allies from the burgeoning threat stemming from 
        Russia's development of a new GLCM that violates the INF 
        Treaty;
            (2) promote and expand cooperation and mutual defense with 
        European and Asian allies through--
                    (A) strengthening the United States offensive 
                posture and defensive infrastructure on the European 
                continent; and
                    (B) enhancing military to military coordination 
                with key allies in Europe and Asia;
            (3) pressure the Russian Federation to abide by its 
        commitments regarding the INF Treaty and discontinue engaging 
        in hostile activities regarding its missile program by--
                    (A) diplomatically engaging the Russian Federation 
                within the Special Verification Commission;
                    (B) articulating that the Russian Federation is in 
                material breach of the INF Treaty; and
                    (C) communicating to the Russian Federation that if 
                they remain in non-compliance with the INF Treaty by 
                January 1, 2019, the United States will--
                            (i) take military actions to improve our 
                        European deterrence and defense capabilities, 
                        including the development of a conventional 
                        variant of the Long Range Stand-off system 
                        (LRSO);
                            (ii) assist United States allies in 
                        improving their air- and sea-launched 
                        conventional strike capabilities by 
                        facilitating sales of the extended-range 
                        variant of the Joint Air-to-Surface Standoff 
                        Missile (JASSM-ER) and sea-based Tomahawk 
                        cruise missile; and
                            (iii) deploy limited defenses against 
                        cruise missiles to protect key alliance assets; 
                        and
            (4) not precipitously withdraw from the INF Treaty without 
        fully consulting and coordinating with European allies.

SEC. 4. REPORTS.

    (a) Report on the Military and Security Ramifications of Russia's 
GLCM.--
            (1) In general.--Not later than 180 days after the date of 
        the enactment of this Act, and annually thereafter, the 
        Secretary of Defense, with the concurrence of the Secretary of 
        State, shall submit to the appropriate congressional committees 
        a report including the following elements:
                    (A) A description of the status of the Russian 
                Federation's new GLCM (SSC-8), its capabilities, and 
                the threat it poses to the United States' European and 
                Asian allies and assets in the region.
                    (B) An assessment of whether the United States 
                faces significant military disadvantages with the 
                introduction of the SSC-8 to the European continent.
                    (C) An assessment of gaps in the United States 
                current missile defense infrastructure in Europe and 
                what capabilities may be required to defend United 
                States and European assets against the threat posed by 
                the SSC-8.
                    (D) An assessment of capability gaps that a new 
                United States intermediate range missile, which is not 
                compliant with the INF Treaty, would address in Europe 
                and Asia.
                    (E) The timeline for fielding an INF range missile, 
                including time for research, development, and 
                deployment of the system, and the total cost for 
                development and deployment of the system.
            (2) Form.--The report required under subsection (a) shall 
        be submitted in unclassified form, but may include a classified 
        annex.
    (b) Report on Plans for Greater Missile Defense Coordination With 
Allies.--Not later than 180 days after the date of the enactment of 
this Act, and annually thereafter, the Secretary of State, with the 
concurrence of the Secretary of Defense, shall submit to the 
appropriate congressional committees a report that includes a plan 
including--
            (1) a description of how the United States will coordinate 
        with its European allies to enhance missile detection and 
        defense; and
            (2) any recommendations for additional foreign military 
        sales, financing, or international military education and 
        training to be made available to European allies for 
        strengthening missile defense capabilities.

SEC. 5. CONSULTATION WITH CONGRESS.

    (a) Commission Proposals.--Not later than 15 days before any 
meeting of the Special Verification Commission to discuss and resolve 
implementation and compliance issues regarding additional procedures to 
improve the viability and effectiveness of the Treaty, the President 
shall consult with the Chairman and Ranking Member of the Committee on 
Foreign Relations of the Senate with regard to whether the proposal, if 
adopted, would constitute an amendment to the INF Treaty requiring the 
advice and consent of the Senate, as set forth in Article II, section 
2, clause 2 of the Constitution of the United States.
    (b) Ensuring Compliance.--Not later than 180 days after the date of 
the enactment of this Act, and semiannually thereafter, the Secretary 
of State shall consult with the Chairman and Ranking Member regarding 
whether the Russian Federation is in compliance with the INF Treaty, 
and if not, what steps the United States is taking to bring them back 
into compliance.

SEC. 6. RESTRICTION OF FUNDS TO LEAVE THE INF TREATY.

    (a) In General.--Except as provided under subsection (b), no funds 
may be made available or expended for any action that effects the 
withdrawal of the United States from the INF Treaty.
    (b) Exception.--The restriction in subsection (a) shall not apply--
            (1) after Congress has received the report required by 
        section 4(a); and
            (2) 90 days after the President certifies to the 
        appropriate congressional committees that withdrawal of the 
        United States from the INF Treaty is in the vital national 
        security interests of the United States, including the reasons 
        for such certification and an explanation of how the INF Treaty 
        would prohibit the President's intended actions.
[EX A]:
Countering Russian Missiles Act of 2017 This bill requires the Department of Defense (DOD) to submit annual reports on:  the status of the Russian Federation's new SSC-8 ground-launched cruise missile, its capabilities, and the threat it poses to the European and Asian allies of the United States and U.S. assets in the region;  whether the United States faces significant military disadvantages with the introduction of the SSC-8 to the European continent; gaps in the current U.S. missile defense infrastructure in Europe; gaps in capability that a new U.S. intermediate range missile, that is not compliant with the Treaty between the United States and the Union of Soviet Socialist Republics on the Elimination of Their Intermediate-Range and Shorter-Range Missiles (INF Treaty), would address in Europe and Asia; and  the time line for fielding, and the cost for deployment of, an INF range missile.    The Department of State must submit an annual report that includes a plan: (1) describing how the United States will coordinate with its European allies to enhance missile detection and defense; and (2) recommending additional foreign military sales, financing, or international military education and training for such allies for strengthening missile defense capabilities.  The bill requires specified consultation by the President and Congress regarding Russian Federation compliance with the treaty. The bill prohibits any funds from being made available or expended for any action that effects U.S. withdrawal from the treaty unless the President certifies that withdrawal is in U.S. vital national security interests.