In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Commercial Mortgage Capital 
Availability Act of 1993''.

SEC. 2. INSURED DEPOSITORY INSTITUTION CAPITAL REQUIREMENTS FOR 
              TRANSFERS OF MORTGAGE LOANS.

    (a) Accounting Principles.--The accounting principles applicable to 
the transfer of a mortgage loan with recourse contained in reports or 
statements required to be filed with Federal banking agencies by a 
qualified insured depository institution shall be consistent with 
generally accepted accounting principles.
    (b) Capital and Reserve Requirements.--With respect to the transfer 
of a mortgage loan with recourse that is a sale under generally 
accepted accounting principles, each qualified insured depository 
institution shall--
            (1) establish and maintain a reserve equal to an amount 
        sufficient to meet the reasonable estimated liability of the 
        institution under the recourse arrangement; and
            (2) treat as an asset (for purposes of applicable capital 
        standards and other capital measures, including risk-based 
        capital requirements) only the maximum amount at risk under the 
        recourse arrangement.
    (c) Qualified Institutions Defined.--An insured depository 
institution is a qualified insured depository institution for purposes 
of this section if, without regard to the accounting principles or 
capital requirements referred to in subsections (a) and (b), the 
institution is--
            (1) well capitalized; or
            (2) with the approval, by regulation or order, of the 
        appropriate Federal banking agency, adequately capitalized.
    (d) Aggregate Amount of Recourse.--The total outstanding amount at 
risk with respect to transfers of mortgage loans under subsections (a) 
and (b) (together with the amount at risk under any provisions of law 
substantially similar to subsections (a) and (b)) shall not exceed--
            (1) the amount which is equal to 15 percent of the risk-
        based capital of the institution; or
            (2) such greater amount, as established by the appropriate 
        Federal banking agency by regulation or order.
    (e) Institutions That Cease To Be Qualified or Exceed Aggregate 
Limits.--If an insured depository institution ceases to be a qualified 
insured depository institution or exceeds the limits under subsection 
(d), this section shall remain applicable to any transfer of mortgage 
loans that occurred at a time when the institution was qualified and 
had not exceeded such limit.
    (f) Prompt Corrective Action not Affected.--The capital of an 
insured depository institution shall be computed without regard to this 
section in determining whether the institution is less than well 
capitalized.
    (g) Regulations Required.--Before the end of the 180-day period 
beginning on the date of the enactment of this Act, each appropriate 
Federal banking agency shall prescribe final regulations implementing 
this section.
    (h) Alternative System Permitted.--
            (1) In general.--At the discretion of the appropriate 
        Federal banking agency, this section shall not apply if the 
        regulations of the agency provide that the aggregate amount of 
        capital and reserves required with respect to the transfer of 
        mortgage loans with recourse does not exceed the aggregate 
        amount of capital and reserves that would be required under 
        subsection (b).
            (2) Existing transactions not affected.--Notwithstanding 
        paragraph (1), this section shall remain in effect with respect 
        to transfers of mortgage loans with recourse by qualified 
        insured depository institutions occurring before the effective 
        date of regulations referred to in paragraph (1).
    (i) Definitions.--The following definitions apply for purposes of 
this section:
            (1) Adequately capitalized.--The term ``adequately 
        capitalized'' has the same meaning as in section 38(b) of the 
        Federal Deposit Insurance Act.
            (2) Appropriate federal banking agency.--The term 
        ``appropriate Federal banking agency'' has the same meaning as 
        in section 3 of the Federal Deposit Insurance Act.
            (3) Capital standards.--The term ``capital standards'' has 
        the same meaning as in section 38(c) of the Federal Deposit 
        Insurance Act.
            (4) Federal banking agencies.--The term ``Federal banking 
        agencies'' has the same meaning as in section 3 of the Federal 
        Deposit Insurance Act.
            (5) Insured depository institution.--The term ``insured 
        depository institution'' has the same meaning as in section 3 
        of the Federal Deposit Insurance Act.
            (6) Other capital measures.--The term ``other capital 
        measures'' has the same meaning as in section 38(c) of the 
        Federal Deposit Insurance Act.
            (7) Recourse.--The term ``recourse'' has the meaning given 
        to such term under generally accepted accounting principles.
            (8) Mortgage loan.--The term ``mortgage loan'' means any--
                    (A) note or certificate of interest or 
                participation in a note (including any rights designed 
                to assure servicing of, or the timeliness of receipt by 
                the holders of such notes, certificates, or 
                participation of amounts payable under such notes, 
                certificates or participation) that is principally 
                secured by an interest in real property; or
                    (B) any security (within the meaning of section 8 
                of the Securities Exchange Act of 1934) that is secured 
                by one or more notes described in subparagraph (A) or 
                certificates of interest or participation in such notes 
                (with or without recourse to issuers thereof) and that, 
                by its terms, provides for payments of principal in 
                relation to payments, or reasonable projections of 
                payments, on notes described in subparagraph (A) or 
                certificates of interest or participation in such 
                notes.
            (9) Well capitalized.--The term ``well capitalized'' has 
        the same meaning as in section 38(b) of the Federal Deposit 
        Insurance Act.

SEC. 3. AMENDMENT TO DEFINITION OF MORTGAGE RELATED SECURITY.

    Section 3(a)(41)(A)(i) of the Securities Exchange Act of 1934 (15 
U.S.C. 78c(a)(41)(A)(i)) is amended by inserting before the semicolon 
``, or on 1 or more parcels of real estate upon which is located one or 
more commercial structures''.

SEC. 4. AUTHORITY TO EXEMPT COMMERCIAL MORTGAGE RELATED SECURITIES 
              TRANSACTIONS FROM PROHIBITED TRANSACTION RULES.

    The Secretary of Labor, in consultation with the Secretary of the 
Treasury, shall exempt, either unconditionally or on stated terms and 
conditions, transactions involving commercial mortgage related 
securities (as such term is defined in section 3(a)(41) of the 
Securities Exchange Act of 1934, as amended by section 3 of this Act) 
from--
            (1) the restrictions of sections 406(a) and 407(a) of the 
        Employee Retirement Income Security Act of 1974; and
            (2) the taxes imposed under section 4975 of the Internal 
        Revenue Code of 1986.

SEC. 5. PROVISIONS TO SAFEGUARD THE INTEGRITY OF THE SECURITIZATION 
              PROCESS, AND THE SAFETY AND SOUNDNESS OF FEDERALLY 
              INSURED INSTITUTIONS.

    (a) Compliance With Securities Regulations.--Any security relying 
on the provisions of this Act shall comply with all rules and 
regulations of Federal securities laws applicable thereto, as 
determined taking into account the provisions of this Act, including 
all provisions relating to required disclosure to investors, 
registrations, reporting and compliance, and all anti-fraud provisions.
    (b) Treatment of Bank Issued or Purchased Mortgage Backed 
Securities for Purposes of Minimum Capital Requirements.--
            (1) Mortgages held by bank to back securities.--If an issue 
        of securities backed by mortgage loans represents a liability 
        on the balance sheet of an insured depository institution and 
        the assets backing such obligation represent assets on the 
        balance sheet of such institution, the institution shall 
        maintain minimum adequate capital with regard to such assets as 
        prescribed by all applicable rules and regulations of the 
        banking agencies with supervisory and examination authority 
        over such institution, as determined taking into account the 
        provisions of this Act.
            (2) Securities held by bank.--If an insured depository 
        institution purchases a mortgage-related security to which the 
        provisions of this Act apply, the institution shall maintain 
        minimum adequate capital with respect to such security and all 
        other assets as prescribed by all applicable rules and 
        regulations of the banking agencies with supervisory and 
        examination authority over such institution, as determined 
        taking into account the provisions of this Act.

Output: Commercial Mortgage Capital Availability Act of 1993 - Sets forth a regulatory scheme under which qualified insured depository institutions meeting prescribed reserve and capital requirements may execute mortgage loan transfers with a recourse arrangement. 
Amends the Securities Exchange Act of 1934 to modify the definition of "mortgage related security" to include notes directly secured by a first lien on real estate with commercial structures located upon it (thus bringing such securities within the purview of the Act). 
Directs the Secretary of Labor to exempt commercial mortgage related securities transactions from:  (1) certain restrictions of the Employee Retirement Income Security Act of 1974; and (2) certain taxes imposed under the Internal Revenue Code. 
Mandates that securities relying on the provisions of this Act comply with all Federal securities laws relating to disclosure to investors, registrations, reporting and anti-fraud provisions. 
Requires insured depository institutions to maintain the minimum adequate capital prescribed by regulatory banking agencies when executing mortgage backed securities transactions.


Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Volcano Early Warning and 
Monitoring System Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior, acting through the Director of the United 
        States Geological Survey.
            (2) System.--The term ``System'' means the National Volcano 
        Early Warning and Monitoring System established under section 
        3(a)(1).

SEC. 3. NATIONAL VOLCANO EARLY WARNING AND MONITORING SYSTEM.

    (a) Establishment.--
            (1) In general.--The Secretary shall establish within the 
        United States Geological Survey a system, to be known as the 
        ``National Volcano Early Warning and Monitoring System'', to 
        monitor, warn, and protect citizens of the United States from 
        undue and avoidable harm from volcanic activity.
            (2) Purposes.--The purposes of the System are--
                    (A) to organize, modernize, standardize, and 
                stabilize the monitoring systems of the volcano 
                observatories in the United States, which include the 
                Alaska Volcano Observatory, California Volcano 
                Observatory, Cascades Volcano Observatory, Hawaiian 
                Volcano Observatory, Yellowstone Volcano Observatory, 
                and other volcano observatories established under 
                subsection (d); and
                    (B) to unify the monitoring systems of volcano 
                observatories in the United States into a single 
                interoperative system.
            (3) Objective.--The objective of the System is to monitor 
        all the volcanoes in the United States at a level commensurate 
        with the threat posed by the volcanoes by--
                    (A) upgrading existing networks on monitored 
                volcanoes;
                    (B) installing new networks on unmonitored 
                volcanoes; and
                    (C) employing geodetic and other components when 
                applicable.
    (b) System Components.--
            (1) In general.--The System shall include--
                    (A) a national volcano watch office that is 
                operational 24 hours a day and 7 days a week;
                    (B) a national volcano data center; and
                    (C) an external grants program to support research 
                in volcano monitoring science and technology.
            (2) Modernization activities.--Modernization activities 
        under the System shall include the comprehensive application of 
        emerging technologies, including digital broadband 
        seismometers, real-time continuous Global Positioning System 
        receivers, satellite and airborne radar interferometry, 
        acoustic pressure sensors, and spectrometry to measure gas 
        emissions.
    (c) Management.--
            (1) Management plan.--
                    (A) In general.--Not later than 180 days after the 
                date of enactment of this Act, the Secretary shall 
                submit to Congress a 5-year management plan for 
                establishing and operating the System.
                    (B) Inclusions.--The management plan submitted 
                under subparagraph (A) shall include--
                            (i) annual cost estimates for modernization 
                        activities and operation of the System;
                            (ii) annual milestones, standards, and 
                        performance goals; and
                            (iii) recommendations for, and progress 
                        towards, establishing new, or enhancing 
                        existing, partnerships to leverage resources.
            (2) Advisory committee.--The Secretary shall establish an 
        advisory committee to assist the Secretary in implementing the 
        System, to be comprised of representatives of relevant agencies 
        and members of the scientific community, to be appointed by the 
        Secretary.
            (3) Partnerships.--The Secretary may enter into cooperative 
        agreements with institutions of higher education and State or 
        territorial agencies designating the institutions of higher 
        education and State or territorial agencies as volcano 
        observatory partners for the System.
            (4) Coordination.--The Secretary shall coordinate the 
        activities under this Act with the heads of relevant Federal 
        agencies, including--
                    (A) the Secretary of Transportation;
                    (B) the Administrator of the Federal Aviation 
                Administration;
                    (C) the Administrator of the National Oceanic and 
                Atmospheric Administration; and
                    (D) the Director of the Federal Emergency 
                Management Administration.
    (d) Volcano Observatory in Pacific U.S. Territories.--
            (1) Feasibility study.--Not later than 180 days after the 
        date of enactment of this Act, the Secretary shall conduct a 
        study to assess the feasibility of establishing volcano 
        observatories in Guam, the Northern Mariana Islands, and 
        American Samoa to monitor volcanic activity across the western 
        and southern Pacific Ocean along the Ring of Fire, including 
        underwater volcanic activity in such region.
            (2) Consultation.--The Secretary shall consult with 
        appropriate territorial and local entities in conducting the 
        study.
            (3) Cooperative agreement.--If the study required by 
        paragraph (1) determines that such observatories are feasible, 
        then the Secretary, subject to the availability of 
        appropriations, may enter into cooperative agreements under 
        subsection (c)(3) with institutions of higher education or 
        territorial agencies to establish such volcano observatories as 
        part of the National Volcano Early Warning and Monitoring 
        System.
    (e) Annual Report.--In each of fiscal years 2018 through 2024, the 
Secretary shall submit to Congress a report that describes the 
activities carried out under this Act.

SEC. 4. FUNDING.

    (a) Authorization of Appropriations.--There is authorized to be 
appropriated to the Secretary to carry out this Act $15,000,000 for 
each of fiscal years 2018 through 2024.
    (b) Effect on Other Sources of Federal Funding.--Amounts made 
available under this section shall supplement, and not supplant, 
Federal funds made available for other United States Geological Survey 
hazards activities and programs.

Output: National Volcano Early Warning and Monitoring System Act (Sec. 3) This bill directs the United States Geological Survey (USGS) to establish the National Volcano Early Warning and Monitoring System to monitor, issue warnings of, and protect U.S. citizens from undue and avoidable harm from, volcanic activity.  The purposes of the system are to: (1) organize, modernize, standardize, and stabilize the monitoring systems of U.S. volcano observatories; and (2) unify such systems into a single interoperative system. The objective of the system is to monitor all U.S. volcanoes at a level commensurate with the threat posed by the volcanoes by: (1) upgrading existing networks on monitored volcanoes, (2) installing new networks on unmonitored volcanoes, and (3) employing geodetic and other components when applicable. The system shall include: (1) a national volcano watch office that is operational 24 hours a day and 7 days a week, (2) a national volcano data center, (3) an external grants program to support research in volcano monitoring science and technology, and (4) modernization activities including the comprehensive application of emerging technologies. The USGS must: (1) submit to Congress a five-year management plan for establishing and operating the system, and (2) establish an advisory committee to assist in implementing the system.  The USGS may enter into cooperative agreements designating institutions of higher education and state or territorial agencies as volcano observatory partners for the system. The USGS must conduct a study to assess the feasibility of establishing volcano observatories in Guam, the Northern Mariana Islands, and American Samoa to monitor volcanic activity across the western and southern Pacific Ocean along the Ring of Fire. If determined to be feasible, the USGS may enter into cooperative agreements with institutions of higher education or territorial agencies to establish such observatories as part of the National Volcano Early Warning and Monitoring System.


Input: Consider Input: SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Cameron Gulbransen Kids 
Transportation Safety Act of 2007'' or the ``K.T. Safety Act of 2007''.
SEC. 2. RULEMAKING REGARDING CHILD SAFETY.
    (a) Power Window Safety.--
        (1) Consideration of rule.--Not later than 18 months after the 
    date of the enactment of this Act, the Secretary of Transportation 
    (referred to in this Act as the ``Secretary'') shall initiate a 
    rulemaking to consider prescribing or amending Federal motor 
    vehicle safety standards to require power windows and panels on 
    motor vehicles to automatically reverse direction when such power 
    windows and panels detect an obstruction to prevent children and 
    others from being trapped, injured, or killed.
        (2) Deadline for decision.--If the Secretary determines such 
    safety standards are reasonable, practicable, and appropriate, the 
    Secretary shall prescribe, under section 30111 of title 49, United 
    States Code, the safety standards described in paragraph (1) not 
    later than 30 months after the date of enactment of this Act. If 
    the Secretary determines that no additional safety standards are 
    reasonable, practicable, and appropriate, the Secretary shall--
            (A) not later than 30 months after the date of enactment of 
        this Act, transmit a report to the Committee on Energy and 
        Commerce of the House of Representatives and the Committee on 
        Commerce, Science, and Transportation of the Senate describing 
        the reasons such standards were not prescribed; and
            (B) publish and otherwise make available to the public 
        through the Internet and other means (such as the ``Buying a 
        Safer Car'' brochure) information regarding which vehicles are 
        or are not equipped with power windows and panels that 
        automatically reverse direction when an obstruction is 
        detected.
    (b) Rearward Visibility.--Not later than 12 months after the date 
of the enactment of this Act, the Secretary shall initiate a rulemaking 
to revise Federal Motor Vehicle Safety Standard 111 (FMVSS 111) to 
expand the required field of view to enable the driver of a motor 
vehicle to detect areas behind the motor vehicle to reduce death and 
injury resulting from backing incidents, particularly incidents 
involving small children and disabled persons. The Secretary may 
prescribe different requirements for different types of motor vehicles 
to expand the required field of view to enable the driver of a motor 
vehicle to detect areas behind the motor vehicle to reduce death and 
injury resulting from backing incidents, particularly incidents 
involving small children and disabled persons. Such standard may be met 
by the provision of additional mirrors, sensors, cameras, or other 
technology to expand the driver's field of view. The Secretary shall 
prescribe final standards pursuant to this subsection not later than 36 
months after the date of enactment of this Act.
    (c) Phase-In Period.--
        (1) Phase-in period required.--The safety standards prescribed 
    pursuant to subsections (a) and (b) shall establish a phase-in 
    period for compliance, as determined by the Secretary, and require 
    full compliance with the safety standards not later than 48 months 
    after the date on which the final rule is issued.
        (2) Phase-in priorities.--In establishing the phase-in period 
    of the rearward visibility safety standards required under 
    subsection (b), the Secretary shall consider whether to require the 
    phase-in according to different types of motor vehicles based on 
    data demonstrating the frequency by which various types of motor 
    vehicles have been involved in backing incidents resulting in 
    injury or death. If the Secretary determines that any type of motor 
    vehicle should be given priority, the Secretary shall issue 
    regulations that specify--
            (A) which type or types of motor vehicles shall be phased-
        in first; and
            (B) the percentages by which such motor vehicles shall be 
        phased-in.
    (d) Preventing Motor Vehicles From Rolling Away.--
        (1) Requirement.--Each motor vehicle with an automatic 
    transmission that includes a ``park'' position manufactured for 
    sale after September 1, 2010, shall be equipped with a system that 
    requires the service brake to be depressed before the transmission 
    can be shifted out of ``park''. This system shall function in any 
    starting system key position in which the transmission can be 
    shifted out of ``park''.
        (2) Treatment as motor vehicle safety standard.--A violation of 
    paragraph (1) shall be treated as a violation of a motor vehicle 
    safety standard prescribed under section 30111 of title 49, United 
    States Code, and shall be subject to enforcement by the Secretary 
    under chapter 301 of such title.
        (3) Publication of noncompliant vehicles.--
            (A) Information submission.--Not later than 60 days after 
        the date of the enactment of this Act, for the current model 
        year and annually thereafter through 2010, each motor vehicle 
        manufacturer shall transmit to the Secretary the make and model 
        of motor vehicles with automatic transmissions that include a 
        ``park'' position that do not comply with the requirements of 
        paragraph (1).
            (B) Publication.--Not later than 30 days after receiving 
        the information submitted under subparagraph (A), the Secretary 
        shall publish and otherwise make available to the public 
        through the Internet and other means the make and model of the 
        applicable motor vehicles that do not comply with the 
        requirements of paragraph (1). Any motor vehicle not included 
        in the publication under this subparagraph shall be presumed to 
        comply with such requirements.
    (e) Definition of Motor Vehicle.--As used in this Act and for 
purposes of the motor vehicle safety standards described in subsections 
(a) and (b), the term ``motor vehicle'' has the meaning given such term 
in section 30102(a)(6) of title 49, United States Code, except that 
such term shall not include--
        (1) a motorcycle or trailer (as such terms are defined in 
    section 571.3 of title 49, Code of Federal Regulations); or
        (2) any motor vehicle that is rated at more than 10,000 pounds 
    gross vehicular weight.
    (f) Database on Injuries and Deaths in Nontraffic, Noncrash 
Events.--
        (1) In general.--Not later than 12 months after the date of the 
    enactment of this Act, the Secretary shall establish and maintain a 
    database of injuries and deaths in nontraffic, noncrash events 
    involving motor vehicles.
        (2) Contents.--The database established pursuant to paragraph 
    (1) shall include information regarding--
            (A) the number, types, and causes of injuries and deaths 
        resulting from the events described in paragraph (1);
            (B) the make, model, and model year of motor vehicles 
        involved in such events, when practicable; and
            (C) other variables that the Secretary determines will 
        enhance the value of the database.
        (3) Availability.--The Secretary shall make the information 
    contained in the database established pursuant to paragraph (1) 
    available to the public through the Internet and other means.
SEC. 3. CHILD SAFETY INFORMATION PROGRAM.
    (a) In General.--Not later than 9 months after the date of the 
enactment of this Act, the Secretary shall provide information about 
hazards to children in nontraffic, noncrash incident situations by--
        (1) supplementing an existing consumer information program 
    relating to child safety; or
        (2) creating a new consumer information program relating to 
    child safety.
    (b) Program Requirements.--In carrying out the program under 
subsection (a), the Secretary shall--
        (1) utilize information collected pursuant to section 2(f) 
    regarding nontraffic, noncrash injuries, and other relevant data 
    the Secretary considers appropriate, to establish priorities for 
    the program;
        (2) address ways in which parents and caregivers can reduce 
    risks to small children arising from back over incidents, 
    hyperthermia in closed motor vehicles, accidental actuation of 
    power windows, and any other risks the Secretary determines should 
    be addressed; and
        (3) make information related to the program available to the 
    public through the Internet and other means.
SEC. 4. DEADLINES.
    If the Secretary determines that the deadlines applicable under 
this Act cannot be met, the Secretary shall--
        (1) establish new deadlines; and
        (2) notify the Committee on Energy and Commerce of the House of 
    Representatives and the Committee on Commerce, Science, and 
    Transportation of the Senate of the new deadlines and describing 
    the reasons the deadlines specified under this Act could not be 
    met.

                               Speaker of the House of Representatives.

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


Output: Cameron Gulbransen Kids Transportation Safety Act of 2007 or the K.T. Safety Act of 2007 - Directs the Secretary of Transportation to initiate a rulemaking for motor vehicles to require: (1) automatic reversal of direction by power windows and panels when they detect an obstruction; (2) an expanded rearward field of view to prevent backing incidents; and (3) automatic transmissions to have an anti-rollaway system that requires the service brake to be depressed before the transmission can be shifted out of park, which shall function in any starting system key position in which the transmission can be shifted out of park. Requires the Secretary, if it is determined that no additional safety standards are reasonable and appropriate, to: (1) report to Congress the reason such standards were not prescribed; and (2) make available to the public information on which vehicles are or are not equipped with automatic reversal of direction by power windows and panels when they detect an obstruction.

Provides a phase-in period for the power window and rearward visibility provisions.

Requires: (1) motor vehicle manufacturers for each year through 2010 to transmit to the Secretary the make and model of motor vehicles with automatic transmissions that do not have an anti-rollaway system; and (2) the Secretary to make such information available to the public.

Requires the Secretary to: (1) establish and maintain a database of injuries and deaths in nontraffic, noncrash motor vehicle events; (2) supplement an existing consumer information program on child safety or create a new program with information about hazards to children in nontraffic, noncrash incident situations; and (3) make such information available to the public.