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

    This Act may be cited as the ``Muhammad Ali Commemorative Coin 
Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) Muhammad Ali was an Olympic gold medalist, 3-time World 
        Heavyweight Champion boxer, and one of the most celebrated and 
        well-known athletes in American history;
            (2) Muhammad Ali showed, beyond his impressive fighting 
        prowess in the boxing ring, even greater courage and tenacity 
        as an advocate outside the ring;
            (3) Muhammad Ali was a great philanthropist and a strong 
        champion of peace, equality, and freedom;
            (4) Muhammad Ali remains an icon of freedom of conscience;
            (5) Muhammad Ali was a prominent African American of the 
        Muslim faith, and was, and continues to be, a role model to the 
        citizens of the United States of all races, ethnicities, and 
        religions;
            (6) Muhammad Ali used his fame to advocate for humanitarian 
        causes in audiences with world leaders ranging from religious 
        leaders to heads of state; and
            (7) Muhammad Ali inspired people around the globe in 
        displaying the same vibrant and larger-than-life character and 
        dedication in spite of his physical ailments.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--The Secretary of the Treasury (hereafter in 
this Act referred to as the ``Secretary'') shall mint and issue the 
following coins in commemoration of Muhammad Ali:
            (1) $5 gold coins.--Not more than 100,000 $5 coins, which 
        shall--
                    (A) weigh 8.359 grams;
                    (B) have a diameter of 0.850 inches; and
                    (C) contain 90 percent gold and 10 percent alloy.
            (2) $1 silver coins.--Not more than 350,000 $1 coins, which 
        shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain not less than 90 percent silver.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of section 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of the life and legacy of Muhammad Ali.
            (2) Design and inscriptions.--On each coin minted under 
        this Act there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the year 2020; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with the 
        Muhammad Ali Center; and
            (2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Mint Facility.--Only 1 facility of the United States Mint may 
be used to strike any particular quality of the coins minted under this 
Act.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the 1-year period beginning on January 1, 
2020.

SEC. 6. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at a price equal to the sum of--
            (1) the face value of the coins;
            (2) the surcharge provided in section 7(a) with respect to 
        such coins; and
            (3) the cost of designing and issuing the coins (including 
        labor, materials, dies, use of machinery, overhead expenses, 
        marketing, and shipping).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for the coins minted under this Act before the issuance of such 
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders 
        under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins issued under this Act shall 
include a surcharge of--
            (1) $35 per coin for the $5 coin; and
            (2) $10 per coin for the $1 coin.
    (b) Distribution.--Subject to section 5134(f)(1) of title 31, 
United States Code, all surcharges received by the Secretary from the 
sale of coins issued under this Act shall be promptly paid by the 
Secretary as follows:
            (1) Eighty percent of the surcharges shall be paid to the 
        Muhammad Ali Center in Louisville, Kentucky, to ensure growth 
        and innovation in museum programming to research, promote, and 
        educate on the legacy of Muhammad Ali.
            (2) Ten percent of the surcharges shall be paid to the 
        Muhammad Ali Institute for Peace and Justice at the University 
        of Louisville to advance the work, study and practice of 
        peacebuilding, social justice, and violence prevention through 
        the development of innovative educational programs, training, 
        service, and research.
            (3) Ten percent of the surcharges shall be paid to the 
        Muhammad Ali Parkinson Center (MAPC) and Movement Disorder 
        Clinic to continue serving as a resource for Parkinson's 
        disease patients and their families through the provision of 
        diagnosis, treatments, research, and education.
    (c) Audit.--The Comptroller General of the United States shall have 
the right to examine such books, records, documents, and other data of 
each of the organizations referred to in subsection (b) as may be 
related to the expenditures of amounts paid under that subsection.
    (d) Limitations.--Notwithstanding subsection (a), no surcharge may 
be included with respect to the issuance under this Act of any coin 
during a calendar year if, as of the time of such issuance, the 
issuance of such coin would result in the number of commemorative coin 
programs issued during such year to exceed the annual 2 commemorative 
coin program issuance limitation under section 5112(m)(1) of title 31, 
United States Code (as in effect on the date of the enactment of this 
Act). The Secretary of the Treasury may issue guidance to carry out 
this subsection.
answer:
Muhammad Ali Commemorative Coin Act This bill requires the Department of the Treasury to mint and issue commemorative coins that emblemize the life and legacy of Muhammad Ali.&nbsp; Surcharges received from the sale of these coins shall be paid to: (1) the Muhammad Ali Center in Louisville, Kentucky; (2) the Muhammad Ali Institute for Peace and Justice at the University of Louisville; and (3) the Muhammad Ali Parkinson Center and Movement Disorder Clinic.


question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Meningococcal Vaccination Act of 
2004''.

SEC. 2. VACCINATION REQUIREMENTS.

    Part G of title IV of the Higher Education Act of 1965 is amended 
by inserting after section 485C (20 U.S.C. 1092c) the following new 
section:

``SEC. 485D. VACCINATION REQUIREMENTS.

    ``(a) Definitions.--As used in this section:
            ``(1) The term `enrolled' means having registered for a 
        credit or noncredit course.
            ``(2) The term `postsecondary institution' means a school 
        of post-secondary education that generally limits enrollment to 
        graduates of secondary schools and awards degrees at the 
        associate, baccalaureate, or graduate level.
            ``(3) The term `meningococcal vaccination' means receipt of 
        the vaccine protecting against at least the four serogroups of 
        A, C, Y, and W-135 of meningococcal disease within the 3 years 
        preceding the date on which the individual moves into on-campus 
        student housing.
            ``(4) The term `on-campus student housing' means housing 
        provided to individuals, regardless of the fee, that is owned, 
        rented, or contracted for and operated by a postsecondary 
        institution, or through written agreement, with an agent of the 
        postsecondary institution.
    ``(b) Required Meningococcal Vaccination.--Except as provided in 
subsection (c), an individual enrolled in a postsecondary institution 
living in on-campus student housing shall--
            ``(1) obtain a meningococcal vaccination; and
            ``(2) submit written documentation to the postsecondary 
        institution from a health care professional or clinic of 
        receipt of a meningococcal vaccination.
    ``(c) Notification of Required Meningococcal Vaccination.--A 
postsecondary institution shall--
            ``(1) inform an individual or the parent or guardian of an 
        individual younger than 18 years old of the requirement for 
        meningococcal vaccination at the time the individual--
                    ``(A) is accepted for admission to a postsecondary 
                institution; or
                    ``(B) registers for classes, if the individual is 
                not required to apply for admission before registering 
                for courses;
            ``(2) include notice of the requirement for meningococcal 
        vaccination in--
                    ``(A) admission acceptance information;
                    ``(B) student health-related information and 
                materials;
                    ``(C) resident life information and materials;
                    ``(D) the student handbook; and
                    ``(E) the college catalog; and
            ``(3) provide detailed information to an individual who 
        resides or may reside in on-campus student housing or the 
        parent or guardian of an individual younger than 18 years old 
        who resides or may reside in on-campus student housing 
        concerning--
                    ``(A) the risks associated with meningococcal 
                disease; and
                    ``(B) the availability and effectiveness of 
                meningococcal vaccine.
    ``(d) Exemption From Meningococcal Vaccination Requirement.--
            ``(1) Adults.--An individual 18 years old or older is 
        exempt from the meningococcal vaccination requirement under 
        section 3 if the individual presents to the postsecondary 
        institution a signed written waiver in the form required by 
        section 6 stating that the individual has--
                    ``(A) received and reviewed the information 
                specified in section 4; and
                    ``(B) chosen not to obtain the meningococcal 
                vaccination.
            ``(2) Minors.--An individual younger than 18 years old is 
        exempt from the meningococcal vaccination requirement under 
        section 3 if a signed written waiver in the form required by 
        section 6 is presented to the postsecondary institution on 
        behalf of the individual stating that a parent or guardian of 
        the individual has--
                    ``(A) received and reviewed the information 
                specified in section 4; and
                    ``(B) chosen not to have the individual obtain the 
                meningococcal vaccination.
    ``(e) Waiver Form.--
            ``(1) Adults.--A waiver form for an individual 18 years old 
        or older shall--
                    ``(A) state that the individual--
                            ``(i) is 18 years old or older;
                            ``(ii) has received and reviewed the 
                        information provided by the postsecondary 
                        institution on the risk of meningococcal 
                        disease and the availability and effectiveness 
                        of meningococcal vaccine; and
                            ``(iii) chooses to waive the receipt of 
                        meningococcal vaccine; and
                    ``(B) provide spaces for the--
                            ``(i) printed name of the individual;
                            ``(ii) signature of the individual; and
                            ``(iii) date.
            ``(2) Minors.--A waiver form for an individual younger than 
        18 years old shall--
                    ``(A) state that--
                            ``(i) the individual is younger than 18 
                        years old;
                            ``(ii) the parent or guardian of the 
                        individual has received and reviewed the 
                        information provided by the postsecondary 
                        institution on the risk of meningococcal 
                        disease and the availability and effectiveness 
                        of meningococcal vaccine; and
                            ``(iii) the parent or guardian of the 
                        individual chooses to waive the receipt of 
                        meningococcal vaccine for the individual; and
                    ``(B) provide spaces for the--
                            ``(i) printed name of the individual;
                            ``(ii) printed name of the parent or 
                        guardian;
                            ``(iii) signature of the parent or 
                        guardian; and
                            ``(iv) date.
    ``(f) Payment for Inoculation.--Nothing in this section shall be 
construed to require a postsecondary institution or a local public 
health agency to provide or pay for a meningococcal vaccination.''.
answer:
Meningococcal Vaccination Act of 2004 - Amends the Higher Education Act of 1965 to require entering students who will reside in on-campus housing at postsecondary institutions to have received meningococcal vaccinations.


question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crowdfunding Amendments Act''.

SEC. 2. CROWDFUNDING VEHICLES.

    (a) Amendments to the Securities Act of 1933.--The Securities Act 
of 1933 (15 U.S.C. 77a et seq.) is amended--
            (1) in section 2(a) (15 U.S.C. 77b(a)), by adding at the 
        end the following:
            ``(20) The term `crowdfunding vehicle' has the meaning 
        given the term in section 3(c)(15)(B) of the Investment Company 
        Act of 1940 (15 U.S.C. 80a-3(c)(15)(B)).'';
            (2) in section 4(a)(6) (15 U.S.C. 77d(a)(6))--
                    (A) in subparagraph (A)--
                            (i) by inserting ``, other than a 
                        crowdfunding vehicle,'' after ``sold to all 
                        investors''; and
                            (ii) by inserting ``other than a 
                        crowdfunding vehicle,'' after ``the issuer,''; 
                        and
                    (B) in subparagraph (B), in the matter preceding 
                clause (i), by inserting ``, other than a crowdfunding 
                vehicle,'' after ``any investor''; and
            (3) in section 4A(f) (15 U.S.C. 77d-1(f))--
                    (A) in the matter preceding paragraph (1), by 
                striking ``Section 4(6)'' and inserting ``Section 
                4(a)(6)''; and
                    (B) in paragraph (3), by inserting ``by any of 
                paragraphs (1) through (14) of'' before ``section 
                3(c)''.
    (b) Amendments to the Investment Company Act of 1940.--Section 3(c) 
of the Investment Company Act of 1940 (15 U.S.C. 80a-3(c)) is amended 
by adding at the end the following:
            ``(15)(A) Any crowdfunding vehicle.
            ``(B) For purposes of this paragraph, the term 
        `crowdfunding vehicle' means a company--
                    ``(i) the purpose of which (as set forth in the 
                organizational documents of the company) is limited to 
                acquiring, holding, and disposing of securities issued 
                by a single company in one or more transactions made 
                under section 4(a)(6) of the Securities Act of 1933 (15 
                U.S.C. 77d(a)(6));
                    ``(ii) that issues only 1 class of securities;
                    ``(iii) that receives no compensation in connection 
                with the acquisition, holding, or disposition of 
                securities described in clause (i);
                    ``(iv) no investment adviser or associated person 
                of which receives any compensation on the basis of a 
                share of capital gains upon, or capital appreciation 
                of, any portion of the funds of an investor of the 
                company;
                    ``(v) the securities of which have been issued in a 
                transaction made under section 4(a)(6) of the 
                Securities Act of 1933 (15 U.S.C. 77d(a)(6)), where 
                both the crowdfunding vehicle and the company whose 
                securities the crowdfunding vehicle holds are co-
                issuers;
                    ``(vi) that is current with respect to ongoing 
                reporting requirements under section 227.202 of title 
                17, Code of Federal Regulations, or any successor 
                regulation;
                    ``(vii) that holds securities of a company that is 
                subject to ongoing reporting requirements under section 
                227.202 of title 17, Code of Federal Regulations, or 
                any successor regulation; and
                    ``(viii) that is advised by an investment adviser 
                that is--
                            ``(I) registered under the Investment 
                        Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.); 
                        and
                            ``(II) required to--
                                    ``(aa) disclose to the investors of 
                                the company any fees charged by the 
                                investment adviser; and
                                    ``(bb) obtain approval from a 
                                majority of the investors of the 
                                company with respect to any increase in 
                                the fees described in item (aa).''.
    (c) Amendments to the Investment Advisers Act of 1940.--The 
Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.) is amended--
            (1) in section 202(a) (15 U.S.C. 80b-2(a))--
                    (A) by redesignating the second paragraph (29) as 
                paragraph (31); and
                    (B) by adding at the end the following:
            ``(32) The term `crowdfunding vehicle' has the meaning 
        given the term in section 3(c)(15)(B) of the Investment Company 
        Act of 1940 (15 U.S.C. 80a-3(c)(15)(B)).
            ``(33)(A) The term `crowdfunding vehicle adviser' means an 
        investment adviser that acts as an investment adviser solely 
        with respect to crowdfunding vehicles.
            ``(B) A determination, for the purposes of subparagraph 
        (A), regarding whether an investment adviser acts as an 
        investment adviser solely with respect to crowdfunding vehicles 
        shall not include any consideration of the activity of any 
        affiliate of the investment adviser.'';
            (2) in section 203 (15 U.S.C. 80b-3), by adding at the end 
        the following:
    ``(o) Crowdfunding Vehicle Advisers.--
            ``(1) In general.--A crowdfunding vehicle adviser shall be 
        required to register under this section.
            ``(2) Tailored requirements.--As necessary or appropriate 
        in the public interest and for the protection of investors, and 
        to promote efficiency, competition, and capital formation, the 
        Commission may tailor the requirements under section 
        275.206(4)-2 of title 17, Code of Federal Regulations, with 
        respect to the application of those requirements to a 
        crowdfunding vehicle adviser.''; and
            (3) in section 203A(a) (15 U.S.C. 80b-3a(a))--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by striking ``or'' 
                        at the end;
                            (ii) in subparagraph (B), by striking the 
                        period at the end and inserting ``; or''; and
                            (iii) by adding at the end the following:
                    ``(C) is a crowdfunding vehicle adviser.''; and
                    (B) in paragraph (2)--
                            (i) in subparagraph (A), by inserting ``a 
                        crowdfunding vehicle adviser,'' after ``unless 
                        the investment adviser is''; and
                            (ii) in subparagraph (B)(ii), in the matter 
                        preceding subclause (I), by inserting ``except 
                        with respect to a crowdfunding vehicle 
                        adviser,'' before ``has assets''.

SEC. 3. CROWDFUNDING EXEMPTION FROM REGISTRATION.

    Section 12(g)(6) of the Securities Exchange Act of 1934 (15 U.S.C. 
78l(g)(6)) is amended--
            (1) by striking ``The Commission'' and inserting the 
        following:
                    ``(A) In general.--The Commission'';
            (2) in subparagraph (A), as so designated, by striking 
        ``section 4(6)'' and inserting ``section 4(a)(6)''; and
            (3) by adding at the end the following:
                    ``(B) Treatment of securities issued by certain 
                issuers.--
                            ``(i) In general.--An exemption under 
                        subparagraph (A) shall be unconditional for 
                        securities offered by an issuer that had a 
                        public float of less than $75,000,000, as of 
                        the last business day of the most recently 
                        completed semiannual period of the issuer, 
                        which shall be calculated in accordance with 
                        clause (ii).
                            ``(ii) Calculation.--
                                    ``(I) In general.--A public float 
                                described in clause (i) shall be 
                                calculated by multiplying the aggregate 
                                worldwide number of shares of the 
                                common equity securities of an issuer 
                                that are held by non-affiliates by the 
                                price at which those securities were 
                                last sold (or the average bid and asked 
                                prices of those securities) in the 
                                principal market for those securities.
                                    ``(II) Calculation of zero.--If a 
                                public float calculation under 
                                subclause (I) with respect to an issuer 
                                is zero, an exemption under 
                                subparagraph (A) shall be unconditional 
                                for securities offered by the issuer if 
                                the issuer had annual revenues of less 
                                than $50,000,000, as of the most 
                                recently completed fiscal year of the 
                                issuer.''.
answer:

Crowdfunding Amendments Act This bill amends the Securities Act of 1933 to allow a crowdfunding issuer to sell shares through a crowdfunding vehicle. (Crowdfunding is a method of capital formation in which groups of people pool money to invest in a company or to support an effort to accomplish a specific goal.) A "crowdfunding vehicle" is defined as a company that:  has purposes limited to acquiring, holding, and disposing only one class of crowdfunding securities issued by a single company;  receives no compensation for doing so; and  meets&nbsp;other specified requirements, including those&nbsp;related to reporting obligations and the use of investment advisers.  The bill amends the Investment Advisers Act of 1940 to provide for the registration of crowdfunding vehicle advisers.  The bill amends the Securities Exchange Act of 1934 to revise the conditions upon which the Securities and Exchange Commission (SEC) shall exempt securities issued in crowdfunding transactions from registration requirements. Under current law, holders of crowdfunded shares do not count toward the shareholder threshold beyond which an issuer is required to register its securities with the SEC, provided that the issuer: (1) is current in its annual reporting obligations, (2) retains the services of a registered transfer agent, and (3) has less than $25 million in assets. The bill maintains this exemption but alters the&nbsp;conditions upon which it applies. Specifically, holders of crowdfunded shares shall not count toward the shareholder threshold if the issuer has: (1)&nbsp;a public float of less than $75 million, or (2) a public float&nbsp;of $0 and annual revenues of less than $50 million.