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

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Animal Welfare Accountability and 
Transparency Act''.

SEC. 2. PUBLIC AVAILABILITY OF REGULATORY RECORDS.

    Notwithstanding any other provision of law, not later than 90 days 
after the date of enactment of this Act, the Secretary of Agriculture 
(referred to in this section as the ``Secretary'') shall maintain and 
promptly make available to the public in an online searchable database 
in a machine-readable format on the website of the Department of 
Agriculture information relating to the administration of the Animal 
Welfare Act (7 U.S.C. 2131 et seq.) and the Horse Protection Act (15 
U.S.C. 1821 et seq.), including--
            (1) the entirety of each report of any inspection 
        conducted, and record of any enforcement action taken, under--
                    (A) either of those Acts; or
                    (B) any regulation issued under those Acts;
            (2) with respect to the Animal Welfare Act--
                    (A) the entirety of each annual report submitted by 
                a research facility under section 13 of that Act (7 
                U.S.C. 2143); and
                    (B) the name, address, and license or registration 
                number of each research facility, exhibitor, dealer, 
                and other person or establishment--
                            (i) licensed by the Secretary under section 
                        3 or 12 of that Act (7 U.S.C. 2133, 2142); or
                            (ii) registered with the Secretary under 
                        section 6 of that Act (7 U.S.C. 2136); and
            (3) with respect to the Horse Protection Act, the name and 
        address of--
                    (A) any person that is licensed to conduct any 
                inspection under section 4(c) of that Act (15 U.S.C. 
                1823(c)); or
                    (B) any organization or association that is 
                licensed by the Department of Agriculture to promote 
                horses through--
                            (i) the showing, exhibiting, sale, auction, 
                        or registry of horses; or
                            (ii) the conduct of any activity that 
                        contributes to the advancement of horses.

SEC. 3. USE OF ALTERNATIVE DEPRECIATION SYSTEM FOR TAXPAYERS VIOLATING 
              CERTAIN ANIMAL PROTECTION RULES.

    (a) In General.--Section 168(g)(1) of the Internal Revenue Code of 
1986 is amended by striking ``and'' at the end of subparagraph (D), by 
inserting ``and'' at the end of subparagraph (E), and by inserting 
after subparagraph (E) the following new subparagraph:
                    ``(F) any property placed in service by a 
                disqualified taxpayer during an applicable period,''.
    (b) Definitions.--Section 168(g) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new paragraph:
            ``(8) Disqualified taxpayer; applicable period.--For 
        purposes of paragraph (1)(F)--
                    ``(A) Disqualified taxpayer.--
                            ``(i) In general.--The term `disqualified 
                        taxpayer' means any taxpayer if such taxpayer--
                                    ``(I) has been assessed a civil 
                                penalty under section 19(b) of the 
                                Animal Welfare Act (7 U.S.C. 2149(b)) 
                                or section 6(b) of the Horse Protection 
                                Act (15 U.S.C. 1825(b)) and either the 
                                period for seeking judicial review of 
                                the final agency action has lapsed or 
                                there has been a final judgment with 
                                respect to an appeal of such 
                                assessment, or
                                    ``(II) has been convicted under 
                                section 19(d) of the Animal Welfare Act 
                                (7 U.S.C. 2149(d)) or section 6(a) of 
                                the Horse Protection Act (15 U.S.C. 
                                1825(a)) and there is a final judgment 
                                with respect to such conviction.
                            ``(ii) Aggregation rules.--All persons 
                        treated as a single employer under subsection 
                        (a) or (b) of section 52, or subsection (m) or 
                        (o) of section 414, shall be treated as one 
                        taxpayer for purposes of this subparagraph.
                    ``(B) Applicable period.--The term `applicable 
                period' means, with respect to any violation described 
                in subparagraph (A), the 5-taxable-year period 
                beginning with the taxable year in which the period for 
                seeking judicial review of a civil penalty described in 
                subparagraph (A)(i) has lapsed or in which there has 
                been a final judgment entered with respect to the 
                violation, whichever is earlier.''.
    (c) Conforming Amendment.--The last sentence of section 179(d)(1) 
is amended by inserting ``or any property placed in service by a 
disqualified taxpayer (as defined in section 168(g)(8)(A)) during an 
applicable period (as defined in section 168(g)(8)(B))'' after 
``section 50(b)''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service in taxable years beginning after 
the date of the enactment of this section.
Example Output: Animal Welfare Accountability and Transparency Act  This bill requires the Department of Agriculture (USDA) to maintain and publicly disclose records relating to the administration of the Animal Welfare Act and the Horse Protection Act, including specified details regarding inspections, enforcement actions, regulations, registrations, and licenses under the two laws. Within 90 days of the enactment of this bill, USDA must make the records available to the public in an online searchable database in a machine-readable format on its website.  The bill also amends the Internal Revenue Code to require a taxpayer who has been convicted or assessed civil penalties for violating certain provisions of the Animal Welfare Act or the Horse Protection Act to use the alternative depreciation system that increases the number of years over which property is depreciated. The taxpayer must use the system for any property placed in service during the five-year period beginning with the year in which the period for seeking judicial review of a civil penalty has lapsed or in which there has been a final judgment entered with respect to the violation, whichever is earlier. 

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Civil War Sesquicentennial 
Commission Act''.

SEC. 2. PURPOSE.

    The purpose of this Act is to establish a Civil War 
Sesquicentennial Commemoration Commission to--
            (1) ensure a suitable national observance of the 
        sesquicentennial of the Civil War that includes recognition of 
        the historic, social, legal, cultural, and political forces 
        that--
                    (A) brought about the Civil War; and
                    (B) influenced the course and outcomes of the Civil 
                War;
            (2) explore the causes of the Civil War to gain a better 
        understanding of the reasons that the democratic framework of 
        the United States failed to resolve the sectional issues 
        without resorting to war;
            (3) fully examine and reflect on the consequences of the 
        Civil War, which Congress directed the National Park Service to 
        address in National Park Service programs and materials 
        beginning in 1999, including consequences such as--
                    (A) the Reconstruction era and the aftermath of 
                that era;
                    (B) the economic devastation of the entire South as 
                a result of long-term post-war policies;
                    (C) the concomitant constriction of equal rights 
                for African-American citizens; and
                    (D) the ultimate economic recovery of the region 
                and the extension of civil rights for the descendants 
                of enslaved peoples almost a century later;
            (4) assist States and national organizations with programs 
        and activities for the observance of the sesquicentennial of 
        the Civil War;
            (5) assist in ensuring that any observance of the 
        sesquicentennial of the Civil War is inclusive and 
        appropriately recognizes the experiences and points of view of 
        all people affected by the Civil War; and
            (6) provide assistance for the development of programs, 
        projects, and activities on the Civil War that have lasting 
        educational and preservation value.

SEC. 3. CIVIL WAR SESQUICENTENNIAL COMMEMORATION COMMISSION.

    The Secretary of the Interior shall establish a commission to be 
known as the Civil War Sesquicentennial Commemoration Commission 
(referred to in this Act as the ``Commission'').

SEC. 4. COMPOSITION OF THE COMMISSION.

    (a) In General.--The Commission shall be composed of 25 members as 
follows:
            (1) Government members.--The Commission shall include--
                    (A) 2 Members of the Senate appointed by the 
                President pro tempore of the Senate, in consultation 
                with the majority leader and the minority leader of the 
                Senate;
                    (B) 2 Members of the House of Representatives 
                appointed by the Speaker of the House of 
                Representatives, in consultation with the minority 
                leader of the House of Representatives;
                    (C) the Secretary of the Interior or the designee 
                of the Secretary;
                    (D) the Secretary of the Smithsonian Institution, 
                or the designee of the Secretary;
                    (E) the Secretary of Education, or the designee of 
                the Secretary;
                    (F) the Secretary of Defense, or the designee of 
                the Secretary;
                    (G) the Chairman of the National Endowment for the 
                Humanities, or the designee of the Chairman;
                    (H) the Chairman of the National Endowment for the 
                Arts, or the designee of the Chairman;
                    (I) the Archivist of the United States, or the 
                designee of the Archivist;
                    (J) the Librarian of Congress, or the designee of 
                the Librarian; and
                    (K) the Director of the National Park Service, or 
                the designee of the Director.
            (2) Private members.--The Commission shall include--
                    (A) 3 members appointed by the President from among 
                individuals who are representative of the corporate 
                community and nonprofit community; and
                    (B) 9 individuals, appointed by the President, from 
                among persons who by reason of education, training, and 
                experience, are experts on the Antebellum, Civil War, 
                and Reconstruction eras and the preservation, 
                interpretation, and presentation of those eras to the 
                public, including--
                            (i) 5 individuals with expertise in history 
                        or related academic disciplines germane to the 
                        Civil War, including--
                                    (I) individuals representing the 
                                museum community, in particular history 
                                museums and historical societies, such 
                                as the National Civil War Museum;
                                    (II) individuals with expertise in 
                                art history, historic preservation, or 
                                a related field;
                                    (III) individuals with expertise in 
                                anthropology, cultural geography, 
                                sociology, or a related field; and
                                    (IV) individuals with expertise in 
                                political science, law, economics, or a 
                                related field;
                            (ii) 1 individual with expertise in the 
                        preservation of Civil War historic sites and 
                        battlefields; and
                            (iii) 3 individuals representing State 
                        Civil War sesquicentennial efforts.
    (b) Terms.--
            (1) Government members.--If any member of the Commission 
        who was appointed as an officer under subsection (a)(1) leaves 
        that office, the member may continue as a member of the 
        Commission for not longer than the 30-day period beginning on 
        the date on which the member leaves the office.
            (2) Private members.--Private members appointed under 
        subsection (a)(2) shall be appointed for the life of the 
        Commission.
    (c) Vacancies.--Any vacancy in the Commission shall not affect its 
powers, and shall be filled in the same manner as the original 
appointment.
    (d) Initial Appointments.--The appointment of the members of the 
Commission shall be made not later than 60 days after the date of 
enactment of this Act.

SEC. 5. GENERAL PROVISIONS.

    (a) Meetings.--
            (1) Initial meeting.--Not later than 60 days after the date 
        on which all members of the Commission have been appointed, the 
        members appointed under subparagraphs (A) and (B) of section 
        4(a)(2) shall call the first meeting of the Commission.
            (2) Subsequent meetings.--The Commission shall hold 
        subsequent meetings at the call of the chairperson.
    (b) Chairperson and Vice Chairperson.--At the initial meeting, the 
Commission shall elect a Chairperson and Vice Chairperson from among 
its voting members.
    (c) Quorum.--A majority of voting members shall constitute a 
quorum, but a lesser number may hold meetings.
    (d) Voting.--
            (1) In general.--The Commission shall act only on an 
        affirmative vote of a majority of the voting members of the 
        Commission.
            (2) Nonvoting members.--The individuals appointed under 
        subparagraphs (A) and (B) of section 4(a)(1) shall be nonvoting 
        members, and shall serve only in an advisory capacity.

SEC. 6. DUTIES OF THE COMMISSION.

    (a) Activities Related to the Sesquicentennial.--The Commission 
shall--
            (1) plan, develop, and carry out programs and activities 
        appropriate to commemorate the sesquicentennial of the Civil 
        War, including activities in recognition of the historic, 
        social, legal, cultural, and political forces that--
                    (A) caused the Civil War; and
                    (B) influenced the course and outcomes of the Civil 
                War;
            (2) encourage interdisciplinary examination of the Civil 
        War;
            (3) facilitate and promote Civil War-related activities 
        throughout the United States;
            (4) encourage civic, historical, educational, economic, 
        preservation, and other organizations throughout the United 
        States to organize and participate in activities to expand the 
        understanding and appreciation of the significance of the Civil 
        War;
            (5) coordinate and facilitate the public distribution of 
        scholarly research, publications, and interpretations of the 
        Civil War through institutions such as the Virginia Center for 
        Digital History at the University of Virginia, the Valley of 
        the Shadow, Center for Study of the American South at the 
        University of North Carolina, and the Center for the Study of 
        Southern Culture at the University of Mississippi;
            (6) coordinate with, and provide technical assistance to, 
        States, units of local government, and nonprofit organizations 
        (including State and local sesquicentennial commemoration 
        entities) to further the commemoration of the sesquicentennial 
        of the Civil War;
            (7) coordinate and facilitate commemoration activities of 
        Federal agencies relating to the sesquicentennial of the Civil 
        War;
            (8) develop programs and facilities to ensure that the 
        sesquicentennial commemoration of the Civil War results in a 
        positive legacy and long-term public benefit;
            (9) encourage and facilitate the preservation of Civil War-
        related historic sites and battlefields as a lasting legacy of 
        the sesquicentennial commemoration;
            (10) plan, develop, and carry out programs and activities 
        to use funds raised from individuals, foundations, and 
        corporations for sesquicentennial activities at the national 
        level;
            (11) at the election of the Commission, provide funds to 
        State and local programs to carry out activities that advance 
        the goals of the Commission; and
            (12) encourage the development and conduct of programs 
        designed to involve the international community in activities 
        that commemorate the Civil War.
    (b) Plans and Report.--
            (1) Strategic plan and annual performance plans.--The 
        Commission shall prepare a strategic plan in accordance with 
        section 306 of title 5, United States Code, and annual 
        performance plans in accordance with section 1115 of title 31, 
        United States Code, for the activities of the Commission 
        carried out under this Act.
            (2) Reports.--
                    (A) Annual report.--The Commission shall submit to 
                Congress an annual report that contains a list of each 
                gift, bequest, or devise with a value of more than 
                $250, together with the identity of the donor of each 
                such gift, bequest, or devise.
                    (B) Final report.--Not later than December 30, 
                2015, the Commission shall submit to Congress a final 
                report that contains--
                            (i) a summary of activities of the 
                        Commission;
                            (ii) a final accounting of funds received 
                        and expended by the Commission; and
                            (iii) the findings and recommendations of 
                        the Commission.

SEC. 7. GRANT PROGRAM.

    (a) Grants Authorized.--The National Endowment for the Humanities 
shall award grants under this section for the uses described in 
subsection (b).
    (b) Use of Grants.--Grants awarded under this section shall be used 
for appropriate activities relating to the sesquicentennial of the 
Civil War.
    (c) Consideration.--In awarding grants under this section, the 
National Endowment of the Humanities shall consider and give priority 
to programs carried out by institutions of higher education, museums, 
nonprofit organizations, professional associations, or State 
sesquicentennial commissions with a national scope that support the 
duties of the Commission described in section 6, including programs 
that concentrate on the role of African Americans in the Civil War.

SEC. 8. POWERS OF THE COMMISSION.

    The Commission may--
            (1) solicit, accept, use, and dispose of gifts, bequests, 
        or devises of money or other real or personal property for the 
        purpose of aiding or facilitating the work of the Commission;
            (2) appoint any advisory committee as the Commission 
        considers appropriate for the purposes of this Act;
            (3) authorize any voting member or employee of the 
        Commission to take any action that the Commission is authorized 
        to take under this Act;
            (4) procure supplies, services, and property, and make or 
        enter into contracts, leases, or other legal agreements to 
        carry out this Act (except that any contracts, leases, or other 
        legal agreements entered into by the Commission shall not 
        extend beyond the date of the termination of the Commission);
            (5) use the United States mails in the same manner and 
        under the same conditions as other Federal agencies; and
            (6) establish a foundation that is independent from, but 
        affiliated with, the Commission to support, as the Commission 
        determines to be necessary, the efforts of the Commission.

SEC. 9. PERSONNEL MATTERS.

    (a) Compensation of Members.--Members of the Commission, and 
members of any advisory committee appointed under section 8(2), shall 
serve without compensation.
    (b) Travel Expenses.--Members of the Commission, and members of any 
advisory committees appointed under section 8(2), shall be allowed 
travel expenses, including per diem in lieu of subsistence, at rates 
authorized for an employee of an agency under subchapter I of chapter 
57 of title 5, United States Code, while away from the home or regular 
place of business of the member in the performance of the duties of the 
Commission.
    (c) Staff.--
            (1) In general.--The Chairperson of the Commission may, 
        without regard to civil service laws (including regulations), 
        appoint and terminate an executive director and such other 
        additional personnel as are necessary to enable the Commission 
        to perform the duties of the Commission.
            (2) Confirmation of executive director.--The employment of 
        an executive director shall be subject to confirmation by the 
        Commission.
            (3) Compensation.--
                    (A) In general.--Except as provided in subparagraph 
                (B), the Chairperson of the Commission may fix the 
                compensation of the executive director and other 
                personnel without regard to the provisions of chapter 
                51 and subchapter III of chapter 53 of title 5, United 
                States Code, relating to classification of positions 
                and General Schedule pay rates.
                    (B) Maximum rate of pay.--The rate of pay for the 
                executive director and other personnel shall not exceed 
                the rate payable for level V of the Executive Schedule 
                under section 5316 of title 5, United States Code.
    (d) Detail of Government Employees.--
            (1) In general.--At the request of the Commission, the head 
        of any Federal agency may detail, on a reimbursable or 
        nonreimbursable basis, any of the personnel of the agency to 
        the Commission to assist the Commission in carrying out the 
        duties of the Commission under this Act.
            (2) Civil service status.--The detail of an employee under 
        paragraph (1) shall be without interruption or loss of civil 
        service status or privilege.
    (e) Volunteer and Uncompensated Services.--Notwithstanding section 
1342 of title 31, United States Code, the Commission may accept and use 
voluntary and uncompensated services as the Commission determines 
necessary.
    (f) Support Services.--The Director of the National Park Service 
shall provide to the Commission, on a reimbursable basis, such 
administrative support services as the Commission may request.
    (g) Procurement of Temporary and Intermittent Services.--The 
Chairperson of the Commission may procure temporary and intermittent 
services under section 3109(b) of title 5, United States Code, at daily 
rates for individuals which do not exceed the daily equivalent of the 
annual rate of basic pay prescribed for level V of the Executive 
Schedule under section 5316 of that title.
    (h) FACA Nonapplicability.--Section 14(b) of the Federal Advisory 
Committee Act (5 U.S.C. App.) shall not apply to the Commission.
    (i) Termination.--The Commission shall terminate on the date that 
is 90 days after the date on which the Commission submits its report 
under section 6(b)(2).

SEC. 10. AUDIT OF COMMISSION.

    The Inspector General of the Department of the Interior shall 
perform an annual audit of the Commission and shall make the results of 
the audit available to the public.

SEC. 11. AUTHORIZATION OF APPROPRIATIONS.

    (a) In General.--There is authorized to be appropriated to carry 
out this Act (other than section 7) $500,000 for each of fiscal years 
2012 through 2016.
    (b) Grants.--There is authorized to be appropriated $3,500,000 to 
the National Endowment for the Humanities to provide grants under 
section 7, to remain available until expended.
Example Output: Civil War Sesquicentennial Commission Act - Directs the Secretary of the Interior to establish a Civil War Sesquicentennial Commemoration Commission to plan, develop, and carry out programs and activities appropriate to commemorate the sesquicentennial of the Civil War, and to carry out other specified duties.

 Directs the National Endowment for the Humanities to award grants for appropriate activities relating to the Civil War sesquicentennial, and to consider and give priority to programs carried out by institutions of higher education, museums, nonprofit organizations, professional associations, or state sesquicentennial commissions that support the duties of the Commission, including those that concentrate on the role of African Americans in the Civil War.

Example Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``OPIC Termination Act''.

SEC. 2. TERMINATION OF OVERSEAS PRIVATE INVESTMENT CORPORATION.

    (a) Termination of Authority To Make New Obligations.--(1) 
Effective 60 days after the date of the enactment of this Act, the 
Overseas Private Investment Corporation shall not issue any insurance, 
guaranties, or reinsurance, make any loan, or acquire any securities, 
under section 234 of the Foreign Assistance Act of 1961, enter into any 
agreements for any other activity authorized by such section 234, or 
enter into risk sharing arrangements authorized by section 234A of that 
Act.
    (2) Paragraph (1) does not require the termination of any contract 
or other agreement entered into before such paragraph takes effect.
    (b) Termination of OPIC.--Effective 180 days after the date of the 
enactment of this Act, the Overseas Private Investment Corporation is 
abolished.
    (c) Transfer of Operations to OMB.--The Director of the Office of 
Management and Budget shall, effective 180 days after the date of the 
enactment of this Act, perform the functions of the Overseas Private 
Investment Corporation with respect to contracts and agreements 
described in subsection (a)(2) until the expiration of such contracts 
and agreements, but shall not renew any such contract or agreement. The 
Director shall take the necessary steps to wind up the affairs of the 
Corporation.
    (d) Repeal of Authorities.--Effective 180 days after the date of 
the enactment of this Act, title IV of chapter 2 of part I of the 
Foreign Assistance Act of 1961 (22 U.S.C. 2191 and following) is 
repealed, but shall continue to apply with respect to functions 
performed by the Director of the Office of Management and Budget under 
subsection (c).
    (e) Appropriations.--Funds available to the Corporation shall, upon 
the effective date of the repeal made by subsection (d), be transferred 
to the Director of the Office of Management and Budget for use in 
performing the functions of the Corporation under subsection (c). Upon 
the expiration of the contracts and agreements with respect to which 
the Director is exercising such functions, any unexpended balances of 
the funds transferred under this subsection shall be deposited in the 
Treasury as miscellaneous receipts.

SEC. 3. SAVINGS PROVISIONS.

    (a) Prior Determinations Not Affected.--The repeal made by section 
2(d) of the provisions of law set forth in such section shall not 
affect any order, determination, regulation, or contract that has been 
issued, made, or allowed to become effective under such provisions 
before the effective date of the repeal. All such orders, 
determinations, regulations, and contracts shall continue in effect 
until modified, superseded, terminated, set aside, or revoked in 
accordance with law by the President, the Director of the Office of 
Management and Budget, or other authorized official, a court of 
competent jurisdiction, or by operation of law.
    (b) Pending Proceedings.--(1) The repeal made by section 2(d) shall 
not affect any proceedings, including notices of proposed rulemaking, 
pending on the effective date of the repeal, before the Overseas 
Private Investment Corporation, except that no insurance, reinsurance, 
guarantee, or loan may be issued pursuant to any application pending on 
such effective date. Such proceedings, to the extent that they relate 
to functions performed by the Director of the Office of Management and 
Budget after such repeal, shall be continued. Orders shall be issued in 
such proceedings, appeals shall be taken therefrom, and payments shall 
be made pursuant to such orders, as if this Act had not been enacted; 
and orders issued in any such proceedings shall continue in effect 
until modified, terminated, superseded, or revoked by the Director, by 
a court of competent jurisdiction, or by operation of law. Nothing in 
this subsection shall be deemed to prohibit the discontinuance or 
modification of any such proceeding under the same terms and conditions 
and to the same extent that such proceeding could have been 
discontinued or modified if this Act had not been enacted.
    (2) The Director of the Office of Management and Budget is 
authorized to issue regulations providing for the orderly transfer of 
proceedings continued under paragraph (1).
    (c) Actions.--Except as provided in subsection (e)--
            (1) the provisions of this Act shall not affect suits 
        commenced before the effective date of the repeal made by 
        section 2(d); and
            (2) in all such suits, proceedings shall be had, appeals 
        taken, and judgments rendered in the same manner and effect as 
        if this Act had not been enacted.
    (d) Liabilities Incurred.--No suit, action, or other proceeding 
commenced by or against any officer in the official capacity of such 
individual as an officer of the Overseas Private Investment 
Corporation, shall abate by reason of the enactment of this Act. No 
cause of action by or against the Overseas Private Investment 
Corporation, or by or against any officer thereof in the official 
capacity of such officer shall abate by reason of the enactment of this 
Act.
    (e) Parties.--If, before the effective date of the repeal made by 
section 2(d), the Overseas Private Investment Corporation or an officer 
thereof in the official capacity of such officer, is a party to a suit, 
then such suit shall be continued with the Director of the Office of 
Management and Budget substituted or added as a party.
    (f) Review.--Orders and actions of the Director of the Office of 
Management and Budget in the exercise of functions of the Overseas 
Private Investment Corporation shall be subject to judicial review to 
the same extent and in the same manner as if such orders and actions 
had been issued or taken by the Overseas Private Investment 
Corporation. Any statutory requirements relating to notice, hearings, 
action upon the record, or administrative review that apply to any 
function of the Overseas Private Investment Corporation shall apply to 
the exercise of such function by the Director of the Office of 
Management and Budget.

SEC. 4. TECHNICAL AND CONFORMING AMENDMENTS.

    (a) Title 5, United States Code.--(1) Section 5314 of title 5, 
United States Code, is amended by striking:
            ``President, Overseas Private Investment Corporation.''.
    (2) Section 5315 of title 5, United States Code, is amended by 
striking:
            ``Executive Vice President, Overseas Private Investment 
        Corporation.''.
    (3) Section 5316 of title 5, United States Code, is amended by 
striking:
            ``Vice Presidents, Overseas Private Investment Corporation 
        (3).''.
    (b) Other Amendments and Repeals.--(1) Section 222(a) of the 
Foreign Assistance Act of 1961 is amended by inserting after ``section 
238(c)'' the following: ``as in effect on the day before the effective 
date of the repeal of that section made by section 2(d) of the OPIC 
Abolition Act''.
    (2) Section 2301(b)(9) of the Export Enhancement Act of 1988 (15 
U.S.C. 4721(b)(9)) is amended by striking ``the Overseas Private 
Investment Corporation,''.
    (3) Section 2312(d)(1) of the Export Enhancement Act of 1988 (15 
U.S.C. 4727(d)(1)) is amended--
            (A) by striking subparagraph (K); and
            (B) by redesignating subparagraphs (L) and (M) as 
        subparagraphs (K) and (L), respectively.
    (4) Section 5402(b) of the Omnibus Trade and Competitiveness Act of 
1988 (15 U.S.C. 4902(b)) is amended--
            (A) in paragraph (12) by adding ``and'' after the 
        semicolon;
            (B) by striking paragraph (13); and
            (C) by redesignating paragraph (14) as paragraph (13).
    (5) Section 624 of the Higher Education Act of 1965 (20 U.S.C. 
1131c) is amended by striking ``the Overseas Private Investment 
Corporation,''.
    (6) Section 481(e)(4)(A) of the Foreign Assistance Act of 1961 (22 
U.S.C. 2291(e)(4)(A)) is amended by striking ``(including programs 
under title IV of chapter 2, relating to the Overseas Private 
Investment Corporation)''.
    (7)(A) Section 574 of the Foreign Operations, Export Financing, and 
Related Programs Appropriations Act, 1996 (22 U.S.C. 2394 note) is 
amended--
            (i) by amending subsection (b) to read as follows:
    ``(b) Countries.--The countries referred to in subsection (a) are 
countries for which in excess of $5,000,000 has been obligated during 
the previous fiscal year for assistance under sections 103 through 106, 
chapters 10 and 11 of part I, and chapter 4 of part II of the Foreign 
Assistance Act of 1961, and under the Support for East European 
Democracy Act of 1989.''; and
            (ii) in the first sentence of subsection (c) by striking 
        ``the Administrator'' and all that follows through 
        ``Corporation'' and inserting ``and the Administrator of the 
        Agency for International Development''.
    (B) The amendment made by subparagraph (A) shall first apply to the 
annual report required to be submitted under section 574(a) of the 
Foreign Operations, Export Financing, and Related Programs 
Appropriations Act, 1996 in the fiscal year following the fiscal year 
in which no funds have been obligated by the Overseas Private 
Investment Corporation by virtue of this Act.
    (8) Section 2(c)(12) of the Support for East European Democracy 
(SEED) Act of 1989 (22 U.S.C. 5401(c)(12)) is repealed.
    (9) Section 202(b)(2)(B) of the Cuban Liberty and Democratic 
Solidarity (LIBERTAD) Act of 1996 (22 U.S.C. 6062(b)(2)(B)) is 
amended--
            (A) by striking clause (iv); and
            (B) by redesignating clauses (v), (vi), and (vii) as 
        clauses (iv), (v), and (vi), respectively.
    (10) Section 9101(3) of title 31, United States Code, is amended--
            (A) by striking subparagraph (H); and
            (B) by redesignating subparagraphs (I) through (P) as 
        subparagraphs (H) through (O), respectively.
    (11) The following provisions of law are repealed:
            (A) Section 5(b)(2) of the Overseas Private Investment 
        Corporation Amendments Act of 1981 (22 U.S.C. 2194a).
            (B) Section 5 of the Taiwan Relations Act (22 U.S.C. 3304).
            (C) Subsections (b), (c), and (d) of section 576 of the 
        Foreign Operations, Export Financing, and Related Programs 
        Appropriations Act, 1991.
            (D) Subsections (b), (c), and (d) of section 597 of the 
        Foreign Operations, Export Financing, and Related Programs 
        Appropriations Act, 1990.
            (E) Sections 109 and 111 of the Overseas Private Investment 
        Corporation Amendments Act of 1988, as enacted by reference in 
        section 555 of Public Law 100-461.
    (c) Effective Date.--The amendments and repeals made by this 
section shall take effect 180 days after the date of the enactment of 
this Act.
Example Output:
OPIC Termination Act - Abolishes the Overseas Private Investment Corporation.