In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
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Question: SECTION 1. SHORT TITLE.
This Act may be cited as the ''Fair Treatment for Experienced
Pilots Act''.
SEC. 2. AGE STANDARDS FOR PILOTS.
(a) In General.--Chapter 447 of title 49, United States Code, is
amended by adding at the end the following:
''Sec. 44729. Age standards for pilots
''(a) In General.--Subject to the limitation in subsection (c), a
pilot may serve in multicrew covered operations until attaining 65
years of age.
''(b) Covered Operations Defined.--In this section, the term
'covered operations' means operations under part 121 of title 14, Code
of Federal Regulations.
''(c) Limitation for International Flights.--
''(1) Applicability of icao standard.--A pilot who has attained
60 years of age may serve as pilot-in-command in covered operations
between the United States and another country only if there is
another pilot in the flight deck crew who has not yet attained 60
years of age.
''(2) Sunset of limitation.--Paragraph (1) shall cease to be
effective on such date as the Convention on International Civil
Aviation provides that a pilot who has attained 60 years of age may
serve as pilot-in-command in international commercial operations
without regard to whether there is another pilot in the flight deck
crew who has not attained age 60.
''(d) Sunset of Age 60 Retirement Rule.--On and after the date of
enactment of this section, section 121.383(c) of title 14, Code of
Federal Regulations, shall cease to be effective.
''(e) Applicability.--
''(1) Nonretroactivity.--No person who has attained 60 years of
age before the date of enactment of this section may serve as a
pilot for an air carrier engaged in covered operations unless--
''(A) such person is in the employment of that air carrier
in such operations on such date of enactment as a required
flight deck crew member; or
''(B) such person is newly hired by an air carrier as a
pilot on or after such date of enactment without credit for
prior seniority or prior longevity for benefits or other terms
related to length of service prior to the date of rehire under
any labor agreement or employment policies of the air carrier.
''(2) Protection for compliance.--An action taken in
conformance with this section, taken in conformance with a
regulation issued to carry out this section, or taken prior to the
date of enactment of this section in conformance with section
121.383(c) of title 14, Code of Federal Regulations (as in effect
before such date of enactment), may not serve as a basis for
liability or relief in a proceeding, brought under any employment
law or regulation, before any court or agency of the United States
or of any State or locality.
''(f) Amendments to Labor Agreements and Benefit Plans.--Any
amendment to a labor agreement or benefit plan of an air carrier that
is required to conform with the requirements of this section or a
regulation issued to carry out this section, and is applicable to
pilots represented for collective bargaining, shall be made by
agreement of the air carrier and the designated bargaining
representative of the pilots of the air carrier.
''(g) Medical Standards and Records.--
''(1) Medical examinations and standards.--Except as provided
by paragraph (2), a person serving as a pilot for an air carrier
engaged in covered operations shall not be subject to different
medical standards, or different, greater, or more frequent medical
examinations, on account of age unless the Secretary determines
(based on data received or studies published after the date of
enactment of this section) that different medical standards, or
different, greater, or more frequent medical examinations, are
needed to ensure an adequate level of safety in flight.
''(2) Duration of first-class medical certificate.--No person
who has attained 60 years of age may serve as a pilot of an air
carrier engaged in covered operations unless the person has a
first-class medical certificate. Such a certificate shall expire on
the last day of the 6-month period following the date of
examination shown on the certificate.
''(h) Safety.--
''(1) Training.--Each air carrier engaged in covered operations
shall continue to use pilot training and qualification programs
approved by the Federal Aviation Administration, with specific
emphasis on initial and recurrent training and qualification of
pilots who have attained 60 years of age, to ensure continued
acceptable levels of pilot skill and judgment.
''(2) Line evaluations.--Not later than 6 months after the date
of enactment of this section, and every 6 months thereafter, an air
carrier engaged in covered operations shall evaluate the
performance of each pilot of the air carrier who has attained 60
years of age through a line check of such pilot. Notwithstanding
the preceding sentence, an air carrier shall not be required to
conduct for a 6-month period a line check under this paragraph of a
pilot serving as second-in-command if the pilot has undergone a
regularly scheduled simulator evaluation during that period.
''(3) GAO report.--Not later than 24 months after the date of
enactment of this section, the Comptroller General shall submit to
the Committee on Transportation and Infrastructure of the House of
Representatives and the Committee on Commerce, Science, and
Transportation of the Senate a report concerning the effect, if
any, on aviation safety of the modification to pilot age standards
made by subsection (a).''.
(b) Clerical Amendment.--The analysis for chapter 447 of title 49,
United States Code, is amended by adding at the end the following:

''44729. Age standards for pilots.''.

Speaker of the House of Representatives.

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

Answer: Fair Treatment for Experienced Pilots Act - Amends federal transportation law to allow a pilot who has attained 60 years of age to serve as a passenger airline pilot until the age of 65, provided that a pilot who has attained age 60 may serve as pilot-in-command on international flights only if there is another pilot in the flight crew who has not yet attained 60 years of age.

Prohibits subjecting pilots to different medical examinations and standards on account of age unless to ensure an adequate level of safety in flight, except that no person who has attained 60 years of age may serve as a pilot unless such person has a first-class medical certificate.

Requires air carriers to: (1) continue to provide FAA-approved training to pilots, with specific emphasis on initial and recurring training and qualification of pilots who have attained 60 years of age; and (2) evaluate, every six months, the performance of pilots who have attained 60 years of age through a line check of such pilot.

Requires the Comptroller General to report to Congress on the effect of the modification of pilot age requirements, if any, on aviation safety.

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Fairness for Homeowners Act of
2007''.

SEC. 2. ORIGINATIONS OF CONSUMER CREDIT TRANSACTIONS SECURED BY THE
CONSUMER'S PRINCIPAL DWELLING.

(a) In General.--The Truth in Lending Act (15 U.S.C. 1601 et seq.)
is amended by inserting after section 129 the following new section:
''Sec. 129A. Originations of consumer credit transactions secured by
the consumer's principal dwelling
''(a) Definitions.--For purposes of this section, the following
definitions shall apply:
''(1) Fully indexed rate.--The term 'fully indexed rate'
equals the index rate prevailing at the time a consumer credit
transaction secured by a consumer's principal dwelling is
originated, plus the margin that will apply after the
expiration of an introductory interest rate.
''(2) Mortgage broker.--The term 'mortgage broker' means
any person who is defined as a mortgage broker under applicable
State law.
''(b) Requirements for Originators.--
''(1) Ability to pay.--
''(A) In general.--No creditor or mortgage broker
may make, provide, or arrange for any consumer credit
transaction secured by a consumer's principal dwelling
without verifying the consumer's reasonable ability to
pay the scheduled payments of the following, as
applicable: principal; interest; real estate taxes;
homeowner's insurance, assessments, and mortgage
insurance premiums.
''(B) Variable interest rate.--In the case of any
consumer credit transaction secured by a consumer's
principal dwelling for which the applicable annual
percentage rate may vary over the life of the credit,
the reasonable ability to pay shall be determined, for
purposes of this paragraph, on the basis of a fully
indexed rate plus 200 basis points and a repayment
schedule which achieves full amortization over the life
of the extension of credit.
''(C) Verification of consumer income and financial
resources.--In the case of any consumer credit
transaction secured by a consumer's principal dwelling,
the income and financial resources of the consumer
shall be verified for purposes of this paragraph by tax
returns, payroll receipts, bank records, or other
similarly reliable documents.
''(D) Other criteria.--No provision of this
paragraph shall be construed as prohibiting reliance on
criteria other than a consumer's income and financial
resources to establish the reasonable ability of the
consumer to repay any consumer credit transaction
secured by the consumer's principal dwelling, to the
extent such other criteria are also verified through
reasonably reliable methods and documentation.
''(E) Consumer statement is insufficient proof.--A
statement by a consumer of the consumer's income or
financial resources shall not be sufficient to
establish the existence of any income or financial
resources when verifying the reasonable ability of the
consumer to repay any consumer credit transaction
secured by the consumer's principal dwelling, for
purposes of this paragraph.
''(2) Prohibition on steering.--No creditor or mortgage
broker may make, provide, or arrange for any consumer credit
transaction secured by a consumer's principal dwelling that is
of a lower investment grade if--
''(A) the consumer's credit score; or
''(B) comparable underwriting data, in any case in
which the creditor or mortgage broker does not utilize
credit scoring or a credit score for the consumer is
unavailable,
indicates that the borrower may qualify for a consumer credit
transaction, available from or through the creditor or mortgage
broker, that is of a higher investment grade.
''(3) Prohibition on prepayment penalties for arms.--
''(A) In general.--In the case of any consumer
credit transaction secured by a consumer's principal
dwelling that provides for variable rates of interest
on the credit extended under the transaction, the
transaction may not contain terms under which a
consumer must pay a prepayment penalty for paying all
or part of the principal before the date on which the
principal is due.
''(B) Exclusion for jumbo mortgages.--Subparagraph
(A) shall not apply to any consumer credit transaction
secured by a consumer's principal dwelling the
principal amount (as defined in subsection (c)(2)) of
which exceeds the maximum dollar amount limitation (for
a residence of the applicable size) on the amount of
the principal obligation of a mortgage for a 1- to 4-
family residence that may be purchased by the Federal
Home Loan Mortgage Corporation, as then in effect
pursuant to section 305(a)(2) of the Federal Home Loan
Mortgage Corporation Act.
''(c) Limitation on Financed Points, Charges, and Fees.--
''(1) In general.--No creditor or mortgage broker may, in
connection with any consumer credit transaction secured by the
consumer's principal dwelling, include in the principal amount
of such transaction any portion of any qualified finance charge
in excess of the amount which is equal to 5 percent of the
principal amount of the transaction.
''(2) Definitions.--For purposes of this subsection, the
following definitions shall apply:
''(A) Qualified finance charge.--The term
'qualified finance charge' means the sum of--
''(i) the finance charge as determined
under section 106, minus any interest and time
price differential; and
''(ii) all compensation paid to a mortgage
broker from any source in connection with this
transaction.
''(B) Principal amount.--The term 'principal
amount' means--
''(i) in the case of any consumer credit
transaction under an open end credit plan
secured by the consumer's principal dwelling,
the maximum amount of credit that may be
extended under the terms of such plan as
determined without taking into account any
amount included in determining the finance
charge under section 106; and
''(ii) in the case of any other consumer
credit transaction secured by a consumer's
principal dwelling, the amount financed (as
defined in section 138(a)(2)).
''(3) Prohibition on excessive finance charges.--No
creditor or mortgage broker may, in connection with any
consumer credit transaction secured by the consumer's principal
dwelling, impose or receive any amount included in determining
the qualified finance charge for such transaction that exceeds
the amount which is equal to 5 percent of the principal amount
of the transaction.
''(4) Exception.--This subsection shall not apply to any
consumer credit transaction secured by the consumer's principal
dwelling that is ensured or guaranteed by the Secretary of
Housing and Urban Development, the Secretary of Veterans
Affairs, or the Farmers Home Administration.
''(d) Mortgage Broker Duties of Agency.--
''(1) In general.--Any mortgage broker acting to obtain or
arrange for any consumer credit transaction secured by the
consumer's principal dwelling shall be considered to have an
agency relationship with the consumer in all cases by operation
of law and shall comply with the following duties:
''(A) Mortgage brokers shall act in the consumer's
best interest and in the utmost good faith toward each
consumer and shall not compromise a consumer's right or
interest in favor of another's right or interest,
including a right or interest of the mortgage broker.
''(B) A mortgage broker shall not accept, give, or
charge any undisclosed compensation or realize any
undisclosed remuneration, either through direct or
indirect means, that inures to the benefit of the
mortgage broker on an expenditure made for the
consumer.
''(C) Mortgage brokers shall carry out all lawful
instructions given by the consumer.
''(D) Mortgage brokers shall disclose to consumers
all material facts of which the mortgage broker has
knowledge which might reasonably affect the consumer's
rights, interests, or ability to receive the consumer's
intended benefit from the consumer credit transaction,
but not facts which are reasonably susceptible to the
knowledge of the consumer.
''(E) Mortgage brokers shall use reasonable care in
performing duties.
''(F) Mortgage brokers shall account to a consumer
for all the consumer's money and property received as
agent.
''(2) Scope.--The duty of agency between mortgage broker
and consumer applies when the mortgage broker is acting in the
capacity of mortgage broker providing mortgage brokerage
services with respect to any consumer credit transaction
secured by the consumer's principal dwelling for which the
broker is not the creditor.
''(3) Rules of construction.--
''(A) Fees for services rendered.--No provision of
this subsection shall be construed as prohibiting a
mortgage broker from contracting for or collecting a
fee for services rendered which had been disclosed to
the consumer in advance of the provision of such
services.
''(B) Duty of broker.--No provision of this
subsection shall be construed as requiring a mortgage
broker--
''(i) to obtain or arrange for any consumer
credit transaction secured by the consumer's
principal dwelling on behalf of a consumer that
contains terms or conditions not available to
the mortgage broker in the mortgage broker's
usual course of business; or
''(ii) to obtain or arrange for any
consumer credit transaction secured by the
consumer's principal dwelling from a creditor
with whom the mortgage broker does not have a
business relationship.
''(e) Independent Verification of Consumer Counseling Before
Refinancing Special Mortgages.--
''(1) In general.--No creditor or mortgage broker may make,
provide, or arrange for any consumer credit transaction secured
by the consumer's principal dwelling all or a portion of the
proceeds of which are used to fully or partially pay off a
special mortgage unless the borrower has obtained a written
certification from an authorized independent loan counselor
that the borrower has received counseling on the advisability
of the transaction.
''(2) Definitions.--For purposes of this section, the
following definitions shall apply:
''(A) Special mortgage.--The term 'special
mortgage' means any consumer credit transaction secured
by the consumer's principal dwelling that was
originated, subsidized, funded, or guaranteed by or
through a State, tribal, or local government, or
nonprofit organization, that bears 1 or more of the
following nonstandard payment terms which substantially
benefit the consumer:
''(i) Payments vary with income.
''(ii) Payments of principal or interest
are not required or can be deferred under
specified conditions.
''(iii) Principal or interest is forgivable
under specified conditions.
''(iv) Either no interest or an annual
interest rate of 2 percent or less is charged
in connection with the loan.
''(B) Authorized loan counselor.--The term
'authorized independent loan counselor' means any
nonprofit, third-party individual or organization
providing homebuyer education programs, foreclosure
prevention services, mortgage loan counseling, or
credit counseling that is certified by the Secretary of
Housing and Urban Development, or certified by any
State housing agency or nonprofit organization
designated by such Secretary, for such purposes.
''(f) Minimum Financial Requirements for Mortgage Brokers.--No
mortgage broker may obtain or arrange for any consumer credit
transaction secured by the consumer's principal dwelling unless at all
times the mortgage broker--
''(1) maintains a minimum net worth, net of intangibles, of
at least $500,000, as determined in accordance with generally
accepted accounting principles; or
''(2) maintains a surety bond or irrevocable letter of
credit in the amount of $50,000.
''(g) Enforcement.--For purposes of providing a cause of action for
any failure by a mortgage broker to comply with any requirement imposed
under this section, section 130(a) shall be applied with respect to any
such failure--
''(1) by substituting 'mortgage broker' for 'creditor' each
place such term appears in such section; and
''(2) by treating all qualified finance charges (as defined
in subsection (c)(2)(A)) incurred in the origination of any
consumer credit transaction secured by the consumer's principal
dwelling as actual damages sustained by the consumer as a
result of the failure.
''(h) Exclusion of Reverse Mortgages.--This section shall not apply
with respect to any consumer mortgage transaction that constitutes a
reverse mortgage.''.
(b) Technical and Conforming Amendments.--The Truth in Lending Act
is amended--
(1) in section 103 (u) (15 U.S.C. 1602(u)), by striking
''and the disclosures required by section 129(a)'' and
inserting ''and the provisions of section 129 and 129A''; and
(2) in section 130 (15 U.S.C. 1640), by inserting ''or
129A'' after section 129 each place such term appears.
(c) Clerical Amendment.--The table of sections for chapter 2 of the
Truth in Lending Act is amended by inserting after the item relating to
section 129 the following new item:

''129A. Originations of consumer credit transactions secured by the
consumer's principal dwelling.''.

Answer: Fairness for Homeowners Act of 2007 - Amends the Truth in Lending Act to prohibit any creditor or mortgage broker from making, providing, or arranging for any consumer credit transaction secured by a consumer's principal dwelling without verifying the consumer's reasonable ability to make the scheduled payments of principal, interest (including variable interest), real estate taxes, homeowner's insurance, assessments, and mortgage insurance premiums.

Prescribes criteria for determining the reasonable ability to make such payments.

Prohibits steering (arranging for a lower investment grade credit transaction if the consumer qualifies for a higher investment grade transaction) and prepayment penalties for adjustable rate mortgages (ARMs) that are not jumbo mortgages.

Limits financed points, finance charges, and fees to 5% of a transaction's principal, unless the transaction is ensured or guaranteed by the Secretary of Housing and Urban Development, the Secretary of Veterans Affairs, or the Farmers Home Administration.

Specifies duties of agency for mortgage brokers acting to obtain or arrange for any consumer credit transaction secured by the consumer's principal dwelling.

Requires creditors and mortgage brokers to obtain independent verification that a borrower seeking to refinance a special mortgage has received counseling on the transaction's advisability. Defines "special mortgage" as one that: (1) was originated, subsidized, funded, or guaranteed by or through a state, tribal, or local government, or nonprofit organization; and (2) bears one or more specified nonstandard payment terms which substantially benefit the consumer.

Prescribes minimum financial requirements for mortgage brokers.

Excludes reverse mortgages from coverage by this Act.

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Everyone Deserves Unconditional
Access to Education (EDUCATE) Act''.

SEC. 2. AMENDMENT TO IDEA.

Section 611(i) of the Individuals with Disabilities Education Act
(20 U.S.C. 1411(i)) is amended to read as follows:
''(i) Funding.--
''(1) In general.--For the purpose of carrying out this
part, other than section 619, there are authorized to be
appropriated--
''(A) $12,068,264,000 or 19 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2008, and there are hereby appropriated
$1,500,029,000 or 2.4 percent of the amount determined
under paragraph (2), whichever is less, for fiscal year
2008, which shall become available for obligation on
July 1, 2008, and shall remain available through
September 30, 2009;
''(B) $13,781,789,000 or 21.2 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2009, and there are hereby appropriated
$3,209,117,000 or 4.9 percent of the amount determined
under paragraph (2), whichever is less, for fiscal year
2009, which shall become available for obligation on
July 1, 2009, and shall remain available through
September 30, 2010;
''(C) $15,738,479,000 or 23.5 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2010, and there are hereby appropriated
$5,156,400,000 or 7.7 percent of the amount determined
under paragraph (2), whichever is less, for fiscal year
2010, which shall become available for obligation on
July 1, 2010, and shall remain available through
September 30, 2011;
''(D) $17,972,975,000 or 26.2 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2011, and there are hereby appropriated
$7,375,074,000 or 10.7 percent of the amount determined
under paragraph (2), whichever is less, for fiscal year
2011, which shall become available for obligation on
July 1, 2011, and shall remain available through
September 30, 2012;
''(E) $20,524,716,000 or 29.1 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2012, and there are hereby appropriated
$9,902,965,000 or 14 percent of the amount determined
under paragraph (2), whichever is less, for fiscal year
2012, which shall become available for obligation on
July 1, 2012, and shall remain available through
September 30, 2013;
''(F) $23,438,744,000 or 32.4 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2013, and there are hereby appropriated
$12,783,166,000 or 17.7 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2013, which shall become available for
obligation on July 1, 2013, and shall remain available
through September 30, 2014;
''(G) $26,766,497,000 or 36 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2014, and there are hereby appropriated
$16,064,780,000 or 21.6 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2014, which shall become available for
obligation on July 1, 2014, and shall remain available
through September 30, 2015;
''(H) $30,566,712,000 or 40 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2015, and there are hereby appropriated
$19,803,751,000 or 25.9 percent of the amount
determined under paragraph (2), whichever is less, for
fiscal year 2015, which shall become available for
obligation on July 1, 2015, and shall remain available
through September 30, 2016; and
''(I) 40 percent of the amount determined under
paragraph (2) for fiscal year 2016 and each subsequent
fiscal year, and there are hereby appropriated 26.2
percent of the amount determined under paragraph (2)
for fiscal year 2016 and each subsequent fiscal year,
which shall become available for obligation (A) with
respect to fiscal year 2016, on July 1, 2016, and shall
remain available through September 30, 2017, and (B)
with respect to each subsequent fiscal year, on July 1
of that fiscal year and shall remain available through
September 30 of the succeeding fiscal year.
''(2) Amount.--The amount referred to in each of
subparagraphs (A) through (I) of paragraph (1) is--
''(A) the number of children with disabilities in
the 2004-2005 school year in all States who received
special education and related services--
''(i) aged 3 through 5 if the States are
eligible for grants under section 619; and
''(ii) aged 6 through 21; multiplied by
''(B) 40 percent of the average per-pupil
expenditure in public elementary schools and secondary
schools in the United States; adjusted by
''(C) the rate of annual change in the sum of--
''(i) 85 percent of the population of all
States described in subsection
(d)(3)(A)(i)(II); and
''(ii) 15 percent of the population of all
States described in subsection
(d)(3)(A)(i)(III).''.

SEC. 3. OFFSETS.

The amounts appropriated in 611(i) of the Individuals with
Disabilities Education Act (20 U.S.C. 1411(i)), as amended by section 2
of this Act, shall be expended consistent with pay-as-you-go
requirements.

Answer:
Everyone Deserves Unconditional Access to Education (EDUCATE) Act - Amends the Individuals with Disabilities Education Act (IDEA) to reauthorize part B programs of education of all children with disabilities.

Authorizes appropriations in specified amounts for part B for FY2008-FY2016 and thereafter, according to a certain formula. (Provides phased-in increases of such authorized funding designed to reach a promised 40% federal share by FY2015.) Makes appropriations in specified amounts (which are less than the amounts this Act authorizes to be appropriated) for part B for FY2008-FY2016 and thereafter. Requires such amounts to be expended consistent with pay-as-you-go requirements.