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

Ex Input:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''One Dollar Coin and Community
Development Act of 1994''.

SEC. 2. ONE DOLLAR COINS.

(a) Color and Content.--Section 5112(b) of title 31, United States
Code, is amended--
(1) in the 1st sentence, by striking ''dollar,''; and
(2) by inserting after the 4th sentence, the following new
sentence: ''The dollar coin shall be golden in color, have an
unreeded edge, have tactile and visual features that make the
denomination of the coin readily discernible, be minted and
fabricated in the United States, and have such metallic,
anticounterfeiting properties as United States clad coinage in
circulation on the date of the enactment of the One Dollar Coin
and Community Development Act of 1994.''.
(b) Design of Dollar Coin.--Section 5112(d)(1) of title 31, United
States Code, is amended by striking the 5th and 6th sentences and
inserting the following new sentence: ''The Secretary of the Treasury
shall select an appropriate design for the obverse side of the
dollar.''.
(c) Effective Date.--Not later than 18 months after the date of
enactment of this Act, the Secretary of the Treasury shall place into
circulation 1 dollar coins authorized under subsection (a)(1) of
section 5112 of title 31, United States Code, which comply with the
design requirements of subsections (b) and (d)(1) of such section, as
amended by subsections (a) and (b) of this section. The Secretary may
include such coins in any numismatic set produced by the United States
Mint before the date the coins are placed in circulation.

SEC. 3. CEASING ISSUANCE OF ONE DOLLAR NOTES.

(a) In General.--After the date that coins described in section
2(c) are first placed in circulation, no Federal reserve bank may order
or place into circulation any $1 Federal reserve note.
(b) Redemption of $1 Notes.--
(1) In general.--Section 5119(b)(1) of title 31, United
States Code, is amended by adding at the end the following new
subparagraph:
''(F) Federal reserve notes in the denomination of
$1.''.
(2) Effective date.--
(A) In general.--The amendment made by paragraph
(1) shall take effect on the date on which coins minted
pursuant to the amendments made by section 2 are first
placed in circulation.
(B) Notice of effective date.--The Secretary of the
Treasury shall publish a notice in the Federal Register
of the date on which the amendment made by paragraph
(1) takes effect in accordance with subparagraph (A) of
this paragraph.
(c) Exception.--The Secretary of the Treasury shall produce only
such Federal reserve notes of 1 dollar denomination as are required
from time to time to meet the needs of collectors of this series. Such
notes shall be produced in sheets and sold by the Secretary, in whole,
or in part, at a price that exceeds the face value of the currency by
an amount that, at a minimum, reimburses the Secretary for the cost of
production.

SEC. 4. RESERVE FUND FOR CIRCULATING COINAGE.

(a) Establishment.--Section 5111(b) of title 31, United States
Code, is amended to read as follows:
''(b) Coinage Funds.--
''(1) Coinage metal fund.--The Secretary of the Treasury--
''(A) shall maintain a coinage metal fund in the
Department of the Treasury; and
''(B) may use the fund to buy metal to mint coins.
''(2) Circulating coinage reserve fund.--
''(A) Establishment.--The Secretary of the Treasury
shall maintain a circulating coinage reserve fund in
the Department of the Treasury.
''(B) Credits and debits.--The Secretary shall--
''(i) credit the coinage reserve fund with
the amount by which the nominal value of the
coins minted and placed into circulation under
this subchapter (other than numismatic items)
exceeds the cost of the metal; and
''(ii) charge the account with--
''(I) the waste incurred in minting
the coins referred to in clause (i);
and
''(II) the cost of distributing the
coins, including the cost of coin bags
and pallets.
''(C) Availability of funds for community
development.--
''(i) In general.--Effective for any fiscal
year only to the extent and in such amounts as
are provided in advance in appropriation Acts,
the Secretary may lend excess amounts in the
circulating coinage reserve fund to the
Community Development Institutions Fund for the
provision of financial assistance by such Fund
through deposits, credit union shares, and
loans in accordance with section 108 of the
Community Development Banking and Financial
Institutions Act of 1994.
''(ii) Terms and conditions.--Any loan by
the Secretary to the Community Development
Institutions Fund in accordance with clause (i)
shall bear such rate of interest and be subject
to such other terms and conditions as the
Secretary determines to be appropriate.
''(D) Investment of balance in account.--Subject to
subparagraph (C), the Secretary of the Treasury shall
invest excess amounts in the circulating coinage
reserve fund in--
''(i) instruments issued by the Secretary
under chapter 31; and
''(ii) other instruments to the extent, and
in such amounts, as may be authorized by law.
''(E) Payment to general fund.--Interest,
dividends, and other earnings on investments of the
circulating coinage reserve fund, including interest on
loans to the Community Development Financial
Institutions Fund, shall be paid into the general fund
of the Treasury to assist in reducing the deficit.''.
(b) Termination of Coinage Profit Fund.--The coinage profit fund is
hereby abolished and any balance in the account as of such termination
shall be transferred by the Secretary to the circulating coinage
reserve fund established pursuant to the amendment made by subsection
(a) as soon as practicable after the date of the enactment of this Act.

Ex Output:
One Dollar Coin and Community Development Act of 1994 - Amends Federal monetary law to prescribe specifications for and design of dollar coins, including a golden color.
Proscribes any issuance of one dollar notes after the date that dollar coins are first placed in circulation. Prescribes guidelines for the redemption of one dollar notes.
Directs the Secretary of the Treasury to establish: (1) a coinage metal fund; and (2) a circulating coinage reserve fund.
Authorizes the Secretary to lend excess amounts in the circulating coinage reserve fund to the Community Development Institutions Fund to enable it to provide financial assistance. Mandates that earnings on investments of the circulating coinage reserve fund be paid into the general fund of the Treasury.
Abolishes the coinage profit fund. Transfers the balance of its account to the circulating coinage reserve fund.

Ex Input:
SECTION 1. CREDIT FOR CERTAIN HOME PURCHASES.

(a) Allowance of Credit.--Subpart A of part IV of subchapter A of
chapter 1 of the Internal Revenue Code of 1986 (relating to refundable
credits) is amended by inserting after section 25D the following new
section:

''SEC. 25E. CREDIT FOR CERTAIN HOME PURCHASES.

''(a) Allowance of Credit.--In the case of an individual who
purchases a principal residence in the United States during the 12-
month period beginning on the date of the enactment of this section,
there shall be allowed to the taxpayer as a credit against the tax
imposed by this chapter for the taxable year an amount equal to 10
percent of the purchase price of the residence.
''(b) Limitations.--
''(1) Dollar limitation.--The credit allowed under
subsection (a) shall not exceed $10,000.
''(2) Denial of credit for residences acquired with
nonconforming loans.--No credit shall be allowed under
subsection (a) with respect to the purchase of any residence if
the aggregate acquisition indebtedness (as defined in section
163(h)(3)(B)) with respect to such residence exceeds the
limitation on the maximum original principal obligation of a
mortgage that may be purchased by the Federal Home Loan
Mortgage Corporation (as such limitation is in effect at the
time of such purchase).
''(3) Limitation based on amount of tax.--In the case of a
taxable year to which section 26(a)(2) does not apply, the
credit allowed under subsection (a) for any taxable year shall
not exceed the excess of--
''(A) the sum of the regular tax liability (as
defined in section 26(b)) plus the tax imposed by
section 55, over
''(B) the sum of the credits allowable under this
subpart (other than this section) for the taxable year.
''(4) One-time only.--
''(A) In general.--If a credit is allowed under
this section in the case of any individual (and such
individual's spouse, if married) with respect to the
purchase of any principal residence, no credit shall be
allowed under this section in any taxable year with
respect to the purchase of any other principal
residence by such individual or a spouse of such
individual.
''(B) Joint purchase.--In the case of a purchase of
a principal residence by 2 or more unmarried
individuals or by 2 married individuals filing
separately, no credit shall be allowed under this
section if a credit under this section has been allowed
to any of such individuals in any taxable year with
respect to the purchase of any other principal
residence.
''(c) Carryforward of Unused Credit.--
''(1) Rule for years in which all personal credits allowed
against regular and alternative minimum tax.--In the case of a
taxable year to which section 26(a)(2) applies, if the credit
allowable under subsection (a) exceeds the limitation imposed
by section 26(a)(2) for such taxable year reduced by the sum of
the credits allowable under this subpart (other than this
section), such excess shall be carried to the succeeding
taxable year and added to the credit allowable under subsection
(a) for such succeeding taxable year.
''(2) Rule for other years.--In the case of a taxable year
to which section 26(a)(2) does not apply, if the credit
allowable under subsection (a) exceeds the limitation imposed
by subsection (b)(3) for such taxable year, such excess shall
be carried to the succeeding taxable year and added to the
credit allowable under subsection (a) for such succeeding
taxable year.
''(3) Limitation.--No credit may be carried forward under
this subsection to any taxable year following the first taxable
year after the taxable year in which the credit arose.
''(d) Definitions and Special Rules.--For purposes of this
section--
''(1) Allocation of dollar limit.--
''(A) Married individuals filing separately.--In
the case of a married individual filing a separate
return, subsection (b)(1) shall be applied by
substituting '$5,000' for '$10,000'.
''(B) Other individuals.--If two or more
individuals who are not married purchase a principal
residence, the amount of the credit allowed under
subsection (a) shall be allocated among such
individuals in such manner as the Secretary may
prescribe, except that the total amount of the credits
allowed to all such individuals shall not exceed
$10,000.
''(2) Principal residence.--The term 'principal residence'
has the same meaning as when used in section 121.
''(3) Purchase.--
''(A) In general.--The term 'purchase' means any
acquisition, but only if--
''(i) the property is not acquired from a
person related to the person acquiring it, and
''(ii) the basis of the property in the
hands of the person acquiring it is not
determined--
''(I) in whole or in part by
reference to the adjusted basis of such
property in the hands of the person
from whom acquired, or
''(II) under section 1014(a)
(relating to property acquired from a
decedent).
''(B) Construction.--A residence which is
constructed by the taxpayer shall be treated as
purchased by the taxpayer on the date the taxpayer
first occupies such residence.
''(4) Purchase price.--The term 'purchase price' means the
adjusted basis of the principal residence on the date such
residence is purchased.
''(5) Related persons.--A person shall be treated as
related to another person if the relationship between such
persons would result in the disallowance of losses under
section 267 or 707(b) (but, in applying section 267(b) and (c)
for purposes of this section, paragraph (4) of section 267(c)
shall be treated as providing that the family of an individual
shall include only his spouse, ancestors, and lineal
descendants).
''(e) Exceptions.--No credit under subsection (a) shall be allowed
to any taxpayer for any taxable year with respect to the purchase of a
residence if--
''(1) a credit under section 1400C (relating to first-time
homebuyer in the District of Columbia) is allowable to the
taxpayer (or the taxpayer's spouse) for such taxable year or
any prior taxable year,
''(2) the taxpayer is a nonresident alien, or
''(3) the taxpayer disposes of such residence (or such
residence ceases to be the principal residence of the taxpayer
(and, if married, the taxpayer's spouse)) before the close of
such taxable year.
''(f) Reporting Requirement.--Rules similar to the rules of section
1400C(f) (as so in effect) shall apply.
''(g) Basis Adjustment.--For purposes of this subtitle, if a credit
is allowed under this section with respect to the purchase of any
residence, the basis of such residence shall be reduced by the amount
of the credit so allowed.
''(h) Application.--This section shall not apply to any taxable
year beginning after December 31, 2009.''.
(b) Conforming Amendments.--
(1) Section 23(c)(1) of such Code is amended by striking
''25D and 1400C'' and inserting ''25D, 25E, and 1400C''.
(2) Section 25D(c)(2) of such Code is amended by striking
''and 25B'' and inserting ''25B, and 25E''.
(3) Section 1400C(d)(1) of such Code is amended by striking
''section 25D'' and inserting ''sections 25D and 25E''.
(c) Clerical Amendment.--The table of sections for subpart A of
part IV of subchapter A of chapter 1 of the Internal Revenue Code of
1986 is amended by inserting after the item relating to section 25D the
following new item:

''Sec. 25E. Credit for certain home purchases.''.
(d) Effective Date.--The amendments made by this section shall
apply with respect to residences purchased after the date of the
enactment of this Act in taxable years ending after such date.

Ex Output:
Amends the Internal Revenue Code to allow individual taxpayers a one-time refundable tax credit for up to 10% of the purchase price of a principal residence purchased in the United States within the 12-month period beginning on the date of enactment of this Act. Limits the dollar amount of such credit to $10,000. Terminates such credit after 2009.

Ex Input:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Modern-Day Marshall Plan for Eurasia
and the Middle East Act of 2003''.

SEC. 2. FINDINGS; PURPOSES.

(a) Findings.--Congress finds the following:
(1) After World War II, the United States established a
program to provide for the reconstruction of Europe, named
after General George C. Marshall and commonly referred to as
the ''Marshall Plan'', which made a significant contribution to
the stimulation of economic growth and international trade in
Europe from 1948 to 1951, thereby helping to stem the spread of
Communism and to foster stable political governments in Europe.
(2) By providing assistance to Europe through the Marshall
Plan, the United States recognized the direct link between
economic growth and political stability, thereby investing
resources into economic development and assistance.
(3) The Marshall Plan is chiefly characterized by its
integration of recipients into the development process, forming
a partnership whereby European countries agreed to a ''plan of
action'' that committed Europe to take steps toward solution of
its economic and political problems prior to the formulation of
a program of assistance.
(4) On April 17, 2002, President Bush stated in a speech at
the Virginia Military Institute (VMI): ''[General] Marshall
knew that our military victory against enemies in World War II
had to be followed by a moral victory that resulted in better
lives for individual human beings. America has a much greater
purpose than just eliminating threats and containing
resentment. Because we believe in the dignity and value of
every individual, America seeks hope and opportunity for all
people in all cultures.''.
(5) A principal objective of United States foreign
assistance programs, as stated in the Foreign Assistance Act of
1961, continues to be the ''encouragement and sustained support
of the people of developing countries in their efforts to
acquire the knowledge and resources essential to development
and to build the economic, political, and social institutions
which will improve the quality of their lives.''.
(6) Significant poverty, corruption, and human rights
abuses in many countries of Eurasia and the Middle East
contribute to the political and economic deterioration of those
regions.
(7) The potential resources of many countries of Eurasia
and the Middle East are rich and plentiful and can be developed
in peace and in partnership through cooperation and mutual
assistance.
(8) The attacks against the United States that occurred on
September 11, 2001, and the subsequent global war on terrorism,
have enhanced United States strategic concern for the economic
and political future of countries of Eurasia and the Middle
East.
(9) United States foreign assistance programs continue to
influence the direction of the Central Asia, Eurasia, and
Middle East regions.
(10) In 1972, the United Nations voted to recommend that
developed countries should contribute an amount equal to 0.7
percent of their gross domestic product for assistance to
developing countries, however, the United States currently
provides an amount equal to only 0.1 percent of its gross
domestic product for assistance to developing countries.
(11) The magnitude of the economic, humanitarian, and
political challenges in the Eurasia and Middle East regions is
extensive and demands consistent and enhanced input and
assistance from the United States, particularly through the
United States Agency for International Development (USAID) as
well as extensive coordination with other appropriate United
States agencies and international donor organizations, in order
to effectively implement development assistance and effectively
eliminate the causes of terrorism in these regions.
(b) Purposes.--The purposes of this Act are--
(1) to enhance and increase United States foreign
assistance to the developing countries of Eurasia and the
Middle East; and
(2) to assist such countries of Eurasia and the Middle East
to grow, prosper, and to seize the opportunities of the global
economy in order to achieve transparent, accountable, and
politically stable democratic forms of government in such
countries.

SEC. 3. SENSE OF CONGRESS; STATEMENT OF POLICY.

(a) Sense of Congress.--It is the sense of Congress that the United
States Government should recognize that to promote politically stable
and economically prosperous countries in Eurasia and the Middle East is
in the national security interests of the United States.
(b) Statement of Policy.--It shall be the policy of the United
States--
(1) to promote stable democracies and market economies in
countries of Eurasia and the Middle East;
(2) to encourage regular dialogue between United States
Government officials and human rights organizations, civic
organizers, reform-minded politicians and democratic activists
in order to further democratic reform and economic stability in
developing countries of Eurasia and the Middle East; and
(3) to encourage dialogue between United States Government
officials and private sector individuals regarding the opening
of markets and transparency in business practices in countries
of Eurasia and the Middle East.

SEC. 4. ASSISTANCE TO PROMOTE POLITICAL STABILITY IN THE COUNTRIES OF
EURASIA AND THE MIDDLE EAST.

(a) In General.--The President is authorized, notwithstanding any
other provision of law, to establish and implement a program to provide
economic assistance for the developing countries of Eurasia and the
Middle East in order to promote political stability in such countries.
(b) Types of Assistance.--Assistance provided under the program
established under subsection (a) shall include assistance to promote--
(1) economic growth, trade, education, and infrastructure;
(2) health, including assistance to prevent, treat, and
monitor HIV/AIDS, family planning assistance, and child
survival assistance; and
(3) democracy building and human rights.
(c) Terms and Conditions.--Assistance under the program established
under subsection (a)--
(1) shall be provided in accordance with the terms and
conditions utilized by the International Bank for
Reconstruction and Development and the International Monetary
Fund under the ''Poverty Reduction Strategy Papers'' process
established by such institutions; and
(2) shall be provided on such other terms and conditions as
the President determines to be appropriate.
(d) Coordination With Other Programs.--The President shall
coordinate the program established under subsection (a) with all other
programs under which economic assistance is provided to countries of
Eurasia and the Middle East.
(e) Multilateral Assistance.--The President, acting through the
Secretary of State and other appropriate officials of the United States
Government, shall urge other appropriate countries to provide
assistance to countries of Eurasia and the Middle East in accordance
with the terms and conditions of assistance provided by the United
States under this Act.

SEC. 5. AUTHORIZATION OF APPROPRIATIONS.

(a) In General.--There are authorized to be appropriated to carry
out this Act such sums as may be necessary for fiscal year 2004 and
each subsequent fiscal year.
(b) Availability.--Amounts appropriated pursuant to the
authorization of appropriations under subsection (a) are authorized to
remain available until expended.

Ex Output:
Modern-Day Marshall Plan for Eurasia and the Middle East Act of 2003 - Declares that it shall be the policy of the United States to (1) promote stable democracies and market economies in Eurasia and the Middle East, and (2) encourage dialogue between U.S. officials and human rights organizations, civic organizers, politicians, and activists to further democratic reform and economic stability in developing countries there, and (3) encourage dialogue between U.S. officials and the private sector regarding the opening of markets and transparency in business in Eurasia and the Middle East.

Authorizes the President to establish and implement a program to provide economic assistance for the developing countries of Eurasia and the Middle East to foster political stability through programs which promote: (1) economic growth, trade, education and infrastructure; (2) health; and (3) democracy building and human rights.

Requires the President to urge other appropriate countries to provide similar assistance.