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 ''Pay It Back Act''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the Congressional Budget Office estimates that the
deficit for this fiscal year will reach $1.6 trillion or 11
percent of the Gross Domestic Product;
(2) this deficit represents the largest relative deficit
since the end of World War II;
(3) the Congressional Budget Office estimates that the
fiscal year 2010 deficit will reach $1.4 trillion; and
(4) given the choice between forcing our children to pay
for the national debt and requiring banks and other
beneficiaries of the goodwill of the taxpayer to make a down
payment now, we choose to help our kids.

SEC. 3. AMENDMENT TO TARP AUTHORIZATION.

Section 115(a)(3) of the Emergency Economic Stabilization Act of
2008 (12 U.S.C. 5225(a)(3)) is amended by striking ''outstanding at any
one time'' and inserting '', in the aggregate (or such higher amount,
in the aggregate, as has been obligated or expended under this Act as
of the date of enactment of the Pay It Back Act)''.

SEC. 4. REPORT.

Section 106 of the Emergency Economic Stabilization Act of 2008 (12
U.S.C. 5216) is amended by inserting at the end the following:
''(f) Report.--The Secretary of the Treasury shall report to
Congress every 6 months on amounts received and transferred to the
general fund under subsection (d).''.

SEC. 5. AMENDMENTS TO HOUSING AND ECONOMIC RECOVERY ACT OF 2008.

(a) Sale of Fannie Mae Obligations and Securities by the Treasury;
Deficit Reduction.--Section 304(g)(2) of the Federal National Mortgage
Association Charter Act (12 U.S.C. 1719(g)(2)) is amended--
(1) by redesignating subparagraph (C) as subparagraph (D);
and
(2) by inserting after subparagraph (B) the following:
''(C) Deficit reduction.--The Secretary of the
Treasury shall--
''(i) deposit in the General Fund of the
Treasury any amounts received by the Secretary
for the sale of any obligation or security
acquired by the Secretary under this
subsection; and
''(ii) ensure that such amounts so
deposited--
''(I) are dedicated for the sole
purpose of deficit reduction; and
''(II) are prohibited from use as
an offset for other spending increases
or revenue reductions.''.
(b) Sale of Freddie Mac Obligations and Securities by the Treasury;
Deficit Reduction.--Section 306(l)(2) of the Federal Home Loan Mortgage
Corporation Act (12 U.S.C. 1455(l)(2)) is amended--
(1) by redesignating subparagraph (C) as subparagraph (D);
and
(2) by inserting after subparagraph (B) the following:
''(C) Deficit reduction.--The Secretary of the
Treasury shall--
''(i) deposit in the General Fund of the
Treasury any amounts received by the Secretary
for the sale of any obligation or security
acquired by the Secretary under this
subsection; and
''(ii) ensure that such amounts so
deposited--
''(I) are dedicated for the sole
purpose of deficit reduction; and
''(II) are prohibited from use as
an offset for other spending increases
or revenue reductions.''.
(c) Sale of Federal Home Loan Banks Obligations by the Treasury;
Deficit Reduction.--Section 11(l)(2) of the Federal Home Loan Bank Act
(12 U.S.C. 1431(l)(2)) is amended--
(1) by redesignating subparagraph (C) as subparagraph (D);
and
(2) by inserting after subparagraph (B) the following:
''(C) Deficit reduction.--The Secretary of the
Treasury shall--
''(i) deposit in the General Fund of the
Treasury any amounts received by the Secretary
for the sale of any obligation acquired by the
Secretary under this subsection; and
''(ii) ensure that such amounts so
deposited--
''(I) are dedicated for the sole
purpose of deficit reduction; and
''(II) are prohibited from use as
an offset for other spending increases
or revenue reductions.''.
(d) Repayment of Fees.--Any periodic commitment fee or any other
fee or assessment paid by the Federal National Mortgage Association or
Federal Home Loan Mortgage Corporation to the Secretary of the Treasury
as a result of any preferred stock purchase agreement, mortgage-backed
security purchase program, or any other program or activity authorized
or carried out pursuant to the authorities granted to the Secretary of
the Treasury under the amendments made by section 1117 of the Housing
and Economic Recovery Act of 2008 (Public Law 110-289; 122 Stat. 2683),
including any fee agreed to by contract between the Secretary and the
Association or Corporation, shall be deposited in the General Fund of
the Treasury where such amounts shall be--
(1) dedicated for the sole purpose of deficit reduction;
and
(2) prohibited from use as an offset for other spending
increases or revenue reductions.

SEC. 6. FEDERAL HOUSING FINANCE AGENCY REPORT.

The Director of the Federal Housing Finance Agency shall submit to
Congress a report on the plans of the Agency to continue to support and
maintain the Nation's vital housing industry, while at the same time
guaranteeing that the American taxpayer will not suffer unnecessary
losses.

SEC. 7. REPAYMENT OF UNOBLIGATED ARRA FUNDS.

(a) Rejection of ARRA Funds by State.--Section 1607 of division A
of the American Recovery and Reinvestment Act of 2009 (Public Law 111-
5; 123 Stat. 303) is amended by adding at the end the following:
''(d) Statewide Rejection of Funds.--If funds provided to any State
in any division of this Act are not accepted for use by the Governor of
the State pursuant to subsection (a) or by the State legislature
pursuant to subsection (b), then all such funds shall be--
''(1) rescinded; and
''(2) deposited in the General Fund of the Treasury, where
such amounts shall be--
''(A) dedicated for the sole purpose of deficit
reduction; and
''(B) prohibited from use as an offset for other
spending increases or revenue reductions.''.
(b) Withdrawal or Recapture of Unobligated Funds.--Title XVI of
division A of the American Recovery and Reinvestment Act of 2009
(Public Law 111-5; 123 Stat. 302) is amended by adding at the end the
following:

''withdrawal or recapture of unobligated funds

''Sec. 1613. Notwithstanding any other provision of this Act, if
the head of any executive agency withdraws or recaptures for any reason
funds appropriated or otherwise made available under this division, and
such funds have not been obligated by a State to a local government or
for a specific project, such recaptured funds shall be--
''(1) rescinded; and
''(2) deposited in the General Fund of the Treasury, where
such amounts shall be--
''(A) dedicated for the sole purpose of deficit
reduction; and
''(B) prohibited from use as an offset for other
spending increases or revenue reductions.''.
(c) Return of Unobligated Funds by End of 2012.--Section 1603 of
division A of the American Recovery and Reinvestment Act of 2009
(Public Law 111-5; 123 Stat. 302) is amended--
(1) by striking ''All funds'' and inserting ''(a) In
General.--All funds''; and
(2) by adding at the end the following:
''(b) Repayment of Unobligated Funds.--Any discretionary
appropriations made available in this division that have not been
obligated as of December 31, 2012, are hereby rescinded, and such
amounts shall be deposited in the General Fund of the Treasury, where
such amounts shall be--
''(1) dedicated for the sole purpose of deficit reduction;
and
''(2) prohibited from use as an offset for other spending
increases or revenue reductions.
''(c) Presidential Waiver Authority.--
''(1) In general.--The President may waive the requirements
under subsection (b), if the President determines that it is
not in the best interest of the Nation to rescind a specific
unobligated amount after December 31, 2012.
''(2) Requests.--The head of an executive agency may also
apply to the President for a waiver from the requirements under
subsection (b).''.

SEC. 8. REDUCTION OF STATUTORY LIMIT ON THE PUBLIC DEBT.

Section 3101 of title 31, United States Code, is amended--
(1) in subsection (b), by inserting ''minus the aggregate
amounts described in subsection (d)'' before '', outstanding at
one time''; and
(2) by adding at the end the following:
''(d) Amounts described in this subsection are any amounts received
by the Secretary of the Treasury pursuant to--
''(1) section 106(d) of the Emergency Economic
Stabilization Act of 2008 before, on, or after the date of
enactment of this subsection; and
''(2) section 304(g) of the Federal National Mortgage
Association Charter Act (12 U.S.C. 1719(g)), section 306(l) of
the Federal Home Loan Mortgage Corporation Act (12 U.S.C.
1455(l)), section 11(l) of the Federal Home Loan Bank Act (12
U.S.C. 1431(l)), section 1607(d) of division A of the American
Recovery and Reinvestment Act of 2009 (Public Law 111-5),
section 1613 of division A of the American Recovery and
Reinvestment Act of 2009 (Public Law 111-5), and sections 5(d)
and 7(c) of the Pay It Back Act after the date of enactment of
this subsection.''.

Ex Output:
Pay It Back Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to revise the limitation on the authority of the Secretary of the Treasury to purchase troubled assets under the Troubled Asset Relief Program (TARP) to $700 billion outstanding at any one time. Changes the maximum authority to $700 billion, in the aggregate, or such higher amount, in the aggregate, as has been obligated or expended under TARP as of the enactment of this Act.

Requires the Secretary to report to Congress every six months on transfer to the Treasury's General Fund for reduction of the public debt of revenues of, and proceeds from the sale of troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP.

Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Federal Home Loan Bank Act to require the Secretary to deposit in the Treasury solely for debt reduction any amounts received by the Secretary for the sale of any obligation or security acquired from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a Federal Home Loan Bank for secondary market operations. Prohibits the use of any such amounts as an offset for other spending increases or revenue reductions.

Requires deposit in the Treasury solely for debt reduction of any periodic commitment fee or any other fee or assessment paid to the Secretary by Fannie Mae or Freddie Mac as a result of any preferred stock purchase agreement, mortgage-backed security purchase program, or any other program or activity under the Housing and Economic Recovery Act of 2008.

Requires the Director of the Federal Housing Finance Agency (FHFA) to report to Congress on FHFA plans to continue to support and maintain the nation's vital housing industry, while at the same time guaranteeing that the American taxpayer will not suffer unnecessary losses.

Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to require: (1) rescission of any ARRA (stimulus) funds offered to but not accepted by the governor or legislature of a state; and (2) their deposit in the Treasury solely for debt reduction. Requires the same treatment for any funds withdrawn or recaptured by an executive agency head which have not been obligated by a state to a local government or for a specific project.

Rescinds for deposit in the Treasury solely for debt reduction specified discretionary appropriations that have not been obligated as of December 31, 2012.

Lowers the statutory limit on the public debt by the amounts the Secretary receives under this Act for deposit in the Treasury solely for debt reduction.

Ex Input:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Terrorism Insurance Backstop
Extension Act of 2005''.

SEC. 2. EXTENSION OF TERRORISM INSURANCE PROGRAM.

(a) Program Years 4 and 5.--Paragraph (11) of section 102 of the
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended
by adding at the end the following new subparagraphs:
''(E) Program year 4.--The term 'Program Year 4'
means the period beginning on January 1, 2006 and
ending on December 31, 2006.
''(F) Program year 5.--The term 'Program Year 5'
means the period beginning on January 1, 2007 and
ending on December 31, 2007.''.
(b) Insurer Deductible.--Paragraph (7) of section 102 of the
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
(1) by redesignating subparagraph (E) as subparagraph (H);
(2) in subparagraph (D), by striking ''and'' at the end;
(3) by inserting after subparagraph (D) the following new
subparagraphs:
''(E) for Program Year 4, the value of an insurer's
direct earned premiums over the calendar year
immediately preceding Program Year 4, multiplied by 15
percent;
''(F) for Program Year 5, the value of an insurer's
direct earned premiums over the calendar year
immediately preceding Program Year 4, multiplied by 20
percent; and'';
(4) in subparagraph (H) (as so redesignated by paragraph
(1) of this subsection)--
(A) by striking ''(D)'' and inserting ''(F)''; and
(B) by striking ''or Program Year 3'' and inserting
''Program Year 3, Program Year 4, or Program Year 5''.
(c) Mandatory Availability.--Subsection (c) of section 103 of the
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
(1) by striking all of the matter that precedes
subparagraph (A) of paragraph (1) and inserting the following:
''(c) Mandatory Availability.--During the Program, each entity that
meets the definition of an insurer under section 102--'';
(2) by striking paragraph (2); and
(3) by redesignating subparagraphs (A) and (B) as
paragraphs (1) and (2) and realigning such paragraphs, as so
redesignated, so as to be indented 2 ems from the left margin.
(d) Insured Loss Shared Compensation.--Subsection (e) of section
103 of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note)
is amended--
(1) in paragraph (2)(A), by striking ''or Program Year 3''
and inserting '', Program Year 3, Program Year 4, Program Year
5, or the final Program Year'';
(2) in paragraph (3), by striking ''or Program Year 3'' and
inserting '', Program Year 3, Program Year 4, Program Year 5,
or the final Program Year'';
(3) in paragraph (6)--
(A) in subparagraph (B), by striking ''and'' at the
end;
(B) in subparagraph (C) by striking the period at
the end and inserting a semicolon; and
(C) by adding at the end the following new
subparagraphs:
''(D) for Program Year 4, the lesser of--
''(i) $17,500,000,000; and
''(ii) the aggregate amount, for all
insurers, of insured losses during such Program
Year;
''(E) for each of Program Year 5 and the Final
Program Year, the lesser of--
''(i) $20,000,000,000; and
''(ii) the aggregate amount, for all
insurers, of insured losses during such Program
Year; and''; and
(4) in paragraph (7)--
(A) in subparagraph (A), by striking ''and (C)''
and inserting ''(C), (D), and (E)''; and
(B) in subparagraphs (B) and (C), by striking ''or
(C)'' each place such term appears and inserting ''(C),
(D), or (E)''.
(e) Coverage of Group Life Insurance.--
(1) In general.--Paragraph (5) of section 102 of the
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is
amended in the matter that precedes subparagraph (A) by
inserting ''or group life'' after ''property and casualty''.
(2) Technical and conforming amendments.--The Terrorism
Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
(A) in section 102--
(i) in paragraph (1)--
(I) in subparagraph (B)(i), by
inserting ''or group life insurance''
after ''workers' compensation''; and
(II) in subparagraph (B)(ii), by
inserting ''and group life insurance''
after ''property and casualty
insurance'';
(ii) in paragraph (4)--
(I) by inserting ''or for group
life insurance'' after ''property and
casualty insurance''; and
(II) by striking ''paragraph (5)''
and inserting ''paragraph (6)'';
(iii) in paragraph (5), by inserting ''and
group life insurance'' after ''workers'
compensation''; and
(iv) in paragraph (6)--
(I) in subparagraph (A)(i), by
inserting ''property and casualty or
group life'' after ''excess'';
(II) in subparagraph (B), by
inserting ''or group life insurance
coverage'' after ''property and
casualty insurance coverage'';
(v) by redesignating paragraphs (5) through
(16) as paragraphs (6) through (17),
respectively; and
(vi) by inserting after paragraph (4), the
following new paragraph:
''(5) Group life insurance.--The term 'group life
insurance' means an insurance contract that provides term life
insurance coverage, accidental death coverage, or a combination
thereof, for a number of persons under a single contract, on
the basis of a group selection of risks.'';
(B) in section 103--
(i) in subsection (b)(1), by inserting
''(including a named beneficiary in the case of
a group life insurance policy)'' before the
second comma;
(ii) in subsection (c)--
(I) in paragraph (1) (as so
redesignated by subsection (c)(3) of
this section), by inserting ''and group
life'' after ''property and casualty'';
and
(II) in paragraph (2) (as so
redesignated by subsection (c)(3) of
this section), by inserting ''and group
life'' after ''property and casualty'';
(iii) in subsection (e)--
(I) in paragraph (6), by striking
''For'' and inserting ''Except as
provided in subparagraph (F) of this
paragraph, for'';
(II) in paragraph (6), by inserting
after subparagraph (E) (as added by
subsection (d)(3)(C) of this section)
the following new subparagraph:
''(F) for each of the periods referred to in
subparagraphs (A) through (E), the amounts provided
under such subparagraphs, as such amounts shall be
increased by the Secretary before the expiration of the
90-day period beginning on the date of the enactment of
the Terrorism Insurance Backstop Extension Act of 2005,
based on the increase in the size of the Program caused
by the inclusion of group life insurance pursuant to
such Act, in proportion to the increased premiums
involved.'';
(III) in paragraph (7)(C), by
inserting ''or group life insurance''
after ''workers compensation'';
(IV) in paragraph (8)(A)(i), by
inserting ''and group life'' after
''property and casualty''; and
(V) in paragraph (8), by inserting
''or group life'' after ''property and
casualty'' each place such term appears
in subparagraphs (A)(iii) and (C); and
(iv) by striking subsection (h);
(C) in section 105(c), by inserting ''or group
life'' after ''property and casualty''; and
(D) in section 108(d)(1), by inserting ''and the
group life insurance industry'' after ''property and
casualty insurance industry''.
(3) Required rulemaking.--Not later than 90 days after the
date of the enactment of this Act, the Secretary of the
Treasury shall issue final regulations to carry out this
subsection.
(f) Study on Long-Term Solutions.--Section 103 of the Terrorism
Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking
subsection (i) and inserting the following new subsection:
''(h) Study on Long-Term Solutions.--By September 1, 2005, the
Secretary shall conduct a study and submit a report to the Congress on
alternatives for expanding the availability and affordability of
terrorism insurance after the termination of the Program that do not
involve a Federal financial backstop.''.
(g) Termination of Program.--
(1) Termination.--Subsection (a) of section 108 of the
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is
amended by striking ''December 31, 2005'' and inserting
''December 31, 2007''.
(2) Final gao study and report.--Subsection (d) of section
108 of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701
note) is amended by adding at the end the following new
paragraph:
''(3) Final gao study and report.--The Comptroller General
of the United States shall conduct an assessment of the matters
referred to in paragraph (1) and shall submit a report to the
Congress, not later than June 30, 2007, on the results of such
study.''.

SEC. 3. FINAL PROGRAM YEAR.

(a) Definition.--Paragraph (11) of section 102 of the Terrorism
Risk Insurance Act of 2002 (15 U.S.C. 6701 note), as amended by the
preceding provisions of this Act, is further amended by adding at the
end the following new subparagraph:
''(G) Final program year.--The term 'Final Program
Year' means the period beginning on January, 1, 2008
and ending on December 31, 2008.''. ''.
(b) Insured Losses.--Paragraph (5) of section 102 of the Terrorism
Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by adding
after and below subparagraph (B) the following new sentence:
''With respect to the Final Program Year, such term means only
such losses as are described in the preceding sentence that are
covered by primary or excess property and casualty insurance or
group life insurance, that is issued before January 1, 2008,
and expires not later than December 31, 2008; except that the
Secretary may exclude from insured losses for the Final Program
Year losses covered by a policy for such insurance if the
Secretary determines that the primary purpose in establishing
the particular term of the policy was obtaining compensation
under the Program for losses covered by the policy.''.
(c) Insurer Deductible.--Paragraph (7) of section 102 of the
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note), as amended
by the preceding provisions of this Act, is further amended by
inserting after subparagraph (F) the following new subparagraph:
''(G) for the Final Program Year, the value of an
insurer's direct earned premiums for the terms
remaining under any policies for insurance described in
the last sentence of paragraph (5) as of the occurrence
of the act of terrorism during such Year that results
in insured losses, as determined by the Secretary,
multiplied by 20 percent; and''.

Ex Output:
Terrorism Insurance Backstop Extension Act of 2005 - Amends the Terrorism Risk Insurance Act of 2002 to define: (1) the term "Program Year 4" as the period from January 1, 2006, through December 31, 2006; and (2) the term "Program Year 5" as the period from January 1, 2007, from December 31, 2007 (thereby extending the terrorism risk insurance program from 2005 through 2007).

Sets a deadline for the Secretary of the Treasury to make a final determination regarding: (1) the availability of group life insurance to both insurers and consumers; and (2) whether certain provisions of the Act shall be applied to providers of group life insurance.

Sunsets the Terrorism Risk Insurance Program after December 31, 2007.

Details the treatment of insured losses and the insurer deductible for the Final Program Year (January 1, 2008, through December 31, 2008).

Ex Input:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Aeronautics Competitiveness Act of
2007''.

SEC. 2. AUTHORIZATION OF APPROPRIATIONS FOR THE NATIONAL AERONAUTICS
AND SPACE ADMINISTRATION FOR AERONAUTICS.

(a) Authorization of Appropriations.--There is hereby authorized to
be appropriated for the National Aeronautics and Space Administration
for Science, Aeronautics, and Exploration and available for Aeronautics
Research amounts as follows:
(1) For fiscal year 2009, $1,089,000,000.
(2) For fiscal year 2010, $1,198,000,000.
(3) For fiscal year 2011, $1,250,000,000.
(b) Supplement Not Supplant.--The amounts authorized to be
appropriated and available for a fiscal year under subsection (a) for
the purposes specified in that subsection are in addition to any other
amounts authorized to be appropriated and make available for such
fiscal year for that purpose.

SEC. 3. ADVISORY COMMITTEE ON PRIORITIES IN AERONAUTICS RESEARCH.

(a) Advisory Committee Required.--The Administrator of the National
Aeronautics and Space Administration shall establish an advisory
committee of experts from the private sector to provide advice and
consultation to the Administrator in priorities in aeronautics research
conducted by the Administration.
(b) Members.--The members of the advisory committee established
under subsection (a) shall include representatives of commercial
aviation groups, general aviation groups, aviation labor groups,
aeronautics research and development agencies, aircraft and systems
manufacturers, academia, and aircraft and air traffic control
suppliers.

SEC. 4. DEVELOPMENT OF AERONAUTICS TECHNOLOGIES TO DEMONSTRATION LEVEL.

(a) In General.--The Administrator of the National Aeronautics and
Space Administration shall carry out activities to develop particular
aeronautics technologies, including technologies for the Next
Generation Air Transportation System, to a level of readiness that will
permit the demonstration of such technologies, or a system or subsystem
model or prototype incorporating such technologies, in an appropriate
environment.
(b) Consultation.--The Administrator shall carry out activities
under this section in consultation with the advisory committee
established under section 3.

SEC. 5. AERONAUTICS SCHOLARSHIPS.

(a) Expansion of Number of NASA Aeronautics Scholarships.--Section
431 of the National Aeronautics and Space Administration Authorization
Act of 2005 (42 U.S.C. 16741) is amended--
(1) by redesignating subsection (c) as subsection (d); and
(2) by inserting after subsection (b) the following new
subsection (c):
''(c) Maximum Number of Scholarships.--The maximum number of
scholarships awarded under this section that are in force at any one
time may not exceed seven scholarships.''.
(b) Fellowships for Graduate Research in Aviation or Aeronautics.--
(1) In general.--The Administrator of the Federal Aviation
Administration shall carry out a program to provide fellowships
for students enrolled in institutions of higher education in
graduate programs in aviation or aeronautics for the conduct by
such students of research in aviation or aeronautics.
(2) Maximum number of fellowships.--The maximum number of
fellowships awarded under the program that are in force at any
one time may not exceed seven fellowships.
(3) Other program requirements.--The Administrator shall
prescribe such requirements for the program as the
Administrator considers appropriate, including qualifications
for the award of fellowships under the program and the amount
and duration of fellowships awarded under the program.

SEC. 6. PAYMENTS TO CONTRACTORS FOR COSTS OF EDUCATION AND PROFESSIONAL
DEVELOPMENT OF AERONAUTICS WORKFORCES.

(a) In General.--Chapter 139 of title 10, United States Code, is
amended by inserting after section 2372 the following new section:
''Sec. 2372a. Education and professional development of aeronautics
workforces: payments to contractors
''(a) Regulations.--The Secretary of Defense shall prescribe
regulations governing the payment, by the Department of Defense, of
expenses incurred by contractors for costs of education and
professional development of their aeronautics workforce.
''(b) Costs Allowable as Indirect Expenses.--The regulations
prescribed pursuant to subsection (a) shall provide that costs of
education and professional development of the aeronautics workforce
shall be allowable as indirect expenses on covered contracts to the
extent that those costs are allocable, reasonable, and not otherwise
unallowable by law or under the Federal Acquisition Regulation.
''(c) Definitions.--In this section:
''(1) The term 'aeronautics workforce' means personnel
employed as engineers or scientists engaged in the development
and manufacture of aeronautics technologies.
''(2) The term 'covered contract' has the meaning given
that term in section 23724(l) of this title.
''(3)(A) The term 'education and professional development',
in the case of an aeronautics workforce, means each of the
following:
''(i) The acquisition by personnel of the workforce
of general knowledge of science and engineering.
''(ii) The development among personnel of the
workforce of powers of reasoning and judgement.
''(iii) The participation of personnel of the
workforce in technical conferences and professional
society technical committees relating to aeronautics.
''(iv) The participation of personnel of the
workforce in government advisory boards or commissions
on aeronautics for which participation the government
provides no compensation.
''(B) The term does not include the acquisition by
personnel of an aeronautics workforce of vocational or
practical skills for an immediate and specific job task or
purpose.''.
(b) Clerical Amendment.--The table of sections at the beginning of
chapter 139 of such title is amended by inserting after the item
relating to section 2372 the following new item:

''2372a. Education and professional development of aeronautics
workforces: payments to contractors.''.

Ex Output:
Aeronautics Competitiveness Act of 2007 - Authorizes appropriations for FY2009-FY2011 for the National Aeronautics and Space Administration (NASA) for Science, Aeronautics, and Exploration for aeronautics research.

Establishes an advisory committee on priorities in aeronautics research.

Requires the NASA Administrator to develop particular aeronautics technologies, including for the Next Generation Air Transportation System, to a demonstration ready level.

Sets the maximum number of NASA aeronautics scholarships at no more than seven at any one time. Requires the Administrator of the Federal Aviation Administration (FAA) to establish a program to provide fellowships for graduate students in research in aviation or aeronautics.

Requires the Secretary of the Department of Defense (DOD) to prescribe regulations governing DOD's payment of contractors' costs for education and professional development of their aeronautics workforce.