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

This Act may be cited as the ''Strengthening Manufacturing and
Rebuilding Transit Act of 2011'' or the ''SMART Act''.

SEC. 2. PREFERENCE IN AWARDING COMPETITIVE TRANSPORTATION
INFRASTRUCTURE GRANTS.

(a) Preference.--In awarding grants for projects that include the
purchase of transit vehicle rolling stock, rail, and supporting
equipment, the Secretary of Transportation shall give preference to a
project if the manufactured goods to be purchased have a domestic
content percentage that--
(1) exceeds otherwise applicable Federal requirements; and
(2) in the case of rolling stock, is consistent with
industry-recognized standards, if available.
(b) Covered Grants.--The grants referred to in subsection (a) are
discretionary or competitive grants, loans, loan guarantees, and lines
of credit--
(1) authorized under chapter 53 of title 49, United States
Code;
(2) used to fund in full or in part projects eligible for
Federal assistance under such chapter; or
(3) provided by the Department of Transportation for
entities eligible for financial assistance under chapter 53 of
title 49, United States Code.

SEC. 3. INCREASING THE TRANSPARENCY OF DOMESTIC CONTENT WAIVERS.

(a) Clarity in Domestic Content Regulations.--The Secretary of
Transportation shall establish a centralized Web site that provides
rules and guidance, waiver notices, and departmental and agency actions
applicable to the domestic content standards of the Federal-aid
programs within the jurisdiction of the Department of Transportation.
(b) Transparency in Waivers.--
(1) Public transportation assistance.--Section 5323(j) of
title 49, United States Code, is amended--
(A) in paragraph (2)(C)(i), by inserting
''(excluding labor costs involved in final assembly)''
after ''United States'';
(B) by striking paragraph (4);
(C) by redesignating paragraph (5) as paragraph
(4); and
(D) by inserting after paragraph (4), as
redesignated, the following:
''(5) Limitations on Waivers.--
''(A) Requests for waivers.--Not later than 7 days after
the Secretary receives a written request for a waiver of any
requirement under this subsection or section
5307(d)(1)(E)(iii), the Secretary shall--
''(i) publish the request on a publicly available
agency Web site in an easily identifiable location; and
''(ii) provide the public with at least 30 days for
notice and comment before issuing the requested waiver.
''(B) Waivers granted.--Not later than 30 days after the
Secretary decides to waive any requirement under this
subsection or section 5307(d)(1)(E)(iii), the Secretary shall
publish the decision and the justification for such decision in
the Federal Register and on the publicly available Web site
described in subparagraph (A).
''(C) Notification of the office of management and
budget.--If the Secretary grants a waiver of any requirement
under this subsection or section 5307(d)(1)(E)(iii), the
Secretary shall submit to the Director of the Office of
Management and Budget--
''(i) a notification of the application of the
exception; and
''(ii) a statement describing the procurement and
the exception being applied.''.
(2) Amtrak.--Section 24305(f) of title 49, United States
Code, is amended--
(A) in paragraph (4), by striking ''exempt Amtrak
from this subsection'' and inserting ''waive paragraph
(2)''; and
(B) by adding at the end the following:
''(5) Limitations on Waivers.--
''(A) Requests for waivers.--Not later than 7 days after
the Secretary of Transportation receives a written request for
a waiver of paragraph (2), the Secretary shall--
''(i) publish the request on a publicly available
agency Web site in an easily identifiable location; and
''(ii) provide the public with at least 30 days for
notice and comment before issuing the requested waiver.
''(B) Waivers granted.--Not later than 30 days after the
Secretary decides to waive paragraph (2), the Secretary shall
publish the decision and the justification for such decision in
the Federal Register and on the publicly available Web site
described in subparagraph (A).
''(C) Notification of the office of management and
budget.--If the Secretary grants a waiver of paragraph (2), the
Secretary shall submit to the Director of the Office of
Management and Budget--
''(i) a notification of the application of the
exception; and
''(ii) a statement describing the procurement and
the exception being applied.''.
(3) Intercity passenger rail service.--Section 24405(a) of
title 49, United States Code, is amended--
(A) by redesignating paragraphs (7) through (11) as
paragraphs (8) through (12), respectively; and
(B) by inserting after paragraph (6) the following:
''(7) Limitations on Waivers.--
''(A) Requests for waivers.--Not later than 7 days after
the Secretary of Transportation receives a written request for
a waiver of any requirement under this subsection, the head of
such agency shall--
''(i) publish the request on a publicly available
agency Web site in an easily identifiable location; and
''(ii) provide the public with a minimum of 30 days
for notice and comment before issuing the requested
waiver.
''(B) Waivers granted.--Not later than 30 days after the
Secretary decides to waive any requirement under this
subsection, the Secretary shall publish the decision and the
justification for such decision in the Federal Register and on
the publicly available Web site described in subparagraph (A).
''(C) Notification of the office of management and
budget.--If the Secretary grants a waiver of any requirement
under this subsection, the Secretary shall submit to the
Director of the Office of Management and Budget--
''(i) a notification of the application of the
exception; and
''(ii) a statement describing the procurement and
the exception being applied.''.

SEC. 4. REQUIREMENT FOR ANNUAL REPORTING ON EXCEPTIONS TO DOMESTIC
SOURCE REQUIREMENTS FOR TRANSPORTATION INVESTMENTS.

(a) In General.--Not later than 60 days after the end of a fiscal
year, the Inspector General of the Department of Transportation shall
submit a report to Congress on the acquisitions supported by Federal
transportation infrastructure investments which did not satisfy
applicable domestic content standards.
(b) Contents of Report.--The report submitted under subsection (a)
shall include, for the fiscal year covered by such report--
(1) the number of all domestic content waivers issued for
transportation infrastructure, rolling stock, and supporting
equipment purchases;
(2) the countries and specifications of the products for
which waivers were granted;
(3) an itemized list of all waivers granted with respect to
articles, materials, and supplies;
(4) any law that requires procurement of goods from a
domestic source;
(5) a citation to the treaty, international agreement, or
other law under which each waiver was granted, if applicable;
(6) the specific exception under the applicable domestic
content standards that was used to purchase such articles,
materials, or supplies, if any articles, materials, or supplies
were acquired from entities that manufacture articles,
materials, or supplies outside of the United States; and
(7) a summary of--
(A) the total procurement funds expended on
articles, materials, and supplies manufactured inside
the United States; and
(B) the total procurement funds expended on
articles, materials, and supplies manufactured outside
of the United States.
Output:
Strengthening Manufacturing and Rebuilding Transit Act of 2011 or SMART Act - Requires the Secretary of Transportation (DOT) to give preference to the award of discretionary or competitive grants, loans, loan guarantees, and lines of credit to transportation infrastructure projects, including the purchase of transit vehicle rolling stock, rail, and supporting equipment, in which manufactured goods to be purchased have a domestic content percentage that: (1) exceeds applicable federal requirements; and (2) in the case of rolling stock, is consistent with industry-recognized standards, if available.

Directs the Secretary to establish a centralized website that provides rules and guidance, waiver notices, and agency actions of the domestic content (Buy America) standards for DOT federal-aid programs.

Requires the Secretary to subject to public notice and comment any request for waiver, and to publication in the Federal Register and notification to Director of the Office of Management and Budget (OMB) of any waiver, of Buy America requirements involving: (1) public transportation projects, (2) AMTRAK acquisition and maintenance of equipment and facilities, and (3) intercity passenger rail service corridor capital assistance projects.

Directs the DOT Inspector General to report annually to Congress on acquisitions funded by federal transportation infrastructure investments that do not comply with Buy American requirements.