Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
See one example below:
Problem: SECTION 1. LIABILITY OF BUSINESS ENTITIES PROVIDING USE OF FACILITIES
TO NONPROFIT ORGANIZATIONS.

(a) Definitions.--In this section:
(1) Business entity.--The term ''business entity'' means a
firm, corporation, association, partnership, consortium, joint
venture, or other form of enterprise.
(2) Facility.--The term ''facility'' means any real
property, including any building, improvement, or appurtenance.
(3) Gross negligence.--The term ''gross negligence'' means
voluntary and conscious conduct by a person with knowledge (at
the time of the conduct) that the conduct is likely to be
harmful to the health or well-being of another person.
(4) Intentional misconduct.--The term ''intentional
misconduct'' means conduct by a person with knowledge (at the
time of the conduct) that the conduct is harmful to the health
or well-being of another person.
(5) Nonprofit organization.--The term ''nonprofit
organization'' means--
(A) any organization described in section 501(c)(3)
of the Internal Revenue Code of 1986 and exempt from
tax under section 501(a) of such Code; or
(B) any not-for-profit organization organized and
conducted for public benefit and operated primarily for
charitable, civic, educational, religious, welfare, or
health purposes.
(6) State.--The term ''State'' means each of the several
States, the District of Columbia, the Commonwealth of Puerto
Rico, the Virgin Islands, Guam, American Samoa, the Northern
Mariana Islands, any other territory or possession of the
United States, or any political subdivision of any such State,
territory, or possession.
(b) Limitation on Liability.--
(1) In general.--Subject to subsection (c), a business
entity shall not be subject to civil liability relating to any
injury or death occurring at a facility of the business entity
in connection with a use of such facility by a nonprofit
organization if--
(A) the use occurs outside of the scope of business
of the business entity;
(B) such injury or death occurs during a period
that such facility is used by the nonprofit
organization; and
(C) the business entity authorized the use of such
facility by the nonprofit organization.
(2) Application.--This subsection shall apply--
(A) with respect to civil liability under Federal
and State law; and
(B) regardless of whether a nonprofit organization
pays for the use of a facility.
(c) Exception for Liability.--Subsection (b) shall not apply to an
injury or death that results from an act or omission of a business
entity that constitutes gross negligence or intentional misconduct,
including any misconduct that--
(1) constitutes a crime of violence (as that term is
defined in section 16 of title 18, United States Code) or act
of international terrorism (as that term is defined in section
2331 of title 18) for which the defendant has been convicted in
any court;
(2) constitutes a hate crime (as that term is used in the
Hate Crime Statistics Act (28 U.S.C. 534 note));
(3) involves a sexual offense, as defined by applicable
State law, for which the defendant has been convicted in any
court; or
(4) involves misconduct for which the defendant has been
found to have violated a Federal or State civil rights law.
(d) Superseding Provision.--
(1) In general.--Subject to paragraph (2) and subsection
(e), this Act preempts the laws of any State to the extent that
such laws are inconsistent with this Act, except that this Act
shall not preempt any State law that provides additional
protection from liability for a business entity for an injury
or death with respect to which conditions under subparagraphs
(A) through (C) of subsection (b)(1) apply.
(2) Limitation.--Nothing in this Act shall be construed to
supersede any Federal or State health or safety law.
(e) Election of State Regarding Nonapplicability.--This Act shall
not apply to any civil action in a State court against a business
entity in which all parties are citizens of the State if such State
enacts a statute--
(1) citing the authority of this subsection;
(2) declaring the election of such State that this Act
shall not apply to such civil action in the State; and
(3) containing no other provision.
Solution: Shields a business entity from civil liability relating to any injury or death occurring at a facility of that entity in connection with a use of such facility by a nonprofit organization if: (1) the use occurs outside the scope of business of the business entity; (2) such injury or death occurs during a period that such facility is used by such organization; and (3) the business entity authorized the use of such facility by the organization.
Makes this Act inapplicable to an injury or death that results from an act or omission of a business entity that constitutes gross negligence or intentional misconduct, including misconduct that: (1) constitutes a hate crime or a crime of violence or act of international terrorism for which the defendant has been convicted in any court; or (2) involves a sexual offense for which the defendant has been convicted in any court or misconduct for which the defendant has been found to have violated a Federal or State civil rights law.
Preempts State laws to the extent that such laws are inconsistent with this Act, except State law that provides additional protection from liability. Specifies that this Act shall not be construed to supersede any Federal or State health or safety law.
Makes this Act inapplicable to any civil action in a State court against a business entity in which all parties are citizens of the State if such State, citing this Act's authority and containing no other provision, enacts a statute declaring the State's election that this Act shall not apply to such action in the State.
Explanation: This Bill focuses on shielding business entities from civil liability relating to an injury or death depending on the conditions of injury, hence the generated summary is correct.

Problem: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Transform America Transaction Fee of
2004''.

SEC. 2. FINDINGS.

The Congress finds the following:
(1) An effective stimulus plan meets the criteria of job
creation, fiscal responsibility, fairness, targeting of unmet
needs, tax reform and revenue sharing.
(2) Economic viability is inexorably linked to the rate of
economic growth.
(3) The current tax structure creates economic distortions
that limit growth and job creation.
(4) The cost of compliance to taxpayers is five billion
hours and approximately $200 billion.
(5) The tax code produces inefficiency in revenue raising
that forces the nation to struggle unnecessarily under the
burden of unequal and inadequate systems of public education
and health care, a crumbling physical and social services
infrastructure, and a crushing national debt.
(6) Restructuring the tax code would promote economic
prosperity.
(7) Replacing existing Federal taxes with a fee on
transactions eliminates systemic inefficiency that plagues the
current tax code.
(8) Implementing a transaction fee would allow businesses
to undertake projects that were not profitable in the past and
workers would be more willing to supply labor than before.
(9) Responsible tax reform is necessary for all to enjoy
financial security, economic prosperity, educational
opportunities, and affordable health care.
(10) Therefore, it is necessary for the Department of the
Treasury to conduct a transaction fee and implementation
feasibility study to achieve these stated goals.

SEC. 3. STUDY ON THE IMPLEMENTATION OF A TRANSACTION FEE.

(a) In General.--The Secretary of the Treasury shall conduct an in-
depth study on the implementation of a transaction tax in the United
States. In particular, such study shall include a detailed feasibility
and impact analysis of the proposal outlined in subsection (b) (as well
as an implementation/action plan) to replace all existing Federal taxes
with a per transaction fee based on the value of the transaction.
(b) Transaction Tax Proposal.--
(1) In general.--The fee under the proposal would apply to
all cash and non-cash transactions (including checks, credit
cards, transfers of stocks, bonds, and other financial
instruments).
(2) Exclusions.--The fee would not apply to--
(A) cash transactions of less than $500, and
(B) salaries and wages by employers to employees.
(3) Cash withdrawals from financial institutions.--The fee
under the proposal would apply to cash withdrawals from
financial institutions and be set at a rate that is either
double or higher than the standard transaction fee.
(4) Fee rate.--
(A) In general.--The fee rate is set at a level
sufficient to generate revenues equal to revenues under
the Internal Revenue Code of 1986.
(B) Other potential uses of fee.--The fee rate
could be structured to cover 1 or more of the
following:
(i) A national debt reduction plan
requiring elimination of the current national
debt of $6.846 trillion over a period of 10
years, with equal annual payments.
(ii) A Federal revenue sharing program
providing funding to States to support 50% of
the K-16 education costs of each State which
agrees to adopt an equitable public school
finance system.
(iii) A Federal program providing health
care insurance coverage (for the current
estimated 43 million uninsured Americans) which
is comparable to the Federal employee benefit
program or Medicare.
(iv) A Federal revenue sharing program
supporting community and economic development
investments in high poverty rural and urban
areas at a level equal to 10% of current
Federal tax revenues.
(5) Progressivity.--The base standard transaction fee shall
not be greater than 1% for all noncash transactions under $500.
If more revenues are needed to meet the requirements of
paragraph (4), the Secretary of the Treasury would calculate
the minimum level of progressivity required to cover these
costs. This progressivity factor may include--
(A) a higher transaction fee for all transactions
above $500, and
(B) a progressive schedule of rates to tiered
ranges of transactions above $500.
(6) General provisions.--
(A) Liability for fee.--Persons become liable for
the fee at the moment the person exercises control over
a piece of property or service, regardless of the
payment method.
(B) Collection.--The fees will be collected by the
seller or financial institution servicing the
transaction.
(c) Report of Study.--
(1) In general.--The results of the study shall be
submitted to the Congress by the Secretary of the Treasury in a
comprehensive analytical report, detailing--
(A) the methodology employed in the calculation of
the fee rate,
(B) the factors considered in assessing feasibility
of the proposed revenue generating system and the
weight applied to each, and
(C) the portion of the transaction fee attributable
to each of the programs identified in paragraph (3)(B)
and the methodology used to calculate each.
(2) Other requirements.--The study shall (in the following
order)--
(A) compute the fee needed to meet current revenue
generation,
(B) compute the fee needed to meet revenue
neutrality and generate additional revenue to support
the program described in paragraph (3)(B)(i) (relating
to national debt reduction plan),
(C) compute the fee needed to meet revenue
neutrality and generate additional revenue to support
all the programs described in paragraph (3)(B), and
(D) determine the utility of pegging changes in the
transaction fee schedule of rates to the rate of
inflation.
(3) Comparative analysis.--The study shall include a
comparative analysis of the existing revenue-raising system
versus the proposed fee-based system on economic behavior. The
study shall include an analysis of effect of the 2 systems on--
(A) job creation,
(B) economic growth,
(C) consumption,
(D) investments, and
(E) savings levels.
(4) Types of transactions.--The study shall include a
broad-based examination of all types and categories of
transactions, including information on frequency and value of
transactions in each category.
(5) Impact of exemptions.--The study shall examine the
impact of the transaction fee exemption for all cash
transactions under $500.
(6) Program operations.--The study shall provide
instructions on program operations, including--
(A) transaction fee collection,
(B) transaction fee implementation, and
(C) transaction fee compliance, enforcement, and
administrative costs.
(7) Fee as tool of fiscal policy.--The study shall assess
the transaction fee as a tool of Federal fiscal policy,
including an impact analysis on the elimination or retention of
existing tax expenditures, incentives, penalties, and credits.
The study should also research and comment on options for
rebating citizens currently not subject to Federal income taxes
and/or other current aspects of the Federal tax code (i.e. the
earned income credit, the alternative minimum tax, and the
child tax credit).
(8) Impact of fee by income levels.--The study shall
include an assessment of the impact of the transaction fee by
quartile income levels.
(9) Implementation plan.--The study shall include a
detailed action plan on how best to implement a transaction tax
in the United States and shall include--
(A) information on timeline, agency reform,
potential pertinent regulatory issues, and type of
congressional action needed, and
(B) an examination of the feasibility of modifying
the overall mission and jurisdiction of the Internal
Revenue Service from one focused on tax law application
to one focused on uncovering and eliminating waste,
fraud, and abuse throughout the Federal Government.
(d) Due Date.--The report of the study shall be submitted to the
Congress not later than 1 year after enactment of this Act.
Solution:
Transform America Transaction Fee of 2004 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction tax in the United States, including a detailed feasibility and impact analysis of, and an implementation/action plan for, a proposal to replace all existing Federal taxes with a per transaction fee based on the value of the transaction.