Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. CHARTER.

The Ukrainian American Veterans, Incorporated, organized and
incorporated under the laws of the State of New York, is hereby
recognized and granted a Federal charter.

SEC. 2. POWERS.

The corporation shall have only the powers granted to it through
its bylaws and articles of incorporation filed in the States in which
it is incorporated and subject to the laws of such States.

SEC. 3. PURPOSES.

The purposes of the corporation are those provided in its articles
of incorporation and include a commitment, on a national basis, to--
(1) preserve, protect, and defend the Constitution of the
United States;
(2) commemorate the wars, campaigns, and military actions
of the United States in order to reflect respect, honor, and
tribute for the dead and the surviving veterans;
(3) give individuals throughout the Nation a greater
understanding of and appreciation for the sacrifices of the
people who participated in any military action on behalf of
individuals throughout the United States;
(4) stimulate, to the highest degree possible, the interest
of the entire Nation in the problems of veterans, their widows,
and orphans;
(5) collect, edit, publish, and preserve records and
mementos of patriotic service of veterans of the Armed Forces
of the United States; and
(6) foster the association of veterans of Ukrainian descent
who have served in the Armed Forces of the United States.

SEC. 4. RESTRICTIONS.

(a) Use of Income and Assets.--No part of the income or assets of
the corporation may inure to any member, officer, or director of the
corporation or be distributed to any such person during the life of
this charter. No provision in this subsection may be construed to
prevent the payment of reasonable compensation to the officers and
employees of the corporation or reimbursement for actual necessary
expenses in amounts approved by the board of directors.
(b) Loans.--The corporation may not make any loan to any member,
officer, director, or employee of the corporation.
(c) Political Activity.--The corporation, any officer or director
of the corporation, acting as such officer or director, may not
contribute to, support, or otherwise participate in any political
activity or in any manner attempt to influence legislation.
(d) Issuance of Stock and Payment of Dividends.--The corporation
may not issue any shares of stock or declare or pay any dividends.
(e) Claims of Federal Approval.--The corporation may not claim the
approval of the Congress or the authorization of the Federal Government
for any of its activities.
(f) Corporate Status.--The corporation shall maintain its status as
a corporation organized and incorporated under the laws of the State of
New York.
(g) Corporate Function.--The corporation shall function as an
educational, patriotic, civic, and historical organization under the
laws of the States in which it is incorporated.

SEC. 5. LIABILITY.

The corporation shall be liable for the acts of its officers,
directors, employees, and agents whenever the officers, directors,
employees, and agents act within the scope of their authority.

SEC. 6. MAINTENANCE AND INSPECTION OF BOOKS AND RECORDS.

(a) Books and Records of Account.--The corporation shall keep
correct and complete books and records of account and shall keep
minutes of any proceeding of the corporation involving any of its
members, the board of directors, or any committee having authority
under the board of directors.
(b) Names and Addresses of Members.--The corporation shall keep, at
its principal office, a record of the names of all members having the
right to vote in any proceeding of the corporation.
(c) Right To Inspect Books and Records.--All books and records of
the corporation may be inspected by any member having the right to
vote, or by any agent or attorney of such member, for any proper
purpose, at any reasonable time.
(d) Application of State Law.--No provision of this section may be
construed to contravene any applicable State law.

SEC. 7. AUDIT OF FINANCIAL TRANSACTIONS.

The first section of the Act entitled ''An Act to provide for audit
of accounts of private corporations established under the Federal
law'', approved August 30, 1964 (36 U.S.C. 1101), is amended by adding
at the end the following: ''Ukrainian American Veterans,
Incorporated.''.

SEC. 8. ANNUAL REPORT.

The corporation shall annually submit to the Congress a report
concerning the activities of the corporation during the preceding
fiscal year. The annual report shall be submitted at the same time as
is the report of the audit required by section 7. The report shall not
be printed as a public document.

SEC. 9. RESERVATION OF RIGHT TO AMEND OR REPEAL CHAPTER.

The right to amend or repeal this Act is expressly reserved to the
Congress.

SEC. 10. DEFINITIONS.

For purposes of this Act--
(1) the term ''corporation'' means the Ukrainian American
Veterans, Incorporated; and
(2) the term ''State'' means any of the several States, the
District of Columbia, the Commonwealth of Puerto Rico, the
Commonwealth of the Northern Mariana Islands, the Virgin
Islands, Guam, American Samoa, the Trust Territories of the
Pacific Islands, or any other territory or possessions of the
United States.

SEC. 11. TAX-EXEMPT STATUS.

The corporation shall maintain its status as an organization exempt
from taxation as provided in the Internal Revenue Code of 1986.

SEC. 12. TERMINATION.

The charter granted in this Act shall expire if the corporation
fails to comply with any provisions of this Act.
Student:
Grants a Federal charter to the Ukrainian American Veterans, Incorporated (a nonprofit corporation organized under the laws of the State of New York).