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.
Problem:SECTION 1. CONGRESSIONAL OVERSIGHT OF INTELLIGENCE ACTIVITIES.

(a) General Congressional Oversight.--Section 501(a) of the
National Security Act of 1947 (50 U.S.C. 413(a)) is amended by adding
at the end the following new paragraph:
''(3) In carrying out paragraph (1), the President shall provide to
the congressional intelligence committees all information necessary to
assess the lawfulness, effectiveness, cost, benefit, intelligence gain,
budgetary authority, and risk of an intelligence activity.''.
(b) Reporting on Activities Other Than Covert Actions.--Section 502
of such Act (50 U.S.C. 413a) is amended by adding at the end the
following new subsection:
''(d) Distribution of Information.--
''(1) Request.--Information or material provided in
accordance with subsection (a) shall be made available to each
member of the congressional intelligence committees, unless the
President requests that access to the information or material
be limited after determining that limiting such access is
essential to meet extraordinary circumstances affecting vital
interests of the United States. A request under this paragraph
and the extraordinary circumstances referred to in this
paragraph shall be detailed in writing to the Chair and ranking
minority member of the congressional intelligence committees.
''(2) Distribution.--If the President submits a request
under paragraph (1), the Chair and ranking minority member of
each congressional intelligence committee may jointly determine
whether and how to limit access to the information or material
within such committee. If the Chair and ranking minority member
of such committee are unable to agree on whether or how to
limit such access, access to the information or material shall
be limited as requested by the President. Any information or
material to which access is limited shall subsequently be made
fully available to each member of the congressional
intelligence committees at the earliest possible time and shall
include a detailed statement of the reasons for not providing
prior access.''.
(c) Covert Actions.--Section 503 of the National Security Act of
1947 (50 U.S.C. 413b) is amended--
(1) in subsection (c)--
(A) by striking paragraph (2) and inserting the
following new paragraph:
''(2)(A) A finding reported in accordance with paragraph
(1) shall be made available to each member of the congressional
intelligence committees, unless the President requests that
access to the finding be limited after determining that
limiting such access is essential to meet extraordinary
circumstances affecting vital interests of the United States. A
request under this subparagraph and the extraordinary
circumstances referred to in this paragraph shall be detailed
in writing to the Chair and ranking minority member of the
congressional intelligence committees.
''(B) If the President submits a request under subparagraph
(A), the Chair and ranking minority member of each
congressional intelligence committee may jointly determine
whether and how to limit access to the finding within such
committee. If the Chair and ranking minority member of such
committee are unable to agree on whether or how to limit such
access, access to the finding shall be limited as requested by
the President. A finding to which access is limited shall
subsequently be made fully available to each member of the
congressional intelligence committees at the earliest possible
time and shall include a detailed statement of the reasons for
not providing prior access.''; and
(B) in paragraph (4), by striking the second
sentence; and
(2) in subsection (d)--
(A) by striking ''(d) The President'' and inserting
''(d)(1) The President'';
(B) in paragraph (1), as designated by subparagraph
(A) of this paragraph, by striking ''the Members of
Congress specified in subsection (c)(2)'' and inserting
''the Members of Congress to which access to a finding
is limited in accordance with subsection (c)(2)''; and
(C) by adding at the end the following new
paragraph:
''(2) For purposes of this subsection, an activity shall constitute
a 'significant undertaking' if the activity--
''(A) involves the potential for loss of life;
''(B) requires an expansion of existing authorities,
including authorities relating to research, development, or
operations;
''(C) results in the expenditure of significant funds or
other resources;
''(D) requires notification under section 504;
''(E) gives rise to a significant risk of disclosing
intelligence sources or methods; or
''(F) could cause serious damage to the diplomatic
relations of the United States if such activity were disclosed
without authorization.''.
Solution:
Amends the National Security Act of 1947 to direct the President to provide to the congressional intelligence committees all information necessary to assess the lawfulness, effectiveness, cost, benefit, intelligence gain, budgetary authority, and risk of an intelligence activity.

Requires information or material concerning covert actions and actions other than covert actions to be made available to each member of such committees, unless the President requests in writing that access be limited to meet extraordinary circumstances affecting vital U.S. interests. Allows the chair and ranking member of each committee to jointly determine whether and how to limit such access. Requires information or material so limited to be made fully available to each committee member at the earliest possible time, and to include the reasons for not providing prior access.