instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

(a) Short Title.--This Act may be cited as the ''Long-Term
Investment Incentive Act of 1997''.
(b) Amendment of 1986 Code.--Except as otherwise expressly
provided, whenever in this Act an amendment or repeal is expressed in
terms of an amendment to, or repeal of, a section or other provision,
the reference shall be considered to be made to a section or other
provision of the Internal Revenue Code of 1986.

SEC. 2. REDUCTION OF TAX ON LONG-TERM CAPITAL GAINS ON ASSETS HELD MORE
THAN 2 YEARS.

(a) In General.--Part I of subchapter P of chapter 1 (relating to
treatment of capital gains) is amended by redesignating section 1202 as
section 1203 and by inserting after section 1201 the following new
section:

''SEC. 1202. CAPITAL GAINS DEDUCTION FOR ASSETS HELD BY NONCORPORATE
TAXPAYERS MORE THAN 2 YEARS.

''(a) General Rule.--If a taxpayer other than a corporation has a
net capital gain for any taxable year, there shall be allowed as a
deduction an amount equal to the sum of the applicable percentages of
the classes of net capital gain described in the table under subsection
(b).
''(b) Applicable Percentage.--For purposes of this subsection, the
applicable percentage shall be the percentage determined in accordance
with the following table:

The applicable
''In the case of:
percentage is:
2-year gain........................ 7.145
3-year gain........................ 14.29
4-year gain........................ 21.45
5-year gain........................ 28.57
6-year gain........................ 35.71
7-year gain........................ 42.86
8-year gain........................ 50.00.
''(c) Gain to Which Deduction Applies.--For purposes of this
section--
''(1) 2-year gain.--The term '2-year gain' means the lesser
of--
''(A) the net capital gain for the taxable year, or
''(B) the amount of long-term capital gain which
would be computed for the taxable year if only gain
from the sale or exchange of property held by the
taxpayer for more than 2 years but not more than 3
years were taken into account.
''(2) 3-year gain, etc.--The terms '3-, 4-,
5-, 6-, or 7-year gain' mean the amounts determined under
paragraph (1)--
''(A) by reducing the amount of the net capital
gain under subparagraph (A) thereof by an amount equal
to the long-term capital gain from the sale or exchange
of property with a holding period less than the minimum
holding period for any such category, and
''(B) by substituting 3, 4, 5, 6, or 7 years for 2
years and 4, 5, 6, 7, or 8 years for 3 years,
respectively, in subparagraph (B) thereof.
''(3) 8-year gain.--The term '8-year gain' means the lesser
of--
''(A) the net capital gain for the taxable year,
reduced by in the same manner as under paragraph
(2)(A), or
''(B) the amount of the long-term capital gain
which would be computed for the taxable year if only
gain from the sale or exchange of property held by the
taxpayer for more than 8 years were taken into account.
''(d) Estates and Trusts.--In the case of an estate or trust, the
deduction under subsection (a) shall be computed by excluding the
portion (if any) of the gains for the taxable year from sales or
exchanges of capital assets which, under sections 652 and 662 (relating
to inclusions of amounts in gross income of beneficiaries of trusts),
is includible by the income beneficiaries as gain derived from the sale
or exchange of capital assets.
''(e) Coordination With Treatment of Capital Gain Under Limitation
on Investment Interest.--For purposes of this section, the net capital
gain for any taxable year shall be reduced (but not below zero) by the
amount which the taxpayer takes into account as investment income under
section 163(d)(4)(B)(iii).
''(f) Treatment of Collectibles.--
''(1) In general.--Solely for purposes of this section, any
gain or loss from the sale or exchange of a collectible shall
be treated as a short-term capital gain or loss (as the case may be),
without regard to the period such asset was held. The preceding
sentence shall apply only to the extent the gain or loss is taken into
account in computing taxable income.
''(2) Treatment of certain sales of interest in
partnership, etc.--For purposes of paragraph (1), any gain from
the sale or exchange of an interest in a partnership, S
corporation, or trust which is attributable to unrealized
appreciation in the value of collectibles held by such entity
shall be treated as gain from the sale or exchange of a
collectible. Rules similar to the rules of section 751(f) shall
apply for purposes of the preceding sentence.
''(3) Collectible.--For purposes of this subsection, the
term 'collectible' means any capital asset which is a
collectible (as defined in section 408(m) without regard to
paragraph (3) thereof).
''(g) Transitional Rule.--
''(1) In general.--Gain may be taken into account under
subsection (c) only if such gain is properly taken into account
on or after May 7, 1997.
''(2) Special rules for pass-thru entities.--
''(A) In general.--In applying paragraph (1) with
respect to any pass-thru entity, the determination of
when gains and losses are properly taken into account
shall be made at the entity level.
''(B) Pass-thru entity defined.--For purposes of
subparagraph (A), the term 'pass-thru entity' means--
''(i) a regulated investment company,
''(ii) a real estate investment trust,
''(iii) an S corporation,
''(iv) a partnership,
''(v) an estate or trust, and
''(vi) a common trust fund.''
(b) Deduction Allowable in Computing Adjusted Gross Income.--
Subsection (a) of section 62 is amended by inserting after paragraph
(16) the following new paragraph:
''(17) Long-term capital gains.--The deduction allowed by
section 1202.''
(c) Maximum Capital Gains Rate.--Section 1(h) is amended by adding
at the end the following new sentence: ''For purposes of this
subsection, taxable income shall be computed without regard to the
deduction allowed under section 1202.''
(d) Treatment of Certain Pass-Thru Entities.--
(1) Capital gain dividends of regulated investment
companies.--
(A) Subparagraph (B) of section 852(b)(3) is
amended to read as follows:
''(B) Treatment of capital gain dividends by
shareholders.--A capital gain dividend shall be treated
by the shareholders as gain from the sale or exchange
of a capital asset held for more than 1 year but not
more than 2 years; except that the portion of any such
dividend designated by the company as allocable 2-, 3-,
4-, 5-, 6-, 7-, or 8-year gain of the company shall be
treated as gain from the sale or exchange of a capital
asset held for the amount of years in such class for
purposes of section 1202. Rules similar to the rules of
subparagraph (C) shall apply to any designation under
the preceding sentence.''
(B) Clause (i) of section 852(b)(3)(D) is amended
by adding at the end the following new sentence:
''Rules similar to the rules of subparagraph (B) shall
apply in determining character of the amount to be so
included by any such shareholder.''
(2) Capital gain dividends of real estate investment
trusts.--Subparagraph (B) of section 857(b)(3) is amended to
read as follows:
''(B) Treatment of capital gain dividends by
shareholders.--A capital gain dividend shall be treated
by the shareholders or holders of beneficial interests
as gain from the sale or exchange of a capital asset
held for more than 1 year but not more than 2 years;
except that the portion of any such dividend designated
by the company as allocable to 2-, 3-, 4-, 5-, 6-, 7-,
or 8-year gain of the company shall be treated as gain
from the sale or exchange of a capital asset held for
the amount of years in such class for purposes of
section 1202. Rules similar to the rules of
subparagraph (C) shall apply to any designation under
the preceding sentence.''
(3) Common trust funds.--Subsection (c) of section 584 is
amended--
(A) by inserting ''and not more than 2 years''
after ''1 year'' each place it appears in paragraph
(2),
(B) by striking ''and'' at the end of paragraph
(2), and
(C) by redesignating paragraph (3) as paragraph (4)
and inserting after paragraph (2) the following new
paragraph:
''(3) as part of its gains from sales or exchanges of
capital assets held for periods described in the classes of
gains under section 1202(c), its proportionate share of the
gains of the common trust fund from sales or exchanges of
capital assets held for such periods, and''.
(e) Technical and Conforming Changes.--
(1) Subparagraph (B) of section 170(e)(1) is amended by
inserting ''(or, in the case of a taxpayer other than a
corporation, the percentage of such gain equal to 100 percent
minus the percentage applicable to such gain under section
1202(a))'' after ''the amount of gain''.
(2) Subparagraph (B) of section 172(d)(2) is amended to
read as follows:
''(B) the deduction under section 1202 and the
exclusion under section 1203 shall not be allowed.''
(3)(A) Section 221 (relating to cross reference) is amended
to read as follows:

''SEC. 221. CROSS REFERENCES.

''(1) For deduction for net capital gains in the case of a taxpayer
other than a corporation, see section 1202.
''(2) For deductions in respect of a decedent, see section 691.''
(B) The table of sections for part VII of subchapter B of
chapter 1 is amended by striking ''reference'' in the item
relating to section 221 and inserting ''references''.
(4) The last sentence of section 453A(c)(3) is amended by
striking all that follows ''long-term capital gain,'' and
inserting ''the maximum rate on net capital gain under section
1(h) or 1201 or the deduction under section 1202 (whichever is
appropriate) shall be taken into account.''
(5) Paragraph (4) of section 642(c) is amended to read as
follows:
''(4) Adjustments.--To the extent that the amount otherwise
allowable as a deduction under this subsection consists of gain
from the sale or exchange of capital assets held for more than
1 year, proper adjustment shall be made for any deduction
allowable to the estate or trust under section 1202 or any
exclusion allowable to the estate or trust under section
1203(a). In the case of a trust, the deduction allowed by this
subsection shall be subject to section 681 (relating to
unrelated business income).''
(6) The last sentence of paragraph (3) of section 643(a) is
amended to read as follows: ''The deduction under section 1202
and the exclusion under section 1203 shall not be taken into
account.''
(7) Subparagraph (C) of section 643(a)(6) is amended by
inserting ''(i)'' before ''there shall'' and by inserting
before the period '', and (ii) the deduction under section 1202
(relating to capital gains deduction) shall not be taken into
account''.
(8) Paragraph (4) of section 691(c) is amended by striking
''sections 1(h), 1201, and 1211'' and inserting ''sections
1(h), 1201, 1202, and 1211''.
(9) The second sentence of section 871(a)(2) is amended by
inserting ''or 1203'' after ''1202''.
(10) Subsection (d) of section 1044 is amended by striking
''1202'' and inserting ''1203''.
(11) Paragraph (1) of section 1402(i) is amended by
inserting '', and the deduction provided by section 1202 shall
not apply'' before the period at the end thereof.
(f) Clerical Amendment.--The table of sections for part I of
subchapter P of chapter 1 is amended by inserting after the item
relating to section 1201 the following new item:

''Sec. 1202. Capital gains deduction for
assets held by noncorporate
taxpayers more than 2 years.''
(g) Effective Date.--
(1) In general.--Except as otherwise provided in this
subsection, the amendments made by this section shall apply to
taxable years ending on and after May 7, 1997.
(2) Contributions.--The amendment made by subsection (e)(1)
shall apply to contributions on or after May 7, 1997.
answer:
Long-Term Investment Incentive Act of 1997 - Amends the Internal Revenue Code to establish a sliding scale capital gains deduction on assets held between two years and eight years by noncorporate taxpayers.

question:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Motorcoach Safety, Accountability,
and Technology Act of 2013''.

SEC. 2. BRAKE PERFORMANCE INSPECTIONS.

Not later than 3 years after the date of enactment of this Act, the
Secretary of Transportation shall issue regulations to ensure that an
individual conducts, before each trip of a motorcoach carried out by a
provider of motorcoach services, a brake performance inspection for
that motorcoach to ensure that the brake performance satisfies all
requirements under Federal law.

SEC. 3. BRAKE MONITORING SYSTEMS.

Not later than 3 years after the date of enactment of this Act, the
Secretary of Transportation shall issue regulations that--
(1) establish minimum performance standards for any
electronic system onboard a motorcoach that is used to monitor
the performance of an air brake system of that motorcoach; and
(2) require that each motorcoach with an air brake system,
if manufactured after the date that is 2 years after the
effective date of the standards established under paragraph
(1), be equipped with such an electronic system.

SEC. 4. AUTOMATIC EMERGENCY BRAKING AND COLLISION WARNING SYSTEMS.

Not later than 3 years after the date of enactment of this Act, the
Secretary of Transportation shall issue regulations requiring that each
motorcoach manufactured after the effective date of such regulations be
equipped with--
(1) an automatic emergency braking system; and
(2) a collision warning system.

SEC. 5. LANE DEPARTURE WARNING SYSTEMS.

Not later than 3 years after the date of enactment of this Act, the
Secretary of Transportation shall issue regulations requiring that each
motorcoach manufactured after the effective date of such regulations,
and with a gross vehicle weight rating of more than 10,000 pounds, be
equipped with a lane departure warning system.

SEC. 6. SPEED LIMITING DEVICES.

Not later than 3 years after the date of enactment of this Act, the
Secretary of Transportation shall issue regulations requiring that each
motorcoach manufactured after the effective date of such regulations be
equipped with a device that limits the speed at which the motorcoach
may travel to not more than 70 miles per hour.

SEC. 7. ADDITIONAL REGULATION REQUIREMENTS.

In issuing regulations under sections 3, 4, 5, and 6 of this Act,
the Secretary of Transportation shall--
(1) require that the technologies mandated for motorcoaches
under those sections be tamper resistant; and
(2) establish a process for certifying compliance with the
regulations.

SEC. 8. RETROFITTING.

(a) Study.--The Secretary of Transportation shall conduct a study
on the feasibility of requiring that motorcoaches, if not manufactured
with the technologies referenced in sections 3, 4, 5, and 6 of this
Act, be retrofitted with such technologies.
(b) Report.--Not later than 3 years after the date of enactment of
this Act, the Secretary shall submit to Congress a report on the
findings of the study conducted under subsection (a).

SEC. 9. REGROOVED, RECAPPED, AND RETREADED TIRES.

Not later than 3 years after the date of enactment of this Act, the
Secretary of Transportation shall issue regulations that establish
standards for the use of regrooved, recapped, or retreaded tires on a
motorcoach.

SEC. 10. MOTOR CARRIER SAFETY ASSISTANCE PROGRAM.

Section 31102(b)(2) of title 49, United States Code, is amended by
striking subparagraph (X) and inserting the following:
''(X) except in the case of an imminent or obvious
safety hazard, ensures that an inspection of a vehicle
transporting passengers for a motor carrier of
passengers is conducted at a station, terminal, border
crossing, maintenance facility, destination, weigh
station, rest stop, turnpike service area, or a
location where adequate food, shelter, and sanitation
facilities are available for passengers and reasonable
accommodation is available for passengers with
disabilities; and''.

SEC. 11. DEFINITIONS.

In this Act, the following definitions apply:
(1) Motorcoach.--The term ''motorcoach'' has the meaning
given that term in section 32702(6) of MAP-21, except that the
reference in such section to section 3038(a)(3) of the
Transportation Equity Act for the 21st Century (49 U.S.C. 5310
note) shall be treated as referring to such section 3038(a)(3)
as in effect on the day before the date of enactment of MAP-21.
(2) Provider of motorcoach services.--The term ''provider
of motorcoach services'' has the meaning given that term in
section 32702(10) of MAP-21, except that the term
''motorcoach'', as used in such section, shall be treated as
having the meaning given such term under paragraph (1) of this
section.
answer:
Motorcoach Safety, Accountability, and Technology Act of 2013 - Directs the Secretary of Transportation (DOT) to issue regulations to ensure that an individual conducts a brake performance inspection before each motorcoach trip to ensure that the brake performance satisfies all federal law requirements. Directs the Secretary to issue regulations to: (1) establish minimum performance standards for onboard electronic air brake monitoring systems for motorcoaches, (2) require motorcoaches to be equipped with automatic emergency braking and collision warning systems, (3) require motorcoaches with a gross vehicle weight rating of more than 10,000 pounds to be equipped with a lane departure warning system, and (4) require motorcoaches to be equipped with a device to limit maximum speed to 70 miles per hour. Requires the Secretary to make such technologies tamper resistant. Directs the Secretary to study the feasibility of requiring motorcoaches be retrofitted with such technologies. Directs the Secretary to issue regulations to establish standards for motorcoaches to use regrooved, recapped, or retreaded tires. Revises Motor Carrier Safety Assistance Program requirements. Requires the Secretary to approve plans under which states agree to assume responsibility for improving motor carrier safety and adopt and to enforce commercial motor vehicle safety, hazardous materials transportation safety, or compatible regulations, standards, and orders if the plan ensures that (except in the case of an imminent or obvious safety hazard) an inspection of a passenger motorcoach is conducted at a station, terminal, border crossing maintenance facility, and destination (as under current law), but also a weigh station, rest stop, turnpike service area, or other location where adequate food, shelter, and sanitation facilities are available for passengers as well as passengers with disabilities.

question:
SECTION 1. FINDINGS.

Congress finds the following:
(1) Simeon Saunders Booker, Jr., was born on August 27,
1918, in Baltimore, Maryland, to Reberta Waring and Simeon
Saunders Booker, Sr., a YMCA director and minister.
(2) After his family moved to Youngstown, Ohio, Booker
became interested in journalism.
(3) Booker promoted and wrote about Negro League baseball
teams in Youngstown's local newspaper, The Vindicator.
(4) In 1945, he moved back to Ohio to work for the Call and
Post, where he became the first African-American reporter to
win a Newspaper Guild Award for his series on Cleveland, Ohio,
slum housing, and a Willkie Award for reporting on racial
inequities in the public schools.
(5) In 1950, Booker was the recipient of the Nieman
Fellowship from Harvard University to study journalism and
develop his talent as a reporter.
(6) After leaving Harvard in 1951, Booker became the first
full-time African-American reporter at The Washington Post.
(7) In 1955, he helped to advance the civil rights movement
with his famous coverage of the Emmett Till murder and trial,
turning a common occurrence in the Deep South into a national
tragedy that united the Black community.
(8) He remained at the forefront of the civil rights
movement, reporting on the 1957 integration of Central High
School in Little Rock, Arkansas.
(9) In 1961, he rode with the Congress on Racial Equality
(CORE) Freedom Riders through the Deep South.
(10) When the Freedom Riders were firebombed and beaten in
Anniston, Alabama, in a Ku Klux Klan ambush, Booker arranged
for their rescue by calling U.S. Attorney General Robert F.
Kennedy.
(11) In two wartime tours of Vietnam in the 1960s, he
interviewed Black troops on the front lines, and took enemy
fire in a helicopter with United States Army General William
Westmoreland for reports for Jet and Ebony magazines.
(12) He has chronicled the most tumultuous period in
American history in two highly acclaimed books, Shocking the
Conscience: A Reporter's Account of the Civil Rights Movement
(University Press of Mississippi, 2013), and Black Man's
America (Prentice Hall, 1964).
(13) Often called the ''dean of the black press'', as chief
of Ebony and Jet magazines' Washington bureau, he interviewed
presidents, senators and representatives, members of the
judiciary, cabinet officers, foreign ambassadors, and other
important members of the Washington community. His column,
''Ticker Tape U.S.A.'' became a must-read for politicians and
government officials.
(14) He covered every Presidential election since the
Eisenhower Administration in his fifty-three years with Johnson
Publishing until he retired in 2007.
(15) In 1982, Booker received one of the most prestigious
awards in journalism, the National Press Club's Fourth Estate
Award.
(16) His honors and awards include: Nieman Fellowship,
Harvard University 1950; elected president of the Capitol Press
Club, 1956; Fourth Estate Award, National Press Club, 1982;
inducted into Hall of Fame, Washington Chapter of Sigma Delta
Chi, and Hall of Fame of Washington, DC, 1984; Master
Communicators Award, National Black Media Coalition, 1998;
Phoenix Award, Congressional Black Caucus Foundation, 2010;
inducted into Hall of Fame, National Association of Black
Journalists, 2013.

SEC. 2. CONGRESSIONAL GOLD MEDAL.

(a) Presentation Authorized.--The Speaker of the House of
Representatives and the President Pro Tempore of the Senate shall make
appropriate arrangements for the presentation, on behalf of the
Congress, of a gold medal of appropriate design, to Simeon Saunders
Booker, Jr., in recognition of his achievements in the field of
journalism, including reporting during the Civil Rights movement, as
well as social and political commentary.
(b) Design and Striking.--For purposes of the presentation referred
to in subsection (a), the Secretary of the Treasury (referred to in
this Act as the ''Secretary'') shall strike a gold medal with suitable
emblems, devices, and inscriptions to be determined by the Secretary.

SEC. 3. DUPLICATE MEDALS.

The Secretary may strike and sell duplicates in bronze of the gold
medal struck pursuant to section 2 under such regulations as the
Secretary may prescribe, at a price sufficient to cover the cost
thereof, including labor, materials, dies, use of machinery, and
overhead expenses, and the cost of the gold medal.

SEC. 4. STATUS OF MEDALS.

(a) National Medals.--The medals struck pursuant to this Act are
national medals for purposes of chapter 51 of title 31, United States
Code.
(b) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all medals struck under this Act shall be
considered to be numismatic items.
answer:
This bill directs theSpeaker of the House of Representatives and the President pro tempore of the Senateto arrange for the presentation of a Congressional Gold Medal to Simeon Saunders Booker, Jr., in recognition of his achievements in the field of journalism, including his reporting during the civil rights movement and his social and political commentary.