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

This Act may be cited as the ''American Missile Protection Act of
1998''.

SEC. 2. FINDINGS.

Congress makes the following findings:
(1) The threat of weapons of mass destruction delivered by
long-range ballistic missiles is among the most serious
security issues facing the United States.
(A) In a 1994 Executive Order, President Clinton
certified, that ''I ... find that the proliferation of
nuclear, biological, and chemical weapons ('weapons of
mass destruction') and the means of delivering such
weapons, constitute an unusual and extraordinary threat
to the national security, foreign policy, and economy
of the United States, and hereby declare a national
emergency to deal with that threat.'' This state of
emergency was reaffirmed in 1995, 1996, and 1997.
(B) In 1994 the President stated, that ''there is
nothing more important to our security and the world's
stability than preventing the spread of nuclear weapons
and ballistic missiles''.
(C) Several countries hostile to the United States
have been particularly determined to acquire missiles
and weapons of mass destruction. President Clinton
observed in January of 1998, for example, that ''Saddam
Hussein has spent the better part of this decade, and
much of his nation's wealth, not on providing for the
Iraqi people, but on developing nuclear, chemical and
biological weapons and the missiles to deliver them''.
(D) In 1996, the Senate affirmed that, ''it is in
the supreme interest of the United States to defend
itself from the threat of limited ballistic missile
attack, whatever the source.''
(2) The long-range ballistic missile threat to the United
States is increasing.
(A) Several adversaries of the United States have
stated their intention to acquire intercontinental
ballistic missiles capable of attacking the United
States.
(i) Libyan leader Muammar Qaddafi has
stated, ''If they know that you have a
deterrent force capable of hitting the United
States, they would not be able to hit you. If
we had possessed a deterrent--missiles that
could reach New York--we would have hit it at
the same moment. Consequently, we should build
this force so that they and others will no
longer think about an attack.''
(ii) Abu Abbas, the head of the Palestine
Liberation Front, has stated, ''I would love to
be able to reach the American shore, but this
is very difficult. Someday an Arab country will
have ballistic missiles. Someday an Arab
country will have a nuclear bomb. It is better
for the United States and for Israel to reach
peace with the Palestinians before that day.''
(iii) Saddam Hussein has stated, ''Our
missiles cannot reach Washington. If we could
reach Washington, we would strike if the need
arose.''
(iv) Iranian actions speak for themselves.
Iran's aggressive pursuit of medium-range
ballistic missiles capable of striking Central
Europe--aided by the continuing collaboration
of outside agents--demonstrates Tehran's intent
to acquire ballistic missiles of ever-
increasing range.
(B) Over 30 non-NATO countries possess ballistic
missiles, with at least 10 of those countries
developing over 20 new types of ballistic missiles.
(C) From the end of World War II until 1980,
ballistic missiles were used in one conflict. Since
1980, thousands of ballistic missiles have been fired
in at least six different conflicts.
(D) The clear trend among countries hostile to the
United States is toward having ballistic missiles of
greater range.
(i) North Korea first acquired 300-
kilometer range Scud Bs, then developed and
deployed 500-kilometer range Scud Cs, is
currently deploying the 1000-kilometer range
No-Dong, and is developing the 2000-kilometer
range Taepo-Dong 1 and 6000-kilometer range
Taepo-Dong 2, which would be capable of
striking Alaska and Hawaii.
(ii) Iran acquired 150-kilometer range CSS-
8s, progressed through the Scud B and Scud C,
and is developing the 1300-kilometer range
Shahab-3 and 2000-kilometer range Shahab-4,
which would allow Iran to strike Central
Europe.
(iii) Iraq, in a two-year crash program,
produced a new missile, the Al-Hussein, with
twice the range of its Scud Bs.
(iv) Experience gained from extending the
range of short- and medium-range ballistic
missiles facilitates the development of
intercontinental ballistic missiles.
(E) The technical information, hardware, and other
resources necessary to build ballistic missiles are
increasingly available and accessible worldwide.
(i) Due to advances in information
technology, a vast amount of technical
information relating to ballistic missile
design, much of it formerly classified, has
become widely available and is increasingly
accessible through the Internet and other
distribution avenues.
(ii) Components, tools, and materials to
support ballistic missile development are
increasingly available in the commercial
aerospace industry.
(iii) Increasing demand for satellite-based
telecommunications is adding to the demand for
commercial Space Launch Vehicles, which employ
technology that is essentially identical to
that of intercontinental ballistic missiles. As
this increasing demand is met, the technology
and expertise associated with space launch
vehicles also proliferate.
(F) Russia and China have provided significant
technical assistance to rogue nation ballistic missile
programs, accelerating the pace of those efforts. In
June of 1997, the Director of Central Intelligence,
reporting to Congress on weapons of mass destruction-
related equipment, materials, and technology, stated
that ''China and Russia continued to be the primary
suppliers, and are key to any future efforts to stem
the flow of dual-use goods and modern weapons to
countries of concern.''
(G) Russia and China continue to engage in missile
proliferation.
(i) Despite numerous Russian assurances not
to assist Iran with its ballistic missile
program, the Deputy Assistant Secretary of
State for Nonproliferation testified to the
Senate, that ''the problem is this: there is a
disconnect between those reassurances, which we
welcome, and what we believe is actually
occurring.''
(ii) Regarding China's actions to
demonstrate the sincerity of its commitment to
nonproliferation, the Director of Central
Intelligence testified to the Senate on January
28, 1998, that, ''the jury is still out on
whether the recent changes are broad enough in
scope and whether they will hold over the
longer term. As such, Chinese activities in
this area will require continued close
watching.''
(H) The inability of the United States to defend
itself against weapons of mass destruction delivered by
long-range ballistic missile provides additional
incentive for hostile nations to develop long-range
ballistic missiles with which to threaten the United
States. Missiles are widely viewed as valuable tools
for deterring and coercing a vulnerable United States.
(3) The ability of the United States to anticipate future
ballistic missile threats is questionable.
(A) The Intelligence Community has failed to
anticipate many past technical innovations (for
example, Iraq's extended-range Al-Hussein missiles and
its development of a space launch vehicle) and outside
assistance enables rogue states to surmount traditional
technological obstacles to obtaining or developing
ballistic missiles of increasing range.
(B) In June of 1997, the Director of Central
Intelligence reported to Congress that ''many Third
World countries--with Iran being the most prominent
example--are responding to Western counter-
proliferation efforts by relying more on legitimate
commercial firms as procurement fronts and by
developing more convoluted procurement networks.''
(C) In June of 1997, the Director of Central
Intelligence stated to Congress that ''gaps and
uncertainties preclude a good projection of exactly
when 'rest of the world' countries will deploy ICBMs.''
(D) In 1997, the Director of Central Intelligence
testified that Iran would have a medium-range missile
by 2007. One year later the Director stated, ''since I
testified, Iran's success in getting technology and
materials from Russian companies, combined with recent
indigenous Iranian advances, means that it could have a
medium-range missile much sooner than I assessed last
year.'' Department of State officials have testified
that Iran could be prepared to deploy such a missile as
early as late 1998, nine years earlier than had been
predicted one year before by the Director of Central
Intelligence.
(4) The failure to prepare adequately for long-range
ballistic missile threats could have severe national security
and foreign policy consequences for the United States.
(A) An attack on the United States by a ballistic
missile equipped with a weapon of mass destruction
could inflict catastrophic death or injury to citizens
of the United States and severe damage to their
property.
(B) A rogue state's ability to threaten the United
States with an intercontinental ballistic missile may
constrain the United States' options in dealing with
regional threats to its interests, deter the United
States from taking appropriate action, or prompt allies
to question United States security guarantees, thereby
weakening alliances of the United States and the United
States' world leadership position.
(5) The United States must be prepared for rogue nations
acquiring long-range ballistic missiles armed with weapons of
mass destruction.
(A) In its resolution of ratification for the START
II Treaty, the United States Senate declared that
''because deterrence may be inadequate to protect the
United States against long-range ballistic missile
threats, missile defenses are a necessary part of new
deterrent strategies.''
(B) In September of 1994, Secretary of Defense
Perry stated that in the post-Cold War era, ''we now
have opportunity to create a new relationship based not
on MAD, not on Mutual Assured Destruction, but rather
on another acronym, MAS, or Mutual Assured Safety.''
(C) On February 12, 1997, the Under Secretary of
Defense for Policy testified to the Senate that ''I and
the administration are quite willing to acknowledge
that if we saw a rogue state, a potential proliferant,
beginning to develop a long-range ICBM capable of
reaching the United States, we would have to give very,
very serious attention to deploying a limited national
missile defense.''
(6) The United States has no defense deployed against
weapons of mass destruction delivered by long-range ballistic
missiles and no policy to deploy such a national missile
defense system.

SEC. 3. NATIONAL MISSILE DEFENSE POLICY.

It is the policy of the United States to deploy as soon as is
technologically possible an effective National Missile Defense system
capable of defending the territory of the United States against limited
ballistic missile attack (whether accidental, unauthorized, or
deliberate).

Answer: American Missile Protection Act of 1998 - States as U.S. policy to deploy as soon as technologically possible an effective National Missile Defense system capable of defending U.S. territory against limited ballistic missile attack (whether accidental, unauthorized, or deliberate).

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Zero Gravity, Zero Tax Act of
2003''.

SEC. 2. EXCLUSION OF SPACE-RELATED INCOME FROM GROSS INCOME.

(a) In General.--Part III of subchapter B of chapter 1 of the
Internal Revenue Code of 1986 (relating to items specifically excluded
from gross income) is amended by redesignating section 140 as section
140A and inserting after section 139 the following new section:

''SEC. 140. SPACE-RELATED INCOME.

''(a) General Rule.--Gross income shall not include space-related
income.
''(b) Space-Related Income.--
''(1) In general.--For purposes of this section, the term
'space-related income' means--
''(A) income derived from the sale by the taxpayer
to an unrelated person of--
''(i) any product or article which is
produced by the taxpayer in outer space, and
''(ii) any service provided by the taxpayer
in or from outer space,
''(B) income of an individual attributable to
services performed in or from outer space by such
individual in a trade or business, and
''(C) any amount not described in subparagraph (A)
or (B) which is interest, rent, royalty, or similar
amount received with respect to production or service
described in subparagraph (A) or (B).
''(2) Exception for telecommunications services, etc.--
Paragraph (1)(A)(ii) shall not apply to--
''(A) any telecommunications service provided from
earth orbit,
''(B) any service provided by a weather or other
earth observation satellite, and
''(C) any other service provided on or before the
date of the enactment of this section of transporting
property to or from outer space.
''(3) Exception for wages.--Paragraph (1) shall not apply
to wages (as defined in section 3401) received by any employee
of an employer.
''(4) Proportional allocation between space-based and
earth-based activities.--In the case of any product or article
which is produced partly in space, space-related income shall
be an amount which bears the same ratio to the amount of gross
income attributable to the sale of such product or article as
the expenses attributable to producing such product or article
in space bears to the total expenses incurred in producing such
product or article.
''(5) Produced.--For purposes of this section, the term
'produced' includes created, fabricated, developed, grown,
manufactured, extracted, processed, cured, and aged.
''(c) Exclusion From Tariffs, Etc.--Any product--
''(1) which is manufactured in outer space, and
''(2) which was--
''(A) launched from, and returned to Earth, within
the United States, or
''(B) Manufactured at a facility in outer space
which is owned by 1 or more United States persons,
shall be exempt from all Federal excises, imposts, and
duties and any other Federal tariffs.
''(d) Phaseout of Benefits.--In the case of a taxable year
beginning after December 31, 2012, the amount excluded under subsection
(a) shall be reduced (but not below zero) by x/10th's of the amount
excludable without regard to this subsection, where 'x' is the number
of years such taxable year is after the last taxable year beginning
before January 1, 2013. A similar rule shall apply to the benefits
under subsection (c).''.
(b) Clerical Amendment.--The table of sections for part III of
subchapter B of chapter 1 of such Code is amended by striking the last
item and inserting the following new items:

''Sec. 140. Space-related income.
''Sec. 140A. Cross references to other
Acts.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2003.

SEC. 3. CREDIT FOR PURCHASE OF QUALIFIED SPACE COMPANY STOCK.

(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to business related
credits) is amended by adding at the end the following new section:

''SEC. 45G. SPACE COMPANY INVESTMENT CREDIT.

''(a) General Rule.--For purposes of section 38, the space company
investment credit determined under this section for any taxable year is
the amount paid in the taxable year for the purchase of qualified stock
in a qualified space company.
''(b) Qualified Space Company.--For purposes of this section--
''(1) In general.--The term 'qualified space company' means
a domestic C corporation if for the 3-taxable-year period
ending with the taxable year immediately preceding the taxable
year in which qualified stock is purchased--
''(A) the average annual gross receipts of such
entity does not exceed $100,000,000, and
''(B) more than 70 percent of such gross receipts
are derived from space-based business.
''(2) Space-based business.--The term 'space-based
business' means a business whose gross receipts are
substantially space-related income, as defined in section
140(b).
''(3) Aggregation rules.--Rules similar to the rules of
section 1202(d)(3) shall apply.
''(c) Qualified Stock.--For purposes of this section--
''(1) In general.--Except as otherwise provided in this
section, the term 'qualified stock' means any stock in a
domestic C corporation if--
''(A) as of the date of issuance of such stock,
such corporation is a qualified space company, and
''(B) except as provided in subsections (f) and
(h), such stock is acquired by the taxpayer at its
original issue (directly or through an underwriter)--
''(i) in exchange for money or other
property (not including stock), or
''(ii) as compensation for services
provided to such corporation (other than
services performed as an underwriter of such
stock).
''(2) Active business requirement.--Stock in a corporation
shall not be treated as qualified stock unless, during
substantially all of the taxpayer's holding period for such
stock--
''(A) such corporation meets active business
requirements substantially similar to the requirements
of section 1202(e), determined on the basis that the
qualified trade or business is a space-based business,
and
''(B) such corporation is a C corporation.
''(3) Certain purchase by corporation of its own stock.--
Rules similar to the rules of section 1202(c)(3) shall apply.
''(e) Recapture.--If, during any taxable year ending with or within
the 10-year period beginning on the date qualified stock was purchased
by the taxpayer, the issuer of such stock ceases to a qualified space
company, the tax under this chapter for such taxable year shall be
increased by the aggregate decrease in the credits allowed under
section 38 for all prior taxable years which would have resulted solely
from reducing to zero any credit determined under subsection (a) with
respect to such stock.
''(f) Termination.--This section shall not apply to stock acquired
after December 31, 2011.''.
(b) Credit Allowed as Part of General Business Credit.--Section
38(b) of such Code (defining current year business credit) is amended
by striking ''plus'' at the end of paragraph (14), by striking the
period at the end of paragraph (15) and inserting '', plus'', and by
adding at the end the following new paragraph:
''(16) space company investment credit determined under
section 45G(a).''.
(c) Conforming Amendments.--
(1) Section 39(d) of such Code is amended by adding at the
end the following new paragraph:
''(11) No carryback of space company investment credit
before january 1, 2004.--No portion of the unused business
credit for any taxable year which is attributable to the space
company investment credit determined under section 45G may be
carried back to a taxable year beginning before January 1,
2004.''.
(2) Subsection (c) of section 196 of such Code is amended
by striking ''and'' at the end of paragraph (9), by striking
the period at the end of paragraph (10) and inserting '',
and'', and by adding at the end the following new paragraph:
''(11) the space company investment credit determined under
section 45G(a).''.
(3) The table of sections for subpart D of part IV of
subchapter A of chapter 1 of such Code is amended by adding at
the end the following new item:

''Sec. 45G. Space Company Investment
Credit.''.
(d) Effective Date.--The amendments made by this section shall
apply to costs paid or incurred in taxable years beginning after
December 31, 2003.

SEC. 4. CAPITAL GAINS EXCLUSION.

(a) In General.--(1) Part I of subchapter P of the Internal Revenue
Code of 1986 (relating to treatment of capital gains) is amended by
adding at the end the following new section:

''SEC. 1203. EXCLUSION FOR GAINS FROM SALE OR EXCHANGE OF STOCK OF
QUALIFIED SPACE CORPORATIONS.

''(a) In General.--Gross income shall not include gain on the sale
or exchange of any stock of a qualified space corporation.
''(b) Qualified Space Corporation.--For purposes of subsection (a),
the term 'qualified space corporation' means, with respect to any
taxable year, a domestic corporation which is a C corporation if--
''(1) such corporation is organized exclusively for
providing to unrelated persons--
''(A) any product or article which is produced
(within the meaning of section 140(b)(5)) by the
corporation in outer space, or
''(B) any service provided by the corporation in or
from outer space, and
''(2) At least 90 percent of the expenses of such
corporation are attributable to the active conduct of a trade
or business of providing a product, article, or service
described in paragraph (1).
Such term shall not include a corporation providing a service, product,
or article described in section 140(b)(2).''.
(2) Clerical Amendment.--The table of sections for part I of
subchapter P of such Code is amended by adding at the end the following
new item:

''Sec. 1203. Exclusion for gains from
sale or exchange of stock of
qualified space
corporations.''.
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2003.

Answer: Zero Gravity, Zero Tax Act of 2003 - Amends the Internal Revenue Code to exclude from gross income: (1) space-related income; and (2) gain on the sale or exchange of any stock of a qualified space corporation.Establishes a space company investment credit for the purchase of qualified stock in a qualified space company.

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Presidential Make it in America
Awards Act of 2014''.

SEC. 2. PRESIDENTIAL MAKE IT IN AMERICA AWARDS.

(a) Establishment and Award Criteria.--There are established the
following Presidential awards:
(1) The Presidential Reshoring Award, which shall be
awarded to the best example of a United States company that
returns manufacturing jobs and operations from overseas to the
United States.
(2) The Presidential Invest in America Award, which shall
be awarded to the best example of a United States company that
invests in significant new domestic manufacturing jobs and
operations.
(3) The Presidential Foreign Direct Investment Award, which
shall be awarded to the best example of a foreign company that
invests in United States manufacturing jobs and operations.
(b) Making and Presentation of Awards.--
(1) Making of awards.--The President (on the basis of
recommendations received from the Secretary of Commerce
(hereafter in this section referred to as ''the Secretary'')),
or the Secretary, shall periodically make each of the awards
described in subsection (a) to a qualified organization in an
eligible category which in the judgment of the President or the
Secretary meets the relevant criteria described in paragraphs
(1) through (3) of subsection (a).
(2) Presentation of awards.--The presentation of the awards
shall be made by the President or the Secretary with such
ceremonies as the President or the Secretary determine to be
appropriate.
(c) Qualified Organization.--An organization may qualify for an
award under this section only if it--
(1) submits an application to the Secretary;
(2) permits a rigorous evaluation of the way in which its
business and other operations have benefitted the economic or
social well-being of the United States; and
(3) meets such requirements and specifications as the
Secretary determines to be appropriate to achieve the
objectives of this section.
(d) Categories in Which Awards May Be Given.--
(1) Eligible categories.--Subject to paragraph (2), each of
the awards described in subsection (a) may be awarded in each
of the following categories:
(A) Small business.
(B) Company or its subsidiary.
(C) Company which primarily provides services.
(D) Health care provider.
(E) Education provider.
(F) Nonprofit organization.
(2) Modification of categories.--
(A) Upon a determination that the objectives of
this section would be better served thereby, the
Secretary may at any time expand, subdivide, or
otherwise modify the list of categories within which
awards may be made as initially in effect under
paragraph (1), and may establish separate award
categories for other organizations including units of
government.
(B) The expansion, subdivision, modification, or
establishment of award categories under subparagraph
(A) shall not be effective until the Secretary has
submitted a detailed description thereof to the
Congress and a period of 30 days has elapsed since that
submission.
(3) Number of awards.--In any year, not more than 1 of each
award described in subsection (a) may be made to a qualified
organization in each eligible category. No award shall be made
within any category if there are no qualified organizations in
that category.
(e) Publication of Award.--An organization to which an award is
made under this section may publicize the receipt of the award by the
organization and may use the award in advertising.
(f) Information Sharing.--The Secretary shall publish on the
website of the Department of Commerce information on the successful
strategies and programs of organizations that receive awards under this
section.
(g) Funding.--The Secretary is authorized to seek and accept gifts
from public and private sources to carry out the program under this
section. If additional sums are needed to cover the full cost of the
program, the Secretary shall impose fees upon the organizations
applying for an award in amounts sufficient to provide such additional
sums. The Secretary is authorized to use appropriated funds to carry
out responsibilities under this Act.
(h) Report.--The Secretary shall prepare and submit to the
President and the Congress, not later than 3 years after the date of
the enactment of this Act, a report on the effectiveness of the
activities conducted under this section.

Answer:
Presidential Make it in America Awards Act of 2014 - Establishes the following presidential awards: the Presidential Reshoring Award, for the best example of a U.S. company that returns manufacturing jobs and operations from overseas to the United States; the Presidential Invest in America Award, for the best example of a U.S. company that invests in significant new domestic manufacturing jobs and operations, and the Presidential Foreign Direct Investment Award, for the best example of a foreign company that invests in U.S. manufacturing jobs and operations. Authorizes the awards, subject to modification, in the categories of: (1) small business, (2) company or its subsidiary, (3) company which primarily provides services, (4) health care provider, (5) education provider, and (6) nonprofit organization. Limits the awards to one of each in any year to a qualified organization in each eligible category. Requires the Secretary of Commerce to publish on the departmental website information on the successful strategies and programs of organizations that receive these awards.