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

This Act may be cited as the ''Seasoned Customer CTR Exemption Act
of 2008''.

SEC. 2. FINDINGS.

The Congress finds as follows:
(1) When it is possible to reduce the regulatory burden on
depository institutions associated with reporting requirements
under chapter 53 of title 31, United States Code, while at the
same time maintaining the utility of such reports to law
enforcement efforts, it is appropriate to do so.
(2) In February 2008, the Comptroller General issued a
report titled ''Bank Secrecy Act: Increased Use of Exemption
Provisions Could Reduce Currency Transaction Reporting While
Maintaining Usefulness to Law Enforcement Efforts'' (GAO-08-
355).
(3) The Comptroller General finds that since transactions
of exempt customers are of little or no value to law
enforcement efforts, efforts made to increase the use of such
exemptions by depository institutions could reduce the
regulatory burden associated with filing unnecessary cash
transaction reports and the government's costs to process them,
while maintaining the utility of such reports to law
enforcement efforts.
(4) The Comptroller General finds that the requirement that
depository institutions file biennial renewals for Phase II
customer exemptions duplicates the required annual review of
such exemptions and discourages the use of some exemptions.
(5) The Comptroller General finds that eliminating the
requirement that depository institutions file biennial renewals
for Phase II customer exemptions could increase the use of such
exemptions and reduce the burden associated with filing
unnecessary cash transaction reports.
(6) The Comptroller General recommends eliminating the
requirement that depository institutions biennially renew Phase
II exemptions.
(7) The Comptroller General finds that the cash
transactions of government entities and depository institutions
are likely of little or no use to law enforcement efforts and
that cash transaction reports related to these entities are
unnecessary.
(8) The Comptroller General finds that, although the
amendments made to chapter 53 of title 31, United States Code,
by the Money Laundering Suppression Act of 1994 required the
Secretary of the Treasury to exempt depository institutions
from filing cash transaction reports on the transactions of
government entities and depository institutions and did not
explicitly require the filing of exemption forms or annual
review of such information with respect to the exempt entities
to effectuate any such exemption, the regulations prescribed by
the Secretary nonetheless require depository institutions to
file such exemption forms and annual reviews.
(9) The Comptroller General finds that the requirement that
depository institutions file forms to exempt government
entities and depository institutions, and conduct annual
reviews of related information, discourages the use of such
exemptions and creates cash transaction reports that are of
little or no value to law enforcement efforts.
(10) The Comptroller General recommends eliminating the
requirement that depository institutions file exemption forms
and annually review the supporting information for government
entities and depository institutions.
(11) The Comptroller General finds that requiring
depository institutions to wait 12 months before exempting
certain customers with large numbers of cash transactions may
needlessly create cash transaction reports that are not highly
useful to law enforcement efforts.
(12) The Comptroller General finds that allowing depository
institutions to exempt clients with frequent cash transactions
within a time period of less than a year could avoid the filing
of unnecessary cash transaction reports.
(13) The Comptroller General recommends considering a
change in requirements to allow depository institutions to
exempt otherwise-eligible customers with frequent large cash
transactions within a period of time shorter than 12 months.

SEC. 3. EXCEPTION FROM CURRENCY TRANSACTION REPORTS FOR SEASONED
CUSTOMERS.

Section 5313(e) of title 31, United States Code, is amended to read
as follows:
''(e) Qualified Customer Exemption.--
''(1) In general.--Before the end of the 270-day period
beginning on the date of the enactment of the Seasoned Customer
CTR Exemption Act of 2008, the Secretary of the Treasury shall
prescribe regulations that exempt any depository institution
from filing a report pursuant to this section after the
effective date of such regulations in connection with a
transaction for the payment, receipt, or transfer of United
States coins or currency (or other monetary instruments the
Secretary of the Treasury prescribes) with a qualified customer
of the depository institution.
''(2) Qualified customer defined.--For purposes of this
section, the term 'qualified customer', with respect to a
depository institution, has such meaning as the Secretary of
the Treasury shall prescribe, which shall include any person
that--
''(A) is incorporated or organized under the laws
of the United States or any State, including a sole
proprietorship (as defined in 31 CFR 103.22(d)(6)(vii),
as in effect on January 4, 2007), or is registered as
and eligible to do business within the United States or
a State; and
''(B) has maintained a deposit account with the
depository institution for at least 2 months, or has
engaged, using such an account, in multiple currency
transactions that are subject to the reporting
requirements of subsection (a).
''(3) Regulations.--
''(A) In general.--The Secretary of the Treasury
shall prescribe regulations requiring a depository
institution to file a 1-time notice of designation of
exemption for each qualified customer of the depository
institution.
''(B) Form and content of exemption notice.--The
Secretary shall by regulation prescribe the form,
manner, content, and timing of the qualified customer
exemption notice and such notice shall include
information sufficient to identify the qualified
customer and the accounts of the customer.
''(C) Authority of secretary.--
''(i) In general.--The Secretary may
suspend, reject, or revoke any qualified
customer exemption notice, in accordance with
criteria prescribed by the Secretary by
regulation.
''(ii) Conditions.--The Secretary may
establish conditions, in accordance with
criteria prescribed by regulation, under which
exempt qualified customers of an insured
depository institution that is merged with or
acquired by another insured depository
institution will continue to be treated as
designated exempt qualified customers of the
surviving or acquiring institution.''.

SEC. 4. EXCEPTION FROM CURRENCY TRANSACTION REPORTS FOR GOVERNMENT
ENTITIES, DEPOSITORY INSTITUTIONS, AND CERTAIN OTHER
FINANCIAL INSTITUTIONS.

(a) In General.--Section 5313(d) of title 31, United States Code,
is amended to read as follows:
''(d) Mandatory Exemptions From Reporting Requirements.--
''(1) In general.--Upon enactment of the Seasoned Customer
CTR Exemption Act of 2008, the Secretary of the Treasury shall
exempt, pursuant to section 5318(a)(6), a depository
institution from the reporting requirements of subsection (a),
without requiring the depository institution to file a notice
of designation of exemption or to annually review the
information supporting the exemption, with respect to
transactions between the depository institution and the
following categories of entities:
''(A) Another depository institution.
''(B) A department or agency of the United States,
any State, or any political subdivision of any State.
''(C) Any entity established under the laws of the
United States, any State, or any political subdivision
of any State, or under an interstate compact between 2
or more States, which exercises governmental authority
on behalf of the United States, the State, or the
political subdivision.
''(D) Any entity, other than a bank, whose common
stock or analogous equity interests are listed on the
New York Stock Exchange or the American Stock Exchange
or whose common stock or analogous equity interests
have been designated as a Nasdaq National Market
Security listed on the Nasdaq Stock Market (except
stocks or interests listed under the separate 'Nasdaq
Small-Cap Issues' heading), except that, for purposes
of this subparagraph, a person that is a financial
institution, other than a bank, is an exempt person
only to the extent of such institution's domestic
operations.
''(E) Any subsidiary, other than a bank, of any
entity described in subparagraph (D) that is organized
under the laws of the United States or of any State and
at least 51 percent of whose common stock or analogous
equity interest is owned by the listed entity, except
that, for purposes of this subparagraph, a person that
is a financial institution, other than a bank, is an
exempt person only to the extent of such institution's
domestic operations.
''(F) Any business or category of business the
reports on which have little or no value for law
enforcement purposes.
''(2) Notice of exemption.--The Secretary of the Treasury
shall publish in the Federal Register at such times as the
Secretary determines to be appropriate (but not less frequently
than once each year) a list of all the entities whose
transactions with a depository institution are exempt under
this subsection from the reporting requirements of subsection
(a).''.
(b) Election To Report Notwithstanding Exemption.--Section 5313(f)
of title 31, United States Code, is amended by adding at the end the
following new paragraph:
''(3) Depository institution elections.--A depository
institution may elect to report a transaction that would
otherwise qualify for an exemption under subsection (d) or (e),
and a depository institution that makes such an election shall
not be subject to any penalty, liability, enforcement remedy,
or supervisory criticism for such reporting.''.
(c) Technical and Conforming Amendment.--The heading for subsection
(f) of section 5313 of title, United States Code, is amended by
striking ''Mandatory and Discretionary''.
A:
Seasoned Customer CTR Exemption Act of 2008 - Amends federal money and finance law to: (1) repeal certain discretionary exemptions of depository institutions from currency transaction reporting (CTR) requirements; and (2) instruct the Secretary of the Treasury to prescribe regulations that exempt any depository institution from filing certain mandatory reports of currency transactions with a qualified customer.

Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship, or is registered as and eligible to do business within the United States or a state; and (2) has maintained a deposit account with the depository institution for at least two months, or has engaged, using such account, in multiple currency transactions subject to federal CTR requirements.

Requires such regulations to require a depository institution to file a one-time notice of designation of exemption for each of its qualified customers.

Authorizes the Secretary to: (1) suspend, reject, or revoke any qualified customer exemption notice; and (2) set conditions under which exempt qualified customers of an insured depository institution that is merged with, or acquired by another insured depository institution, will continue to be treated as designated exempt qualified customers of the surviving or acquiring institution.

Revises certain mandatory exemptions from CTR requirements. Requires the Secretary to exempt a depository institution from domestic CTR requirements without requiring the depository institution to either file a notice of designation of exemption, or to annually review the information supporting the exemption, with respect to transactions between the depository institution and specified categories of entities.

Specifies additions to such categories of entities.

Permits a depository institution to elect to report such exempted transactions without being subject to any penalty, liability, enforcement remedy, or supervisory criticism for such reporting.