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 ''State Business Law Conformity Act of
2004''.

SEC. 2. REFERENCES TO GENERAL PARTNERS.

(a) Exclusion of Certain Active Businesses From at Risk Rules.--
Subclause (I) of section 465(c)(7)(D)(ii) of the Internal Revenue Code
of 1986 (defining qualified corporate partner) is amended to read as
follows:
''(I) such corporation is not
prohibited or limited under State law
from participation in the management or
business of the partnership.''.
(b) Payments to Retiring Partners.--Subparagraph (B) of section
736(b)(3) of such Code (relating to limitation on application of
paragraph (2)) is amended to read as follows:
''(B) any portion of the retiring or deceased
partner's distributive share of partnership income was
subject to tax under section 1401.''.
(c) Foreign Currency Transactions.--Subclause (I) of section
988(c)(1)(E)(v) of such Code is amended to read as follows:
''(I) Certain general partners.--
The interest of a partner in the
partnership shall not be treated as
failing to meet the 20-percent
ownership requirements of clause
(iii)(I) for any taxable year of the
partnership if for the taxable year of
the partner in which such partnership
taxable year ends--
''(aa) the partner is not
limited as to participation in
the management or activity of
the qualified fund, and
''(bb) such partner (and
each corporation filing a
consolidated return with such
partner) had no ordinary income
or loss from a section 988
transaction which is foreign
currency gain or loss (as the
case may be).''.
(d) Special Valuation Rules for Generation-Skipping Tax.--Clause
(ii) of section 2701(b)(2)(B) of such Code (relating to partnerships)
is amended to read as follows:
''(ii) in the case of a limited
partnership, the holding of any interest as a
partner who is not limited as to participation
in management or activity of the
partnership.''.
(e) Tax Matters Partner.--Paragraph (7) of section 6231(a) of such
Code (defining tax matters partner) is amended to read as follows:
''(7) Tax matters partner.--
''(A) In general.--The tax matters partner of any
partnership is--
''(i) the partner designated as the tax
matters partner as provided in regulations, or
''(ii) if there is no partner who has been
so designated, the partner having the largest
profits interest in the partnership at the
close of the taxable year involved (or, where
there is more than 1 such partner, the 1 of
such partners whose name would appear first in
an alphabetical listing).
''(B) Selection by secretary.--If there is no
partner designated under subparagraph (A)(i) and the
Secretary determines that it is impracticable to apply
subparagraph (A)(ii), the partner selected by the
Secretary shall be treated as the tax matters partner.
The Secretary shall, within 30 days of selecting a tax
matters partner under the preceding sentence, notify
all partners required to receive notice under section
6223(a) of the name and address of the person selected.
''(C) Restriction on designation of partner.--A
partner may not be designated as a tax matters partner
under subparagraph (A)(i) unless such partner is not
limited as to participation in management or activity
of the partnership.''.
(f) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2004.

SEC. 3. REFERENCES TO LIMITED PARTNERS.

(a) Limited Entrepreneur.--
(1) In general.--Subparagraph (A) of section 464(e)(2) of
the Internal Revenue Code of 1986 (defining limited
entrepreneur) is amended by striking ''other than as a limited
partner''.
(2) Conforming amendments.--
(A) Section 464(c) of such Code is amended--
(i) by striking ''limited partners or'' in
paragraph (1)(B),
(ii) by striking ''a limited partner or''
in paragraph (2).
(B) Section 1256 of such Code is amended--
(i) by striking ''limited partners or''
each place it appears in subsections (e)(3)(B)
and (f)(4),
(ii) by striking ''a limited partner or''
in subsection (e)(3)(C), and
(iii) by striking ''limited partner or''
both places it appears in the heading and text
of subsection (e)(4)(A)(i).
(C) Section 1258(d)(5)(C) of such Code is amended--
(i) by striking ''limited partner or'' in
the matter preceding subclause (i),
(ii) by striking ''limited partner's (or
limited entrepreneur's) in subclause (i) and
inserting ''limited entrepreneur's'', and
(iii) by striking ''partners and limited''
in the heading.
(b) Passive Loss Rules.--
(1) Subsection (h) of section 469 of such Code is amended
by striking paragraph (2) and by redesignating paragraphs (3),
(4), and (5) as paragraphs (2), (3), and (4), respectively.
(2) Subparagraph (A) of section 469(c)(7) of such Code is
amended by striking the last sentence.
(3) Paragraph (6) of section 469(i) of such Code is amended
by striking subparagraph (C) and by redesignating subparagraph
(D) as subparagraph (C).
(4) Subsection (f) of section 772 of such Code (relating to
special rules for applying passive loss limitations) is amended
to read as follows:
''(f) Special Rules for Applying Passive Loss Limitations.--
''(1) In general.--If any person holds an interest in an
electing large partnership other than as a partner described in
paragraph (3)--
''(A) paragraph (2) of subsection (c) shall not
apply to such partner, and
''(B) such partner's distributive share of the
partnership items allocable to passive loss limitation
activities shall be taken into account separately to
the extent necessary to comply with the provisions of
section 469.
''(2) Exception.--Paragraph (1) shall not apply to any
items allocable to an interest held as a partner described in
paragraph (3).
''(3) Partner described.--For purposes of this subsection,
a partner is described in this paragraph if the partner is a
person whose participation in the management or business
activity of the partnership is limited under applicable State
law.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2004.

SEC. 4. PARTNERSHIP INCOME ATTRIBUTABLE TO CAPITAL EXCLUDED FROM NET
EARNINGS FROM SELF-EMPLOYMENT.

(a) In General.--Paragraph (13) of section 1402(a) of the Internal
Revenue Code of 1986 is amended to read as follows:
''(13) there shall be excluded the distributive share of
net income of a partner attributable to capital;''.
(b) Partnership Income Attributable to Capital.--Section 1402 of
such Code is amended by adding at the end the following new subsection:
''(l) Partnership Income Attributable to Capital.--
''(1) In general.--For purposes of subsection (a)(13), the
following amounts shall be treated as income attributable to
capital--
''(A) the amount, if any, in excess of what would
constitute reasonable compensation for services
rendered by such partner to the partnership, and
''(B) an amount equal to a reasonable rate of
return on unreturned capital of the partner determined
as of the beginning of the taxable year.
''(2) Definitions.--For purposes of paragraph (1)--
''(A) Unreturned capital.--The term 'unreturned
capital' means the excess of the aggregate amount of
money and the fair market value as of the date of
contribution of other consideration (net of
liabilities) contributed by the partner over the
aggregate amount of money and the fair market value as
of the date of distribution of other consideration (net
of liabilities) distributed by the partnership to the
partner, increased or decreased for the partner's
distributive share of all reportable items as
determined in section 702. If the partner acquires a
partnership interest and the partnership makes an
election under section 754, the partner's unreturned
capital shall take into account appropriate adjustments
under section 743.
''(B) Reasonable rate of return.--A reasonable rate
of return on unreturned capital shall equal 150 percent
(or such higher rate as is established in regulations)
of the highest applicable Federal rate, as determined
under section 1274(d)(1), at the beginning of the
partnership's taxable year.
''(3) Regulations.--The Secretary shall prescribe such
regulations as may be necessary to carry out the purposes of
this subsection.''.
(c) Effective Date.--The amendments made by this section shall
apply with respect to services performed in taxable years beginning
after December 31, 2004.

SEC. 5. REPEAL OF ABILITY TO ELECT LARGE PARTNERSHIP REPORTING RULES.

(a) In General.--Paragraph (2) of section 775(a) of the Internal
Revenue Code of 1986 (relating to election) is amended by adding at the
end the following: ''No election under this subsection shall be made
after December 31, 2004.''.
(b) Effective Date.--The amendment made by this section shall apply
to partnership taxable years beginning after December 31, 2004.

Answer: State Business Law Conformity Act of 2004 - Amends the Internal Revenue Code to: (1) revise certain partnership tax definitions and rules relating to general and limited partners; (2) exclude from net earnings from self-employment partnership income attributable to capital; and (3) repeal, after 2004, the election to apply large partnership (100 partners or more) tax rules.

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''National Future Farmers of America
Commemorative Coin Act of 2009''.

SEC. 2. FINDINGS.

The Congress finds that--
(1) the National Future Farmers of America Organization
makes a positive difference in the lives of students by
developing their potential for leadership, personal growth, and
career success through agricultural education;
(2) the National Future Farmers of America Organization was
founded in 1928, as the ''Future Farmers of America'', to
provide leadership training for high school students of
vocational agriculture;
(3) the National Future Farmers of America Organization
created a national agricultural education model for use in
public school systems that has been adopted by youth leadership
organizations throughout the world;
(4) the National Future Farmers of America Organization
prepares its student members to think critically, work in
teams, and be successful in more than 300 careers relating to
the science, business, and technology of agriculture;
(5) approximately 9,000,000 living former members of the
National Future Farmers of America Organization are prominent
industry executives, members of Congress, community members,
farmers, and productive United States citizens;
(6) in 2009, the National Future Farmers of America
Organization had 507,763 members in more than 7,400 local
chapters in all 50 States, Puerto Rico, and the United States
Virgin Islands;
(7) the Future Farmers of America was chartered by Congress
in 1950, and continues to be an intra-curricular educational
organization within public school systems throughout the United
States; and
(8) October 2012 will mark the beginning of a year of
celebration in honor of the 85th anniversary of the founding of
the National Future Farmers of America Organization, which took
place at the first national convention of the National Future
Farmers of America Organization.

SEC. 3. COIN SPECIFICATIONS.

(a) Denominations.--In commemoration of the National Future Farmers
of America Organization and the 85th anniversary of the National Future
Farmers of America Organization, the Secretary of the Treasury (in this
Act referred to as the ''Secretary'') shall mint and issue--
(1) not more than 100,000 gold coins, which shall--
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy;
and
(2) not more than 500,000 silver coins, which shall--
(A) weigh 26.7 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.

SEC. 4. DESIGN OF COINS.

(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the 85-year history of the National
Future Farmers of America Organization.
(2) Designation and inscriptions.--On each coin minted
under this Act, there shall be--
(A) a designation of the value of the coin;
(B) inscriptions of the words ''Liberty'', ''In God
We Trust'', ''United States of America'', and ''E
Pluribus Unum''; and
(C) an inscription of the year 2012.
(b) Selection.--The design for the coins minted under this Act
shall be--
(1) selected by the Secretary, after consultation with the
National Future Farmers of America Organization and the
Commission of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Period of Issuance.--The Secretary may issue coins under this
Act only for the 1-year period beginning on January 1, 2012.

SEC. 6. SALE OF COINS.

(a) Sale Price.--The coins minted under this Act shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided in section 7 with respect to
such coins; and
(3) the cost of designing and minting the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
minted under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.

(a) In General.--All sales of coins minted under this Act shall
include a surcharge of $25 per gold coin and $10 per silver coin.
(b) Distribution.--Subject to section 5134(f) of title 31, United
States Code, the Secretary shall pay all of the surcharges received by
the Secretary from the sale of coins minted under this Act to the
National Future Farmers of America Foundation in Indianapolis, Indiana,
for the creation of an endowment to enhance and expand programs that
encourage the development of leadership skills, personal growth, and
career success through agricultural education and the Future Farmers of
America.
(c) Audits.--The Comptroller General of the United States is
authorized to examine such books, records, documents, and other data of
the organization described in subsection (b) as may be related to the
expenditures of amounts paid under subsection (b).

Answer: National Future Farmers of America Commemorative Coin Act of 2009 - Directs the Secretary of the Treasury to mint and issue gold and silver coins in commemoration of the National Future Farmers of America Organization and the 85th anniversary of such Organization.

Authorizes the issuance of coins under this Act only for a one year period, beginning on January 1, 2012.

Requires all sales of coins minted under this Act to include a surcharge of $25 per gold coin and $10 per silver coin.

Requires all of the surcharges received from the sale of such coins to be paid to the National Future Farmers of America Foundation in Indianapolis, Indiana, for the creation of an endowment to enhance and expand programs that encourage the development of leadership skills, personal growth, and career success through agricultural education and the Future Farmers of America.

Question: SECTION 1. FINDINGS.

The Congress finds that as the Nation approaches May 17, 2004,
marking the 50th anniversary of the Supreme Court decision in Oliver L.
Brown et al. v. Board of Education of Topeka, Kansas et al., it is
appropriate to establish a national commission to plan and coordinate
the commemoration of that anniversary.

SEC. 2. ESTABLISHMENT.

There is established a commission to be known as the ''Brown v.
Board of Education 50th Anniversary Commission'' (referred to in this
Act as the ''Commission'').

SEC. 3. DUTIES.

In order to commemorate the 50th anniversary of the Brown decision,
the Commission shall--
(1) in conjunction with the Department of Education, plan and
coordinate public education activities and initiatives, including
public lectures, writing contests, and public awareness campaigns,
through the Department of Education's ten regional offices; and
(2) in cooperation with the Brown Foundation for Educational
Equity, Excellence, and Research in Topeka, Kansas (referred to in
this Act as the ''Brown Foundation''), and such other public or
private entities as the Commission considers appropriate,
encourage, plan, develop, and coordinate observances of the
anniversary of the Brown decision.

SEC. 4. MEMBERSHIP.

(a) Number and Appointment.--The Commission shall be composed as
follows:
(1) Two representatives of the Department of Education
appointed by the Secretary of Education, one of whom shall serve as
one of two Co-chairpersons of the Commission.
(2) Two representatives of the Department of Justice appointed
by the Attorney General, one of whom shall serve as one of two Co-
chairpersons of the Commission.
(3) Eleven individuals appointed by the President after
receiving recommendations as follows:
(A)(i) The Members of the Senate from each State described
in clause (iii) shall each submit the name of one individual
from the State to the majority leader and minority leader of
the Senate.
(ii) After review of the submissions made under clause (i),
the majority leader of the Senate, in consultation with the
minority leader of the Senate, shall recommend to the President
five individuals, one from each of the States described in
clause (iii).
(iii) The States described in this clause are the States in
which the lawsuits decided by the Brown decision were
originally filed (Delaware, Kansas, South Carolina, and
Virginia), and the State of the first legal challenge involved
(Massachusetts).
(B)(i) The Members of the House of Representatives from
each State described in subparagraph (A)(iii) shall each submit
the name of one individual from the State to the Speaker of the
House of Representatives and the minority leader of the House
of Representatives.
(ii) After review of the submissions made under clause (i),
the Speaker of the House of Representatives, in consultation
with the minority leader of the House of Representatives, shall
recommend to the President five individuals, one from each of
the States described in subparagraph (A)(iii).
(C) The Delegate to the House of Representatives from the
District of Columbia shall recommend to the President one
individual from the District of Columbia.
(4) Two representatives of the judicial branch of the Federal
Government appointed by the Chief Justice of the United States
Supreme Court.
(5) Two representatives of the Brown Foundation.
(6) Two representatives of the NAACP Legal Defense and
Education Fund.
(7) One representative of the Brown v. Board of Education
National Historic Site.
(b) Terms.--Members of the Commission shall be appointed for the
life of the Commission.
(c) Vacancies.--A vacancy in the Commission shall be filled in the
same manner as the original appointment.
(d) Compensation.--
(1) In general.--Members of the Commission shall serve without
pay.
(2) Travel expenses.--Each member shall receive travel
expenses, including per diem in lieu of subsistence, in accordance
with applicable provisions under subchapter I of chapter 57 of
title 5, United States Code.
(e) Quorum.--A majority of members of the Commission shall
constitute a quorum.
(f) Meetings.--The Commission shall hold its first meeting not
later than 6 months after the date of the enactment of this Act. The
Commission shall subsequently meet at the call of a Co-chairperson or a
majority of its members.
(g) Executive Director and Staff.--The Commission may secure the
services of an executive director and staff personnel as it considers
appropriate.

SEC. 5. POWERS.

(a) Powers of Members and Agents.--Any member or agent of the
Commission may, if so authorized by the Commission, take any action
which the Commission is authorized to take under this Act.
(b) Gifts and Donations.--
(1) Authority to accept.--The Commission may accept and use
gifts or donations of money, property, or personal services.
(2) Disposition of property.--Any books, manuscripts,
miscellaneous printed matter, memorabilia, relics, or other
materials donated to the Commission which relate to the Brown
decision, shall, upon termination of the Commission--
(A) be deposited for preservation in the Brown Foundation
Collection at the Spencer Research Library at the University of
Kansas in Lawrence, Kansas; or
(B) be disposed of by the Commission in consultation with
the Librarian of Congress, and with the express consent of the
Brown Foundation and the Brown v. Board of Education National
Historic Site.
(c) Mails.--The Commission may use the United States mails in the
same manner and under the same conditions as other departments and
agencies of the United States.

SEC. 6. REPORTS.

(a) Interim Reports.--The Commission shall transmit interim reports
to the President and the Congress not later than December 31 of each
year. Each such report shall include a description of the activities of
the Commission during the year covered by the report, an accounting of
any funds received or expended by the Commission during such year, and
recommendations for any legislation or administrative action which the
Commission considers appropriate.
(b) Final Report.--The Commission shall transmit a final report to
the President and the Congress not later than December 31, 2004. Such
report shall include an accounting of any funds received or expended,
and the disposition of any other properties, not previously reported.

SEC. 7. TERMINATION.

(a) Date.--The Commission shall terminate on such date as the
Commission may determine, but not later than February 1, 2005.
(b) Disposition of Funds.--Any funds held by the Commission on the
date the Commission terminates shall be deposited in the general fund
of the Treasury.

SEC. 8. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated $250,000 for the period
encompassing fiscal years 2003 and 2004 to carry out this Act, to
remain available until expended.

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.

Answer:
Establishes the Brown v. Board of Education 50th Anniversary Commission to commemorate the 50th anniversary of the Supreme Court decision in Oliver L. Brown et al. v. Board of Education of Topeka, Kansas et al.Authorizes appropriations.