In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[Q]: SECTION 1. REQUIREMENT FOR FEDERAL CONTRACTORS TO POSSESS SATISFACTORY
RECORD OF INTEGRITY AND BUSINESS ETHICS.

(a) Defense Contractors.--(1) Chapter 137 of title 10, United
States Code, is amended by inserting after section 2305a the following
new section:
''Sec. 2305b. Contractor requirement for satisfactory record of
integrity and business ethics
''(a) In General.--No prospective contractor may be awarded a
contract with an agency under this title unless the contracting officer
for the contract determines that such prospective contractor has a
satisfactory record of integrity and business ethics, including a
record of satisfactory compliance with the law (including tax, labor
and employment, environmental, antitrust, and consumer protection
laws).
''(b) Information To Be Considered.--In making a determination as
to whether a prospective contractor has a satisfactory record of
integrity and business ethics, a contracting officer--
''(1) shall consider all relevant credible information, but
shall give the greatest weight to any violations of law that
have been adjudicated during the 3-year period preceding the
offer by the prospective contractor;
''(2) shall consider any administrative agreements entered
into with the prospective contractor if the prospective
contractor has taken corrective action after disclosing a
violation of law, and may consider such a contractor to be a
responsible contractor if the contractor has corrected the
conditions that led to the misconduct;
''(3) shall consider failure to comply with the terms of an
administrative agreement to be a lack of integrity and business
ethics under this section;
''(4) may consider other relevant information, such as
civil or administrative complaints or similar actions filed by
or on behalf of a Federal agency, board, or commission, if such
action reflects an adjudicated determination by the agency; and
''(5) shall consider the following in descending order of
importance:
''(A) Convictions of and civil judgments rendered
against the prospective contractor for--
''(i) commission of fraud or a criminal
offense in connection with obtaining,
attempting to obtain, or performing a Federal,
State, or local contract or subcontract;
''(ii) violation of Federal or State
antitrust law relating to the submission of
offers; or
''(iii) commission of embezzlement, theft,
forgery, bribery, falsification, or destruction
of records, making false statement, tax
evasion, or receiving stolen property.
''(B) Indictments for the offenses described in
subparagraph (A).
''(C) With respect to tax, labor, employment,
environmental, antitrust, or consumer protection laws--
''(i) Federal or State felony convictions;
''(ii) adverse Federal court judgments in
civil cases brought by the United States;
''(iii) adverse decisions by a Federal
administrative law judge, board, or commission
indicating violations of law; and
''(iv) Federal or State felony
indictments.''.
(2) The table of sections at the beginning of such chapter is
amended by inserting after the item relating to section 2305a the
following new item:

''2305b. Contractor requirement for satisfactory record of integrity
and business ethics.''.
(b) Other Contractors.--(1) Title III of the Federal Property and
Administrative Services Act of 1949 (41 U.S.C. 251 et seq.) is amended
by inserting after section 303L the following new section:

''SEC. 303M. CONTRACTOR REQUIREMENT FOR SATISFACTORY RECORD OF
INTEGRITY AND BUSINESS ETHICS.

''(a) In General.--No prospective contractor may be awarded a
contract with an agency unless the contracting officer for the contract
determines that such prospective contractor has a satisfactory record
of integrity and business ethics, including a record of satisfactory
compliance with the law (including tax, labor and employment,
environmental, antitrust, and consumer protection laws).
''(b) Information To Be Considered.--In making a determination as
to whether a prospective contractor has a satisfactory record of
integrity and business ethics, a contracting officer--
''(1) shall consider all relevant credible information, but
shall give the greatest weight to any violations of law that
have been adjudicated during the 3-year period preceding the
offer by the prospective contractor;
''(2) shall consider any administrative agreements entered
into with the prospective contractor if the prospective
contractor has taken corrective action after disclosing a
violation of law, and may consider such a contractor to be a
responsible contractor if the contractor has corrected the
conditions that led to the misconduct;
''(3) shall consider failure to comply with the terms of an
administrative agreement to be a lack of integrity and business
ethics under this section;
''(4) may consider other relevant information, such as
civil or administrative complaints or similar actions filed by
or on behalf of a Federal agency, board, or commission, if such
action reflects an adjudicated determination by the agency; and
''(5) shall consider the following in descending order of
importance:
''(A) Convictions of and civil judgments rendered
against the prospective contractor for--
''(i) commission of fraud or a criminal
offense in connection with obtaining,
attempting to obtain, or performing a Federal,
State, or local contract or subcontract;
''(ii) violation of Federal or State
antitrust law relating to the submission of
offers; or
''(iii) commission of embezzlement, theft,
forgery, bribery, falsification, or destruction
of records, making false statement, tax
evasion, or receiving stolen property.
''(B) Indictments for the offenses described in
subparagraph (A).
''(C) With respect to tax, labor, employment,
environmental, antitrust, or consumer protection laws--
''(i) Federal or State felony convictions;
''(ii) adverse Federal court judgments in
civil cases brought by the United States;
''(iii) adverse decisions by a Federal
administrative law judge, board, or commission
indicating violations of law; and
''(iv) Federal or State felony
indictments.''.
(2) The table of sections at the beginning of such Act is amended
by inserting after the item relating to section 303L the following new
item:

''303M. Contractor requirement for satisfactory record of integrity and
business ethics.''.
(c) Effective Date.--The amendments made by this section shall
apply with respect to contracts for which solicitations are issued
after the date of the enactment of this Act.
[A]: Amends Federal defense contract law and the Federal Property and Administrative Services Act of 1949 to prohibit a contractor from being awarded a defense or Federal contract unless the Federal contracting officer determines that such contractor has a satisfactory record of integrity and business ethics, including compliance with all applicable laws. Outlines information to be considered by a contracting officer in making such determination, with an emphasis on any violations that have been adjudicated during the prior three-year period, as well as certain convictions of and civil judgments rendered against such contractor.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Depository Institution Community
Development Investments Enhancement Act''.

SEC. 2. TECHNICAL CORRECTIONS.

(a) National Banks.--The first sentence of the paragraph designated
as the ''Eleventh'' of section 5136 of the Revised Statutes of the
United States (12 U.S.C. 24) (as amended by section 305(a) of the
Financial Services Regulatory Relief Act of 2006) is amended by
striking ''promotes the public welfare by benefitting primarily'' and
inserting ''is designed primarily to promote the public welfare,
including the welfare of''.
(b) State Member Banks.--The first sentence of the 23rd paragraph
of section 9 of the Federal Reserve Act (12 U.S.C. 338a) is amended by
striking ''promotes the public welfare by benefiting primarily'' and
inserting ''is designed primarily to promote the public welfare,
including the welfare of''.

SEC. 3. INVESTMENTS BY FEDERAL SAVINGS ASSOCIATIONS AUTHORIZED TO
PROMOTE THE PUBLIC WELFARE.

Section 5(c) of the Home Owners' Loan Act (12 U.S.C. 1464) is
amended--
(1) in paragraph (3)--
(A) by striking subparagraph (A); and
(B) by redesignating subparagraphs (B) and (C), as
subparagraphs (A) and (B), respectively; and
(2) in paragraph (4), by adding at the end the following
new subparagraph:
''(G) Direct investments to promote the public
welfare.--
''(i) In general.--A Federal savings
association may make investments, directly or
indirectly, each of which is designed primarily
to promote the public welfare, including the
welfare of low- and moderate-income communities
or families through the provision of housing,
services, and jobs.
''(ii) Direct investments or acquisition of
interest in other companies.--Investments under
clause (i) may be made directly or by
purchasing interests in an entity primarily
engaged in making such investments.
''(iii) Prohibition on unlimited
liability.--No investment may be made under
this subparagraph which would subject a Federal
savings association to unlimited liability to
any person.
''(iv) Single investment limitation to be
established by director.--Subject to clauses
(v) and (vi), the Director shall establish, by
order or regulation, limits on--
''(I) the amount that any savings
association may invest in any 1
project; and
''(II) the aggregate amount of
investment of any savings association
under this subparagraph.
''(v) Flexible aggregate investment
limitation.--The aggregate amount of
investments of any savings association under
this subparagraph may not exceed an amount
equal to the sum of 5 percent of the capital
stock of the savings association actually paid
in and unimpaired and 5 percent of the
unimpaired surplus of the savings association,
unless--
''(I) the Director determines that
the savings association is adequately
capitalized; and
''(II) the Director determines, by
order, that the aggregate amount of
investments in a higher amount than the
limit under this clause would pose no
significant risk to the affected
Deposit Insurance Fund.
''(vi) Maximum aggregate investment
limitation.--Notwithstanding clause (v), the
aggregate amount of investments of any savings
association under this subparagraph may not
exceed an amount equal to the sum of 15 percent
of the capital stock of the savings association
actually paid in and unimpaired and 15 percent
of the unimpaired surplus of the savings
association.
''(vii) Investments not subject to other
limitation on quality of investments.--No
obligation that a Federal savings association
acquires or retains under this subparagraph
shall be taken into account for purposes of the
limitation contained in section 28(d) of the
Federal Deposit Insurance Act on the
acquisition and retention of any corporate debt
security not of investment grade.
''(viii) Applicability of standards to each
investment.--The standards and limitations of
this subparagraph shall apply to each
investment under this subparagraph made by a
savings association directly and by its
subsidiaries.''.
[A]: Depository Institution Community Development Investments Enhancement Act - Amends the Home Owners' Loan Act to revise requirements for community development investments by federal savings associations.

Authorizes a federal savings association to make investments, directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments).

Permits such investments to be made directly or by purchase of interests in an entity primarily engaged in making such investments.

Prohibits a federal savings association from making an investment which would subject it to unlimited liability to any person.

Requires the Director of the Office of Thrift Supervision to establish: (1) the amount any savings association may invest in any one project; and (2) the aggregate amount of investment of any savings association.

Restricts the aggregate amount of investment of any savings association, subject to specified determinations made by the Director.

Prohibits the maximum aggregate amount of investments of any savings association from exceeding the same 15% of its capital stock actually paid in and unimpaired and 15% of its unimpaired surplus as imposed by this Act on national banking associations and state member banks.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Worker Ownership, Readiness, and
Knowledge Act'' or the ''WORK Act''.

SEC. 2. WORKER OWNERSHIP, READINESS, AND KNOWLEDGE.

(a) Definitions.--In this section:
(1) Existing program.--The term ''existing program'' means
a program, designed to promote employee ownership and employee
participation in business decisionmaking, that exists on the
date the Secretary is carrying out a responsibility authorized
by this section.
(2) Initiative.--The term ''Initiative'' means the Employee
Ownership and Participation Initiative established under
subsection (b).
(3) New program.--The term ''new program'' means a program,
designed to promote employee ownership and employee
participation in business decisionmaking, that does not exist
on the date the Secretary is carrying out a responsibility
authorized by this section.
(4) Secretary.--The term ''Secretary'' means the Secretary
of Labor, acting through the Assistant Secretary for Employment
and Training.
(5) State.--The term ''State'' means any of the 50 States
within the United States.
(b) Employee Ownership and Participation Initiative.--
(1) Establishment.--The Secretary of Labor shall establish
within the Employment and Training Administration of the
Department of Labor an Employee Ownership and Participation
Initiative to promote employee ownership and employee
participation in business decisionmaking.
(2) Functions.--In carrying out the Initiative, the
Secretary shall--
(A) support within the States existing programs
designed to promote employee ownership and employee
participation in business decisionmaking; and
(B) facilitate within the States the formation of
new programs designed to promote employee ownership and
employee participation in business decisionmaking.
(3) Duties.--To carry out the functions enumerated in
paragraph (2), the Secretary shall--
(A) support new programs and existing programs by--
(i) making Federal grants authorized under
subsection (d); and
(ii)(I) acting as a clearinghouse on
techniques employed by new programs and
existing programs within the States, and
disseminating information relating to those
techniques to the programs; or
(II) funding projects for information
gathering on those techniques, and
dissemination of that information to the
programs, by groups outside the Employment and
Training Administration; and
(B) facilitate the formation of new programs, in
ways that include holding or funding an annual
conference of representatives from States with existing
programs, representatives from States developing new
programs, and representatives from States without
existing programs.
(c) Programs Regarding Employee Ownership and Participation.--
(1) Establishment of program.--Not later than 180 days
after the date of enactment of this Act, the Secretary shall
establish a program to encourage new programs and existing
programs within the States to foster employee ownership and
employee participation in business decisionmaking throughout
the United States.
(2) Purpose of program.--The purpose of the program
established under paragraph (1) is to encourage new programs
and existing programs within the States that focus on--
(A) providing education and outreach to inform
employees and employers about the possibilities and
benefits of employee ownership, business ownership
succession planning, and employee participation in
business decisionmaking, including providing
information about financial education, employee teams,
open-book management, and other tools that enable
employees to share ideas and information about how
their businesses can succeed;
(B) providing technical assistance to assist
employee efforts to become business owners, to enable
employers and employees to explore and assess the
feasibility of transferring full or partial ownership
to employees, and to encourage employees and employers
to start new employee-owned businesses;
(C) training employees and employers with respect
to methods of employee participation in open-book
management, work teams, committees, and other
approaches for seeking greater employee input; and
(D) training other entities to apply for funding
under this subsection, to establish new programs, and
to carry out program activities.
(3) Program details.--The Secretary may include, in the
program established under paragraph (1), provisions that--
(A) in the case of activities described in
paragraph (2)(A)--
(i) target key groups, such as retiring
business owners, senior managers, unions, trade
associations, community organizations, and
economic development organizations;
(ii) encourage cooperation in the
organization of workshops and conferences; and
(iii) prepare and distribute materials
concerning employee ownership and
participation, and business ownership
succession planning;
(B) in the case of activities described in
paragraph (2)(B)--
(i) provide preliminary technical
assistance to employee groups, managers, and
retiring owners exploring the possibility of
employee ownership;
(ii) provide for the performance of
preliminary feasibility assessments;
(iii) assist in the funding of objective
third-party feasibility studies and preliminary
business valuations, and in selecting and
monitoring professionals qualified to conduct
such studies; and
(iv) provide a data bank to help employees
find legal, financial, and technical advice in
connection with business ownership;
(C) in the case of activities described in
paragraph (2)(C)--
(i) provide for courses on employee
participation; and
(ii) provide for the development and
fostering of networks of employee-owned
companies to spread the use of successful
participation techniques; and
(D) in the case of training described in paragraph
(2)(D)--
(i) provide for visits to existing programs
by staff from new programs receiving funding
under this section; and
(ii) provide materials to be used for such
training.
(4) Guidance.--The Secretary shall issue formal guidance,
for recipients of grants awarded under subsection (d) and 1-
stop partners affiliated with the statewide workforce
investment systems described in section 2(6) of the Workforce
Innovation and Opportunity Act (29 U.S.C. 3101(6)), proposing
that programs and other activities funded under this section
be--
(A) proactive in encouraging actions and activities
that promote employee ownership of, and participation
in, businesses; and
(B) comprehensive in emphasizing both employee
ownership of, and participation in, businesses so as to
increase productivity and broaden capital ownership.
(d) Grants.--
(1) In general.--In carrying out the program established
under subsection (c), the Secretary may make grants for use in
connection with new programs and existing programs within a
State for any of the following activities:
(A) Education and outreach as provided in
subsection (c)(2)(A).
(B) Technical assistance as provided in subsection
(c)(2)(B).
(C) Training activities for employees and employers
as provided in subsection (c)(2)(C).
(D) Activities facilitating cooperation among
employee-owned firms.
(E) Training as provided in subsection (c)(2)(D)
for new programs provided by participants in existing
programs dedicated to the objectives of this section,
except that, for each fiscal year, the amount of the
grants made for such training shall not exceed 10
percent of the total amount of the grants made under
this section.
(2) Amounts and conditions.--The Secretary shall determine
the amount and any conditions for a grant made under this
subsection. The amount of the grant shall be subject to
paragraph (6), and shall reflect the capacity of the applicant
for the grant.
(3) Applications.--Each entity desiring a grant under this
subsection shall submit an application to the Secretary at such
time, in such manner, and accompanied by such information as
the Secretary may reasonably require.
(4) State applications.--Each State may sponsor and submit
an application under paragraph (3) on behalf of any local
entity consisting of a unit of State or local government, a
State-supported institution of higher education, or a nonprofit
organization that meets the requirements of this section.
(5) Applications by entities.--
(A) Entity applications.--If a State fails to
support or establish a program pursuant to this section
during any fiscal year, the Secretary shall, in the
subsequent fiscal years, allow local entities described
in paragraph (4) from that State to make applications
for grants under paragraph (3) on their own initiative.
(B) Application screening.--Any State failing to
support or establish a program pursuant to this section
during any fiscal year may submit applications under
paragraph (3) in the subsequent fiscal years but may
not screen applications by local entities described in
paragraph (4) before submitting the applications to the
Secretary.
(6) Limitations.--A recipient of a grant made under this
subsection shall not receive, during a fiscal year, in the
aggregate, more than the following amounts:
(A) For fiscal year 2018, $300,000.
(B) For fiscal year 2019, $330,000.
(C) For fiscal year 2020, $363,000.
(D) For fiscal year 2021, $399,300.
(E) For fiscal year 2022, $439,200.
(7) Annual report.--For each year, each recipient of a
grant under this subsection shall submit to the Secretary a
report describing how grant funds allocated pursuant to this
subsection were expended during the 12-month period preceding
the date of the submission of the report.
(e) Evaluations.--The Secretary is authorized to reserve not more
than 10 percent of the funds appropriated for a fiscal year to carry
out this section for the purposes of conducting evaluations of the
grant programs identified in subsection (d) and providing related
technical assistance.
(f) Reporting.--Not later than the expiration of the 36-month
period following the date of enactment of this Act, the Secretary shall
prepare and submit to Congress a report--
(1) on progress related to employee ownership and
participation in businesses in the United States; and
(2) containing an analysis of critical costs and benefits
of activities carried out under this section.
(g) Authorizations of Appropriations.--
(1) In general.--There are authorized to be appropriated
for the purpose of making grants pursuant to subsection (d) the
following:
(A) For fiscal year 2018, $3,850,000.
(B) For fiscal year 2019, $6,050,000.
(C) For fiscal year 2020, $8,800,000.
(D) For fiscal year 2021, $11,550,000.
(E) For fiscal year 2022, $14,850,000.
(2) Administrative expenses.--There are authorized to be
appropriated for the purpose of funding the administrative
expenses related to the Initiative, for each of fiscal years
2018 through 2022, an amount not in excess of--
(A) $350,000; or
(B) 5.0 percent of the maximum amount available
under paragraph (1) for that fiscal year.
[A]:
Worker Ownership, Readiness, and Knowledge Act or the WORK Act This bill requires the Department of Labor to: (1) establish within the Employment and Training Administration an Employee Ownership and Participation Initiative to promote employee ownership and participation in business decisionmaking; and (2) establish a program that may include grants for outreach, technical assistance, and training to encourage new and existing state programs to foster employee ownership and participation in business decisionmaking.