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. SHORT TITLE.

This Act may be cited as the ''Commercial Mortgage Capital
Availability Act of 1993''.

SEC. 2. INSURED DEPOSITORY INSTITUTION CAPITAL REQUIREMENTS FOR
TRANSFERS OF MORTGAGE LOANS.

(a) Accounting Principles.--The accounting principles applicable to
the transfer of a mortgage loan with recourse contained in reports or
statements required to be filed with Federal banking agencies by a
qualified insured depository institution shall be consistent with
generally accepted accounting principles.
(b) Capital and Reserve Requirements.--With respect to the transfer
of a mortgage loan with recourse that is a sale under generally
accepted accounting principles, each qualified insured depository
institution shall--
(1) establish and maintain a reserve equal to an amount
sufficient to meet the reasonable estimated liability of the
institution under the recourse arrangement; and
(2) treat as an asset (for purposes of applicable capital
standards and other capital measures, including risk-based
capital requirements) only the maximum amount at risk under the
recourse arrangement.
(c) Qualified Institutions Defined.--An insured depository
institution is a qualified insured depository institution for purposes
of this section if, without regard to the accounting principles or
capital requirements referred to in subsections (a) and (b), the
institution is--
(1) well capitalized; or
(2) with the approval, by regulation or order, of the
appropriate Federal banking agency, adequately capitalized.
(d) Aggregate Amount of Recourse.--The total outstanding amount at
risk with respect to transfers of mortgage loans under subsections (a)
and (b) (together with the amount at risk under any provisions of law
substantially similar to subsections (a) and (b)) shall not exceed--
(1) the amount which is equal to 15 percent of the risk-
based capital of the institution; or
(2) such greater amount, as established by the appropriate
Federal banking agency by regulation or order.
(e) Institutions That Cease To Be Qualified or Exceed Aggregate
Limits.--If an insured depository institution ceases to be a qualified
insured depository institution or exceeds the limits under subsection
(d), this section shall remain applicable to any transfer of mortgage
loans that occurred at a time when the institution was qualified and
had not exceeded such limit.
(f) Prompt Corrective Action not Affected.--The capital of an
insured depository institution shall be computed without regard to this
section in determining whether the institution is less than well
capitalized.
(g) Regulations Required.--Before the end of the 180-day period
beginning on the date of the enactment of this Act, each appropriate
Federal banking agency shall prescribe final regulations implementing
this section.
(h) Alternative System Permitted.--
(1) In general.--At the discretion of the appropriate
Federal banking agency, this section shall not apply if the
regulations of the agency provide that the aggregate amount of
capital and reserves required with respect to the transfer of
mortgage loans with recourse does not exceed the aggregate
amount of capital and reserves that would be required under
subsection (b).
(2) Existing transactions not affected.--Notwithstanding
paragraph (1), this section shall remain in effect with respect
to transfers of mortgage loans with recourse by qualified
insured depository institutions occurring before the effective
date of regulations referred to in paragraph (1).
(i) Definitions.--The following definitions apply for purposes of
this section:
(1) Adequately capitalized.--The term ''adequately
capitalized'' has the same meaning as in section 38(b) of the
Federal Deposit Insurance Act.
(2) Appropriate federal banking agency.--The term
''appropriate Federal banking agency'' has the same meaning as
in section 3 of the Federal Deposit Insurance Act.
(3) Capital standards.--The term ''capital standards'' has
the same meaning as in section 38(c) of the Federal Deposit
Insurance Act.
(4) Federal banking agencies.--The term ''Federal banking
agencies'' has the same meaning as in section 3 of the Federal
Deposit Insurance Act.
(5) Insured depository institution.--The term ''insured
depository institution'' has the same meaning as in section 3
of the Federal Deposit Insurance Act.
(6) Other capital measures.--The term ''other capital
measures'' has the same meaning as in section 38(c) of the
Federal Deposit Insurance Act.
(7) Recourse.--The term ''recourse'' has the meaning given
to such term under generally accepted accounting principles.
(8) Mortgage loan.--The term ''mortgage loan'' means any--
(A) note or certificate of interest or
participation in a note (including any rights designed
to assure servicing of, or the timeliness of receipt by
the holders of such notes, certificates, or
participation of amounts payable under such notes,
certificates or participation) that is principally
secured by an interest in real property; or
(B) any security (within the meaning of section 8
of the Securities Exchange Act of 1934) that is secured
by one or more notes described in subparagraph (A) or
certificates of interest or participation in such notes
(with or without recourse to issuers thereof) and that,
by its terms, provides for payments of principal in
relation to payments, or reasonable projections of
payments, on notes described in subparagraph (A) or
certificates of interest or participation in such
notes.
(9) Well capitalized.--The term ''well capitalized'' has
the same meaning as in section 38(b) of the Federal Deposit
Insurance Act.

SEC. 3. AMENDMENT TO DEFINITION OF MORTGAGE RELATED SECURITY.

Section 3(a)(41)(A)(i) of the Securities Exchange Act of 1934 (15
U.S.C. 78c(a)(41)(A)(i)) is amended by inserting before the semicolon
'', or on 1 or more parcels of real estate upon which is located one or
more commercial structures''.

SEC. 4. AUTHORITY TO EXEMPT COMMERCIAL MORTGAGE RELATED SECURITIES
TRANSACTIONS FROM PROHIBITED TRANSACTION RULES.

The Secretary of Labor, in consultation with the Secretary of the
Treasury, shall exempt, either unconditionally or on stated terms and
conditions, transactions involving commercial mortgage related
securities (as such term is defined in section 3(a)(41) of the
Securities Exchange Act of 1934, as amended by section 3 of this Act)
from--
(1) the restrictions of sections 406(a) and 407(a) of the
Employee Retirement Income Security Act of 1974; and
(2) the taxes imposed under section 4975 of the Internal
Revenue Code of 1986.

SEC. 5. PROVISIONS TO SAFEGUARD THE INTEGRITY OF THE SECURITIZATION
PROCESS, AND THE SAFETY AND SOUNDNESS OF FEDERALLY
INSURED INSTITUTIONS.

(a) Compliance With Securities Regulations.--Any security relying
on the provisions of this Act shall comply with all rules and
regulations of Federal securities laws applicable thereto, as
determined taking into account the provisions of this Act, including
all provisions relating to required disclosure to investors,
registrations, reporting and compliance, and all anti-fraud provisions.
(b) Treatment of Bank Issued or Purchased Mortgage Backed
Securities for Purposes of Minimum Capital Requirements.--
(1) Mortgages held by bank to back securities.--If an issue
of securities backed by mortgage loans represents a liability
on the balance sheet of an insured depository institution and
the assets backing such obligation represent assets on the
balance sheet of such institution, the institution shall
maintain minimum adequate capital with regard to such assets as
prescribed by all applicable rules and regulations of the
banking agencies with supervisory and examination authority
over such institution, as determined taking into account the
provisions of this Act.
(2) Securities held by bank.--If an insured depository
institution purchases a mortgage-related security to which the
provisions of this Act apply, the institution shall maintain
minimum adequate capital with respect to such security and all
other assets as prescribed by all applicable rules and
regulations of the banking agencies with supervisory and
examination authority over such institution, as determined
taking into account the provisions of this Act.
[A]: Commercial Mortgage Capital Availability Act of 1993 - Sets forth a regulatory scheme under which qualified insured depository institutions meeting prescribed reserve and capital requirements may execute mortgage loan transfers with a recourse arrangement.
Amends the Securities Exchange Act of 1934 to modify the definition of "mortgage related security" to include notes directly secured by a first lien on real estate with commercial structures located upon it (thus bringing such securities within the purview of the Act).
Directs the Secretary of Labor to exempt commercial mortgage related securities transactions from: (1) certain restrictions of the Employee Retirement Income Security Act of 1974; and (2) certain taxes imposed under the Internal Revenue Code.
Mandates that securities relying on the provisions of this Act comply with all Federal securities laws relating to disclosure to investors, registrations, reporting and anti-fraud provisions.
Requires insured depository institutions to maintain the minimum adequate capital prescribed by regulatory banking agencies when executing mortgage backed securities transactions.

[Q]: SECTION 1. TEACHER RECRUITMENT, RETENTION, AND TRAINING.

(a) In General.--Title II of the Elementary and Secondary Education
Act of 1965 (20 U.S.C. 6601 et seq.) is amended--
(1) by redesignating part E as part F;
(2) by redesignating sections 2401 and 2402 as sections
2501 and 2502, respectively; and
(3) by inserting after part D the following:

''PART E--TEACHER RECRUITMENT, RETENTION, AND TRAINING

''SEC. 2401. PROGRAM AUTHORIZED.

''(a) In General.--The Secretary is authorized to make grants to
local educational agencies to permit such agencies to recruit, retain,
and train high-quality teachers by carrying out one or more of the
activities described in subsection (b).
''(b) Uses of Funds.--
''(1) Recruitment, retention, and training activities.--A
local educational agency that receives a grant under this part
may use the grant funds for any of the following recruitment,
retention, and training activities:
''(A) Providing signing bonuses for teachers.
''(B) Carrying out merit pay programs.
''(C) Providing performance bonuses to teachers.
''(D) Providing scholarships to teachers to pursue
advanced course work.
''(E) Providing mentoring programs for teachers.
''(F) Coordinating with institutions of higher
education to provide professional development for
teachers.
''(G) Any other activity that the local educational
agency believes to be effective in recruiting,
retaining, or training high-quality teachers.

''SEC. 2402. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated to carry out this part such
sums as may be necessary for each of fiscal years 2002 through 2004.''.
(b) Conforming Amendments.--Section 2003 of the Elementary and
Secondary Education Act of 1965 (20 U.S.C. 6603) is amended--
(1) in subsection (a), by striking ''part C)'' and
inserting ''parts C and E)''; and
(2) in subsection (b), by inserting ''(other than parts C
and E)'' after ''title''.

SEC. 2. LOAN FORGIVENESS FOR TEACHERS.

(a) Elimination of New Borrower Restrictions.--
(1) FFEL program.--Section 428J(b) of the Higher Education
Act of 1965 (20 U.S.C. 1078-10(b)) is amended by striking ''for
any new borrower on or after October 1, 1998, who'' and
inserting ''for any borrower who''.
(2) Federal direct loan program.--Section 460(b)(1) of such
Act (20 U.S.C. 1087j(b)(1)) is amended by striking ''for any
new borrower on or after October 1, 1998, who'' and inserting
''for any borrower who''.
(b) Expansion of Eligible Teaching Locations and Subjects;
Eliminating Delay in Service Benefit.--
(1) FFEL program.--Section 428J(b)(1) of such Act is
amended by striking everything preceding subparagraph (B) and
inserting the following:
''(1) has been employed as a full-time teacher--
''(A)(i) in a school that qualifies under section
465(a)(2)(A) for loan cancellation for Perkins loan
recipients who teach in such schools;
''(ii) as a full-time special education teacher, as
described in section 465(a)(2)(C); or
''(iii) as a full-time teacher in any field of
expertise where the State educational agency determines
there is a shortage of qualified teachers;''.
(2) Federal direct loan program.--Section 460(b)(1)(A) of
such Act (20 U.S.C. 1087j(b)(1)(A)) is amended by striking
everything preceding clause (ii) and inserting the following:
''(A) has been employed as a full-time teacher--
''(i)(I) in a school that qualifies under
section 465(a)(2)(A) for loan cancellation for
Perkins loan recipients who teach in such
schools;
''(II) as a full-time special education
teacher, as described in section 465(a)(2)(C);
or
''(III) as a full-time teacher in any field
of expertise where the State educational agency
determines there is a shortage of qualified
teachers;''.
(c) Amounts Subject to Forgiveness.--
(1) FFEL program.--Section 428J(c) of the Higher Education
Act of 1965 (20 U.S.C. 1078-10(c)) is amended by striking
paragraph (1) and inserting the following:
''(1) Amount and rate of repayment.--The Secretary shall
repay an amount that is not more than $20,000 in the aggregate
of the loan obligation on a loan made under section 428 or 428H
that is outstanding after the completion of the first complete
school year of teaching described in subsection (b)(1) for
which the borrower seeks repayment under this section. Such
amount shall be repaid at the rate of 15 percent for the first
or second year of such service, 20 percent for the third or
fourth year of such service, and 30 percent for the fifth year
of such service. No borrower may receive a reduction of loan
obligations under both this section and section 460.''.
(2) Federal direct loan program.--Section 460(c) of such
Act (20 U.S.C. 1087j(c)) is amended by striking paragraph (1)
and inserting the following:
''(1) Amount and rate of repayment.--The Secretary shall
cancel an amount that is not more than $20,000 in the aggregate
of the loan obligation on a loan made under section 428 or 428H
that is outstanding after the completion of the first complete
school year of teaching described in subsection (b)(1)(A). Such
amount shall be canceled at the rate of 15 percent for the
first or second year of such service, 20 percent for the third
or fourth year of such service, and 30 percent for the fifth
year of such service.''.
[A]: Amends the Elementary and Secondary Education Act of 1965 to establish a new program for teacher recruitment, retention, and training. Authorizes the Secretary of Education to award grants to local educational agencies to recruit, retain, and train high-quality teachers through one or more specified types of activities.Amends the Higher Education Act of 1965 to revise student loan forgiveness for teachers under the Federal Family Education Loan and Federal Direct Loan programs. Expands forgiveness eligibility by: (1) eliminating requirements allowing only certain new borrowers to participate; and (2) increasing the types of eligible teaching locations and subjects. Eliminates a service requirement that an individual teach at least five consecutive complete school years before being eligible for program benefits. Increases to $20,000 the aggregate amount of an individual teacher's student loan obligation which may be forgiven, and revises the rate of repayment.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''National Strategic and Critical
Minerals Policy Act of 2011''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the availability of minerals and metals is essential
for economic growth, national security, technological
innovation, and the manufacturing and agricultural supply
chain;
(2) the exploration, production, processing, use, and
recycling of minerals contribute significantly to the economic
well-being, security, and general welfare of the Nation;
(3) the industrialization of China and India has driven
demand for nonfuel mineral commodities, sparking a period of
resource nationalism exemplified by China's reduction and
stoppage of exports of rare-earth mineral elements necessary
for telecommunications, military technologies, medical devices,
agricultural production, and renewable energy technologies;
(4) the United States has vast mineral resources but is
becoming increasingly dependent upon foreign sources;
(5) 25 years ago the United States was dependent on foreign
sources for 30 nonfuel mineral materials, 6 of which were
entirely imported to meet the Nation's requirements and another
16 of which were imported to meet more than 60 percent of the
Nation's needs;
(6) by 2010, United States import dependence for nonfuel
mineral materials more than doubled from 30 to 67 commodities,
18 commodities were imported entirely to meet the Nation's
requirements, and another 25 commodities required imports of
more than 50 percent;
(7) the United States lacks a coherent national policy to
assure the availability of minerals essential to manufacturing,
national economic well-being and security, agricultural
production, and global economic competitiveness; and
(8) the Nation's ability to compete and innovate requires
proper planning and preparation today to meet tomorrow's
mineral needs.

SEC. 3. CONGRESSIONAL DECLARATION OF POLICY.

(a) In General.--It is the continuing policy of the United States
to promote an adequate and stable supply of minerals to maintain our
Nation's economic well-being, security, and manufacturing, industrial,
energy, agricultural, and technological capabilities.
(b) Policy Goals.--Implementation of the policy set forth in
subsection (a) requires that the Federal Government coordinate the
Federal departments and agencies responsible for ensuring that supply,
to--
(1) facilitate the availability, development, and
production of domestic mineral resources to meet national
needs, including the demands of the Nation's manufacturing and
agricultural industries;
(2) promote and encourage the development of economically
and environmentally sound, safe, and stable domestic mining,
minerals, metals, processing, and minerals recycling
industries;
(3) establish an assessment capability for identifying the
mineral demands, supply, and needs of our Nation; and
(4) minimize duplication, needless paperwork, and delays in
the administration of Federal and State laws and regulations,
and issuance of permits and authorizations necessary to
explore, develop, and produce minerals and construct and
operate mineral-related facilities.

SEC. 4. SECRETARY OF THE INTERIOR REPORT ON ACCESS AND AUTHORIZATIONS
FOR MINERAL DEVELOPMENT.

(a) In General.--Not later than 180 days after the date of
enactment of this Act, the Secretary of the Interior, through the
Bureau of Land Management and the United States Geological Survey, and
in consultation with the Secretary of Agriculture (through the Forest
Service Mineral and Geology Management Division), the Secretary of
Defense, the Secretary of Commerce, and the heads of other appropriate
Federal agencies, shall prepare, submit to Congress, and make available
to the public a report that includes--
(1) an inventory of the nonfossil-fuel mineral potential of
lands under the jurisdiction of the Bureau of Land Management
and the Forest Service and an identification of all such lands
that have been withdrawn, segregated, or otherwise restricted
from mineral exploration and development;
(2) an assessment of--
(A) the mineral requirements to meet current and
emerging national security, economic, industrial
manufacturing, technological, agricultural, and social
needs;
(B) the Nation's reliance on foreign sources to
meet those needs; and
(C) the implications of mineral supply shortages or
disruptions;
(3) a detailed description of the time required to process
mineral applications, operating plans, leases, licenses,
permits, and other use authorizations for mineral-related
activities on lands under the jurisdiction of the Bureau of
Land Management and the Forest Service, and identification of
measures that would streamline the processing of such
applications, such as elimination of overlapping requirements
or set deadlines;
(4) an itemized list of all use authorizations referred to
in paragraph (3) for which applications are pending before the
Bureau of Land Management and the Forest Service, and the
length of time each of those applications has been pending;
(5) an assessment of the impact of litigation on processing
or issuing mineral exploration and mine permits, identification
of the statutes the litigation was brought under, and the cost
to the agency or the Federal Government, including for payments
of attorney fees;
(6) an update of the 2009 Economic Impact of the Department
of the Interior's Programs and Activities report to include
locatable minerals;
(7) an assessment of the Federal workforce with educational
degrees and expertise in economic geology, geochemistry,
mining, industrial minerals, metallurgy, metallurgical
engineering, and mining engineering, including--
(A) retirement eligibility and agency plans for
retention, recruitment, and succession planning;
(B) comparison of the existing Federal salaries and
recruitment and retention bonuses with the salaries,
recruitment incentives, and retention packages normally
offered in the mineral industry; and
(C) examination of the differences between Federal
and private financial packages for early-, mid-, and
late-career workers; and
(8) an inventory of rare earth element potential on the
Federal lands, and impediments or restrictions on the
exploration or development of those rare earth elements, and
recommendations to lift the impediments or restrictions while
maintaining environmental safeguards.
(b) Progress Reports.--Not later than one year after the date of
enactment of this Act, and each year thereafter for the following two
years, the Secretary of the Interior shall submit to Congress and make
available to the public a report that describes the progress made in
reaching the policy goals described in section 3(b), including--
(1) efforts to increase access to domestic supplies of
minerals, and facilitation of their production; and
(2) implementation of recommendations contained in--
(A) the National Research Council reports--
(i) Minerals, Critical Minerals, and the
U.S. Economy;
(ii) Managing Minerals for a Twenty-First
Century Military; and
(iii) the current workforce study
authorized in sections 385 and 1830 of the
Energy Policy Act of 2005 (119 Stat. 744,
1137);
(B) the Department of Energy Critical Minerals
Strategy I and II; and
(C) the Department of Defense assessment and plan
for critical rare earth elements in defense
applications required under section 843 of the National
Defense Appropriations Act for Fiscal Year 2011.

SEC. 5. NATIONAL MINERAL ASSESSMENT.

For the first National Mineral Assessment conducted after the date
of enactment of this Act, the United States Geological Survey shall
include mineral assessments for those mineral commodities important to
the Nation's energy infrastructure, manufacturing and agricultural
industries, and to the national defense. Priority should be given to
minerals that are critical based on the impact of a potential supply
restriction and the likelihood of a supply restriction.

SEC. 6. GLOBAL MINERAL ASSESSMENT.

The United States Geological Survey is directed to expand the
current Global Mineral Assessment to include mineral assessments for
rare earth elements and other minerals that are critical based on the
impact of a potential supply restriction and the likelihood of a supply
restriction. Assessments conducted under this section shall include an
analysis, developed with participation by the National Minerals
Information Center and in consultation with appropriate agencies, of
the rare earth elements or other critical minerals supply chain and
associated processes and products, including mining, processing,
recycling, separation, metal production, alloy production, and
manufacturing of products sold to end users. In conducting the
assessment, the United States Geological Survey should coordinate with
the heads of foreign geologic surveys when possible.

SEC. 7. DEFINITIONS.

In this Act--
(1) Inventory.--The term ''inventory'' means an accounting
of known mineral occurrences and mineral deposits, including
documentation of identified resources.
(2) Mineral assessment.--The term ''mineral assessment''
means an assessment of undiscovered mineral resources that
includes a qualitative assessment and a quantitative assessment
of such resources.
(3) Qualitative assessment.--The term ''qualitative
assessment'' means a geologic-based delineation (mapping) of
areas permissive for the occurrence of undiscovered mineral
resources, based on all available geotechnical data including
geology, geophysics, geochemistry, remote sensing, and mineral
localities data.
(4) Quantitative assessment.--The term ''quantitative
assessment'' means a probabilistic estimate of the quantity and
quality by tonnage and grade of undiscovered mineral resources
in areas delineated as permissive for occurrence in a
qualitative assessment.

SEC. 8. APPLICABILITY OF OTHER STATUTORY MINING POLICIES.

Nothing in this Act shall be construed as affecting any provision
of or requirement under the Mining and Minerals Policy Act of 1970 (30
U.S.C. 21a).
Amend the title so as to read: ''A bill to require the
Secretary of the Interior to conduct an assessment of the
capability of the Nation to meet our current and future demands
for the minerals critical to United States manufacturing and
agricultural competitiveness and economic and national security
in a time of expanding resource nationalism, and for other
purposes.''.
[A]:
National Strategic and Critical Minerals Policy Act of 2011 - (Sec. 3) Declares that it is the continuing policy of the United States to promote an adequate and stable supply of minerals to maintain the nation's economic well-being, security, and manufacturing, industrial, energy, agricultural, and technological capabilities.

(Sec. 4) Directs the Secretary of the Interior, through the Bureau of Land Management (BLM) and the U.S. Geological Survey (Survey), to report to Congress: (1) an inventory of the nonfossil-fuel mineral potential of lands under BLM and U.S. Forest Service jurisdiction; (2) an identification of all such lands that have been withdrawn, segregated, or otherwise restricted from mineral exploration and development; (3) a detailed description of the time required to process mineral applications, operating plans, leases, licenses, permits, and other use authorizations for mineral-related activities on lands; (4) an itemized list of all use authorizations for which applications are pending; (5) an assessment of the impact of litigation on the processing or issuing of permits; (6) an assessment of the federal workforce with educational degrees and expertise in economic geology, geochemistry, mining, industrial minerals, metallurgy, metallurgical engineering, and mining engineering; and (7) an inventory of rare earth element potential on federal lands, and impediments to or restrictions on the exploration or development of those rare earth elements, with recommendations to lift the impediments or restrictions while maintaining environmental safeguards.

Requires progress reports to Congress on: (1) efforts to increase access to domestic supplies of minerals, and facilitation of their production; (2) implementation of recommendations in National Research Council reports on "Minerals, Critical Minerals, and the U.S. Economy" and on "Managing Minerals for a Twenty-First Century Military"; (3) the Department of Energy Critical Minerals Strategy I and II; and (4) a specified Department of Defense assessment and plan for critical rare earth elements in defense applications.

(Sec. 5) Directs the Survey, for the first National Mineral Assessment conducted after enactment of this Act, to include mineral assessments for mineral commodities important to the nation's energy infrastructure, manufacturing and agricultural industries, and to the national defense. Urges priority be given to minerals that are critical based on the impact of a potential supply restriction and the likelihood of a supply restriction.

(Sec. 6) Directs the Survey to expand the current Global Mineral Assessment to include mineral assessments for rare earth elements and other minerals that are critical based on the impact of a potential supply restriction and the likelihood of a supply restriction.

Requires such assessments to include an analysis, developed with participation by the National Minerals Information Center, of the rare earth elements or other critical minerals supply chain and associated processes and products, including mining, processing, recycling, separation, metal production, alloy production, and manufacturing of products sold to end users.