Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
See one example below:
Problem: 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.
Solution: 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.
Explanation: 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.

Problem: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Increasing Access to a Secure
Retirement Act of 2017''.

SEC. 2. FIDUCIARY SAFE HARBOR FOR SELECTION OF LIFETIME INCOME
PROVIDER.

Section 404 of the Employee Retirement Income Security Act of 1974
(29 U.S.C. 1104) is amended by adding at the end the following:
''(e) Safe Harbor for Annuity Selection.--
''(1) In general.--With respect to the selection of an
insurer and a guaranteed retirement income contract, the
requirements of subsection (a)(1)(B) will be deemed to be
satisfied if a fiduciary--
''(A) engages in an objective, thorough, and
analytical search for the purpose of identifying
insurers from which to purchase such contracts;
''(B) with respect to each insurer identified under
subparagraph (A)--
''(i) considers the financial capability of
such insurer to satisfy its obligations under
the guaranteed retirement income contract; and
''(ii) considers the cost (including fees
and commissions) of the guaranteed retirement
income contract offered by the insurer in
relation to the benefits and product features
of the contract and administrative services to
be provided under such contract; and
''(C) on the basis of such consideration, concludes
that--
''(i) at the time of the selection, the
insurer is financially capable of satisfying
its obligations under the guaranteed retirement
income contract; and
''(ii) the relative cost of the selected
guaranteed retirement income contract as
described in subparagraph (B)(ii) is
reasonable.
''(2) Financial capability of the insurer.--A fiduciary
will be deemed to satisfy the requirements of paragraphs
(1)(B)(i) and (1)(C)(i) if--
''(A) the fiduciary obtains written representations
from the insurer that--
''(i) the insurer is licensed to offer
guaranteed retirement income contracts;
''(ii) the insurer, at the time of
selection and for each of the immediately
preceding 7 plan years--
''(I) operates under a certificate
of authority from the insurance
commissioner of its domiciliary State
which has not been revoked or
suspended;
''(II) has filed audited financial
statements in accordance with the laws
of its domiciliary State under
applicable statutory accounting
principles;
''(III) maintains (and has
maintained) reserves which satisfies
all the statutory requirements of all
States where the insurer does business;
and
''(IV) is not operating under an
order of supervision, rehabilitation,
or liquidation;
''(iii) the insurer undergoes, at least
every 5 years, a financial examination (within
the meaning of the law of its domiciliary
State) by the insurance commissioner of the
domiciliary State (or representative, designee,
or other party approved by such commissioner);
and
''(iv) the insurer will notify the
fiduciary of any change in circumstances
occurring after the provision of the
representations in clauses (i), (ii), and (iii)
which would preclude the insurer from making
such representations at the time of issuance of
the guaranteed retirement income contract; and
''(B) after receiving such representations and as
of the time of selection, the fiduciary has not
received any notice described in subparagraph (A)(iv)
and is in possession of no other information which
would cause the fiduciary to question the
representations provided.
''(3) No requirement to select lowest cost.--Nothing in
this subsection shall be construed to require a fiduciary to
select the lowest cost contract. A fiduciary may consider the
value of a contract, including features and benefits of the
contract and attributes of the insurer (including, without
limitation, the insurer's financial strength) in conjunction
with the cost of the contract.
''(4) Time of selection.--
''(A) In general.--For purposes of this subsection,
the time of selection is--
''(i) the time that the insurer and the
contract are selected for distribution of
benefits to a specific participant or
beneficiary; or
''(ii) if the fiduciary periodically
reviews the continuing appropriateness of the
conclusion described in paragraph (1)(C) with
respect to a selected insurer, taking into
account the considerations described in such
paragraph, the time that the insurer and the
contract are selected to provide benefits at
future dates to participants or beneficiaries
under the plan.
Nothing in the preceding sentence shall be construed to
require the fiduciary to review the appropriateness of
a selection after the purchase of a contract for a
participant or beneficiary.
''(B) Periodic review.--A fiduciary will be deemed
to have conducted the periodic review described in
subparagraph (A)(ii) if the fiduciary obtains the
written representations described in clauses (i), (ii),
and (iii) of paragraph (2)(A) from the insurer on an
annual basis, unless the fiduciary receives any notice
described in paragraph (2)(A)(iv) or otherwise becomes
aware of facts that would cause the fiduciary to
question such representations.
''(5) Limited liability.--A fiduciary which satisfies the
requirements of this subsection shall not be liable following
the distribution of any benefit, or the investment by or on
behalf of a participant or beneficiary pursuant to the selected
guaranteed retirement income contract, for any losses that may
result to the participant or beneficiary due to an insurer's
inability to satisfy its financial obligations under the terms
of such contract.
''(6) Definitions.--For purposes of this subsection--
''(A) Insurer.--The term 'insurer' means an
insurance company, insurance service, or insurance
organization, including affiliates of such companies.
''(B) Guaranteed retirement income contract.--The
term 'guaranteed retirement income contract' means an
annuity contract for a fixed term or a contract (or
provision or feature thereof) which provides guaranteed
benefits annually (or more frequently) for at least the
remainder of the life of the participant or the joint
lives of the participant and the participant's
designated beneficiary as part of an individual account
plan.''.
Solution:
Increasing Access to a Secure Retirement Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify optional measures that a fiduciary for a pension plan may take in selecting an insurer and a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under ERISA. A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.