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

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''International Insurance Capital
Standards Accountability Act of 2015''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the Secretary of the Treasury, Board of Governors of
the Federal Reserve System, and Director of the Federal
Insurance Office shall support increasing transparency at any
global insurance or international standard-setting regulatory
or supervisory forum in which they participate, including
supporting and advocating for greater public observer access to
working groups and committee meetings of the International
Association of Insurance Supervisors; and
(2) to the extent that the Secretary of the Treasury, Board
of Governors of the Federal Reserve System, and Director of the
Federal Insurance Office take a position or reasonably intend
to take a position on an insurance proposal by a global
insurance regulatory or supervisory forum, the Secretary of the
Treasury, Board of Governors of the Federal Reserve System, and
Director of the Federal Insurance Office shall achieve
consensus positions with State insurance regulators through the
National Association of Insurance Commissioners, when they are
United States participants in negotiations on insurance issues
before the International Association of Insurance Supervisors,
Financial Stability Board, or any other international forum of
financial regulators or supervisors that considers such issues.

SEC. 3. INSURANCE POLICY ADVISORY COMMITTEE.

(a) Establishment.--There is established the Insurance Policy
Advisory Committee on International Capital Standards and Other
Insurance Issues at the Board of Governors of the Federal Reserve
System.
(b) Membership.--The Commission shall be composed of not more than
21 members, all of whom represent a diverse set of expert perspectives
from the various sectors of the United States insurance industry,
including life insurance, property and casualty insurance and
reinsurance, agents and brokers, academics, consumer advocates, or
experts on issues facing underserved insurance communities and
consumers.

SEC. 4. REPORTS.

(a) In General.--
(1) Reports and testimony by secretary of the treasury and
chairman of the federal reserve.--
(A) In general.--The Secretary of the Treasury and
the Chairman of the Federal Reserve, or their designee,
shall submit to the Banking, Housing, and Urban Affairs
Committee of the Senate, and the Financial Services
Committee of the House of Representatives, an annual
report and provide annual testimony to the Banking,
Housing, and Urban Affairs Committee of the Senate, and
the Financial Services Committee of the House of
Representatives on the efforts of the Secretary and the
Chairman with the National Association of Insurance
Commissioners with respect to global insurance
regulatory or supervisory forums, including--
(i) a description of the insurance
regulatory or supervisory standard-setting
issues under discussion at international
standard-setting bodies, including the
Financial Stability Board and the International
Association of Insurance Supervisors;
(ii) a description of the effects that
proposals discussed at international insurance
regulatory or supervisory forums of insurance
could have on consumer and insurance markets in
the United States;
(iii) a description of any position taken
by the Secretary of the Treasury, Board of
Governors of the Federal Reserve System, and
Director of the Federal Insurance Office in
international insurance discussions; and
(iv) a description of the efforts by the
Secretary of the Treasury, Director of the
Federal Insurance Office, and the Board of
Governors of the Federal Reserve System to
increase transparency at the Financial
Stability Board with respect to insurance
proposals and the International Association of
Insurance Supervisors, including efforts to
provide additional public access to working
groups and committees of the International
Association of Insurance Supervisors.
(B) Termination.--This paragraph shall terminate on
December 31, 2018.
(2) Reports and testimony by national association of
insurance commissioners.--The National Association of Insurance
Commissioners may provide testimony to Congress on the issues
described in paragraph (1)(A).
(3) Joint report by the chairman of the federal reserve and
the director of the federal insurance office.--
(A) In general.--The Secretary of the Treasury,
Chairman of the Federal Reserve, and the Director of
the Federal Insurance Office shall, in consultation
with the National Association of Insurance
Commissioners, complete a study on, and submit to
Congress a report on the results of the study, the
impact on consumers and markets in the United States
before supporting or consenting to the adoption of any
key elements in any international insurance proposal or
international insurance capital standard.
(B) Notice and comment.--
(i) Notice.--The Secretary of the Treasury,
Chairman of the Federal Reserve, and the
Director of the Federal Insurance Office shall
provide notice before the date on which
drafting the report is commenced and after the
date on which the draft of the report is
completed.
(ii) Opportunity for comment.--There shall
be an opportunity for public comment for a
period beginning on the date on which the
report is submitted under subparagraph (A) and
ending on the date that is 60 days after the
date on which the report is submitted.
(C) Review by comptroller general.--The Secretary
of the Treasury, Chairman of the Federal Reserve, and
the Director of the Federal Insurance Office shall
submit to the Comptroller General of the United States
the report described in subparagraph (A) for review.
(4) Report on reduction in transparency.--Not later than
180 days after the date of enactment of this Act, the Chairman
of the Federal Reserve and the Secretary of the Treasury, or
their designees, shall submit to Congress a report and provide
testimony to Congress on the efforts of the Chairman and the
Secretary to increase transparency at meetings of the
International Association of Insurance Supervisors.

Output: International Insurance Capital Standards Accountability Act of 2015 This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). The Secretary of the Treasury and the Board Chairman shall report annually to certain congressional committees on their efforts with the National Association of Insurance Commissioners regarding global insurance regulatory or supervisory forums. The Secretary, the Board Chairman, and the Director of the Federal Insurance Office, before supporting or consenting to the adoption of any key element in any international insurance proposal or international insurance capital standard, must study its impact upon U.S. markets and consumers. The Secretary and the Board Chairman must also report, as well as testify to Congress on their efforts to increase transparency at meetings of the International Association of Insurance Supervisors.

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Child Support Security Act''.

SEC. 2. NO EFFECT ON RIGHTS AND LIABILITIES.

Nothing in this Act shall be construed to affect--
(1) the right of an individual or State to receive any
child support payment; or
(2) the obligation of an individual to pay child support.

SEC. 3. INCLUSION IN INCOME OF AMOUNT OF UNPAID CHILD SUPPORT PAYMENTS.

(a) In General.--Section 108 of the Internal Revenue Code of 1986
(relating to discharge of indebtedness income) is amended by adding at
the end thereof the following new subsection:
''(h) Unpaid Child Support Payments.--
''(1) In general.--For purposes of this chapter, any
taxable unpaid child support payments of a taxpayer for any
taxable year shall be treated as amounts includible in gross
income of the taxpayer for the taxable year by reason of the
discharge of indebtedness of the taxpayer.
''(2) Taxable unpaid child support payments.--For purposes
of this subsection, the term 'taxable unpaid child support
payments' means payments--
''(A) which were applicable child support payments
which the taxpayer was required to pay under a support
instrument for the support of a child of the taxpayer,
and
''(B) with respect to which the notice requirements
of paragraph (3) are met.
''(3) Notice requirements.--
''(A) In general.--During January of the second
calendar year following a calendar year in which there
begins a taxable year for which a deduction allowed
under section 166(f) was claimed, the eligible taxpayer
shall send a notice (in such form as the Secretary may
prescribe) to the individual who failed to make
payments which contains--
''(i) the amount of the applicable child
support payments for such taxable year, and
''(ii) notice that the individual is
required to include such amount in gross income
for the taxable year beginning in the preceding
calendar year.
''(B) Notice by secretary.--If notice cannot be
provided under subparagraph (A) because the address is
not known to the eligible taxpayer, the Secretary shall
send such notice if the address is available to the
Secretary.
''(C) Address unknown.--If notice cannot be
provided under subparagraph (A) or (B) because there is
no known address, no income shall be included in gross
income for any taxable year beginning before the
calendar year preceding the calendar year in which such
notice may be sent.
''(4) Subsequent payments.--If any payment required to be
included in gross income under paragraph (1) is subsequently
made, the amount of such payment shall be allowed as a
deduction for the taxable year in which such payment is made.
''(5) Definitions.--For purposes of this subsection, the
terms 'applicable child support payments' and 'eligible
taxpayer' have the meanings given such terms by section
166(f).''
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 1997.

SEC. 4. ALLOWANCE OF BAD DEBT DEDUCTION FOR UNPAID CHILD SUPPORT
PAYMENTS.

(a) In General.--Section 166 of the Internal Revenue Code of 1986
(relating to deduction for bad debts) is amended by redesignating
subsection (f) as subsection (g) and by inserting after subsection (e)
the following new subsection:
''(f) Unpaid Child Support Payments.--
''(1) In general.--In the case of any eligible taxpayer who
has any applicable child support payments remaining unpaid as
of the close of the taxable year--
''(A) subsections (a) and (d) shall not apply to
such payments, and
''(B) there shall be allowed as a deduction for
such taxable year an amount equal to the amount of such
payments.
''(2) Per child limitation on deduction.--The aggregate
amount allowable as a deduction for any taxable year under
paragraph (1) with respect to any child for whom applicable
child support payments are required to be paid shall not exceed
$5,000.
''(3) Eligible taxpayer.--For purposes of this subsection,
the term 'eligible taxpayer' means an individual--
''(A) whose adjusted gross income for the taxable
year does not exceed $50,000,
''(B) with respect to whom the amount of applicable
child support payments remaining unpaid as of the close
of the taxable year is equal to or greater than $500,
and
''(C) who meets the identification requirements of
paragraph (5).
''(4) Applicable child support payment.--
''(A) In general.--The term 'applicable child
support payment' means, with respect to any taxable
year of the eligible taxpayer--
''(i) any periodic payment of a fixed
amount, or
''(ii) any payment of a medical or
educational expense, insurance premium, or
other similar item,
which is required to be paid to such taxpayer during
such taxable year by an individual under a support
instrument meeting the requirements of paragraph (8)
for the support of any qualifying child of such
individual.
''(B) Qualifying child.--For purposes of this
paragraph, the term 'qualifying child' means a child of
an eligible individual with respect to whom a deduction
is allowable under section 151 for the taxable year (or
would be so allowable but for paragraph (2) or (4) of
section 152(e)).
''(C) Payments must be delinquent for at least
entire year.--Any payment described in subparagraph (A)
which is required to be made by an individual to an
eligible taxpayer shall not be treated as an applicable
unpaid child support payment if at least half of the
payments which are required to be paid to the eligible
taxpayer during the 12-month period ending on the last
day of the taxable year are paid. In the case of the
1st taxable year to which this subsection applies to
payments from any individual, the preceding sentence
shall be applied by substituting '24-month' for '12-
month'.
''(D) Coordination with afdc.--The term 'applicable
child support payment' shall not include any payment
the right to which has been assigned to a State under
section 402(a)(26) of the Social Security Act (42
U.S.C. 602(a)(26)).
''(5) Identification requirements.--The requirements of
this paragraph are met if the eligible taxpayer includes on the
return claiming the deduction under this subsection the name,
address, and taxpayer identification number of--
''(A) each child with respect to whom child support
payments to which this subsection applies are required
to be paid, and
''(B) the individual who was required to make such
child support payments.
In the case of a failure to provide the information under
subparagraph (B), the preceding sentence shall not apply if the
eligible taxpayer certifies that any such information is not
known.
''(6) Cost-of-living adjustments.--In the case of any
taxable year beginning after 1998, the $50,000 amount under
paragraph (2)(A), the $50,000 amount under paragraph (3)(A),
and the $500 amount under paragraph (3)(B) shall each be
increased by an amount equal to--
''(A) such dollar amount, multiplied by
''(B) the cost-of-living adjustment determined
under section 1(f)(3) for the calendar year in which
the taxable year begins, except that section 1(f)(3)(B)
shall be applied by substituting '1997' for '1992'.
''(7) Subsequent payments.--If any payment with respect to
which a deduction was allowed under paragraph (1) is
subsequently made, such payment shall be included in gross
income of the eligible taxpayer for the taxable year in which
paid. This paragraph shall not apply to any amount if an
individual has assigned the right to receive such amount to a
State (and the State does not pay such amount to such
individual).
''(8) Support instrument.--For purposes of this subsection,
a support instrument meets the requirements of this paragraph
if it is--
''(A) a decree of divorce or separate maintenance
or a written instrument incident to such a decree,
''(B) a written separation agreement, or
''(C) a decree (not described in subparagraph (A))
of a court or administrative agency requiring a parent
to make payments for the support or maintenance of 1 or
more children of such parent.''
(b) Deduction for Nonitemizers.--Section 62(a) of such Code is
amended by inserting after paragraph (16) the following new paragraph:
''(17) Unpaid child support payments.--The deduction
allowed by section 166(f).''
(c) Conforming Amendment.--Section 166(d)(2) of such Code is
amended by striking ''or'' at the end of subparagraph (A), by striking
the period at the end of subparagraph (B) and inserting '', or'' and by
adding at the end thereof the following new subparagraph:
''(C) a debt which is an applicable child support
payment under subsection (f).''
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 1997.

SEC. 5. REDUCTION OF FEDERAL DEBT.

Net revenues received in the Treasury pursuant to this Act shall be
applied, as provided in appropriation Acts, solely to the retirement of
outstanding public debt obligations of the United States and may not be
obligated or expended for any other purpose, notwithstanding any other
provision of law that does not specifically refer to this section.

Output: Child Support Security Act - Amends the Internal Revenue Code relating to discharge of indebtedness income to provide that any taxable unpaid child support payments of a taxpayer for any taxable year shall be treated as amounts includible in the taxpayer's gross income by reason of the discharge of the taxpayer's indebtedness. Sets forth notice guidelines.
Allows an eligible taxpayer with respect to whom child support payments remain unpaid during the taxable year a deduction of up to $5,000 equal to the amount of payments remaining unpaid. Limits such deductions to taxpayers with adjusted gross incomes under $50,000 and unpaid child support payments of $500 or more.
Requires that net revenues received in the Treasury pursuant to this Act be applied solely to the retirement of outstanding Federal debt obligations and not be obligated or expended for any other purpose.

Input: Consider Input: SECTION 1. AUTHORIZATION TO CONVEY THE SURFACE ESTATE OF THE SAN
JACINTO DISPOSAL AREA IN GALVESTON, TEXAS.

Section 108 of the Energy and Water Development Appropriations Act,
1994 (33 U.S.C. 59hh) is amended to read as follows:
''Sec. 108. (a) In General.--The Secretary of the Army is
authorized to convey to the city of Galveston, Texas, the surface
estate of all or any part of a parcel of land containing approximately
605 acres known as the San Jacinto Disposal Area located on the east
end of Galveston Island, Texas, in the W.A.A. Wallace Survey, A-647 and
A-648, city of Galveston, Galveston County, Texas, being part of the
old Fort San Jacinto site (in this section referred to as the 'Disposal
Area surface estate'), at the fair market value of the Disposal Area
surface estate to be determined in accordance with the provisions of
subsection (d). Such conveyance shall only be made by the Secretary of
the Army upon the agreement of the Secretary and the city as to all
compensation due herein.
''(b) Compensation for Conveyance.--
''(1) In general.--Upon receipt of compensation from the
city of Galveston, the Secretary shall convey the Disposal Area
surface estate, or any part of the Disposal Area surface
estate.
''(2) Conveyance of the disposal area surface estate.--If
the full Disposal Area surface estate is conveyed, the
compensation shall be--
''(A) conveyance to the Department of the Army of
the surface estate of a parcel of land containing
approximately 564 acres on Pelican Island, Texas, in
the Eneas Smith Survey, A-190, Pelican Island, city of
Galveston, Galveston County, Texas, adjacent to
property currently owned by the United States (in this
section referred to as the 'Pelican Island surface
estate'), with the fair market value of the Pelican
Island surface estate being determined in accordance
with subsection (d); and
''(B) payment to the United States of an amount
equal to the difference between the fair market value
of the Disposal Area surface estate and the fair market
value of the Pelican Island surface estate.
''(3) Conveyance of part of the disposal area surface
estate.--If the conveyance is 125 acres or less, compensation
shall be an amount equal to the fair market value of the part
of the Disposal Area surface estate to be conveyed, with the
fair market value of the part of the Disposal Area surface
estate to be conveyed being determined in accordance with
subsection (d).
''(c) Disposition of Spoil.--Costs of maintaining the Galveston
Harbor and Channel will continue to be governed by the Local
Cooperation Agreement (LCA) between the United States of America and
the city of Galveston dated October 18, 1973, as amended. Upon
conveyance of the Disposal Area surface estate, or any part of the
Disposal Area surface estate, the Department of the Army shall be
compensated directly for the present value of the total costs to the
Department for disposal of dredge material and site preparation
pursuant to the LCA, if any, in excess of the present value of the
total costs that would have been incurred if this conveyance had not
been made.
''(d) Determination of Fair Market Value.--The fair market value of
the Disposal Area surface estate or the part of the Disposal Area
surface estate to be conveyed and the Pelican Island surface estate
shall be determined by independent appraisers using the market value
method.
''(e) Navigational Servitude.--
''(1) Declaration of nonnavigability; public interest.--
Unless the Secretary finds, after consultation with local and
regional public officials (including local and regional public
planning organizations), that the proposed projects to be
undertaken within the Disposal Area surface estate are not in
the public interest then, subject to paragraphs (2) and (3),
the Disposal Area surface estate is declared to be nonnavigable
waters of the United States.
''(2) Limits on applicability; regulatory requirements.--
The declaration under paragraph (1) shall apply only to those
parts of the Disposal Area surface estate which are or will be
bulkheaded and filled or otherwise occupied by permanent
structures, including marina facilities. All such work is
subject to all applicable Federal statutes and regulations
including, but not limited to, sections 9 and 10 of the Act of
March 3, 1899 (30 Stat. 1151; 33 U.S.C. 401 and 403), commonly
known as the Rivers and Harbors Appropriations Act of 1899,
section 404 of the Federal Water Pollution Control Act (33
U.S.C. 1344), and the National Environmental Policy Act of 1969
(42 U.S.C. 4321 et seq.).
''(3) Expiration date.--If, on October 28, 2013, any area
or part of the Disposal Area surface estate is not bulkheaded
or filled or occupied by permanent structures, including marina
facilities, in accordance with the requirements set out in
paragraph (2), or if work in connection with any activity
permitted in paragraph (2) is not commenced within 5 years
after issuance of such permits, then the declaration of
nonnavigability for such area or part thereof shall expire.
''(f) Survey and Study.--The Disposal Area surface estate and the
Pelican Island surface estate shall be surveyed and further legally
described prior to conveyance.''.
Output: Amends the Energy and Water Development Appropriations Act, 1994 to authorize the conveyance of the surface estate of all or any part of the parcel of land containing the San Jacinto Disposal Area to the city of Galveston, Texas. Extends the date of expiration for a declaration of nonnavigability for any area or part of the Disposal Area surface estate that is not bulkheaded or filled or occupied by permanent structures, including marina facilities, in accordance with the regulatory requirements pertaining to such a declaration, as amended by this Act.