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 ''Municipal Bond Market Support Act of
2008''.

SEC. 2. MODIFICATION OF SMALL ISSUER EXCEPTION TO TAX-EXEMPT INTEREST
EXPENSE ALLOCATION RULES FOR FINANCIAL INSTITUTIONS.

(a) Increase in Limitation.--Subparagraphs (C)(i), (D)(i), and
(D)(iii)(II) of section 265(b)(3) of the Internal Revenue Code of 1986
are each amended by striking ''$10,000,000'' and inserting
''$30,000,000''.
(b) Repeal of Aggregation Rules Applicable to Small Issuer
Determination.--Paragraph (3) of section 265(b) of such Code is amended
by striking subparagraphs (E) and (F).
(c) Election To Apply Limitation at Borrower Level.--Paragraph (3)
of section 265(b) of such Code, as amended by subsection (b), is
amended by adding at the end the following new subparagraph:
''(E) Election to apply limitation on amount of
obligations at borrower level.--
''(i) In general.--An issuer, the proceeds
of the obligations of which are to be used to
make or finance eligible loans, may elect to
apply subparagraphs (C) and (D) by treating
each borrower as the issuer of a separate
issue.
''(ii) Eligible loan.--For purposes of this
subparagraph--
''(I) In general.--The term
'eligible loan' means one or more loans
to a qualified borrower the proceeds of
which are used by the borrower and the
outstanding balance of which in the
aggregate does not exceed $30,000,000.
''(II) Qualified borrower.--The
term 'qualified borrower' means a
borrower which is an organization
described in section 501(c)(3) and
exempt from taxation under section
501(a) or a State or political
subdivision thereof.
''(iii) Manner of election.--The election
described in clause (i) may be made by an
issuer for any calendar year at any time prior
to its first issuance during such year of
obligations the proceeds of which will be used
to make or finance one or more eligible
loans.''.
(d) Inflation Adjustment.--Paragraph (3) of section 265(b) of such
Code, as amended by subsections (b) and (c), is amended by adding at
the end the following new subparagraph:
''(F) Inflation adjustment.--In the case of any
calendar year after 2009, the $30,000,000 amounts
contained in subparagraphs (C)(i), (D)(i),
(D)(iii)(II), and (E)(ii)(I) shall each be increased by
an amount equal to--
''(i) such dollar amount, multiplied by
''(ii) the cost-of-living adjustment
determined under section 1(f)(3) for such
calendar year, determined by substituting
'calendar year 2008' 'for calendar year 1992'
in subparagraph (B) thereof.
Any increase determined under the preceding sentence
shall be rounded to the nearest multiple of
$100,000.''.
(e) Effective Date.--The amendments made by this section shall
apply to obligations issued after December 31, 2008.

SEC. 3. DE MINIMIS SAFE HARBOR EXCEPTION FOR TAX-EXEMPT INTEREST
EXPENSE OF FINANCIAL INSTITUTIONS AND BROKERS.

(a) Financial Institutions.--Subsection (b) of section 265 of the
Internal Revenue Code of 1986 is amended by adding at the end the
following new paragraph:
''(7) De minimis exception.--Paragraph (1) shall not apply
to any financial institution if the portion of the taxpayer's
holdings of tax-exempt securities is less than 2 percent of the
taxpayer's assets.''.
(b) Brokers.--Subsection (a) of section 265 of the Internal Revenue
Code of 1986 is amended by adding at the end the following new
paragraph:
''(7) De minimis exception.--Paragraph (2) shall not apply
to any broker (as defined in section 6045(c)(1)) if the portion
of the taxpayer's holdings of tax-exempt securities is less
than 2 percent of the taxpayer's assets.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.
[A]: Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Section Commission to Advise on
Reforming Elections Act''.

SEC. 2. ESTABLISHMENT OF SELECT COMMISSION TO ADVISE ON REFORMING
ELECTIONS.

There is established a commission to be known as the ''Select
Commission to Advise on Reforming Elections'' (referred to in this Act
as the ''Commission''). The purposes of the Commission are to study the
laws relating to the financing of campaigns for elections for Federal
office and to report and recommend legislation to reform those laws.

SEC. 3. MEMBERSHIP OF COMMISSION.

(a) Appointment.--The Commission shall be composed of 12 members
appointed not later than 60 days after the date of the enactment of
this Act by the President, of whom--
(1) Three members shall be appointed from among a list of
nominees submitted by the majority leader of the House of
Representatives;
(2) Three members shall be appointed from among a list of
nominees submitted by the majority leader of the Senate;
(3) Two members shall be appointed from among a list of
nominees submitted by the minority leader of the House of
Representatives;
(4) Two members shall be appointed from among a list of
nominees submitted by the minority leader of the Senate; and
(5) Two members shall be appointed from individuals meeting
such criteria as the President may apply.
(b) Chair.--The members of the Commission shall select two members
to serve as co-chairs of the Commission.
(c) Terms.--The members of the Commission shall serve for the life
of the Commission.
(d) Vacancies.--A vacancy in the Commission shall be filled in the
manner in which the original appointment was made.

SEC. 4. POWERS OF COMMISSION.

(a) Hearings.--The Commission may, for the purpose of carrying out
this Act, hold hearings, sit and act at times and places, take
testimony, and receive evidence as the Commission considers
appropriate.
(b) Quorum.--Five members of the Commission shall constitute a
quorum, but a lesser number may hold hearings.

SEC. 5. ADMINISTRATIVE PROVISIONS.

(a) Pay and Travel Expenses of Members.--(1) Each member of the
Commission, other than the co-chairs, shall be paid at a rate equal to
the daily equivalent of the annual rate of basic pay payable for level
IV of the Executive Schedule under section 5315 of title 5, United
States Code, for each day (including travel time) during which the
member is engaged in the actual performance of duties vested in the
Commission. Each co-chair shall be paid for each day referred to in the
preceding sentence at a rate equal to the daily equivalent of the
annual rate of basic pay payable for level III of the Executive
Schedule under section 5314 of title 5, United States Code.
(2) Members of the Commission shall receive travel expenses,
including per diem in lieu of subsistence, in accordance with sections
5702 and 5703 of title 5, United States Code.
(b) Staff Director.--The Commission shall, without regard to
section 5311(b) of title 5, United States Code, appoint a staff
director, who shall be paid at the rate of basic pay payable for level
IV of the Executive Schedule under section 5315 of title 5, United
States Code.
(c) Staff of Commission; Services.--
(1) In general.--Subject to such rules as may be adopted by
the Commission, the staff director of the Commission, without
regard to the provisions of title 5, United States Code,
governing appointments in the competitive service and without
regard to the provisions of chapter 51 and subchapter III of
chapter 53 of that title relating to classifications and
General Schedule pay rates, and subject to the approval of the
Commission, may appoint such personnel as the staff director considers
necessary, except that an individual so appointed may not receive pay
in excess of the maximum annual rate of basic pay payable for grade GS-
15 of the General Schedule under section 5332 of title 5, United States
Code.
(2) Temporary and intermittent services.--Subject to the
approval of the Commission, the staff director of the
Commission may procure temporary and intermittent services to
the same extent as is authorized by section 3109(b) of title 5,
United States Code.

SEC. 6. REPORT AND RECOMMENDATIONS FOR CHANGES IN LAW.

(a) Report.--Not later than 180 days after the appointment of its
members, the Commission shall submit to the President, the Speaker and
minority leader of the House of Representatives, and the majority and
minority leaders of the Senate a report of the activities of the
Commission.
(b) Recommendations for Changes in Campaign Finance Laws.--
(1) In general.--Subject to paragraph (2), the Commission
shall submit to the President, the Speaker and minority leader
of the House of Representatives, and the majority and minority
leaders of the Senate any recommendations for changes in the
laws (including regulations) governing the conducting and
financing of Federal campaigns (including any changes in the
rules of the Senate or the House of Representatives) to which
seven or more members of the Commission may agree--
(A) by including such recommendations in the report
submitted under subsection (a); or
(B) with the approval of a majority of its members,
by submitting a supplemental report containing such
recommendations not later than 180 days after
submitting the report under subsection (a).
(2) Final deadline.--The Commission may not submit
recommendations under this subsection after July 15, 1998.
(c) Dissenting Views.--The Commission shall include in the report
submitted under subsection (a) and in any recommendations submitted
under subsection (b) any dissenting or minority views of its members,
including recommendations for changes in law which were proposed by any
member and to which seven or more members did not agree.

SEC. 7. EXPEDITED CONGRESSIONAL CONSIDERATION OF LEGISLATION
IMPLEMENTING RECOMMENDATIONS.

(a) Preparation of Legislation.--If the Commission submits any
recommendation for changes in the laws under section 6(b), those
members concurring in the recommendation shall include with the
recommendation legislation to implement the recommendation.
(b) Expedited Congressional Consideration of Legislation.--
(1) In general.--If any legislation is introduced the
substance of which implements a recommendation of the
Commission submitted under section 6(b), subject to paragraph
(2), the provisions of section 2908 (other than subsection (a))
of the Defense Base Closure and Realignment Act of 1990 shall
apply to the consideration of the legislation in the same
manner as such provisions apply to a joint resolution described
in section 2908(a) of such Act.
(2) Special rules.--For purposes of applying paragraph (1)
with respect to such provisions, the following rules shall
apply:
(A) Any reference to the Committee on Armed
Services of the House of Representatives shall be
deemed a reference to the Committee on House Oversight
of the House of Representatives and any reference to
the Committee on Armed Services of the Senate shall be
deemed a reference to the Committee on Rules and
Administration of the Senate.
(B) Any reference to the date on which the
President transmits a report shall be deemed a
reference to the date on which the recommendation
involved is submitted under section 6(b).

SEC. 8. TERMINATION.

The Commission shall cease to exist 90 days after the later of--
(1) the date of the submission of its report under section
6(a); or
(2) the date of the submission of its recommendations under
section 6(b).
[A]: Select Commission to Advise on Reforming Elections Act - Establishes the Select Commission to Advise on Reforming Elections to study the laws relating to the financing of campaigns for Federal elections and to report and recommend legislation to reform those laws.
(Sec. 6) Requires the Commission to submit a report to the President, the Speaker and minority leader of the House of Representatives, and the majority and minority leaders of the Senate on its activities. Directs the Commission, as specified, to submit to the President, the Speaker and minority leader of the House of Representatives, and the majority and minority leaders of the Senate, any recommendations for changes in campaign finance laws to which seven or more Commission members may agree. Prohibits the submission of recommendations by the Commission after July 15, 1998.
(Sec. 7) Requires that when the Commission submits any recommendation for changes in campaign finance laws, those Commission members concurring in the recommendation shall include legislation to implement the recommendation. Provides for expedited congressional consideration of any legislation introduced which implements a recommendation of the Commission.
(Sec. 8) Terminates the Commission after the later of: (1) the submission of its report; or (2) the submission of its recommendations.

[Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''National Blue Alert Act of 2010''.

SEC. 2. BLUE ALERT COMMUNICATIONS NETWORK.

The Attorney General shall, subject to the availability of
appropriations pursuant to section 6, establish a national Blue Alert
communications network within the Department of Justice to disseminate
information when a law enforcement officer is seriously injured or
killed in the line of duty through the initiation, facilitation, and
promotion of local elements of the network (known as Blue Alert plans)
in coordination with States, units of local government, law enforcement
agencies, and other appropriate entities.

SEC. 3. BLUE ALERT COORDINATOR; GUIDELINES.

(a) Coordination Within Department of Justice.--The Attorney
General shall assign an officer of the Department of Justice to act as
the national coordinator of the Blue Alert communications network. The
officer so designated shall be known as the Blue Alert Coordinator of
the Department of Justice (referred to in this Act as the
''Coordinator'').
(b) Duties of the Coordinator.--In acting as the national
coordinator of the Blue Alert communications network, the Coordinator
shall--
(1) work with States to encourage the development of
additional Blue Alert plans in the network;
(2) establish voluntary guidelines for States to use in
developing Blue Alert plans that will promote compatible and
integrated Blue Alert plans throughout the United States,
including--
(A) a list of the resources necessary to establish
a Blue Alert plan;
(B) criteria for evaluating whether a situation
warrants issuing a Blue Alert;
(C) guidelines to protect the privacy, dignity,
independence, and autonomy of any law enforcement
officer who may be the subject of a Blue Alert or
family of such law enforcement officer;
(D) guidelines that, before a Blue Alert is issued
and with respect to a law enforcement officer who is
seriously injured or killed in the line of duty--
(i) the law enforcement agency involved
confirms the death, injury, or attack on of the
law enforcement officer;
(ii) there is an indication of serious
injury to or death of the law enforcement
officer;
(iii) the suspect involved has not been
apprehended; and
(iv) there is sufficient descriptive
information of the suspect involved and any
relevant vehicle and tag numbers;
(E) guidelines--
(i) that information related to a law
enforcement officer who is seriously injured or
killed in the line of duty would be provided to
the National Crime Information Center database
operated by the Federal Bureau of Investigation
pursuant to section 534 of title 28, United
States Code, and any relevant crime information
repository of the State involved;
(ii) that a Blue Alert would be, to the
maximum extent practicable (as determined by
the Coordinator in consultation with State and
local law enforcement agencies) limited to the
geographic areas most likely to facilitate the
apprehension of the suspect involved or which
such suspect could reasonably reach, but not
limited to State lines;
(iii) for State law enforcement agencies to
develop plans to communicate information to
neighboring States to provide for seamless
communication of Blue Alert; and
(iv) providing that a Blue Alert will be
suspended when the suspect involved is
apprehended or when the law enforcement agency
involved determines that the Blue Alert is no
longer effective; and
(F) guidelines for--
(i) the issuance of alerts through the Blue
Alert communications network; and
(ii) the extent of the dissemination of
alerts issued through the network;
(3) develop proposed protocols for efforts to apprehend
suspects, including protocols that are needed from the time of
the initial notification of a law enforcement agency that a
suspect has not been apprehended through the time of
apprehension of a suspect or when the law enforcement agency
involved determines that the Blue Alert is no longer effective,
including--
(A) public safety communications;
(B) command center operations; and
(C) incident review, evaluation, debriefing, and
public information procedures;
(4) work with States to ensure appropriate regional
coordination of various elements of the network;
(5) establish an advisory group to assist States, units of
local government, law enforcement agencies, and other entities
involved in the Blue Alert communications network with
initiating, facilitating, and promoting Blue Alert plans, which
shall include--
(A) to the maximum extent practicable,
representation from the various geographic regions of
the United States; and
(B) members who are--
(i) representatives of law enforcement
organizations, law enforcement agencies, and
public safety communications,
(ii) broadcasters, first responders,
dispatchers, and radio station personnel; and
(iii) representatives of any other
individuals or organizations that the
Coordinator determines are necessary to the
success of the Blue Alert communications
network; and
(6) act as the nationwide point of contact for--
(A) the development of the network; and
(B) regional coordination of alerts through the
network for law enforcement officers who are seriously
injured or killed in the line of duty.
(c) Limitations Applicable to Guidelines and Other Duties.--In
establishing the guidelines and carrying out other duties under
subsection (b), the following shall apply:
(1) Voluntary participation.--The guidelines established
under paragraph (2) of such subsection, protocols developed
under paragraph (3) of such subsection, and other programs
established under such subsection, shall be adoptable by a
State on a voluntary basis only.
(2) Dissemination of information.--The guidelines shall, to
the maximum extent practicable (as determined by the
Coordinator in consultation with State and local law
enforcement agencies), provide that appropriate information
relating to a wounding assault or fatal injury on a law
enforcement officer is disseminated to the appropriate law
enforcement, public health, and other public officials.
(3) Privacy and civil liberties protections.--The
guidelines shall--
(A) ensure that alerts issued through the Blue
Alert communications network comply with all applicable
Federal, State, and local privacy laws and regulations;
and
(B) include standards that specifically provide for
the protection of the civil liberties, including the
privacy, of law enforcement officers who are seriously
injured or killed in the line of duty and the families
of such officers.
(d) Cooperation With Other Agencies.--The Coordinator shall
cooperate with the Secretary of Homeland Security, the Secretary of
Transportation, the Federal Communications Commission, and appropriate
offices of the Department of Justice in carrying out activities under
this Act.
(e) Reports.--Not later than one year after the date of the
enactment of this Act, and annually thereafter, the Coordinator shall
submit to Congress a report on the activities of the Coordinator and
the effectiveness and status of the Blue Alert plans of each State that
has established or is in the process of establishing such a plan.

SEC. 4. GRANT PROGRAM FOR SUPPORT OF BLUE ALERT PLANS.

(a) Grant Program.--Subject to the availability of appropriations
to carry out this section, the Attorney General shall carry out a
program to provide grants to States for the development or enhancement
of programs and activities for the support of Blue Alert plans and the
Blue Alert communications network.
(b) Activities.--Activities funded by grants under the program
under subsection (a) may include--
(1) the development and implementation of education and
training programs, and associated materials, relating to Blue
Alert plans;
(2) the development and implementation of law enforcement
programs, and associated equipment, relating to Blue Alert
plans;
(3) the development and implementation of new technologies
to improve Blue Alert communications; and
(4) such other activities as the Attorney General considers
appropriate for supporting the Blue Alert communications
network.
(c) Federal Share.--The Federal share of the cost of any activities
funded by a grant under the program under subsection (a) may not exceed
50 percent.
(d) Distribution of Grant Amounts on Geographic Basis.--The
Attorney General shall, to the maximum extent practicable, ensure the
distribution of grants under the program under subsection (a) on an
equitable basis throughout the various regions of the United States.
(e) Administration.--The Attorney General shall prescribe
requirements, including application requirements, for grants under the
program under subsection (a).

SEC. 5. DEFINITION.

For purposes of this Act, the term ''State'' means each of the 50
States, the District of Columbia, the Commonwealth of Puerto Rico, the
United States Virgin Islands, Guam, American Samoa, the Commonwealth of
the Northern Mariana Islands, and any federally recognized Indian
tribe.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

(a) In General.--There is authorized to be appropriated such sums
as may be necessary to carry out this Act (other than for purposes
described in subparagraph (A) or (B) of subsection (b)(1)).
(b) Grant Funding.--
(1) In general.--There is authorized to be appropriated for
fiscal year 2011--
(A) $5,000,000 for grants under section 4; and
(B) an additional $5,000,000 for such grants to
carry out activities described in section 4(b)(3).
(2) Availability of funds.--Amounts appropriated pursuant
to paragraph (1) shall remain available until expended.
[A]:
National Blue Alert Act of 2010 - Directs the Attorney General to: (1) establish a national Blue Alert communications network within the Department of Justice (DOJ) to disseminate information when a law enforcement officer is seriously injured or killed in the line of duty; (2) assign a DOJ officer to act as the national coordinator of the Blue Alert communications network; and (3) provide grants to states for the development or enhancement of programs and activities to support Blue Alert plans and the Blue Alert communications network. Sets forth the duties of the national coordinator, including working with states to develop additional Blue Alert plans in the network, establishing voluntary guidelines for states in developing Blue Alert plans, developing protocols for efforts to apprehend suspects, and establishing an advisory group to assist states, local governments, law enforcement agencies, and other entities in initiating, facilitating, and promoting Blue Alert plans.