instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
TITLE I--OVERTIME RIGHTS PROTECTION

SEC. 101. CLARIFICATION OF REGULATIONS RELATING TO OVERTIME
COMPENSATION.

Section 13 of the Fair Labor Standards Act of 1938 (29 U.S.C. 213)
is amended by adding at the end the following:
''(k)(1) Notwithstanding the provisions of subchapter II of chapter
5 and chapter 7 of title 5, United States Code (commonly referred to as
the Administrative Procedures Act) or any other provision of law, any
portion of the final rule promulgated on April 23, 2004, revising part
541 of title 29, Code of Federal Regulations, that exempts from the
overtime pay provision of section 7 of this Act any employee who would
not otherwise be exempt if the regulations in effect on March 31, 2003,
remained in effect, shall have no force or effect and that portion of
such regulations (as in effect on March 31, 2003) that would prevent
such employee from being exempt shall be reinstated.
''(2) The Secretary shall adjust the minimum salary level for
exemption under section 13(a)(1) in the following manner:
''(A) Not later than 60 days after the date of enactment of
this subsection, the Secretary shall increase the minimum
salary level for exemption under subsection (a)(1) for
executive, administrative, and managerial occupations from the
level of $155 per week in 1975 to $591 per week (an amount
equal to the increase in the Employment Cost Index (published
by the Bureau of Labor Statistics) for executive,
administrative, and managerial occupations between 1975 and
2005).
''(B) Not later than December 31 of the calendar year
following the increase required in subparagraph (A), and each
December 31 thereafter, the Secretary shall increase the
minimum salary level for exemption under subsection (a)(1) by
an amount equal to the increase in the Employment Cost Index
for executive, administrative, and managerial occupations for
the year involved.''.

TITLE II--FAIR MINIMUM WAGE

SEC. 111. MINIMUM WAGE.

(a) In General.--Section 6(a)(1) of the Fair Labor Standards Act of
1938 (29 U.S.C. 206(a)(1)) is amended to read as follows:
''(1) except as otherwise provided in this section, not
less than--
''(A) $5.85 an hour, beginning on the 60th day
after the date of enactment of this paragraph;
''(B) $6.55 an hour, beginning 12 months after that
60th day; and
''(C) $7.25 an hour, beginning 24 months after that
60th day;''.
(b) Effective Date.--The amendment made by subsection (a) shall
take effect 60 days after the date of enactment of this Act.

TITLE III--SENSE OF THE SENATE REGARDING MULTIEMPLOYER PENSION PLANS

SEC. 121. SENSE OF THE SENATE REGARDING MULTIEMPLOYER PENSION PLANS.

(a) Findings.--The Senate makes the following findings:
(1) Multiemployer pension plans have been a major force in
the delivery of employee benefits to active and retired
American workers and their dependents for over half a century.
(2) There are approximately 1,700 multiemployer defined
benefit pension plans in which approximately 9,700,000 workers
and retirees participate.
(3) Three-quarters of the approximately 60,000 to 65,000
employers that participate in multiemployer plans have fewer
that 100 employees.
(4) Multiemployer plans allow for greater access and
affordability for smaller employers and pension portability for
their employees as they move from one job to another, and
permit workers to earn a pension where they might otherwise not
be able to do so.
(5) The 2000-2002 drop in the stock market and decline in
equity values has affected all investors, including
multiemployer plans.
(6) The decline in value sustained by multiemployer defined
benefit pension plans have threatened the stability of this
private sector source of secure retirement income.
(7) Participating employers could face onerous excise taxes
and other penalties as a result of the serious, adverse
financial impact due to these market losses.
(8) In 2004, the United States Senate recognized the
severity of this situation and passed by an overwhelmingly,
large bipartisan margin of 86 to 9 temporary relief provisions
for single and multiemployer defined benefit pension plans.
(b) Sense of the Senate.--It is the sense of the Senate that the
Senate--
(1) expresses its strong support for multiemployer defined
benefit pension plans;
(2) recognizes the importance of an environment in which
multiemployer plans can continue their vital role in providing
benefits to working men and women;
(3) recognizes that multiemployer pension plan relief must
be designed for the multiemployer labor-relations environment
that supports the plans; and
(4) supports legislation to strengthen and protect the
viability of multiemployer pension plans for the continued
benefit of current and retired members, and their families and
survivors, and to strengthen the ability of all plans to
address funding problems that occur.
answer:
Amends the Fair Labor Standards Act of 1938 (FLSA) to deny any force or effect to any portion of a rule promulgated on April 23, 2004, that has the effect of exempting from FLSA overtime compensation requirements (which limit maximum hours at regular compensation) any employee who would not otherwise be exempted if regulations in effect on March 31, 2003, remained in effect. Reinstates that portion of such regulations that would prevent such an employee from being exempt. Directs the Secretary of Labor to increase, in a specified manner, the minimum salary level for the exemption for executive, administrative, and managerial occupations from FLSA overtime compensation requirements.

Amends the FLSA to increase the Federal minimum wage to: (1) $5.85 an hour, beginning on the 60th day after enactment of this Act; (2) $6.55 an hour, beginning 12 months after that 60th day; and (3) $7.25 an hour, beginning 24 months after that 60th day.

Expresses the sense of the Senate regarding multiemployer pension plans.

question:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Justice for Victims of Fraud Act of
2016''.

SEC. 2. FINDINGS.

The Congress finds the following:
(1) The Bureau of Consumer Financial Protection found that
Wells Fargo management implemented sales incentives, including
an incentive-compensation program, in part to increase the
number of banking products and services that its employees sold
to its customers.
(2) The Bureau of Consumer Financial Protection found that
Wells Fargo employees engaged in improper sales practices to
satisfy sales goals under Wells Fargo's incentive compensation
program, including opening as many as 1,534,280 checking
accounts and 565,443 credit card accounts using consumers'
information without their knowledge or consent between May 2011
and July 2015.
(3) Wells Fargo successfully claimed in Jabbari v. Wells
Fargo that customers had signed away their rights to hold Wells
Fargo accountable in court for claims of fraud because those
customers were bound to a forced arbitration clause for their
legitimate accounts.
(4) After Wells Fargo publicly entered a settlement with
Federal regulators for the opening of thousands of unauthorized
customer accounts, Wells Fargo claimed in Mitchell et. al. v.
Wells Fargo et. al. that customers' fraud claims must continue
to be forced into arbitration.
(5) Several courts have determined that despite claims of
fraud over unauthorized accounts opened without customer
knowledge or consent, those customers are still bound by
contracts forcing those claims into arbitration based on the
courts' interpretation of the Federal Arbitration Act.
(6) The Federal Arbitration Act (now codified as chapter 1
of title 9, United States Code) was intended to apply to
disputes between commercial entities of generally similar
sophistication and bargaining power, but a series of decisions
by the Supreme Court of the United States have interpreted the
Federal Arbitration Act as applicable to claims of fraud.
(7) Consumers have no meaningful choice whether to submit
their claims to arbitration and are typically unaware that they
have given up their rights to file claims in court.

SEC. 3. ARBITRATION OF CONSUMER DISPUTES RELATED TO CREDIT CARD
ACCOUNTS.

Chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et seq.) is
amended by adding at the end the following (and the table of contents
for such chapter is conformed accordingly):
''Sec. 140B. Validity and enforceability
''(a) Definitions.--In this section--
''(1) the term 'covered dispute' means a dispute that is
not subject to a final judgment by a court; and
''(2) the term 'predispute arbitration agreement' means any
agreement between a person and a consumer providing for
arbitration of any future dispute between the parties.
''(b) Validity and Enforceability.--No predispute arbitration
agreement shall be valid or enforceable in a covered dispute that is
related to a credit card that was not issued in response to a request
or application for that credit card account.
''(c) Applicability.--The applicability of this section to a
predispute arbitration agreement shall be determined by a State or
Federal court of competent jurisdiction.''.

SEC. 4. ARBITRATION OF CONSUMER DISPUTES RELATED TO COVERED ACCOUNTS.

The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is
amended by inserting after section 920 (15 U.S.C. 1693o-2) the
following:

''SEC. 920A. VALIDITY AND ENFORCEABILITY.

''(a) Definitions.--In this section--
''(1) the term 'covered account'--
''(A) means a demand deposit, savings deposit, or
other asset account (other than an occasional or
incidental credit balance in an open end credit plan as
defined in section 103(i)), as described in regulations
of the Bureau, established primarily for personal,
family, or household purposes, including demand
accounts, time accounts, negotiable order of withdrawal
accounts, and share draft accounts; and
''(B) does not include an account held by a
financial institution pursuant to a bona fide trust
agreement;
''(2) the term 'covered dispute' means a dispute that is
not subject to a final judgment by a court; and
''(3) the term 'predispute arbitration agreement' means any
agreement between a financial institution and a consumer
providing for arbitration of any future dispute between the
parties.
''(b) Validity and Enforceability.--No predispute arbitration
agreement shall be valid or enforceable in a covered dispute that is
related to a covered account that was not issued in response to a
request or application for that covered account.
''(c) Applicability.--The applicability of this section to a
predispute arbitration agreement shall be determined by a State or
Federal court of competent jurisdiction.''.

SEC. 5. RULE OF CONSTRUCTION.

Nothing in the amendments made by this Act shall be construed--
(1) to authorize the imposition of a requirement to submit
a dispute to arbitration; or
(2) to restrict any court from ruling that a requirement to
submit a dispute to arbitration is invalid or unenforceable.
answer:
Justice for Victims of Fraud Act of 2016 This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account. The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.

question:
SECTION 1. SHORT TITLE.

This Act may be known as the ''Cents and Sensibility Act''.

SEC. 2. FINDINGS.

The Congress finds the following:
(1) The United States Mint, in its 2001 annual report,
announced that it was studying alternative metals for use in
circulating coins, but has never released the study publicly or
delivered it to Congress.
(2) In May, 2006, the United States Mint delivered
communications to the Congress indicating that the cost to
produce circulating coins had increased dramatically owing to
worldwide demand for commodity metals, to the point where--
(A) the price to produce 1-cent and 5-cent coins
had or soon would surpass the face value of such coins;
and
(B) the cost to produce the 10-cent and quarter-
dollar coins, while not exceeding their face value, had
increased dramatically.
(3) Such cost increases alone, while minimal per individual
coins, taken together could increase the cost to taxpayers
$1,000,000,000 or more over a decade.
(4) In spite of having communicated the information
concerning this costly dilemma, neither the Secretary of the
Treasury or the Director of the United States Mint has made any
recommendation for changing the metallic content of circulating
coins in order to reduce the cost to produce such coins and
thus control the effect on the general fund of the Treasury.
(5) Other countries, recognizing the effect of the increase
in commodity metal prices on the cost of producing circulating
coins, have adjusted the metal content of some or all of their
circulating coins in the period in which there has been no
change in the metal content of United States circulating coins.
(6) Canada has for several years produced a cent coin
similar in size and weight to the United States 1-cent coin
that is made of steel with a thin coating of copper, leading to
a unit cost to produce such coins considerably less than that
of the U.S. cent coin, and uses similar production techniques
to control the costs of all of its circulating coins.
(7) In 1943, owing to demands for copper due to the
prosecution of World War II, the Mint produced the so-called
''steel pennies'' which were zinc-coated steel blanks.
(8) In view of the prior experience of the United States
Mint in producing the ''steel pennies'', there is no reason not
to change the metal content of the cent coin immediately, and
simply dropping the unit production cost of a 1-cent coin below
its face value would save the Treasury nearly $1,000,000,000
over the next decade at current production levels.
(9) Any changes to the metallic content of the 5-cent, 10-
cent and quarter-dollar coins should be made simultaneously, to
minimize the cost of adjustments that would need to be made to
coin-accepting, coin-counting, and other coin-handling
equipment and thus control costs to consumers.

SEC. 3. REDUCING THE COST TO TAXPAYERS OF PRODUCING THE PENNY.

(a) Steel Pennies Required.--Subsection (c) of section 5112 of
title 31, United States Code, is amended to read as follows:
''(c) 1-Cent Coin.--
''(1) In general.--The 1-cent coin shall--
''(A) be produced primarily of steel; and
''(B) meet such other specifications as the
Secretary may determine to be appropriate, including
any change in the weight from that specified in
subsection (a)(6).
''(2) Treatment.--The 1-cent coin shall be treated to
impart a copper color to the appearance of the coins so that
the appearance is similar to 1-cent coins produced of a copper-
zinc alloy.
''(3) Exception for lincoln bicentennial numismatic
pennies.--No provision of this subsection shall apply with
respect to 1-cent coins described in section 304 of the
Presidential $1 Coin Act of 2005 that are issued for numismatic
purposes.''.
(b) Effective Date.--The amendment made by subsection (a) shall
apply to all 1-cent coins issued after the end of the 90-day period
beginning on the date of the enactment of this Act.

SEC. 4. REDUCING THE COST TO TAXPAYERS OF PRODUCING OTHER CIRCULATING
COINS WITHOUT INTERFERING WITH THE WAY SUCH COINS ARE
HANDLED BY BUSINESS, GOVERNMENT, AND CONSUMERS IN THE
COURSE OF ORDINARY COMMERCE.

(a) Report Required.--Before the end of the 60-day period beginning
at the end of the 90-day period referred to in section 3(b), the
Secretary of the Treasury shall submit a report to the Committee on
Financial Services of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate describing a unified
plan developed by the Secretary to change the metallic content of the
5-cent, 10-cent, quarter-dollar and half-dollar circulating coins
produced by the Secretary in such a way as to return the ratios between
the unit cost to produce such coins and the face value of such coins to
a point where it is as close as possible to the historic production
cost to face value ratios achieved in the 1980s.
(b) Detailed Recommendations and Model Legislation.--The reports
required under this section shall contain detailed recommendations for
the metallic content of each coin in such a form that the
recommendations could be enacted into law within 30 days after the
receipt of such report and appropriate congressional hearings and the
production of such coins with new metallic content could begin within
90 days after the date of the enactment of such new specifications,
should the Congress so choose.
(c) Improved Production Efficiency.--The reports required under
this section shall include recommendations for changes in the methods
of producing coins at the United States Mints that would further reduce
the costs to produce circulating coins.
(d) Minimizing Potential Conversion Costs.--The reports required
under this section shall--
(1) include no recommendation for new specifications for
producing a circulating coin that would require more than 1
change to coin-accepting and coin-handling equipment to
accommodate changes to all circulating coins simultaneously;
and
(2) to the greatest extent possible, recommend
specifications that, while consistent with other portions of
this section and the amendments made by this Act, require no
changes to coin-accepting or coin-handling equipment whatsoever
to accommodate both coins produced with the new specifications
and coins produced as of July 31, 2007.
(e) Fraud Prevention.--The reports required under this section
shall make no recommendation for a specification change that would
facilitate or allow the use of a coin with a lesser value produced by
another country, or the use of any token or other easily or regularly
produced metal device of minimal value, in the place of a circulating
coin produced by the Secretary.
(f) Further Recommendations for the 1-Cent Coin.--Notwithstanding
the amendment made by section 3, the reports required by this section
may contain any recommendation of the Secretary for any further changes
to the metallic content of the 1-cent coin, other than the content of
1-cent coins described in section 304 of the Presidential $1 Coin Act
of 2005 that are issued for numismatic purposes, that the Secretary
determines is more effective to reduce the unit production costs for
such coins.
(g) Annual Review and Update.--At 1-year intervals following the
submission of a report under subsection (a), the Secretary shall submit
a report to the Committee on Financial Services of the House of
Representatives and the Committee on Banking, Housing, and Urban
Affairs of the Senate reviewing the metallic content of the 1-cent, 5-
cent, 10-cent, quarter-dollar and half-dollar circulating coins
produced by the Secretary. Each such report shall comply with the
requirements of this section for reports submitted under subsection
(a).

SEC. 5. PROCUREMENT OF RESEARCH, TESTING, AND COMMODITIES.

The Secretary of the Treasury may, to accomplish the goals of this
Act, and consistent with the Secretary's development of the metallic
content of the currently produced 1-dollar coin and the currently
produced 5-cent, 10-cent, quarter-dollar and half-dollar coins, solicit
input from within or without the Federal Government, including research
facilities or the 2 current suppliers of the raw material for volume
production of circulating coins with such new metallic content, and
conduct any appropriate testing within or without the Department of the
Treasury, consistent with all other applicable Federal laws on the
procurement, or potential procurement of materials necessary for the
performance of the duties of the Secretary.
answer:
Cents and Sensibility Act - Revises the discretionary authority of the Secretary of the Treasury to prescribe the weight and the composition of the alloy of the one-cent coin.

Requires that the one-cent coin be: (1) produced primarily of steel; and (2) treated to impart a copper color to its appearance so that the appearance is similar to one-cent coins produced of a copper-zinc alloy.

Exempts from such requirement certain Lincoln Bicentennial numismatic pennies.

Requires the Secretary of the Treasury to report to certain congressional committees on a unified plan to change the metallic content of the five-cent, ten-cent, quarter-dollar and half-dollar circulating coins so as to return the ratios between the unit cost to produce such coins and their face value to a point where it is as close as possible to the historic production-cost-to-face-value ratios achieved in the 1980s.