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 ''Childrens' Media Protection Act of
1995''.

SEC. 2. FINDINGS.

Congress makes the following findings:
(1) On average, a child in the United States is exposed to
27 hours of television each week, and some children are exposed
to as much as 11 hours of television each day.
(2) The average American child watches 8,000 murders and
100,000 acts of other violence on television by the time the
child completes elementary school.
(3) By the age of 18 years, the average American teenager
has watched 200,000 acts of violence on television, including
40,000 murders.
(4) The Times Mirror Center reports that a recent poll of
Americans indicates that 72 percent of the American people
believe that there is too much violence on television, and,
according to a survey by U.S. News and World Report dated May
1994, 91 percent of American voters believe that mayhem in the
media contributes to violence in real life.
(5) On several occasions since 1975, The Journal of the
American Medical Association has alerted the medical community
to the adverse effects of televised violence on child
development, including an increase in the level of aggressive
behavior and violent behavior among children who view it.
(6) The National Commission on Children recommended in 1991
that producers of television programs exercise greater
restraint in the content of programming for children.
(7) A report of the Harry Frank Guggenheim Foundation,
dated May 1993, indicates that there is an irrefutable
connection between the amount of violence depicted in the
television programs watched by children and increased
aggressive behavior among children.
(8) It is in the National interest that parents be
empowered with the technology to block the viewing of
television programs whose content is overly violent or
objectionable for other reasons.
(9) Technology currently exists to permit the manufacture
of television receivers that are capable of permitting parents
to block television programs having violent or otherwise
objectionable content.

SEC. 3. ESTABLISHMENT OF TELEVISION VIOLENCE RATING CODE.

Section 303 of the Communications Act of 1934 (47 U.S.C. 303) is
amended by adding at the end the following:
''(v) Prescribe, in consultation with television broadcasters,
cable operators, appropriate public interest groups, and interested
individuals from the private sector, rules for rating the level of
violence in television programming, including rules for the
transmission by television broadcast systems and cable systems of
signals containing specifications for blocking violent programming.''.

SEC. 4. REQUIREMENT FOR MANUFACTURE OF TELEVISIONS THAT BLOCK PROGRAMS.

Section 303 of the Communications Act of 1934 (47 U.S.C. 303), as
amended by section 3, is further amended by adding at the end the
following:
''(w) Require, in the case of apparatus designed to receive
television signals that are manufactured in the United States or
imported for use in the United States and that have a picture screen 13
inches or greater in size (measured diagonally), that such apparatus--
''(1) be equipped with circuitry designed to enable viewers
to block the display of channels, programs, and time slots; and
''(2) enable viewers to block display of all programs with
a common rating.''.

SEC. 5. SHIPPING OR IMPORTING OF TELEVISIONS THAT BLOCK PROGRAMS.

(a) Regulations.--Section 330 of the Communications Act of 1934 (47
U.S.C. 330) is amended--
(1) by redesignating subsection (c) as subsection (d); and
(2) by adding after subsection (b) the following new
subsection (c):
''(c)(1) Except as provided in paragraph (2), no person shall ship
in interstate commerce, manufacture, assemble, or import from any
foreign country into the United States any apparatus described in
section 303(w) of this Act except in accordance with rules prescribed
by the Commission pursuant to the authority granted by that section.
''(2) This subsection shall not apply to carriers transporting
apparatus referred to in paragraph (1) without trading it.
''(3) The rules prescribed by the Commission under this subsection
shall provide performance standards for blocking technology. Such rules
shall require that all such apparatus be able to receive the rating
signals which have been transmitted by way of line 21 of the vertical
blanking interval and which conform to the signal and blocking
specifications established by the Commission.
''(4) As new video technology is developed, the Commission shall
take such action as the Commission determines appropriate to ensure
that blocking service continues to be available to consumers.''.
(b) Conforming Amendment.--Section 330(d) of such Act, as
redesignated by subsection (a)(1), is amended by striking ''section
303(s), and section 303(u)'' and inserting in lieu thereof ''and
sections 303(s), 303(u), and 303(w)''.

SEC. 6. ELIMINATION OF VIOLENT PROGRAMMING ON TELEVISION DURING CERTAIN
HOURS.

Title I of the Children's Television Act of 1990 (47 U.S.C. 303a et
seq.) is amended by adding at the end the following:

''prohibition on violent programming

''Sec. 105. (a) The Commission shall, within 30 days of the date of
the enactment of this Act, initiate a rule-making proceeding to
prescribe a prohibition on the broadcast on commercial television and
by public telecommunications entities, including the broadcast by cable
operators, from the hours of 6 a.m. to 10 p.m., inclusive, of
programming that contains gratuitous violence.
''(b) As used in this section:
''(1) The term 'cable operator' has the meaning given such
term in section 602 of the Communications Act of 1934 (47
U.S.C. 522).
''(2) The term 'programming' includes advertisements but
does not include bona fide newscasts, bona fide news
interviews, bona fide news documentaries, and on-the-spot
coverage of bona fide news events.
''(3) The term 'public telecommunications entity' has the
meaning given such term in section 397(12) of the
Communications Act of 1934 (47 U.S.C. 397(12)).''.

SEC. 7. BROADCAST ON TELEVISION AND CABLE OF EDUCATIONAL AND
INFORMATIONAL PROGRAMMING FOR CHILDREN.

(a) Broadcast Television.--Section 309 of the Communications Act of
1934 (47 U.S.C. 309) is amended by adding at the end the following:
''(k) Educational and Information Programming for Children.--In
granting an application for a license for a television broadcasting
station (including an application for renewal of such a license), the
Commission shall impose such conditions upon the applicant as the
Commission requires in order to ensure that the applicant complies
under the license with the standards for children's television
programming established under section 102 of the Children's Television
Act of 1990 (47 U.S.C. 303a) and otherwise serves the educational and
informational needs of children through its overall programming.''.
(b) Cable Service.--Part III of title VI of the Communications Act
of 1934 (47 U.S.C. 541 et seq.) is amended by adding at the end the
following:

''educational and information programming for children

''Sec. 629. A franchise, including the renewal of a franchise, may
not be awarded under this part unless the cable operator to be awarded
the franchise agrees to comply with the standards for children's
television programming established under section 102 of the Children's
Television Act of 1990 (47 U.S.C. 303a) and to otherwise serve the
educational and informational needs of children in the provision of
cable service under the franchise.''.

Output: Childrens' Media Protection Act of 1995 - Amends the Communications Act of 1934 to direct the Federal Communications Commission (FCC) to: (1) prescribe rules for the rating of violence levels in television programming, including rules for the transmission of signals containing specifications for blocking violent programming; and (2) require television sets with picture screens of 13 inches or more to be equipped with blocking circuitry and enable viewers to block display of all programs with a common rating. Prohibits any person from shipping, manufacturing, assembling, or importing any television not so equipped. Requires performance standards for blocking technology.
(Sec. 6) Directs the FCC to initiate a rulemaking proceeding to prescribe a prohibition on the broadcast on commercial television and any public telecommunications entities between six o'clock a.m. and ten o'clock p.m., inclusively, of programming that contains gratuitous violence.
(Sec. 7) Directs the FCC, in granting an application for a television broadcast license, to impose conditions which ensure that the applicant complies with the standards for children's television programming as established under the Children's Television Act of 1990 and otherwise serves the educational and informational needs of children through its overall programming. Prohibits a cable franchise award or renewal unless the cable operator complies with such standards.

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Student Non-Discrimination Act of
2011''.

SEC. 2. FINDINGS AND PURPOSES.

(a) Findings.--The Congress finds the following:
(1) Public school students who are lesbian, gay, bisexual
or transgender (LGBT), or are perceived to be LGBT, or who
associate with LGBT people, have been and are subjected to
pervasive discrimination, including harassment, bullying,
intimidation and violence, and have been deprived of equal
educational opportunities, in schools in every part of our
Nation.
(2) While discrimination, including harassment, bullying,
intimidation and violence, of any kind is harmful to students
and to our education system, actions that target students based
on sexual orientation or gender identity represent a distinct
and especially severe problem.
(3) Numerous social science studies demonstrate that
discrimination, including harassment, bullying, intimidation
and violence, at school has contributed to high rates of
absenteeism, dropout, adverse health consequences, and academic
underachievement among LGBT youth.
(4) When left unchecked, discrimination, including
harassment, bullying, intimidation and violence, in schools
based on sexual orientation or gender identity can lead, and
has lead to, life-threatening violence and to suicide.
(5) Public school students enjoy a variety of
constitutional rights, including rights to equal protection,
privacy, and free expression, which are infringed when school
officials engage in discriminatory treatment or are indifferent
to discrimination, including harassment, bullying, intimidation
and violence, on the basis of sexual orientation or gender
identity.
(6) While Federal statutory protections expressly address
discrimination on the basis of race, color, sex, religion,
disability, and national origin, Federal civil rights statutes
do not expressly include ''sexual orientation'' or ''gender
identity''. As a result, students and parents have often had
limited legal recourse to redress for discrimination on the
basis of sexual orientation or gender identity.
(b) Purposes.--The purposes of this Act are--
(1) to ensure that all students have access to public
education in a safe environment free from discrimination,
including harassment, bullying, intimidation and violence, on
the basis of sexual orientation or gender identity;
(2) to provide a comprehensive Federal prohibition of
discrimination in public schools based on actual or perceived
sexual orientation or gender identity;
(3) to provide meaningful and effective remedies for
discrimination in public schools based on actual or perceived
sexual orientation or gender identity;
(4) to invoke congressional powers, including but not
limited to the power to enforce the 14th Amendment to the
Constitution and to provide for the general welfare pursuant to
section 8 of article I of the Constitution and the power to
enact all laws necessary and proper for the execution of the
foregoing powers pursuant to section 8 of article I of the
Constitution, in order to prohibit discrimination in public
schools on the basis of sexual orientation or gender identity;
and
(5) to allow the Department of Education to effectively
combat discrimination based on sexual orientation or gender
identity in public schools through regulation and enforcement,
as the Department has issued regulations under and enforced
title IX of the Education Amendments of 1972 and other
nondiscrimination laws in a manner that effectively addresses
discrimination.

SEC. 3. DEFINITIONS.

For purposes of this Act:
(1) Program or activity.--The terms ''program or activity''
and ''program'' have same meanings given such terms as applied
under section 606 of the Civil Rights Act of 1964 (42 U.S.C.
2000d-4a) to the operations of public entities under paragraph
(2)(B) of such section.
(2) Gender identity.--The term ''gender identity'' means
the gender-related identity, appearance, or mannerisms or other
gender-related characteristics of an individual, with or
without regard to the individual's designated sex at birth.
(3) Harassment.--The term ''harassment'' means conduct that
is sufficiently severe, persistent, or pervasive to limit a
student's ability to participate in or benefit from a public
school education program or activity, or to create a hostile or
abusive educational environment at a public school, including
acts of verbal, nonverbal, or physical aggression,
intimidation, or hostility, if such conduct is based on--
(A) a student's actual or perceived sexual
orientation or gender identity; or
(B) the actual or perceived sexual orientation or
gender identity of a person or persons with whom a
student associates or has associated.
(4) Public schools.--The term ''public schools'' means
public elementary and secondary schools, including local
educational agencies, educational service agencies, and State
educational agencies, as defined in section 9101 of the
Elementary and Secondary Education Act of 1965.
(5) Sexual orientation.--The term ''sexual orientation''
means homosexuality, heterosexuality, or bisexuality.
(6) Student.--The term ''student'' means an individual who
is enrolled in a public school or who, regardless of official
enrollment status, attends classes or participates in a public
school's programs or educational activities.

SEC. 4. PROHIBITION AGAINST DISCRIMINATION; EXCEPTIONS.

(a) In General.--No student shall, on the basis of actual or
perceived sexual orientation or gender identity of such individual or
of a person with whom the student associates or has associated, be
excluded from participation in, or be denied the benefits of, or be
subjected to discrimination under any program or activity receiving
Federal financial assistance.
(b) Harassment.--For purposes of this Act, discrimination includes,
but is not limited to, harassment of a student on the basis of actual
or perceived sexual orientation or gender identity of such student or
of a person with whom the student associates or has associated.
(c) Retaliation Prohibited.--
(1) Prohibition.--No person shall be excluded from
participation in, be denied the benefits of, or be subjected to
discrimination, retaliation, or reprisal under any program or
activity receiving Federal financial assistance based on his or
her opposition to conduct made unlawful by this Act.
(2) Definition.--For purposes of this subsection,
''opposition to conduct made unlawful by this Act'' includes,
but is not limited to--
(A) opposition to conduct reasonably believed to be
made unlawful by this Act,
(B) any formal or informal report, whether oral or
written, to any governmental entity, including public
schools and employees thereof, regarding conduct made
unlawful by this Act or reasonably believed to be made
unlawful by this Act,
(C) participation in any investigation, proceeding,
or hearing related to conduct made unlawful by this Act
or reasonably believed to be made unlawful by this Act,
and
(D) assistance or encouragement provided to any
other person in the exercise or enjoyment of any right
granted or protected by this Act,
if in the course of that expression, the person involved does
not purposefully provide information known to be false to any
public school or other governmental entity regarding a
violation, or alleged violation, of this Act.

SEC. 5. FEDERAL ADMINISTRATIVE ENFORCEMENT; REPORT TO CONGRESSIONAL
COMMITTEES.

Each Federal department and agency which is empowered to extend
Federal financial assistance to any education program or activity, by
way of grant, loan, or contract other than a contract of insurance or
guaranty, is authorized and directed to effectuate the provisions of
section 4 of this Act with respect to such program or activity by
issuing rules, regulations, or orders of general applicability which
shall be consistent with achievement of the objectives of the Act
authorizing the financial assistance in connection with which the
action is taken. No such rule, regulation, or order shall become
effective unless and until approved by the President. Compliance with
any requirement adopted pursuant to this section may be effected--
(1) by the termination of or refusal to grant or to
continue assistance under such program or activity to any
recipient as to whom there has been an express finding on the
record, after opportunity for hearing, of a failure to comply
with such requirement, but such termination or refusal shall be
limited to the particular political entity, or part thereof, or
other recipient as to whom such a finding has been made, and
shall be limited in its effect to the particular program, or
part thereof, in which such noncompliance has been so found, or
(2) by any other means authorized by law,
except that no such action shall be taken until the department or
agency concerned has advised the appropriate person or persons of the
failure to comply with the requirement and has determined that
compliance cannot be secured by voluntary means. In the case of any
action terminating, or refusing to grant or continue, assistance
because of failure to comply with a requirement imposed pursuant to
this section, the head of the Federal department or agency shall file
with the committees of the House and Senate having legislative
jurisdiction over the program or activity involved a full written
report of the circumstances and the grounds for such action. No such
action shall become effective until 30 days have elapsed after the
filing of such report.

SEC. 6. CAUSE OF ACTION.

(a) Cause of Action.--Subject to subsection (c) of this section, an
aggrieved individual may assert a violation of this Act in a judicial
proceeding. Aggrieved persons may be awarded all appropriate relief,
including but not limited to equitable relief, compensatory damages,
cost of the action, and remedial action.
(b) Rule of Construction.--This section shall not be construed to
preclude an aggrieved individual from obtaining other remedies under
any other provision of law or to require such individual to exhaust any
administrative complaint process or notice-of-claim requirement before
seeking redress under this section.
(c) Statute of Limitations.--For actions brought pursuant to this
section, the statute of limitations period shall be determined in
accordance with section 1658(a) of title 28 of the United States Code.
The tolling of any such limitations period shall be determined in
accordance with the law governing actions under section 1979 of the
Revised Statutes (42 U.S.C. 1983) in the forum State.

SEC. 7. STATE IMMUNITY.

(a) State Immunity.--A State shall not be immune under the 11th
Amendment to the Constitution of the United States from suit in Federal
court for a violation of this Act.
(b) Waiver.--A State's receipt or use of Federal financial
assistance for any program or activity of a State shall constitute a
waiver of sovereign immunity, under the 11th Amendment to the
Constitution or otherwise, to a suit brought by an aggrieved individual
for a violation of section 4 of this Act.
(c) Remedies.--In a suit against a State for a violation of this
Act, remedies (including remedies both at law and in equity) are
available for such a violation to the same extent as such remedies are
available for such a violation in the suit against any public or
private entity other than a State.

SEC. 8. ATTORNEY'S FEES.

Section 722(b) of the Revised Statutes (42 U.S.C. 1988(b)) is
amended by inserting ''the Student Nondiscrimination Act of 2011,''
after ''Religious Land Use and Institutionalized Persons Act of
2000,''.

SEC. 9. EFFECT ON OTHER LAWS.

(a) Federal and State Nondiscrimination Laws.--Nothing in this Act
shall be construed to preempt, invalidate, or limit rights, remedies,
procedures, or legal standards available to victims of discrimination
or retaliation under any other Federal law or law of a State or
political subdivision of a State, including title VI of the Civil
Rights Act of 1964 (42 U.S.C. 2000d et seq.), title IX of the Education
Amendments of 1972 (20 U.S.C. 1681 et seq.), section 504 of the
Rehabilitation Act of 1973 (29 U.S.C. 794), the Americans with
Disabilities Act of 1990 (42 U.S.C. 12101 et seq.), or section 1979 of
the Revised Statutes (42 U.S.C. 1983). The obligations imposed by this
Act are in addition to those imposed by title IX of the Education
Amendments of 1972 (20 U.S.C. 1681 et seq.), title VI of the Civil
Rights Act of 1964 (42 U.S.C. 2000d et seq.), and the Americans with
Disabilities Act of 1990 (42 U.S.C. 12101 et seq.).
(b) Free Speech and Expression Laws and Religious Student Groups.--
Nothing in this Act shall be construed to alter legal standards
regarding, or affect the rights available to individuals or groups
under, other Federal laws that establish protections for freedom of
speech and expression, such as legal standards and rights available to
religious and other student groups under the 1st Amendment to the
Constitution and the Equal Access Act (20 U.S.C. 4071 et seq.).

SEC. 10. SEVERABILITY.

If any provision of this Act, or any application of such provision
to any person or circumstance, is held to be unconstitutional, the
remainder of this Act, and the application of the provision to any
other person or circumstance shall not be affected.

SEC. 11. EFFECTIVE DATE.

This Act shall take effect 60 days after the date of the enactment
of this Act and shall not apply to conduct occurring before the
effective date of this Act.

Output: Student Non-Discrimination Act of 2011 - Prohibits public school students from being excluded from participating in, or subject to discrimination under, any federally-assisted educational program on the basis of their actual or perceived sexual orientation or gender identity or that of their associates.

Considers harassment to be a form of discrimination.

Prohibits retaliation against anyone for opposing conduct they reasonably believe to be unlawful under this Act.

Authorizes federal departments and agencies to enforce these prohibitions by cutting off the educational assistance of recipients found to be violating them.

Allows an aggrieved individual to assert a violation of this Act in a judicial proceeding and recover reasonable attorney's fees should they prevail.

Deems a state's receipt of federal educational assistance for a program to constitute a waiver of sovereign immunity for conduct prohibited under this Act regarding such program.

Input: Consider Input: 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.
Output: 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.