Summary:
Brokaw Act

This bill directs the Securities and Exchange Commission (SEC) to amend specified regulations to reflect a revision the bill makes to the Securities Exchange Act of 1934 reducing from 10 to 2 business days the deadline for disclosing to the SEC any acquisition of a direct or indirect short interest in an equity security of a certain kind of voting class that results in a direct or indirect short interest representing more than 5% of that class.

The mandatory disclosures of short interests shall apply to:

 any class of equity security which must be registered, certain equity securities of an insurance company, and any equity security issued by a closed-end investment company registered under the Investment Company Act of 1940. The bill deems a person as having a "short interest in a security" if the person has the opportunity, either directly or indirectly, to profit from, or share in any profit derived from any decrease in the value of the security (including a derivative instrument, or a performance-related fee).

The bill deems a person to have a short interest in a security if the person creates or uses certain instruments, including a trust, proxy, power of attorney, pooling arrangement, or any other contract, arrangement, or device, to divest the person of a short interest in a security or to prevent the vesting of a short interest as part of a plan to evade the reporting requirements of the Act.

The bill declares that, with specified exceptions, in calculating the number of shares in which a person has a short interest, regardless of the form of the short interest, all securities of the same class shall be aggregated.

act bill directs securities_and_exchange_commission sec amend specified regulations reflect revision bill makes securities_exchange_act reducing business days deadline disclosing sec acquisition direct indirect short interest equity security certain kind voting class results direct indirect short interest representing class mandatory disclosures short interests shall apply class equity security registered certain equity securities insurance company equity security issued closed end investment company registered investment company act bill deems person having short interest security person opportunity directly indirectly profit share profit derived decrease value security including derivative instrument performance related fee bill deems person short interest security person creates uses certain instruments including trust proxy power attorney pooling arrangement contract arrangement device divest person short interest security prevent vesting short interest plan evade reporting requirements act bill declares specified exceptions calculating number shares person short interest regardless form short interest securities class shall aggregated


Summary:
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Commodity End-User Relief Act

TITLE I--CONSUMER PROTECTION

(Sec. 101) This bill amends the Commodity Exchange Act to direct each registered futures association (RFA) to submit to the Commodity Futures Trading Commission (CFTC) rules that require each association member that is a futures commission merchant (FCM) to maintain written policies and procedures regarding the maintenance of, as well as govern the member's withdrawal, transfer, or disbursement of:

 the member's residual interest in any of its customer segregated funds, and in any of its foreign futures and foreign options customer secured amount funds; and the member's residual interest in any cleared swaps customer collateral belonging to the member. (Sec. 102) Each RFA shall also submit to the CFTC rules requiring each association member that is a FCM to:

 use an electronic system or systems to report financial and operational information to the RFA (or another designated party); instruct each depository holding customer segregated funds, foreign futures and foreign options customer secured amount funds, or cleared swaps customer collateral to report balances in those accounts to the RFA (or other designated party) in the form, manner, and interval prescribed by the RFA; and hold those funds in a depository that reports their balances to the RFA (or other designated party) in the same RFA-prescribed form, manner, and interval. (Sec. 103) Any FCM that has adjusted net capital in an amount less than the amount required by the CFTC or a self-regulatory organization of which the FCM is a member shall immediately notify the CFTC and the self-regulatory organization of that occurrence.

If the FCM does not hold a sufficient amount of funds in segregated accounts for futures customers, in foreign futures and foreign options secured amount accounts for foreign futures and foreign options secured amount customers, or in segregated accounts for cleared swap customers, as required by CFTC or self-regulatory organization regulations, it shall notify the CFTC and the self-regulatory organization immediately of that situation.

(Sec. 104) The bill declares that any rules or regulations requiring an FCM to maintain a residual interest in accounts held for the benefit of customers in amounts at least sufficient to exceed the sum of all of the customers' uncollected margin deficits shall require that an FCM meet the residual interest requirement as of the end of each business day calculated as of the close of business on the previous business day.

(Sec. 105) The bill authorizes the CFTC, regarding a commodity broker that is a debtor under chapter 7 (Liquidation) of the federal bankruptcy code, to require that cash, securities, or other property of the broker's estate, including trading or operating accounts as well as commodities the broker holds in inventory, be included in customer property, subject to any otherwise unavoidable security interest, or otherwise unavoidable contractual offset or netting rights of creditors (including rights set forth in a rule or bylaw of a derivatives clearing organization or a securities clearing agency) in respect of the property, but only to the extent that the customer property is insufficient to satisfy the net equity claims of the commodity broker's public customers.

TITLE II--COMMODITY FUTURES TRADING COMMISSION REFORMS

(Sec. 201)The bill reauthorizes the Act and the CFTC through FY2019.

(Sec. 202) The CFTC may exempt any swap from specified requirements for futures trading transactions.

The bill also repeals the ban against exempting agreements, contracts, or transactions, or swaps (and so permitting their exemption) from certain requirements and prohibitions of the Wall Street Transparency and Accountability Act of 2010, the Gramm-Leach-Bliley Act, or the Dodd-Frank Wall Street Reform and Consumer Protection Act.

(Sec. 203) The CFTC shall not be considered to have waived any privilege (including any work-product privilege, attorney-client privilege, governmental privilege, or other privilege recognized under federal, state, or foreign law) by transferring information to, or permitting that information to be used by, the CFTC in accordance with specified existing requirements. Nor shall specified entities be considered to have waived any privilege by transferring information to, or permitting information to be used by, the CFTC.

The CFTC shall not be compelled to disclose privileged information obtained from any foreign futures authority, or foreign law enforcement authority, if the authority has in good faith determined and represented to the CFTC that the information is privileged.

(Sec. 204) The bill authorizes any person adversely affected by a CFTC rule to obtain judicial review of the rule in the U.S. Court of Appeals for the District of Columbia Circuit or the U.S. Court of Appeals for the circuit where the party resides or has the principal place of business.

(Sec. 205) The CFTC must: (1) report to specified congressional committees on the status of its review of any application submitted by a metals exchange to register as a foreign board of trade, and (2) take action on any such application by the end of FY2017.

(Sec. 206) The bill addresses:

 one meaning of "financial entity" as a person predominantly engaged in activities that are in the business of banking, or in activities that are financial in nature; and the exemption of a person that is not a financial entity from the general requirement to submit a swap for clearing to a registered derivatives clearing organization or a derivatives clearing organization exempt from registration. The CFTC shall promulgate regulations defining the term "predominantly engaged" for these purposes to provide that an entity will not be considered to be predominantly engaged in activities that are in the business of banking or financial in nature if its consolidated revenues derived from such activities (excluding revenues that are, or result from, transactions used to hedge or mitigate commercial risk) constitute less than 85% of its total consolidated revenues. (Such an entity would then become exempt from the swap clearing requirement.)

(Sec. 207) The public interest exemption from futures trading and foreign transactions regulations of certain agreements, contracts, or transactions entered into pursuant to an approved or permitted tariff or rate schedule must include an exemption from civil liability, especially to private rights of action.

TITLE III--END-USER RELIEF

Sec. 301. A "utility special entity" shall mean a special entity, or any instrumentality, department, or corporation of or established by a state or local government, that:

 owns or operates, or anticipates owning or operating, an electric or natural gas facility or an electric or natural gas operation; supplies, or anticipates supplying, natural gas and or electric energy to another utility special entity; has, or anticipates having, public service obligations under federal, state, or local law (including regulations) to deliver electric energy or natural gas service to customers; or is a federal power marketing agency A "utility operations-related swap" shall mean a swap entered into by a utility to hedge or mitigate a commercial risk, but which is not a contract, agreement, or transaction based on, derived on, or referencing:

 an interest rate, credit, equity, or currency asset class; (except as used for fuel for electric energy generation) a metal, agricultural commodity, or crude oil or gasoline commodity of any grade; or any other commodity or category of commodities identified for this purpose in a CFTC rule or order adopted in consultation with the appropriate federal and state regulatory commissions. A "utility operations-related swap" must also be associated with:

 the generation, production, purchase, or sale of natural gas or electric energy, the supply of natural gas or electric energy to a utility, or the delivery of natural gas or electric energy service to utility customers; fuel supply for the facilities or operations of a utility; compliance with an electric system reliability obligation; compliance with an energy, energy efficiency, conservation, or renewable energy or environmental law, regulation, or government order applicable to a utility; or any other electric energy or natural gas swap to which a utility is a party. When deciding whether to exempt from designation as a swap dealer an entity that engages in a de minimis quantity of swap dealing in connection with transactions with or on behalf of its customers, the CFTC shall treat a utility operations-related swap entered into with a utility special entity as if the swap were entered into with an entity that is not a special entity to which specified requirements apply (e.g. a federal, state, or local agency, an employee benefit plan, a governmental plan, or a certain kind of endowment).

A swap dealer and/or a major swap participant shall report any transactions in any utility operations-related swaps in which they participate.

(Sec. 302) A member of a designated contract market or a swap execution facility that is not registered with the CFTC, and not required to be so registered in any capacity, shall satisfy the recordkeeping requirements of the Act, and any recordkeeping rule, order, or regulation under it, by maintaining a written record of each transaction in a contract for future delivery, option on a future, swap, swaption (option granting its owner the right but not the obligation to enter into an underlying swap), trade option, and related cash or forward transactions.

(Sec. 303) Swaps subject to the Act shall not include:

 any option in a nonfinancial commodity for which exercise is intended to result in a physical delivery obligation; and any advance by a Federal Home Loan Bank. (Sec. 304) The CFTC shall study the appropriate de minimis exemption level of swap dealing and, based on the information gathered, promulgate a regulation that sets an appropriate level.

(Sec. 305) When adopting rules for swap dealers and major swap participants regarding activities for which no prudential regulator is imposing capital and margin requirements on all swaps not cleared by a registered derivatives clearing organization, the CFTC must consult with the prudential regulators and the Securities and Exchange Commission (SEC).

To the extent that swap dealers and major swap participants that are banks are permitted to use financial models approved by the prudential regulators or the SEC to calculate minimum capital requirements and minimum initial and variation margin requirements, including the use of noncash collateral, the CFTC shall, in consultation with the prudential regulators and the SEC and to the maximum extent practicable, permit the use of comparable financial models by non-bank swap dealers and non-bank major swap participants.

(Sec. 306) The bill revises requirements for bona fide hedging transactions or positions exempt from specified limitations on the amount of positions that may be held by any person regarding contracts of sale for future delivery or options on the contracts or commodities traded on or subject to the rules of a designated contract market.

"Bona fide hedging transactions or positions" shall (currently, may) be defined to permit producers, purchasers, sellers, middlemen, and users of a commodity or a derivative product to hedge their legitimate anticipated business needs for that period of time into the future, as determined by the CFTC, for which an appropriate futures contract is open and available on an exchange.

Specified CFTC definitions of what constitutes a bona fide hedging transaction or position shall also apply to swaps that are economically equivalent to contracts of sale for future delivery or to options on the contracts or commodities traded on or subject to the rules of a designated contract market.

The CFTC may further define what constitutes a bona fide hedging transaction if the defining rule or regulation is consistent with the limitations and requirements for such sales and option contracts and economically equivalent contracts.

(Sec. 307) The bill excludes from designation and regulation as commodity pool operators any investment trusts, syndicates, or similar forms of enterprise excluded from the meaning of investment company under the Investment Company Act of 1940 (namely, qualified charitable organizations exempt from federal income tax under the Internal Revenue Code).

The bill also exempts such qualified charitable organizations which are commodity trading advisors from the prohibition against use of instrumentalities of interstate commerce by unregistered commodity trading advisors.

TITLE IV--TECHNICAL CORRECTIONS

(Sec. 401-417) The bill makes numerous technical corrections to the Act and to the Futures Trading Act of 1978.

measure amended introduced summary expanded action occurred measure commodity end user relief_act title consumer protection sec bill amends commodity_exchange_act direct registered futures association rfa submit commodity_futures_trading_commission cftc rules require association member futures commission merchant maintain written policies procedures maintenance govern member withdrawal transfer disbursement member residual interest customer segregated funds foreign futures foreign options customer secured funds member residual interest cleared swaps customer collateral belonging member sec rfa shall submit cftc rules requiring association member use electronic system systems report financial operational information rfa designated party instruct depository holding customer segregated funds foreign futures foreign options customer secured funds cleared swaps customer collateral report balances accounts rfa designated party form manner interval prescribed rfa hold funds depository reports balances rfa designated party rfa prescribed form manner interval sec adjusted net capital required cftc self regulatory organization member shall immediately notify cftc self regulatory organization occurrence hold sufficient funds segregated accounts futures customers foreign futures foreign options secured accounts foreign futures foreign options secured customers segregated accounts cleared swap customers required cftc self regulatory organization regulations shall notify cftc self regulatory organization immediately situation sec bill declares rules regulations requiring maintain residual interest accounts held benefit customers amounts sufficient exceed sum customers margin deficits shall require meet residual interest requirement end business day calculated close business previous business day sec bill authorizes cftc commodity broker debtor chapter liquidation federal bankruptcy code require cash securities property broker estate including trading operating accounts commodities broker holds inventory included customer property subject unavoidable security interest unavoidable contractual offset rights creditors including rights set forth rule derivatives clearing organization securities clearing agency respect property extent customer property insufficient satisfy net equity claims commodity broker public customers title commodity_futures_trading_commission reforms sec bill reauthorizes act cftc fy2019 sec cftc exempt swap specified requirements futures trading transactions bill repeals ban exempting agreements contracts transactions swaps permitting exemption certain requirements prohibitions wall street transparency accountability_act gramm leach bliley act dodd-frank_wall_street_reform consumer protection act sec cftc shall considered waived privilege including work product privilege attorney client privilege governmental privilege privilege recognized federal state foreign law transferring information permitting information cftc accordance specified existing requirements shall specified entities considered waived privilege transferring information permitting information cftc cftc shall compelled disclose privileged information obtained foreign futures authority foreign law enforcement authority authority good faith determined represented cftc information privileged sec bill authorizes person adversely affected cftc rule obtain judicial review rule court_of_appeals district_of_columbia circuit court_of_appeals circuit party resides principal place business sec cftc report specified congressional committees status review application submitted metals exchange register foreign board trade action application end fy2017 sec bill addresses meaning financial entity person predominantly engaged activities business banking activities financial nature exemption person financial entity general requirement submit swap clearing registered derivatives clearing organization derivatives clearing organization exempt registration cftc shall promulgate regulations defining term predominantly engaged purposes provide entity considered predominantly engaged activities business banking financial nature consolidated revenues derived activities excluding revenues result transactions hedge mitigate commercial risk constitute total consolidated revenues entity exempt swap clearing requirement sec public interest exemption futures trading foreign transactions regulations certain agreements contracts transactions entered pursuant approved permitted tariff rate schedule include exemption civil liability especially private rights action title iii end user relief sec utility special entity shall mean special entity instrumentality department corporation established state local government owns operates owning operating electric natural gas facility electric natural gas operation supplies supplying natural gas electric energy utility special entity having public service obligations federal state local law including regulations deliver electric energy natural gas service customers federal power marketing agency utility operations related swap shall mean swap entered utility hedge mitigate commercial risk contract agreement transaction based derived referencing interest rate credit equity currency asset class fuel electric energy generation metal agricultural commodity crude oil gasoline commodity grade commodity category commodities identified purpose cftc rule order adopted consultation appropriate federal state regulatory commissions utility operations related swap associated generation production purchase sale natural gas electric energy supply natural gas electric energy utility delivery natural gas electric energy service utility customers fuel supply facilities operations utility compliance electric system reliability obligation compliance energy energy efficiency conservation renewable energy environmental law regulation government order applicable utility electric energy natural gas swap utility party deciding exempt designation swap dealer entity engages minimis quantity swap dealing connection transactions behalf customers cftc shall treat utility operations related swap entered utility special entity swap entered entity special entity specified requirements apply federal state local agency employee benefit plan governmental plan certain kind endowment swap dealer major swap participant shall report transactions utility operations related swaps participate sec member designated contract market swap execution facility registered cftc required registered capacity shall satisfy recordkeeping requirements act recordkeeping rule order regulation maintaining written record transaction contract future delivery option future swap option granting owner right obligation enter underlying swap trade option related cash forward transactions sec swaps subject act shall include option nonfinancial commodity exercise intended result physical delivery obligation advance federal_home_loan_bank sec cftc shall study appropriate minimis exemption level swap dealing based information gathered promulgate regulation sets appropriate level sec adopting rules swap dealers major swap participants activities prudential regulator imposing capital margin requirements swaps cleared registered derivatives clearing organization cftc consult prudential regulators securities_and_exchange_commission sec extent swap dealers major swap participants banks permitted use financial models approved prudential regulators sec calculate minimum capital requirements minimum initial variation margin requirements including use collateral cftc shall consultation prudential regulators sec maximum extent practicable permit use comparable financial models non bank swap dealers non bank major swap participants sec bill revises requirements bona fide hedging transactions positions exempt specified limitations positions held person contracts sale future delivery options contracts commodities traded subject rules designated contract market bona fide hedging transactions positions shall currently defined permit producers purchasers sellers users commodity derivative product hedge legitimate anticipated business needs period time future determined cftc appropriate futures contract open available exchange specified cftc definitions constitutes bona fide hedging transaction position shall apply swaps economically equivalent contracts sale future delivery options contracts commodities traded subject rules designated contract market cftc define constitutes bona fide hedging transaction defining rule regulation consistent limitations requirements sales option contracts economically equivalent contracts sec bill excludes designation regulation commodity pool operators investment trusts similar forms enterprise excluded meaning investment company investment company act qualified charitable organizations exempt federal income tax internal_revenue_code bill exempts qualified charitable organizations commodity trading advisors prohibition use instrumentalities interstate commerce unregistered commodity trading advisors title technical corrections sec bill makes numerous technical corrections act futures trading act


Summary:
Fair Access to Investment Research Act of 2016

This bill directs the Securities and Exchange Commission (SEC) to revise a specified regulation to create a safe harbor for certain publications or distributions of research reports by brokers or dealers distributing securities.

The revised regulation shall declare that a published or distributed investment fund research report shall not be deemed to constitute an offer for sale or an offer to sell a security that is the subject of the offering pursuant to an effective registration statement, even if the broker or dealer is participating or will participate in the registered offering of the covered investment fund's securities.

The covered investment fund research report shall indeed be deemed to satisfy the regulation's requirements as well as those of any self-regulatory organization.

The SEC shall not impose specified conditions and requirements when implementing the safe harbor.

Until the SEC has adopted such safe harbor revisions, and the Financial Industry Regulatory Authority (FINRA) has revised a related rule, a covered investment fund shall be deemed to be a security listed on a national securities exchange that is not subject to a certain filing requirement of the Investment Company Act of 1940.

fair access investment research_act bill directs securities_and_exchange_commission sec revise specified regulation create safe harbor certain publications distributions research reports brokers dealers distributing securities revised regulation shall declare published distributed investment fund research report shall deemed constitute offer sale offer sell security subject offering pursuant effective registration statement broker dealer participating participate registered offering covered investment fund securities covered investment fund research report shall deemed satisfy regulation requirements self regulatory organization sec shall impose specified conditions requirements implementing safe harbor sec adopted safe harbor revisions financial_industry_regulatory_authority finra revised related rule covered investment fund shall deemed security listed national securities exchange subject certain filing requirement investment company act


Summary:
Derivatives Oversight and Taxpayer Protection Act

This bill amends the Commodity Exchange Act (CEA) to require the Commodity Futures Trading Commission (CFTC) to collect fees to recover the costs of its regulatory services and its annual appropriation from Congress.

The bill increases penalties for CEA violations, removes the Department of the Treasury's authority to exempt foreign exchange swaps or forwards from CFTC regulation, and requires collection of margin on inter-affiliate swaps.

Swaps requirements enacted by the Wall Street Transparency and Accountability Act of 2010 that ordinarily do not apply to activities outside the United States are made applicable to swaps transactions in which a financial entity domiciled or organized in the United States bears swaps-related risks. But the CFTC may allow a swaps transaction involving a subsidiary entity that is majority owned or controlled by a financial entity domiciled or organized in the United States to be conducted under a foreign jurisdiction's rules and oversight if the foreign rules are no less stringent than U.S. rules.

The CFTC must: (1) make data concerning swap data repository registrations available to other financial regulatory agencies, and (2) revoke the license of swap dealers that the CFTC and the Securities and Exchange Commission have found are not providing accurate data in standardized formats that allow aggregated analysis by regulators.

The bill repeals a safe harbor provision under federal bankruptcy law that protects a contractual right to liquidate the amount due on a swap agreement because of a debtor's bankruptcy case. The removal of this safe harbor subjects swap agreements to the regular bankruptcy procedures that automatically stay claims against a debtor.

The bill amends the Financial Stability Act of 2010 to require Federal Reserve Board (FRB) risk-based capital requirements and leverage limits for nonbank financial companies supervised by the FRB and bank holding companies with total consolidated assets of $50 billion or more to include the fair value and potential future exposure of derivatives exposures, without recognizing the benefits of netting arrangements. Exceptions are provided for certain formal netting agreements with counterparties or with clearing organizations that meet financial standards approved by the FRB and the Federal Deposit Insurance Corporation (FDIC).

The CFTC, the Comptroller of the Currency, the FDIC, and the FRB must report on the ability of clearinghouses to endure systemic stress events.

derivatives oversight taxpayer protection act bill amends commodity_exchange_act cea require commodity_futures_trading_commission cftc collect fees recover costs regulatory services annual appropriation congress bill increases penalties cea violations removes department_of_the_treasury authority exempt foreign exchange swaps forwards cftc regulation requires collection margin inter affiliate swaps swaps requirements enacted wall street transparency accountability_act ordinarily apply activities outside united_states applicable swaps transactions financial entity domiciled organized united_states bears swaps related risks cftc allow swaps transaction involving subsidiary entity majority owned controlled financial entity domiciled organized united_states conducted foreign jurisdiction rules oversight foreign rules stringent rules cftc data concerning swap data repository registrations available financial regulatory agencies revoke license swap dealers cftc securities_and_exchange_commission found providing accurate data standardized formats allow aggregated analysis regulators bill repeals safe harbor provision federal bankruptcy law protects contractual right liquidate swap agreement debtor bankruptcy case removal safe harbor subjects swap agreements regular bankruptcy procedures automatically stay claims debtor bill amends financial stability act require federal_reserve_board risk based capital requirements leverage limits nonbank financial companies supervised bank holding companies total consolidated assets billion include fair value potential future exposure derivatives exposures recognizing benefits arrangements exceptions provided certain formal agreements counterparties clearing organizations meet financial standards approved federal_deposit_insurance_corporation fdic cftc comptroller_of_the_currency fdic report ability clearinghouses systemic stress events


Summary:
Commodity Checkoff Program Improvement Act of 2016

This bill establishes restrictions and requirements for checkoff programs, which are programs overseen by the Department of Agriculture (USDA) to promote and provide research and information for a particular agricultural commodity without reference to specific producers or brands.

The bill prohibits boards established to carry out a checkoff program or a USDA order issued under a checkoff program from entering into a contract or agreement to carry out program activities with a party that engages in activities to influence any government policy or action that relates to agriculture.

The bill also prohibits a board or its employees or agents acting in their official capacity from engaging in: (1) any act that involves a conflict of interest; and (2) any anticompetitive activity, unfair or deceptive act or practice, or any act that may be disparaging to another agricultural commodity or product.

The board must meet specified requirements regarding the publication of budgets and disbursements of funds.

The USDA Inspector General and the Government Accountability Office must conduct specified audits regarding checkoff programs.

commodity checkoff program improvement act bill establishes restrictions requirements checkoff programs programs overseen department_of_agriculture usda promote provide research information particular agricultural commodity reference specific producers bill prohibits boards established carry checkoff program usda order issued checkoff program entering contract agreement carry program activities party engages activities influence government policy action relates agriculture bill prohibits board employees agents acting official capacity engaging act involves conflict interest anticompetitive activity unfair deceptive act practice act agricultural commodity product board meet specified requirements publication budgets disbursements funds usda inspector_general government_accountability_office conduct specified audits checkoff programs


Summary:
Crowdfunding Enhancement Act

This bill amends the Securities Act of 1933 to allow a crowdfunding issuer to sell shares through a crowdfunding vehicle.

(Crowdfunding is a method of capital formation in which groups of people pool money, typically composed of small individual contributions, and often via Internet platforms, either to invest in a company or to support an effort by others to accomplish a specific goal.)

A "crowdfunding vehicle" is a company that:

 has purposes limited to acquiring, holding, and disposing securities issued by a single company in one or more transactions and made pursuant to crowdfunding exemption transaction requirements; issues only one class of securities; receives no compensation for such acquisition, holding, or disposition of securities; is a co-issuer with the company whose securities it holds; and meets specified requirements related to disclosure obligations and the use of investment advisers. The bill amends the Securities Exchange Act of 1934 to revise the conditions upon which the Securities and Exchange Commission (SEC) shall exempt securities issued in crowdfunding transactions from SEC registration requirements.

 Under current law, holders of crowdfunded shares do not count toward the shareholder threshold beyond which an issuer is required to register its securities with the SEC, provided that the issuer: (1) is current in its annual reporting obligations, (2) retains the services of a registered transfer agent, and (3) has less than $25 million in assets. The bill maintains this exemption but removes and replaces the conditions upon which it applies. Specifically, holders of crowdfunded shares shall not count toward the shareholder threshold if the issuer has: (1) a public float of less than $75 million, and (2) annual revenues of less than $50 million.

enhancement_act bill amends securities act allow issuer sell shares vehicle method capital formation groups people pool money typically composed small individual contributions internet platforms invest company support effort accomplish specific goal vehicle company purposes limited acquiring holding disposing securities issued single company transactions pursuant exemption transaction requirements issues class securities receives compensation acquisition holding disposition securities issuer company securities holds meets specified requirements related disclosure obligations use investment advisers bill amends securities_exchange_act revise conditions securities_and_exchange_commission sec shall exempt securities issued transactions sec registration requirements current law holders shares count shareholder threshold issuer required register securities sec provided issuer current annual reporting obligations retains services registered transfer agent million assets bill maintains exemption removes replaces conditions applies specifically holders shares shall count shareholder threshold issuer public million annual revenues million


Summary:
Securities and Exchange Commission Overpayment Credit Act

This bill instructs the Securities and Exchange Commission (SEC) to offset, by a prescribed amount, future fees and assessments due by a national securities exchange or a national securities association that has paid fees and assessments to the SEC in an amount exceeding the amount of transaction fees required under the Securities and Exchange Act of 1934 if, within 10 years of paying such excess amount, the exchange or association informs the SEC about payment of that amount.

securities_and_exchange_commission overpayment credit act bill instructs securities_and_exchange_commission sec offset prescribed future fees assessments national securities exchange national securities association paid fees assessments sec exceeding transaction fees required securities exchange act years paying excess exchange association informs sec payment


Summary: Revolutionary War and War of 1812 Battlefields Commemorative Coin Act of 2007 - Directs the Secretary of the Treasury to mint and issue five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins emblematic of the Revolutionary War and the War of 1812.

revolutionary war war commemorative coin act directs secretary treasury issue dollar gold coins dollar silver coins half dollar coins emblematic revolutionary war war


Summary: Authorizes the President to award a gold medal to each of the seven crew members who perished aboard the space shuttle Columbia: Rick D. Husband; Michael P. Anderson; Laurel Clark; David M. Brown; William C. McCool; Kapana Chawla; and Ilan Ramon.

authorizes president award gold medal seven crew members aboard space columbia husband michael clark david brown william


Summary: District of Columbia and United States Territories Circulating Quarter Dollar Program Act - (Sec. 2) Requires quarter dollar coins issued during 2009 to have designs on the reverse side which are emblematic of the District of Columbia and the territories. Authorizes the Secretary of the Treasury to issue during 2009 redesigned quarter dollars commemorating the District of Columbia and the U.S. Territories, including the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands. Requires the design on the reverse side of each quarter dollar issued during 2009 to be emblematic of one of the following: The District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands. Prohibits inclusion in the design of any quarter dollar any head and shoulders portrait or bust of any person, living or dead, including any portrait of a living person. Sets forth a timing and order of issuance in equal sequential intervals.

district_of_columbia united_states territories quarter dollar program act sec requires quarter dollar coins issued designs reverse emblematic district_of_columbia territories authorizes secretary treasury issue quarter dollars commemorating district_of_columbia territories including commonwealth_of_puerto_rico guam american_samoa united_states_virgin_islands commonwealth_of_the_northern_mariana_islands requires design reverse quarter dollar issued emblematic following district_of_columbia commonwealth_of_puerto_rico guam american_samoa united_states_virgin_islands commonwealth_of_the_northern_mariana_islands prohibits inclusion design quarter dollar head person living dead including living person sets forth timing order issuance equal sequential intervals


Summary: Alice Paul Women's Suffrage Congressional Gold Medal Act - Requires the Speaker of the House of Representatives and the President pro tempore of the Senate to make arrangements for the presentation of a congressional gold medal in commemoration of Alice Paul, to recognize her role in the women's suffrage movement and in advancing equal rights for women. Requires that the medal be presented jointly to representatives of the Alice Paul Institute and the Sewall-Belmont House, to be shared equally and displayed as appropriate. Authorizes the Secretary of the Treasury to strike and sell duplicates in bronze of such medal. Requires proceeds from the sale of such medals to be deposited into the U.S. Mint Public Enterprise Fund.

paul women congressional gold medal act_-_requires speaker house_of_representatives president pro tempore senate arrangements presentation congressional gold medal commemoration paul recognize role women movement advancing equal rights women requires medal presented jointly representatives paul institute house shared equally displayed appropriate authorizes secretary treasury strike sell duplicates bronze medal requires proceeds sale medals deposited public enterprise fund


Summary: Requires the metal content of the Medal of Honor, awarded by the President to members of the Armed Forces and Coast Guard, to be 90 percent gold and ten percent alloy.

requires metal content medal honor awarded president members armed_forces coast_guard percent gold percent alloy


Summary: Shirley Chisholm Congressional Gold Medal Act - Authorizes the posthumous award of a congressional gold medal in commemoration of Shirley Chisholm, in recognition of her activism, independence, and ground-breaking achievements in politics, her election as the first African-American woman in Congress, and her campaign to be the first African-American to gain the nomination of a major political party for President of the United States.

chisholm congressional gold medal act_-_authorizes posthumous award congressional gold medal commemoration chisholm recognition independence ground breaking achievements politics election african american woman congress campaign african american gain nomination major political party president united_states


Summary: American Veterans Disabled for Life Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue $1 silver coins emblematic of the service of our disabled veterans who, having survived the ordeal of war, made enormous personal sacrifices defending the principles of our democracy. Expresses the sense of Congress that, to the greatest extent possible, the coins should be struck at the U.S. Mint at West Point, New York. Limits the period for coin issuance to the calendar year beginning on January 1, 2010. Imposes a $10 surcharge per coin, to be distributed to the Disabled Veterans' LIFE Memorial Foundation for the purpose of establishing an endowment to support the construction of American Veterans' Disabled for Life Memorial in Washington, D.C. Prohibits a surcharge with respect to the issuance under this Act of any coin during a calendar year if, at the time of issuance, it would result in more than the statuory maximum of two commemorative coin programs per year.

american veterans disabled life commemorative coin act_-_directs secretary treasury issue silver coins emblematic service disabled veterans having survived war personal sacrifices defending principles democracy expresses sense congress greatest extent possible coins west point new_york limits period coin issuance calendar year beginning january imposes surcharge coin distributed disabled veterans life memorial foundation purpose establishing endowment support construction american veterans disabled life memorial washington prohibits surcharge respect issuance act coin calendar year time issuance result maximum commemorative coin programs year


Summary: Edward William Brooke III Congressional Gold Medal Act - Awards a congressional gold medal to Edward William Brooke III, the first African American elected by popular vote to the U.S. Senate, in recognition of his unprecedented and enduring service to our Nation.

edward william iii congressional gold medal act awards congressional gold medal edward william iii african american elected vote senate recognition enduring service nation


Summary: Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to arrange for the presentation of a congressional gold medal to Michael Ellis DeBakey, M.D. (who performed the first successful coronary bypass, pioneered the field of telemedicine, was elected the first President of Baylor College of Medicine, and received the Presidential Medal of Freedom with Distinction and the National Medal of Science) in recognition of his many outstanding contributions to the nation.

directs speaker house_of_representatives president pro tempore senate arrange presentation congressional gold medal michael performed successful bypass field telemedicine elected president college medicine received presidential medal freedom distinction national medal science recognition outstanding contributions nation


Summary: Provides for the presentation of a congressional gold medal to Tiger Woods in recognition of his service to the nation in promoting excellence and good sportsmanship and in breaking barriers with grace and dignity by showing that golf is a sport for all people.

provides presentation congressional gold medal tiger recognition service nation promoting excellence good breaking barriers grace dignity showing golf sport people


Summary: Stevie Wonder Congressional Gold Medal Act - Provides for the presentation of a congressional gold medal to Stevie Wonder in recognition of his ground-breaking musical achievements, activism, and contributions to the music industry.

congressional gold medal act provides presentation congressional gold medal recognition ground breaking musical achievements contributions music industry


Summary: Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to make appropriate arrangements for the posthumous presentation, on behalf of Congress, of a gold medal in recognition of Constantino Brumidi's contributions to the Nation as a designer and decorator of the U.S. Capitol. Requires the Architect of the Capitol to arrange for the gold medal to be displayed in the Capitol Visitor Center as part of an exhibit honoring Constantino Brumidi.

directs speaker house_of_representatives president pro tempore senate appropriate arrangements posthumous presentation behalf congress gold medal recognition contributions nation designer capitol requires architect capitol arrange gold medal displayed capitol visitor center exhibit honoring


Summary: Model T Ford Automobile Commemorative Coin Act - Instructs the Secretary of the Treasury to mint and issue, in commemoration of the 100th anniversary of the Model T Ford Automobile, up to 500,000 $1 coins emblematic of the Model T Ford and the assembly line. Subjects coin sales to a surcharge of $10 per coin. Requires specified distributions of surcharges to: (1) the Automobile National Heritage Area Partnership Inc. for creating an endowment for national Model T educational programs; and (2) the Edison Institute (also known as "The Henry Ford"), in Dearborn, Michigan, a National Historic Landmark, for creating an endowment for educational programs associated with the Model T Ford Automobile.

model automobile commemorative coin act instructs secretary treasury issue commemoration anniversary model automobile coins emblematic model assembly line subjects coin sales surcharge coin requires specified distributions surcharges automobile national heritage area partnership creating endowment national model educational programs institute known henry michigan national historic creating endowment educational programs associated model automobile


Summary: Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to make arrangements for the posthumous presentation, on behalf of Congress, of a single gold medal of appropriate design in honor of the passengers and crew members, collectively, on board United Airlines Flight 93 in recognition of their heroic service to the Nation. Requires the gold medal, after such award, to be given to the Flight 93 National Memorial located in Stonycreek Township, Somerset County, in Pennsylvania, to be displayed as appropriate and made available for research.

directs speaker house_of_representatives president pro tempore senate arrangements posthumous presentation behalf congress single gold medal appropriate design honor passengers crew members collectively board united airlines flight recognition service nation requires gold medal award given flight national memorial located township county pennsylvania displayed appropriate available research


Summary: William H. Frist Gift of Life Congressional Medal Act of 2007 - Directs the Secretary of the Treasury to design and strike a bronze medal to commemorate organ donors and their families. Requires the Secretary of Health and Human Services to direct the entity holding the Organ Procurement and Transplantation Network to contract to establish an application procedure and determine eligibility. Allows the Secretary of Health and Human Services or the Network contractor to provide duplicates of the medal to any recipient. Allows the Secretary of the Treasury to enter into an agreement with the Network contractor to collect funds to offset expenditures relating to the issuance of medals, which the Secretary shall deposit in the Numismatic Public Enterprise Fund.

william gift life congressional medal act directs secretary treasury design strike bronze medal commemorate organ donors families requires secretary health_and_human_services direct entity holding organ procurement transplantation network contract establish application procedure determine eligibility allows secretary health_and_human_services network contractor provide duplicates medal recipient allows secretary treasury enter agreement network contractor collect funds offset expenditures relating issuance medals secretary shall deposit public enterprise fund


Summary: Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to arrange for the presentation on behalf of Congress of a gold medal of appropriate design to Dr. Muhammad Yunus in recognition of his many enduring contributions to the fight against global poverty.

directs speaker house_of_representatives president pro tempore senate arrange presentation behalf congress gold medal appropriate design recognition enduring contributions fight global poverty


Summary: Catherine Skivers Currency for All Act - Amends the Federal Reserve Act to require each federal reserve note whose denomination is $50 or less to be trimmed in a prescribed manner so as to make the denomination recognizable to an individual who is blind.

currency act_-_amends federal_reserve_act require federal_reserve note denomination prescribed manner denomination individual blind


Summary: (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Civil Rights Act of 1964 Commemorative Coin Act - Requires the Secretary of the Treasury to mint and issue, during 2014, up to 350,000 one-dollar coins designed to be emblematic of the enactment of the Civil Rights Act of 1964 and its contribution to civil rights in America. Permits the Secretary to initiate sales of such coins, without issuance, before 2014. Terminates such minting authority after December 31, 2014. Requires sales to include a $10 surcharge per coin, which shall be paid to the United Negro College Fund. Subjects the Fund to certain federal audit requirements and a specified issuance limitation.

measure amended introduced summary version repeated civil rights act commemorative coin act_-_requires secretary treasury issue dollar coins designed emblematic enactment civil rights act contribution civil rights america permits secretary initiate sales coins issuance terminates minting authority december requires sales include surcharge coin shall paid united college fund subjects fund certain federal audit requirements specified issuance limitation


Summary: Mother's Day Centennial Commemorative Coin Act - Instructs the Secretary of the Treasury to mint and issue not more than 400,000 $1 coins emblematic of the 100th anniversary of President Wilson's proclamation designating the second Sunday in May as Mother's Day. Authorizes the Secretary to issue such coins beginning January 1, 2014, except that the Secretary may initiate sales of such coins, without issuance, before such date.Terminates such minting authority after December 31, 2014. Requires coin sales to include a $10 surcharge per coin, with distribution of such surcharges to the Susan G. Komen for the Cure and the National Osteoporosis Foundation for the purpose of furthering research. Prohibits any surcharge if the coin's issuance would cause the number of commemorative coin programs issued during the year to exceed the annual two commemorative coin program issuance limitation.

mother day centennial commemorative coin act instructs secretary treasury issue coins emblematic anniversary president wilson proclamation designating second sunday mother day authorizes secretary issue coins beginning january secretary initiate sales coins issuance date terminates minting authority december requires coin sales include surcharge coin distribution surcharges cure national osteoporosis foundation purpose furthering research prohibits surcharge coin issuance cause number commemorative coin programs issued year exceed annual commemorative coin program issuance limitation


Summary: Native American $1 Coin Act - Directs the Secretary of the Treasury to mint and issue $1 coins in commemoration of Native Americans and important contributions made by Indian tribes and individual Native Americans to the development and history of the United States.Requires, effective beginning January 1, 2008, that such coins have designs: (1) on the obverse bearing the " Sacagawea design;" and (2) on the reverse bearing images celebrating important contributions made by Indian tribes and individual Native Americans to the history and development of the United States.States that, if the date of the enactment of this Act is after August 25, 2007, such design shall be implemented beginning January 1, 2009. Requires edge-incusing of the inscriptions "E Pluribus Unum" and "In God We Trust" in a manner that preserves the distinctive coin edge so that its denomination is readily discernible, including by individuals who are blind or visually impaired. Requires the number of $1 coins minted and issued in a year with the Sacagawea-design on the obverse to be not less than 20% of the total number of $1 coins minted and issued in such year.Instructs the Secretary of the Treasury to carry out an aggressive, cost-effective, continuing campaign to encourage commercial enterprises to accept and dispense $1 coins that have the so-called "Sacagawea design."

native american coin act_-_directs secretary treasury issue coins commemoration native americans important contributions indian tribes individual native americans development history united_states requires effective beginning january coins designs bearing design reverse bearing images important contributions indian tribes individual native americans history development united_states states date enactment act august design shall implemented beginning january requires edge god trust manner preserves distinctive coin edge denomination readily including individuals blind visually impaired requires number coins issued year design total number coins issued year instructs secretary treasury carry aggressive cost effective continuing campaign encourage commercial enterprises accept dispense coins called design


Summary: American Bald Eagle Commemorative Coin Program Amendments of 2007 - Amends the American Bald Eagle Recovery and National Emblem Commemorative Coin Act to revise the distribution of surcharges from coin sales as follows: (1) 1/3 to the American Eagle Foundation of Tennessee in the United States to further its works; (2) 1/3 to the American Bald Eagle Foundation of Haines, Alaska; and (3) 1/3 to the Peregrine Fund of Boise, Idaho, to further its works.

american eagle commemorative coin program amendments amends american eagle recovery national emblem commemorative coin act revise distribution surcharges coin sales follows american eagle foundation tennessee united_states works american eagle foundation alaska fund idaho works


Summary: NASA and JPL 50th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 50th anniversary of the establishment of the National Aeronautics and Space Administration (NASA) and the Jet Propulsion Laboratory (JPL), to mint and issue $50 dollar gold and $1 dollar silver coins emblematic of the fifty years of exemplary and unparalleled achievements of NASA and JPL. Requires all such coin sales to include a surcharge of $50 per $50 dollar coin, and of $10 per $1 dollar coin. Requires distribution of the first $4 million to the NASA Family Assistance Fund for financial assistance to the families of NASA personnel who die as a result of injuries suffered in the performance of their official duties. Requires distribution of: (1) one-half of the next $1 million of the remaining amounts to the Dr. Ronald E. McNair Educational (D.R.E.M.E.) Science Literacy Foundation and the Dorothy Jemison Foundation for Excellence; and (2) the remainder to Save America's Treasures at the National Trust for Historic Preservation. Authorizes the Secretary to strike and sell bronze duplicates of the $50 gold coins.

nasa anniversary commemorative coin act_-_directs secretary treasury commemoration anniversary establishment national_aeronautics_and_space_administration nasa jet propulsion laboratory issue dollar gold dollar silver coins emblematic years exemplary achievements nasa requires coin sales include surcharge dollar coin dollar coin requires distribution million nasa family assistance fund financial assistance families nasa personnel die result injuries suffered performance official duties requires distribution half million remaining amounts educational science literacy foundation foundation excellence remainder save america treasures national trust historic preservation authorizes secretary strike sell bronze duplicates gold coins


Summary: Revises federal coin design requirements for $1 coins honoring each of the Presidents of the United States. Transfers from the edge of such a coin to either the obverse or the reverse face the inscription "In God We Trust."

revises federal coin design requirements coins honoring presidents united_states transfers edge coin reverse face god trust


Summary: Authorizes the President, on behalf of Congress, to award a gold medal of appropriate design posthumously to Robert M. La Follette, Sr., in recognition of his important contributions to the Progressive movement, Wisconsin, and the United States.

authorizes president behalf congress award gold medal appropriate design robert recognition important contributions progressive movement wisconsin united_states


Summary: Robert M. La Follette, Sr. Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue $1 coins in commemoration of Robert M. La Follette, Sr., and emblematic of his life and accomplishments.Restricts coin issuance to calendar year 2008. Imposes a surcharge of $10 per coin, to be deposited into the United States Mint Public Enterprise Fund.

robert commemorative coin act_-_directs secretary treasury issue coins commemoration robert emblematic life accomplishments restricts coin issuance calendar year imposes surcharge coin deposited united_states public enterprise fund


Summary: Numismatic Rarities Certainty Act of 2007 - Declares that any coin, medal, numismatic item, or any other piece made or struck by the U.S. Mint before January 1, 1933, that is not in federal government possession shall not be considered to be U.S. property unless it is reacquired by the United States for value given in a sale or exchange. Instructs Secretary of the Treasury periodically to compile and report to the President and Congress on an inventory of such items owned by the Department of the Treasury. Requires transfer to the Secretary of any such item that comes into U.S. government possession. Prescribes procedures for disposition of such items, including historic preservation, public display, and sales at public auction.

certainty act declares coin medal item piece january federal_government possession shall considered property united_states value given sale exchange instructs secretary treasury periodically compile report president congress inventory items owned department_of_the_treasury requires transfer secretary item comes government possession prescribes procedures disposition items including historic preservation public display sales public auction


Summary: NASA 50th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 50th anniversary of the establishment of the National Aeronautics and Space Administration (NASA), to mint and issue $50 gold and $1 silver coins emblematic of the 50 years of exemplary and unparalleled achievements of NASA. Requires all such coin sales to include a surcharge of $50 per $50 coin, and of $10 per $1 coin.Requires distribution of the first $4 million to the NASA Family Assistance Fund for financial assistance to the families of NASA personnel who die as a result of injuries suffered in the performance of their official duties.Requires distribution of: (1) one-half of the next $1 million of the remaining amounts to the Dr. Ronald E. McNair Educational (D.R.E.M.E.) Science Literacy Foundation and the Dorothy Jemison Foundation for Excellence; and (2) the remainder to the Secretary of the Smithsonian Institution for the preservation, maintenance, and display of space artifacts at the National Air and Space Museum (including the Steven F. Udvar-Hazy Center).Authorizes the Secretary to strike and sell bronze duplicates of the $50 gold coins.

nasa anniversary commemorative coin act_-_directs secretary treasury commemoration anniversary establishment national_aeronautics_and_space_administration nasa issue gold silver coins emblematic years exemplary achievements nasa requires coin sales include surcharge coin coin requires distribution million nasa family assistance fund financial assistance families nasa personnel die result injuries suffered performance official duties requires distribution half million remaining amounts educational science literacy foundation foundation excellence remainder secretary smithsonian_institution preservation maintenance display space artifacts national air space museum including secretary strike sell bronze duplicates gold coins


Summary: Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to arrange for the presentation, on behalf of Congress, to the personal representative of Ray Charles, a gold medal in recognition of Ray Charles' many contributions to the Nation as one of America's greatest and most influential musical artists.

directs speaker house_of_representatives president pro tempore senate arrange presentation behalf congress personal representative ray charles gold medal recognition ray charles contributions nation america greatest musical artists


Summary: Rabbi Arthur Schneier Congressional Gold Medal Act - Awards the Congressional Gold Medal to Rabbi Arthur Schneier in recognition of his pioneering role in promoting religious freedom and human rights throughout the world for close to half a century.

congressional gold medal act awards congressional gold medal recognition role promoting religious freedom human rights world close half century


Summary: Star-Spangled Banner and War of 1812 Bicentennial Commemorative Coin Act - Instructs the Secretary of the Treasury to mint and issue $1 coins in commemoration of the bicentennial of the writing of the Star-Spangled Banner and the War of 1812.Requires a coin design emblematic of the War of 1812, particularly the Battle for Fort McHenry that formed the basis for the Star-Spangled Banner.Authorizes the Secretary to issue the coins only during the calendar year beginning on January 1, 2012.Requires specified surcharges in sales of the coin, which shall be paid to the Maryland War of 1812 Bicentennial Commission for: (1) the purpose of supporting bicentennial activities in collaboration with, and aiding, the Star-Spangled Banner and War of 1812 Bicentennial Commission; and (2) preservation and improvement activities relating to the sites and structures relating to the War of 1812.

star banner war commemorative coin act instructs secretary treasury issue coins commemoration writing star banner war coin design emblematic war particularly battle fort formed basis star banner authorizes secretary issue coins calendar year beginning january specified surcharges sales coin shall paid maryland war commission purpose supporting activities collaboration aiding star banner war commission preservation improvement activities relating sites structures relating war


Summary: Authorizes the President Pro Tempore of the Senate and the Speaker of the House of Representatives to make appropriate arrangements for the presentation, on behalf of Congress, of a gold medal of appropriate design to comedian Jerry Lewis in recognition of his outstanding service to the Nation.

authorizes president pro tempore senate speaker house_of_representatives appropriate arrangements presentation behalf congress gold medal appropriate design lewis recognition outstanding service nation


Summary: National Infantry Museum and Soldier Center Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue $1 coins emblematic of the courage, pride, sacrifice, sense of duty, and history of the U.S. Infantry, in commemoration of the legacy of the U.S. Army Infantry and the establishment of the National Infantry Museum and Soldier Center. Expresses the sense of Congress that the coins should be struck at the U.S. Mint at West Point, New York, to the greatest extent possible. Restricts coin issuance to calendar year 2012. Requires a $10 surcharge per coin, and payment of all surcharges received to the National Infantry Foundation to establish an endowment to support the maintenance of the National Infantry Museum and Soldier Center.

national museum soldier center commemorative coin act_-_directs secretary treasury issue coins emblematic pride sacrifice sense duty history commemoration legacy army establishment national museum soldier center expresses sense congress coins west point new_york greatest extent possible restricts coin issuance calendar year requires surcharge coin payment surcharges received national foundation establish endowment support maintenance national museum soldier center


Summary: Coinage Materials Modernization Act of 2007 - Requires the Secretary of the Treasury to prescribe the weight and composition of the U.S. dollar, half dollar, quarter dollar, dime, five-cent, and one-cent coins. (Currently, the Secretary is authorized to prescribe the weight and the composition of copper and zinc in the alloy of the penny in specified circumstances.)Removes restrictions on the weight of, and requirements concerning the metal in, the half dollar, quarter, dime, nickel, and penny. Authorizes the Secretary to prescribe manufacturing tolerances for the nickel and penny.

materials modernization act requires secretary treasury prescribe weight composition dollar half dollar quarter dollar cent cent coins currently secretary authorized prescribe weight composition copper zinc alloy specified restrictions weight requirements concerning metal half dollar quarter authorizes secretary prescribe manufacturing tolerances


Summary: Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to arrange for the presentation of a congressional gold medal to Arnold Palmer (golf professional) in recognition of his service to the nation in promoting excellence and good sportsmanship.

directs speaker house_of_representatives president pro tempore senate arrange presentation congressional gold medal golf professional recognition service nation promoting excellence good


Summary: Andrew Larochelle God, Family, and Country Act of 2007 - Authorizes the Architect of the Capitol to permit the acknowledgment of God on flag certificates issued at the request of a Member of the United States House of Representatives or of the United States Senate.

god family country act authorizes architect capitol permit acknowledgment god flag certificates issued request member united_states house_of_representatives united_states senate


Summary: Coinage Efficiency Act of 2007 - Declares that specified authority of the Director of the U.S. Mint shall cease to apply, and shall have no force or effect, with respect to one-cent coins. Denies the Secretary of the Treasury authority to prescribe any regulations that would limit or prohibit the export, melting, or treatment of the one-cent coin until such time as the Secretary first issues a one-cent coin with a different metallic content than the one-cent coins issued as of the date of enactment of this Act.

efficiency_act declares specified authority director shall cease apply shall force effect respect cent coins denies secretary treasury authority prescribe regulations limit prohibit export treatment cent coin time secretary issues cent coin different content cent coins issued date enactment act


Summary: Coin Modernization and Taxpayer Savings Act of 2007 - Revises the discretionary authority of the Secretary of the Treasury to prescribe the weight and the composition of the alloy in the one-cent coin. Extends such authority to, and requires the Secretary to prescribe the weight and composition of, the dollar, half-dollar, quarter-dollar, dime, and five-cent coin, as well as the one-cent coin. Cites factors to be considered when prescribing such characteristics, including the effect on vending machines. Repeals current weight requirements for the half-dollar, quarter-dollar, dime, five-cent coin, and the one-cent coin. Specifies the characteristics of $1 coins and gold coins. Authorizes the Secretary to prescribe manufacturing tolerances for five-cent and one-cent coins. Repeals specified regulations promulgated by the Director of the U.S. Mint on April 16, 2007. Declares that such regulations have no force or effect after the enactment of this Act with respect to one-cent coins. Repeals the Secretary's authority to restrict exportation, melting, or treatment of the one-cent coin during the period between enactment of this Act and the date when the Secretary first issues a one-cent coin with a different metallic content than current one-cent coins.

coin modernization taxpayer savings act revises discretionary authority secretary treasury prescribe weight composition alloy cent coin extends authority requires secretary prescribe weight composition dollar half dollar quarter dollar cent coin cent coin cites factors considered prescribing characteristics including effect vending machines repeals current weight requirements half dollar quarter dollar cent coin cent coin specifies characteristics coins gold coins authorizes secretary prescribe manufacturing tolerances cent cent coins repeals specified regulations promulgated director april declares regulations force effect enactment act respect cent coins repeals secretary authority restrict exportation treatment cent coin period enactment act date secretary issues cent coin different content current cent coins


Summary: 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.

cents act revises discretionary authority secretary treasury prescribe weight composition alloy cent coin requires cent coin produced primarily steel treated copper color appearance appearance similar cent coins produced copper zinc alloy exempts requirement certain lincoln requires secretary treasury report certain congressional committees unified plan change content cent cent quarter dollar half dollar coins return ratios unit cost produce coins face value point close possible historic production cost face value ratios achieved


Summary: Make No Cents Until It Makes Sense Act - Prohibits the Secretary of the Treasury from producing any one-cent coins until the Secretary and the Chairman of the Board of Governors of the Federal Reserve System separately certify, in writing, to specified congressional committees that there is no surplus of one-cent coins anywhere within the United States.

cents makes sense act prohibits secretary treasury producing cent coins secretary chairman board_of_governors federal_reserve_system separately certify writing specified congressional committees surplus cent coins united_states


Summary: Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to arrange for the presentation of a congressional gold medal to to Daw Aung San Suu Kyi in recognition of her courageous and unwavering commitment to peace, nonviolence, human rights, and democracy in Burma.

directs speaker house_of_representatives president pro tempore senate arrange presentation congressional gold medal san recognition commitment peace human rights democracy burma


Summary: Authorizes the presentation of a congressional gold medal to Francis Collins for his outstanding contributions in the fields of medicine and genetics.

authorizes presentation congressional gold medal collins outstanding contributions fields medicine


Summary: Santa Fe Quadricentennial Commemorative Coin Act - Instructs the Secretary of the Treasury, in commemoration of the quadricentennial of the City of Santa Fe, New Mexico, to issue $5 gold coins and $1 silver coins emblematic of the settlement of Santa Fe, New Mexico, the oldest capital city in the United States. Permits issuance of such coins only during calendar 2010. Requires the Secretary to pay 50% of surcharges received from such coin sales to: (1) the Santa Fe 400th Anniversary Committee, Inc.; and (2) the Secretary of the Interior to sustain the ongoing mission of preserving Santa Fe, including educational programs, infrastructure and archaeological research activities, and other programs to support the quadricentennial of the establishment of Santa Fe.

santa_fe commemorative coin act instructs secretary treasury commemoration city santa_fe new_mexico issue gold coins silver coins emblematic settlement santa_fe new_mexico capital city united_states permits issuance coins calendar requires secretary pay surcharges received coin sales santa_fe 400th anniversary committee secretary interior sustain ongoing mission preserving santa_fe including educational programs infrastructure archaeological research activities programs support establishment santa_fe


Summary: Ossie Davis Congressional Gold Medal Act - Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to make appropriate arrangements for the posthumous award of a congressional gold medal commemorating Ossie Davis and recognizing his many contributions to the nation.

davis congressional gold medal act_-_directs speaker house_of_representatives president pro tempore senate appropriate arrangements posthumous award congressional gold medal commemorating davis recognizing contributions nation


Summary: Liberty Bill Act - Amends federal law to require that the design of the reverse side of all federal reserve notes incorporate: (1) the preamble to the Constitution; (2) a list describing the Articles of the Constitution; and (3) a list describing the Articles of Amendment. Sets forth the design format. States that such requirements do not limit the authority of the Secretary of the Treasury to: (1) include other inscriptions or material on the reverse side of such notes; or (2) adopt other design features to deter counterfeiting of currency.

liberty bill act_-_amends federal law require design reverse federal_reserve notes incorporate constitution list describing articles constitution list describing articles amendment sets forth design format states requirements limit authority secretary treasury include material reverse notes adopt design features deter counterfeiting currency


Summary: Awards a congressional gold medal to Barry C. Scheck and to Peter Neufeld in recognition of their outstanding service to the nation and to justice as co-founders and co-directors of the Innocence Project (a nonprofit legal clinic dedicated to exonerating wrongfully convicted people through DNA testing and to reforming the criminal justice system to prevent future injustice).

awards congressional gold medal recognition outstanding service nation justice directors innocence project nonprofit legal clinic dedicated wrongfully convicted people dna testing reforming criminal justice system prevent future


Summary: Continues in effect until January 1, 2009, certain coins and currency law requiring the minting and issuance of $1 coins which bear any design (including the Sacagawea-design) in effect before the required issuance of coins: (1) emblematic of the Presidents of the United States; or (2) under the Native American $1 Coin Act.

continues effect january certain coins currency law requiring minting issuance coins bear design including design effect required issuance coins emblematic presidents united_states native american coin act


Summary: Coin Modernization and Taxpayer Savings Act of 2008 - Requires the one-cent coin (except for Lincoln Bicentennial Numismatic Pennies) to be produced primarily of steel and treated to impart a copper color to its appearance similar to one-cent coins produced of a copper-zinc alloy. Authorizes the Secretary of the Treasury, in the alternative, during the 90 days following enactment of this Act, to add any other element to any alloy of zinc and copper of which one-cent coins could have been composed before enactment of this Act, if during such 90-day period another element is determined to help produce one-cent coins of the same diameter, general composition, and general weight, but at a lower unit cost. Requires a prompt report to Congress if such a determination is made. Directs the Secretary, two years after enactment of this Act, to produce only five-cent coins primarily made of steel with a coating of nickel, unless by that time the unit cost of production of existing five-cent coins is lower than their face value. Requires the Secretary, however, to recommend a different metallic content of circulating five-cent coins if any biennial report to Congress, required by this Act, indicates that such a different metallic content is both functional and interchangeable with existing coins, and more economical to produce in both the short and long term. Authorizes the Secretary, in order to accomplish the goals of this Act, to research, develop, evaluate or begin to use new metallic material for circulating coin production. Requires the Secretary to report biennially to specified congressional committees on the production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins, with detailed recommendations for any appropriate changes to the metallic content of circulating coins.

coin modernization taxpayer savings act requires cent coin lincoln produced primarily steel treated copper color appearance similar cent coins produced copper zinc alloy authorizes secretary treasury alternative days following enactment act add element alloy zinc copper cent coins composed enactment act day period element determined help produce cent coins diameter general composition general weight lower unit cost requires prompt report congress determination directs secretary years enactment act produce cent coins primarily steel coating time unit cost production existing cent coins lower face value requires secretary recommend different content cent coins biennial report congress required act indicates different content functional interchangeable existing coins economical produce short long term authorizes secretary order accomplish goals act research develop evaluate begin use new material coin production requires secretary report biennially specified congressional committees production costs coin cost trends possible new materials technologies production coins detailed recommendations appropriate changes content coins


Summary: Original Saint-Gaudens Double Eagle Ultra-High Relief Palladium Bullion Coin Act - Authorizes the Secretary of the Treasury to mint and issue a $20 coin that bears, on the obverse and reverse, the designs of the famous 27-millimeter version of the 1907 Augustus Saint-Gaudens Double Eagle ultra-high relief gold piece. Authorizes the Secretary to commence minting and issuing such coins for sale, beginning January 1, 2009, in: (1) an appropriate number of $20 bullion investment coins meeting specified requirements; and (2) up to 15,000 ultra-high relief numismatic $20 coins meeting certain other requirements. Requires all coins to be minted at West Point, New York. Prohibits numismatic coins from being made available as so-called "fractional" coins. Requires the Secretary to take specified protective and anti-counterfeiting measures. Instructs the Treasury Inspector General to report to certain congressional committees on the extent of counterfeiting of rare, collectible, or numismatic coins for sale in the United States, regardless of the country where the original of such coin was produced or of the country in which the counterfeiting takes place, or sales overseas if such counterfeit coins are unauthorized copies of coins originally produced by the U.S. Mint.

original saint double eagle ultra high relief palladium bullion coin act_-_authorizes secretary treasury issue coin bears reverse designs millimeter version saint double eagle ultra high relief gold piece authorizes secretary commence minting issuing coins sale beginning january appropriate number bullion investment coins meeting specified requirements ultra high relief coins meeting certain requirements requires coins west point new_york prohibits coins available called fractional coins requires secretary specified protective anti counterfeiting measures instructs treasury inspector_general report certain congressional committees extent counterfeiting rare collectible coins sale united_states regardless country original coin produced country counterfeiting takes place sales overseas counterfeit coins unauthorized copies coins originally produced


Summary: Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to make appropriate arrangements for the presentation on behalf of the Congress of a gold medal to Dr. Oscar Elias Biscet in recognition of his courageous and unwavering commitment to democracy and human rights in Cuba.

directs speaker house_of_representatives president pro tempore senate appropriate arrangements presentation behalf congress gold medal recognition commitment democracy human rights cuba


Summary: United States Army Commemorative Coin Act of 2008 - Instructs the Secretary of the Treasury to mint and issue $5 gold coins, $1 silver coins, and half dollar clad coins as numismatic items emblematic of the traditions, history, and heritage of the U.S. Army, and its role in American society from the Colonial period to today.Requires the design for such coins to contain motifs that honor specifically the American soldier of both today and yesterday, in wartime and in peace, consistent with the traditions and heritage of the U.S. Army, the mission and goals of the National Museum of the U.S. Army, and the missions and goals of the Army Historical Foundation.Restricts coin issuance to the one-year period beginning on January 1, 2011.Requires all surcharges from coin sales to be promptly paid by the Secretary to the Foundation to help finance the National Museum of the U.S. Army.

united_states army commemorative coin act instructs secretary treasury issue gold coins silver coins half dollar coins items emblematic history heritage army role american society period today requires design coins contain honor specifically american soldier today wartime peace consistent heritage army mission goals national museum army missions goals army historical foundation restricts coin issuance year period beginning january surcharges coin sales promptly paid secretary foundation help finance national museum army


Summary: Glacier National Park Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 100th anniversary of the establishment of Glacier National Park in Montana, to mint and issue $1 coins emblematic of the Park, its natural features, and wildlife.

glacier national park commemorative coin act_-_directs secretary treasury commemoration anniversary establishment glacier national park montana issue coins emblematic park natural features wildlife


Summary: Boy Scouts of America Centennial Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue up to 350,000 $1 coins in commemoration of the centennial of the founding of the Boy Scouts of America. Requires the coin design to be emblematic of the 100 years of the organization. Restricts issuance of such coins to February 8 through December 31, 2010. Subjects coin sales to a surcharge of $10 per coin. Requires payment of such surcharges to the National Boy Scouts of America Foundation, to be made available to local councils in the form of grants for the extension of Scouting in hard-to-serve areas.

boy_scouts_of_america centennial commemorative coin act_-_directs secretary treasury issue coins commemoration centennial founding boy_scouts_of_america requires coin design emblematic years organization restricts issuance coins february december subjects coin sales surcharge coin requires payment surcharges national boy_scouts_of_america foundation available local councils form grants extension hard serve areas


Summary: Girl Scouts USA Centennial Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue up to 350,000 $1 coins in commemoration of the centennial of the founding of the Girl Scouts of the USA. Requires the coin design to be emblematic of the 100 years of the organization. Restricts issuance of such coins to calendar year 2011. Subjects coin sales to a surcharge of $10 per coin. Requires payment of such surcharges to the Girl Scouts of the United States of America for efforts involved in marking the Centennial, which may include preservation efforts of the birthplace of Juliette Gordon Low.

girl scouts usa centennial commemorative coin act_-_directs secretary treasury issue coins commemoration centennial founding girl scouts usa requires coin design emblematic years organization restricts issuance coins calendar year subjects coin sales surcharge coin requires payment surcharges girl scouts united_states_of_america efforts involved marking centennial include preservation efforts low


Summary: NASA 50th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 50th anniversary of the establishment of the National Aeronautics and Space Administration (NASA), to mint and issue $50 gold and $1 silver coins emblematic of the 50 years of exemplary and unparalleled achievements of NASA. Requires all such coin sales to include a surcharge of $50 per $50 coin, and of $10 per $1 coin. Requires distribution of the first $4 million to the NASA Family Assistance Fund for financial assistance to the families of NASA personnel who die as a result of injuries suffered in the performance of their official duties. Requires distribution of: (1) one-half of the next $1 million of the remaining amounts to the Dr. Ronald E. McNair Educational (D.R.E.M.E.) Science Literacy Foundation and the Challenger Center for Space Science Education; and (2) the remainder to the Secretary of the Smithsonian Institution for the preservation, maintenance, and display of space artifacts at the National Air and Space Museum (including the Steven F. Udvar-Hazy Center). Authorizes the Secretary to strike and sell bronze duplicates of the $50 gold coins.

nasa anniversary commemorative coin act_-_directs secretary treasury commemoration anniversary establishment national_aeronautics_and_space_administration nasa issue gold silver coins emblematic years exemplary achievements nasa requires coin sales include surcharge coin coin requires distribution million nasa family assistance fund financial assistance families nasa personnel die result injuries suffered performance official duties requires distribution half million remaining amounts educational science literacy foundation challenger center space science education remainder secretary smithsonian_institution preservation maintenance display space artifacts national air space museum including center authorizes secretary strike sell bronze duplicates gold coins


Summary: Civil Rights Quarter Dollar Coin Act of 2008 - Requires quarter dollars to have designs on the reverse emblematic of prominent civil rights leaders and important events that have advanced civil rights in America. Instructs the Secretary of the Treasury to select such leaders and events. Requires five coin designs in each year of the period of issuance. Instructs the Secretary to strike and make available for sale silver bullion coins that are exact duplicates of such quarter dollars.

civil rights quarter dollar coin act requires quarter dollars designs reverse emblematic prominent civil rights leaders important events advanced civil rights america instructs secretary treasury select leaders events requires coin designs year period issuance instructs secretary strike available sale silver bullion coins exact duplicates quarter dollars


Summary: Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to arrange for the presentation of a congressional gold medal to Joseph Barnett Kirsner, M.D., Ph.D. (a leader in the field of gastroenterology) in recognition of his many outstanding contributions to the nation.

directs speaker house_of_representatives president pro tempore senate arrange presentation congressional gold medal joseph leader field recognition outstanding contributions nation


Summary: 5-Cent Restoration Act of 2008 - Revises the authority of the Secretary of the Treasury to mint and issue a five-cent coin to limit the design of such a coin to a clad half-dime based on the size and shape of the half-dime or five-cent coin produced in the 1870s.

cent restoration act revises authority secretary treasury issue cent coin limit design coin half based size shape half cent coin produced


Summary: Stephanie Tubbs Jones Gift of Life Medal Act of 2008 - Makes any organ donor, or the family of any organ donor, eligible for a Stephanie Tubbs Jones Gift of Life Medal. Requires the Secretary of Health and Human Services to direct the Organ Procurement and Transplantation Network to establish an application procedure, determine eligibility, and arrange for the presentation of medals.Allows only one medal per family. Requires that such medal be presented to the donor or, in the case of a deceased donor, the family member who signed the consent form authorizing the organ donation.Authorizes the Network to collect funds to offset expenditures relating to the issuance of medals.Requires the Secretary of the Treasury to design and strike the Stephanie Tubbs Jones Gift of Life Medals using certain specifications.Provides that a medal under this Act shall not be treated as valuable consideration for purposes of prohibiting transferring human organs for valuable consideration.

stephanie tubbs jones gift life medal act makes organ donor family organ donor eligible stephanie tubbs jones gift life medal requires secretary health_and_human_services direct organ procurement transplantation network establish application procedure determine eligibility arrange presentation medals allows medal family requires medal presented donor case deceased donor family member signed consent form authorizing organ donation authorizes network collect funds offset expenditures relating issuance medals requires secretary treasury design strike stephanie tubbs jones gift life medals certain specifications provides medal act shall treated valuable consideration purposes prohibiting transferring human organs valuable consideration


Summary: Mark Twain Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue $5 gold coins and $1 silver coins emblematic of the life and legacy of Mark Twain. Limits issuance of such coins to calendar year 2010. Requires specified surcharges in the sale of such coins, which shall be promptly paid, in specified percentages, to: (1) the Mark Twain House & Museum in Hartford, Connecticut, to support the continued restoration of the house and grounds, and ensure continuing growth and innovation in museum programming to research, promote, and educate on the legacy of Mark Twain; (2) the Mark Twain Project at the Bancroft Library of University of California, Berkeley, California, to support programs to study and promote Mark Twain's legacy; (3) the Center for Mark Twain Studies at Elmira College, New York, for the same purposes; and (4) the Mark Twain Boyhood Home and Museum in Hannibal, Missouri, to preserve historical sites related to Mark Twain and help support study and promotion programs.

mark commemorative coin act_-_directs secretary treasury issue gold coins silver coins emblematic life legacy mark limits issuance coins calendar year requires specified surcharges sale coins shall promptly paid specified percentages mark house museum connecticut support continued restoration house grounds ensure continuing growth innovation museum programming research promote educate legacy mark mark project library university california california support programs study promote mark legacy center mark studies college new_york purposes mark home museum missouri preserve historical sites related mark help support study promotion programs


Summary: Stephanie Tubbs Jones Gift of Life Medal Act of 2008 - Makes any organ donor, or the family of any organ donor, eligible for a Stephanie Tubbs Jones Gift of Life Medal. Requires the Secretary of Health and Human Services to direct the Organ Procurement and Transplantation Network to establish an application procedure, determine eligibility, and arrange for the presentation of medals.Allows only one medal per family. Requires that such medal be presented to the donor or, in the case of a deceased donor, the family member who signed the consent form authorizing the organ donation. Authorizes the Network to collect funds to offset expenditures relating to the issuance of medals. Prohibits federal funds from being used to carry out this Act. Requires the Secretary of the Treasury to design and strike the Stephanie Tubbs Jones Gift of Life Medals using certain specifications.Provides that a medal under this Act shall not be treated as valuable consideration for purposes of prohibiting transferring human organs for valuable consideration.

stephanie tubbs jones gift life medal act makes organ donor family organ donor eligible stephanie tubbs jones gift life medal requires secretary health_and_human_services direct organ procurement transplantation network establish application procedure determine eligibility arrange presentation medals allows medal family requires medal presented donor case deceased donor family member signed consent form authorizing organ donation authorizes network collect funds offset expenditures relating issuance medals prohibits federal funds carry act requires secretary treasury design strike stephanie tubbs jones gift life medals certain specifications provides medal act shall treated valuable consideration purposes prohibiting transferring human organs valuable consideration


Summary: 5-Star Generals Commemorative Coin Act - Requires the Secretary of the Treasury to mint and issue $5 gold coins, $1 silver coins, and half-dollar clad coins in recognition of five United States Army Five-Star Generals: George Marshall, Douglas MacArthur, Dwight Eisenhower, Henry "Hap" Arnold, and Omar Bradley, alumni of the United States Army Command and General Staff College, Fort Leavenworth, Kansas. Requires the design of the coins to include portraits of the generals.Restricts the issuance of such coins to calendar 2013. Requires specified surcharges in the sale of such coins, which shall be paid promptly to the Command and General Staff College Foundation to help finance its support of the College.

star commemorative coin act_-_requires secretary treasury issue gold coins silver coins half dollar coins recognition united_states army star george douglas henry alumni united_states army command general staff college fort kansas requires design coins include restricts issuance coins calendar requires specified surcharges sale coins shall paid promptly command general staff college foundation help finance support college


Summary: Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.

amends_the_internal_revenue_code allow certain support organizations tax exempt teaching hospitals acquire debt secured income producing real property provide financial support hospitals