The following summary was written by the Congressional Research Service, a well-respected nonpartisan arm of the Library of Congress.

Section 4 -

Specifies principles on which the relationship between the United States and Pakistan should be based.

Title I - Democratic, Economic, and Development Assistance for Pakistan

Section 101 -

Authorizes the President to provide assistance to Pakistan to support: (1) democratic institutions; (2) efforts to expand the rule of law, build capacity, transparency, and trust in government institutions, as well as promote human rights; (3) economic freedom and development; (4) investments in people, particularly women and children; and (5) public diplomacy to combat militant extremism and promote a better understanding of the United States. Encourages the President to use Pakistani firms and organizations to provide such assistance. Obligates specified funds for: (1) FY2010 police professionalization, equipping, and training; (2) administrative expenses; and (3) establishment of a Chief of Mission fund to provide assistance to address urgent needs or opportunities or for humanitarian relief. Directs the President to notify the appropriate congressional committees prior to obligating FY2010-FY2014 assistance under this section and to include in such notification a description of the purpose and conditions attached to any such assistance.

Section 102 -

Authorizes FY2010-FY2014 appropriations for assistance to Pakistan under this title and the Foreign Assistance Act of 1961. Prohibits any of such funds from being made available to Pakistan unless the Pakistan Assistance Strategy Report has been submitted to the appropriate congressional committees. Limits the amount of such funds available to Pakistan unless the President's Special Representative to Afghanistan and Pakistan certifies to the appropriate congressional committees that assistance to Pakistan has made or is making substantial progress toward achieving U.S. assistance objectives. Provides for a national security waiver of funding restrictions. Expresses the sense of Congress that, subject to an improving political and economic climate in Pakistan, there should be authorized to be appropriated up to $1.5 billion for each of FY2015-FY2019 for assistance to Pakistan under the Foreign Assistance Act of 1961.

Section 103 -

Directs the Inspector General of the Department, the Inspector General of the United States Agency for International Development (USAID), and the inspectors general of other federal departments and agencies (other than the Inspector General of the Department of Defense (DOD)) carrying out programs under this title to audit fund expenditures. Authorizes the establishment of in-country field offices in Pakistan. Allocates FY2010-FY2014 funds for such purposes.

Title II - Security Assistance for Pakistan

Section 201 -

States that the purposes of assistance under this title are to: (1) support Pakistan's paramount national security need to win the ongoing counterinsurgency within its borders in accordance with its national security interests; (2) work with the government of Pakistan to improve border security and to coordinate action against extremist and terrorist targets; and (3) help strengthen the institutions of democratic governance and promote control of military institutions by a democratically elected civilian government.

Section 202 -

Authorizes FY2010-FY2014 appropriations for Pakistan for: (1) military education and training under the Foreign Assistance Act of 1961; and (2) purchase of defense articles, defense services, and military education and training under the Arms Export Control Act. Expresses the sense of Congress that: (1) a substantial amount of such funds should be used for counterinsurgency, counterterrorism, and civil-military relations purposes; and (2) the United States should facilitate Pakistan's establishment of a program to provide reconstruction assistance in areas damaged by combat operations. Authorizes the Secretary, in order to foster greater mutual respect for and understanding of the principle of civilian rule of the military, to establish an exchange program between military and civilian personnel of Pakistan and: (1) military and civilian personnel of countries determined to be in the process of consolidating and strengthening a democratic form of government; or (2) military and civilian personnel of North Atlantic Treaty Organization (NATO) member countries. Authorizes FY2010-FY2014 appropriations.

Section 203 -

Prohibits FY2010-FY2014 security-related assistance and arms transfers to Pakistan until the Secretary certifies that: (1) Pakistan's government is continuing to cooperate with the United States to dismantle supplier networks relating to the acquisition of nuclear weapons-related materials; (2) Pakistan's government is making significant efforts towards combating terrorist groups; and (3) Pakistan's security forces are not subverting Pakistan's political or judicial processes. Prohibits any funds appropriated for security-related assistance for FY2010-2014, or any amounts appropriated to the Pakistan Counterinsurgency Capability Fund established under the Supplemental Appropriations Act, 2009, from being used to make payments relating to specified letters of offer and acceptance between the Pakistan and the United States, other than for construction. Provides for a national security waiver of such prohibitions.

Section 204 -

Prescribes FY2010 requirements for the Department's Pakistan Counterinsurgency Capability Fund. States that Fund amounts are to be used by the Secretary to build Pakistan's counterinsurgency capability under the same conditions as apply to FY2009.

Section 205 -

Restricts the provision of FY2010-FY2014 direct cash security-related U.S. assistance or non-assistance payments to Pakistan to only civilian authorities of a civilian government. Provides for a national security waiver of such restriction.

Title III - Strategy, Accountability, Monitoring, and Other Provisions

Section 301 -

Directs the Secretary to submit a Pakistan Assistance Strategy Report to the appropriate congressional committees. Requires the Plan to include descriptions of: (1) assistance objectives; (2) programs and assistance levels; (3) roles to be played by Pakistani national, regional, and local entities; and (4) steps taken to prevent assistance from being awarded to terrorist-affiliated individuals or entities. Expresses the sense of Congress that: (1) the achievement of U.S. national security goals to eliminate terrorist threats and close safe havens in Pakistan requires a comprehensive plan that utilizes all elements of national power; and (2) it is critical to Pakistan's long-term prosperity and security to strengthen regional relationships among India, Pakistan, and Afghanistan. Directs the President to: (1) develop an interagency regional security strategy to eliminate terrorist threats and close safe havens in Pakistan, including working with the government of Pakistan and other governments and organizations to implement counterinsurgency and counterterrorism efforts in Pakistan's border areas, including the Federally Administered Tribal Areas of Pakistan, the North West Frontier Province of Pakistan, parts of Balochistan, and parts of Punjab; and (2) report to the appropriate congressional committees regarding such strategy. Directs the Secretary to submit a FY2010-FY2014 security-related assistance plan to the appropriate congressional committees.

Section 302 -

Sets forth specified assistance monitoring report requirements for the Secretary and the Comptroller General of the United States.

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So in a layman's terms you can simply say that while the bill provides assistance in a number of areas which are broadly categorized under Democratic, Economic, and Development Assistance; it also puts certain conditions and prohibitions for FY 2010-2014 (Section 203). I believe much of the criticism against the bill being raised is due to Section 203. The summary of this section is given in this post for the original text kindly see my previous post in this thread

I hope this makes life easier This post of course, not Carry-Looter the bill :P

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When you have to shoot, shoot. Don't talk. ~ The Good, The Bad, and the Ugly