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![Official portrait of Del. Fauntroy, Walter E. [D-DC-At Large]](https://www.congress.gov/img/member/f000046_200.jpg)
United States · Official source
4,673 records where Del. Fauntroy, Walter E. [D-DC-At Large] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 14 March 1989
Amends the Federal criminal code to establish penalties for the possession of a firearm in a Federal court facility.
United States · United States Congress · 14 March 1989
Martin Luther King, Jr., Federal Holiday Commission Extension Act - Makes permanent the Martin Luther King, Jr. Federal Holiday Commission. (Current law terminates the Commission on April 20, 1989.) Makes the term of Commission members one year, except for Coretta Scott King (life term) and members of the family surviving Martin Luther King, Jr. (at the discretion of the family). Amends existing requirements to make the Commission's report on its activities reflect the most recent observance of the holiday. Replaces provisions requiring all expenditures of the Commission to be from donated funds with provisions authorizing appropriations for each fiscal year. Makes payment of expenses for Commission members and staff salary subject to the availability of funds.
United States · United States Congress · 14 March 1989
Amends the National Labor Relations Act to make it an unfair labor practice for an employer to hire, or threaten to hire, permanent replacement workers during the first ten weeks of any strike (or to enter into agreements for such purposes).
United States · United States Congress · 14 March 1989
Quality of Life Action Act - Declares that every adult American: (1) able and willing to earn a living has a right to a choice among opportunities for paid employment at decent wages or for self-employment; and (2) unable to work for pay has the right to an adequate standard of living that rises with increases in the health and productivity of the society. Directs all Federal agencies to plan and carry out their policies and programs so all adult Americans may exercise these rights. Prohibits the Federal Reserve System or any other Federal agency from promoting recession, stagnation, or unemployment as a means of reducing wages and salaries or inflation. Directs the President, in each annual budget and economic report submitted after the date of enactment of this Act, to transmit to the Congress a staged program: (1) to help establish and maintain conditions under which the rights set forth in this Act may be enjoyed; and (2) to implement the Government's economic and social obligations under the Employment Act of 1946, the Full Employment and Balanced Growth Act of 1978, the Charter of the United Nations, and the Charter of the Organization of American States. Sets forth program objectives, which include: (1) providing incentives for enlarging employment opportunities; (2) increasing the opportunities for part-time employment; (3) preventing or controlling inflationary tendencies; (4) providing improved Federal incentives for investment, expansion, and increased employment; and (5) promoting conditions for more self-empowerment by those victimized by discrimination. Requires such program to include policies and projects to: (1) achieve American leadership in goods production; and (2) develop American leadership in services. Requires such policies and projects to include Federal grants and other incentives for short-term and long-term public works planning. Sets forth eligibility requirements for such grants and incentives. Requires the Government to cooperate with the United Nations and foreign governments in developing an international community based on rising living standards. Directs the President and the Congress to review laws, regulations, and procedures which may interfere with this Act and propose necessary changes. Requires the Government to make financial support for the International Monetary Fund and the International Bank for Reconstruction and Development conditional upon the development and implementation of policies and procedures which will: (1) raise the standard of living in countries receiving assistance; and (2) contribute to the economic viability, credit worthiness, and ability to import goods and services to the United States. Requires the President to propose and promote international and regional conferences on unemployment and underemployment. Directs the President, in the first annual message at the beginning of the first session of the Congress after the enactment of this Act, to include specific proposals for a Conversion Planning Fund, to be administered by agencies determined by the President. Provides that such Fund shall promote short- and long-term plans for coping with declines in civilian or military activities by developing specific policies, programs, and projects (including feasibility studies, education, on-the-job training, and inducements for necessary and desirable labor mobility) for the expansion of economic activities in sectors where additional or improved goods or services are needed. Requires, in addition to such other funds as may be authorized, that such Fund include no less than one percent of the amount appropriated for military purposes during each subsequent year. Directs the President, as part of such annual program, to transmit to the Congress a short- and long-range schedule for implementing the purposes of this Act. Requires such schedule to include recommendations for restructuring Federal budget priorities to provide for: (1) reducing wasteful or unnecessary military expenditures; (2) increasing Federal revenues; (3) reducing the interest on the Federal debt; (4) using public and private pension funds to help attain the goals of this Act; and (5) promoting or creating development banks in areas of high joblessness and poverty. Requires the President to include recommendations for promoting education activities within each State. Requires the Joint Economic Committee to monitor actions proposed or taken under this Act. Requires that budgetary data for specific programs include evaluations and quantitative estimates of impacts on: (1) gross and net outlays computed in terms of estimates of the effects of paid employment on reducing outlays and increasing tax receipts; and (2) benefits and costs to society. Requires that each overall budget message from the President to the Congress be based on policies and programs to reduce unemployment.
United States · United States Congress · 14 March 1989
Foreign Agents Compulsory Ethics in Trade Act of 1989 - Amends the Federal criminal code to prohibit the President, the Vice President, certain high-level Federal officials and employees, certain high-ranking active-duty members of the uniformed services, and Members of Congress from representing or advising foreign principals on matters of direct and substantial U.S. interest during the four-year period after cessation of Federal employment. Requires the Attorney General to grant a waiver to such prohibition unless the proposed conduct could harm the national interests or create an undue appearance of conflict of interest. Authorizes the Attorney General, upon reason to believe that a person is engaging in conduct in violation of this Act, to petition the appropriate U.S. district court for an order prohibiting such conduct. Establishes civil and criminal penalties for violations of this Act.
United States · United States Congress · 14 March 1989
Reasonable Detention of Aliens Act - Amends the Immigration and Nationality Act to limit the Attorney General's authority to detain an alien mother with a dependent child two years or younger subject to deportation (with specified exceptions) unless such detention is in connection with the alien's immediate departure from the United States.
United States · United States Congress · 14 March 1989
Amends the Internal Revenue Code to permit an additional standard deduction of $600 for a taxpayer or spouse who is deaf or who is a paraplegic, a quadriplegic, a hemiplegic, or an amputee.
United States · United States Congress · 14 March 1989
Makes supplemental appropriations for veterans' health care for FY 1989.
United States · United States Congress · 14 March 1989
Eliminates post-1968 service in the National Guard as a prerequisite to civil service retirement credit for former National Guard technicians. Amends the National Guard Technicians Act of 1968 to eliminate post-1968 service as a prerequisite for National Guard technicians for receipt of credit in the determination of length of Federal civil service for purposes of leave, Federal employees' death and disability compensation, group life and health insurance, severance pay, tenure, and status. Sets forth rules for applying provisions of this Act to affected individuals.
United States · United States Congress · 14 March 1989
Designates the week of October 8 through October 14, 1989, as National Job Skills Week.
United States · United States Congress · 14 March 1989
Designates the week of May 1 through May 7, 1989, as National Older Americans Abuse Prevention Week.
United States · United States Congress · 14 March 1989
Designates the month of November in 1989 and 1990 as National Hospice Month.
United States · United States Congress · 13 March 1989
Amends the Head Start Act to increase the amount authorized to be appropriated for FY 1990.
United States · United States Congress · 13 March 1989
Eliminates the deposit requirement for certain survivor benefits under the civil service retirement systems. Directs the Comptroller General to report to the Congress on ways to maintain the long-term value of survivor benefits under such systems.
United States · United States Congress · 9 March 1989
Prohibits the obligation of funds for the B-2 Advanced Technology Bomber Program until the Secretary of Defense reports to the Congress on the following information with respect to the program: (1) total cost, including cost estimates and budget requests for future fiscal years; (2) production schedules; (3) test programs; and (4) the Secretary's views regarding the missions and purposes of such aircraft.
United States · United States Congress · 9 March 1989
Kangaroo Protection Act - Provides that any administrative exception made under the Endangered Species Act of 1973 permitting the importation of kangaroos, their parts, and products shall not apply to kangaroos removed from the wild in accordance with an Australian management plan.
United States · United States Congress · 9 March 1989
Radon Gas Tax Relief Act of 1989 - Amends the Internal Revenue Code to permit a 40 percent nonrefundable income tax credit of up to $4,000 for expenditures made for radon testing in or below the taxpayer's principal residence and for the installation of property designed to reduce radon levels inside the residence. Permits an income tax deduction (both individual and corporate) for radon prevention expenditures in connection with real property development, building construction or enlargement, and certain relocation dwellings. Makes the tax credit and the tax deduction mutually exclusive with respect to the same expenditures. Amends Federal law to make funds available for the reimbursement of Federal employees for radon protection expenditures necessary to overcome a substantial obstacle to the salability of a principal residence being sold in conjunction with a transfer to a new location.
United States · United States Congress · 9 March 1989
Expresses disapproval of the refusal of the U.S.S.R. to recognize the sovereignty of the Baltic Republics. Designates June 14, 1989, as Baltic Freedom Day. Authorizes and requests the President to call upon the Soviet Union, the Federal Republic of Germany, and the Democratic Republic of Germany to renounce the acquisition or absorption of the Baltic Republics by the Soviet Union as a result of the Molotov-Ribbentrop Pact.
United States · United States Congress · 9 March 1989
Designates April 28, 1989, as Flight Attendant Safety Professionals' Day.
United States · United States Congress · 9 March 1989
Designates the month of November 1989 as National Alzheimer's Disease Month.
United States · United States Congress · 8 March 1989
Designates a portion of the George Washington Memorial Parkway between Maryland and the District of Columbia as the Clara Barton Parkway.
United States · United States Congress · 8 March 1989
Prohibits the Secretary of Defense from imposing charges for outpatient medical or dental care provided at any military health care facility.
United States · United States Congress · 8 March 1989
Designates the decade beginning January 1, 1990, as the Decade of the Brain.
United States · United States Congress · 8 March 1989
Designates October 8 through October 14, 1989, as National School Lunch Week.
United States · United States Congress · 8 March 1989
Designates the square dance as the national folk dance of the United States for 1990.
United States · United States Congress · 7 March 1989
Illegal Dumping Prevention Act of 1989 - Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to authorize the seizure and forfeiture of vessels illegally dumping wastes into ocean waters.
United States · United States Congress · 7 March 1989
Immigration Exclusion and Deportation Amendments of 1989 - Amends the Immigration and Nationality Act to make only the following classes of aliens ineligible to receive visas for admission into the United States: (1) any alien with a communicable disease of public health significance; (2) any alien with a record of recent physical or mental disorder that poses a threat to property or safety; (3) any alien with a drug addiction; (4) any alien convicted of a crime involving moral turpitude, with specified exceptions; (5) any alien convicted of specified drug violations or involved in drug trafficking; (6) any alien who has engaged in prostitution, or procurement of prostitutes, within ten years of the date of application for U.S. entry; (7) any alien likely to be a security risk; (8) any alien who has engaged in terrorist activity or likely to engage in such activity; (9) any alien whose entry would endanger the lives or property of U.S. citizens living abroad; (10) any alien whose entry would convey the impression of U.S. support for a government or group that the United States does not recognize or support, or whose entry would have a serious negative effect on U.S. diplomatic relations; (11) any alien who participated in Nazi persecutions; (12) any alien who is likely to become a public charge, with admission on bond at the discretion of the Attorney General; (13) any alien seeking to enter the United States for the purpose of performing skilled or unskilled labor, with specified exceptions (teaching, postgraduate research, and science or arts), or in situations of insufficient U.S. workers; (14) any alien who is a graduate of a medical school not accredited by a body approved for such purpose by the Secretary of Education, with certain exceptions; (15) any excluded or deported alien who seeks readmission within five years of the event, unless such readmission is consented to by the Attorney General; (16) any alien seeking to enter the United States by fraud or the willful misrepresentation of a material fact; (17) any stowaway alien; (18) any alien who aids any other alien in illegal entry; (19) any immigrant not in possession of a valid immigrant visa and passport at the time of admission; (20) any nonimmigrant without a valid passport authorizing the alien to return to the country from which he or she came or without a valid nonimmigrant visa or border crossing card (provides for a Guam visa waiver for up to 15-day pleasure or business entries); and (21) any alien ineligible for U.S. citizenship, including a person who left or remained outside the United States to avoid U.S. military service in time of war or national emergency. Repeals the ideological grounds for exclusion. Directs the Attorney General and the Secretary of State to jointly develop guidelines for the review of exclusion lists and other mechanisms used to screen alien visa applicants. Requires the Attorney General and the Secretary to report jointly to the appropriate committees regarding the development of such guidelines (within one year) and the results of the review of such alien lists (within two years). Makes deportable by the Attorney General only those aliens within one of the following classes: (1) any alien who at the time of entry was within one or more of the classes of aliens excludable by then existing law; (2) any alien entering the United States without inspection or at a time and place other than as designated by the Attorney General; (3) any alien admitted as a nonimmigrant who has failed to maintain such status; (4) any alien admitted as a temporary agricultural worker (H-2A visa) whose status has been terminated (with family hardship exceptions); (5) any alien who within five years of entry knowingly and for gain has aided another alien to illegally enter the United States; (6) any alien admitted as an additional special agricultural worker who fails to show the necessary number of seasonal work days; (7) any alien who gained U.S. entry through marriage fraud; (8) any alien convicted of a crime involving moral turpitude committed within five years from the date of entry and who is either sentenced or confined for a term of one year or longer; (9) any alien who at any time after entry is convicted of two or more crimes involving moral turpitude; (10) any alien who at any time after entry is convicted of a violation of certain drug laws; (11) any alien who is a drug abuser or addict; (12) any alien who at any time after entry is convicted under weapons-possession laws; (13) any alien who at any time is convicted on any of various specified loyalty laws (e.g. sabotage, treason and sedition, selective service, etc.); (14) any alien who fails to comply with alien registration laws or foreign agent registration laws; (15) any alien convicted of fraud or misuse of visas or other entry documents; (16) any alien engaging in activity which endangers the public safety or national security, including terrorist activity; (17) any alien who within five years after entry has become a public charge; (18) any alien who participated in Nazi persecutions; (19) any alien whose presence could endanger the lives or property of U.S. citizens living abroad; or (20) any alien whose presence could convey the impression of U.S. support for a government or group that the United States does not recognize or support, or whose presence could have a serious negative effect on U.S. diplomatic relations.
United States · United States Congress · 7 March 1989
Designates April 16, 1989, the 87th birthday of Rabbi Menachem Mendel Schneerson, as Education Day, U.S.A. Calls on heads of state of the world to join the President of the United States in this tribute by signing scrolls of honor commemorating the 40th anniversary of Schneerson's leadership of the Lubavitch movement. Welcomes the cooperation of the Department of State in extending the good office of the U.S. missions to the Lubavitcher emissaries.
United States · United States Congress · 7 March 1989
Requires the Architect of the Capitol to establish and implement a voluntary program for recycling paper disposed of in the operation of the House of Representatives.
United States · United States Congress · 6 March 1989
Financial Institutions Reform, Recovery and Enforcement Act of 1989 - Title I: Purpose - Specifies the purposes of this Act, including regulatory reform, the establishment of an independent insurance agency to provide deposit insurance, and the provision of improved supervision and enhanced enforcement powers. Title II: Federal Deposit Insurance Corporation Authorities and Responsibilities - Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to insure deposits held at savings associations as well as commercial banks. Increases the membership of the FDIC's Board of Directors from three to five members. Specifies that the additional two members shall be the Chairman of the Federal Home Loan Bank System and a citizen appointed by the President, by and with the advice and consent of the Senate. Revises certain definitions for the purposes of the Federal Deposit Insurance Act. Specifies that the term "insured deposit" shall include any liability which constituted an "insured account" within the meaning of the National Housing Act prior to the enactment of this Act, provided certain conditions are met. Specifies that the Federal Home Loan Bank System (FHLBS) shall be considered the appropriate Federal banking agency in the case of a savings association or a savings and loan holding company. Includes within the definition of "savings association" any institution that was supervised by the Federal Savings and Loan Insurance Corporation (FSLIC) prior to the enactment of this Act, a Federal savings and loan association or Federal savings bank, or a building and loan, savings and loan, homestead association, or a cooperative bank organized and operated under State law, or a corporation that the FDIC considers to be operating substantially in the same manner as a savings and loan association. Provides that every FSLIC insured savings association shall continue to be insured by the FDIC without application or approval. Provides that whenever a financial institution files an application or notice for membership with, or to commence or resume business with, the appropriate Federal banking agency, such agency must provide such application to the FDIC for comment. Requires such agency to take the FDIC's comment into account in deciding whether to grant the application. Provides that certain State financial institutions shall continue as insured institutions. Allows any Federal savings association authorized to do business by the FHLBS to become an insured financial institution upon the filing of an application with the FDIC together with a certificate issued by the FHLBS, unless insurance is denied by the FDIC. Sets forth procedures for the FDIC to evaluate such an application. Specifies the factors to be considered in granting or denying insurance coverage. Requires the FDIC to notify the FHLBS if such insurance coverage is denied, and to give specific reasons in writing for such denial. Requires every noninsured financial institution which becomes insured by the FDIC to pay any entrance fee prescribed by FDIC regulations. Requires that such fee be credited to either the Bank Insurance Fund (BIF) or the Savings Associations Insurance Fund (SAIF) depending on which fund the institution joins. Prohibits any insured financial institution from participating in any type of conversion transaction which would result in a change of membership from one such fund to the other without the approval of the FDIC. Places a five-year moratorium on the approval of such conversion transactions, except in limited circumstances. Requires financial institutions which participate in such conversion transactions to pay specified entrance and exit fees. Provides that whenever the FDIC incurs a loss in connection with the default of an insured financial institution, or in connection with providing assistance to an insured financial institution in danger of default, any other commonly-controlled insured financial institution shall be liable to the FDIC and on request shall reimburse the FDIC for any such loss. Specifies the method of calculating such liability. Sets forth procedures for imposing and collecting such liability. Limits the rights of any third parties in such proceedings. Provides that for a five-year period no BIF members shall be held liable for the default of a SAIF member and no SAIF members shall be held liable for the default of a BIF member. Defines "commonly-controlled" for purposes of determining such liability. Adds as a factor to be considered by the FDIC in evaluating applications for insurance coverage the risk presented to the Deposit Insurance Fund (DIF), the BIF, and the SAIF. Allows the FDIC, after reaching agreement with the other Federal banking agencies, to require insured financial institutions to file additional reports for insurance purposes. Requires the FDIC to set the assessment rate for insured financial institutions annually. Specifies that the annual assessment rate for BIF members shall be determined independently from the annual assessment rate for SAIF members. Prescribes the assessment rates for BIF members for 1989, 1990, and 1991 onward. Prescribes the assessment rates for SAIF members through 1990, for 1991 through 1993, and for 1994 onward. Allows the FDIC to raise or lower such assessment rates under specified circumstances. Limits any increase in the assessment rate to 50 percent over the annual assessment rate of the prior year. Specifies that such assessments shall be paid semiannually. Allows assessment credits to BIF members and SAIF members for years in which the ratio of the net worth of such funds to the value of insured deposits reaches a certain level. Specifies that such a credit shall be applied to the assessment becoming due for the next semiannual assessment period. Extends the provisions of the Change in Bank Control Act to savings associations as well as banks. Includes as an additional corporate power of the FDIC the authority to define any terms used in the Federal Deposit Insurance Act that are not specifically defined and to interpret the definitions of any terms that are not defined. Grants the FDIC the same authority to examine insured savings associations and to insure the deposits held at savings associations as it presently has with respect to insured banks. Establishes two insurance funds (the Bank Insurance Fund (BIF) and the Savings Associations Insurance Fund (SAIF)) to be used by the FDIC to carry out the insurance purposes of this Act. Specifies that such funds are both to be operated and administered by the FDIC. Requires such funds to be separately maintained and not commingled. Specifies that the BIF shall consist of the assets of the Permanent Insurance Fund and all amounts assessed of BIF members. Specifies that the SAIF shall consists of all amounts assessed of SAIF members (which are not required for the Financing Corporation or the Resolution Funding Corporation pursuant to this Act) and of funds provided by the Secretary of the Treasury according to a specific schedule for FY 1991 through 1999. Authorizes the Secretary to provide additional amounts for such fund if the minimum net worth of the fund falls below a certain level. Authorizes appropriations for such funds. Authorizes the FDIC to borrow funds for the use of the SAIF. Provides that such borrowings shall be a direct liability of the SAIF and shall be subject to certain limitations. Revises and defines the authorities and duties of the FDIC as the receiver or conservator for insured Federal financial institutions and for insured State financial institutions. Specifies that all insurance payments made on account of a closed bank or insured branch of a foreign bank shall be made only from the Bank Insurance Fund and all payments made on account of a closed savings association shall be made only from the Savings Association Insurance Fund. Provides that when the FDIC pays insurance to a depositor, the FDIC shall be subrogated to the depositor's claim against the financial institution. (Such right of subrogation now applies only to national banks.) Revises and defines the authorities and duties of the FDIC in the establishment of bridge banks in cases of failed or failing financial institutions. Authorizes the FDIC to use such bridge banks in the case of failed or failing financial institutions as well as banks. Increases from one to three the number of times a bridge bank may be granted a one-year extension of its corporate existence. Revises procedures for the termination and dissolution of bridge banks. Sets forth the method and procedures for the valuation and determination of claims by third persons against financial institutions in default. Establishes the FSLIC Resolution Fund (Fund). Specifies that such Fund shall be managed by the FDIC and shall be separately maintained and not commingled. Transfers to such Fund the reserves and assets, debts, obligations, contracts, and other liabilities of the FSLIC existing on the date of the dissolution of the FSLIC. Provides that such Fund shall be funded by: (1) income generated on the assets transferred to it; (2) proceeds of the resolution of insolvent thrift institutions which became insolvent prior to December 31, 1988 (to the extent such funds are not required by the Resolution Funding Corporation); (3) the proceeds from borrowings by the Financing Corporation; and (4) assessments on SAIF members levied prior to December 31, 1991, and not required by the Financing Corporation or the Resolution Trust Corporation. Provides for additional funding by the Secretary of the Treasury from appropriated funds in the event such other funds are insufficient. Limits any judgment resulting from a civil action against the FSLIC or the FDIC to the assets of such Fund. Dissolves such Fund upon the satisfaction of all debts and liabilities and the sale of all assets acquired in case resolutions. Requires that any funds remaining in such Fund be covered into the Treasury. Requires that any funds held in either the BIF or the SAIF must be invested in U.S. Government obligations or in obligations guaranteed by the U.S. Government. Requires that the funds from the BIF and the SAIF be invested separately and not commingled. Allows the FDIC to request a 90-day stay of any legal proceedings to which it becomes a party due to its acquisition of any asset or in the exercise of certain authorities. Requires the FDIC, in determining whether to provide assistance to financial institutions, to consider: (1) the immediate and long-term obligations of the FDIC with respect to such assistance; and (2) the Federal tax revenues which would be foregone. Provides that transfers of assets or liabilities associated with any trust business may be effected by the FDIC in connection with any asset purchase transaction without any further State or Federal approval. Revises provisions relating to certain agreements against the interests of the FDIC. Specifies that the Board of Directors of the FDIC may act by a 75 percent vote (current law requires a unanimous vote) in order to override a State's objection to an assisted interstate acquisition of an insured financial institution in default having $500,000,000 or more in assets. Revises certain rules relating to the interstate acquisitions of banks. Establishes separate rules relating to the interstate acquisitions of savings associations. Increases the borrowing authority of the FDIC from $3,000,000,000 to $5,000,000,000. Makes such borrowing authority subject to the approval of the Secretary of the Treasury. Limits any State or local tax penalties to which the FDIC may be subjected when acting as a receiver or conservator of a financial institution. Limits the borrowing of both the BIF and the SAIF to 50 percent of net worth or $10,000,000,000, whichever is less. Requires the FDIC to report to the Congress annually regarding its operations, activities, budget, receipts, and expenditures. (Current law requires an annual report regarding only the FDIC's operations.) Requires the FDIC to make quarterly reports to the Secretary of the Treasury and to the Office of Management and Budget with respect to the FDIC's financial operating plans and forecasts. Requires signs displayed by insured financial institutions to represent whether an institution is a BIF member or a SAIF member. Makes all insured financial institutions subject to the Bank Merger Act. Makes the FHLBS the responsible agency with respect to mergers where the acquiring, assuming, or resulting institution is to be a savings association. Provides that all insured State financial institutions, other than State member banks or district banks, would be subject to the requirement of prior FDIC consent to the reduction of capital. Requires any insured savings association which establishes or controls a new company or elects to conduct any new activity to notify the FDIC and the FHLBS. Requires such a savings association to deduct its investments in, and loans to, such company from its own capital for purposes of determining capital adequacy if the company is engaged in activities not permissible for a national bank. Grants the FDIC and the FHLBS certain enforcement powers with respect to any company controlled by an insured savings association. Authorizes the FDIC to determine activities which are incompatible with deposit insurance. Revises the statement of the policy of nondiscrimination against State nonmember banks under the Federal Deposit Insurance Act to include State savings associations. Eliminates the requirement of nondiscrimination on account of an institution having capital stock of less than the amount required for Federal Reserve membership. Title III: Savings Association Supervision Improvements - Amends the Home Owners' Loan Act of 1933 to specify the duties and responsibilities of the FHLBS with respect to the examination, supervision, and regulation of savings associations. States that such authorities are intended to encourage savings associations to maintain their role of providing credit for housing in a manner consistent with principles of safe and sound operation. Requires the FHLBS to prescribe accounting and disclosure standards for all savings associations. Provides that such standards shall incorporate generally accepted accounting principles to the same degree such principles are used to determine compliance with the rules and regulations of other Federal banking agencies. Requires that the rules, regulations, and policies of the FHLBS governing the operation of savings associations shall be no less stringent than those of the Comptroller of the Currency. Transfers specified provisions of the National Housing Act to the Home Owners Loan Act of 1933. Makes certain conforming name changes and certain technical amendments. Requires the FDIC to be appointed the receiver of insured State savings associations under certain circumstances. Requires insured State savings associations, as well as Federal savings associations, to abide by the rules of the FHLBS when converting from mutual to stock form or from stock to mutual form. Requires the FHLBS to establish for all savings associations capital standards that are no less stringent than those applied to national banks. Allows such capital standards to include goodwill as a component of capital. Specifies that in determining capital adequacy, any investments in, and loans to, a subsidiary engaged solely in mortgage banking activities shall not be deducted from the capital of savings associations. Requires that such capital standards must be fully implemented no later than June 1, 1991. Repeals specified provisions of the Home Owners' Loan Act of 1933 and the National Housing Act which provide capital forbearance to certain insured savings associations. Allows those savings associations operating under a capital forbearance plan previously approved pursuant to such provisions to continue to operate under such plans, provided such associations continue to adhere to such plans and continue to submit required reports. Provides that the expense of the examination of savings associations or their affiliates shall be assessed by the FHLBS upon savings associations in proportion to their assets or resources. Specifies procedures for making such assessments and remedies in cases where an affiliate refuses to pay examination costs, permit examination, or provide required information. Transfers provisions of the National Housing Act concerning the regulation of savings and loan holding companies to the Home Owners' Loan Act of 1933. Makes certain technical amendments to such provisions. Imposes certain sanctions upon savings associations that fail to achieve or maintain qualified thrift lender status. Requires such a savings association to convert its charter to a bank charter within three years unless it requalifies within one year. Prohibits such a savings association from engaging in certain activities until such conversion is complete. Treats a holding company which controls such a savings association as a bank holding company for all purposes of the Bank Holding Company Act of 1956. Charges an insurance fund exit fee upon such a conversion. Makes applicable to savings associations certain provisions of the Federal Reserve Act relating to transactions with affiliates and loans and extensions of credit to directors and controlling persons. Prohibits any savings association from carrying on any sale, plan, or practices or any advertising in violation of regulations promulgated by the FHLBS. Title IV: Dissolution and Transfer of Functions, Personnel, and Property of Federal Savings and Loan Insurance Corporation - Terminates the Federal Savings and Loan Insurance Corporation (FSLIC) 60 days after the enactment of this Act. Provides that all insurance and receivership functions previously performed by the FSLIC shall be performed by either the FDIC or the Resolution Trust Corporation. Provides for the continuation and enforcement of all rules, regulations, and orders of the FSLIC. Provides for the transfer of the personnel and property of the FSLIC to the FDIC and FHLBS. Requires the FSLIC to submit a written report of a final accounting of its finances and operations to the Secretary of the Treasury, the Office of Management and Budget, and the Congress immediately prior to its dissolution. Title V: Financing For Thrift Resolutions - Subtitle A: Resolution Trust Corporation - Establishes the Resolution Trust Corporation (RTC). Specifies the purposes of the RTC as: (1) carrying out a program to manage and resolve cases involving institutions insured by the FSLIC for which a receiver or conservator has been appointed or is appointed within three years following the enactment of this Act; (2) managing the assets of the Federal Asset Disposition Association (FADA); and (3) performing other authorized functions. Provides that the RTC shall have the same case resolution and financial assistance rights and powers as the FDIC. Specifies that the RTC shall not have the authority to obligate the FDIC or its funds and shall be subject to the same limitations as the FDIC in connection with providing assistance to, or liquidating or otherwise resolving cases involving, insured institutions. Establishes the Oversight Board of the RTC which shall consist of the Secretary of the Treasury, the Chairman of the Federal Reserve Board, and the Attorney General. Authorizes the Oversight Board to select a chief executive officer for the RTC. Specifies the corporate powers of the RTC. Specifies special powers of the RTC with respect to receiverships, conservatorships, and oversight of the institutions for which it is responsible. Requires the RTC to convert the FADA to a corporation or other business entity and to sell, wind down, or dissolve such corporation or entity within 180 days after the enactment of this Act. Authorizes the RTC to issue capital certificates to the Resolution Funding Corporation. Sets forth requirements and limitations concerning such capital certificates. Exempts the RTC from Federal, State, municipal, and local taxation, except taxes on real estate held by the RTC. Authorizes the RTC to remove any legal proceeding to which it may be a party from a State court to the U.S. District Court for the District of Columbia. Provides that any guarantees issued by the FSLIC after January 1, 1989, and before the enactment of this Act shall be converted into obligations, entitlements, and instruments of the RTC. Authorizes the RTC to borrow funds from the Treasury, on terms fixed by the Secretary of the Treasury, up to an aggregate of $5,000,000,000 outstanding at any one time. Subtitle B: Resolution Funding Corporation - Establishes the Resolution Funding Corporation (RFC). Specifies the purpose of the RFC as providing the RTC with the funds necessary to carry out the purposes of this Act. Establishes a directorate to manage the RFC which shall consist of: (1) the director of the Office of Finance of Federal Home Loan Banks; and (2) two members selected from the presidents of the Federal Home Loan Banks. Sets forth administrative provisions concerning the management of the RFC. Sets forth the powers and duties of the RFC. Provides for the capitalization of the RFC by the purchase of capital stock by Federal Home Loan Banks. Specifies the amounts each Federal Home Loan Bank shall invest in the capitalization of the RFC. Provides for additional sources of funds for the RFC. Limits the amount of bonds or similar obligations which the RFC may issue to $50,000,000,000. Provides that the RFC shall pay any interest due on such obligations from proceeds received by the RTC from the liquidation of financial institutions under its management. Provides that the proceeds of obligations issued by the RFC shall be invested in capital certificates issued by the RTC. Grants tax-exempt status to any obligations of the RFC. Terminates the RFC after the date by which all capital certificates purchased by the RFC in the RTC have been retired. Title VI: Thrift Acquisition Enhancement Provisions - Amends the Bank Holding Company Act to allow bank holding companies to acquire any savings association with the approval of the Federal Reserve Board beginning two years after the enactment of this Act. Prohibits the Federal Reserve Board from imposing any restrictions on transactions between a savings association and its holding company affiliates other than those restrictions presently imposed under the Federal Reserve Act. Amends the National Housing Act to allow a savings and loan holding company to hold up to five percent of the voting shares of an unaffiliated savings association or savings and loan holding company. Permits multiple savings and loan holding companies to acquire up to five percent of the voting shares of any non-subsidiary company. Title VII: Federal Home Loan Bank Act System Reforms - Subtitle A: Federal Home Loan Bank Act Amendments - Amends the Federal Home Loan Bank Act to abolish the Federal Home Loan Bank Board (FHLBB) and transfer all power and authority vested in the FHLBB to the Chairman of the Federal Home Loan Bank System (FHLBS). Provides that the FHLBS shall be a bureau of the Department of the Treasury. Provides that the Chairman of the FHLBS shall be appointed by the President, by and with the advice and consent of the Senate. Specifies that the Chairman of the FHLBB shall become the Chairman of the FHLBS. Sets forth administrative provisions concerning employees of the FHLBS. Provides that the FHLBS shall have and may exercise all functions which the FHLBB and the FSLIC exercised and which are not expressly transferred or consolidated into the FDIC or the RTC. Sets forth the procedures and requirements for the election of the Board of Directors of the Federal Home Loan Banks. Authorizes Federal Home Loan Banks to make loans to the Federal Deposit Insurance Corporation, subject to the concurrence of the Chairman of the FHLBS, for the use of the SAIF. Requires the senior supervisory employee of each Federal Home Loan Bank to report to the chief supervisory official of the FHLBS. Provides that such senior supervisory employee may be removed for cause by the Chairman of the FHLBS. Changes the name of the Federal Savings and Loan Advisory Council to the Thrift Advisory Council. Abolishes the Federal Savings and Loan Insurance Corporation Industry Advisory Committee. Subtitle B: Conforming Amendments - Makes specified conforming amendments to the Federal Home Loan Mortgage Corporation Act, the Deficiency Appropriation Act of 1936, the Housing Act of 1948, and the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Title VIII: Bank Conservation Act Amendments - Amends the Bank Conservation Act to revise provisions concerning the appointment of the FDIC as the conservator of a bank. Specifies the conditions under which the FDIC may be appointed as a conservator. Allows an affected bank to seek judicial review of the appointment of a conservator, except in cases where the bank has consented to the appointment of a conservator or the bank's deposit insurance has been terminated. Specifies that the Comptroller of the Currency shall have the exclusive power and jurisdiction to appoint a conservator for the bank. Requires the Comptroller to consult with the FDIC when examining and supervising an ongoing bank for which the FDIC has been appointed conservator, as long as the bank continues operations as an ongoing national bank. Revises provisions concerning the termination of a bank conservatorship. Revises the powers and duties of a conservator. Revises provisions concerning the liability of a conservator for acts performed pursuant to the conservatorship. Specifies that a conservator may be held liable only for acts which are found to be grossly negligent. Allows the Comptroller to indemnify the conservator. Title IX: Regulatory Authority and Criminal Enhancements - Enforcement Powers Improvement Act of 1989 - Subtitle A: Regulation of Financial Institutions - Makes technical amendments to the Federal Deposit Insurance Act with respect to a Federal banking agency's authority to impose sanctions on an "institution-related party" who participates in the affairs of an insured financial institution (both banks and savings associations.) Reduces from 120 days to 60 days the prior notice the FDIC must give of its intention to terminate a financial institution's deposit insurance. Reduces the period during which deposit insurance is continued in such cases from two years to a period of six months to two years at the discretion of the FDIC. Allows the FDIC to temporarily suspend deposit insurance upon a finding that an insured financial institution has no tangible shareholders' equity that qualifies under the capital guidelines or regulations of the appropriate Federal banking agency. Allows the appropriate Federal banking agency to issue cease and desist orders to require affirmative action to correct conditions resulting from certain violations or practices, including making restitution or reimbursement, providing indemnification, rescinding contracts, disposing of loans, or assets, restricting growth of the institution, or providing guarantees against loss. Allows such an order to limit the activities or functions of the financial institution of any institution-related party. Specifies that the FHLBS may exercise cease and desist authority with respect to savings and loan holding companies, any subsidiary of a savings and loan holding company, any service corporation of a savings association, and any subsidiary of any such service corporation. Revises the temporary cease and desist authority of the Federal banking regulatory agencies to delete the requirement that the agency must show a "substantial" dissipation of assets or a "serious" weakening of the condition of the financial institution. Provides that such a temporary order may place limitations on the activities or functions of the financial institution or prohibitions or restrictions on the growth of the institution or any institution-related party. Allows the use of such temporary cease and desist authority when a financial institution's records are so incomplete or inaccurate that the appropriate banking agency cannot determine the financial condition of the institution. Provides that such an order may require the institution to take such action necessary to restore the records to a complete and accurate state. Revises rules concerning the suspension or removal of any financial institution-related party. Deletes the requirement that the regulatory agency must show activity which results in "substantial" financial loss or other damage to the financial institution. Specifies the types of activity to be considered, including activity at any business institution or another financial institution other than the institution in question. (Current law provides for different standards depending on whether the activity took place at another institution or at the particular institution from which removal is sought.) Allows the temporary removal of an institution-related party pending a permanent removal if necessary for the protection of the institution or depositors. Provides that any institution-related party suspended or removed by such an order shall also be suspended or removed or prohibited from participation in the conduct of the affairs of any: (1) insured financial institution; (2) bank holding company or subsidiary; (3) Edge Act corporation; (4) service corporation or subsidiary; (5) savings and loan holding company or subsidiary; (6) federally-insured credit union; and (7) institution chartered under the Farm Credit Act of 1971. Exempts such a person from such industry-wide prohibitions if the appropriate Federal regulatory agency gives prior written approval. Specifies that such authority to proceed against any institution-related party shall not be affected by the resignation, termination of employment, or other separation of such person from an insured financial institution. Increases from $1,000 per day to $25,000 per day the civil penalty for the violation of a cease and desist order or an order for the suspension or removal of an institution-related party. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Imposes a $25,000 per day civil penalty (up to $1,000,000 per day in cases of reckless disregard for the safety and soundness of the financial institution) for a violation of: (1) any law or regulation relating to financial institutions; (2) any written condition imposed by the appropriate Federal banking agency in connection with the grant of any application or other request; or (3) any fiduciary duty. Imposes such penalty for any practice which results in a loss to the financial institution or pecuniary gain to the institution-related party. Imposes criminal penalties upon any person who participates in the affairs of any federally regulated financial institution, holding company, or subsidiary after having been suspended, removed from office, or prohibited from participating in the affairs of a financial institution by an order of the appropriate Federal banking regulatory agency. (Current law imposes criminal penalties only for participation in the affairs of the institution from which the person was prohibited, removed, or suspended.) Authorizes the Federal banking agencies to pay rewards for information which leads to a recovery which exceeds $50,000 in criminal fines, restitution, civil penalties, or forfeitures. Limits such a reward to the lesser of 25 percent of the recovery or $100,000. Prohibits a federally-insured financial institution from discharging or discriminating against any employee who provides information to any regulatory authority or to the Department of Justice regarding a possible violation of any law or regulation by the financial institution or its officers, directors or employees. Establishes a civil cause of action for any employee or former employee who believes he has been discharged or discriminated against in violation of such prohibition. Authorizes the FDIC to recommend that the FHLBS take any enforcement actions authorized with respect to any savings association. Requires the FDIC to take such action if the FHLBS does not take such enforcement actions. Increases from $100 per day to a maximum of $1,000,000 per day the penalty for unauthorized participation in the affairs of a financial institution by any person who has been convicted of any criminal offense involving dishonesty or a breach of trust. Makes both the depository institution and the individual involved subject to such penalty. (Current law makes only the depository institution subject to such penalty.) Imposes criminal penalties for the knowing violation of such prohibition, in addition to such civil penalty. Increases from $1,000 per day to $25,000 per day the civil penalty for specified violations of the Federal Reserve Act. Allows a penalty of up to $1,000,000 per day for any such violations made with reckless disregard for the safety and soundness of the financial institution. Amends the Bank Holding Company Act to increase the criminal and civil penalties for violations of such Act. Specifies that both criminal and civil penalties shall be cumulative. Increases the civil penalties for violations of the prohibitions against tying arrangements between subsidiaries of a bank holding company from $1,000 per day to $25,000 per day. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Makes similar increases in the civil penalty for refusal to permit examination of a national bank or affiliate and in the general civil penalty authority of the Comptroller of the Currency. Amends the Change in Bank Control Act to increase the civil penalties for violations of such Act from $10,000 per day to $25,000 per day. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Deletes the requirement that such a violation must be "willful." Sets forth procedures for the assessment and collection of such penalties. Amends the Bank Protection Act of 1968 to repeal requirements for insured financial institutions to submit reports with respect to security devices and procedures. Increases to $25,000 per day the penalty for national banks, State nonmember banks, Federal Reserve member banks, and bank holding companies which violate reporting requirements. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Revises such requirements to prohibit submission of any false, misleading, or incomplete reports or information. (Current law provides penalties only for failure to make required reports.) Subtitle B: Regulation by the Federal Home Loan Bank System - Specifies that the FHLBS shall have examination and supervision authority with respect to Federal savings associations. Requires savings associations to make reports of condition to the FHLBS. Imposes civil penalties of $25,000 per day for failure to submit such reports and for submitting false, misleading, or incomplete reports or information. Allows a penalty of up to $1,000,000 per day for violations of such reporting requirements from reckless disregard for the safety and soundness of a savings association. Increases the civil and criminal penalties for violations of the Savings and Loan Holding Company Act to conform with the penalties for Bank Holding Company Act violations. Provides that all ongoing litigation in which the FHLBB or the FSLIC are parties shall be pursued by either the FHLBS or the FDIC. Authorizes the FHLBS to continue certain pending enforcement actions initiated by the FHLBB or the FSLIC prior to the effective date of this Act. Subtitle C: Credit Unions - Amends the Federal Credit Union Act to revise the enforcement authority of the National Credit Union Administration (NCUA) to conform to the enforcement authorities of the other Federal banking regulatory agencies. Increases the penalties for violations of such Act to conform to the penalties for violations of other banking laws. Subtitle D: Right to Financial Privacy Act - Amends the Right to Financial Privacy Act to specify that the exceptions to the requirements of such Act apply to supervisory agencies of any financial institution, holding company, or any subsidiary of a financial institution or holding company. Specifies that such exceptions extend to: (1) any supervisory agency of financial records or information in the exercise of its supervisory regulatory or monetary functions, including conservatorship or receivership functions; (2) the Federal Reserve or any Federal Reserve bank in the exercise of its authority to extend credit to depository institutions and others; and (3) the RTC in the exercise of its conservatorship, receivership, or liquidation functions. Prohibits a financial institution which has been served a grand jury subpoena relating to possible crimes against financial institutions or regulatory agencies from notifying any customer whose records are sought or any other party about the existence or contents of any subpoena or any information that has been furnished to the grand jury in response to that subpoena. Impose criminal penalties for violations of such prohibition. Subtitle E: Criminal Enhancements - Amends the Federal criminal code to increase the criminal penalties and impose civil penalties for: (1) financial institution bribery; (2) financial institution misapplication and embezzlement; (3) false entries on the books of financial institutions; (4) fraud on a deposit insurer; (5) false statements or overvaluations concerning financial institutions; and (6) financial institution fraud. Sets forth procedures for the imposition of civil penalties and the collection of any such penalties. Specifies that all criminal and civil penalties shall be cumulative. Increases the statute of limitations pertaining to such crimes from five years to ten years. Provides for civil forfeiture and criminal forfeiture of any property derived from proceeds traceable to specified crimes affecting federally insured financial institutions. Amends the Federal Rules of Criminal Procedure to allow the disclosure of certain matters occurring before a grand jury to certain Government attorneys to assist in the enforcement of Federal criminal or civil law. Allows certain other disclosures when permitted by a court. Authorizes appropriations for FY 1989 to the Department of Justice for investigations and prosecutions involving financial institution crimes. Title X: Study of Federal Deposit Insurance and Banking Regulation - Requires the Secretary of the Treasury to study and report to the Congress on the Federal deposit insurance system, including an appropriate structure for the offering of competitive products and services to consumers consistent with standards of safety and soundness. Title XI: Miscellaneous Provisions - Amends the Federal Credit Union Act to delete the requirement that every credit union maintain with the National Credit Union Share Insurance Fund (NCUSIF) a deposit equal to one percent of the credit union's insured shares. Authorizes the National Credit Union Administration (NCUA) to assess an additional insurance premium if the operating level of the NCUSIF falls below a minimum level. Allows a credit union to expense the one percent deposit over an eight-year period. Requires the Comptroller of the Currency, subject to the approval of the Secretary of the Treasury, to fix the compensation of the employees of the Office of the Comptroller of the Currency. Directs the Comptroller to seek to maintain comparability with the compensation at the other Federal banking regulatory agencies.
United States · United States Congress · 6 March 1989
Military Child Care Act of 1989 - Directs the Secretary of Defense (the Secretary) to make a specified portion of FY 1990 operation and maintenance funding available for military child care only. Prohibits during FY 1990 the use of nonappropriated funds from parent fees, used for purposes of military child care, for any expense other than compensation of employees directly involved in the giving of child care. Directs the Secretary to establish a uniform training program for child care employees as a condition of employment. Requires the Secretary to increase the compensation of child care employees so that their compensation is comparable to other employees on the same military installation. Requires at least one employee at each military child development center to be a training and curriculum child care employee, with appropriate educational credentials and child care experience. Gives preference to qualified military spouses for employment as child care employees. Requires that additional child care personnel positions be made available in the Department of Defense. Requires a report on child care employee turnover. Directs the Secretary to issue uniform regulations for military child development centers on fees and priority for accepting children, with first priority given to single parents who are armed forces members and second priority given to dual service couples. Provides for child abuse prevention and safety in military child care. Directs the Secretary to establish: (1) a special task force to respond to allegations of widespread abuse at a military child development center; and (2) a national telephone hotline for reporting suspected child abuse or safety violations at a development center or family day care home. Provides for: (1) assistance from local authorities; (2) safety regulations; (3) inspections; (4) deadlines for remedying violations; and (5) installation of video cameras and recorders at such centers. Requires the Secretary, the Attorney General, and the Comptroller General to study and report to the Congress on areas of mutual concern in military child care and child abuse. Directs the Secretary to require the establishment of parent boards and parent participation programs at each military child care center. Amends the National School Lunch Act to extend the child care food program to Department of Defense programs overseas. Authorizes appropriations. Directs the Secretary to submit a report and plan to the Congress on demand for child care by military and civilian personnel in the armed forces over a specified five-year period. Directs the Comptroller General to study and report to the Congress on child care supply and demand outside the continental United States with respect to armed forces members and Department of Defense civilian employees.
United States · United States Congress · 2 March 1989
National Biological Diversity Conservation and Environmental Research Act - States that the conservation of biological diversity is a national priority. Requires Federal actions to be consistent with such goal. Amends the National Environmental Policy Act of 1969 to require that environmental impact statements on proposed Federal actions include any impacts on biological diversity. Requires Federal agencies to conduct annual reviews of their programs for consistency with the conservation of biological diversity pursuant to this Act and to report the results of such reviews to the President, the Council on Environmental Quality, and the Congress. Sets forth requirements for programs found to be inconsistent with this Act. Directs the President's Council on Environmental Quality to: (1) establish guidelines for consideration of biological diversity in the preparation of environmental impact statements; and (2) identify those biotic communities, species, and populations that appear to be in decline, in imminent danger of loss of viability, or otherwise of special concern. Directs the Administrator of the Environmental Protection Agency to review and comment on the adequacy of each environmental impact statement prepared under the National Environmental Policy Act of 1969 in assessing biological diversity impacts. Establishes a National Center for Biological Diversity and Conservation Research (Center) responsible for: (1) coordinating the collection of data pertaining to the national biota and supplementing and disseminating such information; (2) arranging and conducting surveys and supplementary research of the national biota; and (3) enhancing the application of biological data to the conservation of biological diversity. Establishes an Interagency Working Committee on Biological Diversity responsible for preparing a coordinated Federal strategy (Strategy) for conservation of biological diversity. Dissolves the Committee two years after this Act's enactment. Sets forth the required contents of such strategy and reporting requirements. Authorizes each agency represented on the Interagency Committee to provide grants to public agencies, private individuals, and organizations for projects to maintain or restore biological diversity. Requires that such grants be matched on at least an equal basis by the grantee, except when the grantee is a State or where the grant is provided for research. Directs each agency represented on the Interagency Committee to: (1) give high priority to research and personnel training directed towards implementation of the Strategy; and (2) assess the adequacy of its environmental research and training programs. Establishes, on a permanent basis, a National Scientific Advisory Committee on Biological Diversity which shall: (1) oversee the implementation of the Strategy; (2) advise the Interagency Committee and Federal agencies in the preparation and implementation of the Strategy; (3) assist in the coordination of interaction between Interagency Committee agencies and the Center; (4) assist in the evaluation of the impacts of proposed Federal activities on biological diversity; (5) assist in the review of Federal programs for consistency with the conservation of biological diversity and the adequacy of such programs in environmental research and training; and (6) serve as a general reference and advisory resource for the Nation in matters relating to conservation of biological diversity. Authorizes appropriations for the activities of the Center and the grant program for FY 1990 through 1992.
United States · United States Congress · 2 March 1989
Caribbean Basin Economic Recovery Expansion Act of 1989 - Amends the Caribbean Basin Economic Recovery Act (the Act) to repeal the termination date for duty-free treatment of beneficiary countries. Amends the Harmonized Tariff Schedule of the United States to grant duty-free treatment to articles (not over $600 in value) acquired in a beneficiary country. Increases from $800 to $1200 the personal exemption from customs duties of articles acquired in the U.S. insular possessions and from other countries. Amends the Act to require the United States Trade Representative (USTR), upon request of a beneficiary country, to enter into a bilateral agreement with that country establishing guaranteed access levels for textile products assembled in such country from qualifying fabrics (fabrics formed and cut in the United States and certain fabrics of foreign manufacture which are cut in the United States). Makes such products eligible for duty-free treatment. Provides that textile products that are assembled in a beneficiary country from qualifying fabric and incorporate findings and trimmings of foreign origin are eligible for guaranteed access and duty-free treatment if such findings and trimmings do not exceed 25 percent of the cost of the components of the assembled product. Directs the Secretary of Commerce to establish an advisory committee to provide to the Secretary descriptions of those fabrics that the committee recommends to be included on the list of fabrics likely to be utilized in the manufacture of textile products in beneficiary countries which: (1) are not formed in the United States; or (2) are formed in the United States but are in critical shortage. Expresses the sense of the Congress that the USTR, when negotiating bilateral textile agreements, should seek to obtain greater fairness, transparency, and stability in the administration by foreign countries of their obligations under such agreements, especially in the allocation of export certifications between U.S. and foreign firms. Sets forth provisions concerning "general duty-free quotas" and "national duty-free quotas" with respect to specified articles imported from beneficiary countries. Provides that duty-free treatment provided under the Act shall not apply to: (1) textile and apparel articles; (2) certain leather articles; (3) canned tuna; (4) petroleum and petroleum products; and (5) watches and watch parts. Requires the President to submit a specified report to the Congress every three years. Amends the Harmonized Tariff Schedule of the United States with respect to the allocation of quotas on sugars imported from beneficiary countries. Prohibits the USTR, in allocating any limitation on such imports, from: (1) reducing the percentage allocation made to the Philippines; (2) making an allocation to the Republic of South Africa; and (3) allowing the aggregate of the amounts of the base quota allocations to Caribbean Basin Initiative (CBI) countries for any quota year beginning after December 31, 1988, to be less than 371,449 metric tons, raw value. Requires any allocation for any quota of imported sugar from specified foreign countries for any year to be reallocated on a pro-rata basis among the CBI countries receiving allocations for that year if such allocation is suspended or terminated due to a threat to U.S. national security or foreign policy. Authorizes the President to enter into trade agreements with foreign governments for the purpose of granting compensation if the United States takes specified action inconsistent with its international obligations (including the General Agreement on Tariffs and Trade). Amends the Tariff Act of 1930 to require the International Trade Commission, when making determinations as to material injury with respect to antidumping and countervailing duty cases, to assess cumulatively the volume and effect of imports from a country designated as a beneficiary country under the Caribbean Basin Economic Recovery Act with respect to imports of like products from beneficiary countries. Directs the Commissioner of Customs to implement a pilot preclearance program during FY 1990 and 1991 to assess the extent to which the availability of preclearance operations can assist in the development of tourism in the Caribbean Basin. Prohibits the commencement of such operations unless the Commissioner of Customs and the Commissioner of Immigration and Naturalization make a specified joint certification. Requires the Commissioner to submit to the Congress a report regarding such program.
United States · United States Congress · 2 March 1989
Price Fixing Prevention Act of 1989 - Provides that in any civil action alleging a contract, combination, or conspiracy to set, change, or maintain prices (other than a maximum price) under the Sherman Antitrust Act: (1) evidence that a person who sells a good or service to the claimant for resale received from a competitor a communication regarding price competition by the claimant and in response terminated the claimant as a buyer (or refused to supply such goods or services) shall be sufficient to raise the inference that such person and such competitor engaged in concerted action to set, change, or maintain prices in violation of such Act (in such case, a termination or refusal to supply is in response to a communication if such communication is a substantial contributing cause of such termination or refusal to supply); (2) the fact that the seller and the purchaser of a good or service entered into an agreement shall be sufficient to constitute a violation of such Act; and (3) an agreement between the seller and the purchaser to terminate another purchaser as a dealer or to refuse to supply such other purchaser because of that purchaser's pricing policies shall constitute a violation of such Act, whether or not a specific price level is agreed upon.
United States · United States Congress · 2 March 1989
High Definition Television Competitiveness Act of 1989 - Title I: Tax Incentives for Research and Development - Amends the Internal Revenue Code to repeal: (1) the termination date of the tax credit for increasing research activities; and (2) provisions denying the tax deduction for amounts allowed as a research credit. Title II: Authority to Engage in Joint Actions to Promote Development - Amends the Communications Act of 1934 to prohibit the application of antitrust laws to any cooperative high definition television (HDTV) enterprise engaged in a joint research, development, or production venture with respect to which certain notification has been given. Title III: Federal Support for Development Initiatives - Requires the Secretary of Commerce to establish: (1) a program to provide general financial assistance to cooperative HDTV enterprises to promote the discovery, development, and commercialization of HDTV technology; and (2) a separate program to provide financial assistance to support pilot manufacturing projects and experimental community demonstration related to HDTV technology. Requires the Secretary to award such financial assistance competitively. Requires the Secretary to submit to each House of the Congress and the President: (1) quarterly reports on the state of progress of the research, development, and commercialization assisted under this title; and (2) a comprehensive report on the results of the financial assistance provided under this title. Authorizes appropriations. Title IV: Coordination of Federal Procurement of HDTV Technology - Requires the Secretary to submit to each House of the Congress recommendations for establishing a mechanism to coordinate procurements of HDTV technology by specified Federal agencies. Title V: International Trade - Requires the Secretary to submit a report to the President and the Congress on the implications for international trade of HDTV technology. Title VI: HDTV Broadcast Standard - Amends the Communications Act of 1934 to authorize to be appropriated to the Federal Communications Commission (FCC) $500,000 for FY 1989 to enable the FCC to prescribe a broadcast standard for HDTV.
United States · United States Congress · 2 March 1989
Caribbean Regional Development Act of 1989 - Declares it to be the policy of the United States in providing development and other economic assistance to the Caribbean to: (1) help the poor to participate in the development of their societies; (2) support development that is environmentally sustainable; (3) promote Caribbean self-reliance; (4) increase food security; (5) promote the diversification of industrial and agricultural production; (6) advance the process of regional economic integration; (7) support national programs of economic adjustment that promote the policies of this Act; (8) support employment generation while avoiding the displacement of traditional lines of small-scale production; (9) preserve and reinforce traditional Caribbean culture and social values; (10) consult with the intended beneficiaries of U.S. economic assistance; and (11) sustain the policies set forth in this Act, with adequate funding, for a minimum of ten years. Requires that priority in providing development assistance to the Caribbean shall be given to supporting indigenous Caribbean institutions (including farmers' unions, cooperatives, trade unions and other labor organizations, women's groups, and community organizations) that represent, work with, and benefit the poor. States that for purposes of determining the eligibility of any Caribbean country for development assistance, the per capita income of that country shall be deemed to be no greater than the per capita income for the Caribbean as a whole. Specifies that Economic Support Fund assistance (ESF) shall be used for assistance for those nations in the Caribbean that are experiencing a scarcity of foreign exchange. Provides that to the extent that such assistance is used to finance commodity imports, priority in the use of such assistance shall be given to the purchase of: (1) critical commodity imports by small- and medium-sized industries, farms, and cooperatives that have limited access to foreign exchange; and (2) key consumer goods in critically short supply. Provides that preference in the purchase of commodity imports purchased with ESF funds or with local currencies shall be given to commodities within the Caribbean region. Specifies that in providing assistance to the Caribbean area priority in the allocation of funds provided for development assistance and through the ESF and in the allocation of local currencies shall be given to: (1) food self-sufficiency; (2) integrated rural development; (3) community-based agro-industries; (4) financial resources for small- and medium-sized farm and manufacturing enterprises; (5) expansion of tourism; (6) regional integration; (7) upgrading technical and managerial skills; (8) enhancing the natural resource base; and (9) private sector development. Prohibits the provision of any assistance under the Foreign Assistance Act of 1961 (except for international narcotics control assistance) for: (1) any government of any country in the Caribbean that does not enforce internationally recognized worker rights; and (2) a Caribbean country if the provision of that assistance would be inconsistent with promoting respect for international recognized worker rights. Authorizes such assistance if that government is taking steps to implement laws that demonstrate significant advancement in providing internationally recognized worker rights throughout the country. Authorizes any person to file a petition with the Assistant Secretary of State for Human Rights and Humanitarian Affairs requesting that such assistance be terminated. Sets forth procedures for the Assistant Secretary to follow in making a determination of such request. Prohibits the Agency for International Development (AID) from providing any assistance, directly or indirectly, for the use of any chemical or other substance in the Caribbean if such use; (1) is not permitted under the public health laws of that nation; or (2) would not be permitted in the United States under U.S. public health laws. Specifies that in the provision of development assistance to the Caribbean, AID shall place emphasis on ensuring the active participation of Caribbean women in the development process. Requires AID to: (1) consult with Caribbean organizations that work with the poor in all stages of the design and implementation of assistance policies; and (2) monitor socioeconomic conditions in the Caribbean and the effect of economic assistance programs and policies on those conditions. Requires the Office of Technology Assessment to conduct an evaluation of and report to the Congress on the performance of AID in carrying out this Act. Requires the Administrator of AID to report annually to the Congress concerning AID's efforts to implement the provisions of this Act.
United States · United States Congress · 2 March 1989
Prohibits: (1) the relocation of Navajo and Hopi Indians for an 18-month period; (2) the expenditure of Federal funds during such period with respect to certain lands held in trust for the Navajo and Hopi Tribes; and (3) construction on such lands during such period, except such construction necessary for individuals already relocated to such lands. Establishes the Navajo and Hopi Relocation Advisory Commission to study: (1) the problems resulting from the implementation of the Navajo-Hopi Land Settlement Act of 1974; and (2) alternatives to relocations required under such Act that meet the needs of traditional members of both the Hopi and Navajo traditional governments. Directs the Commission to hold public hearings regarding the lands involved in the relocation. Requires the Commission, within one year after enactment of this Act, to submit to the President and to the Congress a report on the study, including recommendations for solutions to the implementation problems and viable alternatives to the relocations. Provides for the termination of the Commission 30 days after it submits its report. Provides for the payment of funds necessary to carry out the provisions of this Act out of amounts appropriated to the Navajo and Hopi Indian Relocation Commission.
United States · United States Congress · 2 March 1989
Designates 1989 as the Centennial Year of the National Zoo.
United States · United States Congress · 2 March 1989
Condemns the death threats issued by the Ayatollah Khomeini against Salman Rushdie and other persons associated with distribution of The Satanic Verses . Calls for repudiation of such threats and the immediate withdrawal of any monetary reward or martyrdom for the murder of Rushdie. Commends the European Community member States for condemning the threats and withdrawing their senior diplomats from Iran. Applauds President Bush for his statement of outrage against the Iranian Government's actions. Asks that the President direct Federal agencies to cooperate with State and local law enforcement authorities to protect commercial establishments that display and distribute The Satanic Verses .
United States · United States Congress · 2 March 1989
States that the United States should pursue the establishment of an International Criminal Court to assist in more effectively dealing with those acts of terrorism, drug trafficking, genocide, and torture that are criminal acts under international conventions. Calls for due process, a fair trial, and impartial judges in such a court. Urges the President to explore convening an international conference to pursue negotiation of a multilateral convention establishing such a court and calls for a report on progress made by the end of 1990. Calls on the Judicial Conference of the United States to report to the Congress by the end of 1990 on the feasibility of such a court.
United States · United States Congress · 2 March 1989
Calls upon the President to grant asylum to persons who seek asylum in the United States rather than serve in the South African armed forces.
United States · United States Congress · 1 March 1989
Veterans Nurse Pay Act of 1989 - Directs the Secretary of Veterans Affairs to restructure the current nurse grades of the Department of Veterans Affairs so as to provide four grade levels for nurses. (Current law provides for eight grade levels.) Specifies the relationship the new grade levels have with the current nurse grades and to pay grades under the General Schedule.
United States · United States Congress · 1 March 1989
Housing and Community Development Act of 1989 - Title I: National Housing Trust - National Housing Trust Act - Establishes the National Housing Trust in the Department of Housing and Urban Development to assist first-time homebuyers. Establishes in the Treasury the National Housing Trust Fund. Authorizes FY 1990 and 1991 appropriations. Title II: Rental Housing Production - Amends the Housing and Community Development Act of 1987 to make the rental development grant program permanent. Authorizes FY 1990 and 1991 appropriations. Amends the United States Housing Act of 1937 to: (1) eliminate area eligibility standards; and (2) revise project selection criteria. Title III: Community Housing Partnership Act - Community Housing Partnership Act - Subtitle A: Housing Education and Organizational Support Grants for Community Based Housing Projects - Authorizes the Secretary of Housing and Urban Development to provide housing education and organizational support grants directly to nonprofit organizations or indirectly to States and cities to assist such organizations. Authorizes FY 1990 and 1991 appropriations. Subtitle B: Community Housing and Partnership Grants - Authorizes the Secretary to provide community partnership grants directly to nonprofit organizations or indirectly to States and cities to assist such organizations. Divides appropriations among: (1) urban community housing partnership grants; (2) State community housing partnership grants; and (3) direct community housing partnership grants. Sets forth the following eligible activities: (1) technical assistance and site control loans; (2) seed-money loans; (3) matching grants or loans; and (4) technical and management assistance for nonprofit sponsors. Sets forth rental project and home ownership eligibility provisions, including: (1) occupancy by lower income families; (2) profit limitations; (3) funding coordination; and (4) affirmative action requirements. Authorizes FY 1990 and 1991 appropriations. Subtitle C: General Provisions - Defines specified terms for purposes of this Act. Title IV: Reauthorizations and Extensions of Housing and Community Development Programs - Subtitle A: Housing Assistance - Part I: Programs Under United States Housing Act of 1937 - Amends the United States Housing Act of 1937 to increase FY 1990 and 1991 lower income housing budget authority. Authorizes FY 1990 and 1991 appropriations for public housing operating subsidies. Authorizes the use of funds in FY 1990 and 1991 for public housing resident management technical assistance and training. Amends the Housing and Urban-Rural Recovery Act of 1983 to authorize FY 1990 and 1991 appropriations for public housing child care grants. Applies the provisions of this part relating to public housing to Indian housing authorities. Part 2: Other Housing Assistance Programs - Amends the Housing Act of 1959 to authorize FY 1990 and 1991 appropriations for housing for the elderly and the handicapped. Makes specified funds available in FY 1990 and 1991 for housing and services for frail elderly persons (as defined by this Act). Amends the Congregate Housing Services Act of 1978 to authorize FY 1990 and 1991 appropriations for congregate services. Amends the Housing and Urban Development Act of 1968 to authorize FY 1990 and 1991 appropriations for housing counseling. Extends and authorizes appropriations through FY 1991 for emergency home ownership counseling. Amends the Housing and Community Development Act of 1987 to extend the multifamily housing disposition partnership program through FY 1991. Extends and authorizes appropriations through FY 1991 for the Nehemiah housing opportunity grant program. Subtitle B: Rural Housing - Amends the Housing Act of 1949 to extend and authorize appropriations through FY 1991 for the rural housing loan and loan guarantee program. Extends program authority through FY 1991 for: (1) rental assistance payment contracts; (2) supplemental rental assistance contracts; (3) rental housing loans; (4) mutual and self-help housing grants and loans; and (5) rural area classification. Authorizes a deferred mortgage demonstration program. Subtitle C: Community Development and Miscellaneous Programs - Part I: Community and Neighborhood Development and Preservation - Amends the Housing and Community Development Act of 1974 to: (1) authorize FY 1990 and 1991 appropriations for the community development block grant program; (2) set aside funds for FY 1990 and 1991 for the special discretionary fund; (3) authorize FY 1990 and 1991 property acquisition loan guarantees; and (4) authorize FY 1990 and 1991 appropriations for the urban homesteading program. Amends the Housing Act of 1964 to extend and authorize appropriations through FY 1991 for the rehabilitation loan program. Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1990 and 1991 appropriations for the Neighborhood Reinvestment Corporation. Amends the Housing and Urban-Rural Recovery Act of 1983 to authorize FY 1990 and 1991 appropriations for the neighborhood development demonstration program. Authorizes Hartford, Connecticut, and Nanticoke and the boroughs of Plymouth and Forty Fort, in Luzerne County, Pennsylvania, to retain and use specified urban renewal land disposition proceeds and other community development funds. Part 2: Mortgage Insurance and Secondary Mortgage Market Programs - Amends the National Housing Act to extend authority through FY 1991 for the homeownership for lower income families program, including mortgage insurance authority and housing stimulus authority. Amends the Housing and Community Development Act of 1987 to authorize Federal Housing Administration mortgage insurance authority through FY 1991. Amends the Federal National Mortgage Association Charter Act to authorize Government National Mortgage Association (GNMA) loan guarantee authority through FY 1991. Part 3: Regulatory and Other Programs - Amends the Housing and Community Development Act of 1987 to extend and authorize appropriations through FY 1991 for the fair housing initiatives program. Amends the Housing and Urban Development Act of 1970 to authorize FY 1990 and 1991 appropriations for housing research and development. Amends the Real Estate Settlement Procedures Act of 1974 to provide for mortgage servicing transfer disclosure. Sets forth related penalty provisions. Requires the General Accounting Office to conduct a study of mortgage transfer activities and report to the appropriate congressional committees. Title V: Homeless Prevention - Amends the United States Housing Act of 1937 to: (1) obligate FY 1990 funds for section 8 programs; and (2) authorize FY 1990 and 1991 appropriations for the homeless. Amends the Housing and Community Development Act of 1987 to extend authority for the emergency low-income preservation program, including incentives to extend low-income use. Provides for the preservation of low-income affordability restrictions upon assistance program conversions under such Act. Amends the Housing Act of 1949 to prohibit the prepayment of rural housing loans on contracts entered into after the enactment of this Act. Amends the Housing and Community Development Act of 1974 to authorize additional FY 1990 and 1991 appropriations for conversions of in rem properties to permanent shelters for the homeless.
United States · United States Congress · 1 March 1989
Semiautomatic Assault Weapons Act of 1989 - Amends the Federal criminal code to prohibit the transfer or possession of a semiautomatic assault weapon (SAW) or ammunition feeding device, unless such weapon or device was lawfully possessed before the date this Act takes effect. Defines "semiautomatic assault weapon" to include: (1) any Kalashnikov, Uzi, or Colt AR-15 type semiautomatic firearm; (2) any semiautomatic weapon fed by an ammunition belt or feed strip; (3) any semiautomatic shotgun with a magazine, cylinder, or drum capacity exceeding six rounds of ammunition; and (4) any weapon designated as such by the Secretary of the Treasury. Specifies weapons not falling within such definition. Defines "ammunition feeding device" to include a detachable device which has a capacity of, or can be converted to accept, more than ten rounds of ammunition and which meets certain specifications. Requires the Secretary: (1) to compile and publish a list of weapons designated by the Secretary as SAWs; and (2) to periodically modify such list. Establishes guidelines in determining whether to designate a weapon as a SAW. Provides: (1) that the Secretary shall not be required to authorize the importation of SAWs; and (2) for enhanced penalties for possession or use of a SAW during a crime of violence or drug trafficking crime. Amends the Internal Revenue Code to apply firearms taxes and registration requirements to SAWs.
United States · United States Congress · 1 March 1989
Amends the Job Training Partnership Act to direct the Secretary of Labor to target certain pilot project funds for resident management corporations (and tenant organizations in the process of establishing such corporations) to develop and administer job training programs and business activities within public housing projects and their contiguous low-income communities.
United States · United States Congress · 1 March 1989
Class Size Demonstration Act of 1989 - Directs the Secretary of Education to make demonstration grants to local educational agencies having elementary and secondary schools with large classes in order to demonstrate the advantages of reducing the size of classes. Provides for the Federal share of program payments. Authorizes appropriations for FY 1990 and thereafter.
United States · United States Congress · 1 March 1989
Administrative Law Judge Corps Act - Establishes, in Washington, D.C., an Administrative Law Judge Corps (the Corps) comprised of all current administrative law judges. States that the chief administrative law judge shall be the chief administrative officer of the Corps as well as its presiding judge. Specifies the qualifications for chief judge. States that such judge shall be appointed by the President, with the advice and consent of the Senate. Directs the chief judge to submit annual reports to the President and the Congress. Establishes divisions (to number between four and ten) within the Corps, with each division headed by a division chief judge appointed by the chief administrative law judge, with the approval of the Council of the Administrative Law Judge Corps (the first division chief judge of each division shall be appointed by the President, with the advice and consent of the Senate). Sets forth qualifications for division chief judges. Identifies initial divisions and their respective areas of jurisdiction. States that the Corps' policymaking body shall be the Council of the Corps (the Council), comprised of the chief judge and the division chief judges. Authorizes the Council to determine matters of general Corps policy, including: (1) issuance of regulations for Corps proceedings; (2) creation or abolition of divisions or regional offices; (3) contractual transactions; and (4) delegation of functions to division chief judges. Establishes a Judicial Nomination Commission to submit a list of qualified nominees for positions of chief judge and division chief judges. Prescribes a procedure for recommending appointments to the President. Directs the Corps to appoint new judges from a register maintained by the Office of Personnel Management. Confers jurisdiction upon members of the Corps to adjudicate cases under specified sections of the Administrative Procedure Act. Requires cases arising under such sections to be referred to the Corps. Directs the Council to issue regulations for assigning such cases. Provides guidelines for the removal and discipline of administrative law judges. Establishes a Complaints Resolution Board within the Corps to recommend action upon complaints against the official conduct of judges. Details the membership of such Board and the procedures to be followed. Declares Board proceedings and the contents of complaints to be privileged and confidential. Exempts documents and reports considered by the Board from the disclosure and publication requirements of the Freedom of Information Act. Exempts the Board from compliance with the public meeting requirements of specified Federal law. Authorizes appropriations.
United States · United States Congress · 1 March 1989
Commercialized Childbearing Prevention Act of 1989 - Prohibits both U.S. and State courts from enforcing any agreement under which: (1) a woman agrees, in exchange for a benefit, to become pregnant, to give birth to the infant involved and to provide for the relinquishment of any parental rights and obligations with respect to such infant to an individual not her husband; or (2) a person agrees, in exchange for such relinquishment, to provide a benefit to such woman making the agreement. Prohibits the brokering of such agreements. Provides criminal penalties for violation of this Act.
United States · United States Congress · 1 March 1989
National Plumbing Products Efficiency Act of 1989 - Title I: Water Use Standards for Plumbing Products - Requires the Secretary of Commerce to prescribe test procedures for classified products. Directs the Secretary to establish water use performance standards for plumbing products classified as covered products. Requires such standards to be designed to achieve the maximum water efficiency which the Secretary determines is technologically feasible and economically justified. Sets forth maximum water use standards for the following products: (1) water closets; (2) urinals; (3) showerheads; and (4) faucets. Directs the Secretary to prescribe water use standards for any product that is classified as a covered product and manufactured and sold on or after the date that is three years after such product receives its classification. Describes the procedure for prescribing water use standards. Directs the Secretary to reevaluate such standards at the end of each five-year period after the date of enactment of this title. Requires the Secretary to publish the existing water use standards in the Federal Register and to allow a specified period for comment by interested persons. Directs the Federal Trade Commission to prescribe labeling and marking rules for each classified product. Directs the Secretary to study the feasibility of determining coverage for additional consumer products. Establishes a procedure for testing plumbing products and for maintaining test data. Directs the National Institute of Standards and Technology to assist the Secretary as necessary. Requires the Secretary of the Treasury to prescribe rules for any covered product offered for importation. Sets forth provisions for prohibited acts, enforcement procedures, and the commencement of civil actions under this title. Declares that standards, procedures, or rules under this title supersede State or river basin commission regulations. Provides for a waiver of Federal preemption over such State or river basin commission regulations. Directs the Secretary of Commerce to establish an advisory committee to report annually to the Congress on the implementation of this title by the Secretary and the Commission. Directs the Secretary to report annually to the Congress and the President on activities under this title. Authorizes appropriations for FY 1990 through 1994. Title II: Water Use Standards for Dishwashers and Clothes Washers - Amends the Energy Policy and Conservation Act to provide for the establishment of standards for water use by dishwashers and clothes washers.
United States · United States Congress · 1 March 1989
Urban Homestead Act of 1989 - Amends the United States Housing Act of 1937 to make the tenant ownership program authority permanent. Directs the Secretary of Housing and Urban Development to provide financial assistance directly to resident management corporations for homeownership technical assistance. Expands resident management corporation authority to replace purchased public housing units.