United States · United States Congress · 8 January 1987
Amends the Internal Revenue Code to provide that specified minimum tax and accounting rules applicable to installment obligations shall not apply to obligations arising from sales of property by nondealers.
United States · United States Congress · 8 January 1987
On-Site Day Care Privatization Act - Amends the Internal Revenue Code to allow an income tax credit to employers for the expenses of establishing and operating an on-site dependent care facility. Sets the amount of such credit at 15 percent of the expenses paid by an employer during the first year of operation of such a facility and ten percent of the wages paid to individuals performing dependent care services during the second year of operation of such a facility.
United States · United States Congress · 8 January 1987
Asset Indexing Act of 1987 - Amends the Internal Revenue Code to require an inflation adjustment, based on the gross national product deflator, to the adjusted basis of certain assets (corporate stock and real property held for more than one year which is a capital asset or property used in a trade or business) at the time of sale or exchange, solely for the purpose of determining gain or loss on such assets. Excludes from such treatment: (1) creditors' interests; (2) options; (3) net lease property in the case of a lessor; (4) preferred stock with fixed dividends; and (5) stock in small business corporations, personal holding companies, and certain foreign corporations.
United States · United States Congress · 8 January 1987
Constitutional Amendment - Proclaims the English language to be the official language of the United States. Grants the Congress the power to enforce this article by appropriate legislation.
United States · United States Congress · 8 January 1987
Amends House Resolution 12, 100th Congress, agreed to January 7, 1987, to prohibit Members of the Select Committee to Investigate Covert Arms Transactions with Iran from voting by proxy.
United States · United States Congress · 8 January 1987
Amends rule X of the Rules of the House of Representatives to require each standing committee to review, on a continuing basis and when considering public bills or resolutions, those portions of the President's Private Sector Survey on Cost Control (Grace Commission report) pertaining to such committee's jurisdiction. Amends rule XI to require each committee report on a public bill or resolution to contain: (1) an identification of each recommendation of the Survey to be implemented and the resulting estimated program cost savings or revenue enhancement; and (2) a statement setting forth the disposition of each recommendation pertaining to such bill or resolution.
United States · United States Congress · 6 January 1987
Prohibits the President from relinquishing or transferring to any country any land, U.S. territory, exclusive economic zone, fishery conservation zone, or any U.S. claim to such areas unless provided for in a treaty between the United States and such country. Declares that a boundary between the United States and any other country may be established only by treaty.
United States · United States Congress · 6 January 1987
Makes it a Federal offense, punishable by imprisonment for not more than ten years, for any person to intentionally donate blood, semen, or an organ if such person knows he: (1) has acquired immune deficiency syndrome (AIDS); (2) has had sexual relations with a male since 1977; (3) is an intravenous drug user; (4) has received a blood transfusion within the past year; (5) is a hemophiliac who has used a clotting factor; or (6) has engaged in prostitution since 1977.
United States · United States Congress · 6 January 1987
Makes it an offense for any Federal officer or employee or member of the armed forces, knowing that he or she has acquired immune deficiency syndrome (AIDS), an AIDS-related condition, or having been reliably informed that he or she has been found to have HTLV-III LAV antibodies, to knowingly transfer or attempt to transfer any of his or her bodily fluid to another individual: (1) while employed as such an officer, employee, or member; or (2) in any Federal facility. Requires anyone convicted of such offense to be quarantined for five years under supervision of the Public Health Service or until there is a cure, whichever occurs first. Defines "bodily fluid" and "transfer." Creates as an affirmative defense for anyone charged with such offense proof that: (1) the use of a condom prevented the transfer of bodily fluids, after consent following full disclosure of the risk; or (2) that such transfer occurred after advice from a physician that he or she was noninfectious. Limits consent or previous AIDS infection of the transferee as a defense.
United States · United States Congress · 6 January 1987
Requires any State receiving Federal funds for acquired immune deficiency syndrome (AIDS) counseling and education to: (1) have a system to trace the partners of individuals with AIDS; (2) test those individuals for AIDS; and (3) counsel those individuals about the infectious nature of the syndrome.
United States · United States Congress · 6 January 1987
Requires any individual imprisoned in a Federal correctional institution, or in a correctional facility which receives Federal funds, and any individual seeking permanent residence in the United States to be tested for acquired immune deficiency syndrome (AIDS) or the virus HTLV-III/LAV. Requires any individual identified as a result of such test as a carrier of AIDS to be notified and counseled about the risks of spreading it.
United States · United States Congress · 6 January 1987
Authorizes the President to provide military assistance to the National Union for the Total Independence of Angola (UNITA). Authorizes appropriations for such purpose for FY 1987.
United States · United States Congress · 6 January 1987
Permits certain veterans with service-connected disabilities who are retired members of the uniformed services to receive compensation concurrently with retired pay, without deduction from either.
United States · United States Congress · 6 January 1987
Revises Federal procedures regarding the establishment of interstate cost estimates to direct the Secretary of Transportation to apportion such estimates for construction funds and substitute highway and urban transit projects on October 1 of 1987-1989, using the Federal share of the latest transmitted estimate (as adjusted), if the Congress has not approved such estimates by that time.
United States · United States Congress · 6 January 1987
Haym Salomon Memorial Act of 1987 - Authorizes the American Jewish Patriots and Friends of Haym Salomon to place in the Capitol Building or on the Capitol Grounds a statue of Haym Salomon, a revolutionary war patriot of Polish and Jewish background. Authorizes such organization to also erect a monument to Haym Salomon on Federal land in the District of Columbia. Subjects the selected site, design, and plans for the memorial to the approval of the National Commission of Fine Arts and the National Capital Planning Commission.
United States · United States Congress · 6 January 1987
Truth in Government Accounting Act of 1987 - Requires the Secretary of the Treasury to prepare and make public annual consolidated financial statements for the United States based on accrual accounting procedures. Directs the Secretary to publish such statements each year on a date not later than the date the President submits the Federal budget to the Congress. Directs the Secretary to notify the public of the availability of such statements, including placing notice on all tax forms. Requires the Comptroller General to audit the consolidated financial statements each fiscal year. Requires the President to include in each budget a summary of how the use of accrual accounting procedures would affect the estimated Federal expenditures, appropriations, and receipts. Requires the Director of the Office of Management and Budget to prepare all of the budgets submitted to the President according to both accrual accounting procedures and the cash basis accounting method.
United States · United States Congress · 6 January 1987
Competition Enhancement and Tax Relief Act of 1987- Amends the Internal Revenue Code to allow a five percent investment tax credit after 1987 for tangible property which: (1) is used as a part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas water, or sewage disposal services; (2) constitutes a research facility used in connection with such activities; or (3) constitutes a facility used in connection with such activities for the bulk storage of fungible commodities. Exempts from estate taxes the transfer of an interest in a closely held business to a qualified heir of the decendent. Exempts from gift taxes the transfer of an interest in a closely held business to a member of the donor's family. Allows the nonrecognition of gain realized from the sale or exchange of the entire interest in an unincorporated trade or business to the extent such gain is used within a 24-month period to purchase property used in an unincorporated trade or business which is entirely owned by the taxpayer. Increases from $10,000 to $25,000 the annual limitation on the expensing of certain depreciable business assets. Requires the public availability of the annual returns of tax-exempt organizations. Denies special mailing privileges to organizations which are taxed on unrelated business income. Makes applicable to the Internal Revenue Service provisions of the Regulatory Flexibility Act relating to rule making. Provides that, for purposes of employee benefit plans, a leasing organization shall be deemed to be the sole employer of a leased employee if: (1) the organization retains the right to hire, transfer, pay, and direct the manner of the employee's performance of services; (2) the organization is responsible for paying its employees regardless of receiving fees from the recipient; (3) any employee benefits provided are comparable and nondiscriminatory among all employees; and (4) the organization bills the recipient on a total fee rather than a direct cost pass-through basis.
United States · United States Congress · 6 January 1987
Amends the Internal Revenue Code to reduce the alternative tax on capital gains realized by a corporation from 34 percent to ten percent of net capital gains. Provides for cost-of-living adjustments to such rate. Eliminates the holding period requirement for capital assets.
United States · United States Congress · 6 January 1987
Financial Services Competitive Enhancement Act of 1987 - Amends the Banking Act of 1933 to: (1) allow a member bank of the Federal Reserve System to be affiliated with a depository institution securities affiliate or with a bank service corporation engaged in activities permissible for a depository institution securities affiliate; and (2) permit an officer, director, or employee of a member bank to serve at the same time as an officer, director, or employee of such an affiliate or corporation. Amends the National Bank Act to authorize national banks to: (1) provide portfolio investment advisory, management, information, forecasting, and research services to individual and institutional customers in combination with or separate from the purchase or sale of securities for such customers; (2) engage in activities consisting of insurance agency or brokerage, real estate brokerage or related services, homeownership and financial counseling, tax return preparation and tax planning, armored car services, travel agency services, or check guarantee, collection agency, or credit bureau services; and (3) invest in tangible personal property for rental or sale, provided such investment does not exceed ten percent of the bank's assets. Authorizes the Comptroller of the Currency to permit national banks to exercise any powers granted to, or to conduct any activities permitted for: (1) Federal savings and loan associations; or (2) State banks in the State in which the national bank is headquartered. Amends the Bank Holding Company Act to define, for purposes of such Act; (1) "depository institution securities affiliate" as any corporation that engages in the United States in the activities of such an affiliate, a broker, or a dealer under the Securities Exchange Act of 1934, or an investment adviser under the Investment Advisers Act of 1940; (2) "depository institution holding company" as a bank holding company; (3) "depository institution" as a bank; and (4) "insured institution" as defined under the National Housing Act. Provides that provisions prohibiting any action that causes a company to become a bank holding company shall not apply where: (1) the company provides 30 days' notice to the Federal Reserve Board; (2) the company acquires control of a bank through a reorganization in which persons exchange their shares of the bank for the same proportional share interest in a newly formed bank holding company; (3) such bank holding company meets capital and financial standards prescribed by the Board and does not conduct activities other than banking or managing and controlling banks or related financial activities. Permits a bank holding company to acquire and retain ownership or control of shares of any company or insured institution the activities of which consist of: (1) financial activities related to banking or managing or controlling banks; (2) insurance underwriting, agency, or brokerage activities; or (3) real estate investment, development, brokerage, or related services. Prohibits a bank holding company from engaging in authorized activity de novo or by acquisition unless it provides the Board 60 days' notice and the Board does not, within such 60 days, issue an order disapproving the proposal or suspending the 60-day period in order to obtain more information. Permits the Board to provide for no notice requirement, or for a shorter notice period, with respect to particular activities. Includes among the criteria the Board may consider in evaluating such a notice: (1) the managerial, technical, and financial resources of the companies involved; (2) any practice that may adversely affect the impartiality of an affiliated bank in the provision or terms of credit or other services; (3) any material adverse effect on the safety and soundness or financial condition of an affiliated bank; and (4) whether any acquisition would substantially lessen competition or tend to create a monopoly. Requires the Board to approve such a notice with appropriate limitations, restrictions, or conditions that could cure deficiencies which otherwise would result in disapproval of the notice. Prohibits the Board from limiting, restricting, or conditioning the authority under Federal or State law of an insured institution, or an affiliate or subsidiary thereof, acquired by a bank holding company. Directs the Board, in the case of notice disapproval, to explain why notice deficiencies could not be cured by limitations, restrictions, or conditions. Permits a bank holding company to obtain judicial review of a Board order approving a notice with limitations, restrictions, or conditions. Directs the Board, under specified guidelines, to promulgate regulations designating particular financial activities that are reasonably or functionally related to banking or managing or controlling banks. Applies restrictions on interstate acquisitions by bank holding companies under the Bank Holding Company Act to acquisitions of insured institutions, except for emergency acquisitions. Allows any insured institution that becomes a bank holding company subsidiary to retain its existing branches, but limits its future branches to locations where a national bank may establish branches. Permits the Board to dispense with notice and hearing requirements for any application for an acquisition of a thrift institution in an emergency. Permits a bank holding company to acquire shares of any insurance company and engage in any insurance activity notwithstanding any State laws, but subjects such insurance company to State examination, supervision, and licensing requirements. Permits a bank holding company, subject to requirements concerning providing notice to the Board, to acquire and retain ownership or control of: (1) any depository institution securities affiliate which may conduct specified securities activities; (2) any company engaged in any activity in which a multiple savings and loan holding company was authorized to engage directly on the date of enactment of this Act; (3) any company providing homeownership and financial counseling; (4) any company in the business of preparing tax returns and tax planning; (5) any company providing armored car services; (6) any company providing check guaranty, collection agency, or credit bureau services; or (7) any company providing travel agency services. Subjects Board orders regarding bank holding company acquisitions to judicial review solely on questions relating to any Board finding: (1) that a proposed activity is permissible for a bank holding company; and (2) regarding a substantial lessening of competition or tendency to create a monopoly. Prohibits the reviewing court from staying the Board's order approving such acquisition pending judicial review or overturning the Board's findings, unless demonstrated to be plainly in error and at variance with the facts. Permits the court to assess litigation fees against any party that petitions for judicial review if the court finds such petition to be nonmeritorious. Sets forth reporting and examination requirements for nonbank subsidiaries of bank holding companies. Provides for the use of reports required by other statutes or agencies. Prohibits any State from prohibiting the affiliation of a national banking association with a depository institution securities affiliate or other company in which a bank holding company may acquire an interest under this Act. Amends the Bank Service Corporation Act to permit a Federal Deposit Insurance Corporation-insured bank to invest up to three percent of its total assets (currently, ten percent of paid-in and unimpaired capital and unimpaired surplus) in one bank service corporation and up to 15 percent (currently, five percent) of its total assets in bank service corporations overall. Permits a bank service corporation to engage in nonbanking activities permitted for bank holding companies, except for those of an insured institution. Subjects investment by an insured bank in, and the performance of nonbanking activities by, a bank service corporation to the notice requirements, evaluation criteria, Board order provisions, judicial review procedures, reporting and examination requirements, and antitrust standards applicable to acquisitions and the performance of nonbanking activities by bank holding companies. Provides that provisions prohibiting a corporation from discriminating in the provision of services to nonstockholding institutions shall apply only to corporations which provide services to any nonstockholding institution. Designates the Board as the appropriate regulatory agency of a bank service corporation engaged in such nonbanking activities. Amends the Federal Reserve Act to exempt from provisions restricting transactions between member banks and their affiliates purchases of assets having a readily identifiable and available (currently, publicly available) market quotation when the purchases are made at the market quotation price. Amends the Federal Deposit Insurance Act to authorize the Board to bring cease-and-desist proceedings against a bank holding company's nonbank subsidiary for activity which may: (1) affect the safety and soundness of any bank owned or controlled by the holding company; or (2) violate any banking law, rule, regulation, or order.
United States · United States Congress · 6 January 1987
Title I: Budgetary Treatment of Airport and Airway Trust Fund - Prohibits the receipts and disbursements of the Airport and Airway Trust Fund which are allocable to the transportation-related operations of such Fund from being included in either the Federal budget as submitted by the President, or in the congressional budget. Exempts such Trust Fund from any general statutory budget limitation. Amends the Airport and Airway Improvement Act of 1982 to require the Secretary of Transportation (the Secretary) to estimate: (1) the amount of unfunded aviation authorizations at the close of the next fiscal year; and (2) the net aviation receipts for the 24-month period beginning at the close of such fiscal year. Prescribes adjustment procedures for certain unfunded aviation authorizations, and for aviation apportionments. Requires the Secretary to report such estimates to specified congressional committees. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to exempt specified Airport and Airway Trust Fund activities from any sequestration order issued under a certain section of the Act. Amends the Congressional Budget and Impoundment Control Act of 1974 to prohibit the Congress from considering specified changes to the Airport and Airway Trust Fund. Title II: Reduction in Aviation-Related Taxes - Amends the Internal Revenue Code to provide for reduced specified aviation-related taxes, including the tax on noncommercial aviation gasoline. Requires the Secretary to determine annually and to publish in the Federal Register: (1) the unobligated balance of the Airport and Airway Trust Fund; and (2) certain obligations and appropriations. Limits such tax reductions to certain years when obligations of and the unobligated balance in the Trust Fund meet specified criteria.
United States · United States Congress · 6 January 1987
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to remove the limitation on the amount of outside income which a beneficiary may earn without incurring a reduction in benefits.
United States · United States Congress · 6 January 1987
Declares that the United States: (1) condemns the seven years of Soviet aggression against the Afghan people; and (2) urges the conclusion of a negotiated political settlement based on the complete withdrawal of foreign troops, restoration of the independent status of Afghanistan, self-determination for the Afghan people, and the safe return of the Afghan refugees.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are not greater than total receipts. Permits the Congress in such statement to provide for a specific excess of outlays over receipts by a three-fifths vote. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the increase in national income in the last calendar year, unless a bill directed solely to approving specific additional receipts is enacted. Requires the President, prior to each fiscal year, to transmit to the Congress a proposed statement of receipts and outlays for that year consistent with the provisions of this article. Permits the Congress to waive the provisions of this Act with respect to any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing, and total outlays shall include all outlays of the United States, except those for repayment of debt principal. Declares that the amount of Federal public debt as of the first day of the second fiscal year beginning after the ratification of this article shall become the permanent debt limit. Prohibits any increase in such limit unless three-fifths of the whole number of each House of the Congress pass a bill approving such increase and such bill becomes law.
United States · United States Congress · 6 January 1987
Establishes the Joint Committee on Intelligence. Declares that such committee has exclusive legislative jurisdiction with respect to any intelligence activity of the Federal Government and authorizations for appropriations for specified agencies and intelligence-related activities. Directs the joint committee to classify its information and records and to establish guidelines for their maintenance, use, and availability. Sets forth procedures for the disclosure of such information. Directs the joint committee to establish and carry out rules and procedures necessary to prevent the unauthorized disclosure of information. Makes conforming amendments to the National Security Act of 1947 and the Rules of the House of Representatives, including abolishing the Permanent Select Committee on Intelligence.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Defines "person" to include the unborn for the purpose of the right to life guarantee. Exempts from applicability of this amendment laws permitting medical procedures required to prevent the death of the mother.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Allows the President an item veto of appropriations bills. Requires the President, in signing such a bill, to designate the provisions disapproved and return the bill to the House in which it originated. Subjects such bills to the same proceedings as other bills disapproved by the President.
United States · United States Congress · 6 January 1987
Declares that the Congress disapproves of The Prohibition of Discrimination in the Provision of Insurance Act of 1986, an Act passed by the District of Columbia Council and signed by the Mayor of the District of Columbia.
United States · United States Congress · 6 January 1987
Amends rule XV of the Rules of the House of Representatives to prohibit the House from passing or adopting any bill or joint resolution making appropriations or providing revenue except by a rollcall vote.
United States · United States Congress · 6 January 1987
Expresses the sense of the Congress that States should enact legislation which: (1) requires that the blood tests required for couples seeking to be married include testing for acquired immune deficiency syndrome (AIDS), AIDS-related complex, and testing to determine if the individual is a carrier of the virus which causes AIDS; (2) requires the tracing and counseling of such individuals found to have AIDS or to be carriers of AIDS; (3) encourages designated hospitals to offer blood transfusions directly between the blood donor and recipient; (4) requires individuals seeking to be licensed as health care professionals to test negatively for AIDS, AIDS-related complex, and the AIDS virus; (5) permits nurses to wear protective garments when dealing with AIDS patients; (6) prohibits the operation of public baths; and (7) requires all persons who are seeking a marriage license who have been arrested for prostitution, who are imprisoned in a State, or who are seeking permanent residence in the United States to be tested for AIDS or the virus HTLV-III/LAV (providing that any individual found to be an AIDS carrier shall be notified of the test results and counseled about the risks of spreading AIDS).
United States · United States Congress · 6 January 1987
Expresses the sense of the Congress that the rate reductions contained in the Tax Reform Act of 1986 for the years 1987, 1988, and thereafter should take effect as scheduled in such Act.
United States · United States Congress · 17 October 1986
Declares that the House of Representatives deplores the practice of phantom voting in elections and urges the States to take necessary action to purge voter registration lists of invalid names and addresses, and to use validated voter registration lists in future elections. Directs the Comptroller General to study the general election of 1984 to determine the extent of phantom voting and to report to the House within six months.
United States · United States Congress · 9 October 1986
Denies most-favored-nation treatment to imports from Yugoslavia unless, within ten days of enactment of this Act, the President reports to the Congress that Yugoslavia has released all U.S. citizens who have been detained without justification and that Yugoslavia has ceased to implement a program which results in such unjustified detainment of U.S citizens. Requires such denial of most-favored-nation treatment, if it goes into effect, to remain in effect until such conditions are met.
United States · United States Congress · 2 October 1986
Affirms the intent of the Ninety-ninth Congress to oppose any increase in individual or corporate tax rates, or the reduction or elimination of deductions and credits without corresponding tax rate reductions. Calls upon the One hundredth Congress to adopt such a policy.
United States · United States Congress · 11 September 1986
Expresses the sense of the House of Representatives that the President should convene a summit meeting of world leaders to adopt a program against international terrorism.
United States · United States Congress · 15 August 1986
Amends the Export Administration Act of 1979 to direct the Secretary of Commerce to establish a western regional office with the authority to issue export licenses.
United States · United States Congress · 15 August 1986
Declares that the Congress: (1) calls upon the Soviet Union to cease interference with radio broadcasting, particularly the Voice of America; (2) urges the President to enter into discussions with the Soviet Union with respect to such interference; and (3) calls upon the people of the world to lend their support in this effort.
United States · United States Congress · 15 August 1986
Expresses the sense of the Congress that the member nations of the General Agreement on Tariffs and Trade (GATT) should: (1) negotiate further reductions in tariffs and strengthen the rules governing nontariff barriers; (2) establish rules governing the use of safeguard actions (including voluntary restraint agreements and marketing arrangements) to ensure that such actions contribute to trade adjustment without shifting the burden to other trading countries; (3) develop rules governing agricultural trade (including the elimination of export subsidies and barriers to agricultural markets) and foreign investment; (4) establish enforceable mechanisms for the protection of intellectual property; and (5) strengthen and streamline the GATT dispute settlement procedures.
United States · United States Congress · 14 August 1986
Requests the entertainment industry to: (1) refrain from producing material which glamorizes or encourages the use of illegal drugs; and (2) develop material which encourages the rejection of illegal drug usage.
United States · United States Congress · 11 August 1986
Requires the President to: (1) deploy armed forces equipment and personnel to halt aircraft and vessels carrying narcotics across U.S. borders; (2) deploy radar aircraft for continuous aerial radar coverage of the southern U.S. border during darkness; (3) deploy both rotor and fixed wing aircraft for pursuit and seizure purposes; and (4) use National Guard and Reserve members and U.S. Customs Service and Coast Guard personnel and equipment for purposes of these activities. Prohibits such military personnel from making arrests aboard any aircraft or vessel, unless they are in hot pursuit. Requires the President to withhold Federal funding from any National Guard unit whose State does not cooperate in this drug interdiction program. Requires all program expenses to be borne by the Department of Defense. Requires the President to substantially halt border crossings by narcotic-carrying aircraft and vessels within 45 days after enactment of this Act. Requires the President to: (1) report to the Congress within a specified time; (2) request funds from the Congress for FY 1986 and 1987 for purposes of the program; and (3) submit a request in the budget for the Department of Defense for such funds every year beginning in 1988.
United States · United States Congress · 29 July 1986
Amends the Federal Aviation Act of 1958 to prohibit air carriers from discriminating against handicapped persons. Directs the Secretary of Transportation to: (1) revise Federal regulations regarding the carriage of handicapped persons to ensure that all subparts of such regulations apply to all air carriers; (2) review air carrier procedures for the carriage of handicapped persons; and (3) direct that such procedures be brought into conformity with Federal regulations.
![Official portrait of Rep. Badham, Robert E. [R-CA-40]](https://www.congress.gov/img/member/b000024_200.jpg)