United States · United States Congress · 23 January 1991
Amends the Internal Revenue Code to make permanent the provisions permitting small issues of tax-exempt bonds to finance manufacturing facilities and farm property.
United States · United States Congress · 23 January 1991
Urges the President to seek: (1) the establishment by the United Nations of a permanent commission to investigate war crimes and a permanent international war crimes tribunal; (2) the investigation by such commission of Iraq's actions against foreign nationals since its August 2, 1990, invasion of Kuwait, including its treatment of prisoners of war; and (3) the prosecution and holding accountable before such tribunal of those responsible for Iraqi war crimes against prisoners of war and other foreign nationals.
United States · United States Congress · 18 January 1991
Amends Federal law to declare that the Tax Reform Act of 1986 shall be applied and administered as if the three-year basis recovery rule applicable to government employees' annuities had not been repealed.
United States · United States Congress · 18 January 1991
Amends the Internal Revenue Code to extend the targeted jobs credit permanently. Increases the maximum age requirement for economically disadvantaged youth from 23 to 25.
United States · United States Congress · 18 January 1991
Constitutional Amendment - Declares that the Congress and the States shall have power to prohibit the act of physical desecration of the U.S. flag and to set criminal penalties for such act.
United States · United States Congress · 16 January 1991
Amends the Internal Revenue Code to exclude from treatment as unrelated business income certain revenue received by tax-exempt organizations that conduct amateur athletic events.
United States · United States Congress · 11 January 1991
Christopher Columbus Coin and Fellowship Act - Title I: Christopher Columbus Quincentenary Coins - Christopher Columbus Quincentenary Coin Act - Directs the Secretary of the Treasury to mint and issue not more than a specified number of five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins emblematic of the quincentenary of the discovery of America. Sets forth certain features of such coins and provides for their design, issuance, and sale. Terminates the minting of such coins after June 30, 1993. Requires the Secretary to deposit surcharges from the sale of such coins in the Christopher Columbus Fellowship Fund for use by the Christopher Columbus Fellowship Foundation. Declares that no law governing procurement or public contracts shall be applicable to the procurement of goods and services necessary for carrying out this Act, except that this provision shall not relieve any person from complying with any law relating to equal employment opportunity. Mandates that all amounts received from coin sales be deposited in the coinage profit fund. Title II: Christopher Columbus Fellowship Foundation - Christopher Columbus Fellowship Act - Establishes the Christopher Columbus Fellowship Foundation to award fellowships to outstanding individuals to encourage new discoveries in all fields of endeavor for the benefit of mankind. Establishes the Christopher Columbus Fellowship Fund. Directs the Foundation to report to the President and to the Congress annually on its operations.
United States · United States Congress · 10 January 1991
Employee Educational Assistance Act of 1991 - Amends the Internal Revenue Code to make permanent the income tax exclusion of amounts paid under employee educational assistance programs. (Under current law the exclusion expires for taxable years beginning after December 31, 1991.)
United States · United States Congress · 3 January 1991
Permits retired members of the armed forces to be paid retirement pay concurrently with compensation for any service-connected disability if the person's entitlement to such retirement pay is based solely on: (1) age; (2) length of service; or (3) both. Reduces the amount of retirement pay, in the case of individuals receiving both types of pay, by a specified percentage of the disability compensation which decreases as the disability rating increases. Prohibits any reduction in the retirement pay of a disabled person when the disability rating is total. Expresses the sense of the Congress that, once the Federal budget deficit has been reduced, the Congress should reexamine and eliminate any offset of retired pay by a veteran's disability compensation.
United States · United States Congress · 3 January 1991
Amends Federal law to prohibit any State from imposing an income tax on the pension income of any individual who is not a resident or domiciliary of that State.
United States · United States Congress · 3 January 1991
Financial Industry Reform and Capital Enforcement Act - Title I: Creation and Control of Depository Institution Holding Companies - Sets forth the terms and conditions under which a depository institution holding company (DIHC) can be established and must be operated. Requires any DIHC seeking to acquire control of an insured bank, an insured institution, a bank holding company, a savings and loan holding company, or a depository institution holding company to comply with the requirements of the Change in Bank Control Act. Permits the appropriate Federal regulatory agency (the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank Board) to adopt rules and regulations to prevent an insured bank or institution that is controlled by a DIHC from engaging in unsafe or unsound practices. Subjects DIHCs to the same restrictions on affiliate transactions that are imposed upon member banks (banks which are members of a Federal Reserve bank) under the Federal Reserve Act. Requires the appropriate Federal regulatory agency to notify a DIHC immediately upon finding that an insured depository institution under its control is not in compliance with minimum capital adequacy requirements. Authorizes such agency to require the DIHC to: (1) provide a bond or guarantee; (2) maintain a segregated account of cash or investment securities earmarked for such noncomplying institution; or (3) contribute to the noncomplying institution's surplus capital an amount necessary to bring it into compliance. Prohibits an insured depository institution that has been notified of its noncompliant status from declaring or paying out any dividends. Requires the DIHC to return to the noncomplying institution immediately any dividends received during a specified period before receipt of such notification. Prescribes guidelines for the appointment of a Federal conservator or for divestiture if a DHIC does not bring a noncomplying institution within Federal guidelines. Authorizes judicial review of a Federal conservatorship or divestiture order. Prohibits Federal regulatory agencies from imposing requirements pertaining to the capitalization of a DIHC. Subjects interstate acquisitions: (1) of an insured bank by a DIHC to the same restrictions applicable to bank holding companies under the Bank Holding Company Act of 1956; and (2) of an additional savings association by a DIHC to the same restrictions applicable to savings and loan companies. Prohibits Federal and State governments from enacting laws that discriminate against DIHCs. Prohibits insured banks and institutions that are associated with a DIHC from: (1) dealing in or underwriting securities; (2) underwriting insurance; or (3) investing in or developing real estate. Subjects DIHCs to the tying provisions of the Bank Holding Company Act Amendments of 1970 and to the insider lending prohibitions of the Federal Reserve Act. Makes conforming amendments to the Bank Holding Company Act of 1956. Amends the Federal Reserve Act to provide that, for the purpose of restricting loans or extending credit to affiliates, a loan or extension of credit shall not be deemed to be made to an affiliate if: (1) the approval of such loan or extension of credit was in accordance with the same standards and procedures and on substantially the same terms that apply to similar loans or extensions of credit; and (2) such loan or extension of credit was not made for the purpose of evading any of the requirements of such Act. Amends the Banking Act of 1933 to make certain provisions which prohibit member banks from becoming affiliated with securities corporations inapplicable to member banks which are controlled by DIHCs. Makes conforming amendments to the Federal Deposit Insurance Act and the National Housing Act. Requires the acquisitions of DIHCs controlling insured institutions to be in accordance with the procedures of such Acts. Amends the Clayton Act to exempt acquisitions of insured banks and institutions by DIHCs from the premerger notification requirements of the Depository Institution Affiliation Act, the Federal Deposit Insurance Act, and the National Housing Act. Makes conforming amendments to the Community Reinvestment Act. Title II: Supervisory Improvements - Establishes a National Financial Services Oversight Committee to: (1) establish uniform principles and standards for the examination and supervision of financial services providers; (2) report to the Congress recommendations for an improved examination process and whether the number or compensation of Federal examiners should be increased; and (3) make recommendations to Federal regulatory agencies to maintain uniformity in Federal regulations.
United States · United States Congress · 3 January 1991
Tourism Policy and Export Promotion Act of 1991 - Declares it to be the national goal to increase U.S. export earnings from U.S. tourism and transportation services and to maintain a travel and tourism export surplus in order to help eliminate the overall U.S. trade deficit. Requires the Secretary of Commerce (Secretary) to publish on a monthly basis a statistical report on U.S. international travel receipts and payments. Requires the Secretary to: (1) identify foreign trade barriers to U.S. travel and tourism; (2) estimate the trade-distorting impact of such barriers on U.S. commerce; and (3) estimate the value of U.S. travel and tourism exports that would have been exported to a foreign country if such barriers did not exist. Requires the Secretary to submit to specified congressional committees a report on such barriers. Directs the Secretary to take appropriate action to ensure that foreign tourists are not unnecessarily delayed when entering the United States. Amends the International Trade Act of 1961 to require each annual tourism trade development plan to focus on those countries in which tourism trade development has the greatest potential for increasing travel and tourism export revenues. Declares that the Congress finds that increased efforts directed at the promotion of rural tourism will contribute to the economic development of rural America. Establishes the Rural Tourism Development Foundation. Requires the Secretary to report to the Congress on: (1) economic effects of the identification and promotion of scenic byways as tourist attractions; and (2) techniques for incorporating scenic byways into tourism development programs. Authorizes appropriations.
United States · United States Congress · 3 January 1991
Dolphin Protection and Fair Fishing Act of 1991 - Amends the Marine Mammal Protection Act of 1972 to prohibit, with regard to fishing for yellowfin tuna, promulgation of regulations or issuance of permits allowing the intentional setting of purse seine nets on marine mammals. Revokes previously issued permits. Mandates observers on tuna fishing vessels in the eastern tropical Pacific Ocean to ensure that the taking of any marine mammal is reported to the Secretary of the department in which the National Oceanic and Atmospheric Administrtion is operating. Modifies requirements regarding: (1) the level of incidental taking of marine mammals by countries exporting to the United States and by U.S. vessels; and (2) the total take of dolphins in specified years. Authorizes appropriations for research and development of alternative tuna fishing methods and technologies that do not involve intentional encirclement of dolphins or other intentional takings of marine mammals.
United States · United States Congress · 3 January 1991
Merchant Mariners Fairness Act of 1991 - Provides that certain qualified service of a member of the U.S. merchant marine, including a vessel crewmember of the U.S. Army Transport Service, during World War II constituted active military service for purposes of eligibility for various veterans' benefits under the GI Bill Improvement Act of 1977. Requires the Secretary of Defense to issue an honorable discharge under such Act to each merchant marine member whose qualified service warrants such a discharge. Defines "qualified service." Prohibits the payment of any retroactive benefits under this Act. Mandates a processing fee of a specified amount for any benefit application for such qualified service. Amends the Merchant Marine Act, 1936 to add references to components or ingredients of equipment, materials, or commodities in certain cargo preference provisions.
United States · United States Congress · 3 January 1991
Directs the Secretary of the military department concerned to pay an annuity under the Survivor Benefit Plan (SBP) to each individual who is the surviving spouse of a reserve member of the uniformed services who: (1) died after September 20, 1972, and before October 2, 1978; and (2) at the time of death would have been entitled to military retired pay but for the fact that he or she was under age 60. Provides conditions for the receipt of such annuity. Sets forth procedures for computing such annuity. Provides that if an individual entitled to an annuity under this Act is also entitled to an SBP annuity based upon a subsequent marriage, the individual may not receive both annuities, but must choose one.
United States · United States Congress · 3 January 1991
Authorizes the Secretaries of Veterans Affairs and Defense to make joint grants to qualifying medical schools to assist in the establishment of new medical research centers. Outlines qualifications for medical schools eligible for such grants, including: (1) being primarily State-supported; (2) having no established research center in the field for which application is made; (3) being located in proximity to a Department of Veterans Affairs medical facility which has an affiliation with a medical facility of the Department of Defense; and (4) having demonstrable potential for successful development of such a new research center. Requires the Secretaries to ensure that centers for which grants are made are geographically dispersed within the United States. Requires the Secretaries to establish an advisory committee to advise a medical school with respect to activities of the center for which a grant is made. Prohibits the Secretaries from entering into an agreement to make a grant unless the Secretaries find that the school will maintain arrangements with the Department medical facility with which it is affiliated as to be mutually beneficial in carrying out the mission of the respective medical facilities and the school. Requires facilities of such research centers to be made available on a competitive basis. Requires the Secretaries to ensure that Federal funding for such centers be acknowledged in the activities and publications of the center. Requires one-half of the grant amounts to be provided by each Secretary. Specifies fund sources which may be used for such grants. Requires an agreement for such grants to include certain assurances with respect to the sufficiency of non-Federal funding for such research centers. Authorizes the Secretaries to increase grant amounts due to cost increases, within specified limits. Sets forth application requirements for medical schools desiring to receive such grants. Requires the Secretaries, in considering such applications, to give priority to applications which emphasize research in one or more of the following areas: (1) diabetes and metabolic diseases; (2) prosthetics and rehabilitation medicine; (3) mental health, behavioral medicine, and neurological disease; (4) acquired immune deficiency syndrome (AIDS) and related diseases; (5) Alzheimer and dementia; (6) degenerative cardiopulmonary disease; (7) cancer; (8) technology assessment; and (9) toxicology. Requires the Secretaries to use a merit review process in considering applications and awarding grants under this Act. Authorizes appropriations for FY 1992 through 1995. Entitles the Secretaries to recover from grant recipients any amount not used for appropriate grant purposes.
United States · United States Congress · 3 January 1991
Amateur Radio Spectrum Protection Act of 1991 - Amends the Communications Act of 1934 to prohibit the Federal Communications Commission (FCC) from diminishing existing allocations of spectrum (available radio frequencies) to the amateur radio service after January 1, 1991. Requires the FCC to provide replacement spectrum to the service for any frequency reallocation after such date.
United States · United States Congress · 3 January 1991
Infrastructure Protection Act of 1991 - Prohibits the receipts and disbursements of the Highway Trust Fund (for both the Federal aid highway program and the Mass Transit Account), the Airport and Airway Trust Fund, and the Inland Waterways Trust Fund which are allocable to the transportation-related operations of such Funds from being included in either the Federal budget as submitted by the President or in the congressional budget. Exempts such Trust Funds from any general statutory budget limitation.
United States · United States Congress · 3 January 1991
Amends the Higher Education Act of 1965 to permit the deferral of payments on student loans during professional internships of any duration (by removing a two-year limitation).
United States · United States Congress · 3 January 1991
Language of Government Act of 1991 - Declares English to be the official language of the U.S. Government. States that the Government has an affirmative obligation to preserve and enhance the role of English as the official language. Prohibits anyone from being denied Government services because they communicate in English. Prohibits a Government entity from making or enforcing an official act requiring the use of a language other than English. Deems anyone discriminated against for communicating to the Government in English to have been discriminated against on the basis of national origin. Makes available to a person so discriminated against all lawful remedies available under the Civil Rights Act of 1964.
United States · United States Congress · 3 January 1991
Veterans' Compensation Amendments of 1991 - Increases the rates of: (1) veterans' disability compensation; (2) additional compensation for veterans' dependents; (3) the clothing allowance for certain disabled veterans; (4) dependency and indemnity compensation for surviving spouses and children; and (5) supplemental dependency and indemnity compensation for disabled adult children. Authorizes the Secretary of Veterans Affairs to adjust administratively the rates of disability compensation payable to persons who are not in receipt of compensation for service-connected disability or death.
United States · United States Congress · 3 January 1991
National Commemorative Advisory Act - Establishes the President's Advisory Commission on National Commemoratives to: (1) establish criteria for recommending to the President that a proposed national observance be approved or disapproved; (2) review proposals for national observances submitted in accordance with procedures published by the Commission; and (3) issue recommendations to the President concerning each proposal reviewed.
United States · United States Congress · 3 January 1991
Federal Employees' Political Activities Act of 1991 - Prohibits an employee from using or attempting to use official authority or influence to interfere with or affect the result of any election. Prohibits an employee from using or attempting to use official authority to intimidate, threaten, coerce, command, or influence: (1) any individual for the purpose of interfering with the right of any individual to vote as the individual may choose, or of causing any individual to vote, or not to vote, for any candidate or measure in any election; (2) any person to give or withhold any political contribution; or (3) any person to engage, or not to engage, in any form of political activity. Prohibits an employee from using, attempting to use, or permitting the use of any official information, unless such information is available to the general public. Prohibits an employee from: (1) giving or offering to give a political contribution to any individual either to vote or to refrain from voting, or to vote for or against any candidate or measure, in any election; (2) soliciting, accepting, or receiving a political contribution to vote or refrain from voting, or to vote for or against any candidate or measure, in any election; or (3) giving or handing over a political contribution to a superior of the employee. Prohibits an employee from soliciting, accepting, or receiving, or from being in any manner concerned with soliciting, accepting, or receiving, a political contribution: (1) from another employee (or a member of another employee's immediate family) with respect to whom the employee is a superior; or (2) in any room or building occupied in the discharge of official duties by a Federal employee or official or an individual receiving salary or compensation from the Treasury. Prohibits an employee from soliciting, accepting, or receiving a political contribution from, or giving a political contribution to, any person who: (1) has, or is seeking to obtain, contractual or other business or financial relations with the employing agency; (2) conducts operations or activities which are regulated by that agency; or (3) has interests which may be substantially affected by the performance of the employee's official duties. Directs the Special Counsel of the Merit Systems Protection Board to prescribe regulations which exempt employees from such prohibitions. Prohibits an employee from engaging in political activity: (1) while on duty; (2) in any room or building occupied in the discharge of official duties by a Federal employee or official; (3) while wearing a uniform or official insignia identifying the office or position of the employee; or (4) while using any vehicle owned or leased by the Government. Exempts certain high level political appointees from such prohibitions if the costs associated with the political activity are not paid for by money derived from the Treasury. Authorizes leave without pay or accrued annual leave to an employee who is a candidate, upon request, to allow such employee to engage in activities relating to that candidacy. Declares that such request may be denied if the exigencies of the public business so require. Declares that such employee may be required to take leave without pay or accrued annual leave in order to be a candidate if activities relating to the candidacy interfere with the employee's performance of duties. Applies this Act to postal employees and employees of the Postal Rate Commission.
United States · United States Congress · 26 October 1990
Shareholder Protection Act of 1990 - Amends the Securities Exchange Act of 1934 to require that the beneficial owner of a short position of more than five percent of any class of certain equity securities disclose specified identifying information to: (1) the issuer of the securities; (2) each exchange where the securities are traded; (3) each registered securities association; and (4) the Securities and Exchange Commission (SEC). Exempts from such disclosure requirements market makers and specialists if the short sales they effect are transacted solely for bona fide market-making purposes. Prohibits the use of an interdealer quotation system to execute transactions relating to puts, calls, straddles, or options in violations of SEC regulations. Grants the issuer of registered securities standing to bring legal action for equitable relief against violators of SEC regulations concerning market manipulation practices.
United States · United States Congress · 25 October 1990
Jobs, Growth, and Competitiveness Act of 1990 - Amends the Internal Revenue Code to reinstate the ten-percent investment tax credit for property used as an integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas, water, waste disposal, or pollution control services. Allows such tax credit to offset 100 percent of certain corporation's minimum tax.
United States · United States Congress · 22 October 1990
Appraisal Subcommittee Status Act - Provides that certain funds received or collected by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council shall not be construed to be Government funds or appropriated moneys and shall not be apportioned under any statutory authority (thus giving the Subcommittee the same status as the Council).
United States · United States Congress · 18 October 1990
Chance to Go to College Act - Establishes a demonstration program to provide early intervention support and additional financial assistance to graduating students from selected high schools who wish to attend a postsecondary institution. Directs the Secretary of Education to select 50 high schools to participate in such program. Requires that: (1) the selected schools represent a broad base of both urban and rural sites; and (2) special consideration be given to schools demonstrating the support of private individuals or corporations or current involvement with Upward Bound or other TRIO programs under the Higher Education Act of 1965 (HEA). Requires eligible schools to be located in a school district for which the number of children counted for special assistance for disadvantaged children exceeds 75 percent of the total number of children in such district. Requires that such schools also demonstrate each of the following characteristics: (1) potential for parental involvement; (2) academic component with both tutoring and supplemental instruction; (3) role model relationships or other support group interactions; (4) guidance for selection of college preparatory courses before the start of ninth grade; and (5) assistance with the college application processes. Directs the Secretary to provide the selected high schools with assistance to offset administrative costs of program participation. Bases an individual student's eligibility for a scholarship under such program upon his or her: (1) having been a ninth grade student during academic year 1992-1993 in a selected school; (2) being enrolled or accepted for enrollment at an institution of higher education; and (3) qualifying for a Pell Grant under HEA to attend such institution. Sets the maximum amount of such an individual scholarship at: (1) a total of $25,000 for four academic years; and (2) not more than the cost of attendance, on a yearly basis. States that such scholarship amount shall not be reduced for receipt of other forms of Federal financial assistance, but that such other financial aid shall be appropriately reduced if the total of this scholarship and that other aid exceeds the cost of attendance for an academic year. Provides for equitable reduction of scholarships in case of insufficient funds. Directs the Comptroller General to conduct a study to: (1) determine what type of schools have benefitted from the demonstration program; and (2) evaluate the program's impact on graduation and matriculation of students from the selected high schools. Directs the Comptroller General, if such study demonstrates significant results, to determine what authorization increases and adjustments, if any, should be made to the Pell Grants, TRIO, and other specified programs to replicate these results nationwide. Authorizes appropriations.
United States · United States Congress · 2 October 1990
1996 Olympic Commemorative Coin Act - Directs the Secretary of the Treasury to issue 1996 Olympic Games commemorative coins in five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins. Prohibits the minting of such coins after June 30, 1997. Prescribes guidelines for the sale and pricing of such coins. Mandates that: (1) surcharges be paid to the U.S. Olympic Committee; (2) all amounts received from the sale of coins be deposited in the coinage profit fund; and (3) the Secretary takes steps to ensure that the coin issuance will not result in any net cost to the United States. Sets forth adequate security criteria for payment of such coins.
United States · United States Congress · 13 September 1990
Revises provisions extending free mailing privileges to members of the armed forces to: (1) grant such privileges to members who are engaged in temporary military operations under arduous circumstances; and (2) include video-recorded communications as material subject to free delivery.
United States · United States Congress · 13 September 1990
Deposit Insurance Funds Protection Act of 1990 - Amends the Federal Deposit Insurance Act to repeal the specified maximum assessment rates for Bank Insurance Fund members and Savings Association Insurance Fund members. Directs the Federal Deposit Insurance Corporation to: (1) set assessment rates for insured depository institutions at such times as it determines, in its sole discretion, to be appropriate; and (2) provide public notice of assessment rate changes within a 60 day time-frame.
United States · United States Congress · 3 August 1990
Federal Management Reform Act of 1990 - Establishes within the Office of Management and Budget (OMB) the Chief Financial Officer of the United States. Sets forth financial management and general management functions of the Chief Financial Officer. Directs the Chief Financial Officer to prepare for each five-year period a Government-wide financial management plan for submission to the President and the Congress which describes financial management activities to be conducted by the Chief Financial Officer, the Chief Financial Officers of departments and independent establishments, and Federal agencies to improve the financial management of the Government. Sets forth requirements for such plans. Establishes in OMB the Office of Federal Financial Management to be headed by an Administrator who shall be the deputy to and principal advisor of the Chief Financial Officer. Establishes in each Federal department and independent establishment an Office of the Chief Financial Officer to be headed by the Chief Financial Officer of the department or independent establishment. Sets forth the functions of such Chief Financial Officers which include cooperating with the Chief Financial Officer of the United States in preparing the five-year financial management plans authorized by this Act. Specifies the Federal agencies that constitute an "independent establishment" for purposes of this Act. Requires the heads of each department and independent establishment to annually prepare and submit audited financial statements to the Chief Financial Officer of the United States. Requires the Inspector General of each department and independent establishment to submit an annual report on the audit of the financial statements to the head. Permits the Comptroller General to review any audit of a financial statement conducted under this Act by an Inspector General or external auditor. Requires the Comptroller General to report to the Congress, the Chief Financial Officer of the United States, and the head of each department or independent establishment which prepared the statement regarding the results of the review along with appropriate recommendations. Directs the President to order the transfer to the Office of Federal Financial Management of Federal executive agency powers which the President determines are properly related to the functions of that Office along with personnel, property, and records as appropriate. Requires the head of each department and independent establishment to submit to the OMB Director for approval a proposal for reorganizing the department or establishment. Requires such heads to implement the proposals upon approval.
United States · United States Congress · 30 July 1990
Banking Law Enforcement Act of 1990 - Title I: Enhanced Criminal Penalties - Amends Federal criminal law to establish criminal penalties (including imprisonment) for the concealment of assets from the Federal Deposit Insurance Corporation (FDIC) (acting as conservator or receiver), the Resolution Trust Corporation (RTC), or the National Credit Union Administration (NCUA) Board (acting as conservator or liquidating agent). Amends the Federal Deposit Insurance Act and the Federal Credit Union Insurance Act to prohibit certain felons convicted of dishonesty or breach of trust from controlling or participating in the affairs of a depository institution for a minimum ten-year period. Amends Federal criminal law to establish criminal penalties (including imprisonment) for obstructing any examination of a financial institution. Increases from 20 years to 30 years the maximum prison term for bank fraud and embezzlement. Establishes a ten-year statute of limitations for the prosecution of racketeering offenses involving financial institutions. Extends money laundering prohibitions to include funds from specified bank crimes. Directs the U.S. Sentencing Commission to promulgate guidelines for increased penalties for certain bank crime convictions in which the defendant derived more than $1,000,000 in gross receipts from the offense. Provides for restoration of forfeited property and for restitution to bank crime victims. Sets forth maximum criminal fines and minimum imprisonment terms for certain continuing financial crime enterprises (i.e., certain violations committed by at least four persons acting in concert). Title II: Protecting Assets from Wrongful Disposition - Authorizes the Attorney General to obtain a court order enjoining or restraining the alienation or disposition of property obtained as a result of a banking law violation. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to set forth attachment procedures. Amends Federal bankruptcy law to provide that the trustee shall be deemed to have assumed a debtor's commitment to a Federal depository institution regulatory agency to maintain the capital of an insured depository institution (thus precluding the trustee from rejecting such commitment as an executory contract which can be avoided as a discharge in bankruptcy). Exempts a Federal depository institution regulatory agency acting as conservator for an insured depository institution from the requirement of proving reasonable reliance upon a false writing supplied by a debtor who is an institution-affiliated party. Prohibits a discharge in bankruptcy for debts resulting from the debtor's failure to fulfill a commitment to a Federal financial institution regulatory agency to maintain the capital of an insured depository institution. Exempts a Federal depository institution regulatory agency acting as conservator for an insured depository institution from the requirement of a timely nondischargeability request (including notice and hearing) when seeking to recover a debt relating to malfeasance. Declares that for specified cases of deceitful conduct, any institution-affiliated party of an insured depository institution (or credit union) shall be deemed to have been acting in a fiduciary capacity with respect to any debt owed to a Federal banking regulatory agency (thus making such debt nondischargeable in bankruptcy). Sets forth as a prerequisite for a bankruptcy reorganization plan that the debtor will: (1) maintain any commitment to a Federal banking regulatory agency to maintain the capital of an insured depository institution; and (2) continue to be obligated for any debt to such agency for failure to fulfill such commitment. Makes certain debts owed by an institution-affiliated party to an insured depository institution under Federal receivership nondischargeable under a consumer debt bankruptcy plan. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to empower the FDIC and the NCUA (acting as conservators) to avoid fraudulent conveyances by a debtor institution-affiliated party. Prohibits an insured depository institution or credit union which does not meet minimum Federal capitalization requirements from making golden parachute payments, covered benefit payments, or certain payments in anticipation of insolvency to an institution-affiliated party without prior written Federal agency approval. Cites conditions under which insured depository institutions and credit unions may make golden parachute payments and covered benefits payments with FDIC or NCUAB approval. Amends the Federal criminal code to revise the civil and criminal forfeiture guidelines for: (1) property affecting a financial institution; and (2) fraudulent offenses involving the sale of assets held by Federal banking regulatory agencies. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to prohibit certain convicted felony debtors whose default to an insured financial institution in receivership will cause substantial loss from acquiring any asset of the institution (except with respect to repayment). Title III: Improved Procedures for Handling Banking-Related Cases - Amends Federal criminal law to authorize wiretaps for bank fraud and related offenses. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to set forth reciprocal assistance guidelines for foreign investigations by Federal banking agencies and investigations on behalf of foreign banking authorities. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to extend from five to ten years the statute of limitations for commencing a civil action for Federal bank law violations. Amends the Federal Deposit Insurance Act and the National Credit Union Act to grant the FDIC, the RTC, and the NCUA subpoena authority. Title IV: Structural Reforms to Improve the Federal Response to Crimes Affecting Financial Institutions - Establishes within the Office of the Deputy Attorney General in the Department of Justice a Financial Institutions Fraud Unit, headed by a Special Counsel who shall report directly to the Deputy Attorney General. Terminates such Office five years after enactment of this Act. Empowers the Special Counsel to investigate and prosecute criminal activity involving the financial services industry. Directs the Attorney General to establish: (1) financial institutions fraud task forces; and (2) a senior interagency group to assist in identifying the most significant financial institution fraud cases, to allocate investigative and prosecutorial resources, and to expedite interagency coordination and prosecution of financial institutions fraud. Amends Federal criminal law to authorize the Secret Service (under the direction of the Secretary of the Treasury) to detect and arrest persons who violate banking laws with respect to financial institutions and the Resolution Trust Corporation (RTC). Title V: Reporting Requirements - Directs the Attorney General to report quarterly to the Congress regarding financial institution crimes. Requires the Director of the Administrative Office of the United States Courts to present annual statistical tables to the Congress on the business imposed on the Federal courts by the savings and loan crisis. Title VI: National Commission on Financial Institution Reform, Recovery, and Enforcement - Establishes the National Commission on Financial Institution Reform, Recovery, and Enforcement to make investigations and recommendations regarding specified aspects of the savings and loan crisis. Requires the Commission to submit a final report to the President and the Congress within one year after enactment of this Act. Terminates the Commission 30 days after the submission of such final report. Authorizes appropriations. Title VII: Authorizations - Amends the FIRREA to authorize appropriations to the Attorney General and the Federal Court System for bank crime cases.
United States · United States Congress · 26 July 1990
Religious Freedom Restoration Act of 1990 - Prohibits a governmental authority from restricting any person's free exercise of religion unless: (1) the restriction is in the form of a rule of general applicability that doesn't intentionally discriminate against religion or among religions; and (2) the governmental authority demonstrates that application of the restriction to a person is essential to furthering a compelling governmental interest and the least restrictive means of doing so. Authorizes a party aggrieved by a violation of such prohibition to obtain relief, including attorney fees, in a civil action.
United States · United States Congress · 24 July 1990
Financial Crimes Prosecution and Recovery Act of 1990 as Reported By the Committee on the Judiciary of the House of Representatives - Title I: Enhanced Criminal Penalties - Amends Federal criminal law to establish criminal penalties (including imprisonment) for the concealment of assets from the Federal Deposit Insurance Corporation (FDIC) (acting as conservator or receiver) and the Resolution Trust Corporation (RTC) acting as conservator or receiver. Amends the Federal Deposit Insurance Act to prohibit certain felons convicted of dishonesty or breach of trust from controlling or participating in the affairs of a depository institution for a minimum ten-year period. Amends Federal criminal law to establish criminal penalties (including imprisonment) for obstructing any examination of a financial institution. Increases to 30 years (currently, 20 years) the maximum prison term for bank fraud and embezzlement. Establishes a ten-year statute of limitations for the prosecution of racketeering offenses involving financial institutions. Extends money laundering prohibitions to include funds from specified bank crimes. Directs the U.S. Sentencing Commission to promulgate guidelines for increased penalties for certain bank crime convictions in which the defendant derived more than $1,000,000 in gross receipts from the offense. Provides for restoration of forfeited property and for restitution to bank crime victims. Sets forth maximum criminal fines and minimum imprisonment terms for certain continuing financial crime enterprises (i.e., certain violations committed by at least four persons acting in concert). Title II: Protecting Assets from Wrongful Disposition - Authorizes the Attorney General to obtain a court order enjoining or restraining the alienation of disposition of property obtained as a result of a banking law violation. Amends the Federal Deposit Insurance Act to set forth attachment procedures. Amends Federal bankruptcy law to provide that the trustee shall be deemed to have assumed a debtor's commitment to a Federal depository institution regulatory agency to maintain the capital of an insured depository institution (thus precluding the trustee from rejecting such commitment as an executory contract which can be avoided as a discharge in bankruptcy). Exempts a Federal depository institution regulatory agency acting as conservator for an insured depository institution from the requirement of proving reasonable reliance upon a false writing supplied by a debtor who is an institution-affiliated party. Prohibits a discharge in bankruptcy for debts resulting from the debtor's failure to fulfill a commitment to a Federal financial institution regulatory agency to maintain the capital of an insured depository institution. Exempts a Federal depository institution regulatory agency acting as conservator for an insured depository institution from the requirement of a timely nondischargeability request (including notice and hearing) when seeking to recover a debt relating to malfeasance. Declares that for specified cases of deceitful conduct, any institution-affiliated party of an insured depository institution (or credit union) shall be deemed to have been acting in a fiduciary capacity with respect to any debt owed to a Federal banking regulatory agency (thus making such debt nondischargeable in bankruptcy). Makes it a prerequisite of a bankruptcy reorganization plan that the debtor will: (1) maintain any commitment to a Federal banking regulatory agency to maintain the capital of an insured depository institution; and (2) continue to be obligated for any debt to such agency for failure to fulfill such commitment. Makes certain debts owed by an institution-affiliated party to an insured depository institution under Federal receivership nondischargeable under a consumer debt bankruptcy plan. Amends the Federal Deposit Insurance Act to empower the FDIC (acting as conservator) to avoid fraudulent conveyances by a debtor institution-affiliated party. Prohibits an insured depository institution which does not meet minimum Federal capitalization requirements from making golden parachute payments, covered benefit payments, or certain payments in anticipation of insolvency to an institution-affiliated party without prior written Federal agency approval. Cites conditions under which insured depository institutions may make golden parachute payments and covered benefits payments with FDIC approval. Amends the Federal criminal code to revise civil and criminal forfeiture guidelines for: (1) property affecting a financial institution; and (2) fraudulent offenses involving the sale of assets held by Federal banking regulatory agencies. Amends the Federal Deposit Insurance Act to prohibit certain convicted felony debtors whose default to an insured financial institution in receivership will cause substantial loss from acquiring any asset of the institution (except with respect to repayment). Title III: Improved Procedures for Handling Banking-Related Cases - Amends Federal criminal law to authorize wiretaps for bank fraud and related offenses. Amends the Federal Deposit Insurance Act to set forth reciprocal assistance guidelines for foreign investigations by Federal banking agencies and investigations on behalf of foreign banking authorities. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to extend to ten years (currently, five years) the statute of limitations for commencing a civil action for Federal bank law violations. Amends the Federal Deposit Insurance Act and the National Credit Union Act to grant the FDIC, the RTC, and the NCUA subpoena authority. Title IV: Structural Reforms to Improve the Federal Response to Crimes Affecting Financial Institutions - Establishes within the Office of the Deputy Attorney General in the Department of Justice a Financial Institutions Fraud Unit, headed by a Special Counsel who shall report directly to the Deputy Attorney General. Terminates such Office five years after enactment of this Act. Empowers the Special Counsel to investigate and prosecute criminal activity involving the financial services industry. Directs the Attorney General to establish: (1) financial institutions fraud task forces; and (2) a senior interagency group to assist in identifying the most significant financial institution fraud cases, to allocate investigative and prosecutorial resources, and to expedite interagency coordination and prosecution of financial institutions fraud. Amends Federal criminal law to authorize the Secret Service (under the direction of the Secretary of the Treasury) to detect and arrest persons who violate banking laws with respect to financial institutions and the Resolution Trust Corporation (RTC). Title V: Reporting Requirements - Directs the Attorney General to report quarterly to the Congress regarding financial institution crimes. Requires the Director of the Administrative Office of the United States Courts to present annual statistical tables to the Congress on the business imposed on the Federal courts by the savings and loan crisis. Title VI: National Commission on Financial Institution Reform, Recovery, and Enforcement - Establishes the National Commission on Financial Institution Reform, Recovery, and Enforcement to make investigations and recommendations regarding specified aspects of the savings and loan crisis. Requires the Commission to submit a final report to the President and the Congress within one year after enactment of this Act. Terminates the Commission 30 days after the submission of such final report. Authorizes appropriations. Title VII: Authorizations - Amends the FIRREA to authorize appropriations to the Attorney General and the Federal Court System for bank crime cases.
United States · United States Congress · 13 July 1990
FHA Protection and Homeownership Preservation Act of 1990 - Amends the National Housing Act to limit the maximum amount of a Federal Housing Administration (FHA) insured mortgage principal to a property's appraised value. Sets forth periodic premium payment schedules. Limits FHA rebates on unearned premiums. Directs the Secretary of Housing and Urban Development to: (1) insure that the Mutual Mortgage Insurance Fund attains specified capital ratios; (2) conduct annual Fund audits; and (3) adjust premiums as necessary. Authorizes periodic mortgage insurance safety premiums.
United States · United States Congress · 21 June 1990
Expresses the sense of the House of Representatives that the memory of Walt Disney should be honored on the 35th anniversary of his contribution to the American dream (the opening of Disneyland).