United States · United States Congress · 10 September 1987
Urges the German Democratic chief of state Erich Honecker to: (1) repeal the order directing East German border guards to shoot to kill anyone who attempts to cross the Berlin Wall; and (2) issue an order to tear down the Berlin Wall.
United States · United States Congress · 7 August 1987
AFDC Employment and Training Reorganization Act of 1987 - Title I: Two-Tier System under AFDC program - Amends part A (Aid to Families with Dependent Children) (AFDC) of title IV of the Social Security Act to establish a two-tier system under which a family applying for or receiving AFDC benefits is assigned to the first tier if it is not a two-parent family and includes a child under six months of age and to the second tier if the family does not qualify for tier-one. Exempts first tier families from this Act's registration, employment, and training requirements. Exempts caretaker relatives, and authorizes the exemption of adolescents, in tier-two families who do not have a high school diploma or its equivalent from such requirements if they participate in a program providing a high-school education or its equivalent. Requires a State plan to deny assistance to an individual under age 18 who is not and has never been married and who is responsible for the care of a dependent child (or is pregnant), unless such individual lives with a parent. Makes such requirement inapplicable if: (1) such individual has no parent who is living and whose whereabouts are known; (2) the health and safety of the child or individual would be jeopardized if such individual lived with the parent; or (3) such individual has not lived at home for at least one year prior to the child's birth or making a claim for AFDC payments. Title II: Comprehensive Employment and Training Program - Requires AFDC applicants and recipients to register with a State agency for employment counseling, training, and assignment. Authorizes AFDC recipients to refuse employment which results in a net loss in their income. Directs each State to: (1) establish a single intake and registration process for AFDC applicants and recipients; and (2) arrange for the participation of AFDC recipients in one or more of the work-related programs established under title IV of the Act or other Federal law, while coordinating such programs to enhance the availability and efficiency of services provided. Authorizes each State to: (1) make an assessment as to whether immediate employment is a realistic possibility or whether training or education is needed to prepare registered applicants and recipients for employment; (2) provide applicants and recipients with counseling regarding their prospects and needs; (3) require AFDC applicants to undertake an immediate program of job search; and (4) develop an employment plan for each AFDC recipient. Requires States to provide AFDC recipients who are assigned to employment, training, or education programs, and applicants who are required to participate in job search, with child care and transportation services, otherwise such applicants and recipients need not participate in such programs. Sets the Federal share of AFDC employment, training, and education costs in excess of FY 1987 costs at 50 percent. Establishes participation standards which require State AFDC employment, training, and education programs to include a specified annual percentage (increasing from 15 percent in FY 1988 to 70 percent in FY 1996 and thereafter) of a State's mandatory AFDC population. Requires 80 percent of such population within the ages of 16 and 18 to be attending school on a full-time basis by FY 1990. Reduces Federal funding for States which fall short of such participation standards. Authorizes appropriations for AFDC employment, training, and education programs. Expresses the congressional intent that such funding be increased after FY 1988 if and to the extent such programs prove successful in reducing welfare dependency. Ensures that each State receive at least as much funds for such programs in FY 1988 and 1989 as it did in FY 1987. Provides that after FY 1989 50 percent of such funds shall be allotted on the basis of a State's share of the total participating AFDC population and 50 percent on the basis of the relative success of each State in placing high-priority AFDC applicants and recipients (high school dropouts, unwed mothers with children under age three, and AFDC recipients under age 22) in school or jobs for six months or more. Requires Puerto Rico, the Virgin Islands, and Guam to each implement a coordinated program of activities affording individuals the opportunity to achieve self-sufficiency through employment. Authorizes appropriations for such programs for each fiscal year after 1987. Makes this Act's registration, employment, and training requirements inapplicable to such territories. Establishes, in the Office of Family Assistance, an Office of Work Programs headed by a Director responsible for overseeing the operation and effectiveness of this Act's employment and training programs. Sets forth recordkeeping and reporting requirements. Authorizes States to add the cash value of food stamps to AFDC payments which are divided by the greater of the Federal or State minimum wage in determining the number of hours a community work experience program participant who is a recipient of such benefits may be required to work. Title III: Certificate System for Child Care - Authorizes States to establish a program providing certificates for child care to families: (1) whose income is less than 150 percent of the Federal poverty level; (2) which have received AFDC benefits within the past three months, but are no longer eligible for such aid because of increased earnings; and (3) which are paying for from ten to 90 percent of the cost of such child care. Limits the applicability of such certificates to the child care necessary to permit their recipients' employment or search for employment. Provides for Federal reimbursement of program costs as though they were costs incurred in providing child care to individuals assigned to an AFDC employment, training, and education program. Requires providers participating in the child care certificate program to be licensed or certified by the State, but certain providers shall be given two years to comply with State licensing or certification requirements. Requires States to disseminate information regarding child care and the certificate program to parents, the public, and child care providers. Limits the certification program's administrative expenses to eight percent of the program costs which are subject to Federal reimbursement. Authorizes the Secretary of Health and Human Services to withhold Federal payments for certificate program costs upon a State's substantial failure to comply with program requirements. Sets forth reporting requirements. Title IV: Child Support Enforcement Amendments - Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to direct States to establish binding guidelines for child support award amounts. (Currently, such guidelines need not be binding). Creates a rebuttable presumption that the child support award resulting from the application of such guidelines in a judicial or administrative child support proceeding is correct. Requires States to review and update all child support orders at least once every two years to ensure that they continue to comply with child support award guidelines. Amends part A (General Provisions) of title XI of the Act to authorize up to ten States to carry out demonstration projects which require absent parents who owe child support, but whose income is insufficient to pay such support to participate in an employment or training program. Amends part D of title IV of the Act to require that the names and social security numbers of the father and mother of every child born in a State be recorded on such child's birth certificate. Requires States to adopt certain procedures with regard to paternity determinations and the standard of proof in paternity cases. Takes a State's paternity determinations into account in computing the State child support collection incentive payment. Requires each State to adopt procedures: (1) requiring employers to disclose certain information to the State child support enforcement agency regarding any employee who is under court order to pay child support; and (2) making certain legislation regarding the interstate enforcement of child support effective in the State. Provides that when the State in which the custodial parent resides requests the State in which the absent parent resides to modify a support order, the latter State shall not have jurisdiction to modify any other aspect of the order. Requires that by October 1992 every State have in effect an operational child support management information system. Reduces the Federal share of the costs for such systems. Requires the withholding of child support payments from the non-custodial parent's wages upon the issuance or modification of a child support order unless both parents agree in writing to an alternative arrangement or the parent paying child support posts a bond equal to six months of child support. Requires that the Parent Locator Service and the State agency administering the State child and spousal support plan be given access to all employment security information which is in the possession or control of any Federal or interstate telecommunications network or is available through any other data exchange method, and is to be used for child support enforcement purposes. Directs the Secretary to develop and publish standards within one year of this Act's enactment for the amount of time a State may take to complete each of several actions in child support cases. Penalizes States which fail to comply with such standards. Makes this title's amendments effective one year after this Act's enactment. Directs the Comptroller General to evaluate State implementation of this title's amendments and report to the President and the Congress regarding such evaluation within four years of this Act's enactment. Title V: State Demonstration Programs - Requires States that wish to conduct demonstration programs which include Federal, federally-assisted, or non-Federal public programs designed to alleviate poverty to submit filings regarding such demonstrations to an Interagency Low-Income Opportunity Board which shall select and approve those demonstrations judged worthy of implementation. Sets forth policy goals to be considered by the Board in selecting and evaluating such demonstrations. Directs that special consideration be given to demonstration programs designed to: (1) improve methods of helping welfare recipients achieve economic independence; (2) coordinate employment and training programs currently supported by Federal or State funds; (3) establish paternity and obtain child support orders in AFDC cases for which paternity was not established when the case was opened; (4) facilitate efforts by nongovernmental organizations to help welfare clients achieve economic independence. Requires a Governor or his designee to submit a filing which describes in detail the demonstration program to be conducted, including: (1) employment-related activities required of individuals receiving assistance under the demonstration and the circumstances in which they will not be required to participate in such activities; (2) procedures for determining the initial and continuing eligibility of, and benefits for, individuals and families; (3) a budget setting forth the amounts and sources of funding for the demonstration. Requires each Federal department or agency with responsibility for a program which is included in the demonstration program to make an estimate of Funding which, but for the demonstration, would be available for such programs so that the Chairman may compare State budgetary assumptions with such estimate. Provides that when the amount of Federal funds necessary to carry out the demonstration is less than the amount contained in the budget by reason of the effectiveness of the demonstration in achieving the objectives of this title, the State may use excess Federal funds to improve the demonstration or otherwise benefit individuals and families included in the demonstration. Provides that those within a class eligible to participate in a demonstration shall only be eligible for benefits under a program included in such demonstration. Requires the Board to conduct interim evaluations of, and have States submit annual reports on, demonstrations. Authorizes the submittal of demonstration changes for congressional approval if such changes improve the likelihood of accomplishing this title's objectives and participant benefits are not thereby reduced. Authorizes State Governors or the Chairman of the Board to terminate the demonstration (upon giving the Chairman or Governor at least three months advance notice) if the interests of the Federal Government, the State, or the participating individuals would be better served by returning to the separate conduct of the included programs. Requires a Governor, within six months of the completion of a demonstration, to submit a final report on such demonstration to the Board. Directs the Chairman to report annually to the Congress on demonstrations. Directs the Board, after selecting and approving demonstration programs in accordance with criteria it establishes, to prepare a single demonstration proposal containing all information pertinent to the programs selected. Provides that the proposal shall be submitted to the Congress and become effective unless the Congress passes legislation modifying or rejecting the proposal within 60 days after its submission by the Board. Title VI: Evaluation of Employment and Training Programs and State Demonstration Programs - Directs the Secretary to convene an Interagency Panel within three months of this Act's enactment which shall design, implement, and monitor a series of studies assessing the methods and effects of the programs initiated under titles II and V of this Act. Requires the Panel to select an advisory board of not more than 12 members, within six months of this Act's enactment, to provide the Panel with advice and counsel on all aspects of its operation. Requires the Panel to ensure that a study of child care during the welfare-to-work transition period is conducted during the first three years of its operation. Sets forth Panel reporting requirements. Authorizes appropriations for the Panel. Title VII: Miscellaneous and Related Provisions - Authorizes the Secretary to approve a five-year demonstration project testing Washington State's Family Independence Program as an alternative to the AFDC program.
United States · United States Congress · 7 August 1987
Prohibits any U.S. assistance for Panama unless the President certifies to the Congress that: (1) the Government of Panama has demonstrated substantial progress in efforts to assure civilian control of the armed forces and the Panama Defense Forces and its leaders have been removed from nonmilitary activities and institutions; (2) the Government of Panama has established an independent investigation into allegations of illegal actions by members of the Panama Defense Forces; (3) a nonmilitary transitional government is in power in Panama; and (4) freedom of the press and all other constitutional guarantees to the Panamanian people are restored. Exempts from such prohibition: (1) assistance provided through private and voluntary organizations; (2) the donation of food or medicine; (3) disaster relief assistance; (4) refugee assistance; (5) assistance under the Inter-American Foundation Act; and (6) educational assistance for Panamanians in the United States.
United States · United States Congress · 7 August 1987
Establishes an interest penalty for late payments by the Commodity Credit Corporation to eligible farmers or ranchers to whom the Corporation is obligated to make payments or loans. Sets forth formulae for the determination of required payment or loan closing dates.
United States · United States Congress · 7 August 1987
Provides that when any bill or joint resolution making continuing appropriations is agreed to by both Houses of the Congress in the same form, the Clerk of the House of Representatives shall enroll the provisions in such bill or joint resolution as separate bills or joint resolutions (for item veto purposes). Requires the enrollment as part of one separate bill or joint resolution of: (1) all the provisions within the jurisdiction of a subcommittee of the Committee on Appropriations; (2) all the provisions within the jurisdiction of the Committee on Appropriations; (3) all the provisions within the jurisdiction of any other House committee; and (4) all the provisions for which jurisdiction cannot be determined.
United States · United States Congress · 7 August 1987
Requires a 60 percent majority vote of the Senate and the House of Representatives for passage of a bill or joint resolution making continuing appropriations for a fiscal year. Makes this Act applicable to bills or joint resolutions agreed to by the Congress during the two-calendar-year period beginning with the date of enactment.
United States · United States Congress · 6 August 1987
Urges the leadership of the Government of Chile to take steps to: (1) assure that military rule should end in Chile no later than by 1989, as outlined in the 1980 constitution; (2) ensure that the next democratically-elected leaders of Chile are chosen from civilian candidates; (3) assure voting procedures for the electoral process which are fair and based upon universal and equal suffrage; (4) implement procedures to ensure that the vote will be accurately counted and subject to independent verification; and (5) ensure that prior to any electoral process, freedom of assembly and expression are fully restored and non-violent government opponents are given fair access to every means of communication, including television.
United States · United States Congress · 5 August 1987
Caribbean Basin Economic Recovery Expansion Act of 1987 - Amends the Caribbean Basin Economic Recovery Act to set forth the method for calculating duty-free treatment status for articles imported from East Caribbean beneficiary countries. Sets forth such countries. Provides that duty-free treatment provided under such Act shall not apply to: (1) certain textile and apparel articles; (2) certain footwear, handbags, luggage, flat goods, work gloves, and leather wearing apparel; (3) tuna in airtight containers; (4) petroleum or petroleum products; or (5) certain watches and watch parts. Requires the President to establish categories of such articles not accorded duty-free treatment. Requires the President to provide duty-free treatment to articles under such categories if the International Trade Commission (ITC) determines that: (1) such articles are either not produced in the United States, or not produced in the United States in quantities sufficient to meet domestic demand; and (2) no directly competitive articles are produced in the United States. Permits a person to file a petition with the ITC requesting the granting or withdrawal of duty-free treatment with respect to such articles. Requires the President to withdraw the duty-free treatment provided to articles within a category if the ITC determines, after the filing of a petition, that such category is no longer eligible for such treatment. Limits the aggregate quantity of articles, in a category to which a duty-free quota applies and produced in all beneficiary countries, that may be entered duty-free during any calendar year after 1987 to an amount equal to five percent of the aggregate quantity of such articles imported during that year from all beneficiary countries. Requires the President to provide duty-free treatment to articles of a beneficiary country imported after such calendar year before the total quantity imported during that year equals or exceeds the duty-free quota for such articles for such country for that year. Requires each beneficiary country to submit a specified report to the President. Authorizes the President to suspend the provision of duty-free treatment if such beneficiary country fails to submit such report. Provides that no duty-free treatment extended to a beneficiary country shall remain in effect after September 30, 2007. Amends the Tariff Schedules of the United States to prohibit application of quantitative import restrictions to articles manufactured in a beneficiary country (as defined for purposes of the Generalized System of Preferences) in whole of U.S. materials. Grants duty-free treatment to such articles. Grants duty-free treatment to articles (not over $600 in value) acquired in a beneficiary country. Increases (from $800 to $1000) the personal exemption from customs duties of articles acquired in the U.S. insular possessions and from other countries. Amends the Tariff Act of 1930 to require the ITC when making determinations as to material injury with respect to antidumping and countervailing duty cases to cumulatively assess 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 that are the product of one or more other countries designated as beneficiary countries. Amends the Tax Reform Act of 1986 to exempt from the prohibition against imports being considered eligible for exemption from duties certain ethyl alcohol imported during 1987 and 1988 if it was produced in a certain type of facility in: (1) an U.S. insular possession if such facility was in operation on January 1, 1986; or (2) a beneficiary country if such facility was in operation on January 1, 1987. Limits the aggregate quantity of imported sugar from a country designated a beneficiary country under the Caribbean Basin Economic Recovery Act for any year after December 31, 1987, to the allocation of such country for the period beginning on September 26, 1983, and ending September 30, 1984.
United States · United States Congress · 3 August 1987
Emergency Livestock Feed Assistance Act of 1987 - Requires the Secretary of Agriculture to implement an emergency livestock feed assistance program in States (currently includes Puerto Rico, Guam, and the Virgin Islands) threatened by natural disasters. (Current law authorizes but does not mandate such an assistance program.) Requires that requests for such assistance be made by the Governor of the affected State, after consultation with a special emergency board constituted in accordance with this Act. Requires at least a 30 percent feed loss in order to qualify for such assistance. Includes within program assistance (in addition to feed cost reimbursement): (1) transportation assistance; and (2) Commodity Credit Corporation feed donations and sales. Subjects a producer who sells such feed to civil and criminal penalties.
United States · United States Congress · 30 July 1987
Amends the Toxic Substances Control Act to apply the standards of the Solid Waste Disposal Act concerning the treatment, storage, and disposal of hazardous wastes to polychlorinated biphenyls. Requires compliance with the financial responsibility requirements of such Act as well. Requires persons carrying out certain intermediate activities concerning such substances, including arranging treatment, storage, disposal, or transport on a commercial basis, to obtain approval from the Administrator of the Environmental Protection Agency.
United States · United States Congress · 30 July 1987
Agricultural Nitrogen Management Act of 1987 - Directs the Secretary of Agriculture to establish an Agricultural Nitrogen Best Management Practices Task Force to: (1) develop agricultural best management practices to minimize nitrogen losses from all potential uses of agricultural nitrogen; (2) develop and disseminate to American farmers educational and training materials with respect to such practices; and (3) report to the Congress in two years on the progress of its efforts. Authorizes appropriations. Amends the Federal Water Pollution Control Act (Clean Water Act) to require that any State assessment report or management report be developed in consultation with the task force. Directs the Administrator of the Environmental Protection Agency to consult with the task force in preparing annual reports and final reports to the Congress.
United States · United States Congress · 29 July 1987
Amends the Internal Revenue Code to allow rural telephone and electric cooperatives to exclude allocations in the nature of patronage dividends when determining net book income for purposes of the minimum tax.
United States · United States Congress · 23 July 1987
Home Equity Loan Consumer Protection Act of 1987 - Amends the Truth in Lending Act to impose additional disclosure requirements for any open end credit plan secured by a consumer's dwelling. Specifies the information to be disclosed as information regarding annual interest rates, finance charge conditions, fees, changes in variable interest rates, and a statement that in the event of any default the consumer risks loss of the dwelling. Imposes additional disclosure requirements for advertisements of open end credit plans secured by consumers' dwellings. Requires such advertisements to disclose a statement of any minimum or fixed amount which could be imposed, periodic rates expressed as annual percentage rates, and any other term which the Federal Reserve Board may by regulation require. Prohibits the use of advertisements for any home equity loan which refer to such loan as "free money" or as a "loan at prime." Requires the Federal Reserve Board to develop and prepare a pamphlet for distribution to consumers which contains: (1) a general description of open end credit plans secured by consumer dwellings and the terms and conditions on which such loans are generally extended; and (2) a discussion of the potential advantages and disadvantages of such plans.
United States · United States Congress · 23 July 1987
Elephant Protection Act - Directs the President to propose to the Convention on International Trade in Endangered Species that all trade in elephant products be suspended until accurate data demonstrate the stability of healthy elephant populations. Prohibits the knowing import, export, or sale of such products by any person subject to U.S. jurisdiction. Directs the Secretary of the Interior to administer this Act. Authorizes exceptions for scientific or survival purposes. Establishes civil and criminal penalties for violations of this Act. Grants enforcement authority to the Secretary, the Secretary of the Treasury, and the Coast Guard. Subjects to forfeiture items possessed, sold, shipped, received, imported, exported, or carried in violation of this Act and vehicles used to aid such activities. Authorizes the charging of permit fees. Authorizes citizen suits to enforce this Act. Preempts State law.
United States · United States Congress · 23 July 1987
Declares that the House of Representatives: (1) expresses its full support for General John Vessey in negotiations with Vietnam to determine the fate of Americans missing in action in Southeast Asia, to facilitate the return of the remains of those deceased missing in action, and to discuss humanitarian issues; and (2) calls on Vietnam to respond positively to the concerns of the American people in a humanitarian context.
United States · United States Congress · 22 July 1987
States that the Congress: (1) congratulates President Oscar Arias Sanchez of Costa Rica on the contribution he has made by his initiative toward ending armed conflict and reinforcing democracy in Central America; (2) supports the purpose of the initiative and urges all Central American countries to actively participate in a rescheduled summit meeting to discuss the initiative and to cooperate in the effort to reach a negotiated settlement of the conflict in Central America; and (3) should make assistance to the Nicaraguan resistance forces contingent upon progress in their development of civilian leadership committed to democratic principles and respect for human rights. States that the Congress should not appropriate additional funds to such resistance forces unless the President: (1) finds and reports to the Congress (and the Congress accepts such findings) that the United States supports the efforts of President Arias and the assistance to such forces in formally supported by the Organization of American States or the nations adjacent to Nicaragua, is in the national security interests of the United States, and will not interfere with Nicaragua's acceptance of a cease-fire and peace plan; or (2) certifies to the Congress that Nicaragua has not signed a peace plan which has been accepted by neighboring nations and which is supported by the United States.
United States · United States Congress · 20 July 1987
Title I: Medicare Catastrophic Illness Coverage Act - Medicare Catastrophic Illness Coverage Act - Amends part A (Hospital Insurance) of title XVIII (Medicare) of the Social Security Act to remove durational limitations on the coverage of inpatient hospital services. Provides coverage of post-hospital extended care services for up to 100 days each year. (Currently such services are provided for up to 100 days during a "spell of illness".) Requires a beneficiary to pay a deductible for each of the first two inpatient hospital admissions in a year. (Currently an inpatient hospital deductible is required for each "spell of illness.") Eliminates the coinsurance requirement for inpatient hospital services and outpatient hospital extended care services. Amends part B (Supplementary Medical Insurance) of the Medicare program to cover the amount by which a part B enrollee's out-of-pocket expenses exceed $2,000 in 1988, adjusting such ceiling thereafter to reflect changes in total Medicare per capita expenses. Excludes from the computation of a beneficiary's out-of-pocket expenses amounts above the full part B payment to physicians and others who do not accept assignment. Extends, until 1991, the limitation of the part B basic premium to 25 percent of part B costs (excluding costs resulting from this Act's catastrophic coverage). Imposes an additional premium on part B enrollees which represents an amount equal to the Secretary of Health and Human Services' estimate of a part B enrollee's share of the benefits and administrative costs which result from this Act's catastrophic care coverage and beneficiary expense ceiling. Provides for the transfer to the Federal Hospital Insurance Trust Fund of part B premium revenues which are attributable to the catastrophic care coverage this Act establishes under part A of the Medicare program. Covers nursing care and home health aide services as home health services if such services are needed less than seven days each week or are needed for an initial period of up to 35 consecutive days and for a subsequent period on a physician's certification that exceptional circumstances warrant continued home health services. Imposes an additional premium on part B enrollees to cover the costs of supplemental daily home health services. Provides for the transfer of premium revenues to the Federal Hospital Insurance Trust Fund. Amends title XIX (Medicaid) of the Act to provide Medicaid coverage of prescription drugs for individuals age 65 or older whose income does not exceed 150 percent of the Federal poverty level. Subjects beneficiaries to an annual $50 deductible for such coverage. Provides that for the initial determination of an institutionalized spouse's Medicaid eligibility the institutionalized spouse may transfer his or her resources to the community spouse to the extent the spousal share (computed by dividing the sum of the spouse's resources in half) is less than $12,000 (adjusted annually to reflect changes in the cost-of-living), but attributes any resources not solely in the ownership of the community spouse to the institutionalized spouse if such transfer is not made. Considers resources held in the name of the community spouse to be available to the institutionalized spouse to the extent their value exceeds $48,000 (adjusted annually to reflect changes in the cost-of-living), or, if greater, the amount a court has ordered to be retained by the community spouse for support. Provides that after the initial eligibility determination: (1) no resources of the community spouse will be considered available to the institutionalized spouse; and (2) the income of the institutionalized spouse will not be considered to include a specified personal needs allowance, community spouse monthly income allowance, family allowance, and incurred expenses for medical or remedial care for the institutionalized spouse that are not covered by a legally liable third party. Sets forth the formulas for determining such allowances. Gives the institutionalized spouse the right to a hearing to establish that the community spouse monthly income allowance is not adequate to support the community spouse without financial duress so that an adequate amount of support will be substituted for the allowance. Prohibits such allowance from being less than court-ordered support payments. Delays the Medicaid eligibility of institutionalized individuals who disposed of their resources at less than fair market value within two-years prior to applying for Medicaid benefits. Sets forth situations in which a delay shall not be applied. Allows the institutionalized spouse to elect to be governed by State rules in effect as of March 1, 1987, regarding treatment of income and transfers of resources for Medicaid eligibility purposes, but permits neither spouse to opt out of this Act's rules regarding the treatment of resources at the initial eligibility determination. Directs the Boards of Trustees of the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund to include in their reports to the Congress in April 1988 an analysis, performed by the Secretary of Treasury, of options to strengthen the long-term solvency of such Trust Funds. Title II: Tax Provisions Related to Long-Term Care Insurance - Amends the Internal Revenue Code to treat certain long-term care insurance which the Secretary certifies is providing coverage to each covered person who is age 50 or older for at least one year for diagnostic, preventive, therapeutic, rehabilitation, maintenance, or personal care services provided in a setting other than the acute care unit of a hospital as accident or health insurance when taxing issuers of such insurance (hereafter referred to as qualified long-term care insurance). Requires such issuers to be reinsured by the Federal National Long-term Care Reinsurance Corporation if such Corporation is incorporated as of January 1, 1990. Provides that for the purpose of determining whether a tax exclusion applies to employer contributions to, or an employee's receipt of benefits from, qualified long-term care insurance such contributions and benefits shall be considered to be for personal injury or sickness, and medical care. Excludes from taxation: (1) the portion of distributions from individual retirement plans which is used during the year to pay the premiums for qualified long-term care coverage of individuals who are age 59 1/2 or older on the date of distribution; and (2) amounts received, when an individual who has attained age 65 surrenders, cancels, or exchanges a life insurance contract, and used during such year to pay the premiums for qualified long-term care insurance. Title III: Federal National Long-Term Care Reinsurance Corporation - Federal National Long-Term Care Reinsurance Corporation Act - Authorizes the Secretary to provide for the incorporation of the Federal National Long-Term Care Reinsurance Corporation (Corporation), which shall not be an agency or establishment of the U.S. Government. Requires the Corporation to confine its activities to reinsuring insurance companies for extraordinary loss in the issuance or payment of qualified long-term care insurance benefits. Sets forth organizing and administrative provisions with respect to the Corporation. Exempts the Corporation from State regulation and taxation. Directs the Corporation to report annually to the President and the Congress regarding its activities.
United States · United States Congress · 14 July 1987
Expresses the sense of the Congress that: (1) the Sendero Luminoso (Shining Path) guerrillas in Peru should be condemned for their brutality and nihilistic ends; (2) the Shining Path should end its opposition to the Andean development plan of President Garcia of Peru and should engage in the existing political debate of Peru; (3) the President should convey to President Garcia and the people of Peru the United States' commitment to Peruvian democracy; and (4) the President should urge the cooperation of our allies in efforts to promote a democratic and peaceful Peru.
United States · United States Congress · 1 July 1987
Chemical and Biological Weapons Nonproliferation Act - States the findings of the Congress and declares the policy of the United States concerning chemical and biological weapons. Requires the Secretary of Commerce to issue such regulations, licenses, and orders as may be required to control the export of materials, equipment, and technology having significance for the manufacture or use of chemical and biological weapons. Makes subject to the penalties imposed by the Export Administration Act of 1979 any person who violates any regulation, license, or order issued by the Secretary. Requires the Secretary of State to assess the risk of the proliferation of chemical and biological weapons. Specifies particular matters to be considered by such assessment and specifies that such assessment shall give particular attention to the materials, equipment, and technology that have direct significance for the production and use of chemical and biological weapons. Requires the Secretary of State to submit to the Congress a biannual report describing the status of: (1) control of the proliferation of chemical and biological weapons; (2) efforts to prevent the spread of such weapons; and (3) programs to control the export of materials, equipment, and technology having direct significance for the production of chemical and biological weapons. Requires the Secretary of State to establish a Chemical Industry Advisory Group to provide advice to the Secretary concerning such assessment and such biannual report. Requires to Secretary of State to inform the appropriate committees of the Congress of developments of significance to the proliferation and control of chemical and biological weapons.
United States · United States Congress · 30 June 1987
Expresses the sense of the Congress that: (1) the administration should oppose the implementation of the European Community directive which will limit U.S. access to such Community's agricultural markets; (2) if the European Community denies U.S. meat imports based on unsubstantiated standards or standards not applied to all Community members, the administration should adopt countermeasures; and (3) the administration should communicate to the Community that the United States views the directive as inconsistent with such Community's obligations under the General Agreement on Tariffs and Trade.
United States · United States Congress · 26 June 1987
Allied Commission on Out-of-Area Issues Act - Sets forth the purpose of this Act as providing a framework for the establishment of a commission on out-of-area issues (Commission) and encouraging the President to seek the establishment of such a Commission. States that such a Commission would include participants from among the group of militarily allied Western nations and would be regarded by the United States as a principal institution for consideration of allied perspective and policy options with respect to out-of-area issues. Expresses the sense of the Congress that the Commission should: (1) promote a better understanding of how Western nations might respond to out-of-area events and issues without formally engaging NATO and other security alliances; (2) specifically define potential out-of-area contingencies which might threaten the West; (3) better relate, for planning purposes, the out-of-area security concerns of Japan and America's other Asian allies with those of NATO; (4) explore the possibility of better coordinating the foreign and military aid programs of the Western allies as a means of promoting growth and stability in less developed countries; and (5) promote better coordination among Commission participants in the other multinational organizations to which they belong. Authorizes the President to invite the member states of NATO and Japan to participate with the United States in a commission on out-of-area issues and to also invite member states of the Security Treaty between Australia, New Zealand, and the United States (ANZUS), the Southeast Asia Treaty Organization (SEATO) and other appropriate countries to participate in the Commission. Expresses the sense of the Congress that such a Commission should: (1) be established within an already existing, nonsecurity-oriented, multinational framework; (2) be composed of nationally appointed delegates of demonstrated ability appointed by national executive branches of government; (3) convene at least twice yearly for the purpose of assessing works in progress and establishing future agendas; and (4) compile and dissemination task force reports, findings, and policy memoranda as well as an annual report. Requires the President to submit a report to the Congress on progress toward implementation of this Act.
United States · United States Congress · 25 June 1987
Expresses the sense of the House of Representatives that the President and the Secretary of State should express to the Soviets: (1) U.S. opposition to the Soviet Union's treatment of Leonid Brailovsky and all those who have applied to emigrate from the Soviet Union; (2) the U.S. desire that the Soviets allow Leonid Brailovsky and his family to emigrate to the United States; and (3) the U.S. desire that the Soviet Union cease the harassment of Soviet Jews and Christians seeking to emigrate.
United States · United States Congress · 25 June 1987
Declares that the Government of the Socialist Republic of Vietnam should: (1) immediately release all political prisoners; (2) fulfill its commitment to negotiate their humane resettlement abroad or to rejoin family members outside of Vietnam; and (3) immediately resume processing of family reunification cases under the United Nations High Commissioner for Refugees' Orderly Departure Program.
United States · United States Congress · 25 June 1987
Expresses the sense of the Congress that: (1) the people of the United States are committed to promoting democracy in all the Americas; (2) promotion of democracy in Panama would be best served by support for democratic institutions in accordance with the Panamanian constitution; (3) respect for internationally recognized human rights is an essential precondition to democracy in Panama; (4) a full and objective Panamanian investigation into allegations of wrongdoing should be conducted; and (5) the United States remains firmly committed to honoring its treaties with Panama.
United States · United States Congress · 24 June 1987
Amends the Internal Revenue Code to allow an income tax deduction for charitable contributions of agricultural products to assist victims of a drought, flood, or other natural disaster. Sets the amount of the deduction at the wholesale market value of the donated product.
United States · United States Congress · 24 June 1987
Declares that the Congress joins with the President in challenging Soviet General Secretary Gorbachev to open the Brandenburg Gate and tear down the Berlin Wall.
United States · United States Congress · 23 June 1987
States that the Congress: (1) congratulates President Oscar Arias Sanchez of Costa Rica on the contribution he has made by his initiative toward ending armed conflict, and reinforcing democracy, in Central America; and (2) supports the purpose of the initiative and urging all Central American countries to actively participate in a rescheduled summit meeting to discuss the initiative and to cooperate in the effort to reach a negotiated settlement of the conflict in Central America.
United States · United States Congress · 23 June 1987
Expresses the sense of the Congress that: (1) it is in the best interest of the United States that wheat producers receive immediately the details of the wheat price support program (loan rates and target prices) for the 1988 crop; and (2) the program should provide for a high acreage limitation (ARP) program under which acreage planted to wheat for harvest on a farm would be limited to the wheat crop acreage base reduced by no more than 27 1/2 percent.
United States · United States Congress · 18 June 1987
Procurement and National Security Act of 1987 - Expresses congressional findings with regard to the sale by Toshiba Machine Corporation and Kongsberg Vapenfabrik to the Soviet Union of machines used to make advanced submarine propellers undetectable by the United States. Prohibits the procurement of products manufactured by the Toshiba Machine Corporation or Kongsberg Vapenfabrik.
United States · United States Congress · 18 June 1987
National Training Incentives Act of 1987 - Declares that it is the policy and responsibility of the Federal Government to encourage cooperation between employers and employees to promote training programs which will assist employees, should they be displaced from the work force, in training for a trade or occupation for which present and future employment opportunities exist. Title I: Amendments to Internal Revenue Code of 1986 Relating to Employee Training - Amends the Internal Revenue Code to establish an employee training credit for employers. Adds such employee training credit to those credits which are included in the current year business credit for purposes of determining the general business income tax credit for a taxable year. Makes such employee training credit for any taxable year equal to 25 percent of the excess, if any, of: (1) the qualified training expenses of the taxpayer for such taxable year, over (2) the base period training expenses of such taxpayer. Defines "qualified training expenses" as the aggregate amount of expenses paid or incurred by the taxpayer during the taxable year in connection with the training of employees under approved training programs. Defines "base period training expenses" as the average of the qualified training expenses for each year in the base period. Defines "base period" as the five taxable years of the taxpayer immediately preceding the taxable year for which the determination is being made ("the determination year"). Sets forth transitional rules for the first four determination years beginning after December 31, 1984. Sets minimum base period training expenses by providing that, in the case of any determination year of the taxpayer for which the qualified training expenses exceed 200 percent of the base period training expenses, "50 percent of such qualified training expenses" shall be substituted for "the base period training expenses" in the formula to determine the amount of the credit. Defines "approved training program," for purposes of such employee training credit, to include: (1) any apprenticeship program registered or approved by Federal or State agencies; (2) any employer-designed or employer-sponsored training program which meets certain requirements prescribed by the Secretary of Labor (Secretary); (3) any cooperative education; (4) any training program designated by the Secretary which is carried out under the supervision of an institution of higher education; or (5) any other training program approved by the Secretary. Sets forth the special tax rules for the aggregation of qualified training expenses, allocations of such credits, and adjusted to such employee training credit amount for acquisitions and dispositions of a trade or business. Specifies that the employee training credit shall be in addition to any other deduction or credit allowed for the same expenses under the Federal tax law. Amends the Internal Revenue Code to exempt from any penalty tax early withdrawal from an individual retirement plan of a displaced worker if such withdrawals are made to pay training expenses, do not exceed the allowable amount, and are made in accordance with the requirements of this Act. Title II: Withdrawals from Individual Retirement Accounts and Annuities for Job Training for Displaced Workers - Entitles a displaced worker to apply to the Secretary of Labor (Secretary) for certification of such individual's status as a displaced worker. Defines a "displaced worker" as any individual, as of the time of application for a certificate, who has at least 20 quarters of coverage under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act, who has received employment counseling within the past year from an agency approved by the Secretary, and who is in one of the following categories: (1) receiving regular State unemployment compensation; (2) exhausted the right to receive such compensation; (3) unemployed, or received notification of termination of employment within six months, due to permanent closure of a plant or facility; or (4) unemployed for six months or more and with limited opportunity for employment in a similar trade or occupation within a reasonable commuting distance. Permits displaced workers to withdraw amounts from their individual retirement account or annuity (IRA) to pay the expense (tuition, fees, books, supplies, or required equipment) of an eligible training program. Limits the amounts of such IRA withdrawal to $5,000 per year (with cost-of-living adjustments), minus aggregate amounts distributed for training expense payments in the four immediately preceding taxable years. Requires withdrawals from an IRA for training expenses to be made only through the use of a voucher issued by the account trustee or insurance company custodian upon presentation to such trustee or custodian by the displaced worker of a displaced worker certificate and an invoice or statement evidencing that such worker has enrolled in an eligible training program. Sets forth requirements for the presentation and redemption of vouchers for payment of job training expenses. Prohibits depository institutions from assessing any penalty against a displaced worker for early withdrawals from an IRA to pay such training expenses. Permits adjustments in the rate of return on certain investments when IRA funds are withdrawn to pay such training expenses. Treats participation by a displaced worker in an eligible training program at a qualified institution as being in training with the approval of the State agency for purposes of State unemployment compensation law. Defines "eligible training program" as a training program offered by an institution of higher education, a postsecondary vocational institution, a proprietary institution of higher education, or any other institution approved by the Secretary which prepares students for gainful employment in a trade or occupation in which present and future employment opportunities exist. Requires the Secretary to promulgate regulations for: (1) the application of an educational institution for qualification of its training program; and (2) criteria for determining whether such a job training program qualified as an eligible training program under the terms of this Act. Directs the Secretary, for purposes of determining whether certain job training programs qualify as eligible training programs, to consider any determination relating to such programs made by: (1) the Administrator of Veterans Affairs or a State approving agency for veterans' educational programs; (2) a private industry council established under the Job Training Partnership Act or other official or group empowered to make determinations under such Act; (3) the Secretary of Education; (4) any State education agency; or (5) a nationally recognized accrediting agency which the Secretary determines to be reliable in evaluating the quality of job training programs. Sets forth nondiscrimination requirements for institutions offering such job training programs. Requires the Secretary to minimize the amount of paperwork and time necessary to certify any individual as a displaced worker or any training program as an eligible training program. Title III: State Employment Service Responsibilities - Directs the Secretary of Labor to allocate funds to States to reimburse administrative costs of public employment offices which provide certification for displaced workers, labor market and training information, and job search services. Authorizes appropriations for such purpose for FY 1988 and thereafter. Directs the Secretary to submit a report to the Congress on a nationwide computerized job bank and matching program authorized under the Job Training and Partnership Act. Title IV: Miscellaneous Provisions - Amends the Job Training Partnership Act to direct the private industry councils established under such Act to make information on job training programs available throughout their service delivery areas. Exempts such councils from limitations on expenditures imposed by such Act in providing such information. Excludes from the computation of the amount of the expected family contribution to a student for Pell Grant purposes any unemployment compensation received by such student or any IRA distribution used to pay training expenses of such student, provided such student is certified as a displaced worker under the terms of this Act.
United States · United States Congress · 17 June 1987
Amends title XVIII (Medicare) of the Social Security Act to ensure that rural hospitals which have no more than 50 beds and provide at least 70 percent of their inpatient hospital services to Medicare patients receive Medicare coverage of at least the reasonable costs of providing such services.
United States · United States Congress · 17 June 1987
Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to agree, by enactment of a joint resolution, on an estimate of total receipts for that fiscal year. Prohibits outlays for that year from exceeding such estimated receipts unless the Congress, by a three-fifths rollcall vote of each House, provides for a specific excess of outlays over receipts. Requires the Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of such excess in the ensuing fiscal year. Requires a three-fifths rollcall vote of each House to increase the public debt. Directs the President to submit to the Congress a proposed budget for each fiscal year in which total outlays do not exceed total receipts. Requires the approval by a majority of the total membership of each House by rollcall vote before any bill to increase revenue may become law. Waives this article for 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.
United States · United States Congress · 17 June 1987
Expresses the sense of the House of Representatives that the President should express to the Soviets: (1) the U.S. opposition to the Soviet Union's treatment of certain individuals and the Soviets' refusal to permit these individuals, their families, and other families to emigrate to Israel; (2) the U.S. desire that the Soviet Union comply with specified human rights agreements by permitting such individuals to emigrate to Israel; and (3) the U.S. desire that the Soviet Union cease harassing Soviet Jews seeking to emigrate and denying human rights to Soviet Jews.
United States · United States Congress · 16 June 1987
Amends the Surface Transportation Assistance Act of 1982 to repeal the authority granted governmental entities to impose restrictions based on safety considerations upon truck tractor-semitrailer vehicles wishing to use Federal-aid Primary System highways. Prescribes the considerations a governmental entity must demonstrate to the Secretary of Transportation in order to be authorized to restrict commercial motor vehicle access to Federal highways designed to be a width of ten feet or more. Permits a governmental entity to restrict access upon highways designed to be less than ten feet wide.
United States · United States Congress · 16 June 1987
Arms Export Control Amendments Act of 1987 - Amends the Arms Export Control Act to require the President to ensure the development of a standard operating manual setting forth procedures that shall be followed by Federal officials and employees with respect to the issuance of licenses for the export of defense articles and services. Requires such procedures to include: (1) background checks on applicants for such licenses; (2) end-use checks on such applicants; and (3) verification of delivery of such articles and services. Requires the President to ensure that a list be maintained of persons ineligible to receive such licenses. Requires applicants for such licenses to report all commissions and fees being charged in connection with the export of such articles and services. Prohibits issuance of a license to or participation in any export transaction by any person who: (1) is convicted of specified criminal offenses; or (2) is a member of a terrorist group or is engaged in racketeering activity. Authorizes, under such circumstances, the revocation of such license.
United States · United States Congress · 16 June 1987
Prohibits the importation or withdrawal from warehouse for consumption of any goods produced by the Toshiba Corporation or the Kongsberg Vaapenfabrik Company of Norway for five years.
United States · United States Congress · 10 June 1987
National Trails System Improvements Act of 1987 - Amends the National Trails System Act to retain to the United States interests in abandoned railroad rights-of-way. Directs the Secretary of the Interior to manage such lands unless they can be incorporated into a conservation system unit or a national forest. Authorizes the Secretary to transfer such lands under the Secretary's management to qualified entities for public recreational purposes. Authorizes the Secretary to sell such lands which are not adjacent to public lands after offering the State or local governments an opportunity to purchase such lands. Requires sale proceeds to be deposited in the Trails Fund established in the Treasury to be used for trail maintenance and loans to State or local agencies or other organizations for the acquisition of new trails. Requires the Secretaries of the Interior and the Treasury to report annually to the appropriate congressional committees on such Fund. Authorizes appropriations for FY 1988 through 1992 for administration. Authorizes appropriations for the Fund for FY 1988 and 1989.
United States · United States Congress · 10 June 1987
Declares that the House of Representatives deplores the Soviet denial of religious liberty and other human rights in Lithuania and elsewhere. States that on the occasion of the 600th anniversary of Christianity in Lithuania the House of Representatives: (1) sends its greetings to the Lithuanian people; (2) supports those Lithuanians who are persecuted for attempting to exercise freedom of religion; (3) urges the President and other officials to speak out against violations of religious liberty everywhere and specifically in Lithuania; and (4) calls upon the Soviet Union to abide by the Universal Declaration of Human Rights, the International Covenants on Human Rights, and the Final Act of the Conference on Security and Cooperation in Europe, including the provisions on religious liberty.
United States · United States Congress · 9 June 1987
Voluntary Education Demonstration Program Act - Authorizes the Director of the Peace Corps to carry out a training and educational benefits demonstration program. Provides that eligible students must: (1) have completed two years of study at an institution of higher education; (2) agree to enter the Peace Corps for a period of two years; and (3) be selected pursuant to a competitive process. Describes the selection process, training, and educational benefits. Directs the Secretary to report to the Congress on an evaluation of such program. Authorizes appropriations for FY 1988 through 1993.
United States · United States Congress · 4 June 1987
Amends the Federal criminal code to allow the National Association of State Racing Commissioners, State racing commissions, and authorities that regulate parimutuel wagering to: (1) use the facilities of the National Crime Information Center to receive, share, store, and disseminate criminal identification records; and (2) submit fingerprints to the Attorney General for identification and a criminal history records check.
United States · United States Congress · 3 June 1987
Retirement and Survivor Annuities for Bankruptcy Judges and Magistrates Act of 1987 - Establishes a new retirement system for bankruptcy judges and magistrates with 14 or more years of service, or at least eight years of service, upon attaining age 65. Entitles a bankruptcy judge or magistrate who has served at least five years to disability retirement. Provides for cost-of-living adjustments in such retirement system. Requires each bankruptcy judge or magistrate who elects an annuity under this Act to notify the Director of the Administrative Office of the United States Courts. Declares that such judge or magistrate shall not be entitled to an annuity under the civil service systems. Declares this Act applicable to service on or after October 1, 1979. Establishes transition provisions for incumbent judges and magistrates. Provides survivors' annuities for bankruptcy judges, magistrates, and incumbents. Authorizes the recall of retired bankruptcy judges and magistrates into service.
United States · United States Congress · 2 June 1987
Foreign Ownership of United States Banks Limitation Act - Amends the Federal Deposit Insurance Act to require the appropriate Federal banking agency to disapprove any proposed acquisition of an insured bank by a prohibited foreign national. States that such foreign national may be: (1) any country that appears on the list of controlled countries (which includes communist countries) of the Export Administration Act of 1979; (2) any national, agency, or instrumentality of such a country; or (3) any person who such Federal banking agency has reason to believe is an agent of such country, national, agency, or instrumentality. Requires a proposed acquirer of an insured bank to notify such Federal banking agency of the acquirer's nationality. Imposes a criminal penalty for willful failure to provide such information. Extends from 60 to 90 days the period for issuing a notice of disapproval if such Federal banking agency has reason to believe that the proposed acquisition may result in the ownership or control of an insured bank by a prohibited foreign national. Prohibits the responsible Federal banking agency from approving a proposed merger or consolidation of an insured bank if the responsible agency has reason to believe that the resulting bank would be owned or controlled by such a prohibited foreign national. Amends the Bank Holding Company Act of 1956 to prohibit the Federal Reserve Board from approving any acquisition, merger, or consolidation which the Federal Reserve Board has reason to believe would result in the ownership or control of a bank by a prohibited foreign national. Extends for 90 days the period for issuing notice of disapproval if the agency has reason to believe that the proposed acquisition may result in the ownership or control of an insured bank by such a prohibited foreign national. Prohibits the Comptroller of the Currency from issuing a certificate of banking authority to any national banking association which the Comptroller has reason to believe is owned or controlled by a prohibited foreign national. Prohibits the Comptroller from approving the conversion of any bank if the Comptroller has reason to believe that the bank is owned or controlled by any such prohibited foreign national. Amends the Federal Reserve Act to prohibit the Federal Reserve Board from approving an application to become a member of the Federal Reserve System by a bank which the Board has reason to believe is owned or controlled by any such prohibited foreign national. Amends the Federal Deposit Insurance Act to prohibit approval by the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) of an application for insurance by any bank if such bank is owned or controlled by a prohibited foreign national. Requires the appropriate Federal banking agency to require each insured bank to include in the first report of condition filed by such bank after enactment of this Act the nationality of any person who controls such bank. Amends the National Housing Act to require the Federal Savings and Loan Insurance Corporation (FSLIC) to disapprove any proposed acquisition if the FSLIC has reason to believe that the proposed acquisition would result in ownership or control of an institution by a prohibited foreign national. Requires a proposed acquirer of a depository institution to notify the FSLIC of the acquirer's nationality. Imposes a criminal penalty for willful failure to provide such information. Extends from 60 to 90 days the period for issuing a notice of disapproval if the FSLIC has reason to believe that the proposed acquisition may result in the ownership or control of an insured institution by such a prohibited foreign national. Prohibits the FSLIC from approving any acquisition that would result in the ownership or control of any savings and loan holding company, insured institution, or uninsured institution by a prohibited foreign national. Amends the Home Owners' Loan Act of 1933 to prohibit the Federal Home Loan Bank Board from granting a charter if the grant of such charter would result in the control of an institution by a prohibited foreign national. Prohibits the conversion of any association that is a member of the Federal Home Loan Bank, any Federal savings and loan association, any Federal savings bank, or any State-chartered savings bank into certain types of institutions if, after such conversion, such resulting institution would be controlled by a prohibited foreign national. Prohibits the FDIC from approving certain mergers and consolidations if the FDIC has reason to believe that the resulting bank, association, or institution would be owned or controlled by a prohibited foreign national. Amends the Federal Home Loan Bank Act to prohibit any building and loan association, savings and loan association, cooperative bank, homestead association, insurance company, or savings bank from becoming a member of, or a non-member borrower of, a Federal Home Loan Bank if such institution is controlled by a prohibited foreign national. Requires the Federal Home Loan Bank Board and the FSLIC to require each institution that is required to file reports of conditions with such Board or FSLIC to include in the first such report filed after enactment of this Act the nationality of any person who controls such institution.
United States · United States Congress · 28 May 1987
International Debt Recovery Act of 1987 - Amends the International Lending Supervision Act of 1983 to provide that in the establishment of capital adequacy levels for banking institutions, the appropriate Federal banking agencies shall require increased capital for such institutions exposed to country debt that has been classified by bank regulatory agencies in certain high risk categories, subject to specified conditions. Provides that the ultimate collectibility of debt shall be presumed, and increased capital shall not be required, in the case of countries that are demonstrating clear progress toward financial recovery and restored creditworthiness as indicated by specified factors. Provides that for countries not demonstrating such progress toward financial recovery and creditworthiness, the capital adequacy requirements shall be based on an evaluation of risk encompassing such factors as: (1) interruptions in debt servicing; (2) past and projected economic performance; and (3) secondary market valuation of the country's debt. Amends the Bank Holding Company Act of 1956 to exempt from the prohibition on ownership or control by a bank holding company of voting shares of a nonbanking organization the acquisition of shares in a company which does no business in the United States except as an incident to its international or foreign business if: (1) the shares are acquired as a result of or in connection with a conversion or exchange of restructured obligations, principal, interest, or any other proceeds of any restructured obligations or obligations issued in exchange for any new money contributions, or any other obligation the repayment of which in nonlocal currency and immediately available funds is prohibited under local law; (2) the bank holding company has received prior approval by the Federal Reserve Board for transactions in excess of the smaller of $50,000,00 or two percent of capital or, for all other transactions, provided prior notice to the Board; and (3) the shares are not held for more than ten years or, if later, five years after the investment may be legally repatriated in its entirety subject to the Board's authority to extend such period for good cause. Requires the Federal bank regulatory agencies to report semiannually to the specified congressional committees concerning steps taken to implement this Act, including specified information concerning the category of debt of various countries and the exposure and capital and reserve position of the 24 largest U.S. banks.
United States · United States Congress · 27 May 1987
Expresses the sense of the House of Representatives: (1) commending the people of Western Samoa on the 25th anniversary of their independence; (2) congratulating the people of Western Samoa on maintaining strong ties with the people of American Samoa; and (3) expressing hope that the people of Western Samoa will continue their relationship with the Americans of the Pacific.
![Official portrait of Rep. Bereuter, Doug [R-NE-1]](https://www.congress.gov/img/member/b000403_200.jpg)