United States · United States Congress · 7 January 1987
Full Credit Card Cost Disclosure Act - Amends the Truth in Lending Act to require that all credit card applications and solicitations include information regarding the annual interest rate, finance charge conditions, and other related charges and fees. Requires such information, as prescribed by the Board of Governors of the Federal Reserve System, to be prominently displayed in table form.
United States · United States Congress · 6 January 1987
Provides for the continuation of the three-year income tax basis recovery rule with respect to annuities of Federal employee contributions to Federal retirement systems. Directs the Office of Personnel Management to report to specified congressional committees on the effects of a retroactive repeal of such rule on the Federal workforce.
United States · United States Congress · 6 January 1987
Requires that $40,000,000 in aid to the Nicaraguan democratic resistance shall be withheld until the special congressional committees that are investigating the arms sales to Iran, the alleged diversion of proceeds from those sales to the Nicaraguan democratic resistance, and related matters have completed their investigations. Reduces the amount of aid made available to the resistance following completion of such investigations by the amount of the proceeds from the arms sales, if any, that were illegally used for aid to the resistance.
United States · United States Congress · 6 January 1987
Public Safety Officers' Benefits Amendments of 1987 - Amends the Omnibus Crime Control and Safe Streets Act of 1968 to increase from $50,000 to $100,000 the benefits paid to survivors of public safety officers (law enforcement officers and fire fighters) who die as a result of injury sustained in the line of duty. Allows such benefits to be paid to a designated beneficiary if there is no surviving spouse, child, or parent. States that funds in the Department of Justice Assets Forfeiture Fund shall be used for the payment of one-half of such benefits.
United States · United States Congress · 6 January 1987
Truth in Savings Act - Requires each advertisement, announcement, or solicitation by a depository institution which refers to a specific interest rate, yield, or rate of earnings on amounts deposited in a demand or interest-bearing account to state the following information clearly and conspicuously: (1) the annual percentage yield and the period such yield is in effect; (2) all minimum initial deposit, minimum balance, and time requirements for earning such yield; (3) the annual rates of simple interest; (4) fees or other conditions that could reduce the yield; (5) any interest penalty for early withdrawal; and (6) the effective percentage yield on the maturity date of any account maturing in less than one year. Authorizes the Board of Governors of the Federal Reserve System to exempt advertisements, announcements, or solicitations made by any broadcast or electronic medium or outdoor advertising displays not on the premises of a depository institution, from the disclosure requirements relating to initial deposit requirements, rates of simple interest, or fees, if such disclosure would be unnecessarily burdensome. Prohibits any depository institution from advertising an account as a free or no-cost account if: (1) there are minimum balance or limited transaction requirements to avoid fees; or (2) there is any service fee, transaction fee, or similar charge imposed for such account. Prohibits any institution from making any advertisement, announcement, or solicitation that is inaccurate or misleading or that misrepresents its deposit contracts. Requires each depository institution to maintain a schedule, written in clear and plain language, of fees, charges, interest rates, and terms and conditions such as minimum balance and time requirements applicable to each class of accounts offered. Requires that such schedule be disclosed to potential customers and requesting individuals and mailed to account holders. Requires that account holders receive 30 days' advance notice of any change to be made in any term or condition required to be disclosed in the schedule if the change might reduce the yield or adversely affect any account holder. Directs the Board to require modified disclosure requirements concerning the annual yield on variable rate accounts, multiple rate accounts, guaranteed-rate accounts that mature in less than one year, and accounts for which the interest rate is not guaranteed. Directs the Board to provide for public notice and comment on, and to publish, model forms and clauses for common disclosures required by this Act. Provides for the enforcement of this Act and the civil liability of a depository institution that fails to comply with requirements of this Act. Sets forth limitations on such liability and factors to be considered by the court in determining class action awards. Provides that an institution may not be held liable for a violation if the institution demonstrates that the violation was not intentional and resulted from a bona fide error. Establishes U.S. district court jurisdiction and a one-year statute of limitations for actions brought under this Act. Directs the National Credit Union Administration to provide for the similar regulation of credit unions.
United States · United States Congress · 6 January 1987
Permits certain veterans with service-connected disabilities who are retired members of the uniformed services to receive compensation concurrently with retired pay, without deduction from either.
United States · United States Congress · 6 January 1987
Construction Industry Labor Law Amendments of 1985 - Amends the National Labor Relations Act to provide that in the construction industry two or more business entities engaged in the same or similar work shall be deemed a single employer if they have: (1) substantial common ownership; (2) common management; or (3) common control. Applies the terms of a collective bargaining agreement regarding employees of such business entities to all other business entities comprising the same single employer within the geographical area covered by the agreement. States that collective bargaining agreements may only be repudiated after the National Labor Relations Board certifies election results in which a majority of the employees select a bargaining representative other than the representative with whom such agreement was made.
United States · United States Congress · 6 January 1987
National Observance Advisory Act - Establishes the President's Advisory Commission on National Observances to establish criteria for recommending to the President that a proposed national observance be approved or disapproved.
United States · United States Congress · 6 January 1987
Foreign Ownership Disclosure Act - Requires registration of an investment by a foreign person if the investment results in acquisition, ownership, or control by the foreign person of a cumulative interest of five percent or more in a U.S. person or in other property in the United States. Prohibits a foreign person from making such an investment unless the foreign person first registers the investment with the Secretary of Commerce. Sets forth information to be provided in the registration. Requires foreign persons who, at the time of enactment of this Act, hold such investments in the United States to register those investments within 180 days and to include the date on which such investments were made. Requires foreign persons to report certain information to the Secretary if they transfer interest in such investments. Requires a foreign person who has investments in the United States to report certain information to the Secretary if another person acquires a cumulative interest of five percent or more in such foreign person. Requires registration, if they have certain investments in the United States, by persons who become foreign persons and by foreign persons who change nationalities. Requires foreign persons to give annual updates of their registration information to the Secretary. Sets forth the method of determining whether a person acquires indirectly a cumulative interest of five percent or more in another person. Sets forth civil and criminal penalties for violations of this Act. Authorizes the Secretary to monitor compliance with this Act. Directs the Secretary to issue regulations to carry out this Act. Directs the Secretary to report annually to the Congress and the President on: (1) the extent and effects of foreign investment in the United States; and (2) the effectiveness and efficiency of the registration and reporting requirements of this Act. Directs the Secretary to compile an inventory of foreign investments in the United States which shall be available to the public.
United States · United States Congress · 6 January 1987
Repeals the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), except for specified provisions concerning: (1) the budget treatment of, and restoration of funds to, social security trust funds; and (2) the restoration of funds to other Government trust funds.
United States · United States Congress · 6 January 1987
Mutual Nuclear Warhead Testing Moratorium Act - Expresses the sense of the Congress that the President should declare that the United States: (1) will, as soon as in-country reciprocal monitoring arrangements are implemented, stop testing nuclear warheads; and (2) will invite the Soviet Union to stop testing nuclear warheads and meet with the United States to enter into negotiations for the conclusion of a Comprehensive Test Ban Treaty at the earliest possible date. Declares that the United States should continue the cessation of the testing of nuclear warheads so long as the Soviet Union refrains from the testing of nuclear warheads and substantive Comprehensive Test Ban Treaty negotiations are in progress. Expresses the sense of the Congress that during such cessation the President should seek resumption of the comprehensive test ban talks. Prohibits the United States from obligating or spending any money for testing nuclear warheads outside a designated test area or for testing certain larger warheads within such a test area during the 12-month period beginning 90 days after enactment of this Act if the President does not declare a cessation of nuclear testing. Declares that such prohibition shall cease to apply if the President certifies that: (1) the Soviet Union has carried out such tests; or (2) after the prohibition takes effect, the Soviet Union refuses to accept and implement reciprocal in-country monitoring arrangements. Sets forth information to be included in such certification. Declares that the limitation on nuclear explosions shall be supplanted by a U.S.-Soviet agreement establishing significant limits on nuclear explosions that is negotiated after enactment of this Act. Requires the President to report annually to the Congress on progress in negotiating a U.S.-Soviet Comprehensive Test Ban Treaty.
United States · United States Congress · 6 January 1987
Declares that the United States: (1) condemns the seven years of Soviet aggression against the Afghan people; and (2) urges the conclusion of a negotiated political settlement based on the complete withdrawal of foreign troops, restoration of the independent status of Afghanistan, self-determination for the Afghan people, and the safe return of the Afghan refugees.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Allows the President an item veto of appropriations bills. Requires the President, in signing such a bill, to designate the provisions disapproved and return the bill to the House in which it originated. Subjects such bills to the same proceedings as other bills disapproved by the President.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Declares that equality of rights under the law shall not be denied or abridged by the United States or any State on account of sex.
United States · United States Congress · 6 January 1987
Gives special recognition to the achievements of wilderness ecologist Aldo Leopold. Urges Federal land management agencies to model their activities after the conservation ethic he inspired.
![Official portrait of Rep. Brennan, Joseph E. [D-ME-1]](https://www.congress.gov/img/member/b000798_200.jpg)