United States · United States Congress · 10 April 1986
Agriculture and Energy Assistance Act of 1986 - Amends the Federal Deposit Insurance Act to direct the appropriate Federal banking agency to allow an agricultural or energy bank which engages in troubled debt restructuring involving only modification of the terms of the original debt agreement to account for the effects of the debt restructuring prospectively and to continue to account for the bank's investment in the original debt agreement in the amount recorded by the bank prior to such restructuring (provided the investment is less than or equal to the anticipated cash receipts from restructuring) to the extent such methods of accounting are consistent with generally accepted accounting principles. Directs the appropriate agency to prescribe the manner in which a bank will report any troubled debt restructuring in reports of condition. Authorizes the appropriate agency to limit troubled debt restructuring when necessary to maintain a bank in safe and sound condition. Requires each appropriate agency to allow the capital of a qualified insured bank to fall below its minimum capital requirement. Permits the agency to limit the extent and duration of the shortfall as necessary to maintain a bank in a safe and sound condition. Defines a bank as "qualified" if it: (1) demonstrates that the capital shortfall is attributable to problems in the agricultural or energy sectors of the economy; (2) demonstrates that it is making good faith efforts to restructure troubled debt; (3) applies before January 1, 1988; (4) submits an acceptable plan for increasing its capital to the minimum required level by January 1, 1993; and (5) meets such additional conditions as the agency may establish. Requires the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation to report to the Congress annually on their administration of such debt restructuring and capital standard forbearance provisions and on the extent to which banks are utilizing such provisions. Prohibits a national banking association from holding real estate under mortgage or purchased to secure debt for longer than ten years with no extension (currently, five years with a five-year extension if approved by the Comptroller of the Currency). Provides that a national banking association which the Comptroller of the Currency allows to decrease its capital below its required minimum capital level shall, nevertheless, be deemed to have unimpaired capital and unimpaired surplus equal to such minimum level for purposes of lending limits.
United States · United States Congress · 9 April 1986
Designates August 13, 1986, the 25th anniversary of the construction of the Berlin Wall, as Berlin Freedom Day. Urges the East German Government to dismantle the Berlin Wall.
United States · United States Congress · 9 April 1986
Prohibits the issuance of a letter of offer with respect to specified proposed sales of Sidewinder, Stinger, and Harpoon missiles and services to Saudi Arabia, as described in the April 8, 1986, certifications from the President to the Congress under the Arms Export Control Act.
United States · United States Congress · 8 April 1986
Continental Scientific Drilling and Exploration Act - Directs the Secretary of Energy, the Secretary of the Interior through the United States Geological Survey, and the Director of the National Science Foundation to implement the policies of the proposed Continental Scientific Drilling Program of the United States relating to earth science research and technological development. Prescribes guidelines for such implementation, including: (1) taking action to assure an effective cooperative effort in furtherance of the Program; (2) taking administrative and financial measures to assure the effective functioning of the Interagency Accord on Continental Scientific Drilling; (3) assuring the continuing operation of the Interagency Coordinating Group; and (4) assuring that the Interagency Coordinating Group receives appropriate Federal agency cooperation. Requires a report to the Congress within 180 days of enactment which describes: (1) policy objectives; (2) projected schedules of scientific and engineering events that would advance Program objectives; (3) resources and funding levels needed for projected schedules of events and Program policy objectives; and (4) cooperation with the international community.
United States · United States Congress · 8 April 1986
Expresses the sense of the Congress that the Farm Credit Administration and its associated agencies and institutions should take additional actions to alleviate the agricultural financial situation, including restructuring, rather than foreclosing, loans.
United States · United States Congress · 20 March 1986
Unpriced Military Contracts Reduction Act of 1986 - Limits during FY 1987 through 1989 the amount of funds available to the Department of Defense for undefinitized contractual actions. Defines "undefinitized contractual action" as a contractual action entered into by the Secretary of Defense or the Secretary of a military department for which the contract terms, specifications, or price are not definite before performance is begun. Amends Federal procurement law to prohibit the head of an agency from entering into an undefinitized contractual action unless the contracting officer for such contract justifies the use of such an action in a certificate of urgency. Outlines specified information to be included in each such certificate. Prohibits the head of any agency from making any progress payments for work performed with respect to an undefinitized contractual action until: (1) the date on which 40 percent of such performance is completed; or (2) the end of the 180-day period after the date that performance is begun.
United States · United States Congress · 19 March 1986
Expresses the sense of the House of Representatives that Federal excise taxes and tariffs when incurred by business in the production of income should remain deductible for Federal income tax purposes.
United States · United States Congress · 18 March 1986
Telephone Decency Act of 1986 - Amends the Communications Act of 1934 to prohibit any obscene or indecent telephone communication for commercial purposes to any person in the District of Columbia or in interstate or foreign communication. (Current law prohibits such communication to any person without his or her consent or to any person under 18 years of age.)
United States · United States Congress · 17 March 1986
Expresses the sense of the Congress that the provisions of H.R. 3838, or of any similar tax reform legislation, should not take effect before the date of the enactment of such legislation.
United States · United States Congress · 13 March 1986
Expresses the House of Representatives' disapproval of any proposal to establish a Social Security Court or limit, in any other manner, the jurisdiction of U.S. district courts over appeals of administrative decisions concerning entitlement to social security benefits.
United States · United States Congress · 12 March 1986
Amends Federal law relating to the employment and training benefits for disabled and Vietnam era veterans to expand readjustment appointments in the Federal Government for such veterans up to and including the GS-11 level through December 31, 1991 (currently up to and including GS-9 through September 30, 1986). Requires a preference in appointment to be given to a veteran: (1) who has more than 14 years of education; and (2) who is either entitled to disability compensation or whose discharge from active duty was for a service-connected disability.
United States · United States Congress · 12 March 1986
Amends Federal veterans' benefits provisions to exempt from any sequestration of funds under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) certain benefits of veterans and their dependents and survivors which are based upon the service-connected disability or death of such veterans.
United States · United States Congress · 10 March 1986
Provides that the Internal Revenue Service may not, before July 1, 1987, enforce its regulations relating to substantiation requirements for the deductions attributable to the business use of vehicles. Requires the Internal Revenue Service to follow the regulations in effect prior to the enactment of the Tax Reform Act of 1984. Prohibits the issuance of any regulations with respect to the substantiation requirements before July 1, 1987.
United States · United States Congress · 6 March 1986
Establishes a presumption of service-connection for disability purposes for former prisoners of war suffering from the following conditions after active service: (1) organic residuals of hypothermia; (2) spastic colon; and (3) arthritis due to trauma. Decreases from six months to 90 days the amount of time a former prisoner of war must have been incarcerated to be eligible for outpatient dental services.
United States · United States Congress · 6 March 1986
Expresses the sense of the House of Representatives that the Postmaster General should issue a postage stamp honoring American servicemen and civilians still unaccounted for as a result of the conflict in Indochina.
United States · United States Congress · 27 February 1986
Amends Federal law relating to competition requirements in defense contracts to direct the head of a defense agency to require any firm that submits a bid or proposal in response to a solicitation to disclose in such bid or proposal any significant interest in that firm that is owned or controlled by a foreign government or a foreign national. Requires the head of an agency to exclude from consideration for a contract exceeding $100,000 a firm in which a hostile foreign government or covered foreign national owns or controls a significant interest. Directs the Secretary of Defense to prescribe regulations listing hostile foreign governments. Makes this Act inapplicable to the Coast Guard or the National Aeronautics and Space Administration.
United States · United States Congress · 27 February 1986
Title I: Wheat and Feed Grains - Amends the Agricultural Act of 1949, effective for the 1986 through 1990 wheat and feed grain crops, to establish voluntary marketing certificate programs for producers participating in annual acreage reduction programs. Determines the amount of such certificates by multiplying the individual farm program acreage by the farm's program yield (at a minimum of 1985 levels). States that such certificates are nontransferable. Makes such certificates available to importers. Requires wheat and feed grains sold for domestic consumption to be accompanied by a market certificate. Permits noncertificate wheat or feed grains to be sold for export or used on the producing farm. Provides that wheat or feed grains produced in excess of a farm's certificates may be used on that farm, sold for export, or carried over to the subsequent marketing year. Sets 1986 through 1990 loan rates at: (1) $5.00 per bushel for wheat; and (2) $3.50 per bushel for corn. Sets forth penalties for violations of such provisions. Directs the Secretary of Agriculture to provide export incentives in cash or in kind to U.S. exporters selling certificate-accompanied grain abroad. Title II: Debt Adjustment - Amends the Consolidated Farm and Rural Development Act to direct the Secretary to provide a debt adjustment program of guaranteed farm ownership and operating loans. Includes provisions for debt write-offs and interest rate reductions in such program. Title III: Agricultural Loan Losses - Amends the Federal Deposit Insurance Act to permit an agricultural bank to amortize the loss from a restructured agricultural loan over ten years.
United States · United States Congress · 26 February 1986
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: (1) five percent or more in a U.S. person or in other property in the United States; (2) $10,000 or more in a bank deposit; or (3) $10,000 or more in U.S. securities. 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 become foreign persons of other countries. 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 · 20 February 1986
Expresses the sense of the Congress that volunteer work should be taken into account by employers when hiring and listed on employment application forms.
United States · United States Congress · 19 February 1986
Authorizes and requests the President to present, on behalf of the Congress, gold medals to Anatoly and Avital Shcharansky in recognition of their supreme dedication and total commitment to human rights and freedoms. Requires the Secretary of the Treasury to determine the design of the medals. Authorizes appropriations. Authorizes the Secretary to sell bronze duplicates of the medals.
![Official portrait of Rep. Bryant, John W. [D-TX-5]](https://www.congress.gov/img/member/b000997_200.jpg)