United States · United States Congress · 23 March 1989
Used Oil Recycling Act of 1989 - Amends the Solid Waste Disposal Act to prohibit the Administrator of the Environmental Protection Agency from listing or identifying as a hazardous waste any: (1) recycled oil; (2) used oil transferred to a person who certifies that such oil will be rerefined, processed, or reclaimed for a beneficial purpose or stored less than 12 months prior to such transfer; and (3) used oil which has been removed from the engine of a light duty motor vehicle or household appliance by the owner, transferred to a service station dealer, and stored by the dealer for less than 12 months. Requires the Administrator to determine whether to list as a hazardous waste used oil which is a solid waste and does not satisfy the above-listed criteria. Directs the Administrator to establish management standards for the storage, testing, transportation, treatment, exportation and importation, and processing of used oil. Requires such standards to be designed to protect human health and the environment by encouraging and expanding reliance on recycling of used oil. Exempts generators of used oil from recordkeeping or reporting requirements if such generators: (1) enter into an agreement for delivery of such oil to a recycling facility whose owner or operator certifies compliance with such standards or recycles such oil; (2) do not mix the oil with any hazardous wastes; and (3) maintain necessary records relating to the oil. Prohibits mixing used oil with any hazardous waste identified under such Act except where: (1) such mixing involves an identified hazardous waste and the resulting mixture does not exhibit a characteristic identified in such Act; and (2) the used oil mixture is burned to recover useful energy such that protection of human health and the environment is assured. Deems owners or operators of facilities which process used oil for fuel to have permits for recycling activities if in compliance with management standards. Directs the Administrator to conduct inspections of such facilities to determine compliance with such standards. Requires the Administrator to implement educational programs to inform the public about the environmental and safety hazards associated with improper handling of used oil and the benefits of used oil recycling. Authorizes appropriations. Directs the Administrator to promulgate regulations concerning the procurement of used oil fuel by Federal agencies subject to the requirements of the Solid Waste Disposal Act.
United States · United States Congress · 23 March 1989
Aviation Career Improvement Act of 1989 - Amends Federal military pay provisions to require an officer, to be eligible for aviation career incentive pay, to perform the prescribed operational flying duties (including flight training but excluding proficiency flying) for nine of the first 12, and 12 of the first 18, years of aviation service. (Current law requires six of the first 12, and 11 of the first 18.) Allows such an officer continuous monthly incentive pay for the first 22 years of his or her officer service if an officer performs the prescribed operational duties for at least ten but less than 12 of the first 18 years of aviation service. (Current law requires at least nine but less than 11 of the first 18 years in order to be eligible for such limited incentive pay.) Increases the rates of such aviation career incentive pay, such rates increasing as the years of service increase. Increases the rates of such incentive pay proportionately whenever the President increases the rates of monthly basic pay. Authorizes the Secretary of the military department concerned to delay implementation of such provisions until a proper time as determined by such Secretary. Amends the National Defense Authorization Act, Fiscal Year 1989 to extend through FY 1992 (currently, FY 1989) the period during which an aviation officer may execute a career continuation agreement and therefore be paid an aviator retention bonus. Directs the following officials, on November 1 of each year beginning with 1989, to submit a report to the Secretary of Defense analyzing the effect that the aviator retention bonus program has had during the preceding fiscal year on the retention of qualified aviators in such officials' departments: the Secretary of each military department, the Secretary of Transportation with respect to the Coast Guard the Secretary of Commerce with respect to the National Oceanic and Atmospheric Administration, and the Secretary of Health and Human Services with respect to members of the Public Health Service. Directs the Secretary of Defense, no later than December 1 of each year beginning in 1989, to submit such reports to the Senate and House Armed Services Committees (the defense committees), together with comments and recommendations. Increases the limitation on obligations for aviator retention bonuses to be paid to Navy and Air Force officers during FY 1990. Directs the Secretary of Defense to reduce, by no later than September 30, 1992, the number of nonoperational flying duty positions in the armed forces by a number equal to not less than five percent below the total number of such positions in existence as of the end of FY 1989. Directs the Secretary to effectuate a reduction of not less than two percent by the end of FY 1991, with the remainder of such reduction to be realized by the end of FY 1992. Prohibits any increase in the number of such positions after September 30, 1991, unless specifically authorized by law. States that the minimum active duty obligation of any member who successfully completes training in the armed forces as a pilot shall be nine years if trained to fly fixed wing jet aircraft, and seven years if trained to fly any other type of aircraft. Provides a minimum active-duty obligation of seven years for navigators or naval flight officers successfully completing such training. Directs the Secretary, no later than December 1, 1989, to report to the defense committees a legislative proposal for an accidental death insurance plan for aviators serving on active duty that provides for the payment of death benefits of $100,000 for death resulting from the performance of operational flight duty. Requires the Director of the Congressional Budget Office to conduct a study of the aviator assignment policies and practices of the armed forces, and submit the results of such study to the defense committees no later than February 15, 1990. Expresses the sense of the Congress that: (1) the President should establish a commission to study the reasons for the critical shortage of qualified aviators in both the armed forces and the commercial airline industry; (2) the President should include in such commission representatives from the commercial airlines, the Department of Defense, and other appropriate sources; (3) the President should appoint all members of such commission no later than February 15, 1990; and (4) the commission should be required to report the results of its study to the President and the Congress no later than March 1, 1991, together with specific recommendations for eliminating such shortage of qualified aviators.
United States · United States Congress · 23 March 1989
Rural Emergency Medical Services Improvement Act of 1989 - Amends the Public Health Service Act to create a new title on emergency medical services for rural areas. Directs the Secretary of Health and Human Services to make an allotment for each State each fiscal year for improving the availability and quality, in rural areas, of emergency medical services and emergency medical services systems provided to victims of emergencies prior to the arrival of the victims at medical facilities. Requires, after FY 1990, non-Federal matching contributions in a specified ratio. Allows a State to expend payments received for: (1) recruitment, training, and retention of personnel; (2) purchase, upgrading, and maintenance of equipment; (3) planning, coordination, and support of local emergency medical services and systems; and (4) public education. Requires that the State plan for emergency services provide for adequate services in rural areas. Sets forth a formula for determination of the amount of allotments. Authorizes appropriations for FY 1990 through 1992. Authorizes the Secretary to make grants for research into and demonstration projects concerning ways to improve the availability and quality of prehospital emergency medical services in rural areas by using communications technologies, making continuing education more accessible, improving curricula, undertaking outcome studies, and developing innovative financing mechanisms. Authorizes the Secretary to make grants for pilot projects to develop community-based centers to coordinate and deliver comprehensive occupational health and safety services to rural communities. Authorizes appropriations for FY 1990 through 1992 for improving rural prehospital emergency services and for centers for rural occupational health and safety services.
United States · United States Congress · 23 March 1989
Designates the week beginning September 1, 1989, as World War II Remembrance Week in commemoration of the 50th anniversary of the outbreak of that War.
United States · United States Congress · 23 March 1989
Expresses the sense of the Congress that the disparity between rural and urban physician fees under title XVIII (Medicare) of the Social Security Act must be reconciled.
United States · United States Congress · 16 March 1989
Establishes the National Park System Review Board to maintain a continuing review of National Park Service programs and of existing and proposed National Park System units. Requires the Board to transmit annually to the President and the Congress: (1) a report containing the results of such review, together with recommendations for the management of the National Park System or any proposed additions; and (2) budget recommendations for the Service and the Board. Establishes a Director of the National Park Service within the Department of the Interior, to be appointed by the President, by and with the advice and consent of the Senate. Sets forth the functions of the Director. Mandates a five-year term of office.
United States · United States Congress · 16 March 1989
Amends the Tariff Act of 1930 to establish in the Treasury the Textile Machinery Modernization Fund. Appropriates revenues from customs duties imposed on textile machinery and parts imported into the United States to such fund for research projects for the modernization of the U.S. textile machinery industry.
United States · United States Congress · 14 March 1989
Eliminates post-1968 service in the National Guard as a prerequisite to civil service retirement credit for former National Guard technicians. Amends the National Guard Technicians Act of 1968 to eliminate post-1968 service as a prerequisite for National Guard technicians for receipt of credit in the determination of length of Federal civil service for purposes of leave, Federal employees' death and disability compensation, group life and health insurance, severance pay, tenure, and status. Sets forth rules for applying provisions of this Act to affected individuals.
United States · United States Congress · 14 March 1989
Federal Crop Insurance Adjustments Act of 1989 - Amends the Federal Crop Insurance Act to require periodic training and certification of crop insurance agents and brokers. Provides incentives to encourage Federal crop insurance sales. Directs the Agricultural Stabilization and Conservation Service (Service) to establish: (1) a Federal crop insurance information center; and (2) an insurance agent referral service. Directs the Federal Crop Insurance Corporation to make crop insurance information available to the Service. Eliminates a specified premium penalty for insuring more than one farm owned or operated by the same person. Establishes separate insurance units for specified kinds of soybeans.
United States · United States Congress · 9 March 1989
Radon Gas Tax Relief Act of 1989 - Amends the Internal Revenue Code to permit a 40 percent nonrefundable income tax credit of up to $4,000 for expenditures made for radon testing in or below the taxpayer's principal residence and for the installation of property designed to reduce radon levels inside the residence. Permits an income tax deduction (both individual and corporate) for radon prevention expenditures in connection with real property development, building construction or enlargement, and certain relocation dwellings. Makes the tax credit and the tax deduction mutually exclusive with respect to the same expenditures. Amends Federal law to make funds available for the reimbursement of Federal employees for radon protection expenditures necessary to overcome a substantial obstacle to the salability of a principal residence being sold in conjunction with a transfer to a new location.
United States · United States Congress · 9 March 1989
Recognizes the National Fallen Firefighters' Memorial at the National Fire Academy in Emmitsburg, Maryland, as the official national memorial to volunteer and career firefighters who die in the line of duty.
United States · United States Congress · 9 March 1989
Expresses disapproval of the refusal of the U.S.S.R. to recognize the sovereignty of the Baltic Republics. Designates June 14, 1989, as Baltic Freedom Day. Authorizes and requests the President to call upon the Soviet Union, the Federal Republic of Germany, and the Democratic Republic of Germany to renounce the acquisition or absorption of the Baltic Republics by the Soviet Union as a result of the Molotov-Ribbentrop Pact.
United States · United States Congress · 8 March 1989
General Aviation Standards Act of 1989 - Amends the Federal Aviation Act of 1958 (with respect to aviation accident investigations) to apply such Act, with specified exceptions, to any action for damages for harm arising out of a general aviation accident brought against a manufacturer, owner, or operator of a general aviation aircraft, or a person who supports or maintains such aircraft or any other person or governmental entity. Establishes guidelines for uniform standards of liability of general aviation manufacturers for such accidents. States that all actions for harm arising out of a general aviation accident shall be governed by the principles of comparative responsibility. Establishes, with specified exceptions, a limitation of actions period of 12 years from delivery of aircraft or harm-causing part to the purchaser for general aviation civil liability brought against a general aviation manufacturer. Declares admissible as evidence certain income tax and payroll tax liability for purposes of establishing financial harm arising out of a general aviation accident. Permits the award of punitive damages if a claimant establishes by clear and convincing evidence that the harm suffered was the direct result of conduct manifesting conscious, flagrant indifference to safety. Establishes a two-year limitation of actions period for actions arising out of such an accident. Confers original jurisdiction upon the Federal district courts, concurrently with State courts, for all civil actions for harm arising out of a general aviation accident. Provides procedures for removal from State to Federal district courts of such actions. Declares that this Act supersedes any State law regarding recovery of damages for harm arising out of a general aviation accident. Declares the intent of the Congress that sanctions be strictly enforced for violations of Rule 11 of the Federal Rules of Civil Procedure, including orders to pay to the other party the reasonable costs of legal fees. Requires the Secretary of Transportation to report to the Congress, within one year after the date of enactment of this Act, the results of a study determining whether persons awarded damages for general aviation accidents under this Act are unable to collect such damages, and the amount of any uncollectible damages.
United States · United States Congress · 8 March 1989
Designates September 15, 1989, as National POW/MIA Recognition Day. Recognizes the National League of Families POW/MIA flag as the official symbol of the United States' commitment to resolving the fates of Americans still prisoner or missing in action in Southeast Asia.
United States · United States Congress · 6 March 1989
Military Child Care Act of 1989 - Directs the Secretary of Defense (the Secretary) to make a specified portion of FY 1990 operation and maintenance funding available for military child care only. Prohibits during FY 1990 the use of nonappropriated funds from parent fees, used for purposes of military child care, for any expense other than compensation of employees directly involved in the giving of child care. Directs the Secretary to establish a uniform training program for child care employees as a condition of employment. Requires the Secretary to increase the compensation of child care employees so that their compensation is comparable to other employees on the same military installation. Requires at least one employee at each military child development center to be a training and curriculum child care employee, with appropriate educational credentials and child care experience. Gives preference to qualified military spouses for employment as child care employees. Requires that additional child care personnel positions be made available in the Department of Defense. Requires a report on child care employee turnover. Directs the Secretary to issue uniform regulations for military child development centers on fees and priority for accepting children, with first priority given to single parents who are armed forces members and second priority given to dual service couples. Provides for child abuse prevention and safety in military child care. Directs the Secretary to establish: (1) a special task force to respond to allegations of widespread abuse at a military child development center; and (2) a national telephone hotline for reporting suspected child abuse or safety violations at a development center or family day care home. Provides for: (1) assistance from local authorities; (2) safety regulations; (3) inspections; (4) deadlines for remedying violations; and (5) installation of video cameras and recorders at such centers. Requires the Secretary, the Attorney General, and the Comptroller General to study and report to the Congress on areas of mutual concern in military child care and child abuse. Directs the Secretary to require the establishment of parent boards and parent participation programs at each military child care center. Amends the National School Lunch Act to extend the child care food program to Department of Defense programs overseas. Authorizes appropriations. Directs the Secretary to submit a report and plan to the Congress on demand for child care by military and civilian personnel in the armed forces over a specified five-year period. Directs the Comptroller General to study and report to the Congress on child care supply and demand outside the continental United States with respect to armed forces members and Department of Defense civilian employees.
United States · United States Congress · 2 March 1989
Directs the Secretary of Energy to establish three Centers for Metal Casting Competitiveness Research as part of the Department of Energy's energy conservation programs.
United States · United States Congress · 1 March 1989
Imposes a civil penalty upon any person who mails to any individual or group of individuals at their place of residence: (1) any unsolicited sexually oriented advertisement; or (2) any unsolicited obscene, lewd, lascivious, indecent, filthy, or vile article, matter, thing, device, or substance.
United States · United States Congress · 1 March 1989
National Plumbing Products Efficiency Act of 1989 - Title I: Water Use Standards for Plumbing Products - Requires the Secretary of Commerce to prescribe test procedures for classified products. Directs the Secretary to establish water use performance standards for plumbing products classified as covered products. Requires such standards to be designed to achieve the maximum water efficiency which the Secretary determines is technologically feasible and economically justified. Sets forth maximum water use standards for the following products: (1) water closets; (2) urinals; (3) showerheads; and (4) faucets. Directs the Secretary to prescribe water use standards for any product that is classified as a covered product and manufactured and sold on or after the date that is three years after such product receives its classification. Describes the procedure for prescribing water use standards. Directs the Secretary to reevaluate such standards at the end of each five-year period after the date of enactment of this title. Requires the Secretary to publish the existing water use standards in the Federal Register and to allow a specified period for comment by interested persons. Directs the Federal Trade Commission to prescribe labeling and marking rules for each classified product. Directs the Secretary to study the feasibility of determining coverage for additional consumer products. Establishes a procedure for testing plumbing products and for maintaining test data. Directs the National Institute of Standards and Technology to assist the Secretary as necessary. Requires the Secretary of the Treasury to prescribe rules for any covered product offered for importation. Sets forth provisions for prohibited acts, enforcement procedures, and the commencement of civil actions under this title. Declares that standards, procedures, or rules under this title supersede State or river basin commission regulations. Provides for a waiver of Federal preemption over such State or river basin commission regulations. Directs the Secretary of Commerce to establish an advisory committee to report annually to the Congress on the implementation of this title by the Secretary and the Commission. Directs the Secretary to report annually to the Congress and the President on activities under this title. Authorizes appropriations for FY 1990 through 1994. Title II: Water Use Standards for Dishwashers and Clothes Washers - Amends the Energy Policy and Conservation Act to provide for the establishment of standards for water use by dishwashers and clothes washers.
United States · United States Congress · 1 March 1989
Amends the Internal Revenue Code to extend through 1992 the period during which qualified mortgage bonds and mortgage credit certificates may be issued. (Under current law, authority for these programs is due to expire as of 1990.)
United States · United States Congress · 28 February 1989
Appalachian Regional Development Act Amendments of 1989 - Amends the Appalachian Regional Development Act of 1965 to include as a purpose of such Act public investment in severely distressed and underdeveloped counties or areas lacking resources for basic services. Authorizes appropriations for the Appalachian Regional Commission for FY 1990 through 1994. Permits the Commission to lease office space through FY 1994. Authorizes appropriations for FY 1990 through 1994 for construction of the Appalachian development highway system and local access roads. Increases from 70 percent to 80 percent the maximum Federal share of such highway construction costs. Allows for Federal supplements to the Federal grant-in-aid programs to continue through FY 1994. Authorizes appropriations for FY 1990 through 1994 to carry out such Act. Terminates specified provisions of such Act on October 1, 1994.
United States · United States Congress · 23 February 1989
Amends the National Trails System Act to designate as components of the National Trails System: (1) the California National Historic Trail, extending from Independence and Saint Joseph, Missouri, and Council Bluffs, Iowa, to various points in California and Oregon; and (2) the Pony Express National Historic Trail, extending from Saint Joseph, Missouri, through Kansas, Nebraska, Colorado, Wyoming, Utah, and Nevada to Sacramento, California.
United States · United States Congress · 22 February 1989
Provides for all Federal civilian and military retirees to receive the full cost-of-living adjustment in annuities payable under Federal retirement systems for FY 1990. (Includes benefits payable under the Civil Service Retirement and Disability System, military retirement and survivor benefit programs, the Foreign Service Retirement and Disability System, the Central Intelligence Agency Retirement and Disability System, and railroad retirement programs.)
United States · United States Congress · 9 February 1989
Congressional Scholarships for Science, Mathematics, and Engineering Act - Instructs the Director of the National Science Foundation to establish and implement a merit-based competitive program for awarding a four-year Congressional Scholarship for Science, Mathematics, and Engineering to one female and one male from each U.S. congressional district. Requires the Director: (1) annually to notify secondary schools and colleges of the program; and (2) to establish nominating committees for each congressional district. Limits each scholarship to $5,000 per year, to be used solely for tuition, fees, and room and board expenses. Requires the NSF Director to ensure that both students and nominating committees are selected on a nondiscriminatory basis. Authorizes appropriations for FY 1990 through 1993.
United States · United States Congress · 9 February 1989
Postal Reorganization Act Amendments of 1989 - Declares that the receipts and disbursements of the Postal Service Fund: (1) shall not be included in the totals of the Federal budget or the congressional budget; (2) shall be exempt from Federal budget limitations on expenditures and net lending; and (3) shall be exempt from any sequestration order under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) and shall not be counted for purposes of calculating the Federal deficit.
United States · United States Congress · 9 February 1989
Anabolic Steroid Restriction Act of 1989 - Amends the Federal criminal code to provide criminal penalties for knowingly: (1) receiving, depositing, or causing to be deposited or delivered by mail any anabolic steroid or controlled substance for use in humans other than the treatment of disease pursuant to the order of a physician, except as otherwise permitted by law; and (2) using any communication facility in committing, causing, or facilitating a violation of such prohibition. Makes any property involved in a violation of this Act subject to forfeiture.
United States · United States Congress · 9 February 1989
Authorizes the Secretary of Transportation to approve projects within urbanized areas with populations of 50,000 or more for expanding the capacity of open-to-traffic routes on the Interstate Highway System, including construction of noise barriers, acquisition of right-of-ways for future construction of mass transit facilities, and acquisition of land for construction of parking lots. Sets forth a formula for apportionment of highway funds for such projects. Specifies: (1) the period of availability of funds apportioned to a State for Interstate System capacity expansion; (2) conditions that must be met in order to use lapsed funds for discretionary projects; and (3) the Federal share (80 percent) of any such expansion projects. Authorizes appropriations for FY 1993 through 1996.
United States · United States Congress · 7 February 1989
Volunteer Protection Act of 1989 - Prescribes circumstances under which volunteers working for nonprofit organizations or government entities shall be immune from personal financial liability for acts on behalf of the organization or entity. Sets forth exceptions to and conditions on the granting of such immunity that a State may impose. Requires the Secretary of Health and Human Services to increase by one percent the fiscal year allotment which would otherwise be made to a State to carry out the Social Services Block Grant Program under title XX of the Social Security Act if such State has, within two years, certified to the Secretary that it has enacted a State law which provides such immunity. Provides for the continuation of such increase based on an annual recertification.
United States · United States Congress · 6 February 1989
American Heritage Trust Act of 1989 - Title I: American Heritage Trust - Establishes the American Heritage Trust, comprised of the Land and Water Conservation Fund and the Historic Preservation Fund, to provide funding for the preservation of America's natural, historical, cultural, and outdoor recreational areas. Title II: Land and Water Conservation Fund - Amends the Land and Water Conservation Fund Act to require the Secretary of the Treasury to invest a portion of the Land and Water Conservation Fund in public debt securities. Requires that the interest from such investments be used for the preservation of the Nation's recreational areas. Requires any excess interest to be credited to the Treasury. Sets forth a formula for the allocation of such interest income to the Federal Government and the States. Sets forth specified requirements with respect to the apportionment of such income to local and State governments, Indian tribes, and Alaska Native Village Corporations. Title III: Historic Preservation Fund - Amends the National Historic Preservation Act to extend the Historic Preservation Fund through 2015. Requires the Secretary of the Treasury to invest a portion of such Fund in public debt securities. Requires that the interest from such investments be used for the preservation of historic sites. Provides for allocation of a percentage of annual appropriations for State historic preservation trust funds. Title IV: Miscellaneous Provisions - Requires the owner of any site that benefits from moneys derived from the American Heritage Trust to install a sign indicating that fact. Requires the Secretary of the Interior, within 18 months after enactment of this Act, to provide for a contest for elementary or secondary school children for the design of a symbol to represent such Trust and for use in such signs.
United States · United States Congress · 2 February 1989
Fairness in Bargaining Act of 1989 - Amends the Petroleum Marketing Practices Act to provide that, with respect to the sale, consignment, or distribution of motor fuel, the term "franchise" includes any contract between specified parties which is economically necessary to the operation of the franchise. Provides that the termination or non-renewal of a franchise relationship, upon expiration of an underlying lease for marketing premises, is reasonable if specified conditions exist.
United States · United States Congress · 2 February 1989
Community Revitalization Tax Act of 1989 - Amends Internal Revenue Code income tax accounting rules to treat rehabilitation investment credits and low-income housing credits as credits not derived from passive activities. Revises the limitation on the general business credit to allow a maximum annual credit equal to the first $20,000 of an individual taxpayer's income tax liability plus 80 percent of any excess liability.
United States · United States Congress · 2 February 1989
Extends regards to the people of France on the occasion of the bicentennial of Bastille Day. Urges the people of the United States to observe the bicentennial on July 14, 1989. Finds that France and the United States remain committed to the principles of the Declaration of the Rights of Man and of the Citizen and the Bill of Rights.
United States · United States Congress · 31 January 1989
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 · 31 January 1989
Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses of the taxpayer, spouse, or dependent. (Under current law, such a loan must be secured by an interest in real property.)
![Official portrait of Rep. Byron, Beverly B. [D-MD-6]](https://www.congress.gov/img/member/b001220_200.jpg)