United States · United States Congress · 21 July 1987
Amends the Internal Revenue Code to permit a partnership, S corporation, or personal service corporation, unless it is part of a tiered structure, to elect to have a taxable year other than the required one, but generally only if the deferral period of the taxable year elected is three months or less. (Current law requires partnerships, S corporations, and personal service corporations, in most cases, to conform their taxable years to the calendar years used by their owners.) Subjects the principals of a partnership or S corporation electing to change taxable years to additional estimated tax requirements to offset any tax deferral resulting from such election. Imposes deduction limitations on a personal service corporation that changes taxable years. Provides that an election with respect to taxable year shall be made by the partnership, S corporation, or personal service corporation and shall be binding on all partners and shareholders. Sets forth the formula for determining the additional tax requirement when a taxpayer: (1) is a partner or shareholder in at least one such entity during any applicable election years of the entity that end within the taxpayer's taxable year; and (2) has an aggregate deferred tax exceeding $200 with respect to the entity. Describes payment procedures. Requires the inclusion of specified information on returns filed by partnerships and S corporations that elect to use a non-required taxable year. Limits the tax deduction permitted to a personal service corporation for amounts paid or incurred with respect to employee-owners when such a corporation: (1) elects to have a taxable year other than the required one; and (2) fails to meet certain minimum distribution requirements regarding non-dividend amounts paid to owners.
United States · United States Congress · 20 July 1987
Retiree Benefit Protection Act of 1987 - Amends Federal bankruptcy provisions to provide a definition of retiree benefits covered by provisions relating to reorganization plans. Defines "retiree benefits" as benefits provided to retirees or their dependents (by insurance or otherwise) for medical, surgical, or hospital care; benefits provided in the event of sickness, accident, or disability; or a benefit (having no cash-value during life and not to exceed $50,000) payable in the event of death. Authorizes the allowance of administrative expenses for committees serving as the authorized representatives of retirees in a reorganization case. Amends provisions relating to the priority of expenses and claims in a bankruptcy proceeding that provide that retiree benefits will be given fifth priority to the extent that the aggregate amount represents $1,500 for each former employee entitled to such benefits. Makes technical and conforming amendments regarding collective bargaining agreements. Requires a trustee in a reorganization case to pay any retiree benefit to the extent such retiree benefit may be paid without impairing any secured claim. Sets forth the procedures a trustee must follow and the standards that must be satisfied in order for the trustee to modify or terminate retiree benefits. Provides that the bankruptcy court must approve any such modification or termination of retiree benefits. Permits the placement of retiree benefit claims in one or more separate classes in the plan of reorganization. Provides that a reorganization plan must provide for the aggregate treatment of retiree benefit claims rather than specify treatment on an individual basis. Specifies that a reorganization plan shall be approved by a class of claims for retiree benefits if approved by at least two-thirds of the number of the allowed claims of such class. Provides that in cases where claims for retiree benefits are not placed in a separate class, then for approval purposes the amount of each allowed claim for a retiree benefit in a class shall be considered to be a pro rata share of the aggregate amount of all allowed claims for retiree benefits in such class. Provides that any payments made for retiree benefits prior to confirmation of a reorganization plan shall be credited against the amount to be provided for retiree benefits under the plan. Provides that in judicial districts where a U.S. Trustee has not yet been appointed, the bankruptcy court shall perform the functions of a trustee.
United States · United States Congress · 15 July 1987
United States Secret Service Uniformed Division Salary Adjustment Act of 1987 - Amends the District of Columbia Police and Firemen's Salary Act of 1958 to increase the salary of members of the United States Secret Service Uniformed Division. Increases the following benefits for such members: service steps, premium pay, technician's pay, clothing allowances, and service longevity compensation.
United States · United States Congress · 15 July 1987
United States Park Police Salary Adjustment Act of 1987 - Amends the District of Columbia Police and Firemen's Salary Act of 1958 to increase the salary of members of the United States Park Police. Increases the following benefits for such members: service steps, premium pay, technician's pay, clothing allowances, and service longevity compensation.
United States · United States Congress · 9 July 1987
Urges the administration to continue to reject efforts by Canadian negotiators to: (1) have the U.S. cabotage trades, including the transport of energy resources, opened to Canadian vessels; and (2) eliminate the ad valorem duty on vessel repairs performed in Canadian shipyards.
United States · United States Congress · 1 July 1987
Uniform Regulatory Jurisdiction Act of 1987 - Provides that the rates and charges for natural gas transportation in a service area determined by the Federal Energy Regulatory Commission shall be regulated by the State commission in the State in which the gas is consumed if that is the election of the person transporting such gas.
United States · United States Congress · 1 July 1987
National Commission on Acquired Immune Deficiency Syndrome Act - Establishes a National Commission on Acquired Immune Deficiency Syndrome to study and make recommendations regarding: (1) national policy and priorities with respect to acquired immune deficiency syndrome (AIDS) including research, testing for the AIDS virus, confidentiality of test results, treatment and care of AIDS sufferers, prevention of the transmission of AIDS, and education about AIDS; (2) the appropriate roles of Federal, State, and local governments, and of the private sector regarding such national policy and priorities; and (3) guidelines for the coordination of AIDS activities with international organizations. Directs the Commission to hold hearings and to submit interim and final reports to the President and to the Congress. Directs the Administrator of Veterans Affairs to assist the Commission by preparing: (1) a detailed compilation and synopsis of national and international medical research on AIDS; and (2) a detailed report on activities of the Veterans Administration relevant to the duties of the Commission. Authorizes appropriations for FY 1988. Terminates the Commission 30 days after submission of its final report. Authorizes the President to extend the life of the Commission for a period not to exceed two years.
United States · United States Congress · 1 July 1987
Directs the Secretary of Health and Human Services to transfer specified monkeys used in research at the Institute for Behavioral Research in Silver Spring, Marylands, to Primarily Primates, Inc., an animal sanctuary in San Antonio, Texas.
United States · United States Congress · 1 July 1987
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. Requires the Director of the Federal Emergency Management Agency to maintain and operate the memorial.
United States · United States Congress · 26 June 1987
Amends the Federal Land Policy and Management Act of 1976 to permit other Federal agencies to use Bureau of Land Management lands for up to three years.
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
Small Business Retirement and Benefit Extension Act - Amends the Internal Revenue Code (IRC) to cease, as of 1988, the application of special rules for employee benefit plans that are top-heavy. (A top-heavy plan is one in which the value of plan benefits for specified ("key") employees exceeds 60 percent of those for all employees under the plan.) Establishes, as a component of the general business credit against income tax, a credit for the administrative costs incurred by an employer having 100 of fewer employees in maintaining a qualified employee pension plan. Limits such credit to a maximum of $3,000 ($4,500 in the case of a defined benefit plan). Reduces the amount of the credit when the average number of employees during a relevant period exceeds 50. Amends the Tax Reform Act of 1986 and the IRC to: (1) apply nondiscrimination rules for coverage and benefits to certain employee benefit plans as of 1991 (currently 1988); (2) extend from 1987 to 1989 the effective date of amendments relating to the definition of "compensation" with respect to pension, profit-sharing, and stock bonus plans; (3) render nontaxable any annuities purchased for employees by a nongovernmental tax-exempt entity; (4) repeal certain restrictions on distributions of contributions under salary reduction arrangements; (5) delay the effective date for the application of nondiscrimination requirements to tax-sheltered annuities; and (6) repeal the 15 percent tax imposed on excess distributions from qualified retirement plans. Amends the Employee Retirement Income Security Act of 1974 to provide the administrator of an employee benefit plan having fewer than 100 participants simplified reporting requirements with respect to supplying plan descriptions and annual reports to plan participants and beneficiaries. Expresses the sense of the Congress that the required Government forms currently in use with respect to qualified retirement plans are not designed so that a person with no experience in the area of employee benefits could complete them. Directs the Secretaries of the Treasury and of Labor to: (1) redesign such forms as they pertain to plans having fewer than 100 participants; and (2) report to the Congress on their actions in this regard. Amends the IRC to provide that if an employer does not operate an on-premises eating facility for employees, 50 percent of the employer's share of an off-premises meal furnished to an employee shall be treated as a de minimis fringe benefit (not includible in the employee's income) provided that: (1) the employer pays no more than one-third of the cost of the meal; (2) a maximum of one meal per working day is provided; and (3) the meal is furnished during normal business hours.
United States · United States Congress · 17 June 1987
Major Disaster Relief and Emergency Assistance Amendments of 1987 - Amends the Disaster Relief Act of 1974 to make eligible for assistance for the repair, restoration, reconstruction, and replacement of damaged facilities special purpose local governments such as levee districts, irrigation districts, and reclamation districts. Declares that the Federal share of such assistance shall not be less than 75 percent (currently, such assistance can not exceed 100 percent). Requires the President to issue rules which provide for the recognition of differences existing among urban, suburban, and rural lands to facilitate adequate removal of debris and wreckage from large lots. Declares the Federal share of assistance for debris removal to be 75 percent. Provides for temporary housing assistance for up to 18 months after the date of a major disaster. Authorizes the President to extend such period for an additional 18 months due to extraordinary circumstances. Declares the Federal share of such assistance to be 100 percent of eligible costs. Provides that temporary housing assistance may not be used for reconstruction or rehabilitation of damaged property when the cost of such assistance exceeds the cost of other applicable types of housing. Sets forth notification requirements for the President when persons apply for temporary housing assistance, including: (1) all forms of assistance available; (2) criteria that must be met to qualify for each type of assistance; (3) limitations which apply to each type of assistance; and (4) the address and telephone number of offices responsible for assisting applicants. Requires that housing assistance account for the applicant's location of and travel time to: (1) the applicant's place of business; (2) schools which family members may attend; (3) any home or place of business whose destruction or damage is the result of the major disaster which created the need for assistance; and (4) crops or livestock the applicant tends which provide 25 percent or more of the applicant's annual income. Includes in the individual and family grant program an authorization for the President to make grants to States for land use and construction projects designed to mitigate future major disaster-related loss. Authorizes a State to expend up to ten percent (currently, three percent) of any such grant for administrative expenses. Increases the limitation on such grants for families and individuals from $5,000 to $10,000. Repeals the restriction that crisis counseling be provided only through the National Institute of Mental Health. Removes the authority of the President to make grants to States for the removal of damaged timber from private lands. Provides that appeals arising from assistance decisions must be acted upon within 60 days of the receipt of such appeal. Declares that eligibility for Federal disaster assistance begins on the date: (1) of the occurrence of the disaster; or (2) on which eligible costs are incurred, whichever is earlier. Declares that disaster assistance shall not be restricted to limit assistance to a particular geographic area. Sets forth procedures for State governors to request declarations by the President that a major disaster exists. Requires such request to be based on a finding that effective response to such disaster is beyond the capabilities of the State and local governments and that Federal assistance is necessary. Describes general and essential assistance that the President may provide. Authorizes the President to contribute up to 50 percent of the cost of hazard mitigation measures. Establishes an emergency assistance program. Sets forth procedures for State governors to request the President to declare an emergency. Describes general Federal assistance under such an emergency. Limits the amount of emergency assistance to $5,000,000, which may be exceeded if the President finds it necessary. Requires the President to report to the Congress on the nature and extent of an emergency when such limitation is exceeded. Requires public and private nonprofit facilities in flood hazard areas to maintain flood insurance. Declares that major disaster and emergency assistance shall not be considered income or a resource when determining benefit levels for Federal programs. Requires the President to establish comprehensive standards to be used to assess the efficiency and effectiveness of Federal emergency and major disaster response programs administered by the Federal Emergency Management Agency. Authorizes the Federal Government to recover the cost of assistance from any person whose negligent act or omission, or whose act or omission while engaged in ultra-hazardous activity, resulted in an emergency or major disaster. Directs the President to conduct audits and investigations necessary to ensure compliance with this Act. Revises provisions relating to criminal and civil penalties. Increases from $25,000 to $50,000 the maximum amount of grants to States for improvement, maintenance, and updating of State plans. Renames the Disaster Relief Act of 1974 the Major Disaster Relief and Emergency Assistance Act.
United States · United States Congress · 17 June 1987
Amends the Small Business Act to include clothing and textile supplies among the industry categories to which the set-aside programs established under the Act apply.
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 · 11 June 1987
Amends the Internal Revenue Code to provide that the income tax exclusion from gross income for qualified scholarships shall include scholarships or fellowship grants received for travel, research, and living expenses.
United States · United States Congress · 10 June 1987
Amends the Internal Revenue Code to extend through 1992 the period during which qualified mortgage bonds may be issued. (Under current law, authority to issue these bonds expires as of 1989.)
United States · United States Congress · 10 June 1987
Colorado Ute Indian Water Rights Settlement Act of 1987 - Authorizes the Secretary of the Interior to use water from the Animas-La Plata and Dolores Projects to supply the project reserved water rights of the Ute Mountain Ute Indian Tribe and the Southern Ute Indian Tribe. Exempts water supplied to the Tribes by the Dolores and Animas-La Plata projects from the Federal reclamation laws, with certain exceptions. Authorizes the Tribes subject to approval by the Secretary, to temporarily dispose of water in accordance with the Colorado Ute Indian Water Rights Final Settlement Agreement through water use contracts with a maximum term of fifty years. Requires the Secretary to determine if such contracts are in the respective Tribe's best interest, considering the potential economic return and environmental, social, and cultural effects. Prevents the United States from being liable for any losses sustained by a Tribe under a water use contract approved by the Secretary. Provides that such authority to enter into water use contracts does not preempt Federal or State laws, interstate compacts, or international treaties pertaining to the Colorado River or its tributaries. Prohibits the use of proceeds from water use contracts for per capita payments to Tribe members. Requires the Secretary to defer the repayment of the construction costs allocable to each Tribe's municipal and industrial water allocation from the Animas-La Plata and Dolores Projects until the water is used by the Tribe or pursuant to a water use contract with the Tribe. Requires a Tribe to begin bearing the pro rata costs for an increment of water as it is first used. Requires the Secretary to defer the repayment of construction costs within the capability of the land to repay, which are allocable to each Tribe's agricultural irrigation water allocation from the Animas-La Plata and Dolores Projects. Requires a Tribe to begin bearing the pro rata costs for each increment of water as it is first used. Requires the Secretary to bear increased operation, maintenance, and replacement costs to Animas-La Plata Project water users caused by a decision of either Tribe not to take delivery of its water allocations from the Ridges Basin Pumping Plant through the Long Hollow Tunnel and the Dry Side Canal until such water is first used by a Tribe or pursuant to a water use contract with the Tribe. Requires a Tribe to begin bearing the pro rata costs of each increment of water as it is first used. Authorizes the Secretary to defer all or part of the tribal cost obligations if a Tribe demonstrates its inability to satisfy them from its use or sale of such water rights. Provides that use of water will be deemed to occur in any water year when a Tribe actually uses water or during the term of any water use contract, excluding any contract providing only a standby charge. Authorizes appropriations for the annual operation, maintenance, and replacement costs to be paid by the Secretary. Provides that the portion of the costs of the Animas-La Plata Project exceeding the irrigators' ability to repay will be repaid from the Upper Colorado River Basin Fund in 30 equal annual installments from the date the water is first available for use. Authorizes appropriations for three annual installments for the Tribal Development Fund which the Secretary will establish for each Tribe. Sets forth a schedule for payments to the Southern Ute Tribal Development Fund and the Ute Mountain Ute Tribal Development Fund. Requires the payment of interest if any portion is contributed after the period or in a smaller amount than what is specified. Requires the Secretary, in the absence of an approved tribal investment plan, to invest the money in each Tribal Development Fund, to maintain separate accounts for each Fund, and to disburse the principal and income in accordance with an economic development plan for each Tribe. Authorizes each Tribe to submit a tribal investment plan for its Tribal Development Fund which the Secretary must approve in 60 days if he finds it reasonable. Requires the Secretary, if he approves the plan, to disburse the Fund to the Tribe for investment in accordance with the plan. Authorizes the Secretary to take the steps he deems necessary to monitor compliance with the plan. Removes the United States from liability for investment and responsibility for review of the plan. Requires each Tribe to submit to the Secretary an economic development plan for all or part of its Tribal Development Fund. Requires the Secretary to approve the plan in 60 days if he finds it reasonable. Authorizes each Tribe to alter the plan with the Secretary's approval. Removes the Secretary from liability for use of the principal and income of the Fund following approval of such plan. Prohibits distribution of any part of the Funds to any member of either Tribe on a per capita basis. Authorizes the Tribes to waive and release claims related to water rights under the Colorado Ute Indian Water Rights Final Settlement Agreement. Requires performance by the Secretary of his duties and tribal payments under this Act only when the Tribes execute the waiver and release as provided in the Agreement. Requires the Secretary to comply with the administrative procedures under such Agreement in administering water rights in the Ute Mountain and Southern Ute Indian Reservations. Provides that the Bureau of Reclamation's design and construction functions for the Dolores and Animas-La Plata Projects shall be subject to the Indian Self-Determination and Education Assistance Act as if such functions were performed by the Bureau of Indian Affairs. Provides that provisions for the application of Federal reclamation laws, tribal water use contracts, and repayment of project costs will take effect when the final consent decree under the Agreement is entered by the District Courts. Requires that moneys appropriated into for Tribal Development Funds be placed in the Ute Mountain Ute and Southern Ute Tribal Development Funds but not be available for disbursement until the final consent decree is entered. Provides that if the final consent decree is not entered by December 31, 1991, the moneys will be returned to the contributors and the Funds will be terminated.
United States · United States Congress · 10 June 1987
Revises the boundaries of the Salem Maritime National Historic Site, Massachusetts. Authorizes the Secretary of the Interior to acquire lands within such boundaries. Limits the acquisition of State or local government lands to donation only.
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 · 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 · 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 · 21 May 1987
Title I: Establishment of National Postsecondary Education Trust - Parental Assistance for Tuition Investment Act of 1987 - Establishes the National Postsecondary Education Trust. Creates a Board of Trustees of the Trust, to be composed of: (1) the Secretaries of Education and the Treasury, serving ex officio; and (2) five representatives of postsecondary education institutions and five members of the general public (not more than half of whom may be from the same political party), who shall be appointed by the President, by and with the advice and consent of the Senate. Creates under the jurisdiction and control of the Board an Advance Tuition Payment Fund. Sets forth the general duties of the Board, including holding the funds of the Trust, establishing necessary policy and procedures for operating the Trust, paying money directly to postsecondary institutions, collecting necessary fees for its operation, imposing reasonable time limits on use of tuition benefits, and other related administrative matters. Directs the Secretary of the Treasury, as Managing Trustee, to invest portions of Fund moneys in interest-bearing obligations of the United States or in obligations guaranteed by the United States. Sets forth restrictions on uses of the Fund. Requires the Board to make annual reports to the Congress. Allows a purchaser to enter into an agreement with the Trust, on behalf of itself and the Federal Government, for the purchase of an advance tuition payment plan for use by a qualified beneficiary to pay a portion of the costs of tuition and fees required to attend a postsecondary education institution to which the qualified beneficiary is admitted. Sets forth required contents and design of advance tuition payment plan agreements. Directs the Trust to provide that a purchaser may purchase an advance payment tuition plan for an eligible beneficiary at any time following the beneficiary's birth. Sets forth conditions for termination of agreements and for refunds upon termination. Sets forth certain restrictions. Authorizes appropriations. Provides that at such time as the Trust is capable of self-support the annual report shall indicate no need for subsequent appropriations. Title II: Tax Treatment of Advance Tuition Payment Plans - Amends the Internal Revenue Code to allow a tax deduction in an amount equal to the amount paid in cash during the year to the National Postsecondary Education Trust pursuant to any advance tuition payment plan agreement. Allows such deduction only if: (1) the taxpayer is the qualified beneficiary under the agreement and is not the dependent of another taxpayer; or (2) the taxpayer is entitled to a deduction with respect to the qualified beneficiary under such agreement for the taxable year. Limits maximum deductible payments per beneficiary to $2,000 for any taxable year and $48,000 for all taxable years. Sets forth certain adjustable gross income limitations above which such maximum deductible amounts are to be reduced. Disallows such deduction for the taxable year in which the beneficiary dies or attains age 25 or for any year thereafter. Disallows such deduction to a taxpayer who is a dependent of another taxpayer. Disallows such deduction with respect to a beneficiary who is the spouse of the taxpayer, unless the taxpayer is entitled to an exemption for the spouse and files a joint return. Deems payments to an advance tuition payment plan agreement as payments for the preceding taxable year if they are made not later than the time prescribed by law for filing the return. Provides that the deduction for payment under advance tuition payment plan agreements is also allowable to taxpayers who do not itemize deductions. Excludes from gross income any amount paid from the National Postsecondary Education Trust to any postsecondary education institution pursuant to any advance tuition payment plan agreement. Includes in the gross income of the person to whom the amount is paid any other amount paid from the National Postsecondary Education Trust which is not described in the preceding sentence. Adds a ten percent penalty tax for such refunds from the Trust, except where the beneficiary under the agreement dies.
United States · United States Congress · 20 May 1987
Federal Employees Leave Act of 1987 - Directs the Office of Personnel Management to establish a program under which the annual leave of a Federal employee may be transferred to the annual leave of any other Federal employee if such other employee requires additional leave because of a personal emergency. Describes the requirements for receiving and using transferred leave and for donating annual leave. Requires agencies to establish procedures to ensure that a leave recipient is not permitted to use or receive transferred leave after the personal emergency ceases to exist. Provides for restoring unused transferred leave to leave donors on a prorated basis. Prohibits an employee from being coerced into donating, receiving, or using annual leave under the voluntary leave transfer program. Makes postal employees eligible to participate in such program. Authorizes the exclusion from such program of employees working under negotiated contracts and agencies for which such program would cause substantial disruption. Requires such program to terminate five years after its commencement. Requires the Office of Personnel Management to report to the President and the Congress on the program not later than six months before its termination. Authorizes the Office to establish general guidelines for agencies to conduct experimental programs to determine the desirability and feasibility of providing additional leave as a means of recognizing outstanding performance or other achievements by Federal employees. Terminates such experimental programs five years after the date of enactment of this Act. Requires the Office to report to the President and the Congress on such programs not later than six months after their termination.
United States · United States Congress · 19 May 1987
Campaign Cost Reduction and Reform Act of 1987 - Title I: Amendments to the Federal Election Campaign Act of 1971 - Amends the Federal Election Campaign Act of 1971 to define a qualifying House of Representatives candidate as one whose principal campaign committee includes in its statement of organization a declaration of the candidate's intention to abide by expenditure limitations under this Act, and to use broadcast time under the Communications Act of 1934 or to receive reduced postal rates. Includes in the definition of contribution: (1) any gift, subscription, loan, advance, or deposit of money or anything of value made by any person for the purpose of encouraging any specific individual who is not a candidate to become a candidate; and (2) with respect to a political committee, any gift, subscription, loan, advance, or deposit of money or anything of value made by such committee with respect to a clearly identified candidate. Revises the exclusion of mailing costs from authorized contributions. Provides that the term contribution does not include the value of any advertising rate reduction made available to a qualifying House candidate by a newspaper or magazine, if such reduction is made available to any qualifying candidate and such reduction is made available during the 90-day period before the election. Includes in the definition of expenditure: (1) any purchase, payment, distribution, loan, advance, deposit, or gift of money or anything of value made by any person for the purpose of encouraging any specific individual who is not a candidate to become a candidate; and (2) with respect to a political committee, any purchase, payment, distribution, loan, advance, deposit, or gift of money or anything of value made by such committee with respect to a clearly identified candidate. Prohibits a candidate for Federal office from establishing, maintaining, or controlling a political committee, other than an authorized committee of the candidate or a committee of a political party. Declares that an expenditure is not an independent expenditure if: (1) there is any arrangement, coordination, or direction with respect to the expenditure between the candidate and the person making the expenditure; (2) with respect to the election, the person making the expenditure was involved in the candidate's campaign; or (3) the person making the expenditure communicates with, advises, or counsels the candidate relating to such election. Prohibits the personal use of campaign funds after the date of enactment of this Act. Removes certain limitations regarding State-by-State spending by presidential candidates. Prohibits a candidate for the office of Representative from accepting any contribution from a multicandidate political committee which exceeds: (1) $75,000 for a primary, general, or special election; or (2) $25,000 for a runoff election. Prohibits a qualifying House candidate from making expenditures in excess of $50,000 of such candidate's personal funds for an election. Prohibits such candidate from spending in excess of $200,000 with respect to a primary or general election, or $100,000 with respect to a runoff election. Removes such limitation for all House candidates in an election if any candidate receives contributions or makes expenditures aggregating more than 50 percent of the limitation applicable to a qualifying House candidate. Establishes monetary penalties for qualifying House candidates who exceed expenditure limitations. Provides for the accountability of contributions made by intermediaries or conduits. Provides that contributions expended to encourage an individual to become a candidate shall be treated as contributions whether or not such individual becomes a candidate. Increases the amount a person can contribute to a candidate for the office of President from $1,000 to $2,500. Limits the use of separate segregated political funds affiliated with certain other organizations (such as labor unions, corporations, and trade associations) solely to the making of contributions. Requires, when independent expenditures are made for television broadcast communications, that a statement appear continuously during such broadcast showing the name of the person or committee making such expenditure. Requires any type of general public communication to include such statement. Prohibits any person from soliciting contributions by false representation as a candidate or as an agent of a candidate, a political candidate, a political committee, or a political party. Title II: Amendments to the Communications Act of 1934 and Title 39, United States Code - Amends the Communications Act of 1934 to authorize the Federal Communications Commission to revoke any station license or construction permit for willful or repeated discrimination against a candidate for Federal office in the amount, class, or period of time made available to such candidate on behalf of such candidacy. Requires broadcast stations to publish broadcast media rates which will be applicable to specified election periods. Requires such stations to give priority to legally qualified candidates in providing access to the use of such station. Exempts debates between candidates from the equal opportunity requirement. Establishes a special broadcast media rate for qualified House candidates. Provides for reduced postage rates for qualified House candidates. Title III: Effective Date and Sunset Provision - Specifies that certain provisions of this Act shall apply only during the period beginning on the date of the regularly scheduled general election of 1988 and ending on the date of the regularly scheduled general election of 1994.
United States · United States Congress · 14 May 1987
Designates the westernmost point of Guam as Point Udall in honor of Morris Udall, a Member of the House of Representatives. Directs the Secretary of the Interior to place and maintain a plaque on Federal land near such point to honor the service and accomplishments of Morris Udall. Authorizes appropriations.
United States · United States Congress · 13 May 1987
Higher Education Prepayment Tax Act of 1987 - Amends the Internal Revenue Code to provide an income tax exclusion for the value of any benefits covering tuition and related expenses and reasonable living expenses while away from home when such benefits are provided in accordance with a qualified prepaid college education contract, except for payments by an employer under such a contract. Defines eligible contracts as those between a payor and either a State or one or more institutions of higher education under which: (1) educational benefits are provided to eligible beneficiaries enrolled in certain undergraduate or vocational courses in pursuit of a degree or certificate; and (2) all payments made by the payor must be deposited into a prepaid college education trust created by a State or by one or more qualified institutions of higher education for the exclusive purpose of funding benefits under such contracts.
United States · United States Congress · 11 May 1987
Amends the Internal Revenue Code to restore, as of tax year 1987, the income tax exclusion for the value of qualified commuter transportation provided to an employee by his or her employer. (Under current law the exclusion expired after tax year 1985.)
United States · United States Congress · 7 May 1987
Amends Federal veterans' benefits provisions to direct (current law authorizes) the Administrator of Veterans Affairs to pay travel expenses of certain veterans and their eligible dependents to or from a Veterans Administration facility or other authorized place in connection with rehabilitation, counseling, or medical treatment or care. Defines those veterans entitled to such payment, including: (1) those veterans financially unable to meet such travel costs; and (2) those veterans unable to bear the cost of special transportation necessitated due to a medical disability. Limits such payments in the case of travel by a privately-owned vehicle to the cost of similar public transportation for such travel. Limits such payment to the actual cost incurred for such travel.
United States · United States Congress · 7 May 1987
Davis-Bacon Reform Act of 1987 - Amends the Davis-Bacon Act to increase from $2,000 to $250,000 the threshold amount subjecting certain contracts to such Act and requiring them to specify the minimum wages to be paid to laborers and mechanics. Directs the Secretary of Labor to establish as the prevailing wage for a class of laborers or mechanics the entire range of wages being paid to a corresponding class of such workers in the particular urban or rural subdivision of the State in which the work is to be performed. Sets out the means for determining such prevailing wage in cases when more than a single wage is being paid to corresponding classes of workers. Excludes from the computation of wages the basic hourly rates of pay for workers on local Federal projects. Establishes a separate classification for helpers of laborers or mechanics, with their prevailing wages to be determined on the basis of the corresponding class of helpers. Prohibits the division of contracts into units of $250,000 or less for purposes of avoiding wage computation under such Act. Directs the Secretary of Labor and the U.S. Comptroller General to submit to the Congress annual reports describing the effects of the Davis-Bacon Act, the Copeland Act, and this Act on local wages and on local and national economies. Amends the Copeland Act to require certain contractors or subcontractors to furnish compliance statements concerning weekly wages at the beginning, midpoint, and conclusion of the period covered by the contract, instead of every week as the wages are paid.
United States · United States Congress · 7 May 1987
Amends Internal Revenue Code provisions governing situations in which certain unearned income of a child under age 14 is taxed as if it were parental income. Excludes from the calculations of net unearned income for such income tax treatment income that: (1) is attributable to any amount a child receives in a lump sum as payment for damages received on account of personal injuries or sickness; and (2) accrues while the damage payment is in a custodial account whose uses are restricted by State law.
United States · United States Congress · 30 April 1987
General Aviation Standards Act of 1987 - Amends the Federal Aviation Act of 1958 (relating 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 general aviation manufacturer, owner, or operator of a general aviation aircraft, or a person who supports or maintains such aircraft. Establishes guidelines for uniform standards of liability of general aviation manufacturers for general aviation 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 a general aviation 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.
United States · United States Congress · 30 April 1987
Authorizes the Librarian of Congress to designate employees of the Library of Congress as police for duty with respect to the Library buildings and adjacent streets. Requires the rank structure and pay for such employees to be the same as that for the Capitol Police.
United States · United States Congress · 30 April 1987
Amends the Railroad Retirement Act of 1974 to remove specified accounts related to railroad retirement funds, taxes, and revenues from inclusion in the Federal budget totals submitted by the President or the Congress, and to exempt such accounts from any general budget limitation imposed by law on Federal expenditures and net lending (budget outlays). Amends the Railroad Unemployment Insurance Act to prohibit from inclusion in the Federal budget totals submitted by the President or the Congress certain railroad unemployment insurance accounts, taxes, and funds, and to exempt them from any general statutory budget limitations imposed upon Federal expenditures and budget outlays. Amends the Railroad Retirement Act of 1974 to direct the Railroad Retirement Board (the Board) to submit an annual budget program to the Office of Management and Budget which shall include separate statements of the Board's requested appropriations. Directs the President to include such requested amounts (without revision) in the budget transmitted to the Congress. Amends the Railroad Retirement Act of 1974 and the Railroad Unemployment Insurance Act to provide that the Board's authority to determine the number of individuals it shall employ shall not be subject to review by other Federal administrative or accounting personnel. Precludes regulations promulgated by the Board from being subject to review by other Federal administrative or accounting personnel.
United States · United States Congress · 29 April 1987
Hearing Aid Compatibility Act of 1987 - Requires that all telephones sold, rented, or otherwise distributed in the United States be hearing aid compatible, except telephones that are manufactured before the effective date of this Act or that are not required to be registered with the Federal Communications Commission.
United States · United States Congress · 28 April 1987
Truth in Solicitation and Receipt of Charitable Contributions Act of 1987 - Amends the Internal Revenue Code to impose a penalty tax on one half of the gross revenue of a public-soliciting charity to the extent that such revenue remains undistributed for charitable expenditures at the end of the first succeeding taxable year. Defers taxation of an organization until the fourth year of its existence, thus exempting from the tax any organization that exists for three years or less. Sets the rate of such tax at 15 percent of the amount of such undistributed revenue. Provides that any remaining funds still undistributed after a 90-day correction period shall be taxed at a rate of 100 percent. Establishes a criminal penalty of not more than $5,000, imprisonment for not more than one year, or both, for willful acts of an officer or employee of a charitable organization that result in the liability of such organization for taxation because of its failure to distribute revenue. Requires anyone who solicits a charitable contribution by mail to include with such a solicitation: (1) the name and principal business address of the person making the solicitation; (2) the purpose of the solicitation and the intended use of the contribution solicited; (3) the estimated portion of all contributions to be used for the charitable purpose during the 12-month period following the solicitation; and (4) the portion of all contributions used for such charitable purpose during the four complete calendar quarters immediately preceding the solicitation. Sets forth requirements relating to the presentation of such information.
United States · United States Congress · 22 April 1987
National Advanced Technician Training Act - Requires the Director of the National Science Foundation to carry out an advanced technician training program, making matching grants to two-year community and technical colleges to provide training in technical competencies in strategic fields. Requires such program to emphasize on-the-job training and recruitment of the unemployed. Requires that an inventory of available programs be accessible. Requires the Director to appoint a National Advisory Council on Advanced Technician Training to review and report to the Director and to the Congress on the effectiveness of the program, with recommendations as needed. Requires the Director to designate ten centers of excellence among such colleges to serve as clearinghouses, half for advanced technician training and half for undergraduate education in mathematics and science. Requires the Director to make at least 20 grants annually. Requires that funds under this Act be used to strengthen programs in advanced-technology occupations, for faculty development in advanced-technology fields such as laser, robotic, and computer technology, and the development of cooperative training and information networks with other schools and the private sector. Authorizes appropriations for FY 1988 through 1990.
United States · United States Congress · 9 April 1987
Expresses the sense of the House of Representatives that an adequate level of funding should be authorized for vocational education programs for FY 1988 and that funds should not be rescinded from the 1987 appropriation for basic vocational education grants.
![Official portrait of Rep. Byron, Beverly B. [D-MD-6]](https://www.congress.gov/img/member/b001220_200.jpg)