United States · United States Congress · 24 July 1990
Financial Crimes Prosecution and Recovery Act of 1990 as Reported By the Committee on the Judiciary of the House of Representatives - Title I: Enhanced Criminal Penalties - Amends Federal criminal law to establish criminal penalties (including imprisonment) for the concealment of assets from the Federal Deposit Insurance Corporation (FDIC) (acting as conservator or receiver) and the Resolution Trust Corporation (RTC) acting as conservator or receiver. Amends the Federal Deposit Insurance Act to prohibit certain felons convicted of dishonesty or breach of trust from controlling or participating in the affairs of a depository institution for a minimum ten-year period. Amends Federal criminal law to establish criminal penalties (including imprisonment) for obstructing any examination of a financial institution. Increases to 30 years (currently, 20 years) the maximum prison term for bank fraud and embezzlement. Establishes a ten-year statute of limitations for the prosecution of racketeering offenses involving financial institutions. Extends money laundering prohibitions to include funds from specified bank crimes. Directs the U.S. Sentencing Commission to promulgate guidelines for increased penalties for certain bank crime convictions in which the defendant derived more than $1,000,000 in gross receipts from the offense. Provides for restoration of forfeited property and for restitution to bank crime victims. Sets forth maximum criminal fines and minimum imprisonment terms for certain continuing financial crime enterprises (i.e., certain violations committed by at least four persons acting in concert). Title II: Protecting Assets from Wrongful Disposition - Authorizes the Attorney General to obtain a court order enjoining or restraining the alienation of disposition of property obtained as a result of a banking law violation. Amends the Federal Deposit Insurance Act to set forth attachment procedures. Amends Federal bankruptcy law to provide that the trustee shall be deemed to have assumed a debtor's commitment to a Federal depository institution regulatory agency to maintain the capital of an insured depository institution (thus precluding the trustee from rejecting such commitment as an executory contract which can be avoided as a discharge in bankruptcy). Exempts a Federal depository institution regulatory agency acting as conservator for an insured depository institution from the requirement of proving reasonable reliance upon a false writing supplied by a debtor who is an institution-affiliated party. Prohibits a discharge in bankruptcy for debts resulting from the debtor's failure to fulfill a commitment to a Federal financial institution regulatory agency to maintain the capital of an insured depository institution. Exempts a Federal depository institution regulatory agency acting as conservator for an insured depository institution from the requirement of a timely nondischargeability request (including notice and hearing) when seeking to recover a debt relating to malfeasance. Declares that for specified cases of deceitful conduct, any institution-affiliated party of an insured depository institution (or credit union) shall be deemed to have been acting in a fiduciary capacity with respect to any debt owed to a Federal banking regulatory agency (thus making such debt nondischargeable in bankruptcy). Makes it a prerequisite of a bankruptcy reorganization plan that the debtor will: (1) maintain any commitment to a Federal banking regulatory agency to maintain the capital of an insured depository institution; and (2) continue to be obligated for any debt to such agency for failure to fulfill such commitment. Makes certain debts owed by an institution-affiliated party to an insured depository institution under Federal receivership nondischargeable under a consumer debt bankruptcy plan. Amends the Federal Deposit Insurance Act to empower the FDIC (acting as conservator) to avoid fraudulent conveyances by a debtor institution-affiliated party. Prohibits an insured depository institution which does not meet minimum Federal capitalization requirements from making golden parachute payments, covered benefit payments, or certain payments in anticipation of insolvency to an institution-affiliated party without prior written Federal agency approval. Cites conditions under which insured depository institutions may make golden parachute payments and covered benefits payments with FDIC approval. Amends the Federal criminal code to revise civil and criminal forfeiture guidelines for: (1) property affecting a financial institution; and (2) fraudulent offenses involving the sale of assets held by Federal banking regulatory agencies. Amends the Federal Deposit Insurance Act to prohibit certain convicted felony debtors whose default to an insured financial institution in receivership will cause substantial loss from acquiring any asset of the institution (except with respect to repayment). Title III: Improved Procedures for Handling Banking-Related Cases - Amends Federal criminal law to authorize wiretaps for bank fraud and related offenses. Amends the Federal Deposit Insurance Act to set forth reciprocal assistance guidelines for foreign investigations by Federal banking agencies and investigations on behalf of foreign banking authorities. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to extend to ten years (currently, five years) the statute of limitations for commencing a civil action for Federal bank law violations. Amends the Federal Deposit Insurance Act and the National Credit Union Act to grant the FDIC, the RTC, and the NCUA subpoena authority. Title IV: Structural Reforms to Improve the Federal Response to Crimes Affecting Financial Institutions - Establishes within the Office of the Deputy Attorney General in the Department of Justice a Financial Institutions Fraud Unit, headed by a Special Counsel who shall report directly to the Deputy Attorney General. Terminates such Office five years after enactment of this Act. Empowers the Special Counsel to investigate and prosecute criminal activity involving the financial services industry. Directs the Attorney General to establish: (1) financial institutions fraud task forces; and (2) a senior interagency group to assist in identifying the most significant financial institution fraud cases, to allocate investigative and prosecutorial resources, and to expedite interagency coordination and prosecution of financial institutions fraud. Amends Federal criminal law to authorize the Secret Service (under the direction of the Secretary of the Treasury) to detect and arrest persons who violate banking laws with respect to financial institutions and the Resolution Trust Corporation (RTC). Title V: Reporting Requirements - Directs the Attorney General to report quarterly to the Congress regarding financial institution crimes. Requires the Director of the Administrative Office of the United States Courts to present annual statistical tables to the Congress on the business imposed on the Federal courts by the savings and loan crisis. Title VI: National Commission on Financial Institution Reform, Recovery, and Enforcement - Establishes the National Commission on Financial Institution Reform, Recovery, and Enforcement to make investigations and recommendations regarding specified aspects of the savings and loan crisis. Requires the Commission to submit a final report to the President and the Congress within one year after enactment of this Act. Terminates the Commission 30 days after the submission of such final report. Authorizes appropriations. Title VII: Authorizations - Amends the FIRREA to authorize appropriations to the Attorney General and the Federal Court System for bank crime cases.
United States · United States Congress · 24 July 1990
Nonconventional Fuels Credit Extension and Modification Act of 1990 - Amends the Internal Revenue Code to extend the credit for producing fuel from a nonconventional source to wells or facilities in service before January 1, 1993 (currently, January 1, 1991) and sold before January 1, 2001. Redefines gas produced from a tight formation to include only gas: (1) which is committed or dedicated on April 20, 1977, to interstate commerce; or (2) which is produced from a well drilled after the date of enactment of this Act.
United States · United States Congress · 13 July 1990
FHA Protection and Homeownership Preservation Act of 1990 - Amends the National Housing Act to limit the maximum amount of a Federal Housing Administration (FHA) insured mortgage principal to a property's appraised value. Sets forth periodic premium payment schedules. Limits FHA rebates on unearned premiums. Directs the Secretary of Housing and Urban Development to: (1) insure that the Mutual Mortgage Insurance Fund attains specified capital ratios; (2) conduct annual Fund audits; and (3) adjust premiums as necessary. Authorizes periodic mortgage insurance safety premiums.
United States · United States Congress · 12 July 1990
Amends the Foreign Assistance Act of 1961 to declare that the Congress recognizes that prompt U.S. assistance is necessary to alleviate the emergency in Lithuania caused by the Soviet blockade. Directs the Administrator of the Agency for International Development to: (1) furnish humanitarian assistance to Lithuania during such emergency; and (2) solicit donations of humanitarian assistance for Lithuania and cooperate with private relief agencies attempting to provide such assistance. Authorizes the Secretary of Defense to provide all necessary airlift and sealift to transport such assistance as soon as an agreement between the United States and the nations surrounding Lithuania has been concluded. Urges the President to begin negotiations with the nations surrounding Lithuania regarding the importation of critical humanitarian assistance. Authorizes appropriations.
United States · United States Congress · 12 July 1990
Support for Democracy and Human Rights in China Act of 1990 - Prohibits most-favored-nation treatment for Chinese products. Terminates such prohibition upon the President's certification to the Congress that China: (1) has ceased committing violations of internationally recognized human rights; (2) has ceased persecution of pro-democracy movement members; (3) permits unrestricted emigration; and (4) has ceased religious persecution in China and Tibet.
United States · United States Congress · 21 June 1990
Expresses the sense of the House of Representatives that the memory of Walt Disney should be honored on the 35th anniversary of his contribution to the American dream (the opening of Disneyland).
United States · United States Congress · 6 June 1990
Urges the President to instruct the Attorney General to appoint an independent counsel to investigate the involvement of Government officials in the savings and loan scandal.
United States · United States Congress · 23 May 1990
Senior Citizens' Tax Fairness Act of 1990 - Amends the Internal Revenue Code to increase the standard deduction available to spouses who have attained age 65 and the base amount of income and social security benefits they must have before being subject to a tax on such benefits. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to increase the amount of monthly income which an individual who has attained retirement age may earn in 1991 without incurring a reduction in benefits.
United States · United States Congress · 17 May 1990
Peanut Program Modernization Act of 1990 - Amends the Agricultural Adjustment Act of 1938 to repeal peanut marketing quota provisions. Amends the Agricultural Act of 1949 to replace existing peanut price support provisions with price supports as determined by the Secretary of Agriculture based upon specified factors, including production costs and domestic and foreign demand.
United States · United States Congress · 15 May 1990
Aviation Noise Abatement Policy Act of 1990 - Amends the Federal Aviation Act of 1958 to direct the Administrator of the Federal Aviation Administration (the Administrator) to consider as being in the public interest aircraft noise reduction in communities near an airport (or under an aircraft flight path associated with an airport). Directs the Administrator to: (1) transmit to the Congress a comprehensive aircraft abatement noise plan for airports in the State of Washington; (2) make periodic progress reports to the Congress regarding implementation; and (3) submit biennial reports to certain congressional committees regarding noise level reductions. Directs the Administrator to enter into an agreement with the Secretary of Defense regarding increased use by air carriers of special-use air space over the Pacific Ocean which is being used by military aircraft. Requires the Administrator to issue an environmental impact statement and hold hearings in certain cases of air route changes to altitudes of 15,000 feet or below in order to mitigate aircraft delays and congestion. Directs the Secretary of Transportation to establish advisory committees in the Department of Transportation to develop a national policy on reducing noise resulting from airport operations. Requires the Secretary to transmit such committees' recommendations to the Congress. Requires the Secretary to submit to the Congress recommendations for the reduction of the commercial fleet of Stage II aircraft.
United States · United States Congress · 15 May 1990
Prison Privatization Financing Act - Amends the Internal Revenue Code to treat bonds used to finance correctional facilities as exempt facility bonds for purposes of the limitations on private activity bonds.
United States · United States Congress · 15 May 1990
Designates the week of June 17 through June 23, 1990, as National Week to Commemorate the Victims of the Famine in Ukraine, 1932-1933. Condemns the disregard for human rights characterized by the Soviet Union during the famine and expresses sympathy for victims of the famine. Requests the President to call attention to Soviet policies that caused the famine and have suppressed Ukrainian human rights and the expression of cultural and social heritage. Recognizes the reforms underway in the Ukraine and urges the Soviet Government to: (1) move forward toward democratization and restructuring; and (2) provide a framework for the realization of the rights and aspirations of the Ukrainian people.
United States · United States Congress · 9 May 1990
SSI Independence Act for Disabled Americans - Amends title XVI (Supplemental Security Income) (SSI) of the Social Security Act to exclude from an SSI recipient's income in SSI eligibility and benefit determinations, contributions of clothing and other contributions, other than cash paid directly to the recipient, which are for the purchase of social services, vocational rehabilitation services, medical care, transportation, educational services, personal assistance or attendant care services, and certain services or equipment related to the quality and livability of his or her shelter. Excludes a trust created for an SSI recipient's benefit from such recipient's resources if such recipient does not have access to the trust's assets. Excludes funds or property placed in a trust for an SSI recipient's benefit from such recipient's income. Directs the Secretary of Health and Human Services to provide notices and pamphlets to SSI applicants and recipients informing them of the consequences various actions affecting their income and resources will have on their SSI and Medicaid (title XIX of the Social Security Act) eligibility. Deems SSI applicants who lost disability benefits under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act after their trial work period to have received SSI benefits while still eligible for OASDI disability benefits and therefore qualify for participation in the SSI work incentive program (providing Medicaid and special SSI cash benefits to disabled individuals whose earnings otherwise make them ineligible for SSI and Medicaid benefits) if they meet SSI income, resource, and disability tests. Provides that reviews to determine the continuing disability of participants in the SSI work incentive program need to be conducted no more frequently than once every 12 months. Excludes spousal income in determining a disabled and working individual's eligibility for participation in the SSI work incentive program. Precludes the attainment of age 65 from serving as a basis for the termination of Medicaid eligibility under the SSI work incentive program. Requires that State supplementary cash payments to the needy include participants in the SSI work incentive program. Excludes impairment-related work expenses from the income of an individual who is eligible for SSI and OASDI disability benefits but receives only State supplementary payments. Treats royalties from the publication of an individual's work and scholarships which have not been used for education expenses as earned income.
United States · United States Congress · 2 May 1990
Amends the Federal judicial code to add a new judicial district in California to be comprised of Orange, Riverside, and San Bernardino Counties. Provides that court for the new Western District shall be held in Santa Ana and at a site that jointly serves Riverside and San Bernardino Counties. Provides that any district judge of the Central District of California whose official duty station is in Orange, Riverside, or San Bernardino County on the day before the effective date of this Act shall be a district judge of the Western District. Directs the President to appoint, by and with the advice and consent of the Senate, a U.S. attorney and a U.S. marshal for the Western District.
United States · United States Congress · 2 May 1990
Condemns the role of the Government of Cuba in international drug trafficking. Calls on the President to condemn Cuba's role in all appropriate international fora.
United States · United States Congress · 1 May 1990
Judicial Taxation Prohibition Act - Amends the Federal judicial code to deny to inferior Federal courts jurisdiction to issue any remedy, order, writ, or other judicial decree requiring the Federal Government or any State or local government to impose any new tax or to increase any existing tax or tax rate.
United States · United States Congress · 26 April 1990
Oil and Gas Small Investor Incentive Act of 1990 - Amends the Internal Revenue Code to reduce the amount of excess intangible drilling costs for non-geothermal oil and gas properties as an item of tax preference under the alternative minimum tax. Revises the exception of oil and gas working interests to the passive activity loss rules by including taxpayers who hold any working interest in any oil or gas property through an entity which limits the taxpayer's liability with respect to such interest to a specified extent.
United States · United States Congress · 26 April 1990
Condemns the restrictions of the print and electronic media imposed by the Soviet Union on journalists attempting to cover events in Lithuania. Urges: (1) General Secretary Gorbachev to rescind restrictions on the admission of Western journalists to, and on freedom of the press in, Lithuania; and (2) President Bush to take steps to facilitate the readmission of Western journalists to Lithuania.
United States · United States Congress · 24 April 1990
Authorizes and requests the President to designate May 26, 1990, to commemorate the bicentennial of "An Act for the government of the territory of the United States, south of the river Ohio" (from which Tennessee was formed).
United States · United States Congress · 19 April 1990
Program for Greater Stability and Support (PROGRESS) for Eastern Europe Act of 1990 - Sets forth policies on the provision of trade benefits and other assistance to eligible Eastern European countries, including prohibitions on assistance to Communist party organizations and Warsaw Pact defense and security forces. Defines an eligible Eastern European country as Poland, Hungary, Czechoslovakia, and any other Eastern European country (including Yugoslavia) that is taking steps toward: (1) political pluralism; (2) economic reform and a market economy; (3) respect for human rights; and (4) building a friendly relationship with the United States. Declares that the United States, in providing such assistance, should: (1) avoid equating the amount of funds used for assistance with success; (2) encourage and facilitate technical advice on establishing free market economies; and (3) encourage cultural and educational exchanges between U.S. and Eastern European nongovernmental organizations that are committed to democracy and free market economies. States that the President should consider property rights, business regulations, the informal sector, wage and price controls, taxation, trade policy, restrictions on investment and capital flows, the size of the state sector, and the banking sector, in determining whether such assistance should be provided. Declares that the United States should encourage U.S. companies to bid on contracts to improve Eastern Europe's infrastructure and assist companies in applying for such contracts. Amends the Internal Revenue Code to include eligible Eastern European countries within the definition of a beneficiary country for purposes of permitting tax deductions for conventions held in such countries. Increases the tax exclusion for income earned in eligible Eastern European countries. Grants duty-free treatment of products of eligible Eastern European countries that are entered, or withdrawn from warehouse for consumption, in U.S. customs territory. Makes such treatment inapplicable to any country engaging in unfair trade practices against the United States. Amends the Support for East European Democracy (SEED) Act of 1989 to make eligible Eastern European countries eligible for Export-Import Bank programs. Amends the Foreign Assistance Act of 1961 to provide that Overseas Private Investment Corporation programs shall not be prohibited in eligible Eastern European countries. Amends the SEED Act of 1989 to redesignate the SEED Information Center System as the Eastern European Business Information Center System, a central clearinghouse and data resource service for U.S. and Eastern European businesses. Requires information to be made available to local enterprises in Eastern Europe seeking trade or investment with the United States through trade information centers. Authorizes appropriations. Sets forth a matching requirement for U.S. businesses receiving such funding. Authorizes the President to provide assistance to U.S. financial institutions to assist them in capitalizing branches in eligible Eastern European countries. Limits the amount of such assistance and sets forth a matching requirement. Authorizes appropriations. Requires the Director of the U.S. Information Agency to establish a Program for East European Political Education. Provides that such Program shall provide training and experience for young Eastern European leaders with the Congress, in U.S. political campaigns, and with U.S. media and businesses, by awarding Congressional Gift of Democracy Fellowships. Sets forth a matching requirement for nongovernmental organizations chosen to award such fellowships. Limits fellowships to a four-month period. Authorizes appropriations. Directs the Administrator of the Small Business Administration to develop a management training program for business people and government officials from eligible Eastern European countries. Makes Small Business Development Center Program and Senior Corps of Retired Executives funds available to carry out this program.
United States · United States Congress · 19 April 1990
Affordable Housing for Young Americans Act - Amends the Internal Revenue Code to permit penalty-free withdrawals from individual retirement plans for first-time home purchases by taxpayers, their children, or their grandchildren.
United States · United States Congress · 4 April 1990
High Speed Rail Transportation Policy and Development Act - Amends the Rail Safety and Service Improvement Act of 1982 to require the Administrator of the Federal Railroad Administration to submit to specified congressional committees a study of the commercial feasibility of constructing one or more high speed rail transportation systems in the United States. Authorizes appropriations. Directs the Administrator to establish a National High Speed Rail Transportation Policy to promote the design, construction, and operation of high speed rail transportation systems in the United States. Authorizes the Secretary of Transportation to guarantee loans made by a State or local government (including loans from a public employee pension fund) for the construction or purchase of related equipment and facilities to demonstrate the commercial and technical feasibility of high speed rail transportation technologies. Authorizes appropriations. Establishes a High Speed Rail Transportation Loan Guarantee Fund to be used to carry out such loan guarantee program.
United States · United States Congress · 4 April 1990
Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to provide that the definition of "owner or operator" (for purposes of liability) does not include: (1) a designated lending institution which acquires control of a facility pursuant to the terms of a security interest held by the person in such facility or in connection with a lease subject to Federal or State banking authorities; (2) a corporate fiduciary which operates or has legal title to a facility pursuant to the terms of an estate or trust; (3) an individual or institution that serves as an indenture trustee and acquires control of a facility as the result of default on a financing document between the trustee and the issuing entity; and (4) an individual fiduciary who has legal title to a facility for purposes of administering an estate or trust.
United States · United States Congress · 4 April 1990
Amends title XVIII (Medicare) of the Social Security Act to prohibit the implementation of sanctions against a hospital for violating Medicare emergency medical condition screening and treatment requirements until a peer review organization makes a finding as to whether such a violation has occurred.
United States · United States Congress · 4 April 1990
Medicare Physician Regulation Relief Amendments of 1990 - Amends title XVIII (Medicare) of the Social Security Act to require carriers and peer review organizations to release the medical review screen or the associated screening parameter to a physician before notifying such physician that payment for his or her service has been denied. Permits Medicare reimbursement of a patient's regular physician for services provided to such patient by another physician who occasionally covers for the regular physician. Requires Medicare carriers to provide physicians, upon request and without charge, with carrier-generated information which physicians need to submit a payment claim or respond to a carrier inquiry. Allows a medical society or other professional organization representing physicians to represent a group or class of physicians in Medicare payment determinations, reconsiderations, or appeals. Directs the Secretary of Health and Human Services to appoint, based on nominations submitted by national medical organizations representing physicians, a Practicing Physicians Advisory Council with which the Secretary must consult concerning changes in the Medicare program and proposed changes in regulations and carrier operation policies.
United States · United States Congress · 4 April 1990
Amends the Internal Revenue Code to provide that for purposes of computing the foreign tax credit, any deduction for State or local income or franchise taxes shall not be allocated or apportioned to gross income from sources outside the United States.
United States · United States Congress · 4 April 1990
Amends the Internal Revenue Code to revise the definitions of highly compensated employee and compensation for pension plan purposes. Delays requirements of employer reporting on the number of highly compensated employees under a fringe benefit plan. Requires the Secretary of the Treasury to study the burden of such reporting requirements.
United States · United States Congress · 4 April 1990
Taxflation Protection Act of 1990 - Amends the Internal Revenue Code to revise the method of rounding used in adjusting tax rates and certain other amounts for inflation.
United States · United States Congress · 4 April 1990
Urges the President to instruct the U.S. Permanent Representative to the United Nations to bring before the Security Council, and other U.S. representatives to bring before other appropriate international organizations, the matter of Soviet aggression against the Republic of Lithuania in an effort to induce the Soviet Union to cease its occupation of Lithuania.
United States · United States Congress · 4 April 1990
Commends the Runnin' Rebels of the University of Nevada at Las Vegas for winning the 1990 National Collegiate Athletic Association Men's Basketball Championship.
United States · United States Congress · 3 April 1990
Amends rule XI of the Rules of the House of Representatives to require that each committee report accompanying a public bill or joint resolution contain a statement setting forth the estimated cost incurred by each taxpayer in carrying out the measure for the first three fiscal years of its enactment.
United States · United States Congress · 29 March 1990
Requires the Attorney General to recruit 1,000 additional border patrol agents for the Immigration and Naturalization Service from eligible military personnel discharged involuntarily under honorable conditions after October 1, 1989.
United States · United States Congress · 22 March 1990
World War II 50th Anniversary Commemorative Coin Act - Expresses the sense of the Congress that the United States should recognize the 50th anniversary of World War II by minting and issuing commemorative coins. Directs the Secretary of the Treasury to issue and mint such coins in five dollar, one dollar, and half dollar denominations. Mandates that surcharges received from the sale of such coins be deposited in a coinage profit fund and allocated, upon separate congressional authorization, to the American Battle Monuments Commission to establish a World War II memorial. Directs the Secretary to report semiannually to the Congress regarding implementation of this Act.
![Official portrait of Rep. Cox, Christopher [R-CA-48]](https://www.congress.gov/img/member/c000830_200.jpg)