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Official portrait of Rep. Coyne, James K. [R-PA-8]

Rep. Coyne, James K. [R-PA-8]

United States · Official source

Records

390 records where Rep. Coyne, James K. [R-PA-8] is listed as a sponsor, author, or other actor. Search with topics and years

Resolution· HRESH.Res. 634 (97th)referred

A resolution expressing the sense of the House of Representatives with respect to the disposition of oil company overcharges and other amounts collected by the Department of Energy in connection with violations of the Emergency Petroleum Allocation Act of 1973.

United States · United States Congress · 20 December 1982

Expresses the sense of the House of Representatives that funds which have been collected for violations of the regulations under the Emergency Petroleum Allocation Act of 1973 and which cannot be refunded because the injured parties cannot be readily identified should be distributed to the States to be used by the States for energy related programs.

Bill· HRH.R. 7012 (97th)referred

A bill to amend Chapter 1 of the Foreign Assistance Act of 1961 to provide that no less than 50 percent of the funds made available through this chapter shall directly benefit those living in absolute poverty.

United States · United States Congress · 18 August 1982

Amends the Foreign Assistance Act of 1961 to require that no less than 40 percent of the funds available for development assistance in FY 1983 and 50 percent of such funds available in FY 1984 be used to directly benefit those living in absolute poverty. Specifies that research expenditures shall not constitute the major part of facilities, goods, and services provided with such funds.

Law· HRH.R. 6976 (97th)enacted

Missing Children Act

United States · United States Congress · 11 August 1982

Missing Children Act - Authorizes the Attorney General to collect and exchange information which would assist in the identification of unidentified deceased individuals and the location of missing persons, including missing children.

Resolution· HRESH.Res. 532 (97th)open

A resolution to preserve and restore the first Town Hall of the City of Washington, DC, the historic Rhodes Tavern.

United States · United States Congress · 22 July 1982

Expresses the concern of the House of Representatives in the preservation and restoration of Rhodes Tavern in Washington, D.C. Encourages preservation and restoration efforts by the National Trust for Historic Preservation, the National Capitol Planning Commission, the Commission of Fine Arts, the mayor and city council, and other interested organizations.

Bill· HRH.R. 6781 (97th)open

Residential Mortgage Investment Act of 1982

United States · United States Congress · 15 July 1982

Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments. Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act. Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.

Bill· HRH.R. 6769 (97th)referred

A bill authorizing additional appropriations for job training programs in States suffering high unemployment.

United States · United States Congress · 15 July 1982

Authorizes appropriations for each fiscal year after FY 1982, in an amount equal to the total amount of countervailing duties collected pursuant to specified provisions of the Trade Act of 1930 during the immediately preceding fiscal year, to carry out job training programs funded through the Department of Labor in States which had an average unemployment rate during such preceding fiscal year of nine and one-half percent or more. Provides that such appropriations shall be in addition to any other moneys available during that year for carrying out job training programs funded through the Department.

Bill· HRH.R. 6717 (97th)open

A bill to amend chapter 227 of title 18, United States Code, to provide for a sentence of guilty but mentally ill.

United States · United States Congress · 24 June 1982

Amends the Federal criminal code to authorize a verdict of "guilty but mentally ill" even if such illness would not constitute legal insanity. Permits the court to impose on a defendant found guilty but mentally ill any sentence which the court can impose on a defendant convicted of such offense. Allows treatment of the defendant for mental illness during the term of sentence.

Bill· HRH.R. 6716 (97th)open

A bill to modify the Insanity Defense in the Federal Courts.

United States · United States Congress · 24 June 1982

Amends the Federal criminal code to authorize a verdict of "guilty but insane" for any criminal defendant who raises the issue of insanity by notice as provided by Rule 12 of the Federal Rules of Criminal Procedure. Provides that a defendant is "guilty but insane" if his actions constitute all necessary elements of the offense charged other than the requisite state of mind. Provides that if the dependant is found "guilty but insane" the court may commit the defendant to serve all or a portion of a sentence in a suitable facility for treatment of his mental condition. Requires the defendant to serve the remaining portion of his sentence upon release from the mental facility.

Bill· HRH.R. 6718 (97th)open

A bill to amend title 18 to limit the insanity defense and to establish a verdict of guilty but insane.

United States · United States Congress · 24 June 1982

Amends the Federal criminal code to authorize a new plea of "guilty but insane" for any criminal defendant whose actions constitute all necessary elements of the offense charged but who lacks the requisite state of mind as a result of mental disease or defect. Adopts the current notice provisions for a defense of insanity for the new plea of "guilty but insane". Transfers the burden of proof to the defendant. Permits the jury or the court in a non-jury trial to find a defendant guilty but insane. Requires the court in any such case to hold a hearing to determine the present mental condition of the convicted person. Directs the court to commit such person to the custody of the Attorney General upon a finding by a preponderance of the evidence that the person is presently suffering from a mental disease or defect as a result of which release would create a substantial danger to himself or to the person or property of another. Directs the Attorney General to release such person to a State which will assume responsibility for his custody and treatment or otherwise to hospitalize such person in a suitable facility. Requires the court to hold a hearing upon the certification by the director of the facility that such person's release will no longer create a substantial danger to himself or the person or property of another. Directs the court to order the discharge of a person who is found to have recovered. Provides for the hospitalization of persons found guilty, imprisoned persons, and persons due for release, who are found to suffer from mental disease or defect.

Bill· HJRESH.J.Res. 521 (97th)referred

A joint resolution calling for a mutual and verifiable freeze on and reductions in nuclear weapons and for approval of the SALT II agreement.

United States · United States Congress · 23 June 1982

States that the United States and the Soviet Union should begin the strategic arms reduction talks (START), which should have the following objectives: (1) pursuing a complete halt to the nuclear arms race; (2) deciding when and how to achieve and pursue a mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles, and other delivery systems; (3) giving special attention to destabilizing weapons; (4) preserving present limitations and controls on current nuclear weapons and delivery systems; and (5) incorporating ongoing negotiations in Geneva on land-based intermediate-range nuclear missiles into the START negotiations. Declares that the United States shall try to reach a common position with the North Atlantic Treaty Organization allies on any agreement that would be inconsistent with existing U.S. commitments to those allies. Declares that the United States shall promptly approve the SALT II agreement if adequate verification capabilities are maintained.

Bill· HRH.R. 6654 (97th)open

A bill to amend the Internal Revenue Code of 1954 to allow the Secretary of the Treasury to waive the interest penalty for failure to pay estimated income tax, for elderly and retired persons, in certain situations.

United States · United States Congress · 22 June 1982

Amends the Internal Revenue Code to authorize the Secretary of the Treasury to prescribe regulations exempting retirees or individuals over age 65 from interest penalties with respect to any underpayment of estimated tax. Requires that such underpayment be due to reasonable cause (defined to include mistake or ignorance of the law) and not to willful neglect.

Bill· HRH.R. 6591 (97th)open

Federal Capital Investment Budget Act of 1982

United States · United States Congress · 15 June 1982

Federal Capital Investment Budget Act of 1982 - Amends the Budget and Accounting Act, 1921 to require the President to include with each Budget submitted on or after January 1, 1983, a special analysis, for the ensuing fiscal year which shall identify and summarize for each function, category, agency, and program of appropriation and expenditure in the Budget the amount of appropriations and expenditures which may be classified as public infrastructure investments. Sets forth other information to be included in such analysis. Requires the President also to include with each Budget, on or after January 1, 1984, a capital investment budget which shall identify by State the amount of appropriations and expenditures classifiable as public infrastructure investments. Declares that any appropriation or expenditure shall be classified as a public infrastructure investment to the extent that it will be used for the construction, rehabilitation, or repair of any civilian public facility in the United States. Amends the Public Works and Economic Development Act of 1965 to require the Economic Development Administration to prepare an inventory of civilian public facilities in the United States and an assessment of their physical condition. Requires the Secretary to make a report of such inventory and assessment to Congress not later than January 1, 1984, and to update such report annually.

Bill· HJRESH.J.Res. 499 (97th)referred

A joint resolution to amend the Social Security Act to restore the treatment of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund and the Federal Hospital Insurance Trust Fund, in relation to the budget of the United States, to the treatment of such Trust Funds before their inclusion in the unified budget of the United States.

United States · United States Congress · 7 June 1982

Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to prohibit the inclusion of the disbursements from the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund and of the receipts from the old age, survivors and disability insurance taxes and the hospital insurance taxes on self-employment income, employees, and employers in the totals of the Federal budget. Exempts such disbursements and receipts from any general statutory limitation on Federal budget outlays.

Bill· HRH.R. 6505 (97th)referred

Fair Trade in Steel Act of 1982

United States · United States Congress · 27 May 1982

Fair Trade in Steel Act of 1982 - Declares that it is congressional policy to allow access to the U.S. market for foreign-produced steel on an equitable basis in order to safeguard the national security, insure orderly trade, and alleviate U.S. balance-of-payments problems. Title I: Steel Tripartite Advisory Council - Directs the President to establish within the Executive Office of the President a Steel Tripartite Advisory Council. Requires the Council to advise the President and Congress on problems within the basic steel industry and to provide advice and recommendations on related domestic and international issues. Requires other Federal agencies to provide the Council with economic information upon request. Directs the Council to report to the President on the condition of the steel industry. Title II: Quantitative Restrictions on Imports of Certain Steel Products - Limits to 5,000,000 tons the amount of articles in all steel product categories that may be imported between July 1, 1982, and January 1, 1983. Imposes a further limitation on such imports if unemployment in the domestic steel industry reaches between ten percent and 15 percent for three consecutive months. Prohibits any steel imports if unemployment in the domestic industry for three consecutive months is over 15 percent. Limits the amount of steel imports in each calendar year after 1982 to 10,000,000 tons. Imposes further limitations on imports depending upon the level of unemployment in the domestic industry. Imposes additional limitations on imports during any year after 1982 of articles in any one steel product category. Imposes a per country limitation on imports during such years of articles: (1) in all steel product categories; and (2) within any one steel product category. Directs the Secretary of Commerce to apportion shares of the U.S. market to foreign countries on the basis of information provided by the Secretary of the Treasury. Declares that it is the goal of this title to ensure that the imports of articles in all steel product categories be equalized on a monthly basis throughout each calendar year. Directs the Secretary of Commerce to impose additional limitations on the imports from a country whose exports to the United States exceed a specified limit. Authorizes the President to reduce such restrictions imposed under this title if the President makes a specified determination and the Congress, after notification by the President, does not adopt a concurrent resolution disapproving such reduction. Title III: Quantitative Restrictions on Iron Ore Imports - Limits the amount of iron ore that may be imported: (1) between July 1, 1982, and December 31, 1982, to 7,000,000 tons; (2) during 1983 to 14,000,000 tons; and (3) during 1984 to 14,000,000 tons, unless the Secretary finds that there has been an increase in employment in the domestic iron ore industry. Provides for a ten percent increase in imports in 1984 for each ten percent increase in employment. Authorizes the Secretary to waive the restrictions on imports of iron ore in order to insure continued operation of domestic steelmaking plants. Requires that such waiver be made on a plant-by-plant basis and only if the Secretary makes a specified determination.

Resolution· HRESH.Res. 485 (97th)referred

A resolution to assure Israel's security, to oppose advance arms sales to Jordan, and to further peace in the Middle East.

United States · United States Congress · 27 May 1982

Expresses the sense of the House of Representatives that the United States: (1) should not sell advanced weapons to Jordan; (2) should ensure that Israel retains its qualitative military edge in the Middle East; and (3) should focus its efforts on bringing Jordan into direct peace negotiations with Israel.

Bill· HRH.R. 6492 (97th)referred

Handicapped Infants Protection Act of 1982

United States · United States Congress · 26 May 1982

Handicapped Infants Protection Act of 1982 - Amends the Child Abuse Prevention and Treatment Act to require the National Center on Child Abuse and Neglect to conduct a study of child abuse or neglect in federally assisted or operated health care facilities. Directs the Secretary of Health and Human Services to: (1) report the results of this study to the Congress within three months; and (2) give priority to information about adoption and foster care of handicapped infants. Prohibits doctors or other health care facility personnel from withholding nutrition or medical treatment from a handicapped infant. Provides a private right of action for violations of this Act. States that any punitive damage awards shall be used for the benefit of the infant involved in the suit, or if deceased, for research and treatment of handicapped infants. Directs the Center to establish and disseminate violations reporting procedures. Provides civil and criminal immunity and job protection for persons reporting such violations. Requires health care facilities to provide parents or guardians of handicapped infants with information about agency assistance for these infants.

Bill· HRH.R. 6479 (97th)referred

Federal Election Campaign Act Amendments of 1983

United States · United States Congress · 25 May 1982

Federal Election Campaign Act Amendments of 1983 - Amends the Federal Election Campaign Act of 1971 to include in the definition of "contribution" donations made to draft clearly identified individuals to become candidates for Federal office. Exempts from the definition of contributions any donations to political parties or committees designated to defray establishment, administration, or solicitation costs of the Committee. Requires that these donations be reported on a semiannual basis. Extends to the national committee of a political party certain exemptions that are given to State committees. Requires that reports filed under this Act be filed only with the Federal Election Commission (Commission). States that a principal campaign committee terminates automatically three years after the date of the last election (except in the case of a presidential candidate eligible for payments from tax deductible contributions to the Presidential Election Campaign Fund). Eliminates the Clerk of the House and the Secretary of the Senate as ex-officio members of the Commission. Allows a political committee of a party to utilize the expedited procedure for advisory opinion requests during the 60-day period before an election. Requires the Commission to establish time limits for investigations. Revises the investigatory procedures of the Commission. Deletes the requirement that the Court of Appeals sit en banc when hearing cases involving the constitutionality of the Act. Requires the Commission to make available to the public reports and statements filed with it, following regularly scheduled elections. Requires committees other than authorized committees to file in the State in which they are headquartered. Increases the contribution limitations for certain offices. Permits a separate segregated fund to solicit contributions from another separate segregated fund. Amends the definition for "stockholder" for purposes of the Federal Election Campaign Act. Permits political committees of political parties to engage in bona fide commercial transactions in order to defray establishment, administration, and solicitation costs. Repeals authority for the voting system study. Amends the Internal Revenue Code to provide the opportunity for a presidential general election candidate to request a hearing before the Commission if a demand for repayment of funds is made available.

Bill· HRH.R. 6465 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income gain from sales of real property to certain organizations for use for conservation purposes, and for other purposes.

United States · United States Congress · 21 May 1982

Amends the Internal Revenue Code to exclude from gross income gain from the sale of real property to certain organizations for use for conservation purposes. Requires that such sale be on the installment method and that such conservation purpose be protected in perpetuity. Disallows such exclusion in the case of involuntary conversions. Allows an extension of time for payment of estate taxes in the case of acquisitions from a decedent's estate of real property by qualified organizations used for conservation purposes. Limits such extension to ten years after the decedent's death.

Resolution· HRESH.Res. 466 (97th)referred

A resolution expressing the sense of the House of Representatives that social security benefits to be provided in fiscal year 1983 should not be reduced and that removal of the receipts and disbursements of the social security trust funds from the unified budget should be actively considered by the House of Representatives.

United States · United States Congress · 13 May 1982

Expresses the sense of the House of Representatives that: (1) the House should not consider legislation which would reduce benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to be paid in FY 1983; and (2) the House should actively consider legislation to remove the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund from the totals of the Federal budget.

Resolution· HCONRESH.Con.Res. 342 (97th)referred

A concurrent resolution expressing the sense of Congress with respect to ongoing investigations of foreign trade practices involving steel mill products.

United States · United States Congress · 12 May 1982

Expresses the sense of the Congress that: (1) the President should direct the appropriate agencies to pursue vigorously and conclude promptly the countervailing duty and antidumping investigations being conducted under the Tariff Act of 1930 and the Trade Act of 1974 concerning foreign trade practices involving carbon steel mill products and specialty steel mill products; and (2) the Congress should consider legislation to strengthen U.S. trade laws if necessary.

Bill· HRH.R. 6311 (97th)open

Independent Contractor Tax Classification and Compliance Act of 1982

United States · United States Congress · 6 May 1982

Independent Contractor Tax Classification and Compliance Act of 1982 - Amends the Internal Revenue Code to specify standards for determining whether certain individuals qualify as independent contractors for purposes of the tax on employment income. Treats an individual as an independent contractor if such individual: (1) controls the total number and scheduling of his work hours; (2) has no principal place of business provided rent-free by the service-recipient; (3) has substantial investment in his business (excluding vehicles) and earns income based upon sales or output rather than upon number of hours worked; and (4) performs services under a written contract and is provided written notice of his responsibilities with respect to income and self-employment taxes. Provides that the criteria established by this Act shall not be applicable to agent-drivers, commission-drivers, full-time life insurance salesmen, home workers, and traveling or city salesmen who are statutorily designated as employees for purposes of social security taxation. Sets forth special rules for: (1) contracts entered into before January 1, 1983; and (2) determining control of scheduling work hours. Provides that the failure of an individual claiming independent contractor status to meet the criteria established by this Act shall not create an inference that such an individual is an employee or that the recipient of his service is an employer. Limits the applicability of the criteria established by this Act to questions of employment status arising under the Federal Insurance Contributions Act, the Federal Unemployment Tax Act, self-employment tax provisions, and withholding requirements under the Internal Revenue Code. Requires a recipient of an independent contractor's services to file an information return disclosing payments made to such individual in excess of $600 per year. Requires persons who sell over $5,000 in consumer products to buyers on a buy-sell, deposit-commission, or similar basis to file a similar return. Permits an election to file such returns in certain circumstances. Requires individuals who file such information returns to furnish to persons with respect to whom such information is reported written statements which indicate the amount of payment reported. Provides penalties for failure to furnish information returns or statements. Requires the payment of a surcharge for multiple violations. Requires the withholding of tax on certain persons where the identifying number is incorrect or missing on any return filed by a service-recipient. Sets forth effective dates and transitional rules for provisions of this Act.

Bill· HRH.R. 6325 (97th)referred

Housing and Automobile Industries Recovery Act of 1982

United States · United States Congress · 6 May 1982

Housing and Automobile Industries Recovery Act of 1982 - Title I: Exemption for the Purchase of Certain Bonds by Employee Pension Benefit Plans - Provides a temporary exemption from certain provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code relating to prohibited transactions for the purchase of certain bonds sold to fund residential mortgages and domestic motor vehicle loans. Title II: Interest Reduction Payments - Provides for interest reduction payments by the Secretary of Housing and Urban Development to assist with the financing of the purchase of certain residences and domestic motor vehicles. Sets forth: (1) requirements and restrictions for eligible loans and mortgages; and (2) guidelines for the allocation of such payments. Authorizes appropriations for FY 1982 through 1988 to carry out this title. Prohibits the Secretary from making any commitments to make interest reduction payments under this title after August 31, 1983.

Resolution· HCONRESH.Con.Res. 330 (97th)passed

A concurrent resolution expressing the sense of the Congress with respect to the Soviet Union's obligations under international law to allow Ida Nudel to emigrate to Israel, and for other purposes.

United States · United States Congress · 5 May 1982

Expresses the sense of Congress that the President should: (1) urge the Soviet Union to allow Ida Nudel to emigrate; and (2) inform the Soviet Union that the United States will consider the extent to which countries honor their commitments under international law when evaluating U.S. relations with other countries.

Bill· HRH.R. 6239 (97th)open

A bill to amend the Tariff Schedules of the United States to provide for rates of duty on imported roses consistent with those maintained by the European Economic Community on imports of roses from the United States and other nations.

United States · United States Congress · 29 April 1982

Amends the Tariff Schedules of the United States to increase the tariff on imported roses. (Makes the U.S. tariff consistent with the tariff imposed by the European Economic Community.)

Bill· HRH.R. 6231 (97th)referred

A bill to amend title 10 of the United States Code to allow the appointment of cadets and midshipmen at the United States Military, Naval, and Air Force Academies to succeed certain cadets and midshipmen discharged or graduated from such Academies and certain cadets and midshipmen not graduating from such Academies with the class of cadets or midshipmen admitted with such cadets or midshipmen.

United States · United States Congress · 29 April 1982

Permits the President to appoint successors to cadets at the U.S. Military, Naval, and Air Force Academies who have been discharged, graduated, or whose class has graduated without them.

Bill· HRH.R. 6225 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the establishment of and the deduction of contributions to, education savings accounts.

United States · United States Congress · 29 April 1982

Amends the Internal Revenue Code to allow an income tax deduction from gross income for contributions of cash, stocks, bonds, or other securities to a savings account for the purpose of paying the educational expenses of the taxpayer's children or grandchildren who have not attained the age of 21 before the close of the calendar year for which the contribution is made. Limits such deduction to $1,000 per calendar year adjusted for inflation. Prohibits the establishment of an account for the benefit of more than one individual. Prohibits an individual from being a beneficiary of more than one account. Excludes distributions from such an account from the gross income of the taxpayer so long as such distributions are used to pay the beneficiary's tuition, fees, books, supplies, and reasonable living expenses at an institution of higher education or a vocational school. Specifies sanctions for the use of account funds for other than such educational purposes. Provides that distributions used for the educational expenses of the beneficiary shall not be included in the gross income of the beneficiary.

Law· HRH.R. 6170 (97th)enacted

National Driver Register Act of 1982

United States · United States Congress · 27 April 1982

Directs the Secretary of Transportation to make grants to States which adopt and implement programs to reduce traffic safety problems resulting from persons driving while under the influence of alcohol. Limits the receipt of such grants to three fiscal years and sets forth the Federal share payable for each successive year. Requires the Secretary to establish criteria for the grants based on areas of consideration provided under this Act. Authorizes appropriations from the Highway Trust Fund for fiscal years 1983 through 1985. Directs the Secretary to issue regulations to implement such traffic safety programs after a period for public comment. Sets the effective date of such regulations, unless they are disapproved by either House of Congress.

Bill· HRH.R. 6126 (97th)referred

Full Employment Act of 1982

United States · United States Congress · 20 April 1982

Full Employment Act of 1982 - Title I: Acceleration in Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to provide that the individual income tax rate reductions for 1982 enacted by the Economic Recovery Tax Act of 1981 shall take effect three months sooner than scheduled. Title II: Equity Energy Reserve - Authorizes appropriations from the Energy Security Reserve for housing assistance. Provides for the establishment of the "Energy Equity Reserve" to hold and distribute such funds. Title III: Trade and Investment Equity - Amends the Trade Act of 1974 to include restrictions on direct investments by U.S. citizens or nationals among the discriminatory foreign trade practices that trigger a U.S. response. Requires U.S. action if the President determines such action is appropriate to respond to a foreign trade practice that denies the United States commercial opportunities substantially equivalent to those offered by the United States. Authorizes the President, upon making such a determination, to: (1) change Government procurement policies to provide for procurement from nations that provide substantially equivalent commercial opportunities to comparable U.S. producers; or (2) propose legislation that would impose equivalent restrictions within the United States on countries that do not provide such opportunities. Authorizes the President to negotiate agreements to eliminate discriminatory barriers on foreign direct investment by U.S. citizens or nationals. Imposes specified conditions and limitations on Presidential action to enforce U.S. rights under trade agreements and to respond to foreign trade practices. Authorizes the President to take action: (1) on a nondiscriminatory basis or solely against the products, services, or investment of the foreign entity involved; and (2) against products, services, or investments other than those involved in the investigation. Directs the President to take into account: (1) U.S. trade agreement obligations; and (2) the impact of the action taken on the U.S. economy. Directs the President to review at least biennially each such trade action. Directs the President to rescind an enforcement action within 30 days after: (1) the offending practice is eliminated; or (2) it is determined that continuing the action is not in the national interest. Authorizes the House Ways and Means Committee or the Senate Finance Committee to file a resolution with the U.S. Trade Representative (USTR) requesting the President to take action to enforce U.S. trade rights or to respond to discriminatory trade practices. Directs the USTR to recommend possible Presidential actions concerning specified trade agreements within one year of the start of the dispute settlement procedure. (Current law requires such recommendations within 30 days of the end of the dispute settlement procedure.) Requires the USTR to consult with the U.S. International Trade Commission on the probable impact on the U.S. economy of taking action with respect to such product, service, or direct investment. Authorizes the President to negotiate international agreements on restrictions on foreign direct investment. Directs the President to take such action as may be necessary to extend the General Agreement on Tariffs and Trade to cover trade in services and direct investment. Directs the USTR to report biennially to the Senate Finance Committee and the House Ways and Means Committee on the principle trade barriers of any major trading country.