United States · United States Congress · 16 March 1989
International Financial Security Act of 1989 - Amends the Export Administration Act to state congressional findings that loans and other transfers of capital to the Soviet Union and its allies increase the ability of those countries to obtain sensitive goods and technology and to more easily divert funds to purposes inimical to U.S. interests. Declares that it is U.S. policy to use export controls to: (1) restrict the export of capital, the extension of credit, or the transfer of financial resources to destinations or persons abroad in order to promote the national security, including antiterrorism, the foreign policy interests of the United States, the advancement of emigration of Soviet Jews and other ethnic minorities, and human rights policies of the Soviet Union and other East Bloc countries; and (2) restrict the export of goods and technology where such export will likely support terrorism against U.S. citizens or benefit terrorists or countries supporting international terrorism. Authorizes the President to restrict the export or transfer of: (1) goods and technology if such export will likely support terrorism against U.S. citizens or benefit terrorists or countries supporting international terrorism; and (2) money or other financial assets to the governments of Warsaw Pact countries or countries supporting international terrorism. Provides for negotiations with other countries to obtain their cooperation with such export controls on capital, goods, and technology. Requires export license applications for the export of capital to be submitted to the Secretary of the Treasury, who shall make all determinations with respect to such application. Requires the annual report on the administration of the Export Administration Act of 1979 to include a report on actions taken to carry out export controls on capital. Amends the Federal Deposit Insurance Act to require that any notice of a change in control of an insured bank include the nationality of the person or persons making the acquisition. Sets forth criminal penalties for violation of any change in control requirement. Requires Federal banking agencies to disapprove any proposed acquisition which would result in the ownership or control of an insured bank by a Warsaw Pact country or a national agency or instrumentality of any such country. Requires federally-insured banks to include in reports of condition and reports to shareholders, and make available to the public, information concerning the number and amount of each untied loan made to any Warsaw Pact country.
United States · United States Congress · 15 March 1989
Research and Experimental Credit Extension and Reform Act of 1989 - Amends the Internal Revenue Code to make permanent the income tax credit for qualified research expenditures by repealing the provisions that would terminate the credit for expenses incurred or paid after 1989. Revises the method for computing: (1) base period research expenses, adding a factor reflecting the gross national product growth rate; and (2) the tax credit, adding an alternative computation component. Applies the credit to in-house research expenses that the taxpayer pays or incurs for the principal purpose of using the research results in the active conduct of a future trade or business.
United States · United States Congress · 15 March 1989
Constitutional Amendment - Prohibits a person who has been elected to: (1) the Senate two times from being eligible for election or appointment to the Senate; and (2) the House of Representatives six times from being eligible for election to the House.
United States · United States Congress · 14 March 1989
Domestic Corporation Taxation Equality Act of 1989 - Amends the Internal Revenue Code to prohibit, with specified exceptions, the States from imposing tax on corporate taxpayers on a worldwide unitary basis, unless a taxpayer unconditionally elects to be taxed that way. Includes an express prohibition against the unitary method with respect to a domestic corporation whose average U.S. payroll, property, and sales represent less than 20 percent of its total payroll, property, and sales. Permits a State to tax dividends received by domestic corporations from their foreign affiliates only to the extent that the State excludes from the tax base of the U.S. corporation: (1) at least 85 percent of such dividends; or (2) the portion of such dividends that effectively bears no Federal income tax after application of the foreign tax credit.
United States · United States Congress · 14 March 1989
Amends the Internal Revenue Code to exclude from the gross income of an individual up to $10,000 of distributions from an individual retirement account or qualified pension plan used within 180 days to purchase a residence that will be the first residence in which the taxpayer has a present ownership interest. Reduces the excludible amount for taxpayers with adjusted gross income above $30,000 ($50,000 for joint returns). Exempts from the penalty tax on early distributions from qualified retirement plans comparable withdrawals used to purchase the first residence in which the taxpayer's child has a present ownership interest.
United States · United States Congress · 14 March 1989
Eliminates post-1968 service in the National Guard as a prerequisite to civil service retirement credit for former National Guard technicians. Amends the National Guard Technicians Act of 1968 to eliminate post-1968 service as a prerequisite for National Guard technicians for receipt of credit in the determination of length of Federal civil service for purposes of leave, Federal employees' death and disability compensation, group life and health insurance, severance pay, tenure, and status. Sets forth rules for applying provisions of this Act to affected individuals.
United States · United States Congress · 13 March 1989
Constitutional Amendment - Prohibits Federal fiscal year expenditures from exceeding: (1) Federal revenues for that fiscal year; and (2) 19 percent of the gross national product for the preceding calendar year. Authorizes the Congress to suspend these prohibitions during time of war or whenever three-fifths of the total membership of each House, by rollcall vote, provides for a specific excess of outlays over estimated revenues.
United States · United States Congress · 9 March 1989
Expresses disapproval of the refusal of the U.S.S.R. to recognize the sovereignty of the Baltic Republics. Designates June 14, 1989, as Baltic Freedom Day. Authorizes and requests the President to call upon the Soviet Union, the Federal Republic of Germany, and the Democratic Republic of Germany to renounce the acquisition or absorption of the Baltic Republics by the Soviet Union as a result of the Molotov-Ribbentrop Pact.
United States · United States Congress · 8 March 1989
Nuclear Decommissioning Reserve Fund Act of 1989 - Amends the Internal Revenue Code to: (1) decrease from 34 percent to 15 percent the rate of the tax imposed on the income of any Nuclear Decommissioning Reserve Fund; and (2) remove restrictions on permitted investments of Fund monies.
United States · United States Congress · 7 March 1989
Amends the Internal Revenue Code to eliminate the age (55 or older) and dollar ($125,000) restrictions with respect to the one-time income tax exclusion of gain on the sale of a principal residence.
United States · United States Congress · 2 March 1989
Caribbean Basin Economic Recovery Expansion Act of 1989 - Amends the Caribbean Basin Economic Recovery Act (the Act) to repeal the termination date for duty-free treatment of beneficiary countries. Amends the Harmonized Tariff Schedule of the United States to grant duty-free treatment to articles (not over $600 in value) acquired in a beneficiary country. Increases from $800 to $1200 the personal exemption from customs duties of articles acquired in the U.S. insular possessions and from other countries. Amends the Act to require the United States Trade Representative (USTR), upon request of a beneficiary country, to enter into a bilateral agreement with that country establishing guaranteed access levels for textile products assembled in such country from qualifying fabrics (fabrics formed and cut in the United States and certain fabrics of foreign manufacture which are cut in the United States). Makes such products eligible for duty-free treatment. Provides that textile products that are assembled in a beneficiary country from qualifying fabric and incorporate findings and trimmings of foreign origin are eligible for guaranteed access and duty-free treatment if such findings and trimmings do not exceed 25 percent of the cost of the components of the assembled product. Directs the Secretary of Commerce to establish an advisory committee to provide to the Secretary descriptions of those fabrics that the committee recommends to be included on the list of fabrics likely to be utilized in the manufacture of textile products in beneficiary countries which: (1) are not formed in the United States; or (2) are formed in the United States but are in critical shortage. Expresses the sense of the Congress that the USTR, when negotiating bilateral textile agreements, should seek to obtain greater fairness, transparency, and stability in the administration by foreign countries of their obligations under such agreements, especially in the allocation of export certifications between U.S. and foreign firms. Sets forth provisions concerning "general duty-free quotas" and "national duty-free quotas" with respect to specified articles imported from beneficiary countries. Provides that duty-free treatment provided under the Act shall not apply to: (1) textile and apparel articles; (2) certain leather articles; (3) canned tuna; (4) petroleum and petroleum products; and (5) watches and watch parts. Requires the President to submit a specified report to the Congress every three years. Amends the Harmonized Tariff Schedule of the United States with respect to the allocation of quotas on sugars imported from beneficiary countries. Prohibits the USTR, in allocating any limitation on such imports, from: (1) reducing the percentage allocation made to the Philippines; (2) making an allocation to the Republic of South Africa; and (3) allowing the aggregate of the amounts of the base quota allocations to Caribbean Basin Initiative (CBI) countries for any quota year beginning after December 31, 1988, to be less than 371,449 metric tons, raw value. Requires any allocation for any quota of imported sugar from specified foreign countries for any year to be reallocated on a pro-rata basis among the CBI countries receiving allocations for that year if such allocation is suspended or terminated due to a threat to U.S. national security or foreign policy. Authorizes the President to enter into trade agreements with foreign governments for the purpose of granting compensation if the United States takes specified action inconsistent with its international obligations (including the General Agreement on Tariffs and Trade). Amends the Tariff Act of 1930 to require the International Trade Commission, when making determinations as to material injury with respect to antidumping and countervailing duty cases, to assess cumulatively the volume and effect of imports from a country designated as a beneficiary country under the Caribbean Basin Economic Recovery Act with respect to imports of like products from beneficiary countries. Directs the Commissioner of Customs to implement a pilot preclearance program during FY 1990 and 1991 to assess the extent to which the availability of preclearance operations can assist in the development of tourism in the Caribbean Basin. Prohibits the commencement of such operations unless the Commissioner of Customs and the Commissioner of Immigration and Naturalization make a specified joint certification. Requires the Commissioner to submit to the Congress a report regarding such program.
United States · United States Congress · 2 March 1989
Caribbean Regional Development Act of 1989 - Declares it to be the policy of the United States in providing development and other economic assistance to the Caribbean to: (1) help the poor to participate in the development of their societies; (2) support development that is environmentally sustainable; (3) promote Caribbean self-reliance; (4) increase food security; (5) promote the diversification of industrial and agricultural production; (6) advance the process of regional economic integration; (7) support national programs of economic adjustment that promote the policies of this Act; (8) support employment generation while avoiding the displacement of traditional lines of small-scale production; (9) preserve and reinforce traditional Caribbean culture and social values; (10) consult with the intended beneficiaries of U.S. economic assistance; and (11) sustain the policies set forth in this Act, with adequate funding, for a minimum of ten years. Requires that priority in providing development assistance to the Caribbean shall be given to supporting indigenous Caribbean institutions (including farmers' unions, cooperatives, trade unions and other labor organizations, women's groups, and community organizations) that represent, work with, and benefit the poor. States that for purposes of determining the eligibility of any Caribbean country for development assistance, the per capita income of that country shall be deemed to be no greater than the per capita income for the Caribbean as a whole. Specifies that Economic Support Fund assistance (ESF) shall be used for assistance for those nations in the Caribbean that are experiencing a scarcity of foreign exchange. Provides that to the extent that such assistance is used to finance commodity imports, priority in the use of such assistance shall be given to the purchase of: (1) critical commodity imports by small- and medium-sized industries, farms, and cooperatives that have limited access to foreign exchange; and (2) key consumer goods in critically short supply. Provides that preference in the purchase of commodity imports purchased with ESF funds or with local currencies shall be given to commodities within the Caribbean region. Specifies that in providing assistance to the Caribbean area priority in the allocation of funds provided for development assistance and through the ESF and in the allocation of local currencies shall be given to: (1) food self-sufficiency; (2) integrated rural development; (3) community-based agro-industries; (4) financial resources for small- and medium-sized farm and manufacturing enterprises; (5) expansion of tourism; (6) regional integration; (7) upgrading technical and managerial skills; (8) enhancing the natural resource base; and (9) private sector development. Prohibits the provision of any assistance under the Foreign Assistance Act of 1961 (except for international narcotics control assistance) for: (1) any government of any country in the Caribbean that does not enforce internationally recognized worker rights; and (2) a Caribbean country if the provision of that assistance would be inconsistent with promoting respect for international recognized worker rights. Authorizes such assistance if that government is taking steps to implement laws that demonstrate significant advancement in providing internationally recognized worker rights throughout the country. Authorizes any person to file a petition with the Assistant Secretary of State for Human Rights and Humanitarian Affairs requesting that such assistance be terminated. Sets forth procedures for the Assistant Secretary to follow in making a determination of such request. Prohibits the Agency for International Development (AID) from providing any assistance, directly or indirectly, for the use of any chemical or other substance in the Caribbean if such use; (1) is not permitted under the public health laws of that nation; or (2) would not be permitted in the United States under U.S. public health laws. Specifies that in the provision of development assistance to the Caribbean, AID shall place emphasis on ensuring the active participation of Caribbean women in the development process. Requires AID to: (1) consult with Caribbean organizations that work with the poor in all stages of the design and implementation of assistance policies; and (2) monitor socioeconomic conditions in the Caribbean and the effect of economic assistance programs and policies on those conditions. Requires the Office of Technology Assessment to conduct an evaluation of and report to the Congress on the performance of AID in carrying out this Act. Requires the Administrator of AID to report annually to the Congress concerning AID's efforts to implement the provisions of this Act.
United States · United States Congress · 2 March 1989
Rural Electrification Administration Lending Assistance Improvements Act of 1989 - Amends the Rural Electrification Act of 1936 to limit after September 30, 1989, the Rural Electrification Administration's (REA) authority to guarantee loans to 70 percent for electric distribution and subtransmission facilities and telephone facilities and 80 percent for electric generation and transmission facilities. Prohibits REA guarantees of loans from any Federal lending agency after such date. Revises guaranteed loan and direct or insured loan prepayment provisions. Reduces the maximum amount of funds that a borrower may invest. Prohibits the REA from guaranteeing loans after such date to certain metropolitan area borrowers for: (1) recreation purposes; or (2) telephone service improvement if the borrower's gross revenues exceed specified amounts. Repeals the provision creating a telephone bank reserve for losses due to interest rate changes. Requires the telephone bank to retire all Treasury-held debentures by September 30, 1995. Prohibits the further issuance of such debentures. Provides for the privatization of the telephone bank.
United States · United States Congress · 1 March 1989
Amends Federal law to prohibit any State from imposing an income tax on the pension income of any individual who is not a resident or domiciliary of that State.
United States · United States Congress · 1 March 1989
Amends the Internal Revenue Code to extend through 1992 the period during which qualified mortgage bonds and mortgage credit certificates may be issued. (Under current law, authority for these programs is due to expire as of 1990.)
United States · United States Congress · 1 March 1989
Commends Ward M. Hussey and Lawrence E. Filson for their combined service to the House of Representatives. Commends the Office of the Legislative Counsel for its assistance in the drafting of legislation considered by the House.
United States · United States Congress · 28 February 1989
Authorizes Members of Congress to use the franking privilege to mail copies of any commemorative edition of the Constitution prepared under the auspices of the Commission on the Bicentennial of the United States Constitution.
United States · United States Congress · 28 February 1989
Provides for the transfer of the United States Postal Service to a private corporation. Directs the President to transmit to the Congress: (1) a comprehensive plan providing for the transfer of property subject to this Act; and (2) recommendations for legislation as necessary. Establishes the Postal Privatization Commission to carry out the functions relating to the issuance of securities to postal employees and assisting the President in transferring the Postal Service to a private corporation.
United States · United States Congress · 28 February 1989
Limits U.S. contributions to the United Nations to an amount which bears the same ratio to the total budget of the United Nations as the total population of the United States bears to the total population of all the member states of the United Nations.
United States · United States Congress · 28 February 1989
Authorizes the National Committee of American Airmen Rescued by General Mihailovich to establish a monument to General Draza Mihailovich in the District of Columbia or its environs in recognition of the role he played in saving the lives of more than 500 U.S. airmen in Yugoslavia during World War II. Directs the Secretary of the Interior to select, with the approval of the National Commission of Fine Arts and the National Capital Planning Commission, a suitable site on public grounds for such memorial. Subjects the design and any plans for the memorial to the approval of the Secretary, the National Commission of Fine Arts, and the National Capital Planning Commission. Declares that, except for specified items, neither the United States nor the District of Columbia shall bear any expense in the establishment of such memorial. Directs the Secretary to permit groundbreaking for construction of the monument only after determining that sufficient funds are available for completion of the monument. Directs that the maintenance and care of the monument shall be the responsibility of the National Committee of American Airmen Rescued by General Mihailovich.
United States · United States Congress · 27 February 1989
Expresses the sense of the Congress that the States should ratify the proposed amendment to the Constitution which provides that no law varying the compensation for the services of Members of Congress shall take effect until an election of Representatives has intervened.
United States · United States Congress · 22 February 1989
Sugar Supply Stabilization Act of 1989 - Amends the Agricultural Act of 1949 to reduce sugar support price levels beginning in 1989. Increases sugar import levels for 1990 through 1993. Directs the Secretary of Agriculture to: (1) endeavor to reduce the difference between the sugar support price and the market stabilization price by using alternative methods to determine transportation differentials and regional loan rates; and (2) report to the appropriate congressional committees.
United States · United States Congress · 22 February 1989
Health Care Savings Account Act of 1989 - Amends the Internal Revenue Code to allow employees and employers, including self-employed individuals, a 60 percent tax credit for contributions to a health care savings account for the benefit of the employee or self-employed individual. Limits total contributions to an account to the aggregate amount of hospital insurance tax paid with respect to the account beneficiary. Describes conditions that must be met by the account. Excludes from the gross income of the beneficiary any account contributions made by an employer. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization) unless the distributee engages in specified transactions in connection with it. Excludes from gross income any account distributions used to pay the eligible medical expenses of the beneficiary or qualifying spouse. Imposes a ten percent surtax on account distributions used for other than health care purposes or made before the distributee is aged 65 or older. Imposes penalty taxes in connection with: (1) excess contributions or prohibited transactions associated with an account; (2) distributions from an account that reduces a distributee's account level below a specified amount; and (3) failure to effect spousal rollover of an account upon the spouse's death. Imposes penalties for failure to make required reports concerning an account. Amends title XVIII (Medicare) of the Social Security Act to reduce the Medicare benefits of a health care savings account beneficiary by 60 percent of the maximum amount of Medicare-related expenditures that could be reasonably underwritten (by an insurance company) for the average Medicare beneficiary, given certain assumptions. Establishes special rules for individuals who cannot obtain insurance to cover their added deductible at the standard premium rates. Directs the Secretary of Health and Human Services to establish rules in connection with recalculations of deductibles when a qualifying spouse becomes eligible for Medicare. Establishes catastrophic health care expense protection for certain individuals who qualify for Medicare and have met specified contribution requirements with respect to one or more health care savings accounts. Describes conditions under which a qualifying spouse becomes eligible for this protection.
United States · United States Congress · 22 February 1989
Redesignates the legal public holidays of the Birthday of Martin Luther King, Jr., as January 15, Washington's Birthday as February 22, Memorial Day as May 30, and Columbus Day as October 12.
United States · United States Congress · 22 February 1989
Denies most-favored-nation treatment for products from India. Authorizes the President to restore such treatment if he determines, and certifies to the Congress at least 30 days prior to the time such restoration takes effect, that: (1) there are no jailed prisoners who have not been charged with a specific crime and given a fair trail; (2) internationally-recognized human rights groups are being allowed to visit such prisoners; and (3) India has taken steps to curb human rights abuses.
United States · United States Congress · 22 February 1989
Urges the President to initiate consultations with Japan to determine the desirability of negotiations for the purpose of entering into a trade agreement creating a free trade area between the United States and Japan. Specifies limitations and objectives with respect to such negotiations.
United States · United States Congress · 22 February 1989
United States Coinage Reform Act of 1989 - Requires that one dollar coins be gold colored, be at least 90 percent copper, and be fabricated in the United States from natural deposits located in the United States. Redesigns the obverse side of the dollar coin to symbolize the 500th anniversary of the discovery of the New World by Christopher Columbus. Requires the Secretary of the Treasury to place such coins into circulation within 18 months and to cease production of one dollar notes, except as required from time to time to satisfy the needs of collectors, within 18 months after the first of such coins are placed in circulation. Directs the Secretary to conduct a study and report to the Congress on the advisability of phasing out production of the one-cent and 50-cent coins and of rounding cash sales to the nearest five cents. Requires that the seigniorage from the production of such dollar coins be used to offset the reverse seigniorage resulting from the destruction of Susan B. Anthony dollar coins.
United States · United States Congress · 22 February 1989
Saving and Investment Act of 1989 - Amends the Internal Revenue Code to permit an income tax deduction in the amount of dividends paid by domestic corporations, except S corporations, regulated investment companies, real estate investment trusts, and personal holding companies. Repeals the income tax deductions currently permitted in connection with: (1) dividends received by a corporation; (2) dividends received by a corporation on the preferred stock of a public utility; and (3) dividends paid by a public utility on its preferred stock. Increases from 80 percent to 85 percent the deductible percentage of amounts received by a corporation from a qualified ten-percent owned foreign corporation.
United States · United States Congress · 9 February 1989
Current Level Enhanced Rescission Act of 1989 - Amends the Impoundment Control Act of 1974 to include in any special message the President sends to the Congress in connection with a proposed rescission of budget authority amendatory language to enable the affected programs to continue to function lawfully at the proposed new budget level. Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President, on the same day the President approves any appropriation bill, to transmit to the Senate and the House of Representatives one or more special messages proposing to rescind amounts of budget authority included in the bill. Limits: (1) the amounts subject to rescission (the proposal may not reduce a program below its previous fiscal year level); and (2) each special message to one item of budget authority. Prescribes procedures to govern the expedited treatment of such messages in the Senate and the House of Representatives. Makes any proposed rescission amount available for obligation unless both Houses of Congress agree to the bill or joint resolution accompanying the related special message within 60 days of its transmission.
United States · United States Congress · 7 February 1989
Fair Garnishment Practices Act of 1989 - Provides for the treatment of Federal pay in the same manner as non-Federal pay with respect to garnishment. Allows the imposition of fees by Government entities to defray administrative costs of garnishment.
United States · United States Congress · 7 February 1989
States the sense of the Congress that the President or the Congress should immediately abrogate the Panama Canal Treaties of 1977 and the Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal and that the Congress should repeal the Panama Canal Act of 1979.
United States · United States Congress · 6 February 1989
Truth in Government Accounting Act of 1989 - Requires the Secretary of the Treasury to prepare and make public annual consolidated financial statements for the United States based on accrual accounting procedures. Directs the Secretary to publish such statements each year on a date not later than the date the President submits the Federal budget to the Congress. Directs the Secretary to notify the public of the availability of such statements, including placing notice on all tax forms. Requires the Comptroller General to audit the consolidated financial statements each fiscal year. Requires the President to include in each budget a summary of how the use of accrual accounting procedures would affect the estimated Federal expenditures, appropriations, and receipts. Requires the Director of the Office of Management and Budget to prepare all of the budgets submitted to the President according to both accrual accounting procedures and the cash basis accounting method.
United States · United States Congress · 6 February 1989
Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to prohibit State or local governments from taxing OASDI benefits.
United States · United States Congress · 6 February 1989
Directs the Comptroller General to conduct an annual audit of the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and their branches. Requires the Comptroller General, within six months after the end of each fiscal year, to report to the Congress on the results of such audit.
United States · United States Congress · 6 February 1989
Directs the Secretary of the Treasury to conduct a full inventory of U.S. gold reserves and analyze the sufficiency of security measures for such reserves. Requires the General Accounting Office to review and transmit such inventory to the Congress. Amends the Gold Reserve Act of 1934 to require congressional authorization to sell gold bullion. Amends the Trading With the Enemy Act to repeal the President's authority to regulate transactions in gold or silver coin or bullion during the time of war. Amends the Federal Reserve Act to repeal the Secretary's authority to require the exchange of gold coins, bullion, and certificates for other U.S. currency if necessary to protect the U.S. currency system. Directs the Secretary to redeem in gold all Federal Reserve and U.S. notes. Authorizes the Secretary to issue gold certificates for redeeming such notes and gold coins in denominations by weight.
United States · United States Congress · 6 February 1989
Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act and the Internal Revenue Code to provide for the voluntary participation of a church or religious organization (to cover their employees) in the OASDI program.
United States · United States Congress · 6 February 1989
Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require that State and local taxes imposed on OASDI benefits be deposited in the Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund, as appropriate.
United States · United States Congress · 2 February 1989
Biennial Budgeting Act of 1989 - Amends the Congressional Budget Act of 1974, the Congressional Budget and Impoundment Control Act of 1974, and other Federal law to revise the Federal budget process by: (1) establishing a two-year budgeting and appropriations cycle and timetable, beginning in the 102d Congress; and (2) requiring separate consideration of authorizations, appropriations, the concurrent resolution on the budget, and the reconciliation bill or resolution. Directs each standing committee of the Congress to review the laws and programs under its jurisdiction in every odd-numbered year to determine whether they should be continued, curtailed, or eliminated and whether new legislation is necessary to comply with congressional intent. Conforms provisions governing the President's budget to the biennial framework. Directs the President to transmit to the Congress during the first 15 days of the second session any budget revisions with respect to the budget transmitted in the first session.
United States · United States Congress · 2 February 1989
Social Security Administrative Reform Act of 1989 - Title I: Establishment of the Social Security Administration - Amends title VII (Administration) of the Social Security Act to establish as an independent executive agency a Social Security Administration, headed by a Social Security Board. Provides that it shall be the duty of the Administration to administer the programs established by titles II (Old Age, Survivors and Disability Insurance) (OASDI) and XVI (Supplemental Security Income) (SSI) of the Social Security Act. Requires the Board to study and make recommendations as to the most effective methods of providing economic security through social insurance and supplemental security income, and as to legislation and matters of administrative policy. Establishes in the Administration: (1) an Executive Director; (2) a Deputy Director of Social Security; (3) a General Counsel; (4) an Inspector General; and (5) an Office of the Beneficiary Ombudsman, to be headed by a Beneficiary Ombudsman who shall represent the interests of beneficiaries under the OASDI and SSI programs within the Administration. Requires the annual report of the Board to include a description of the activities of the Beneficiary Ombudsman. Requires the Board to make annual budgetary recommendations relating to the Administration. Requires that appropriations requests by the Administration for staffing and personnel be based upon a comprehensive workforce plan as established by the Board. Provides for the apportionment of administrative costs. Requires the annual report of the Board to include a section reflecting the use of budget authority provided to the Administration. Requires that authority for automated data processing procurement and facilities construction be provided in the form of contract authority covering the total cost of such acquisitions. Makes amounts needed for the liquidation of contract authority so provided available from the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to the extent that such amounts are not needed to meet current obligations for benefit payments. Requires the Board to cause a seal of office to be made and judicial notice taken thereof. Requires the establishment of demonstration projects involving the delegation of authority from the Office of Personnel Management and the General Services Administration to the Board. Provides for the transfer to the Administration of all functions carried out by the Secretary of Health and Human Services with respect to the programs and activities to be carried out by the Administration under this Act. Abolishes the position of Commissioner of Social Security in the Department of Health and Human Services. Title II: Conforming Amendments and Rules of Construction - Requires the Secretary and the Board to report to the Congress within 120 days after the beginning of each regular session on their administration under this Act. Requires the Secretary to study and make recommendations on the most effective methods of providing economic security and on the administrative policy for the programs. Directs the Board to appoint, quadrennially, an Advisory Council on the Old-Age, Survivors, and Disability Insurance Program and an Advisory Council on Health and Supplementary Medical Insurance to review the relation of the trust funds supporting the OASDI and Medicare programs and the long-term commitments of those programs. Requires each council to submit a report to the Board for transmittal to the Congress and the Board of Trustees of each Trust Fund.
United States · United States Congress · 2 February 1989
Social Security Investment Reform Act of 1989 - Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to direct the Managing Trustees of the Federal Old-Age and Survivors Insurance Trust Fund, Federal Disability Insurance Trust Fund, and Federal Hospital Insurance Trust Fund (trust funds) to immediately invest that portion of the trust funds which is not required for current withdrawals. Prohibits the sale and redemption of trust fund assets or the expenditure of trust fund amounts for purposes other than those specified in such titles. Requires members of such trust funds' Boards of Trustees to faithfully execute their duties, but does not impose a fiduciary duty. Requires that, in consideration of the public debt limit, required investment of funds or amounts over which the Secretary of the Treasury has investment authority occur prior to the issuance of other obligations. Requires the Boards of Trustees of the trust funds to meet at least twice each year. Sets forth provisions requiring reports by the Boards of Trustees and the Managing Trustees to the Congress regarding the operation and status of the trust funds.
United States · United States Congress · 31 January 1989
National Observance Advisory Act - Establishes the President's Advisory Commission on National Observances to: (1) establish criteria for recommending to the President that a proposed national observance be approved or disapproved; (2) review proposals for national observances submitted in accordance with procedures published by the Commission; and (3) issue recommendations to the President concerning each proposal reviewed.
United States · United States Congress · 31 January 1989
Amends the Congressional Budget Act of 1974 to revise provisions relating to the congressional budget process. Makes it out of order in the House of Representatives to agree to any legislation which provides for new entitlement authority or raises revenues except by a vote of two-thirds of the Members voting, a quorum being present.
United States · United States Congress · 31 January 1989
Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses of the taxpayer, spouse, or dependent. (Under current law, such a loan must be secured by an interest in real property.)
![Official portrait of Rep. Crane, Philip M. [R-IL-8]](https://www.congress.gov/img/member/c000873_200.jpg)