United States · United States Congress · 29 January 1987
Amends the Internal Revenue Code to permit qualified pension and annuity plans to make distributions to participants for purposes of acquiring, constructing, or rehabilitating a dwelling unit if: (1) within a reasonable period of time such dwelling unit is to be used as the principal residence of the participant; and (2) such participant has not previously received a distribution for such purposes.
United States · United States Congress · 29 January 1987
Declares that the Congress: (1) protests continued Soviet violations of international human rights, especially its restrictive emigration regulations; (2) states that such human rights abuses seriously affect negotiations between the United States and the Soviet Union; (3) calls upon the Soviet authorities to release all "Prisoners of Conscience" and permit all "refuseniks" and other specified people to emigrate; and (4) dedicates itself to support, as a priority during the 100th Congress, the restoration of internationally recognized human rights to all Soviet citizens, especially restoration of the right to emigrate to Soviet Jews and others who have requested exit visas.
United States · United States Congress · 28 January 1987
Tax Fairness for Farmers, Ranchers, and Small Businessmen Act of 1987 - Amends the Tax Reform Act of 1986 to repeal provisions which eliminated the use of income averaging. Specifies that the Internal Revenue Code shall be applied and administered as if such provisions had not been enacted. Increases the amount of the income tax deduction for health insurance premiums paid by self-employed individuals from 25 percent of such costs to 50 percent of such costs. Repeals requirements that farmers must capitalize preproductive costs. Denies the use of cash accounting for all corporations engaged in farm product processing with annual gross receipts in excess of $100,000,000. Allows farmers the full investment tax credit carry forward. (Present law requires a 35 percent reduction in the carry forward of such credit.) Allows a one-time exclusion of any gain realized from the sale or exchange of land used in the trade or business of farming.
United States · United States Congress · 28 January 1987
National Quality Improvement Award Act of 1987 - Amends the Stevenson-Wydler Technology Innovation Act of 1980 to establish a National Quality Improvement Award to be evidenced by a medal. Directs the President or a designee to periodically make the award, on the basis of recommendations from the Secretary of Commerce, to companies and other organizations which have substantially benefited the economic or social well-being of the United States through improvements in the quality of their goods and services resulting from the effective practice of quality management. Sets forth categories in which the award may be given. Sets forth criteria for qualification for the award. Directs the Director of the National Bureau of Standards to provide information about the awards and the successful quality improvement strategies and programs of the award-winning participants to all participants and to other appropriate groups. Provides that funding for the award program shall be from gifts from public and private sources and from fees imposed upon organizations applying for the award.
United States · United States Congress · 28 January 1987
Title I: Pay-As-You-Go-Budget - Pay-As-You-Go Budget Act - Prohibits the Federal budget for a fiscal year, as proposed by the President or as adopted by the Congress in a concurrent resolution on the budget, from: (1) providing for total budget outlays exceeding the total outlays for the preceding fiscal year, unless it provides at least equal increases in revenues and identifies the source of such revenues; or (2) providing for a reduction in revenues from the preceding fiscal year, unless it provides at least equal reductions in outlays and identifies the programs or activities for which outlays will be reduced. Authorizes the Congress, by a two-thirds vote of each House, to waive such prohibition concerning the budget adopted under a concurrent resolution. Prohibits either House from considering a concurrent resolution on the budget for a fiscal year under which revenues exceed outlays, unless the purposes for which such excess revenues are to be allocated are specified. Title II: Biennial Budget - Biennial Budgeting Act of 1987 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget process by: (1) establishing a two-year budgeting cycle beginning in the 101st Congress; and (2) providing for the separate consideration of authorizations, appropriations, the concurrent resolution on the budget, and the reconciliation bill or resolution. Requires each standing committee of the Congress to review the laws and programs under its jurisdiction in every odd-numbered year to determine whether such programs should be continued, curtailed, or eliminated and whether new legislation is necessary to comply with congressional intent. Title III: Line Item Veto - Permits the President, for two years after enactment of this Act, to disapprove any item of appropriation in any Act or joint resolution, except any item for the legislative or judicial branch of the Government. Requires the President to return with his objections any disapproved item of appropriation to the House in which the bill originated. Subjects such bills to the same proceedings as other bills disapproved by the President.
United States · United States Congress · 28 January 1987
Amends the Tax Reform Act of 1986 to delay until December 31, 1988 (currently, December 31, 1986) the exception for certain technical personnel from certain rules for determining whether an individual is an employee or independent contractor for employment tax purposes.
United States · United States Congress · 27 January 1987
Amends the Tariff Schedules of the United States to suspend, through October 31, 1987, the duty on mixtures of two or more organic compounds containing one or more cross-linked sodium polyacrylate polymers.
United States · United States Congress · 27 January 1987
Congressional Pay Reform Act of 1987 - Amends the Legislative Reorganization Act of 1946 to specify that pay adjustments for Members of Congress shall become effective on March 1 following the beginning of the next Congress after the Congress during which such adjustment is approved. Amends the Federal Salary Act to require the President to transmit to the Congress, within a specified time period, recommendations for rates of pay of Members of Congress and legislative and judicial employees. (Currently such recommendations are included in the Federal budget.) Prohibits the House of Representatives and the Senate from considering any bill or joint resolution carrying an appropriation for compensation of Members of Congress for any fiscal year if such bill or joint resolution carries an appropriation, or a limitation of appropriations, for any other purpose. Requires a recorded vote on such bill or resolution.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to allow businesses an income tax deduction for self-insured losses. Limits the amount of such deduction for taxpayers maintaining a self-insurance trust to an amount equal to the value of total liability for self-insured losses per year minus the amount in the taxpayer's reserve account or self-insurance trust. Limits the amount of such deduction for taxpayers self-insuring through either an affiliated or unaffiliated insurer to an amount equal to the premium paid to the insurer. Provides that payments made with respect to self-insured losses shall be deductible only to the extent of the aggregate of the contribution made to the self-insurance trust or reserve account for the year in which the losses were incurred. Requires an annual accounting of self-insured losses whether or not a deduction is taken for that year. Includes in the gross income of the taxpayer any amount in a reserve account which exceeds any liability for self-insured losses. Defines and sets requirements for a self-insurance trust. Defines "self-insured losses" as: (1) losses, to the extent not compensated by insurance (other than insurance provided by an affiliate insurance company) or otherwise; and (2) amounts paid to insurers unrelated to the taxpayer to the extent such amounts are not otherwise deductible as insurance expenses when the insurer assumes risks of the taxpayer's business and adjusts the taxpayer's premium subsequent to payment.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to provide that governments issuing tax-exempt securities must not have an income, franchise, or other tax on corporations which includes, as part of the tax base, items of income from sources outside the United States.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to exclude from gross income any expense reimbursement allowances received by a State police officer. Limits the amount of such exclusion to a maximum of six dollars per day. Defines "expense reimbursement allowance" to mean any statutory allowance (or allowance negotiated in accordance with State law) to reimburse a State police officer for specified expenses incurred in connection with the performance of his duties (including the cost of meals purchased while on duty). Prohibits the deduction for expenses for which the taxpayer has received such allowance.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to permit the deductibility of business expenses of attending conventions in Bermuda. Requires the existence of a presidential certification to the effect that the inclusion of Bermuda is in the national security interest and that the administration and enforcement of the U.S. tax laws is not materially impeded by Bermuda's information exchange policies. Deletes the provision stating that an exchange of information agreement need not provide for the exchange of qualified confidential information which is sought for civil tax purposes if certain conditions are met.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to provide that the amount of the charitable deduction allowable for motor vehicle expenses will be determined in the same manner Federal employees determine reimbursement for business use of their vehicles.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to increase the amount of employer-paid group-term life insurance premiums which may be excluded from the gross income of employees to that amount required to purchase $150,000 of such insurance. (Previous law set a limit of the cost of $50,000 of such insurance.)
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to provide that the maximum income tax deduction for charitable contributions to private foundations shall be the same as the deduction allowed for contributions to public charities (50 percent of taxpayer adjusted gross income). Eliminates distinctions between public charities and private foundations for purposes of the tax deduction for charitable contributions. Provides an exemption from the tax on taxable expenditures of a private foundation for grants to charitable organizations not exceeding a total of $15,000 for the calendar year. Permits the abatement of excise tax penalties imposed on private foundations relating to the initial tax on self-dealing. Redefines "members of family" for purposes of identifying disqualified persons under the private foundation self-dealing rules to include only the individual's spouse, ancestors, and children and the spouse of the individual's children. Classifies expenses for the production of gross investment income or for the management of investment property as qualifying distributions for purposes of calculating the undistributed income of a private foundation. Excludes capital gain income from the computation of net investment income for purposes of computing the tax on the investment income of private foundations.
United States · United States Congress · 27 January 1987
Amends the Internal Revenue Code to exclude from gross income the gain from the sale or exchange of property if the taxpayer has owned and used such property as a principal residence for periods aggregating 11 months out of the 12 preceding months. (Current law allows such tax exclusion if the taxpayer is age 55 and has owned and used such property as a principal residence for periods aggregating three years out of the five preceding years.) Removes the requirement that the taxpayer must be at least 55 years old. Limits the exclusion to one sale or exchange during the taxable year. Deletes the limitation on the amount of gain which can be excluded.
United States · United States Congress · 22 January 1987
Expresses the sense of the Congress that: (1) no Medicare (title XVIII of the Social Security Act) physician payment methodology should be implemented which is based on hospital discharge classifications or requires mandatory assignment; and (2) no drastic change in the Medicare physician payment methodology should be undertaken without the receipt of reports required by legislation enacted in the 99th Congress and a detailed analysis of the long-range impact of such change on the provision of health care.
United States · United States Congress · 21 January 1987
Constitutional Amendment - Prohibits the Government's expenditures from exceeding its revenues in any fiscal year, except in cases of national emergency as determined by a three-fifths vote of the Congress. Prohibits total Government expenditures during a fiscal year from exceeding 20 percent of the gross national product for the preceding calendar year.
United States · United States Congress · 20 January 1987
Directs the President to convene a domestic economic summit conference concerning the economic situation created by large Federal deficits. Requires the conference to report to the Congress a comprehensive plan to reduce projected deficits.
United States · United States Congress · 8 January 1987
Authorizes the President, on behalf of the Congress, to present a gold medal to Andrew Wyeth in recognition of his contributions to American art and culture. Authorizes appropriations. Authorizes the Secretary of the Treasury to sell bronze duplicates of the medal.
United States · United States Congress · 8 January 1987
Promotion of Democracy in Ethiopia Act of 1987 - Declares U.S. policy: (1) regarding human rights and opportunities; (2) condemning the resettlement program and human rights abuses in Ethiopia; (3) calling for human and civil rights and for free elections in Ethiopia; and (4) supporting democratic resistance forces in Ethiopia. Requires such sanctions imposed by this Act against Ethiopia to terminate if the President certifies to the Congress that Ethiopia: (1) respects the human rights of its people; (2) has granted basic civil rights to its people; (3) has terminated and dismantled its resettlement program; (4) has freed all political prisoners; (5) has established a legal system that assures the participation of all its people; and (6) has held or scheduled free and fair elections. Directs the President to report to the Congress every six months on the progress Ethiopia has made in meeting such conditions. Prohibits coffee imports from Ethiopia. Prohibits any U.S. national: (1) from making a loan or extending credit to Ethiopia or to any organization owned or controlled by Ethiopia; and (2) from making any new investment in Ethiopia. Exempts from such prohibitions loans and investments made before enactment of this Act. Prohibits Ethiopia from receiving nondiscriminatory (most-favored-nation) trade treatment. Directs the Secretary of the Treasury to instruct the U.S. Executive Director to each of the relevant international financial institutions to oppose furnishing aid to Ethiopia. Provides for enforcement of this Act. Imposes penalties for violations of this Act.
United States · United States Congress · 8 January 1987
Amends the Temporary Emergency Food Assistance Act of 1983 to require the Secretary of Agriculture to make excess cheese acquired by the Commodity Credit Corporation available free, upon a showing of need, to a requesting State.
United States · United States Congress · 8 January 1987
Requires that all proceeds from any sale of Federal assets be used solely to retire the public debt. Establishes the Debt Retirement Account for the transfer or credit of such proceeds. Requires annual reports to the Congress by the Secretary of the Treasury on the financial condition of the account.
United States · United States Congress · 8 January 1987
Amends the Tax Reform Act of 1984 to provide a transitional rule allowing a spouse to be relieved of liability for tax or penalties due to an understatement of tax which is attributable to disallowed deductions of the other spouse.
United States · United States Congress · 8 January 1987
Amends the Internal Revenue Code to allow an income tax deduction for interest paid or incurred on a qualified educational loan. Defines "qualified educational loan" as any indebtedness incurred to pay the educational expenses of the taxpayer or the taxpayer's spouse or dependent. (Present law requires that such a loan be secured by an interest in real property.)
United States · United States Congress · 8 January 1987
Home Employment Enterprise Act - Amends the Fair Labor Standards Act of 1938 to permit individuals to engage in industrial homework (including sewing, knitting, jewelry, or craftmaking) or perform any service in or about their place of residence as employees of any employer covered by such Act if the employer complies with minimum wage and maximum hours requirements under such Act.
United States · United States Congress · 8 January 1987
Self-Employment Opportunity Act of 1987 - Provides for a demonstration program in which at least five, but not more than ten, States would be permitted to provide unemployment compensation to individuals for the purpose of funding self-employment. Sets forth factors that the Secretary must consider in selecting States for such program. Requires program agreements to provide that: (1) each eligible individual, for a three-year benefit period, shall be entitled to receive adjustment assistance in the form of self-employment allowances; and (2) such individual shall not be eligible to receive extended or other additional compensation with respect to such benefit year or regular compensation if the State makes payment in lieu of regular compensation. Makes eligible with respect to any benefit year, for purposes of this Act, any individual who: (1) is eligible to receive regular compensation under the State law during such benefit year; (2) submits an application to the State agency for a self-employment allowance under this Act; and (3) meets applicable State requirements. Limits the number of individuals who may be considered as eligible individuals for during a given year. Provides that the aggregate amount of a self-employment allowance for any individual for any benefit year shall be equal to the maximum amount of regular, extended, or other additional compensation which would be payable to such individual for such benefit year. Permits eligible individuals to file applications for self-help allowances with State agencies responsible for administering agreements under this Act. Requires a State to pay a self-help allowance on a weekly basis. Prohibits a State from offering self-employment allowances unless it is implementing a program that is approved by the Secretary and designed to select and assist individuals for self-employment, monitor such employment, and provide for a complete evaluation of the use of such allowances. Provides that State and Federal requirements relating to availability for work, active search for work, or refusal to accept suitable work shall not apply to an individual receiving a self-employment allowance under this Act as long as such individual is self-employed. Provides for payments to States of amounts equal to the Federal share of each payment (other than administrative expenses) made by the State agency on account of self-employment allowances provided under this Act. Permits States to make payments (exclusive of administrative expenses) from State unemployment funds for adjustment assistance provided under this Act. Directs the Secretary to submit to the Congress: (1) within two years after enactment of this Act, an interim report on the effectiveness of such demonstration program; and (2) within four years after such enactment, a final report on such program. Sets forth provisions relating to fraud and overpayments. Excludes activities taken by a State pursuant to an agreement under this Act from being taken into consideration in determining whether there has been a net decrease in the solvency of the State unemployment compensation program.
United States · United States Congress · 8 January 1987
Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid.
United States · United States Congress · 8 January 1987
Amends rule X of the Rules of the House of Representatives to require each standing committee to review, on a continuing basis and when considering public bills or resolutions, those portions of the President's Private Sector Survey on Cost Control (Grace Commission report) pertaining to such committee's jurisdiction. Amends rule XI to require each committee report on a public bill or resolution to contain: (1) an identification of each recommendation of the Survey to be implemented and the resulting estimated program cost savings or revenue enhancement; and (2) a statement setting forth the disposition of each recommendation pertaining to such bill or resolution.
United States · United States Congress · 7 January 1987
Authorizes and directs the Secretary of the Treasury to pay a specified sum to two named individuals in full settlement of all claims against the United States arising from the submersion of land allotted to one of those individuals.
United States · United States Congress · 7 January 1987
Constitutional Amendment - Prohibits a person from being eligible for election or appointment to the office of Senator for more than three full six-year terms. Prohibits a person from being eligible for election to the office of Representative for more than nine full two-year terms.
United States · United States Congress · 7 January 1987
Amends rule XLVI of the Rules of the House of Representatives to require that Members of the House of Representatives prepare franked mail (and mass mailings) to qualify for the lowest first-class rate practicable. Prohibits a Representative from using the equivalent priority mail rate for franked mail unless the mail is inherently time sensitive. Decreases, after April 30, 1986, the amount of franked mail to which Representatives are entitled. Provides a formula to count against limitations on the use of the frank, mail matter for the period beginning on May 1, 1986, and ending on December 31, 1986, that relates to a Representative's notice of appearance or scheduled itinerary. Provides a formula, for the period beginning on May 1, 1986, and ending on September 30, 1986, to limit the amount of franked mail a Representative may mail that is not in direct response to an inquiry or request.
United States · United States Congress · 7 January 1987
Expresses the sense of the House of Representatives that the President should establish a bipartisan commission on the budget deficit with the express charter to recommend appropriate policy to achieve a balanced Federal budget by the end of FY 1989.
United States · United States Congress · 6 January 1987
Designates the Federal building and United States Courthouse located on North Robert Street, St. Paul, Minnesota, as the Warren E. Burger Federal Building and United States Courthouse.
United States · United States Congress · 6 January 1987
Limits the obligation or expenditure of funds for the deployment and maintenance of launchers for U.S. nuclear weapons and MIRVs on an individual ballistic missile unless the President certifies to the Congress that the Soviet Union has deployed strategic forces in excess of the numerical sublimits established by the SALT II agreement.
United States · United States Congress · 6 January 1987
National Observance Advisory Act - Establishes the President's Advisory Commission on National Observances to establish criteria for recommending to the President that a proposed national observance be approved or disapproved.
![Official portrait of Rep. Frenzel, Bill [R-MN-3]](https://www.congress.gov/img/member/f000380_200.jpg)