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Official portrait of Rep. Hubbard, Carroll, Jr. [D-KY-1]

Rep. Hubbard, Carroll, Jr. [D-KY-1]

United States · Official source

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1,792 records where Rep. Hubbard, Carroll, Jr. [D-KY-1] is listed as a sponsor, author, or other actor. Search with topics and years

Law· HRH.R. 3011 (100th)enacted

Home Equity Loan Consumer Protection Act of 1988

United States · United States Congress · 23 July 1987

Home Equity Loan Consumer Protection Act of 1987 - Amends the Truth in Lending Act to impose additional disclosure requirements for any open end credit plan secured by a consumer's dwelling. Specifies the information to be disclosed as information regarding annual interest rates, finance charge conditions, fees, changes in variable interest rates, and a statement that in the event of any default the consumer risks loss of the dwelling. Imposes additional disclosure requirements for advertisements of open end credit plans secured by consumers' dwellings. Requires such advertisements to disclose a statement of any minimum or fixed amount which could be imposed, periodic rates expressed as annual percentage rates, and any other term which the Federal Reserve Board may by regulation require. Prohibits the use of advertisements for any home equity loan which refer to such loan as "free money" or as a "loan at prime." Requires the Federal Reserve Board to develop and prepare a pamphlet for distribution to consumers which contains: (1) a general description of open end credit plans secured by consumer dwellings and the terms and conditions on which such loans are generally extended; and (2) a discussion of the potential advantages and disadvantages of such plans.

Bill· HRH.R. 2977 (100th)open

A bill to amend the Internal Revenue Code of 1986 to allow certain entities to elect not to make changes in their taxable years required by the Tax Reform Act of 1986, and for other purposes.

United States · United States Congress · 21 July 1987

Amends the Internal Revenue Code to permit a partnership, S corporation, or personal service corporation, unless it is part of a tiered structure, to elect to have a taxable year other than the required one, but generally only if the deferral period of the taxable year elected is three months or less. (Current law requires partnerships, S corporations, and personal service corporations, in most cases, to conform their taxable years to the calendar years used by their owners.) Subjects the principals of a partnership or S corporation electing to change taxable years to additional estimated tax requirements to offset any tax deferral resulting from such election. Imposes deduction limitations on a personal service corporation that changes taxable years. Provides that an election with respect to taxable year shall be made by the partnership, S corporation, or personal service corporation and shall be binding on all partners and shareholders. Sets forth the formula for determining the additional tax requirement when a taxpayer: (1) is a partner or shareholder in at least one such entity during any applicable election years of the entity that end within the taxpayer's taxable year; and (2) has an aggregate deferred tax exceeding $200 with respect to the entity. Describes payment procedures. Requires the inclusion of specified information on returns filed by partnerships and S corporations that elect to use a non-required taxable year. Limits the tax deduction permitted to a personal service corporation for amounts paid or incurred with respect to employee-owners when such a corporation: (1) elects to have a taxable year other than the required one; and (2) fails to meet certain minimum distribution requirements regarding non-dividend amounts paid to owners.

Resolution· HCONRESH.Con.Res. 157 (100th)referred

A concurrent resolution to express strong support for the cabotage laws protecting the coastwide trade to vessels of American construction, crewing, and documentation, and to support the Administration's policy in the U.S.-Canadian free trade talks that the coastwise trade not be opened to Canadian vessels.

United States · United States Congress · 9 July 1987

Urges the administration to continue to reject efforts by Canadian negotiators to: (1) have the U.S. cabotage trades, including the transport of energy resources, opened to Canadian vessels; and (2) eliminate the ad valorem duty on vessel repairs performed in Canadian shipyards.

Bill· HRH.R. 2726 (100th)open

Administrative Law Judge Corps Act

United States · United States Congress · 18 June 1987

Administrative Law Judge Corps Act - Amends Federal law to establish, in Washington, D.C., an Administrative Law Judge Corps (the Corps) comprised of all current administrative law judges. States that the chief administrative law judge shall be the chief administrative officer of the Corps as well as its presiding judge. Specifies the qualifications for chief judge. States that such judge shall be appointed by the President, with the advice and consent of the Senate. Directs the chief judge to submit annual reports to the President and the Congress. Establishes divisions (to number between four and ten) within the Corps, with each division headed by a division chief judge appointed by the chief administrative law judge, with the approval of the Council of the Administrative Law Judge Corps (the first division chief judge of each division shall be appointed by the President, with the advice and consent of the Senate). Sets forth qualifications for division chief judges. Identifies initial divisions and their respective areas of jurisdiction. States that the Corps' policymaking body shall be the Council of the Corps (the Council), comprised of the chief judge and the division chief judges. Authorizes the Council to determine matters of general Corps policy, including: (1) issuance of regulations for Corps proceedings; (2) creation or abolition of divisions or regional offices; (3) contractual transactions; and (4) delegation of functions to division chief judges. Establishes a Judicial Nomination Commission to submit a list of qualified nominees for positions of chief judge and division chief judges. Prescribes a procedure for recommending appointments to the President. Directs the Corps to appoint new judges from a register maintained by the Office of Personnel Management. Confers jurisdiction upon members of the Corps to adjudicate cases under specified sections of the Administrative Procedure Act. Requires cases arising under such sections to be referred to the Corps. Directs the Council to issue regulations for assigning such cases. Provides guidelines for the removal and discipline of administrative law judges. Establishes a Complaints Resolution Board within the Corps to recommend action upon complaints against the official conduct of judges. Details the membership of such Board and the procedures to be followed. Declares Board proceedings and the contents of complaints to be privileged and confidential. Exempts documents and reports considered by the Board from the disclosure and publication requirements of the Freedom of Information Act. Exempts the Board from compliance with the public meeting requirements of specified Federal law. Authorizes appropriations.

Bill· HJRESH.J.Res. 321 (100th)open

A joint resolution proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.

United States · United States Congress · 17 June 1987

Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to agree, by enactment of a joint resolution, on an estimate of total receipts for that fiscal year. Prohibits outlays for that year from exceeding such estimated receipts unless the Congress, by a three-fifths rollcall vote of each House, provides for a specific excess of outlays over receipts. Requires the Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of such excess in the ensuing fiscal year. Requires a three-fifths rollcall vote of each House to increase the public debt. Directs the President to submit to the Congress a proposed budget for each fiscal year in which total outlays do not exceed total receipts. Requires the approval by a majority of the total membership of each House by rollcall vote before any bill to increase revenue may become law. Waives this article for any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing, and total outlays shall include all outlays of the United States, except those for repayment of debt principal.

Bill· HJRESH.J.Res. 316 (100th)open

A joint resolution designating the period beginning on July 13, 1987, and ending on July 26, 1987, as "United States Olympic Festival-1987 Celebration", and designating July 17, 1987, as "United States Olympic Festival-1987 Day".

United States · United States Congress · 11 June 1987

Designates the two week period of July 13 through July 26, 1987, as United States Olympic Festival-1987 Celebration. Designates July 17, 1987, as United States Olympic Festival-1987 Day.

Bill· HRH.R. 2611 (100th)open

A bill to amend title 18, United States Code, to allow the National Association of State Racing Commissioners, State racing commissions and regulatory authorities that regulate pari-mutuel wagering to receive and share Federal Government criminal identification records.

United States · United States Congress · 4 June 1987

Amends the Federal criminal code to allow the National Association of State Racing Commissioners, State racing commissions, and authorities that regulate parimutuel wagering to: (1) use the facilities of the National Crime Information Center to receive, share, store, and disseminate criminal identification records; and (2) submit fingerprints to the Attorney General for identification and a criminal history records check.

Bill· HRH.R. 2586 (100th)open

Retirement and Survivor Annuities for Bankruptcy Judges and Magistrates Act of 1987

United States · United States Congress · 3 June 1987

Retirement and Survivor Annuities for Bankruptcy Judges and Magistrates Act of 1987 - Establishes a new retirement system for bankruptcy judges and magistrates with 14 or more years of service, or at least eight years of service, upon attaining age 65. Entitles a bankruptcy judge or magistrate who has served at least five years to disability retirement. Provides for cost-of-living adjustments in such retirement system. Requires each bankruptcy judge or magistrate who elects an annuity under this Act to notify the Director of the Administrative Office of the United States Courts. Declares that such judge or magistrate shall not be entitled to an annuity under the civil service systems. Declares this Act applicable to service on or after October 1, 1979. Establishes transition provisions for incumbent judges and magistrates. Provides survivors' annuities for bankruptcy judges, magistrates, and incumbents. Authorizes the recall of retired bankruptcy judges and magistrates into service.

Bill· HRH.R. 2578 (100th)referred

Foreign Ownership of United States Banks Limitation Act

United States · United States Congress · 2 June 1987

Foreign Ownership of United States Banks Limitation Act - Amends the Federal Deposit Insurance Act to require the appropriate Federal banking agency to disapprove any proposed acquisition of an insured bank by a prohibited foreign national. States that such foreign national may be: (1) any country that appears on the list of controlled countries (which includes communist countries) of the Export Administration Act of 1979; (2) any national, agency, or instrumentality of such a country; or (3) any person who such Federal banking agency has reason to believe is an agent of such country, national, agency, or instrumentality. Requires a proposed acquirer of an insured bank to notify such Federal banking agency of the acquirer's nationality. Imposes a criminal penalty for willful failure to provide such information. Extends from 60 to 90 days the period for issuing a notice of disapproval if such Federal banking agency has reason to believe that the proposed acquisition may result in the ownership or control of an insured bank by a prohibited foreign national. Prohibits the responsible Federal banking agency from approving a proposed merger or consolidation of an insured bank if the responsible agency has reason to believe that the resulting bank would be owned or controlled by such a prohibited foreign national. Amends the Bank Holding Company Act of 1956 to prohibit the Federal Reserve Board from approving any acquisition, merger, or consolidation which the Federal Reserve Board has reason to believe would result in the ownership or control of a bank by a prohibited foreign national. Extends for 90 days the period for issuing notice of disapproval if the agency has reason to believe that the proposed acquisition may result in the ownership or control of an insured bank by such a prohibited foreign national. Prohibits the Comptroller of the Currency from issuing a certificate of banking authority to any national banking association which the Comptroller has reason to believe is owned or controlled by a prohibited foreign national. Prohibits the Comptroller from approving the conversion of any bank if the Comptroller has reason to believe that the bank is owned or controlled by any such prohibited foreign national. Amends the Federal Reserve Act to prohibit the Federal Reserve Board from approving an application to become a member of the Federal Reserve System by a bank which the Board has reason to believe is owned or controlled by any such prohibited foreign national. Amends the Federal Deposit Insurance Act to prohibit approval by the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) of an application for insurance by any bank if such bank is owned or controlled by a prohibited foreign national. Requires the appropriate Federal banking agency to require each insured bank to include in the first report of condition filed by such bank after enactment of this Act the nationality of any person who controls such bank. Amends the National Housing Act to require the Federal Savings and Loan Insurance Corporation (FSLIC) to disapprove any proposed acquisition if the FSLIC has reason to believe that the proposed acquisition would result in ownership or control of an institution by a prohibited foreign national. Requires a proposed acquirer of a depository institution to notify the FSLIC of the acquirer's nationality. Imposes a criminal penalty for willful failure to provide such information. Extends from 60 to 90 days the period for issuing a notice of disapproval if the FSLIC has reason to believe that the proposed acquisition may result in the ownership or control of an insured institution by such a prohibited foreign national. Prohibits the FSLIC from approving any acquisition that would result in the ownership or control of any savings and loan holding company, insured institution, or uninsured institution by a prohibited foreign national. Amends the Home Owners' Loan Act of 1933 to prohibit the Federal Home Loan Bank Board from granting a charter if the grant of such charter would result in the control of an institution by a prohibited foreign national. Prohibits the conversion of any association that is a member of the Federal Home Loan Bank, any Federal savings and loan association, any Federal savings bank, or any State-chartered savings bank into certain types of institutions if, after such conversion, such resulting institution would be controlled by a prohibited foreign national. Prohibits the FDIC from approving certain mergers and consolidations if the FDIC has reason to believe that the resulting bank, association, or institution would be owned or controlled by a prohibited foreign national. Amends the Federal Home Loan Bank Act to prohibit any building and loan association, savings and loan association, cooperative bank, homestead association, insurance company, or savings bank from becoming a member of, or a non-member borrower of, a Federal Home Loan Bank if such institution is controlled by a prohibited foreign national. Requires the Federal Home Loan Bank Board and the FSLIC to require each institution that is required to file reports of conditions with such Board or FSLIC to include in the first such report filed after enactment of this Act the nationality of any person who controls such institution.

Bill· HRH.R. 2556 (100th)referred

International Debt Recovery Act of 1987

United States · United States Congress · 28 May 1987

International Debt Recovery Act of 1987 - Amends the International Lending Supervision Act of 1983 to provide that in the establishment of capital adequacy levels for banking institutions, the appropriate Federal banking agencies shall require increased capital for such institutions exposed to country debt that has been classified by bank regulatory agencies in certain high risk categories, subject to specified conditions. Provides that the ultimate collectibility of debt shall be presumed, and increased capital shall not be required, in the case of countries that are demonstrating clear progress toward financial recovery and restored creditworthiness as indicated by specified factors. Provides that for countries not demonstrating such progress toward financial recovery and creditworthiness, the capital adequacy requirements shall be based on an evaluation of risk encompassing such factors as: (1) interruptions in debt servicing; (2) past and projected economic performance; and (3) secondary market valuation of the country's debt. Amends the Bank Holding Company Act of 1956 to exempt from the prohibition on ownership or control by a bank holding company of voting shares of a nonbanking organization the acquisition of shares in a company which does no business in the United States except as an incident to its international or foreign business if: (1) the shares are acquired as a result of or in connection with a conversion or exchange of restructured obligations, principal, interest, or any other proceeds of any restructured obligations or obligations issued in exchange for any new money contributions, or any other obligation the repayment of which in nonlocal currency and immediately available funds is prohibited under local law; (2) the bank holding company has received prior approval by the Federal Reserve Board for transactions in excess of the smaller of $50,000,00 or two percent of capital or, for all other transactions, provided prior notice to the Board; and (3) the shares are not held for more than ten years or, if later, five years after the investment may be legally repatriated in its entirety subject to the Board's authority to extend such period for good cause. Requires the Federal bank regulatory agencies to report semiannually to the specified congressional committees concerning steps taken to implement this Act, including specified information concerning the category of debt of various countries and the exposure and capital and reserve position of the 24 largest U.S. banks.

Bill· HRH.R. 2327 (100th)open

Veterans' Administration Beneficiary Travel, Quality assurance, and Readjustment Counseling Amendments of 1987

United States · United States Congress · 7 May 1987

Amends Federal veterans' benefits provisions to direct (current law authorizes) the Administrator of Veterans Affairs to pay travel expenses of certain veterans and their eligible dependents to or from a Veterans Administration facility or other authorized place in connection with rehabilitation, counseling, or medical treatment or care. Defines those veterans entitled to such payment, including: (1) those veterans financially unable to meet such travel costs; and (2) those veterans unable to bear the cost of special transportation necessitated due to a medical disability. Limits such payments in the case of travel by a privately-owned vehicle to the cost of similar public transportation for such travel. Limits such payment to the actual cost incurred for such travel.

Bill· HRH.R. 2238 (100th)reported

General Aviation Standards Act of 1988

United States · United States Congress · 30 April 1987

General Aviation Standards Act of 1987 - Amends the Federal Aviation Act of 1958 (relating to aviation accident investigations) to apply such Act, with specified exceptions, to any action for damages for harm arising out of a general aviation accident brought against a general aviation manufacturer, owner, or operator of a general aviation aircraft, or a person who supports or maintains such aircraft. Establishes guidelines for uniform standards of liability of general aviation manufacturers for general aviation accidents. States that all actions for harm arising out of a general aviation accident shall be governed by the principles of comparative responsibility. Establishes, with specified exceptions, a limitation of actions period of 12 years from delivery of aircraft or harm-causing part to the purchaser for general aviation civil liability brought against a general aviation manufacturer. Declares admissible as evidence certain income tax and payroll tax liability for purposes of establishing financial harm arising out of a general aviation accident. Permits the award of punitive damages if a claimant establishes by clear and convincing evidence that the harm suffered was the direct result of conduct manifesting conscious, flagrant indifference to safety. Establishes a two-year limitation of actions period for actions arising out of a general aviation accident. Confers original jurisdiction upon the Federal district courts, concurrently with State courts, for all civil actions for harm arising out of a general aviation accident. Provides procedures for removal from State to Federal district courts of such actions. Declares that this Act supersedes any State law regarding recovery of damages for harm arising out of a general aviation accident. Declares the intent of the Congress that sanctions be strictly enforced for violations of Rule 11 of the Federal Rules of Civil Procedure, including orders to pay to the other party the reasonable costs of legal fees.

Bill· HRH.R. 2218 (100th)referred

A bill to amend titles XVIII and XIX of the Social Security Act to cover the services of clinical psychologists, clinical social workers, and psychiatric nurse specialists under the medicare and medicaid programs.

United States · United States Congress · 29 April 1987

Amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to cover mental health specialist services (which include the services of clinical psychologists, clinical social workers, and psychiatric nurse specialists) under Medicaid and part B (Supplementary Medical Insurance) of Medicare. Directs the Secretary of Health and Human Services to establish demonstration projects examining the feasibility and desirability of including a clinical mental health counselor as a mental health specialist for purposes of Medicare and Medicaid coverage.

Bill· HRH.R. 2183 (100th)open

Rural Letter Carriers Tax Simplification Act

United States · United States Congress · 28 April 1987

Rural Letter Carriers Tax Simplification Act - Provides that, for taxable years beginning after 1986, rural mail carriers are permitted to compute the amount of the income tax deduction for use of their automobiles in performance of mail services: (1) by using a standard mileage rate for all miles of such use equal to 150 percent of the basic standard rate; or (2) without applying the limitation on deductions generally applicable in cases when the business use of the automobile accounts for 50 percent, or less, of its use. Prohibits the use of 150 percent of the basic standard mileage rate in determining the allowable deduction if the taxpayer claims an investment tax credit or depreciation deduction for such automobile.

Resolution· HCONRESH.Con.Res. 108 (100th)referred

A concurrent resolution expressing the sense of Congress that medicare reconciliation legislation take into account the plight of rural hospitals.

United States · United States Congress · 22 April 1987

Expresses the sense of the Congress that Medicare (title XVIII of the Social Security Act) reconciliation legislation should take into account the special needs of rural hospitals which are not currently taken into account under the Medicare hospital prospective payment system.

Bill· HRH.R. 2045 (100th)referred

A bill to amend the Rural Electrification Act of 1936 to permit the prepayment of Federal financing bank loans made to rural electrification and telephone systems.

United States · United States Congress · 9 April 1987

Amends the Rural Electrification Act of 1936 to permit Rural Electrification Administration borrowers to prepay Federal Financing Bank loans without penalties if: (1) private capital is used to replace such loans; and (2) any savings will be used to avoid future rate increases, passed on to customers, or used to improve the borrower's financial strength.

Bill· HRH.R. 1917 (100th)open

Social Security Transitional Benefit Computation Act of 1987

United States · United States Congress · 2 April 1987

Social Security Transitional Benefit Computation Act of 1987 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to alter the formula for computing the primary insurance amount of individuals who attain age 65 in or after 1982 and would otherwise be subject to the benefit computation rules of the Social Security Amendments of 1977. Extends the application of such transitional benefit computation rules to those who become eligible for benefits before 1989. (Currently those who become eligible after 1983 are subject to the benefit computation rules of the Social Security Amendments of 1977.)

Bill· HRH.R. 1885 (100th)open

Satellite Television Fair Marketing Act

United States · United States Congress · 31 March 1987

Satellite Television Fair Marketing Act - Amends the Communications Act of 1934 to prohibit the encrypting of satellite programming from the Public Broadcasting Service and the Armed Forces Radio and Television Service. Requires anyone who encrypts satellite delivered programming for private viewing to: (1) make it available for private viewing by home satellite antenna users; (2) establish reasonable character and financial criteria for distributors of satellite delivered programming and not discriminate in prices, terms, or conditions among distributors offering similar distribution services; and (3) conduct such encryption according to Federal Communications Commission (FCC) - approved standards designed to comply with specified criteria. Requires the FCC-approved standards to provide the public interest benefits of a universal encryption system permitting decryption by cable television subscribers and home satellite users. Authorizes aggrieved persons to commence civil actions to enforce this Act. Requires the Federal Trade Commission (FTC) to conduct a study of pricing and distribution terms of satellite television programming to determine whether the programming market is developing competitively. Authorizes the FTC to establish remedies necessary to produce adequate competition. Requires the FCC to begin a rulemaking proceeding on improving access to network signals for rural Americans.

Bill· HRH.R. 1881 (100th)referred

Civil Rights Act of 1987

United States · United States Congress · 31 March 1987

Civil Rights Act of 1987 - Amends title IX of the Education Amendments of 1972, the Rehabilitation Act of 1973, the Age Discrimination Act of 1975, and title VI of the Civil Rights Act of 1964 to provide that the phrase "program or activity" shall, as applied to educational institutions receiving Federal financial assistance, mean the educational institution (notwithstanding the decisions of the Supreme Court in Grove City College v. Bell and North Haven Board of Education v. Bell). Amends title IX of the Education Amendments of 1972 to state that such Act's prohibition of sex discrimination shall be inapplicable to educational institutions which are controlled by, or closely associated with the tenants of, a particular religious organization if the application of such prohibition would be inconsistent with the organization's religious intent. (Current law provides that such prohibitions are inapplicable where the educational institutions are controlled by religious organizations.) States that nothing in such Act shall be construed to grant or deny any right relating to abortion.

Bill· HRH.R. 1857 (100th)referred

A bill to amend titles XVIII and XIX of the Social Security Act to provide that clinical social worker services are covered under part B of Medicare and are a mandatory benefit under Medicaid, and for other purposes.

United States · United States Congress · 30 March 1987

Amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to provide coverage for clinical social worker services under Medicaid and part B (Supplementary Medical Insurance) of Medicare.

Bill· HRH.R. 1786 (100th)open

Telephone Decency Act

United States · United States Congress · 25 March 1987

Telephone Decency Act - Amends the Communications Act of 1934 to prohibit any obscene or indecent telephone communication, in foreign or interstate communication or in the District of Columbia, for commercial purposes to any person. (Current law prohibits such communication to any person without his or her consent or to any person under 18 years of age.)

Bill· HRH.R. 1692 (100th)open

Employee Educational Assistance Act of 1987

United States · United States Congress · 18 March 1987

Employee Educational Assistance Act of 1987 - Amends the Internal Revenue Code to make permanent the income tax exclusion for employee educational assistance programs. (Present law terminates such exclusion as of December 31, 1987.) Requires, for every taxable year beginning after 1988, an annual cost of living adjustment of the maximum excludable amount. Waives the maximum excludable amount for any educational assistance furnished by certain educational institutions to graduate students engaged in teaching or research activities for such organization.

Bill· HRH.R. 1707 (100th)open

A bill to establish the Veterans' Administration as an executive department.

United States · United States Congress · 18 March 1987

Establishes the Veterans Administration as an executive department redesignated as the Department of Veterans' Affairs. Makes technical and conforming changes, including the redesignation of the Administrator of Veterans Affairs as the Secretary of Veterans' Affairs.

Bill· HRH.R. 1663 (100th)open

Small Business Prompt Payment Act Amendments of 1987

United States · United States Congress · 17 March 1987

Small Business Prompt Payment Act Amendments of 1987 - Revises Federal law to deem the head of a Federal agency to have received an invoice on the later of: (1) the date on which the designated office or employee of an agency actually receives it; or (2) the fifth day after the date on which a property is actually delivered, or final performance of a service is actually completed, unless the contract specifies otherwise. Makes Federal prompt payment provisions applicable to the United States Postal Service. Makes the Postmaster General responsible for issuing procurement regulations, solicitation provisions, and contract clauses. Reduces the 15-day grace period for payment of interest penalties to eight days for solicitations (other than meat products and agricultural commodities) issued before October 1, 1990. Eliminates such grace period for procurement solicitations issued on or after October 1, 1990. Requires an agency to pay a double interest penalty if: (1) the agency owes the interest penalty; (2) the interest penalty is not paid to the business concern on or after the date the penalty is due; (3) the agency does not pay the penalty within ten days after such payment is made; and (4) a written demand is made within 40 days after such payment is made. Requires regulations on interest penalties, in the case of construction contracts, to provide for the payment of interest on: (1) progress payments due for more than seven days, or a longer period if the prevailing practice in private construction contracts is to provide such longer period; and (2) amounts retained during the performance of a contract, if such amounts are not paid by the required payment date. Requires regulations on interest penalties to provide for periodic payments in the case of supply or service contracts upon: (1) the submission of an invoice for supplies delivered or services performed; and (2) acceptance of supplies or services by an authorized employee or certification of performance by such an employee. Requires Government construction contractors to include a payment provision in their agreements with their subcontractors which provides for payment in accordance with prevailing industry standards. Requires the contractor to pay a late payment interest penalty to the subcontractor at the rate applicable between the prime contractor and the Government. Specifies the calculation of time for interest penalties on discount payments. Revises agency reporting requirements on interest penalty payments to include: (1) a description of agency payment practices; and (2) an analysis by the Office of Small and Disadvantaged Business Utilization for each of the various Federal agencies on the impact of such payments on small and disadvantaged businesses. Requires the Chief Counsel for Advocacy of the Small Business Administration to report to the congressional committees on Small Business on current Government compliance with the payment of interest penalties and the impact on small business. Requires the Chief Counsel to monitor the compliance of all agencies and of the Director of the Office of Management and Budget with interest penalty payments. Requires the modification of the Federal acquisition regulation to implement Federal prompt payment provisions.

Bill· HRH.R. 1632 (100th)open

Oil Pollution Liability and Compensation Act of 1987

United States · United States Congress · 17 March 1987

Oil Pollution Liability and Compensation Act of 1987 - Title I: Oil Pollution Liability and Compensation - Imposes joint, several, and strict liability for specified removal costs and damages upon the party responsible for a vessel or facility from which oil is either discharged into certain waters, or which poses a substantial threat of such a discharge. Exempts from such liability certain discharges permitted under Federal law. Defines conditions under which a mobile offshore drilling unit will be treated as either a tanker or as a facility for purposes of determining responsibility or excess liability. Sets forth defenses to liability under this Act. Sets forth limits to liability under this Act, with specified exceptions. Authorizes the Secretary of Transportation to establish by regulation a maximum liability limit. Requires the Secretary to report to the Congress from time to time regarding liability adjustments. Defines circumstances under which liability for injury to natural resources shall be to either: (1) the United States; (2) the affected State; or (3) a foreign government. Sets forth recovery and indemnification procedures. Sets forth the uses of the Oil Spill Liability Trust Fund (the Fund) including: (1) payment of removal costs and administrative expenses; and (2) contributions to the International Fund. Sets forth defenses to liability for such Fund and a specified maximum amount which may be paid from the Fund. Confers rights of subrogation upon the United States for payment of any claim by the Fund. Sets forth a claims procedure for removal costs or damages. Requires the Secretary to designate the source of a discharge (or potential discharge), and to immediately notify the responsible party or guarantor of such designation. Sets forth the advertisement procedures to be followed by such a designee or guarantor. Grants subrogation rights to any person (including the Fund) who pays compensation under this Act to any claimant for costs or damages. Requires the party responsible for certain vessels over 300 gross tons to establish and maintain evidence of financial responsibility to meet maximum liability limits. Requires the Secretary of the Treasury to withhold or revoke the clearance of any vessel which fails to certify such financial responsibility. Sets forth circumstances under which such vessels may have entry into U.S. ports or waters denied, or have their oil cargo seized. Imposes a civil penalty for failure to comply with the financial responsibility requirement. Restricts judicial review of any regulation promulgated under this Act to the Circuit Court of Appeals for the District of Columbia. Grants the district courts original jurisdiction over all actions arising under this Act. Sets forth a limitation period for actions for removal costs, damages, or contribution. Title II: Conforming Amendments - Sets forth conforming amendments to certain related statutes. Title III: Implementation of International Conventions - States that during any period in which the Civil Liability Convention and the Fund Convention are in force with respect to the United States, owner liability for pollution damage arising from a ship-related incident shall be determined according to such Conventions. Grants recognition to the International Oil Pollution Compensation Fund as a legal person under Federal law, and deems the Director of such Fund to have irrevocably appointed the Secretary of State as the Fund's agent for service of process for legal proceedings involving the Fund within the United States. Exempts such Fund and its assets from all direct taxation in the United States. Provides that certain required contributions with respect to oil received in the United States shall be paid to the International Fund from the Oil Spill Compensation Fund. Grants recognition of any final judgment of a court of any country which is a party to either the Civil Liability Convention or the Fund Convention. Sets forth the financial responsibility requirements of ship-owners whose vessels are subject to the Civil Liability Convention. Imposes specified sanctions and civil penalties upon persons violating the financial responsibility requirements. Waives all U.S. defenses based upon sovereign immunity with respect to any controversy arising under the Civil Liability Convention or the Fund Convention relating to any ship owned by the United States and used for commercial purposes. Authorizes the Secretary to prescribe regulations to implement this Act, and all Federal obligations under the specified Oil Pollution Conventions.

Bill· HRH.R. 1561 (100th)open

Democracy in Chile Act of 1987

United States · United States Congress · 11 March 1987

Democracy in Chile Act of 1987 - Declares that it is U.S. policy to: (1) encourage the peaceful return to democracy in Chile; (2) condemn continued acts of brutality by the Chilean Government as well as the assassination attempt against General Pinochet; (3) call for the adoption of a timetable for the transition to democracy and civilian rule; and (4) support efforts to establish the framework for such transition. Imposes the following sanctions against Chile beginning 30 days after enactment of this Act: (1) U.S. opposition to multilateral development bank loans or other assistance for Chile unless the assistance is directed specifically to programs which serve the basic human needs of the citizens of Chile; (2) denial of benefits to Chile under the Generalized System of Preferences and prohibition of duty-free treatment of imports from Chile; (3) denial of Overseas Private Investment Corporation loans or investment guarantees for Chile; (4) prohibition of imports of copper from Chile; and (5) termination of the United States-Chile air transportation agreement. Provides that such sanctions shall not apply if: (1) the President certifies to the Congress that Chile has made significant progress in complying with internationally recognized human rights and in restoring labor rights, has made significant progress in establishing a free multi-party electoral process, has ended the practice of forced exile and restrictions on the right of Chilean nationals to enter and leave their country, and has taken appropriate steps to investigate the deaths of Rodrigo Rojas de Negri, Orlando Letelier, and Ronni Moffitt; and (2) the Congress, within 30 days of receiving such certification, enacts a joint resolution approving such certification. Provides for expedited congressional consideration of such joint resolution.