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United States · Official source
3,894 records where Rep. Leach, James A. [R-IA-2] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 17 March 1987
Grants a Federal charter to the Montford Point Marine Association, Incorporated.
United States · United States Congress · 17 March 1987
Authorizes and requests the President to designate April 26 through May 2, 1987, as National Organ and Tissue Donor Awareness Week.
United States · United States Congress · 12 March 1987
Directs the Secretary of the Interior to display the American flag at the apex of the Vietnam Veterans Memorial in the District of Columbia.
United States · United States Congress · 12 March 1987
Establishes the Western Historic Trails Center in Council Bluffs, Iowa, as a unit of the National Park System. Directs the Secretary of the Interior to establish the Western Historic Trails Center Commission to develop a draft management plan and oversee its implementation. Requires the Secretary to administer the Center and acquire lands, artifacts, and provide technical assistance. Requires the Commission to submit to the Secretary for approval a management plan which provides for the interpretation, celebration, and research of major historic events surrounding the westward expansion of the United States. Limits Federal funding of land acquisition and construction to 75 percent of the aggregate costs. Authorizes appropriations.
United States · United States Congress · 12 March 1987
Declares that the Congress: (1) deplores the continued violation of the sovereignty of Cambodia by the Socialist Republic of Vietnam; (2) calls upon Vietnam to negotiate to restore self-determination in Cambodia; (3) calls upon Vietnam to withdraw its troops from Cambodia; (4) supports the efforts of the Association of Southeast Asian Nations, the United Nations Secretary General, and non-communist Cambodian people to achieve a political settlement to include free and fair elections; and (5) calls upon the international community to observe a special day of remembrance in recognition of the suffering of the Cambodian people under Pol Pot and in protest of the efforts of Vietnam to suppress basic human rights and the way of life of the Cambodian people.
United States · United States Congress · 10 March 1987
Designates October 6, 1987, as German-American Day.
United States · United States Congress · 10 March 1987
Prohibits the United States from carrying out a test of the Space Defense System (antisatellite weapon) involving the miniature homing vehicle against an object in space until the President certifies to the Congress that the Soviet Union has conducted, after enactment of this Act, a test against an object in space of a dedicated antisatellite weapon. Provides that such prohibition expires on October 1, 1988. Declares that the President should seek with the Soviet Union a mutual and verifiable treaty which limits the testing, deployment, and use of any antisatellite weapon.
United States · United States Congress · 10 March 1987
Designates March 20, 1987, as National Energy Education Day.
United States · United States Congress · 9 March 1987
Imposes a moratorium on additional assistance to the Nicaraguan resistance until the President has provided the Congress an accounting of previous assistance (derived from the sale of arms to Iran, humanitarian assistance provided, or any other assistance they may have received) for the Nicaraguan resistance and the Congress has determined that the President has fully accounted for such assistance. Requires the President, no later than 180 days after enactment of this Act, to submit to the House Permanent Select Committee on Intelligence and the Senate Select Committee on Intelligence an accounting on such assistance. Requires such congressional committees to review the accounting submitted by the President and to report a joint resolution based on such review to their respective Houses. Sets forth specified requirements and procedures with respect to such joint resolution.
United States · United States Congress · 4 March 1987
Torture Victim Protection Act of 1987 - Amends the United Nations Participation Act of 1945 to impose civil liability on anyone who, under actual or apparent authority of any foreign nation, subjects any person to torture or extrajudicial killing. Grants jurisdiction over such cases to U.S. district courts only after claimants have exhausted all available remedies in the place where the conduct giving rise to the claim occurred.
United States · United States Congress · 4 March 1987
Consumer Rail Equity Act - Reaffirms the intent of the Congress that the Railroad Revitalization and Regulatory Reform Act of 1976 and the Staggers Rail Act of 1980 be implemented in a manner which provides both greater competitive alternatives and adequate railroad revenues. Directs the Interstate Commerce Commission, when determining the existence or absence of effective competition, to consider only transportation competition for movement of the same commodity from the same point of origin to the same destination. States that a presumption of overall effective competition is not established by the fact that a railroad faces effective competition with respect to either a point of destination or a point of origin. Shifts the burden of proof regarding transportation rate reasonableness from the shipper to the rail carrier establishing the challenged rate. Declares that it is Federal policy to encourage and promote competitive transportation rates for domestically produced coal and other commodities in order to increase their competitive position in domestic and export markets. Directs the Commission to establish a rail cost adjustment factor which includes changes in railroad productivity, volume, and output mix. Directs the Commission to recompute and republish the Rail Cost Adjustment Factor according to prescribed guidelines. Provides that certain rail carrier rates shall be reduced to the extent of any subsequent decreases in rail cost adjustment factors. Confirms the Commission's authority to promulgate rates set forth in a specified adjudication. Includes within the standards used to determine railroad revenue adequacy: (1) identification of revenues, expenses, and investment base reasonably related to rail transportation service; (2) straight-line depreciation of assets reasonably related to rail transportation service, minus deferred tax reserves resulting from accelerated depreciation; and (3) actual cost of debt capital and reasonable estimates of the current cost of equity capital. Requires the Commission, when making revenue adequacy determinations, to consider specified indicators of a rail carrier's financial status. Requires the Commission to determine, on an annual basis, which rail carriers are earning adequate or inadequate revenues and to determine for each rail carrier the revenues required to achieve or maintain revenue adequacy. Allows (current law requires) the Commission to exempt persons from application of this Act when: (1) such application is not necessary to implement Federal transportation policy; and (2) the Commission finds there is no market dominance involved in the affected transaction. Mandates that the rates and practices application to such exempt persons shall not be considered a matter subject to the jurisdiction of the Commission. Requires any rail carrier providing service under certain line rates to participate in competitive joint rail rates through practicable interchange connections (or publish a competitive proportional rate) if requested to do so by a rail carrier (or shipper or receiver) who has an actual or practicable interchange connection. Directs the Commission, upon petition of any interested party, to require certain terminal facilities owned by a rail carrier in interstate or foreign commerce to be used by another rail carrier if the Commission finds: (1) it is in the public interest to do so; and (2) that the owner of such terminal facility will not suffer substantial impairment of its own business interests. Directs the Commission to require, upon petition by an interested party, that rail carriers enter into reciprocal switching agreements if such an agreement is in the public interest or necessary to provide alternative competitive rail service. Directs the Commission to establish reciprocal switching compensation at a level not to exceed the current percentage of the actual variable costs for such service (unless the carrier demonstrates that a higher level is reasonable and necessary). Revises railroad line abandonment procedures to provide that a rail carrier must wait one year before resubmitting a previously denied abandonment application, unless a substantial change in circumstances can be shown. Requires the Commission to hold hearings in communities affected by a proposed railroad line abandonment if requested to do so by community protestants. Requires the Commission to base its abandonment determination upon financial data regarding the facility proposed to be abandoned rather than upon financial data regarding industry-wide averages. Directs the Commission, when considering any application for a certificate of abandonment or discontinuance, to disregard the impact on traffic volume of any surcharge imposed under specified parts of this Act (unless the surcharge improves the financial performance of the line). Subjects to Commission review any State decision regarding intrastate rates, rules, and practices if a party to such State proceedings petitions for Commission review. Requires the Commission to take action on such petition within 120 days of its receipt. Authorizes the Commission to vacate a State decision found inconsistent with this Act.
United States · United States Congress · 4 March 1987
Directs the Postal Service to restore the reduced rates applicable to mailings of fewer than 5,000 copies of publications to counties adjacent to the county of publication. Limits to 20,000 the number of copies of such publications which may be mailed under reduced rates within the county of publication.
United States · United States Congress · 4 March 1987
Declares that the Congress applauds the recent initiative by the heads of state of Costa Rica, El Salvador, Guatemala, and Honduras and congratulates them on the significant contribution made by such initiative toward ending armed conflict and reinforcing democracy in Central America. Declares that the Congress supports such initiative and looks forward to the summit meeting in Guatemala as the next phase in this effort of the Central American heads of state to forge a lasting peace in Central America.
United States · United States Congress · 26 February 1987
Prohibits the contracting out for performance by private contractor personnel of any function at an arsenal or weapons manufacturing facility under the jurisdiction of the Department of Defense. Provides an exception to such prohibition for functions currently under contract.
United States · United States Congress · 25 February 1987
Merchant Seamen's Benefit Act - Provides for creditable active duty service for veterans' benefits purposes for certain individuals who served in the merchant marine during World War II, who were prisoners of war or civilian internees as the result of enemy action against merchant shipping, and who were in an accredited wartime maritime training program. Prohibits payment of benefits for periods before the date of enactment of this Act.
United States · United States Congress · 25 February 1987
Authorizes the President to establish a health care service training pilot program for FY 1988 and 1989 in two host countries which have existing Peace Corps programs. Requires such pilot programs to: (1) train foreign nationals of the host country to deliver health care services; and (2) provide basic health care to people of the host country. Provides for a health service team composed of physicians and dentists for each host country. Authorizes appropriations.
United States · United States Congress · 24 February 1987
Employee Polygraph Protection Act - Prohibits any employer from using any lie detector test or examination in the work place, for both pre-employment testing and testing in the course of employment. Requires the Secretary of Labor to prepare and have printed notices setting forth this prohibition. Requires employers to post these notices. Provides penalties for violations of this Act. Exempts Federal, State, and local employees from the Act's coverage.
United States · United States Congress · 24 February 1987
Civil Rights Restoration Act of 1987 - Amends title IX (Prohibition of Sex Discrimination) of the Education Amendments of 1972 to define the phrase "program or activity" and the term "program" to mean all of the operations of the following entities, any part of which is extended Federal financial assistance: (1) a department, agency, special purpose district, or other instrumentality of a State or local government; (2) a State or local government agency which distributes such assistance and the agency or department to which such assistance is extended; (3) a college, university, or other postsecondary institution, or public system of higher education; (4) a local educational agency, system of vocational education, or other school system; and (5) a corporation, partnership, or other private organization. States that such terms do not include any operation of an entity which is controlled by a religious organization. Amends the Rehabilitation Act of 1973, the Age Discrimination Act of 1975, and the Civil Rights Act of 1964 to define the phrase "program or activity" to mean all of the activities of the aforementioned entities.
United States · United States Congress · 24 February 1987
Amends the National Housing Act to make authority permanent for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) mortgage co-insurance, including rental rehabilitation and development projects; (5) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (6) mortgage insurance for land development; (7) mortgage insurance for medical and dental group practice facilities; (8) mortgage insurance commitment limitations; and (9) graduated payment and indexed mortgage insurance. Amends the Housing Act of 1964 to make authority permanent for urban rehabilitation loan authority. Amends the Housing Act of 1949 to make authority permanent for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; and (2) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1986 to make national flood insurance authority, including emergency implementation provisions, permanent.
United States · United States Congress · 19 February 1987
Amends the Foreign Assistance Act of 1961 to provide that development assistance funds used for population planning service programs may only be used for programs: (1) in which there is no element of coercion; (2) which include an accurate description of the effectiveness and risks of all major methods of family planning; and (3) which include an agreement to provide either other family planning methods if requested or referral to programs offering other methods.
United States · United States Congress · 19 February 1987
Congratulates the Filipino people on the ratification of a new constitution and reiterates the desire of the United States to help the Philippine Government.
United States · United States Congress · 19 February 1987
Expresses the sense of the Congress that the administration should; (1) oppose the establishment of a tax on vegetable and marine fats and oils in the European Community; (2) continue its efforts to ensure that such a tax is not established; and (3) notify the European Community that the United States will view establishment of such a tax as inconsistent with the European Community's obligations under the General Agreement on Tariffs and Trade and as an action that will result in the result in the adoption of strong and immediate countermeasures.
United States · United States Congress · 18 February 1987
Uniform Product Safety Act of 1987 - States that this Act governs any civil action brought against a manufacturer or product seller for personal injury or damage caused by a product. Supersedes any inconsistent State law regarding recovery in such such actions. Lists specific laws not superseded, including: (1) defenses of sovereign immunity asserted by the United States or any State; (2) any Federal law (except the Federal Employees Compensation Act); (3) the Foreign Sovereign Immunities Act of 1976; (4) State choice-of-law rules; and (5) the right of any court to transfer venue. Allows any State to develop and implement expedited product liability claims procedures. Establishes uniform national standards for product liability actions. Subjects a product manufacturer to liability if the claimant establishes that: (1) the manufacturer manufactured an unreasonably dangerous product; (2) the product failed to conform to an express warranty made by the manufacturer; (3) the manufacturer was negligent in designing the product; or (4) the manufacturer failed to provide appropriate warnings or instructions. Treats a product seller as a manufacturer where: (1) the manufacturer is not subject to a service of process in any State where the action might be brought; or (2) the court determines that the claimant would be unable to enforce a judgment against the manufacturer. Subjects a product seller to liability if the claimant establishes that: (1) the product failed to conform to an express warranty made by the product seller; (2) the product seller did not exercise reasonable care in assembling, inspecting, or maintaining such product; or (3) the product seller did not exercise reasonable care in passing on the manufacturer's warnings or instructions. Establishes defenses in such actions with respect to: (1) manufacturing practices in light of existing technology; and (2) compliance with Government standards and contract specifications; and (3) claimant's intoxication. Holds each defendant found responsible for the harm jointly and severally liable. Makes a product seller or manufacturer liable for punitive damages if such seller or manufacturer: (1) knowingly destroyed or failed to make available evidence whose production is required; or (2) manifested a conscious and flagrant indifference to consumer safety. Lists factors to be considered in setting the amount of punitive damages. Limits punitive damages to treble damages plus costs. Provides that punitive damages may not be awarded where: (1) a drug or medical device complied with certain Government standards; or (2) an aircraft was certified by the Secretary of Transportation under the Federal Aviation Act of 1958. Establishes a 25-year statute of repose. Requires any damage award to be reduced by the amount of workers' compensation benefits paid. Establishes a Federal Product Liability Study Panel to study: (1) existing and proposed expedited product liability claims procedures; (2) Federal and State workers' compensation systems; and (3) nonjudicial methods for resolving product liability claims. Requires the Panel to report to specified congressional committees within two years of enactment of this Act.
United States · United States Congress · 18 February 1987
Designates the first Sunday of August as National Day of Peace.
United States · United States Congress · 11 February 1987
Designates the week of April 20 through April 25, 1987, as World Population Awareness Week.
United States · United States Congress · 10 February 1987
Designates the week beginning on October 4, 1987, as Mental Illness Awareness Week.
United States · United States Congress · 5 February 1987
Amends the Agricultural Act of 1949 to permit a producer of corn and oats, beginning in 1987, to plant more oat acreage than his or her permitted farm acreage base for oats and barley without losing eligibility for feed grain agricultural program benefits. Stipulates that excess oat and barley planting will result in benefits loss for oats and barley. Directs the Secretary of Agriculture to establish a uniform date for producers in a county to certify their corn and oats acreage.
United States · United States Congress · 4 February 1987
Grants a Federal charter to the National Mining Hall of Fame and Museum.
United States · United States Congress · 4 February 1987
United States House of Representatives Election Recount Act of 1987 - Declares that any recount of ballots for the office of Representative shall be completed: (1) in a general election by December 31 of the year of the election; and (2) in a special election by the end of six weeks after the election.
United States · United States Congress · 4 February 1987
Designates April 24, 1987, as National Day of Remembrance of the Armenian Genocide of 1915-1923.
United States · United States Congress · 3 February 1987
Designates February 16, 1987, as Lithuanian Independence Day.
United States · United States Congress · 2 February 1987
Volunteer Protection Act of 1987 - Prescribes circumstances under which volunteers working for nonprofit organizations or government entities shall be immune from personal civil liability. Requires each State to certify to the Secretary of Health and Human Services before the beginning of each fiscal year (commencing with FY 1989) that it has enacted or has in effect a State law which provides such immunity. Requires the Secretary to reduce by one percent the fiscal year allotment which would otherwise be made to such State to carry out the Social Services Block Grant Program under title XX of the Social Security Act if such law is not in effect.
United States · United States Congress · 29 January 1987
Authorizes and requests the President to designate June 1 through June 7, 1987, as National Fishing Week.
United States · United States Congress · 28 January 1987
Designates the week beginning August 2, 1987, as National Podiatric Medicine Week.
United States · United States Congress · 28 January 1987
Designates the week of April 12 through 18, 1987, as National Telecommunicators' Week.
United States · United States Congress · 27 January 1987
Establishes the United States Commission on Improving the Effectiveness of the United Nations to examine and evaluate the strengths and weaknesses of the United Nations system and to submit to the President and the Congress recommendations on ways to improve its effectiveness and the role of the United States in such system. Sets forth specified items which the Commission should focus on in carrying out its duties. Requires the Commission to transmit to the President and the Congress a report containing a detailed statement of its findings, conclusions, and recommendations. Authorizes the Commission to receive private contributions. Terminates the Commission 60 days after the submission of its report.
United States · United States Congress · 22 January 1987
Grants a Federal charter to the Retired Enlisted Association, Incorporated.
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
Food Security Improvement Act of 1987 - Amends the Agricultural Act of 1949 to revise the computation basis for feed grain emergency compensation.
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 · 21 January 1987
Designates the week beginning April 19, 1987, as National Community Development Week.
United States · United States Congress · 21 January 1987
Expresses the sense of the House of Representatives that the Congress should reject the President's recommendation in his 1988 budget proposal to repeal the partial excise tax exemption for alcohol fuels.
United States · United States Congress · 20 January 1987
Title I: General Accounting Office Investigation and Report - Directs the Comptroller General to: (1) within 60 days of enactment of this Act, begin an investigation concerning displaced nationals of El Salvador and Nicaragua; and (2) report to the Speaker of the House and to the President of the Senate within one year of initiating such investigation. Requires determinations to be made, with respect to displaced Salvadorans and Nicaraguans living in El Salvador, Nicaragua, Honduras, Guatemala, or Mexico of: (1) the number and location of such persons; (2) their place of origin in El Salvador or Nicaragua and the period of, and reason for, their displacement; (3) their current living conditions, with particular attention to questions of personal safety and the availability of food and medical assistance; (4) current efforts to provide such necessities; and (5) the impact of the wars in El Salvador and Nicaragua. Requires assessments to be made, in the case of Salvadorans and Nicaraguans returned from the United States to their country, of: (1) their conditions upon return, with particular attention to any human rights violations; and (2) the extent to which these persons have become displaced persons in their country. Requires the investigation, with respect to Salvadorans and Nicaraguans unlawfully in the United States, to: (1) compare the situation in El Salvador and Nicaragua with previous cases of administrative grants of extended voluntary departure under the immigration laws; (2) describe U.S. policies respecting the treatment of other aliens in the United States in similar circumstances; and (3) describe the policies of all other countries in which Salvadorans or Nicaraguans have sought refuge as those policies concern the return of such persons to their country. Title II: Congressional Review - Provides for the referral of such report to the appropriate congressional committees for committee hearings (within 90 days of continuous session after the referral of such report) and committee reports (within 270 days of continuous session after the referral of such report). Title III: Temporary Stay of Deportation - Prohibits the Attorney General from detaining or deporting aliens until the Congress completes its review of the Comptroller General's report of those aliens who: (1) are nationals of El Salvador or Nicaragua; (2) have been continuously present in the United States since before January 20, 1987; (3) are deportable on specified noncriminal grounds; and (4) have signed an agreement to voluntarily leave the United States at the end of such stay of deportation period. States that such period of stay of deportation shall not count as a period of physical presence in the United States for purposes of deportation suspension and status adjustment. States that during such stay of deportation period the alien: (1) shall not be considered to be permanently in the United States; (2) shall not be eligible for public assistance; and (3) may be deemed ineligible for public assistance by a State or any of its political subdivisions.
United States · United States Congress · 20 January 1987
Designates "The Stars and Stripes Forever" as the national march.
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
Urgent Relief for the Homeless Act - Title I: Funding - Authorizes additional FY 1987 appropriations for: (1) community and migrant health centers; (2) the emergency food and shelter program; (3) the emergency shelter grant program; (4) the transitional housing demonstration program; and (5) section 8 housing assistance. Authorizes FY 1987 appropriations for: (1) health care and mental health services for the homeless; and (2) the Interagency Office on Homelessness. Title II: Health Care for the Homeless - Directs the Secretary of Health and Human Services to make grants to certain public or private nonprofit entities for health care and mental health services for the homeless. Gives priority to applicants with related prior experience. Requires grantees to: (1) make health services accessible to the homeless; (2) provide 24-hour service; (3) provide in-patient referrals and funding assistance; (4) refer homeless persons with communicable diseases to public health authorities; (5) provide outreach services; and (6) aid homeless persons to obtain entitlements and services. Limits grantee service charges. Sets forth prohibited and permitted fund uses. Limits the Federal contribution for such grants to 75 percent of service costs. Requires grantees to report annually to the Secretary. Amends title XIX (Medicaid) of the Social Security Act to include within Medicaid coverage: (1) clinic services provided to the homeless by clinic personnel outside the facility; and (2) specified services to homeless persons who are chronically mentally ill. Title III: Interagency Office on Homelessness - Establishes in the Department of Health and Human Services the Interagency Office on Homelessness to carry out the Secretary's duties to assist the homeless. Sets forth such duties, among them the review of Federal programs for the homeless, including on annual report to the Congress. Directs the Secretary to: (1) identify and make available underutilized public buildings and property suitable for the homeless; and (2) make grants for services to be provided in such facilities, including child care. Sets forth applicant selection and priority provisions. Requires the Secretary to: (1) monitor such grant funds; and (2) inspect such facilities. Requires State or local certification to the Secretary of program compliance.
United States · United States Congress · 8 January 1987
Suspends all U.S. aid for the Nicaraguan democratic resistance until the Congress enacts a joint resolution declaring that: (1) specified Select Committees have completed their investigations into the arms sales to Iran and U.S. aid to the Nicaraguan resistance; and (2) the Comptroller General has been able to account for all of the "humanitarian assistance" provided to the Nicaraguan resistance by the Supplemental Appropriations Act, 1985.
United States · United States Congress · 8 January 1987
Congressional Fair Compensation Act of 1987 - Amends the Supplemental Appropriations Act of 1983 to prohibit Members of Congress from accepting honoraria. Amends the Federal Salary Act of 1967 to declare that any recommendations of the President relating to the salaries of Members of Congress shall be of an advisory nature only. Amends the Legislative Reorganization Act of 1946 to require that the annual rate of pay for Members of Congress be the rate payable for such positions on the date of enactment of this Act. Makes it out of order in the House or the Senate to consider any bill or resolution which adjusts the pay of Members or modifies income tax credits or deductions for Members as a separate and distinct class, unless: (1) it takes effect at the beginning of the subsequent Congress; and (2) it is comprised solely of items adjusting the pay of Members. Requires a record vote on such legislation.
United States · United States Congress · 8 January 1987
Depository Institution Examination Improvement Act of 1987 - Redesignates the Financial Institutions Examination Council as the Depository Institutions Examination Council. Directs the Council to prepare guidelines for the Federal depository institutions regulatory agencies to ensure adequate compensation for living and travel expenses for any Federal examiner who is temporarily assigned outside of a regular region of employment. Provides that the estimated expenditures and receipts of the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (FDIC), the Federal Home Loan Bank Board (FHLBB), the Federal Savings and Loan Insurance Corporation (FSLIC), and the National Credit Union Administration (NCUA) included in the annual Federal budget submitted to the Congress by the President shall be submitted to the President before October 16 of each year and included in the President's budget without change. Exempts such entities from fiscal, budget, appropriation, and fund apportionment requirements. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to exempt funds of such entities from reduction under any sequestration order. Provides that the number of employees of a Federal depository institutions regulatory agency shall not be subject to any limitation imposed by any executive branch officer outside such agency. Subjects the FHLBB, the Federal Home Loan Banks, the FSLIC, and the NCUA to audits by the Comptroller General. Establishes the FSLIC as a mixed-ownership Government corporation (currently listed as a wholly-owned Government corporation). Repeals specified authority of the Secretary of the Treasury to approve bank examiner appointments and bank examination assessments by, and to appoint staff of, the Comptroller of the Currency. Directs the Council to: (1) develop a proposal for consolidating all Federal examiner training programs in one school to be established and conducted by the Council; and (2) report to specified congressional committees on its findings, legislative recommendations, and the savings to the regulatory agencies that would result from such consolidation. Requires the Council to: (1) study the feasibility of establishing a graduate degree program in financial management analysis for officers and employees of the regulatory agencies and the State depository institutions supervisory agencies (State agencies); and (2) report to specified congressional committees on its findings, legislative recommendations, the cost of establishing and conducting the program, and on the approval or disapproval by each regulatory agency of the Council's proposal for such program. Requires the Council to establish minimum requirements for examinations of depository institutions by State agencies in order for such an examination to be acceptable for purposes of Federal law. Prohibits such requirements from exceeding the minimum standards in effect for Federal examiners. Directs the Council: (1) at least annually, to request each State agency which examines institutions subject to Federal examination to allow the Council to review its examination methods; (2) to notify a State agency if its examination methods do not satisfy such minimum requirements and allow the agency not more than three years to cure any deficiency; and (3) to notify each Federal regulatory agency if a State agency refuses to allow a review of its examination methods or fails to remedy any deficiency in its methods. Prohibits any Federal regulatory agency or any regional bank, branch, or other office of such Federal agency from relying on any report of examination by a State agency for which such a notice has been received to fulfill an examination requirement under Federal law. Permits the Council to limit the scope of a notice to: (1) a separate branch or department of a State agency which has authority to conduct examinations; or (2) a State agency's capacity to examine a particular type of depository institution. Requires the FDIC, FHLBB, FSLIC, and the NCUA Board to accept any report of examination made by a State agency which meets the minimum requirements as determined by the Council, or to notify the State agency of the reason for such entity's refusal to accept such agency report. Requires a demonstration project to be conducted under which the Federal Reserve Board and the FDIC, if they elect to participate, and the Office of the Comptroller of the Currency, the NCUA, the FHLBB, and the FSLIC shall establish and implement a system to provide employees compensation, including benefits, comparable to that received by their counterparts in the private sector. Requires each agency's compensation system to provide that: (1) covered positions will be classified by pay bands created by modifying the classes or grades currently applicable to such positions; (2) employees shall be evaluated using peer comparison and ranking; (3) each employee's basic pay rate shall be reviewed annually and shall be adjusted to prevent any increase in the deficiency between such rate and the pay for a comparable private sector position, if the employee's performance is rated at the fully successful level or higher; and (4) performance-recognition bonuses, recruitment and retention allowances, and differentials to compensate for regional differences in costs of living shall be awarded where appropriate. Directs each agency to provide for the preparation of reports on: (1) any deficiency in the overall average level of compensation provided for agency positions as compared to the overall average level of compensation generally provided for comparable positions in the private sector; and (2) the percentage by which basic pay for all agency positions must be increased each year to eliminate any increase in such deficiency. Requires each agency head to institute such increase and permits each agency to further increase pay rates to eliminate the entire deficiency. Prohibits any reduction in an employee's basic pay rate by reason of the establishment of such demonstration project. Requires the Office of Personnel Management to: (1) provide that the demonstration project shall be evaluated annually by a contractor; and (2) report the contractor's findings to specified congressional committees. Requires the Comptroller General, within four years after the date on which the project commences, to submit to such committees a final report on such project, including any recommendations for appropriate legislative or other action.
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.