United States · United States Congress · 4 September 1985
Enterprise Zone Development and Employment Act of 1985 - Title I: Designation of Enterprize Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Provides that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 100 nominated areas, by the later of a 24 month period or July 1, 1985 (one-fourth of which must be in rural areas). Limits the period during which such deisgnation shall remain in effect. Provides that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 1,500 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, receiving commitments of private entities to assist employees and residents of the area, permitting State and local income tax deductions for fees for services performed by a nongovernmental entity formerly performed by a governmental entity, giving special preference to contractors owned and operated by members of a minority, and giving of surplus land in the enterprise zone to neighborhood organizations agreeing to operate a business on the land. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires the Secretary to prepare and submit to the Congress every four years a report on the effects of such enterprise zones' designation. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Treats any area designated as an enterprise zone as a labor surplus area under Federal law. Title II: Federal Income Tax Incentives - Subtitle A: Credits for Employers and Employees - Allows employers located in enterprise zones a nonrefundable income tax credit for increased employment expenditures and employment of the disadvantaged. Allows a three-year carryback and a 15-year carryover of such credit. Sets the amount of such credit at ten percent of the increase in payroll (taking into account a maximum of $17,500 in wages per year per employee) plus 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such economically disadvantaged credit. Disallows a deduction for the portion of the wages or salaries taken into account for such credit. Requires that where there is an early termination of employment by an employer in the case of qualified economically disadvantaged individuals, the tax for that taxable year in which the termination occurred must be increased by the tax credits allowed for such employees. Allows employees located in enterprise zones a nonrefundable income tax credit equal to five percent of qualified wages earned per year (taking into account a maximum of $10,500 in wages per year). Phases out such credit. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for investments made in certain enterprise zone construction property located in enterprise zones. Limits such credit to ten percent for new enterprise zone construction property, including rental property. Requires that the property subject to such credit be located in an enterprise zone, be predominantly used in the zone, be either constructed, reconstructed, renovated, etc. during the period of zone designation or acquired during such period, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon the early disposition of the property. Provides for a phase-out of the enterprise zone tax credit as the enterprise zone ends. Provides for an adjustment to the basis of the enterprise zone construction property to reflect the enterprise zone tax credit. Subtitle C: Nonrecognition of Qualified Enterprise Zone Capital Gain Where Acquisition of Enterprise Zone Business Property - Provides for the nonrecognition of capital gain on the sale of property where within the one-year period beginning on the date of such sale qualified replacement property is acquired by the taxpayer, to the extent the gain from the sale does not exceed the cost of the replacement property. Defines "qualified replacement property" as any personal property used predominantly in an enterprise zone in the active conduct of a trade or business within the enterprise zone, any real property located in the enterprise zone used in the active conduct of a trade or business, or any corporation, partnership, or other entity if, for the three most recent taxable years of such entity ending before the date of the purchase of such interest, such entity was a qualified business. Sets forth special rules for the operation of this provision. Requires the basis of the replacement property to be reduced by an amount equal to the amount of gain not recognized on the sale of such other property. Extends the period for the statute of limitations relating to the assessment of tax with respect to the sale of property involving the nonrecognition provisions. Provides that the holding period for the qualified replacement property shall include the period for which the property sold or exchanged had been held as of the date of the sale or exchange. Subtitle D: Deduction for Purchase of Enterprise Stock - Allows a taxpayer to deduct the aggregate amount paid during the taxable year for the purchase of enterprise stock on the original issue of such stock by a qualified issuer. Limits the maximum amount of such deduction to $100,000 a year. Requires that the $100,000 limit must be allocated among the members of a controlled group. Requires the pro rata allocation of the $100,000 limit among the stock purchased where the aggregate amount of stock purchased exceeds the $100,000 limitation. Requires that the gain from the disposition of the stock shall be treated as ordinary income. Provides a formula for calculating such gain. Provides that interest is charged on the disposition of such stock if such disposition occurs before the end of the three-year period beginning on the date the stock was purchased. Provides that where an issuer ceases to be a qualified issuer of enterprise stock before the close of the fifth taxable year after the date the stock was issued, the taxpayer must include in income the amount of the deduction allowed with respect to such stock plus interest on the aggregate decrease in tax of the taxpayer resulting from the deduction allowed with respect to such stock. Sets forth special rules with respect to such stock. Requires the basis of such stock to be reduced by the amount of the deduction allowed with respect to such stock. Subtitle E: Rules Relating to Industrial Development Bonds - Provides that limitations on the cost recovery deductions for property financed with tax-exempt industrial development bonds shall not apply to enterprise zone property. Provides that the termination of the small issue exemption shall not apply to industrial development bonds the proceeds of which are used to finance facilities in such enterprise zones. Subtitle F: Ordinary Loss Deduction for Securities of Enterprise Zone Business Which Become Worthless - Permits an ordinary loss deduction for securities of enterprise zone businesses which become worthless during the taxable year. Subtitle G: Increase in Research Credit for Research Conducted in Enterprise Zones - Increases the tax credit for increasing research activities to 37 and one-half percent. (currently, 25 percent for research conducted in enterprise zones). Subtitle H: Sense of the Congress with Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Subtitle I: Regulations - Directs the Secretary of the Treasury to issue regulations to carry out the provisions of this Act not later than six months after the date of enactment. Title III: Regulatory Flexibility - Revises the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified businesses (as defined in Title II of this Act) and governments and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in continuation of the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of a rule shall remain in effect as long as the zone designations. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Board to consider on a priority basis and expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to, and expedite applications for, the establishment of ports of entry necessary to establish such zones. States that, to the maximum extent practicable, foreign-trade zones should be established within enterprise zones.
United States · United States Congress · 31 July 1985
Law Enforcement Officers Protection Act of 1985 - Amends the Federal criminal code to define "armor-piercing ammunition." Excludes from the definition: (1) shotgun shot composed in order to comply with Federal or State law; (2) frangible projectiles for target shooting; (3) ammunition containing frangible projectiles; and (4) any ammunition or projectiles which the Secretary of the Treasury determines are primarily intended for sporting purposes. Makes it unlawful for any person to manufacture or import armor-piercing ammunition. Allows: (1) the manufacture or importation of armor-piercing ammunition for the use of the United States or any State or local government; (2) manufacture for the sole purpose of exportation; or (3) manufacture or importation for the purposes of testing and experimentation authorized by the Secretary. Establishes a licensing fee of $1,000 per year for manufacturers and importers of armor piercing ammunition. Authorizes the Secretary to revoke a license from a dealer for violating this Act. Requires the Secretary of the Treasury to promulgate regulations allowing for special marking on armor-piercing communication and packaging. Establishes an additional mandatory sentence for any person who during and in relation to the commission of a violent crime carries a firearm and is in possession of armor-piercing ammunition capable of being fired by such firearm.
United States · United States Congress · 25 July 1985
Confirms title in specified lands in California and Nevada which were transferred to such States by the Federal Government, conveyed by such States to third parties, and were determined in a border dispute resolution to be a part of a State other than the State which conveyed the title.
United States · United States Congress · 18 July 1985
Amends the State Department Basic Authorities Act of 1956 to authorize regulating the activities of U.N. employees (including employees of the U.N. Secretariat) outside the United Nations Headquarters District in a manner determined to be in the best interests of the United States and pursuant to the United Nations Headquarters Agreement Act. Exempts U.S. nationals from such regulations. Requires the Secretary of State to report periodically to the Congress on plans to implement this Act.
United States · United States Congress · 11 July 1985
'Designer Drug' Enforcement Act of 1985 - Amends the Controlled Substances Act to establish criminal penalties for the manufacture or possession with intent to distribute or the distribution of unregulated drugs with a chemical structure or effect substantially similar to that of a controlled substance.
United States · United States Congress · 10 July 1985
Amends the Racketeer Influenced and Corrupt Organizations Statute (RICO) to allow a civil action to be brought by a plaintiff only when the private suit rests on an injury caused by conduct that led to the defendant's conviction of one of the predicate offenses listed in the statute or of a criminal violation of RICO itself. Requires the plaintiff to bring such action within one year of the defendant's conviction.
United States · United States Congress · 27 June 1985
Recognizes the efforts of the members of the Airborne Divisions of the U.S. Army who served during World War II. Urges the Postmaster General to issue commemorative stamps honoring those Divisions, and to determine the appropriate denomination, design, and period of issuance of the stamps.
United States · United States Congress · 25 June 1985
Department of Justice Gift Acceptance Act - Authorizes the Attorney General to accept unconditional gifts, donations, and bequests of property for use in the operation of the Department of Justice. Requires the Attorney General to promulgate rules for accepting gifts including a prohibition against accepting gifts that would create a conflict of interest.
United States · United States Congress · 21 June 1985
Supports U.S. policy which rejects capitulating to international terrorist demands. Expresses the House of Representatives' hope for the safe return of all U.S. hostages (in Lebanon), just compensation for their suffering, and just punishment and retribution for the crimes and atrocities committed by the terrorists.
United States · United States Congress · 18 June 1985
Money Laundering and Related Crimes Act of 1985 - Amends the Federal criminal code to establish money laundering as a Federal offense. Sets forth fines and penalties to be imposed on anyone who conducts transactions involving the movement of funds by wire or other electronic means, or involving monetary instruments, through a financial institution engaged in or affecting interstate commerce: (1) with the intention of carrying out specified types of unlawful activity; or (2) with knowledge or reckless disregard of the fact that such a monetary instrument represents income derived from such unlawful activity. Provides for a fine of not more than $250,000 or twice the value of the monetary instrument, whichever is greater, or imprisonment for not more than 20 years, or both. Imposes a civil penalty of the greater of the value of the funds or the monetary instrument involved or $10,000. Authorizes components of the Department of Justice and the Department of the Treasury to investigate such an offense, as appropriate. Establishes extraterritorial jurisdiction if certain conditions are met. Amends the Right to Financial Privacy Act of 1978 to permit a financial institution to provide records to law enforcement agencies without notice to customers when it has reason to believe that those records are relevant to the commission of a crime. Permits a financial institution to alert a law enforcement agency that it has information relevant to a possible violation. Provides as a defense for a financial institution in a civil suit under the Right to Financial Privacy Act that it provided records in a good faith belief that they were relevant to a possible violation of law. Amends the Federal Rules of Criminal Procedure to allow the court to prohibit any person to whom a subpoena is directed from notifying any other person of the existence of the subpoena. Authorizes the Secretary of the Treasury to: (1) examine books, papers, and records of domestic financial institutions; and (2) summon an officer or employee having possession or custody of reports or records to appear before the Secretary and give testimony under oath. Allows the Secretary to disclose such information when relevant to a matter within the jurisdiction of the receiving agency or for national security reasons. Increases the civil penalties for violations of the Bank Secrecy Act's reporting rules. Provides in the case of a reporting violation for a maximum penalty of $1,000,000 and a minimum penalty of $25,000. Imposes a $10,000 fine in any other case. Reduces the civil penalty by any amount forfeited to the United States. Imposes a civil penalty for the criminal violation of such section, in the amount of the transaction or $25,000, whichever is greater, where the violation involves a transaction. Provides for a fine of the entire amount deposited in an account during the reporting year or $250,000, whichever is greater, where the violation involves the failure to report or omissions in such report. Imposes a civil penalty of not more than $10,000 in the case of a negligent violation. Increases the penalty, if such violation is in conjunction with violations of other laws, or if it is part of a pattern of illegal activity involving more than $100,000 in a year, to imprisonment for not more than ten years. Lists money laundering as a predicate offense for purposes of the Racketeer Influenced and Corrupt Organizations statute. Authorizes wiretapping for purposes of the investigation of money laundering. Makes whoever knowingly facilitates, by providing substantial assistance, the commission by another person of an offense against the United States punishable as a principal. Makes it a Federal offense for any person to receive, possess, or conceal any money or property which has been obtained in connection with a violation of any law of the United States or to bring or transfer into the United States any money or other property which has been obtained in connection with a violation of any law of a foreign country concerning the manufacturing of or trafficking in a controlled substance. Provides for a fine of not more than $250,000 and imprisonment for not more than ten years or both. Establishes civil and criminal forfeiture procedures for the offenses of money laundering and of receiving the proceeds of a crime.
United States · United States Congress · 5 June 1985
Designates the period of October 1, 1985, through September 30, 1986, as the time to reflect on the achievements of the Peace Corps during its 25 years and on ways such programs might be used in the future. Authorizes and requests the President to proclaim this period as a time to honor Peace Corps volunteers and reaffirm the Nation's commitment to such programs.
United States · United States Congress · 23 May 1985
Deplores and condemns the murder of Major Arthur D. Nicholson, Jr., and calls on the Soviet Union to apologize for his murder and to indemnify his family. Calls on the President to rename Checkpoint Charlie in honor of Major Nicholson.
United States · United States Congress · 23 May 1985
Supports the initiative of the Director of the U.S. Information Agency to: (1) arrange for a high level Soviet official to appear on American television provided the Soviet Union allows a high level American official to appear on Soviet television; and (2) plan for United States and Soviet participation in a worldwide discussion using an international satellite television network and allowing journalists to ask uncensored questions of such officials.
United States · United States Congress · 22 May 1985
Young Astronaut Program Medal Act - Commemorates the Young Astronaut Program by directing the Secretary of the Treasury to strike and deliver to the Young Astronaut Council no more than 750,000 medals with emblems, devices, and inscriptions determined by the Secretary. Authorizes the Council to dispose of the medals at a premium and to have them delivered as required in quantities of no less than 2,000. Directs that no medals be struck after December 31, 1987. Directs the Secretary to set the price of the medals at no less than the manufacturing cost plus a surcharge of ten percent of such cost. Requires the furnishing of security sufficient to fully indemnify the United States for such costs. Directs that the medals be struck in gold, silver, and bronze and in such size or sizes as determined by the Secretary. Gives the U.S. Comptroller General the right to examine the records of the Council which are related to the medals.
United States · United States Congress · 22 May 1985
Korean War Veterans Memorial Act of 1985 - Authorizes the American Battle Monuments Commission to erect a memorial on Federal land in the District of Columbia or its environs to honor members of the U.S. armed forces who served in the Korean war. Subjects the selected site, design, and plans for the construction of such memorial to the approval of the National Commission of Fine Arts and the National Capital Planning Commission. Directs that, upon its completion, the memorial shall be turned over to the Department of the Interior which shall then be solely responsible for its maintenance. Authorizes appropriations.
United States · United States Congress · 16 May 1985
Even Start Act - Establishes a pilot program to combine adult basic education for parents and school readiness training for children into a single educational program. Requires that funds made available to a grant recipient under this Act be used to provide a program of adult literacy training which includes as a major component involving parents and children together to enhance the likelihood of educational achievement. Requires that each such program receiving a grant include the following elements: (1) identifying and recruiting eligible participants; (2) screening and preparing parents and children for participation (including testing, referral to necessary counseling, and related services); (3) designing programs and providing support services to suit the participants' work and other responsibilities (including child care, transportation, and scheduling and locating services to allow joint participation by parents and children); (4) establishing instruction programs that promote adult literacy, equip parents to support the education and growth of their children, and prepare children for success in regular school program; and (5) providing and monitoring integrated instructional services to participants through home-based programs. Makes eligible for participation in such programs families that: (1) include a parent eligible to participate in an adult basic education program under the Adult Education Act; and (2) reside, with a child aged four or five, in a school attendance area designated for receipt of funds under chapter 1 (Financial Assistance to Meet Special Educational Needs of Disadvantaged Children) of the Educational Consolidation and Improvement Act of 1981 (ECIA). Makes eligible to apply for such program grants any agency, organization, or institution that operates an adult basic education program under the Adult Education Act and that serves an area: (1) in which the unemployment rate exceeds the national average; and (2) at least 75 percent of which is comprised of school attendance areas designated for receipt of funds under chapter 1 of ECIA. Sets forth grant application requirements, including: (1) a demonstration that the applicant can coordinate programs under the Adult Education Act with program under chapter 1 of ECIA, with other related programs such as health care, nutrition, child abuse, and substance abuse control and with State and local educational agencies; (2) a statement of methods to be used to provide program services for those most in need of them and for special populations, such as the handicapped and those with limited English proficiency; and (3) a demonstration that the applicant has qualified personnel to provide staff training and preparation. Directs the Secretary of Education to select 15 to 20 applications for final review, with two-thirds of these from urban areas and one-third from rural areas. Provides that three of these applications shall be selected for receipt of funds by a review panel composed of the Secretary, and specified members of State and local directors of programs under chapter 1 of ECIA and the Adult Education Act, chief State school officers, and representatives from a local Parent-Teacher Association and from institutions of higher education with training, respectively, in early childhood education and in adult literacy training. Sets forth program agreement requirements, including: (1) participant enrollment for at least 12 months; and (2) grant recipient provision of at least 25 percent of program costs for the third year of operation, 50 percent for the fourth year, and continued program operation after the expiration of assistance under this Act, if the program has been demonstrated to be effective. Sets forth requirements for evaluation and dissemination of results of such pilot projects. Requires that the results of such evaluation be submitted by the end of FY 1992 to the national diffusion network for possible dissemination. Directs the Secretary, in order to carry out this Act, to reserve specified amounts from FY 1987 through 1991 funds which would otherwise be available for: (1) grants to States for adult basic education and adult education programs to be carried out by local educational agencies and private nonprofit agencies; and (2) evaluation and studies under chapter 1 of ECIA. Provides that such requirement shall not apply to funds appropriated before the enactment of this Act.
United States · United States Congress · 16 May 1985
Expresses the sense of the Congress that U.S. national security policy should reflect a national strategy of peace through strength. Sets forth the principles and goals of such policy.
United States · United States Congress · 7 May 1985
Constitutional Amendment - Declares that nothing in the Constitution shall abridge the right of persons to participate in voluntary prayer in public schools or institutions. States that no person shall be required by the United States or by any State to participate in prayer. Prohibits the United States or any State from composing words of prayer to be said in the public schools.
United States · United States Congress · 1 May 1985
Requires each Federal department, agency, and instrumentality to report to the Congress by March 1 of each year on plans to implement the recommendations of the President's Private Sector Survey on Cost Control (Grace Commission report).
United States · United States Congress · 25 April 1985
States that on the occasion of President Jose Napoleon Duarte's trip to the United States, the House of Representatives applauds him and the Government of El Salvador and expresses its appreciation for his leadership in the campaign to immunize the children of El Salvador.
United States · United States Congress · 24 April 1985
Establishes in the legislative branch of the Government the Perot Commission on Americans Missing in Southeast Asia to conduct an investigation and report to the Congress its findings with respect to the existence and the release of prisoners of war in Southeast Asia. Sets forth specified administrative procedures and powers of the Commission. Requires the Commission to terminate 30 days after the filing of its report to the Congress or on January 3, 1987, whichever occurs first.
United States · United States Congress · 18 April 1985
Directs the Postmaster General to issue a stamp commemorating the 40th anniversary of the Blue Angels. Specifies the design and denomination of the stamp. Establishes the dates within which the stamp shall be issued and directs that it be sold for a period set by the Postmaster General.
United States · United States Congress · 16 April 1985
Civil Rights Amendments Act of 1985- Amends title IX (Prohibition of Sex Discrimination) of the Educational Amendments of 1972, the Rehabilitation Act of 1973, the Age Discrimination Act of 1975, and title VI (Nondiscrimination in Federally Assisted Programs) of the Civil Rights Act of 1964 to specify that educational institutions receiving Federal financial assistance are included within prohibitions against discrimination. Provides that, for purposes of such Acts, notwithstanding the Supreme Court decisions in Grove City College et al. v. Bell, Secretary of Education, et al., and in North Haven Board of Education et al. v. Bell, the phrase "program or activity" shall, as applied to educational institutions which are extended Federal financial assistance, mean the educational institution.