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United States · Official source
1,563 records where Rep. Martin, David O'B. [R-NY-26] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 19 February 1992
Amends the Internal Revenue Code to provide a partial exclusion of dividends or interest received by an individual.
United States · United States Congress · 19 February 1992
Designates September 13, 1992, as Commodore John Barry Day.
United States · United States Congress · 19 February 1992
Expresses the sense of the Congress that: (1) consideration of the Low Income Home Energy Assistance Program (LIHEAP) should be a high priority; (2) LIHEAP funding for FY 1993 should be increased to a level greater than or equal to funding for FY 1992; and (3) the President should accept the LIHEAP funding level for FY 1993 as recommended by the Congress.
United States · United States Congress · 18 February 1992
United States Olympic Checkoff Act - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns contributions (not less than one dollar) to the United States Olympic Trust Fund. Establishes such Trust Fund.
United States · United States Congress · 18 February 1992
Designates September 13 through 19, 1992, as National Rehabilitation Week.
United States · United States Congress · 18 February 1992
Authorizes and requests the President to designate the second full week in March 1992 as National Employ the Older Worker Week.
United States · United States Congress · 11 February 1992
Designates April 14, 1992, as Education and Sharing Day, U.S.A., the birthday and the start of the 91st year of Rabbi Menachem Mendel Schneerson, leader of the worldwide Lubavitch movement.
United States · United States Congress · 5 February 1992
Designates May 1992 as National Huntington's Disease Awareness Month.
United States · United States Congress · 4 February 1992
Designates the week beginning November 1, 1992, as National Medical Staff Services Awareness Week.
United States · United States Congress · 4 February 1992
Designates October 1992 as Italian-American Heritage and Culture Month.
United States · United States Congress · 4 February 1992
Designates May 3 through 9, 1992, as National Correctional Officers Week.
United States · United States Congress · 4 February 1992
Authorizes and requests the President to designate the last Friday of April 1992 as National Arbor Day.
United States · United States Congress · 30 January 1992
Designates February 6, 1992, as National Women and Girls in Sports Day.
United States · United States Congress · 24 January 1992
Designates the week beginning August 16, 1992, as National Convenience Store Appreciation Week.
United States · United States Congress · 22 January 1992
Amends Federal law to prohibit a Member of the House of Representatives from sending any franked mass mailing outside the Member's congressional district. Authorizes a Member of Congress to mail franked mail with a simplified form of address for delivery within his or her congressional district only. (Current law permits such mailings throughout the Member's State.) Prohibits the Committee on House Administration from approving any payment for, and a Member from making any expenditure from, any allowance of the House or any other official funds if any portion is for any cost related to a mass mailing by a Member of the House outside his or her congressional district.
United States · United States Congress · 27 November 1991
Foreign Solid Waste Prohibition Act - Declares that the purpose of this Act is to implement the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal. Amends the Solid Waste Disposal Act to make it unlawful to import into the United States any solid waste, except as provided by this Act. Excludes from the definition of "import" any: (1) disposal or transport for the purpose of disposal of solid waste in compliance with a permit issued under the Marine Protection, Research, and Sanctuaries Act; (2) discharge of solid waste subject to regulations under the Act to Prevent Pollution From Ships; and (3) any transboundary movement of solid waste generated or managed exclusively by U.S. Government activities or facilities abroad or on board U.S. aircraft into an area under U.S. jurisdiction, if such waste is not unloaded before reaching an area under U.S. jurisdiction. Excludes from the provisions of this Act: (1) spent nuclear fuel; and (2) solid waste that when mixed with source, special nuclear, or byproduct material (as defined by the Atomic Energy Act of 1954) or spent nuclear fuel is subject, as a result of being radioactive, to other international control systems. Applies this Act's requirements to: (1) scrap metal; (2) waste paper, glass, and plastic and scrap textiles, when separated from municipal solid waste; and (3) any other separated solid waste if the waste would not have adverse health and environmental effects. Designates such waste as recyclable solid waste. Prohibits the import of recyclable solid waste into the United States without the notification and consent of the President. Declares that a contract between the importer and exporter of such waste must exist prior to import into the United States. Provides that if an importer fails to deliver waste to the facility designated in the notification, consent, and contract, he shall be legally and financially responsible for: (1) delivering such waste to an alternative facility; or (2) returning such waste to the exporting country. Directs importers to comply with financial responsibility requirements of the United States and of exporting and transit countries. Authorizes general notification and consent procedures for multiple shipments of the same waste to the same disposer via the same customs offices. Authorizes the President to: (1) determine the procedures by which waste may be managed abroad or imported into the United States; and (2) exempt an individual shipment of waste by an executive branch agency from compliance if in the interest of the United States. Authorizes the President to issue orders prohibiting the import of waste by a particular source, shipment, or class where there is reason to believe that: (1) the management of imported waste would be in violation of Federal laws; or (2) imports may not be in accordance with contracts, bilateral agreements, or international obligations of the United States. Permits the issuance of emergency orders to prohibit the import of waste by a particular source, shipment, or class from a specific country for up to 45 days where: (1) the waste may present an imminent endangerment to health or the environment; or (2) the exporting country requests emergency actions in support of enforcement efforts related to such waste. Sets forth annual reporting requirements for waste importers. Provides for the imposition of fees on such individuals. Prescribes civil penalties and authorizes civil actions in connection with specified violations of this Act. Provides for criminal penalties for certain knowing violations. Subjects property used in violation of this Act to forfeiture. Sets forth financial responsibility requirements with respect to the illegal importation of waste.
United States · United States Congress · 22 November 1991
Commends: (1) the people of Guam for their patriotism, bravery, loyalty to the United States, and many sacrifices during World War II, particularly during the invasion and occupation of the Guam territory; (2) the members of the Navy Insular Force and U.S. Navy and Marine Corps for the efforts and sacrifices they made in defense of the U.S.; (3) the Hawaiians for their sacrifices and contributions to the U.S. war effort during the attack on Pearl Harbor on December 7, 1941; and (4) the Hawaii Territorial Guard members, Varsity Victory Volunteers, the civilian workers at the Pearl Harbor Naval Ship Yard and other Hawaiian military installations, 100th Infantry Battalion, Military Intelligence Service, and 442nd Regimental Combat Team for their sacrifices and contributions to the U.S. war effort during such attack.
United States · United States Congress · 19 November 1991
Second National Blue Ribbon Commission to Eliminate Waste in Government Act - Establishes the Second National Blue Ribbon Commission to Eliminate Waste in Government to: (1) conduct a private sector survey on management and cost control in the Federal Government; (2) review executive agency operations and existing General Accounting Office, Congressional Budget Office, Inspector General Reports, and other existing governmental and nongovernmental recommendations for reducing waste; and (3) submit to the President and the Congress a list of those recommendations with estimated savings that the Commission determines are most significant and recommendations for improving the budget process, management, and reducing waste and costs in the Government. Requires the Commission to identify, address, and to report to the President and the Congress on: (1) opportunities for increased efficiency and reduced costs in the Government that can be realized by executive action or legislation; (2) areas in the Government where managerial accountability can be enhanced and administrative control can be improved; (3) specific Federal programs that have accomplished their objectives and ought to be terminated; (4) specific Federal program services that could be provided at a lower cost by the private sector; (5) specific reforms of the budget process that would yield savings, increase accountability and efficiency, and enhance public confidence in the budget process; (6) specific areas in the Government where further study can be justified by potential savings; and (7) specific recommendations for legislative and administrative actions. Requires the Commission to be funded, staffed, and equipped, to the extent practicable and permitted by law, by the private sector without cost to the Government.
United States · United States Congress · 19 November 1991
National Fallen Firefighters Foundation Act - Establishes the National Fallen Firefighters' Foundation. Declares that the Foundation is: (1) a charitable and nonprofit corporation to be organized under the laws of the State of Maryland; and (2) not an agency or establishment of the United States. Provides that the Foundation is to: (1) primarily encourage, accept, and administer private gifts of property for the benefit of the National Fallen Firefighters' Memorial and its annual memorial service; (2) provide financial assistance to the families of firefighers who die in the line of duty; and (3) assist in the recognition of such firefighters. Sets forth provisions for establishment and membership of a Board of Directors of the Foundation. Makes the Administator of the U.S. Fire Administration of the Federal Emergency Management Agency an ex officio nonvoting member of the Board, who shall appoint Directors of the Board. Sets forth rights and obligations of the Foundation, including having its principal offices in the State of Maryland. Authorizes the Administrator to: (1) provide, and accept reimbursements for, personnel, facilities, and other administrative services to the Foundation; and (2) accept the services of the Foundation, the Board, and the Board's officers and employees as volunteers in performing functions authorized under this Act. Sets forth requirements relating to audits and annual reports. Provides for relief for certain Foundation acts or failures to act. Provides that the United States is not liable for any debts, defaults, acts, or omissions of the Foundation. Authorizes appropriations.
United States · United States Congress · 18 November 1991
Amends the Internal Revenue Code to exclude from gross income the qualified military benefits of retired military personnel employed as administrators or instructors in the Junior Reserve Officers' Training Corps.
United States · United States Congress · 18 November 1991
Recognizes December 15, 1991, as the 200th anniversary of the adoption of the Bill of Rights.
United States · United States Congress · 14 November 1991
Amends the Federal Election Campaign Act of 1971 to prohibit candidates for the House of Representatives from accepting contributions from persons other than local individual residents totaling in excess of the total contributions accepted from local individual residents. Limits contributions to candidates for Federal office by nonparty multicandidate political committees to $1,000. Subjects to limitation and reporting requirements payments by a national committee of a political party or a State committee of a political party for a mixed political activity. Repeals the office facility exception (building fund) from the definition of contribution. Requires the deposit of excess funds of candidates for the House of Representatives into a separate account to be used for any lawful purpose other than for such candidate's election.
United States · United States Congress · 14 November 1991
Amends the Internal Revenue Code to repeal occupational taxes relating to the production or sale of distilled spirits, wines, and beer.
United States · United States Congress · 12 November 1991
Prohibits the use of appropriated funds for acquisition of voter registration lists for the House of Representatives.
United States · United States Congress · 7 November 1991
Designates May 31, 1992, through June 6, 1992, as a Week for the National Observance of the 50th Anniversary of World War II.
United States · United States Congress · 7 November 1991
Designates December 21, 1991, as Basketball Centennial Day.
United States · United States Congress · 5 November 1991
Designates December 4, 1991, as Federal Civilian Employee Remembrance Day to recognize contributions provided by Federal civilian employees during the attack on Pearl Harbor and during World War II.
United States · United States Congress · 4 November 1991
Urges and requests the President to require the Secretary of the appropriate military department to award the Bronze Star to each member of the Navy or Marine Corps who served under General Wainwright during the defense of Corregidor Island, the Philippines, during World War II.
United States · United States Congress · 29 October 1991
Directs the Secretary of Agriculture, through the Administrator of the Animal and Plant Health Inspection Service, to conduct inspections of garbage from Canada and to assess fees for such inspections.
United States · United States Congress · 24 October 1991
Authorizes the Air Force Association to establish a memorial on Federal land in the District of Columbia or its environs to honor the men and women who have served in the U.S. Air Force.
United States · United States Congress · 24 October 1991
Wood Products Export Act of 1991 - Directs the Secretary of Agriculture to provide grants to establish international forest products trade development centers at universities offering graduate training in forestry. Authorizes appropriations.
United States · United States Congress · 24 October 1991
Designates November 24 through 30, 1991, and November 22 through 28, 1992, as National Adoption Week.
United States · United States Congress · 16 October 1991
Designates March 1992 as Irish-American Heritage Month.
United States · United States Congress · 3 October 1991
Designates 1992 as The Year of the American Indian.
United States · United States Congress · 2 October 1991
Combined Sewer Overflow Control Act - Amends the Federal Water Pollution Control Act to make combined sewer overflow (CSO) (defined as the discharge of untreated sanitary wastes and stormwater from combined stormwater and sanitary sewers) unlawful, except in accordance with the requirements of this Act. Requires any person owning or operating a combined stormwater and sanitary sewer from which there is CSO to notify the Administrator of the Environmental Protection Agency or the State of the CSO. Directs the Administrator to issue any such person a permit authorizing such CSO which: (1) prohibits dry water overflow; (2) requires the permittee to implement technically sound operation and maintenance practices for its sewer system designed to minimize CSO and to maximize the use of its facilities to minimize CSO; and (3) implements the study and plan required by this Act to the extent such study and plan has not been previously implemented. Provides that permits authorizing CSO issued prior to the enactment of this Act shall remain in effect until reissued or modified in accordance with this Act. Requires: (1) any such person to file with the Administrator a complete (phase II) permit application not later than 12 months after the effective date of the regulations required by this Act or two years after the effective date of this Act, whichever occurs last (deadline); and (2) the Administrator, within 12 months after the receipt of such application, to issue a permit to the applicant authorizing the CSO. Mandates that: (1) each such person complete a study and evaluation of its combined sewer system and CSO and prepare a CSO control plan by the deadline; and (2) the Administrator, within two years, establish regulations setting forth the phase II permit requirements for CSO. Sets forth additional requirements with respect to: (1) regulation contents; (2) technology-based controls; and (3) water quality-based controls. Directs the Administrator to: (1) establish, within six months, a technological clearinghouse disseminating information on controlling CSO available to States and local governments; and (2) report to the Congress, within two years, with a list of CSO outfalls, the nature and location of such outfalls, and the estimated Federal share of such costs. Requires that, whenever a State reviews water quality standards, it revises and adopts standards for those waters receiving storm sewer discharges and CSO overflow during wet weather conditions. Authorizes appropriations. Directs the Administrator to: (1) fund that portion of the cost of CSO controls beyond the financial capability of local governments upon the request of the Governor of the State in which the local government is located, subject to specified requirements; (2) set regulatory guidelines to be used by individual local governments with respect to CSO control costs; and (3) establish priorities for individual CSO control projects to be funded.
United States · United States Congress · 2 October 1991
Designates the week of October 19 through 27, 1991, as National Red Ribbon Week for a Drug Free America.
United States · United States Congress · 24 September 1991
Medicare EKG Payment Restoration Act of 1991 - Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to: (1) reestablish separate payment for the interpretation of electrocardiograms (EKGs) that are ordered or performed during an office visit or consultation with a physician; and (2) require the Secretary of Health and Human Services to establish separate fee schedule amounts for EKG interpretations and to adjust the relative values established for office visits to or consultations with a physician to reflect the establishment of such separate fee schedule amounts. Directs the Secretary to: (1) establish practice guidelines for the use of EKGs for dissemination along with other educational information relating to the use of EKGs to physicians; (2) develop a profile of the use of EKGs by physicians; and (3) conduct a study and report to the Congress on the utilization and costs of EKGs.
United States · United States Congress · 23 September 1991
Directs the Sergeant at Arms of the House of Representatives, after consultation with the Speaker of the House and the Comptroller General, to establish procedures to assure that check cashing at the Sergeant at Arms Bank is conducted in a manner consistent with standard banking practices. Requires such procedures to: (1) provide for overdraft protection, suspension or termination of check privileges, or other means of protection against returned checks; and (2) be strictly and uniformly applied to all users with public disclosure. Requires a report to the Speaker by January 3, 1992, on carrying out this Act.
United States · United States Congress · 17 September 1991
Revises provisions concerning health care for members and certain former members of the armed forces to entitle members or former members who are eligible for retired or retainer pay and for Medicare to medical and dental care in any uniformed service medical facility. Provides that such facilities will recover the costs of such care from Medicare Subvention funding. Provides that the costs of care for members or former members who are not eligible for Medicare will be recovered from the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS) Subvention funding. Revises provisions concerning health care for military dependents to provide that the uniformed services facilities providing such care will recover costs from Medicare or CHAMPUS, as appropriate. Prohibits medical or dental care from being provided to an otherwise eligible person at a military treatment facility only if the senior or commanding officer of such facility determines that such facility cannot provide the particular care required because of lack of space or facilities or because such type of care is not provided at such facility. Requires the administering Secretary to be advised immediately when a determination to deny treatment is made, with a verifiable date as to when the restriction will be removed. Amends title XVIII (Medicare) of the Social Security Act to make Department of Defense and Department of Veterans Affairs treatment facilities eligible for Medicare payments as long as they meet requirements applicable to hospitals and skilled nursing facilities under such title.
United States · United States Congress · 17 September 1991
Designates November 1991 as National Accessible Housing Month.
United States · United States Congress · 16 September 1991
1992 White House Commemorative Coin Act - Directs the Secretary of the Treasury to issue one dollar silver coins emblematic of the White House. Mandates that the total surcharges received from the sale of such coins shall be promptly paid to the White House Endowment Fund to assist its efforts to raise an endowment as a permanent source of support for the White House Collection of fine art and historic furnishings, and for the maintenance of the historic public rooms of the White House.
United States · United States Congress · 16 September 1991
Designates the week of September 22 through 28, 1991, and September 20 through 26, 1992, as Religious Freedom Week.
United States · United States Congress · 12 September 1991
Expresses the sense of the House of Representatives that the President should provide agricultural credit guarantees and technical assistance to the Soviet Union, the Soviet Republics, and the Baltic Nations to help meet their food needs.
United States · United States Congress · 2 August 1991
Amends the Federal Aviation Act of 1958 to direct the Administrator of the Federal Aviation Administration to publish and update clearly defined arrival and departure routes leading to and from airports located within and in close proximity to terminal control areas and airport radar service areas for the optional use of pilots operating under visual flight rules.
United States · United States Congress · 2 August 1991
United States Flag Cruise Ship Competitiveness Act of 1991 - Amends Federal law (commonly referred to as the Johnson Act) relating to transportation of gambling devices to exclude from the definition of interstate commerce, transportation from a State to the same State through a place outside that State when such commerce may only be conducted through points not in that State. Repeals all of a specified Federal law (commonly referred to as the Gambling Ship Act) except provisions relating to the transmission of wagering information. Makes unlawful certain actions in connection with a vessel which has any gaming establishment aboard unless in compliance with certain regulations, including registration with the Attorney General and licensing by a State. Provides for certification by the Attorney General of State procedures.
United States · United States Congress · 2 August 1991
Food Quality Protection Act of 1991 - Title I: Cancellation and Suspension - Amends provisions of the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) relating to cancellation and changes in classification or other terms or conditions of registration with respect to the authority of the Administrator of the Environmental Protection Agency. Requires that a rulemaking under such provisions be based on a validated test or other significant evidence raising prudent concerns of unreasonable adverse effects to man or to the environment. Sets forth procedural requirements for such a rulemaking. Provides for amendment of a rule and for judicial review. Allows the Administrator, in the case of a suspension, to waive certain requirements. Allows the Administrator to elect to proceed with a special review proceeding or a public interim administrative review proceeding, if published before a specified date, under the law in effect before enactment of this Act. Requires the Administrator to reassess each tolerance and exemption from the requirement for a tolerance at certain times in connection with reregistration of pesticides. Establishes the Science Review Board to assist the Scientific Advisory Panel in reviews conducted by the Panel. Revises procedures applicable after denial of an application for registration. Allows the Administrator to deny an application for registration because it does not comply with the requirements of a rule issued under provisions of this Act. Repeals provisions regulating the authority of the Administrator to initiate a public interim administrative review process. Declares a decision made after a hearing in certain circumstances during phase three of reregistration to be final. Amends provisions regulating: (1) review by district courts of suspension of registrations; and (2) public hearings. Title II: Data Collection - Directs the Secretary of Agriculture to collect pesticide use data of Statewide or regional significance for all the major crops and crops of dietary significance. Mandates research, development, and dissemination of integrated pest management techniques and other pest control methods that enable producers to reduce or eliminate application of pesticides which pose a greater than negligible dietary risk to humans. Title III: Amendments to the Federal Food, Drug, and Cosmetic Act - Amends the Federal Food, Drug, and Cosmetic Act (FDCA) to define, subject to exception, "pesticide chemical" as it is defined in the FIFRA. Adds to the list of prohibited acts under the FDCA violation of provisions relating to confidentiality of data, as amended by this Act. Deems a food adulterated if it bears or contains: (1) a pesticide chemical residue that is unsafe; or (2) a new animal drug, or conversion product thereof, that is unsafe. Sets forth requirements relating to tolerances and exemptions from the requirement of a tolerance for pesticide chemical residues in food, including residues of degradation products. Prohibits establishment of a tolerance higher than a level the Administrator of the Environmental Protection Agency determines is adequate to protect the public health. Sets forth the factors the Administrator must consider. Allows a greater than negligible dietary risk if: (1) use protects from greater adverse health effects to humans or the environment; (2) use avoids greater risks from another pesticide; or (3) the unavailability of the pesticide would reduce the availability of an adequate, wholesome, and economical domestic supply of the food, and the adverse effects from the reduction would outweigh the risk posed by the residue. Allows the Administrator to issue an exemption from the requirement for a tolerance only if the Administrator determines that a tolerance is not needed to protect the public health, in view of the levels of dietary exposure that could reasonably be expected to occur. Sets forth the factors the Administrator must consider. Sets forth procedures and requirements in connection with: (1) petitions for tolerances or exemptions; (2) certain actions authorized on the Administrator's own initiative; (3) the required submission of additional data to support the continuation of a tolerance or exemption; and (4) confidentiality of data submitted to the Administrator. Provides for continuation of previously issued regulations. Sets forth transitional provisions. Prohibits a final rule that revokes, modifies, or suspends a tolerance or exemption until the Administrator has taken any necessary action under the FIFRA with respect to the registration of the pesticide involved. Requires the Administrator, if the Administrator takes certain actions with respect to the registration of a pesticide, to revoke any tolerance or exemption that allows the presence of the chemical or chemical residue. Requires the suspension of any tolerance or exemption upon the suspension of the use of an associated registered pesticide. Provides for: (1) tolerances for unavoidable residues in the case of a residue of a canceled or suspended pesticide chemical that will unavoidably persist in the environment and thereby be present in or on a food; and (2) residues resulting from an application which was lawful at the time of the application. Directs the Administrator to require the payment of fees sufficient for the Administrator's functions under these provisions. Prohibits, subject to exception, a State from establishing or enforcing any limit on a qualifying pesticide chemical residue in or on any food which is not identical to Federal requirements. Prohibits a State from enforcing a residue limit which was lawful at the time of application. Authorizes appropriations for increased monitoring by the Secretary of Health and Human Services of pesticide residues in imported and domestic food.
United States · United States Congress · 2 August 1991
Designates October 1991 as Ending Hunger Month.
United States · United States Congress · 1 August 1991
Amends the Internal Revenue Code to increase the exclusion from gross income for combat pay of commissioned officers (from $500 to $2,000 monthly). Requires the transfer from the Defense Cooperation Account to the general fund of the Treasury such amounts as determined necessary to offset the revenue loss caused by this amendment during the period of the Persian Gulf conflict.
United States · United States Congress · 1 August 1991
Military Retirement Equity Act of 1991 - Permits retired members of the armed forces to be paid retirement pay concurrently with compensation for any service-connected disability if the person's entitlement to such retirement pay is based solely on: (1) age; (2) length of service; or (3) both. Reduces the amount of retirement pay, in the case of individuals receiving both types of pay, by a specified percentage of the disability compensation which decreases as the disability rating increases. Prohibits any reduction in the retirement pay of a disabled person when the disability rating is total. Expresses the sense of the Congress that, once the Federal budget deficit has been reduced, the Congress should reexamine and eliminate any offset of retired pay by a veteran's disability compensation.
United States · United States Congress · 31 July 1991
Economic Growth Act of 1991 - Title I: Investment and Job Creation Incentives - Subtitle A: Reduction in Capital Gains Tax for Individuals - Amends the Internal Revenue Code to allow a capital gains deduction for individuals for assets held from one to three years. Provides special rules for the gain or loss from the sale or exchange of collectibles and sales of interest in partnerships. Disallows such deduction in computing the alternative minimum tax. Revises the formula for determining gain from the dispositions of certain depreciable realty to take into account depreciation adjustments (adjustments allowed or allowable for exhaustion, wear and tear, obsolescence, or certain amortization). Subtitle B: Inflation Adjustment for Investments - Requires indexing, based on the consumer price index, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business after April 15, 1991) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Provides for the inflation adjustment treatment of: (1) short sales; (2) regulated investment companies and real estate investment trusts; and (3) partnerships, S corporations, and common trust funds. Prohibits gain from the sale or other disposition of an indexed asset from being taken into account under the limitation on investment interest. Subtitle C: Enterprise Zones - Part I: Designation - Authorizes the Secretary of Housing and Urban Development (Secretary) to designate enterprise zones for purposes of providing tax and regulatory relief and improving local services. Limits choices to areas nominated by States and local governments. Limits the total number of areas that may be designated, and the time period of the designation. Authorizes the Secretary to designate a zone only if the area meets certain locational, demographic, unemployment, and poverty criteria. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action that may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, and providing job training to area residents. Describes areas to which the Secretary must give preference in selecting areas for designation. Requires the Secretary to report to the Congress every two years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. Part II: Federal Income Tax Incentives - Allows a nonrefundable income tax credit to enterprise zone employees for five percent of any wages earned as do not exceed a specified amount. Phases out such credit. Provides for the nonrecognition of capital gain on the sale of enterprise zone property. Allows a taxpayer a deduction on the aggregate amount paid for the purchase of enterprise stock on its original issue by a qualified issuer. Requires any gain from the disposition of the stock to be treated as ordinary income. Excludes enterprise zone capital gains from income computation of alternative minimum taxes. Part III: Regulatory Flexibility - Amends Federal law to revise the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified business, government, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations pertaining to the implementation of projects or activities within an enterprise zone. Requires agencies to approve the request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in retaining the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement or present a danger to the public health and safety. Part IV: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and to 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. Part V: Repeal of Title VII of the Housing and Community Development Act of 1987 - Repeals title VII (enterprise zone development) of the Housing and Community Development Act of 1987. Subtitle D: Research and Experimentation Credit Made Permanent - Makes permanent the tax credit for increasing research activities and the tax credit for clinical testing expenses. Title II: Savings Incentives - Allows individuals to establish individual retirement plus accounts with tax treatment similar to that for individual retirement plans. Makes contributions to such accounts nondeductible. Allows existing individual retirement accounts (IRA) to be rolled over into individual retirement plus accounts with payment of tax on the amount rolled over for which a deduction was once allowable, but no tax when withdrawn. Title III: Homeownership Incentives - Subtitle A: First-Time Homebuyers - Allows a tax credit for the first-time purchase of a principal residence by individuals with incomes of $31,000 or less (phased-out to incomes of up to $41,000). Limits such credit to $1,000. Subtitle B: Penalty-Free IRA Plus Withdrawal for Home Purchase, Higher Education, and Health Costs - Allows penalty-free distributions from IRA Plus accounts of up to 25 percent of the account limit for: (1) first-time homebuyers; (2) medical expenses; and (3) higher education expenses. Title IV: Work Incentives - Subtitle A: Reduction in Social Security Penalty on Working Elderly - Amends title II of the Social Security Act (Federal Old-Age, Survivors, and Disability Insurance Benefits) to raise the earnings limit for retirees. Appropriates to each payor fund amounts equivalent to the aggregate increase in social security benefits payable from such fund which is attributable to such amendment. Directs the Secretary of Health and Human Services to study during 1997 whether further amendments relating to deductions on account of work and the exempt amount under the earnings limit are necessary or appropriate. Subtitle B: Economic Growth Dividend - Requires any economic growth dividend (as determined by the Secretary of the Treasury) to be used to increase the personal exemption amount. Requires, after 1995, all revenues resulting from real growth in the gross national product greater than three percent to fund an increased personal exemption. Requires, for fiscal years beginning on or after October 1, 1992, and before October 1, 1995, that 50 percent of such dividend be used to increase the personal exemption amount and the other 50 percent be used to make a downward adjustment in the maximum deficit amount.