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United States · Official source
3,111 records where Rep. McCollum, Bill [R-FL-8] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 19 March 1987
Designates the week of May 10 through May 16, 1987, as Senior Center Week.
United States · United States Congress · 19 March 1987
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are not greater than total receipts. Permits the Congress, in such statement, to provide for a specific excess of outlays over receipts by a three-fifths vote. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the increase in national income in the last calendar year, unless a bill directed solely to approving specific additional receipts is enacted. Permits the Congress to waive the provisions of this article with respect to any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing, and total outlays shall include all outlays of the United States, except those for repayment of debt principal.
United States · United States Congress · 18 March 1987
Employee Educational Assistance Act of 1987 - Amends the Internal Revenue Code to make permanent the income tax exclusion for employee educational assistance programs. (Present law terminates such exclusion as of December 31, 1987.) Requires, for every taxable year beginning after 1988, an annual cost of living adjustment of the maximum excludable amount. Waives the maximum excludable amount for any educational assistance furnished by certain educational institutions to graduate students engaged in teaching or research activities for such organization.
United States · United States Congress · 18 March 1987
Establishes the Veterans Administration as an executive department redesignated as the Department of Veterans' Affairs. Makes technical and conforming changes, including the redesignation of the Administrator of Veterans Affairs as the Secretary of Veterans' Affairs.
United States · United States Congress · 18 March 1987
Amends the Impoundment Control Act of 1974 to provide that budget authority proposed to be rescinded or reserved in a special message transmitted to the Congress by the President shall be made available for obligation unless the Congress completes action within a specified period on a rescission bill disapproving the rescission of such authority.
United States · United States Congress · 18 March 1987
Designates the week of September 21 through September 27, 1987, as National Historically Black Colleges Week.
United States · United States Congress · 18 March 1987
Designates the month of September 1987 as Partnerships in Education Month.
United States · United States Congress · 18 March 1987
Expresses the sense of the Congress that the President should express to the Soviet Union the U.S. opposition to the Soviet Union's slave labor policies by all possible means, including refusing to permit imports of products made by such labor. Requests the President to end the delay in enforcing the restriction against importing goods produced by forced labor.
United States · United States Congress · 17 March 1987
Small Business Prompt Payment Act Amendments of 1987 - Revises Federal law to deem the head of a Federal agency to have received an invoice on the later of: (1) the date on which the designated office or employee of an agency actually receives it; or (2) the fifth day after the date on which a property is actually delivered, or final performance of a service is actually completed, unless the contract specifies otherwise. Makes Federal prompt payment provisions applicable to the United States Postal Service. Makes the Postmaster General responsible for issuing procurement regulations, solicitation provisions, and contract clauses. Reduces the 15-day grace period for payment of interest penalties to eight days for solicitations (other than meat products and agricultural commodities) issued before October 1, 1990. Eliminates such grace period for procurement solicitations issued on or after October 1, 1990. Requires an agency to pay a double interest penalty if: (1) the agency owes the interest penalty; (2) the interest penalty is not paid to the business concern on or after the date the penalty is due; (3) the agency does not pay the penalty within ten days after such payment is made; and (4) a written demand is made within 40 days after such payment is made. Requires regulations on interest penalties, in the case of construction contracts, to provide for the payment of interest on: (1) progress payments due for more than seven days, or a longer period if the prevailing practice in private construction contracts is to provide such longer period; and (2) amounts retained during the performance of a contract, if such amounts are not paid by the required payment date. Requires regulations on interest penalties to provide for periodic payments in the case of supply or service contracts upon: (1) the submission of an invoice for supplies delivered or services performed; and (2) acceptance of supplies or services by an authorized employee or certification of performance by such an employee. Requires Government construction contractors to include a payment provision in their agreements with their subcontractors which provides for payment in accordance with prevailing industry standards. Requires the contractor to pay a late payment interest penalty to the subcontractor at the rate applicable between the prime contractor and the Government. Specifies the calculation of time for interest penalties on discount payments. Revises agency reporting requirements on interest penalty payments to include: (1) a description of agency payment practices; and (2) an analysis by the Office of Small and Disadvantaged Business Utilization for each of the various Federal agencies on the impact of such payments on small and disadvantaged businesses. Requires the Chief Counsel for Advocacy of the Small Business Administration to report to the congressional committees on Small Business on current Government compliance with the payment of interest penalties and the impact on small business. Requires the Chief Counsel to monitor the compliance of all agencies and of the Director of the Office of Management and Budget with interest penalty payments. Requires the modification of the Federal acquisition regulation to implement Federal prompt payment provisions.
United States · United States Congress · 17 March 1987
Consumer Products Safe Testing Act - Expresses congressional findings that: (1) the Federal Government has encouraged the use of the LD50 test through regulations which mandate or encourage its use or do not prescribe other less costly, more accurate, and more humane alternatives; and (2) private industry is reluctant to use these other tests without Federal Government encouragement. (LD50 is a procedure whereby toxicity is measured in terms of the median dose that will kill 50 percent of the test animals within a specified time.) Prohibits Federal department or agency heads from considering LD50 test results when determining product safety, labeling, or transportation requirements for purposes of Federal regulation. Requires Federal department and agency heads to: (1) review and evaluate directives that call for the use of an animal toxicity test; and (2) promulgate regulations specifying the use of nonanimal alternatives. Permits the use of animal toxicity tests under certain conditions. Requires that animal toxicity testing regulations be subject to periodic agency review and to public comment in certain cases.
United States · United States Congress · 17 March 1987
Amends the Tax Reform Act of 1986 to delay for one year revision of the taxable years of partnerships, S corporations, personal service corporations, and trusts. Reduces by one year the transition period for such revision.
United States · United States Congress · 17 March 1987
Retirement Health Plan Act of 1987 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to provide protection for private retirement health plan benefits. Title I: Reporting and Disclosure Requirements for Retirement Health Plans - Makes specified ERISA disclosure and reporting requirements applicable to retirement health plans. Requires with respect to retirement health plans that: (1) all provisions of the plan be in writing; (2) the rights of participants and beneficiaries under such plan be legally enforceable; and (3) such plan be established with the intention of being maintained for an indefinite period of time. Applies certain pension plan annual reporting requirements to retirement health plans. Makes the exemption from certain reporting and disclosure requirements of employee welfare benefit plans unavailable in the case of retirement health plans. Requires reporting of participant's benefit rights on request in the case of retirement health plans. Allows alternative methods of compliance with disclosure and reporting requirements for retirement health plans. Title II: Vesting Requirements - Sets forth minimum vesting standards for retirement health plans. Provides for a nonforfeitable right to medical benefits under retirement health plans for participants who are retired or eligible for retirement (and for their surviving beneficiaries). Title III: Tax Incentives for Vesting and Full Funding of Retirement Health Plan Benefits - Adds retirement health plan trusts to the list of tax-exempt organizations under the Internal Revenue Code. Provides for a tax credit for full funding of retirement health plans. Provides for approval of a "prescribed percentage" in determining such credit by joint resolution of the Congress. Title IV: Retirement Health Plan Termination Insurance Program - Subtitle A: Basic Provisions - Includes retirement health plans under provisions for plan termination insurance. Revises definitions to reflect such inclusion. Sets forth premium rates for retirement health plans termination insurance. Provides that retirement health plan benefits are guaranteed by the Retirement Benefit Guaranty Corporation (as redesignated by this Act). Guarantees that the Corporation upon termination of the plan will distribute the amount of accrued benefit in a lump sum to the participant (or among surviving beneficiaries). Limits the guarantee to benefits with respect to participants who have retired or who are eligible to retire. Sets forth other limitations. Permits termination of retirement health plans only: (1) where they are sufficient to meet benefit commitments to eligible participants; or (2) upon meeting distress criteria. Sets forth provisions for the allocation of assets of a terminating retirement health plan. Sets forth revisions relating to section 4049 trusts. Sets forth provisions relating to liability for termination of retirement health benefit plans. Subtitle B: Conforming Provisions - Redesignates the Pension Benefit Guaranty Corporation as the Retirement Benefit Guaranty Corporation. Establishes a revolving fund for retirement health plan benefits. Sets forth conforming amendments for coverage of retirement health plans under title IV (Plan Termination Insurance) of ERISA. Sets an aggregate limit on the amount of retirement health plan benefits guaranteed. Includes retirement health plans under provisions for institution of termination proceedings by the Corporation and under provisions relating to reportable events. Limits recapture of payments to pension plans. Sets forth conforming amendments with respect to reports to trustees, dates of termination, and amounts payable by the Corporation. Provides for liability of the substantial employer for withdrawal from retirement health plans under multiple controlled groups. Provides for liability on termination of retirement health plans under multiple controlled groups. Includes retirement health plans under provisions for annual notification of substantial employers. Makes conforming amendments with respect to recovery of liability for plan termination and liens for liability. Sets forth enforcement authority relating to terminations of retirement health plans. Sets forth an effective date and related rules.
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
Defense Savings Act - Establishes the Bipartisan Commission on the Consolidation of Military Bases (the Commission) to: (1) review the military importance of all major military installations; and (2) identify which such installations can be closed or realigned without impairing the security of the United States. Outlines administrative procedures concerning membership, staff, meetings, and powers of the Commission. Directs the Commission, within 180 days after the enactment of this Act, to submit to the President, the Secretary of Defense, and each House of the Congress a final report on the findings and conclusions of the Commission. Terminates the Commission 30 days after the submission of such report. Authorizes the Secretary of Defense to take certain specified action with respect to the implementation of the Commission's recommendations.
United States · United States Congress · 12 March 1987
Border Management Consolidation and Improvement Act of 1987 - Title I: Border Management Consolidation - Requires the Director of the Office of Management and Budget (OMB), in consultation with the Assistant to the President for Policy Development, the Secretary of the Treasury, the Attorney General, and other concerned agencies, to develop and submit to the Congress within 180 days a plan which: (1) provides for the consolidation of border and entry inspection functions of the U.S. Customs and Immigration and Naturalization Services; and (2) sets forth a comprehensive border management policy. Makes such plan effective 60 days after submission to the Congress, unless disapproved during such period by a joint resolution. Requires completed implementation of such plan within one year of submission. Title II: Employee Overtime Compensation and Reimbursement - Amends specified Federal laws relating to overtime compensation for the U.S. Customs Service, the Immigration and Naturalization Service, and the Animal and Plant Health Inspection Service. Title III: Effective Date - Makes the provisions of this Act effective upon enactment.
United States · United States Congress · 11 March 1987
Cancer Patients' Employment Rights Act - Makes it an unlawful employment practice for an employer, because of an individual's cancer history, to: (1) fail or refuse to hire or to discharge the individual, or to otherwise discriminate against the individual with respect to compensation, terms, conditions, or privileges of employment; or (2) limit, segregate, or classify employees or applicants for employment in any way which would tend to deprive an individual of employment opportunities or otherwise adversely affect the individual's status as an employee. Makes it an unlawful employment practice for an employment agency to: (1) fail or refuse to refer for employment, or otherwise discriminate against, an individual because of the individual's cancer history; or (2) classify or refer for employment an individual on the basis of the individual's cancer history. Makes it an unlawful employment practice for a labor organization to: (1) exclude or to expel from its membership, or otherwise discriminate against, an individual because of the individual's cancer history; (2) limit, segregate, or classify its membership, or to classify or fail or refuse to refer an individual for employment because of the individual's cancer history; or (3) cause or attempt to cause an employer to discriminate against an individual. Makes it an unlawful employment practice for an employer, labor organization, or joint labor-management committee controlling an apprenticeship, training, or retraining program to discriminate against an individual because of the individual's cancer history in admission to, or employment in, such programs. Declares that it is not an unlawful employment practice to hire individuals on the basis of their cancer history in cases where cancer history is a bona fide occupational qualification. Declares it to be an unlawful employment practice for an employer to give and to act upon the results of a professionally developed ability test if such test is designed or used to discriminate because of cancer history. Provides that nothing in this Act shall be interpreted to require an employer, employment agency, labor organization, or joint labor-management committee to grant preferential treatment to an individual or group because of the individual's or group's cancer history for the purpose of certain numerical comparisons. Describes other unlawful employment practices with respect to individuals with a cancer history, including: (1) retaliation; (2) published job notices; (3) medical examinations and medical information; and (4) reasonable accommodations for such individuals. Requires all personnel actions in the following government entities to be made free from discrimination based on cancer history: (1) military departments; (2) executive agencies; (3) the United States Postal Service and Postal Rate Commission; (4) units of the District of Columbia government having positions in the competitive service; and (5) units of the judicial branch having positions in the competitive service. Empowers the Equal Employment Opportunity Commission to enforce this Act and to make investigations and require recordkeeping as appropriate.
United States · United States Congress · 10 March 1987
Aircraft Collision Avoidance Act of 1987 - Amends the Federal Aviation Act of 1958 to require that civil aircraft with a maximum passenger capacity of more than 30 seats be equipped with a collision avoidance system developed by the Federal Aviation Administration (TCAS-II). Mandates that an altitude-encoding transponder be installed on each civil aircraft operating in a high traffic density area if such aircraft is not required to be equipped with the TCAS-II. Directs the Administrator of the Federal Aviation Administration to complete, as soon as possible, the research, development, and certification of the collision avoidance system known as TCAS-III. Authorizes appropriations.
United States · United States Congress · 10 March 1987
Designates April 4, 1987, as National Catfish Day.
United States · United States Congress · 5 March 1987
Merchant Marine Decorations and Medals Act - Authorizes the Secretary of Transportation to award decorations and medals for individual acts or service in the U.S. merchant marine. Permits the Secretary of Transportation to award: (1) a Merchant Marine Distinguished Service Medal for outstanding acts beyond the line of duty; (2) a Merchant Marine Meritorious Service Medal for meritorious acts, but lacking the outstanding character required for the Merchant Marine Distinguished Service Medal; (3) a decoration or medal for service during a war or operations outside the United States under conditions of danger to life; and (4) a decoration or medal to an individual for acts of conspicuous gallantry. Permits the Secretary of Transportation to issue a Gallant Ship Award for actions during marine disasters aimed at saving lives or property. Requires consultation with the Secretary of State before issuance of an award or citation to a foreign-flag vessel. Prohibits the Secretary of Transportation from awarding more than one of any type of decoration or medal to an individual. Authorizes the Secretary of Transportation to provide at cost or authorize for manufacture and sale at reasonable prices: (1) decorations an medals for individual acts or service in the merchant marine; and (2) replacements for decorations and medals issued under a prior law. Permits the Secretary of Transportation to issue without cost a U.S. flag and a grave marker to the family of a deceased individual who served in the merchant marine in World War II or in support of the armed forces in subsequent wars or national emergencies. Establishes a civil penalty of $2,000 for unauthorized display, manufacture, possession, or sale of a decoration or medal. Repeals the Merchant Marine Medals Act.
United States · United States Congress · 5 March 1987
Child Protection Act of 1987 - Amends the Racketeer Influenced and Corrupt Organizations (RICO) Statute to extend its coverage to the sexual exploitation of children. Allows any person injured personally or in his business or property by such violations to bring a civil suit for treble damages. Amends the Federal criminal code to require a mandatory life sentence in kidnapping offenses involving the murder of a minor. Establishes mandatory minimum sentences for the sexual exploitation of minors. Provides that the period of any applicable limitation for the commencement of prosecution for certain offenses involving the sexual exploitation of children shall not begin until the child has reached the age of 18 years. Directs the Attorney General to submit a report to the Congress detailing possible changes in the Federal Rules of Evidence, the Federal Rules of Civil Procedure, the Federal Rules of Criminal Procedure, and other procedures which would facilitate the participation of child witnesses in cases involving child abuse and sexual exploitation. Directs the Attorney General to modify the classification system used by the National Crime Information System and the Federal Bureau of Investigation with respect to offenses involving the sexual exploitation of children by: (1) including the age of the victim and the relationship of the victim to the offender; and (2) using a uniform definition of a child.
United States · United States Congress · 5 March 1987
Directs the President to designate May 1987 as Older Americans Month.
United States · United States Congress · 5 March 1987
Establishes the House of Representatives Classified Information Security Office to assure protection of classified information in the custody of Members, officers, and employees of the House that is equivalent to the protection required for such information in the executive branch. Directs the Office to: (1) assist the Permanent Select Committee on Intelligence in preparing a classified information security manual; (2) receive, transmit, store, and dispose of classified information; (3) assist departments and agencies in processing House requests for access to classified information and in presenting briefings on security procedures; and (4) maintain centralized records identifying officers and employees who have access to classified information. Requires congressional approval by resolution of the classified information security manual.
United States · United States Congress · 5 March 1987
Expresses the sense of the Congress that: (1) the promotion of unrestricted family visits between related people of the United States and the Soviet Union is an essential part of American policy toward the Soviet Union; and (2) the President, the Secretary of State, and other administration members should raise the issue of family visitation at all appropriate opportunities in discussions with leaders of the Communist Party and the Government of the Soviet Union.
United States · United States Congress · 5 March 1987
Expresses the sense of the Congress that the United Nations, and in particular the Human Rights Commission, should include among its highest priorities of its human rights agenda consideration of the question of human rights in Cuba.
United States · United States Congress · 4 March 1987
Amends the Tariff Schedules of the United States to provide a duty on fresh and concentrated grapefruit juice.
United States · United States Congress · 4 March 1987
Amends the Internal Revenue Code to allow a standard deduction of an additional amount for a taxpayer or the spouse of the taxpayer if the taxpayer or spouse is a paraplegic, a quadriplegic, a hemiplegic, an amputee, or a deaf person at the close of the taxpayer's taxable year. Requires the taxpayer to furnish proof of such condition in such form and manner, and at such times, as prescribed by regulations.
United States · United States Congress · 4 March 1987
Designates the honeybee as the national insect of the United States.
United States · United States Congress · 4 March 1987
Expresses the sense of the Congress that the President should negotiate an agreement with Japan providing that Japan pay the United States an annual security fee equal to two percent of Japan's gross national product to compensate the United States for expenditures made pursuant to the United States/Japanese Treaty of Mutual Cooperation and Security.
United States · United States Congress · 3 March 1987
Prohibits Federal restrictions requiring the hunting of migratory birds using steel shot, unless a State adopts such restrictions itself.
United States · United States Congress · 3 March 1987
Assimilative Crimes Act Amendments of 1987 - Amends the Federal criminal code to provide that the criminal penalty for operating a motor vehicle under the influence of a drug or alcohol in a special maritime or territorial jurisdiction of the United States shall be the punishment provided under the law of that State, territory, possession, or district. States that whoever operates a motor vehicle in such a jurisdiction consents to certain tests if arrested for driving under the influence of a drug or alcohol. States that any person refusing to submit to such tests shall be denied the privilege of operating a motor vehicle for one year.
United States · United States Congress · 3 March 1987
Amends the Foreign Assistance Act of 1961 to authorize additional appropriations for FY 1988 and 1989 for the Child Survival Fund.
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
Designates June 14, 1987, as Baltic Freedom Day. Expresses disapproval of the refusal of the U.S.S.R. to recognize the sovereignty of the Baltic Republics.
United States · United States Congress · 25 February 1987
Designates the month of May 1987 as National Asthma and Allergy Awareness Month.
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 · 23 February 1987
Amends the Internal Revenue Code to prohibit the transfer or other disclosure of taxpayer information by return preparers in conjunction with the sale of the business of preparing tax returns, unless the taxpayer consents in writing to such transfer or other disclosure.
United States · United States Congress · 19 February 1987
Amends the Perishable Agricultural Commodities Act of 1930 to make it unlawful to fail to mark any perishable agricultural commodity as to its State, country, or region of origin. Increases the penalty from $2,000 to $50,000 for such labeling or misrepresentation violations.
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
Arctic Coastal Plain Leasing Act of 1987 - Directs the Secretary of the Interior to implement a competitive oil and gas leasing program for the Coastal Plain of the Arctic National Wildlife Refuge. States that this Act shall be considered the primary land management authorization for all exploration and production activities on the Coastal Plain. Provides that no land management review shall be required except as specifically authorized by this Act. Mandates that all receipts from sales, rentals, bonuses, and royalties on leases under this Act be deposited into the Treasury. Directs the Secretary to promulgate regulations to ensure that oil and gas exploration and transportation activities are conducted to achieve the reasonable protection of animal and environmental resources (including subsistence uses of the Coastal Plain). States that the "Arctic National Wildlife Refuge, Alaska, Coastal Plain Resource Assessment," prepared by the Secretary, satisfies all legal requirements for the promulgation of such regulations, and that no further studies or assessments shall be required prior to Federal action. Directs the Secretary to provide impact aid and other assistance to communities on the North Slope and elsewhere in Alaska in order to ensure the public services needed to accommodate oil and gas production and transportation activities on the Coastal Plain.
United States · United States Congress · 11 February 1987
Amends the Internal Revenue Code to allow a charitable contribution income tax deduction for amounts paid to or for the benefit of an institution of higher education in cases where the taxpayer receives the right to seating or the right to purchase seating for athletic events at such institution.
United States · United States Congress · 10 February 1987
Promotion of Democracy in Angola Act of 1987 - Prohibits the United States or any U.S. person from making a loan or other extension of credit to Angola or to any organization owned or controlled by Angola. Exempts loans or credits for which an agreement is entered into before enactment of this Act. Directs the President, 90 days after enactment of this Act, to issue regulations prohibiting any U.S. person from making any investment in Angola. Exempts: (1) certain loans and extensions of credit; (2) investments of earnings from a business in Angola established before enactment of this Act which are made in that business; and (3) the purchase on a registered national securities exchange of securities in such a business. Amends the Foreign Assistance Act of 1961 to add Angola to the list of communist countries which may not receive assistance under such Act. Prohibits imports from, and exports to, Angola, except for exports of international disaster relief assistance. Directs the President to provide for enforcement of this Act. Imposes penalties for violations of this Act. Requires the provisions of this Act to terminate if the President certifies to the Congress that Angola: (1) is making a concerted and significant effort to comply with internationally recognized human rights; (2) has entered into discussions with its non-communist opposition; (3) has established certain laws; (4) has held free and fair elections by November 1, 1988; and (5) all troops from communist countries have withdrawn from Angola.
United States · United States Congress · 10 February 1987
Thrift Forbearance and Supervisory Reform Act - Amends the Home Owners' Loan Act of 1933 to authorize a qualified Federal savings and loan association to amortize on its financial statements over five to ten years any loss it would otherwise be required to reflect in its financial statement for a calendar year through 1991. Defines a "qualified association" as any association: (1) that is located in a region which the Federal Home Loan Bank Board has designated as economically depressed; or (2) if a significant portion of all the loans held by such association are loans to borrowers in such regions or loans secured by real property in such regions. Directs the Board to allow an association which engages in troubled debt restructuring involving only modification of the terms of the original debt instrument, under certain conditions and to the extent consistent with generally accepted accounting principles, to: (1) account for the effects of the debt restructuring prospectively; and (2) continue to account for such association's investment in the original debt instrument in the amount recorded before such restructuring. Requires the Board to prescribe regulations that: (1) require accurate disclosure of the status of such troubled debt restructuring in the association's reports of condition; and (2) may provide for the classification of restructured assets as "Restructured and in Compliance with Modified Terms." Provides that any Board regulation which prescribes procedures and standards for appraising the value of association loans for accounting purposes, classifying association loans, or establishing reserves or allowances for possible losses on association loans shall not be effective to the extent it is inconsistent with generally accepted accounting principles. Prohibits the Board from implementing or enforcing any such standard or procedure not promulgated by regulation. Requires any amount which an association holds as a general or unallocated reserve or allowance for possible loan losses to be treated as capital for purposes of determining regulatory capital and regulatory net worth for such association. Amends the National Housing Act to make the same amendments with respect to the Federal Savings and Loan Insurance Corporation (FSLIC) and FSLIC-insured institutions. Amends the Federal Home Loan Bank Act to direct the Board to establish a procedure under which and association, insured institution, or member institution may appeal for and obtain a review by the principal supervisory agent for its Federal home loan bank district of any determination by any examiner or other employee of the Board, the FSLIC, or the Federal Home Loan Bank for such district concerning the appraisal of an association's or institution's loan, the classification of a loan, or any requirement to establish or add to a reserve or allowance for a possible loss on any loan. Requires such procedures to provide for the appointment by the supervisory agent, at the request of the association or institution, of a panel of independent arbiters who shall review the appealed determination and report its recommendations to the supervisory agent. Requires the requesting association or institution to pay all panel expenses. Requires the Board to establish procedures for periodically reviewing the regulations prescribed by the Board and the FSLIC and the regulatory responsibilities shared by the Board, the FSLIC, and the Federal Home Loan Banks to ensure that the Board's overall regulatory structure remains responsive and sufficiently coordinated under changing conditions. Directs the Board to ensure that: (1) associations and institutions have the flexibility to renegotiate acquisition, development, and construction loans without incurring unnecessary regulatory delays in receiving approval or having such renegotiated loans treated as new loans for regulatory purposes if such treatment would not be required under generally accepted accounting principles; (2) examiners and other employees of the Board, the FSLIC, and the Federal Home Loan banks have sufficient flexibility in classifying loans held by the institutions they supervise to take into account differences in the types of institutions, the types of loans examined, and local economic conditions; and (3) such examiners and employees have sufficient flexibility to take into account other sources of credit of a borrower, in addition to the financial assets pledged to secure a loan, in classifying the assets of the institution holding the loan. Authorizes the Board to allow such supervisory agents to waive the requirement that any loan renegotiation be approved by such an agent, if a supervisory agreement between the appropriate Federal Home Loan Bank and the association or institution, which provides adequate guidelines for such renegotiations, is in effect at the time of the renegotiation. Directs the Board to establish guidelines for determining when a reappraisal of property shall be required upon any foreclosure on such property by an association or institution. Requires the Board to prohibit the amount of any association or institution loan, secured by real property, for the acquisition, development, or construction of commercial real estate, from exceeding the lesser of: (1) the sum of the appraised value of such property at the time the loan is made and the expected value of improvements to be financed by the loan; or (2) the sum of the purchase price of the property, the aggregate amount of expenditures incurred by the borrower for property improvements as of the time the loan is made, and the expected aggregate amount of expenditures to be incurred for improvements and financed with loan proceeds. Provides for the waiver of such limitation for certain property. Provides that the estimated expenditures and receipts of the FSLIC 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 the FSLIC, the Financial Institutions Examination Council, the Federal Reserve Board, Federal reserve banks, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency from fiscal, budget, appropriation, and fund apportionment requirements. Excludes the FSLIC and its officers and employees from coverage under the civil service laws. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to exempt FSLIC funds from reduction under any sequestration order. Provides that the number of employees of the FSLIC shall not be subject to any limitation imposed by any executive branch officer outside such agency. Directs the FSLIC to: (1) establish a procedure for transferring officers or employees out of the civil service in response to changes made by this Act and for compensating such employees for resulting losses in rights or benefits; and (2) take appropriate steps to establish health, welfare, retirement, and other benefit programs for employees and their dependents. Subjects the FSLIC to audits by the Comptroller General. Establishes the FSLIC as a mixed-ownership Government corporation (currently listed as a wholly-owned Government corporation). Directs the Board to: (1) study the feasibility of establishing an asset acquisition corporation as a subsidiary of the Federal Assets Disposition Association to relieve thrift institutions of the burden of holding and maintaining real estate assets by acquiring such assets in exchange for debt securities; and (2) report its findings and appropriate legislative recommendations to specified congressional committees within four months after enactment of this Act.
United States · United States Congress · 10 February 1987
Authorizes and requests the President to designate the first Sunday in June of each year as National Shut-In Day.
United States · United States Congress · 9 February 1987
Amends the Omnibus Crime Control and Safe Streets Act to increase from $50,000 to $100,000 the amount of benefits paid to public safety officers (law enforcement officers and fire fighters) who die as a result of an injury sustained in the line of duty. Removes the requirement that parents be dependents of the deceased in order to receive such benefits.
United States · United States Congress · 5 February 1987
H.U.D. Income Verification Act of 1987 - Authorizes the Secretary of Housing and Urban Development to require Department of Housing and Urban Development (HUD) program applicants or participants to: (1) disclose their social security or employer identification numbers; and (2) consent to wage information verification. Amends the Social Security Act to provide HUD with access to State employment records. Requires Federal, State, local, or public housing administering agencies to independently verify such information before terminating or reducing any housing benefits. Establishes criminal and civil penalties for misuse of such information.
United States · United States Congress · 5 February 1987
Directs the Secretary of Health and Human Services to contract for 30 demonstration projects providing Medicare (title XVIII of the Social Security Act) coverage for personal emergency response systems. Requires each personal emergency response system to include: (1) communication equipment located in the home which transmits signals for emergency medical assistance over the telephone; (2) a local response center which monitors such signals and is operated by an agency which offers medical, public safety, or similar services as its primary function; and (3) medical personnel or other persons who provide emergency medical assistance upon notification by the local response center of a Medicare participant's need for such assistance. Directs the Secretary to evaluate such projects and transmit a report to the Congress by July 1990 which includes legislative recommendations concerning the efficiency and economic feasibility of providing Medicare coverage for such systems. Authorizes appropriations for FY 1988 and 1989.
United States · United States Congress · 5 February 1987
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide for the payment of widow's, widower's, mother's, or father's insurance benefits to an otherwise eligible person who would qualify for such benefits as the insured individual's widow or widower, by reason of having lived as that individual's spouse at the time of that individual's death, except for the fact that, at the time of their marriage, such individual already had a legal spouse of whose existence such person was unaware. Prorates such benefits between the widow or widower with whom the insured individual was living at the time of death and another widow or widower on the basis of the relative time each lived with the insured individual as his or her spouse.
United States · United States Congress · 5 February 1987
Expresses the sense of the Congress that the Securities and Exchange Commission should use its authority to preserve the one share, one vote rule on the New York Stock Exchange (NYSE) and to modify the rules of other exchanges so that the NYSE will not be placed at a competitive disadvantage.
United States · United States Congress · 5 February 1987
Expresses the sense of the Congress that the President should: (1) seek to reconvene the Seventeenth Meeting of Consultation of Ministers of Foreign Affairs of the Organization of American States in order to obtain a renewed commitment to the immediate replacement of the Nicaraguan regime, installation of a democratic government in Nicaragua, guarantee of human rights to all Nicaraguans, and the holding of free elections; (2) make unmistakable the U.S. commitment to help the Nicaraguan people achieve their democratic aspirations; and (3) recognize the Nicaraguan resistance as a legitimate force for the democratization of Nicaragua.
United States · United States Congress · 4 February 1987
Grants a Federal charter to the National Mining Hall of Fame and Museum.