United States · United States Congress · 4 February 1987
Public Safety Officers' Death Benefits Amendments of 1987 - Amends the Omnibus Crime Control and Safe Streets Act of 1968 to increase from $50,000 to $100,000 the benefits paid to survivors of public safety officers (law enforcement officers and fire fighters) who died as a result of injury sustained in the line of duty. Directs the Bureau of Justice Assistance to adjust public safety officer death benefits to reflect the annual change in the Consumer Price Index. Makes the date of death the determining date with respect to the amount payable to beneficiaries.
United States · United States Congress · 4 February 1987
Directs the Secretary of Health and Human Services to establish a program to educate Medicare (title XVIII of the Social Security Act) beneficiaries regarding: (1) the availability, costs, and financing of long-term health care policies; and (2) coverage limitations under Medicare and Medicare supplemental policies (private health benefit plans covering gaps in Medicare coverage). Sets forth authorized elements of such program, including efforts directed toward long-term health care insurers and providers to facilitate private financing of such care. Requires the Secretary to develop a final plan to implement the program by 1988. Sets forth reporting requirements.
United States · United States Congress · 4 February 1987
Health Care Savings Account Act of 1987 - Amends the Internal Revenue Code to permit individuals (employees or self-employed individuals) and employers to contribute to health care savings accounts. Limits the amount which may be contributed to a health care savings account each year to no greater than the combined amount of employee and employer hospital insurance (Medicare) payroll tax paid during that year. Provides that the employee or self-employed individual and the employer will each receive a 60 percent tax credit for their respective portion of their hospital insurance payroll tax paid. Provides that a health care savings account shall be exempt from income taxes, except for the tax on certain unrelated business income, and except where such account: (1) engages in prohibited transactions; or (2) is used to pledge as security for a loan. Excludes from gross income of the distributee amounts distributed from a health care savings account provided that these funds are used for eligible medical expenses while the individual is eligible for Medicare. Permits the tax-free rollover of contributions from one health care savings account to another for the benefit of the distributee. Imposes a penalty of ten percent of the amount of any early distributions from a health care savings account. Provides that no amount distributed out of a health care savings account may be taken as a medical expense deduction. Imposes a tax on any excess contributions to such accounts. Imposes a penalty tax on prohibited transactions involving a health care savings account. Imposes a five percent tax on distributions from a health care savings account in the taxable year which reduces the level of all such accounts with respect to the distributee below the total value of health care savings account tax credits for the distributee. Provides exceptions for certain distributions. Imposes a 100 percent tax on such distributions if the distributions are not corrected within the taxable period. Imposes a 50 percent excise tax on the difference between the value of a decedent's health care savings account at the time of death and the amount contributed into the spouse's health care savings account at the time of, and on account of, such death. Establishes certain penalties for failure to file required reports with respect to health care savings accounts. Amends title XVIII (Medicare) of the Social Security Act to provide that in the case of an individual who has established a health care savings account, the total amount of any Medicare benefits which will be paid with respect to the individual will be reduced by a health care savings account-related deductible for the year. Provides that this deductible amount will be equal to 60 percent of the amount of medical-related expenditures that could be reasonably underwritten (by an insurance company) for the average Medicare beneficiary assuming that the annual premium will equal the health care savings account annuity. Provides special rules for individuals who cannot obtain insurance to cover their added deductible at the standard premium rates. Provides that these high cost insurance beneficiaries' added deductible is reduced by a proportion reflecting 80 percent of the excess premium required above the standard rate, except that the deductible may not drop below 120 percent of the individual's health care savings account annuity amount. Provides that the health care savings account-related deductible and the annuity amount shall be recalculated upon the qualification of a younger spouse for Medicare. Establishes catastrophic health care expense protection for certain individuals qualifying for Medicare protection. Requires such individuals to have contributed at least one-third of the maximum amount possible over the course of their careers into a health care savings account and at least $100 (indexed for inflation) or 50 percent of the maximum contribution per year, whichever is greater, in ten individual years. Treats surviving spouses without a separate health care savings account as eligible for the catastrophic coverage if the deceased spouse was formerly eligible for catastrophic coverage and the surviving spouse rolls 100 percent of the health care savings account of the deceased spouse into a health care savings account.
United States · United States Congress · 4 February 1987
Home Equity Conversion Mortgage Insurance Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure a home equity conversion mortgage and to make commitments for the insurance of such mortgages prior to the date of their execution or disbursement if such mortgages: (1) may improve the financial situation or otherwise meet the needs of elderly homeowners; (2) can be developed to include safeguards for mortgagors to offset the special risks of such mortgages; and (3) have a potential for acceptance in the private market. Includes among insurance eligibility requirements that the mortgage shall: (1) have been made and held by a mortgagee approved by the Secretary; (2) have been executed by an elderly homeowner; (3) be secured by a one-family residential dwelling occupied by the mortgagor; (4) able to be prepaid without penalty; and (5) have a capped interest rate. Sets forth required mortgage disclosure and mortgagor information service provisions, including the provision of alternate home equity conversion options and related tax and financial information. Prohibits the Secretary from insuring a mortgage pursuant to this Act after September 30, 1991. Sets the total number of insurable mortgages under this Act at 2,000. Permits the Secretary to take any action necessary to provide a mortgagor with funds due pursuant to an insured mortgage or ancillary contract which have not been paid by the party responsible and to obtain reimbursement of such payments from any source. Prohibits the Secretary from insuring a home equity conversion mortgage that does not provide specified safeguards to prevent the displacement of the homeowner. Requires the Secretary to provide the Congress with two specified interim program reports.
United States · United States Congress · 2 February 1987
Requires that each State establish and maintain an approved workfare program as a condition of its eligibility for Federal payments or other assistance under the: (1) program under part A (Aid to Families with Dependent Children) of title IV of the Social Security Act; (2) food stamp program under the Food Stamp Act of 1977; and (3) public housing and assisted housing programs under the United States Housing Act of 1937. Requires that such State workfare program shall require every State resident applying for or receiving aid under such Federal public assistance programs to perform work in return for, and as a condition for, such aid. Directs the appropriate Federal agencies to promulgate guidelines for approval, supervision, and oversight of such State workfare programs. Exempts from required participation in such programs those who are: (1) under age 18 or over age 65; (2) disabled; (3) regularly employed for at least 40 hours a week; or (4) primarily responsible for the care of a child less than three years old (or for the care of a child more than two but less than six years old if suitable child care is not available at reasonable cost). Requires that each State workfare program must provide that if any individual who is required to participate in such program refuses to accept a bona fide offer of qualified employment or to perform qualified employment, in any month, neither such individual nor any other person in the family or household of which such individual is a member shall be eligible to receive any aid under such Federal public assistance programs for that month. Requires that State workfare programs include provision for job counseling, assistance in obtaining employment outside the program, and job search activities. Provides for: (1) Federal matching funds to cover administrative costs of such State programs; (2) Federal cut-offs of funds to State agencies for failure to comply with this Act; and (3) Federal agency reports to the Congress on such State programs. Authorizes appropriations.
United States · United States Congress · 2 February 1987
Volunteer Protection Act of 1987 - Prescribes circumstances under which volunteers working for nonprofit organizations or government entities shall be immune from personal civil liability. Requires each State to certify to the Secretary of Health and Human Services before the beginning of each fiscal year (commencing with FY 1989) that it has enacted or has in effect a State law which provides such immunity. Requires the Secretary to reduce by one percent the fiscal year allotment which would otherwise be made to such State to carry out the Social Services Block Grant Program under title XX of the Social Security Act if such law is not in effect.
United States · United States Congress · 28 January 1987
Amends the Tax Reform Act of 1986 to delay until December 31, 1988 (currently, December 31, 1986) the exception for certain technical personnel from certain rules for determining whether an individual is an employee or independent contractor for employment tax purposes.
United States · United States Congress · 27 January 1987
Pet Protection Act of 1987 - States that any person using for any research purpose any animal acquired directly or indirectly from any animal shelter shall not be eligible to receive Federal funds under any grant or research protocol of the National Institutes of Health.
United States · United States Congress · 22 January 1987
Preborn Children's Civil Rights Act of 1987 - Prohibits the use of Federal funds to perform, promote, or do research on any procedure to take the life of a preborn child (except for medical procedures required to prevent the death of either the pregnant women or her preborn child). Prohibits the Federal Government from entering into any contract for insurance which provides for payment or reimbursement for abortion services. States that no institution receiving Federal financial assistance shall: (1) discriminate against any employee, applicant, or student on the basis of that person's opposition to abortion; or (2) require any employee or student to participate, directly or indirectly, in abortion procedures, counseling, or an insurance program which includes abortion coverage. States that attorney's fees shall not be allowed in any civil action involving a law prohibiting or restricting abortions. Provides for Supreme Court review of lower court decisions which declare State and local anti-abortion statutes unconstitutional.
United States · United States Congress · 22 January 1987
Amends the Uniform Code of Military Justice to provide that no person may be sentenced to death by a court-martial unless all the members of the court-martial concur in such sentence. Allows a sentence of death only if the members of the court-martial find, beyond a reasonable doubt, one or more of the following aggravating factors: (1) that the offense was committed in the presence of the enemy; (2) that the accused intended to cause a grave risk of substantial damage to national security or a mission of the United States; (3) that the offense actually caused substantial damage to U.S. national security (whether intended or not); (4) that the accused knowingly created a grave risk of death to one or more persons in addition to the victim of the offense; (5) that the accused committed the offense with the intent to avoid hazardous duty; (6) that (for certain offenses) the offense was committed in a time of war and in engaged or occupied territory; (7) that (for certain offenses) the accused was serving a sentence of 30 years or more, was committing specified crimes or was fleeing after the commission of such crimes, was committing the offense for specified purposes, or that the victims of such crimes were specified high-ranking officials or public servants; (8) that (for certain offenses) the accused was the actual perpetrator of the killing; (9) that (for certain offenses) the victim was under age 12 or the accused maimed or attempted to kill such victim; (10) that a sentence of death is authorized for such offense; (11) that the accused has previously been convicted of an offense involving espionage or treason; or (12) that the offense involved such other factors as may be prescribed by the President. Outlines instructions to be given to members of the court-martial by the military judge in such a capital punishment case. Requires members of the court-martial to vote by secret ballot in closed session. Directs the president of the court-martial, if a sentence of death is adjudged, to announce which aggravating factor(s) was found by the members.
United States · United States Congress · 22 January 1987
Authorizes the President, on behalf of the Congress, to present a gold medal to Joe Kittinger in recognition of his accomplishments as an aviation pioneer. Authorizes appropriations. Authorizes the Secretary of the Treasury to provide for the sale of bronze duplicates of the medal.
United States · United States Congress · 22 January 1987
Tax Exemption Equity Act of 1987 - Amends the Internal Revenue Code to deny status as a tax-exempt organization to organizations which directly or indirectly perform or finance abortions. Denies the income, estate, and gift tax charitable contribution deductions for amounts contributed to such organizations.
United States · United States Congress · 22 January 1987
Expresses the sense of the Congress that: (1) no Medicare (title XVIII of the Social Security Act) physician payment methodology should be implemented which is based on hospital discharge classifications or requires mandatory assignment; and (2) no drastic change in the Medicare physician payment methodology should be undertaken without the receipt of reports required by legislation enacted in the 99th Congress and a detailed analysis of the long-range impact of such change on the provision of health care.
United States · United States Congress · 21 January 1987
Amends the Federal Railroad Safety Act of 1970 to direct the Secretary of Transportation to review existing regulations governing alcohol and drug use in railroad operations for the purpose of determining whether they are adequate to ensure safety. Sets forth the criteria for such review. Amends the Federal Aviation Act of 1958 to direct the Administrator of the Federal Aviation Administration (FAA) to prescribe regulations establishing a program which requires air carriers, contract carriers, and foreign air carriers to conduct pre-employment testing (as well as periodic recurring and post-accident testing) of airmen and crewmembers upon a reasonable suspicion that they have used alcohol or a controlled substance without lawful authorization. Requires the Administrator to establish such a program applicable to FAA employees whose duties include direct responsibility for flight safety operations. Directs the Administrator to require random testing as part of the testing program for air carriers. Prohibits any air carrier from permitting any individual determined to have used alcohol or a controlled substance without lawful authorization from serving as an airman or crewmember unless such individual has completed a substance abuse rehabilitation program. Requires air carriers to establish and maintain such a rehabilitation program for the identification and opportunity for treatment of airmen and crewmembers who need assistance in resolving substance abuse problems. Requires the Administrator to establish and maintain such a rehabilitation program for FAA employees whose duties include direct responsibility for flight safety operations, and who need assistance in resolving substance abuse problems.
United States · United States Congress · 21 January 1987
Constitutional Amendment - Prohibits a person who has been elected to: (1) the Senate two times from being eligible for election or appointment to the Senate; and (2) the House of Representatives six times from being eligible for election to the House.
United States · United States Congress · 21 January 1987
Constitutional Amendment - Provides for staggered four-year terms for Members of the House of Representatives. Prohibits persons from being elected to the House more than four times or more than three times to four-year terms. Prohibits persons from being elected to the Senate more than twice.
United States · United States Congress · 20 January 1987
Amends titles II (Old Age, Survivors and Disability Insurance) and XVI (Supplemental Security Income) of the Social Security Act to treat multiple sclerosis victims as permanently disabled and eligible for disability benefits under such titles regardless of their ability to engage in substantial gainful activity.
United States · United States Congress · 8 January 1987
Authorizes the President, on behalf of the Congress, to present a gold medal to Andrew Wyeth in recognition of his contributions to American art and culture. Authorizes appropriations. Authorizes the Secretary of the Treasury to sell bronze duplicates of the medal.
United States · United States Congress · 8 January 1987
Promotion of Democracy in Ethiopia Act of 1987 - Declares U.S. policy: (1) regarding human rights and opportunities; (2) condemning the resettlement program and human rights abuses in Ethiopia; (3) calling for human and civil rights and for free elections in Ethiopia; and (4) supporting democratic resistance forces in Ethiopia. Requires such sanctions imposed by this Act against Ethiopia to terminate if the President certifies to the Congress that Ethiopia: (1) respects the human rights of its people; (2) has granted basic civil rights to its people; (3) has terminated and dismantled its resettlement program; (4) has freed all political prisoners; (5) has established a legal system that assures the participation of all its people; and (6) has held or scheduled free and fair elections. Directs the President to report to the Congress every six months on the progress Ethiopia has made in meeting such conditions. Prohibits coffee imports from Ethiopia. Prohibits any U.S. national: (1) from making a loan or extending credit to Ethiopia or to any organization owned or controlled by Ethiopia; and (2) from making any new investment in Ethiopia. Exempts from such prohibitions loans and investments made before enactment of this Act. Prohibits Ethiopia from receiving nondiscriminatory (most-favored-nation) trade treatment. Directs the Secretary of the Treasury to instruct the U.S. Executive Director to each of the relevant international financial institutions to oppose furnishing aid to Ethiopia. Provides for enforcement of this Act. Imposes penalties for violations of this Act.
United States · United States Congress · 8 January 1987
Amends the Internal Revenue Code to allow the use of distributions from individual retirement accounts and individual retirement annuities for the purchase, construction, or reconstruction of a principal residence by a first-time homebuyer. Reduces the basis of the dwelling by the amount of the distribution if the distribution is not includible in gross income.
United States · United States Congress · 8 January 1987
Authorizes the President, on behalf of the Congress, to present a gold medal to Joe Kittinger in recognition of his accomplishments as an aviation pioneer. Authorizes appropriations. Authorizes the Secretary of the Treasury to provide for the sale of bronze duplicates of the medal.
United States · United States Congress · 8 January 1987
Amends the Internal Revenue Code to allow an income tax deduction for interest paid or incurred on a qualified educational loan. Defines "qualified educational loan" as any indebtedness incurred to pay the educational expenses of the taxpayer or the taxpayer's spouse or dependent. (Present law requires that such a loan be secured by an interest in real property.)
United States · United States Congress · 8 January 1987
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that a beneficiary shall be entitled to a prorated benefit for the month in which he or she dies.
United States · United States Congress · 8 January 1987
Depository Institution Examination Improvement Act of 1987 - Redesignates the Financial Institutions Examination Council as the Depository Institutions Examination Council. Directs the Council to prepare guidelines for the Federal depository institutions regulatory agencies to ensure adequate compensation for living and travel expenses for any Federal examiner who is temporarily assigned outside of a regular region of employment. Provides that the estimated expenditures and receipts of the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (FDIC), the Federal Home Loan Bank Board (FHLBB), the Federal Savings and Loan Insurance Corporation (FSLIC), and the National Credit Union Administration (NCUA) included in the annual Federal budget submitted to the Congress by the President shall be submitted to the President before October 16 of each year and included in the President's budget without change. Exempts such entities from fiscal, budget, appropriation, and fund apportionment requirements. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to exempt funds of such entities from reduction under any sequestration order. Provides that the number of employees of a Federal depository institutions regulatory agency shall not be subject to any limitation imposed by any executive branch officer outside such agency. Subjects the FHLBB, the Federal Home Loan Banks, the FSLIC, and the NCUA to audits by the Comptroller General. Establishes the FSLIC as a mixed-ownership Government corporation (currently listed as a wholly-owned Government corporation). Repeals specified authority of the Secretary of the Treasury to approve bank examiner appointments and bank examination assessments by, and to appoint staff of, the Comptroller of the Currency. Directs the Council to: (1) develop a proposal for consolidating all Federal examiner training programs in one school to be established and conducted by the Council; and (2) report to specified congressional committees on its findings, legislative recommendations, and the savings to the regulatory agencies that would result from such consolidation. Requires the Council to: (1) study the feasibility of establishing a graduate degree program in financial management analysis for officers and employees of the regulatory agencies and the State depository institutions supervisory agencies (State agencies); and (2) report to specified congressional committees on its findings, legislative recommendations, the cost of establishing and conducting the program, and on the approval or disapproval by each regulatory agency of the Council's proposal for such program. Requires the Council to establish minimum requirements for examinations of depository institutions by State agencies in order for such an examination to be acceptable for purposes of Federal law. Prohibits such requirements from exceeding the minimum standards in effect for Federal examiners. Directs the Council: (1) at least annually, to request each State agency which examines institutions subject to Federal examination to allow the Council to review its examination methods; (2) to notify a State agency if its examination methods do not satisfy such minimum requirements and allow the agency not more than three years to cure any deficiency; and (3) to notify each Federal regulatory agency if a State agency refuses to allow a review of its examination methods or fails to remedy any deficiency in its methods. Prohibits any Federal regulatory agency or any regional bank, branch, or other office of such Federal agency from relying on any report of examination by a State agency for which such a notice has been received to fulfill an examination requirement under Federal law. Permits the Council to limit the scope of a notice to: (1) a separate branch or department of a State agency which has authority to conduct examinations; or (2) a State agency's capacity to examine a particular type of depository institution. Requires the FDIC, FHLBB, FSLIC, and the NCUA Board to accept any report of examination made by a State agency which meets the minimum requirements as determined by the Council, or to notify the State agency of the reason for such entity's refusal to accept such agency report. Requires a demonstration project to be conducted under which the Federal Reserve Board and the FDIC, if they elect to participate, and the Office of the Comptroller of the Currency, the NCUA, the FHLBB, and the FSLIC shall establish and implement a system to provide employees compensation, including benefits, comparable to that received by their counterparts in the private sector. Requires each agency's compensation system to provide that: (1) covered positions will be classified by pay bands created by modifying the classes or grades currently applicable to such positions; (2) employees shall be evaluated using peer comparison and ranking; (3) each employee's basic pay rate shall be reviewed annually and shall be adjusted to prevent any increase in the deficiency between such rate and the pay for a comparable private sector position, if the employee's performance is rated at the fully successful level or higher; and (4) performance-recognition bonuses, recruitment and retention allowances, and differentials to compensate for regional differences in costs of living shall be awarded where appropriate. Directs each agency to provide for the preparation of reports on: (1) any deficiency in the overall average level of compensation provided for agency positions as compared to the overall average level of compensation generally provided for comparable positions in the private sector; and (2) the percentage by which basic pay for all agency positions must be increased each year to eliminate any increase in such deficiency. Requires each agency head to institute such increase and permits each agency to further increase pay rates to eliminate the entire deficiency. Prohibits any reduction in an employee's basic pay rate by reason of the establishment of such demonstration project. Requires the Office of Personnel Management to: (1) provide that the demonstration project shall be evaluated annually by a contractor; and (2) report the contractor's findings to specified congressional committees. Requires the Comptroller General, within four years after the date on which the project commences, to submit to such committees a final report on such project, including any recommendations for appropriate legislative or other action.
United States · United States Congress · 8 January 1987
Constitutional Amendment - Proclaims the English language to be the official language of the United States. Grants the Congress the power to enforce this article by appropriate legislation.
United States · United States Congress · 8 January 1987
Amends House Resolution 12, 100th Congress, agreed to January 7, 1987, to prohibit Members of the Select Committee to Investigate Covert Arms Transactions with Iran from voting by proxy.
United States · United States Congress · 7 January 1987
Full Credit Card Cost Disclosure Act - Amends the Truth in Lending Act to require that all credit card applications and solicitations include information regarding the annual interest rate, finance charge conditions, and other related charges and fees. Requires such information, as prescribed by the Board of Governors of the Federal Reserve System, to be prominently displayed in table form.
United States · United States Congress · 7 January 1987
Credit Repair Organizations Act - Amends the Consumer Credit Protection Act to prohibit any credit repair organization (any person who provides a service for the purpose of improving a consumer's credit record) from: (1) charging or receiving any money prior to the completion of its services (unless it has obtained a $50,000 surety bond); (2) charging or receiving money solely for the referral of a customer to a retailer if the credit which may be extended to the buyer is upon substantially the same terms as those available to the general public; (3) advising any client to make an untrue or misleading statement; and (4) using any untrue or misleading statement. Requires the organization to provide the consumer with a written disclosure statement which includes a description of: (1) the consumer's rights; (2) the services to be provided by the organization; and (3) the total amount the consumer will be charged. Sets forth contract requirements and the rights of the consumer with regard to cancellation of such contract. Subjects any organization which fails to comply with any provision of this Act to civil liability. Grants any appropriate U.S. district court jurisdiction in such actions (without regard to the amount in controversy). Provides a two year statute of limitations for such actions (unless the defendant has willfully misrepresented any information required under this Act). Provides for the administrative enforcement of this Act by the Federal Trade Commission, as provided in the Federal Trade Commission Act.
United States · United States Congress · 7 January 1987
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to remove the limitation on the amount of outside income which a beneficiary may earn without incurring a reduction in benefits.
United States · United States Congress · 6 January 1987
Authorizes the President, on behalf of the Congress, to present a gold medal to Mary Lasker in recognition of her humanitarian contributions in medical research and education, urban beautification, and the fine arts. Authorizes appropriations. Authorizes the Secretary of the Treasury to provide for the sale of bronze duplicates of the medal.
United States · United States Congress · 6 January 1987
Makes it a Federal offense, punishable by imprisonment for not more than ten years, for any person to intentionally donate blood, semen, or an organ if such person knows he: (1) has acquired immune deficiency syndrome (AIDS); (2) has had sexual relations with a male since 1977; (3) is an intravenous drug user; (4) has received a blood transfusion within the past year; (5) is a hemophiliac who has used a clotting factor; or (6) has engaged in prostitution since 1977.
United States · United States Congress · 6 January 1987
Requires any State receiving Federal funds for acquired immune deficiency syndrome (AIDS) counseling and education to: (1) have a system to trace the partners of individuals with AIDS; (2) test those individuals for AIDS; and (3) counsel those individuals about the infectious nature of the syndrome.
United States · United States Congress · 6 January 1987
Extends adverse action provisions of Federal law regarding Federal employees (concerning removal, suspension for more than 14 days, reduction in grade or pay, or furlough for 30 days or less) to Postal Service employees who: (1) are preference eligibles; (2) are supervisors or employees engaged in confidential personnel work; and (3) have completed one year of continuous service in the same or similar positions. Authorizes the Director of the Office of Personnel Management to obtain judicial review in the United States Court of Appeals for the Federal Circuit if: (1) the Director determines that the Board of Governors of the Postal Service erred in interpreting a civil service law, rule, or regulation affecting personnel management, and that the Board's decision will have a substantial impact on a civil service law, rule, regulation, or policy directive; or (2) the Postal Service makes such determination regarding postal personnel management.
United States · United States Congress · 6 January 1987
Requires any individual imprisoned in a Federal correctional institution, or in a correctional facility which receives Federal funds, and any individual seeking permanent residence in the United States to be tested for acquired immune deficiency syndrome (AIDS) or the virus HTLV-III/LAV. Requires any individual identified as a result of such test as a carrier of AIDS to be notified and counseled about the risks of spreading it.
United States · United States Congress · 6 January 1987
Truth in Savings Act - Requires each advertisement, announcement, or solicitation by a depository institution which refers to a specific interest rate, yield, or rate of earnings on amounts deposited in a demand or interest-bearing account to state the following information clearly and conspicuously: (1) the annual percentage yield and the period such yield is in effect; (2) all minimum initial deposit, minimum balance, and time requirements for earning such yield; (3) the annual rates of simple interest; (4) fees or other conditions that could reduce the yield; (5) any interest penalty for early withdrawal; and (6) the effective percentage yield on the maturity date of any account maturing in less than one year. Authorizes the Board of Governors of the Federal Reserve System to exempt advertisements, announcements, or solicitations made by any broadcast or electronic medium or outdoor advertising displays not on the premises of a depository institution, from the disclosure requirements relating to initial deposit requirements, rates of simple interest, or fees, if such disclosure would be unnecessarily burdensome. Prohibits any depository institution from advertising an account as a free or no-cost account if: (1) there are minimum balance or limited transaction requirements to avoid fees; or (2) there is any service fee, transaction fee, or similar charge imposed for such account. Prohibits any institution from making any advertisement, announcement, or solicitation that is inaccurate or misleading or that misrepresents its deposit contracts. Requires each depository institution to maintain a schedule, written in clear and plain language, of fees, charges, interest rates, and terms and conditions such as minimum balance and time requirements applicable to each class of accounts offered. Requires that such schedule be disclosed to potential customers and requesting individuals and mailed to account holders. Requires that account holders receive 30 days' advance notice of any change to be made in any term or condition required to be disclosed in the schedule if the change might reduce the yield or adversely affect any account holder. Directs the Board to require modified disclosure requirements concerning the annual yield on variable rate accounts, multiple rate accounts, guaranteed-rate accounts that mature in less than one year, and accounts for which the interest rate is not guaranteed. Directs the Board to provide for public notice and comment on, and to publish, model forms and clauses for common disclosures required by this Act. Provides for the enforcement of this Act and the civil liability of a depository institution that fails to comply with requirements of this Act. Sets forth limitations on such liability and factors to be considered by the court in determining class action awards. Provides that an institution may not be held liable for a violation if the institution demonstrates that the violation was not intentional and resulted from a bona fide error. Establishes U.S. district court jurisdiction and a one-year statute of limitations for actions brought under this Act. Directs the National Credit Union Administration to provide for the similar regulation of credit unions.
United States · United States Congress · 6 January 1987
Permits certain veterans with service-connected disabilities who are retired members of the uniformed services to receive compensation concurrently with retired pay, without deduction from either.
![Official portrait of Rep. McCollum, Bill [R-FL-8]](https://www.congress.gov/img/member/m000350_200.jpg)