United States · United States Congress · 16 October 1985
Trade Equity and Growth Act of 1985 - Declares that achievement of an orderly movement to lower and stable exchange rates for the dollar is a primary objective of U.S. economic policy. Directs the President to convene an international conference on the international monetary system to review the present system of floating exchange rates and to develop a consensus on reform of that system to provide for the long term exchange rate stability necessary for a strengthened world trade and financial system. Sets forth proposed reforms for study at such conference. Requires the President to report annually to the Congress on the progress made toward: (1) reducing the value of the dollar and stabilizing it on international markets through short term actions; and (2) adopting long-term reform of the system that will prevent future instability in international exchange rates. Prohibits the President from: (1) commencing multilateral negotiations under the General Agreement on Tariffs and Trade on reducing or eliminating tariffs and non-tariff barriers to trade until the conference is convened; or (2) concluding any trade agreement resulting from such nogotiations until the Congress receives its first annual report on progress in reforming the international monetary system. Directs the Secretary of the Treasury to: (1) report to the Congress, within 30 days of enactment of this Act, on the range of dollar exchange values that must be obtained if equilibrium in the current account deficits of the United States is to be restored by 1990; and (2) develop and implement mechanisms to achieve such equilibrium. Requires the Secretary to report on a quarterly basis to the Congress on developing and implementing such mechanisms.
United States · United States Congress · 10 October 1985
States that a person shall be considered an American national if such person completes 15 years of lawful continuous residence in the United States or American Samoa, and one of his or her parents was a national of the United States and a resident of the United States or American Samoa at the time of that person's birth.
United States · United States Congress · 3 October 1985
Strategic Capital Reserve Act of 1985 - Establishes in the Treasury a Strategic Capital Reserve (Reserve). Makes such reserve available to the Board of Governors of the Federal Reserve System and the Secretary of the Treasury for purchases and sales of foreign currencies. Requires the Board and the Secretary to purchase foreign currencies, in a specified amount, during any fiscal quarter when: (1) the current account deficit has exceeded one and one-half percent of the gross national product for the most recent four consecutive quarters; and (2) the trade-weighted exchange rate of the dollar is 15 percent or more above the equilibrium rate (that rate which would be required to bring the current account into balance). Authorizes the Board and the Secretary to sell currencies from the Reserve in order to prevent sudden and disruptive drops in the value of the dollar or to calm disorderly markets. Provides that such authority may not be exercised to counteract or offset gradual, orderly declines in the value of the dollar resulting from purchases of foreign currencies. Requires the Board to disregard any purchase of currency authorized under this Act in the formulation and conduct of monetary policy. Requires the Board and the Secretary to consult at least quarterly with the central banks of the Federal Republic of Germany, Japan, the United Kingdom, and France in order to coordinate foreign exchange operations. Requires the Board and the Secretary to report annually to the Congress on the impact of currency transactions under this Act on foreign exchange markets. Requires the President to enter into negotiations with the governments of the Group of Ten countries to establish an international financial commission to carry out a study and report to each of the Group of Ten countries on measures to reduce capital flow imbalances and volitility in capital flows caused by the macro-economic policies of major trading countries.
United States · United States Congress · 2 October 1985
Amends the Small Business Act to provide that a small business shall not be eligible for assistance under the Small Business Administration's (SBA) small business and capital ownership development program or the award of Government procurement contracts under the small business set-aside program unless the Associate Administrator for Minority Small Business and Capital Ownership Development determines that such small business has met not less than 15 percent nor more than 80 percent of specified criteria relating to the competitiveness of such small business. Sets forth: (1) specified criteria and responsibilities for computing the competitiveness of a small business; and (2) circumstances under which such assistance to small businesses or the award of Government procurement contracts shall be denied. Provides that a small business shall be deemed by the SBA to be in the: (1) developmental stage of program participation (with respect to the small business and capital ownership development program) if such small business has met at least 15 percent but less than 70 percent of its criteria of competitiveness; and (2) transitional stage of program participation if such small business has met at least 70 percent of its criteria of competitiveness but has not yet graduated from such program. Defines "graduated". Defines "development investments." Establishes within the Treasury a revolving fund that shall be available to the SBA, without fiscal year limitation, to finance the purchase of development investments from small businesses. Authorizes the Administrator of the SBA to approve joint venture agreements between a small business and another business if such ventures will enhance such small business competitiveness and strengthen the free enterprise system. Sets forth specified conditions with respect to such competition. Provides that a small business that has graduated from the small business and capital ownership development program shall be eligible to receive from the SBA mainstreaming and other specified types of assistance. Prohibits any such assistance to a small business that has achieved or exceeded all of its criteria of competitiveness. Limits to 14 years the period of time that a small business shall be able to receive such assistance. Sets forth specified requirements and procedures with respect to the awarding of Government procurement contracts to small businesses. Requires the SBA within: (1) 60 days after enactment of this Act to conduct meetings with small businesses who participate in the small business and capital ownership development program to ascertain the extent of regulations that are necessary to implement this Act; (2) 120 days after enactment of this Act to publish proposed regulations in the Federal Register; and (3) 210 days after enactment of this Act to publish the final regulations in the Federal Register. Prohibits any SBA employee from performing any of the principal functions of a Business Development Specialist, a loan officer, or a management assistance officer as they relate to this Act unless such employee receives specialized training. Requires the first session of such specialized training to begin within 180 days after enactment of this Act. Repeals a specified section of the Small Business Act relating to the SBA's small business and capital ownership development program.
United States · United States Congress · 1 October 1985
Amends the Steel Import Stabilization Act to require the Secretary of Commerce to find out how many non-covered steel products were imported from each country during the four calendar quarters preceding October 1, 1984. Defines non-covered steel products as steel products exported to the United States from a country which on September 30, 1985, is not a party to a bilateral arrangement covering steel products. Directs the Secretary of the Treasury, upon request from the Secretary of Commerce, to ensure that the quarterly tonnage of each non-covered steel product imported from a foreign country does not exceed 70 percent of the average quarterly tonnage of each such non-covered steel product from that country during the four calendar quarters immediately preceding October 1, 1984. Requires the Secretary of Commerce to make such request whenever the Secretary determines that such imports from a foreign country exceed that 70 percent level.
United States · United States Congress · 26 September 1985
Expresses the sense of the House of Representatives with respect to recommendations made by the administration to reject any recommendation to remove the tax-exempt status of credit unions.
United States · United States Congress · 20 September 1985
Narcotics Control Trade Act - Directs the President to designate a country an uncooperative drug source nation if during any fiscal year beginning after September 30, 1985, such country: (1) was a source of any illicit narcotic and psychotropic drugs or other controlled substances that is significantly affecting the United States; and (2) did not cooperate with the United States in preventing such drugs and substances from affecting the United States by taking specified actions. Directs the President to report to the Congress the name of each such country. Denies the products of each such country most-favored-nation treatment until the President notifies the Congress that such country has made significant progress and will continue to make progress in remedying those policies on which an uncooperative drug source nation designation was based.
United States · United States Congress · 20 September 1985
Extends the sympathy of the United States to Mexico on the earthquake tragedy. Declares that: (1) the President should provide appropriate relief and rehabilitation assistance to prevent further suffering and safeguard the public health; and (2) the United States is prepared to cooperate with Mexico in long term efforts to recover from the effects of the earthquake.
United States · United States Congress · 12 September 1985
Establishes a field sanitation occupational health and safety standard with respect to agricultural employees engaged in hand-labor operations in the field. Provides that such standard shall be deemed to be an occupational health and safety standard promulgated, enforceable, and subject to penalties for violations under specified provisions of the Occupational Health and Safety Act (OSHA). Prohibits modification, revocation, or challenge of such standard under specified provisions of OSHA. Provides that this Act shall not preempt any State occupational health and safety standard, or any provision thereof, which is more effective in providing sanitized potable drinking water and toilet and handwashing facilities for agricultural employees than the standard established under this Act.
United States · United States Congress · 4 September 1985
Enterprise Zone Development and Employment Act of 1985 - Title I: Designation of Enterprize Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Provides that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 100 nominated areas, by the later of a 24 month period or July 1, 1985 (one-fourth of which must be in rural areas). Limits the period during which such deisgnation shall remain in effect. Provides that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 1,500 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, receiving commitments of private entities to assist employees and residents of the area, permitting State and local income tax deductions for fees for services performed by a nongovernmental entity formerly performed by a governmental entity, giving special preference to contractors owned and operated by members of a minority, and giving of surplus land in the enterprise zone to neighborhood organizations agreeing to operate a business on the land. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires the Secretary to prepare and submit to the Congress every four years a report on the effects of such enterprise zones' designation. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Treats any area designated as an enterprise zone as a labor surplus area under Federal law. Title II: Federal Income Tax Incentives - Subtitle A: Credits for Employers and Employees - Allows employers located in enterprise zones a nonrefundable income tax credit for increased employment expenditures and employment of the disadvantaged. Allows a three-year carryback and a 15-year carryover of such credit. Sets the amount of such credit at ten percent of the increase in payroll (taking into account a maximum of $17,500 in wages per year per employee) plus 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such economically disadvantaged credit. Disallows a deduction for the portion of the wages or salaries taken into account for such credit. Requires that where there is an early termination of employment by an employer in the case of qualified economically disadvantaged individuals, the tax for that taxable year in which the termination occurred must be increased by the tax credits allowed for such employees. Allows employees located in enterprise zones a nonrefundable income tax credit equal to five percent of qualified wages earned per year (taking into account a maximum of $10,500 in wages per year). Phases out such credit. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for investments made in certain enterprise zone construction property located in enterprise zones. Limits such credit to ten percent for new enterprise zone construction property, including rental property. Requires that the property subject to such credit be located in an enterprise zone, be predominantly used in the zone, be either constructed, reconstructed, renovated, etc. during the period of zone designation or acquired during such period, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon the early disposition of the property. Provides for a phase-out of the enterprise zone tax credit as the enterprise zone ends. Provides for an adjustment to the basis of the enterprise zone construction property to reflect the enterprise zone tax credit. Subtitle C: Nonrecognition of Qualified Enterprise Zone Capital Gain Where Acquisition of Enterprise Zone Business Property - Provides for the nonrecognition of capital gain on the sale of property where within the one-year period beginning on the date of such sale qualified replacement property is acquired by the taxpayer, to the extent the gain from the sale does not exceed the cost of the replacement property. Defines "qualified replacement property" as any personal property used predominantly in an enterprise zone in the active conduct of a trade or business within the enterprise zone, any real property located in the enterprise zone used in the active conduct of a trade or business, or any corporation, partnership, or other entity if, for the three most recent taxable years of such entity ending before the date of the purchase of such interest, such entity was a qualified business. Sets forth special rules for the operation of this provision. Requires the basis of the replacement property to be reduced by an amount equal to the amount of gain not recognized on the sale of such other property. Extends the period for the statute of limitations relating to the assessment of tax with respect to the sale of property involving the nonrecognition provisions. Provides that the holding period for the qualified replacement property shall include the period for which the property sold or exchanged had been held as of the date of the sale or exchange. Subtitle D: Deduction for Purchase of Enterprise Stock - Allows a taxpayer to deduct the aggregate amount paid during the taxable year for the purchase of enterprise stock on the original issue of such stock by a qualified issuer. Limits the maximum amount of such deduction to $100,000 a year. Requires that the $100,000 limit must be allocated among the members of a controlled group. Requires the pro rata allocation of the $100,000 limit among the stock purchased where the aggregate amount of stock purchased exceeds the $100,000 limitation. Requires that the gain from the disposition of the stock shall be treated as ordinary income. Provides a formula for calculating such gain. Provides that interest is charged on the disposition of such stock if such disposition occurs before the end of the three-year period beginning on the date the stock was purchased. Provides that where an issuer ceases to be a qualified issuer of enterprise stock before the close of the fifth taxable year after the date the stock was issued, the taxpayer must include in income the amount of the deduction allowed with respect to such stock plus interest on the aggregate decrease in tax of the taxpayer resulting from the deduction allowed with respect to such stock. Sets forth special rules with respect to such stock. Requires the basis of such stock to be reduced by the amount of the deduction allowed with respect to such stock. Subtitle E: Rules Relating to Industrial Development Bonds - Provides that limitations on the cost recovery deductions for property financed with tax-exempt industrial development bonds shall not apply to enterprise zone property. Provides that the termination of the small issue exemption shall not apply to industrial development bonds the proceeds of which are used to finance facilities in such enterprise zones. Subtitle F: Ordinary Loss Deduction for Securities of Enterprise Zone Business Which Become Worthless - Permits an ordinary loss deduction for securities of enterprise zone businesses which become worthless during the taxable year. Subtitle G: Increase in Research Credit for Research Conducted in Enterprise Zones - Increases the tax credit for increasing research activities to 37 and one-half percent. (currently, 25 percent for research conducted in enterprise zones). Subtitle H: Sense of the Congress with Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Subtitle I: Regulations - Directs the Secretary of the Treasury to issue regulations to carry out the provisions of this Act not later than six months after the date of enactment. Title III: Regulatory Flexibility - Revises the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified businesses (as defined in Title II of this Act) and governments and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in continuation of the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of a rule shall remain in effect as long as the zone designations. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Board to consider on a priority basis and expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to, and expedite applications for, the establishment of ports of entry necessary to establish such zones. States that, to the maximum extent practicable, foreign-trade zones should be established within enterprise zones.
United States · United States Congress · 1 August 1985
United States-Mexico Border Revitalization Act - Title I: United States-Mexico Free Trade and Co-Production Zone - United States-Mexico Free Trade and Co-Production Zone Act - Directs the President, during the five years after enactment of this title, to negotiate an agreement with Mexico for the establishment of a Free-Trade and Co-Production Zone, extending 200 miles into each country, in order to support and accelerate the economic development of that zone. Provides that the agreement may allow appropriate adjustments to the zone's inner boundaries. Requires that the agreement provide eligible ventures (legal entities operating within the Mexican or U.S. Zone Sector, the controlling interest of which is owned by citizens of the zone country, but of which citizens of the cooperating zone country own at least 35 percent) with specified tariff advantages and tax incentives. States that such an agreement shall not enter into force until the President submits the implementing bill and other related information to the Congress and the bill is enacted into law. Amends the Trade Act of 1974 to expedite the bill's passage through the Congress. Directs the President, after a zone agreement is negotiated, to negotiate an agreement establishing a United States-Mexico free trade area. Sets forth negotiating guidelines. Requires the President to submit an annual report to the Congress detailing the progress of the zone negotiations or, if the zone has been established, to report on its effectiveness and subsequent free trade area negotiations. Title II: United States-Mexico Bilateral Commission - Authorizes the President to enter into an agreement with Mexico providing for the establishment of an equally representative bilateral commission (commission) whose purpose shall be to strengthen the ties between the United States and Mexico. Sets forth the duties of the commission, including discussing and making recommendations regarding: (1) the legal and illegal immigration of Mexican citizens to the United States; (2) the United States-Mexico Free Trade and Co-Production Zone; (3) the industrialization of the U.S. and Mexican Zone Sectors as a means of creating new jobs; and (4) tariff and trade issues. Specifies the make-up of the U.S. delegation. Provides remuneration only for related travel and subsistence expenses. Requires an annual report and a cumulative report (every four years) to the Congress detailing the commission's activities. Authorizes appropriations. Title III: United States-Mexico Joint Development Bank - United States-Mexico Joint Development Bank Act - Authorizes the President to enter into an agreement with Mexico to establish a United States-Mexico Joint Development Bank (the Bank) to make economic development loans in Mexico and in the border region of the United States. Sets forth information that shall be included in the agreement, including the requirements that: (1) assistance provided by the Bank shall be directed at improving employment opportunities and enhancing the economic development of the geographic and economic sectors of Mexico which are the major sources of undocumented Mexican nationals who enter the United States; and (2) the United States and Mexico contribute equally to the Bank. Directs the President to appoint the U.S. Directors of the Bank. Authorizes the Secretary of the Treasury, upon the United States entering into an agreement with Mexico to establish the Bank, to subscribe to the capital stock of the Bank. Authorizes appropriations to pay for such subscription. Requires reports with respect to the operation of the Bank to be included in the first report of the National Advisory Council on International Monetary and Financial Problems transmitted after the United States accepts participation in the Bank. Prohibits any person or agency on behalf of the United States, unless authorized by Congress, from: (1) agreeing to an increase in the U.S. subscription to the Bank; (2) agreeing to an agreement which increases U.S. obligations or which would change the Bank's purpose or functions; or (3) providing financing to the Bank. Provides for Federal Reserve Banks to serve as depository banks for the Bank. Provides for suits against the Bank. Exempts the Bank from taxation. Title IV: Multilateral Commission on Immigration - Authorizes the President to enter into an agreement with nations in Latin America which are prime senders of emigrants to the United States to establish a multilateral commission on immigration equally representative of each participating nation. Requires the commission to discuss, and make recommendations regarding, the issues concerning legal and illegal immigration. Requires U.S. representatives to be appointed by the President. Provides remuneration only for related travel and subsistence expenses. Requires an annual report and a cumulative report (every four years) to the Congress detailing the commission's activities. Authorizes appropriations.
United States · United States Congress · 1 August 1985
Proclaims October 23, 1985, as A Time of Remembrance for all victims of terrorism. Urges Americans to wear a purple ribbon in honor of the sacrifices made in pursuit of peace and freedom. Authorizes and requests the President to call upon U.S. departments, agencies, and other interested parties to fly U.S. flags at half staff.
United States · United States Congress · 1 August 1985
Expresses the sense of the House of Representatives that the appointment by the Secretary of Education of members of the National Advisory and Coordinating Council on Bilingual Education who oppose programs authorized under the Bilingual Education Act meets with the strongest of disapproval by the House of Representatives.
United States · United States Congress · 31 July 1985
Expresses the sense of the Congress that the Internal Revenue Code provisions dealing with the Puerto Rico and possession tax credit (allowing domestic corporations a tax credit if certain percentages of gross income are derived from sources within a possession or from the active conduct of a trade or business within a possession) should not be revised and should be allowed to continue to operate in their present form.
United States · United States Congress · 25 July 1985
Judicial Survivors' Annuities Amendments Act - Amends the Judicial Code to increase the amount that a judicial official has withheld from his or her salary for purposes of the Judicial Survivors' Annuities Fund. Requires funding in amounts necessary to reduce to zero the unfunded liability of such fund. Increases the amount of the annuity received by a surviving widow or widower with children. Increases the amount of the annuity received by the surviving children of a judicial official leaving no widow or widower. Revises the formula used to determine the amount of the annuity given a widow or widower of a judicial official. Makes survivors of the Deputy Director of the Administrative Office of the United States Courts eligible for annuities under such Act. Makes the benefits conferred by this Act available to any eligible individual. Permits a judicial officer who has participated in the present annuity program to withdraw, in writing, according to specified procedures. Allows such officer, if eligible, to subsequently join the judicial survivors' annuities program created by this Act.
United States · United States Congress · 18 July 1985
Trade Emergency and Export Promotion Act - Declares that actions by the President, the International Trade Commission (ITC), the Secretary of the Treasury, the Secretary of Agriculture, and the U.S. Trade Representative (USTR) pursuant to this Act shall not be reviewable by any court, except for abuse of discretion. Title I: International Trade Actions and Agreements - Declares that a national emergency exists because of distortions and imbalances in trade and instability in exchange rates and that such emergency requires extraordinary measures, including action to: (1) restore the value of the dollar; and (2) either eliminate foreign unfair trade barriers or prohibit countries which employ such barriers from enjoying trade surpluses with the United States or increasing shares of world export markets. Authorizes the President to negotiate and enter into with any foreign country or entity agreements limiting the export from such country or entity, and the importation into the United States, of any article. Directs the USTR to initiate proceedings against Japan before appropriate international bodies in order to obtain authorization to take trade actions against Japan on the grounds that: (1) Japan has failed to comply with trade agreements entered into with the United States; and (2) Japan has adopted numerous domestic policies and practices that impair and violate such trade agreements and impede achievement of their objectives. Directs the USTR, with the cooperation of the Secretary of Agriculture, to initiate actions under all international trade agreements to which the United States is a party in order to take appropriate countermeasures against agricultural export subsidies provided by the European Communities and other countries which will be used to prevent: (1) injury to U.S. agricultural producers; (2) nullification or impairment of such trade agreements; and (3) serious prejudice to the United States. Authorizes the USTR to initiate actions against each foreign country (except Japan and the European Communities) or entity that was an excess worldwide trade surplus country or an excess bilateral trade surplus country for 1984 under all applicable U.S. laws and international agreements in order to: (1) enforce the rights of the United States under such international agreements; and (2) obtain the elimination of certain trade acts, policies, and practices of such countries or entities. Directs the USTR to explain in proceedings initiated under this title that the United States finds it necessary to take the actions provided in title II of this Act as interim measures pending the outcome of such proceedings in order to protect vital U.S. interests. Directs the Secretary of the Treasury to develop a plan to reduce fluctuations between currencies on foreign currency exchange markets. Sets forth characteristics of such plan. Title II: Interim Domestic Trade Actions to Respond to the Trade Emergency - Subtitle A: Stand-by Duties - Directs the ITC to determine annually each major exporting country's: (1) worldwide nonpetroleum export percentage; (2) bilateral nonpetroleum export percentage; (3) worldwide nonpetroleum trade surplus; (4) bilateral nonpetroleum trade surplus; (5) worldwide trade surplus limitation; and (6) bilateral trade surplus limitation. Requires the ITC to report annually to the President on: (1) the determinations on the trade of such major exporting countries; (2) the identity of each foreign country which was an excess worldwide trade surplus country or excess bilateral trade surplus country during the preceding year; and (3) whether or not standby duties should be imposed on imports from such countries. Requires the President, within 15 days of receiving such report to determine, with respect to each country identified as an excess worldwide trade surplus country or excess bilateral trade surplus country: (1) whether such country unfairly restricts or limits the access of imports to its markets; and (2) if the President determines that such country does restrict access to its markets, whether such restriction contributes to that country's trade surplus. Requires the President, if both such determinations are positive, to impose stand-by duties on all imports from such countries. Prohibits making such determinations or imposing such duties if the U.S. trade deficit divided by the U.S. gross national product is less than one and one-half percent. Requires the President to report to the Congress, within 15 days of receiving the reports on worldwide and bilateral trade, on the determinations made with respect to imposing stand-by duties. Declares that the rate of a stand-by duty shall be 25 percent ad valorem and that such duty shall be in addition to any other duties. Provides for the implementation of such duties. Requires all revenues from such stand-by duties to be allocated to the Public Debt Reduction Account in the Treasury. Expresses the sense of the Congress that all funds in such Account be used only to reduce the Federal debt. Directs the Secretary of the Treasury to report annually to the Congress on the revenue derived from such stand-by duties. Prohibits imposing stand-by duties on articles imported after April 30, 1992. Prohibits requiring reports and determinations on trade surpluses after April 1991. Subtitle B: Reports - Directs the President to report annually to specified congressional committees on the operation of this Act. Title III: Trade Law Reform - Amends the Trade Act of 1974 to transfer to the USTR from the President the authority to order import relief and the authority to extend tariff preferences. Amends the Tariff Act of 1930 to transfer to the USTR from the President the authority to approve or disapprove ITC actions to prevent unfair practices in import trade.
United States · United States Congress · 18 July 1985
American Passbook Savings Act of 1985 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 ($10,000 in the case of a joint return) of interest earned on a savings account maintained in a bank, savings and loan, or similar institution.
United States · United States Congress · 16 July 1985
Entitles individuals who performed service as National Guard technicians before January 1, 1969, to credit for such service when determining length of service for purposes of civil service retirement, leave, employee death and disability compensation, group life and health insurance, severance pay, tenure, and status.
United States · United States Congress · 11 July 1985
Expresses the sense of the House of Representatives that the: (1) local field office structure of the Social Security Administration should be maintained, strengthened, and fully staffed; and (2) proper amount of administrative costs of such offices should approximate 1.5 percent of the costs of the social security benefit programs serviced by such offices.
United States · United States Congress · 10 July 1985
Controlled Substances Penalties Act of 1985 - Amends the Controlled Substances Act and the Controlled Substances Import and Export Act to increase the penalties for offenses involving: (1) a kilogram or more of cocaine; (2) two or more kilograms of any other narcotic drug in schedules I or II; (3) a kilogram or more of phencyclidine (PCP); or (4) 25 grams or more of lysergic acid diethylamide (LSD). Provides for a fine of not more than $500,000 and/or imprisonment for not more than 30 years. Prohibits any person from being released on bail pending trial for or appeal with respect to an offense under such Act. Requires first offenders to serve at least one half of their sentences before they become eligible for parole. Makes second drug offenders subject to life imprisonment.
United States · United States Congress · 10 July 1985
Comprehensive Smokeless Tobacco Education Act - Requires specified warning labels on all smokeless tobacco products and advertisements. Declares that the failure to comply with provisions of this Act shall be in violation of the Federal Trade Commission Act. Grants district courts of the United States jurisdiction and injunctive powers to prevent and restrain violations of this Act. Directs the Federal Trade Commission to promulgate regulations to implement this Act. Directs the Federal Trade Commission to report to the Congress annually on the use and health effects of smokeless tobacco products.
United States · United States Congress · 27 June 1985
Institutional Aid Act of 1985 - Amends title III (Institutional Aid) of the Higher Education Act of 1965 (HEA) to revise institutional aid programs, especially in relation to the development needs of historically black colleges and universities and other institutions with large concentrations of minority, low-income students. Includes as eligible institutions, for purposes of the title III part A (Strengthening Institutions) grants program, any institution of higher education which meets specified requirements and which has an enrollment of which at least: (1) 20 percent are Mexican American, Puerto Rican, Cuban, or other Hispanic students, or combination thereof; (2) 60 percent American Indian, Alaska Native, or Aleut, or combination thereof; or (3) five percent Native Hawaiian, American Samoan, Micronesian, Guamian (Chamorro), or Northern Marianan, or any combination thereof. Establishes under title III part B, "Strengthening Historically Black Colleges and Universities" (which replaces the current part B, Aid to Institutions with Special Needs). Defines a "part B institution" as any historically black college or university that was established prior to 1964 and whose principal mission was, and is, the education of black Americans. Sets forth authorized uses for grants allotted to institutions under the part B program. Directs the Secretary of Education (the Secretary) to make allotments to part B institutions according to formulas based on number of: (1) Pell grant recipients; (2) graduates; and (3) graduates in attendance at graduate or professional schools in degree programs in disciplines in which blacks are underrepresented. Sets forth a special rule regarding allotments to Howard University or the University of the District of Columbia. Sets forth provisions for applications for part B grant allotments. Sets forth provisions for part B program grants to professional and graduate institutions. Directs the Secretary, subject to the availability of appropriations for such purpose, to award such grants to each of listed postgraduate institutions that the Secretary determines to be making a substantial contribution to the legal, medical, dental, veterinary, or other graduate education opportunities for black Americans. Prohibits any such grant in excess of $500,000 unless the postgraduate institution assures that 50 percent of the cost of the purposes for which the grant is made will be paid from non-Federal sources. Limits the duration of any such grant to five years. Provides that any one undergraduate or postgraduate institution may receive no more than two such five-year grants. Allows use of such grants for: (1) any of the authorized uses of part B allotment grants; (2) contribution development offices; and (3) institutional endowments. Sets forth application requirements. Provides that independent professional or graduate institutions eligible for such grants include: (1) Morehouse School of Medicine; (2) Meharry Medical School; (3) Charles R. Drew Postgraduate Medical School; (4) Atlanta University; and (5) Tuskegee Institute School of Veterinary Medicine. Sets forth reporting and audit requirements and penalties for misuse of funds. Revises title III part C (Challenge Grants for Institutions Eligible for Assistance Under Part A or Part B) to rename the "endowment grants" under such part "challenge grants." Makes technical and conforming amendments to eligibility requirements under such part. Reduces the maximum amount of any such part C challenge grant for FY 1985 through 1987. (Retains the current maximum for FY 1988 and succeeding fiscal years.) Establishes under title III a new part D, "Reservation for Hispanic, Native American, and Pacific Basin Institutions." (Redesignates the current part D as part E.) Directs the Secretary, from part A appropriations, to make available for use for the purpose of such part the greater of specified amounts or the following portions of such funds: (1) 20 percent for Hispanic institutions; (2) five percent for Native American, Native Alaskan, or Aleut institutions; and (3) five percent for institutions serving Native American Pacific Islanders, including Native Hawaiians residing in the Pacific Basin, including the State of Hawaii. Sets forth authorized uses of such part A funds which are reserved under the new part C. Revises the redesignated part E (General Provisions) under title III. Directs the Secretary to publish in the Federal Register all policies and procedures required to exercise the authority to approve applications for title III assistance. Prohibits any other criteria, policies, or procedure from being applicable for such purpose. Directs the Secretary to: (1) use the most recent and relevant data concerning the number and percentage of students receiving need-based assistance under title IV (Student Assistance) of HEA in making eligibility determinations under part A of title III; and (2) advance the base-year forward following each annual grant cycle. Requires the Secretary to waive specified part A institutional eligibility requirements (involving an institution's having a relatively high percentage of students receiving need-based assistance under title IV of HEA) in the case of an institution which is: (1) extensively subsidized by the State in which it is located and charges low or no tuition; (2) serving a substantial number of low- and middle-income students as a percentage of its total student population; (3) contributing substantially to increasing higher education opportunities for black Americans, Hispanic Americans, Native Americans, Native American Pacific Islanders, including Native Hawaiians, who are low-income individuals; or (4) substantially increasing higher educational opportunities for individuals in rural or other isolated areas unserved by postsecondary institutions. Includes Hispanic, Native American, or Pacific Basin institutions which have been determined eligible under part D, although not satisfying a specified eligibility criterion (involving an institution's having relatively low and general expenditures), among those institutions which must be included in an annual report of the Secretary to the Congress. Includes among those reasons for which the Secretary may grant a waiver of specified eligibility requirements (involving an institution's being accredited by a nationally recognized accrediting agency and its being authorized to offer bachelor's or junior or community college degrees) a determination that such waiver will substantially increase higher education opportunities appropriate to the needs of Hispanic Americans or Native American Pacific Islanders, including Native Hawaiians. Directs the Secretary to take care to assure that representatives of historically black colleges, Hispanic institutions, Native American institutions, and Native American Pacific Islanders, including Native Hawaiians, are included as readers on title III application review panels. Revises provisions for grants to encourage cooperative arrangements to include such arrangements between title III aid recipients and institutions not receiving such assistance. Includes benefit to the applicant institutions as a priority criterion in making such grants. Authorizes appropriations for FY 1987 through 1991 for the following title III programs: (1) part A, Strengthening Institutions; (2) part B, Strengthening Historically Black Colleges and Universities (with a separate authorization for part B provisions for Professional and Graduate Institutions); and (3) part C, Challenge Grants for Institutions Eligible for Assistance Under Part A or Part B. Directs the Secretary to make available part A funds for any fiscal year to eligible institutions as follows: (1) at least 30 percent to junior or community colleges; (2) at least 20 percent (or a specified minimum amount, if that is greater) for Hispanic institutions; (3) at least five percent (or a specified minimum amount if that is greater) for Native American, Alaskan, or Aleut institutions; (4) at least five percent (or a specified minimum amount if that is greater) for Pacific Basin institutions; and (5) the remainder to institutions that plan to award a bachelor's degree during that year.
United States · United States Congress · 27 June 1985
Expresses the sense of the Congress that the practice of forced abortions, economic coercion, and infanticide in the People's Republic of China or anywhere else in the world is condemned. Provides that if the President certifies that such practices are condoned by Chinese officials, then he should: (1) direct the U.S. representatives to the U.N. Fund for Population Activities to put forward a motion to withdraw the Fund from all operations in China; and (2) review all other bilateral relations and programs with the Chinese to consider further steps to deter such practices.
United States · United States Congress · 21 June 1985
Expresses the sense of the Congress that proposals to repeal provisions of the Internal Revenue Code which allow taxpayers to make designations of payments to the Presidential Election Campaign Fund should not be enacted.