United States · United States Congress · 22 May 1986
Amends the Internal Revenue Code to provide that the value of transportation provided to any person on a noncommercially operated aircraft shall be considered "no-additional-cost service" and therefore excludible from gross income if: (1) such transportation is provided on a flight made in the ordinary course of the trade or business of the taxpayer owning or leasing such aircraft for use in such trade or business; (2) the flight on which the transportation is provided would have been made whether or not such person was transported on the flight; and (3) no substantial additional cost is incurred in providing such transportation to such person.
United States · United States Congress · 7 May 1986
Housing Act of 1986 - Title I: Program Extensions and Amendments - Subtitle A: General Extension of Programs - Amends the National Housing Act to extend authority through September 30, 1987, 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) graduated payment and indexed mortgage insurance; (6) the demonstration mortgage reinsurance program; (7) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (8) mortgage insurance for land development; and (9) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1949 to extend Farmers Home Administration authority through September 30, 1987, 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 1968 to extend authority for national flood insurance, including emergency implementation and flood-risk zones through September 30, 1987. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend through September 30, 1987, the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families. Subtitle B: Mortgage Insurance and Secondary Mortgage Market Programs - Amends the National Housing Act to direct the Secretary of Housing and Urban Development (Secretary) to enter into fiscal year mortgage insurance commitments with an aggregate principal amount equal to (but no more than) the amount provided in appropriation Acts. Sets premium charge limits for Federal Housing Administration (FHA) mortgage insurance. Requires the Secretary to certify to the Congress 90 days prior to any fee increase that such increase is solely for the purpose of meeting anticipated insurance claims and administrative expenses. Increases FHA authority to insure adjustable rate single family mortgages. Amends the Federal National Mortgage Association Charter Act to extend authority through FY 1987 for the Federal National Mortgage Association mortgage-backed securities program. Prohibits (with specified exceptions) the imposition of user fees on Government sponsored secondary mortgage market agencies. Subtitle C: Community and Neighborhood Development and Conservation Programs - Amends the Housing and Community Development Act of 1974 to extend community development block grant entitlement authority for certain metropolitan city and urban county areas through September 30, 1986. Reduces grants by 50 percent to any such entity that loses its entitlement classification, with the remaining 50 percent allocated to the small city community development program (for which such entity would be eligible). Considers the counties of Kauai, Maui, and Hawaii in the State of Hawaii as cities for purposes of the urban development action grant (UDAG) program. Authorizes FY 1987 appropriations for: (1) UDAG; (2) urban homesteading; and (3) community development block grants. Obligates specified FY 1987 funds for the discretionary fund. Terminates the loan guarantee program as of October 1, 1986, or the date of enactment of this Act, whichever occurs later. Modifies UDAG selection criteria. Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1987 appropriations for the Neighborhood Reinvestment Corporation. Terminates the Housing Act of 1964 rehabilitation loan program (urban renewal) as of October 1, 1986, or the date of enactment of this Act, whichever occurs later. Subtitle D: Miscellaneous Program Amendments - Amends the Housing and Urban Development Act of 1970 to authorize FY 1987 appropriations for housing research and project development. Amends the Housing and Urban Development Act of 1966 to authorize FY 1987 appropriations for low- and moderate- income housing counseling and technical advice. Amends the National Flood Insurance Act of 1968 to authorize FY 1987 appropriations for flood insurance program studies. Terminates the crime insurance program. Amends the Home Mortgage Disclosure Act of 1975 to exempt depository institutions with $25,000,000 (currently $10,000,000) or less in total fiscal year assets from the provisions of such Act. Directs the Secretary to report to the Congress within six months on 1981 through 1985 manufactured home inspection fees. Authorizes the Secretary to require HUD applicants or participants to provide social security or employer identification numbers in order to verify eligibility. Title II: Housing Assistance - Subtitle A: Programs Under United States Housing Act of 1937 - Amends the United States Housing Act of 1937 to authorize FY 1987 budget authority for lower income housing. Authorizes public housing agencies (PHAs) to set tenant rent contributions for a five-year period. Sets maximum and minimum rent levels. Provides a six-month phase-in for public housing rent increases due to a resident's obtaining employment. Authorizes grants to PHAs for: (1) public housing project development costs; and (2) comprehensive improvement assistance. Requires: (1) 15-year terms for annual contributions contracts for (section 8) existing dwellings; (2) administrative and preliminary fees to be calculated according to the method in effect prior to January 1, 1985; and (3) an annual adjustment of fair market rents as of October 1 of each year. Directs the Secretary to provide payments for operating lower income housing projects through a performance funding system. Authorizes FY 1987 appropriations. Authorizes FY 1987 appropriations for rental rehabilitation grants. Terminates the housing development grant program as of October 1, 1986, or the date of enactment of this Act, whichever occurs later. Authorizes public housing comprehensive grants to improve the physical condition of existing projects and upgrade their management and operation. Authorizes FY 1987 through 1989 appropriations. Permits residents of public housing projects (with the assistance of a public housing management specialist) to form resident management corporations. Requires such corporations to obtain fidelity bonding and insurance. Provides for: (1) waiving of certain statutory and regulatory requirements; (2) rentention of excess revenues; and (3) resident management technical assistance and training. Sets forth conditions for PHA financial assistance. Subtitle B: Other Housing Assistance Programs - Amends the Housing Act of 1959 to authorize FY 1987 appropriations for housing for the elderly or the handicapped. Requires that at least 15 percent of annual appropriations for such elderly or handicapped housing be allocated for the nonelderly handicapped. Directs the Secretary to establish new and more appropriate housing and related service options for the nonelderly handicapped. Replaces the existing subsidy system with a 240-month contract to cover actual costs not covered by project income. Amends the Congregate Services Act of 1978 to authorize FY 1987 appropriations for congregate services. Title III: Rural Housing - Amends the Housing Act of 1949 to extend rural housing insurance and guaranty authority through FY 1987. Authorizes FY 1987 appropriations for farm labor housing. Authorizes the Secretary, as approved in FY 1987 appropriations, to enter into rental assistance payment contracts. Extends authority through FY 1987 for the Self-Help Housing Land Development Fund. Extends the 10,000 to 20,000 population rural area classification date to September 30, 1986. Provides that maximum income levels for rural housing programs in the Virgin Islands shall be the same as those for Guam, American Samoa, the Northern Mariana Islands, and the Trust Territory of the Pacific Islands. Directs the Secretary to establish rural housing escrow accounts. Title IV: Shelter Assistance for the Homeless and Displaced - Subtitle A: Emergency Food and Shelter Program - Homeless Housing Assistance Act of 1986 - Requires the Director of the Federal Emergency Management Agency (FEMA) to constitute an emergency food and shelter program national board of volunteer agencies together with FEMA. Directs the Secretary to constitute a similar board by September 30, 1986. Transfers, as of such date, the personnel, property, records, and undistributed program funds of the FEMA board to the Emergency Food and Shelter Program National Board. States that such boards shall distribute program funds to localities (which shall constitute local boards) with the greatest need for emergency food and housing assistance. Requires the local board to submit to the national board an annual local homeless housing assistance plan. Limits administrative costs to not more than three percent of appropriations. Authorizes FY 1987 appropriations. Subtitle B: Emergency Shelter Grants Program - Directs the Secretary to establish an emergency shelter grant program for: (1) renovation and conversion of buildings as emergency shelters; (2) provision of essential services; and (3) shelter maintenance and operation. Directs the Secretary to allocate grants to States, metropolitan cities, and urban counties under the same formula used for the community block grant program. States that if a metropolitan city or urban county would receive a fiscal year grant of less than $30,000, such sum shall instead be reallocated to the State. Authorizes local governments to distribute such grants to nonprofit organizations. Requires grantees to provide matching funds and a certification of use. Authorizes FY 1987 appropriations
United States · United States Congress · 7 May 1986
Amends Federal law relating to veterans' home loans to exempt such loans from any spending reduction order issued under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) or any other such legislation. Revises provisions concerning the definition and treatment of certain administrative expenses in connection with the Veterans' Administration Loan Guaranty Revolving Fund.
United States · United States Congress · 6 May 1986
Torture Victim Protection Act of 1986 - Amends the United Nations Participation Act of 1945 to impose civil liability on anyone who, under actual or apparent authority of any foreign nation, subjects any person to torture or extrajudicial killing. Grants jurisdiction over such cases to U.S. district courts only after claimants have exhausted all available remedies in the place in which the conduct giving rise to the claim occurred.
United States · United States Congress · 1 May 1986
Expresses the sense of the House of Representatives that proposals to assess or increase fees on the credit activities of specified Federal housing and student loan authorities (including the Veterans Administration) should be rejected.
United States · United States Congress · 29 April 1986
Financial Institutions Emergency Acquisitions Amendments of 1986 - Amends the Federal Deposit Insurance Act to revise provisions governing interstate acquisitions of troubled banks involving Federal Deposit Insurance Corporation (FDIC) financial assistance. Requires the appropriate Federal banking agency to notify and consult with the FDIC when such agency is informed that an out-of-State bank or holding company is considering acquiring an insured bank with total assets of $250,000,000 or more that is in danger of closing. Reduces from $500,000,000 to $250,000,000 the minimum total asset requirement of a closed bank or a bank in danger of closing (as certified by the appropriate Federal or State chartering authority) which may be acquired by an out-of-State bank holding company. Authorizes an out-of-State bank or holding company to: (1) acquire a holding company that controls insured bank subsidiaries which hold assets equal to at least $250,000,000, represent a third or more of the total assets of all bank subsidiaries of such holding company, and are in danger of closing; (2) acquire such subsidiaries and affiliated banks; or (3) establish newly chartered banks in the State where such subsidiaries are chartered to merge with or purchase the assets and assume the liabilities of such subsidiaries and affiliated banks. Permits the FDIC to assist a merger or acquisition of an insured bank only at the request of the bank's directors or trustees. Provides that a bank which receives FDIC troubled bank assistance when it is eligible to be acquired by an out-of-State bank or holding company shall remain eligible for such acquisition so long as such assistance remains outstanding. Permits an out-of-State bank to make an extraordinary acquisition under the Federal Deposit Insurance Act only if such ownership is otherwise specifically authorized. Entitles an out-of-State bank holding company which makes such an acquisition to acquire additional banks located in the three largest metropolitan areas in any State in which the acquired bank is located to the same extent as permitted for an in-State holding company. Prohibits any holding company which makes such an acquisition from being required under State law to divest any other bank or from being prevented from acquiring any other bank or holding company by reason of such acquisition. Permits the FDIC to assist in the interstate acquisition of an open or closed bank where such acquisition is authorized under applicable State law. Prohibits the FDIC from providing acquisition assistance to a holding company subsidiary that is not an insured bank. Amends the Bank Holding Company Act to set forth provisions governing interstate acquisitions of troubled banks not involving FDIC financial assistance. Permits a bank holding company to acquire: (1) a bank located in another State if such bank has total assets of $250,000,000 or more and is in danger of closing; (2) two or more affiliated banks in danger of closing that together hold assets of at least $250,000,000 representing a third of the assets of all affiliated banks; (3) banks affiliated with, or the bank holding company controlling, such an acquired bank if the acquired bank's assets represent at least a third of the total assets of all affiliated banks; and (4) additional banks located in the three largest metropolitan areas of the State in which an acquired bank is located to the same extent as permitted for an in-State bank holding company. Prohibits a bank holding company which makes such an acquisition from being required to divest any other bank or from being prevented from acquiring any other bank by reason of such acquisition. Requires approval of any such acquisition by the board of directors of the bank being acquired or of a bank holding company that controls such bank. Prohibits a bank in danger of closing or the controlling bank holding company from entering into any discussions over the interstate acquisition of such bank unless: (1) the appropriate State bank supervisor has been notified; and (2) such bank or holding company has attempted to arrange an acquisition not involving FDIC assistance or interstate provisions. Requires the Board of Governors of the Federal Reserve System to consult with the appropriate State bank supervisor before approving an interstate acquisition of a troubled bank and to allow the supervisor at least 48 hours to object to such acquisition. Prohibits the Board from approving such acquisition if the supervisor certifies that persons who are likely to satisfy all regulatory requirements have offered to acquire the bank through a transaction not requiring FDIC assistance or interstate provisions, unless the Board determines that such persons do not have the necessary financial resources or do not meet regulatory requirements. Authorizes the Board to: (1) dispense with bank acquisition notice and hearing requirements under the Bank Holding Company Act and to reduce the postapproval waiting period to five days (or eliminate such period when immediate action is necessary to prevent the probable failure of the bank) if the Board has received a Federal or State chartering authority's certification that the bank is in danger of closing; and (2) waive notice and hearing requirements for the acquisition by a bank holding company of a nonbanking company in connection with the acquisition of a bank in danger of closing. Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Net Worth Certificate Act for five years. Repeals this Act on April 15, 1991.
United States · United States Congress · 29 April 1986
Reaffirms the U.S. commitment to Berlin and commends that city for its commemoration of the 50th anniversary of Jesse Owens' victories at the 1936 Olympics. Honors Jesse Owens' accomplishments as the triumph of equality and justice over racism and bigotry.
United States · United States Congress · 17 April 1986
Readjustment Counseling Program Amendments of 1986 - Amends Federal veterans' benefits provisions to remove the requirement that veterans readjustment counseling be administered solely at Veterans Administration (VA) health-care facilities as of October 1, 1988. Establishes the Veterans Administration Readjustment Counseling Professional Fellowship Program (the Program) to assist in providing an adequate supply of trained professionals to furnish readjustment counseling services to veterans for the VA. Requires an individual, in order to be eligible to participate in the Program, to: (1) be a Vietnam-era veteran; and (2) be accepted in an accredited educational program which leads to a degree in a field appropriate to furnishing readjustment counseling services. Requires a written contract between the Administrator of Veterans Affairs and any veteran participating in the Program. Requires any veterans participating in the Program to also be full-time employees of the VA: (1) on the date on which their application for such Program is submitted; and (2) on the date on which they become particpants in the Program. Authorizes the Administrator to award a scholarship to each veteran accepted into the Program. Requires the Administrator, in accepting applicants into the Program, to give priority to members of groups determined to be disadvantaged minority groups. Requires the Administrator to include in the annual report submitted to the Congress a report on the Program.
United States · United States Congress · 17 April 1986
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to eliminate the requirement that there be at least a three-percent rise in the Consumer Price Index before a cost-of-living adjustment of benefits is made.
United States · United States Congress · 17 April 1986
Declares that the House of Representatives, on behalf of the U.S. people, expresses its gratitude to the Government and people of the United Kingdom who assisted the United States in its exercise of self-defense against Libya and in the fight against state-sponsored international terrorism.
United States · United States Congress · 15 April 1986
FHA and GNMA Credit Commitment Assistance Act of 1986 - Authorizes the Government National Mortgage Association and the Federal Housing Administration (FHA) to enter into additional specified FY 1986 commitments to guarantee mortgage-backed securities and insure loans under the National Housing Act. Directs the Secretary of Housing and Urban Development to notify the appropriate congressional committees if cumulative FHA insured and guaranteed loan commitments exceed specified limits.
United States · United States Congress · 10 April 1986
Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Deposit Insurance Flexibility Act and the Net Worth Certificate Act until July 15, 1986.
United States · United States Congress · 10 April 1986
Expresses the sense of the House of Representatives that Federal funds for the Department of Agriculture's Cooperative Extension Service should be maintained at a level sufficient to prevent the reduction of benefits provided by such Service.
United States · United States Congress · 10 April 1986
Expresses the sense of the Congress that: (1) a successful conclusion of an arrangement to regulate tied aid credits would eliminate the need for the enactment of a special tied aid credit program; (2) the Secretary of the Treasury should promote such a conclusion to the negotiations; and (3) the President should make the use of predatory tied aid credits a major topic of discussion at the Tokyo Summit.
United States · United States Congress · 9 April 1986
Bilingual Education Act Amendments of 1986 - Amends the Bilingual Education Act (the Act) to add to the statement of policy the declaration that, regardless of the method of instruction, programs which serve children of limited English proficiency have the equally important goals of developing both academic achievement and English proficiency. Removes a requirement that the Secretary of Education (the Secretary) reserve limited portions of funds under the Act for special alternative instructional programs and related activities. Removes a requirement that the Secretary reserve at least 75 percent of funds under part A (Financial Assistance for Bilingual Education Programs) of the Act for transitional bilingual education programs.
United States · United States Congress · 8 April 1986
Expresses the sense of the Congress that the Farm Credit Administration and its associated agencies and institutions should take additional actions to alleviate the agricultural financial situation, including restructuring, rather than foreclosing, loans.
United States · United States Congress · 13 March 1986
Commends the people and the Government of Spain for their support of continued participation in the North Atlantic Treaty Organization (NATO) and their commitment to democracy.
United States · United States Congress · 12 March 1986
Amends Federal law relating to the employment and training benefits for disabled and Vietnam era veterans to expand readjustment appointments in the Federal Government for such veterans up to and including the GS-11 level through December 31, 1991 (currently up to and including GS-9 through September 30, 1986). Requires a preference in appointment to be given to a veteran: (1) who has more than 14 years of education; and (2) who is either entitled to disability compensation or whose discharge from active duty was for a service-connected disability.
United States · United States Congress · 12 March 1986
Amends Federal veterans' benefits provisions to exempt from any sequestration of funds under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) certain benefits of veterans and their dependents and survivors which are based upon the service-connected disability or death of such veterans.
United States · United States Congress · 6 March 1986
Establishes a presumption of service-connection for disability purposes for former prisoners of war suffering from the following conditions after active service: (1) organic residuals of hypothermia; (2) spastic colon; and (3) arthritis due to trauma. Decreases from six months to 90 days the amount of time a former prisoner of war must have been incarcerated to be eligible for outpatient dental services.
United States · United States Congress · 5 March 1986
Sets forth the concurrent resolution on the budget for FY 1987 and the appropriate budgetary levels for FY 1988 and 1989. Recommends levels of Federal revenues of $622,900,000,000 for FY 1987, $680,300,000,000 for FY 1988, and $729,400,000,000 for FY 1989. Sets the amounts by which the aggregate levels of Federal revenues should be increased at zero for FY 1987, $9,800,000,000 for FY 1988, and $12,400,000,000 for FY 1989. Sets the appropriate levels of total new budget authority at $839,800,000,000 for FY 1987, $901,200,000,000 for FY 1988, and $934,100,000,000 for FY 1989. States that the appropriate levels of total budget outlays are $786,600,000,000 for FY 1987, $824,300,000,000 for FY 1988, and $846,700,000,000 for FY 1989. Sets the amounts of the deficits in the budget which are appropriate in light of economic conditions and all other relevant factors at $163,700,000,000 for FY 1987, $144,000,000,000 for FY 1988, and $117,300,000,000 for FY 1989. Specifies the appropriate levels of total new budget authority, budget outlays, Federal revenues, and deficits, including receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund for FY 1987 through 1989, for purposes of the maximum deficit amount mandated by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) and the Congressional Budget Act of 1974 only. States that the appropriate levels of the public debt are $2,251,400,000,000 for FY 1987, $2,359,500,000,000 for FY 1988, and $2,431,500,000,000 for FY 1989. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $35,670,000,000 for new direct loan obligations, $84,500,000,000 for new primary loan guarantee commitments, and $68,187,000,000 for new secondary loan guarantee commitments for FY 1987; (2) $33,838,000,000 for new direct loan obligations, $87,900,000,000 for new primary loan guarantee commitments, and $71,074,000,000 for new secondary loan guarantee commitments for FY 1988; and (3) $33,238,000,000 for new direct loan obligations, $90,800,000,000 for new primary loan guarantee commitments, and $73,958,000,000 for new secondary loan guarantee commitments for FY 1989. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, and new loan guarantee commitments for each major functional category for FY 1987 through 1989.
![Official portrait of Rep. Wylie, Chalmers P. [R-OH-15]](https://www.congress.gov/img/member/w000781_200.jpg)