United States · United States Congress · 24 January 1985
Constitutional Amendment - Proclaims the English language to be the official language of the United States. Prohibits the United States or any State from requiring the use of any other language. States that this article shall not prohibit educational instruction in a language other than English for the purpose of making students proficient in English. Authorizes the Congress and the States to enforce this article by appropriate legislation.
United States · United States Congress · 22 January 1985
Amends the Juvenile Justice and Delinquency Prevention Act of 1974 to require the Administrator of the Office of Juvenile Justice and Delinquency Prevention in the Department of Justice (Administrator) to make grants to States for the purpose of establishing, operating, or expanding Missing Children Information Clearinghouses. Limits the grants to 50 percent of the costs of establishing and operating the Clearinghouse. Requires any State Clearinghouse to: (1) work in conjunction with the National Crime Information Center; (2) educate parents, children, and community agencies; (3) provide public information to assist in locating missing children; (4) publish a directory of organizations that provide assistance in locating missing children; (5) establish an in-State toll-free line for reporting missing children; (6) work with other public and private organizations; and (7) work with the National Center for Missing and Exploited Children. Allows the Administrator to prescribe rules necessary to carry out this Act. Grants the Comptroller General of the United States access to any books, documents, or records of any State receiving assistance for the purpose of audit. Authorizes appropriations.
United States · United States Congress · 22 January 1985
National Commission on Neurofibromatosis Act - Directs the Secretary of Health and Human Services to establish within 60 days a National Commission on Neurofibromatosis which shall formulate a plan to identify the research needed to develop an effective treatment and a cure for neurofibromatosis. Sets forth operating and related provisions. Authorizes the Commission to transmit interim reports. Requires the Commission to make a final report to the President and to each House of the Congress within two years. Terminates the Commission three months after submission of the final report. Authorizes appropriations.
United States · United States Congress · 22 January 1985
Expresses the sense of the Congress that the Federal Home Loan Bank Board should delay until June 30, 1985, the effective date of its proposed regulations regarding limitations on direct investment in real estate, service corporations, and equity securities by federally insured savings and loan associations. Directs the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance, and Urban Affairs of the House of Representatives to examine alternatives to the proposed regulations which will ensure safety and sound investment activities.
United States · United States Congress · 7 January 1985
Older Veterans' Health Care Amendments of 1985 - Amends Federal law concerning veterans' medical care to define "respite care" for purposes of included coverage. Eliminates the requirement of the presence of a service-connected disability for purposes of eligibility for domiciliary care. Increases eligibility for outpatient and ambulatory services to include those veterans who have received nursing home care or domiciliary care. Makes similar changes to increase eligibility for transfers for nursing home care. Authorizes the Administrator of Veterans Affairs to provide direct admission to a veteran for treatment at an institution not under the jurisdiction of the Administrator if: (1) the veteran has been discharged from a Veterans Administration (VA) hospital; and (2) the veteran is currently receiving home health services under a VA hospital-based home care program. Increase the number of VA centers of geriatric research, education, and clinical centers from 15 to 25.
United States · United States Congress · 7 January 1985
Alzheimer's Disease and Related Disorders Treatment Act of 1985 - Directs the Secretary of Health and Human Services to designate 20 centers for the treatment of Alzheimer's disease and related disorders. Requires such centers to: (1) provide a central facility for diagnosis, evaluation, and counseling; (2) develop standards of treatment and methods of delivering cost-effective services; (3) train professionals and nonprofessionals in diagnosing and treating such disorders; and (4) develop a comprehensive acute and long-term treatment program. Authorizes FY 1986 through 1990 appropriations. Directs the Secretary to make $1,000,000 available to each center for each of at least five years for teaching, training, research, and staffing. Permits eligible persons to elect to receive benefits as provided for by this Act rather than under titles XVIII (Medicare), XIX (Medicaid), or XX (Grants to States for Service) of the Social Security Act, or under the Older Americans Act of 1965.
United States · United States Congress · 3 January 1985
National Observance Advisory Act - Establishes the President's Advisory Commission on National Observances to establish criteria for recommending to the President that a proposed national observance be approved or disapproved.
United States · United States Congress · 3 January 1985
Amends the Fair Debt Collection Practices Act to require that any attorney who collects debts on behalf of a client be subject to the provisions of such Act.
United States · United States Congress · 3 January 1985
Milk Protein Fair Trade Act of 1985 - Directs the President to limit imports of milk protein products to 50 percent of the average quantity of such products annually imported between January 1, 1979, and December 31, 1983. Terminates such limit on December 31, 1988. Directs the Secretary of Agriculture to establish an import licensing system for foreign milk protein products which gives: (1) first preference to importers or users who establish that there are no substitutes for their products; (2) second preference to importers or users who establish that domestically produced skim milk or skim milk solids cannot be substituted for their products; and (3) third preference to all other importers or users.
United States · United States Congress · 3 January 1985
Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted.
United States · United States Congress · 3 January 1985
Olmsted Heritage Landscapes Act of 1985 - Requires the Secretary of the Interior, acting through the Director of the National Park Service, to prepare a State-by-State inventory of Olmsted heritage landscapes. Provides that all properties on the inventory shall be part of an Olmsted heritage landscape system. Requires periodic updating of the inventory. Directs the Secretary to: (1) promulgate general standards for preservation of historic landscapes; (2) provide technical assistance to Federal agencies, State and local governments, private organizations, and other interested individuals on the identification, commemoration, and preservation of Olmsted heritage landscapes; (3) conduct and submit to the Congress a thematic study of historic landscapes to identify those landscapes which would qualify as national historic landscapes; (4) encourage a program for the use of the Frederick Law Olmsted National Historic Site in Massachusetts as a center for research and establish an advisory committee for the site; and (5) encourage appropriate international activities related to the Olmsted heritage landscapes. Requires the Secretary to provide for the coordination of applications for grants for the preservation of Olmsted heritage landscapes. Requires the Secretary to encourage maximum public participation in carrying out the purposes of this Act. Requires the Secretary to conduct appropriate activities during the decade of 1985 to 1995 to commemorate the Olmsted achievements and influence on American life. Establishes the Advisory Committee on Olmsted Heritage Landscapes, which shall assist the Advisory Council on Historic Preservation in carrying out those of its duties under the National Historic Preservation Act that relate to Olmsted heritage landscapes. Terminates such Committee after December 31, 1995. Authorizes appropriations.
United States · United States Congress · 3 January 1985
Directs the Secretary of Health and Human Services to promote the establishment of family support groups to assist individuals with Alzheimer's disease or a related disorder and their family members and to provide for a national coordinating network of such groups. Requires a report to the Congress within one year.
United States · United States Congress · 3 January 1985
Law Enforcement Officers Protection Act of 1985 - Amends the Federal criminal code to define "armor piercing ammunition." Excludes from the definition: (1) shotgun shot composed in order to comply with Federal or State law; (2) frangible projectiles for target shooting; (3) ammunition containing frangible projectiles; and (4) any ammunition or projectiles which the Secretary of the Treasury determines are primarily intended for sporting purposes. Makes it unlawful for any person to manufacture or import armor piercing ammunition. Allows: (1) the manufacture or importation of armor piercing ammunition for the use of the United States or any State or local government; (2) manufacture for the sole purpose of exportation; or (3) manufacture or importation for the purposes of testing and experimentation authorized by the Secretary. Establishes a licensing fee of $1,000 per year for manufacturers and importers of armor piercing ammunition. Authorizes the Secretary to revoke a license from a dealer for violating this Act.
United States · United States Congress · 3 January 1985
American Conservation Corps Act of 1985 - Establishes an American Conservation Corps within the Departments of the Interior and Agriculture. Directs the Secretaries of both departments to establish and administer a conservation and rehabilitation program on Federal public and Indian lands. Directs the Secretary of the Interior alone to establish and administer such a program on non-Federal public lands. Directs the Secretaries to assist program agencies (any Federal, State, or Indian agency responsible for the management of public lands) in establishing and operating residential and nonresidential American Conservation Corps Centers. Describes the types of projects which will receive program preference. Limits program projects to those on public lands or Indian lands, except where projects on nonpublic lands provide documented public benefits. Sets forth requirements for establishing conservation centers and eligibility criteria for enrollees in the program. Requires that preference be given to economically, socially, physically, and educationally disadvantaged youth and youth residing in areas having substantial unemployment. Requires program agencies to provide services, facilities, supplies, and equipment for conservation centers as the Secretary deems necessary. States under what conditions and for what purposes an enrollee/volunteer shall be deemed a Federal or State employee. Permits the Tennessee Valley Authority to utilize such volunteers. Sets forth compensation and reimbursement provisions for volunteers and their upkeep. Directs the Secretaries to assist program agencies in securing certification or credit for skills acquired by volunteers during their participation and to conduct cost-benefit analysis and evaluations of the program. Permits the Secretaries to conduct pilot programs for alternative approaches. Directs the Secretary of the Interior to report to the Congress within the year on a study of Civilian Conservation Corps sites suitable for a commemoration of such Corps. Sets forth study opportunities and limitations for program volunteers, including a requirement that program agencies provide job guidance and placement assistance. Directs the Secretaries of the Interior and Agriculture to report at least annually to the President and the Congress. Directs the Secretary of Labor to make available appropriate labor market information. Sets forth employee appeal rights for workers displaced by American Conservation Corps volunteers. Sets forth funding limitations. Requires participating program agencies to certify that their programs will not displace workers. Sets forth procedures whereby State shares go to local governments when no State program agency exists. Authorizes appropriations for FY 1985 and 1986.
United States · United States Congress · 3 January 1985
Statue of Liberty-Ellis Island Commemorative Coin Act - Requires the Secretary of the Treasury to issue a specified number of: (1) five dollar gold coins, emblematic of the centennial of the Statue of Liberty; (2) one dollar silver coins, emblematic of the use of Ellis Island; and (3) half dollar coins, emblematic of the contributions of immigrants to America. Sets forth certain features of such coins; and provides for their sale and issuance. Provides for the distribution and use of such sale funds to the Statue of Liberty-Ellis Island Foundation. Terminates the minting of such coins on December 31, 1986.
United States · United States Congress · 3 January 1985
Title I: Short Title - Entitles this Act the Depository Institutions Act of 1985. Title II: Amendments to the Bank Holding Company Act - Amends the Bank Holding Company Act of 1956 (BHCA) to redefine a "bank" as any institution which is insured by the Federal Deposit Insurance Corporation or which obtains (other than through a nonaffiliated bank) Federal Reserve System borrowing, discount, or payment system services. Excludes thrift institutions, trust companies (with restrictions on activities), foreign organizations which do not do business in the United States except as incident to their foreign activities, institutions which engage solely in credit care operations, and any State chartered savings bank or mutual savings bank, unless such institution enters into an agreement with the Federal Reserve Board to be considered a bank under BHCA. Defines a "special purpose bank" as an institution which becomes a bank due to the amendments made by this Act and which does not both accept demand deposits and make commercial loans. Prohibits a bank holding company from controlling a State-chartered bank which conducts insurance activities that are not authorized for a bank holding company or its nonbanking subsidiaries under BHCA, unless explicity authorized under a State law adopted within three years after the effective date of this Act. Revises procedures by which the Federal Reserve Board approves nonbanking activities for bank holding companies. Authorizes a bank holding company to acquire ownership or control of voting shares of a company the activities of which the Board has determined to be: (1) closely related to banking; (2) of a financial nature and designed to enable bank holding companies to adjust to technological innovations in the provision of banking or banking-related services; or (3) of a financial nature and substantially identical to products or services offered by nonbanking concerns which are competitive with products or services provided by banks. Prohibits a bank holding company from engaging in such activity de novo or by acquisition unless it provides the Board 60 days' prior notice and the Board does not, within such 60 days, issue an order disapproving the proposal or requiring more information. Requires publication of the notice for public comment in the Federal Register. Directs the Board, in evaluating such proposal, to consider: (1) the safety and soundness of the financial institutions concerned; (2) the managerial and financial resources of the companies involved; (3) any arrangement which may adversely affect the independence or impartiality of an affiliate bank in the provision of credit; and (4) public comments. Provides for judicial review of Board orders disapproving or approving such a proposal. Permits a bank holding company to petition the Board to determine by regulation whether a particular nonbanking activity is permissible. Authorizes bank holding companies to acquire subsidiaries engaged principally in underwriting or dealing in securities backed by pools of residential mortgages. Deletes the right of competitors to intervene in administrative proceedings concerning a bank holding company's proposal to engage in a nonbanking activity. Exempts from prohibitions concerning nonbanking activities any company which is a bank holding company solely because it obtained control of a special purpose bank before the effective date of this Act. Specifies causes for which the Board may terminate such exemption. Directs the Board to include in its annual report to the Congress a discussion of the impact of such exemptions on the Nation's financial system. Authorizes the Board to order any State bank subsidiary of a bank holding company to cease any activity conducted to evade the purposes of BHCA or which threatens the safety and soundness of the Nation's financial system. Title III: Amendments to the Savings and Loan Holding Company Act - Amends the National Housing Act to revise the definition of an "insured institution" to include any State chartered savings bank, unless: (1) the bank has entered into an agreement with the Federal Reserve Board to be considered a "bank" under BHCA; (2) the bank has total assets of $1,000,000,000 or less, provided such bank and affiliated companies are not engaging in activities which are not permissible for a multiple savings and loan holding company; or (3) the bank's accounts are not insured by the Federal Deposit Insurance Corporation (FDiC) or the Federal Savings and Loan Insurance Corporation (FSLIC). Defines a "qualified thrift lender" as an insured institution which devotes at least 65 percent of its assets to residential mortgages and related investments on an average basis in three out of every four calendar quarters, with exceptions authorized under extraordinary circumstances. Applies the restrictions on business activities of multiple savings and loan holding companies to unitary savings and loan holding companies. Expands permissible activities to include the acquisition of a subsidiary corporation principally engaged in underwriting or dealing in securities backed by pools of residential mortgages. Exempts companies controlling a single qualified thrift lender from such restrictions. Provides a two-year period for a subsidiary institution to qualify as a qualified thrift lender. Specifies causes for which the FSLIC may terminate such exemption. Directs the Federal Home Loan Bank Board to include in its annual report to the Congress a discussion of the implementation by the FSLIC of the modifications to restrictions on business activities for savings and loan holding companies. Title IV: Restricted Activities of Depository Institutions - Amends the Federal Deposit Insurance Act and the National Housing Act to prohibit a bank or an insured thrift institution, respectively, from: (1) affiliating with a company engaged in any activity that a member bank may not engage in directly under the Banking Act of 1933; or (2) having an officer, director, or employee relationship with another organization which would be prohibited for a member bank. Provides for approval of such an affiliation in order to save a failing institution provided that: (1) the affiliation will result in a capital infusion which will save the institution; (2) no financial assistance will need to be provided by FDiC or FSLIC; and (3) the company affiliating with such institution has no more than three percent of its assets in activities prohibited for member banks. Title V: Protection of Insurance Fund - Amends the Federal Deposit Insurance Act to authorize the FDiC to restrict or prohibit any activity of a State insured bank which is prohibited for a national bank and which is determined to be excessively speculative or to pose a serious risk of loss to the insurance funds. Amends BHCA to declare unenforceable any contract provision: (1) which prohibits a bank holding company from selling shares of a subsidiary bank, or from permitting a subsidiary bank from selling its own shares to an entity other than the holding company, when such a sale takes place as part of assistance provided by the FDiC; or (2) which a bank subsidiary of a bank holding company must violate to comply with a directive or order of the appropriate regulatory agency. Amends the National Housing Act to authorize the FSLIC to restrict or prohibit any activity of a State-insured institution which is prohibited for a chartered Federal savings and loan association and which is determined to be excessively speculative or to pose a serious risk of loss to the insurance reserves. Authorizes the FSLIC to issue directives requiring insured institutions to submit and adhere to plans to achieve required reserve levels. Declares unenforceable any contract provision which: (1) prohibits a savings and loan holding company from selling shares of a subsidiary insured institution or from selling its own shares to an entity other than the holding company when such sale takes place as part of assistance provided by the FSLIC; or (2) an insured institution subsidiary of such holding company must violate to comply with a directive or order of the FSLIC or the Federal Home Loan Bank Board. Title VI: Interstate Banking - Authorizes national banks to branch across State lines. Authorizes each State, for five years after the effective date of this title, to: (1) prohibit all out-of-State banks from establishing or operating a branch in such State; (2) allow only those out-of-State banks with certain assets or deposits to branch within such State; and (3) limit the amount of deposits which may be accepted by branches of out-of-State banks. Amends the National Bank Act to provide that the term "branch" does not include customer bank communications terminals or automatic teller machines. Amends BHCA to authorize each State, for such five-year period, to: (1) restrict acquisitions of State banks by out-of-State bank holding companies based on the assets or deposits of the holding company and its subsidiary banks; and (2) limit the amount of deposits which a State bank so acquired may accept. Amends the Federal Deposit Insurance Act to direct Federal regulatory agencies for such five-year period to give effect to such State laws concerning interstate branching and banking when considering proposed mergers of depository institutions. Directs the FDIC to give effect to such laws when considering branching applications by nonmember insured institutions. Amends the Home Owners' Loan Act of 1933 to prohibit any Federal savings and loan association from establishing or operating an out-of-State branch unless: (1) the association is a qualified thrift lender; and (2) the total assets of the association's branches in a State would qualify the branches as a whole as a qualified thrift lender. Permits the Federal Reserve Board to allow associations up to two years to meet qualified thrift lender requirements. Sets forth restrictions on interstate branching and acquisitions by savings and loan associations corresponding to the previous restrictions applied to national banks. Title VII: Money Brokers - Limits the amount of insured deposits that an insured depository institution may receive through a deposit broker at five percent of the institution's daily average total deposits. Prohibits an institution which is at or below its minimum net worth requirement from accepting any brokered deposits. Provides a six-month period for institutions to comply with such requirements. Establishes penalties for violations of this title. Title VIII: Consumer Protection - Directs appropriate Federal regulatory agencies to promulgate regulations requiring: (1) deposit advertisements by financial institutions to clearly advise consumers of a standardized rate of return on interest bearing accounts; and (2) disclosure of all charges and fees which may be imposed on accounts and any increases in such charges. Amends the Community Reinvestment Act to require the appropriate agency, when examining a financial institution, to assess the institution's record in providing basic financial services to all community members in a manner consistent with its safe and sound operation. Requires the Federal Reserve Board to begin to develop a program with the goal of providing for the availability for withdrawal of: (1) amounts deposited through locally drawn checks after one business day; and (2) amounts deposited through all other checks after three business days. Requires each depository institution to notify customers of deposit availability practices. Requires an institution to begin paying interest on deposited funds when it receives provisional credit for such funds, unless it begins paying interest later for all deposits, including cash deposits. Title IX: Miscellaneous - Extends until 1988 the Homes Mortgage Disclosure Act, the Depository Institutions Deregulation and Monetary Control Act, and the emergency provisions of the Garn-St. Germain Depository Institutions Act of 1982. Deletes the requirement that certain insured banks must have total assets of at least $500,000,000 to obtain extraordinary assistance from the FDiC under the Garn-St. Germain Depository Institutions Act of 1982. Title X: Effective Dates - Sets for the effective dates of various provisions of this Act.
United States · United States Congress · 3 January 1985
Law Enforcement Officers Protection Act of 1985 - Amends the Federal criminal code to define "armor piercing ammunition." Excludes from the definition: (1) shot gun shot required by Federal or State regulations for hunting; (2) frangible projectiles for target shooting; and (3) projectiles that the Secretary of the Treasury determines are primarily intended for sporting purposes. Makes it unlawful for any person to manufacture or import armor piercing ammunition. Allows for: (1) manufacture or importation of armor piercing ammunition for the use of the United States or any State or local government; and (2) manufacture for the sole purpose of exportation. Establishes a licensing fee of $1,000 per year for manufacturers and importers of armor piercing ammunition. Imposes an additional mandatory sentence of not less than five years for any person who uses or carries a firearm and is in possession of armor piercing ammunition during the commission of a violent felony. Provides that such sentence shall not be suspended nor probation nor parole be granted.
United States · United States Congress · 3 January 1985
Directs the Secretary of Health and Human Services, in consultation with specified agencies, to conduct at least ten demonstration projects to determine the feasibility of providing for alternative Medicare benefits for individuals entitled to Medicare benefits who are diagnosed as suffering from Alzheimer's disease or a related memory disorder. Directs the Secretary, in conducting such projects, to consider: (1) alternative benefits that encompass a range of outpatient services; and (2) providing alternative benefits in a manner that is analogous to the manner in which benefits for hospice care are made available under Medicare. Limits the cost of each such project. Provides for the paying for such projects.
United States · United States Congress · 3 January 1985
Amends the Congressional Budget Act of 1974 to require that Federal expenditures not exceed revenues during any fiscal year, except in time of war declared by the Congress or in a period of declared economic necessity. States that it shall not be in order in either the House of Representatives or the Senate to consider or adopt a concurrent resolution on the budget which is not in keeping with such requirement. Amends the Budget and Accounting Act, 1921 to require the President to transmit a budget to the Congress which complies with such requirements. Directs the President to take action (by placing funds in reserve, by apportionment of funds, or otherwise) necessary to insure such compliance, notwithstanding obligational authority or appropriations made within the executive branch.
United States · United States Congress · 3 January 1985
Amends the Internal Revenue Code to provide that one-half of the cost of insurance paid by a self-employed taxpayer for medical care during the taxable year will be allowed as a business deduction.
United States · United States Congress · 3 January 1985
Constitutional Amendment - Allows the President an item veto of appropriations bills. Requires the President, in signing such a bill, to designate the provisions disapproved and return the bill to the House in which it originated. Subjects such bills to the same proceedings as other bills disapproved by the President.
United States · United States Congress · 3 January 1985
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are not greater than total receipts. Permits the Congress in such statement to provide for a specific excess of outlays over receipts by a three-fifths vote directed solely to that subject. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the rate of increase in national income in the last calendar year ending before such fiscal year, unless the Congress passes by a three-fifths vote a bill directed solely to approving specific additional receipts and such bill has become law. Requires the President, prior to each fiscal year, to transmit to the Congress a proposed statement of receipts and outlays for that year consistent with the provisions of this article. Permits the Congress to waive the provisions of this Act with respect to any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing and total outlays shall include all outlays of the United States except those for repayment of debt principal.
United States · United States Congress · 3 January 1985
Constitutional Amendment - Declares that nothing in the Constitution shall abridge the right of persons to participate in voluntary prayer in public buildings.
United States · United States Congress · 3 January 1985
Establishes the National Commission on Federal Budget Deficit Reductions to review all relevant elements of fiscal and monetary policy. Requires particular emphasis to be given to the causes of cyclical and structural Federal budget deficits and the impact which growing structural Federal deficits have on employment, capital formation, and the vigor and viability of economic growth in the United States. Requires the Commission to: (1) identify problems which may hinder the control and reduction of Federal budget deficits; and (2) analyze all potential options which would result in deficit reductions and place the Government on a sound financial basis. Requires the Commission to report to the President and the Congress within six months after enactment of this Act. Terminates the Commission 30 days after submission of such report.
United States · United States Congress · 3 January 1985
Establishes the Joint Committee on Intelligence. Declares that such committee has exclusive legislative jurisdiction with respect to any intelligence activity of the Federal Government and authorizations for appropriations for specified agencies and intelligence-related activities. Directs the joint committee to classify its information and records and to establish guidelines for their maintenance, use, and availability. Sets forth procedures for the disclosure of such information. Directs the joint committee to establish and carry out rules and procedures necessary to prevent the unauthorized disclosure of information. Makes conforming amendments to the Rules of the House of Representatives, including abolishing the Permanent Select Committee on Intelligence, and the National Security Act of 1947.
United States · United States Congress · 3 January 1985
Establishes in the House of Representatives the Select Committee on Hunger to conduct a continuing comprehensive study of the problems of hunger and malnutrition. Requires an annual report from such committee, including a summary of its activities.
United States · United States Congress · 3 January 1985
Establishes in the House of Representatives the Select Committee on Children, Youth, and Families to conduct a comprehensive study and review of the problems of children, youth, and families.
United States · United States Congress · 25 July 1984
Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted.
United States · United States Congress · 28 June 1984
Establishes the National Commission on Federal Budget Deficit Reductions to review all relevant elements of fiscal and monetary policy. Requires particular emphasis to be given to the causes of cyclical and structural Federal budget deficits and the impact which growing structural Federal deficits have on employment, capital formation, and the vigor and viability of economic growth in the United States. Requires the Commission to: (1) identify problems which may hinder the control and reduction of Federal budget deficits; and (2) analyze all potential options which would result in deficit reductions and place the Government on a sound financial basis. Requires the Commission to report to the President and Congress by January 15, 1985, detailed findings, conclusions, and recommendations for such legislation and administrative actions as it considers appropriate. Terminates the Commission 30 days after submission of such report.
![Official portrait of Rep. Wylie, Chalmers P. [R-OH-15]](https://www.congress.gov/img/member/w000781_200.jpg)