United States · United States Congress · 2 March 1993
Amends the Federal Food, Drug, and Cosmetic Act to permit the extra-label use of drugs in animals if such use is upon the order of a licensed veterinarian, is in compliance with appropriate regulations, and is in the context of a veterinarian-client-patient relationship. Prohibits such use if it results in unacceptable residues of a drug in food.
United States · United States Congress · 2 March 1993
Amends the Higher Education Act of 1965 to prohibit an institution from participating in the Federal Pell Grants program if it is ineligible for participation in the Federal Family Education Loans program (also known as the Stafford or guaranteed student loan program) because of a high default rate.
United States · United States Congress · 1 March 1993
Immigration Preinspection Act of 1993 - Amends the Immigration and Nationality Act to direct the Attorney General to: (1) establish preinspection stations in at least three of the ten foreign airports identified as last departure points for the greatest numbers of passengers arriving at U.S. entry ports; (2) maintain records of aliens arriving by air at U.S. ports of entry without valid documentation; (3) establish three inspection stations at foreign airports for the purpose of achieving maximum prevention of illegal immigration into the United States; (4) assign additional immigration officers to foreign airports without preinspection stations when significant numbers of aliens without valid documentation depart for the United States; and (5) establish an expedited inspection process for U.S. citizens returning by air from aboard. Makes the pilot visa waiver program permanent. Authorizes arriving vessels or aircraft to submit electronic passenger manifests to the Immigration and Naturalization Service. Reduces the required length of time for the provision of immigration inspection and preinspection services.
United States · United States Congress · 25 February 1993
Requires any foreign nation that conducts a nuclear weapons test in the United States to pay the costs associated with such test, including environmental restoration costs.
United States · United States Congress · 25 February 1993
First-time Homebuyer Affordability Act of 1993 - Amends the Internal Revenue Code to make the tax on prohibited transactions inapplicable to a home equity participation arrangement. Describes such arrangement as one in which the eligible participant in an individual retirement plan directs the plan trustee to acquire an ownership interest in all or part of any dwelling unit which within a reasonable period of time is to be used as the principal residence for a first-time homebuyer. Requires such ownership interest to be a fee interest which requires full repayment. Describes the first-time homebuyer as an eligible participant or a qualified family member (child, parent, grandparent, or spouse) who had no present ownership interest in a principal residence during the 36-month period before the date of the arrangement. Allows the use of amounts in an individual retirement plan to make loans to purchase a home for a first-time homebuyer on behalf of an eligible participant or a qualified family member. Requires the repayment of first-time homebuyer loans within 15 years.
United States · United States Congress · 25 February 1993
Amends the Internal Revenue Code to allow a tax credit for the portion of employer social security taxes paid with respect to employee cash tips. Makes such credit part of the general business credit.
United States · United States Congress · 24 February 1993
Small Business Loan Securitization and Secondary Market Enhancement Act of 1993 - Amends the Securities Exchange Act of 1934 to define a "small business related security" (SBRS) as generally a high rated security that represents and is secured by promissory notes evidencing, and that provides for payments of principal in relation to payments on the notes. Provides that SBRSs shall be exempt from: (1) certain restrictions in the margin and securities delivery rules; (2) certain restrictions on borrowing on securities by and lending among, brokers, dealers, and other members of national securities exchanges; and (3) certain prohibitions on the extension of credit by members of exchanges, brokers, and dealers against a security which was part of a new issue. Amends the Home Owners' Loan Act, the Federal Credit Union Act, and related statutes to allow banks, credit unions, and other depository institutions to invest in SBRSs. Amends the Secondary Mortgage Market Enhancement Act of 1984 to: (1) authorize any U.S. person or entity to invest in SBRS, to the same extent such person is authorized to invest in U.S. obligations issued; and (2) exempt SBRSs from any State law's security registration and qualification to the same extent that U.S. securities are so exempt. Provides for States to enact provisions prescribing specific requirement for SBRSs. Requires the accounting principles applicable to the transfer of a small business loan with recourse contained in reports or statements required by appropriate Federal banking agencies to be uniform and consistent with generally accepted accounting principles. Prohibits the amount of capital required to be maintained by a depository institution with respect to the sale of a small business loan with recourse from exceeding an amount sufficient to meet the institution's reasonable estimated liability under the recourse arrangement. Requires an SBRS to be treated as a mortgage-backed security under the risk-based capital requirements applicable to insured depository institutions. Directs the Secretary of Labor to exclude transactions involving SBRSs from certain restrictions and taxes imposed on "prohibited transactions" Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (thereby allowing pension fund managers to participate in the pooling and packaging of small business loans for sale as securities). Requires the Secretary of the Treasury to promulgate regulations providing for the taxation of a small business loan investment conduit and the holder of an interest therein similar to the taxation of a real estate mortgage investment conduit and the holder of an interest therein under the Internal Revenue Code.
United States · United States Congress · 24 February 1993
Deficit Reduction Act of 1993 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to set the aggregate amount of required outlay reductions for: (1) FY 1993 at $25 million; (2) FY 1994 at the amount necessary to bring the outlay level to 95 percent of the Office of Management and Budget (OMB) baseline for such fiscal year; and (3) FY 1995 at the amount necessary to bring the outlay level to 90 percent of such baseline. Bases the OMB baseline for FY 1994 and 1995 on FY 1993 enacted appropriations less 1993 sequestrations. Requires an across-the-board sequestration to carry out the required outlay reductions. Exempts social security, interest on the debt, Medicare payments, and Head Start from sequestration. Authorizes the President to exempt any account from sequestration or provide for a lower uniform percentage reduction than would otherwise apply if such percentage reduction is increased for non-exempt accounts (subject to limitation).
United States · United States Congress · 24 February 1993
Amends the Internal Revenue Code to reduce the harbor maintenance rate of tax for 1996 through 1998. Provides further reductions after 1998, but only if the balance in the Harbor Maintenance Trust Fund exceeds $100 million.
United States · United States Congress · 24 February 1993
Housing Voucher Act of 1993 - Terminates Department of Housing and Urban Development assistance programs for public housing (other than Indian public housing) and supportive housing for the elderly and for persons with disabilities. Increases public housing voucher authority and housing set-asides for the elderly and persons with disabilities.
United States · United States Congress · 24 February 1993
FHA Modernization Act - Directs the Secretary of Housing and Urban Development (HUD) to: (1) select a computer system for use in administering the National Housing Act single family and multifamily housing mortgage insurance programs; (2) use the system to study the feasibility of private administration of such programs; and (3) develop program evaluation standards.
United States · United States Congress · 24 February 1993
Prohibits direct Federal financial benefits or social insurance benefits (including aid to families with dependent children, supplemental security income, food stamps, and public housing assistance) to aliens who are not lawful permanent residents. Prohibits unemployment benefits to aliens who have not been granted employment authorization under Federal law. Makes a limited exception from this prohibition for benefits under the old age, survivors, and disability insurance (OASDI) program; but prohibits taking into account unauthorized wages paid on or after enactment of this Act in crediting quarters of coverage for the OASDI program under the Social Security Act.
United States · United States Congress · 24 February 1993
TABLE OF CONTENTS: Title I: Voluntary Standards and Assessment Title II: National Education Reform and Excellence Title III: Freedom to Improve Educational Achievement Educational Excellence for All Students Act of 1993 - Expresses the sense of the Congress regarding attainment by the year 2000 of certain national educational goals relating to readiness for school, high school completion, student achievement and citizenship, science and mathematics, adult literacy and lifelong learning, and safe, disciplined, and drug-free schools. Title I: Voluntary Standards and Assessment - Part A: National Educational Goals Panel - Establishes a National Education Goals Panel. Directs the Panel to issue: (1) an annual national report card on progress toward achieving such goals; and (2) certification of content and student performance standards and the criteria for world-class assessments. Authorizes appropriations. Part B: Voluntary National Education Standards and Assessments - Establishes a National Education Standards and Assessments Council. Directs the Council to: (1) coordinate establishment of voluntary national education content and student performance standards, and of a voluntary system of assessments for individual students consistent with such standards; (2) develop criteria and establish guidelines for such standards and assessments; (3) issue approval of such standards, and transmit approved standards and criteria to the Panel for certification; and (4) report annually on progress and obstacles to State and local adoption of such standards. Directs the National Academy of Sciences to evaluate the Council's work. Authorizes appropriations. Part C: National Commission on Early Childhood Assessment - Establishes a National Commission on Early Childhood Assessment. Directs the Commission to: (1) advise the panel and establish a framework for understanding and assessing school readiness; (2) coordinate research and oversee development of such assessment; (3) monitor field testing and evaluate the assessments and their use; and (4) report annually. Authorizes appropriations. Title II: National Education Reform and Excellence - National Education Reform and Excellence Act - Authorizes the Secretary of Education to make grants to State educational agencies for State and local educational reform and improvement. Sets forth requirements for development and approval of State and local plans for and uses of such grants and subgrants. Authorizes appropriations. Sets forth State allotment formulas, based on the chapter 1 formula for aid to disadvantaged students (under title I of the Elementary and Secondary Education Act of 1965). Reserves a portion for education of Indian students. Provides for availability of information and training under this title for private schools and their teachers and administrators. Requires annual State progress reports. Requires the Secretary to: (1) evaluate State and local reform efforts; (2) disseminate information on approaches and materials developed; and (3) report annually to the Congress. Title III: Freedom to Improve Educational Achievement - Authorizes the Secretary of Education to waive certain Federal statutory and regulatory requirements, with specified exceptions, for States, and local educational agencies, and schools as part of systemic educational reform and efforts to meet the national education goals for all children. Allows additional waivers for specified related programs, with the approval of the appropriate Federal agency. Sets forth requirements for waiver applications, restrictions, evaluations, and reports (annually by States and local agencies or schools; biennially by the Secretary to the Congress).
United States · United States Congress · 24 February 1993
Makes additional appropriations to the Secretary of Health and Human Services for peer review activities and activities to reduce waste and fraud under the Medicare program under title XVIII of the Social Security Act.
United States · United States Congress · 24 February 1993
Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to direct the President, in selecting remedial actions for hazardous waste cleanup sites, to give a preference to the use of institutional controls, containment methods, and other interim measures, rather than permanent treatment technologies, if such measures are sufficient to protect health, welfare, and the environment.
United States · United States Congress · 24 February 1993
Tennessee Valley Authority Power Privatization Act of 1993 - Directs the President to develop and transmit to the Congress a plan for transferring, by sale or otherwise, all real property, facilities, and equipment of the Tennessee Valley Authority (TVA) to appropriate public and private entities. Requires such plan to provide for transfer of: (1) TVA power generation facilities and equipment; (2) National Fertilizer and Environmental Research Center facilities and equipment; (3) TVA's jurisdictional authority over real property; and (4) TVA functions unrelated to power generation to appropriate Federal departments and agencies. Terminates the TVA after the completion of such transfers.
United States · United States Congress · 24 February 1993
Directs the Secretary of Agriculture to consolidate the functions and activities of the Agricultural Research Service, the Cooperative State Research Service, and the Federal Extension Service into a new Agriculture Research and Extension Service.
United States · United States Congress · 24 February 1993
Federal Workforce Efficiency Act - Limits the total number of civilian employees in an executive agency to the number of employees at the end of the fiscal year in which this Act is enacted. Directs the head of each executive agency to establish a program which shall provide for: (1) cash awards for any managerial or supervisory personnel whose personal efforts result in significant savings to the Government that are attributable to personnel reductions or increased personnel efficiency; (2) education or training for managerial or supervisory personnel to promote better awareness and use of the authorities available to them to improve worker efficiency and productivity; and (3) other similar measures. Sets a limit on the amount of such an award. Provides for a reduction in executive agency budgets with respect to employee salaries over a two-year period by five percent per fiscal year.
United States · United States Congress · 24 February 1993
Small Business and Private Economic Sector Impact Act - Directs the Comptroller General to prepare an economic and employment impact statement to accompany each bill, resolution, or conference report before it may be reported or otherwise considered on the floor of either House of Congress. Requires such statement to: (1) state the extent to which enactment of such legislation would result in increased costs to the private sector, individuals, or State and local governments; and (2) include a detailed assessment of the annual impact of such legislation on consumer and business costs, employment, the Gross Domestic Product, and other specified criteria. Provides that such statement may consist of a brief summary assessment if preliminary analysis indicates that the aggregate effect of the legislation is less than $100 million or 10,000 jobs in national employment. Authorizes the Congress to waive the requirements at any time in which a declaration of war is in effect or in response to a national security emergency at the request of the President. Provides that it shall not be in order in either House of Congress to consider any legislation that does not include such a statement. Allows such point of order to be waived. Requires each regulation and proposed regulation promulgated by an executive department or agency to be accompanied by such a statement and published with such statement in the Federal Register. Authorizes the President to waive the requirements of this paragraph at any time in which a declaration of war is in effect or in response to a national security emergency. Amends rule XXVI of the Standing Rules of the Senate to repeal provisions concerning congressional committee reports accompanying bills and resolutions.
United States · United States Congress · 24 February 1993
Tax Fairness and Accountability Act of 1993 - Amends the Congressional Budget Act of 1974 to require any legislation that increases the tax rate, the tax base, or the amount of income subject to tax, or decreases a deduction, exclusion, or credit to be approved in the House of Representatives and the Senate by an affirmative vote of three-fifths of its Members.
United States · United States Congress · 24 February 1993
Intelligence Agencies Reorganization Act of 1993 - Directs the President to: (1) reorganize the U.S. intelligence community to reduce redundancy and overlapping jurisdiction of intelligence components and to centralize responsibility for intelligence activities; and (2) reduce, for each of FY 1993 through 1997, the total number of military and civilian personnel employed by, or assigned to, the intelligence community by at least four percent of the total number of such personnel as of September 30, 1992. Bars the reassignment of functions and personnel to avoid or reduce the effect of such reductions. Requires reductions in the number of members of the armed forces or civilian personnel in the intelligence community to be matched with corresponding reductions in the overall number of members of the armed forces or of civilian Government employees.
United States · United States Congress · 24 February 1993
Amends the Congressional Budget Act of 1974 to require a three-fifths majority vote in the House of Representatives to waive or suspend a point of order under titles III, IV, and VI of the Act.
United States · United States Congress · 24 February 1993
Expresses the sense of the Congress that future mandates should not be imposed on States, and that previously imposed State mandates should either be rescinded or the funds with which to carry them out be provided.
United States · United States Congress · 24 February 1993
Expresses the sense of the Congress that tax increases should not be considered until real and substantial spending cuts have been enacted and a Balanced Budget Amendment has been sent to the States for ratification.
United States · United States Congress · 23 February 1993
Amends the Immigration and Nationality Act to require a criminal record report for certain aliens residing in the United States who apply for immigrant status.
United States · United States Congress · 23 February 1993
Directs the Secretary of Defense to issue a commendation to each individual who was exposed to mustard agents in testing during World War II while serving in the armed forces. Requires the Secretary to: (1) notify each individual so exposed of possible health effects; and (2) make available to the Secretary of Veterans Affairs any information regarding such exposure.
United States · United States Congress · 23 February 1993
TABLE OF CONTENTS: Title I: Small Business Tax Incentives Title II: Increase of Number of Permitted S Corporation Shareholders Title III: Women-Owned Small Business Concerns Title IV: Prepayment of Development Company Debentures Title V: Cabinet Level Status for SBA Administrator Title VI: Assistant United States Trade Representative for Small Business Title VII: Judicial Review Under Regulatory Flexibility Act Title VIII: Congressional Budget Office Small Business Legislative Cost Analysis Title IX: Relief From Retroactive Application of Treasury Department Regulations and Rulings Title X: Study of Impact of Regulatory Analysis Upon Small Business Title XI: Fair Labor Standards Act Title XII: Independent Contractors Omnibus Small Business Promotion and Protection Act of 1993 - Title I: Small Business Tax Incentives - Amends the Internal Revenue Code to extend permanently: (1) the income tax credit for increasing research activities and the targeted jobs credit; (2) the authority to issue bonds for which 95 percent or more of the proceeds are used to provide any manufacturing facility or farm land or property; (3) the exclusion from gross income of payments to an educational assistance program; and (4) an increased deduction (from 25 to 100 percent of such insurance costs) for health insurance costs of self-employed individuals. Title II: Increase of Number of Permitted S Corporation Shareholders - Amends the Internal Revenue Code to increase from 35 to 50 the maximum number of shareholders of a "small business corporation." Title III: Women-Owned Small Business Concerns - Amends the Small Business Act to: (1) include as socially disadvantaged small business concerns those which have been subjected to gender-based prejudice; (2) include women under the definition of socially and economically disadvantaged individuals for contracting purposes; and (3) prohibit the application of community property laws in determining whether a small business meets certain ownership and control requirements. Title IV: Prepayment of Development Company Debentures - Amends the Small Business Investment Act of 1958 to allow the issuer of a debenture purchased by the Federal Financing Bank and guaranteed by the Small Business Administration (SBA), at the election of the borrower whose loan secures the debenture, to prepay such debenture by payment to the Federal Financing Bank of the unpaid principal balance and any required prepayment penalty. Title V: Cabinet Level Status for SBA Administrator - Expresses the sense of the Congress that the SBA Administrator should be designated by the President as a full-fledged member of the Cabinet. Increases the Administrator's pay to an executive level commensurate with Cabinet status. Title VI: Assistant United States Trade Representative for Small Business - Expresses the sense of the Congress that the U.S. Trade Representative should establish the position of Assistant United States Trade Representative for Small Business to promote small business exports and remove foreign impediments to such exports. Title VII: Judicial Review Under Regulatory Flexibility Act - Amends the Regulatory Flexibility Act to repeal the proscription against judicial review of agency determinations regarding regulatory flexibility. Title VIII: Congressional Budget Office Small Business Legislative Cost Analysis - Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office to prepare for each public bill or resolution reported by a congressional committee an estimate of the costs incurred in carrying out such bill or resolution and costs to small businesses in complying with such legislation. Title IX: Relief from Retroactive Application of Treasury Department Regulations and Rulings - Amends the Internal Revenue Code to provide that all final, temporary, or proposed regulations and rulings issued by the Secretary of the Treasury shall apply prospectively from the date of their publication in the Federal Register. Title X: Study of Impact of Regulatory Analysis Upon Small Business - Requires the SBA's Chief Counsel for Advocacy to study the impact of Federal regulatory paperwork and tax requirements upon small business. Title XI: Fair Labor Standards Act - Amends the Fair Labor Standards Act of 1938 with respect to minimum wage and maximum hours to include within its purview workers engaged in industrial homework. Title XII: Independent Contractors - Expresses the sense of the Congress that the Internal Revenue Service should adopt objective, reasonable standards to determine independent contractor status.
United States · United States Congress · 23 February 1993
Federal Budget Structure Act of 1993 - Amends Federal law to require that the budget the President submits to the Congress be a unified budget comprising an operating budget and a capital budget, each presented separately for total funds, Federal funds, and trust funds. Restricts the capital budget to the major activities, projects, and programs supporting the acquisition, construction, alteration, and rehabilitation of capital assets. Includes all other items in the operating budget. Requires the following reports to specified congressional committees on capital activities and operating activities associated with: (1) roadways and bridges, airports and airway facilities, and mass transportation systems; (2) waste water treatment and related facilities; (3) water resource projects; and (4) public buildings.
United States · United States Congress · 23 February 1993
Improved Budget Presentation Act - Establishes the Commission on the Presentation of the Budget of the United States to study and report to the President and the Congress on recommendations to provide improved governmental processes in the formulation, presentation, and implementation of the Federal budget with respect to: (1) the ability of the budget to distinguish between capital and operating activities, and between operating and trust funds, to identify the resources needed to meet the Government's needs; (2) improved procedures among Federal departments, agencies, independent establishments, and instrumentalities to provide improved coordination and control with respect to the budget; and (3) more effective arrangements between the executive branch and the Congress which will better enable each to carry out its budgeting, revenue, and appropriation responsibilities.
United States · United States Congress · 23 February 1993
Amends the Federal Election Campaign Act of 1971 to: (1) reduce individual contribution limits to certain political committees, including multicandidate political committees (PACs); (2) limit contributions from persons other than individual in-State residents for House of Representatives elections; and (3) limit, and subject to reporting requirements, national or State committee payments for mixed political activities.
United States · United States Congress · 23 February 1993
Requires, with specified exceptions, all motor vehicle leasing for the House of Representatives to be conducted through an agreement with the Administrator of General Services which shall include competitive bidding and, where appropriate, use of the least expensive motor vehicle.
United States · United States Congress · 23 February 1993
Expresses the sense of the Congress that, in seeking to reduce the Federal deficit, any proposal which would diminish, defer, or otherwise adversely affect periodic cost-of-living adjustments in Federal retirement benefits should be uniformly applied.
United States · United States Congress · 18 February 1993
Minor Crop Pesticides Act of 1993 - Amends the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) to define "minor use" as the use of a pesticide on an animal or a commercial agricultural crop or site or for the protection of public health where: (1) the use does not provide sufficient economic incentive to support registration; and (2) the Administrator of the Environmental Protection Agency (EPA) has not determined that the use presents an unreasonable adverse environmental effect. Prohibits data that relates solely to a minor use, without the permission of the original data submitter, from being considered by the Administrator to support a minor use application by another person for ten years following the submission of the data. Requires the Administrator, upon the request of a registrant, to extend the deadline for the production of residue chemistry data required solely to support a minor use pesticide up to two years subject to specified conditions. Applies the same extension conditions to data for reregistrations. Permits the Administrator, in handling the registration of a pesticide for a minor use, to waive applicable data requirements if such use does not have an adverse environmental effect. Provides for expedited review (within six months of submission) of applications to support minor use pesticide registrations. Requires the Administrator to conditionally amend a registration to permit additional minor uses even if data is insufficient if the applicant has submitted satisfactory data pertaining to the proposed minor use and amending such registration would not increase environmental risks. Authorizes the Administrator to conditionally register or amend the registration of a pesticide for a minor use if: (1) the active ingredient is being supported for reregistration; (2) the minor use was a registered use of a product that has been canceled, proposed for cancellation, or deleted as a use after December 24, 1988; and (3) the use requires only residue chemistry data for reregistration. Outlines additional requirements for conditional registrations. Directs EPA to assure coordination of minor use issues through the establishment of a minor use program. Establishes and authorizes funding for a Department of Agriculture minor use matching fund program. Requires the program to be utilized to ensure the continued availability of minor use crop protection chemicals. Authorizes appropriations.
United States · United States Congress · 18 February 1993
TABLE OF CONTENTS: Title I: Regulatory Impact on Credit Availability Subtitle A: General Provisions Subtitle B: Impact of Accounting and Capital Issues on Credit Availability Subtitle C: Disincentives to Risk-Taking Subtitle D: Miscellaneous Credit Availability Provisions Title II: Regulatory Micromanagement Title III: Unnecessary Cost, Paperwork and Regulation Subtitle A: General Provisions Subtitle B: Holding Company Efficiencies Title IV: Consumer Inconvenience, Paperwork, and Cost; Other Non-Supervisory Reforms Subtitle A: Consumer Benefits and Lending Process Improvements Subtitle B: Other Non-Supervisory Reforms Title V: Community Investment Economic Growth and Financial Institutions Regulatory Paperwork Reduction Act of 1993 - Title I: Regulatory Impact on Credit Availability - Subtitle A: General Provisions - (Sec. 101) Amends the Federal Deposit Insurance Act (FDIA) to direct the appropriate Federal banking agencies to minimize the negative impact upon credit availability for small business, residential, and agricultural purposes and on low-and moderate-income communities when prescribing real estate lending standards. (Sec. 102) Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to direct the Appraisal Subcommittee to encourage the States to develop reciprocity agreements among themselves so as to readily authorize licensed appraisers in good standing to perform appraisals in sister States. Subtitle B: Impact of Accounting and Capital Issues on Credit Availability - (Secs. 111-113) Amends the FDIA to amend the regulatory scheme with respect to: (1) audits of insured depository institutions; (2) recourse agreements; and (3) market value accounting. (Sec. 114) Requires the Department of the Treasury to report to certain congressional committees on the effect on the national economy resulting from implementation of risk based capital standards (including the Basle international capital standards). Subtitle C: Disincentives to Risk Taking - (Sec. 121) Amends the FDIA and the Federal Credit Union Act with respect to the due process protections accorded the attachment of assets, and the statutory authority to require a depository institution to prohibit a person from alienating property under certain circumstances. Subtitle D: Miscellaneous Credit Availability Provisions - (Sec. 131) Mandates the establishment of a regulatory appeals process within each appropriate Federal banking agency and the National Credit Union Administration. (Secs. 132 and 133) Amends the Federal Reserve Act to modify the aggregate limits on insider lending for specified small banks. Mandates that certain agencies study and report to the Congress on the advisability and budgetary impact of requiring insured depository institutions to maintain sterile reserves. (Sec. 134) Amends the FDIA to prescribe guidelines under which the Federal Deposit Insurance Corporation (FDIC) may, with respect to an undercapitalized insured depository institution, waive its right to repudiate an agreement to sell credit card accounts receivable. (Sec. 135) Amends the Federal Home Loan Bank Act to permit FHLBA banks to: (1) make secured advances upon obtaining a security interest in certain nonresidential real estate-related collateral; and (2) invest surplus funds to purchase participation interests in residential construction loans originated by member institutions. Title II: Regulatory Micromanagement - (Secs. 201-204) Amends the FDIA to modify the regulatory scheme with respect to: (1) safety and soundness standards; (2) paperwork reduction; (3) rules on deposit taking; and (4) a transition period for new regulations. Title III: Unnecessary Cost, Paperwork and Regulation -Subtitle A: General Provisions - (Secs. 301-303) Amends the FDIA with respect to: (1) bank examinations; (2) coordination of State and Federal examinations; and (3) the use of accounting principles. (Secs. 304-306) Prescribes guidelines for the reduction of call report requirements and capital compliance requirements. Excludes automated teller machines and specified bank branches from FDIA branch closure notice requirements. (Sec. 307) Amends Federal law regarding monetary instruments transactions to direct the Secretary of the Treasury to annually: (1) review all regulations pertaining to monetary instruments transaction requirements, seeking public comment; and (2) publish all written rulings interpreting such law, as well as staff commentaries. (Sec. 309) Amends the FRA and the FDIA to cite conditions under which accounts of U.S. banks are shielded from liability to repay] deposits made at foreign branches. Subtitle B: Holding Company Efficiencies - (Secs. 321-325) Amends the Bank Holding Company Act of 1956 to modify the procedures under which bank holding companies: (1) are formed; and (2) acquire interests in nonbanking activities. Reduces the post-approval waiting period for bank holding company acquisition and bank mergers. Title IV: Consumer Inconvenience, Paperwork, and Cost; Other Non-Supervisory Reforms - Subtitle A: Consumer Benefits and Lending Process Improvements - (Sec. 401) Mandates a Federal Reserve study and report to the Congress on ways to streamline the credit-granting process. (Secs. 402-403) Amends the Truth in Lending Act regarding: (1) certain exemptions from credit cost disclosure requirements; (2) modification of waiver of the debtor's rescission rights; and (3) alternative disclosures for adjustable rate mortgages. (Sec. 405) Amends the Truth in Savings Act to exempt business accounts from its purview. Subtitle B: Other Non-Supervisory Reforms - (Secs. 411-413) Amends the Expedited Funds Availability Act regarding: (1) the availability of Treasury checks and local checks; (2) new accounts; and (3) the allocation of risks of loss and liability to the States and political subdivisions. (Secs. 414 and 421) Amends the Electronic Fund Transfer and the Truth in Lending Act to increase the consumer liability limit in specified circumstances of unauthorized electronic fund transfers and unauthorized use of credit cards where the cardholder has substantially contributed to the unauthorized transfer or use. (Sec. 432) Amends the Housing and Urban Development Act of 1968 to reduce the homeownership debt counseling notification requirement to no more than once per year. (Sec. 433) Prohibits a Federal banking agency from imposing data collection requirements upon an institution under its jurisdiction other than the information required under the Home Mortgage Disclosure Act of 1975. (Secs. 441 and 442) Amends the Real Estate Settlement Procedures Act of 1974 to: (1) modify the disclosure guidelines for the servicing of mortgage loans; and (2) exempt certain credit transactions from its purview. Title V: Community Investment - (Sec. 501) Amends the Community Reinvestment Act of 1977 (the Act) with respect to: (1) minimizing the regulatory paperwork costs and burdens associated with compliance; (2) conditions under which an application for a deposit facility shall not be denied on the basis of compliance; (3) granting credit to a financial institution for making investments and loans to either minority and women's depository institutions, or to entities providing benefits to distressed communities; (4) assessments of special purpose banks; and (5) the acceptability of State examinations in lieu of Federal examinations.
United States · United States Congress · 18 February 1993
TABLE OF CONTENTS: Title I: Balancing the Budget Title II: Technical and Conforming Amendments Balanced Budget Enforcement Act of 1993 - Title I: Balancing the Budget - Part A: Purposes - Repeals provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) with respect to: (1) emergency powers to eliminate deficits in excess of the maximum deficit amount; (2) budgetary treatment of social security trust funds; and (3) miscellaneous and related provisions. Declares the purpose of this Act to balance the budget by FY 1998 and each year thereafter. Part B: The Deficit Elimination Act of 1993 - Establishes deficit reduction targets for direct spending and receipts legislation for FY 1994 through 1998. Establishes discretionary funding limits in terms of new budget authority for FY 1994 through 1998. Requires, whenever appropriate, that adjustments to such limits be made to reflect: (1) changes in budget accounting concepts; (2) changes in inflation for each year and outyear (any of the four fiscal years that follow the budget year); (3) renewal/replacement multiyear subsidized housing contracts; (4) emergency requirements; (5) new limits for 1998 and thereafter; and (6) any law that raises excise taxes dedicated to a transportation trust fund. Provides that if at the start of the 1998 budget-year session the baseline assuming deficit reduction projects a deficit (or surplus) for that year, then the direct spending and receipts deficit reduction requirement for that year and the discretionary funding limit for that year shall each be changed by amounts that, when debt service effects are added, will produce a balanced budget. Provides for preventing deficits starting with FY 1999. Provides for the enactment of a spin-off law through congressional budget procedures or other means to balance the budget in 1998 or prevent deficits after 1998. Establishes a scorecard for the recording of the estimated increase or decrease in deficit reduction for the current year, the budget year, and each fiscal year through 1998 due to enactment (after August 15, 1992) of any law, or the imposition of any sequestration, or the change in the baseline which relates to certain expiring provisions of law and to veterans' compensation, affecting the level of direct spending or the level of receipts. Requires the creation of a new scorecard for FY 1999 and thereafter for the estimated increase or decrease in the deficit or surplus for the budget year. Sets forth deficit reduction requirements for the scorecard. Establishes a scorecard for each fiscal year starting with 1994 for discretionary appropriations amounts due to: (1) the enactment of any law in the budget-year session; (2) the enactment of any law in any previous session of Congress; or (3) the imposition of any across-the-board reduction of discretionary programs. Sets forth the method of enforcing deficit reduction targets in direct spending programs through a targeted sequestration procedure. Requires enactment of a spin-off law to initiate such procedure. Establishes a comprehensive sequestration procedure if such spin-off bill is not enacted. Requires under such procedure a freeze of entitlement spending and some revenue provisions in the amount needed to meet deficit targets. Sets forth the method of sequestering discretionary programs through uniform across-the-board reductions, unless the excess of new budget authority is less than $250 million. Lists the budget accounts or activities exempted from sequestration. Authorizes the President to exempt some or all of the budgetary resources of any military personnel account from sequestration, pending notification of the Congress. Subjects Federal administrative expenses to sequestration orders, with specified exceptions. Provides for the permanent sequestration of direct spending and receipts and for determining applicable uniform percentages for reductions. Sets forth the method of making reductions for specified programs. Amends the Internal Revenue Code to establish the method of sequestration through tax changes. Requires an increase in the top marginal rates and modifies the indexing provision under a sequestration order. Imposes a tax surcharge on individuals and corporations. Sets forth the timetable for estimating assumptions and filing reports and orders by the President, the Office of Management and Budget (OMB), the Congressional Budget Office (CBO) and the Board of Estimates (established by this Act). Requires the making of sequestration reports, sequestration preview reports, and low-growth reports by CBO and OMB. Establishes the administrative procedures relative to such reports. Sets forth assumptions to be used in calculating the baseline for the budget year and each outyear with respect to direct spending and receipts and discretionary programs. Declares that a baseline assuming deficit reduction refers to a projection of current policy baseline surpluses or deficits into the budget year and the outlays that are adjusted in aggregate by: (1) assuming compliance with basic deficit reduction targets; (2) assuming compliance with the discretionary funding limits; and (3) excluding amounts resulting from legislation designated as an emergency requirement. Establishes as a deposit fund in the Treasury a Stabilization Reserve Fund to accumulate balances during years of comparative prosperity, which may later be used to cover the loss of receipts and the increase in outlays that occur during comparative economic distress. Requires annual surpluses to be paid into the Fund. Establishes congressional procedures in the event of a low-growth report or a declaration of war. Establishes a Board of Estimates to choose the applicable sequestration report from OMB or CBO to submit to the President. Provides judicial review procedures for provisions of this title. Title II: Technical and Conforming Amendments - Makes technical and conforming amendments to the Congressional Budget and Impoundment Control Act of 1974, the Federal Credit Reform Act of 1990, the Rules of the House of Representatives, the Standing Rules of Senate, and specified other laws. Establishes the public debt limit.
United States · United States Congress · 18 February 1993
Expedited Consideration of Proposed Rescissions Act of 1993 - Amends the Congressional Budget and Impoundment Control Act of 1974 to require a special message, in the case of budget authority proposed to be rescinded, to include language amending the law authorizing such programs to allow them to continue to function at the proposed new level of budget authority. Allows the President to transmit to both Houses of the Congress, for expedited consideration, one or more special messages proposing to rescind all or part of any item of budget authority provided in an appropriation bill. Requires that such special message be transmitted not later than three days after the President approves the appropriation bill and be accompanied by a draft bill or joint resolution that would, if enacted, rescind the budget authority proposed to be rescinded. Sets forth House and Senate procedures for the expedited consideration of such a proposal.
United States · United States Congress · 18 February 1993
Local Government Interstate Waste Control Act - Amends the Solid Waste Disposal Act to prohibit owners or operators of landfills, incinerators, or other waste disposal facilities from receiving municipal solid waste generated outside their State unless they obtain authorization from the affected local government. Exempts from such prohibition: (1) landfills that, as of this Act's enactment date, complied with State laws relating to design and location standards, leachate collection, groundwater monitoring, and financial assurance for closure and post-closure care and corrective action and, during 1991, accepted municipal solid waste generated outside the State or, before this Act's enactment date, obtained authorization to accept such waste; (2) persons planning to own or operate a landfill, incinerator, or other waste disposal facility who obtained authorization to accept such waste before this Act's enactment; and (3) incinerators that accepted such waste during 1991 or obtained authorization before this Act's enactment. Considers expansions of landfills, incinerators, or waste disposal facilities to be separate facilities requiring authorization. Exempts owners or operators of such facilities from the requirement to obtain additional authorizations if: (1) at the time they obtained authorization, they possessed an option to purchase the land on which the expansion is proposed to occur; and (2) the area of expansion was indicated in documents filed with the affected local government before obtaining authorization; or (3) with respect to facilities exempted from authorization requirements, they possessed an option to purchase the land for the expansion during 1991. Authorizes State Governors to prohibit local government authorizations if the disposal of out-of-State waste is using solid waste management capacity required to be used for waste generated within the local government's region. Permits a Governor, if requested by an affected local government and local solid waste planning unit, to limit the amount of out-of-State waste received at landfills exempted from authorization requirements. Makes this Act inapplicable after 1996 unless each operating landfill in a State: (1) meets design and location standards applicable to landfills constructed on and after October 1993; or (2) is on an enforceable schedule to stop receiving waste by 2000 and to implement a closure plan.
United States · United States Congress · 18 February 1993
ASRM Termination Act - Prohibits the expenditure of Federal funds for the National Aeronautics and Space Administration's Advanced Solid Rocket Motor Program.
United States · United States Congress · 18 February 1993
Expresses the sense of the Congress that: (1) the widespread rape and forced pregnancy of women and girls in the former Yugoslavia constitute war crimes; (2) the United Nations (UN) Security Council and UN Human Rights Commission should adopt resolutions explicitly recognizing that rape and forced pregnancy constitute war crimes; (3) such war crimes should be investigated by an international tribunal; (4) such tribunal may be convened by the UN at the highest level and should be provided with clear authority to investigate, prosecute, adjudicate, and punish those responsible for those and other crimes; (5) the UN should appoint a special rapporteur on sex discrimination and violence against women; and (6) the 1993 UN World Conference on Human Rights in June should consider violations of the human rights of women.
United States · United States Congress · 17 February 1993
Amends the Internal Revenue Code to raise the threshold (from $50 to $300 a quarter) for paying and withholding social security taxes on wages paid for domestic service in a private home. Sets forth rules for filing returns with respect to domestic service employment taxes and requires such returns to be made on a calendar year basis. Subjects such taxes to estimated tax provisions. Makes filing requirements inapplicable to any employer liable for tax concerning remuneration for services other than domestic service in a private home. Authorizes the Secretary of the Treasury to enter into agreements with States to collect the State unemployment tax imposed on remuneration for domestic service and transfers such amounts to a State's account in the Unemployment Trust Fund. Treats such taxes as domestic service employment taxes.
United States · United States Congress · 17 February 1993
Medicare EKG Payment Restoration Act of 1993 - Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to: (1) reestablish separate payment for the interpretation of electrocardiograms (EKGs) that are ordered or performed during an office visit to or consultation with a physician; and (2) set forth special rules governing the payment for EKG interpretation services in order to ensure budget-neutrality.
United States · United States Congress · 17 February 1993
Buy-American Investment Incentive Act - Amends the Internal Revenue Code to allow an incremental investment credit in an amount equal to ten percent of the excess of the aggregate bases of qualified investment credit properties placed in service over 80 percent of the base amount. Excludes: (1) property if completed outside the United States or if less than 75 percent of the basis of the property is attributable to value added within the United States; and (2) passenger automobiles and office furnishings. Establishes formulas for determining the base amount. Makes the incremental investment credit inapplicable to any property to which the energy or rehabilitation credit would apply unless the taxpayer waives the application of such credits. Establishes special rules for the incremental investment credit in relation to limitations based on the amount of tax. Applies such limitations and provisions concerning carryback and carryforward of unused credits separately, in the case of a C corporation: (1) first with respect to the credit allowed as is not attributable to the incremental investment credit; and (2) then with respect to such credit. Limits the credit, in lieu of current limitations, to the net chapter 1 tax.
United States · United States Congress · 17 February 1993
Responsible Welfare Act of 1993 - Amends part A (Aid to Families with Dependent Children) (AFDC) of title IV of the Social Security Act to provide for denial of AFDC assistance to certain individuals for any week in which they work or attend courses at an educational institution for fewer than 30 hours. Provides for reduced Federal payments for State plans not in compliance with this Act.
![Official portrait of Rep. Zeliff, William H., Jr. [R-NH-1]](https://www.congress.gov/img/member/z000004_200.jpg)