United States · United States Congress · 20 December 1985
Amends the Internal Revenue Code to provide for the repayment of the increased excise tax imposed on fuel used in diesel-powered automobiles or light trucks. Sets the amount of such repayment at six cents per gallon. Reduces such repayment amount by repayments payable as of December 31, 1984.
United States · United States Congress · 19 December 1985
Native American Diabetes Prevention and Control Act of 1985 - Requires the Secretary of Health and Human Services to determine: (1) the incidence of diabetes among Native Americans; (2) activities the Indian Health Service should take to reduce such incidence, to provide guidance in the prevention, treatment, and control of diabetes, to provide early diagnosis, and to ensure proper health care to those Native Americans who are diagnosed diabetic; and (3) the fiscal impact to the Federal Government of treating diabetes among such people. Requires the Secretary to prepare an inventory of all health care programs and resources within the United States that are available for the treatment, prevention, or control of diabetes among Native Americans. Requires the Secretary to transmit to the President and the Congress a report containing his determinations and research activities among Native Americans. Requires the Secretary to: (1) implement a program to strengthen and expand the diabetes program of the Indian Health Service; (2) enable the Service to treat such disease effectively; and (3) conduct, for Federal, tribal, and other Native American Health care providers, training programs with respect to the prevention and treatment of diabetes. Requires the Secretary to: (1) maintain specified model diabetes clinics; and (2) establish such clinics at specified locations. Requires the Secretary to develop specified programs with respect to data collection and analysis and research relating to diabetes among Native Americans. Authorizes appropriations.
United States · United States Congress · 19 December 1985
Expresses the sense of the Senate that the effective date of any fundamental tax reform legislation should generally be January 1, 1987, while recognizing that appropriate transition rules may be necessary to avoid unintended adverse effects and recognizing further that retroactive effective dates may be necessary to extend certain provisions which expire before January 1, 1987.
United States · United States Congress · 18 December 1985
Amends the copyright law to prohibit a copyright holder from conveying the right to publicly perform an audiovisual work on non-network commercial television without simultaneously conveying the right to perform in synchronization any copyrighted music which accompanies such work.
United States · United States Congress · 18 December 1985
Air Passenger Safety and Equity Act of 1985 - Prohibits the receipts and disbursements of the Airport and Airway Trust Fund from being included in: (1) the Federal budget totals submitted by the President; or (2) the congressional budget. Exempts such receipts and disbursements from any general budget limitation imposed upon Federal expenditures or budget outlays.
United States · United States Congress · 17 December 1985
Higher Education Amendments of 1985 - Revises and reauthorizes through FY 1991 specified programs under the Higher Education Act of 1965 (HEA). Title I: Student Assistance - Part A: Grants to Students - Subpart I: Pell Grants - Extends the Pell Grant program. Revises program eligibility requirements. Revises maximum grant limits and cost of attendance formulas and rules. Sets forth a separate new family contribution schedule for Pell Grants. Sets forth a procedure with respect to award errors and overpayments. Subpart 2: Supplemental Educational Opportunity Grants - Authorizes appropriations for the Supplemental Educational Opportunity Grant Program. Revises program provisions relating to: (1) the maximum amount of such grants; (2) priority for needy students; and (3) apportionment. Subpart 3: State Student Incentive Grants - Authorizes appropriations for the State Student Incentive Grants Program. Sets forth a Federal share limitation under such program. Subpart 4: Student Support Service Programs - Authorizes appropriations for Student Support Service Programs. Revises program provisions, including provisions for veterans and for outreach and staff development. Subpart 5: Special Programs for Students Whose Families are Engaged in Migrant and Seasonal Farmwork - Authorizes appropriations for the program referred to under this subpart. Part B: Guaranteed Loans - Extends and revises the Guaranteed Student Loan Program (including the Federally-Insured Student Loan Program). Part C: Work Study Programs - Extends and revises work study programs (including work study for community service learning on behalf of low-income individuals and families). Part D: Direct Loans - Extends and revises the Direct Student Loan Program (including loan priority for needy students and interest rates on loans made after July 1, 1986). Part E: General Student Aid Provisions - Revises various provisions relating to HEA title IV (Student Assistance) programs generally. Title II: Institutional and Program Assistance - Part A: Continuing Postsecondary Education Program and Planning - Repeals title I (Continuing Postsecondary Education Program and Planning) under HEA. Provides for a National Advisory Council on Continuing Education. Part B: Libraries - Reauthorizes HEA provisions relating to libraries. Revises provisions relating to college library resources. Authorizes a study of the effectiveness of the needs criteria for the College Library Resource Program. Strengthens research library resources. Repeals specified provisions relating to libraries. Part C: Institutional Aid - Reauthorizes provisions relating to institutional aid. Part D: Teacher Training and Development - Subpart I: Teacher Training Programs for Higher Educational Personnel - Repeals part B (Teacher Training Programs) of Title V (Teacher Corps and Teacher Training Programs) of HEA. Subpart 2: Training for School Teachers To Teach Handicapped Children - Repeals part C (Training for Elementary and Secondary School Teachers to Teach Handicapped Children in Areas with a shortage) of title V of HEA. Subpart 3: Coordination - Repeals part D (Coordination of Education Professional Development) of title V of HEA. Subpart 4: Carl D. Perkins Scholarship Program - Authorizes specified appropriations for the Carl D. Perkins Scholarship Program for FY 1987 through 1991. Subpart 5: National Talented Teacher Fellowship Program - Authorizes specified appropriations for the National Talented Teacher Program for FY 1987 through 1991. Part E: International Education - Reauthorizes provisions related to international and foreign language study (including provisions on language and area centers, foreign language resource centers, summer institutes, and research). Authorizes specified appropriations for the provision of international education for FY 1987 through 1991. Part F: Construction and Renovation - (Reserved.) Part G: Cooperative Education - Authorizes specified appropriations for cooperative education for FY 1987 through 1991. Authorizes grants (and contracts for demonstration projects) for cooperative education programs. Part H: Graduate and Professional Programs - Subpart I: Grants to Institutions of Higher Education - Repeals part A (Grants to Institutions of Higher Education) of title IX (Graduate Programs) of HEA. Subpart 2: Fellowships for Graduate and Professional Study - Increases the maximum institutional and individual grant amounts for graduate and professional study under HEA for institutions and individuals. Establishes a minimum institutional payment. Authorizes specified appropriations for fellowships for graduate and professional study for FY 1987 through 1991. Subpart 3: National Graduate Fellows Program - Extends and limits the authorization of appropriations for the National Graduate Fellows Program through FY 1991. Requires that awardees under such program be known as Jacob J. Javits Fellows. Subpart 4: Training in the Legal Profession - Authorizes specified appropriations for HEA legal training programs for FY 1987 through 1991. Subpart 5: Law School Clinical Experience Programs - Authorizes specified appropriations for Law School Clinical Experience Programs under HEA for FY 1987 through 1991. Part I: Fund for the Improvement of Postsecondary Education - Authorizes specified appropriations for the Fund for the Improvement of Postsecondary Education for FY 1987 through 1991. Establishes a program of grants to and contract with higher education institutions and other agencies and organizations for innovative projects for community services and student financial independence. Authorizes specified appropriations for such program for FY 1987 through 1991. Establishes a Community College Unit in the Office of Postsecondary Education. Authorizes specified appropriations for the Minority Institutions Science Improvement Program for FY 1987 through 1991. Part J: Urban University Program - Repeals title XI (Urban Grant University Program) of HEA. Title III: Regional Education Laboratories and Research and Development Centers - Amends a specified provision of the General Education Provisions Act to reauthorize appropriations for regional educational laboratories and research and development centers through 1991.
United States · United States Congress · 17 December 1985
Requires the Secretary of Transportation (the Secretary) and the Administrator of the Federal Aviation Administration (the Administrator) to: (1) rescind rules, regulations, or orders which permit airlines to buy and sell landing rights at specified high density traffic airports; and (2) refrain from issuing a rule, regulation, or order regarding such airports that is inconsistent with this Act. Requires the Administrator to: (1) recall for reallocation any domestic or commuter air carrier operating rights ("slots") which are regulated at high density traffic airports and which are substantially unused; and (2) provide a mechanism for the allocation and reallocation of domestic slots. Requires that the allocation and reallocation of slots which are not made on a lottery basis shall be made semiannually by a separate Scheduling Committee established for each such high density traffic airport (unless the Committee unanimously agrees on another allocation interval). Requires the Secretary to allocate slots on lottery basis if the Committee cannot reach a unanimous allocation agreement. Requires the Administrator to recall slots currently in use in a manner that ensures that no carrier incurs the loss of an undue proportion of such slots. Prohibits the Secretary and the Administrator from permitting the transfer of slots for consideration or in a manner inconsistent with this Act. Requires the Secretary to declare null and void any such slot transfer effected between December 1, 1985 and the date of enactment of this Act.
United States · United States Congress · 13 December 1985
Proclaims October 23, 1986, as A Time of Remembrance for all victims of terrorism. Urges Americans to wear a purple ribbon in honor of the sacrifices made in pursuit of peace and freedom. Authorizes and requests the President to call upon U.S. departments, agencies, and other interested parties to fly U.S. flags at half staff.
United States · United States Congress · 11 December 1985
Amends the judicial code to increase the number of bankruptcy judges: (1) from two to three for the Eastern and Western Districts of Arkansas; (2) from seven to nine for the Northern District of California; (3) from four to six for the Eastern District of California; (4) from 12 to 19 for the Central District of California; (5) from three to four for the Southern District of California; (6) from two to four for the Middle District of Florida; (7) from four to six for the Northern District of Georgia; (8) from one to two for the Southern District of Georgia; (9) from one to two for Idaho; (10) from eight to ten for the Northern District of Illinois; (11) from two to three for the Central District of Illinois; (12) from two to three for the Northern District of Indiana; (13) from one to two for the Northern District of Iowa; (14) from one to two for the Southern District of Iowa; (15) from two to three for the Western District of Kentucky; (16) from two to three for Maryland; (17) from two to three for the Western District of Michigan (18) from one to two for Nebraska; (19) from two to three for Nevada; (20) from five to seven to New Jersey; (21) from one to two for the Northern District of Oklahoma; (22) from two to three for the Western District of Oklahoma; (23) from four to five for Oregon; (24) from one to two for South Carolina; (25) from two to three for the Eastern District of Tennessee; (26) from two to three for the Western District of Tennessee; (27) from four to five for the Northern District of Texas; (28) from three to six for the Southern District of Texas; (29) from two to three for the Western District of Texas; (30) from two to three for Utah; (31) from three to four for the Eastern District of Virginia; (32) from one to two for the Eastern District of Washington; (33) from four to five for the Western District of Washington; and (34) from three to four for the Eastern District of Wisconsin.
United States · United States Congress · 10 December 1985
Calls upon the President to direct the Agency for International Development to work in a global effort to provide universal access to childhood immunization by 1990 by: (1) assisting in the delivery, distribution, and use of vaccines; and (2) performing and supporting research and development activities that will be targeted at developing new vaccines and at modifying existing vaccines to make them more appropriate for use in developing countries. Declares that the President should appeal to the public to provide the necessary resources to achieve universal access to childhood immunization by 1990. Amends the Foreign Assistance Act of 1961 to increase the authorization of appropriations for FY 1987 for the Child Survival Fund.
United States · United States Congress · 9 December 1985
Amends the Deficit Reduction Act of 1984 to extend from August 1, 1985, until June 30, 1986, the special rules concerning the allocation of research and experimental expenditures to income from sources within the United States. Amends the Internal Revenue Code to extend from December 31, 1985, until June 30, 1986, the income tax credit for increased research and experimental expenditures. Extends from December 31, 1985, until June 30, 1986, the income tax deduction for expenditures to remove architectural and transportation barriers to the handicapped and elderly. Extends from December 31, 1985, until June 30, 1986, the moratorium on net operating loss carryover rules. Extends from January 1, 1986, until July 1, 1986, the moratorium on the issuance of regulations relating to faculty housing. Extends the targeted jobs income tax credit from December 31, 1985, until June 30, 1986. Extends the authorization for appropriations for administrative and publicity expenses through FY 1986. Extends from December 31, 1985, through June 30, 1986, provisions relating to the awarding of attorney's fees to a prevailing taxpayer in a Federal tax case. Extends from December 31, 1985, until June 30, 1986, the limited income tax exclusion for employer-provided educational assistance. Extends from December 31, 1985, until June 30, 1986, the income tax exclusion for amounts received under qualified group legal services plans. Extends from January 1, 1986, until July 1, 1986, the income tax exclusion for certain employer-provided commuting transportation. Extends from December 31, 1985, until June 30, 1986, the limited exclusion of dividends from a public utility that are reinvested in common stock of the utility. Extends from December 31, 1985, (until June 30, 1986, the investment tax credit for specified types of energy property. Extends from December 31, 1985, until June 30, 1986, the residential energy income tax credit. Extends from December 31, 1985, until June 30, 1986, social security coverage of retired Federal judges on active duty.
United States · United States Congress · 6 December 1985
Establishes a Senate Special Panel on Asylum to conduct a study of the general problems of persons from Communist countries seeking asylum in the United States. Requires a final report to the Senate within one year. Sets forth a specified limit on the expenses that such Panel may incur.
United States · United States Congress · 5 December 1985
Title I: Short Title - Farm Credit Partnership Act. Title II: Definitions - Defines "borrower" for the purposes of this Act as being any individual, family corporation, or family partnership that makes at least 50 percent of its gross income from farming and holds an agricultural loan. Limits assistance for any borrower to $400,000 for an individual, and $600,000 for a family corporation or partnership. Lists the qualifications a borrower must demonstrate to receive such assistance. Directs the Secretary of Agriculture to establish a cooperative Federal- State-Lender Agricultural Loan Interest Subsidy Program. Allows a borrower to apply to a lender for an interest rate subsidy with respect to any agriculture loan outstanding on October 1, 1985. Provides that the interest rate for such loans shall be fixed for a period of three years at a rate equal to the rate of the borrower's loan as of December 1, 1985, less up to five percent subsidy. Provides that two percent of the subsidy shall be paid by the Federal government, one to two percent by the State, and one percent by the lender. Requires participating States to submit a plan by June 1, 1986, and March 1 of each year thereafter, which: (1) designates a single agency to run the program; (2) assesses the interest subsidy needs of borrowers in the State; (3) describes the program for the provision of interest subsidies; and (4) estimates the amount of expenditures necessary. Requires the Secretary to review and rule on such plans by July 15, 1986, and April 15, in subsequent years. Provides for disapproval and sanctions of noncompliant plans. Title III: Agricultural Loan Principal Reduction - Allows a participating lender to write down the outstanding principal balance on a loan by such amount as will permit a borrower to qualify for assistance. Declares that the borrower shall not be liable for any of the written-down portion of the loan or the accrued interest attributable. Amends the Consolidated Farm and Rural Development Act to direct the Secretary to establish and carry out a guaranteed loan program pursuant to the Agricultural Loan Cancellation Program. Lists the qualifications and conditions for such guarantees. Title IV: Miscellaneous Provisions - Directs the Federal Deposit Insurance Corporation (FDIC), the Comptroller of the Currency (CCC), and the Federal Reserve System to develop an Inter-Agency Agricultural Task Force. Describes the responsibilities of such task force. Sets forth criminal penalties for anyone who embezzles, misapplies, steals, or obtains by fraud, false statement, or forgery, any funds, assets, or property provided under this Act. Authorizes appropriations.
United States · United States Congress · 2 December 1985
Amends Federal bankruptcy provisions to prevent the discharge of any order, rule, or determination made pursuant to a State administrative process for obtaining and enforcing child or spousal support orders.
United States · United States Congress · 14 November 1985
Farm Credit Partnership Act of 1985 - Defines "borrower" for the purposes of this Act as being any individual, family corporation, or family partnership that makes at least 50 percent of its gross income from farming and holds an agricultural loan. Limits assistance for any borrower to $500,000 for an individual, and $750,000 for a family corporation or partnership. Lists the qualifications a borrower must demonstrate to receive such assistance. Directs the Secretary of Agriculture to establish a Cooperative Federal-State-Lender Agricultural Loan Interest Subsidy Program. Allows a borrower to apply to a lender during calendar year 1986 for an interest rate subsidy with respect to any agricultural loan outstanding on October 1, 1985. Provides that the interest rate for such loans shall be fixed for a period of three years or the remaining term of the loan, whichever is less, at a rate equal to the three-year T-bill rate plus three percent, less up to five percent subsidy. Provides that two percent of the subsidy shall be paid by the Federal government, one to two percent by the State, and one percent by the lender. Requires participating States to submit a plan by March 1 of each year which: (1) designates a single agency to run the program; (2) assesses the interest subsidy needs of borrowers in the State; (3) describes the program for the provision of interest subsidies; and (4) estimates the amount of expenditures necessary. Requires the Secretary to review and rule on such plans by April 15 of each year. Authorizes appropriations. Allows an institution to write down the outstanding principal balance on a loan by as much as 30 percent in order to qualify a borrower for assistance under this Act. Declares that the borrower shall not be liable for any of the written-down loan or the accrued interest attributed. Directs the institutions to sell the written-down portion of such loans to the Capital Corporation established by the Farm Credit System. Directs the Secretary of the Treasury to provide to the Capital Corporation such sums necessary to carry out the purposes of this Act. Directs the Governor of the Federal Credit Administration to transfer to the Capital Corporation all moneys in specified revolving funds. Allows the Governor of the Farm Credit Administration to reduce the capital requirements of an institution by not more than 50 percent for up to three years. Forbids any consolidations or mergers of Federal Credit System institutions from October 1, 1985 through January 1, 1986. Prohibits such institutions from defaulting on an outstanding loan during such period. Prohibits the Farmers Home Administration of the United States Department of Agriculture from guaranteeing any new restructured loan during calendar year 1986. Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation to purchase capital instruments from qualified institutions. Authorizes such institutions to issue capital certificates. Sets forth criminal penalties for anyone who embezzles, misapplies, steals, or obtains by fraud, false statement, or forgery, any funds, assets, or property provided under this Act. Authorizes appropriations.
United States · United States Congress · 13 November 1985
Prohibits an automobile or truck manufacturer from selling or leasing, or offering to sell or lease, any new automobile or truck in interstate commerce to any person (including an automobile dealer) during any sales period at a price which is higher than the lowest price at which any other automobile or truck of the same model, similarly equipped, is sold or leased, or offered for sale or lease, by the manufacturer during that sales period. Sets forth specified exceptions to such prohibition. Permits any person to bring an action against a manufacturer to require compliance with this Act. Declares that nothing in this Act shall repeal, modify, or otherwise affect the application of any provision of the Federal antitrust laws. Declares that no provision of this Act shall be construed to preempt or supersede any provision of State law, except to the extent that the State law is inconsistent with a provision of this Act.
United States · United States Congress · 30 October 1985
Directs the Secretary of the Treasury to instruct the U.S. Executive Directors of specified development credit institutions to oppose any aid by such institutions for the production of any agricultural commodity for export if: (1) such commodity is in surplus on world markets; and (2) the export of such commodity would cause substantial injury to U.S. producers of the same or a similar competing commodity. Limits the amount of U.S. payment to any capital expansion such institution based upon the amount of assistance furnished by such institution for the production of surplus agricultural commodities that are injurious to U.S. producers or for the subsidization of the export of agricultural commodities from certain countries.
United States · United States Congress · 29 October 1985
Federal Incentives for State Health Care Professional Liability Reform Act of 1985 - Establishes a program to provide development and incentive grants to States for enacting medical malpractice liability reforms. States the reforms which must be in effect for States to receive incentive grants, including: (1) the manner of payment of damage awards exceeding $100,000; (2) a $250,000 limit on noneconomic losses; (3) the method for determining attorneys' fees; and (4) certain requirements regarding health care professional liability insurance. Requires each State receiving an incentive grant to prepare and transmit a report to the Secretary of Health and Human Services every two years describing: (1) State liability reforms enacted, adopted, or in effect; (2) activities conducted by the State with grants received under this Act; and (3) any current problems with respect to health care professional liability or health care professional liability insurance. Requires the Secretary to transmit periodic reports to the Congress summarizing the information provided by the States. Authorizes appropriations.
United States · United States Congress · 25 October 1985
Expresses the sense of the Congress that no part of any tax reform legislation based on the President's tax reform proposal submitted to the Congress on May 29, 1985, shall: (1) take effect before its date of enactment, but in no case earlier than July 1, 1986; or (2) apply to transactions occurring pursuant to a binding contract in effect prior to its date of enactment.
United States · United States Congress · 24 October 1985
Declares that no letter of offer, prior to March 1, 1986, shall be valid with respect to any proposed sales to Jordan of advanced weapons systems, including advanced aircraft and advanced air defense systems, that are described in the notification pursuant to the Arms Export Control Act, unless direct peace negotiations between Israel and Jordan are underway.
United States · United States Congress · 22 October 1985
Prohibits the President from issuing a letter of offer relating to proposed sales to Jordan of certain advanced weapons systems before the start of direct bilateral negotiations between Jordan and Israel. Prohibits delivery of any weapons if such a letter of offer is issued and accepted before enactment of this Act.
United States · United States Congress · 18 October 1985
Amends the Hobbs Act to redefine "extortion" to mean obtaining property from another with consent by use of actual or threatened force, violence or fear thereof, or wrongful use of fear not involving force or violence, or under color of official right. Expresses congressional intent not to: (1) exclude Federal jurisdiction on the ground that conduct involving force, violance, or fear thereof takes place in the course of a legitimate business or labor dispute, or on the ground that the conduct violates State or local law; or (2) chill legitimate labor activity by authorizing Federal prosecution for offenses occurring during a labor dispute not involving extortion.. Makes it a bar to a prosecution under this Act that the defendant's conduct: (1) was incidental to peaceful picketing in the course of a legitimate labor dispute; (2) consisted solely of minor bodily injury or property damage; or (3) was not intended to extort property.
United States · United States Congress · 16 October 1985
Dedicates the Cumberland terminus of the Chesapeake and Ohio Canal National Historical Park to J. Glenn Beall, Sr., in recognition of his outstanding efforts to protect the canal and tow path from development. Directs the Secretary of the Interior to design, locate, erect, and maintain a memorial to J. Glenn Beall, Sr., within the exterior boundaries of the park. Authorizes appropriations.
United States · United States Congress · 26 September 1985
Establishes the Motor Carrier Administration in the Department of Transportation, to be headed by an Administrator appointed by the President who shall report directly to the Secretary of Transportation. Creates the position of Deputy Administrator, to be appointed by the Secretary. Confers upon the Administrator duties and powers related to motor carriers and motor carrier safety under specified law. States that a decision of the Administrator implementing duties involving notice and hearing requirements is administratively final. Directs the Secretary to report to the Congress regarding a review of those Interstate Commerce Commission activities affecting motor carrier transportation which could be more efficiently performed by the Motor Carrier Administration.
United States · United States Congress · 25 September 1985
Balanced Budget and Emergency Deficit Control Act of 1985 - Amends the Congressional Budget Act of 1974 to eliminate the second concurrent resolution on the budget and thus provide for the annual adoption of a single concurrent resolution on the budget (budget resolution). Sets forth maximum Federal budget deficit amounts for each of fiscal years 1986 through 1990 providing for the incremental reduction of the deficit to zero by 1990. Prohibits either House of Congress from considering or adopting a budget resolution or a revision thereof providing for budget outlays exceeding revenues by more than the prescribed maximum deficit amount. Requires the Congress to complete action on any reconciliation bill or resolution to: (1) an original budget resolution by June 15 of each year; or (2) a revised budget resolution within 30 days after the revision is adopted. Provides that no amendment that would increase specific budget outlays or reduce specific revenues set forth in a budget resolution or reconciliation bill as reported shall be in order in the House or the Senate, unless such amendment provides for offsetting adjustments in other outlays and revenues to ensure that total outlays are not increased and total revenues are not reduced. Requires each Senate and House committee to report its subdivisions of allocated budget outlays and new budget authority within ten legislative days after the budget resolution is agreed to. Makes it out of order for the House or the Senate, after the Congress has completed action on the budget resolution for a fiscal year, to consider legislation that, if enacted, would: (1) provide for or require budget outlays or new budget authority in excess of the appropriate committee allocation reported in connection with such resolution, unless the legislation is favorably reported by the Committee on Appropriations of the House involved with a certification that the appropriate committee will take actions necessary to assure that enactment of such legislation will not result in a deficit exceeding the maximum deficit amount applicable; or (2) provide for new budget authority or spending authority or reduce revenues so that the resulting deficit would exceed the maximum deficit amount applicable. Requires the conference report on any legislation providing new budget authority or new or increased tax expenditures to disclose the information required to be disclosed in committee reports on such legislation. Requires the Federal budget transmitted to the Congress by the President each year, and revisions thereof, to set forth levels of outlays and revenues resulting in a deficit not in excess of the applicable maximum deficit amount. Permits the President to transmit alternative budgets satisfying such requirement. Requires the Director of the Office of Management and Budget and the Director of the Congressional Budget Office: (1) to estimate the levels of total revenues and budget levels for each fiscal year; (2) to estimate the rate of real economic growth during that year; (3) to determine whether the deficit for such year will exceed the applicable maximum deficit amount and whether such excess is statistically significant; and (4) if either Director determines that the maximum deficit amount will be exceeded, to submit a report to the President and the Congress specifying the amount of such excess, whether it is statistically significant, the estimated rate of real economic growth for that year, and the percentages by which automatic spending increases and relatively controllable expenditures shall be reduced during such year in order to eliminate such excess. Requires the President, upon receiving such a report, to: (1) issue an order that eliminates one-half of such excess by suspending or uniformly reducing (not below zero) automatic spending increases under Federal law for such year and the other half by sequestering such amounts of budget authority as are necessary to reduce each relatively controllable expenditure by a uniform percentage; and (2) send a message to both Houses of Congress identifying the total amount and percentage by which automatic spending increases are to be reduced, the total amount of budget authority to be sequestered, the amount of budget authority to be sequestered for each relatively controllable expenditure, and the account, department, establishment, project, or function affected by the cut in budget authority. (Authorizes the President to issue such an order if the reported excess is not statistically significant.) Directs the President to issue such order: (1) within 14 days after receiving such report if the estimate for real economic growth for the fiscal year is zero or greater; or (2) within 30 days if the estimate for real economic growth is less than zero. Authorizes the President, during such 30-day period, to submit to the Congress a joint resolution to: (1) reduce the deficit to an amount not exceeding the applicable maximum deficit amount; or (2) suspend the requirements of this Act for such fiscal year. Permits the President's message to the Congress to include alternative ways to reduce the deficit to an amount not exceeding the maximum deficit amount. Permits the Committee on the Budget of the House or the Senate, within ten days after the President has issued such an order, to report a joint resolution superseding such order. Makes it out of order for the House or the Senate to consider or agree to any such resolution which, if enacted, would cause the fiscal year deficit to exceed the maximum deficit amount. Sets forth House and Senate procedures for consideration of such a resolution. Waives specified provisions of this Act in any fiscal year for which a declaration of war has been enacted. Makes this Act applicable through FY 1990.