United States · United States Congress · 24 February 1993
Limited Partnership Rollup Reform Act of 1993 - Amends the Securities Exchange Act of 1934 to revise proxy solicitation rules with respect to limited partnership rollup transactions (in which general partners combine several limited partnerships into one unit that trades on a stock exchange, or a single limited partnership is reorganized so that some or all of the investors receive new securities or securities in another entity). Requires the Securities and Exchange Commission (SEC) to prescribe proxy rules to: (1) permit dissenting shareholders in a proposed rollup to contact, without filing soliciting material with the SEC, other limited partners before the transaction date in order to determine whether to solicit proxies, consents, or authorizations in opposition to the proposed transaction; (2) require the issuer to provide a shareholder (limited partner) with a list of all limited and general partners involved in the proposed rollup; (3) prohibit the direct or indirect payment of any person providing solicitation services (a broker-dealer) on the basis of whether the solicited proxies, consents, or authorizations either approve or disapprove the proposed transaction, or the transaction is approved or completed; (4) require the rollup soliciting material to be clear, concise, and understandable and summarize all effects of the proposed transaction, its risks, conflicts of interest, changes in voting rights and ownership interests, dissenters' rights, and any report received by the general partner that is prepared by an outside party and is materially related to the rollup transaction; and (5) give each shareholder at least 60 days to review the soliciting material. Authorizes the SEC to grant exemptions from these requirements. Excludes transactions involving certain kinds of limited partnerships from the meaning of limited partnership rollup transaction. Requires the rules of a national securities association to prevent association members from participating in any rollup transaction unless it protects specified rights of dissenting limited partners. Requires a national securities exchange to prohibit the listing of any security resulting from a rollup transaction, and the rules of a national securities association to prohibit the authorization for quotation on an association-sponsored automated interdealer quotation system of any security the SEC designates as a national market system security resulting from a rollup transaction, unless such dissenters' rights were provided for.
United States · United States Congress · 24 February 1993
Authorizes the President to provide assistance for victims of torture in the former Yugoslavia (without regard to U.S. diplomatic recognition of a republic), with a particular focus on victims of the war in Bosnia-Herzegovina. Makes such assistance available notwithstanding any provision of law, except for provisions prohibiting foreign assistance for the performance of, or research regarding, abortions or involuntary sterilization.
United States · United States Congress · 24 February 1993
Child Support Tax Equity Act of 1993 - Declares that nothing in this Act should be construed to affect the right of an individual or State to receive child support payments or the obligation of an individual to pay child support. Amends the Internal Revenue Code to allow a nonbusiness bad debt deduction for unpaid child support payments. Allows such deduction to taxpayers whose gross income does not exceed $50,000 and who are owed payments of at least $500. Requires payments to be delinquent during the entire taxable year. Provides a cost-of-living adjustment for amounts under this Act. Requires subsequent payments to be included in the gross income of the recipient. Requires any taxable unpaid child support payments of a taxpayer to be treated as amounts includible in gross income by reason of the discharge of indebtedness of the taxpayer. Allows a deduction for subsequently made payments.
United States · United States Congress · 17 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" under the 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 in a manner 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 · 16 February 1993
Rio Grande Designation Act of 1993 - Amends the Wild and Scenic Rivers Act to designate a segment of the Rio Grande, New Mexico, as a component of the National Wild and Scenic Rivers System. Requires a study of such River to be completed within three years after enactment of this Act. Directs the Secretary of the Interior to establish the Rio Grande Citizens Oversight Review Board to advise the Secretary with respect to: (1) a management plan for the River segment designated for the System; and (2) the preparation of the required study. Withdraws the Orilla Verde Recreation Area, New Mexico, from U.S. public land, mining, mineral, and geothermal leasing laws. Authorizes the Secretary to contract with the Smithsonian Institution for the completion of the prehistoric trackways study in New Mexico as required under current law.
United States · United States Congress · 4 February 1993
Amends the Federal Food, Drug, and Cosmetic Act to allow, on order of a veterinarian: (1) a new animal drug approved for one use to be used for a different purpose; and (2) a new drug approved for human use to be used in non-food producing animals.
United States · United States Congress · 4 February 1993
Bisti/De-Na-Zin Wilderness Expansion and Fossil Forest Protection Act - Amends the San Juan Wilderness Protection Act of 1984 to incorporate additional lands in New Mexico into the Bisti/De-Na-Zin Wilderness. Withdraws such lands from all forms of appropriation under the mining laws and from disposition under laws pertaining to mineral and geothermal leasing and mineral material sales. Authorizes the Secretary of the Interior to follow specified coal lease exchange procedures under the Code of Federal Regulations on any coal preference right lease application on such lands if the applicant demonstrates that coal exists in commercial quantities on such lands. Provides for the exchange of State and Navajo Indian lands located in the wilderness for other lands. Establishes the Fossil Forest Research Natural Area within New Mexico. Makes such area subject to the same withdrawal requirements and coal preference rights as the wilderness area designated under this Act. Prohibits livestock grazing in the Area. Directs the Secretary, acting through the Director of the Bureau of Land Management, to develop a baseline inventory of all categories of fossil resources and to conduct monitoring surveys. Requires the Secretary to submit a management plan for the Area to the Senate Committee on Energy and Natural Resources and the House Committee on Interior and Insular Affairs to include: (1) a plan for the implementation of a cooperative program with other agencies for laboratory and field interpretation and public education; (2) provisions for vehicle management; (3) procedures for the excavation and collection of fossil remains; and (4) mitigation and reclamation standards for activities that disturb the surface to the detriment of scenic and environmental values.
United States · United States Congress · 4 February 1993
Chacoan Outliers Protection Act of 1993 - Designates eight new outlying areas as Chaco Culture Archaeological Protection Sites associated with Chacoan Anasazi Indian culture in the San Juan Basin and surrounding areas of New Mexico and Colorado. Expands the boundaries and removes or reduces the acreage of certain existing Sites. Directs the Secretary of the Interior, subject to appropriations, to assist the Navajo Nation in the protection and management of such Sites located on lands of the Navajos through a grant, contract, or cooperative agreement entered into pursuant to the Indian Self-Determination and Education Act.
United States · United States Congress · 4 February 1993
Amends the Internal Revenue Code to permanently extend the period during which qualified mortgage bonds and mortgage credit certificates may be issued.
United States · United States Congress · 4 February 1993
Declares that the Congress opposes any attempt to lower the estate tax exemption or raise the effective rate of taxes on estates, or impose additional taxes on estates such as a capital gains tax at death, because such measures contradict the fundamental goal of the United States Government of encuraging long-term private saving through which productive investment that promotes economic growth can be realized.
United States · United States Congress · 3 February 1993
TABLE OF CONTENTS: Title I: Biotechnological Process Patents Title II: Biotechnological Material Patents Title I: Biotechnological Process Patents - Amends Federal patent law to cite conditions under which a claimed process of making or using a machine, manufacture, or composition of matter is not obvious (thereby enhancing the patentability prospects of certain biotechnology processes). Establishes a presumption of validity with respect to a process claim even through a related product claim is invalidated (thus allowing a patentee to prove that the process claim is independently patentable from the product claim). Title II: Biotechnological Material Patents - Makes any unauthorized person who imports or sells a product made by using a biotechnological material that is patented in the United States liable for patent infringement. Includes within the terms of such patents the right to exclude others from using, selling, or importing such products throughout or into the United States. Establishes exceptions to such requirements to the extent suitable to protect commercial investment made or business commenced before the effective date of such amendments.
United States · United States Congress · 3 February 1993
Authorizes the Air Force Memorial Foundation to establish a memorial on Federal land in the District of Columbia or its environs to honor the men and women who have served in the U.S. Air Force.
United States · United States Congress · 3 February 1993
Colonial New Mexico Commemorative Act - Directs the Secretary of the Interior to prepare a comprehensive management plan to: (1) establish procedures for undertaking research relating to colonial New Mexico and a program for publication of research; (2) develop a survey to evaluate known resources and identify features that require additional study; (3) identify a core system of interpretive sites that would provide a comprehensive overview of the colonial New Mexico story; (4) prepare interpretive materials to address the colonial New Mexico story to be made available to the public; (5) recommend high priority sites that need protection and assistance; (6) prepare options for the management of priority New Mexico resources; (7) recommend highway routes that could be designated as colonial New Mexico tour routes; and (8) evaluate the feasibility of and need for developing commemorative centers in New Mexico. Requires the Secretary to award grants to tribal, governmental, and nongovernmental entities to conserve and protect structures, objects, and sites, and help support cultural events, that have significance in the commemoration of colonial New Mexico. Directs the Secretary to prepare thematic nominations to the National Register of Historic Places of colonial sites and resources in New Mexico. Establishes the Colonial New Mexico Preservation Advisory Committee in the Department of the Interior. Authorizes the Secretary to: (1) develop commemorative centers, operate educational programs, provide technical assistance, conduct cultural events, and prepare media materials; and (2) pay to the city of Espanola, New Mexico, the Federal share of planning and operating a commemorative center as an element of the Spanish Commemorative Plaza. Directs the Secretary to undertake a special resource study of the major prehistoric and historic sites in the Galisteo Basin relating to colonial New Mexico. Authorizes appropriations. Redesignates the Masau Trail as the Pueblo Trail.
United States · United States Congress · 28 January 1993
TABLE OF CONTENTS: Title I: Regulatory Impact on Credit Availability Title II: Regulatory Micromanagement Title III: Unnecessary Cost, Paperwork and Regulation Title IV: Consumer Inconvenience, Paperwork, and Cost; Other Non-Supervisory Reforms Title V: Community Investment Economic Growth and 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 modify the criteria relating to real estate lending standards. (Sec. 102) Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to direct the Appraisal Subcommittee of the Federal Financial Institutions Examination Council to encourage the States to develop reciprocity agreements with respect to appraisals performed by licensed real estate appraisers in good standing. (Sec. 103) Amends the FDIA to exempt from its proscription against agreements inimical to the interests of the Federal Deposit Insurance Corporation (FDIC) those agreements governing the deposit custody or collateralization of funds of any public entity. Subtitle B: Impact of Accounting and Capital Issues on Credit Availability - (Secs. 111-113) Amends the FDIA to modify the guidelines regarding: (1) early identification of needed improvements in financial management; (2) accounting objectives, standards, and requirements; (3) recourse agreements; and (4) disclosure by insured depository institutions of the market value of their assets and liabilities. (Secs. 114-115) Requires the Department of the Treasury to report to the Congress on the impact that implementation of risk based capital standards will have upon domestic institutions and credit availability. Modifies the deadline for the promulgation of final regulations regarding certain capital standards that impact upon credit availability. Subtitle C: Disincentives to Risk-taking - (Secs. 121-123) - Amends specified Federal banking laws to modify guidelines with respect to: (1) the attachment of assets; and (2) the culpability standards for civil money penalties and for the directors and officers of an insured depository institution. Subtitle D: Miscellaneous Credit Availability Provisions - (Sec. 131) Requires each appropriate Federal banking agency and the National Credit Union Administration to establish an independent appellate process to review material supervisory determinations made at institutions under their purview. (Sec. 132) Amends the Federal Reserve Act to modify the aggregate limits on insider lending for specified small banks. (Sec. 133) Requires: (1) the Board to study and report to the Congress on certain sterile reserves associated with depository institutions; and (2) the Office of Management and Budget and the Congressional Budget Office to report to the Congress on the budgetary impact of interest payments associated with such reserves. (Sec. 134) Amends the FDIA to prescribe guidelines for the sale by an undercapitalized insured depository institution of credit card accounts receivable. (Sec. 135) Amends the Federal Home Loan Bank Act to modify the guidelines under which Federal Home Loan Banks may make: (1) secured advances to members for housing finance; and (2) investments for the purchase of participating interests in certain residential construction loans. Title II: Regulatory Micromanagement - (Sec. 201) Amends the FDIA to repeal the criteria for safety and soundness regarding the operational and managerial standards of insured depository institutions. (Sec. 202) Requires each appropriate Federal banking agency to review, and eliminate where appropriate, regulations requiring insured depository institutions to produce unnecessary internal written policies. (Secs. 203-204) Modifies the guidelines regarding deposit solicitation by insured depository institutions to include within the definition of "deposit broker" an undercapitalized institution. Sets forth a transition period for new Federal regulations which impose additional requirements on an insured depository institution. Title III: Unnecessary Cost, Paperwork and Regulation - Subtitle A: General Provisions - (Secs. 301-302) Amends the FDIA to: (1) extend from 18 months to 24 months the mandatory on-site examination cycle for specified small-sized, insured depository institutions; (2) allow exemption from its examination requirement of insured depository institutions within certain depository institution holding companies; and (3) direct Federal banking regulatory agencies to coordinate their examinations with their State counterparts. (Sec. 304) Modifies the call report requirements affecting insured depository institutions. (Sec. 305) Directs the Federal Financial Institutions Examination Council to review and reduce, where appropriate, the burdensome effect upon community banks of compliance requirements associated with risk-based capital rules. (Sec. 307) Amends Federal law to modify the recordkeeping requirements for monetary instruments transactions. (Sec. 308) Amends the FDIA to direct the FDIC to minimize the regulatory burden imposed upon insured depository institutions. (Sec. 309) Amends the Federal Reserve Act and the FDIA to limit the liability of domestic banks with respect to deposits made at foreign branches. Subtitle B: Holding Company Efficiencies - (Sec. 321) Amends the Bank Holding Company Act of 1956 to cite circumstances under which a company may acquire control of a bank undergoing a specified kind of reorganization. (Sec. 322) Amends the Securities Act of 1933 to exempt from its registration requirements any acquisitions resulting from such reorganization. (Sec. 323) Amends the Bank Holding Company Act of 1956 to: (1) modify the procedures under which bank holding companies acquire the shares of any company whose nonbanking activities are closely related to banking; and (2) provide for reduction of the post-approval waiting period for mergers, acquisition, or consolidation transactions. Title IV: Consumer Inconvenience, Paperwork, and Cost; Other Non-Supervisory Reforms - Subtitle A: Consumer Benefits and Lending Process Improvements - (Sec. 401) Directs the Board to study and report to the Congress on ways to streamline the credit-granting process. (Secs. 402-404) Amends the Truth in Lending Act to: (1) exempt specified credit transactions from its disclosure requirements; (2) repeal the "personal financial emergency" prerequisite to the Board's authority to modify rights relating to certain consumer credit transactions; and (3) modify the disclosure requirements for adjustable rate credit transactions. (Sec. 405) Amends the Truth in Savings Act to exempt business accounts from its purview. (Sec. 406) Amends the Real Estate Settlement Procedures Act to repeal certain disclosure requirements regarding federally related mortgage loans that are statutorily mandated elsewhere. Subtitle B: Other Non-Supervisory Reforms Part 1: Expedited Funds Availability and Electronic Transfers - (Secs. 411-413) Amends the Expedited Funds Availability Act to: (1) modify the availability schedules for both depository institution accounts and new accounts; and (2) authorize the Board to establish rules regarding losses and liability among the States and their political subdivisions in connection with any aspect of the payment system. (Sec. 414) Amends the Electronic Fund Transfer Act to increase consumer liability for unauthorized electronic funds transfers where the cardholder has substantially contributed to such use. Part 2: Amendments to The Truth in Lending Act - (Sec. 421) Amends the Truth in Lending Act to increase cardholder liability for unauthorized credit card use where the cardholder does not timely notify the card issuer. Part 3: Homeownership Amendments - (Sec. 431) Amends the Home Mortgage Disclosure Act of 1975 to modify the total assets criterion used to exempt depository institutions from its purview. (Sec. 432) Amends the Housing and Urban Development Act of 1968 to modify its homeownership debt counseling notification requirements. (Sec. 433) Forbids any Federal banking agency from requiring any institution under its purview to engage in data collection practices pursuant to the requirements of the Fair Housing Act other than data required under the Home Mortgage Disclosure Act of 1975. Part 4: Amendments to the Truth in Savings Act - (Sec. 441) Amends the Truth in Savings Act to limit a depository institution's civil liability for non-compliance with its disclosure requirements regarding: (1) annual percentage yield earned and the amounts of any fees or charges imposed; and (2) interest rates and terms of accounts in advertisements or solicitations. Part 5: Amendments to the Real Estate Settlements Procedures Act - (Sec. 451) Amends the Real Estate Settlement Procedures Act of 1974 to: (1) modify the disclosure requirements for federally related mortgage loans; and (2) exempt from its purview specified credit extension transactions. Title V: Community Investment - (Sec. 501) Amends the Community Reinvestment Act of 1977 to: (1) mandate that, in its examination of a financial institution, a Federal financial supervisory agency shall minimize the regulatory paperwork burdens associated with compliance with such Act; (2) delineate the evaluation parameters under which an application for a deposit facility shall be accepted; (3) amend the service area guidelines relating to credit for distressed communities; (4) include "special purpose banks" within its purview; and (5) authorize the Federal financial supervisory agencies to accept State examinations conducted pursuant to comparable State community reinvestment laws in satisfaction of the requirements of such Act.
United States · United States Congress · 27 January 1993
Amends Federal law to prohibit any State from imposing an income tax on the pension income of any individual who is not a resident or domiciliary of that State.
United States · United States Congress · 26 January 1993
Indian Employment and Investment Act of 1993 - Amends the Internal Revenue Code to establish an Indian reservation credit as a tax credit for investment in qualified Indian reservation property. Treats real estate rentals on an Indian reservation as the active conduct of a trade or business on such reservation. Declares that such credit applies only in the event that the Indian unemployment rate on the applicable reservation exceeds 300 percent of the national average unemployment rate at any time during the taxable year or in the immediately preceding taxable year. Provides for the recapture of such credit in the event such reservation property ceases to be investment property. Sets forth rules with respect to adjusting the basis of such property to reflect the investment credit. Allows businesses an employment credit for the qualified wages and qualified employee health insurance costs paid or incurred during a taxable year. Requires employees to perform substantially all services within an Indian reservation and to reside on or near such reservation. Limits such credit to the first seven years of employment and excludes employees earning more than $30,000 per year. Establishes penalties to be imposed if an employee is terminated before the day one year after the day on which the employee began work for the employer. Applies certain rules for computing the targeted jobs credit to such employment credit.
United States · United States Congress · 26 January 1993
Authorizes the President to present to Red Skelton, on behalf of the Congress, a gold medal in recognition of his performance as an entertainer and humanitarian. Authorizes the Secretary of the Treasury to strike a gold medal with suitable emblems and to strike and sell bronze duplicates. Declares such medals national medals. Authorizes appropriations.
United States · United States Congress · 26 January 1993
Older Americans' Freedom to Work Act of 1993 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to remove the limitation on the amount of outside income which beneficiaries who have attained retirement age may earn without incurring a reduction in benefits.
United States · United States Congress · 26 January 1993
Condemns the systematic and widespread rape of women and girls in Bosnia-Herzegovina (Bosnia). Commends: (1) former Secretary of State Eagleburger for denouncing crimes against humanity in the conflict in Bosnia and for calling for an international crimes tribunal to prosecute such crimes; and (2) the adoption of United Nations (UN) Security Council Resolution 798 and the declaration of the Council of Ministers of the European Community which denounced the systematic rape of Moslem women in such conflict. Urges the President to: (1) publicly condemn systematic rape in such conflict; (2) state that rape and forced pregnancy as tactics of war are crimes against humanity and war crimes; (3) support the establishment by the UN of an international tribunal to prosecute such crimes; (4) declare that the United States will offer no safe haven to war criminals; and (5) urge the UN to provide adequate funding for the UN Commission of Experts and an international tribunal for the full investigation and prosecution of rape. Expresses the sense of the Senate that: (1) all countries and organizations participating in humanitarian relief efforts in the former Yugoslavia should allocate resources for the treatment of rape victims; and (2) all parties to the conflict should take steps to protect rights of women and girls.
United States · United States Congress · 21 January 1993
Grassroots Campaigning and Election Reform Act of 1993 - Amends the Federal Election Campaign Act of 1971 to: (1) prohibit congressional candidates from raising campaign funds from outside their State; (2) prohibit the establishment of political committees by banks, labor organizations, or corporations; (3) reduce the amount a person may contribute to a political committee; (4) limit candidate expenditures of personal funds, family funds, or personal loans in connection with an election campaign; and (5) apply restrictions and requirements to soft money.
United States · United States Congress · 21 January 1993
National Writing Project Reauthorization Act of 1993 - Amends the Education Council Act of 1991 (Public Law 102-62) to extend the authorization of appropriations for the National Writing Project. Revises provisions relating to the National Writing Project, including provisions for Federal share, evaluation, and research and development activities.
United States · United States Congress · 21 January 1993
TABLE OF CONTENTS Title I: Investment Incentives Title II: Accounting Provisions Small Business Investment Act of 1993 - Title I: Investment Incentives - Amends the Internal Revenue Code to increase the dollar limitation on the election to expense certain depreciable business assets. Allows the expensing of certain start-up costs of small businesses. Allows certain adjustments and preferences to not be taken into account in computing the alternative minimum tax for qualified small business activities. Increases the allowable number of shareholders for small business corporations. Title II: Accounting Provisions - Allows an eligible small business to elect to use the inflation-adjusted first-in, first-out inventory method of valuing its inventories. Exempts certain small businesses from the uniform capitalization rules and the special rules for long-term contracts.
United States · United States Congress · 21 January 1993
Directs the Administrator of General Services to convey specified lands in the District of Columbia to the Columbia Hospital for Women for the construction of a National Women's Health Resource Center. Directs the Hospital to establish and operate three satellite health centers to provide health and counseling services for women, including teenage women, and their children. Provides for reversion to the United States if the land conveyed is not used for the Center. Provides damages to be paid by the Hospital for each year in which it fails to operate the satellite health centers, with a waiver in exceptional circumstances. Directs the Hospital to report annually for five years on the establishment, maintenance, and operation of the Center and the satellite health centers.
United States · United States Congress · 21 January 1993
Flexible Family Leave Tax Credit Act of 1993 - Title I: Family Leave Credit - Amends the Internal Revenue Code to allow an employer an income tax credit for 20 percent of qualified employee compensation with respect to an employee who is on family leave. Limits such credit to employers with 500 or fewer employees, the amount of qualified compensation, and the maximum period for the use of such leave. Provides that employees qualify for such program if they have no unused sick, disability, or similar leave. Title II: Deficit Neutral Revenue Offset - Increases corporate estimated tax payments for corporations that do not use the previous year's liability safe harbor. Modifies the rules for income annualization for such tax payments.
United States · United States Congress · 21 January 1993
TABLE OF CONTENTS: Title I: Economic Growth Incentives Title II: Revenue Offsets Subtitle A: General Provisions Subtitle B: Electromagnetic Spectrum Function Subtitle C: Other Provisions High Value Economic Growth Act of 1993 - Title I: Economic Growth Incentives - Amends the Internal Revenue Code to allow a first-time homebuyer who purchases a principal residence a tax credit for the purchase price of such residence, with limitations. Allows an additional depreciation deduction of 15 percent of the adjusted basis of certain equipment which is acquired in 1993. Requires such deduction to be taken in the taxable year after the year property was placed in service. Allows the special deduction in computing the alternative minimum tax. Allows penalty free-withdrawals from qualified retirement plans during 1992 for: (1) the acquisition costs of a principal residence of a first-time homebuyer who is the taxpayer or the child or grandchild of the taxpayer; or (2) the purchase of a new passenger automobile. Excludes certain rental real estate activities from treatment as a passive activity for purposes of determining passive activity losses and credits. Modifies exceptions to the exclusion of real property acquired by a qualified organization from the meaning of acquisition indebtedness. Applies the meaning of acquisition indebtedness to investments in certain large partnerships where the principal purpose of partnership allocations is not tax avoidance. Repeals the special rule for publicly traded partnerships with respect to the treatment of unrelated business taxable income. Title II: Revenue Offsets - Subtitle A: General Provisions - Amends the Higher Education Technical Amendments of 1991 to eliminate the statute of limitations on the collection of guaranteed student loans. Increases the base tax rate on ozone-depleting chemicals. Eliminates the different rates for initially listed chemicals and newly listed chemicals. Requires dealers in stock or securities to use the mark to market inventory accounting methods. Disallows interest on overpayments when certain refunds have been made. Subtitle B: Electromagnetic Spectrum Function - Emerging Telecommunications Technologies Act of 1993 - Directs the Secretary of Commerce and the Chairman of the Federal Communications Commission (FCC), at least semiannually, to conduct joint spectrum planning meetings with respect to future spectrum needs. Requires a report annually to the President on the meetings and any resulting recommendations. Directs the Secretary to submit to the President a report identifying bands of reallocable frequencies. Sets forth criteria for identifying, and recommending for reassignment, such frequencies. Directs the Secretary to convene a private sector advisory committee to submit to the Secretary, the FCC, and specified congressional committees recommendations for the reform of the process of allocating the electromagnetic spectrum between Federal and non-Federal use. Directs the Secreary, as part of the final report, to include a time-table for the effective dates by which the President shall, within 15 years, withdraw or limit assignments on frequencies specified in the report. Directs the President, after receiving the final report from the Secretary, to provide for the withdrawal or limitation of assignment to U.S. Government stations. Authorizes the President to substitute alternative frequencies in the interest of national security, important governmental needs, public health or safety, or Federal financial considerations. Authorizes appropriations to provide for the incremental costs directly attributable to the loss of the use of the frequency reassigned or otherwise limited under this Act. Sets forth directives for the FCC regarding the distribution of frequencies. Authorizes the President to reclaim reassigned frequencies for reassignment to Government stations. Directs the FCC to use competitive bidding procedures during spectrum reallocation pursuant to this Act. Subtitle C: Other Provisions - Amends Federal law to extend provisions regarding lump sum withdrawal of retirement contributions for civil service retirees from October 1995 to October 1996. Amends the Omnibus Budget Reconciliation Act of 1990 to extend the collection of Patent and Trademark Office user fees from 1995 to 1996. Establishes the amount to be collected in 1996. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to provide an extension of customs user fees from 1995 to 1996. Amends the Internal Revenue Code to extend the requirement for information returns on veterans' benefits from September 30, 1992, until September 30, 1998. Revises veterans law with respect to housing loan default procedure to take into account losses sustained on the resale of property. Amends the Social Security Act and Federal law to apply cetain Medicare limits to the Federal Employee Health Benefits Program for enrollees aged 65 or older.
United States · United States Congress · 21 January 1993
TABLE OF CONTENTS: Title I: Reduction of Special Interest Influence Subtitle A: Elimination of Political Action Committees from Federal Election Activities Subtitle B: Ban on Soft Money in Federal Elections Subtitle C: Other Activities Title II: Increase of Competition in Politics Title III: Reduction of Campaign Costs Title IV: Miscellaneous Provisions Subtitle A: Federal Election Commission Enforcement Authority Subtitle B: Other Provisions Comprehensive Campaign Finance Reform Act of 1993 - Title I: Reduction of Special Interest Influence - Subtitle A: Elimination of Political Action Committees from Federal Election Activities - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit Federal election activities by political action committees. Subtitle B: Ban on Soft Money in Federal Elections - (Sec. 111) Bans the use of soft money (any amount raised or contributed outside of source restrictions, contribution limits, and requirements of FECA) to influence any Federal election. (Sec. 112) Imposes information disclosure and mixed activity financial allocation requirements upon party committees. (Sec. 113) Permits a labor organization to make political communications and establish and solicit contributions for a separate segregated political fund only if it meets specified requirements concerning the employees it represents. (Sec. 115) Amends the Internal Revenue Code to deny tax-exempt status for certain politically active organizations. Subtitle C: Other Activities - (Secs. 121 through 123) Modifies contribution provisions for individuals, political parties, and intermediaries. (Sec. 124) Sets forth requirements for disclosure of independent expenditures through broadcast communications. Title II: Increase of Competition in Politics - (Sec. 201) Allows a congressional or senatorial campaign committee of a national political party to make specified contributions (seed money) to a non-incumbent Federal candidate (other than President or Vice President). (Sec. 202) Requires a candidate to file with the Federal Election Commission (FEC) and each other qualifying candidate a declaration of whether or not he or she intends to spend more than $250,000 from personal funds for the primary and general election. Allows the opponents of a candidate intending to exceed such limit to accept larger contributions from individuals. (Sec. 203) Prohibits franked mass mailings during an election year by a Member of Congress. (Sec. 204) Sets forth standards for congressional redistricting and reapportionment. (Sec. 205) Sets forth criminal penalties for using the mail, broadcast media, or interstate commerce to deprive or defraud citizens of the honest services of government officials or for fraudulently conducted elections. Title III: Reduction of Campaign Costs - Sets forth congressional findings regarding discounts for political broadcasts. Amends the Communications Act of 1934 to prohibit any broadcast licensee from preempting the use of of broadcasting time purchased by a qualified candidate. Title IV: Miscellaenous Provisions - Subtitle A: Federal Election Commission Enforcement Authority - (Secs. 401 through 412) Revises FECA enforcement provisions. Sets forth FEC injunctive relief authority. Increases specified penalties and makes certain discretionary penalties mandatory. Provides a specified private right of action. Subtitle B: Other Provisions - Requires disclosure of debt settlement and loan security agreements.
United States · United States Congress · 23 September 1992
Family Leave Tax Credit Act of 1992 - Amends the Internal Revenue Code to allow an employer an income tax credit for 20 percent of qualified employee compensation with respect to an employee who is on family leave. Defines family leave as leave in connection with the birth of a child, the placement of a child with the employee for adoption or foster care, the care of a child, spouse, or parent with a serious health condition, or the treatment of a serious health condition which makes the employee unable to perform the functions of his or her position. Limits such credit to employers with 500 or fewer employees, the amount of qualified compensation, and the maximum period for the use of such leave.
United States · United States Congress · 12 August 1992
Securities Private Enforcement Act of 1992 - Amends the Securities Exchange Act of 1934 to set a statute of limitations on private rights of action. Prescribes guidelines for the award of reasonable fees and expenses incurred by the prevailing party in any implied private action. Declares that a defendant may be liable jointly and severally for damages in an implied private action only if the trier of fact specifically determines that the defendant knowingly engaged in securities fraud. Sets forth a liability allocation scheme to determine the percentage of responsibility among the parties if the trier of facts finds that the defendant did not knowingly engage in securities fraud. Declares that in any implied right of action that is certified as a class action: (1) the share of damages that is awarded to the representative plaintiff shall be calculated in the same manner as the share awarded to all other members of the plaintiff class; (2) if a party is represented by any attorney who owns or has a beneficial interest in the securities that are the subject of the litigation the court shall determine whether such interest constitutes a conflict of interest sufficient to disqualify the attorney from representing the party; (3) no broker or dealer may solicit or accept remuneration for assisting an attorney in obtaining the representation of any member of the class; and (4) funds disgorged as a result of Securities and Exchange Commission action shall not be distributed as payment for attorneys' fees or expenses incurred by private parties seeking a share of the disgorged funds (except as otherwise determined by the court). Amends specified Federal securities law to provide that subpoenas for witnesses who are required to attend Federal court in any district may run into any other district.
United States · United States Congress · 31 July 1992
Indian Business Opportunities Enhancement Act - Amends the Buy Indian Act to require Federal agencies administering funds appropriated for the benefit of Indians to provide a preference to Indian preference enterprises that provide the greatest economic impact on Indian reservations in the award of a grant or contract. Directs such agencies to require the recipient of such a contract or grant to provide training and employment preferences to Indians and preference to Indian preference enterprises in awarding any subcontracts or subgrants under the contract or grant. Requires the contracting agency to provide a weighted preference to enterprises that meet specified criteria. Credits an enterprise that bids on a contract with a deduction equal to two percent of its bid amount for each of three specified factors that the enterprise swears it will satisfy in carrying out the contract. Subjects enterprises which fail to satisfy any of the factors which they swore they would satisfy to a penalty of ten percent of the contract amount, subject to reduction under certain circumstances. Requires the contracting officer to refer the matter to the appropriate United States Attorney for a determination of whether prosecution for fraud is appropriate if the officer believes that the matter involves deliberate misrepresentation by the enterprise. Requires a prospective awardee to submit an Indian preference compliance plan that is acceptable to the contracting officer before receiving any contract award. Authorizes the Secretary of the Interior to utilize Indian preference in the award of grants or contracts that do not involve funds for the benefit of Indians if the Secretary believes the preference will help fulfill his or her responsibilities toward Indians. Specifies annual objectives for each agency within the Department of the Interior to contract with Indian preference enterprises. Provides that the preferences provided by this Act shall have priority over all other Federal procurement preferences. Specifies the applicability of the amendments made by this Act to the Buy Indian Act with respect to the awarding of: (1) grants and contracts under the Indian Self-Determination and Educational Assistance Act; and (2) contracts under the Small Business Act. Provides that this Act shall apply with respect to the Five Civilized Tribes and the members of the Osage Tribe. Sets forth special rules governing implementation of the preferences provided under this Act in the awarding of Federal agency contracts. Requires each Federal agency, to the greatest extent feasible, to advertise Indian preference contracts before performance under such contracts must begin to permit a subsequent open market advertisement of the contract if it cannot be awarded under such rules through limited competition to an Indian preference enterprise. Mandates Department of Interior contract set asides for small and tribally-owned businesses. Requires an Indian preference enterprise to provide an affidavit certifying that it meets the requirements to be certified as eligible for the preferences provided under this Act. Sets forth special rules governing Indian preference enterprise joint ventures. Establishes a mechanism for enterprises to certify themselves as eligible for the preferences provided under this Act. Allows: (1) Federal agencies to investigate an enterprise's eligibility for such preferences; and (2) specified parties to file protests challenging an enterprise's self-certification. Establishes within the Department of the Interior an Office of Indian Business Utilization as the principal Federal office responsible for overseeing the administration of this Act. Requires an agency to revoke the enterprise's certification if it is found to have falsely certified itself as eligible for the preferences provided under this Act. Provides for appeal of denials of certification as an Indian Preference enterprise. Authorizes Federal agencies and grantees to delegate to an Indian tribal government the responsibility for monitoring a contractor's compliance with the agency's Indian preference requirements, under certain conditions. Provides for penalties with respect to individuals who misrepresent their status or the status of an enterprise in order to obtain a preference under this Act. Requires the Secretary, through the Director of the Office of Indian Business Utilization, to establish an Indian Enterprise Bonding Demonstration Program to assist Indian enterprises in obtaining bonds from traditional surety companies. Provides that the Secretary may, at his or her discretion, waive provisions of the Miller Act with respect to a Federal agency contract awarded to an Indian preference enterprise, under certain circumstances. Requires each agency of the Department of the Interior that issues a contract or subcontract under this Act or specified other Acts authorizing Federal contracts with or grants to Indian organizations or for the benefit of Indians to comply with the requirements of the Prompt Payment Act. Requires the Secretary to provide an alternative dispute resolution procedure for use by Indian preference enterprises. Amends the Federal criminal code to establish criminal penalties for violations of this Act. Authorizes the Secretary to negotiate and enter into cooperative agreements with Indian tribes to engage in cooperative manpower and job training and development programs. Requires the Bureau of Indian Affairs and the Indian Health Service, in all matters connected with establishing or developing facilities to provide services or assistance to Indians, to give priority consideration to locating such facilities on Indian reservation lands. Provides that any employment opportunities at such facilities shall be subject to the employment preferences set forth by this Act. Requires the Secretary to make grants or enter into contracts with an eligible entity to establish and operate an Indian Enterprise Data Center to gather information on Indian preference enterprises. Requires the Center to provide an annual list of Indian enterprises eligible for various minority preferences to the Federal agencies that administer such preferences, and to private entities requesting such list.
United States · United States Congress · 29 July 1992
Chemical Control Amendments Act of 1992 - Amends the Comprehensive Drug Abuse Prevention and Control Act of 1970 (Comprehensive Act) to: (1) replace references to "listed precursor chemicals" with "list I chemicals" and "listed essential chemicals" with "list II chemicals"; and (2) revise the definition of "regulated person" to include individuals who act as brokers or traders for international transactions involving a listed chemical, tableting machine, or encapsulating machine. Redefines "regulated transaction" to: (1) include international transactions involving shipment of a threshold amount of a listed chemical; and (2) exclude any transaction in a chemical mixture (current law) which the Attorney General has designated as exempt based on a finding that the mixture is formulated in such a way that it cannot be easily used in the illicit production of a controlled substance and that the listed chemical or chemicals contained in the mixture cannot be readily recovered. Removes the exemption for products in which ephedrine is the only active medicinal ingredient in therapeutic amounts. Permits the Attorney General to remove by regulation the exemption for other drugs containing listed chemicals if it is determined that they are being diverted for use in the illicit production of a controlled substance. Sets forth criteria for making such determination. Permits manufactures to retain exemptions for specific drug products if they can demonstrate that such a product is manufactured and distributed in a way which prevents diversion. Provides registration requirements for list I chemicals, including the authority to revoke or deny based on public interest grounds, immediate suspension in cases of imminent danger to the public health or safety, and criminal penalties for distribution, importation, or exportation without the required registration. Specifies that registration is not required for distribution, importation, or exportation of drug products containing list I chemicals covered by the legal drug exemption. Requires each regulated person that manufactures a listed chemical to report annually to the Attorney General information concerning listed chemicals manufactured by such regulated person. Makes any person located in the United States who is a broker or trader for an international transaction in a listed chemical that is a regulated transaction solely because of that person's involvement as broker or trader, with respect to that transaction, subject to all of the notification, reporting, recordkeeping, and other requirements placed upon exporters of listed chemicals by the Comprehensive Act. Provides for exemption authority and additional penalties. Authorizes the Attorney General to reduce controls on the importation of specified chemicals by modifying or eliminating the advance notice requirement. Adds specific criminal penalties for: (1) attempting to evade reporting requirements by falsely claiming that a shipment is destined for a country for which a waiver has been established; and (2) smuggling of listed chemicals. Amends list I to add benzaldehyde and nitroethane, and delete D-lysergic acid, N-ethylephedrine, and N-ethylpseudoephedrine. Eliminates "regular supplier" status and creates "regular importer" status. Modifies the definition of "controlled premises" to include places where listed chemicals or records relating to the manufacture, distribution, or disposition of listed chemicals are maintained. Makes it a felony for a person who possesses a listed chemical with intent that it be used in the illegal manufacture of a controlled substance to manage the listed chemical or waste from the manufacture of a controlled substance other than as required under the Solid Waste Disposal Act. Specifies that, in addition to a penalty that may be imposed for the illegal manufacture, possession, or distribution of a listed chemical or toxic residue of a clandestine laboratory, a person who violates such prohibition shall be assessed costs of the initial cleanup and disposal of the listed chemical and contaminated property and the cost of restoring property damaged by exposure to such chemical. Subjects listed chemicals to the same forfeiture provisions which apply to controlled substances. Amends the Health Care Quality Improvement Act of 1986 to require the Secretary of Health and Human Services to make available to the Attorney General information in the national practitioner data bank.
United States · United States Congress · 29 July 1992
Monitored Retrievable Storage Facility Accountability Act - Amends the Nuclear Waste Policy Act of 1982 to prohibit the Secretary of Energy from awarding certain Phase II-B grant funds earmarked to demonstrate successful preliminary intergovernmental coordination and siting possibilities unless the Nuclear Waste Negotiator reports that there is a reasonable likelihood that: (1) a certain agreement can be negotiated with the affected State, Indian tribe, or local governmental unit; (2) the monitored retrievable storage facility will be able to comply with the affected State's environmental laws; and (3) the Federal Government will be able to acquire all necessary water rights to construct and operate the monitored retrievable storage facility.
United States · United States Congress · 27 July 1992
Declares that the Congress acknowledges and appreciates the commitment, devotion, and sacrifices of present and former military families. Designates November 23, 1992, as National Military Families Recognition Day.
![Official portrait of Sen. Domenici, Pete V. [R-NM]](https://www.congress.gov/img/member/d000407_200.jpg)