United States · United States Congress · 11 March 1993
Amends the Internal Revenue Code to require certain tax-exempt organizations to furnish each contributor, upon written request, a disclosure statement containing its gross income, expenses, disbursements, and information on certain highly compensated employees. Allows such organizations to charge a processing fee. Establishes a penalty for failure to provide a disclosure statement.
United States · United States Congress · 9 March 1993
Amends the Harmonized Tariff Schedule of the United States to exclude certain footwear and leather-related products assembled in beneficiary countries from duty-free treatment.
United States · United States Congress · 3 March 1993
Amends the Internal Revenue Code to make the low-income housing credit permanent. Modifies provisions concerning unused housing credit carryovers by States to allow States to carry over more unused credits from year to year. Provides that a unit shall not fail to be treated as low-income because it is occupied by students or persons enrolled in job training programs under the Job Training Partnership Act. Authorizes the Secretary of the Treasury to waive: (1) any recapture of credit (required to be included in tax) in the case of any de minimis error in complying with tests for qualified low-income housing projects; or (2) any annual recertification of tenant income if the entire building is occupied by low-income tenants. Determines the adjusted basis of any building (for purposes of the low-income housing credit) by taking into account the adjusted basis of the property used in community activity facilities if: (1) such facilities are designed to serve individuals meeting income requirements for the housing project; and (2) not more than 20 percent of the aggregate eligible basis of all buildings in the project is attributable to the aggregate basis of such facilities. Applies at-risk rules to low-income housing credit property that also qualifies for the historic site rehabilitation credit and to qualified lenders. Adds conditions prohibiting discrimination against Section 8 tenants for purposes of meeting extended low-income housing commitments required to receive credits.
United States · United States Congress · 25 February 1993
Repeals the Assault Weapon Manufacturing Strict Liability Act of 1990, signed by the Mayor of the District of Columbia. Restores or revives any provisions of law amended or repealed by it.
United States · United States Congress · 24 February 1993
Language of Government Act of 1993 - Declares English to be the official language of the U.S. Government. States that the Government has an affirmative obligation to preserve and enhance the role of English as the official language. Requires the Government to conduct its official business in English. Prohibits anyone from being denied Government services because they communicate in English.
United States · United States Congress · 18 February 1993
Undercharge Equity Act of 1992 - Amends Federal transportation law to authorize persons against whom a claim is made by a motor carrier of property (other than a household goods carrier) or by a nonhousehold goods freight forwarder for the collection of rates or charges in addition to the rates or charges originally collected by such carrier or freight forwarder to elect to satisfy such claim pursuant to a specified formula upon showing that: (1) the carrier or forwarder is no longer transporting property or is transporting property for the purpose of avoiding application of this Act; and (2) with respect to such claim, the person was offered a rate or charge other than the one legally on file with the Interstate Commerce Commission (ICC), the person tendered freight to the carrier or forwarder in reasonable reliance upon the offered transportation rate or charge, the carrier or forwarder did not properly or timely file with the ICC a tariff providing for such rate or charge or failed to execute a valid contract for transportation services, such rate or charge was collected by the carrier or forwarder, and the carrier or forwarder demands additional payment of a higher rate or charge filed in a tariff. Requires disputes regarding the aforementioned to be resolved by the court in which such claim is filed or by the ICC. Authorizes persons against whom the additional rate or charge for shipments is being sought to elect to satisfy by paying a certain formulated amount. Shortens the statute of limitations for the filing of claims: (1) by a motor common carrier for recovery of transportation or service charges; and (2) by a person to recover overcharges by a motor carrier. Permits motor carriers and shippers to resolve by mutual consent, subject to ICC review and approval, any overcharge and undercharge claims resulting from billing errors or incorrect tariff provisions arising from the inadvertent failure to properly and timely file and maintain agreed upon rates, rules, or classifications.
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
TABLE OF CONTENTS: Title I: Joint Budget Resolution Title II: Zero Based Budgeting and Decennial Sunsetting Title III: Spending Caps on the Growth of Entitlements for Fiscal Years 1994 through 2000 Title IV: Balanced Budget by Fiscal Year 2000 Balanced Budget Implementation Act - Title I: Joint Budget Resolution - Amends the Congressional Budget Act of 1974 to reform the budget process by requiring a joint resolution on the budget instead of the concurrent resolution on the budget. Title II: Zero Based Budgeting and Decennial Sunsetting - Terminates spending authority for unearned entitlements and high-cost discretionary spending programs for FY 1994, and discretionary spending programs (not including high-cost programs) for FY 1995, unless such spending is reauthorized after the date of enactment of this Act. Establishes a point of order against legislation that appropriates funds, which may be waived by a three-fifths vote of each House of Congress. Requires the reauthorization of discretionary spending authority and unearned entitlements every ten years beginning in the first decennial census year after 2000. Title III: Spending Caps on the Growth of Entitlements for Fiscal Years 1994 through 2000 - Declares that for FY 1994 through 2000 the total level of entitlement and mandatory spending, excluding social security, shall not exceed the total level for the previous fiscal year increased by the consumer price index and growth in eligible population. Requires sequestration of necessary to reduce spending. Provides for making uniform reductions with limitations. Lists programs and activities exempt from sequestration and providing exceptions, limitations, and special rules. Establishes a point of order against entitlement programs which may be waived by a three-fifths vote of each House. Title IV: Balanced Budget by Fiscal Year 2000 - Requires reduction of the maximum deficit amount to zero by FY 2000. Allows a waiver or suspension on the prohibition on exceeding such amount by a three-fifths vote of both Houses. Allows a waiver or suspension on exceeding the public debt limit by a three-fifths vote of both Houses. Excludes social security from the budget process. Establishes a point of order against any joint resolution on the budget that would decrease the excess of social security revenues over social security outlays, which may be waived by a three-fifths vote of each House. Authorizes the Congress to adopt budget procedures to eliminate the non-social security deficit. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require look-back sequestration in the last quarter of each fiscal year.
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
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
Constitutional Amendment - Prohibits in any fiscal year total Federal outlays from exceeding total receipts, unless a three-fifths roll call vote of both Houses of Congress authorizes a specific excess. Prohibits any increases in the public debt unless a three-fifths roll call vote of both Houses enacts legislation permitting otherwise. Directs the President to submit a balanced budget to the Congress. Permits any revenue-increasing bill to become law only if approved by a majority of the whole number of each House by roll call vote. Waives these provisions when a declaration of war is in effect.
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 · 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 · 26 January 1993
World University Games Commemorative Coin Act of 1993 - Authorizes the minting and issuance of five-dollar gold coins and one-dollar silver coins to commemorate American participation in the World University Games. Requires that all surcharges from the sale of such coins be paid to the Greater Buffalo Athletic Corporation to support amateur athletic programs, erect facilities for the use of such athletes, and to underwrite the cost of sponsoring the World University Games.
United States · United States Congress · 21 January 1993
Judicial Taxation Prohibition Act - Amends the Federal judicial code to deny to inferior Federal courts jurisdiction to issue any remedy, order, writ, or other judicial decree requiring the Federal Government or any State or local government to impose any new tax or to increase any existing tax or tax rate.
United States · United States Congress · 21 January 1993
Ronald Reagan Peace Dividend Investment Act - Amends the Congressional Budget Act of 1974 to provide for a reduction in the deficit and an increase in the personal income tax exemption when outlays in the defense category for FY 1993 or 1994 are estimated to be below the discretionary spending limit for such outlays. Requires an adjustment in such spending limits under such circumstances. Prohibits Senate consideration of legislation that would reduce defense spending below the spending limit for the defense category if such legislation does not allocate the total amount of reduced new budget authority or outlays between deficit reduction and increases in the personal income tax exemption.
United States · United States Congress · 21 January 1993
Economic and Employment 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 · 21 January 1993
Legislative Line Item Veto Act of 1993 - Amends the Congressional Budget and Impoundment Control Act of 1974 to grant the President legislative line item veto rescission authority. Makes such a rescission effective unless the Congress, during a review period of 20 calendar days, enacts a rescission disapproval bill.
United States · United States Congress · 21 January 1993
Constitutional Amendment - Declares that nothing in the Constitution shall be construed to prohibit individual or group prayer in public schools or other public institutions. States that no person shall be required by the United States or any State to participate in prayer. Provides that neither the United States nor any State shall compose prayers to be said in public schools.
![Official portrait of Sen. Faircloth, Lauch [R-NC]](https://www.congress.gov/img/member/f000437_200.jpg)