United States · United States Congress · 23 June 1986
Authorizes the President, on behalf of the Congress, to present a gold medal to Red Skelton in recognition of his work on behalf of Americans. Authorizes appropriations. Authorizes the Secretary of the Treasury to provide for the sale of bronze duplicates of the medal.
United States · United States Congress · 23 June 1986
White House Conference on Small Business Authorization Act - Calls upon the President to conduct a National White House Conference on Small Business once every four years to: (1) increase public awareness of the contributions of small business; (2) identify small business problems; (3) examine the status of minority and women small business owners; (4) assist small business in carrying out its role as the nation's job creator; (5) develop specific recommendations for executive and legislative action; and (6) review the status of recommendations adopted at the Conferences. Authorizes and directs Federal departments, agencies, and instrumentalities to provide support and assistance to the planning of such Conferences. Requires a final report of the Conference, within six months from the date a Conference is convened, to be submitted to the President and the Congress. Requires the Small Business Administration to report annually to the Congress for the next three years following the submission of the final report of the Conference. Authorizes appropriations.
United States · United States Congress · 10 June 1986
Uniformed and Overseas Citizens Absentee Voting Act - Requires States to provide by law for elections for Federal office: (1) absentee registration and absentee voting for uniformed services voters and overseas voters; and (2) the use of alternative write-in absentee ballots by overseas voters when State absentee ballots are not available. Directs the President to designate the head of an executive department to have primary responsibility for the administrative functions of this Act, including: (1) prescribing an official postcard form containing a voter registration and an absentee ballot application; (2) prescribing an alternative write-in ballot for overseas voters; (3) prescribing forms and designs for balloting materials; (4) distributing election materials; (5) reporting to the Congress in the year immediately following a presidential election year on its effectiveness; and (6) consulting State and local election officials in carrying out this Act. Provides for the distribution of official postcards. Sets forth recommendations to the States in carrying out provisions of this Act. Provides for Federal and State write-in absentee ballots for overseas voters. Declares balloting materials under this Act free of postage. Establishes criminal and civil penalties for violations of this Act.
United States · United States Congress · 4 June 1986
Extends until September 30, 1991, the expiration date of the Defense Production Act of 1950. Repeals a certain annual reporting requirement under such Act.
United States · United States Congress · 29 May 1986
Housing Act of 1986 - Title I: Program Extensions and Amendments - Subtitle A: General Extension of Programs - Amends the National Housing Act to extend authority through September 30, 1987, for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) mortgage co-insurance, including rental rehabilitation and development projects; (5) graduated payment and indexed mortgage insurance; (6) the demonstration mortgage reinsurance program; (7) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (8) mortgage insurance for land development; and (9) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1964 to extend urban rehabilitation loan authority through September 30, 1987. Amends the Housing Act of 1949 to extend Farmers Home Administration authority through September 30, 1987, for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; and (2) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1968 to extend authority for national flood insurance, including emergency implementation and flood-risk zones through September 30, 1987. Limits premium increases through such period to not more than a prorated annual of ten percent. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend indefinitely the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families. Extends the Home Mortgage Disclosure Act of 1975 through September 30, 1990. Subtitle B: Mortgage Insurance and Secondary Mortgage Market Programs - Amends the National Housing Act to set premium charge limits for Federal Housing Administration (FHA) mortgage insurance. Requires the Secretary of Housing and Urban Development to certify to the Congress 90 days prior to any fee increase that such increase is solely for the purpose of meeting anticipated insurance claims and administrative expenses. Raises FHA multi-family mortgage limits. Requires States, in order to apply for FHA refinancing mortgage insurance for health care facilities, to: (1) conduct a marketwide assessment of the need for such a facility; (2) obtain an independent feasibility study for such a facility; and (3) report the results of such studies to the Secretary. Makes nursing homes, intermediate care facilities, and board and care homes eligible for such refinancing. Makes public nursing homes, intermediate care facilities, and board and care homes eligible for mortgage insurance. Requires State reports similar to those required for mortgage refinancing for public nursing home and hospital mortgage insurance. Authorizes city and State housing authorities to use unexpended low-income rental and cooperative housing funds for interest and rental assistance payments if so agreed to by the housing authorities and the Department of Housing and Urban Development (HUD). Increases FHA authority to insure adjustable rate single-family mortgages. Prohibits the imposition of user fees on Government-sponsored secondary mortgage market agencies. Directs the Secretary to take appropriate administrative actions to reduce losses on mortgage insurance programs. Authorizes the Secretary to require mortgagees and lenders to report the taxpayer identification numbers of National Housing Act borrowers. Requires mortgagees with high default rates to submit reports, including proposed corrective steps, to the Secretary. Transfers mortgage insurance programs for Hawaiian homelands and Indian lands from the Mutual Mortgage Insurance Fund to the General Insurance Fund of the Treasury. Makes the rule revising regulations under title I of the National Housing Act, which was published October 25, 1985, and which became effective on January 15, 1986, ineffective until January 1, 1987. Subtitle C: Community and Neighborhood Development and Conservation Programs - Amends the Housing and Community Development Act of 1974 to extend community development block grant entitlement authority for certain metropolitan city and urban county areas through September 30, 1987. Reduces FY 1988 grants by 50 percent to any such entity that loses its entitlement classification, with the remaining 50 percent allocated to the small city community development program (for which such entity would be eligible). Considers the counties of Kauai, Maui, and Hawaii in the State of Hawaii as cities for purposes of the urban development action grant (UDAG) program. Authorizes FY 1987 appropriations for UDAG. Modifies UDAG selection criteria so that: (1) 65 percent of such grants are awarded on the basis of distress, impact, and project quality; and (2) 35 percent on project quality alone. Awards bonus points for certain cities that have not received a grant since October 15, 1984. Requires the Comptroller General to: (1) report to the Congress within six months, and every three years thereafter, regarding such selection criteria and eligibility standards; and (2) report to the Congress within three months of the final FY 1986 grant competition regarding targeting of grants, geographic distribution, funding levels, and economic development. Prohibits relocating a business from one UDAG area to another unless the Secretary determines that no adverse effect will result. Authorizes FY 1987 appropriations for the: (1) community development block grant program; and (2) urban homesteading program. Amends the Housing Act of 1964 to prohibit risk premiums or loan fees under the rehabilitation loan program. Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1987 appropriations for the Neighborhood Reinvestment Corporation. Amends the Housing and Urban-Rural Recovery Act of 1983 to authorize FY 1986 and 1987 appropriations for the neighborhood development demonstration program. Subtitle D: Miscellaneous Program Amendments - Amends the National Flood Insurance Act to authorize FY 1986 and 1987 appropriations for flood insurance program studies. Amends the Solar Energy and Energy Conservation Bank Act to authorize FY 1986 and 1987 appropriations for residential and commercial solar energy improvement. Amends the Housing and Urban Development Act of 1970 to authorize FY 1986 and 1987 appropriations for housing research and project development. Title II: Housing Assistance - Subtitle A: Programs Under United States Housing Act of 1937 - Amends the United States Housing Act of 1937 to authorize FY 1986 and 1987 budget authority for lower income housing. Permits recaptured development funds for Indian housing to be reused. Requires: (1) 15-year terms for annual contributions contracts for (section 8) existing dwellings; (2) administrative and preliminary fees to be calculated according to the method in effect prior to January 1, 1985; and (3) an annual adjustment of fair market rents as of October 1 of each year. Authorizes FY 1986 and 1987 appropriations for the rental rehabilitation and development program. Extends eligibility to housing which is owned by State or locally chartered neighborhood nonprofit organizations. Authorizes the Secretary to require HUD applicants or participants to provide social security or employer identification numbers in order to verify eligibility. Permits residents of public housing projects to form resident management corporations. Requires such corporations to obtain fidelity bonding and insurance and have their records audited annually. Authorizes such projects to receive comprehensive improvement assistance. Provides for: (1) retention of excess revenues; and (2) resident management technical assistance and training. Subtitle B: Other Housing Assistance Programs - Amends the Housing and Community Development Amendments of 1978 to direct the Secretary in acquiring insured multifamily housing projects to comply with the goals of such Act in determining bid amounts. Requires tenant notice and comment when HUD: (1) approves a transfer of physical assets, or a capital improvement loan; or (2) proposes to sell a mortgage secured by a multifamily housing project. Prohibits subsidized project owners from discriminating against certificate or voucher holders solely because of the status of such prospective tenant as the holder of a certificate or voucher. Amends the Housing Act of 1959 to authorize FY 1986 and 1987 appropriations for housing for the elderly or the handicapped. Bases interest rates on the most recently issued 30-year Treasury obligations. Requires that at least 15 percent of annual appropriations for such elderly or handicapped housing be allocated for the nonelderly handicapped. Directs the Secretary to establish new and more appropriate housing and related service options for the nonelderly handicapped. Replaces the existing subsidy system with a 240-month contract to cover actual costs not covered by project income. Provides for the continued commitment of certain funds for the homeownership program. Amends the Congregate Housing Services Act of 1978 to authorize FY 1986 and 1987 appropriations for congregate services. Title III: Rural Housing - Amends the Housing Act of 1949 to extend rural housing insurance and guaranty authority through FY 1987. (Sets forth limits on such authority for FY 1986 and 1987.) Authorizes FY 1987 appropriations for: (1) rehabilitation grants; (2) structural rehabilitation; (3) the meeting of obligations issued under the rural housing insurance fund; (4) farm labor housing; (5) self-help housing; (6) housing preservation; and (7) administrative costs. Authorizes the Secretary, as approved in FY 1986 and 1987 appropriations, to enter into rental assistance payment contracts. Extends the 10,000-20,000 population rural area classification date to September 30, 1987. Establishes a conventional financing demonstration program under the single-family rural housing program. Limits such program to not more than 200 units in each of five geographic regions. Authorizes the Secretary to use such demonstration projects for multifamily housing. Requires the Department of Agriculture to make or insure loans for rural manufactured homes for the same time period applicable under section 2 of the National Housing Act. Provides that rural housing assistance shall be available to single persons who are elderly, handicapped, or paying at least 50 percent of their income for rent. Title IV: Shelter Program - Part A: General Provisions - Emergency Food and Shelter Act of 1986 - Establishes within HUD the Emergency Food and Shelter Program National Board. Directs the Secretary to enter into an interagency agreement with the Federal Emergency Management Agency (FEMA) to constitute and administer such Board. Terminates such Board as of October 1, 1991. States that such Board shall be made up of persons from specified private groups and Federal agencies. Establishes local boards to determine fund distribution. Directs FEMA to provide the Board with administrative and liaison services. Provides for: (1) an annual Board audit; (2) access to recipient records; and (3) an annual report to the Congress. Part B: Emergency Food and Shelter Grants - Directs the Secretary to award a grant to the Board in the full amount appropriated for the emergency food and shelter program. Sets forth grant purposes and program guidelines. Limits administrative costs. Authorizes FY 1987 and 1988 appropriations. Permits unobligated funds to be carried over to the next fiscal year. Part C: Transitional Housing Demonstration Program - Directs the Secretary to establish a demonstration program to provide housing and support services for the homeless, focusing on those persons capable of moving into traditional housing and independent living. Authorizes assistance as: (1) non-interest bearing advances up to $20,000 to obtain or rehabilitate housing; (2) annual payments of up to 75 percent of operating costs; and (3) technical assistance. Directs the Secretary to forgive advance repayment if: (1) the structure is used as housing for the homeless for at least ten years; or (2) the Secretary finds there is no longer a housing need and the structure is used for another charitable purpose for the remainder of such ten-year period. Directs the Secretary to: (1) establish application procedures and selection criteria; (2) issue program guidelines within 180 days and to publish annual guidelines; and (3) issue an interim report within three months after the end of FY 1987 and a final report within six months after the end of FY 1988. States that occupants shall pay rent in accordance with section 3 (a) of the Housing Act of 1937. Authorizes FY 1987 appropriations. Limits FY 1987 budget authority to $10,000,000. Subtitle D: Emergency Shelter Grants Program - Directs the Secretary to establish an emergency shelter grant program for: (1) renovation and conversion of buildings as emergency shelters; (2) provision of essential services; and (3) shelter maintenance and operation. Directs the Secretary to allocate grants to States, metropolitan cities, and urban counties under the same formula used for the community block grant program. States that if a metropolitan city or urban county would receive a fiscal year grant of less than $30,000, such sum shall instead be reallocated to the State. Authorizes local governments to distribute such grants to nonprofit organizations. Sets forth a reallocation procedure for unused grant funds. Requires grantees to provide matching funds and a certification of use. Authorizes FY 1987 appropriations. Title V: Nehemiah Housing Opportunity Grants - Authorizes the Secretary to make grants to nonprofit organizations for non-interest bearing second mortgages for new or rehabilitated homes. Sets maximum loans at $15,000. Requires at least a ten percent downpayment. Prohibits leasing. Sets family income eligibility at not more than the greater of: (1) 115 percent of the local metropolitan median income for a family of four; or (2) the national median income for a family of four. Sets forth criteria for: (1) grant selection; and (2) conditions of assistance. Establishes in the Treasury the Nehemiah Housing Opportunity Fund. Requires an annual report to the Congress. Authorizes FY 1986 and 1987 appropriations. Title VI: Fair Housing - Authorizes the Secretary to enter into contracts or cooperative agreements with public or private entities for programs to prevent or eliminate discriminatory housing practices. Authorizes FY 1986 and 1987 appropriations.
United States · United States Congress · 21 May 1986
Federal Savings and Loan Insurance Corporation Recapitalization Act of 1986 - Amends the Federal Home Loan Bank Act to require the Federal Home Loan Bank Board (Board) to charter the Financing Corporation. Requires the Corporation to be directed and operated by a Directorate consisting of the Director of the Office of Finance of the Federal Home Loan Banks (Banks) and two other members selected by the Chairman of the Board from presidents of the Banks or their successors. Requires each Bank to invest in nonvoting capital stock of the Corporation. Limits the cumulative investment of all Banks to $3,000,000,000 and of each Bank to the sum of its required reserves plus its undivided profits, as prescribed by this Act. Sets forth a formula for determining the prorated portion of funds to be invested by each Bank. Restricts dividend payments by a Bank until it invests its required amount. Empowers the Corporation to borrow, to issue stock to Banks, to invest in Federal Savings and Loan Insurance Corporation (FSLIC) securities, and to issue debt the proceeds of which it shall invest in the FSLIC. Provides that the Corporation shall have no employees. Authorizes the Directorate to authorize Bank and Board employees to act on behalf of the Corporation. Authorizes Federal Reserve banks to act as depositaries, custodians, and fiscal agents for the Corporation. Provides that the Corporation shall be exclusively liable for its obligations which shall be lawful investments and exempt securities under laws administered by the Securities and Exchange Commission. Prohibits the Corporation from making any net new borrowings after December 31, 1996. Provides that General Accounting Office audits of the Corporation shall not be limited to periods during which Government capital has been invested therein. Directs the Corporation to invest assets that it does not invest in the FSLIC in the same obligations in which Banks are permitted to invest reserves. Limits the amount of issued and outstanding obligations of the Corporation. Requires the liquidation of the Corporation and the retirement of its obligations by December 31, 2026. Amends the Government Corporations Control Act to establish the Corporation as a mixed ownership Government corporation. Authorizes the FSLIC to issue nonredeemable capital certificates and redeemable nonvoting capital stock which shall be invested in by the Corporation, shall be included as part of the primary reserve of the FSLIC, and shall pay dividends equal to the Corporation's interest payments on its obligations and issuance costs, with specified exceptions. Authorizes the FSLIC to use accumulated contributions to its equity return account to pay off and retire its capital stock upon the maturity of all Corporation obligations. Sets forth formulae for calculating the FSLIC's annual contributions to such account beginning in 1997 based on the fraction of the aggregate amount of all accounts of all insured members equal to FSLIC reserves. Provides that certain statutorily prescribed actions regarding the FSLIC's primary and secondary reserves shall not apply as long as shares of its capital stock are outstanding. Allows the Board to authorize a Bank to declare and pay dividends out of its undivided profits or legal reserves, only after such Bank has reduced all other reserves to zero, if: (1) the Bank incurs a charge-off or expense related to its investment in the Corporation; and (2) the Board determines that there is an extraordinary need for such Bank's member institutions to receive dividends. Provides that provisions concerning retirement of the FSLIC's capital stock shall not apply to FSLIC stock issued to the Corporation under this Act.
United States · United States Congress · 21 May 1986
Amends the National Housing Act to extend authority through September 30, 1987, for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) homeownership for lower income families including mortgage insurance authority and housing stimulus authority; (5) mortgage co-insurance, including rental rehabilitation and development projects; (6) graduated payment and indexed mortgage insurance; (7) the demonstration mortgage reinsurance program; (8) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (9) mortgage insurance for land development; and (10) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1964 to extend urban rehabilitation loan authority through September 30, 1987. Amends the Housing Act of 1949 to extend Farmers Home Administration Authority through September 30, 1987, for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; (2) rural communities with 10,000 - 20,000 population to participate in rural housing programs; and (3) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1968 to extend authority for national flood insurance, including emergency implementation and flood-risk zones, through September 30, 1987. Amends the National Housing Act to extend authority for the national crime insurance program through September 30, 1987. Amends the Housing and Community Development Act of 1974 to extend community development block grant entitlement authority for certain metropolitan city and urban county areas through September 30, 1987. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families through September 30, 1987. Extends the Home Mortgage Disclosure Act through September 30, 1987.
United States · United States Congress · 21 May 1986
Expresses the gratitude of the Senate, on behalf of the American people, to Prime Minister Thatcher and the British Government and people for their support of U.S. actions against Libyan terrorism.
United States · United States Congress · 15 May 1986
Repeals provisions of the Department of Defense Authorization Act, 1985 which: (1) provide a remedy against the United States for loss of property, personal injury, or death due to exposure to radiation based on acts or omissions by a contractor conducting atomic weapons tests under a contract with the United States; and (2) preclude any other civil action by individuals against a contractor for the purpose of determining civil liability from acts or omissions of such contractor. Makes the period during which such provision was in effect inapplicable for purposes of the tolling of any statute of limitations for claims.
United States · United States Congress · 14 May 1986
Expresses the sense of the Congress that the Farm Credit System should take specified actions to assist borrowers, including: (1) participating to the maximum extent possible with the Farmers Home Administration and other Government guarantee programs to provide 1986 operating loans; (2) following policies of reasonable loan forbearance; (3) using loan restructuring; (4) emphasizing loan servicing approaches that help borrowers meet the conditions of their loan contracts; (5) resorting to foreclosure only when there is no alternative or when the associated costs would be less than loan restructuring; (6) providing defaulting borrowers with the opportunity to bid on foreclosed property; and (7) maintaining sound institutional credit policies.
United States · United States Congress · 1 May 1986
Sets forth civil and criminal penalties for possession of paper, features, or devices adapted to the making of U.S. obligations or other securities after the Secretary of the Treasury adopts a distinctive paper or counterfeit deterrent for such obligations. Provides that the making of counterfeits includes any electronic means for the acquisition, recording, retrieval, transmission, or reproduction of obligations. Authorizes the Secretary to: (1) engrave and print currency and other security documents or conduct related research and development for foreign countries; and (2) contract for U.S. Savings Bond stock. Repeals the requirement that U.S. currency notes be reissued upon redemption.
United States · United States Congress · 30 April 1986
Intergovernmental Regulatory Relief Act of 1986 - Title I: Review of Intergovernmental Regulations - Requires the President, within 30 days after submitting the annual Federal budget, to submit to the Congress a report specifying and evaluating the economic costs, noneconomic costs, and additional direct costs to State and local governments of complying with intergovernmental regulations during the most recently completed fiscal year, the fiscal year in progress, and the next two fiscal years. Defines an "intergovernmental regulation" as a Federal regulation that requires a State or local government to take certain actions or to comply with certain conditions in order to receive Federal assistance. Specifies the contents of such report which include: (1) an estimate of the economic and noneconomic benefits that will be provided to each State government and all local governments in such State as a result of compliance with each such regulation during each fiscal year; and (2) proposals for legislation and administrative actions to change regulations in order to reduce compliance costs or to achieve a more favorable balance between costs incurred and benefits received. Directs the President to consider the potential for reducing State and local compliance costs by promulgating intergovernmental regulations using means such as performance standards, special provisions for small governments, marketable rights, economic incentives, compliance reforms, and simplified procedures to certify the compliance of Federal assistance recipients with Federal requirements. Authorizes the President to delegate the responsibility of preparing such report to the Director of the Office of Management and Budget or the head of any other Federal agency. Directs the responsible official to prescribe standards to be used by agencies in estimating the compliance costs and benefits of intergovernmental regulations. Directs each agency to furnish such official with the information required in such report for the regulations administered by such agency. Title II: Compensation of State and Local Governments for Additional Direct Costs - Prohibits any Federal agency or U.S. court from requiring State or local governments, in any fiscal year, to comply with any intergovernmental regulation which takes effect on or after enactment of this Act and which is promulgated pursuant to a significant law, unless sufficient funds have been provided to reimburse such governments for the total amount of additional direct costs such governments will incur in complying with such regulation in such fiscal year as estimated by the Congressional Budget Office (CBO). Defines a "significant law" as any Federal law which is likely to result in total additional direct costs to all State and local governments of $25,000,000 or more in a fiscal year or to have exceptional fiscal consequences for a geographic region or a particular level of government. Declares that a Federal agency or U.S. court may require such compliance in any fiscal year in which the Congress passes a joint resolution which waives the requirement for reimbursement of direct costs. Requires the Director of CBO to transmit to the President and the Congress by September 1 of each year a report specifying an estimate of the total amount of additional direct costs that will be incurred in the upcoming fiscal year and next succeeding fiscal year by State and local governments in complying with each intergovernmental regulation promulgated pursuant to a significant law. Directs the chairmen of the congressional committees having jurisdiction over any significant law under which an intergovernmental regulation is promulgated to propose, to a bill providing funds for each fiscal year in which such regulation will be in effect, an amendment to appropriate funds to reimburse State and local governments for the total amount or applicable percentage of additional direct costs they will incur in complying with such regulation. Sets forth the procedures for reimbursements of such additional direct costs by Federal agencies to States and by the States to local governments. Title III: Miscellaneous - Amends the Congressional Budget Act of 1974 to revise the definition of a "significant bill or resolution" by reducing the annual cost to State or local governments likely to result from such a bill or resolution from $200,000,000 to $100,000,000. (The Act requires CBO to submit to each congressional committee reporting such a bill or resolution an estimate of the cost which would be incurred by State and local governments in complying with such bill or resolution in the fiscal year in which it is to become effective and in each of the four succeeding fiscal years.)
United States · United States Congress · 30 April 1986
Expresses the sense of the Congress that the President should: (1) urge the Soviet Union to halt its violations of arms control treaties, to accept appropriate verification measures, and to reach agreement on verification improvements to the Threshold Test Ban and the Peaceful Nuclear Explosions Treaties; (2) refrain from seeking the advice and consent of the Senate with respect to ratification of such treaties until an agreement can be reached on such improvements; (3) continue with the U.S. program of limited, underground nuclear weapon testing; and (4) not pursue negotiations on a comprehensive test ban agreement until specified conditions are met. Expresses congressional support for the goal of a world free from the threat of nuclear war and military aggression.
United States · United States Congress · 29 April 1986
Expresses the sense of the Congress that a Children's Challenge Center for Space Science should be established in conjunction with the National Aeronautics and Space Administration at the Johnson Space Center as a memorial to the seven Challenger astronauts and others who gave their lives exploring space.
United States · United States Congress · 29 April 1986
Expresses the sense of the Congress that the Secretary of the Army should place an appropriate memorial marker in Arlington National Cemetery honoring the seven crew members of the space shuttle Challenger.
United States · United States Congress · 24 April 1986
Authorizes the Francis Scott Key Park Foundation to erect a memorial on public grounds in the District of Columbia in honor of Francis Scott Key, the author of the words to the National Anthem. Directs the Secretary of the Interior, with the approval of the National Commission of Fine Arts and the National Capital Planning Commission, to select the site for the memorial. Prohibits the use of either Federal or District of Columbia funds to establish the memorial. Terminates the authority created by this Act if construction of the memorial does not begin within five years with funds sufficient to ensure its completion.
United States · United States Congress · 24 April 1986
Financial Institutions Emergency Acquisitions Amendments of 1986 - Amends the Federal Deposit Insurance Act to revise provisions governing interstate acquisitions of troubled banks involving Federal Deposit Insurance Corporation (FDIC) financial assistance. Requires the appropriate Federal banking agency to notify and consult with the FDIC when such agency is informed that an out-of-State bank or holding company is considering acquiring an insured bank with total assets of $250,000,000 or more that is in danger of closing. Reduces from $500,000,000 to $250,000,000 the minimum total asset requirement of a closed bank or a bank in danger of closing (as certified by the appropriate Federal or State chartering authority) which may be acquired by an out-of-State bank holding company. Authorizes an out-of-State bank or holding company to: (1) acquire a holding company that controls insured bank subsidiaries which hold assets equal to at least $250,000,000, represent a third or more of the total assets of all bank subsidaries of such holding company, and are in danger of closing; (2) acquire such subsidiaries and affiliated banks; or (3) establish newly chartered banks in the State where such subsidiaries are chartered to merge with or purchase the assets and assume the liabilities of such subsidiaries and affiliated banks. Permits the FDIC to assist a merger or acquisition of an insured bank only at the request of the bank's directors or trustees. Provides that a bank which receives FDIC troubled bank assistance when it is eligible to be acquired by an out-of-State bank or holding company shall remain eligible for such acquisition so long as such assistance remains outstanding. Permits an out-of-State bank to make an extraordinary acquisition under the Federal Deposit Insurance Act only if such ownership is otherwise specifically authorized. Entitles an out-of-State bank holding company which makes an acquisition to acquire additional banks located in the three largest metropolitan areas in any State in which the acquired bank is located to the same extent as permitted for an in-State holding company. Prohibits any holding company which makes such an acquisition from being required under State law to divest any other bank or from being prevented from acquiring any other bank or holding company by reason of such acquisition. Permits the FDIC to assist in the interstate acquisition of an open or closed bank where such acquisition is authorized under applicable State law. Prohibits the FDIC from providing acquisition assistance to a holding company subsidiary that is not an insured bank. Amends the Bank Holding Company Act to set forth provisions governing interstate acquisitions of troubled banks not involving FDIC financial assistance. Permits a bank holding company to acquire: (1) a bank located in another State if such bank has total assets of $250,000,000 or more and is in danger of closing; (2) two or more affiliated banks in danger of closing that together hold assets of at least $250,000,000 representing a third of the assets of all affiliated banks; (3) banks affiliated with, or the bank holding company controlling, such an acquired bank if the acquired bank's assets represent at least a third of the total assets of all affiliated banks; and (4) additional banks located in the three largest metropolitan areas of the State in which an acquired bank is located to the same extent as permitted for an in-State bank holding company. Prohibits a bank holding company which makes such an acquisition from being required to divest any other bank or from being prevented from acquiring any other bank by reason of such acquisition. Requires approval of any such acquisition by the board of directors of the bank being acquired or of a bank holding company that controls such bank. Prohibits a bank in danger of closing or the controlling bank holding company from entering into any discussions over the interstate acquisition of such bank unless: (1) the appropriate State bank supervisor has been notified; and (2) such bank or holding company has attempted to arrange an acquisition not involving FDIC assistance or interstate provisions. Requires the Board of Governors of the Federal Reserve System to consult with the appropriate State bank supervisor before approving an interstate acquisition of a troubled bank and to allow the supervisor at least 48 hours to object to such acquisition. Prohibits the Board from approving such acquisition if the supervisor certifies that persons who are likely to satisfy all regulatory requirements have offered to acquire the bank through a transaction not requiring FDIC assistance or interstate provisions, unless the Board determines that such persons do not have the necessary financial resources or do not meet regulatory requirements. Authorizes the Board to: (1) dispense with bank acquisition notice and hearing requirements under the Bank Holding Company Act and to reduce the postapproval waiting period to five days (or eliminate such period when immediate action is necessary to prevent the probable failure of the bank) if the Board has received a Federal or State chartering authority's certification that the bank is in danger of closing; and (2) waive notice and hearing requirements for the acquisition by a bank holding company of a nonbanking company in connection with the acquisition of a bank in danger of closing. Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Net Worth Certificate Act for five years. Repeals this Act on April 15, 1991.
United States · United States Congress · 17 April 1986
Declares that the Congress recognizes the visit by the descendants of the original settlers of Purrysburg, South Carolina, to Neufchatel, Switzerland, in October 1986 as an international gesture of goodwill.
United States · United States Congress · 16 April 1986
Amends the Newspaper Preservation Act to revise the definition of a "newspaper publication" for purposes of such Act to provide that a newspaper need not be produced on newsprint paper and may be delivered in whole or in part to readers. Provides that no activity undertaken by a party to a joint newspaper operating agreement in connection with a newspaper shall violate antitrust law unless such activity would violate antitrust law if such person were not a party to such an arrangement.
United States · United States Congress · 16 April 1986
Designates May 21, 1986, as Andrei Sakharov Honor and Freedom Day. Requests the President to mark such day with an appeal to the Soviet leader for Doctor Sakharov's release. Provides for the relocation of the "Andrei Sakharov Plaza" street sign to an area adjacent to the Soviet Embassy in the District of Columbia.
United States · United States Congress · 15 April 1986
Amends Federal law to establish September 17th, Constitution Day, of each year as a legal public holiday, except for purposes of Federal employee pay and leave.
United States · United States Congress · 11 April 1986
Expresses the sense of the Congress that: (1) a successful conclusion of an arrangement to regulate tied aid credits would eliminate the need for the enactment of a special tied aid credit program; (2) the Secretary of the Treasury should promote such a conclusion to the negotiations; and (3) the President should make the use of predatory tied aid credits a major topic of discussion at the Tokyo Summit.
United States · United States Congress · 9 April 1986
Recognizes the Ireland Fund for its laudable charitable achievements, and its founder, Dr. Anthony J.F. O'Reilly, for the humane work he has inspired on behalf of the people of Ireland.
United States · United States Congress · 27 March 1986
National Forest Ski Area Permit Act of 1986 - Authorizes the Secretary of Agriculture to issue permits for the use and occupancy of National Forest System lands for commercial skiing operations. Requires existing permits to conform to the new system.
United States · United States Congress · 27 March 1986
Prohibits the obligation of Federal funds for the preparation and mailing of congressional newsletters. Defines such term as any preprinted material prepared as part of a mass mailing by a Member of Congress, excluding notices of the availability of a Member to meet with constituents.
United States · United States Congress · 27 March 1986
Establishes the Burr Trail National Rural Scenic Road, Utah, as a unit of the National Park System. Authorizes the Secretary of the Interior to construct an interpretive center in Boulder, Utah. Authorizes the Secretary to accept a right-of-way for such Road through donation by Utah. Restricts the use of the Road by certain large vehicles.
United States · United States Congress · 27 March 1986
Prohibits any Senator from mailing or delivering to any postal facility any mass mailing from the date this resolution is adopted to seven days after such date. Establishes a formula for determining the amount that may be expended by Senators for mass mailings for the period beginning seven days after enactment of this resolution and ending September 30, 1986. Urges the House of Representatives to place similar limitations on its Members during such period.
United States · United States Congress · 26 March 1986
Amends the Export Administration Act of 1979 to authorize appropriations for FY 1987 and 1988 to the Department of Commerce to carry out the purposes of such Act. Amends the Export Administration Amendments Act of 1985 to authorize appropriations for FY 1987 and 1988 to the Department of Commerce to carry out the export promotion activities of the Department of Commerce.
United States · United States Congress · 26 March 1986
Title I: Export-Import Bank Act Extension - Export-Import Bank Act Amendments of 1986 - Amends the Export-Import Bank Act of 1945 to authorize the Export-Import Bank (the Bank) to collect fees to cover the marginal costs of the Bank's conferences and publications. Requires the Bank's medium-term financing program to: (1) be available in the form of direct credits to the foreign borrower to finance exports having a value of not less than $50,000; (2) impose minimal administrative, procedural, and documentary burdens on its users; (3) not require the payment of fees unless such fees are equivalent to those charged under the Bank's long-term loan program and are in accordance with certain other requirements. Deletes the provision that declares that the Bank's terms and conditions need not be equivalent to those offered by foreign countries. Prohibits the Bank from imposing a credit application fee unless: (1) the fee is competitive with the average fee charged by the Bank's primary foreign competitors and is related to the risk of the transaction; and (2) the borrower or the U.S. exporter is given the option of paying the fee over the lifetime of the loan. Prohibits the Bank from withdrawing or denying financing to a country or for a transaction backed by a country on the basis that there is no reasonable assurance of repayment if the National Advisory Council on International Monetary and Financial Policies (the National Advisory Council) makes a contrary determination. Requires the Bank to provide medium-term risk protection coverage through multiple exporter organizations for the members and clients of such organizations. Requires that support of exports under the Export-Import Bank Act of 1945 shall be made available to U.S. exporters directly or to U.S. banks, non-U.S. banks, or nonbank lenders financing U.S. exports with such support. Requires the Bank to authorize the transferability of medium- and long-term obligations insured or guaranteed by the Bank without affecting, limiting, or terminating the guarantee or insurance provided by the Bank. Authorizes appropriations for FY 1987 to cover the net subsidy cost of new direct loans under the program limitations of FY 1987. Extends the authority of such Act through FY 1996. Requires the Bank, in all cases involving potential adverse impact on domestic industries or employment, to consider and address in writing the view of parties who may be substantially adversely affected by the loan or guarantee before taking final action on such loan or guarantee. Requires the Secretary of the Treasury to investigate whether noncompetitive financing is being offered whenever the Secretary receives information that a foreign country is providing export credits that exceed the limits of certain agreements irrespective of whether the governments offering the credits are signatories to such agreements. Requires (current law authorizes) the Bank to be authorized to provide matching financing if the foreign government does not withdraw such credits or does not respond to the U.S. request that such credits be withdrawn. (Current law conditions such requirement upon a finding that the availability of noncompetitive financing is likely to be a significant factor in the sale.) Requires the Bank to report to the Congress on its medium-term export support program by April 15, 1987. Sets forth information to be included in such report. Requires the Bank and the Office of Management and Budget to report to the Congress and the General Accounting Office on: (1) the need for U.S. Government involvement in export credit insurance; (2) the need to employ an agent in administering government-supported insurance programs; and (3) the efficiency and effectiveness of continuing to use the Foreign Credit Insurance Association as the Bank's agent. Title II: Elimination of Foreign Predatory Export Credit Practices - Fair Export Financing Act of 1986 - Directs the Secretary of the Treasury (the Secretary) to establish within the Department of the Treasury a program of tied aid credits for U.S. exports in order to facilitate the negotiation of a comprehensive international arrangement restricting the use of tied aid and partially untied aid credits for commercial purposes. Authorizes using such tied aid credit facility to respond to predatory financing activities by other countries. Requires the tied aid credit program to be carried out by the Secretary in cooperation with the Bank or with private financial institutions or entities. Prohibits approval of any financing under programs authorized by this Act without the concurrence of the National Advisory Council. Authorizes the U.S. Trade Representative and the Secretary of Commerce to provide to the Secretary and the National Advisory Council trade information on those countries which block progress toward a comprehensive international arrangements on tied aid credit. Sets forth financing methods that may be included in such program. Authorizes appropriations for FY 1987 and 1988 for such program. Authorizes the Secretary to reimburse the Export-Import Bank for the cost of tied aid credits authorized by the Export-Import Bank during FY 1986. Requires each financing made pursuant to such program to be consistent with the procedures established by the Arrangement on Guidelines for Officially Supported Export Credits. Limits judicial review of actions by the National Advisory Council, the Secretary, and the Chairman of the Export-Import Bank. Requires the Secretary to report every six months to the Congress on: (1) the principal offers of predatory financing by foreign countries during the past six months; (2) steps taken to combat specific predatory financing practices of foreign countries; (3) use of the fund by the United States to match specific predatory financing practices of foreign countries and to initiate tied aid credit offers; (4) the additional steps the United States will take to discourage such practices; and (5) progress achieved in negotiations to establish a comprehensive international arrangement restricting the use of tied aid and partially untied aid credits.
United States · United States Congress · 26 March 1986
Export-Import Bank Act Amendments of 1986 - Amends the Export-Import Bank Act of 1945 to authorize the Export-Import Bank (the Bank) to collect fees to cover the marginal costs of the Bank's conferences and publications. Requires the Bank's medium-term financing program to: (1) be available in the form of direct credits to the foreign borrower to finance exports having a value of not less than $50,000; (2) impose minimal administrative, procedural, and documentary burdens on its users; (3) not require the payment of fees unless such fees are equivalent to those charged under the Bank's long-term loan program and are in accordance with certain other requirements. Deletes the provision that declares that the Bank's terms and conditions need not be equivalent to those offered by foreign countries. Prohibits the Bank from imposing a credit application fee unless: (1) the fee is competitive with the average fee charged by the Bank's primary foreign competitors and is related to the risk of the transaction; and (2) the borrower or the U.S. exporter is given the option of paying the fee over the lifetime of the loan. Prohibits the Bank from withdrawing or denying financing to a country or for a transaction backed by a country on the basis that there is no reasonable assurance of repayment if the National Advisory Council on International Monetary and Financial Policies (the National Advisory Council) makes a contrary determination. Requires the Bank to provide medium-term risk protection coverage through multiple exporter organizations for the members and clients of such organizations. Requires that support of exports under the Export-Import Bank Act of 1945 shall be made available to U.S. exporters directly or to U.S. banks, non-U.S. banks, or nonbank lenders financing U.S. exports with such support. Requires the Bank to authorize the transferability of medium- and long-term obligations insured or guaranteed by the Bank without affecting, limiting, or terminating the guarantee or insurance provided by the Bank. Authorizes appropriations for FY 1987 to cover the net subsidy cost of new direct loans under the program limitations of FY 1987. Extends the authority of such Act through FY 1996. Requires the Bank, in all cases involving potential adverse impact on domestic industries or employment, to consider and address in writing the view of parties who may be substantially adversely affected by the loan or guarantee before taking final action on such loan or guarantee. Requires the Secretary of the Treasury to investigate whether noncompetitive financing is being offered whenever the Secretary receives information that a foreign country is providing export credits that exceed the limits of certain agreements irrespective of whether the governments offering the credits are signatories to such agreements. Requires (currently authorizes) the Bank to be authorized to provide matching financing if the foreign government does not withdraw such credits or does not respond to the U.S. request that such credits be withdrawn. (Current law conditions such requirement upon a finding that the availability of noncompetitive financing is likely to be a significant factor in the sale.) Requires the Bank to report to the Congress on its medium-term export support program by April 15, 1987. Sets forth information to be included in such report. Requires the Bank and the Office of Management and Budget to report to the Congress and the General Accounting Office on: (1) the need for U.S. Government involvement in export credit insurance; (2) the need to employ an agent in administering government-supported insurance programs; and (3) the efficiency and effectiveness of continuing to use the Foreign Credit Insurance Association as the Bank's agent.
United States · United States Congress · 26 March 1986
Fair Export Financing Act of 1986 - Amends the Export-Import Bank Act of 1945 to direct the Secretary of the Treasury (the Secretary) to establish within the Department of the Treasury a program of tied aid credits for U.S. exports in order to facilitate the negotiation of a comprehensive international arrangement restricting the use of tied aid and partially untied aid credits for commercial purposes. Authorizes using such tied aid credit facility to respond to predatory financing activities by other countries. Requires the tied aid credit program to be carried out by the Secretary in cooperation with the Export-Import Bank or with private financial institutions or entities. Prohibits approval of any financing under programs authorized by this Act without the concurrence of the National Advisory Council on International Monetary and Financial Policies (the National Advisory Council). Authorizes the U.S. Trade Representative and the Secretary of Commerce to provide to the Secretary and the National Advisory Council trade information on those countries which block progress toward a comprehensive international arrangement on tied aid credit. Sets forth financing methods that may be included in such program. Authorizes appropriations for FY 1987 and 1988 for such program. Authorizes the Secretary to reimburse the Export-Import Bank for the cost of tied aid credits authorized by the Export-Import Bank during FY 1986. Requires each financing made pursuant to such program to be consistent with the procedures established by the Arrangement on Guidelines for Officially Supported Export Credits. Limits judicial review of actions by the National Advisory Council, the Secretary, and the Chairman of the Export-Import Bank. Requires the Secretary to report every six months to the Congress on: (1) the principal offers of predatory financing by foreign countries during the past six months; (2) steps taken to combat specific predatory financing practices of foreign countries; (3) use of the fund by the United States to match specific predatory financing practices of foreign countries and to initiate tied aid credit offers; (4) the additional steps the United States will take to discourage such practices; and (5) progress achieved in negotiations to establish a comprehensive international arrangement restricting the use of tied aid and partially untied aid credits.
United States · United States Congress · 26 March 1986
Agricultural and Energy Bank Incentive Act - Amends the Federal Deposit Insurance Act to require the appropriate Federal banking agency to: (1) permit an insured agricultural or energy bank to account for troubled debt restructuring according to generally accepted accounting principles by not requiring a change in the recorded investment unless the investment exceeds total, reasonably anticipated, future receipts given the new terms of the loan; (2) establish a program of capital standard forbearance for such an insured bank for which capital reduction is largely attributable to problems in the agricultural or energy sectors of the economy; and (3) implement call report requirements for renegotiated loans which authorize such loans to be disclosed as "restructured and in compliance with modified terms." Prohibits a national banking association from holding real estate under mortgage or purchased to secure debts for longer than ten years with no extension (currently, five years with a five-year extension if approved by the Comptroller of the Currency). Directs the Comptroller of the Currency to establish new lending limits for banks covered by the capital standard forbearance program. Prohibits such a lending limitation from exceeding 20 percent of the unimpaired capital and unimpaired surplus of the lending institution. Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Deposit Insurance Flexibility Act and the Net Worth Certificate Act until July 15, 1986. Creates a moratorium on the establishment of nonbank banks until July 15, 1986.
![Official portrait of Sen. Garn, E. J. (Jake) [R-UT]](https://www.congress.gov/img/member/g000072_200.jpg)