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United States · Official source
2,803 records where Sen. Heflin, Howell [D-AL] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 29 February 1984
Designates the week of May 7 through May 13, 1984, as National Photo Week.
United States · United States Congress · 27 February 1984
Directs the President to: (1) secure from the Southeast Asian nations a full accounting of Americans captured or missing as a result of the Vietnam conflict; and (2) work for the release of Americans listed as prisoners of war (POW) or missing-in-action (MIA) and the return of the remains of all American POWs and MIAs who died in Southeast Asia. Requires the President to submit two reports to Congress on the POW/MIA problem.
United States · United States Congress · 23 February 1984
Amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to provide for the coverage of mental health counselor services under the Medicaid program and part B (Supplementary Medical Insurance) of title XVIII.
United States · United States Congress · 23 February 1984
Designates the week of April 15 through April 21, 1984, as National Recreational Sports Week.
United States · United States Congress · 23 February 1984
Designates the week beginning May 6, 1984, as National Asthma and Allergy Awareness Week.
United States · United States Congress · 22 February 1984
Authorizes and requests the President to designate May 6 through May 13, 1984, as Jewish Heritage Week.
United States · United States Congress · 22 February 1984
Declares that Congress asks the American people to take cognizance of the commemoration of the 40th anniversary of the liberation of Rome on June 2 through June 3, 1984.
United States · United States Congress · 9 February 1984
Designates the week of November 25 through December 1, 1984, as National Home Care Week.
United States · United States Congress · 9 February 1984
Authorizes the Law Enforcement Officers Memorial Fund, Incorporated to erect a National Law Enforcement Heroes Memorial on public grounds in the District of Columbia or its environs in honor and recognition of law enforcement officials in the United States who died in the line of duty. Directs the Secretary of the Interior, in consultation with the Fund, to select with the approval of the Commission of Fine Arts and the National Capital Planning Commission, a suitable site on public grounds for such memorial. Subjects the design and any plans for the memorial to the approval of the Secretary of the Interior, the Commission of Fine Arts, and the National Capital Planning Commission. Declares that no moneys belonging to the United States or the District of Columbia shall be expended for the erection of such memorial other than expenses incurred in the process of site selection and approval of design and plans.
United States · United States Congress · 9 February 1984
Authorizes and requests the President to designate the month of May 1984 as National Physical Fitness and Sports Month.
United States · United States Congress · 7 February 1984
Grants a Federal charter to the Vietnam Veterans of America, Inc.
United States · United States Congress · 3 February 1984
Expresses the sense of the Senate that: (1) the insured loan component of the economic emergency loan program is of critical importance to farmers and ranchers; (2) the limitation and effective termination of such insured loans violated the intent of Congress; and (3) the Farmers Home Administration should immediately begin the obligation of insured economic emergency loan funds and should continue such program until the funds are exhausted or until September 30, 1984.
United States · United States Congress · 3 February 1984
Expresses the sense of the Senate that the week of February 5 through February 11, 1984, be proclaimed as Circle K International Week.
United States · United States Congress · 2 February 1984
States that the National Open Greco-Roman and the National Open Free Style Championships serve to focus attention on the sport of amateur wrestling. Designates the week beginning April 1, 1984, as National Amateur Wrestling Week.
United States · United States Congress · 2 February 1984
Expresses the sense of the Congress that the provisions of the Internal Revenue Code relating to installment sales and the regulations relating to such sales should not be modified or amended in any way that will alter the manner in which mortgage-backed builder bond transactions are currently taxed.
United States · United States Congress · 1 February 1984
Authorizes the Administrator of Veterans Affairs to pay certain funeral expenses for former prisoners of war.
United States · United States Congress · 1 February 1984
Broadcasters' Protection Act of 1984 - Amends the Communications Act of 1934 to declare that provisions requiring a broadcast station licensee to provide equal opportunities for station access to political candidates and prohibiting the licensee from censoring a candidate's broadcast do not require the licensee to broadcast any material the broadcast of which the licensee believes would violate any criminal law. Provides that a licensee's refusal to broadcast material based on such belief shall be a defense to any revocation action by the Federal Communications Commission and shall not be used adversely against the licensee in a comparative licensing process. Permits a broadcaster to petition any appropriate U.S. district court for a determination as to whether the broadcast of such material would violate a criminal law and for declaratory judgment relief. Allows a candidate whose broadcast is denied to petition the court for such a determination and for declaratory judgment relief with respect to such denial.
United States · United States Congress · 1 February 1984
Designates the month of June 1984 as Student Awareness of Drunk Driving Month.
United States · United States Congress · 1 February 1984
Expresses the appreciation of Congress to the descendants of blacks who contributed to American independence. Encourages State and local governments and private organizations to conduct activities during Black History Month 1985 in honor of black involvement in the American Revolution.
United States · United States Congress · 1 February 1984
Commends the President for his support for specified confidence building measures between the United States and the Soviet Union. Urges the President to pursue negotiations with the Soviet Union concerning such measures, adding to such negotiations the establishment of nuclear risk reduction centers in both countries.
United States · United States Congress · 27 January 1984
Designates the week of April 23 through April 27, 1984, as National Student Leadership Week.
United States · United States Congress · 26 January 1984
Amends the Internal Revenue Code to repeal the requirement for filing informational returns regarding remuneration for services and direct sales. Repeals the requirement for backup withholding on payments of remuneration for services.
United States · United States Congress · 26 January 1984
Designates 1984 as the Year of the Secretary.
United States · United States Congress · 24 January 1984
Declares the rate of pay of Members of Congress to be that which was payable for such office on December 31, 1983.
United States · United States Congress · 24 January 1984
Authorizes and requests the President to designate the week of November 18 through November 24, 1984, as National Family Week.
United States · United States Congress · 24 January 1984
Expresses the sense of the Congress that: (1) U.S. negotiators, in negotiations with Japan, should insist that Japan dismantle all nontariff barriers to imports of beef; and (2) if progress is not made toward the dismantling of such nontariff barriers by a specified time, the U.S. Trade Representative should seek appropriate relief under U.S. and international trade law.
United States · United States Congress · 23 January 1984
National Computer Institute Act - Establishes within the Office of Science and Technology Policy in the Executive Office of the President the National Computer Institute. Directs the Institute: (1) to establish national objectives to ensure the preeminence of the United States in computer science and technology; and (2) to develop a long-range plan for advanced computer technology research, development and use in education. Requires the Director of the Office of Science and Technology Policy to establish a Computer Sciences and Technology Advisory Committee to advise the Institute concerning activities carried out under this Act. Directs the Advisory Committee to submit an annual report to Congress concerning its activities under this Act. Exempts the Committee from the Federal Advisory Committee Act. Authorizes appropriations. Terminates the Institute within five years after the date of enactment of this Act.
United States · United States Congress · 23 January 1984
Designates January 1 through December 31, 1984, as the Year of Excellence in Education.
United States · United States Congress · 18 November 1983
Authorizes appropriations to the Secretary of the Interior for FY 1985 through FY 1989 to assist States in carrying on the work of a competent and qualified mining and mineral resources research institute at one public college or university (or private college or university if a State does not have an eligible public college or university) in the State meeting eligibility requirements. Provides that funds appropriated shall be made available for grants to be matched on a basis of no less than one and one-half non-Federal dollars for each Federal dollar during FY 1985 and 1986, and no less than two non-Federal dollars for each Federal dollar during FY 1987 through FY 1989. Authorizes appropriations to the Secretary for FY 1985 through FY 1989 which shall be made available to institutes to meet the necessary expenses for purposes of: (1) specific mineral research and demonstration projects of broad application which could not otherwise be undertaken; and (2) research into any aspects of mining and mineral resources problems related to the mission of the Department of the Interior which are not otherwise being studied. Sets forth funding criteria. Requires each institute to: (1) set forth its plan to provide for the training of individuals as mineral engineers and scientists; (2) set forth policies and procedures to assure that Federal funds made available under this Act will supplement and, to the extent practicable, increase the level of funds that would, in the absence of such Federal funds, be made available for purposes of this Act, and in no case supplant such funds; and (3) report annually to the Secretary concerning amounts received under this Act and projects undertaken pursuant to this Act. Directs the Secretary to: (1) prescribe necessary rules and regulations; and (2) report to Congress annually concerning the receipts, expenditures, and work of the institutes in all States under the provisions of this Act. Prohibits anything in this Act from being construed to authorize Federal control of education at any college or university. Directs the Secretary to assure that programs authorized by this Act are not redundant. Authorizes appropriations necessary to print and publish the results of activities carried out by institutes under this Act and for administrative planning and direction. Directs the Secretary to establish a center for cataloging current and projected scientific research in all fields of mining and mineral resources. Directs the President to clarify agency responsibility for Federal mining and mineral resources research and to provide interagency coordination of such research. Directs the Secretary to appoint a Committee on Mining and Mineral Resources Research to consult with and make recommendations to the Secretary on all matters relating to mining and mineral resources research as required by this Act. Requires the Committee to: (1) develop a national plan for research and development in mining and mineral resources and to formulate and recommend a program to implement the plan utilizing resources provided for under this Act; and (2) submit such plan to the Secretary, the President, and Congress by March 1, 1986, and to update the plan annually. Requires the Committee to determine the eligibility of a college or university to participate as a mining and mineral resources research institute under this Act.
United States · United States Congress · 18 November 1983
Job Opportunity Act of 1983 - Amends the Internal Revenue Code to extend the expiration date for the targeted jobs tax credit from December 31, 1984, to December 31, 1989.
United States · United States Congress · 18 November 1983
Wine Equity Act of 1983 - Requires the President to direct the U.S. Trade Representative (USTR) to negotiate the harmonization of tariff and nontariff barriers on wine with each designated major trading country. Requires negotiations with designated major trading countries which do not export wine to the United States in order to eliminate all tariff and nontariff trade barriers of such countries to the importation of U.S. wine. Requires the President to impose tariff and nontariff trade barriers equal or substantially equivalent to the barriers applied by a designated major trading country if such country does not provide harmonization to U.S. produced-wine within 180 days of the country's designation as a designated major trading country. Provides for removing such U.S. tariff and nontariff barriers. Requires the USTR to report to specified congressional committees at the beginning and end of each negotiation. Requires the USTR to consult with such committees to identify further tariff and nontariff barriers to and potential markets for U.S. wine. Provides for assistance for the USTR from other Federal agencies.
United States · United States Congress · 18 November 1983
Hazardous Air Pollutant Control Act of 1983 - Amends the Clean Air Act ("the Act") to revise provisions relating to hazardous air pollutants. Directs the Administrator of the Environmental Protection Agency (EPA), within 60 days after enactment of this Act, to identify at least 25 substances or materials for which the Administrator intends to make a decision by December 31, 1985, on whether to include such substances or materials on the list of hazardous air pollutants established under provisions for national emission standards for hazardous air pollutants ("the NESHAPs list"). Requires that such identification include: (1) polycyclic organic matter, nickel, toluene, coke oven emissions, acrylonitrile, carbon tetrachloride, perchloroethylene, trichloroethylene, methyl chloroform, CFC-113, manganese, chromium, cadmium, chlorobenzenes, dioxin, vinylidene chloride, epichlorohydrin, chloroform, hexachlorocyclopentadiene, ethylene oxide, and ethylene dichloride; and (2) each other substance or material under EPA evaluation for inclusion on the NESHAPs list for which EPA has positive data from one or more tests indicating carcinogenicity in humans or other mammals. Directs the Administrator, within one year of such enactment date, to identify at least 15 additional substances or materials for which an inclusion decision will be made by December 31, 1986. Requires that first consideration, in both such identifications, be given to specified substances and materials which the EPA has been evaluating. Directs the National Toxicology Program, through its Director, to recommend substances or materials which should be so identified, and to continue to recommend substances and materials which may be appropriate for inclusion on the NESHAPs list. Directs the Administrator, at the time the additional substances or materials are identified, to also identify any additional research, study, or evaluation which may be useful in making a determination. Directs the Administrator, in cooperation with the National Toxicology Program, to: (1) establish a schedule for initiating and completing such research, study, or evaluation; (2) identify the agency which will undertake it; and (3) identify the source and amount of funding for it, if such funding is not provided through the Hazardous Substance Response Trust Fund. Directs the Administrator, within 30 days after publication of any report under specified provisions of the Public Health Service Act, to publish a notice identifying each substance or material listed in such report which is known or may reasonably be anticipated to be an air pollutant. Requires such notice to allow 60 days for interested parties to submit information and comment on whether any substance or material identified in such notice is a hazardous air pollutant. Directs the Administrator, by December 31, 1985, in the case of those substances in the first identification and by December 31, 1986, in the case of the additional substances identified, to publish the determination of whether each substance or material is a hazardous air pollutant to be included on the NESHAPs list (along with the basis and the available information for such determination) after opportunity for submittal of information by interested parties. Directs the Administrator, within one year after the required date for issuance of each notice relating to the Public Health Service Act list, to determine whether each substance or material identified in each such notice is a hazardous air pollutant. Directs the Administrator, within 30 days after the identification of any substance or material required under this Act, to establish a docket for each such substance or material. Requires that such docket include all relevant information and analyses in the possession of the Administrator, all written comments and documentary information received from any person, and detailed written summaries of oral communications from or to any person on such issue. Requires that a substance or material be included on the NESHAPs list, by operation of law, if the Administrator: (1) fails to make a determination by the appropriate deadline; or (2) determines that such substance or material is a hazardous air pollutant. Directs the Administrator to specify the chemical forms of a substance or material which are determined to be hazardous air pollutants when including such substance or material on the NESHAPs list. Allows any interested party to petition the Administrator to remove any substance or material from the NESHAPs list, but only on the basis of information which was not available to the Administrator before the inclusion on such list. Directs the Administrator, within 120 days after receipt, to: (1) make a finding whether the petition is based on such information; (2) if there is such a basis, to publish a notice of such finding and provide opportunity for public comment; and (3) within 120 days after such notice, publish a determination whether the substance or material is a hazardous air pollutant. Provides that the pendency of any such petition shall not suspend the running time of any statutory or judicial time limit for the proposal or promulgation of NESHAPs standards. Provides that neither the identification for determination purposes nor the automatic listing due to failure to meet the deadline shall be deemed a presumption that a substance or material is a hazardous air pollutant. Directs the Administrator to identify the categories of sources which emit, in significant amounts, each hazardous air pollutant on the NESHAPs list. Requires that such identification include specified categories of stationary sources. Extends from 180 days to one year the period after proposal of emission standards during which the Administrator must establish final emission standards for hazardous air pollutants (NESHAPs). Requires that NESHAPs be established at a level requiring the greatest degree of emission reduction of such pollutant through the application of the best system of continuous emission reduction available for the class or category of source, taking into account the cost of achieving such reduction and any nonair quality health or environmental impacts (BACT - the Best Available Control Technology). Directs the Administrator to determine whether such emission standard is adequate to protect the public health from such hazardous air pollutant with an adequate margin of safety; and, if not, to establish such standard at a more stringent level. Requires that NESHAPs be at least as stringent as the most stringent emission limitation shown by an adequate operating history to have been achieved in practice by a source of the same category or in a category with similar air pollutant control characteristics (LAER-the Lowest Achievable Emission Rate). Authorizes the Administrator to distinguish among classes, types, sizes, and periods of remaining useful life for sources within a category of sources for purposes of establishing NESHAPs. Revises NESHAPs prohibitions to require permits for: (1) construction of new sources or modification of existing sources which emit or will emit any substance or material included on the NESHAPs list; and (2) operation of existing stationary sources which emit a hazardous air pollutant in violation of a NESHAPs standard. Directs the Administrator to determine specified standards relating to such permits. Directs the Administrator, in the case of such permits for operation of an existing source, to provide for compliance with NESHAPs standards as expeditiously as practicable, but in no event later than two years after the promulgation of the standard. Requires that all such permits include specified monitoring requirements. Limits the period of validity for such permits to seven years, with provisions for renewal. Requires fees to cover costs of reviewing and acting upon such permit applications and implementing and enforcing the terms and conditions of such permits and renewals. Requires that notice and opportunity for a hearing be provided within the locality where the source is located before any such permit or renewal may be issued. Directs the Administrator to delegate NESHAPs implementation and enforcement authority to a State only if the State procedure: (1) provides necessary assurances that the State will have adequate personnel, funding, and authority to carry out such implementation and enforcement; and (2) contains provisions equivalent to those provided under this Act for the issuance and renewal of permits, including requirements for monitoring and permit fees. Provides that the grant or denial of a permit or permit renewal by a State to which such a delegation has been made shall be deemed an action of the Administrator for purposes of judicial review provisions of the Act. Requires that design, equipment, work practice, and operational standards be consistent with specified requirements under NESHAPs provisions. Allows a citizen lawsuit against the Administrator for failure to perform a nondiscretionary act or duty with respect to NESHAPs provisions, or with respect to provisions for listing certain unregulated pollutants, to be commenced ten days after the plaintiff has given notice to the Administrator. Provides that specified amendments made by this Act shall not affect any NESHAP emission standard promulgated prior to the enactment of this Act.
United States · United States Congress · 18 November 1983
Proclaims March 20, 1984, as National Agriculture Day.
United States · United States Congress · 18 November 1983
Expresses the sense of the Senate that the President should: (1) continue to express U.S. opposition to the exile of Igor Ogurtsov; and (2) urge the Soviet Union to provide Igor Ogurtsov with medical care, grant his release from exile, and accept his application for an exit visa and allow him to emigrate without forcing him to renounce his views (in accordance with a specified international treaty).
United States · United States Congress · 18 November 1983
Expresses the sense of the Senate that the President should appoint a task force on agricultural credit to: (1) examine agricultural credit problems; (2) report to the President and Congress on the credit-related problems confronting agricultural producers and related businesses; and (3) make recommendations on how to resolve problems that might be identified. Directs the task force to: (1) identify and describe the components of the existing agricultural credit system; (2) identify and describe the credit needs of agricultural producers and related businesses; (3) identify and evaluate the current agricultural credit system's ability to meet producer credit needs; and (4) develop for the President and Congress specific recommendations for policies and legislation to ensure the availability of adequate agricultural credit at reasonable cost.
United States · United States Congress · 18 November 1983
Expresses the appreciation of the Senate to certain organizations for their efforts in carrying out an emergency food distribution and shelter program.
United States · United States Congress · 17 November 1983
Employee Stock Ownership Act of 1983 - Amends the Internal Revenue Code to provide for the nonrecognition of gain on stock sold to: (1) an employee stock ownership plan; (2) a tax credit employee stock ownership plan; or (3) an eligible worker-owned cooperative, if within a specified period of time qualified replacement property is purchased by the taxpayer. Defines "qualified replacement property" as any security issued by a domestic corporation: (1) which does not have passive investment income in excess of a specified limitation; and (2) the equity capital of which does not exceed $10,000,000. Allows an income tax deduction for cash dividends paid with respect to employer stock which is held by a tax credit employee stock ownership plan or an employee stock ownership plan which is a stock bonus plan. Extends the partial exclusion for dividends received to such amounts. Excludes from gross income 50 percent of interest received by a bank, an insurance company, or other lender on loans used by an employee stock ownership plan to acquire employer securities. Provides for a reduction in the capital gains tax with respect to sales of stock in employee-owned corporations. Sets forth special rules for the calculation of such reduction. Relieves an estate of liability for payment of the estate tax to the extent that amounts of the tax are attributable to employer securities transferred to an employee stock ownership plan pursuant to a written agreement guaranteeing that the tax will be paid by the plan in an amount equal to the lesser of: (1) the amount of the tax imposed upon the acquired employer securities; or (2) the amount of the tax imposed on the gross estate reduced by the sum of allowable credits. Permits the payment of such tax in installments. Exempts such transfers from the tax on prohibited transactions. Treats as charitable contributions certain contributions to an employee stock ownership plan. Specifies a qualification test for contributions to receive such treatment. Allows certain small business corporations (subchapter S corporations) to maintain a tax credit employee stock ownership plan or an employee stock ownership plan. Permits recaptured employee stock ownership plan investment tax credits to be used to reduce contributions to payroll based tax credit employee stock ownership plans.
United States · United States Congress · 16 November 1983
Grants a Federal charter to the organization known as the National Academy of Public Administration.
United States · United States Congress · 15 November 1983
Residential Mortgage Investment Act of 1983 - Amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code to exempt from specified prohibited transactions: (1) any qualified mortgage transaction engaged in by an employee benefit plan if such transaction received the prior approval of an independent fiduciary; (2) the purchase, retention, or sale by an employee benefit plan of interests in Federal or State guaranteed residential mortgage loans; and (3) any participation or dealings by an employee benefit plan in residential mortgage-backed securities if such securities bear one of the three highest ratings of a nationally recognized rating service. Prohibits the promulgation of rules or orders which limit, interpret or implement: (1) the exemptions or definitions of this Act; and (2) the term "reasonable rate of interest."
United States · United States Congress · 15 November 1983
Amends the Social Security Amendments of 1983 to delay until after December 31, 1985, mandatory coverage under the Old Age, Survivors and Disability Insurance program for employees of tax-exempt religious or apostolic organizations which do not have in effect on January 1, 1984, a waiver certificate (which waives such an organization's exemption from taxation for purposes of the Old Age, Survivors and Disability Insurance program).
United States · United States Congress · 10 November 1983
Designates November 20 through November 26, 1983, as National Adoption Week.
United States · United States Congress · 8 November 1983
Amends the Internal Revenue Code to provide for the reporting of tips by large food or beverage establishments in lieu of allocation requirements if reported tips do not equal eight percent of gross receipts. Allows for a reduction of such percentage under certain circumstances.
United States · United States Congress · 7 November 1983
Amends Federal law regarding the farm disaster emergency loan program to: (1) require the Secretary of Agriculture to base single enterprise production loss determinations exclusively on actual production; and (2) prohibit the Secretary from including projected production determinations from payment-in-kind or land diversion program participation.
United States · United States Congress · 3 November 1983
Amends the Federal Rules of Civil Procedure to permit service of process by mail upon the United States in the person of the United States attorney (or his designee) for the district in which the action is brought.
United States · United States Congress · 3 November 1983
Extends the gratitude of the Senate to America's teachers.
United States · United States Congress · 31 October 1983
Requires that the U.S. Embassy in Israel and the residence of the American Ambassador to Israel shall be located in Jerusalem.
United States · United States Congress · 31 October 1983
Social Security Benefits Disallowance Act of 1983 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that an individual can receive title II benefits only if such individual can show that he or she: (1) is a U.S. citizen or was a U.S. citizen but has voluntarily relinquished such status; or (2) is an alien legally admitted to work or was an alien legally admitted to work but has voluntarily relinquished such status. Prohibits the payment of title II benefits to any individual who: (1) is subject to a final order of exclusion, a final order of departure, or a voluntary departure in lieu of deportation; or (2) is not legally permitted to work in the United States.
United States · United States Congress · 27 October 1983
Missing Children's Assistance Act of 1983 - Amends the Juvenile Justice and Delinquency Prevention Act of 1974 to require the Administrator of the Office of Juvenile Justice and Delinquency Prevention to establish and maintain a national toll-free telephone line for reporting information regarding the location of missing children. Directs the Administrator to establish a national resource center and clearinghouse to: (1) provide technical assistance to State and local governments and agencies in locating missing children; (2) coordinate public and private efforts to recover missing children; and (3) disseminate information on innovative missing childrens' programs, services, and legislation. Requires the Administrator to publish an annual summary of research on missing children and prepare a comprehensive plan for coordinating activities of all agencies and organizations responsible for missing children. Authorizes the Administrator, in consultation with the Advisory Board on Missing Children, to make grants for research or demonstration or service programs designed to: (1) educate parents and community agencies on ways to prevent the abduction of children; (2) assist in the recovery or tracking of missing children; (3) aid communities in collecting material to assist parents in the identification of their children; (4) demonstrate the psychological consequences of a child's abduction; and (5) collect data on investigative practices utilized by law enforcement agencies. Requires the Administrator to appoint an Advisory Board on Missing Children to assist the Administrator in coordinating programs and activities relating to missing children. Authorizes appropriations for FY 1984 through 1988.
United States · United States Congress · 26 October 1983
Expresses the sense of the Congress that on the President's visit to Japan, he should express to Japan that: (1) action must be taken to reduce the current balance-of-trade deficit; (2) the reduction of the trade imbalance is critical to future U.S.-Japan trade relations; and (3) Japan should announce its commitment to purchase one-third of its metallurgical and steam coal from the United States.
United States · United States Congress · 25 October 1983
Life Insurance Tax Act of 1983 - Title I: Life Insurance Provisions - Subtitle A: Taxation of Life Insurance Companies - Amends the Internal Revenue Code to set the rate of tax on a life insurance company at the corporate rate on its life insurance company taxable income (LICTI). Sets forth an alternative tax in the case of capital gains. Defines life insurance company taxable income as life insurance gross income reduced by life insurance deductions. Defines life insurance gross income as the sum of: (1) premiums; (2) decreases in certain reserves; and (3) other amounts generally includible by a taxpayer in gross income. Allows three types of deductions: (1) general life insurance deductions; (2) the special life insurance deduction; and (3) the small life insurance company deduction. Sets forth definitions and special rules for each type of deduction. Sets forth rules for the calculation of net increases and decreases in reserves. Requires life insurance companies to use either the accrual method of accounting or a method permitted under regulations which combines an accrual method with another recognized method. Sets forth rules for the amortization of premiums and accrual of discount. Sets forth rules for the computation of a company's share and the policyholders' share of investment income. Sets forth rules for the tax treatment of foreign life insurance companies. Requires an adjustment to LICTI where a required surplus held in the United States is less than a specified amount. Sets forth rules for the tax treatment of contiguous country branches of domestic life insurance companies. Provides that life insurance company taxable income which has an existing policyholders surplus account shall be increased by any direct or indirect distribution to shareholders from such account. Defines "life insurance company" as an insurance company which is engaged in the business of issuing life insurance and annuity contracts or noncancellable contracts of health and life insurance if its life insurance reserves plus unearned premiums and unpaid losses comprise more than 50 percent of its total reserves. Sets forth rules for the tax treatment of variable contracts. Sets forth rules relating to capital gains and losses of a life insurance company. Sets forth the effective date for the provisions of this Act. Provides transitional rules. Subtitle B: Taxation of Life Insurance Products - Redefines "life insurance contract" for purposes of the Internal Revenue Code. Defines such a contract as any contract, which is a life insurance contract under applicable State or foreign law, but only if the contract meets either of two alternatives: (1) a cash value accumulation test; or (2) a test consisting of a guideline premium requirement and a cash value corridor requirement. Specifies requirements of each such test. Sets forth rules for contracts not meeting the life insurance definition. Sets forth transitional rules. Treats as distributed to a contract holder any amount of an annuity contract held by an individual who dies before the annuity starting date. Exempts any such amounts from the five-percent penalty tax on a premature distribution from an annuity. Limits the amount of the interest deduction allowed in the case of life insurance loans. Sets forth rules for the calculation of such limit. Extends to former employees and key employees the limitations on group-term life insurance purchased for employees. Subtitle C: Nondeductible Contributions to Individual Retirement Plans - Allows certain nondeductible contributions to individual retirement accounts and annuities. Limits such contributions to the least of: (1) $1,750; (2) the excess of compensation includible in gross income over the amount allowable as a deduction under present rules; or (3) an amount designated by the taxpayer as a nondeductible contribution. Subtitle D: Studies - Requires the Secretary of the Treasury to report annually to specified committees of the Congress on the revenues received by this Act and to compare the amount of such revenues and the amount anticipated by reason of changes made by the Tax Equity and Fiscal Responsibility Act of 1982 and this Act. Requires the Secretary to make annual reports in the years 1986, 1987, 1988, and 1989 concerning the impact of this Act on specified segments and products of the life insurance industry.