United States · United States Congress · 21 May 1986
Amends the Consolidated Budget Reconciliation Act of 1985 to hold a State harmless in FY 1987 against changes that Act effected in the annual calculation of the Federal medical assistance percentage under title XIX (Medicaid) of the Social Security Act if such changes would cause a reduction of Medicaid payments to the State in FY 1987.
United States · United States Congress · 20 May 1986
Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid.
United States · United States Congress · 8 May 1986
White House Conference on Narcotics Abuse and Control Resolution of 1986 - Directs the President to call a White House Conference on Narcotics Abuse and Control to develop recommendations to control the illicit production, trafficking, and distribution of narcotics, and to prevent and treat narcotics abuse. Directs the Conference to review: (1) the impact of recently enacted laws on efforts to control trafficking in narcotics and to prevent and treat narcotics abuse; and (2) the recommmendations of the President's Commission on Organized Crime as they relate to narcotics abuse and control. Requires the Conference to report its findings to the President and the Congress.
United States · United States Congress · 7 May 1986
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to replace the requirement that there be a least a three-percent rise in the Consumer Price Index before a cost-of-living adjustment of benefits is made with a requirement that such an adjustment be made whenever the cost of living increase is greater than zero.
United States · United States Congress · 6 May 1986
Directs the Secretary of the Treasury to oppose the admittance of Poland as a member of the International Monetary Fund (IMF) until the Secretary determines that the Government of Poland, with participation of the Solidarity movement, has formulated an economic program that determines how IMF funds will: (1) provide the basis for correcting Poland's balance of payments deficits; (2) reduce the severe constraints on Polish labor and capital mobility; and (3) establish social, political, and economic freedom in Poland.
United States · United States Congress · 6 May 1986
Expresses the sense of the Congress that the President and the Secretary of State should insist at the Vienna Review Meeting of the Conference on Security and Cooperation in Europe, and in discussions with Communist Party and Soviet leaders, that imprisoned and exiled members of the Ukrainian and other Helsinki Monitoring Groups be released and allowed to emigrate to the countries of their choice. Expresses the sense of the Congress that: (1) the Secretary of State should ensure that the U.S. consulate in Kiev reports on Soviet human rights violations in the Ukraine; and (2) such information should be included in reports on compliance with the Helsinki Final Act.
United States · United States Congress · 30 April 1986
Expresses the sense of the House of Representatives that the Director of the Congressional Budget Office, in conjunction with the Director of the Office of Management and Budget, shall report revised estimates of total revenues, budget authority, outlays, and the deficit for FY 1987 through 1991 to the Congress by May 16.
United States · United States Congress · 29 April 1986
Declares that the House of Representatives: (1) condemns the Soviet Union's failure to provide notification and information about the nuclear accident at Chernobyl; and (2) calls upon the Soviet Union to permit outside nuclear experts to assist with the accident and to allow the international press corps to cover the situation.
United States · United States Congress · 22 April 1986
Requires the Administrator of Veterans Affairs to contract with non-Veterans Administration (VA) health-care facilities for the furnishing of health care for veterans in areas determined to be substantial growth areas which are geographically inaccessible to present VA facilities. Defines "substantial growth area."
United States · United States Congress · 21 April 1986
Amends the Internal Revenue Code to allow a percentage depletion income tax deduction for proven oil and gas wells which have been transferred to a new owner. (Present law disallows such a deduction after a transfer to a new owner.) Provides that the exemption of stripper well oil from the windfall profit tax shall apply after a transfer of such a well to a new owner. (Present law disallows such an exemption after the transfer of a stripper well.)
United States · United States Congress · 17 April 1986
Anti-Terrorism Act of 1986 - Declares that any person who organizes, attempts, commits, procures, or supports acts of terrorism shall be considered to have committed an act of aggression against the United States and may be pursued with deadly force. Defines terrorism to mean activity directed against U.S. persons which: (1) is committed by a non-U.S. national or permanent resident alien; (2) involves violent or dangerous acts which would be crimes in the United States; and (3) is intended to intimidate a civilian population, to influence government policy, or to affect the conduct of a government by assassination or kidnapping. Authorizes the President, subject to the provisions of the Constitution, to protect U.S. persons from terrorism through the use of all antiterrorism and counterterrorism measures that the President deems necessary. Requires the President's authority to apply: (1) to all terrorists wherever they may be; and (2) until the President determines that no terrorist poses a threat to U.S. persons. Prohibits this Act from being construed as granting any authority to use deadly force within the United States which would not exist in the absence of this Act. Requires the President to report to the Congress within ten days of taking any action under this Act.
United States · United States Congress · 17 April 1986
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to eliminate the requirement that there be at least a three-percent rise in the Consumer Price Index before a cost-of-living adjustment of benefits is made.
United States · United States Congress · 10 April 1986
Energy Incentives and Agricultural Financial Resources Act of 1986 - Title I: Sense of Congress on Tax Reform Provisions Which Detrimentally Affect the Petroleum Industry - Declares that it is the sense of the Congress that retention of current income tax provisions relating to the petroleum industry is necessary to provide capital formation for the industry. Urges elimination of any provision of the Tax Reform Act of 1985 (H.R. 3838) or of any similar tax reform legislation which would detrimentally affect the oil depletion allowance, the deduction for intangible drilling and development costs, the credit for producing fuel from a nonconventional source, or other tax provisions favorable to the petroleum industry. Title II: Federal Banking Agency Cooperation with Troubled Banks and Thrift Institutions - Amends the Federal Deposit Insurance Act to revise provisions concerning the extraordinary acquisition of troubled banks and thrift institutions. Authorizes an in-State or out-of-State bank holding company or savings and loan holding company to: (1) establish a newly chartered bank in a State where an insured bank with total assets of $250,000,000 or more is closed or is in danger of failing (as determined by the Federal Deposit Insurance Corporation) for the purpose of purchasing the assets and assuming the liabilities of the closed or failing bank; (2) purchase the stock of the failing bank; (3) purchase the stock or assets of, or merge with, a bank subsidiary which is in danger of closing if the subsidiary holds 35 percent or more of the assets of a bank holding company with assets of at least $1,000,000,000; or (4) establish a newly chartered bank in the same State as the failing subsidiary to merge with, or purchase the assets and assume the liabilities of, such subsidiary or affiliated banks. Requires any such transaction to be approved by the Corporation and the primary Federal and State supervisors of each party thereto. Provides that an out-of-State bank holding company which acquires a closed or failing bank shall not be entitled to acquire additional banks in the State in which such bank is located. Authorizes any acquired bank to retain and operate all existing branches and to establish new branches to the same extent as a national bank located at such bank's principal office. Prohibits any in-State or out-of-State bank holding company which acquires a closed or failing bank from being required to divest any other bank or from being prevented from acquiring any other bank or bank holding company by reason of such acquisition. Sets forth provisions concerning: (1) the shareholder approval of such an acquisition; and (2) the solicitation of offers and disclosure of information to prospective purchasers by the Corporation. Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Net Worth Certificate Act for two years. Requires 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 or any other sector of the economy experiencing financial difficulties; and (3) implement call report requirements for renegotiated loans which authorize such loans to be disclosed as "restructured and in compliance with modified terms." 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. Creates a moratorium on the establishment of nonbank banks until July 15, 1986. Title II: Repeal of Certain Restrictions on the Use of Natural Gas and Petroleum -(Please note that H.R.4553 has two titles numbered "Title II.") - Amends the Powerplant and Industrial Fuel Use Act of 1978 to: (1) repeal the prohibitions against the use by electric powerplants and major fuel-burning installations of petroleum and natural gas as primary energy sources; (2) remove the restrictions placed upon Federal major fuel-burning installations against the use of natural gas and petroleum as primary energy sources; and (3) repeal the guidelines for the emergency use of natural gas or petroleum as a primary energy source by any person operating a peakload powerplant or a major fuel-burning installation. Revokes the authority of the Secretary of Energy to require any major fuel-burning installation to furnish certain information regarding the use of primary energy sources of fuel. Amends the Natural Gas Policy Act of 1978 to repeal the natural gas incremental pricing provisions. States that incremental pricing rules promulgated by the Federal Energy Regulatory Commission (FERC) shall continue in effect only with respect to the flow-through of costs incurred before enactment of this Act, including any surcharges based on such costs. Authorizes FERC to direct natural gas companies to provide transportation services through certificated facilities if to do so does not impair such companies' ability to render adequate service to their customers. Provides for the transportation of natural gas on a non-discriminatory basis as to class of shipper or recipient.
United States · United States Congress · 10 April 1986
Designates May 21, 1986, as National Andrei Sakharov Day. Authorizes and requests the President to urge the Soviet Union to permit Andrei Sakharov and Elena Bonner to freely choose their place of residence.
United States · United States Congress · 9 April 1986
Designates August 13, 1986, the 25th anniversary of the construction of the Berlin Wall, as Berlin Freedom Day. Urges the East German Government to dismantle the Berlin Wall.
United States · United States Congress · 9 April 1986
Prohibits the issuance of a letter of offer with respect to specified proposed sales of Sidewinder, Stinger, and Harpoon missiles and services to Saudi Arabia, as described in the April 8, 1986, certifications from the President to the Congress under the Arms Export Control Act.
United States · United States Congress · 25 March 1986
Federal Financial Management Improvement Act - Establishes: (1) the Office of the Chief Financial Officer of the United States in the Executive Office of the President; (2) an Assistant Secretary for Financial Management in each executive department; and (3) a Controller in each executive agency. Requires officers to be appointed to such positions by the President, by and with the advice and consent of the Senate. Requires the Chief Financial Officer (CFO) to: (1) provide central direction and monitoring of the executive agencies in the management of their financial activities; (2) ensure that the President and the Congress are fully informed of the Government's financial management condition; and (3) maintain the central accounting and reporting records of the Government. Requires each Assistant Secretary and Controller to: (1) maintain a strategic financial management plan for his or her department or agency; and (2) participate in the appointment, development, and evaluation of financial managers of such department or agency. Requires the budget of each department and agency to contain a line item for its Assistant Secretary or Controller based on its strategic financial management plan. Establishes in the executive branch the Federal Finance Council, which shall consist of the CFO and the Assistant Secretaries, as an advisory body on financial management objectives, information requirements, plans, operations, and activities. Directs the President to transfer to the Office of the CFO: (1) such functions of the executive agencies as the President determines are properly related to the functions of the Office; and (2) such personnel, property, and records of such agencies as are related to the transferred functions.
United States · United States Congress · 17 March 1986
Amends the Foreign Assistance Act of 1961 to prohibit the Overseas Private Investment Corporation from providing financial support for any project to establish or expand production or processing of citrus crops for export.
United States · United States Congress · 6 March 1986
Radio Broadcasting to Nicaragua Act - Requires the U.S. Information Agency (USIA) to provide for radio broadcasts to Nicaragua subject to Voice of America standards. Requires the Director of the USIA to establish within the Voice of America a Nicaragua Service that shall be responsible for such broadcasts.
United States · United States Congress · 4 March 1986
Provides that any requirement to substantiate a deduction under the Internal Revenue Code with respect to the business use of a vehicle must be based on regulations in effect before the Tax Reform Act of 1984.
![Official portrait of Sen. Mack, Connie, III [R-FL]](https://www.congress.gov/img/member/m000019_200.jpg)