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Official portrait of Sen. Sarbanes, Paul S. [D-MD]

Sen. Sarbanes, Paul S. [D-MD]

United States · Official source

Records

4,275 records where Sen. Sarbanes, Paul S. [D-MD] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· SS. 2199 (100th)open

American Heritage Trust Act of 1988

United States · United States Congress · 18 March 1988

American Heritage Trust Act of 1988 - Title I: American Heritage Trust - Establishes the American Heritage Trust, comprised of the Land and Water Conservation Fund and the Historic Preservation Fund, to provide funding for the preservation of America's natural, historical, cultural, and outdoor recreational areas. Title II: Land and Water Conservation Fund - Amends the Land and Water Conservation Fund Act to require the Secretary of the Treasury to invest a portion of the Land and Water Conservation Fund in public debt securities. Requires that the interest from such investments be used to provide for the preservation of the Nation's recreational areas. Sets forth a formula for the allocation of such interest income to the Federal Government and the States. Sets forth specified requirements with respect to the apportionment of such income to local and State governments. Repeals a specified section concerning publicity and signing provisions. Title III: Historic Preservation Fund - Amends the National Historic Preservation Act to extend the Historic Preservation Fund through 2015. Requires the Secretary of the Treasury to invest a portion of such Fund in public debt securities. Requires that the interest from such investments be used for the preservation of historic sites. Title IV: Miscellaneous Provisions - Requires the owner of any site that benefits from moneys derived from the American Heritage Trust to install a sign indicating that fact.

Law· SS. 2167 (100th)enacted

National Appliance Energy Conservation Amendments of 1988

United States · United States Congress · 15 March 1988

National Appliance Energy Conservation Amendments of 1988 - Amends the Energy Policy and Conservation Act to include fluorescent lamp ballasts within the list of products covered by the Act. Directs the Secretary of Energy to prescribe by July 1, 1989, test procedures for such ballasts manufactured on or after January 1, 1990. Directs the Federal Trade Commission to prescribe labeling rules for such ballasts according to specified guidelines. Sets forth energy efficiency standards for such ballasts. Preempts State energy conservation standards for such ballasts unless such standards were prescribed or enacted before the date of enactment of this Act.

Bill· SS. 2140 (100th)open

Federal Employees Leave Sharing Act of 1988

United States · United States Congress · 4 March 1988

Federal Employees Leave Bank Act of 1988 - Directs the Office of Personnel Management to establish a voluntary leave bank program under which: (1) annual leave may be contributed to a leave bank established by the employing agency; and (2) an employee experiencing a medical emergency may use leave from such leave bank. Directs each agency to establish a leave bank (or leave banks) from annual leave contributed by its employees. Requires each agency to establish a Leave Bank Board to administer the leave bank. Requires employees to make a written application to the Board requesting that a specified number of their annual leave hours be transferred to the leave bank. Allows an employee to state a concern and desire to aid a specified leave recipient or a proposed leave recipient. Authorizes the Board to use such statements in making determinations concerning leave application approvals. Sets forth a formula for determining how much leave an employee may contribute to a leave bank. Declares an employee eligible to be a leave recipient if such employee: (1) experiences a medical emergency and applies to the leave bank for leave; and (2) has contributed the required minimum number of hours to the leave bank in the same calendar year that such employee applies for leave and the contribution is made before the employee experiences the emergency. Sets forth requirements for an application for the receipt of contributions of leave and for the use of such leave. Authorizes such leave to be substituted retroactively for periods of leave-without-pay or used to liquidate an indebtedness for advanced leave. Provides that when the employment of a leave recipient terminates, any approved leave from a leave bank may not: (1) be transferred to another leave bank; (2) be included in any lump-sum payment upon separation from service; or (3) be made available for recredit upon reemployment. Provides that the prohibition on gifts to supervisors does not apply to the voluntary leave bank program. Directs the Board to monitor the status of the medical emergency and establish procedures to ensure that a leave recipient does not use or receive leave after the medical emergency ceases to exist. Prohibits an employee from intimidating, threatening, or coercing any other employee for the purpose of interfering with such employee's right to contribute, receive, or use annual leave from a leave bank. Requires the voluntary leave bank program to be implemented not later than four months after the date of enactment of this Act. Terminates such program five years after such date.

Bill· SJRESS.J.Res. 270 (100th)open

A joint resolution designating June 26 through July 2, 1988, as "National Safety Belt Use Week".

United States · United States Congress · 3 March 1988

Designates the week of June 26 through July 2, 1988, as National Safety Belt Use Week. Authorizes and requests the President to: (1) urge the people to wear safety belts and use child safety seats; and (2) encourage State and local governments and concerned organizations and officials to promote greater use of these safety devices.

Bill· SS. 2123 (100th)reported

Emergency Hunger Relief Act of 1988

United States · United States Congress · 2 March 1988

Emergency Hunger Relief Act of 1988 - Title I: Family Self Sufficiency Improvement - Subtitle A: Food Stamp Program - Amends the Food Stamp Act of 1977 to increase the minimum food stamp program (program) allotments by one percent for the period January 1, 1989, through September 30, 1989, and by one percent during FY 1990. Amends the definition of "household" to repeal the provision providing separate household status for certain parents of minor children and for such children. Makes permanent categorical program eligibility based on eligibility for specified social security programs. Provides an additional excess shelter deduction. States that: (1) households not required to submit monthly income reports shall have their income calculated on a prospective basis; and (2) households required to submit monthly income reports shall have their income calculated on a retrospective basis, except under specified circumstances. Repeals the requirement of prior approval by the Secretary of Agriculture for less than monthly income reporting of certain households. Prohibits a state agency from requiring periodic reporting of households: (1) made up entirely of migrant or seasonal farm workers; (2) made up entirely of homeless persons; or (3) with no earned income and in which all adult members are elderly or disabled. Requires that households reporting monthly be provided with clear and understandable reporting forms. Adjusts the automobile asset limitation to reflect Consumer Price Index changes. Provides full program benefits for breaks in certification of 30 days or less. Permits households subject to benefit prorating to receive an aggregate benefit allotment. Extends the scope of program informational activities. Amends the Homeless Eligibility Clarification Act to make permanent the authority for homeless persons in shelters to receive food stamps. Subtitle B: Related Programs - Amends the Temporary Emergency Food Assistance Act of 1983, as amended by the Stewart B. McKinney Homeless Assistance Act, to extend the temporary emergency food assistance program (TEFAP) through FY 1990. Increases the amount of TEFAP funds for emergency feeding organizations. Amends the Community Services Block Grant Act to authorize appropriations through FY 1993 for the community food and nutrition program. Directs the Secretary to: (1) conduct a study (through the National Academy of Sciences) of the kinds of medical problems commonly suffered by program participants and the resulting special diets; and (2) report to the Congress. Title II: Child Nutrition Promotion - Amends the Food Stamp Act of 1977 to exclude foster care and adoption assistance from program income determinations. Amends the Child Nutrition Act of 1966 to increase the school breakfast program reimbursement rate by three cents per meal as of July 1, 1989. Amends the National School Lunch Act to permit specified private nonprofit organizations to participate in the summer food program. Provides an additional meal or snack to children who attend day care centers which are open more than eight hours a day. Repeals the provision tying reduced price lunch eligibility to program eligibility. Title III: Effective Date - Sets forth the effective dates for provisions of this Act.

Law· SS. 2117 (100th)enacted

Age Discrimination Claims Assistance Act of 1988

United States · United States Congress · 2 March 1988

Age Discrimination Claims Assistance Act of 1988 - Extends the statute of limitations applicable to bringing civil actions in the Federal courts on certain claims under the Age Discrimination in Employment Act of 1967 that were filed with the Equal Employment Opportunity Commission before the date of enactment of this Act. Directs the Commission to send out notices regarding claims for which the statute of limitations has been extended. Directs the Commission to report to specified congressional committees on such claims, notices, alleged unlawful practices eliminated or attempted to be eliminated, and civil actions filed.

Resolution· SRESS.Res. 384 (100th)open

A resolution regarding the banning of political activity in South Africa.

United States · United States Congress · 26 February 1988

Expresses the sense of the Senate with respect to the banning of political activity in South Africa. Urges: (1) the U.S. Government to increase pressure on the South African Government through political, diplomatic, and economic measures; (2) the President to take immediate action to achieve numerical equivalence in diplomatic missions of the South African and U.S. Governments; and (3) approval of temporary U.S. visas requested by South Africans on a case-by-case basis only after consideration of the South African Government's record of allowing South African citizens, particularly members of anti-apartheid organizations, to travel to the United States.

Resolution· SRESS.Res. 383 (100th)referred

A resolution to express the sense of the Senate regarding future funding of Amtrak.

United States · United States Congress · 24 February 1988

Expresses the sense of the Senate that: (1) funding for Amtrak should be continued at a level that will enable it to continue to operate a national railway system and to continue to improve its financial performances and service levels; and (2) the Secretary of Transportation and the Administrator of the Federal Railroad Administration should work with Amtrak management to lower Amtrak's dependence on public funding and to assign the highest priority possible to safety.

Bill· SS. 2083 (100th)referred

A bill to ensure that certain Railroad Retirement benefits paid out of the Dual Benefits Payments Account are not reduced, and for other purposes.

United States · United States Congress · 23 February 1988

States that the payment of certain annuities under the Railroad Retirement Act of 1974 and the appropriation of funds to the Dual Benefits Payments Account shall: (1) be considered a mandatory Federal obligation (rather than a discretionary activity); (2) not be subject to sequestration or reduction under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act); and (3) have the same status for Federal budgetary and accounting purposes as benefits paid under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act (thus ensuring that certain railroad retirement benefits paid out of the Dual Benefits Payments Account are not reduced). Appropriates funds to the Dual Benefits Payments Account for FY 1988.

Resolution· SCONRESS.Con.Res. 99 (100th)open

A concurrent resolution condemning North Korea's support for terrorist activities.

United States · United States Congress · 19 February 1988

Condemns North Korea for its bombing of Korean Air Lines (KAL) flight 858 and its support for international terrorism. Commends the Government of South Korea for confronting North Korean terrorism and for efforts to ensure a safe International Olympic Games in Seoul this year. Expresses the sense of the Congress that: (1) those responsible for the KAL bombing should be brought to justice; (2) all nations should take appropriate measures against North Korea, including implementing trade and other sanctions; (3) international aviation groups, including the International Civilian Aviation Organization, should take steps against North Korea, including consideration of the suspension of air service; and (4) the Governments of Bahrain and Japan should be commended for their cooperation in the investigation of the KAL bombing.

Bill· SS. 2068 (100th)open

Marine Research Act of 1988

United States · United States Congress · 17 February 1988

Marine Research Act of 1988 - Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to authorize the establishment of Regional Marine Research Centers (Centers) to coordinate, plan, and support research, monitoring, and assessment activities concerned with the environmental quality of marine and coastal waters. Authorizes the Governors of a majority of States in a marine research region to develop and submit for approval to the Marine Research Coordination Board (Board) a combined, interstate proposal for a Center which identifies the research organizations which will participate in the Center and the goals of such Center. Identifies the marine research regions as the Gulf of Maine, Greater New York Bight, Mid-Atlantic Bight, Tropical, Gulf of Mexico, Southern California Bight, North Pacific, Gulf of Alaska and Arctic Seas, and Insular Pacific Regions. Requires each Center to develop and submit for the Board's approval a three-year marine research plan which: (1) identifies research needs and priorities in the region over the next ten years; (2) describes the mechanism for coordinating federally-funded marine research and monitoring activities in the region during the three-year term of the plan: (3) describes the research projects, areas, and programs anticipated to be assisted with appropriations authorized pursuant to this Act; and (4) lists the equipment and supplies used commonly for research projects in the region. Requires that the plan be updated and resubmitted to the Board at least once every three years. Authorizes each Center which has an approved research plan to submit an application to the Board for annual administrative, research, and equipment grants. Sets forth reporting requirements. Requires each Center to support baseline monitoring of fundamental marine environmental conditions and prepare periodic assessments of marine environmental quality and resources in their region. Requires that such assessments be made available to the public as well as to local, State, and Federal agencies, the Board, and State Governors. Authorizes the establishment of the Marine Research Coordination Board at the Federal level to manage and coordinate the efforts of the Centers and report periodically to the Congress on the activities and findings of such Centers. Authorizes appropriations for FY 1989 through 1993.

Law· SS. 2042 (100th)enacted

An Act to authorize the Vietnam Women's Memorial Project, Inc., to construct within the Vietnam Veterans' Memorial site in the District of Columbia a specific commemoration of women of the United States who served in the Republic of Vietnam during the Vietnam conflict.

United States · United States Congress · 4 February 1988

Authorizes the Vietnam Women's Memorial Project, Inc., to construct a statue of a woman Vietnam veteran within the Vietnam Veterans Memorial site in Washington, D.C., to honor and recognize the women of the U.S. armed forces who served in the Vietnam conflict. Subjects the location and design of the statue to approval by the Secretary of the Interior, the Commission of Fine Arts, and the National Capital Planning Commission. Expresses the sense of the Congress that: (1) the addition of the statue is well within the intent of the law authorizing the establishment of the Memorial; and (2) after the addition of such statue, such Memorial will be complete and no further additions to the site should be authorized or undertaken.

Law· SS. 2030 (100th)enacted

Ocean Dumping Ban Act of 1988

United States · United States Congress · 2 February 1988

Ocean Dumping Reform Act of 1988 - Amends the Marine Protection, Research, and Sanctuaries Act to outlaw the disposal of sewage sludge into the ocean at the 106-mile Deepwater Municipal Sludge Dumpsite (Dumpsite) after 1991. Directs each State in which a municipal sewage treatment authority permitted to dump sewage sludge at the Dumpsite is located to submit a report to the Administrator of the Environmental Protection Agency in each of the three years following this Act's enactment which: (1) sets forth a schedule for the identification and development of alternatives to sewage sludge dumping at the Dumpsite; (2) identifies the steps being taken to implement programs which facilitate the beneficial uses of sewage sludge; and (3) describes the financial assessments and plans needed to assure the implementation of alternative sewage sludge options prior to 1992. Requires the Administrator to report to the Congress: (1) within three months of the State reports, on the development of alternative sewage sludge disposal options prior to 1992; and (2) within six months of this Act's enactment, on the progress made in monitoring and preventing municipal sludge dumping outside the Dumpsite by vessels en route to such site.

Bill· SS. 2026 (100th)referred

Atomic Energy Law Enforcement Act of 1988

United States · United States Congress · 2 February 1988

Atomic Energy Law Enforcement Act of 1988 - Specifies that the proposed Agreement for Cooperation between the Government of the United States and the Government of Japan Concerning Peaceful Uses of Nuclear Energy shall not become effective unless: (1) the President resubmits the Agreement to the Congress pursuant to procedures required by the Atomic Energy Act of 1954 with an exemption from the requirements of the Act concerning nuclear safeguards; and (2) the Congress enacts a joint resolution stating that it favors the Agreement.

Bill· SS. 2023 (100th)referred

A bill to amend the Internal Revenue Code of 1986 to provide that employer subsidies for mass transit and van pooling be treated as working condition fringe benefits which are not included in gross income to the extent such subsidies do not exceed $60 per month and to increase the gas guzzlers tax.

United States · United States Congress · 2 February 1988

Amends the Internal Revenue Code to include as a tax-excludible fringe benefit $60 per month of qualified employer-provided commuter services between an employee's residence and workplace. Includes as qualified services: (1) transportation furnished in a commuter highway vehicle (such as a van); and (2) transportation paid for or reimbursed by the employer on public buses, trains, or subways. Doubles the rate of the gas guzzler tax.

Law· SJRESS.J.Res. 249 (100th)enacted

A joint resolution designating June 14, 1988 "Baltic Freedom Day."

United States · United States Congress · 2 February 1988

Expresses disapproval of the refusal of the U.S.S.R. to recognize the sovereignty of the Baltic Republics. Designates June 14, 1988, as Baltic Freedom Day. Authorizes and requests the President to submit the issue of the Baltic Republics to the United Nations.

Bill· SS. 2004 (100th)referred

A bill to provide that the provisions of the National Labor Relations Act and the Labor Management Relations Act, 1947, shall apply to employees at the Metropolitan Washington Airports, and for other purposes.

United States · United States Congress · 26 January 1988

Amends the Metropolitan Washington Airports Act of 1986 (the Act) to provide that the provisions of the National Labor Relations Act and the Labor Management Relations Act, 1947 shall apply to employees at the Metropolitan Washington Airports covered by the Act. Provides that, subject to such amendment, any labor organization that is the exclusively recognized representative of any group of such employees shall remain the exclusive representative.

Resolution· SCONRESS.Con.Res. 97 (100th)referred

A concurrent resolution to commend the President, the Secretary of State, and the Administrator of the Agency for International Development on relief efforts that have been undertaken by the United States Government for the people in Ethiopia and other affected nations of sub-Saharan Africa, and encourage these officials to continue to extend all efforts deemed appropriate to preclude the onset of famine in these nations, and for other purposes.

United States · United States Congress · 26 January 1988

Commends the President, Secretary of State, and Administrator of the Agency for International Development for their response to the drought and food emergency in Ethiopia and other nations of sub-Saharan Africa, and urges them to continue efforts to preclude the onset of famine and to ensure the timely delivery of medical and other emergency relief supplies. Declares that: (1) the Government response to these food emergencies should include initiatives to prevent the dislocation of large numbers of persons across national borders and/or into relief camps; and (2) the plight of the refugees or displaced should be addressed by emphasizing the provision of basic human needs, such as food, water, and shelter.

Law· SJRESS.J.Res. 235 (100th)enacted

A joint resolution deploring the Soviet Government's active persecution of religious believers in Ukraine.

United States · United States Congress · 17 December 1987

Deplores the Soviet Government's active persecution of religious believers in the Ukraine and its forcible liquidation of the Ukrainian Orthodox and Ukrainian Catholic Churches. Discourages official participation by the U.S. Government in ceremonies of the Millennium of Christianity in Kievan Rus' so long as: (1) individuals are harassed and imprisoned for their religious beliefs and denied access to religious literature and instruction; and (2) the Ukrainian Catholic and Orthodox Churches remain outlawed. Sends greetings to the Ukrainian people on the Millennium. Urges the President, the Secretary of State, the U.S. delegation to the United Nations, and the U.S. delegation to the Vienna Review Meeting of the Conference on Security and Cooperation in Europe to continue to speak out forcefully against violations of religious liberty throughout the Soviet Union and, specifically, in the Ukraine. Calls upon the Soviet Government to release all those imprisoned for their religious beliefs and legalize the Ukrainian Orthodox and Ukrainian Catholic Churches.

Bill· SS. 1942 (100th)referred

Decennial Census Improvement Act of 1987

United States · United States Congress · 11 December 1987

Decennial Census Improvement Act of 1987 - Requires the Secretary of Commerce to adjust the population data of the decennial census to correct for any undercounts or overcounts and to report to the appropriate congressional committees, not later than one year in advance of such census, on the proposed plan for making such adjustment.

Law· SJRESS.J.Res. 227 (100th)enacted

A joint resolution to express gratitude for law enforcement personnel.

United States · United States Congress · 4 December 1987

Declares that, in celebration of Law Day U.S.A., special emphasis should be given by grateful people to all law enforcement personnel for their service in preserving domestic tranquility and guaranteeing rights under law.

Bill· SS. 1885 (100th)open

Act for Better Child Care Services of 1988

United States · United States Congress · 19 November 1987

Act for Better Child Care Services of 1987 - Authorizes appropriations for FY 1988 and such sums as necessary for FY 1989 through 1992 to carry out the purposes of this Act. Specifies the manner of making allotments for child care services. Requires the designation of a lead agency in each State which participates in the programs under this Act. Requires States to submit, in order to qualify for assistance under this Act, an application and plan to the Secretary of Health and Human Services. Requires each plan to cover a five-year period and to meet specified requirements for providers of child care services. Authorizes the use of State allotments: (1) by contracts with or grants to eligible child care providers, or public or private nonprofit agencies, to enable such providers or agencies to operate programs directly or by subcontract; or (2) by distributing child care certificates that parents may use as payment for child care services. Requires that a percentage of funds be reserved to enable part-day programs to extend existing hours of operation and provide full-day child care services. Authorizes the Secretary to make planning grants to States which desire to participate under this Act but cannot fully satisfy the requirements of a State plan without financial assistance. Provides for a review of the operation of a State plan during the five-year period to determine the State's continued eligibility for funds. Requires the Governor of each participating State to establish: (1) a State interagency advisory committee on child care to assist the lead agency in carrying out its responsibilities; and (2) a State committee on licensing to review the licensing requirements, the law, and the policies regulating child care services and programs within State. Requires each participating State to recognize private nonprofit community-based organizations, or public organizations, as resources and referral agencies for particular geographic areas. Requires each participating State to require that all employed or self-employed persons providing licensed or regulated child care complete at least 15 hours per year of inservice, continuing education, or other training as described in this Act. Directs the Secretary to establish within the Department of Health and Human Services an Administrator of Child Care to carry out the provisions of this Act. Establishes enforcement provisions for review of State plans and monitoring of State compliance. Declares the Federal share of child care programs to be 80 percent and requires the State to demonstrate that the remaining 20 percent will be provided from other sources. Requires the Secretary to establish a National Advisory Committee on Child Care Standards to: (1) review Federal policies on child care services and such other data as appropriate; (2) submit to the Secretary proposed minimum standards for child care programs; and (3) develop and make available to lead agencies model regulations for resources and referral agencies. Terminates the committee 90 days after the date of publication of final minimum child care standards. Prohibits the use of funds under this Act for: (1) sectarian purposes or activities; (2) capital improvements to sectarian institutions; and (3) tuition.

Law· SS. 1851 (100th)enacted

Genocide Convention Implementation Act of 1987 (the Proxmire Act)

United States · United States Congress · 5 November 1987

Genocide Convention Implementation Act of 1987 - Amends the Federal criminal code to establish the criminal offense of genocide. Sets forth penalties to be imposed upon anyone who commits or attempts to commit any of the acts which constitute genocide (a fine of $1,000,000 and/or imprisonment for up to 20 years, and life imprisonment if group members are killed). Sets forth criminal penalties (a fine of $500,000 and/or imprisonment for up to five years) for directly and publicly inciting an act of genocide.

Law· SS. 1856 (100th)enacted

National Historical Publications and Records Commission Amendments of 1988

United States · United States Congress · 5 November 1987

National Historical Publications and Records Commission Amendment Act of 1987 - Provides for staggering the terms of certain appointees to the National Historical Publications and Records Commission. Entitles all Commission members to transportation expenses and per diem in lieu of subsistence. Requires the chairman of the Commission to transmit to the President and the Congress from time to time, and at least biennially, the plans, estimates, and recommendations developed and approved by it. Authorizes the Commission to conduct institutes, training, and educational programs and to sponsor fellowships related to its activities. Authorizes the Commission to disseminate information about documentary sources through guides, directories, and other technical publications. Authorizes the Commission to recommend the expenditure of appropriated or donated funds for the collecting, describing, preserving, compiling, and publishing of significant documentary sources. Authorizes the Archivist of the United States to make allocations to Federal agencies and grants to State and local public and nonprofit entities after considering the advice and recommendations of the Commission. Authorizes appropriations to the Commission for FY 1989 and each of the four succeeding fiscal years.

Resolution· SCONRESS.Con.Res. 87 (100th)open

A concurrent resolution expressing the sense of the Congress with respect to demonstrations in Latvia commemorating Latvian Independence Day.

United States · United States Congress · 5 November 1987

Expresses the sense of the Congress that before November 18, 1987, the Secretary of State should inform the Soviet Government that the United States supports the right of the Latvian people to peacefully assemble to commemorate important dates in their history and should urge the Soviet Government to: (1) allow the Latvian people to publicly commemorate November 18, the anniversary of the founding of the independent Republic of Latvia, without reprisal; (2) allow the Western media access to Riga, Latvia, to report on that day's events; (3) halt harassment of Latvian human rights groups; and (4) release all Latvian prisoners of conscience, including human rights activists Linards Grantins and Gunars Astra, before such date. Urges the President to direct U.S. Government agencies to closely monitor the events of November 18, and to send an appropriate representative to observe that day's events. Urges the President and the Secretary to raise the issue of human rights and self-determination in the Baltic states during the next U.S.-Soviet summit.

Bill· SS. 1811 (100th)open

Steel Retirement Benefits Funding Act of 1987

United States · United States Congress · 22 October 1987

Steel Retirement Benefits Funding Act of 1987 - Establishes a Steel Retirement Benefits Authority consisting of the Secretaries of the Treasury, Labor, and Commerce, the Executive Director of the Pension Benefit Guaranty Corporation (PBGC), and one presidential appointee with experience in the steel industry. Requires the Authority to establish and operate the steel retirement benefits program and investment fund under this Act. Directs the Authority to agree to pay the qualified retirement benefits of a qualified steel corporation if such corporation will meet certain pension and health coverage requirements, certain asset transfer requirements, and other terms and conditions. Requires the Authority to assume liability for payment of the qualified retirement benefits and to pay a corporation in ten annual installments, each equal to one-tenth of the present value of the benefits plus interest. Requires that the Authority's payments be transferred directly to the trust which is part of the qualified pension plan from which the retirement benefits are paid. Allows such payments to be made to an employee welfare benefit plan to pay retiree health benefits in any plan year for which retirement benefits are fully funded. Provides that such payments will not be treated as trust or plan assets or as a contribution made by the corporation for certain Internal Revenue Code purposes. Provides that, if such an agreement is terminated, Authority payments will stop and benefit liability will revert to the corporation. Makes the corporation liable to the Authority at the time of such termination for any amounts paid out which exceed the value of the assets transferred. Provides that any excess value of such assets will revert to the corporation. Directs the Authority to issue and sell to the steel retirement benefits investment fund (established under this Act) obligations which are convertible to assets of corporations transferred to the Authority. Provides that such obligations shall be in amounts sufficient to make required payments to the corporations, pay the debt service on all issued obligations, and cover program administrative costs of the Authority and the Fund. Provides that such obligations shall be direct obligations of the United States and shall bear interest at a rate not greater than that for comparable U.S. Treasury certificates with the same maturity. Requires qualified corporations to continue to maintain pension and retiree health benefit plans. Allows corporations which filed for bankruptcy before 1987 to be qualified if they resume such plan operation or enter into an agreement for payment of plan benefits with the PBGC. Allows corporations which file for bankruptcy in 1987 or later to be qualified if they continue to maintain such plans. Sets forth an asset transfer requirement. Requires a qualified corporation to transfer to the Authority stock, stock warrants, or other equity instruments in, or debt or other assets of, the corporation in an amount sufficient to meet the Authority's obligations and the need to attract investors to the Fund, taking into account the availability of other sources of funds to the Authority. Sets forth provisions for the period the agreement between the Authority and a corporation is in effect. Requires a corporation to apply for such agreements within six months after enactment of this Act. Directs the Authority to establish a steel retirement benefits investment fund (the Fund). Requires the Authority to transfer to the Fund obligations sold by it to the Fund and the assets transferred to the Authority by corporations. Directs the Authority to make interests in the Fund available to the general public and to hold any interests remaining unsold. Requires that qualified retirees have separated from service during the period beginning on January 1, 1982, and ending on the date of enactment of this Act. Authorizes the Authority to extend such eligibility to retirees who separate from service within two years after the date of enactment. Includes survivors under the definition of qualified retiree. Holds a qualified steel corporation liable for qualified retirement benefits when it sells or transfers a steel facility.