Housing

To amend the Housing and Community Development Act of 1987 to make eligible for Nehemiah housing opportunity grants neighborhoods with contiguous blocks that contain vacant or unimproved lots.

United States · United States Congress · 4 May 1989

Amends the Housing and Community Development Act of 1987 to make neighborhoods with contiguous blocks containing vacant or unimproved lots eligible for Nehemiah housing opportunity grants.

To amend the Fair Housing Act to provide a longer transition period with respect to qualifying as housing for older persons for an exemption from certain provisions of such Act.

United States · United States Congress · 3 May 1989

Amends the Fair Housing Act to extend the transition period with respect to housing qualifying as housing for older persons based on the age of the residents.

Francis Anthony Keating II, of Oklahoma, to be General Counsel of the Department of Housing and Urban Development, vice J. Michael Dorsey, resigned.

United States · United States Senate · 2 May 1989

Veterans' Housing Amendments Act of 1989

United States · United States Congress · 2 May 1989

Veterans' Housing Amendments Act of 1989 - Revises the maximum amount of a home loan to be guaranteed by the Department of Veterans Affairs (VA) for the benefit of eligible veterans. Prescribes maximum amounts to be guaranteed to veterans in the case of a loan made to refinance a construction loan, an installment land sales contract, or a loan obtained by a previous owner of property which was assumed by the veteran as the lesser of the reasonable value of the dwelling or farm residence or the sum of the outstanding balance of the refinanced loan plus closing costs. Limits the maximum amount of the loan to be guaranteed in all other cases to be no more than 90 percent of the reasonable value of the dwelling or farm residence. Grants the Secretary of Veterans Affairs authority to sell vendee loans (to maintain the effective functioning of the loan guarantee program) without recourse after: (1) consulting with a professional financial advisor; (2) reviewing the experience of other Federal agencies that have conducted loan asset sales without recourse; (3) exploring such marketing strategies as overcollateralized loans or private reinsurances; and (4) accepting bids only when they appropriately reflect the prevailing interest rates and characteristics of the loans. Extends through FY 1991 the authority of the Secretary to collect loan fees from veterans being guaranteed housing or other loans through the VA. Repeals provisions relating to the inspection of manufactured homes purchased by veterans, and deems as meeting required standards any manufactured housing unit displaying a certificate of conformance to Federal manufactured home construction and safety standards. Repeals provisions placing certain restrictions on such VA manufactured home loans. Limits the maximum VA liability under such loan guarantees. Repeals provisions which prohibit the VA from guaranteeing loans for newly constructed residences in areas not served by public or community water and sewage systems. Permits the VA to collect debts arising out of the housing loan program by offsetting the debtor's Federal tax refund. Requires any veteran desiring a housing debt waiver to make such request within 180 days of the notification of such indebtedness (unless the Secretary determines that a longer period is reasonable) or by September 30, 1991, if notice of such debt was provided before October 1, 1989. Makes such waiver provisions applicable to active-duty veterans. Makes all former active-duty veterans eligible for basic entitlement to VA-guaranteed housing loans whether or not such a veteran has ever been discharged or released from active duty. Makes VA claim payment and property acquisition procedures in connection with guaranteed housing loans permanent. (Currently, such procedures terminate as of the end of FY 1989.)

Setting forth the congressional budget for the United States Government for the fiscal years 1990, 1991, and 1992.

United States · United States Congress · 2 May 1989

Sets forth the concurrent resolution on the budget for FY 1990 and the appropriate budgetary levels for FY 1991 and 1992. Sets forth levels and amounts of Federal revenues, new budget authority, budget outlays, and deficits for FY 1990 through 1992 for purposes of determining whether the maximum deficit amounts set forth in the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) have been exceeded. Recommends levels of Federal revenues of $776,325,000,000 for FY 1990, $831,775,000,000 for FY 1991, and $884,350,000,000 for FY 1992. Sets the amount by which the aggregate levels of Federal revenues should be increased at $5,800,000,000 for FY 1990, $6,200,000,000 for FY 1991, and $6,300,000,000 for FY 1992. Designates the following amounts of Federal revenues for Federal Insurance Contributions Act revenues for hospital insurance: (1) $69,925,000,000 for FY 1990; (2) $75,200,000,000 for FY 1991; and (3) $79,900,000,000 for FY 1992. Sets the appropriate levels of total new budget authority at $1,061,175,000,000 for FY 1990, $1,157,800,000,000 for FY 1991, and $1,214,050,000,000 for FY 1992. States that the appropriate levels of total budget outlays are $945,175,000,000 for FY 1990, $1,001,075,000,000 for FY 1991, and $1,040,400,000,000 for FY 1992. Sets deficit amounts at $168,850,000,000 for FY 1990, $169,300,000,000 for FY 1991, and $156,050,000,000 for FY 1992. Sets the appropriate level of the public debt at $3,122,800,000,000 for FY 1990, $3,374,100,000,000 for FY 1991, and $3,599,700,000,000 for FY 1992. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $19,025,000,000 for new direct loan obligations and $107,325,000,000 for new primary loan guarantee commitments, for FY 1990; (2) $19,425,000,000 for new direct loan obligations and $114,875,000,000 for new primary loan guarantee commitments for FY 1991; and (3) $19,150,000,000 for new direct loan obligations and $119,700,000,000 for new primary loan guarantee commitments for FY 1992. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, and new primary loan guarantee commitments for each major functional category for FY 1990 through 1992. Expresses the intent of the House Committee on the Budget that: (1) the Congress shall present the revenue and the spending reduction provisions of the reconciliation bill to the President concurrently; and (2) specific measures governing the governmental receipts figure will be determined through the regular processes, with any revenue legislation reconciled in accordance with agreement between the executive branch and the House Ways and Means Committee to be advanced legislatively when supported by the President. Requires the following House and Senate Committees to report to the Committees on the Budget of their respective Houses by June 30, 1989, changes in laws within their respective jurisdictions that are sufficient to increase contributions and reduce budget authority and outlays by specified amounts in FY 1990 through 1992: (1) House Committee on Agriculture; (2) House Committee on Banking, Finance, and Urban Affairs; (3) House Committee on Energy and Commerce; (4) House Committee on Interior and Insular Affairs; (5) House Committee on Merchant Marine and Fisheries; (6) House Committee on Post Office and Civil Service; (7) House Committee on Veterans' Affairs; (8) House Committee on Ways and Means (this committee must also report information concerning deficit reduction); (9) Senate Committee on Agriculture; (10) Senate Committee on Banking, Housing, and Urban Affairs; (11) Senate Committee on Commerce, Science, and Transportation; (12) Senate Committee on Environment and Public Works; (13) Senate Committee on Energy and Natural Resources; (14) Senate Committee on Governmental Affairs; (15) Senate Committee on Veterans' Affairs; and (16) Senate Committee on Finance (this committee must also report information concerning deficit reduction).

Alfred A. DelliBovi, of New York, to be Under Secretary of Housing and Urban Development, vice Carl D. Covitz, resigned.

United States · United States Senate · 1 May 1989

To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, housing savings accounts and, in order to compensate for the loss in Federal revenues by reason of such accounts, to restrict the deduction for home mortgage interest.

United States · United States Congress · 27 April 1989

Amends the Internal Revenue Code to allow an income tax deduction for up to $2,000 of cash contributions to a housing savings account established for the benefit of the taxpayer for the exclusive purpose of purchasing the taxpayer's first principal residence. Limits total deductions to $20,000. Prohibits an individual from being a beneficiary of more than one account. Excludes account distributions from gross income if they are used exclusively for the purchase of a first principal residence. Imposes penalties in the form of additional taxes on excess contributions to an account or when account funds or distributions are used for other than the legitimate purposes for which the account was established. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary on the maintenance of the account. Imposes a penalty for failure to file required reports. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization), unless the beneficiary engages in specified prohibited transactions in connection with it. Decreases the permissible income tax deduction for qualified residence interest: (1) from $1,000,000 to $500,000 with respect to acquisition indebtedness; and (2) from $100,000 to $75,000 with respect to home equity indebtedness. Disqualifies any mobile home used on a transient basis and any boat as a qualified second residence for purposes of these deductions.

Interest on Escrow Accounts Deposit Act of 1989

United States · United States Congress · 26 April 1989

Interest on Escrow Accounts Deposit Act of 1989 - Amends the Real Estate Settlement Procedures Act of 1974 to reduce the maximum amount of accumulated funds permitted in federally related mortgage loan escrow accounts. Establishes minimum lender interest rates for such accounts. Requires lenders to provide borrowers with statements of charges and payments. Prohibits lenders from charging statement fees. Authorizes civil penalties for violations of this Act.

National Service, Education, and Housing Opportunity Act of 1989

United States · United States Congress · 25 April 1989

National Service, Education, and Housing Opportunity Act of 1989 - Title I: Establishment of the Citizens Corps - Establishes the Citizens Corps, which shall provide the following national service options: (1) Civilian Service; (2) Service in the Armed Forces; and (3) Senior service. Allows individuals to serve in the Civilian Service who: (1) are age 17 or over; (2) have received a high school diploma or its equivalent; and (3) are U.S. citizens or permanent residents. Allows individuals to be eligible to enlist for service in the armed forces as Citizen Corps members (subject to existing personnel requirements of the armed forces) who: (1) have received a high school diploma or its equivalent; (2) satisfy applicable enlistment requirements; and (3) satisfy other eligibility criteria established by the Secretary of Defense. Allows individuals to serve in the Senior Service who: (1) are age 65 or over; and (2) meet eligibility criteria established by the Corporation for National Service. Makes Civilian Service one year of full-time national service, with the option of requesting an additional year. Makes Armed Forces Service either: (1) two years of active duty in the armed forces, two years in the Selected Reserve of a reserve component, and four years in the Individual Ready Reserve; or (2) eight years in the Selected Reserve of a reserve component. Makes the Senior Service for such time period as the Corporation for National Service allows and either full- or part-time. Provides that Civilian Service or Senior Service members may perform national service to meet the unmet needs of a State, local government, or other community. Allows such service to include educational service, human service, conservation service, public safety service in support of the criminal justice system, and service in existing national programs (such as the Peace Corps and VISTA). Directs the Secretary of Defense to designate appropriate national service positions for Citizens Corps members serving in the armed forces. Sets forth application requirements for Civilian Service and Senior Service. Directs the Secretary of Defense to establish a system to enlist individuals for service in the Armed Forces as Citizens Corps members. Title II: Administration of the Citizens Corps - Subtitle A: Administration of the Civilian Service and Senior Service - Makes the Corporation for National Service responsible for administering the Civilian Service and Senior Service of the Citizens Corps. Establishes the Corporation for National Service (CNS) as a nonprofit corporation which shall not be considered an agency or establishment of the U.S. Government. Makes the CNS subject to this Act and, if consistent with this Act, the District of Columbia Nonprofit Corporation Act. Directs CNS to establish: (1) types and amounts of allowances and support for Civilian and Senior Service members; (2) appropriate types of national service activities for such members; (3) procedures to monitor provision of financial assistance under title III of this Act to assure that Citizens Corps members and graduates faithfully perform and complete their service; (4) procedures to examine the effect of such national service on the availability and terms of employment in an area; and (5) rates of pay, eligibility criteria, and terms of service for Senior Service members. Directs CNS to make general grants, pursuant to a specified allocation formula, to assist States in: (1) paying civilian and senior service member stipends and wages; (2) providing and administering national service opportunities for such members; and (3) making grants to national service councils in each State. Authorizes CNS to make supplemental grants during a fiscal year to: (1) States which have an unusual increase in Civilian and Senior Service members (excluding those serving with Federal agencies) in such fiscal year; and (2) Federal agencies, to assist them in placing Civilian and senior Service members for such fiscal year. Directs CNS also to: (1) serve as a clearinghouse for national service opportunities information; (2) assist States in placing applicants in out-of-State positions, if they are unable to place them in within-State positions; (3) assist Federal agencies in acquiring national service participants; (4) investigate claims of abuses in placement or administration; and (5) issue rules for administering and monitoring service performance and provision of service opportunities. Subtitle B: Provision of National Service Positions for Members of the Civilian Service and Senior Service - Directs each State Governor to: (1) prepare a national service plan for the State, specifying priorities; and (2) designate volunteer service areas in the State. Requires each volunteer service area to have a national service council. Requires such councils to: (1) recruit and place volunteers; (2) prepare and implement a plan for such purposes; (3) provide oversight; and (4) perform other duties. Conditions provision of funds to a national service council upon its certification and on approval of its volunteer recruitment and placement plan. Requires councils to consider agency effectiveness and community-basing in selecting service sponsors, i. e. the public agencies or public or nonprofit organizations with which the Civilian or Senior Service members are placed. Requires the Council to take measures to prevent worker displacement. Requires each State to establish grievance procedures for resolving complaints of regular employees or their representatives that placement of Service members violates such prohibitions of worker displacement. Provides for appeal of State decisions under such procedures to CNS. Authorizes CNS to require private nonprofit corporations to pay to CNS up to $1,000 per Service member placed in a position with such organization. Provides for reduction of such payment to reflect part-time or less than full-year service. Subtitle C: Deferred Placement of Members of the Civilian Service - Directs CNS to establish a Deferred Placement Program for Civilian Service members by which individuals eligible to serve may, before placement for a term of service, receive specified financial assistance provided for Civilian Service members to help them pursue a program of education or training at an educational institution or training establishment. Sets forth the following provisions for the Deferred Placement Program: (1) conditions of eligibility to participate; (2) a competitive selection process for acceptance; (3) limitations on the use of such assistance; (4) reductions of subsequent assistance; (5) placement upon completion of education or training; and (6) liability for breach of contract. Subtitle D: Administration of the Citizens Corps with regard to Service in the Armed Forces - Makes the Secretary of Defense responsible for administering the Citizens Corps with regard to service by Citizens Corps members in the armed forces and to issue rules for such purpose within 60 days. Title III: Benefits for Participating in the Citizens Corps - Requires States and Federal agencies to provide $100 per week stipends to Civilian Service members. Requires CNS to provide such members with health insurance. Authorizes CNS to provide other appropriate support assistance. Requires States and Federal agencies to pay an hourly wage determined by CNS to Senior Service members. Authorizes CNS to provide other appropriate support assistance. Requires that Citizens Corps members serving in the armed forces receive 66 percent of the rate applicable to other armed forces members of the same pay grade and years of service, for their basic pay and basic allowances for subsistence and quarters. Makes such Citizens Corps members and graduates ineligible for specified benefits for other members and veterans of the armed forces. Establishes certain educational and housing benefits for those who complete Citizens Corps service in the Civilian Service or in the armed forces. Provides that such financial benefits shall be to assist such individuals to: (1) pursue a program of education or training at an educational institution or training establishment; or (2) purchase or construct a dwelling to be owned and occupied by such individuals as their primary residence. Excludes such assistance from gross income for income tax purposes. Sets the amount of such education and housing benefits for Civilian Service at not to exceed $10,000 for each year of the term of service completed. Allows CNS to provide portions of such assistance to individuals who are released from such service for just cause. Sets the amount of such education and housing benefits for Citizens Corps service in the armed forces at: (1) not to exceed $24,000 for completion of two years honorable service on active duty, if the member agrees to complete the honorable service obligation selected; and (2) not to exceed $12,000 for each year of satisfactory participation in training in the Selected Reserve, if the member agrees to complete the honorable service obligation selected. Allows the Secretary of Veterans Affairs to provide portions of such assistance to Citizens Corps members released with an honorable discharge from completing a service obligation in the armed forces. Excludes such education or housing assistance from gross income for Federal income tax purposes, but requires that it be considered when determining family contribution for purposes of a financial need analysis under student aid provisions of the Higher Education Act of 1965. Limits the use of such assistance to the ten-year period after completion of service, unless it is determined that an individual was unavoidably prevented from using such assistance during such time period. Directs the Secretary of Veterans Affairs to establish a system to recoup education or housing assistance used by a member of the Citizen Corps serving in the armed forces or a reserve component in cases in which the individual fails to honorably complete the required service obligation. Provides that the amount thus recouped be calculated and collected in the same manner as in breach of contract cases under the Deferred Placement Program. Sets forth biennial joint reporting requirements for CNS and the Secretary of Veterans Affairs regarding the provision of education and housing benefits. Title IV: Miscellaneous Provisions - Entitles individuals who successfully complete terms of service in the Peace Corps or VISTA to educational and housing benefits. Provides that entitlement to benefits shall be in the same manner as for a member of the Civilian Service, even though such individuals are not members of such Service; but reduces such benefits to reflect the amount of compensation received by such volunteers over and above the amount of the stipend for Civilian Service members. Authorizes appropriations.

Housing Grant Action Program Act of 1989

United States · United States Congress · 19 April 1989

Housing Grant Action Program Act of 1989 - Title I: Housing Grant Action Program - Authorizes the Secretary of Housing and Urban Development to make basic housing grants to States to cover development and acquisition costs of low and moderate income housing. Bases amounts on a national formula that includes the following factors: (1) population; (2) income and poverty; (3) housing stock; (4) State fiscal capacity; and (5) housing affordability. Authorizes the Secretary to make challenge grants to States to cover development and acquisition costs for low and moderate income housing. Requires a State to submit a two-year grant action plan, including a provision for public participation. Sets forth special plan criteria for cities and counties with populations in excess of specified levels. Sets forth targeted income groups for homeownership and rental programs. Authorizes appropriations (70 percent for basic grants, 30 percent for challenge grants). Title II: FHA Insurance Programs - Amends the National Housing Act to authorize a mortgage insurance demonstration program for certain mortgagor-occupied one- to four-family residences. Authorizes the Secretary to implement multifamily mortgage insurance programs without the approval of other Federal agencies. Includes specified National Housing Act coinsured mortgages within the scope of title I of this Act. Title III: Tax and Housing Policy Coordinating Council - Establishes a Tax and Housing Policy Coordinating Council to coordinate tax policy and legislation with the administration's housing policy. Directs the Council to: (1) advise the President regarding the consistency between existing and proposed tax policy and housing policy; and (2) comment on proposed tax legislation. Directs congressional committees, in order to facilitate an awareness of the relation between tax and housing policy, to include a "housing impact statement" in any committee report accompanying tax legislation. Title IV: Repeals and Amendments - Repeals: (1) section 17 (rental rehabilitation and development grants) of the United States Housing Act of 1937; and (2) section 235 (homeownership for lower income families) of the National Housing Act. Amends the Housing and Community Development Act of 1974 to limit housing construction or rehabilitation assistance to grantees unable to receive such assistance under title I of this Act.

Homelessness Prevention and Housing Rehabilitation Act of 1989

United States · United States Congress · 13 April 1989

Homelessness Prevention and Housing Rehabilitation Act of 1989 - Directs the Secretary of Housing and Urban Development to provide financial assistance in FY 1990 and 1991 to expand housing supplies through rehabilitation for the homeless, people at risk of becoming homeless, and low-income persons and families under the following programs: (1) section 8 assistance; (2) modernization of vacant public housing; (3) rental rehabilitation grants; and (4) rehabilitation of State and local in rem properties. Gives priority to: (1) programs for families of five or more members; and (2) programs for disabled persons. Establishes a security deposit assistance program (plus one month's rental assistance) designed to encourage the permanent housing of the homeless and help very low-income families avoid homelessness. Authorizes FY 1990 and 1991 appropriations. Requires the Secretary to submit an annual report to the Congress.

Drug-Free Housing Act of 1989

United States · United States Congress · 13 April 1989

Drug-Free Housing Act of 1989 - Amends the United States Housing Act of 1937 to make ineligible for public housing assistance, and expedite procedure for evicting, persons involved in drug-related criminal activity.

Community Housing Partnership Act

United States · United States Congress · 12 April 1989

Community Housing Partnership Act - Title I: Housing Education and Organizational Support Grants for Community Based Housing Projects - Authorizes the Secretary of Housing and Urban Development to provide housing education and organizational support grants directly to nonprofit organizations or indirectly to States and cities to assist such organizations. Authorizes permanent appropriations beginning with FY 1989. Title II: Community Housing and Partnership Grants - Authorizes the Secretary to provide community partnership grants directly to nonprofit organizations or indirectly to States and cities to assist such organizations. Divides appropriations among: (1) urban community housing partnership grants; (2) State community housing partnership grants; and (3) direct community housing partnership grants. Sets forth the following eligible activities: (1) technical assistance and site control loans; (2) seed-money loans; (3) matching grants or loans; and (4) technical and management assistance for nonprofit sponsors. Sets forth rental project and home ownership eligibility provisions, including: (1) occupancy by lower income families; (2) profit limitations; (3) funding coordination; (4) tax treatment; and (5) affirmative action requirements. Authorizes permanent appropriations beginning with FY 1989. Title III: General Provisions - Defines specified terms for purposes of this Act.

First Home Act

United States · United States Congress · 5 April 1989

First Home Act - Directs the Secretary of Housing and Urban Development to establish a program of first-time homebuyer downpayment savings accounts based on periodic payment schedules. Guarantees the difference, if any, between the actual downpayment and the amount in the downpayment account upon the homebuyer's completion of the savings account's terms. Amends Federal law to establish downpayment savings accounts in the Treasury. Amends the Internal Revenue Code to exclude from gross income any interest from downpayment savings accounts.

National Affordable Housing Act

United States · United States Congress · 23 March 1989

National Affordable Housing Act - Title I: General Provisions and Policies - Sets forth a national housing goal and the objectives of a national housing policy. Requires State and local entities receiving direct assistance to submit to the Secretary of Housing and Urban Development a comprehensive housing affordability strategy. Title II: Homeownership - Subtitle A: FHA Amendments - Amends the National Housing Act to base Federal Housing Administration (FHA) first-time homebuyer loan ceilings on regional median home prices. Authorizes the insurance of industry accepted mortgages under specified conditions. Requires the Secretary to report annually to the Congress regarding mortgage insurance categories. Subtitle B: Savings for a Downpayment - Amends the Internal Revenue Code to: (1) authorize certain retirement plans (401(k) plans) to make equity investments in a participant's principal residence; and (2) authorize individual retirement account funds to be used as loans to purchase a home by a first-time homebuyer. Title III: Investment in Affordable Housing - HOME Corporation Act - Establishes the Government National HOME Corporation in the Department of Housing and Urban Development (HUD). Authorizes FY 1990 and 1991 appropriations for activities under this title. Subtitle A: Housing Opportunity Partnerships (HOP) - Authorizes the Secretary, acting through the HOME Corporation, to make funds available for investment in order to expand the affordable housing supply. Directs the HOME Corporation to develop model programs designed to carry out the purposes of this title. Requires participating jurisdictions to target housing for very low- and low-income families. Sets forth affordable housing qualification provisions. Allocates resources by a housing need-based formula and by incentives. Directs the HOME Corporation to establish a housing investment trust fund for each participating jurisdiction. Requires participant matching funds. Sets aside funds for nonprofit community organization housing. Provides penalties for misuse of funds. Subtitle B: Mortgage Credit Enhancement - Authorizes the HOME Corporation to guarantee affordable housing mortgage loan pools. Subtitle C: Other Support for State and Local Housing Strategies - Directs the HOME Corporation to develop the capacity of State and local agencies and profit and nonprofit entities to identify and meet the needs for increased affordable housing, including related housing research. Subtitle D: General Authority of the HOME Corporation - Sets forth operating and authority provisions for the HOME Corporation. Subtitle E: General Provisions - Sets forth administrative provisions for the HOME Corporation. Title IV: Affordable Rental Housing - Subtitle A: Preservation of Affordable Rental Housing - Amends the Department of Housing and Urban Development Act to establish in HUD an Office of Affordable Housing Preservation. Subtitle B: Low-Income Rental Assistance - Amends the United States Housing Act of 1937 to revise the section 8 rental assistance program. Increases FY 1990 and 1991 budget authority for such assistance. Title V: Housing For Persons With Special Needs - Subtitle A: Assistant Secretary for Supportive Housing - Amends the Department of Housing and Urban Development Act to establish in HUD a position of Assistant Secretary for Supportive Housing to administer programs serving elderly, handicapped, or homeless persons, or others with special housing needs. Subtitle B: Supportive Housing for the Elderly - Amends the Housing Act of 1959 to authorize assistance to expand the supply of supportive housing for the elderly. Authorizes FY 1990 and 1991 appropriations. Authorizes assistance to adapt federally assisted housing for the elderly to better meet the needs of frail elderly, handicapped, or temporarily disabled residents. Authorizes FY 1990 and 1991 appropriations. Subtitle C: Supportive Housing for the Handicapped - Authorizes assistance to expand the supply of supportive housing for the handicapped. Authorizes FY 1990 and 1991 appropriations. Subtitle D: Supportive Housing for the Homeless - Amends the Stewart B. McKinney Homeless Assistance Act to authorize grants to States and local government units for homeless housing assistance. Sets forth grant allocation provisions. Permits States and local units to use such assistance for approved activities. Requires grantees to provide matching funds. Authorizes FY 1991 and 1992 appropriations. Requires an annual report to the Congress. Sets forth the following approved activities: (1) emergency shelter; (2) transitional housing for the homeless; (3) permanent housing for the handicapped homeless; and (4) supplemental assistance for facilities to assist the homeless. Increases FY 1990 and 1991 budget authority for the section 8 single room occupancy program. Title VI: Public and Indian Housing - Subtitle A: Public Housing Development - Amends the United States Housing Act of 1937 to authorize the development of new and replacement public housing. Subtitle B: Authorization - Amends the United States Housing Act of 1937 to authorize FY 1990 and 1991 public housing appropriations. Increases FY 1990 and 1991 budget authority for rental rehabilitation and development grants. Obligates FY 1990 and 1991 funds for: (1) Indian housing; and (2) the comprehensive improvement assistance program. Subtitle C: Project Independence - Amends the United States Housing Act of 1937 to provide public housing residents with greater access to employment, day care, educational, and other services. Obligates FY 1990 and 1991 funds for such purposes. Subtitle D: National Commission on Severely Distressed Public Housing - Establishes the National Commission on Severely Distressed Public Housing to identify severely distressed public housing projects, evaluate strategies to eliminate unfit housing conditions, and develop a national plan to achieve such objectives. Authorizes FY 1990 and 1991 appropriations. Title VII: Rural Housing - Amends the Housing Act of 1949 to reauthorize through FY 1991: (1) rural housing insured or guaranteed loans; (2) rental assistance payment contract authority; (3) rental housing loan authority; and (4) mutual and self-help housing grant and loan authority. Authorizes deferred mortgage repayments under specified conditions. Sets aside FY 1990 and 1991 funds for targeted underserved areas. Title VIII: Amendment to the Internal Revenue Code - Amends the Internal Revenue Code to make permanent the low-income housing credit ceiling. Title IX: Repeals and Conforming Amendments - Sets forth specified conforming and other related amendments.

Housing for the Chronically Mentally Ill Act of 1989

United States · United States Congress · 23 March 1989

Housing for the Chronically Mentally Ill Act of 1989 - Amends the Housing and Community Development Act of 1974 to permit State mental health authorities, or other private nonprofit or public agencies designated by a State, to use vacant residential property to provide supervised living for the chronically mentally ill. Authorizes appropriations for FY 1990 and for each fiscal year thereafter. Amends the United States Housing Act of 1937 to authorize a housing voucher program for the chronically mentally ill. Increases specified budget authority for FY 1990 through 1992 for such purposes.

Child Care Services Improvement Act of 1989

United States · United States Congress · 23 March 1989

Child Care Services Improvement Act of 1989 - Title I: Choices for Working Families Credit - Amends the Internal Revenue Code to increase the amount of the earned income tax credit and to adjust it according to the number of children in a family. Title II: Child Care Block Grant - Subtitle A: Child Care Block Grant - Amends title XX of the Social Security Act to authorize appropriations for FY 1990 through 1992 for allotments to States for grants to eligible entities for child care related projects. Directs the Secretary of Health and Human Services (the Secretary for purposes of this title) to make allotments to States through a formula based on the number of children under 13 years of age living in a household whose income is not greater than 200 percent of the poverty level, adjusted for family size. Sets the Federal share at 80 percent of the project grants. Makes eligible for such grants: (1) local government units, including school districts; (2) nonprofit organizations; (3) professional or employee associations; (4) one or more small businesses; (5) higher education institutions; (6) hospitals or health care facilities; (7) family care providers; or (8) entities the State considers able and appropriate to carry out such a project. Allows a State to make such grants to eligible entities for: (1) child care certificate programs or scholarships enabling low-income families to obtain adequate child care; (2) community or neighborhood child care centers and homes, including renovation of public buildings for such purposes; (3) after school child care programs; (4) grants or loans for start-up costs of employer-sponsored child care programs; (5) training programs for child care providers; (6) temporary care of sick children unable to attend their regular child care programs; (7) expansion of existing part-day child care programs into full-day child care programs; (8) child care programs for homeless children; and (9) child care programs with programs to assist the elderly. Requires States to meet specified certification requirements, including establishment of standards of accreditation or licensing for family-based and group child care providers and methods of inspection and certification based on such standards. Requires annual State reports. Directs the Secretary to summarize State reports annually for the Congress. Requires grant recipients to cover between ten percent and 50 percent of the project cost with non-Federal funds. Directs each State Governor to establish an advisory council on child care. Directs the Secretary to conduct and support: (1) research on the effectiveness of early childhood education and quality child care on child growth and development; and (2) demonstration programs to test the effectiveness of innovative child care arrangements and programs (including at least ten grants to entities in accordance with subtitle B of this title). Subtitle B: Quality Child Care Demonstration Projects - Authorizes the Secretary to make grants to not more than ten eligible public agencies and private entities, in urban and rural areas, to administer child development models. Directs the Secretary to report to the Congress by April 1, 1992, on the operation of the child development models that received grants, with a summary of their evaluation reports. Subtitle C: Revolving Loan Fund - Provides assistance for State-established revolving loan funds to enable family-based child care providers to meet accreditation or licensing standards. Requires each applicant State to provide in its plan for such assistance to have established a revolving loan fund along with specified procedures and guidelines. Authorizes appropriations for FY 1990, to remain available for assistance to States for FY 1990 through 1992. Directs the Secretary to make allotments to States through a formula based on the number of children under 13 years of age. Title III: Building Blocks for Employer/Employee Child Care Partnerships - Amends the Internal Revenue Code to provide that a plan shall not be treated as a cafeteria plan unless it provides an option to choose benefits under a dependent care assistance program. Establishes a tax credit for employers who provide qualified child care facilities. Provides that certain earnings from the provision of qualified family-based or in-home child care services are entitled to: (1) special rules for and a lower rate of self-employment tax; and (2) exemptions from wage withholding and estimated tax requirements (under the Internal Revenue Code and the Social Security Act). Title IV: Child Care Liability - Subtitle A: Child Care Liability Reform - Applies the provisions of this subtitle, with specified exceptions, to any civil action, in any State or Federal court, against any child care provider who is in compliance with the licensing or accreditation requirements of the State in which the provider is located. Makes this part inapplicable to civil actions for intentional torts. Provides that this part shall preempt and supersede Federal or State law only to the extent such law is inconsistent with this part. Sets forth certain defenses, rules, and rights which are not affected by this part. Makes joint and several liability inapplicable to any action subject to this subtitle. Makes an exception for concerted actions. Provides for reduction of awards for damages in cases of collateral sources of compensation. Sets forth standards and procedures for the award of punitive or exemplary damages in civil actions to which this subtitle applies. Provides that nonprofit corporations or local educational agencies are not liable for damages in any civil action to which this subtitle applies which is brought against a separate child care-providing corporation or business organization of which they are the parent or majority owners. Encourages States to establish expedited and simplified procedures under which nonprofit organizations and local educational agencies may inexpensively and quickly incorporate or otherwise organize such entities as separate child care providers. Subtitle B: Child Care Liability Risk Retention Group - Authorizes any State to assist in the establishment and operation of a child care liability risk retention group (i.e. a corporation or other limited liability association whose members are child care providers licensed or accredited pursuant to State or local law or standards and which otherwise satisfies specified criteria for risk retention groups). Requires State plans to: (1) identify the lead agency designated and responsible for the administration of funds under this part; (2) provide that all participants in the child care liability risk retention group are child care providers who are licensed or accredited pursuant to State or local law or standards; (3) provide for maximum membership of family-based child care providers in the group; (4) provide that the State shall use at least the amount allotted to establish or maintain a liability risk retention group for child care providers; and (5) specify how any such liability risk retention group will continue to be financed after FY 1992, including financing through contributions by the State or by members of such pool. Directs the Secretary of Health and Human Services to review and approve State plans and to monitor State compliance with requirements of this subtitle. Provides for suspension of payments upon a finding of noncompliance. Authorizes appropriations for FY 1990 to remain available for assistance to States for FY 1990 through 1992. Directs the Secretary of Commerce to allot funds to States on the basis of the number of children under 13 years of age. Title V: President's Award for Responsive Management Policy - Establishes the President's Award for Responsive Management Policy to honor public and private sector employers who have: (1) successfully implemented in their businesses family-oriented personnel programs and policies responsive to child care needs of working parents; or (2) made significant contributions to child care projects in their communities. Directs the President, through the Secretary of Labor, to solicit nominations.

Neighborhood Housing Services Act of 1989

United States · United States Congress · 23 March 1989

Neighborhood Housing Services Act of 1989 - Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1990 through 1994 appropriations for the Neighborhood Reinvestment Corporation. States that appropriations in excess of amounts necessary for existing Corporation services shall be available to: (1) expand the national neighborhood housing services network; (2) expand the Neighborhood Housing Services of America's loan purchase capacity; (3) make grants for incentives to extend low-income housing use; (4) increase purchases of Department of Housing and Urban Development multi-family properties; and (5) provide assistance to mutual housing associations to ensure housing affordability for low and moderate income families.

Thrift Institution Capital Enhancement Act of 1989

United States · United States Congress · 23 March 1989

Thrift Institution Capital Enhancement Act of 1989 - Amends the Bank Holding Company Act of 1956 to allow a bank holding company to acquire the shares of a thrift institution: (1) that has an amount of regulatory capital equal to less than three percent of the total liabilities of such institution; or (2) pursuant to the emergency acquisition provisions of the National Housing Act. Amends the National Bank Act to allow national banks to acquire the shares of a thrift institution that has an amount of regulatory capital equal to less than three percent of the total liabilities of such institution. Prohibits the Federal Reserve Board from imposing on a bank holding company which purchases shares in such a thrift institution any limitations relating to the extent such bank holding company may: (1) increase the number of branches of any insured institution subsidiary; (2) allow insured institution subsidiaries to offer or market the products or services of bank subsidiaries; (3) consolidate certain functions; (4) allow the use of the same name or logo by bank and insured institution subsidiaries; or (5) allow transactions between insured institution subsidiaries and other affiliates of such insured institutions. Amends the National Housing Act to allow certain savings and loan holding companies to acquire not more than five percent of the voting shares of a thrift institution which is not a subsidiary of such holding company. Allows mutual savings and loan holding companies to sell to the public not more than 49 percent of the shares of any insured institution subsidiary of such holding company.

To designate April 1989, as "Fair Housing Month".

United States · United States Congress · 23 March 1989

Authorizes and requests the President to designate the month of April 1989 as Fair Housing Month.

Expressing the sense of the House of Representatives regarding the steps which the United States must take to ensure that all Americans have decent and affordable housing.

United States · United States Congress · 23 March 1989

Expresses the sense of the House of Representatives regarding the steps which the United States must take to ensure that all Americans have decent and affordable housing, including housing rehabilitation, strengthened loan insurance and secondary mortgage institutions, and homeownership programs.

To establish the Select Committee on Housing and Tax Policy.

United States · United States Congress · 22 March 1989

Establishes in the House of Representatives the Select Committee on Housing and Tax Policy.

Deposit Insurance Reform and Regulatory Modernization Act of 1989

United States · United States Congress · 21 March 1989

Deposit Insurance Reform and Regulatory Modernization Act of 1989 Title I: Common Management of All Federal Deposit Insurance Funds Established - Federal Deposit Insurance Reform and Simplification Act - Amends the National Housing Act to transfer the management of the Federal Savings and Loan Insurance Corporation (FSLIC) from the Federal Home Loan Bank Board (FHLBB) to the Federal Deposit Insurance Corporation (FDIC). Makes such transfer effective January 1, 1990. Requires the FDIC and the FHLBB to consult with and cooperate with each other in carrying out their respective duties. Specifies that all functions and activities of the FSLIC concerning the regulation of savings and loan holding companies shall be transferred to the FHLBB. Amends the Federal Credit Union Act to transfer the management of the National Credit Union Share Insurance Fund (NCUSIF) from the National Credit Union Administration (NCUA) to the FDIC. Makes such transfer effective January 1, 1990. Requires the FDIC and the NCUA to consult with and cooperate with each other in carrying out their respective duties. Title II: Federal Deposit Insurance Funds Combined; Federal Deposit Insurance Act Amendments - Federal Deposit Insurance Merger Act - Subtitle A: Merger of Federal Deposit Insurance Funds - Redesignates the FDIC as the Federal Deposit and Savings Insurance Corporation (FDSIC), effective January 1, 1994. Designates the FDSIC as the insurer of deposits in all eligible depository institutions, including: (1) institutions insured by the FDIC as of December 31, 1993; (2) new national banks when chartered by the Comptroller of the Currency; (3) State banks which become members of the Federal Reserve System; (4) savings and loan associations insured by the FSLIC as of December 31, 1993; (5) new savings and loan associations when chartered by the FHLBB; (6) credit unions insured by the NCUSIF as of December 31, 1994; and (7) new credit unions when chartered by the NCUA. Specifies procedures for uninsured State depository institutions to apply to become insured depository institutions. Establishes within the FDSIC the Federal Deposit Insurance Fund (Fund) consisting of the Permanent Insurance Fund of the FDIC and amounts transferred to the Fund from the primary and secondary reserves of the FSLIC and from the NCUSIF. Authorizes the FDSIC to limit the aggregate amount of public funds which may be invested in time and savings deposits in any insured depository institution by a Federal, State, or local government depositor on the basis of the size of any such depository institution. Allows an exception to such limitation with respect to deposits for which the government depositor has pledged collateral required as security for such deposits. Preserves any prior rights and obligations of the FSLIC and the NCUSIF arising before the effective date of the termination of the FSLIC and the NCUSIF. Makes technical and conforming amendments to the definitions of "bank" and other related terms. Sets forth new definitions relating to savings and loan associations, credit unions, and foreign banks. Makes technical and conforming amendments to the Federal Deposit Insurance Act to revise and set forth requirements concerning: (1) the coordination of activities with other examining agencies; (2) reporting; (3) the disposition of net assessment income; (4) adjustments to capital based on capital-to-insured deposits ratios; (5) continuing the business of an insured institution which lacks a quorum of directors due to suspension, which has lost its insured or member status, or which is under receivership; (6) payments to depositors of closed institutions; (7) the issuance of capital stock for a new depository institution; and (8) disqualifying offenses for directors or officers of insured institutions. Amends the Federal Deposit Insurance Act to provide that time and savings deposits held by insured depository institutions shall be lawful investments for and may be accepted as securities for: (1) all public funds of the United States; (2) fiduciary and trust funds under the authority or control of the United States; and (3) funds of all corporations organized under the laws of the United States. Allows insured depository institutions to be depositaries of public funds and fiscal agents of the United States, subject to regulations prescribed by the Secretary of the Treasury. Subtitle B: Termination of FSLIC; Amendments to National Housing Act - Terminates the FSLIC effective January 1, 1994. Requires the FDSIC to take such action as may be necessary to wind up the affairs of the FSLIC and to conclude its functions, including matters affecting the disposition of personnel, assets, liabilities, property, and records. Requires the Board of Directors of the FDSIC to ensure the transfer to the FDSIC of all assets, liabilities, property, and records of the FSLIC relating to any function that becomes a FDSIC responsibility. Makes technical and conforming amendments to the National Housing Act concerning the definition of "insured institution," the registration of new savings and loan holding companies, the continuation of the registration of existing holding companies, and reporting by the FHLBB to the FDSIC of insurance risks. Makes technical and conforming amendments to the Home Owners' Loan Act of 1933 and the Federal Home Loan Bank Act. Subtitle C: Termination of National Credit Union Share Insurance Fund - Terminates the NCUSIF as of January 1, 1995. Requires the FDSIC Board to ensure the transfer to the FDSIC of all assets, liabilities, property, and records of the NCUSIF. Repeals provisions of the Federal Credit Union Act relating to the NCUSIF. Subtitle D: Amendments to Other Acts - Makes specified technical and conforming amendments to various Federal laws relating to the banking industry, including the Bank Protection Act of 1968, the Home Mortgage Disclosure Act of 1975, the Community Reinvestment Act of 1977, the Depository Institution Management Interlocks Act, the Truth in Lending Act, the Fair Credit Reporting Act, the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, the Electronic Fund Transfer Act, the Federal criminal code, the Flood Disaster Protection Act of 1973, the International Banking Act of 1978, the Federal Credit Union Act, the Bank Holding Company Act Amendments of 1970, the Federal Reserve Act, the Bank Holding Company Act of 1956, and the Farm Credit Act of 1971. Title III: Merger of Federal Banking and Thrift Institution Regulatory Agencies - Federal Depository Institutions Commission Act - Redesignates the Federal Deposit Insurance Act as the Federal Depository Institutions Act. Subtitle A: Federal Depository Institutions Commission - Establishes the Federal Depository Institutions Commission. Sets the membership of the Commission at five members, four to be appointed by the President and one to be selected by the Chairman of Federal Reserve Board from the members of the Board. Sets the term of Commission members at seven years. Specifies that initial appointments shall be made so as to achieve staggered terms. Sets forth administrative powers of the Commission. Grants U.S. district courts jurisdiction over all cases to which the Commission is a party, with certain exceptions relating to cases involving the Commission as a receiver of a State depository institution or certain rights of a State depository institution under State law. Subtitle B: Regulation of National Banks - Transfers to the Commission all functions of the Comptroller of the Currency relating to the formation, supervision, and regulation of national banks, effective January 1, 1998. Makes technical and conforming amendments to various Federal statutes relating to the examination and supervision of national banks. Authorizes the Commission to require reports of condition or special reports from such banks at any time and to require the publication of such reports in local newspapers where the national banks are located. Redesignates certain Federal statutes as the National Bank Receivership Act of 1886. Authorizes the Commission, when acting as a receiver of a national bank, to use the assets of such bank to purchase any real or personal property in which the institution has an interest, if the property is being sold under any execution, foreclosure decree, or court order. Subtitle C: Regulation of Member Banks - Transfers to the Commission all functions of the Federal Reserve Board and the Federal reserve banks relating to the examination, supervision, and regulation of banks which are members of the Federal Reserve System, effective January 1, 1998. Exempts from such transfer and maintains with the Federal Reserve Board the authority to suspend member banks' use of Federal Reserve System credit facilities and the authority to permit State banks to subscribe to the stock in a Federal reserve bank. Makes technical and conforming amendments to the Federal Reserve Act, the Bank Holding Company Act of 1956, and other Federal banking statutes. Subtitle D: Regulation of Insured Depository Institutions - Transfers to the Commission all functions of the FDSIC relating to the examination, supervision, regulation and insurance of deposits of State-chartered non-member insured banks, effective January 1, 1998. Makes technical and conforming amendments to various Federal banking statutes. Subtitle E: Regulation of Thrift Institutions - Transfers to the Commission all functions of the FHLBB relating to the chartering, regulating, and examining of savings banks, savings and loan institutions, savings and loan holding companies, and holding company affiliates, effective January 1, 1998. Makes technical and conforming amendments to the Home Owners' Loan Act of 1933, the National Housing Act, and the Federal Home Loan Bank Act. Subtitle F: Regulation of Credit Unions - Transfers to the Commission all functions of the National Credit Union Administration Board, effective January 1, 1998. Makes technical and conforming amendments to the Federal Credit Union Act. Subtitle G: Termination and Transfer Provisions - Authorizes the President and the chairman of the Federal Reserve Board to appoint members of the Commission in advance of its effective date in order for the Commission to be prepared to carry out its functions on such effective date. Requires the Commission to consult with other banking regulatory agencies for the purpose of achieving the transfers and reorganizations required by this Act in the most efficient and least disruptive manner. Terminates the FDSIC (as established by this Act) effective January 1, 1998. Requires the Commission to wind up the affairs of the FDSIC, to conclude its functions, including matters affecting the disposition of personnel, assets, liabilities, property, and records and to transfer to the Commission all assets, liabilities, property, and records of the FDSIC. Terminates the National Credit Union Administration and Board, effective January 1, 1998. Requires the Commission to wind up the affairs of NCUA as of such date, to conclude its functions, including matters affecting the disposition of personnel, assets, liabilities, property, and records and to transfer to the Commission all assets, liabilities, property, and records of the NCUA. Requires the Commission to ensure the efficient transfer to the Commission of the assets, liabilities, property, and records relating to the functions of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Home Loan Bank Board transferred to the Commission. Subtitle H: Effective Date - Makes this title effective on January 1, 1998.

Colonia Water and Sewage Service Act

United States · United States Congress · 21 March 1989

Colonia Water and Sewage Service Act - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to make grants to public bodies and private nonprofit organizations for the installation or improvement of the operation or maintenance of facilities (and necessary related equipment) for the storage, treatment, purification, or distribution of water, and the collection, treatment, or disposal of waste, in rural areas in the United States within 30 miles of the Mexican border. Expands the use of the terms "rural" and "rural area" to include any area in the United States within 30 miles of the international border separating the United States from Mexico in which a substantial portion of the residents thereof lack water and sewage facilities. Amends the Housing Act of 1949 to direct the Secretary of Housing to make loans, grants, and combined loans and grants to eligible very-low income families or persons (including the nonelderly) in rural areas in the United States within 30 miles of the Mexican border for the cost of repairs, improvements, and additions to provide sanitary waste facilities and convenient and sanitary water supplies. Authorizes appropriations for such purposes.

National Affordable Housing Act

United States · United States Congress · 21 March 1989

National Affordable Housing Act - Title I: General Provisions and Policies - Sets forth a national housing goal and the objectives of a national housing policy. Requires State and local entities receiving direct assistance to submit to the Secretary of Housing and Urban Development a comprehensive housing affordability strategy. Title II: Homeownership - Subtitle A: FHA Amendments - Amends the National Housing Act to base Federal Housing Administration (FHA) first-time homebuyer loan ceilings on regional median home prices. Authorizes the insurance of industry accepted mortgages under specified conditions. Requires the Secretary to report annually to the Congress regarding mortgage insurance categories. Subtitle B: Savings for a Downpayment - Amends the Internal Revenue Code to: (1) authorize certain retirement plans (401(k) plans) to make equity investments in a participant's principal residence; and (2) authorize individual retirement account funds to be used as loans to purchase a home by a first-time homebuyer. Title III: Investment in Affordable Housing - HOME Corporation Act - Establishes the Government National HOME Corporation in the Department of Housing and Urban Development (HUD). Authorizes FY 1990 and 1991 appropriations for activities under this title. Subtitle A: Housing Opportunity Partnerships (HOP) - Authorizes the Secretary, acting through the HOME Corporation, to make funds available for investment in order to expand the affordable housing supply. Directs the HOME Corporation to develop model programs designed to carry out the purposes of this title. Requires participating jurisdictions to target housing for very low- and low-income families. Sets forth affordable housing qualification provisions. Allocates resources by a housing need-based formula and by incentives. Directs the HOME Corporation to establish a housing investment trust fund for each participating jurisdiction. Requires participant matching funds. Sets aside funds for nonprofit community organization housing. Provides penalties for misuse of funds. Subtitle B: Mortgage Credit Enhancement - Authorizes the HOME Corporation to guarantee affordable housing mortgage loan pools. Subtitle C: Other Support for State and Local Housing Strategies - Directs the HOME Corporation to develop the capacity of State and local agencies and profit and nonprofit entities to identify and meet the needs for increased affordable housing, including related housing research. Subtitle D: General Authority of the HOME Corporation - Sets forth operating and authority provisions for the HOME Corporation. Subtitle E: General Provisions - Sets forth administrative provisions for the HOME Corporation. Title IV: Affordable Rental Housing - Subtitle A: Preservation of Affordable Rental Housing - Amends the Department of Housing and Urban Development Act to establish in HUD an Office of Affordable Housing Preservation. Subtitle B: Low-Income Rental Assistance - Amends the United States Housing Act of 1937 to revise the section 8 rental assistance program. Increases FY 1990 and 1991 budget authority for such assistance. Title V: Housing For Persons With Special Needs - Subtitle A: Assistant Secretary for Supportive Housing - Amends the Department of Housing and Urban Development Act to establish in HUD a position of Assistant Secretary for Supportive Housing to administer programs serving elderly, handicapped, or homeless persons, or others with special housing needs. Subtitle B: Supportive Housing for the Elderly - Amends the Housing Act of 1959 to authorize assistance to expand the supply of supportive housing for the elderly. Authorizes FY 1990 and 1991 appropriations. Authorizes assistance to adapt federally assisted housing for the elderly to better meet the needs of frail elderly, handicapped, or temporarily disabled residents. Authorizes FY 1990 and 1991 appropriations. Subtitle C: Supportive Housing for the Handicapped - Authorizes assistance to expand the supply of supportive housing for the handicapped. Authorizes FY 1990 and 1991 appropriations. Subtitle D: Supportive Housing for the Homeless - Amends the Stewart B. McKinney Homeless Assistance Act to authorize grants to States and local government units for homeless housing assistance. Sets forth grant allocation provisions. Permits States and local units to use such assistance for approved activities. Requires grantees to provide matching funds. Authorizes FY 1991 and 1992 appropriations. Requires an annual report to the Congress. Sets forth the following approved activities: (1) emergency shelter; (2) transitional housing for the homeless; (3) permanent housing for the handicapped homeless; and (4) supplemental assistance for facilities to assist the homeless. Increases FY 1990 and 1991 budget authority for the section 8 single room occupancy program. Title VI: Public and Indian Housing - Subtitle A: Public Housing Development - Amends the United States Housing Act of 1937 to authorize the development of new and replacement public housing. Subtitle B: Authorization - Amends the United States Housing Act of 1937 to authorize FY 1990 and 1991 public housing appropriations. Increases FY 1990 and 1991 budget authority for rental rehabilitation and development grants. Obligates FY 1990 and 1991 funds for: (1) Indian housing; and (2) the comprehensive improvement assistance program. Subtitle C: Project Independence - Amends the United States Housing Act of 1937 to provide public housing residents with greater access to employment, day care, educational, and other services. Obligates FY 1990 and 1991 funds for such purposes. Subtitle D: National Commission on Severely Distressed Public Housing - Establishes the National Commission on Severely Distressed Public Housing to identify severely distressed public housing projects, evaluate strategies to eliminate unfit housing conditions, and develop a national plan to achieve such objectives. Authorizes FY 1990 and 1991 appropriations. Title VII: Rural Housing - Amends the Housing Act of 1949 to reauthorize through FY 1991: (1) rural housing insured or guaranteed loans; (2) rental assistance payment contract authority; (3) rental housing loan authority; and (4) mutual and self-help housing grant and loan authority. Authorizes deferred mortgage repayments under specified conditions. Sets aside FY 1990 and 1991 funds for targeted underserved areas. Title VIII: Amendment to the Internal Revenue Code - Amends the Internal Revenue Code to make permanent the low-income housing credit ceiling. Title IX: Repeals and Conforming Amendments - Sets forth specified conforming and other related amendments.

Cranston-Gonzalez National Affordable Housing Act

United States · United States Congress · 15 March 1989

National Affordable Housing Act - Title I: General Provisions and Policies - Sets forth a national housing goal and the objectives of a national housing policy. Requires State and local entities receiving direct assistance to submit to the Secretary of Housing and Urban Development a comprehensive housing affordability strategy. Title II: Homeownership - Amends the National Housing Act to base Federal Housing Administration (FHA) first-time homebuyer loan ceilings on regional median home prices. Authorizes the insurance of industry accepted mortgages under specified conditions. Requires the Secretary to report annually to the Congress regarding mortgage insurance categories. Title III: Investment in Affordable Housing - HOME Corporation Act - Establishes the Government National HOME Corporation in the Department of Housing and Urban Development (HUD). Authorizes FY 1990 and 1991 appropriations for activities under this title. Subtitle A: Housing Opportunity Partnerships (HOP) - Authorizes the Secretary, acting through the HOME Corporation, to make funds available for investment in order to expand the affordable housing supply. Directs the HOME Corporation to develop model programs designed to carry out the purposes of this title. Requires participating jurisdictions to target housing for very low- and low-income families. Sets forth affordable housing qualification provisions. Allocates resources by a housing need-based formula and by incentives. Directs the HOME Corporation to establish a housing investment trust fund for each participating jurisdiction. Requires participant matching funds. Sets aside funds for nonprofit community organization housing. Provides penalties for misuse of funds. Subtitle B: Mortgage Credit Enhancement - Authorizes the HOME Corporation to guarantee affordable housing mortgage loan pools. Subtitle C: Other Support for State and Local Housing Strategies - Directs the HOME Corporation to develop the capacity of State and local agencies and profit and nonprofit entities to identify and meet the needs for increased affordable housing, including related housing research. Subtitle D: General Authority of the HOME Corporation - Sets forth operating and authority provisions for the HOME Corporation. Subtitle E: Sets forth administrative provisions for the HOME Corporation. Title IV: Affordable Rental Housing - Subtitle A: Preservation of Affordable Rental Housing - Amends the Department of Housing and Urban Development Act to establish in HUD an Office of Affordable Housing Preservation. Subtitle B: Low-Income Rental Assistance - Amends the United States Housing Act of 1937 to revise the section 8 rental assistance program. Increases FY 1990 and 1991 budget authority for such assistance. Title V: Housing For Persons With Special Needs - Subtitle A: Assistant Secretary for Supportive Housing - Amends the Department of Housing and Urban Development Act to establish in HUD a position of Assistant Secretary for Supportive Housing to administer programs serving elderly, handicapped, or homeless persons, or others with special housing needs. Subtitle B: Supportive Housing for the Elderly - Amends the Housing Act of 1959 to authorize assistance to expand the supply of supportive housing for the elderly. Authorizes FY 1990 and 1991 appropriations. Authorizes assistance to adopt federally assisted housing for the elderly to better meet the needs of frail elderly, handicapped, or temporarily disabled residents. Authorizes FY 1990 and 1991 appropriations. Subtitle C: Supportive Housing for the Handicapped - Authorizes assistance to expand the supply of supportive housing for the handicapped. Authorizes FY 1990 and 1991 appropriations. Subtitle D: Supportive Housing for the Homeless - Amends the Stewart B. McKinney Homeless Assistance Act to authorize grants to States and local government units for homeless housing assistance. Sets forth grant allocation provisions. Permits States and local units to use such assistance for approved activities. Requires grantees to provide matching funds. Authorizes FY 1991 and 1992 appropriations. Requires an annual report to the Congress. Sets forth the following approved activities: (1) emergency shelter; (2) transitional housing for the homeless; (3) permanent housing for the handicapped homeless; and (4) supplemental assistance for facilities to assist the homeless. Increases FY 1990 and 1991 budget authority for the section 8 single room occupancy program. Title VI: Public and Indian Housing - Subtitle A: Public Housing Development - Amends the United States Housing Act of 1937 to authorize the development of new and replacement public housing. Subtitle B: Authorization - Amends the United States Housing Act of 1937 to authorize FY 1990 and 1991 public housing appropriations. Increases FY 1990 and 1991 budget authority for rental rehabilitation and development grants. Obligates FY 1990 and 1991 funds for: (1) Indian housing; and (2) the comprehensive improvement assistance program. Subtitle C: Project Independence - Amends the United States Housing Act of 1937 to provide public housing residents with greater access to employment, day care, educational, and other services. Obligates FY 1990 and 1991 funds for such purposes. Subtitle D: National Commission on Severely Distressed Public Housing - Establishes the National Commission on Severely Distressed Public Housing to identify severely distressed public housing projects, evaluate strategies to eliminate unfit housing conditions, and develop a national plan to achieve such objectives. Authorizes FY 1990 and 1991 appropriations. Title VII: Rural Housing - Amends the Housing Act of 1949 to reauthorize through FY 1991: (1) rural housing insured or guaranteed loans; (2) rental assistance payment contract authority; (3) rental housing loan authority; and (4) mutual and self-help housing grant and loan authority. Authorizes deferred mortgage repayments under specified conditions. Sets aside FY 1990 and 1991 funds for targeted underserved areas. Title VIII: Repeals and Conforming Amendments - Sets forth specified conforming and other related amendments.

National Affordable Housing Act

United States · United States Congress · 15 March 1989

National Affordable Housing Act - Title I: General Provisions and Policies - Sets forth a national housing goal and the objectives of a national housing policy. Requires State and local entities receiving direct assistance to submit to the Secretary of Housing and Urban Development a comprehensive housing affordability strategy. Title II: Homeownership - Subtitle A: FHA Amendments - Amends the National Housing Act to base Federal Housing Administration (FHA) first-time homebuyer loan ceilings on regional median home prices. Authorizes the insurance of industry accepted mortgages under specified conditions. Requires the Secretary to report annually to the Congress regarding mortgage insurance categories. Subtitle B: Savings for a Downpayment - Amends the Internal Revenue Code to: (1) authorize certain retirement plans (401(k) plans) to make equity investments in a participant's principal residence; and (2) authorize individual retirement account funds to be used as loans to purchase a home by a first-time homebuyer. Title III: Investment in Affordable Housing - HOME Corporation Act - Establishes the Government National HOME Corporation in the Department of Housing and Urban Development (HUD). Authorizes FY 1990 and 1991 appropriations for activities under this title. Subtitle A: Housing Opportunity Partnerships (HOP) - Authorizes the Secretary, acting through the HOME Corporation, to make funds available for investment in order to expand the affordable housing supply. Directs the HOME Corporation to develop model programs designed to carry out the purposes of this title. Requires participating jurisdictions to target housing for very low- and low-income families. Sets forth affordable housing qualification provisions. Allocates resources by a housing need-based formula and by incentives. Directs the HOME Corporation to establish a housing investment trust fund for each participating jurisdiction. Requires participant matching funds. Sets aside funds for nonprofit community organization housing. Provides penalties for misuse of funds. Subtitle B: Mortgage Credit Enhancement - Authorizes the HOME Corporation to guarantee affordable housing mortgage loan pools. Subtitle C: Other Support for State and Local Housing Strategies - Directs the HOME Corporation to develop the capacity of State and local agencies and profit and nonprofit entities to identify and meet the needs for increased affordable housing, including related housing research. Subtitle D: General Authority of the HOME Corporation - Sets forth operating and authority provisions for the HOME Corporation. Subtitle E: General Provisions - Sets forth administrative provisions for the HOME Corporation. Title IV: Affordable Rental Housing - Subtitle A: Preservation of Affordable Rental Housing - Amends the Department of Housing and Urban Development Act to establish in HUD an Office of Affordable Housing Preservation. Subtitle B: Low-Income Rental Assistance - Amends the United States Housing Act of 1937 to revise the section 8 rental assistance program. Increases FY 1990 and 1991 budget authority for such assistance. Title V: Housing For Persons With Special Needs - Subtitle A: Assistant Secretary for Supportive Housing - Amends the Department of Housing and Urban Development Act to establish in HUD a position of Assistant Secretary for Supportive Housing to administer programs serving elderly, handicapped, or homeless persons, or others with special housing needs. Subtitle B: Supportive Housing for the Elderly - Amends the Housing Act of 1959 to authorize assistance to expand the supply of supportive housing for the elderly. Authorizes FY 1990 and 1991 appropriations. Authorizes assistance to adapt federally assisted housing for the elderly to better meet the needs of frail elderly, handicapped, or temporarily disabled residents. Authorizes FY 1990 and 1991 appropriations. Subtitle C: Supportive Housing for the Handicapped - Authorizes assistance to expand the supply of supportive housing for the handicapped. Authorizes FY 1990 and 1991 appropriations. Subtitle D: Supportive Housing for the Homeless - Amends the Stewart B. McKinney Homeless Assistance Act to authorize grants to States and local government units for homeless housing assistance. Sets forth grant allocation provisions. Permits States and local units to use such assistance for approved activities. Requires grantees to provide matching funds. Authorizes FY 1991 and 1992 appropriations. Requires an annual report to the Congress. Sets forth the following approved activities: (1) emergency shelter; (2) transitional housing for the homeless; (3) permanent housing for the handicapped homeless; and (4) supplemental assistance for facilities to assist the homeless. Increases FY 1990 and 1991 budget authority for the section 8 single room occupancy program. Title VI: Public and Indian Housing - Subtitle A: Public Housing Development - Amends the United States Housing Act of 1937 to authorize the development of new and replacement public housing. Subtitle B: Authorization - Amends the United States Housing Act of 1937 to authorize FY 1990 and 1991 public housing appropriations. Increases FY 1990 and 1991 budget authority for rental rehabilitation and development grants. Obligates FY 1990 and 1991 funds for: (1) Indian housing; and (2) the comprehensive improvement assistance program. Subtitle C: Project Independence - Amends the United States Housing Act of 1937 to provide public housing residents with greater access to employment, day care, educational, and other services. Obligates FY 1990 and 1991 funds for such purposes. Subtitle D: National Commission on Severely Distressed Public Housing - Establishes the National Commission on Severely Distressed Public Housing to identify severely distressed public housing projects, evaluate strategies to eliminate unfit housing conditions, and develop a national plan to achieve such objectives. Authorizes FY 1990 and 1991 appropriations. Title VII: Rural Housing - Amends the Housing Act of 1949 to reauthorize through FY 1991: (1) rural housing insured or guaranteed loans; (2) rental assistance payment contract authority; (3) rental housing loan authority; and (4) mutual and self-help housing grant and loan authority. Authorizes deferred mortgage repayments under specified conditions. Sets aside FY 1990 and 1991 funds for targeted underserved areas. Title VIII: Amendment to the Internal Revenue Code - Amends the Internal Revenue Code to make permanent the low-income housing credit ceiling. Title IX: Repeals and Conforming Amendments - Sets forth specified conforming and other related amendments.

Veterans' Home Loan Mortgage Indemnity Act of 1989

United States · United States Congress · 15 March 1989

Veterans' Home Loan Mortgage Indemnity Act of 1989 - Establishes a Veterans' Mortgage Indemnity Fund. Provides that the Indemnity Fund shall be available to the Secretary of Veterans Affairs for all operations with respect to guaranteed or insured Department of Veterans Affairs housing loans for which fees are collected, other than loans for property which has been disposed of by veterans to purchasers who will assume liability for such loan. Provides that the following sums shall be credited to the Indemnity Fund: (1) all fees collected from such housing loans, other than loans for property which has been disposed of by the veteran to a purchaser who will assume liability for such loan; (2) .25 percent of the original amount of all loans for which a fee is collected for the first three fiscal years beginning with the fiscal year in which such fee is collected; (3) all collections of principal and interest and the proceeds from property held or disposed of with respect to such loans; and (4) all income from investments of the Indemnity Fund that are required to be made by the Secretary of the Treasury in obligations of the United States. Increases the fee for a Department housing loan to 1.25 percent of the total loan amount. Provides that the following fees shall be collected: (1) one percent of the total loan amount with respect to housing loans obtained which are in default; and (2) .75 percent of the total loan amount with respect to loans for purchase or construction for which a down payment of at least five percent of the total purchase price or construction costs has been made. Provides for the waiver of such fees for veterans who are receiving compensation and whose disability is rated at least 30 percent. Provides that the provision prohibiting fee collection with respect to all loans closed after September 30, 1989, shall apply after such date only to loans which are in default or loans for property which has been disposed of to another purchaser. Provides that any veteran who pays a fee for such loans, other than loans which are in default or loans for property which has been disposed of, or who is exempt from paying such fee, shall have no liability to the Secretary with respect to such loan for any loss resulting from a default of the veteran. Revises provisions regarding the Loan Guaranty Revolving Fund to: (1) provide that it shall be available to the Secretary for all housing operations except those carried out by the Indemnity Fund; (2) limit the deposit of housing loan fees in such Fund, other than fees for loans for property which has been disposed of, to fees collected before the effective date of this Act; and (3) limit the deposit of principal and interest and the proceeds from property held or disposed of with respect to housing loans to loans guaranteed before the effective date of this Act. Revises a provision authorizing the Secretary to sell notes evidencing loans which are in default to permit such sale only if the amount received at the time of the sale is at least 90 percent of the unpaid balance of such loan. Revises a provision regarding basic entitlement to housing loans to authorize the Secretary, in computing the amount of guaranty entitlement available to a veteran, to exclude the amount of entitlement used for any loan which has been repaid in full. Allows only the presence of fraud (currently, fraud, misrepresentation, material fault, or lack of good faith) as a bar to the waiver of recovery of payments, overpayments, or benefits made by the Department when the Secretary determines that recovery would be against equity and good conscience. Prohibits the Secretary, in waiving indebtedness following the default of a veteran on a housing loan, to base such waiver on the balancing of fault or on whether such veteran may be able to repay the indebtedness.

Drug Abuse Treatment Technical Corrections Act of 1989

United States · United States Congress · 15 March 1989

Drug Abuse Treatment Technical Corrections Act of 1989 - Amends the Public Health Service Act to revise the formula for allotments to States and territories for alcohol and drug abuse and mental health services block grants. Authorizes the Secretary of Health and Human Services, notwithstanding specified provisions of the Public Health Service Act, with respect to FY 1989, to waive a requirement that certain amounts paid to a State for such block grants, obligated by the State, and remaining unexpended at the end of the fiscal year, remain available during the succeeding fiscal year. Authorizes the Secretary to waive the requirement in specified provisions regarding minimum expenditures by States for alcohol and drug abuse activities if the Secretary determines that the incidence of intravenous drug abuse in the State does not require the level of funding required in such provisions. Amends provisions requiring a set-aside of a portion of the block grant funds for programs and services for women to require that the focus be on alcohol and drug abuse. Declares that provisions requiring States to use a portion of the block grants for group homes for recovering substance abusers do not apply to any U.S. territory other than the Commonwealth of Puerto Rico. Prohibits an allotment of block grant funds from being made to a State unless its legislature holds public hearings on the proposed use and distribution of funds. (Current law requires such hearings after the first fiscal year in which a State receives an allotment under provisions relating to set-aside for an Indian tribe or tribal organization.) Amends the Public Health Service Act to authorize the Administrator of the Alcohol, Drug Abuse, and Mental Health Administration to establish program advisory committees and to pay members of the committees. Amends the Public Health Service Act to require the National Deafness and Other Communication Disorders Advisory Board to be established not later than April 1, 1989. Allows exclusion, in computing the maximum number of commissioned officers of the Public Health Service authorized by law to hold a grade corresponding to brigadier or major general, for officers assigned to duty with the Department of Defense. (Current law allows exclusion for such officers only if assigned to duty with the office of the Assistant Secretary of Defense for Health Affairs.) Amends specified provisions of the Stewart B. McKinney Homeless Assistance Act (McKinney Act) and the Public Health Service Act to read as if the amendments made by title VI (Revision and Extension of Programs of Health Care for the Homeless) of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988 had not been enacted. Amends the McKinney Act so as to authorize appropriations for a National Mental Health Education Program rather than for community mental health services demonstration projects. Amends the Public Health Service Act to allow recipients of grants for health service delivery to homeless individuals to provide dental, vision, and podiatry services as well as mental health and other services.

To amend section 118 of the Internal Revenue Code of 1986 to provide exceptions from the rules for determining contributions in aid of construction and from the passive loss rules and to retroactively exempt home construction contracts from the special rules for long-term contracts.

United States · United States Congress · 15 March 1989

Amends the Internal Revenue Code with respect to the corporate income tax exclusion of contributions to the capital of the taxpayer. Includes as a qualifying contribution any amount of money or property received by a regulated public utility (a utility required to provide electric energy, gas, water, or sewage disposal services) that: (1) is a contribution in aid of construction (as defined by regulations to be promulgated by the Secretary of the Treasury); (2) meets certain expenditure requirements; and (3) is not included in the taxpayer's rate base. Excludes amounts paid as customer connection fees. Adds conditions under which a taxpayer will be treated as a material participant in a business or trade for purposes of passive loss rules affecting income tax liability. Amends accounting provisions to: (1) permit an exception from required application of the percentage completion method in the case of certain construction contracts for condominiums or cooperatives; and (2) apply the exemption of residential construction contracts from long-term contract accounting rules retroactively with respect to contracts entered into after February 28, 1986.

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

United States · United States Congress · 6 March 1989

Financial Institutions Reform, Recovery and Enforcement Act of 1989 - Title I: Purpose - Specifies the purposes of this Act, including regulatory reform, the establishment of an independent insurance agency to provide deposit insurance, and the provision of improved supervision and enhanced enforcement powers. Title II: Federal Deposit Insurance Corporation Authorities and Responsibilities - Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to insure deposits held at savings associations as well as commercial banks. Increases the membership of the FDIC's Board of Directors from three to five members. Specifies that the additional two members shall be the Chairman of the Federal Home Loan Bank System and a citizen appointed by the President, by and with the advice and consent of the Senate. Revises certain definitions for the purposes of the Federal Deposit Insurance Act. Specifies that the term "insured deposit" shall include any liability which constituted an "insured account" within the meaning of the National Housing Act prior to the enactment of this Act, provided certain conditions are met. Specifies that the Federal Home Loan Bank System (FHLBS) shall be considered the appropriate Federal banking agency in the case of a savings association or a savings and loan holding company. Includes within the definition of "savings association" any institution that was supervised by the Federal Savings and Loan Insurance Corporation (FSLIC) prior to the enactment of this Act, a Federal savings and loan association or Federal savings bank, or a building and loan, savings and loan, homestead association, or a cooperative bank organized and operated under State law, or a corporation that the FDIC considers to be operating substantially in the same manner as a savings and loan association. Provides that every FSLIC insured savings association shall continue to be insured by the FDIC without application or approval. Provides that whenever a financial institution files an application or notice for membership with, or to commence or resume business with, the appropriate Federal banking agency, such agency must provide such application to the FDIC for comment. Requires such agency to take the FDIC's comment into account in deciding whether to grant the application. Provides that certain State financial institutions shall continue as insured institutions. Allows any Federal savings association authorized to do business by the FHLBS to become an insured financial institution upon the filing of an application with the FDIC together with a certificate issued by the FHLBS, unless insurance is denied by the FDIC. Sets forth procedures for the FDIC to evaluate such an application. Specifies the factors to be considered in granting or denying insurance coverage. Requires the FDIC to notify the FHLBS if such insurance coverage is denied, and to give specific reasons in writing for such denial. Requires every noninsured financial institution which becomes insured by the FDIC to pay any entrance fee prescribed by FDIC regulations. Requires that such fee be credited to either the Bank Insurance Fund (BIF) or the Savings Associations Insurance Fund (SAIF) depending on which fund the institution joins. Prohibits any insured financial institution from participating in any type of conversion transaction which would result in a change of membership from one such fund to the other without the approval of the FDIC. Places a five-year moratorium on the approval of such conversion transactions, except in limited circumstances. Requires financial institutions which participate in such conversion transactions to pay specified entrance and exit fees. Provides that whenever the FDIC incurs a loss in connection with the default of an insured financial institution, or in connection with providing assistance to an insured financial institution in danger of default, any other commonly-controlled insured financial institution shall be liable to the FDIC and on request shall reimburse the FDIC for any such loss. Specifies the method of calculating such liability. Sets forth procedures for imposing and collecting such liability. Limits the rights of any third parties in such proceedings. Provides that for a five-year period no BIF members shall be held liable for the default of a SAIF member and no SAIF members shall be held liable for the default of a BIF member. Defines "commonly-controlled" for purposes of determining such liability. Adds as a factor to be considered by the FDIC in evaluating applications for insurance coverage the risk presented to the Deposit Insurance Fund (DIF), the BIF, and the SAIF. Allows the FDIC, after reaching agreement with the other Federal banking agencies, to require insured financial institutions to file additional reports for insurance purposes. Requires the FDIC to set the assessment rate for insured financial institutions annually. Specifies that the annual assessment rate for BIF members shall be determined independently from the annual assessment rate for SAIF members. Prescribes the assessment rates for BIF members for 1989, 1990, and 1991 onward. Prescribes the assessment rates for SAIF members through 1990, for 1991 through 1993, and for 1994 onward. Allows the FDIC to raise or lower such assessment rates under specified circumstances. Limits any increase in the assessment rate to 50 percent over the annual assessment rate of the prior year. Specifies that such assessments shall be paid semiannually. Allows assessment credits to BIF members and SAIF members for years in which the ratio of the net worth of such funds to the value of insured deposits reaches a certain level. Specifies that such a credit shall be applied to the assessment becoming due for the next semiannual assessment period. Extends the provisions of the Change in Bank Control Act to savings associations as well as banks. Includes as an additional corporate power of the FDIC the authority to define any terms used in the Federal Deposit Insurance Act that are not specifically defined and to interpret the definitions of any terms that are not defined. Grants the FDIC the same authority to examine insured savings associations and to insure the deposits held at savings associations as it presently has with respect to insured banks. Establishes two insurance funds (the Bank Insurance Fund (BIF) and the Savings Associations Insurance Fund (SAIF)) to be used by the FDIC to carry out the insurance purposes of this Act. Specifies that such funds are both to be operated and administered by the FDIC. Requires such funds to be separately maintained and not commingled. Specifies that the BIF shall consist of the assets of the Permanent Insurance Fund and all amounts assessed of BIF members. Specifies that the SAIF shall consists of all amounts assessed of SAIF members (which are not required for the Financing Corporation or the Resolution Funding Corporation pursuant to this Act) and of funds provided by the Secretary of the Treasury according to a specific schedule for FY 1991 through 1999. Authorizes the Secretary to provide additional amounts for such fund if the minimum net worth of the fund falls below a certain level. Authorizes appropriations for such funds. Authorizes the FDIC to borrow funds for the use of the SAIF. Provides that such borrowings shall be a direct liability of the SAIF and shall be subject to certain limitations. Revises and defines the authorities and duties of the FDIC as the receiver or conservator for insured Federal financial institutions and for insured State financial institutions. Specifies that all insurance payments made on account of a closed bank or insured branch of a foreign bank shall be made only from the Bank Insurance Fund and all payments made on account of a closed savings association shall be made only from the Savings Association Insurance Fund. Provides that when the FDIC pays insurance to a depositor, the FDIC shall be subrogated to the depositor's claim against the financial institution. (Such right of subrogation now applies only to national banks.) Revises and defines the authorities and duties of the FDIC in the establishment of bridge banks in cases of failed or failing financial institutions. Authorizes the FDIC to use such bridge banks in the case of failed or failing financial institutions as well as banks. Increases from one to three the number of times a bridge bank may be granted a one-year extension of its corporate existence. Revises procedures for the termination and dissolution of bridge banks. Sets forth the method and procedures for the valuation and determination of claims by third persons against financial institutions in default. Establishes the FSLIC Resolution Fund (Fund). Specifies that such Fund shall be managed by the FDIC and shall be separately maintained and not commingled. Transfers to such Fund the reserves and assets, debts, obligations, contracts, and other liabilities of the FSLIC existing on the date of the dissolution of the FSLIC. Provides that such Fund shall be funded by: (1) income generated on the assets transferred to it; (2) proceeds of the resolution of insolvent thrift institutions which became insolvent prior to December 31, 1988 (to the extent such funds are not required by the Resolution Funding Corporation); (3) the proceeds from borrowings by the Financing Corporation; and (4) assessments on SAIF members levied prior to December 31, 1991, and not required by the Financing Corporation or the Resolution Trust Corporation. Provides for additional funding by the Secretary of the Treasury from appropriated funds in the event such other funds are insufficient. Limits any judgment resulting from a civil action against the FSLIC or the FDIC to the assets of such Fund. Dissolves such Fund upon the satisfaction of all debts and liabilities and the sale of all assets acquired in case resolutions. Requires that any funds remaining in such Fund be covered into the Treasury. Requires that any funds held in either the BIF or the SAIF must be invested in U.S. Government obligations or in obligations guaranteed by the U.S. Government. Requires that the funds from the BIF and the SAIF be invested separately and not commingled. Allows the FDIC to request a 90-day stay of any legal proceedings to which it becomes a party due to its acquisition of any asset or in the exercise of certain authorities. Requires the FDIC, in determining whether to provide assistance to financial institutions, to consider: (1) the immediate and long-term obligations of the FDIC with respect to such assistance; and (2) the Federal tax revenues which would be foregone. Provides that transfers of assets or liabilities associated with any trust business may be effected by the FDIC in connection with any asset purchase transaction without any further State or Federal approval. Revises provisions relating to certain agreements against the interests of the FDIC. Specifies that the Board of Directors of the FDIC may act by a 75 percent vote (current law requires a unanimous vote) in order to override a State's objection to an assisted interstate acquisition of an insured financial institution in default having $500,000,000 or more in assets. Revises certain rules relating to the interstate acquisitions of banks. Establishes separate rules relating to the interstate acquisitions of savings associations. Increases the borrowing authority of the FDIC from $3,000,000,000 to $5,000,000,000. Makes such borrowing authority subject to the approval of the Secretary of the Treasury. Limits any State or local tax penalties to which the FDIC may be subjected when acting as a receiver or conservator of a financial institution. Limits the borrowing of both the BIF and the SAIF to 50 percent of net worth or $10,000,000,000, whichever is less. Requires the FDIC to report to the Congress annually regarding its operations, activities, budget, receipts, and expenditures. (Current law requires an annual report regarding only the FDIC's operations.) Requires the FDIC to make quarterly reports to the Secretary of the Treasury and to the Office of Management and Budget with respect to the FDIC's financial operating plans and forecasts. Requires signs displayed by insured financial institutions to represent whether an institution is a BIF member or a SAIF member. Makes all insured financial institutions subject to the Bank Merger Act. Makes the FHLBS the responsible agency with respect to mergers where the acquiring, assuming, or resulting institution is to be a savings association. Provides that all insured State financial institutions, other than State member banks or district banks, would be subject to the requirement of prior FDIC consent to the reduction of capital. Requires any insured savings association which establishes or controls a new company or elects to conduct any new activity to notify the FDIC and the FHLBS. Requires such a savings association to deduct its investments in, and loans to, such company from its own capital for purposes of determining capital adequacy if the company is engaged in activities not permissible for a national bank. Grants the FDIC and the FHLBS certain enforcement powers with respect to any company controlled by an insured savings association. Authorizes the FDIC to determine activities which are incompatible with deposit insurance. Revises the statement of the policy of nondiscrimination against State nonmember banks under the Federal Deposit Insurance Act to include State savings associations. Eliminates the requirement of nondiscrimination on account of an institution having capital stock of less than the amount required for Federal Reserve membership. Title III: Savings Association Supervision Improvements - Amends the Home Owners' Loan Act of 1933 to specify the duties and responsibilities of the FHLBS with respect to the examination, supervision, and regulation of savings associations. States that such authorities are intended to encourage savings associations to maintain their role of providing credit for housing in a manner consistent with principles of safe and sound operation. Requires the FHLBS to prescribe accounting and disclosure standards for all savings associations. Provides that such standards shall incorporate generally accepted accounting principles to the same degree such principles are used to determine compliance with the rules and regulations of other Federal banking agencies. Requires that the rules, regulations, and policies of the FHLBS governing the operation of savings associations shall be no less stringent than those of the Comptroller of the Currency. Transfers specified provisions of the National Housing Act to the Home Owners Loan Act of 1933. Makes certain conforming name changes and certain technical amendments. Requires the FDIC to be appointed the receiver of insured State savings associations under certain circumstances. Requires insured State savings associations, as well as Federal savings associations, to abide by the rules of the FHLBS when converting from mutual to stock form or from stock to mutual form. Requires the FHLBS to establish for all savings associations capital standards that are no less stringent than those applied to national banks. Allows such capital standards to include goodwill as a component of capital. Specifies that in determining capital adequacy, any investments in, and loans to, a subsidiary engaged solely in mortgage banking activities shall not be deducted from the capital of savings associations. Requires that such capital standards must be fully implemented no later than June 1, 1991. Repeals specified provisions of the Home Owners' Loan Act of 1933 and the National Housing Act which provide capital forbearance to certain insured savings associations. Allows those savings associations operating under a capital forbearance plan previously approved pursuant to such provisions to continue to operate under such plans, provided such associations continue to adhere to such plans and continue to submit required reports. Provides that the expense of the examination of savings associations or their affiliates shall be assessed by the FHLBS upon savings associations in proportion to their assets or resources. Specifies procedures for making such assessments and remedies in cases where an affiliate refuses to pay examination costs, permit examination, or provide required information. Transfers provisions of the National Housing Act concerning the regulation of savings and loan holding companies to the Home Owners' Loan Act of 1933. Makes certain technical amendments to such provisions. Imposes certain sanctions upon savings associations that fail to achieve or maintain qualified thrift lender status. Requires such a savings association to convert its charter to a bank charter within three years unless it requalifies within one year. Prohibits such a savings association from engaging in certain activities until such conversion is complete. Treats a holding company which controls such a savings association as a bank holding company for all purposes of the Bank Holding Company Act of 1956. Charges an insurance fund exit fee upon such a conversion. Makes applicable to savings associations certain provisions of the Federal Reserve Act relating to transactions with affiliates and loans and extensions of credit to directors and controlling persons. Prohibits any savings association from carrying on any sale, plan, or practices or any advertising in violation of regulations promulgated by the FHLBS. Title IV: Dissolution and Transfer of Functions, Personnel, and Property of Federal Savings and Loan Insurance Corporation - Terminates the Federal Savings and Loan Insurance Corporation (FSLIC) 60 days after the enactment of this Act. Provides that all insurance and receivership functions previously performed by the FSLIC shall be performed by either the FDIC or the Resolution Trust Corporation. Provides for the continuation and enforcement of all rules, regulations, and orders of the FSLIC. Provides for the transfer of the personnel and property of the FSLIC to the FDIC and FHLBS. Requires the FSLIC to submit a written report of a final accounting of its finances and operations to the Secretary of the Treasury, the Office of Management and Budget, and the Congress immediately prior to its dissolution. Title V: Financing For Thrift Resolutions - Subtitle A: Resolution Trust Corporation - Establishes the Resolution Trust Corporation (RTC). Specifies the purposes of the RTC as: (1) carrying out a program to manage and resolve cases involving institutions insured by the FSLIC for which a receiver or conservator has been appointed or is appointed within three years following the enactment of this Act; (2) managing the assets of the Federal Asset Disposition Association (FADA); and (3) performing other authorized functions. Provides that the RTC shall have the same case resolution and financial assistance rights and powers as the FDIC. Specifies that the RTC shall not have the authority to obligate the FDIC or its funds and shall be subject to the same limitations as the FDIC in connection with providing assistance to, or liquidating or otherwise resolving cases involving, insured institutions. Establishes the Oversight Board of the RTC which shall consist of the Secretary of the Treasury, the Chairman of the Federal Reserve Board, and the Attorney General. Authorizes the Oversight Board to select a chief executive officer for the RTC. Specifies the corporate powers of the RTC. Specifies special powers of the RTC with respect to receiverships, conservatorships, and oversight of the institutions for which it is responsible. Requires the RTC to convert the FADA to a corporation or other business entity and to sell, wind down, or dissolve such corporation or entity within 180 days after the enactment of this Act. Authorizes the RTC to issue capital certificates to the Resolution Funding Corporation. Sets forth requirements and limitations concerning such capital certificates. Exempts the RTC from Federal, State, municipal, and local taxation, except taxes on real estate held by the RTC. Authorizes the RTC to remove any legal proceeding to which it may be a party from a State court to the U.S. District Court for the District of Columbia. Provides that any guarantees issued by the FSLIC after January 1, 1989, and before the enactment of this Act shall be converted into obligations, entitlements, and instruments of the RTC. Authorizes the RTC to borrow funds from the Treasury, on terms fixed by the Secretary of the Treasury, up to an aggregate of $5,000,000,000 outstanding at any one time. Subtitle B: Resolution Funding Corporation - Establishes the Resolution Funding Corporation (RFC). Specifies the purpose of the RFC as providing the RTC with the funds necessary to carry out the purposes of this Act. Establishes a directorate to manage the RFC which shall consist of: (1) the director of the Office of Finance of Federal Home Loan Banks; and (2) two members selected from the presidents of the Federal Home Loan Banks. Sets forth administrative provisions concerning the management of the RFC. Sets forth the powers and duties of the RFC. Provides for the capitalization of the RFC by the purchase of capital stock by Federal Home Loan Banks. Specifies the amounts each Federal Home Loan Bank shall invest in the capitalization of the RFC. Provides for additional sources of funds for the RFC. Limits the amount of bonds or similar obligations which the RFC may issue to $50,000,000,000. Provides that the RFC shall pay any interest due on such obligations from proceeds received by the RTC from the liquidation of financial institutions under its management. Provides that the proceeds of obligations issued by the RFC shall be invested in capital certificates issued by the RTC. Grants tax-exempt status to any obligations of the RFC. Terminates the RFC after the date by which all capital certificates purchased by the RFC in the RTC have been retired. Title VI: Thrift Acquisition Enhancement Provisions - Amends the Bank Holding Company Act to allow bank holding companies to acquire any savings association with the approval of the Federal Reserve Board beginning two years after the enactment of this Act. Prohibits the Federal Reserve Board from imposing any restrictions on transactions between a savings association and its holding company affiliates other than those restrictions presently imposed under the Federal Reserve Act. Amends the National Housing Act to allow a savings and loan holding company to hold up to five percent of the voting shares of an unaffiliated savings association or savings and loan holding company. Permits multiple savings and loan holding companies to acquire up to five percent of the voting shares of any non-subsidiary company. Title VII: Federal Home Loan Bank Act System Reforms - Subtitle A: Federal Home Loan Bank Act Amendments - Amends the Federal Home Loan Bank Act to abolish the Federal Home Loan Bank Board (FHLBB) and transfer all power and authority vested in the FHLBB to the Chairman of the Federal Home Loan Bank System (FHLBS). Provides that the FHLBS shall be a bureau of the Department of the Treasury. Provides that the Chairman of the FHLBS shall be appointed by the President, by and with the advice and consent of the Senate. Specifies that the Chairman of the FHLBB shall become the Chairman of the FHLBS. Sets forth administrative provisions concerning employees of the FHLBS. Provides that the FHLBS shall have and may exercise all functions which the FHLBB and the FSLIC exercised and which are not expressly transferred or consolidated into the FDIC or the RTC. Sets forth the procedures and requirements for the election of the Board of Directors of the Federal Home Loan Banks. Authorizes Federal Home Loan Banks to make loans to the Federal Deposit Insurance Corporation, subject to the concurrence of the Chairman of the FHLBS, for the use of the SAIF. Requires the senior supervisory employee of each Federal Home Loan Bank to report to the chief supervisory official of the FHLBS. Provides that such senior supervisory employee may be removed for cause by the Chairman of the FHLBS. Changes the name of the Federal Savings and Loan Advisory Council to the Thrift Advisory Council. Abolishes the Federal Savings and Loan Insurance Corporation Industry Advisory Committee. Subtitle B: Conforming Amendments - Makes specified conforming amendments to the Federal Home Loan Mortgage Corporation Act, the Deficiency Appropriation Act of 1936, the Housing Act of 1948, and the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Title VIII: Bank Conservation Act Amendments - Amends the Bank Conservation Act to revise provisions concerning the appointment of the FDIC as the conservator of a bank. Specifies the conditions under which the FDIC may be appointed as a conservator. Allows an affected bank to seek judicial review of the appointment of a conservator, except in cases where the bank has consented to the appointment of a conservator or the bank's deposit insurance has been terminated. Specifies that the Comptroller of the Currency shall have the exclusive power and jurisdiction to appoint a conservator for the bank. Requires the Comptroller to consult with the FDIC when examining and supervising an ongoing bank for which the FDIC has been appointed conservator, as long as the bank continues operations as an ongoing national bank. Revises provisions concerning the termination of a bank conservatorship. Revises the powers and duties of a conservator. Revises provisions concerning the liability of a conservator for acts performed pursuant to the conservatorship. Specifies that a conservator may be held liable only for acts which are found to be grossly negligent. Allows the Comptroller to indemnify the conservator. Title IX: Regulatory Authority and Criminal Enhancements - Enforcement Powers Improvement Act of 1989 - Subtitle A: Regulation of Financial Institutions - Makes technical amendments to the Federal Deposit Insurance Act with respect to a Federal banking agency's authority to impose sanctions on an "institution-related party" who participates in the affairs of an insured financial institution (both banks and savings associations.) Reduces from 120 days to 60 days the prior notice the FDIC must give of its intention to terminate a financial institution's deposit insurance. Reduces the period during which deposit insurance is continued in such cases from two years to a period of six months to two years at the discretion of the FDIC. Allows the FDIC to temporarily suspend deposit insurance upon a finding that an insured financial institution has no tangible shareholders' equity that qualifies under the capital guidelines or regulations of the appropriate Federal banking agency. Allows the appropriate Federal banking agency to issue cease and desist orders to require affirmative action to correct conditions resulting from certain violations or practices, including making restitution or reimbursement, providing indemnification, rescinding contracts, disposing of loans, or assets, restricting growth of the institution, or providing guarantees against loss. Allows such an order to limit the activities or functions of the financial institution of any institution-related party. Specifies that the FHLBS may exercise cease and desist authority with respect to savings and loan holding companies, any subsidiary of a savings and loan holding company, any service corporation of a savings association, and any subsidiary of any such service corporation. Revises the temporary cease and desist authority of the Federal banking regulatory agencies to delete the requirement that the agency must show a "substantial" dissipation of assets or a "serious" weakening of the condition of the financial institution. Provides that such a temporary order may place limitations on the activities or functions of the financial institution or prohibitions or restrictions on the growth of the institution or any institution-related party. Allows the use of such temporary cease and desist authority when a financial institution's records are so incomplete or inaccurate that the appropriate banking agency cannot determine the financial condition of the institution. Provides that such an order may require the institution to take such action necessary to restore the records to a complete and accurate state. Revises rules concerning the suspension or removal of any financial institution-related party. Deletes the requirement that the regulatory agency must show activity which results in "substantial" financial loss or other damage to the financial institution. Specifies the types of activity to be considered, including activity at any business institution or another financial institution other than the institution in question. (Current law provides for different standards depending on whether the activity took place at another institution or at the particular institution from which removal is sought.) Allows the temporary removal of an institution-related party pending a permanent removal if necessary for the protection of the institution or depositors. Provides that any institution-related party suspended or removed by such an order shall also be suspended or removed or prohibited from participation in the conduct of the affairs of any: (1) insured financial institution; (2) bank holding company or subsidiary; (3) Edge Act corporation; (4) service corporation or subsidiary; (5) savings and loan holding company or subsidiary; (6) federally-insured credit union; and (7) institution chartered under the Farm Credit Act of 1971. Exempts such a person from such industry-wide prohibitions if the appropriate Federal regulatory agency gives prior written approval. Specifies that such authority to proceed against any institution-related party shall not be affected by the resignation, termination of employment, or other separation of such person from an insured financial institution. Increases from $1,000 per day to $25,000 per day the civil penalty for the violation of a cease and desist order or an order for the suspension or removal of an institution-related party. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Imposes a $25,000 per day civil penalty (up to $1,000,000 per day in cases of reckless disregard for the safety and soundness of the financial institution) for a violation of: (1) any law or regulation relating to financial institutions; (2) any written condition imposed by the appropriate Federal banking agency in connection with the grant of any application or other request; or (3) any fiduciary duty. Imposes such penalty for any practice which results in a loss to the financial institution or pecuniary gain to the institution-related party. Imposes criminal penalties upon any person who participates in the affairs of any federally regulated financial institution, holding company, or subsidiary after having been suspended, removed from office, or prohibited from participating in the affairs of a financial institution by an order of the appropriate Federal banking regulatory agency. (Current law imposes criminal penalties only for participation in the affairs of the institution from which the person was prohibited, removed, or suspended.) Authorizes the Federal banking agencies to pay rewards for information which leads to a recovery which exceeds $50,000 in criminal fines, restitution, civil penalties, or forfeitures. Limits such a reward to the lesser of 25 percent of the recovery or $100,000. Prohibits a federally-insured financial institution from discharging or discriminating against any employee who provides information to any regulatory authority or to the Department of Justice regarding a possible violation of any law or regulation by the financial institution or its officers, directors or employees. Establishes a civil cause of action for any employee or former employee who believes he has been discharged or discriminated against in violation of such prohibition. Authorizes the FDIC to recommend that the FHLBS take any enforcement actions authorized with respect to any savings association. Requires the FDIC to take such action if the FHLBS does not take such enforcement actions. Increases from $100 per day to a maximum of $1,000,000 per day the penalty for unauthorized participation in the affairs of a financial institution by any person who has been convicted of any criminal offense involving dishonesty or a breach of trust. Makes both the depository institution and the individual involved subject to such penalty. (Current law makes only the depository institution subject to such penalty.) Imposes criminal penalties for the knowing violation of such prohibition, in addition to such civil penalty. Increases from $1,000 per day to $25,000 per day the civil penalty for specified violations of the Federal Reserve Act. Allows a penalty of up to $1,000,000 per day for any such violations made with reckless disregard for the safety and soundness of the financial institution. Amends the Bank Holding Company Act to increase the criminal and civil penalties for violations of such Act. Specifies that both criminal and civil penalties shall be cumulative. Increases the civil penalties for violations of the prohibitions against tying arrangements between subsidiaries of a bank holding company from $1,000 per day to $25,000 per day. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Makes similar increases in the civil penalty for refusal to permit examination of a national bank or affiliate and in the general civil penalty authority of the Comptroller of the Currency. Amends the Change in Bank Control Act to increase the civil penalties for violations of such Act from $10,000 per day to $25,000 per day. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Deletes the requirement that such a violation must be "willful." Sets forth procedures for the assessment and collection of such penalties. Amends the Bank Protection Act of 1968 to repeal requirements for insured financial institutions to submit reports with respect to security devices and procedures. Increases to $25,000 per day the penalty for national banks, State nonmember banks, Federal Reserve member banks, and bank holding companies which violate reporting requirements. Allows a penalty of up to $1,000,000 per day for violations made with reckless disregard for the safety and soundness of the financial institution. Revises such requirements to prohibit submission of any false, misleading, or incomplete reports or information. (Current law provides penalties only for failure to make required reports.) Subtitle B: Regulation by the Federal Home Loan Bank System - Specifies that the FHLBS shall have examination and supervision authority with respect to Federal savings associations. Requires savings associations to make reports of condition to the FHLBS. Imposes civil penalties of $25,000 per day for failure to submit such reports and for submitting false, misleading, or incomplete reports or information. Allows a penalty of up to $1,000,000 per day for violations of such reporting requirements from reckless disregard for the safety and soundness of a savings association. Increases the civil and criminal penalties for violations of the Savings and Loan Holding Company Act to conform with the penalties for Bank Holding Company Act violations. Provides that all ongoing litigation in which the FHLBB or the FSLIC are parties shall be pursued by either the FHLBS or the FDIC. Authorizes the FHLBS to continue certain pending enforcement actions initiated by the FHLBB or the FSLIC prior to the effective date of this Act. Subtitle C: Credit Unions - Amends the Federal Credit Union Act to revise the enforcement authority of the National Credit Union Administration (NCUA) to conform to the enforcement authorities of the other Federal banking regulatory agencies. Increases the penalties for violations of such Act to conform to the penalties for violations of other banking laws. Subtitle D: Right to Financial Privacy Act - Amends the Right to Financial Privacy Act to specify that the exceptions to the requirements of such Act apply to supervisory agencies of any financial institution, holding company, or any subsidiary of a financial institution or holding company. Specifies that such exceptions extend to: (1) any supervisory agency of financial records or information in the exercise of its supervisory regulatory or monetary functions, including conservatorship or receivership functions; (2) the Federal Reserve or any Federal Reserve bank in the exercise of its authority to extend credit to depository institutions and others; and (3) the RTC in the exercise of its conservatorship, receivership, or liquidation functions. Prohibits a financial institution which has been served a grand jury subpoena relating to possible crimes against financial institutions or regulatory agencies from notifying any customer whose records are sought or any other party about the existence or contents of any subpoena or any information that has been furnished to the grand jury in response to that subpoena. Impose criminal penalties for violations of such prohibition. Subtitle E: Criminal Enhancements - Amends the Federal criminal code to increase the criminal penalties and impose civil penalties for: (1) financial institution bribery; (2) financial institution misapplication and embezzlement; (3) false entries on the books of financial institutions; (4) fraud on a deposit insurer; (5) false statements or overvaluations concerning financial institutions; and (6) financial institution fraud. Sets forth procedures for the imposition of civil penalties and the collection of any such penalties. Specifies that all criminal and civil penalties shall be cumulative. Increases the statute of limitations pertaining to such crimes from five years to ten years. Provides for civil forfeiture and criminal forfeiture of any property derived from proceeds traceable to specified crimes affecting federally insured financial institutions. Amends the Federal Rules of Criminal Procedure to allow the disclosure of certain matters occurring before a grand jury to certain Government attorneys to assist in the enforcement of Federal criminal or civil law. Allows certain other disclosures when permitted by a court. Authorizes appropriations for FY 1989 to the Department of Justice for investigations and prosecutions involving financial institution crimes. Title X: Study of Federal Deposit Insurance and Banking Regulation - Requires the Secretary of the Treasury to study and report to the Congress on the Federal deposit insurance system, including an appropriate structure for the offering of competitive products and services to consumers consistent with standards of safety and soundness. Title XI: Miscellaneous Provisions - Amends the Federal Credit Union Act to delete the requirement that every credit union maintain with the National Credit Union Share Insurance Fund (NCUSIF) a deposit equal to one percent of the credit union's insured shares. Authorizes the National Credit Union Administration (NCUA) to assess an additional insurance premium if the operating level of the NCUSIF falls below a minimum level. Allows a credit union to expense the one percent deposit over an eight-year period. Requires the Comptroller of the Currency, subject to the approval of the Secretary of the Treasury, to fix the compensation of the employees of the Office of the Comptroller of the Currency. Directs the Comptroller to seek to maintain comparability with the compensation at the other Federal banking regulatory agencies.

Public Housing Family Stability Act

United States · United States Congress · 3 March 1989

Public Housing Family Stability Act - Amends the United States Housing Act of 1937, as amended by the Housing and Community Development Act of 1987, to direct public housing agencies to set maximum monthly rents for their tenants.

A bill to amend part D of title IV of the Job Training Partnership Act to direct the Secretary of Labor to target $5,000,000 out of funds appropriated for such part for employment training and entrepreneurial activities administered by resident management corporations and tenant organizations at public housing projects.

United States · United States Congress · 3 March 1989

Amends the Job Training Partnership Act to direct the Secretary of Labor to target certain pilot project funds for resident management corporations (and tenant organizations in the process of establishing such corporations) to develop and administer job training programs and business activities within public housing projects and their contiguous low-income communities.

Federal Home Loan Mortgage Corporation Transition Act

United States · United States Congress · 2 March 1989

Federal Home Loan Mortgage Corporation Transition Act - Amends the Federal Home Loan Mortgage Corporation Act to revise the composition of the Board of Directors of the Federal Home Loan Mortgage Corporation (FHLMC). Specifies that such Board shall consist of 18 members, five appointed by the President, and the remainder elected annually by the voting common stockholders. (Currently, the Board of Directors of the Federal Home Loan Bank Board (FHLBB) serves as the Board of Directors of the FHLMC.) Provides that the Secretary of Housing and Urban Development shall have general regulatory power over the FHLMC. Authorizes the Secretary to require that a reasonable portion of the FHLMC's mortgage purchases be related to providing of adequate housing for low- and moderate-income families. Specifies that the aggregate amount of cash dividends paid by the FHLMC on account of any share of its common stock shall not exceed any rate determined by the Secretary to be a fair rate of return after consideration of the current earnings and capital condition of the FHLMC. Provides that the common stock of the FHLMC shall consist of: (1) nonvoting common stock, which shall be issued only to Federal home loan banks; and (2) voting common stock. Provides for the conversion of outstanding preferred stock of the FHLMC into voting common stock. Specifies that each share of voting common stock shall be entitled to one vote. Prohibits the FHLMC from imposing any fee upon any mortgage approved by the Secretary for participation in any mortgage insurance program under the National Housing Act. Authorizes the Secretary of the Treasury to purchase any obligations issued by FHLMC up to a specified aggregate amount. Declares that any unsecured obligations of the FHLMC shall have such maturities and interest rates as may be determined by the FHLMC with the approval of the Secretary of the Treasury.

Lower Income Housing Fair Rent Act of 1988

United States · United States Congress · 2 March 1989

Lower Income Housing Fair Rent Act of 1988 - Amends the United States Housing Act of 1937 to exclude from the definition of income for purposes of rent and assistance payments all income earned by family members except the income of the two highest-earning family members.

White House Conference on Homelessness Act

United States · United States Congress · 1 March 1989

White House Conference on Homelessness Act - Directs the President to call a National White House Conference on Homelessness. Provides for State and regional conferences. Requires a report to the President and to the Congress. Requires the Interagency Council on the Homeless to include Conference recommendations in its annual report to the President and the Congress. Authorizes appropriations.

Housing and Community Development Act of 1990

United States · United States Congress · 1 March 1989

Housing and Community Development Act of 1989 - Title I: National Housing Trust - National Housing Trust Act - Establishes the National Housing Trust in the Department of Housing and Urban Development to assist first-time homebuyers. Establishes in the Treasury the National Housing Trust Fund. Authorizes FY 1990 and 1991 appropriations. Title II: Rental Housing Production - Amends the Housing and Community Development Act of 1987 to make the rental development grant program permanent. Authorizes FY 1990 and 1991 appropriations. Amends the United States Housing Act of 1937 to: (1) eliminate area eligibility standards; and (2) revise project selection criteria. Title III: Community Housing Partnership Act - Community Housing Partnership Act - Subtitle A: Housing Education and Organizational Support Grants for Community Based Housing Projects - Authorizes the Secretary of Housing and Urban Development to provide housing education and organizational support grants directly to nonprofit organizations or indirectly to States and cities to assist such organizations. Authorizes FY 1990 and 1991 appropriations. Subtitle B: Community Housing and Partnership Grants - Authorizes the Secretary to provide community partnership grants directly to nonprofit organizations or indirectly to States and cities to assist such organizations. Divides appropriations among: (1) urban community housing partnership grants; (2) State community housing partnership grants; and (3) direct community housing partnership grants. Sets forth the following eligible activities: (1) technical assistance and site control loans; (2) seed-money loans; (3) matching grants or loans; and (4) technical and management assistance for nonprofit sponsors. Sets forth rental project and home ownership eligibility provisions, including: (1) occupancy by lower income families; (2) profit limitations; (3) funding coordination; and (4) affirmative action requirements. Authorizes FY 1990 and 1991 appropriations. Subtitle C: General Provisions - Defines specified terms for purposes of this Act. Title IV: Reauthorizations and Extensions of Housing and Community Development Programs - Subtitle A: Housing Assistance - Part I: Programs Under United States Housing Act of 1937 - Amends the United States Housing Act of 1937 to increase FY 1990 and 1991 lower income housing budget authority. Authorizes FY 1990 and 1991 appropriations for public housing operating subsidies. Authorizes the use of funds in FY 1990 and 1991 for public housing resident management technical assistance and training. Amends the Housing and Urban-Rural Recovery Act of 1983 to authorize FY 1990 and 1991 appropriations for public housing child care grants. Applies the provisions of this part relating to public housing to Indian housing authorities. Part 2: Other Housing Assistance Programs - Amends the Housing Act of 1959 to authorize FY 1990 and 1991 appropriations for housing for the elderly and the handicapped. Makes specified funds available in FY 1990 and 1991 for housing and services for frail elderly persons (as defined by this Act). Amends the Congregate Housing Services Act of 1978 to authorize FY 1990 and 1991 appropriations for congregate services. Amends the Housing and Urban Development Act of 1968 to authorize FY 1990 and 1991 appropriations for housing counseling. Extends and authorizes appropriations through FY 1991 for emergency home ownership counseling. Amends the Housing and Community Development Act of 1987 to extend the multifamily housing disposition partnership program through FY 1991. Extends and authorizes appropriations through FY 1991 for the Nehemiah housing opportunity grant program. Subtitle B: Rural Housing - Amends the Housing Act of 1949 to extend and authorize appropriations through FY 1991 for the rural housing loan and loan guarantee program. Extends program authority through FY 1991 for: (1) rental assistance payment contracts; (2) supplemental rental assistance contracts; (3) rental housing loans; (4) mutual and self-help housing grants and loans; and (5) rural area classification. Authorizes a deferred mortgage demonstration program. Subtitle C: Community Development and Miscellaneous Programs - Part I: Community and Neighborhood Development and Preservation - Amends the Housing and Community Development Act of 1974 to: (1) authorize FY 1990 and 1991 appropriations for the community development block grant program; (2) set aside funds for FY 1990 and 1991 for the special discretionary fund; (3) authorize FY 1990 and 1991 property acquisition loan guarantees; and (4) authorize FY 1990 and 1991 appropriations for the urban homesteading program. Amends the Housing Act of 1964 to extend and authorize appropriations through FY 1991 for the rehabilitation loan program. Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1990 and 1991 appropriations for the Neighborhood Reinvestment Corporation. Amends the Housing and Urban-Rural Recovery Act of 1983 to authorize FY 1990 and 1991 appropriations for the neighborhood development demonstration program. Authorizes Hartford, Connecticut, and Nanticoke and the boroughs of Plymouth and Forty Fort, in Luzerne County, Pennsylvania, to retain and use specified urban renewal land disposition proceeds and other community development funds. Part 2: Mortgage Insurance and Secondary Mortgage Market Programs - Amends the National Housing Act to extend authority through FY 1991 for the homeownership for lower income families program, including mortgage insurance authority and housing stimulus authority. Amends the Housing and Community Development Act of 1987 to authorize Federal Housing Administration mortgage insurance authority through FY 1991. Amends the Federal National Mortgage Association Charter Act to authorize Government National Mortgage Association (GNMA) loan guarantee authority through FY 1991. Part 3: Regulatory and Other Programs - Amends the Housing and Community Development Act of 1987 to extend and authorize appropriations through FY 1991 for the fair housing initiatives program. Amends the Housing and Urban Development Act of 1970 to authorize FY 1990 and 1991 appropriations for housing research and development. Amends the Real Estate Settlement Procedures Act of 1974 to provide for mortgage servicing transfer disclosure. Sets forth related penalty provisions. Requires the General Accounting Office to conduct a study of mortgage transfer activities and report to the appropriate congressional committees. Title V: Homeless Prevention - Amends the United States Housing Act of 1937 to: (1) obligate FY 1990 funds for section 8 programs; and (2) authorize FY 1990 and 1991 appropriations for the homeless. Amends the Housing and Community Development Act of 1987 to extend authority for the emergency low-income preservation program, including incentives to extend low-income use. Provides for the preservation of low-income affordability restrictions upon assistance program conversions under such Act. Amends the Housing Act of 1949 to prohibit the prepayment of rural housing loans on contracts entered into after the enactment of this Act. Amends the Housing and Community Development Act of 1974 to authorize additional FY 1990 and 1991 appropriations for conversions of in rem properties to permanent shelters for the homeless.

Renewable Energy and Energy Efficiency Technology Competitiveness Act of 1989

United States · United States Congress · 1 March 1989

Renewable Energy and Energy Efficiency Technology Competitiveness Act of 1989 - Sets forth specified national goals for the wind, photovoltaics, and solar thermal energy programs. Requires the President's budget requests for FY 1991 to contain the recommendations of the Secretary of Energy for specified Department of Energy research and development programs for 1993, including biofuels energy systems, solar buildings energy systems, ocean energy systems, and geothermal energy. Authorizes appropriations for FY 1991 through 1993 for: (1) the wind energy research program; (2) the photovoltaic energy systems program; (3) the solar thermal energy systems program; (4) the biofuels energy systems program; (5) the solar buildings energy systems program; (6) the ocean energy systems program; and (7) the geothermal energy program. Requires the Secretary to submit an options analysis to the Congress regarding the accelerated commercialization of specified renewable energy technologies. Requires the President's budget requests for FY 1991 and 1992 to include the Secretary's recommendations of amounts to be set aside for energy efficiency research and development and demonstration initiatives. Authorizes appropriations for specified energy efficiency research and development programs for FY 1991 through 1993. Directs the Secretary to establish joint research and development ventures in specified energy technologies and to report to the Congress on the implementation of such plans. Directs the Secretary to establish the following advisory bodies: (1) Advisory Committee on Renewable Energy and Energy Efficiency Technology; (2) Advisory Subcommittee on Photovoltaic Energy Technology; (3) Advisory Subcommittee on Wind Energy Technology; (4) Advisory Subcommittee on Solar Thermal Energy Technology; (5) Advisory Subcommittee on Energy Performance in Factory-Made Housing; (6) Advisory Subcommittee on Advanced District Cooling Technology; and (7) Advisory Subcommittee on Renewable Energy and Energy Efficiency Technology Exports. Authorizes appropriations for FY 1991 through 1993 for such joint ventures. Requires the Committee on Renewable Energy, Commerce and Trade to report annually to the Congress regarding renewable energy technology exports. Authorizes appropriations for such Committee activities for FY 1991 through 1993. Amends the National Energy Conservation Policy Act to direct the Secretary to establish an information dissemination program for Federal procurement and loan officers on the benefits of solar heating and cooling technology, including site visits and technical briefings. Requires the Secretary to make annual reports to the Congress regarding the research programs and ventures under this Act. Requires each annual submission of the National Energy Policy Plan to be accompanied by a three-year strategic plan for energy technology research, development, and demonstration, including energy conservation and renewable energy technologies.

To amend part D of title IV of the Job Training Partnership Act to direct the Secretary of Labor to target $5,000,000 out of funds appropriated for such part for employment training and entrepreneurial activities administered by resident management corporations and tenant organizations at public housing projects.

United States · United States Congress · 1 March 1989

Amends the Job Training Partnership Act to direct the Secretary of Labor to target certain pilot project funds for resident management corporations (and tenant organizations in the process of establishing such corporations) to develop and administer job training programs and business activities within public housing projects and their contiguous low-income communities.

Rural Enterprise Zone Act of 1989

United States · United States Congress · 1 March 1989

Rural Enterprise Zone Act of 1989 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to authorize the Secretary of Housing and Urban Development (Secretary) to designate rural enterprise zones for purposes of providing tax and regulatory relief and improving local services. Limits choices to areas nominated by States and local governments. Limits to 100 the total number of areas that may be designated, and the time period of the designation. Authorizes the Secretary to designate a zone only if the area meets certain locational, demographic, unemployment, and poverty criteria. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action that may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, and providing job training to area residents. Describes areas to which the Secretary must give preference in selecting areas for designation. Requires the Secretary to report to the Congress every four years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. Title II: Federal Income Tax Incentives - Subtitle A: Credits for Employers and Employees - Allows employers located in enterprise zones a nonrefundable income tax credit for qualified increased employment expenditures and employment of the disadvantaged. Sets the credit amount at ten percent of the increase in payroll plus a specified percentage of wages paid to certain disadvantaged workers through the first 20 years of the enterprise zone designation. Allows a nonrefundable income tax credit to enterprise zone employees for five percent of wages earned. Phases out both credits in the last four years of the enterprise zone designation. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for investments made in certain enterprise zone construction property. Limits the credit to ten percent for new property, including rental property. Requires the recapture of credit amounts upon the early disposition of the property. Subtitle C: Nonrecognition of Qualified Enterprise Zone Capital Gain Where Acquisition of Enterprise Zone Business Property - Provides for the nonrecognition of capital gain on the sale of enterprise zone property if, within one year after the sale, the taxpayer acquires qualified replacement property (generally defined as property related to an enterprise zone or to a business within a zone). Subtitle D: Deduction for Purchase of Enterprise Stock - Allows a taxpayer to deduct up to $100,000 of the aggregate amount paid for the purchase of enterprise stock on its original issue by a qualified issuer. Requires any gain from the disposition of the stock to be treated as ordinary income. Subtitle E: Rules Relating to Industrial Development Bonds - Declares that: (1) limitations on the cost recovery deductions for property financed with tax-exempt bonds shall not apply to enterprise zone property; and (2) the termination of the small issue exemption shall not apply to bonds whose proceeds are used to finance facilities in enterprise zones. Requires that five percent of the private activity bond volume cap for a State that has one or more enterprise zones be set aside exclusively for use in such zones. Subtitle F: Ordinary Loss Deduction for Securities of Enterprise Zone Business Which Become Worthless - Permits an ordinary loss deduction for securities of enterprise zone business that become worthless during the taxable year. Subtitle G: Increase in Research Credit for Research Conducted in Enterprise Zones - Increases from 20 percent to 30 percent the tax credit for increasing research conducted in enterprise zones. Applies this subtitle retroactively to taxable years 1987 and thereafter. Subtitle H: Sense of the Congress with Respect to Tax Simplification - Expresses the sense of the Congress that the Secretary of the Treasury should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Subtitle I: Regulations - Directs the Secretary of the Treasury to issue regulations to carry out the provisions of this Act not later than six months after enactment. Title III: Regulatory Flexibility - Amends Federal law to revise the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified business, government, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations pertaining to the implementation of projects or activities within an enterprise zone. Requires agencies to approve the request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in retaining the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement or present a danger to the public health and safety. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and to consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and to expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to, and expedite applications for, the establishment of ports of entry necessary to establish such zones. Title V: Enterprise Zone Business Incubator Program - Directs the Secretary of Housing and Urban Development to establish a business incubator program to provide loans and grants to State and local governments to give start-up assistance to small businesses in distressed rural areas.

Urban Homestead Act of 1989

United States · United States Congress · 1 March 1989

Urban Homestead Act of 1989 - Amends the United States Housing Act of 1937 to make the tenant ownership program authority permanent. Directs the Secretary of Housing and Urban Development to provide financial assistance directly to resident management corporations for homeownership technical assistance. Expands resident management corporation authority to replace purchased public housing units.

Drug-Free Housing and Neighborhoods Act of 1989

United States · United States Congress · 1 March 1989

Drug-Free Housing and Neighborhoods Act of 1989 - Subjects a person to eviction for the use of his or her dwelling unit or nearby premises as a haven for drug use (as defined by this Act). Authorizes the Secretary of Housing and Urban Development to provide State and local government and Indian tribes with related technical and financial assistance. Authorizes appropriations. Requires an annual report to the Congress.

Public Housing Family Stability Act

United States · United States Congress · 1 March 1989

Public Housing Family Stability Act - Amends the United States Housing Act of 1937, as amended by the Housing and Community Development Act of 1987, to direct public housing agencies, including Indian housing agencies, to set maximum monthly rents for their tenants.

First-Time Homebuyers Assistance Act of 1989

United States · United States Congress · 28 February 1989

First-Time Homebuyers Assistance Act of 1989 - Directs the Secretary of Housing and Urban Development to establish a demonstration program to insure mortgages with no downpayments for qualifying first-time buyers. Sets forth mortgage and mortgagor eligibility criteria. States that the United States shall be liable for such mortgages but not for any secondary or subsequent liens. Establishes in the Treasury the First-Time Homebuyers Mortgage Insurance Fund to carry out such program. Requires annual program reports to the Congress. Authorizes appropriations.

National Comprehensive Housing Act

United States · United States Congress · 27 February 1989

National Comprehensive Housing Act - Title I: National Tenant Protection and Private Rental Housing Conversion Act - Subtitle A: Protecting Tenants and Preserving Affordable Rental Housing - Requires State and local governments to establish the following use and occupancy protections: (1) anti-discrimination; (2) warranty of habitability; (3) eviction controls; and (4) rent, conversion, and demolition controls. Requires State and local governments to establish the following management standards: (1) performance evaluation; (2) collective bargaining; and (3) management policy plans. Subtitle B: Converting Private Rental Housing to Social Ownership - Directs the Secretary of Housing and Urban Development to provide financial and technical assistance to local governmental units to enable them to establish goals for converting private housing to social housing. Sets forth provisions regarding conversion purchase price, purchase of properties subject to foreclosure, and rehabilitation of properties in substandard condition. Authorizes appropriations beginning with FY 1990. Title II: The National Homeowner Protection Act - Subtitle A: Protecting Existing Homeowners and Converting Private Homes - States that all low and moderate income homeowners shall have the option of deeding their dwelling units to a social entity in exchange for lifetime security of tenure at an affordable monthly cost. Authorizes the Secretary to: (1) provide for equity participation with a social owner; and (2) make home improvement grants in exchange for deeding the property to a social owner. Authorizes elderly homeowners to deed their homes to a social owner in exchange for an equity-based annuity. Authorizes appropriations beginning with FY 1990. Subtitle B: Expanding Homeownership Opportunities - Provides for the expansion of resident ownership from the social acquisition of private owner-occupied homes and of rental housing. Authorizes appropriations beginning with FY 1990. Title III: The Subsidized Housing Preservation Act - Subtitle A: Protecting Tenants and Improving Existing Subsidized Housing - Sets forth the following housing provisions: (1) affordability of public and other federally subsidized housing; (2) livability, including code enforcement, upgrading of minimal standards, and grants for social ownership conversion; (3) security of tenure, including due process protection for eviction proceedings; (4) resident control, including a grant program for tenant councils, and (5) management, including management standards, social management priority, and a grant program for social management. Subtitle B: Preserving Subsidized Housing for Lower Income Families and Expanding Social Ownership - Sets forth provisions which would: (1) preserve subsidized housing for lower income families; and (2) prohibit conversion of existing subsidized units to private ownership and restrict the demolition or other nonhousing use removal of such units. Subtitle C: Conversion From Privately Owned Subsidized Housing to Social Ownership - Provides for grant and subsidy incentives for private owners who deed their properties to existing tenants or to other social owners. Authorizes appropriations. Authorizes appropriations beginning with FY 1990. Title IV: The Social Housing Production and Financing Act - Subtitle A: Producing Housing for Social Ownership - Directs the Secretary to establish national social housing production goals. States that social housing development may be undertaken by companies, nonprofit organizations, and public agencies. Subtitle B: Financing of Social Housing Production - Directs the Secretary to make and contract to make grants for: (1) social housing construction and rehabilitation, including site acquisition; and (2) operating subsidies. States that beginning with FY 1991, no amount may be approved in appropriation Acts, or utilized for the construction or rehabilitation of housing other than social housing or privately owned housing that is converting to social housing. Authorizes specified appropriations, beginning with FY 1990, for: (1) new construction; (2) rehabilitation; and (3) operating subsidies. Title V: Federally Mandated Local Housing Programs - Directs the Secretary to take actions necessary to implement this Act, including: (1) certification of State housing plans; (2) provision of adequate funding; (3) withholding of funds for noncompliance; and (4) direct allocation of funds to local governmental units. Sets forth State and local housing responsibilities. Title VI: Interim Reform Measures - Prohibits: (1) the displacement of low and moderate income families; (2) the demolition of public subsidized housing, except for a public purpose and when replaced with other housing; and (3) conversion to private ownership (including mortgage prepayments), except for a public purpose. Directs the Secretary to: (1) facilitate the transfer to social ownership; and (2) give increased priority to funding congregate housing for the elderly. Title VII: General Provisions - Directs the Secretary to ensure that programs of social housing production comply with: (1) employment and job training principles; (2) wages and materials provisions; (3) resident priorities; and (4) affirmative action principles. Title VIII: Definitions - Defines specified terms for purposes of this Act.

Global Warming Prevention Act of 1989

United States · United States Congress · 22 February 1989

Global Warming Prevention Act of 1989 - Establishes as national goals: (1) that the amount of carbon dioxide in the atmosphere be reduced from 1988 levels by at least 20 percent by the year 2000 through a mix of Federal and State energy policies; and (2) the establishment of an International Global Agreement on the Atmosphere by 1992. Requires the Secretary of Energy (the Secretary) and the Administrator of the Environmental Protection Agency to report to the Congress within two years regarding whether a higher level of carbon dioxide emissions reduction is desirable after 2000, together with any necessary policy actions and their costs and benefits. Title I: National Least-Cost Energy Plan - Requires the Secretary to prepare for the President, and transmit to the Congress, a new National Least-Cost Energy Plan in lieu of other authorized national energy plans. Directs the Secretary to implement such plan immediately. Outlines a program for public involvement in the formulation of the Plan. Directs the Secretary to establish an intervenor funding mechanism based upon certain State models. Authorizes appropriations for FY 1990 through 1992. Requires designated Secretaries to prepare reports for inclusion in the Plan with respect to: (1) all government subsidies for energy-related expenditures; (2) waste reduction options and recycling; (3) tree plantings to offset carbon dioxide emissions; and (4) transportation modes to reduce carbon-dioxide emissions. Amends the Department of Energy Organization Act to repeal the National Energy Policy Plan. Title II: Energy Efficiency - Part A: Energy Efficiency Policy - Directs the Secretary to grant the highest priority to energy efficiency improvements in: (1) energy-consuming devices; (2) federally owned and leased buildings and equipment; (3) federally assisted housing; and (4) the Federal vehicle fleet. Mandates that the President's budget request for FY 1991 through 1994 include recommendations for the increased efficiency of energy-consuming devices. Directs the Secretary to establish an Energy Research Advisory Board Panel on end-use energy technologies. Requires the Panel to report annually to the Energy Research Advisory Board on its assessment of promising energy efficiency research and development opportunities and policies. Requires the Secretary to submit to the Congress: (1) a long-term research and development plan that accelerates by five years the current Department of Energy multiyear program goals for energy efficiency; and (2) an estimate of the funding increase needed to achieve such accelerated goals. Authorizes appropriations for FY 1991 through 1993. Directs the National Institute of Standards and Technology to provide financial assistance in consultation to ten research centers to achieve multiple improvements in energy-intensive industrial and manufacturing processes. Sets forth an operations timetable for such centers. Authorizes appropriations for such centers for FY 1991 through 1993. Directs the Secretary to: (1) establish energy efficiency goals resulting in specified primary energy savings for federally owned or leased buildings, as well as federally assisted housing; and (2) include the use of renewable forms of energy within the energy efficiency options for such buildings. Authorizes appropriations for such program for FY 1990 through 1992. Requires the Secretaries of Energy and the Department of Housing and Urban Development to convene a meeting of housing industry members to select a not-for-profit organization to administer a uniform nationwide home energy rating system. Mandates that such organization contract with the Lawrence Berkeley National Laboratory Center for Building Sciences by a certain deadline. Authorizes appropriations for such organization for FY 1990 through 1993. Mandates that certain institutions which offer federally assisted home mortgage loans take measures to encourage cost-effective energy efficiency improvements based upon a home energy audit and rating scheme. Directs the Secretary to promulgate energy efficiency standards for incandescent and fluorescent lamps and windows. Requires the Secretary to: (1) implement a research, development, and demonstration program on technologies to reduce chlorofluorocarbon use; (2) expand the Department of Energy's existing technology transfer initiative on least-cost electric utility planning; and (3) implement a least-cost gas utility initiative. Requires the Secretary of Transportation to: (1) establish an evaluation program regarding car-pooling arrangements and high-occupancy vehicle lanes; and (2) report to the Congress on nonmotorized transportation alternatives, as well as a fuel-savings mass transportation assistance program for State and local governments. Requires such Secretary to report to the Congress on the use of Highway Trust Fund moneys for non-motorized transportation alternatives and for carbon-dioxide emissions reductions. Directs the Federal Energy Regulatory Commission to: (1) take certain prescribed actions to ensure the adoption of least-cost utility planning principles; and (2) detail for the Congress any amendments to the Federal Power Act which are necessary for the Commission to adopt such planning principles. Requires the Secretary of Energy to report to the Congress on the results of a national power survey emphasizing policies and technologies within the electric utility industry which are designed to diminish global warming. Amends the National Energy Conservation Policy Act to repeal the prohibition against the supply or installation by a public utility of a residential energy conservation measure for residential customers. Amends the Public Utility Regulatory Policies Act of 1978 to direct the Federal Energy Regulatory Commission (FERC) to prescribe within one year after the date of enactment of this Act rules encouraging the achievement of qualifying efficiency. Mandates that such rules: (1) require that electric utilities offer to purchase qualifying conservation from qualifying cogeneration or small power production facilities; and (2) provide for the verification of conservation achievement. Prescribes rate guidelines for such electric utilities purchases. Establishes Federal standards for least cost supply measures, and requires State regulatory authorities and nonregulated gas and electric utilities to implement such standards. Title III: State Energy Conservation Program - Amends the Energy Policy and Conservation Act to mandate that each State energy conservation plan which receives Federal assistance contain a goal to reduce by ten percent or more the total amount of energy consumed in such State in the year 2000 from the projected energy consumption for such year as of October 1, 1990. Adds to Federal assistance eligibility prerequisites for proposed State energy conservation plans, including an emergency planning program for energy supply disruption. Cites optional State energy conservation programs. Repeals the mandate for supplemental State energy conservation plans. Authorizes appropriations for energy conservation programs (including those for schools and hospitals) for FY 1990 through 1992. Establishes a State Energy Advisory Board to: (1) review and advise on the programs under this Act; (2) serve as liaison between the States and the Department of Energy on energy efficiency; and (3) report annually to the Secretary and the Congress on its activities. Authorizes the use of loan programs and performance contracting for the non-Federal share of energy conservation project costs under the grant program. Amends the Energy Conservation and Production Act to cite conditions under which the Secretary may approve a State application for a waiver of: (1) the requirement that at least 40 percent of Federal weatherization assistance be used for weatherization materials; and (2) the limitations placed upon expenditures per dwelling unit for weatherization measures. Authorizes appropriations for FY 1991 through 1992 for a weatherization research and technical assistance program which shall include the monitoring of indoor air quality in low-income homes. Title IV: Vehicle Energy Efficiency Improvements - Vehicle Energy Efficiency Performance Standards Act of 1989 - Amends the Motor Vehicle Information and Cost Savings Act to increase the average fuel economy standards for passenger automobiles and light duty trucks for model year 1992 and thereafter according to prescribed guidelines. Exempts manufacturers of fewer than 10,000 light trucks and emergency vehicles from such prescribed standards. Establishes an incentives schedule for manufacturers of passenger automobiles and light trucks. Authorizes the Secretary of Transportation to assess a tax against any manufacturer who fails to comply with the prescribed average fuel economy standards. Terminates the current civil penalty after model year 1989. Prescribes a fleet average fuel economy schedule for all Federal passenger automobiles and light trucks for model years 1992 and thereafter. Amends the Information and Cost Savings Act to require the Administrator of the Environmental Protection Agency to consult with the Secretary of Energy before establishing testing and calculation procedures for measuring automobile fuel economy. Revises from mandatory to discretionary the Administrator's authority to require fuel economy tests in conjunction with emissions tests conducted under the Clean Air Act. Directs the Administrator to measure a sampling of production passenger automobiles for each model type and year during the first month of manufacture for sale. Directs the Administrator to review procedures periodically for testing fuel economy. Directs the Administrator to update the booklet containing fuel economy data at least twice a year. Directs the Secretary of Energy to distribute at least 100 booklets each year to each dealer and additional numbers if requested. Cites conditions under which manufacturers of light vehicles with certain increased fuel economies shall be considered to have offered the Government a specified discounted bid. Directs the Secretary, within two years of enactment of this Act, to submit suggestions to the Congress for additional legislation to carry out its purposes and the purposes of the Motor Vehicle Information and Cost Savings Act. Directs the National Academy of Sciences to report to the Congress on the results of its review of the research and development status of the fuel efficiency and energy consumption reduction of light vehicles, trucks, and passenger vehicles. Directs the Secretary of Energy to make changes in the Department of Energy's transportation research and development program based upon such report. Outlines criteria and procedures for prescribing amended vehicle fuel economy standards. Amends the Internal Revenue Code to prescribe a gas guzzler tax schedule applicable to 1989 and later model year automobiles. Sets forth a tax credit schedule for the purchase of certain fuel efficient passenger vehicles. Title V: Solar and Renewable Resources - Requires the Secretary of Energy to report to the Congress regarding a long-term research, development and demonstration program with policy options necessary to achieve a quadrupling of renewable energy production and use by 2015. Requires the Secretary of Energy to work closely with specified Federal departments regarding the Federal Government's biofuels program, and to report to the Congress on the progress being made in the development of solar and renewable resources. Mandates that the President's budget requests for FY 1990 - FY 1993 include the Secretary of Energy's recommendations for civilian research and development budgets necessary to implement such long-term program. Directs the Secretary to establish an Energy Research Advisory Board Panel on Solar and Renewable Resources and Technologies which shall report annually to the Energy Research Advisory Board regarding the status of the solar and renewable resources program. Authorizes appropriations for FY 1991 through FY 1994 for such program. Mandates that the President's budget request for FY 1991 include the Secretary's recommendations for proof-of-concept or near-commercialization demonstration projects in specified categories. Directs the Secretary to: (1) establish and provide financial assistance to a joint research and development venture to develop advanced district cooling technologies applicable in cities with high cooling loads; and (2) appoint members to an Advisory Committee on Advanced District Cooling Technology to assist in the implementation of such joint venture. Authorizes appropriations for such venture. Directs the Secretary of Energy to implement a research program regarding: (1) fuel cell use of methane gas generated from biomass forms; (2) technologies using renewable energy sources (such as wind and solar energy) to produce hydrogen for fuel cell use; and (3) fuel cell technology for electric power production as backup spinning reserve components to renewable power systems in rural and isolated areas. Authorizes the Secretary to make grants to, and enter into contracts with, private research laboratories. Requires the Secretary to report to the Congress regarding the fuel cell research program. Directs the Secretary to appoint members to an Advisory Committee on Energy Conservation and Renewable Energy Technology Exports to assist in the implementation of such program. Authorizes appropriations for FY 1991 through 1993. Directs the Administrator of the Environmental Protection Agency to prepare Federal guidelines for use by cities and municipalities, specifying environmental and safety standards for the use of fuel cell technology. Requires the Secretary of Commerce to report to the Congress regarding the export market potential for integrated fuel cells systems with renewable power technologies. Requires such Secretary to report to the Congress on the activities of the Committee on Renewable Energy, Commerce, and Trade to promote exports of renewable energy technology. Requires each participating member of such Committee to report annually to the Congress on the Committee actions regarding renewable energy technology exports. Requires the Committee to establish a joint government-industry plan to promote the U.S. market share in international trade in renewable energy technologies, including the development of administrative guidelines for Federal export loan programs. Authorizes appropriations for FY 1991 through 1993. Directs the Committee to coordinate, contract with, and assist financially appropriate parties to build and demonstrate the commercial operation of a biomass gasified steam-injected gas turbine of up to 25 megawatts. Authorizes appropriations and requires a report to the Congress. Title VI: Solar Hydrogen Fuels - Directs the Secretary of Energy to prepare and submit to specified congressional committees a comprehensive five-year program management plan for a research and development program designed to permit the development of a domestic hydrogen fuel production capability within the shortest practicable time. Requires the Secretary to send the Congress annual plan descriptions including any necessary plan modifications. Directs the Secretary to establish such program within the Department of Energy. Gives priority to production techniques that use renewable energy sources as their primary energy sources. Directs the Secretary: (1) to conduct demonstrations to evaluate technical and nontechnical parameters to determine commercial applicability of hydrogen technology; and (2) to prepare a comprehensive large-scale hydrogen technology demonstration plan. Establishes a Hydrogen Technical Advisory Panel of the Energy Research Advisory Board to advise the Secretary on the conduct of the hydrogen program. Requires an annual report from the Panel to the Energy Research Advisory Board, which shall subsequently report to the Secretary. Authorizes appropriations for FY 1991 through 1995. Title VII: Natural Gas and Coal - Part A: Natural Gas - Directs the Secretary of Energy to enter into cooperative agreements with and provide financial assistance to appropriate parties to construct and demonstrate the commercial operation of ten intercooled steam-injected gas turbines for generating electricity. Authorizes appropriations for FY 1991 through 1994. Requires the Secretary to report to the Congress on the implementation of this program. Directs the Secretary to enter into cooperative agreements with and to provide financial assistance to municipal governments to demonstrate the feasibility of using natural gas as a fuel for urban area mass transit. Authorizes appropriations for FY 1991 through 1993. Requires the Secretary to submit a feasibility report to the Congress within nine months after enactment of this Act pertaining to the use of natural gas in diesel-powered vehicles to facilitate compliance with emissions requirements. Part B: Coal - Requires the Secretary, within nine months, to provide the Congress with a comprehensive review of clean coal technologies to be developed in federally-funded projects under the Department of Energy's clean coal technology program. Directs the Secretary to establish and implement research and development technologies for preventing, reducing, recycling, or offsetting carbon-dioxide emissions from combusted coal. Requires the Secretary to report to the Congress on the implementation of such technologies. Authorizes appropriations for FY 1990 through 1992. Title VIII: Forest and Agriculture Policies - Part A: Forest Policies - Directs the Secretary of Agriculture, in cooperation with the Secretary of the Interior, to report to the President and the Congress on the feasibility of a national forestation initiative. Amends the Food Security Act of 1985 to require the Secretary of Agriculture to: (1) enter into contracts with ranch and farmland operators to place specified acreage of highly erodible cropland into the conservation reserve during certain crop years; and (2) report to the Congress regarding the potential for offsetting new carbon dioxide emissions through the use of tree plantations. Part B: Agricultural Policies - Mandates that specified Federal agencies conduct a joint study on critical linkages between agricultural production and global climate change. Directs specified Federal agencies to establish an interagency task force to ensure that all satellite and remote sensing information pertinent to agricultural needs and climate modeling are made available to the Department of Agriculture. Directs the Secretary of Agriculture to use the "Low-Input Farming Systems Research and Education Program." Authorizes appropriations for FY 1991 through 1995. Part C: Integrated Farming Policies - Directs the Secretary of Agriculture to consult with the agriculture community and sustainable agriculture advocates for the purpose of developing an integrated farming research, development, and demonstration program. Authorizes appropriations for FY 1991 through 1993. Directs the Secretary of Energy to establish a national farm ethanol program. Authorizes appropriations for FY 1991 through 1993. Part D: Urban Forestry Conservation Program - Directs the Secretary of Agriculture to implement an urban forestry education and accelerated tree planting program for: (1) energy conservation; (2) carbon-dioxide emissions reduction; (3) improved urban air quality; and (4) general environmental benefits. Outlines demonstration projects financed with Federal matching funds. Directs the Secretary to support urban forestry projects at Department of Agriculture stations and at Land Grant Universities. Authorizes appropriations. Part E: Tongass Timber Reform Act - Amends the Alaska National Interest Lands Conservation Act to repeal the ongoing appropriations for timber utilization in the Tongass National Forest, Alaska. Repeals the requirement for identifying lands unsuitable for timber production in such Forest. Repeals the reporting requirement on the adequacy of timber supply from Forest lands. Requires the biennial report on such Forest to include the impact of timber management on subsistence resources, wildlife, and fisheries habitats, biological diversity, the old growth rain forest ecosystem, and other specified items. Requires the southeast Alaska commercial fishing industry to be included for cooperation and consultation in a study of the Forest timber supply and demand. Directs the Secretary of Agriculture to terminate specified long-term timber sale contracts, and to revise the Tongass National Forest Land Management Plan of 1979 in a manner that fully protects long-term environmental and recreational concerns. Requires such Secretary to report to certain congressional committees regarding the status of such Forest Plan revision schedule. Imposes a moratorium on timber sales and harvest until the Forest Plan is completely revised and ready for implementation. Title IX: Development Assistance - Directs the Secretary of State, in conjunction with the Administrator of the Agency for International Development and other specified officials, to report to the Congress on the status of forest resources in tropical countries, including a forest and agroforestry plan with goals for each tropical country. Requires: (1) the Administrator to ensure that all activities supported by U.S. bilateral foreign assistance are consistent with such plan; and (2) the Administrator to take into account each country's measure of success in meeting plan goals when allocating development assistance monies. Prescribes guidelines under which the Secretaries of State and of the Treasury and the President must promote multilateral tropical forestry programs, and report to the Congress regarding the progress made by each of the multilateral development banks, the United Nations Food and Agriculture Program, the United Nations Development Program, and the International Tropical Timber Organization. Directs the Secretary of Commerce to promulgate regulations within one year after enactment of this Act requiring wood and products containing imported wood to bear a label disclosing the scientific and common names of such wood and the countries of origin. Directs such Secretary to impose a tropical woods tax upon products containing specified woods. Requires such Secretary to promulgate regulations prohibiting the importation of wood and wood products containing wood from: (1) tropical forest countries that have not achieved the forest plan goals; (2) countries that import wood or products containing wood harvested in tropical countries that have not achieved forest plan goals; and (3) countries that permit transit of wood or products containing wood harvested in tropical countries that have not achieved forest plan goals. Requires the Secretary to report annually to the Congress on the status of import controls with respect to tropical forest countries that have not achieved the forest plan goals. Amends the Foreign Assistance Act of 1961 to authorize the President to assist developing countries with research and development programs aimed at energy efficiency and energy transmission facilities. Prohibits assistance for large-scale production of energy. Prescribes guidelines under which the President is directed to provide support to aid-receiving countries with emphasis upon least-cost energy planning. Requires the President to report annually to the Congress regarding the bilateral energy program, including the progress made in reducing greenhouse gas emission. Directs the Secretary of the Treasury to instruct the U.S. Executive Director of each multilateral development bank to: (1) vigorously promote the adoption by each bank of a least-cost energy planning program containing specified components; and (2) oppose, except in certain instances, financial or technical assistance to any borrowing country if a least-cost energy plan is not in place. Directs the Secretary of State to instruct the Ambassador to the United Nations to: (1) vigorously encourage the United Nations Development Program implementing energy conservation and efficiency programs for recipient countries; and (2) oppose the adoption of country programs for any country for which a least-cost energy planning program giving priority to energy conservation, end use energy efficiency, and renewable energy sources is not in place. Requires the Secretary of the Treasury and the Secretary of State to report annually to the Congress regarding the progress of the multilateral development banks and the United Nations Development Program in implementing energy conservation measures. Declares that it is the policy of the United States that its economic assistance programs to developing countries should encourage least-cost, sustainable transportation policies and practices based on a diverse mix of motorized and nonmotorized transport modes which minimize fuel needs and reduce carbon-dioxide emissions. Directs the Administrator of the Agency for International Development to: (1) implement a study of the Agency's transportation-related programs and of the multilateral development bank policies regarding their transportation-related lending practices to recipient countries; and (2) redirect part of the Agency's resources to provide nonmotorized low-cost vehicles that can be sustained in the long term. Directs the Secretary of the Treasury to instruct the U.S. Executive Director of each multilateral development bank to increase the emphasis on nonmotorized, low-cost and energy efficient alternatives to private motor vehicles. Directs the Peace Corps to encourage the use of nonmotorized transport technologies in the projects it undertakes. Specifies non-motorized transportation policies to be promoted by the U.S. Government in implementing its development assistance programs. Authorizes the Secretary of the Treasury to modify the loan terms on up to one-half of the sovereign debt owed the United States by developing countries as a condition of adopting forest and energy conservation programs. Directs the Secretary to promulgate regulations implementing such environmental conservation and debt reduction program within one year after the enactment of this Act. Directs the Administrator of the Agency for International Development to report biennially to the Congress regarding the status of energy conservation and efficiency for each country receiving Federal development assistance monies. Requires the Administrator of the Agency for International Development to report to the Congress regarding the options and strategies for the use of bilateral and multilateral development assistance programs sponsored by the United States to control emissions of certain greenhouse gases into the atmosphere. Title X: International Activities - Directs the Secretary of State to convene an international meeting in the United States by the end of 1992 to adopt a global climate protection agreement with measures at least as stringent as those in this Act. Sets forth a percentage reductions schedule for emissions of specified gases. Directs the Secretary of State to: (1) initiate negotiations for the adoption of a binding multilateral agreement requiring specified reductions of nitrogen oxide emissions by 1998; (2) request and, if necessary, convene the parties to the Montreal protocol on substances that deplete the ozone layer for possible control measures reassessment; and (3) convene an international meeting to exchange information regarding energy efficiency and solar/renewable energy resources that are environmentally sustainable. Directs the Secretary of the Treasury to instruct the U.S. Executive Directors of multilateral development banks to promote lending policies which emphasize specified aspects of energy conservation, renewable energy source, greenhouse gas emissions, and least-cost non-motorized transportation systems. Directs the Administrator of the Agency for International Development to take specified measures concerning: (1) biological diversity conservation; (2) renewable energy resources and conservation; and (3) assistance to developing countries in the use of agricultural and industrial chemicals. Declares U.S. policy with respect to domestic and international efforts to deal with the greenhouse effect. Requests the President to take steps to establish a long-term study of the greenhouse effect, beginning with a one-year cooperative international research program started during or before 1991. Names the year of such program the "International Year of the Greenhouse Effect." Directs the Environmental Protection Agency to develop and implement programs with respect to: (1) chlorofluorocarbon replacement; (2) methane control; (3) energy efficiency; and (4) alternative energy sources. Authorizes appropriations. Title XI: World Population Growth -Declares it is the policy of the United States that family planning services should be made available to all persons requesting them. Authorizes appropriations for FY 1991 through 1995 for international population and family planning assistance. Prohibits the use of such funds for: (1) involuntary sterilization or abortion; or (2) the coercion of any person to accept family planning services. Requests the President to initiate an international conference on population, and to seek an international agreement on population growth. Establishes a National Commission on Population, Environment, and Natural Resources to prepare reports and convene conferences. Terminates such Commission three years after the enactment of this Act. Mandates that multilateral development banks adopt guidelines promoting lending strategies which emphasize the maintenance of sustainable world population levels. Authorizes appropriations for FY 1991 through 1993. Title XII: Recyclable Materials - Directs the Secretary of Commerce and the Secretary of Health and Human Services to report to the Congress the results of a study regarding degradable materials and recycling methodologies. Requires the Secretary of Defense to report to the Congress the results of a study regarding the national security implications of requiring the use of degradable materials in items procured by the Department of Defense, and of requiring the Department to comply with specified prohibitions against the use of nondegradable materials. Requires the Administrator of the Environmental Protection Agency biennially to submit an updated report to the President and the Congress regarding Federal, State, and local policies and practices in recycling government wastes and procuring recyclable materials. Directs the Secretary of Agriculture to report to the Congress the results of a pilot project to develop and demonstrate a viable technology for composting municipal waste and sewage sludge. Directs the Secretary of Commerce to appoint a Director of Recycling Research and Information to: (1) make grants for recycling research and development; (2) establish a national database information clearinghouse for recyclable materials; (3) report annually to the Congress regarding the status of recyclable wastes; and (4) make grants for scientific research on the use of plastic materials as part of a recycling program. Authorizes appropriations for FY 1991 through 1994. Sets forth civil and criminal penalties for offenses involving the production, manufacturing, distribution or selling of specified nonrecycled consumer goods which have been proscribed by the Secretary of Commerce under regulations jointly issued with the Administrator of the Environmental Protection Agency. Requires the Secretary of Commerce periodically to update the list of proscribed nonrecycled consumer goods.

Relief for Elderly Eviction and Foreclosure Act of 1989

United States · United States Congress · 22 February 1989

Relief for Elderly Eviction and Foreclosure Act of 1989 - Amends the Older Americans Act of 1965 to require a political entity in which a proceeding has been commenced to compel the sale of any residence occupied by an older individual or to evict such individual by reason of his or her nonpayment of debt to notify such individual and the area agency on aging, within seven days after the commencement of such proceeding, of such debt and proceeding. Prohibits any action from being taken to compel such sale or evict such individual within 120 days after the commencement of such proceeding if the area agency, within 60 days of receiving notice, determines that more time is needed to prevent, or provide social services to such individual in anticipation of, such sale or eviction. Requires the area agency, within 60 days of receiving notice, to consult with the older individual: (1) explaining to such individual his or her situation; (2) identifying Federal, State, or local assistance that may be available to delay or prevent such sale or eviction; (3) identifying alternative housing that may be available if such sale or eviction occurs; and (4) determining whether such individual is capable of understanding his or her situation and, if not, notifying an appropriate social service agency of such individual's need for assistance.

Low Income Housing Preservation Act of 1989

United States · United States Congress · 22 February 1989

Low Income Housing Preservation Act of 1989 - Authorizes the Secretary of Housing and Urban Development to make grants to States to purchase and maintain eligible low-income housing. Authorizes FY 1989 through 1991 appropriations.

National Voluntary Service and Educational Opportunity Act of 1989

United States · United States Congress · 9 February 1989

National Voluntary Service and Educational Opportunity Act of 1989 - Title I: Establishment of the Citizens Corps - Establishes the Citizens Corps, which shall provide the following national service options: (1) Civilian Service; (2) Service in the Armed Forces; and (3) Senior Service. Allows individuals to serve in the Civilian Service who: (1) are age 17 or over; (2) have received a high school diploma or its equivalent; and (3) are U.S. citizens or permanent residents. Allows individuals to be eligible to enlist for service in the Armed Forces as Citizen Corps members (subject to existing personnel requirements of the armed forces) who: (1) have received a high school diploma or its equivalent; (2) satisfy applicable enlistment requirements; and (3) satisfy other eligibility criteria established by the Secretary of Defense. Allows individuals to serve in the Senior Service who: (1) are age 65 or over; and (2) meet eligibility criteria established by the Corporation for National Service. Makes such Civilian Service one year of full-time national service, with the option of requesting an additional year. Makes such Armed Forces Service either: (1) two years of active duty in the armed forces, two years in the Selected Reserve of a reserve component, and four years in the Individual Ready Reserve; or (2) eight years in the Selected Reserve of a reserve component. Makes the Senior Service for such time period as the Corporation for National Service allows and either full- or part-time. Provides that Civilian Service or Senior Service members may perform national service to meet the unmet needs of a State, local government, or other community. Allows such service to include the following types: (1) educational service (such as literacy and numeracy programs, Head Start, tutoring, and service in schools, libraries, and adult education centers); (2) human service (such as service in hospitals, hospices, clinics, community health centers, homes for the elderly, and child-care centers, and in programs assisting the elderly, poor, and homeless, including improving their housing); (3) conservation service (such as conservation of urban and rural natural resources, community betterment); (4) public safety service in support of the criminal justice system (including police, courts, prisons, and border patrol); and (5) service in existing national programs (such as the Peace Corps and VISTA). Directs the Secretary of Defense to designate appropriate national service positions for Citizens Corps members serving in the armed forces. Sets forth application requirements for Civilian Service and Senior Service. Directs the Secretary of Defense to establish a system to enlist individuals for service in the armed forces as Citizens Corps members. Title II: Administration of the Citizens Corps - Subtitle A: Administration of the Civilian Service and Senior Service - Makes the Corporation for National Service responsible for administering the Civilian Service and Senior Service of the Citizens Corps. Establishes the Corporation for National Service (CNS) as a nonprofit corporation which shall not be considered an agency or establishment of the U.S. Government. Makes the CNS subject to this Act and, if consistent with this Act, the District of Columbia Nonprofit Corporation Act. Directs CNS to establish: (1) types and amounts of allowances and support for Civilian and Senior Service members; (2) appropriate types of national service activities for such members; (3) procedures to monitor provision of financial assistance under title III of this Act to assure that Citizens Corps members and graduates faithfully perform and complete their service; (4) procedures to examine the effect of such national service on the availability and terms of employment in an area; and (5) rates of pay, eligibility criteria, and terms of service for Senior Service members. Directs CNS to make general grants, pursuant to a specified allocation formula, to assist States in: (1) paying civilian and senior service member stipends and wages; (2) providing and administering national service opportunities for such members; and (3) making grants to national service councils in each State. Authorizes CNS to make supplemental grants during a fiscal year to: (1) States which have an unusual increase in Civilian and Senior Service members (excluding those serving with Federal agencies) in such fiscal year; and (2) Federal agencies, to assist them in placing Civilian and Senior Service members for such fiscal year. Directs CNS also to: (1) serve as a clearinghouse for national service opportunities information; (2) assist States in placing applicants in out-of-State positions, if they are unable to place them in within-State positions; (3) assist Federal agencies in acquiring national service participants; (4) investigate claims of abuses in placement or administration; and (5) issue rules for administering and monitoring service performance and provision of service opportunities. Subtitle B: Provision of National Service Positions for Members of the Civilian Service and Senior Service - Directs each State Governor to: (1) prepare a national service plan for the State, specifying priorities; and (2) designate volunteer service areas in the State. Requires each volunteer service area to have a national service council. Requires such councils to: (1) recruit and place volunteers; (2) prepare and implement a plan for such purposes; (3) provide oversight; and (4) perform other duties. Conditions the provision of funds to a national service council upon its being certified and its volunteer recruitment and placement plan's being approved. Requires councils to consider agency effectiveness and community-basing in selecting service sponsors, i.e. the public agencies or public or nonprofit organizations with which the Civilian or Senior Service members are placed. Requires the Council to take measures to prevent worker displacement. Requires each State to establish grievance procedures for resolving complaints of regular employees or their representatives that placement of Service members violates such prohibitions of worker displacement. Provides for appeal of State decisions under such procedures to CNS. Authorizes CNS to require private nonprofit corporations to pay to CNS up to $1,000 per Service member placed in a position with such organization. Provides for reduction of such payment to reflect part-time or less than full-year service. Subtitle C: Administration of the Citizens Corps with regard to Service in the Armed Forces - Makes the Secretary of Defense responsible for administering the Citizens Corps with regard to service by Citizens Corps members in the armed forces, and to issue rules for such purpose within 60 days. Title III: Benefits for Participating in the Citizens Corps - Requires States and Federal agencies to provide $100 per week stipends to Civilian Service members. Requires CNS to provide such members with health insurance. Authorizes CNS to provide other appropriate support assistance. Requires States and Federal agencies to pay an hourly wage determined by CNS to Senior Service members. Authorizes CNS to provide other appropriate support assistance. Requires that Citizens Corps members serving in the armed forces receive 66 percent of the rate applicable to other armed forces members of the same pay grade and years of service, for their basic pay and basic allowances for subsistence and quarters. Makes such Citizens Corps members and graduates ineligible for specified benefits for other members and veterans of the armed forces. Establishes certain educational and housing benefits for those who complete Citizens Corps service in the Civilian Service or in the armed forces. Provides that such financial benefits shall be to assist such individuals to: (1) pursue a program of education or training at an educational institution or training establishment; or (2) purchase or construct a dwelling to be owned and occupied by such individuals as their primary residence. Excludes such assistance from gross income for income tax purposes. Sets the amount of such education and housing benefits for Civilian Service at not to exceed $10,000 for each year of the term of service completed. Allows CNS to provide portions of such assistance to individuals who are released from such service for just cause. Sets the amount of such education and housing benefits for Citizens Corps service in the armed forces at: (1) not to exceed $24,000 for completion of two years honorable service on active duty, if the member agrees to complete the honorable service obligation selected; and (2) not to exceed $12,000 for each year of satisfactory participation in training in the Selected Reserve, if the member agrees to complete the honorable service obligation selected. Allows the Secretary of Veterans Affairs to provide portions of such assistance to Citizens Corps members released with an honorable discharge from completing a service obligation in the armed forces. Limits the use of such assistance to the ten-year period after completion of service, unless it is determined that an individual was unavoidably prevented from using such assistance during such time period. Title IV: Miscellaneous Provisions - Entitles individuals who successfully complete terms of service in the Peace Corps or VISTA to educational and housing benefits. Provides that entitlement to benefits shall be in the same manner as for a member of the Civilian Service, even though such individuals are not members of such Service; but reduces such benefits to reflect the amount of compensation received by such volunteers over and above the amount of the stipend for Civilian Service members. Authorizes appropriations to carry out this Act for FY 1991 through 1993.

Affordable Housing Act

United States · United States Congress · 9 February 1989

Affordable Housing Act - Title I: Assistance for Affordable Housing - Directs the Secretary of Housing and Urban Development to provide construction and rehabilitation grants and operating assistance in order to expand and maintain the permanent supply of affordable housing for very low-income and other lower income families. Grants priority to homeless families. Sets forth program requirements, including recipient preferences, tenant rights, and assistance use restrictions. Requires an annual program report to the Congress. Authorizes FY 1990 through 1994 appropriations. Title II: Community Housing Partnership - Subtitle A: Housing Education and Organizational Support Grants for Community Based Housing Projects - Authorizes the Secretary to provide State and local and nonprofit entities with housing education and organizational support grants or loans. Authorizes FY 1990 through 1994 appropriations. Subtitle B: Community Housing Partnership Grants - Authorizes the Secretary to provide such entities with community housing partnership grants and loans. Sets forth project and activity eligibility provisions. Authorizes FY 1990 through 1994 appropriations. Subtitle C: General Provisions - Defines specified terms for purposes of this title. Title III: Revenue Measures - Amends the Internal Revenue Code to increase the rate of the alternative minimum tax for both corporate and noncorporate taxpayers. Amends provisions relating to the basis for calculating taxes on property a taxpayer acquires from a decedent to: (1) eliminate a special rule with respect to the stock of a domestic international sales corporation; (2) update the carryover basis rules to refer to property acquired from decedents dying after December 31, 1989; and (3) permit a tax exclusion of gain when an estate's executor uses certain appreciated carryover basis property to satisfy the right of a person to receive a pecuniary request. Repeals capital gains rules relating to foreign investment company stock acquired from a decedent. Requires estate executors to: (1) file information returns in connection with carryover basis property; and (2) provide written notice to recipients of such property. Prescribes penalties for failure to report.