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Taxation

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951 records in US in 1995

Records

Bill· HRH.R. 642 (104th)referred

To amend the Internal Revenue Code of 1986 to increase the unified credit against estate and gift taxes to an amount equivalent to a $1,000,000 exclusion.

United States · United States Congress · 23 January 1995

Amends the Internal Revenue Code to increase the unified credit against estate tax and gift tax. Revises the formula for the phase-out of graduated rates and the unified credit. Requires the executor of an estate to make a tax return where the estate exceeds $1 million (currently $600,000).

Bill· HRH.R. 635 (104th)referred

To amend the Internal Revenue Code of 1986 to expand the excise tax exemption for air transportation for the purpose of providing medical care.

United States · United States Congress · 23 January 1995

Amends the Internal Revenue Code to prohibit the imposition of any excise tax on air transportation for the purpose of providing medical care if such transportation is not scheduled and is not along regular routes. (Current tax law refers to such air transportation by helicopter.)

Bill· HJRESH.J.Res. 62 (104th)open

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 23 January 1995

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Declares that actual outlays include the cost to a State of any requirement imposed upon a State by Federal law that is not paid for by the Federal Government, and the cost to a State of complying with any condition imposed by Federal law on the receipt by a State of appropriated funds, other than a condition directly and substantially related to the purpose of the appropriation. Directs the President to submit a balanced budget. Waives the provisions of this amendment for any fiscal year in which a declaration of war is in effect or when the United States by law faces an imminent and serious military threat to national security. Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law. Requires roll call votes in the House and Senate under this amendment.

Resolution· SRESS.Res. 68 (104th)passed

A resolution relating to impact on local governments.

United States · United States Congress · 20 January 1995

Expresses the sense of the Senate that: (1) the Federal Government should not shift certain costs to the States, nor should States do so to local governments; (2) States should end imposition, without full legislative consideration, of mandates on local governments without adequate State funding; and (3) a primary objective of efforts to change relationships among these governmental levels should be to reduce taxes and spending at all levels and to end the practice of shifting costs from one level to another with little or no benefit to taxpayers.

Bill· HRH.R. 599 (104th)open

Bonneville Power Administration Appropriations Refinancing Act

United States · United States Congress · 20 January 1995

Bonneville Power Administration Appropriations Refinancing Act - Amends the Federal Columbia River Transmission System Act to prescribe guidelines under which the Administrator of the Bonneville Power Administration (BPA) is directed to refinance a certain appropriated debt by determining with the approval of the Secretary of the Treasury: (1) a new principal amount for such debt; (2) a new interest rate for such debt based on the Treasury rate for the old capital investment; and (3) a $100 million limit on prepayments of old capital investments before a certain date. Prescribes guidelines for interest rates for new capital investments. Amends the Confederated Tribes of the Colville Reservation Grand Coulee Dam Settlement Act to appropriate specified amounts to the Administrator in certain fiscal years so long as the Administrator makes annual payments to the Tribes under a certain settlement agreement. Directs the Administrator to offer to include provisions in future electric power service contracts that preclude further increases in the principal amount or interest rate obligations to the Government.

Bill· HRH.R. 602 (104th)open

Omnibus Territories Act

United States · United States Congress · 20 January 1995

TABLE OF CONTENTS: Title I: Territorial Administrative Cessation Act Title II: Authority Modifications Pursuant to Covenant of Northern Mariana Islands Title III: Insular Areas Consolidation Act Title IV: Conveyance of Submerged Lands to Northern Mariana Islands Title V: Guam World War II Loyalty Recognition Act Title VI: Delegate From Puerto Rico Title VII: Consultation of and Efforts to Include Territories Regarding Free Trade Agreements Omnibus Territories Act - Title I: Territorial Administrative Cessation Act - Territorial Administrative Cessation Act - Abolishes the Office of Territorial and International Affairs of the Department of the Interior. Title II: Authority Modifications Pursuant to Covenant of Northern Mariana Islands - Amends the Fair Labor Standards Act of 1938 to provide minimum wage coverage for the Commonwealth of the Northern Mariana Islands on the same basis as American Samoa. (Sec. 203) Treats the Northern Mariana Islands as a State for purposes of the Immigration and Nationality Act. Applies Federal statutes and regulations governing admission to Guam of certain workers described by such Act to individuals seeking entry into the Northern Mariana Islands for purposes of employment in the textile, hotel, tourist, or construction industries. Requires the Attorney General to limit the amount of immigrant workers in such industries to the number of such workers admitted into the Northern Mariana Islands in 1992. Authorizes an increase in such limit based on the percentage by which the current population exceeds that of the 1992 population. (Sec. 204) Removes the authority of the Northern Mariana Islands to rebate taxes. Title III: Insular Areas Consolidation Act - Insular Areas Consolidation Act of 1995 - Requires the State of Hawaii to include Baker Island, Jarvis Island, Johnston Atoll, Kingman Reef, Howland Island, the Midway Islands, and Palmyra Atoll. (Sec. 302) Subjects such islands, appurtenant reefs, and territorial waters to existing rights of use, ownership, and operation by the U.S. Government. (Sec. 303) Exempts such reef, islands, and atolls from provisions governing guano islands. (Sec. 305) Makes such consolidation subject to acceptance by the Governor of Hawaii. Title IV: Conveyance of Submerged Lands to Northern Mariana Islands - Makes specified provisions regarding the conveyance of tidelands, submerged lands, and filled lands currently applicable to Guam, the Virgin Islands, and American Samoa applicable to the Northern Mariana Islands as well. Title V: Guam World War II Loyalty Recognition Act - Guam World War II Loyalty Recognition Act - Sets forth requirements for claims for awards or benefits for compensable injuries suffered by Guamanians during World War II. (Sec. 502) Defines "compensable injury" as any of the three following categories of injury incurred during, or as a result of, World War II: (1) death; (2) personal injury; or (3) forced labor, forced march, or internment. (Sec. 503) Requires the Guam World War II Loyalty Recognition Trust Fund Board of Directors to determine eligibility for awards or benefits and certify claims for payment. (Sec. 504) Makes Guamanians who personally received compensable injuries eligible for awards and heirs or next of kin of such individuals eligible for benefits. Lists additional criteria to be met by claimants. Provides for payment for certified claims. (Sec. 505) Requires payment of the benefit (in cases where the relevant injury was death) to be divided among the heirs or next of kin claiming such payment, as provided in the Guam probate laws. (Sec. 506) Establishes the Guam World War II Loyalty Recognition Trust Fund and the Trust Fund Board of Directors for making disbursements under this Act. Permits the Board to make disbursements from the Trust Fund only: (1) to make payments of awards and benefits to eligible claimants; (2) to sponsor research and public educational activities relating to Guamanian wartime experiences; (3) to disburse funds as benefits to eligible claimants through a revolving fund for purposes such as post-secondary scholarships and first-time home ownership loans; and (4) for administrative expenses. (Sec. 510) Limits any remuneration on account of services rendered on behalf of any claimant in connection with any claim to five percent of the amount paid on such claim. Prescribes penalties for violations of such limit. (Sec. 512) Authorizes appropriations. Title VI: Delegate from Puerto Rico - Redesignates the Resident Commissioner to the United States from Puerto Rico as the Delegate from Puerto Rico. (Sec. 602) Reduces the term of office of the Delegate from four to two years. Title VII: Consultation of and Efforts to Include Territories Regarding Free Trade Agreements - Requires the President to: (1) consult with representatives chosen by the governors of Puerto Rico and the Virgin Islands regarding the process advanced by the Miami Summit of the Americas Declaration of Principles that would have an impact on such territories and include such representatives in the U.S. delegation to any working group or task force regarding such process, including the development of the Free Trade of the Americas agreement; (2) provide for the same consultation and inclusion of representatives with respect to American Samoa, Guam, and the Northern Mariana Islands regarding the process advanced by the Bogor Asia-Pacific Economic Cooperation (APEC) Leaders' Declaration of Common Resolve that would have any impact on such territories, including the goal of free trade among APEC members. (Sec. 702) Requires the President to grant American Samoa, Guam, the Northern Mariana Islands, and the Virgin Islands tariff treatment comparable to that granted to parties to the North American Free Trade Agreement (NAFTA) or other free trade agreements to which the United States becomes a party. Applies such requirement only if such a territory reaches a tariff staging agreement with the President that phases out tariffs between the territory and the United States in equal annual increments over a period not to exceed ten years. (Sec. 703) Requires, upon completion of such an agreement, that: (1) such territory be included in the U.S. customs territory; and (2) the President take steps necessary to include such territory in NAFTA and all other free trade agreements to which the United States is a party.

Bill· HRH.R. 613 (104th)referred

Tax Exemption Accountability Act

United States · United States Congress · 20 January 1995

Tax Exemption Accountability Act - Amends the Internal Revenue Code to impose a penalty tax, in the case of self-dealing transactions between disqualified persons and certain charitable tax-exempt organizations, on: (1) the organization; (2) the management; and (3) the beneficiary. Revokes the tax-exemption of such organizations for acts of self-dealing. Prohibits the net earnings of certain civic leagues and local associations from inuring to private shareholders or individuals. Increases the penalty on tax-exempt organizations for failure to file timely annual information returns. Increases the penalty for failure to permit public inspection of such returns. Directs the Secretary of the Treasury to establish a clearinghouse for public access to annual returns of exempt organizations.

Bill· SS. 250 (104th)referred

A bill to amend chapter 41 of title 28, United States Code, to provide for an analysis of certain bills and resolutions pending before the Congress by the Director of the Administrative Office of the United States Courts, and for other purposes.

United States · United States Congress · 19 January 1995

Amends the Federal judicial code to require the Director of the Administrative Office of the U.S. Courts to prepare an analysis of each bill or resolution reported by any congressional committee which shall include: (1) estimates of the litigation costs to the Federal and State courts, attorney fees, and increased liability incurred by Federal, State, and local government agencies and by the private sector that would result from enactment of such legislation in the fiscal year in which it is to become effective and in each of the four fiscal years thereafter; (2) the basis for each estimate; and (3) a description of each method for establishing a Federal financial commitment contained in such legislation. Makes such provisions inapplicable to any private legislation or legislation reported by the Appropriations Committees of each House. Requires: (1) the Director to submit the analysis to each appropriate committee, to the greatest extent practicable, before the committee files the applicable legislation reported by the committee; and (2) the committee to include the analysis in the committee report accompanying the applicable reported bill or resolution. Requires the Director, at the request of a Senator, to provide an analysis for any legislation not reported by a committee to be considered by the Senate and any amendment to be offered in the Senate. Specifies that it shall not be in order in the Senate to consider any legislation (other than private legislation) that is not reported by a committee and is to be considered by the Senate, and any amendment to be offered in the Senate other than one relating to appropriations, for which an analysis prepared by the Director has not been submitted to the appropriate committee or the Secretary of the Senate. Allows this provision to be waived or suspended in the Senate only by an affirmative vote of three-fifths of the Members.

Bill· SS. 246 (104th)referred

Welfare Reforms That Work Act

United States · United States Congress · 19 January 1995

TABLE OF CONTENTS: Title I: Initiatives to Move Welfare Recipients Into the Work Force Title II: Initiatives to Strengthen Families and Break the Cycle of Welfare Dependency Title III: Changes to Federal Laws and State Initiatives to Increase Child Support and Paternal Responsibility Title IV: Initiatives to Diversify and Improve the Performance of Welfare Services Title V: Offsetting Expenditure Reductions Welfare Reforms That Work Act - Establishes general application requirements for States desiring to conduct a five-year demonstration project under this Act. Prohibits disbursement of Federal funds for an approved project until the State submits an evaluation plan developed according to standards prescribed by the Secretary of Health and Human Services. Requires every such plan to provide for evaluation of the project by an independent expert entity, whose conclusions shall be included in the State's annual and final reports to the Secretary on the project. (Sec. 4) Requires the Secretary to evaluate each project, based on the State reports, and if any of the reforms in the projects is determined likely to achieve the purposes of this Act, to submit proposed legislation to the Congress to: (1) implement such reforms nationally if appropriate; or (2) give States the option of adopting a successful reform in a State plan approved under the Social Security Act, where the reform may be effective in some States but not in others. Directs the Secretary to establish a clearinghouse to collect and disseminate to State officials and the public current information on approved demonstration projects. (Sec. 5) Authorizes appropriations. Title I: Initiatives to Move Welfare Recipients Into the Work Force - Directs the Secretary to provide for demonstration projects which condition Aid to Families With Dependent Children (AFDC) benefits for certain individuals on school attendance or job training, limit the time period for receipt of such benefits, and require teenage parents to live at home. (Sec. 101) Limits such a project to families which: (1) include a parent under age 20; (2) include at least one dependent child of such parent; but (3) do not include a child under six months of age. Prohibits AFDC payments to such a family unless the teenage parent is for at least 35 hours a week: (1) attending school or studying for a general equivalency diploma; or (2) participating in a job, job training, or job placement program. Requires such parent, except in specified circumstances, to reside: (1) with his or her parent, legal guardian, or other adult relative in the latter's own home; or (2) in a foster home, maternity home, or other adult-supervised supportive living arrangement. Requires the AFDC payments, where possible, to be provided to the teenage parent's parent, guardian, or other adult relative on behalf of the individual and the individual's child. Entitles such a family to such aid for a State-determined appropriate period of time which shall, at a minimum, permit the individual to complete the required educational or job-related activities. (Sec. 102) Amends the Job Training Partnership Act to authorize the Secretary of Labor to enter into agreements with Federal, State, or local agencies, or private organizations, for the development of pilot projects to provide services at Job Corps centers to eligible youth whose families receive AFDC and who are mothers of children who have not reached the age of compulsory school attendance. Requires the Job Corps center to: (1) provide child care at or near the center for such individuals; and (2) require each such individual to participate in certain activities through a parents as teachers program operating parent education programs providing group meetings and home visits by experienced parent educators and periodic screening by them of the educational, hearing, and visual development of the children of such individuals. (Sec. 103) Directs the Secretary of Health and Human Services to provide for State demonstration projects requiring a parent or other relative of a dependent child, as part of the application process for AFDC, to undergo 30 days of assisted job search or substance abuse treatment (or both) before the family may receive aid. Limits such demonstration project to families: (1) all of whose dependent children are over six months of age; (2) for whom the State has made adequate child care available, as well as all fee payments for the job search or substance abuse treatment activities; and (3) for whom application of the project does not endanger the welfare and safety of a dependent child member of the family. (Sec. 104) Amends part A (Aid to Families With Dependent Children) of title IV of the Social Security Act (SSA) to require disregard as a resource for AFDC eligibility (except for a family's initial eligibility determination) of up to $10,000 in a qualified education and employment account established by the State to hold savings from the earned income of a dependent child or the child's parent in an AFDC family, qualified distributions from which may be used for expenses directly related to secondary or postsecondary school attendance or to improving the employability of family members. Requires disregard as income of any qualified distributions from such an account. (Sec. 105) Amends the SSA and the Internal Revenue Code to require a State plan to: (1) permit certain participants in a State self-employment program a one-time election to purchase capital equipment for a small business in lieu of a depreciation deduction for income tax purposes; and (2) treat repayments by such persons of the principal portion of small business loans as business expenses. Directs the Secretary to provide for State demonstration projects under which one or more partnerships are developed between State agencies and community businesses or educational institutions to provide technical assistance to: (1) eligible self-employed AFDC recipients; and (2) eligible participants in the establishment and operation of child care centers in the home or in the community. Directs the Secretary to provide for State demonstration projects to promote the ownership of family-owned businesses by AFDC recipients. (Sec. 106) Amends part F (Job Opportunities and Basic Skills Training Program) of SSA title IV to declare that it is the purpose of such part to encourage individuals receiving education and training to enter the permanent work force by developing programs through which they enter the work force and then receive post-employment education and training. (Sec. 107) Directs the Secretary to provide for additional State demonstration projects to better move AFDC recipients into the work force. Title II: Initiatives to Strengthen Families and Break the Cycle of Welfare Dependency - Directs the Secretary to provide for State demonstration projects to establish child-centered programs through conversion of certain AFDC and JOBS payments into block grants. (Sec. 201) Requires the Secretary to make payments, according to a specified formula, to a State for such projects in lieu of all AFDC and JOBS payments to which the State would otherwise be entitled. Specifies the kinds of programs for which such block grants may be used, including: (1) residential programs for teenage mothers with dependent children where education, job training, community service, or other employment is found; (2) certain pilot projects (authorized by this Act) at Job Corps centers providing services to eligible teenage AFDC recipients whose children have not reached the age of compulsory school attendance; (3) programs for adoption of neglected or abused children; (4) expanded child care assistance for children of needy working parents; (5) residential schooling for children from needy families; and (6) other services provided directly to children from needy families. Requires the Secretary to ensure that each State uses its grant to the fullest extent possible to support community-based services. (Sec. 202) Directs the Secretary to provide for demonstration projects: (1) providing no additional benefits with respect to children born while a family is receiving AFDC, but allowing increases in the earned income disregard; (2) waiving certain work history and related requirements for a parent of a dependent child who is married to the child's natural parent; (3) increasing the stepparent earned income disregard; (4) reducing AFDC benefits if school attendance is irregular or preventive health care for dependent children is not obtained; (5) developing community-based programs for teenage pregnancy prevention and family planning; and (6) developing additional programs to strengthen families and break the cycle of welfare dependency. Title III: Changes to Federal Laws and State Initiatives to Increase Child Support and Paternal Responsibility - Directs the Secretary to provide for demonstration projects to: (1) develop a program to increase paternity establishment; and (2) increase child support collection efforts. Title IV: Initiatives to Diversify and Improve the Performance of Welfare Services - Directs the Secretary to provide for demonstration projects to: (1) provide placement of AFDC recipients in private sector jobs; and (2) establish performance-based incentives for State public welfare providers. Amends the Electronic Fund Transfer Act to prohibit the Board of Governors of the Federal Reserve System from applying to electronic benefit transfers established under a State or local governmental entitlement program certain disclosures, protections, responsibilities, and remedies (including, in effect, the liability limits currently applicable to private sector ATM and consumer credit cards), unless the payment under such program is made directly into a consumer's account held by the recipient. Exempts from such prohibition employment-related payments established by Federal, State, or local governments. Title V: Offsetting Expenditure Reductions - Amends the Food Security Act of 1985 to eliminate the "three-entity" rule (which allows an individual agricultural producer to form two other business entities with two other individuals to multiply the number of maximum agricultural subsidies of which the producer can take advantage). Requires the Secretary of Agriculture, in the case of corporations and other entities, to attribute all Federal agricultural payments to natural persons in proportion to their ownership interests in an entity and in any other entity, or partnership, that owns or controls the entity, or partnership, receiving the payments.

Bill· HRH.R. 567 (104th)referred

To require that the President transmit to Congress, that the congressional Budget Committees report, and that the Congress consider a balanced budget for each fiscal year.

United States · United States Congress · 19 January 1995

TABLE OF CONTENTS: Title I: Amendment to Title 31, United States Code Title II: Amendment to Congressional Budget Act of 1974 Title III: Effective Date Title I: Amendment to Title 31, United States Code - Amends Federal law to require that any budget submitted by the President not be in deficit. Provides that if the President determines that a balanced budget is not feasible, and submits written reasons in support of such determination, then the President may submit two budgets, one in compliance and one in deficit. Title II: Amendment to Congressional Budget Act of 1974 - Amends the Congressional Budget Act of 1974 to require that any budget submitted by the congressional Budget Committees not be in deficit. Provides that if either committee determines that it is infeasible to submit a balanced budget, then such committee may submit two budgets, one of which is in deficit, together with written reasons for such determination. Requires each concurrent resolution on the budget to contain reconciliation directives necessary to implement the resolution. Sets forth requirements for the Committee on Rules of the House of Representatives, if it reports any rule or order providing for the consideration of any concurrent resolution on the budget. Makes it always in order in the Senate to consider a budget resolution consisting of the text of a budget submitted by the President. Title III: Effective Date - Makes this Act effective for the concurrent resolution on the budget for FY 1997.

Bill· HRH.R. 568 (104th)open

To amend title 10, United States Code, to provide for improved treatment of future actuarial gains and losses to the Department of Defense Military Retirement Fund.

United States · United States Congress · 19 January 1995

Amends provisions relating to the Department of Defense Military Retirement Fund to require the Secretary of Defense to pay into the Fund at the beginning of each fiscal year amounts under the most recent amortization schedule for the amortization of cumulative unfunded liabilities or gains or cumulative actuarial gains or losses to the Fund attributable to military service performed on or after October 1, 1984. Makes such provision effective for payments into the Fund for FY 1997.

Bill· HRH.R. 593 (104th)referred

Senior Citizens' Tax Relief Act of 1995

United States · United States Congress · 19 January 1995

Senior Citizens' Tax Relief Act of 1995 - Amends the Internal Revenue Code to increase the limitation on the one-time exclusion of gain from the sale of a principal residence by an individual who has attained age 55 and provide a cost-of-living adjustment for such amount. Increases the unified credit against the estate tax and the unified credit against the gift tax and provides a cost-of-living adjustment for such credits. Reduces the capital gains tax for a taxpayer other than a corporation by allowing the deduction of 50 percent of the net capital gain. Provides for computing such deduction for estates and trusts. Disallows such deduction against the minimum tax.

Bill· HRH.R. 577 (104th)referred

To amend the Internal Revenue Code of 1986 to provide a tax credit for the production of oil and gas from existing marginal oil and gas wells and from new oil and gas wells.

United States · United States Congress · 19 January 1995

Amends the Internal Revenue Code to allow a business tax credit for producing crude oil and natural gas from new wells and marginal wells. Provides: (1) a formula for reducing such credit in years in which oil and gas prices increase; and (2) an inflation adjustment for such formula. Allows such credit against the regular and minimum tax.

Bill· HRH.R. 582 (104th)referred

Independent Contractor Tax Fairness Act of 1995

United States · United States Congress · 19 January 1995

Independent Contractor Tax Fairness Act of 1995 - Amends the Internal Revenue Code to provide for determining the employment status of individuals as employees for purposes of employment taxes. Requires a written qualified agreement in order for an individual who performs services for another (the service-recipient) to not be treated as an employee and sets forth the following conditions, of which at least one must be met, for the individual to not be treated as an employee and the service-recipient to not be treated as an employer: (1) the individual can realize a profit or loss as a result of services performed for the service-recipient; (2) the individual maintains a separate principal place of business and has a significant investment in facilities or tools, which are not typically maintained by employees, used to perform services; (3) the services performed by the individual are available to the general public and the individual has performed such services other than as an employee for at least one other service-recipient during the year or the preceding calendar year; or (4) the individual is paid exclusively on a commission basis and maintains his or her principal place of business other than at the service recipient's place of business or pays fair market rental value for his or her principal place of business if such place is the service-recipient's place of business. Requires the qualified agreement to specify, among other things: (1) which services will be provided, the duration of such services, and the remuneration to be paid for such services; (2) that the service provider is aware of his or her Federal tax obligations; and (3) that the service-recipient will maintain a separate accounting of the income and expenses related to such agreement. Codifies section 530 of the Revenue Act of 1978, with revisions. Increases the penalty on service-recipients for failure to furnish information returns on services performed by independent contractors. Requires the Secretary of the Treasury to propose legislation to the Congress which specifies objectively measurable criteria for determining whether an individual is an employee. Declares the intent of the Congress that such criteria allow taxpayers maximum latitude in determining employment status. Requires the Secretary to report to the Congress on efforts being made to give taxpayers such latitude.

Bill· HRH.R. 578 (104th)referred

To amend the Internal Revenue Code of 1986 to treat geological, geophysical, and surface casing costs like intangible drilling and development costs, and for other purposes.

United States · United States Congress · 19 January 1995

Amends the Internal Revenue Code to provide that in the case of oil and gas wells, the tax treatment which applies to intangible drilling and development costs shall also apply to surface casing costs and to geological and geophysical costs for the purpose of ascertaining the existence, location, extent, or quality of any deposit of oil or gas within the United States or a possession of the United States.

Bill· HJRESH.J.Res. 58 (104th)open

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 19 January 1995

Constitutional Amendment - Prohibits the Congress from increasing the limit on the public debt of the United States without the approval of three-fifths of each House of Congress. Prohibits any bill to increase tax revenue from becoming law unless approved by three-fifths of each House. Waives these provisions when a declaration of war is in effect or when the United States by law is engaged in military conflict.

Bill· HJRESH.J.Res. 60 (104th)open

Proposing an amendment to the Constitution of the United States relating to a Federal balanced budget.

United States · United States Congress · 19 January 1995

Constitutional Amendment - Prohibits total outlays from exceeding total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Declares that total receipts include all receipts of the United States except those derived from borrowing or retirement trust funds. Declares that total outlays include all outlays except those for retirement trust funds or repayment of debt principal. Directs the President to submit a balanced budget. Waives these provisions when a declaration of war is in effect. Requires roll call votes in the House and Senate under this amendment. Makes this amendment effective the second fiscal year after its ratification. Declares that if there is a Federal budget deficit for the first fiscal year beginning after its ratification, then during the next five fiscal years, the annual budget deficit may not exceed specified percentums of that budget deficit for each of those years.

Bill· HJRESH.J.Res. 57 (104th)open

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 19 January 1995

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Directs the President to submit a balanced budget. Waives these provisions when a declaration of war is in effect or when the United States by law is engaged in military conflict. Declares that total receipts do not include receipts (including attributable interest) of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplemental Medical Insurance Trust Fund, or any successor funds. Declares that total outlays do not include outlays for disbursements of such trust funds. Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law. Requires roll call votes in the House and Senate under this amendment.

Bill· SS. 237 (104th)referred

Deficit and Debt Reduction and Health Care Financing Act of 1995

United States · United States Congress · 18 January 1995

TABLE OF CONTENTS: Title I: Value Added Tax Title I: Surplus Revenues Deficit and Debt Reduction and Health Care Financing Act of 1995 - Title I: Value Added Tax - Amends the Internal Revenue Code to impose a five percent tax on taxable transactions (such tax to be known as a value added tax). Describes taxable transactions as the sale, import, or export of certain property or services. Sets forth rules for the administration of such tax. Title II: Surplus Revenues - Establishes the Deficit Reduction and Health Care Reform Trust Fund. Appropriates to such Fund 80 percent of the revenues from the value added tax to reduce the public debt and 20 percent to carry out Federal health care reform programs.

Bill· SS. 242 (104th)referred

Higher Education Tax Relief Act of 1995

United States · United States Congress · 18 January 1995

Higher Education Tax Relief Act of 1995 - Amends the Internal Revenue Code to allow a tax deduction for the sum of qualified higher education expenses and interest on qualified higher education loans. Provides limitations on both amounts. Allows such deduction in computing adjusted gross income.

Bill· HRH.R. 561 (104th)referred

Consumer Reporting Reform Act of 1995

United States · United States Congress · 18 January 1995

TABLE OF CONTENTS: Title I: Amendments to Fair Credit Reporting Act Title II: Credit Repair Organizations Title III: Truth in Lending Act Title I: Amendments to Fair Credit Reporting Act - Consumer Reporting Reform Act of 1995 - Amends the Fair Credit Reporting Act (the Act) to: (1) define the terms "adverse action" and "firm offer of credit"; and (2) specify that the term "credit transaction which is not initiated by the consumer" does not include use of a consumer report (CR) by a person with which the consumer has an account for purposes of reviewing or collecting the account. (Sec. 102) Excludes certain communications by employment agencies from the definition of "consumer report." (Sec. 103) Allows the furnishing of a CR for: (1) a legitimate business need in connection with a business transaction that is initiated by the consumer; and (2) employment purposes only if certain disclosures are made, the consumer consents, and the information will not be used in violation of any Federal or State equal employment opportunity law or regulation. Permits the furnishing or use of a CR for employment purposes only if the employment is expected to require: (1) a Federal security clearance; (2) an employee to be covered by a fidelity bond; or (3) an employee to have access to substantial amounts of cash or other things of value or to engage in any activity with respect to which the employee has a fiduciary duty. (Sec. 104) Prohibits: (1) using or obtaining information from a CR unless it is obtained for an authorized purpose and the purpose is certified under certain provisions of the Act; (2) the furnishing of a CR for use in credit transactions not initiated by the consumer; and (3) a credit reporting agency (CRA), in connection with employment or credit transaction purposes, from furnishing, without the consumer's consent, a CR which contains medical information. Requires CRAs to maintain a notification system, including a toll-free telephone number, which permits any consumer to elect to be excluded from lists provided in connection with solicitations of credit not initiated by the consumer. Prohibits a CRA from furnishing a consumer report for use for a direct marketing transaction which is not initiated by the consumer. (Sec. 106) Removes exceptions to prohibitions on reporting obsolete information. (Current law prohibits reporting information which is over a specified number of years old, except for credit transactions, life insurance, or employment involving amounts over specified limits.) Regulates the beginning of the seven-year reporting period for certain types of information. Requires CRAs to include in CRs information that a consumer voluntarily closed an account and to indicate any information that is disputed by a consumer. Includes in CRs and CRA consumer files any information regarding failure of a consumer to make payment on an account that was due in a period during which such consumer was receiving disaster assistance or unemployment compensation if, the consumer requests the inclusion of such information and provides documentation regarding the receipt of such assistance or compensation. (Sec. 107) Prohibits a person who procures a CR from reselling the information unless the identity of the end user and the purpose is disclosed to the CRA. (Sec. 108) Requires a CRA to: (1) disclose to a consumer all information in the consumer's file, certain information about the recipients of a CR, the permissible purpose for which each recipient procured a CR, a record of inquiries in the last year that identified the consumer in connection with a credit transaction which was not initiated by the consumer, and, with any such disclosures, a summary of the consumer's rights under the Act; and (2) unless the dispute is frivolous or irrelevant, reinvestigate disputed information free of charge or delete the item from the file, notify the information furnisher, delete inaccurate, incomplete, or unverifiable information, and notify the consumer of the results of the reinvestigation. (Sec. 109) Requires CRAs, upon request of a consumer, to provide at least one free CR to a consumer during the 12-month period after the consumer receives a notification of the deletion of inaccurate or unverifiable information. Requires certain CRAs to implement automated reinvestigation systems. (Sec. 110) Regulates charges by CRAs for certain disclosures. Provides for certain free disclosures to a consumer if the consumer certifies that he or she is unemployed or is a recipient of public welfare assistance or has reason to believe that the consumer file is inaccurate due to fraud. (Sec. 111) Requires any person who takes an adverse action with respect to a consumer in connection with a transaction initiated by the consumer or an employment determination to notify the consumer, disclose the identity of the CRA furnishing the report, and advise the consumer of certain rights. Provides for certain notifications and disclosures to consumers in cases where adverse actions are taken by affiliates of users of credit information. Specifies the duties of persons taking certain actions based on information provided by affiliates. (Sec. 112) Subjects any person (currently, any CRA or user of information) to civil liability for willful or negligent noncompliance with the Act. (Sec. 113) Sets forth: (1) duties of furnishers of information to CRAs, including a prohibition on furnishing information which the furnisher should have known is incomplete or inaccurate; and (2) provisions regarding investigative consumer reports. Increases criminal penalties for obtaining information under false pretenses. (Sec. 117) Authorizes State civil actions to enforce the Act, subject to a specified limitation. (Sec. 119) Preempts any State law relating to CR and CRA requirements imposed under this Act with specified exceptions. (Sec. 120) Allows the Federal Trade Commission (FTC) to modify or make more stringent certain requirements if found necessary for the protection of consumers. (Sec. 121) Amends the Fair Debt Collection Practices Act to provide exceptions to certain debt collection practices with respect to communications. (Sec. 122) Amends the Fair Credit Reporting Act to authorize the furnishing of consumer reports to certain officials for purposes relating to child support. (Sec. 123) Requires a CRA to identify financial institutions at which a consumer maintains or has maintained an account for purposes of foreign counterintelligence investigations. Authorizes a court, if requested by the Director of the Federal Bureau of Investigation (FBI), to issue an order directing a CRA to furnish a CR to the FBI upon a showing in camera that: (1) the CR is necessary for an authorized foreign counterintelligence investigation; and (2) there are facts giving reason to believe that the consumer whose CR is sought is a foreign agent and is engaging or has engaged in international terrorism or clandestine intelligence activities that may involve a criminal violation. Limits the FBI's use of such CRs and sets forth prohibitions on disclosure. Permits disclosure to the consumer upon completion of the FBI investigation. Makes the FBI or the Department of Justice liable to the consumer for damages for disclosure violations. Terminates court order provisions of this section five years after this Act's enactment. Title II: Credit Repair Organizations - Amends the Consumer Credit Protection Act to provide that specified provisions of that Act may be cited as the Credit Repair Organizations Act. (Sec. 201) Prohibits: (1) advising any consumer to make an untrue or misleading statement, or to alter the consumer's identification to prevent the display of the consumer's credit record; (2) other fraud or deception; and (3) a credit repair organization (CRO) from charging or receiving valuable consideration for any service before such service is fully performed. Specifies a statement which a CRO must provide to consumers before an agreement is executed regarding the consumer, the CRO, and related rights, powers, and obligations. Requires written, signed contracts covering specified matters in order for a CRO to provide services. Allows a consumer to cancel a contract with a CRO within three business days of making the contract. Declares void any consumer waiver of any protection under this title. Makes an attempt to obtain a waiver a violation of this title. Voids any contract not in compliance with this title. Provides for civil liability for failing to comply with this title, including allowing punitive damages and class actions. Requires enforcement of this title under the Federal Trade Commission Act (FTCA) by the FTC. Makes: (1) a violation of this title an unfair or deceptive act or practice in violation of specified provisions of the FTCA; and (2) all functions and powers of the FTC available for enforcement of this title. Establishes a statute of limitations for actions to enforce liability under this title. Title III: Truth in Lending Act - Amends the Truth in Lending Act to include certain intangible taxes and delivery fees as finance charges for purposes of consumer credit cost disclosure. Declares that creditors have no civil or criminal liability, and that consumers have no extended rescission rights, due to a creditor's improper disclosure of such taxes and fees for transactions consummated prior to February 1, 1995.

Bill· HJRESH.J.Res. 55 (104th)open

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 18 January 1995

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Directs the President to submit a balanced budget. Waives these provisions when a declaration of war is in effect or when the United States by law is engaged in military conflict. Declares that total receipts do not include receipts (including attributable interest) of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, or any successor funds. Declares that total outlays do not include outlays for disbursements of such trust funds. Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law. Requires roll call votes in the House and Senate under this amendment.

Bill· HRH.R. 530 (104th)referred

Student Loan Evaluation and Stabilization Act of 1995

United States · United States Congress · 17 January 1995

Student Loan Evaluation and Stabilization Act of 1995 - Amends the Higher Education Act of 1965 with respect to student loan programs. (Sec. 3) Revises the Federal Direct Student Loan program to limit the proportion of loans made under such program: (1) for academic year 1994-1995, to five percent of the new student loan volume for such year; and (2) for academic year 1995-1996 and any succeeding fiscal year, to loans to students and parents of students attending eligible institutions which have applied and been accepted for institutional participation in such program on or before December 31, 1994. Eliminates provisions for selecting additional institutions to participate in such pilot program. Reduces the maximum amount of funds for administrative expenses of such program allowed for certain periods. Revises the items which such funds must cover, including the costs of annually assessing such program and payment of an administrative cost allowance for the expenses of guaranty agencies in servicing outstanding loans in their portfolios and in guaranteeing new loans. Revises provisions for congressional oversight of program administration, by providing for funding triggers which allow administrative funds to be obligated only in such amounts and according to such schedule as specified in the appropriations Act for the Department of Education after submission by the Department of a detailed proposal for such expenditures. Requires a guaranty agency to: (1) submit a specified application before obtaining an administrative cost allowance from such funds; (2) expend such allowance only for specified purposes; and (3) elect a payment rate on the basis of one of two specified formulas. Provides for ratable reductions of such allowances when total payments exceed a specified level. Directs the Secretary of Education to provide a detailed quarterly report of all such expenditures to specified congressional committee chairs. Requires such report to specifically identify all contracts entered into by the Department for services supporting the Federal Family Education Loan (FFEL) Program and the Federal Perkins Loan Program, as well as the current and projected costs of such contracts. Eliminates the transition to the Federal Direct Loan Program. (Sec. 4) Sets forth conditions under which: (1) Federal Perkins Loan borrowers can obtain FFEL consolidation loans; and (2) FFEL borrowers can obtain Federal direct consolidation loans. (Sec. 5) Revises provisions relating to reserve fund programs. (Sec. 6) Sets institutional default rate limitations on direct lending. (Sec. 7) Provides for applications for FFEL loans using the free Federal application form, which is already in use for other types of student aid. Allows such form to be in an electronic or any other format, subject to certain conditions, in order to facilitate use by borrowers and institutions. Provides for authorized guaranty agencies to receive such form. (Sec. 8) Amends the Congressional Budget Act to prescribe a formula for determining the cost of a direct loan on the basis of the net present value, at the time the direct loan is disbursed, of specified types of cash flows for the estimated life of the loan.

Bill· HRH.R. 537 (104th)referred

To amend the Internal Revenue Code of 1986 to index the basis of certain assets acquired on or after January 1, 1995, for purposes of determining gain, and for other purposes.

United States · United States Congress · 17 January 1995

Amends the Internal Revenue Code to require indexing, based on the consumer price index, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Declares that gain from the sale or disposition of an indexed asset held for more than one year shall not be taken into account for purposes of determining the amount allowed as a deduction for investment interest. Provides for the recapture of the depreciation amount in the case of gain from the sale of an indexed asset. Allows a taxpayer, other than a corporation that holds any readily tradable security on January 1, 1995, to treat such security as having been sold on the last business day before such date for an amount equal to its closing market price on such last business day (and as having been reacquired on such last business day for an amount equal to such closing market price).

Bill· HRH.R. 538 (104th)referred

Citizens' Tax Relief Act of 1995

United States · United States Congress · 17 January 1995

Citizens' Tax Relief Act of 1995 - Amends the Internal Revenue Code to reduce the lowest rate of income tax imposed on taxpayers other than corporations. Repeals the rule relating to determining the basis of property acquired from a decedent. Provides for determining such basis under rules applicable to gifts and transfers in trusts. Revises and reduces the current maximum capital gains tax on inherited property. Allows an exclusion of gain from gross income from the sale of a principal residence acquired from a decedent.

Bill· HRH.R. 532 (104th)referred

To amend the Internal Revenue Code of 1986 to provide an inflation adjustment for the amount of the maximum benefit under the special estate tax valuation rules for certain farm, etc., real property.

United States · United States Congress · 17 January 1995

Amends the Internal Revenue Code to provide a cost-of-living adjustment for the limitation on the aggregate reduction in the fair market value of qualified real property under the special estate tax valuation rules for certain farm property.

Bill· HRH.R. 528 (104th)open

Church Retirement Benefits Simplification Act of 1995

United States · United States Congress · 17 January 1995

Church Retirement Benefits Simplification Act of 1995 - Amends the Internal Revenue Code to recodify and revise qualifications for church retirement and pension plans. Makes employee contributions to such plans nonforfeitable. Requires the plan to meet minimum vesting requirements. Recodifies the authority of a church or a convention or association of churches to be treated as an employer making contributions to retirement income accounts. Subjects church-related hospitals and universities to certain coverage and related rules in the case of a contract purchased by a church. Requires distributions from retirement income accounts provided by churches to be in accordance with distributions under cash or deferred arrangements. Provides for determining the beginning date for such distributions. Allows self-employed ministers and chaplains who work for non-church employers to participate in their church plans. Provides that certain rules aggregating employees do not apply to churches. Restores qualified voluntary employee contributions to church plans. Treats self-employed ministers as employees for purposes of certain welfare benefit plans and retirement income accounts. Allows a deduction for contributions to retirement income accounts by such ministers. Provides that a church plan maintained by more than one employer shall not be treated as a single plan. Provides that accounting methods of deferred compensation plans of State and local governments and tax-exempt organizations do not apply to a church plan. Exempts a church plan from the requirement to maintain separate accounts for medical benefits for key employees. Provides that the special rules for computing employee contributions to pension plans do not apply to certain foreign missionaries. Repeals the elective deferral catch-up limitation for church retirement income accounts. Allows church plans to annuitize benefits and increase benefit payments. Provides that rules for self-insured medical reimbursement plans are not applicable to church plans. Provides that retirement benefits of ministers are not subject to the tax on net earnings from self-employment.

Bill· HRH.R. 523 (104th)open

Land Preservation Tax Fairness Act of 1995

United States · United States Congress · 13 January 1995

Land Preservation Tax Fairness Act of 1995 - Amends the Internal Revenue Code to require taking into account, for purposes of determining gain, the entire adjusted basis of property sold to a tax-exempt charitable organization as conservation property. Provides for determining the fair market value of restrictions on such property for purposes of determining the allowable deduction.

Bill· HRH.R. 522 (104th)open

Federal Open Space Acquisition and Preservation Act of 1995

United States · United States Congress · 13 January 1995

Federal Open Space Acquisition and Preservation Act of 1995 - Amends the Internal Revenue Code to allow a credit against estate taxes for certain transfers of real property to Federal agencies for conservation purposes. Disallows a deduction under estate tax provisions for a transfer for which such credit has been taken.

Bill· HRH.R. 513 (104th)open

Welfare and Teenage Pregnancy Reduction Act

United States · United States Congress · 13 January 1995

Welfare and Teenage Pregnancy Reduction Act - Amends title IV of the Social Security Act to repeal part A (Aid to Families with Dependent Children) (AFDC) and replace it with a program of block grants to States for such families. Authorizes appropriations to the Secretary of Health and Human Services for such grants. Prohibits the use of grant funds to provide assistance with respect to a dependent child if: (1) the mother or father has not reached age 19; or (2) the paternity or maternity of such child has not been established. Declares that, during the first year following arrival in a State from another State of a family with a dependent child, the State may apply its own rules or the rules of that other State. Authorizes the Secretary to suspend or withhold part or all of a grant to a State for a fiscal year if, after reviewing the State's annual report on its program, the Secretary determines that the State program has not, during the immediately preceding fiscal year, adequately met the needs of such families. Directs the Secretary to take necessary action to ensure that, for each fiscal year, the total administrative costs of the AFDC program, as revised by this Act, shall not exceed half of the total administrative costs of the AFDC program as in effect for FY 1994.

Bill· HRH.R. 519 (104th)referred

Freedom and Self-Determination for the Former Soviet Union Act

United States · United States Congress · 13 January 1995

Freedom and Self-Determination for the Former Soviet Union Act - Prohibits foreign assistance from being obligated or expended for Russia for any fiscal year unless the President certifies to the Congress for such fiscal year that: (1) the President has received satisfactory assurances from the Government of Russia, which have been confirmed by the Federal Bureau of Investigation, that Russia's intelligence activities in the United States are confined to routine, non-adversarial information gathering; (2) Russia is making progress toward the unconditional implementation of the Russian-Moldovan troop withdrawal agreement and that the Russian Government is not providing military assistance to any military forces in the Transdniestra region of Moldova; (3) Russian troops in the Kaliningrad region of Russia are respecting the sovereign territory of Lithuania and neighboring countries and are not offensively postured against any other countries; (4) the activities of Russia in the independent states of the former Soviet Union do not represent an attempt by Russia to diminish the sovereignty and independence of such states; (5) Russia is not providing military assistance to any Bosnian Serb military units or to the Government of the Federal Republic of Yugoslavia; (6) the Russian Government has ceased the unilateral demarcation of the border between Russia and Estonia, is engaged in dialogue with Estonia to resolve the border dispute, and has demonstrated a willingness to submit this issue to international arbitration; (7) Russia is not providing any intelligence information to Cuba or assistance to Cuba with respect to the signal intelligence facility at Lourdes; (8) Russia is not providing goods or technology which could contribute to the acquisition of chemical, biological, nuclear, or advanced conventional weapons to Iran, Iraq, Syria, or other countries whose governments have provided support for international terrorism; (9) Russia is in compliance with a specified convention regarding biological weapons and the Wyoming Memorandum of Understanding on chemical weapons; and (10) Russia is committed to reforming the Russian economy along free-market lines. Prohibits, with respect to FY 1995 and 1996, obligating or expending foreign assistance for Russia unless the President certifies to the Congress that the Russian Government has: (1) ceased its military offensive in Chechnya and is committed to resolving the status of Chechnya through negotiations; and (2) provided a full accounting of the espionage activities of Aldrich Ames and has reimbursed the United States for amounts paid to Rosario Ames since her arrest. Requires the President and the Comptroller General to report to the Congress for each fiscal year: (1) the amount of foreign assistance provided to Russia for the preceding fiscal year; (2) a detailed accounting of the amount of foreign assistance appropriated which has not been expended and its status; and (3) an estimate of the total amount of capital exported from Russia during the previous fiscal year and an analysis of reasons for such export. Directs the President to instruct the U.S. executive directors of the international financial institutions to oppose assistance to Russia unless Russia is in compliance with this Act's requirements.

Bill· HRH.R. 509 (104th)open

To amend title 10, United States Code, to ensure proper classification as employees and independent contractors of persons awarded Federal procurement contracts.

United States · United States Congress · 13 January 1995

Amends Federal armed forces provisions to: (1) make persons who willfully misclassify an individual for purposes of any employment tax ineligible for any defense contract; (2) require a person who submits a bid or proposal for a defense contract to certify that the amount of the bid or proposal is adequate to pay all employment taxes with respect to all work to be performed under the contract by the contractor's employees; (3) require each defense contract to include a requirement that the contractor provide certain notifications to each person who performs work under the contract and who is treated as an independent contractor for purposes of employment taxes; and (4) allow a person who submits a bid or proposal for a defense contract and who suffers damages as a result of the award of the contract to a person who knowingly and willfully submits a false certification to bring an action for damages against the person awarded the contract in any U.S. district court in which the defendant is located.

Bill· HRH.R. 510 (104th)open

Misclassification of Employees Act

United States · United States Congress · 13 January 1995

Misclassification of Employees Act - Amends the Internal Revenue Code to provide for the waiver of employment tax liability for employers for any period if: (1) the employer did not treat an individual as an employee for purposes of employment taxes; (2) the treatment of such individual was based on a reasonable good faith misapplication of the common law rules used for determining the employer-employee relationship; (3) Federal tax returns for such period were filed on a basis consistent with the treatment of such individual as not being an employee; (4) the employer (and any predecessor) did not treat any other individual holding a substantially similar position as an employee for employment tax purposes after December 31, 1977; and (5) the employer enters into a closing agreement with, and monitored by, the Secretary of the Treasury with respect to treating such individual as an employee. Amends the Revenue Act of 1978 (relating to controversies involving whether individuals are employees for purposes of employment taxes) to require an employer to have a reasonable basis for not treating an individual as an employee. Requires the use of a recent prior audit as a reasonable basis. Excludes certain skilled technical personnel from such tax treatment. Removes the prohibition against regulations and rulings on employment status. Amends the Internal Revenue Code to set forth additional information to be included on statements covering payments for services. Provides for the determination of whether an individual is an employee of another person for purposes of unemployment compensation.

Bill· HRH.R. 508 (104th)referred

To amend the Federal Property and Administrative Services Act of 1949 to ensure proper classification as employees and independent contractors of persons awarded Federal procurement contracts.

United States · United States Congress · 13 January 1995

Amends the Federal Property and Administrative Services Act of 1949 to: (1) make persons who willfully misclassify an individual for purposes of any employment tax ineligible for any Government contract; (2) require a person who submits a bid or proposal for a Government contract to certify that the amount of the bid or proposal is adequate to pay all employment taxes with respect to all work to be performed under the contract by the contractor's employees; (3) require each Government contract to include a requirement that the contractor provide certain notifications to each person who performs work under the contract and who is treated as an independent contractor for purposes of employment taxes; and (4) allow a person who submits a bid or proposal for a Government contract and who suffers damages as a result of the award of the contract to a person who knowingly and willfully submits a false certification to bring an action for damages against the person awarded the contract in any U.S. district court in which the defendant is located.

Bill· HRH.R. 501 (104th)referred

Farm Estate Fairness Act

United States · United States Congress · 13 January 1995

Farm Estate Fairness Act - Amends the Internal Revenue Code with respect to estate tax valuation to allow a qualified heir to rent the property to a member of the heir's family on a net cash basis.

Bill· HRH.R. 512 (104th)referred

To amend the Internal Revenue Code of 1986 to reduce the capital gains tax on stock of domestic corporations engaged in manufacturing and to index the basis of such stock for inflation.

United States · United States Congress · 13 January 1995

Amends the Internal Revenue Code to reduce the rate of the individual and corporate capital gains tax on the sale or exchange of stock of qualified domestic manufacturers. Provides for indexing the basis of such stock which has been held for more than three years.

Bill· SS. 204 (104th)referred

Federal Buildings Reform Act of 1995

United States · United States Congress · 11 January 1995

Federal Buildings Reform Act of 1995 - Amends the Public Buildings Act of 1959 to require the Administrator of General Services to submit to the Congress a biennial public buildings plan, including: (1) a five-year plan for accommodating the public building needs of the Government; (2) lists (in order of priority) of construction, alteration, purchase, and acquisition projects and of leases for which authorizations of appropriations are requested for specified fiscal years; (3) the estimated annual and total cost of each project and lease; and (4) any final environmental impact statement prepared for a project. Requires the Administrator to provide for a public hearing in the locality of each major project included in the biennial plan to consider the project's economic and social effects, environmental impact, and consistency with urban planning goals and objectives of the community. Repeals a provision of the Act prohibiting the employment of architectural or engineering services on a permanent basis. Directs the Administrator to use the results of the continuing investigation and survey of public buildings to establish a central repository for the asset management information of the Government. Directs each Federal agency to: (1) identify unneeded, obsolete, and underutilized public buildings; and (2) annually report specified information to the Administrator. Authorizes the Administrator to conduct research and post-occupancy evaluations to determine and improve the effectiveness of existing and planned public buildings. Requires the Administrator to ensure that: (1) the headquarters of each executive department and establishment is located within the National Capital region unless otherwise specified by Act of Congress; (2) the regional, district, area, or local offices of Federal agencies are centrally located with respect to residential populations served or other governmental and private offices with which the agencies must maintain communication; and (3) the Federal agency offices are located throughout the United States generally in proportion to the geographic distribution of the U.S. population, with exceptions. Establishes a Building Design Advisory Board for conducting design competitions and reviewing the architectural design of Federal buildings. Amends the Federal Property and Administrative Services Act of 1949 (such Act) to require the Administrator to: (1) submit to the Board and to the Congress a list of projects for which architectural and engineering services for building design or site planning shall first be procured during the fiscal year; (2) designate a substantial number as projects for which such services shall be acquired through design competitions conducted under such Act; (3) issue model rules for conducting such projects; and (4) conduct each competition provided for under such Act. Sets forth provisions regarding: (1) criteria for selection of designs; (2) recommendations concerning negotiations; (3) final selections; and (4) jury and adviser personnel matters. Requires the Administrator to require, as a condition of entering into any lease or other contract that would obligate funds in excess of $10,000 authorized pursuant to such Act, a certification consisting of declarations that the owner of the space to be leased or the contractor and any officer or principal employee of the contractor has: (1) no conflict of interest with the capacity of the person as a lessor or contractor with the Government; (2) not offered or promised anything of value to a public official for performing an official act; (3) not had a public contract terminated for default; and (4) not been convicted, indicted, or charged with specified offenses within ten years prior to the date of the solicitation for the lease or contract award. Requires the head of each Federal agency defined in the Act to review and report to the Congress on the long-term housing needs of the agency. Requires the Director of the Office of Management and Budget to report to the Congress on the feasibility and desirability of ending the monopoly of the General Services Administration with respect to providing office and storage space for Federal agencies.

Bill· SS. 206 (104th)referred

Line Item Veto Act

United States · United States Congress · 11 January 1995

Line Item Veto Act - Grants the President legislative line item veto rescission authority. Authorizes the President to rescind all or part of any discretionary budget authority or veto any targeted tax benefit if the President determines that such rescission: (1) would help reduce the Federal budget deficit; (2) will not impair any essential Government functions; and (3) will not harm the national interest. Requires the President to notify the Congress of such a rescission or veto by special message after enactment of appropriations legislation providing such budget authority or a revenue Act containing a targeted tax benefit. Makes such a rescission effective unless the Congress enacts a rescission disapproval bill. Describes: (1) information to be included in the President's message; and (2) procedures to govern consideration of rescission disapproval legislation in the Senate and the House of Representatives.

Bill· HRH.R. 462 (104th)referred

National Policies Toward Gambling Review Act of 1995

United States · United States Congress · 11 January 1995

National Policies Toward Gambling Review Act of 1995 - Establishes a Commission on the Review of National Policies Toward Gambling to conduct a comprehensive legal and factual study of: (1) gambling activities in the United States; (2) their social and economic impact; and (3) existing Federal, State, and local policy and practices with respect to legal prohibition and taxation of such activities, particularly the relationship between the Indian Gaming Regulatory Act and State and local laws.

Bill· HJRESH.J.Res. 51 (104th)open

Proposing an amendment to the Constitution of the United States to require three-fifths majorities for bills increasing taxes.

United States · United States Congress · 11 January 1995

Constitutional Amendment - Requires a three-fifths majority of the whole number of each House of the Congress before a bill increasing any revenue may pass. Provides that total revenue of the United States Government for each fiscal year shall not exceed 20 percent of the gross domestic product and that any revenue in excess of this limit shall be used to reduce the public debt. Authorizes a specific amount of additional revenue above such limit for the current or next fiscal year when a bill for this sole purpose is passed by a three-fifths majority of the whole number of each House of the Congress and becomes law. Authorizes the Congress, upon the President's request, to waive the provisions of this joint resolution by a roll call vote for any fiscal year in which a declaration of war is in effect. Requires any law that has the effect of increasing any revenue, if adopted when a waiver is in effect, to expire within two years after the law is adopted.

Bill· HJRESH.J.Res. 53 (104th)open

Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government.

United States · United States Congress · 11 January 1995

Constitutional Amendment - Prohibits total outlays of the operating fund of the United States for any fiscal year from exceeding total receipts to those funds for that fiscal year plus any operating fund balances carried over from previous years. Allows the Congress to waive provisions of this amendment by a declaration of national urgency by the President that is approved by a majority vote of both Houses of the Congress. Requires the President, by the first Monday in February each year, to transmit to Congress a proposed budget in which the total outlays of the operating funds do not exceed total receipts. Declares that total receipts exclude those derived from net borrowing. Declares that total outlays exclude those for repayment of debt principal and for capital and developmental investments that provide demonstrable long-term economic returns but includes an annual debt servicing charge. Declares that the receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund together with outlays for benefits earned by veterans of military service shall not be counted as receipts or outlays.

Bill· SS. 189 (104th)referred

A bill to amend the Congressional Budget Act of 1974 to provide that any concurrent resolution on the budget that contains reconciliation directives shall include a directive with respect to the statutory limit on the public debt, and for other purposes.

United States · United States Congress · 10 January 1995

Amends the Congressional Budget Act of 1974 to require any concurrent resolution on the budget that contains reconciliation directives relating to required changes in total budget authority amounts and revenue amounts to specify the amounts by which the statutory limit on the public debt is to be changed and to include this directive in the reconciliation legislation reported for the particular fiscal year. Declares it out of order in the Senate, with limited exception, to consider legislation that increases the public debt limit during a fiscal year above the level set forth in the concurrent resolution on the budget for that fiscal year.

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