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Bill· HRH.R. 159 (102nd)referred
United States · United States Congress · 3 January 1991
Requires that the Secretary of Transportation's apportioned allocation to a State for the Federal-aid highway program be not less than 100 percent (currently 85 percent) of the percentage of the estimated tax payments attributable to highway users in that State paid into the Highway Trust Fund.
Bill· HRH.R. 169 (102nd)referred
United States · United States Congress · 3 January 1991
Infrastructure Improvement and Public Productivity Act - Sets out State apportionments for amounts appropriated to carry out this Act. Directs the Secretary of Commerce to develop a representative tax system similar to a previously published tax system, to provide public notice of such system and opportunity to comment, and to submit a report on such system to the appropriate congressional committees as soon as practicable. States that such tax system shall take effect not sooner than 45 days after publication in final form in the Federal Register and concurrent transmittal to each House of the Congress. Sets aside one percent of amounts appropriated under this Act for research and development in the repair, maintenance, and future improvement of public facilities. Sets aside a percentage for Puerto Rico and the other U.S. territories. Directs the chief executive officer of each State and territory to set aside one percent of any amounts apportioned to such State or territory for capital budgeting and capital improvement programs. Directs such chief executive officer, after setting aside the proper amounts, to make the remainder available for grants for the construction, reconstruction, renovation, and repair of public facilities. States that a grant under this Act for a project for which no other Federal grant is made shall be for 50 percent of the cost of the project. Specifies limited conditions under which grants shall be made, including the requirement that the proposed project must expand the economic base, promote economic diversity, or enhance the economic development opportunities in the area. Directs the chief executive officer, in selecting projects for grants, to consider the ability of the proposed project to stimulate additional capital spending. Requires funds apportioned to a State to be allocated between rural and urban areas in an equitable manner in accordance with a specified formula. Directs the chief executive officer to conduct an audit of each project completed with a grant under this Act. Directs recipients of such grants to keep records to enable such officer to complete such audits, and to make such records available to the chief executive officer. Directs the Secretary to use the most recent available information before an apportionment is made to determine such apportionment. Directs the Secretary to determine population on the same basis that the Secretary determines resident population for general statistical purposes. Authorizes appropriations for FY 1993 through 1997.
Bill· HRH.R. 133 (102nd)referred
United States · United States Congress · 3 January 1991
House of Representatives Election Campaign Reform Act of 1990 - Amends the Internal Revenue Code to: (1) establish the House of Representatives Campaign Trust Fund (the Fund) within the Treasury; (2) provide a 100 percent tax credit for the first $200 in contributions an individual makes to a House candidate running for election in the State in which the individual is a resident if such contributions are not transmitted through an intermediary; and (3) provide for a $2 tax check-off on Federal income tax returns to be paid to the Fund. Amends the Federal Election Campaign Act of 1971 to: (1) reduce from $5,000 to $2,000 the maximum amount of contributions a multicandidate political committee may make to any candidate for Federal office per election; (2) prohibit a House candidate from establishing, maintaining, or controlling a political committee, other than an authorized committee of the candidate or a committee of a political party; (3) require a House candidate to report to the Federal Election Commission all contributions totaling at least $25,000, in contributions of $200 or less from individual residents of the State from which the candidate is running in order to receive matching payments for the first $200 in individual contributions up to a maximum amount of $300,000; (4) require the Commission to certify to the Secretary of the Treasury such amounts reported; (5) require a House candidate to certify to the Commission that neither he or she, nor any family members, will furnish more than $100,000 from personal funds for the election; (6) allow the opponents of a House candidate who refuses to make such a certification to receive matching funds for up to $1000 in contributions from individuals regardless of their State residence; (7) allow opponents of a House candidate who violates such a certification to receive from the Fund payments equal to the amount of personal funds furnished for the election in excess of $100,000; (8) allow a House candidate who is certified and is notified by the Commission that he or she is the target of an independent expenditure in excess of $10,000 to receive from the Fund payments equal to 300 percent of the amount of such independent expenditures; (9) require that excess campaign funds be repaid to the Fund on a pro rata basis; (10) require any persons who make independent expenditures in excess of $10,000 to report such independent expenditures to the Commission within 24 hours and to file with the Commission a statement as to which candidate such expenditures are intended to help or hurt; and (11) require the Commission to notify each candidate in the House election of such independent expenditures within 24 hours. Amends the Communications Act of 1934 and the Federal Election Campaign Act of 1971 to, respectively: (1) require broadcast stations to offer their lowest rates for broadcasts which are one to five minutes in length to House candidates who have made a certification that they will limit personal spending to $100,000; and (2) require the inclusion of a statement that a House candidate has not agreed to abide by the spending limits where appropriate in broadcast or print advertisements which solicit contributions or expressly advocate the election or defeat of a clearly identified candidate. Sets forth penalties for violations of this Act. Authorizes appropriations.
Bill· HRH.R. 16 (102nd)referred
United States · United States Congress · 3 January 1991
National Health Insurance Act - Title I: Benefits and Eligibility - Makes medical, dental, podiatric, home-nursing, hospital, and auxiliary services available as benefits to eligible individuals and defines such services. Directs the National Health Insurance Board, established by this Act, to survey the resources and needs of each State and to develop in each State a program to assure maximum participation and use of health personnel and facilities. Authorizes the Board to limit health services when personnel, facilities, or funds are inadequate to ensure the provision of all services. Allows every individual eligible for personal health services available under this Act to select the physician, dentist, podiatrist, nurse, medical group, or hospital to render services and to change such selection under certain circumstances. Sets forth eligibility requirements. States that the United States shall be subrogated to all rights of an individual who receives benefits under this Act with respect to any workers' compensation injury or disability. States that Federal grants to States under title XIX (Medicaid) and part A of title IV (Aid to Families with Dependent Children) of the Social Security Act shall be available to the States for provision of personal health services for noninsured needy individuals. Title II: Participation of Physicians, Dentists, Nurses, Hospitals, and Others - Prescribes criteria to govern which physicians, dentists, podiatrists, nurses, hospitals, or providers of auxiliary services will be deemed qualified to perform services under this Act. Authorizes specified State agencies to enter into agreements with qualified individuals or with organizations for the provision of personal health services. Lists provisions to be included in such agreements, including methods of payment for services. Sets standards applicable to rates or amounts of payment for services rendered as benefits under this Act. Directs that such rates and amounts be adapted to take into account relevant regional, State, or local conditions and practices. Authorizes patient limits. Allows health care providers entering into an agreement under this title to accept or reject patients. Title III: Local Administration - Decentralizes the responsibility for administration of this Act's benefit provisions to local administrative committees or local administrative officers within health-service areas designated by each State. Lists the duties of such local administrative committees or officers. Requires the establishment in each health-service area of: (1) a local area committee; and (2) local professional committees representative of the health care providers in the area to assist local administrative committees and officers. Title IV: State Administration - Expresses the intent of the Congress that this Act's benefit provisions be administered by each of the several States, in accordance with an approved plan of operations. Catalogs provisions that must be included in such a plan. Describes procedures to be followed if a State: (1) fails to submit a plan; or (2) fails to comply with an approved plan. Title V: National Health Insurance Board; National Advisory Medical Policy Council; General Administrative Provisions - Establishes in the Department of Health and Human Services a National Health Insurance Board to administer the provisions of this Act. Establishes a National Advisory Medical Policy Council to advise the Board regarding matters of general policy, the formulation of regulations, and the establishment of professional standards. Requires the Board to undertake certain studies and to make reports to the Congress at specified times. Title VI: Eligibility Determinations, Complaints, Hearings, and Judicial Review - Requires the Secretary of Health and Human Services to determine benefit eligibility. Describes procedures for complaint investigation and adjudication. Title VII: Application of Act to Individuals Covered Under Medicare Program - States that when an individual is entitled to hospital insurance benefits under Medicare, the personal health services available as benefits under this Act shall be limited to those services for which the individual is ineligible under the Medicare program. Directs the Secretary of Health and Human Services to carry out a study of the interrelationship between the program of national health insurance under this Act and the Medicare program. Requires that the Secretary submit to the President and to the Congress, within one year of this Act's enactment, a report of such study, along with certain findings and detailed recommendations. Title VIII: Fiscal Provisions - Declares that funds in the National Health Care Trust Fund, created by this Act, shall be available, subject to exception, for all expenditures necessary or appropriate to carry out this Act. Directs the Board to determine: (1) amounts to be made available from the Fund during a given fiscal year for the provision of various classes of personal health services benefits; and (2) allotments to be made to the States for the provision of such benefits. Sets standards to govern the Board's determinations. Authorizes the Board to make grants to: (1) certain educational institutions or agencies in order to fund endeavors that show promise of making valuable contributions to the training of personnel providing or administering benefits under this Act; and (2) certain individuals participating in courses relating to the provision or administration of personal health services benefits. Authorizes appropriations. Title IX: Miscellaneous Provisions - Defines terms used in this Act. States that personal health services shall first become available as benefits under this Act on October 1, 1992. Title X: Value Added Tax and National Health Care Trust Fund - Amends the Internal Revenue Code to impose a five-percent tax on the taxable amount of each taxable transaction (the sale of property, performance of services, and importing of property by a taxable person in a commercial-type transaction). Sets the tax rate at zero for: (1) retail food, principal residence housing (sale and rental), and medical care; (2) certain transactions involving governmental entities; (3) in certain circumstances, specified tax-exempt organizations. Allows as a tax credit the aggregate tax which has been paid by sellers to the taxpayer of property and services which the taxpayer uses in the business to which the transaction relates. Makes the person selling the property or services liable for the tax. Requires the seller to give the purchaser a tax invoice if the seller has reason to believe that the purchaser is a taxable person. Allows a person whose aggregate taxable transactions for the current calendar year and the next calendar year do not exceed specified amounts to elect to be treated as a non-taxable person for the next calendar year, except for: (1) sale or leasing of real property; and (2) importing. Allows the taxpayer to elect, in certain circumstances, to treat: (1) two taxable businesses as one taxable person; and (2) separate divisions of the same business as separate taxable persons. Mandates notification to the Secretary of the Treasury of any change in the form of a business which might affect the administration of taxes under this Act. Sets forth special rules relating to: (1) coordination with subtitle A of the Internal Revenue Code; (2) sales which include incidental services and services which include incidental transfers of property; (3) zero rating de minimis transactions; (4) treating importing as both selling and purchasing; (5) treating subchapter S corporations as not corporations; and (6) property and services held for use. Treats as a taxable transaction: (1) personal use by an owner of business property or services; and (2) any gift of business property or services. Sets forth special rules regarding: (1) dispositions of nonbusiness real property; and (2) insurance contracts. Establishes in the Treasury the National Health Care Trust Fund. Appropriates to the Fund amounts equivalent to the amounts received from the value added tax. Allows the Fund to be used only to carry out the program of health benefits under this Act. Title XI: Study and Development of Cost Control Mechanisms - Directs the Secretary of Health and Human Services to: (1) conduct a study on controlling costs of benefits under this Act, including the effects of the costs on medical malpractice claims and malpractice insurance; (2) report to the Congress; and (3) implement recommendations in the report.
Bill· HRH.R. 98 (102nd)referred
United States · United States Congress · 3 January 1991
Guam Commonwealth Act - Title I: Political Relationship - Creates the Commonwealth of Guam. Grants the people of Guam the right of full self-government through adoption of a Constitution, consistent with U.S. sovereignty over Guam and the supremacy of U.S. law applicable to Guam, and within specified guidelines. Recognizes the right of self-determination of the people of Guam. Directs the U.S. Government, through additional federally-funded programs, to promote preservation of the Chamorro culture, enhanced economic, social, and educational opportunities for Chamorros, and training of Chamorros for employment. Provides that nothing in this Act or the Constitution of Guam shall impair the U.S. citizenship of the residents of Guam or their descendants or their rights and privileges as U.S. citizens under the 14th amendment to the U.S. Constitution. Directs Guam to establish a land trust for the benefit of the indigenous Chamorro people and to establish residency requirements under the Constitution of Guam for voting and holding elective office. Allows this Act to be modified only with the mutual consent of the Governments of the United States and Guam. Title II: Applicability of Federal Law - Makes specified provisions of, and amendments to, the U.S. Constitution applicable to Guam, in addition to those portions which currently apply. Makes Federal laws, rules, or regulations passed after the date of this Act inapplicable unless mutually consented to by the Governments of the United States and Guam. Creates the Joint Commission on the Applicability of Federal Law. Specifies its duties, including: (1) participating in consultations between the Governments of the United States and Guam; (2) studying existing statutes and regulations affecting the U.S.-Guam relationship; (3) reviewing policies and procedures of Federal agencies relating to such relationship; (4) compiling data; (5) drafting modifications in existing laws, regulations, policies, and procedures and obtaining such modifications by negotiation and mediation concerning issues such as land claims and war claims; and (6) seeking to obtain maximum economic development and political autonomy for Guam, consistent with U.S. security interests. Provides that the United States will bear the cost of the work of the Commission. Authorizes the President or his designee to delegate to the Governor of Guam total or partial performance of functions now vested in Federal administrative agencies. Title III: Foreign Affairs and Defense - Grants the United States responsibility for authority with respect to matters relating to foreign affairs and defense that affect Guam. Provides for U.S. consultation with Guam in advance of negotiations toward any treaties or international or executive agreements affecting Guam, and with respect to proposals to increase or decrease Department of Defense activities within Guam. Prohibits the establishment of military security zones or the stationing of foreign military personnel on the Island of Guam without the approval of the Government of Guam except in time of declared war, or the establishment of military bases without consultation with the Governor. Provides for U.S. assistance to Guam in the establishment of offices in the United States and abroad, in becoming a member or participant in appropriate regional and international organizations, and in obtaining from other countries favorable treatment for exports. Prohibits the United States from using the Island of Guam or the water surrounding it for the dumping or storage of nuclear waste or hazardous chemicals. Provides for the clean up by the United States of chemical dump sites used by the military in the past. Requires the United States to compensate any person injured as a result of hazardous materials stored, used, or disposed of by the U.S. Government in Guam or its waters. Title IV: Courts - Specifies provisions governing the relations between U.S. courts and the local courts of Guam, the jurisdiction of the District Court of Guam, and the applicable district court rules. Provides for the appointment of a judge for the District Court of Guam, a U.S. attorney, and a U.S. marshal for Guam. Title V: Trade - Establishes a Guam-United States free trade area, under which neither party may impose duties, quotas, or other restrictions on each other's products, nor shall the United States treat products of Guam as having originated in any other country. Defines "products of Guam" to mean articles that contain at least 30 percent value added in Guam, and specifies costs included in value added. Authorizes Guam to impose, increase, reduce, or eliminate duties and other restrictions on: (1) products that originate outside the customs territory of the United States and that are imported into Guam; and (2) exports from Guam, whether or not products of Guam. Requires the Governor of Guam to certify that the origin of "products of Guam" is, in fact, Guam, and provides for customs inspections of products brought into the United States. Title VI: Taxation - Makes U.S. income tax laws applicable to Guam. Deems such laws to impose a separate tax, payable to the Government of Guam, to be known as the Guam Commonwealth income tax. Grants the Governor the same administrative and enforcement powers and remedies with regard to such tax (pursuant to the laws of Guam) as the Secretary of the Treasury and other executive branch officials have with respect to the U.S. income tax. Sets forth similar enforcement authority with respect to criminal violations, tax liens, and suits to recover erroneously or illegally assessed taxes. Grants the District Court of Guam exclusive jurisdiction over all judicial proceedings in Guam, both criminal and civil, with respect to such tax. Allows the Government of Guam to provide for the rebate or reduction of taxes in order to assist new industries or economic development. Grants Guam the power to determine the nature and amount of taxes imposed upon the income and property of persons within its jurisdiction. Repeals applicable U.S. tax laws one year after Guam has enacted a replacement comprehensive local income tax. Exempts all bonds or other obligations issued by Guam from taxation by Federal, State, or local governments of the United States. Title VII: Immigration - Applies the Immigration and Nationality Act and pertinent Federal regulations to Guam for two years from enactment of this Act. Directs Guam to enact a comprehensive law on immigration to become effective at the end of the two-year period. Provides that such law shall not impair the free movement of U.S. citizens to and from Guam, include the authority to naturalize aliens for U.S. citizenship, or alter the Governor's authority to issue U.S. passports. Authorizes U.S. consular officials to issue visas for travel only to Guam for any alien seeking to enter Guam as a non-immigrant in order to encourage investors and tourists to come to Guam. Title VIII: Labor - Grants preference to qualified residents of Guam in all Federal civil service vacancies occurring in Guam. Grants Guam the authority to enact and enforce all laws regulating or affecting employment in Guam. Provides that all pertinent U.S. laws regulating employment on Guam on the effective date of this Act shall remain applicable until replaced by duly enacted law of the Guam Legislature. Title IX: Transportation and Telecommunications - Precludes application of any U.S. law barring the U.S. registration and use of any foreign-built vessel within the waters around Guam for any purpose. Exempts from the coastwise laws of the United States any shipment of fish or fish products from Guam to any U.S. coastwise destination. Directs the Commission periodically to examine the applicability of such laws and to recommend termination of their applicability upon determining that such laws constrain Guam's economic development. Authorizes the Governor of Guam to sponsor any qualified air service carrier to come to Guam, subject to presidential consultation concerning U.S. foreign policy and security interests. Exempts Guam from all bilateral treaties between the United States and foreign states with respect to scheduling and technical specifications of aircraft, other than safety requirements. Provides that Guam shall remain an "eligible point" for purposes of being ensured essential air transportation to and from the United States. Defines Guam as "domestic" for Federal Communications Commission rate setting purposes. Title X: Land, Natural Resources and Utilities - Grants the Government of Guam the power of eminent domain. Grants Guam jurisdiction over all natural resources of the seabed, subsoil, tidelands, and adjacent territorial waters of the Island of Guam. Sets limits on U.S. acquisition of real property on Guam. Exempts Guam from Federal regulations governing the transfer or sale of excess Federal real property. Provides for the transfer of all excess Federal property to Guam, with specified exceptions. Provides for access and use by the residents of Guam of certain retained Federal property, subject to military security requirements. Authorizes the granting of easements on such property to the Government of Guam in specified circumstances. Directs the United States to transfer ownership of island utilities to Guam. Title XI: United States Financial Assistance - Provides for the return of U.S. revenues from taxes and fees collected in Guam or from its residents or products to the Government of Guam. Makes U.S. laws providing Federal benefits and financial assistance which are applicable to the States likewise applicable to Guam on an equal basis. Directs the Governor of Guam, in preparing an annual budget, to identify the costs and benefits to Guam brought about by its role as one of the principal U.S. military bases. Requires the Governor to submit such information to the Guam Legislature and the Office of Management and Budget for use in reviewing the Governor's request for appropriations for the annual Federal payment to Guam, which request the Governor shall submit to the President for transmission to the Congress each year. Provides for assistance to aid Guam's transition to a Commonwealth, including: (1) U.S. financing of the costs of institutional changes connected with the change in Guam's political relationship with the United States; (2) help in meeting the capital needs of Guam necessary for long-term, self-sustaining development; and (3) establishing an economic development fund to assist expansion of the private sector. Title XII: Technical Amendments and Interpretation - Makes technical and conforming amendments. Calls for this Act to be interpreted liberally to accomplish its purpose of providing for complete, internal self-government for Guam. Requires this Act to be submitted to the registered voters of Guam for ratification after being passed by the Congress. Repeals the Organic Act of Guam.
Bill· HRH.R. 120 (102nd)referred
United States · United States Congress · 3 January 1991
Amends Federal law to eliminate the requirement that there be 500 or more persons regularly employed by all Federal agencies in a city or county before the Secretary of the Treasury may enter into an agreement to withhold city and county income and employment taxes from the pay of Federal employees who live or work there.
Law· HRH.R. 4 (102nd)enacted
United States · United States Congress · 3 January 1991
Extends the time for performing certain tax-related acts by reason of service in a combat zone for those individuals performing Desert Shield services. Declares such extended time to be the period during which such individual performs such services and the next 60 days thereafter. Allows the payment of interest on any overpayments due such individuals, starting April 15. (Generally, interest will be paid only on refunds made more than 45 days after a return is filed.) Applies this Act for any period of continuous hospitalization outside the United States attributed to an injury incurred while performing Desert Shield services.
Bill· HRH.R. 38 (102nd)referred
United States · United States Congress · 3 January 1991
Revises conflict of interest provisions concerning Department of Defense procurement to prohibit former Department officers and employees and former or retired members of the armed forces who participated in decisionmaking responsibilities concerning defense contractors from accepting compensation from such contractors for a two-year period following separation from the Department. (Present law imposes such prohibitions only on those officials who performed procurement functions for a majority of working days or who participated in negotiations of contracts or claims in excess of $10,000,000.) Imposes criminal penalties for violations of such prohibition. (Present law provides only civil penalties.) Imposes criminal penalties upon any person who knowingly offers or provides such compensation to a former defense procurement official. (Present law imposes only civil penalties.) Authorizes the Secretary of Defense to exempt from such requirements certain persons appointed to sensitive civilian procurement executive positions. Specifies that such an exemption shall be made with the concurrence of the Director of the Office of Government Ethics. Requires the Secretary to report to the Congress concerning any such exemptions. Requires the Secretary to provide each defense procurement official separated from service a written notice containing: (1) an explanation of the provisions of this Act; and (2) the name of each contractor from whom such person is prohibited from accepting compensation. Specifies that the provisions of this Act shall not apply to contracts for less than $100,000 or to contractors who did less than $100,000 worth of business with the Department in the preceding fiscal year. Allows any person who is considering the propriety of accepting compensation from a defense contractor to apply to the Director of the Office of Government Ethics for advice on the applicability of this Act.
Bill· HRH.R. 162 (102nd)referred
United States · United States Congress · 3 January 1991
Repeals Internal Revenue Code provisions that include social security and tier I railroad retirement benefits in the gross income of certain taxpayers.
Bill· HRH.R. 165 (102nd)referred
United States · United States Congress · 3 January 1991
Social Security Long-Term Protection Act of 1991 - Amends the Internal Revenue Code to vary the tax rates for the old age, survivors and disability insurance program (title II of the Social Security Act), in 1992 and thereafter, as a function of the amount in the OASDI trust fund reserve.
Bill· HRH.R. 124 (102nd)referred
United States · United States Congress · 3 January 1991
Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to make it explicit that the authority to withhold past-due child support from an individual's Federal tax refunds may be exercised after such child reaches the age of majority.
Bill· HRH.R. 15 (102nd)referred
United States · United States Congress · 3 January 1991
Depositor Protection Act of 1991 - Title I: FDIC Supplemental Capital and Deposit Insurance Reform - Subtitle A: General Provisions - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System (the Board) to: (1) assess each Federal Reserve Bank an amount equal to the imputed earnings on reserves held at such bank after a specified date; and (2) distribute specified proportions of such assessments to the Bank Insurance Fund, the Savings Association Insurance Fund, and the National Credit Union Share Insurance Fund. Changes reserve ratio requirements for transaction accounts over $25,000,000 to zero to 12 percent (currently 12 percent, or, at the Board's discretion, from eight to 14 percent). Requires the Board to include in its annual report (Humphrey-Hawkins Report) a detailed justification for the establishment and level of any reserve requirement for monetary purposes in effect at the time of the report. Amends the Federal Deposit Insurance Act to require each Bank Insurance Fund (BIF) member to maintain reserves against expenses according to a prescribed formula. Specifies the composition of such reserves. Authorizes the Federal Deposit Insurance Corporation (FDIC), under certain circumstances, to require BIF members to make pro rata contributions from such reserves as the FDIC deems appropriate. Directs the FDIC to reduce the reserve requirement of BIF members to the extent necessary to ensure that the sum of the balance in the BIF and the aggregate amount of reserves held by BIF members does not exceed the designated reserve ratio. Authorizes the FDIC to issue preferred stock to BIF members. Declares that for purpose of the Federal Deposit Insurance Act any obligation of a bank or savings association issued to certain pension or profit-sharing plans shall not be deemed a deposit nor included as part of the total or insured deposits of a BIF member. Grants the FDIC authority to prohibit any insured depository institution from accepting brokered deposits. Directs the Comptroller General to study the risks and benefits to deposit insurance funds posed by the dual Federal and State banking systems. Sets forth a graduated penalty assessment scheme for insured depository institutions (including credit unions) which file false assessment reports. Authorizes a Federal banking regulatory agency, upon finding that an insured depository institution does not meet minimum capital requirements, to: (1) prohibit the institution's board of directors or trustees from meeting without an agency representative present in a nonvoting observer capacity; or (2) order the institution's board of directors to submit a complete and accurate transcript of each meeting. Requires the FDIC, upon providing assistance to a troubled insured depository institution, to: (1) remove its board of directors; and (2) treat shareholder claims against the institution as if the institution has been closed. Authorizes the FDIC to assess against each insured depository institution and its affiliates, in proportion to its assets and resources, the cost of conducting examinations of such institution. Subtitle B: Retirement of Federal Reserve Stock - Amends the Federal Reserve Act to repeal Federal reserve bank stock requirements. Declares that any eligible bank may apply for membership in the Federal Reserve System and that upon approval of the application the Federal reserve bank shall issue a certificate of membership in the Federal Reserve System and that upon approval of the application the Federal reserve bank shall issue a certificate of membership in the Federal Reserve bank and the Federal Reserve System. Prohibits Federal reserve banks from having any capital stock. Outlines procedures for the redemption and retirement of Federal Reserve bank stock. Revises conditions of eligibility of insured State banks for membership in the Federal Reserve system. Title II: Regulatory Reform - Subtitle A: Office of Thrift Supervision Abolished - Abolishes the Office of Thrift Supervision and the position of Director of such Office. Amends the Home Owners' Loan Act to establish within the Office of the Comptroller of the Currency a separate division to exercise regulatory responsibility for savings associations, including savings and loan holding companies. Vests in the Comptroller of the Currency all former powers of the Directors of the Office of Thrift Supervision. Requires the Comptroller to report annually to the Congress regarding specified actions taken to implement examinations and regulatory functions. States that savings association regulatory activities will be funded only through assessments on savings associations. Subtitle B: Other Regulatory Reform - Amends the Federal Financial Examination Council Act of 1978 to prohibit a Federal financial institutions regulatory agency from accepting or relying upon any examination of a State depository institution if it was conducted by, or under the supervision of, a primary official who was also an elected official. Amends the Federal Deposit Insurance Act to prohibit any insured depository institution (or its affiliate) from making any direct or indirect political contribution to the election campaign of anyone seeking the office of State banking regulator. Requires the Secretary of the Treasury and the Comptroller General to report to the Congress the results of a feasibility study undertaken by each of them to ascertain whether, given the changes in the financial services industry since the completion of the Final Report of the 1984 President's Task Group on Regulation of Financial Services, it would still be desirable to implement the Task Group's recommendations for the reorganization of Federal agencies. Sets a deadline for the Secretary and each appropriate Federal banking agency to report to the Congress the results of a comprehensive agency review of banking regulations which need revision and simplification to enhance the capitalization and profitability of insured depository institutions without adversely affecting their safety and soundness. Amends the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to direct the Credit Standards Advisory Committee to issue commercial real estate lending guidelines for federally insured depository institutions. Directs each appropriate Federal banking agency and the National Credit Union Administration to establish an annual examination program of federally insured depository institutions within their respective jurisdictions. Title III: Financial Service Industry Modernization - Amends Federal law to authorize national banks to establish branches in any State, without specified existing limitations, upon approval of the Comptroller of the Currency. Amends the Bank Holding Company Act of 1956 to repeal the prohibition against acquisition of out-of-State banks by a bank holding company. Permits a bank holding company to acquire shares in a nonbank company if its share position does not exceed 25 percent of the outstanding voting shares and the nonbank company is not under the operational control of the bank holding company. Amends the Home Owners' Loan Act to outline the circumstances under which the application of a national bank that is a Savings Association Insurance Fund member (SAIF) shall be deemed to be a savings association. Amends the Bank Holding Company Act of 1956 to exempt from the seven percent growth ceiling imposed on banks controlled by a non-bank holding company those assets which the bank has acquired from either the Resolution Trust Corporation (RTC) or the FDIC. Permits a bank holding company to engage in activities determined by regulation or order of the Board to be so closely related to banking as to be: (1) of a financial nature and designed to enable bank holding companies to adjust to technological innovations in the provision of banking-related services; or (2) to be of a financial nature and substantially identical to products or services offered by non-banking companies which are competitive with those provided by banks. Repeals notice and hearing opportunity requirements for such regulations or orders. Sets forth expedited approval procedures for nonbanking activities. Title IV: Technical Amendments Relating to Office of Thrift Supervision - Makes technical amendments relating to the Office of Thrift Supervision in the Home Owners' Loan Act, the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and Federal law relating to money and finance. Title V: Tax Incentives for the Sale of Distressed Properties - Requires the Comptroller General, the Secretary of the Treasury, and the Director of the Congressional Budget Office to submit a detailed report to the Congress regarding conclusions drawn from separate studies on the use of tax incentives to stimulate the sale of property in distressed real estate markets.
Bill· HRH.R. 188 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to prohibit tax-exempt social clubs from discriminating on the basis of sex. Provides that the exception from limitations on the deduction for entertainment tickets does not apply to tickets for events held at social clubs which discriminate on the basis of race, color, sex, or religion.
Bill· HRH.R. 187 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to make permanent the exclusion from gross income of amounts received under qualified group legal services plans. (Under current law the exclusion expired as of September 30, 1990.)
Bill· HRH.R. 184 (102nd)referred
United States · United States Congress · 3 January 1991
Denies tax-exempt status to the Prince Edward School Foundation and any successor organization during the period between October 3, 1984, and the later of: (1) two years after this Act's enactment; or (2) the end of a two-school-year period during which the Prince Edward Academy has more than a token number of black students, faculty, and employees. Disallows the income tax deduction and any benefits under estate and gift tax law with respect to charitable contributions to the Foundation.
Bill· HRH.R. 183 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to establish a special rule for income tax deduction treatment of the travel and transportation costs of construction workers in connection with job sites located more than 30 miles from a worker's principal residence. Prohibits disallowance of a deduction solely because the work in question is of indefinite duration. Disapproves expressly the "one-year rule" set forth in Revenue Ruling 59-371 as grounds for disallowing deductions.
Bill· HRH.R. 193 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to exclude from gross income qualified employer-provided commuter services between an employee's residence and workplace. Includes as qualified services: (1) transportation furnished in a commuter highway vehicle (such as a van); and (2) transportation on public buses, trains, or subways that is paid for or reimbursed by the employer.
Bill· HRH.R. 189 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to exclude from gross income transit passes provided by an employer to an employee for mass transit facilities. Limits such exclusion to $35 per month.
Bill· HRH.R. 185 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code, with regard to insurance company taxable income, to treat as unpaid losses any termination reserves under minimum premium plans (thus providing that amounts reflected as reserves or other liabilities on a property and casualty insurance company's annual statement for future claim payments under minimum premium accident and health plans are properly deductible during the policy period).
Bill· HRH.R. 181 (102nd)referred
United States · United States Congress · 3 January 1991
Equality in Education Act of 1991 - Amends the Internal Revenue Code to deny tax-exempt status to any educational institution found to have a policy of racial discrimination against any group in enrollment, hiring, financial aid, or other programs and activities, unless the institution clearly and convincingly demonstrates that it has engaged in vigorous, affirmative, and continued corrective action in its recruiting and hiring practices and other programs and activities with respect to the affected groups.
Bill· HRH.R. 164 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to treat as a deductible expense not chargeable to a capital account any contribution to a No Net Cost Tobacco Fund or Account. Includes in the gross income of the taxpayer amounts subsequently received in connection with no cost tobacco expenditures.
Bill· HRH.R. 150 (102nd)referred
United States · United States Congress · 3 January 1991
Nonprofit Organizations Tax-Exempt Bond Reform Act of 1991 - Amends the Internal Revenue Code to provide for the tax treatment of bonds of certain nonprofit tax-exempt organizations in a manner similar to governmental bonds.
Bill· HRH.R. 163 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to exempt from the gasoline excise tax any sale of gasoline to a State or local government (or to a purchaser for resale to such government) for its exclusive use.
Bill· HRH.R. 142 (102nd)referred
United States · United States Congress · 3 January 1991
Jobs, Growth, and Competitiveness Act of 1991 - Amends the Internal Revenue Code to reinstate the ten-percent investment tax credit for property used as an integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas, water, waste disposal, or pollution control services. Allows such tax credit to offset 100 percent of a C corporation's minimum tax.
Bill· HRH.R. 151 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to make permanent the exclusion from gross income of amounts received under qualified group legal services plans.
Bill· HRH.R. 134 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to provide that payment under a life insurance contract to an insured who is terminally ill be treated as a death benefit, making such payment eligible for exclusion from gross income. Provides that any reference to life insurance shall be treated as referring to a qualified terminal illness rider. Provides for the tax treatment of such riders. Describes such a rider as one which provides for payments to an insured upon the insured's becoming terminally ill.
Bill· HRH.R. 144 (102nd)referred
United States · United States Congress · 3 January 1991
Amends Internal Revenue Code provisions relating to the income tax deduction for the health insurance costs of self-employed individuals to: (1) increase the allowable deduction from 25 percent to 100 percent; and (2) make the deduction permanent (under current law it will expire after December 31, 1991).
Bill· HRH.R. 130 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to include certain low-income individuals aged 55 or older as members of a targeted group for purposes of the targeted jobs credit.
Bill· HRH.R. 143 (102nd)referred
United States · United States Congress · 3 January 1991
Education Savings Account Act - Amends the Internal Revenue Code to allow an individual income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives at an institution of higher education or a vocational school. Limits the deduction to $100,000 for all taxable years (adjusted for inflation) for each account. Disallows the deduction for contributions to an account maintained for any individual aged 19 or older. Requires any account balance to be distributed after the beneficiary attains age 30. Permits an exclusion from the gross income of the contributor or the beneficiary of account distributions used to pay educational expenses of the latter. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization), unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it. Imposes a ten percent surtax on distributions not used for educational purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report. Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account. Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account.
Bill· HRH.R. 149 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to permanently extend the period during which qualified mortgage bonds and mortgage credit certificates may be issued. (Under current law, authority for these programs is due to expire as of 1991.) Provides for the permanent extension of the low-income housing credit.
Bill· HRH.R. 135 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to impose a 100 percent tax on income from frozen Iraqi assets. Authorizes the President to modify such tax if the armed forces of Iraq withdraw from Kuwait within the time and in the manner determined by the President.
Bill· HRH.R. 122 (102nd)referred
United States · United States Congress · 3 January 1991
Limits assessments of underpayments with respect to taxable periods beginning before July 1, 1985, in connection with the annual occupational tax on retail liquor and beer dealers. Abates assessments and refunds overpayments of any post-1987 tax.
Bill· HRH.R. 131 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code and the Federal Election Campaign Act of 1971 to allow individuals to use checkoffs on Federal income tax returns to provide matching funds to primary and general election candidates for the House of Representatives who report at least $40,000 in contributions from residents of their congressional districts. Establishes the House of Representatives Campaign Trust Fund to provide matching payments.
Bill· HRH.R. 118 (102nd)referred
United States · United States Congress · 3 January 1991
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.
Bill· HRH.R. 106 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to eliminate the age requirement (55 years or older) for eligibility with respect to the one-time income tax exclusion of gain from the sale of a residence.
Bill· HRH.R. 112 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to allow an employer a tax credit for 20 percent of qualified mammography screening costs. Requires the Secretary of Health and Human Services to establish standards to assure the safety and accuracy of such mammography screening.
Bill· HRH.R. 86 (102nd)referred
United States · United States Congress · 3 January 1991
Kiddie Tax Fairness Act of 1991 - Amends the Internal Revenue Code to provide that income from any property of a child shall not be included in the net unearned income of the child for tax purposes if such income is used for the child's educational expenses. Establishes an excise tax if such amounts are used for any purpose other than the taxpayer's educational expenses. Requires such amounts to be used before the end of the taxable year in which the taxpayer attains age 24.
Bill· HRH.R. 101 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to impose on the income of every corporation engaged in the production of petroleum and petroleum products for each taxable year which begins or ends during the emergency period a tax of 40 percent of the excess profits taxable income for such taxable year. Describes the emergency period as the three-year period beginning on the date of the enactment of this Act. Sets forth the method of determining taxable income of a corporation during the emergency period. Allows an excess profits deduction of either 100 percent of the average base period taxable income or a percentage of invested capital, whichever is greater. Revises the energy plowback deduction for purposes of this Act to include the costs of: (1) intangible drilling and development; (2) construction, reconstruction, erection, or acquisition of specified petroleum-related items; or (3) secondary or tertiary recovery of oil or gas.
Bill· HRH.R. 92 (102nd)referred
United States · United States Congress · 3 January 1991
Repeals a provision of the Internal Revenue Code that requires a taxpayer to include a tax identification number for each dependent of age two or older claimed on an income tax return.
Bill· HRH.R. 91 (102nd)referred
United States · United States Congress · 3 January 1991
Tax Fairness for Farmers, Ranchers, and Small Businessmen Act of 1991 - Amends estate tax provisions of the Internal Revenue Code to exempt from recapture any use valuation benefits of a qualified heir who rents the property to another qualified heir on a net cash basis. Applies this provision retroactively in connection with the estates of decedents dying after 1976. Repeals provisions of the Tax Reform Act of 1986 that eliminated income averaging. Increases from 25 percent to 50 percent the allowable income tax deduction for the health insurance costs of self-employed individuals and makes the deduction permanent (under current law it will expire after tax year 1990). Allows a one-time exclusion from gross income of up to $125,000 of gain realized by a farmer from the sale or exchange of land used for farming or ranching during the ten-year period preceding the sale. Permits a full investment tax credit carryforward to certain farmers (current law requires a 35 percent reduction).
Bill· HRH.R. 84 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to exempt farm insolvency transactions made after December 31, 1978, from alternative minimum tax (under prior law), thus effecting a three-year extension of the retroactive period that already exists.
Bill· HRH.R. 93 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to establish a fee on crude oil and refined petroleum products imported into the United States, other than oil or products purchased for export. Imposes the fee during any week following a four-week period when the average international price of crude oil has been less than $24 per barrel. Bases the fee on the difference between $24 per barrel and the average international price of a barrel of crude oil.
Bill· HRH.R. 79 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Federal Election Campaign Act of 1971 to reduce from: (1) $1,000 to $500 the limitation on contributions by persons other than multicandidate political committees to any candidate for Federal office; and (2) $5,000 to $500 the limitation on contributions by such committees to any such candidate. Amends the Internal Revenue Code to provide tax credits for contributors to candidates for public office equal to 50 percent of the annual total of a contributor's political contributions. Limits tax credits to an annual total of $125 and $250 respectively for individual and joint contributors. Disallows estates and trusts from receiving such tax credits.
Bill· HRH.R. 58 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to permit an individual taxpayer an income tax deduction for travel, meals, lodging, transportation, and uniform expenses paid or incurred in connection with the taxpayer's performance of services as a member of the armed forces reserves or the National Guard. Excludes the taxpayer's meal and entertainment expenses from deductibility limitations in this context.
Bill· HRH.R. 77 (102nd)referred
United States · United States Congress · 3 January 1991
Repeals provisions of the Internal Revenue Code that limit the deductibility of contributions to individual retirement plans by active participants in employer-maintained retirement plans.
Bill· HRH.R. 59 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to place additional limitations on the deductibility by a C corporation of interest on corporate stock acquisition indebtedness, denying a deduction for such interest in excess of $5,000,000 incurred in connection with any acquisition of stock pursuant to the acquiring corporation's plan to acquire 50 percent or more (by vote or value) of the stock in a corporation.
Bill· HRH.R. 65 (102nd)referred
United States · United States Congress · 3 January 1991
What I Can Do for America Act - Amends the Internal Revenue Code to establish the Federal Program Enhancement Trust Fund. Allows taxpayers to use their income tax returns to designate cash contributions or portions of any refunds due them to be paid to such Fund for distribution to eligible Federal programs designated by the taxpayer. Allows a deduction from taxable income for contributions to such Fund by individuals who do not itemize.
Bill· HRH.R. 34 (102nd)referred
United States · United States Congress · 3 January 1991
Family Education Assistance Act of 1991 - Amends the Internal Revenue Code to allow an individual income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives at an institution of higher education or a vocational school. Limits the deduction to $1,500 annually (adjusted for inflation) for each account. Disallows the deduction for contributions to an account maintained for any individual aged 19 or older. Requires any account balance to be distributed after the beneficiary attains age 30. Permits an exclusion from the gross income of the contributor or the beneficiary of account distributions used to pay educational expenses of the latter. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization), unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it. Imposes a ten percent surtax on distributions not used for educational purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report. Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account. Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account.
Bill· HRH.R. 51 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to allow a deduction for personal interest for interest on loans used to buy fuel-efficient vehicles. Limits such amount to $2,000.
Bill· HRH.R. 22 (102nd)referred
United States · United States Congress · 3 January 1991
Amends the Internal Revenue Code to make the targeted jobs credit permanent.
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