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Bill· SS. 1514 (104th)referred
United States · United States Congress · 30 December 1995
Provides that, notwithstanding executive orders or Federal laws to the contrary, funds appropriated under the National Defense Authorization Act for Fiscal Year 1996 for military pay raises and basic allowances may be obligated and expended for such purpose. Terminates such authority on April 2, 1996.
Bill· SS. 1509 (104th)referred
United States · United States Congress · 22 December 1995
Amends the Elementary and Secondary Education Act of 1965 regarding impact aid payments. Provides hold-harmless payment amounts for impact-aid payments relating to Federal acquisition of real property. Provides that no eligible local educational agency shall receive less than 85 percent of the preceding year's amount in such a payment for any fiscal year. Provides for ratable reductions and increases in certain types of impact-aid payments in specified circumstances. Allows two specified school districts in South Dakota to claim eligibility as heavily-impacted districts for the current year, and amend their applications for increased payments. Revises provisions with respect to maximum payments for certain heavily impacted local educational agencies.
Bill· HRH.R. 2834 (104th)referred
United States · United States Congress · 22 December 1995
Federal Accountability and Institutional Reform in Education Act of 1995 - Amends the Higher Education Act of 1965 (HEA) to revise the accountability provisions and reform certain programs of such Act. (Sec. 3) Revises provisions for student loan cohort default management. Requires proof that the institution was contacted, under certain administrative and fiscal procedures. Requires, under certain reimbursement provisions, a demonstration (rather than a certification) to the Secretary of Education that diligent attempts, including direct contact with the institution, have been made. Prohibits the Secretary from reimbursing or permitting any eligible lender, servicer, or guaranty agency (or its affiliates) who previously filed a claim for reimbursement on a loan to retain any proceeds from rehabilitation of a defaulted loan to the extent that such funds, when added to the amount of prior reimbursement, exceed the whole amount of the original principal of the loan. Revises provisions relating to notice to the Secretary, payment of loss, and cohort default rate. Directs the Secretary to: (1) report annually to the Congress that lenders, servicers and guaranty agencies have attested to their compliance with servicing and due diligence requirements; and (2) provide information on the successful practices of low-default lenders, servicers, and guaranty agencies to other financial, servicing, and guaranty institutions participating in HEA student aid programs, to encourage duplication of successful servicing and collection programs. Requires that certain mitigating circumstances, which allow an institution to continue in the student loan insurance program despite its having a high default rate, be uniformly applied to all eligible institutions, requiring that they meet the following criteria: (1) at least 50 percent of the students enrolled in eligible programs qualify for a Pell grant; (2) an institution's student completion rate is 60 percent or greater; and (3) the initial job placement rate of program graduates is 60 percent or greater. (Sec. 4) Revises the definition of proprietary institution of higher education, for purposes of eligibility for HEA student aid programs. Requires, for purposes of the requirement that such an institution have at least 15 percent of its revenues from sources that are not derived from funds provided under HEA student aid programs, a review by the institution's independent auditor using generally accepted accounting principles. Requires further that revenues from sources that are not derived from HEA student aid program funds include revenues from programs of education or training that do not meet the definition of an eligible program, but are provided on a contractual basis under Federal, State, or local training programs, to business and industry, or to other eligible applicants. Prohibits the Secretary from considering the financial information of any institution for a fiscal year that began on or before April 30, 1994. (Sec. 5) Revises accounting procedures for institutional program participation to require that specified information be based on an audited financial statement using any generally accepted accounting principles.
Bill· HRH.R. 2830 (104th)referred
United States · United States Congress · 22 December 1995
Campaign Finance Reform, Fairness, and Citizens Involvement Act - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit: (1) a candidate for Representative in, or Delegate or Resident Commissioner to, the Congress, for a reporting period for an election, from accepting contributions from persons other than in-State individual residents in excess of 50 percent of the total of contributions accepted; and (2) any person from acting as an intermediary or conduit for any contribution from another in the form of a check or other negotiable instrument that is made payable to a candidate for Federal office or a campaign committee of such candidate. Amends the Internal Revenue Code to allow an individual to take a tax credit for up to $100 ($200 for a joint return) of Federal campaign contributions, subject to verification procedures. Limits the exemption from taxation on labor, agricultural, or horticultural organizations to such organizations which do not participate or intervene in any political campaign on behalf of, or in opposition to, any candidate for public office. Sets forth or revises provisions regarding: (1) denial of a tax exemption by reason of expenditures to influence legislation; (2) a prohibition on treatment as a civic league or organization not organized for profit because of substantial lobbying or political activities; (3) taxation of excess expenditures to influence legislation; (4) taxation of political expenditures generally; (5) termination assessments for flagrant political expenditures; (6) actions to enjoin flagrant political expenditures; and (7) declaratory judgments relating to status as exempt labor, agricultural, or horticultural organizations. Amends FECA to prohibit an eligible House of Representatives candidate, with respect to an election, from: (1) making expenditures totaling more than $500,000; and (2) using more than $25,000 from such candidate's personal funds. Provides that if any opponent of an eligible House candidate uses more than $50,000 from personal funds with respect to an election, specified limits shall be inapplicable to contributions to the eligible House candidate by individuals who are residents of the State in which the congressional district involved is located. Specifies that any payment by the national or State committee of a political party or by a corporation or labor organization for a mixed political activity: (1) shall be subject to limitation and reporting under FECA as if such payment were an expenditure; and (2) may be paid only from an account that is subject to the FECA requirements. Repeals the building fund exception to the definition of the term "contribution." Amends the Communications Act of 1934 to revise provisions regarding broadcast media rates to provide that charges made for the use of any broadcasting station by a legally qualified candidate for public office in connection with such person's nomination campaign shall not exceed, during the 30 days preceding the date of a primary or primary runoff election and the 60 days preceding the date of a general or special election in which such person is a candidate, the lowest charge of the station for the same amount of time for the same period on the same date. Specifies that, in the case of an eligible House candidate, the charges for the use of a broadcasting station during such 30- and 60-day periods shall not exceed 50 percent of such lowest charge. Prohibits a licensee from preempting the use, during any such period, of a broadcasting station by an eligible House candidate who has purchased and paid for such use, with an exception for circumstances beyond the station's control. Allows the Federal Communications Commission to revoke any station license or construction permit for willful or repeated failure to allow reasonable access to, or to permit purchase of reasonable amounts of time for the use of, a broadcasting station by a legally qualified candidate for Federal elective office on behalf of his or her candidacy under the same terms, conditions, and business practices as apply to its most favored advertiser. Amends Federal law to include the principal campaign committee of an eligible House candidate within the term "qualified political committee" (thus making such committee eligible for reduced postage rates).
Bill· HRH.R. 2837 (104th)referred
United States · United States Congress · 22 December 1995
Provides that any individual who performs Operation Joint Endeavor services (United Nations-sponsored peacekeeping activities in Bosnia and Herzegovina) shall be entitled to the same tax benefits under the Internal Revenue Code that are provided to U.S. military personnel who perform service in an area designated by the President as a combat zone. Makes this Act effective for periods beginning on or after December 4, 1995.
Law· HJRESH.J.Res. 136 (104th)enacted
United States · United States Congress · 22 December 1995
TABLE OF CONTENTS: Title I: Aid to Families with Dependent Children and Foster Care and Adoption Assistance Title II: District of Columbia Title I: Aid to Families with Dependent Children and Foster Care and Adoption Assistance - Makes continuing appropriations for FY 1996, at a level that is to be no more than the current level, for the following: (1) all projects and activities funded under the account heading "Family support payment to States" (Aid to Families with Dependent Children) under the Administration For Children and Families in the Department of Health and Human Services; (2) all projects and activities funded under the account heading "Payments to States for foster care and adoption assistance" (Foster Care and Adoption Assistance) under the Administration for Children and Families in the Department of Health and Human Services; and (3) all administrative activities necessary to carry out the above projects and activities. (Sec. 106) Makes appropriations in this title available, unless otherwise provided for in this title or an applicable appropriations Act, until the first of the following events: (1) enactment of an appropriation for any project or activity of this title; (2) enactment of the applicable appropriations Act without any provision for such project or activity; or (3) January 3, 1996. Title II: District of Columbia - Makes continuing appropriations for FY 1996, at a level that is to be no more than the current level, for the District of Columbia. (Sec. 206) Makes appropriations in this title available, unless otherwise provided for in this title or an applicable appropriations Act, until the first of the following events: (1) enactment of an appropriation for any project or activity of this title; (2) enactment of the applicable appropriations Act without any provision for such project or activity; or (3) January 3, 1996. (Sec. 211) Provides that if funding is not provided for an ongoing project or the project's rate of operations is significantly reduced it may be continued at a minimal level. Defines minimal level as the current rate reduced by 25 percent. (Sec. 216) Prohibits the use of funds appropriated under this title to implement any system of registration of unmarried cohabiting couples, whether homosexual, lesbian, or heterosexual.
Bill· HJRESH.J.Res. 137 (104th)referred
United States · United States Congress · 22 December 1995
Amends a specified Federal law making continuing appropriations to extend the specific termination date of appropriations and authority under that Act to September 30, 1996 (currently, December 15, 1995). Removes provisions of that law prohibiting distributions and grants in FY 1996 for programs that had high initial rates of operation or complete distribution of funding at the beginning of FY 1995. Mandates compensation at standard rates for any U.S. or District of Columbia officer or employee furloughed because of a lapse in appropriations after December 15, 1995. Ratifies certain types of obligations incurred in anticipation of the appropriations made and authority granted by this resolution.
Resolution· HRESH.Res. 321 (104th)passed
United States · United States Congress · 21 December 1995
Directs the House Committee on Rules to report a resolution providing for the consideration of H.R. 2530 (Federal budget revisions).
Bill· HRH.R. 2814 (104th)open
United States · United States Congress · 20 December 1995
TABLE OF CONTENTS: Title I: Construction Authorization Title II: Strategic Planning for Health Care Resources Title I: Construction Authorization - Authorizes the Secretary of Veterans Affairs to carry out specified major medical facility projects, in specified amounts, in Florida, California, Pennsylvania, Illinois, Indiana, Maryland, North Carolina, Texas, and Arizona. Provides an obligation limitation with respect to two outpatient clinic projects. (Sec. 102) Authorizes the Secretary to enter into leases for two medical facilities in Florida and New York, in specified amounts. (Sec. 103) Authorizes appropriations to the Secretary for FY 1996 for two Construction, Major Projects, accounts and for the Medical Care account, in specified amounts, with a limitation. (Sec. 104) Directs the Secretary to report to the Senate and House Veterans' Affairs Committees (veterans' committees) on the health care needs of veterans in east central Florida. Prohibits the obligation of funds for the conversion of the former Orlando Naval Training Center Hospital in Orlando, Florida, until such report is submitted. Title II: Strategic Planning for Health Care Resources - Directs the Secretary, based on an analysis and recommendations of the Under Secretary for Health, to submit to the veterans' committees an annual report regarding long-range health planning of the Department of Veterans Affairs. Directs the Secretary to report annually to such committees showing the current Department priorities (listing the top 20) for proposed major medical construction projects. (Sec. 202) Specifies additional information required to be included in a prospectus submitted by the Secretary to the veterans' committees in connection with proposed medical facilities. (Sec. 203) States that the definition of "major medical facility project" shall include a project involving a total expenditure of more than $5 million in the case of a project which is principally for the alteration of a medical facility in order to provide additional space for the provision of ambulatory care. Repeals a provision of the Veterans' Medical Programs Amendments of 1992 which makes inapplicable to projects for which funds were appropriated prior to the enactment of such Act a prohibition on the appropriation, obligation, or expenditure of funds for any major medical facility project unless funds for such project have been specifically authorized by law. Prohibits the Secretary from obligating funds in excess of $500,000 from the Advance Planning Fund of the Department toward design or development of a major medical facility project until the Secretary submits a report to the veterans' committees on the proposed obligation and 30 days have passed since the receipt of such report. (Sec. 205) Requires the Veterans Health Administration (VHA) to include such professional and auxiliary services as the Secretary finds necessary to carry out VHA functions. Requires the Under Secretary for Health to ensure that his office is staffed so as to provide appropriate expertise. Amends Federal provisions concerning the Office of the Under Secretary to: (1) repeal the requirement that the Associate Deputy Under Secretary for Health be a qualified doctor of medicine; (2) no longer require such Office to include a Director of Nursing Service, Pharmacy Service, Dietetic Service, Podiatric Service, and Optometric Service; and (3) no longer require one Assistant Under Secretary for Health to be a qualified doctor of dental surgery or dental medicine and another to be a qualified physician trained in geriatrics.
Bill· HRH.R. 2813 (104th)referred
United States · United States Congress · 20 December 1995
Directs the Secretary of Veterans Affairs to ensure that: (1) in any case during FY 1996 in which appropriations are not otherwise available for programs, projects, and activities of the Department of Veterans Affairs, payments of existing veterans' benefits and payments to contractors of the Veterans Health Administration for patient health and safety services are still made; and (2) in any case during FY 1996 in which certain Government functions are delayed, deferred, or canceled due to a limitation on the ability to borrow funds, payments of existing veterans' benefits are still made.
Law· HJRESH.J.Res. 134 (104th)enacted
United States · United States Congress · 20 December 1995
Makes appropriations, in any case during FY 1996 in which appropriations are not otherwise available for the programs and activities of the Department of Veterans Affairs, to ensure payment of the following: (1) existing veterans' benefits; and (2) Veterans Health Administration contractors when due for services provided that relate directly to patient health.
Resolution· HRESH.Res. 318 (104th)passed
United States · United States Congress · 20 December 1995
Waives points of order against the consideration of the conference report on H.R. 1655 (intelligence and intelligence-related activities funding).
Resolution· HRESH.Res. 317 (104th)passed
United States · United States Congress · 20 December 1995
Sets forth the rule for the consideration of H.J. Res. 134 (continuing appropriations).
Bill· HRH.R. 2811 (104th)referred
United States · United States Congress · 19 December 1995
Amends the Military Construction Authorization Act for Fiscal Year 1993 to designate the Calverton Pine Barrens in Calverton, New York, as the Otis G. Pike Preserve.
Law· HRH.R. 2808 (104th)enacted
United States · United States Congress · 19 December 1995
Amends the Middle East Peace Facilitation Act of 1994, as contained in the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995, and as amended by other Federal law, to extend, from December 31, 1995, through March 31, 1996, the President's authority to suspend specified prohibitions against foreign and United Nations assistance to the Palestine Liberation Organization (PLO), the receipt or expenditure of PLO funds, and PLO membership in the International Monetary Fund, upon certification to specified congressional committees that: (1) such waiver is in the national interest; and (2) the PLO continues to abide by commitments made in letters to Israel and the Foreign Minister of Norway and under the Declaration of Principles signed in September 1993.
Bill· HRH.R. 2809 (104th)referred
United States · United States Congress · 19 December 1995
Amends the Internal Revenue Code to eliminate the requirement that States pay unemployment compensation on the basis of services performed by election officials or workers if remuneration for a calendar year is expected to be less than $200.
Bill· HRH.R. 2812 (104th)referred
United States · United States Congress · 19 December 1995
Amends the Internal Revenue Code to set the rate of the excise tax on liquefied natural gas at 4.3 cents per gallon (rather than, as under current law, at the rate of tax on gasoline).
Bill· HRH.R. 2810 (104th)referred
United States · United States Congress · 19 December 1995
Amends the Internal Revenue Code to allow a cafeteria plan to include an eligible deferred compensation plan if the cafeteria plan also provides for a qualified cash or deferred arrangement adopted by a State or local government or political subdivision before May 6, 1986.
Bill· HRH.R. 2806 (104th)open
United States · United States Congress · 18 December 1995
Venture Capital Marketing Association Charter Act - Amends the Small Business Investment Act of 1958 (the Act) to establish the Venture Capital Marketing Association (VCMA) as a private, tax-exempt corporation in the Washington, D.C., metropolitan area. Requires a permanent VCMA Board of Directors of 15 members. Outlines administrative provisions with respect to VCMA, including provisions regarding an interim Board, member terms, and general powers. Requires VCMA to have and issue voting and nonvoting common stock, as well as nonvoting preferred stock. Directs VCMA to require each small business investment company (SBIC) to make payments to VCMA of a specified percentage of its nonrefundable capital contributions, so that VCMA may accumulate funds for its capital surplus account (account). Requires VCMA to issue voting common stock to such SBICs in an amount equal to their contributions. Authorizes VCMA, in order to accumulate additional funds in the account, to issue voting common stock to private investors other than SBICs. Outlines rights of holders of nonvoting common and preferred stock. Authorizes depository institutions to make payments of capital contributions to VCMA and to receive VCMA stock. Authorizes VCMA to issue and have outstanding obligations having such maturities and bearing such rates of interest as may be determined by a Board majority. Authorizes the Secretary of the Treasury to purchase and sell any obligation issued by VCMA, but limits to $1 billion the total outstanding VCMA obligations authorized to be held by the Secretary. Treats all obligations issued and guaranteed by VCMA as lawful investments and exempt securities as defined under the Federal Reserve Act and public finance law. Authorizes VCMA, after its permanent Board is elected, to purchase, sell, and otherwise deal in small business investment securities (securities). Provides for perfection of interests in such securities under the Uniform Commercial Code. Authorizes and directs the Small Business Administration (SBA) to enter into a contract with VCMA under which VCMA manages and services all securities and commitments outstanding, and all assets held by SBA in default or liquidation status, as the result of liquidation or default proceedings by SBICs. Provides contract terms and conditions. Requires a VCMA report to the Senate and House Small Business Committees (small business committees) describing the activities of SBA and VCMA under such contract. Directs VCMA to: (1) establish appropriate criteria for the qualification of SBICs to conduct business with VCMA; and (2) redetermine such qualifications upon a change of control due to a transfer of ownership. Requires each SBIC authorized to operate with VCMA to have private capital of no less than $5 million, with an exception for licensees in good standing at the time SBA receives notice that VCMA is ready to do business with a permanent Board. Makes national banks of the Federal Reserve System and nonmember insured banks as permitted under State law eligible to purchase ownership interests in SBICs. Authorizes each SBIC to purchase VCMA stock and to borrow money and issue debentures and other obligations or securities, subject to VCMA rules. Makes certain provisions of the Act inapplicable to SBICs. Directs VCMA to contract with qualified SBICs to carry out the purposes of this Act. Authorizes or directs qualified SBICs to: (1) provide equity capital and loans to small business concerns; (2) follow VCMA conflict-of-interest rules, as well as rules restricting SBIC control of small businesses that have borrowed from such SBIC; (3) invest only in small business concerns which are independently owned and operated, are not dominant in their field of operations, and maintain specified limits on net worth and income; and (4) provide financings of small businesses for a minimum of five years, with a limitation on the amount of obligations and securities invested in a single enterprise. Prohibits SBICs from financing a small business for purposes of relending, foreign or passive investments, or the acquisition of real estate. Directs the Board to require each SBIC to adopt rules for the determination of the value of investments made by such company. Requires the Board to adopt rules to minimize the risk of loss to VCMA on the total amount of securities issued by any individual SBIC or by SBICs under common control. Requires each SBIC to undergo financial audits at least annually, and compliance audits at least every two years. Directs VCMA to adopt appropriate measures to ensure compliance by SBICs with the requirements of this section. Provides penalties for SBIC noncompliance. Preempts State law with respect to any business loan made by an SBIC under this Act. Limits the total amount of leverage that may be provided by VCMA to an SBIC to 300 percent of such company's private capital, as determined under a specified leveraging formula. Requires VCMA accounts to be audited annually, and a report on such audit results to be made by the Office of Investment Oversight to the President and the small business committees. Establishes in SBA an Office of Investment Oversight (Office), headed by a Director, to review and report on the regulatory and financial performance of VCMA. Requires the Director to establish a risk-based capital test to determine the amount of regulatory capital sufficient for VCMA to maintain positive capital during a ten-year period in which specified circumstances occur. Provides considerations for establishing such test and requires the Director to examine and revise such test six years after the enactment of this Act. Provides, for purposes of such test, the amount of: (1) risk- based capital level; (2) minimum capital level; (3) critical capital level; and (4) VCMA enforcement levels (requiring such enforcement level to be determined no less than semiannually). Requires notification to the Congress when VCMA reaches levels II or III (poorer levels as to minimum capital and critical capital levels). Requires specified mandatory VCMA actions when its enforcement levels fall to II or III, including submission to the Director for approval of a capital restoration plan. Provides mandatory and discretionary Director supervisory actions applicable to a VCMA that reaches a level III enforcement level. Provides access by the small business committees of VCMA books and records and subjects such records to examination by the General Accounting Office (GAO). Authorizes the Office to review the VCMA's criteria for the qualification of SBICs to conduct business with VCMA, as well as VCMA's rules governing SBIC operations. Requires an annual VCMA report to the President, SBA, and the small business committees on its operations and activities during the previous fiscal year. Requires a GAO report to the small business committees on the impact of VCMA. Directs SBA to furnish to VCMA all necessary books and records to carry out their purposes under this Act. Allows licensees (SBICs currently in good standing with the SBA under loan agreements) three months to qualify for loans and guarantees from VCMA.
Bill· HRH.R. 2800 (104th)referred
United States · United States Congress · 18 December 1995
TABLE OF CONTENTS: Title I: Tax and Trust Fund Title II: Educational Enhancement Education Trust Fund Act - Title I: Tax and Trust Fund - Amends the Internal Revenue Code to impose an additional five percent tax on the net payment of wagering proceeds paid during any calendar quarter. Reduces the tax imposed on the net wagering proceeds (but not below zero) by an amount credited for the dedicated State tax imposed on such proceeds. Limits the tax imposed to apply only to wagers accepted in the United States or placed by a person who is in the United States: (1) with a person who is a U.S. citizen or resident; or (2) in a wagering pool or lottery conducted by a U.S. citizen or resident. (Sec. 102) Establishes the National Education Trust Fund to consist of such amounts as may be appropriated or credited to such Fund. Authorizes appropriations to the Fund in amounts equivalent to the net revenues received in the Treasury from the taxes imposed on wagers. Requires that amounts in the Fund be made available only for the purposes of making expenditures to carry out title II of the Education Trust Fund Act. Title II: Educational Enhancement - Permits the use of funds from the Fund by local educational agencies only for educating students, including improving classroom instructional materials, renovating or building school facilities and buildings, and increasing teacher salaries. (Sec. 202) Authorizes the Secretary of Education to provide grants from the Fund to State educational agencies for use by local educational agencies to improve education in elementary and secondary schools for the purposes described in the preceding clause. Requires that 74 percent of the funds from such fund be made available for grants to local educational agencies and sets forth a specified formula for the amount a local educational agency in a State, the District of Columbia, and Puerto Rico is eligible to receive for any fiscal year. (Sec. 203) Provides for low-interest loans from the Fund to local educational agencies for any fiscal year payable over a period not to exceed 30 years. Requires that 24 percent of the funds from such fund be made available for loans to local educational agencies and sets forth a specified formula for the amount a local educational agency in a State, the District of Columbia, and Puerto Rico are eligible to receive for any fiscal year. Requires that interest on a loan be based upon administrative costs, but not exceed two percent of the loan amount. (Sec. 204) Establishes the National Commission on Educational Enhancement to make recommendations to the Secretary of Education to enhance educational programs for elementary and secondary school students, including the purchasing of necessary textbooks and providing a safe physical environment by improving the structural soundness of school facilities. Directs that the Commission be composed of nine members with not less than two individuals to represent local educational agencies, teachers or principals, and parents. Prohibits members of the Commission who are full-time officers or employees of the United States or Members of Congress from receiving additional pay, allowances, or benefit by reason of their service on the Commission. Requires that the Commission transmit an annual report to the Secretary of Education, President, and the Congress containing a detailed statement of the findings and conclusions of the Commission and a review of how funds from the Fund were spent. Allows two percent of the funds made available for the Trust Fund to be used by the Commission.
Bill· HJRESH.J.Res. 132 (104th)open
United States · United States Congress · 18 December 1995
Affirms that the current negotiations between Congress and the President shall be based on the most recent technical and economic assumptions of the Congressional Budget Office, and that the Congress is committed to reaching an agreement this year with the President on legislation that will achieve a balanced budget by fiscal year 2002 as estimated by the Congressional Budget Office.
Bill· HJRESH.J.Res. 133 (104th)referred
United States · United States Congress · 18 December 1995
Makes continuing appropriations for FY 1996, at a level that is to be no more than the current level, for the District of Columbia. (Sec. 106) Makes appropriations in this joint resolution available, unless otherwise provided for in this joint resolution or an applicable appropriations Act, until the first of the following events: (1) enactment of an appropriation for any project or activity of this joint resolution; (2) enactment of the applicable appropriations Act without any provision for such project or activity; or (3) December 27, 1995. (Sec. 107) Prohibits the expenditure of funds for any abortion except where the life of the mother would be endangered if the fetus were carried to term or where the pregnancy is the result of an act of rape or incest. (Sec. 111) Provides that if funding is not provided for an ongoing project or the projects's rate of operations is significantly reduced, it may be continued at a minimal level. Defines minimal level as the current rate reduced by 25 percent. (Sec. 116) Prohibits the use of funds appropriated under this joint resolution to implement any system of registration of unmarried cohabiting couples, whether homosexual, lesbian, or heterosexual.
Resolution· HRESH.Res. 309 (104th)passed
United States · United States Congress · 18 December 1995
Sets forth the closed rule for the consideration of H.Con. Res. 122 (congressional budget).
Resolution· HCONRESH.Con.Res. 122 (104th)passed
United States · United States Congress · 18 December 1995
Sets forth the congressional budget for FY 1996, including the appropriate budgetary levels for FY 1997 through 2002. Sets forth recommended budgetary levels for Federal revenues, total new budget authority, total budget outlays, budget deficits, and public debt. (Sec. 3) Sets forth the increase in the public debt subject to limitation. (Sec. 4) Sets forth for each major functional category the appropriate levels of new budget authority and budget outlays for FY 1996 through 2002. (Sec. 5) Requires, on adoption of this resolution, the chairmen of the Budget committees of the House of Representatives and the Senate to each file reconciliation directives in the Congressional Record to effectuate this resolution. Deems, for the Congressional Budget Act of 1974, those directives to be reconciliation directives set forth in this revised concurrent resolution on the budget.
Bill· SS. 1481 (104th)referred
United States · United States Congress · 15 December 1995
Amends the Internal Revenue Code to provide for the nonrecognition of gain for sales of stock of a qualified refiner or processor to an eligible farmer's cooperative. Raises from 30 to 100 percent the amount of stock an employee stock ownership (ESOP) plan or cooperative must hold after a sale. Sets forth provisions concerning the determination of whether any stock in the domestic corporation is a qualified security.
Bill· HRH.R. 2785 (104th)referred
United States · United States Congress · 15 December 1995
Repeals specified provisions of the Lobbying Disclosure Act of 1995 which make tax-exempt organizations that engage in lobbying activities ineligible for the receipt of Federal awards, grants, contracts, loans, or any other form of Federal funds.
Bill· HRH.R. 2789 (104th)referred
United States · United States Congress · 15 December 1995
Intercity Passenger Rail Trust Fund Act of 1995 - Amends the Internal Revenue Code to establish the Intercity Passenger Rail Trust Fund to finance qualified expenses of: (1) the National Railroad Passenger Corporation; and (2) eligible States. Makes appropriations in specified amounts for FY 1996 through 2000 to such Fund. Directs the Secretary of Transportation, by October 1, 2000, to determine and retain the amount in the Intercity Passenger Rail Fund necessary to pay any outstanding qualified expenses and to transfer any amount not so retained to the Mass Transit Fund. Authorizes the Secretary to transfer from time to time from the Highway Trust Fund to the Intercity Passenger Rail Trust Fund the intercity passenger rail portion of specified funds appropriated to the Highway Trust Fund.
Bill· HRH.R. 2788 (104th)referred
United States · United States Congress · 15 December 1995
Directs the President, as soon as practicable, to enter into negotiations to revise the host-nation agreement with each member of the North Atlantic Treaty Organization (NATO) and Japan to require such countries to agree to assume, by September 30, 1997, all costs incurred by the United States due to the presence of U.S. military personnel in such countries. Provides that if such agreement revision is not entered into, the President shall order the phased withdrawal of U.S. troops from such countries until all such troops are withdrawn by September 30, 1999.
Bill· HRH.R. 2780 (104th)referred
United States · United States Congress · 14 December 1995
Declares that any officer or employee of the U.S. Government or of the District of Columbia (D.C.) government who is permitted or required to serve during the period of any lapse in appropriations for the officer's or employee's agency shall be compensated at the standard rate for such period. Declares that any U.S. or D.C. officer or employee furloughed during any such period shall not be entitled to basic pay with respect to any portion of such period, except that any such person willing and able to serve during the period shall be permitted to serve, and shall be compensated accordingly.
Bill· HRH.R. 2783 (104th)referred
United States · United States Congress · 14 December 1995
Amends the Foreign Assistance Act of 1961 to authorize the President, for FY 1997 through 2001, to issue up to $10 billion in guarantees (up to $2 billion per fiscal year) assuring against losses incurred in connection with securities issued by the Government of the Republic of Ireland in support of efforts to promote economic development and job creation activities in such Republic, especially in the six border counties of such Republic and in the six counties of Northern Ireland. Sets forth guarantee amounts for such period. Requires the President to notify the appropriate congressional committees near the end of each fiscal year of his intentions regarding the exercise of such authority during the next fiscal year. Prescribes security guarantee terms and conditions.
Law· HRH.R. 2778 (104th)enacted
United States · United States Congress · 14 December 1995
Provides that any individual who performs Operation Joint Endeavor services (United Nations-sponsored peacekeeping activities in Bosnia and Herzegovina) shall be entitled to the same tax benefits under specified provisions of the Internal Revenue Code that are provided to U.S. military personnel who perform service in an area designated by the President as a combat zone. Makes this Act effective for periods beginning on or after December 4, 1995.
Resolution· HRESH.Res. 307 (104th)passed
United States · United States Congress · 14 December 1995
Waives points of order against the consideration of the conference report on H.R. 1530 (national defense authorization).
Bill· HRH.R. 2771 (104th)referred
United States · United States Congress · 13 December 1995
Congressional Pay for Performance Act - Sets forth a formula by which the rate of basic pay for each Member of Congress will be reduced effective as of the first applicable pay period of the first calendar year beginning after the end of a fiscal year from FY 1996 through 2001 for which the Federal deficit exceeds the deficit target by more than $1 billion. Reduces such rate to zero if the Federal deficit for FY 2002 is $1 billion or greater, effective as of the first day of the first applicable pay period in calendar year 2003. Provides that if the Federal deficit for any of FY 1996 through 2001, inclusive, is less than $1 billion, each Member's salary shall be restored to the rate in effect as of December 31, 1995, and this Act shall cease to be effective. Requires, for purposes of this Act, the size of the Federal deficit for any fiscal year to be determined by the Congressional Budget Office (in writing): (1) on the basis of the Final Monthly Treasury Statement of Receipts and Outlays of the Federal Government, published by the Department of the Treasury; and (2) excluding any increase in tax revenues, attributable to the fiscal year involved, which occurs by reason of any provision of law enacted after this Act's enactment. Provides that an individual's salary for the duration of his or her first term of office as a Member of Congress shall be determined as if this Act had never been enacted. Provides for suspension of this Act in time of war. Repeals provisions of the Legislative Reorganization Act of 1946 which provide for automatic annual pay adjustments for Members of Congress.
Bill· HRH.R. 2776 (104th)referred
United States · United States Congress · 13 December 1995
Amends the Internal Revenue Code to exclude from gross income military compensation received by enlisted personnel and commissioned officers of the armed forces for active service in a contingency operation zone in the same manner as if such service was performed in a combat zone. Increases the income exclusion limit to $2,400 for military compensation received by a commissioned officer for active service in a combat zone or a contingency operation zone.
Bill· HJRESH.J.Res. 131 (104th)referred
United States · United States Congress · 13 December 1995
Amends a specified Federal law making continuing appropriations to extend the specific termination date of appropriations and authority under that Act to January 26, 1996 (currently, December 15, 1995). Prohibits making, during FY 1996, an adjustment of compensation elements of members of the uniformed services otherwise mandated by specified Federal law. Increases the rates of basic pay, basic allowance for subsistence, and basic allowance for quarters of such members by specified percentages. Makes the FY 1996 increase in military retired pay first payable for the month of March 1996. Mandates and authorizes transfer from other funds available to the Department of Defense sums as necessary to carry out this paragraph.
Resolution· HRESH.Res. 301 (104th)passed
United States · United States Congress · 13 December 1995
Waives points of order against the consideration of the further conference report on H.R. 1977 (Department of the Interior and related agencies appropriations).
Bill· SS. 1470 (104th)open
United States · United States Congress · 12 December 1995
Senior Citizens' Freedom to Work Act of 1995 - Amends title II (Old-Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to provide, through adjustments in the monthly exempt amount, for increases in the amounts of allowable earnings under the Social Security earnings limit for individuals who have attained retirement age. Retains the current limit on substantial gainful activity earnings applicable to individuals under age 65 who are eligible for disability benefits based on blindness. (Sec. 3) Provides that an individual shall not be considered to be disabled for OASDI purposes, or for supplemental security income (SSI) purposes under SSA title XVI (thus denying them benefits), if alcoholism or drug addiction would be a contributing factor material to the determination of disability. (Continues disability benefits based on a separate disabling condition to individuals also disabled by drug addiction or alcoholism.) Requires the payment of OASDI or SSI benefits based on disability to a representative payee if such payment would serve the interest of an individual who also has an alcoholism or drug addiction condition that prevents the individual from managing such benefits. Requires the Commissioner of Social Security (the Commissioner) to refer such individual to the appropriate State agency administering the approved State plan for substance abuse treatment services. Appropriates additional specified amounts to supplement State and Tribal alcohol and substance abuse treatment programs funded under the Public Health Service Act. Requires State or Tribal governments receiving such an allotment to consider as priorities activities relating to the treatment of the abuse of alcohol and other drugs. (Sec. 4) Bases entitlement of stepchildren to child's insurance benefits solely on their actual dependency on stepparent support. Repeals the requirement that the stepchild actually be living with the stepparent. Requires termination of any child's insurance benefits based on the wages and self-employment income of the stepparent the month after the month in which the natural parent's divorce from the stepparent becomes final. (Sec. 5) Establishes a Continuing Disability Review Administration Revolving Account for OASDI disability benefits in the Federal Disability Insurance Trust Fund. Directs the Chief Actuary of the Social Security Administration (Chief Actuary), as established by this Act, to estimate annually the present value of savings to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund which will accrue for all years because of cessations of benefit payments resulting from continuing disability reviews carried out pursuant to specified requirements during the fiscal year. Directs the Managing Trustee to: (1) transfer to the Account from amounts otherwise in the Trust Fund an amount equal to the estimated savings certified by the Chief Actuary; and (2) make available to the Commissioner from funds in the Account an amount certified by the Chief Actuary as currently required to meet expenditures necessary to provide for required continuing disability reviews (including expenditures for the cost of staffing, training, purchase of medical and other evidence, and processing related to appeals and overpayments and related indirect costs). Includes as required information in a specified annual report a final accounting of amounts transferred to the Continuing Disability Review Administration Revolving Account in the Federal Disability Insurance Trust Fund during the year, including a comparison of the number of continuing disability reviews conducted during the year with the estimated number of continuing disability reviews upon which the estimate of such expenditures was made. Terminates the Continuing Disability Review Administration Revolving Account at the end of FY 2002, providing that any balance in such Account shall revert to funds otherwise available in the Federal Disability Insurance Trust Fund. Provides for appointment by the Commissioner of a Chief Actuary in the SSA. (Sec. 6) Prohibits, with respect to the Federal Old-Age and Survivors Insurance, Disability Insurance, Hospital Insurance, and Supplementary Medical Insurance Trust Funds, Federal officials or employees from: (1) delaying the deposit of any amount into (or delaying the credit of any amount to) any such fund or otherwise varying from the normal terms, procedures, or timing for making such deposits or credits; (2) refraining from the investment in public debt obligations of amounts in any such fund, if a purpose of such action or inaction is to not increase the amount of outstanding public debt obligations; or (3) disinvesting amounts in any such fund which are invested in public debt obligations, if a purpose of the disinvestment is to reduce the amount of outstanding public debt obligations. Provides, however, that, during any period for which cash benefits or administrative expenses would not otherwise be payable from a Federal fund by reason of an inability to issue further public debt obligations because of the applicable public debt limit, public debt obligations held by such Federal fund shall be sold or redeemed: (1) only for the purpose of making payment of such benefits or administrative expenses; and (2) only to the extent cash assets of the Federal fund are not available from month to month for making payment of such benefits or administrative expenses. Authorizes the Secretary of the Treasury, in undertaking the sale or redemption of public debt obligations held by a Federal fund, and with three days prior notice to the Congress and the Comptroller General, to issue corresponding public debt obligations to the public in order to obtain the cash necessary for payment of benefits or administrative expenses from such Federal fund, notwithstanding the public debt limit.
Bill· HRH.R. 2761 (104th)referred
United States · United States Congress · 12 December 1995
Amends the Internal Revenue Code to allow a seller who has reacquired real property to elect to treat indebtedness secured by such property as an overpayment of tax in lieu of a basis increase if: (1) such debt has original issue discount; and (2) the seller used the cash receipts and disbursements method of accounting.
Resolution· HRESH.Res. 297 (104th)passed
United States · United States Congress · 12 December 1995
Waives provisions of rule XI of the Rules of the House of Representatives that require a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to resolutions reported by such Committee for the remainder of the first session of the 104th Congress to provide for the consideration or disposition of any of the following measures, including any amendment, conference report, or any amendment from conference in disagreement thereon: (1) a bill making general appropriations for FY 1996; (2) a bill or joint resolution making further continuing appropriations for such fiscal year or increasing or waiving (for a temporary period or otherwise) the public debt limit; (3) a bill providing for a balanced budget by 2002; or (4) a bill or joint resolution relating to the deployment of U.S. armed forces in and around the territory of the Republic of Bosnia and Herzegovina.
Resolution· HRESH.Res. 296 (104th)passed
United States · United States Congress · 12 December 1995
Sets forth the rule for the consideration of a motion to dispose of a certain Senate amendment to H.R. 1868 (foreign operations appropriations).
Bill· SS. 1466 (104th)referred
United States · United States Congress · 11 December 1995
Senior Citizens' Right to Work Act of 1995 - Amends title II (Old-Age, Survivors, and Disability Benefits) (OASDI) of the Social Security Act to provide, through adjustments in the monthly exempt amount, for increases in the amounts of allowable earnings under the Social Security earnings limit for individuals who have attained retirement age. Retains the current limit on substantial gainful activity earnings applicable to individuals under age 65 who are eligible for disability benefits based on blindness. (Sec. 3) Establishes a Continuing Disability Review Administration Revolving Account for OASDI disability benefits in the Federal Disability Insurance Trust Fund. Directs the Chief Actuary of the Social Security Administration (SSA) to estimate annually the present value of savings to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund which will accrue for all years as a result of cessation of benefit payments resulting from continuing disability reviews carried out pursuant to specified requirements during the fiscal year. Directs the Managing Trustee to: (1) transfer to the Account from amounts otherwise in the Trust Fund an amount equal to the estimated savings certified by the Chief Actuary; and (2) make available to the Commissioner of Social Security from funds in the Account an amount certified by the Chief Actuary as currently required to meet expenditures necessary to provide for required continuing disability reviews (including expenditures for the cost of staffing, training, purchase of medical and other evidence, and processing related to appeals and overpayments and related indirect costs). Includes under required information in a specified annual report a final accounting of amounts transferred to the Continuing Disability Review Administration Revolving Account in the Federal Disability Insurance Trust Fund during the year, the amount made available from such Account during such year pursuant to certifications made by the Chief Actuary of the SSA and expenditures made by the Commissioner of Social Security for the specified purposes during the year, including a comparison of the number of continuing disability reviews conducted during the year with the estimated number of continuing disability reviews upon which the estimate of such expenditures was made. Terminates the Continuing Disability Review Administration Revolving Account at the end of FY 2002, and provides that any balance in such Account shall revert to funds otherwise available in the Federal Disability Insurance Trust Fund. Provides for appointment by the Commissioner of a Chief Actuary in the SSA. (Sec. 4) Bases entitlement of stepchildren to child's insurance benefits solely on their actual dependency on stepparent support. Repeals the requirement that the stepchild actually be living with the stepparent. Requires termination of any child's insurance benefits based on the wages and self-employment income of the stepparent six months after the Commissioner is formally notified of the natural parent's divorce from the stepparent. (Sec. 5) Extends the length of time required for recomputation of benefits after normal retirement age. (Sec. 6) Eliminates the role of the SSA in processing attorney fees. Prohibits any person, agent, or attorney from charging in excess of $4,000 (or, if the Commissioner approves, a higher fee) for services performed in connection with any claim before the Commissioner. Directs a court, in determining a reasonable fee, to take into consideration the amount of the fee, if any, that an attorney may charge the claimant for services (eliminating the current limitation of such fee to 25 percent of the total past-due benefits to which a judgment entitles the claimant). (Sec. 7) Provides that an individual shall not be considered to be disabled for OASDI purposes, or for supplemental security income (SSI) purposes under title XVI of the Act (thus denying them benefits), if alcoholism or drug addiction would be a contributing factor material to the determination of disability. (Continues disability benefits based on a separate disabling condition to individuals also disabled by drug addiction or alcoholism.) Requires the payment of OASDI or SSI benefits based on disability to a representative payee if such payment would serve the interest of an individual who also has an alcoholism or drug addiction condition that prevents the individual from managing such benefits. Requires the Commissioner to refer such individual to the appropriate State agency administering the approved State plan for substance abuse treatment services. Appropriates additional specified amounts to supplement State and Tribal alcohol and substance abuse treatment programs funded under the Public Health Service Act. Requires State or Tribal governments receiving such an allotment to consider as priorities activities relating to the treatment of the abuse of alcohol and other drugs. (Sec. 8) Permits members of the clergy to file to revoke their exemption from social security tax coverage under the Internal Revenue Code.
Bill· HRH.R. 2756 (104th)referred
United States · United States Congress · 11 December 1995
TABLE OF CONTENTS: Title I: Federal Payments to States Title II: Requirements for Comprehensive Health Plans Title III: Financing Mechanisms Title IV: Tax Deductibility of Health Insurance American Health Security Partnership Act of 1995 - Title I: Federal Payments to States - Mandates payments to States for comprehensive health insurance plans certified under title II of this Act. Title II: Requirements for Comprehensive Health Plans - Requires each State to submit (by July 1999) and operate (by 2000) a comprehensive health insurance plan designed to be administered by the State and having at least: (1) coverage for all individuals in the State; (2) benefits comparable to that available under the Federal Employees Health Benefits Program (deeming coverage under titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to meet this requirement); (3) home- and community-based care when medically appropriate; (4) community premium rating; (5) payment by the State of supplemental amounts to ensure that all individuals may obtain coverage at reasonable rates; (6) quality control mechanisms; and (7) premium control and cost control mechanisms. (Sec. 203) Amends the Employee Retirement Income Security Act of 1974 (ERISA) to exempt from ERISA State laws conforming to or reflecting a plan certified under this Act. (Sec. 204) Amends title XIX (Medicaid) of the Social Security Act to condition Medicaid payments to a State on the State having a certified plan in effect by the deadline. (Sec. 205) Modifies the method for determining the amount of the "community spouse resource allowance" for Medicaid provisions relating to transferring resources to a community spouse. Title III: Financing Mechanisms - Amends the Internal Revenue Code (IRC) to increase the highest corporate income tax rate. (Sec. 302) Amends Medicaid provisions to reduce the maximum Federal medical assistance percentage. (Sec. 303) Amends the IRC to increase the tax rate on tobacco and related products. Title IV: Tax Deductibility of Health Insurance - Allows a tax deduction for insurance that constitutes medical care.
Bill· HRH.R. 2747 (104th)open
United States · United States Congress · 7 December 1995
Water Supply Infrastructure Assistance Act of 1995 - Directs the Administrator of the Environmental Protection Agency to make grants to States for establishing water supply infrastructure accounts in State water pollution control revolving loan fund programs to provide assistance for the construction, rehabilitation, and improvement of water supply systems. Sets forth specific requirements for grant agreements. Applies certain provisions of the Federal Water Pollution Control Act regarding authorized uses of water pollution control revolving funds, corrective action, and auditing, reporting, and fiscal controls to water supply construction accounts. Sets forth amounts to be allotted to States and U.S. territories. Reserves a specified amount for grants to Indian tribes. Directs the Administrator to develop and submit to the Congress: (1) an estimate of the cost of needed construction, rehabilitation, and improvement of water supply systems in all States; and (2) a study of the economic impact on affected units of government of the cost of installation of water supply systems. Expresses the sense of the Congress that a recipient of assistance under this Act should purchase American-made equipment and products. Directs the Administrator to provide to each recipient of assistance a notice describing such sense of the Congress. Authorizes appropriations.
Bill· HRH.R. 2749 (104th)referred
United States · United States Congress · 7 December 1995
Child Protection and Ethics I Education Act of 1995 - Directs the Comptroller General to conduct a study to determine whether programs, lectures, texts, or other pedagogical materials involving sexuality used by agencies, universities, or elementary and secondary schools (institutions) that receive Federal funds for educational purposes significantly or particularly rely on the scholarship of, directly or indirectly consisting of, or based on the studies entitled "Sexual Behavior in the Human Male" and "Sexual Behavior in the Human Female" authored by Alfred Kinsey and his team of researchers, published in 1948 and 1953 (Kinsey reports). Authorizes the General Accounting Office to evaluate whether the contents of the Kinsey reports are erroneous, wrongfully obtained by reason of fraud or criminal wrongdoing (i.e., systematic sexual abuse of children), or both. Directs: (1) the Comptroller General to complete such study and report to the Congress by May 1, 1996; and (2) the Secretary of Education, if the Comptroller General's determination is in the affirmative, to ensure that for FY 1997 and subsequent fiscal years no Federal funds are provided to any persons or institutions for any educational purpose which instruct in Kinsey's work, derivative Kinseyan scholars, or scholarship without indicating the unethical and tainted nature of the Kinsey report. Directs the chief executive officer of the State involved to certify to the Secretary which such agencies or school programs cite such materials.
Bill· HRH.R. 2742 (104th)referred
United States · United States Congress · 7 December 1995
Makes available to the Administrator of the Environmental Protection Agency a specified fraction of amounts in the Hazardous Substance Superfund for each fiscal year for a program of grants to States to be used for decontamination and remediation of brownfield sites to make such sites available for proposed new uses. Defines a "brownfield site" as a parcel of land that was previously used for industrial purposes but is contaminated with hazardous or toxic waste and not currently used for any purpose. Prohibits, with respect to a site at which decontamination or remediation is being carried out under an approved State brownfield cleanup program, any action for: (1) decontamination or remediation under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) or the Solid Waste Disposal Act; and (2) recovery of costs or damages arising from a hazardous substance release or threatened release under CERCLA against a person who is engaging or has engaged in the cleanup of such a site under a State program approved under this Act. Imposes reporting requirements upon participating States.
Bill· HRH.R. 2746 (104th)referred
United States · United States Congress · 7 December 1995
East Timor Human Rights Accountability Act - Amends the Foreign Assistance Act of 1961 to prohibit the provision of assistance under that or any other Act to the Government of Indonesia unless the President determines and certifies to the Congress that: (1) any assistance for the preceding fiscal year has not been used to violate human rights in East Timor or to support the occupation of East Timor by Indonesia; and (2) such Government has provided assurances to the President that assistance for the current fiscal year will not be used for either such purpose.
Bill· HRH.R. 2744 (104th)referred
United States · United States Congress · 7 December 1995
Postal Service Debt Reduction and Truth in Budgeting Act - Requires the Postmaster General to submit to the Congress a plan providing for: (1) the reduction of the accumulated debt of the Postal Service, by September 30, 2003, to an amount that is not more than five percent of its annual revenues; and (2) maintenance of the accumulated debt at such level. Provides that, if the reduction is achieved, the Postal Service shall have the authority on or after October 1, 2005, to have accumulated debt of not more than seven and one half percent of its annual revenues. Requires the Postmaster General to include in the submission to the Congress of the Postal Service's budget for a fiscal year a detailed accounting of actual and budgeted revenues and expenditures for the preceding fiscal year.
Bill· HRH.R. 2741 (104th)referred
United States · United States Congress · 7 December 1995
ESOP Promotion Act of 1995 - Amends the Internal Revenue Code to allow S corporations (certain small business corporations) to participate in employee stock ownership plans (ESOPs). Allows ESOP closely-held corporate sponsors to pay estate tax if an estate transferred the stock of the corporation to an ESOP. Allows the deductibility of ESOP dividends in computing alternative minimum tax if such dividends were paid on employee securities held by an ESOP established or authorized to be established before March 15, 1991. Excludes from gross income transfers of qualified securities in connection with the performance of services if such securities are sold to an ESOP within 60 days of the taxable event. Revises the voting rights requirement for an ESOP under the exclusion for interest on certain loans used to acquire employer securities by requiring that: (1) the employer of the plan has a registration-type class of securities; or (2) the plan allows each participant one vote. Allows for a qualified gratuitous transfer of remainder interest in qualified employer securities to an ESOP following the termination of payments to a charitable remainder annuity trust or a charitable remainder unitrust. Provides that securities acquired by an ESOP in a qualified gratuitous transfer allocated to any person who is related to the decedent or to any person who is a five percent shareholder be treated as having been distributed.
Bill· HRH.R. 2750 (104th)referred
United States · United States Congress · 7 December 1995
Requires, for any taxable year beginning before January 1, 1993, treating a timber industry arrangement under which up to 25 percent of a logger's compensation is treated as reimbursement for the use of the logger's chain saw as an accountable plan for purposes of Internal Revenue Code provisions relating to deductions from gross income. Makes payments under such an arrangement deductible from gross income. Waives, for one year after enactment of this Act, any law or rule of law (including res judicata) that would have been prevented the application of this Act.
Bill· SS. 1451 (104th)open
United States · United States Congress · 6 December 1995
Authorizes the Secretary of the Interior, acting through the Director of the National Park Service, to enter into an agreement with a State and its political subdivisions under which: (1) the State and political subdivision employees having the requisite expertise and background will operate components of the National Park System (NPS) in the State during any period in a fiscal year in which the Service is unable to maintain the normal level of park operations; (2) before the time when their services may be required, the Secretary, using available appropriations, will provide any training that such employees may need to perform operations; and (3) the Secretary may accept a monetary donation from a State or its political subdivision to enable the Secretary to operate NPS components during such period. Allows the Secretary, subject to the availability of appropriations, to reimburse the State and political subdivisions for costs incurred in performance of the agreement. Makes a State or its political subdivision liable to the United States in indemnification for any Federal liability imposed for an act or omission by an employee or political subdivision providing such services.