Industrial Reinvestment and Defense Diversification Act of 1992

Summary

Industrial Reinvestment and Defense Diversification Act of 1992 - Prohibits funds appropriated or made available by the Congress from being obligated or expended to maintain U.S. bases in North Atlantic Treaty Organization member countries if the countries do not enter into an agreement or agreements with the President to provide for the payment, in the aggregate (in the form of money or real or personal property), of at least one-half of the cost of maintaining and compensating U.S. armed forces stationed in such countries. Requires the President to report to the Congress describing any agreement reached pursuant to this Act. Ceases the prohibition on such obligation and expenditures of funds if an agreement is entered into after the prohibition takes effect and if the President submits a report to the Congress which describes the agreement. Establishes the Industrial Reinvestment and Defense Diversification Fund. Requires the Secretary of the Treasury to transfer quarterly to such Fund all NATO country payments to be credited to the Defense Cooperation Account under this Act. Transfers appropriated funds for operations and maintenance of U.S. military bases in Europe which are suspended by this Act from the Defense Cooperation Account to the Fund. Directs the Secretary of the Treasury to determine the aggregate amount of funds deposited to the Industrial Reinvestment and Defense Diversification Fund and to make such amount available for expenditure according to a specified formula for purposes including general assistance, energy research and development, and urban mass transit. Directs administrative agencies to formulate regulations to expedite consideration of grant applications for programs receiving increased appropriations pursuant to this Act by any State, county, or local government: (1) experiencing a level of unemployment greater than the national average, or (2) which has been determined to be substantially and seriously affected due to realignment or closure of a military installation or defense facility, or cancellation or curtailment of a major defense contract.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 12 May 1992

   Introduced

   Introduced in House

   Source: IntroReferral

2. 12 May 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 May 1992

   Introduced

   Referred to the House Committee on Armed Services.

   Source: IntroReferral

4. 14 May 1992

   Referred

   Referred to the Subcommittee on Technology and Competitiveness.

   Source: Committee

5. 18 May 1992

   Referred

   Referred to the Subcommittee on Military Installations and Facilities.

   Source: Committee

6. 18 May 1992

   Committee

   Executive Comment Requested from DOD.

   Source: Committee

7. 26 May 1992

   Referred

   Referred to the Subcommittee on Europe and the Middle East.

   Source: Committee

8. 1 June 1992

   Referred

   Referred to the Subcommittee on Economic Stabilization.

   Source: Committee

9. 2 June 1992

   Referred

   Referred to the Subcommittee on National Parks and Public Lands.

   Source: Committee

10. 5 June 1992

    Referred

    Referred to the Subcommittee on Health and the Environment.

    Source: Committee

11. 14 July 1992

    Committee

    Executive Comment Requested from Interior, DOD.

    Source: Committee

12. 20 July 1992

    Referred

    Referred to the Subcommittee on Employment Opportunities.

    Source: Committee

13. 16 September 1992

    Committee

    Unfavorable Executive Comment Received from DOD.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 12 May 1992

  Open at official source

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Sponsors

• Rep. Gejdenson, Sam [D-CT-2] · D · Sponsor
• Rep. Atkins, Chester G. [D-MA-5] · D · Sponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Sponsor
• Rep. Waxman, Henry A. [D-CA-33] · D · Sponsor
• Rep. Horn, Joan Kelly [D-MO-2] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Jontz, Jim [D-IN-5] · D · Sponsor
• Rep. Kolter, Joseph P. [D-PA-4] · D · Sponsor
• Rep. Andrews, Robert E. [D-NJ-1] · D · Sponsor
• Rep. Frank, Barney [D-MA-4] · D · Sponsor
• Rep. Eckart, Dennis E. [D-OH-11] · D · Sponsor
• Rep. Andrews, Thomas H. [D-ME-1] · D · Sponsor
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Related records

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