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Storm

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  1. New York Congressman Axel Storm calls Iran-Contra hearing a Sham "I fully support both the leadership of the Democratic and Republican House caucuses to form the Select Ethics Committee to investigate the Iran-Contra scandal. A thorough and bi-partisan hearing is needed to ensure that we ask the questions that need to be asked and find the answers to these questions. Despite the efforts of bi-partisanship, I am personally unsatisfied with the hearings. The American people expected answers but instead, we got what looks like a cover-up and pulled punches. If the President is suffering from memory loss on the issue and the Generals were "just following orders", who is to blame for the lack of transparency, and for actively circumventing the Bolland Amendment, which was created to prevent situations just like these. The hearings should be far from over as there as still questions to be asked. Defense Secretary Weinberger should be called to testify about who issued the orders and the Independent Counsel Lawrence Walsh should be called upon to discuss his findings once his investigations are over. Any resolution proposed without those testimonies will make the Iran-Contra a sham. We need answers and we them now. The SEC must continue with their investigations and President Reagan as the Commander and Chief of this nations must tell us who is accountable for this scandal".
  2. Storm

    Local Media Quotes

    Name: Axel Storm Party: Democrat Interviewing Agency: NY Times "The Iran-Contra investigations should be far from finished. There are many questions that still need to be answered. Why wasn't Congress or any high-level congressional officials not informed about any deals regarding the contras and Iran, who is to blame for such relaxed handling of the issue, and what was Defense Secretary Weinberger involvement with the scandal? We need answers and we need them now. Both The Defense Secretary and Independent Counsel Lawerence Walsh should have been called to testify and reveal any information they may have. Without this information, the hearing was a sham".
  3. IN THE HOUSE OF REPRESENTATIVES Mr. Storm, Mr. King and Mr. Boxer (for themselves and for others with special thanks to Mr. Rockefeller) introduced the following bill A BILL Section 1.Short title This bill shall be known and cited as the ‘The Stand Against Apartheid Act of 1987.’ Section 2. SENSE OF CONGRESS. General Provisions - Expresses the sense of the Congress that the President should: (1) denounce the use of violence by the South African Government and call upon the South African Government to immediately terminate the nationwide state of emergency and release all detainees; (2) urge the African National Congress to condemn the practice of "necklacing" and to take actions against such practice; (3) clearly, state that the United States does not condone the use of violence as a means of achieving or thwarting political change in South Africa. (4) demand the immediate release of all political detainees, anti-apartheid activists, and journalists (5) demand that the South African Government abolish its system of Apartheid and begin immediately a truth and reconciliation council to mediate the horrors dealt to the South African people (6) demand the South African Government end the banning of all racialized political parties currently under banning orders (7) the US government in agreement with the South African and ANC representatives will establish an envoy to begin negotiations for immediate transfer of power from white minority rule to majority rule without preconditions or special status politically for the minority. (8) assert that the President should immediately enforce all provisions contained in the Comprehensive Anti-Apartheid Act of 1986 as well as this bill upon its enactment (9)Demand that the President cut all economic ties to the South African Government until apartheid is abolished 10)Requires the President to confer with other industrialized democracies in order to reach cooperative agreements to impose sanctions against South Africa to bring about the dismantling of apartheid. Requires the President to report to the Congress concerning such efforts. Requires the President to seek United Nations Security Council adoption of the same sanctions against South Africa as are imposed by the United States. (Present law only encourages the President to take such actions.) 11)Requires the President to impose penalties against foreign persons taking significant commercial advantage of U.S. sanctions against South Africa or comparable sanctions of other industrialized democracies. (Present law only authorizes the President to impose such penalties.) Includes as such a penalty the restriction of such a person from contracting with U.S. Government entities. Allows the President to waive such penalties for foreign persons of an industrialized democracy that is a party to a cooperative agreement to impose sanctions against South Africa. Requires the President to revoke such waiver if the industrialized democracy is not adequately enforcing the measures provided for under the agreement. Requires that information concerning the extent to which import restrictions were being enforced by other industrialized democracies must be included in the Secretary of State's annual report to the Congress. 12) Prohibits any U.S. person from providing transport to South Africa of a commercial quantity of crude oil or refined petroleum products. Specifies that such prohibition includes transport on a vessel of U.S. registry or on a vessel owned by a U.S. person. 13)Prohibits the Secretary of Energy from authorizing any person to engage, directly or indirectly, in the production of special nuclear material in South Africa. Section 3. Visas. Visa-Allowance: 5% of the F-1 visas allowed in FY1988 should be reserved for South Africans who can present hardship due to apartheid 10% of refugee Visas shall be reserved for South Africans who can present hardship due to apartheid Section 4. PROHIBITION OF South African IMPORTS. (a) As long as the South African Government maintains a system of Apartheid all trade with South Africa shall be illegal Section 5. Travel Ban. Until the system of Apartheid is dismantled, travel to South Africa will be banned. Section 6. Money Ban. Until the system of Apartheid is dismantled, federal US funds cannot (treasuries, bonds, trade debts, or otherwise) be used to support the political or economic interests of the South African government.
  4. Name: Augustus Robert King State: California Party: Democrat Birth Date:06/24/1939 Place of Birth: Los Angeles, California Place of Residence: Los Angeles, California Religion: Baptist Faction: Establishment Family: Father: Leroy King (December 19, 1894-December 20th 1986) Mother: Patricia King nee.Armstrong (March 19, 1912-?) Reginald King- Brother Thaddeus King-Brother Camille King-Wife (08/16/1937) Gabrielle King- Daughter 02/20/1978 Aaron King- Son 04/15/1979 Antonia King- Daughter 03/15/1981 Educational History: B.A. In Political Science and Economics (1957-1961) Fisk University J.D with a focus on Civil Rights(1961-1964) Columbia University MDiv Howard University (1969-1972) Occupation: Chairman of the Student Nonviolent Coordinating Committee (1970-1972) Community Organizer for the NAACP (1972-1976) Civil Rights Lawyer for the ACLU in Los Angeles (1976-1986) Representative of the 29th District of California from (1986-) Military Service and Awards: Major(1964-1969) Meritorious Service Medal Purple Heart Vietnam Service Medal Bronze Star Medal Augustus Robert King (ARK) was on June 20th, 1939 to Leroy and Patricia King in Central Avenue, Los Angeles. Leroy was a WW1 veteran who served in France with the 92nd Infantry Division. Serving with distinction during the Meuse-Argonne Offensive, Leroy was wounded several times rescuing fellow comrades who had been wounded while leading an assault on several German trenches and while his commanding officer recommended him for the medal of honor, the recommendation was “lost in official paperwork” resulting in his bitter resentment towards the US government. Once he returned home from the war he went into his father’s profession as a Baptist minister preaching “radical sermons” about racial inequality and the KKK in California resulting in several cross burnings on the family’s front yard. Patricia King was a teacher at a segregated school in Los Angeles and a coordinator for the Los Angeles NAACP fighting to remove several Jim Crow laws concerning African-Americans and Chinese-Americans in the city and statewide. Both parents instilled in Augustus and his siblings about the injustice they faced as African-Americans in America and that they must stand up for themselves rather than wait for others. Augustus grew up in Los Angeles, California with his two brothers Reginald and Thaddeus King. All three who are consequently all Congressmen grew up with a passion for civil rights and Justice. Augustus passion for social justice led him to enroll into the Historically Black College/University Fisk University, where he majored in Political Science and earned a Minor in Economics. After graduating from Fisk University, Augustus participated in several anti-segregation sit-ins to aid in express his supports civil rights and the end of racial discrimination. During one of those sit-ins Augustus was hospitalized after being beaten so badly that his head was busted open, and on another occasion, he was imprisoned for 2 days. Augustus jokes on occasion about missing two days of class as a Law Student at Columbia University and fearing that his life was over. Shortly after graduating from Law School, Augustus had to give up an offer to work with the NAACP chapter in New York City as he was drafted into the army because of Vietnam. During that time he achieved the rank of Major and earned the Meritorious Service Medal, Purple Heart, Vietnam Service Medal, and Bronze Star medal. Augustus was honorably discharged 4 weeks after the inauguration of President Nixon after he suffered a debilitating injury due to a punji stick piercing his leg, after putting his life in danger to save a Vietnamese child who was wandering around after gunfire opened around a Vietnam village. Till this day Augustus walks with a slight limp. After returning from Vietnam, Augustus was heavily anti-war and called the war the most disheartening thing he has ever experienced. After witnessing a series of human rights violations being dealt with Vietnamese citizens, Augustus believed that if peace was to be achieved then there must be a united stance on injustice everywhere. Augustus later went on to achieve his Master in Divinity at Howard University to honor the legacy of his father. He also became the Chairman of the Student Non-Violent Coordinating Committee where he led campaigns to increase African-American participation in voting and staged protests against racial inequality. After serving 2 years of being Chairman he went on to work as a Community Organizer with the NAACP back in Los Angeles to organize the black vote and to increase voter consciousness After seeing the need for African American representation in the legal system, Augustus became a Civil Rights lawyer for the ACLU where he pushed back against any remnants of the “Separate but Equal Doctrine” in California and throughout the rest of the nation. During his time with the ACLU, he met his wife Gabrielle King, who was also a lawyer. They had 3 children together named Camille, Aaron, and Antonia. In 1986, Augustus’s father Leroy King passed away. Augustus felt that his father was one of the strongest people he has ever known and wanted to ensure this fathers vision for a country that was equal, just and fair. Augustus sought out to run for Congress in the 29th district of California. After winning the election, Augustus has been a vocal voice against apartheid, a strong supporter of the expansion of civil rights, and believed that we must work with our international partners to raise awareness and cure HIV/aids. Augustus is also an advent gun rights supporter and believes that we must protect the individual liberties inscribed in the constitution at all costs.
  5. Storm

    Axel Storm (D-NY-17)

    Name: Axel Storm State: New York Party: Democrat Birth Date:06/24/1939 Place of Birth: Bronx , New York Place of Residence: Bronx, New York Religion: Baptist Faction: Libertarian Democrat Family: Father: Faulkner Storm (December 19, 1894-December 20th 1986) Mother: Brianna Storm(March 19, 1912-?) Aderyn Storm-Wife (08/16/1937) Educational History: B.A. In Political Science and Economics (1957-1961) Howard University J.D with a focus on Constitutional Law 1961-1964) Columbia University Occupation: Community Organizer for the NAACP (1961-1964) Public School Civics and Social Studies Teacher (1969-1977) Civil Rights Lawyer for the NAACP in New York (1977-1982) Representative of the 15th District of New York from (1982-) Military Service and Awards: Major(1964-1969) Meritorious Service Medal Vietnam Service Medal Bronze Star Medal Axel Storm grew up in the Wakefield Section of the Bronx. He attended the Historically Black College/University, Howard University where he earned his B.A in Political Science and Economics. Axel passed up the offer to attend the prestigious Columbia University, due to his passion for civil rights and his wanting to attend the Black Harvard of his time. From attending Howard University, Axel strictly followed the African proverb "Each one,Teach one" which prompted became very involved with the Civil Rights Movement where he participated in sit-ins, community organizing, and voter drives to increase Black political participation and Black consciousness. Axel stood vehemently opposed of the system of Apartheid in South Africa that he tied himself to a tree near the Pentagon and would not leave until he was forcefully removed. Shortly after graduating from Howard University, Axel enrolled at Columbia University where he pursued his J.D under the concentration of civil rights. Axel believed that in order for the Civil Rights movement to become a success that their needs to be an increase of Black Lawyers willing to defend their communities and other communities from unjust policies implemented during the days of Slavery and Jim Crow. After graduating from Law School, Axel was drafted to fight in the Vietnam War. Axel believed that forcefully drafting individuals to fight in a war was Government sponsored murder of black people, brown people and poor whites. He also believed that no system which gives rich white people a pass from "serving" their nation is unjust and should be abolished. Upon serving in Vietnam he earned the rank of Major and befriended two other black men named Augustus and Edward King. Axel found solace in his friends, as the Vietnam War as he describes it was "A series of human violations, which took the boundaries of war out of any type of civility or respect. I have witnessed such atrocities that no human should ever have to experience and I hope the people at home are watching and experiencing why war should always be the last option". During on his mentions, Axel attempted to save a child from a burning building. Upon saving the child, Axel was admitted to the hospital, where he was later honorably discharged due to a severe case of bronchitis. His bravery did not go unnoticed as he earned the Meritorious Service Medal. Axel later stated that "being a decent human being should not be something that should be rewarded. He called for the end of the war and for his fellow servicemen to be allowed to go home". After returning home from the war, Axel was even more inspired by the "Each one,Teach one". He decided to become a Civics and History Teacher at a local public school located in the South Bronx. Axel wanted to ensure that future generations of poor black and Latino Americans had a fighting chance and would be able to combat the racism and discriminations that haunt them today and may haunt them in the future. Axel fell in love with his teaching job. In 1977, Axel took his students on a trip to see a local Yankee game. The Yankees were up 2-0 and then it was suddenly announced that the Bronx was burning. Today this fire is proclaimed as the "Great Bronx Fire". The fire left many families displaced and homeless, and even many of his own students. Axel grew very angry due to the lack of accountability by the city of this fire and also by the government mistreatment of Black and Brown people. After 8 years of teaching, Axel became left his job to use his J.D and to become a Civil Rights Lawyer with the NAACP. He helped win cases on matters of housing, income and the loss of property in the fire. Axel believed that the work that he was doing was what the community needed, and then, later on, announced his bid for the congressional seat of New York's 15th in 1982. Since his election, Axel has been a steady voice against apartheid, believes that the Iran-Contra needs to be investigated thoroughly and believes that we must protect the civil liberties of every American.
  6. Mr.King(For himself and for others, with special thanks to Ms.Delauro) introduces to the House of Representatives A BILL To amend the Internal Revenue Code of 1986 to allow a refundable credit to grandparents who provide primary child care services without compensation for their grandchildren who are not their dependents. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Grandchild Tax Relief Act''. SEC. 2. REFUNDABLE CREDIT TO GRANDPARENTS PROVIDING PRIMARY CHILD CARE FOR GRANDCHILDREN NOT THEIR DEPENDENTS. (a) In General.--Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to refundable credits) is amended by redesignating section 35 as section 36 and by inserting after section 34 the following new section: ``SEC. 35. GRANDPARENTS PROVIDING PRIMARY CHILD CARE FOR GRANDCHILDREN WHO ARE NOT THEIR DEPENDENTS. ``(a) In General.--In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to $1000 with respect to each qualifying grandchild for whom the taxpayer or the spouse of the taxpayer provides, without compensation, primary child care services during the taxable year. ``(b) Qualifying Grandchild.--For purposes of this section, the term `qualifying grandchild' means any individual-- ``(1) with respect to whom the taxpayer is not allowed a deduction under section 151 with respect to such individual for the taxable year, ``(2) who has not attained the age of 18 as of the close of the calendar year in which the taxable year of the taxpayer begins, and ``(3) who is a descendent of a son, daughter, stepson, or stepdaughter of the taxpayer or is a foster child of such a descendent, son, daughter, stepson, stepdaughter. For purposes of paragraph (3), the term `foster child' means a child who is placed by an authorized placement agency. ``(c) Primary Child Care Services.--For purposes of this section, an individual provides primary child care services for a taxable year if the individual provides such services for not less than 30 hours per week for 48 weeks of the taxable year. ``(d) Special Rules.--For purposes of this section-- ``(1) Deceased spouse or former spouse.--In the case of a taxpayer whose spouse is deceased or is a former spouse of the taxpayer, subsection (b)(3) shall be applied by substituting `or deceased or former spouse of the taxpayer' after `taxpayer' each place it occurs. ``(2) Identification requirement.--No credit shall be allowed under this section to a taxpayer with respect to any qualifying grandchild unless the taxpayer includes the name and taxpayer identification number of such qualifying grandchild on the return of tax for the taxable year. ``(3) Taxable year must be full taxable year.--Except in the case of a taxable year closed by reason of the death of the taxpayer, no credit shall be allowable under this section in the case of a taxable year covering a period of less than 12 months.''. (b) Conforming Amendments.-- (1) Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting before the period ``, or from section 35 of such Code''. (2) The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking the last item and inserting the following new items: ``Sec. 35. Grandparents providing primary child care for grandchildren who are not their dependents. ``Sec. 36. Overpayments of tax.''. (c) Effective Date.-- (1) In general.--The amendments made by this section shall apply to taxable years beginning with or after the taxable year with respect to which the conditions specified in paragraph (2) are satisfied. (2) Trigger mechanism.--The conditions specified in this paragraph are the following: (A) The credit under section 21 of the Internal Revenue Code of 1986 (relating to expenses for household and dependent care services necessary for gainful employment)-- (i) is refundable, (ii) is available at a maximum level to those with an adjusted gross income limit of not less than $20,000 per year, indexed for inflation, (iii) is available at a minimal level to those with an adjusted gross income of not less than $40,000 per year, indexed for inflation, and (iv) is available to parents of infants ages 0-12 months without regard to out-of- pocket child care expenses of the parents. (B) The maximum amount of employment-related expenses that can be taken into account under section 21 of such Code is indexed for inflation. (C) The applicable percentage of expenses that are allowed under section 21 of such Code is increased to not less than 50 percent.
  7. IN THE SENATE OF THE UNITED STATES Mr. King and Mr.Lawson, propose for themselves and others: A BILL To establish a National Infrastructure Bank. TITLE I. NATIONAL INFRASTRUCTURE BANK SEC. 101. ESTABLISHMENT OF BANK. There is established the `National Infrastructure Bank', which shall be an independent establishment of the Federal Government, as defined in section 104 of title 5, United States Code. SEC. 102. MANAGEMENT OF BANK. (a) Board of Directors- (1) IN GENERAL- The management of the Bank shall be vested in a Board of Directors consisting of 5 members, appointed by the President, by and with the advice and consent of the Senate, from among individuals who are citizens of the United States. (2) MEMBER EXPERTISE- Not fewer than 1 member of the Board shall have demonstrated expertise in-- (A) transit infrastructure; (B) public housing infrastructure; © road and bridge infrastructure; (D) water infrastructure; or (E) public finance. (3) POLITICAL AFFILIATION- Section 2(a)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1812(a)(2) shall apply to members of the Board of Directors of the Bank in the same manner as it applies to the Board of Directors of the Federal Deposit Insurance Corporation. (4) MEETINGS- The Board shall meet not later than 90 days after the date on which all directors of the Board are first appointed, and otherwise at the call of the Chairperson. (5) DATE OF APPOINTMENTS- The initial nominations to the Board shall be made not later than 60 days after the date of enactment of this Act. (b) Chairperson and Vice Chairperson- The Chairperson and Vice Chairperson of the Board shall be appointed and shall serve in the same manner as is provided for members of the Federal Deposit Insurance Corporation under section 2(b) of the Federal Deposit Insurance Act (12 U.S.C. 1812(b)). © Terms- (1) APPOINTED MEMBERS- Except as provided in paragraph (2), each member of the Board shall be appointed for a term of 6 years. (2) INITIAL STAGGERED TERMS- Of the initial members of the Board-- (A) the Chairperson and Vice Chairperson shall be appointed for a term of 6 years; (B) 1 member shall be appointed for a term of 5 years; © 1 member shall be appointed for a term of 4 years; and (D) 1 member shall be appointed for a term of 3 years. (3) INTERIM APPOINTMENTS- Any member of the Board appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of such member was appointed shall be appointed only for the remainder of such term. (4) CONTINUATION OF SERVICE- The Chairperson, Vice Chairperson, and each other member of the Board may continue to serve after the expiration of the term of office to which such member was appointed until a successor has been appointed. (d) Vacancy- Any vacancy on the Board shall be filled in the manner in which the original appointment was made. (e) Ineligibility for Other Offices- (1) RESTRICTION DURING SERVICE- No member of the Board may during service on the Board-- (A) be an officer or director of, or otherwise be employed by, any entity engaged in or otherwise associated with an infrastructure project assisted or considered under this Act; (B) hold stock in any such entity, or © hold any other elected or appointed public office. (2) POST SERVICE RESTRICTION- (A) IN GENERAL- No member of the Board may hold any office, position, or employment in any entity engaged in or otherwise associated with an infrastructure project assisted under this Act during the 2-year period beginning on the date on which such member ceases to serve on the Board. (B) EXCEPTION FOR MEMBERS WHO SERVE FULL TERM- The limitation contained in subparagraph (A) does not apply to any member who has ceased to serve on the Board after serving the full term for which such member was appointed. (3) CERTIFICATION- Upon taking office, each member of the Board shall certify under oath that such member has complied with this subsection, and such certification shall be filed with the secretary of the Board. SEC. 103. STAFF AND PERSONNEL MATTERS. (a) Executive Director- (1) IN GENERAL- The Chairperson may appoint and terminate, and fix the compensation of, an executive director of the Bank, in accordance with title 5, United States Code. (2) CONFIRMATION OF EXECUTIVE DIRECTOR- The employment of an executive director shall be subject to confirmation by the Board. (3) QUALIFICATIONS OF EXECUTIVE DIRECTOR- An individual appointed as the executive director under paragraph (1) shall have demonstrated expertise in-- (A) transit infrastructure; (B) public housing infrastructure; © road and bridge infrastructure; (D) water infrastructure; or (E) public finance. (b) Other Personnel- The Board may appoint and terminate, and fix the compensation of, in accordance with title 5, United States Code, such personnel as are necessary to enable the Bank to perform the duties of the Bank. © Inspector General- (1) IN GENERAL- Section 11 of the Inspector General Act of 1978 (5 U.S.C. App.) is amended-- (A) in paragraph (1), by inserting `the Chairperson of the National Infrastructure Bank;' after `the Chairperson of the Federal Deposit Insurance Corporation;'; and (B) in paragraph (2), by inserting `the National Infrastructure Bank;' after `the Federal Deposit Insurance Corporation;'. (2) EXECUTIVE SCHEDULE LEVEL IV- Section 5315 of title 5, United States Code, is amended by inserting after the item relating to the Inspector General of the Federal Deposit Insurance Corporation, the following: `Inspector General, National Infrastructure Bank.'. (d) Support From Other Agencies- The head of any other Federal agency may detail employees to the Bank for purposes of carrying out the duties of the Bank. (e) Compensation of Board Members- (1) CHAIRPERSON- Section 5314 of title 5, United States Code, is amended by inserting after the item relating to the Chairman of the Board of Directors of the Federal Deposit Insurance Corporation, the following: `Chairperson, Board of Directors, National Infrastructure Bank.'. (2) OTHER MEMBERS- Section 5315 of title 5, United States Code, is amended by inserting after the item relating to the Inspector General of the Federal Deposit Insurance Corporation, the following: `Member, Board of Directors of the National Infrastructure Bank.'. SEC. 104. POWERS OF THE BANK BOARD. (a) Hearings- The Board may, in carrying out this Act-- (1) hold such hearings, meet and act at such times and places, take such testimony, receive such evidence, and administer such oaths, as the Board considers advisable; and (2) require, by subpoena or otherwise, the attendance and testimony of such witnesses and the production of such books, records, correspondence, memoranda, papers, documents, tapes, and materials, as the Board considers advisable. (b) Issuance and Enforcement of Subpoenas- (1) ISSUANCE- A subpoena issued under subsection (a) shall-- (A) bear the signature of the Chairperson and a majority of the members of the Board; and (B) be served by any person or class of persons designated by the Chairperson for that purpose. (2) ENFORCEMENT- In the case of contumacy or failure to obey a subpoena issued under subsection (a)(2), the United States district court for the district in which the subpoenaed person resides, is served, or may be found may issue an order requiring the person to appear at any designated place to testify or to produce documentary or other evidence. (3) NONCOMPLIANCE- Any failure to obey the order of the court may be punished by the court as a contempt of court. © Witness Allowances and Fees- (1) IN GENERAL- Section 1821 of title 28, United States Code, shall apply to a witness requested or subpoenaed to appear at a hearing of the Board. (2) EXPENSES- The per diem and mileage allowances for a witness shall be paid from funds available to pay the expenses of the Board. (d) Information From Federal Agencies- The Board may, upon request, secure directly from a Federal agency, such information as the Board considers necessary to carry out this Act, and the head of such agency shall promptly respond to any such request for the provision of information. (e) Incorporation of Federal Transit Processes for Board Statements- Section 5334(l) of title 49, United States Code, as added by section 3032 of the Federal Public Transportation Act of 2005 (Public Law 109-59, 119 Stat. 1627), shall apply to statements of the Board in the same manner and to the same extent as that section applies to statements of the Administrator of the Federal Transit Administration. SEC. 105. QUALIFIED INFRASTRUCTURE PROJECT RATINGS. (a) In General- The Bank shall, upon application and otherwise in accordance with this section, designate infrastructure projects as qualified projects for purposes of assistance under this Act. (b) Applicants- The Bank shall accept applications for the designation of qualified infrastructure projects under this section from among public sponsors, for any infrastructure project having-- (1) a potential Federal commitment of an amount that is not less than $75,000,000; (2) a public sponsor; and (3) regional or national significance. © Guidelines for Developing Projects- The Secretary shall establish guidelines to assist grant recipients under this title to develop applications for funding under this section. The guidelines shall include the objectives listed in paragraphs (2) and (3) of section 105(e) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(e)). (d) Ratings- In making a determination as to a designation of a qualified infrastructure project, the Board shall evaluate and rate each applicant based on the factors appropriate for that type of infrastructure project, which shall include-- (1) for any transit project-- (A) regional or national significance; (B) promotion of economic growth; © reduction in traffic congestion; (D) environmental benefits, including a reduction in pollution from the reduced use of automobiles from direct trip reduction and indirect trip reduction through land use and density changes; (E) urban land use policies, including those that promote smart growth; and (F) mobility improvements; (2) for any public housing project-- (A) regional or national significance; (B) promotion of economic growth; © improvement of the physical shape and layout of public housing; (D) environmental improvement; (E) urban land use policies, including those that promote smart growth; (F) reduction of poverty concentration; (G) mobility improvements for residents; and (H) establishment of positive incentives for resident self-sufficiency and comprehensive services that empower residents; (3) for any highway, bridge, or road project-- (A) regional or national significance; (B) promotion of economic growth; © reduction in traffic congestion; (D) environmental improvement; (E) urban land use policies, including those that promote smart growth; and (F) mobility improvements; and (4) for any water project-- (A) regional or national significance; (B) promotion of economic growth; © health benefits from the associated projects, including health care cost reduction due to removal of pollutants; and (D) environmental benefits. (e) Determination Among Projects of Different Infrastructure Types- The Bank shall establish, by rule, comprehensive criteria for allocating qualified status among different types of infrastructure projects for purposes of this Act-- (1) including-- (A) a full view of the project benefits, as compared to project costs; (B) a preference for projects that have national or substantial regional impact; (c) a preference for projects which leverage private financing, including public-private partnerships, for either the explicit cost of the project or for enhancements which increase the benefits of the project; (D) an understanding of the importance of balanced investment in various types of infrastructure, as emphasized in the current allocation of Federal resources between modes; and (E) an understanding of the importance of diverse investment in infrastructure in all regions of the country; and (2) that do not eliminate any project based on size, but rather allow for selection of the projects that are most meritorious. (f) Process and Personnel for Creating Ratings Process (1) IN GENERAL- The ratings processes described in this section shall be subject to Federal notice and rulemaking procedures. (2) PARTICIPATION BY OTHER AGENCY PERSONNEL- The ratings, and development of the ratings process, shall be conducted by personnel on detail to the Bank from the Department of Transportation, the Department of Housing and Urban Development, the United States Army Corps of Engineers, and other relevant departments and agencies from among individuals who are familiar with and experienced in the selection criteria for competitive projects. The Bank shall reimburse those departments and agencies for the staff which are on detail to the Bank. (g) Compliance With Other Applicable Law- Projects receiving financial assistance from the Bank under this section shall comply with applicable provisions of Federal law and regulations, including-- (1) for transit, requirements that would apply to a project receiving funding under section 5307 of title 49, United States Code; (2) for public housing, requirements that would apply to a project receiving funding from a grant under section 24 of the United States Housing Act of 1937 (42 U.S.C. 1437v); (3) for roads and bridges, requirements that would apply to a project that receives funds apportioned under section 104(b)(3) of title 23, United States Code; and (4) for water, requirements that would apply to a project that receives funds through a grant or loan under-- (A) section 103 of the Housing and Community Development Act of 1974 (42 U.S.C. 5303); (B) section 1452 of the Public Health Service Act (42 U.S.C. 300j-12); or © section 601 of the Federal Water Pollution Control Act (33 U.S.C. 1381), as that section applied before the beginning of fiscal year 1995. (h) Authority to Determine Funding- Notwithstanding any other provision of law, the Bank shall determine the appropriate Federal share of funds for each project described in subsection (g) for purposes of this Act. SEC. 106. DEVELOPMENT OF FINANCING PACKAGE. (a) In General- Not later than 60 days after the date on which the Board determines appropriate financing packages for qualified infrastructure projects under section 202, the Board shall notify the Committee on Banking, Housing, and Urban Affairs of the Senate. (b) Financing Packages- The Board is authorized-- (1) to act as a centralized entity to provide financing for qualified infrastructure projects; (2) to issue general purpose infrastructure bonds, and to provide direct subsidies to qualified infrastructure projects from amounts made available from the issuance of such bonds; (3) to issue project-based infrastructure bonds for the financing of specific qualified infrastructure projects; (4) to provide loan guarantees to State or local governments issuing debt to finance qualified infrastructure projects, under rules prescribed by the Board, in a manner similar to that described in chapter 6 of title 23, United States Code; (5) to issue loans, at varying interest rates, including very low interest rates, to qualified project sponsors for qualified projects; (6) to leverage resources and stimulate public and private investment in infrastructure; and (7) to encourage States to create additional opportunities for the financing of infrastructure projects. (C) General Purpose and Infrastructure Bonds- General purpose and project-based infrastructure bonds issued by the Bank under this Act shall be subject to such terms and limitations as may be established by rules of the Bank, in consultation with the Secretary of the Treasury. (d) Bond Obligation Limit- The aggregate outstanding amount of all bonds authorized to be issued under this Act may not exceed $250,000,000,000. (e) Full Faith and Credit- Any obligation issued by the Bank under this Act shall be an obligation supported by the full faith and credit of the United States. (f) Limitation on Funds From Bond Issuance- Not more than 1 percent of funds resulting from the issuance of bonds under this Act may be used to fund the operations of the Bank. SEC. 107. COUPON NOTES FOR HOLDERS OF INFRASTRUCTURE BONDS. (a) Issuance of Coupon Notes- Under regulations prescribed by the Bank, in consultation with the Secretary of the Treasury, there may be a separation (including at issuance) of the ownership of an infrastructure bond and the entitlement to the interest with respect to such bond (in this section referred to as a `coupon note'). In case of any such separation, such interest shall be allowed to the person who on the payment date holds the instrument evidencing the entitlement to the interest, and not to the holder of the bond. (b) Redemption of Coupon Notes- A coupon note may be used by the owner thereof for the purpose of making any payment to the Federal Government, and shall be accepted for such purpose by the Secretary of the Treasury, subject to rules issued by the Bank, in consultation with the Secretary of the Treasury. SEC. 108. EXEMPTION FROM LOCAL TAXATION. Bonds and other obligations issued by the Bank, and the interest on or credits with respect to its bonds or other obligations, shall not be subject to taxation by any State, county, municipality, or local taxing authority. SEC. 109. REPORT; DATABASE. (a) Report- Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Board shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate a report describing the activities of the Board, for the fiscal year covered by the report, relating to-- (1) the evaluations of qualified infrastructure projects under section 202; and (2) the financing packages of qualified infrastructure projects under section 203. (b) Database- The Bank shall develop, maintain, and update a publicly-accessible database that contains-- (1) a description of each qualified infrastructure project that receives funding from the Bank under this Act-- (A) by project mode or modes; (B) by project location; © by project sponsor or sponsors; and (D) by project total cost; (2) the amount of funding that each qualified infrastructure project receives from the Bank under this Act; and (3) the form of financing that each qualified infrastructure project receives from the Bank under section 203. SEC. 110. STUDY AND REPORT ON INFRASTRUCTURE FINANCING MECHANISMS. (a) In General- Not later than 2 years after the date of enactment of this Act, and every 3 years thereafter, the Board shall conduct a study evaluating the effectiveness of each Federal financing mechanism that is used to support an infrastructure system of the United States. (b) Requirements- A study conducted under subsection (a) shall-- (1) evaluate the economic efficacy and transparency of each financing mechanism used by-- (A) the Bank to fund qualified infrastructure projects; and (B) each agency and department of the Federal Government to support infrastructure systems, including-- (i) infrastructure formula funding; (ii) user fees; and (iii) modal taxes; and (2) contain recommendations for improving each funding mechanism evaluated under subparagraphs (A) and (B) of paragraph (1) to increase the economic efficacy and transparency of the Bank, and each agency and department of the Federal Government, to finance infrastructure projects in the United States. © Report- Not later than 30 days after the date on which the Board completes the study conducted under subsection (a), the Board shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, a report containing each evaluation and recommendation contained in the study. SEC. 111. GAO REPORT. Not later than 5 years after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, a report evaluating the activities of the Bank for the fiscal years covered by the report, including-- (1) the evaluations of qualified infrastructure projects under section 202; and (2) the financing packages of qualified infrastructure projects under section 203. PLAIN ENGLISH SUMMARY: TITLE I: Establishment of NIB -Creates a National Infrastructure Bank with a board of directors to provide financial packaging and provisions for the construction of such projects. Establishes the application process. Maximum bond of $250,000,000, minimum financial grant of $75,000,000. Establishes environmental requirements for infrastructure projects.
  8. Mr.Speaker, I offer the following amendment Section 3 shall be renumbered to Section 4. Section 4: Center for Disease Control (1) The center Disease control is authorized to be appropriated $1,000,000,000 for the fiscal years 1987-1990 and as such sums as necessary in the fiscal year 1990. (2) The Secretary maybe grants for to the states for the purposes of disease prevention and control
  9. Mr.Speaker, I second the amendment. I Yield
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    Docket

    Mr.Speaker, I request for the following bills to be docketed AIDS Prevention and Information Act of 1987 Fighting Childhood Poverty Act
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    Local Media Quotes

    Name: Augustus Robert King Party: Democrat Interviewing Agency: LA Times "The RNC chair claims that the Democratic House Leadership has pandered to the left and are out of touch, but the voting record of the RNC Chair seems to be a lot more left than the majority of the Democratic House membership. I may even consider the Chair a loyal Democrat"
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    Local Media Quotes

    Name: Augustus Robert King Party: Democrat Interviewing Agency: LA Times "The National Times just predicted Governor Mario Cuomo giving the keynote speech at the 2004 Democratic convention. I am amazed. This is why we need the Truth style Doctrine in the stead of the Fairness Doctrine"
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    Local Media Quotes

    Name: Augustus Robert King Party: Democrat Interviewing Agency: LA Times "At the start of the 100th congressional session, Democrats voted on an amendment in the Democratic charter to eradicate the Superdelegate system for the upcoming 1988 Presidential election. We believe that the Democratic Presidential nominee should be decided solely by the American people and not by a system that encourages shady backrooms deals. I am proud to announce that the amendment was passed unanimously, and the superdelegate system will not exist in the 1988 Democratic Presidential Primary"
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    Committee Rosters

    @Tilsley is swapped back into HELP for @Recks @Recks is switched into ASFAJ for @Ben
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    Committee Rosters

    @Tilsleyis swapped out for @Recks on HELP
  16. OOC:(This is fun and all but I would like to put an end to this)
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