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 Decade: 1990-1999
 Collection: Congressional Research Service Reports
Natural Resources: Assessing Nonmarket Values through Contingent Valuation
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Cost-Benefit Analysis: Issues in Its Use in Regulation
This report sketches issues underlying broader use of cost-benefit analysis. It focuses on cost-benefit as one of several related frameworks for assessing regulatory actions or policies. Cost-benefit is the broadest of these frameworks, which also include impact assessment, risk assessment, and cost-effectiveness. Which analytical framework is appropriate depends on the regulatory context. digital.library.unt.edu/ark:/67531/metacrs188/
Are High Interest Rates a Threat to Sustained Economic Recovery?
A major question that arises in Congress during its considerations of what policies promote and what inhibit the restoration of a healthy economy is the influence that interest rates exert. In particular, are high interest rates a threat to sustained economic recovery? digital.library.unt.edu/ark:/67531/metacrs9033/
Consumer Bankruptcy Reform: Proposals Before the 105th Congress
This report examines current consumer bankruptcy practice and the proposals set forth in the reform bills. Also considered are the legislative history of the current consumer bankruptcy scheme, and topics likely to be debated as Congress proceeds to consider consumer bankruptcy reform. digital.library.unt.edu/ark:/67531/metacrs599/
Campaign Finance Reform: A Legal Analysis of Issue and Express Advocacy
Issue advocacy communications have become increasingly popular over the federal election cycles. Often these advertisements could be interpreted to favor or disfavor certain candidates, while also serving to inform the public about a policy issue. However, unlike communications that expressly advocate the election or defeat of a clearly identified candidate, the Supreme Court has ruled that issue ads are constitutionally protected First Amendment speech and cannot be regulated. digital.library.unt.edu/ark:/67531/metacrs626/
Credit Union Common Bond Ruling: NCUA v. First National Bank and Trust Co._U.S._ (No. 96-843)
On February 25, 1998, the Supreme Court ruled that federal credit unions may not consist of more than one occupational group having a single common bond. On April 1, the House passed H.R. 1151 (H.Rept. 105-472), which grandfathers existing credit unions and sets standards for future multi-group credit unions. digital.library.unt.edu/ark:/67531/metacrs683/
Foreign Direct Investment in the U.S.: Staging a Comeback?
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Campaign Finance Bills in the 105th Congress: Comparison of H.R. 2183 (Hutchison -Allen), H.R. 3526 (Shays-Meehan), and Current Law
As pledged by Speaker Gingrich, the House renewed consideration of campaign finance reform in May 1998. The principal bill is H.R. 2183, known as the freshman bipartisan bill, introduced July 17, 1997, by Messrs. Hutchinson and Allen. Selected floor amendments and substitutes will be in order. The legislation that has generated the most publicity in the 105th Congress has been the McCain-Feingold bill (S. 25), offered on March 19, 1998, as H.R. 3526 by Messrs. Shays and Meehan;1 this has also been offered as substitute amendment no. 13 to H.R. 2183 in the current debate. Table 1 highlights key differences between the two bills, and Table 2 summarizes and compares H.R. 2183, H.R. 3526, and current law. digital.library.unt.edu/ark:/67531/metacrs628/
Consumer Proposals in the Bankruptcy Reform Act of 1998: H.R. 3150, 105th Congress, 2d Session (1998)
This report considers the legislative history of the current consumer bankruptcy scheme. It examines current consumer bankruptcy practice and surveys the consumer proposals set forth in Title I of H.R. 3150, with an emphasis on the likely impact of the bill on family support obligations. digital.library.unt.edu/ark:/67531/metacrs687/
Campaign Finance Reform Bills in the 105th Congress: Comparison of H.R. 3581 (Thomas), H.R. 3526 (Shays-Meehan), and Current Law
On March 30, 1998, the House considered four campaign reform bills under a suspension of rules, focusing on the comprehensive H.R. 3581, offered that day for the Republican leadership by Mr. Thomas; it failed passage on a 74-337 vote. (The bill was similar to H.R. 3485, also by Mr. Thomas, reported by the House Oversight Committee March 18.1) The bill generating the most publicity in the 105th Congress has been S. 25 (McCain-Feingold),2 introduced on March 19 as H.R. 3526 by Messrs. Shays and Meehan. This report summarizes and compares H.R. 3581, H.R. 3526, and current law. digital.library.unt.edu/ark:/67531/metacrs627/
Uniform Standards in Private Securities Litigation: Limitations on Shareholder Lawsuits
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Japan's Banking Crisis: Causes and Probable Effects
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Campaign Finance Debate in the House: Substitute Amendments to H.R. 2183 (105th Congress)
This report provides a summary and comparison of the 11 substitute amendments to H.R. 2183, a campaign finance reform bill offered by Representatives Hutchinson and Allen, that, under H. Res. 442, will be in order for consideration by the House. The House began consideration of the bill and these substitute amendments (as well as additional perfecting amendments) on May 21, 1998. This report is intended for use by House Members and staff in preparation for and during House debate and assumes basic familiarity with the underlying issues. It may be updated to reflect further legislative actions. digital.library.unt.edu/ark:/67531/metacrs629/
Wildlife Restoration Projects Fund
Since 1937, a cooperative program between the federal and state governments has existed for wildlife restoration. This program provides federal grants-in-aid to state agencies for conservation through land and water management for wild birds and mammals. While up to 8% of the collected revenues from excise taxes dedicated to the program may be retained by the federal government for administration, all remaining funds are apportioned to the states and territories for use either in wildlife restoration or hunter safety and education programs. Wildlife restoration programs receive all funds generated from the excise tax on firearms other than pistols and revolvers and all funds collected from shells and cartridges. Additionally, one-half of the excise taxes collected from pistols, revolvers, and archery equipment goes for wildlife restoration purposes. Hunter safety and education programs are funded from the remaining half of excise taxes collected on pistols, revolvers, and archery equipment. The states have been authorized by law to use hunter safety and education funds for wildlife restoration projects. digital.library.unt.edu/ark:/67531/metacrs386/
China and the Multilateral Development Banks
Congress is currently considering appropriations for U.S. contributions to the World Bank and other multilateral development banks (MDBs) as well as separate legislation that would require U.S. representatives to these institutions to oppose all concessional loans to China. This report provides a brief analysis of China’s relationship with the MDBs to highlight some issues and help Members of Congress, congressional staff, and observers better understand the context for the current debates in Congress and the multilateral agencies. digital.library.unt.edu/ark:/67531/metacrs466/
The Abandoned Mine Land Fund: Grants Distribution and Issues
The Surface Mining Control and Reclamation Act (SMCRA, P.L. 95-87), enacted in 1977, established reclamation standards for all coal surface mining operations, and for the surface effects of underground mining. It also established the Abandoned Mine Land (AML) program to promote the reclamation of sites mined and abandoned prior to the enactment of SMCRA. To finance reclamation of abandoned mine sites, the legislation established fees on coal production. These collections are divided into federal and state shares; subject to annual appropriation, AML funds are distributed annually to states with approved reclamation programs. This report describes the distribution of these funds and the various issues that arise from said distribution. digital.library.unt.edu/ark:/67531/metacrs398/
Effects of Flat Taxes and Other Proposals on Housing: An Overview
Studies have estimated that some of these revisions would cause a decline in demand for houses and significant reduction in house prices--perhaps in excess of 15 percent. These studies, however, presumed a fixed supply of housing; even a limited supply response would greatly decrease predicted asset price effects. Supply response is likely to be large in the long run and not insignificant in the short run. Effects on housing demand might also be mitigated by increases in savings rates and lower interest rates. Thus, effects of the flat tax on housing prices are likely to be limited in the short run and very small in the long run. Rental housing demand, on the other hand, would be encouraged with a shift to a consumption tax base. digital.library.unt.edu/ark:/67531/metacrs359/
Capital Gains and Securities Transactions Taxation in Japan: Fact Sheet
This fact sheet provides information on the taxation of securities transactions and capital gains income in Japan at the national level. digital.library.unt.edu/ark:/67531/metacrs155/
Japanese and U.S. Economic Involvement in Asia and the Pacific: Comparative Data and Analysis
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Highway Funding, the States, and New Air Quality Standards
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Japanese Trade Balance and Exchange Rate: Seeing Through the Numbers
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One Million Personal Bankruptcies a Year: Economic Implications and Policy Options
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Taxes to Finance Superfund
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The Russian Financial Crisis: An Analysis of Trends, Causes, and Implications
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Environmental, Health, and Safety Tradeoffs: A Discussion of Policymaking Opportunities and Constraints
This report discusses the implications of cost-benefit analysis and risk assessment in the context of congressional and administrative decision-making structures. It identifies constraints on flexible decision-making and some implications of trying to overcome them. digital.library.unt.edu/ark:/67531/metacrs1018/
International Financial Institutions and Environment: Multilateral Development Banks and the Global Environment Facility
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The Yen/Dollar Exchange Rate
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Banking Acquisition and Merger Procedures
This report discusses in general terms the basic process and time line for banking industry acquisitions and mergers and briefly discusses the May 4, 1998 application by Travelers Group to merge with Citicorp. Among the issues discussed are: potential impact on consumers; whether the new entities would be too big to fail; and, whether competitive equity calls for financial modernization legislation with functional regulation of the securities, banking, and insurance sectors of companies offering customers a full range of financial products and services. Legislative developments on financial modernization issues in the 105th Congress are reported in CRS Issue Brief 97034, which is available on the Legislative Information System. digital.library.unt.edu/ark:/67531/metacrs686/
Financial Services Trade with Japan
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Restructuring Electricity Markets, Public Power, and Tax-Exempt Bonds: An Economic Analysis
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Securities Litigation Reform: Unfinished Business?
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FY1998 USDA Budget and Appropriations: Domestic Food Programs
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The Financial Outlook for Social Security and Medicare
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The Role of Risk Analysis and Risk Management in Environmental Protection
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Africa: Trade and Development Initiatives by the Clinton Administration and Congress
In February 1997, the Clinton Administration submitted the second of five annual reports on the Administration's Comprehensive Trade and Development Policy for Africa as required by section 134 of the Uruguay Round Agreements Act (House Document 103-3415, Vol. 1.). On April 24, 1997, members of the African Trade and Investment Caucus introduced a bill, H.R. 1432, on U.S.-Africa trade and investment issues. In his State of the Union address in January 1998, President Clinton called on Congress to pass the trade legislation. digital.library.unt.edu/ark:/67531/metacrs813/
Asian Financial Crisis: An Analysis of U.S. Foreign Policy Interests and Options
The principal focus of this report is on the foreign policy ramifications of the Asian financial crisis and U.S. options for addressing them. This report tracks and analyzes the efforts of the most seriously affected Asian countries to deal with their economic and financial problems, and their interaction with the International Monetary Fund (IMF), the United States, and other major sources of financial support and policy advice. It also addresses the implications of the crisis for such U.S. interests as regional stability and the prevention of conflict, trade liberalization, and U.S. regional and global leadership, and discusses the principal factors that could influence the duration and severity of the crisis. A final section considers options for Congress in the context of various criticisms of the IMF’s stabilization programs and the operations of the Fund itself. digital.library.unt.edu/ark:/67531/metacrs692/
The Federal Reserve's Arrangement for Emergency Loans to Japanese Banks
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