This report offers a summary of Shays/Meehan and the 24 non-germane amendments under House Resolution 458, arranged by category and shown with all substitutes to which each was to be offered.
This report describes the systems used by the federal government to price its resources and to determine who gets access to those resources. For some (e.g., timber and leasable minerals), markets are used to set prices, but administrative systems used for some resources may result in prices substantially lower than market values.
Social Security is the focus of intense public interest. Projected long-range funding problems, public skepticism about its future, and a growing perception that Social Security will not be as good a value for future retirees as it is today are fueling calls for reform. This report discusses a number of the major Social Security issues currently drawing congressional attention.
This report examines various explanations for the rapid rise in personal bankruptcy filings in the United States since 1980, the economic significance of the phenomenon, and policy options. This discussion and analysis provide a background for consideration of legislation before the 105th Congress ( H.R. 3150 and S. 1301), which proposes to reform the consumer bankruptcy process.
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.
This report summarizes legislation in Congress that President Clinton suggested concerning trade in Africa. Specifically, President Clinton called on Congress during his State of the Union address to pass the legislation.
This report considers how airports are managed and financed. Moreover, the report specifies how although airports are public enterprises, they are normally run as businesses.
This report examines economic and budget implications of alternative responses to them.It is basically an Overview of Economic Effects of Debt Repayment, Tax Cuts, or Spending related to Budget Surpluses.
This report examines the population or family planning activities financed by the international financial institutions (IFIs), based on a survey of their activities.
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?
Report on the use of transportation trust funds used to fund federal programs, including a discussion of the issues, an explanation of trust fund balances, and more.
Authorizing legislation for federal surface transportation programs highway, highway safety, and transit expired at the end of FY1997. The federal framework for these programs was created by the Intermodal Surface Transportation Efficiency Act of 1991 (P.L. 102-240), better known as ISTEA. ISTEA was the first major highway act of the post interstate highway construction era. As such, it is regarded as landmark legislation.
The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA), PL. 102-240, set aside $6 billion from FY1992 to FY1997 for the Congestion Mitigation and Air Quality Program (CMAQ) to assist states in complying with federal air quality standards by funding transportation projects that lower emissions.
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.
Measured in dollars, Japan's global trade surplus stands at a record level. Also in recent months the Japanese yen has appreciated markedly against the dollar. The two events seem to foster a sizable degree of concern among many Americans, perhaps, taken to be evidence of Japan's economic success and the United States' economic failure. Things need not be as they seem, however.
The 1995 U.S.-Japan Financial Services Agreement further liberalizes aspects of Japan's financial markets, particularly in asset management, corporate securities, cross-border financial services, and in providing greater transparency for administrative procedures. Implementation will have to be monitored, however, and some issues still remain unresolved.
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.
In recent years considerable public attention has focused on Social Security's treatment of younger versus older workers. Analysts sometimes have addressed this issue by examining the value Social Security provides each generation of workers in relation to the Social Security taxes they pay. These are referred to as "moneys worth" analyses.
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.
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.
After four years of decline, foreign direct investment in the United States showed sharp gains in 1993 and 1994. Japan remained the largest foreign direct investor in the U.S. economy in 1993, despite a sharp slow down in investments by Japanese firms compared with British firms, the second largest direct investors. The overall foreign direct investment position in U.S. businessesand real estate - or the accumulated book value of all foreign investments - increased by $20 billion in 1993, nearly three times faster than the amount recorded in 1992. Preliminary data indicate that foreigners' investments could surpass $30 billion in 1994. Economists generally believe that foreign direct investment yields positive net benefits to both the recipient and the investing countries. For some American firms, foreign investments have been especially beneficial, because they supplied the firms with funds during times when many U.S. commercial banks were unwilling to finance them.
This report focuses on the exchange-rate system set up at Bretton Woods, its breakdown in the 1970s, the current system of managed floating and, finally, proposals to return part or all the way to a more fixed-rate system.
The rise of the multinational corporation and the increased flow of capital across national borders have raised anew the question of how to treat foreign direct investment, both inward and outward. The U.S. government and, increasingly, other governments advocate that, with some exceptions, economic policies should be neutral in the treatment of investment, foreign and domestic, inward and outward. This report discusses the changing view of foreign investment, both nationally and internationally.
In a world in which economic and trade performance are fast gaining acceptance as important components of national power and well being, Congress has become increasingly interested in the comparative success of U.S. business in the vast, rapidly growing Asia-Pacific region. For the most part, Congress has tended to view Japan as the main competitor of the United States in Asian markets and the standard against which U.S. success is measured. The stakes for the United States are considerable. Exclusive of Japan, the Asia-Pacific region accounted for $ 92 billion in U.S. exports in 1993 and $ 138 billion in imports, or about 20 percent of total U.S. exports and 24 percent of U.S. global imports. A number of projections indicate that Asia will account for the largest share of world trade growth in the next decade. Japan's growing economic presence has been accompanied by a relative increase in its political influence vis-a-vis that of the United States, a factor of considerable long term significance for U.S. interests, and it would appear the availability of alternative Asian markets has strengthened Japan's resistance to U.S. trade demands.
The World Bank and other multilateral development banks (MDB) have come under increasing pressure to assess the environmental impacts of bank-sponsored projects. The U.S. Congress has required that U.S. participation be based on policies that encourage the banks to raise the priority of environmental protection in their operations and to address environmental impacts; however, major issues continue to revolve around the effectiveness of all the MDBs in promoting environmentally sustainable development. Additionally, increasing concern over global environmental problems led to the creation in 1990 of a new multilateral fund -- the Global Environment Facility (GEF) -- to fund environmental projects of global concern that were generally not being funded by the MDBs. The pilot phase of the GEF ended in December 1993, and participants are currently in the process of determining how, or if, it should function as a permanent entity.
The dollar declined abruptly in value against the yen in the second quarter of 1994, spurring the central banks of seventeen nations to coordinate a series of intervention efforts in the world's currency trading markets. In addition, the dollar's decline sparked discussions of the possible policy moves the United States and other nations might take to stem the fluctuations in the value of the dollar. Economic theory and empirical evidence indicate that the underlying movement of the exchange rate is tied to the long-term, macroeconomic movements of the economy, or to the combined movements of the economies of different countries, such as the United States and Japan. These macroeconomic factors account for at least half of the overall movement of exchange rates.
The U.S. Federal Reserve reportedly has an arrangement with the Bank of Japan to provide emergency loans to Japanese banks operating overseas in exchange for U.S. Treasury securities. The collateralized loans would be extended on short notice for banks facing emergency liquidity needs. The purpose of the arrangement is to forestall the possible sale by Japanese banks of large amounts of U.S. Government securities (thereby raising U.S. interest rates) and to boost confidence in Japan's financial system. The loans would not risk U.S. taxpayers' funds. The Chairmen of both House and Senate Banking Committees have made statements about the arrangement, thus making it a matter oflegislative interest.
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.
This report reviews major banking and finance issues that are receiving congressional attention in the 2nd session of the 105th Congress. It will be updated periodically to reflect legislative developments. Relevant CRS products are referenced.
Since May of 1998, Russia has been caught in the latest, and likely the most serious, in a series of economic crises. The crisis came to a head on August 17, 1998, when the government of then-Premier Sergei Kiriyenko abandoned its defense of a strong ruble exchange rate against the dollar, defaulted on government domestic debt forcing its restructuring, and placed a 90-day moratorium on commercial external debt payments. Those actions led to Yeltsin's dismissal of Kiriyenko on August 23, replaced, after a political standoff with the Duma, by a more leftward-leaning government led by Premier Yevgennij Primakov. The August crisis also lowered Russians' standard of living and has seriously set back Russia's efforts toward establishing a market economy, perhaps for years to come.
This dialog allows you to filter your current search.
Each of the Serial/Series Titles listed note their name and the number of records that will be limited down to if you choose that option.
This dialog allows you to filter your current search.
Each of the World Regions listed note their name and the number of records that will be limited down to if you choose that option.
This dialog allows you to filter your current search.
Each of the Countries listed note their name and the number of records that will be limited down to if you choose that option.
This dialog allows you to filter your current search.
Each of the Years listed note their name and the number of records that will be limited down to if you choose that option.
The list can be sorted by name or the count.
This dialog allows you to filter your current search.
Each of the Months listed note their name and the number of records that will be limited down to if you choose that option.
The list can be sorted by name or the count.
This dialog allows you to filter your current search.
Each of the Days listed note their name and the number of records that will be limited down to if you choose that option.
The list can be sorted by name or the count.
Having trouble finding an option within the list of Days? Start typing and we'll update the list to show only those items that match your needs.