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Iran-Contra Affair: Biographical Profiles

Description: This report provides biographical information on individuals who have been associated in public reports with the controversy surrounding the secret U.S. arms sales to Iran and the channeling of profits to the rebels or Contras in Nicaragua. The information has been compiled from public sources.
Date: March 27, 1987
Creator: Rathbun, Cheryl J.; Hatcher, Carolyn L. & Kappas, Peter

Glass-Steagall Act: Commercial vs. Investment Banking

Description: This report discusses debate over reform of the Nation's financial structure in the 100th Congress includes re-examination of "the separation of banking and commerce." This separation was mandated by the Glass-Steagall Act (part of the Banking Act of 1933); and was carried forward into the Bank Holding Company Act of 1956, as amended in 1970 and thereafter. The resulting isolation of banking from securities was designed to (1) maintain the integrity of the banking system; (2) prevent self-dealing and other financial abuses; and (3) limit stock market speculation. By half a century later, the "wall" it created seemed to be crumbling, as bankers created new financial products resembling securities, and securities firms innovated new financial products resembling loans and deposits. The ongoing process of "financial deregulation" has evoked calls for Congress to give depository institutions new powers, especially in the securities field. Financial deregulation in the United Kingdom, Canada, and Japan has put additional pressure on Congress to re-examine this Act. Concerns over a seemingly fragile system of depository institutions persist, however, tending to place counter-pressure on Congress to maintain the Act.
Date: June 29, 1987
Creator: Jackson, William D.

Guatemala: U.S. Foreign Assistance Facts

Description: In the past three years, the Administration has moved to substantially increase U.S. aid levels for Guatemala from $18.3 million in FY84 to a proposed $149.7 million in FY88. Budgetary limits on the overall size of the U.S. foreign aid program may cause reductions in the proposed 1988 levels, however, independent of any choices related to the Guatemalan, situation. This issue brief provides basic information on the U.S. aid program and on the general situation in Guatemala. It also outlines major issues that have arisen in the aid debate.
Date: March 31, 1987
Creator: Sanford, Jonathan E.

AIDS: An Overview of Issues

Description: This report discusses the many difficult policy dilemmas associated with the AIDS epidemic, including past Congressional funding to support AIDS research and education efforts, strategies for controlling the spread of the AIDS virus, and methods and resources available for the care and treatment of persons with AIDS.
Date: December 24, 1987
Creator: Smith, Pamela W

Aviation Safety: FAA Near Midair Collision Reports

Description: This report discusses the minimum separation distance in a near midair collision report which the event must meet in order to be classified a "near miss." If a pilot of flight crew member subjectively believes that the near miss occurred, the report of that event is accepted by the Federal Aviation Administration (FAA) and counts as a near miss in the FAA data base regardless of the actual separation distance. While no proximity limits are placed on near midair collision reports, the agency does attempt to categorize each reported encounter by degree of hazard represented from an aviation safety perspective.
Date: August 13, 1987
Creator: Moore, J. Glen

Equal Rights for Women

Description: Amendments to the Constitution to provide equality of rights for women have been reintroduced in every Congress from the 67th i n 1923 to the 100th in 1987. Also proposed in recent years, although not to date in the 100th Congress, has been legislation to improve women's rights without amending the Constitution: a statue to forbid enforcement of a classification based on sex -- except where necessary to achieve a “compelling state interest, " and a measure providing for selective revision of existing Federal laws that discriminate on the basis of sex.
Date: October 14, 1987
Creator: Gladstone, Leslie W

Bank Failures: Recent Trends and Policy Options

Description: During the 1980s the U.S. banking industry has experienced a rapidly growing number of failures. Many factors have contributed to this trend including deregulation, technology, individual bank management, and economic conditions. The Federal Deposit Insurance Corporation (FDIC) handles insured bank failures. Congress has been monitoring the recent trend and is concerned with the FDIC’s ability to continue to perform its supervisory and insurance operations. The present situation, information on key factors affecting the banking industry, and the FDIC’s role when a bank fails is discussed in this report. The reference section of this issue brief contains a list of CRS products providing background on the FDIC and legislative issues relevant to the agency.
Date: July 14, 1987
Creator: Smale, Pauline

Exchange Rates: The Dollar in International Markets

Description: Mainstream economic theory suggests that U.S. budget deficit was the main cause of the dollar appreciation between 1980 and early 1985. The high budget deficit forced the U.S. Government to compete against the private sector for available savings, raising interest rates in the United States. In response, net capital inflows to the United States increased, the demand for dollars on the foreign exchange market went up, and the dollar appreciated. Restrictive budgets and loose monetary policies abroad, both of which kept interest rates low abroad, also contributed to the dollar’s appreciation on over this period.
Date: April 17, 1987
Creator: Wilson, Arlene