Joint Resolution
Dec. 12, 1985
Increasing the statutory limit on the public debt.
[H.J. Res. 372]
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled. That subsection (b) of
section 3101 of title 31, United States Code, is amended by striking Ante, p. 814.
out the dollar limitation contained in such subsection and inserting
in lieu thereof "$1,847,800,000,000, or $2,078,700,000,000 on and after
October 1,1985,".
SEC. 2. MINIMUM CORPORATE TAX BY CORPORATIONS.
(a) Notwithstanding any other provision of this joint resolution. Report.
the Senate Committee on Finance is directed to report to the Senate
by July 1, 1986, legislation providing for payment of an alternative
minimum corporate tax by corporations on the broadest feasible
definition of income to assure that all of those with economic income
pay their fair share of taxes: Provided, That said alternative mini- Effective date.
mum corporate tax shall take effect for corporate tax years
commencing on or after October 1, 1986. The revenue raised by this
tax shall be applied to reduce the Federal deficit.
(b) Notwithstanding any other provision of this joint resolution. Report.
the Committee on Ways and Means is directed to report to the
House of Representatives legislation providing for pa3maent of an
alternative minimum corporate tax by corporations based upon the
broadest feasible definition of income to assure tiiat all of those with
economic income pay their fair share of taxes: Provided, That, the
Committee on Ways and Means shall report such legislation prior to
October 1,1986.
SEC. 3. ACHILLE LAURO HUACKING.
(a) The Senate finds thatโ
(1) the four men identified as the hijackers of the Achille Vessels.
Lauro were responsible for brutally murdering an innocent Terrorism.
American citizen, Leon Klinghoffer, and for terrorizing hun- Leon Klinghoffer.
dreds of innocent crew members and passengers for two days;
(2) the United States urges all countries to aid in the swift
apprehension, prosecution, and punishment of the terrorists;
and
(3) the United States should not tolerate any country provid-
ing safe harbor or safe passage to the terrorists.
(b) It is the sense of the Senate thatโ
(1) the United States demands that no country provide safe
harbor or safe passage to these terrorists;
(2) the United States expects full cooperation of all countries
in the apprehension, prosecution, and punishment of these
terrorists;
(3) the United States cannot condone the release of terrorists
or the making of concessions to terrorists; and
(4) the United States identify those individuals responsible for
the seizure of the Achille Lauro and the cold-blooded murder of
*Note: The printed text of Public Law 99-177 is a reprint of the hand enrollment,
signed by the President on December 12, 1985.
99 STAT. 1038 PUBLIC LAW 99-177โDEC. 12, 1985
Leon Klinghoffer, as well as those countries and groups that aid
and abet such terrorist activities, and take the strongest meas-
ures to ensure that those responsible for this brutal act against
an American citizen are brought to justice.
Balanced Budget TITLE IIโDEFICIT REDUCTION PROCEDURES
and Emergency
Deficit Control SEC. 200. SHORT TITLE AND TABLE OF CONTENTS.
Act of 1985.
2 u s e 901 note. (a) SHORT TITLE.โThis title may be cited as the "Balanced Budget
and Emergency Deficit Control Act of 1985".
(b) TABLE OF CONTENTS.โ
Sec. 200. Short title and table of contents.
PART AโCONGRESSIONAL BUDGET PROCESS
Subpart IโCongressional Budget
Sec. 201. Congressional budget.
Subpart IIโAmendments to Title IV of the Congressional Budget Act of 1974
Sec. 211. New spending authority.
Sec. 212. Credit authority.
Sec. 213. Description by Congressional Budget Office.
Sec. 214. General Accounting Office study; off-budget agencies; member user group.
Subpart IIIโAdditional Provisions to Improve Budget Procedures
Sec. 221. Congressional Budget Office.
Sec. 222. Current services budget for congressional budget purposes.