REAL PROPERTY

Amendments

Hawaii: consent to Hawaiian Homes Commission Act amendments (S.J. Res. 154), 29619, 29637 [16OC]

Home Mortgage Disclosure Act: amend (S. 3049), 36611 [27OC]

National Affordable Housing Act: enact (S. 566), 15168 [21JN]

San Juan Island, WA: transfer of right, title, and interest in certain property (H.R. 2566), 36421, 36422, 36423, 36657, 36658 [27OC]

Analyses

Housing Grant Action Program Act (S. 2504)-8075, 8086 [24AP]

Urban Homesteading And Bulk Sales Act (H.R. 4613), 8323 [25AP]

Articles and editorials

Fraud Uncovered in Property Sales in Savings Rescue, 15386 [22JN]

Life Insurers Jolted by Sharp Downturn in Real Estate Value, 29461 [15OC]

Many Factors In Big Isle's Rising Property Values, 15166 [21JN]

S&L Bailout Faces a Costly New Complication in U.S. Hazardous-Waste Cleanup Requirement, 5162 [22MR]

Bills and resolutions

Banks and banking: protection of Federal deposit insurance funds and limit certain liability of depository institutions (see S. 2319)

———require notice to borrowers relative to transfer of the servicing of mortgage loans (see H.R. 4594)

Courts: settlement agreements relative to marriage separation or divorce decree (see H.R. 5203)

Federal Used Property for Domestic Use Act: enact (see S. 2750)

GSA: establish national advisory committee to review Federal Excess and Surplus Personal Property Act (see H.R. 5331)

Hazardous substances: prohibit executive department or agency from selling contaminated property (see H.R. 4527)

Home Mortgage Disclosure Act: amend (see S. 3049)

Housing: sale of Resolution Trust Corp. properties to the Dept. of HUD for urban homesteading programs (see H.R. 4613)

Housing Grant Action Program Act: enact (see S. 2504)

Individual retirement accounts: tax treatment of early withdrawals for first-time homebuyers (see S. 2517)

Library of Congress: acquisition of certain real property (see H.R. 5708)

Resolution Trust Corp.: protection of residential tenants from certain evictions (see H.R. 5940)

SBA: lending institution liability relative to loans for acquiring environmentally damaged property (see H.R. 5764)

Small Property and Casualty Insurance Company Equity Act: enact (see H.R. 4753)

Tax Reform Act: property transition and bond issuance requirements (see S. 3096, 3097; H.R. 5711, 5712)

Taxation: clarify the calculation of the basis of real property for computing gain or loss from sale (see S. 3039)

———deduction of State and local income and property taxes (see H. Res. 459)

———early withdrawal from individual retirement plans used to acquire the first home of a child or grandchild (see H.R. 4975)

———evaluate State and local governments (see H.R. 5914)

———exclude from the gross estate the value of certain land subject to a qualified conservation easement (see H.R. 5726)

———impose excise tax on amounts received in connection with certain acquisitions or combinations of partnerships of real estate investment trusts (see H.R. 4670)

———permanently extend qualified mortgage bonds and low-income housing credit (see S. 3145)

———special valuation of sensitive environmental areas for estate tax purposes (see S. 3256)

———special valuation rules in certain cases involving estate freezes (see S. 3113)

———treatment of certain real estate activities under the limitations on losses from passive activities (see S. 2384)

———treatment of estate freezes (see H.R. 5425)

———treatment of gains from sale of principal residence for certain disabled individuals (see H.R. 5774)

———treatment of gains from the sale of certain real property (see H.R. 5782)

———treatment of interest on certain postponed estate taxes (see H.R. 5369)

———treatment of mortgage interest and real property taxes of Federal employees receiving overseas housing allowances (see H.R. 5485)

———treatment of options held by certain tax-exempt organizations to acquire low-income housing (see H.R. 5668)

———treatment of qualified mortgage bonds and mortgage credit certificates (see H.R. 5829)

———treatment of the sale of farmland sold in the same taxable year as the farmer's principle residence (see H.R. 5429)

Descriptions

Low-income housing tax credits (H.R. 5668), 25185 [19SE]

Explanations

Preservation of Farmland and Other Open Space, 26186 [27SE]

Special tax valuation rules in certain cases involving estate freezes (S. 3113), 25926 [26SE]

Taxation: treatment of estate freezes (H.R. 5425), 21598 [1AU]

Letters

Acquisition of public building space: William F. Diefenderfer III, OMB, 14219 [14JN]

Amendments of Hawaiian Homes Commission Act: Robert D. Reischauer, CBO, 17598 [16JY]

Hawaiian Homes Commission Act amendments: Warren Price III, 29637 [16OC]

National Affordable Housing Act: Senator Bond, 7480 [19AP]

Pease Air Force Base, NH, property purchase: Drett M. Dula, 16581 [28JN]

Memorials of legislature

Hawaii, 14110 [14JN]

Petitions

Hilo County, HI, 13264 [6JN]

Western Rural Telephone Association, 16897 [11JY]

Remarks in House

Banks and banking: losses on loans, 7276 [18AP]

———require notice to borrowers relative to transfer of the servicing of mortgage loans (H.R. 4594), 8134 [24AP]

Correctional institutions: use of certain Dept. of Defense real property, 27346, 27347 [3OC]

Foreign investment: ownership of U.S. properties, 13304 [7JN]

GSA: establish national advisory committee to review Federal Excess and Surplus Personal Property Act (H.R. 5331), 18587 [20JY]

Housing: sale of Resolution Trust Corp. properties to the Dept. of HUD for urban homesteading programs (H.R. 4613), 8323 [25AP]

Japan: economic, social, political, and technological influences in the U.S., 2916-2921 [28FE], 9671-9673 [8MY], 10660-10662 [16MY]

———foreign trade and economic issues, 8567 [27AP]

Library of Congress: acquisition of certain real property (H.R. 5708), 28406-28407 [10OC]

October Is Escrow Month: observance, 25529 [24SE]

San Juan Island, WA: transfer of right, title, and interest in certain property (H.R. 2566), 4543-4545 [20MR]

Small Property and Casualty Insurance Company Equity Act: enact (H.R. 4753), 9709, 9731 [8MY]

Taxation: early withdrawal from individual retirement plans used to acquire the first home of a child or grandchild (H.R. 4975), 13162 [6JN]

———exclude from the gross estate the value of certain land subject to a qualified conservation easement (H.R. 5726), 26186 [27SE]

———impose excise tax on amounts received in connection with certain acquisitions or combinations of partnerships of real estate investment trusts (H.R. 4670), 8395 [26AP], 27377 [3OC]

———treatment of certain real estate activities under the limitations on losses from passive activities (S. 2384), corrections in enrollment (S. Con. Res. 156), 34501 [26OC]

———treatment of estate freezes (H.R. 5425), 21598 [1AU]

———treatment of gains from the sale of certain real property (H.R. 5782), 27411 [3OC]

———treatment of options held by certain tax-exempt organizations to acquire low-income housing (H.R. 5668), 25185 [19SE]

Remarks in Senate

Banks and banking: protection of Federal deposit insurance funds and limit certain liability of depository institutions (S. 2319), 5161 [22MR]

Brennan, William J., Jr.: release of ``Landmark Justice'' on real property decisions, 1996 [20FE]

Federal Used Property for Domestic Use Act: enact (S. 2750), 14457 [18JN]

Hawaii: consent to Hawaiian Homes Commission Act amendments (S.J. Res. 154), 17598 [16JY], 29636, 29637 [16OC]

Housing Affordability Act: enact (S. 1479), 35669 [26OC]

Housing Grant Action Program Act: enact (S. 2504), 8084 [24AP]

Library of Congress: acquisition of certain real property (H.R. 5708), 36367 [27OC]

National Affordable Housing Act: enact (S. 566), 7479, 7480 [19AP], 14536 [19JN]

Pease Air Force Base, NH: purchase of certain property (H.R. 4252), 16580, 16581 [28JN]

Resolution Trust Corp.: disposal of repossessed real property, 9561 [8MY]

———recapture of windfall profits resulting from sale of property, 22811 [3AU]

San Juan Island, WA: transfer of right, title, and interest in certain property (H.R. 2566), 36421, 36424, 36537 [27OC]

Taxation: clarify the calculation of the basis of real property for computing gain or loss from sale (S. 3039), 24170 [12SE]

———permanently extend qualified mortgage bonds and low-income housing credit (S. 3145), 26528 [28SE]

———special valuation of sensitive environmental areas for estate tax purposes (S. 3256), 35847 [26OC]

———special valuation rules in certain cases involving estate freezes (S. 3113), 25924, 25927 [26SE]

———transfer levy, 30722 [18OC]

———treatment of certain real estate activities under the limitations on losses from passive activities (S. 2384), 6151 [30MR]

———treatment of early withdrawals from an individual retirement account for first-time homebuyers (S. 2517), 8207 [25AP]

Reports filed

Acquisition of Certain Real Property for the Library of Congress: Committee on Public Works and Transportation (H.R. 5708) (H. Rept. 101-809), 27772 [5OC]

Consent to Hawaiian Homes Commission Act Amendments: Committee on Energy and Natural Resources (S.J. Res. 154) (S. Rept. 101-364), 17178 [12JY]

Home Mortgage Disclosure Act: Committee on Banking, Housing, and Urban Affairs (S. 3049) (S. Rept. 101-461), 24410 [13SE]

Pease Air Force Base, NH, Property Purchase: Committee on Armed Services (H.R. 4252), 16438 [28JN]

Transfer All Right, Title, and Interest of U.S. in Certain Property on San Juan Island, WA: Committee on Energy and Natural Resources (H.R. 2566) (S. Rept. 101-535), 30362 [17OC]

Statements

National Affordable Housing Act: Senator Pressler, 9148 [2MY]

Technical explanation

Excise tax on amounts received in connection with certain acquisitions or combinations of partnerships of real estate investment trusts (H.R. 4670), 8395 [26AP]

Texts of

H.R. 2566, directing the Dept. of the Interior to transfer right, title, and interest in certain property on San Juan Island, WA, 4543 [20MR]

H.R. 2566, transfer of right, title, and interest in certain property on San Juan Island, WA, 36421 [27OC]

H.R. 4594, require notice to borrowers relative to transfer of the servicing of mortgage loans, 8135-8137 [24AP]

H.R. 5708, Library of Congress's acquisition of certain real property, 28406 [10OC]

H.R. 5782, tax treatment of gains from the sale of certain real property, 27411 [3OC]

S. 2384, tax treatment of certain real estate activities under the limitations on losses from passive activities, 6151 [30MR]

S. 2517, tax treatment of early withdrawals from an individual retirement account for first-time homebuyers, 8207 [25AP]

S. 3039, clarify the calculation of the basis of real property for computing gain or loss from sale, 24171 [12SE]

S. 3113, special tax valuation rules in certain cases involving estate freezes, 25924 [26SE]

S. Con. Res. 156, corrections in enrollment of S. 2834, regarding treatment of certain real estate activities under the limitations on losses from passive activities, 34501 [26OC]

S.J. Res. 154, consent to Hawaiian Homes Commission Act amendments, 29636, 29637 [16OC]