PUBLIC LAW 99-177—DEC. 12, 1985
99 STAT. 1037
- Public Law 99-177
99th Congress Joint Resolution Increasing the statutory limit on the public debt.
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 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,".
Dec. 12, 1985 [H.J. Res. 372]
Ante, p. 814.
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 payment 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 that— (1) the four men identified as the hijackers of the Achille Lauro were responsible for brutally murdering an innocent American citizen, Leon Klinghoffer, and for terrorizing hundreds 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 providing safe harbor or safe passage to the terrorists. (b) It is the sense of the Senate that— (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.
Vessels. Terrorism. Leon Klinghoffer.
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