Word: bill
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Dates: during 1980-1989
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...part, Japan now pays 40% of the annual $6 billion cost of keeping 60,000 U.S. troops on Japanese soil, a marked improvement since 1980, when the U.S. picked up nearly the entire bill. But further initiatives may be limited. When the Persian Gulf conflict threatened Japanese oil shipments last year, Tokyo could not launch an effective response. Former Prime Minister Yasuhiro Nakasone reportedly wanted to send patrol ships to protect Japanese vessels but backed down under heavy domestic pressure. Tokyo settled instead for such moves as increased financial support for U.N. peace-seeking efforts and aid to Omani farmers...
...having to impose $115 million in new taxes? Federal tax reform. To take advantage of the favorable capital-gains measures in the old law, taxpayers unloaded huge quantities of stocks and property in 1986. That boom in financial transactions gave Massachusetts a $140 million budget surplus in 1987. The bill came due this spring, when tax revenue from the windfall dried up and the state found itself in the red. Similar scenarios have unfolded in New York and California, where fellow Democrat Mario Cuomo and Republican George Deukmejian each face deficits in the neighborhood of $1 billion...
...help improve commercial credit for women entrepreneurs, the House Small Business Committee has included new lending incentives for banks in an authorization bill for the Small Business Administration. Under the bill, the banks would earn a small fee for granting SBA-guaranteed loans of up to $50,000. While the plan, which must still pass the full House and Senate, would be open to all small businesses, it would be especially helpful to service companies. Reason: in some cases, creditworthiness could be based on cash flow rather than assets...
Small Business Committee Chairman John LaFalce, a New York Democrat, is set to introduce the Women's Business Ownership bill, which will include the recommendations in his committee's report. Among other things, the bill would require the Federal Reserve to limit the circumstances under which bankers could question women entrepreneurs about their marital status. When banks turn down commercial-loan applicants, the institutions would be required to notify the companies of their right to obtain in writing the bank's reasons for doing...
...addition, the legislation would help women entrepreneurs win a bigger slice of the Government procurement pie. Of the $177 billion in prime federal contracts awarded to companies last year, firms owned by women won 1% of the business. The LaFalce bill would require federal agencies to set numerical goals for awarding contracts to women. Prime contractors would have to set similar goals in awarding work to subcontractors. But LaFalce's bill would have no effect on state government procurement, where conditions are also rough. Mildred Green, 55, founder of Accounting Data Systems of Caro, Mich. (1987 revenues: $2.5 million), recalls...