Both the Bush Administration and the new Japanese Government headed by Prime Minister Kiichi Miyazawa had given considerable importance to the President,s planned trip to Tokyo in late November, now postponed in the interest of attending to domestic concerns.

The 102d Congress considered H.R. 5100, the Trade Expansion Act of 1992, an omnibus trade bill covering a wide range of issues. The bill became the legislative vehicle for a variety of pending trade bills. H.R. 5100 was reported by the House Ways and Means Committee on June 23, 1992, taken up by the House on July 8,1992, amended, and passed. However, the bill received no action in the Senate. H.R. 5100 included provisions pertaining to market access for various U.S.

In the months following China,s 1989 Tiananmen Square crackdown, both the President and the Congress took a number of initiatives protesting Beijing's actions. These initiatives centered around U.S. concerns related to trade, human rights, and non-proliferation. In intervening years, the United States has periodically imposed, lifted, or waived other sanctions and concluded several trade- related agreements with China relating to these concerns. Those measures that remain in place in 1994 are detailed in the accompanying tables.

The rise of the multinational corporation and the increased flow of capital across national borders have raised anew the question of how to treat foreign direct investment, both inward and outward. The U.S. government and, increasingly, other governments advocate that, with some exceptions, economic policies should be neutral in the treatment of investment, foreign and domestic, inward and outward. This report discusses the changing view of foreign investment, both nationally and internationally.

A cigarette excise tax increase of 75 cents per pack has been proposed to finance part of the President's universal health care program. The tax enjoys considerable public support, would raise about $11 billion per year, and would be relatively simple to administer because it would increase an existing manufacturer's excise tax. This report discusses these rationales, as well as other effects of and concerns about the tax, organized into topics of market failure as a justification for the tax (i.e., economic efficiency); potential for revenue; equity; and the job loss the tax might cause in tobacco growing regions.

In the 1980s, Japan's economy posted strong economic growth, in stark contrast to the more pedestrian growth other developed economies experienced. In this period, referred to as the "bubble" economy, Japan experienced a sharp increase in the values of land and stocks. The fast paced growth came to a halt in 1991, however, as the Ministry of Finance grew concerned over prospects of a rising rate of inflation, and, accordingly, tightened the nation's money supply. Since then, Japanese economic growth has fallen sharply and the economy has experienced asset deflation, rising levels of unemployment, and falling corporate profits and investments.

The surprise election of Socialist Party leader Tomiichi Murayama as Prime Minister on June 29, 1994, reflects an ongoing process of change and realignment in Japanese politics that, in the short term, has made the management of U.S.-Japan relations significantly more difficult and impeded the resolution of important issues. Although Murayama has pledged continuity in U.S.-Japan relations, and key cabinet posts have been given to senior LDP leaders with experience in dealing with Washington, his election could have a number of negative implications for U.S. interests. Among other possibilities, the change could temporarily set back the cause of political reform in Japan, further delay the recovery of the Japanese economy from a three-year long slump, pose new obstacles to trade negotiations aimed at more fully opening Japanese markets to U.S. goods and services, and bring into question Tokyo's cooperation under certain scenarios on the issue of North Korea's nuclear weapons program. The likely hiatus in major decisionmaking may continue at least until the next general election.

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Concerned with Taiwan's growing assertiveness in world affairs, symbolized recently by Taiwan President Lee Teng-hui's June 1995 visit to the United States, Beijing has shifted to a harder line toward Taiwan.

This report discusses congressional interest in the leadership change and economic transformation underway in China, which has grown substantially over the past two years. Leading congressional concerns focus on how economic conditions in China pose opportunities for U.S. enterprise and how the evolution of conditions in China foster U.S. security, economic, and political interests. Congressional concern with China grew in 1995 as a result of reports of the serious decline in the health of senior Chinese leader Deng Xiaoping.

U.S. policy concerns Taiwan center on striking a proper balance between increasing ties with the People's Republic of China (PRC) while sustaining support for Taiwan. Despite eased tensions in the Taiwan Strait and extensive Taiwan trade with and investment in the China mainland, the two sides remain politically far apart and compete for international influence.

U.S. policymakers face continued debate over normalizing U.S. relations with Vietnam. Some favor greater U.S. flexibility and forward movement in relations with Vietnam; others oppose such changes until Vietnam meets long-standing U.S. conditions, especially accounting more fully for U.S. prisoners of war/missing in action (POW/MIA) from the Vietnam War.

This issue brief describes the FY1996 request for DOE's major programs, its implications, and congressional action on the DOE budget. Table 1 at the end of the issue brief highlights the FY1996 DOE budget request.

This report is on Legislative Research in Congressional Offices: A Primer.

In 1997, during the first session of the 105th Congress, the House and Senate will consider many different budgetary measures. Most of these measures will pertain to FY1998 and beyond, but some measures will make adjustments in the budget for the current fiscal year, FY1997. This issue brief describes House and Senate action on major budgetary legislation within the framework of the congressional budget process and other procedural requirements.

This report provides a bibliography that describe general sources of support and a few of the current general guides to writing grant proposals.

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President Clinton signed two reconciliation acts into law in August 1997 as part of a plan to balance the budget by FY2002. To ensure compliance with this goal, enforcement procedures were included in one of the acts in a title referred to separately as the Budget Enforcement Act (BEA) of 1997. The BEA of 1997 extends procedures under the Budget Enforcement Act (BEA) of 1990 through FY2002

This report contains the summary and legislative history of the Budget Enforcement Act of 1997.

The Federal Employees' Health Benefits Program is a health insurance program for federal employees, annuitants, and their dependents. This report contains background information, eligibility and participation, and financing.

The Federal Employees' Health Benefits Program is a health insurance program for federal employees, annuitants, and their dependents. This report contains background information, eligibility and participation, and financing.

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