District of Columbia Full Self-Government Act - Declares that: (1) this Act shall have no effect on existing law or regulation unless otherwise repealed or amended by this Act or an Act of Congress; and (2) the legislative power of the District shall extend to all rightful subjects of legislation within the District consistent with the U.S. Constitution and the provisions of this Act, subject to all the restrictions and limitations imposed upon the states by the Constitution.
Establishes a Council of the District of Columbia and the Office of the Mayor.
Prescribes requirements for treatment of District employees formerly covered by the Federal Civil Service System.
Prohibits the Mayor's planning responsibility from extending to federal and District international projects and developments.
Prescribes requirements granting the President emergency control of the Metropolitan Police Department.
Declares that the District's judicial powers and the provisions of the District charter applicable to District judges and courts shall be those set forth in the District of Columbia Home Rule Act as in effect on the enactment of this Act.
Subjects the process by which the District develops and enacts its fiscal year budget and related financial management activities to such laws as the District may enact.
Declares that the full faith and credit of the United States is not pledged for any District obligations, nor is the United States responsible or liable for them.
Exempts all District bonds and notes (and interest) from federal taxation, except estate, inheritance, and gift taxes. Authorizes certain entities to invest in District bonds and notes.
Reserves Congress the right to exercise constitutional authority as legislature for the District.
Repeals the District of Columbia Home Rule Act (establishing the existing District charter), but not any provision of law amended or repealed by such Act.