United States · United States Congress · 6 March 1978
National Credit Union Central Liquidity Facility Act - Establishes the National Credit Union Central Liquidity Facility to provide funds to meet the liquidity needs of credit unions. Vests management of the Facility in the National Credit Union Administration. Declares the initial capitalization of the Facility shall be by stock subscription consisting of shares having par value of $50 each. Entitles any member of the Facility to apply on a form prescribed by regulations for advances. Authorizes the Administration to deny or grant any application upon such terms as it may prescribe by regulations. Authorizes the Secretary of the Treasury to lend the Facility up to $500,000,000 to enable it to meet the obligations arising under this Act. Directs the Administration to prepare and submit to the President and to the Congress annually a full report on the activities of the Facility for the previous year. Directs the Comptroller General to audit the Central Liquidity Facility.
United States · United States Congress · 15 February 1978
Amends the Board for International Broadcasting Act of 1973 to prohibit assistance to Radio Free Europe or Radio Liberty if any Communist country is permitted to use such broadcast facilities.
United States · United States Congress · 6 February 1978
Makes additional immigration visas available in the case of a foreign state from which the total number of immigrants admitted to the United States in any fiscal year after June 30, 1972 was less than three fourths of the average annual number of visas made available to immigrants from such state during the ten year period beginning July 1, 1955. Limits to 7,500 the total number of visas to be made available in the case of any one foreign state. Specifies the percent of additional visas to be allocated to the categories of preference and nonpreference priorities set forth in the Immigration and Nationality Act. Stipulates that the provision of such Act which prohibits the admittance of aliens seeking to enter the United States for the purpose of performing skilled or unskilled labor shall not apply in the determination of an immigrant's eligibility to receive an additional visa as authorized by this Act. Limits the application of the provisions of this Act to four years. Stipulates that nothing in this Act modifies or affects the authority of the Attorney General in the administration of any law relating to immigration, nationality, or naturalization.
United States · United States Congress · 2 February 1978
Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act and the Internal Revenue Code to reduce tax rates below the level established by the Social Security Amendments of 1977 on employment income for both employers and employees and on self-employment income. Increases Federal contributions to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund established under Title XVIII (Medicare) of the Social Security Act by 50 percent. Increases the ceiling on the amount of income that is subject to social security taxation to $100,000 in 1979.
United States · United States Congress · 30 January 1978
American Dream Act - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in graduated payment mortgages and reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.
United States · United States Congress · 30 January 1978
Title I: Meat and Meat Products - Requires, under the Federal Meat Inspection Act, the package or container of any imported meat or meat products capable of use as human food to be labeled in such a way as to inform consumers that such product was imported. Requires that such products meet the same health standards as domestically produced meats. Requires testing of imported meat in the countries from which such meat is being imported. Directs that periodic tests be conducted in the United States by the Department of Agriculture also. Authorizes the Secretary of Agriculture to prescribe such assessments and fees as he determines necessary to cover the Departments costs under this Title. Title II: Dairy Products - Prohibits the importation of dairy products into the United States unless the Secretary of Health, Education, and Welfare certifies the products as wholesome and pure. Requires the Secretary to establish standards for imported products comparable to standards imposed upon domestic dairy products. Directs the Secretary, where and to the extent necessary, to inspect imported dairy products and require such products to be accompanied by a certificate of compliance issued by the Secretary. Requires imported dairy products to comply with United States labeling and packaging requirements. Requires that imported dairy products be labeled in such a way as to inform consumers that such product was imported.
United States · United States Congress · 19 January 1978
Amends the Tax Reform Act of 1976 to delay for one year, in the case of individuals whose taxable year is a fiscal year, the limitations imposed by such Act on the deduction of prepaid interest by cash basis taxpayers.
United States · United States Congress · 15 December 1977
Amends the Federal Reserve Act to direct the chairman of the Federal Reserve Board to submit a report to specified Congressional committees on each instance when the Board of Governors of the Federal Reserve System, its officers, or its employees, and the Board of Directors of the Federal Reserve banks, their officers or employees have communicated with officers or employees of any institution subject to the regulatory authority of the Federal Reserve System to influence legislative activity affecting the Federal Reserve System.
United States · United States Congress · 15 December 1977
Amends the Woodrow Wilson Memorial Act of 1968 to establish a Hubert H. Humphrey Fellowship in Social and Political Thought at the Woodrow Wilson International Center for Scholars at the Smithsonian Institution. Establishes the Hubert H. Humphrey Fellowship Trust Fund in the Treasury.
United States · United States Congress · 4 November 1977
Declares the sense of the Congress that the President and the Secretary of State should take all necessary steps to bring the Baltic States question before the United Nations and to urge the United Nations to request the Soviet Union to withdraw all non-native troops, agents, colonists, and controls from the Republics of Lithuania, Latvia, and Estonia, and to return all Baltic exiles from Siberia and from prisons and labor camps in the Soviet Union. Requires the Secretary of State to do his utmost to bring the matter of the Baltic States to the attention of all nations by means of special radio programs and publications. Declares that the United States should not agree to the recognition of the Soviet Union's annexation of Lithuania, Latvia, and Estonia. Directs the President to take steps to provide that all maps of Europe show the Republics of Lithuania, Latvia, and Estonia as independent states. Calls for a return of self-determination to the peoples of Lithuania, Latvia, and Estonia through free elections conducted under the auspices of the United Nations.
United States · United States Congress · 1 November 1977
Makes additional immigration visas available in the case of a foreign state from which the total number of immigrants admitted to the United States in any fiscal year after June 30, 1972 was less than three fourths of the average annual number of visas made available to immigrants from such state during the ten year period beginning July 1, 1955. Limits to 7,500 the total number of visas to be made available in the case of any one foreign state. Specifies the percent of additional visas to be allocated to the categories of preference and nonpreference priorities set forth in the Immigration and Nationality Act. Stipulates that the provision of such Act which prohibits the admittance of aliens seeking to enter the United States for the purpose of performing skilled or unskilled labor shall not apply in the determination of an immigrant's eligibility to receive an additional visa as authorized by this Act. Limits the application of the provisions of this Act to four years. Stipulates that nothing in this Act modifies or affects the authority of the Attorney General in the administration of any law relating to immigration, nationality, or naturalization.
United States · United States Congress · 20 October 1977
Declares that there be no reduction of customs duties on textile or apparel products and that such products be excluded from the current Tokyo Round of Multilateral Trade Negotiations in Geneva.
United States · United States Congress · 18 October 1977
Extends the authority of the Board of Governors of the Federal Reserve System to regulate interest rates on deposits and share accounts in depository institutions from December 15, 1977, to December 15, 1979.
United States · United States Congress · 17 October 1977
Safe Banking Act - Title I: Supervisory Authority over Depository Institutions - Creates civil penalties for specified insider loans and loans to affiliates prohibited by the Federal Reserve Act; for violations of reserve requirements under such Act; and for violations of the National Bank Act relating to one borrower loan limits. Amends the Federal Reserve Act and the Federal Deposit Insurance Act to prohibit member banks and State nonmember banks from making loans to specified insiders where the amount of such loan, when aggregated with the amount of all other loans then outstanding by such bank to such insider, would exceed 50 percent of the limits on loans to a single borrower established by the Federal Reserve Act. Amends the National Housing Act to grant authority to the Federal Savings and Loan Insurance Corporation to make loans to a savings and loan association in order that it may buy the assets of a failing savings and loan. Authorizes financial regulatory agencies, including the National Credit Union Administration and the Federal Home Loan Bank Board, to initiate cease and desist actions against officers, directors, stockholders, or any person participating in the affairs of a financial institution (as well as against the institution itself as is allowed current law) when there have been violations of laws and regulations or unsafe and unsound banking practices which are likely to seriously weaken the condition of the institution in question. Sets forth a procedure to be followed for removal of officers and directors for breach of judiciary duty, which is defined as personal dishonesty or continuing disregard for the safety of the institution. Creates a hearing process for removal of a bank officer or director based on an indictment for or conviction of a felony. Title II: Interlocking Directors - Depository Institution Management Interlocks Act - Prohibits interlocking management and director relations between any depository institutions located in the same metropolitan area, savings loan associations, insurance companies, title companies, companies which appraise real property, and companies which close real estate transactions. States that this prohibition applies without regard to geographical limits where such an institution has assets exceeding $1,000,000,000 and seeks an interlocking relationship with any institution with assets over $500,000,000. Permits any person who is operating as a management official and whose activity was not in violation of this Act at the beginning of such service, to continue to serve in that position for a period not to exceed 15 months. States that a violation of this Title constitutes a violation of the Clayton Act. Charges the Antitrust Division of the Department of Justice with investigations of possible violations. Delegates authority for the enforcement of this Act. Title III: Foreign Branching - Amends the Federal Deposit Insurance Act to prohibit any State nonmember insured bank from operating any foreign branch without prior written consent of the Federal Deposit Insurance Corporation (FDIC). Permits such bank to acquire evidence of ownership in any foreign bank with such consent. States that when the liabilities of an insured bank for deposits are assumed by another insured bank the following shall occur: (1) the insured status of the bank whose liabilities are assumed shall terminate on the date of receipt by the FDIC of evidence of such assumption; (2) termination of separate insurance of all assumed deposits at the end of six months from the effective date; and (3) notification of such assumption by the assuming bank to each of the depositors of the assumed bank. Subjects performance of any bank services for a bank which is examined by a Federal supervisory agency to regulation by such agency. Requires such bank to notify such agency of the service relationship. Title IV: Conflicts of Interest - Depository Institutions Conflict of Interest Act - Amends the Federal Reserve Act to provide for the appointment by the President of the Senate, of a chairman and a vice chairman of the Federal Reserve Board. Amends the Federal Deposit Insurance Act, the Federal Reserve Act and the Federal Home Loan Bank Act to prohibit specified Presidential-appointee bank regulatory agency heads and members of such agencies from being employed for a period of two years after they leave office by institutions under their regulatory jurisdiction or with a holding company of affiliate. States that the Chairman of the Board of Governors of the Federal Reserve System shall be paid a salary at the Level I or Cabinet level and the remaining members shall be compensated at the Level III rate. Title V: Credit Union Restructuring - Amends the Federal Credit Union Act to place the National Credit Union Administration under the management of a National Credit Union Administration Board. Directs the Chairperson of such Board to be the spokesperson of the Board and to represent the Board and the National Credit Union Administration in its official relations with other branches of the Government. Requires each Federal credit union to pay the Administration an annual operating fee and to make annual financial reports to the Board. Title VI: Change in Bank Control Act - Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation, with consultation with the Board of Governors of the Federal Reserve System and the Comptroller of the Currency, to approve or deny in advance any change in control of any bank insured under this Act. Sets forth the procedure for such approvals or denials. Disallows approval if the change would create a monopoly, lessen competition, threaten the safety of the institution, or if the management capability of the applicant is not sound. Subjects the stock of all insured banks to the margin requirements established pursuant to the Securities Act of 1934. Requires insured banks to fully disclose bank stock loans to the Federal Deposit Insurance Corporation. Sets forth civil penalties for violations of this Title. Title VII: Change in Savings and Loan Control Act - Amends the National Housing Act to authorize the Federal Deposit Insurance Corporation to approve or deny in advance any change in control of any savings and loan association. Sets forth the procedure for such approvals or denials. Subjects the stock of all insured institutions to the margin requirements established pursuant to the Securities Act of 1934. Requires insured institutions to fully disclose bank stock loans to the Federal Deposit Insurance Corporation. Sets forth civil penalties for violations of this Title. Title VIII: Correspondent Accounts - Amends the Federal Deposit Insurance Act to direct each appropriate banking agency to study and report to Congress various aspects of interbank accounts. Title IX: Disclosure of Material Facts - Amends the Federal Deposit Insurance Act to require banks to include the following (in addition to other items) in at least one report of condition filed annually: (1) a list of all stockholders of record owning five percent or more of the stock of the institution; (2) a list by name of each insider, his maximum amount of indebtedness during such period, his outstanding amount of indebtedness, the range of interest rates charged on such indebtedness and the terms and conditions of such indebtedness; and (3) a list of the dollar amount of loans classified substandard, doubtful, and loss at the last examination of the bank. Title X: Financial Institutions Examination Council - Federal Bank Examination Council Act - Establishes the Bank Examination Council which shall prescribe uniform principles and standards for the Federal examination of financial institutions. Directs the Council to make recommendations for uniformity in other supervisory matters, including classification of loans subject to risk and identification of financial institutions in need of special supervisory attention. Requires the Council to establish a liaison committee composed of five representatives of State supervisory agencies in order to encourage the application of uniform examination principles and standards by State and Federal supervisory agencies. Authorizes the Comptroller of the Currency, upon the request of the Board of Governors of the Federal Reserve System, to examine foreign operations of State member banks. Title XI: Right to Financial Privacy - Right to Financial Privacy Act - Prohibits any Federal Agency or employee, or any State of local government, from obtaining copies of, access to, or the information contained in, the financial records of any customer from a financial institution unless such records are described with particularity and: (1) such customer has authorized such disclosure in accordance with this Act; (2) such records are disclosed in response to an administrative subpena or summons; (3) such records are disclosed in response to a court order; or (4) such records are disclosed in response to a judicial subpena. States that no depository institution may provide to a Federal agency or employee, or to any State or local government, copies of or the information contained in the financial records of any customer except in accordance with the requirements of this Act. Requires that any depository institution which operates a customer bank communications terminal establish precautions which prevent unauthorized access to, or use of, the terminal and disclosure to unauthorized parties. Sets forth provisions governing customer authorization, administrative subpenas and summons, judicial subpenas, and search warrants. Prescribes civil and criminal penalties for violation of the provisions of this Title. Title XII: Charters for Thrift Institutions - Amends the Home Owners' Loan Act to authorize the Home Loan Bank Board to provide for the organization, chartering operation, and regulation of associations to be known as Federal Savings and Loan Associations or Federal mutual savings banks. Subjects converting mutual savings banks to: (1) the requirements of existing State law pertaining to discrimination in the extension of home mortgage loans if the State requirements are more stringent than Federal laws and regulations; (2) a residential housing investment quota; and (3) such conditions of the Federal Home Loan Bank Board may prescribe. Establishes a five year shared risk program in the event that a converting institution fails. Title XIII: Holding Companies - Grants cease and desist and removal authority to the Board of Governors of the Federal Reserve System with respect to bank holding companies and to the Federal Home Loan Bank Board with respect to savings and loan holding companies. Sets forth civil penalties for violations of the Bank Holding Company Act. Eliminates the exemption for agricultural, labor, and horticultural organizations under the Bank Holding Company Act. Permits the waiver of the 30 day notice requirement for acquisitions of banks by bank holding companies when the action would facilitate the acquisition of a failing bank. Prohibits bank mergers or acquisitions by bank holding companies if such transactions would result in a monopoly, furtherance of a combination or conspiracy to monopolize, or substantially lessen competition in any section of the country unless such anticompetitive effects are clearly outweighed in the public interest by the probable effect of the transaction in meeting the convenience and needs of the community to be served. Prohibits such transactions if the appropriate regulatory agency finds that as a result of such transaction any one bank or holding company will control more than 20 percent of the banking assets held by banks in the States in which such bank of holding company is located. Excepts from such 20 percent prohibition a transaction which the appropriate agency finds to be immediately necessary to prevent the probable failure of a bank and where such agency finds that a less anticompetitive alternative is not available. Gives the appropriate agency discretion to prohibit such a transaction even if it is not disallowed by any other part of this Act if it is found to have probable adverse effects on competition or market concentration which are not clearly outweighed by the public interest. Gives the Department of Justice an independent right to seek a court injunction for any violation of this Act. Gives the district courts of the United States jurisdiction to prevent and restrain violations of this Act. Restricts standards for the entry of bank holding companies into bank related activities by requiring that such companies may not enter into such activities unless they are so closely and directly related to banking or managing or controlling banks that they are considered a proper and necessary incident thereto. Requires that such activity be likely to produce substantial benefits to the public which clearly and significantly outweigh possible adverse affects. Allows a bank holding company to continue specified activities so long as it has continuously engaged in those activities. Prohibits any national bank from engaging in any activity which the Board finds to be an improper activity for bank holding companies in general, or the holding company owning the bank in question, in particular. Requires bank holding companies and their subsidiaries to be capitalized in a safe and sound manner and to refrain from discriminating in making loans in favor of their parent holding company or their affiliated subsidiaries. Requires regular reports to the Board dealing with all intercompany loans. Sets forth procedures for administration of this Act and for judicial review. Gives to any interested person the right to petition the Board to commence a proceeding to consider the issuance, amendment, or revocation of a regulation promulgated here under. Title XIV: Effective Date - States that this Act shall take effect 120 days after enactment.
United States · United States Congress · 12 October 1977
Amends the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings be released to the general public three years after the date of the meeting to which they relate.
United States · United States Congress · 6 October 1977
Declares it the sense of Congress that the proposed toll increases on the Saint Lawrence Seaway should not be adopted and that negotiations on new tolls should be reopened, and if any toll increases are necessary, such increases should be minimal.
United States · United States Congress · 15 September 1977
Expresses the sense of the Congress that the sites of service of General Thaddeus Kosciuszko should be recognized by the Federal, State, and local governments as the Kosciuszko Military Engineering Sites and marked by suitable markers. Encourages the Secretary of the Interior to accept the donations of such suitable markers for placement within the National Park System.
United States · United States Congress · 12 September 1977
Establishes procedures for taking the decennial census. Establishes a decennial census period beginning two years prior to the decennial census date and ending three years after such date. Authorizes the Secretary of Commerce during this period to conduct a trial census which shall be the final test of all the procedures to be used in taking the decennial census. Requires the Secretary to submit a report regarding such trial census to specified committees in Congress prior to conducting such a census. Stipulates that no changes may be made in the content or procedures to be used in taking a decennial census after four months following the date of a trial census. Stipulates that the decennial census shall consist only of: (1) an enumeration of the population; (2) sample surveys of the characteristics of the population and housing of the United States; and (3) supplemental surveys necessary to meet the needs of the Federal, State, or local government for economic and social data. Sets forth restrictions regarding the collection of such data. Allows employees conducting the enumeration of population access to the records of the Federal Government and of State or local governments which are necessary to insure that all individuals and households are counted. Stipulates that such employees may obtain only names and addresses from such records and that such information may only be used for purposes of the enumeration. Authorizes the Secretary to conduct special surveys in a State for the purpose of clarifying the findings of decennial supplemental surveys. Directs the Secretary to prepare a plan specifying procedures to be used for correcting errors in census counts and to submit such plan to specified committees in Congress. Directs the Secretary, beginning in 1985, to conduct a mid-decade census of population. Requires the use of the most recent data, either from the decennial or mid-decade census, in determining eligibility for benefits under Federal programs in which census data is a factor. Requires the Secretary to submit specified reports to Congress prior to the taking of a decennial or mid-decade census. Directs the Secretary to insure that the language and categories of questions used on census forms take into account the needs and preferences of the public and to establish a program to provide information to the public regarding the need for, and operation of, the decennial census. Authorizes the Secretary to establish a program for the training and selection of supervisory employees engaged in decennial census activities. Directs the Secretary to prepare a plan for conducting censuses other than the decennial or mid- decade census and to submit such plan to Congress at least 60 days before the census is begun. Authorizes the Secretary to issue "determination estimates," defined as estimates derived from any data which (1) is not produced as an activity of the decennial census period and (2) is produced to enable the executive branch of the Federal Government to determine the amount of benefit received under a Federal law by a State or local government. Sets forth procedures by which a State or local government may challenge such an estimate. Directs the Secretary to establish a Division of Evaluation within the Bureau of the Census to evaluate censuses and to submit the results of such evaluation to the Secretary and the Director of the Census. Directs the General Accounting Office to review evaluations made by the Division every three years. Directs the Secretary in 1979, in 1983, and in every fifth year thereafter, to conduct a census of agriculture. Directs the Secretary to conduct a census of irrigation and drainage in 1979, 1983, and every tenth year after 1983.
United States · United States Congress · 4 August 1977
Consumer Credit Protection Act Amendments - Title I: Electronic Funds Transfers - Electronic Funds Transfer Act - Amends the Consumer Credit Protection Act to prohibit the execution of purchase or transfer transactions by electronic means other than under an electronic funds transfer agreement entered into between an institution and a consumer. Defines the term "electronic funds transfer agreement" as an agreement between an institution and a consumer under which the institution provides the consumer with the capacity to engage in electronic transfer or purchase transactions. Requires an institution, before entering into an electronic funds transfer agreement, to disclose clearly in writing to a consumer: (1) the conditions under which any charges may be imposed on any consumer account; (2) the terms and conditions of the electronic funds transfer agreement; (3) the circumstances under which the institution may cancel or restrict the electronic funds transfer agreement; (4) the consumer's right to receive a record of transactions; (5) the consumer's right to permanently stop a transfer of funds; (6) the manner in which the consumer should report a theft, loss, or unauthorized use of a funds transfer card; (7) the consumer's right to initiate an error correction and to receive a written response from the institution; and (8) the fact that Federal law makes the institution responsible to the consumer for all losses to any account of the consumer in excess of $50 resulting from an unauthorized transfer of funds. Requires an institution to mail or deliver to each consumer an itemized monthly statement which includes the date, amount, and number of the consumer's account into or out of which funds were transferred and a brief description of each transfer transaction. Prohibits any institution from amending any electronic funds transfer agreement without giving prior notice to the consumer. Allows a consumer to order an institution to permanently stop the transfer of funds for a transaction by notification to the institution. Prohibits an institution from disclosing to a seller any information about any account of a consumer in connection with a purchase transaction other than whether the purchase transaction is authorized. Makes an institution responsible for and liable to the consumer for all losses to the consumer that result from the failure of the institution to carry out a transfer transaction. Allows consumers to initiate an error correction of an account by notifying the involved institution of the alleged error. Requires the institution to correct the error or to explain the absence of error. Establishes restrictions on preauthorized payments from or deposits to an account of a consumer, or on transfers of funds between accounts of a consumer, made by electronic means. Prohibits an institution from providing a consumer with purchase or transfer capacity, except in response to a request or application for an electronic funds transfer agreement that is in writing and signed by the consumer. Requires institutions to inform consumers of their rights. Places liability for all losses to any account of a consumer resulting from an unauthorized transfer of funds on the financial institution unless specified conditions are met. Prohibits any seller from charging a consumer more for any goods, property, or services purchased by the consumer and paid for by check than the seller would charge the consumer if the goods, property, or services were paid for through a purchase transaction. Sets forth the formula for the determination of civil liability. States that any person who willfully and knowingly gives false or inaccurate information, fails to provide information which is required to be disclosed, or otherwise fails to comply with any provision of this title shall be fined not more than $5,000 or imprisoned not more than a year, or both. Places the enforcement of this title in the case of national banks, Federal Reserve member banks, insured banks, Federal savings and loan associations, and Federal credit unions with their respective regulatory agencies. Directs the Federal Trade Commission to enforce the requirements of this title in all other cases. Permits the Board of Governors of the Federal Reserve System to exempt classes of practices involving electronic fund transfer with any State from the requirements of this title if the Board determines that the State's regulations are similar to those of this title. Directs the Board and the Attorney General to make reports to Congress concerning the administration of their functions under this title. Title II: Credit Card Amendments to the Truth in Lending Act - Amends the Truth in Lending Act to expand the required disclosures by creditors before credit is extended under an open end consumer credit plan. Prohibits the issuance of unsolicited credit cards. Requires credit card issuers to be prompt in the billing of charges. Requires credit card issuers to disclose the following information to prospective cardholders: (1) the circumstances under which the plan may be restricted or closed; (2) the circumstances under which any line of credit under the plan may be temporarily or permanently unavailable or reduced and the extent to which the line of credit may be reduced; and (3) the consequences to a cardholder of exceeding a line of credit permitted under the plan. Prohibits any card issuer from amending any credit card plan by modifying or adding services without giving proper notification to the cardholder. Disallows the imposition of service charges by the card issuer in specified instances. States that no finance charge may be imposed on purchases of goods or services which are paid within 25 days after the closing date of the billing cycle in which the purchase was posted to the account. Sets forth the formula for determining the balance upon which a finance charge may be imposed under a credit card plan. Prohibits the billing of a cardholder for any annual or periodic fees where the card issuer has permitted a cardholder to elect to defer payment of all or any portion of the outstanding balance at the end of a billing cycle and to incur a finance charge thereon.
United States · United States Congress · 3 August 1977
Investment Policy Act - Title I: Findings and Definitions - States that the lack of a national policy on investment can adversely affect the economic health and well-being of the Nation. Title II: Declaration of National Policy - Declares that it is the policy and responsibility of the Federal Government to provide incentives to assure maximum investment in private enterprise. Title III: Federal Agency Coordination and Cooperation - Requires the Council on Wage and Price Stability shall submit an Investment Policy Report to Congress which shall include information on levels of capital investment available, trends in such levels, and reviews of economic programs affecting capital investment. Requires the President to transmit to Congress as a part of the economic report such other recommendations as desirable or necessary to achieve the policy declared in this Act.
United States · United States Congress · 3 August 1977
Honors General Thaddeus Kosciuszko by presenting the memorial plaque to be erected in his memory in the Wawel Cathedral in Krakow, Poland, on October 17, 1977, as a gift of the American people to the people of Poland.
United States · United States Congress · 28 July 1977
Grants the court of claims jurisdiction to render judgments against the United States upon claims for losses other than lost profits sustained by producers, processors, manufacturers, distributors, dealers, or other persons resulting from the ban on apparel, fabric, yarn, or fiber containing Tirs phosphate.
United States · United States Congress · 14 July 1977
Stocks Management and Reserve Act -- Title I: Amends the Agricultural Act of 1949 to direct the Secretary of Agriculture to establish, maintain and dispose of a separate reserve of wheat, corn and other enumerated feed grains through storage contracts with producers. Limits such reserves to no less than 25 million tons nor more than 35 million tons. Specifies how the Secretary may establish such reserves through the Commodity Credit Corporation. Title II: Amends the Agriculture Act of 1949 to set the loan level per bushel of wheat at $2.25 for the 1977 crop and $2.35 for the 1978 through 1981 crops. Sets the loan level per bushel of corn at $1.75 for the 1977 crop and $2.00 for the 1978 through 1981 crops. Sets a formula for the adjustment of the respective loan rates under specified circumstances. Requires the Secretary to set a fair and reasonable loan level on each crop of barley, oats, and rye. Title III: Amends the Agriculture Act of 1949 to authorize the President (1) to enter into negotiations with other nations to develop an international system of food reserves to provide for humanitarian food relief needs, and (2) to establish and maintain an International Emergency Food Reserve, as a contribution of the United States toward the development of such a system, to be made available in the event of food emergencies in foreign countries. Requires for such reserve minimum stocks of two million tons, allowing an increase up to six million tons pursuant to an international agreement. Requires periodic rotation of such stocks to avoid spoilage and deterioration.
United States · United States Congress · 30 June 1977
Federal Mutual Savings Bank Act - Amends the Home Owners' Loan Act to authorize the Federal Home Loan Bank Board to provide for the organization, conversion, operation, and regulation of associations which may be known as Federal Savings and Loan Associations or Federal Savings Banks. Allows for the chartering of such associations. Amends the Federal Deposit Insurance Act to provide that whenever a State-chartered mutual savings bank which is insured by the Federal Deposit Insurance Corporation is converted into a Federal Savings Bank, the Federal Deposit Insurance Corporation shall calculate the amount in its capital account attributable to such mutual savings bank and shall transfer to each Federal Savings Bank the amount calculated in accordance with this Act. Requires the Federal Savings and Loan Insurance Corporation to insure the accounts of all Federal Savings Banks. Allows for the conversion of a State-chartered mutual savings bank into a Federal savings and loan association or a Federal Savings Bank to the extent authorized by the Federal Home Loan Bank Board.
United States · United States Congress · 27 June 1977
Authorizes the establishment of two additional positions on the Capitol Police for duty under the House of Representatives. Designates such positions as (1) general counsel to the chief of the Capitol Police, and (2) deputy chief of the Capitol Police. Establishes the rate of compensation of the Chaplain of the House of Representatives.
United States · United States Congress · 20 June 1977
National Weatherization Act - Title I: Utility Program - Amends the Energy Policy and Conservation Act to promote the voluntary submission by a State to the Administrator of the Federal Energy Administration of a residential energy conservation plan for utilities in such State. Requires such plan to direct utilities to implement a program informing residential customers of suggested measures for saving home heating and cooling costs. Permits the Administrator to require a regulated or unregulated utility in a State to offer such program upon the Administrator's determination that such State has not offered such plan for approval or implemented such plan. Title II: Weatherization Grants for the Benefit of Low-Income Families - Amends the Energy Conservation in Existing Buildings Act of 1976 to permit a raise in the eligible income level for weatherization grants to low-income families. Expands the definition of the term "weatherization materials" in such Act to include additional devices and technologies. Limits the amount of financial assistance available under such Act that may be spent on weatherization materials and specified accompanying costs. Amends the Housing Act of 1949 to require the Secretary of Agriculture to conduct a weatherization program financing the installation of weatherization materials in farm residences occupied by low-income people. Title III: Secondary Financing and Loan Insurance for Energy Conserving Improvements - Amends the Federal National Mortgage Association Charter Act to direct the Federal National Mortgage Association to purchase loans insured under the National Housing Act and made to low- and moderate-income families for the installation of energy conserving improvements in residences owned by such families. Permits the Secretary of Housing and Urban Development to insure a loan for the installation of energy conserving improvements. Specifies the eligibility conditions of such loan. Allows the Government National Mortgage Association to have standby authority to purchase loans for energy-conserving improvements. Title IV: Miscellaneous - Permits the Secretary of Housing and Urban Development to enter into annual contributions contracts for low-income projects to finance the installation of energy- conserving improvements. Directs the Secretary of Agriculture to promote the use of energy saving techniques through minimum property standards established for new rural residential housing assisted under the Housing Act of 1949. Amends the National Housing Act to permit specified increased amounts of assistance if such increase results from increased cost of a residence or project due to the installation of a solar energy system. Directs the Secretary of Housing and Urban Development to conduct a study for determining the necessity of a mandatory Federal requirement that all residential dwelling units meet energy efficient standards.
United States · United States Congress · 13 June 1977
Amends the National Housing Act to require an affirmative vote of the shareholders of an insured institution owning at least two-thirds of its voting stock or voting power before the Federal Home Loan Bank Board may approve the acquisition of control of such institution by any savings and loan holding company or any other company.
United States · United States Congress · 9 June 1977
Authorizes the Secretary of the Interior to designate the sites of service of General Thaddeus Kosciuszko during the American Revolution as the "Kosciuszko Historic Route."
United States · United States Congress · 9 June 1977
Declares that it is the sense of the Congress that the United States Postal Services should not reduce the frequency of mail delivery service for any user of the mails below the frequency of such service which was in effect for such user of June 1, 1977.
United States · United States Congress · 8 June 1977
Directs the printing as a House document of the report by the Subcommittee on Consumer Affairs of the Committee on Banking, Finance, and Urban Affairs entitled "Give Yourself Credit: Guide to Consumer Credit Laws."
United States · United States Congress · 2 June 1977
Authorizes the President of the United States to designate the week beginning on the Sunday preceding the fourth Thursday in November of each year as "National Family Week".
United States · United States Congress · 1 June 1977
Amends Titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to require automatic sprinkler systems in all skilled nursing facilities and intermediate care facilities certified for participation in the Medicare or Medicaid programs unless a waiver of such requirement is granted in accordance with conditions set forth in this Act. Establishes a program of low-interest Federal loans to assist such facilities in constructing or purchasing and installing automatic sprinkler systems.
United States · United States Congress · 23 May 1977
International Banking Act - Amends the Federal Reserve Act to permit foreign banks to establish and operate Federal branches in any State in which it is not prohibited for a foreign bank to establish such a branch upon receipt of approval from the Comptroller of the Currency. Sets forth considerations which the Comptroller must take into account in determining whether to permit foreign banks to operate under this Act. Permits the Comptroller, in his discretion to waive specified citizenship requirements with respect to directors of associations which are subsidiaries or affiliates of foreign banks. Permits a foreign bank, with the approval of the Comptroller, to convert any branch operated pursuant to State law into a Federal branch or agency. Terminates the authority to operate a Federal Federal branch when (1) the parent bank voluntarily relinquishes it; (2) the parent bank is dissolved; (3) the Comptroller has reasonable cause to believe that a foreign bank has not complied with the provisions of this Act and revokes the authority to operate a Federal branch; or (4) when a conservator is appointed for such foreign bank. Prohibits any branch from accepting deposits of United States citizens, residents, or businesses whose principal place of business is in the United States unless the branch maintains a surety bond or pledge of assets with the Federal Deposit Insurance Corporation. Sets forth the assets which foreign banks are required to keep or deposit before the Federal branch may accept deposits of United States residents or businesses. Prohibits foreign banks from retaining interests in non-banking companies or from participating in non-banking activities with specified exceptions. Requires the Secretary of the Treasury (1) to issue guidelines with respect to the entry of foreign banking organizations into banking in the United States; and (2) to assist Federal and State banking agencies in acting on applications for the establishment of branches by foreign banks. Requires each foreign bank that maintains an office other than a branch in an State to register with the Secretary of the Treasury; the Secretary of State, and the Board of Governors of the Federal Reserve System. Makes provisions for the enforcement of this Act.
United States · United States Congress · 12 May 1977
Declares the flower commonly known as the rose to be the national floral emblem of the United States of America. Requests the President of the United States to declare such fact by proclamation.
United States · United States Congress · 10 May 1977
Grants the court of claims jurisdiction to render judgments against the United States upon claims for losses other than lost profits sustained by producers, processors, manufacturers, distributors, dealers, or other persons resulting from the ban on apparel, fabric, yarn, or fiber containing Tirs phosphate.
United States · United States Congress · 9 May 1977
Requires that the sites of service of General Thaddeus Kosciuszko during the American Revolutionary War be marked and that such tracing be officially known as the Kosciuszko Trail.
United States · United States Congress · 28 April 1977
Amends the Omnibus Crime Control and Safe Streets Act of 1968 to condition certain assistance to States, local governments, and agencies thereunder on the adoption of a law enforcement officers' bill of rights to include as a minimum the following: (1) allowing off-duty officers' to engage in political activities; (2) granting officers specified procedural rights in connection with investigations of their conduct on duty which may lead to a personnel action; (3) requiring officer representation on any police complaint review board established in the jurisdiction; (4) prohibiting mandatory disclosure of officers' finances; and (5) establishing a law enforcement officers' grievance commission in the jurisdiction to determine officer grievances.
United States · United States Congress · 26 April 1977
Amends Title XVI (Supplemental Security Income for the Aged, Blind, and Disabled) of the Social Security Act to make benefits under such Title payable to a resident alien only if such alien has continuously resided in the United States for at least five years.
United States · United States Congress · 6 April 1977
Amends the Foreign Assistance Act of 1961 to authorize appropriations for fiscal year 1978 for relief assistance to the victims of 1976 earthquakes in Italy.
![Official portrait of Rep. Annunzio, Frank [D-IL-11]](https://www.congress.gov/img/member/a000212_200.jpg)