United States · United States Congress · 3 January 1983
Requires the Secretary of Agriculture to permit farmers and ranchers to transfer, encumber, or lease property securing Farmers Home Administration loans made before September 30, 1985.
United States · United States Congress · 3 January 1983
Authorizes the Administrator of Veterans Affairs to provide scholarships of up to $6,000 per school year to medical students who agree to practice for a specified length of time at a Veterans Administration (VA) facility upon completion of their professional training. Provides the United States with a right to recover expenses against an individual who fails to meet such VA service condition. Provides that certain qualified veterans and dependents of veterans shall have priority with regard to such scholarships. Authorizes appropriations.
United States · United States Congress · 3 January 1983
Ocean and Coastal Resources Management and Development Block Grant Act - Establishes within the Treasury an Ocean and Coastal Resources Management and Development Fund. Limits the total amount payable into the Fund during any fiscal year. Directs the Secretary of Commerce to use specified portions of such funds to: (1) carry out the National Sea Grant College Program; and (2) provide national ocean and coastal resources management and development block grants to each coastal State. Requires such States to report grant allocation and project information, and provide opportunity for public comment before receiving such grants. Sets forth a grant allocation formula based on: (1) actual and future outer continental shelf lease sales, including oil and gas; (2) coastal related energy activities; (3) shoreline mileage; and (4) coastal population. Establishes a minimum grant of one-half of one percent of authorized funds for States having approved coastal management programs. Specifies activities authorized by the Coastal Zone Management Act of 1972 (and coastal energy impact program), and living marine and natural resource management projects as the only eligible uses of block grants. Requires States receiving such grants to submit an expenditure assessment to the Secretary. Directs the Secretary to promulgate implementing regulations.
United States · United States Congress · 3 January 1983
Title I: National Development Investment - National Development Investment Act - Amends the Public Works and Economic Development Act of 1965 to cite such Act as the National Development Investment Act and to revise the emphasis of such Act from primary Federal initiative to coordination of investments between the public and the private sectors. Sets forth the findings of Congress. Authorizes the Secretary of Commerce, upon the application of an eligible State, economic development district, distressed unit of local government (with a population under 50,000 and located outside an economic development district), Indian tribe, or nonprofit economic development organization, to make a grant for a portion of the cost of projects submitted in a development investment strategy. Sets forth eligible activities for such development investment assistance, including repairs, rehabilitation, and small business establishment. Sets forth specific eligibility criteria for applicants for such assistance. Requires an application for a grant under this Act to include: (1) a certification that the area concerned meets certain distress requirements; (2) a certification of any responsibilities which the Secretary has agreed to perform; and (3) a development investment strategy prepared in accordance with this Act. Requires the Secretary to consider specified purposes of this Act in approving applications. Lists as criteria any one of which an area must meet in order to be eligible for a grant under this Act: (1) a per capita income of 80 percent or less of the national average; (2) an unemployment rate above the national average for the most recent 24 month period; and (3) a sudden economic dislocation resulting in job loss. Sets forth the information to be contained in a grant applicant's development investment strategy. Authorizes the Secretary to make grants to establish a revolving loan fund for making or guaranteeing loans to small businesses for initial or working capital, or the purchase of facilities or equipment. Limits to $1,000,000 the amount of any such grant. Limits the amount of any grant under this Act to a maximum 50 percent of the cost of completing the project as determined at the time of the grant application. Permits the Secretary to reduce or waive the non-Federal share of a project in the case of an Indian tribe. Limits expenditures in any one State to a maximum 15 percent of the appropriations made pursuant to this Act, except for expenditures to Indian tribes. Requires the Secretary, each fiscal year, to obligate minimum amounts of funds for such grants. Authorizes appropriations for FY 1984 through FY 1986. Authorizes the Secretary to make economic development planning grants to States, economic development districts, Indian tribes, distressed counties, and distressed units of local government with population of over 50,000 if located outside an economic development district. Earmarks such grants for coordination of investment for community facilities, economic development, manpower training, and transportation services. Authorizes the Secretary to evaluate Federal, State, and local development investment efforts. Authorizes the Secretary to conduct any demonstration program to test the feasibility of new ways to increase productivity, foster innovative technology, match labor force with labor markets, or encourage economic diversity and regional balance. Limits the amount of any such grant to not more than 75 percent of the cost of economic development planning or of investment strategy preparation. Requires the Secretary, each fiscal year, to obligate minimum amounts of funds for such grants. Authorizes appropriations for FY 1984 through FY 1986. Declares that the Secretary of Commerce shall administer this Act with the assistance of a specified Assistant Secretary of Commerce. Authorizes the Secretary to consult with other persons and agencies. Prohibits the approval of any grant unless the Secretary is satisfied that the project concerned will be properly and efficiently administered, operated, and maintained. Sets forth the powers of the Secretary under this Act. Permits the Secretary to discharge any of his responsibilities relative to a project by accepting a certification of the grant applicant's performance of such responsibilities. Requires the Secretary to make comprehensive annual reports to Congress detailing operations under this Act. Requires all laborers and mechanics employed by contractors or subcontractors on projects assisted under this Act to be paid the prevailing rate of wage in the locality. Requires the Secretary to maintain a permanent record of all applications approved for financial assistance. Requires each recipient of assistance to keep records, to review the efficiency, economy, and effectiveness of the project, and to file an annual audit and biannual reports. Grants the Secretary and the Comptroller General access to any books, documents, papers, and records of any recipient, subrecipient, contractor, or subcontractor that are pertinent to assistance received under this Act. Authorizes appropriations through FY 1986. Declares that any contract entered into pursuant to this Act shall be effective only to such extent and in such amounts as may be provided in advance in an appropriation Act. Title II: Appalachian Regional Development - Appalachian Regional Development Act Amendments of 1983 - Amends the Appalachian Regional Development Act of 1965 to declare that investments under such Act shall also be made in severely distressed and underdeveloped counties lacking resources for basic services. Authorizes appropriations through FY 1988 for the administrative expenses of the Appalachian Regional Commission. Authorizes the Commission to lease office space through FY 1988. Authorizes appropriations through FY 1991 for the Appalachian development highway system. Increases from 70 to 80 percent the subsequent Federal share of an Appalachian development highway segment when a participating State proceeds to construct a segment of such a highway without the aid of Federal funds. Applies such increase to projects approved after March 31, 1979. Authorizes the Commission to make grants to States and public and nonprofit entities for projects which will: (1) assist in the creation or retention of permanent private sector jobs, the upgrading of the region's manpower, or the attraction of private investment; (2) provide special assistance to severely distressed and underdeveloped counties which lack financial resources for improving basic services; (3) assist in achieving the goal of making primary health care accessible in the region; or (4) otherwise serve the purposes of this Act. Prohibits the authorization of any financial assistance to enable plant subcontractors to undertake work previously performed in another area by other subcontractors or contractors. Prohibits grants with funds authorized after October 1, 1983, from exceeding 50 percent of the costs of any approved project. Permits such grants to increase the Federal contribution to any project to such percentage as the Commission determines within specified limitations. Authorizes appropriations through FY 1988. Extends the termination date of such Act from 1982 to October 1, 1988.
United States · United States Congress · 3 January 1983
Sunset Review Act of 1983 - Requires the House Committee on Rules and the Senate Committee on Rules and Administration to jointly develop and maintain an inventory of all Federal programs and tax expenditures. Requires such inventory to classify all such programs and expenditures according to the jurisdiction of the various legislative committees of the two Houses. Requires the General Accounting Office (GAO), before the beginning of the 99th Congress, after consultation with the appropriate legislative committees and the Congressional Budget Office, to submit a draft inventory to the House Committee on Rules and the Senate Committee on Rules and Administration. Requires such Committees to notify each legislative committee of the programs and tax expenditures which are classified within its jurisdiction. Allows any legislative committee to propose revisions of such inventory within 30 days after notification. Requires that such inventory be published in a single document. Requires that an update be made of such inventory at the beginning of every Congress. Specifies information to be contained in such an inventory. Directs the GAO to publish a supplement to such inventory which includes certain budget information. Requires each legislative committee of the House of Representatives and the Senate, by a specified date in the first session of every Congress beginning with the 100th Congress, to report a resolution setting forth an agenda for the sunset review of selected Federal programs within its jurisdiction, or, in the case of the House Committee on Ways and Means and the Senate Committee on Finance, of selected tax expenditures. Directs the committees of each House to develop their sunset review agenda in consultation with any other committee which has concurrent jurisdiction over any programs or tax expenditures involved. Requires, where practicable, that related programs and expenditures be reviewed during the same Congress. Requires the report accompanying any agenda reported in the 105th Congress and every fifth Congress thereafter to summarize the programs and expenditures reviewed and not reviewed during the five previous Congresses. Prohibits either the House or the Senate from considering a primary expense resolution for any legislative committee in any Congress until that committee has developed and submitted its sunset review agenda. Requires the House Committee on Rules and the Senate Committee on Rules and Administration to incorporate such agendas into a consolidated sunset review agenda and to report such consolidated agenda to its House in the form of a concurrent resolution, within seven legislative days after all committee sunset review agendas have been submitted. Requires the consolidated sunset review agenda to be adopted in the House and in the Senate no later than March 30 in the first session of each Congress. Sets forth the procedures for the consideration and adoption of such agenda. Requires each committee of the House or the Senate, not later than May 15 in the second session of each Congress, to report a bill or bills modifying, continuing, or terminating each program or tax expenditure which it has been directed to review under the consolidated sunset review agenda adopted during the first session. Requires such bill to be accompanied by a report. Requires each department, agency, and instrumentality in the executive branch of the Government which is responsible for the administration of a Federal program or tax expenditure selected for sunset review to provide the appropriate congressional committees with its views, information, and assistance. Directs the Comptroller General to supply specified information on audits. Directs the Comptroller General, the Director of the Congressional Budget Office, the Director of the Office of Technology Assessment, and the Director of the Congressional Research Service to furnish congressional committees such information as requested to assist in conducting sunset review of programs or tax expenditures under this Act. Exempts foreign intelligence or counterintelligence programs designated by the President as requiring protection from unauthorized disclosure. Directs the Permanent Select Committee on Intelligence of the House and the Select Committee on Intelligence of the Senate to review such programs pursuant to the spirit of this Act. Amends rule X of the Rules of the House of Representatives to accord with this Act.
United States · United States Congress · 3 January 1983
Sunset Act of 1983 - Title I: Reauthorization of Government Programs - Sets forth a ten-year schedule for reauthorization of all Federal programs according to budget function and subfunction as set forth in the Budget of the United States Government for fiscal year 1983. Sets forth the procedure in the House of Representatives and the Senate for the consideration of any bill, resolution, or amendment which authorizes new budget authority. States that it is not in order for either House to consider any legislation which authorizes the enactment of new budget authority for a program for a period of more than ten years, for an indefinite period, or for any fiscal year beginning after the next reauthorization date applicable to such program. Provides that before the Congress can appropriate funds for any program, after its first reauthorization date, there must be a specific authorization in law to support the appropriation. Requires the committees of the Senate and House of Representatives to schedule and conduct a sunset review of programs to be reauthorized. Requires that the report accompanying such reauthorizations contain specified information and be completed during the Congress in which the program is scheduled for reauthorization. Exempts from the requirements of this Act specified programs such as interest on Federal debts, health care services, general retirement and disability payments, as well as litigation activities which have as their objectives the protection and implementation of civil rights guaranteed by the Constitution, and specified retirement pay and benefits. Allows the reauthorization schedule set forth in this Act to be changed by concurrent resolution of the two Houses of Congress and sets forth the procedure for such change. Requires all legislation and other matters related to changes in the dates for programs under this Act to be referred to the committee with legislative jurisdiction over any program affected by the proposal and, sequentially, to the Committee on Rules in the House of Representatives and to the Committee on Rules and Administration in the Senate. Requires such committees to report any concurrent resolution or bill referred to it by a committee of legislative jurisdiction within 30 days, with a statement on each of its recommendations. Makes provisions for any proposed change which has been reported by a committee before June 1, 1984. Title II: Program Inventory - Directs the Comptroller General and the Director of the Congressional Budget Office, in cooperation with the Director of the Congressional Research Service, to prepare an inventory of Federal programs. Declares that the purpose of such program inventory is to advise and assist Congress in carrying out reauthorization and reexamination requirements and to link such reauthorization and review process with the budget process. Requires the Comptroller General to submit such program inventory to each House of Congress no later than January 1, 1984. Sets forth the contents of the inventory program, including the type of authorization provided for such programs' new budget authority and the manner in which related program areas may be grouped for evaluation and review. Permits the congressional committees, the Congressional Budget Office, and the Congressional Research Service to review the program inventory and to suggest revisions. Requires that the program inventory be revised at the end of each session of Congress, and that such revisions be reported to each House. Requires that periodic reports tabulate the progress of congressional action on bills and resolutions authorizing budget authority for programs in the inventory. Requires the Comptroller General and the Director of the Congressional Budget Office to submit periodic reports to the Congress on the adequacy of the functional and subfunctional categories for grouping programs of like missions or objectives. Title III: Program Reexamination - Requires each committee of the Senate and the House of Representatives to reexamine selected programs or groups of programs over which it has jurisdiction. Sets forth procedures for such review, and criteria for selection of program areas for evaluation. Directs each committee to consult with the appropriate committees of either the House of Representatives or the Senate in order to achieve coordination of program reevaluation. Directs each Committee to inform itself of the related activities of or available assistance from the General Accounting Office, the Congressional Budget Office, the Congressional Research Service, the Office of Technology Assessment, and other appropriate instrumentalities in the executive and judicial branches. Requires each committee to deliver a report on the reexamination to the Secretary of the Senate or the Clerk of the House at the date specified in the funding resolution first reported by such committee in 1985 and thereafter for the first session of each Congress. Allows two or more committees which have legislative jurisdiction over the same programs or portions of the same programs to examine such programs jointly and submit a joint report. Stipulates that such report: (1) contain the findings, recommendations, and justifications of the program; and (2) include specified information including, but not limited to, an assessment of the cost-effectiveness of the program and an identification of any trends, developments, and emerging conditions which are likely to affect the nature and extent of the problems or needs which the program is intended to address. Requires each executive department or agency which is responsible for a program selected for reexamination to submit a report to the Office of Management and Budget and to the appropriate committees of the Congress on its findings, recommendations, and justifications of specified aspects of the program. Title IV: Tax Expenditures - Requires the Director of the Congressional Budget Office, after consultation with the Joint Committee on Taxation of the Congress, to prepare an inventory of tax expenditure provisions and to submit a report on such inventory to the Committee on Ways and Means of the House and the Senate Finance Committee. Defines the term "tax expenditure provision" as any provision of Federal law which allows a special exclusion, exemption, or deduction in determining liability for any tax or which provides a special credit against any tax, a preferential rate of tax, or a deferral of tax liability. Specifies the contents of the report, which include an estimate of the revenue loss from each tax provision. Requires the Director to: (1) submit a revised inventory to each House of Congress by December 1, 1984; (2) revise the inventory after the close of each session of Congress and report such revisions to Congress; and (3) periodically report on Congressional action on bills and resolutions which create or affect tax provisions. Directs the House Committee on Ways and Means and the Senate Committee on Finance to prepare a reauthorization schedule for all tax provisions similar to the schedule set out for Federal programs in title I of this Act. Requires Congress to take final action on the reauthorization schedule for tax provisions before the end of the 98th Congress. Provides that each tax expenditure provision shall expire unless it is reauthorized by a law enacted during the Congress in which it is scheduled for review. Sets forth procedures and restrictions for the consideration of bills reauthorizing tax provisions, which are similar to the restrictions and procedures governing bills authorizing new budget authority for Federal programs as described in title I. Requires that the report accompanying a reauthorization bill include specified information. Permits Congress to prescribe technical rules necessary to mitigate adverse effects which might result for taxpayers who rely on a certain tax provision. Title V: Miscellaneous - Amends the Budget and Accounting Act of 1921 to permit the committees of Congress to obtain from the agencies of the Government estimates or requests for appropriations, or requests for increases in an item of any such estimate or request, and recommendations as to how the revenue needs of the Government should be met. Sets forth administrative procedures and requirements. Directs the President, with the cooperation of the head of each appropriate agency, to submit to the Congress a "Regulatory Duplication and Conflicts Report" for all programs scheduled for reauthorization in the next Congress. Requires that each such report identify duplicative or conflicting rules and regulations promulgated by executive departments, independent agencies, and State and local governments and contain recommendations which address such conflicts or duplications. Directs the chairmen of the House and Senate committees having jurisdiction over a program scheduled for reauthorization during a Congress, to introduce a bill constituting a reauthorization within 15 days of the beginning of the second session of that Congress. Declares that it shall be in order to discharge a committee from consideration of such a bill if the committee fails to report the bill by a specified date. Makes it the duty of the Committees on Governmental Affairs and on Rules and Administration of the Senate and the Committees on Government Operations and Rules of the House of Representatives to review the operation of the procedures established by this Act and to submit a report every five years beginning December 31, 1990. Authorizes appropriations through fiscal year 1994.
United States · United States Congress · 3 January 1983
Amends the Comprehensive Drug Abuse Prevention and Control Act of 1970 to require a judicial officer, in setting conditions for pretrial release for any person charged with certain narcotics offenses, to consider which conditions will reasonably assure the safety of the community, the personal safety of persons in the community, and the prevention of similar offenses by such person. Requires a judicial officer to deny release to any person charged with a narcotics offense who: (1) has previously been convicted of a felony narcotics offense under Federal, State, or foreign law; (2) is on parole, probation, or other conditional release for a felony offense under Federal or State law; (3) is an illegal alien; (4) was arrested in possession of a false passport; or (5) has been convicted of being a fugitive from justice. Requires the Government to provide clear and convincing evidence that the person charged falls within any such category and to establish that there is substantial probability that the person committed the offense . Permits the judicial officer to grant release to a person who has not been previously convicted of a felony narcotics offense upon a finding of special mitigating factors. Requires that the case of a person who is denied release be placed on an expedited calendar.
United States · United States Congress · 3 January 1983
Establishes a Commission on More Effective Government to study and recommend ways of promoting economy, efficiency, and improved service within the executive branch of Government. Directs the Commission to recommend methods to improve the relationship between Federal, State, and local governments. Directs the Commission to submit a final report to the Congress ten days after the Ninety-eighth Congress convenes. Terminates the Commission 90 days after such date. Authorizes appropriations.
United States · United States Congress · 3 January 1983
Establishes in the House of Representatives the Select Committee on Children, Youth, and Families to conduct a comprehensive study and review of the problems of children, youth, and families.
United States · United States Congress · 17 December 1982
Amends the Federal Reserve Act to exempt from the collateral requirements of such Act extensions of credit by a member bank to an affiliate which is an export trading company.
United States · United States Congress · 1 December 1982
Amends the Federal Reserve Act to permit the payment of interest on reserves held by any bank, savings and loan association, credit union, or mutual savings bank against accounts which are equivalent to and competitive with money market mutual funds under the Garn-St Germain Depository Institutions Act of 1982.
United States · United States Congress · 29 November 1982
Establishes the Commission on the Bicentennial of the United States Constitution. Requires the Commission to: (1) plan and develop appropriate activities to commemorate the bicentennial of the Constitution; (2) encourage private organizations, and State and local governments to organize and participate in bicentennial activities; (3) coordinate activities throughout all the States; and (4) serve as a clearinghouse for the collection and dissemination of bicentennial information. Directs the Commission to seek assistance from private and governmental agencies and organizations. Requires the Commission to submit a report of its recommendations to the President, Congress and the Judicial Conference within two years of enactment of this Act and annually until its termination. Terminates the Commission on December 31, 1989. Authorizes appropriations for FY 1983 and such sums as necessary through FY 1989.
United States · United States Congress · 27 July 1982
Includes periods of U.S. military and civilian service which were covered by social security as creditable service for purposes of determining the amount of an individual's civil service retirement annuity. Reduces the annuity amount by the amount of any monthly old-age or survivor's benefit to which such individual is entitled under the Social Security Act based on such Federal service. Provides for the recomputation of an annuity to which an individual became entitled before enactment of this Act.
United States · United States Congress · 21 July 1982
Diversity Jurisdiction Reform Act of 1981 - Abolishes diversity of citizenship as a basis of jurisdiction of Federal district courts, but retains as a basis of jurisdiction "alienage," involving foreign states or citizens of foreign states. Increases the amount in controversy requirement in such cases from $10,000 to $25,000. Retains as a basis for Federal jurisdiction statutory interpleader, which includes actions between citizens of different States. Permits venue for a Federal civil action in any judicial district in which a substantial part of the events or omissions giving rise to the claim occurred, or in which a substantial part of property that is the subject of the action is situated.
United States · United States Congress · 15 July 1982
Expresses the support of the Congress for beginning strategic arms reductions talks. Urges the Soviet Union to join with the United States in concluding an equitable and verifiable agreement which freezes strategic nuclear forces at equal and substantially reduced levels. Reaffirms congressional support for the position that the United States should not enter into an arms agreement which provides for force levels inferior to those of the Soviet Union. Declares that the United States should propose practical measures to: (1) reduce the danger of accidental nuclear war; (2) prevent the use of nuclear weapons by third parties, including terrorists; and (3) halt the worldwide proliferation of nuclear weapons. Insists that any arms control agreement must be fully verifiable.
United States · United States Congress · 24 June 1982
Diversity Jurisdiction Reform Act of 1981 - Abolishes diversity of citizenship as a basis of jurisdiction of Federal district courts, but retains as a basis of jurisdiction "alienage," involving foreign states or citizens of foreign states. Increases the amount in controversy requirement in such cases from $10,000 to $25,000. Retains as a basis for Federal jurisdiction statutory interpleader, which includes actions between citizens of different States. Permits venue for a Federal civil action in any judicial district in which a substantial part of the events or omissions giving rise to the claim occurred, or in which a substantial part of property that is the subject of the action is situated.
United States · United States Congress · 22 June 1982
Amends the Internal Revenue Code to authorize the Secretary of the Treasury to prescribe regulations exempting retirees or individuals over age 65 from interest penalties with respect to any underpayment of estimated tax. Requires that such underpayment be due to reasonable cause (defined to include mistake or ignorance of the law) and not to willful neglect.
United States · United States Congress · 15 June 1982
Amends the Federal criminal code to provide a mandatory sentence of imprisonment for the use or possession of either a cutting or stabbing weapon or firearm during the commission of any felony. Imposes such punishment in addition to the sentence imposed for the commission of the felony. Prohibits probation or suspension of such sentence. Restricts eligibility for parole.
United States · United States Congress · 25 May 1982
Veterans' Organizations Tax Reform Act - Amends the Internal Revenue Code to provide that an organization of war veterans shall not be exempt from taxation if a substantial part of its activities consists of carrying on propaganda, or otherwise attempting to influence legislation with respect to matters not related to veterans affairs. Defines "veterans affairs" as issues directly relating to: (1) programs and benefits for veterans and the surviving spouses and children of veterans; and (2) the armed forces of the United States and national defense.
United States · United States Congress · 25 May 1982
Permits any national banking association which, on the date of enactment, holds title to an interest in real estate which it carried on its books at a nominal value on December 31, 1979, to continue to hold such interest for such period as would be permitted a State-chartered bank by the law of the State in which the association is located if the aggregate amount of earnings from such interest is separately disclosed in the association's annual financial statement.
United States · United States Congress · 21 May 1982
Professional Sports Stabilization Act of 1982 - Declares that it shall not be unlawful under any antitrust law for a professional sports league and its member clubs to enforce rules: (1) requiring approval by the league membership for the relocation of a member club; or (2) providing for the division of league or member club revenues that promote comparable economic opportunities for member clubs. Prohibits State and local governments from imposing limitations on the collective conduct of sports leagues or member teams authorized by this Act. Specifies the applicability of this Act to actions commenced under the antitrust laws before its enactment.
United States · United States Congress · 13 May 1982
Amends the Omnibus Budget Reconciliation Act of 1981 to direct the Secretary of Defense to identify funds from Department of Defense appropriations to be transferred by the Secretary of the Treasury to the Department of Education for allocation under the impact aid for education program in FY 1983 and 1984 if a specified amount is not directly appropriated for such program. Permits any local educational agency aggrieved by any action or failure to act in violation of this Act to bring an action for damages or equitable relief in an appropriate district court of the United States.
United States · United States Congress · 4 May 1982
Net Worth Guarantee Act - Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to permit the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board and the National Credit Union Administration Board to guarantee the net worth of qualified insured institutions. Requires that, to qualify for a guarantee, an institution's net worth be less than two percent of its assets, that it have losses in at least two consecutive quarters, and that at least 20 percent of its loans and investments be in mortgages secured by or securities backed by residential real estate. Requires that an institution use at least 60 percent of its annual net new deposits to issue mortgages which meet specified criteria. Sets forth a formula for determining the amount of any such guarantee. Permits additional guarantees of net worth after a two year period if the certified continued earnings losses are caused by general market conditions and not by the actions of the institution. Requires a qualified institution, when its net worth reaches three percent of its assets, to begin to reduce the amount of guarantees received. Declares that the total annual reduction of guarantees of net worth received by such institution shall not be less than 50 percent of the net income, after taxes, of such bank for the year involved. Declares that outstanding guarantees of net worth provided by the Corporation shall be backed by the Net Worth Guarantee Account established by this Act. Establishes in the Treasury of the United States a Net Worth Guarantee Account which shall be used for the required payment of any guarantee of net worth issued pursuant to this Act. Limits the total amount of guarantees of net worth issued under this Act at any time to $8,500,000,000. Declares that no guarantee of net worth may be issued after Deptember 30, 1984. Requires the Federal Home Loan Bank Board, the Board of Directors of the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board to make quarterly reports to each House of Congress specifying the types and amounts of guarantees of net worth provided to each depository institution and the conditions imposed on each such institution. Requires the Comptroller General to conduct semiannual audits of each guarantee of net worth and of the Net Worth Guarantee Account and transmit such report to Congress.
United States · United States Congress · 29 April 1982
Expresses the sense of the Congress that if Israel is illegally denied its right to participate in the United Nations General Assembly or in any specialized agency of the United Nations the United States should: (1) suspend its participation in the General Assembly or specialized agency; and (2) withhold its assessed contribution to the United Nations or specialized agency until the illegal action is reversed.
United States · United States Congress · 28 April 1982
Title I: Public Works and Economic Development - Amends the Public Works and Economic Development Act of 1965 to revise eligibility requirements for direct and supplementary grants for public works and development facilities. Declares that the Federal share of the cost of any such project for which a direct grant is made shall be the percentage determined either: (1) from the unemployment rate for the political subdivision where the project is located; or (2) from the percentage by which the per capita income for such political subdivision is below the national average, whichever results in the higher Federal share. Sets forth a table by which the Federal share shall be determined. Eliminates the Secretary of Commerce's authority to reduce or waive the non-Federal share of a project in the case of a grant to an Indian tribe or a project in a redevelopment area. Permits supplementary grant funds to be used only for projects in political subdivisions that are eligible for assistance under such Act. Prohibits the total amount of direct and supplementary grants for any project from exceeding 100 percent of the costs of such project. Authorizes appropriations through FY 1985 to carry out such grants for public works and development facilities. Subjects public works and development facility loans to specified limitations on business loan assistance as set forth by this Act. Authorizes appropriations through FY 1985 to carry out business loans and loan guarantees under such Act. Limits the annual appropriations for the purpose of purchasing evidences of indebtedness and guaranteeing loans. Terminates business loans and loan guarantees to redevelopment areas and authorizes such assistance to political subdivisions eligible for assistance under such Act. Provides for interest free loans to political subdivisions (previously redevelopment areas) eligible for assistance under such Act if a plan for redevelopment of the political subdivision is approved. Requires any such interest free loan to be repaid to the United States by the political subdivision receiving such loan in accordance with the terms of the loan agreement. Authorizes appropriations through FY 1985 to carry out the interest free loan program. Sets forth a formula for determining the amount of a business loan under such Act. Prohibits any applicant from receiving a business loan unless such applicant first pays an amount equal to one percent of the amount of the loan. Declares that such limitations shall not apply to interest subsidy contracts or agreements entered into by the Secretary of Commerce before the effective date of this Act. Makes any funds appropriated for fiscal years beginning after September 30, 1982, which are authorized by the Public Works and Economic Development Act of 1965, available to the Secretary of Commerce to make payments under interest subsidy contracts or agreements entered into by the Secretary under such Act before the effective date of this Act. Permits the Secretary to provide technical assistance which would be useful in alleviating or preventing conditions of excessive unemployment or underemployment to: (1) political subdivisions eligible for assistance under such Act; and (2) other political subdivisions which he finds have substantial need for such technical assistance. Excludes redevelopment areas from assistance for economic development planning. Directs such assistance to political subdivisions. Authorizes appropriations through FY 1985 for technical assistance and economic development planning. Redefines the eligibility of areas for assistance to make a political subdivision eligible for assistance in any period in which the Secretary of Labor finds that the current rate of unemployment for such political subdivision is five percent or more. Repeals the provisions of such Act which provided for an annual review of area eligibility and for Indian economic development. Directs the Secretary of Commerce, acting through the Administrator for Economic Development, to establish in the Economic Development Administration an Office of Program Evaluation to conduct assessments for each fiscal year of the effectiveness of the programs carried out under such Act. Authorizes appropriations to carry out miscellaneous provisions of such Act through FY 1985. Repeals the provisions of such Act which provided for: (1) an extension of benefits made available under other Federal programs; (2) assistance to disaster areas; and (3) the job opportunities program. Authorization appropriations for special economic development and adjustment assistance through FY 1985. Title II : Amends the Appalachian Regional Development Act of 1965 to authorize appropriations for the purposes of the Appalachian Regional Commission through FY 1985. Title III : Declares that the amendments and repeals made by this Act shall take effect on October 1, 1982. Declares that the authority to enter into contracts under the amendments made by this Act shall be effective for any fiscal year only to such extent or such amounts as are provided in appropriation Acts.
United States · United States Congress · 27 April 1982
Directs the Secretary of Transportation to make grants to States which adopt and implement programs to reduce traffic safety problems resulting from persons driving while under the influence of alcohol. Limits the receipt of such grants to three fiscal years and sets forth the Federal share payable for each successive year. Requires the Secretary to establish criteria for the grants based on areas of consideration provided under this Act. Authorizes appropriations from the Highway Trust Fund for fiscal years 1983 through 1985. Directs the Secretary to issue regulations to implement such traffic safety programs after a period for public comment. Sets the effective date of such regulations, unless they are disapproved by either House of Congress.
United States · United States Congress · 26 April 1982
Olympic Commemorative Coin Act - Directs the Secretary of the Treasury to issue one-dollar silver coins and ten-dollar gold coins emblematic of the 1984 Los Angeles Summer Olympic Games. Requires the Secretary to determine the designs of such coins. Requires the issuance of the silver coins in two separate designs, one in 1983 and one in 1984. Declares such coins legal tender and limits the amount issued. Directs the Secretary to prescribe regulations for the sales of such coins within the United States, including a surcharge per coin. Requires the Secretary to assign the rights to market such coins outside the United States to one or more marketing organizations selected by a committee consisting of the Secretary, the executive director of the United States Olympic Committee, and the President of the Los Angeles Olympic Organizing Committee. Sets forth selection criteria for such marketing organizations. Directs the Secretary to pay: (1) 50 percent of all surcharges from the sale of the coins to the United States Olympic Committee to train United States Olympic athletes, support local or community amateur athletic programs, and to erect training facilities; and (2) 50 percent of such surcharges to the Los Angeles Olympic Organizing Committee to stage and promote the games. Requires the Secretary to enter into an implementation agreement with the marketing organization selected under this Act, which shall ensure that the issuance of the commemorative coins shall result in no net cost to the United States. Authorizes the Secretary to terminate the agreement if the termination is in the best interests of the United States. Requires deposit of all amounts received from the sale of such coins in the Coinage Profit Fund. Charges all expenditures under this Act to such Fund. Grants the Comptroller General the right to examine the records of the United States Olympic Committee and the Los Angeles Olympic Organizing Committee with respect to amounts received under this Act. Prohibits the issuance of coins under this Act unless the Secretary has received full payment for them. Requires the Secretary to report to Congress not later than 45 days after each calendar quarter on the activities carried out under this Act during such quarter. Terminates such requirement after December 31, 1985.
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