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Official portrait of Rep. Blanchard, James [D-MI-18]

Rep. Blanchard, James [D-MI-18]

United States · Official source

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1,059 records where Rep. Blanchard, James [D-MI-18] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 6235 (94th)referred

Local Public Works Capital Development and Investment Act

United States · United States Congress · 22 April 1975

Local Public Works Capital Development and Investment Act - States that the current depressed condition of the national economy has had an especially heavy impact upon local governments, making it no longer possible for them to finance needed public facilities, thereby threatening the health, safety, and general welfare of their citizens. Declares it to be needless and unwise public policy for a vast pool of idle manpower to coexist with a backlog of needed and long overdue local public facilities work. Authorizes the Secretary of Commerce acting through the Economic Development Administration to make grants to any State or local government for local public works projects, including but not limited to: (1) those public works projects of State and local governments for which Federal financial assistance is authorized under provisions of law other than this Act; and (2) the architectural design, engineering, and related planning of local public works projects. Provides that the Federal share of any project for which a grant is made under this Act shall be 100 percent of the cost of such project. Directs the Secretary to prescribe those rules, regulations, and procedures necessary to carry out this Act. States factors that the Secretary shall consider in accordance with the relative needs of the various sections of the country. Authorizes the Secretary to make a grant for the purpose of increasing to 100 percent the Federal contribution to a public works project for which Federal financial assistance is authorized under provisions of law other than this Act. States that not more than 10 percent of all amounts authorized to carry out this Act shall be granted for local public works projects within any one State. Provides that all laborers and mechanics employed by contractors or subcontractors on projects assisted by this Act shall be paid wages a rate not less than those prevailing on similar construction in the locality as determined by the Secretary of Labor in accordance with the Davis-Bacon Act. Authorizes to be appropriated an amount not to exceed $5,000,000,000 to carry out this Act.

Resolution· HRESH.Res. 414 (94th)referred

Resolution to create a select committee to make investigations and studies relating to natural gas and petroleum reserves.

United States · United States Congress · 22 April 1975

Creates a select committee to be composed of 15 members of the House of Representatives to be appointed by the Speaker, one of whom he shall designate as chairman. Directs the committee to conduct a full investigation and study of the nature and extent of natural gas and petroleum reserves within the territory and waters of the United States. Directs the committee to evaluate the potential for discovery of new reserves and the relationship of reserves to present patterns of distribution and supply as well as the impact of price regulation on such discovery and distribution of the products made from such reserves. Authorizes the committee to hold hearings, issue subpenas and conduct field investigations to carry out the studies required by this resolution. Requires the committee to file an interim and a final report on the results of its studies.

Bill· HRH.R. 6110 (94th)referred

Administrative Rulemaking Control Act

United States · United States Congress · 17 April 1975

Administrative Rulemaking Control Act - States that it is the purpose of this Act to establish a procedure whereby Congress may review certain rulemaking activities of executive agencies, thereby exercising greater control and oversight over the operations of such agencies. Provides that an administrative rule, the violation of which subjects an individual to a criminal penalty, shall take effect only: (1) if published in the Federal Register; (2) after the expiration of 30 days of continuous session of Congress after the date on which the rule was published; and (3) if neither House of Congress passes a resolution disfavoring such a rule. Sets forth procedures governing the consideration of such rules by the Congress.

Bill· HJRESH.J.Res. 402 (94th)referred

Joint Resolution to establish a National Commission on Social Security.

United States · United States Congress · 17 April 1975

Establishes a National Commission on Social Security to conduct a continuing study, investigation, and review of: (1) the Federal old-age, survivors, and disability insurance program established by title II of the Social Security Act; and (2) the health insurance programs established by title XVIII of such Act. Provides that such study, investigation, and review of such programs shall include, but not be limited to: (1) the fiscal status of the trust funds established for the financing of such programs and the adequacy of such trust funds to meet the immediate and long- range financing needs of such programs; (2) the scope of coverage, the adequacy of benefits, and the conditions of qualification for benefits provided by such programs; (3) the impact of such programs on, and their relation to, public assistance programs, nongovernmental pension and insurance programs, other governmental retirement and annuity programs, medical service delivery systems, and national employment practices; (4) the quality of the administration of such programs; and (5) any inequities which affect substantial numbers of individuals who are insured under such programs. Directs that no later than six months after the Commission is initially appointed it shall submit to the President and the Congress a report on the Commission's plans for conducting the study. Specifies that at or before the close of each of the first four years the Commission shall submit to the President and the Congress an annual report on the study and investigation with recommendations. States that the fourth such report shall constitute the final report of the Commission. Stipulates that after such final report the Commission shall cease to exist. Authorizes appropriations of such sums as are necessary to carry out the purposes of this Act.

Resolution· HCONRESH.Con.Res. 237 (94th)referred

Concurrent resolution expressing the sense of Congress in regard to the United Nations position on refugees in Indochina.

United States · United States Congress · 17 April 1975

Expresses the sense of the Congress that the United Nations should make all possible efforts to aid refugees in Indochina. Urges the United Nations Secretary General to call upon the government of North Vietnam and the Provisional Revolutionary Government not to interfere with such efforts.

Bill· HRH.R. 6086 (94th)referred

A bill to prohibit the Federal Home Loan Bank Board from permitting savings and loan associations to offer loans secured by improved real estate with variable interest rates.

United States · United States Congress · 16 April 1975

Declares that no provision of any law of the United States authorizes the Federal Home Loan Bank Board to permit lending institutions to offer loans secured by improved real estate with variable interest rates. Provides that the Board may not do so until Congress by law authorizes such variable interest rates.

Bill· HRH.R. 6021 (94th)referred

A bill to amend section 207 of title 18, United States Code, in order to prohibit former Federal employees who participated in a contract formulation from being employed, for a period of 2 years, by anyone who has a direct interest in the contract.

United States · United States Congress · 16 April 1975

Prohibits former Federal employees who participated in a contract formulation whose value exceeded $10,000 from being employed, for a period of two years, by anyone who has a direct interest in the contract. (Amends 18 U.S.C. 207)

Bill· HRH.R. 5947 (94th)referred

A bill to amend the National Wildlife Refuge System Administration Act of 1966.

United States · United States Congress · 15 April 1975

Provides that the National Wildlife Refuge System shall be administered by the Secretary of the Interior through the United States Fish and Wildlife Service. States that areas designated as part of the National Wildlife System as of January 1, 1975, shall continue to be a part of the System until otherwise specified by Act of Congress unless such lands are disposed of in accordance with provisions of the National Wildlife Refuge System Administration Act.

Bill· HRH.R. 5882 (94th)referred

Limousine Limitation Act

United States · United States Congress · 10 April 1975

Limousine Limitation Act - Prohibits government agencies from purchasing, hiring, leasing, operating or maintaining limousines in Federal Government motor pools, or employing the services of chauffeurs. States that government agencies may not maintain motor vehicles for transporting elected or appointed government officers and employees between their home and place of employment, with specified necessary exceptions. Exempts the President, the Vice President, the head of each executive department, the Chief Justice of the United States, the President pro tempore of the Senate, the Speaker of the House of Representatives, the majority and minority leaders of the Senate and of the House of Representatives, the majority and minority whips of the Senate and the House of Representatives, and the United States Representative to the United Nations from the provisions of this Act.

Bill· HRH.R. 5842 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for amounts paid or incurred for repairs or improvements of, or additions to, their principal residences.

United States · United States Congress · 10 April 1975

Revises the Internal Revenue Code to allow as a deduction: (1) the home improvement expenses (up to a maximum of $500) paid by a taxpayer; and (2) the residential addition amortization (the aggregate of which may not exceed $5,000).

Bill· HRH.R. 5725 (94th)referred

A bill to terminate the Airlines Mutual Aid Agreement.

United States · United States Congress · 8 April 1975

States that the Airlines Mutual Aid Agreement approved by the Civil Aeronautics Board is adverse to the public interest and is hereby terminated. States that the effective date of this Act is February 1, 1975.

Bill· HRH.R. 5706 (94th)referred

Ozone Protection Act

United States · United States Congress · 8 April 1975

Ozone Protection Act - Declares that the release of chlorofluromethane may pose a danger to public health and safety. Provides for a study by the National Academy of Sciences of the nature and likelihood of potential effects on public health and the environment of the discharge of such gas. Directs the Administrator of the National Aeronautics and Space Administration to report to the Congress on such potential effects. Provides for a program of standards to limit the emissions of such gas from major sources. Provides for the enforcement of prohibitions upon the manufacture and sale of aerosol spray containers which discharge such gas, including penalties of up to $10,000 in civil fines per day of violation under this Act. Authorizes appropriations to carry out this Act.

Bill· HRH.R. 5684 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction from gross income for social agency, legal, and related expenses incurred in connection with the adoption of a child by the taxpayer.

United States · United States Congress · 8 April 1975

Allows a deduction from gross income under the Internal Revenue code of up to $1250 ($625 in the case of a married individual filing separately) for social agency, legal, and related expenses incurred in connection with the adoption of a child by the taxpayer.

Bill· HJRESH.J.Res. 376 (94th)referred

Joint resolution proposing an amendment to the Constitution of the United States relative to the maintenance of neighborhood public schools.

United States · United States Congress · 8 April 1975

Constitutional Amendment - Allows school systems to assign pupils on the basis of neighborhood attendance areas. Directs that no provision of the Constitution shall be construed to require such systems to assign pupils in any other manner. Gives Congress the power to enforce this article.

Bill· HJRESH.J.Res. 381 (94th)referred

Joint resolution proposing an amendment to the Constitution of the United States relative to the assignment of public school students.

United States · United States Congress · 8 April 1975

Constitutional Amendment - Allows school systems to assign pupils on the basis of neighborhood attendance areas. Directs that no provision of the Constitution shall be construed to require such systems to assign pupils in any other manner. Gives Congress the power to enforce this article.

Bill· HRH.R. 5646 (94th)referred

Energy Materials Conservation Education Act

United States · United States Congress · 26 March 1975

Energy Materials Conservation Education Act - Establishes within the Office of Education the Council on the Conservation and Nonuse of Energy-Materials, the members of which shall broadly represent the public and private sectors. Directs the Council to advise the Secretary of Health, Education, and Welfare on programs established under this Act. States that funds appropriated for grants and contracts under this Act shall be available for (but not limited to) such activities as: (1) community education programs concerning the conservation and nonuse of energy and materials, including special programs for adults; (2) dissemination of information to public and private nonprofit preschool, elementary, secondary, higher, adult, and community education programs; (3) research, development, and dissemination of curriculums, texts and materials, tests, and programs for adequate vocational and technical education and career counseling for persons in the field of energy-materials conservation and nonuse; and (4) programs and projects to recruit, train, organize, and employ professional and other persons, and to organize and participate in energy-materials conservation and nonuse educational programs. Authorizes the Secretary to make grants to, or enter into contracts with, public or private nonprofit agencies, organizations, and other institutions for planning and carrying out community-oriented education programs or projects on the conservation and nonuse of energy materials in American society for the benefit of interested and concerned adults, young persons, ethnic and cultural groups, community, labor and business leaders, and other individuals and groups within a community. Authorizes the appropriation of $25,000,000 for fiscal year 1976, $40,000,000 for fiscal year 1977, and $60,000,000 for fiscal year 1978 for carrying out the purposes of this Act.

Bill· HRH.R. 5597 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to restrict the authorization for inspection of tax returns and the disclosure of information contained therein, and for other purposes.

United States · United States Congress · 26 March 1975

Prohibits, except as provided in this Act, the inspection of tax returns and the disclosure of information contained in such returns. Authorizes the inspection of returns by or disclosure to (1) the taxpayer or his representative; (2) employees of the Internal Revenue Service and Department of Justice solely for purposes of enforcement of the tax laws; (3) State agencies charged with administration of the tax laws only for that purpose; (4) the President of the United States in the performance of his official duties; and (5) the Joint Committee on Internal Revenue Taxation for statistical purposes only. Increases the criminal penalties for unauthorized disclosure or receipt of information under this Act.

Bill· HRH.R. 5548 (94th)referred

Asian American Affairs Act

United States · United States Congress · 26 March 1975

Asian American Affairs Act - Establishes the Cabinet committee for Asian American Affairs to advise, authorize, and direct the departments, agencies, and instrumentalities of the Federal Government and organizations receiving Federal funds regarding appropriate action to be taken to help assure that Federal and other programs are providing the assistance needed by Asian Americans as a whole or by the individual Asian American ethnic, cultural, or nationality groups. Provides that the committee shall advise and direct such departments, agencies, and instrumentalities on program focusing on the special problems and needs of Asian Americans. Establishes an Advisory Council composed of 12 members appointed by the President from among persons who are representative of the Japanese American, Chinese American, Korean American, Filipino American, Polynesian American, and other elements of the Asian American community in the United States. Provides that the committee shall direct and authorize the Advisory Council and staff to investigate such areas of possible discrimination as the committee may specify, and possible discriminatory practices in the areas of employment, housing, education, welfare and other public services, religion, recreation and other areas that may arise against the Asian Americans. Provides that the committee shall conduct public hearings at any place with power to subpena records to investigate discrimination against Asian Americans; examine for, resolve, and correct any injustices and discrimination against Asian Americans in their respective departments; and foster such surveys, studies, research, and demonstration and technical assistance projects, establish such relationship with State and local governments and the private sector, and promote such participation of State and local governments and the private sector as may be appropriate to identify and assist in solving the special problems of Asian Americans as a whole or as individual Asian American ethnic, cultural, or nationality groups. Gives the Advisory Council cease and desist powers to enforce its finding of discriminatory practices against Asian Americans. Requires the Advisory Council to submit to the committee an annual report on its activities. Authorizes to be appropriated for the fiscal year 1976 the sum of $7,000,000 and for the fiscal year 1977 the sum of $12,000,000 to carry out the purposes of this Act.

Bill· HRH.R. 5531 (94th)referred

A bill to amend the Occupational Safety and Health Act of 1970 to make the Director of the National Institute for Occupational Safety and Health directly responsible to the Assistant Secretary for Health of the Department of Health, Education and Welfare.

United States · United States Congress · 26 March 1975

Provides, under the Occupational Safety and Health Act, that the Director of the National Institute for Occupational Safety and Health shall be responsible to the Assistant Secretary for Health of the Department of Health, Education, and Welfare. States that the Director shall not delegate any of his functions to any other officer who is not directly responsible to him.

Bill· HRH.R. 5516 (94th)referred

Financial Disclosure Act

United States · United States Congress · 26 March 1975

Financial Disclosure Act - Requires candidates for Federal office, Members of the Congress, each officer and employee of the Federal Government who is compensated at a rate in excess of $25,000 per year, Federal employees performing the duties of a GS-16 or higher, members of the Uniformed Services in the grade 0-6 or higher, the President, and the Vice President to file annually with the Comptroller General, a report containing a full and complete statement of: (1) the amount and source of each item of income, each gift or aggregate of gifts from one source (other than gifts received from his spouse or any member of his immediate family) received by him, by and his spouse jointly, by his spouse, or by his dependents, during the preceding calendar year which exceeds $100 in amount or value, including any fee or other honorarium received by him for or in connection with the preparation or delivery of any speech or address, attendance at any convention or other assembly of individuals, or the preparation of any article or other compensation for publication, and the monetary value of subsistence, entertainment, travel, and other facilities received by him in kind; (2) the identity of each asset held by him, by him and his spouse jointly, by his spouse, or by his dependents, which has a value in excess of $1,000, and the amount of each liability owed by him or by him and his spouse jointl, together with the amount of each liability which is owned with respect to any financial interest which is under his constructive control, which is in excess of $1,000 as of the close of the preceding calendar year; (3) any transactions in securities of any business entity by him or by him and his spouse jointly, or by any person acting on his behalf or pursuant to his direction during the preceding calendar year if the aggregate amount involved in transactions in the securities of such business entity exceeds $1,000 during such year; (4) all transactions in commodities by him, or by him and his spouse jointly, or by any person acting on his behalf or pursuant to his direction during the preceding calendar year if the aggregate amount involved in such transactions exceeds $1,000; and (5) any purchase or sale of real property or any interest therein by him, or by him and his spouse jointly, or by any person acting on his behalf or pursuant to his direction, during the preceding calendar year if the value of property involved in such purchase or sale exceeds $1,000. Defines the terms used in this Act. Sets forth penalties for violations of the provisions of this Act.

Bill· HRH.R. 5526 (94th)referred

Concentrated Industries Anti-Inflation Act

United States · United States Congress · 26 March 1975

Concentrated Industries Anti-Inflation Act - Establishes a Price Restraint Board to be composed of five members who shall issue standards and guidelines for noninflationary price adjustments. States that the basic guideline for price adjustments shall be the maintenance of the dollars and cents profit margin per unit of output of any firm for any product or product category which prevailed for such firm during such fiscal years as the Board may designate. Provides that subsidiary standards and guidelines for price adjustments shall provide for modifying the basic guideline, as the Board may find necessary, to avoid undue hardship, inequity, or impedance of economic growth. Provides for the classification of business firms into three categories based on amount of sales controlled by such firm. States that the Board shall publish monthly a weighted index of the prices of products of concentrated industries. Provides that, when necessary to carry out the purposes of this Act, the Board shall issue orders and regulations in accordance with its standards and guidelines to require prenotification of price increases, to delay proposed price increases in whole or in part, to disapprove proposed price increases in whole or in part, and to rollback prices with respect to products of firms in concentrated industries. States that such regulations and orders shall not apply to firms controlling less than $250,000,000 worth of sales. Enumerates the duties of business firms with respect to notification of the Board of intent to adjust prices after the effective date of this Act.

Resolution· HRESH.Res. 370 (94th)referred

Resolution directing the House Commission on Information and Facilities to provide for radio and television coverage of proceedings in the House Chamber during the first session of the 94th Congress.

United States · United States Congress · 26 March 1975

Directs the House Commission on Information and Facilities to provide for radio and television coverage of the proceedings in the House Chamber. Calls upon the Commission to provide for monitors to receive the television coverage to be located in such offices of the Capitol and the House and Senate office buildings as the Commission, after consultation with the Speaker of the House, considers desirable. States that the Commission shall initially provide for transmission of the audio portion of the coverage to offices of Members and officers of the House and Senate. Directs the Commission to provide a daily written summary of the proceedings of the House and other information pertaining to legislative activity. Requires that the Commission make available to the public and commercial broadcasting stations radio and television coverage of the proceedings in the House Chamber, videotapes of such coverage, and recordings of the audio portion of such coverage subject to requirements specifies under this Act. Specifies that such requirements do not include limitations or restrictions on the selection of materials for broadcast use. Authorizes the Commission to employ such persons and enter into such contracts as shall be necessary to carry out the provisions of this resolution. Provides that expenses of the Commission shall be paid from the contingent fund of the House. Directs the Commission, as soon as possible after the conclusion of the first session of the Ninety-fourth Congress, to report to the House on activities carried out under this resolution.

Bill· HRH.R. 5479 (94th)referred

Emergency Homeowners' Relief Act

United States · United States Congress · 25 March 1975

Emergency Homeowners' Relief Act - Authorizes the Secretary of Housing and Urban Development to make repayable emergency mortgage relief payments on behalf of homeowners who are delinquent in their mortgage payments in cases where the mortgagor has incurred a substantial reduction in income due to adverse economic conditions. States that the payments made under this Act shall be repayable at not more than 8 percent interest. Authorizes to be appropriated for the purpose of this Act up to $500,000,000. Provides that mortgage relief payments shall not be made after July 1, 1976. Directs the Secretary to report every 60 days to the Congress with respect to the delinquencies and forclosures in the housing market areas of the country and government action with respect thereto.

Bill· HRH.R. 5460 (94th)referred

A bill to establish in the Department of Housing and Urban Development a direct low-interest loan program to assist homeowners and builders in purchasing and installing solar heating (or combined solar heating and cooling) equipment.

United States · United States Congress · 25 March 1975

States that the purpose of this Act is to provide a source of financial assistance for homeowners and builders to enable them to purchase and install solar heating equipment or combined solar heating and cooling equipment while substantially reducing energy use. Authorizes the Secretary of Housing and Urban Development to make loans to individuals and families owning and occupying one-to-four family residential structures to assist them in purchasing and installing qualified solar heating and cooling equipment. States that such loans may be made in an amount covering up to 75 percent of the cost of purchasing and installing the necessary equipment, and not exceeding amounts specified in this Act. Sets forth the terms and conditions governing the loans. Defines "qualified solar heating equipment" as meaning equipment which utilizes solar energy to provide heating for a residential sturcture and which is certified by the Secretary as meeting minimum specified standards, including a requirement that the eqipment must be designed to meet more than 40 percent of the total heating needs of the types of structure for which it is intended. Directs the Energy Research and Development Administration to establish procedures for periodic inspection and review of solar heating and cooling equipment models and certifications. Directs the Secretary to disseminate full, complete, and current information concerning recommended standards and types of qualified solar heating or solar heating and cooling equipment appropriate for use in residential structures of varying sizes and types and in various regions of the country. Authorizes appropriations to a revolving fund of $100,000,000 to provide an initial amount for the program under this Act, and such additional sums as may thereafter be necessary to carry out such program.

Bill· HRH.R. 5396 (94th)referred

Motor Vehicle Tax Repeal Act

United States · United States Congress · 24 March 1975

Motor Vehicle Tax Repeal Act - Repeals the excise tax on trucks, buses, and tractors and parts accessories for such vehicles. Provides for the refund or credit of such taxes paid by the manufacturer, producer, or importer on items sold after January 1, 1975.

Bill· HRH.R. 5302 (94th)referred

A bill to establish the Office of Inspector General in the Department of Health, Education, and Welfare.

United States · United States Congress · 20 March 1975

Establishes the Office of Inspector General in the Department of Health, Education, and Welfare. Provides that the Inspector General Shall be appointed by the President with the advice and consent of the Senate. Provides that the Inspector General shall investigate each program administered by the Department of Health, Education, and Welfare in order to determine if such program is administered in compliance with applicable laws and regulations and to recommend corrections of deficiencies in such program. Requires the Inspector General to report annually to Congress and the Secretary of Health, Education and Welfare. Provides that the Inspector General may secure any information that he deems necessary from any agency of the Federal Government. Gives the Inspector the power to hold hearings and issue subpenas as necessary to gather information. Authorizes the appropriation of such sums as may be necessary to carry out the provisions of this Act.

Bill· HRH.R. 5153 (94th)referred

A bill to prohibit any change in the status of any member of the uniformed services who is in a missing status under Chapter 10 of title 37, United States Code, until the provisions of the Paris Peace Accord of January 27, 1973, have been fully compiled with, and for other purposes.

United States · United States Congress · 18 March 1975

Prohibits any change in the status of any member of the uniformed services who is in a missing status as a result of service in Southeast Asia, until the provisions of the Paris Peace Accord of January 27, 1973, have been fully complied with by North Vietnam or the President has determined and reported to Congress that all reasonable actions have been taken to account for such members.

Bill· HRH.R. 5060 (94th)referred

Emergency Homeowners' Relief Act

United States · United States Congress · 18 March 1975

Emergency Homeowners' Relief Act - Declares that the purpose of this Act is to prevent widespread mortgage defaults and the distress-sale of homes as a result of adverse economic conditions. Authorizes and directs the Secretary of Housing and Urban Development to make repayable emergency mortgage relief payments on behalf of distressed homeowners when he determines that such action is necessary and that there is a reasonable prospect that the homeowner will be able to make necessary adjustments for the full resumption of mortgage payments. Defines "distressed homeower" as one or more persons who own and occupy a dwelling as a principal residence and whose income has declined by more than 20 percent as the result of unemployment or other adverse economic conditions. Limits relief payments to a period not exceeding two years. Provides that payments be repaid on such terms as the Secretary prescribes. Empowers the Secretary to delegate any of his functions under this Act to other Federal agencies or private entities. Authorizes the Secretary to establish a revolving fund for mortgage relief payments and other specified purposes, including payment of obligations issued to the Secretary of the Treasury to enable the Secretary of Housing and Urban Development to carry out his functions under this Act. Provides for a payment expiration date of July 1, 1976.

Bill· HRH.R. 4943 (94th)referred

Records Management Act

United States · United States Congress · 14 March 1975

Records Management Act - Requires the establishment of standards and procedures to assure efficient and effective Government records management. States that such standards and procedures shall seek to effectuate the following goals: (1) accurate and complete documentation of the policies and transactions of the Federal Government; (2) control of the quantity and quality of records produced by the Federal Government; (3) simplification of the processes through which records are created, stored, retrieved, and used; (4) the judicious preservation and disposal of records; (5) the establishment and maintenance of a system which focuses continuous attention upon records from their initial creation to their final disposition; (6) the establishment and maintenance of mechanisms of control with respect to records creation, in order to assure the prevention of unnecessary records; and (7) the establishment and maintenance of such other systems or techniques as the Administrator considers necessary to carry out the purposes of this Act. Provides that the Administrator shall provide guidance and assistance to Federal agencies with respect to records creation, records maintenance and use, and records disposition. Directs the Administrator of General Services to: (1) conduct inspections or paperwork studies, at regular intervals as determined to be necessary by the Administrator, of the records and records management practices and programs of every Federal agency; (2) require the head of every Federal agency to transmit a report to the Administrator with respect to the records and records management practices and programs of each such Federal agency during each period of two calendar years; (3) prescribe rules with respect to records management; and (4) order, to the extent he considers necessary, the head of any Federal agency to take specific action with respect to the records or records management practices of his agency. Establishes in the executive branch a Records Review Board to review any order issued by the Administrator under the provisions of this Act upon appeal by any Federal agency. Directs the head of each Federal agency to make and preserve records containing adequate and proper documentation of the organization, functions, policies, decisions, procedures, and essential transactions of the Federal agency and designed to furnish the information necessary to protect the legal and financial rights of the Federal Government and of persons directly affected by the activities of the Federal agency. Requires each agency head to establish safeguards against the removal or loss of records he determines to be necessary and required by the rules of the Administrator.

Bill· HRH.R. 4901 (94th)referred

A bill to establish a national adoption information exchange system.

United States · United States Congress · 13 March 1975

Establishes a national adoption information exchange system in the Department of Health, Education and Welfare to aid in the placement of children for adoption. Authorizes $1,000,000 to be appropriated for fiscal year 1975 and such sums as may be necessary for succeeding fiscal years, to carry out the purposes of this Act.

Bill· HRH.R. 4857 (94th)referred

A bill to amend title 38 of the United States Code in order to provide mortgage protection life insurance to certain veterans unable to acquire commercial life insurance because of service-connected disabilities.

United States · United States Congress · 13 March 1975

Authorizes the Administrator of Veterans' Affairs to purchase from one or more life insurance companies a policy or policies of mortgage protection life insurance on a group basis for veterans unable to obtain commercial life insurance because of a service- connected disablility. Sets forth the maximum amount of insurance under a policy provided under this Act. Authorizes the Administrator to deduct insurance premiums from any compensation or other cash benefits payable to veteran by the Veterans' Administration, and to pay such premiums to the insurers. States that any amount of insurance in force under this Act on the date of death of an insured veteran shall be paid only to the holder of the mortgage loan on the veteran's home as a credit toward loan indebtedness. Requires each policy purchased under this Act to provide for the following: (1) reinsurance with other insurers which meet the Administrator's criteria; (2) that the Administrator may discontinue a whole policy, or exclude from coverage loans made after a date fixed by him; (3) issuance to each insured veteran of a certificate setting forth the benefits to which he is entitled; (4) any other provisions necessary to carry out this Act; and (5) an annual accounting to the Administrator of the amount of premiums paid, the total of all mortality and other claim charges incurred, and the amount of the insurer's expenses and risk charges. States that insurance under this Act shall terminate upon whichover of the following events first occurs: (1) satisfaction of the veteran's indebtedness under the loan upon which the insurance is based; (2) the veteran's 70th birthday; (3) termination of the veteran's ownership of the property securing the loan; (4) discontinuance of payment of premiums by the veteran; or (5) discontinuance of the entire contract or agreement. (Adds 38 U.S.C. 791-95)

Bill· HRH.R. 4683 (94th)referred

Emergency Unemployment Health Benefits Act

United States · United States Congress · 12 March 1975

Emergency Unemployment Health Benefits Act - Includes a new title under the Emergency Jobs and Unemployment Health Benefits Act establishing an emergency health benefits program for the unemployed. Declares all unemployed individuals who (1) are entitled to receive State or Federal unemployment benefits and (2) would if their employment had not been discontinued, be covered under an employer-sponsored health insurance plan to be eligible for health insurance benefits of the type provided by their previous employer. Extends such benefits to the dependent spouse and the dependent children of such eligible individuals. Authorizes the Secretary of Health, Education, and Welfare to enter into arrangements with carriers and State agencies to carry out this Act. Stipulates that no health insurance benefits may be provided under this Act after June 30, 1976. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.

Bill· HRH.R. 4606 (94th)referred

Health Security Act

United States · United States Congress · 11 March 1975

Health Security Act - Title I: Health Security Benefits - Provides that every resident of the U.S. (and every non-resident citizen when in the U.S.) will be eligible for covered services. Permits reciprocal and "buy-in" agreements for groups or non-resident aliens, and in some cases benefits to U.S. residents when visiting in other countries. Entitles every eligible person to have payments made by the Health Security Board for covered services provided within the United States by a participating provider. Provides that all necessary professional services of physicians, wherever furnished are covered, including preventive care, with two restrictions: (1) specialist services are covered only when performed by a qualified specialist except in emergency situations, and generally only on referral from a primary physician; and (2) psychiatric services to an ambulatory patient are covered only for active preventive, diagnostic, therapeutic or rehabilitative service with respect to mental illness. Provides that comprehensive dental services (exclusive of most orthodontic services) are covered for children under age 15, with the covered age group increasing by two years each year until all those under age 25 are covered. Provides that: (1) inpatient and outpatient hospital services and services of a home health agency are covered without arbitrary limitation; and (2) pathology and radiology services are specifically included as parts of institutional services. Limits payment for skilled nursing home care to 120 days per spell of illness, except that this limit may be increased when the nursing home is owned or managed by a hospital and payment for care is made through the hospital budget. Limits the psychiatric hospital benefit to 45 consecutive days of active treatment during a spell of illness. Provides coverage for two categories of drug use: prescribed medicines administered to inpatients or outpatients within participating hospitals; or to enrollees of comprehensive health service organizations, and drugs necessary for the treatment of specified chronic illnesses or conditions requiring long or expensive therapy. Requires the Board and the Secretary of Health, Education, and Welfare to establish two lists of approved drugs, taking into account the safety, efficacy and cost of each drug. Provides a broad list of approved medicines available for use in institutions and by comprehensive health service organizations and a more restricted list which is available for use outside such organized settings. Provides that the appliances benefit is similar in concept and operation to the drug benefit, subject to a limitation on aggregate cost. Asserts that the professional services of optometrists and podiatrists are covered, subject to regulations, as are diagnostic or therapeutic services furnished by independent pathology laboratories and radiology services. States that health services furnished or paid for under a workmen's compensation law are not covered. Provides that the services of a professional practitioner are not covered if they are furnished in a hospital which is not a participating provider. Requires that participating providers meet standards established in this title or by the Board. Requires that such providers must agree to provide services without discrimination, to make no unauthorized charge to the patient for any covered service, and to furnish data necessary for utilization review by professional peers, statistical studies by the Board, and verification of information for payments. Makes professional practitioners licensed when the program begins eligible to practice in the State where they are licensed and requires that all newly licensed applicants for participation meet national standards established by the Board in addition to those required by his State. Establishes conditions of participation for general hospitals similar to those required by Medicare. States that the two requirements not found in the Medicare program are: (1) that the hospital must not discriminate in granting staff privileges on any grounds unrelated to professional qualifications, and (2) that it establish a pharmacy and drug therapeutics committee for supervision of hospital drug therapy. Provides that psychiatric hospitals will be eligible to participate only if the Board finds that the hospital (or a distinct part of the hospital) is engaged in furnishing active diagnostic, therapeutic and rehabilitative services to mentally ill patients. Establishes conditions of participation for skilled nursing homes similar to those established for extended care facilities under Medicare. Makes provisions for the participation of home health service agencies. Describes as eligible a health maintenance organization which undertakes to provide an enrolled population either with complete health care or, at least, with complete health security services (other than institutional services, mental health or dental services) for the maintenance of health and the care of ambulatory patients. Permits a foundation sponsored by a county or other local medical society to participate as a provider of services. Permits the participation of community health centers or the like which, though furnishing services as comprehensive as are required by this Act, do not serve an enrolled or otherwise predetermined population and may not meet other requirements of this Act. Authorizes the Board to deal separately with the primary care portion of a system of comprehensive health care where it is necessary to rely on arrangements with other providers. Permits the Board to contract directly with public or other nonprofit mental health centers and mental health day care services. Specifies the conditions under which independent pathology laboratories, independent radiological services, and providers of drugs, devices, appliances, equipment, or ambulance services may qualify as providers under Health Security. Requires that a participating skilled nursing home have in effect an agreement with at least one participating hospital for the transfer of patients and medical and other information as medically appropriate. Prohibits in malpractice judgments any damages to be awarded to the injured party for the cost of remedial services which he is entitled to receive under this Act. Excludes the institutions of the Department of Defense and the Veterans Administration, and institutions of the Department of Health, Education, and Welfare serving merchant seamen or Indians or Alaskan natives, from serving as participating providers, as well as any employee of these institutions when he is acting as an employee. Provides reimbursement for any services furnished by these institutions or agencies to eligible persons who are not a part of their normal clientele. Permits a physician, dentist, optometrist, or podiatrist, licensed in one State and meeting the national standards, to furnish Health Security benefits in any other State, the scope of his permissible practice being governed by the law of the State in which he is practicing. Grants a similar authority to other health professional and nonprofessional personnel. Establishes the Health Security Trust Fund, to receive the net assets of existing (Medicare) funds taken over by the Health Security program, the yield of the Health Security taxes, and the Government's contribution from general revenues amounting to 100 percent of the yield from these taxes. Provides that three separate accounts shall be established in the Health Security Trust Fund: a Health Service Account, a Health Resources Development Account, and an Administration Account. Provides that in each of the first two years of program operation, 2 percent of the Trust Fund shall be set aside for the Health Resources Development Fund; and the allocation shall increase by 1 percent at two-year intervals to 5 percent within the next 6 years. Provides for allocation of the Health Services account among the regions of the country. Provides that the allocation to each region shall be based on the aggregate sum expended during the most recent 12-month period for covered services (with appropriate modification for estimated changes in the consumer price index, the expected number of eligible beneficiaries, and estimated changes in the number of participating providers). Provides that the Board shall divide the allocation to each region into funds available to pay: institutional services; physician services; dental services; furnishing of drugs; furnishing of devices, appliances, equipment; and miscellaneous services. Provides that payments for covered services provided to eligible persons by participating providers will be made from the Health Service Account in the Trust Fund. Describes the method to be used in applying, as between practitioners electing the various methods of payment (fee-for-service and capitation), the monies available in each health service area for payment to each category of professional providers. Authorizes the Board to experiment with other methods of reimbursement so long as the experimental method does not increase the cost of service or lead to overutilization or underutilization of services. Provides that skilled nursing homes and home health agencies will be paid in the same manner as a general hospital (on an approved annual budget basis). Provides that a health organization will be paid for covered services, on the basis of a fixed capitation rate multiplied by the number of eligible enrollees. Contains a series of provisions for developing a continuous process of health service planning and for assisting in the recruitment, education, and training of health personnel. Authorizes special improvement grants: (1) to any public or other nonprofit health agency or institution to establish improved coordination and linkages with other providers of services, and (2) to organizations providing comprehensive ambulatory care, to improve their utilization review, budget, statistical, or records and information retrieval systems, to acquire equipment needed for those purposes, or to acquire equipment useful for mass screening or for other diagnostic or therapeutic purposes. Sets forth the responsibilities and duties of the Secretary of HEW and the Board with regard to this title. Creates an administrative structure within the Department of Health, Education, and Welfare with exclusive responsibility for the administration of the Health Security program. Establishes a five-member, full-time Health Security Board serving under the Secretary of Health, Education, and Welfare. Provides that the members shall be appointed by the President with the advice and consent of the Senate, for five-year overlapping terms. Creates the position of an Executive Director, appointed by the Board with the approval of the Secretary. Provides that the Executive Director will serve as secretary to the Board and shall perform such duties in the administration of the program as the Board may assign. Provides that the program will be administered through the regional offices of the Department of Health, Education, and Welfare. Requires the establishment of sub-regional (service area) offices. Establishes a National Health Security Advisory Council, with the Chairman of the Board serving as the Council's Chairman and 20 additional members not in the employ of the Federal Government. Authorizes the Advisory Council to appoint professional or technical committees to assist in its functions. Provides that the Advisory Council will advise the Board on matters of general policy in the administration of the program, the formulation of regulations and the allocation of funds for services. Charges the Board with responsibility for informing the public and providers about the administration and operation of the Health Security program. Requires the Board to make a continuing study and evaluation of the program, including adequacy, quality and costs of services. Authorizes the Board directly or by contract to make detailed statistical and other studies on a national, regional, or local basis of any aspect of the title; to develop and test incentive systems for improving quality of care, methods of peer review of drug utilization and of other service performances; to develop and test systems of information retrieval, budget programs, instrumentation for multiphasic screening or patient services, and reimbursement systems for drugs; and to make such other other studies which it considers would improve the quality of services of the administration of the program. Grants authority to the Board, in accordance with regulations, to make determinations of who are participating providers of services, determinations of eligibility, of whether services are covered, and the amount to be paid to providers. Allows a provider of services who is dissatisfied with a final Board determination to obtain a hearing before a Board panel, and judicial review of a final decision. Authorizes the Board, with the advice and assistance of the Commission on the Quality of Health Care, to issue and review regulations assuring the quality of care furnished under this Act. Requires continuing professional education by physicians, dentists, optometrists, and podiatrists. Provides for the appointment of a Deputy Secretary of HEW and an Under Secretary for Health and Science. States that no provision of this Act shall alter any contractual obligation of an employer to provide health services to his employees and their dependents. Title II: Health Security Taxes - Converts the existing Medicare hospital insurance payroll taxes into Health Security taxes, and raises the rates to 1 percent on employees and 3.5 percent on employers. Raises the wage base for the employee tax from the present $7,800 to $15,000; or, if higher, 125 percent of the contribution and benefit base. Broadens the definitions of covered employment to include foreign agricultural workers, employees of the U.S. and its instrumentalities (other than members of the armed forces and the President, Vice-President, and Members of Congress), employees of charitable and similar organizations, railroad employees, and (for the employee tax only) employees of States and their political subdivisions and instrumentalities. Excludes from the gross income of employees, for income tax purposes, payment by their employers of part or all of the Health Security taxes on the employees. Spells out the precise effective dates of the new payroll tax provisions. Converts the existing Medicare self-employment tax into a Health Security self-employment tax, raising the rate to 2.5 percent, and raises the maximum taxable self-employment income from $7,800 to $15,000. Adds a new 1 percent Health Security tax on unearned income (unless such income is less than $400 a year), subject to the same maximum on taxable income as is applicable to the employee and self-employment taxes. Title III: Commission on the Quality of Health Care - Establishes in the Department of HEW a Commission on the Quality of Health Care, with the primary responsibility of: (1) initiating and continuing development of methods of assessing the quality of health care furnished under the Health Security Act, and (2) submitting to the Secretary and the Health Security Board its findings and recommendations. Stipulates that in carrying out its duties the Commissioner shall emphasize, and give first consideration to, care furnished for those illnesses and conditions which have relatively high incidence in the population and which are relatively amenable to medical or other care. Title IV: Repeal or Amendment of Other Acts - Requires that after the effective date of benefits, no State shall be required to furnish any service covered under Health Security as a part of its State plan for participation under Medicaid. Title V: Studies Related to Health Security - Authorizes the Secretary of Health, Education, and Welfare in consultation with the Secretary of State and the Secretary of Treasury to study the coverage of health services for U.S. residents in other countries. Directs the Secretary of HEW to study the feasibility and desirability of coordinating the Federal health benefit programs for merchant seamen and Indians and Alaskan natives and also veterans and members of the Armed Forces, with the Health Security Benefit Program.

Bill· HRH.R. 4462 (94th)referred

A bill to amend the Emergency Jobs and Unemployment Assistance Act of 1974 so as to increase from 26 to 39 the maximum number of weeks for which an individual may receive unemployment assistance under the special unemployment assistance program established by title II of such act.

United States · United States Congress · 6 March 1975

Increases from twenty-six to thirty-nine the maximum number of weeks for which an individual may receive unemployment assistance under the special unemployment assistance program established by the Emergency Jobs and Unemployment Assistance Act of 1974.

Bill· HRH.R. 4464 (94th)referred

A bill to amend the Emergency Unemployment Compensation Act of 1974 so as to increase from 13 to 26 the maximum number of weeks for which an individual may receive emergency compensation thereunder.

United States · United States Congress · 6 March 1975

Increases from thirteen to twenty-six the maximum number of weeks for which an individual may receive emergency compensation under the Emergency Unemployment Compensation Act. Requires that amounts established by States for individuals in emergency compensation accounts must equal the lesser of (1) 100 percent (presently 50) of the total amount of regular compensation payable to the individuals with respect to the benefit year on the basis of which he most recently received regular compensation, or (2) 26 times (presently 13) his average weekly benefit amount for his benefit year. (Amends 26 U.S.C. 3304m.)

Bill· HRH.R. 4446 (94th)referred

A bill to amend the Employment Act of 1946 with respect to stability of the general price level.

United States · United States Congress · 6 March 1975

Provides, under the Employment Act, that it is the policy of the Federal Government to foster conditions under which there will be stability of the general price level. Requires the President to include in his economic report to Congress current and foreseeable trends of the stability of the general price level. Requires the Council of Economic Advisers to formulate and recommend national economic policy to promote the stability of the general price level.

Bill· HRH.R. 4423 (94th)referred

Returnable Beverage Container Act

United States · United States Congress · 6 March 1975

Returnable Beverage Container Act - Provides that no person shall manufacture for sale, sell, offer for sale, or introduce or deliver for introduction in interstate commerce any beverage container other than a returnable beverage container. Directs the Administrator of the Environmental Protection Agency to establish such regulations as are necessary for the purpose of this Act. Sets forth penalties of up to a $1,000 fine and/or up to six months imprisonment for violation of provisions of this Act. Directs that the provisions of this Act shall be applicable, one year after passage, to metal cans with attached opening devices and to all other non-returnable containers three years after passage.

Bill· HRH.R. 4378 (94th)referred

A bill to amend the Federal Meat Inspection Act in order to provide that States may not have less strict standards with respect to marking, labeling, packaging, and ingredient requirements than those made under the Federal Meat Inspection Act.

United States · United States Congress · 6 March 1975

Provides that States may not have less strict standards with respect to marking, labeling, packaging, and ingredient requirements than those made under the Federal Meat Inspection Act.

Bill· HRH.R. 4324 (94th)referred

Public Disclosure of Lobbying Act

United States · United States Congress · 5 March 1975

Public Disclosure of Lobbying Act-Defines "lobbying" and other terms used in this Act. Requires each lobbyist, within 15 days of becoming a lobbyist, to file a notice of representation with the Federal Edection Commission. Sets forth minimum elements to be contained in such notice. Enumerates those persons required to maintain records of lobbying activities. Sets forth the required form and content of reports to be made to the commission containing such records. Requires GS-15 and above employees of the executive branch to maintain records of communucations received from outside parties expressing opinions or containing information with respect to the policy making process. Directs each executive agency to make such records available for public inspection. Enumerates the powers of the Commission, including the powers: (1) to require any person to submit in writing such reports and answers to question as the Commission may prescribe: and (2) to initiate, prosecute, defend, or appeal any civil or criminal action in the name of the Commission for the purpose of enforcing the provisions of this Act through its General Counsel. Provides that it shall be the duty of the Commission to perform specified tasks, including; (1) to develop and furnish to lobbyists forms required to be filed under this Act: (2) to develop forms for the filing of records of outside contacts by executive branch employees; and (3) to prepare a manual setting forth recommended uniform methods of bookkeeping and reporting, filing coding, and cross-indexing. Sets forth criminal penalties for violation of this Act.

Bill· HRH.R. 4313 (94th)referred

A bill to amend title 39, United States Code, to provide for the mailing of correspondence to Members of Congress free of postage.

United States · United States Congress · 5 March 1975

Provides that any correspondence to any Member of Congress which is: (1) sent to any official business address of the Member; and (2) mailed by a resident of the State or congressional district which is represented by the Member, may be mailed free of postage. Directs the Postal Service to maintain a supply of mailing forms for use in correspondence to Members of Congress, to be available at a nominal cost. (Amends 39 U.S.C. 3220)

Bill· HRH.R. 3160 (94th)referred

A bill to lower interest rates.

United States · United States Congress · 18 February 1975

Provides that the Federal Reserve Board shall conduct monetary policy in the first half of 1975 so as to lower long-term interest rates with the goal of reducing unemployment.

Bill· HRH.R. 3161 (94th)referred

Credit Allocation Act

United States · United States Congress · 18 February 1975

Credit Allocation Act - Directs the President to allocate credit away from inflationary uses and towards national priority uses. Lists national priorty uses including: (1) essential and productive capital investment; (2) normal operations of established business customers in order to overcome lack of adequate working capital; and (3) low- and middle-income housing. Directs the President to transmit a report to the Congress to include a detailed listing of categories which he has determined constitute inflationary uses of credit and a listing of categories, in addition to those listed above, which he has determined constitute national priority uses. Allows the President to add to or subtract from the listed categories by notifying both Houses of Congress. Provides that either House of Congress may adopt a resolution disapproving such action within a sixty-day period of continuous session of Congress commencing on the date of notifications. Allows the President in administering this Act to delegate his powers to the Federal Reserve Board or to any other appropriate Federal agency. Provides that the Federal Reserve Board may assist in credit allocation through the composition and maturities of the securities bought and sold by, or contained in the portfolio of, the Federal Market Committee. Empowers the Federal Reserve Board to require from any bank, the deposits or accounts of which are insured by the Federal Deposit Insurance Corporation, a supplemental reserve consisting of percentages, determined by the Board, of such bank's total loans and investments falling into other than the national priority category. Authorizes the Federal Reserve Board to allow a credit against such supplemental reserve of percentages, determined by the Board, of such bank's total loans and investments falling into the noninflationary category.

Bill· HRH.R. 2898 (94th)referred

American Folklife Preservation Act

United States · United States Congress · 5 February 1975

American Folklife Preservation Act - Creates an American Folklife Center in the Library of Congress. Provides that the center shall be subject to the supervision and direction of a board of trustees. Specifies the composition of the board, including: four members appointed by the President, eight members appointed by the Librarian of Congress, the Librarian of Congress and the director of the Center. Authorizes the Center to establish and implement a program of contracts, grants, revitalize and scholarships to preserve, protect, revitalize and disseminate American folklife traditions and arts. Provides that no payment shall be made pursuant to this Act to carry out any research or training over a period in excess of two years, with specified exceptions. Provides that no former employee of the Federal government shall be eligible to receive any grant or other assistance under this Act in the two year period following the termination of such employment. Requires the Center to submit to the Librarian of Congress, for inclusion in its annual report to the Congress, an annual report of its operations under this Act. Authorizes to be appropriated to the Center to carry out the provisions of this Act $167,750 for fiscal year 1976, $710,000 for fiscal year 1977, and $1,716,000 for fiscal year 1978.

Bill· HRH.R. 2812 (94th)referred

Homeowners' Loan Act

United States · United States Congress · 5 February 1975

Homeowners' Loan Act - Establishes the Homeowners' Loan Corporation. Requires the Board of Directors of the Corporation to determine the minimum amount of capital stock of the Corporation and to increase such capital stock from time to time in such amounts as may be necessary. Authorizes the Corporation to issue bonds in an aggregate amount not to exceed $10,000,000,000 which may be sold by the Corporation to obtain funds for carrying out the purposes of this Act. Authorizes the Corporation for a period of three years after the date of enactment of this Act, but only during any calendar quarter in which the Federal Home Loan Bank Board determines that the foreclosure rate exceeds one-half of 1 percent, to acquire home mortgages and other obligations and liens secured by real estate. States that each home mortgage or other obligation or lien so acquired shall be carried as a first lien or refinanced as a home mortgage by the Corporation on the basis of the price paid therefore by the Corporation, and shall be amortized by means of monthly payments sufficient to retire the interest and principal within a period of not to exceed thirty years. Directs the Board to issue such rules and regulations as may be necessary, including rules and regulations providng for the appraisal of the property on which loans are made under this section so as to accomplish the purposes of this Act. States that whoever makes any statement, knowing it to be false, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of the Homeowners' Loan Corporation of the Board upon any application, advance, discount, purchase, or repurchase agreement, or loan under this Act, or any extension thereof, shall be punished by a fine of not more than $5,000, or by imprisonment for not more than two years, or both. Homeowners' Loan Act - Establishes the Homeowners' Loan Corporation. Requires the Board of Directors of the Corporation to determine the minimum amount of capital stock of the Corporation and to increase such capital stock from time to time in such amounts as may be necessary. Authorizes the Corporation to issue bonds in an aggregate amount not to exceed $10,000,000,000 which may be sold by the Corporation to obtain funds for carrying out the purposes of this Act. Authorizes the Corporation for a period of three years after the date of enactment of this Act, but only during any calendar quarter in which the Federal Home Loan Bank Board determines that the foreclosure rate exceeds one-half or 1 percent, to acquire home mortgages and other obligations and liens secured by real estate. States that each home mortgage or other obligation or lien so acquired shall be carried as a first lien or refinanced as a home mortgage by the first Corporation on the basis of the price paid therefore by the Corporation, and shall be amortized by means of monthly payments sufficient to retire the interest and principal within a period of not to exceed thirty years. Directs the Board to issue such rules and regulations as may be necessary, including rules and regulations providing for the appraisal of the property on which loans are made under this section so as to accomplish the purposes of this Act. States that whoever makes any statement, knowing it to be false, or whoever willfully overvalues security, for the purpose of influencing in any way the action of the Homeowners' Loan Corporation of the Board upon any application, advance, discount, purchase, or repurchase agreement, or loan under this Act, or any extension thereof, shall be punished by a fine of not more than $5,000, or by imprisonment for not more than two years, or both.