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 · 29 September 1982
Balanced Monetary Policy and Price Stability Act of 1982 - Amends the Federal Reserve Act to require the Board of Governors and the Federal Open Market Committee of the Federal Reserve System to establish monthly ranges of targets for short-term interest rates, consistent with historical levels of real interest rates, sustained economic growth, stable prices, and stable foreign exchange rates. Declares that if such objectives cannot be achieved simultaneously, the object of stable prices, as measured by an index of current prices, shall take precedence. Requires yearly targets for the growth or diminution of money and credit aggregates to also be established. Requires the Board and the Federal Open Market Committee to take necessary actions to assure that the targets for monetary and credit aggregates are achieved on an annual basis and short-term interest rates are achieved on a monthly basis. Requires a written report to specified congressional committees if such targets cannot or should not be achieved because of unfavorable economic conditions. Requires the Board of Governors to transmit specified information to Congress biannually. Requires the Board to announce publicly changes in objectives and plans at the time those changes are determined. Directs the Secretary of the Treasury to instruct the United States excutive director of the International Monetary Fund to request a conference of the Board of Governors of the International Monetary Fund for the purpose of considering reforms of the international monetary system which would promote price stability, financial confidence, and expanded world trade.
United States · United States Congress · 24 September 1982
Military Widows and Surviving Children Benefits Restoration Act - Directs the head of a designated agency to make monthly payments to the surviving spouse of a veteran in the amount such spouse would have received under the Social Security Act were she caring for a child under 16 (when such child is actually between 16 and 18 years of age). Directs the head of a designated agency to make monthly payments equivalent to the child's insurance benefit under the Social Security Act before the Omnibus Budget Reconciliation Act of 1981 to certain children between the ages of 18 and 22 attending institutions of higher learning. Limits eligibility for such payments to children of veterans who died on active duty before August 13, 1981, or from a service-connected disability. Directs the Secretary of Health and Human Services to provide the designated agency head with information necessary to carry out this Act. Sets forth provisions determining time and percentage of increases in benefits, including a requirement that all payments be rounded down to the next lower multiple of $1. Directs the Secretary of Defense during FY 1983 to transfer funds from the Retired Pay, Defense account to whomever is chosen to administer this program. Requires such head to establish an account in his or her agency to receive such payments. Permits such head and the Secretary of Health and Human Services to combine specified payments into a single monthly payment.
United States · United States Congress · 22 September 1982
Urges the President to declassify and publicize to the American people existing intelligence information on the military threat to the United States and its allies posed by the Soviet Union.
United States · United States Congress · 20 July 1982
Extends the congratulations of Congress to the National Aeronautics and Space Administration and the individuals who contributed to the successful completion of the test flight phase of the Space Shuttle program and the entry of the United States into a new era of space flight.
United States · United States Congress · 15 July 1982
Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments. Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act. Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.
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 · 7 June 1982
Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to prohibit the inclusion of the disbursements from the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund and of the receipts from the old age, survivors and disability insurance taxes and the hospital insurance taxes on self-employment income, employees, and employers in the totals of the Federal budget. Exempts such disbursements and receipts from any general statutory limitation on Federal budget outlays.
United States · United States Congress · 27 May 1982
Amends the Immigration and Nationality Act to prohibit an Immigration and Naturalization Service official or employee from entering a farm or agricultural operation without a warrant or the owner's consent.
United States · United States Congress · 26 May 1982
Handicapped Infants Protection Act of 1982 - Amends the Child Abuse Prevention and Treatment Act to require the National Center on Child Abuse and Neglect to conduct a study of child abuse or neglect in federally assisted or operated health care facilities. Directs the Secretary of Health and Human Services to: (1) report the results of this study to the Congress within three months; and (2) give priority to information about adoption and foster care of handicapped infants. Prohibits doctors or other health care facility personnel from withholding nutrition or medical treatment from a handicapped infant. Provides a private right of action for violations of this Act. States that any punitive damage awards shall be used for the benefit of the infant involved in the suit, or if deceased, for research and treatment of handicapped infants. Directs the Center to establish and disseminate violations reporting procedures. Provides civil and criminal immunity and job protection for persons reporting such violations. Requires health care facilities to provide parents or guardians of handicapped infants with information about agency assistance for these infants.
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 · 21 May 1982
Amends the Internal Revenue Code to exclude from gross income gain from the sale of real property to certain organizations for use for conservation purposes. Requires that such sale be on the installment method and that such conservation purpose be protected in perpetuity. Disallows such exclusion in the case of involuntary conversions. Allows an extension of time for payment of estate taxes in the case of acquisitions from a decedent's estate of real property by qualified organizations used for conservation purposes. Limits such extension to ten years after the decedent's death.
United States · United States Congress · 13 May 1982
Expresses the sense of the House of Representatives that: (1) the House should not consider legislation which would reduce benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to be paid in FY 1983; and (2) the House should actively consider legislation to remove the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund from the totals of the Federal budget.
United States · United States Congress · 6 May 1982
Housing and Automobile Industries Recovery Act of 1982 - Title I: Exemption for the Purchase of Certain Bonds by Employee Pension Benefit Plans - Provides a temporary exemption from certain provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code relating to prohibited transactions for the purchase of certain bonds sold to fund residential mortgages and domestic motor vehicle loans. Title II: Interest Reduction Payments - Provides for interest reduction payments by the Secretary of Housing and Urban Development to assist with the financing of the purchase of certain residences and domestic motor vehicles. Sets forth: (1) requirements and restrictions for eligible loans and mortgages; and (2) guidelines for the allocation of such payments. Authorizes appropriations for FY 1982 through 1988 to carry out this title. Prohibits the Secretary from making any commitments to make interest reduction payments under this title after August 31, 1983.
United States · United States Congress · 6 April 1982
Amends the Federal criminal code to establish penalties for mailing an identification document (usable by a minor for the purchase of alcoholic beverages) which bears an unverified birthdate. Requires for verification that the sender of the identification obtain adequate assurances that the person to be identified is at least 21 years old or that the birthdate is accurate.
United States · United States Congress · 1 April 1982
Amends the Internal Revenue Code to set forth special temporary rules for the taxation of life insurance companies for 1982 and 1983. Revises provisions relating to policies reinsured under modified coinsurance contracts. Specifies that prescribed policy and other contract liability requirements shall not include interest payable after enactment of this Act by a reinsured to a reinsurer in connection with a coinsurance contract. Revises the method of computing the tax deductions for: (1) dividends to policyholders; (2) certain nonparticipating contracts; and (3) certain accident, health insurance, and group life insurance plans. Revises the method of determining adjusted life insurance reserves. Revises the method of computing the policyholder's share of investment yield, life insurance company taxable income, and net capital gain for companies filing consolidated returns. Specifies that the above method shall not apply to certain contract computations in effect before 1982. States that the determination for taxable years before 1982 as to whether a contract is a coinsurance contract shall be made solely by reference to the terms of the contract.
United States · United States Congress · 1 April 1982
Olympic Coin Act of 1982 - Provides for the minting of commemorative coins to honor and commemorate the 1984 Los Angeles Olympic Games. Requires the Secretary of the Treasury to determine the designs of such coins. Declares the coins legal tender and terminates their minting after December 31, 1984. Sets forth minting specifications. Authorizes the Secretary to enter into an agreement with the Los Angeles Olympic Organizing Committee which shall provide for the implementation of the purposes of this Act. Directs the Secretary to furnish such coins to the Los Angeles Olympic Organizing Committee at a price agreed to pursuant to such implementation agreement. Provides that all coins minted shall be delivered to the Los Angeles Olympic Organizing Committee for distribution and sale to the public in accordance with the terms of the implementation agreement. Sets the delivery date for each series of coins. Sets forth procedures and criteria for the committee to follow in selecting a marketing organization for such coins. States that proceeds received by the Los Angeles Olympic Organizing Committee from the commercial sale of such coins shall be used for the purpose of staging and promoting the 1984 Los Angeles Olympic Games and assisting the U.S. Olympic Committee and amateur athletics. Requires the organizing committee, on and after March 31, 1985, to remit all amounts received from the disposition of the coins to the U.S. Olympic Committee. Prohibits deduction of amounts derived from the disposition of such coins as charitable contributions for purposes of the Internal Revenue Code of 1954. Requires the organizing committee to pay the Secretary in advance such sums as are necessary to carry out the provisions of this Act. Requires the Secretary to report to Congress not later than 45 days after the end of each calendar quarter on the disposition of the coins minted during such quarter. Sets forth recordkeeping requirements for all parties governed by this Act and authorizes the Comptroller General to audit all such records.
United States · United States Congress · 31 March 1982
Enterprise Zone Tax Act of 1982 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 25 nominated areas per year. Limits the period during which such designation shall remain in effect. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 2,500 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on December 31, 1985. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Title II: Federal Income Tax Incentives - Subtitle A - Credits for Employers and Employees - Amends the Internal Revenue Code to allow employers a nonrefundable income tax credit for ten percent of the increase in payroll for all employees, taking into account a maximum of $15,000 in wages per employee. Allows such credit only for wages paid to employees who perform 90 percent of their services in work directly related to the conduct of the taxpayers' business located in the enterprise zone and who perform 50 percent of their services within such zone. Phases out such credit in the last three years of the enterprise zone designation. Allows a nonrefundable income tax credit for employers equal to 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such credit by ten percent a year beginning in the fourth year after such designation. Requires a recapture of such credit for the early termination of such employees. Disallows a deduction for the portion of wages or salaries subject to such credit. Requires employers to furnish to each employee a written statement showing the amount of wages paid to such employee. Provides an income tax credit for enterprise zone employees equal to five percent of the first $9,000 of wages received each year. Phases out such credit in the last four years of the enterprise zone designation. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for certain tangible property located in enterprise zones. Limits such credit to five percent for zone personal property and ten percent for new zone construction property, including rental property. Requires that the property subject to such credit be predominantly used in the zone, be purchased after zone designation, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon early disposition of the property. Subtitle C: Reduction in Capital Gain Tax Rates - Eliminates the capital gains tax on property of corporations acquired after the enterprise zone designation and used in a zone business. Qualifies certain low-income rental housing located in an enterprise zone for such treatment. Permits property to remain qualified for purposes of the revised capital gains treatment after a designation of an enterprise zone has terminated. Exempts gain from the sale or exchange of property used in a business in an enterprise zone from the computation of the minimum tax. Expresses the sense of Congress that if the minimum tax is modified, enterprise zone capital gain will be excluded in computing minimum taxable income. Subtitle D: Extension of Carryover Periods - Extends the net operating loss and investment tax credit carryover period to the longer of 15 years or the duration of the enterprise zone designation for businesses operating in such zones. Subtitle E: Rules Relating to Industrial Development Bonds - Provides that rules relating to small issue tax-exempt industrial development bonds now in effect shall apply to bonds used to finance land or other depreciable property located in an enterprise zone, even if such rules are subsequently changed. Subtitle F: Sense of the Congress With Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Title III: Regulatory Flexibility - Revises the definition of "small entity" for purposes of the analysis of regulatory functions, to include qualified businesses (as defined in Title II of this Act), designating governments, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by designating governments, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in continuation of the rule unchanged. Disallows the waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and the Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of a rule shall remain in effect as long as the zone designations. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to and expedite applications for the establishment of ports of entry necessary to establish such zones. States that to the maximum extent practicable foreign-trade zones should be established within enterprise zones.
United States · United States Congress · 29 March 1982
Authorizes the President to designate April 4, 1982, as the National Day of Reflection. Notes that such date coincides with the 80th birthday of Rabbi Menachem Mendel Schneerson, head of the Lubavitch movement.
United States · United States Congress · 29 March 1982
Declares that the United States should propose to the Soviet Union: (1) a long-term, mutual, and verifiable nuclear forces freeze at equal and sharply reduced levels of forces; and (2) practical measures to reduce the danger of an accidental nuclear war and to prevent the use of nuclear weapons by third parties. States that the United States and the Soviet Union should channel their resources away from nuclear armaments and towards fighting poverty, hunger, and disease. Declares that the United States should continue to work for balanced arms reductions.
United States · United States Congress · 22 March 1982
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to prohibit entitlement to title II benefits in the case of an individual who is not a U. S. citizen or national if such individual: (1) is not a permanent resident of the United States; or (2) is outside the United States. Prohibits the payment of title II benefits to any dependent or survivor of such an individual on the basis of such individual's wages and self-employment income. Makes such prohibition inapplicable if the benefit involved is payable to such an individual as the dependent or survivor of: (1) a U. S. citizen or national; (2) a permanent resident of the United States; or (3) a U. S. citizen or national residing outside the United States if the relationship required for such individual's entitlement already existed at the time such national or citizen reached age 50. Authorizes the payment of title II benefits to an individual who is not entitled to benefits pursuant to this Act until the total amount of such benefits equals the total amount of any taxes paid on the wages and self-employment income on which the benefits are based.
United States · United States Congress · 18 March 1982
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Internal Revenue Code to permit a fully-insured individual reaching age 65 to elect to execute a voluntary moratorium which: (1) waives all rights to old-age insurance benefits; (2) exempts such an individual from employee taxes; and (3) exempts such an individual's employer from employer taxes.
United States · United States Congress · 17 March 1982
Immigration Reform and Control Act of 1982 - Title I: Control of Illegal Immigration - Part A: Employment - Amends the Immigration and Nationality Act to make it unlawful for a person to knowingly hire, recruit, or refer any alien not authorized to work. Makes following the appropriate verification procedures an affirmative defense for an employer so charged. Sets forth a transitional verification procedure (for the first three years) under which an employer must attest that he or she has examined the alien's identity and work eligibility papers (passport, social security card, etc.). Requires the President to implement a secure verification system within three years. Prohibits the use of this system or any required identification document for other law enforcement purposes. Sets forth graduated civil and criminal penalties for verification violations. Directs the Attorney General, in cooperation with the Secretaries of Commerce, Labor, and Agriculture, and the Administrator of the Small Business Administration, to inform employers, employment agencies, unions, and the public about these requirements. Authorizes appropriations for FY 1983. Makes it illegal to fraudulently misuse or manufacture entry or work documents (up to $5,000 fine or five years' imprisonment or both). Part B: Enforcement and Fees - Makes it unlawful for a person to knowingly, or in reckless disregard of the fact that an alien is not authorized to enter the United States, bring such person into the country (up to $2,500 or one year's imprisonment or both). Expresses the sense of Congress that: (1) Immigration and Naturalization Service (INS) enforcement activities and resources should be increased; and (2) the Attorney General should use his existing authority under such Act to impose maintenance and operating fees for an alien's use of INS border facilities and services. Part C: Adjudication Procedures and Asylum Inspection and Exclusion - Establishes in the Department of Justice a United States Immigration Board to hear appeals from final decisions of administrative law judges under such Act. Provides that the Chairman of such Board shall appoint these administrative law judges. Grants such judges responsibility over cases of exclusion, deportation, status rescission, and asylum. Requires exclusion appeals to be filed with the Board (rather than the Attorney General) within 15 days. Limits judicial review in exclusion and asylum cases to the question of habeas corpus. Reduces the period for filing a petition for judicial review of final orders of exclusion, deportation, and asylum from six months to 30 days. Revises asylum provisions to: (1) require an alien under an exclusion or deportation order to apply for asylum within 14 days after notice of such order unless changed circumstances in the alien's country cause a change in asylum eligibility; (2) prohibit an alien from reapplying for asylum after having been denied such status unless such changes have occurred; (3) require asylum applications to be heard before administrative law judges having special training in international law; (4) permit legal counsel at asylum hearings; (5) require an alien to be an admissible refugee in order to be granted asylum; (6) place the burden of proof on the applicant; and (7) prohibit the reopening of an application proceeding unless changed circumstances in the alien's county cause a change in asylum eligibility. Requires the President to nominate members of the Board within 45 days. Sets forth administrative and operating provisions for the transfer of asylum proceedings from the existing special inquiry system to the administrative law judge system. Authorizes appropriations for such purpose for FY 1983. Part D: Adjustment of Status - Prohibits adjustment of status to permanent resident for violators of (nonimmigrant) visa terms. Title II: Reform of Legal Immigration - Part A: Immigrants - Revises numerical limitation provisions to: (1) establish a "family reunification" category of 325,000 (minus the number of prior-year immediate relatives); (2) establish an "independent" category of 100,000 (minus the number of prior-year special immigrants); and (3) permit 40,000 annual entrants each from Mexico and Canada, with each country entitled to the other's unused visas. Sets forth family reunification preference allocations as follows: (1) unmarried sons and daughters of U.S. citizens; (2) spouses and children of permanent residents; (3) married sons and daughters of U.S. citizens; and (4) brothers and sisters of U.S. citizens with already approved visas. Sets forth "independent" preference allocations as follows: (1) aliens of exceptional ability; (2) skilled workers; (3) investors; (4) unskilled workers; and (5) nonpreference workers. Sets forth an interpreference allocation guide. Provides that labor certifications will be granted on the basis of national job market data, and requires a finding that U.S. workers could not be trained (or be presently available) within a reasonable period of time. Includes within the definition of "special immigrant" Amerasian children who: (1) are unmarried and between 14 and 21 years old; (2) were fathered by a U.S. citizen on active duty in Korea, Vietnam, Cambodia, or Laos, and subject to discrimination in such countries; (3) are orphans or have been put up for adoption; and (4) are coming to the United States to be adopted by a U.S. citizen or citizens. Limits such annual entrants to 2,000. Terminates such category after five years. Includes within the definition of "special immigrant" unmarried sons and daughters and surviving spouses of employees of certain international organizations. Part B: Nonimmigrants - Limits (H-2 visa) temporary workers to a maximum stay of eight months per year unless the Secretary of Labor extends such period. Requires an employer petition (to bring in such workers) to certify that: (1) there are not enough U.S. workers for the job; and (2) similarly employed U.S. workers' wages will not be adversely affected. Provides that: (1) employers need not submit such petition more than 80 days in advance of need; and (2) the Secretary must take a decision on a petition within 20 days of need, or else the petition is considered approved. Provides for a seven-day expedited certification. Requires the Secretary, in consultation with the Attorney General and the Secretary of Agriculture, to report annually to the Congress. Authorizes appropriations beginning with FY 1983 to recruit domestic workers and monitor the nonimmigrant worker program. Directs the Secretary of Labor to report on the H-2 worker program to Congress within six months. Prohibits foreign students from adjusting their status to permanent resident unless they are immediate relatives of U.S. citizens. Requires foreign students to return to their home country for two years before being eligible to apply for a U.S. permanent resident visa. Authorizes the Attorney General and the Secretary of State to establish a three-year pilot visa waiver program for up to five countries providing a similar benefit to the United States. Sets forth program provisions. Title III: Legalization - Authorizes adjustment of status to permanent resident for specified undocumented aliens who have resided in the United States since January 1, 1978. Authorizes a temporary resident status for Cuban/Haitian entrants and for specified undocumented aliens who have resided in the United States since January 1, 1980. Permits such temporary resident aliens to: (1) work in the United States; and (2) apply for permanent resident status after two years. Makes temporary residents (other than Cuban/Haitian entrants) ineligible for Federal public assistance (other than medical care, aid to the aged, blind, or disabled, and public health). Prohibits the legalization of persons: (1) convicted of a felony or three or more misdemeanors in the United States; or (2) who have taken part in political, religious, or racial persecution. Directs the Attorney General, in cooperation with designated voluntary agencies and the Secretary of Labor, to disseminate information about such status legalization program. Authorizes appropriations for such program for FY 1983.
United States · United States Congress · 9 March 1982
Individual Housing Account Act - Amends the Internal Revenue Code to allow an income tax deduction from gross income for cash contributions to a tax-exempt savings account established for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing such taxpayer's first principal residence. Limits the maximum annual deduction to $5,000, with a maximum lifetime deduction of $20,000. Excludes distributions from such account from gross income as long as they are used exclusively for the purpose of purchasing the first principal residence of the taxpayer.
United States · United States Congress · 2 March 1982
Amends the Federal National Mortgage Association Charter Act to authorize the Secretary of Housing and Urban Development to direct the Government National Mortgage Association to provide financial assistance to mortgagors by reducing the mortgage payments for certain new homes to amounts the payments would equal if the interest rates on such mortgages were 12 percent. Directs the Association to provide such assistance by: (1) purchasing and servicing mortgages; or (2) making payments to mortgagees on the principal of or interest on mortgage loans. Requires the Association to recapture the lesser of the amount of assistance provided to a mortgagor or 50 percent of the net appreciation of the assisted property whenever the property is sold or refinanced or whenever the property is no longer the mortgagor's principal place of residence. Directs the Secretary to provide that: (1) assistance is allocated among the regions of the country on the basis of each region's inventory of unsold housing and building permits issued for newly constructed homes; (2) no mortgagor receives more than $6,000 in assistance; and (3) modest homes and small home building operations are priority assistance recipients. Directs the Association to provide such assistance in FY 1982 and FY 1983 by using the authority provided for such years to carry out the low-rent public housing loan fund under the United States Housing Act of 1937.
![Official portrait of Rep. Burgener, Clair W. [R-CA-43]](https://www.congress.gov/img/member/b001080_200.jpg)