United States · United States Congress · 7 March 1973
Wilderness Study Act - Provides for a study of various lands enumerated in this Act to determine their suitability for designation as wilderness in accordance with the Wilderness Act of 1964. Requires the Secretary of Agriculture to report the findings of such study to the President within five years after the date of the enactment of this Act. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act. Designates lands in the Cherokee National Forest, Tennessee, as the North Cohutta Wilderness Preserve.
United States · United States Congress · 7 March 1973
Designates specified lands in the following national forests for inclusion in the National Wilderness Preservation System including: (1) Bankhead National Forest, Alabama; (2) Ouachita National Forest, Arkansas; (3) Ozark National Forest, Arkansas; (4) Appalachicola National Forest, Florida; (5) Chattahooche and Cherokee National Forests, Georgia and Tennessee; (6) White Mountain National Forest, Maine; (7) Mark Twain National Forest, Missouri; (8) White Mountain National Forest, New Hampshire; (9) Natahala and Cherokee National Forests, North Carolina and Tennessee; (10) Monongahela National Forest, West Virginia; (11) George Washington National Forest, Virginia and West Virginia; (12) Jefferson National Forest, Virginia; (13) Daniel Boone National Forest, Kentucky; (14) Sumter National Forest, South Carolina, (15) Green Mountain National Forest, Vermont; (16) Chequamegon National Forest, Wisconsin; (17) Clark National Forest, Missouri, Hiawatha National Forest, Michigan; and (18) Mark Twain National Forest, Missouri. Authorizes necessary appropriations to carry out the provisions of this Act.
United States · United States Congress · 7 March 1973
Sets forth restrictions on the procurement or instigation of an investigative consumer report. States that a person may not procure or cause to be prepared a consumer report on any consumer unless it is clearly and accurately disclosed to the consumer that such a report may be made. Entitles the consumer to a copy of such report. Provides that any consumer reporting agency which negligently or maliciously publishes any untrue statement or representation with respect to a consumer shall be liable to such consumer for: (1) actual damages, but not less than liquidated damages of $1,000; (2) punitive damages; and (3) a reasonable attorney's fee and other litigation costs reasonably incurred. Directs the President to establish a Board of Consumer Investigation Examiners. Provides that the Board shall promulgate such rules and procedures, as it deems necessary or appropriate in order to regulate the examining, licensing, and practices of individuals who investigate consumers for the purpose of preparing or aiding in the preparation of investigative consumer reports. Establishes procedures and guidelines for granting or revoking licenses granted individuals to prepare or aid in the preparation of investigative consumer reports. Provides for judicial review in an appropriate United States district court for any individual aggrieved by any final decision of the Board denying, revoking, or suspending a license. Makes it unlawful for any individual: (1) to investigate any consumer for the purpose of preparing or aiding in the preparation of any investigative consumer report without a license issued to such individual by the Board; or (2) to violate the terms of any license issued to him by the Board. Provides that any individual who violates the above paragraph shall be fined not more than $10,000 or imprisoned for not more than one year, or both. Authorizes necessary appropriations to carry out the provisions of this Act.
United States · United States Congress · 6 March 1973
Provides an additional income tax exemption for a taxpayer supporting a dependent who is mentally retarded. Defines the term "mentally retarded" as used in this Act. (Adds 26 U.S.C. 151(f))
United States · United States Congress · 6 March 1973
Volunteers' Tax Incentive Act - Allows a tax deduction under the Internal Revenue Code equal to the number of hours of volunteer service multiplied by $2.00, to a maximum of $2,000 for individuals performing volunteer public service having a particular importance to the welfare of the community. Limits the tax deduction to work performed for Federal, State, or local governmental organizations. Requires documentation of the work by the agency for which it was performed. (Amends 26 U.S.C. 218)
United States · United States Congress · 6 March 1973
Small Business Tax Simplification and Reform Act - Title I: Tax Simplification Relating to Small Business - Creates a Committee on Tax Simplification for Small Business for the purpose of devoting continued attention to the simplification of the Internal Revenue Code to small business, and the regulations, instructions, procedures, and other publications relating to small business taxation. Provides that the membership of the Committee would include representatives of the Secretary of the Treasury (for policy matters); Internal Revenue Service (for technical matters); Office of Management and Budget (for coordinating the paperwork aspects of IRS forms, in view of the Federal Reports Act) and the Small Business Administration to express the interests of the small business community. Creates in the Treasury Department an Office of Small Business Analyst, which would be responsible for looking at tax problems primarily from the view of small business and the free enterprise system. Calls upon the Treasury Department for a comprehensive study of depreciation policies with particular attention to: the impact of legislation; the rapid advances in technology to which small business must adapt; and the practices of other industrialized nations. Calls upon the Treasury to study the entire range of pension, retirement, health, medical, and insurance benefits in the larger context of what both corporations (including large corporate enterprise) and other forms of business are providing for their employees and executives. Authorizes a special study of the differential effect of tax law changes on businesses of different sizes. Title II: Adjustment of Corporate Normal Tax - Effects a progressive reform in the entire corporate tax structure by providing for reductions in normal corporate tax rates based on the corporations earning. Provides that as corporate earnings rise above $1 million per year the normal tax would incline upward to a maximum of 24 percent for corporations earning over $1 billion annually. Title III: Special Provisions to Encourage Establishment of New Small Business Enterprises - Permits eligible new small business corporatians on income tax deduction equal to the corporations net operating income so long as that amount does not exceed $2083. Allows an income tax deduction to a partnership for its oragnizational expenses ratably over a period of 60 months. Provides for a bad debt tax deduction for guarantors of obligations of, and lenders, to, small business corporations. Title IV: Provisions to Assist Small Business Growth - Increases the additional first-year depreciation limitation for small business property from $10,000 to $20,000. Extends the period for use of the loss carryover provisions for small businesses by allowing existing corporations to carry these losses over a ten year period. Raises the earning credit in accordance with the costs of doing business to $150,000. Allows the expenses of certain types of small business stock flotations, such as those under Regulation A and section 1244 of the Code, which are not otherwise deductible, to be amortized over a period of 60 months. Allows research and development expenses of small business to be amortized beginning at the time they are made. Permits a limited number of surtax exemptions (up to 5) in the event members of a family are placed in proprietary positions where they have ownership of at least 50 percent of the stock (or other interest) and full time management of a separately incorporated unit of a family business. Title V: Provisions Relating to Partnerships - Allows the closing of the partnership year for a decedent at any of the following times: (1) normal close of the partnership year if there has been no prior sale, exchange, or liquidation of the partnership interest; (2) the date of any of the above described transactions; or (3) the day after the partner's death. Permits a partner to deduct currently his share of partnership losses in excess of the adjusted basis of his partnership interests, in the event that the partner is unconditionally obligated for his share of such partnership losses. Title VI: Provisions Relating to Subchapter S Corporations - Allows enlargment of the Subchapter S "tax-option" small business corporations in the following 3 ways: (1) initial shareholders could number 15, rather than the present 10; (2) shareholders in excess of this ceiling who take their stock by reason of heirship would not disqualify election; and (3) after 5 years, the number of permissible shareholders would increase to 25. Provides that the classes of shareholders would be expanded to include: (1) trusts where stock passes pursuant to a will, and where the trust is used merely to convey the stock to a long term eligible holder within 60 days; (2) trusts where the entire income is taxable to the grantor; and (3) small business investment companies, subject to such income. Provides for nondisqualification of a Subchapter S corporation by reason of exceeding the limit of 20 percent passive income in a single year. Provides that the election privilege could still be lost pursuant to this proposal if the limit is exceeded in any 2 of 4 consecutive years. Provides that if the corporation is able to establish that the termination was, in fact, inadvertent and gain full compliance within 90 days of notification, its Subchapter S status would be preserved for future years. Title VII: Business Development Corporations - Permits State and local development companies to extend long-term financing to non-bankable new enterprises and such companies would be permitted a bad-debt reserve deduction up to 10 percent of outstanding loans. Provides that certain types of business development corporations would be nontaxable upon the condition that the proceeds from such unusual transactions are re-invested the area of service and no part of these proceeds insures to the benefit of any individual or private institution. Title VIII: Preservation of Small Business Independence - Allows recovery of losses in 1 or 2 quarters to the extent the newly estimated tax for the year is less than the amount already paid in. Disallows interest deductions beyond $500,000 on any loan for small business acquistion purposes. Permits valuation comparisons with any similar closely held corporation whether or not it is listed on an exchange. Changes the standard of "undue hardship" (required to qualify for 10-year estate tax installments) to "hardship." Directs the Treasury to conduct a comprehensive examination of the pressures of income taxes, capital gains tax, reorganization rules, and estate and gift taxes which are causing so many small business to sell or merge out of existence rather than continue in independent form.
United States · United States Congress · 6 March 1973
Foreign Trade and Investment Act - Declares the purpose of the Act to insure that the production of goods which have historically been produced in the United States is continued and maintained, to encourage the return of production of goods that has been transferred abroad, and to encourage the development of new product production in the United States. Title I : - Provides that if a foreign corporation is a controlled foreign corporation for an uninterrupted period of 30 days or more during any taxable year, every United States shareholder of such corporation who owns stock in such corporation on the last day in such year on which such corporation is a controlled foreign corporation shall include in its gross income, for the taxable year on which the corporation ends, its pro rata share of the corporations' earnings and profits for such year. Defines the pro rata share of the stockholder and the earnings and incomes of such corporations. Provides that the earnings and profits of a foreign corporation attributable to amounts which are, or have been, included in the gross income of a United States shareholder shall not, when distributed to such shareholder or to a trust of which such shareholder is a beneficiary, be again included in the gross income of such United States shareholder or trust. Provides that, under regulations prescribed by the Secretary of the Treasury or his delegate, the basis of a United States shareholder's stock in a controlled foreign corporation shall be increased by the amount required to be included in its gross income with respect to such stock, but only to the extent to which such amount was included in the gross income of such United States shareholder. Authorizes the Secretary or his delegate to require by regulation that each person who is or has been a United States shareholder of a foreign corporation to maintain such records as may be prescribed. Repeals the foreign tax credit allowed corporations. Requires the Treasury Department, by December 31, 1974, to submit to Congress a report on the administration of the income tax imposed by the Internal Revenue Code as it applies to business activities carried on outside the United States by United States corporations. Title II: United States Foreign Trade and Investment Commission - Provides that the United States Foreign Trade and Investment Commission shall be composed of three commissioners to be appointed by the President with the consent of the Senate. Prescribes the qualifications for the Commissioners. Title III: Quantitative Restraints on Imports - Limits the total quantity of each category of goods produced in a foreign country which may be entered during the calendar year 1974 to the average annual quantity determined by the Commission to have entered during the calendar years 1965 to 1969. Limits the total quantity of such goods which may be entered during any calendar year after 1974 to the total determined as above plus the increase estimated by the Commission to be necessary to make the total quantity of imports in each category bear the same relationship to United States production of goods in such category as existed during the period 1965-1969. Authorizes the President to make bilateral or multilateral arrangements for regulating the quantity of articles produced in such foreign countries which may be imported into the United States. Title IV: Amendments to the Antidumping and Countervailing Duty Acts - Provides that whenever a class or kind of foreign merchandise is being sold in the United States at less than its fair value and an industry in the United States is being hurt or prevented from being established by reason of the importation of such merchandise, there shall be levied in addition to other duties a special dumping duty in an amount equal to the difference between the purchase price or the exporter's sales price and the foreign market value. Authorizes an additional duty where any country pays a bounty for the production of any goods and those goods are then imported into the United States, the duty to be equal to the bounty. Title V: Amendments to the Trade Expansion Act of 1962 - Adjustment Assistance - Provides for the presentation, consideration, and disposition of petitions for tariff adjustments. Title VI: Foreign Investment and Technology Export Controls - Authorizes the President to prohibit any person within the jurisdiction of the United States from engaging in any transaction involving a direct or indirect transfer of capital to or within any foreign country or to any national thereof when in the judgment of the President the transfer would result in the net decrease in employment in the United States. Imposes a fine of not more than $100,000 and imprisonment of not more than one year for each violation. Title VII: Other Foreign Trade Provisions - Requires the Export-Import Bank of Washington to submit to Congress semi-annually a complete report of its operations. Requires that all goods having foreign made components be clearly marked, indicating the origin of such foreign made components.
United States · United States Congress · 6 March 1973
National Science Policy and Priorities Act - Title I: Science Policy and Priorities for Civilian Research and Engineering - Science Policy Act - Directs the National Science Foundation to: (1) analyze information regarding Federal expenditures for research and engineering activities in order to focus these activities on meeting the needs of the Nation in such areas as health care, poverty, public safety, sanitation and utilities, pollution, unemployment, housing, education, transportation, nutrition, communications, and energy resources; (2) develop and recommend to the President and the Congress programs and activities which will contribute to carrying out such policies; and (3) submit to the President for the transmittal to the Congress not later than January 31 of each calendar year a report of its activities under this Act. Authorizes appropriations of $5,000,000 for the fiscal year ending June 30, 1974, $10,000,000 for the fiscal year ending June 30, 1975; and $15,000,000 for the fiscal year ending June 30, 1976, to carry out the provisions of this title. Title II: Design and Demonstration of Civil Science Systems - Civil Science Systems Act - Establishes, within the National Science Foundation, the Civil Science Systems Administration and the Science Research and Education Administration. Prohibits the transfer of funds between these two Administrations. Establishes a Civil Science Systems Advisory Council to advise the Director of the Civil Science Systems Administration with respect to the discharge of his responsibilities under this Act. Authorizes the Director to conduct planning studies, to transfer funds to other departments and agencies of the Federal Government, and to make grants to, or to enter into contracts with, academic institutions, nonprofit institutes and organizations, State, regional, and local governmental agencies, and private business firms, for the conduct of the following programs: (1) planning studies for the design and demonstration of civil science systems capable of providing improved civil services; (2) applied social research into the economic, sociological, political, legal, administrative, and psychological aspects of civil science systems capable of providing improved public services; (3) research with respect to civil science systems capable of providing improved public services in areas such as health care, public safety, sanitation and utilities, pollution control, productivity, unemployment, education, housing, transportation, nutrition, communications, and energy resources; (4) testing and evaluating civil science systems which make use of advanced science and technology; (5) establishment of a computerized Civil Science System Information Service to collect and integrate the scientific, technical, and social information pertaining to civil science systems resulting from programs under this title, and to provide such information to interested organizations in Federal, State, and local government, industry, academic institutions, and the nonprofit sector, upon request from such organizations, in accordance with such administrative procedures as are established by the Director; and (6) construction and public exhibition of civil science systems demonstration projects, which illustrate the functioning and associated benefits of alternative, effective civil science systems resulting from research and design activities conducted or assisted under this title. Authorizes appropriations for the various programs established under this title of $120,000,000 for fiscal year 1974; $315,000,000 for fiscal year 1975; and $435,000,000 for fiscal year 1976. Title III: Transition of Technical manpower to Civilian Programs - Technical Manpower Transition Act - Authorizes the Foundation to make grants to, or enter into contracts with, academic institutions, nonprofit institutes and organizations, public agencies, and private business firms, for the purpose of: (1) researching the social, economic research and engineering activities to civilian-oriented research and engineering activities; (2) conducting programs at the State, local, or regional level, which are designed to facilitate the transition of scientific and technical activities to civilian programs within the particular State, local, or geographic area; (3) planning or operating training programs for officers and employees of Federal, State, and local government who will be responsible for, or participate in, determining or administering government assisted or conducted programs for civilian, socially oriented research and engineering activities; (4) paying the travel and subsistence expenses of government employees incurred in connection with their participation in training programs carried out under the previous programs; (5) establishing community conversion corporations; (6) enabling private corporations to hire scientists, engineers, and technicians for work on projects for which they are not yet fully qualified; (7) awarding career transition fellowships and awards to technicians to enable them to pursue a course of study through which they can acquire specialized technical knowledge and skills in fields other than the ones in which they are already proficient; (8) entering into contracts with scientific, professional, technical, and business associations and labor unions in order to establish and operate placement programs for unemployed or underemployed scientists, engineers, and technicians; and (9) planning, developing, strengthening, or carrying out education programs which design courses and curriculums intended to prepare students for careers in civilian, socially oriented research and engineering activities. Authorizes appropriations for the various provisions of this title of $25,000,000 for fiscal year 1974; $50,000,000 for fiscal year 1975; and $50,000,000 for fiscal year 1976. Title IV: General Provision - Sets forth the definitions of terms used in this Act and specifies certain administrative provisions. (Amends 42 U.S.C. 1862, 1863; 42 U.S.C. 1864(e),(a); 42 U.S.C. 1873; Amends 5 U.S.C. 5314, 5315; 5 U.S.C. 5316)
United States · United States Congress · 5 March 1973
Requires the advice and consent of the Senate for appointments to Director of the Office of Management and Budget under the Budget and Accounting Act of 1921. (Amends 31 U.S.C. 16)
United States · United States Congress · 1 March 1973
Makes appropriations to carry out the provisions of the Motor Vehicle Information and Cost Savings Act for the fiscal year ending June 30, 1073, of a total of $23,000,000.
United States · United States Congress · 28 February 1973
Trade Adjustment Assistance Organization Act - Title I: Transfer of Functions and Establishment of Administration and Advisory Council - States that it is the purpose of this Act to consolidate in a single agency in the executive branch the administration and coordination of programs of economic development and worker retraining and assistance, and to provide a comprehensive program for the solution of economic and unemployment problems caused by economic dislocation resulting from increased imports. Establishes within the Department of Labor the Trade Adjustment Assistance Administration to assist the Secretary of Labor in carrying out the purposes of this Act. Establishes an Economic Priorities Advisory Council to: (1) advise and assist the Secretary and Administrator with respect to the activities of the Trade Adjustment Assistance Administration under this Act; (2) review and evaluate the effectiveness of programs carried out under this Act; (3) conduct surveys and establish area and industry priorities for the application of trade adjustment assistance under this Act; (4) carry out studies and prepare projections of future areas of economic activity in which the United States can expect to be competitively disadvantaged and identify industries in which economic adjustment assistance may be necessary; and (5) conduct research and propose new measures and programs to provide economic adjustment assistance to workers and firms who may be eligible for assistance under this Act. Title II: Trade Adjustment Assistance - Prescribes the requirements for a firm, individual, or community to receive trade adjustment assistance under this Act. Provides that upon the filing of a petition the Secretary shall determine whether a firm, the workers of a firm, or a community is eligible for economic adjustment assistance under this Act. States that a firm certified as eligible for economic adjustment assistance under this Act may, at any time within 2 years after the date of such certification, file and application with the Secretary for such economic adjustment assistance. Provides that economic adjustment assistance under this Act consist of technical assistance, financial assistance, and tax assistance, which may be furnished singly or in combination. Authorizes to be appropriated to the Secretary such sums as are necessary to carry out purposes of this section. Requires each recipient of economic adjustment assistance under the Act to keep records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance which will facilitate an effective audit. States that the Secretary and the Comptroller General of the United States shall have access for the purpose of audit and examination to any books, documents, papers, and records of the recipient pertaining to economic adjustment assistance under this Act. Stipulates that whoever makes a false statement of a material fact knowing it to be false knowingly fails to disclose a material fact, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of the Secretary under this Act, or for the purpose of obtaining money, property, or anything or value under this Act, shall be fined not more than $5,000 or imprisoned for not more than two years, or both. Authorizes any adversely affected worker to file an application with the Secretary for economic adjustment assistance in the form of readjustment allowances, training benefits, relocation allowances, and early retirement benefits. Provides that the readjustment allowance payable to an adversely affected worker for a week of unemployment shall be an amount equal to 85 percent of his average weekly wage. Provides that payment of readjustment allowances shall not be made to an adversely affected worker for more than 52 weeks, except that, in accordance with regulations prescribed by the Secretary: (1) such payments may be made to an adversely affected worker for the entire period of his retraining to assist him to complete the training approved by the Secretary, or (2) such payments shall be made to an adversely affected worker who had reached his 60th birthday for the period of time until he qualifies for social security payments, or until he has been relocated in suitable employment. Requires every adversely affected worker who applies for a readjustment allowance under this Act to apply for testing , counseling, training, and placement assistance. Directs the Secretary, insofar as possible, to provide assistance under this Act through existing programs established by law. Directs the Secretary to contract for basic and supplemental hospital and medical care for persons receiving assistance under this Act under such insurance plans as he deems appropriate. Provides that a relocation allowance may be granted to assist an adversely affected worker in relocating within the United States if the Secretary determines that such worker cannot reasonably be expected to secure suitable employment in the commuting area in which he resides and that such worker: (1) has obtained suitable employment affording a reasonable expectation of long-term duration in the area in which he wishes to relocate, or (2) has obtained a bona fide offer of such employment. Authorizes the Secretary to pay to each adversely affected worker who meets the requirements of this Act, and who files an application therefor, the retirement pay or the benefits under the old-age, survivors, and disability insurance provisions of the Social Security Act, in the same amounts, and subject to the same terms and conditions, as the adversely affected worker will receive when he becomes entitled to receive such retirement pay or benefits. Authorizes the Secretary on the behalf of the United States to enter into an agreement with any State or State agency under which such State or agency will receive applications for, and will provide assistance under, the programs established by this Act. Provides that a community certified as eligible to apply for adjustment assistance may, at any time within two years after the date of such certification, file an application with the Secretary of Commerce for adjustment assistance under this subtitle. Directs the Community, within a reasonable time after filing his application, to present a proposal, either separately or in conjunction with a firm or a group of workers or both, for its economic adjustment. Directs the Secretary, upon approval of such application, to provide a community such additional technical assistance as in his judgment will materially contribute to the economic adjustment of the community. Title III: Location of Firms - Requires every firm with plans to relocate faciltites outside the United States to apply for all economic adjustment assistance for which its workers are entitled under this Act and to offer first choice of future employment in the new facilities to individuals employed in the old facilities. Provides that any firm which fails without good cause to comply with the requirement of this section shall be liable to the United States for one-half the cost incurred in providing economic adjustment assistance to its workers. Title IV: Establishment of an Early Warning System - Requires the Trade Adjustment Assistance Administration to undertake to develop an integrated system of foreign and domestic economic statistics, which would provide the data necessary to forcast problems of economic adjustment, and to shift industrial and manpower planning into priority economic areas. Requires each firm engaged in the manufacture, sale or transportation of products in the interstate or foreign commerce of the United States to give the Trade Adjustment Assistance Administration advance notice of decisions to relocate facilities outside the United States, which would cause any total separations, partial separations, or other reductions in their work force. Provides that any firm or individual who willfully violates this section shall be assessed a civil penalty by the Adminsitration of not more than $5,000 for each such violation.
United States · United States Congress · 28 February 1973
States that by reason of their traditional use as a thoroughfare and haven for fishermen and sea venturers, the necessity for them to be free and open in connection with shipping, navigation, salvage, and rescue operations, as well as recreation, Congress declares and affirms that the beaches of the United States are impressed with a national interest and that the public shall have free and unrestricted right to use them as a common to the full extent that such public right may be extended consistent with such property rights of littoral landowners as may be protected absolutely by the Constitution. Provides that no person shall create, erect, maintain, or construct any obstruction, barrier, or restraint of any nature which interferes with the free and unrestricted right of the public, individually and collectively, to enter, leave, cross, or use as a common the public beaches. Establishes Federal jurisdiction over legal actions connected with the provisions of this Act. States that it is desirable that the States and the Federal Government act in a joint partnership to protect the rights and interests of the people in the use of the beaches. Authorizes the Secretary of whatever department the Coast Guard is operating under to place at the disposal of the States such research facilities and information as may assist them in carrying out the provisions of this Act, to make grants, and to provide financial assistance for the development and maintenance of transportation facilities necessary in connection with the use of public beaches.
United States · United States Congress · 27 February 1973
Provides, under the Federal Trade Commission Act, that exclusive territorial arrangements in any trademark licensing contract or agreement for the manufacture, distribution and sale of a trademarked food product shall not be deemed unlawful, provided: (1) that such product is in free and open competition with products of the same general class manufactured, distributed, and sold by others; (2) the licensee is in free and open competition with vendors of other products of the same general class; and (3) the licensor retains control over the nature and quality of such product in accordance with the provisions of the Trademark Act. (Amends 15 U.S.C. 41)
United States · United States Congress · 27 February 1973
National Registration Rights Act - Establishes, within the Bureau of the Census, a National Voter Registration Administration. Directs the Administration to: (1) establish and operate a national voter registration program in accordance with the provisions of this Act; (2) collect, compile, and publish information concerning voter registration, voter participation, and election results; (3) compile, study, and publish copies and analyses of the various State registration and voting laws; (4) inform, cooperate with, and advise State and local registration and election officials concerning registration under the provisions of this Act; and (5) advise the President and the Congress with respect to voter registration and participation in elections throughout the United States, and make such recommendations for additional legislation as it deems appropriate for measures increasing voter registration and participation in elections and improving the election process. Authorizes the Administration to prepare and distribute forms for use by individuals wishing to register to vote. Provides for the distribution of such forms through the mails. Establishes guidelines for use by the States for Federal elections of registration through the National Voter Registration Program. Makes grants and other assistance available to States and local agencies for the cost of processing registration forms. Grants incentive awards to States that comply with standards for facilitating votes registration. Provides that, if any State, precinct, or district does not have 75 percent registration of those potentially eligible to vote in Federal elections within four years after the enactment of this title, the Administration shall (for Federal elections) further augment that area's voter registration so as to make reasonable efforts to achieve 85 percent registration. Requires each State to make provisions for the registration and voting in Federal elections for those of its eligible citizens who have writing, vision, or limb handicaps but who are otherwise eligible to register and vote. Provides that the Administration shall join with the States to make every effort to prevent fraudulent registration or voting by the careful processing of registration and voting records. Provides that whenever the Attorney General has reason to believe that a State or political subdivision is denying or attempting to deny any persons the right to vote in any election in violation of this Act, he shall institute for the United States a restraining order, a preliminary injunction, or such order as he deems appropriate. States that any person who deprives or attempts to deprive any other person of any right secured by this Act shall be fined not more than $5,000, or imprisoned not more than five years or both. Grants individuals standing to seek injunction or redress of grievances committed in violation of rights secured by this Act. Authorizes to be appropriated such sums as may be necessary to carry out the purposes of this Act.
United States · United States Congress · 27 February 1973
Extends the authorizations through fiscal year 1974 for the following programs under the Public Works and Economic Development Act of 1965: (1) grants for public works and development facilities; (2) public works and development facility loans; (3) technical assistance, research and information related to public works and development facilities; (4) financial assistance for projects in economic development districts; and (5) supplemental funds for Federal grants-in-aid programs for economic development regions. Provides that no area designated as a redevelopment area for purposes of the Act shall have such designation terminated or modified before June 1, 1974, unless the qualified local governing body of the county specifically requests the such action.
United States · United States Congress · 27 February 1973
Establishes an Institute for Continuing Studies of Juvenile Justice to serve as a coordinating center for the collection and dissemination of information in the field of juvenile delinquency and control, including comparisons and analysis of State and Federal laws and model laws and recommendations designed to promote effective and efficient systems of juvenile justice; and as a training center for representatives of all levels of government who are connected with the treatment and control of juvenile offenders. Provides that the Institute shall be under the supervision of a Director, appointed by the President by and with the advice and consent of the Senate, who will supervise the staff, faculty, and administrative personnel necessary to the Institute's functioning. Gives the Institute powers to carry out the objectives of this Act. Creates an Advisory Commission to design a curriculum for the Institutes enrollees and to supervise the overall policy and operations of the Institute. Authorizes the appropriation of such sums as may be necessary for the purposes of this Act. (Adds 18 U.S.C. 5041-5048)
United States · United States Congress · 27 February 1973
Provides that no changes or readjustments in the schedule for rating disabilities made by the Administrator of Veteans' Affairs shall be effective unless: (1) such proposed damage or readjustment is first submitted to Congress, and (2) neither House of Congress, prior to the expiration of ninety calendar days of continuous session of Congress following the date of submission of the proposed change or readjustment, has adopted a resolution stating in substance that that House does not favor the proposed change or readjustment. (Amends 38 U.S.C. 355)
United States · United States Congress · 27 February 1973
Establishes, under the Economic Stabilization Act of 1970, a Food Price Control Commission. Grants such Commission the authority to stabilize and otherwise control the wholesale and retail level of food prices at levels prevailing on October 31, 1972.
United States · United States Congress · 8 February 1973
Declares that, in the selection of persons to participate in federally assisted manpower training programs and to occupy public service jobs, Vietnam veterans shall have priority. Provides that first priority shall be given to Vietnam veterans who have served in a combat zone; second priority to other Vietnam veterans. Sets forth the definition of the terms "veteran", "combat zone", and "Vietnam era". (Amends 42 U.S.C. 2617)
United States · United States Congress · 7 February 1973
Provides for the annual authorization of appropriations to the United States Postal Service. Requires such Service to keep the Senate and House Committees on Post Office and Civil Service fully and currently informed with respect to all activities and responsibilities within the jurisdiction of such committees.
United States · United States Congress · 7 February 1973
Act for Freedom of Emigration in East-West Trade - States that after October 15, 1972, products from any nonmarket economy country shall not be eligible to receive most-favored-nation treatment, such country shall not participate in any program of the Government of the United States which extends credits or credit guarantees or investment guarantees, directly or indirectly, and the President of the United States shall not conclude any commercial agreement with any such country during the period beginning with the date on which the President determines that such country: (1) denies its citizens the right or opportunity to emigrate; (2) imposes more than a nominal tax on emigration or on the visas or other documents required for emigration, for any purpose or cause whatsoever; or (3) imposes more than a nominal tax, levy, fine, fee, or other charge on any citizen as a consequence of the desire of such citizen to emigrate to the country of his choice. Provides that, before any of the aforementioned commercial agreements are entered into with any foreign country, the President shall submit to the Congress a report indicating that such country is not in violation of any of the requirements of the preceding paragraph.
United States · United States Congress · 6 February 1973
Provides that no license granted for the operation of a broadcasting station under the Communications Act of 1934 shall be for a longer term than five years. Provides for renewal of such license where the Federal Communications Commission finds that the public interest, convenience, and necessity would be served. Provides that an applicant for renewal who is legally, financially and technically qualified shall be awarded the license if such applicant shows that its broadcast service during the preceding license period has reflected a good-faith effort to serve the needs and interests of its area as represented in its immediately preceding and pending license renewal application and if it has not demonstrated a callous disregard for law or the Commission's regulations.
United States · United States Congress · 6 February 1973
Authorizes loans under the Small Business Act to small businesses for expenditures incurred as a result of complying with the Consumer Product Safety Act, the Flammable Fabrics Act, the Federal Hazardous Substances Act, and the Poison Prevention Packaging Act of 1970. Authorizes to be appropriated $75,000,000 for fiscal year 1974, $100,000,000 for fiscal year 1975, and $125,000,000 for fiscal year 1976, for purposes of this Act. (adds 15U.S.C. 636 (b) (8)
United States · United States Congress · 29 January 1973
Provides, under the Railroad Retirement Act, that an individual who has attained age fifty-five and completed thirty years of service, or who has attained age sixty-two and completed less than thirty years of service shall be entitled to an annuity under such Act. Entitles the spouse of an annuitant under the Act to benefits when his or her spouse has attained age fifty-five. Entitles such spouse to receive a reduced annuity at age fifty-two when his or her spouse has attained age fifty-five. (Amends 45 U.S.C. 228b) Imposes on the income of each employee representative, under the Railroad Retirement Tax Act, a tax equal to twenty-four percent of so much of the compensation paid to such employee representative for services rendered by him in any calender month after June 1971, as is not in excess of the maximum monthly compensation. (Amends 26 U.S.C. 3211(a)) Imposes on every employer, under such Act, an excise tax, with respect to having individuals in his employ, equal to twenty-four percent of so much of the compensation paid by such employer for services rendered to him in any calendar month after June 1971, as is, with respect to any employee, not in excess of the maximum monthly compensation. Provides that the above rate of tax shall be increased, with respect to services rendered after June 1971, by a number of percentage points equal at any given time to twice the number of percentage points by which the rate of the tax imposed with respect to wages at such time exceeds two and three-fourth percent. (Amends 26U.S.C. 3221)
United States · United States Congress · 29 January 1973
Provides that: (1) recipients of aid or assistance under the various Federal-State public assistance and medicaid programs under the Social Security Act; (2) recipients of assistance or benefits under the veterans' pension and compensation programs; and (3) certain recipients of assistance under the Federal Food Stamp Program, recipients of benefits in any form under any Federal retirement or disability program, and other Federal and federally assisted programs will not have the amount of such aid, assistance, or benefits reduced because of increases in monthly social security benefits.
United States · United States Congress · 29 January 1973
Provides that the exemption from antitrust laws extended to agreements covering the telecasting of professional football, baseball, basketball and hockey games shall terminate when a home game is sold out forty-eight hours before the scheduled beginning time of such game. Prohibits blackouts by stations more than 50 miles from the site of the event. (Amends 15 U.S.C. 1292)
United States · United States Congress · 29 January 1973
Expands the authority of the Veterans' Administration to make direct loans to veterans for housing where private capital is unavailable at the statutory interest rate. (Amends 38 U.S.C. 1811)
United States · United States Congress · 26 January 1973
Provides that each Government agency that maintains records, including computer records, concerning any person which may be retrieved by reference to, or are indexed under, a person's name, or some other similar identifying number or symbol, and which contains any information obtained from any source other than such person shall, with respect to such records: (1) notify such person by mail at his last known address that the agency maintains or has augmented a record concerning said person; (2) refrain from disclosing the record or any information contained therein to any other agency or to any person not employed by the agency maintaining such record; (3) refrain from disclosing the record or any information contained therein to individuals within that agency other than those individuals who need to examine such record or information for the execution of their jobs; (4) maintain an accurate record of the names and addresses of all persons to whom any information contained in such records is divulged and the purposes for which such divulgence was made; (5) permit any person to inspect his own record and have copies thereof made at his expense, which in no event shall be greater than the cost to the agency of making such copies; (6) permit any person to supplement the information contained in his record by the addition of any document or writing of reasonable length containing information such person deems pertinent to his record; and (7) remove erroneous information of any kind, and notify all agencies and persons to whom the erroneous material has been previously transferred of its removal. Provides that this Act shall not apply to records that are: (1) specifically required by Executive order to be kept secret in the interest of the national security; (2) investigatory files compiled for law enforcement purposes; and (3) interagency or intraagency memoranda or letters which would not be available by law to a party other than an agency possessing such memoranda or letters in litigation with such agency. Provides that any employee of the United States who under the color of agency authority knowingly and willfully violates a provision of this Act, or permits such a violation, shall be fined $1,000. Establishes a Federal Privacy Board to aid in the administration of this Act.
United States · United States Congress · 24 January 1973
Veterans Health Care Expansion Act - Title I: Hospital, Domicilliary, and Medical Care Benefits - Extends the definition of "private facilities" for which the Administrator of Veterans' Affairs contracts in order to provide hospital care to include facilities for the wife or child of a veteran who has a total disability, permanent in nature, resulting from a service connected disability, and the widow or child of a veteran who died from such a disability. Includes in the term "hospital care" mental health services, consultation, professional counseling, and training of a veteran or dependent, or survivor if the veteran has no dependents, as may be necessary or appropriate to the effective treatment and rehabilitation of such individual. Adds home health services which the Administrator deems appropriate for the effective and economical treatment of a disability of a veteran, or dependent, or survivor, to the definition of the term "medical services." Extends to all veterans hospital or nursing home care if such veteran is unable to defray the expenses of the necessary care. Allows the Administrator to furnish hospital or nursing home care to the wife or child of a veteran who has a total disability, permanent in nature from a service connected disability, and the widow or child of a veteran who died from such a disability. Permits the Administrator to furnish medical services for any disability on an outpatient or ambulatory basis to persons already described in this act and to any veteran who has a service connected disability rated at eighty percent or more. Authorizes the Administrator, under such regulations as he might prescribe, to reimburse veterans entitled to hospital care as medical services for the reasonable value of such care or services for which such veterans have made payment from sources other than the Veterans' Administration. (Adds 38 U.S.C. 628) Authorizes the President to assist the Republic of the Philippines in providing medical care and treatment for Commonwealth Army veterans and new Philippine Scouts under certain conditions. (Amend 38 U.S.C. 631) Provides that the President may authorize the Administrator to enter into a contract with the Veterans Memorial Hospital, with the approval of the appropriate department of the Government of the Republic of the Philippines under which the United States: (1) will pay for hospital care in the Republic of the Philippines, or for medical services which shall be provided either in Veterans' Administration facilities, or by contract, or otherwise, by the Administrator in accordance with the conditions and limitations applicable generally to beneficiaries under this title, for Commonwealth Army veterans determined by the Administrator to be in need of such hospital care or medical services for service-connected disabilities; (2) will pay for hospital care at the Veterans Memorial Hospital for Commonwealth Army veterans determined by the Administrator to need such care for non-service-connected disabilities if they are unable to defray the expenses of necessary hospital care; and (3) will pay for hospital care, determined by the Administrator to be necessary, at the Veterans Memorial Hospital for new Philippine Scouts for service-connected disabilities and for non-service-connected disabilities, if they are unable to defray the expenses of necessary hospital care. Provides that the total of the payments authorized shall not exceed $2,000,000 for any one fiscal year ending before 1978. Authorizes to be appropriated for each fiscal year ending with fiscal year 1978, $100,000 to be used for the education and training of health service personnel at the hospital, and for the upgrading of equipment and in rehabilitating the physical plant and facilities of such hospital. (Amends 38 U.S.C. 632) Authorizes the Administrator to carry out a comprehensive program providing sickle cell anemia screening, counseling, and treatment and to carry out research and research training in the diagnosis, treatment, and control of sickle cell anemia based upon such screening examinations and treatment. Requires the Administrator to include such information in his annual report to Congress. (Adds 38 U.S.C. 651-654) Title II: Amendments to Chapter 73 of Title 38, United States Code Relating to the Department of Medicine and Surgery - Authorizes the Administrator to carry out a major program of recruitment training, and employment of veterans with various medical military occupation specialties in order to provide a complete medical and hospital service for the medical care and treatment of veterans and to assist in providing an adequate supply of health manpower to the nation. (Amends 38 U.S.C. 4101(b)) Establishes pay schedules for Assistant Chief Medical Directors, physicians and dentists, and nurses. Provides criteria on which nurses are to receive additional compensation. Enumerates restrictions on physicians, dentists, and nurses, including requirements that no such person may: (1) assume responsibility for the medical care of any patient other than a patient admitted for treatment at a Veterans' Administration facility, except in those cases where the individual, upon request and with the approval of the Chief Medical Director, assumes such responsibilities to assist communities or medical practice groups to meet medical needs which would not otherwise be available for a period not to exceed one hundred and eighty calendar days, which may be extended by the Chief Medical Director for additional periods not to exceed one hundred and eighty calendar days each; (2) teach or provide consultative services at any affiliated institution if such teaching or consultation will, because of its nature or duration, conflict with his responsibilities under this title; and (3) perform, in the course carrying out his responsibilities under this title, professional services for the purpose of generating money for any fund or account which is maintained by an affiliated institution for the benefit of such institution, or for his personal benefit, or both. Provides that temporary full-time appointments of personnel, other than physicians, dentists, and nurses, shall not exceed one year. (Amends 38 U.S.C. 4114(a)(3)(A)) Provides that the Administrator may contract with one or more hospitals, medical schools, or medical installations having hospital facilities and participating with the Veterans' Administration in the training of interns or residents to provide for the central administration of stipend payments, provision of fringe benefits, and maintenance of records for such interns and residents by the designation of one such institution to serve as a central administrative agency for this purpose. Permits the Administrator to pay to such designated agency, without regard to any other law or regulation governing the expenditure of Government moneys either in advance or in arrears, all amount to cover the costs for the period such intern or resident serves in a Veterans' Administration hospital. (Adds 38 U.S.C. 4114(b) (2)) Title III: Amendments to Chapter 81 of Title 38, United States Code _ Acquisition and Operation of Hospital and Domicilliary Facilities; Procurement and Supply - Requires the Administrator to provide for no less than an average of 98,500 operating beds in Veterans' Administration Hospitals and to maintain an average daily patient census in such beds of no less than 85,500 in any fiscal year. Authorizes the Administrator to establish and operate not less than eight thousand beds for the furnishing of nursing home care to eligible veterans over which the Administrator has direct and exclusive jurisdiction. (Amends 38 U.S.C. 5001(a)) Requires the Administrator to appoint an Advisory Committee on Structural Safety of Veterans' Administration Facilities to advise him on all matters of structural safety in the construction and remodeling of Veterans' Administration facilities. (Amends 38 U.S.C. 5001(b)) Title IV: Miscellaneous Amendments to Title 38 United States Code - Specifies certain miscellaneous amendments to title 38 of the United States Code. Title V: Effective Dates - Specifies the dates on which the provisions of this Act shall become effective.
United States · United States Congress · 24 January 1973
National Cemeteries Act - Establishes within the Veterans' Administration a National Cemetery System consisting of all cemeteries of the United States in which veterans of any war or conflict or of service in the Armed Forces may be buried. Establishes an Advisory Committee on Cemeteries and Memorials to advise and consult with the Administrator with respect to the administration of the cemeteries. Specifies that the following persons are eligible for interment in any open national cemetery: (1) any veteran; (2) any reservist, whose death occurs under honorable conditions, while undergoing treatment at the expense of the United States for injury or disease contracted while acting within the scope of his reservist duties; (3) any ROTC member whose death occurs under honorable conditions during his training period; (4) any U.S. citizen, who served in the Armed Forces of an allied government and such service terminated honorably; (5) the wife, surviving spouse, minor child, and the unmarried adult child of the above-mentioned persons; and (6) such other persons as may be designated by the Administrator. Directs the Administrator to make all rules and regulations and conduct whatever business is necessary to establish and maintain such cemeteries. Authorizes the Administrator of Veterans' Affairs to acquire needed additional land by purchase, gift, condemnation, transfer from other Federal agencies, or otherwise as he determines to be in the best interest of the United States. Directs the Administrator to conduct a comprehensive study and to submit his recommendations to the 93d Congress within six months after such Congress convenes, concerning the criteria which should govern the development and operation of the National Cemetery System, including the concept of regional cemeteries; the relationship between that system to other Federal burial benefits provided servicement and veterans; and the steps to be taken to conform the existing System to the recommended criteria. Authorizes the Administrator to make necessary rules for the governing of property under his control, and to fix penalties for violations. Provides for the payment of burial costs (up to $250) when an eligible veteran or veteran's relative dies in a VA facility. Stipulates that if the veteran is not buried in a national cemetery or other cemetery under the jurisdiction of the United States, the Administrator, in his discretion, having due regard to the circumstances in each case, may pay a sum not exceeding $150 as a plot or interment allowance to such person as he prescribes. Transfers to the Administrator from the Secretaries of the Army, Navy, and Air Force the functions and responsibilities of such Secretaries with respect to cemeteries under their jurisdiction. Repeals specified provisions of law dealing with national cemeteries and payment of veterans' burial expenses. Authorizes the burial of an unknown soldier from the Vietnam Conflict at Arlington National Cemetery after the United States has concluded its participation in hostilities in Southeast Asia.
United States · United States Congress · 23 January 1973
Provides, under title XVIII (Medicare) and title II (Old-Age, Survivors' and Disability Insurance) of the Social Security Act, that qualified drugs requiring a physicians prescription or certification shall be included among the items and services covered under the hospital insurance program for the aged at a specified amount of payment. Establishes, within the Department of Health, Education, and Welfare, a Formulary Committee to compile and publish a Formulary listing the drugs deemed qualified for benefits under this Act, together with maximum allowable costs and additional information concerning such drugs. Makes provisions for selecting drugs for the Formulary.
United States · United States Congress · 23 January 1973
Makes it a Federal crime to kill or assault a fireman or law enforcement officer engaged in the performance of his duties when the offender travels in interstate commerce or uses any facility of interstate commerce for such purpose. Provides for imposition of a sentence for a term of years up to life or upon the recommendation of the jury, death for the killing of such persons. (Adds 18 U.S.C. 1116)
United States · United States Congress · 18 January 1973
Consumer Protection Agency Act - Title I: Office of Consumer Affairs - Creates an Office of Consumer Affairs within the Executive Office of the President. Provides that the office shall be headed by a Director and a Deputy Director, both of whom shall be appointed by the President by and with the advice and consent of the Senate. Gives the Director powers to carry out the provisions of this Act. Requires the Director to transmit to Congress and the President in January of each year a report of the activities of the Office during the preceding year including a summary of consumer complaints and recommendations for additional legislation deemed necessary to protect the interests of U.S. consumers. Provides that it shall be the function of the Office to: (1) coordinate the programs and activities of all Federal agencies relating to the interests of consumers in order to achieve effectiveness, avoid duplications and inconsistencies, and to promote the purposes of this title; (2) encourage and assist in the development and implementation of consumer programs and activities in the Federal Government; (3) assure that the interests of consumers are taken into consideration by appropriate Federal agencies both in the formulation of policies with respect to consumers and in the operation of programs that may affect consumer interests; (4) cooperate with and, when requested, provide assistance to the Administrator of the Consumer Protection Agency in carrying out its functions under title II of this Act; (5) advise and make recommendations to all Federal agencies with respect to general policy matters concerning the effectiveness of programs and activities relating to the interests of consumers; (6) submit recommendations to the Congress and the President on the means by which programs and activities relating to the interests of consumers can be improved; (7) conduct conferences and surveys concerning the needs, interests, and problems of consumers which are not duplicative in significant degree to similar activities conducted by other Federal agencies; (8) encourage, initiate, coordinate, and participate in consumer education and counseling programs (including credit counseling); (9) cooperate with and give technical assistance to State and local governments in the promotion and protection of consumer interests; (10) cooperate with and assist private enterprise in the promotion and protection of consumer interests; (11) publish and distribute in a Consumer Register material which will include notice of Federal hearings, proposed and final rules and orders, and other useful information, translated from its technical form into language which is understandable by the public; and (12) keep the appropriate committees of the Congress fully and currently informed of all its activities. Title II: Consumer Protection Agency - Establishes as an independent agency within the executive branch of the Government the Consumer Protection Agency, headed by an Administrator and a Deputy Administrator, both of whom shall be appointed by the President by and with the advice and consent of the Senate. Gives the Agency powers to carry out the objective of this Act. States that the functions of the Agency shall be to: (1) represent the interests of consumers before Federal agencies and courts to the extent authorized by this title; (2) encourage and support research, studies, and testing leading to a better understanding of consumer products and improved products, services, and consumer information; (3) submit recommendations annually to the Congress and the President on measures to improve the operation of the Federal Government in the protection and promotion of the consumer interest; (4) publish and distribute material developed pursuant to carrying out its responsibilities under this Act which will inform consumers of matters of interest to them; (5) conduct conferences, surveys, and investigations, including economic surveys, concerning the needs, interests, and problems of consumers which are not duplicative in significant degree to similar activities conducted by other Federal agencies; (6) keep the appropriate committees of Congress fully and currently informed of all its activities; and (7) cooperate with and, when requested, provide assistance to the Director of the Office in the carrying out of his functions.
United States · United States Congress · 18 January 1973
Creates an Atlantic Union delegation, composed of 18 eminent citizens, which is authorized to organize and participate in a convention made up of similar delegations from such North Atlantic Treaty parliamentary democracies as desire to join in the enterprise, and other parliamentary democracies the convention may invite, to explore the possibility of agreement on: (1) a declaration that the goal of their peoples is to transform their present relationship into a more effective unity based on Federal principles; (2) a timetable for the transition by stages to this goal; and (3) a commission to facilitate advancement toward such stages. Requires the convention's recommendations to be submitted to the Congress. Provides that not more than half of the delegation's members shall be from one political party, and that 6 of the delegates shall be appointed by the Speaker of the House of Representatives, after consultation with the House Committee on Foreign Affairs, 6 by the President of the Senate, after consultation with the Senate Committee on Foreign Relations, and 6 by the President of the United States. Allows all members of the delegation to speak and vote individually in the convention. Authorizes the delegation in carrying out the purposes of this Act: (1) to seek to arrange an international convention and such other meetings and conferences as it may deem necessary; (2) to employ and fix the compensation within prescribed limits of such temporary professional and clerical staff as it deems necessary; and (3) to pay not in excess of $100,000 toward such expenses as may be involved as a consequence of holding any meetings or conferences authorized by this joint resolution. Authorizes not to exceed $200,000 to be appropriated to the Department of State to carry out the purposes of this resolution, payments to be made upon vouchers approved by the Chairman of the delegation subject to the laws, rules, and regulations applicable to the obligation and expenditure of appropriated funds. Requires the delegation to make semiannual reports to Congress accounting for all expenditures and such other information as it deems appropriate. Provides that the delegation shall cease to exist at the expiration of the three-year period beginning on the date of the approval of this resolution.
United States · United States Congress · 18 January 1973
Makes it the sense of the Congress that: (1) the producers and distributors of motion pictures and television and radio programs should cease the production and distribution of those films and programs which defame, sterotype, ridicule, demean, or degrade ethnic, racial, or religious groups; (2) those responsible persons in the motion picture and broadcasting industries who are desirous of contributing to the vitality of democratic institutions by promoting ethnic, racial, and religious harmony should establish adequate standards for the production of films and broadcasts which portray ethnic, racial, or religious groups and that such standards should be rigorously enforced by the motion picture and broadcasting industries; and (3) if within one year after the enactment of this resolution the motion picture and broadcasting industries have failed to establish and enforce adequate standards for the production of films and broadcasts which portray ethnic, racial, or religious groups, appropriate committees of the House and Senate shall formulate and propose such measures as are necessary to establish and implement such standards.
United States · United States Congress · 15 January 1973
Provides for the repeal of the Postal Reorganization Act and reenacts the former postal service provisions of title 39, United States Code. Reestablishes the former Post Office Department as an executive department of the Federal Government.
United States · United States Congress · 15 January 1973
Provides, under the Social Security Act, that full old-age, survivors, and disability insurance benefits, (when based upon the attainment of retirement age), and medicare benefits will be payable at age sixty, with such benefits being payable in reduced amounts at age fifty-seven. Provides a minimum primary insurance benefit payment of $100 under title II of the Social Security Act. Increases the amount an individual may earn annually, without such earnings reducing his benefit payments, to $3,360. Includes coverage for prescription drugs under the medicare program. Limits the payment made for eligible drugs to those dispensed by a participating pharmacy; except that payments for eligible drugs may be made when such drugs are dispensed by a physician where the Secretary of Health, Education, and Welfare determines that such eligible drugs were required in an emergency or that there was no participating pharmacy available in the community. Establishes within the Department of Health, Education, and Welfare, a Medicare Formulary Committee. Directs the Committee to compile, publish, and make available a Medicare Formulary containing the names, and specific dosage forms and strengths which the Committee decides are necessary for proper patient care. Provides that such listing shall include the prices at which the products of such drug entities are generally sold by the suppliers thereof. States that any provider of services whose services are otherwise reimbursable under any program under this Act in which there is Federal financial participation on the basis of "reasonable cost" shall not be entitled to a professional fee or dispensing charge or reasonable billing allowance. Provides that if a particular drug entity, in a given dosage form and strength, in the Formulary is available from more than one supplier, and the product of such drug entity as available from one supplier possesses demonstrated distinct therapeutic advantages over other products of such drug entity, then the reasonable allowance for such supplier's drug product shall be based upon the price at which it is generally sold to establishments dispensing drugs.
United States · United States Congress · 15 January 1973
Increases under title II of the Social Security Act, and the Internal Revenue Code of 1954, the Federal Government's contribution of the cost of financing the old-age, survivors, and disability insurance program and the hospital insurance program, with corresponding reductions in the contributions otherwise required of employees, employers, and self-employed individuals.
United States · United States Congress · 9 January 1973
Comprehensive Older Americans Services Amendments - Title I: Declaration of Objectives - States that the general purpose of this Act is to make available comprehensive health, education, and social service programs to our older citizens. Title II: Administration on Aging - Establishes in the office of the Secretary of Health, Education, and Welfare, an Administration on Aging to carry out this Act. Declares that the Commissioner on Aging shall be the principal officer of the Administration. Establishes within the Administration on Aging a National Information and Resource Clearing House for the Aging to collect, review, operate, publish, and disseminate information and data related to the particular problems caused by aging, including information describing measures which are or may be employed for meeting such problems. Establishes the Federal Council on the Aging to advise and assist the President as he may direct on matters relating to the special needs of Older Americans: to assist the Commissioner on Aging in carrying out his functions under this Act; to review and evaluate programs of the Federal Government; and to make recommendations to the President, the Secretary of Health, Education, and Welfare, the Commissioner, and Congress on policies and programs for the aged. Provides that, not later than one hundred and twenty days after the close of each fiscal year, the Commissioner shall prepare and submit to the President for transmittal to the Congress a complete report on the activities carried out under this Act. Title III: Grants for State and Community Programs on Aging - Prescribes standards and procedures for the establishment by the several States of State and area social service programs to concentrate resources in order to develop a greater capacity and foster development or comprehensive systems to serve older persons, to include services designed to assist older Americans in avoiding institutionalization. Authorizes appropriations totalling $600,000,000 for such programs for fiscal years 1973, 1974, and 1975. Provides that the Commissioner shall not finally disapprove any State plan, or any modification thereof, without first affording the State reasonable notice and opportunity for a hearing. Title IV: Training and Research - Directs the Commissioner to make grants to State agencies and educational institutions for the purpose of: (1) publicizing available opportunities for careers in the field of aging; (2) encouraging qualified persons to enter or re-enter the field of aging; (3) encouraging persons from other professions to undertake assignments on a parttime bais in the field of aging; and (4) assisting in covering the cost of courses of training or study. Authorizes the Commissioner to conduct a study of the transportation problems of older Americans, with emphasis upon solutions that are practicable and can be implemented in a timely fashion. Authorizes the appropriation of $7,500,000 for fiscal year 1973, $15,000,000 for fiscal year 1974, and $20,000,000 for fiscal year 1975 for purposes of such transportation studies and demonstration projects. Authorizes the Commissioner to make grants for the purpose of: (1) establishing multidisciplinary centers of gerontology to recruit and train personnel; (2) conducting basic research on the problem of the aged; (3) providing consultation to public and voluntary organizations; and (4) creating opportunities for research projects with respect to aging. Authorizes appropriations of $15,000,000 for fiscal year 1973, $20,000,000 for fiscal year 1974, and $25,000,000 for fiscal year 1975, for the purposes of attracting personnel to, and training personnel in, the field of aging; and for research and development projects. Authorizes appropriations for $20,000,000 for the fiscal year 1973, $30,000,000 for fiscal year 1974, and $40,000,000 for fiscal year 1975, for establishing multidisciplinary centers of gerontology. Title V: Multipurpose Senior Centers - Authorizes the Commissioner to make grants to units of general purpose local government or other public or nonprofit private agencies to pay not to exceed 75 percent of the cost of leasing, altering, or renovating existing facilities to serve as multipurpose senior centers. Establishes standards to be followed by the Commissioner in making such grants and authorizes appropriations of $35,000,000 annually for fiscal years 1973-1975 to carry out the provisions of this section. Creates a Multipurpose Senior Center Insurance Fund to be administered by the Secretary of Health, Education, and Welfare to insure mortgages on multipurpose senior centers. Authorizes appropriations of $10,000,000 for fiscal year 1973, and for each of the next two succeeding fiscal years for the purpose of making grants to meet the costs of compensation of professional and technical personnel for the initial operation of multipurpose senior centers. Title VI: National Older Americans Volunteer Program - Provides that no compensation paid to individual volunteers under the Retired Senior Volunteer Program under the Older Americans Act shall be considered income for any purposes. Authorizes appropriations for such program in the amount of $20,000,000 for fiscal year 1973, $30,000,000 for fiscal year 1974, and $40,000,000 for fiscal year 1975. Authorizes appropriations of $35,000,000 for fiscal year 1973, $45,000,000 for fiscal year 1974, and $55,000,000 for fiscal year 1975, for the continuation of the Foster Grandparent Program under the Older Americans Act. Title VII: Nutrition Programs - Provides, under the Older Americans Act of 1965, that the Secretary of Agriculture and the Commodity Credit Corporation may donate specified products acquired by them to a recipient of a grant or contract for providing nutritional services for the elderly. Title VIII: Amendments to Other Acts - Authorizes the Commissioner to make grants to States which have submitted a long-range program and an annual program for library services for older persons. Authorizes the Commissioner to make grants to institutions in planning, developing, and carrying out programs specifically designed to apply the resources of higher education to the problems of the elderly. Directs the Commissioner to make grants to State and local educational agencies or other public or private nonprofit agencies for educational programs for elderly persons whose ability to speak and read the English language is limited and who live in an area with a culture different from their own. Title IX: Community Service Employment for Older Americans - Older Americans Community Service Employment Act - Authorizes the Secretary of Labor to establish an older American community service program in order to promote useful part-time work opportunities in community service activities for unemployed low-income persons 55 years old or older who have poor employment prospects. Makes provisions for allotment of funds to State, local, and private organizations to further the purposes of the program. Authorizes appropriations of $100,000,000 for fiscal year 1973 and $150,000,000 for fiscal year 1974 to carry out this title. Title X: Middle-Aged and Older Workers Training - Middle-Aged and Older Workers Training Act - Authorizes the Secretary of Labor, through the Manpower Administration, to make loans and grants for manpower training, including on-the-job, institutional, residential, and other training, designed to upgrade the work skills and capabilities of middle-aged and older persons. Authorizes the Secretary to make such studies, rules and provisions as necessary to carry out this title. Authorizes the Secretary to carry out this title in fiscal year 1973 from funds otherwise available for similar programs. Authorizes appropriations in fiscal year 1974 of $100,000,000 for the purposes of this title.
United States · United States Congress · 9 January 1973
Rehabilitation Act - Declares that it is the purpose of this Act to provide a statutory basis for the Rehabilitation Service Administration and to establish within the Department of Health, Education and Welfare an Office for the Handicapped, and to authorize specified programs. Establishes within the Department of Health, Education, and Welfare a Rehabilitation Services Administration which shall be administered by a Commissioner. Provides that the Commissioner shall carry out and administer all programs and direct the performance of all services for which authority is provided to the Secretary of H.E.W. under titles I through IV of this Act. Creates within such administration a Division of Research, Training and Evaluation which shall be responsible for carrying out programs and projects under title IV of this Act. Authorizes the inclusion of appropriations under this Act in appropriations for the fiscal year preceding the fiscal year for which they are available for obligation. Provides that where funds are provided for a single project by more than one Federal agency to an agency or organization assisted under this Act, the Federal agency principally involved may be designated to act for all in administering such funds, pursuant to regulations prescribed by the President. Sets forth definitions of terms used in this Act. Title I: Vocational Rehabilitation Services - States it to be the purpose of this title to authorize grants to assist States to meet the current and future needs of handicapped individuals, so that such individuals may prepare for and engage in gainful employment to the extent of their capabilities. Authorizes to be appropriated $800,000,000 for fiscal year 1973, and $975,000,000 for fiscal year 1974 for the purpose of making grants to States to assist them in meeting the costs of vocational rehabilitation services. Authorizes to be appropriated $50,000,000 for fiscal year 1973, $60,000,000 for fiscal year 1974, and $75,000,000 for fiscal year 1975, for the purpose of making grants to States and public and nonprofit agencies to assist them in meeting the costs of projects to initiate or expand services to handicapped individuals. Sets forth the requirements of State plans to be submitted and approved for participation in programs under this title and under title II of this Act. Authorizes judicial review in United States district courts of decisions by the Commissioner of the Rehabilitation Services Administration affecting State plans. Provides that the Commissioner shall insure that the individualized written rehabilitation program required in a State plan in the case of each handicapped individual shall be developed jointly by the vocational rehabilitation counselor or coordinator and the handicapped individual. Defines vocational rehabilitation services provided under this Act as any goods or services necessary to render a handicapped individual employable, including, but not limited to, the following: (1) evaluation of rehabilitation potential; (2) counseling, guidance, referral, and placement services for handicapped individuals; (3) vocational and other training services for handicapped individuals; (4) physical and mental restoration services; (5) maintenance, not exceeding the estimated cost of subsistence, during rehabilitation; (6) interpreter services for the deaf, and reader services for the blind; (7) recruitment and training services for handicapped individuals; (8) rehabilitation teaching services and orientation and mobility services for the blind; (9) occupational licenses, tools, equipment, and initial stocks and supplies; (10) transportation in connection with the rendering of any vocational rehabilitation services; and (11) telecommunications, sensory, and other technological aids and devices. Provides a formula for the allotment and payment of funds to States for providing rehabilitation services under this title. Directs the Commissioner to establish offices in ten to twenty geographically dispersed regions for client assistance pilot projects to provide counselors to inform and advise all clients and client applicants in the project area of all available benefits under this Act and to assist them in their relationships with projects, programs, and facilities providing services to them under this Act. Directs the Commissioner to pay to a State or, at the option of the State, to a public or nonprofit organization or agency a portion of the cost of planning, preparing for, and initiating special programs under the State plan to expand vocational rehabilitation services. Title II: Comprehensive Rehabilitation Services - States it to be the purpose of this title to authorize grants to assist the several States in developing and implementing continuing plans for meeting the current and future needs of handicapped individuals for whom a vocational goal is not possible or feasible authorizes to be appropriated $30,000,000 for fiscal year 1973, $50,000,000 for fiscal year 1974, and $80,000,000 for fiscal year 1975 for grants to carry out the purposes of this title. Specifies the formula to be utilized in alloting such funds to the States. Directs the Commissioner to make grants to States and public and nonprofit agencies or organizations to pay part of the cost of projects for research and demonstration and training which hold promise of making a substantial contribution to the solution of problems related to the rehabilitation of individuals under this title. Title III: Special Federal Responsibilities Authorizes the Commissioner to make grants and contracts to assist in meeting the costs of construction of public or nonprofit rehabilitation facilities, initial staffing, and planning assistance. Authorizes to be appropriated for such grants and contracts $35,000,000 for fiscal year 1973, $40,000,000 for fiscal year 1974, and $45,000,000 for fiscal year 1975. Authorizes the Commissioner to make grants to States and public or nonprofit organizations and agencies to pay up to 90 percent of the cost of projects for providing vocational training services to handicapped individuals, especially those with the most severe handicaps, in public or nonprofit rehabilitation facilities. Authorizes to be appropriated for such grants and contracts $30,000,000 for fiscal year 1973, $35,000,000 for fiscal year 1974, and $40,000,000 for fiscal year 1975. Authorizes the Commissioner to insure up to 100 percent of any mortgage on the construction of facilities for programs for handicapped individuals. Creates a Rehabilitation Facilities Insurance Fund to be used by the Commissioner as a revolving fund for carrying out the insurance provisions of this part. Provides that the total amount of outstanding mortgages shall not exceed $250,000,000. Authorizes to be appropriated such sums as may be necessary for initial capital for such Fund. Authorizes the Commissioner to make annual interest grants to assist States and public or nonprofit agencies and organizations to reduce the cost of borrowing from other sources for the construction of rehabilitation facilities. Authorizes to be appropriated such sums as may be necessary for the payment of annual interest grants in accordance with this part. Authorizes the Commissioner to make grants to States and public or nonprofit agencies and organizations for paying part of the cost of special projects and demonstrations: (1) for establishing facilities and providing services which hold promise of expanding or otherwise improving rehabilitation services to handicapped individuals, especially those with the most severe handicaps; and (2) for applying new types or patterns of service or devices. Allows the Commissioner to make grants to pay up to 90 percent of the cost of projects or demonstrations for the provision of vocational or comprehensive rehabilitation services to handicappped individuals who are migratory agricultural workers or seasonal farmworkers, and to members of their families who are with them. Provides that the Commissioner may make contracts or jointly finance cooperative arrangements with employers and organizations for the establishment of projects designed to prepare handicapped individuals for gainful and suitable employment in the competitive labor market under which such handicapped individuals are provided training and employment in a realistic work setting and such other services as may be necessary for such individuals to continue to engage in such employment. Authorizes the Commissioner to provide technical assistance to rehabilitation facilities, and for the purpose of removal of architectural and transportation barriers, to any public or nonprofit agency, institution, organization or facility. Authorizes to be appropriated, for the purpose of making grants under this part, $50,000,000 for fiscal year 1973, $125,000,000 for fiscal year 1974, and $150,000,000 for fiscal year 1975. Authorizes to be appropriated $5,000,000 for construction, $800,000 for operations for fiscal year 1973, $1,200,000 for operations for fiscal year 1974, and $2,000,000 for operations for fiscal year 1975, for establishing and operating a National Center for Deaf-Blind Youths and Adults. Authorizes to be appropriated $2,000,000 for fiscal year 1973, $4,000,000 for fiscal 1974, and $7,000,000 for fiscal year 1975 and for making grants and contracts for the expansion and improvement of vocational or comprehensive rehabilitation services for deaf and blind individuals. Authorizes to be appropriated, for the purpose of establishing and operating National Centers for Spinal Cord Injuries, $15,000,000 for fiscal year 1973, $25,000,000 for fiscal year 1974, and $30,000,000 for fiscal year 1975. Authorizes to be appropriated, for providing services for the treatment of individuals suffering from end-stage renal disease, $25,000,000 for fiscal year 1973, $25,000,000 for fiscal year 1974, and $25,000,000 for fiscal year 1975. Establishes a National Advisory Council on Rehabilitation of Handicapped Individuals in the Department of Health, Education, and Welfare to: (1) provide policy advice and consultation to the Secretary of Health, Education, and Welfare, and the Commissioner; (2) review the administration and operation of vocational rehabilitation programs under this Act; and (3) advise the Secretary and the Commissioner with respect to the conduct of independent evaluations of programs carried out under this Act. Authorizes appropriations of $100,000 for fiscal year 1973 and $150,000 for each of fiscal years 1974 and 1975 to carry out the functions of the Council. Title IV: Research and Training - Authorizes the Commissioner to make grants to and contracts with States and public or nonprofit agencies and organizations to pay part of the cost of projects for the purpose of planning and conducting research, demonstrations, and related activities, which bear directly on the development of methods, procedures, and devices to assist in the provision of vocational and comprehensive rehabilitation services to handicapped individuals, especially those with the most severe handicaps. Authorizes to be appropriated for such research activities $75,000,000 for fiscal year 1973, $100,000,000 for fiscal year 1974, and $150,000,000 for fiscal year 1975. Authorizes the Commissioner to make grants to and contracts with States and public and nonprofit agencies and organizations to pay part of the cost of projects for training, traineeships, and related activities designed to assist in increasing the numbers of personnel trained in providing vocational and comprehensive rehabilitation services to handicapped individuals and in performing other functions necessary to the development of such services. Authorizes to be appropriated for such training grants $50,000,000 for fiscal year 1973, $75,000,000 for fiscal year 1974, and $100,000,000 for fiscal year 1975. Title V: Administration and Program and Project Evaluation - Provides that, in carrying out his duties under this Act, the Commissioner shall: (1) cooperate with, and render technical assistance to States in matters relating to the rehabilitation of handicapped individuals; (2) provide short-term training and instruction in technical matters relating to vocational and comprehensive rehabilitation services; and (3) disseminate information relating to vocational and comprehensive rehabilitation services, and otherwise promote the cause of the rehabilitation of handicapped individuals and their greater utilization in gainful and suitable employment. Directs the Secretary to measure and evaluate the impact of all programs authorized by this Act. Title VI: Office for the Handicapped - Establishes an Office for the Handicapped in the Department of Health, Education, and Welfare to: (1) prepare a long-range projection for the provisions of comprehensive services to handicapped individuals; (2) analyze program operations; (3) encourage coordinated and cooperative planning; (4) provide assistance to other committees advising the Secretary; (5) develop means of promoting scientific research to bring about the full integration of handicapped individuals into all aspects of society; and (6) provide a central clearinghouse for information and resource availability for handicapped individuals. Authorizes to be appropriated for purposes of this title $1,000,000 for fiscal year 1973, $2,000,000 for fiscal year 1974, and $2,000,000 for fiscal year 1975. Title VII: Miscellaneous - Provides that the Vocational Rehabilitation Act is repealed ninety days after the date of enactment of this Act. Establishes an Interagency Committee on Handicapped Employees to insure the adequacy of hiring, placement, and advancement practices with respect to handicapped individuals by each department, agency, and instrumentality of the executive branch of Government. Establishes a National Commission on Transportation and Housing for Handicapped Individuals to identify and eliminate transportation barriers that impede the mobility of handicapped individuals and aged handicapped individuals, and to prepare plans and proposals for such further action as may be necessary to the goals of adequate transportation and housing for handicapped individuals. Establishes an Architectural and Transportation Barriers Compliance Board to investigate and examine alternative approaches to the architectural, transportation, and attitudinal barriers confronting handicapped individuals. Authorizes appropriations of $1,000,000 for fiscal year 1973; $1,250,000 for fiscal year 1974; and $1,500,000 for fiscal year 1975 to carry out the duties and functions of the Board.
United States · United States Congress · 9 January 1973
Provides that in the determination of the annual income of recipients of vetetans' pensions and dependency and indemnity compensation the Administrator of Veterans' Affairs shall not reduce the amount of such pension or compensation because of increases in monthly social security benefits under Public law 92-336. (Adds 38 U.S.C. 415(g)(4) 503(d))
United States · United States Congress · 6 January 1973
Public Service Employment Act - Directs the Secretary of Labor to enter into arrangements with eligible applicants in order to make financial assistance available for the purposes of providing, during each of the fiscal years 1974 and 1975, employment for five hundred thousand unemployed and underemployed persons in jobs providing needed public services. Requires at least eighty-five percent of the funds appropriated pursuant to this Act to be expended only for wages and employment benefits. Provides that programs assisted under this Act shall be designed with a view toward: (1) developing new careers; (2) providing opportunities for career advancement; (3) providing opportunities for continued training, including on the job training; or (4) providing transitional public service employment which will enable the individuals so employed to move into public or private employment. Requires applications for financial assistance for a public service employment program under this Act to include provisions enumerated in this Act. Directs that the amounts authorized to be appropriated for any fiscal year be allocated by the Secretary among the States on the basis of the proportion which the total number of unemployed persons in each such State bears to the total number of such persons in the United States, determined on the basis of the monthly average for the fourth calendar quarter of the fiscal year immediately preceding the one for which the apportionment is made. States that the Secretary shall not provide financial assistance for any program or activity under this Act unless he determines that specified goals and requirements will be met by such program or activity. Requires the Secretary to transmit to the Congress at least annually a detailed report setting forth the activities conducted under this Act. Authorizes to be appropriated during each of fiscal years 1974 and 1975 such sums as may be necessary to carry out the provisions of this Act.
United States · United States Congress · 3 January 1973
Establishes an executive department to be known as the Department of Health. Provides for a Secretary of Health, an Under Secretary, 7 Assistant Secretaries, and a Chief Medical Officer, all of whom shall be appointed by the President with the advice and consent of the Senate. Transfers to the Secretary all functions of the Secretary of Health, Education and Welfare under specified Federal laws. Transfers various functions of the Secretary of HEW in regard to the Public Health Service. Redesignates the Department of Health, Education, and Welfare as the Department of Education and Welfare. Authorizes the Secretary of Health to appoint and fix the compensation of such officers and employees as are necessary to carry out his functions. Transfers to the Secretary the personnel, property, and authorizations of the Acts and functions listed in this Act. Authorizes the Secretary to establish a working capital fund for expenses necessary for the maintenance and operation of common administrative services and equipment. Authorizes the Secretary to provide for certain services and supplies for employees and their dependents stationed at remote localities. Provides that the Secretary shall appoint such advisory committees as appropriate for consultation with the Department in the performance of its functions. Authorizes the Secretary to enter into contracts with educational institutions and public or private agencies for research into problems related to authorized programs. Establishes the National Advisory Commission on Health Planning to be composed of 19 members, which shall conduct a study of the programs of the Department, and shall submit a comprehensive report of its findings and legislative and administrative recommendations to the President, the Secretary, and the Congress. Provides that the Commission shall also conduct a detailed study of the current and future health needs of the United States, and issue a national health plan for health needs over the next ten years. Authorizes expenditures by the Commission not to exceed $5,000,000. Requires the Secretary to make a report in writing to the President for submission to the Congress on the activities of the Department during the preceding fiscal year. Continues all rules, contracts, and privileges effective under any Act previously listed, until suspended. Provides that this Act shall not affect any proceedings pending at the time of enactment. Makes the provisions of this Act effective 90 days after enactment.
United States · United States Congress · 3 January 1973
Tax Reform Act - Title I: Capital Gains of Individuals and Corporations - Eliminates the twenty-five percent capital gain rate on the first $50,000 of an individual's capital gains. Increases to thirty-five percent (thirty percent in the case of a taxable year beginning after December 31, 1970, and before July 1, 1973) the alternative rate of taxation on capital gains for corporations. Title II: Gain on Certain Property Transferred at Death or by Gift - Provides that in the case of the death of a taxpayer there shall be included in computing taxable income for the taxable period in which falls the date of his death, the gains and losses which would be taken into account if the taxpayer has sold all property, which is considered to have been acquired from or to have passed from the decedent taxpayer, at a selling price equal to its fair market value at death. Makes exceptions to this provision for household or personal items whose total value is less than $2000, and for property which passes or was passed to a surviving spouse. Sets forth rules applicable in determining the the basis for computing gain or loss. Makes provisions and rules for including gains and losses on lifetime property gifts in computing taxable income for the taxable period in which the transfer was made. Requires the filing of a final income tax return for a decendent by April 15 of the year following the taxable year, or 9 months after the date of death, whichever is later. Makes provisions for extension of time for the paying of tax. Title III: Depreciation Revision - Eliminates the provision permitting a variance from any class life for depreciation allowance purposes of up to 20 percent of such life. Title IV: State and Local Bonds - Allows a State or local government to elect to issue obligations without excluding their interest from gross income. Authorizes necessary appropriations to pay a fixed percentage of interest yield on taxable issues, and sets forth procedures for such payment. Title V: Foreign Corporations - Provides that if a foreign corporation is a controlled foreign corporation for an uninterrupted period of 30 days or more during any taxable year, every United States shareholder of such corporation who owns stock in such corporation on the last day in such year or which such corporation is a controlled foreign corporation, shall include in its gross income for its taxable year its pro rata share of the corporation's anyyyyyyy and profits for such year. Excludes from such shareholder's gross income any previously taxed earnings or profits from a foreign corporation. Provides that such shareholders in foreign corporations may be required to maintain records and accounts for purposes of this Act. Makes conforming amendments for this section. Title VI: Income Derived From Extraction of Oil and Gas - Reduces to fifteen percent the depletion rate for oil and gas wells (presently twenty-two percent). Eliminates the granting of an option to deduct as expenses intangible drilling and development costs in the case of oil and gas wells. Title VII: Farm Losses - Provides that, in the case of a taxpayer engaged in the business of farming, the deductions attributable to such business which would be allowable for the taxable year shall not exceed the sum of: (1) the adjusted farm gross income for the taxable year, and (2) the higher of the amount of the special deductions allowable for the taxable year, or $15,000 ($7,500 in the case of a married individual filing a separate return), reduced by the amount by which the taxpayer's adjusted gross income (taxable income in the case of a corporation) for the taxable year attributable to all sources other than the business of farming exceeds $15,000 ($7,500 in the case of a married individual filing a separate return). Provides for a disallowable farm operating loss carryback to each of the three taxable years preceding the loss year and a disallowed farm loss carryover to each of the five taxable years following the loss year. Defines the various terms of this title. States that a taxpayer shall be treated as engaged in the business of farming for any taxable year if: (1) any deduction is allowable for any expense paid or incurred by the taxpayer with respect to farming, or with respect to any farm property held by the taxpayer, or (2) any deduction would otherwise be allowable to the taxpayer for any expense paid or incurred with respect to farming, or with respect to property held for the production of income, which is used in farming. Excludes the raising of timber from the definition of farming. Establishes a formula limiting the amount of deduction, regarding the business of farming, to a controlled group of corporations. Directs that, under regulations prescribed by the Secretary or his delegate, an electing small business corporation which is engaged in the business of farming during its taxable year, and the shareholders of such corporation, shall apply the provisions of the Internal Revenue Code dealing with certain corporation payments to shareholders separately with respect to: (1) income derived from the business of farming by such corporation and deductions attributable to such business, and (2) all other income and deductions of such corporation. Title VIII: Minimum Tax for Tax Preferences - Imposes for each taxable year, with respect to the income of every person, a tax equal to 20 percent (previously 10 percent) of the amount by which the sum of the items of tax preference exceeds $12,000. Repeals the provision allowing tax carry-overs for 7 taxable years for excess taxes.
United States · United States Congress · 3 January 1973
Imposes on the taxable income of every individual, other than an estate and trust, a tax determined in accordance with the table set forth in the Internal Revenue Code. Allows a married individual who does not make a single return jointly with his spouse to allocate amounts received for services performed by that spouse into the account by the spouse who performed the services and not into the account by the other spouse. (Amends 26 U.S.C. 1, 2)
![Official portrait of Rep. Carney, Charles J. [D-OH-19]](https://www.congress.gov/img/member/c000164_200.jpg)