United States · United States Congress · 28 January 1981
Amends the Clean Air Act to prohibit the Administrator of the Environmental Protection Agency from requiring that State implementation plans for meeting the national primary ambient air quality standard provide for periodic inspection and testing of motor vehicles before January 1, 1986. Authorizes the Administrator to require separate testing of each new motor vehicle for compliance with emission standards before sale by the manufacturer.
United States · United States Congress · 28 January 1981
Amends rule X of the Rules of the House of Representatives to establish the Committee on Internal Security with jurisdiction over communist, terrorist, and other subversive activities. Removes such jurisdiction from the Judiciary Committee. Transfers to the Internal Security Committee all of its property under the control of the Judiciary Committee or any other government agency.
United States · United States Congress · 27 January 1981
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to increase the amount of outside earnings permitted each year without any deduction from OASDI benefits by an amount equal to the total of all State and local real property taxes which an individual pays during a taxable year.
United States · United States Congress · 22 January 1981
Capital Cost Recovery Act of 1981 - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Permits calculation of the investment tax credit for such property without regard to the useful life of the property. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits a taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year.
United States · United States Congress · 22 January 1981
Provides that interest on indebtedness incurred to purchase obligations the interest on which is tax-exempt shall be treated, for tax purposes, in accordance with rules in effect before the issuance of Revenue Procedure 80-55.
United States · United States Congress · 19 January 1981
Family Enterprise Estate and Gift Tax Equity Act - Amends the Internal Revenue Code to increase the unified credit against the estate and gift taxes from $47,000 to $155,800 by specified annual increments through 1985. Increases from $175,000 to $500,000, by specified annual increments through 1985, the minimum gross estate requirement for filing of a return. Repeals the existing limitations on the marital deduction for gift and estate taxes. Increases from $3,000 to $6,000 the annual gift tax exclusion. Qualifies estates of decedents who were disabled or retired for the special valuation of certain farms based on use if such decedents materially participated in the operation of the farm for five out of eight years preceding the year in which they became disabled or eligible for disability benefits, under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act. Permits the spouse of a decedent to use such valuation if the spouse has managed the farm or business for ten years preceding the decedent's death or takes over active management upon the decedent's death. Qualifies the owner of a woodland for the special use valuation if the owner or a member of the owner's family actively managed the property for ten years prior to the owner's death. Reduces from 15 to ten years the length of time a qualified property must be held and put to a qualified use following the decedent's death before it can be disposed of without incurring a recapture of estate tax benefits. Permits active management rather than material participation as a test for qualification of the estate for spouses, children under 21, students, and disabled individuals who receive property from a decedent who qualified for special use valuation. Repeals the $500,000 limitation on the reduction of the value of qualified real property permitted by the special use valuation. Allows the like kind exchange of property without loss of special use valuation eligibility. Allows valuation based on net crop share rentals as an alternative method of valuing farms. Repeals the requirement that an heir elect special treatment for involuntary conversions of qualified real property, thus making such treatment automatic upon such conversion. States that gifts made within three years of a decedent's death shall be valued as of the time of transfer rather than as of the date of death. Authorizes an individual to elect to pay a gift tax rather than use the unified tax credit. Modifies the alternate extension of time for payment of the estate tax where the estate consists largely of an interest in a closely held business to: (1) allow an installment payment election if the value of the interest in the closely held business is either 35 percent of the value of the gross estate or 50 percent of the taxable estate; (2) increase to 50 percent the value of an interest disposed of which will accelerate the payment of tax; and (3) permit payment, but with a penalty, of an installment within six months after the due date. Allows a disclaimer of an interest in property for estate tax purposes in specified circumstances where such disclaimer does not result in the passing of the interest concerned under the applicable State law.
United States · United States Congress · 19 January 1981
Establishes a Joint Select Committee on Defense Readiness and Mobilization Capability to investigate and report on defense readiness and mobilization capability, including an analysis of: (1) the kind and extent of threats to the national defense; and (2) the quality and quantity of manpower, material, transportation, budgetary, and programmatic resources needed at present and able to be mobilized in the future. Sets forth the requirements for appointment to the joint select committee.
United States · United States Congress · 9 January 1981
Amends the Immigration and Nationality Act to allow preference visas to be given to an alien who: (1) requests such treatment; (2) was born after 1950 in Korea, Vietnam, Laos, or Thailand; (3) was fathered by an American serviceman; and (4) provides a guarantee of financial support. Stipulates that such guarantee must: (1) be signed by a citizen or lawful permanent resident who is at least 21 years old; and (2) provide that such signing sponsor will provide necessary financial support for five years. Allows the Attorney General to enforce such guarantee against the sponsor in a civil suit unless such sponsor dies or is adjudicated bankrupt.
United States · United States Congress · 5 January 1981
Small Business and Family Farm Preservation Act of 1981 - Amends the Internal Revenue Code to increase the unified credit against estate and gift taxes from $47,000 to $155,800. Increases the amount of the annual gift tax exclusion from $3,000 to $6,000.
United States · United States Congress · 5 January 1981
Campuses for the Elderly Act - Directs the Secretary of Housing and Urban Development to: (1) solicit and review plans for the development of campus-style residential and health care projects for the elderly; and (2) make interest subsidy payments to developers of such projects. Authorizes appropriations necessary to make such interest subsidy payments. Amends the National Housing Act to authorize the Secretary to insure and to make commitments to insure mortgages on properties being developed under this Act. Requires a report to the Congress evaluating projects developed under this Act by a committee of Congressional members, representatives of the medical profession, and administrators of health-care facilities. Authorizes appropriations for such committee.
United States · United States Congress · 5 January 1981
Establishes a presumption of service-connected disability caused by exposure to a phenoxy herbicide (Agent Orange) for veterans who served in Southeast Asia during the Vietnam era. Waives the one-year limitation on claims for compensation for such disabilities.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to permit taxpayers who do not itemize income tax deductions to claim a deduction from gross income for charitable contributions.
United States · United States Congress · 5 January 1981
Anti-Inflation Tax Act of 1981 - Amends the Internal Revenue Code to require annual cost of living adjustments, based on the Consumer Price Index, to individual income tax rates, the personal tax exemption, withholding requirements, and minimum income tax return amounts.
United States · United States Congress · 5 January 1981
Amends the Omnibus Crime Control Act of 1970 to revise and increase the mandatory penalties for using or carrying a firearm during commission of a Federal felony. Defines such offense as using a firearm to commit a felony over which the district courts have exclusive jurisdiction or carrying a firearm during such a felony involving violence. Deletes the requirement that the firearm be carried "illegally." Increases the additional penalty imposed for such offense from one to ten years' imprisonment to five to ten years' imprisonment for a first offender and from two to 25 years to ten years to life imprisonment for a second or subsequent offender. Extends to first offenders the directions, currently applicable only to second offenders, that the court not suspend any sentence or grant probation and that the additional sentence not run concurrently with any term of imprisonment imposed for the offense itself. Makes a first offender ineligible for parole for five years and a second or subsequent offender ineligible for ten years. Expresses the sense of Congress that the executive prosecute vigorously such offenses.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to allow a deduction for cash and other personal property contributions to a parents' and students' savings account (PASS) created or organized exclusively for the purpose of paying the educational expenses of the taxpayer or the taxpayer's child. Limits the amount of such deduction to $1,500 per year, adjusted for inflation. Limits eligibility for such deduction to dependent's of the taxpayer, to individuals who have not attained age 21, full-time students at eligible educational institutions of higher learning or vocational schools, members of the Armed Forces on active duty, volunteers in the Peace Corps, or full-time volunteers with certain other organizations. Excludes distributions from such an account from the gross income of the payee so long as such distributions are used to defray the beneficiary's tuition, fees, books and supplies, and reasonable living expenses. Specifies sanctions for the use of account funds for other than such educational purposes. Requires the beneficiary of a PASS account to maintain certain records and file certain documents with the Secretary of the Treasury.
United States · United States Congress · 5 January 1981
Constitutional Amendment - Prohibits the total appropriations of Congress from exceeding estimated revenues. Authorizes the suspension of such prohibition in time of war or national emergency. Prohibits any increase in the national debt as it exists on the date this article is ratified. Sets forth a schedule for repayment of the national debt.
United States · United States Congress · 5 January 1981
Constitutional Amendment - Prohibits a Federal court from requiring that a person be assigned to, or excluded from, a school on the basis of race, religion, or national origin.
United States · United States Congress · 1 December 1980
Grants immigrant visas to certain Italian nationals and their dependents who were victims of earthquakes which occurred in Italy on or about November 23, 1980. States that such visa shall not be chargeable against the numerical limitations imposed under the Immigration and Nationality Act.
United States · United States Congress · 12 November 1980
Designates the laboratory known as the Brookhaven Laboratory in Upton, New York, as the John W. Wydler National Laboratory, effective on January 3, 1981.
United States · United States Congress · 2 October 1980
Expresses the sense of Congress that the United States Postal Service should not increase the number of digits of the zip code until: (1) the Service and the Congress have fully examined the costs, social consequences, and technical issues associated with such action; and (2) the Service has fully examined other means of improving productivity in the sorting of mail.
United States · United States Congress · 4 September 1980
Establishes the United States Holocaust Memorial Council which shall: (1) provide and encourage appropriate ways for the Nation to observe the Days of Remembrance to commemorate the holocaust; (2) plan, erect, and oversee the operation of a memorial museum to the victims of the holocaust; and (3) develop a plan for carrying out the recommendations of the report submitted to the President on September 27, 1979, by the President's Commission on the Holocaust. Authorizes the Council to receive public land in the District of Columbia on which it may erect the memorial. Terminates the Council's authority to construct a memorial if the erection of the memorial has not commenced within five years of enactment of this Act and sufficient funds to ensure completion of the memorial have not been certified to be available. Authorizes appropriations to carry out this Act.
United States · United States Congress · 20 August 1980
Expresses the sense of the Congress that aliens who engage in unlawful or disorderly activities in the United States should be promptly deported in accordance with provisions of the Immigration and Nationality Act.
United States · United States Congress · 30 July 1980
Nuclear Safety Research, Development, and Demonstration Act of 1980 - Directs the Secretary of Energy to establish a research, development, and demonstration program for instituting practical improvements in the safety of nuclear powerplants during the next five years. Sets forth the goals of such program, including: (1) the development of cost-effective improvements in the generic design and operation of nuclear powerplants; (2) the identification of aptitude, training, and manning levels which are necessary to assure reliable operator performance; and (3) the analysis of nuclear powerplant fuels, components, and subsystems which offer significant improvements in plant safety. Directs the Secretary to coordinate such activities with those of other Government agencies, foreign governments, and industry. Requires the Secretary to: (1) make recommendations to minimize the complexity of nuclear powerplant systems and operations; (2) use federally owned research facilities and personnel, to the extent feasible; and (3) fully disseminate information concerning projects and activities conducted under this Act. Directs the Secretary to prepare an annual comprehensive program management plan for the conduct of such activities.
United States · United States Congress · 24 July 1980
Designates specified lands in the Fire Island national seashore, New York, as the Otis Pike Fire Island High Dune Wilderness. Declares that such wilderness designation shall not: (1) restrict vehicular traffic on lands seaward of the toe of the dune beyond restrictions in effect in the remainder of the seashore area; (2) interfere with present maintenance practices for public utility cables within the wilderness area; or (3) preclude the repair of breaches that occur either in the wilderness area or in the remainder of the Fire Island National Seashore. Authorizes the Suffolk County Department of Health to use such resources as it deems necessary to eliminate mosquito infestation on the Fire Island National Seashore, Williams Floyd estate, Wetheim Estate, or the Peters-Webster Estate. Specifies that such wilderness designation shall not preclude maintenance of the boardwalk and other existing facilities in the vicinity of the Old Inlet. Specfies that any decision by the Federal Government to return Fire Island National Seashore to State and/or local governments shall terminate the wilderness status created by this Act.
United States · United States Congress · 22 July 1980
Directs the President to furnish the House of Representatives with information concerning White House and Justice Department actions with regard to Billy Carter's involvement with Libya.
United States · United States Congress · 2 July 1980
Expresses the sense of the Congress that U.S. foreign policy should reflect a national strategy of peace through strength with specified principles and goals.
United States · United States Congress · 1 July 1980
National Ground water Environmental Research Act of 1980 - Title I: Ground Water Research and Planning - Directs the President to establish a Commission on Ground Water Research to develop guidelines and coordinate research by the States on identification of major freshwater aquifers in the United States and the extent of ground water pollution. Directs the Commission to make grants to States to conduct the freshwater aquifer research program. Requires the Commission to develop a comprehensive research plan for the prevention of ground water pollution. Authorizes the Commission to provide Federal, State, and local governments with technical advice on the protection of ground water from pollution. Directs the Commission to submit to Congress an annual report with recommendations for legislation on the protection of ground water from pollution. Title II: Institute for Research on Drinking Water Technology - Establishes an Institute for Research on Drinking Water Technology to conduct research and development on purification of drinking water. Stipulates that the Institute shall not conduct research on the health effects of drinking water. Sets forth the authorities of the Institute. Establishes an initial board of directors composed of Federal, State, and local officials and private water supply utilities officials appointed by the President. Authorizes the Institute to: (1) make research and development grants to institutions of higher education; (2) work with other agencies, institutions, and States in carrying out its functions under this title; and (3) assess and collect voluntary contributions from participating water supply agencies. Prohibits the Institute from engaging in lobbying activities. Sets forth the criteria for the operation of the Institute, including: (1) a location at or near a related laboratory or university; (2) establishment of a program for visiting researchers, postdoctoral fellows, and other scholars; and (3) the requirement that the bulk of the Institute's programs be conducted directly by the Institute and not be contract. Directs the Institute to: (1) develop new drinking water treatment and monitoring technologies; (2) improve existing drinking water treatment and monitoring technologies; (3) cooperate with research programs conducted under Title I of this Act and by participating water supply agencies; (4) publish archival and review articles; and (5) publish an annual progress report. Directs the Institute to establish a technology transfer program with water supply agencies. Requires the Institute to publish the results of a formal evaluation of such program.
United States · United States Congress · 19 June 1980
Saturday Mail Delivery Act of 1980 - Requires the Postal Service to maintain the frequency of mail delivery service in effect on June 1, 1980 (six days each week).
United States · United States Congress · 10 June 1980
Expresses the sense of the Senate that the President instruct the Attorney General to prosecute all persons who violate the Logan Act and the executive order prohibiting travel to Iran, thereby giving color of right to illegal actions by the Government of Iran.
United States · United States Congress · 9 June 1980
Extends the congratulations of the Congress to the Order of the Sons of Italy in America for their 75th anniversary. Proclaims Sunday, June 22, 1980, as "National Italian-American Day."
United States · United States Congress · 4 June 1980
Authorizes the President to present a gold-plated medal, on behalf of the Congress, to those athletes selected through the Olympic trial process to be members of the United States Summer Olympic Team of 1980. Directs the Secretary of the Treasury to cause to be stricken 650 such medals with suitable emblems. Declares that such medals are national medals and that funds to carry out this Act shall be made available under the Amateur Sports Act of 1978.
United States · United States Congress · 30 May 1980
Ocean Thermal Energy Conversion Research and Development Act - Directs the Secretary of Energy to prepare a comprehensive program management plan of research, development, and demonstration of ocean thermal energy conversion (OTEC) systems. Directs the President to submit to Congress annually the most recent revision of the plan giving justification for any changes. Directs the Secretary to initiate research or accelerate existing research in areas in which the lack of knowledge limits development of OTEC in order to achieve the purposes of this Act. Authorizes the Secretary to initiate a program to design, construct, and operate well instrumental OTEC facilities of sufficient size to demonstrate the technical feasibility of utilizing the various forms of OTEC to displace nonrenewable fuels. Directs the Secretary to conduct evaluations, arrange for tests, and disseminate information to support such design efforts. Provides for the competitive selection of at least two independent parallel pilot demonstration projects. Establishes goals for the demonstration program which shall include: (1) the demonstration of OTEC technical feasibility through multiple pilot demonstration plants with a combined capacity of at least 50 megawatts of electrical capacity or energy product equivalent by 1987; (2) the delivery of baseload electricity to utilities located on land or the production of commercially attractive quantities of energy products; and (3) the continuous operation of each pilot demonstration facility for a sufficient period of time to collect and analyze system performance and reliability data. Directs the Secretary to prepare a comprehensive technology application and market development plan that will permit the realization of the national goal set forth in this Act of 2,500 megawatts of electrical capacity or energy product equivalent from OTEC systems by 2000. Directs the Secretary to set priorities consistent with several criteria including: (1) the realization of competitive energy costs for OTEC; (2) private cost-sharing; and (3) the promotion of OTEC in areas vulnerable to interruptions in the supply of fossil fuel. Establishes the OTEC Advisory Committee to advise and report to the Secretary. Requires the Committee to meet at least four times annually until the demonstration goals are met. Authorizes appropriations for operating expenses for fiscal year 1982. Authorizes appropriations for the conceptual and preliminary design of demonstration plants with a combined capacity of at least 50 megawatts electrical or energy product equivalent.
United States · United States Congress · 29 May 1980
Extends the congratulations of the House of Representatives to members of the 1980 handicapped Olympic team and recognizes specified organizations for their efforts in producing the second winter Olympics for the physically handicapped.
United States · United States Congress · 13 May 1980
Prohibits the Postal Service from decreasing the frequency of mail delivery service below the frequency in effect for the calendar week beginning April 7, 1980.
United States · United States Congress · 12 May 1980
Authorizes and requests the President to present, on behalf of the Congress, a national medal to each athlete selected to be a member of the 1980 United States Olympic Team to the Olympic Games. Directs the Secretary of the Treasury to cause to be struck such medals in bronze with gold plating, and with such emblems as shall be determined by the Secretary in consultation with the United States Olympic Committee. Authorizes the Secretary to strike duplicates and replicas of such medal in bronze for sale to the general public.
United States · United States Congress · 1 May 1980
Urban Jobs and Enterprise Zone Act of 1980 - Title I: Designation of Private Jobs and Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of private jobs and enterprise zones by local governments, subject to the approval of the Secretary of Commerce, for purposes of extending the tax incentives provided by title II of this Act to employers and employees within designated zones. Specifies that the Secretary may only approve the designation of such zones if: (1) the area is within the jurisdiction of the designating local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000; and (4) the area meets specified unemployment and poverty requirements. Requires designating local governments, as a condition of the Secretary's approval, to effect a permanent real property tax reduction in their respective jurisdictions, which is not less than 20 percent of the current effective rate. Expresses the sense of the Congress that in the case of any application for designation of an area in a private jobs and enterprise zone as a foreign trade zone: (1) the Foreign-Trade Zone Board should expedite the application process; (2) the Board, in evaluating such application, should consider not only the current economic conditions within the zone, but also future development to be expected as a result of the incentives provided by this Act; and (3) the Board should provide technical assistance to the applicants. Title II: Tax Incentives - Amends the Internal Revenue Code to reduce social security payroll taxes in designated private jobs and enterprise zones. Reduces the rate of tax on the capital gains of individuals and corporations in such zones. Exempts gain from the sale or exchange of property used in a business in a private jobs and enterprise zone from the computation of the minimum tax. Reduces the rate of tax on the income of corporations whose workforce comprises at least 50 percent of individuals working in a private jobs and enterprise zone (qualifying businesses). Authorizes accelerated depreciation for qualifying businesses (straight line method based on a three year useful life). Limits the basis for depreciation to $500,000. Permits qualifying businesses to elect to use a cash method of accounting if their gross receipts do not exceed $1,500,000 in any prior taxable year. Allows a ten year carryover of net operating losses for qualifying businesses. Title III: Effective Dates - Specifies effective dates for provisions of this Act which apply to income tax and for provisions which apply to social security payroll taxes.
United States · United States Congress · 15 April 1980
American Fisheries Promotion Act - Title I: Research and Development Regarding United States Fisheries - Directs that funds transferred by the Secretary of Agriculture to the Secretary of Commerce from duties collected under custom laws on fishery products shall be maintained in a separate fund and used by the Secretary of Commerce to: (1) provide financial assistance for the purpose of carrying out fisheries development projects approved under this Act; and (2) implement the national fisheries research and development program as set forth by this Act. Directs the Secretary of Commerce to make grants from such fund to assist persons in carrying out research and development fishery projects, including, but not limited to, harvesting, processing, marketing, and associated infrastructures. Subjects each such grant to such terms and conditions as the Secretary may require to protect the interests of the United States. Requires the Secretary to carry out a national program of research and development addressed to United States fisheries, if not adequately covered by projects assisted by grants made pursuant to this Act. Requires the Secretary, not later than 60 days before the close of each fiscal year, to submit to specified Congressional committees a report containing: (1) the fisheries development goals and funding priorities for the next fiscal year; (2) the status of each pending project; and (3) an analysis and evaluation of all projects assisted under this Act. Specifies, with respect to any fiscal year, that not less than 75 percent of the moneys transferred to the fund and such existing fund moneys carried over into that fiscal year shall be used by the Secretary to provide financial assistance for projects and the remainder of such moneys shall be used to implement the national fisheries research and development program. Requires the Secretary to award a grant for or carry out pursuant to the national fisheries research and development program: (1) a project to establish and operate a system (in which participation must be voluntary) to grade the quality of fish landed at a United States port; or (2) a project to improve fuel efficiency in carrying out fishing operations within a United States fishery. Directs the Secretary of Commerce to appoint not fewer than six officers who shall, with the concurrence of the Secretary of State, serve abroad to promote United States fishing interests. Requires the Secretary of State, upon the request of the Secretary of Commerce, to officially assign the officers to the diplomatic mission of the United States in the country in which such officers are placed, and to obtain for them diplomatic privileges and immunities. Title II: Amendments to the Merchant Marine Act, 1936 - Extends provisions of the Merchant Marine Act of 1936 which govern a capital construction fund for vessels built in the United States to govern such a fund for fishing vessels built in, and fishing facilities located in, a Commonwealth, territory, possession, or State of the United States. Authorizes the Secretary: (1) to guarantee the payment of obligations for financing or refinancing the construction, reconstruction, or reconditioning of fishery facilities capable of being used for priority development fisheries; and (2) to apply an economic soundness test with respect to guarantees of obligations for fishing vessels or facilities designed for use in such priority fisheries which is less stringent than the test applicable to other obligation guarantees under such Act. Directs the Secretary to establish within the Federal Ship Financing Fund three subfunds to contain moneys for obligation guarantees for: (1) fishing vessels and facilities meeting the more stringent test; (2) high risk fishing vessels and facilities meeting the less stringent test; and (3) vessels other than fishing vessels. Declares that during the period beginning on the date of the enactment of this Act and ending at the close of September 30, 1982, the Secretary of Commerce may make loans from the fisheries loan fund only for the purpose of assisting obligors to avoid default on obligations that are issued with respect to the construction, reconstruction, reconditioning or purchase of fishing vessels. Title III: Amendments to the Fishery Conservation and Management Act of 1976 - Amends the Fishery Conservation and Management Act of 1976 to provide for a reduction of the total allowable level of foreign fishing, if any, with respect to any United States fishery for each of the harvesting seasons 1981, 1982, 1983, and 1984. Declares that the total allowable level of foreign fishing permitted within any United States fishery during any harvesting season after the 1984 harvesting season is zero, except if the Secretary of Commerce determines that such reduction will result in a substantial surplus of fish stocks within the fishery and that such surplus will not be harvested by vessels of the United States during such harvesting season. Specifies that a recommendation by the Secretary that such reduction be deferred or continued with respect to any harvesting season shall take effect only if: (1) a report containing the recommendation is received by Congress not later than 90 days before the opening day of the respective harvesting season; and (2) neither House of Congress, within the 60 day period beginning on the day on which the report is received by Congress, adopts a disapproval resolution. Requires the owner or operator of any foreign fishing vessel for which a permit is issued pursuant to the Fishery Conservation and Management Act of 1976 to pay an additional fee equal to ten percent of the ex vessel price of the catch harvested under such permit. Requires the Secretary of Commerce to establish a program under which a United States observer will be stationed aboard each foreign fishing vessel while that vessel is within the fishery conservation zone and is: (1) engaging in fishing; (2) accepting United States harvested fish through transfer at sea; (3) cruising to and from a location at which any such fishing or transfer will transpire; or (4) taking highly migratory species. Requires such observers, while aboard foreign fishing vessels, to carry out such scientific and other functions as the Secretary deems necessary to carry out the purposes of this Act. Directs the Secretary to impose, with respect to each foreign fishing vessel, a surcharge in an amount sufficient to cover all costs of providing a United States observer aboard that vessel. Establishes, in the Treasury of the United States, the Foreign Fishing Observer Fund in which the Secretary shall deposit all surcharges collected.
United States · United States Congress · 1 April 1980
Proclaims October 19, 1981, a national day of celebration as the two hundredth anniversary of the victory of General George Washington at Yorktown, Virginia.
United States · United States Congress · 26 March 1980
National Usury Act - Establishes the legal rate of interest at ten percent per year. Provides that, except with respect to loans of less than $2,500 made by petty loan companies or credit unions: (1) any agreement to charge interest in excess of ten percent per year on a loan of more than $300 is void as to the excess interest which may be recovered by the borrower; and (2) any partial payment on a debt must be first applied to the interest due. Prohibits the defense of usury in any action to recover on a debt. States that insurance premiums required to be paid under a secured loan agreement shall not be considered interest if the premiums do not exceed those charged under similar policies unrelated to loans. Sets forth provisions governing the application of the legal rate of interest to judgments. Requires any person engaged in the business of financing loans on personal property sold by dealers to purchasers on credit to pay interest at five percent per year on any reserve withheld from the dealer under the contract for financing. States that any amount so withheld shall be due immediately upon the close of the loan account. Requires that dealers receive biannual reports on the status of their reserve accounts. Establishes a fine for violation of such provisions on dealer financing. Requires the board of directors of any institution which deals in bills of exchange to fix the rates of exchange. Requires such rates to be publicly posted. Prohibits any officer of such an institution from deviating from the posted rate of exchange. Sets forth provisions governing secured and unsecured installment loans given by banks, trust companies, and combined banks and trust companies.
![Official portrait of Rep. Carney, William [R-NY-1]](https://www.congress.gov/img/member/c000165_200.jpg)