United States · United States Congress · 5 January 1981
Capital Investment Incentive Act of 1980 - Amends the Internal Revenue Code to increase from 60 percent to 70 percent the noncorporate capital gains deduction from gross income. Reduces from 28 percent to 21 percent the corporate alternative minimum tax rate on capital gains.
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
Declares the sense of Congress that the Constitution of the United States does not preclude the use of, and that public school authorities should recognize the value of, discretionary periods of silence for silent prayer, meditation, contemplation, or introspection in the public schools.
United States · United States Congress · 22 August 1980
Financial Integrity Act of 1980 - Amends the Accounting and Auditing Act of 1950 to require the head of each executive agency to prepare and transmit to the President an annual report on the adequacy of the agency's systems of internal auditing and administrative control. Directs the Comptroller General of the United States: (1) in consultation with the Director of the Office of Management and Budget, to establish a method of reporting and a general framework to guide the agencies in evaluating their systems of internal accounting and administrative control, and to modify such method or framework as necessary; and (2) to define internal accounting and administrative controls to provide assurances that: (a) obligations and costs were in compliance with applicable law; (b) funds, property, and other assets were safeguarded against waste, loss, unauthorized use, or misappropriation; and (c) agency revenues and expenditures were properly accounted for and recorded. Requires any inadequacy in the agency's systems which prevents the systems from achieving such assurances to be identified, and a plan for correcting such an inadequacy to be described in detail. Requires the Inspector General or the head of the internal audit staff of each agency to receive and investigate any allegation that an agency employee provided false or misleading information in connection with an evaluation or report concerning the agency's accounting or control systems. Directs the head of an agency to take action against such an employee as necessary.
United States · United States Congress · 20 August 1980
Sets forth procedures for the replacement of a Presidential or Vice Presidential candidate who dies or is disqualified when, under the Constitution, the President and Vice President are to be selected by the House of Representatives and the Senate, respectively. Declares that a Presidential candidate who dies or is disqualified shall be replaced by the person who received a majority of votes for Vice President from electors who voted for such Presidential candidate. Requires such person to designate a new Vice Presidential candidate. Requires a Vice Presidential candidate who dies or is disqualified to be replaced by a person to be designated by the individual who received a majority of votes for President from electors who voted for such Vice Presidential candidate. Directs individuals specified by the national committee of a political party to designate the person to replace a Presidential and Vice Presidential candidate if both candidates die or are disqualified. States that a candidate is disqualified if the candidate: (1) refuses to accept the office involved; or (2) is determined to be constitutionally ineligible for the office involved.
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 · 2 July 1980
Estate and Gift Tax Act of 1980 - Amends the Internal Revenue Code to: (1) increase from $47,000 to $155,800 the unified credit against the estate and gift tax; and (2) increase from $3,000 to $6,000 the gift tax exclusion.
United States · United States Congress · 25 June 1980
Tax Reduction - Job Creation Act - Title I: Individual Tax Rates - Amends the Internal Revenue Code to reduce income tax rates for each category of individual taxpayers. Title II: Incentives for New Plant and Equipment - 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. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. 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 taxpayers 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 · 18 June 1980
Prohibits the receipts and disbursements of the Airport and Airway Trust Fund and any amount in such Trust Fund from being included in the totals of the budget of the United States Government. Exempts such receipts, disbursements, and amounts from any general limitations imposed on budget outlays of the United States.
United States · United States Congress · 17 June 1980
Amends the Internal Revenue Code to provide that accruals of benefits or forfeitures in a tax- qualified deferred compensation plan, which would otherwise be deemed discriminatory against certain classes of employees, will not be considered to have taken place if: (1) the total present values of such nonforfeitable benefits attributable to employee-officers or shareholders is less than the total present values of nonforfeitable benefits of all other employees; (2) employee-officers or shareholders having nonforfeitable benefits constitute a reasonable cross section of plan participants; or (3) the deferred compensation plan provides that an employee who has completed at least four years of service has a nonforfeitable right to a specified percentage of the accrued benefit derived from employer contributions.
United States · United States Congress · 10 June 1980
Expresses the sense of the House of Representatives that neither the Secretary of Transportation nor the Administrator of the Federal Aviation Administration shall take any actions which would reduce public air service into Washington National Airport.
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 · 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 · 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 · 17 March 1980
Amends the Food Stamp Act of 1977 to reduce the value of the allotment received by a household containing members who have available to them meals provided under the national school lunch program.
United States · United States Congress · 12 March 1980
Requires that each State establish and maintain an approved workfare program as a condition of its eligibility for Federal payments or other assistance under the: (1) program of aid to families with dependent children under the Social Security Act; (2) food stamp program under the Food Stamp Act of 1977; and (3) public housing and assisted housing programs under the United States Housing Act of 1937. Requires that such State workfare program shall require every State resident applying for or receiving aid under such Federal public assistance program to perform work in return for (and as a condition of his or her eligibility for) such aid. Directs the appropriate Federal agencies to promulgate guidelines for approval, supervision, and oversight of such State workfare programs. Exempts from required participation in such programs those who are: (1) under age 18 or over age 65; (2) disabled; (3) regularly employed for at least 40 hours a week; or (4) primarily responsible for the care of a child less than three years old (or for the care of a child more than two but less than six years old if suitable child care is not available at reasonable cost). Requires that each State workfare program must provide that if any individual who is required to participate in such program refuses to accept a bona fide offer of qualified employment or to perform qualified employment, in any month, neither such individual nor any other person in the family or household of which such individual is a member shall be eligible to receive any aid under such Federal public assistance programs for that month. Requires that State workfare programs include provision for job counseling, assistance in obtaining employment outside the program, and job search activities. Provides for: (1) Federal matching funds to cover administrative costs of such State programs; (2) Federal cut-offs of funds to State agencies for failure to comply with this Act; and (3) Federal agency reports to Congress on such State programs. Authorizes appropriations to carry out this Act.
United States · United States Congress · 11 March 1980
Amends the Agricultural Act of 1949 to direct the Secretary of Agriculture to establish a land diversion payment program for the 1980 crop of feed grains to divert from production 12,000,000 metric tons of such grains. Requires, as a condition of eligibility for such payments, that feed grain producers devote to approved conservation uses not less than 15 percent of their 1980 crop planted acreage. Set forth a formula for determining the amount of such payments. Sets payment rates, for purposes of such formula, at not less than $1.25 per bushel for corn and at a fair and reasonable rate in relation to such corn rate, as determined by the Secretary, for all other feed grains. Directs the Secretary to establish a land diversion payment program for the 1980 crop of wheat to divert from production 4,000,000 metric tons of wheat. Requires, as a condition of eligibility for such payments, that wheat producers devote to approved conservation uses not less than ten percent of their 1980 crop planted acreage. Sets forth a formula for determining the amount of such payments. Sets payment rates, for purposes of such formula, at not less than $1.50 per bushel. Directs the Secretary to implement and administer a special grazing and hay program for the 1980 crop year. Sets payments rates for the 1980 crop of wheat under such program at not less than $0.50 per bushel.
United States · United States Congress · 5 March 1980
Juvenile Justice Amendments of 1980 - Amends the Juvenile Justice and Delinquency Prevention Act of 1974 to extend through fiscal year 1984 the current level of authorization of appropriations for the Juvenile Justice and Delinquency Prevention Office, Federal assistance for State programs, and the runaway youth grants program. Revises the findings of such Act to declare the need for attention to the problems of alcohol abuse by young people and the commission of serious crimes by juveniles. Modifies the purposes of such Act to include, with respect to the prevention of juvenile delinquency, the policy of strengthening the family unit so that juveniles may be retained in their homes. Revises certain definitions in the Act. Adds new definitions of "secure detention facility," "secure correctional facility," and "serious crime." Places the Office of Juvenile Justice and Delinquency Prevention under the general authority of the Attorney General, instead of the Law Enforcement Assistance Administration (LEAA). Authorizes the Administrator of LEAA to provide training assistance to Federal, State, and local governments with respect to juvenile delinquency programs. Limits the authorization of appropriations for the concentration of Federal efforts with respect to juvenile delinquency programs to 7.5 percent of the total amount appropriated to carry out title II of such Act. Expands the membership of the Coordinating Council on Juvenile Justice and Delinquency Prevention. Provides that the Council shall report its recommendations to Congress and the President, instead of the Attorney General and the President. Directs the Council to review any joint funding proposals undertaken by the Office of Juvenile Justice and Delinquency Prevention and any agency represented on the Council. Directs, rather than allows, the Associate Administrator of the Office to appoint necessary personnel. Limits the authorization of appropriations for the Council to $500,000 per fiscal year. Revises the composition and duties of the National Advisory Committee for Juvenile Justice and Delinquency Prevention. Reduces its size from 21 to 15 members. Changes the maximum age requirement for certain members. Directs the Committee to seek regular input from juveniles currently under the jurisdiction of the juvenile justice system. Decreases the term of members from four to three years. Directs the Advisory Committee to: (1) evaluate Federal juvenile justice policies on a continuing basis; (2) advise the National Institute of Justice with respect to the Institute's juvenile justice policy; (3) refine, and recommend action to facilitate the adoption of, the recommended standards for the administration of juvenile justice currently provided in the Act; and (4) submit interim and annual reports to the President and Congress on the Committee's activities. Limits the authorization of appropriations for the Advisory Committee to $500,000 per fiscal year. Revises the manner in which formula grants for juvenile delinquency programs which are unobligated, are to be reallocated to States. Requires that State plans for receipt of formula grants be applicable to a three-year period, and be amended and evaluated annually. Makes certain revisions with respect to the advisory group which is required under each State plan. Replaces the study of State needs which is currently required to be set forth in the State with new requirements, including: (1) an analysis of juvenile justice needs which specifies the expected objectives of the various programs; (2) an indication of how the programs relate to other similar State programs; and (3) a plan to concentrate State efforts to coordinate all State juvenile delinquency programs. Requires that such State plans provide programs for juveniles who have committed serious crimes and projects to deter involvement in illegal activities. Requires that the "advanced techniques" used to prevent juvenile delinquency include education and special education. Makes certain other changes with respect to such techniques. Allows a State which has met specified conditions to be exempt from reporting requirements with respect to juveniles confined in institutions. Authorizes the Administrator of LEAA to award special emphasis grants for developing statewide programs to: (1) remove juveniles from jails for adults; (2) replicate programs designated exemplary by the National Institute of Justice; and (3) establish standards for the improvement of juvenile justice within the State. Requires that special emphasis assistance be available on an equitable basis to deal with disadvantaged youth. Eliminates the provision allowing formula grant funds to be used to meet the non-federal matching share requirement for other Federal juvenile delinquency program grants. Abolishes the National Institute for Juvenile Justice and Delinquency Prevention within LEAA. Directs the Office of Justice Assistance, Research, and Statistics of LEAA to provide staff support to, and coordinate the activities of, the Office of Juvenile Justice and Delinquency Prevention. Redesignates title III of the Act as "Runaway and Homeless Youth" (currently "Runaway Youth"). Requires that the runaway grants be awarded equitably among the States based on their populations of youth under age 18. Permits grants to be made for a national communications system to assist runaway and homeless youth in communicating with their families and service providers. Authorizes the Secretary of Health and Human Services to provide supplemental grants to runaway centers which develop model programs to assist juveniles who have repeatedly left their homes or other facilities. Requires that priority be given to grants under $150,000 (currently $100,000), and to organizations with demonstrated experience in the area of runaway youth. Extends eligibility for assistance to applicants who provide services for juveniles who have left home without permission or "other homeless youth."
United States · United States Congress · 3 March 1980
Amends the Code of Official Conduct of the House of Representatives to direct that upon commencement of a criminal case against a Member, such Member shall refrain from participation in his committee meetings or votings in the House, until such charges result in dismissal or termination with the Member being found innocent.
United States · United States Congress · 31 January 1980
Amends the Agricultural Act of 1949 to direct the Secretary of Agriculture to establish and announce, not later than March 1, 1980, a land diversion payment program for the 1980 crop of feed grains. Requires, as a condition of eligibility for such payments, that feed grain producers devote to approved conservation uses, not later than July 1, 1980, an amount of cropland equal to 20 percent of their 1980 crop planted acreage. Set forth a formula for determining the amount of such payments. Sets payment rates, for purposes of such formula, at $1.25 per bushel for corn and at a fair and reasonable rate in relation to such corn rate, as determined by the Secretary, for all other feed grains.
United States · United States Congress · 31 January 1980
Amends the Internal Revenue Code to reduce from 70 percent to 50 percent the maximum rate of income tax for individuals. Requires separate computation of personal service income and non-personal service (unearned) income, applying each category to the lowest tax rates initially. Prohibits separate computations in the case of any individual with more than $10,000 in tax-preference items.
United States · United States Congress · 30 January 1980
Amends the Federal Election Campaign Act of 1971 to prohibit any Member of Congress from using funds received as contributions to pay personal expenses.
United States · United States Congress · 24 January 1980
Individual Investors' Incentive Act of 1980 - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit equal to ten percent of the cost of corporate securities purchased by such taxpayer during the taxable year. Limits the dollar amount of such credit to $1,000 ($2,000 for married individuals filing jointly). Requires the recapture of specified amounts of such credit if any securities for which the credit is allowed are disposed of by the taxpayer within one year of their purchase. Disqualifies estates, trusts, and nonresident aliens from eligibility for the credit.
United States · United States Congress · 22 January 1980
Expresses the sense of Congress that: (1) the International Olympic Committee should withdraw the 1980 summer Olympic games from the Soviet Union; and (2) there should be a boycott of such games, if they are not withdrawn and Soviet troops have not been withdrawn from Afghanistan.
United States · United States Congress · 19 December 1979
Medicaid Community Care Act of 1980 - Authorizes a State with a plan approved under title XIX (Medicaid) of the Social Security Act to apply to the Secretary of Health and Human Services (formerly, the Secretary of Health, Education, and Welfare) to have Federal payments for home health care services, nursing services, home health aid services, medical equipment for use in the home, physical therapy, occupational therapy, speech pathology services, endiology services, adult day health services, respite care, short-term full-term nursing care, homemaker services, and nutrition counseling made at a higher rate the the rate for other care and services provided under the State plan. Specifies that the Federal medical assistance percentage for such services and the comprehensive assessments provided for in this Act shall be the lesser of: (1) the Federal medical assistance percentage determined under title XIX plus 25 percent; or (2) 90 percent of the cost of such services and assessments. Requires an application to be accompanied by a community care plan which: (1) provides for a comprehensive assessment of each individual eligible or applying for Medicaid who is likely to need long-term skilled nursing facility or intermediate care facility services; (2) makes available, under title XIX, the care and services for which the higher Federal payment may be made to individuals determined pursuant to a comprehensive assessment to be in need of long-term facility services and for whom such assistance is a feasible alternative to long-term facility services; and (3) coordinates the services provided under this Act with similar services provided under the Older Americans Act of 1965, and under titles XVIII (Medicare) and XX (Grants to States for Services) of the Social Security Act. Requires the Secretary to report to Congress with respect to the program established under this Act. Permits a State, for the purposes of title XIX, to treat a noninstitutionalized individual the same as an individual who is in a long-term care facility if the noninstitutionalized individual meets the income and resources standards for long-term facility residents and has been determined, pursuant to an assessment under this Act, to need long-term facility services.
United States · United States Congress · 14 December 1979
Amends the Older Americans Act of 1965 to provide that area agencies on aging shall have authority to award funds to the providers of home delivered meals for older persons without requiring that such providers also furnish meals to older persons in a congregate setting.
United States · United States Congress · 12 December 1979
Amends the General Education Provisions Act to extend the authorization of appropriations for the National Institute of Education for five fiscal years.
United States · United States Congress · 6 December 1979
Retirement Income Incentives and Administrative Simplification Act of 1979 - Sets forth the findings and policies of this Act, including: (1) the consolidation in a single independent agency of certain administrative, regulatory, and policymaking functions relating to employee benefit plans; (2) the establishment of a national policy to encourage savings to meet the needs of employees and their families in the event of death, disability, or retirement; and (3) the clarification and simplification of certain provisions of the Employee Retirement Income Security Act of 1974 and of the Internal Revenue Code relating to employee benefit plans. Title I: Employee Benefit Administration - Amends the Employee Retirement Income Security Act (ERISA) to direct the President to establish by the beginning of the third calendar year after enactment the Employee Benefit Administration as an independent agency within the executive branch to be headed by a five member Board of Directors. Creates two new positions, entitled "special liaison officer to the Administration," one within the Department of Labor and one within the Department of the Treasury, to serve as directors. Provides that the remaining three directors shall be an Executive Director and two additional members appointed by the President. Transfers to the Administration the authority of the Secretary of Labor granted under ERISA, and functions of the Secretary of the Treasury relating to employee benefit plans. Directs the President to transfer to the Administration additional functions of any Federal agency which is necessary to effectuate the maximum feasible consolidation of administrative and related functions of the Government relating to employee benefit plans. Retains the Pension Benefit Guaranty Corporation within the Administration. Directs the Administration to promulgate regulations providing for the maximum consolidation of all reports respecting employee benefit plans and governmental plans required under ERISA and the Internal Revenue Code. Title II: Deduction by Certain Employees and Their Spouses for Contributions to Retirement Plans - Amends the Internal Revenue Code to permit employees participating in employer pension plans an income tax deduction for contributions to an individual retirement account. Establishes the amount of such deduction at the lesser of 15 percent of an employees' taxable compensation or $1,000. Permits such employees to apportion one-half of the total deductible amount to individual retirement accounts established for the benefit of such employees' spouses. Title III: Amendments to the Employee Retirement Income Security Act of 1974 - Amends the Employee Retirement Income Security Act to direct the Secretary of Labor to prescribe rules applicable to one or more categories under which severance pay arrangements and supplemental retirement income arrangements shall be considered to be welfare plans instead of pension plans. Specifies supplemental retirement income arrangements which are to be considered welfare plans. Authorizes the Secretary to exempt any severance pay or supplemental income arrangement from provisions applicable to welfare plans and to provide alternative methods of compliance with any such provision. Conforms the definitions of "part in interest" and "governmental plan" with the Internal Revenue Code. Revises the definitions of "normal retirement age" and "relative". Requires, rather than allows, accountants to rely on the correctness of any actuarial matter certified by an enrolled actuary. Requires, rather than allows, an enrolled actuary to rely on the correctness of accounting matters to which a qualified public accountant has expressed an opinion for purposes of certification. Allows a pension plan which is held in a trust consisting of the assets of two or more participating plans which are maintained by a single employer or two or more employers all of whom are members of the same controlled group, to elect to include as part of its annual report certain information relating to all of the assets of the trust in lieu of the information currently required respecting the assets of the plan. Modifies the current requirement that a plan administrator furnish to a participant or beneficiary a copy of certain financial statements to direct such administrator to post such statements at the principal work sites of employee participants, along with a statement of the right of employee participants to receive copies of the latest annual report and summary plan description. Directs the Secretary to provide for alternative means by which such information may be adequately communicated to employee participants. Sets a $10 limit on the amount an administrator can charge for a copy of the full annual report. Specifies notice requirements which the Secretary of the Treasury, before issuing an advance determination of whether a pension or other type plan meets the requirements of a qualified plan under the Internal Revenue Code, shall require the person applying for the determination to provide. Allows such applicant to establish to the Secretary that the employees have been adequately notified of the filing of the request for such a determination by other satisfactory means. Revises the information which each administrator of an employee benefit plan must furnish to any plan participant or beneficiary who so requests in writing. Requires in the case of individual account plans that the balance in the account be furnished. Directs each administrator to issue a report informing each plan participant of the nature, amount, and form of the deferred vested benefit to which he is entitled if such participant: (1) separated from the service covered by the plan if such separation resulted in a one-year break in service; (2) is entitled to a deferred vested benefit; and (3) with respect to whom retirement benefits are not paid during the particular plan year and are not scheduled for payment before the end of the 180-day period following the plan year. Requires each employer to maintain records with respect to each of the employees sufficient to determine the benefits which are due, or which may become due, to such employee. Requires pension report information to be provided in computer-compatible form to the public only after a statement has been filed with the Secretary by the person receiving the information which provides that the information will not be used for commercial purposes. Requires, rather than allows, the Secretary to prescribe an alternative method for satisfying certain reporting requirements, under specified circumstances. Sets forth additional alternative methods of compliance with certain reporting requirements. Specifies circumstances in which the administrator of any multiemployer plan shall be considered to have satisfied certain reporting requirements. Revises certain participation and vesting provisions. Permits the determination of pension plan eligibility on a plan-year basis. Allows multiemployer plans to suspend the payment of benefits while an employee is reemployed in the same industry, trade, or craft, and the same geographic area covered by the plan, as when such benefits commenced. Stipulates that the employee notification and election requirement (triggered when vesting schedules are changed), is only applicable to employees who might be adversely affected by the change. Makes 125 days of service in any maritime industry equivalent to 1,000 hours of service. Allows a multiemployer plan to provide that a participant's accrued benefit upon his separation from the service is the sum of the different rates of benefit accrual for different periods of participation as defined by one or more fixed calendar dates or by employment in different bargaining units. Permits the accrued benefit to be determined, for purposes of the three-percent accrual method or the fractional method, by projecting the normal retirement benefit to which a participant would be entitled if he continued to accrue benefits at the average of the rates applicable to this period of actual participation. Provides that a plan offering optional benefit forms shall not be treated as altering a participant's accrued benefits by reason of a change in the actuarial assumptions used to compute such benefits if an enrolled actuary makes an appropriate certification. Defines "seasonal establishment" and "seasonal employee" for the purposes of ERISA. Requires plans in which a majority of employees are seasonal employees to use 500 hours, rather than 1000 hours, for purposes of defining a year of service. Makes certain revisions with respect to joint and survivor annuities. Specifies the circumstances in which pension benefits may be paid to another person pursuant to a State court decree of divorce, annulment, legal separation, or family support. Prescribes certain notification requirements with respect to any such payment. Directs the Secretary to prescribe by regulation methods of determining length of service by an elapsed time measurement. Makes certain revisions with respect to funding, including a requirement that changes in funding method or plan year need be approved only when such changes are made more than once in a three-year period. Makes certain revisions with respect to fiduciary responsibilities. Provides, with respect to a plan funded by a contract or policy of insurance, that the assets of the plan shall include such contract or policy, but shall not include the insurer's general account assets. Allows a collectively bargained plan maintained by more than one employer to return an employer contribution within one year after the plan administrator knows that the contribution was made by mistake of fact or violated the Labor-Management Relations Act ( currently, such contribution must be returned within one year of the payment). Amends the cofiduciary provision to stipulate that, with respect to a fiduciary who is not a natural person, "knowledge" means knowledge actually communicated to an officer or employee of the fiduciary. Stipulates, with respect to qualifying employer real property, that the current requirement that the parcels be dispersed geographically must be met only when three or more parcels are involved. Conforms certain provisions relating to transactions by parties in interest with provisions of the Internal Revenue Code. Makes the exemption procedure relating to prohibited transactions available to persons who are "owner-employees". Establishes a special exemption procedure with respect to certain currently prohibited transactions, by which certain pending exemption applications shall be considered to have been granted where a fiduciary or class of fiduciaries satisfy specified requirements. Makes certain revisions with respect to the indemnification of fiduciaries, including allowing a multiemployer plan to pay the cost of defending plan trustees in certain circumstances and to indemnify them subject to a determination that the trustees acted in good faith. Provides that amounts collected by the Department of Labor from persons requesting information shall inure to the Department. Requires that at least one member of the Advisory Council on Employee Welfare and Pension Benefit Plans be a representative of employers maintaining small plans. Directs the Secretary of Labor to publish at least annually a report showing the number of plans and plan participants, plan assets, and other plan information by type and size. Provides that a State insurance law which requires that a specific benefit be provided by a contract or policy of insurance issued to an employee benefit plan is preempted by ERISA. Limits, in the case in which two or more plans covered under title IV of ERISA are terminated simultaneously be any employer, such employer's liability to 30 percent of net worth. Provides that the amount of such liability shall be reduced by the amount of any payments relating to a previously incurred liability. Directs the Secretary of Labor and the Secretary of the Treasury to conduct jointly a detailed study of: (1) the reporting requirements of ERISA and an analysis of means to improve such requirements to reduce the administrative burdens on employee benefit plans; and (2) means by which certain institutions, such as registered investment advisors, banks, savings and loan associations, and insurance companies, may be enabled to develop master and prototype pension plans for adoption by employers. Title IV: Amendments to the Internal Revenue Code of 1954 - Amends the Internal Revenue Code to conform such Code to the amendments made to ERISA by title III of this Act. Provides that employee participation in a predecessor employer pension plan or other plans of related employers is to be counted toward the eligibility requirements for capital gains treatment and the ten year averaging of lump sum distributions from such plans. Specifies that multiemployer plans established by tax-exempt charitable, labor, agricultural, or horticultural organizations shall be classified as single defined benefit and contribution plans for purposes of the capital gains treatment and ten year averaging of lump sum distributions from such plans. Provides that a separation from service will be deemed to have occurred for purposes of determining eligibility for capital gains tax treatment of lump sum distribution from a multiemployer plan if any employee has not worked in service covered by such a plan for a period of six consecutive months. Permits a taxpayer to roll over a complete distribution from a money purchase plan or report income from such distribution according to the ten year income averaging rules, even if there is no similar distribution from another pension plan of the same employer in which the taxpayer is a participant. Provides for the deductibility of employer contributions to plans which are maintained outside the United States primarily for the benefit of nonresident aliens. Title V: Individual Retirement Payroll Deduction Plans for Employees Not Covered by Pension Plans - Amends ERISA by adding a new title V, "Individual Retirement Payroll Deduction Plans for Employees Not Covered by Pension Plans." Requires a covered employer to have in effect an individual retirement payroll deduction plan for eligible employees. Excludes from such requirement: (1) an employer having fewer than ten eligible employees; and (2) an employer who has conducted a referendum of eligible employees and the number of such employees wanting such a plan is less than the greater of ten or ten percent of the number of eligible employees. Establishes civil penalties for covered employers who fail to deduct an amount from the wages of an eligible employee in accordance with an election under an individual retirement payroll deduction plan. Charges the Employee Benefit Administration with the administration of such plans.
United States · United States Congress · 6 December 1979
Expresses the sense of Congress that the President should establish a Federal strike force and implement a program in each Federal judicial district for the purposes of investigating and prosecuting members of outlaw motorcycle gangs who commit Federal crimes.
United States · United States Congress · 8 November 1979
Infant Formula Act of 1979 - Amends the Federal Food, Drug, and Cosmetic Act to set forth requirements for infant formulas. States that formulas which do not conform to such requirements shall be deemed to adulterated. Requires each manufacturer of an infant formula to annually submit to the Secretary of Health and Human Services (formerly, the Secretary of Health, Education and Welfare) reports or test results which show that the formula meets such requirements. Directs the Secretary to notify the manufacturer if such Secretary determines the formula is adulterated. Requires such manufacturer to give the Secretary satisfactory assurances of initiating a recall to all retail purchasers of such formula within 48 hours of receiving notification of the Secretary's determination. Directs the Secretary to initiate actions for the seizure of such formula should the manufacturer fail to make such assurances. Permits an inspector enforcing the provisions of this Act access to specified test records of the manufacturer at all times. Makes the failure to submit required reports and test results a prohibited act under the Federal Food, Drug, and Cosmetic Act.
United States · United States Congress · 2 November 1979
Federal Personnel and Personal Services Contract Management Act - Prohibits the total number of civilian employees in the executive branch in any fiscal year from exceeding the number of such employees on September 30, 1977. Requires the President to publish in the Federal Register any finding that an increase in such personnel ceiling would service the public interest. Prohibits the amount expended by all executive agencies for personal service contracts during any fiscal year from exceeding the total amount expended by all agencies during fiscal year 1977. Authorizes the President to increase such amount, not to exceed a specified limit, upon publishing a finding that: (1) such increase serves the public interest; (2) an increase is necessary to assure the good administration of the agency; and (3) the contracts involved are not being used to circumvent any personnel ceiling. Precludes an agency from obligating or expending more than 20 percent of the total funds provided to the agency by the Office of Management and Budget (OMB) for such contracts during the last two months of a fiscal year. Declares that no such contract ceiling shall apply during a time of war or a period of national emergency. Requires the Office of Personnel Management (OPM) to submit to Congress annual reports concerning the administration of personnel ceilings and agency contracts for personal services. Requires that such report on contracts specify the number of Federal employees who were separated from the civil service during any period in which a contract for personal services similar to the services performed by such an employee was in effect. Directs the OPM to submit to each House of Congress an annual report which: (1) describes the utilization of temporary employees in each agency during the fiscal year; and (2) recommends ways to enforce personnel ceilings for such employees. Requires the OMB to establish a personnel ceiling and a contract ceiling for each executive agency. Terminates the provisions of this Act on January 31, 1985. Requires certain individuals receiving compensation under personnel service contracts to file financial disclosure reports with the contracting agency. Directs the OPM to implement a system providing annual cash awards to employees for outstanding service, emphasizing responsiveness to public needs at the local level. States that only members of the public may nominate candidates for such awards. Directs an agency to consider performance in administering personnel and contract ceilings and in following contracting procedures when evaluating the performance of senior executives and managers.
United States · United States Congress · 1 November 1979
Nuclear Safety Board Act of 1979 - Establishes the Nuclear Safety Board as an independent executive agency. Provides for presidential appointment of three members of such board, and sets forth provisions relating to terms, compensation, and appointment of officers and support staff. Sets forth the duties of such Board, including: (1) investigation of potentially hazardous events occurring at facilities regulated by the Nuclear Regulatory Commission; (2) analysis of operational data reported to it by such facilities to determine the existence of patterns of events indicating safety problems; (3) conducting nuclear facility safety studies; (4) evaluation of suggestions received from the scientific and industrial community and others on improving nuclear facility safety; (5) recommendation to the Commission of specific measures to minimize the likelihood of events which could affect public health or safety; (6) assessment of the effectiveness of the Commission in monitoring facility operations and in providing safety procedures concerning construction and operation of such facilities; (7) monitoring the Commission's resolution of safety issues; (8) establishment of reporting requirements regarding facility design, construction, and operation, which shall be binding on the Commission, Federal, State, and local nuclear safety agencies, and private parties involved with facility construction or operation; and (9) issuance of periodic reports on nuclear facility safety. Grants the Board specified powers relating to issuance of subpenas, inspection authority, enforcement authority, immunity, obtaining official data, delegation, contracting authority, and appointment of advisory committees. Authorizes the Board to make any information not relating to trade secrets available to the public upon request, with exceptions. Requires the Commission to provide written response to the Board to each recommendation submitted by the Board regarding nuclear safety. Establishes civil penalties for violation of reporting requirements regarding facility design, construction, or operation. Authorizes judicial review of any order issued by the Board under this Act. Requires the Board to submit an annual report to the Congress on the activities conducted by the Board. Terminates the existence of the Board six years after the date of enactment of this Act.
United States · United States Congress · 18 October 1979
Rural Cooperative Business Income Act of 1979 - Amends the Internal Revenue Code to provide that income received by a mutual or cooperative telephone or electric company for services to customers or rural telephone or electric companies, and income received from the rental or sale of communications or power facilities, shall not be subject to the tax on unrelated business income.
United States · United States Congress · 26 September 1979
Amends the Internal Revenue Code with respect to the method of valuing farms for estate tax purposes to provide that if there is no comparable land from which the average annual gross rental may be determined but there is comparable land from which the average net share rental may be determined, then the existing valuation formula shall be applied by substituting "average net share rental" for "average gross cash rental. Defines net share rental as the excess of: (1) the value of the produce received by the lessor under a lease of the land on which such produce is grown, over (2) the cash operating expenses of growing such produce which, under the lease, are paid by the lessor.
United States · United States Congress · 17 September 1979
Amends the Internal Revenue Code to provide that interest earned on a nonnegotiable time deposit certificate which has a maturity of one year or less will not be treated as received or accrued until the earlier of its maturity date or the date on which it is redeemed. Excludes such certificates from classification as a discount instrument of indebtedness.
United States · United States Congress · 6 September 1979
Authorizes and requests the President to designate the week of January 21 through January 27, 1979, as "Junior Achievement Week" in honor of the sixtieth anniversary of Junior Achievement, an organization dedicated to the American enterprise system and service to youth.