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Official portrait of Rep. Collins, James M. [R-TX-3]

Rep. Collins, James M. [R-TX-3]

United States · Official source

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1,235 records where Rep. Collins, James M. [R-TX-3] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 13931 (94th)referred

Administrative Rule Making Reform Act

United States · United States Congress · 20 May 1976

Administrative Rule Making Reform Act - Requires a Federal agency preparing to hold a rule making session to make a reasonable effort to inform those likely to be affected by the proposed rule making. Requires that if the affected group is large, representatives of such group must be notified. Requires, in addition to present requirements, that the notice of rule making include the projected effective date of the rules, the purpose of the rule making, the text of the proposed rules, and the technical or other studies on which the agency intends to rely in the rule making proceedings. Applies the requirements of this Act to all rule making sessions except (1) those specifically authorized to be kept secret in the interest of national security, and (2) those relating to agency management. Requires public notice and public opportunity for comment of all rule making proceedings under this Act unless the agency finds that the rules to be proposed are emergency rules or are of routine or insignificant impact in which case the rule must be published with reasons for its adoption. Requires Federal agencies to give interested persons at least 45 days to participate in the rule making. Requires the agency to maintain a file of each proceeding to be made available to the courts, Congress, and to the public in connection with review of the rule. Limits the period for public comment to a maximum of 90 days. Requires a copy of all proposed rules to be sent to Congress. States that such rule, other than an emergency rule, shall not become effective if it is disapproved within 90 days by both Houses of Congress, or it is disapproved within 60 days by one House and no action is taken on the disapproval resolution by the other House. Provides that either House of Congress may, by resolution, require any agency to reconsider and resubmit any rule to which this Act applies. Requires that such proposed rule be repromulgated anew in accordance with all the provisions of this Act unless it is reconsidered and resubmitted to Congress within 180 days after the adoption of the resolution requiring such reconsideration. Sets forth procedures for adoption of resolutions to approve, disapprove, or compel reconsideration for both Houses. Requires the Administrative Conference of the United States to study Congressional review of agency rule making under this Act and report the effect of such review on such rule making before July 1, 1982. Authorizes to be appropriated $200,000 to finance such study. Makes this Act effective on the first day of the first session of the Ninety-fifth Congress. Terminates the Congressional review required by this Act at the adjournment of the Ninety-seventh Congress.

Bill· HRH.R. 13600 (94th)referred

A bill to amend title 38, United States Code, to authorize expenditures by the Administrator of Veterans' Affairs for repair of certain dwellings.

United States · United States Congress · 6 May 1976

Authorizes the Administrator of Veterans' Affairs to make expenditures to correct serious structural defects in dwellings securing loans guaranteed or insured by the Administrator if the defect is one that existed on the date of issuance of the loan and is one that a proper inspection could reasonably be expected to disclose (presently, the dwellings must have been actually inspected by either the VA or FHA during construction). (Amends 38 U.S.C. 1827(a)).

Bill· HJRESH.J.Res. 941 (94th)referred

Joint resolution to clarify and reaffirm Government purchasing policies.

United States · United States Congress · 6 May 1976

Expresses the general policy of the United States Government to rely upon private commercial sources for the goods and services required to meet Government needs, and that this policy be administered by the Office of Federal Procurement Policy.

Bill· HRH.R. 13485 (94th)referred

Voting Rights Act Repealer Amendments Act

United States · United States Congress · 30 April 1976

Voting Rights Act Repealer Amendments Act - Amends the Voting Rights Act of 1965 to repeal the prohibitions against voting qualifications, prerequisites, tests, or devices which abridge the right of a citizen to vote who is a member of a language minority. Repeals the requirement that States and other political subdivisions make available registration and voting materials, and voting assistance in languages other than English in areas where (1) more than five percent of the citizens belong to a single language minority, and (2) the illiteracy rate of such minority exceeds the national rate.

Bill· HRH.R. 13249 (94th)referred

A bill to reduce unemployment by providing that unemployment insurance funds may be used pursuant to State laws establishing programs for payments to employers who hire the unemployed.

United States · United States Congress · 13 April 1976

Provides, under the Internal Revenue Code, that unemployment insurance funds may be used for payments to employers of otherwise unemployed individuals. Requires that each State establish a plan for such payments, which includes specific requirements that the employer will pay the unemployed individual wages comparable to the amount paid to other individuals doing the same work, and that no payment will be made for any position for a period of longer than one year. Stipulates that the State law establishing an approved plan shall require from prospective employers information for qualification purposes. Defines "otherwise unemployed individual" as meaning an individual who, but for his employment, would be eligible to receive compensation under State law.

Bill· HRH.R. 13137 (94th)referred

Voting Rights Act Repealer Amendments Act

United States · United States Congress · 8 April 1976

Voting Rights Act Repealer Amendments Act - Amends the Voting Rights Act of 1965 to repeal the prohibitions against voting qualifications, prerequisites, tests, or devices which abridge the right of a citizen to vote who is a member of a language minority. Repeals the requirement that States and other political subdivisions make available registration and voting materials, and voting assistance in languages other than English in areas where (1) more than five percent of the citizens belong to a single language minority, and (2) the illiteracy rate of such minority exceeds the national rate.

Bill· HJRESH.J.Res. 917 (94th)referred

Joint resolution authorizing and requesting the President to issue a proclamation designating the 7 calendar days commencing on April 30 of each year as National Beta Sigma Phi Week.

United States · United States Congress · 8 April 1976

Authorizes the President to issue annually a proclamation designating the seven-day period commencing on April 30 of each year as "National Beta Sigma Phi Week," to recognize the National Beta Sigma Phi Sorority and its social, cultural, and service programs.

Bill· HRH.R. 12823 (94th)referred

Consumer Cost Evaluation Act

United States · United States Congress · 25 March 1976

Consumer Cost Evaluation Act - Provides for a determination of costs to consumers of any proposed Federal legislation or regulation that may have a significant impact on costs to consumers. Requires that any proposed Federal legislation or regulation must be found to provide benefits to consumers or the public that bear a reasonable relationship to such costs. Requires that every agency of the Federal Government shall prepare, in conjunction with every applicable proposal it makes for legislation or a regulation, a draft consumer cost assessment and upon consultation with other Federal agencies, a final consumer cost assessment. Provides that the cost assessment must allow for public comment. Limits the requirements with respect to the preparation of draft and final consumer cost assessments to proposals for legislation or regulation other than those involving a military or foreign affairs function of the United States or relating to agency management or personnel or public property. Provides that under specified emergency situations the proposed regulation may be published and final action taken on the regulation without compliance with the cost assessment requirements of this Act. Requires that under such circumstances, the agency involved must meet specified alternative requirements. Directs the President to establish guidelines for the preparation of draft and final consumer cost assessments within 90 days after enactment of this Act. Provides for the review of existing regulations. Directs that if a substantial disparity is found between the consumer costs and benefits of such regulations, the agency shall propose amendments to the regulation to eliminate the disparity. Applies the requirement of cost assessment to committees of Congress dealing with proposed legislation that may have a significant impact on costs to consumers. States that guidelines for the preparation of cost assessments by committees of Congress shall be established by the Congressional Office of the Budget.

Bill· HRH.R. 12152 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence.

United States · United States Congress · 26 February 1976

Amends the Internal Revenue Code to allow taxpayers of any age to exclude from gross income gain from the sale or exchange of property if during the eight year period preceding the sale or exchange, such property has been owned and used as the taxpayer's principal residence for periods aggregating five years or more. Allows a surviving spouse to tack on the holding and use periods of the decedent spouse without regard to whether such decedent spouse had made an election to exclude gain from a prior sale or exchange.

Bill· HRH.R. 12089 (94th)referred

A bill to amend title 37, United States Code, so as to extend from 1 to 3 years the period that a member of the uniformed services has following his retirement to select his home for purposes of travel and transportation allowances under such title.

United States · United States Congress · 25 February 1976

Extends from one to three years the period that a member of the uniformed services has following his retirement to select his home for purposes of travel and transportation allowances. (Amends 37 U.S.C. 404(c) and 406(g)).

Bill· HRH.R. 11981 (94th)referred

A bill to repeal the Presidential Primary Matching Payment Account Act.

United States · United States Congress · 19 February 1976

Repeals the Presidential Primary Matching Payment Account Act. Prohibits the Secretary of the Treasury from transferring any amounts of money to any candidate seeking nomination for election to the office of President after the enactment of this Act.

Bill· HRH.R. 11878 (94th)referred

A bill to amend title 18 of the United States Code to provide the death penalty for certain destructive acts to airports, airplanes, and related things and places.

United States · United States Congress · 11 February 1976

Institutes the death penalty for specified destructive acts to airports, airplanes, and related things and places where death of any person results. Prescribes a fine of not more than $100,000, or imprisonment for any term of years, or both, where no death results. (Amends 18 U.S.C. 32)

Bill· HRH.R. 11771 (94th)referred

A bill to reduce and limit U.S. contributions to the United Nations.

United States · United States Congress · 9 February 1976

Limits United States contributions to the United Nations to an amount bearing the same ratio to total budget of the United Nations and its affiliated agencies as the vote of the United States in the United Nations General Assembly bears to the total number of member states in the United Nations General Assembly.

Bill· HRH.R. 11750 (94th)referred

A bill to revise the pay structure of executive positions in the U.S. Postal Service.

United States · United States Congress · 5 February 1976

Prohibits the compensation of any officer or employee of the United States Postal Service, with specified exceptions, at a rate in excess of the maximum rate of basic pay for GS-18 of the General Schedule. Sets maximum compensation for those officers excepted based upon Executive Schedule pay levels. Details guidelines regarding the continuation of those salaries which would otherwise be reduced by the enactment of this Act.

Bill· HRH.R. 11703 (94th)referred

Consumer Cost Evaluation Act

United States · United States Congress · 4 February 1976

Consumer Cost Evaluation Act - Provides for a determination of costs to consumers of any proposed Federal legislation or regulation that may have a significant impact on costs to consumers. Requires that any proposed Federal legislation or regulation must be found to provide benefits to consumers or the public that bear a reasonable relationship to such costs. Requires that every agency of the Federal Government shall prepare, in conjunction with every applicable proposal it makes for legislation or a regulation, a draft consumer cost assessment and upon consultation with other Federal agencies, a final consumer cost assessment. Provides that the cost assessment must allow for public comment. Limits the requirements with respect to the preparation of draft and final consumer cost assessments to proposals for legislation or regulation other than those involving a military or foreign affairs function of the United States or relating to agency management or personnel or public property. Provides that under specified emergency situations the proposed regulation may be published and final action taken on the regulation without compliance with the cost assessment requirements of this Act. Requires that under such circumstances, the agency involved must meet specified alternative requirements. Directs the President to establish guidelines for the preparation of draft and final consumer cost assessments within 90 days after enactment of this Act. Provides for the review of existing regulations. Directs that if a substantial disparity is found between the consumer costs and benefits of such regulations, the agency shall propose amendments to the regulation to eliminate the disparity. Applies the requirement of cost assessment to committees of Congress dealing with proposed legislation that may have a significant impact on costs to consumers. States that guidelines for the preparation of cost assessments by committees of Congress shall be established by the Congressional Office of the Budget.

Bill· HRH.R. 11636 (94th)referred

A bill to extend from February 1, 1976, to October 1, 1977, the period during which payment may be made for certain child day care services under titles IV and XX of the Social Security Act without regard to certain new staffing standards imposed by or under such title XX.

United States · United States Congress · 2 February 1976

Extends from February 1, 1976, to October 1, 1977, the period during which payment may be made for child day care services under titles IV (Aid to Families With Dependent Children) and XX (Grants to States for Services) of the Social Security Act without regard to new staffing standards imposed by or under title XX.

Bill· HRH.R. 11470 (94th)referred

A bill to provide for the personal safety of those persons engaged in furthering the foreign intelligence operations of the United States.

United States · United States Congress · 22 January 1976

Imposes a fine of not more than $10,000 and/or imprisonment of not more than ten years for disclosure of (1) the association of any individual or entity with the foreign intelligence operation of the United States, or (2) the identity of such individual where such disclosure may prejudice the safety of such individual.

Bill· HRH.R. 11094 (94th)referred

Occupational Safety and Health Reform Act

United States · United States Congress · 10 December 1975

Occupational Safety and Health Reform Act - Makes it the purpose of this Act to improve the administration of the Occupational Safety and Health Act and to provide for regulatory procedures related to such administration. States that the Secretary of Health, Education, and Welfare shall not propose any rule promulgating a new occupational health or safety standard before he: (1) has, as part of each such proposal, reviewed and published in the Federal Register the financial impact of such proposed standard; and (2) has determined with due regard for that impact that the benefit to be derived from such standard justifies such proposal. Provides that no standard adopted or promulgated shall require any employer to phase out, change, or replace existing equipment or facilities before the normal useful life of that equipment or facility has expired unless failure to so phase out, change, or replace that equipment or facility prematurely would result in a serious violation. Directs the Secretary to prescribe, as soon as practicable after the date of enactment of this Act, as part of each existing standard adopted under the Occupational Safety and Health Act: (1) the estimated average and maximum cost per unit to the average employer who is subject to that standard for compliance with the conditions, practices, means, methods, operation, or process used or proposed to be used by that employer under that standard; and (2) the period within which it is, in fact, possible for such employers to meet such standard including, but not limited to, availability of required devices, and possibility of performance of required procedures. Sets forth requirements with respect to notifying an employer of violations of the requirements prescribed pursuant to this Act. States that any employer who has been found to be not in compliance with any rule or standard adopted or promulgated under this Act shall not receive a notice for such violation if he is able to show: (1) that implementing such rule or standard would not materially affect the safety or health of his employees in the facility inspected; (2) that he has employed alternative procedures to protect his employees from the hazards contemplated by the rule or standard which are as effective in protecting the safety and health of his employees; or (3) that he has furnished adequate notice and exerted all reasonable efforts, pursuant to such regulations as the Secretary may prescribe, to obtain the compliance of his employee, that such violation was attributable to such employees, and that he could not otherwise have reasonably prevented such violation. Sets forth procedures for enforcement of these regulations. Authorizes the Secretary to enter into compliance agreements with an employer believed to be in violation of an occupational safety and health standard promulgated pursuant to such Act under which enforcement and penalty provisions are waived or deferred upon condition that the employer will voluntarily comply with the applicable standard upon such terms and conditions as the Secretary determines appropriate under the circumstances. States that failure of an employer to abide by such an agreement may be taken into account in resulting enforcement and penalty procedures. Directs the Secretary to provide technical advice, assistance, and consultation to employers with less than 100 employees whenever it is necessary to assist them in complying with applicable standards.

Bill· HRH.R. 11026 (94th)referred

Regulatory Reform Act

United States · United States Congress · 8 December 1975

Regulatory Reform Act - Provides that before any rule promulgated by any Federal agency can become effective, it must be submitted to the Congress for approval. Requires that an economic impact statement accompany such submission. Authorizes agencies to make rules which impose a penalty upon an employer of an employee who violates any rule or regulation in effect against such employer. States that no agency may require an applicant or a party to an agency proceeding to provide such agency with information or documents which have been previously furnished to such agency or which are not directly relevant to such application or proceeding. Entitles the applicant for any license to reimbursement by such agency for the complete costs of such party's application if such agency has not made a final determination in the licensing proceeding within six months of the date of announcement of the intention of any such proceeding.

Bill· HRH.R. 10978 (94th)referred

A bill to amend the Congressional Budget Act of 1974 to establish in the Congress a zero-base budgeting process, with full congressional review of each Federal program at least once every 6 years.

United States · United States Congress · 3 December 1975

Establishes, under the Congressional Budget Act, a zero-base budgeting process. States that such process shall consist of requiring each Congressional committee responsible for reporting legislation authorizing appropriations for any Federal program to conduct a comprehensive review and study of such program at least once every six years as though it were being proposed to be enacted for the first time. Provides that such comprehensive reviews shall include consideration of (1) alternative funding levels, (2) probable costs and benefits, (3) whether the original program objectives are still relevant, (4) the impact of the program on the functions and freedom of the private sector of the economy, and (5) the feasibility of alternative programs. Authorizes the Committees on the Budget of the House of Representatives and the Senate to establish guidelines and standards for the conduct by the various committees of the House and Senate of their zero-based budgeting functions. Makes technical and conforming amendments to the Congressional Budgeting Act.

Bill· HRH.R. 10885 (94th)referred

A bill to suspend U.S. participation in the activities of the United Nations General Assembly until the Congress approves renewal of such participation and to cut off all U.S. payments in support of the General Assembly.

United States · United States Congress · 20 November 1975

Provides for the suspension of United States participation in the activities of the United Nations General Assembly until the Congress, by concurrent resolution, approves renewal of such participation. Directs the President to reduce United States payments in support of the United Nations by the amount he determines would be used to support the General Assembly.

Bill· HRH.R. 10847 (94th)referred

A bill to reduce payments to the United Nations and its affiliated agencies.

United States · United States Congress · 20 November 1975

Stipulates that as of October 1, 1976, no appropriation is authorized and no payment shall be made to the United Nations in excess of the amount arrived at by the division of the total assessment of such organization by the number of its member states which make up the United Nations General Assembly.

Bill· HRH.R. 10856 (94th)referred

Truth in Government Accounting Act

United States · United States Congress · 20 November 1975

Truth in Government Accounting Act - Requires that the United States Government prepare and make public annual consolidated financial statements utilizing the accrual method of accounting.

Bill· HRH.R. 10848 (94th)referred

A bill to allow private parties to sue the Consumer Product Safety Commission for torts it commits against them.

United States · United States Congress · 20 November 1975

Authorizes suits against the United States Government by private parties where the basis of such a suit is misrepresentation, deceit, or the exercise or performance of failure to exercise or perform a discretionary function or duty on the part of the Consumer Product Safety Commission or of any employee of such Commission, if such exercise, performance or failure is determined, as a matter of law, to be unreasonable with respect to the discretionary function or duty involved. (Amends 28 U.S.C. 2680 (a))

Bill· HRH.R. 10577 (94th)referred

A bill to amend the Congressional Budget Act of 1974 to require that the first congressional budget resolution each year fix ceilings on budget outlays and new budget authority which must be met for the coming fiscal year (instead of only setting forth flexible targets as under present law) and include 3-year budget projections, and to prohibit the consideration of any measure to the House or Senate if its enactment would result in total budget outlays or total budget authority in excess of the ceiling in effect under the most recently adopted congressional budget resolution.

United States · United States Congress · 5 November 1975

Requires, under the Congressional Budget Act, that the first congressional budget resolution each year fix ceilings on budget outlays and new budget authority which must be met for the coming fiscal year (instead of only setting forth flexible targets as under present law) and include three-year budget projections. Prohibits the consideration of any measure in the House or Senate if its enactment would result in total budget outlays or total budget authority in excess of the ceiling in effect under the most recently adopted congressional budget resolution.

Bill· HRH.R. 10491 (94th)referred

A bill to provide that the rates of pay for Members of Congress shall be the rates in effect on September 30, 1975, until such time as they are fixed otherwise by law.

United States · United States Congress · 31 October 1975

Provides that the rates of pay for Members of Congress and the Vice President shall be the rates in effect on September 30, 1975, until such time as they are fixed otherwise by law. Removes from the responsibilities of the Commission on Executive Legislative and Judicial Salaries a review of the rates of pay of Senators, Members of the House of Representatives and the Resident Commissioner from Puerto Rico.

Bill· HRH.R. 10470 (94th)referred

Student Aid Abuse Act

United States · United States Congress · 30 October 1975

Student Aid Abuse Act - Provides that any person who receives funds under the provisions of this Act for the making of grants or loans as provided in this Act shall be deemed a custodian of public funds and shall not disburse or otherwise use any of such funds for any purpose other than as expressly authorized by the provisions of this Act. Provides criminal penalties for: (1) payment to any student of any amount as a loan or grant under this Act except by check to the student or to an institution of higher education, or both, and no such check shall be negotiated unless personally endorsed by such student; (2) deceiving or defrauding any student attending or intending to attend an institution of higher education with regard to: (A) benefits which may be available under any Federal student aid or loan or loan guarantee program; or (B) tuition and fees for which Federal student aid or loans or loan guarantees are available or rights to refunds of such tuitions and fees; (3) knowingly and willfully making or causing to be made any false statement or representation of a material fact in any application for any guaranteed student assistance loan, or in any application requesting interest or special allowance payment by a lender for any guaranteed student assistance loan. Provides that any student enrolled in the programs of any educational organization or institution operated for profit who receives a Federal student assistance grant or loan, and who withdraws from such programs, shall be entitled to a pro rata refund of tuition and fees, and any such refund shall first be applied to reduction of such student's obligations under Federal student loan programs.

Bill· HRH.R. 10418 (94th)referred

A bill to amend section 901(a) of the Education Amendments of 1972.

United States · United States Congress · 29 October 1975

Stipulates that provisions of the Education Amendments of 1972 relating to discrimination based on sex shall not apply with respect to any scholarship or other financial assistance awarded to an individual by an institution of higher education as a result of a pageant, program, contest, or competition in which participation is limited to individuals of one sex only and the award is based, in whole or in part, upon the personal achievement, poise, or talent of such individual.

Bill· HRH.R. 10354 (94th)referred

National Food Stamp Reform Act

United States · United States Congress · 23 October 1975

National Food Stamp Reform Act - Defines "household" under the Food Stamp Act as meaning a group of individuals who are sharing common living quarters, but who are not residents of an institution or boarding house, and who have access to cooking facilities and for whom food is customarily purchased in common. Provides that the Secretary of Agriculture may not approve any plan which permits any household to simultaneously participate in both the food stamp program and the distribution of federally donated foods. Requires the Secretary to establish uniform national standards of eligibility for participation by households in the food stamp program. States that the income standards of eligibility shall be the income poverty guidelines prescribed by the Office of Management and Budget adjusted pursuant to the Economic Opportunity Act. Directs the Secretary to prescribe additional standards of eligibility which shall include, but not be limited to, the amounts of liquid and nonliquid assets. Provides that household income for purposes of the food stamp program shall be the gross income of the household less: (1) a standard deduction of $100 a month applicable to all households; (2) an additional deduction of $25 a month for any household in which there at least one member who is age sixty-five or older. Limits eligibility to participate in the food stamp program to citizens and aliens lawfully admitted for permanent residency. States that no individual shall be considered eligible for the food stamp program as a member of a household if he is: (1) over 18; (2) is enrolled at an institution of higher education; and (3) is a dependent child for income tax purposes of a taxpayer who is not a member of an eligible household. Prohibits households which transfer liquid or nonliquid assets for the purpose of qualifying for the food stamp program from becoming eligible for at least a ninety-day period. Requires the Secretary to issue photo identification cards to households certified eligible to participate in the program. States that households shall be charged thirty percent of their income for the coupon allotment issued to them. Provides that if a State agency does not comply with the provisions of the Food Stamp Act, the Secretary may refer the matter to the Attorney General with a request for an injunction, or he may direct that there be no further inssuance of coupons in the political subdivisions where such failure has occurred until such time as satisfactory corrective action has been taken. Directs the Secretary to pay to each State agency out of funds appropriated by Congress an amount equal to 75 percent of all direct costs of State food stamp program investigations, prosecutions, and State activities related to recovering losses sustained in the food stamp program. Provides for a civil money penalty of up to $10,000 for each violation of the Food Stamp Act.

Bill· HRH.R. 10109 (94th)referred

Postal Service Reorganization Act

United States · United States Congress · 8 October 1975

Postal Service Reorganization Act - Abolishes the Postal Rate Commission which sets postal rates and establishes classes of mail. Authorizes the Postal Service to make one change in postal rates and fees during any fiscal year, such change to be no greater than the percentage increase in the Consumer Price Index during the preceding year. Sets forth procedures for congressional approval of such increase. Provides that a rate increase greater than the increase in the Index may be implemented if not disapproved by the Committee on Post Office and Civil Service of the House or Senate. Requires that any change in mail classification be approved by such committees. Requires that the General Accounting Office transmit a report to each House of Congress reviewing the operation of amendments made by this Act.

Bill· HRH.R. 10015 (94th)referred

Jobs Creation Act

United States · United States Congress · 3 October 1975

Jobs Creation Act - Allows an exclusion from gross income of qualified additional savings and investments made during a tax year. Provides for an exclusion of up to $1,000 or $2,000 for a married couple filing a joint return. Excludes dividends paid by domestic corporations from corporate gross income. Grants a $1,000 exclusion from capital gains for each capital transaction qualified. Allows an extension of time for payment of estate taxes where the estate consists largely of small business interests. Increases the estate tax exemption for family farming operations to $200,000. Increases the corporate surtax exemption, including provisions for reduced taxes for small business, to give an effective corporate income tax reduction in the range of 6 percent. Increases the investment tax credit to 15 percent and makes it permanent. Allows taxable year price-level adjustments in property and allows increases in class life variances for purposes of depreciation - the latter increasing the asset depreciation range (ADR) from a factor of 20 to a factor of 40 with respect to asset life. Provides for a complete amortization in 1 year of required but nonproductive pollution control facilities and equipment.

Bill· HRH.R. 9982 (94th)referred

A bill to provide for the phased decontrol of crude oil prices, to provide for a gradual transition from mandatory price and allocation controls, to amend the Emergency Petroleum Allocation Act of 1973, as amended, to provide for a deregulation tax, and for other purposes.

United States · United States Congress · 2 October 1975

Title I: Oil Pricing Act - Extends the authority of the President to promulgate regulations providing for the mandatory allocation of crude oil, residual fuel oil and refined petroleum products until January 31, 1979. Requires such regulations to provide for a primary ceiling price for controlled old crude oil not to exceed the ceiling price for controlled old crude oil pursuant to the regulation in effect on August 31, 1975, and for a secondary ceiling price for all crude oil other than controlled old crude oil. States that if the President finds at any time after November 1, 1975, that there is no shortage of a particular oil or product, and that exempting such product from regulation will not have an adverse effect on the supply of any other oil or refined petroleum products, he may exempt such item from regulations pertaining to either allocation of amounts or specifications of price. Title II: Oil Deregulation Tax Act - Imposes an excise tax under the Internal Revenue Code on the deregulation profits from taxable domestic crude oil removed from the premises during each taxable period, in an amount equal to 90 percent of the deregulation profit from each taxable barrel of crude oil removed. Allows a tax credit for persons subject to such tax in an amount equal to the lower of 50 percent of the amount of tax imposed for such taxable period or such person's plowback investment for such taxable period. Requires the purchaser of domestic crude oil to furnish to the person liable for such tax a monthly statement showing specified information, including: (1) the amount of domestic crude oil purchased from such person during such month, and (2) the amount of taxable domestic crude oil purchased from such person during such month. Establishes criminal penalties for willful failure to furnish required information regarding the deregulation profits tax on domestic crude oil.

Bill· HRH.R. 9888 (94th)referred

Natural Gas Supply Act

United States · United States Congress · 29 September 1975

Natural Gas Supply Act - Title I: States that it is the purpose of this Act to authorize the President or his delegate, the Federal Power Commission, and the Federal Energy Administration to deal with existing and imminent shortages and dislocations of natural gas in the national distribution system which jeopardize the public health, safety, and welfare; to provide protection of natural gas service to customers who use natural gas for high priority end uses during periods of curtailed deliveries by natural gas companies; and to assure increased supplies of natural gas at reasonable prices. Title II: - Interstate Pipeline Emergency Natural Gas Purchases Act - Grants the Federal Power Commission authority to allow interstate pipeline companies with insufficient natural gas for their high priority consumers of natural gas to acquire natural gas from intrastate sources and other interstate pipeline companies on an emergency basis free from the provisions of the Natural Gas Act. Title III: - Curtailed Consumers Emergency Natural Gas Purchasers Act - Allows curtailed high priority consumers of natural gas to purchase natural gas from the intrastate market by enabling them to arrange for the transportation of such gas by regulated interstate pipeline companies. Title IV: Emergency Energy Supply and Environmental Coordination Act Amendments - Provides authority to the Federal Energy Administrator to prohibit the use of natural gas when petroleum products or coal can be substituted by powerplants and major fuel burning installations. Title V: - Propane Standby Allocation Act - Provides standby authority for the President to allocate propane during periods of actual or threatened severe shortages of natural gas. Title VI: - States that termination of the authorities granted under this Act shall not affect any action or pending proceedings, civil or criminal, not finally determined on such date, nor any action or proceeding based upon any act committed prior to such date. Title VII: - States that the Commission shall have no power to disallow, in whole or in part, in the rates and charges made, demanded, or received by any natural gas company the amounts paid for new natural gas, except that in any case where a natural gas company purchases natural gas from an affiliate or produces natural gas from its own properties, the Commission may disallow any portion of the cost thereof in the rate or charge made by such company which is in excess of current prices paid to nonaffiliates for comparable sales of new natural gas.