United States · United States Congress · 19 August 1982
Amends the Internal Revenue Code to allow an income tax deduction for cash and other personal property contributions to a savings account created or organized exclusively for the purpose of paying the higher or vocational educational expenses of the taxpayer or the taxpayer's spouse, child, grandchild, or ward. Limits the amount of such deduction to $2,000 per year ($2,250 in the case of a joint return). Excludes such accounts from taxation. Excludes distributions from such accounts 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 expenses.
United States · United States Congress · 11 August 1982
Missing Children Act - Authorizes the Attorney General to collect and exchange information which would assist in the identification of unidentified deceased individuals and the location of missing persons, including missing children.
United States · United States Congress · 29 July 1982
Electric Utility Nuclear Accident Cost Allocation Act - Requires electric utilities to pay to the Secretary of the Treasury an annual fee for calendar years 1982 through 1987 for their proprietary share of the electric power level authorized for each of their nuclear electric generating facilities under construction or licensed to operate on or after the enactment of this Act. Prohibits the annual fee imposed upon any single nuclear utility from exceeding $1,600,000. Requires that such utilities certify to the Secretary of Energy their nuclear generating capability for purposes of the collection of such fees. Establishes in the Treasury the TMI-2 Cleanup Trust Fund which shall consist of the fees collected from electric utilities under this Act. Requires the Secretary of Energy to review the cleanup programs for Three Mile Island Nuclear Generating Station Unit No. 2 (TMI-2) in Pennsylvania. Provides for disbursements from the trust fund to defray the costs of the TMI-2 cleanup if the Secretary of Energy determines that such programs are safe, expeditious, cost effective, and consistent with this Act. Requires the Secretary of the Treasury to report annually, from 1983 to 1988, to Congress on the financial condition and operations of the trust fund during the previous fiscal year and during the fiscal year in which the report is made. Requires the Secretary of Energy to review the terms and conditions of the indenture creating the Pennsylvania Trust (a trust which provides for the receipt and disbursement, solely for TMI-2 cleanup purposes, of funds collected by Metropolitan Edison Company, Pennsylvania Electric Company, and other entities electing to provide such funds) in order to determine whether the Pennsylvania Trust may serve as an alternative means for receiving and disbursing funds for the cleanup of TMI-2. Permits electric utilities to elect to pay the annual fee required by this Act to the Pennsylvania Trust if the Secretary of Energy makes a positive determination. Provides for electric utilities making such election, upon proof of their payments to the Pennsylvania Trust, to receive a credit against their obligation under this Act. Requires the Secretary of the Treasury to report annually, from 1983 to 1988, to Congress on the financial condition and operations of the Pennsylvania Trust during the previous fiscal year and during the fiscal year in which the report is made. Provides that the U.S. District Courts shall have jurisdiction to enforce this Act without regard to jurisdictional amount.
United States · United States Congress · 28 July 1982
Strategic Trade Act of 1982 - Declares the policy of the United States with respect to export controls on strategic goods and technology. Establishes a National Security Control Agency within the Office of the Under Secretary of Defense for Policy to assist in carrying out the national security export control policy responsibilities of the Secretary of Defense. Requires the Secretary to appoint the Director of the Agency who shall act as the Defense Department representative to the Interagency Advisory Committee for Export Policy. Sets forth as the principal divisions of the Agency the: (1) Operations Division; (2) Compliance Division; (3) COCOM Division which shall carry out functions relating to the Coordinating Committee for Multilateral Export Controls (COCOM); (4) Licensing Division; and (5) Legal Affairs and Congressional Relations Division. Authorizes the President to delegate the authority conferred on the President by this Act. Authorizes the President, in order to carry out the national security export control policy, to impose export controls on any goods or technology subject to U.S. jurisdiction or exported by any person subject to U.S. jurisdiction. Grants the Director the right to review any export application for national security reasons. Requires the Director to notify the licensing authority whenever the Director requires any revision with respect to any goods or technology, or with respect to the countries or destinations affected by national security export controls. Requires the Director to notify the licensing authority whenever the Directory denies an export license for national security reasons. Requires the Director, in requesting regulations to carry out national security controls, to emphasize: (1) safeguards to prevent a country that poses a threat to U.S. security from diverting covered goods and technologies to military use; and (2) the need to prevent the reexport of such goods and technologies to countries that pose a threat to U.S. security. Declares that U.S. policy toward individual countries shall not be determined solely on the basis of a country's communist or noncommunist status. Sets forth other factors to be considered. Directs the President to review controls maintained cooperatively with other nations at least once every three years. Directs the President to review other controls annually. Requires the Director to establish and maintain a national security control list as a part of the commodity control list. Directs the Secretary, in consultation with the Director, to review and revise the national security control list to insure that export controls cover and control such goods and technologies and the mechanisms through which they may be effectively transferred. Makes the Secretary primarily responsible for including in the national security control list certain militarily critical technologies. Requires the Secretary to report annually to Congress on actions taken with respect to such list. Declares that a qualified general license may be required instead of a validated license for the export of goods or technology subject to national security controls except where: (1) the export of such goods or technology is restricted pursuant to a multilateral agreement which requires the approval of the parties to the agreement; or (2) the United States is seeking the agreement of other suppliers to apply comparable controls and a validated license is necessary in the Director's judgment until such agreement is reached. Requires the Director to review the foreign availability of any goods or technology the export of which requires a validated license. Requires a finding of foreign availability to be based on reliable evidence (uncorroborated representations by license applicants are not sufficient). Declares that technologies or goods subject to national security export controls which are not possessed by a nation or combination of nations threatening to national security may not be deemed to be available from foreign sources until the Secretary of State verifies that negotiations with the foreign sources have been undertaken and have failed. Directs the President to negotiate with governments of countries possessing such technologies or goods to prevent them from becoming available to hostile countries. Requires the Director to establish within the Agency a capability to monitor the foreign availability of goods or technology subject to export controls under this Act. Requires other Federal agencies responsible for export controls and the National Security Control Agency to furnish information concerning foreign availability of such goods and technology to each other if specified conditions are met. Authorizes the Director to appoint technical advisory committees to advise and assist the Director in carrying out the national security export control policy. Directs the President to enter into negotiations with the government participating in the group known as the Coordinating Committee to reach agreements: (1) to publish a list of items controlled for export by agreement of the Committee; (2) to hold periodic meetings to discuss export control policy issues; and (3) on more effective enforcement procedures. Requires U.S. nongovernmental entities which enter into a commercial agreement with the government of a foreign country to which exports are restricted for national security purposes to report the agreement to the Director. Directs the Secretary of State to negotiate with other countries regarding their cooperation in restricting the export of goods and technology. Requires the Director to work with enforcement agencies to ensure: (1) the denial of all further exports to any party or parties responsible for the diversion of U.S. exports to unauthorized uses regardless of whether such goods or technologies are available from sources outside the United States; and (2) that other appropriate steps are taken to deter further use of the previously exported goods or technology. Requires the Director to take such action when there is reliable evidence that goods or technologies which were exported subject to national security controls have been diverted to an unauthorized use and/or consignee in violation of an export license. Requires the Secretary of Commerce to refer export applications to the Director when the Director finds that it is necessary to review an application. Requires the Secretary to review only those applications where the Director has recommended that the request for export be denied or approved subject to specified conditions. Sets forth civil and criminal penalties for violations of this Act. Authorizes the head of any department or agency exercising any function under this Act to suspend the authority of any person to export or import any or all goods or technology and order the seizure of any goods or technology intended for export in violation of the suspension if, during an enforcement investigation, the agency finds that there is reason to believe there is a violation of this Act. Requires that the Secretary of the Treasury be notified of such suspension. Requires property which is the subject of a violation of this Act to be subject to forfeiture to the U.S. Government whether or not it is within the jurisdictional boundaries of the United States. Sets forth the powers of agencies to investigate possible violations of this Act. Sets forth the jurisdiction of the courts, the duties of the U.S. Attorneys, and other judicial procedures. Provides for protecting the confidentiality of information submitted in compliance with this Act. Requires the Director to try to simplify regulations issued under this Act and the commodity control list. Exempts the functions exercised under this Act from certain provisions relating to administrative procedure and judicial review. Expresses the intent of the Congress that there be public participation in the formation of regulations issued under this Act. Requires the President to coordinate the authority granted to the President under this Act with the authority provided for the control of arms exports under the Arms Export Control Act. Makes certain civil aircraft equipment which is to be exported to a country other than a controlled country subject to export controls exclusively under this Act and the Export Administration Act of 1979. Requires authorizing legislation before any appropriation can be made to the Commerce Department for expenses to carry out this Act. Authorizes appropriations to the Defense Department to carry out this Act for FY 1984 and 1985.
United States · United States Congress · 19 July 1982
Reaffirms the commitment of the House of Representatives to the independence of Estonia, Latvia, and Lithuania. Supports the continued recognition of such governments by the United States.
United States · United States Congress · 15 July 1982
Expresses the support of the Congress for beginning strategic arms reductions talks. Urges the Soviet Union to join with the United States in concluding an equitable and verifiable agreement which freezes strategic nuclear forces at equal and substantially reduced levels. Reaffirms congressional support for the position that the United States should not enter into an arms agreement which provides for force levels inferior to those of the Soviet Union. Declares that the United States should propose practical measures to: (1) reduce the danger of accidental nuclear war; (2) prevent the use of nuclear weapons by third parties, including terrorists; and (3) halt the worldwide proliferation of nuclear weapons. Insists that any arms control agreement must be fully verifiable.
United States · United States Congress · 14 July 1982
Constitutional Amendment - Declares that equality of rights under the law shall not be denied or abridged by the United States or any State on account of sex.
United States · United States Congress · 16 June 1982
Amends the Internal Revenue Code to provide for the collection of defaulted Federal student loans by offset against income tax refunds of those individuals found to be in default on such loans. Defines "Federal student loans" as federally insured loans to graduate students in the health professions. Sets forth special rules with respect to joint returns and fiscal year taxpayers. Requires the Secretary of the Treasury to: (1) notify the Secretary of Health and Human Services of the amounts collected with respect to any loan to any individual; and (2) transfer such amounts to the Secretary as is necessary to reimburse the entity or fund to which the loan is repayable. Requires that such notification and transfer be made not less often than monthly.
United States · United States Congress · 15 June 1982
Includes an individual's military service as Federal service for purposes of provisions concerning unemployment compensation eligibility if the individual: (1) was released from such military service under conditions other than dishonorable; and (2) was not given a bad conduct discharge or, if an officer, did not resign for the good of the service. Eliminates provisions excluding military service as Federal service for such purposes if the individual: (1) left the service voluntarily; or (2) was released or discharged for cause.
United States · United States Congress · 10 June 1982
Prohibition of Mandatory Retirement and Employment Rights Act of 1982 - Amends the Age Discrimination in Employment Act of 1967 to eliminate the upper age limitation of the class of persons to whom such Act applies.
United States · United States Congress · 9 June 1982
Amends the Federal criminal code to punish an individual who willfully destroys, alters, or abuses materials vital to the operation of the Federal social security system. Provides that an individual who causes damage in the amount of $500 or more shall be imprisoned not less than three nor more than ten years, and fined not more than $50,000. Prohibits a suspended sentence, probation, or parole with respect to such sentence.
United States · United States Congress · 21 May 1982
Amends the Internal Revenue Code to exclude from gross income gain from the sale of real property to certain organizations for use for conservation purposes. Requires that such sale be on the installment method and that such conservation purpose be protected in perpetuity. Disallows such exclusion in the case of involuntary conversions. Allows an extension of time for payment of estate taxes in the case of acquisitions from a decedent's estate of real property by qualified organizations used for conservation purposes. Limits such extension to ten years after the decedent's death.
United States · United States Congress · 19 May 1982
Prohibits the payment of an annuity under the civil service retirement system to a Member of Congress or to his or her survivor or beneficiary if such Member is convicted of a felony. Provides for the refund of contributions and deposits made to the civil service retirement system or the armed forces survivor benefit plan for the period after the conviction. Restores the right of an individual to an annuity denied because the individual was convicted of a State felony, if such individual is pardoned by the State's governor.
United States · United States Congress · 13 May 1982
Volunteering in Government Act of 1982 - Permits any executive agency to recruit, train, and accept the service of a volunteer, and to enter into an agreement with any nonprofit organization for volunteer service, to carry out any appropriate agency activity. Declares that such volunteers shall be considered to be Federal employees only under provisions concerning tort claims and worker's compensation. Directs agencies to provide such volunteers and nonprofit organizations funds to pay necessary expenses for performing any such activity. Prohibits the dismissal of any agency employee or the impairment of any service contract as a result of an agency utilizing volunteer services. Authorizes agencies to give preference to grant applicants who use volunteer services most extensively when applicable. Authorizes each agency to use one percent of the funds appropriated to it for general administrative and operating expenses each fiscal year to carry out this Act. Directs the Director of the Office of Personnel Management to report to Congress biennially on the volunteer services and savings resulting from implementation of this Act.
United States · United States Congress · 11 May 1982
Amends the Internal Revenue Code to provide for the collection of defaulted Federal student loans by offset against income tax refunds of those individuals found to be in default on such loans. Defines "Federal student loan" for purposes of this Act. Sets forth special rules with respect to joint returns and fiscal year taxpayers. Requires the Secretary of the Treasury to: (1) notify the Secretary of Education of the amounts collected with respect to any loan to any individual; and (2) transfer such amounts to the Secretary of Education as is necessary to reimburse the entity or fund to which such loan is repayable. Requires that such notification and transfer be made not less often than monthly.
United States · United States Congress · 10 May 1982
Expresses the sense of the Congress that: (1) the Soviet Union should comply with certain international agreements relating to human rights by pursuing a more humane emigration policy and by ceasing harassment of Jews and others seeking to emigrate; (2) Soviet compliance with internationally recognized emigration rights would significantly promote improved relations with the United States; (3) the President should convey these concerns of Congress to the Soviet Union at every appropriate opportunity; and (4) the President should also convey these concerns to U.S. allies.
United States · United States Congress · 6 May 1982
Nuclear Non-Proliferation Act Amendments of 1982 - Amends the Nuclear Non-Proliferation Act of 1978 to prohibit the export of major critical components of any facility for, and information and other assistance relevant to, the enrichment of uranium or other isotopic separation of special nuclear material, nuclear fuel reprocessing, or heavy water production. Amends the Atomic Energy Act of 1954 to prohibit under any agreement of cooperation the reprocessing or the use or retransfer of any plutonium in quantities greater than 500 grams resulting from the reprocessing of any special nuclear material exported by the United States or produced through the use of any nuclear materials and equipment or sensitive nuclear technology exported by the United States, unless Congress enacts a joint resolution declaring that Congress finds that: (1) effective safeguards can be applied; and (2) adequate sanctions against violations of nonproliferation agreements have been established. Declares that the transfer or retransfer outside the United States of certain nuclear materials, facilities, or technologies: (1) may be engaged in only if authorized under an agreement for cooperation; (2) shall be considered exports; and (3) shall require a license from the Nuclear Regulatory Commission. Requires that the International Atomic Energy Agency safeguards applied to U.S. nuclear exports provide the United States with a timely warning of any diversion of any nuclear material which a non-nuclear weapon state could transform into a nuclear bomb.
United States · United States Congress · 6 May 1982
Used Car Fair Dealing Act of 1982 - Makes it a deceptive act or practice in violation of the Federal Trade Commission Act for any used vehicle dealer in the course of a sale to: (1) misrepresent the mechanical conditions of the vehicle; (2) fail to disclose any material defect or condition known to the dealer; (3) represent that the vehicle is free from material defects without a reasonable basis for such representation; (4) fail to provide a written copy of the warranty offered in connection with the sale; (5) misrepresent the terms of the warranty; (6) represent that a used vehicle is sold with a warranty when the vehicle is sold without such warranty; or (7) fail to disclose that a vehicle is sold without any warranty. Requires the dealer to prepare and display on such a vehicle a "Used Car Buyers Guide" reciting the specific terms of the warranty if one is given and clearly stating all disclosures. Requires the dealer to provide the consumer with a copy of such window form. Disallows any oral or written statements of the dealer which alter or contradict the disclosures required by this Act. Requires the window form to be in Spanish if the dealer conducts the sale of the used vehicle in Spanish. Requires the dealer to disclose any material defect in, or material condition of, the used vehicle of which the dealer has knowledge as a result of any inspection or test. Grants State exemptions from the requirements of this Act in certain situations.
United States · United States Congress · 5 May 1982
Expresses the sense of Congress that the President should: (1) urge the Soviet Union to allow Ida Nudel to emigrate; and (2) inform the Soviet Union that the United States will consider the extent to which countries honor their commitments under international law when evaluating U.S. relations with other countries.
United States · United States Congress · 29 April 1982
Expresses the sense of the Congress that if Israel is illegally denied its right to participate in the United Nations General Assembly or in any specialized agency of the United Nations the United States should: (1) suspend its participation in the General Assembly or specialized agency; and (2) withhold its assessed contribution to the United Nations or specialized agency until the illegal action is reversed.
United States · United States Congress · 22 April 1982
Entitles to an increased rate of monthly compensation veterans with service-connected total blindness and a hearing impairment rated at 20 percent (currently 60 percent) or more disability, or has total service-connected deafness in one ear, or has suffered the anatomical loss or loss of use of a hand or of a foot.
United States · United States Congress · 22 April 1982
Entitles veterans with service-connected, total blindness without light perception in both eyes to the same rate of monthly disability compensation as is paid for the anatomical loss of both eyes.
United States · United States Congress · 20 April 1982
Expresses the sense of the House of Representatives that neither the President nor Congress should impose import fees on crude oil or refined petroleum products.
United States · United States Congress · 6 April 1982
Amends the Federal criminal code to establish penalties for mailing an identification document (usable by a minor for the purchase of alcoholic beverages) which bears an unverified birthdate. Requires for verification that the sender of the identification obtain adequate assurances that the person to be identified is at least 21 years old or that the birthdate is accurate.
United States · United States Congress · 6 April 1982
Amends the Internal Revenue Code to allow a State, at its option, to enter into an agreement with the Secretary of the Treasury and the Secretary of Labor under which the State shall: (1) collect the tax imposed by the Federal Unemployment Tax Act; (2) retain a specified portion of such tax to be used for the administration of the State's unemployment compensation law and public employment offices; and (3) pay to the Treasury the remaining portion of such tax not retained. Allows a State to deposit any unexpended funds into its unemployment fund for use in payment of unemployment compensation. Requires the Secretary of the Treasury and the Secretary of Labor to enter into such an agreement unless: (1) the Secretary of Labor determines that a State does not have an unemployment compensation law which meets the requirements of Federal law; or (2) the Secretary of the Treasury determines that the State is not able to properly collect and pay over the required employment tax. Authorizes the Secretaries to declare a State to be in violation of such arragement if either should determine that the State is not meeting the requirements of this Act. Provides that a refusal to enter into an agreement and a declaration of violation shall be subject to administrative and judicial review. Provides tax penalties for any violation of such an agreement. Provides that any State entering into such an agreement shall not be eligible to receive payments under title III or title IX of the Social Security Act or under the Wagner-Peyser Act. Amends the Internal Revenue Code and titles III and IX of the Social Security Act to allow States, at their option, to maintain and manage their own unemployment funds.
United States · United States Congress · 1 April 1982
Access to Postsecondary Education Act - Amends the Higher Education Act of 1965 to raise the interest rates on student loans made, insured, or guaranteed under such Act. Sets the interest rate for such loans to cover the cost of instruction for any period beginning on or after August 1, 1982, at: (1) 10.75 percent per year on the unpaid principal balance of the loan to undergraduates; and (2) 12 percent per year for any other borrower. Provides that, for specified periods during which the average bond equivalent rate of auctioned Treasury bills differs from 12 percent per year by more than one percent, the applicable interest rate of such loans shall be adjusted according to specified formulas to reflect the Federal cost of borrowing. Requires the eligible institution to provide the lender a determination of need for a loan and the amount of such loan in order for a student to qualify for a portion of interest payment under provisions for Federal payments to reduce student interest costs. Repeals provisions for separate needs assessment for student loans. Revises provisions for need analysis to provide for adjustments to reflect any Federal financial assistance received by the family with respect to other dependents in postsecondary education programs. Repeals a provision which excludes all equity in a single principal place of residence from the computation of assets for purposes of determining the expected family contribution. Eliminates grace periods before repayment of specified student loans after academic failure. Increases the minimum repayment amounts of specified student loans. Increases the interest rate on defaulted student loans. Raises to ten percent of the principal the amount which an eligible lender may charge as an origination fee for specified student loans. Extends to August 1, 1984, the period during which the disclosure of such fee need not meet certain Federal and State disclosure requirements.
United States · United States Congress · 1 April 1982
Voting Rights for the Handicapped and the Elderly Act - Directs the Attorney General to promulgate guidelines to assure that registration and polling place facilities used for Federal elections are readily accessible to handicapped and elderly individuals. Sets forth minimum requirements for these guidelines. Requires States to make available registration and voting aids for handicapped and elderly individuals in Federal elections. Authorizes the Attorney General and aggrieved persons to bring actions in Federal court to enforce this Act.
United States · United States Congress · 1 April 1982
Expresses the sense of the House of Representatives that the United States should acclaim and support the demonstration of the people of El Salvador in favor of democracy.
United States · United States Congress · 31 March 1982
Shared Housing Resident Assistance Act - Amends the United States Housing Act of 1937 and the Housing Act of 1949 to prohibit the Secretary of Housing and Urban Development and the Secretary of Agriculture from requiring that a dwelling unit in a shared housing project for the elderly or handicapped contain more than one sanitary facility or item of equipment for food preparation or storage for all residents as a condition of eligibility for low-income housing assistance.
United States · United States Congress · 31 March 1982
Enterprise Zone Tax Act of 1982 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 25 nominated areas per year. Limits the period during which such designation shall remain in effect. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 2,500 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on December 31, 1985. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Title II: Federal Income Tax Incentives - Subtitle A - Credits for Employers and Employees - Amends the Internal Revenue Code to allow employers a nonrefundable income tax credit for ten percent of the increase in payroll for all employees, taking into account a maximum of $15,000 in wages per employee. Allows such credit only for wages paid to employees who perform 90 percent of their services in work directly related to the conduct of the taxpayers' business located in the enterprise zone and who perform 50 percent of their services within such zone. Phases out such credit in the last three years of the enterprise zone designation. Allows a nonrefundable income tax credit for employers equal to 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such credit by ten percent a year beginning in the fourth year after such designation. Requires a recapture of such credit for the early termination of such employees. Disallows a deduction for the portion of wages or salaries subject to such credit. Requires employers to furnish to each employee a written statement showing the amount of wages paid to such employee. Provides an income tax credit for enterprise zone employees equal to five percent of the first $9,000 of wages received each year. Phases out such credit in the last four years of the enterprise zone designation. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for certain tangible property located in enterprise zones. Limits such credit to five percent for zone personal property and ten percent for new zone construction property, including rental property. Requires that the property subject to such credit be predominantly used in the zone, be purchased after zone designation, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon early disposition of the property. Subtitle C: Reduction in Capital Gain Tax Rates - Eliminates the capital gains tax on property of corporations acquired after the enterprise zone designation and used in a zone business. Qualifies certain low-income rental housing located in an enterprise zone for such treatment. Permits property to remain qualified for purposes of the revised capital gains treatment after a designation of an enterprise zone has terminated. Exempts gain from the sale or exchange of property used in a business in an enterprise zone from the computation of the minimum tax. Expresses the sense of Congress that if the minimum tax is modified, enterprise zone capital gain will be excluded in computing minimum taxable income. Subtitle D: Extension of Carryover Periods - Extends the net operating loss and investment tax credit carryover period to the longer of 15 years or the duration of the enterprise zone designation for businesses operating in such zones. Subtitle E: Rules Relating to Industrial Development Bonds - Provides that rules relating to small issue tax-exempt industrial development bonds now in effect shall apply to bonds used to finance land or other depreciable property located in an enterprise zone, even if such rules are subsequently changed. Subtitle F: Sense of the Congress With Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Title III: Regulatory Flexibility - Revises the definition of "small entity" for purposes of the analysis of regulatory functions, to include qualified businesses (as defined in Title II of this Act), designating governments, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by designating governments, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in continuation of the rule unchanged. Disallows the waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and the Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of a rule shall remain in effect as long as the zone designations. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to and expedite applications for the establishment of ports of entry necessary to establish such zones. States that to the maximum extent practicable foreign-trade zones should be established within enterprise zones.
United States · United States Congress · 31 March 1982
Expresses the sense of the House of Representatives that: (1) graduate and professional students should remain eligible for guaranteed student loans under the Higher Education Act of 1965; (2) Congress should provide Pell grant assistance for academic year 1982 through 1983 that fully funds the need analysis criteria of January 6, 1982, in order to provide assistance to 2,600,000 needy students; and (3) Congress should not further reduce the amount of funds available for campus-based student assistance programs under the Higher Education Act of 1965 below the levels established by the Omnibus Reconciliation Act of 1981.
![Official portrait of Rep. Courter, Jim [R-NJ-12]](https://www.congress.gov/img/member/c000809_200.jpg)