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Official portrait of Rep. Crane, Philip M. [R-IL-8]

Rep. Crane, Philip M. [R-IL-8]

United States · Official source

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3,558 records where Rep. Crane, Philip M. [R-IL-8] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 13504 (94th)referred

Freedom of the Skies Act

United States · United States Congress · 3 May 1976

Amends the Federal Aviation Act of 1958 to direct the Civil Aeronautics Board, in the exercise and performance of its powers and duties, to consider the necessity of maximum competitive market forces to provide the needed air transportation system. Establishes time limitations in which the Board is required to determine applications for certificates of public convenience and necessity. Directs the Board to issue such certificate as requested if it does not act within such period. Directs the Board to issue a certificate of public convenience and necessity to qualified applicants for service between any two cities not receiving non-stop scheduled air transportation. States that air carriers which engage in interstate air commerce solely with aircraft having a capacity of less than 56 passengers or 16,000 pounds of property shall not be required to obtain such a certificate. Requires the Board to reissue all certificates for interstate air transportation by January 1, 1981, in the form of an unduplicated list of city pairs that each air carrier is authorized to serve. Authorizes carriers to transfer, sell, or lease any or all of its authority to engage in interstate air transportation. Requires the Board to approve such transaction unless it fails to meet specified standards. Permits air carriers to abandon routes under specified conditions. Allows carriers engaged in interstate or foreign air transportation to engage in non-stop transportation without regard to any certificate limitations between any points in the United States named in its certificate. Directs the Board to undertake proceedings to eliminate certificate restrictions which preclude such non-stop service. Directs the Board to establish new classes of scheduled passenger air carriers based on criteria relating to the number of available seat miles. Allows air carriers which hold a certificate of public convenience and necessity and air carriers holding a certificate issued by a State regulatory authority which report their available seat miles to engage in interstate scheduled air transportation in additional markets to those otherwise authorized subject to specified regulations. Allows air carriers engaged in non-stop scheduled air transportation between two points to apply for a certificate authorizing unrestricted non-stop service in such market. Requires the Board to grant such application within 30 days unless the applicant has not conformed with the provisions of this Act. Repeals the Postmaster General's authority to require an air carrier to establish additional schedules for the transportation of mail between two points served by such carrier. Requires persons seeking approval of a consolidation, merger, or acquisition of an air carrier to file a copy of such proposal with the Attorney General and Secretary of Transportation in addition to the Board. Prohibits the Board from granting such request if it would result in a restraint of trade unless the anticompetitive effects of such proposal are outweighed by its probable effect in meeting the transportation needs of the communities involved and such needs cannot be satisfied by a lesser anticompetitive alternative. Authorizes the Attorney General to bring an antitrust action concerning such transaction. Prohibits the consummation of such transaction until the antitrust action has been completed. Requires the Board to notify the Attorney General and Secretary of Transportation of any pooling agreements between air carriers. Requires the Board to conduct a hearing regarding such proposal or an already existing agreement which may have anticompetitive implications or fails to serve a transportation need upon the request of the Secretary or Attorney General. Prohibits the Board from approving specified types of contracts or agreements in interstate or overseas air transportation. States that the Board may not find an air carrier rate which is above direct costs as unjust or unreasonable on the basis that it is too low. Prohibits the Board from requiring an air carrier to charge a rate in excess of the direct costs of such service. Directs the Board to consider criteria in determining the maximum rates for air transportation. Allows the temporary suspension of proposed air carrier rates by the Board when the lawfulness of such rate change has be challenged. Requires the Board to complete the proceedings regarding such challenged rate change within 180 days of the time when such change would have gone into effect. Authorizes the Postal Service, upon a determination that the service provided by certified air carriers between any two points is inadequate for its needs, to contract with other air carriers for the transportation of mail between such points. Directs the Secretary of Transportation to conduct a study of the local air carrier subsidy program and to make recommendations to Congress for any necessary changes in such system.

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. 1099 (94th)referred

Resolution to develop a multilateral code of conduct to eliminate bribery and other practices which burden multinational corporations.

United States · United States Congress · 22 March 1976

Requires executive agencies to report to each person who is elected to the House of Representatives on the scope and nature of their activities within such Representative's district during the previous Congress. Provides for the content of such report. Requires that such report be submitted within sixty days of the election of such person to the House of Representatives.

Resolution· HRESH.Res. 1099 (94th)referred

Resolution to develop a multilateral code of conduct to eliminate bribery and other practices which burden multinational corporations.

United States · United States Congress · 22 March 1976

Directs the Secretary of the Treasury and other Federal officials to initiate negotiations within the framework of the Organization for Economic Cooperation and Development and the International Monetary Fund with the intent of developing an appropriate code of conduct and specific trading obligations among governments, together with suitable procedures for the settlement of disputes.

Bill· HRH.R. 11936 (94th)referred

Truth in Government Accounting Act

United States · United States Congress · 18 February 1976

Truth in Government Accounting Act - Requires the Secretary of the Treasury to prepare and make public annual consolidated financial statements for all expenditures of the United States utilizing the accrual method of accounting.

Bill· HRH.R. 11854 (94th)referred

Jobs Creation Incentive Act

United States · United States Congress · 10 February 1976

Jobs Creation Incentive Act - Amends the Internal Revenue Code to allow a taxpayer to elect to take a deduction with respect to the amortization of a qualifying facility, which is located in a high unemployment area, based on a period to one-half of the useful life of the facility. Authorizes a taxpayer to elect to take a deduction with respect to the amortization of qualifying equipment placed in a qualifying facility based on a period of 60 months. Defines the term "high unemployment area" to include an area with an average unemployment rate of seven percent or more of the labor force as determined by the Secretary of Labor.

Bill· HRH.R. 11336 (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 · 19 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. 11246 (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 · 18 December 1975

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 Dependent Children) and XX (Grants to States for Social Services) of the Social Security Act without regard to new staffing standards imposed by or under title XX.

Bill· HJRESH.J.Res. 758 (94th)referred

Joint resolution to clarify and reaffirm Government purchasing policies.

United States · United States Congress · 18 December 1975

States that it is the policy of the United States to rely upon private commercial sources for goods and services required to meet Government needs, unless: (1) such reliance would demonstrably disrupt or significantly delay an urgent agency program; or (2) in-house performance is mandatory for national security; or (3) the product or service is not and cannot be made available from the private sector and is available from a Federal source.

Bill· HRH.R. 11202 (94th)referred

Truth in Government Accounting Act

United States · United States Congress · 17 December 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. 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. 11080 (94th)referred

Truth in Government Accounting Act

United States · United States Congress · 10 December 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. 11054 (94th)referred

A bill to provide that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs.

United States · United States Congress · 9 December 1975

Provides that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs, whether or not other costs are awarded or awardable against the United States.

Bill· HRH.R. 11030 (94th)referred

Health Care Expenditures Regulation Review Act

United States · United States Congress · 8 December 1975

Health Care Expenditures Regulation Review Act - Directs the head of any Federal department or agency to give 60 days notice to the relevant committees of the House of Representatives and Congress, prior to initial publication of any regulation which relates to: (1) costs or expenditures of, or reimbursements to, individuals or providers of health care; or (2) the fixing of any rate or charge.

Bill· HRH.R. 10893 (94th)referred

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

United States · United States Congress · 1 December 1975

Provides that the total contribution of the United States to the United Nations for any calendar year after 1975 shall not exceed an amount which bears the same ratio to the United Nations budget as the total population of the United States bears to the total population of the United Nations member states.

Bill· HRH.R. 10894 (94th)referred

A bill to provide that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs.

United States · United States Congress · 1 December 1975

Provides that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs, whether or not other costs are awarded or awardable against the United States.

Bill· HRH.R. 10896 (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 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.

United States · United States Congress · 1 December 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· HJRESH.J.Res. 734 (94th)referred

Joint resolution to proclaim the right of the Portuguese people to determine their form of government through free elections.

United States · United States Congress · 1 December 1975

Declares the solidarity of the United States Congress in support of the democratic aspirations of the Portuguese people. Denounces the consprirational maneuvers of the Communists. Calls for congressional hearings on the Portuguese crisis. Urges NATO to warn Moscow against supporting communist subversion in Portugal. Calls upon the Soviet Union to terminate such actions. Calls upon the Department of State to insist upon equal democratic opportunities for all political parties in a preelection period. Serves notice upon the Soviet Union and all East European Communist governments that further intervention in the internal affairs of Portugal is a blatant violation of the principles of the Helsinki Conference.

Bill· HRH.R. 10857 (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. 10854 (94th)referred

A bill to provide for reimbursement through the Federal Disability Insurance Trust Fund to private physicians for services in supplying medical evidence of record needed to evaluate claims for social security disability benefits under title II of the Social Security Act.

United States · United States Congress · 20 November 1975

Provides for reimbursement through the Federal Disability Insurance Trust Fund to private physicians for services in supplying medical evidence of records needed to evaluate claims for Social Security Disability benefits under title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act.

Bill· HRH.R. 10855 (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. 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. 10762 (94th)referred

A bill to establish a Commission on Security and Cooperation in Europe.

United States · United States Congress · 14 November 1975

Establishes the Commission on Security and Cooperation in Europe to monitor the acts of the signatories which reflect compliance with the articles of the Final Act of the Conference on Security and Cooperation in Europe. Provides that the Commission shall be composed of 11 members to be appointed as specified in this Act. Gives the Commission the power to subpena witnesses and records as necessary to carry out the responsibilities imposed by this Act. Requires the Commission to make reports to Congress.

Law· HRH.R. 10727 (94th)open

An Act to amend the Social Security Act to expedite the holding of hearings under titles II, XVI, and XVIII by establishing uniform review procedures under such titles, and for other purposes.

United States · United States Congress · 13 November 1975

Expedites the holding of hearings under titles II, (Old-Age, Survivors, and Disability Insurance) XVI, (Supplemental Security Income Benefits) and XVIII (Medicare) of the Social Security Act by establishing uniform review procedures under such titles.

Resolution· HRESH.Res. 864 (94th)passed

Resolution expressing the sense of the House of Representatives that the signing in Helsinki of the Final Act of the Conference on Security and Cooperation in Europe did not change in any way the long-standing policy of the United States on nonrecognition of the Soviet Union's illegal seizure and annexation of the three Baltic nations of Estonia, Latvia, and Lithuania.

United States · United States Congress · 13 November 1975

Expresses the sense of the House of Representatives that the signing in Helsinki of the Final Act of the Conference on Security and Cooperation in Europe did not change in any way the longstanding policy of the United States on nonrecognition of the Soviet Union's illegal seizure and annexation of the three Baltic nations of Estonia, Latvia, and Lithuania.

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. 10530 (94th)referred

A bill to amend the Securities Act of 1933, and for other purposes.

United States · United States Congress · 4 November 1975

Removes the exemption from the Securities Act for securities issued by territorial, State, or local governments. Authorizes the Securities and Exchange Commission to add to the list of exempt securities those issued by governmental instrumentalities whenever such exemption would be in the public interest.

Bill· HRH.R. 10400 (94th)referred

A bill to establish a method whereby the Congress (acting in accordance with specified procedures) may prevent the adoption by the executive branch of rules or regulations which are contrary to law or inconsistent with congressional intent or which go beyond the mandate of the legislation which they are designed to implement.

United States · United States Congress · 28 October 1975

Requires that any rule or regulation proposed by any officer or agency of the executive branch of the Federal Government to implement a law or a program pursuant to a law must be submitted to both Houses of Congress for review. States that such rule or regulation shall become effective 60 legislative days after submission if Congress neither disapproves it by resolution or passes a concurrent resolution specifically approving such rule or regulation. Incorporates the provisions of this Act into the rules of the two Houses of Congress. Establishes procedural rules with respect to the consideration of a resolution disapproving the proposed rule or regulation.

Bill· HRH.R. 10346 (94th)referred

A bill to limit authorizations of appropriations to a maximum of 1 year and require a detailed review of the program by the authorizing committee before it can be renewed.

United States · United States Congress · 23 October 1975

Limits authorizations of appropriations to a maximum of one year and requires a detailed review of the program by the authorizing committee before it can be renewed. Specifies the factors to be considered by the committee in reviewing programs eligible for renewal, including its relevance, impact on the economy, adherence to intended purpose, and feasibility of alternative programs.

Bill· HRH.R. 10347 (94th)referred

A bill to provide that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs.

United States · United States Congress · 23 October 1975

Provides that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs, whether or not other costs are awarded or awardable against the United States.

Law· HRH.R. 10284 (94th)open

An Act to amend title XVIII of the Social Security Act, and for other purposes.

United States · United States Congress · 22 October 1975

Requires that the prevailing fees recognized under title XVIII (Medicare) of the Social Security Act for fiscal year 1976 be not less than those for fiscal year 1975. Extends for three years the existing authority of the Secretary of Health, Education, and Welfare to grant temporary waivers of nursing staff requirements for small hospitals in rural areas. Maintains the present system of coordination of the Medicare and Federal Employees' Health Benefit programs. Provides for the correction of a technical error in the law that prevents increases in the medicare part B premiums.

Bill· HRH.R. 10108 (94th)referred

Permanent Tap Reduction Act

United States · United States Congress · 8 October 1975

Permanent Tax Reduction Act - Stipulates that no provision of this Act shall take effect unless Congress passes a concurrent resolution providing for a fiscal year budget limitation of $395,000,000,000. Title I: Permanent Reductions in Individual Income Taxes - Increases the personal income tax exemption to $1000 under the Internal Revenue Code. Authorizes a standard deduction of $2,500 for married couples filing a joint return, $1,800 for an unmarried individual, and $1,250 in the case of a married individual filing a separte return. Provides for a permanent reduction in the amount of income tax imposed on married individuals, heads of households, and unmarried individuals. Revises the optional tax tables to include increases in the low-income allowance and permanent reductions in individual income taxes. Title II: Permanent Reductions in Corporate Income Taxes - Provides for a reduction in the corporate tax rates, corporate surtax, and surtax exemption. Title III: Permanent Increase in Investment Credit - Makes permanent the increase in the investment credit under the Internal Revenue Code. Title IV: Incentives for the Expansion of Electric Power Facilities - Increases to 12 percent the investment credit for property used predominantly in the trade or business of furnishing electrical energy (other than property using petroleum or natural gas as its principal fuel.) Eliminates the phase-in of qualified progress expenditure credits for specified electric utility property. Extends until January 1, 1981, the period in which pollution control facilities may qualify for the five year amortization deduction. Authorizes a 5 year amortization deduction for certified fuel conversion electric power generating facilites. Permits taxpayers meeting specified requirements set forth in the Electric Power Facility Construction Incentive Act to depreciate qualified progress expenditures for electric utility property. Sets forth limitations governing such deduction. Exempts dividend reinvestments in the common stock of public electric utilities from taxation. Provides special tax rules for dispositions of utility stocks.

Bill· HRH.R. 10080 (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 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 recent adopted congressional budget resolution.

United States · United States Congress · 8 October 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. 10030 (94th)referred

Small Business Investment Company Tax Act

United States · United States Congress · 6 October 1975

Small Business Investment Company Tax Act - Exempts small business investment companies from the passive investment income test as a condition of eligibility to elect not to be taxed as a corporation under the Internal Revenue Code. Provides a tax deduction for investments made by small business investment companies in small business concerns. Allows small business investment companies to be shareholders in subchapter "S" corporations (corporations electing to be taxed as partnerships). Authorizes small business investment companies to add to their bad debt reserves at the close of a taxable year an amount sufficient to increase the reserve to 10 percent of the loans outstanding. Provides a deduction for dividends paid on preferred stock to small business investment companies.

Bill· HRH.R. 9807 (94th)referred

A bill to amend title II of the Social Security Act so as to liberalize the conditions governing eligibility of blind persons to receive disability insurance benefits thereunder.

United States · United States Congress · 24 September 1975

Provides under title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act, that persons who are blind and have at least six quarters of coverage shall be eligible for disability insurance benefits. Outlines those regulations which apply to the amount of benefits to be received. Defines blindness as used in this Act. Continues payment of such benefits as long as the blindness lasts, notwithstanding the amount of the individual's earnings.

Bill· HRH.R. 9548 (94th)referred

A bill to amend section 174 of the Internal Revenue Code of 1954 to make clear that product development and improvement costs of publishers are research or experimental expenditures, and to prohibit the retroactive application of Revenue Ruling No. 73-395.

United States · United States Congress · 11 September 1975

Provides, under the Internal Revenue Code, that product development and improvement (including writing, editing, compiling, illustrating, and designing) costs of publishers are research or experimental expenditures. Prohibits the retroactive application of Revenue Ruling Numbered 73-395.