United States · United States Congress · 11 August 1982
Balanced Monetary Policy Act of 1982 - Amends the Federal Reserve Act to require the Board of Governors and the Federal Open Market Committee of the Federal Reserve System to establish yearly targets for long-term interest rates, and for money and credit aggregates. Requires the Board and the Federal Open Market Committee to take necessary actions to assure that such targets are achieved, on average, on an annual basis. Requires a written report to specified Congressional committees if such targets cannot or should not be achieved because of unfavorable economic conditions. Requires the Board of Governors to transmit specified information to Congress biannually. Requires the Board to announce publicly changes in objectives and plans at the time those changes are determined. Requires the President to state for the System's record the administration's position on each vote on monetary policy taken by the Board and by the Federal Open Market Committee.
United States · United States Congress · 10 August 1982
Prohibits the Secretary of Agriculture from placing into effect any rule which would not maintain or enhance the nutritional integrity of supplemental foods made available under the special supplemental food program for women, infants, and children of the Child Nutrition Act of 1966. Directs the Secretary to make a finding that any rule changes governing the program subsequent to enactment of this resolution shall be beneficial to the nutritional status of program participants. Requires the Secretary to submit such finding to the appropriate congressional committees prior to its publication in the Federal Register. Requires the Secretary to implement a specified rule concerning the program no later than December 31, 1982.
United States · United States Congress · 5 August 1982
Fair Tax Act of 1982 - Title I: Reduction of Income Tax Rates - Amends the Internal Revenue Code to repeal the income tax tables. Provides for an income tax rate of 14 percent for all individuals, estates, and trusts. Imposes a surtax (ranging from six to 14 percent) on the adjusted gross income of single taxpayers earning over $25,000 and married taxpayers earning over $40,000. Reduces the personal holding company tax from 50 to 28 percent. Repeals the 1985 indexation of tax rates. Redefines "adjusted gross income" to repeal the deductions for: (1) long-term capital gains; (2) amortization of reforestation expenses; and (3) two-earner married couples. Provides that certain special deductions for estate and trusts shall be subtracted from adjusted gross income. Increases the amount of the personal exemption to $1,500 for single taxpayers and $1,750 for heads of households. Allows an additional $1,000 exemption for the dependent spouse of a taxpayer filing a joint return. Increases the zero bracket amount from $3,400 to $4,600 for taxpayers filing joint returns and surviving spouses. Repeals the direct charitable contribution deduction. Amends the Internal Revenue Code, as amended by the Economic Recovery Tax Act of 1981, to revise tax return filing requirements to reflect the increased personal exemption, in the case of 65-year-old taxpayers and taxpayers filing joint returns. Revises requirements for withholding allowances to correspond with the increased personal exemption. Repeals the minimum tax on individual taxpayers. Repeals provisions which allow income averaging. Title II: Broadening of the Income Tax Base - Repeals the tax credits for: (1) the elderly; (2) political contributions; and (2) residential energy conservation. Limits the availability of the following tax credits to certain corporations: (1) the investment tax credit; (2) the new employee credit; (3) the credit for producing fuel from a nonconventional source; (4) the alcohol fuel credit; and (5) the credit for increasing research activities. Repeals the exclusion from gross income of employer-provided premiums on group-term life insurance and the exclusion of unemployment compensation benefits. Requires the inclusion in gross income of interest income on life insurance, annuity, or endowment contracts. Repeals the following tax exclusions: (1) dividends received by individuals; (2) employer-provided group legal services; (3) employer-provided transportation expenses; (4) employer-provided educational assistance; and (5) interest received after 1984. Repeals the tax exclusion of: (1) employer-provided child care assistance; (2) earned income of U.S. citizens living abroad; (3) certain disability payments; (4) dividend reinvestment in public utility stock; and (5) interest on industrial development bonds and veterans' mortgage bonds received by individual taxpayers. Requires the inclusion in gross income of one-third of employer contributions to medical care plans (other than workmen's compensation). Modifies the exclusion of scholarship and fellowship grants to require that an eligible recipient be a degree candidate at a tax-exempt educational institution. Disallows the exclusion of payments for teaching, research, or other services unless all degree candidates are required to perform such services. Repeals the tax deductions for: (1) two-earner married couples; (2) adoption expenses; and (3) long-term capital gains. Provides that no distinction shall be made between short-term and long-term capital gains in the case of individual taxpayers. Disallows the tax deductions to individual taxpayers for: (1) amortization of pollution control facilities; (2) amortization of reforestation expenditures; (3) intangible drilling and development costs for oil, gas, and geothermal wells; (4) percentage depletion; (5) mineral development and mine exploration expenses; and (6) certain State and local taxes. Repeals the tax deduction for the casualty and theft losses of individuals. Limits the deduction for interest on investment indebtedness for individual taxpayers to the amount of investment income. Provides that such limitation shall not apply to trade or business indebtedness and indebtedness incurred in acquiring or rehabilitating a qualified dwelling or principal residence of the taxpayer. Modifies the accelerated cost recovery schedules to provide that increased percentages for property placed in service after 1984 and after 1985 shall only be available to certain corporations. Reduces the depreciation deduction for 15-year real property in the case of individual taxpayers. Limits the tax deduction for medical and dental expenses to amounts in excess of ten percent of adjusted gross income (previously three percent). Repeals the separate deduction for up to $150 of health insurance. Repeals the tax credit for household and dependent care services necessary for gainful employment and replaces such credit with a tax deduction for employment-related expenses. Limits such deduction to $2,400 for taxpayers with one dependent and $4,800 for taxpayers with two or more dependents. Allows a deduction for $125,000 of gain from the sale of a principal residence by an individual over age 55. Repeals the exclusion of such gain. Revises the definition of "Section 11 corporation". Title III: Taxation of Individual Retirement Accounts and Qualified Pension, Profit-Sharing, and Stock Bonus Plans - Imposes a 14 percent tax on the investment income of retirement trusts, including pensions, individual retirement accounts, and other retirement plans. Repeals the tax- exempt status of certain pension, profit-sharing, stock bonus plans, and individual retirement accounts. Repeals the tax on lump-sum distributions from qualified pension plans. Title IV: Conforming Amendments; Effective Dates - Makes technical and conforming amendments. Sets forth effective dates for the provisions of this Act.
United States · United States Congress · 5 August 1982
Amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to transmit to the Congress a monetary early warning report within seven days after the Federal Open Market Committee takes any action which will change existing trend rates of growth of the monetary aggregates. Specifies the contents of such report. Requires revised reports 30 days and 90 days thereafter.
United States · United States Congress · 3 August 1982
National Nursing Home Standards Act of 1982 - Directs the Secretary of Health and Human Services to establish a National Commission on the Regulation of Nursing Homes. Provides for a moratorium on deregulation of skilled nursing and intermediate care facilities until September 30, 1984.
United States · United States Congress · 29 July 1982
States that the President, at the earliest possible date, should: (1) request Senate consent to ratification of the Threshold Test Ban and Peaceful Nuclear Explosion Treaties; and (2) resume trilateral test ban treaty negotiations.
United States · United States Congress · 28 July 1982
Prohibits the Secretary of Labor from promulgating regulations changing: (1) the conditions for employment of 14 and 15 year-old children; and (2) existing regulations governing full-time student employment at subminimum wages.
United States · United States Congress · 28 July 1982
Declares that the presidential certification submitted to the Congress with respect to sending military aid to El Salvador is void. Directs the President to immediately suspend such assistance. Requires the suspension to remain in effect during FY 1982 and 1983. Prohibits the President from making another such certification until Congress enacts a joint resolution declaring that El Salvador has met specified conditions.
United States · United States Congress · 23 July 1982
Expresses the sense of Congress that: (1) national efforts to reduce malnutrition should continue; (2) Federal involvement in nutrition programs should be maintained; and (3) responsibility for Federal child nutrition programs should not be turned back to the States.
United States · United States Congress · 22 July 1982
Expresses the disapproval of Congress of the five-year Outer Continental Shelf oil and gas leasing plan approved by the Department of the Interior on July 21, 1982. Prohibits the implementation of such program until the Secretary of the Interior has modified the plan to conform to applicable Federal law and national energy policy.
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
Precollege Mathematics and Science Teacher Assistance Act - Amends the Higher Education Act of 1965 to establish a program of direct loans to students in institutions of higher education who are preparing to be precollege mathematics and science teachers. Directs the Secretary of Education to carry out a program of establishing and maintaining funds at institutions of higher education for making low-interest loans to students who: (1) pursue baccalaureate degree courses of study in mathematics and/or science,and (2) intend to enter the precollege mathematics and science teaching profession. Authorizes appropriations for FY 1984 through FY 1988 to carry out such program. Authorizes additional appropriations for FY 1988 through FY 1993 to enable students who have received loans for academic years ending prior to October 1, 1988, to continue or complete courses of study. Directs the Secretary to make payments to institutions of higher education on the basis of the estimated needs of such institutions for making such student loans. Sets forth conditions for sych payments and for the agreements with the Secretary which such institutions must make in order to receive such payments. Sets forth the terms of such student loans. Sets forth eligibility requirements for students. Sets forth requirements for agreements between an institution and a student receiving such a loan from the student loan fund (including agreement which require commitments to teach or repay such loans). Provides for cancellaton of such student loans at the rate of 25 percent for each complete year of service after the date of enactment of this Act as a full-time science or mathematics teacher in an elementary or secondary school academic year. Provides for cancellation of the entire amount of interest which accrues for any year in which a portion of the loan is cancelled.
United States · United States Congress · 15 July 1982
Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments. Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act. Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.
United States · United States Congress · 15 July 1982
Math and Science Education Act - Amends the Internal Revenue Code to allow employers an income tax credit for compensation paid to: (1) precollege mathematics and science teachers hired for the summer months for employment which provides experience in the applied use of high technology; and (2) permanent employees who teach precollege mathematics or science at a public school without compensation from such school. Sets the amount of such credit at the sum of: (1) 50 percent of the aggregate compensation paid to teachers employed for the summer months; plus (2) 100 percent of the aggregate compensation paid to permanent employees who teach at public schools. Limits the amount of compensation paid to a permanent employee which may be taken into account to $1,000 multiplied by the number of months such employee teaches in a public school. Requires that teachers hired for the summer months must be paid at a weekly rate equal to or greater than the weekly rate of the teaching salary of such teacher. Requires that permanent employees who teach at public schools must teach at an elementary or secondary school for at least ten hours per week (at least five of which must be actual instruction in the classroom) at the request of the school district administrators.
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 · 13 July 1982
National Commission on Neurofibromatosis Act - Directs the Secretary of Health and Human Services to establish a National Commission on Neurofibromatosis within 60 days. Sets forth operating and related provisions. Authorizes the Commission to transmit interim reports. Requires: (1) a final report to the President and to each House of Congress within one year; and (2) the Secretary to file a final report and a budget analysis for neurofibromatosis research with the appropriate congressional committees within 15 days after the President submits his budget to Congress. Terminates the Commission three months after submission of the final report. Authorizes appropriations.
United States · United States Congress · 12 July 1982
Establishes the United States Capitol Page Board for the supervision and education of congressional pages. Repeals the eligibility of Supreme Court pages for attendance and residence at the John W. McCormack Residential Page School. Requires the Board to provide for personnel to perform duties with respect to such school.
United States · United States Congress · 24 June 1982
Small Issue Industrial Development Bond Reform Act of 1982 - Amends the Internal Revenue Code to disqualify industrial development bonds (IDBs) for the small issue tax exemption if a substantial amount of proceeds of such bonds are used to finance restaurants, certain office buildings, shopping centers, or entertainment or recreation facilities. Requires bond issuing authorities to conduct public hearings prior to the approval and issuance of any small issue industrial development bond. Requires the Governor of a State to report to the Secretary of the Treasury annually beginning in 1984 on bonds issued during the preceding year. Increases to $15,000,000 the amount of industrial development bonds used for economically distressed areas which qualify as tax-exempt small issues. Permits the financing of office buildings, restaurants, stores or shopping centers in such areas. Specifies requirements relating to poverty for designation as a qualified distressed area. Provides that capital research and experimental expenditures shall not be taken into account for purposes of determining the aggregate face value of industrial development bonds which otherwise qualify for the small issue exemption. Suspends temporary Internal Revenue Service regulations which prohibit pooled issues of bonds for projects located in only one State with respect to bonds sold after August 23, 1981. Sets forth transitional rules and effective dates.
United States · United States Congress · 24 June 1982
Expresses the sense of the Congress that: (1) Israel should be commended for complying with the Camp David accords by returning the Sinai to Egypt; and (2) the United States should assure that Israel maintains a qualitative military edge in the Middle East.
United States · United States Congress · 23 June 1982
States that the United States and the Soviet Union should begin the strategic arms reduction talks (START), which should have the following objectives: (1) pursuing a complete halt to the nuclear arms race; (2) deciding when and how to achieve and pursue a mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles, and other delivery systems; (3) giving special attention to destabilizing weapons; (4) preserving present limitations and controls on current nuclear weapons and delivery systems; and (5) incorporating ongoing negotiations in Geneva on land-based intermediate-range nuclear missiles into the START negotiations. Declares that the United States shall try to reach a common position with the North Atlantic Treaty Organization allies on any agreement that would be inconsistent with existing U.S. commitments to those allies. Declares that the United States shall promptly approve the SALT II agreement if adequate verification capabilities are maintained.
United States · United States Congress · 22 June 1982
Amends the Internal Revenue Code to authorize the Secretary of the Treasury to prescribe regulations exempting retirees or individuals over age 65 from interest penalties with respect to any underpayment of estimated tax. Requires that such underpayment be due to reasonable cause (defined to include mistake or ignorance of the law) and not to willful neglect.
United States · United States Congress · 22 June 1982
Expresses the sense of the House of Representatives that the President should reopen the American consulate in Kiev, Ukraine, in order to indicate the U.S. concern for the human rights of the people of the Ukraine.
United States · United States Congress · 17 June 1982
Expresses the sense of the Congress that the International Olympic Committee should officially recognize Jim Thorpe's achievements in the 1912 Olympics. Declares that the Committee should be asked to present Thorpe's medals and awards during the 1984 Olympics.
United States · United States Congress · 16 June 1982
Expresses the sense of the House of Representatives that the Social Security Administration, in coercing supplemental security income recipients to waive their right to privacy, including confidentiality of tax records, as a condition for eligibility, has exceeded its authority.
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 · 15 June 1982
Amends the Federal criminal code to provide a mandatory sentence of imprisonment for the use or possession of either a cutting or stabbing weapon or firearm during the commission of any felony. Imposes such punishment in addition to the sentence imposed for the commission of the felony. Prohibits probation or suspension of such sentence. Restricts eligibility for parole.
United States · United States Congress · 15 June 1982
Condemns all acts of violence in Northern Ireland. Calls upon the United Kingdom to outlaw the Ulster Defense Association and any like terrorist organization.
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 · 10 June 1982
Expresses the opposition of Congress to the use of plastic bullets by British security forces in Northern Ireland. Urges the President to call on the British Government to end the use of plastic bullets in Northern Ireland.
United States · United States Congress · 9 June 1982
Expresses the sense of the House of Representatives that: (1) Medicare beneficiaries should not have to pay more out-of-pocket costs for health care under the Medicare program; and (2) any Medicare savings from budget cuts should not cause an increase in out-of-pocket Medicare expenses.
United States · United States Congress · 8 June 1982
Expresses the sense of the Congress that: (1) nursing facility Medicare compliance surveys should be conducted at least annually; (2) Federal funds for such surveys should continue; (3) the Joint Commission on Accreditation of Hospitals should not have the authority to certify Medicare compliance; and (4) the proposed Department of Health and Human Services health care facilities certification regulations should not be adopted.
United States · United States Congress · 2 June 1982
Expresses the sense of the House of Representatives that the Secretary of Health and Human Services should not adopt as final certain proposed rules issued on May 24, 1982, relating to survey and certification procedures for nursing homes and other health care facilities and suppliers participating in Medicare and Medicaid programs.
United States · United States Congress · 27 May 1982
Fair Trade in Steel Act of 1982 - Declares that it is congressional policy to allow access to the U.S. market for foreign-produced steel on an equitable basis in order to safeguard the national security, insure orderly trade, and alleviate U.S. balance-of-payments problems. Title I: Steel Tripartite Advisory Council - Directs the President to establish within the Executive Office of the President a Steel Tripartite Advisory Council. Requires the Council to advise the President and Congress on problems within the basic steel industry and to provide advice and recommendations on related domestic and international issues. Requires other Federal agencies to provide the Council with economic information upon request. Directs the Council to report to the President on the condition of the steel industry. Title II: Quantitative Restrictions on Imports of Certain Steel Products - Limits to 5,000,000 tons the amount of articles in all steel product categories that may be imported between July 1, 1982, and January 1, 1983. Imposes a further limitation on such imports if unemployment in the domestic steel industry reaches between ten percent and 15 percent for three consecutive months. Prohibits any steel imports if unemployment in the domestic industry for three consecutive months is over 15 percent. Limits the amount of steel imports in each calendar year after 1982 to 10,000,000 tons. Imposes further limitations on imports depending upon the level of unemployment in the domestic industry. Imposes additional limitations on imports during any year after 1982 of articles in any one steel product category. Imposes a per country limitation on imports during such years of articles: (1) in all steel product categories; and (2) within any one steel product category. Directs the Secretary of Commerce to apportion shares of the U.S. market to foreign countries on the basis of information provided by the Secretary of the Treasury. Declares that it is the goal of this title to ensure that the imports of articles in all steel product categories be equalized on a monthly basis throughout each calendar year. Directs the Secretary of Commerce to impose additional limitations on the imports from a country whose exports to the United States exceed a specified limit. Authorizes the President to reduce such restrictions imposed under this title if the President makes a specified determination and the Congress, after notification by the President, does not adopt a concurrent resolution disapproving such reduction. Title III: Quantitative Restrictions on Iron Ore Imports - Limits the amount of iron ore that may be imported: (1) between July 1, 1982, and December 31, 1982, to 7,000,000 tons; (2) during 1983 to 14,000,000 tons; and (3) during 1984 to 14,000,000 tons, unless the Secretary finds that there has been an increase in employment in the domestic iron ore industry. Provides for a ten percent increase in imports in 1984 for each ten percent increase in employment. Authorizes the Secretary to waive the restrictions on imports of iron ore in order to insure continued operation of domestic steelmaking plants. Requires that such waiver be made on a plant-by-plant basis and only if the Secretary makes a specified determination.
![Official portrait of Rep. Dwyer, Bernard J. [D-NJ-6]](https://www.congress.gov/img/member/d000586_200.jpg)