United States · United States Congress · 13 July 1983
States the intent of Congress that the Secretary of Labor shall not require as a condition for approval of State plans under the Occupational Safety and Health Act of 1970 that States maintain higher staffing levels to enforce such Act than the Federal Government maintains to enforce such Act.
United States · United States Congress · 13 July 1983
Expresses the sense of Congress that the States should: (1) adopt the International Symbol of Access to identify vehicles carrying the physically handicapped and grant only to such vehicles access to special parking privileges; and (2) enter into agreements of reciprocity relating to special parking privileges granted to handicapped persons.
United States · United States Congress · 30 June 1983
Authorizes the Speaker of the House and the President pro tempore of the Senate jointly to present, on behalf of the Congress, a bronze medal to families of American personnel missing or otherwise unaccounted for in Southeast Asia. Authorizes appropriations.
United States · United States Congress · 30 June 1983
Exchange for Understanding Act - Establishes the Soviet Union and Eastern Europe Exchange Fund in the Treasury. Authorizes appropriations for the Fund. Establishes the Soviet Union and Eastern Europe Exchange Commission. Requires the Commission to issue regulations, within 90 days, governing its operation and the use of Commission funds. Provides for Commission membership and for a Commission director and staff. Authorizes the Commission to hold hearings and to use the U.S. mails as do other U.S. agencies. Directs that interest on obligations held in the Fund be available for payments to the Commission for specified uses. Requires the Commission to use such funds to make grants to support exchanges between the United States and the Soviet Union and the countries of Eastern Europe. Sets forth the projects to which the Commission shall give priority. Grants the Commission the exclusive authority to determine the number and types of exchanges to be supported each year. Directs the Secretary of State to cooperate with the Commission to ensure that the exchanges are coordinated with the countries involved and to ensure that the participants receive appropriate briefings and information. Authorizes specified funds for the Commission's operating expenses. Requires the Secretary of the Treasury to invest that portion of the Fund not required for current withdrawals in specified U.S. obligations or U.S. guaranteed obligations. Authorizes the Secretary to sell obligations acquired by the Fund and to credit the Fund with any interest on and the proceeds from such sale. Requires the Commission to submit annual reports, describing the Commission's activities, to the President and to Congress. Requires the Commission to terminate October 1, 1994. Directs all investments to be liquidated and all remaining funds to be deposited in the Treasury upon termination.
United States · United States Congress · 30 June 1983
Expresses the sense of the Congress that the President should: (1) renew the agreement between the United States and the Soviet Union on space cooperation for peaceful purposes; (2) initiate talks with the Soviet Union and other interested governments on opportunities for cooperative East-West space ventures as an alternative to an arms race in space; and (3) submit to the Congress a report detailing the provisions of such agreement.
United States · United States Congress · 29 June 1983
Title I: Revisions of the Congressional Budget Process - Amends the Congressional Budget Act of 1974 to require the first concurrent resolution on the budget for each fiscal year to set forth the budgets for each of the next two ensuing fiscal years. Provides for the annual adoption of one concurrent resolution on the budget. Repeals the requirement of a second concurrent resolution on the budget. Revises the reconciliation process to include reconciliation directions if needed in the first budget resolution. Requires completion of the reconciliation process within 60 days. Requires a two-thirds majority of the House to pass any bill, resolution or conference report which would cause new budget authority or budget outlays to exceed established levels in a fiscal year . Expands the term for reelection to the Committee on the Budget as chairman. Title II: Federal Credit Activities - Subtitle A: Reports Regarding Federal Credit Activity - Directs the Council of Economic Advisers, in its annual report to the Congress, to examine the relationship between Federal credit activity during the previous year and: (1) the condition of the economy; (2) the availability and cost of credit in the private sector; and (3) the exercise of monetary and fiscal policy by the Government. Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System, in their biannual reports to Congress concerning recent developments affecting economic trends in the Nation, to examine the effects of Federal credit activity on the availability and cost of credit in the private sector and on the exercise of monetary policy by the Board and the Federal Open Market Committee. Amends the Budget and Accounting Act, 1921, to require the President, in the annual budget statement to the Congress, to include all essential facts regarding direct Government loans and loan guarantees. Subtitle B: Changes in Congressional Budget Procedures - Amends the Congressional Budget Act of 1974 to require the concurrent resolution on the budget for each fiscal year to set forth the appropriate level of total gross obligations for the principal amount of direct loans and the appropriate level of total commitments to guarantee loans, and to allocate such totals among the major functional categories of the budget. Directs each standing committee of the House and Senate to submit its estimates of direct loan obligations and loan guarantee commitments provided for in legislation under its jurisdiction by March 15 of each year for the consideration of the Budget Committee in formulating the budget resolution. Directs the House and Senate Banking Committees to submit recommendations to the Budget Committees for the aggregate levels of direct loans and loan guarantees in each fiscal year. Requires the joint explantory statement accompanying a conference report on the budget resolution to include an estimate allocation of the total levels of direct loan obligations and loan guarantee commitments among the committees of the House and Senate. Directs the Committees on Appropriations to provide such an allocation among their subcommittees as soon as practicable after a budget resolution has been agreed to. Requires the House Committee on Appropriations, before reporting any regular appropriations bills, to submit a summary report to the House comparing the credit authority contained in such bills to the levels agreed to in the budget resolution. Requires any report accompanying legislation conferring new budget authority or increasing tax expenditures to include information on direct loan obligations and loan guarantee commitments. Establishes a deadline for the completion of action on legislation providing credit authority. Requires the reconciliation process to take into account Federal obligations and commitments on loans and loan guarantees. Declares out of order any measure brought up for consideration in either House which would increase the level of loan obligations and guarantee commitments agreed to in the budget process without limiting such increase to amounts provided in appropriation Acts. Subtitle C: Budget Execution - Includes all annual limitations on direct loans and loan guarantees within the definition of appropriations. Subtitle D: Effective Dates - Sets forth the effective dates for this Act.
United States · United States Congress · 29 June 1983
Amends the Agricultural Act of 1949 to make six-month nonrecourse loans available to producers on payment-in-kind commodities (cotton, feed grains, rice, and wheat) for 1983 through 1985.
United States · United States Congress · 29 June 1983
Inventory Simplification and Reform Tax Act of 1983 - Amends the Internal Revenue Code to eliminate the qualification requirement for the last-in, first-out (LIFO) method of accounting that a taxpayer use no inventory method for financial reporting or credit purposes other than the LIFO method. Allows a taxpayer who adopts the LIFO method to spread increases in taxable income attributable to such change over a ten-year period. Increases from $2,000,000 to $8,000,000 the average annual gross receipts a small business which uses the LIFO method may receive over a three year period in order to qualify for the election to use one inventory pool for any trade or business. Permits a wholesaler or retailer who uses such method to elect the use of inventory pools based on applicable Government price index categories for all items of inventory. Allows the use of such index categories in the pricing of inventories under such dollar-value methods. Allows an election to use a link chain or index method to compute the LIFO value of dollar-value pool without regard to suitability or practicality of any other method. Limits the amount of the LIFO benefit which is subject to recapture to the extent price increases do not exceed the rate of inflation. Allows an election by small businesses which are at least half-owned by active participants in the trade or business and which have average annual gross receipts of 2,000,000 or less for the three taxable years ending with the year of election to use the cash receipts and disbursements method of accounting without regard to any inventory requirements. Permits a taxpayer to reduce the value of a portion of excess inventory items held for more than 12 months. Sets forth a schedule for such reductions.
United States · United States Congress · 28 June 1983
Amends the Internal Revenue Code to allow a private foundation established prior to 1939 whose holdings were mostly acquired by gift or bequest prior to 1965, and which is primarily engaged in manufacturing in a specified locality to maintain the current level of its business holdings on January 1, 1983 without incurring a penalty tax on excess business holdings.
United States · United States Congress · 27 June 1983
Expresses the sense of the Congress that further expansion of cargo preference requirements, either for commercial or other trade, should not be imposed.
United States · United States Congress · 21 June 1983
Repeals provisions of the Energy Security Act which establish the U.S. Synthetic Fuels Corporation. Requires projects and funds transferred to the Corporation pursuant to the Supplemental Appropriations and Rescission Act, 1980 or initiated through contractural agreements by the Corporation to be transferred to the Department of Energy. Authorizes the Director of the Office of Management and Budget to terminate the affairs of the Corporation.
United States · United States Congress · 15 June 1983
Amends the Federal criminal code dealing with the sexual exploitation of children. Prohibits the distribution of material involving the sexual exploitation of minors even if the material is not found to be "obscene" and is transferred without sale. Increases the criminal fines for violation of this section by individuals from $10,000 to $75,000 (from $15,000 to $150,000 for a second or subsequent offense). Sets a fine of $250,000 for organizations. Provides for both criminal and civil forfeiture. Requires the Attorney General to report annually to Congress on the number of cases and convictions, and the dollar amount received in forfeiture, under this section.
United States · United States Congress · 15 June 1983
Urges the President to take steps to negotiate a treaty with the Soviet Union to provide for mutual cooperation to deal with the threat of accidental nuclear war caused by acts of terrorism.
United States · United States Congress · 14 June 1983
Government Printing Office Pay Reform Act of 1983 - Requires the pay of Government Printing Office employees to be administered under the prevailing rate system and the General Schedule. Provides that employees who, upon enactment of this Act, hold positions for which the pay rates are determined by conference with the Public Printer or by appeal to the Joint Committee on Printing, shall, with specified exceptions, continue to receive basic pay at a rate not below the rate in effect immediately before enactment of this Act, plus any increase payable under the prevailing rate system or the General Schedule. Repeals the limitation on the number of apprentices that the Public Printer may employ at one time.
United States · United States Congress · 14 June 1983
Amends the Packers and Stockyards Act, 1971, to state that any livestock buyer who purchases livestock in the ordinary course of business shall take the animals free of any security interest, even though such interest is perfected and even though such buyer knows of its existence.
United States · United States Congress · 7 June 1983
Amends the Internal Revenue Code to provide that governments issuing tax-exempt securities must not have an income, franchise, or other tax on corporations which tax includes, as part of the tax base, items of income from sources outside the United States.
United States · United States Congress · 6 June 1983
Amends the Civil Rights Act of 1957 to allow appointees to the Commission on Civil Rights to serve for a term of six years. Provides that a Commission member may only be removed by the President for neglect of duty or malfeasance in office. Extends the life of the Commission 15 years. Authorizes appropriations.
United States · United States Congress · 6 June 1983
Expresses the sense of the House of Representatives that hospice care is a necessary and humane alternative to traditional health care for the terminally ill.
United States · United States Congress · 2 June 1983
Expresses the sense of the Congress that it supports the reduction of child mortality and morbidity throughout the world. Urges the President to promote and undertake activities to further the objectives of the child health revolution. Directs appropriate Government agencies to support UNICEF and other specified international agencies and public and private organizations in fostering the child health revolution.
United States · United States Congress · 1 June 1983
Health Assistance for the Unemployed Act of 1983 - Amends the Internal Revenue Code to provide that for an employer's contribution to a group health plan to be deductible the group health plan must: (1) provide a 30-day open enrollment period for each married employee whose spouse loses coverage under a group health plan due to the involuntary termination of the spouse's employment; (2) provide an employee who is laid-off or separated (other than for cause) with coverage for 90 days of either the current group policy or a lesser benefit package at the option of the employee; and (3) provide an ex-employee the option to convert to individual health insurance coverage without evidence of insurability. Amends the Social Security Act to authorize appropriations to States to make payments to provide health care or other health care benefits or coverage for unemployed workers and their family members. Distributes such sums appropriated under this program to the States on a quarterly basis determined by a formula based on the State's proportionate share of unemployment in the country. Allows the States the discretion to determine: (1) the groups covered; (2) the period of coverage; (3) the particular type, duration and scope of services; (4) any standards for financial participation; and (5) any State funds to be made available. Requires each State to submit a description of the intended use of the payment and a statement of certain assurances. Makes the report and audit, nondiscrimination, withholding of misspent funds, and criminal penalty for false statements requirements under the Social Security Act applicable to this program.
United States · United States Congress · 1 June 1983
Provides payment-in-kind program participants with the option of receiving a six-month nonrecourse loan to pay for their related commodity storage costs.
United States · United States Congress · 26 May 1983
Amends the Tariff Act of 1930 to provide for the refund ("drawback") of any import duty, tax, or fee which was imposed on imported merchandise if merchandise of the same kind and quality: (1) is, within three years, exported, or destroyed under customs supervision; and (2) is not used within the United States before such exportation or destruction. Provides for the same kind of refund treatment for packaging material imported for use in performing incidental operations with regard to the packaging or repackaging of imported merchandise.
United States · United States Congress · 26 May 1983
Income-Dependent Education Assistance Act of 1983 - Title I: System for Making Income-Dependent Education Assistance Loans - Requires the Secretary of Education to establish a program of entering into agreements with guarantee agencies in order to provide funds to postsecondary schools or vocational schools which have entered into agreements under this Act to make loans to students who are eligible for assistance under the Higher Education Act of 1965. Provides that pursuant to such agreements, guarantee agencies shall issue debt obligations approved by the Secretary the proceeds of which shall be allocated among eligible educational institutions. Requires the United States to agree to repay the principal and interest of such debt obligations. Permits guarantee agencies to make loans under this Act for the purpose of discharging liability on federally insured or guaranteed loans under title IV of the Higher Education Act of 1965. Provides that the guarantee agency for eligible educational institutions in any State shall be: (1) the State or nonprofit private institution which has an agreement with the State to provide subsidy payments under the State's student loan insurance program; or (2) the State or nonprofit institution of another State which has such an agreement or the Student Loan Marketing Association if there is no such an agreement under effect in the State. Provides that in order to qualify for funds under this Act, an educational institution must enter into an agreement with the Secretary to, in addition to meeting other terms prescribed by the Secretary: (1) use such funds exclusively for student loans; (2) comply with information requirements; (3) notify students of their obligations and responsibilities under the loan program; and (4) repay portions of refunds owed to students who withdraw after receiving loans under the loan program. Permits the Secretary to suspend or revoke such an agreement and to recover funds held by an educational institution for noncompliance with this Act or with the terms of the agreement. Sets forth requirements with respect to loan terms and disbursement of loan proceeds. Establishes information requirements for the loan program. Title II: Collection of Income-Dependent Education Assistance Loans - Amends the Internal Revenue Code to provide for the collection of loans made under this Act through income taxes. Requires the Secretary of Education to notify borrowers annually with respect to their account balances and the procedure for computing the amount of repayment owing for the taxable year. Requires that such information be submitted to the Secretary of the Treasury. Sets forth requirements with respect to the computation of annual loan repayment amounts, termination of a borrower's repayment obligation, and failure to make repayments. Establishes in the Treasury the Income-Dependent Education Assistance Loan Trust Fund, which shall be available for repayment of principal and interest on debt obligations issued under this Act and for advancing funds directly to schools for new loans to students. Appropriates to such trust fund amounts received in the Treasury on any loan made under title I of this Act.
United States · United States Congress · 24 May 1983
Amends the Internal Revenue Code to deny property used by governments, tax-exempt foreign individuals, and other tax-exempt entities accelerated depreciation deductions. Requires that any deductions for depreciation of such property be calculated according to the straight line method. Exempts from such limitation short-term or casual leases of property and property used in an unrelated trade or business. Denies the investment tax credit for property used by foreign governments and other foreign persons. Denies the investment tax credit for rehabilitation expenditures for property which is financed by the proceeds of industrial development bonds. States that the provisions of this Act shall be effective for property placed in service after May 23, 1983, with an exception for binding contracts and mass commuting vehicles financed by tax-exempt securities.
United States · United States Congress · 24 May 1983
Expresses the sense of the Congress that the President should insist on Soviet compliance with the Helsinki accords and the United Nations' Declaration of Human Rights as they relate to the emigration of Soviet Jews.
United States · United States Congress · 23 May 1983
Amends the Fair Labor Standards Act of 1938 to: (1) remove the minimum wage floor for handicapped workers; and (2) link such workers' wages with worker productivity.
United States · United States Congress · 23 May 1983
Federal Election Campaign Act Amendments of 1983 - Amends the Federal Election Campaign Act of 1971 to include in the definition of "contribution" donations made to draft clearly identified individuals to become candidates for Federal office. Exempts from the definition of "contributions" any donations to political parties or committees designated to defray establishment, administration, or solicitation costs of the Committee. Requires that these donations be reported on a semiannual basis. Extends to the national committee of a political party certain exemptions that are given to State committees. Allows a political committee of a party to utilize the expedited procedure for advisory opinion requests during the 60-day period before an election. Requires the Commission to establish time limits for investigations. Revises the investigatory procedures of the Commission. Deletes the requirement that the Court of Appeals sit en banc when hearing cases involving the constitutionality of the Act. Increases the contribution limitations for certain offices. Permits political committees of political parties to engage in bona fide commercial transactions in order to defray establishment, administration, and solicitation costs. Amends the Internal Revenue Code to provide the opportunity for a presidential general election candidate to request a hearing before the Commission if a demand for repayment of funds is made available.
United States · United States Congress · 19 May 1983
Small Business Computer Crime Prevention Act - Amends the Small Business Act to require the Administrator of the Small Business Administration to establish the Small Business Computer Crime and Security Task Force which shall: (1) define the nature and scope of computer crimes against small business; (2) provide cost estimates per year of computer crimes against small business; (3) ascertain the effectiveness of State legislation and security equipment in preventing computer crimes against small business; and (4 ) develop guidelines to assist small businesses in evaluating the security of computer systems. Directs the Task Force, within three years after the enactment of this Act, to submit a report of its findings on computer crimes against small business to the President and Congress. Terminates the Task Force not later than 30 days after the submission of such report. Directs the Administrator to establish a resource center which will provide computer security information and periodic information exchange forums for small businesses.
United States · United States Congress · 19 May 1983
Supplemental Security Income Mental Disability Determinations Reform Act of 1983 - Directs the Secretary of Health and Human Services to revise the criteria under the category "Mental Disorders" in the "Listing of Impairments" in the Code of Federal Regulations, to the extent such criteria are applicable to individuals seeking or receiving benefits based on disability under the Supplemental Security Income program (title XVI of the Social Security Act). Directs the Secretary to also revise the methods of procedures used under such program for assessing the residual functional capacity of individuals having mental impairments. Requires the revised listings and residual functional capacity assessments to be designed to realistically evaluate the ability of a mentally impaired individual to engage in substantial gainful activity in a competitive workplace environment. Directs the Secretary to appoint a panel of outside experts to make recommendations with respect to such revisions. Prohibits continuing eligibility reviews with respect to mental impairment until the revisions are completed. Requires, under title XVI, that in any case in which an individual claims to be under a disability by reason of a mental impairment, the determination shall be made only after the Secretary has demonstrated that a qualified psychiatrist or psychologist has completed the medical portion of the sequential evaluation and residual functional capacity assessment. Prohibits the authorization of appropriations for SSI periodic eligibility reviews for individuals whose claims to disability benefits are based on mental impairment, except to the extent that such funds are specifically authorized for such reviews. Makes permanent provisions of title XVI which provide SSI benefits for individuals who perform substantial gainful activity despite a severe medical impairment. Makes permanent provisions which provide for the continued payment of SSI or disability benefits (title II of such Act) during appeal of a disability determination. Directs the Secretary to: (1) provide assistance to disabled individuals in complying with requirements and procedures under titles II and XVI; and (2) assure that disabled individuals eligible for or receiving benefits under title II are informed of available SSI benefits. Requires hearings and proceedings related to a disabled individual under the SSI program to be held at an accessible location.
United States · United States Congress · 19 May 1983
ERISA Simplification Act of 1983 - Title I: Amendments to the Employee Retirement Income Security Act of 1974 - Subtitle A: Amendments to Definitions - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to authorize the Secretary of labor to exempt by regulation any severance pay or supplemental income arrangement from provisions applicable to welfare plans and to provide alternative methods of compliance with any such provision. Conforms the definitions of "party in interest" and "governmental plan" with the Internal Revenue Code. Revises the definitions of "normal retirement age" and "relative." Subtitle B: Amendments to Reporting and Disclosure Provisions - Eliminates requirements regarding the filing of a plan description with the Secretary of Labor. Requires qualified public accountants and actuaries to rely on the correctness of actuarial or accounting matters certified by an enrolled actuary or with respect to which a qualified public accountant has expressed an opinion for purposes of the preparation of annual reports. Eliminates certain automatic filing requirements. Revises requirements regarding simplified annual reports for pension plans with less than 100 active participants and not more than 200 participants. Exempts from reporting and disclosure requirements welfare plans providing exclusively apprenticeship and other training benefits. Eliminates the requirement of a summary annual report. Limits to $10 the fee for obtaining a plan's lastest annual report. Revises requirements regarding the disclosure to a participant or beneficiary of benefit rights and account information. Directs administrators to issue reports to certain plan participants who have separated from service stating the nature, amount, and form of the deferred vested benefit to which they are entitled. Requires employers to maintain records regarding each employee sufficient to determine the benefits due to the employee. Requires, rather than allows, the Secretary to prescribe an alternative method of compliance with reporting requirements under certain circumstances. Specifies circumstances in which the administrator of a multiemployer plan may use an alternative method of information distribution. Revises requirements of notice to interested parties before issuance of determination letters. Requires the Secretary, in consultation with the Secretary of the Treasury and the Pension Benefit Guaranty Corporation, to conduct a study of the means by which the reporting of information pursuant to ERISA may be approved. Specifies matters to be analyzed by such study. Subtitle C: Amendments to Participation and Vesting Provisions - Permits the determination of pension plan eligibility on a plan year basis. Specifies that the notification and election requirement triggered by a change in vesting schedules shall be applicable only to employees who would be adversely affected by the change. Makes 125 days of service in any maritime industry equivalent to 1,000 hours of service for purposes of satisfying benefit accrual requirements. Requires a plan offering an optional benefit form, in order not to be treated as having altered a participant's accrued benefit by reason of a change in actuarial assumptions, to set forth such assumptions in a separate document. Requires plans in which a majority of employees are seasonal employees to use 500 hours, rather than 1000 hours, for purposes of defining a year of service. Revises joint and survivor annuity requirements. Directs the Secretary of the Treasury to prescribe methods of measuring services based upon the elasped time of an employee's service. Subtitle D: Amendments for Funding Provisions - Makes certain revisions with respect to funding, including a requirement that changes in funding method or plan year need be approved only when made more than once in a three-year period, and a requirement that a funding method take into account future benefit changes. Subtitle E: Amendments to Fiduciary Responsibility Provisions - Permits the return to an employer of an overpayment of withdrawal liability: (1) in the case of a multiemployer plan; and (2) in the case of a multiemployer plan maintained pursuant to collective bargaining agreements where it is determined that a contribution was made by a mistake of fact or law. Requires the definition of "qualifying employer real property" for purposes of the limitation on the acquisition and holding of real property by a plan. Provides for allocation of prohibited transaction enforcement responsibilities. Conforms certain provisions regarding transactions by parties in interest with provisions of the Internal Revenue Code. Extends the prohibited transaction exemption procedure to owner-employees. Subtitle F: Amendments to Administration and Enforcement Provisions - Creates a civil cause of action for collection by a fiduciary of a multiemployer plan of delinquent employer contributions, subject to a six-year statute of limitations (three years after the date of actual knowledge of the cause of action). Makes available to the Department of Labor for purposes of administering ERISA any amounts which become available through the public request of information. Revises the composition of the Advisory Council on Employee Welfare and Pension Benefit Plans to require that one of the employer members be a representative of employers maintaining small plans. Directs the Secretary of Labor to publish at least annually reports showing the number of plans and participants; amounts of assets, income, and expenses; and certain other information categorized by plan size and type. Deems as preempted by ERISA certain provisions of State law: (1) regarding benefits provided by an insurance policy issued to an employee benefit plan; and (2) which treat a participant's interest in a plan as a security or similar right. Deems as not preempted by ERISA certain provisions of State law: (1) which require an insurance policy issued to a plan to permit a participant to convert or continue protection after the termination of the insurance coverage under the plan; and (2) which prohibit such an insurance policy from classifying health care services as ineligible for coverage solely because the provider is licensed as a provider of services other than those rendered by a medical doctor. Allows the assignment of pension plan benefits pursuant to a specific State or foreign decree of divorce, annulment, legal separation, or family support or a court order relating marital property rights. Prescribes notification and administrative requirements with respect to any such assignment. Subtitle G: Clarifying and Technical Amendments - Makes certain technical changes and corrections. Title II: Amendments to the Internal Revenue Code of 1954 - Subtitle A: Amendments Related to Title Amendments - Amends the Internal Revenue Code to make conforming changes in accordance with the provisions of title I of this Act.
United States · United States Congress · 19 May 1983
Expresses the support of the House of Representatives for Lebanon's and Israel's agreement on arrangements for the withdrawal of Israeli forces from Lebanon. Calls upon other nations to work toward the withdrawal of all foreign forces from Lebanon. Emphasizes the need of all nations to recognize the sovereignty of Lebanon. Urges Syria and the Palestine Liberation Organization to agree to the arrangements for the withdrawal of their forces from Lebanon.
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to allow income tax deductions for contributions to private foundations on the same basis as contributions to public charities (deductible up to 50 percent of the taxpayer's adjusted gross income). Redefines "lineal descendants" to include only children and grandchildren, for purposes of private foundation penalty tax rules dealing with substantial contributors. Provides that private foundation gifts to public charities do not forfeit their tax deductibility due to the disqualification of the charity's tax exemption if: (1) the gift is made before the Secretary of the Treasury publishes a notice of disqualification or before the foundation receives actual notice of disqualification; (2) and the foundation was not responsible for or aware of the charity's change in status. Exempts a private foundation from expenditure responsibility requirements if such foundation and all related foundations contribute no more than $15,000 in grants during a taxable year. Permits the Secretary to abate first tier penalty taxes on private foundations if it is determined that a violation of private foundation rules was due to a good faith error or omission and was corrected within the statutory correction period.
United States · United States Congress · 18 May 1983
Rural Electrification and Telephone Revolving Fund Self-Sufficiency Act of 1983 - Amends the Rural Electrification Act of 1936 (REA) to eliminate the requirement for a State certificate of convenience and necessity before the Administrator may make loans to provide rural telephone service. Revises the liabilities and uses of the Rural Electrification and Telephone Revolving Fund established under the REA to provide that notes of the Administrator to the Secretary of the Treasury to obtain funds for loans shall be equity capital of the Fund. States that assets of the Fund shall be available only for: (1) payment of interest and principal on loans to the Administrator from the Secretary of the Treasury; and (2) for certificates of beneficial ownership issued to such Secretary or in the private market. Requires the Administrator to maintain two separate accounts within the fund: (1) the Electrification Account; and (2) the Telephone Account. Lists the items that shall be accounted for in each Account respectively, and restricts the purposes for which the assets of each Account shall be available. Authorizes the Administrator to repurchase specified certificates of beneficial ownership under certain conditions affecting their interest rates. Establishes guidelines for interest-bearing insured loans made by the Administrator to electric and telephone borrowers. Requires the Secretary of Agriculture to request in each annual supplemental budget estimate the amount needed to replenish the Fund for anticipated and actual costs resulting from loans made at less than a specified rate during the preceding fiscal year. Directs the Administrator to guarantee loans to specified borrowers or to accommodate or subordinate liens or mortgages held in the Fund, according to prescribed rules and regulations. Directs the Administration to promulgate such rules and regulations within 90 days after the effective date of this Act. Prescribes guidelines under which certain lenders are authorized to adjust interest rates on loans guaranteed by the Administrator. Requires rural electrification borrowers to obtain concurrent supplemental financing according to prescribed guidelines in any fiscal year in which the minimum loan level for insured rural electrification loans is less than $1,000,000,000. Repeals the loan-making authority of the Governor of the Rural Telephone Bank which require approval by the Secretary of Agriculture of facilities or lines to be acquired with such loans. Eliminates loan restrictions placed upon potential borrowers whose net worth exceed their assets by twenty percent.
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to allow tax-exempt treatment (interest excluded from gross income) for industrial development bonds used for residential rental housing in mixed-use structures.