United States · United States Congress · 1 April 1982
Establishes in the House of Representatives the Select Committee on Hunger to conduct a comprehensive study of the problems of hunger and malnutrition, including those issues addressed in reports of the Presidential Commission on World Hunger and the Independent Commission on International Development Issues.
United States · United States Congress · 31 March 1982
Amends rule X of the Rules of the House of Representatives to establish the Select Committee on Children, Youth, and Families to conduct a comprehensive study on their problems and to develop policies to coordinate governmental and private programs to address such problems. Provides that the committee shall not have legislative jurisdiction and shall terminate at the close of the Ninety-ninth Congress.
United States · United States Congress · 31 March 1982
Expresses the sense of the House of Representatives that: (1) graduate and professional students should remain eligible for guaranteed student loans under the Higher Education Act of 1965; (2) Congress should provide Pell grant assistance for academic year 1982 through 1983 that fully funds the need analysis criteria of January 6, 1982, in order to provide assistance to 2,600,000 needy students; and (3) Congress should not further reduce the amount of funds available for campus-based student assistance programs under the Higher Education Act of 1965 below the levels established by the Omnibus Reconciliation Act of 1981.
United States · United States Congress · 29 March 1982
Declares that the United States should propose to the Soviet Union: (1) a long-term, mutual, and verifiable nuclear forces freeze at equal and sharply reduced levels of forces; and (2) practical measures to reduce the danger of an accidental nuclear war and to prevent the use of nuclear weapons by third parties. States that the United States and the Soviet Union should channel their resources away from nuclear armaments and towards fighting poverty, hunger, and disease. Declares that the United States should continue to work for balanced arms reductions.
United States · United States Congress · 24 March 1982
States that the Federal Government should restore balance to the Department of Energy's FY 1983 budget by maintaining funding for energy conservation, renewable energy, and weatherization programs and by distributing information on conservation and renewable energy.
United States · United States Congress · 16 March 1982
Expresses the sense of the House of Representatives that changes to the Railroad Retirement Act of 1974 proposed in the FY 1983 budget should not be implemented.
United States · United States Congress · 16 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 15 March 1982
Family Housing Production Act of 1982 - Requires the Secretary of Housing and Urban Development, through the Government National Mortgage Association, to enter into five-year contracts to provide periodic assistance payments on behalf of homeowners to mortgagees and other lenders. Directs the Secretary to give priority to assisting persons who have not owned a home within the last three years. Permits payments to be made only to a mortgagor who satisfies requirements for creditworthiness and has a family income not exceeding 140 percent of the area median income and who: (1) is the original owner of a manufactured home the loan for which is incurred under the National Housing Act; or (2) has a fixed-rate 30-year mortgage which is secured by a home built after enactment of this Act, has no prepayment penalty, and requires increased payments beginning with the second year which shall be applied to the principal obligation until it is paid off. Limits the amount of assistance payments to the difference between the amount of the monthly payment for principal, interest, and loan insurance under the first year of the loan and the amount the monthly payment for principal and interest would be if the interest rate on the loan were: (1) ten percent (12 percent for a manufactured home); or (2) four percentage points less than the rate specified in the loan, whichever rate is higher. Requires that the mortgagor pay at least 25 percent of his or her income toward the monthly loan payment. Declares that manufactured homes shall comprise not more than 20 percent of the units assisted under this Act. Directs the Secretary to allocate the amount available to carry out this Act on the basis of the population, decline in housing starts, and unemployment rate in each State relative to all States. Directs the Secretary to recapture the lesser of the amount of assistance provided under this Act or an amount equal to 50 percent of the net appreciation of the property whenever the mortgagor sells the property or rents it for a period exceeding one year. Authorizes the Secretary to insure mortgages assisted under this Act.
United States · United States Congress · 15 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 11 March 1982
National Diffusion Network Act - Directs the Secretary of Education to carry out a program to promote the spread of exemplary educational programs, products, and practices to interested elementary and secondary schools. Requires the Secretary to provide information, materials, training, technical assistance, and evaluations. Authorizes the Secretary to make grants to, and contracts with, public and nonprofit private educational institutions and organizations to carry out such program. Declares that such program shall be deemed to be a continuation of the National Diffusion Network for which provision is made under the Education Consolidation and Improvement Act of 1981. Directs the Secretary to allocate funds available under such Act to such program. Authorizes additional appropriations, if necessary, to carry out such program in FY 1983 through FY 1986.
United States · United States Congress · 8 March 1982
Amends the Economic Recovery Tax Act of 1981 to provide that eligibility requirements for the special estate tax valuation of replacement farm property acquired in a like-kind exchange or after an involuntary conversion shall apply to decedents dying after 1976.
United States · United States Congress · 4 March 1982
Housing and Community Development Amendments of 1982 - Title I: Community and Neighborhood Development and Conservation - Amends the Housing and Community Development Act of 1974 to limit the amount of commitments to guarantee notes and other obligations which the Secretary of Housing and Urban Development may enter into with respect to community development loan guarantees in FY 1983. Amends the Housing Act of 1964 to authorize appropriations for rehabilitation loans and to limit the amount of commitments to make such loans for FY 1983. Requires that at least 60 percent of the funds available for rehabilitation loans after FY 1982 be used for loans for one- to four-family dwellings. Amends the Neighborhood Reinvestment Cooperation Act to authorize appropriations for the Corporation for FY 1983. Title II: Assisted Housing - Amends the United States Housing Act of 1937 to: (1) increase, on October 1, 1982, the maximum amount of annual contributions which the Secretary may make to public housing agencies for low-income housing projects; (2) limit the amount which may be obligated over the duration of contribution contracts with respect to additional authority provided after October 1, 1982; and (3) provide a new formula for allocating such additional authority for low-income housing assistance. Permits a public housing agency to use authority allocated for assistance to owners of low-income multifamily projects and improvement assistance for existing public housing projects to pay for the operation of such projects. Authorizes appropriations for such operating assistance for FY 1983. Directs the Secretary to consider the effects of interest rates (up to 14 percent) on development costs when determining the initial maximum monthly rent for units of a low-income multifamily housing project. Declares that any upward revision of amounts appropriated for operating assistance for public housing projects shall be considered to be a rulemaking activity. Amends the Housing and Community Development Amendments of 1978 to authorize FY 1983 appropriations for operating assistance for troubled multifamily housing projects. Amends the National Housing Act to prohibit payment of such assistance after FY 1983. Amends the Housing Act of 1959 to increase on October 1, 1982, the aggregate amount of obligations the Secretary may issue to the Secretary of the Treasury to finance loans for housing facilities for elderly or handicapped families. Limits: (1) the interest rate payable on such obligations; and (2) the lending authority of the Secretary for FY 1983. Amends the Federal National Mortgage Association Charter Act to increase on October 1, 1982, the total amount of home mortgages the Government National Mortgage Association (GNMA) may purchase and to limit the aggregate principal amount of mortgages that the GNMA may enter into commitments to purchase during FY 1983. Title III: Housing Production Programs - Part A: One- to Four-Family Housing Production Program - Amends the National Housing Act to provide the Secretary, on October 1, 1982, authority to enter into contracts to provide payments to assist low-income families in acquiring home ownership or membership in a cooperative housing project. (Currently, the Secretary is prohibited from entering into new contracts after March 31, 1982.) Allows the Secretary to insure the mortgages of up to 50 percent of the homes in a subdivision if the owners of such homes receive assistance under the emergency housing market stimulation program. Activates such program which authorizes the Secretary to insure mortgages and enter into contracts to provide assistance payments on behalf of mortgagors having a family income of up to 130 percent of the area median income in order to reduce their mortgage payments to 25 percent of their income or to reduce their mortgage interest rates to nine and one-half percent. Limits: (1) the aggregate amount of assistance payable under such contracts; and (2) the duration of assistance to any mortgagor to ten years. Provides that any recaptured assistance shall be deposited into a fund which shall be used to make continued assistance payments to mortgagors who are unable to make full mortgage payments after receiving assistance for ten years. Part B: Multifamily Housing Production Program - Rental Housing Production and Rehabilitation Act of 1982 - Directs the Secretary to provide financial assistance to State and local governments to be used to stimulate the construction and rehabilitation of multifamily rental housing projects and cooperative housing projects in areas experiencing a severe shortage of rental housing for persons without other reasonable and affordable housing alternatives in the private market. Directs State and local governments which receive such assistance to provide such projects capital grants, loans, interest reduction payments, grants for the purchase of land, and other types of assistance designed to reduce project debt service cost. Sets forth area eligibility criteria, project selection criteria, and guidelines for allocating assistance. Requires the amount of assistance provided to a project to be the least amount necessary to provide decent and affordable rental or cooperative housing of modest design. Requires the owner of an assisted project to agree that for the first 15 years of the project: (1) 20 percent of the project units will be available for families whose income does not exceed 80 percent of the median area income; (2) savings resulting from reduced debt service payments for assistance will be passed on to the tenants; (3) prospective tenants will not be discriminated against on the basis of their eligibility for Federal housing assistance; and (4) units will not be converted to condominium ownership. Directs the Secretary to require an owner who violates any such agreement to repay all assistance plus interest. Declares that mortgages for such projects are insurable under the National Housing Act. Requires rent charges for project units to be approved by the Secretary. Limits such charges to 30 percent of a tenant's adjusted income. Requires that contracts for such assistance contain a provision requiring the payment of prevailing wages to workers employed in the development and operation of the project involved. Authorizes appropriations for such assistance for FY 1983. Title IV: Rural Housing - Amends the Housing Act of 1949 to authorize appropriations for FY 1983 to the Secretary of Agriculture: (1) to insure and guarantee loans for rural housing, with certain restrictions; (2) to make loans and grants for improvements of rural housing; (3) to provide financal assistance for the provision of low-rent housing for domestic farm labor; (4) to make grants or contracts for the development of programs to assist low-income persons in benefiting from housing programs in rural areas; (5) for programs of mutual and self-help in rural areas; and (6) for the Self-Help Housing Land Development Fund. Extends the authority of the Secretary of Agriculture to: (1) insure loans to provide rental housing for persons of moderate income; (2) insure loans for housing and buildings on adequate farms; and (3) make assistance payments to owners of low-income rental housing projects, with a specified amount of FY 1983 assistance earmarked for domestic farm labor and elderly or handicapped persons who are tenants of newly constructed or substantially rehabilitated housing. Eliminates use of the Rural Housing Fund for specified rural housing programs. Revises the maximum rental charge for certain assisted rural housing to the highest of: (1) 30 percent of the family's monthly adjusted income; (2) ten percent of the family's monthly income; or (3) the portion of the family's welfare payment designated for housing costs. Provides that interest credits for low- or moderate-income persons who receive rural housing mortgage loans may not exceed the lesser of: (1) the person's mortgage payments after applying 20 percent of his or her adjusted income; or (2) the person's mortgage payments exceeding what those payments would be if the mortgage were to bear one percent interest. Directs the Secretary of Agriculture, when determining whether to provide housing assistance to domestic farm laborers in an area, to consider the housing needs for only those persons. Title V: Program Amendments and Extensions - Amends the National Housing Act to extend the authority of the Secretary to insure loans for mortgages and home improvement, to make assistance payments for emergency stimulation of the housing market, and to establish the maximum interest rates for certain mortgage insurance programs. Amends the Emergency Home Purchase Assistance Act of 1974 to extend the authority of the Secretary to direct the Government National Mortgage Association to purchase mortgages and securities. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research for the Department of Housing and Urban Development in fiscal year 1982. Amends the National Housing Act to increase the amount of funds authorized to be appropriated to cover losses sustained by the General Insurance Fund. Amends the Federal National Mortgage Association Charter Act to extend the authority of the GNMA to guarantee mortgage-backed securities issued by the Federal National Mortgage Association (FNMA). Amends the Energy Conservation in Existing Buildings Act of 1976 to earmark for the weatherization program for FY 1983 a specified amount of the funds authorized to be appropriated for energy conservation under the Omnibus Budget Reconciliation Act of 1981. Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program until September 30, 1983, and to authorize appropriations for various insurance studies during FY 1983. Amends the National Housing Act to extend the Secretary's authority: (1) to carry out the Federal riot insurance program and the Federal crime insurance program until September 30, 1983; and (2) to continue riot and crime insurance policies written prior to such date until September 30, 1986. Limits the appropriations authorized for such programs for FY 1982. Amends the Housing and Urban Development Act of 1968 to limit the appropriations authorized for FY 1983 for counseling and technical assistance programs for low- and moderate-income families with respect to housing. Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to require the limitation on the maximum principal obligation of a conventional mortgage in which the FNMA or the Federal Home Loan Mortgage Corporation may purchase a participating interest to be calculated without regard to the interest purchased by either such corporation. Authorizes such corporations to purchase conventional mortgages secured by a second lien against an owner-occupied residence. Specifies limitations on the maximum principal obligation of such mortgages. Title VI: Emergency Mortgage Relief - Amends the Emergency Housing Act of 1975 to rewrite such act as the Homeowners' Emergency Relief Act. Directs the Secretary to make emergency mortgage relief payments to mortgagees on behalf of certain delinquent mortgagors when, for three consecutive months, the amount of delinquent mortgage loans exceeds a specified percentage of the amount of all loans accounted for in the mortgage delinquency series maintained by the Federal Home Loan Bank Board. Provides for the discontinuation and reinstitution of such assistance program depending on such deliquency rate condition. Lists the conditions for assistance eligibility, which include requirements that: (1) the mortgage is not federally insured under the National Housing Act; (2) the mortgagor has suffered a substantial reduction in income as a result of circumstances beyond the mortgagor's control which render the mortgagor unable to make full mortgage payments; and (3) the Secretary has determined that assistance is necessary to avoid foreclosure and that it is likely that the mortgagor will be able to resume full mortgage payments within 24 months, commence repaying such assistance at a designated time, and pay the mortgage in full by its maturity date. Limits: (1) the amount of mortgage assistance payments to an amount necessary to supplement the amount the mortgagor is capable of contributing; and (2) the length of such payments to 12 months plus any period of default, with a 12-month extension authorized. Directs the Secretary to establish procedures for the periodic review of the mortgagor's financial circumstances to determine whether such payments should be terminated or adjusted. Declares that all assistance payments shall be secured by a lien on the property and repayable on terms prescribed by the Secretary. Sets forth the authority of the Secretary to recapture such assistance. States that a previously assisted morgagor shall be eligible for renewed assistance only if such mortgagor has made full mortgage payments for at least 12 months after the previous assistance was terminated. Limits the aggregate amount of assistance the Secretary is authorized to provide over the duration of assistance contracts. Prohibits the Secretary from entering such contracts after September 30, 1983. Requires the Secretary and specified agencies to waive or relax limitation pertaining to the operations of certain mortgagees and financial institutions with respect to mortgage delinquencies in order to encourage forebearance in residential mortgage loan foreclosure. Requires the Secretary to report to Congress every 60 days prior to October 1, 1983, on: (1) the rate of delinqencies and foreclosures in various housing markets; (2) the prospects of voluntary forebearance by mortgagees in such areas; (3) Government actions to encourage such forebearance and to provide assistance under this title; and (4) the default status of mortgages on multifamily properties with recommendations on caring and avoiding such defaults. Directs the Secretary to study and report on the use of alternative mortgage delinquency series under this title.
United States · United States Congress · 3 March 1982
Community Air Service Act of 1982 - Amends the Federal Aviation Act of 1958 to continue Civil Aeronautics Board (CAB) authority to require air carriers to establish just and reasonable joint fares. Transfers the authority of the CAB over joint rates, fares, and charges to the Department of Transportation. Sets forth procedures concerning the establishment and division of such joint fares. Terminates the authority of the CAB and the Secretary in regard to such joint rates six years after enactment of this Act.
United States · United States Congress · 2 March 1982
Expresses the sense of the Congress that funding for community service employment programs for senior citizens under title V of the Older Americans Act of 1965 for FY 1983 and subsequent fiscal years should be provided at levels sufficient to maintain or increase the number of employment positions provided under such programs.
United States · United States Congress · 24 February 1982
Amends the Panama Canal Act of 1979 to permit the President or Secretary of Defense to delegate to another U.S. official the authority vested in them by such Act. Prohibits further delegation of such authority. Authorizes payment of a housing allowance in lieu of specified additional compensation available for certain Federal employees in the Panama Canal Zone. Amends the provisions relating to hours of work for Federal employees to make Good Friday and November 3, Panamanian Independence Day, legal public holidays for Panama Canal Commission employees who are stationed in the Republic of Panama. Makes the Panama Canal Zone a foreign area for purposes of overseas differentials and allowances for Federal employees. Amends the Panama Canal Act of 1979 to retain the minimum annual pay increase for certain Federal employees stationed in the Republic of Panama. Authorizes the use of regulations issued pursuant to the Accounting and Auditing Act of 1950 to provide for the depreciation of certain Canal assets that need replacement. Revises the provisions requiring an annual audit of the Commission's financial transactions by the U.S. Comptroller General. Provides for collection of amounts payable for certain reimburseable services. Requires specific congressional approval for spending or obligating U.S. tax revenues to implement the Panama Canal Treaty after the effective date of this Act. Deletes the provision for Federal payment of the costs of transferring the remains of U.S. dead from a cemetery in Panama to the United States. Adds to the costs that must be covered by tolls collected on the Canal: (1) the cost of reimbursing the Treasury for providing educational, health, and other services to the Commission, its employees and their dependents; and (2) any costs that are incurred in implementing the Panama Canal Treaty of 1977 and associated with maintaining the Canal. Authorizes the President to regulate swimming in the Canal. Transfers, on April 1, 1982, jurisdiction over all actions that originated in the U.S. District Court for the District of the Canal Zone to the U.S. District Court for the Eastern District of Louisiana. Grants original jurisidiction to U.S. district courts over all new Federal offenses committed in the Republic of Panama by a U.S. citizen employee of the Commission, a member of the civilian component, or specified dependents. Requires prosecution of such new offenses to be brought in the U.S. District Court for the Eastern District of Louisiana. Sets forth the criminal law which applies within the Republic of Panama to U.S. citizen employees of the Commission, members of the U.S. military and civilian forces, and their dependents. Repeals the Panama Canal Code, a specified provision of the Federal Criminal Code relating to the Panama Canal, and specified sections of the Panama Canal Act of 1979.
United States · United States Congress · 24 February 1982
Homeowners' Emergency Relief Act of 1982 - Amends the Emergency Housing Act of 1975 to direct the Secretary of Housing and Urban Development to make emergency mortgage relief payments for certain mortgagors when, for three consecutive months, the amount of delinquent mortgage loans exceeds a specified percentage of the amount of all mortgage loans accounted for in the mortgage delinquency series maintained by the Federal Home Loan Bank Board. Directs the Board to submit delinquency information to the Secretary and Congress monthly. Provides for the discontinuation and resumption of such assistance program depending on such delinquency rate condition. Lists conditions for assistance eligibility which include requirements that: (1) the mortgage is not federally insured under title II of the National Housing Act; (2) the mortgagor has suffered a substantial reduction in income as a result of circumstances beyond the mortgagor's control which render the mortgagor unable to make full mortgage payments; and (3) the Secretary has determined that assistance is necessary to avoid foreclosure and that it is likely that the mortgagor will be able to resume full mortgage payments within 24 months, commence repaying such assistance at a designated time, and pay the mortgage in full by its maturity date. Limits: (1) the amount of mortgage assistance payments to an amount necessary to supplement the amount the mortgagor is capable of contributing; and (2) the length of such payments to 12 months plus any period of default, with a 12-month extension authorized. Directs the Secretary to establish procedures for the periodic review of the mortgagor's financial circumstances to determine whether such payments should be terminated or adjusted. Declares that all assistance payments shall be secured by a lien on the property and repayable on terms prescribed by the Secretary. Sets forth the authority of the Secretary to recapture such assistance. States that a previously assisted mortgagor shall be eligible for renewed assistance only if such mortgagor has made full mortgage payments for at least 12 months after the previous assistance was terminated. Limits the aggregate amount of assistance the Secretary is authorized to provide over the duration of assistance contracts. Prohibits the Secretary from entering such contracts after September 30, 1983. Requires the Secretary and specified agencies to waive or relax limitations pertaining to the operations of certain mortgagees and financial institutions with respect to mortgage delinquencies in order to encourage forebearance in residential mortgage loan foreclosure. Requires the Secretary to report to Congress every 60 days prior to October 1, 1983, on: (1) the rate of delinquencies and foreclosures in various housing markets; (2) the prospects of voluntary forebearance by mortgagees in such areas; (3) Government actions to encourage such forebearance and to provide assistance under this title; and (4) the default status of mortgages on multifamily properties with recommendations on remedying and avoiding such defaults. Directs the Secretary to study, and report to Congress on, the use of alternative mortgage delinquency series under this title.
United States · United States Congress · 24 February 1982
Expresses the sense of the House of Representatives that graduate and professional students should remain eligible for guaranteed student loans under part B (Federal, State, and Private Programs of Low-Interest Insured Loans to Students in Institutions of Higher Education) of title IV of the Higher Education Act of 1965.
United States · United States Congress · 23 February 1982
Home Mortgage Capital Stability Act - Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation to purchase capital participation notes from, and make earnings stabilization payments to, any insured bank determined eligible under this Act. Limits eligibility for such assistance to any insured bank: (1) whose net worth is less than two percent of its assets; (2) which has sustained earnings losses for any two consecutive quarters during a specified time period, althoug its prospects for long term viability remain reasonably good; and (3) at least 20 percent of whose loan portfolio consists of mortgages secured by property occupied by a one-to-four-family residence or by individual condominium or cooperative units. Prescribes the requirements of any assistance agreement between the Corporation and such a bank, including a requirement that at least 50 percent of annual net new deposits be used to issue mortgages to first-time home buyers for condominium or cooperative units or for property occupied by a one-to-four-family residence. Requires the capital participation notes purchased by the Corporation from an insured bank to be in an amount equal to the difference between such bank's net worth and two percent of its assets. Requires that all amounts received from the sale of capital participation notes be used to increase such bank's net worth. Permits the Corporation, during the two-year period following its purchase of such notes, to make quarterly earnings stabilization payments to such a bank in an amount equal to the earnings losses incurred by the bank during the previous quarter. Allows continued earnings stabilization payments after such two-year period only if the Corporation certifies that the continued earnings losses involved are caused by general market conditions and not by the banks's own actions. Requires an insured bank to begin repaying the Corporation the amounts received plus interest after its net worth reaches three percent of its assets or five years have passed since it first received assistance. Sets the total annual repayment amount at not less than half the bank's net income after taxes. Prohibits such a bank with a stock form of ownership from paying dividends to its shareholders while it owes any amount to the Corporation. Amends the National Housing Act and the Federal Credit Union Act to authorize the Federal Savings and Loan Insurance Corporation and the National Credit Union Administration Board to provide similar assistance to insured savings and loan associations and Federal credit unions in similar circumstances. Establishes in the Treasury a Home Mortgage Capital Stability Fund for use as a revolving fund by the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration for the purposes of this Act. Requires quarterly reports to each House of Congress by each of such users. Authorizes appropriations.
United States · United States Congress · 9 February 1982
Amends the Omnibus Budget Reconciliation Act of 1981 to extend by five months (until September 30, 1982) the period within which an individual must have become a full-time student at a postsecondary educational institution in order to receive, after July 1982, child's insurance benefits on the basis of student status under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act.
United States · United States Congress · 3 February 1982
Authorizes the Speaker of the House of Representatives and the President pro tempore of the Senate to present, on behalf of Congress, a gold medal to Admiral Hyman George Rickover in recognition of his distinguished service and for his contributions to the development of safe nuclear energy and to the defense of the United States. Directs the Secretary of the Treasury to provide for a gold medal with suitable emblems, devices, and inscriptions. Authorizes appropriations to carry out such provision. Authorizes the Secretary to make available bronze duplicates of such medal for sale under regulations he prescribes and in accordance with provisions of this Act.
United States · United States Congress · 25 January 1982
Fair and Equal Treatment of Members of Congress Act of 1982 - Amends the Internal Revenue Code to limit to $3,000 the amount of living expenses which Members of Congress may deduct from their incomes. Repeals the provision allowing such tax deduction without substantiation.
United States · United States Congress · 16 December 1981
Broadcast Licensing, Renewal, and Deregulation Act of 1981 - Amends the Communications Act of 1934 to establish new procedures for reviewing petitions to deny broadcast license applications. Requires the Federal Communications Commission (FCC) to grant a license renewal application by a radio or television broadcast station licensee unless the actions of the licensee evidence such serious disregard for the Communications Act and for the rules and policies of the FCC that denial of the application is justified. Prohibits the FCC from considering the applications of other persons for a broadcast station's facilities when the FCC is acting upon a license renewal application by a radio or television broadcast station. Permits persons holding construction permits or station licenses to transfer the permit or license without first obtaining an FCC finding that the transfer serves the public interest. Requires the FCC to be notified of such transfer. Provides for public notice of the transfer. Provides for disposition by the FCC of objections to such transfer. Prohibits the FCC from considering whether the public interest would be served by the transfer of the permit or license involved to a different person. Repeals certain provisions relating to the application of the antitrust laws. Prohibits the FCC from imposing requirements on radio or television licensees relating to: (1) programs; (2) programming formats; (3) ascertainment; (4) commercialization; and (5) maintenance of program logs.
United States · United States Congress · 11 December 1981
Repeals the provision of the Omnibus Budget Reconciliation Act of 1981 which eliminates child's insurance benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act for children aged 18 through 22 who attend postsecondary schools.
United States · United States Congress · 9 December 1981
Amends the Federal National Mortgage Association Charter Act to authorize the Secretary of Housing and Urban Development to direct the Government National Mortgage Association, during fiscal year 1982, to provide financial assistance to mortgagors by reducing the mortgage payments for certain new homes to amounts the payments would equal if the interest rates on such mortgages were 12 percent. Directs the Association to provide such assistance by: (1) purchasing and servicing mortgages; or (2) making payments to mortgagees on the principal of or interest on mortgage loans. Requires the Association to recapture the lesser of the amount of assistance provided to a mortgagor or 50 percent of the net appreciation of the assisted property whenever the property is sold or refinanced or whenever the property is no longer the mortgagor's principal place of residence. Directs the Secretary to provide that: (1) assistance is allocated among the regions of the country on the basis of each region's inventory of unsold, newly constructed homes; (2) the amount of assistance provided to any mortgagor shall not exceed $6,000; and (3) priority for assistance is given to first-time buyers who could not otherwise afford to buy and who are purchasing modest homes constructed by small homebuilders.
United States · United States Congress · 8 December 1981
Fair Practices in Automotive Products Act - Title I: Domestic Content Requirements for Motor Vehicles - Sets forth for all motor vehicle manufacturers which produce over 100,000 motor vehicles for ultimate retail sale in the United States "minimum domestic content ratios" (the domestic value, including labor and parts, of the manufacturer's production costs of all automotive products sold in the United States). Requires all vehicle manufacturers producing more than 50,000 motor vehicles for sale in the United States to provide information to the Secretary of Transportation for the purpose of administering this requirement. Authorizes the imposition of import restrictions on manufacturers violating such standards. Title II: Unfair and Deceptive Practices by Vehicle Manufacturers - Defines as an unfair method of competition and deceptive act or practice under the Federal Trade Commission Act the refusal of any vehicle manufacturer to determine whether parts produced in the United States by a parts manufacturer satisfy reasonable replacement part standards established by the vehicle manufacturer. Grants the Federal Trade Commission rulemaking authority to administer this title.
United States · United States Congress · 8 December 1981
Amends the Depository Institutions Deregulation Act of 1980 to suspend, during the period beginning on the date of the enactment of this Act and ending six months after such date, the authority of the Depository Institutions Deregulation Committee.
United States · United States Congress · 21 November 1981
Expresses the sense of the House of Representatives that the President and the Secretary of Housing and Urban Development should not restrict the Federal Housing Administration's mortgage insurance programs or the Government National Mortgage Association's mortgage-backed securities program below the levels authorized by Congress.
United States · United States Congress · 20 November 1981
Resolves that the economic policies currently in place must now be reconsidered in order to lower interest rates rapidly enough to effect an early, complete recovery from the recession and to prevent a resurgence of high interest rates in future years. Directs the President and the Board of Governors of the Federal Reserve System to undertake immediately: (1) an aggressive campaign designed to encourage banks to cease providing loans or lines of credit for unproductive takeovers and speculative purposes; (2) efforts to ensure access to the least expensive possible credit; and (3) studies to explore and report to the Congress on innovative techniques for managing the money supply and credit resources in times of tight credit. Directs the Board of Governors of the Federal Reserve System to reconsider its tentative decision to reduce the targets for monetary growth for 1982. Directs the President to nominate individuals for vacancies on the Board of Governors so that this Nation's agricultural and commercial interests, including housing and small businesses, will no longer be underrepresented on the Board.
United States · United States Congress · 12 November 1981
Condemns the treatment of Yuli Kosharovsky and his family by the Soviet Union. Expresses the sense of the House of Representatives that: (1) the President should express U.S. opposition to the refusal of the Soviet Union to permit Kosharovsky and his family to emigrate to Israel; (2) the Soviet Union should comply with international agreements and with its constitution by permitting the Kosharovsky's to emigrate; and (3) the Soviet Union should end its persecution of persons seeking to emigrate and its denial of basic religious, civil, and human rights to Jews.
United States · United States Congress · 12 November 1981
Expresses the sense of the Congress that policies of Jewish emigration discrimination and anti-Semitism are morally reprehensible. Urges the President to tell the Soviet Union that the United States opposes these policies and wants emigration restrictions on Soviet Jews removed.
United States · United States Congress · 10 November 1981
Expresses the sense of the Congress that regulations pertaining to nutritional requirements for meals under the National School Lunch Act be consistent with the goal of such Act to provide one-third of the recommended dietary allowance of nutrients in the school lunch program.
United States · United States Congress · 5 November 1981
Expresses the sense of the Congress that no limitation should be placed on the Federal income tax deduction for interest paid on a residential mortgage.
United States · United States Congress · 29 October 1981
Prohibits recovery of damages for the injury or death of a foreign seaman if the incident occurred while such seaman was engaged in certain activities.
United States · United States Congress · 29 October 1981
Constitutional Amendment - Requires Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are no greater than total receipts. Permits Congress in such statement to provide for a specific excess of outlays over receipts by a three-fifths vote directed solely to that subject. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the rate of increase in national income in the last calendar year ending before such fiscal year, unless Congress passes a bill directed solely to approving specific additional receipts and such bill has become law. Permits Congress to waive the provisions of this Act with respect to any fiscal year in which a declaration of war is in effect. Prohibits the Congress from requiring that the States engage in additional activities without compensation equal to the additional costs. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing and total outlays shall include all outlays of the United States except those for repayment of debt principal.
United States · United States Congress · 27 October 1981
Designates that section of the Baltimore-Washington Parkway within the State of Maryland as the Gladys Noon Spellman Parkway. Directs the Secretary of the Interior, in cooperation with the State of Maryland, to erect an appropriate marker commemorating the contributions of Gladys Noon Spellman. Authorizes appropriations.
United States · United States Congress · 22 October 1981
Requires the Maritime Administration to set aside specified surplus government ships for the use of LIFE International, a private nonprofit organization, to provide humanitarian services to developing countries. States that such set aside authority shall not apply when the ships are needed for national security purposes.
United States · United States Congress · 22 October 1981
Mining Reclamation Reserve Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer to elect an income tax deduction for additions to a reserve established for estimated expenses of future surface mining land reclamation activities attributable to mining activities conducted during the taxable year. Requires such reclamation activities to be conducted in accordance with a plan submitted pursuant to specified provisions of the Surface Mining Control and Reclamation Act of 1977 or other Federal or State law which imposes substantially similar reclamation and permit requirements. Prohibits revocation of such an election without the consent of the Secretary of the Treasury. Permits qualified reclamation expenses which are attributable to activities conducted before the first taxable year for which the accounting method allowed by this Act is elected to be treated as deferred expenses and to be deducted ratably over a 60 month period.
United States · United States Congress · 20 October 1981
Bankruptcy Improvements Act of 1981 - Amends title 11 of the United States Code (Bankruptcy) to establish an eligibility test for liquidation bankruptcy relief based on the individual petitioner's ability to pay a reasonable portion of his debts out of future income. Permits the court to dismiss a bankruptcy case under chapter 7 (liquidation) upon the motion of any party in interest filed not later than 30 days after the meeting of creditors, and after notice and a hearing, if the debtor is ineligible for relief under such title. Requires the bankruptcy judge to preside at any meeting of creditors and to perform such additional judicial duties any may be required. Declares that the value of the creditor's interest in the estate's interest in such property shall be determined in light of the purpose of the valuation and of the proposed disposition or use of such property, and in conjunction with any hearing on such disposition or use or on a plan affecting such creditor's interest. Declares that the value of consumer goods which the debtor seeks to redeem in liquidation shall be presumed to be the established resale market price, if such market exists. Requires the debtor in bankruptcy cases to file a statement of income and expenses. Requires the debtor, if the debtor's schedule of assets and liabilities includes consumer debts which are secured by property of the estate, to file and serve upon each creditor holding such security and the trustee, a statement expressing the debtor's intention with respect to retention or surrender of the collateral. Requires the debtor, at or before the meeting of creditors provided for by such title, to perform his intention with regard to such secured creditors. Repeals the provisions concerning exempt property and makes the States responsible for establishing exemptions to bankruptcy proceedings. Makes any debt which was incurred on or within 90 days before the date of the filing of a petition under such title nondischargeable. Allows creditors to enforce liens which have not been voided in bankruptcy. Permits reaffirmation of consumer debts subject to the debtor's right to rescind any such agreement within 60 days or until a discharge is received, whichever occurs later, by giving a written notice of rescission to the creditor. Declares that at the meeting of creditors the court shall inform the debtor of the nature and effect of a discharge. Eliminates the trustee's power to avoid liens or recover payments made within 90 days of filing petition in bankruptcy (within one year in the case of an insider) unless the creditor had reasonable cause to believe the debtor was insolvent. Permits the court, upon notice and hearing, to require a creditor to accept payments in redemption of the value of a claim secured by a nonpossessory, nonpurchase money security interest in tangible personal property, over a reasonable period not to exceed five years, if such tangible personal property consists of specified objects. Allows a creditor, upon 10 days notice to the debtor and codebtor, to collect any portion of a debt from the codebtor which is not being paid by the debtor through the adjustment of debts of such debtor with a regular income. Requires payments under an adjustment of debts payment plan to commence at the time of the filing of the plan. Provides for the return of such funds after deducting the costs of administration if no plan is confirmed. Provides for the separate classification of co-debtor claims and non-dischargeable claims and authorizes payment of them under an adjustment of debts payment plan. Allows a debtor to choose such a repayment plan of up to five years. Bases such repayment upon the debtor's ability to repay out of future income after taking into account the basic living necessities for the debtor and dependents. Provides for an early discharge of debts where at least 70 percent of all allowed unsecured claims are paid. Permits a hardship discharge of otherwise non-dischargeable debts to the extent the debtor attempted to pay such debts under an adjustment of debts payment plan.