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![Official portrait of Rep. Kelly, Richard [R-FL-5]](https://www.congress.gov/img/member/k000077_200.jpg)
United States · Official source
314 records where Rep. Kelly, Richard [R-FL-5] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 5 September 1980
Credit Control Sunset Act of 1980 - Amends the Credit Control Act to require the Board of Governors of the Federal Reserve System to report to Congress periodically on its operations under such Act. Terminates such Act on July 1, 1981.
United States · United States Congress · 24 July 1980
Farm Labor Contractor Registration Act Amendments of 1980 - Amends the Farm Labor Contractor Registration Act of 1963 to revise the definition of "farm labor contractor" to: (1) broaden specified exclusions from such definition (thus broadening certain exemptions from coverage under such Act); and (2) exclude from such definition (and such coverage) any nonprofit or cooperative association of farmers, growers, or ranchers, duly incorporated under appropriate State laws, and operated solely for the mutual benefit of the members thereof, and any full-time or regular employee of such association or cooperative who engages in such activity solely for such employer. Adds other definitions relating to such revisions. Revises the definition of "agricultural employment" to specify that listed activities take place on a farm or ranch. Limits the definition of "migrant worker" to mean (among individuals engaged in agricultural employment on a farm or ranch on a seasonal or temporary basis) only those who cannot regularly return to their domicile each day after working hours, or who are transported from and to their domicile each workday by the person who recruits, solicits, hires, or furnishes such worker for agricultural employment on a farm or ranch owned or operated by another person.
United States · United States Congress · 2 July 1980
Expresses the sense of the Congress that U.S. foreign policy should reflect a national strategy of peace through strength with specified principles and goals.
United States · United States Congress · 25 June 1980
Calls on the President, in the exercise of authority under the Davis-Bacon Act, to declare a national economic emergency and suspend the provisions of such Act and the provisions of all other Acts providing for the payment of wages on the basis of determinations of the Secretary of Labor concerning wage rates on public works projects under such Act.
United States · United States Congress · 10 June 1980
Expresses the sense of the Senate that the President instruct the Attorney General to prosecute all persons who violate the Logan Act and the executive order prohibiting travel to Iran, thereby giving color of right to illegal actions by the Government of Iran.
United States · United States Congress · 9 June 1980
Extends the congratulations of the Congress to the Order of the Sons of Italy in America for their 75th anniversary. Proclaims Sunday, June 22, 1980, as "National Italian-American Day."
United States · United States Congress · 4 June 1980
Extends the congratulations of the House of Representatives to the Order of the Sons of Italy in America for their 75th anniversary.
United States · United States Congress · 22 May 1980
Family Protection Act - States as the purpose of this Act the strengthening of the American family and the reversal of governmental policies which hinder its strength and prosperity. Title I: Education - Amends the General Education Provisions Act to prohibit payments under such Act to States or State or local educational agencies, which: (1) prohibit voluntary prayer in public buildings; (2) lack procedures for the involvement of parents and representatives of the community in decisions relating to the establishment or continuation of religious studies; (3) limit parental visits to public schools or classes or the right of parents to inspect their children's school records; (4) require the payment of dues or fees as a condition of employment for teachers; or (5) lack procedures for parental review of textbooks prior to their use in the classroom. Stipulates that no Federal funds may be made available for curricula which promote values contradictory to the demonstrated beliefs of the community or for textbooks which tend to deny the role differences between the sexes. Guarantees the right of any State or local educational agency to set qualifications for teachers, set attendance requirements for students, and to limit or prohibit the intermingling of sexes in sports or other school-related activities. Amends the National Labor Relations Act to exclude from the definition of employer any corporation or association operating a school. Amends the Internal Revenue Code to allow an income tax deduction for cash contributions to a savings account established to pay the expenses of a dependent child under the age of 22 at an educational institution (pre-school through college). Limits the amount of such deduction to $2,500 for a taxable year and permits only one account to be established on behalf of any individual. Exempts from income taxation, distributions from such accounts which are used exclusively to meet the educational expenses of the dependent child. Amends the Elementary and Secondary Education Act of 1965 to authorize appropriations for the payment of allotments to States for the financing of elementary and secondary school programs. Directs the Commissioner of Education to terminate the payment of such allotments if the programs for which funds are paid no longer comply with specified requirements. Permits judicial review of any finding of the Commissioner with respect to applications for funding or termination of payments to a State. Prohibits the exercise of Federal control over the curriculum, administration, or personnel of any State or local school system. Amends the Internal Revenue Code to grant tax-exempt status to an educational institution controlled by the parents of students enrolled in such institution. Provides for the termination of the tax exemption of a school which is found to discriminate in the hiring of teachers or the admission of students on the basis of race, nationality, or ethnic background. Denies jurisdiction to the U.S. Supreme Court to review any case arising out of a State statute or regulation which relates to voluntary prayer in public schools or buildings or to qualifications imposed by a State for the hiring of public school teachers. Title II: Welfare - Amends the Internal Revenue Code to allow individuals who maintain a household which includes a dependent who has reached age 65 a nonrefundable income tax credit not in excess of $250 for the taxable year. Allows such individuals to take an income tax deduction in lieu of the credit. Limits the amount of such deduction to $1,000 for the taxable year. Amends the Food Stamp Act of 1977 to disqualify students enrolled in post-secondary educational institutions from participation in the food stamp program if such enrollment is equivalent to full-time employment. Grants tax-exempt status to organizations providing day care for children. Allows contributors to a tax- exempt day care center to claim a business expense deduction for contributions not deductible as a charitable contribution. Directs the Secretary of the branch of the Armed Forces concerned to deduct from the monthly pay and allowances of a member of such Armed Forces, who is living separate from his or her dependents, an amount sufficient to provide for the support of such dependents. Title III: First Amendment Guarantees - Prohibits the Federal Government from imposing legal requirements upon the operation of a church organization which sponsors a child care center, orphanage, foster home, social action training program, emergency shelter for abused children or spouses, school, or juvenile delinquency or drug abuse treatment center or home. Amends provisions of the United States Code relating to judicial procedure to establish a legal presumption in favor of an expansive interpretation of a parent's role in supervising and determining the religious or moral formation of his child, in cases involving such issue. Title IV: Taxation - Amends the Internal Revenue Code to permit married individuals to compute on a separate basis the maximum retirement savings deduction to which each individual is entitled. Permits a maximum deduction of $3,000 for a spouse who is handicapped. Increases the zero bracket amount for married individuals filing separately to $2,300 (the same as for unmarried individuals). Imposes the same income tax rates upon married individuals filing separately as are imposed upon unmarried individuals. Specifies that an individual who works without compensation for a charitable, civic, religious, or political activity shall be considered to be gainfully employed for purposes of eligibility for the child care credit. Allows an additional personal tax exemption of $1,000 for each child born to, or adopted by, a taxpayer during the taxable year. Permits an exemption of $3,000 for the adoption of a handicapped child over the age of three whose parents are not of the same race. Allows an income tax deduction for contributions to a trust established by a taxpayer to provide care to such taxpayer's parents or handicapped relatives. Limits the amount of such deduction to $3,000 for a taxable year. Provides for the tax exemption of such trusts. Title V: Domestic Relations - Prohibits Federal preemption of State laws relating to child or spousal abuse, or juvenile delinquency. Prohibits the expenditure of Federal funds for such programs in any State unless the legislature of such State has specifically authorized such programs. Defines "child abuse" as physical maltreatment or psychological or emotional neglect. Excludes from such definition discipline or corporal punishment applied by a responsible parent or an individual authorized to act in the place of such parent. Grants tax-exempt status to organizations which provide for the treatment and care of individuals who suffer physical or psychological abuse from a spouse, parent, or other family member and to organizations which provide shelter, care, and medical treatment for individuals under the age of 18 who have run away from their homes. Requires federally-funded abortion and venereal disease treatment centers to notify parents of unmarried minors that such minors have requested an abortion, contraceptives, or are undergoing treatment for a venereal disease. Amends the Legal Service Corporation Act to place restrictions on the classes of individuals to whom legal assistance may be given and the circumstances under which such assistance may be given. Prohibits the expenditure of Federal funds to any organization which presents male or female homosexuality as an acceptable alternative life style or which suggests that it can be an acceptable life style. Amends the Civil Rights Act of 1964 to provide that any action taken by an employer against a homosexual shall not be considered an unlawful employment practice. Prohibits any instrumentality of the Federal Government from seeking to enforce nondiscrimination with respect to homosexuals. Title VI: Miscellaneous - Grants jurisdiction to U.S. district courts to hear any cases arising under this Act. Provides for a six-year statute of limitation. Provides a civil penalty for persons violating any provision or regulation promulgated pursuant to this Act. Requires the Secretary to report to Congress on the administration of this Act and the progress of the States in effectuating its provisions. Authorizes appropriations to carry out the provisions of this Act. Provides for the separability of provisions of this Act if any provisions are declared invalid.
United States · United States Congress · 21 May 1980
Expresses the opposition of Congress to the imposition of any withholding tax on interest-bearing bank accounts and on dividend income.
United States · United States Congress · 15 April 1980
Disapproves the President's imposition of import fees on petroleum and petroleum products pursuant to the Trade Expansion Act of 1962.
United States · United States Congress · 26 March 1980
Expresses the sense of Congress that: (1) the United States should increase the power of the transmitters and improve the quality and quantity of foreign language programs of the Voice of America, Radio Free Europe, and Radio Liberty; and (2) research should be undertaken to speed progress in the area of international mass communication media.
United States · United States Congress · 19 March 1980
Expresses the sense of the Congress that U.S. foreign policy should reflect a national strategy of peace through strength with specified principles and goals.
United States · United States Congress · 17 March 1980
Amends the Trade Expansion Act of 1962 to prohibit the President from taking action, pursuant to the President's authority to adjust the imports of articles which threaten national security, to impose import fees on petroleum and petroleum products imported into the United States without specific authorization from Congress, effective March 1, 1980.
United States · United States Congress · 12 March 1980
Designates the week commencing with the third Monday in February of 1981 as "National Patriotism Week."
United States · United States Congress · 27 February 1980
Amends the Federal Election Campaign Act to include any loan, payment, or gift made for the purpose of participating or intervening in a political campaign for certain offices within the definition of a "contribution or expenditure" by a national bank, a corporation, or a labor organization for purposes of such Act and the Public Utility Holding Company Act. Allows a corporation or labor organization to establish and administer a separate contributory fund for political purposes provided that all contributions for or to the fund are made voluntarily and are unrelated to any fees required for membership or employment in such organization or corporation. Prohibits the payment of any costs of establishing or administering the fund from moneys obtained in any commercial transaction.
United States · United States Congress · 7 February 1980
Family Business Ranch, and Farm Protection Act of 1980 - Amends the Internal Revenue Act, with respect to estate taxes, to reduce the value of any jointly held interest in a decedent's gross estate by up to 50 percent (not to exceed $500,000) of any real or tangible property devoted to use as a farm or to use in any other trade or business, where the decedent's spouse and/or children materially participated in the operation of such farm, trade, or business. Specifies a formula for the computation of the special value of any such interest. Imposes an additional tax to recapture any such tax benefits should the spouse and/or child dispose of any interest in such property within five years following the decedent's death.
United States · United States Congress · 30 January 1980
Authorizes the President to present, on behalf of the Congress, a gold medal of appropriate design to Ambassador Kenneth Taylor in recognition of his efforts to secure the return of six American Embassy officials in Tehran. Authorizes and directs the Secretary of the Treasury to cause to be struck such gold medal with suitable emblems, devices, and inscriptions.
United States · United States Congress · 28 January 1980
Intelligence Reform Act of 1980 - Amends the Foreign Assistance Act of 1961 to define "special activity" to mean activity conducted abroad to further official United States programs and policies which is planned and executed so that the role of the Government is not apparent or acknowledged publicly, but excluding diplomatic activity and the collection of intelligence or related support functions. Prohibits the expenditure of funds by the Central Intelligence Agency (CIA) for a special activity unless: (1) the President finds that the activity is important to the national security and reports such activity to the congressional select intelligence committees (current law requires such reporting to the "appropriate" congressional committees); or (2) the National Security Council (NSC) determines that the activity does not involve substantial resources or risks and falls within a category of special activities which (A) have been found by the President to be important to the national security, and (B) have been reported to the congressional select intelligence committees. Amends the Central Intelligence Agency Act of 1949 to exempt information in files maintained by an intelligence agency or component of the Government from the provisions of any law requiring publication or disclosure, if such files have been specifically designated by the Director of Central Intelligence to be concerned with: (1) scientific or technical systems for the collection of foreign intelligence; (2) special activities and foreign intelligence operations; (3) investigations to determine the suitability of potential foreign intelligence sources; and (4) intelligence liaison arrangements with foreign governments. Requires requests by U.S. citizens and permanent resident aliens for information concerning themselves to be processed in accordance with the Freedom of Information Act. Amends the National Security Act of 1947 to add a new title V, "Protection of Certain National Security Information." Establishes a maximum criminal penalty of ten years' imprisonment and/or a $50,000 fine for anyone who, having had authorized access to classified information, intentionally discloses to any individual not authorized to receive classified information any information that identifies an individual as an employee of an intelligence agency or as an agent, informant, or source of assistance to an intelligence agency, where the actor knows or has reason to know that the information so identifies such individual and that the United States is taking affirmative measures to conceal such individual's intelligence relationship to the U.S. Establishes a maximum criminal penalty of one year imprisonment and/or a $5,000 fine for anyone who with intent to impair the foreign intelligence activities of the U.S. discloses such information with such knowledge. Makes it a defense to such crimes that before the commission of the offense the United States had publicly acknowledged or revealed the intelligence relationship of the individual to the United States Stipulates that it shall not be an offense to transmit such information directly to the congressional intelligence committees. Defines "intelligence agency" for the purposes of such offenses to mean the CIA, any intelligence component of the Department of Defense, and any foreign intelligence component of the Federal Bureau of Investigation.
United States · United States Congress · 24 January 1980
Individual Investors' Incentive Act of 1980 - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit equal to ten percent of the cost of corporate securities purchased by such taxpayer during the taxable year. Limits the dollar amount of such credit to $1,000 ($2,000 for married individuals filing jointly). Requires the recapture of specified amounts of such credit if any securities for which the credit is allowed are disposed of by the taxpayer within one year of their purchase. Disqualifies estates, trusts, and nonresident aliens from eligibility for the credit.
United States · United States Congress · 23 January 1980
Authorizes the nonprofit use of copyrighted works. Limits the exclusive rights of an owner of a copyright to for profit uses. Extends the authorization for the nonprofit use of copyrighted works beyond face to face teaching activities and beyond services at religious assemblies. Permits the nonprofit performance of a nondramatic literary or musical work in a transmission to the public.
United States · United States Congress · 22 January 1980
Authorizes and requests the President to designate April 21 through April 28, 1980, as "Jewish Heritage Week."
United States · United States Congress · 22 January 1980
Authorizes and requests the President to issue a proclamation honoring the memory of Walt Disney on the 25th anniversary of his contribution to the American dream.
United States · United States Congress · 22 January 1980
Reaffirms the commitment of the House of Representatives to balance the Federal budget in fiscal year 1981.
United States · United States Congress · 20 December 1979
Amends the Tariff Schedules of the United States to prohibit the importation of any Cuban agricultural articles prior to January 1, 1990. Specifies those articles included in such prohibition.
United States · United States Congress · 20 December 1979
Provides for an exemption from the windfall profits tax for independent oil producers for an amount equal to 1,000 barrels of crude oil multiplied by the number of days in the taxable period.
United States · United States Congress · 20 December 1979
Authorizes and requests the President to designate June 27, 1980, as "Helen Keller Day."
United States · United States Congress · 12 December 1979
Designates the week of October 5 through October 11, 1980, as "National Diabetes Week."
United States · United States Congress · 12 December 1979
Expresses the sense of Congress that social security benefits should remain exempt from all taxation.
United States · United States Congress · 5 December 1979
Designates December 7, 1979, as "National Unity Day."
United States · United States Congress · 4 December 1979
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to prohibit the taxation of any title II benefits.
United States · United States Congress · 27 November 1979
Designates December 7, 1979, as "National Unity Day."
United States · United States Congress · 16 November 1979
Designates January 15 of each year as "Martin Luther King, Junior, Day."
United States · United States Congress · 24 October 1979
Amends the Bank Holding Company Act of 1956 to prohibit the Board of Governors of the Federal Reserve System from following any practice which would result in the denial of an application for the formation of a one-bank holding company solely because such a transaction involves a bank stock loan of 25 years or less.
United States · United States Congress · 12 October 1979
Amends the Farm Labor Contractor Registration Act of 1963 to redefine "farm labor contractor" to exclude: (1) any farmer, processor, canner, ginner, packing shed operator, or nurseryman who solicits migrant workers for his or her own operation (currently, excluded only if personally solicits); and (2) any employee of such individuals or nonprofit organization who solicits migrant workers solely for his or her employer (currently, excluded only if on no more than an incidental basis).
United States · United States Congress · 9 October 1979
Authorizes and requests the President to designate May 1, 1980, as "National Bicycling Day."
United States · United States Congress · 21 September 1979
Amends the Internal Revenue Code to provide that the exemption from excise tax on gasoline mixed with alcohol shall be equal to ten percent for each one percent, up to ten percent, of alcohol in such mixture. Makes such exemption permanent. Directs the Secretary of the Treasury to issue regulations permitting gasoline or kerosene to be used to denature alcohol produced for fuel purposes. Authorizes appropriations to reimburse the Highway Trust Fund for any loss of revenue resulting from the exemption provided by this Act.
United States · United States Congress · 11 September 1979
Constitutional Amendment - Limits the increase of total budget outlays of the United States Government during any fiscal year to a percentage equal to the percentage increase in the gross national product during the previous calendar year. Stipulates that if the inflation rate exceeds three percent annually the increase in total outlays shall be reduced by one-fourth the difference between the inflation rate and three percent. Requires any surplus in total revenues received by the Government to be used to reduce the public debt. Allows the limit on total outlays to be changed by a three-quarters vote of both Houses of Congress, or to meet an emergency declared by the President. Continues Federal aid programs to States and local governments for a period of six years. Prohibits Congress authorizing any United States agency from requiring that a State or local government engage in additional or expanded activities without compensation equal to the additional costs.
United States · United States Congress · 10 September 1979
Federal Firearms Law Reform Act of 1979 - Title I: Amendments to Gun Control Act - Amends the Gun Control Act of 1968 to redefine: (1) "manufacturer" to mean any person engaged in the "business of manufacturing" (instead of "manufacture" of) firearms or ammunition; and (2) "dealer" to exclude dealers in ammunition and persons engaged in the business of repairing firearms. Adds a new definition, "engaged in the business", with respect to manufacturers, dealers, and importers. Includes as a manufacturer of ammunition a person whose gross sales of his own ammunition exceed $1,000 in any calendar year. Includes as a dealer in firearms a person who deals in firearms as a regular course of business with the principal objective of livelihood and profit through the repetitive purchase and resale of firearms. Replaces the current term "crime punishable by imprisonment for a term exceeding one year" with a new definition of "disabling crime." Eliminates certain activities regarding ammunition from the coverage of the current prohibitions. Revises current provisions respecting the interstate sale or transfer of firearms. Revises the current prohibition against selling a firearm or ammunition to certain persons (such as persons under indictment for a felony or addicted to drugs) to apply such prohibition only to persons convicted of a disabling crime. Revises the current prohibition against certain persons transporting a firearm or ammunition in interstate commerce to: (1) extend such prohibition to possession or receipt in commerce or affecting commerce of any firearm or ammunition; (2) conform such prohibition to the new "disabling crime" provision; and (3) include as additional categories illegal aliens, persons dishonorably discharged from the Armed Forces, and persons who have renounced their United States citizenship. Makes the same changes to the current prohibition against certain persons who receive a firearm or ammunition which has been transported in interstate commerce, but applies such prohibition to persons who are employed by specified individuals. Excludes ammunition dealers from the current licensing requirements. Stipulates that the Secretary of the Treasury may revoke a license only where the holder of such license has "knowingly" violated a provision of the Act or regulation. Bars the Secretary from denying or revoking a license on the basis of violations under this Act which are alleged in criminal proceedings instituted against a licensee, but for which such individual has not been convicted. Imposes as a condition for the inspection or examination of records, documents, and any firearm or ammunition kept by an importer, manufacturer, or dealer pursuant to this Act that the Secretary has reasonable grounds to believe that a violation has occurred and that evidence may be found on the premises of such persons. Restricts the firearm information obtained from licensees which the Secretary may make available to State or local governments. Establishes a limited recordkeeping requirement for firearms collectors. Stipulates that the general penalty under this Act shall apply to whoever "willfully" violates any provision. Prohibits, with respect to a person's second or subsequent conviction for illegally using or carrying a firearm during the commission of a felony, the granting of parole before completion of the minimum sentence. Amends the forfeiture provision to subject to seizure any firearm or ammunition "involved in or used" in any violation of the Act (instead of "involved in or used or intended to be used"). Requires a court to award attorney's fees to the prevailing party (other than the United States) in an action or proceeding for the return of seized firearms or ammunition. Allows the court to award such fees in any other action upon a finding that the action was initiated in bad faith. Amends the rulemaking authority of the Secretary to provide that no regulation may require (1) the transfer of records required under this Act to a facility owned, managed, or controlled by the United States or any State or (2) the establishment of any system of registration of firearms, firearms owners, or firearms transactions. Requires a 90-day public comment period for proposed regulations (no period is currently specified). Allows one House of Congress to disapprove by resolution any firearms regulation within 90 days of continuous session of the promulgation of such rule. Set forth procedures for such resolutions. Prohibits the Secretary from prescribing any rules identical to regulations disapproved by Congress without the enactment of additional legislation respecting his authority. Prohibits the Secretary from prescribing regulations which require purchasers of black powder to complete affidavits or forms attesting to their exemption from certain provisions of the Federal criminal code. Makes any law or regulation promulgated by any State prohibiting the transfer of an unloaded and not readily accessible firearm or ammunition null and void. Title II: Amendments to title VII of the Omnibus Crime Control and Safe Streets Act of 1968 - Repeals title VII of the Omnibus Crime Control and Safe Streets Act (relating to the receipt, possession, or transportation of firearms by felons, veterans dishonorably discharged, mental incompetents, illegal aliens, and persons renouncing their United States citizenship).
United States · United States Congress · 6 September 1979
Authorizes and requests the President to designate the week of December 3 through December 9, 1979, as the "Boy Scouts Calendar Distribution Week."
United States · United States Congress · 2 August 1979
Amends the Rehabilitation Act of 1973 to authorize the Secretary of Health, Education, and Welfare to waive certain State agency organization requirements with respect to a State agency which demonstrates that such waiver would be consistent with the objectives of title I of such Act (Vocational Rehabilitation Services).
United States · United States Congress · 1 August 1979
Amends the Food Stamp Act of 1977, as amended by the Food Stamp Act Amendments of 1979, with respect to the excess medical expense deduction for households with members 60 years of age or older or recipients of social security disability payments or supplemental security income benefits, to: (1) apply such deduction to the medical expenses of the spouses of such persons; and (2) lower from $35 to $10 the threshold amount for computing such excess expenses.
United States · United States Congress · 1 August 1979
Tax Relief Act of 1979 - Title I: Individual Income Tax Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979 and to make permanent reductions for succeeding years. Provides for cost-of-living adjustments to individual income tax brackets and to the amount of the personal exemption. Provides that the amount of the personal exemption and the zero bracket amount applicable to a taxpayer shall determine whether such taxpayer is required to file an income tax return. Title II: Capital Cost Recovery - Revises the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits a taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year. Title III: Reduction of Payroll Taxes and Long-Range Financial Strengthening of the Social Security System - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to repeal the special increases in the contribution and benefit base, for purposes of determining amount of tax liability, for 1979 through 1981. Limits contribution and benefit bases to a maximum $22,900 in 1979 and 1980. Makes reductions in the social security tax rate and sets forth the tax rate through year 2010. Provides for the partial funding of title XVIII (Medicare), part A (Hospital Insurance Benefits for the Aged and Disabled) of the Social Security Act from general revenues.
United States · United States Congress · 13 July 1979
Farm Credit Act Amendments of 1979 - Title I: Federal Land Banks and Associations - Amends the Farm Credit Act of 1971 to authorize any Federal land bank, under the supervision of the Farm Credit Administration, to: (1) participate in loans with other Farm Credit System institutions (i.e., Federal land banks, Federal land bank associations, Federal intermediate credit banks, production credit associations, and banks for cooperatives); (2) participate in loans which the land banks are authorized to make with lenders which are not Farm Credit System institutions; (3) sell interests in loans to such lenders; (4) buy from and sell to Farm Credit System institutions interests in loans, other extended financial assistance, and nonvoting stock; (5) make other investments; (6) accept contributions to their capital from Federal land bank associations; (7) enter into agreements with other Farm Credit System institutions to share loan and other losses; (8) issue nonvoting stock to borrowers as a patronage refund; and (9) make or participate with other lenders in long-term real estate mortgage loans not exceeding 85 percent of the appraised value of the real estate security. Makes producers and harvesters of aquatic products eligible for Federal land bank services. Authorizes Federal land bank associations to make capital contributions to a Federal land bank. States that a member of a Federal land bank association need not make the required purchases of land stock with respect to that part of a loan derived from a lender which is not a Farm Credit System institution. Authorizes the Federal land bank associations to pay dividends on a differential basis between different classes and issues of stock and participation certificates corresponding to the value of such classes and issues to the capital or earnings of the Federal land bank in its district. Permits the Federal land bank associations to agree to share loan and other losses with other Farm Credit System institutions. Title II: Federal Intermediate Credit Banks and Production Credit Associations - Authorizes the Federal Intermediate Credit Banks, subject to the supervision of the Farm Credit Administration, to: (1) buy from and sell to Farm Credit System institutions interests in loans, other extended financial assistance and nonvoting stock; (2) make other investments; (3) agree to share loan and other losses with other Farm Credit System institutions; (4) participate with other Farm Credit System institutions in making loans; and (5) issue nonvoting stock to such institutions. Authorizes the Federal intermediate credit banks to discount for, or purchase from other financial institutions loans made to producers and harvesters of aquatic products. Permits any Federal intermediate credit bank to transfer more than 2.5 percent of its net earnings after expenses to its allocated reserve account (presently, not more than 25 percent of such earnings may be transferred to this account). Authorizes each production credit association, subject to the supervision of the intermediate credit bank in its district and the Farm Credit Administration, to: (1) buy from and sell to any bank in the Farm Credit System interests in loans, other financial assistance extended, and nonvoting stock; (2) participate in loans with other Farm Credit System institutions; (3) agree to share loan and other losses with other Farm Credit System Institutions; (4) issue participation certificates to eligible borrowers in lieu of nonvoting stock; and (5) issue participation certificates or nonvoting stock to any financial institution outside the Farm Credit System with which the association participates in a loan in satisfaction of the requirement that a borrower own such stock or participation certificates. Requires a borrower to own only that amount of stock or participation certificates which is proportionate to that portion of a loan retained by a production credit association when it participates with another lender in making a loan. Authorizes the production credit association to extend loan assistance to bona fide farmers, ranchers, and producers and harvesters of aquatic products for basic processing and marketing directly related to the borrower's operations. Title III: Banks and Cooperatives - Empowers each bank for cooperatives, subject to the supervision of the Farm Credit Administration, to: (1) participate with other Farm Credit System institutions in making loans; (2) deposit its securities and current funds with any domestic or foreign financial organization (presently, such deposits must be made at a member bank in the Federal Reserve System); (3) buy and sell bankers acceptances which are obligations of member banks in the Federal Reserve System; (4) buy and sell other obligations including those which arise in the course of transactions which the bank has assisted through loans; (5) buy from and sell to Farm Credit System institutions interests in loans, other financial assistance extended and nonvoting stock; (6) make other investments; (7) invest in foreign and domestic business entities to facilitate the obtaining of credit information and the performance of services related to international transactions; (8) maintain credit balances to assist in the transfer of funds between parties to authorized transactions; (9) agree to share loan and other losses with other Farm Credit System institutions; and (10) issue participation certificates to parties who may not be issued voting stock. Requires all participation certificates, voting and nonvoting stock issued by the banks for cooperatives to be retired at par value. Authorizes the banks for cooperative to: (1) offer a currency exchange for eligible cooperative associations; and (2) extend loans, loan participation commitments, and other technical and financial assistance to any domestic or foreign party in which a member cooperative has an ownership interest or which engages with the cooperative in dealings in agricultural or aquatic products, farm supplies or the lease of property, provided such assistance substantially benefits the member cooperative. Enables cooperatives solely engaged in furnishing aquatic business services to borrow from the banks for cooperatives. Reduces the degree of ownership in a cooperative which must be held by farmers, producers or harvesters of aquatic products, or other cooperative associations in order to make such a cooperative eligible to borrow from a bank for cooperatives. Requires a bank for cooperatives to retire any equity held by a borrower in default or dissolution at fair market value not to exceed the par value of the equity interest of the borrower. Prohibits the retirement or cancellation of such an equity interest if the bank's capital structure would be adversely affected. Permits each bank for cooperatives to transfer more than 25 percent of its net annual savings to a surplus account. Authorizes the banks for cooperatives to pay patronage refunds to borrowers in the form of participation certificates. Title IV: Provisions Applicable to Two or More Classes of Institutions of the System - Declares that interest rates established by the Farm Credit Administration for loans made by Farm Credit System institutions shall preempt any interest rate limitation imposed by State law. States that when two or more Farm Credit System institutions participate in a loan as authorized by this Act, the terms of such loan shall be those agreed upon by the institutions. Requires that such factors as borrower eligibility, membership, term, amount, loan security and purchase of stock or participation certificates by the borrower are to be governed by the provisions of law applicable to the institution originating the loan. Exempts credit transactions of Farm Credit System institutions from the provisions of any State statute or any other law or regulation which impose, with regard to a credit transaction, any duty or requirement which had been imposed by the Truth in Lending Act before amendment. Authorizes the institutions of the Farm Credit System to organize corporations to perform non-lending functions and services which such institutions are authorized to perform. Empowers the Governor of the Farm Credit Administration to review and revise the charters of such corporations. States that such corporations shall be subject to supervision and examination by the Administration. Title V: District and Farm Credit Administration Organization - Revises the process for the election of farm credit district directors by reducing from three to two the number of nominees in the election poll. Establishes the rate of compensation for the Federal Farm Credit Board at the daily equivalent of the rate prescribed for grade GS-18 of the General Schedule. Authorizes the Board to fix the salary of the Governor of the Farm Credit Administration at any level not exceeding the maximum rate of basic pay in the Executive Schedule. Authorizes the Governor to appoint Deputy Governors to provide assistance in the functioning of the Farm Credit Administration. Exempts the Administration from provisions of Federal law relating to appointments in the competitive civil service, travel expenses, allowances, procurement, and property disposition. Credits employees of Farm Credit System institutions with specified leave and retirement benefits when they are transferred to Federal service in the Farm Credit Administration.
United States · United States Congress · 28 June 1979
Appropriates $513,000,000 to the Administrator of General Services for fiscal year 1980 for purchasing silver for stock piling under the Strategic and Critical Materials Stock Piling Act.
United States · United States Congress · 28 June 1979
Student Freedom of Choice Act of 1979 - Amends the National Labor Relations Act and the Railway Labor Act to provide that no employer shall justify discrimination against any employee for nonmembership in or failure to support a labor organization if the employee is a student enrolled in a full-time program of secondary, vocational, or higher education.
United States · United States Congress · 28 June 1979
Amends the National Labor Relations Act and the Railway Labor Act to eliminate all provisions authorizing union security agreements (requiring union membership as a condition of employment).
United States · United States Congress · 27 June 1979
Capital Cost Recovery Act of 1979 - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year.
United States · United States Congress · 6 June 1979
Defense Production Act Amendments of 1979 - Amends the Defense Production Act of 1950 to authorize the President to allow the Department of Energy and the Tennessee Valley Authority to guarantee loans for the purpose of expediting deliveries or services with respect to national defense contracts. Increases the maximum loan which any Federal agency may guarantee under such Act without the approval of Congress from $20,000,000 to $38,000,000. Requires notification to specified Congressional committees of any proposed obligation above such limit. Authorizes the agency involved to guarantee such a loan if neither House of Congress disapproves of such action within a specified time. Authorizes the President to provide loans to private business enterprises for the production of energy. Increases the ceiling for loans made to private enterprises pursuant to such Act from $25,000,000 to 48,000,000. Extends the President's power under such Act to purchase raw materials for the national defense through fiscal year 1995. Directs the President to attempt to achieve a national production goal of at least 500,000 barrels per day crude oil equivalent of synthetic fuels and synthetic chemical feedstocks within five years. Authorizes and directs the President to require fuel and chemical feedstock suppliers to provide synthetic fuels and synthetic chemical feedstocks in any case where the President deems it practicable and necessary to meet national defense needs. Authorizes the President, in carrying out these objectives, to: (1) contract for purchases or commitments to purchase synthetic fuels and synthetic chemical feedstocks which may be for Government use or resale; and (2) encourage the development and production of such synthetic fuels and feedstocks for national defense preparedness. Terminates the President's authority to enter into such contracts at the end of fiscal year 1995. Sets forth procedures for the awarding and performance of such contracts. Authorizes the President to organize corporations to meet the production goal for synthetic fuels and feedstocks as set forth in this Act. Sets forth Congressional oversight measures with respect to the formation of such corporations. Authorizes appropriations of $2,000,000,000 for synthetic fuel and feedstock contracts as authorized pursuant to this Act. Extends specified provisions of such Act through fiscal year 1980.
United States · United States Congress · 5 June 1979
Congratulates the men and women of the Apollo program upon the tenth anniversary of the first manned landing on the Moon and requests the President to designate the period of July 16 through July 24, 1979, as "United States Space Observance" in honor of such event.
United States · United States Congress · 24 May 1979
Amends the Food Stamp Act of 1977, with respect to households composed entirely of persons who are 60 years of age or older or who receive supplemental security income benefits under title XVI of the Social Security Act (or who receive aid or assistance under a State plan approved under title I, X, XIV, or XVI of such Act), to entitle such households to a medical expense deduction equal to the amount by which monthly medical or dental care expenses exceeds the amount of the standard deduction (but not to exceed an increment of $100).