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Official portrait of Rep. LaFalce, John J. [D-NY-29]

Rep. LaFalce, John J. [D-NY-29]

United States · Official source

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5,039 records where Rep. LaFalce, John J. [D-NY-29] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 13861 (95th)referred

A bill to repeal the McCarran-Ferguson Act.

United States · United States Congress · 14 August 1978

Repeals the McCarran-Ferguson Act which provides exemptions from the antitrust laws for the business of insurance.

Bill· HRH.R. 13862 (95th)referred

A bill to amend the McCarran-Ferguson Act to define the business of insurance.

United States · United States Congress · 14 August 1978

Amends the McCarran-Ferguson Act defining the "business of insurance" to exempt insurance companies from application of the antitrust laws only when such companies' activities directly affect the solvency and reliability of insurers, or directly relate to the underwriting of risks. Specifies that insurance advertising activities are to be subject to the antitrust laws.

Bill· HRH.R. 13864 (95th)referred

A bill to amend the McCarran-Ferguson Act to require effective state regulation of business of insurance to obtain exemption from certain Federal laws.

United States · United States Congress · 14 August 1978

Amends the McCarran-Ferguson Act to allow the repeal of the exemption of the insurance business from the Federal antitrust laws when the Federal Trade Commission determines that State regulation of insurance is not effective in achieving the purposes of such laws.

Bill· HRH.R. 13851 (95th)referred

Sludge Management Act

United States · United States Congress · 14 August 1978

Sludge Management Act - Directs the Administrator of the Environmental Protection Agency to study the environmental, health, and economic effects of subsurface landfilling sludge on soils and ground water, and alternate methods of sludge disposal. Directs the Administrator to develop guidelines for sludge disposal and land-spreading in order to protect the public health and welfare. Authorizes the Administrator to make grants to States and localities of up to 40 percent of the cost of removal of sludge from navigable waters of the United States or any adjacent shoreline. Directs the Administrator to establish an Environmental Protection Agency Task Force on sludge removal. Authorizes the establishment of programs of training, demonstration, and surveys relating to the restoration of water quality where degraded by sludge. Amends the Federal Water Pollution Control Act to prohibit grants for treatment works, after September 30, 1976, unless the applicant demonstrates that adequate confined disposal methods will be provided.

Bill· HRH.R. 13847 (95th)referred

Federal Reserve Act Amendments

United States · United States Congress · 11 August 1978

Federal Reserve Act Amendments - Amends the Federal Reserve Act to authorize the Board of Governors of the Federal Reserve System to require specified depository institutions to submit to the Board such periodic financial reports as the Board determines to be necessary for it to control and monitor monetary aggregates. Subjects to reserve requirements any bank that is either an insured bank or is eligible to apply to become an insured bank under the Federal Deposit Insurance Act. Exempts savings and mutual savings banks as defined in such Act from reserve requirements. Requires such banks to maintain reserves against their reservable liabilities, as such term is defined in this Act, at a rate of six percent, or at such other rate between five and one-half and six and one-half percent as the Board may by requlation prescribe. Sets forth a formula for determining the amount of reservable liabilities held by such banks. Eliminates the use of different reserve ratios for member banks not in reserve cities. Authorizes the Board to impose reserve requirements outside the limits established by this Act for 30-day periods upon a finding that extraordinary circumstances require such action. Authorizes the Board to establish additional reserve requirements against: (1) net balances owed by domestic offices of banks in the United States to foreign offices or banks; and (2) loans to United States residents made by overseas offices of banks with offices in the United States. Grants certain privileges of member banks in the Federal Reserve System to nonmember banks maintaining reserves required by this Act.

Bill· HJRESH.J.Res. 1110 (95th)referred

A joint resolution making the congressional determination that a simple majority of each body of a State legislature is sufficient for the purposes of proposed constitutional amendments for which the mode of ratification is by State legislatures.

United States · United States Congress · 9 August 1978

Makes the Congressional determination that a simple majority of each body of a State legislature is sufficient for the ratification of proposed Constitutional amendments for which the mode of ratification is by three-fourths of the State legislatures.

Bill· HRH.R. 13760 (95th)referred

Amateur Sports Act

United States · United States Congress · 7 August 1978

Amateur Sports Act - Title I: Declaration of Policy - Makes findings and states that the policy of Congress is to promote amateur athletics and protect the right of amateur athletes to participate in athletic competition. Title II: Olympic Committee Reorganization - Amends the corporate charter of the Olympic Committee to (1) provide for a principal place of business of the United States Olympic Committee (Corporation); (2) set forth the objectives and purposes of the Corporation; (3) set forth the powers of the Corporation; (4) provide reasonable representation for specified individuals and organizations in establishing and maintaining provisions for the governance and conduct of its affairs; and (5) subject to civil liability any person who uses an Olympic designation without authority to promote a private financial interest. Permits contributors or suppliers of goods or services to use the name of the United States Olympic Committee or its designation to advertise that such goods or services have been furnished to, approved, or selected by the Corporation. Requires the Corporation to establish in its constitution and bylaws provisions for the resolution of disputes involving the opportunity of an amateur athlete or other specified individuals to participate in sanctioned athletic competitions. Authorizes the Corporation to recognize as a national governing body any amateur sports organization (but only one for each sport) which submits an application for recognition and complies with eligibility requirements. Sets forth such eligibility requirements. Sets forth the duties and powers of a national governing body and the requirements which an amateur sports organization must meet to hold an athletic competition or sponsor athletes in competition and be sanctioned by a national governing body. Grants to the Corporation the power of review over the actions of any national governing body and invests a United States district court with jurisdiction to enjoin any action of a national governing body inconsistent with the terms of the Corporate charter. Sets forth procedures for the Corporation in (1) processing a complaint against a national governing body by an individual athlete or an amateur sports organization; (2) revoking recognition of a national governing body; and (3) replacing an incumbent national governing body. Provides for arbitration of a determination of the Corporation. Authorizes the Secretary of Commerce to lend financial assistance to the Corporation in developing amateur athletics in the United States. Authorizes appropriations for carrying out the work of the national governing bodies. Directs the Secretary to conduct a feasibility study to determine the most appropriate means of providing funding to the Corporation for the construction and operation of training centers and sports medicine research facilities.

Bill· HRH.R. 13744 (95th)referred

A bill to establish parity of interest rates on savings accounts linked to checking accounts by means of automatic transfers.

United States · United States Congress · 4 August 1978

Prohibits the establishment by State or Federal law of interest rate differentials between: (1) banks, other than savings banks, the deposits of which are insured by the Federal Deposit Insurance Corporation; and (2) savings and loan, building and loan, or homestead associations (including cooperative banks) the deposits of which are insured by the FSLIC, or mutual savings banks, on savings accounts from which automatic transfers to third-party payment accounts may be made pursuant to the prearranged agreement of depositors or account holders.

Bill· HRH.R. 13718 (95th)referred

A bill to amend Section 310(b) of the Small Business Investment Act of 1958.

United States · United States Congress · 2 August 1978

Amends the Small Business Investment Act of 1958 to subject corporations which are general partners to small business investment companies to examinations by the Small Business Administration in the same manner as such investment companies are currently examined. Authorizes the Administrator of the Small Business Administration to waive the requirement that such examinations be conducted annually, provided 24 months do not elapse between successive examinations.

Bill· HRH.R. 13683 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to suspend the imposition of interest and to prohibit the imposition of a penalty for failure to pay tax on underpayments of tax resulting from erroneous advice given in writing by the Internal Revenue Service.

United States · United States Congress · 1 August 1978

Amends the Internal Revenue Code to exempt taxpayers from the payment of interest or a penalty on tax deficiencies attributable to erroneous advice obtained in writing from an Internal Revenue Service Officer or employee acting in an official capacity.

Bill· HRH.R. 13603 (95th)referred

A bill to amend chapter 5 of title 37, United States Code, to revise the special pay structure relating to medical officers of the uniformed services.

United States · United States Congress · 26 July 1978

Directs the Secretary of Defense, in computing incentive pay for medical officers of the uniformed services, to prescribe a system through which variable incentive pay may be reduced or adjusted to reflect amounts the Federal Government has paid to, or benefits received by, medical officers prior to the commencement of their active duty.

Bill· HRH.R. 13497 (95th)referred

Urban Park and Recreation Recovery Act

United States · United States Congress · 17 July 1978

Urban Park and Recreation Recovery Act - Authorizes the Secretary of Housing and Urban Development to establish an urban park and recreation recovery program to provide financial assistance for rehabilitation of recreation areas and facilities in the form of challenge grants to local governments. Sets the requirements for grant eligibility. Directs the Secretary to promulgate funding priority regulations, for processing and approval of grant proposals, which include the use of objective data to measure comparative need for assistance among local governments. Requires regulations to include criteria evaluating the extent to which local governments have demonstrated results in providing equal opportunity housing.

Bill· HRH.R. 13496 (95th)referred

Anti-Inflation Tax Relief Act

United States · United States Congress · 17 July 1978

Anti-Inflation Tax Relief Act - Amends the Internal Revenue Code to provide for annual cost-of-living adjustments to the individual income tax rates, personal exemption amounts, withholding tax amounts and the minimum amounts of income which necessitate filing a return.

Bill· HRH.R. 13471 (95th)open

Financial Institutions Regulatory Act

United States · United States Congress · 13 July 1978

Financial Institutions Regulatory Act - Title I: Supervisory Authority Over Depository Institutions - Creates civil penalties for specified insiders loans and loans to affiliates, prohibited by the Federal Reserve Act, for violations of reserve borrowing loan limits. Amends the Federal Reserve Act to prohibit member banks from making loans to insiders under specified conditions. Amends the Bank Holding Company Act of 1956 to authorize the Board of Governors of the Federal Reserve System to order the termination of control or ownership by a bank holding company of any of its nonbank subsidiaries whenever they constitute a serious risk to the financial safety of a subsidiary bank of the holding company. Amends the National Housing Act by authorizing the Federal Savings and Loan Insurance Corporation to order the termination of ownership or control of any noninsured subsidiary by a savings and loan holding company whenever there is reasonable cause to believe that continued ownership constitutes unsafe and inconsistent banking practice. Grants authority to the Federal Savings and Loan Insurance Corporation to make loans to a savings and loan association in order that it may buy the assets of a failing savings and loan institution so as to prevent the failure of such institution. Prescribes penalties for the violation of any provision of this Title. Authorizes financial regulatory agencies, including the National Credit Union Administration and the Federal Home Loan Bank Board, to initiate cease and desist actions against officers, directors, stockholders, or any person participating in the affairs of a financial institution (as well as against the institution itself as is allowed by current law) when there have been violations of laws and regulations or unsafe and unsound banking practices which are likely to seriously weaken the condition of the institution in question. Sets forth a procedure to be followed for removal of any officer or director for breach of fiduciary duty. Increases the allowable mortgage and education loans to executive officers of banks. Creates a hearing process for removal of a bank officer or director based on an indictment for or conviction of a felony. Title II: Interlocking Directors - Depository Institution Management Interlocks Act - Prohibits interlocking management and director relations between any depository institutions or depository holding companies located in the same metropolitan area. States that this prohibition applies without regard to geographical limits where such an institution has assets exceeding $1,000,000,000 and seeks an interlocking relationship with any institution with assets over $500,000,000. Delegates authority for the enforcement of this Act. Title III: Foreign Branching - Amends the Federal Deposit Insurance Act to prohibit any State nonmember insured bank from operating any foreign branch without prior written consent of the Federal Deposit Insurance Corporation (FDIC). States that when the liabilities of an insured bank for deposits are assumed by another insured bank the following shall occur: (1) the insured status of the bank whose liabilities are assumed shall terminate on the date of receipt by the FDIC of evidence of such assumption; (2) termination of separate insurance of all assumed deposits at the end of six months from the effective date; and (3) notification of such assumption by the assuming bank to each of the depositors of the assumed bank. Amends existing requirements for the reporting and assessment of deposits accumulated for the payment of personal loans when such deposits are assigned or pledged to assure the payment of such loans at maturity. Title IV: Conflicts of Interest - Depository Institutions Conflict of Interests Act - Amends the Federal Deposit Insurance Act, the Federal Reserve Act and the Federal Home Loan Bank Act to prohibit specified Presidential-appointee bank regulatory agency heads and members of such agencies from being employed for a period of two years after they leave office by institutions under their regulatory jurisdiction or with a holding company affiliate. Prohibits such individuals from appearing before the board of their respective agencies, either formally or informally, from contacting such board, directly or indirectly, orally or in writing, or from acting as agent or attorney for any other person, other than the United States, before such board for a period of two years immediately following their employment. Title V: Credit Union Restructuring - Reorganizes the National Credit Union Administration and places it under the management of the National Credit Union Administration Board. Directs the chairperson of such Board to represent the Administration in its official relations with other branches of Government. Restricts the employment and activities of Board members for a period of two years immediately following their employment. Requires each Federal credit union to pay the Administration an annual operating fee and to make annual financial reports to the Board. Title VI: Change in Bank Control Act - Amends the Federal Deposit Insurance Act to prohibit any person from acquiring any insured bank or bank holding company unless the appropriate Federal banking agency has been notified and has not issued a notice of its disapproval within a specified time period. Prescribes the procedure to be followed by any agency in making its determination to approve or deny such change of control. Title VII: Change in Savings and Loan Control Act - Amends the National Housing Act to prohibit any person from acquiring control of any federally insured savings and loan association or holding company unless the Federal Deposit Insurance Corporation has been notified and has not issued a notice of its disapproval within a specified time period. Prescribes the procedure to be followed by the Corporation in making its determination to approve or deny such change of control. Requires any insured institution to disclose any loan secured, or to be secured, by 25 percent or more of the outstanding voting stock of an insured institution to the Corporation. Prescribes civil penalties for violations of this Title. Title VIII: Correspondent Accounts - Prohibits the extension of credit to any officer, director, or specified stockholders of a bank which has a correspondent relationship with the lending bank, in its own name or in the name of another bank, unless such loan does not: (1) involve more than the normal risk of repayment; (2) include unusual terms of interest or collateral; or (3) present any other unfavorable features. Prohibits the establishment of a correspondent account where a loan already has been made to any officer, director, or specified stockholders of the bank desiring to open the account. Prescribes civil penalties for violations of this Title. Requires each executive officer and each stockholder who directly or indirectly owns, controls, or has the power to vote more than ten percent of any class of voting securities of an insured bank, to submit a written report to the board of directors of such bank for any year in which such officer or stockholder has outstanding an extension of credit from a bank which maintains a correspondent account in the name of such bank. Requires such report to include: (1) the maximum amount of indebtedness to the bank maintaining the correspondent account of such officer or stockholder and of each company, political or campaign committee which will benefit or is controlled by such officer or stockholder; (2) the maximum amount of such indebtedness as of a date not more than ten days prior to the filing of the report; (3) the range of interest rates charged on such indebtedness; and (4) the terms and conditions of such indebtedness. Requires each insured bank to compile and submit such reports to specified regulatory agencies. Title IX: Disclosure of Material Facts - Amends the Federal Deposit Insurance Act to list information which must be included in an annual report to be made by each insured bank to the appropriate Federal banking agency. Title X: Federal Financial Institutions Examination Council - Federal Financial Institutions Examination Council Act - Establishes a Financial Institutions Examinations Council to prescribe uniform principles and standards for the Federal examination of financial institutions. Defines the term "financial institution" to mean: (1) a commercial bank; (2) a savings bank; (3) a trust company; (4) a savings and loan association; (5) a building and loan association; (6) a homestead association; (7) a cooperative bank; and (8) a credit union. Directs that one-fifth of the operating costs of the Council be paid by each of the Federal financial institution regulatory agencies. Directs the Council to make recommendations for uniformity in other supervisory matters, including classification of loans subject to risk and identification of financial institutions in need of special supervisory attention. Requires the Council to establish a liaison committee composed of five representatives of State supervisory agencies in order to encourage the application of uniform examination principles and standards by State and Federal Supervisory agencies. Title XI: Right to Financial Privacy - Right to Financial Privacy Act - Prohibits any Government authority from obtaining copies of, access to, or the information contained in, the financial records of any customer from a financial institution unless such records are reasonably described and: (1) such customer has authorized such disclosure in accordance with this Act; (2) such records are disclosed in response to an administrative subpena or summons; (3) such records are disclosed in response to a court order; (4) such records are disclosed in response to a judicial subpena; or (5) such financial records are disclosed in response to a formal written request meeting specified requirements. Requires in all cases that the customer be notified of the agency seeking such records, the purpose for which such records are sought, and the rights of customers under this Act. Establishes specific conditions and procedures for the delay of notice to a customer. States that no financial institution may provide to a Government authority copies of or the information contained in the financial records of any customer except in accordance with the requirements of this Act. Sets forth provisions governing customer authorization, administrative subpenas and summonses, judicial subpenas, and search warrants. Establishes procedures for a customer to challenge the disclosure of financial records. Provides exceptions to the provisions of this Act and special procedures for the disclosure of records to the Secret Service and government authorities acting in the field of foreign intelligence. Establishes civil penalties and the right to injunctive relief without regard to the amount in controversy for violation of the provisions of this Title. Establishes conditions on the use of financial records about a customer obtained under the authority of a Federal grand jury. Title XII: Charters for Thrift Institutions - Amends the Home Owners' Loan Act to authorize the Home Loan Bank Board to provide for the organization, chartering operation, and regulation of associations to be known as Federal Savings and Loan Associations or Federal mutual savings banks. Subjects converting mutual savings banks to the requirements of existing State law pertaining to discrimination in the extension of home mortgage loans if the State requirements are more stringent than Federal laws and regulations. Establishes a five year shared risk program in the event that a converting insititution fails. Title XIII: Holding Companies - Amends the Bank Holding Company Act of 1956 to prohibit a bank holding company from providing insurance as a principal, agent, or broker except: (1) where the insurance is to secure a credit transaction; (2) where the insurance is sold in a community with a population of less than 5,000 or that has no other adequate insurance agency facilities; (3) where the insurance is sold by a bank holding company or its affiliate lawfully engaged in insurance activities prior to June 6, 1978; or (4) where the bank holding company engaged in insurance activities has assets of $50,000,000 or less. Title XIV: Amendments to the National Banking Laws - Makes changes with respect to the following: (1) the power of national banks to purchase, hold, and convey real property; (2) the trust powers of national banks; (3) the emergency restrictions on Federal Reserve banks; and (4) examination of foreign operations of State member banks. Allows an individual who holds the required number of shares in a company that controls a banking association to serve as a director of that association. Permits a banking association to purchase shares of stock in a State chartered bank insured by the Federal Deposit Insurance Corporation if the stock of such bank is owned exclusively by other banks and if such bank is exclusively engaged in providing banking services for other banks, their officers, directors or employees. Limits the total amount of such stock which may be held by an association to five percent of its capital stock and paid in unimpaired surplus. Title XV: Termination of National Bank Closed Receivership Fund - Directs the Comptroller of the Currency to disburse the liquidating dividends from national banks closed on or before January 22, 1934, held by the Comptroller in the capacity as successor to receivers of those banks. Title XVI: Transaction Accounts - Permits any depository institution chartered by the Federal Home Loan Bank Board and located in a State which authorizes State-chartered institutions insured by the Federal Savings and Loan Insurance Corporation to offer transaction accounts permitting withdrawals or transfers of account on negotiable, transferable, or nonnegotiable check, order, or authorization, as determined by the Board, to offer comparable services to the extent authorized by the Board. Authorizes the Board to allow depository institutions located in the District of Columbia to offer transaction accounts if depository institutions in Virginia and Maryland are permitted to offer such accounts. Title XVII: Financial Regulation Simplification Act - Requires the Federal financial regulatory agencies to establish a program which assures periodic review of existing regulations to insure that: (1) the need for and purposes of a regulation are clearly established; (2) timely participation is available to the public, financial institutions, and other Federal, State and local agencies; (3) alternatives to the promulgation of regulations are considered; (4) compliance costs, paperwork and other problems are minimized; and (5) conflicts, inconsistencies and duplication between the regulations of Federal agencies are avoided. Terminates this Title five years after its effective date. Title XVIII: Alternative Mortgage Instruments - Permits federally chartered savings and loan associations to offer alternative mortgage instruments where State law, rules, or regulations, allow State chartered savings and loan associations to offer such instruments. Tile XIX: Prohibition on Credit Card Surcharges - Repeals the prohibition on the imposition of surcharges for payment by credit card in sales transactions. Title XX: Effective Date - Sets forth the effective date for this Act.

Law· HRH.R. 13418 (95th)open

A bill to amend the Small Business Act by transferring thereto those provisions of the Domestic Volunteer Service Act of 1973 affecting the operation of volunteer programs to assist small business, to increase the maximum allowable compensation and travel expenses for experts and consultants, and for other purposes.

United States · United States Congress · 11 July 1978

Amends the Small Business Act and the Domestic Volunteer Service Act of 1973 to transfer to the Small Business Administration the authority to conduct a program of volunteer assistance for small businesses. Includes the transfer of the SCORE (Service Corps of Retired Executives) and ACE (Active Corps of Executives) programs to the Administration from the ACTION Agency. Increases the maximum allowable compensation and travel expenses for experts and consultants employed by the Administrator of the Small Business Administration to the maximum amounts payable under the executive schedule for Federal employees.

Bill· HRH.R. 13408 (95th)referred

Peace Corps Reform Act

United States · United States Congress · 11 July 1978

Peace Corps Reform Act - Amends the Peace Corps Act to re-declare the purpose of such Act to be to assist least advantaged people and countries in meeting basic living needs, strengthening development programs, and furthering a spirit of voluntary action. Creates the Peace Corps as a government corporation, with authority for operations vested in a Presidentially appointed Board of Directors. Establishes in the Peace Corps an Advisory Council to evaluate Corps policies and programs. Directs the Peace Corps to request host governments to establish advisory councils to advise Peace Corps Country Directors and host country government officials on Corps operating procedures. Requires the Board (formerly the President) to appoint the Director of the Peace Corps. Directs the Corps to coordinate programs with other volunteer and development organizations. Repeals specified provisions of the Peace Corps Act which empower the President and Secretary of State to carry out such Act. Increases from $125 to$150 the readjustment allowance for Peace Corps volunteers. Prohibts the assignment of volunteers to the clerical staffs of Peace Corps representatives abroad. Prohibits volunteers from serving more than five years in any ten-year period without personal approval from the Director. Requires the Corps, in encouraging volunteers to continue their contributions to good will development, to assist in the readjustment of, and utilization of skills developed by, former volunteers. Includes spouses living with volunteers as eligible to receive living and other allowances, health care, language training, and other benefits. Eliminates the position of "volunteer leaders" from the Peace Corps and makes conforming amendments to the Internal Revenue Code. Amends the Domestic Volunteers Service Act of 1973 to eliminate one of the two Associate Directors of ACTION.

Resolution· HCONRESH.Con.Res. 661 (95th)referred

A resolution expressing the sense of the House that the President undertake discussions with the other industrialized countries with a view toward establishing, in cooperation with the member countries of the Organization of Petroleum Exporting Countries (OPEC) which are in current account surplus, a major capital pool for productive investment in the developing countries.

United States · United States Congress · 11 July 1978

Declares it the sense of the House of Representatives that the President undertake discussions with the other industrialized countries with a view toward establishing, in cooperation with the member countries of the Organization of Petroleum Exporting Countries (OPEC) which are in current account surplus, a major capital pool for productive investment in the developing countries.

Resolution· HCONRESH.Con.Res. 662 (95th)referred

A resolution expressing the sense of the House that the President undertake discussions with the industrialized countries with a view toward developing a common approach to the grave problems facing today's international monetary system.

United States · United States Congress · 11 July 1978

Declares it the sense of the House of Representatives that (1) the President recognize the severity of the international monetary crisis; (2) the President undertake discussion with the other industrialized countries to develop a common approach to this crisis; and (3) the approach should focus on a long-term solution to the crisis caused by exclusive reliance on the dollar as the key international monetary reserve asset.

Bill· HRH.R. 13315 (95th)referred

Medicare Home Health Amendments

United States · United States Congress · 28 June 1978

Medicare Home Health Amendments - Amends Title XVIII (Medicare) of the Social Security Act to remove the 100 visit limitation presently applicable to home health care services under such Title. Eliminates prior hospitalization as a condition of eligibility for home health care services under part A (Hospital Insurance Benefits for the Aged and Disabled) of such Title. Eliminates confinement to home as a requirement for receiving home health care services under part B (Supplementary Medical Insurance Benefits for the Aged and Disabled) of such Title. Includes "periodic chore services" within those home health services for which payment may be made under the supplementary medical insurance program.

Bill· HRH.R. 13209 (95th)referred

Standards for State Product Liability Tort Litigation Act

United States · United States Congress · 21 June 1978

Standards for State Product Liability Tort Litigation Act - Declares that each State has authority to adopt legislation relating to product liability tort law in accordance with specified basic standards set forth in this Act. Establishes, as an independent instrumentality within the Department of Commerce, the Standards for Product Liability Tort Law Review Panel to review State product liability legislation and to determine whether such legislation is in accordance with the basic standards. Declares that such State legislation will be deemed to be in accordance with such basic standards, and hence an "Approved State Plan," if the Review Panel determines that such legislation provides for: (1) a product liability cause of action; (2) a statute of limitations; (3) a state of the art defense; (4) court appointment of expert witnesses; (5) comparative responsibility; and (6) the treatment of workplace injuries in accordance with this Act. States that the product liability cause of action provided by this Act shall be in lieu of all existing causes of action for damages as a result of bodily injury caused by a product. Sets forth the procedure whereby the Review Panel shall examine product liability legislation certified to by the chief executive officer of a State. Declares that the Review Panel shall determine that a certified State plan is in accordance with the basic standards only if such plan is in compliance with all the provisions set forth in this Act. Subjects a declaration by the Review Panel that a State plan is not in accordance with the basic standards to judicial review in the United States courts of appeals. States that if the Review Panel declares that a State does not have an approved State plan, an alternative plan for product liability, under which the product liability cause of action shall be in lieu of all existing causes of action for damages resulting from both bodily injury and injury to property caused by a product, shall take effect in that State. Stipulates that this Act is not a grant of Federal jurisdiction over actions for product liability benefits.

Bill· HRH.R. 13226 (95th)referred

A bill to amend chapter 5 of title 37, United States Code, to revise the special pay structure relating to medical officers of the uniformed services.

United States · United States Congress · 21 June 1978

Directs the Secretary of Defense, in computing incentive pay for medical officers of the uniformed services, to prescribe a system through which variable incentive pay may be reduced or adjusted to reflect amounts the Federal Government has paid to, or benefits received by, medical officers prior to the commencement of their active duty.

Bill· HRH.R. 13210 (95th)referred

Product Liability Tax Assistance Act

United States · United States Congress · 21 June 1978

Product Liability Tax Assistance Act - Amends the Internal Revenue Code to allow an income tax deduction for amounts contributed to a product liability trust, up to the fair market value of product liability insurance for the taxpayer. Sets forth the requirements such a product liability trust must meet to be tax-exempt. Includes distributions from such a trust other than for payment of product liability claims in the recipient's gross income. Imposes excise taxes on such trusts for self-dealing, unqualified expenditures, and contributions in excess of the fair market value of product liability insurance.

Bill· HRH.R. 13212 (95th)referred

Omnibus Product Liability Insurance Act

United States · United States Congress · 21 June 1978

Omnibus Product Liability Insurance Act - Title I: Federal Insurance Commission - Creates the Federal Insurance Commission which shall have the duty to supervise and regulate all activities of any insurer affecting commerce, to insure that such insurer is solvent, charges reasonable premiums, and otherwise acts in the public interest. Declares unfair insurance practices in commerce to be unlawful. Empowers and directs the Commission to prevent persons from engaging in unfair insurance practices. Sets forth the procedures to be employed by the Commission in any proceeding against any person believed to be using unfair insurance practices in commerce. Empowers the Commission to issue cease and desist orders to persons, partnerships, or corporations found to be involved in such practices. Sets forth the procedure for obtaining a review of such order in the United States courts of appeals. Transfers to and vests in the Federal Insurance Commission, all the functions, powers, and duties of the Federal Insurance Administrator of the Department of Housing and Urban Development, and of the other officers and offices within the Federal Insurance Administration. Authorizes the appropriation of such sums as the Commission may deem necessary to carry out its duties under this Title. Title II: Standards For State Product Liability Tort Litigation Act - Declares that each State has authority to adopt legislation relating to product liability tort law in accordance with specified basic standards set forth in this Title. Establishes, as an independent instrumentality within the Department of Commerce, the Standards for Product Liability Tort Law Review Panel to review State product liability legislation, to determine whether such legislation is in accordance with the basic standards. Declares that such State legislation will be deemed to be in accordance with such basic standards, and hence an "Approved State Plan," if the Review Panel determines that such legislation provides for: (1) a product liability cause of action; (2) a statute of limitations; (3) a state of the art defense; (4) court appointment of expert witnesses; (5) comparative responsibility; and (6) the treatment of workplace injuries in accordance with this Title. States that the product liability cause of action provided by this Title shall be in lieu of all existing causes of action for damage as a result of bodily injury caused by a product. Sets forth the procedure whereby the Review Panel shall examine product liability legislation certified to it by the chief executive officer of a State. Declares that the Review Panel shall determine that a certified State plan is in accordance with the basic standards only if such plan is in compliance with all the provisions set forth in this Title. Subjects a declaration by the Review Panel that a State plan is not in accordance with the basic standards, to judicial review in the United States courts of appeals. States that if the Review Panel declares that a State does not have an approved State plan, an alternative plan for product liability, under which the product liability cause of action shall be in lieu of all existing causes of action for damages resulting from both bodily injury and injury to property caused by a product, shall take effect in that State. Stipulates that this Title is not a grant of Federal jurisdiction over actions for product liability benefits. Title III: Internal Revenue Code Amendments - Product Liability Tax Assistance Act - Amends the Internal Revenue Code to allow an income tax deduction for amounts contributed to a product liability trust, up to the fair market value of product liability insurance for the taxpayer. Sets forth the requirements such a product liability trust must meet to be tax-exempt. Includes distributions from such a trust other than for payment of product liability claims in the recipient's gross income. Imposes excise taxes on such trusts for self-dealing, unqualified expenditures, and contributions in excess of the fair market value of product liability insurance.

Bill· HRH.R. 13211 (95th)referred

Federal Insurance Commission Act

United States · United States Congress · 21 June 1978

Federal Insurance Commission Act - Creates the Federal Insurance Commission which shall have the duty to supervise and regulate all activities of any insurer affecting commerce, to insure that such insurer is solvent, charges reasonable premiums, and otherwise acts in the public interest. Declares unfair insurance practices in commerce to be unlawful. Empowers and directs the Commission to prevent persons from engaging in unfair insurance practices. Sets forth the procedures to be employed by the Commission in any proceeding against any person believed to be using unfair insurance practices in commerce. Empowers the Commission to issue cease and desist orders to persons, partnerships, or corporations found to be involved in such practices. Sets forth the procedure for obtaining a review of such order in the United States courts of appeals. Transfers to and vests in the Federal Insurance Commission, all the functions, powers, and duties of the Federal Insurance Administrator of the Department of Housing and Urban Development, and of the other officers and offices within the Federal Insurance Administration. Authorizes the appropriation of such sums as the Commission may deem necessary to carry out its duties under this Act.

Bill· HRH.R. 13174 (95th)passed

A bill to provide for the striking of national metals to commemorate the XIII Olympic Winter Games to be held in Lake Placid, New York, in 1980.

United States · United States Congress · 16 June 1978

Directs the Secretary of the Treasury to strike bronze, silver, and gold national medals and deliver them to the Lake Placid 1980 Olympic Winter Games Corporation, a nonprofit corporation. Requires such medals to be struck at not less than their estimated cost of manufacture, plus a surcharge equal to 25 percent of such cost. Requires such surcharge to be deposited in the Treasury as miscellaneous receipts.

Bill· HRH.R. 13154 (95th)referred

A bill to provide for uniform standards for trucks carrying freight in interstate commerce, and for other purposes.

United States · United States Congress · 15 June 1978

Directs the Secretary of Transportation to prescribe uniform standards for trucks carrying freight in interstate commerce and to prescribe standards for State taxation and regulation of such vehicles. Stipulates that a State which does not comply with such standards shall have its apportionment of Federal highway funds reduced by ten percent for the first year of noncompliance, 20 percent for the second year, and 30 percent for each subsequent year.

Bill· HRH.R. 13156 (95th)referred

Urban Park and Recreation Recovery Act

United States · United States Congress · 15 June 1978

Urban Park and Recreation Recovery Act - Authorizes the Secretary of Housing and Urban Development to establish an urban park and recreation recovery program to provide financial assistance for rehabilitation of recreation areas and facilities in the form of challenge grants to local governments. Sets the requirements for grant eligibility. Directs the Secretary to promulgate funding priority regulations, for processing and approval of grant proposals, which include the use of objective data to measure comparative need for assistance among local governments. Requires regulations to include criteria evaluating the extent to which local governments have demonstrated results in providing equal opportunity housing.

Bill· HRH.R. 13114 (95th)referred

Housing Opportunity Act

United States · United States Congress · 13 June 1978

Housing Opportunity Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to direct the Federal National Mortgage Association to make, and to contract to make, mortgage credit assistance payments to lenders who agree to make mortgage loans to eligible middle-income families purchasing new and rehabilitated homes. Limits qualifications for mortgage credit assistance payments.

Bill· HRH.R. 13088 (95th)referred

Safe Banking Act

United States · United States Congress · 12 June 1978

Safe Banking Act - Title I: Supervisory Authority Over Depository Institutions - Creates civil penalties for specified insider's loans and loans to affiliates prohibited by the Federal Reserve Act, for violations of reserve requirements relating to one borrower loan limits. Amends the Federal Reserve Act to prohibit member banks from making loans to insiders under specified conditions. Amends the Bank Holding Company Act of 1956 to authorize the Board of Governors of the Federal Reserve System to order the termination of control or ownership by a bank holding company of any of its nonbank subsidiaries whenever they constitute a serious risk to financial safety of a subsidiary bank of the holding company. Amends the National Housing Act by authorizing the Federal Savings and Loan Insurance Corporation to order the termination of ownership or control of any noninsured subsidiary by a savings and loan holding company whenever there is reasonable cause to believe that continued ownership constitutes unsafe and inconsistent banking practice. Grants authority to the Federal Savings and Loan Insurance Corporation to make loans to a savings and loan association in order that it may buy the assets of a failing savings and loan institution so as to prevent the failure of such institution. Prescribes penalties for the violation of any provision of this Title. Authorizes financial regulatory agencies, including the National Credit Union Administration and the Federal Home Loan Bank Board, to initiate cease and desist actions against officers, directors, stockholders, or any person participating in the affairs of a financial institution (as well as against the institution itself as is allowed by current law) when there have been violations of laws and regulations or unsafe and unsound banking practices which are likely to seriously weaken the condition of the institution in question. Sets forth a procedure to be followed for removal of any officer or director for breach of fiduciary duty. Increases the allowable mortgage and education loans to executive officers of banks. Creates a hearing process for removal of a bank officer or director based on an indictment for or conviction of a felony. Title II: Interlocking Directors - Depository Institution Management Interlocking Act - Prohibits interlocking management and director relations between any depository institutions or depository holding companies located in the same metropolitan area. States that this prohibition applies without regard to geographical limits where such an institution has assets exceeding $1,000,000,000 and seeks an interlocking relationship with any institution with assets over $500,000,000. Delegates authority for the enforcement of this Act. Title III: Foreign Branching - Amends the Federal Deposit Insurance Act to prohibit any State nonmember insured bank from operating any foreign branch without prior written consent of the Federal Deposit Insurance Corporation (FDIC). States that when the liabilities of an insured bank for deposits are assumed by another insured bank the following shall occur: (1) the insured status of the bank whose liabilities are assumed shall terminate on the date of receipt by the FDIC of evidence of such assumption; (2) termination of separate insurance of all assumed deposits at the end of six months from the effective date; and (3) notification of such assumption by the assuming bank to each of the depositors of the assumed bank. Title IV: Conflicts of Interest - Depository Institutions Conflict of Interest Act - Amends the Federal Deposit Insurance Act, the Federal Reserve Act and the Federal Home Loan Bank Act to prohibit specified Presidential-appointee bank regulatory agency heads and members of such agencies from being employed for a period of two years after they leave office by institutions under their regulatory jurisdiction or with a holding company affiliate. Title V: Credit Union Restructuring - Reorganizes the National Credit Union Administration and places it under the management of the National Credit Union Administration Board. Directs the chairperson of such Board to represent the Administration in its official relations with other branches of Government. Requires each Federal credit union to pay the Administration an annual operating fee and to make annual financial reports to the Board. Title VI: Change in Bank Control Act - Amends the Federal Deposit Insurance Act to prohibit any person from acquiring any insured bank unless the appropriate Federal banking agency has been notified and has not issued a notice of its disapproval within a specified time period. Prescribes the procedure to be followed by any agency in making its determination to approve or deny such change of control. Title VII: Change in Savings and Loan Control Act - Amends the National Housing Act to prohibit any person from acquiring control of any federally insured savings and loan association unless the Federal Deposit Insurance Corporation has been notified and has not issued a notice of its disapproval within a specified time period. Prescribes the procedure to be followed by the Corporation in making its determination to approve or deny such change of control. Requires any insured institution to disclose any loan secured, or to be secured, by 25 percent or more of the outstanding voting stock of an insured institution to the Corporation. Prescribes civil penalties for violations of this Title. Title VIII: Correspondent Accounts - Prohibits the extension of credit to any officer, director, or specified stockholders of a bank which has a correspondent relationship with the lending bank, in its own name or in the name of another bank, unless such loan does not: (1) involve more than the normal risk of repayment; (2) include unusual terms of interest or collateral; or (3) present any other unfavorable features. Prohibits the establishment of a correspondent account where a loan already has been made to any officer, director, or specified stockholders of the bank desiring to open the account. Prescribes civil penalties for violations of this Title. Title IX: Disclosure of Material Facts - Amends the Federal Deposit Insurance Act to list information which must be included in an annual report to be made by each insured bank to the appropriate Federal banking agency. Title X: Federal Bank Examination Council - Federal Bank Examination Council Act - Establishes a Bank Examination Council to prescribe uniform principles and standards for the Federal examination of financial institutions. Directs the Council to make recommendations for uniformity in other supervisory matters, including classification of loans subject to risk and identification of financial institutions in need of special supervisory attention. Requires the Council to establish a liaison committee composed of five representatives of State supervisory agencies in order to encourage the application of uniform examination principles and standards by State and Federal supervisory agencies. Title XI: Right to Financial Privacy - Right to Financial Privacy Act - Prohibits any Government official from obtaining copies of, access to, or the information contained in, the financial records of any customer from a financial institution unless such records are described with particularity and: (1) such customer has authorized such disclosure in accordance with this Act; (2) such records are disclosed in response to an administrative subpena or summons; (3) such records are disclosed in response to a court order; (4) such records are disclosed in response to a judicial subpena; or (5) such financial records are disclosed in response to a formal written request meeting specified requirements. States that no financial institution may provide to a Government official copies of or the information contained in the financial records of any customer except in accordance with the requirements of this Act. Sets forth provisions governing customer authorization, administrative subpenas and summons, judicial subpenas, and search warrants. Prescribes civil and criminal penalties for violation of the provisions of this Title. Title XII: Charters for Thrift Institutions - Amends the Home Owners' Loan Act to authorize the Home Loan Bank Board to provide for the organization, chartering operation, and regulation of associations to be known as Federal Savings and Loan Associations or Federal mutual savings banks. Subjects converting mutual savings banks to the requirements of existing State law pertaining to discrimination in the extension of home mortgage loans if the State requirements are more stringent than Federal laws and regulations. Establishes a five year shared risk program in the event that a converting institution fails. Title XIII: Holding Companies - Prohibits bank mergers or acquisitions by bank holding companies if such transactions would result in a monopoly, furtherance of a combination or conspiracy to monopolize, or substantially lessen competition in any section of the country unless such anticompetitive effects are clearly outweighed in the public interest by the probable effect of the transaction in meeting the convenience and needs of the community to be served. Prohibits such transactions if the appropriate regulatory agency finds that as a result of such a transaction any one bank or holding company will control more than 20 percent of the banking assets held by banks in the States in which such bank or holding company is located. Excepts from such 20 percent prohibition a transaction which the appropriate agency finds to be immediately necessary to prevent the probable failure of a bank and a less anticompetitive alternative is not available. Gives the appropriate agency discretion to prohibit such a transaction even if it is not disallowed by any other part of this Act if it is found to have probable adverse effects on competition or market concentration which are not clearly outweighed by the public interest. Prohibits any national bank from engaging in any activity which the Board finds to be an improper activity for bank holding companies in general, or the holding company owning the bank in question, in particular. Requires bank holding companies and their subsidiaries to be capitalized in a safe and sound manner and to refrain from discriminating in making loans in favor of their parent holding company or their affiliated subsidiaries. Requires regular reports to the Board dealing with all intercompany loans. Sets forth procedures for administration of this Act and for judicial review. Gives to any interested person the right to petition the Board to commence a proceeding to consider the issuance, amendment, or revocation of a regulation promulgated here under. Title XIV: Amendments to the National Banking Laws - Makes changes with respect to the following: (1) the power of national banks to purchase, hold, and convey real property; (2) the trust powers of national banks; (3) the emergency restrictions on Federal Reserve banks; and (4) examination of foreign operations of State member banks. Title XV: Termination of National Bank Closed Receivership Fund - Directs the Comptroller of the Currency to disburse the liquidating dividends from national banks closed on or before January 22, 1934, held by the Comptroller in the capacity as successor to receivers of those banks. Title XVI: Transaction Accounts - Permits any depository institution chartered by the Federal Home Loan Bank Board and located in a State which authorizes State-chartered institutions insured by the Federal Savings and Loan Insurance Corporation to offer transaction accounts permitting withdrawals or transfers of account on negotiable, transferable, or nonnegotiable check, order, or authorization, as determined by the Board, to offer comparable services to the extent authorized by the Board. Title XVII: Effective Date - Sets forth the effective date for this Act.

Bill· HRH.R. 13070 (95th)referred

Right to Financial Privacy Act

United States · United States Congress · 9 June 1978

Right to Financial Privacy Act - Prohibits any Government authority from having access to or obtaining copies of the financial records of any customer from a financial institution unless such records are reasonably described and: (1) such customer has authorized such disclosure; (2) such records are disclosed in reponse to an administrative subpena; (3) such records are disclosed in response to a court order; (4) such records are disclosed in response to a search warrant; or (5) such records are disclosed in response to a formal written request meeting specified requirements. Prohibits any financial institution from providing to any Government authority access to, or the information contained in, the financial records of any customer except in accordance with the provisions of this Act. Sets forth provisions concerning customer authorization, administrative subpenas and summons, court orders, search warrants, and formal written requests. Sets forth specified notice provisions and customer challenge provisions to be provided when access to financial records is sought. Permits a Government authority to obtain financial records upon the sworn statement to the financial institution by the Government authority that delay in obtaining access to such records would create imminent danger of: (1) physical injury to any person; (2) serious property damage; or (3) flight to avoid prosecution. Exempts records from the coverage of this Act if sought because of foreign intelligence and protective activities. Sets forth specified exemptions. Requires a Government authority to pay to the financial institution providing financial records such costs as are reasonably incurred in complying with such request. Sets forth civil penalties for the violation of this Act.

Bill· HRH.R. 12904 (95th)referred

Susan B. Anthony Dollar Coin Act

United States · United States Congress · 31 May 1978

Susan B. Anthony Dollar Coin Act - Amends the Coinage Act of 1965 to change the size and weight of the one-dollar coin and to require that the obverse side of such coin bear the likeness of Susan B. Anthony.

Bill· HRH.R. 12907 (95th)referred

Investment Incentive Act

United States · United States Congress · 31 May 1978

Investment Incentive Act - Amends the Internal Revenue Code to restore part of the pre-1969 tax treatment of capital gains by repealing the capital gains item of tax preference for the minimum tax; lowering the corporate alternative tax to 25 percent of net capital gain; and lowering the alternative individual tax to 25 percent of net capital gain.

Bill· HRH.R. 12810 (95th)referred

A bill to extend for one year the authorization for the National Center for Productivity and Quality of Working Life, and to allow for the transfer of the functions of the Center within the Federal Government.

United States · United States Congress · 22 May 1978

Amends the National Productivity and Quality of Working Life Act of 1975 to extend the National Center for Productivity and Quality of Working Life through fiscal year 1979. Authorizes the President to transfer the functions, staff and property of the Center to departments and agencies of the Federal Government.

Bill· HRH.R. 12806 (95th)referred

Peace Corps Reform Act

United States · United States Congress · 22 May 1978

Peace Corps Reform Act - Amends the Peace Corps Act to set forth the purposes of the Peace Corps. Creates the Peace Corps Foundation as a government corporation to carry out the purposes of the Peace Corps Act, to terminate on September 30, 1987. Establishes an Advisory Council within the Foundation to evaluate the policies of such Foundation and to advise its Board of Directors. Directs the Foundation to establish procedures to coordinate the programs of other volunteer and development organizations, public, private, and international. Increases the compensation of Peace Corps volunteers. Prohibits assignment of such volunteers to the clerical staffs of Peace Corps representatives abroad. Limits the period of service of a volunteer. Directs the Foundation to establish an organization for former volunteers to assist in the readjustment of volunteers returning to the United States. Permits the spouses of volunteers to receive subsistence benefits. Eliminates the position of "volunteer leader" from the Peace Corps. Exempts certain Peace Corps personnel from civil service requirements. Permits the President to assign Foreign Service and other government personnel to the Peace Corps only upon request of the Foundation. Repeals the President's authority to prescribe performance standards for personnel of the Peace Corps. Amends the Peace Corps Act with respect to volunteer training, participation of foreign nationals, assignment of volunteers to international organizations, compensation of experts and consultants, utilization of funds, foreign language proficiency, and encouragement and final support of voluntary service programs. Prohibits investigation of any employee of the Foundation to insure that employment or assignment of such person is in the national interest, except at the request of the volunteer. Amends the Domestic Volunteer Service Act of 1973 to eliminate one of the two Associate Directors of ACTION. Transfers the assets and liabilities of the Peace Corp to the Foundation. Authorizes the appropriation of $300,000,000 for fiscal years 1978, 1979, and 1980 collectively.