United States · United States Congress · 21 March 1978
Amends rule XXI of the Rules of the House of Representatives to prohibit the inclusion in any appropriation bill or amendment thereto of a provision which changes existing law or imposes any limitation not contained in existing law.
United States · United States Congress · 16 March 1978
Intergovernmental Emergency Assistance Act - Title I: Intergovernmental Emergency Assistance - Establishes the Intergovernmental Emergency Assistance Board. Authorizes such Board to guarantee the payment of obligations of States (including its agencies and instrumentalities) and their political subdivisions under specified conditions. Creates the Emergency Municipal Debt Guarantee Fund in the Treasury to be administered by the Board. Title II: Amendment to Internal Revenue Code of 1954 - Makes interest income received on any obligation guaranteed under Title I of this Act after the date of the enactment of this Title taxable under the Internal Revenue Code of 1954.
United States · United States Congress · 16 March 1978
Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure mortgages for rehabilitated or newly constructed buildings used by commercial establishments.
United States · United States Congress · 16 March 1978
Expresses the condemnation of the House of Representatives of the kidnapping of Aldo Moro. Declares it the sense of the House of Representatives that (1) Italy deserves the support of the United States, and (2) the President should instruct the Permanent Representative to the United Nations to press for consideration of solutions to the problem of terrorism in all appropriate forums.
United States · United States Congress · 15 March 1978
Older Americans Long-Term Care Act - Title I: Long-Term Care for the Elderly and the Disabled - Establishes a program of long-term comprehensive services for the elderly financed by the Federal Government and the States. Establishes within the Department of the Treasury a Federal Long-Term Care Trust Fund for such program. Requires a State to establish a State Long-Term Care Agency in order to receive funds under this Act. Requires such State agency to create within the State a system of Community Long-Term Care Centers. Title II: Miscellaneous Provisions - Sets forth the relationship between the program established by this Act and certain programs under the Social Security Act.
United States · United States Congress · 14 March 1978
Social Security Refinancing Act - Amends Title II (Old-Age, Survivors, and Disability Insurance) and XVIII (Medicare) of the Social Security Act, and the Internal Revenue Code to finance the payment of disability insurance benefits and hospital insurance benefits through general tax revenues, rather than through employment and self-employment tax revenues. Reduces employment and self-employment tax rates below the rates established by the Social Security Financing Amendments of 1977.
United States · United States Congress · 14 March 1978
Expresses the condemnation by the Congress of the March 11, 1978, attack on Israel by the Palestine Liberation Organization, and the expressed intention of the PLO to continue such attacks and to disrupt the peace efforts between Israel and Egypt. Requests the President to make the disapproval of the Congress known to governments approving the PLO attack. Expresses Congressional approval of the peace efforts between Israel and Egypt. Urges other Middle East countries to join such efforts. Declares negotiation to be the best way to bring peace to the Middle East.
United States · United States Congress · 13 March 1978
Amends the Internal Revenue Code to allow active participants in a retirement plan an income tax deduction for contributions to an individual retirement account in taxable years prior to the vesting of the individual's rights under the retirement plan.
United States · United States Congress · 10 March 1978
Permits the Governor of any State with jurisdiction to establish a disaster area Recovery Planning Council to contract the performance of Council functions to any Federal agency, State agency, or private nonprofit organization receiving Federal funds, which has economic development functions.
United States · United States Congress · 9 March 1978
Title I: Amendments to Small Business Administration Disaster Loan Authority - Amends the Small Business Act to authorize the Small Business Administration to make physical disaster loans to cover losses during the period beginning July 1, 1976, and ending October 1, 1982, at a five percent rate of interest. Authorizes the Administrator of the Small Business Administration to make and issue notes to the Secretary of the Treasury for the purpose of obtaining funds necessary for discharging obligations under the disaster loan revolving fund created by the Small Business Act. Title II: Authorizations and Limitations - Authorizes funds for the small business development center program through fiscal year 1982. Title III: Management and Technical Assistance - Authorizes the Administration to make a grant to any State or local government, development credit corporation, land-grant college, or specified school for small business oriented employment or natural resources development programs including research, counseling, and technical assistance provided that an additional amount equal to the amount of such grant is from a source other than the Federal Government. Title IV: White House Conference on Small Business - Directs the President to call a White House Conference on Small business to be conducted by the National Conference Planning Council on Small Business established by this Act. Title V: Miscellaneous Admendments - Amends the Small Business Investment Act of 1958 to permit the investment of pollution control revolving fund moneys which are not needed for the payment of claims or current operating expenses. Amends the Small Business Act to direct the Small Business Administration to send to Congress any budget estimate or request, any legislative recommendations or testimony, or comment on legislation which it submits to the President or the Office of Management and Budget.
United States · United States Congress · 9 March 1978
National Credit Union Central Liquidity Facility Act - Establishes the National Credit Union Central Liquidity Facility to provide funds to meet the liquidity needs of credit unions. Vests management of the Facility in the National Credit Union Administration. Declares the initial capitalization of the Facility shall be by stock subscription consisting of shares having par value of $50 each. Entitles any member of the Facility to apply on a form prescribed by regulations for advances. Authorizes the Administration to deny or grant any application upon such terms as it may prescribe by regulations. Authorizes the Secretary of the Treasury to lend the Facility up to $500,000,000 to enable it to meet the obligations arising under this Act. Directs the Administration to prepare and submit to the President and to the Congress annually a full report on the activities of the Facility for the previous year. Directs the Comptroller General to audit the Central Liquidity Facility.
United States · United States Congress · 9 March 1978
Small Town Safe Drinking Water Assistance Act - Amends the Public Health Service Act to authorize the Administrator of the Environmental Protection Agency to make grants to small public water systems for the purpose of enabling such systems to meet national primary drinking water regulations.
United States · United States Congress · 8 March 1978
Amends the Internal Revenue Code to direct the Secretary of the Treasury to issue regulations corresponding to the principles set forth in a certain private letter ruling relating to the exclusion from gross income of amounts deferred by participants in public deferred compensation plans.
United States · United States Congress · 8 March 1978
Amends the Internal Revenue Code to allow individuals an income tax credit for a portion of the expenses incurred for the residential installations of insulation, solar and other renewable energy equipment, heating improvements and energy-conserving components between April 20, 1977, and January 1, 1986.
United States · United States Congress · 8 March 1978
Product Liability Tax Relief Act - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax exempt organizations. Allows taxpayers a business income tax deduction for contributions to such trusts only to the extent they do not exceed the reasonable costs of product liability insurance for the taxpayer. Imposes excise taxes on self-dealing and excess contribution by persons who contribute, control, own, or have beneficial interests in the trusts. Includes distribution from these trusts in the taxpayers' gross income when made for an unqualified purpose, and imposes a ten percent tax on the trusts for such expenditures.
United States · United States Congress · 8 March 1978
Small Business Capital, Investment, and Business Opportunity Act - Title I: Amendments of the Small Business Investment Act of 1958 - States that the interest rate on loans guaranteed by the Small Business Administration (SBA) to small business investment companies shall be three percent per annum. Authorizes the Small Business Administration to guarantee up to 75 percent of the funds advanced by small business investment companies to start small business concerns. Limits such guarantees to not more than 20 percent of the private paid-in capital of the small business investment company. Makes the Associate Administrator for Investment of the SBA responsible for the administration of the small business investment program and removes any other duties. Title II: Amendments to the Securities Act of 1933 - Amends the Securities Act of 1933 to permit the sale of restricted securities without registration under specified circumstances. Requires issuers to report only material information with respect to transactions not involving any public offering. Title III: Amendment of the Employee Retirement Income Security Act of 1974 - Amends the Employee Retirement Income Security Act to provide that the prudence requirement under such Act is not violated solely by an investment in a small business, provided investments of this nature do not exceed in value five percent of the market value of all assets in a defined benefit plan fund. Title IV: Tax Provisions - Increases the surtax exemption from tax on the income of a corporation for any taxable year to $100,000. States that the gain from the sale of an interest in a small concern qualifies as a non-taxable exchange provided such gain is reinvested within 18 months of the sale in another eligible small concern. Repeals the amendments pertaining to qualified stock options under section 442 of the Code as enacted by the Tax Reform Act of 1976 and reinstates the former law. Changes the allowable deduction for any taxable year with respect to the issuance of small business stock. Makes small business investment companies eligible to be shareholders of subchapter S corporations. Provides for reserves for losses on equity investments of small business investment companies.
United States · United States Congress · 8 March 1978
Amends the Internal Revenue Code to allow small business investment companies electing to be taxed as regulated investment companies, and having a tax deficiency as a result of a judicial judgment or administrative settlement concerning certain capital gains or dividend deductions to satisfy such deficiencies by paying out dividends within 90 days after the judgment or settlement.
United States · United States Congress · 7 March 1978
Title I: Amendments to the Small Business Investment Act of 1958 - Amends the Small Business Investment Act of 1958 to change the limitation on the amount of securities which the Small Business Administration (SBA) may purchase from various classes of small business investment companies. Authorizes small business investment companies to invest funds in certificates of deposit or savings accounts in institutions whose accounts are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation. Repeals certain requirements with respect to interest rates on debentures purchased by the SBA. Title II: Amendments to the Small Business Act - Amends the Small Business Act to authorize the SBA to let subcontracts or to arrange for the performance of its own government contracts to socially and economically disadvantaged small business concerns for construction work, services, and the manufacture, supply or assembly of articles. Defines socially and economically disadvantaged small business concerns for purposes of this Act. Exempts small businesses receiving such subcontracts from performance bond requirements under specified circumstances. Requires each public contract to be performed in the United States which exceeds $10,000 in amount to include a clause requiring that small business concerns owned and controlled by socially and economically disadvantaged individuals be given the maximum practicable opportunity to participate in such contracts. Requires each offering company to submit a summary subcontracting plan with its offer. Conditions the award of a contract to an apparently successful offering company upon a determinination by the procurement authority that the final subcontracting plan affords maximum practicable opportunity for participation by small businesses owned and controlled by disadvantaged individuals. Authorizes the SBA to appeal for modification of such a plan to the head of the procuring agency if determined that such standard is not met. Conditions the granting of Federal funds to be used for the procurement of articles, equipment, or construction work upon the applicant agreeing to utilize small business concerns for such procurement to the maximum extent practicable.
United States · United States Congress · 1 March 1978
Equal Access to Courts Act - Entitles a party which: (1) prevails in any civil action, including an action for judicial review of agency actions; and (2) is a small business as defined by the Small Business Act or an individual or entity having assets or income below specified amounts to a judgment for costs and an award for attorney fees, witness fees, and necessary studies and reports. Directs an agency to pay costs and fees to a party meeting the criteria of (2) above if such a party: (1) successfully defends the imposition of an agency sanction; (2) successfully opposes the issuance or amendments of certain agency orders; or (3) successfully appeals agency action or is subject to agency action which is appealed or reviewed. Entitles a party partially prevailing against the United States to costs and fees to the extent to which it prevailed. Authorizes, where in the interest of justice, an award of cost and fees to a party which fails to prevail in a civil action instituted by or against the United States.
United States · United States Congress · 24 February 1978
Amends the Board for International Broadcasting Act of 1973 to prohibit assistance to Radio Free Europe or Radio Liberty if any Communist country is permitted to use such broadcast facilities.
United States · United States Congress · 24 February 1978
Legislative Oversight Act - Title I: Requirements for Authorization Bills - Requires all legislation considered by either House of Congress which authorizes new budget authority or increased tax expenditures to include a statement of objectives of the program to be authorized or established and a requirement that the agencies administering the program report annually to Congress to assist it in determining whether such program should be amended. Requires such agency reports to list the costs and accomplishments of each program. Title II: Requirements for Reports Accompanying Authorization Bills - Requires committee reports accompanying such legislation to identify expected economic and social costs and benefits of new programs authorized or established by such legislation, potentially duplicative programs, and previous efforts to accomplish the objectives of the program being considered. Requires reports to contain, if the legislation continues an existing program, authorization, or tax expenditure, an assessment of the degree to which such program or tax expenditure has met previously stated objectives. Requires the Comptroller General to publish and periodically update a descriptive catalog of interrelated Federal activities which compares program costs and accomplishments and describes program interrelationships, including the extent to which programs are duplicative. Title III: Presidential Budget Recommendations - Requires the President's budget to describe the relationship between the President's recommended program budgets and the program accomplishments reported by Federal agencies under this Act. Title IV: Authorization Time Limit; Certain Obligations not Impaired - Prohibits congressional consideration of any legislation which authorizes new budget authority or provides new or increased tax expenditures, or new spending authority for a period exceeding five years. Exempts from this prohibition national debt service and payments to individuals from Federal trust funds to which such individuals have contributed. Title V: Miscellaneous Provisions; Effective Date - Recognizes the authority of either House to amend this Act. Sets the effective date of this Act.
United States · United States Congress · 22 February 1978
Graduated Income Tax Rate Act - Amends the Internal Revenue Code to provide graduated income tax rates for corporations ranging from a 14 percent rate on the first $25,000 in income to a 48 percent rate on income in excess of $100,000,000.
United States · United States Congress · 22 February 1978
Social Security Refinancing Act - Amends Title II (Old-Age, Survivors, and Disability Insurance) and XVIII (Medicare) of the Social Security Act, and the Internal Revenue Code to finance the payment of disability insurance benefits and hospital insurance benefits through general tax revenues, rather than through employment and self-employment tax revenues. Reduces employment and self-employment tax rates below the rates established by the Social Security Financing Amendments of 1977.
United States · United States Congress · 21 February 1978
Targeted Tax Relief Act - Amends the Internal Revenue Code to allow manufacturers planning property eligible for the investment tax credit in designated "labor surplus" areas to take double investment tax credits and depreciation deduction for the property. Doubles the allowable deduction for real property taxes on realty used in connection with this property.
United States · United States Congress · 16 February 1978
Amends the Older Americans Act of 1965 to direct the Commissioner on Aging to establish a special grant program to enable States to establish community long-term care initiatives designed to assess the needs of chronically ill or disabled older persons for services and to assist in the efficient operation of a comprehensive and coordinated system for the delivery of services to older persons. Authorizes the Commissioner to permit certain agencies to apply for, and if qualified, reserve grants to develop such community long-term care initiatives. Authorizes grants made under this Act to cover up to 90 percent of the cost of a program established pursuant to this Act. Permits adversely affected grant applicants to obtain judicial review. Establishes guidelines for each agency to follow in establishing programs. Requires each administering agency to submit an annual report to the Commissioner.
United States · United States Congress · 15 February 1978
Title I: Establishment of Park - Establishes, in the city of Lowell, Massachusetts, the Lowell National Cultural Park, consisting of a preservation zone and an intensive use zone, to preserve sites and structures through implementation of the plan of the Lowell Historic Canal District Commission. Title II: Role of the Secretary - Requires the Secretary of the Interior to submit a park management plan to Congress. Provides for consultation with the Lowell city manager and the Lowell National Cultural Park Commission, established by this Act, in setting preservation, restoration, and use standards. Sets requirements for acquisition of property within the preservation zone. Directs the Secretary to provide technical assistance in preservation, restoration, and other use of park properties. Permits withholding of park management plan funds by the Secretary if the city of Lowell fails to meet specified criteria. Title III: Role of the Commission - Establishes within the Department of the Interior the Lowell National Cultural Park Commission to administer the preservation zone. Requires the Commission to submit management plans and an index of Federal Register and other potentially significant historic cultural or architectural properties. Directs the Commission to make loans, grants, and technical assistance for the preservation, restoration, or development of the park. Provides for the acquisition and disposition of property by the Commission. Enumerates the powers of the Commission, including the holding of hearings, and provides for the staff of the Commission.
United States · United States Congress · 15 February 1978
Amends the Federal Power Act to require the Federal Power Commission to hold an evidentiary hearing before approving public utility rate increases due to fuel adjustment clauses. Requires a showing that the clause effectively provides incentives for the economical purchase and use of fuel. Requires further that the clause is necessary to enable the utility to pay for the added fuel costs which are by nature short-term fluctuations and therefore not capable of determination in proceedings before such costs are incurred. Sets a one-year limit on approved fuel adjustment clauses and requires an evidentiary hearing before their renewal. Requires the Commission to examine and, if appropriate, to audit the practices of public utilities using fuel adjustment clauses. Requires relevant utilities to supply information as the Commission may require and makes such information available to the public. Grants to any purchaser of electric energy produced for resale and subject to a fuel adjustment clause, the right to examine the records of the relevant utility to insure compliance with applicable schedules and Commission rules. Requires the Commission, after affording the opportunity for an evidentiary hearing, to order the cessation or modification of any practice which does not constitute the most economical purchase and use of fuel. Amends the National Gas Act to impose similar restrictions on rate increases of natural gas companies pursuant to automatic adjustment clauses. Prohibits State regulated utilities from making rate increases pursuant to an automatic adjustment clause unless such clause has been determined to effectively provide incentives for the economical purchase and use of the fuel involved. Requires further that such clauses be necessary to enable the utility to pay for short-term fluctuations in fuel costs that are not susceptible to determination in proceedings held prior to such costs being incurred. Limits automatic adjustment clauses to one-year in duration, and requires an evidentiary hearing before their renewal. Requires the reviewing authority to examine and, if appropriate, to audit the practices of utilities with respect to fuel adjustment clauses. Requires that utilities supply such relevant information as is required by the State regulatory body and makes such information available to the public. Sets procedures for the certification of State regulatory bodies with respect to this Act. Requires the Commission to enforce the Act in the absence of State certification and upon the request of any State regulated utility. Amends the Federal Power Act to expand the scope of businesses forbidden from having interlocking directorates without Commission approval. Makes such approval no defense to actions under specified provisions of the Clayton Act. Amends the Natural Gas Act to expand the scope of natural gas companies forbidden from having interlocking directorates without Commission approval. Makes such approval no defense to actions under specified provisions of the Clayton Act.
United States · United States Congress · 9 February 1978
Amends the Internal Revenue Code to provide graduted income tax rates for corporations with a maximum rate of 45 percent on income in excess of $150,000 and a minimum rate of 18 percent on income not in excess of $25,000.
United States · United States Congress · 9 February 1978
National Materials Policy Act - Title I: Environmental Quality Assistance and Natural Resource Material Conservation Incentives - Directs the Administrator of the Environmental Protection Agency to establish a schedule of national solid waste product charges. Authorizes annual increases in the initial charge schedule over a ten-year period. Stipulates that such charges shall be levied at the earliest practical stage of the manufacturing sequence. Exempts exported products from the charge schedules established pursuant to this Act. Establishes an Environmental Quality Assistance Fund from all sums received as charges under this title. Authorizes appropriations from the fund for municipal solid waste management plans, in accordance with guidelines established by the Administrator consistent with the Solid Waste Disposal Act. Imposes criminal penalties of up to a $10,000 fine and/or five years imprisonment for evasion of the charges imposed by this Act, or for knowing failure to collect charges imposed by this Act. Imposes additional penalties for failure to supply accurate information and for assisting in the furnishing of false information. Title II: General Provisions - Stipulates that nothing in this Act shall preclude States and localities from adopting more stringent solid waste standards. Imposes certain record-keeping requirements upon manufacturers of products covered by this Act. Establishes procedures for judicial review under this Act.
United States · United States Congress · 8 February 1978
Amends Title XVIII (Medicare) of the Social Security Act to authorize payment under the supplementary medical insurance program for foot care involving the cutting and removal of corns, warts, and calluses and the trimming of club nails.
United States · United States Congress · 7 February 1978
Amends the Coastal Zone Management Act of 1972 to authorize the Secretary of Commerce to make annual grants to assist States in carrying out public shoreline erosion management measures in the Great Lakes region. Authorizes grants to States to: (1) acquire private shoreline property where necessary to protect adjacent public land; (2) relocate existing structures endangered by erosion; and (3) carry out erosion management measures. Limits the amount of any such grant to 80 percent of the estimated cost of a State's proposed erosion management measures during the year such grant is made. Requires a State, as a condition of eligibility for such a grant, to implement an erosion management assistance plan approved by the Secretary. Sets forth the types of financial aid which a State erosion management assistance plan must provide to private shoreline property owners. Requires a State to furnish the Secretary with information and records concerning its erosion management assistance plan. Directs the Secretary, in allocating aid among the States, to consider: (1) the length of the Great Lakes shoreline within each State; (2) comparative recession rates of each shoreline; and (3) the proportion of shoreline in each State which is subject to high erosion. Authorizes appropriations to carry out the provisions of this Act.
United States · United States Congress · 7 February 1978
Amends the Internal Revenue Code to allow a deduction of up to $1,500 for household expenses to any taxpayer who maintains a household in which a dependent aged 65 or over resides.
United States · United States Congress · 6 February 1978
Amends the Woodrow Wilson Memorial Act of 1968 to establish a Hubert H. Humphrey Fellowship in Social and Political Thought at the Woodrow Wilson International Center for Scholars at the Smithsonian Institution. Establishes the Hubert H. Humphrey Fellowship Trust Fund in the Treasury.
United States · United States Congress · 6 February 1978
Hubert H. Humphrey Institute of Public Affairs Memorial Act - Authorizes the Commissioner of Education to provide financial assistance to assist in the development of the Hubert H. Humphrey Institute of Public Affairs at the University of Minnesota-Twin Cities. Authorizes up to $5,000,000 to be appropriated for such purpose.
United States · United States Congress · 1 February 1978
Small Business Capital, Investment, and Business Opportunity Act - Title I: Amendments of the Small Business Investment Act of 1958 - States that the interest rate on loans guaranteed by the Small Business Administration (SBA) to small business investment companies shall be three percent per annum. Authorizes the Small Business Administration to guarantee up to 75 percent of the funds advanced by small business investment companies to start small business concerns. Limits such guarantees to not more than 20 percent of the private paid-in capital of the small business investment company. Makes the Associate Administrator for Investment of the SBA responsible for the administration of the small business investment program and removes any other duties. Title II: Amendments to the Securities Act of 1933 - Amends the Securities Act of 1933 to permit the sale of restricted securities without registration under specified circumstances. Requires issuers to report only material information with respect to transactions not involving any public offering. Title III: Amendment of the Employee Retirement Income Security Act of 1974 - Amends the Employee Retirement Income Security Act to provide that the prudence requirement under such Act is not violated solely by an investment in a small business, provided investments of this nature do not exceed in value five percent of the market value of all assets in a defined benefit plan fund. Title IV: Tax Provisions - Increases the surtax exemption from tax on the income of a corporation for any taxable year to $100,000. States that the gain from the sale of an interest in a small concern qualifies as a non-taxable exchange provided such gain is reinvested within 18 months of the sale in another eligible small concern. Repeals the amendments pertaining to qualified stock options under section 442 of the Code as enacted by the Tax Reform Act of 1976 and reinstates the former law. Changes the allowable deduction for any taxable year with respect to the issuance of small business stock. Makes small business investment companies eligible to be shareholders of subchapter S corporations. Provides for reserves for losses on equity investments of small business investment companies.
United States · United States Congress · 1 February 1978
Amends the Internal Revenue Code to allow small business investment companies electing to be taxed as regulated investment companies, and having a tax deficiency as a result of a judicial judgment or administrative settlement concerning certain capital gains or dividend deductions to satisfy such deficiencies by paying out dividends within 90 days after the judgment or settlement.
United States · United States Congress · 1 February 1978
Product Liability Tax Relief Act - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax exempt organizations. Allows taxpayers a business income tax deduction for contributions to such trusts only to the extent they do not exceed the reasonable costs of product liability insurance for the taxpayer. Imposes excise taxes on self-dealing and excess contribution by persons who contribute, control, own, or have beneficial interests in the trusts. Includes distribution from these trusts in the taxpayers' gross income when made for an unqualified purpose, and imposes a ten percent tax on the trusts for such expenditures.
United States · United States Congress · 1 February 1978
Declares it the sense of the Senate and House jointly that no new national water resources management policy shall be implemented without Congressional concurrence. Sets forth a procedure whereby States shall be given an opportunity to participate in the formulation of such policy.
United States · United States Congress · 23 January 1978
Confers jurisdiction upon Federal district courts to enforce a State child custody order against a parent who, in violation of such order, took the child to another State.
United States · United States Congress · 23 January 1978
Amends the Internal Revenue Code to allow a tax credit for an amount, not to exceed $250, equal to 50 percent of the expenses paid or incurred by a speech- or hearing-impaired individual for the use of toll telephone services by means of teletypewriters.
United States · United States Congress · 15 December 1977
Amends the Federal Reserve Act to direct the chairman of the Federal Reserve Board to submit a report to specified Congressional committees on each instance when the Board of Governors of the Federal Reserve System, its officers, or its employees, and the Board of Directors of the Federal Reserve banks, their officers or employees have communicated with officers or employees of any institution subject to the regulatory authority of the Federal Reserve System to influence legislative activity affecting the Federal Reserve System.
United States · United States Congress · 15 December 1977
Radioactive Waste Management Act - Amends the Atomic Energy Act to require the transfer of radioactive waste generated by licensees under such Act to Federal repositories for storage. Directs the Energy Research and Development Administration to construct and operate such repositories. Directs the Nuclear Regulatory Commission to establish and enforce standards for construction and operation of all Federal repositories. Requires the Commission to hold public hearings in each State which has jurisdiction of any property within 25 miles of the site of the proposed repository and to consult with the Governors of such States. Amends the Energy Reorganization Act of 1974 to grant the Nuclear Regulatory Commission licensing and regulatory authority regarding Federal repositories. Requires the transfer of military radioactive waste to Federal repositories. Directs the Administrator of the Energy Research and Development Administration to restore the background radiation at abandoned uranium mill sites or mines as designated by the Nuclear Regulatory Commission to levels which approximate those levels which existed before operations commenced at such sites. Authorizes States to exercise concurrent authority regarding radioactive waste storage if the State requirements impose additional or more stringent standards for the construction or operation of such facilities.
United States · United States Congress · 15 December 1977
Declares that it is the policy of the Congress in the interest of public health to phase out Federal assistance which promotes the production of tobacco and the manufacturing and marketing of tobacco products for human consumption. Directs the Secretary of Agriculture to study and report to the President and to the appropriate Congressional committees his findings and recommendations regarding the probable economic effects (particularly on family farmers) of the phasing out of specified Federal tobacco assistance programs.
United States · United States Congress · 15 December 1977
Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount equal to 50 percent of the sum of the amounts paid by him to educational institutions as tuition (though no more than $500 for any single individual) for the attendance of the taxpayer, the taxpayer's spouse, or any of his dependents with respect to whom he is entitled to a personal exemption.
United States · United States Congress · 7 December 1977
Product Liability Tax Relief Act - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax exempt organizations. Allows taxpayers a business income tax deduction for contributions to such trusts only to the extent they do not exceed the reasonable costs of product liability insurance for the taxpayer. Imposes excise taxes on self-dealing and excess contribution by persons who contribute, control, own, or have beneficial interests in the trusts. Includes distribution from these trusts in the taxpayers' gross income when made for an unqualified purpose, and imposes a ten percent tax on the trusts for such expenditures.